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1947 DEC 1 BUS. ADM. 9% Y' I'll./ LIBRARY" M 0 N DA Y i.TijL?.-;;* V.t If. Reg. U. S. Pat. Office .Volume 166 Number 4651 New General RAILROAD ABC Net $6,015,057 Earnings 790,840 SO.38 ' $1.12 share com. not included Advance The * sales of three 50% -owned these figures.—V. in 166, p. affiliated companies its 1781. The other Co., Indianapolis, Ind. Debentures — debentures offered were to residents The date March 1, 1948). Indiana intangibles tax paid by the for year ending Aug. 31, 1943.- City Securities Corp., sinking Callable in who.e or in part on any interest paying date 30 days' prior notice before Sept. 1, 1952, at 105; on Sept. 1, 1952 Net Sept. to plus 101; at and 1957, 1, accrued interest only accrued 103; at Sept. on interest. 1, 1957 Debentures through operation of and sinking * 18 9 Prom to 1907 enamels. In industrial materials, hing 1907 ;■ , the present time PURPOSE*—The proceeds is recognized as proceeds from the sale; Of the debentures, the term loan will be used to partially ot ' dated Sept, 5, . of amount, regular the paid common time future." for meet¬ be of capital advantageous. preferred stock since July 31, 1946. stock.—V. 166, p. 257. also It After shr._ com. 355,181 $0.74 charges and Federal > 518,415 $1.11 Steel p. $4.31 to raise approximately |t also i>lans through to spend $15,000,000 on improvements during over and above ordinary expenditures for such years, "It is dividend the intent rate of the of the new company," stock will Mr. be Batcheller between the its that the additional : offered before line ot credit at the above bank for borrowing for capital from time to time. The balance due on the term together with other hank borrowings not in excess of $200,000 Indiana National Bank, will be senior in all respects to the issue will such be determined offering by the board of 'Net Fed. Income Profit Taxes $843,109 1J36_ S 1337— shares. Net Net Sales $90,878 $12,909 "that the $4.25 and per short a 1,251,125 178,516 41,819 47,054 6,184 16,793 3,496 1,122,454 76,441 16,546 to underwriting the offering, but common stock additional shares of 132,301 26,870 1,697,760 137,072 43,402 Y1342 1,779,590 105,554 48,293 105,430 93,670 57,261 1943 1,677,070 24,606 12,211 such no could common time used for 1914_ 1,665,760 47,667 15,852 1,599,150 27,954 7,058 In 20,835 1945 2,336,737 125,792 47,265 78,526 11947 1,88.),332 91,161 34,641 56;519 Federal income taxes. tEight months July 31, 1947. . Aireon The the Manufacturing has district S. Corp.—Files New ended j, York Baltimore . petition a of Kansas for corporate under Chapter reorgahization X of the he said, is taken by the management in the hope that it will not an interruption of the operations of the Y i. cry Of Mr. judgment which since / noW cause \ was the interference this used year, to the is in default on company an WAA the operations of the advanced debt has and paid intalment due the business," ended to discharge $557,000 old the on the RFC Oct. liabilities, loan, but Exchange on AND 9 •« MONTHS $ ' share per share v-Y-Yy for per Y;- 1947. ENDED SEPT. 30 1947—9 Mos.—1946 $ $ $ 142,530,234 > * , ' 64,184,527 ^I60;p00;^^i89;58'^^4;^v". Ck—Buys Gov't Plant— the transaction included six of acres and equif»-%]sv: hot .' v < ft.ji; sq. . land/three^ building (twosingle a rolling mill /V ■ . 1947 . . all I? 1946 ....... . $158,505 ?/ 1,818 /•:, $53,198 333,879 81.8J8 333,879 $0.16 outstanding share & Nil $£• ' % charges, including interest and depreciation. date Established 1922 ' . 2-2600. Bell , '*' YORK _ Teletype: NY 1-573 with to the plan suggestions the Commission public holders to disappraved of of the the company's benefit of reor¬ made by original plan the on first holders Bond of & Share Co., allocation for new the of preferred the the the were second pre¬ parent of Foreign Power, will receive holdings of securities of its subsidiary, its 4V?.'/c new debentures and 3,349,050 shares of new second pre¬ Group to Oppose Plan Confirmation— The the approve The Dec. 36 Foreign Exchange Rates^ 36 the court publicly the the at plan 39 41 held reorganization plan at plan. has set hearing for Jan. a 6 with Portland, Me. answering new line shares common of expense in due papers preferred stockholders opposing the plan of the company sought subordination on the part of Electric Bond & Commission instead asked that the plan be amended increased .38 with the second SEC to Share to but / allocate first preferred stockholders largely preferred. The company amended the findings and Commission approval followed. Option Warrants Off List— 42 ^^ representing 22. The second had __37 The the 24" & _24 33 group, District Court to 36 - Johnson stock, will oppose court confirmation of of the company as approved by the SEC. The Commission has asked the U. S. 36 Section Norman ferred _35 Condition Statement of Member Banks of v Federal Reserve System 4r N. Y. approval line common. ization i York New option Curb warrants Exchange of this Nov. on company which purchase 166, provides the of cancelled p. that company's and will 2093. "V J, the : the accorded fetock no suspended advise that amended outstanding common be 20 upon Exchange Commission has approved option will be dealings the plan reorganwarrants for the revoked,, abrogated participation in the * , Edward D. Jones & Co. _._41 / .. " Established 300 North 4th 1871-*/— St., St. Louis 2, Missouri Members New York Stock 45 .. , Exchange r: Phone Exchange Y CEntral 7600 Chicago Bd. of Trade Bell Teletype Curb Exchange Associate 'H 8L 593 St. Louis Stock Chicago Stock Exch. New York . in Securities of St. Louis Listed and Unlisted Securities Payable-\:^T.yi-.._.„46 STREET.vJNEW final in common. Condition Statement of Federal ( Reserve Banks & its gave amended compensated" the Combined If cAllen 19 recently 4. that Electric —V. ^ v Foreign Power Co., Inc.—SEC Approves Nov. on as and under and YV 3 $1.36 88,663 35,465 per $8,098,900 35 Redemption Calls and Sinking Fund Notices.45 The Course of Bank Clearings—.1 i. y-.-43 Dividends Declared and MPNlCIfAK; DEPARTMENT/ ; HAnover for provi¬ requirements $438,037 Y that "under 34 ... Municipal Bonds Teifmhone the after $1.08 were frame Nov. on ferred 34 General Corporation & Investment News-Cdver /State and City Bond Offerings_._^______...__5l FLORIDA & NEW JERSEY ■ IN 30, £ Miscellaneous Features <• second to and 34 Transactions New York Stock Exchange Transactions New York Curb Exchange Stock and Bond Averages it 17. SPECIALIST IN BROAD Sept. requirements) 30, 1947 and 57,643,339 12.217,412 Sept. 30 —.1—1 said SEC On 33 Over-the-Counter Markets Corporation also owes $372,000 which is subject to suit for collecand • creditors with claims of about $160,000 already have taken legal action to collect. C ){£* 80 June taxes ground 33 Toronto Stock Exchange—Curb $2,000,000, company SEC tion, \VY dividend ended sales ganization _29 Exchange Montreal Curb Exchange Toronto Stock Exchange /. RFC bank refund the that' time with v.V. Curb Exchange Stock Stock San Francisco Stock Exchange. Montreal Stock Exchange business./"* said. March, In '! and the due 1947, buildings and certain specified -items of Tnachinery ment, : including.ithe ordnance termination inventory/' ' Thd plant consists of a cold rolling; and annealing profit Capital shax*es 13 Philadelphia Stock Exchange Pittsburgh Stock Exchange St. Louis Stock Exchange upon payment Pearson of per share of common stock, taxes and preferred dividend Net 24 . financial -position is such that insistence by its of their past due claims would lead to a recovagainst it, and will precipitate a race between the company's > creditors The Income Quotations Detroit Stock Exchange Los Angeles Stock Exchange Harold Pearson, President, said no plan of reorganization, readjust¬ ment-or"; liquidation affecting the property is pending. The action, "The during estimated months —— American Cincinnati Stock Exchange Cleveland Stock Exchange in Federal its petition V creditors taxes three Quarters Ended Sept. 30— conversion Chicago Stock Exchange— $ the company stated it is unable to meet its maturing obligations and desires to revamp its capital structure tp avoid "a loss to creditors and complete destruction of the rights of the stockholders." f preferred months Plan— New York Stock Exchange (Stocks) New York Stock Exchange (Bonds) Bankruptcy-'Act. In income necessarily first 'Profit Page / filed Court the main Net arrange¬ This Issue Stock and Bond f Reorganization - corporaton U. wore 166, p. 1145. The Boston Petition— Federal earnings 'After allowance for —V. 166, p. 945. 31,815 1945 for re¬ Federal Inc.—Earnings— meeting to approve an from 1,350,000 be dividend years' - to 2,500,000 shares 12,394 provision for income months Earnings 59,895 1,313,791 'Before three 13,296 1940—— " prior 40,869 818,774 preferred of containing a floor area of 174,000 story press building containing 27,000 sq. ft.; and a with 21,500 sq. ft. of working space.—V. 162, p. 450. / •///:"/ American Encaustic Tiling Co., is in authorized The before recovery income after three story, steel 136,696 1,171,447 1938 1941 i: view $0.72 taxes. 1946, the firm reported . Profit 193 J— ' . $77,969 — net Federal but the - / purposes. said, $3.50 directors have as yet been made. Stockholders will also be asked at the special increase EARNINGS. YEARS ENDED NOV, 30 1935. a for income 30, This.! company has purchased' for $94&07qP a war-surplus brass strip plant formerly operated- by ;the K.Onoshii' Brass Co. at Kenosha^/ "Vyis., the War Assets Administration? announced on Nov.: 14;, « ments of debentures. . the American Brass share Yearly. However, the rate of dividend the conversion rights, if any, the redemption prices and certain other terms of the preferred stock, as well as the terms and conditions upon which it will be will company for —V. four next bankers with anticipated provisions Billings Unfilled orders y term loan agree¬ $17,425,000 credits quarters of 1947 thereon of the loss for reason $0.76 Federal carryback provisions of the Internal Revenue Code. BILLINGS give present stockholders the right to buy #)$res Of common. heldl'. expects is It before V t9 Months income ended Sept. third taxes of working at the Preferred $10,000,000 166, $1,910,832 '$1,807,810 $1,860,000 for approximately and for . 1946, payments. of 3 Months for Federal 1947—3 Mos.—1946 plans permit needed.—V. Co.—Earnings— months period •* issuance would and when second quarter and the third quarter of 1947 are not comparable all respects. In this connection it can be stated that the profits applicable to the common stock (befote provisions for Federal 1250. Corp.—Plans and in 355,181 $2.1.9 166, issued is if in the 1,588,886 355,181 J together j/t Proceeds-from the sal£ of the new preferred stock will be used to pernor partially, defray costs of a plant Improvement program.. The company * a loss under sions $55,226,547 $49,685,529 355,181 taxes.—V. Ludlum corporation vhqMersv • SvOO.OOO. monthly per —_ nine NOTE—The 1947—40 Wks.—1946 $19,473,733 $19,529,825 305,452 821,169 outstdg. provisions of quirements effect 1947—3 Mos.—1946 stock common dividends share common taxes has provision preferred per the net a upon loan, , tFor made and' will depend, of course, upon the market and other conditions at that time." The company has asked The First Boston Corp. to form a group of use * Earnings structure after and 'After the would shares income taxes prelerred stock, H, G. Batcheller, President, has noti¬ fied stockholders. A special stockholders'-; meeting has been called for Jan. 26, 1948, to vote on a proposed issue of 200,000 shares of cumu¬ lative preferred stock. The company initially? plans to register 107,383 shares of .the new preferred, if authorization Is received from stock- a with Indiana National Bank of Indianapolis The term loan is repayable in 80 monthly installments of -$4,000 each, commencing Jan. 2; 1948, with a final payment of $180,000 on Sept. 2, 1954. The term loan also provides that company shall make additional payments each year commencing wLh 1948 equal to 50% of its annual net earnings in addition to its - Allis-Chalmers Mfg. ;*©ne share/preferred stock -for each 12 BANK TERM LOAN—Company has entered into the par) stock 64,006 of near preferred additional Period Ended Sept, 30, 1947— Net foreclosure. realignment of common been extension an prevent a the to issue - paints and manufacture of wood it shares The which were wood stains, wood varnishes. Company has specialized in and a%- ment, to that in convertible 2093. Stock Sale— household the .;e'.v., Jmprovemcnts, in have (50c Allegheny important of most filleiV surfacers, shellacs iiu} began company • nx manufactured company Sk the-e "w? maturing if the company p. the AND BUSINESS—Company was established Dec. 1, 1899. incorporated Jan. 9, 1905 in Indiana. The company occupies 32 oi various sizes situated on 2>/2 acres of ground, including company offices located at 545 Abbott St., Indianapolis, Ind. with those or outstanding profit at fund. HISTORY f shares Earnings to callable are the prior buildings s has dividends sales 'Net prior Copy a MISCELLANEOUS - purposes the and this agent. leader order stated Period End. Oct. 3— Com. v stockholders," Aldens, Inc.—Earnings— and : no 884,614 only. maturity ■ obligations in Corporation iund lini due now said the company needs management which company :v and against Aireon be stayed pend¬ and paying $• creditors of "that the commencement of suits involving the preferred and of Sept. 1, 1947; due Sept. 1, 1962. Denoms., $1,000 and $500. payable iviarch 1 and Sept. 1 at office of Indiana National Bank of Indianapolis, trustee and coupon paying agent (first interest par obligations petition ing its Paint Dated and protection petition, presented to Feaerai Judge Arthur R. Mellott, revealed company is not in a position at this time to realize sufficient to "cure the deiaults under the secured liens and also pay The Interest on the court, prosecution of that the Offered—City Securities Corp., Indianapolis, in October sinking fund debentures at 100 and Indiana for the INSURANCE - earnings offered $250,000 5% interest. told pending actions ing final decree by the court.", $5,512,260 $18,276,047 $15,379,717 6 INDUSTRIAL - essential Pearson fuvther available. NOTE—Earnings and are 1947—9 Mos.—1946 269,455 per is "It Mr. 1947—3 Mos.—1946 income 'Not PUBLIC UTILITY - Price 75 Cents Corporation and Investment News Vending Corp.—Earnings— Penoa Enci. toep.. „0— Sale.; York, N. Y., Monday, December 1, 1947 , plan. ; 2 Fla.—Stock Offered Southeastern Securities Corp., Jacksonville, Fla., recently offered the unsubscribed portion of 12,500 shares of common stock (par $10) offered for subscrip¬ tion by stockholders. The offering price was $24 per Fire American •: share. BUSINESS—The organization, which is now the company, was founded in 1927 as a reciprocal insurance exchange and operated under the name of American Automobile Insurance Association. After a few months the name was changed to the American Automobile Insurance Underwriters. On Jan. 1, 1933 the organization was changed to a corporation organized in operating under the name of American Fire and Casualty Co. pany is engaged in the writing of fire and windstorm all allied lines, all forms of casualty insurance (including AND automobile coverage on to Europe. to Flonda and Com¬ insurance and comp.ete insurance—and aviation insurance), also fidelity 6 Mos. this directors The over declared have $1,513,755 $1,167,708 $837,839 9,856 25,843 "40,636 13,280 41,644 48,132 1,008 61,412 4,259 36,675 40,934 35,799 968 61,412 20% a stock dividend, payable common record Dec. 29, 16,354 38,278 76,367 17,322 99,690 59,169 above equity- 120.88 107.04 84.72 63.29 18.36 14.54 6.60 91.32 1947 on to holders of record Nov. cumulative already payable of 50 cents each have stock, and another is 14, bringing the total for was also declared, payable 15, 1947.—V. 166, p. 1782. stock preferred of holders to 5.60 68.89 in distributions the common cash quarterly paid to $2 per share, compared with $1.25 in 1946. The regular quarterly dividend of $1.15Va per share 31,977 assets per sh. Non-admitted assets per of company in 1947 is estimated at between $2.50 and after allowance lor year-end adjustments and pro.ilsion established pension fund. For 1946 the company re¬ ported earnings equivalent to $1.88 a share. * Future operations of the corporation will reflect the addition of new facilit.es which, during the next 12 or 15 months will increase brewing capacity by 500,000 to 700,000 barrels, or by 15 to 20%. In addition the corporation contemplates acqu.s.tion or construction of a plant in the East with a capacity of 1,000,000 barrels and, later, possibly a similar plant in the West. Funds for the expansion are ava.lable in a capital expenditure fund, consisting of $13,700,000 in cash an-d government securities, and from earnings. No new financing of the contemplated expansion appears necessary.—V. 166, p. 1470. lor for income record the current Dec. on Jan. the 4%% 15, 1943 The and Gain Admitted assets Gross 121.58 139.24 share. per "Loss.—V. . Plan American Light & Traction Co.—SEC Approves SEC has approved a partial financing plan proposed by the This action, it is said, clears the way for construction a $104,000,000 pipe line. . _ t „r . The SEC's action, it is stated, assured customers in Detroit, Western Michigan and Wisconsin cities of a new source ui natural gu.o uu'vuga the pipe line which the official said a subsidiary company proposes to build from Texas to the Austin field near Detroit. The line, it is said, is expected to be completed by the winter of 1949-50.—V. 166, of 1885. 25 cents be possible to arrange companies in exact However, they are always as near alphabetical order. position as of Cost alphabetical Net at $3 share. per insurance Life BUSINESS—Company was incorporated Feb. 27, Plant and manufacturing facilities at Troy, N. Y. The company was organized for the purpose of developing, produc¬ ing, distributing and selling light weight automotive vehicles Com¬ AND Delaware. in 1947, intends pany call to its vehicle the commercial " - • capacity. Shortly after incorporation, company acquired from all of Joint Venture's assets consisting of tangible Joint the and etock the members of capital $5,537. acquired relate primarily to the an assumed tangible and intangible assets The and intangible aggregate of 200,000 shares (50? par) liabilities of the Joint Venture aggregating Venture so truck. small motor vehicle or . , ' , studies and manufacturing cost estimates, dated Feb. 10, 1947, and April 16, 1947, respectively, prepared (on the hypotheses set forth in such studies) for the Joint Venture by the firm of Cresap, McConnick and Paget, 120 Broadway, New York; and a license agree¬ ment between James V. Martin and the Joint Venture. The "Delcar" is a one-half ton capacity delivery truck. The two consist of a panel-type body and a stake-type body vehicle. Equipped with a panel-type body, it is estimated that the net weight of the "Delcar" as presently pro¬ jected for manufacture will be approximately 1,600 pounds. constructed models by the company proceeds will be used for working capital. The working capital will be employed to purchase materials and finished components for the production of "Delcars," to pay salaries, wages and other production cost, to develop a sales and service staff, to establish a sales and service branch to serve one of the larger PURPOSE—The urban net the Middle Atlantic or New England working capital purposes. areas, other general in CAPITALIZATION GIVING EFFECT states, and for (50? TO PRESENT FINANCING Outstanding (& Sub.)—Earnings— Amerada Petroleum Corp. operating 1946 1947 3 Mds. Ended Sept. 30— $12,019,603 income— $8,468,558 4,799,8'64 Operating Other income Total I Intangible drill, and j- deprec., $5,070,146 132,524 $4,147,549 $7,462,217 -i income 2,382,957 $7,219,739 242,478 income 3,398,412 $5,202,670 $4,220,585 73,036 develop, costs, » expired 3,602,514 2,485,284 2,793,219 Net income $3,859,703 $2,717,386 $1,427,366 ! —V. 165, p. $1.72 $2.45 Earnings per share $0.90 3273. j..*.,. New Service add a the of •_ for Federal income taxes 151,000 (est.)l rights" after 24, Nov. that all certificates for said stock until further notice must be accom¬ and notice, further until and 1947 the subscription rights. As socn as notice is received by the Exchange that the above referred to Registration Statement has become effective, the 4y2% preferred stock will be quoted "ex-rights." The subscription rights will not be admitted to dealings on the New York Curb Exchange.—V. 166, p. 2094. bills due by for W. Products Co., A. P. sales 1947 THROUGH SEPT. 27, 1, depreciation before $521,725 for BALANCE SHEET, SEPT. _t_ (less ____Jyti. Lll\ reserve)_^__ Balance 3,292,801 62,119 \ 2,587,184 161,436 185,000 97,075 86,649 48,588 $9,816,345 $8,208,664 $830,000 $430,000 Sept. standing was 27, earned on $346,281 principal amount of 25-year assented, and after provision for Federal in-j#"' if convertible 6% notes, $6,000.—V. of taxes come statement (No. 6598) filed with the SEC July covering 350,000 shares (no par) cumulative first stock, series A; 300,000 shares --of convertible second stock, series A and 1,355,240 common shares (par $5) withdrawn Nov. 13.—V. 166, p. 1146. was "47,904 760,000 125,000 758,734 2,750,733 1,926,619 $9,816,345 $8,208,664 notes.—V. 166, p. 562. orders for 850-70 ton gondola cars, hopper cars, 250-16,000 gallon all-steel convertible ballast cars, 300-50 ton all-steel cross hopper cars, and 200-70 ton all steel cross hopper cars, according to an announcement made last month by F. G. Gurley, President. This order totals 2,050 freight cars. With the placing of these orders, Santa Fe has a total of 5,128 The tank cars 1,349,770 2,273,195 1,668,544 $2,427,976 $2,067,030 $2,853,025 1,405,172 1,284,901 1,697,926 $2;385,903 1,543,623 costs Total operating Gross $5,126,221 1,808,431 (net) costs__ $1,155,099 $842^279 48,292 57,507 $1,069,245 406,000 income for Fed. inc. tax, $830,421 237,000 $1,212,607 $663,245 . $782T28~ $101,429; fixed 30, payable, $50 $179,296; Federal per Other Admin, sell., etc., Metaline $766,342 $3,357,762 $1,581,441 133,181 632,736 537,442 5,070 2,383 16,859 3,727 108,000 exps. (net) debt expense Realization 21,190,003 $2,969,249 388,513 $1,307,423 96,640 152,971 income Total income 30,823,394 $669,702 61,680 sales. 5,732,463 $455,480 $517,161 on 124,700 350,849 485,651 200,000 130,000 274,018 of on Mining Prov. & Cr22,500 for deprec., depl. amortization and 50,000 contingencies- Prov. for Prov. for loss on rentals future 45,265 146,610 $88,855 $359,469 $0.41 $1,211,349 f, $1 29 24,810 713,970 $0.01 inc. taxes Net profit per - — com. "On 673,100 share common -• . shares outstanding.—V. 166, p. 1574. 100.50 100.75 101 due propose costs construction of serially. Bank National Trust & Co. $422,310 $0.12 of to trustee First National Chicago, National 3ank of Topeka, paying agent. Bend, West Bend, Wis., paying agent. PURPOSE—Corporations appraised total The the net proceeds for the in connection with the re¬ and classrom building. land and buildings included in use incurred valuation the indenture of lien amounts cf to $804,245. Expenditures— should spend more than $250,000,000 for major im¬ and new equipment during the next five to ten years to meet the growing demand for improved and modernized rail trans¬ portation service, R. B. White, President, reported to the stockholders The company provements at 121st their annual stated he meeting. that present net earnings of the B. & O., as to attract the new capital railroads in general, are too low of as required for such improvements. In spite of the greatest volume of rail traffic in the, peacetime history of the nation, Mr. White said that the margin between income and outgo in the railroad industry is less than half of the 6% ' that the Supreme Court has held to be a fair and reasonable return for And he emphasized that a substantial improvement is to go ahead with its improvement ■ ■' 1 Expenditures for road improvements during the current year, he explained, will total about $19,000,000, In addition, in the two years since the end of the war, the B. & O. has placed orders for some $90,500,000 worth of new rolling stock and marine equipment, and this will require a total cash outlay during 1947 of more than $10,- regulated utilities. in net is essential if the B. & O. program. 000,000. In order included The year. the B. freight livered. cars, meet to stockholders, 25,000 232.000 67,000 _ for Fed. 1947; Illinois West of payment well 7,498,484 sold profit 1, Sept. registrar. However, Smelting Co.—Earnings— - goods Price 2V2'f 3 % 3 >/4 % Baltimore & Ohio RR.—Plans Large general wholly owned subsidiary companies) 1947—12 Mos.—1946 Period End. Sept. 30— 1947—3 Mos.—1946 $6,402,166 $33,792,643 $22,497,425 Net sales $7,953,964 of Coupon 1, building of Memorial Hall, a gymnasium Corp.—Calls Bonds— mortgage bonds due Jan. 1, 1961, have been called for redemption on Jan. 1, next at 100 and interest. Payment will be made at The Chase National Bank of the City of New York, trustee, 11 Broad St., New York, N. Y.—V. 166, p. 1782. outstanding the and MATURITIES AND PRICES RATES, 1952 Sept. 1, 1957 March 1, 196C Cont'nental the $6,826,112.—V. 166, p. 754. American Writing Paper of Dated tax income other taxes (accrued), $83,212; preferred stock share), $2,786,550; class "A" stock (declared share), $702,250; common stock (par $1), $91,627; sur¬ per plus, $2,494,573; total, first mortgage Maturity Sept. 100,000 Bank $50 INTEREST $100,000 50,000 $488,604; value OF Amount 1947 accounts and (net), $359,384; inventories, $389,981; other assets, assets (net), $4,401,541; deferred charges, $22,634; LIABILITIES—Accounts (declared SCHEDULE U. S. Govt, securities, $4,700; total, $6,826,112. (accrued), Offered—B. C. Ziegler & Co., Bend, Wis., recently offered $250,000 serial and sinking fund bonds. West $630,495 $727,607 $593,421 BALANCE SHEET, SEPT. Assets—Cash, $1,546,443; receivable 1782. (Trustees of) and Kansas Educa¬ of the Methodist Episcopal Church, Association tional 280,650 income Net p. Baldwin City, Kan.—Bonds $911,145 485,000 166, University 68,865 income Total Hart order.—V. on Baker $4,054,443 46,441 $1,022,803 " profit 250 cards, 1947—12 Mos.—1946 1947—9 Mos.—1946 $4,236,407 $3,416,801 covered all-steel ton placed has company 200-70 Co.—Earnings— American Service Period End. Sept..30— Santa Fe Ry.—Orders Equipment Atchison Topeka & 125,000 3,778,615 758,734 deducting $30,708 U. S. treasury tax "After 1350. p. and 1946 178,540 3,778,615 Capital surplus 166, Co.—Registration Statement Withdrawn— registration The 203,252 630,000 Notes : $0.73 nine accounting periods ended Sept. 28. 1946, after all interest, including interest preference preference 203,431 1, 1937 out¬ profit of $37,650, net a only payable $171,578 shares common stock 233,827 1947 on corresponding the For 360,269 commissions, etc taxes surplus since Jan. 44,366 160,000 1—„ share per 379,563 payable (current) Accounts payable Earned 6,479 acceptances profit Earnings 12, LIABILITIES— Notes payable—insurance co. (non-current) Reserve for contingencies Common stock (221,062 shares, no par) $459,356 76,933 debt funded on on 100,261 deferred expenses— value (life insurance) payrolls, (net) earnings Armour & Accrued 430,175 $453,727 5,629 income Interest there 2,611,821 (est.) surrender Accrued - «. Miscellaneous Net 1,260,398 • depreciation reserve) _j of prior years Federal taxes and 1946 $634,253 2,332,105 36,137" equipment (less Refund Prepaid 30 $869,023 3,660,161 le accounts receivab! depreciation Appropriation to reserve for inventories Provision for Federal income taxes 1947 receivables value 1947 $4,686,565 3,704,046 98,617 - sales of Inc.—Earnings— PERIOD JAN. EARNINGS FOR Total $291,790 Inventories notes until immedi¬ preferred stock will not be determined new 25,239 payable ,i,_ Prov. business on Nov; 24, proposed new issue of ately prior to the offering. The Committee on Security Rulings of the New York Curb Exchange on Nov. 21 ruled that the 4'/2% preferred stock be not quoted "ex- 28,189 "Earns, corporation will revise its North Atlantic flight schedules and new service between Stockholm and Frankfurt via Copenhagen, terms 50,568 notes ... American Overseas Airlines, Inc.—Adds The share of a one 32,950 Customer Int. to to subscribe light $468,298 Cash Prov. ^ the 1947 $526,308 CONSOLIDATED Other a preferred stock, par value $100 for each four shares of 4V2% preferred stock held. The dividend rate, the subscription price and certain other Provision ASSETS— Other for of a registration statement under the this company proposes to offer to the holders of Selling, administrative and general expenses "Loss. Sales Any basis. underwriters of preferred stock of record at the close of 4%% 14,030 Leasing Co. depl. and leases aband. and its 83,394 on Other pro-rata a prior effectiveness 4,962 Gross etc. on group a Rights— on to Act of 1933, Interest Cost Operating, geophysical, geological & admin, exps., lease rentals, taxes, to 77,353 received (Including 1945 $6,530,506 Subject Cost 299,989 shs. 500,000 shs. par) sold be Appalachian also will sell to its parent, American Gas & Electric Co., 30,023 shares (no par) common stock for $10,000,000. The pro¬ ceeds will be used to retire debt and finance construction. Net 44,891 American Zinc, Lead & Gross cash sur¬ Net income Cash would shares income All Authorized stock Capital of stockholders preferred company's unsubscribed income Operating the assets so acquired were: cash amounting to $37,843; one motor vehicle embodying certain patented inventions; parts useful in the manufacture of the "Delcar," such as motors, transmissions, suspension assemblies, wheel assemblies, spindles, spin¬ dle blocks, drive shafts, and universal joints; approximately 250 dif¬ ferent drawings, of various parts of the "Delcar"; certain market described, Briefly excess Total Venture a Joint and issued therefor to cash and property personal : in recovery which "Delcar, features and differs basically from the automotive vehicle with elliptical or coil steel springs and-use of such inventions makes it possible to eliminate a very substantial percentage of the dead weight necessarily ouilt into the conventional motor vehicle of one-half ton load capacity. The elimination of many parts found in the conventional vehicle affords an indicated sharp reduction in manufacturing costs which should permit the "Delcar" to be sold to the ultimate user at prices substantially less than the cheapest truck of comparable capacity presently on the market. Also, the elimination of such dead weight and related parts indicates a reduction in operating costs for the "Delcar" when compared with the standard truck having the same embodies certain patented conventional chassis type . "$565,782 value Land, buildings, machinery and HISTORY r 137,740 $399,101 operating profit Interest York—Stock Offered Frank C. Moore & Co., New York, on Nov. 26 offered 38,000 shares of capital stock (par 500) at $3 per share. The securities are offered as a speculation. The shares offered are part of 99,990 shares covered by a letter -of notification filed with the SEC, of whidh the company as ..of Nov. /12, 1947 had sold directly, without the services of an underwriter and without granting any discounts or commissions, 61,990 shares at 1,098,998 162,489 Sundry charges Inc., New Motors, 6,249,357 1,361,363 expense Provision Provision American l°4fi $6,920,313 9,022,05'2 sales and administrative for depreciation Selling 1°47 $10,945,035 first, mortgage bonds, series due in 1977,-. and par) cumulative preferred stock. The bonds are competitive bidding Dec. 2 and the stock offered initially ($100 public offering. panied (& Subs.)—Earnings, etc.— 30— less returns and allowances sales, Total possible. sold the to approved the application filed by the company to issue has $28,000,000 shares 75,000 delivered American Seating Co. Sundry not always year, 66. p. Interest mechanical reasons it is last 26, Nine Months Ended Sept. Gross 31, Jan. on the directors declared an extra dividend of per share in addition to the regular quarterly of the same A total of $1.25 per share was paid In the current year. render NOTE—For announced practice. Nov. On payable be will —V.. 165, The stockholders, and any dividend then 1948. He said that prior to 1945, the board followed the practice of having all dividends declared and paid in the same calendar year. They are now reverting to this the declared amount. 166^ p. 1573. company. p. Damman, President, in a letter to directors will meet in January, 1948, Milton former share SEC sell and Securities that in unearned prem. res.— share newly Ruling Safety Razor Corp.—Div. Action Postponed American tax increase in Equity income a a to year 27,192 40,568 $27.25 a share. Net $2.70 13,742 35,799 at Co.—20% Stock Distribution— 15, 1948 to common stockholders of Feb. before or on been 40 •. ' to 13.38%, the System inputs, of subsidiaries 226,052,000 kwh., an .increase of 26,the corresponding week last year.— ........ 1947, 20, amounted or 2094. p. Dec. 15 1946 • week ended Nov. kwh., Offering—Smith, Co. and Newhard, Cook. & Co. announced Nov. 25 completion of a secondary distribution of 6,000 shares of capital stock (par $4). The stock was priced & Barney Appalachian Electric Power Co.—Bonds Approved— 1944 1945 fr. p. company Three OPERATIONS Calendar Years End. $788,017 earned underwritingGain from investmentNet profit bef. inc. tax_ Income tax paid Net profit after prov. Premiums 166, 1947. June 30,'47 Profit and Frankfurt; three flights and Reykjavik: two flights Copenhagen, and one flight weekly Shannon, and Berlin, 1250. American Rolling Mill of business. RESULTS OF the For 681,000 V. 166, crease volume London, to Glasgow, Oslo.—V. of may be used legal investments for insurance companies organized in Florida. Such legal .investments will go into the company's investment portfolio The proposed in¬ in capital and paid-in surplus will enable the company to larger to American Power & Light Co.—Weekly Input— PURPOSE—The net proceeds (estimated at $255,0001 the purchase of securities which are qualified as a service Daily weekly for absorb of weekly to Amsterdam, Stockholm, Helsinki, bonds. surety and had, since Jan. 1, 1947, its scheduled flights and had flown-99.5% of its scheduled route miles.";. The company will continue to operate 15 round-trips weekly between the United States and Europe with flying times revised to meet winter operations and changes in routing to cities served. The revised schedule provides the following service from the various co-terminal cities of Washington, Philadelphia, New York and Boston 99% Inc.—Secondary Anheuser-Busch, Vice-President-operations. according to James G. Flynri, 1, Flynn also announced that this company Mr. operated — HISTORY Dec. on Casualty Co., Orlando, & Monday, December 1, 1947 CHRONICLE FINANCIAL & COMMERCIAL THE (2206) rest Orders 13.393 of shortage of. freight cars, has placed orders since the & O. cars, and for -than 20,000 of Mr. White told the 1940 for more than these have been them are equipment since the end of the war have and 7,984 of these have been delivered. scheduled for delivery. before spring of next cars, .Other equipment deliveries included 3 390 bnx ,enrSi units of floating equipment,; 37, steam..freight 97 de¬ new hopper more 35 c^Wyse locomotives, Volume 4 steam Diesel the ten months the remainder for 1947 the year provide net of is income this been correct to this after White reported that "the return for to sustain necessary credit and to Mr. inadequate dividend of owners inadequacy, the property. assuming Orders 70-ton in were The Bethlehem orders 166, Steel the Co. other will in Nov. on be to will build authorize promptly partner will assist and Crofoot in the development by Blair of in the of management the CHRONICLE of these the and Pressed that delivery of next on year.— is aiso partner a Oak of of of owner Pepsi-Cola of have, been the made drawn retirement bonds, the at Lonuon, York, A, offices at of J. E.C.3, England; N. Y.; zerland; of or Banque conditions of the face the value thereof. de Paris British et des Pays-Bas, Exchange Control Coupon retained 164, by Payment will Geneva, Act p. subject 1947 due April 1, 2954. and be ' Months Ended Sept. 30— 1946 1947 $13,727,968 1945 10,590,175 Selling, general Depreciation & admin, 8,545,697 1,227,011 1,083,317 79,205 66,866 63,809 : 9 Mos. End. Sept. 30— Net salts "Net $1,450,620 Other $989,031 $760,123 60,363 112,469 earnings Total Total income $1,510,983 $1,101,500 $895,398 earnings Depr. on plant & equip. 25,921 1,184 9,400 Discount 555,000 440,000 575,900 sundry ___ taxes Prov. Net profit Capital $J20,062 $660,315 409,700 $1.61 $0.76 $2.25 BALANCE SEPT. SHEET, ASSETS— U. Govt, securities Miscellaneous in & affiliated to before 2,12d,732 , Total : $15,707,583 $4,152,014 $4,514,441 $5,774,072 2,336,740 2.336,736 2,336,736 2,336,735 $6.50 of deduction of sundry charges. Reserve for Common $8,325,690 $6,716,806 CONSOLIDATED ASSETS—Cash Canada in BALANCE banks bonds, $100,000; 219,874 11,724 93,108 78,66 7 plan bonds war employees' $91,468; 5,492 contingencies (465,032 surplus since 5,511 6,944 100,000 no shares) par 100,000 1,757,200 1932 deducting Sept. 30, U. S. 1947', $705,660; and SHEET, hand, on 3,799,232 have Treasury savings notes and accrued interest, Sept. 30, 1946, $702,430.—V. 166, p 946. $6,542,637; total, payroll), outstanding Dec. stock 1, this initial stock, common 1947. of President, an This is the company.—V. Nov. on 24 announced dividend year-end payable Dec. first 139, notes, dividend taxes 15, of $5 1947 ever that the share per holders to paid on Dominion 3 Mos. Ended other cash the and accounts reserve), and accounts receivable, finished other $1,894,461; goods'(less reserve), companies and miscel¬ patents (less amortization), payable $7,957,148; (less provision for renegotiation in 1945 & adm. gen. Sept. 28, '46 11,561,999 6,717,246 33,770,576 Other inc. & $404,288; total treasurv common $131,987,935.—V. Boston Edison The tions company for 1,859,236 1,147,913 5,159,424 3,412,409 191,612 579,892 told the Massachusetts $27,000,000 31, credits Treasury savings income, $233,843; stock, $19,610,000; to at cost $10,835,076; cost (125,184 income of not additions The have to pay like a remainder may The will notes $4,228,582 Month of 12,181 Jan. 1 to $56,891,343 of net plant addi¬ issued, F. Manley Ives, counsel, of Public Utilities. He said some been examined and checked by the is seeking to issue notes aggregating will be borrowed by Dec. 15, 1947, and of amount borrowed bear interest demand from time notes to 1%%.—V. at now time 166, outstanding. to up Com. taxes shares per $324,249 $4,159,682 1,670,000 Dec. The 15, 1949. $1,014,303 $204,249 $2,489,682 $423,046 309,109 308,609 309,109 308,609 $3.16 $0.53 $7.67 $0.98 BALANCE SHEET $5,104,197 securities receivable and Federal (less 1,500,000 Other non-current assets Advance on due three reserves) 7,516.590 6, 612,386 refundable 710,000 710,000 1,055,006 16, expenses LIABILITIES— Federal accrued and expenses State Employees' taxes Long-term notes $2,432,833 payable $1,771,668 2.447,771 taxes 6'.c for Capital 376,258 3 5,000,000 1,000,000 ($100 par) (no 1,000,000 surplus 2,640,300 par) applied against stock held 2,640.300 15.455,450 $18,957,655 $17,957,955 depreciation, operating of rates results exchange.—V. as amortization, 166, shown p. in capital dollars other and taken are 1475. this time. took 24 Payments quarters, no of 25 action cents compared as the on each made were with quarterly dividend of $1.37V2 declared, payable Dec. 31, 1947 was 15 cents in the previously 166, p. share per on holders to the Period 288,203 & Ended of record 30— Sept. 3 Mos.'47 Net "After Earns, per 1947—12 Mos.—1946 1947—9 Mos.—1946 $3,408,279 $2,010,482 $4,506,084 $2,434,230 49,986 73,004 69,016 $2,060,468 $4,579,089 $2,503,246 853,400 1,901,600 342,947 342,947 $0.24 $0.57 $0.22 Blair & Co., Inc.—New Vice-President and Director— The t and Commercial a director and of Blair Financial a & subsidiary, has been elected Co., Inc., it was announced Chronicle (Reg. U. S. Patent 1946.— 1946 (& Subs.) 1945 1944 $2,351,456 $1,916,398 $2,185,818 115,272 205,593 515,980 397,211 $2,557,049 244,604 $2,432,378 183.595 101,89» 551,322 450,764 459,520 160,008 177.484 372,161 593,000" 589,000 577,305 $3,628,961 _ 271,787 . 459,055 '< 178,726 - ~ tax (est.) " 976,000 — $1,008,115 $1,031,535 $1,072,137 2,068,270 2,068,270 2,068,270 2,068,270 $0.84 $0.49 $0.50 $0.52 outstdg.share per Celotex Corp.—Debentures Offered—Paul , Office) H. Davis & Union Securities Corp. and associates on Nov. 21 $3,000,000 3*4% debentures (issue of 1947) due Aug. 1, 1960, at 97 V2 and interest. to sinking a annual average not prior to maturity. time less in principal fund minimum of than in or earnings, on which than more at the part plus thereof on option least accrued at with guaranteed a provides 75% of of 30 for the the days' interest. retire- the on has New agreed York will, in protect carrying at notice Trustee, the at Bank of net extent will make application list to the Exchange. amount necessary, be to approximately applied to $2,814,885 of payment tern* the principal amount of $2,500,000, originally obtained working capital requirements of the company while the the out facilities proceeds the to loans to Stock and expansion the proceeds and acquisition will be improvement of added additional to the of its plants. general manufacturing The funds of CAPITALIZATION, GIVING EFFECT TO PRESENT $1,202,068 $2,677,489 $1,378,362 594,298 534.298 534,298 594.298 54 balance the of company. FINANCING June 138,484 outstdg.- stock 29, share— com. $3,38 $2.02 $4.51 $2.32 92,928 above) amortization.—V. 84.220 122,892 The 166, p. rigid at exterior is engaged 256,862Vz shs. 1,500,000 shs. 905,472 shs. incorporated in Delaware building material business was in the in the rigid insulation board and acoustical principal products which it sells consist of roofing, gypsum and hardboard products. The insulation juice 3,000,000 500,000 shs. BUSINESS—Company Merrero, insulation, products La., has are principally been manufactured from extracted sheathing, plaster base, bagasse, from insulation is also utilized by the at the company's fibre remaining and are used interior finish, roof sugar exterior for insulating refrigerating building and insulating purposes. Rigid '851. AND 3,000,000 par) acoustical, the other (no industry. plant $4,592,000 1947)- (par $20) Company the largest factor is "148,803 of 1935., insulation, for (Issue preferred stock Common Outstanding $5,000,000 debs., due Aug. 1, I960-- debentures cum. cane, and equipment the company and in for various the manufacture of various building materials such as Celobric, a brick siding, manu¬ at Metuchen, N. J., the surfaces of which are coated and impregnated with asphalt and one face covered with mineral granules. Another such product is Cemesto, manufactured at the same plant. factured Period End. Sept. 30— earnings charges & per after 1947—3 Mos.—1946 com. Cemesto covering, $718,413 $1,787,716 $3,031,599 $5,902,483 $0.47 $1.24 $2.05 $4.12 share- 1,381,184 on 1947—9 Mos.- -1946 all reserves common shares outstanding.—V. 166, 1886. p. major Memphis, portion of a partially completed surplus Tenn., has been sold to this company wartime $100,000, War The duct Assets purchaser a research Memphis facility a Administration will program as a land in engage pilot site new Which announced cellulose guarantees on plant operator, partial about The halts acres, the plant of consists con¬ the of & B. Dana. Company, of forms rock and wool and other interior for types surfaces. insulation such pneumatic . as ap¬ the majority of which is Ind., and Detroit, Mich. Lagro, secured asbestos-cement an houses granulated insulation, at with in exterior of framing, C. Webster be $575,000 575,000 Inc.— of the from other manufacturers. underwriters purchased & the and are as Hornblower & Weeks prin¬ follows: 250,006 150,006 150,006 The 150,006 Milwaukee 250,000 Paine, Stein Co. Co each Kebbon, McCormick & Co. 250,000 Republic by Laurence M. Marks & Co. 250,000 Allyn & Co., Collins to Securi¬ (Inc.) Julien names debentures ties Corp. A. William product sections complete its plants products is Union Securities Corp Central for occupancy. roof fill-type Paul H. Davis & Co a digester building 657c complete, a steel frame bleach -66% complete, a steel frame dryer building within 20% being finished and a masonry locker rooms building that is more ready from of amount steel-concrete than 80% insulation and provides UNDERWRITERS—The cipal and use such structure of wall company sells various for insulation between balance Stone two for loose for plant. of fibre cane at 14. developments the a used The war Nov. is construction .and plication, and being supplied Buckeye Cotton Oil Co.—Buys Gov't Plant— The of & Webber, Co Jackson Curtis Bros. 250,006 & Boyce r debentures company York. LISTING—Company to or Redeemable whole amount based requirement, 50% 50,000 100,000 Publishers, 25 Park Place, New York 8, N. Y., REctor 2-9570. Herbert D. Seibert, Editor and William Dana Publisher; Seibert, President; William D. Riggs, Business Manager, iPublished twice a week [every Thursday (general news and advertising Issue) with a statistical issue on Monday]. Other offices: 135 S. La Salle St., Chicago 3, III. (Telephone: State 0613);. 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smiths Copyright 1947 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 M arch 3, 1879.' Subscriptions in United. States, U. S. Possessions, Territories and Members of Pain American Union, $35.00 per year; "in Dominion of Canada, $38.00 per year/ Other Countries, $42.00 per year. MOTE: On account of the fluctuations In the rates of exchange, remittance for foreign subscription s and advertisements must be made In New York fundi. , $2,583,023 $1,743,393 shares after Occupying Co., allow¬ in 482,053 profit Earnings 986,400 (net) Bristol-Myers Co. (& Subs.)—Earnings— 76,900 charges, including depletion, depreciation, cost of abandoned wells and leaseholds, and estimated Federal income taxes. —V. 166; p. 851. Vice-President Net Capital products $811,994 196,974 342,947 founder of T. & ,C. tAfter $950,651 $3,031,636 income-_ Income.. HISTORY tax tax (incl. "Includes deducting all E. J. Crofoot, gain Federal inc. 3'/44 $2,009,471 inc. shares Deprec. 1947—9 Mos.—1946 $1,153,950 85,514 shares and $19,084,854 $13,237,418 $10,211,131 $10,734,007 16,053,218 10,885,962 8,294,733 8,548,189 income 15-year 3'4% in¬ profit Capital 263,953 $431,119 _ outstanding-_ Earnings per share , 1947 sold- sold charges Depreciation Depletion Dec. 1.450,000 before profits "Earns, profit Capital metals Other miscel. taxes Wis. Excess 7.193,736 754. income Sept. 30— metals Operating and profit "Based ?Net subsidiaries. 1947 1783. $3,459,471 (less Bishop Oil Co.- -EarningsGross such in preferred 51,192 inc. come $38,503,092 $35,201,773 p. of and dividend common months. charges) Net 166, Cost bank Nov. on usual Other 250.000 8,637,277 surplus Total -V. from debentures . Earned Rev. at in treasury Capital surplus of $970,239 Calumet & Hecla Consolidated Copper Co. 9 Mos. End. any Briggs & Stratton Corp.—Earnings— 15,430.450 225,000 stock books per of 1148. ment Period End. Sept. 30— Net profit from oper.— 250,072 5.000,000 inventories preferred stock Common $2,326,811 1,401,594 withheld Reserves 4,851,310 $2,195,185 revenue preceding Fed. payable and for $7,178,121 5,735,738 estimated 1947—V. $38,503,092 $35,201,773 Reserves $7,930,923 Sept. 30— three Net Total Accounts assets net depreciation p. offered 1946 435,535 deferred $3,206,818 Authorized 551,496 287,249 and 982,145 • additions and betterments to company's physical proper¬ ties.—V. 165, p. 3276. the 1, 500,000 royalties 11,936' 1.676,050 1,270,763 California Water & Telephone Co.—Sale of Bonds Ap¬ proved—The California P. U. Commission on Nov. 13 authorized the company to sell $1,000,000 first mortgage 3% bonds, series due 1971 to Northwestern Mutual Life Insurance Co. at 98 V2. Proceeds will be used to finance New at each 5.' 119,782 15, 775.939 (less income payments 31, '46 15,819,845 equipment on . 5,083 1,676,050 (outstdg. 97,818 shs. $4, 44b,605 6,510.205 reservesi _ taxes operation revenue directors stock Sept. 27, '47 Dec Government Inventories Plant 1947 Bridgeport Brass Co.—Omits Common Dividend— The ASSETS— Accounts for 166, (& Subs.) 325,000 Cash S. net "Includes $748,046 120,000 outstdg share 134,811 $3,845,861 PURPOSE—Net 655,000 COMPARATIVE CONSOLIDATED U.. years Total Co., from NOTE—The 40,885 $1,669,303 taxes income Earnings year 1990. p. expenses Aggregate net The Net current company be earnings Estimated $24,678,337 Dr68,900 46.866 328,136 income: on accrual, Capital stock, no par value surplus Total had charges. Dr27,583 1946 $355,010 79,412 Earned Other September— "Operating $707,161 $43,738,474 1947 (4,000 been Department 1 , $3,206,818 $486,418 Federal Prov. for Fed. inc. i taxes shares), 2100. p. " 1 payable Estimated S. preferred stock 166, 1947, $15,000,000 of which $6,000,000 577,973 $312,068 ineti- exp. before 49,841 expenses Co.—Financing— Aug. on which securities had average Profit, 709,068 $3,845,861 Non-recurring 19,980,794 Depreciation 50,920 847,465 — expenses Entitled $8,368,839 exps. 1,363,700 95,457 equipment LIABILITIES— (including ac¬ income, 1947 and on U. $12,309,620; paid-in and capital surplus, surplus, $54,744,974; preferred treasury stack at Dr$900,423; Gross 9 Mos. Ended $1,696,886 Sell. 1,621,435 54,902 and accruals taxes for deferred $13,275,366; $6,094,739; 3 \'i % cumulative shares), $413,694; $131,987,935. of $15,309,471 excl. depr. 649,-076 com¬ 191,350 Cost of sales, 60,062 878,476 — Accrued & discounts $324,150 of (less advances Brazilian Traction, Light & Power Co., Ltd. Sept. 27, '47 Sept. 28, '46 Sept. 27, '47 after sales, 1946 $348,126 int.- Total V. —Earnings— •Period— 30 and 1947 stock, common 3149. p. 30, $29,452,337; traveling $51,510), earned Bigelow-Sanford Carpet Co., Inc. (& Subs.)—Earnings Net SEPT. for "Equity in SEPT. $8,231,881; and years used Kendrick, declared Federal receivable—customers officers' notes LIABILITIES—Accounts crued prior 2,877,777 $3,716,806 Benjamin Franklin Hotel Co., Phila.—Initial Dividend Freedland accounts and other Department"? staff. directors 244,545$4.38 Brands, formulae, and goodwill but 1.341.093 $8,325,690 "After charges, $1; £>r209,081 1,332,228 31. 1,757,200 Dr212,860 value) Dec. SHEET, $2.45 expenses, investments, $340,524; property, plant and equipment (less depreciation, $12,640,771), $28,992,113; prepayments and reserves, 6,132 stock selling for reserve $527,697 85,902 allotment $1.93 and amortization, materials, supplies, work in process and $40,694,409; stocks, bonds and notes of 536,821 payroll Treasury stock (declared Capital surplus the depreciation, 1 taxes under Prepaid tNot available. 181,834 Miscellaneous record $1.65 administrative receivable, withheld—other withheld for employees on factory, 824,476 etc income and 329.956 $428,814 1947 tProperty, plant, 44,453,413 taxes— $23,466,291; $772,435 wages, Federal 26,236,680 share— deferred expenses, accrued 569,241 shares— goodwill, Amounts mon 2,481,034 8,750 payable—trade 'Accrued 367.538 $582,071 $5.95 BALANCE ance LIABILITIES— Accrued (net) surplus-—- on Prior after deduction laneous W. 9,597,450 161,084 charges Accounts earned - Federal taxes__ 184,616 reserve) 568,069 & 9,983 Goodwill Earned 484,135 1 Deferred (less to share per Accounts 710,562 8,7o0 co 1 assets Taxes 2,101,492 1,665,931 assets Fixed inc. per com. 2,763 3,254,217 advances $758,770 293,454 transferred hand and demand deposits U. S. Treasury bonds at cost, plus accrued Customers' accounts and notes $8,510,914 $33,647,007' $53,041,270 1,393,731 2,327,817 2,244,544 1,198,394 receivable inventories Investments 2,085,640 1,085 int. inet) $124,132 1,035,778 1,746,137 plus accrued cost, accounts Merchandise Other at receivable—trade income on 7;521 $949,609 income on "Investment in capital stock of subsidiaries 1944 and Fed. common "After 1946 $369,192 S. est. inc. of Earns, 30 1.947 Cash Accounts $28,117,086 charges for Net No. COMPARATIVE 21,794 taxes ASSETS— Cash 409.700 outstandings share per sales on Canadian $310,097 408,700 shares Earned 1945 46,233 $751,243 (net) dividends Earnings 5,758,216 51,288 135,274 income Other charges and deductions Provision lor Federal income 1946 -$205,881,315$102,515,346 t t profit__ 27,228,389 7,544,544 $32,891,260 $52,090,758' 888,698 966,369 755,747 950,512 operating Other 1947 Cash 1946 $3,555,698 7,145,072 $927,815 before Federal allowance Borg-Warner Corp. (& Subs.)—Earnings— 8,877,816 1,607,968 expenses 1947 $8,124,175 receivable, less losses—-u_. Inventories, at- the lower of cost or market—_ . $10,828,607 $10,785,067 income Net income the may 30— operations to to 1948 Sept. Provision for Federal taxes be Henry Schroder & Co., 145 Leadenhall St., of the Chemical Bank & Trust Co., New Suisse, Zurich, Lausanne, or Geneva, Swit¬ the Enemy Act 1939. the holder thereof.—V. from Income or Credit of or Redemption— for redemption on Jan. 1, 1948, for account £21,000 5% mortgage and collateral trust fund, series California Ink Co., Inc.—Annual Report— Ended Sales, less returns and allowances Cost of goods sold, selling, gen. & adm. expenses Provision for depreciation Other Bolivia Ry. Co.—Partial the 9 Years Profit Trading with Belding Heminway Co.—Earnings— (The) present 2094. income quarter third additional (2207) indus¬ new company's Farms, a dairy firm in Bottling Co., Sacramento, Calif.; Gobies Dairyland, Wichita Palls, Texas, and partner of Rice Mill & Warehouse Co., Tuckerman, Ark.—V. 166, Tuckerman the 1990. p. He Texas; There for 2,000 it is expected the Mr. Dallas, further heavy increases on the industry, we hope 1,000 and by Inc. p. by the B. & O. Mr. White. thousand, completed 25. enterprises FINANCIAL subsidiaries—Pepsi-Cola Bottling Co. of Los Angeles and Lucky Stores, application." our 19 according cars, Car Co, both sought placed hopper Steel V. rates Nov. on & no costs and taxes are imposed Interstate Commerce Commission will increase first the for $6,000,000 to be increased somewhat during all expenses and other obligations operating the units COMMERCIAL trial than more likely year, met, plainly of is year the of have a "To full locomotive passenger cars Although in THE Number 4651 passenger locomotives, 28 for passenger trains. 25 and 166 1 4 1946 Apr. 30, *47 returns <Xc $20,693,859 16,214,301 15,234,938 21,291,370 13,809,620 property ™___ Sell., ?""■>. & adm. exps. 383,147 555,537 2,637.659 4,129,922 3,803,987 accts. 4,065 23,668 7,402 $4,815,602 $7,109,567 466,810 $1,413,451 241,732 $7,576,378 $1,655,183 339,967 304,992 $1,102,383 364,456 * of Prov, for doubtful * profit Gross — income Other Total 135,061 -— $5,010,664 200,820 income deductions; Income Fed. exc. pro^. Other 3,383,651 161,068 511,492 103,579 $25,868 $45,629 10,090 5.177 $59,542 8,4.4 $68,036 4,516 —_ 199,115 income Other Total Federal $33,377 $31,045 247 108 taxes— Net 19,107 17,204 19,701 $13,731 $43,819 proceeds 280,530 fixtures 394,720 38,580 25,604 $3,946,041 $460,557 $393,212 and $2,912,258 GIVING CAPITALIZATION, EFFECT TO unamortized funded debt refunded during and premium redemption "Of etc., applicable to Central Maine Power Operating revenues ___ Operating expenses: ,' Steam generation and expense, Outstanding Co.—Earnings- 129,609 1,763,889 1,095,171 271,083 3,584,760 3,065,733 1,211,491 140,104 162,206 155,695 1,350,439 1,892,416 78,848 154,100 1,839,688 2,000,548 municipal. other than 127,602 116,381 1,479,915 1,363,834 income— 27,275 24,440 314,309 293,871 $311,068 $451,452 $4,824,358 $5,026,055 1,165 4,344 35,969 120,672 ,- — deprec. "Fed. income taxes— Taxes (other than Fed¬ 1,810,613 Federal — taxes Net on (net) income Non-oper. $4,860,327 $5,146,727 124,724 125,400 1,498,216 1,649,663 0*15,964 Cr2,369 Crl24,548 45,274 2,585 11,854 74,156 89,499 interest (net) Other interest deductions Other 67.023 requirements— div. Pfd. special equivalent "Including 804,412 $3,362,291 1,105,908 Co., Columbus, Ohio—De¬ — The Ohio Co., Columbus, Ohio, in offered $150,000 12-year 5% sinking fund (with stock purchase warrants attached) September debentures £31,250 The 1, 1947: due Sept. 1, 1959. Ohio National Bank of Columbus, Ohio, trustee. Interest payable semi-annually (March 1 and Sept. 1). Callable on 30 days' notice as a whole or in Sept. Columbus, at prin¬ amount 1, 1949, Sept. 1, 1951, 104; thereafter and part, otherwise than through the operation of the sinking fund, cipal amount and interest plus a premium on such principal in accordance with the following schedule: On or before Sept. thereafter and on or before before Sept. 1. 1953," 103 Va'; thereafter and on or before Sept. 1,'1955, 102 V2; thereafter and on or before Sept. 1, 1957, 102; there¬ after" and on or before Sept. 1, 1958, 101 Vi\ thereafter without 105; or on subject to redemption through premium. Such debentures are also the operation of the sinking fund. V* BUSINESS—Company was incorporated in Ohio April 1, 1947, it acquired and took over a business 1928 and operated from that date as an individual proprietorship by F. H. Groezinger doing business as Gen¬ tral Ohio Distributing Cq. Company now has one wholly-owned sub¬ sidiary, The Rickly Pack'ng Co., Reynoldsburg, Ohio, which it acquired as .of Sept. 1. 1947. Company is engaged in the wholesale distribution of canned and packaged food products to grocery stores, confectioneries and restraurant3 located in Columbus, Dayton, Zanesville and Lima and within a radius of approximately 45 miles of such named cities. Company has franchises for the distribution and sale of certain na¬ tionally advertised products. ii AND HISTORY 1947. As of establ'shed m March 26, holders to have the present reorganization plan drawn up by the ICC, They have argued one new a L. Igoe refused to shares stock (no par) of which 20,000 shares have been issued outstanding and are owned by F. H. Groezinger. Of the uh'ssued shares, 7.500 shires have been reserved pursuant to the rights of the holders of the stock purchase warrants which are attached to $150,000 of 12-year 5 % sinking fund debentures due are 14,000 ..Sept. scrapped appealable order, initiated fruitlessly to the end came ICC The and nection p. proceeds used be will for of addition other (b) —V. build'ng the to and and meat 166, be to products addit'oual and used in the manufacture of sausage balance added to working capital for Central Ohio Distributing Co. the 1148. p. of Int. is shares 40,000 •underwriterbe will utility.—V. f ($100 wi 1 par) cumulative r'etermined be for used property by additions preferred. The competitive bidding. Proceeds and expenses. Business, public 166, p. 1886. Century Food Markets Co., Youngstown, Ohio—Stocks offered 8,400 shares of stock (par $20) 16,800 shares of common stock (par $2.50) in units of one preferred share and two common shares at $25 per unit. . > . Offered—The company recently 5% cumulative sinking fund preferred and • 4,200'units were purchasable through Beadling & Co,, Robert W. Forcier Co., Butler Wick & Co., and The S. T. Jackson & Co., all of Youngstown. Ohio. The balance' (4,200 units) was offered direct. by the company. In addition, the comohnv offered 10,000 common" shares to employees Of the total, and-associates agent and ( $2.50 National.Bank Union • at registrar. . per of share. Youngstown, •»'* Youngstown, Qhio, • , transfer • - organized in Ohio June 13, Markets, Inc.,This corporation was dissolved as of Dec,- 31; 1P43 and a partnership formed on Jan. 1, 1944 known as Century Food Markets Co.. which carried on operations to June 15, 1946. Under date of June 10, 1946, Century Food Markets Co. was incorporated in Ohio and on June 16,; 1946, this company succeeded the partnership, and operations have been carried on under that name thereafter. Company has one active wholly owned subsidiary which as Cqnturv Super , food supplies independent supermarkets. stores with produce as well as Century business of the corporation is the operation Of super¬ markets, engaged in the retail sale of groceries, meats, meat products, produce, vegetab'es, fruits, dairy products, sea foods, tobacco, house¬ hold supplies and related items. The principal The ia are corporation operates eight Youngstown,' made on a StrUthefs cash and and carry supermarkets of the self-service type Ohio. Sales in these stores Warren, basis. ;V ; " central warehouse at 1421 W. Federal Street, Youngstown, Ohio, of 30,000 square feet capacity, from which the company di-tributes merchandise to its stores, •with company owned ahd operated " trucks. Company operates a 193,907,939 82,471 128.843 105,824 3,916,496 59,723,147 5,370,523 8,778,063 13,498.885 5,326,868 79.808,333 11,810,032 18,128,276 17.109,663 24,105,800 22,638,354 15,302,902 14,718,496 20,371,604 19,708,531 358,571 358,571 478,095 6,300,000 6,305,245 8,400,000 358,571 8,563,510 1,125,000 1,125,000 1,500,000 1,500,000 42,379 71,156 31.577 70,844,650 94,181,878 depreciation.. disct. expense unfunded on other and debt deducts— 86,34.3 to construct.. chgd. Federal Fed. debt debt of and Int. plant Cr454,752 Cr227,400 Cr492,352 Cr311,650 taxes— 14,386,100 13,281,600 18,858,400 17,055,200 income prof, exe. Cr2,561,000 taxes. Charges equivalent Federal tions to reduc¬ tax applied as a— of Write-down intan¬ Cr80,163 gibles « Write-down service to Springfield on the same date we opened our route to Kansas City," Mr. Stewart said, "In line with the recent industry trend, we were in the process of arranging a consolidated operation with American Airlines at Springfield Municipal of debt tized unamor¬ & discount expense sales — losses of Reduction of .L_ 3,222,179 on 307,000 properties Airport. Municipal Airport Commission, through its Chair¬ man, J. A. Nickell, has taken the attitude, however, that we either rent space in the terminal—space we wouldn't need, since American Air¬ lines would be in complete charge of our operation—or pay a premium fee for the privilege of landing at the field."—V. 166, p. 2101. Springfield "The Consol. Earned —V. The proposes company shares 204,000 offer of ratio in one in an ($8.50 par) common stock to common share lor each 10 owned. There will The will money in made used be ing be no a and accrued Stockholders dividend —V. they $105 for redemption on Dec. 30. next, at dividends of $1.25 per share to Dec. 31, the redemption to 166. Co.—Partial Redemption date may do so on Staunton, Inc., Rich¬ Inc., Lynchburg, provided ($160) The of for this in inadequate 1946, from of Oct. on 1, 1^47, the to date for $1,701,243 1,409,366 $1,501,265 1,186,024 •—*— $291,877 62/701 $315,241 62,600 $764,591 223,604 avail, for int., etc. $354,578 $377,842"! $988X96 taxes income income Divs. on c&p. stk- ••'■•' ,214,906'. (par $100)-——— "^"$675,06B , 114,550 458,202 .,458,202; . 114,550 ' X j'1,; investments-! in, SEf'T. 30; 1947 SHEET, and Covington. and property $17,115,074. X _ > - ? . $77,269; total, ..' series A, . • , 3%; due 1969, ,j $6,730,^ liabilities, $2,130,606; contributions for line extensions, $41,701; capital stock (par $25), $5,727,525; capital surplus, $942,376; earned surplus, $1,542,865; total, $17,115,074.—V. 166, p. 756. ^ 000; $500,000 175,000 ■ ,, LIABILITIES—First mortgage bonds, current Consolidated Cement Corp.—Earnings— 9 Months Ended Sept. 30— — ' $14,852,453;, (net), erties, $2,500; current assets, $2,121t051; deferred: items, 500,000 286,500 "Except as restricted by the provisions of the Indenture. HISTORY AND BUSINESS—Present company resulted from a merg¬ er consummated in 1929 between the Clifton Forge Mutual Telephone Co. and Waynesboro Mutual Telephone Co. Operations of the merg¬ ing companies have been continued and expanded by the company. . Company now furnishes local telephone service to the communities of Covington, Waynesboro, Clifton Forge and Iron Gate, and to sections of Alleghany, Augusta, Botetourt and Nelson Counties, Va., adjacent to these communities. J It also furnishes long distance service to these communities and maintains direct toll circuits between Clifton Forge $873423 .19^,053 $773,287 subsidiary companies, $61,800; funds realized from retirement, of prop¬ Outstand. Authorized ■'Unlimited; $350,000 ' 49,203 $32(T6~38 BALANCE" ASSETS—Plant' $703,034 "170,088 56,975 ! income! Net ' $297,602 deductions...--— Total reimbursement of the company's. current funds to the extent that account has been reduced to finance the capital im¬ provement program. • . v . : - -v CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING —- 1947. of July 30, 1947—12 Mos.—1946 $5,718,037 $5,134,823 4,953.476 4,43,1,,788 1947—3 Mos.—1946 Sept. 30— and oper. Bal. including bonds Cumulative preferred stock Common stock (par $100) suggests that rate of $6 a distribution as for revenues.._ oper. Other , mortgage of energy of subsidiaries business conditions ol the week ended Nov. 20, 1947, amounted to as compared with 284,449,415 for the corresponding week increase of 39,961,012 or 14.05%.—V. 166, p. 2101. an Expenses . First repre¬ Edison Co. plan, the committee the preferred at the the plan submitted by Commonwealth served, Period End. Total \'/~ P.URPOSE—Company contemplates using the proceeds ($660,562) for (1) payment of $156,980, being the cost of redemption on Nov. 1 1947, of all presently outstanding 3% and 3V2 % first mortgage bonds; (2) payment of $18,417 being the cost of> redemption of 175.4 shares of outstanding 6% cumulative preferred stock at $105 per share;: (3) payment of company's $110,500 short-term bank loans,- and (4) payment of $374,665 toward the cost; of completing capital improve¬ ments, to the holder.s rights of the Community Public Service Co.—Earnings— Net *• of weekly kilowatt hour output of electric corporation, adjusted to show general 924,410,427 Privately—The company has sold to an company $500,000 first mortgage 2%% bonds • "grossly was equivalent dividends pay the in territory Bonds Placed 1, 1972. preferred Weekly Output Increased 14.05%— trar. due Oct. this consummation annually share sinking fund purposes), in whole or in part at any time upon 30 days' notice at following prices plus dividends: on or prior to Oct. 1, 1952 at 103 per share; thereafter on or prior to Oct. 1, 1957 at $102.50 per share; thereafter on or prior to Oct. 1, 1962 at $102 per share; thereafter on or prior to Oct. 1, 1967 at $101.50 per share; thereafter on or prior to Oct. 1, 1672 at $101 per share; thereafter on or prior to Oct. 1, 1977 at $100.50 per share; and thereafter at $100 per share. First & Mer¬ chants National Bank of Richmond (Va.), transfer agent and regis¬ insurance of equitable 0.60 common shares of Ohio and Pending and dividends. (except and Commonwealth only) 1,750 Redeemable fair preferred stock." The proposed amendment provides for a distribution to the pre¬ ferred holders, in full satisfaction of all rights, of 2.70 common shares of Consumers Power Co.; 0.55 common shares of Central-Illinois Light Co., Scott, Horner & Mason, the holders to that after consideration of the testimony Commonwealth in support of its own plan, proposed distribution of the assets of Common¬ pointed out presented by that the accrued and after Dec. 1, 1947. Va., recently offered (to residents of Virginia shares of 4V2% cumulative preferred stock at par to the committee the sent 1784. p. Unfair Files Amendment Propos¬ stock found wealth 1947, shares of 5% cumulative preferred stock. desiring to receive the redemption price plus $1.92 Greater Share in Distribution— a exhibits and 4,041 of total $2.08 Warden. A. 1352. called has company share per $1.39 protective amendment finance a construction program. The early' actiom sd'that* thfe! offering may-be Graphite Bronze $1.56 2101. p. preferred The Cleveland 26,370,007 committee for holders of more than 360.000 shares of of the corporation filed Nov. 21 with the SEC an plan of the reorganization of the company. The committee is headed by Edward Hopkinson, Jr., senior partner of Drexel & Co.; James E. Gowen, Marshall S. Morgan and Clarence A "stock¬ to asked the SEC for January.—V. 166, p. 28,566.899 Commonwealth & Southern Corp.—Plan Called underwriting. company 19,104,961 sh com. per 166, 21,396,214 income... to Preferred Holders—Group Co.—To Offer Stock— application filed Nov. 20 with the SEC Cincinnati Gas & Electric to net . BUSINESS AND.HISTORY—Company was 1940 144,347,469 215,000,161 94,840 10,264,391 funded on Amort, Vice-President, and T. M. Miller, General Traffic Manager, announced jointly on Nov. 22. The corporation's decision to postpone service to Springfield is the outgrowth of what Mr. Stewart described as j'a discriminatory atti¬ mond, Va., and SEC and names of the 1947—12 Mos.—1946 3,957,692 taxes utility service'to Sprinfield, Mo., S. A. Stewart, Executive Forge-Waynesboro Telephone Co., Va.—Preferred Stock Offered—Mason-Hagan, (i The company on Nov. 21 filed a registration statement with the covering $6,000,000 first mortgage bonds, series B, due 1977; . (& Subs.)—Earnings- 161,746,263 operation for Prov. Int. Clifton with SEC— C. Allyn A. Amort, of additional cost caoital working Central Power & Light Co.—Registers ■ following purposes: The First Boston State, local and misc. Air Lines, Inc.—New Flights— This corporation will offer two non-stop round trip flights between Memphis, Tenn., and Kansas City, Mo., when service is inaugurated Dec. 1, due to its decision to postpone indefinitely the opening of The net loan of $80,000 to The Rickly Packing Co., approximately $75,000 which is to be used for the erecting and the equipping of new a income Federal 1784. the company^ "We had made plans to inaugurate are Weld & Co., Sons, & 161,029,097 143,419,888 213,612.590 192,552,403 717,166 927,581 1,387,571 1,355,533 Maintenance toward White, Inc., Co., 1947—9 Mos.—1946 income Other Chicago & JSouthern tude" Union Securities Corp. Brown Operation—Pwr. pureh.. Gas purchased exceeding $3,450,000 equipment-trust by the Old National Bank in Evanstrustee, and sold at 99.5407 and accrued dividends in con¬ with the procurement of certain new equipment.—V. 166, as no Rirley & Alex. Inc., Total in respect of not certificates, series E, to be issued ville, are common total a been participating with Co., Other Illinois RR.—Equipment Trust Ctfs. authorized the company to assume obligation 7 Nov. on has Operat;ng revenues liability and There stock of the company from price of approximately $9,000,000. acquired for investment by certain immediate plans for the resale of the the for J.) Commonwealth Edison Co. Court which the appeal to the Supreme of its trail.—V. 156, p. 1991. of ) (N. stock Period End. Sept. 30— back to the ICC for revision. security holders appealed to the Circuit Court and won an order which .forced Igoe to enter the confirmation. The stockholders meanwhi'e, contending Igoe's initial refusal to confirm -was not an 1959. 1, PURPOSE—The (a) by- Equitable Securities Corp., John W. Clarke, Inc. and Stifel, Nicolaus & Co., Inc. The company is a natural gas p'pe line transmission company which furnishes all the gas for Pubi c Service Co. of Colorado, Colorado Fuel & Iron Co. and var.ous other enterprises in the State of Colorado. that the confirm the reorganization plan Oil Co. Harriman Corp., and senior The pf common and Acquired Co.—Stocks Gas stock. Firms take Judge Michael ordered it sent (42Va shares institutions. is based on the road's prewar eamhigs, whereas it should into consideration increased wartime and postwar revenues. This contention has been both denied and upheld at various times in the U. S. District Court but has been consistently rejected on appeals to the Circuit and Supreme Court benches. There are no other appeals pending. The preferred stockholders' act.ion in effect was an appeal from an appeal. Early this year Federal plan holders capital stock consists of 34,000 CAPITAL STOCK—Authorized issuance Interstate preferred common ruling was a refusal of a request from the preferred stockholders that the court reconsider its previous decision. Trie reque t was the last of a .ong series of attempts by the road's present The at 100. Dated an 665. p. Standard Chicago & Eastern Offered bentures special a the for group of investment houses, headed by Union Securities Corp., purchased 10 000 shares (30%) of the 6% preferred stock and A has Supreme S. U. ganization by refusing for the second time in a month to review the case. The high court on Oct. 20 denied a petition for a hearing filed by the road's convertible bondholder and preferred stockholder groups. charges.—V. 166, p. 1991. Ohio Distributing Central $3,412,503 $320,911 67,023 $200,888 income Net $455,796 $312,233 ""'"'dross income Bond Refused Court on Nov. 17 removed what attorneys said the last' legal barrier to the completion of the Rock Island reor¬ The and income oper. 166, at into - Co. Colorado by High Court— junior security eral income): and entering Glass Bankers— 399,049 — —V. 8,400 shs. 122,576 shs. 25,000 shs. 1^0,000 shs. $4.06 74b,~ao, meeting to be held on Dec. 19 will agreement with stockholders of Obearof shares of authorized but un¬ issued Clinton Industries capital stock in exchange for at least 80% of the 300,000 shares of Obear-Nester stock at the rate of 7/10ths of one share of Clinton Industries for each share held. stockholders Nester PROPOSED FINANCING Pacific Ry.—Review Chicago Rock Island & was s;: v Common 110,956 ^•Maintenance State shares 1886. 166, p. 353,560 • purchased power i" Other operation /:; for and year.—V. 1947—12 Mos.—1946 1947—Month—1946 $1,599,812 $1,413,716 $17,079,774 $15,867,316 Period End. Oct. 31— Prov. discount sinking fund preferred (par $20 )——i——__ shares, (par $2.50) $3,029,041 _ shares Proposed Acquisition— The consider cumulative 5% $4,866,956 1,837,915 capital stock considered outstanding share per capital On SEPT, P0, 1047 income before Federal taxes.— lor Federal income taxes income— Net Earned will be used for the purchase of store for merchandise inventory and operating Authorized X Net income Provision capital. 21,267 43,186 equipment and and Profit $33,476 income PURPOSE—Entire 298,420 Clinton Industries, Inc. (& Subs.)—Earnings— CONSOLIDATED EARNINGS FOR NINE MONTHS END. $48,190 1,713 13,000 $14,022 income Iron 2,560 ■__ income deductions Other 2,442,386 812,300 35,682 (nefi tax taxes income 1,011,840 693,614 profit. Operating 175,226 1,854,400 tax & surtax norm, $842,823 $23,286 sold goods Operating expenses July 26/47 $3,954,686 691.396 730,242 "Write-off Fed. of Cost $903,267 depl. May 31/47 $1,198,777 of tion End. 8 Wks. to Ended June 15,'46 216,836 Sales 3,856,854 32,865 goods Deprec., «' Year End. Dec. 31,'45 sold-.i.-, & amort. of Cost tion of June 16/46 $1,598,944 1,358,820 1944 ' 1945 . disc'ts allowances $21,678,894 $33,090,464 $22,185,651 loss s^les an aggregate popula¬ approximately 39,700 persons, with Covington having a popula¬ 15,000, Waynesboro of 14.000, Clifton Forge of 10,000 and Gate of 700.—V. 166, p. 1476. / X • . communities served are estimated to have The OPERATIONS 5'/2 Mos. Years Ended Oct. 31 6 Mos. End. r i/i v Ofoss OF RESULTS CONSOLIDATED INCOME OF STATEMENTS Monday, * December 1, 1947 FINANCIAL CHRONICLE COMMERCIAL «& THE (2208) Sales, less freight, discount, Costs and expenses——— Bond discount Other Prov. Net expense : charges for Federal income taxes profit NOTE-*—The deoV%m months of . and 1946 $2,240,136 1,855,783 26,644 4 105 1 interest Bond ! i " 4,487 140,000 i > 43,212 19,554 , ' 4,391 142,000 ' ' ——■ $171,868' $175,197 fot-'depreciation and months "of 1946 iand $123,583 for nine —a above statwnent"includes charges of $117.89® for- nine i1 ' 1947 $2,331,024 1,983,920 . allowances, etc 1947.—V. 166, p. 368. : ' ' "VJqlume 166 THE Number 4651 Consolidated Edison Co. of New York, Inc.—Output— The company Nov. on (electricity 26 Operating Operating .and 1946 $5,162,707 $5,330,364 3,835,128 4 3,127,126 expenses Taxes, other than Federal 546,003 351,629 income Net operating income income was announced on Nov. 25 that all of the outstanding 20-year debentures, due Jan. 1, 1958, have been called for redemption 2, 1948, at 102 and interest, with funds being available for immediate payment of the redemption price and interest accrued to the redemption date.—V. 166, p. 2101. Interest 3Va % Fed. Jan. on $1,341,543 17,270 $447,182 debt__ taxes 17,677 —V. income per Operating Oper. 9 Mos.,'47 revenues 20,940,879 3,283,809 deplet. taxes and 16?167,824 2,464,887 4,0j8,014 amort 28,389,132 26,309,914 3,431,704 (est.) Other taxes 6,393,000 Dec. 4,454,095 5,437,397 4,864,000 3,213,368 2,913,456 of payt. to annunity fund tPortion of refund on gas purchases James Inc. operating Other income income Interest $12,662,858 , charges Miscellaneous $10,555,551 26,425 1947, that 32,342 outstanding—end of per share period that portion 2,728,359 1, 1946. tRepresents $3.85 portion of refund a purchases applicable to prior years which is increase in Federal income taxes attributable credited to include 520.547 which surplus. shares tShares issued 852. p. The mately $3 Nov. on shares The shares to filed 19 letter a of notification par) common stock, without underwriting. working capital.—V. stockholders Crown 166, on gas 18 to be with offered Proceeds the at will the the Crown istration at of no Dec. Nov. on vote 270,000 on share value. par statement 14,300 be dealt in "flat," Contracts 1948, and on maae subsequent for At of no there present shares into nine authorized are outstanding.—V. are to proposal a value par 162, of be each C. temporary and concrete permanent and steel, 166, —V. include day, aries; and and 162, HF an butane a utilities buildings, chiefly of with isomerization to necessary capacity a unit, of paid in next the $11,650,000 Oct. sustain plant brick, ing , additional 1.000 leaving balance a the with capacity Montreal 4,000 of shares shares outstanding number treasury.—V. 150, p. 685; V. the on 219,511 149, and history Eligible employees through 1947. during will of receive 1943 totaled $8,100,000 cents of Northern 3714; V. 148, accordance N. Y., in Cuba, the procedure participation interest $15.37 of $0.94 to be business V. in 166, Nov. at 21, $15.22 shortly cash 1, to source i amount Months in $16.16, holders of directs on that for Dec. bonds the bonds Interest is It six-acre a is dealers in Tennessee to payable the on Taxes bonds National Cuba Ip Net of production of Willard batteries. with the procedure for for Sept. 1946 be Net ouoted —V. substantially $4,593,440 1,279,743 592,037 of industry, employees 'The be New quoted that the York P. 52. ?Vc of Stock $35.49 ex deposit V, ,166, • close business Exchange per $1,000 receipts . " Nov. directs deposit shall „J". ■ on receipt continue I-/. 21, that Bank. and the New 272,122 Other and of 166, —V. and sundry bond Total . Deprec. company Ohio. The opened panies: Light Power and plans one gas plan, to bid public filed time in by company December for the outstanding companies some Bradford with the from ' Other method for . financing the nia However, if the securities are purchased, to study effective means for merging the . system.—V. 166, p. 758. . "is the not securities said $1,188,745 314,561 290,363 less Crl3,520 Crl3,685 16,178 11,370 exps. deductions and in bids presently > moves plan of that, it .is its kind yet - „ ■; .... , ,, Corp.r,—Weekly. Output— ,rj". of $900,697 said into,the ;• * it Corp.—Listing— ' ' > 5,037,641 25,122,119 17,144,948 $846,457 $5,432,038 $2,446,748 30,868 377,952 156,1.70 $877,325 $5,809,990 $2,602,918 193,818 173,682 of 32,317 463,655 359,365 exp.-_ 73 83 731 1,425 11,180 42,177 63,247 Crl,947 36,376 93,850 58,553 declared in 100% a Stock stock stock common Dec. on on 18 the to in on the B.> Paul, will respective 23. June Jr., result prices These payments 1946. year totaled $1.80, common holders of the which- stock common before Aug. or 1, 1956.—V. Federal Electric Products . The registration and covering will be issuable in the 166, p. 1682. , , . of Nov. Cq.—Registration Statement statement 150,000 shares 13.—V., 165, p. (No. (nar 1454, 69,40), filed $li class A 1189. 455,528; eral three 30, to Sept, 30, J947, net share. This com¬ per per share $1.08 or in 11 cents June banks ended during parts, the same mineral and our earnings per for issue quarter the of and year Nov. 10. $4.88 for 30, 1947 receivable (less reserve), $3,for refund of prior years' Fed¬ $520,000; miscellaneous investments nominal value), $14,153; investment in claim (estimated), insurance, etc., in 1946 SEPT. notes bonds, at cost or Magnesite Co. (net), repair the 1946 the hand, $2,799,318; U. S. Government 011 and and prepaid 30, shown for SHEET, and $3,424,465; taxes figures, 1947. 30. accounts of June incorrectly were read ended inventories, income (stocks ended $4.39 to transposition a months 1947 have $52,000; Northwest $708,553; lands, etc. $600,000; and real (after prepaid royalties (net of deferred accounts, $363,042; other estate, buildings, machinery, equip¬ depreciation and depletion for reserve $9,024,845), $12,158,051; total, $24,095,109. notes due within one year, $244,000; accounts others, $931,266; accrued wages, $486,23^, jaccrued miscellaneous accruals, $190,610; accrued "unemploy¬ ment insurance and old age pensions, $124,277; accrued interest, $9,198; payable, trade and $129,517; taxes, for notes—tax income tax (after deducting $1,000,000 U. S. series), $491,489; notes payable, account of Kentucky Fire Brick Co., due 1949 (non-current), $60,000; 3'/4% promissory notes due Jan. 1, 1957 (non^current), less payments due within one year, $828,000; reserves for contingencies, $192,171; capital stock (outstanding' 469,713 shares of no par value), $12,394,736'; capital surplus, $611,338; earned surplus, $7,402,275; total, $24,095,109.—V. 166, p. 1890. Federal of The Georgia & Florida RR.—Operating Revenues— ' Week End. Nov. 14 Period— 1947 Operating revenues —V. Jan. 1 to Nov. 14 166, p. 1946 $45,875 2103. 1947 $45,050 1946 $2,213,145 $2,095,287- „ Georgia Power Co. with the common SEC stock "6 a has granted value capital $55,000,000 to of - ;• ;; - permission its to the company to reduce the shares. (no par) common stock Apcording to the company's applica-* 2,500,000 $37,000,000. tion, the transaction will not alter the number of common shares. The., amount of the reduction, $18,000,000, will be transferred to capital, surplus. Feb. was certain This snrplus will be disposed of, the company said, by making 166, p. 1993. charges against it.—V. with¬ letter of notification was filed with the SEC for 30,000 shares mf classRpommon stock ..to be. offered at $1 a share-without underwriting^ The shares are being sold bv B, E. Crispin and F.* E. Crispin, both directors of the company.—V. 163, p. 3416. 19 SEC The Reducing Capital Stock Stated — Value to $37,000,000— . - " On Nov. $508,453 BALANCE stated Fidelity Electric Co., Inc., Lancaster, Pa.—Files with ,:~ $1.49 $0.68 months equal is of Withdrawn— drawn $5.66 $1.47 which }- the ASSETS—Cash following on 598,249 $702,473 for, nipe reports earnings months same Secretary, announced that the 100% stock in the reduction, effective Dec. 18, 1947, of at. 1,735,335 $2,663,048 - the 4'/?%. cumulative preference stock, series A, to prices: $12.81 per share of common stock on or before Aug. 1,-1949, $13.87 per share of common stock thereafter and on or before Aug. 1, 1952, and $15 per share of common stock thereafter the 230,934 $320,031 1946. acquisition Dividend— dividend 443,595 share $2,062,207, for 12 787,288 42,672 95,503 CORRECTION—Due share 768,521, 9,532 96,298 LIABILITIES—■3'/4% be plans -V $689,332 per of with pares from Dayton 1947—12 Mos.—194? ' $5,884,037 $30,554,157 $19,591,696 va¬ provision payable disbursed conversion six known.'1'' i •« "■ Pennsylva- ment, 12. distribution western will €0.—Quarterly Report— taxes-- company period Gibson Refrigerator Co.—Fiscal Year cial Dividend Declared— ( ; , , ; Changed — , Spier . Gibson,. President, ha&K informed- the" stockholders that of the company had been changed so that the current fiscal year will end Sept. 30, 1948, instead of July 31, and that the two-months of. August and September, 1947, would be treated as-a, separate accounting period. Charles the company j* •» . . income reserves), SEC— companies insurance 1947—3 Mos.—1946 income taxes (eat.) securities, $1,015,176 premium, have $1, William securities. purchases Group Insurance— group advanced $7,633,739 deductions Federal 6,960 present paid as ■' v• the Agent 79,485 $1,181,785 the New York Curb Exchange on Nov. 19 of 7,500 additional shares of $1 par value issuable for cash on exercise of outstanding options. directors Dec. and Co. owns Of $1,441,871 note June 1889. p. par also & .'United Public Utilities Corp. on loss 9,197 of should outstanding common stock in 1947 received the fol¬ lowing quarterly cash dividends: Jan. 1 and April 1, 35 cents each; and July 1 and Oct. 1, 40 cents each. An extra of 30 cents was receipts iui. operating SEC, ending net 11,504 the listing stock, 166, The the securities of the following com¬ Gettysburg Electric Light & Power Co., Buckeye & Power Co., Eaton Lighting Co., Greenville Electric Light & Co., New Madison Lighting Co., and Western Ohio Public Service The on utility months estimated ,,6,531.353 prop, ended $697,957 the record 1, 1947; and in> ■"Flat."— : %. amortiz and and These 7,144 debt income Dayton Power & Light Co.—Proposed Acquisition— The " exps., profit 480,467 853. p. stock, i electric eleven an adopted and will be offered to the C. E. Wilson, President, announced January, sources 302,627 receipts)) Family Finance Corp.—100% plan '■ ... the with $1,362,386 income 476,415 $1,008,032 revenue income The the deposit dealt .V •' in profit 395,517 taxes) .= approved the Dec. on most has been operations 363,513 income Fairchild Engine & Airplane 1947. be to a Is ' sales Gross 600,281 exps. The Board of Governors of amounting to $16.16, less Cuban tax of $.94 to be withheld per deposit receipt "part-redeemed," for $1,000 original amount of first lien and refunding mortgage gold bonds, -series A, extended to 1946, and first lien and refunding mortgage gold bonds, series B, 6%, extended to 1946, to holders • in improved the of one Period End. Sept. 30— sales Cost,of of 1947, the of month. Co. New York, N. Y., has been appointed City Bank Farmers Trust Co., New York, preferred series A no par stock. See offering Net income 1,672,879 expenses miscellaneous 400,159 Federal (interest Miscellaneous source) at Perelle four nominees electric The 1947 taxes funded on Amortiz. close principal of i record Mr. his of 21. Earnings Co.—Earnings— 30— $4,936,857 and Total the issuance of participation certificates, payments will be made .Dec," 1, 1947, of $34.55 ($3.96 interest payment. $15.37 principal payment.and $15.22 cash payment in lieu of participation ctrtificates for next and nominate Trust $4.25 by 504,720 income Interest tax on at/ to output of this corporation for the week ended Nov" 21, 1947 amounted to 152,371,283 "kwrn-, an increase of 19,753,870 kwh., or 14.9%, over the corresponding week last year.—V. 166, p. 2103* & Co., Inc., New York. Proceeds expansion program.—V. 166, p. 1786. and repairs than income common City deposit, right appointment $29,831,000, Interest registration statement w.ith the SEC 5% convertible cumulative preference a revenue operating Other par¬ the / 1889. • The $1,000 RR.—Principal and Interest Payments— accordance of Fisher Mr. the The General Public Utilities surround- first 1, the at $1 par In view of the wide participation in the present plan it is an¬ ticipated that the new plan, which also applies to both salaried and hourly employees, will become effective Feb. 1, 1948, after the necessary enrollment has been obtained.—V. 166, p; 1993. Eberstadt distribution and (other Federal 3392. p. authorized shares, .-.-.J:...,,,, the Treasury 166, with have Industries to and represents Nov. on the serve and and York, N. Y.—V. 2,500,000 has and $35.49 per $1,000 deposit ex to 1992. and new company's contains site designed Depreciation 1947; that the deposit receipt on Dec. 1, 1947; deposit receipts shall continue to be dealt in "Flat." and the bonds, to be a delivery in settlement of Exchange contracts made beginning Dec. 1, 1947, must have the rider attached thereto stamped to show the above payment. receipts be quoted $1,000,000. on It Pa.—Registers with SEC— ($50 par) F. Ended and of Cuban at space begin 20 fi ed Nov. administrative Maintenance payment, lieu less record the middle Wood the p. undertaken Ready— year. a and will construction operating General, 1947, of interest payment to the Depletion -1 on for of issuance "part-redeemed" ($3.96 shall General Refractories 1577. Underwriters, Gross Dec. approximately 1947. Exchange $1,000 bond per ot amounting Stock $4.11 the of batteries distributors Ore., p. be used Nine 1942, "part-redeemed." the rider attached there¬ bonds agreement directors. v Empire District Electric the Constitution on of 166, p. agent for Net 2120. for made principal receipt A an due 1942, stemming 1947, plan be former Gar 166, said, Corp.—Weekly Input— manufacturing 250,000 Elliott Co.» Jeannette, Total the of said and for withheld York ex-interest for of payment on New will of original series deposit per the and $1,000 amount certificates provision payments bonds of $34.55 principal The deposit, per bonds, 5V2% principal ticipation for $4.11 presents tion and transitory certificates, of mortgage gold original a Stocks Offered— — factory is fifth in the chain of Willard plants located Industrial communities throughout the nation. A sixth, Portland, —V. Rys.—Principal and Int. Payments— with loan the Manufacturers transfer rious in share, p. the amounted Amortiz. that remain cost a feet of of Willard Production Cuba Increased the Oct. board of auxili¬ instalment. 15 to around 30 Corp. per 280.489 shares increase General American Transportation Corp.—Trans. areas. stock. at 60 1,500,000 to for 48,800 employees. 20, 1947, the System input of subsidiaries amounted to 63,220,00 kwh., an increase of 20.1%, over the corresponding week of 1943. equipped at important operation.— Market Oct. and p. of that barrels the Curb shared have been taken down Co., The Memphis will notiiied 1948, expected Nov. covering 60,000 shares has from voted 25 General Motors Corp.—New ended The company corporation 31, seven-man on 2102. p. capacity needs of Cub Aircraft Corp., Ltd.—More Shares Sold— The Lewis Cerf 31, 1951. Payment on another $1,000,000 of sinking fund debentures, due from 1948 to 1951, will be delayed until of the bonds, subject to certain conditions. for voted was 36-year company's March. earned dividend wage weak 54*000 square the approximately of 3,500 together D. Inc.—Capitalization Nov. on loan $1,617,000.—V. in built Admin¬ value a unit America, Floyd 666. In accepting the above loans for $1,650,000 the company has arranged to defer maturity on $1,000,000 of secured bank notes from Dec. 31, 1947, to June 30, 1948, and has effected postponement of a payment of $1,000,000 under a bank credit agreement from Terms Willard Storage^. Battery Co., a subsidiary, has started produc¬ a new battery plant at Memphis, Tenn., C. E. Murray, Execu¬ Vice-President, announced on Nov. 18'. The new structure was tive 2639. p. the 166, tion to sold thermofor catalytic cracker of nominal treator of "nominal 5,000-barrel-per- a alkylation of of p. W. 2102. p. in 10,000-barrel-per-day capacity, Bank Cerf 166, Perelle, President of Gar Wood Industries, Inc. in return five-year 3V2 notes which will be convertible into common stock the rate of $5 per share. A total of 330,000 shares will be reserved for this purpose. • The the for acres. day capacity, Industries, of D. •■i'li fair site Floyd ' plant the occupy and directors.—V. for The largest $1,000 the corpdratioh 10,592,000 kwh., * or- will employees of the War Assetts appraised $179 agreement, which is expected to be consummated on or about Dec. 4, 1947, the company will receive $1,500,000 from Edward F. Fisher, a director of General Motors Corp. and $150,000 from Sales this Corp.—Buys Gov't Plant— Present Vice-President Co., elected stock a provide 7045) filed with the SEC April 28 shares (par $1) has been withdrawn. Electric Storage, Battery Co.—New Unit $2,300,000. 14. 818,568 , Split-Up— approving (No. common dividend, will for For a Production facilities that 1, 2% Utica, N. Y., recently offered 750 shares of preferred stock at par ($100) and 750 shares of common at par ($1). Proceeds will be used for operation and development of company's busi¬ ness—V. 166, p. 1354. for 17 ■' 818,o69 each. • special a Central Corporation Twenty-five of will 28 Electric Power & Light Texas, 100-octane gasoline refinery, operated during the war by this corporation, has been announced reinforced of to ex-interest Exchange June Elec-Trick Toys Co., Utica, N. Y. Mohawk Valley Investing Co., Inc., SEC used been Wood common by the directors. plan, —V. property is $2,796,385. upon paid York, 2411. Last year approxi¬ be Pasadena, to; be New Co.—Registration Statement Withdrawn— wage $22.50 156. p. Central Petroleum government of of -f'." $1,465,598 at common which of registration The at meeting to be held on consider a proposed retrement plan for full-time salaried the company.—V. 166, p. 2102. In quoted continue the carry Nov. on outstanding shares, 165, p. Nov. Continental-Diamond Fibre Co.—Retirement Plan— V. p. shal) settlement in must 1838. be record-breaking wage dividend of an estimated about 50,000 employees in the western hemisphere Sept. 30, 1947, the offering to stockholders ($1 unit per additional per will Inc., A equal to the estimated thereto; remainder was outstanding pursuant received Assistant Reynolds & stockholders Sept. - company 35,000 nine 1995, Co., Eastman Kodak Co.—Record Wage Dividend— Continental Car-Na-Var Corp.—Files with SEC— A each covering —V. July 11, 1947, and 25,125 unsubscribed shares remaining offering which were subsequently sold in the open market.— the 166, for bonds bonds ' mt share common Smith, of have The ended from V. earned due & $4.49 payments, that the the 1947, 166, common and aggregating $1,244,000, made to the annuity fund trustee for 1946, which is equal to the estimated reduction in Federal income taxes attributable thereto; remainder was charged to deferred debits to be amortized over a 10-year period from Jan. 1, Drackett 3,274,031 $3.85 of bonds, Morgan 1887. The $10,496,784 $14,705,469 3,274,031 income ♦Represents 4% P. J. ■ maturity 50,374 $12,606,412 that delivery a Dec. stockholders 350,000 25,546 37,982 deductions of $14,781,389.. 18,464 income income JShares Net new 254,591 p. Gross Net 459,651 directs be to The $10,095,900 $14,516,798 164,834 mortgage office Dominion Textile Co., Ltd.—Plans Stock 490,000 $12,498',024 revenues the ■ stock)__ for Conversion of New Loans— Exchange has received notice that the interest the oil at Exchange subdivide Net 1947, coupons.—V. 01,072,000 —— Stock " $1,567,488 treasury 1682. p. Under beginning 4,162,713 — 1, date 1, and 8,229,000 ■"Portion Dec. York Y. The income on New that on N. 15,385,203 19,764,902 Maintenance Federal due $70,191,996 $55,322,974 $90,917,049 gas Operating expenses Deprec., 12 Mos.,'47 deductions: rev. Purchased, 9 Mos.,'46 The 898,269 $1.91 (excl. 162, p. 948. Detroit & Mackinac Ry.—Interest— (& Subs.)—Earnings— $2,363 867 Fleming-Hall Tobacco Co.—New Directors— 582,000 $735,418 1946 $2,527,884 960,396 outstanding Earnings 166, Gar Consolidated Natural Gas Co. Period End. Sept. 30— _u__ profit after Federal taxes siis. Henry Net 1947 taxes taxes. —V, 41,396 218,900 income on Inc.—Earnings— 27— Federal N Net $1,358,814 $210,604 State Sept. before « 17,237 funded on and Federal 338,103 $429,945 income Ended protit 523,585 2, 1948— Total It Quarter Net Com. Other To Redeem 3V2% Debentures on Jan. S (2209} First National Stores 1947 revenue Depreciation increase of 4.5%.- an CHRONICLE (& Subs.)—Earnings- Nine Months End. Sept. 30— announced generated FINANCIAL & Denver Tramway Corp. that System output of elec¬ purchased) for the week ended Nov. 23, 1947, amounted to 227,200,000 kwh'.," compared with'218,000,000 kwh. for the corresponding week of 1946, an increase of 4.2%. Local distribution of electricity amounted to 209,100,000 kwh., com¬ pared with 200,000,000 kwh. for the corresponding week of last year, tricity COMMERCIAL T« fiscal J. year r\f 4- V% O • hVl® MClfri 1*1 f 1CAO 1 « V*': , • . , 1947 Gibson Mr. fiept. dividend and 30 resulted in a v also of cents io record of Sept. per . . _ , D. . , e , , ■ . lights 101 c„i. nf ,.Mi patent Swiss Tntni ^ models, Current widths 1, of 26 New of explained, will represent negotiations with government purchasing commissions and agencies. The appointment, Mr. Frazer stated, will in no way conflict with the activities of distributors .in various foreign countries now handling the Frazer line of 27 farm implements, including the rototiller and new Frazer stationary motor. Washington organization, Mr. Frazer Craham-Paige exclusively in its forthcoming The V. 166, to^ Northwestern^ 1947 of note p. 1858. Prof.'t U. mechanical NOTE—-For is it reasons not and Net order. position goods trative sold, exten¬ to cost announced Nov. 23 by sion Program—Plans for financing the company's sive construction and store improvement program, estimated an $6,000,000, were M. Halle as stockholders preferred Walter -President increase in the company's au¬ thorized limit of funded debt from $3,750,000 to $7,500,asked to approve an were Appropriation to price decline Halle said, is in line with the growth the preferred stock was issued and the debt limitation of $3,750,000 was established in 1936. Since then gross book assets have grown from $10,000,000 to over $16,000,000 and should exceed $22,000,000 on completion of the expansion pro¬ gram, while sales have increased from approximately $15,000,000 in 1936 to an annual rate of over $38,000,000 at present. Under a commitment agreement, Equitable Life Assurance Society of the United States has agreed to purchase at company's request on or before Dec. 31, 1947, $2,600,000 of long-term first mortgage and leasehold 3 -3 xk % bonds. Of the proceeds, $1,452,000 will be used to refund an existing loan from Equitable bearing interest at 4% . *The bond financing, plus a bank loon of $1,150,000 recently made, requested the will aggregate The or bonds of unborrowed any Equ'table require also may $2,400,000 standby charge of a since assets $3,750,000. company additional Mr. increase, and business on '< of 1 % portion until it purchase to before or per Dec. to up an will and 1948 31, the additional $2,400,000 borrowed or the obligation The is Tne expansion —V. comnr'ses program Huron on times five Surplus Road, much as per "Compiled tBa=ed V. space earnings' of company, War surplus a its Completed The in land. plant with it the Government-Owned Plant— plant for announced was ft. sq. Rapids, Mich., to this has been approved by of cranes, seven space, brick and concrete a and was built at cost a $170,631. of 161, value.—V. Glorc. Co. The price sale is of the ratio of The offered was did net company has company and at $17 share. per arrange is for the underwriting of the common plan of offering any of the 1.880 Coffin, Betz & Sullivan, Philadelphia, in September of¬ 8,000 shares (no par) $1.50 cumulative convertible preferred stock and 16,000 shares (par 500) common stock at $25 per unit consisting of one share of preferred stock and two shares of common stock, plus dividends on preferred stock from Aug. 1, 1947. fered 1939 to succeed to the business and assets of Alpern Associates, who were interested in1 the manufacture and distribution of metal reed har¬ monicas under patents controlled by Harmotone Co., Inc., founded some years prior to 1939, and now a wholly-owned subsidiary of the company. The company is now engaged in the production, by mechan¬ ical means, of a diversified line of metal reed and plastic reed har¬ COMPANY—Corporation was incorporated in in Delaware PURPOSE—The machinery, to campaign and net defray to proceeds the- 5% be promotional working increase CAPITALIZATION, will GIVING expenses $1.50 cumul. Common convertible purchase of a EFFECT CAPITALIZATION Bank, to preferred stock 15,000 a share, but sales projected EFFECT GIVING than $26,729 '___ (no par)__l___ 1 8,000 shs. • *140,256 shs. subject on Sept._ 1, 1947, to options held stockholder, and Austin Monty, a director, any time prior to Sept. 1, 1949 for 50 cents 9,900 shares pledged as collateral for the a 4% including notes EARNINGS FOR CALENDAR fund sinking fund preferred Sales " - $205,258 1942 1943 Federal Taxes' Taxes $5,852 ___ 441,797 - _____ 31,907 $4,472 627,076 ________ 1944 56,834.' 36.556 826,718 ' (6 months) ♦Loss.—V. 166, - p. 24,721 9,167 1,155,057 1945 1946 1947 due 1970 due 1971 ($100 par) debents. debents. stock stock Common (no par) The the common 128,581 *63,874 51,927 320,718 949. Net Profit $5,852 27,434 20,277 15,553 76,654 *63,874 . brought from 1, out The 3%% Dec. 24 Nov. regular a 15, (Inc.), Co. & July for 15 dividend the first 93% of payable 1684. stock, 1947.—V. 166, Outstanding cents per Jan. 15, profit Common Earned pension _ like Orders share taken continued to bui'd up drawings, patterns the during SHEET, year respect of the orders in U. S. for notes), $192,145; contingencies, reserve $500,000; amount of to issue not exceeding series A, to be sold at 100.32 applied to the redemption of SEPT. 30, will, $1; outstanding bonds, due July . charges, ' :f- W- tax 1, Coast 189i. 194G 1947 ... $32,888,048 $10,676,256 6,201,325 302,786 Cr83,000 Cr4,800,000 refund $219,786 refund of Federal $1,401,325 taxes 011 a shares registration, statement was filed with the SEC covering common-stock (par 50c). Underwriter, Lee Higginson Stock is being sold for account of certain stockholders. of the outstanding . 1961, and 3%% lk % Bonds— . bonds^ series C, due Dec. 26, next, at been have payment may 1994. Co.—Stock Offered—Paine, Webber, Curtis,. Grand Rapids, Mich., on Nov. 12 of¬ fered. 2,359 shares of common stock (par $10) at $22.50 per share. Proceeds go to selling stockholder.?r-V. 166, p. 1994. v _ ,<-••• Jackson ■' mortgage interest. Kalamazoo Paper . first called for redemption on ' " be received of the full redemption price, plus accrued interest to Dec. 26, 1947 upon presentation and sur¬ render of- said bonds at City Bank Farmers Trust Co., New York, N. Y„ Mellon National Bank & Trust Co., Pittsburgh, Pa., or Con¬ tinental. Illinois National Bank & Trust Co.,-Chicago, 111.—V. 166, 1, Immediate p. capital surplus, $3,526,000; earned surplus since Jan. l; 1935, $1',508,T25; r > East (& Subs.)—Earnings— Jones & Laughlin Steel Corp.—Calls 3 ; • bonds.—V.-166, P. charges Nov.- 10 Corp. 102V2 inventory adjustments and other stock (paf value ^l), •■ $460,000; the Florida Johnson Bronze Co., New Castle, Pa.—Registration— On 1947 for possible the trustees of loss 300,000 All deferred Line RR., income of prior years bafteel upon carryback of operating losses and unused excess profits credits.— Sales of $32,888,000 were about equally divided between the auto¬ motive and appliance divisions and the volume in appliances alone exceeded by $4,475,000 the total sales of the entire company in the preceding year, $10,676,000. / During the year the company's net expenditures for capital invest¬ ment totaled $1,721,964, despite which the net working capital im¬ proved $2,680,205 during the year, aggregating $4,860,965 as "of Ju'.y 31. The majority of the increase in working capital was due to an increase in long-term debt of $2,288,000 and a refund of Federal taxes of approximately $2,250,000.—V. 166, p. 1400. payable, total, $6,991,818'.—V. 164, p. 2018. proceeds : all after "Represents payable, $115,000: common osi.000,0001 of t^c pro¬ mature not later than July 31— sales "Federal $279,224; accrued payrolls aind advances on uncompleted excess of• costs accrued thereon, $242,294; estimated reserves and Canadian income tax (less $250,075 U. S. Treasury tax dividends $169,030; to company bonds, the principal Jacobs Co. Years Ended Net Loss so company's Aug. 31, 1946, total, $6,991,818. LIABILITIES—Accounts taxes, good and aggregate the 3%% and Atlantic Coast (F. L.) $541,374 460,000 $1.18 ASSETS—Cash, $861,173; U. S. and Canadian Govt, securities, $243,648; notes and accounts receivable (net), $874,694; inventories, $2,605,619; other assets, $65,443; property, plant and" equipment (net), $321,461; balance note notes out, of the pro¬ by Interstate under the assume Jan. BALANCE the authorized mortgage interest in 52,507 backlog of unfilled orders increased from $4,238,782. on to $5,703,475 on Aug. 31, 1947. CONSOLIDATED 10 Nov. on first to 331,000 $709,893 460,000 $1.54 I shares outstanding per issued be to rfunding for Inters'ate, f!!«d with other things, for among new Seaboa'-d Air Line RR. and Southern Railway were authorized obligation and liability, jointly ancl severally, as guarantors, Ry., — 74,192 463,000 income (est.) _ ICC accrued The 4,408,083 658,070 7,164 plan premiums on 31, and $5,991,034 accounts Canadian taxes securities of and of provides, proposed the 5'> series, due first mortgage notes. reorganization 1947, 29, of bonds, repledgc the new Jacksonville Terminal Co.,—Bonds Authorized— Mo's. End. 30/47 $5,897,644 93,390 5,921,776 926,176 sold doubtful the for Oct. on proposed notes The (& Subs.)—Earnings— $8,102,201 for issue ancl sell to mortgage to proposes the for plan sale first Interstate's of $2,000,000 of the of Net income Provision amended $4,000,000 share was declared on the 1948, to holders of record $7,982,609 ' lift,592 Selling and admin, exps plan the maturity of Interstate's presently promissory notes aggregating S3 000.000 clue same banks and collateralized by in equal by issuance of a new 1948.—V. 166, p. 1580. p. 12 Mos. End. 9 goods bankers with William blair & the by plan, and sales of and Notes— company's posed Aug. 31,'47 Sept. Cost the amended dividend of 50 cents per 1948, to holders of record Period— Other pro- 1967. quarterly payable Jan. Industrial Brownhoist Corp. Net Mr. ihe that were notes, Interstate Commission ceeds payment makes total dividends of $1.90 per 1947 earnings as follows; 45 cents per share paid preferred 31, earlier extending of held collateral as An second quarters, 50 cents per share paid Oct. 15 and Jan. 15 for the third and fourth quarters. The directors believe- that the present level of operations warrants placing the common stock 011 a $2 annual dividends basis. and 15 April on com¬ b.y Chicago investment Hall approved collateral amount the Declared— stock, 20 purpose 1947, retirement This 1947. 31, declared share declared directors on Dec. the said year, 19C4. p. promissory 1957. a Common Dividend $2,019,579; YEARS Profit bef. 166, Nov. on the 1, bonds $66,600,000 $52,267,101 15,000,000 15,000,000 25,000,000 25,000,000 320.000 shs. 100,000 shs. 4,600,000 shs. 2,445,456 shs. i year sinking 2%% Net 7,500 __. due 1949, held in equal amounts by J. Griffith Boardman, Fifst Vice-President ahd director; A1 Paul Lefton, a director, and Horace P. Liversidge, a stockholder. — one if greater the managers Jan. OFFERING THIS TO SEC for later not maturing loans 2%% U. S. and OF STOCKS. shares Liversidge, therefor at subscribe $7,500 etc., Retirement TO SALE stock-(par 50c )•___• "deluding Try Horace P. additional capital. equipment notes payable due 1948-55 notes payable due 1949 1 4% to used Harris, Co., principal proceeds ($3,750,285) will be added to and become a part of capital of the company. From its working capital the to borrowers in the usual course of its business. Ap¬ proximately 95% of the assets employed in the business are cash and customer notes receivable. No appropriation of the proceeds of this issue to a speeific purpose has been or is to be made. lends Total monicas. & collateral Dec, working company of and that the entire proceeds will be used plant expansion. It is believed the offerings will take place outstanding present no The net the non- methods these each in the principal amount of $1,500,000, annually payable at bearing interest at the rate of 3% maturity, and maturing on April 15, 1948; one of the notes to be sold to Chase National Bank New York, and the other to Manufac¬ turers Trust Co., New York. The proposed issue ancl sale of notes shares. unsubscribed been throughout materials financing the syndicate The record Oct. 29, Rights expired ten shares held. share for each new one stock The 17. issue to or of one have could years," prst adequate jn January.—V. stock out common to common stockholders of the 222,485 shares offered in share Philadelphia—Stocks Offered— with about finance to per for 220,605 shares of received Subscriptions were on Harmonic Reed Corp., to also estimated company had Forgan as two a 208. p. the marketing would be headed d pos Corp.—Stock Subscriptions— Household Finance Nov. stock common resort may % 3%% 10. Nov. on includes property 32,184 Big In $95,955 and Interstate Power Co.—To Issue site. appraised fair present tool operator, 1942, building ■one-acre the war-time Administration Assets factory machine in $100,000,000." additional sell to debentures, had Doc. Ilanchett Mfg. Co.—Buys to about $85,000,000. comparison Details f$5.67 Authorized Sale financial circles in the last month, Mr. McCaffrey's statement Stockholders of record on Dec. 9 will be mailed proxies for the meeting about Dec. 12. issue will be offered initially to present common stockholders. market conditions change, Mr, McCaffrey said, the company discussed less than be McCaffrey. reports, tNot stated. share ai'e $1.89.—- quarterly month to g'jet McCaffrey, next its sales for the year would about $739,505,000, the largest in histcry and a 65% increase $482,328,000 in 1946. The 1947 total, "while quite gratifying pany 660,7 49 $2.43 the ,ipo'mpany's shares, these from 2,057,247 1355. p. in $2,542,756 $2,770,406 J_ 2.057(247 on 166, 1633. 166, p. 1,542,9-36 share common meeting debentures, John L. 21. Nov. amount "will Meanwhile 2,485,840 outstanding shares Earnings Financing—• New Co.—Plans of convertible financing, authorized now V. See stockholders' a consider increasing the stock will be issued as 166, p. 2104. to 1948 to it convertible an Cleveland, selling is call issue an 13, additional Harvester will for announced new from period for Common Jan. The approval. financing. $4,847,224 761,532 stock Common meet their Should 315,000 $6,017,778 761,532 dividends preference stock dividends Convertible stated: 20 Nov. 75%. about or earned to Dividend of $1—■ stock proposed on by that total transferred the will stock expected $8,090,792 4,500,000 profit, $17,610,802 $13,115,986 1,432,407 1,432,407 $12.29 $9.16 possible after company The was 2,928,569 : net of Balance stock ll-storv building now under adjoining the main store, to as the building it replaces; major improvements in the main store, including new escalators and elevators; a modern two-story store under construction at Shaker Square, and a 7-story service building on Prospect Avenue next to the Huron-Prospect building. The latter two buildings are being privately financed and will be leased from the owners by The Halle Bros. The have with stockholders as authorization inventory future for reserve 1947 1946 $29,021,302 $22,127,486 11,410,500 9,011,5(50 taxes income Subs.)— (& Corp. Machines Sept. 30— President, outstanding year on terminated. construction - 490,000 taxes tax income Federal exceeding $1 per noc Business quarter. $7,697,144 393,648 6,571,000 Pennsylvania income surplus The pay $17,578,778 income of distribution of 75%; Thos. "When the stockholders approve the increased stock, and the stock split-up becomes eifective, the directors will declare a first quarter dividend for 1943 on the outstanding stock (which will include the new share) of $1 per share, payable March 10, 1948 to stockholders of record Feb. 1'9, 1943." This would be equivalent to $1.75 per share on the presently outstanding stock which has been receiving $1.50 per share each connection The- new Total 000. of (net) income Other aggregate an underwriters common in con¬ who are share.—V. 166, p. 1994. charges Watson, t 65,183,298 own that the several Increased Stock to Receive Quarterly is Arranged for Expan¬ Halle Bros. Co.—New Financing of NASD Canadian President, $17,059,478 519,300 operations Profit from to are (5) profit In J. *1946 t __ shipping, selling, and general expenses of Cost possible. as the International alphabetical returns and less discounts, sales, and Capital shares! outstanding Earnings per share $141,200; 1947 allow. $82,242,776 adminis¬ Nine Months Ended Sept. 30— Gross stock; public a Sub.)—Earnings-^- Hershey Chocolate Corp. (& always alphabetical to arrange companies in exact However, they are always as near of after S. soon possible company underwriters the common Nine Months Elided Summon nflTrTli iX *°r cointing.encies, $.00 000 common stock ($5 par), $1,422,065, suiplu,, $2,640,858, total, $6,909,195.—V. 166, p. 268. 6% stock, make International (other than Federal $151,251; notes payable to bank. $610,000; mortgages payable, ' to members and accrued expenses, $1,302,292; within one year, $120,000; mortgage instal- noTeHak feriefG X ™y Mutual par' and accrued interest. ■: Company would use $500,000 of the proceeds to pay off its 'and the remainder for general corporate purposes.—V. 107, waukee, at - payable to bank due payable ments due within one year, $4,600; accrued taxes askehd SECdermis* ion ^to**issuetnd°2 teries $1.83 the offering of the 26,194 shares of stock at an initial public offering price of $22.75 per share, nection w.th which a concession may be allowed to dealers 1947 26, july sheet, balance LIABILITIES—Accounts notes Gas Co.—Proposed Financing— (Mont.) $1 83 $1.03 _ bed shares of propose $$,909,195. 2103. p. Great Falls $1 03 """ iimubscr 26,124 ASSETS—Cash in banks and on hand, $1,014,320; sundry accounts receivable, $468,128; .inventories, at cost or market, whichever is lower, as determined by the retail method of accounting, $3,865,559; iaTlcl and binkiings, at cost (less reserves for depreciation,' 34,526), $297,659; furniture, fixtures, equipment, building and leasehold improvements, and leaseholds, at cost (less reserves for depreciation and amortization, $1,851',.>42), $839,721; cash iunds held by bank as security for customers' insta-ment accounts old with guarantees, $51,884; miscellaneous assets, $75,291; deferred charges,' $296,633; total, this corporation, on Nov. 22 an/nounced the appointment of Robert A.. Shaffer, President of the Shaffer International Corp., of Washington, D. C., us Washington representative for foreign and domestic national government sales. - 284;413 284 413 months only consolidated President Frazer, W. 142,'206 284 413 "'Includes profit on sa e of real estate, $391,399, and in the 12 $41,044 profit 011 sale of U. S. Govt, securities. tLoss. " Appointment 4,1 Joseph <K520 7fin "stock":::::::::::: paid on common .h;..P!! nuutanriina Earnings per share respectively. inches _ <R9q2 842 nprinr) fm, 235',000 - . Pnhil.nl with a tilling width of approximately five feet. fhich about 40,000 have been sold to date, have of and 20 : b^'477 t755 76n Federates"' lOs'.OOO nrnfif. . N machine tractor-drawn =>99 477 423,551 t397 842 inpntno prov have^a variable • 239,553 $233,282 sale of.ieal estate) holders, it was announced on Nov. 24 by Joseph W. Frazer, Chairman and President. The company's engineers are now engaged in recle.sJW ®a.chines for assembly line production and to conform 111 appearance anci performance with present models, he revealed. The two new models are a small rototiiler which win cut that can be reduced to as little as eight inches, and a ueid-size the from 133,671 $$25,709 by offering the to outstanding common stock of 214,451 ^ l4*7SH?5 31,?SJ?S4 75,802 149,180 "'Other income, net (inc.udes $3J1,399 profit 011 fnv ..irrhic; sales and manufacturing acquired rototillers model to the holders of' its shares of common stock, 162,958 shares have been subscribed for, and tne remaining 51,493 shares of unsubscr.bed stock are to be purchased by tne several under¬ writers. Subscription rights expired Nov. 19. The company is advised 1.1) tnat Blyth & Co., Inc., for the accounts of the several underwriters, have purchased at prices of one-eighth and one-sixteenth of a point, and for a total price of $24,290, sub¬ scription warrants entitling them to subscribe for 86,591 shares of common-stock; (2t that sa d subscription warrants have been exer-N cised; <31 that Blyth & Co., Inc., for the accounts of the several underwriters, prior to the expiration of the subscription warrants, soid on a delayed delivery basis a total of 111,890 shares of com¬ mon stock, at pr.ces ranging from $22.25 to $22.50 per share, for an aggregate of $2,509,129; in connect.on witn wnich concessions between r<5 cents per share and $1 per-share, aggregating $99,699, were allowed to dealers, including underwriters; (41 that after the foiegOiiig transactions by the underwriters and the acquisition of Pursuarit" • ■ 6 Mos. 1!2 Mos. $16,445,6o4 $34,788,123 14,850,269 31,449,0/8 114,737 257,838 profit operating . has corporation new - Co.—Stock Subscriptions Indianapolis Power & Ught Subs.)—Earnings— . General taxes rr,,,rt . , Rights to I wo Graham-Paige Motors Corp.—Acquires The • . nnr New Rototiller Models— •two ■ Total ___ Cost or goods sold and exps Depreciation ancl amortization ' _ ■ ■ Period End. July 26, 194<— Net sales (inc . censed departments sa es)___ Net sales (exc licensed departments' sa.es)— Income from licensed departments months ended fiscal year have first month of the current satisfactory profit.—V. 161, p. 2108. , ' t the two for stated the for '" ' 1947, 16, cents paid in 1946. that operations with 30 compared as >■ special a stockholders to ■1 Hearn Department Stores, Inc. (& share, payab'e Dac. 30, and contemplate that payment of future dividends will be made at the end of calendar •quarters beginning March 30, 1948. The special dividend will make a total payment of 85 cents per share in the calendar year 1947, declared 1947 Monday, December 1, CHRONICLE THE COMMERCIAL. *& FINANCIAL < (2210) ■*. & . Volume 166 Number 4651 THE STATEMENT .Kendall Co.—Opens New Factory in Mexico— Completion Calle on S. A., of open.ng modern new a Coiegio, Mexico City, subsidiary, was announced a The and del factory in sales and Black Bauer & November. by de office Mexico, / adequate to meet the increasing demand for Bauer & products. All present operations will be transferred to the building. The Mexico City p:ant concentrates most of its man¬ ufacturing and sales facilities on surgical dressings, elastic good., and new foot products." In Cuba, by and to its the Mexico include company Toronto, City Canada.—V. plant, other Buenos 166, of receivable dies Inventories Or (less collectible lower at from of customers cost Prepaid Other 77,452 (first-in, first-out) prior years' Fed. inc. and assets taxes 732.000 95,846 92,697 475,544 556,046 2,609,199 2,422,958 — (less 3,554,085 x taxes reserves) Cash $9,901,249 S. U. Other Keystone Steel Wire & Co.—Stock Offered—Paul H. National Lock Co., a subsidiary of Keystone. "The shares 41,270 issued and First 5% estimated for Capital of term the notes of to the Bank pfd. stock ($1 oi Co. (68.43% steel owned >] and wire of Savings and Co., also and Bank of Mid-States engaged in 83% at of the products. the wire, company's staples, and cnuse Trust welded St. Loub, and constituting sold to 111. Steel and (National Wire Co. sale and consisted road the sold company's and of wire, steel $9,870,598 Most 17*7/ nails, and jobbers the of stucco for for the which barbed resale lor netting and for con¬ resale semi-finished sales of steel products, period, same were SUMMARY, YEARS ENDED JUNE 30 Per Share Per Share $0.99 number average weeks ended of Nov. 1, $0.95 1939 927,542 1.22 0.55 1940 1,880,147 2.48 0.85 1941 .2,152,375 2.84 1.00 1942 2,317,280 3.06 1,419,339 1.87 $ 2.06 1945 48,218,892 624,076,227 456,226,558 Kroger in stores 2,536 was operation d'"-ing compared with 1946, a decrease of 4%.—V. 2,639 166, p. —Sills, lVfinton & Co., Inc., and associates The stock shgre for fluctuation in 1,615,724 LISTED—The outstanding listed are the on Dec. 31, to be Davis & by A % of to up and stock, common 1951, into and dends in a each- on and to up the Provision case. equal for of thereafter Dec. is 31, made solution lessor calendar of u & or 25 into 1949, to up credit Dittmar & agent, and to the (a) 10% of last expired price $15 and Illinois to in share, per Continental 1S46 1947 U. plus Stock Demp^ey John & Ka.man (Inc.) 2,500 Inc equal National Bank & Trust to dis¬ A. E. & l.bOO Win. 1,500 & Newhard, 1,750 Evans Wheelock Co., Co., Mast 1,500 Corp.. letter a to rn R. 1,000 Co Cook & 1,000 Co.. 1,000 & Co Staats 1.000 Co $16.50 at lows: to (1) New York, Airey, President, Oct. on 10 said Shortages suffered of serious no part: working capital interruptions and sales at were all-time an peak the long-term view, the maintained company deliberate a retarding upward adjustment of selling prices. This was the accounting for a lower rate of net income compared biggest factor in to prewar and Such years. increases policy a incentive toward strengthens customer relationships economical more operations, with re¬ ocmpetitive postion. During year the net income rate showed an upward trend and operating efficiency increased as this policy demonstrated its effectiveness. sulting improvement the in company's the income Net share This on a in net refund final income credit Bank First was wiih under for $43,811 arc 1945. an rate Net deducting a and the treasury at $11.50 50c the but less 96 cents share a at renegotiation fiscal than GIVING 1945 year the statutes amount-provided National for Bank $2,500,000 deferred bonds of will the be for Detroit, used tem¬ during the repaid was of year. interest, was -1 '/2% 1 '/4 be like a a as shares of 2,240 (2) fol¬ applied amount share, of series; used for additional in the form of cash notes or or EFFECT TO PRESENT retired payment three years at from in $7,800,976 the par, book to $3,675,000 Unlimited 440,000 payable—current subordinated serial pfd. conv. stk. notes ($10 $500,000 par) Oper. par) 400,000 shs. *143,418 shs. Class B com. stk. (no par) 7,500 shs. *On Oct. 1, 1947, company called for redemption on Nov. 1, 1947, all of the then outstanding shares of cumulative preferred stock ($5 par). During the period from July 1, 1947, to Oct. 21, 1947 (last date on which conversion stock and to At in of the Nov. necessary to effect the stock as of that date. tDue 23,970 number 143,418 to outstanding. exercisable), 23,9,70 shares of preferred shares of class A common stock, were into the 2,240 increasing stock rights converted were reducing 1, shares number 1947, redeemable of the redemption shares company and Nov. on of class had retirement 1, A common taken of the 1947, all steps cost preferred of $37,163. fund value of stock common is stock On provisions were Jan. of purchased 1, 1948, the in preferred the market the conversion installments Dec. 31, 1949 to Dec. preferred stock changes from the present 1 '4 shares of commonshare of preferred, to one share of common for each share preferred and the redemption pi ice changes from $22.50 to $21.5C each preferred 31, 1954, UNDERWRITERS—The of shares underwritten by of names each are the ACCOUNT FOR YEARS ENDED JULY 1C47 Net sales Sills, Minton & underwriters and Straus Dudley H. Waters & Co.— Chace, Whiteside, Warren 7,000 Woodard-Elwood & Co.— 5.000 Depletion on income disposal 1 Depreciation and Interest and for Estimated Inc 5" Edwards & Sons G. o Belden, Sears, Inc 3,000 Inc 14,688,938 19,717,127 366,771 240,548 467,515 295,682 $14,992,898 280,262 Federal 217,686 352,899 301,086 2,432,153 2,277,778 3,076,441 3.049,031 262,500 217,500 340,591 — taxes 262,294 108,000 108,000 144,000 144,000 3,945,330 3,509,580 5,016,142 4,779,251 $7,303,638 $4,658,774 $3,440,738 $6,457,224 BALANCE SHEET, __ income on Net income — - plant and equipment, ASSETS—Property, securities, $3,474,526; deferred notes and materials lesso, $23,106; $11,904,907; and accounts $2,440,912; or cash, $67,870; $30,000; C, U. supplies, items, Treasury (less appliances, total, miscellaneous, tax series $71,132), notes, of reserve etc. (generally at cost other current assets, $243,996; $336,553', 1947 30, $131,911,799; S. receivable prepayments, debit SEPT. $150,433,669. LIABILITIES—Capital stock ($10 par), $54,990,000; earned surplus, $7,642,*750; notes payable to banks ($1,500,000 matures within one , $26,500,000; payable, accounts for construction, tion aid in notes, $324,361; customers' advances $846,594; etc., depreciation, depletion and amortiza¬ accident and surplus reserve, $1,550,125; $48,647,381; reserve, contributions $2,046,755; customers' deposits, $4,886,836; other taxes, $1,097,390; income, interest on customers' deposits and of construction, V. 166, $343,738; total, $150,433,669.— 1152. p. Longines-Wittnauer Watch Co., Inc. (& Subs.)—Earns. 6 Months Ended Income Shillinglaw, Bolger & Co. 2,000 3,000 Net setting occasioned in the oper. expenses Total oper. expenses $791,966 1946 $1,091,043 income. oper. 1944 $581,582 749,385 460,765 392,470 $341,658 $202,001 $189,111 54,364 taxes. 75,485 29,494 111,996 72,338 45,418 $154,175 $100,168 $58,045 _ income Net -V. 166; p. lesser sales $1.24 "The differ¬ method new adopted was during believe, non-recurrent for we of this perTotl this November year the is greatest system continue seven remains the delays months tho of greater than sales for the while the present backlog of company's history despite the year, in the in still the sales somewhat preceding allocation to already were the of orders necessary the 1. substantially The force. allocation system greater the found has company as than demand for it its production."—V. the 3395. p. Louisville Gas & Electric Co. (Ky.)—Weekly Output— Electric totaled of output this week compared as last the for company kwh., 34,922,000 corresponding year, an week ended Nov. 31,844,000 with increase 22, kwh. 9.7%.—V. of for 166, p. 1947, the 2105. At Lowenstein meeting special a adopted Employees' an and officers certain and provides employ. the total of plan options the of not on employees additional on the the become may three part and issued of a 1949. stockholders it possible owners continue to be makes periods 1948 Option Plan common which incentive 1947, Stock — 20, Plan, to shares common the close of board, Nov. Option shares during a toward allocated will 60,000 $21 at beginning Sons, Inc. & held Stock in and few of the tho com¬ sold under weeks each Directors have Leon Lowenstein, Chair¬ Archie O. Joslin, President, recommendation of who, together with participate in the benefits of the plan.—V. 166, p. 1685. 85,647 101,435 $163,986 income of as fiscal unfilled A 1945 $662,767 472,180 Other deductions states: in part to a adjustments which somewhat $525,692 $1.09 board, attributed the to $464,821 shares the of by certain temporary and, months pany's $319,785 — 1946 Not Stated manufacturing program. present 165, be for year-end part "However, seven taxes common Chairman may reserves in and 400,000 on Cartoun, earnings up and year charges share Fred in ence after per M. Mr. business Year's Ended Dec. 31 June 30,'47 Tolal 1947 $779,808) 314,987 ( profit Earnings for 6 Mos. End. Subsidiaries) Sept. 30— charges taxes (M.) 2.000 CONSOLIDATED INCOME STATEMENT Federal after Profit 2,500 cago soon Sherrerd— & & & 1356. McBee Co., Dayton, O.—Places Loan Privately—The manufacturer of special office equipment, it Nov. 26, has arranged term loans with company, announced was estimated to v/ar of and $20,196,665 $13,345^500 17,669,949 12,823,429 375,831 273,193 723,257 postwar income taxes adjustments dividends paid: per paid. common 1947 needs of its 1946 37,390 Net sales to Other customers, less discounts and allow. income, less sundry income deductions $62,651,192 14,817 $41,735,579 Cost" income of sales; trative $62,666,009 $41,821,245 including expenses Prov. for deprec. Prov. for Fed. discounts and of prop., and selling Can. and adminis¬ received on Earnings 53,991,852 plant and equip taxes 37,688,302 744,714 488,036 3,120,000 income 1,451,000 Cr732,000 Net income : Earned surplus, Jan. share ,::Loss. $707,461 $4,809,443 $2,193,907 17,112,528 1 13,863,521 $470,231 90,217 Dividends stock $0.96 30 divs. peyt-com. Working cap. on paid share— June 30 Earned common surplus, Sept. Number of shs. Earnings per of com. common 30—,— . 1,615,860 1,210,395 $20,306,111 $14,847,033 stk. outstdg. at Sept. 30 807,930 806,930 share $5.95 " ' $2.72 1945 1944 $20,667,848 $21,704,255 610,826 187,407 308,445 144,909 226,177 104,672 73,055V3 5,376 5,814 Vs 5,8015/a $32,130 $2.24 1,671,137 $33,615 Nil 1,161,962 $34,849 $1.45 636,399 $29,795 $1.57 318,787 6,000,000 None 3,097,000 6,000,000 bonds on June 30 5,320,014 705,799 2,772,578 2,127,823 Backlog on June 30 36,946,114 36,939,108 50,469,798 32,817,G2-4 Bank loans on June 30- Cash on 97,873 201,458 $21,921,971 $16,057,428 *491,134 *226,134 outstdg. shs. June Preferred taxes outstdg. 30 June Earns, Total;. 308.613 $1.59 shares on 1946 $6,562,001 5,355 after Common taxes— 835,870 M<540,870 226,387 before Earnings on 1947 $11,172,427 Sales Preferred re¬ Aircraft Corp.—Annual Report— McDonnell 85,666 Years Ended June 30— Total Cr250,000 —— dividends Nine Months Ended Sept. 30— $500,000 to meet the expanding business.—V. 165, p. 1730. Co. of New York in an aggregate of Subs.)—Earnings, Etc.— 450,000 taxes income— income Preferred Federal income Federal (& 88,317 16,804 refunds for stored Earnings expenses expeuse Provision *10,744 976,620 (other than depr.) amortization of properties administrative $13,267,927 69,090 properties income Common 1946 85,563 of ^ Manufcct'g cost of goods sold Net 1947—12 Mos.—1946 10,915,383 $14,331,883 $10,989,318 $18,370,811 abandonments Lease First Securities Co. of Chi¬ 5,000 & Goodwin Butcher No. of Shs. Frank Buckley Brothers Bond number 16,000 Co Blosser & the 30,500 Co Edward D. Jories & Link-Belt Co. 31 $20,042,012 Profit Other Reserve Sub.)—Earnings— the New York Trust Co. and The Mutual Life Insurance" INCOME Selling credits—. charges Income follows: as share. Total 1947.— 15, $13,965,112 $10,748,770 $17,903,296 $14,697,216 Depreciation products rate the (& 15,443,977 income customer semi-annual inclusive. Net purchase Dec. on $29,409,0^9 $21,664,153 $37,620,423 $29,386,154 ___ income income Gross man the (EST) p.m. 1947—9 Mos.—1946 deductions— rev. Other 7,500 shs. the After revenues Operating 90,000 shs. ($5 to at 3 500,000 100,000 shs. stk. A cannot $8,099,707. before or End. Sept. 30— Operating Outstanding Unlimited payable—current notes acquired indenture, at Star Gas Co. Lone Period FINANCING com. Class A. amounting the former Central Specialty Co., terms was received. was Y., 1994. (Exclusive Swiss notes on surplus. Bank and S298.731 stock with shares of 1,790 for per convertible company $27,800. preferred share. retired the to increased accordance stock, bonds obiigation of of assets $16.29 (In 5% According anticipated, annual of CAPITALIZATION, was or Manufacturers Arbor Ann the the earned to The and mortgage $83,400, in $707,461, or $1.59 preferred stock dividends. $470,231, porarily to the extent of $1,000,000, which be 1947, deducting of company credited was of Detroit The July 31, After settlement required and year the 1947, will loss the of when line at-$1.217,750) No. of Shs. liability cleared A 1, stock, stock. common that stock. with resulted All ended year from operations of $511,769 in the previous because of tax refund and use of reserves previously pro¬ which, vided, the common compares year, The ior so N. receivable. 75c'cum. $20,042,012. Taking policy of reimburse Nov. on preferred accounts +33/4% in wages and salaries, rising costs of materials and adjust¬ selling prices presented problems at different periods. of materials continued to be troublesome, but production of (estimated Authorized Increases in Logansport common stock desiring to accept the abova by depositing their certificates with Bankers Trust Co., do p. year), $25,760 to redemption cumulative 1,000 King-Seeley Corp., Ann Arbor, Mich.—Ann. ReportJohn financing of purchases and sales of personal handled. 18 Jl. p. of may 166, Nov. 14, 1947, Schenley Distillers Corp. has; from stockholders of Logansport Distilling Co., holdings of the common stock of the latter company share less cost of transfer stamps. $1,557,739; Federal taxes on 2 % -2 '/» ri< ments made and in. 166, p. 1357. dated per Holders BUSINESS—Corporation the are is shares their offer 1,000 Cummins, Inc. & loans and $444,500 and 6,114 purchase of all Inc.. CONSOLIDATED 1932. PURPOSE—Froeeeds 1,000 1,000 C. Roney Wi lit small 1946.—V. by 1947 in 1947 in ((Represented notes. 1947 and $612,537 in $9,629,447 of $56,601 Logansport Distilling Co., Inc.—Offer Expires Dec. 15 of Co. as radios, washing machines,, refrigerators, etc., and Company and its subsidiaries operate 38 offices in Illinois, Maryland, Michigan, Virginia and .Wisconsin, through which property deducting tax and 7,114 shares in Co. 1,000 . Inc & en Trust depreciation ease. such livestock. 1,000 - Co. & Lester & Co 2,500 Co A. number Co Cleveland First Co. (Inc.) Inc. 166, the 1, under ances, and Dunbar B. Dec. Indiana, Mason-Hagan, The of¬ follows: 4,500 & shares Exchange. Underwriters as are the AND Northern accounts of $688,600 ior J After net of involuntary dividends in each doubtful reserve Treasury after amount tAfter S. a consolidated an case for reserve in including was incorporated in Dela¬ Company is engaged in the business of lending provisions of State "Small Loan Laws," and of iinancing. the purchase and sale of various types of personal property, such as new and used automobiles, farm equipment, household appli¬ money (including Registrar: HISTORY ware 5,330 Co Clement Drll 1,363 $46,791,391 $38,716,831 — one sinking fund commencing with May 1, 1951, a liquidation, or redemption liquidation, to Transfer 1.20 5,360 Co. Republic —V. 1,307,949 153,382 15,399,544 14,847,033 97,893^ treas¬ as - 1946. into then year dissolution current Chicago. 3.00 4,500 Allyn & 15,399,544 20,306,112 exchange— (issued 81.4,044 shs.) reacquired and held in common 1953, for of each year, 1 the to the voluntary then 2.20 Corp Jackson Central Loewi Canadian other surplus 1946. In deducting therefrom the amount of dividends accrued during such calendar year on preferred stock outstanding during such calendar year or lb) the sum of $100,000. Entitled, in preference to common stock, in 3.01 Co Cure's C. and stock After in stores Nov. on including Dec. 31, and share of class A a including before May. or sum earnings 2.13 the of each Weeks--. Webber, York names purchased Securities Hornblower & A. 856,045 3,385,511 income declines value par no SCosl of com. stk. 1581. stock, and there¬ % of a share of class A common stock. Redeemable at the option of the company or through operation of the sinking fund at $16 per share on or prior to Dec. 31, 1949; and at $15.50 per share after Dec. 31, 1949; plus divi¬ after 9.74 shares common New UNDERWRITERS—The Paine, stk., 623,893 3,726,823 Dr95,713 Reserve V. convertible is class of 2,777,605 __ Ii. 403,465 605,947 i^e publicly offered 90,000 shares ($10 par) 75 cent cumula¬ tive convertible preferred stock at $15 a share. 6,037,002 1946 1947 Union 1,067,735 774,034 taxes on inventory price contingencies Common $2,475,265 $4,285,123 1 than Fed. taxes on income Can. for 1,15 Paul 494,390 $46,791,391 $38,716,831 payable Dec. $10,055,062 $ Liberty Loan Corp., Chicago—Preferred Stock Offered case 1.05 1,561,319 shares on taxes other for offered 1.25 1943 1944 of 1,000 accrued liabilities sales contracts and dividend Reserve * 1947—44 Wks.—1946 $ 1947, during the same period in reserve subsidiaries. EARNINGS 1947—4 Wks.—-1946 prod¬ of dealers to $752,471 fered) payable tProv. for Fed. and ury 62,452,927 The manufac¬ Dividends a 103,977 1,455,715 $9,901,249 Sales (77.41'f of fence, types sold Amount of 4,028,117 95,189 1,819,388 — Lock steel of finished was dealers to v various gates balance building. approximale the line of 1938 of 387,647 — ^ $ of for 111,200 1,819,520 Kroger Co.—Current Sales Increased 30%— four Ihe manufacture and in third sales posts of fabric CONSOLIDATED a Prov. 83,400 1,783,720 value) par value) par Period End. Nov. 1— and subsidiary, Jefferson Trust owned), is engaged ,in the general During the fiscal year lo47, approx¬ brand" mesh, portion concrete struction stock _o..k, Co., subsidiaries Two manufacture A company's "red chic large a collections Common Total ihe Continental ucts, approximately one-third of which was special wire for turing purposes sold cVrectly to manufacturers, one-third was in (50.05% Peoria, the 1947, Peoria. products. and other banking business imately Advance 842,596 387,647 ($20 "HfiK, a''p o-.,cagu; & 20, he rl Chicago; r^te0 Bank wire Savings Bank of Peoria Feb. issuance, Savings Bank, and Commerce owned) are hardware 418,273 2105. p. 33,690 569,575 — Accounts $697,553 thereon deferred int. stock surplus surplus surplus 166, 13,656,795 33,690 profits taxes excess and miscellaneous taxes 638,151 Total —V. the company has banks payab.e over a five of group BUSINESS—Company is engaged principally sale and shares 625,000 insurance, Earned *62o,000 shs. the .in outstanding, Such Tru.,t & Mercantile Truot a date S9,500,000. Harris Trust National York; Jefferson shares common from years amount by Illinois New the of five aggregate amounts included are 25,790 „ Investment—Link-Belt Ordnance Co 437,844 taxes income Outstanding 84j,uOO shs. offered now to series a period value) par 12,052,762 33,052 11,377,340 $9,870,598 4,013,763 conv Common Federal bonds and mtge. 5% cum. 540,000 7,095,285 15,749,487 and equipment p.ant refund of Canadian $582,147 other items payrolls, taxes and Reserve market or outstanding. In, addition issued (no shares cost assets current 365,000 8,203,144 (trade) of LIABILITIES— payable Accrued Earned Authorized Common securities lower at Total Appraisal CAPITALIZATION 1,522,600 receivable tProperty, Postwar LIABILITIES— Accounts Davis & Co. and Union Securities Corp. on Nov. 25 of¬ fered 41,270 common shares (no par value) at $457/s per share. The shares offered are being sold on behalf of marketable *Accounts 1946 $5,566,712. $8,187,910 securities Inventories 71 < 30 1947 Govt, Other 2105. p. SHEET, SEPT. , Prepaid Total BALANCE ASSETS— 1,501,730 3,640,958 refund cf insurance CONSOLIDATED 31 $933„630 1,565,342 38,230 — (2211) 1946 $1,476,130 of $17,359) reserve market Estimated JULY ENDED YEARS „ Cost foreign properties Argentine; Havana, Aires, CONDITION, 1947 Property accounts addition operated FINANCIAL Cash continued Black OF CHRONICLE FINANCIAL & ASSETS— Accounts parent company announced that "although the firm has main¬ a plant in Mexico City since 1934, its facilities became in¬ tained COMMERCIAL and S. *Loss. U. Govt. THE (2212) COMMERCIAL Monday, December !, 1947 CHRONICLE FINANCIAL & •■iW, BALANCE ASSETS—Demand U. S. Treas. in and banks fees under $6,832,253; cost-plus-a-fixed cash deferred $207,117; inventories, life of an officer, reserve for depre¬ contracts, fee value surrender insurance of cost i on after estimated, $12,642; refund, tax research and development expenses, $6,059; prepaid ex¬ charges, insurance deposits, etc., $89,716; patents, applications and trade mark, $4,374; total $13,064,159. SEC— company Atwill to and Nov. on 18 The company will use its proceeds Miami Beach, Fla. Co., off loans. pay patent LIABILITIES—U. tracts, S. payments on fixed price con¬ accounts payable (trade I, $236,851; employees' $68,236; accrued payroll, $196,567; accrued taxes, $9,485,812; payroll deductions, Navy progress income, $146,000; miscellaneous accruals, $23,580; preferred dividends payable (paid July 1, 1947), $8,033; provision for Federal and State taxes on income, $295,673; reserve for modification costs, $686,253; non-cumulative 6% preferred stock (par value $100 than taxes on share), $535,500; common stock (par value $1 per share), $226,387; capital stock, net of discounts, $356,425; capital surplus, $52,957; earned surplus, $745,878; total, $13,064,158.—V. 166, per Insulator Mica Schenectady, N. Y.—Loan Placed Co., Privately—The company, it was announced Nov. 26, has arranged for a term loan from The Mutual Life Insur¬ ance Co. of New York in the amount of $1,000,000. an needs of expanding will be used to pay off company Michigan Bell Telephone Co.—Earnings— ($10 par) 5% Net operating after —V. The opening the United subsidiary week. will of The be of a United Mackay located in Cable radiotelegraph (Dutch Surinam and Havana, American direct high-speed, new, States and States $71,017,110 $67,744,514 236,630 172,842 $7,754,705 $8,624,727 $7,731,740 $70,780,480 $67,571,672 5,8.10,173 5 i,0ao,i < 9 to,o30,u56 948,538 7,851,817 9,321,131 22,965 Guiana) Radio & and circuit end of the circuit in the United States while the terminal in Surinam will be Radio York New $570,266 $353,029 $5,913,484 $9,554,905 530,035 income- 945,357 5,762,930 9,472,959 1582. p. Michigan Consolidated Gas Co.—Earnings— between this company, an operating Corp., was announced last by Cuba, 7,30j,b20 744,541 charges 166, Mackay Radio & Telegraph Co., N. Y.—New Circuits— the 1947—9 Mos.—1946 1947—Month—ly46 $8,658,549 33,822 — rev._ oper. Operating revenuesOperating expenses Operating taxes Net between revenues Uncollectible 17 fi ed Nov. on 12 Months Ended Sept. 30— Operating Gas revenue, purchased $38,702,643 $30,864,525 8,853,470 9,813,611 8,735,999 15,287,215 resale for Telegraaf Telefondienst Suriname, and the facilities in Havana by the Radio Corp. of Cuba. All classifications of -traffic—government, press and commercial— and Maintenance will be the handled The American communications affiliated is Radio also a Cable the circuit. new Radio & service with by which Corp., furnishes of Cuba provisions therefor plant acquisition adjustments State, local, and miscell. Federal taxes Federal income and excess profits taxes of Amort, utility 2,134,154 63,420 2,769,798 2,134,086 worldwide cable and radiotelegraph transmission, Telephone & Telegraph Corp. The both International with the Cuban Telephone Co., subsidiary of I. T. & T.~and provides radiotelephone as well telegraph service.—V. 166, p. 1685. Corp. radio the over Administration, Communications Government 1,862,132 2,755,078 1,647,535 69,241 2,993,146 1,295,117 Depreciation by Operating $4,841,697 $4,311,462 247,247 income income Other issued and Total $5,088,944 . 1,383,950 deductions Perlod End. Sept. 30- 1947—3 Mos. Earns, bef. Fed. for Prov. Net inc. inc. Fed. 142,022,443 133,248,113 4,913,047 11,308,106 16,342,021 1,866,958 4,297,080 6,209,968' 3,558,377 taxes 1,352,183 profit share-- "Earnings per com. sh._ $1.05 pfd. per 7,011,026 $4.97 preferred dividends.—V. 166, p. 667. 166, The the Annual Report — Myer-Bridges Nov. on been not was founded in 1869 as a charter in 1904. Early in its typical woodenware house, carrying such lines as tubs, buckets, cordage, bags, brooms, mops, etc. The business has been successful and has been conducted along the same lines of general business policy for many years. In 1940 the present manage¬ ment took over and the business has been broadly expanded. The lines now distributed by the company include electrical appliances, furniture and floor coverings, household hardware, housewares and sporting goods. Company is distributor for many of the country's leading purchased was plant is erection and under way. now tional stock during the in Masonite With year. 96,800 additional 1948. Africa, Ltd. stockholders Africa, the total common stock of oi and general profit from income—net Net profit before income 1,830,406 $7,206,061 $4,416,278 207,081 from Gross from Net Net ry. Provision $4,620,939 297,000 240,000 2,735,000 2,020,000 $4,381,142 for $2,360,939 taxes Fed. and Net from Net ry. taxes profits excess profit on Dividends pfd. cum. into to Sunray Oil Corp. stock series 4%% 157,500 on common stock 1,200,000 900,000 Earnings per common share $7.30 with fi'ed the Dec. on will 6 York New Stock Exchange 166, p. copies of "After provision for of $460,196 depreciation and and depletion and amortization of $477,141. SHEET, railway 47 1945 1946 $55,224' *.$820 v* x $144,872 Govt" ccst—_I— "15,900 j,. "39,633 r "551 "133,045 1,262,203 73,466 1,721,828 "30,425 515,216 "145,974 railway railway income "121,949 "310,123 185,178 166, • in excess er of or less, which Decision with mutual panies, prepaid insurance, employee advances, etc insurance travel and at applications patent This the RR.—Time to less cost $2,950,000. after which 1942, to this giving Revenue deficiencies pay 1943 and in that for the "will enable the railroad 1944 Internal Revenue agreed that the to spread payments which amount to 1950 502,067 139,676 7,162,583 etc. 4,984,786 Provision Interest -V. payable to gold bonds to be pledged with the Internal Revenue security for the payment of deferred installments 166, 1 ; 405,014 Accruals, payroll and commissions Accru. taxes, other than Fed. & state inc. taxes Miscellaneous accruals JPrsv. for Fed. & state inc. taxes and adjust.; NINE FOR MONTHS SEPT. ENDED war Advance contracts from foreign purchases, etc. stock, without shares) affiliate for 177,529 162,993 418,150 Interest and other misc. income 1947 30, equipment 248,598 par 179,889 9,000,000 value 3,340,415 8,007,595 (outstanding 600,000 surplus ^ "After reserves 1947 and for allowances $133,550 In 1946. in 1947 and doubtful $16,562,273 $12,598,992 accounts of $210,492 in tAfter reserves for depreciation and deple¬ $3,833,878 in 1946. tAfter deducting XJ. S. Treasury tax notes bf $2,629,580 in 1947 and $2,241,04o: in 1946. J—V. 164, p. 955. "V*: A..' ■ iry.. tion of $4,100,516 and $l,603.1S'l $1,907,402 for 166, dividends common 303.763 303,762 $1,304,418 $1,603,640 pfd. stock. surplus-- and 1358. p. Months 12 Operating Selling, general, Provision 340,859 3,882,580 1,393,800 and other expenses--, admin, for taxes income $1,959,195 -—-—: 531,000 $3.69 share per ASSETS—Cash able—trade (less BALANCE banks in reserves), Co.—Earnings— - taxes, • - Federal $69,526; serves, for been who has $5,199,375; other assets, $656,638; . ... accruals—wages, other etc., $1,495,8'36; 439,846 789,719 784,267 for prov. inc. before Fed. (net) plant & equip. property of of before inc. Other inc. 810.449 775,369 $1,309,833 Fed. $1,504,191 taxes) taxes 48,660 41,064 $1,358,498 $1,605,255 100.000 100,000 __ serial on taxes, etc notes 47,311 during Net discount and expense.-. construction taxes income 166, 35,267 2,608 Cr3(3,678 Crl6,363 346.814 debt 2,608 422,459 $898,443 of Federal income -V. income Fed. interest ilntterest $1,061,285 1484. p. New England Butt Co., Providence, R. I.—Stock Of¬ fered—Company is offering to stockholders the right to will Proceeds and for used be for the working capital.—V. purchase of 166, p. (no par) at machinery and equipment 1790. to above of the board. Mr. Host had Utilities Co. To — Issue the be properties 166, be Co, used sold and Provident made p: Insurance Co. pay ■ of Mutual New Life for additions. to. the necessary 1357. the Nov. 21 week is reported at 211.777.Q00 cu. ft. 43,160,000 cu. ft., or 25.60'; above production for the corresponding week a year ag,6.—V. 166, of increase on ft. New Haven Clock & Watch Co.—Par Value Changed— certificate of incorporation, the company re¬ cently changed the common stock from shares having no par* value to shares having a par value of $1 per share, on a share for share basis. Transactions in the new $1 par shares were recorded on the New York Curb Exchange beginning Nov. 15.—V. 165, p. 1318. amendment By its to New Orleans Public Service Inc.—Stk. Sale The SEC on to supply ' the Insurance Co. Proceeds company's public. utility demands for its service. . .. -■ 21 Nov. shares 199,642 of approved an stock common its common ' -' company on stockholders «at 9,707 shares of common stock to be offered" at $25 will Proceeds underwriting. additions.—V. 166, p. be announced is the that used to finance 1257. New Orleans, Texas & i $25 • 20 fi'ed a letter of notification Nov. Approved application by the company to sell to share.- for a with. fthe SEG share; without improvements1 plant ( 1 . Mexico Ry.—Interest Payments- following interest payments will be made beginning Dec. 1, 1947, at the office of J. P. Morgan & Co. Incorpo¬ rated, 23 Wall St., New York, N. Y.: . The interest due April 1, 1945, to Oct. 1, 1947, inclusive, amounting 16V2% to and to and on the first The 15% on mortgage 514% the first mortgage 5% ' Mutual Life Insurance Co, York, The sinking -fund to Northwestern Mutual, Connecticut Mutual Life to for output is It of interest to date of sale to Northwestern would output 2106. $2,000,000 to applied and Insurance electric reports This is an increase of 1,508,431 kwh., or 10.53% of 14,324,872 kwh. for the corresponding week a 168,617,000 cu. of Association this 21, Nov. ended kwh. production Gas This and 1946. $500,000 Mutual Life week ago. year $2,500,000 Sinking Fund Note— has the 15,833,303 The President succeeding Maersk McKinney Chairman made since issue Electric Association—Output— New England Gas & For of re¬ $27,041,623.—V. 166, p. 1053. the Federal Power Commission for first mortgage bonds. 3% series due Nov. 1, 1970; $1,500,COO of first mortgage bonds, 3%% series due Sept. 1, 1972; and $2,500,000 of 3%% sinking fund notes, due Nov. 1, 1967. The $500,000 of 3% bonds are proposed to be sold at 97.978 and interest to the date of sale and the $1,500,000 of 3Va % bonds at 100 —V. inc. Interest p. 1947 30, payable—trade, $844,824; accounts payable— State taxes on income, $1,950,898; other been elected been company authority would 3,502,729 435.394 (excl. Amortization Steamship Co.—New President* etc.— Host has Montana-Dakota notes $7,066,402 4,529,243 and $111,903; Vice-President The 1946 $7,904,743 retirement income Net $2,241,767; capital stock ($20 par), $10,620,000; capital surplus, Moller Moller 1347 30— expenses taxes $4,221,927; accounts receiv¬ accounts receivable—other, on inventories, $13,385,987; notes receivable—non-current (less $203,443; investments; $273,700; property,'plant and equip¬ $27,041,623. accrued SEPT. SHEET, hand, $2,971,159; and (less depreciation; $10*976,336), other, Sept. Maintenance 25,749,647 of sales Depreciation Net Ended revenues $33,326,081 and Total 1,314,183 writers. 64,191 (net) Total Bonds and 5,754,794 Common Earned 108,091 698 443 1,315,920 charges dividends before Operating $33,261,891 107 668 527,420 _ for 274,191 197,462 251,456 other and 934,577 630.002 tax income $100 per share on the basis of two new shares for each five shares held. Barrrett & Co., Providence, are under¬ (net) r — Federal 1,281,431 subscribe for 1,000 shares of common stock 1892. p. Carpet Mills, Inc.—Earnings EARNINGS Thorkil , 1,044,977 1,360,206 New Bedford Gas & Edison Light a LIABILITIES— 6,076.491 997,926 for Balance with interest, some of which has $3,700,000, Mr. Morfa said. asked the Interstate Commerce issue $10,000,000 of temporary prior 93,856 $16,562,273 $12,598,992 - has $567,582; earned surplus, $9,139,228; total, 81,388 80,916 $14,425,034 $13,257,504 1,136,304 some company authority taxes.—V. ment trade-marks, earnings 7,376,544 and collateral as Mohawk 1,592,224 178,962 1^46 Operating costs, other than those listed below deficiency, totaled mortgage 4% $129,394; 226,561 1947 $14,207,765 $13,176,588 revenue company income of Bureau until tax paid, added the the have The been Collector of for LIABILITIES—Accounts L Accounts 10.000 shs. 44,000 shs. Maintenance Other Internal of within taxes could company total, amortization Total $170,000 Depreciation Pay Tax Defi¬ capital board, reserve), _ and FINANCING THIS $25) (par 217.319 gross Prov. unexpected debt to the U. S. Treasury without reducing below current requirements." announcement was made on Nov. 18 by R. J. Morfa, Chairman working 237',874 other Investments in foreign affiliated companies, tPlant and equipment--, . Patents, OF 1960 1, income 1,886,821 this meet to its 2,617,381 corn¬ operating Oper. Bureau period profits excess of the of extended 1946 <bO 7S4. 917 is not markets deposits to Narragansett Electric Co.—Earnings— 16,790 ciencies Extended— an 1,959,724 Inventories, priced at cost and 54,760 > 1483. p. Missouri-Kansas-Texas l',050,'()00 "Receivables Premium loans 1790. p. Gen. 3,396,671 at 166, bank Nine Months Ended Sept. 30— $231,713 "1,470 "14,248 CONDENSED 1947 40 107 OHO _ Obligations of the U. S. —V. reduce to COMPLETION preferred stock (par $10) stock Common 1944 "13,581 "13,230 ^ income oper. Earnings AUGUST 31 ASSETS— CaSh UPON debenture bonds due Nov. cumulative Dividends declared on cumul. Capital shares outstanding " BALANCE used be 1995. $3.67 patents will capital. Taxes, other than Federal income tax (Del.). filed by the management soliciting material proxy held be Oct. 18, 1947, providing lor Nevada corporation) and Pacific dated (a 1 "Deficit.—V. Cost Net Dirs. paid meeting merger railway oper. from Sa'.es income a From Jan. 1 Gross 204,661 $7,413,142 taxes been Commission 10,201,656 1,808,507 expenses— operations Other State of (Del.I the to special a corporation September— lien 16,324,390 Selling, administrative this Corp. addition He etc. $25,338,958 $16,448,340 allow., comm., working CAPITALIZATION 4%% corporation a was manufacturers. Balance 31 1946 1947 "Net Mason¬ ENDED AUG. YEARS sales of of Oil already COMPARATIVE INCOME ACCOUNT FOR Cost board Ltd. Sales, net of freight, agents' at agreement an soliciting material by W. G. Skelly.—V. which ownership of approximately 36% ite insulation purchase wc acquired rights to purchase when exercised will give Masonite Corp. this shares and this plant is expected to begin of 348,410 shares of addi¬ at a cost of $362,391 was made of purchase A BUSINESS—Company secured PURPOSE—Proceeds Total Missouri & Arkansas Ry.—Earnings- the Union of South Africa hardboard the of Operation during the latter part of in and company Gross have completed. at Estcourt AND partnership history the $1.07 1256. p. proxy plant 10,000 shares of 6% cumulative pre¬ Dividends begin to accrue Nov. 4, 1947, and are payable quarterly on Jan., April, July, and Oct. 15. Registrar: The Kentucky Trust Co., Louisville, Ky. Transfer Agent: The Louisville Trust Co., Louisville, Ky. 3,044,855 outstanding there During the year ended Aug. 31, 1947 by action of the board of directors, the amount of $5,659,585 was transferred from the company's surplus account to its capital stock account.' This action was taken as a result of a study which disclosed that " at least this amount of the surplus account was permanently invested in the business andl-that by making this transfer to the capital stock account some recognition would be given to permanently invested capital. Capital expenditures amounting to $2,570,181 were made during the year just ended compared with $529,367 made during the previous year. Funds ior these expenditures were derived from current workingcapital and amounted to $4.28 per share of common stock compared With $0.88 per share for the year ended Aug. 31, 1946. The plant expansion of Masonite Corp. (Australia) Ltd., which practically doubled its capacity, was completed during the year ended Aug. 31, 1947.* The plant expansion of Masonite Co. of Canada, Ltd. has been started but due to delays in getting the necessary equipment The site for the new offered 1 Louisville, Ky.—Preferred Stock Bond Co., Inc., Louisville, Ky., Co., Bankers ferred stock (par $25) at $26.50 per share. Proceeds will be used to reduce bank loans and for working capital. $2,973,619 3,044,855 $1.13 stock share merger In Eugene Holland. — President, said in part: has Chicago of Co. 1593. p. stock Offered—The Mission Corp.—To Vote on Consolidation— Western Masonite Corp. Trust 166, Chicago, and associates Blosser, Other —V. $67.55 $3.36 shares per consider ■"After 190,000 $3,163,619 190,000 $3,455,770 preferred on Common Earned 10,132,053 $46.74 3,046,089 $20.31 $1.49 2,206,194 $14.71 Earns, $3,645,770 Balance $ 44,574,503 tax and Co.—V. Trust of % of fee on the unused notes would be 1947—9 Mos.—1946 -1946 $ 46,265,183 sales Net income Dividends These on Nov. 26 convertible pre¬ (par $10) and 100,000 shares of common stock (par $1). The preferred was offered at par and the common at $5,625 per share.—V. 166, p. 1357. $4,547,570 1,443,173 income income Net Bank National banks lending bank. each and commitment Products Co., Inc.—Shares Offered— Munising Wood increase Gross Bank There stated. A the to of Illinois Hanover & paid commitment Continental Central 6% Marshall Field & Co.- -Earnings— to the stock would be no issuance of the preferred company transaction. be wou.'d annum of Straus 236,107 | (net) associated is per the bond the Date of 1950. determined, for HISTORY 1946 1947 , gas Operation Lands Operated 1% ferred Period End. Sept. 30— a letter of notification with the SEC cumulative preferred and 20,000 shares (no par) common Tae shuivs are to be sold in units of seven shares of preferred and five shares of common for $75 per unit. Underwriter, Clair S. Hall & Co., Cincinnati, O. Proceeds will be used for working capital and general corporate purposes. The been offered 50,000 shares of 5% cumulative business. Operating for 28,000 shares 1947 to Dec. 31, 1, not balance existing loan with The Mutual Life and for meeting the Proceeds 1685. McKay Davis Inc., Toledo, O.—Files with SEC— Dec. underwriters premiums paid in on p. company has applied to the Federal Power Commission for authority to issue $5,500,000 of 3% first mortgage bonds due July 1, 1975, $5,500,000 of 2'/a % secured promissory notes, and 22,000 shares of 5% cumulative preferred stock (par $50). All of the proposed bonds would be deposited as collateral for the secured promissory notes which would be issued at various dates during the period from has deferred penses, i i The filed a letter of notification with the SEC for 33,334 shares of capital stock being offered on behalf of the company and 66,666 shares of capital stock on behalf of selling stock¬ holders. The stock will be offered at $1.50 a share. Underwriter, The i' i Mountain States Power Co.—To Issue Securities— Beach, Fla.—Files with Maule Industries, Inc., Miami hand, $5,316,012; on (at $13,539; property and equipment at ciation of $168,978), $79,015; Federal other 1947 cash cost), $4,002; notes receivable $05,000; accts. (alter prov. for doubtful accts., $2,000), $434,764; unbilled costs receiv,, and JUNE 30, SHEET, deposits bonds hi " interest due j Aug. 1, to Aug. 1, 1947, inclusive, totaling gold bonds, series C, due, 1956, and the first 111/4% the .first mortgage 414% on Above mortgage 1945, 12V2%-on ■' gold bonds, series A, due 1954, gold bonds, series B, dqe 1954, 5% gold bonds, series' D, due. 1956.... . :«•, payments on bonds represented by certificates of deposit will holders of record at the close of business on-Nov. 28, 1947. be. made, to The New York Stock and certificates of Exchange on that the bonds, above-mentioned Nov. 21 directed deposit'therefor, be quoted ex the Volume interest 166 Dec. on bonds, and certificates ^f deposit continue to be dealt in "flat," and the bonds 10 be a 1, 1947; therefore; shall delivery in settlement 1947, must THE Number 4651 of the carry the that Exchange and 1948 made beginning Dec. 1, coupons.—V. 166, p. 2106. , Power Co. Power New York New Haven Hartford KR.—Equipment Trusts Offered—Harris, Hall & Co. (Inc.) and associates on Nov. 26 offered 2,820,000 2Vfe% equipment trust cer¬ tificates at prices to yield from 1.40% to 2.90%, accord¬ ing to maturity. Other banks making the offeiing are: Equitable Securities Corp.; Phelps, -Fenn i& Go.; Schoellkopf, Hutton & Pomeroy, Inc.; Bramhall, Barbour & Co., Inc.; The Illinois Co. and The Wisconsin Co. 1 The issue received the at Halsey, awarded was Stuart sale . certificates-are The u 98.7677 98.20979. of Hutzler, & Bros. Other 98.14 bids 2Vas; for Harriman Ripley 2%s; for & Nov. 15,, 1948 to Nov. 15—V. Nov. inclusive. 1062, .166, 1947. and 15, to are Nov. Semi-annual dividends 2106. p. oh 26: 7\'i 21 each The distributions shares FINANCIAL 100 of shares distribution made in Commissioner earlier tions are paid in of not. taxable lieu of of CHRONICLE American's stocks to less to ,(2213) the 10'; of the similar aggregating year ruled that The total with such and amount to Applications for have the been listing filed by of'their the Profit stocks common V. Dec. 22 American will, utility "companies Detroit Edison distribution since 1942, the on (through Wisconsin have subsidiaries, as Co. the of of each Potomac com¬ York New eliminated the stock and dividends), Potomac six Stock major stocks, operating 'companies other four Pacific-Gas & being Electric Co. (through stock dividends and public sale), St. Louis County Gas (through-sale to Laclede-Gas Light-Co.), and Cleveland'Electric Illuminating Co.' (through offering to North American stockholders and The the corporation York New amended of rate approximately continued Dec. The corporation tomers in in provides Manhattan 166, would central 12 proceeding remain from file to increase .average be will effect in until the Commission. service steam the to an rate will by higher the and $1,000,000 The schedules ordered Nov. on authorization in result rates. steam amended otherwise approximately —V. 8% which the received had it Commission, Service unless and 1948 1, that announces -Pubiip schedules corporation's rates 1,021,056 1,021,030 $0.71 rate from- English $0.30 £1 currency, 2,200 expected cus¬ add to annual revenue. 1791. p. Following the Dec. 22 distribution. North American's investments comprise Union Electric Co. of Missouri; North American Light & Power Co.; West Kentucky Coal Co.; minority interests in Wisconsin E'.ectric Power Co.; Potomac Electric Power Co.; Pacific Gas and Electric Co., and Capital Transit Co., and various minor holdings. Power Co.—Earnings— 1947—Month—1946 oper. S "S 30,242,312 27,551,700 259,461,328 246,463,197 85,921 revenues Uncollec. 1947—9 Mos.—1946 $ $ 48,755 565,471 441,271 revenue- Sept. 30,156,391 27,502,945 258,895,857 246,021,926 23,298,060 19,696,279 4,715,271 191,077,592 172,810,927 39,779,908 41,478,967 2,772,731 3,091,395 28,038,357 31,732,032 2,574,679 2,997,730 25,151,718 operating after income charges 166, liquidation. its New York Water Service Corp. (& Subs.)—Earnings— Years Ended Sept. 30— Operating Operation la47 revenues 1948 $3,270,765 plan a 1,374,942 __ 1,392,681 Maintenance 152,194 161,770 Depreciation 220,000 242,193 Real property Excise taxes taxes offering now taxes Capital stock -Federal .Net 18,882 taxes income 75,500 50% $946,236 $1,015,055 Dr7,304 operating Maintenance, for insur., (& 2,023 $938,932 long-term on of Amort, debt assumed Interest charged Net to 1947 revenues and oper. for admin, and exps. casualties,' uncollectible deprec. .and 1946 $ 180,114,552 163,805,213 prov. accounts 87.197,875 22,983,167 35,641,937 (including Federal" taxes income) on ;.Net operating revenues! Miscellaneous income... 65,916,834 25,419,05ft 31,404,729 34,291,573 amcrt 41,064,594 303.868 Crl,193 of income • profits tax payable.—V. 105, 7,050 to which 40 is American Aviation, corporation Douglas Calif., Aircraft War the The lease is monthly in comprises 14, cost several 7» at and The and land buildings about has Nov. on and (also 422,000 The 1947. held identified ft. sq. in 3, 10, preferred floor 1, area. value of $2,871,791. North Army American Air the at Aviation, Forces interim an has and Long Beach Inc., been The arrangement. facility is engaged occupying current is in production Units 1, expected of 7 2,240 increase to for and 4 employment to each share cash a Letter of 1949, 30, V. 165, is Intent. take to The lease thereafter or possession is terminable four upon immediately by months the execution on company prior SEC North to shares 1947, (par $10) 1947, rate the of and North (1) less will Electric than be issued Potomac, to such full share market price of such such payment North $17 share market price being stock Federal Sept. in lieu of • equivalent not estimates Wisconsin that of be rate entitled number Potomac based the on market the share full of at 23, shares of transactions rate of stock and of 1947, North in cash the gregating Electric be and paid above-mentioned the distribution of com¬ cash shares the lieu such the . North Wisconsin of approximately Potomac approximately stock. and be to shares, Electric to stock further stock American $20,112,198, common American North common fractional of such charge to capital surplus amounts ag¬ carrying values of the shares of Wisconsin respective Potomac in of to proposes distributions. such fractions of American North to lieu in estimates common the that with the stock at and the cash of distributed at of the capital shares of for will be provided by the restoration to capital surplus of remaining balance in its reserve for contingencies originally pro¬ from capital surplus and by a transfer surplus, to the extent necessary.- capital from --earned surplus to of As further a the Public ordered capital stocks an in Utility our program of compliance with requirements Holding Company Act, the directors on Oct. 24 partial liquidating distribution, chargeable to additional surplus, of step our to be Wisconsin made and to stockholders on Dec. Washington properties. stock (NORTH AMERICAN 1947—3 Mos.—1946 27, exchange of wishing with $3,228,472 $13,600,906 $11,645,216 Penn 225,288 1,176,012 1,135,840 180,000 180,000 702,000 51,033 196,707 15,233 tax 242,801 38.433 215,585 484,197 notes surplus $3,534,573 $4,333,229 $15,996,567 co. tion— $0.41 $0.51 The Dec. 10. issue Nov.'25 This in 1947, declared brings a stock, common to week last revenues with total 45 of 70 Dec. in cents of the Trust 776,380 stock Ware at $16,295,516 $1.83 compared year, As an the week with dividends 1946.—V. increase of ended 54,870,000 166, Nov. The of for the ACCOUNT 22 in all It 1947—12 Mos.—1046 a and of bid John H. 4,976,300 6,682,850 5,682,175 corporations, 724,075 668,925 712,145 506,775 615,900 " $9,863,642 $12,894,718 153,081 285,381 191,297 the int. 784,653 1,025,278 1.046,205 filed $6,2~567514 $8,443,330 2,045,452 6% 2,727,270 erties, preferred 2,556,851 dividends 1,156,183 1,756,183 2,341,578 Northern States Power Co. Period End. Sept. 30— Penn Operating common 1947—12 Mos.—1946 $60,126,707 $55,028,677 23,728,958 20,052,601 .17,972 ,797 14,756,486 2,764 730 2,203,779 Depreciation Taxes (other than Federal income Fed. excess State Net operating Gross Total 5,723,750 4,624,393 6,640,733 Lewiston note June 1, the acquired that 4,758,800 6,384,050 5,417,800 506 ,775 income (net) 615,900 724~075 4 V2 % $7,662,601 $9,938,197 $9,069,944 42,153 42,153 56,205 $7,346,728 $7,580,447 $9,881,992 $9,013,739 divs., (issued Common —V. 166, $3.60 p. 1687. which his or Pennsylvania's by being affiliate of and price • 742,500 4,222,667 in Penelec the is 1,203,125 4,200,000 990,000 123,750 5,622,667 5,250,000 . | to eight was public small of from each Pennsylvania of P. as to issuance by the accepted. : > Pennsylvania : Ware Gas Co. and has corporations Gas Co., due Nov. shares 480 1, 1951, of stock common $112,000 first of common the note.—V. 166, following par), $23,00® 3.9 % bonds due stock <$50 par), $18,75® ($50 par), $14,75® note. of common stock 954. p. Nov. cents the 25, directors declared the common share per of $1.25 on share on 1 per Oct. a regular stock, the quarterly and the 5% this year, dividend usual stock, payable Jan. stock a the on April 1, July payment of 25 cents ancl was 1, made.—V. 166, p. while common Jan. on of quarterly cumulative preferred 1, 1948 to holders of record Dec. 12, 1947; Quarterly distributions of 35 cents each were made on both 1, 194? 1055. Peoples Drug Stores, Inc.—10% Stock Dividend— ..The directors cents per per p. have declared the regular quarterly cash dividend of share stock dividend, On Dec. 27, on the common stock, payable Dec. 27, and a 10% payable Dec. 31, both to holders of record Dec. 8. last year, the company paid a year-end dividend of 1996. share in addition to the usual quarterly of 40 cents.—V. 166, Philadelphia Electric <Co.—Subsidiary to Dissolve— SEC ' permission "to Utilities Co., transfer vania Power Co. of capital stock of Philadelphia with a its a stated wholly owned subsidiary, has asked assets consist tof 11,168 value of to Co. owns all of parent and of Southern $545,263 Conowingo Power Co. with Electric its shares a and dissolve. Pennsyl¬ 21,143 shares stated value of $555,038. Susquehanna's - been their.,in¬ ($50 mortgae > an® operate that an states three corporations Commission regarding three ' tho individuals, the U. Co. utility companies utility company public Penelec. : any determined response highest several one purchased Susquehanna's holdings 123,750 ; assigns, Edison was purchasers mailed an be The Susquehanna 859,375 series August, 1946) dividends 3rd, 56,205 int. income Citizens Waynesboro organization, the exercise by them of franchises, the certificates, of public convenience to operate the prop¬ demand $1 minor, Phila¬ common declaration a Ware, 1970. dividend 40 $7,388,882 & to ownership of Gas, Gas, Gas, 1174. p. contract Ware behalf the demand On 40 191,297 $10,191,017 $10,356,744 $13,628,761 $13',896,851 income deductions 2,802,135 2,734,143 3,690,564 4,826,907 div. pur¬ Pennsylvania Glass Sand Corp.—Div. Rate Increased— ' $13,365,591 $13,705,554 263,170 to par) direct Gas, SEC from the bids 668,925 income Preferred .divs,, $5. .ser. 4retired Sept.,' '1946)_ Pfd. 5,241,250 712,145 $9,999,827 $10,203,663 191,189 153,081 have Bangor H. prospective Huntingdon Gas Co., 240 shares of 6,100,027 4,693 950 Balance Net 3,130,373 3,975,000 tax taxes income 3,559,549 5,015 009 inc.) taxes profits income Other 4,398 750 . note ($10 acquire (& Subs.)—Earns. $45,351 840 $41,138,023 revenues Operation will Citizen 162, and of 4»/2 % 2,195,302 1947- -9 Mos.—1946 Maintenance authority $128,000 a shares Gas, John from 3rd, to the and 4 '/2 % (Minn.) for through bonds, securities: $7,266,293 2,045,452 with issuance 1,383,080 $6,262,586 dividends 2107. . its Jersey, proposes to organize three namely, Lewistown Gas Co., Huntington Gas Co., which corporations will on corporation $8,649,373 preferred to Pennsylvania, properties application $9,849,376 $10,016,723 $13,180,099 $13,477,067 2,802,135 2,734,930 3,690,564 4,827,694 income all New Shippensburg $13,285,769 213,399 $9,489,535 1894. p. over for Ware, 4,920,250 $7,281,793 SEC of additional with sell by received in " the of invitation the in (net) trust Carmel filed to bidding operating $9,635,976 has properties further stated is result second operating tax to Pottsville Mount gas 6,122,092 $7,047,240 p. 1459. p. of 1947, for l'r 166, ■ compared- $185,000 all its property and assets, real ancl personal, including franchises and consents, pertaining to Penelec's manufactured gas business in the territory in and about the'Boroughs Lewiston, Huntingdon, and Shippcnsburg, Pa. It is stated that these manufactured gas properties are being disposed of in accordance' with this SEC's Order dated June 19, 1946, directing Penelec to dives! itself of ail direct and indirect interest in and control 57. 5,241,250 minor, per record of outstanding capital eight small up-state gas companies. ' be financed by Penh Fuel Lewiston Gas.—V. price 6,665,733 deductions & 165, cents and follows: .as 5,723,750 income will transaction, Light, proposes 4,643,143 income income 15 1946, working capital.—V, 166, owner of 2,500 companies: and base a and INCOME 3d, collateral and the company Penelec paid p. 22, kwh. Gas summarized 13.2%.- 1947—9 Mos.—1946 taxes income of holders to 16, par. of Gas 3,975,000 profits 15 Dec. 1945.—V. applied Ware securities Co., following Ashland 5,033,759 operating Dec. on Pennsylvania Electric Co.—To Sell Certain Gas Props. holders to the result a tHe share per $45,351,840 $41,138,023 $60,126,707 $55,028,677 18,091,599 14,860,258 23,876,030 20,185,945 2,764,730 2,203,779 3,559,549 3,130,373 ___ Balance —V. to taxes__ income div. of inc.) than income Net sale 21 H. $900,000 delphia (Del.)—Weekly Output— for company as John 189,221 cents 17 amount Nov. on the 4.398,750 (other 22, outstanding securities 657,000 $1.87 dividend payable the $1 compared output of this 62,031,000 kwh., Gross company Pittston value paid dividend a payable Gas, inc., Oxford, Pa.—Proposed Acquisi¬ of 606,667 stock on par Dec. on Acquisition 1687. excess Sub. Fuel the p. declared as interest. 1947—12 Mos.—1946 from of paid 14 stock, same — stock, stk. the ible subordinated debentures due Nov. 1, 1957 at 100 and" CO.) $19,052,957 com. is cents $5,022,647 $18,555,483 $5 Federal Total 10 Nov. on common This dPathe industries, Inc. Debentures Offered—"Otis & Go., Cleveland, on Nov. 7 offered $300,000 5% convert-' to of Operation Net 1. $3,993,527 of Nov. 17 accepted the resignation of Lyman W. Vice-President and General Sales Manager. A suc¬ "within a few days."—V. 166, p. 1359. Proceeds will be used for additional Period End. Sept. 30— State the on Dec. chase pfd. 8,550,73'! 15,474,955. named directors share 59,722 loan 8,394,753 5,869,383 Park Chemical Co.—To Pay 15-Cent Dividend— The which 7,348,019 Operating Taxes be SEC, Oct. a holders to 886,056 3,730,683 of Northern States Power Co. Sub. Quarterly Report—Herbert C. Freeman, President, in letter to stockholders dated Nov. 12, states: \ Illinois 1,550,529 1,345,846 on director, will 77,869 directors this on company as cessor 4,876,708 income the $9,128,632. surplus purpose vided the for Co., for subsidiary, for stock of Light & Power, North period to pay $7.50 a share in limited of and Power 398,40®. Packard Motor Car Co.—Official Resigns— publicly- dividends, $ 697,878 12,692,737 172,930,724 113,537,37a 11,000,085 149,560,049 95,699,841 806,526 14,975,922 9,286,794 1.999,937 166, p. 1894. The North Central Texas Oil Co., Inc.—70-Cent Div.— of be approximately sufficient the expenses carrying -value to value carrying distributed proposes distributed be together share, Illinois of accrued 24,678.461 Shippensburg Gas Co., 180 shares 1,784,305 shares of common stock of Potomac and approximately $271,090 plus on Power's $ 43,723 21,127,995 operating income charges 1947—9 Mos.—1946 12,736,460 173,628,602 113,935,781 101", 701 after —V. Potomac. l.,624,787 shares of approximately $502,503 in and as approximate Oct. on on share shares the Net Net Earnings— -1946 $ 24,780,162 Operating revenues... Operating expenses Operating taxes 18,635 bank The on $19.75 per share on shares a full share of Wis¬ Operating revenues Uncollectible oper. rev.. stock¬ the by Delaware 19471947—Month the in liquidation approved in Light & on $ 1,775,540 166. Other of approximately Electric fractions of such the of will on the approxi¬ the market on Oct. 23, to of per a the be would as at stack cash of 4,470,42ft 8,430,855 forms Pacific Telephone & Telegraph Co. common, common which Period End. Sept. 30— 29,065 on Fed. such of $3.57 to 100 being based to close to 26, Co. each of thereof, $3.801875 being entitled Power for shares of lieu shares share rate the at in entitled not full stock are item, 704,805 share —V. Court 12,522,54® 10,201,94.® part of the amount charged to Income income, is shown separately herein to con-' form to the provisions of Accounting Series Release No. 53 of the Securities .and Exchange Commission.—V. 166, p. 1996. 30, stocks on Balance, Per a common taxes on Divs. "This covering Federal taxes were Maintenance close of respect a this distribution the of stock stock American involve with than Potomac, common North mon (2) less of such payment American will of stock common to partial Nov. common American, of deducts. 25,423,829 8,430,85 7 12,826,632 inc. surplus income Total Other Balance stock common Washington plan recently share $91.50 share Depreciation Electric to the of of other 24,796,746 3,539,257 and 41,507,309- on income stock of stock at the Electric common rate being equivalent and entitled be per such American Electric, would this of as North American, $3,259,657 Interest Int. Co., a stock 3/10 stocks on owned by North American. shares of Wisconsin Electric fractions Wisconsin of in 1947, and pro¬ held. but, number Wisconsin Electric, 1947, consin for of a $10), 19y4 stock or 22, by share Co.—The District STATEMENT which corresponding following record Wisconsin Potomac common mate of is respect with share of (par of shares 21 of of American, and shares proposed American certificates No stock Dec. on stock common common distribution stock of Wisconsin paid of Electric'Power Co. of common shares to the and subsidiary of the participating stock North American retirement to Sept.'30— on subsids. notice.— Authorized— permitting distribute to proposes holders its owned by North Potomac per order an to CONSOLIDATED American liquidation, The issued 17 each $100 at 1, such transactions: posed of Nov. on received Power for Electric The common Capital Transit stock. operating 442,715 34,595,441 9,798,695 5,881,532 option. Period End. totaled North American Co.—Distribution the at June on written of the be¬ under shares 106,446 ". Net income transferred to surplus Dividends on preferred stock Dividends on common stock bank Co. minority including North in exchange for for Federal common each this Dividends 1731. p. & the INCOME record American of common Power publicly-held undertaking for a for exercise the next of part, & of under January. North Light stock of persons 4,000 principal so Potomac provides Oct. on share 11, Units as aggregate lease acquired or .45.6% holdings Expenses the reproduction Co., stock Light by plan 3/10 Beach, 14. Buildings normal present a included property of acres temporary providing announced Long at lessee costs 26 plant the by its purchase to * discount chgs. 'equivalent to reductions in Fed. inc. arising from bond refunding operations, etc taxes complete the company, other companies annual rental of $226,580.29 payable will pay all taxes, insurance, an the utilitv of American American confirmed was 8257.450 government-owned of their the shares thereby shares, Holders 1947 the of manufacturing for five years $2,787,189 units in Power is up agreed and "Special stockholders common income int. Slack North North Inc.—Leases Units— five Administration approximately and 6 Inc., Assets and and 15 5, It leased Co., advance, maintenance 4, has It taken being distributed, in Dividends North The rates holders. 3171. p. current Washington company are entitled exchange for preferred and common stocks Washington surrender companies $171,707 _ at Capital Transit Co. stock company. the of ratio 109,458 stock of American not its to capital stock American of Electric Potomac. Cr6,013 9,561 dividends offered company the stock any that Washington 16,881 etc. 'Gross Bond common. that company is in process of provide funds for the discharge of North North ,61,409 expense construction interest, excess 680,300 61,409 17,148 and interest on Miscellaneous $1,017,078 680,300 debt discount American earnings for the 12 months of which the entire equity is held plus • $4.— Subs.)—Earnings— pensions Prov. Taxes combined American, to preferred Potomac American Total Interest "No 131,900 North of 1,- and of The total a surrender of order of of amounted income Taxes 19,322 Crl-,605 __ taxes-. earnings Other 101,343 share a companies Washington owns units Oct. on price Holders 381,065 93,994 Social security 389,018 the upon of North whereby entitled $3,443,728 1947 In the holdings to 2106. p. based by effective came of —V. of liquidation of North American Light & earnings applicable to these remaining in¬ estimated 30, stockholders. Net Net plan upon minority stock holdings and interest receivable. Washington Railway & Electric Co.—The simplification plan of holding company system of Washington Railway & Electric Co. 28,844,720 4,085,600 the equivalent to $1.85 is receivable loans, Operating revenues— Operating expenses Operating taxes to the are estimate ended Period End. Sept.30— Operating Co., vestments This or New York Telephone sale). effect equals 1996. $ Gross will Giving about to .are gross public 3,81®' $395,824 Co. New York Steam Corp.—Increases Rates— 1946 4,868 $724,156 * and the 1947 taxes Twelve Months Ended Sept. 30— Exchange. After 30— Pacific Gas*& 'Electric Co. reduce common outstanding and Sept. deprec. per .share 166, p. , Potomac Wisconsin Ended (long tons) depl. and Shares outstanding after distribu¬ will company. panies Months produced Profit .NOTE—Conversion respect stock distribution Wisconsin the record !) -O'okiep Copper Co., Ltd.—Earnings— Three Blister income,-but that the cash as taxable. of of supplements this has stock stockholders is held Electric share of North American. Revenue Wisconsin holdings than 100 of Potomac stock stock October each of of American Wisconsin and fractions North North Internal distributions stock common of July shares of Wisconsin for The the Co., mature #nd Co. North dated be $188,000-each and bid a . to May 15 on Salomon Inc., Inc., 98.529 for .2%s. 25 Nov. were: Co. & & & Aggregating approximately $63,000,6000 in market value and,amount¬ ing to about $7.37 a share of North American, the distribution will be the,*rate of 119 V4 Shares of common stock of Wisconsin Electricj contracts subsequent < COMMERCIAL 8,000 capital ) J T ■ ;. ;n - |v'» ' (2214) ""1 Shares,. plus a indebtedness. ; „ ,,,M , • , . ■ . .MB' . 4; "G electric The < (Including increase Net sales Cost of - ^Operating expense il&lntenance 1946 $663,529 287,301 120,585 19,917 27,000 Other - 4 Interest charges Debt discount and expense , 35,178 V* Net income to p. 37V2 share cents profits for of past year be of among the the 2,270,334 3,518,915 1,726,201 Sales, kax_^_ 581,491 pfrt. stock 1,074,648 1,074,648 1,074,645 4,279,433 1,074,636 com. stock 3,147,988 3,147,988 2,623,324 Canadian and of cost of less of June. 1947 totaled battery business at the end in the third quarter of debt and discount Trade-marks, 6,629,438 1,124,387 618,760 19,637,844 575,995 312,859 16,301,874 510,034 Total 600,917 10,145,506 10,145,506 $82,812,704 $80,567,225 : Accounts $2,723,346 payable —V. Trust 4,871,558 1964 debenture due July 1, 20-year 2%% purchase 1,317,991 10,000,000 payable 14,337 10,000,000 150,000 contract Appropriated surplus: for Reserves invent, future losses and neces¬ 4,657,510 932,981 other conting and insurance for 894,027 preferred stock 6% 18,000,000 18,000,000 stock 15,210,000 15,210,000 18,917,371 Dr366,725 ($100 par value) (702,000 shares of no par value) Earned surplus Stock held in treasury reserved and for em¬ less reserve) (at cost ployees outstanding refund to $82,812,704 $80,567,225 Total in 1947 and $1,138,346 depreciation of $18;388,36l in 1947 and $17,919,811 ir. 1946. ? Represented by 892 shares of preferred stock and 2,447 shares in common stqck.—V. 164, p. i,1913. "After In for possible losses of $1,138,346 reserve (After 1946 reserves for ij . .. - ? Net sales Exchange, Other income "regular full way" business with 20,788,186 sales of Cost 10,504,688 Selling, administrative and general expensesDepreciation and amortization of properties Interest & amortization expenses on debentures U. S. & foreign income taxes (est.) Net profit 434,146 16,122,212 7,872,351 247,787 322,239 170,880 1,902,595 $3,919,787 $2,842,120 115,271 747,472 115,266 702,955 $3,057,044 $2,023,899 2,144,259 — dividends Common period for outstanding shares Common to Co., be on members ------ stock that 2,018,516 way" sale SHEET, Inventories cost or market) Maintenance 10,167,466 1,218,279 1,149,281 replacements for for income -J i> • 1,713,845 income) than (other Bank "Federal Net 1,120,611 taxes 2,078,857 $5,459,630 payable 2,869,572 4,034,585 141,989 1,789,807 11,576,254 200,000 (current) Building purchase contract $5,583,466 Gross income Interest on funded Amortization of debt discount debt {%'tSjfecial charge and 1,286,871 138,561 869,203 i ' ' ■ income Net -V, Net fund •and debentures ; credit made (contra . expense);—V. 166, p. to stock surplus . unamortized debt discount 1360. ': ' ;vThe company series on Nov. 25 filed a registration statement with the SEC stock and $3,000,000 30-year common first C mortgage bonds. The names of the underwriters will be determined by competitive bidding. Common stock first will be offered for subscription to present shareholders at the rate of one .share for " will for be each offered fiv« -hares publicly. construction held. Unsubscribed Proceeds purposes.—V. 166, Electric poration as output for the compared year, an increase the of week with of Nov. 166, companies 22, kwh. 12.1%.—V. the bonds 1947, for the p. 2108, 1 20 $173,053 36,750 36,750 Cr 173 Cr212 long-term debt charged to construction. interest, 250 545 $128,429 $135,970 etc i__. profits tax excess payable. amount an Co.—Offers Additional Stock Dutch Royal 1, depreciation the cover New and Nov. 20 announced an issue of 302,174,000 guilders 1,000 guilders par and subshares of 100 guilders in profits for 1948 and subsequent years. Subscriptions Dec. 30 at principal Netherlands banks, headed by the The company on in ordinary shares of sharing par, open on Netherlands Trading Co. Subscriptions will be open to present shareholders only at an issue price of 100%, payable on Jan. 15, 1948, Since the company now has some 604,000,000 guilders in ordinary shares outstanding, it is that assumed each for The two the now shares new will issued be the at rate of one held. announced underwriters also issue an of guilders in 100,000,000 bqnds.H >at; ilOl %, payable on Dec. 17. The loan will have a term and will be redeemed in 20 equal installments, starting Starting December, 1952, 1-953. for Payment allotted the the bonds will be redeemable at par. shares will be allowed only in unblocked will provide financing for the company's needs through 1949, it was stated. Selling of Stock Rights Unlawful Here— would •-Nine Month's Ended Sept. 1946 1947 $1,046,899 $719,803 344,302 354,832 $702,597 Balance them sold outside 11,075 Other income (net of other expense)—_ 317,021 »Non-recurring profits—— $703,103 depreciation and Depletion, A Net shares *Less vision losses for 290,200 $1.31 $1.50 and after deducting pro¬ tAfter dividends on 5V2 % sale of capital assets (net) on taxes — $453,865 287,300 outstanding on this item of $135,000. cumulative convertible preferred Dutch dealers for this their account own been its territories county, filed, objection the the buy SEC would American accounts possession.—V. or that to pointed the rights or the under¬ from for or country, Co. has sell either not may 25 this be raised if residents and residents such of 165, 3174. p. so-caMed ICC "Rutland plan a of with filed committee, reconstruct the Railroad Crisis reorganization the U. S. which of Rutland's for District Alfred H. operations Committee" the Court road. in Heininger "as has The with filed plan has also Vermont. they is were would secretary, do To of local this, it proposes building The distribution cooperative feed mill when it operated associations and organizing under the series a name of the Cooperative Transportation System." committee said its originating traffic 166, p. 1895. more a studies from disclosed its harbor that the facilities road at must have Ogdensburg, N, Y.—V. Salt Dome Oil Corp.—Acquisition—New Financing— 22,353 42,824 $386,514 profit- Common tEarnings per common share Royal statement Nov. purchasers the successfully." 174,025 60,000 — . the entitling $693,066 150,672 amortization. 105,917 Abandonments of rights Rutland RR.—Committee Files Reorganization Plan— $364,971 505 —— — Commission warned on brokers or dealers to sell in for lying shares in the United States. However, the Commission added, no brokers or dealers bought such rights "Rutland • Exchange possessions registration no brokers and out, 6,695,526 19,589,048 Subs.)—Earnings 30— Operating revenue—. —— Operating and general expense or shares additional Since and unlawful be territories its —-— 20,370,000 1,641,216 2.561,874 2,018,516 Securities The it The corporation, jointly with Superior Oil Co. of Calif., has ac¬ quired leases covering approximately 66,000 acres of submerged lands in the have Gulf of Mexico approved offering from the state of Texas. Salt Dome directors additional 100,000 shares ($1 par) common for each eight shares held, according to A. C. Yarnell, Chairman. Proceeds will be used for work¬ ing capital.—V. 166, p. 955. to stockholders in an ratio of share one stock, series A.—V. 166, p. 1523. Scudder, Stevens & Clark Fund, Inc»—Register's with & Service operating ended 220.425.000 and $173,033 Cr630 taxes on to been 1724. p. Public Utility Engineering •i" shares will be used to pay off loans and 67,300 $165,255 income Bonds— $137,708 3,683,381 2,672,653 2,819,491 1,252,866 8,704,834 1584. p. Taxes " 3,851 63,000 taxes considered adequate to accruing during the year.—V. 165, p. 3174. _$113,535,735 $74,595,312 — 166, Total income Public Service Co. of New Hampshire—Registers with SEC— , gcoyfting 139,739 shares ($10 par) 1 818,197 29,509,780 — " • ($25 par) ($1 par) Republic Petroleum Co. (& $2,965,361 extraordinary reduction of $869,203 in 1947 included as a special charge. tBeing equivalent to reduction in Federal and state income taxes resulting from claiming as a deduction for tax purposes $2,175,225 of cost of redemption and. unamortized debt discount and expense relating to first mortgage, bonds 3V2% series and 4% sinking 18,325 4,056 income The After | 72,476 18,882 taxes Miscellaneous the 298,828 $2,929,946 75,777 36,133 taxes $165,256 Interest — ||S^Balance available for common . stock Total $3,264,189 403,281 45,000 301,822 35,112 41,873 income Interest 58,372 - ..... • 1,016,276 40,800,000 1,866,214 2,561.884 2,144,259 surplus Earned $3,333,227 :Provision for dividends on preferred stock g • ■ • 6,800,503 2,646,523 862,724 k preferred cumulative $4.50 Common Capital !. ' 62,982 Miscellaneous charges gflf i- $713,162 333,661 Subscriptions abroad will be opened at N. M. Rothschild & Sons, London; the Banque" Societe Generale Et Credit Lyonnaise, Brussels; Schweizersische Kreditanstalt, Zurich, and Lazard Freres & Co., Paris. Application will be made for official quotation of the new'shares and subshares on the stock markets of Amsterdam, Rotterdam, Lon¬ don, Brussels, Zurich and Paris. This financing marks the first offering of the Royal Dutch Group to the Netherlands capital market since 1928. Proceeds of the new 11,052,329 payable debt Funded $4,747,996 1,183,946 134,106 expense 1946 1947 $741,765 26,173,937 1,630,000 (current) debt Dividends $4,606,006 123,835 30— funds. 1,871,368 $1,458,272 2,810,056 loans Funded , . operating revenue Sept. revenues 16,941,261 $113,535,735 $74,595,312 Reserves ,?! 322, 731. p. earnings Other $5,389,479 1 Commissions, salaries and wages Accrued taxes, interest, insurance, etc Est. cost of completion of service contracts, etc. U. S. and foreign income taxes (est.) 880,645 1,302,148 1,477,340 repairs... and Ended Capital stock in 13,755,965 etc patents, Trade accounts 7,945,616 Other income 1, U Privately— Placed LIABILITIES— 1947 1946 $20,829,115 $18,290,613 9 Months Ended Sept. 30— operating revenues Operating expenses Net Notes — 25-year 20,064,561 (net) charges Goodwill, Colorado (& Subs.)—Earnings— Gloss ^Provision Atlanta, Ga. Atlanta, Ga.—V. 164, Security 3 '/a % 1946 2,258,905 buildings, machinery and equipment Land Deferred p. 954. Public Service Co. of ..V'.'/.v-. $1.12 taxes Social $1.35 30 8,671,912 2,823,057 524,815 assets Other the date will not be issued until of equipment advances and Investments on iower (at machines and Rental (net) receivable drafts and Accounts Total Provision ,$1.98 share 1504. property will $1.77' JUNE 1947 $14,731,590 22,328,326 42,132,569 Cash a of -----' BALANCE ASSETS— sale any share corpmon per CONSOLIDATED distribution to holders of North record on Nov. 26, 1947, must be basis, unless the seller is in a as to deliver stock against a "regular delivery is due. The stocks to be distributed pec^ 22, 1947.—V. 166, Earnings advised that sellers deliver stock on contract, in ac¬ are has ruled Exchange The distributed" "when a stock received common 20 in a notice to its admission to dealings on stock and Wisconsin both a "regular way" basis common position Taxes 1,800,000 $4,473,441 taxes._ NOTE—The provision for depreciation was increased, effective Jan. 2,880,971 dividends Preferred mortgage first must be in a position to day after the date of the Rules. the stocks on 3,200,000 $7,940,170 income Maintenance $38,850,017 $29,157,945 Total appointed Nov. on companyvs basis, distributed" "when American 250,000 advances Depreciation 1946, $38,746,805 $29,020,334 103,211 137,611 I reference'-to. the "With of the above Power Co., common third made Stock York said: 1947, these of Federal 65,478 and Operation . 1946 1947 June 30— Months Ended ' cordance loans invests, on for common p.. Operating "No 3 Surplus the bank and f Subs.)—Earnings— Remington Rand Inc. & Ruling— Power Co.—Exchange Potomac Electric a 1 Total bonds.—V. 166, p. 1894. stock $6,345,502 72,061 4,463,290 Rochester & Lake Ontario Water Service Corp.—Earn. Year 18,362,863 *Dr317,785 Common 166, p. 2107. used be will Proceeds and per Excise 7,800,000 adjustments price sary Reserves Pittsburgh Steel Co.—Registers with SEC— on Nov. 20 filed a registration statement with the SEC $6,500,000 of first mortgage bonds, due 1967. Underwriters, ,Kuhn, Loeb & Co.; A. G. Becker & Co. Inc., and Hemphill, Noyes & of $6,064,220 281,282 10,061,447 expenses— (net) loss provision 166, Real The company 'felectric possible store in 3,006,298 1,317,991 income affiliates not consolidated Patent covering New 8,474,300 5,381,804 1,435,012 $10,810,906 644,742 general abandonments advances on Rich's Inc., 6,503,030 241,652 taxes on liabilities accrued to Dividends $1,597,130 after N. Y., has been New York, Co., See V. ><for-each five held. 21, 1,937,086 $11,455,648 and Kidder, Peabody & Co., it was announced Nov. 25, has placed privately with various institutional investors an issue of $2,000,000 2.85% notes, due Nov. 1, 1962. Pro¬ ceeds from the sale will be used for additional working caiptal. Company operates the principal department $2,817,894 3,115,590 and Canadian Federal Accrued Other Due and subscription agent for the company's offer to common y stockholders at $49 per share, expiring Dec. 3, 1947. Ratio one share The and depletion. income Earned 13,658,515 1,198,553 295,478 rights and goodwill trade 23,560,166 22,469,133 expenses Co.—Subscription Agent— Phillips Petroleum The Manufacturers fhembers, services and and products Prepaid insurance, taxes, etc. tProperty, plant and equipment Patents (at cost less amortization) and Nov. and ' 188,357 $64,261,592 $51,276,818 36,988',863 29,921,482 income Estimated 9,883,061 . materials, grain, 1946 11,385,511 reserve "Investments in Unamortized ^'• Warrant , oil and $7,657,568 v 1 sales for Net supplies, at lower of cost or market and advances to affiliates corporation, which most profitable in . < gasoline revenue Operating profit Non-operating income Prov. , 1 1946 1947 Federal $64,073,235 $51,276,818 Dry hole losses at market or receivable, Inventories 1947 totaled $49,267,000 as income Co. and administrative Interest Subsidiaries) 1947 $6,668,774 securities Government 30 JUNE SHEET, BALANCE 1 S. lower charges, or $1.10 per share of common stock after allowing Ssjfdr preferred dividends. These earnings compare with net of $1,626,974 from operations in'the Second quarter of 1947, after taxes and charges $ : *nd inventory reserve of $1,200,000, or $1.12 per common share. In addition,"there was net non-recurring income of $798,147 after taxes, or 58 cents per common share, so that total earnings in the second y quarter of 1947 totaled $2,425,121, or $1.70 per share of common 'stock after allowing for. preferred dividends. *•' The corporation has paid, off an additional $1,000,000. of-bank loans and only $2,000,000 of loans remain outstanding at the present time, ij j Operations of Philco are currently exceeding all previous records in i'adio and refrigeration, and television is already an important source ?V of income to the corporation. Present indications are that sales in the fourth, quarter will exceed the third quarter figure, so that'total ! yolume for 1947 should run well over $200,000,000. Our plans in 1948 :Call for a further considerable increase in the production of refriger¬ ators, freezers and television receivers.—V. 166, p. 1360. - cents last Corp.—Earnings— Sept. 30— operating of made were 2108. p. Total Cost cents record of LIABILITIES— trial storage ' each cents 166, 75 distribtion of 25 cash 25 record fractional of 2,273,547 5,401,431 6,471,051 7,958,588 income Accounts for Sales Record ' „. of 1.—V. of resulting dividend stockholders common a holders to for cash a year, Payments 31 issued 1 Depreciation annuities- to this 2, April 1 and Oct. State taxes Selling, tax effect service re¬ ASSETS— compared 'with $57,754,000 in the preceding quarter. This decline was caused by a two-week factory shutdown for vacations, the beginning of production on new 194& radio models, and withdrawal from the indus- . excl. Other on U. large history of the corporation. Sales in the third quarter of taxfes made. be paying date 20, Dec. on will also same Jan. Richfield Oil 2,532,426 Cash First Nine Mpnths—Reduces B'&nk Loans—John Ballantyne, President, announced: f' I Sales in the first nine months of 1947 set a new high record in the a 3,191,398 on | -1941 level." Net On was on Jan. Total capital expenditures during recent years and the in¬ creased amount of working capital used in handling the expanded volume of business, which is running at almost three times ihe | 4,083,237 inc. CONSOLIDATED history, the directors believed that common stockholders should IYeqeive a special dividend at this time," John Ballantyne, President, iaid. "A stock dividend was decided upon because of the corporation's ••/Has 647,388 (Including Domestic and Canadian its unusually the on share year is company 1947. 19, per regular the results operating 1947 will 499,698 9,302,568 183,016 Dividends 1947. 15, Dec. current the that 12,759,132 Dividends Year-End Dividend— share and a year-end stock, payable Dec. record of view "In declared 20 The dividend of 10% ' on the common a stock common certificates $99,738 common of holders to indicate Nov. on 13,274,321 4,565,828 Charge Net per the on Dec. 8,835,804 466,764 taxes Excess quarterly dividend dividend of 50 cents per 12 to holders of record Dec. 1. This brings total cash payments on the common stock in 1947 to $2 per share, or double the amount paid in 1946. i!In addition, the board declared a 5% stock dividend, on the common stock, payable Dec. 17 td holders of record Dec. 1; :• The usual quarterly dividend of 93% cents per share on the pre¬ ferred stock, 3%% series A, was also declared, payable Jan. 1, 1948 directors The of 12,173,807 585,325 Scrip snare per profits taxes: Income 1894. Philco Corp.—Declares 50-Cent , 12,436,906 837,415 13,024,566 500,150 charges Federal & foreign 40,320 , . $76,459 surplus 12,151,799 Income tirement *-V. 106, 14,649,578 Total income $212,149 71,062 1,029 Income taxes 142,647,173 123,614,351 119,161,791 15,295,513 872,767 payable'in 10. shares. 17,468,671 income & *Net earnings $ 20,165,090 oper ^The directors have declared stock, Dec. 9 Mos. Ended 27,000 $133,608 21,470 501 Depreciation $ 161,726,748 124,925,605 expenses- from Income ^ 125,248 | Operating taxes 3$ 1944 $ 1945 194,043,637 154,831,182 151,083,671 _ goods sold JUNE Selling, genera! and ad¬ 342,985 : ENDED $ of 1946. 1947 $648,758 & Months Ended Sept. 30— Gross revenue YEARS FOR Canadian Subsidiaries) and 1946 for the of output ^Philadelphia & Western RR.—Earnings— I; ACCOUNT Domestic 1947 ministrative : INCOME CONSOLIDATED cancel this indebtedness. this company and its subsidiaries week ended Nov. 22, 1947 amounted to 145,465,000 kwh., an of 6,789,000 kwh., or 4.9%, over the corresponding week —V. ,166, p. 2107. 5; •iV,\ Reynolds Metals Co.—10% Stock Distribution— Quaker Oats Co.—Annual Report— . of Susquehanna's the latter would Monday, December 1, 1947 n $500,000 of open account holdings to Phila-r npteand $433,000 demand With the transfer • , ;Weekly Output Increased 4.9%— i * . ' ' dplphia Electric, •y COMMERCIAL & FINANCIAL CHRONICLE THE *■ ■ Corp.—Output— served by this totaled 247,030,000 corresponding week Republic Pictures Corp. — Registration Statement Withdrawn— cor¬ kwh., last The registration statement (No. 6652) filed covering 454.465 shares of common 1946 and Nov. 5.—V. 166, p. 1584. SEC— The with the SEC July 31, stock was withdrawn : •' - • • •• registration statement with the SEC covering 60,000 shares of capital stock. Underwriter, Scudder Fund Distributors, Inc., Boston. Proceeds will be used for investment.— V. company on Nov. 21 filed 166, p. 1259. a COMMERCIAL THE Number 4651 166 Volume FINANCIAL & CHRONICLE (2215) 11 ■Mmx ' Operating revenue Operating- 1947 1946 $5,200,480 : $3,628,735 $3,123,476 period End, Sept. 30—... 1947—3 Mos.-^1946 1947—12 Mos.—1946 Operating revenue $5,238,716 $5,389,474 $18,720,567 $20,019,33? 1944$3,224,449 1945 Sept; 30— • Net general and 1,437,172 1,308,532 1,148.865 $2,320,203 $1,974,611 42,583 49,719 39,627 Prov. Balance Other before income__ for Interest bank on etc. 1,092,603 14,883 18,220 510,473 593,401 '992 loans. : •Based - —V. 166, pany's W;ll used New ContractsLessees of O.—Filing with SEC— California Edison conducted (& Subs.)—Earnings— 1947—9 Mos.—1946 1947—3 Mos.—1946 30— $36,510,103 $21,237,503 $15,908,918 $63,300,774 etc. Profit in of sale from vests. in¬ and Manuf. costs, inc. 155,478 May, taxes, etc., the and sals., prop. ) amortization-( for 679,473 33.89922,949 Sell., adm. and gen. exps. Empl. pension Interest exp expense— . min. int. profit of a sub.__ of Equity Profit $2,254,186 $2,440,515 883,000 946,800 for taxes—— from Trausfd. Com. Earned —V. share- com. per 617.242 $2.22 9 Mos. End. 1947 Sept. 30— 542.331 $3.49 Selling expenses Gen; admin. and from Profit Other 85.957 $3,520,128 223,927 $2,763,259 85,719 $3,683,272 76,608 $3,720,964 $3,744,055 $2,848,978 $3,759,880 57,560 65,733 1,844,950 313,975 charges 1,397.500 1,504,000 $2,009,489 1,043.700 $2,240,055 1!,093,400 $4.04 $4.50 Can. inc. taxes and Common net income.._ dividends fEarns. per com. •After for of share. $946,468' '$1,096,098 695,800 596,40o to U. S. Government on account of renegotiation tOn 497,000 outstanding common shares. contracts. CONSOLIDATED BALANCE SHEET, SEPT. 30, 1947 securities, $1,505,000; ac¬ counts receivable, trade (less $50,000 reserves for doubtful accounts), $2,245,202; other accounts and notes, $23,828; inventories not in excess of cost or market, $5,355,687; prepaid and deferred items, $194,527; notes and accounts receivable, not. current, $33,700; estimated postwar refunds of Canadian excess profits tax. $248,046;, investment in com¬ mon stock of fully owned subsidiary, $127,825; real estate, tools and machinery and equipment, at cost (less depreciation reserves, $5,933,government ASSETS—Ca^h,. $3,546,997; LIABILITIES—Accounts local taxes, of Mess $277,500; stock capital shares held 3,000 (500,000 S. 166, would Co. ' • Year Ended Operating revenues — Operation —— Maintenance ; — Excise _____________ taxes. taxes Social — security — —— !t ^ 1 taxes— —_ —i— i i Other income i ; ___ T T 12Mos. End. Sept. 30— Operating revenue Gas purchased Operation —: without par Taxes, & taxes come and Federal account Miscellaneous )l946 1947 $646,178 229,440 " $593,971 197.332 —V. loss, 165, p. ■ plant Other for 22, 2,657.599 70,000 87,732 14,750 4,263 U. $182,332 . 1 166, p. 1896. 24 on 2V4s. Dec. Philadelphia bid a Dated 1. of 99.42. Dec. 1948 1, to 166, Plan.—V. p. Halsey, 1947; Dec. 1, to 1957, Stuart mature inclusive 2146. Earnings— s)an. 1 to Nov. 11 1946 " 1947 :. ig46 $5,738,697 $252,900,346 $239,873,207 * ' $3,784,409 $4,279,881 182,356 Stock Offered~i- of the scheduled period of 30 Securities to 1828. p. Co.—Meeting Postponed—; days and held be from t Exchange Commission, 1947, has been date.—V. 166, p. 1896. Dec. on said 3. (Ind.)--New Assistant Comptrollers 1725. Operations- of manufacturing operations, largely to accommodate in¬ production schedules for the new Lyons Tooth Paste wefe Nov. on R. 19 by Watkins L. James Co. Hill, Jr., President. *•'' Divisions, additional space over for at Centaur. products made Rahway include Dr. Lyon's Tooth Powder, Olostora, Oil Shampoo, and Ayer's Pectoral, a cough syrup. in Cocoanut New Vice-President of Unit-rAppointment of Charles McDcrmott B. as Winthrop-Stcarns Inc., and General branch, was announced on Nov. 17 by of Windsor, for 460,595 at ten Vice-President Formerly partment $4,361,916 435,129 — Talbot, board chairman.—V. 166, an* order a p. Mulsified Winthrop Ont. Products, Iiic., Mr. Direction of sales Canadian sales years and manager Divisional Vice-President Manager of its Canadian Dr. Theodore G. Klumpp, director of the medical de¬ McDcrmott remains will with for Winthrop.—V. Stone & Webster, Inc.—To Pay __ 457,404 912,630 pares 1,119,763 ' $3,545,299 BALANCE SHEET AT T. make R. 166, his Rider, p. 1998'. 30, property.—! subs, at cos., cost ______ S. 817.959 Earnings 1,933,156 ♦These 1,080.219 2,036,934 44.132 charges stock 61,292;> 418,111 : . stock ($7.50 common on 68,976 Earned 284 1,697 " $13,230. Gas Co.—Record Date— 2,330.275 1,237,573 surplus Preferred 160 !______ ! ^ stock of subs, Minority-interest in held bypubl'cl common stock Long-term debt -Accrued deposits and accrued for in .deprec". aid process and of of •' Total -V.- W6, p. surplus been adopted allocated by the directors, and other contingencies $243,189 sale, of 4,567,307 192,275 196,974 135;616 33,272 156,403 _ amortization,, etc.-13,300,633 . 43,175 19,012,729 890,506. -- in $1.00 inherent income, recognition of in-the present economic situa¬ 164, p. 343. j. -i :U Plant from Government— government-owned aircraft engines manufacturing plant Ind., to this corporation for $3,592,000 has been ap¬ Bend, the ten purchaser is to .pay 20% cash on,closing and the balance in quarterly payments with-interest at-4%. However, years Studebaker may pay 987,*392 2,926,033 from large plant expenditures.—V. of the South in. 1,164,857 $69,862,217 $91,323,441 1619. $211,719 $0.88 to have for 34,990,000 ,___ .. $312,189 69,000 proved by War Assets Administration, it was announced on Nov., JO. The corporation,' war-time-operator of_.the plant, plans, to !\rae it the manufacture of trucks and automobiles. Under terms of the 13,334,321 --1,447,635 - amortization— construction—' 1946 37,500 — share amounts and of Sale in 252,762 liabilities——— debt in 1 194? taxes i 1,237.573 ___ accrued Contributions 11,546.556 !.- interest— L_. share, $249,219 Sept. 30— after prov. for all estd. contingencies Studebaker Corp.—Buys 2,330,275 ^ and-surplus taxes interest on -■ ' 26,850.000 ____!.___- 782,384 Accounts' payable: Customers' — • per to stockholders of record Dec. 1. This com¬ share paid to stockholders in December 1946 — transferred per policy values $10,569,091 $10,569,091 pari stock.! surplus $1 1947, per $69,862,217 $91,323,441 LIABILITIES— Capital of consistent 'With the advisability, in their opinion, of retaining a substantial amount of earnings in' the business in anticipation of possible future shrinkages in • inventory the tion, — for Balance 153,233 122,808 expense— _____ $1 Dividend— dividend a 130,464 7,175,479 1,358,668 „ supplies and merchandise taxes, insurance, etc.— Capital earnings, ♦Reserved 100,398 Materials, Prepaid Net 7,301,520 Treasury Accounts declared Stroock & Co., Inc.—Earnings— 754,544 securities receivable, less reserves 19 994. Three Months Ended Consol. 6,072,741 ___: $1.25 p. (S.) 1947 $52,965,895 $78,589,129 less—console- or — 15. Dec. with 166, Nov. on $3,702,748 $3,549,607 SEPT. directors payable $4,822,511 $4,462,237 $4,219,538 674,239 $3,419,965 9 Nov. 19 voted to fix Nov. 26,-1947 as the record date entitled to vote at the1 special meeting to be held 1947.—V. Nov. for The Rahway facilities are also being used for the production and shipping of export products of Sydney Ross International,. which were formerly manufactured in Haverhill, Mass. Other R. L. Watkins 1,834,198 on stockholders Dec. .931,700 makers of the new paste have the Rahway, N. J,. plant, half of which was formerly occupied by the Centaur Co. Division. Centaur has transferred the production of Chas. H. Fletcher's Castoria to the Monticello, 111., plant of the Dr. W. B. Caldwell Co. DivisionV while R. L. Watkins will make Mo'.le, Z:B.T. Baby Powder, and Kling in 965,772 investments Reserve on The taken 101,694 Company _L—' Other South Carolina Electric sq'qai'vnn — from 1 meeting announced 661,493 1,474,053 $2,962,561 and in Invest, 70,000 104^094 15,936 4,852 3175. The directors 25000 000 1998. for 166, Rahway 552,357 income Premium > _ Revision V. Cash $12,465 Co. $5,881,977 to President. other deduct. & Accrued Net ., " " _ Week End. Nov. 14 p. creasing to $|2,867.603 income Gross 37,562 14,250 „ the offices earnings Interest 38.770 2,513 iCr) etc...: TO A. Underwood, Assistant to (he Comptroller of this com¬ and Yates S. Williams, Assistant Controller of Reynolds Metals have been elected Assistant Comptrollers, eU'ective Nov 17 1947 The Gas De¬ ' to construction interest, 1980 1. Sterling Drug Inc.—Revises Production use 1,208,180 537,974 619.516 EFFECT $1000 000 Sept, __ 99.3698 Dec. earnings —V. icome ASSETS— (payment of interest subordinated Interest charged would 135,585 income 13,678 14,250 -Loan GIVING 1948 due of — state of William 1725. 1,730,000 13.678 Corp. ? p. 332,848 661,493 sale pany, Consolidated adjustmts. other than in¬ Net " cumul. pfd. stock which 166, acquisition Premium Service under annual Co., 769,628 Common mand note 1, awarded was bid postponed 1,461,401 788 to payment- of dividends on Dec. Pacific each Pursuant A 1 • transaction the from subsidiaries of 993,775 •12,348 Interest—'New-York -Water proceeds stock the from OFFERING $100) Standard Oil Co. 1,856,668 153,095 , - proceeds 1619. Inc. 166, the Stock-— 485,819 718 debt—- interest— an 1,082,550 12,296 on th6 week ended Nov. 22, 1947, with 2,323,000 kwh. for the increase of 10.2%.—V. 166, p. 2146. 559.521 152,258 long-term net OUTSTANDING Standard Gas & Electric 332.848 — on assumed due ceeds go to N. S. 1.312,065 Amortization of debt discount and expenstf^-:__ Interest the Green & Brock, Dayton, O., on Nov. 12 offered 422 shares of cumulative preferred stock at $104 per share. .Pro¬ 1725. develop.- $182,341 Taxes p. $5,479 is due to purchased 1947 1946 1947 1946 $13,979,991 $13,917,466 $21,675,545 $18,725,342 4,766,508 4,200,995 3,842,890 5,377,955 4,833.054 3,802,732 2,048,278 2,357,438 Maintenance $183,086 — of be debentures (par p. issue Co. —V. 70,164 Deprec., depl. & am«rt. Amort, of utility plant Exploration Total Total bonds 166, Gross consolidated sur¬ $183,085 : remainder will 127,968 Company only Deferred, Net-earnings advances are represented by 2.7&% the company for general corporate additions and improvements" to its by 1947 Southern Natural Gas Co.—Earnings— Inc.—Earnings-r- Sept.-30— Depreciation Real property 139,784 $174 construction programs.—V. * " . CONDENSED South Bay Consolidated Water Co., Such used SECURITIES 2%% $1,450,000 Co*—Weekly Output— the use common finance to • 1259. p. . company Intends to repay ad¬ and Telegraph Co. (aggregating Federal for U. shares treasury), $2,982,000; in total, $19,246,740.—V. $13,742,165; plus, (less taxes Nov. proceeds extensions, The rata pro then company stock The & (par additional funds Net service, past value provisions $839,316; profits excess 99,317 on Telephone Period— 137,294 offered of-record held, shares. Subscription rights 21. The ofiering was hot Southern Ry.—Estimated Gross 179,865 $100) Equipment Trusts Offered— Salomon Bros. & Hutzler, Drexel & Co., Union Securities Corp. and Stroud & Co., Inc. on Nov. 25 offered $14,500,000 2V4% equipment trust certificates, series W at prices to yield from 1.35% to 2.50% according to maturity. - <■ for SEC ■Southern the provision for payment to employees' pension trust on account $595,686; week last year, taxes. payable, and the Southern Co. Gas <te Other income and gold —V. subsidiary of Commonwealth <fc Southern Corp., has permission to sell an unspecified number of com¬ $5) to its parent and to the public. The number of shares to be sold and the selling price would be determined by negotiation between the two companies and under¬ writers. Southern, in its petition, says it expects to realize approxi¬ mately $20j000,000 from the sale of which Commonwealth & Southern would contribute $5,000,000 to $10,000,000. Commonwealth would obtain the necessary funds from the sale of its holdings of South Carolina Power Co. to South Carolina Electric Treasury Dominion notes, net are including 35-ycar company, the shares $1,700,000),. $488,541; other accrued Federal, State and $321,533; accrued payrolls and other accrued liabilities, and tax the American notes Capital 1946 dividends for business PRESENT of this company for kwh., as compared output 2,560,000 The asked mon total, $19,246,740. 558), $5,965,928; of $343,395 — (par . from Issued 1947 account of the drought.—V. 166, on corresponding partial payment war subscribed, close CAPITAL 5% 2146. p. stock mingled with the general funds of the com* intends to expend before the end of 1947, an amount in excess of such remainder for "extensions, additions and improvements to the company's telephone plant. operating has con¬ $386,344 1945 and $491,834 in 1944 for provision deducting $223,937 in the capital stock Ltd.—Earnings— -r-- Electric '$2.20 $1.90 at telephone plant. pany, Magnesium,, 69,011 purchase Consol. 166, 1945.—V. Canada Power Co. depreciation and totaled 2,598,050 $3,635,007 oper income Total Fed. 824,906 exps._ income—— Other 12,183,083 2,324,496 619,117 14,640.084 2,592,220 sold goods in Basic agreement. Southern Co.—To Issue Additional 1945 1944 $17,306,627 $19,278,626 12,006,968 13,167,043 1,972,567 1,885,397 563,834 542,914 1946 loss discts. $21,692,217 $18,646,824 sales, of surplus declared company for the company the Edison Since then formal Southern Colorado Power (-& Subs.)—-Earnings-^- Simonds Saw & Steel Co, •Gross without unit NOTE—Most of the increase in operating expense $2,042,349 $4,756,350 617.242 $7.70 166, p. 956. Cost the use capital of and was earnings power $1,493,715 542.331 $2.75 shares 100,000 $9,600,000). basic Magnesium project. Contract for providing executed in 1942 to extend until the end of huge Surplus - $1,371,186 2,450,186 purposes, 600,000 — $3,144,850 1,353,084 Specialty Papers Co., Dayton, O. reserve profit shs. outstdg.—- $2,020,204 270,818 contracts Taxes 1,084,756 936,173 — 3,133,000 $340,743 73,560 PURPOSE—-From 1945, Operating and maintenance $3,463,280 $7,880,350 contingencies Net to was Gross 58,523 .- inc. it Administration, Assets War Month of October— 77,355 30,830 The May, Basic Southern 1,329,123 58.527 2,036,051 95,394 68,977 $151,444 stockholders the - $3,154,847 $29,514,430 $27,550,111 2,526,740 25,476,021 21,794,599 287,364 ' 2,018,205 2,610,963 underwritten. exp. expense for Prov. Inc., \ j in and inc. taxes Strike 31,605,292 (727,223 52,573,661 )972,105 the by Interest, strike bef. 13.294.547 (282,407 | 491,347 21,992 27,748 18.075,305 329.567 exps by 10. 1945. An agreement with unit expired in May, 1946. tinued Prov. for depreciation Prov. Magnesium, terms of the contracts, WAA said they will acceptance by Los Angeles and the company upon since for power mats., wages approved Nov. agreements. needed $16,589,389 $63;635,538 $37,319,327 $21,395,381 income— 334,764 64,924 157.878' other income Total 653,745 615,547 cos assoc. interest Dividends, Basic $140,000,000 are the result of negotiations when Basic operations were curtailed and the original agreement for power was allowed to end. „ Under the agreements, the Edison company assumes payment of full operating costs of the generating and transforming units known as N-7, and the company also agrees to pay accrued rentals on the generating unit amounting to $183,081. This sum is comp ete settle¬ ment for Edison's past use of the unit. Under the contract with Edison, the government, it is estimated, will save about $1,050,000. The N-7 generator was installed by the Bureau of Reclamation for the Reconstruction Finance Corporation to partially supply power the of discts., less sales, Co., on general effective become 1724. Period End. Sept. announced Announcing common Sharon Steel Corp. Gross surplus San Co.—Earnings— company for subscription at par to the holders 30, in the ratio of one share for each live shares expired in Subscriptions— the October the Co. income approximately the of portions plant at Henderson. Nevada, will be assured of a sufficient supply of electric power to continue operations through May 31, 1951, under contracts with the City of Los Angeles, Calif., and the (Southern V. p. Of Trust charges. oper. by the $3,422,385 3,101,982 168,959 - demand plastic handles. was 166, remainder of the proceeds revenues.expenses.—_ taxes after vances of letter a of in part tilfr com¬ to finance used expended for-the -acquisition of property or for the con¬ completion, extension or improvement of its facilities. struction, notification was filed with the SEC for stock being offered by T. K. Seiberling and L. M. Seiberling as executors ol the estate of C. W. Seiberling, de¬ ceased. The shares are to be offered at market without underwriting.— 21 Nov. Net Net preferred stock will be used reimburse the company's treasury for moneys to part'ally Operating Operating Operating Stock were American 1947—Month—1946 1947—9 Mos.—1946 $3,427,262 $3,159,587 $29,559,500 $27,583,208 " 4,877 4,740 45,070 33,097 revenues Uncollectible oper. rev._ the Inc., Seiberling Rubber Co., Akron, On 4,500- shares bank loans and 1773. p. 'Period End. Sept. 30— SEC. construction program,' The current be previously 1828. p. the of Chicago 165, Operating cohering the new securities with the the sale of the new from Proceeds -of these 15,000 manufactures plastic tops for sugar dspensers, plastic restaurant supplies, ashtrays and utensil authorized 25 by the company to retire $16,000,000 of company's bank loans, rep¬ resenting a portion of the $32,000,000 of barik loans outstanding. Fort Collins, Company dishware, office Net; proceeds sharesvof common stock at par ($1). Proceeds will be used to retire loans and for ad¬ ditional working capital. offered November a statement registration a Francisco San & Co., Denver, on Colo.—Stock Offered,—John G. Perry filed 18 of Sept. 30, on Calif.—V. Southern New England Telephone with its proposed $20,000,000 cumulative preferred program in Co. Trust & Francisco, 1096. p. Commission U. P. to proceed financing mortgage $2.76 competitive basis. •' It is anticipated that banking groups will be asked to bid on both the price and dividend of the '800,000 shares of new cumulative pre¬ ferred stock ($25 par) early in December. The company on November stock $448,326 $0.36 $624,311 $0.50 $854,428 •'•$0169'' California The 60,000 190; 000 375,000 inc. taxes Seder & Son Molded Products Co.; Lic., 3 1,085,636 shares.—V. 166, on company 1947. current assets totaled $10,341,058 (1946, $4;732,757) and current liabilities (including dividend payable Dec, 15, 1*47) amounted to $2,708,587 (1946, $1,732,633).—V, 166, p. 1056. Nov. $2,991,174 $2.12 $0.74 < Southern California Edison Co.—Commission Approved 8,000 Net profit—... $1,448,765 Earnings per share—, $1.02 NOTE—As $2,302,536 $0.92 $798,452 - Preferred Financing— 595,312 898,623 Prov. for Fed. $999,124 626,848 share. com. j,- has called for redemption on Dec. 31, next, $157,000 bonds, 3% , series due 1971,'at 103 and interest; Immediate payment may be obtained at the Bankers Trust Co.^'lS Wall St., New York, N. Y., or at the Continental Illinois National company first Bank $2,220,550 874,663 contingencies. for .5,810,084 2,818,910 3,786,391-, 1,625,972, 502,382 income Net amort., - Prov. $2,024,330 •1,19,4,168' costs.-i__ Prov. for depict., . The drill. intang., devel. and $2,362,786 722.055 $3,916,556 Total 1,483,855 1,300,834 taxes. ' demption— of —— income for ♦Earns: per Prov. inc. $2,180,923 153,248 income taxes 1,043,526 $3,763,308 expenses Southern Counties Gas Co. of California—Partial Re¬ Southeastern Greyhound Lines (& Subs.)—Earnings— Seaboard Oil Co; of Delaware (&. Subs.)—Earnings— 3 Most End. the entire purchase price at the time of acceptance title." at the plant, not included in the sale, may be Studebaker at negotiated prices satisfactory to ithe 111.: Selection of personal property must be made by Studebaker within 30 days. r : : The sale is- Subject to National Security Clause restrictions requiring that' the plant shall, he returnable to the government within a specified time period in-its, former production rondition- in event*of. a national emergency. The engine test buildings and additions and installed Personal property purchased , bv WAA office in Chicago, zone 12 (2216) equipment THE' COMMERCIAL to> l)e'maintained are for Munitions by Board regulations. The Department of Justice. the The property, which has five sale also appraised an in years is to subject fair with approval accordance $3,978,079, of value comprises a 311-acre land site, 12 principal buildings of permanerittype construction, and smaller buildings. The main manufacturing building,v with a> gross floor area of 815,390 square feet of space, is a blackout-type of structure requiring lighting' and mechanical ventila¬ tion at all times. The appraised fair value includes allowances for excess wartime construction, unusable facilities and excessive operating costs.—V. 166, 801. p. The corporation Indicate that "Western Oil announced holders of Nov. of- common purchase by Sunray at $68 per share, pursuant to the offer made by Sunray on Nov. 6. Purchase of the tendered stock stock proposed the of have Western merger Pacific mation into Corp. by of contingent is upon consum¬ Western and Mission Corp. of stockholders to be held Pacific and bef. Income Net taxes preferred Earned of —V. 166, 3,030,134 337,346 1,122,759 Cr617,220 $396,098 $1,907,375 $954,566 99,266 100,000 298,458 stk._ shares. $269,132 $296,038 1,006,550 . 1,005,000. share $0.27 $1,608,917 elected was regular of meeting of entire slate the D. "Until a overhead of- the will re-elected Israels, of shareholders of be held in abeyance, past 1,006,550 soon for the of Otto & been in The firm by and the the the it case expected lower of board new condition financial is substantially man¬ the scale Thomas and the review The $0.65 the plans Adams the of and following: Fagan, Joseph M. partner, Van Nine Months Ended Sept. 30— Telluride Power Co. "After (Utah)—To Sell Bonds Privately has requested authority lrom the FPC to issue a new first mortgage bonds in the principal amount of $1,250,bonds would be dated as of Sept; l, 1947 and would mature company provision for 1946 The Eept. 1, leges at rights. 1972. Holders of the new bonds would have no voting privi¬ stockholders' meetings but would have bondholders' voting These new bonds supplemental to bonds would Peabody & proposed for issuance under an indenture company's present mortgage trust indenture. The the be sold Co., are to institutional seven $1,194,357 buyers is electrical an mitting the corporation southern and 2,421,380 directors share per the 2,421,380 2,421,380 $0.49 $1.72 estimated taxes and all The the stock justify. equal For of | Jan. 35 stock common 2, 1948 cents to for months 12 holders Odin earnings and on —V. the Sept. 30, 1947, net income which included 42 cents per regular quarterly dividends of cumulative preferred stock and $1.06 \\ preferred 10, stock, 1947.—V. Insurance both 166, p. payable OFFERING TO stockholders $9.25 of Jan. 1, 1948 1259. Knoxville; STOCKHOLDERS—Company issued subscription rights record Nov. 12, evidencing rights to subscribe at per.share for all new share for Nov. the proceeds growth and CAPITAL will expansion STOCK be of GIVING used the facilitate to the continuance company. EFFECT TO The SEC HISTORY (no par AND into stock a 1934. In corporation Company is Outstanding 100,000 shs. BUSINESS—Company is organized in pany value) 1935, under the laws 91,800shs. to successor this mutual Com¬ converted was The mulitpie writing company, authorized by the State of to engage in the business of writing both fire and casualty Tennessee a coverages. automobile insurance only written. was Such development enables the not only to increase its service and capacity to its agents and policyholders, but affords the company diversification in the character company its risks. AVERAGE ANNUAL EARNINGS 12 Mos. Avg. 12 Mos. Avg. 6 Mos. End. 1935 thru 1940 Per Share— 1941 thru 1946 June 30/47 Earnings Federal $0.17 Income $0.89 $0.74 0.00 taxes- borrowings at earnings Fed. -V. 0.08 0.00 releasing Sales, said to $0.17 $0.81 $0.74 The $45 at The registration Nov. be $6,200,000 evidenced maturing up for subscribed pursuant 32,300 17.—V. for to 1, delivery recent of offering shares were capital for a per Nov. on Since has been at annum The asked 20 Texas & Pacific Ry.—Results from '30— 1947—Month—1946 $5,530,131 4,364,077 399,463 Dec. notes Jt. fac. Net rentals oper. ry. of common its 50% 231 and connection the 1, 1942, preferred with common motor C. be, this increased It is and the stock, due to funded the the Vice-President production de¬ was 1726. p. dividend a to dividends of per share record the at $5.50 1948, to holders of including and an application shares Oct. 1, of rate 1947. $6 $7,143,900 128,924 1,855,208 1,241,480 24,554 21.305 188,004 151,393 $467,958 $577,183 $5,751,027 $6,335;140 66,150 72,698 $534,108 Other income $5,354,550 614,007 Fixed $649,881 $5,968,557 584;113 9,474 income 166, p. 8,110 81,712 90,915 230,694 charges Net -V, income deductions 233,695 2,121,044 2,107,174 $293,940 $408,076 $3,765,801 $4,137,051 the to the Interstate in The appointment charge of of production G. is Kenneth announced Pattison by Kurt company's of the $5.50 stated from come share per dividend as Vice-President in into which company bringing the locomotive financial and material stock common position is, costs has just moved, at Diversey Boulevard end Damen and Clybourn Aves., Chicago, 111. William D. Dreyer, associated with the management of this company for the past two years, has been named Export Sales Manager. A rapid expansion of the-company's export business is anticipated as fioon «!1 world-wide economic conditions will permit. company's line of cotton and plastic household utilities, nearly which carry the Tex-Knit brand name, are already sold in as The off Canada, Mexico and South America; as well as Australia, land, the Philippines, and the Orient.—V. 166, p. 860. " New Zea¬ stock common basis of stock four to shares converted.—V. cents- share.—V. per 162, 1328. p. represents a distribution, from Unrealized depreciation on Nov. 19, amount to to $1, net (EST) asked all to or 16, their of part notify Dec. on realized 1947, aggre¬ share per against $1.30 .in 1946. as receive been p.m. the December 166, divi¬ that to company 1947.—V. effect 172G. p. Disinfecting Co.—Partial Redemption— Dividend Disbursing Agent— Company of dividend for the North disbursing America agent stock. common „ has been the for For West Penn Electric Power output 22, 166, of Water 1947, output V. $5 offering, appointed transfer V. sec 166, agent preferred cumulative stock 2000. p. the Co.—Weekly Output— electric Works & properties Electric totaled 105,421,000 93,124,000 kwh. for of of Co., the this for the increase an (previously company Inc.) kwh., week of corresponding ended 13.18% week over 1946.— of 2148. p. Western Light & Telephone Co., Inc. — Would Issue Bonds—Reduces Preferred Offering Price— for be has company permission shares of used The First Trust Co. shares of of price Nov. has filed 6 Corporation 3 l/e '< Commission bonds $25). (par application an Neb, preferred been stock and 10,000 Proceeds would etc. Lincoln, 5'; Kansas 30-year preferred plant expansion, on the to $1,250,000 cumulative company cfefring applied issue to 5% for 10,000 and at reduced Harris, $28.50 $28 to offer to Hall Co.. & share. per 166, The Chicago, The share.—V. per through preferred 2000. p. Wilson Jones Co.—Annual Report— that oil Years Ended Aug. 31— Net a 1947 Federal Net 1945 $7,110,584 $5,909,218 1,502,214 742.315 488,387 605,500 345,000 217,500 $896,714 after 1946 $10,342,330 $397,315 $270,887 263,500 263,500 $3.40 sales Profit $1.51 expenses income taxes profit Capital shares Earnings outstanding ... share per CONSOLIDATED BALANCE treasury such of year this to as and substantial and payment rates part the of the'reduction of net earnings of" interest maturing debt hand and series, receivable $50,000). demand 263,500 $1.03 notes, 1947 United States and accounts doubtful for reserve 31, deposits, $696,257; $162,000; (after AUG. notes trade and and on the of; interest. $1,076,577; inventories (at in not excess of ac¬ accounts lower the average cost or market), $2,529,450; claims for refund, prior years' income taxes, $172,658; officers' and employees' notes and accounts, $30,853; production on notes—tax SHEET. of justify Nov. on total units 18 placed and announced plant and equipment (after reserve for depreciation of $2,511,156), $1,788,079; deferred charges, (insur¬ supplies, etc.), $44,187; patents (after reserve for amor¬ tization of $20,866), $2,394; total, $6,502,494." nad property, amortization ance postage, the in ductions further preceding orders few days equipment, crued 181 for $34,000,000; Diesel post in 1,900 which of the $200,000,000 Electro 80 1,500 Motive "second division of h.p. Diesel electric electric rebuilding program" Locomotive the Co. 12 1,500 h.p. Diesel electric the Union Pacific RR, ordered 40 freight locomotive units; 15 1,500 h.p. Diesel switching locomotives and eight 2,000 h.p. Diesel electric road locomotive Fairbanks Morse- & Co. locomotive; gondola cars will supply Baldwin switching one 2,000 Locomotive locomotives; and total, Pressed Steel Car h.p. Works, American Car Co. Diesel five & 1,500 electric 1,000 Foundry, 70-ton h.p. 400 hopper orders total a boost the of 750,000 EARNINGS total Diesel to 535 units purchased or on for Federal 166, p. an aggregate ment between prior to denced Dec. a in 2Vi%- England Gas Electric & Associa¬ Worcester 31, and the bank provides that at time any 1949, upon three days' notice, the bank will lend aggregating $750,000, each borrowing to be evi¬ promissory note which will mature Dec. 31, 1952. Notes 1947 and annum, New amounts by issued of SEC permission to issue and sell at principal amount promissory notes to First National Bank, Boston, in principal amount of $750,000. The proposed loan agree¬ and 1948 will issued notes annum. ~ The per additions bear in 1949 proceeds and interest will betterments the at bear from of rate interest the notes of at Worcester's 2'%% the will be per of rate used for property.—V. 164, p. 3194. horsepower. (INCLUDING Period End. Oct. 31— Diesel provision value $10 per share), $2,surplus since Aug. 31, 1932, 2000. (par earned asked necessary new $24,883; taxes, stock $6,502,494.—V. (subsidiary company, has unsecured Worcester units. Security common surplus, $1,492,464; Worcester Gas Light Co.—To Issue Notes— The tion) its h.p. Diesel electric Social $620,238; capital $1,272,922; Motors Corp. received orders locomotive units; 20 1,000 h.p. and accrued taxes, 635,000; and wages, expense. income railroad. payable, $281,748; employees' payroll de¬ Social Security taxes withheld, $50,647; ac¬ etc., $84,378; accrued commissions and miscel¬ $8,199; accrued State and local taxes and excise tax, income salaries, $32,016; General freight switching American for for laneous to units of rolling stock. The aggregate cost $26,000,000 will be for locomotives and $8,000,000 for gondola and hopper cars. George F. Ashby, President, said the orders were the largest ever placed at one time by the company and mafked an important mileis LEASED 1947—Month—1946 (Wm.) LINES) Wrigley, Jr., Co.—Earnings— (And 1947—10 Mos.—1946 $ $ Period End. Ry. oper. revenues 39,540,958 34,635,052 333,368,295 Ry. oper. expenses 28,202,993 26,510,079 from ry. oper. 11,337,965 8,124,973 87,338,059' 61,646,906 5,577,313 3,644;217 46,006,801 Sept. 30— wholly owned subsidiaries) 1947—3 Mos.—1946 1947—9 Mos —1946 29,267,437 300,465;665 246,030,'236 238,818;759 Net sales Profit $13,606,701 operations. 6,017,086 from Depreciation Net: rev. "Taxes Equip, and jt. facility Profit (net) inc. 1,615,891 from 1,717,750' 11,885,200 10,197,411 Other portation Inc. from and Net 4,144,761 2,763,006 29,446,058- 1,679,633 oper income 1,381,846 17,189,729 9,976,496 • 4,144,852 46,635,787 32,158)554 512,381 834,585 6,822,275 Fed. 10,095,792 5,312,013 from & 3,310,267 39;813,512 22,062,762 all 3,100,000 166; p. $3,274,244 $1,187,751 230,441 332,867 - $8,799,669- 277,125 865,597 6,627,947 $3,967,304 1,279,;204 291,316 545,380 taxes tax $3,504,685 $1,756,192 1,337,637 $9,665,266 498,495/ $5,791,888 3,606y862 1,799,407 credit tGain-from sale of 500,000 real property. 320,625 Consol. net profit.... Shares of capital stock. $2,167,047 1,967,637 $1,257,697 $1.10 $0.64 per-share 1,966,727 $6,05&;4041,967.637- 1,600,000 / 22|999,590 10,119,366 1829. "Credit-due to carryback to nrior. of current year, f After year applicable tax. of. unused i'Not $4,813/106 1,966/727 $3.08 income taxes -V. 6,899/709 for foreign inc. taxes Earnings Fed. 411,496 2,081,383 (net)____ Profit before prov. 22,182,058 5,824,394 sources "Includes 106,400 2,602,009 foreign subs. income sources income $36,049,303 t 16,110,874 $10,928,118 trans¬ investments other from.operations income from % $3,375,534 140,833 Sell., gen. and adm. exp. Divs. Net President. the company into the on preferred LIABILITIES—Accounts The Pattison supervised the planning and construction of the $1,000,000 plant of have been called for redemption on Jan. 1, next, from moneys in the sinking fund, $44,000 of 2*4% sinking fund debentures, due Jan. 1, 1961 at 10 and interest. Payment will be made at the Trust Co. of North America, New York, N. Y. ceptances payment." Fixed & other chgs Goldsmith, 20 have 4 and outstanding. If capitalization will become Orders More Rail Equipment— Total Mr. to wishing stock before "Federal Appointments— 1947 year in or Com¬ 1525. Textile'Mills Co.—New 1947 Including this dividend, total distributions ASSETS—Cash resulting from the refunding of other debt at lower rents Total Miscel. 11 share per said: company debt The $7,397,762 convertible 15, share authorized the change declaration the dividend further was order for 274,079 income. dend the coaches, Arnot, October 166, "Notwithstanding great increases in wages heavy taxes, the earnings per.share en the duty $727,412 be York, history. H. of stock, payable Jan. 2, July approved by the stockholders, effective July 1, 1948. electric $4,504,235 $45,550,338 $41,822,446 3,443,616 34;630,388 31,352,587 333,207 3,522,188 3,325,959 be Dec. each share per profits. $1,776,283. American 164. p. requesting permission for authority to issue two value preferred stock in exchange for each $100 par value preferred share held and two shares of $50 par value common stock in exchange for each $100 par value common share-held. Contingent upon the Commission granting the above request, the stockholders at their annual meeting on May 11; 1948, will consider a proposal to change the par value of the authorized and outstanding capital stock from $100 to $50 per share, and to double the number heavy 1947—9 Mos.—1946 cents the on The $50 par Diesel $766,591 (net Dr) 22 Stockho.ders with 1950. 31, 166, $ Railway oper. income Equip, rentals (net Dr> and Commission shares of Operation- New banks. Record-— a produced in declared authorized merce 70-ton Period End. Sept. of $50 1,390: will On Nov. 21, the directors declared a dividend of 40 cents per share, payable Dec. 29, 1947, to shareholders of record Dec. 11, 1947, Of this amount. Is cents per share was declared from ordinary net income the cars. Operating revenues Operating expenses Railway tax accruals.. City at share, Payment 1526. amounting and has promissory to Output coaches.—V. disbursing also from 166, p. 2147. next, per stock. the of 15, cents preferred Bank may on for Dec. on 33 Vb of Y. called and redemption quarterly intervals. board From stock total withdrawn the outstanding 21,112 shares of class A stock have been redemption on Dec. 23, next, at $27 per share, plus accrued and certain construction.—V. figures, than more common 1947. passenger shares 2,216,632 the unsubscribed Co., from by and in 40-passenger Twin the present on 1,500 stockholders (par $25) $99,748,440. these that directors electric TexasCo^—Shares Subscribed For—• of Wellington Fund, Inc.—Declares 40-Cent Dividend—> The The after assets entire for dividends $3.25 Union Paoific RR.—To Pay $5.50 Common Dividend— Plans Two-for-One Split-Up of Present Common and Preferred Stocks— for 166, P. 2147. -The to locomotives passenger locomotive units. taxes income $1,301,950 Service part 2'/a% used the Cities up borrow would and In voted Diesel Net 2 of During October this company largest single production month Company is developing increased volume in fire, miscellaneous liabil¬ ity and workmen's compensation insurance, although in its early years J taxes 1946 $1,606,229 $4.02 and Twin Coach Co.—October Tennessee. of 1947 deprec. 400,000 shares subsidiary a proceeds would be will mutual a company on permission to interest on OFFERING Authorized Capital stock after company, for In PRESENT 1621 Trust of PURPOSE—Net •of the 15,300 shares of capital stock on the basis each five shares held; Rights expired 5 p.m. 29. N. business stock for dividends convertible National York, stock of pp. called 1726. p. company Co*, Chase New West Toledo Edison Co.—To Borrow $6,200,000— Dec. of one (ESTl 166, cash the War Emergency Pipeline. of declared Dec. dividends ended share, common 4.25% current as profit oper. i/c quarterly Tqun.— Stock Offered—Elder, Wheeler & Co., Chattanooga and J. C. Bradford & Co., Nashville, on Nov. 21 offered 15,300 -shares of capital stock (no par) at $9.25 per share, sub¬ ject to prior rights of stockholders. to v of declare to amounts the 4:10% record Tennessee J the per on the on holders such also share per share per shares payable 1947, intention the lease operation directors $1.02 Va in $2.31 to share from The 31, 10, 1947. expressed its common was outstanding of remaining the voluntary dissolution Warren Brothers Co.—Calls Class A Stock— Nov. Dec. board position Dec. dividend initial an the of. approved other Construction Co., Inc.—Earnings— Years Ended Sept. 30— Net Earned per share in declared 25 2,100,000 quarter- endingrecord of to the on Nov. on 3t., close 1999. Tishman Realty & Tennessee Gas Transmission Co.—Initial Dividend— The The at called accrued cumulative common Kidder, through purchasing, generating, trans¬ electric power and energy to consumers in parts of Utah.- distributing and central engaged the $4,168,578 depreciation, last, There New York and Mitehum, Tully & Co., San Francisco. Proceeds are to be used to call and pay off outstanding indebtedness and to provide funds for construction of'new property. The company plus, 4% Preferred for 1945 series of 3%% «00. of Broad of has company gated $3.78 charges.—V. 166, p. after disposed or 10, Wallpaper, Inc.—Partial Redemption— shave, made The the partner, $9,144,682 outstanding practicable as Moore 1947 share per The Per manage¬ Raalte, Co.—Earnings— "Net soon 166, p. 995. United Garibaldi J. as the of Blauner, D. be have been sold The stockholders on Oct. of the corporation.—V. securities Timken Roller Bearing" profit Capital shares will corporation stockholders to sent & Schley; J. J. Organization; W. D. Kelly, M. Shroder, President, Millard Shroder, Inc.; B. H. Roth, partner, B. H. Roth & Co.; Jonas Reiner, President, Custom Undergarment Co.; and N. J. Zaro, President, S-P Socket Co., Inc.—V. 166, p. 1933. President, stockholder; but declared. McGoldrick, includes now Co.; made, McGoldrick be * have declared an initial liquidating dividend of tlivo share; payable Dec. 15 to stockholders of record Nov. 28, 1947. The) timp of subsequent distributions, if any, has not been detedmined, 166, will Voted— directors cents per salaries that than detailed its letter a progress Mr. Liquidation—Dissolution The of named was question of officers' complete can Messrs. United States Oil & Royalties Co.—First Distribution in N. law Committee, made any keyed company, future, directors Fuerst be boavd the to Treasurer. Robert years." the as facing addition board 1,005,000 $1.60 $0.29 Monday, December 1, 1947 shares has but will several Co., was elected Vice-President of Vice-President. Independent 24, proposed by Adams, Vice- company. study remuneration and the to Nov. on directors formerly business prospects Goldrick said, "the Mr. agerial Raalte, the at 26. tally stockholders Executive Secretary the future company," the Van became counsel to thorough costs, R. McGoldrick, Chairman Committee. Brig. Gen. Donald B. director of Southeastern Public Service Counsel Earnings The Joseph company, Comptroller, election and & General $654,566 1525. p. this 300.000 cumul. com. the Garibaldi, Cr346,181 stock on per 49,917 $368,298 $4 common Earns, $69,394,419 $44,962,081 82.129 on the was Berlack ment . income Dividends No. 450,527 income on $16,774,353 of Independent In taxes. Federal for Prov. Fed. City informing them of 1947—9 Mos.—1946 1947—3 Mos.—1946 $21,628,054 York following President less returns allowances directors of the new board held on Nov. McGoldrick announced that the final conlirmed the of meeting Mr. votes, As Period End. Sept. 30— New initial problems Sylvania Electric Products, Inc.—Earnings— Cross sales, board of Sunray to be voted upon at meetings 5 and Dec. 6.—V. 166, p. 1998. Dec. -oil old former for Sunray CHRONICLE Culminating the successful fight of independent stockholders to oust the Broad preliminary tabulations stock of Pacific that 25 shares 111,215 FINANCIAL Thompson-Starrett Co.—McGoldrick Heads New Board President, and Julius Thompson-Starrett Co., Sunray Oil Corp.—Progress of Merger— & excess $2.45 profit credit stated. NOTE—The for United: Fruit Co.^-New Liner Launched— On Nov. 24; 1947 Bethleh'emrSparrows is-the eighth yard—V. 166, in p. a the company's Point Shipyard, program 1726. liner ULUA Sparrows of" nine sister launched was Point, at Maryland-: the She ships- building; at1 that . above report includes profits from foreign subsidiaries months ended Sept.* 30,. 1947. in the- amount of' $©17,418 prevailing rates of exchange. It does not include the.comequity in net profits of unconsolidated' domestic subsidiaries the .nine stated! at - s - pony's which taken V. were into 166, p. $19;1.509'in: excess; of dividends- earnings 1622. for the received "therefrom nine*months/ period- of Sept: 30, and 1947.—. Volume THE Number 4651 166 COMMERCIAL Stock Record & FINANCIAL CHRONICLE (2217) New York Stock «» Exchange DAILY RANGE OF PRICES WEEKLY VOLUME OF TRADING YEARLY RANGE OF SALE PRICES FOR EVERY LISTED ISSUE .Tuesday Nov. 24 f t *72% 73 Vj S5 7% tier 72% *80 7% *57% f share 72% snare SALE Nov. 25 ■>.) No\ HIGH AND LOW Moo day Saturday n<»r 72% 7% 7% t Nov. 27 share 72% 73 per *80 7% f per share 58 58 56% 58% 17% 17% 17% 17% 17% 17% 17% 56%' Abbott 2,000 ACF-Brlll 1,600 56 wu, 13% 38 60 48% 48 48% 47% 47% *'46 50 400 Adams-Mlllis 36% *36 3J'/U 35% 36% 36 36 8% 8% *8 8% 7% 28% 28% 27% 28% 27% 27 '/a *100 105 105 105 *100 *100 4 Va 900 Admiral 26% 27'/a 13,100 105 *100 Alabama 4 Va 4 4 4% 18 Va 18 13 18 18 VB 17% 17% *87 88 *87 88 *87 88 88 83 3% 32% * 72 3 Va 3% 3 Va 3% 338 40 Va 39 Va 39% 39% 39% 39 72 70 70 70 70 Va 70% 33 95 12 32% 33 Va x31 32 30% 31% 95 95 *:)3 98 xl2 12 *11 Va 12 197 Va 202 *20 20% 35 35 % 35 32 12% 197% 20% 34% 95 12 198% *20% 33% 33 Va *92 12% 198% 32 *£7 31% 97% 97 Va 39% 39 % 39% 94% S4% £4 94 *30 % 30% 30% 30% 6 ' *6% 8 9,300 9,400 Allen Industries 3,100 Allied Chemical 197% 20 20 Va *20 39 Va *94 30 "a 31% 6,900 Allied Stores Corp common.—No par *37 97% *97 97 Va 100 3^3/s 39 39 % x37% 38 3,800 94 94 93 93 % 1,200 30% 3034 30 3 4 30 Va 30% 600 Alpha Portland Cement 500 Amalgam Leather * 6% 6 3 '8 6 3/a 6'4 53 49 49 84% 85% 50% 50 % 50% 49 Va 50 49% 50 % 49'4 49% 8' 7% a 734 8 7% 8 7% 7 Va 60 7% 6% Amer 21% 21% 213/8 21% 21 3 70 70 69 69 69 69 *67 69 12 12 Va 12% 12 Va 12% 13 13 *12 12% 400 American 40% 40% 41% 41% *40% 41'/a 41 41 41 700 Amer *108%. 109 Va *108% 109 '/a 109 Va 109% 400 4% 5% 4% *21% 21% *69 71 12 5 * 110 43/4 5 4% 80 Va 83% 181 % 181% 180 180 Va 179 Va 44 % 44% 44 44% 43% 107% *106 107 Va 84% *106 23 % 82% 49% 50 Va 49% *20% * 21 50 Va 20 Va 20 Va 50% 20% 21 21 20% 21 21 21 92 91% 91% 42 % 41'/a 42 Va 51 20% 800 91 Va 41% x393/4 41% 39 Va 40 20,700 106% 104% 105% t 105 3,700 *31% 31'/a 30% 31 5% 5% 5% 15% 15% 15% 18 18 2% 18% 2% 2 Va 2% 2% 2 Va 23/a 2% 97% 97% 95 Va 96 Va 95 % 95 % 95% 95 Va 9% 9% 9% 8% 9 Va 9% 8% 15% *18 *82 91 a 5'/a 15% 17% 81 16 17 Va 3 % % *37% 37% *37% *37'% 7% 7% 7% 7% 7% 7% 7% *52 Va 8% *8 100 *93 100 *93 12% *12% 14 14 *14 19% 19% *12% ' *93 * 12 34 t •>•> 1 92 *9% 14% *14 14% 19 % 7,000 Nov HIGH t oct share 94 26% 27% 129 *91 Va 10 10 31% 31% 32 3 33% 100% *100% Sales for Nov. 28 the Week I per share share 1 per share 21 % 21% *91% 94 27 27 129 2.000 94 Amer Mach 130 9% 2,800 8% 8% 22,400 96 % 4,600 $6 3,800 $5 68 3 68 V2 4 15% 15 Day % 34 % *10l3/8 101% 10% 10% 10% 10% *17% 18 V8 17 17 17 38% 39 38 38 *38 68% 68% 69% 69 693% '/a.. 153/a Amer 14,800 178 % 178 35 17% 17> 153 % 150% 3434 343/4 153 151 Va *34% 343/i *1 *140 140 144 *140 144 29 34% 153% 154% 34 34% *138 140 10 29,500 102 500 10 % 4%% American 2,100 No par Inc 1,300 140 *22% 40 6% 43% 129 129% 300 19 3/4 2,600 152% 153 Va 13,800 1% 153 % 1 1% 142% 140 141 1193/a *119 119% *119 56% 57% 56% 1183/4 141% 141 56% 56 non-cum 17% 18 17% 18% 17% 17% 48% 48% 48% 49% 46% 48'/a 100 *96 *99% 98 98 Va 95 a *66% 67 % 140% 142 68 % 141% Rights No par 6 100 6% 17% 12,500 Am 44 43 43% 36,000 American 5% 300 Conv 6% 6% 6% *63% 64% 300 36% 35% 36 Va 16,500 70'% 73 72% 75% 74% 76 % 7334 77% 75% 77 5,240 35 % 35% 35% 35% 35 Va 35% 35% 35% 35% 35% 1,700 102% 102 Va 102% 102% ;*11 12% 5% 5 ^5 . 5 ; , 38 y ♦For footnotes 37 % see *5 Ml' 5% ' ' *37 " 37% page : 24. - 36% 36% 116 Jan 8 10 100 92 Nov 20 No par 9 Sep 25 x25% May 19 129 Oct 21 9% Nov 26 28% May 27 8% Nov 28 No par 28% Sep 101 111 May 16 3/a Nov Jun 15% Jun 44 Va 119 Ovy Jan May 100 106 % Jun Nov 25 % Jun 32% July 17 147 July 17 23% 133% Oct 43% 14% Feb 5 May 21 7 Dec 11 163 Oct 39% Feb 24 34% 24 W% Sep 21 97% Jan 21 68% Jun July 17% July Sep 16% Feb 129% Feb Jan 117% Feb 99 45% Mar Nov 12% 25 21 Highest 6 per share Oct 98 Nov Jan 21% 3 81 24% May 19 2 15 25 11% May 19 $ per share Jan Nov 176 Lowest 15% Feb 91 900 Amer $5 prior 25 60 Apr 22% Jun 133% Aug 123% Aug 17 Feb 7 12% Wnt 23 Feb 186 Oct 8 Xl73% Nov 186 Feb 37% Feb 7 27% Jan 42% Aug 109% Feb 24 95% Feb 108% July & Elec Zinc Lead & 11% 100 Andes Copper A / P W Products Co " t. j -^4-.;., : Feb 50 % 28% July 24 25 Va Dec 43 29% Jan 24 Sep Jan 7 2 38% July 58% Feb 146% Feb 24 138 Sep 158 Apr 159% Jun 10 3 19 Oct 174% Feb 4 lap 172 38% Oct Apr Feb May 22 19 2^ Oct 5 19 84% Feb 5 Nov 200% 73 Oct 76% Oct 99% May 100 Va May 29 82 % Feb 61% Apr Nov 7 41% May 17 xllG% Oct 10 12 May 19 163% July 23 150 174 July 3 48% Oct 78 May 120% Aug 12 116% Sep 121 Jun 13% Oct 58 % Jan 18% Feb 8 16 50% Oct 20 May 23 68 % Jun 5 110% Feb 13 100% 103% Feb 13 87% 26% Jan 90 1 29% 8ep 28% Jan Jun 70% Jun OP. 182% Jun Dec 105 % Nov 10% Jan 6 7 Sep 15% May 2 30% May 19 45% Jan 15 69% Apr 1 64 Dec 90 5 35 Oct 51% 26 41 Sep 60% Jan 35 51 4 38 Sep 62 % May 111% Mar 10 108 5% Mav 19 25 62 50 Nov 20 101%' Nov 28 21% , 20 15 140 No par com X45 Apr 62 46% Jan 10 20 16 14% ADr 15 10% Nov 15 42 Mar 77% Nov Jan . - X114% Mar Jan 15% o-t 16 13% Sep 4% Nov 10% Feb 26% Mar 41% Dec Jan 29 17 6% Feb 21 29 39% Oct 15 , Feb 43% Ap^ 30 Dec Jan May 58% July 7 20% July 24 3% Jun _No par i 50% Nov Inc___.___.__5 . Dec Apr 27% 149% Jun Corp. Archer-Daniels-Midland 191 6 25 Mining 400 34% 160 Oct 8 30 Co 400 r: 165 Feb Anaconda Wire & Cable No par Anchor Hock Glass Corp corn—12.50 $4 preferred No par *10% 5 Jan 18% Oct Copper Mining 12 V2 Mar 37 100 Smelt July 17 158 new—5 preference *11 5Va Oct 40 Feb 31 100 & 36% May 19 172 Aug 25% May 19 com...No par Oil *5 139 common..No par Anderson-Prichard *36% 33 100 Jun No par prior conv preferred Anaconda 110 - par 100 Anderson* Clayton '. / $ per share 18% Jun 25 300 5 118 Year 1946 Highest t per share 100 10,800 103 36% Sep 108% Nov 25 Corp common..14 20 Va 5 9% 18% Mar Jan 28 22% 1% Nov 53 Va 36% Sep 99% Oct 10 common 101% 11 8% 13 30% Feb B 19 Va 11 10% Jan 24 106 % Mar 7 18% Mrv 19 No par Tobacco *52% 12% Jan Nov Range for Previous com 101% *52% 19 Jan 63 35% 11 v, 1 19 % 53 18% Jan Dec 5 No par 53 % *101% 53 19 12'/a Apr May Oct Lowest com 19 103 53 19 553/4 May 31% 14% Nov Preferred 6C0 64 % 53 44% 118 44% Range Since January 1 Co Woolen 90 6% *11 Wks 100 64 % *101 Wtr 90 36 - 27 May 19 preferred— *97 . 129 % 10 x34% Jan 12 STOCK Foundries American Viscose 99 % 36% 19 Va Jun Oct 37% Sep 5% Oct 9% Oct 55 5% 1 preferred class 92 V'8 64% 54 May 16 Apr 23 9% May 17 8 1 common preferred 16% 36 Va 19 16 90 100 common Tobacco Common 17% *63% *53 Jan 22% July 30 — American 17% 36% 7 5% May 19 49 1 May 19 119% 63% *6% 42% Apr Mav 17 460 63% 7 July 29 37 50 American Tel & Tel Co 2,800 35% 6% ®iep 34 740 56 119% 36 % 6% 90 116 4,400 65 6% 3 70% Oct. 1 Co American Sumatra 1,100 68% 35% *63% Oct Jun 54 Va x92 Sep 18 21 119% x43Va 100 25% Feb 101 % Feb 23% Jun 56 % 99% 100 *93'/a 100 100 99 100 ■ 115% Jan No par 119% 119 6% Feb 11 28 No par 65,700 20 ■ 57 500 193/4 1293/4 68 Va 143 25 American Sugar Refg common.—100 Preferred 100 23% 43% 69 % 57 Jun 28% Aug 14% Jan 2% Nov 100 Snuff Stove 143 23 Va Nov 89% Sep 8% Nov 10 Preferred American American 1% Oct 17 Yt 9 Apr 400 3434 *138 44 68% 13% 10 Sep Jan 23 % 67% Feb 17% July 28 20% July 15 Jun 73% 43% 1% ll'/a Sep *22% 69 75 Sep 45% 43% 68 % Not 0% 28 23 % 1% 41% 69% Nov 43% 69 6 7 16 % No par No par com Jan 6% Feb 13 40 Co 46 48% May 19 150% Nov 24 153 % *22% 68% 3% May 19 5,900 44% l3/8 25% May 19 20 23 V* 69% 28 52 *431/4 683/4 102% Nov Jan 48% July 28 118 % Oct 15 33% *22% 1% July 28 Dec 44 % 69% Jun 39% Nov Apr 32 % «»«>r 26% 68% 108 Sep 23% 1% Dec Feb 19 *42% 69% Sep 97% 102 14% *22% 69 Va 20% 24 21 1 Stores 13/a 4 Mar 12 12 Feb 34 Va 33 Steel 69% Oct 69 3 i *34 140 69% 17% Jan 15 American 153 Va 7 40% 150 oct. 10 4 American 153 % 5 56 42% Oct 900 153 Aug 26% Feb ,, 16% Feb 22% Feb 3,500 153% Nov 104% 27 26 Va 152% Op» 21Va 0 9% Aug 25 15% May 20 28% 153% 96% 10 Feb 34 26 153 8 28 Va Feb 110 par 23 129% 115% Jan par 26 Va xl9% 72% May 132% Mar Nov 90 20 Safety Razor 28 Va 20 Nov 100 Seating Co No Ship Building Co No Am Smelt & Refg common..No 28 130 42 American *26 19% 1 Amer 283/4 *129 210% Mar 130 26 Va 20 Dec 700 25% 131 79 184 10 com preferred x28% 19% 1 12 Mar 196% Sep 54% Feb 17 152% 34 % conv 29% *129 xl9% Sep 100 No par No par 26 Va 19% 10 com 1 Light 23 131 5 8 99 Oct Oct 38% 69 154 & 26% 19% 47% Oct 19 Sep Amer Rad & St San'y com___No par Preferred 100 American Rolling Mill com 10 60 34% Power 29 *129 94 No par SS May 21 May 21 20% May 21 105% July 18 100 Co *26 . Inc preferred T 178 % 10% Jan preferred 85 39 103/4 Feb 106% . 95 68 % 40 17% American Metals Co Ltd com.No par 6% preferred 100 180 ' *39 *6% cum preferred Machine & Metals Amer 84 % 8% a 101 % 8 Fdy Co 84% 100 Va 7% Feb 3.90% 100 129 & 95 Va 17% 10% 21% News 100 Va 3% May 19 1 Par Molasses 151 12 YORK American 34% 110% Nov 108% Oct EXCHANGE American 39 17 % NEW 500 34% 30 Shares 27% 9% 934 178% 15% 180 Apr 100 STOCKS Friday 1,000 33 Va 64% 3 u__100 9 % *178% Oct preferred 3134 33 100% 7% 9% 84 85 3b % Locomotive *31 Va 94 3 preferred 9% 8% 9 97% Feb common 31% 182 4 100% 10% 10% 17% 15% 15% 15% *173% 182 33 81 88 87 % 15% i534 *178 % 91 98% 97% 89 8 Va 93a 9 9ab 50 Leather 31% 10 32 36 Products non-cum American 700 Nov. 27 Thursday 132 *129 No par Lines 9% 9% 99% 9 Va 26% 27 130% *31 % 9% 89 * 9% 10 99 per 2 1 3/4 22 % *91% 1 109 Home PRICES Nov. 26 x21% *9% SALE 108% 108% Wednesday 05 33 *9% *31 * AND Tuesday 132 *130 108 Va 108 Va Jan com American International Corp American Invest Co of 111 500 19 108 Va Jun 30 preferred conv 6% 19Va 9% 27 27% 100 12 % 12% 19% 94 *91% 10 132 400 221/4 *9 % *27 Va 12% *93 100 6% *13% share ver 92 *130 American Ice 14% 111 22 22% *22% American 1,200 " 19 Va Nov. 21 share tJ*r 6,300 8% 14 LOW Not 24% 8% 19 Va Monday Saturday 54 24% 19% 111 88% Nov Hawaiian *52% 12 Va Ont 12% series A American Hide & 8% *93 72% $7 2nd preferred A $6 preferred 25% 12% 7 5 Co Export 53 Va 100 12 Va Jun 77% Jan 17% Feb Encaustic 8 Jun July 15 Cable Chicle 25 Apr May 19 May 19 Co preferred American 53% 9 Amer & Foreign Power com..No par $7 preferred No par 1,200 75 91% May * 67 Co 14 % 19 % 112 *111 *8 Va ii 37% Nov 1 common & 8 Va 54 25 8 24 50 preferred— 253/a *52 Va 54 50% NOV Apr Tiling 200 f^r , 34% May 16 Dec 18,200 83% Oct 45% American Distilling 900 Oct 44 64% 9 Oct American 8,300 6% July 24 25% 2 Va 9 38 Va 25'/a Apr 90 7 prior preferred American Cyanamid Co i 3 51 7 Jan 93% *7Va 8 8Va Feb 16 31 American European Secur *37% 25 Va 5% May 19 Nov 20% May 19 American 734 *52% 39% May 12% Apr 10 common 2,000 38% 25% Sep 19% 2,300 7% 54 95% 25 Jan 74% 16 *37% 25% Not 23 35 inuv 4%% 3 7'/a *53 Not 91% Nov 700 *78 38 30% 27 26 67% 23a 82 *80 81 14 99% Oct Jun Mar 26 17% xl7 42% Oct July 62% May 80 93% 18 9 , 108 11% Apr 300 5 Va 15% 163/8 18 *15 82 82 84 32 *5% 105 % 28 Colortype Co American Crystal Sugar 40 32 Not No par 20 3% 5% 99% Amer 91% 32'% 5% July 28 36 92 *5% 32 a., 5 % 63% May No par 100 203/4 32% 32% Nov 28 American 102 3 31% 7 400 106 106 3 106 107% Jan 6 28 *20%. 4 *106% Jan 39% Mar Nov American Jun 39 Nov 1,800 212% 29% 79 20% July Oct" 154 Sep 175 conv 24 7% Nov Corp Shoe Chain 61% May 113 58% Nov cum 5% Nov Jan Oct Dec 25 *91 41'/a 202 38 91% 5 1 Preferred _ ib 12 18 Va 100 92 *91% *42 50%. 203/4 203/4 20% *90% 50 Va 20 Va Jan 29% 100 23 Jan Jan 82 48% Feb American Car & Fdry com 7% non-cum preferred 1,900 107 8% 69% Oct Apr 12% Nov 900 107 Va 23 *106 Oct Oct preferred. —.100 common American *104 233/, 3% 29% 52% ; Mar Note Bosch Can Aug 14 Jan 610 41 Va Feb 103 36% Oct 73 4,800 178% Mar 22% Feb 46 3,100 41 i35 Oct 8 104 May 20 * 50 preferred Brake Jan 17 23 No par Chemical-No par conv American Bank 6% Apr Feb 44 13 Oct 59% 76% Nov Jan 24t/b May 19 1 com 4% 176 107 x50 % cum Inc 80 Va 4% 102% Aug 11 5% Feb 4 Feb Nov 30 % May 19 Corp preferred Amer Cable & Radio Corp 106 106 3%% 40 43 *106 51 0' Dec 18 20% 91 No par 79 181 ' *23 % 233/a 107 1,800 *109% 4% 42 Va 107 21% a 82 179 43 Va 23 % *106 107 *106 107 *106 23 3,4 23 Va 23% *105 181 Day 109% 4% 82 % 813/4 *83 109'/a Thanksgiving 2,800 21% 22 4 Co American Airlines 59 59 90% Nov 41% 30 Jan 16 97V2 Nov 24 100 preferred Agricultural 59 58 "4 preferred conv Petroleum 59 59 51% May Sep Dec 18 May 17 29 Va May 17 No par 100 convertible Amerada 18,900 . cum 60% 61 Inc preferred 3%% 1,300 8 5 Co Allis-Chalmers Mfg common—No par 800 *50 % 4% 200 85% 12% Nov 164 31 Va *49 Sep 25 No par Dye 31 Va 85 % 60% & Mills 6% 5 2 10 Kid Co 53 104 8 25 Allied 85 % 18 11 Allied 6% Feb 6Va Feb 31% Jan 112 Aug 27 30% Nov 300 85 % *49 33 90% Nov 2,900 86 53 1 1 new 33 % 85% *49 Inc 20 % 86% 50 1 32 Va 30% 38% Feb 85 33% *85% 50 100 31 x23% 34% 8% 56 10 196 24% to 2% May 19 25 Va May 19 1,200 198 "2 '*11' .* 10 4 Apr 14 17% Nov 17 preferred A 100 prior conv preferred-No par Allegheny Ludlum Steel Corp_No par Alleg & West Ry 6% gtd 100 12 Jun 40 $2.50 800 68% Jan 10% Feb 5%% 3/J09 Feb 40 % Oct 104 5 4%% preferred Allegheny Corp common 97 11 Va 100 Mining.—110 Goid common 94 Va *97 7 *93 No par 97% 34% 31% S8% 3% 3% 197 201% 20% *20 32 39% 6% Inc 24% Oct May 19 May 27 30% May 16 6 Vicksburg Ry Juneau Aldens 71 /a & Alaska 1,500 39 Va 69 V2 1 9,000 ■ 70 3% 40% *90 % 4 VB 39 Va 3% 40 % *69'% 4 60 * 26% Nov 28 * Corp—10 Corp Air Reduction Inc 105 4 18 88 No par Addresoograph-Multigraph 7% 4 "a *87 Corp 800 7% 18 % May 29 20 48% 4% Feb x50 Oct 36% *18 19 18% Oct 8% 27% Not 13% May 19 36% V Dec May 8 1 I eo share 169 10 H»% I tjpf 91 105% 01% Co 50 >100 2.50 I Apj Oct 7 July 28 110 Highest J per share 6% May 21 43% Apr 19 *8% 27% Co 87% JAD Year 1846 Lowest Express Adams 3,500 66% May 20 00 Jun 4 No par Motors 36% *4o% Range Since January 1 Lowest Highest t per share $ per share No par com Straus Steel Acme 400 17% 17 Va Laboratories Abraham <fc 6% ,*55% Range for Previous STOCK Par 95 6% 6% *56 73 % *80 YORK EXCHANGE Shares ihare 72 % 95 6% I pe* NEW the Week Nov. 28 73 % 58 17% STOCKS 8ales for Friday Thursday Nov. 26 share 7 PRICES Wednesday' 95 *80 95 13 x64% July 27% May I: 24% Feb NEW LOW Saturday Nov. 24 t per share Nov t per share 14 13% 109 13% 109 HIGH • 25 . 14 13% STOCK Nov. 27 14 133/4 13 Va 109 109 109 19,800 109 48 48 48 48% 48% 49% 49% 493/4 1,300 97% 97% 96 97% 96% 96 Va *95% 96'% 96% 97% 15% 14% 15% *14% *14% 15 14 14'/a 14% * 15% 14% 14% 15 $3.75 100 Arnold 500 Artloom Corp. Associated 14% 3,500 105 105 105 105 103 104 103 104 1031% 103% 150 6% 105 102 103 102 102 102 102 100 100 100 7% 2d 29 29 29 1,700 15 14% 15 15 14% 15'% 14% 15 14% 85 15% 83% H OO 84% 83 86 101% 101 101 101 15% 16 16 16% 47% 47% 46 3 4 47% 29% 30% X261/2 27% 76 *68 74 15% 30% 35% 30% ♦71 76 36 35% 107 108 *106 47% 30% 47% 30% *71 16 47 15% *46% *71 76 107% 107 96% 96% 23% 23% 23% 96% 97'% 23% 97Va 23 x23 67 66 66 114 114 114 28 *7%' *24% 7% 7% *14% 15 15 46 3/4 47 2,700 Atlantic 28 Va 1,900 353/8 33% 353-8 5% 3,300 4% 23 3,300 65 290 114 150 26% *24% 26% 243/a 6% *14% 6% 7'A 14% 6% 15 100 24% 14% 18% 19 18% 19 18 3/, 16% 15% 16 15% 800 200 Conv 19% 18% 19 16% 16% *16% 17 5% 5% 5% 5% x5 Va 5% 5 5% 5 40% 40% 40% 40% 40% 403/8 *40 40% 40 40 14% 14% 143% 14% 14% 14% *14% 143/i 14% 14% 5% ' Automatic 14,100 70O Avco 18% Dec 12 Oct 112% Feb 36% May 30 Aug 17 20% Feb Nov 25 Nov 28 132% Feb 124% Dec 153 May 134 125 Dec 148 May 121 May 125 Jun 17 Feb Nov Sep 2 78 Feb 10 32% Jun 100 Oct 13 Oct Sep 2814 Nov 13 2 Oct 1014 May 19 18% Feb 15 No par RR 4014 May 17 59 Feb 13 45 2314 Jun 34% Feb 15 26% Dec 49% May 68 Dec 94 8 31 Nov 22 105 Nov common—1 62 4 Jan 22 3114 Apr 15 105 Nov 28 100 95% Nov 13 21% May 19 No par —100 57 Apr 18 112% Nov 19 No par 2214 Mar 11 No par 5% May 16 No par 77 Mar 29 39% July 113% Sep 105 Aug 73 22% Oct July 28 X53% NOV july 9 114 NOV 30 25 Sep 27% Jan 83 Jun May 51% May 130% Jun 34% Apr 8 26% July 24 121 29% May 97% 135 Jan Jun ^0% Aug ($1.20) 25% Canteen Co of 10% Nov 18% Feb 18 16% Sep 23% July 18% Nov 24 29% Jan 29 18 Nov 37% 5 Amer 10 13% May 19 5c common Co__ 1514 Nov 28 27% Jan 27 15% Oct 4% May 19 7% Feb 8 6% Nov 32% Aug 14% Feb 41 Oct 83% 38% Corp (The» common—3 conv preferred No par Mfg $2.25 May Nov Jan Corp prior pfd 1,700 16 19% July 65 34 preferred-— Nichols Austin Jan 17% Feb 5 conv Autocar 19 139 Sep 99 series B, $3.75 Tack Atlas 22 19 102 18% May Sep 112 Atlas Powder common 4%'"' Feb Sep May 28 Corp 1,900 19 16 . conv Atlas 110 42 % May 19 I SS Lines Preferred 64% 7% Atlantic 290 450 24 10 % 112 66 100 25 preference series A__100 97 Jan 100 preferred Refining common 96 3/4 23 Line Coast 23 96% 10 non-cum 105 105 97 3 8 21 24 55 Highest I per share 10 Atl G & W 70 15% Oct 130% Jan 10 100 Inc F 27% *67 ♦1123/a 15 T f per share Fe com__100 preferred 2,300 103 100 8 Lowest Co- Investment common 5% A 100 100 Topeka & Santa 16 3/a 15% 107% 65 New Atch 700 651% 15 - 7,800 101 113% *7 7% 15 101 113% *24% 26% 35% 107 833/4 81% 23 66 *114 *23% 84 101 % 115y2 66 *112% 82% 36% 35% 36% 107 96% *66 285/s *100% 85% 100% 29'% 29 29% 5 preferred.: preferred- Associates 29 29 % 29 % 103'/a Sep 38V4 Jun 96 Nov 14 Sep 1014 May 14 May No par common-.--1 Goods Dry 1st ♦102 S per share 9% May 19 No par No par No par Corp Constable 14% Highest $ per share 5 com Armstrong 15 14% *14 14 1/4 Illinois of preferred Cork Co com preferred $6 conv prior 210 *14% Co & Armour Year 1946 Lowest Par 700 109 109 46'% *14% Range Since January 1 EXCHANGE Shares $ per share $ per thare Range for Previous STOCK NEW YORK Sales for the Week 48% 109 % RECORD STOCKS Friday Nov. 28 Thursday f per share 13% 109% YORK PRICES Nov. 26 I per share 14% SALE Wednesday Tuesday Monday Nov. 22 AND 12% Feb Jun Jan Feb May 16 49 Feb 13% May 27 14% Nov 6 16 May 24% Feb 17% Nov 16% Feb 11 Oct 30% Jan 100 7% May 17 11% May 17 25 % Feb 18% Oct 47 % Jan common—50 9% May 19 16% Feb 12% Oct 30 88 % 39 8 B 15% 15% 15% 15S/a 153% 15% 15% 15% 15% 155/8 11% 11% 11 11% 11 11% 10% 11 Vs 103/4 11 16% 17 16% 16% 16% 16% 16 % 16% 163/a 16% *13% 14 13% 13% *13% 14 13% 1334 *13% 64 64 65 64% 65 65 47% 47% 47% *46 24% 24% *23% 50 Va *50 51 % 32 32% 25'% *50 503/e 325/8 *50 32% 32% 300 T) Baltimore & Bangor Conv. Aroostook 23% 64% 80 45% 45 Va 400 Barber Asphalt Corp 2334 24 24 2,400 Barker Brothers 50 50 313/4 32% 4,800 64% 20 5% 414% preferred Oil 12% 12% 12% 12% 12% 12% 12'/4 1,100 Bath 24% 24% *23% 2334 233/8 23 3/4 1,300 41% *41 % 42% *41% 41% 42% 93 20% *19% 100 30% 34% 34% 16% *30% 16% 14% *16'% 14 14% •22% 35 23% *98 *223% *98 100 99% 8 8 8% 30 413/8 41% *41% 42 91% *91% 93% *92 93% 40 20 91% 20 *98 100 *8 93 20 *91% *19% 20 19 Va 200 *98% 99 99% 73% 7% 16% *16'/a 17 16% 16'/a 300 14 % 16% 13% *22% xl2% 13 12% 13 223-4 22% 22% 23 % 100 *98 Aircraft Creek 2234 100 *98 *98 Packing Belding-Heminway Bell Aircraft .200 Bell & Howell 100 4%% 25 323/a 31% 31% 31% 31% 4,400 23% 25% 24% 24% 24 24% 15,200 *24% 25 *24% 24% 24% 25 5 24 % 243i 24% 24'A 1,000 *84 88% *84 89 *26% 27 99% 140'% 99'% 99% 140'% 30 99% *138 61% 88 Va 25% 25 25% 2,400 Bfest & 29 % 28% 29% 4,500 Best 145/a 14% 99% 100% 98 99 7,200 Bethlehem Steel 140 139 139 138% 61% 61 % 61 Va 143'4 / 14% *14% 14% 139% *61 400 61% 200 14 5/8 14% 900 7% Dec 39% Feb Oct 24% Nov Jan 2 110'/2 Jan 31 62 98 Nov 17 108 % Feb 46% Sep 15 5% May 27 30 30% Jun Nov 21 6 12% May 16 12 Jan 2 40 Feb 17 18% Oct 14 18% Jan « 24% Nov 10 19 1 May 17 99% Nov Nov 118% July 104 / Feb 110 11 Nov 15% NOV 35% Jan 16% Oct 37 Apr Dec 112 Jan 58 Jan 102 39% Feb 7 28% Oct 25% Nov 12 28% Jan 7 24% Sep Dec 92 Oct 28 103% Feb 17 963A 25 Nov 28 35% Jan 21 29% NOV 1 19% Apr 19 32% Oct 29 22 com—No par 76% May 19 101% Nov 3 136% May 19 par 46% May 20 14 % May 19 ■. preferred No Bigelow-Sanford Carpet Electric Co No par Birmingham May Oct 9 17% Sep No par Apr 2~8% 15 21 % May 20 28 33%c Mar 30% 39% Mar 31 lUbJ/4 Aug 10% May 21 16% May 19 10 Co (Del) May 111 100 ser 73 7 of 1946-No par Foods *61 61% 15 18% 21% 1 *84 25 5/8 29% *84 8 24 20% Aug 5 *Cum pfd $3.25 88% 26 V8 28% ) 29 99 199% *138 140 61% *143/a / V. 88 % 26 263/8 28% 19% Feb 24% Nov 18 12 Aviation *84 26% . ' 15 May 15 — Bendix Home App Inc com Beneficial Indus Loan com 30% May 31 19 100 32 237/a 30'/a 57 Sep Sep 1 preferred 32% 23% 8 Oct 21 Nov 1 32% Bendix 48% 5 18 No par 23% Jun 9 Jun 10 32% 32 41% 34 % Nov 90 Co *23% 64% Aug Dec 54 % Jan 100 common Apr 27 40'4 Nov Corp Co Sep 25% 1218 Nov 25 50 Beech-Nut Jun 66 28% July 28 100 preferred Corp May 36% Feb 55% Jan 2.50 common pfd RR 3,300 Feb 69 Jan 18 1 Inc Beck Shoe 4%% May 19 20% Apr No par Co Mills, Beech 1,400 Corp conv cum Beech 34% 34 31 Foods 3%% Beaunit 30 34% x34 100 20 34 35% *30 Beatrice 2,200 33% 31 14% 73/4 73/4 *30% *30 23% 99 *98 734 200 31 31 17 7% 19% Works Iron 13 50 5 Bayuk Cigars Inc Jan 4514 Nov 28 18 50 Co 24/a 60 10 preferred Barnsdall 12% *20 *98 100 (Delaware)_ 10 common 24% *91 % 13 100 common preferred 4% 24% 24 Works Ohio & 13 *12% 1 Inc locomotive .baiawin 325/8 *46 24% 4,200 (B 51% 32 *24% 64% 47 14 6,500 10,800 Babbitt 4634 *50 32% 65 *46% Day 500 150 Jan 66 Feb 23 27 Feb 52% May 31% July Nov 114% July 143 Deo 168 63 "Nov 85% Mar 3 16% Jan 36% May 112% Aug 83% Apr ./ r A LOW AND HIGH SALE PRICES Satarday Monday Tuesday Wednesday Nov. 22 Nov. 21 Nov,.25 Nov. 26 t per share I per share t per share 29% 1 per there NEtV YORK Sales for Nov. 28 Nov. 27 $ per there Range for Previous STOCKS Friday Thartday the Week t per thare Lowest 29 29 16% 15% 16 15% 15% 15% 15% 15 15% 2,100 Blaw-Knox 34 343A 33 34 325/a 34'A 32% 33 32 32% 6,100 Bliss 'E 18 17% 17 3/4 *17% 17% 17% 17% 700 Bliss & 293A 293/4 *29 29% 18% *17 3/4 *34% 36% 34% 34% 34 34 *34 20% 20% 20% 21 20% 21 21 *173/4 31% 31% 31% 97 *95 *95 52 29% *29 36 *34 21% 31 31'/a 30% 30% Thanksgiving 97 97 97 97% 97% Day 52% *51% *51 36 21 32 53 30 21% 30% 30% X94% 52 95 300 40 7,400 2,300 40 Black & Decker Mfg Co Co Co W) Bohn Bon Co 51% 51% 27% 27% 27 27 27 % 27% 27 Va 27% 263/4 27 1,300 Bond *433/8 43% 43% 43% 43% 43% 43% 44 44 44 2,400 Borden 52% 52% 52% 52% 52% 52% 52% 53 52 3A 53% 2,200 Borg-Warner *94% 95% 95% 95'/a 96 96 97'/a 200 *94% 96 3% *35/8 37% *36 *8% 8% 8'/a 90 *86 33A *3% *36 *85 *35/8 38 35 8% 8% *70 90 *95 3% 3% 35/8 100 Boston & 3434 34% 34% 1,000 Bower Roller 8'A 8% 85,8 8% 83/a 3,800 Braniff 90 89 *70 12 10% 11% 9% 10% 33% 33 33% 33% 33% 31% 31% 313/8 315/a 31% 32 29% 29% 32% 33 *100'/a 102 *17'A ♦31 32 17'A 17% *98% 102 *223/4 23% 20% *31 *98% 20'A *122 124 *22% 20 *122 *29% r-i O O 30 32 102 *100 17 17% 31% 31 31 *30% 102 *98 "2 102 22 *98% 102 16% 23% 22% 22 34 X21% 20% 20 203,a 20% 124 *122 124 29 1,100 .tuufces 33% 2,600 17% 2,000 31% 30% 30% 400 20 3 *99% 102 21 21 19% a 20% *122 & Shoe Brown Budd 7% 11% 11 llVs 11 11% 10% 11 Va 9,100 72% 72 72 71% 72 71% 71 % 340 35 3A 3534 35% 35% 35% 353,4 35 "2 35% *35% 36 800 Buffalo 91% 90 Va 90% 90 90 Va *90 Va 91% *90% 93 300 Buff Niag 20 20 19 3 32% 32% 32% 19% 20 Ve 323A 323 4 32% 32% 20 Va 20 Va 20 % 20'A *93'A 95 Va 94 *93% 95 *94 95 94 95 130 *85% 88 *85% 88 *85% 88 *85% 87 % 85% 85% 300 *85 88 *85 88 *85 88 *85 88 *15% 94 14% 15 % 15% 14% 8% 8 Va 8 3/8 8% 8% 15 8% 88 84 88 88 *12 12'A 12 12% 12 12% *92 93 93 93% 93 93 *84 *3% 3'/a 3% 3% 20% 20'A 20 Va 20'A *101% 103 *25% 25% 25% 32% 103 32% 32 3A *52'/a 53 *52% 20 103 103 25% 25% 32% 32% *52% 53 2 2% 2 2% *2 3% 88 3% 20% 103 25% 323^ 53 2 7% 7% 7% 7% 30% 30% *293/, 30% 15% 14% 15 15% 15 % *116 7% 303/4 7% *30 117 116 *115 116 15 116% 19% 143i 8 % 86 12 *92% 3'A 1934 193/4 19% 800 33 32% 333/8 1,800 19% 19% *85 15 12 93 103 32% *52% 2 7% 29 14% 115 60 3% 300 19% 20 *102 3,100 *3'A 19% 1,400 102 25% 102 25 s/a 25% 120 500 113% *40 % *18% 10 3/4 10% 10% 10% 10% 10% 10% 10% 34% 35 4,100 3,300 19% 10% ♦For footnotes see page ; *34% 99 Dec 3% May 19 32 8 15 85 9% 30 23'/a 30% 101 16% 2.50 100 35 13 56 41% 34% 13 '*55% M h-* CO -W 36 *13 *55% , 24. .■I. K.'l l'l 13% '■J 56 290 100 1 1,200 200 35% Dec Dec 34% Jan 95 Jan 3 72 Jan 18% Feb 27 13% Sep 20% Feb 11 30 % Oct 53 % Jan 31% Feb 10 23 Oct 42% Jun May Apr 3 105 Nov 5 25 Oct 38% 36 % Jan 7 31% Sep 45% May 106 % Apr 30 Oct 110% Mar 103 Apr 20% Or* 38% 14 Sep 25% May Sep 30 120 Jan Jan 2 May 19 124 130 Apr Feb 14% Feb 7 9% Oct 22% Jun 86 % Feb 18 70% Oct 99 Jun Nov 28 May 20 Nov 17 May 19 7 25% Oct 45% Feb 102 % Apr 11 96% Dec 108% Mar 23% Feb 18 18% Nov 46% May 14 38 % Feb 10 33 Nov 59% May May 19 Nov 24 22% Feb 17 16% Oct 26% July 104% Feb 15 953/4 Dec 111 Mar 12 84% Dec 97 Dec 119% May 102% Aug 13 Nov 377a Nov 21% 12% 113% 4IV2 25 No par ' .u 11 50 6 16% Oct 23 8 Jan 22 May 19 24% Feb 7 19 17 19 22 108% Jan 4 Jun May 19 May May Nov Nov 19 13 28 25 187/s Sep 29 9% May 17 327/8 Nov 13 No par 95% Jan 9% Feb 24% Apr 28 51% Nov 28 2 May 14 6% May 19 5 10 70 115 2 28% Feb 63 3 19 1 Ltd Jan Jan 109% Apr 20 Nov May 13% May 94% May 50 *Ry__ 35% Dec 27% Feb 72 13% 91% 3% No par 100 No par Copper Jan 40 % Feb 96 6 Capital Admin class A common—1 preferred A 11% Dec 12 88 No par 1.66% $4.25 preferred —No par Canada Southern Ry Co _100 $3 Sep 30% 100 10 Zinc-Lead Mills 43A 1 94 California Packing common..No par Cannon 3 21 6'/a Feb 20% Nov 14 100 5 preferred Apr Jun 13% Feb 80 May 19 84 Jun 4 12% May 19 6 May 19 No par common preferred Copper &Zinc Byers Co (A M) common Participating preferred Byron Jackson Co 57% 61% 107% Aug 26 preferred—100 Bldg 7% Canadian .Pacific Nov 21 Jan Apr 69% July 48% May 71% 25% 90 14% 1 Canadian Breweries 14,000 11 Mar 10 120 9 100 4%% 5% 10 26 17 19 20 21 17 35 73% 112 39% Feb 100 Butte Callahan 8 Nov Feb 18% Aug 66% May 13% May 19 No par Terminal Bros Sep Oct Nov May May Nov Nov Nov 20% Sep 5 — May 20 25% Jun 15 preferred Calumet & Hecla Cons 19% 13% 10 Campbell W & C Fdy Can Dry Ginger Ale com 41% 56 Sep 100 1.100 11578 *13 102 5 common 3,000 41% *55% Nov 100 preferred 7% 143/4 *18% 13% Corp 2nd 28 3 4 14% 19% 56 Sep 36 5 7% 15 41% 34 conv Term Butler 42% 15 Inc Co 28% 7% 29 % 41% 13% Watch Burlington Mills 4% preferred Bush 27% 9 Oct No par Co 3%% 3%% 7 55 El Corp $3.60 pfd- —100 140 *1G'% 34 Bulova 35 % Feb 49% Jan No par 1 Co Forge 4,100 19% *55% common preferred Bullard May 19 100 Co 2% 43% 14 (The) Dec 38% May 21 25 No par 32 42% 34 $5 Nov 37% May 19 94 Nov 5 1 common 52% 2 *19% 56 Co 32 19% *55'A Oct No par 51% 2 44 *123/4 52 common 32% *19 *333/4 Inc Co 53 *43% 10% 9 No par Burroughs Adding Mach 113A Jan 34 5 Gas Bush *92'/a 3% 67 100 3,500 150 12 Sep No par 4,000 93 101 No par 8 3/4 86 8 No par 14% 83/a 86 7,300 88 14% 8% 86 20 25% 19% Jan preferred 11 Va 72 20 116 2.50 Bruns-Balke-Collender 72'A 20% Oct x94% Nov 28 50% Nov 18 (assented )_ 100 preferred 11% 20 Va 42 common Union 11% 4 Co Bucyrus-Erie 20 29'% Nov 17 11 15 atraitfon Brooklyn 72% *90 18 Feb preferred 5,100 124 15 5 Manufacturing $3.60 900 24% Oct 69 No par RR 3%% Sep 41% July 23 Brass A Bridgeport Brasjs Co Briggs 18 6 14 May 17 28% May 9 14% May 19 (Bearing Co Bristol-Myers 163A 124 *122 1,700 17 14 America 14,600 102 16 2.50 Corpxif Brewing 10 33 32% Oct Inc 32% *100 33% Jun No par Airwalys *285/8 32% ■ 30% Oct common Maine 9% msm- 102 173/8 89 *70 11% 33% Oct 18% Dorp common preferred cum *3% 12 33 S/8 3% % May 15% 20 No par Inc 46 10 35% Nov (The) Co Nov 36 Jan X20% Feb 18% May 19 B Stores 34% 33% 102 Class 3% 12 33 70 35% 333A ♦100% 52 *50 31 Highest S per share 25 May 21 12% May 19 5 & class I per share share 1 Co Aluminum Ami share No par No par common Laughlin Inc Bloomingdale Brothers Boeing Airplane $ per Lowest Highest $ per Par Sharet *16 Year 1946 Range Since January 1 STOCK EXCHANGE Apr 14 May 26 21% Jun Nov 15% Oct 98 20% Nov 39% May 6 3A 105 Sep 110 Feb 10 Oct 9% 23 15 Oct 35% Jan 3 99 Oct J7% Oct 6 19% Nov 40 104 Mar 75 22% Oct 6 Jun 4% Jan May May Jan Feb 112% July May 32% Nov 19 27% Apr 29 8 53 Deo Oct 47% Jan 58 3 Sep 7% Apr Feb X55 3% Feb 7 6% Oct 12% 34% Oct 22 20% Oct 40% May 17% Feb 10 12"% Nov 18 July Nov 147 May 8% Feb Jan 10 18 113 48% Feb 43 Oct 58 Jan 25% Feb 20 24 Deo 25% Deo 15% Feb 13 11% Oct 22% Feb Nov 28 12% Oct 21% May Oct 59% May 132 36 Feb 14% Feb 1 57% Feb 18 50 Volume 166 Number 4651 COMMERCIAL THE NEW LOW AND SALE HIGH Saturday Monday Nov. 21 Nov. 25 t per 30 % "40 $ 104 "102 share 102 30% 41 per share S 101% 102 30% per 102% 102 the Week t per share 102 29% 104 30% 30 30% 40% 40% *40 18% 18 18% 18 18% 42 43 44 43 43 18% "42 % 43% 42 *7% 7% "7% 7% 45% 45% 44% 45% "136% 7% 7% 44 30 138'% 160 139 140% 56% 56 % 56% 56% 57 56% 56% 25% 25% 25 Va 25% 25'/a 25% *104y8 104'/a 104 104 104 104 136 135 Va 135% 135 135% 28 27% 27% 27 27% 18 Va 18% 18 Va ♦18% 9% 9% 9% 9% 9 8 , 8% 8 8Va 8 Va *104 110 110 . *81 % 83% ♦13% *109% *81'/a 8" *7% . *7% 13% 13% 110 *108 400 280 27 27% 2,1C0 20 Va 20 Va 500 18% ,18'/a 8% 8% 1,400 8% 7% 8 4,600 107 107 110 108 * 105 *81 % 83 Va *81% 83% 7% *7% 7% *7% 7% 13'/a 13 Va 1,100 8% '■ 83% *7 8 15,100 103 Va 134% 18% 18% 110 ♦81% 83 Va 26% 25% 103% 20% x8% 8 1,200 134 Va ' BVa 56 27 % 20 % 9% 55% 136 26% 18% 138 104 Va 134 20% Preferred Case 25% *20Va 300 2,000 25 Va 20% 43% 1,300 140 *20V# 2,100 7% *139% 18 Va Power 17% , 13 Va 13% 10 *9% 10% 25% 25 % 26 7,200 Cerro 18 18 17% 17% 17% 17% 17% 17% 17'/a 17% 2,900 Certain-tecd 28 % 29 22% 22% 22% 29 22% 22% *28 22% *104% 106 *104% 11% 12 12'/a 12% 30 *28 Va 29% 29% 43% 44% 91 91 43% *90'/a 43 Va 43% 91 *90 Va 106 12'/a 4% 4% 4% 4% 4% 4 8% 8% 8 8% 7% 9 * 9Va 8% 9 V8 8% 5 Va 5'/a 5% *10'/a 11 6 *5 *10% 6 6 *3% 3% 7% 12% *29 400 1,600 104% 29% 30 13 % 13 30 43% 2,700 200 43% 5.600 91 4 % Thanksgiving 29 Va 43% 91 90 Va 44 *90% % 22 104% 4 4Va 8 7% 7% 7% 7% 8% 8% 8% 8% 10,000 5 % 5 Va 5Va 5 Va 5% 600 10% 10% 10% 10% 9% 10% 5% 5 Va 5% 5% 5% 1,800 3% *3% 3% 3 Va 3 '/a Va 1,400 5r!o Class 7% 9,500 Chic 29'% 6.800 14 % 8,000 33% 34% 33% 34'/a 33% 33% 33% 34% 34 34 Va 4,100 32% 33 % 32% 32% 32% 33 32% 33'/a 31% 32% 3,100 *11 % 12 11% 11% *11% 12 *17% 17% *17% 17% 4% 4 Va 4% 4% *34% 62% 61% *34% 62 24 Va *103 24% 23 *103% 24 *23% 41 Va 41% 32% 32% *9'/a 83 32% *16 '/8 16% 33 Va 33'/a 62% 23% 103 % 24 7,700 105 *23 23% 200 39% 40'/a 40 40 Va 5,100 32 Va 32 Va 32% 32 Va 32% *9% 9 % 9% 84 84 16Va 16 16% *31 *31 Va 15% 31'A 1,300 ^l'/a *31 400 *165 189 *165 189 *165 189 *165 189 *165 189 *90 100 "90 100 *90 100 *90 100 *90 100 36 37 38% *109% *33 38% 37% 38 % 109% 109% 109% 34 *106% 33% 37 *109% 33% 37% 109% 33 Va 109% 33% 108 *107 *74 78 *74 78 74 *45 47 *45 47 *45 x32 % 16 '/a 16% 16'/a 108 % 16 Va *107 16% 109% 32% 8,500 109 Va 100 31% 1,700 31% *106 108 74 74 74 47 45 45 16 Va 16% 16 Va 16% 4,700 108% 16 *106 *74 76 *45 s 108 47 80 *36% * 37 36 Va 36% 36% 36% 36 36 35 35% 900 *37% 37% 37% 37% 37% 37% 37% 37% 37% 37% 2,500 140% 142% *140% 142% *140% 142 Va *140% 142% *140% 142% AND LOW Saturday Monday Nov. 22 I per share *185 188 62 Va *95% per 185 62% *1300 45% 1 45% SALE share S Nov. 26 per *183% 63 63 $ per share 187% xl83 63 x62 *1300 __ 95 95 % 95 95 96 26% 26% 26Va 25% 26 % 19% 20% 15% 16 18% 18 Va 18 % 17% 18 11 320 96 25% 16 % *12 13 12% 12 43 44 % 4,600 120 1,700 19% 19 Va *19% 19% 700 xl5 Va 15% 15% 15% 4,100 *17% 18% 18 18 Va 1,200 12 12 12 60 12 130 12% * 12 *12 12% *12% 11 % 12 % *11% *10% 10% 10% 10% 10% 11 10% 11 23% 23% 23% 23 % 22% 23 % 22 % 22% 22% 22% 1.900 23% 23% 22 % 22% *21% 23 % 22% 22% 21% 21% 700 11% 12 Va 12 12 '/a 11% 12 35 12 "a 36 12 % 11% 36 13% *75 *38% 35% 39 38 38% 42% 42 42% 96% 95 Va 95% 23 23 % 2Va 42 % 42 96% 96 23% % 23 % 3 108 36% 14% 78 38 % 39 % 2% 36 % 13% 78 42% 23% 36 14 *75 96% *107 36 % 78% 13% 13% 76% 12 Va 2% 107 23% 2% 107 Va * 2% 13Va 26 % 25 % 26 % 25 % 11% 11% 11% 11% 32% 32% 33 Va 32% 32% *31% 32% *31% 5% 5% 5% 5% Day 350 31 31 30 30 Va 30% 5% 5% 18% 18 400 22 22 14% 14% 200 32% 32% 1,200 108% 108% 108% 109 % 42% 42% 42 42 99 96 96 96 96 13% 13% 13% 13% 13% 600 97 95% 95% 200 31% 18,800 *96 97 97 33% ♦99% 11% *52% *94 33% 13% 97% 13% *94 32% 53 99 *98 11% 11% 33% 4 99 100% 12 *11% 52% 53 31% 52% 97% *94 32% 31% 100% *98 32 30% 100 *98 11% 11% 11% 53 52% 53% 8% 8% 11% 8% 48% 48% X47 48% *16% 16% 46% 16% 16% xl57/a 15 Va 26 16% 25% 16% ♦25% 26 23 Va 26% 26% 26% *15% 25% *53 55 48 HI 48 *47 ♦13% 14% *13% 14 *13% 14 *55% 55% 55% *53 14 *For 13% footnotes see " ;r~r""r" ,r" T.—1 *53 55 13% 55% page .24. 13% 55% 8 Va 54% *53 13% *13 13% *46% 48 *13% 14 * *46% 13% 55% -.55% 8% 47% 16 , U3 48 56% 55% , 54 *53 - au is. -v V y-i 100 11% 8% 48% 13% ♦47 70 53% 8% 48% 8% 140 1,000 100 53 -twite 8% 8% 1,600 ^ 48% 48 1140 May 21 Nov 17 25 % Nov 25 100 18 12 & 26 ,;fp. 600 2,300 - 6.500 Feb 10 Aug 25 22% Oct 18 Oct 22 ' 13% 100 56 260 63% 10% Oct 23% 15% Oct 24% Feb 4 12% Nov 41 Jan 9% May 15 17V4 Feb 16Vb Feb 11 13 Sep 39 Jan Oct 38 32% Jan 21 23 Oct 47 Jan Nov 47 Jan Sep 14 Jan 8 May 20 4 12% 30% May 28 13% Nov 21 39% Aug 6 22 Va Feb 7 70 10 common 100 Apr 86 Mar 21 78% Deo 38 Nov 25 50 Feb 13 36% 36 May 19 48 Va Oct 23 36 Va 3 103% 20 115 Va Feb 20 Vs May 19 2 V4 May 19 26% July 4 7 Jan 2 19 106% Apr Oct 50% Aug Oct 59% Jun Dec 123 Nov 2% 111 Jan 48 Apr 36% May Dec 29 No par July 32% May 5% Jan Jan 123% Jan 29 Co 25 28 33% Jan 2 29% Sep Sep 36 Va Jun Publishing Inc No par 8V2 May 16 14% Jan 2 12 Va Nov 18 Va Sep No par 23 % May 19 33% Nov 20 24% Nov No par 30 Apr 14 4% May 19 35 Va Feb 33 Oct 40% May 65 Va May Edison Coppermfnes Edison of ; N Y Corp 5 No par com preferred No par Grocers Vultee Consol RR of Cuba Consolidated 32% Nov 20 Sep com_.No par No par Jan 10 17 % Feb No par w__No par Jun 20 % Feb 8 8% w Aug May 14 16 Vo May 19 14 common__No par 110 23 May 17 60% July Dec Oct 10 Consolidated 6% Nov 28 25 Va Nov 21 Nov 7 5% Oct Feb 10% Feb 7 29% Feb 3 24% Oct 108 V* Mar 26 18 104 Va Nov 18 105% Sep 109% 11% May 21 20% Feb 13 15Va Feb 10 17% Sep 13% Nov 23% 54 Va Jan 2 42% Jan 60 17% Mar 30 Jan 8 14% Nov 33% 1 Jan 25% July Apr May Jan 6 16% Sep 47 Jan 1 12 Va May 19 19% Feb 7 17 Nov 32 Aug No par 31 Va Nov 18 38% Feb 3 114% Feb 6 till Dec 100 Inc com preferred 10% July 30 Feb Feb 36 11 Apr 29 40% May 19 17 May 19 .No par 108% Nov 24 Container Corp of America com__2o 4% cumulative preferred 100 32% May 19 Continental Baking Co com__No par $5.50 preferred No 13 Va May 27 par 20 95 Continental Can Inc $3.75 preferred No par 99 common Continental Diamond-Fibre Continental Insurance.— Continental Motors— Oil 11 132 5 15 pfd Retail Stores 103 1.33 Va Corp Aircraft Consumers Power Co Continental 1,400 Feb Feb 69% May 37 12% Oct of Delaware 96 9 10 44 1 5 Steel Corp 14 Cooper-Bessemer Corp com__No par *3 prior preferred-—.——No par COpperWelfl Steel Co common..„_S Nov 48 Feb 24 104 % July 31 19 20% Feb 10 106 Va Apr 9 44% Feb Nov 13 30% Nov 28 ,.5 Continental 48 42% 200 X99 32% Jan Cigar 300 ; 2 46 18 Congoleum-Nairn Inc, 5,000 1,200 Jan 56 105% July 25 10 Co Highest $ per share Dec No par Electric Consolidated $4.50 61% 27% preferred series Consolidated May May 22 28 South 165 Oct 130 26 preferred Conde Nast $5 11 1155 May 19 94 6 65 % Jan 10 21% Nov Credit Commonwealth Consol 191V4 Nov May 19 33 preferred preferred Jf Frl 36% May 60% Jun Jan $ per share 22Va Nov & Apr Ju Year 1946 $ per share Sys Inc cl A_._2.50 Commercial Solvents $6 152% 106 Lowest $ per share 141 preferred___100 16,200 15 99 7 Feb 154 17 Highest x61% Jun Consolidated Laundries Corp Consolidated Natural Gas 33% 42% 13% Nov 39% Mar 12 48% Mar 6 Range Since January 1 5 Consolidated 12% 109 Va 24% Feb Range for Previous 2,900 12 *96 141 3 Lowest 2,100 11% 12% 14 Va 44% STOCK 51% *11% 221/4 98 62 19% Deo 24% Sep 39% Nov No par com 51 12 12 96 56% Feb 3 1 r 51% 22% *13% Jan 22 Feb 18 99% Jan 57 2,500 31 % 12% £ 101 16 1,500 22% *42% 25 Oct 1.100 11% h-» O 03 Nov 18,900 22% 43 108% Mar 45 15% May 19 32 May 21 37 Jun 10 11% 11% 109 Jun 74 50 No par 25% 23 42% Jan 106 Mar 103% 11% 42% 113% 109 25 Va 103 22 109% Sep 10 *11% 11% 42% Jan 109 38% May 10 11% 23% 108 % 108 22 May ,108% Mar Nov 25% 11 % *109 Jan 27'A Jun 105% 15 Feb 105 Apr 44 Va May 106 Nov *33 205 July 115% Feb 4 35% July 28 93 *22% 16 Sep 4 25 % 33 % Nov 107% Oct 2,700 18% 32% Dec 15 Va 9% Feb 114 27 103,800 1,200 *14% Sep Oct 88% 28 2% 3,600 15 27% Jan 23% 21,600 33 3 95 2% 5% 32% 68% 43% Jun 23 % 21% *14% Oct 28 2% 51% 36% Feb 26 23% *18% 38 % Jun Commercial *11% 18 Nov 35Va Nov 85 Columbus & Southern Ohio Elec__10 18% Deo 21 20% Feb 18 34% Nov 21 May 19 2,500 105% 15% 23 1,800 12 108 11% Feb 10 94 'Mar 6 28 12% May 19 96 21% 32% Jan *11% 51% 20 34% Nov May 19 41% 105% 32% 8 39 $3.60 Deo 30 Va 21% Sep 6 Feb 111 2.50 Commonw'th May 48 % Jan 30 25 No par 2nd Broad cum 53 Sep 29% Jan 24 96 21% *14% Nov 41% 410 36 178 Va 23 103% Nov 38 105% 51% 9 6% Dec 50 gtd B Pictures 21% *18% 1% Inc Carbon 105% *11% 11 18 7% Mar 1 42% Mar 17 66% Oct 21 17 84 1 stock 1st Columbia 21% 12 Feb 13 100 Inc Columbia 105 Vs 52 Sep No par 100 21% 51% 33 No par 1,500 104% *11% Co Aikman 13,400 21% 12 15% Feb 27% May 20 20 preferred 13 Va 104 Va 51% 56 13 56% Sep No par 78% 21% 51% Feb Jan 42 5% Jan 25 % July 15 Jan 104% 5% Jan 43 Va 25 % 95% 30 82% Oct 39% x30% Sep Sep 34% Deo 2% ' Sep 15% 28 com (The) non-cum $4.25 15% July Oct 14 Internat 35% 13% 33% Sep 3% 100 YORK non-rum Feb Oct 7 11% 14 Colo Fuel & Iron Corp com_.No par 5% cum conv preferred 20 Colorado & Southern common..100 4% Jan 21 Corp No par Colgate-Palmolive-Peet com__No par Class 17% 53% Feb 25 4% Nov 28 5 A Columbia Oct 5% 15 % Jan Par 47o July Jan 100 Mills Jan 14 Va Jan No par 4% Colonial 26 Va 59% 5 RR & Jan Oct 7% Nov Deo EXCHANGE $3.50 9% Jun 45 100 Peabody & Co Collins 18% 11% 37% May 19 Co gtd Co Oct 3t% No par Industries Class 66% "4% 8 2] '/a May 21 common Pitts Coca-Cola Oct 7 27% Feb 21 No par Molybdenum NEW 25% May 17% ivrar 48% July 23 *75 104 % *11% Cluett Apr 11% July 38% Jan 10 preferred Clinton 32 37% Graph Bronze Co. (The) & Oct Jan Oct Sep 8.50 com preferred Special 12% 114 Nov -5% preferred 109 Cleve Elec Illuminating com__No par Climax Jan 25% Sep 17 100 Equipment Cleve Jan 43 21% Nov 105 May 33% Nov 21 78% 21% 19 Va Elec Gas 104% 18% & Milling Machine Co preferred City Stores Clev - 20% Jan 16 51% May 19 11% Nov 24 10 5%% $4.50 Jan par No par I T Financial Corp Clark 102% July 23% Jan 76% 25 Columbia 21% 19% C 116 Sep 33 % Nov No par Oil 21,900 104% 18% 38% Feb 13% Nov 25 23 % 32% 5% 23% May 19 41 % 32% *32 14% Feb 100 No par 95 11% *32% 4 38% 25 Va 11% 7 30 6% Feb *75 Va 106 Va 106 26 36% 14 15% Feb 10% Jan 2.50 Gas Coca-Cola 26% 20% 12% 200 62 % 97 16 *10% 62% L250 25% * Oct 28 Jan 2 July 25 Feb 3 2% May 21 6% May 19 Shares 184 180 62% 44% 20 % 12% 183 44 16% 12 I per share 44 Va 16 % 11% I per share 44% 26% 30% 54% 102% 7% 3 4% May 19 Preferred Cincinnati the Week 97 97 Cincinnati Sales for Nov. 28 45% 20% *18% Friday 44% 26% Jan 30 Oct 20 27 Feb 10 110% Jan 23 20% Feb 13 8% May 19 Preferred Nov. 27 *1250 *20% 8% Jun Dec 89 31 STOCKS Thursday share 23 5 25 No par PRICES Wednesday Nov. 25 185 62% *1300 niGH Tuesday Nov, 24 110% 96% Apr 15 25 Chrysler Corp 5"/o 80 4 12% Jan Nov par ■% 35% Nov 26 107 23% par P vtc__No par CtC C & St Louis Ry Co 35 Va 109% & Cotton City Investing Co 15% Jan 20% May 19 19% May 21 103% Jun 4 10% May 10 City Ice & Fuel 120 Apr 13"% 25% July preferred 500 86 17% Sep 100 800 . 9Va 9 *83 16 Va 16 31% 9% 86 *83 Oct 9 51% Chile Copper Co 100 23% 31 Va 16'/a x31 23% *103 23% 40% *32% 9 % 24% 106 10 21,200 Jan 8% 2 24 Yellow Cab Chickasha 39 29 2 10% Jan 116 Feb Deo tChilds Co 24 40 86 23 % *103 Chicago 300 700 61% 60% Paul convertible 4% *36 Sep 14% Jan * 7% Nov 28 Jan Chicago Pneumat Tool com_.No $3 400 20 July Sep preferred 17% 4 % 36 61% 23 % *23% 33% 9 Va 36 62'/a 103% 2374 41% *83 36 61% 106 41 9%A 83 *34% 62% 24 Va 106 *23% 36 17 Milw St 5% 56% 4% 19 > 14% Series A preferred vtc Chicago & Northwest com 17% 22% Feb Jon 11 Co cl A 7% 11% 20 50 Louis Ry 14 4% 23 14 vi No par & 27% 11% Sep 21% Feb Sep 31% B 7% *17% Jun 23% 2 preferred Chic Ind 14% 4% 36 38% 9% Oct 21 8% Feb 1 28 % 17% Jan ; 12% Jan 29 7% 12% Jan 22% 19% May 19 20 July 17 18Va Jun 6 7% May 19 6% May 19 4% May 17 13% 4% 161 Va 5% May 19 27 Va *17% Oct 6 Apr 28 32% Feb 24 Jan 81% May 6 Class A 8 *11% 109'/a 138 22 156 26 Jan 183 Nov Jun 21% Jan Co 13% *55 18% Nov 104% Sep 27% Oct 108% Jan Nov 40 RR 28 56'/a 54% Nov Chicago Corp (The) 1 Chicago Great West RR Co com—50 111 East 7% *55 8 3% Apr 14 & 13% 55% Feb 64 153 5 No par Chic 27% *55 7 Feb 10% 55 Oct 31% Nov 35% Mar preferred 14% 56 158% Jan May 23 6% 8 41% Jun 10 90 Nov 19 convertible 28% *55 19 100 3%% 13% 56% 46% Nov Jan Jan Jan 60 11% May 19 1.25 27 Va *55 34% Nov Deo 34 16% Oct 27 14% Feb 18 Co 14 Va . 15 13 45 Oct 7% Feb Nov 1 28% 8 13% 12% Aug 21 9% Sep 25 22% Nov 15 Products 14% 7% 14 May 82 Nov 7 4% May 19 par 9.50 28% 8 21% Oct 137 No par Chesapeake Corp of Virginia Chesapeake & Ohio Ry common 300 Day 61% 17% May 19 103 % Nov 28 No par Copper Checker Cab Mfg 900 5% *3% 3% Va Belt 39% Sep Sep No par Pasco Champion Paper & Fib com_.No $4.50 preferred No 1,500 8% 5 Va 11 Chain 40) 4 Va 6 *3% 12 Va 12% 22 105 105 28 28 22 21% 29% 43% 91 *29 *104% 106 28% de Dec 39 134 100 Central Violeta Sugar Co Century Ribbon Mills 38% 7 49 % May 19 Corp pfd 3.40% ser_100 *9% *28% No par Jersey 9 2 60% Feb 138 1 Central Hudson G & E Corp—No parCentral 111 Lt 4%% preferred 100 25% * 100 preferred Central Aguirre Association—No Central Foundry Co 112 Jan 39% Jan 6 5% 10 100 1 25 128 $ per share 18 Nov 25 Highest t per share 29% May 19 50 Corp $ per share 12% May 19 35% May 19 No par 20 26% Year 1946 Lowest 29% Nov 26 _100 10 29% series tCentral RR of New 1,500 15 39 10 2nd preferred: Celotex Corp common. Cent NY Pi 13% 101 % Nov 5 7% 25% *28% 100 Celanese Corp of Amer com__No par $4.75 1st preferred No par 10% 13 Va 100 Caterpillar Tractor 26% 13% Ry General & $ per share Light Co & I) Co common Preferred 26% *10 Ohio (J 26% 11 & 4% 25% *10 1 Range Since January 1 Highest Lowest Carpenter Steel Co Carrier Corp common 43% 138% 20% Carolina 300 7% 138% 20% 2,800 43% 138% *27% Clinch 41 17% 44% 56% 136 Carolina Carriers 44 (2219) Range for Previous STOCK Par 330 7% 45 YORK EXCHANGE 30 *39% *42 NEW Shares 104'% 30 41 7% - ' RECORD Sales for Nov. 28 $ per share $ per share Friday Nov. 27 share •' STOCKS Thursday Nov. 26 41 "40 18% STOCK CHRONICLE PRICES Wednesday Tuesday Nov. 22 YORK & FINANCIAL 8 110% July 30 13% Feb 7 54% Feb 3 Nov 24 May 17 May 20. 6% May 19 35 Apr 14 50% Oct 23 14% May 19 19 12% Feb 8 Feb 19 12 Va Apr 43 14' May 16 - 12% Jun 27 64 Va 12% Feb 22 101 109 V# Jan 53% Sep 33% Sep 103% Apr July Jun 113% Mar Nov 8% Nov 18% Feb 46% Nov 63 Jan 10 24 Jan Oct . 33% Oct 15 Nov 49% May 123% May 27% Oct 23 53% N6v 21 17% Oct 6 65 Feb 5 13% Nov 30% Feb 46% Deo 56 Jan 12% Oct 23% Feb 50 60 *12% Not 12 Va May 17 20% Feb 13 Corn 52 61 20 35% Sep ■ Convertible pref 5% series—50 Cornell Dubilier Electric Corp—___! Exchange Bank & Tt Co 115% MM 46 Oct Acr 17 14 .. Jan 7 52 Oct 'Sep v Apr 27% Jan 67% Jan 16 NEW YORK Monday, -December 1,1947 CHRONICLE COMMERCIAL»& FINANCIAL THE (2220) RECORD STOCK Saturday Monday Nov. 24 Wednesday Tuesday Nov. 32 Nov. 25 I per share 22 % 22% 22% 22% 67»/2 21% 3 36'/4 5 V'a 5% 5 % 0% 0 78 5-/4 3 3% 3 3 3 3 36% *95% 100 *95 12% 12% Coty 3,900 Crane 36-A 99% International Corp Co 33/4% 100 12% 12'/a 123/8 12% 12% 2,100 Creameries 23% 23-/8 23% 23 23 1,200 Cream of 42 41 41 400 Crown Cork 100 *95 100 *23% 24 24 24% 23% *40% 42% 42 42 41 41% *40-/2 46% 45% 45% 45-/2 46-/4 45 453/4 1,000 $2 32% 32% 32-/2 323/4 32% 32% 3,000 Crown 33-/4 460 *44% *44-/2 46% 33% 33% *101% 102% 102 102 101% 101% 101% 102 102% 102 3/4 * . preferred of America Wheat Corp (The) 99% 12'/a *95'A 125 123-/4 124 122% 122% 121% 122 120 121 124V2 26'% 26% 26 26% 25-/2 26 24% 72-/4 72% *70 % 72 *69-/4 72 31 *29 *29 31% 33 *26-/2 27 *72-/2 73% *72 % 73% *30 31% *30 31% *16-/2 16% 14% 15% 17-/2 *25% 17% 26% 26% 9% 62-/4 16% *165 *91'/8 17% 18 26% 26% 61% 5% 5-4 5% 20% 20% 20% 61 61 28% 28% 28 % X27% 23-/2 24% 2i ?4% 233/4 800 9% 7,300 110 138 700 61 5 -/a 12,000 20 3% 203/a 137% 27 27% *26% 24 23-/2 23'/2 23 1,300 23'% 2,200 25% Oct 39% May 6 101% Deo 109% AUf 753/a Jan 195 6 8 58% May 7 Xl85% Aug 15 8% Jan Deo 7% Nov 9 75% Deo 210% Mar 143A Apr 4% Jan 4 4% Oct 7"% Jan 40-/2 Feb 13 31 Oct 49% Jun 101 Not 107 110% Aug Mar 5 16 Oct 10 30 Jan 9 28 Sep 35'A Jan 45% Oct 20 32 Oct 62 Jan 52% Mar 2^ 47 Dec 54% Feb 34% Oct 16 25 Oct lO03/8 Feb H 103 Sep Apr 1103,4 Feb 130% Oct 16 110 Sep 150 37% Feb U 29 Deo Jan 29 88% Deo 96 21% Jan 173/4 Sep 14-/a Nov 28 91 % Oct 30 Feb 46% Jan 28% 165 Jan Jan 95 Oct 106 Mar Oct 17 % Oct i8 Mar 12 101 Apr 54% 115-/2 July Jan 22 2 7 Jan 40% 160 343/4 Oct 21 165 16 % May 14 19% Feb 24 % Oct 29 63/a May 19 27% Nov 113-/8 Jan 16 56 Jun 6 4% May 20 1 No par 12% May 21 129 Feb 18 18 -/a May 17 1 100 5 19% Aug 26 90-/4 Nov 12 i43/4 May 20 24% July 3 No par No par 1 16% Nov 7 Cunningham Drug Stores Inc—2.50 Curtis Pub Co (The) com No par preferred Prior preferred Curtiss-Wr.ight common $7 Class A 7% Sons Inc Cushman's 27 19 5 2,500 137 *131 *131 27% 137 *131 28% 25% 5 20% 20 38 20% Cuneo Press Inc 60% 5 Ys 5 5% 20% 137 *131 137 *131 62 100 10 100 Cudahy Packing Co com new 4%% preferred 1,000 138 139 5 5'% 20% 139 2,000 17% 9% 93/4 9% 9% 143/8 94% 7 22 May 20 13"% May 19 165 Jan 7 100 preferred preferred 7% 25% 26 26 26% RR 6% Cuban-American Sugar common__l0 17 17-/2 143 141 62% *62 *17-/4 100 14% 95 *91'/8 17% No par *91% 143/a 14% 14% No par No par preferred 5% 180 *165 180 *165 5 Zellerbach Corp com 2nd preferred $4 Cuba 1,800 No par preferred Crucible Steel of Amer com 100 15% 15% 16-/4 94%, 9% 9% -31 * 16 16% 180 14% 15«/a 95 146 144 143 62% *17% 9% 9% 143 14% *91-/2 95 *88 *29 16% 180 *165 180 *165 16% 3,200 No par com $4.20 preferred 350 25% Seal & 323/a Feb 1053/4 Jun 26 26%. May 19 993/4 Nov 28 ll3/4 Nov 14 23 Nov 17 313/4Mayl9 45 Nov 28 25 Apr 29 100% Oct 24 105 % May 19 22% May 19 70% Nov 7 25 100 1 2 common 12% 100 12-/a 2,800 Nov t per share 105a/4 Feb 28 19 29 15 5 Jun 2% Aug 1 1 Coty Inc 2,900 35% 100 Preferred 60 3-/a *3 36% 36-/4 36% 35% 36'% 36-/4 2,400 Nov Nov Oct Sep 174 pfd 3%% ser of 1947—100 Corn Products Refining com .25 Cum 5 5 0% 3ys ,5'/a 66-/2 175 175 21 % 98% 100% 61% 5 100 Glass Works common preferred Corning 3-/2% 98% 66 67-/4 178 *176 5,500 98 *96-/2 98-% 66 % 67% 178% 21% 21% Highest t per share S per share $ per share Par 8hares f per share Year 1946 Lowest Lowest EXCHANGE the Week Nov. 28 Range Since January I Highest STOCK YORK NEW Sales for Friday *96-/2 98 *96'% 98% 67% S per share 213/4 *96-/2 98 178 178 share per 21% 21% *96% 68-/2 67'/a 178 S Thursday Nov. 27 Nov. 26 share *96% 98-/2 *96% 68 178% per 98 *96% 98% *97'/a » shark 99 *97 Va *178 t per PRICES SALE Range for Previous ; STOCKS HIGH AND LOW .100 pfd Cutler-Hammer Inc Nov Oct 146-% Feb 60 Sep 76% Apr 5% Oct 12% Mar R3^ Feb 6 20 % Nov 6 132 Jan 10 103 1 Nov 70 26 9 24 12-/4 Feb 146 17% 128 23 Apr 30% Feb 25% 1 Oct Oct 145 Feb Feb July Deo 45 May 98 V* 34% D 93-/2 *92 *20-/2 *22% 28 3/a *92-/2 20-/2 21 22-% 23 28% 94 93 *92% 94 *92% 21 *20-/2 21 20-/2 20-/2 300 23 22 '4 22 -4 900 273/4 26-/2 27 95 94 94 '/8 22-% 28 3/8 *22 3/4 223/4 28 22% 28-/4 93 *20 94 20-/2 28-/4 26 3 4 *94 95 *94 Dana 5,400 Corp Cum 50 common series A 33/4% pfd Davega Stores Corp N Y Davison Chemical Corp (The) 1 100 series A Preferred 3.75% *93'% 95 94 y2 *93% 94% 94 100 *93-/2 93-/2 Nov 20 13-/2 13-/2 13'/2 13-/2 13 13-/a 13 13-/4 13 13 '4 1,500 Dayton Rubber Co 50c 123/4 Sep 25 11% 11% II-/2 11% ll'/2 II-/2 11-/4 11% 11 11-4 3,500 Decca Records Inc 50c 11 40 40-/4 39-/8 40 39 1 33 443/4 44% 44% 45 44 44% 44-/2 No par 31 *32% 33 -/a *32% 33Ya 32% 32% *32-/4 *39 39% 14% *38% 22% 39 7% 7'/2 7% 12-/4 5,300 32'% 39 '/a 39-/8 7-/4 7-/4 7-/2 14% 143/4 143/4 153/4 15 153/8 39 39 39'% 393/8 22 22-/4 21% Thanksgiving Day Deep Rock Oil Corp Co & Deere 22-/8 38 4 393/s 1,000 7 "a 7-/8 3,200 *57 *12 *57 67 12-/4 12-/8 40 21-4 12 *16% 29 25% 17 16 Ya 16% 28 27% 273/4 26 *25-/4 Detroit-Michigan Stove Co 1,000 400 Detroit Steel Corp 400 De 1,400 *42-/4 433/4 42-/4 42-/2 41% 41% 41-/4 41-/4 41 41 600 *43-/2 44'A *43-/2 44-/2 43% 43-/2 42-/2 42-/2 42% 43 *19% 20 19 y4 193/a 19»/2 19 S/8 19-/4 19% 19 19-4 16% 16% I6-/2 163/4 X16 3/a 16 y2 16 Y2 165/8 16 Y2 17 *173/4 18-/4 *17% 18 3/a *173/4 18 17% 173/4 17% 17% *36-/2 38 x37'/2 37-/2 *36-/2 38 37 37 *54-/2 55-/2 *54-/2 55-/2 54-/2 54-/2 54'/a 55 % *55 *22-4 1,000 30,600 700 Co Vilbiss Raynolds class A Devoe & Match Diamond 600 Distill Dlvco Co 2 2 1 35 300 Class 500 Dr. No par Pepper *23'/2 24 23-/4 23-/2 23 23 37-/4 38-/4 37% 38 37% 38-/4 38 38-4 1,500 Doehler-Jarvis 18% 18-/2 18% 18% 18% 18% 18% 18 18% 4,300 Dome 47-/4 49-/4 48 49 Y+ 39% 39-/a 39% 393/4 *103% 104-/2 104 104 103 102% 1013/4 101% 100% 1013/4 20% 12% *86-/4 20% 21-4 *86-4 89-/2 13% 13% 14% *15>/4 15-/2 *143/4 186-/a 188 '/2 184 3/4 186 4,500 120 119% 120 600 *15 153/4 153/4 15% 153/4 186-/2 188 187-/2 1873/4 119 119 119 119 98% *98 3/4 983/4 112 113-/2 *112 15-/4 *15 *112 113-/2 *15 15-/4 AND Monday SALE Tuesday Nov. 33 Nov. 2 i Nov. 25 $ per I per share 15-/4 30 (new) Duplan Corp t per share No par 15 No par No par 50c 100 1 No par .; 63/4 May 19 253/4 May 19 21 Nov 28 45% May 27 36% 103 983/4 14 90 10% Sep 8 Nov 26 Nov 14 May 16 Nov 5 May 19 15% Nov 20 173 \ May 27 Nov 24 Nov 17 1103/e Sep 12 14-/a May 20 100 5 1st pfd Nov 26 119 97 No par Preferred $3.50 series DWG Cigar Corp Bales for Nov. 28 the Week $ per share $ per share Thursday NEW Deo 58% Jun 42% July 31% Deo 333A Oct Sep 50 Ya Jan 0% Oct 16% Jan Apr % 25 45-/4 Mar 0 10% Feb S 16% Nov 26 Oct 20 44 27% Mar 25 23 Oct 28 62% Oct 1 60 Oct 77 Feb 13% July 7 19% Dec 24 Aug 23 Jan 2 16% Deo 26% Oct 22 15% Oct 81% Feb 9 23% Sep 39% May 47 Jan 17 34% Oct 60% Apr 50 Jan 2B 42 Sep 50 Aug 24% Feb 13 16% Oct 34% Jan 14% NOV 18 5~2~ 30 2 19% Oct 15 40% Sep 553/4 Oct Feb 10 39% Ost 23 21% Jun 18 16% Deo Jan 7 63% Nov 76 Par Shares Mar 48 37% May Feb 29% 108% Mar 42% July 24 114% Feb 1U% Deo 14 118 Jun 104% Oct 22 22% Jan 80 68 Y4 Feb 19 61 Oct Feb 10 15 Oct 17% Nov 33% Jan 15% Oct 12 19 116 • Apr 41% May July 8 161 Oct 227 Jun 129 % Aug 4 124 Deo 133 July 107% Sep 3 115% Jun 9 3 112% Oct 116% 197 19% Mar 13% Sep Feb May 21 Range for Previons Year 1946 Lowest EXCHANGE Apr 62% Jun 48% Sep 25% NOV x23% Sep 34 July 30 28% NOV 18 % Jan 1 Highest t per share t per share Range Since January STOCK YORK Apr 22% 31 45% Oct STOCKS Fridav Nov. 27 Nov. 26 23 23 Preferred $4.50 series—____No par Duquesne Light 5% 34% not 17 20 28% May 19 16% May 14 (E I) & Co com—20 Du Pont de Nem 1,200 600 conv PRICES Wednesday share 99 100 common preferred International 33/4% 113 15 V* 15-/4 15-/4 HIGH Saturday 99 114-/2 *113 15-/4 15-4 113 99 98% 99 113-/2 ,15-/8 LOW *119-/2 common Industries Dunhill 20% 89-/2 *13% 119-/2 share 1,300 20 V* *86-/4 13-/8 Co series A $3.25 2nd preferred 8,500 20% 89'/2 188-/4 Chemical $4 preferred Dresser 13»/8 119-/2 I per 1,500 20 V* *15-/2 99 Dow *86-/4 188-/4 *97% Douglas Aircraft. 200 89-/a 13 13 12% 99 6,600 21% 21 21 89 ¥2 *86 103 7,000 9934 38% 103 102 48-/2 39% 105-% 47% 49% 48-/8 47% 39% 104% 102-/2 102-/2 393/8 39% 39% 46 3/a Oct 38% Feb 5 No par Corp Ltd Mines 16% nov 11 203/b Feb No par Co 24-/2 38 V* 49 No par A 18% 103% Car Co common Dixie Cup 390 23 25 Corp. 38-/4 *24 No par common Motor T 36-/a July Sep 29 59 Corp-Seagrams Ltd Diamond Sop 28 July 24 23-/2 Feb 11 101 % Aug 4 10% May 19 17-/2 Jan 3 16 Oct 29 20% May 14 35-/2 Apr 15 42% Nov 26 18 Jan 2 11% May 19 16 Oct 6 25 May 19 49 May 22 Co__100 1 I 5 12.50 partic preferred 6% 55'% 35 100 100 20 pfd Detroit Hillsdale & S W RR 17 *16% *26-/2 50 : 2534 25% *16% 26 for 27 *25-/4 16% 29-/4 *25 17 29-/2 ctfs Edison 6 May 34 West RR ctfs for com Escrow Detroit 12% 12-/8 25% 25-/2 16% 14,100 67 *57 65 12 12-/8 Lack & Western & Rio Grande Escrow 8,700 3,800 40 21 *57 67 12 Ys 16 -4 15% 16-/4 100 Hudson 31% May Aug 8 May 17 32% Nov 28 32% May 19 6% May 19 20 & Delaware 40 21-/4 common Preferred 400 Delaware 22 39% 39% 22% 29 25-/2 900 45 32'/2 Denver 67 *57 39 44% 32% 39 39 7% 7-/2 x38% 45 series B Preferred 3.75% 20 94 *93 39% *39 39 xjy 39 "2 9^% Nov 16% NOV 35% Jan 95 *93-/2 Deo 17 23 1013/4 July 29 *93-/2 94 Nov 91 % 29 243/4 Oct 16 Nov 28 94 18 26 23% Oct 26'/a Nov 28 7 Dayton Pwr & Light common 170 16% Jan 263/4 Sep 96 % Jun Lowest I per share Highest I per share E 23% x23 17% 17% 17 18 18 45% 45 23-/2 173/a 17 17". 17-/4 17% 45% *23 17 17-/2 17-/4 23-/2 173/8 17'/B 17-/4 45-/2 45% *22% 23 23% 45-/4 45-/8 *172 175 175 *172 54% 55 55 55-/2 55 Ya *19% 20 20 20-/a *193/4 *172 *95 96 16% *94 16% 16% 106 *105 *5% *105-/2 6 6 *94 96 16 3/8 16% 17-4 173/4 7,909 Eastern Airlines Inc 1 16% 17-4 2.40G Eastern Stainless Steel Corp 5 Day 4Cl/2 45% 6 700 Eaton 175 56 57 55% 56% 2,200 19% 19% 19% 19-/2 600 *95 96 16% 16-/2 16% 106 6% 178 -175 *95 16% Bros 100 4 Stores Inc common... \ 100 preferred 5 Ekco Products Co common- 100 1 4%% 5% 6 53/4 534 534 1,300 preferred Elastic Stop Nut Co 53 533/8 52% 52% 2,100 Electric Auto-Lite 13 13-/4 1234 12% 1,600 Electric 106 *105-/2 6 *105-/2 106 5 3/4 *54 V* 55 54-/4 53-/4 13 12% 13 13 13-/4 37 36-/4 2% *2'/8 2-/4 2 Ya 2-/8 17»/4 17% 17-/8 17 VB 16-/2 *34 36 V* 2% 36 106 *34 36 _ 156-/2 *156 156-/2 155 155% 145 *142 145 141 141 2% 2-/s 900 16-/4 *155 2-/4 16% 14% 15% 10,900 r 152-/2 140 Boat Convertible 100 *2-/8 ■ 17 *142 5 (The) —3 common—: preferred No par Elec & Mus Ind Amer shares Electric Power & Light com„No par 152-/2 150 150 1,400 $7 137 140 600 $6 No par —No par preferred. 140 preferred 54% 54 54% 54 54% 54% 54% 533/4 5334 1,100 16 16 16 16% *16 16% 16 16 16% I6Y2 600 Elgin National Watch Co 59% 59% 59% 59% 59% 59% *58% 593^, 59-% 59% 700 El 15-/4 15% 15% 15% 15% 16 15-/e 15% 3,000 Emerson Electric Mfg 18'% 19-/4 18% 19 19-/8 19% 18% 183/4 800 Emerson Radio 12-/2 12% 123/4 1234 1,200 33% 33% 33% 333/4 800 *54% *15 15% *18% 19% * *12% 13 12% 13 12% 12% *33 34 33% 34 33% 34 103 102 103 % 102 x 102 102 •102-/2 104 90 *103% 104% *2% 2% r2% 2% r2% 2 s/8 r2% 2% 2% 2% 4,600 8% 8% 8% 9% 9% 93/8 9% 9% 9% 9% 15,500 *48% 49 48% 49-/2 *60 *49-/2 50% - *493/4 50% *60 66 63 63 63 x63 63 10% 10% 10 10 10 10 20 , 10 common preferred cumulative 4%% 2,400 Co Manufacturing Co Edison 96'/2 16-4 T 05-/2 Kodak Eastman *172 96 10 Eagle-Picher Co Thanksgiving 19% •*12% *34 60C 56 54 37 23-/2 175 54-/2 *34 45Y8 23 20% 12 12% 19 19% 19% 12% 12% 12 46 • *9% 193/a 12% 10 18% 19% 12 12% 49% 50 *60 66 9%" 9% *19 800 40 600 Electric Storage No par 15 Battery 3 Natural Gas Paso Co Phonograph & Empire District Electric Co 10 Endicott Johnson Corp common--25 . 4% tEquitable Erie _100 No par preferred RR Office Bldg No par common 5% 100 50 5 preferred series A Erie & Pittsburgh RR Co Williams Corp Eureka 2,600 Evans 11% 12 5,400 Eversharp 16 Nov 5 16% Nov 28 42% May 17 166 Nov 18 42aA May 17 19 May 17 95 Nov 20 15% Aug 29 106 Oct 21 4% May 19 50-/e May 17 10 % May 19 333/4 May 29 2 Sep 8 11% May 19 150 Nov 28 137 May 28 Jan 3 15% Nov 21 47 46% May 20 *45% 46% 46 46 46 *44% 46 A. 45 300 Ex-Cell-O 10% *10% 10% 10% 10% *10% 11 *10-4 11 300 Exchange 53% 53% *53 53-/2 .52 53'A 52% 52% 52% 53 800 Fairbanks Morse & Co 30% 30% 30% 30% 30 30 30-/4 8-/b 8% 8'YH 8% 40-/4 40-/4 *40-/4 41 19 19 Sep 16% nov 30% May 31% May 30-/4 Jan 61 Jun nov Oct 209 Aug Feb 48% July 23 198% Oct 21 57 Feb 11 25% Feb 7 Feb 4 109 190 39 233/4 Deo 101 Oct 17% Oct 71 40% May Aug 112 27% Dec 27% Feb 17 111% Feb 15 106% Not 8% Feb 18 6% not 16% Jan 6534 Feb 13 Oct 80-/a 16 3/a Feb 5 123/4 Deo 353/4 Feb Apr Oct 48'A Jan 7-/a Jan 39'/2 Jan 3"% Jan 193/4 Feb 10 14 8 50% 34% 3% Deo 13% Oct 114 Feb 29'/a May July 24 156% Feb 24 138 Sep 180-/a May 128 Sep 167 3 24% Mar 19 593/4 Oct 2 40 Oct 56% Jun 44% Sep 61% Jun Feb 171 57% Oct July ? 16% Oct 28 11% Not 21% Feb 6 26 17 7 2% Jan 2 19-/2 Jan 8 17% Deo 17 Not 21% 38 2 19 8-/2 May 14 47% May 19 63 Nov 24 7% May 17 May 19 18 10% Nov 17 32-/a May 19 7 13 3 2.50 Corp Buffet Corp 3 30 19 9% May May xl2% Nov 27-A May 102 May 13 1 Inc 253/4 Aug 18 24% Apr 51 Jan 30% 5 Products Co 20 *10% l 4 5 19% Jan 16 107 Apr Mar 24 4% May 104 Sep 5 3 3 53/4 Jan Jan Jan Oct 95 Jan 48 S5 Mar 25 90 10 13% Feb 8 24% Feb 7 Oct 22 Ya Jan 333/4 Apr Apr 25% Jan 7 15% Oct 21% Not 50% Oct 18 34% Oct 63 Y4 13% Aug 8 Oct 11% 7 • Jan 93 9% Oct Oct Feb 12% Feb Oct \ 111' 23 % 2-/4 Jun 67 43% Mar 58 3/4 Jan Jun F 30-4 30% 30% 8-/8 8-/4 8 8-4 7% 8% 40-/2 40% 40% *39 *18'/4 18% Xl83/4 183/4 18 18 11% 11% 113/4 11% 113/4 113/4 11% 12-4 11% *23-/4 23% 22% 223/4 22-/4 22'% 22-/4 22% 22%—23 *18-/4 *99% 101-/2 *For *993/4 footnotes see 101-/4 page ' 98'% 100 *100 101-/2 39 39 *17% *100 • Fajardo Sugar Co of Porto Rico__20 5,900 Farnsworth Televis'n & Rad Corp__l 400 Federal Mining & Smelting 18% 400 113/4 ,1200 Federal 3,400 Federated Dept Stores com <Vi01% No par 1,300 160 Federal-Mogul Corp 4%% Motor convertible Co ; Truck 2 5 No par No par preferred—100 44 25 Ye 4% 32 18 9% 19 98% May Jan May May Nov May Apr Nov 19 16 19 16 26 19 18 25 Jan 30 31% feb 9% Feb 7 42% Mar 7 23% July 14 60 14-/a Feb 8 28% July 23 1073A Jun 12 May 47% Not 88 21% Sep 36% Feb 73A Deo 35 Oct 19% Jan 16-/4 Oct 21 Not 104 Sep 24. — 54% Feb 213/4 Jun 34'/a Aug 108 Feb 166 Number 4651 THE COMMERCIAL NEW LOW AND HIGH Saturday Monday Tuesday Nov. 22 Nov. 24 SALE Nov. 25 1 per share *20% 21% *20 7/8 21% *20% 21% 21% *21% 22% *21% 57V4 57'/4 57 57 56 Nov. 26 50% 50 50% 50% 50% 105 105 61 61 *16V4 371/8 *102 *60 16% *35 37 20% 20% 20% 22% 55% *21% 55% 50% 50 50% 1,400 Firestone 300 16 % 36 *35 23% *22% 23% *22% 23% *22% 33% 32% 33% 32% 14 500 2,800 102% *100% *35 14% 14% *22% 33 % 4,000 Mfg Co Tire & Rubber Carpet Co 8,700 12% xll% 11% 11% 11% 4,100 Food 79% 80% 79'% 79% 79% 79% 700 98 98 *95% 98 *95% 27% 27% 27% 26% 27 *26% 26% *26 25% *25% 25% 25% 25% *25 % 25% 25% *14% 14% 14% 14% *14% 15% *14% 15 15% 15% 900 40% 40% 40% 40% 40% 40% 39% 40% 39% 40 Ye 12 1,900 12 12 12% 12% 12% *12'/8 12% 200 5,200 *11% *12 97% 1,100 120 20% 20% 20% 21% 20% 20% 20 % 20 >4 20% 20% 79 79 78 79% 79 79 78 78 79 79 *9% 9% 9% 9% 9% 9% 9% 9% * Steel Fair Corp prior preferred 6% Francisco Froedtert Grain Fruehauf 280 4% Gabriel 9% 400 9% 10 9% 9% xa >/8 9% 19% 15,300 *19% 20 *19% 19% 14% xl9% 14% 19% 300 14 % 14% 14% 14% 14% *20% 21 % 14% 14% 1,000 6% *20% 21% 300 7% 33% 33 % 6% 32% 6% 10,800 34 33 32 32 *22% 23 22% 22% 1,000 22% 22% 22% 22% 22 *15% 15% 15 15% 22% 2,900 15 15% 15% Gaylord 14% 15 3,400 General American 102 200 *100 103 55% *10% 10% 12 20% 20% 6% 6% 6% *32 10% 10% *100 55% 10 170 *12% 102 52% 10% 166 12% *100 54 X53 % lo 10% *166 12% *32 100 55 % 170 12% 33 100 55% *166 13 20 % 6% 103 55% 170 *12% 20% 7% *100 55% ♦166 21 6% 166 *12% Thanksgiving 17% Jan 6 16% Sep 20% Jun May 29 Aug 28 20% Oct 29 Jun 200 4,500 77% 78 78% *78 78%. 40 % 40% *39% 39% *39 39 % 26% 26 147 26 *144 25% 26 *144 147% 11% x24% 147% *38% 25 *144 39% 145 200 1,400 145 4% 1% 19% NOV 49% Sep 28 Feb 20% Sep 35% Jan 10 60% Feb 10 45% Sep 61 Jvn 11% Nov 21 22 Jan 18 39 Jan 2 34% 34% 22,300 General 36% Electric 36% 36 % 36% 35% 36% 8,400 General 94% 92 92 100 12 Ve 12 Va 800 General 49 % 800 General *12% 13 48% *93 *5125% 126 58% ♦125 12% 12% 12% 12 12% 49% 48% 49% 49 49 125% 125% *109 59 . *92 48% 113 t 94% *12% 48% *109 ♦92 94% 113 58% 126 125% <• 58% 125 125% *109 58% 125% 58% * *48% 126 % *126 127 112 Va *110 58% 125% 125 125% 113 *110 112% 58% 125 % 180 24,100 125% 125 % 600 $5 99% 126 58% 99% 900 99% 99% 99% 99% 99% 99% 99% 15% 15% 15% 15% 15% 15% 15% 15 »/8 19% 19% 19% 20 14 % 15 Va 1,200 19% 19% xl9% 19% 15% 15% 19% 19% 15% 15% 15 2,700 15% 15% 14% 3 3 13% 23% *127% 3 13% 3 13% 23% 13% 23 129 *2% 3 12% 23% *127% *2% 13% 22% 129 14% 12% 22% *127% 22% 129 *128 3 12% 4% 4% 4% *28% 28% 28% 28% 28% 28% 28 28 Va 30% 30% *30% 31 30% 30% 30 118 118% 30'% 118% 116 116 *29 *117 29 27 *100 ■ 29 27% 27% *100 102% 24 24 96 95% *81 84 102% 23% *94 95% 27% 27% *99 23% 22% 1 per share 29% 25 3 4 *52% 6 Vb *118 97 22% 93% 23 95 *92 25% 25% 54 122 24% 59% 57% *101% 45 103% 19 5% *6 *33% *19% 27 102% 33% *19% 1 per share 97% 28% 25% 25% 53 6 *52% 6 120 120 Day 19 18% 5% 5% 6 Va *102% 104 19 102 % 44 102 % *18% 18% 18% 5% 5% 5% 6 6 103 Va 5% 6 Granby Consol M S & P Granite 26 2,600 Grant 6 10% *31% 15% 15% ;;-I2'/R *44% '70% 14% *90 12% 11% 46 *44% 71 % . 37 36% 22% 22% 142 68 *63 % 6 31% Feb 8 11% 99% *99 31% 31 31 % 6% *6 6% 11% 11% *44% 71 14% 11% *91% 11% Green 3,400 93 *91 % 12 % 11% 12 % 43% 45 93 11% 46 43 69% 70% 70 % 14% 14% 14 70% 14% 6,100 8,800 14% , 12,300 48 Oct 160 6% Feb 8 4% Oct 29% Oct 20 20% Oct May 11% 26% Apr Feb Jun 36% Jan 23 29 Jan 47 Jun 124% Jan 29 101 Oct 132 July 35% Jan 2 32 Nov 1 24% 49% May Oct 46% Apr Oct 96 111 Feb NOT 60 Jun Sep 118 Jan Oct 105 104% Sep Year 1946 Lowest Highest $5 Jan 6 2614 Nov Sep Feb 17 100 Oct 106 Apr 63 Deo 58 May 7 6 6% Nov Nov Jun 6 71% Feb 106 11 59% July 23 100% Nov 21 Nov 105% 13% May 13 24 Jan 10 19% 814 Oct 24 6% Oct May 19 5% Oct Jun 2 25% Nov 2 8% Mar 27 41 Jan 2 2114 Oct 23 10 28 101 107 May 2 14% Feb 10 12% Mar 28 37% Feb 17 Jan Mar Feb 16 Jan 12 % Nov 83 1 Jan 43 Nov 5 25 Nov Apr 113% 30% Mar 12% Oct 98 Mar 77 Oct 5% 107 Sep Nov 3 Jan Jan 47% May 88% Apr Sep 50% 61% Feb 4 Jan 54 % May 27% 40% 112 Feb Jun Feb Deo 13% 18 33% Dec 35 Apr 18 34% May 21 Sep 30 13% Dec 21 Feb 49% Feb 3 Oct 64 Jun 2214 Jun 277/s Mar 5 40% 22% NOV 34% Jan 188% Apr 25 141% Oct 31 100 59 May 12 29% Oct 7 Nov 25 15 No par 9 100 July 29 99% Nov 1 17 24 163% Jan 70 Feb 158 Oct 5 55 Oct 79 Feb 20% Deo 20% Dec 102% Oct 21 105% Feb 27 Apr 32% Oct 14 23% Deo 62% Apr 8% Jan 10 6% Oct 80 Nov 13% Jan May 17 614 May 19 31% May 21 93 57% Apr 14 74% Nov 8 14 Nov 24 16% Sep 12 25 Gulf Oil Corp Gulf. States Utilities Co 111 May 27 78 No par ; Dec 27 35% Aug 22 21 % Mar 5 1114 Nov Dec 4% May 14 1 No par preferred 8% 151% Nov 27 9 May 19 58 Apr 108 Aug 1 preferred conv 103 42% 22% Jan 102% Deo 109 100 Co Inc Gulf Mobile & Ohio RR $5 Mar 31 105% Jan 20 30 Feb 7 t per share No par Aircraft Corp Guantanamo Sugar common i 32 $ per share No par 4preferred 500 71 14 ' 6% Grumman 50 12 43 , 70% ■ 1,200 Nov 137 116 9 Common 60 31 Oct 24% 26 102% Nov 25 Tap & Die Corp—No par Greyhound Corp (The)— 26,200 100 23% May 14% Feb 49 Greenfield 31 —- 15 13 Si Western RR 1,200 6% Ry Green (H L) *99 6% Bay 1,100 11% 11% 100 Iron Ore Preferred 10 15 Jan 29 31 com Great Western Sugar com 15 Jftn 7% Oct 1 2,900 15 % 40% Oct 2% Feb No par 22 % 32% 21% Nov 33 Prop—-No par pfd 68 Apr 124 41% Jun 100 pfd conv Northern 143 29 ' 13 100% Nov 12 5 common Gt 32% 11% Co 6,500 *63% Dec Nov •»-» May 14 31 preferred Grayson-Robinson Stores cum 18 12 % May 19 Nothern *140 103 22 5 Gt 32 % 31 (WT) $2.25 Nov No par 22% 68 Feb Feb Dec 102V4 No par 3%% 100 00 NOV 101% 11 32% Co 36% 142 99% 600 124% 80% 132 15 Steel City 3,200 15 Va 92 01.1 Union 15% 00!i 37% 00 ( 32 Va 15% 92 10% 180 32 15% 22% 31% 99% 10 % 37% 146 % *31% 15% 22% 46 14 10% 32 36% 92 70% 14% 16 Va Jan $ per share 104% Jun 1 Grand 31% 6% Motors 400 15% 6% Graham-Paige 800 31% 92 8 Oct No par Hosiery 1,000 15% >90' 8 Jan 47% No par 19% 38 6% 100 No par preferred conv 33% 32 6% Co com 19% 15% 11% F) 33 % 36 31% 23,100 $5 Gotham (B 19% *31% 100 500 Co 34 % 15% •*6 Feb 4% Feb Jan 11 5% May 21 10 19 % 37% 15 600 19 5% 32 11% 6 24 Aug 123 Feb 1 Inc *33% 15% 15% Goebel Brewing Co Gold Si Stock Telegraph $5 preferred No par Goodyear Tire & Rub com—-No par 43% 37% 99% .Nov 84% 135% Sop Apr 24 Nov 10 51% May 6 Goodrich *101% 44% *31% 30 19% Jan Jun Dee 114 30 50 6,500 102 % 43 Va 25 11% 16 Highest 92 new__No par 4,100 *101% 44% 103 *98 31% com preferred Goodall-Sanford 34 % *63% No par (The) conv 2,000 26 30 Mar 25 107 Va Sep 42 128 40 V» Feb 1714 May 19 24% 102 % Fob 106 2314 May 19 95% Oct 14 59 20 68 10 56% 3 5 53 % 99 100 11 $ per share No par 23 *33% 32% 1,500 Oct 14 No par com common 25 *19% *142 Brothers 4%% 122 *118 Razor preferred conv 58% 99 11% 65% Feb 140 Feb 39% Range lor Previous $4.50 preferred 6 Va 25% 30 « Lowest 24% 20 146 Glidden Co 54 % 10% *99 Feb 26 Apr 52 Range Since January 1 58 33% 22% Safety 3,100 $5 93 % 25% 99 15% Oct 21% May 27 STOCK 58% 6 Va *6 Gillette Gimbel 6 Va Thanksgiving YORK 24% . *101% 6 6,800 700 25% 26% 15% 19% Apr 101 Par 3,600 *52% 10% 15% May 27 54% July 11 25 20 Apr Deo 3 131 Y« Feb 129 40% 182 " 23 *92 25% 99 31% 3 19 27% Nov 28 EXCHANGE 97 22% 93 % 122 24% 58 28% NEW Shares 29 % *95 . 54 6 *118% # per share 23 *92 93% 25 % *52% $ per share 96 22% Sales for the Week 29% 95% , 23 Friday Nov. 28 11% *63% Oct ■ STOCKS Thursday Nov. 27 Nov. 26 29% 59% 102% Wednesday 99 68 May 19 16% Mar X122 47% Aug Sep Oct Oct 33% 5 99 32% 28 158 Aug 21 Feb *10% 32% 3 101% Apr 5 com Nov 103 98 11% *63% 9 25 25% *142 45% Jan Nov PRICES 99 % 146 Nov 28 81 SALE *98% ♦142 3 100 26% 22% 39% Feb preferred 26% 22% May 19 27% 7 3%% HIGH *10% 22% Jan Nov 28 May 19 May 19 160 10 AND " 34 Sep 8 Jun 10 Nov 28 22 43% 20% Rubber Co Apr Aug Jan 102 % 27 26 No par Telephone Corp 20 Gen Time Instr Corp com__No par 4% % preferred 100 Tire & 90% 108 45 Va *6 pfd General Gen Deo 26 103% 6% 1 $6 74% x35% Nov 44% 5% Corp Cast Apr 83% July 16 47% Fee 13 33 Pteb 8 3% May 17 18% May 19 No par Apr Apr 28 93 *102% 571, 10c Refractories Steel Gen 19 125 Apr 200 16% 2% May 16 12 Nov 28 5 13 Apr 14% Dee 28% 3 100 71% Sep 8ep *170 Sop 8 No par 10% 109 Nov 14% Nov 10c 48 1 May 21% July Dec Deo 8% 13% May 20 18'A Oct 20 No par li July 100 45% 19 Equip Corp 17 18 Vs Feb 104 9 124% Nov 20 1 58% Oct 185 preferred 103% 19 Co 9 414% 25' *101% Cement Jan 11 Bl7/s Jan common—_No par 109 14% Feb Jun 99 24 Deo 18% Jan 110 No par 67% May Nov 13% May 19 125% Nov 20 No par Service General Shoe 32 35% 92 11 43 Deo 15 40 22% 122 *24% 59 1,800 37 24 145 38 94% *95% 6% ♦118% 24% 270 28% 8 71 4 21 20 83 *92 • 26 Vb 6 Vb 117% 27% 48 Apr 17 9% Oct 16 166 Nov 26 11% Jun 16 May Oct *91 29 Va 54 *52% 6 % 117% 25 Apr Nov *79 1 per share 29% 96 23 % General Nov 7% Jan 16 94 Nov. 25 97% 1,300 30% 100 4314 Feb 7 23 83 Tuesday 23 26% Aug 4 1414 May 21 107/s May 19 93 Nov. 24 *92 21 Va 30% 600 17 *79 Monday *96 Gen 3,300 Deo 81 Nov. 2i 29 % 4,800 26 8 96 Saturday 29% 4% 22 % 9% Feb 10 Public Utilities Corp Railway Signal com preferred Realty & Utilities 6% 101 % 4% July 22 100 com Gen 26 1 100 .Gen 22 Jan No par 1,200. *99 29% 5 . 35,100 27% Sep 1 12% 0 129 22% 17 5 Corp Public 101 % 19 No par Precision 1,000 Jan 21V* Nov : Gen 27 29 26 No par 600 4% Nov 94 % LOW f per share 4% 14% 21 81 84 *81 29 101 % 22% * 118 29% *99 23% 4% 119 29 27% 29% 27 4% 3 com 23 V8 23% *128 11% X17Y4 Feb No par Corp Adv 15% May Sep 12% May 24 14% May 17 50 Co Portland 10% 21 5 3,500 3 12 23 129 General July 27% May Oct com__l preferred—4 $3.75'series Outdoor Gen Jun 112 Sep No par 100 Gen 2% 4% 4% 15 Va 23 48 Sep 18% 18% Jun common—1.66% Investors common Motors 17 10% Oct NOV 2 com Preferred 99% General 17% Feb Nov 89 50 Inc 5% preferred— 3%% conv preferred .57% 17 18 28% lOSV^MarlO No par Instrument Mills Nov Jan Jan 20 Corp preferred $3.50 24 5% May 17 12 1 com 8 Nov 9 1 common Foods 95% 19% Sep 78 100 100 36% *93 1 common preferred 36% July 24 25% Co Inc com—No par 36% Apr 6 preferred 36% Pea 23% May lOu 18 100 2nd conv General Cigar 20 35% 21% Oct 13 Corp 34% Jan Sep 25% Jan Corp com preferred 35% 7 12% 1214 May 20 36% May 19 General Cable 35% 110 Nov 11% 71 26% Jan No par 35% 7 297/« Feb Transportation Baking— 35% 13 No par preferred 35% 14 15% Feb Jan 19% May 17 Amer 1st 33% Oct -94% Jan Jun 237/a May 23 preferred 4% 13 105 10 Industries General Bronze 210 24 % 24% 147% $8 24 96 100 $4.50 preferred General 12% 41 12 11% 14% Jan 25 110% Feb 25 9 May 17 69% May 17 1 10 Co 35% , Nov 18 10 (Robert) conv General 12% *78 4%% 10 11% 78% (The) Wood 6,400 12% 12% 78% 26% , Apr 14 No par Gardner-Denver 2,000 166 12 12 147 1 67 No par 10% *160 12% 12 % 80 *40% t 115 Oct preferred Gamewell Co (The) 53% 10% Day *79 , Sep 6% Gar 46% 25 Container 15% 21 28% JUiy Oct 33% common Co 10 Co NOV 25% 6 preferred Gair Co Inc 16 15 Malting Co Inc_l & Trailer cum 4* 39 Va Oct 41 Va Jan Sugar Co Sulphur Co— Freeport Nov 21% Jan 7Va Foster-Wheeler 19% 14% May 52 14% May 27 24 May 19 Corp 10 * 70 % 51% May 20 105% 30 Stores Inc__ 19% 9 Va Jan 107 % Aug 7 62'/4 Oct 23 34% Mar 101 Corp 10% 19 109% 16 Sep No par % 10 * Apr Dec Sep 19% 21 No par Machinery Corp 314% cum conv pfd 30 26% 25% Feb 83 % Feb 10 May 19 Nov 10 Food 98'% 27% 70 Nov 104 (The) common—No par Power Follansbee 32% 12% 82 *97% *25% Oct 51 100 preferred Florida *80% 12% 49 61 No par 98% 12% 26 V* Jan \ 59Y4Feb 2b No par 82 12% 26% Feb 46% May 27 42% Jun 5 (The) *98 ■ com 20% May 17 20% May 20 Firth $4 Highest J per share 1 First Flintkote Co t per share 5 preferred National Stores *80 12% $ per share Lowest 10 Corp Florsheim Shoe class A 23 30% Enamel Florence Stove Co 36% 14 23 Tarrant 4%% 30 35 37 *221/2 14% 16% 35 % 16% 36 103 Highest S per share 25 61 14% 33 Fidelity Phen Fire Ins N Y *59% 14% 33 % Perro 1,800 53% 14% 32 100 55% Si Year 1946 Lowest Par 400 16% Range Since January 1 22% 105 35% Range for Previous STOCK Pelt *104% *100% YORK EXCHANGE 300 104 % 14% 14 NEW Shares I per share x59 % 36% *35 1 per share Sales for 104% 103 RECORD the Week 55% 16% 36 Friday Nov. 28 50% 61 *100% 37 *21% 104% 16% 16% 102 20% 22 % *60 37% 36% 102 21% 104% 62% *16% 3714 103'% *35 104% 104% STOCK (2221) STOCKS Thursday Nov. 27 t per share 58 *50 Va YORK CHRONICLE PRICES Wednesday t per share 6 per share & FINANCIAL No par 25 No par July 16 14% Feb 3 49 July 22 9% 31 % 56% Nov 15 Oct 17% Oct Jan 30% Sep 35 108 Sep Oct Jan 78% Jan 78 May 1" 35% 115 % ,15% : *35 . 15% *14% ;15 ;*96 *106 14% .>i:97% 107% *31 % *714 *80 *814 8% 154 7% 15% 14% 14% 97 96 106 *106 26% *150 31% • 7% *78 26% 154 31% 7% 82 ■_ . . 26 % *150 31% *7 % *78 *35 . 14%.. 96 106% 26%; 154 31% 7% 82 35% 35 *15% 15% 15% 1414 „ 14% 14 96 *95 , 96% ?106 106% 26% *150 31% 7% *78 , *106 8 8% 8 7% 8 8 8 267/b 26% *91 •; 40 39% *102% ;io3 *102% ; >14% 1,806 : t - , 26% 27 27 *27 *26 27 *26 26% *91 94 91 39% 39 *102% 10 2,200 39%103 '-39% *102% • Jan 22 _100 96 Nov 25 112 Feb 4 Co $4.25 pfd—No par Harbison-Walk Refrac com—No par 104 Apr 15 19% Apr 17 4% Hanna <M 6% preferred Schaffner Hat 800 7% Hayes Mfg 1,100 , .Hazel-Atlas 200 70 * 39% 103 500 100 Si Marx Corp of Amer class A 4%% preferred Hayes Industries Inc i 2,800 26% 26% 91 . com A) Hart, 8 . Co preferred conv Hecht v Co 3%% Heinz 1 Corp Glass Co common preferred (H 3.65% 39 Jan 11 40% May ' 200 ' *39 *19 600 82 26% *102% 30 Nov 28 7% :;:9i" ; 39% 103 16 Jun 14 Watch 31% . 91 Apr >14 154 *7% 27% 26% 33 -5 No par (W F) Hamilton 40 106% .1 7% 94 103 96 *78 8% 8% 94 Printing Co : *7% . 8% 27 % Water Hall 31 7% 82 8% *91 Hackensack 700 26 Va 31% 8% *2614 100 15% *150 &% 27 .35 •: 26% 154 8% *26% *38% 35% *15% 106 32% 82 *35' 15% *96 Mi26% r 26% *150 35% H ■ . r-: 73514 J) cum Co common preferred 148% Oct 10 100 83 1 v-25 15 22 100 91 100 Nov. 10 6 May 19 4% May 19 25% May 16 2 .,-25 30 28% May 19 614 May 19 1 > May 21 Nov 26 35 May 16 102 % Nov 20 19 V* Feb 4 103 24 Aug 26% Jan v Oct 119 108% Sep 12 105% Jan 109% 26% Nov 24 20% Sep 151% Nov 34% May 170 Aug 160 Jan 39% Jan 10% Feb. 100% Apr 27 6 33 3 7 8 Oct 99 1 Sep 106% Jan 8 Nov 20% 5% Nov 29% Oct 15% Apr Jan 36 Dec 12 Feb 8 9% Oct 24 35% Jan 8 30% Jan 103% Apr 42% Feb 108 Apr Apr 2 14- 13 July 14 28% 101 41% 103 Nov NOV Nov 60% May 16% Jan 51.4 May 109% Mar Deo 44 Dec .105% . > Dec Dec IT 18 THE COMMERCIAL (2222) NEW LOW 1 b i Saturday Monday Nov. 22 Nov .24 '• HIGH AND Tuesday Nov SALE RECORD STOCK YORK Range for Previous STOCKS Thursday Nov. 26 Monday, December 1, 1947 CHRONICLE . PRICES Wednesday 25 & FINANCIAL Nov. 27 Friday Nov. 28 Range Since January 1 YORK STOCK EXCHANGE NEW Sales for the Week I > per share *50 ■J 51 *141 1 . 120 32% , 2.500 20 32 120 27% 27% 12% 12 % 12% . 120 *26 % 28 27% 27% *26% 27 % 200 12% 12 12% 11% 12 V8 4,000 12% 32 *31 28 % *31 31% *30 32 32 32 32 32 400 28 % *27% 29 *27% 28% 27% 27'% 27 27% 500 25 25 25% 25 17% *16 17 *16 21% 21 21 *20% 21% 1,300 41% 41 % 41% 41 41% 3,400 30'% 30% 30'% 30 30 20% 20% 21 21 41% 41'% 41% 41% 41% 30% » -! *17% 18 17% 30 % 30% *47% 48% *47% 48'% 32% 32% 95% 95% 95% *40 32% 95% 48% 48 % 31% 32'% 31% 80 39% 39% 40 39 40 25% 24% 25 24% 25% 24% 25 36% *22% f*' 23 22% 22% 22% 21% *22% *36% 37 36% 36% 36% 36% 36 % 37 x36 5 4% 4% 4% 4% 4% 5 *22 4% 39 3 Hudson Motor Hunt Foods Hupp Corp *22% 23 22 Idaho Power Co 7,100 iiutuns 59 500 98 10 44% Feb 7 18% Oct 45% Jan 63% Oct 23 41 Oct 85 100 93 Jan 21 97 Aug 22 87 Sep 99% Apr 15 Jan 16 25% July 24 14 % Oct 37% Jan 7% May 19 10% July 17 6% Oct 16% lines Leased 4% 45 46% 132% 134 174 *170 500 14% 1,000 46 200 132 % 174 Industria Electrica Industrial Rayon 40% 39% 40'% 39 % 39% 39 39% 4,600 Inland Steel 16% 16% 16% 16% 16% 17% 17% 17% 5,300 Inspiration Consol *6% 7% *6% 7% *6% 7% *6% 7'% 46 *45% *45 *45 46 103 46 103 *102% 103% 3% 3% 3% 3% 14% 14% 14% 14% 14% 234% 86% 230 87 85% 173 7 172 7% *32% *78 32% *78 4% 4% 1,200 14% 7,500 28 % 27 % *134 134% 134 6% 134% 6% 31% Business 87% 6,400 Int'l Harvester 172% 340 3 No par 100 85 3% 2,500 27'% 19,500 134% 135 134% 9,100 56 56% 56 56 7% 98'% ,98'% 98 98% 400 *11% 12% 11% 1-1% 1,400 preferred 100 International Mining Corp 1 Int'l Nickel of Canada com..No par 5% Feb 36% Feb 8 100 130'% July 136% Apr 2 Preferred International 54% 53 53 *52 54 53 % 100 International Salt 42% 42% 42 42'% *42 42% 42% 42% 700 59'/4 *57% 58 % 300 International International Silver 36% 36% 36% 100 13 13% 13% 13 % *22% 12% 22% *27 *13 22% 27 27% 68 68 *66% *145 153 151% 12% 13 i per share 10 % *20% 92 10% 10% 21(4 *20% 92 *43% *98 12% 13 12% 13% 2,400 Foreign 21% 22 21% 21 % 700 Interstate 27 T49 151% 43% 26 % 25% 26 300 69 66 66% 700 Island 152 149 *149 152 AND HIGH SALE preferred l YORK Par Shares t per share 9% 3,900 Jacobs I) (F 1 Co Thanksgiving Day 42 600 Jewel 44 43 116% 117% 29'% x28% 28% *103 106 106 *103 *140 34% *91 93 92% 92% *91% 39 39 38% 38'% x37 % 17% 17% 17% 17% *17 99'% 99 % *22'% 22 % 22% 22% 21% *48 49% 48% 48'% *47% 116'% 28% 28% 103 106 35 115 28% 102 103 42 % Inc common. —No par Tea Co .cumulative 3%% 100 preferred common.—12% Johnson:& Johnson 4% 90 103 2nd preferred series A Joliet & Chicago RR 35 33 Va 93 91 91 38 % 37% 38% 17% 171/2 *16% 6,400 34 % 37% 38'% 1,000 Jones & 5% 200 2,100 pfd —100 preferred. —100 Johns Manville Corp com No par 500 28% *91% 92 % 4,200 115 34% % Cent Pwr & Lt 4% 3%% 99 % *140 *140 *140 35% *115 42 *97 41% 43 X42 % 43% 119% 28% 99 % Sep 5 52% 58% Feb 44 11% Feb 42% Feb Feb 148 55'/a Dec Aug 113 26% May July 125 Sep 70'/a July 36 Oct 49% 39% Aug 25 Nov 60% Aug 37 Dec 42'/» Aug 31% Jan Feb 17% Feb 11 14% Nov 17% Feb 11 14% Nov 31% 26% Feb ll 23% Dec 50 May 17 26% Aug 19 20% Dec 34 % July 38% May 20 69% Nov 25 39% Dec 50 Aug Dec 163 Jun 9% May 17 9% May 17 19 Apr 20 143% Jan 14 2 158 Aug 141 1 Feb Apr Year 1916 Lowest Lowest Jersey 42 101% Range Since January 1 STOCK EXCHANGE the Week Nov. 28 9% NEW Sales for Friday Jaeger Machine Co common—No par 42 20 Anr Range for Previous 100 118% 34% 1 common 140 90% Feb 7 21 *97 116 Feb 89% 99 % Nov 40 *20% 43% Oct 11% Jun *88% 90 3 4 95% 18 32 21 29 35 % t per share 10 90 % 38% 12 Feb 28 26 Sep 22 16 59% Oct 63% Oct 9% 121 35% 2 *20% 29 *140 23 10% 42% 104 % May 16 Oct Oct Aug 107% Sep May 19 20% *97 99% 28 May 19 28% 133 40 % 9% 91 Nov 9 37'% Jan 20% 10% 21 92 *103 Nov. 27 t per share 98 4% 8 STOCKS Thursday Nov. 26 38% May 19 46% Apr No par Coal PRICES Wednesday t per share $6 60 149 Creek 9 25 No par No par Stores Intertype Corp *66 % Nov. 25 44 43% 43% *26% Tuesday share Dept 69% 69 3% May 17 26% Nov 28 6% 25 share ctfs 27% *27% 70 26 par common Telep & Teleg —No par International 13% 95 No par No Shoe preferred 22% 44 *97 7 c'c 12% 92 44 % 100 *117'% per 26,400 100 preferred 22 % Nov. 24 t 13 12 % 13 % 5% 90 13% Monday Nov. 22 12% 13% $4 preferred No par Int'l Rys of Cent Amer com_..No par 22 % LOW Saturday 59'% *35 15 Co com Paper *53% 36% Apr Jun 54% 59% Jun 202 Aug 42 % 59% 102 Dec 101 111% *35 Nov 175% Dec 111% 36% 66 % 12 00% 111% 59% July 14 29 12 59% Jun Jan 561/4 *35 Feb Feb 250 96 99% 36% Jan 195 20 82'% Nov 4% 55% 59 Nov 45 *11% *35% 246 Sep *98% *57 20'/* Oct 12 *51% 13% Oct 27 99% 42% May Dec 22 56% *53 112 5% 10% Feb 7 34% Oct 11% 111 Aug 105 11 15% July 24 6 5 Chem common & 55% 111 May May 19 22% May 19 Mining *98% 111% 11% May 59 L5% 12 % *111 Feb 22% 35% Nov Mar 21 108 44% 11 99% 111% 19 Jun 10% Feb 56% 111% 9 Aug 186% Jun 56% 111% Sep 8 Jan Jun 190 13 *98% 12 7% 8'% Feb Jun 54 151% 13 340 135 Sep Jan Jan 100 Int'l 3% Sep 13% May 163'% Nov No par common Preferred Int'l Hydro-Electric Sys class A..25 26% 33% 26 50 May 19 70 21. 42 192% Apr 29 Machine 101 % Nov Oct 17% Nov 9% May 19 100 1,600 3% Oct No par 3,400 6% 32 27% 27 134'% *78 82% 3% 3% 27% Int'l 6% 32% 82 % 83 3% 27 134 6% 32% *78 4 28% 172% 173 *31% 7 32 % 83 173 87 87% 86%' 87 500 229 Sep 168% Mar No par Interlake Iron 229 36 116 18 Rubber Intercontinental 14% 230 21 21 No par 10 3% 14% 22% 136% Oct Apr 19 Jan 36 Sep 180 % Feb 12'% May 19 6% Sep 30 35% May 17 1 Sep 11% x48 % Nov com preferred 4%% 103% 3% 14 33 Jan 23 25 July 17 July 29 174 20 Inc Corp *102% 173 6% Copper Ctfs Interchemical 3% *225 231 86% 172% 33 *3% 28% 231 86% 173 6% 33 83 234% Insuranshares 103% 14% *172 45 ; 3'% 3% *230 *44% 46 100 7 7 *102% 103% 39'% Aug May 27 107 No par Co 40% *3% May 19 X35 % May 20 1 No par —100 Ingersoll-Rand common 6% preferred 16% *45% 30 17 22 40'% *102% Apr Sep 30 37% May 21 20 16% *40 31% 18% May 19 100 30'% Jan *46'% *170 I 5 central RR Co common-.iuo preferred series A 14 47'% 174 Jun 28 *13% *170 10% 12'% Jan 21% 13% 174 Sep 21% Nov 22% 13% *170 Jun 5% De Mex, S A— 22 '/4 13% 174 49% S 7% Feb Indianapolis Power & Light__No par 22% 13% 46 % 34% Mar Oct 7,200 22% *132 45% May Oct 25% 5 14% 46% Sep 14% 2 1000 23% 133 33 15 30% Oct 28 Jan RR stock ctfs series A 13% 133 3 21% Oct 30 Illinois Terminal RR Co 22% 134 43% Feb May 14 300 14% 46% Jan 2,100 23% *130% Jan 25 9% 9% 48 Feb 12% Dec 21% 9% 133% 60% Oct 11% 9% 9% Apr July 3 21% 22% 9% 23% 170 2,900 26 *21% *14'% 130% 31% 25 *96% 22 22 30% 9% 10 *47'% 22 4% 9% 10 1 6,800 5 13% Mar 12'% May 19 15 % May 23 3% May 20 6.66% Feb 7% Feb May 19 33 No par Car Inc 59 98 *96% Nov » r. 26% July 24 7% May 16 non-cum 4% 98 46 38% Mar 28 5 Co Hudson *96% 36 i. Feb 31'% May 19 Hfidson & Manhattan common._ 100 1,000 96% 21 28% 47 19 96'% Feb Oct Oct 18% 98 56 Jan 1 12% 24% 19'% *96'% i _ 29 Ho^e Sound 6% Feb va ' — 20% May 19 19 % Day 19 — 1 20% Thanksgiving 34% Jun *19% 25% 22 13 26 30 20% 31% 56 26 Jun 30% Nov Oct *19% 60 34% May Sep Jan 48 28 14% 20% 31% Sep 2a 23 Nov 16% Jan 16 1,400 25'% May 19 Apr Jun May Jun 6,800 60 40 30 11 31'% Dec 45 % Jun 19 % 25% 18 37 % May 21 35% 61 20 No pur Oil of Texas vfc——-25 10% 31 20% Oct Apr 18% 25'% May 28 35% 35% *59 37% 52% 11% 31% 41% Oct 111'/a 19% 60% Sep 227/a Sep 35% 26 21% 4 Dec 19'% 31'% May 12 j'dlh a 27 35'% 25% 39 '/a May *43 09% 11% 60 % Oct Nov 26 6 19% 26 % 22 4 10 3 35 % 61 Jan Oct 11'% 31% 146% 105 Va Sen 19% 61 Apr Nov 123 j 11 35 % 31% Apr 139 3 Feb x29 % Nov 15 19% 26 72 Va Jan 95% Nov 22 11 4% Jan —— 13% May 35 4% I; Sep 38% 17 19% 4% 17 29% Jun 13% July Jan Aug 46% 130 30 11 4% 11 5 Mar 21 35 >/4 Jan 34% 4% 5 23 90 192 14 % 11% 4% Sep Jun Feb Oct 21% May 20 19% 4% 5 22% Apr 34% 4% Sep 20 20% . 134 28% Jan Howard Stores Corp 400 29 Oct 46% Apr 1,*400 1 25 26 19% *11 Sep 10% Jun preferred 100 Bay Min & Sm Ltd—No par *11 38 50 Houston 5% 63 134 No par com preferred Houston Light & Power 3%% 3,500 | 9 12 $ per share Dee 61 169% 17% Nov 18 118 7,900 300^ 4% 4% 8 50 % Sep 34% >- .. 22 Highest share 100 Finance Household 800 23 *38% 23 • . com 2,9 Jan 30% Nov ——5 No par preferred $2.25 1,800 95 Va *92 95% 25 25% Houdaille-Hershey 400 *47% 48'% 31% *94 Electrochemical Co Hooker • *94% Corp Hoinestake Mining 1,900 17% Furnace Holly Sugar 900 39% 40% 25 48% 32 48% 32% 95'% 18 17% 18 17% 17% 17% 32 % J- Holland 17 *20% *16 The (Del) Hollander & Sons (A) E) (C Co Hires 2,100 25 24% *16'% 18 -- 24% 25% 25% 17% 25% *16% Hotels Corp Dauch Paper Co Hinde & Jun 22% Feb 129'/4 Nov 5 5 10 1 5 5 No par 12.50 Inc Hewitt-Robins Hilton 6b 165 14% May 17 preferred 100 Hershey Chocolate new com. No par $4 conv preferred No par 160 118% 122 28 % 12% Powder common S per 49% Nov 26 No par No par 5% 200 *118% 119 ■ >. Hercules 53% 129% 31% 32'% *32 119 18 53% preferred Motors Hercules Sper share share Lowest 143'/4 Nov 21 25 100 common. non-cum 7% 40 500 129% 131 (G W) Helme 700 50'% 144% 17% 18'% Shares share *142 54% 54% *129'% S per 50% 50% 54 129% *31% 32% *27% w 1 53% 129% $ per share 144% *17% 18% 54 131 *31% 122 49% 144 % 50 *18 18% I per share share 144% 53% 32% 122 . 50 *141 144% *129% 131 *31 ■$ 18% 53% S per share 50 144% 18% 53 % *129% per 50 144% 18 % i i". 1 Highest $ per Par 1 Year 1946 Lowest 100 Highest $ per $ per share share 6% Jun lo x20% Nov 21 90 % Nov 26 39% May 20 99% Nov 37 Jun 13% Feb t per share 8% 14 preference series A 100 Joy Manufacturing Co l share 24% Jan 24% July 28 104% Feb 53 4 Jan 10 2 2 104% Sep 46% Oct 100 45% Dec Nov 108 July 59% May 2 16 May 19 24% Sep 29 125% Oct 16 112 Jan 11 2~7~% May" 17 39 Feb 8 Nov Sep 153 Apr 109 May 115% Feb Mar 150 34% July 28 28 102 111 140 110 stamped. —100 Laughlin Steel com..No par Dec Highest $ per 31% Nov 53% Feb Feb Nov 28 101% Feb 18 99 Sep 108 May 25% Jan 3 40% Oct 20 18% Oct 34 Apr 4 22% Feb 10 17% Oct 30 May 23 108% Mar 91 K 17% 17 600 99 70 City Kansas *17% 17% *24 24% *98 17% *24 100 *98 17% 17% 24 % *24 *99 100 99% 22 *48 49 21 22 2,300 48% 21 % 21% 99 48 48 300 17% xl7 17 17 17% 1,000 24% 24 24 *24 24% 200 19 % *19% 19% 19 19 % 48% 49 48% 49% 48'% 491/4 x47 47% 46 46% 46 45% 46 45% 45% x45 % 45% 45% 45'/a 700 24 23% 24 23% 23% 23% 23% 23% 23 % 1,400 106% 106% 106% 18 19 19 18 16,400 10 14 100 99 Nov 16 May 17 preferred Kansas City Southern com 4% non-cum preferred 18% Oct 40% Jun 47% May 19 58% July 24 45 Sep 67 Jun 5 Kelsey Hayes Wheel conv class A—1 13% May 19 20% May 17 18 17 15 Dec 26% Feb 26% Feb 8 19% Sep 34% Jan 13% Jan 21% Oct 15 11% Nov 30 Jan (Julius) & Co Kayser Class 1 B Kennecott No par Copper 108% 106% 104% 105% 240 *14% 14% 14'% 14% *13% 14 14 14 *13% 14% 400 Kinney *75 76% 76 76 *75 76% 75 75 *75 76% 140 34% 98% 34% 34% 34% 34% 34 34% 33 33% 2,800 97% 97% 97 97 % 96 96 96% 96% 240 *107 108% 34% *97% *37 37% *107 *37 37% 36% *50'% 50% 50% 50% 50% 50% *50% *47% 48% 48 48% 47% 47% 47% 5 5% 5 5% 5 37 37 5% 36% 37 51 50% 47% 5 5 % *47% 5 $5 1,000 1,000 Kress 800 5% 3,600 10% 10% 10% 10 10% 10 10 23% 23% 24 24 24 24% 26 *11% 12 11% 11% 11% 11% *11% 12 *52 52% *52 52% 52 52 *51 54 *51 54 44% 44 44 43 44 *41% 44 *42% 43 500 *26% 26% *95 26 26% 96 96 10% 10 10% 10 37% 38 37% 37% 37% 37% *5% 5% 2% < 2% *25 40 *19% 47% *For 2% 104% May 19 11% May 20 65% Jun 17 116% Feb Dec 15% Feb 29 Jun 85 Jan 6 82 Dec 100 Aug Jun 38% Oct 102% Aug 45 Jun 3 40% Apr 29 4% May 19 9% Nov 28 23% Sep No par 10 —.50 108% 7 May 19 16 29 May 20 49% Jun 19 » 4 21 14% Sep 68 8 13% Nov 20% Feb 8 52 Dec 102% 56% Feb 13 49 Sep 14% Feb 56 May 15 30% Feb Apr Lehigh Portland Cement 25 Lehigh Valley RR *—.50 Lehigh Valley Coal com -No par Non-.cumulative preferred 50 lo 44% Jan 19% 19% *18% 20 *18% 20 *19% 6% 6% *-6% 6% *6% 47% 47% 47% 47% 47% 47% 47 47% *11% 11% 11% 11% 11% 11% 11% 11% 1,900 20 - 6% *6% 400 6% 50c non-cum 2nd 2,900 . • Lehman Corp 1,000- Lehn & Fink 96 Oct 30% Jun 31 4% May If 101 8% Feb 10% Nov 17% Jan 34% Sep 55%May 6% Sep 2% Oct 17% Jan 5% Jan Jan 4 2 13 9^ 7 1% May 19 3% Feb 11 25% Feb ~13 9% Feb 11 6% Oct 15%. Apr _>—-1 38% May 19 50% Fv.0 10 41% Oct 65% ____5 11% Nov 24 6 21% Oct 33 pfd_____.No par (The)_l— Prod Corp Sep Apr Apr 14% May 19 5% Jun 17 1st preferred—No par $3 non-cum Oct 82 . 200 Jan May 49% 38 1,500 2,000 9% Dec 37% - 65% May Sep 9 31 37% 2 Va Oct 5% 3 Jan Jan 5% 5% Sep 43% 11% Feb 14 44 37% 2 43 Sep 45% May 62% May 38 7 Dec 101 Nov Feb 5% 5 Dec 33 59 37% 8 46 96 52% Oct 12% Feb 2 ', 26% Oct 5 16 Oct 9 % May 20 2% 108'/a 22 40 21% May 19 (James) 3.85% 20 30% Aug 13 Feb 95% July 14 25 60% Apr May 55 20 & Sons Co com.: 3 cumulative preferred....100 Lees 800 40 Nov Lehigh Coal & Navigation Co____10 *25 24. Jan 21% 4,300 97 40 page 32% 13 10% 26 *95 *25 see 13 27% Feb Jan 5 & Tire. Sep 49 % Feb 16 No par Bryant common .4%% preferred Lee Rubber 41 15 No par Lane 2 Apr No par Co (The) Co 52 % Jan 39 34 Laclede Gas Light Co 4 La Consolid 6% pfd 75 Pesos Mex Lambert 41% May 17 11 22% Jan 10 26 97 40 footnotes & (The) Nov 10% 26 *25 *25 47% 12 2% 5'% II) 2 28% Feb 10% 97 40 6% *11% 2% 2% 19% 6%: 5% 5% 5 11% 500 26 10 % *95 700 1,700 *95 26'% 26% 96 10% 9% 25% (S Kroger Co 100 *44 11% prior preferred 51 23% 9% 1 37 *10% 25 (G R) Co common No par Koppers Co Inc common 10 Cumulative preferred 4% ser. ,100 Kresge (S S) Co —10 48% 5 100 No par Keystone Steel & Wire Co...No par Kimberly-Clark Corp com...No par 4% .conv 2nd preferred 100 *23% Jun & Lt Co— Power 3.8% 800 19% *45% Furniture Kalamazoo Stove & 18 Jan 18% Nov 64 Apr 38% May Jun May 1, Volume 166 THE Number 4651 Nov. 24 t S share per *19% 19% *56 % 56% per SALE Nov. 26 Nov. 25 1 share 19 57 $ share 56 x55 % per 18% 18% 18% 19% 56 per 54% share Friday $ per share Sales for Nov. 28 t per share 18% 55% 54 54 9% 9% 9% 9% 9% 9 % &% *35% 36% *35 % 36% *35% 36% 90% 88 173% *173 *43 44 83 88 89 174 173 174 *42 43% 44 *41 43% 89 YORK 17 46% May 21 89% 900 370 43% 100 • 10% 10% 10% 10% 11 10% 11 5,200 60 60 60 % 60 60 % 59% 60 1.400 31% 32% 31% 32% x31 % 31% 31 31% 4,500 Lion 21% 21'A 20% 21 20 % 20% 20'A 20% 1,000 Liquid Carbonic 90 89 89 88 88 33 *88 % 90 *8.5 200 T ink Relt Co 12% 13 12% 13 12% 12% 11% 12% 7,100 20 20% * 20 20% 20'A 20% 3%% preferred Lockheed Aircraft Corp 20 20'A 7,200 Loew's 69 2.800 Lone Star Cement Corp Long Bell Lumber A 23% 23% 20 *156% 68% 69% 68% 69 % *23% 20 20% 158 *156% 23% *23% * 23% 23 23 % 20 % 20 20% *156% 158 20% *156% 158 68 *22% . 20% 19% 158 24 24 41 40% 41% 40% 41 40% 41'A ~o% 2b % 26% 26% 25% 26 25% 23 41 136 *55% 40% *134 56% *98 99 23 '/a 41 -133 *98 >134 55% 34% 34% *99 »A 100% *99% 100 13 *12 12% 12% 19% 19% Xl9% 12% 12% '430 12% 500 9% ♦430 9% 11% 11% *25% 27% *25% 5% 5% *15 15 34% 34'A 34% 1,900 Mecv *99% 100 >/4 *99% 100 % 100 13 12% 12% 12% 12% 19% 18% 18% 19% 19% 12% *12% 500 87/a 11% 11% *430 9 13 *11% *25 5% *5% 21% 7 Va 15% 15 V8 14% 26% 25% 25% 102% *100% 102 Va 14% 14% 1* )5 5% Day 19% 19% 1,300 55 23 % 91% 92 91 90% 90% 88% 88% 90 *88% 12% 91 *43% 45 111% 42% 42 12% 12% *43% 23% % 32% 32% *175% 40% 40% *90'/a 90 87'/2 87% 12% 12% 90 Va 891/4 88% 88% 90% 90 V2 - 1,800 40 89% 1.800 45 100 $3 *111% 113 *111% 113 *111-/8 113 30 #6 ist 1,800 37% 37% 37 37% 37 37 35% 36 28% 28% 28% 28% 28% 28% 28'/a 28 Va *93 95 41 *26 27 *51% *93 95 52 50% 33 33% *95 98% *95 *20 20% 20 23% 32% 24 21% 21% 92 92 *90 92 91 Wi91 60 41 1,100 27 600 40% 40 Va 40 Va 40'A 401/4 40% 26% 40% *26 26'A 26 V4 26 Va 26% *25% 51 49 Va 50 Va 33% 33 *95 98 % 20 4 9'A 49 331/2 98% 33'A ■ 49 48 33% x32 % *95% . $4 21% 20'/a 20% 20 Va 19 Va 20 25 23% 23'/a *23 'A 23% 23 Va 23'/a 400 21% 21% 21% 21% 21% 21% 1,000 94 94 *93 95 93 Va 93% 93 % *93 Va 93% *46 48 *46 48 *45% 47% *45 Va 47 *45% 46 *24 24% 24'A *23% 24 Va 1,100 19% 24% 24% 24 93 23% 19% *19% 19% 19'/a 19% 19 Va 19'/a *61% 63 *61% 63% *61 Va 63 Va *61 % 63 % *61 *16% 16% 16 xl6 16 16'A 16'A 16 43% 43% 48% 15% 48% *91 48% *42% 49 *91 94 42% 102% 44% *43 103% 42% 42% *43 48 93% 103 . 103 93 AND HIGH Saturday t Monday Tuesday Nov. 22 Nov. 24 SALE Nov. 25 per 43 Va 43'A 44 57 56% $ per 16% 16% 43 42% 44 45 143 56% 57 58 98 98 97 Va 97'A *96% 98 63 Va 63 Va 63% *63 13% 13'A 13'/a 10% *27 27% 10 *27 58 Va 57% 58% 58 *116% 117% 116% 116% 116 55 Va 55% 33% 33% 54% 55% 33% 33% *66'/a 68 25'A 25 Va 14'A 14 14 27'/a 58'/a 116 54% 55 33% 34'A *68 25'A 10 Va *25 % 14 100 3.207c 14% 14% *37% 37% 9% 9% 9% 27 57% 58 55% 115% 116 113% 53% 33% 54% 34% 52% 32% 4 27 57'A 115 4,500 100 ■ 1,200 ,</ 1 100 Moline 77c $3.25 10 25 Va *25'/a 25% *25 Va 25% 200 14 Va xl3% 13% 13% 13% 1,400 $2.50 No pax 24% 24% 24% 23% 24% 700 Motor Products 20% 21 21 21 21'A 600 Motor Wheel 19 Va 19% 18% 19% 18% 19% 2,000 Mueller 25% *24% 25 24% 25'/a 24'A 24% 3,000 37'A 37'A *110 Va 111 'A 15 Va 13 Va 37'A 37 Va 37 Va 37% lll'A 37 110'A 15% *105 110V4 lll'A *110 Va 15% 15% *41 42 42 42 *55 57 *55 106i/2 13% 37% 112 *105 13 Va 37 $110'A 106% 13% 37% 112 800 1,900 220 15 Va 15% 15% 15% 15 15% 11,300 42% 43 43 *43 43% 300 *55 57 *06 57 *55 57 Feb 30% Jun 75 Apr 106 Feb 103 25 Deo 70 May 112% May 100% Aug 25 97 % Mar 11 Nov 48% Jan 25 83% Feb 21 107% Feb 7 45% Oct 16 Feb (i 1 30 44 102 69 Jan 56% Jun 17% May 20 25% Feb 21 20 Nov 35% Apr 23 % Nov 25 31 % Feb 8 22 Oct 36 Jun 16% May 19 23% Oct 28 18% Sep 30% Apr 105 % Feb 11 Sep 107% Aug Feb 5 43 Va Oct 57'A Aug 25% Jan 24% Jan 7 20'A Oct 26% Nov 16 5 55% May 17 13% May 20 50 103 18 Oct 35 Va Jun Feb 8 61 Nov 105'/a Jun 19% Jan 28 18 Va Deo 36% 73 6 t 54 Sep Sep 3 97 Dec 102% Oct 30 47% Jan 30 111% Aug 18 39% 104 32% July 52'/a Apr 77 May 110% July Oct 61% Jun Nov 113% Apr $ per share 12% May 19 10 33 Apr 30 29% May 19 136% Jun 18 3 com 100 1 com 10% May 19 6% May 19 47% May 27 97 Nov 17 51 % Apr 16 7 May 19 104 Jan 13 28% Mar 11 _No par 3% May 19 100 11% May 19 32% May 19 20 1.25 No par 5 com A No par Co Lines Year 1946 Range Since January 1 Lowest Highest No par Impl & Apr 108% Mar Deo 3 vtc A 48% Sep 44 Sep 39% Nov 8 Apr 46'A May Sep 23% 6 32 Range for Previous No par $ per Lowest share Oct 18% 21 31% Feb 45% May 24 32 Nov 62 % 6 140 156 Mar 5 Nov 14% 9% Oct 26% Mar 66% Jan 7 Oct 68'A 114% Feb 25 68 Sep 29 45 105 % Apr 8% Oct 8 Oct 14 100 56% Oct 20 28 Feb 3 123 8 Dec 40% 14% Oct 5'A Sep Sep Dec Apr 119% July 60 Deo 18% May 129 Mar 44 May Oct 17% Jan 7 19 Oct 52 Jan 2 42 Dec 70 Apr 137/a Feb 14 11% Dec 23% July 23% Sep 8 49% May 17 110% May 16 Feb 17 28 % Dec 63% Feb 3 43'A 128% Feb 4 111% Sep Sep 135% 64% Feb 8 57% Deo 104 V4 May 34% Oct 11 20 Nov 30"% Apr 50% Sep 62 Jan 27% Oct 20 15% Oct 34% Jan 27% Feb 19 Oct 36 14% Sep 22% Oct 109% 49 May 19 25% Feb 32 67 24 May 16 26% July 9% May 19 14% Nov 45 64 Apr Deo Jun 1 3 17 Jan 3 May 19 No par 103% May 26 5 10 1 35 May 29 Apr 14 100 108 Mar 26 10 50 (F E) & Bros July 10% 51 % Jan 1 com 173 12 24 May 19 8 19% May 19 17% May 19 14% May 19 preferred Oct Feb Jan 14% Feb 20% 1 preferred 10% 15% Nov 52% May 19 No par 5 , Highest fper share Oct 18% Mar 48 10 No par Corp $ per share 45 % Nov 50 com Co Murray Corp of America Myers 204% Nov 10 STOCK Corp Brass 4%% 38% May Jan 65% Jan Munsingwear Inc_____ Murphy Co (GC) common 47c Sep 45% 45% NOV 5 Mfg Co class B preferred $7 _ 42% 56 % 8 47 % Jan Mullins 13% 24% 195 23 103% Mar 3 20% 106% Sep 94 Nov 14 35% May 21 Inc *24% xl3% 48 pfd_10Q 3.907c preferred (John) & Co Motorola Sep Sep Oct 41 Mar 21 43% May 19 1 No par cum Morrell 112% Mar 12% 20 May 20, May 19 1 com Montgomery .Ward _• 19'A *105 Jan 49% Feb Jan Jun 100 Moore-McCormack 67 21 14% 190 56% Feb 44 50 Tool 6,600 *65 25 106% 23 105% Feb 20 3% Co series 9,100 68 21 14% 6 24% Oct 34 30% May 19 98 Nov 10 88% Jun 23 Inc 33'A *66 24% *105 28 1 Inc Chemical Co *19 14% 18 No par preferred 19% 106 Va Jan 31 May 17 46 % May 9 10 21% 14% Mar 14 5 com RR 25% *105 1109 122 Nov 35 24 No par 53% 69 Apr 9 111% July 102% Deo 91 50 M Machine Monsanto Jan 57% Apr preferred series A Monarch Feb 20% 30% May 6 May 26 1 Co Mojud Hosiery Co 1,400 H% 43 Mohawk Carpet Mills 6,700 Jan Deo 11%. Oct Nov 1 Sep 17 8% Feb 8 3'/a ~7% 5% Nov 20 27% Feb 71 Corp *21 '/a 24% 46% May Oct com $6.50 preferred *24% 25 Va Nov Sep Nov 42 No par Power *19 24% 26 25 pfd series A conv 37% 27% 4 42 86 100 Inc Regul *36% *27 Jan 32% Feb 8 24 Minn-Honeywell 14 % % 26% 35% May 19 pfd 14% x9 Oct Jun common SS Mo-Kan-Texas 37 Va *10 27% Apr 12 % Mar 2,200 57 1st & Mission *36 Va 10% *27 57 P 7,500 37'A 37 Va *10 16% 18 13 May 17 Aug Oct 15% Nov 5 626 620 8% 34% Feb Nov Jun 2 118 No par cum St 6,500 14% 1 17 Jun Jun No par 87c 47% 14% 18% Aug 12'A Jan 14% Feb 455 111 Minn 3% 15% Nov 30% May 17% Sep 4 Minneap & St Louis Ry 46% 14% *17% 16 V4 Jan 110 4'/a 15 Va Apr Sep Sep 13% Dec 12% 1 6 Jan 113 1,500 48'A 15% 111% 108% Mar 20 1,200 9% 110 4Va Oct May 15 118'/a 46 Va 106% 41% Jan 111 May 65 142 118% 4 Va 49 141 Minn 4 Va 48 65 ivray 19 No par Minn Min & Mfg 4'A 49% Day 1,300 4VB *q 5 6.000 49 Nov 17 Petroleum 13% 4'A 7 37% 22% May 19 100 Steel Prod 63% 122 76% 97 Miami Copper 13 Va 51% *25 Midland 56% *119 17 May 17 9% May 19 24% Sep 4 Jun 160 Oct Sep preferred Mid-Continent 1,600 9% 121 Jun 42% May Sep Deo 38% Oct Par 3,500 14% 120 32 140 Mar 28 60 Deo Shares 43% 9 % 13 22 Apr 21 Oct 21 Nov 41 152 9'A Co YORK 43 15 Va Jan 45% EXCHANGE 43% 142% x63 Va NEW 1,800 9% 13% 17 _1 Edison 43 Thanksgiving 30% 93% Mesta Machine Co___ 16% *14% 64 Sep 3 Co Transp 16% 142 Va 4% *14 $ per share 9'A 50 Va 68 $ per share 14% 122 14 STOCKS 9 Va 122 Nov 1 preferred Metropolitan Sales for 14% 13% 13% 30 Feb July 108 4 Co Inc cum the Week 57% 64 500 Friday 43 44 122% *67 42% 103 Nov. 28 Thursday 16% 42 13% *58 101 % 99 98 37 Va share 44 121% *36% * 9% *56% 64 *16'/a share 143 15 9'A , per Min Co Nov. 27 Nov. 26 45'A 14% 99% 64 43'A S & & $3.50 PRICES Wednesday 143'A 44 9% *98% 167/a 143'A 15 9 % share 43 45 143% 15 per 16% 17 *16% *142 t share Merch Merck 42% 42% 103 1011/2 100 1,500 93% Deo Jan No par 1st 49 Va *90 ®7 101% Aug 22 26% Oct 14 No par Stores 44 Va 49 VA 93 Va *42% * Mercantile Co Jan 72% 43% May 14 % Nov Corp (The) common conv 32% Oct 50 preferred Mengel 57o Sep Jan Aug 7% May 19 Jun 6 No par preferred 1,300 16'A 24% Jun 31% 197 Nov 39% May 19 90% Nov 6 89% Nov 26 Melville Shoe 3,100 19% Deo 45% 175% Nov 20 No par common 2,500 62 Nov 166 20% j.5 No par Stores 2nd 35 X20 2 Norris Mfg Co 4 % %. 4% Oct Jan 20 No par Robbins *43 Va 48 Va *90 42% 103 19 Va 441/2 48 Va 481/2 42% *101 Va LOW *43V4 441/2 Va *90 70 23% May 7 26% Nov 1947 series__No par Pub & Corp 94 17% 35% Nov 20 Porcupine Mines McLellan Apr Jan 14 63% Jan common Electric Mc-Quay Mead 41 Feb 18% July 23 24% May 27 _1 preferred . 45% 29% Oct 63 14% May 19 39% May 17 • McKesson Aug Dec NOV 64 29% Jan 31 No par com pfd McGraw-Hill Mclntyre 20 120 18% 25% 21% Jan 3 172 Jan 29 21% Mar 14 No par Corp McGraw Dec 99 13 15% Feb 100 No par McCrory Stores Corp com 3%% coriv preferred 4,600 98 21% *23'/a McCall Feb 27 16% Apr 14 11% Nov 20 1 common cum 1,700 33'A 98 V2 *95 500 109 % Feb 4 20 Feb 20 3% Jan 14 Co preferred 28% 4~3~% Ja"n _• *43% 39 Nov 11% May 19 100 pfd 11 % 43 Va 111% *40% cum 12 Va 43V2 111% *28 $3.40 *11% 45 113 38 Stores Mavtag Co 100 19% May 28 6% May 20 jqO. Co $3.75 cum pfd 40 11% 23% 9 100 Electric Dept 26 6 No par $3.75 preferred 330 87'/a *86 preferred (Glenn L) *43% 45 pfd preferred May Mar 12 Nov 1 com Master 7% 31 41% May 19 30%May 19 455 -.5 Mathieson Alkali Wks 20 • 92 89% Co & 1,000 40% 40 Field 2,200 178% 92% 90 24'A 341/e 1TR l/2 41'A *90% 23 Va 33 Va 175Va 34'A 41 12% 23 Va 23'A 175 800 Jan 13% May 17 1 Martin-Parry Corp Masonite ,Corp__ 55'A 34 1 urioj. 54'/a 55 175'/a p% Martin. 20 24 p,, 97 6.25 7,000 55'A 42% 90% est Marshall 7 May 14 17% May 19 50 Corp 14% 20 Va 34% No par 10 Exploration 14'A 54% 178% 100 Corp Midland T\f„rw 14'A 20 *42% 90 % Oil Marathon 3,200 23% Nov 34 5 14% 20% 24 Maracaibo Marine 000 - 8 40 134 No par No par 1,400 25'A Aug 17% Apr 16 156% Nov 14 10 com Bros 4%% 55% 34% 100 Magnavox Co (The) Mahoning Coal RR Co Manati Sugar Co 40 25 1 Inc com^____No par 102 Va 19% *175% Co 7,000 ■ Feb 30 % Jan 24 ,__100 102 Va *54% 35 5,300 '/a % 6~6 28 % Oct A Inc__i 101% 55% 24% 1 ** IS* Forbes 25'A 20% 178% 5% 21'A t Oct 12% May 19 Manhattan Shirt 21'A Apr 43 5 com 4% % pfd series A Madison Square Garden Magma Copper Mandel 12 65% 60% July 14 33,% Nov 10 14 79% Feb 10 102 % *54% 175% 27 series 25 Va * *20 *24 500 1R H) " 14% 20% *34% 11% 71/4 15% 2,300 *25 21% 7'A 9% 5% 21 % 7»/a 1,100 500 11% 27 5% 500 8% 12 27 12% *430 8% 11% *25 12% 500 8% 300 - Nov 10% May 17 37% Dec Aug 29 12% Oct 58 % May 19 preferred 34% *21 '/a 15 % 6% x84 , M MacAndrews & ■4-/4 7% 25% 10 Mack Trucks 5% *101 400 2.200 12% *430 & Sons Inc < j 39 136 *78% *134 53% 21% 26% 1,300 47 Apr 14 24% Aug 25 19% May 17 X48 No par 10 common 4%.% cum pfd Lukens Steel Co 52 5% 101% 22% 13 No par Lo»jens»,Gin. <M) 98% Nov 33% May 27 10% Oct 6 19 3,800 54% % 27 134 7% 26% 1 2,401) 22% 40 134 21% 101% 210% Mar 23% 53% *18% 12% *39 15% 7% Deo 2UV8 *98 23% 7% 21 20% (P) Co 100 9% *11% 183 May 19 No par 55% 100 500 9 39 % % 19% 99 23 136 55 56% *98 22% 39% 40% 136 34% 99 22% 23% 34% 191% July 25 41% 900 Jan May 170 preferred 100 Louisville Gas & Electric A__No par Louisville & Nashville 50 74 Apr 37% 102 20 <%/#» 15% Oct 100 Inc Lorillard 44% May Jan 74% Sep 7% _ Oct 28"% 40% 25% 99 2,100 ■ Nov 83 *23% 24 41 *22% 20% 158 *156% O 4 "4. *98 23% 300 Nov 10 Apr 2 No par com 13 69 21% 43 3 11 40% Oct 28 No par Corp 20% 69 8 10 25 96% Jan No par 12% 69 Feb 59% Feb 29% Mar 15 No par 20 *68% May 16 Highest I per share 78 No par Co Oil May 17 t per share 100 10% 59% 90 5 8 Lowest 25 com Lily Tulip Cup Corp Lima-Hamilton Corp 10% 21% 7 Preferred 59% 32% $ per share No par 174% *41 $ per share Libbey Owens Ford Glass Libby McNeill & Libby Life Savers Corp Liggett & Myers Tobacco 500 ' 43% Highest 2,600 4.800 Year 1946 Lowest No par 10% *21% Range Since January 1 ; Par 59% *88 % Range for Previous STOCK EXCHANGE Lerner Stores Corp 9% 173% NEW 2,300 35% 9% 35 89 174 89% 175 (2223) Sfiaree 18% 35% *89% CHRONICLE the Week 19 % 9% 173% FINANCIAL STOCKS Thursday Nov. 27 35% . & PRICES Wednesday Tuesday Monday Nov. 22 HIGH AND LOW Saturday COMMERCIAL No par 25 Oct 9 3 27% Oct 20 107 % Mar 14 15% Nov 13 40% Feb 10 112 May Mar 28 Jan 29 102 13% Sep 32% Oct 108 % Jun Jun Feb 27% Aug 49 May 114% Jan 9% May 17 37'A Jan 2 15% Nov 24 9% Oct 44% Feb 13 33% Nov 55% Feb 50% Jun 56 29 50 Deo 70 Jun 10 Jan 22 Jan N 18 18 17% 18 17% 17% xl7'A 17%" 16% 17'A *22 23 21% 22% 21% 22% 21% 21% 22 22 *26% 26% 26% 170 26% 26% Nashville 26% 26% 26% 26% 400 National Acme Co 3,000 *10'A 10% 11 10'A 9% 9% 9% 10% 10% 10% 10% 10% 10% 10% 13% 1,700 National 12% Automotive 13'A 13 13 12% 12% 32 32 1,000 National 32 32 31% 31% 600 32% 32% 32 32% 4,900 *31 Va 32% *31% 32'A 174 26'A *9% 9 Va 9'/a 14% *For 172% *25 41% 14% 32% 172% 10 41% 32'A footnotes 9% 32'/a *170 10'/a 32% 177 9% *172'A 177 26'A *25'A 26'A 25'A 25'A 9% 9% 9% 9% 9 Va 9 Va 40% 40% 9 9 Va x8% 14% 14% see 40 14% page 24. 40'A 9 14% *40 8% 14 175 175 300 National Airlines 77c Biscuit Co 8% 9% 4,300 National Can 40% 39% 40'A Cash! Register 8% 8% 14'/a 13% 9 14'A Bond 1,000 National 4,800 Nat 8,100 National & Share Oct 25% Jan 13 23 Oct 62% Jan 30 6 27 Sep 14% Nov 41% May 34% Jan 9% Nov 26 Inc—1 14 4 10 9% May 19 10% May 19 24 Jan 13 27 Jan 13 170 Nov 7 No par Corp 10 Corp No par 1 City Lines Inc Container 7 29% Feb May 19 100 preferred 100 Nat 19% Feb May 24 5 common 25% *25 May 19 19 1 Fibres Corp National Battery Co National 14 21 5 Louis Aviation 32 *13 171 St 100 1 Corp Chatt & 10% 13% *25 Va Nash-Kelvinator 10'A 11 *13 32'A *26 Va 9,900 Co : 1 Jan 16% Jan 6 13 10 20% May Feb 7 16% Feb 21 13% Dec 28% Jan Oct 20 20% Oct 34% Apr 34% Feb 15 25% Oct 33 180 Sep 37% May Jun 27 21% Jun 10 8% May 19 26% Feb 13 22% Oct 205'A 32% 13% Feb 7 9% Nov 21% Feb May 19 42 y2 Nov 8 31 Nov 45% Jan 8% Jun 16 14% Jan 7 13 Oct 24% Aug 15% Oct 15 33 13% Aug 4 187 Nov Apr Apr 20 COMMERCIAL THE (2224) NEW AND LOW Saturday Monday Nov. 22 1 per share Nov. 24 $ HIGH Tuesday SALE t share Nov. 26 $ STOCKS Thursday Nov. 21 Friday Nov. 28 1 per share Range for Previous share per share 141/8 14% 14 Va 14'/4 141/4 141/8 14 Va 2,100 28 % 28% 28 Va 281/4 28 281/4 27% 28 21% 28'/a 4,700 Cylinder Gas Co National Dairy Products 17'/a* 17% 17 'A 17% 17 Va 17% 17 17 161/2 17 1,600 National Dept 21 % 21 Ve 21 21% 20% 21'A 20% 21 20% 20% 43 41% 42'/4 42 42 *42 *41% *41 43% *20% 20% 20% 20% 201/s 203/4 201/4 *101% 102% 101% 101% *101% 102% *101% 34% 35% 35V4 35% *174% 177% 175 >/4 175V4 143 141% 143 35 35 35 34% *174% 176% *174% 176% *142 144 *143»/4 145 *7% 143 8 1 7% 7% 18 18 181/8 18% 1 93% 27 1 27 1 Va 18 1 93% 93% 7% 7% 18 93:»/4 x93 l'/a 201/4 *101% 353/8 176 *141% 7% 17% 1 1 '% 2,200 20'A 2,000 103 353/4 91 263/4 263/4 263/4 26% 26% 953/4 95 95 95% 96 23% 23% 26 3/4, 26% *95Vt 10 7.400 60 6% 953/4 *23% 24 V4 * Nat Mai 6,800 Natl 92 1,600 National 26 3/4 1,800 *231/4 24% 13% 133/a 13% 13% 13 131/4 700 Natl *11% 11% 11% 11% 11% 11% 800 *18% 19 18% 183/4 18% 18% 18 5/a 18% 153/i *15»/4 106 30 100% *28% 100 12% 102 42 42 V4 26 *100 95% 24% - *15 *106 29% 15% 107 29% 29% 100 *99V4 101 % 13 12'/8 12% 102 *100 102 *15 *15 15'/4 *106 107 *106 29% 29% 29% 100 100 113/4 *99V4 12 11 1/2 100% 100% 29% *100 101 11% 102 10 400 120 8,300 20 10 New Jersey Pr & Lt Co 4% 411/4 2.100 Newmont 25'/4 25% 1,700 *93 95% *93 20 25 Ve 4,700 24% 24% 25'/a 25 25V4 40 38% 38% 39% 40 133/a 13% 13 y4 133/e 13 131/4 13 13% 12% 12% 25,700 37% 37% 37 37% 37 37% 371/4 37% 36a4 37% 11,700 N *121 1221/4 119 120 600 15 5/a 151/2 155% 900 N 20 20 200 New 123 122 3/4 121% 121% *120% 15% 15% 15% 15% 15% 15% *20% 21 19'/a 19V8 *19% 20'/4 *19% 20 *50 55 *48 54 *50 55 *48 54% *220 240 *210 240 *210 240 *215 15% *48 ".6% «Gl'o 96 95% 96% *13/2 W 13% 133/a 16 Va 16 16% I6V4 240 *215 16 Ve 15% 15% N 240 153/4 96% 96% 95»/2 97 530 13% 333/g 13 »/4 131/4 13% 1334 500 N Y 93 *223% 24 *35% 92 35% *23'/2 35'/8 92 *91 24 93 *92 93% 233/8 *34 93 23% 23% *23 24 500 34% 23% 35»/8 93 34V2 34% *34% 36 300 80 583/4 *26% 253% 58 27 *26% 27 26 BV* 57% X191/4 193/4 18% 8% 8 »/8 8 1/4 90 88 i/s 88Va *871/4 8 83/a 57'/4 57% 27 *26% 19 *87% 90 *27% 28% 273/a 28% 273/8 21% 193% 19% 19% 19% 193/8 19 5/B *87% 57'/4 2,200 Elec & American 2,800 Gas 93% 13% 92% 93% 93 93% 93% 93% 93% 93% 400 100 100 12 3/8 6,600 22% 22% 221/4 22% 2IV2 22'% 2.200 38V4 38% 37% 37% *371/8 38% 290 Northwestern Telegraph & *32 33 *31% 104 105 7 *6% 7 13% *13% 13% 33 *?2 33 Northwest Airlines Inc 200 Norwalk Tire 300 Norwich Pharmacal 3? 32 3/8 200 Ohio Edison Co *104 13% 104% *13»/2 7 common cumulative preferred—". 13% *6% 7 6% 13% 110% May 106 Deo 113 Oct 50 Apr Sep Oct 45 Jun 13 98 10 108% Jan - 35% May 20 24% May 71 43% Nov 21 30% 32% Feb 7 27 95% 28 9 Apr 19 May 23 230 Nov 24 Oct 109% Jun 102 Feb 3 26 Oct 20 18% Nov 34% Apr 46% Feb 10 36% Oct 69% 13% Oct 35% Jan Jan 26 Sep 61 % May 22% Feb 38% Nov 124 Jun 135 79 Sep 20% Feb 16 % Deo 37 Va 26 Aug 21% Oct 41% May 62% Jan 53% Oct 76 Mav Jun 325 Feb Deo 113% Mar Nov 21 15 % Nov 28 95 17 107 10% May 21 16 290 Sep Feb 20 25% Sep Feb 17 Nov Mar 1 Sep 23 25% Oct 275 102 11% Nov 28% 41% Sep 72% May 23% Oct Feb 20 2 53% Jan 16 56'/a Nov 28 64% Nov 5 26 % Nov 17 30% Sep 17% Nov 28 33% Jan 1 6% May 16 10% Feb 17 No par 13% 13% 43% May Nov 106 28 r<%Jun 22 Sep 109% Aug 103% 6 11% Nov 92% Nov Dec Mar 11 98% Nov Nov Deo Nov 13 20 new pfd $3.60 series 37% *6% 16% 104 25% 23% Nov 100 23 7 Apr 92 34 Oct 100% Aug 19 — 87% Sep x26 Nov 8 28 13 % May 19 17 39% Jan Apr 16% 9% Deo 111 117 Feb May 115% Jan 11 30% Nov 8 22% Feb V 89 Nov 6 102% Feb 17 11 Aug 20 22% Apr 25% Oct 2 45% Jan 2 13% Feb 11 18% Feb 6 16% Oct 36 Jan (Minn)— 13 14 38 106 % Mar 13 Feb 25 Northern Pacific Ry 37% *6 3/4 10 July 25 24 50 22% *13% 18% Feb 107 Nov Northern Central Ry Co Northern Natural Gas Co 4.6% Nov 38 80 l 13% 12 Dec 89 10 233/s 125/8 25% 4 6 100 com new 38% 121/4 28% Nov 32% May 19 12 May 17 18% May 19 Co *23 13 1 Aviation *37% 12 3/s 10 Sep Sep July 13% May 29 105 Feb 13 common Cum 28% Jan Sep Corp— Northern States Pwr Co *92 >/4 75 Feb 2% 101 Va 1% Aug 20 25 American 9,100 2 Nov Feb A Adjustment preferred 19% 41% Western Ry— & North 26% Apr 10% Aug Oct Jan Noblitt-Sparks Industries new__2.50 Nopco Chemical Co 4 North 18% Nov 15 $3.75 cumulative preferred 9,500 x26 6% 20% 32% pfd__100 Shipbldg Corp partic stock 1 12,600 19% 7 31 1% Jan 100 Apr Oct Power & Light 3.90% Y State 83/8 27'/4 173 Hart RR Co— series 18% 193/8 Oct 18% No par RR Co & 5% 8'/4 27'/a *149 17 53 17% 50 28 July 24% Feb No par 50 *26'% 88 207 I8V2 May 19 100 preferred non-cum 19 *871/4 Dec 42% May May 19 11 % May 19 183/8 90 178 24 Va Ma? 19 *26% 81/4 40% 10 Jan 108 % Sep Oct 100 27 8 33 V* Oct Sep 1 common 57% 27 Oct 27 Nov Nov No par New 16% 102 '% 8% Apr Jan Jun 2 35% Nov 26 190 % Sep 167 Jan Jan lOYa 13 No par Dock *571/4 56 V2 20% May 20 preferred series A Norfolk *58V4 Mar 18 York Y New Hav 96% *96 88 City Omnibus Corp Y & Harlem N Y Feb Jun 67% 15 25% Jan 107 31% Nov 14% No par Louis Co St Preferred 3,900 N 93 Y 28 32% Aug 21% 10 Brake Air Y Chic & $5 5434 N 16% York 6% 45% Oct . 13 New York Central *121% Nov 24 Newport News Ship & Dry Dock 241/4 391/4 New 16 19% 10 Mining Corp 24% 900 Jan 6% 3 17% Feb Newport Industries common 4%% preferred 92 3/4 19 Apr 34'/a 29% Jan pfd—100 40 % 26 40 Nov 45% Nov 1 411/4 25 141 Sep 15% 13% Jun common 25% 923/4 31 11% Jan 4%% conv serial preferred—100 Newberry Co (J J) common__No par 3%% preferred 100 New England Elec System 20 41 *39 Oct 30 8 No par Corp 41 1/4 Day 170 Aug 3 38 3 1 26% Thanksgiving 6 23 Jan 20% Jan 23% Oct 25% May 20 No par *26 95 Nov Highest t per share Oct 28 Co x40% *90 99 , $ per share 15 95 100 261/4 95% 30'% May 26 14% May 19 Lowest 21 i Aug 19 74% May 26 21% May 17 No par Co 40 *39 May 19 17% Feb 28 25 42% *421/4 May 16 May 19 May 19 16% May 20 Ref Co Pa— Neisner Bros Inc 15% 107 13 '/4 27'% 14% 17% No par Corp Vulcanized Fibre Nehi J per share No par 26 26 *93 153/4 106 2,200" Corp Co ex-dist Co Tea Natomas __ *100 National 243/a 133/a 11% 107 100 200 100 100 1 Supply (The) preferred 133/a *231/4 10 4%% 18% 15 % *29% 233/4 Steel National Sugar 70 *11% 13% 18% *106 23% 96 Cast Lt & 1 No par A B_ Stl & Power No par common Service Linen National 2,800 12 13 V4 *11% * *95 Co preferred preferred 1,900 Natl *95'% Lead National 143 l'/a No par & Enam 7% 7 '/a No par 5 Stamping National Gypsum Co com $4.50 conv preferred Nat 270 18 1 Stores National Distillers Prod 176 1 92% 92% 43 7% 18 »/4 7% 18 93 19% 102 12.500 National Highest $ per share Par Shares per Sper share Year 1946 Lowest EXCHANGE 14Va per Range Since January I STOCK NEW YORK Sales for the Week 14V» *14 Monday, December 1, 1947 RECORD STOCK PRICES Wednesday Nov. 25 YORK CHRONICLE & FINANCIAL 10 25 50 Rubber. No par Co 2.5o 19% Aug 20 Jun 12 6% May 16 12% Oct 2 33 96% Deo 104% Nov 18% Nov 56% JaD 6 44 Oct 9 Nov 19% May Deo 25 16% 55% Jan May O 27 »/8 *19'/4 *104 271/a 19% 253/8 101 27 *19Va 253/8 243/4 101 10% 1001/8 *193/4 201/a 31 149 100 105 104% 271/4 19% 104% 27 26% *19'/s 193/4 *32 32% 105 104 70 *19 27 26 V2 27 19% 26% 19'% 19% 100 25% 241/4 24% 24V4 245/8 100% IOOV4 IOOV4 99% 99% 24 *98'% 12,300 24'% 2,400 99% 410 103% 1,400 4.40% Ohio Oliver Corp 4% % 18 108% Jun 27% Nov 6 19% Feb 29% July 21 Sep 22% Jun 6 86 May 7 15% Sep 30 118 No par Oklohoma Gas 4% Elec & pfd 20 No par common convertible preferred (The) common 100 10% 10 Va 10% lO'/s 10% IOOVb 100% 100% 100% 100% 20 20% 20 >/4 201/4 20'/4 201/4 *20 »/4 203% 1,200 Oppenheim Collins A..100 lo 31 30% 31 30 »/4 311/8 30 301/4 30% 30% 3,200 Otis No par 152 150% *150% 151% *20 5/8 150% 21 73 22 *21 90 *84 5/» *21 *84% 90 *86 73 72 73 73 LOW 10 Va *100 90 AND *86 HIGH 71 SALE 153 100 21 21 100 *86 90 68 70 713/4 Monday Tuesday Wednesday Nov. 24 Nov. 25 Nov. 26 per share I per share Omnibus Elevator 6% f per preferred! 100 & Mfg 2.50 Co No par Owens-Illinois Glass Co 12.50 31% Apr 103% Oct 21 Apr 19 Nov 17% May 24 149V* 19% 84 68 19 38 22 July 23 Thursday NEW Sales tor Friday Nov. 28 f per share I per share the Week YORK 112 15 18 % Nov 36 Jun Feb 17 99 % Oct *119% Jan 13% Feb 4 10 % NOV 17% JaD Feb 9 X113 Sep 28% Feb 18 25 Deo 51% May 19 33% Feb 18 26 Oct 39% 158 Sep May Oct May Aug 24 163% Jan 18 15 28 28 % Feb 8 93 Jan 4 Nov 28 80 July 25 19% Deo 86% Oct 69% Nov 120 35 Lowest Lowest Shares Par Highest J per J per share share Feb Jun 111% May 100 Apr * Year 1946 Range Since January 1 STOCK Feb 180% May Range for Previous EXCHANGE Jan 26% Oct 107 STOCKS Nov. 27 share preferred common Outboard Marine Outlet 1,900 Corp convertible 8% PRICES Nov. 22 t 120 *149 150% Saturday t per share 102 90 *21 72% *10'/a *100% 22 1501/2 22 10 '/4 102 37% Nov 9 111% Feb 100 Co 30% Bap Jan 3 14 12 17 97 Jun 11 7% May 7 8 common preferred Oil I per share Highest I per share P *14% 15 15 15 15V4 15 % 15% 13 13 *12 14 *13 14 14 14 *13 14 *65 69 *65 69 *75 69 69 *68 68% 39 *37 39 "21 *37 143/4 *65'% 1534 15% 700 20 Pacific Amer Fisheries Inc Pacific Coast Co S 10 common— Jan 3 46% Oct 17 24 Dec 48 3 36% Oct 473/4 Jun No par 43% Jan 62% Jan 18 26 11 64% Sep 67 Va No par 25% May 19 39% Feb 19 129% Jan 2 28% Oct 122% Oct 8 164 Deo 5 Oct 35 35'% 7,000 SO3/, 50% 50% 800 Pacific *38 383/4 38 % 38% 33 38% *37% 38% 34'% 34% 700 Pacific Mills 94% 94% 94% 94 94 93% 93% 93'/4 93% 300 Pacific Telep & Teleg common—100 143% 4% 145% 144% 143% 20 43% 4'% 4% 4'% 4'% 2,900 52% 52% 523/4 5°3/4 52 34 3,500 5 4:% 4% 4% 4% 18,100 Packard 9'% 8% 9'% 8% 9 17,700 Pan *15% 163/4 5 4% 9% 9% 9 9% 8% 16% 15% 53% *101% 16% 53% 53% *75 80 *103 105 223/4 101 6% 76% *103 22% *43% x53 101 % 6% 7% 5334 101% 102 *6'% 22% 44 *43% 145 41% 52% 4% 163/4 *143% 4% 5 *16 144% Lighting 52% 4'% 52 6 5% 76% 105% 77% ' 103 16 53'% 102 65% 77% 105% 53 53% *101 102% 6% 77% 103 6% 78 103 Day *15i% 523/4 101 6% 77'% 103 16 3/4 53 102 % 63/4 79% 103 300 2,500 10 2,700 800 100 6% preferred 100 Pacific Tin Consolidated Corp Western Oil Corp Motor Pan-American Petrol & Panhandle Paraffine 4% x22'% 22 % 22'% 22% 21% 223% 44% *43'% 44'% 43 43'/4 *42% 43'% 300 23% 6,100 Park 3,500 Parke Prod Cos Inc convertible 2'/4 23/a 2'A 23% 2% 34% 35'/4 351/4 351/4 34% 35 *29% 30% 291/2 29% *293/e 30% 29% 293% 300 7% 734 73/» 7% 8 8'% 8'% 1,000 Parmelee 9% 9% 95% 93/4 95% 9%4 9'/4 9% 2,100 Patino Mines & Enterprises 37% 375/8 *35 353/4 353/a 35% 35% 35'% 800 42 % 42 3/4 43 43'/4 43 43 43'/4 7% 10 373% 37¥4 43 43 6'% 6% 143% 143/4 18% 18% "v *333% *108% 6% *14 18 35% 110 19% *333^ *108% 193% 19% 6 5% 6% I434 14 18 xl7% 35% *33% * 110 19% 108% 19'/4 8 Consolidated 43 % 2.100 Penney 63/, 6% 6% 2,200 Penn-Central 133/4 13% 13 3/4 800 17% 173,4 17% 17'% 173/4 2,100 35% 19 V4 16% 16% 16% 16% 16'% 16% 45% 45 % 45% 45% 45 45 33 *108% 1834 33% 110 19'% *31 108% 33 Penn Penn 5% Airlines Coke & Cement Glass Sand Corp Corp Co Oct 20% Apr 37% Jan 100 & 1 No par No par 1 10 7 100 Light Co 183/4 15,900 16'% 16% 16 16% 34,100 Pennsylvania RR X44 'A 44'% 44 44 114% 114% No par 50 54 *523/4 5434 54 54 *53 55 *53 54% 200 89 90% 90% 90 V2 90 90 *89V4 91 *89 >/4 90 700 11% *9% 11% 9S% 9% 81/2 9% 8% 8% 800 Peoria & Eastern Ry Co 25 25 25% 24% 25V4 24% 25'% x23% 243/4 35,900 *31% 33 25 *32% *105 33% 107 *31% *105 33 32 »/4 107 *105 115% 32% 107 *32 33 *105 107 *10% 10% 10% 10% 103% 103% 10 3% 10% *15% 16 *15% 15% 15% 155% .15% 15% *49% 50 49% 49% 48 49 ! 47% 473% x441/2 53% 53% 51% *101% 101% 101% *For footnotes see 443/4 46 53 52 101 % page 24. 101% 46 48 45% 483% 46'% 523/4 52 52 101% xlOO 100 113% 105 10'A 113% 105 340 500 30 IOV4 2,000 15% 800 47'% 4734 2,900 44% 45% 12,400 52 52% 660 OO 100 *15 *993/4 Pepsi-Cola Co Pet Milk 4%% Co 2nd Petroleum common preferred Corp of America Pfeifler Brewing Co Pfizer (Chas) & Co Inc 100 33 %c 5% Jan 13 58% Jun 10 Nov 26 20% Sep 9 103 37 8 Sep 2«A May 17 34% M^y 7 28% May 20 7 Va Sep 24 Nov 12 Mar 24 9% Feb 7 79% Feb IB 109 July 32% Jan 63% Jan 100 4% 56 Deo Deo Sep Apr Apr 14% Jan 90% Apr 8 105 % Oct 2 273/4 Oct May 39% July 4 62 Not 82 4% Jan 6 3% Sep Jan 9 35% Jan 34% Feb 21 26 14% Feb 11 43 66% 111 110 7% Apr Jan Oct 48% May 35% Aug 12 Oct 22% 11% Deo 24% Jan Jun 48% Feb 11 40% Not 57% 6% July 15% Jan 4 12% Deo 45% Jan 7 16% Oct 20 6% Oct 16% 1 Apr 15 13% May 19 29 Sep 25 107% May 20 18% May 17 16 May 19 5 81% Jun 6 No par May 1° x23% Nov 1—100 5 1 28 47 23 No par Nov 38 May 13 113% Nov 28 105 Corp. 25 Philadelphia Co 6% preferred—..50 preferred 109 No par Phelps-Dodge $6 55 24 38% Nov 20 54 *10% 115 13 32% Sep 11 383% May 27 115 116 40 V4 Jan 101 % Nov July 18 5 Pennsylvania Salt Mfg Co com___l0 3%s series A preferred 100 Peoples Drug Stores Inc 5 Peoples G L & Coke (Chic) 100 *115 18 15% Mar 91 115 900 May 13 8% May 19 Corp com—No par preferred Power Penn 18 % Jan 13 13 No par (J C) Co— Coal Penn-Dixie 200 no 27 2.50 Penick & Ford 6 5% no Feb Deo No par Transportation 13% 63/4 Apr 12% 2Va 11% Mines Co Parker Rust Proof Co 14 34% Oct 21 il 2% 353/4 30 18% Nov 14% Feb Park & Tilford Inc 2% *9% 13 20 28 1 35% & Feb 83/4 Nov Inc 2 3% Davis Feb 7 593A Oct 5% common..No par 35% Utah 168 13 preferred Pictures Paramount 28 3% May 16 213/4 Jan 10 73/4 Feb r-100 Refining—1 1 & 143 % Nov Jun 48 Apr 160% Jun 181% July 11% Feb 4 Panhandle East Pipe L com..No par preferred Aug 25 4% Sep Transp—5 35% *29% *7% lo Airways Corp 2% . 11 91 Mar No par Car American 23 31,400 Corp Pacific 4% 10% 34% Jun 35% 50% *144 Sep 24 50% Nov 40 35'% 52% 43% 25% July 86% Mar 24 39% 35% 525% 54 Nov 16 25 40 35 5 4 3/8 146 Deo 49 No par 40 36% 54% 53% 12% 17 2nd preferred non-cum Pacific Gas & Electric 39 35% 55% *4% 1 Oct Jan 36% *144 Feb 80 50 36% 94'% 19% Jan 19 16 May 28 No par preferred *54% 40 Oct 9% May 19 10 non-cum 1st 28 May 13 Feb 5 24% Feb 27 36 Apr 16 117 Jan 29 22 Jan 6 17% Sep 28% 110 20% Jun Feb 303/4 Jan Feb 373/4 Aug Jan 115% July 27% Jan Sep 9 25 Sep 47% Feb 51% Jan 6 37% Not 51% Deo 118% Sen 2 26% Feb 55% Nov 21 101 Va Feb 13 Feb 3 22 34 % July 25 43 Jan 68 May 86 % Nov 115 Apr 14 Oct 51% Jan 21% Sep 40% Jan 4 28% 108% Jun 2 105% Sep Sep 8% 34 Jan 43 % Mar 109 Mar Deo 14% Oct 8 13 62% Jan 2 35% Apr Jan 80 May 14 51% Nov 24 48 3/s Nov 21 29% Sep X48 *98 Va May 28 109% Aug 8% MBV 17 13% Jun 37 9 May 14 36% Apr 11% Ji»lv 2B 18 59 Mar 20 6 51 % 107 16% Aor Fab Deo 76% May Jan Dec 117% Jan Volume 166 THE Number 4651 LOW AND SALE HIGH Saturday Monday Nov. 24 Nov. 25 f per thare 2 23 % l/2 23% ?'»% 23'/a 1 per share 23% x22% 27'ft •27 27% *27 x26% Salei for the Week I pershare I per thare 113 113 112'ft 113 113% 113'% 103 103 103 102 Va 102'% 102 102 14% *14% 14% 35 14% 90 14% 35% 34% 14% 35% x32 'ft 90 90 *88% 2<: 3» 2f'% 96% 96% *95 *y0 26% 26% 26% 6,900 95% 95% 400 *90 *30 89% 90 90 55% 54% 54% 54'ft 54% l'ft 1 15 14 94 1 1 I,'* 14 *90 30% *13 35% 34% 34% 34'ft 101% 101% 101% 16% 93% 31% 31% 31 31% 25% 26 26% 26% 16 *92% 900 90 130 55% 1% 13% STOCK EXCHANGE CLOSED 33% 33% *101 16 16 16 93 %* 92 92% 55% 54% 1%. ny* 16'ft 15% 357,300 : 34 — 14%, 93'ft 74.600 100 101 101 *95 *92 <■ 15 *13 *33% 101 % *95 *95 16% 33 *13 34% 101% 31% *88% liV V.f 102 % *92% 94 *90 30% 92% 54% 14% *34% *95 94 30 •88% *101% *90 Philco 20 27'ft 94 *92 .300 120 2,600 26 *165 168 ♦165 169 37% 38'ft 37% 10 10'ft x9% 9'% 9% 13 12'% 12% *12% *76% 78 13% *76 15% *140 155 15 *140 38% 37% *126 90 to 78 77% 17% 17 *140 79 17% 17% 155 34 32 % 33 32% 33 11 10% 10% 10'% 10% 38% 3,700 9% 6,800 12% 800 _ 88 88% 570 80 78% 80 250 19% *140 •33 — 9% 90 78 — 20 12'ft * *126 89 % *10% *25% 33% 9% *126 &)'% 155 39 — 17% 19% 10,300 25 100 15 15 15 13 '/a 14 3 4 13 Va 13% 13% 13% 2,700 "Regular 14% 13''a 14 "4 12% 13'/2 12% 13% 12% 13 'ft 9,200 Common when 10 '» 10'2 10% 10 »/4 10Va 10% 10% 10'ft 10% Pres&eu Steel •35 "b 3,200 36 35 % 351/a •34% 35% 200 •68 % 69 68% 69Va 69 Va 69% 69% 1,200 22% 22% 3,000 Publicker 14% 14 34 % 1,800 14 'ft ' 2,200 33 >2 33'/a 21 1/8 21 104 23'/» 23 90 Va •90 33 331/2 33 V4 20 20 '/a X20 % 8 va 103 % 102 102% 111 111% 111 1/4 11134 121 118'a 1191/4 118 »/4 135 135 134 '4 & Poor Co 116 113 1/4 55 "2 55% 55 Va 24V4 107 3 4 107 27'a 27 33'ft 1,600 Public 20'ft 8,200 Pub 130 340 134 134 133'/4 133',4 133 133 270 113 112 112 112% 120 53 "2 54% 53'ft 54 3,800 24 V4 24% 24% 24% 6,600 1071/4 27 Va 54 24% 1071/4 107% 107% •27 103 •10734 28 27 27 V, 23 . 23 No par Inc of Co Corp of 5 com No par com 210 I 30 Sep 42% Feb May Mar . 48% Jan 10ytNov21 7% Dec 14 Jan 14% Oct 9% Oct 22% Feb 140 15 Oct 1 103 Oct 93% Oct 11 59 Nov 84% Sep 18 19% Nov 26 200 Jan 23 38% Oct 28 141 Feb 96% 68'% Dec 92 12% Jun 34% Oct May Jan 200 Nov 13 Oct 31% 12% Nov 22 30 19 Oct 29% Aug 35'/a Oct 27 20% Sep 25 Oct 19% Oct 22 14% Oct 27% Feb 200 Nov Jun July 16 Feb 13 11% Nov 43 Feb 17 38 Dec 63% Feb 7j. 'ft Nov 3 53 Oct 71% Apr 32% Jan 2 32 Nov 67 13 98% Dec 31 Sep 17% 102% Feb 38% Jan 2 25'/a Feb 21 111 130 No par preferred 100 600 Purity Bakeries Corp No par 237/8 300 Quaker State Oil Refining Corp__10 conv Nov Feb 202 200 Nov 25 preferred 5% July 2 30'% May 19 Pub Serv Elec & Gas pfd $5__No par Pullman Inc No par Pure Oil (The) common No par 500 197 Jan 20 27 27 Aug 22 203 No par Colorado N J May 20 15% May 17 x90 127 118% 4 May 19 100 118% 241/4 34 57 preferred 118'/a x53 3 50 8% 6% 169 Feb 14% Nov 21 May 17 117 670 30 106 15'ft Nov 21 25 a 100 111 26% May Dec 12% Nov 1 com 7% 110% *112 Inc 100 1113, 118 Va Nov 13'ft Nov 26 21 preferred preferred 111'A 118 Dec 17% 11% May 17 Sep 20 Nov 28 100'ft Nov 28 109 Nov 17 $5 102 89% xl6% 26'ft Oct dist preferred cum Service Feb com Co Car Feb 15% 21 10 Co Sep May au 1 B Pwr Industries Cerv May 15 Mar 29 Nov 26% Feb Apr 19 19% May 19 preerred series A $4.75 570 107 'A •27 33 20 101% 247 b •107 90'/a 33 % 20-a 100 % 55 % 24'a *90 •112 114 24'/2 91 class Elec 4'%% 102% 134 Va •114 *35 69% 23 Va 111 ''4 111 14 •119 % 38 69% x90 33'/2 21 3 •35 103 Va 32 Dec 110 136 Oct 7% j-tv, .)«n Pond Creek Pocahontas Potomac 21 % 102 36 Sep Sep 102% 123 No par Procter & Gamble 34% 14% 29% 19 22 Way" 8 10% 25 34% Feb 10 15% 25 1 16% Oct 23 2 5 25 34% 171 Feb 38% Juiy24 108 23 17% May 19 165 Aug 1 163% Nov 17 32 y4 Apr 21 7 May 19 8Va May 19 114 Apr 22 59y4Mayl7 67 Jan 13 IOV2 May 19 Plymouth Oil Co 15 33 % 91 Sep I8V4 Jan --1 1,000 15% 23 «/4 May 16 25'ft 15 •103 10 106'% Aug lft Nov 19 18 __ 10 15% 24 Jan 17'ft May 16 *15% 92 41~ 1 35 23'2 Dec 5 25 'ft 92 Jan 16% Nov 24 Plough Inc 35 24 73% Pittston Co 25 93 Feb 1,800 35 24 Nov 49 1,000 25 % •92 Jan 89 63% July 14 10 25% 69% 36 Dec 32% 34% '36 Oct 84 10 34 % 14 3 20% — preferred—No par 26 15 96% Dec Juiyao 1 Pitts Coke & Chem Co com—No par 34'/2 ' Mar—5 Nov 28 12 Jun 10 30% Apr 28 101 Nov 28 No par (The) Jan Jun 33 32 _ 71 112 93 *140 _ Sep Dec 101 21 17 10'% 155 33% 104% Nov 33 10 Sep 18 25 Jan 155 *32% Feu Apr 29 50% Mar 15 Pitts Consolidation Coal Co 168 43% Jan 92 Pittsburgh Forgings Co 1 Pitts Ft Wayne & Chic Ry com—lOO 7% preferred 100 Pittsburgh Plate Glass Co 10 Pittsburgh Screw & Bolt No par Pittsburgh Steel Co com No par 7% preferred class B 100 5% preferred class A 100 5'%% 1st ser conv prior pfd—100 Pittsburgh & West Virginia 100 Pittsburgh Young & Ash pld 100 165 109. 81 50 165 16% Oct 21 5 Louis RR May 23 26% May 19 95% Nov 28 1,600 *145 91 Jan 102 3,200 168 90 Feb 47 Dec 30% 165 *126 19% Dec 26'ft *145 n Oct 89 93% *163'% 90 % 11% 20% — - convertible July May 109% Aug 12 15 29% 165 *126 ' preferred $5 34 122 98% Mar 1? ;_No par Hosiery C & St 5 Dec Dec 35% Nov 24 100 Pillsbury Mills Inc common $4 Nov 30% May Sep 27% 116 10% May 19 Jan 16 *25'ft 168 *12% Rights 29% Jan 21 120% Aug 12 I perthare 21 26% *145 13 preferred Phillips Petroleum— Phoenix 24% 89 30% *163% 10% cumulative . Highest J per share 2 3 Philip Morris & Co Ltd common—5 4% preferred 100 3.60 series preferred 100 Phillips Jones Corp com No par 5% $ per thare 27V4Jan 100 common preferred series A 26 168 38% 1 Coal & Iron Lowest Nov 21 102 30% 165 13 22% Nov 28 25% Nov 28 30% *163% 10 No par 112 Year 1946 Highest t per share 26% x30'/2 *145 38'ft Corn 3%% Pitts C — 15'ft Lowest common Phila & Reading 5,900 96'% 30% lift 2,200 26% 89% *14 14% 90 96% *30 Range Since January 1 $1 preference common—.—No par 4.4% preferred 100 3.8% preferred 100 32% *88 27 *90 Co 400 96% 30% Electric 102'/a 26% 90 Phlla 100 96% 94 54% 1,800 27 *88'ft . 14% Range for Previous STOCK Par 114 96% *2P'ft YORK EXCHANGE 14% 91 14% NEW 31% 32% 90 *88% 8,100 25% 25% 114 *101% 35 35 % *88 % (2225)' Sharet 23% 22% 26 3 4 113% *102'ft 27'ft CHRONICLE STOCKS Friday Nov. 28 23% *112 27% FINANCIAL Nov. 27 Thursday Nov. 3(i 1 per share 1 per share & PRICES Wednesday Tuesday Nov. 22 COMMERCIAL May 28 Jan 2 110% Jun 24 5I'ftMayl9 21'ftMayl9 106'ft Oct 6 25 May 19 30 Feb May 105% May 41 July Oct 30% Jun 5 103 Sep Sep 114% Aug 115% Jan 120'ftJulyl7 108 126 Jan Aug Aug 18 139% May 146'/2 July 114'ft Feb 9 119% Jun 150 8 112 Nov 117% Feb 61'/2 Feb 3 Sep 69% Jan 28% July 25 109'ftJan 17 36y2 Feb 4 24'ft Nov 24 47% 19% Feb Jan 28% May 115% Jun 107 Oct 30 Sep 38% Feb 25% Aug Feb Q 23 'ft 24 Va 24'a 24 'A 23 7 b •23 •23 v 20 Mar 14 19% 4V R 10 10% *70 70 % 70 % 70% 70 70 69 3 4 €9% 70 -/O 10% 1078 11 10% 10% 10 3 4 10% 10% 10% 96% 96 % 95% 95% *95 % 96% 110 35 % *33% 35'ft 100 29% 30% 7,100 36% 36% 1,400 17% 2,600 45'ft 100 10% *96% 98 % *34% 10 35% 30 3 *35 10% 10 9% *95 % 35% 9% 98 35 35 *34 10 8 30% 30 % 30% 30% 3 l'ft 30% 30% *36% 36% 36% 36% 36% 36% 36'% 36% 17'ft 17% 44 % 44 % *44 35 *33% 35 12% *13 13% 17% 17% 17% 17% *43% 45 % *43% 45'ft *33% 35 *33% 35 *13% 13% 100 105 13% *100 13% *13% 13% *33 % 13% 12% 105 *100 13% *13% 15 *13% 25% *24% 12% *12 *12 12% 12 65 65 65 14% 14% 14'ft 14% 97 % *96% 97% 32% 32% *96 32% AND Tuesday Nov. 24 Nov. 25 I per share 7% 4% 77a I per share 7% 7% 7% 4% 4% 11% *10% 11% 11 11 27'ft 27% 27% 27% 26% 27% *10.9% 110 % *109% 110% 109 'ft 20% 20% 20% 102 101% 7 6% *25 6% 25% *102 24% 104 103 4% 4% 21 20'ft 101% *100'ft 7 4'ft 109'ft 20% 102 SALE 97 'ft Wednesday J per share 7% 4 108;% 102% 108% 20'ft 3,400 101'ft 6% 26 104 'ft *94% 10% 96 27% 27% *26 % 27'ft 26 26 *25% 26% *6% 6% 6 % 6'ft *6 • EXCHANGE CLOSED 6% 6% 16,700 25% 25 Va 2,700 *102 105 230 10 10% 300 40 40'ft 5,100 49% *94'ft 21% 15% *26 49% 170 *6 6'ft 800 20'/a 4,200 22% 22% 300 64 65% 1,400 18 18% 900 42 '/a 43 1,400 St 7% 8 7,300 29% 30 2,400 10% 10% 10% 10'ft 10% 91 90% 90% 91 91 8 8 10 *90% 21 21% 21 21% 21 *111 112% 111 111'ft *111 29% 10% 91 9% 10% 13,400 90% 90% 70 4,600 21% 20% 20% 112% 9% 9% 9% 9% U21/4 9 'ft 112 Va 9'ft 9'ft 40 35'a 35% 34% 35% 33% 9% 34% 9'% 33% 34% 3,000 44 44'ft 44'/a X43% 43% 96% 96% *96 96% 96% *96 96% .'*96 ' *96 13% *93 96% *96 96% 96% *96 96% 13% 14 *93 94 *96 14 13% 94 *93 47 14% 14% 14% 14% 47 47% 47'ft 46% 18 5 8 •:14 'ft 19% *18% 14 94 14% 47 43% 13% *93 43% 13% 94 33 34 43V2 431/2 96% 96% •96 13'/a •93 14,100 500 70 96% 13% 38'ft 38% 37% 38 Va 5% 37% 37% 5% 600 37% 38 11% 11% HVa 7% 11% 37'/4 11% 11% 7% 11% 37% 11% 11% 15,500 IIV2 12 29% 29% •29% 29% 29 29% 28% 35% 35% *35% 36 • 35 .,35% a.sre 1 . 24. ? 35% 7% 11% 2 26% Dec 45 V* 14'% Nov 74 Dec 101 Apr 105% 27% May May Aug 11 Jan 2 100 Oct 33% Oct 15 20 Oct Apr 34% July Year 1946 f per share 4% May 19 Lowest Nov 7 Dec 17% Oct 21% Feb Oct 40% Feb 7 17 8% Feb 3 18 15% Feb 4 13% 22% May 19 109'% Nov 25 30% Feb 21 24 Vb 113% May 28 24% Feb 16 107'% 14 May 19 99% Nov 13 6% Nov 26 Apr 7 18 97 24% Oct 118 Sep Sep 110'/a Apr Feb Apr 31% May Jan 11% Feb 8 9% Oct 18% May 9 39 Jan 2 24% 45% May 27 May 19 124 Jan 28 105'ft Sep Sep 19% Jun 90 9 110 # perthare 7% 9% Jan Nov 10% Nov 4 Highest S per share May 29 16% Feb 12% 36% 136 Nov 44% Feb Sep; , i, Jan Jan 28% Feb 46% Jun 50 Feb 43 Feb 104 Feb 100 Nov 25% Feb 19 Dec 38 17% Aug 12% Oct 20% May 31 25 Oct 44 Oct 13% Apr Feb Jun Feb 5% Sep 18% Nov 9 10% Mar 31 7 20% Nov 19% Sep 4 42% May 19 6'/a ; 50% July Feb 108% Jun 24 24% Oct 21 17 Oct 30% 68% Oct 20 40% Sep 26 V« Feb 21 21% Oct 65 May 34% Jan 10 40 Jun 65% Jan 12% Jan 2 64 St L-San F Ry Co com v t c__No par Preferred series A 5% 100 St Regis Paper Co common 5 18 No par Joseph Lead 1st pfd 4.40% Safeway Stores 5% series A 7% 11 •104 2,600 100 5 common preferred 100 Savage Arms Corp__ Schenley Distillers Corp Scott Paper Co $3.40 cum 5% 12% Dec Aug 8 Dec 33 Dec Oct 22 22 Nov Jun 30 12 90% Oct 30 20'ft May 19 110% Nov 18 26'ft July 17 4 Sep 9% Nov 18 Jan 53 Nov 100 7 42 Oct 61 Aug July 2 100 1.75 23 % May 17 65% Jan 2 No par 49 V8 Jan 103% Sep pfd__100 41% Mar 14 96 Nov 21 96V4 Jan 3 common—5 13% Nov 28 18 'ft Jan 24% Feb Feb cumulative preferred 102'ft July 9ft% Mar 34% May 110% 114% Mar 8 No par May 98% July 24 9 116 Mar Dec 110% Jun 95% Dec 102'ft Nov 13 17'% Jan 42 Sep Sep 37% 13 77% Feb 23" Oct" 39% Apr 9 20 3 v t c__No par Jun 26 11% May 19 preferred series A 100 39% May 17 55 1 18% Nov 24 19% Nov 24 23 35% Oct 23 com Co of Del No par 90 5 Sears Roebuck & Co Seeger 100 Refrigerator Co Mar 8 5% May 17 No par 30% May 19 Oct 5 11 7% 700 Seiberling Rubber Co 1 3,000 Servel Inc common.. 1 7% Nov 21 10% May 19 30 Dec May 19 11% 105 Sep 11% 30'/a 11% Feb cum (The) 45 2 33 7'ft May 19 preferred Elec Co 9 5% May 19 5 common Seagrave Corp 6 105 Inc 1 Seaboard Oil Co *5% 7% 17 102 t per share 36% May 20 5 900 6'ft 1 Wks (The) 35'A 6'ft *5% •34 *5% 11% 18 Nov 28 Co Seaboard Finance •18'/a *104 8 84% Feb Highest 10 (Jacob) 600 18'ft 34'ft 104% 17% Feb 18 Ruberoid '18% *18'ft X34% 104 100 1 Royal Typewriter Ruppert 3.35% 18% 11% Metal 1,900 35 *7% Art 2,400 34% 7% Ronson Seaboard Air Line 94 34% 12 12 13 13% Jan 16 23% May 16 14% 103% Nov 14 Scranton 34% 12 Sep 24 18 48% 103% No par com Scovili Mfg Co 3.65% 34% 7% 14 96 24% Jan Nov 14 >/8 12% 13 Apr 47% 103% 29% Feb 19 14% *101 Va Oct 20% May 21 11% Sep 4 64 % NO v 20 95 48 :,!12'/a Feb 16% 26 45 3.60% 3,500 34% *7% 2.50 Co 14% 5% No par com 100 47 5% 112% Dec S 9'a ,44 10 Oil Corp —No par Ritter Company No par Roan Antelope Copper Mines 19% 43 1 50c preferred Richfield 20 7% Nov Sep 12% 14% Nov 1 600 66 297 15 99 26 14% Nov 10 4,100 20% 42% 1 11 100 16% Feb 4 18% Feb 108% Mar 16'ft Feb series 26'ft 6% 19 8 14 May 16 Manufacturing Co Preferred Rheem 65% 30% Apr Oct 33% Range for Previous preferred 1,500 19% 44 31 9% May 17 96 11 prior pfd series A—100 conv 21% 67% 7'% Jan July 14 Lowest Common 96 66% 30 46% 9 Range Since January 1 5%% convertible preferred Reynolds Spring Reynolds (R J) Tob class B *19'ft 43 Oct STOCK YORK Drug Inc Reynolds Metals 19% 8'ft 36% 100 Rexall 65% 30'ft 21% 21% *110%. 112 STOCK 6% 23 44% 39 1 convertible 5'ft % 20% 8 6 Revere Copper & Brass com—No par *22% 30 Nov 25 Republic Steel Corp 20% 8% *90% 6 $1 22% 30% Jun 33 10 Republic Aviation Corp Republic Pictures common *22'.ft 8% 53'% Par 70 15% 30'2 Sep Sep EXCHANGE 100 20 22 10% *108 *100 15% 44'ft 3,200 20% 22 45 4 101% 20 Va 101 16 *44 3,200 13,000 22 65% 7% 27'ft 15% *19% 7% x26% *107% pfd Motors Inc NEW 100 21% 19 % 40 50c Shares 11'/a 16 67 < per share 4 22 19 % Reo Sales for *11 *15% *65% 48% July 25 5 common prior the Week 4% 16 20 I per thare Friday Nov. 28"' 11% 21% 23'ft 39 3 50 $4.50 preferred 700 27% 16 20% 7,100 27 21% 23 32% *11 50 20% Nov 16% Mar STOCKS Thursday 7% 50 20% 32% Nov. 27 40 6% 32'% 22% July 25 41 Co— & PRICES 39% 96 35% Jun 16% May 17 50c 14'ft *96 32% *10% *94 14 25 50 Remington-Rand common 14 97% 14'ft 11 96 38'/2 Feb May Apr 50 No par 40 22 33 No- par 39% *95 Sep Reliable Stores Corp *10% 50 17% Reliance. Mfg Co> common Conv pfd 3'/2% series 10% 50 19 30 25% 50 Feb 31% Nov 200 32 % Apr 17% May 19 100 $1.25 div 100% 1 «. Preferred (Robt) 105% Mar 1 Feb 200 *96 - 26 Jan 96'ft Mar 49% 12 26 *49% Hosiery 95% Nov 19 112% Reeves Bros Inc 13% 28 Va Nov Dec 65 40'ft 23% 900 105 Oct 9 Dec *64 10% 20% Real Silk Dec 15 Vb 32 *11% 40 *23% non-cum 200 14 % 11 95 4% 100 13% 76% 2 10 1st preferred 2nd preferred 35 4 15% Jan Feb 11% 40 *94 non-cum 7 80% Feb 28 41 $2 preferred Reading Co common 4% 10% Feb 22 28% May 19 65 11% *39% 49% 100 7% May 10 69% Oct 10% Nov No par 100 6% 104% pfd 15 *10% 49 % Ralston Purina Co 3%% Raybestos Manhattan Rayonier Inc common 25 Va 7 10.3 1 *24% 25% 24% preferred—No par *13% 67a 103 1st conv Radio-Keith-Orpheum 14% Nov. 26 *10% *100 $3.50 800 10,100 Corp of America com__No par 25% *64 HIGH Monday 7% ■ 97% 32'/8 Nov. ii sharp *13 : Saturday vr *100% 13 % Radio 14% 12 65 LOW t 35 *13 50,700 *24% 25 32% CO to 17% *44 105 13'ft 14% 25 14% *96 ■& *13'ft 65 65 *14% *100 13% 17% 45% 10'ft Reis 25 % 4 17'ft 105 13% 15 *24 3 t 9% $4.50 preferred 28% 28% 291/a 3,000 35% Shamrock 34% 35% 1,500 Sharon Oil Steel & Gas Corp.— No par 1 No par 10 101% Nov 20 20'ft Apr 15 24% May 19 6 6% Nov 17% Feb 40% July 14 35'ft Nov 49% Apr 16% Feb 8 10% Nov 16% Feb 11 13'ft Nov 23% May 22% July 16% Feb 3 12% Oct 10% Feb 110 Jan 7 105 Dec 30% Nov 21 17% Oct 40% Oct 20 23% Oct 24% Jan 113% May 32% Apr 40% Feb 21 -" S n rsr-sr 22 THE (2226) Nov Nov. 23 Tuesday f per share f per share t per share t per share Range for Previous STOCKS Friday Sper share the Week t per share 7% 7% 7 7 7 7 7 7 7 7 4% 4% 4% 4% 4% 41/8 4% 4 % 41/8 4% 1,600 3,300 371/2 37% 371% 1,400 Simmons 24% 24% - 17% 78 "'76 78 100 17 XI6V2 16% 800 12V2 12 % 30'A 241/4 77 77 16% 16% 12% 12% *12% 12% 400 30% 30% 301/2 30% 12,700 *76 13 29% 12% 16% 12% 30% *12% 30 24% 17% 17% 29% 30% 37 37% 37 37% 42% 37 1,900 79 17% 37 24 24% 24% *77 79 *77 24 24'A ^ 42% 37 Simonds Saw & Steel No par Sinclair Oil Corp No par 44% 200 15% 16 15% 16 15% J5% 15% 15% 15% 10,600 98 *97% 98 951/4 97% 94% 96 951/2 96 19 % 201/4 19% 19% 19% 20 Sloss-Sheffield Steel & Iron 20% 600 20% 55 55% 300 Smith 44 37% *37 96 26% 6% *55% 15% 57 STOCK 1,400 *36% 700 Smith (A) &Sons Carpet *94 25% 25% 25 25% 600 Smith & Corona Typewriters-No par 16% 16% 16% 16% 16% 36,900 17 16% 4 3% 6% 1 *18 18% 18 18% 42% 42% 42% 40% 40% 3% 371/4 4 6% 6% 6% 42 42 42 6,100 2,500 300 17% 1,500 Southeastern 45% 3,700 South Porto Rico Sugar com.-No par *40 40% 27% 27% 28 *40 40% 40% 100 3,100 231/4 23% 2,700 Southern 42% 43% 7,700 4,000 23% 23% 23% x23 Ve 23V8 451/4 44% 45'A x43% 44 35% 35% 34% 35% 33% 34% 34 34% 33% 58% *58% 60% 59 59 59 Ve 60 % *58% 59 700 58% 70 *70% 60 70 73 17 300 5 2,000 *70 73 *17%, 17% 17% 17% *17% 5% 5% 5% 5% 5'A 9% *8'% 9% *8% 17 'A 17% 5'A *8% 8% *73i/2 17 17% 75 *73% 30 29% 75 *73% 75 27% 28 28% 29 22% 22% 22% 22% 22% 22% 22% 22% 10% 10% 10% 10% 10% 10% 10% 10% 10% 731/4 74 *99% 75 74% 74% *74% 75 x731/4 18% 181% 18% 17% 18 *17% 25% 24% 921/4 *90% 22% 25 24% 99% 100 24% 22^4 25 92% *911/4 25 25 99% *91% 25% 25 92% 30 30% 29% 100 99% 100 25 25 *91 % 30 29% *96 98 *96i/4 98 96 108 *106% 108 105 94 96 *106 106 60% *97% *40 41% 13% 20% 11% *55% *120 100 42 200 Starrett Co ♦14% 15% 300 36 Va 36'A 3,000 95% 94 94 30% 30% 30% 15% 15 15 *14% 20% 20 20 191/2 15 14% *201/4 14% 15 11% 11% 11% *105 105% *120 121% *120 Xl3% 19% 11% 11% *105 105V2 55% 56 55% 14% 19%' ? 19% 20% 19% *105 20 20% *54% 55% *120 121 9% 10 *93 95 4% convertible preferred (The) 50 LS No par 1 200 3%% 31 2,500 Stevens 14% 15 Va 1,100 Stewart-Warner Corp 5 19% 19% 19% 1,900 500 Stokley-Van Camp Inc common.-.1 .5% prior preferred 20 20 20% 20'A 13% 12% 131/a 5,900 20V4 19% 20%, 10% 11-V 105% 13,600 2,500 11% *105 1051/2 54% 56 120 121 9% 10 54i% 120 10 Inc & Webster Stone No par 1 12.50 1,200 20 18,600 32% May 27 10c 8% May 19 17% May 20 101'A Jan 13 1 1 $4.50 series A preferred Sun No par Oil Co common Class No par A pfd (4%% Sunray Oil Corp 10 10% 10 10% 9% 36% 35% 36% 35% 9% 9% 9% 8% 9 8% 21% 20% 21 2IV4 21% 128% 129% I291/4 19 *18% 19 I8V4 18% 200 *40 39% 40 600 Sutherland 100 cumi Superior Sleel Corp 41 21% 2IV4 *128% *18% 129% 21% 19% *18% *33% 22'A 21% *92% 42% 42% I91/2 19 19 18 % 42% *42 128% 130 120% * 35% 35% x41 *18% 41% 35% 1,900 Sunshine Biscuits Inc 9 91% 3,000 Sunshine 21 21% 2,300 Superheater Co 34% 35% 9 128% *18% 130 900 Mining Co Superior Oil (The) California of No par 25 5o 10 Paper Co Sweets Co of America 19 10 % May 19 16 May 19 10 % May 19 105 July 28 51 May 26 118 Jan 10 7% Jan 11 Studebaker Corp (The) Sun Chemical Corp common (The)_.4.16% 13 36 May 19 May 19 14% Jan 2 *18% 19% 19% *18% 19% 33% 34% 34 34% X33 % 33 7 33% 33% 1,800 Swift 30% Jun 9 34 22Va 22% 22 22% 22 22 22 22'A 4,000 Swift International Ltd 21% Sep 2 21 20% 211/s 20% 21'A 3,200 93 93 93 92 92% 130 Sylvania Elcc Prod Inc com_-No par $4 preferred : No par 6 6 20% May 19 91% Oct 23 5% May 19 21% 6% *92% 93 6 6% 6 6% 21 21% 21Va *92% 93 LOW Saturday Nov. 24 t per share AND PRICES Wednesday 1 per share 11% *11% 11% *111/8 Thursday 4% *4% 4% *4% 4% 18% 18'A I per share 11% share 11% 4% 3,000 25 Symington Gould 1 Corp 3 5'A May 99 Friday Nov. 28 NEW YORK Sales for the Week $ per share Dec 108 July 29% Sep 48 May 13'A Oct 18'A 4% Sep 8% May 7% Dec 9 Nov 62% Dec • 83 Nov Jun 20% Dec 22% Dec 48% Sep 59% Feb Sep 39% July 7 34% Jan 28% Feb 47% i*'eo 7 4 30 a 38% Oct 70 Jun 33 Sep 65 Jun 64'A Oct 90% Jun 73 Oct 96 Feb 30% Apr 33% May 22 %. Jan 16% Nov 4 8 •5% 7 13 14 15 7 4 5 2 11 6 14 13% Jan May Oct 11% Nov 27 92 Sep 104 18% Dec July 40% Jan 14% NOV 39% Apr 84% Sep 109% 15% Sep 24% 33% Feb 55 May 107% Oct 34% Nov 116 Mar 55 May Apr Apr Dec 89% 20% Oct 60% May 70 Oct 135% Apr 78 Oct 149% Apr 98 % Dec 42% Feb 59% Aug 37 Feb 49% May 61% Nov 78% May 30 20% Mar 2 104% Mar 5 36% Oct 15 19% Feb 7 24% Oct 8 21% Jan 3 17 Feb 3 25'/a Feb 11 15% Feb 3 109% Apr 17 75% Mar 24 125 Oct 21 12% Sep 18 Jan 100 % Dec Feb 37% Nov 56 Jun 37 53% Jun Sep 16% Oct 26% Aug 63 Jan Oct 109% Aug 26% May 13% Oct 20 % Dec 21 Jan 14% Oct 23% 18% Oct 38% July 12 % 110 14 Sep 10% 28% Feb 13 104% Mar 11 10% Feb 7 May 78% Jun 124% Aug Apr 42 % Apr 24% May Sep 117 Feb 23 Sep 61% 39% May Nov 103% 2 Oct 23 Feb 7 Mar 5 Oct 31 Jan 28 Jan 2 May 41% 102% 13% Mar 6 24'A Oct 14 24% 47 21% 37% 27% Jan 25 Oct 132 July 108% Oct 11 7% May 56% Aug Oct 17% Oct 24 Oct 160 102 Apr 35% May 23 19% Nov May Dec 38 Jan 55% Apr 13% Sep 21 Aug 31 Sep 41% Feb 25% Nov 36% Jan 19% Nov 41 101 Feb 109% Aug Nov 16% 7% Nov Jan Range for Previous STOCKS Nov. 27 Nov. 26 Nov. 25 1 per share 1 per 6 SALE HIGH Tuesday Monday Nov. 22 5% 6 Co & Nov 45% Jan 22% 8 Jan 35% Oct 28 Jun 30 Jan 6 July 11 Feb 8 49 14% May 19 19% Jun 3 36% 9 May 20 15 & Co P) 91 105 Jl.~. 29 17%Feo 11 49 Feb 7 47 Oct 14 18 Jan 2 x35% May 13 94 Nov 25 15 preferred (J Oct 80 July 24 31% Aug 19 30% Nov 26 13 % May 17 30% 30% Feb 42 44 % July 21 Nov 20 May 19 Jun 3 May 17 5 100 Sterling Drug Inc common 95 98 10% 41% 37 i? A 100 common—1 Sterchi Bros Stores Inc 42 151/8 36% 30% series Spring 43% 15 1/8 *93 Steel *42% 36% *40% 43 preferred common__-10 43% 14% 201% 121% 2,600 Ohio of 13% 371/4 20i% 56 13% Oil 13% 14% 15% 11% 3%% Standard 36% *40% 20% 20% 98% 15 30% 105% Standard 38 2OV2 *105 *42 9,100 *40 42 *94 89 May 17 50% Mar 11 99'/a *97 43% 41% $7 prior preferred No par Oil of California__No par Standard 63 Mar 17 23% Jan 3 ' Jun Oct 22 Oct 20 27% 36% Jan 2 114% Feb 18 125 Feb 19 63 July 24 37% May 19 39% 39% Jan 65% Sep 50% Jan 2 77 Feb 8 81 Aug 26 81 No par 25 43% 14% 6,500 $6 prior preferred 25 44'A *20 900 60% Standard G & E Co $4 pref__No par Standard Oil of New Jersey *43iA 15% 103% No par Standard Oil of Indiana 441/2 37% No par coin.- 20% Jan 20% Feb 7% Feb 14% Jan 93% Jan 31% July 24% Oct 17% Feb 90% Feb 18% Feb 45% Jan 112% Feb 37% Jan 102 Aug 15,500 *43% Xl5 Inc 29 19 19 19 10 10,800 39% 13% 21 1,000 60% 60% Brands Oct 14 41% Nov • 75'% 13% 31 18,800 103% 105 5 Squibb (E R) & Sons common 1 $4 preferred No par $3.50 cum preferred 15 54 22% Jan ' 7 56 Jan 18 27%. 13% 15% 22% 95 No par Feb Jun May 3 17% May 16 May 17 1 1 2 Square D Cc Standard 5% 9 39% 13% 20% 95% 16,700 61 17% July Dec 8 9 75 13% *30% 21% *92% 310 251/4 92 Jan 8% Jan 26% *13% 951/2 23 % 100 »/2 38% 64% Apr 76 99% 95-% 24% 567/b 6 271/2 *97 15% 99% *90% 1 No par preferred 14% Nov Nov 26 751/4 99% 37% 1,600 2,300 $4.50 14 20 27% x27% 37% 17% 29% Conv 1 27% 28% *15% 17% 29 25% _No par Spiegel Inc common 330 Oct 33 23 76 76 27% *97 7,900 Jun 62% 39% 102% 35% 17 5% 39% 39% 75% 28% 100 7,200 10% 741/4 20 20 19 21 75% 39% 76 75% 28% 23 43% 10 15 May 17 4% May 19 6 May 19 75 Nov 10 23% Sep 8 16% May 19 8 May 19 71% May 20 13% May 19 27 Nov 8 99 Nov 10 24% Nov 26 93 Nov 6 1 Sperry Corp Apr Feb 101 % Nov 39% 39% 39% *97 104% Spencer 100 Sons Kellogg & (The) 3,200 17% 93 1QQ Spalding (A G) & Bros Inc Sparks Withington Mar 15 60% 60'% 60% 75 30% 30% 100 preferred non-cum Mobile & Ohio stock tr ctfs 26% 27% reo Jan 7 Feb 21 16% July 28 59% 59% 60% 22% 5% 91 V!b May Sep 41 51 May 19 Apr 22 May 19 . Nonar common__No par Railway Jan 17 % 34 July 17 9% Feb 17 6% Feb 8 May 19 Apr 14 22 July 34% Apr 28 May 57% May 68 Nov 7.50 Gas Co Natural Southern Spear & Co common $5.50 preferred 9% *8% 9% *73% 29 34 5 5 1/8 5 *8% 75 *73% 73 25 Southern Pacific Co 23% 44%. *70 -25 8% preferred (new). California Edison Southern 28 27% 28 77 44, 14% May 28 37%.May 19 40% Nov 13 27% Nov 26 5 17% 28% 29% Greyhound Lines 39% May Jun 20 42 50 . 44% 45% X29% preferred 18 23% 30% 5% 44% 28 % 30 South Amer Gold & Platinum South Carolina E & G Co com—7.50 18 23% 70 :__15 1 Socony Vacuum Oil Co Inc.: 43% 45 70 cumulative 3%% 96 181/4 *40 28% 27% *94 CLOSED 43% 43% 40% *40 42 *36% EXCHANGE 4 6% 6% 45 *43 37% 96 3% 4 61/4 6% 45i% 45% 18% 18% Co com__20 preferred_^_100 37% 96 25% 37% share Jan 33% Jan 6 82 Feb 19 21% Feb 18, May May May Nov 24% July 13% Mar 3% May 5% Oct 20 10 Corp (A O) *94 42% *74% 15 Skelly Oil Co *25 16% 6% 46 *45% 56 *43% 44 25% 25% 4 4 44 431/2 96 37% 37% 3% 16% 16% *55% 57 *94 *94 *25% * 20% 20% *55% 57 *56 *42% «er 23 May 19 Jun 3 May 16 6% 4 27% 39 14 65 15 38 -• 29% 94 $ $ per share 18 75 16 24% May 19 No par 98 *42% $ per share 12 Sharpe & Dohme common Co Highest $ per share Par Shares Highest Lowest Lowest EXCHANGE No par $3.50 conv pref series A—No par Shattuck (Frank G) No par Sheatfer (W A) Pen Co 1 Shell Union Oil 15 Sheraton Corp of America 1 Silver King Coalition Mines 5 24 % Year 1946 Range Since January 1 STOCK YORK NEW Sales for Nov. 28 Thursday Nov. 27 Nov. 26 Nov..25 24 . SALE PRICES Wednesday HIGH AND LOW Monday Saturday Monday, December 1, 1947 CHRONICLE COMMERCIAL & FINANCIAL Year 1946 Range Since January 1 STOCK Par Shares Highest g per £ per share share Highest Lowest Lowest EXCHANGE t per share 8 per share T 1 *11 11% *4% 18% 5 58V4 58 18 18% 57% 58% 57% 16% 16'A 16 16% 16 58% 58% 58% 58% X56% *11% STOCK *4% 11% 5 18% 18 1/8 18% EXCHANGE 18'A 18% 57% 57% 58i/4 CLOSED 57% 58 400 Talcott Inc 100 Telautograph 2,100 18,800 Tennessee (James) . 16 15% 15% 2,400 Texas Gulf 56% 56% 57'/a 57% 800 Texas Gulf 43% 42% 7,400 Texas Pacific 16 Coal 45% 421/2 441,8 42 28% 28% 28% 28 % 28% 27% 28 5,600 Pacific Land 28'A 28% Texas 28% 49 49 49 49 2,100 Texas & 48 *48% 48% 49% 48% 14% *14% 14 14% 13% 48% 48% *47% 49 15% *14% 14 14 48% 15 *10% 10% 10 Ve 49% 49% 49% 10 10 10 *14% *141/2 15% 14% 49 15% 14 *47% *14% 10% 10 10 % 1,500 Third 23% 1,100 10% 300 23% 23% 23% 23V4 23V4 101/2 *10% 10% *10 % 10% *10'/a 50% 51% 51% 51V4 51% 51% x49 % 49% *96% 97% *96% 971/2 *96% 971/2 *95% 971/2 23% 5 4% 29 28 4% 4% *29 28 *48 95% 48% 700 95% 90 4% 3% 4% 6,300 291/2 29% 29% 600 22% 7,600 22% 22% 22% 22% 99 99% 98 98% 97% 971% 280 $3.75 18% 18% 18% 19% 19% 19% 18% 19% 4,400 Timken 4,000 Timken 52% 51% 52% 51% 52% 51% 51% 50% 51 13% 13 1/8 1318 13'A 13% 13% 13% 14% 14 14% 16% 16% 16% 20 20 20 20% 7 7 6% 16% Xl9 6% 7 106 106 *104 12,000 Roller 1,400 1,100 Transue & Williams Steel 6% 6,300 Tri-Continental *103% 105% 10 106 14% 14% 15 14% 2,400 25% 25% X24% 24% 8,900 36 x35 35% 600 98% •95% 98% 36 *36 36% 98% *95% 98% 8'/a 8% 8% 36 *95% *8 8% 14% *8 8% $6 Jan 13 58% Feb 21% Feb 18 18 35 Sep 65 Corp 8 19 13% Sep 591% Feb 13 47 Sep 18 Sep 61% July May 19 17% Feb 13 15 Sep 30% May 9% May 19 13 Sep 10 Sep 15 48 Oct 70 Feb 14% Feb 5 Oct 20% Jun 4 24% Oct 21 16 Dec 18% Nov 15 16% Feb 11 14% Oct 21% May May 19 59% Jan 30 38% Oct 69% Jun Oct 112% Jun Oct 13% 32 Oct 68 Jan 24% Apr 16% Jan 10 38 Sep 95% Nov 28 3% May 17 106 Mar 10 7% Feb 3 1 9% 102 5% Jan Nov 108'% Feb 24 99% Nov 4 16 % Oct 26% Jun 53% Oct 20 38% Oct 66% Jan 21% May 71 Jan new 12 15% May 19 21% Feb 40% May 13 10% May 17 15% Jan 3 13 Ve 13% May 17 0 18% Dec 20'A Nov 24 14 Dec 1 - preferred - 14 May 13 7% Feb 7 112% Feb 20 25 15% Nov 38% Jan 101 Jun 2 No par Xl4% Nov x24% Nov prior preferred No par City Rap Transit com...No 5% conv prior preferred Twin par 50 31% 31% 31% 32% 32% 32% *31% 33% 32 32% 430 15% 15% 15 % 15% 15% 151/a *151/8 15% 15% 15% 800 Twin *121/4 121/z *12% 12% 12% 12% 12% 12 Va 12% 12% 300 Udylite 53i/2 53% 53% 53 % 53 53 53 53 52% 53 1,100 Underwood 12% 12% 12% 12% 12% 12% 12% 12% 12% 1,700 Union Asbestos & Rubber Co Bag & Paper No par Carbide No par 6 105 33% 12% Oct 37% 114 Sep Feb Jan Mar 63% May Oct 79 46% Nov 34% Aug 21 95% Oct 30 48 Jan 6 104 Jun 27 102% Dec 7 % May 13 16 Feb 11 11% Oct 51% Feb 18 43% Dec 71% 17'A Oct 11% Nov May 24 30 Nov 20 1 9% May 19 ,__1 No par Co 5% Feb 24 28 5% May 19 No par . 112 Oct 22% Jan 5 _No par $1.50 97% Nov 2 -_ 20th Century Fox Film com_.-No par Coach 13 60% Feb 17% .No par _ Corp 17% Feb 13% Feb 28 6% Aug 21 47 % Nov 25% Oct 20 common preferred Truax-Traer Jun May May 19 Air Inc Western $4.50 1,400 26% May 18 - _ 18% *104 Oct 1q com Bearing 6% 106 5 14% 39% Feu 5 *18% 16'A 16 29 % Nov No par 6% 16 32% May 19 Axle Corp Jun 60% Oct 20 No par 16% 251/4 8 Oil preferred Detroit July Sep 21 15% Jan 41 18 9% Mar 46% 24 No par 19% 25% *7% 100 com-..No par 6% xl4% 8 .No par com 16% 15% 36 Products *18% 25% *95% 25 .. 6% 15 98% (J R) 16% 25V4 36 36 *95% .1 19% 15'/a 25% 50 (The) Transcont'l & 25% *15 Co fTransamerica 68% Aug 45 '/a Nov 47% Nov Corp.. No par Tide Water Associated 23% Feb 17% July 28 1 Transit Thompson-Starrett Co $3.50 cum preferred- 99% Jun 52 58% Nov 21 12 preferred 22% 52% 107% 4% 991/4 23% 100 18% *106 Thompson 21% 18% *16 Thompson Jan 25% 13 21% Jan No par preferred conv Avenue 13 Sep 13 common-__5 common Thomas Steel div $2% Dec 10% Jan 100 . preferred Co 90 10% 10 *99% Thermoid 471/2 10% 231/4 4% 1,000 9% 47% 10% 29 10 IOV4 491/8 23 % 5 15% 10% 491% Jan 6% 14% 46% May 27 No par conv 10% 10 Co Thatcher Glass Mtg Co $2.40 11% 9 68% July 28 1 Trust Ry The Fair 10% 10% 30% 40 49% ' *23% 4% 2,600 101/8 . 23% 30 14% 49 Pacific 49% 10% 49% *47 % 17 14 26 10 Oil 19% May Feb 7% Jan 20% Aug 15 53% Sep No par & 44 is 14 May 16 3% May 16 1 Sulphur 42% 15% 10 13% May 20 25 ____ Producing 56% 45 48 _ Corp 44% *47% _ 5 5 _ (The) Texas Co 9 - Corp__ 12% July 2 43% May 19 5 9% May 17 14 106% Jan Apr Apr 26% Jan U 121/2 33% 105% 33% 34i/a 105% *110% 111% *110% *94% 96% *94% *92% ? 24 157 loo;; 100 *34% 35 24 92% 93% 156% *For 33 33% 105% 105% 1051% f 23% 112 112 *94% 96% *92(4 92% ! *34 footnotes page 32% 105'A 106'A 1 24. 106 4,500 Union 112 50 30% 110% 111 95 *93% 95 *93% *92% 94 *92% 94 23% 24 100% * 158 34 23 % X153 : • 34 ) 6,500 105 *110 112 156% 100% ; \ 34% see x32 'A 100% 24 155% 157 '*99% 33% 105% Union 100r 34% 32% 95 .94 10 (The) Corp Corp & Carbon Un El Co of Mo pfd $4.50 ser__No par Preferred $3.70 series No par Preferred $3.50 series No par 23% 23% 3,200 Union Oil of California 154 152% 152% 5,600 Union Pacific RR Co common 100 99% 23% 34% ♦34 100 600 35 600 4% Union non-cum Tank preferred Car 25% May 19 89% Jan 15 110% Nov 21 99 Nov 1 91 Nov 13 —25 20 100 120 100 No par Apr 14 ,» Apr 15 97% Nov 14 30 May 21 15% July 23 58% Feb 7 15% Jan 25 49 Sep 12 Nov 37% Oct 16 23 Jan 39 May 110% July 11 115 Mar 31 88 Sep 125 Apr 111 Jun 115% 106 Feb 111 Oct 96 Deo 107% Jun 106% Sep 30 104 Jun 6 24% July 24 : Nov 21 159 111 i Feb 26 38% Feb 10 80% May 23% Apr 29 20% Nov 110 102% 32 ''.MA 168% Oct Jan May Feb 120% Mar Oct Sep „ : 42% Jan >«•' Volume 166 Number 4651 THE LOW HIGH AND Saturday Monday Nov. 84 SALE Tuesday Nov. 22 j Nov. 35 > COMMERCIAL & FINANCIAL CHRONICLE PRICES Wednesday STOCKS Friday Nov. 27 Sales for Nov. 28 Thursday Nov. 26 the Week NEW 4, per share j 22% • I $ 23 *106 223/4 107 * I' *105% 106% 18% 17% 18 Va 96 98'/* 22%. 22% 22%, *22 22% 31 31V4 31% 31V* 31% 31% 33% 33 Va *31 % 4% 4% 4% 4% 4% 4% *57% 59% *57% 59% 2% 23A. 2% 2% 44% .443/4 x43% 31% 33% 4% • 60% *57%- 2% 2%. 44% 44% 443/4, 6V» 6% ■i, f 68 .. ; 23% 443/4 40% 18 5534 56 55% -56 22% 22% 22% 16% 16% 16 Va 16% 106% 106% *106% 107 % 16%, j. 16 V» 2lVa 21% *97 f 16 100 *95 *17% 18% *17% i 105 % 105 Vt 105% *177% \ 183 17% j *77% 40% 21% 21'/a 21% 7%. 36% 36 %, 22 3/8 *9 Va 9% *9 Va *44% 44% *50 51 *50 *46 50 70 50 99 43% *97 Va 43 Va 46 46 % *69% 70 140 % 19 18% 46% 43% 43% 140 6'A- 6% 6% 10% 10% 101% 6%. 6 "98 %. 18'/a *39% 18% 5%, 18% 5% 101% 173 *16</2 98 16% "67 16 68'/a 15% 66 15% 6,100 1281/2 140 42 xl7% 5% 10'A 16% 5'A *161'/a 80 53/4 1,800 United 16 Va 16 Va 103/a, 66 Va 65 Va 15% U S Tobacco Co 1% Stockyards United Wall 383/4 100 19'A 300 Universal-Gvclops Steel Corp. 5% 500 Universal Laboratories Inc 100% 200 Universal Leaf Tobacco *17 *51/4. *99 Va *162 • 4 '/o 172 cum 8% 16'% 16% 1,800 66 66'/a 190 conv 15% 15% 15% 15'% 15'A 700 15% 15% 16 Va 16 Va 15% 16 700 36 Vanadium Corp of Van Norman CO. 36% 36% 15 15 15 500 14% 15 Van Raalte Go 14% 14% *29% 303 'a 29 30 *28Va 29 28 % 29 *82 67 *84 87 84 84 *84 87 '88 *84 *85% 87 *85 Va 90 10 85 V* 85'/*. *65'/* 88 "85 50% 90 *49 50 10 *49 50 100 *97 99 "a *97 99% *98 96%. *95% 96'/a *95 '/a, 9% 10 *107 112 15% 9 Va *105 15% *116 15% 107 15'/a 15% 15% *115 135 *123 135 *123 135 *122 135 37 32 34 *34% *36% 34 33 *36% 36% 36 Va 35% 35 35 35 33 33 *32 *31% 33 *31% LOW 33 AND HIGH Saturday Monday Tuesday Nov. 22 Nov. 24 *31% *31% SALE Nov. 25 per share I per share I per share Jan 20 16'A Jan 22 9JA Jan 35 7 May 19 49% May 24 97% Nov 40% Jun 128 NOV 13 5 21 38% May 17 May 19 u68 61.% May, 19 139% Nov 28 26 3 5 Jan 13 8 Jan 13 Jan 27, Inc America 13 9% Oct 22 5 24% Oct 24 16 Apr 10 46% Oct 20 Feb 19 Jan 73 39 2 103% July 24 60% Feb 11 Feb 11 165 51% July 20 Feb 28 79% Feb 8 81 Mar 27 150, Feb 23 19 48% Feb 21 8% Oct 10 Feb 22 No par Sep 53 % Feb 39% Nov 52 15 JA May x205 Sep 28 1 com 132 Deo 90 38% Nov MayT7 4»/a May 20 Sep 15 21 79 V2 May 17 165 May 20 93' 187% Feb 94 17 32% May 109% July 29% Feb NOV Feb 30 16 Nov Jan - 15% July 10., 26 18 1 15% Oct 101. 6 12i/4 Feb I 22 110 Sep 33 % Jan 10% Jan 102 Oct Oct 9% 37% Nov 6% Sep 25v 47% Apr 98% Aug 62 May 13% Jan Sep Jan Jan 44 9 Dec 25% Aug 11 Va July 35 Nov 60 V4 May 59 Sep Deo 84 Sep 106 Oct 80 Apr Feb 13% 36% 100* 48% Nov 144 40 % x72 65 Va 142 Nov Apr 39% Dec 187 Oct 84% Feb Sep 89 Feb Oct Deo 97% Feb Feb 166; 20% Nov 29 % Jan 47 NOV 55% Jun 4% 7% Oct 9% Jan Sep 100% Nov 7 41 18% Sep Sep 20% Apr Jan 128 11 J/4 July 54 July Feb 7 IIV4 Feb 10 8 Dec IO2V2 Sep 8 91 Nov 110% Jan 192 7 187 May 200% Apr 25 NOV 49% Jan Mar Dee Sep 9 29% Feb 3 65'A Nov 17 01% Feb 13 77% Doo 7 27% Feb 22 17% NOV Apr 101 Apr 13% May 17 14% May 21 30Va May 17 22 39 Feb 18% Feb 15 41s Feb 13 15 % Oct 25% Apr. 10 35 Nov 58% Apr 2.50 . Inc Feh Viefc Chemical.Co; 2.50 28 Sep 15 39 Feb 6 30 Oct 51 % Vicks Shreve & Pacific Ry com__100 84 Nov 25 94% Feb 20 83% Oct 113 851/4 Nov 19 Jan 13 91% Nov 115 Feb 53 May 48% 1,000 5% Victor Chemical Works 100 3 VzVc 95 % "15 9'A 2,500 107 9,100 130 35 36 700 31% 313/4 34'/a 700 6% *31% Va 33 20 div partic $5 100 33 common preferred 5 100 preferred- 100 Virginia Elec & Pwr, Co com__No 600 34 Va *32 cumulative IOq 3 %■ %i preferred 2nd series—_ 100. Va-Carolina Chemical com No par 300 143/4 preferred non-cum preferred: Iron Coal 6% 100; 351/2 May 19 50% Nov 22 17 104%'May 14 97 Oct 95%. Nov 28 5% May 19 69 May 19 14% Nov 28: 115 Nov 97%. Oct 10% Nov 112 Nov 16% Oct Friday Nov. 23 $ per share NEW the Week $ per share 108% Aug 19 5% Dec 63% Sep 99% July 12% Jan 23; 117% Dec 12 121 Feb 5 85 Aug 25 127 Nov 21 80 Jan 105 Apr 25 35 Nov 28 45 Feb 21 40 Dec 53 July 25 31% Nov 28 40 Jan 17 37 Sep 32% Nov 45 V4 Jan 38 52 Apr cumulative Sales for Nov. *>8 Sep Dec 21 19 5 31 Oct 17 31% Oct 21 33% Nov 30 33% Oct YORK 123% Apr 21 20 preferred Feb 20 31 • 10 Aug 21 STOCKS Thursday 36% 10O Apr pfd___10o preferred, 7% . common Visking Corp (The) class A Vulcan Detinning Co common —- par 94. Jun May Coke 5% & Virginian Ry Co PRICES $ per share 23%. Oct 20 106 12V4 104% 1,200 *122 . 33 Nov. 20 12 19% Feb 21V 28% 116 32 Wednesday 17 110% Apr 26 V8 14% 33 32 % •'-191/4 Feb Apr Aug 15% Sep 116 35 34 *32% 32 30% Oct 2 - 36% 32'% 35 35 32 Va *31% 37 32 % 3; Jan 53% Aug 18% 20% Jan 9'A 116% *36 % 10 5% May 10 60. 41% Oct 6 121/4 May 19 107 15 116 *32 I 14% 116 38% Nov 2l%rPel», 59% July 25 11 25% Jan 16% Aug 105% Aug. " 24% Jan 196% Mar 29 Aug 26 Deo .Vfrtientes-Camaguey Sugar Co__6V2 95% 9% 116 77 8% Jan 06%-July 71% Mar >*12%, Nov 34% Dee Sep 7% Oct 3,300 48% 107 116 2 80 0% Oct 44 May 17% Apr 043/4 *98 97 9% 107 2 107% Feb 6 40 Oct 6% Oct 78 Deo 28% 100 9% 9 *105 *98 "95 Vs. 43% Jan 10 14. Nov 14% Sep 11 23% Jan 14'% 49 117 *124 * 9'/a 110 97 Jan ■ 19% Oct 109 % Jun 100 36 10% Feb 95v. 14 No par com preferred 16'/a 4% Jan 31 53% Mar 2T 5% Nov 100 36 '/a 8 1» 50 preferred 16 Jan Jan 54% " 83 May 19 86 178 119 20 8% Feb 2 common preferred! Universal Pictures Co 4%% 5 No par Paper Inc 36% 35%.,i35% 2d pfd non-c preferred conv Oct 37% Jan Deo 19% Nov 33% Nov 24 18 40% Nov 1 United Stores $4.20 28 34 101 5' 20% Oct 25 Corp 2,700 $6 Nov xl7% Nov preferred: non-cum 95 No par 16 •95% No par 100 36% 49 50 com- common *36% 50% 100 50 Corp *15% 15 lo 2,400 65% 15% common 1st preferred- 6% 16% *65'A 100 100% 38% 173 16 Va Co 16 23 % May, 19 pfd series A' 6 99Va 20 ,__lo Preferred 4134 5'A 98V4 98 Va 1 10 *99 19% 173 No par Smelting Ref & Min S Steel 5% 10'A No par Preferred U 41% 39% 5%. 98 % *161 '/a U S 2,300 5,300 iNopar common class A common non-cum 18%, 6 Va *39 140 100 Chemicals Co cum Rubber 8c/o ia%, IOV4 *18 17,100 5 Pipe tli Foundry Playing Card-Co Plywood Corp common U S 200 76'/a 139V4 100% 6 18 Va 5%, 5»/2 '97 2,200 69% Corp preferred: 3% % 400 46 Va 75 6 42 18 '/a 45 18 Va 6 'A 130 *68% 42% 10'/a *38 18 % 43% 127 140 x42 Va 6'A 67 15% 44'A 128V2 76% 100 Va 173 Va 20 46% 6 101 % 160 98% 69% *98 "5% 101% 100 *95% 44% 75% 6% U S 97% 18 % 6 U S 43 Va 43 >/* 10 VB U S 100 97% 46% 140'/a 300 3,700 4251 29% 20' 100 conv U S Lines Co 4Va % 201/4 69 Va 101% 614 42 *49% 46% *43 6'/a 10% 42 51 2,800 S Partic & 400 30% 76% 18% 10% *49% 70 75% 19 43% ••■99 128 *69% 140% *39% 43 30 76% *42% 93/4 30% 76 Va 18% 22'/a *9% 50 140'/a 140% 21% 93/4 *9% 43 30% 76% Leather 22'/* 22 44 51% 128 Industrial U 36 31 128 U S 1,100 7% 35'% 9% *9Va 44 1,000 7% 35% Jan • 12% May 19 preferred 7% 7% *34% 22% 22 Va 4'A% 12 15%; May 19 common Machine 39% 7%. *43 99 39% Hoffman 20% Sep 23 12% May 17 104'A Jun 17 No par preferred S 44:% Jan 1# '* No par No par preferred S 7% 35% id Foreign Securities $4.50 U 80 43 3A 46% 76 »/4 10 U 73/4. . 100 Paperboard.-— 200 *126% *69% preferred-!!--- 900 *35 Nov 21' 5 Engineering & Foundry No par United Gas Improvement Co-__13%. United Merch & MfrsTnc com—_1 16 *771/4 6 Uttiteck Fruit 183 39% Corp. 10c 66% Nov 25 103'/a 80 55% Jun 11% May 20 33:: May IT 16 38% 101 26% Jan 15 4%. May 16 5 179 *77 % 9 24 % Nov 10 0 103 16% 28 18% Sep 1 Preferred 104 *16 93% Nov No par Highest $ per share 16% Nov 2 1 United 183 16 34 5 28% Apr 120% Apr United Electric Coal Cos *103 *97% 129 800 v Sep 100- preferred 110 2% May 19 43% Nov 28' *179 934 44% 30% 18% 14 28 1 2,700 21% 99 18,'A Oct 15 5 U S & 25 17 */» Nov United 5 Vo $ per share 103 Va Jan United Corp common$3 preference!— United tper share 10 28% Jun Dyewood Year 1940 Lowest 100 No par United-Carr Fastener Corp No par United Cig-Whelan Stores com__30c $3.50 convertible preferred 100- 80 95 18 16% May 19 United Carbon Co 700 - , 21 100 *17% 3,400> - 15%. $ per share 5 common Biscuit Co 183 7% *44% 44% *95 6,500 4,400 , Inc cumulative United Freight Co U S Gypsum Co 22 Va *126 18% ; 106% 15 Va 41/2% Lines 104 40 8% 44 100 : , 21% • Air 104 77% 22% : 21%, 500 55% i United 160 2,700 40 15Va i *16%!.: 106 16 77% 36% 99 107% 15% 500 18 3A; 18 3%. 16% *106 15%,. 39% *7% 31 :Xl6 107% 16Va *106 40% 22% 30 Va 21 81 36% *97 Va 55:'A. 21% ; 55% 21% 1,900 . 68 *67 V* 55%. *16 i] 11 6'A 40 , 16,600 43% *5%, 18Va, ■ United Aircraft Corp common 5% convertible preferred *179 105% '[ 1 43'A CLOSED 40% 18%, 17 41 2% EXCHANGE 67 % 22 16'/* 3,400 593A 2% 18% ,55% 100 4% *573/4. STOCK 44 1,300 33 4% 40% *95 183 80 41 600 • Range Since January 1 Highest Lowest Par 2,000 18% 21%, 18 *16 94% 22'A 40% 5.5 V* 21%. *179 17% *77 Va 93% *31'A. 6 *67% 12,600 *213%. 33 6 67% 100 17% 31% 15%, 100 t •[ ' 22'/a 16 21% . 6% 1063/4 17%, 40 •I f *31% *106 17 %( Va, .40 % it *'• 31% 33 ,663/4 68 18 .... *39%. 106 *6 6 %» 67 18 *39% 106 60 *6. 69 *17%. A 13,800 22% 983/4 2% "• 22% Range for Previous STOCK Shares t per share 18% *57% W 22 Va $ per share 98 3/4 22 4% * share x22% 23% per 19 22 *32 k.' (ft $ share 100 18% 99 31% per 22% 1083/4 19% 99 *21% I 23 % *106 18% 99 ! t share- per YORK EXCHANGE i i (2227) Range for Previous STOCK Range Since January 1 EXCHANGE Year 1946 Lowest Shares Par Highest $ per $ per share share Lowest $ per share Highest $ per share W | 64 64 *63 64 63 63 15% i 15% *15 15% 15 15 32% *32% j 103 103 *32% 32% 32 % 102 V8 *102 102Va 323/a 103 63 % *15 * 32 Va *102 64 EXCHANGE 65 400 Wabash 15% 15'A 400 Waldorf System No par 32 ~ 32 500 Walgreen No par STOCK 32% 103 20% 20% 20% 20 34 20 % 20% 20% 10% 10%. 10% 103/a 10% lO3^ 12'/8 12'/a 12 Va ll5/a 12 *113/4 12 92a/i 92 92 *91 92 *102 10 % 12 CLOSED 20% 10% ! *63% 15% *91% 92% *92 104 Walworth Co 11% 12 1,100 Ward Baking Co common *91 92 133/fl 13% 13% 13% 34% 34 '/a 34'% 34 34% 33% 33 3A 51 50% 50 3/4 49% 50 Vo 126 % 126 % 124 125 3/8 *21 Va *19% 19% * 24 *21% 19% 19'/a 19% 23% 33% 24 23% 2 3 3/8 23 33 % 33% *33 6'/a 6Va 6 6 Va 51% 26 Va 51% 86 85 26% 51% *85 Va j;5 '/* 34 *33'% | 19% 22 26 % 6 125 22 6 125 50 124% - 5 Va % 22,400 13% 35-3% 497/a 213/4 Warner 1,400 50% 5,900 126 VA 49% 50 86 86 26% 26'/a 26 Va 48 'A 85% 49 4,800 853/4 x24% *110% 50 West Penn 114% 120 7% 110% IIO3/4 110% 1153/4 115 115 114 114 112% 113% *108 108'/4 107% 108 % 107% 108 % 108 1081/4 *107% ; 115 108'A 114 130 *113% 115 113 114 113 113 *112 113 150 i 44% 44% 44 44 44 44 44 44 1 *107% 1083/4 *106 7% 7 43% 43% 42% 7% '85/a 73/a 8 31% 27%. ^9 Va *27% *28% *72:' i 1 73- 22% 22% 35 35% " t b i : h j j 72 28% 22'/a, 34Va, 28 Vg, 28% 42% 99%. *32% *106 7'A 7 42'/4 7% 43 8 3/a 32 29 *28 Va 74 *72 74 22%.. 35 % 34%. 99% 99 33% 33'% 99'A 33'A 363A 873/4 88% *100'/a 101'A 46 49'A. 97 96 97 96 '/8i 96'% 96 96 *27% 27'% 27% 23% 233/4 .' r 28: 27%. 27%4 24 24% 2374, 24 233/4. 233%. 12 Va 12% 12% 123/4 12'% 12'% *12 *91 28 *73% 10O 44%. 94% *27. .22% 12% 12 92 Va *91 *91 92Va *91 92 Va *91 92 Va *31% 32 3/8 *3-1 Vz- 32%, *31'% 323A *31%: 323% 10 Va. 1Q Va 9%. 9Va, 93/4. 93/4 9Va 10- footnotes see page 24. - 3,400 16,500 92 10 32% - 3.%%- 1.200 100% 37% 3.80% 700 cum cum Weston Elec 1,500 88% No par 6 May 17 37% Jan 16 9% Sep 163/4 31% Sep 43% July 4 85 Vo 89 Va 45 Aug Apr 108 Sep Sep Sep 119 Aug 115 Jan 122% Feb 106 Sep 113% Oct 117% Aug 119% May 14 105 6 112% Jan 14 9 116% Aug 19 100 2nd 32% May 19 106'A Nov 28 90 47 Oct 14 32% Nov Jan 27 111% Sep 1 5% May 19 10 Vs.. Jan 38% May 19 75% Jan pfd 4 May 16 RR 29 113 10 100 com 4, 6 8%. Nov 22. 7% Dec 57 5% com Nov 25 14 42% Feb 18 27 Sep 71 90' Mar 29 71 Oct 12% pfd series A pfd series B 93 Jan 2 98 Nov 13 12.50 30 Nov 17 No par No par Instrument 100 100 26 Jan Sep Sep 9% May 17 15 35 13'/a 26% Nov 17 Nov Jun 116% Apr 90 Va May No par 32 53% Apr Jan 100 com Feb 7 2 34% Jan 117% Mar 11 111% Oct Jan 343/4 21 121% Jan May Sep 47% Feb 112% Nov 26 1 29% Sep 52% Nov A__No par class Sep Oct 12% Jan 83% May 22 21% May 19 110% Jan 3 60 101'A - 45% 260 28 300 23% 9% 5%%. conv Jan 32% Jan 56 Va Jun 101 Apr 18 '/a Oct 53 3,6., Jan 26% Oct 41%. Jun 21 Va, Nov 39%, Jan Aug 20 91 Deo 95 106%. July 211 55 Jan 24 39 May 105 White Dental Mfg (The S S>_ White Motor White Sewing Machine r r 1,500 loo Wheeling Steel Corp com—No -$&■■conv;prior pref— No $4 conv,: Co preferred: Prior'Rfe^rredQil; Cm Wilcox May 14 87'A Nov 18 62%-Mar 27 102 Va July 18 100 com preferred- 700 92%' 32% preferred 1,600 ■ 9% $3.75 Wheeling $ L Erie Ry 10 4,000 95 Va 12 Common 320 75 *31% . "For No par 20 20% 31 Deo 63 % Jun Westvaco Chlorine Prod— 38% 49'A *27'% 31% 87%. *96% H *88 *99% *37%, 49.'A com 17 33'A 49 3A. 5 22 99 49%, 4 30% July 28 33% 49% 49 Va 18 Feb 38% Oct 99'A 75 8 26% Feb 26% Sep 6,200 28% *73.'% 23% Feb 41 22% Mayl9' 34% 28 74 17% May 20 20 Sep 30 30% May 23 17 May 19 27,%, May 19 34V4. 28% 93% *100%. 101'A 5 Westinghouse Electric 34%, 28'A 73 73 1.00 22 Preferred, series A 100 Western Union Teleg class A_No par Westinghouse Air Brake No par 93% 36 3/a Jan Western 34 'A 88 27 100 28 3/a. 36 18 500 34%. 88 35 V4 Mar 21% Nov 73 21% 36 Dec Dec par 100 Pacific 107% Feb 233/4 Aug 25% preferred non-cum Sep Jan 9 28 95 28'/a, *92 4% 100 Oct Jun 18 3/4. July 39 Western Air Lines Inc Western Auto Supply Co 8,600 xl 1% Mar 50 13 Sep 28 20% 88'% 100 313/4 20'A Jan Jan 99 1 Ry 293/a Oct 18% Sugar Corp Maryland Nov 9V4 25 31 6% preferred 100 West Penn Power 4%% pfd 100 West Va Pulp & Paper com__No par Western 23% 24 Inc Electric 105 Nov preferred 4%% 7 *71 213% 35%, *68 900 2.100 18,500 21% 88%. 73 30% 7 8 22 88% 101 31 10 41% 99'%. 99 33% 31 400 106% *33'A 28% 95'% *94 213/a 35% j 734 29% 74 35 % *68 6% 41 8 Va 29 88% *100. 42'A. *28 ■' . 7% 106% 7 733/4 ! i i 42 1073/4 29 Va 95'% *94 107% *7 29 27% !>', *106 13 5 preferred 110% 111 *115 114 conv Indies *110% 110% $4 West 106% Mar 3 51 I Wesson Oil & Snowdr 6,300 13% Feb 19%. Feb 126 % Nov Wayne Knitting Mills Wayne Pump Co 370 24 Va 21 July 17 24% Jan 7 5 1,700 85% Nov 100 com preferred 21'A 523/4 92 109 Oct 21 Tobacco Mar 18 Nov 33'% Webster 111 Nov 16% 22% 1.800 Apr 102 xl7% May 14 7% May 19 11 May 21 22 33% 6 Apr 7 Waukesha Motor Co 6 Jun 54 21 Washington Gas Light Co—No 6 Feb 23% Dec 50 18% Feb 700 6 86 Oct 33% 11. 36% Nov 300 400 Sep 15% 36% Feb May 14 19'A 33 3A 75% Feb 18 17% Jan 25 13% Nov 25 22 33% Apr 16 13% Apr 21 29% Apr 30 21. 5 19'A i 1 conv cum 57 No par 21% 26 7 100 Pictures 19% 8534 1073/4 3%% 1 preferred Bros Warren Foundry & Pipe Warren Petroleum Corp 1.220 i *7 No par 19 % 51 *43% No par 21 % * 51 Va 44 & W 21Va 26 % *110% G 21% 86 110% (Hiram) 20 13 Va 124% 100 Walker 2,800 50 21% 100 preferred 3,000 10% 35% 124 preferred common 20% 13% 13% Co 10 'A 35% 13% 4%% 2OV4 49% 13% 4% 40 RR 99 May 103 par 31> May 19 53,Va Oct 21 94 May 28 101%, Mar 31 34 Feb 7, par 20 1 com __l No par 2 26% May 19 19%'May 19 9% May 19 84 July -31 20 29%, May 13, 5 5%- May. 17;, 37% Nov 28 75 Oct 27 Feb 13> 98 Nov 107% Jan 63 Aug Oct 106 10Q. 36%, Nov, 90% Nov, 72 Jan, Jan 62% May. 107%. July 27%. Feb. 44 29% Feb 8 21% Nov 44 17%, Feb 90 Feb 1 11% Nov 233/a July 3; 34; Feb 13t10% NOV 19 81%., Sep 30' Nov 5% Oct 105 36 12 % MayJan July May Jan, 23 24 RECORD NEW YORK STOCK Range for Previous Year 1946 STOCKS 4 $ share per 9% 9% 15% 91 *90% 93 19 19% *19 19% 18'A 18% 16% 18% 18% 17 18 *18 32% 32% *'32% 46% 46% 46% 46 3 8 61% 59 59% *58 82 79% 79% *78 80 86 *85 86 68% *66 *79 86 *86 88 *65 68% *60 ' 9% 9% 37% 37% 36% 37% 12% 13 12 12% 43 43 21% 13 44 *43 *21 21% 211/4 Woodward Iron 44% 7,900 Woolworth (P W) 58 58 50 84% 80 84 % *67 69 63 900 3,899,000 a Foreign No par 14% May 19 23% Oct 23 53% Mav 17 4%% Bonds HIGH Week Ended Nov. 28, 1947 231,745 246,823 $20,246,000 $932,211,920 998,583 1,405,876 65,451,827 $958,000 $796,000 $74,037,000 $63,181,000 43,000 96,000 7,113,000 10.789,000 Foreign government 3,000 476,000 Foreign corporate 44,000 528,000 $1,045,000 $895,000 $81,678,000 $74,446,000 of shares New York Stock Exchange «» WEEKLY - YEARLY - bonds. Cash and deferred delivery sales are disregarded In the week's range, unless they are footnote in the week in which they occur. No account is taken of such sales in computing the month the bonds mature. PRICES Low 32d of a point. NEW the Week Nov. 28 YORK Low High Low Low High *104.6 104.8 *104.6 104.8 *104.6 104.8 104.8 106.22 *106.17 106.19 Treasury 3s 106.22 *106.20 106.18 106.23 *106.20 *106.16 *106.21 *109.11 109.13 *109.8 109.10 Treasury 2%s 109.13 109.11 109.13 *109.11 *109.9 *109.11 100.20 *100.17 100.19 *100.17 100.19 flTreasury 2%s 2%s 2%s Treasury *100.19 100.21 *100.18 100.20 *105.10 105.12 *105.9 105.11 Treasury 105.12 105.11 105.13 *105.10 *105.9 *105.11 109.31 *109.24 109.26 109.24 110 *109.29 *109.22 *109.30 109.31 Treasury *109.29 *110.30 111 *110.24 110.26 Treasury 2%s *110.30 111 110.24 111.1 *110.22 *110.31 Treasury 2%s 112.10 *111.30 *112.8 112.1 112 * *101.9 101.11 *101.8 2%s 2%s *102.30 103 *103.27 103.29 112.9 *112.7 112.9 *111.21 101.10 *101.8 101.10 *101.8 101.10 *101.8 101.10 Treasury 102.31 *102.28 102.30 *102.28 102.30 *102.28 102.30 Treasury *102.29 103.28 *103.26 103.28 *103.24 103.26 *103.23 103.25 *103.23 103.25 *103.24 103.26 Treasury 105.4 *105.1 105.3 *105.1 105.3 Treasury 1958-1963 1960-19B3 1948 1949-1953 1950-1952 1952-1954 1956-1958 1962-1967 1963-1968 June 1964-1969 2%s 103.28 *103.26 Treasury *103.26 2%s 2%s 2%s 2%s 2%s *102.21 102.23 * 102.26 *102.20 102.22 *102.9 102.11 *102.7 102.9 *102.6 102.8 *102.6 102.8 *101.29 101.31 *101.28 101.30 *101.27 101.29 *101.27 101.29 *102.20 Thanksgiving Day 102.22 Treasury *102.6 102.8 Treasury *101.27 101.29 Treasury 2%s Dec. 1964-1969 2%s 2%s Treasury 2%s 1965-1970 1966-1971 June 1967-1972 Sept. 1967-1972 Dec. 1967-1972 1951-1953 *101.27 101.29 *1.01.26 101.28 *101.26 101.28 Treasury 101.30 101.28 *101.28 101.29 *101.26 101.23 *101.25 101.27 *101.25 101.27 *101.25 101.27 Treasury *101.27 *101.25 101.27 *101.24 101.26 101.26 Treasury 101.28 101.26 *101.26 *101.24 *100.31 101.1 *100.31 101.1 *100.31 101.1 *100.31 101.1 *100.31 101.1 *103.17 103.19 *103.15 103.17 *103.8 103.10 *103.7 103.9 *100.31 101.1 *100.31 101.1 *100.31 101.1 *100.31 101.1 Treasury Treasury *103.22; 103.24 *101.24 *101.26 Treasury 2%s , 2%s 2'As 2%s 2%s 2 %s *100.31 101.1 *104.4 104.6 *104.3 104.5 *104.3 104.5 *104.2 104.4 *104.1 104.3 102.25 *102.23 102.25 *102:23 102.25 *102.23 102.25 *102.24 102.26 Treasury *102.23 *105.20 105.22 *105.20 105.22 *105.20 105.22 Treasury *103.13 103.15 *103.12 103.14 *103.12 103.14 Treasury *100.14 100.16 Treasury 2 %s *100.14 100.16 Treasury 2%s Treasury 2s *105.19 105.21 *105.20 105.22 *103.14 103.16 *103.13 103.15 *100.13 100.15 *100.12 100.14 *100.12 100.14 *100.13 100.15 *100.13 100.15 *100.12 100.14 *100.12 100.14 *100.13 100.15 « *100.3 ■ 1 O « 1—, _ UTreasury 2s 100.11 * *100.9" 100.11 *100~8~ 100TO *100.8 100.10 *101.5 101.7 *101.4 101.6 *101.4 101.6 *101.4 101.6 *101.4 101.6 *101.5 101.7 *101.5 101.7 *101.5 101.7 *101.5 101.7 *101.5 101.7 101.10 *101.8 101.10 *101.8 101.10 *101.8 101.10! *101.8 101.10 Treasury 2s *101.8 Treasury 2s *100.9 100.9 100.11 Treasury 2s Treasury 2s *101.11 101.13 *101.11 101.13 *101.11 101.13 *101.10 101.12 *101.10 101.12 101.15 *101.12 101.14 *101.12 101.14 *101.12 101.14 *101.12 101.14 Treasury *101.13 *101.17 *101.16 101.18 *101.17 101.19 *101.16 101.18 *101.16 101.18 Treasury 2s 101.19 101.23 *101.20 101.22 Treasury 2s 2s 2s *101.22 101.24 *101.21 101.23 *101.21 ♦101.25 101.27 *101.25 101.27 *101.26 101.28 *101.26 101.28 Treasury *101.27 101.29 101.28 *101.26 101.28 *101.26 101.28 *101.25 101.27 *101.24 101.26 Treasury 2s ♦101.26 101.31 *101.29 *101.28 101.29 *101.29 101.31 Treasury *103.22 103.24 *103.23 *100.13 100.15 *100.13 100.15 *100.12 100.14 *100.12 ♦100.15 100.17 ♦100.15 100.17 *100.14 *101.22 101.24 *100.16 100.18 * 98.6 *98 ♦Bid 99.24 and 98.16 103.25 101.30 ♦101.28 101.30 *101.27 103.25 *103.22 103.24 *103.24 103.26 2s Treasury 2s 100.14 *100.12 100.14 Treasury 100.16 *100.15 100.17 Treasury *97.4 98.2 10,000 *97.6 98 54,000 98.12 97.28 98.8 98.12 No sales 98.8 transacted this day. l%s l%s 98.8 (IBeing called for redemption March 15, 1948 at 100. 10-year —1956-1959 June 1959-1962 Dec. 1959-1962 1947 March 1948-1950 Dec. 1948-1950 June I94y-l95i Sept. 1949-1951 Dec. 1949-1951 March 1950-1952 Sept. 1950-1952 1951-1953 1951-1955 June 1952-1954 Dec. 1952-1954 1953-1955 1948 1950 2%s 25-year a 3s Odd lot 104.25 107.20 111.23 101.8 106.13 Sep Oct Sep July July 30 3 22 24 24 106.6 108.21 112.6 102.6 106.13 Feb Feb Feb Feb July transaction, 1957 1972 Previous Year 1946 Highest Lowest 2l 4 3 4 24 111.18 Feb Jun 110.3 Jan 112.21 Aug 115.26 102.11 Dec 102.12 107.5 Deo 109.22 Feb 113.12 Aug 115.23 Apr 113.3 Nov Deo _ Nov 113.3 114.8 May 14 114.8 May 14 — _ 104.12Feb 21 104.12Feb 21 118.23 Apr 106 Feb 106 118.15 Mar Apr 107.15 Jan 106.16 May 105.29 Aug 107.5 Jan Jun 108.4 Jun 108.4 104.24 July 14 104.14 Sep 2 104.4 Jan 2 102.5 102.5 102.3 102.12 105.17 101 Nov 8 Nov 10 Nov 7 Oct 14 Jun 2 Nov 18 104.24 July 14 104.23 Feb 14 104.18 Apr 30 104.4 Jan 104.10 May 104.15 Apr 103.20 Apr 105.17 Jun 103.19 Apr 13 9 12 9 2 10 104.7 Nov 107.27 Apr 107.4 Apr 103 Jan 107.9 105.22 May Apr 107.19 Apr 102.22 Jan Apr 102.11 Jan 107.9 102.11 Jan 107.10 Apr 101.16 Jan 106.15 'Apr 106.28 Apr 109.15 Feb 101.15 Jan 106.16 Apr 106.15 Aug 106.15 Aug 108.17 Aug 10~8.17 104.22 Sep 107.14 Apr __ __ 105.17 Feb 7 102.6 Sep 30 102.5 Jan 6 105.18 Sep 8 102.24 May 14 102.24 May 8 100.29 Jan 104.10 Apr 7 100.13 Nov 7 i • ' _ _ 102.4 102.23 102.30 102.28 102.28 July 22 Apr 24 Apr 24 Jun 13 July 21 100.30 Apr 9 100.26 Oct 20 ; ; : 97.28 Nov 25 98.8 Nov 25 102.12 Apr 9 102.6 May 27 102.23 Apr 102.25 Apr 103.1 Apr 103.2 Jan 103.4 July 101.2 101.8 9 12 26 24 21 Jan 29 Apr 26 ! 'Apr 102 '• Apr !•__> .r--: Deo 102:8 ; Jan 103.9 Jan 10~3_.22l rRegistered bond transaction. • - -"TTTTTTH Dec Jan ' i Feb Mar 102.16 Oct 104.3 102.20 Oct 103.13 May 104.14; Jan 103.13 May 102.14 Nov 104.26 Peb 102.22 NOV 104.29 Peb 101.14 May 101*. 31 101.3 Mar 102.17 Mar Sep •- 5 ;'r ' ■ • 102.00 July 15 103.4 July 15 m 104,7 f 102.8 103.7 . Apr 103.9 102.12 Apr 9 102 July 7 • Aug Jan 101.4 • 100.13 Nov i 1 . 102 ? • , 1952-1955 1954-1950 International Bank for Reconstruction & Development 97.28 98.13 asked price. *103.23 1949-1952 1951-1955 1955-1960 1948-1951 1951-1954 1956-1959 3%s *100.18 *102.24 Range for Range Since January 1 Lowest Highest STOCK EXCHANGE Bonds ($) High the only transactions of range for the year. GOVERNMENT BOND* Sales for Friday Thursday Nov. 27 *105.2 1946 Bonds $1,234,53^,600 105.4 28 Jan. 1 to Nov. 127,757,414 Domestic 18,906,000 *105.2 188,000 $1,045,000 1947 1946 1947 73,607,400 1,142 122,700 *103.23 343,000 $44,000 $43,000 Week Ended Nov. 28 70,682,520 837,418,400 105.5 194,000 10,000 32,000 $958,000 1946 21,000,000 103.25 $2,000 - to Nov. Jan. 1 1947 High Total 245,000 158,000 998,533 Total Low Value) Foreign Corporate 11,000 Thursday 4,395,000 Stocks—No. *103.23 Exchange 26,000 Holiday $18,801,500 *105.3 Apr $6,000 181,000 307,000 *104.6 102.2Q__102.22 239,000 219,235 $17,840,000 $3,111,000 103.25 Jan 14% Jan $75,000 217,310 104.10 112.7 42% Sep $75,000 Tuesday *104.8 High Dec 9 Bonds (Par 333,406,740 Nov. 26 19 Ve 31 Foreign 83,470 Saturday 225,631,832 Wednesday Jan Government Domestic Shares) Wednesday for income and defaulted SALE 31 7 10% Jan of and when outside of the regular weekly range are shown in a italic letters in the column headed "Interest Period" indicate in each case the when Figures after decimal point represent one or more Nov. 25 83% May Nov 15% Stocks 3,638,000 1,268,000 Tuesday 35*% Sep It sales, wd When distributed, x Ex-dividends, y Ex-rights. 4,206,000 The Nov. 24 Oct 57% July 25 5 (Number 4,374,000 FRIDAY Monday 5% Jun Jun 21 21% Feb May 17 14% May 19 No par 1 Corp Products Sales $1,227,000 Bond Record Nov. 22 .No par Apr 25% 20 Oct 83 Feb 82% Daily, Weekly and Yearly 4,578,205 $17,840,000 Saturday preferred & Wire cum Bond 1946 "and interest"—except 11 45 Aug 106 50% Mar 31 Total Government $64,000 16,083,000 ; High 61% July 27% Jan 3 16% Feb May 19 Transactions at the New York Curb United States Int'l Bank 1,693,000 Foreign Railroad ft Industrial Low Oct 13% Nov Jan 10% May 19 41 common Young Spring York Stock Exchange $64,000 International Bank AND 33 33% Aug 28 1 50 Corp Deferred delivery, n New stock, r Cash sale, s Special $72,000 LOW Deo Zonite Bonds U. 8. Government are 13% Zenith Radio Corp 3,812,320 Stocks—No. ol shares NOTICE—Prices 18% Feb 1,700 1947 week, 70 Va Mar 2,200 Week Ended Nov. 28 the 23 May 17 8 6% $1,693,000 $16,083,000 Total Nov 62 87% Youngstown Sheet & Tube—No par 600 700 6 % Bonds Bonds $52,000 361,000 $19,000 407,000 35,000 377,000 10,000 Holiday 496,000 Bonds $1,175,000 3,994,000 3,764,000 3,251,000 3,812,320 Total Feb 19% Railroad of and Miscel. 927,860 80 19 tin receivership, sales on this day. Thursday-" Friday 29 15 Daily, Weekly and Yearly —— Oct Youngstown Steel Door Transactions at the New Tuesday May 1,400 6 '4 Monday- 103 57 Sep 75 % Dec 59% Oct 17 19% Wednesday Apr Feb 16% 6% Shares 100 100 18 19% 324,150 788,280 864.570 907,460 74 Sep 9 6,600 6% 28,1947 Sep 84% Jun 76% 19% Week Ended Nov. 47 84 20% 19% Feb 53 68% Feb 75 20'4 May 62% May 94 % Apr 42% 20 Jun 52 Sep 24 77% 20% 160 Feb 43% 79 % Nov 21% *20 % Mar 34 48% May 19 43 xl7 % 142 10 Nov 33 25 Mfg Co Towne & July Feb 21% Oct 145% May 19 May 19 43 series *201/2 18% Saturday 14 X42 % 18 % Number 17 Yale 76 101 21 25 Oct Nov York 76% Stocks, 18'/8 Nov % Nov 32 1,500 18% no 15 135 2,300 78% and asked prices; 15% July 21 12% 18% *Bid 19 Nov 35% 77% 6 'a Nov 19 12% 18% 6 % 28 20 36% 78% 614 99 25 36 *18% 6% 19 27 Nov Xl2 ' 6 Nov Jun 9% 77% 78 1,100 9% Jan Jan 21 12% Sep 95% Sep 97/a *9% 23 16 100 Prior pfd 4%% conv series—100 Wright Aeronautical No par Wrigley (Wm) Jr (Del) No par Wyandotte Worsted Co 5 40 62 Co pfd 4%% Prior Oct 16 10 10 (new) 17 share 24 91 P & M (Del)—No par Worthington 300 80 63% 9% 22 86% 2,500 *78 69 64% 44 79% CLOSED 63 9% 13 STOCK EXCHANGE 69 Co 32% 11 26% Nov 9 64% Oct 10 10% May 19 Highest t per S per share 13% Feb 51% Sep 100 preferred 6% 144 44% 45% 60% 63% *63% 200 32% 32% 68% 9% 21% 8,600 *84% 64% *43 2,800 16% 16 *137 *78 9% . 16% 16% 16% 16'/a 144 58 % * 64% 37% 1,500 44% 46 '/a 60 63% *37 18% 32% 32% 32% *59% 45 % 93 *18 *137 144 32% *90% 183/a 15% 16% 15% 5,900 15V4 91 16'/a 16% 16 15% 14% 900 15'/a *18% 19% *137 58% 58 $ per share share 6% May 17 Willys-Overland Motors com 1 $4.50 conv pfd series A No par Wilson & Co Inc com No par $4.25 preferred No par Wilson-Jones Co 10 Wisconsin El Pwr Co "Reg Way"_l0 Common "when dist" 10 9,000 91 15% 93 18% 8% 8% 59% 59 60 *90% 144 *135 144 *137 87/a 9 15 15% 15% 15% 91 share 59% 60% eo% 61 *60% 9 % 9 8% per 87/a share per Highest t per Par Shares $ per share 1 per share share Lowest Lowest EXCHANGE the Week Nov. 28 Nov. 27 S per Range Since January 1 YORK STOCK NEW Sales for Friday Thursday Nov. 26 Nov,.25 S PRICES Wednesday Tuesday Nov. 24 Nov. 32 SALE HIGH AND LOW Monday Saturday 1947 Monday, December 1, CHRONICLE & FINANCIAL COMMERCIAL THE (2228) 1 » 1 ;• !■?% THE COMMERCIAL & FINANCIAL CHRONICLE Number 4651 Volume 166 YORK NEW RANGE Week's Friday Interest Stock Exchange Last or Period BONDS York New Sale Price LiU WEEK t\ Low Range Since Sold January 1 No. Low High York Unification Issue— Interest (Republic of) loan of 5s to 6%) 6s 1942 External extended 4s extl 3 Vis 3s extl French REctor 2-2300 120 Greek New York Stock Exchange Broadway, New NY York 105 Va 106 105 Va 105 V'e *105 A-0 A-0 J-J 111'/a 110 98 99 90'/a 183% 100% 28 102 1 98 '/a 115'/a 84 83 Va 102 101 1955 F-A 91 Vi 91 Vi 91 Vi 11 817a A-O 83% 83% 84 22 75'/a 102'/a 1017. Jan 1,1976 Jan 1,1976 t *55 J-J J-J 53 45 'A 13 62 397s 62 43% 53'A 48 36 38 19% 20 14 84 35 98 3& 5 105 —Jan 1,1976 Republic J-J 1W49 M-S *99 Va 103 Vi 1960 A-O *78 i960 M-Jf 1957 1954 A-O 1943 extl J-J 1967 M-N 9 9% J-J 87a 97a 16'/a 7s 7s 38 Government— part A6s 1-1693 106 106 A-0 1962 (Republic of) A7s T eletype 104'/a 116'/a 104y8 107'/a 105'/a 115'/a 111'/a 102 f $ f 102'/a -- *100% 1942 $ s s AEstonla Wertheim & Co. f s 102% *114'/4 116 J-J Range Since January I Low ' High No. of)— iJttepubuc extl Sold 100% F-A (called bonds) oaivaaor Bonds — *102% J-D 1960 to gold 5 '/2b gold 4 Vis External Wti High 1949 lADenmark 20-year extl 6s Foreign Securities Friday's Bid & Asked 1977 4Vis 4%s external debt ASinklng fund 8s series B 1952 Stamped assented (int reduced Members or M-S 1949 1914 Sinking fund 5 Vis 1953 ACaechoslovakia (Rep of) 8s ser A_1951 Telephone Sale Price Week's Range Last Period Exchange Low 114 % 105 A 33 10511 IO6V4 106 J-D Stock High External 1980 >S BONDS New Cuba Corporate Stock 3% (2229) RECORD NOVEMBER Friday Bonds netl New York City Tranidt BOND ENDING Range Friday's tv FOR " part Heislngfors paid (City) ext 6 Vis Irish Free State extl s f 5s_ AJugoslavla (State Mtge Bk) AMedellin (Colombia) 6Vis 7s 85 * 57s 7 105 12 45 29 22 41 40 41 153/a 100 % 104 100 *5% J-D 16% 6'/a 74'/a 6% Vi 6 7% 7% 7% 1964 1968 paid™ Mexican Irrigation— §A4Vis assented Foreign Govt. & Municipal Ass'td Agricultural Mtge Bank (Colombia)— § AGtd sink fund 6s 1947 sink AGtd Akershus fund iAAntioquia 407a 41 10 21 45 40 % 41 3 19% 45 A-0 41 40 7a 41 6 18% 45 2d 7s 1958 •_ 15-year 33/«s f External s f external 8s Stamped pursuant to Plan A (Int reduced to 3.5% ) s 45 84 88% 95 88% 82 87% 91% 88'/a 88 89 '/4 89«A 89% 25 89 74 87 87 87% 85 87 101 102 107% 1 104 7a 109 J-D 112 112 J-D 1979 1957 A-0 — 33As Series No. 5 44 3Vis Series No. 8—. 3Vis Series No. 9 3 Vis Series No. 12 14 15 2L 5174 7 44 63 637a 637a 6 56 70 53 74 *50'A 55% 9 62 617a 65% 617a 6174 15 67 7a 67 Va 1 693/8 65 85 74 66'/a 83'/a 78 83'/j 70 62 1 61 61% 3 83 7a 62% 56 Va *6178 6178 61% 61 % 62'A 55'/a 10 *61 63 55 6 61 V'4 61% 6 61'/4 62 % 55'/a __ 62'/a 553/8 61% 8 55 62'A 55 62 61 Va 61 Va 3 55 62 62 1 54 3A 62 "2 *60% 62 bl *61 7a 63 — 61 Va — 3Vis Series No. 26 — 54% __ __ *61 62 3Vis Series No. 29 __ 56'/a M-S F-A J-D 55 *60% 54% *60% — 99 7a 62'/8 62 62 62 5 96 102 96 104 13 99 >2 *96 7a 100 99% 100 Vi 102 -- 62 62 55'/a 8 *60% 3Vis Series No. 28 63 547a 63 61 62 62'/a 57 Va 10 61 Vi 61 61 Vi — 3 Vis Series No. 27 62 62 60 42 61% 61 *60% 61 Va 547a 62 *60% — 1957 1958 1950 a 66'/a 55 _ 62 61% — f 5s Sinking fund gold 5s Sinking fund gold 6s 65 66'A 72 61;,4 3Vis Series No. 24 3Vis Series No. 30 65% 653A 64 *6174 *66 7a 3Vis Series No. 23 • 61 43 65'A — s 59'/a 44 — 55% 55% — 1023A of) — 1984 external s f $ bonds 100 J-J of) (Dominion 1942 1960 A-0 J-J J-J M-N M-N A-O 1960 92% 1 100 100 H-4 O O Feb 1961 F-A s 1961 1954 1942 (City) 8s JAChile (Rep) External f 7s §A7s assented AExternal sinking fund 6s A6s assented AExtl sinking fund 6s A6s assented _ 109'A 104 Vi 104 74 104 7a 55 104 Vi 110 7a e *217a 207a M-N 69 102% J-D 102 102 "l 99% 102 M-S 106 106 6 105'/a 106 iAPernambuco (State of) 7s 1947 Stamped pursuant to Plan A (Int reduced to 2,1257c)—.—2008 A Peru (Rep of) external 7s 1959 ANat loan extl s f 6s 1st ser 1960 ANat loan extl s f 6s 2d ser 1961 M-S *31 37 32% 40 *23 7a 29 24'/a 36 22 AStablllzation loan A4%s : 5s__ A 68 A4Vis assented APorto 217a 21% 1 207a 21 % 10 18 7a 18% 6 18'A 273/4 21 — Oct 1961 25% 19'A 217a 18 7a 18% 3 18'/a 18% 3 23% 173/4 26% 173/4 27 27 17% *7'/2 10 Vi 16 -- *74 A-O M-N F-A J-D Af-N 45 1947 Copenhagen (City) 5s__ 25-year gold 4'/is ACosta Rica (Rep of) 7s 1953 1951 M-N __ 173/4 27 477a 41 *45 — 54 45 45 84'A — 15 A-0 21% 19 21 A-0 *8 7a A-0 *874 A-0 *16% A-O ~8'/a J-J 10 Stamped pursuant to Plan A 'Tut reduced to 2.25%) 2006 J-D 10 *34 — 29 A-0 2012 F-A A-0 *36 Vi A-0 1921_^ 1946 Stamped pursuant to Plan A (Int reduced to 2;5%) ;-1999 ASs external sink fund gold 1968 26 26 J-J 2001 1953 *34 — —- 1946 de Janeiro (City of) 8s diamped pursuant to Plan A (Int reduced to 2.375%) AExternal sec 6Vis i ARio Stamped pursuant to Plan A (Int reduced to 2%) Bio Grande do Sul (State of) — {A8s extl loan of Stamped pursuant to Plan (Int reduced to 2%) A7a external loan of 1926 Stamped pursuant (Int reduced to municipal loan Stamped pursuant (Int reduced to A 2012 1966 to Plan A 2.25 %) 2004 1967 a7s to Plan A 2.257c) Paulo (City) 8s Stamped pursuant to Plan (Int reduced to 2.3757c) A6Vis extl secured s f Stamped pursuant to Plan 'Int reduced to 2%) Paulo (State) A 8s 28 Vi F-A *33 -- 25 25 *34 — 1952 1957 J-D 1936 A 1"9 1 10 10 7% 8% -- — — — 1 26 43 4 42 — 9 25 7a 38 29 33 39% 25 33 34 — 28 7a — 41 26 35% 31 39% 25 35 34 40% M-N 27 35 32% 4 30 37% 26 26 J-D 1 26 *32 "2 — *25 J-D *32 Va — 28 41 — M-N — *25 J-j *42 -- *33 J-J 32 33 39 31% 35 42 37 31'A 42 24'4 20 36 7a — 33 27% — 30 33 -- 31 39 25 -- CM m M-N 23 31 24% 3 — -- 41 40 447a 68 37'/a -- 647a J-J 46 67 1950 external Stamped pursuant to Plan (Int reduced 2.5%) *33 40 42 65 48 56 '/a A *42 -- -- — 82 . 16'/a 90 *16% 18% 90 41% " •. s f 7s 1940 — Stamped pursuant to Plan A (Int reduced to 3.57c) *33'/2 35 33 55 *79 85 'A 85 91% *69 A-0 A-0 A-0 1978 73 657a 803/4 For Financial In$titutions FOREIGN SECURITIES FIRM TRADING MARKETS 42 53 CARL MARKS & P.O. INC. FOREIGN SECURITIES SPECIALISTS 62% 50 50 50 Broad Si.. Now York 4. N. Y. 54% 45 7 . I ASecured J-J 25% 1 „ 85%., 80 - water loan 79 97'/a 22 78 16 20% 2-0050 : Teletype NY 1-971 96% r— Telephone HAnover —— ■F' For footnotes see page 28. . ' 1 m 1 1 1 1 1 1 —w 243/4 21 38 32 1 29 33 32% __ A 2012 21% 27.78 * 2001 29'/a 7% 3 8 7a 21 16 3/i 27 7a A 8s Stamped pursuant to Plan (Int reduced 2.57c ) — 2004 ASan __ *7% J-J 8 __ 8 7a 2001 1966 .... 253/4 17'/a 72 46 *45 81 22 27 72 *74 1947 1946 lAColombia Mtge Bank 6V2S §ASlnking fund 7s of 1926 5 ASinking fund 7s of 1927 16% 26 7% __ 18 173/4 19% 12 18 % __ 46 Va 21% 16 7a 25'/a 21 18% A-O 15 273A 19 Vi __ A-0 16 31 26% 19 19% J-J 1961 8s 21 16'/a 273A 19'A __ 1970 (City of) Alegre Stamped pursuant to Plan A (Int reduced to 2.375%) AExternal loan 7 Vis 16% 16'A 16 7a J-D 2012 M-N Jan 1961 of 1927 ,3s external s f $ bonds assented—, fund gold 8s AExternal sink 16% 16 74 M-S Stamped pursuant to Plan A tint rt-uueed to 27c ) M-N — 1958 1947 1968 1950 1963 f 7s M-S — 4 *• . s — 59 A-O J-D Ry) (Hukuang iff i940 (Rep of) gold 6s AiVis assented lAPoland *100 60 1963 1951 t♦ assented, 5s 40 A-O AChinese (Republic)— 48 1963 Colombia' (Republic of)— A,6» Ofi 1928 104 *38 1962 __ 94 2004 1968 6 MrS M-S 1 28 *21.7a Af-N 94 1967 A-0 273/4 12 _1960 10S 183/4 20% —I960 98% 100 69 94 100 1053/4 1 18% 21 20% —1962 89 89 100 10 __ 207a assented—— 89% 89% A-O 427a 207a assented 90 F-A 42% J-D A 6s 1053/4 4.9 207a AOhilean Cons Munic 7s 90 88 9 ■*33 'i 20'/a Af-N 106 2 36 *39 M-S A-O ' 92 90 J-J 28'/a __ 92'/a 90 M-S 273/4 __ 92 A-0 1099 1956 28% A-O M-S Stamped pursuant to Plan A (Int reduced to 2.257c) A6s extl dollar loan 18'/a 1961 —1962 97% A7s extl 19'A .1961 33 92 2 273A 20% assented——— ^Guaranteed sink fund 6s 25'/a 92 273/4 1 A6s 25 Vi 92 M-N 27 7a 59 ^Guaranteed sink fund 6s 407a 25% 1 19 'A 21'/a 18 Vi 33% 34 ~5 19 21% J-D J-D J-D 34 34 20% 21 1957 _1957 1961 1961 26 29 *25'/a MS 6 2174 : 40% 34 21'/a Mortgage Bank 6'/2S V} A6%? assented ASinking fund. 6%s_— ■it A6ViS assented—— 12% 33 — 20'/4 20% A Chile 39 7a 20% 20 7a 207a 2174 A 6s assented A 7s 263A 20% A6s assented *33 J-/ *21 Va 20% 82 20'/a J-J AExternal sinking fund 6s •• 64 72 *217a M-S . ■ 104 J-J Sep 1961 —_Sep 1961 AExternal sinking fund 6s 1962 4;, 56 1961 Jan assented., AExtl sinking fund 6s , A6s assented , 105 7a Jan 1961 ARy external s f 6s A6s 104 F-A Feb 1961 1960 374S 25-year ACarlsbad 104 A-O 4s us U'/a *11% 1963 1994 •ASan Canada 14 12 'A J-J J-D Stamp mod 3'As ext to Ext sec ref 3Vis series B 55% 62 10 "97a 1970 1955 Municipal Bank extl s f 5s_ sink fund 4Vis Oslo (City) A Stamped *79 3Vis Series No. 22 external f s Fanama 65% — 3V4s Series No. 21 3Vis 73% 29 — 19 4» sink fund extl loan 55 62 — * J-J 1965 1963 1957 11 26 — 17 3Vis Series No. 18 6'A 11 *9% J-J 1957 1956 3%s (Kingdom) External 64 *66% — 3Vis Series No. 16 11% 6% J-J 73% *66 7a — 3 Vis Series No. 11% 2008 (Kingdom of)-4 Vis a fund,4Vis Norway 63 62 — 3Vis Series No. Stamped pursuant to Plan A (Int reduced to 2.125%) 43% 61 74 — 3Vis Series No. 13 187a 15'/a 11% J-J 1959 55 67 Vi — ASec external s f 6Vis 33 62 — 11 11% J-D 1958 25 6174 — 10 3Vis Series No. 17% 12% Q-J Stamped pursuant to Plan A (Int reduced to 2.125%)_—2008 51% 613/4 — 3Vis Series No. (State)— ASec external s f 6Vis 51% *50 Vi — (Province 60 62 — 3Vis Series No. 25 11 62 — No. 6 3Vis Series No. 20_i._ 70 507a — __ 3Vis Series No. 7 J-J Geraes 64 62 — Mlnas 63 — — 3 Vis Series Q-J 1945 agree_1963 AAssenting 4s of 1904 1954 Ass'td to Nov 5, 1942, agree_1968 SAAssenting 4s of 1910 1945 Ass'td to Nov 5, 1942, agree_1963 jATreasury 6s of 1913 assent___1933 AAss'td to Nov 5, 1942, agree_1963 507a A-0 33As Series No. 4 1942, agree_1968 517a — — 3Vis Series No. 116 56 1 63 Vi i. 3%s Series No. 3 5, extl 5s of 1899 £—1945 63 — A-0 J-D 3 Vis Series No. 10 7 '/a 9 112 63 Va 63'/a J-D A-0 3%s Series No. 2 Nov. lAAssenting 5s of 1899 Ass'td to Nov 5, 1942, Netherlands 7 104 7a 104 7a 3%s Series No. 1 to (US) 99% 104% 1057a 1978 funding bonds of 1931 due—1951 Stamped pursuant to Plan A (Int reduced to 3.375%) 1979 External $ bonds of 1944 (Plan B)— 3% 897a 104'/a A-0 J-D Aires 102 38 83% 887a 1979 1952 Buenos 109 % 90 91% k f 6'/aS of 1927 (City) 103 99'/a 11 166 90 101 90% 104% 1957 Stamped pursuant to Plan A (Int reduced to 3.375%) A7» (Central Ry)_— Stamped pursuant to Plan A (Int reduced to 3.5% ) Brisbane 98 1017a 101 % 102 7B 102 M-S . 1978 f 6'/as of 1926 Stamped pursuant to Plan A (Int reduced to 3.375%) AExternal 45 24 1941 7s s 26'/a 48 J-J 1955 (U S of) AExternal 11 42 F-A J-D J-D J -D F-A 1949 6s lABrazll 42 40 1955 Belgium external 6V2S s 41 42 J-J 1956 1957 —1967 1966 1962 External 42 J-D 5s of '25-1955 external 5s 3'As 10-year 3Vis 20-year 3>/as 20-year 3 Vis 453A 25 f 7s 3rd series-..1957 s (City) 17 41 f s Australia (Commonw'lth) 10-year 46 25'/a 12 42 41 1st series f 7s sec 43 A-0 1945 AExternal 41 41 1957 1945 f 7s series D sec 42 42 1053A series—1957 f 7s series C s 89% &J3I, J-J J-J J-J A-0 s AExternal AAntwerp 1945 s lAExternal lAExternal AExternal *88 1945 s fAMexico 79 61 *66 M-S J-J f 7s series B lAExternal 81 79 __ ' A-O 1908 4s coll 7s A (Dept) F-A 194» 6s (King of Norway) 78 *66 25 6 COMMERCIAL THE (2230) & FINANCIAL CHRONICLE Monday, December 1, 1947 111 tNEW YORK RANGE Friday interest Exchange Stock Sale Price or Friday's Bid Si Asked Low Serbs Croats & Slovenes A8s secured A 7s series B sec extl (JProv of) A41/2 s assented extl 1962 M-N 1958 J-D J-D 1957 1946 Sydney County Council 3%s {AUruguay (Republic) extl 8s AExternal <'5% M-N 1962 7s 5V4 •11 Sold No. Low F-A 6% 10 Va 10% 4% 5% 6 93 140 26 13 8 121 20% 6s 1960 M-N 1964 M-N 130 *120 3y8-4,/8-41r^s extl 4.41/4.4 i/2S exti , M-N 1979 M-N *82 J-D a F- A *96% 1978 conv Interest Sale Price Week's Last Period Stock, Exchange Range Friday's or Bid Si Asked Low General gold 4'/2s ig92 impt mtge 3J/2s D— Ref impt M 3%s series E & R & A Div 1st 1978 3%s extl readjustment 1984 A Warsaw (City) external 7s———1958 A4Vas assented 1958 87% M-N 1996 High 101 J-J 1989 4s Bonds Sold No. 4 129% 129 V4 F-A 1989 gold 4s cons 2d consol gold M-S 1996 Ref & General 4s J-J 1958 87% 86% 100 83% 24 89 89 100% 88% 85 100 98 Vi 93 102 J-J 90 90 84% 90 F-A *9% 16 18 21% F-A *5% 7 17% 5% & & ref 101 11 102 3 * January 1 Low High 129 Va 143% 101 107 124 — 102 % 107 V\ 132 124 123% — Range 124 1 102% 102 % __ mtge 3y2s 1st & ref mtge 2%s_ 4 Vis ref series B .124 107% 108 J-J 1977 F-A 1985 1st 1st 1979 readjustment York Chicago Burlington & Quincy RR— *120 6s — Friday BONDS New 101 Va- *120 fund fund 1937) £8 High 5 93 a J-J sink .(External conversion RECORD NOVEMBER Range Since January 1 19 *7% 'AExternal sink 33/4-4-4VaS ($ bonds of External readjustment ENDING Chesapeake & Ohio Ry— —1958 ASilesia High Bonds (Kingdom)— external BOND Week's Range Last Period BONDS New York WEEK FOR F-A 113 Vb 7 107% 114% 113 Vb 113% 1 112 »/4 115% 97% *96% 100 1970 F-A 1997 J-J 1985 M-N 1982 M-N *116% 1988 J-J Jan 1 2038 J-J 104 100 Vis 94 94 14 94 34 35 % 74 25 74 74 -- Chicago & Eastern 111 RR— AGen 1st mtge mtge inc 3%s 5s conv B ser Chicago & Erie 1st gold 5s Chicago Gt West 1st 4s series AGen inc mtge 4%s A 34 Va 5 — — 40 71 44% 88% 118% 140 77% 88 56% 77% 79% 54 54 4 45 52% 53 2 49% 37% 37% 1 32 45% 88 88 1 87 99 77% -- Chicago Ind & Louisville Ry— A RAILROAD AND INDUSTRIAL COMPANIES A 2d adams Express coll M-3 1967 M -N *104% Power 1st mtge 3Vbs 1972 Albany & Susquehanna RR 4V2s__1975 Alleghany & Western 1st gtd 4s__1998 J- J 1956 M-S 96% 2030 American Telephone & Telegraph Co.— 2%s debentures 1980 M-S 105% F-A 92% tr gold 4s Great -Southern 3%s Alabama 100 A-O 1975 A-0 debentures 1986 J -J 1961 3-D 2%s debentures 1982 A-O 2%s debentures 1987 J-D 2%s 1957 J-D 92% 92% Arbor 1st 1962 96% 101% 91 105% 108% 52 93% 94% 108 93 92% 103% 93% 103% 79 93% 94 89% 80 Va 104 % 104% 92% • 94% 108 92% 78 89% 104% 119% 35 92% 101% 40 95 108% 94 Vi 102 % 1,850 107% 112% A-O 101% 101% 102 18 101% 105% A-O 102 101% 102% 37 101% 106 Vi Q-J 1966 A-O A-O 1995 1995 *__ 93% Nov 95 y« 84 97 V. 95 *96 Adjustment gold 4s Stamped 4s July 1 July l 118 % 119% 35 — 108 M-N 108 108 — 11 118% 132 116 118 108 119% 102 118% 107 Atlanta & Charlotte Air Line Ry— 1st mortgage 3%s .1963 Atlantic Coast 1st cons 4s July 1952 General unified 4Vbs 1964 A Atlantic & Danville Ry 1st 4s .M-N M-S ^ 1011% 102 % J-D 100 27 99% 100% 23 107% 101 % 98 111% 1948 mortgage 4s Atlantic Refining 2%s debs ■J-J 31 31 32 2 28 41 1948 Second J-J 20 19 20 7 17% 30 V4 1966 J-J 98 98% 2 103% 98 mtge 4y2s inc 1983 ser A Chic Milw 1st St Paul mtge 4s mtge Pac 4%s inc 4%s conv inc Chicago & North 2nd mtge RR— mtge 4s July 1 1948 A-O 85% 85% 87 87 88 Vi 96 101 79 Stamped modified bonds 1st mtge 5% Fixed at S'western Div July 1 mtge 5% 1st 1948 (fixed int at 3%% ) A-O 89% 74 1950 J-J 73 Vi 73% 7512 7 Feb 1 2010 Ref & gen mtge 5% (2% fixed and 3% contingent interest.— May 45 V* 45 % 46% 206 Conv 4Vis income Series G Series A inc 67% 88% 123 49 64 Va Apr 60% 60% 61% 120 60% 83% 97% 101% Ry— 4y2S—Jan 1 1999 1989 Series and M 3 3.5 % Series J-D 59% 59 % M-S 58'% 58% (2%% 59% 111 59 Va 34 M-S 59 % 59 Vi 59 7 J-D 68% 68% 69 54 74 51% i 73% 58 52 71 8 V 60 ■ 73 Va J-J 86 85% 87% 61 1934 A-O 53% 53 % 55% 331 series A 1952 M-S 60 60 61% 46 i960 M-N 13% 14 68 1951 J-D 100 4 1951 §ASecured 4yas Gold J-D 1951 J-D 3yas Memphis Div 1st gold 4s Chic Terre Haute & S'eastern Ry— 1st & ref M 2%-4%s 1994 Income 2%-4V4s 1994 1st mtge mtge 1st 3V8S 2%s series Pgh Lake Erie & West Va Ref 4s series A 1980 4s series _19R9 D 1985 83 J.r J-J 1963 G ser ref 4s 1951 1951 § A Debentures 5s part paid 1957 JAChoctaw Okla & &Gulf cons 5s__1952 Cine Gas & Elec A-O 4s conv series D 1st mtge 2%s Union Terminal— Cincinnati 1975 1969 & Wab St L Creek Extension 1st 3Vis Bell Telephone of Pa 5s series C Beneficial Indus Loan 2 Vis debs Bethlehem Steel Div 1961 1993 1960 1961 tr 8 11 90% — 96 96 3 122 100 95% 23/4s ser I 1970 J-J 23/4s ser J 1976 M-N 97% — 97 *96'/; 97 5 a 97 68 — mtge 5%s series A mtge 5s series B 1st mtge 4%s series C Southern 1987 M-S 1st mtge 5s series II 1955 1st mtge 4%s series JJ 1961 1st mtge 4s series RR 1960 Ainc mtge 4Vis ser A July 1970 Bklyn Union El 1st gold 5s 1950 Bklyn Union Gas 4s debentures 1969 M-N 5s series AC mtge 27/8s 1976 Buffalo Niagara El 1st mtge 23/4s__1975 Buffalo Rochester & Pgh Ry— *— *101% A-O *- J-J 81% M-N 50% F-A 81 Vi 50% 100% — __ __ Gas 51 100 y4 101 17 104 ref 16 66 M-S 101 J-J — 97% 101% 2 __ 97% 7 101 107% 96 104 79% 88 80 98% 80% 88 % 2 86 Vb 96% 102% 103% 33 102% 109% 102% 104 87% 103'% *101 0 103% A-O 99 99 103% 2 99 A-O 105 105 105 Vb 12 104% A-O 101 % 100 101% 45 100 A-O 98 Vb 50% 99 97% 33 1970 M-S 1955 F-A Ohio 3'/4s El 1st extl 4s Edison 1977 1951 1961 A.__ 3 07 % 106% 10 44% 39 51% 102% 106 7 8 103 Vb 105% * 114 _ 63% 106 Vo 110% 114 — 114 103% 109 % — 108% 105% 108 102% 3 106% 102 A-O 108% 104% 102 Vb 106 "4 J-J 1932 1977 1972 A ser 2%s ser B ser 28 108 % *106 304% York— New 2%s 103% 103% F-A J-J 1965 3%s Corp 1st 104 a . F-A 1953 Cigar 109 Co— 3%s f s 97'% 104 108 % 102 50 % 4s__1948 1st extl gold V 99 C mtge 2%s__1975 Baking 3s debs—___1965 1st mtge 3V8S 1966 9*5 96% 11 98 % 93 93 % 13 93 301 96 96 96 % 16 96 103% 100 100 100% 19 100 106% 95 Vb M-S A-O J-D M-S % 2 98% 53 % 53 Vi 3 49'/a 42% 43 8 99 98% 98 Vz J-J a 97 7 b 303% 104 98% 101 % Steel M-N Northern 1942 JD 1952 J-J 35% 36 Vt 18 32 1946 1946 J-D 38% 38 % 2 36 46 J-D 38% 38% 3 36 45% Dayton Pr & Lt 1st mtge 2%s 1975 Dayton Union Ry 3y4s series B—1965 Deere & Co 2%s debs 1965 A-O 99 99% 99 104% §ACuba A Cuba 103% 97% 82% 64 y4 103 % Power Ry 1st 5Vbs receipts gold ADeposit 96Vi M-N 98 Vi 65'/2 *101% mtge 2%s Continental 42 98% 52 A-O mtge ref Crucible 1 69 65% M-S ref mtge 96% 99 M-N debentures 91% 99 1 1980 Pwr Consumers 105 Vb 83 debs—1971 L 1st & ref 4y>s River 79% *103 1972 1973 1977 mtge 3s series L Ry & & 97 16 3Vas Sou Commonwealth 1st 113 Vb 98% Ry— Elec & H & 96% 92% 81 % 98% 109 4 80 modified) (stamped & 98 % 83 M-N 1st 105% 79% 79% F-A 3%s 99 9574 M-N 1950 1961 1st 10.9 98% f J-J 1948 1st & Maine RR— 109 98% 67% gtd Cleveland 35% 26 2 99% 99 gtd Consolidated 103 % 99 — 34% 60 84 % 99 1990 Line "1st .gtd 4Vbs Union Terminals Co— 100 Va 103% '34 Va 24% __ __ 67% 3V2s Conn 97 107% *25% J-D 3y2S 129 96% 108% J-J 1970 gold 4s 3s 106 y4 Pittsburgh RR— Consolidated Edison of mtge mtge coll 99 24% 25 Va J-J C Conn M-N mtge Gen 90 % Corp— Cons 1st 1st Columbus & 122% 85 107 % 102% 1991 4s 101% 102% 1977 1st 3 99 1993 Div D 4%s 122 93% 12 J-D Short Columbia 90% A-O 100 15 * J-D Series Cleve 96 98% 99 F-A series E Mich & Cleveland Elec Ilium 97 90 52 — 102% 103 Vb J-D B impt 4'/2 s 77% A-O Cons Boston & series 5s Ref 78% 1 76 __ F-A 1966 Cleve Cin Chic & St Louis Ry— General gold 4s 102% M-N 1974 mtge gtd 3%s series E 2%s ser G 2 90% 63 27% 105 102% 103% A-O 33 90% J-J 1951 stamped Beech J-J 79 3 99 A-O Columbus & Tol 4s 1 76 101% 102 101% J-J 1943 4 V4s ItAChilds Co deb 5s part paid Columbus Con 79 76 J-J 80 88 96% 98 79 M-S ref 85 *80% -- 12 % 100 97 V2 -- J-J 1962 & 83 Bangor & Aroostook RR— 88 56 y4 42 Va — * — J-J 1952 1st 80 M-N 13% 100 J-J 1963 F Chic & West'n Indiana Colorado & Toledo Cinn div ref 4s A 89 29 Chicago Union Station— 1st 84% 66 VB 78% AConv gold 4%s Chicago St L & New Orleans 5s — due Dec 11993 __ deposit 1st fixed contingent interest) J 89 59 97 4s of gold Series due Dec 1 1995 Ref & gen mtge 6% J-J 1988 Certificates 5 A Refunding Cleveland & due Mar 1 200o due Mar 1 1996 K 69% 35 105% 86 53% AGeneral 4s Cin 101 82% 101% 71% 52% mtge 3s ser B General (interest 4%) 27 69 % 53 1st mtge 1st 101% 101% 69 % Apr City Ice & Fuel 2%s debs City Investing Co 4s debs Baltimore & Ohio RR—- 101% Apr tChicago Rock Isld & Pacific Ry— 1st B 66% Jan 1 2044 Western conv J-J -- A__Jan 1 2019 ser B ser J-J 1994 & Gen J-J 1956 A ser J-J 2003 Chicago Ind & Sou 50-year 4s 100% 1,292 & Santa Fe— General 4s . 100 25 1969 I995 Topeka 108% 1995 gold 4s A P W Products Co 5s Atchison 109V4 101 85 96% 105% 106% 104% debs 88 96% 89% conv conv 14 105 1st debentures Amer Tobacco Co deb 3s_ 3s debentures — 101 *86 A-O 2%s debentures 100 3*2 101 23/4s 23/4S 32 101 ,n< 106% *104% 108% Allis-Chalmers Mfg 2s debs Amer & Foreign Pow deb 5s 100: 104 1948 Alabama Ann 1st mtge 4s inc ser A RR A6s ser B ser 36 A deposit rets deposit rets 38% 63% 39 52% 76% 81% *81 receipts ADeposit A7%s 42% 1st 5s 86'/2 44% Stamped modified (interest at 3% to May 1 1947) due 1957 JBurlington Cedar Rap & Nor— '§ Alst & coll 5s 1934 Bush Terminal 1st 4s Consolidated —1952 M-N A-O 15 *99 Vi 100 J-J 1960 Bush Term Bldgs 5s gtd 61% •— 1955 5s 60% A-O .A-O 88 — 36% 55% 25 98% 89 % 4 *105 Vi 107 87 105 72 39 103% 97 106 Vt D extended—1963 Delaware & Hudson 4s 99 * J-D 103 % 11 103% : 103 V2. A-O 99% 99% 99% 22 99% 105 M-N 90 Vb 89% 90 % 24 89% 99 Delaware, Lack & West RR Co— Y Lack N 1st Si C California Elec Power 1st J-D *__ Calif Oregon Power 3Vas 99% 103% 106 1974 M-N *-_ Canada Southern 102% 103% 107 1962 A-O 99% 113 cons gtd 5s A 101 Canadian National Ry— Guaranteed gold 4Vis gold gold 1957 gold gold 4%s Guaranteed Oct I_ Can 108% 108 Vi 109 110% 110% 110% 112 1st mtge gtd 4s Corp 3s debs Celotex Corp 3Vis debs 112 V* 112 Vi 112% 17 112% 111 20 IIIV4 119% F-A 1965 106 93 i960 1948 Nov 1945 ) gold 5s A5s registered A General A 4s 4s registered to Aug 1 107 107 110 100% 100 Vi *— — 68% 73 Vi F-A 88% 88% 87 M-N 43 43 45 Vi 8% A-O 7% 1987 1987 1987 For footnotes see page 28. J-D ser 1973 May 4-6s_ Power & Light 1 3s RR— 79% M-N 1993 C M-N 2042 1973 — -- 79 % 52 % 53 1 77 — 42% 54 '/a 29 49 100% 100% 25 53% A-O • *50 J-J 5108 109 Income mtge 100% 90 58% 62% 109% (3% 7 __ 7% Light. Co 2%s 108 109% Ed El 111 Elgin Joliet & East Ry 3y4s 26 Vi 27 4 24 102 6 102 108 102 i/e 105% *100 103 ~ 99% 36% 33 „ 98% 100 62% 70 1 50Va 99% 99% 9 98 %l 110% 38 38 100 99% a M-S _ 96 96 J-J 70% 85 85 96 % 15 38 30 100 Vb 20 95% 30% 100 63 94% 101 yB 38 100% 107 39 101 51 y4 104% (NY) 1st cons gold El Paso & S'western ,5s 1st 5s *113 114 J-J *145 150 145 195 1970 M-S *102 103 103 106 y4 1965 A-O *102 104 102 112 y2 5s— —1995 1965 stamped 121 M-N —1958 A-O — __ 114 — — 105% 113 Erie Railroad Co— 2015 mtge inc 4 Vbs series A_ —1964 1st cons mtge 3y4s ser E. »Gen 1st 1st — 15 63 E East Tenn Va & Ga Div 1st 5s 40 45 98%. 63 98% __ M-N 73% 109 109% *65% J-D 66 106% 101% 98 Va M-S 66% 41 104 2 27 24% *— 59'/a 17% 42% 20 25% 12 89% 38% 19 100 17% 5 78 101% 102% J-J Duquesne __ 102 F-A 67% 8 45 150 *108% 108 % M-S J-D 1977 102% 81 J-J J-D A Second 19 *98 66 39 106 ,85 — 66 fixed int) 3'/2s series G Gen & ref 3s series H Gen & ref 2%s series I 31% -- 53 1993 1966 1970 1982 Detroit & Mackinac 1st lien gold 4s 1995 contingent 1% 31% 102 Vi 102% 51% Detroit Edison 30% 102'/a 80% 2018 30 102 79% 52% Lake— 30% __ 79% Apr 79 22 61 24% j-J Salt 30 A-O F-A & Denver J-J (4!/2% mtge ser A contingent int) 30 — 1987 F-A 78 105% 1993 1% 25 102% 49Vi 18% 100% mtge ser A (3% fixed contingent int)— 1st gold 4s 1995 Detroit Term & Tunnel 4V2s 1961 Det To! & Ironton RR 2%s ser B—1976 Dow Chemical 2.35s debs 1961 t§ADul Sou Shore & Atl gold 5s.-. 1°^ 8 49% A-O ___ 7% 9 *14% J-J J-J 8% 36 101 A-O 1949) 1974 i A Central RR & Banking Co 5s stamp (partial redemption)„1942 Champion Paper & Fibre deb 3s 1965 tr M 5s mtge due —+ Essex division AIncome 112% 93 7 63% 100% F-A J-D 106 51 1959 Central New York Power 3s 1974 Central Pacific 1st ref gtd gold 4s_1949 1st & ref series A (4V4% 32 97 107 1945 5Vis series B J gen 106% 93 F-A gen 5s series C 1959 AChatt Div pur money gold 4s__1951 § A Mobile Div 1st gold 5s 1946 Central Illinois Light 3 Vis 1966 N 111% 107 M-S A-O ARef & ♦ACentral of & Delaware 119% 111 1981 § A 1st mtge 5s § AConsol gold 5s i Coll 113% 114 V2 J-J _1965 •ACent Branch U P 1st gold 4s tCentral of Georgia Ry— f 120% 109% F-A perpetual Celanese gen 112 108% 1 A-O Carthage & Adirondack Ry— & 8 22 1956 _ Carolina Clinchfield & Ohio 4s ARef 112% 1951 4Vis gold 4Vis Pac Ry 4% deb stk 112 J-J J-D 1955 Guaranteed • J-J 1969 5s Guaranteed 26 Morris Denver & Rio Grande West 5s Guaranteed . 100% 101 1970 Guaranteed ref AIncome 1976 3s div & Western cons cons 1st cons Ohio 1990 mtge 3Vas ser F— mtge 3Vfes ser G—— —2000 -1953 mtge 2s ser H—. Div 1st..-mtge 3%s~ J-J A-O J-J J-J M-S M-.v 63% 63% ► 64 VB 99 3 83 83 % ►— 23 2 83% 3 99 Vb 59Y4 99% 8 83 83 83% 99% 103 81 102% 94 Va 94 100 y4 105 Va THE COMMERCIAL & FINANCIAL CHRONICLE Number 4651 166 Volume NEW YORK RANGE Friday Interest Stock Exchange York Last Period BONDS New Sale Price Week's Range oi Friday's Bid & Asked LOW FOR WEEK BOND ENDING RECORD NOVEMBER Range Since Sold No. High Low New York Af-N .1959 J-D 100' .1974 Af-S 54 1956 M-N 103 A 1st ref 5s series A & A Certificates Francisco Sugar 100 105% Louisville Gas 100 103% Louisville & 49 48% deposit of coll trust 6s Gas & Elec of Berg Co cons 5s 103 5 103 101% 1st 65'/a *103% j-d 104 3%s & Elec 84 Va 83 Va 84'/a 42 77 86% 1st mtge 2%s_1965 M-N 88% 98% 98% 16 98 103 Va Grays Point Term 1st gtd 5s Great Northern Ry Co— -1947 A-O series F ref M ref M 2%s ser G_ 3%s 1966 Goodrich debs inc (E F) General General 5s Co 5%s 1849 St Louis Div 2d gold 3s . series series 1952 B_— J-J ,.—1990 2000 1982 2010 1961 mtge 3'/as ser N mtge 3VaS ser O Gen mtge 2%s ser P Gen mtge 25/aS ser Q Gen mtge 2'As ser R J-J :—, Mobile Ohio & 125 133 % 113 2 113 129 97 36 96 104% 95% 104'A *88 Va J-J 88 J-J 81 % J-J 81% *91% Feb 95% __ 12 88 88 95 91 99 62 8 *101 Va a-0 96% 81 91% 4 81'A *62 Feb • __ 8 4 -- 7% 100 — 65 9% 104 % M-B —1975 2015 ; 5s series A 1969 96 J-J 95 a-0 53 2044 mtge inc 4s ser B 1st M 2%s Gull States Util 1976 96 1 96 69% J-J 52% s* Af-N 67% 95 1 95 114 54'A 97 52% 97 — 105'A 86 Va 101% 72 % 101% H Af-S Hocking Valley Ry 1st 4%s Household Finance Corp 2%s 1999 J-J 1970 J-J Hudson Coal 1st s f 5s series A—1962 Hudson Co Gas 1st gold 5s Hudson & A 96 Va 96 Va *119 __ 96 87 J-D 96 —' __ 96 96 12 96% 87% 10 19 131% 96 79 102% 140% 102 % 90 M-N 1957 F-A 62 61 63% 132 48% 64 Feb 1957 Manhattan 1949 A-0 20 20 21% 193 13% 23% 1st 5S A Ad] income 5s *106% 106% 106% ___ 109% Manati AManila RR gold 2%s series A 1981 J-J 98 Vi 98 Vi 98% 24 1st gold 3%s Extended 1st 1951 1st gold Collateral gold 3 Vis 98 trust Refunding . gold 4s 1st 97 1955 M -N 99 Vi J-J M-N F- A 1950 105% 1951 1951 Springfield Div Lines gold 1st 1st 3Vis 95 93 77 Joint 1st 97% a J-J *__ J-J 1951 ref series Illinois Terminal 97% 5s 106 67% 97% 84% 108 Va 100 96 100 97% 100 96% 97 97% 96 98% 100 *98 *101% 105 101% 101% 88% J-D 81 V'4 J-D *__ 99 77% J-J *95% 97% 1950 gold 4s J-D 1970 J-J 103% 101% 88% 89% 74 81% 98% 81% 82% 33 73 92% 70 85% 95 mtge series B 4s 40-year July 1952 4%s lien 101% 4 97% -- 50 50% 6 43 65 % 20% 20% 21% 60 14% J-J A-O 9 40% 6 42 46 M-N 47% 65% 65% 46 47 __ 68 95 95 113 95 12 1959 J-D 1976 Af-S Jones & Pow & St 2%s Laughlin Steel 3%s 1961 72% 72% 23 96% 96% 5 102 JJ 96 102 JJ % 59% 59% 65% 106 95 105 j-j 1 70% 96 102 93 105% 104 % K Kanawha & Mich 1st gtd gold 4s1—1990 Kansas City Power & Light 2%s_—1976 Kansas City Southern Ry 1st mtge 4s ser A A-O *._ __ J-D .—1950 1st 3s_ A-O Kansas City Terminal Ry 2%s__ —1974 J-J Plain 97 0 *40 106 Va 98% 102 Va 2 99 Va 104 22 106% 1971 1991 —1997 .—1964 A-0 —1950 M-a 1st mtge 3s tAKreuger & Toll 5s ctfs_ 105 1051/4 120 123% 45 53 5s series B ACertificates of 68% 1897 A 1st j-d .1997 — Co A 1st of J-D 1 — 91% 91% 91% 96% 96% 96% ref & sink fund 5s± 5s 1964 sink fund 5s 1974 stamped 4%s gtd 5s 1954 stamped modified registered . 2003 stamped modified 2003 Lehigh Valley Terminal Ry ext 5s_1951 Lexington & Eastern Ry 1st 5s 1965 Tobacco 5s__. Little Miami gen 4s series A_. Long Island unified 4s Guaranteed 4s ref stamped — For footnotes 84 Va 84 Va 3% 103% 99% j-j see M-N 99 % 1 - ll-N 30 series 4Vis 71 71% 35% 271 18% 39% 72% 287 62% 85 71 72% 41 63 84% 21% 21% 23 43 15% 32 70 72 50 63 84% 70 70 72 52 62% 61 61 1 «■ 33 Va § A Collateral A Debenture 55 39 67 7 38% 40% * 110% 121 Vb 127% 110 42% 39% 31 457/a 30% 43 110% 38% 52% 80 121 M-8 16 128'/a J'. — 99 99 99 99 Va 110 116 118 M-8 w-fl 28% 67 25 118 101% 30 16 56 40 78 64 106 103% 53 94 Va 74 59 19 63 65 697/e 63% *92 68 93 , J-J J-J 99% 6 103 103% 29 *— 97% 101 Va 4s ref mtge & 4s A ser 101 Va 1017/a 1 103% 109 100% 100% — 1 100% 105 90 102 100 101 - - —1955 1st mtge 2%s_1975 cons gtd 4s—1993 N Y State Elec & Gas 2%s 1977 N Y Steam Corp 1st 3%ft .1983 tN Y Susquehanna & Western RR— § 1st refunding 5s 1937 § A2d gold 4%s 1937 SAGeneral gold 5s 1940 §ATerminal 1st gold 5s 1943 N Y Telephone 2%s ser D__ 1982 t§AN Y West & Bost 2 102 106 19 100 106% 102 100 — 100 lfi 100% 23 *104 iO 78% 78% 95 % 98 96% 96% 179 3 80 105% 87 102 83% 97'A 81% 101 Va 96 97 *-_ 99 90 93 91 79 101% 103 166 86 106% 86 101% 96 90 68 83 102 90% *86 ~ __ 95% 97% 90% 63% 94 61% 81% 67 67 68% 166 64% 82% 74% 74% 75% 145 72% 92% 80% 80% 82 17 80 Vi 98 77 77 Vi 9 77 94 62% 66 4 62% 81% 62 61% 62% *61 61 63 61 __ 60% 62 *60 92 86 * 66% 5 — 93'A 13 86 10 99 103 110% 3 103 110 66% 74 Va 74% 66% 67% 8 ... 101 *66 Va 8 97 Va 18 112% 66 Vi 101% 101% *101 — 92 86 103 99% 100 •i 77 72% 92% 93 101 74 Va 61 57 9 64% 80 5 68% 85% 16 53% 83 — — 49 8 ~ 20% J-J May 2007 mtge conv inc 4 Vis ser A.2022 $ a Harlem River & Port Chester— 1st 4s 1954 4s— 124'/a 33 103% 103% A-O F-A Jf-N J-J J-J M-N 109 % 118% >;< J-D A-O A-O 106 Va 2 101% 101% -- Jf-N Jf-N 101 105 106 — - 101 103% __ __ A-O 106 Va 118% 118% __ A-O 99% 104 % 99 *105 96 1954 99'A 103 99% *90 *103% A-u F"* 92 94% 99'A 103 M-B W"A 64 63% 64% 394 60 Va 70 27% 27% 28% 487 26% 38% M-N M-S J-D Jf-8 A-0 J-J J-J 98 % 98 Va 98 Va 2 96 Va 104% 9 8'A 9 93 8 4% 4 4% 34 3 96% 97 Va 25 61'A 61'A 1 59 103% 103% 36 105 107 96% 99 105 Va 105 Va 106 * J-J F-A - 36 % 15 5 9% 83 *70 82% 96 96% 19 8 9'A 47 8 108 108% 18 107% J-J J-J 8 M-f 108% A-O A-O M-S 127% 14 5% 104 Va 77 43 34 15 96% 29% 39 *__ F-A M-N 1st 4%S_.,—1946-- A Gen mtge 5s conv inc Norfolk & Western Ry 1st 27 34% 85 104% 100'A *92% 1940 6s 84 82 32% 60 102% *68 1957 trust 87 76 33 Va *102 J-J 1973 82 62% 30% 85 96 17% 92 101% 20% 1U» Norfolk 58 107 62% 22 70 £* 1"50 B__ 87 9 32% 82% tN Y New Haven & Harford RR— 87 8 M-n .1949 101% 64'A 29% A-O A-0 99% 61 A-0 1962 101% 62 Va 62% 47 69% A-O 4s series A—1973 & West Lack N Y 82 1 187 34 Jf-N 2043 2043 Mtge 4s series A Mtge 4s series B 83% 84 Va 86% 50% 71 J-J J-J F-A, F-k F-A F-A 83 88 Vi 32 % 1951 _.194p page 28. 100% *28 Va Af-N 91% 1017/a 59 % F-k 1949 gold 4s 96 *82 . 2003 5s Myers *85 Vi ,.2003 4 Vis 75% 2 *85 Vi — 1974 registered Liggett & 99% F-A F-A 9 ' *99 1964 Lehigh Valley Ry Co NY 4Vis ext_106O Lehigh Valley RR— 4s stamped modified 2003 4s F-A ,—1954 — fund Val Harbor Term Leh ,—1954 stamped 1st & ref 5s — sink 89% 96 85% 68 34 F-A J-D A-O J-D Jf-N J-D J-D N Y Power & Light N Y & Putnam 1st 90 96 61 47 Jf-8 3%s 1997 3Vis registered 1997 Lake Shore coll gold 3%s 1998 3Vis registered 1998 Mich Cent coll gold 3 Vis —1998 3 Vis registered 1998 New York Chicago & St Louis— Ref mtge 3'As ser E 1980 1st mtge 3s ser F —1986 N Y Connecting RR 2%s ser B—1975 N Y Dock 1st gold 4s 1951 N Y & Harlem gold 3%s 2000 10 90 75 16 71 f"* 1% 90 15 12 70% 69% A-O 105% * 79 65% 68 55 1»8® 101 — 97 77% 63% impt 4%s series A 2013 Ref & impt 5s series C 2013 N Y Central & Hudson River RR~ 4 90 88% 64% M-N J-D & Ref 101% Dm 5s 95% 362 ' deposit New York Central RR Co— Cons 4s series A 1st A-0 5s stamped 58% 69% M-N M-N A Gen —1976 1st 43 37 •— series A of deposit 5 Vis 187 Ltd— mtge income reg___ & ref 20 72% F-k ACertificates 180 Lehigh Coal & Navigation Co— S F mtge 3%s scr A —1970 Lehigh Valley Coal Co— 1st 48% 71% 48 1856 of deposit 4V2s series D 183% 108 L Nitrate 47% 68 Jf-N A-O F-k US deposit series C A 1st 5s A General Lautaro 58 Va 90 71% A 1st tAN Y Ont & West ref 4s_,._June 1992. Lake Sh & Mich Sou gold 3Vis 3 Vis registered 43% 54% 48% F-k M-S M-8 M-N Junction RR 112% 1% 100% • 19°2 gtd 1st 4s New Jersey Power & Light 3s 1974 New Orleans Great Nor 5s A 1983 New Orleans & Northeastern ERRef & Imp 4%s series A —1952 New Orleans Term 1st gtd 4s 1953 INew Orleans Texas & Mexico Ry— §ANon-cum inc 5s series A 19J5 ACertificates of deposit J 102% 1% 111 99% 90 A-O debentures 3s N 112% __ 100% N 102% 101 95 80 45% J-J 1986 debs_1970 * National Steel Corp 1st mtge 3s—1965 National Supply 2%s debs 1967 ANaugatuck RR 1st gold 4s .1954 Newark Consol Gas cons 5s 1948 New England Tel & Tel 5s A 1952 1st gtd 4%s series B 19R1 102 « 827/a *98 J-J 3s ser B National Dairy Products 2%s 101 A-0 Koppers Co 104% 100% *112 Va __ 100 107'/a 107% J-J 1st mtge 106% __ 80 __ *— & St Louis— Nashville Chattanooga *168 J-J 100 100 107% J-D 1962 100% 100% *100% J-J J-J 1990 . 100 M-3 Jf-N J-J - AN8 Jf-8 A-O M 4%s 106% J-J Kings County El L & P 6s 105% 96% 118 * __ J-J —1961 unguaranteed 20 104 __ J-J —1961 4Vis 100% 97% 105 103% *103% 104 97 A-0 Kentucky Central gold 4s —1987 Kentucky & Indiana Term 4%8— —1981 Stamped —1961 100 *100% A-O —1975 97% 93 100 % 100% b Jersey Central 102 103% General mtge James Frankl & Clear 1st 4s 81% 101% J-D Jf-N A-O 1st gtd 3VaS—■—2000 series A_ ^--1955 5s 77% 97% 84'/a 100% debs——1958 & Co 3s Essex M 99% 84 95 Va series B_——-.1955 Mountain States Tel & Tel 2%s—1986 30 46 J-J 1944 66% 72 78'A — A 1st 50 A-O 1956 1972 95 3 — 72 112% 96 series D ACertificates 1956 B A 1st gold 5s series C JAInternat Hydro-Elec deb 6s Int Rys Cent Amer 1st 5s B 0 J-D J-J 98% 103 % 110% *98 ACertificates 1952 108% 80 ,...1978 ACum adjust 5s series A-—Jan 1967 JMissouri Pacific RR Co— A 1st & ref 5s series A— 1965 A General 4s 1975 A 1st & ref 5s series F —1977 A 1st & ref 5s series G— -1978 A Conv gold 5%s ser A_ 1949 A 1st & ref gold 5s series H 1980 ' A 1st & ref 5s series I——. 1981 Moh'k & Malone 1st gtd gold 4s—.1991 Monongahela Ry 3%s series B_—1966 ' 101 % 99 % *100% 103 96 *23 1962 4%s inc ser A Jan A Gen mtge 4s' inc ser A—.Jan Mo Kansas & Texas 1st 4s. Missouri-Kansas Texas RR— Prior lien 5s series A— Ry Co— A series 100 % 98% 100 1963 AAdjustment 6s series A A 1st 97'i J-J F-A Ref & Imp 2Vis ser C 1986 ^International Great Northern RR— 1st 6s series 89 7 ,*106% 1963 D 1st Indianapolis Union 15 26 78 V'4 —1963 C Ry 4s ser A Indiana 111 & Iowa 102 O— series A 5s 4Vis 1st ref mtge 4s ser A 97 *100 ref 1st & 100% 97% Registered 111 Cent and Chic St L & N 101% 93% 51106 Va 109 F -A 71 98% 95 88 10 *95% 102 53 98% 89 96% 118 101% 93% 105 % 105% 77 J-J 1951 gold 4s 99% 6 88 99 105 1 J-J 1951 gold 3s 97 97% 105% J-D 3%s_1953 3%'s 97 *-_ M-N 1951 gold 3s St Louis Div & Term Western A-O 1966 Louisville Div & Term gold Omaha Div 1st gold 3s Gold 71 1955 Div 101% 99% ;_1953 5s Bridge gold 4s Litchfield 2 1952 4s—. 40-year 4%s Cairo 101% 101% A-O Af-S -..1952 Purchased lines 3%s Refunding 101% 1951 gold 4s Collateral trust J-J 102 1951 sterling 3s 0103 107% 3 Jf-N mtge Constr J-J 1951 4s 105% 99 J-J 1972 2%s— 1969 t§AMidland of N J 1st ext 5s 1940 Minn St Paul & Sault Ste Marie— 1st Constr 1st 106 96% 96% J-D 1966 Metropolitan Edison 1st mtge 2%s_1974 Metrop Wat Sew & Drain 5%s—1950 Michigan C*""tral— Jack Lans & Sag 3%S —1951 1st gold 3%s 1957 Ref & impt 4%s series C 1979 Michigan Cons Gas 1st mtge 3%s_1969 Morris & Illinois Central RR— High 115% 101% 99 J-D M-N • (Southern Lines) 4s~ 1959 May Dept Stores 2%s debs Mead Corp 1st mtge 3s Morrell (John) Illinois Bell Telep Low 109% M 1960 1954 Sugar 4s sink fund__Feb 1 1957 Prior Hackensack Water 1st mtge 2%*—1976 Range Since January 1 4 *106% 107 —— A-0 ser B— 1st mtge & coll 4s 1st RR tst & ref 3%s series D, Gen 125 117% 96 J-J 1959 1st & ref 4s series B Gen mtge inc 113 12 113'A 101% 113 96 —— ctfs A Greyhound Corp 3s debs Gulf 113 — , AGreen Bay & West deb A Debentures ctfs B 113 Va 101 Vi — — J-J 1976 - Gen -- J-J -1973 C General 4%s series D Gen J-D No. 13 Af-N 4s Maine Central RR 4%s ser A Utilities Corp— Realty & conv Sold 109% 109% A-O 1955 High Bonds 101% 101% 101% M-S —2003 2003 1980 105% M-S A 4s Friday's Nashville RR— & Atl Knox & Cine Div >1069 General or Bid & Asked F-A 1963 1st & V 2 Va 106 1951 Co deb 5s (P) debentures 18 54% Sale Price Low 102 Vi 7 100% 53% Week's Rang* Last Period Stock Exchange High 2.9 102% 103 .1961 Interest BONDS January 1 3s tFlorida East Coast 1st 4%s 2« Friday Bonds Lorillard Firestone Tire & Rub 3s deb (2231);, 27 99 99 102% 104 104 Niagara Falls Power 3V2s Southern Ry Co— North Gen Central b gen 2014 gold 4s_1996 & ref 5s 1974 series A registered General lien registered Ref & impt 4 Vis series A Ref & impt 5s series C Ref & impt 5s series D Coll (Minn) Power Q-J 127 Q-F —2047 2047 —2047 2047 1977 F-A A-0 A-O 33% 48% 127 136% 126% 126% 128 128 23 99% 113% 96 109 Va 64 % 65% 26 60% 61 Va 62% 3 61 91 90 Va 91 9 88% 101 97 94 Va 97 27 91% 104 97 94 Va 97 53 92 103% 98% 98 Va 99 93 98 Va 103'/a 98 104 Va 97 104 Va 98% 101% 102 64% * —1974 1975 12 103% 102 Q-A J-J J-J J-J M-S 48 120 Q-J ^ 45 128 126% M-S 1997 42 Vi 45 Co— 1st mtge 2%» mtge 2%s (Wise) 1st mtge 2%s 1st 1974 1975 trust 4%s States - Jan 1 2047 3s 3s Northern ■ 1997 ref 4Vis Northern Pacific- Railway— Prior lien 4s 4s 1965 98% 97 97 0 97% 963A 56 — 76% 72% THE COMMERCIAL & FINANCIAL CHRONICLE NEW YORK RANGE Friday BONDS Interest Last New York Stock Exchange Period Sale Price FOR WEEK BOND ENDING Monday, December 1, 1947 RECORD NOVEMBER 28 Friday Week's Range Bonds Friday's or Bid & Asked Low High bonds Range Sines Sold NO. Low New January 1 York Stock Interest Last Period Exchange Sale Price High Union Oil 2%s debs A 1st 1948 *iov2 ioo A-O 96% F-A 94 % 10 96V2 1973 1st mtge 2%s Oklahoma Gas & Electric 23/4S J-J M-3 1975 1st mtge 3s 12 95 22 ioo y4 100 A-O 1941 f-a Skelly Oil 2%s debs 1974 4s guaranteed 1971 t§ASilesian-Am Corp coll tr 7s Ohio Edison 1965 J-J Socony-Vacuum Oil 2%s 1976 107% South A 1963 tioumeiTi 19 Nor Ala RR Bell A_1960 ser 103 'A k-0 96% 103 % 94% 103 3s 106% 2%s debentures 103% debentures Southern Pacific 1st 4%s Pacific Gas 6c Electric Co— & ref 3VaS series I 1966 J-D & ref 3s series J 1970 J-D 1st & ref 3s series K 1971 A ref 3s & ref 3s series 1st A ref 3s series 1st A ref 2%s series Tel & 1 109 Gold 101% 108 V4 San Fr Term L—, M 3'As debentures Paducah & 111 1st 109 1st 100% 109% J-D 101 109'/a 1st mtge 2%s series F 1st mtge 2V4S ser G 2 Gtd 4s 1981. J-D 97'A 97'A 97'A 1985 J-D 94'A 94'A 95 A-O A-0 102% 19oo debs J-J *104 104 MS *103% 103% 106% St Louis 1 36 96% 8 102% 102% 43 96 Ry 13 gold 4%s cons 5s_1949 102% Devel 103% Devel & 102% Devel 104 Memphis Div 1st gold 5s gen 126 I960 a-o 41 41% 106 42'A 41 67 Co— E trust ctfs 1952 94 % 104% 1 96% 103% 81 81 4 81 96 % 96% 100'A 84 92% 94% 60 92% 24 M-n 92% M-n 91 91'A Pennsylvania Glass Sand 3'/2s 1960 Pennsylvania Power & Light Co— 1st mtge 3s 3s s f debentures jmv 101% 104 J-D 103% 103% J-J J-J 1973 A-O 1965 a-o 1948 Jf-N 100'/a "I 100'A lOO'/a 99 108 102% 104% 84 84 94% 81% 12 80 "a 89 y4 90'A 2 90% 114 A-O 108 % 114 91% 91% 30 99% 99 100 104 114 63 91 103'A 36 103 116'A 19 109 1 107 117 102 105 % J-J *102 Jf-N Calif A-O Apr 2%s debs—1966 deb 2%s 95'A 1971 1966 J-J 1973 J-J 2019 1988 j-j 1968 m-n 1870 A-O debs 107 102% 96 '/a 31 65 __ 93% 93'% 121 95'A 93% 84 98% 3 104% 56'/2 102 *100 98'A 128 45% *100% 101% f-a Sunray Oil Corp 2%s debs *49 94 % 13 92% gold 4s 1951 Southwestern Bell Tel 2%s debs_r»1988 ASpokane Internat 1st gold 4%s—2013 1st 2 103 'A 93'A 101 99% 103 3A 98 »A 103 % 106'/2 14 99% — 115% 107'A 108% 111% 112% Co 2%s 100 90'A 90% A-O Swift A 101% 98'A 83'A 84 84 j-j 107 series A (N J) 83'A 81 j-j A-O of 102% 101 J-J Oil 97 90% *__ 1958 Standard Oil 109'A 34 1996 6%s Div 126 101 94% 94'% J-D 1956 6s series A gen 100% 96% 1994 1956 1st cons gold 5s 4s series A 104% & 93% 94 % 1996 104 gen 101% 101% 93 103% 96% 1961 94'/a A 100 99% 99 81 1986 96 96 93% 3tandard t s inc debs series mtge 2%s ser E Southern 93'A 10 Co— 109% 100% 32 Pennsylvania-Central Airlines— Pennsylvania RR 101% 13 100% 101 1978 2%s Paterson & Passaic G & E conv Pacific 22 100% 101% 100% 101 99 High 93 40 MS mtg3%s serA_197fl 100% 101 Low 53 j-j 1981 1st J-D 1986 Tel debentures a3v2s Southern 101% r-A 1977 4%s J-D 101% 102'A Range Since January 1 55 *124 j-j 1969 108% • 1977 P 2%s — 103 No. Co— 1974 N. Pacific J-D 103 93 J-J 1994 (Oregon Lines) A 1979 1st 1st series *108'A 103 93% Sold 99 j-d 1987 Ry 2%s Gold 4%s 1st 93 Bonds *40 A-O 1985 Indiana 93 High * 1979 Southern 1st Friday's Co— debentures 18 103% gtd 5s lei A Tel 1 10 2%s Oregon-Washington RR 3s or Bid & Asked Low Shell tOgdensburg & Lake Champlain Ry— Week's Range 105 Pennsylvania RR— Consol 4s gold sterl Cons 4s stamped sinking General 4'/2s General 5s General 4'As Gen mtge Conv series 1948 1965 D series F-A J-D 1968 J-D •—1981 E 1984 3'As 101% 101A Jf-N 1960 B series 4'As deb dollar fund 4'/2s series A 1952 101 % 104 101A 103 % 110 14 100 100 101'A 131 104 104 105% 48 102 125% 95'A 45 92 94 % 44 91% 118'A 96% 93% 93% J- J A-O 96% J-J 77 A-O 96% 118 % 97 70 95% 103% 77 79 18 77 61'A 16% 18 17% F-A 4 83 *106'A 106% M-B 59 12% 75% 100% 101'A 25 io«y4 100% 105 5s series B 1974 1977 J-J 1961 General gold 4'/2s series C Philadelphia Co coll tr 4'As Philadelphia Electric Co— f-a J-J *115 121'A 123% 120 114 — 106% 106 106% 37 130 126% 105 ref M 1st ref M 3%s ser C A Texas A 3'As ser B Pacific 1st Pacific-Missouri Term 103%i 1974 *90 3%b 83% 37 63'A 64% 322 41 99 % 99% 1 96 100 '/2 104 105% J-D 1st gold 5a—1949 If-8 Corp 2%« debs—1961 ms *103% Tri-Continental 97 97 1971 J-D 1967 M-N 99 98% 99% 24 98% 1974 105% M-N 1st A 99 ref 98'/a 99 23As 6 98 % Union Electric Co of Mo 3%s 1971 ir-N 1981 105'A J-D 98% 98% 99% 5 98% 105 1978 A-O *98 % 12'A 12% 10 A coll tr 2%s Union Oil of Calif 3s deb 1967 j-j 102 *9% 13% 1970 J-D debentures 1976 F-A 1937 Phillips Petroleum 23As debs.__ 1964 Pittsburg Bessemer & L Erie 27/8S__l996 Pgh Cine Chicago A St Louis Ry— Cons gtd 3'/2s series E Cons gtd 4s series F Cons gtd 4s series G gtd 4'/2s series Cons gtd a J-D J-D S, M-N » 1960 F-A 1963 F-A *112 jf-n *110 4'As 1950 J-D A-O 11% 99% 104% 99 115 __ 102% 1st 4s series series 5s gen B 106 U 1976 If-N 115% 107% 125% 127'/2 102% 102% 102% 100'/4 103% 103 101 105% 102% 105% A-O A-O J-D 75 1966 J-J 1977 1st mortgage 3 As 1A Providence Securities 4s J-D J-J 115 117 F-A 1957 1955 tAProvidence Terminal 4s Public Service El A Gas 3 V4a _1968 __ Jf-N *90 J-J *141 J-D 101% 107% Ward 113 *220 98 108% 164 111 106 108% 162 164% 237 242 98 35 (subordinated) 97% 103% a.'. 90 102 m-n 90 102 4 90 1 — 102 99% 105 92 A-O Warren RR 1st ref gtd gold 3'/2s__2000 Washington Central Ry 1st 4s____1948 Washington Terminal 2%s ser A..1970 Westchester 105% F-A J-D Ltg 5s stpd gtd 3%s Gen mtge Power 111 6 98 106 la 97 106% 81% 94 80 2 78 % 21 77 92% 92 16 92 102% 96 100% 92 100 96% 92 92 Maryland *51 __ 8 104% 8 54 *- J-J 1952 A-O 1950 98 % M-S 1960 101'A 103 109% 113% 105% 4 105% 107'A 107 107% 11 106% 109% 99% 56 97% 106% 50 100% 79% 98'A 100% 101 M-N 1951 99 105% 107 May Funding A real estate 4%s 25-year gold 5s 60 100'A 102 % *109 'A 113 J-D 1966 107% 50 100% 100% F-A 1950 1st 4s 105% 106% Q-M 1967 3%s series I J-J 97 106 101'A 98 66 92% 87 97 94% 43 76% 95% 87 89% 65 75 93% 101% 101% 98'A 1951 2%s debentures West Shore 1st 4s Registered M-S 98% 98% 5 2361 2361 M-S 60 60% 11 57 M-S 58% 59'A 22 55% 72% 1949 guaranteed J-J 1971 Westinghouse El A Mfg 2'As 90 a M-N 1970 30-year 5s m-n 77 92 M-N Pacific 4%s inc ser A.—2014 Western Union Telegraph Co— aA Reading Co lst^A ref 3%s aer D..199B Revere Copper A Brass 3V4s 1960 Rochester Gas^A Elec Coip— Gen mtge 4%s series d 1977 97% 81% 77 Apr Western J-J 98 97% 104 % 100'A 17 Western .1964 97% 98% 107% Baking Co— 5%s debs West Penn Quaker Oats 2%s deb. 15 99% 98 97% Apr 10 106 J-J 97% 111 Apr 1971 98% 107 Jf-N 2037 1st A ref mtge 8a Jan 1981 Jan 1991 (Hiram) G A W 2%s debs.1966 Walworth Co conv debentures 3'As_1976 95 1972 109'/• W Gen mtge 4s inc ser A Gen mtge inc 4'As ser b 1st mtge 3'As ser B 106% __ 10 If-8 99% A-O Walker 100% 101 *105% 97% 5 > M-N 113 101 2037 1st A ref mtge 3s 1st A ref mtge 5s 1958 B ser 102% 107 MS 1998 5s cons 100 % 98 Wabash RR Co— 103 *118% 1st Virginian Ry 3s 98% 108 If-N 2003 100% 15 f-a 1957 g 4s series series B 91% *115 1977 A—1959 cons 4s 98% 93% 8 91% 73 101% *115 1964 APlttston Co 5%s inc deb Potomac El Pwr 1st M 3V4s f 98% 103'A 92 73 *101% 102% J-D 106% 89 99% 97% 98 MS 104% f-a s 93 % *95 98 % Jf-8 J-J *102 1962 Cons 1959 Va A Southwest 1st gtd 5s J-D 12 Vandalia RR 93% A-O 1967 debentures Universal Pictures 33As debs— 104 J-D 81 2%s 2%s debs 104 *102 41 S Rubber Virginia Electric A Power Co— 1st A ref mtge 2%s ser E 1978 Va Iron Coal A Coke 1st gold 5s__1949 J-D 86 104% 119 y4 87 81 97% 121'/2 101% ,1974 gen 5s series C 1st gen 4'As series D 18 89% 1948 1st 15 100 % 1960 A 98% 89 Pitts Youngstown A Ashtabula Ry 1st gen 97% TOO 101% 78 2%s A-O 17 81 105% 98% Union Pacific RR— if-a 1959 1st mtge 4'/2s series C 104'A 98 1968 14 78 112% 100 1991 104% 104% *80% debentures 108% Ref mtge 2%s series C United Biscuit 2%s debs 1958 A West Virginia Ry 1st mtge 4'/2s series A 1st mtge 4'/2s series B 102 102 102% 1950 1st mtge 4'/2s series B Pittsburgh 97 99% 118 __ 107% 70 102'A 112 110 6 108% 108% 102'A *104% 105% *102% 103% M-N 2%s 100% 104% 105 104% A-O J-J 14% mtge 107% 5 100'/2 U 1st 107 102% 102% O 9 97 106 118 Plttsb Coke A Chem 1st mtge 3'/2s_1964 Pittsburgh Consolidation Coal— 3'/2s debentures 1965 mtge — 118 1964 105% 8 21 100 1957 I 98% 99% 100 % F-A Pgh Cine Chicago A St Louis RR— Gen mtge 5s series A 1970 Gen mtge 5s series B 1973 Gen mtge 33/as ser E 1973 1st 99% 1953 4'/2s series J Pittsburgh Steel F-A 1949 Cons gtd 4s series H Cons J-J 79'A 108% 23As 4s 104 81% 63 % 23As f 105 82 % 23As s 137% 95%. A-O ref deposit—. 99'A 124%. 18 J-J 1st ref 4s 1960 AAdj income 5s Jan 1960 Tol A Ohio Cent ref A impt 3%s__1960 ref of 92% 12 97% A Certificates 107% 103% 95'A A A 95 'A 124% 126 % & t§APhilippine Ry 1st 106% 95 % 1st 99'A 96 J-D 124% 1st » , 101% J-J 1st ref 129 99% 74 93% J-D 1988 Third Ave Ry Trenton Gas A Elec 120 10 103% 105 Pacific— New Orl RR of 119 99'% 100 103% A-O 1990 2000 gold 5s Gen A ref M 3%s ser E Texas *115 A-O RR— 1st A 39 106 Phila Bait & Wash RR CoGeneral Texas Corp 3s deb Texas A New Orleans 101 61'A Apr Ref A imp M 4s ser C Ref A imp 2%s series D 118'A 94'A A-O Terminal RR Assn of St Louis— 122 '/a 115'A 1985 A Income 4s Apr 1990 Peoria & Pekin Union Ry 5%s 1974 Pere Marquette Ry 3%s ser D 1980 3 115 1960 Gen mtge 3'/eS ser F Peoria A Eastern 4s ext 2 101A 101A 115 M-N 104% 106'A 100 102 Va 58 % 3 100% 103 98% 103 76% " Gen mtge Gen mtge 3%s series 3%s H series Wheeling A Lake Erie RR 4s ms 1967 '128 US Gen US 1967 --- I—' Gen — mtge 3%s series J *§AR i Ark A Louis 1st 4%s 1969 MS 1934 tARut-Canadian 4s stpd ISARutland RR 4%s stamped MS 1940 J-J 8 8 1941 j-j 8 8'A 108 110 ~~ T08% $ 108% A ref 2%s M mtge 3'As ser 60% Wilson A Co 3 8 13% Winston-Salem 8 15% tWisconsin Central 41 A M-S § A 1st A 2d gold A A ser 1971 1st gold 5s 6s Rocky Mt A P 5s stpd A 2nd mtge inc 4%s Louis-Southwestern 3t 1st A 2d 4s 4s inc A Gen A bond ctfs Paul Si 0 a-o a /-j cons *95 j-j 1997 2022 1980 May j-j gold 4s_196l 1971 1 S 90 97 Line gtd RR 4s 136 79% mtge 4s ser A Gen mtge 4%s ser A (Jos El A Sons ?'*>«• 7 96 106 98 97 101% J-J general 4s Wisconsin Public 105% 118'/a 71% 70% 72 18 18% 122 60 M-N 1976 J-D 3'As 1971 Power 2%s 1978 J-J 24% 18 J-J — 75% 15% 30 *17% deposit Power 2%s Service .82% 66 of Electric Wisconsin 102'A 116% deposit of Certificates 10 *115 Ry 96% 97% 103% 21 102 109% 92 y4 51% 51 51% 147 37% 57% *100'A 102% *87 91 91 100 89% 93 Yonkers 45 45 45 22 Elec 104% 83 91 Lt & *96 97 97% 105 not Deferred in delivery sale not included In the year's range d Ex-interest, e Odd-lot sale not Included in the year's range. rCash the year's range, n Under-the-rule sale in the year's range, y Ex-coupon. 47% TOO 105 % 106 % '127 126% 130% SNegotiability impaired by maturity. *The price represented is the dollar quotation pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484 27 99% 101% the Bankruptcy Act, 113 58 y4 76% 1998 J-J J-j 63 63 64 19ftf r-D 94 94 94% 99% 99% 100'A tCompanies reported 10 94 98 not . sale included 32% 2016 101 Va 90 78 a Co— 1st 96 % 101 82'A u-n Air f-a 99 102% 102% A-O J-J 1949 3s 1st 4s B 1958 1960 1st mortgage Certificates Included 1941 96 % *-_ 92 81'A a-o 1989 A 101 105% 81'/2 88 - J-D Scioto V A N E 1st Seagram 98% - Kansas City— §AShort Line RR gtd 4%s St Paul Union Depot 3%s b Seaboard 81% 101 j-j 1990 97% 109 82 m-jt Nov 1989 ref gold 5s series A St Paul A Duluth 1st JSt A ser Ry— certificates bond j-j 1958 St Louis-San Francisco Ry Co— 1st mtge 4s ser A ■<*; MS 1996 1996 St Lawr A Adir St L 3s 96% J-J 1967 § ASu A Du div A tefm 1st 4s—1936 Saguenay Power •II J-D 1992 1970 D 110 20 60 series Wheeling Steel 3'As series C 1st ~~ ♦Friday's » Onnrtc bid or as being in bankruptcy, receivership, or reorganized under Section 77 of by such companies. ■>.•%;-:?w sales being transacted during current week. securities assumed and asked flat " , prices: no per 200- ; Volume 166 Number 4651 THE COMMERCIAL & FINANCIAL CHRONICLE (2233) 29 NEW YORK CURB EXCHANGE WEEKLY AND YEARLY RECORD and deferred delivery sales are disregarded in the week's range unless they are the only transactions of the the week in wnich they occur. No account is taken of such sales in computing the range for the NOTICE—Cash in lootnote a in In the week, and when selling outside the regular weekly ranee are year. following extensive list we furnish ehown complete record of the transactions on the New York, Curb Exchange for the week beginning on Saturday Nov. 22, and ending the current Friday, Nov. 28. It is compiled from the daily reports of the Curb Exchange itself, and is intended to include every security whether stock or bond, in which any dealings have occurred during the current year. ' a RANGE Week's Friday York Curb Exchange Range Shares Low Par Aluminum Acme Wire Adam Hat Co Friday High Low 1 6% Inc Investors (N J) 1 Alles Fisher & Altorfer Bros American Co % 6 6 Va 83% Hoe 83 3 % 1 * 100 • * 1 10 100 25 Mach 25 common tEL) Silk 3,500 400 24% 200 L 70 168 170 3 2'/a 95 53 96 Nov 125 6% 50 Mar 53 Nov 4% May % Nov 50 34% 14,600 32% 100 110 '/4 17 1,050 33% 17 200 24 24 100 45% 400 34 Va 75 34 Va 600 18 34 19 700 48 «/2 48 % 54 900 4% 5 200 9% 9% 9% 1,400 8% 300 8% 8% 6 6 • preferred Equipment Corp Refining Co 1 3% 6%% Canadian Jan Jan 21% 20 Associated rets reg Laundries of America Associated Tel & Tel class A Atlantic Coast Fisheries Atlantic Coast Line Co Class 15 ; 35 Jan Jan 32 May 29% May 16% May 42 May 4% Aug 7% Jan 5% 48% Sep Carnation Carolina 43 Feb 43% Feb 23% Atlas Corp warrants Atlas Plywood Corp Feb 1% 63 Jan Feb 5% Feb 1 Automatic Products Automatic Voting Machine July 5% Feb 11% Oct 114% Mar 4% May 8% 5 % 500 5% 5,300 3% May 3% May 6% July 10% Jan Jqn 9% May Jan Feb 6% July 11% July 114 Mar % 8 4% 50 5 6% F) & Sons common preferred Ayrshire l 1 r> IB Corp new Co com_L__3 Carr-Consol Baldwin 7% Amer 30 American Barium Barlow new Inc Corp 1 & Nov Nov 11% May 1% Jan 8 150 4% Jan 5 11% 2,700 July 4% Nov 9% (L) common pfd Co Co (A M) & Co Power Maine Bellanca Aircraft BC11 of Tel common Bcrwus Watch Benson & Co Hedges Convertible preferred Inc Central Power & Products Light 4% SCentral States Elec 6% 7% Inc 50 Apr 63 5 Nov July 2,300 900 1,300 55 57% 2,800 35% 35% 36% 150 11% 11% 1,100 Aircraft Co Corp 37% May 61 Oct 35% 42% Jan 9% May 13 Feb 11 Apr Nov Voting 5% 9,600 July 3% May Chief Co 19% Jan 7% 20% Feb 6 200 6 17 800 16 2 2% 400 135 137% 160 9 % 1,600 Jun May 1% July 133% 9% Nov Nov 8% Mar 23 Jan 3% Jan 180% Feb of Amer new com 1% rl8% rl8% 19,600 50 City Service 10 4 * Jan 5% Nov 7% Oct 52% 52% 52% 150 43 % Jan 52% Nov Feb Nov 114 119 July Nov 20 Jan 6% 6% 6% 5,300 Sep 3 Apr 9 Apr 11 Mar 6% 6% 6% 700 6 May 9 Jan 30 6% 1% 9V8 9% 9% 500 May 43% 8% — 9% 6,900 8% Nov 17% Feb 20 79% Nov 96% Feb 15 % May Feb 79% 80 19% -- 19% 200 9 — 9% 17,400 83A May ll7/a 93 9% Nov 21% July Jan 102 Feb May Apr 12 -- 9% 9% 15 600 3% 700 9 % Oct 2% Jun 700 8% 11% Oct 24% 25 125 19 % May 27% Oct 72 72 25 70 Mar 77% Jan 18% — — — 5% Nov 19 125 14 May 19 Nov 9% Nov Feb 14 5% 6% 700 5% Nov 7% Oct 5% 6 700 5% Nov 7% Oct 1 Lambert & Mfg Colon Co 1 3,40o 10 29 190 93 148 Jan 13,700 Jan 41 Oct 1,000 10 Va May 15 Feb -- 9% 600 87/b May 11% Jan 550 13% May 13A Sep 10 15% 1% 2 % 1% -- 16% 2% — 2 6,700 150 I60 400 147 150 — 1% May 9% Jan 66% Jan 61/< — tySiu 9'/a _. __ — 23'A 1% Mar 13% ordinary N$V 3 May;'- 7 Aug Feb 19 3% Jan 3% Jan 15% 166 Feb Oct 9% Jan 13% 4% Feb 3% 4 2,000 7% 7% 7% 3,000 1 6% 6% 6% 400 4% May 8 July 5 5 5 % 1,400 3% May 7 Feb 25 34 34 36% 36% Nov 1 5 5 — Iron warrants Hotel Inc Southern & warrants.. Community Public Service ! Feb 1 Manufacturing Co Shoe Compo Conn $3 25 5 A u 28 1,100 1,100 300 Jan 3% May 19,100 29 28' 25% ik 11% 5% Aug Aug Jan tJan Nov 28 Feb Machinery— ext & 1956 to Gas 1 Coke Secur common preferred Consol G E 4%% 4Vc B preferred common preferred series C Jan Consolidated Royalty Oct 24% Mar May Utilities 6% 7% 1,650 % % Feb Continental Car-Na-Var Jan Continental Fdy & Jan Cook & Apr Cooper Nov 10% Jan Jau -- -- 5 76 -- 68% 69% 600 10 114% 114% 101 8% 75 2% 107% 20 600 9 76% 2% 1,450 100 2,600 1,600 10c 31 13% 31 13% 31 % 14V4 1 2% 2% 13% 600 36% 150 -/b Ma) 2 Jun 43 Feb 68 % 112 Nov 83% Jan Nov 118% Jan Nov 110% Jan May 9% Jan 63 Va May 2V* May 85 % 21% 35% Nov 7% Apr Jun 15 Nov 2 % Oct 3% 107 x7 Vb Feb 3% July Jan 11% 69 — • 6% 1°° 34% 10 Oil 11% ♦ 1 Consolidated Steel Corp common Consolidated Textile Co 4 Paint 55 Jan Copper May 132 Apr Cornucopia Jun 37 Feb Nov Corroon Co Co common Corn Inc 1G Corp Machine Varnish Brewing 21% 116 , -- 100 2% 7% May 6% May — 100 Sep 15% • • L P Bait series 13% 127 40 May May 39% • Airlines Commonwealth 112% 117% 1 12% * common Development Commodore 112 % 36% 4 Colonial Sand & Stone Co Colorado Fuel & 1 36% 100 Products Co Plow — -- 1 common 1 37% May • 33. 10% 6% 10 Mining & Smelt Ltd 15 page Mar 5 Gas Nov see 2.50 10 Consolidated 9% footnotes 45 4,800 3% 100 common Auto Consolidated 100 For Jan 33% IOV4 14% 1 Oct 9 V4 \ 1% May Sep 3 200 9% 3% • Jun 9 Va • 17% Jan 16% 1,000 Nov 22% Jan $1 8 Tb 8% 9% 5,300 8% Nov 20 Feb Cosden 5% 5% 5% 1,200 4 Jan Oct 5% 16 5,800 10% 14% 5 common Feb 14% IP Jun 1% 40% 10 common 11 Jun • 1% 40 165 Feb 23 7% Aeronautical Jan Nov 23% 35% 3 Brewster Jan 15 15% Nov 4% Jan Apr 1.100 1 15V2 12% May May 6,800 Light & Power 1% _. 1 16 3% common. 9% May 9V8 May 150 10 31 13% Traction 400 Feb 3 Va Corp Oct May 13% Brazilian 13% 12 100 common Consolidated Colt's 6% 3 Va Breeze 13 Jun trust ctfs Colonial 5% May 9% May __ 13% Jan Chesebrough Mfg common Chicago Rivet & Mach Chicago & Southern Air Lines Cockshutt 13% 25 May Jun 1 16 100 22 22'/3 1 1 Co May 83 Clarostat Mfg Co Claude Neon Inc Co Inc Scrymser Bourjois Inc Nov 46 Clark Controller Co 1 1st preferred May 18 480 Jan common 7% Jan 26 80% Nov Blue Borne, 20 Nov 77 Nov 25 common Jan Nov 77 16% 800 Co 50 20 22 20 100 16% 7% (H C) Feb 23 Va Mar 18 20 100 27 9 V4 Bohack 5% 100 . Conv pfd opt div ser 1929 Century Electric Co common Club Alum 55 % -- Nov 20 __ -. • Jan 7% » 1 Nov 9 common 18 • 15 7% Co ; Feb 9 & Jan 7% 3 (S) Mar 5% May 10% May Birdsboro Steel Fdry & Mach Co com.* Blumenthal 8 10 Stamping City & Suburban Homes Blauner's common— Ridge Corp Blum (Philip) & Jan Nov 2% May 24% 7 16% 1 6% • preferred Cities • common Apr 3% Mar 24'A Feb 1 4Va 11V* May Feb 9 % Jun 2% July 275 Jan 6 3Va 19% Conv pfd opt div ser Cessna 100 18 7 16% 3% 18 9 5 Va 3% __ preferred—100 37 • Furniture 13 % Aug 7% 1 pfd Central & South West Corp 3% May 15% 1 common 12V4 May Feb 700 100 24% May 16 2 600 Oct 1% Mar 7 700 1 500 16 VB loo preferred Berkey & Gay Bickford's 1 Canada 13 Nov Co— 1,500 6% 16% 13 -- 2% 7% 10 u Corp of America 3.50% Vtc 1 1,700 1 4,100 15% 1 18,400 3% 19% Mar 16 3% • 6 5% 1 Beaw-Brummel Ties common Beck (A S) Shoe Corp 13 2% 2s 6d common 31 5 1 common % 2% 1 Mining §Childs Co preferred _5 Inc & Co May 10% May % Nov Feb 25 Mfg— Refractories Bauman Jun 15 Va 7% * Light $5 Biscuit Chamberlin 50 16 5% 10% 700 2.50 common 5% 11% 900 3 • common (J W) Charis shares Steel & Seelig $1.20 convertible A Basic 1 Feb 11% 17% 1 dep rets B ord Carter Feb 8 Locomotive— preferred 12% 10% 17% • Clinchfield Coal Corp Baldwin Rubber Co common Banco de los Andes— Feb Ltd— Casco Products common Clayton • Jun 26% Ltd— Nov B Babcock & Wilcox Co 47 Feb 10% 100 Power 14% % 1,000 25 Collieries Feb Jun 17% — • 29 Va 29% • Avery (B Co 15% 8% 3/4 1 __ 2% Mar 9 25 300 23% July 7% • Central Ohio Steel 24 900 10% & Carreras Jan 110% 5 27% Mar 15'A May 5% May 32 1,100 8% 8 19% Alcohol— Baxter & Kennedy Carman 7% Jan 43/4 Oct 1% May 19% Jan 6% Caj'.ey Apr Nov 1,000 Oct Catalin 7% 2,100 Feb Castle 105% 14% preferred Marconi 4 % Central 140 8 22 Ta __ -- __ • non-voting 25% Oct 1,500 50 Feb 3 20 Capital City Products Jan Jan 14 July 9% May 14 % 17% 10% 3 % 123i» * common preferred May 6 16% 11% 7% Ltd Industries Canadian Apr 2% May 25 12 1 Feb 4% * voting Canadian 400 5'/4 B Feb Jan 3% 5 % A 32% July Nov £1 • 20% 5 Ltd Industrial Class 24 % Nov 5% Co Cherry-Burrell 50 Oct Oct. 1 Insurance Convertible 37% 105% 108 Va * Jan 1 Canners Ltd Canadian Jun % 5% Oct Associated Electric Industries— dep 21% 2% 1 Power preference Nov 10% 5% Jan Oct 12% £l Corp Canada Cement Co Jan May Jan 14 % - Electric Jan 3% • 2.50 Feb 43% 113 50c pfd Sugar Estate Tungsten Fire 51 300 100 Caliite Bread 49 3% __ _ Feb 25 — — — U Products common Canada Sep 9% 5% _ — 12%c 25c dep rets 5% Camden Nov 12,500 10 Arkansas Power & Light $7 pfd May 13 10 6 20 100 ♦ common non-voting 3% Calamba 29% May 2.000 44% __ — 36 Oct — -- — — Feb Jan 18% Wireless— 16 800 3% & American 28% — 16% 3 Va Cables Jan 13% 3,400 -- 16 10 1 common Jan 23 2% May 100 34 Va 5 H) 1% Apr 2% 20 % -- II5 (P 7% Nov 111% 16 Va 44 % 2.50 Co Corp Amer dep rets Biscuit Corp California 1,900 19% 33 % 24 • Ring Cable Electric 41% 1 Arkansas Natural Gas Common class A 161% May 43% — __ Jan 22 Sep Jan % 1 32% 70 3% 1 Jan 50 % £1 Butler Feb 20 16 V8 - lOVs Nov 3% Mar 2% 20 - Feb 24 % Nov 1 dep rets ord reg Jan 80 105% Apr 2 3 % Angostura-Wupperman Burry 100 32'a 2% 800 Jan 6V4 May 143A July Feb 111 __ ♦ Apex-Elec Manufacturing Co Appalachian Elec Pwr 4%% pfd Argus Inc Burma Feb 5 2 common Nov 25 195% 2 Products 23% Jan Nov 19% 3 % • Piston Jan 2 10c com Burd 2 "a 6% 19% • Buckeye Pipe Line 7,100 53 6% 18% 5 Ltd Bunker Hill & Sullivan 2 % 92 -- __ 1 common Mills Jan 19 350 Co 1 common Jun 15 48% May 95% Nov Distillers Aug 5 2 Va __ io common 5% 11% 2 2% 33 % A May 18 16% • Rubber Co Bruck 96 Va l 2 Brown Bruce 24 25 Co Oct Jan 96 20 25 common 7 Mar 24 % 18% • • Forman 92 96 £1 10c reg Class B 108 1,650 £1 British Columbia Power class A 13 Anglo-Iranian Oil Co Ltd— American rets ord Jun 1 Co Republics & dep Nov 23% 18% Celanese Ltd— Amer 3 58% 200 26% 12 9 % — Tobacco— rets ord bearer 98 i preferred Jan • 1 High Jun 33 9 — Feb 6% Aug 4 V4 Oct • Oil British Co rets ord reg 81 55% 10c B Ashland dep Amer dep 50 55% 22 % __ * Oil American 3,300 22 25 • $6 series preferred 6% Class A 320 3% — 1 common Superpower Corp 4% * Co Rubber Inc 400 • American Thread 5% preferred American Writing Paper common Aro 93 3% 5 common American Meter Co American Potash & Chem class Amer 84 98 100 Electric Seal-Kap 6% 1 American Maracaibo Co American Metal Products Co 38 Jan 100 American Mfg Co Post Feb Jan common Laundry Angennan July Feb 4% 5% common American Light & Trac 6% preferred Anchor 12% Oct Feb 9 1 Car convertible American 15 Nov 3 434% preferred.. American General Corp common $2 convertible preferred American 10% May 6% Nov 300 Low — __ Nov 50 America & American Gas & Amer 200 3 American & Foreign Power warrants Class 13% 31 1 American British 3% Class B Hard British-American Feb 2% American Cities Power & LightClass A $2.50 Oct 3% 3,200 American Book Co American Feb 3% Nov 45,100 common Fork 11% Aug Range Since January High __ 2 3 % common of Beverage American common 2 "1% Appliance Bantam American Co 100 2 % Inc Ltd Mfg Brown Industries Aluminium -- ~~% $3.75 cumulative preferred Aluminum Goods Mfg Aluminum -- • 2% common Co * Brillo "% Allied Internat Investing Corp Allied Products (Mich) common Aluminum Feb l,iUU 7 Shares Low Oct 2% 7 -- Sales for Week • 3% 13 Va Range of Prices Par Amer 13% Week's Last Sale Price Exchange Bridgeport Gas Light Co Bridgeport Oil Co 50c Alabama Great Southern Alabama Power 4.20% pfd Airlines Curb 2 Vb 2 Jan ..10 preferred Electric Alaska 6% May 2 SAireon Mfg Corp common Air-Way 34 900 10 preferred 60c convertible 12% Jan "7 5% * 5 common Convertible Nov 900 York 3% "3% 1 Supply Mfg capital stock Agnew Surpass Shoe Stores Ainsworth Mfg common Air Associates 4 ~4% New High May 23 1 Aero 28 STOCKS— 10 , Inc Aeronautical Products Inc Air "4 4 1 common Stores NOVEMBER Range Since January I 3 Alloys ENDING for Week of Prices ACF-Brill Motors warrants Acme WEEK Sales Last Sale Price STOCKS— New FOR r- % Co 1 13 2% 12% * 34 34 1 — — -- — & convertible 12 % 1.100 3.2 1,560 5c 10 ... v* A • 3% 13% 3% 13 e 13 A common 1 5% 5% fa/a class Petroleum 11% • Mines Reynolds preferred 10,4 H'A 1 Co Gold 9% % * Range preferred 50 __ — — Aug Feb 10% May L^OO 19% 26 May 41% Feb 3 Nov 3% Aug 8% July % May 11 9% May 2% NOV 15% 1% 4% Feb Jan Feb . Jan 14% Aug 00 171/4 Jun d.juu 3 Va May 6% Nov Jan 51 % Nnv _ ~ -- 36 •i P* 30 CHRONICLE THE COMMERCIAL Si FINANCIAL (2234) RANGE WEEK FOR EXCHANGE CURB YORK NEW Monday, December 1, 1947 ENDING NOVEMBER 28 Friday Friday New York of Prices Shares Low dep receipts (ord reg) Brewing Crown Cent Petrol Cork (Md) International preferred 2% Feb Sep 14% Feb Goldfield Consolidated 10% Feb 6% Nov 6% 4,100 4 May 16% 150 16 Oct 3% 1,000 104% 21 30 8,600 104% 104% 100 .. - ... 3% Oct 39 Oct 26% Jan Jan 96 96 100 20 % % 5% Jan j uii 61% Jan 25 % May 37% Nov 96 Nov 11,200 I10 Mfg common ,— Graham-Paige Motors $5 conv pfd. -25 —1 Grand Rapids Varnish —5 Gray Mfg Co Great Atlantic St Pacific Tea— common Jan 51% Aug 15 Vb Jan 65% 65% 50 47% May 66 20 20% 300 9% May 25 7 8% 300 100 139% 137% 139% _25 46% stock Great Grocery Stores Products common.100 Gulf States Utilities $4.40 pfd 8 Oct Oct 9% May % Feb Sep 112 Jim Feb 14 95 Va May 145 ■ July 60 133% 46% 47% 950 39% Jan 47% Nov 9% 9% 100 a % July 15 Va Jan xIOI'/b Nov 114% Feb 9% 1st preferred. Northern Paper Oct 15% Feb 8% Nov ,25c Gypsum Lime St 800 101 Oct 7% 8% 101% 101 Jan Jun 1% Apr 7 % May Gorham Non-voting 104 % % May 44 class A Gorham Inc I High 3 % May » Feb 18% 600 36% % 8 5% May 10% May -- Low ,_50 17 7 % May 50 4 36% III 107 50 — Feb 3% 36% Mines 1 Range Since January High 4b - preferred prior $4.50 3% 104%- Nov 6 6 Feb 6% Apr Sep 18% 11 11 •— 20 3% May 1% Apr 100 2% 30 22% Low — Goodman Mfg Co 6% May 6 2.5o 5 Lighting Inc common Mfg Co (Mo) Curtis 37% Oct 1,400 2% • Cuban Tobacco common Jan 1% 7% 29 Shares 96 . . 25% 21% „ , . 400 6% 22 ' _ 6,600 7 3% fl. pltjlUe 6,800 6% 16 class A % 1 for Week —1 (Adolf) Inc common Godchaux Sugara 9% 1% 8% 6% Jan 37% 1% 25c ;• 10 5 100 Drug Co common Crystal Oil Refining common $6 preferred Cuban Atlantic Sugar! Curtis x35% 7% Nov Nov 8% • A Crown 5% 36% 1 ♦ 1 5 Inc Crowley Milner & Co Crown £1 5 Co Crosley Motors ,4% Sales Range of Prices High Low High Exchange C«rb York Par Gobel Petroleum Croft Range Since January 1 Ltd— American Creole New Week's Last Sale Price STOCKS— for Week Par Courtaulds dales Range 8ale Prico Exchange Curb Week's Last STOCKS— Alabastine Apr D Davenport Hosiery Mills 2.50 Davidson Brothers Inc Dayton Rubber Co class A Dejay Stores common Dennison Mfg class A 8% debenture 50c Steel Devoe & Diana Products Distillers Corp Feb 12% Feb 16% 18 600 10% Apr 19% Oct 11% 100 9% Sep 14 Feb 2% 1,100 2% May 700 19% 17% Aug 11 % Sep x2% 19% 1,500 20 __ —— 6% 6% 6% 1,300 155 May 4% May 3% 21 Feb Oct 16 Feb 7% Apr Jan Credit Corp class Steel Tar & Chem 3 y8 3% • Coal B & 11% 1 A Bridge Co Ltd Ltd 11% 3% 200 14% — • 2,200 15% 88% Co 69% 69% 69% 75 37% 37% 39% 200 • 80 80 Oct 33% Feb 17% Feb 25% Jun 76% 170 • 82 Feb 4% Sep May 94 Feb 79 Jan Nov 48 Feb 22% 88% Feb 19% 10% May Oct 3,600 10 Corp 19 2% May 33% jan — • Harris Co 11% — 14% 25 Co Dominion Textile Co Ltd Power Hammermill Paper— — Electric Light Hartford Hartford Rayon common Harvard Brewing Go— 67 37% 1,100 80 Nov 106 Apr Dunlop Rubber Co Ltd— Amer dep rets ord reg Durham Hosiery class B common Duro Test Corp common Duval Texas Sulphur £1 7% Sep 12 May 4% May 11% May — • — — __ 5% \ 14% • 14% 5% 800 14% 100 10% May 18% Feb 6% Feb 15% Jan 4%% 6% prior Malleable Eastern States Iron 89 89 89% 150 79% 79% 82 Hazeltine Dept Stores common. Hearn Mining Co— Helena Rubinstein. Hecla 5%% 4% preferred w w preferred w : w_ Holly Stores Inc Inc Horder's Horn St Co common St Hardart Baking Co— Horn & Hardart common- (Geo A) Hormel 5% 9% 700 8% 10% 900 10 Vb 12 300 u< Via j 40 • x64 1% May 4% 66 200 11 % 11% 400 11% 54 % 54% 55 325 12% X12 % 42% May 6% May Oct ' Oct 82 May May 77% 200 11% Jan 16 Nov vi Feb 14% Mar 25 80 13% a> Jan Feb 98 % Nov 107 Jan Nov 85 Mar _9% 400 21 Vb 22 Va 1,500 54% 55 x9% x9% 10 Va 2,800 7% May 10% Feb 4% 4% 1,300 knr 4% F*b 28% 350 ~9% 28 350 8% Aug 15% 19% May X35% 57 Mar 49 Feb Feb Aug 28 % Nov 20 Jun 23 Aug 37 Jan _44 150 Oct 181 Feb 74% May 43 Feb 23% Jan Oct 154 10 35V4 36 125 40% 42 % 300 66% 68 % 4,200 4% 4% 200 4% Nov 12V4 14 Ve 1,100 12 % Sep 14% Oct 44 45 42 Aug 47% Feb Jun 15 Feb 154 — xlll 67% 12% common—• * 1 • 5 50 200 10 99% 11% ~9Va 1 300 12 98% Jun 76 • — 75 116% July Nov 28 Apr 42% Nov 72 % Aug 9% oo% Apr 5% 1st 12% Nov 11% 5 $2.25 preferred Common stock warrants 9% July Ft»b 17 % 1:1 10 Vb 28% preferred Hydro-Electric Securities Hygrade Food Products 200 beneficial Share & Electrographic Elliott Co int 1 11% 1 • common 5 2d pfd A 11% 137 13% 12% Corp 1 Inc 1 common 10 2,600 17,000 144 260 4 Vb preferred 4% 4% 23'/2 23% 23% 400 2% May Inc 19% 19% Feb 1% ~8% 8% 800 7 % May 10% 45% 45% 45% 150 37% May 2% 26% — Feb 51% Feb Oct 3% Feb Jan 26% 200 21 May 49 % 25 MftJ 31% July Oct Corp Ltd Eureka Pipe Line 20% 17% 155 7% Jan Sep Feb Jan 26% Oct 2% Aug 15% May 4% Feb 24% 50 800 7% 200 3,600 Nov I Sep Oct Nov 17 7% 111 Sep Mar Jan 5% convertible preferred Illinois Zinc Co common ~1% "l% 47% 48 Amer dep rets registered 8% 8% 3X 3A 3% 8,400 28% 28% 50 Registered Imperial Tobacco of Canada Imperial Tobacco of Great Britain .1 _1 Falstaff Fansteel Engine & Airplane Brewing. 8% Jan 13% Oct 2% Jan 53 % Jan International Cigar 12% 12 May 113 May 27% Nov 3% Oct 30% Apr 1,400 7Va May Oct Vb 28,700 2 May 4% Oct 32'/a 2,800 21 8pr 32 Vb Nov 12% 12% 13% 1,500 12% May 22% Jan 11 Va 11 Va 11% 2,400 11 Sep 14 Jan 10 48% 48 48% 230 45 Aug 64 Feb 2% 1,100 lOo 2'/a preferred (M H) Co— 1"% May 1 3% Jan 43% 5% • ; 18% 18% 5% 800 19 500 • 4% Oct 6% Apr 16% Sep 18% Aug Fort Pitt Brewing Co Franklin Fuller 1% 100 Co new Co Feb New Oct Class A 1% Sep 3 Mar common Jun 10% 91% 31% Sep 14% 30% 150 29% Sep 38% 8 Va 8'/a 100 6% May 12% Feb 14% 1,400 12% Nov 14% Nov Kansas Gas & 14% 10% 62 67% 1,000 45 % May 71% Oct 25 29 Jan 10% 7,600 lOVa 15% Feb 10% 1,400 6% May 11% Oct Feb Apr 19% Nov 104% Feb May 9% Oct 2 May 3% Jan • II 4 — General Outdoor Adv 6% 4 23% 10% 10 Va 10 Vb 10% 15 14% General Shareholdings Corp preferred 7% 4% 1,300 23% 25 9% 9% 200 7 7% 1,200 8% 400 35% 700 8'/a 35 35 105 105 1 $6 18% 18% 106 60 19% 500 preferred—* com convertible 3% May 22 Apr 9% 6 Nov May 7% July 24 6% Jan 32% Jan 14 9% 9% Jan Jan Feb Jan 37 Nov xl03% July 17% Nov 109 15% preferred Jan 25% 100 300 10 Vb Nov 15% Feb 1,300 11% Apr 18% 300 1% Oct 5 Va Nov Feb 11% 11% 12 2,000 0% May 14% Jan 6% 61/2 8% 700 6% Nov 30 Jan 1 Vb 1 Vb 1 Va 1,100 18% 18% 18% 150 5 Vb 5 Vb 5 Va 700 4% Rep T% pab % Va % 400 % Nov 1% Jan "3% 300 3 May 96% 98 320 89 Mar 99% Aug 114 113% 114 50 Sep 115% Mar 111% 110% "5% "5% "5% 1,100 19% (AC) common 4% 19 20 % 350 Jan 4% May 13% Jun 110% Oct 6% Mar 22% Feb 52% May 54% Aug * Gladding McBean St Co 12% 17% • 27% 29% 23% 24% .2.50 • Coal 23% 1 Inc 27% Sep 29% Apr 18% Jan 25 Feb page 33. 20% 1,200 15% 15% 17% 4,400 14% 15 1,000 19% 19% Jan 100 . 14% Glenmore Distilleries class B Nov 700 ~ Corp 1% Jan 16% May 22% Feb 11% 400 Feb 5% 100 9% Aug 3% Jun 22% 5% 7% Jan 2% 400 1% 8ep f% Feb 6% 1,700 6% Nov 11 300 10 7% 700 6 Nov 5% HRP 6% Nov 24% 6 17% 1 Co common * 10 1 (D Emil) Kleinert (I B) Rubber Co Knott Corp common 9% 10 14% 15% 27,300 16% 14% 16% 100 17 17% 9% Jan D 7% 30 'HO Nov Jun 9% May 18 % Oct 122% July 15% Aug 125% Feb 5 26% Mar 10 May 6% May 2" 75 400 9% 8% May 14% July liiv, 400 15 108 Jan 10% Nov Feb Feb 53 51 55% 140 51 NOV 87% 40 40 42 V* 130 40 Nov 69 Jan 15 15 15% 700 12% May 17% Feb 4% 15 — 4% 14 lit 1% 1,600 4 Sep 6 Feb 5,500 4% 15 7% Jan 15 Oct 1,200 1% Jan 111 July 14% Oct 24% 24% 200 25% Feb 15% May 24Va 20 Aug 19% 26% Sep Nov Apr Tnr 1 7% 7% 400 Mnv Krueger Brewing Co 1 18 Vb 18Va 18 Va 100 13% May 18% Laclede-Christy Clay Products 5 12 17 y8 July 11% 11% Kobacker Stores— 8 Oct • Co Sep 1 Oct "3% — • 1 Preferred Apr Nov 2 1 100 * Kirkland Lake G M Co Ltd Lake Shore • Giant Yellowknlfe Gold Mines Jan May Feb 89 1 • Georgia Power $6 preferred Apr 1% ■ 5 * 5 pfd (Walter) & Co Kimberly-Clark Corp— 4% % preferred 100 Kings County Lighting 7% pfd B—100 5% preferred D 10o King Seeley Corp 1 Kingston Products 1 Kirby Petroleum. 1 Klein __ 100 Plywood Corp Public 1 • pfd General General 21 K Electric 7% Kldde 10% 4 10 see 100% Mar Nov 6% Key Co common 15 5% preferred series A General Fireproofing common footnotes 111 Sep 13% 10% Feb 93 £1 For Nov 85'/a 200 — Kaiser-Frazer Corp 14'/a 5 Amer dep rets ord reg General Finance Corp common Globe-Union 91% 450 14 62 Feb 30% 20 Electric Co Ltd— Alden 50 94 13% Feb IVa preferred-. Harvester 95 92 Jan Sep 100 1 General Builders Supply Corp Gleaner Jan preference 150 • preferred Mfg Co common General Alloys Co Gilchrist 21% 10 Julian & Kokenge Co 7% 100 5% Gellman Gilbert Oct 6% 23% 2 common Service 10% preferred 50 Gatineau Power Co common General 100 «... common 7% 23 G conv Feb 12 2% Jefferson Lake Sulphur Co— Kennedy's Inc Corp 14-' 11 common Kawneer Co Garrett Nov J Glass 1 (Geo A) 1 • A Italian Superpower l 1.25 Stores Feb 10% — * shares Chute Irving Air 23 7% l (Peter) Brewing Franklin Simon St Co Inc 4%% conv preferred Feb 14 900 92 50 10 International Safety Razor B • International Utilities common 5 Interstate Power $7 preferred • Investors Royalty 1 Iron Fireman Mfg voting trust ctfs—• New 1% — Apr 14 Va 12 International Metal Industries A • International Petroleum coupon shs__• 20% Ford Motor of France— dep rets bearer 6% Apr 11 Jim Brown Stores common- Class A non-voting Class B voting Feb 10% 10% 20% July Ford Motor of Canada— Amer 10% May — • Machine International Hydro-Electric— Preferred $3.50 series Jeannette JE1 100 Jan Nov Ford Motor Co Ltd— dep rets ord reg 1,800 21% Mar Nov 40 17% cum — 5c to $1 Stores Amer 13% 3% 30% 1 Corp Fire Association (Phila) First York Corp common 12% Jan 64 Feb 6 3% 4 11% 12 Nov Nov 52% • 200 • Metallurgical. div 11% 900 6 Indianapolis Pwr St Light 4% pfd—100 Insurance Co of North America 10 Nov 31% Fedders-Quigan Fishman 11% 600 12% £1 & Ireland Nov Registered Falrchlld Camera St Inst Co 3,400 53% 12 n% International Products Fairchild 26% 52% xll% xll% £1 • * 5 1% Aug 43% Jun 150 25% 12% Imperial Chemical Industries— Imperial Oil (Canada) coupon 8% 1% 47% 26% 53% • 50 • Illinois Power Co common 7% 5 10c 10 common 60% 13% 100 100 1 1 - 300 3 100 1 Eureka 14% 43% Aug 3 3 l preferred Nov 8% May 115 May 50 convertible Esquire 1114 • Empire District Electric 5% ofd Empire Millwork Corp 1 Emsco Derrick & Equipment Equity Corp common Glen 600 — Huyler's common 3% of Electromaster $5 14% — * • • • Nov 78% Option warrants $6 Nov 4% Nov ~3% Electric Power & Light 5% 7% Sugar Associates— shares Electric Bond Fox 700 21% 57 x74% $5 pfd shares of beneficial int Easy Washing Machine B $2 7% 100 S preferred Feb Mav 10. 100 100 1 • Holophane Co common. Feb 6% 9% 10 5 :— Feb 9 200 10 Vb 1 Hollinger Consolidated G M 5 4% 11'% 1 Henry Holt & Co common Heyden Chemical common.. Hoe (R) & Co class A Feb 2% May Oct 6% 2 Heller Co common. 82% Jan 1,700 70% xl4% * —5 25c * Corp Jan May 41/4 Apr 7% 97% • preferred series B $3 4'/a Feb May Nov 6% Jan 35 V2 20 8"B 40 % rd 28 2% 49 1,250 25 55% 4% 4% • $6 5% 55% Nov vlb> > 2% May 81 May series A preferred Com 3,200 Corp $7 Eastern 4% 100 preferred Eastern 4 100 preferred 4 1,100 of America B non-vot com—1 Hathaway Bakeries Inc 1 (Harvey) Inc Humble Oil St Refining Kurd Lock & Mfg Co Hussman Refrigerator Co • 1,100 40% Hat Corp Hubbell East Gas & Fuel Assn common 9% 40 • 10 25 1 1 Bridge Co Ltd 9 Va 9% 5 Hall L8mp Co new common Hamilton 11% Feb Nov' 17% 1 Dominion Duke 10% 11% £1 common Dominion Draper 2% 1 • rets ord reg Dominion Driver Jan Ltd Co Amer dep Dobeckmun Co Domestic l 50c common Jan H Oct 8 150 16% 8 10 Raynolds class B Stores 38 38 6% 32 10% r 100 Co common Detroit Gasket & Manufacturing Detroit Gray iron Foundry 30 Aug 9% May 600 35% 11% 10% 5 Derby Oil Detroit -t 35% May Apr 6% May 7 V8 7 35% 35 common 28 _ ~7 1 16 Jun 9% May 13 Oct 22% Oct Mines Ltd Lakey Foundry St Machine Lamson Corp of Lane Delaware Wells Co common 28% Oil Development (R G> Inc 3b Jan 12% Apr 5% Jun 24% 7 Jan 7 May 12 Jan 44 Jan 44% Jan 2 Mar 29 Jan 300 22 Le Tourneau 21% May 100 23% 23% Leonard 225 22% 22 Jan Jan 1 22 NOV 34 200 • 17 Nov 8%. 5 5 1 * 25 17"% NOV 8% class A__• Lefcourt Realty common.... Prior preferred Jun 24% 800 United Bakeries Class B Lanston 9% 7% Monotype Machine La Salle Ext University Langerdorf 16% 6% May 15 Vb Jan 3,700 7% 1 1 May 11V* May 5% Apr 12% 1 5 6Va 1 16% 1 16% 6 Va 600 1% 4,700 1 Sep 17% 1,800 16 Sep 8% _ Feb Oct Oct THE Number 4651 Volume <166 GRANGE IFOR East Week's Range Sale Prioe of Prices Friday STOCKS— York Curb Exchange Low Par Line Material Co Lionel Corp Llpton Lit 10 (Thos J) Brothers Loblaw Inc 6% preferred—25 common Groceterias * - class 20 20 20% 25% 25% 50 9% 9% 100 800 400 19% Apr 25% NOV 16% 21% 1 8V2 preferred preferred B ctfs of dep ctfs of dep., A 21 8V2 16'A 21% 3,200 8% 300 4,600 Feb Louisiana Land & Exploration Louisiana Power & Light $6 pfd 1 Lynch Corp 2 ft 57% 49% 16% V2 56 49 xl6'/2 % 59 51'A 17% 4,600 200 * 16% — 500 17 J&n Ohio Power 4%% 29 Jan Oklahoma Feb Nov Oliver Jan 21% Nov li'i* Jan % Sep Mangel Service Nov 90 Stores Manischewitz (The B) Securities Nov 82% Marconi International Communication Marion Power Massey Harris 11% Jan .'17% 109% May 15% Jan McAleer 5% Mfg Co Ltd Jan July Pacific Gas & Elec 6% Co common McWilliams Mead & 13 Apr 23% Jun 25% Jun Pantepec Oil of Venezuela Paramount Motors Corp 38% July 65 Jan Parker 5% 5% 7% 7% 24% 24% 24:% 1,600 500 Co 12% 11 12 Va 1 27% 27% 5 6% 6 Va 1 1 Va l'/a » common Mfg Co Merritt Chapman & Scott 18% 18% 27% x6 A 10% 11% May 20% Feb Peninsular Telephone common... 6% Aug Pennroad Corp common 7 Va Aug Jan 28 Oct Penn Gas & 38% May 8% May 45 Feb Penn Power & Light 15 July Penn Traffic 24 83 % 300 19 500 May 8% Aug Jan 5% May 7 Feb 1 3% Jan Apr 15 Va May 21% July 4% preferred 100 Messabi Iron Co Textile Corp 25c Participating preferred Apr 8% July 108% — Sep 111% May 6% Jan ~4% 900 3% May 4 Va 100 3 May 43% — _4% 4'/a 1 Patchogue Plymouth Mills 13% 400 Sep 15 1 Michigan Sugar Co * Preferred 10 Micromatic Hone Corp 7% ~2Va 9% __ 8% t c__l 23% 1 v 5% vtc B ~2 2 .1 Middle States Petroleum class A Class 7% — 400 2.50 23 1,000 10 300 9 900 23% 5% 500 5% 17,200 5% May 7% Sep 1% May 9 May 8% Midland $2 5 Oil Corp Steel 50 Jan 8 Oct Co Co 12% Feb 14% Feb 23% Nov Apr 3V2 3% 3% 15% 15% 15 Va 13% 14 23 preferred Pharis Tire Missouri & L Public Molybdenum 5% Service 5% Nov Monroe Loan Montana Montgomery Utilities Ward Moody Investors Morris Plan Mountain A partic pfd Mountain 21% Oct 33 100 3 'A Nov 4% Jun Pratt & Lambert Co * common 6% May 9% 36 Va 100 31% May 7'/a 1,100 Mountain State3 Mountain States Power Tel Tel & Muskogee Co 100 7% 7 Va 7% 2,300 3% 3% 2,800 2% 3 12% 1,600 177 177% 150 38 38 % 10% 10% 27 * 300 12 25 41% n 300 Inc Hess National Breweries 7% 88 10 Jan Sep 106 Mar May 30 Mar 6% May 11 24 3 Feb May 5% Feb 2% July 11% Apr 3% Jan 15% 174 Nov 31% May 3% Apr 5% 12 Va 16% 6% 3% Sep 2% Jan Aug 11% Nov Nov 37 Mar 50 12 13% Rubber National Transit Machinery Car (Herman) Mur Co Co & $5 New Park New Process Co Mining Land Co 1 N Y & • . Honduras Rosario lo N Y Merchandise N Y 10 Mar May Feb 5 Sep 6% Jan 9% 500 9 May 15% 100 13 Feb 18% July Jun 10% 88% 90 70 88% Nov 13 120% Feb Jan Jan 5% 100 4 May 8% Jan 12% 50 10 Apr 15% Jan 57% 60% 1,500 57 Oct 67% Jan 5% 1% 5% 12% 6% 3,300 3% May 1% May 6% Nov 1% 1% 500 70 10 __ 30 Jan Jan 9% 60 Va Oct Mar 14 Apr Aug 12% Mar ~6% 2,200 6 9% 1,100 9 % May 13% 9% 100 9% Nov 21% 24% 25% 300 14% Jan 27 ~3% Feb Feb July "3% 1,300 2% 2% 2% 2,000 12% 12% 12% 900 10 41 41 25 41 56% 58 3% 58 9 5 2% May Oct 2% 49% 390 9 9% 550 5 5 100 8 ~4 ~4% 14% Nov Apr May 4% May 14% May 1,000 xl3 May 1,500 "4 Feb 6% Jan 14% Feb 46% May 63 Nov 11% Feb 7% Jan 17 13 Feb 6% Jan May 19% Feb 8% May 13% Feb 3% May 10 % 11% 11% 50 93 93 10 93 Nov 43% 43% 44 Va 250 35 May 140 72 Oct 96 Va Oct 48 Feb 85 Mar 13 Va NOV Nov 2% Feb 11% Nov 17% Jan 8% Apr 10% Oct 1 1 1 150 99% 100 99 % Nov 103 V* Sep 300 98% Nov 110 % Jan Puget Sound Pulp & Timber 200 25 % Jan 45 % Nov Apr 14% Feb 11% Feb 98% 99% 45% 45% 13% 99 Pyle-National Co common Manufacturing Pyrene 13% 13% 325 9% 8% 400 8 May 85 X8 8% Quaker Oats common 6 % preferred Quebec Power • 100 10 $ 800 30 30 — 250 Aug 7% May 2% 82 10 Va ot.il Jan Feb 30 Nov 47 % 60 * Co May 21% Jun Jan 170 Feb 18% Feb 5y* Jan 19% Feb R & 30% 10 Investment A. 30% 1 . 2% May 13,800 * • $3 convertible preferred. 5 Manufacturing Roller * Bit Co 1 1 5 15% 100 Richmond Radiator 1 Apr 1V* May ■ 2 Feb 55 200 27% May 31% Oct 37% 10 Reed 2% 17%. Light Securities— common Raytheon 2% 17% 2% 38 500 29 7/8 May 38% Jan 55 55 50 Feb 55 V* Sep 8% 8% 21% 21% 6 % 3 Va x6 3Va 9% 22 51 6,300 6% May 13% Jan 500 18% May 5Vb Sep 23% Jan 6% 2,000 3% 600 22V4 175 22 3'/a Nov 8Va Mar 3% Nov 14% May __ 4% 4% 1% 1,900 Sep May 32% Jan 37/a May 600 24% 22 22 6% Feb Rio Grande Valley Gas Co— (Texas Corp) v t c Rochester Gas & Elec 4 7o 1 pfd F Rolls • 1% ■ -1% May 98 98 10 97 Nov 32 34 100 25 Mar 11% 32 n% 200 11 Oct 2% Feb 107% Mar 34 Nov Royce Ltd— Amer Rome dep rets for ord reg Corp common £1 Cable 6 Va 400 31/4 Aiir 7% Oct Co 1 23% 21% 23V4 10,300 6 Va Jan 23 V* Nov 10 19% 19% 20 7/8 400 151/2 Apr 24% Feb 15 Apr 12 Rotary Electric Steel Co Royalite Oil Co Ltd... Fifth Ave Ryan Ryan 6 6 * — — 12% 700 10V4 July Co 1 "4% 4Va 4% 800 31/2 May Petroleum • 10 9% 10% 5,400 5 common 1 6 6 6% 1,200 31/2 * 1,700 7% May 500 1.25 common Aeronautical Consolidated Ryerson 14% July 5 Petroleum Russeks — 5 Inc Roosevelt Field Root 1% 100 Roeser & Pendleton Inc & Haynes 18% Feb 14 Feb 6% Feb Sep 11% Nov Apr 6% Nov Jan 10 96 Nov Nov Jan 13 __ 170 90% May 150% 14 Va 91 150% 152 90% 152 Shipbuilding Corp— Founders shares 1 Niagara Hudson Power common 5% 1st preferred , 14 15% * common N Y Auction Co common 69 Nov Apr 4% • Oct 4% 6 500 9% May * * 6 10 Oct 9% 60% Nov Feb Nov 40 600 Jan 14% July 2 1 18Va 39% 24 3% __ 4% 56% 9% 100 preferred prior preferred Jan Oct 2,800 25 Arizona Oct 9 2.000 .. 53% 850 7% Sound Power & Light— Puget July 10 % May 4 20 Zinc Mexico May 21% May 4'A 1 convertible preferred New Jersey New 13 3% 100 Jun 15 Va * Raven Clock & Watch 4%% 400 Jan 43 15 100 12'A 45 Nov 3% 15% Apr * Nov 17% __ 4% 9% 9% 9% July Aug 4% Feb Apr 3% 5 ~6 8 11 3% 5 A New England Tel & Tel New 200 200 16% 10% 1 Corp class 16% 36% xlO 11% 700 Jun 30c common Neptune Meter common Nestle Le 20.700 • National Union Radio Nelson 16% 36% xlO * Ltd 2% May Oct 35% 43 13 V2 Steel 11% May 5% Apr 7,200 37% 11 National 400 3% 13% National 400 37% 4 100 114% July Colorado— of cumulative Railway & Utility 11% National Radiator Co 54 NOV * Gas Service 4%% Voting x6 16% 7% 103% 11 4% 14% July 10 V8 May 15 36% 53% 50 Oct • 1 Feb 4% Jan 24% 1 2 11% 6 80 July 41% Sep 18V2 May 12% July 400 National Mallinson Fabrics common Feb May 6% 194 Feb National Fuel Gas Cooker 7% 5% 97 Jan 138% 25 Mfg & Stores common Jan Providence Sep 300 Pressure Jan 11,300 Feb 98 300 National Jan 28% 6 Feb 20 23 13% National 51% Nov ~6 700 1021% 12'/4 ... Jun 1,500 27 13% * common preferred Jan 40% 1% 500 12 Va 3% 59% 250 12% 23% 13% 6 30 44 75 % 22% 1 common 95 July Nov 12 V* 102 1 common Bellas 19 V* 73 V* N National 13% May 12 % Railway Namm's 18% 800 75 8% 23 15 Feb 18 1 2,900 12% 10 52 Va 1 10!, 10 Corp Feb Nov • Inc Metals of ;S_ Nachman 15% America 5,900 1 G 2.50 common Jan Jan Corp of Nevada Prosperity Co class B 27 100 Murray Ohio Mfg Co Muskegon Piston Ring common 26% 3% 4'/a • common 6% May 102% "" % 12% Feb 1,900 4'/a Apr 28 * 100 1st preferred 8 * Producers 2 50 50 5 —1 25c 2.50 common Corp of Canada common 6% 7% 5c Jan 8% 200 —«■ Nov Mining Co & Alexander 7% 10c America Jun 3% 8,500 11 10 Producers 10 of Corp City Copper common 24% Nov shares common Powdrell Pressed 177 27% Mar Sep r« 29 55 50c common 31 Polaris Prentice-Hall * 53% * Jun Sep Feb 5 10% 103% 103% 1 20 2.50 July Jan __ Oct 42,500 7% 12 Nov 1 Mar * 16% 8V4 1 common Society A Dakota Scale 17 V» 1 Corp Monogram Pictures Aug 10 2Va May 1 16->s 26% 105 Feb 25 6 1 Jan * common 105 Nov 12 43 100 pfd Johnson Ltd Amer 13% May 1% May 6% Jan Oct 99 94% 18'A Pioneer Gold Mines Ltd 12% — ft 10% 28 Piper Aircraft Corp common Pitney-Bowes Inc Pittsburgh Bess & Lake Erie RR Pittsburgh & Lake Erie Pittsburgh Metallurgical common Pleasant Valley Wine Co 200 100 101% 25 100 13% 11 • 300 * pfd 120 99 13% 24% Pierce Governor common Public P 104 % 104 25 * * 1,300 36 38 Va Mar 2.50 & Rubber 2 Va — 41% Mar Nov 13% Philadelphia Co common Phillips Packing Co 2% 50 Mining Corp of Canada common 4%% (The) Pepperell Mfg Co Perfect Circle Corp 2'/a ♦ Nov 31% 6% Co 50c common convertible Minnesota Elec class A 1 common j Refineries Co 3% 22 34% 700 99 375 22% 2,300 31% 104 % 25'A 10 Oil Feb 12% May 7Va Jan 15,700 25 50c Piping & Supply 4% % 11 • Midwest Wohl 15V4 11 12% 1 Pep Boys Power common Midwest Miller 14 Va 11 * Mid-West Abrasive Mid-West 10% Feb 3% Aug Products— dividend shares non-cum Midvale 14% ♦ $1 conv pfd Jun 35% • 25 Penn Water & Power Co Pneumatic Ex-distribution 7% 35 31% 35% Jan Feb 8% May 16 Middle West Corp— Midland Feb warrants Penn-Dixie Cement Pinchin Michigan Bumper Corp Michigan Steel Tube 16 Oct Mar 50 2,500 Sep 11 1 * May 1,500 Warrants 6% ft 6 Sep 7 Nov % 9% 10% 5 Co Pen 5% 1 % 300 Jan 10% 1 $1 cumulative preferred 5% • * Memphis Natural Gas 500 Nov 13% • Parkersburg Rig & Reel 1,100 14 Amer shrs__ 3 _9% Jun 13 * 200 13% xl4 9% * 13% ~9% Oct 1,000 13% preferred 1st 13% 13% 18 Public Service Page-Hersey Tubes common Pan American Airways warrants 13% * Menasco Metal Oct 7 21% Aug 20% Jan 10 Dredging Johnson Sep Nov 1 . preferred Corp common preferred $2.50 5% 18 ~9% Jun 25 25 » 100 Lighting $5 preferred pfd 800 * convertible McCord 1st pfd 1st preferred 16'% 10 12 % 9 Pacific Can Co common 20 18% £l common Feb 12% Nov 118 Marine Shovel Jan 8% Sep Oct Jan * Mapes Consolidated Mfg Co 37% 4% May 11 1 * Co 29% 1,600 1 18% 1 common Nov 109% 300 6% Nov Mar Jan 49 $1.30 400 210 33% O'okiep Copper Co Ltd Amer shares Pacific 7 111% 33 x6 39 116 * Pacific Power & Light 5% 7 5 10 Co Jan 2% Jan 31 Jan 1% 551 M Public Gas Filters B United Pacific Maine 250 1 Omar Inc 16% IV* May 1,000 39 111 100 preferred Natural 1% 38 % • Old Poindexter Distillery 7% May 16% High Low 15 31 5%% Mackintosh-Hemphill Co B common class <28 5 Va May 5,900 1,150 Co Ohio Brass 1% 60o Ogden Corp common Overseas dep 7% 6% 16% Range Since January 1 Feb Jan Ilia Jun x2l 1 10 28% 32% . Sep 25% July Gas Corp common Longines-Wittnauer Watch Co Long Island Lighting Co— ctfs of May 23% 5 Star Common a in Shares High Low Par S«les for Week Oct 20 13% May * Chain Logansport Distilling Co Lone 16% Last Bale PriM Exchange Curb High Low A Class B Locke Steel 1 STOCKS— York New Range Slnoe January 1 High 16% Week's Range *f Prices Friday Sales Share* 16% — ENDING NOVEMBER 28 for Week -- 5 WEEK 5% 1 100 preferred 2d Class B 100 13% 8% 101 13% 8% 101 118% 13% 100 9Va 8,800 103 250 118% 120% 600 7% May 101 Nov 110 Apr 15% Sep 10% Jan 124 Jan 122% July Bt Lawrence 5 * Hundred Corp B Nineteen Noma 5 Electric 1 preferred. * North American Rayon class A Class B * * common North American Utility Securities Central Texas Oil Northern Northeast North RR Co Northrop Power class Aircraft For footnotes ~_25 1 2% 2% 2% 200 2 % May 25c 2% 2% 700 4% 100 IV* Jan Samson 9% 900 Feb Sayre & Fisher Brick Co 1 11% 12% 8% May 9% May 10% 11% 15% Feb Schiff * 12% 13 9 1% 18 7% 9 lft 17% 7% lft 18% 3,600 8,200 45 45% 42% 43 3% 189 23A 23A 14'% 14% 3% 3% 700 300 600 100 100 2,900 33. is Aug May 6% May 155% May 32 30% 2% 10 3 97% 100% 101% 39% 39% 43% 50 2,900 1 page Jan 11 7% 188* — 10% 1 — — 300 2,900 __ __ 2,300 6% 6% 7% 2,200 * * see 3,100 27% May 6% Jan % May pfd.100 A Inc Novadel-Aaene Com 10% 500 —50 <. Northern Indiana Pub Serv 5% Northern States • 5 1 Airlines Penn 41 10 Va % 1 Mines.. North Amer Light & Power common—l $6 14% 39% 10% 3A Savoy Niagara Share Corp class B com Niles-Bement-Pond Nipissing United 14 39% 1 conv 14 50 Corp Ltd pref Class A $2 Salt Dome Oil Co % optional warrants 31 EXCHANGE CURB YORK NEW New (2235) COMMERCIAL & FINANCIAL CHRONICLE 20 Va 183A 20% 1,000 100% Apr Apr Nov Mar Nov 2 Jan 1 common Manufacturing Steel Jan Scullin Feb 189 Va Nov Seeman 45 % Nov 25 Securities Corp General Segal Lock & Hardware 43 5% 14 % 7% Selected Nov Jan , $5.50 prior Allotment Semler Feb Sentinel Feb Sentry Serrick common 1 5 stock 3% 3% 25 Inc Radio Safety common Control class B 3% May 1 3 Oct 6Va Feb 37% Sep 3% Jun 6% Jan 29% Apr 37% Jan 13% Feb 17 21% Feb 4% Jan ~2% ~2% ~2% 400 17% 17% 300 2% 2% 2% — 6,000 May 2% May 19 May 4% 24 20% 250 2% 2% 4,300 2 Apr 3% 17% 18% 1,000 13 21% 82'/e 200 78 May May 20% 18 3 May 2% Aug 82 80% 1 1 May 5,200 33 Jun Jan Feb Feb Feb 90% July 92 July "5% 1 — "5% 700 5% May 13% Jan 2% 1 Corp 1% May 26 Oct Feb 1,000 32% certificates (R B) Corp Inc 100 5% Oct Nov 8 3% * 1 stock 32 33 * Industries Convertible Jan 9% Mar 31% 1 Selby Shoe Co 2% 4% 32 * common Inc Jan 110 46% Co Bros Sep Nov Aug (D A) Inc Scovill 11% 101% Jun 18% Nov Schulte (Del) common 20% Feb 30% May 5% 14 % Aug Oil Inc Co Corp common 16% 44% 13 2% 500 2% May 4% Feb 1 1% 400 1 Apr 2 Feb 12% 100 8% Jan 12% 13% Aug 't; 32 (2236) THE New York Curb Exchange Sale Price Par Beton Leather Week's Fast common of Prices Shares 11% 5 COO * 300 1 4% new 15 25 common preferred 2,600 70 % -100 109 % 900 107% 109% 30 4% 73 Sep Wagner Baking voting 7 % preferred 106% May 115% July 27 Feb Apr 13 Oct Feb Jan Wentworth 8% 6% Apr 9% Oct West Utilities 250 % Nov Jan West Virginia Sep 5% Apr Western 94 Nov 102% Apr Westmoreland 24 Apr 25% Oct Westmoreland 15% Jan Weyenberg Shoe Mfg 8% Feb Whitman 4% Sep Wichita 10% Nov Williams Jan Willson Aircraft 254 * 1 9 * 9 % 1 3% 3% 3% 1 — — 3% 3% 4 4% 4% 300 37% 36 % 38 % 3,700 9% 1 common Corp common 12.50 Southwest Pa Pipe Line 1,800 900 1,400 10 300 7V4 May 3% Sep 2% Mar 10 (R 38% Nov Jun 35 % Feb 40% 40% 40 Aug Woodall 2.9 28% 29 Va 1,900 28% Nov 33'/a July Woodley 25'4 25 % 25 % 100 25 '/a Nov 29'% Woolworth 5 5 34 Oil 35 35 500 4% 5 200 4 % * 6% 6 % 6% 2.78 1% 1% 1% (A) Co 25 'A 36 3,800 9% 500 21% 3% 800 3 May 10 ~9% 10% 800 9% Nov 28% 28 % 29% 2,000 27% Jun 1% 1% 2,800 1% 100 110 20 1% May 1% Oct 100 4 1 8% 8 % 8 % 1,000 8% 3% Sep Corp 1 4% *4% 4% 500 4% Nov 1 3% 3% 3% 400 3 Feb Feb 12% Feb 5% Nov 4% Feb 9'% Feb ' 4% 4% 5 300 Sep 4% May 61 61 62 130 61 Sep 77% Feb 25 24% 25% 400 27% Feb 1 19% 19% 100 17% May 14% Jun 29% Feb 1 8% 8% 100 8% Oct 1 2'/« 2% 2'% 1,800 1 Stetson (J. B.) Co common Stinnes (Hugo) Corp Stop & Shop Inc Stroock (S) & Co common 8% 8% 8% 400 14% 14% * 5 % 1 15% 15% 1 • 23 % 23'% * Sunbeam 30% 32 25c common Superior Portland Cement, Inc Superior Tool & Die Co 7 " 150 50 50 700 7 7% 800 17 * 6% Jan 2'% Nov 5% Feb May 11 'A May 13'A Feb 17% Jan 2% Jan 7 200 15% 17% 625 % Nov 13 'A May 20 May 18 Sep 32 Feb 26 35% Aug May 7 Jun 10 12 % May 1 3% 3% 1,100 3'/a 14'% 14'% 50 12'% July 20% Apr Jan 4% Jun 10 Swan Finch Oil Corp pfd "iexas Pdwer & __ Light 1% Thor Tilo Inc Co York Associated Curb Realty & Brewing Co & 500 14 % 2,200 Jan 16% Nov Steel Edison §C?ntral A5s Allied 20 8% Jan 10% Oct May 10% May 34 % 17% 17% 100 14 Apr 30 400 19 Jun 18 18 200 13 18 Oct 31% Nov Oct 21 13% 100 20% Jan 10% 13% 525 10 Va Nov 19% Jan 5% 5% 300 5'/4 Sep 8% Jan 14% 15% 225 14% Nov 16% 16% 100 11% May 15% 21% Feb 17% 108'% Oct 105 Nov 11 May 16% Feb Jun 13% Nov Feb 14 14 14% 1.200 13 % 12% 13'% 1,100 9% 9% Jun 13% Nov 2^ 210 2 jh 7,900 ~2V* May ~3'A Feb 117 19 'A Jan 122 12% Apr .1961 .2024 .1964 .1998 Electric 52% 52% 70 5% *165 180 105 % 106% 108'/a 12 110% 115% 165 165 100% : 100% 101 106 17 90 -1954 M-S 91% M-S 104% 95 91% 90 96 >A , 104% 106'A 81 110 11 103% 106 'A 103% 105 «/4 104 % 106% Debentures 3s 1977 J-J 84'A 313 81"% 1969 J-D 4 105% 109 10 100% 106 'A 99% 105% Consol El Lt 1st ref mtge 3s 1st ref mtge 2%s 1st ref 2%s series R Gas Pwr & 1976 Q ser Lack 1st Western & of Lackawanna J N A 1st 108 107'% 10& 101 A-O 101% 99'% 99'% , 2 54 107 ni3 117 114 % 116% , 119% RR— Division— Af-N *55 57% .1993 May *27% 28% .1965 J-J .1993 mtge 4s ser A Eastern 93% — 4%s mtge 105'% 106 A-O M-N 1954 City) (Bait 105'% J-J 1981 1962 Gas 82% (Bait) — P ser 83 mtge 4s ser B & Fuel 3%s Gas 99% 100 55 68 '% 25 36 Va 98% 2 106 Oct .1956 M-S .1961 M-S * Jan .1948 J-D *63 Oct .1950 J-J 103 7% July .1963 J-D 19 Apr Apr 11 l'A % 99 16 22% 200 111 Jan 1966 5s JLJ111! 11 <J* 12% May 103 Va 7 U06% 107% — 119 100% 23 » 24 Finland 6% % Corp— Oct 6'% 101 100 103% 104 22% 12 J-J 115 101 99 Q-F J-D .1948 . 111% 105% 106'A Nov 100 J-D 119% High 102% 105 8 105% 19 700 J-J -1970 6s *118'/: Jtf-N 101 % Low 100% 105% 103% Feb 16 % J-J No. • -- 105 J-J .1953 .1955 5%s A tlOOa'j Range Since January 1 Sold Af-Q Nov 15% J- J J-D High Bonds A-O Feb May Friday's 1969 20% 14% or Bid & Asked 1958 48% 16% Week's Range 5s Jan .5 Last Sale Price 5s Feb 29 % 8% * Mar 37% July Sep 27 Debenture 33 Stocks 32 Jan Debenture 11'A May Tobacco Security Trust Co Ltd— Nov Jun 18 28% .1970 redeemed) Service 1,000 6'% 26 180 Period redeemed) (10% A5%s Cities 4,300 1 225 Interest 2%s States (10% 15% 15% 35% 23 Nov 160 13 % Exchange C Bethlehem Boston 48 % __ 34% 23 17% 18"% Jan May May 11% * 4%s deb Tel & series 15 1 105 5s City Electric 3%s Telephone of Canada— 5s 47 Construction.. 8% 210 £1 Atlantic 15% 1 Tishman 3,000 Feb zo 35% -I960 Electric Tel Assoc 47% common 18% 160 111 1 Appalachian Power deb 6s S common Corporation Roofing Inc Tobacco 31% 13% 119% 120 17% 150 50 2 Amer Writing Paper 6s Appalachian Elec Power 3%s _50c Shovel Tivoli 31 14% 2 Textron Inc Tnew 31 Ilioo pfd Texon Oil & Land Co Feb 112% Low Delaware 1 • * _ 112 9% Oct 113% Mar 13% BONDS Gen common Feb 2% 100 deposit receipts preference Hargreaves Ltd Consolidated Taggart Corp common Tampa Electric Co common 17% 155 * 2%s conv debs Technicolor Inc 8% 6% May Ltd— (F W) New Bell * * common 3% May 1% May 200 Feb 130 May Co -1 300 9 Friday 32 'A Mar 1% 112 1 Petroleum 21% July 13% Feb 110 Feb 4% July 17% Mar • Feb Feb 12% Feb 11% 23% 3'% 2 5% 27 Nov May 11% Sep 25 4%% Industries Nov Nov 6 Jan Nov 9% 21% 3 >4 1 Sterling Aluminum Products Sterling Brewers Inc Sterling Engine Co Sterling Inc Corp Sun Ray Drug Nov 9% 1 Corp & L 1% 13 4,100 Jan 21% • & 2% 20 Co of Canada 6tein Oct 1,100 Jan Jan 1% 36 10 Products (The) 9 200 1 Standard Tube class B Starrett 200 May 4% May Wright 1 (Ky) Standard-Thomson - 6% Feb 2 3% 13% Feb 113% Apr Apr 1 Inc common American Nov 8% 10 Preferred Standard Jun 8% Mar 16% 5 Standard Power & Light Common class B i. 3% Aug Jan 5 * preferred Dredging Corp common $1.60 convertible preferred Standard Forgings Corp Standard 46 Sep 1% Jun 8% May 110 * 5 Vo preferred w w Winnipeg Elec common P 10 8% 10 Co & Products 25 Convertible Corp Bi others 25 Standard C) 1 1 Co & Oil Wilson 39 1 High 150 10 May May 25 Brewing Co Standard Cap & Seal common 20 May 4.32% Standard Coal 3 % 4.48% •100 5 Inc (Wm) 5% 10 * Maryland Ry 7% 1st pfd—100 Western Tablet & Stationery com—*' Wisconsin Southland Royalty Co Spencer Shoe Corp Stahl-Meyer Inc $6 5 7 200 6% 1.25 preferred Coal & Coke River 1% 9% 1 27 Southern California Edison— original preferred conv preference cum preferred Southe'rn Pipe Line Corp 27 1 common 10 312 Texas 1% 9% 111% 111% 3% Manufacturing 100 Paper Mills Manufacturing warrants 17 £ 1 Solar Aircraft Co South Coast Baking Co 1 257% 254 Low 30 Co 39% &'% 100 Solar Manufacturing Co Bonotone Corp Boss Ward 1 3% 1 Sioux City Gas & Elec Co— 3.90% preferred South Penn Oil Inc $2 cum pfd Waltham Watch Warner dep rets old regis (Howard) Bond & Sep May Publications— Simplicity Pattern common Singer Manufacturing Co Singer Manufacturing Co Ltd— Smith Waitt trust ctfs ext_* 100 36% 10 Range Since January High * Nov Oct Ainer Co Waco 15% 11% H Aircraft Jan 9% May 67% Oct 22 % • Shares Feb 24 • preferred for Week 14% Mar Jun 2% May Nov * convertible Sales Range of Prices Low 17% Bick's Breweries Ltd Bilex Co common $3 Week's Last Sale Price Exchange Curb High Sherwin-Williams of Canada Bimmons-Boardman York New Range Since January 1 Low Shattuck Denn Mining Sherwin-Williams Friday High Bhawinigan Water & Power '>X STOCKS— for Week • Sheller Mfg Co EXCHANGE VftVI-WRBn Sales Range Low Monday, December 1, 1947 FOR RANGE Friday CURB YORK NEW STOCKS— CHRONICLE COMMERCIAL & FINANCIAL 49 Jun 63% Jan 8 July 12% « Residential 124 120 *118% Mtge Bank- Jan Guantanamo & Western .1958 6s_. 70 — *102 84 55 65 15 103 103'% 103 105% 2.. 103 106 '/a 56% 62 *57 J-J 63 68 Amer dep rets ord regis Amer dep rets def reg Todd Shipyards Corp Toledo Edison 4%rl - Trunz Inc 1 Ve 1 1 1% 8 200 1 Oct 70 79 May 100% 275 99% 1% l'A 1,500 1 '/a 4 1,600 2'A 1,800 93% —100 100 1 4 —1 warrants 96 2% * . _ __ 4 ♦ pfd-- Lux Corp Tri-Continental __ ♦ Tonopah Mining of Nevada Trans —- . __ „ Tung-Sol Lamp mil Works 7% 7% 7 Va 9% 9'% 97 2,000 2% 105 ■1949 102% July Oct May 3% May 1% 4% Mar 1% May 3% Feb Oct 12 % 4% May 87/a Oct Jan 32% 7% Jun 104% 103% 107% A-O *104 104% 103% 104% 102 102} J 104 103 105% 104% 108% .1950 ref & Power International % series C s A6%s (Dec 1 M-N 104% J-D *25 30 F-A 28 28 1941 convertible * preferred 8 500 series E ..1957 cpripQ P ..1952 Gas Union of 10c Canada Oil Co of Corp United Feb Sep 11% Feb 500 7% May 5% May 9% Jan 7 Apr Kansas 104% Jun Midland 7 1 2 7% 6 '/ 8 200 * 91% 3% 93 75 91% Nov 61% 40 56 Jun 3% 1,800 3Va * % "% % 17,400 10 16% 16% 17% 1,200 7 19% Warrants * United Corp common Light & Railways United Milk Products common Preferred * 27'% 27% 27 % 50 Profit 10 % RR & 100 U Foil Co S class Graphite B— -------- common . Stores Universal Universal common Products Utah Power common Sugar & M-S 103 103% 102% 104% M -N 107 107 105% 107% 3-D 101% 101% 101% A-O 105 % 105 % 1971 1964 A-O 27% Feb Apr 28 Apr 28 Feb Venezuelan Venezuela Vogt 7% Apr Oct 293% Feb 1% May 3% Feb 1st mtge 3s Park Lexington 1st mtge 3s . 6% 104 105% 109 103 102'% 107 77 92 *90% J-J 3-D 92 J-J $104 ; . — 104% 107 107% • * 108 109 *105% 10 Jan 71% Apr 49% July 14% Feb 23% Jan Safe Harbor Water Power Corp 3s_1981 Southern California 20% Nov Southern California Gas 41% 10 40% Nov San 600 2,800 11 .5 18'% 18% 18 % 150 15 May May 2% 2% 600 2 May 3% Feb 275 82 Jan 89% Apr 10'A May 2% Oct 18% Feb Southwestern Gas 3% Oct Spalding (A G) 5s • AStarrett Corp inc 5s 83 84 16 Va 16 16% 2,500 2% 400 2 % 36 2%. 36% 500 ,300. 10 x26% x27% 1C 200 8% May Edison ' 33. *100 M-N 108'% 108 % ' 116% 116% 108'% 116 % 121% 97 1 % '100% 3%s M-S A-O 100 100% 2 M-S 101% 102% 67 101% 1970 3s A-O 105% 106% 18 105% WfUKilS** 107% ■ 2% Jun 26 Va Apr 44 Nov 19 Va July 23 May 23 Southern Counties Gas 1st mtge (Calif) — :' $98 100 100' 1970 F-A- 105 105 105- 1989 M-N 102 102 101 1950 A-O *112 116 1966 A-O —1971 3s & Elec 3'As J-J Jan 3% Feb 5s collateral trust 3% 3% 1,100 3 May X21% 22% 1,200 21 May 200 8 20 94 May 105% • 108 )H »104%; ,89% Ml *15 68 71% $68% ' • . 75 lliW-f l .0 • 32% Mar r> Stinnes 4% Jan 23% Nov (Hugo) Corp— A7-4s 3rd stamped-, Stinnes (Hugo) Industries— A7-4s 2nd stamped 1946 J-J 1946 12% Feb Wash income 27 A-O *25 31 J-D 103% 103% 1954 M-S May 126% Mar West Penn Electric 6% 2,400 5% Oct 7% May West Penn Traction 800 2% Feb 4 July Western Sep 14 Feb s f 27 ; ■» 47 "" •• 3%s -1964 28 47% 103% 106% 2030 5s A-O 1 —1960 J-D Union— debentures 1959 F-A 5s 78% - 78% 63% 82 108 % 108 % J-D 106;V 107% 110 106% 107 105 y4 108 120% 120% 115% 122 11 Newspaper conv , Hotel— 3% «s 27 1949 debs—i Water Power 11 % page 170 106 1965 Scullin Steel inc mtge 3s 6% j 146 104% 1952 1951 Joaquin Lt & Pwr 6s B 10% 83 *104 A-O ■ 14% 10 147% 105 13% Mar Sep 1952 10 2% 147 M-N perpetual certificates 5%s series A 3% Petroleum Syndicate Inc see *100 Queens Borough Gas & Electric— 60 105% 105 % preferred- footnotes 101 % 106 .• Pennsylvania Water & Power 3%s_1964 3%s .' 1970 100 61% 10% xl0% Manufacturing For 65 Nov 24 x21% common common convertible 104 53 60 1968 a5s $4 102 59% 2004 Waldorf-Astoria Valspar Corp 102% 102% F-A N Y & Westchester Ltg 4s 3% Light 111 A-O United Electric Co of N J 4s Utah-Idaho 107% Ohio Power 1st mtge 3%s Oct 13% 50c Co 107% 107% Jan 18% 42% 105 45% Mar Apr 19% May 94 104% -- 1967 1961 4%s England Power 3%s 10% 1 Consolidated Oil—— Insurance— T~ Universal New 13% .1 U S Rubber Reclaiming Co— United J-J 1,975 12 60 % ' Radiator *104% 102% 1956 Milwaukee Gas & Light Aug 1 * S 3-D 800 41% 60% • U 21 1963 to 1 , common 65 21 2 12 5 15 United Specialties common.S 1% 10 common.. Preferred U 70 21 May 248 25c Machinery 98% 69 % J-J % May 14% 7% Mar Canal Sharing preferred United Shoe 99% 100 J-J RR— 4% Extended at J-J Public Service of New Jersey— regis NJ 40 Valley Apr Jan 16% 10,100 United Molasses Co Ltd— Amer dep rets ord United 7% Mar 29 * United 2% May 26 "" 62 42 1969 Light 3%s McCord Corp deb 4%s 91% 61% 50c common Power & 42 27 1966 ; 6* 42 28 1963 Altalian Superpower 6s Kansas Electric Power 3%s 6 % 100 Gas '* 3% 6 * Elastic^ADorp United 2% Aug 400 Calif— Chemicals United 300 7% Debenture 41 28% 34% *25 J-J 1952 2% 7% • $3.75 pfd series A Union Stock Yards of Omaha United Aircraft Products com United 7% 43 42 28 1952 1957 2 % 5 Investment Co Union (July 1941 coupon) Interstate Power 5s Realization Corp Unexcelled Chemicals Corp Union 29 % 30 .1957 A7s Ulen 104'% 1955 c A 7s A 7q 80c |.V Sec- Feb A 6 10211 103'A 103% .1955 5s. F-A .1970 lien 1st J-J .1963 Jan 27 *104 1949 Jan Nov A-O $101% 104 101% 105% Volume 166 THE Number 4651 COMMERCIAL NEW & FINANCIAL YORK RANGE FOR CURB WEEK ENDING CHRONICLE (2237) EXCHANGE 28 NOVEMBER Week's Range Friday Interest York New Curb Exchange Last Period BONDS Foreign Governments & Municipalities Sale Price or Low BONDS York Curb Friday Interest Exchange Last Week's Range or Friday's Period New Sale Price Bid & Asked Low Agricultural Mortgage A 20-year £20-year de Rio Bonds Sold High Range Since January 1 Low No. ARussian April 1946 7s Jan 1947 A- O 67 % 07 % (see Mortgage Bank Valley 7s ACauca Danish Cons Municipal 41 40 41 */4 85% 85% 5%s 1955 M-N External 5s 1953 F- A Waterways— 6%s stamped 1952 (Peru) 6Vis stamped-1958 M-S Danzig Port A External stamped AMedellin (Plan reduced Interest 7s 81 3% 3% 3% 29 2 6 3 % 3% 3% 11 2 6 Under-the-rule delivery 21 sale, d Ex-mierest. eOdd-101 sale, r Cash sale x Ex-dividend flat. in receivership. used above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬ tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates; "wi," when issued; "ww." with warrants; "iw," without warrants. 18% 28 34 30 47 Slock and Bond Averages are the daily closing averages ol representative siucks mid doiiub the New York Stock Exchange as compiled by Dow; Jones & Co. Below A) 2008 2%s stamped A7s Bank (issue M-N $27 J-D :t39 43 listed on -fitocka- A7s (issue 30 20 Indus- Rail- of Bogota— of May of 1947 1927) $46 M-N 1947 1927) Oct. t Ex-distribution. sale y Ex-rlghts. sales being transacted during current week. no being traded 29 11 prices; 94 11 asked -Bonds- 10 Mortgage 32 3-D 96 88% 20 1951 to High 24% Abbreviations 85% 11 126 J-J Deferred 45 85 J-J J-J 1919 a and bid & ALima City Maranhao 6%s n ^Friday's g Loan— External 2012 value, par 70'/a 22 20 Low A) Ex-stock dividend, 78 65'/a ^Reported J-D January 1 No. High of) 1948 Range Since Sold High 1921 ABonds Bogota (Plan 2% Government 66% UIV2 J-J to A5Vis •No 7s stamped reduced Interest (Col) — Bank Janeiro Bonds Friday's Bid & Asked A-0 46% 46 27 40 40 52 53 AMortgage Bank of Chile 6s 1931 J-D J18 % Mortgage Banx of Denmark 5s 1972 J-D t82 18 25% 81% 98% Total uni¬ trials roads 182.33 22 48.66 33.95 10 First 10 10 Second Total Indus¬ 65 ties Date— Nov. 10 Stocks 64.39 Grade Grade Utili¬ trials Rails Ralls ties 100.66 103.65 87.31 103.71 40 Blurts 102.99 9P.65 98.57 Parana Nov. reduced to 2008 2%s J 28 M-S 30 RANGE Baltimore Stock 100.41 103.81 86.79 102.51 98.38 63.63 100.35 103.70 88.81 102.45 98.33 102.53 98.24 * Co of Prices Shares Fidelity & Guar Insur Corp WEEK Low High Low 3% 332 18 % 17 18% 449 17 28 179.51 40 % 40 % 2 40 Jan 3.35 10 6.75% U prior preferred S 62% 105 100 Amsterdam Casualty Fidelity & Guaranty New 72 14% 3.35 46 37 37 105 27 Par Nov 25% Feb Admiral Nov 9% Jan Advanced 44% Jan Aetna Ball Bearing common 40 % Jan Allied Laboratories common 100 5 27 45 2 50 139 72 46 % 105 Jan 72 5s Transit Corp Co 1 5 common Aluminum Tel Castings Tel & Aug 24% May 39% May 105 Nov 29 Jan .46% Jan Armour & Co Co 1975 75 76 $5,000 71 July 90% Feb —1975 85 85 6.000 83 Aug 98 Exchange Week's Friday Range Avco 1 % 13% 13% 1 2 Shares Low 100 Tel 100 Rights Mfg Co 153% LOW 19 43 Vb 152 % 153% 1% 1% 3,409 1.7« 79,419 49% High l,3fi 44% 1747/8 * 996 26% 50 36 36% 188 31 0 19 19 100 14% May xll5 119 100 & Albany RR 100 Boston Edison 43% 115 43 Jan Feb 51 Oct 42 Vb Mar May xll5 Oct 19% Nov 135 Jan 25 40% 40% 41% 1,275 39% May 50 y2 lOu 19% 19 % 19% 594 18% Sep 20 Vb Sep Boston Herald Traveler Corp • 27% CM 28' 105 25 y2 Sep 37j/2 Jan Boston & Maine 7% Personal 100 Prop Trust__ Service Eastern Gas 4%% • 31 31% 121 20 % May i6y2 16 y2 230 12 x36% 16% 10 31 39% 268 23% Mass Street 100 89 89 50 82 Jun 100 92 92 15 85 Sep preferred 100 25 26 108 20 Aug First adjustment Lines Inc common Group Assoc Gillette Kennecott Lone Razor 700 26% 55 x59% 61 VB 200 42.48 42.48 34% 34% 36 * Co 28% 28% 29% 7 % 1 Copper x47 • Boston Theatres,..- Star 21% 26% 1 Hathaway Bakeries Loew's 20% • Electric Safety 21% • Capital Corp General " * Stores National General Oct 97 Jan Ry— preferred B SS Cement 25 • 15 67% 15 18 124% 47 Jan Jan Jan 24% Mar 25 Apr 30 % 51% May 39.50 Apr 62% 44.50 Oct Oct Sep 31% May 40 452 23% May 32 Vb Mar 7% 150 278 15 20 69 7% Feb & Sep 10'A Feb 51% 17 Feb May Cent S & Util W Central States Cherry Pr Burrell 50c common & pfd Lt Corp 5 1 Chicago Corp common Convertible preferred Milw St. Chicago • P Pac vtc * • Chicago & South Air Lines Chicago Co Towel * 2% common Chrysler Corp common (new) Cities Service Co common (The) Inc Co Commonwealth 10 Edison Credit Domestic class Corp A 12% 12% 30 Nash-Kelvinator 5 16% 16% 18 44c 44c 11% 13 % 4,605 11% Nov 89 y2 90% 1,036 88 Vb Nov 38% 38% 10 16% 1,514 Cos 1 Electric System New 1 England Tel & Tel 20 100 11% 89 • Pennsylvania RR 50 16 .25 Quincy Mining Co 4 200 Machine 4 4 450 14 39 2% 10 2.50 16 14 * . Rexall Drug, Inc Simons Fitz Dock Flour Co Dredge Connell & Association 6% 2% 6% 7 * common Four-Wheel Drive 6 7o S ,i Shoe Machinery preferred Xl3% 14 * -■ Feb Goldblatt Bros 19% Feb Gossard 67c Feb Great 13% May 26 Vb May 16 Nov 2% May 12 Mar 1% Feb 6% Nov 14% 315 14 50 13 y2 121 39% Jan 26% Co (G) Spencer Feb Hibb Feb 56% 61% 41 10 43% 43% 1,854 350 . 3% Aug 11% Feb 15% Mar 95 Warren System Inc (S D) Co Weetinghouse Electric Corp For footnotes see page 42. • May Illinois 71 y2 48 100 40% Jun 60% 12% 28% 15% 30 15'A 500 28 28% 276 300 500 40 Mar 61 Nov 48% 300 35 Jun 48% Nov Apr 21 Feb 237/e Feb Nov 20 Jan May 42 Jan 50 _. 19 19 12 12 12 % 400 16% 11% May __ __ 9% __ 8% 63 7% 5% 6% 6% 750 32% 32 % 50 1% 1% 50 1 % May xll% __ 11% 100 xll% Nov 15% Mar 10% July 6% 30 9% 938 1,800 8% May 8% 8% 80 7 % Mar 24% 8% 24% 300 19% May 9% 1.400 63 63 7% 5% x70% 400 6% May Jun 60% GOO 7 % May 450 5 Aug 210 7% 5% 68 May 2% 81/2 Aug 26 9% _. Oct Oct 65 % Mar 13% Feb 9% Feb 85 62 __ Feb 74 62 400 56% Sep 66% 39% 39% 100 23% Jan 40% 750 22% Mar 39 Feb Oct Oct Nov Nov 33% Sep Jun 13% Feb 3% 600 3% xlOl — 3% xlOl 12 2% May 113 65 81 May 12 100 12 Nov 4% 113 14% Oct Nov Sep __ __ 10% 10 10 100 8% J?,n, 12% Mar 16% 1S% 200 13% 10% 100 Feb May 19 % July 9 Vb 53% 20% 100 50% 200 17% 10% 53% 53% __ 20 __ 7 57% 9 200 7 500 11% Feb Jan 55 Aug Jun 20% Nov 6% May 52 Jan 9% 65 Jan Feb 57% 8% 58% 9% 1,550 29% 29% 10 % 10% Jun 19% 16% 19% 50 16% May 22 Oct 16% 500 16% May 20 Jan . Apr 9% 200 23% May 31% Feb 150 10 16 Feb 6% Nov 13% Apr 13% July 22% May ... 10% ._ 16% 11% 11% 250 9 Vb May 12% 1 28% 27 28% 550 19% May 28 V2 Nov 3 Co common 10% 10% 10% 100 10% 15 Mar 62 63 210 21% 21% 1 __ 56 Sep Apr 70 Oct Brick Bartlett Co 25 common * capital 10 .100 62 __ ._ 25 20 20 Jun x24 Feb 17 y2 Jan Jan 11% 12% 400 11% May 25 25% 300 18% May 29% Feb 21 % 850 19 May 25 Feb 200 22 Nov 23 V2 Oct 8 Nov 18 Jan Indianapolis Pow & Lt common * 22 22 22% 23% Indiana Steel Products Common 1 8 8 8% 750 3% 3% 200 3 Oct 8% Feb * 6 6 7% 130 6 Nov 24% Jan Pneumatic Tool com • __ Feb Warrants Jim Sep Nov 15 % 13% Feb 11% 60 46 9% • common Power $6 preferred. Katz 60 40% 15'A 15% * 9% May 11 56 25 % • Illinois Central RR common 42% Aug 59% July 11 ' .. 60 48% 300 * Border's Inc common Nov 78 60 Vb Feb Nov Mar 32% May 44% Jan 40% Feb 17% Apr 3.100 • (new) 4% 16 25 25 14% 11% May 10% 1 Brewing Co capital Corp 14% 17 Vb 25 55 Vb 12% Sep 200 26 % 10 common common Hammond Instrument Werner May 78 55% 300 1 common H) Lakes Dr & Dk Hein 12 38% Inc (W Co Oct Aug 10% May 78 25 14 14 Nov 26c 230' 150 13% 14 19 5 com Corp common Refrigerator 21 Nov 14 Vb May 1,025 14% 20 14 10% Apr May Brown Stores Inc common Drug Co common Kellogg Switchboard common 1 1 • — __ 8% t6% xl4 8% 6% 16 100 t6% Nov t6% Nov 350 11 Vb May 16 Nov 6% May 10 8% 650 6% 20 500 5 Vb May Feb Feb La Salle Ext Univ common Waldorf Feb 23% Aug 14 .. 5 Transp Finance 12 38% ___• Rubber u 7% 4% May 18% 25 % 10 Candy class A 43% May * common Feb ._ 5 Inc Auto General Interstate United 5% Oct * Co Sep Aug 25% * General 62 * United Fruit Co U 14% • & Webster Inc preferred 13% 3% & common Mills of America Independent ' Nov 39 1 Eversharp Inc Heileman Pacific ( Mills $4 2nd 15% Oct 3% Feb 7 35% * Gillette Safety Razor common ! ' 9% May 1% May 36% 1 General Motors Corp common 12% Tori'ington 1,600 10 Gibson l Securities 1,100 25 common Dodge Mfg Corp common Feb Narfagfmsett Racing Assn Elec 8 2% 137 5 Nov 10 Suburban 2(| Oct 650 __ common 78 Vb 60 Stone .. • 35'A 207 Feb 174% Nov 1% 400 1 preferred 24% May 60 - Shawmut 2 5 10 common R8% May * Reece Folding Jun 5 common—1 common Corp 5 Mergenthaler Linotype Corp Jan 5 1U 145 341/8 Reece Nov 17 150 21,400 1,200 5 Biscuit Secur Convertible Jan 14 34 % England 27 950 1.100 1% 4% 12% (AM) Co 111 Central General American 41% May * New 11% 27 7% • Eddy Paper Corp (The) 1,364 49% 67% • 20'A Mathieson Alkali Works National Service Nov 153 % 4 10 common Carr-Consolidated Coleman 5% Employers Feb Jan 40 y2 Jan 6% Eastern 39% 18 V2 May & Fuel Associates— prior preferred Eastern Jan RR— prior preferred Boston Cities .1* L) (E Jan stamped Ry Feb 11% 9% 7 1 1 Corp capital (E J) & Sons Co 2/5 Oct Nov Copper Inc W) (George Castle 34% May 149% Jun Woolen Elevated 7% Jan 3% 4% 10 common Burton-Dixie Corp Anaconda Boston Feb Sep 100 3 common Butler Bros common American Boston 10% 6Va May 600 8 4 Range Since January 1 High 43 VB High LOW 300 100 4 Corp Mfg Borg for Week of Prices Par Sugar Refining Son 26% 153 Range 8Ince January 1 High 3 Washer Brach Sales Last & 4 5 Co common Athey Products Corp capital Bruce Sale Price stocks— Bird 7% 11 % 27 153 Sales Shares Feb 4s Boston Stock & _. » Berghoff Brewing Corp Manufacturing Co capital Tel 7% • Binks American Low 100 capital common Asbestos Mfg Belden American 86.55 for Week of Prices 11*6 Automatic A series 103.49 Nov BONDS— Baltimore 100.38 Week's Range Sale Price STOCKS— Rights wi 20 03.05 28 NOVEMBER 1 Vernon-Woodberry Mills- Common 52.88 EXCHANGES ENDING American Mount Holiday 47.29 High Nov 415 100.62 Holiday 27 Last Range Since January 15 15 64.05 Chicago Stock Exchange 15 * 100 vtc FOR 33.64 for Week Par Arundel Corporation preferred 63.90 33.13 Friday Range Sale Price stocks— Transit 102.91 33.41 47.95 Sales Last 1st 87.06 48.25 180.94 Exchange Week's Friday 5% 48.09 181.35 26 Nov. 37 25 OTHER STOCK Baltimore 181.98 25 Nov. stamped (Plan A) Interest 24 Nov. Nov. 88 5 17% Jan Leath & Co * 18 Apr Libby McNeill & Libby common Lindsay Lt & Chem common 30y4 July common 7 —* 6% — — — 6% 20 9% 45 9% 46 100 100 200 3 7 Jun 8 May 20% Jan 7% 29 Jan Feb 11 Apr 47% Nov 33 34 (2238) THE COMMERCIAL & FINANCIAL CHRONICLE Monday, December 1, 1947" OTHER STOCK EXCHANGES RANGE Last Range Low NOVEMBER 28 Cleveland Stock Exchange for Week Shares of Prices Par ENDING Sales Week'a Friday Sale Price STOCKS— WEEK FOR Range Since January l Low High Friday High Week's ■ ., Sales Last Marshall Field & Co Mickelberry's Food Middle West 25 25 26 800 22% May 341/2 15 15 15 100 15 14% common. 14 Ve 15 V* 30* Jan 24% Feb Prod Corp capital 2,100 May 13% July Feb Co Standard National 111 Corp 50 55 37 v —20 30 9% 21% Bancoip* . ". 200 37%- 30 37 —18 common- common common———* Northwest Util prior lien pfd 100> 7% preferred— 100 Nunn Bush Shoe common.. —2 % Northwest 400 4% 53 53 common^—. Car American Northern 9% 4% common.. Montgomery Ward & Co; North 9% 9% Hart Inc common, vtc. Chemical Monroe 21% 250 50 300 9% 350 22 8% May 13 % Mar Nov 8% 491/e May 64% Feb 34%>,Aug 25 >4 Apr 8% Apr 2L Apr City Oct Cleveland $4.50 28% Feb Cleveland Feb 170 30 150 May- 190; 40 148 Jan 180 Feb 30 17 Nov 23 Jan 17' Parker common Co common (The) common. Pen . Co 10% Feb 19 19 20 19 Sep 20 28 100 28 Nov 50 Feb m 105 700 8%, 6% 650 6%t 105 7% Apr 5%, Apr- 91/4 Jan 110 10 93 Apr 21 Jun 16% Nov Jan 24% 16 Va 50 -==PennsyIvania RR capitalK Potter Co (The) common.— 6 26% 21 % 300 16 Va 16% 1,300 Feb 6 150 91 110 85 May 94% Feb 30% 31% 170 28' May 32 Feb 28% .10 — "1 29 300 221/4 29% Oct 18 % Oct 15% 37% -- * — — 15% Electric Chemicla .5 4% May Jun 200 12 500 15% 38 30% May 34% 33 500 6 May 401/2 July x24% Mar 35 28 Oct 14% 14% 50 10 Mar 151/4 15% 300 14 May 16% July 28 28% 200 10% 10% * 30 30 % 70 19 19% 39% 39% '20 25 —— 39% 9% Sundstrand Mach Co & Tool 5 common. 25 capital stock Co Ltd Ctf of dep^. Swift International Thor Corp 5 2 ..... Co. Trane —— 22% 25 (The) Co Texas 25% (The) common 208 So La Salle St Corp * IT 8 Steel common. •' . 500 231/2 May 8% May Apr Feb 34% 171/4 Feb Feb 30 38 100 17% Mar 21 Aug 700 37% May 44 July Bankshares Wisconsin Indust Woodftll • common 5- capital Motors Stocks— U nils ted 1 & St San com American, Rolling; Mill: Aruumndn* Copper Mining Certain-teed * 50 Products 10% Glidden Co Drug Stores Great Lakes York North Halle Bros Pure 36% 79 a25% a25% a44% a44% 17% Oil Co Co Interlake Steamship Machine : & Laughlin Steel (Un) Jaeger Jones Island Lime & Trans Kelley Portland 51 36% 1,950 20 47 Nov 76 76 200 62 May 28% 28% 100 23% Apr 30. 17 17 100 16 Jun 23% National Tile & Mfg— Y N Central of Oil 11% 950 11 Jun 13% N 14 14% 100 11 16% Co 13% 100 — 100 300 533/4 Sep 59% 14 May 233/4 Pennsylvania RR & 23 Feb 30 Aug 54% Jan* 108% Sep 51 3% __ — 15 VB 3%. 15% May 363/4 a35 — May 9% May- 600 500 2% May May 12 35% 36%. — — 8%, 700 — Map 31% May 97% Nov >• _ * 1 • J 15 .25 — _ _ 1 _ __ S 8 60' 2% 20 P 160 50 TeleDhone Stock Yard 41% Feb 42 16% Feb Jan Feb 2% 2% Jun 4% Jan 26 12 May 22% Feb 26% 25 24 % May 30% Feb al6% al6% 207 Nov 26% Feb a22% a22% 5 14% May 24% 26 % 16% Sep 30% Feb a27 45 46 545 44 Oct 54% 28 28 377 23% Jan 31% Aug a27 V\ 102 22% May Feb * a51%.a51%, • (Uni a75% a76% 2% 20 38 May 59% 18 61% May -79*% 250 2% July 3% Jan 21% Feb 2% al&'A al8% 70 15 May Jan Feb Members New York Stock Stock New Exchange York Curb Associate Chicago Stock Exchanger Exchange DETROIT Ford: Building Telephone: Randolph 6530 I Mar 100% Nov May 20% Jan 12% May 12% Feb Jun 6 %, Feb 5 % May 83/4 Nov 39% Feb 35% 400 32, May 5% 5% 5% 500 3 May 5 5 500 17% 18 200 12%. 13% 19 Oct Detroit Stock Friday 12% — 4% Last Oct 8 STOCKS— 6% Feb 19% Feb Aeronautical 700 14% May 12% May 22% Feb. Allen. 19 100 19 33% Jan American 5 1,800 Sale Price Apr * Par Nov Products Exchange Week's Range of Prices Low Metal Products Feb Baldwin 800 9 Nov 14% Feb Brown-McLaren 100 22 Nov 31 Jan Burroughs 25 Va 25% 400 25 Jan 33% July Consolidated 24% 24 V* 100 21% May 28 3/4 July Continental 9% 10% 1,300 107/8 Feb Davidson 10% 10% 300 7% May 10% Sep 15% Feb 27% -- 9% 10% — 27% 100 23 30% Feb Detroit & Cleveland Navigation.. Detroit Edison common Sep May 7% 16% ___ 16% 16% 75% 75% 1,500 100 Rubber 19% 17 20 200 64 9% 9% 2% 15 10 23/4 15 15 500 500 100 Week's 2 Aug 3% 3 3 3% 600 3 Nov 5%- Feb 24 24 1 Machine Low — Paper 10 1 Bros 1 5 20 Gasket 1 Detroit Gray Iron 17 Feb Detroit-Michigan Feb Detroit May 7% Jan 2% May 10% May 12% — 16 % 161/2 7 23% __ 23% 24'/2 1,200 86 86 9 4%. Jan Oct —sw Steel Stove Corp 1 1 common Mogul Federal Motor Truck 5 common Frankenmuth 0 common Brewing common... Ale Range Since January 1 Wood High Feb Industries Manufacturing Hall. Lamp class B 16 May 20 Mar Hoskins 23% Nov 29% Feb Hudson 75 May 88 Gibson Art 235 7 Aug 14% Feb 19 71 JUn 99% Jan 12i/2 12 % 270 12 9% 50 — 25 62 62 25 63 51 51 16 Kahn * * * — 15%, 47% 48% • — 27 27 A — 15%. & • — • G 5%, 69% 5% 7% Apr 14% Mar Kinsel Sep 14 Feb Kresge 120 24 Jan 32% Feb 68% *3 Jun 69 Jan Ma<hon Co. - 40 Jan 54 141/2 Jan 20% Apr 40% May 52% Oct 10 75 23% 5% 10 69% 327 4% July 56% May For footnotes see page 26% 26% 17 * 6% 6% 250 — 50%. 104= '— 50 . Feb 1% 100 1% July 2% Jan 14% "105 12% May 16% Oct 21% 21 % 114 19 23 Nov 8% 8'A 110 7% 7% 600 11 % 10 250 - May 6% May 6% Apr 12% Feb 8 Jan 6% Jan 5% 5% 200 3% Oct 21'/a 22% 6,171 21% Nov 27% Mar 11% 100 9% Jun 11% Oct 2% 2% 200 2 % May 3% Feb 3 12 12 100 10% May - 13% July 25% 25% 360 17% Jan 26% Oct 3% 2,100 2% Sep 4% Feb 3 18 11% 58 18 11% 11% 200 9% May 14% Feb 4% 4% 430 4 Jun 5% Jan 1'% 1% 1,800 1 Nov 2% Feb 7% 1,055 5 July 9% Feb 19% __ 18 7 4% 19% 155 12 May, 19% Nov 58' 58 284 52% Jan 65% Aug 270 18 Nov 23 July 8% 8% 9% 1,785 6 9% Sep 6 6 6% 1,025 5(4 May 6% Feb 5% 5% 5% 410 3 7% NOV, 10 2% com * ,___• 1 common —„__1 9% Wines 10 __ __ 18% 14% __ 4% __ __ 2 common class A Products 29 1 common.— 1 (R C) McAleer Apr 28 6% 71 Nov Mfg McClanahan 9% 9% Jan Jun 150 9% Nov 10 29 29 207 22% Jun 15% 15% 100 14% Sep 29% Nov 21 ' Feb 13% Apr 18 % Oct 13% May 21% Oct Oct pfd * 1 com 3% 34, __ 17% 17% 100 18% 19% 1,220 14% 15% 1,520 15%, 16 4% 2 * 37 3% 34 265 4% * 200 2 500 37 341 3% 100 34% 106 1% 1% 250 5% 5% 100 1% 1% 8,801 15% 15% 505 5% Apr 18 Oct 13% May 4% Jun 16 NOV 1% May 35 Jan 2% May 34 1% Nov Sep. 5% 26 May 3%; Jan 49% Sep 26% Oct Nov 6%, Nov. 52!/8 1 common Oil common Corp common National Motor 10 Stamping, Packard __ 1%, l — 2 — 2% „ 2%. 100 5% Nov 75c May 10 May 2% Oct 4% Sep Feb 2% Feb. 40 Feb Rickel Car Metal (H. W) River Raisin Paper Ryerson Haynes \ j Products common 6% Feb 35% NOV 2% Jan,;] 6 % Aug 1%, Oct, 15% Nov 3 % Apr — • 4%, 4% 5 1 5 5 5% 1,525 3 % May 6 Nov 2 3%, 3%.-, 3% 495 3%. Nov 4% Jan. — 9% 9%, 250 7% 9% Oct __ 6%, 6% 100 5%, Sep. 5 540 Jan * Oct Feb 42; 12% 1% 14%. Nov 149 178 — 50 preferred __ 25% 5 Bearing (SS) Screw Peninsular : 2% < Oct 1 Drug LaSalle 75 —* Randall class A May Oct 1 common Car—:— Motor Murray. Lunkenheimer 25% 1 Manufacturing King-Seeley Kingston Products Masco Kroger Jan Jan 9 * * Formica _. * 10 common new Ball 37% 78 9% 11% 15% 220 11% — 21 Va 1 Motors Hoover 29% May 81/4 — __ 1" 1 Gerity-Michigan Corp Goebel Brewing Graham-Paige 77% — __ 1 Federal General 8 V* 78 * 21% 24 Sep 17 LOW 97 __ 1 243/4 High 33% 331/4 11% __ Motors 16 for Week Shares High 1,155 793/4 July Mar July Sales Range of Prices Low 3% 1 common Adding 11% May __ 19% 13% Mar Range Sine* Jaaaary f 3% 2 com 9% 4% Shares High 3% l* Electric 22% 9 Sales for Week 1 —- 22% 9 * Motors Printing 39 52 Jun watling, lerchen & co. .1 Kaiser-Fr&zer 2 Cinicnnatl Street S 27% May 11% Nov 34% 650 10 common Houdaille-Hershey 8.50 Cincinnati Gas common B 2 12 V* 40% Feb 24% July Feb May 34% * • 20 Baldwin Class May 11% al3%al3% 2 Youngstown Steel Door (Un)_———_* Feb 7 34% — 5% 17 12 300 Par & 19 36% • Steer-common -■ 10 Sale Price American Laundry Mach Pumps Jun 82 a35 31 48% Nov 5 Eng. (Un) 15%,July 100 Last National 270 34 40'/a Warren.Refining & Chemical July 200 8% __I — . common class May 79%, Feb 200 8% — Friday Hobart Apr 35 % Feb 4 %. 1 STOCKS— Crosley 104 Nov 54 26 35% 12 1 Cincinnati Union 50% "Oct 576 2 a * Republic Steel Gemmer Cincinnati Jan Sep Cincinnati Stock Exchange T Feb 17%. Oct. 27% 50 Richman Bros Gar & Nov 61% 55 * ; (Un).. Electric Reliance Friars O Fetor> 26% Jun Feb 21 - N 65% Nov 41% 20 July Feb 13% 11% 4% common Sunray Oil Corp United, Corp & —^ 105% 12% * - Electromaster, Inc. Wilson Jan 24 115- .... a20% a20% Jan — 2% com common Spring Corp 65 51% 400 51 1 RR (Un) Sargent Jan 11% 76 33% Steel Jan Jan 42% July 79% Oct 227 105% * 1 Thompson Products common— 47% - Socony Vacuum Oil Co Inc Studebaker July- 6% 25" 30 33% * Cement Detroit Standard 35 ?a 54-% 35 a46% a47% a * * U 22 17% 10 Radio-Keith-Orpheum Republic Steel Corp common Standard Sep v Feb 17'/a-17% • Oct 47 8% • — Car (The) Sep Oct' 44% - 30 1 Jan 35% 5 Radio Corp of America common. U 10 79, * (Un) Rayon Jan 21% 11% a Pepsi-Cola Co p a 39"% a58% a58%. 50 preferred (M, A) 4% cum preferred Industrial 26% 36% — 17% —1 Pan Amer Airways Corp Paramount Pictures Inc new C 3% NOV 85% **+ 37% 21% 8% • - Central RR capital Motor Packard 40% May NOV 15% - 26% 31 300 11% 1 Corp American 27%, 'Jun 5 .200 ' New 94 5% 100 Sep 750 300 22% _* _ Co* Nash-Kelvinator Nov a39% • Towirig common May May 26% 34% 22%. * ~ - Graham-Paige Motors* Laclede T.ight ■''': 36 34% July 5% * • (Un)— com Goodyear Tire & Rubber 16 25% 1 _ Electric - •J Nov 21%, „_1 — - Electric Motors Curtisa-Wrlght Farnsworth Television <te Radio. General 5% * Nov 34 10 — * Gas Continent"'. 1 a33% a33% a51% a51Va —15 80 Oct* f Corp Bethlehem Steel Colombia 536 (Un)——<10 common Detroit Alleghany 38% ——1 Electric Controller & American Radiator 37 * 9 58 2 common Mach Yates-Amer *' common. 850, 58 Westinghouse Elee & Mfg: common.12% Wieboldt Stores Inc 356 Navigation (Un) __5 Standard Oil of Ohio Swift 11%, July 15% 82% Fen 2 27% May 15% 81%, Feb Nov 174% Oct 15% 2 Inc 20 1,783 a32% a32% 15% • com common. General Patterson Spiegel Illumin. 19 Jun 1%. NOV 81% — 5% 11% May 149% 1 High Nov 834 100 Consolidated Natural Gas (Un) Medusa 34 790 230 1 common preferred Detroit &r Cleveland Hanna ■ 19 153 3% Feb Jun 5% 90% 1 * Quaker Oats Co common. 17% 153 * Cliffs. Iron Cleveland Graphite Bronze (Un) - Gray X21% 10 Electric Switch- class A Penn 18 100 Jan 20 8% 1 * 25 Peabody Coal Co class B, common—5 6% preferred 100 Manufacturing Ontario Mfg Fuel— & Ice Dow Oak Body—— Lota 3% aliV Jun 155 & Range Since January High 3% Rights Jan 155 17 Coach 32% 170i 17 Low: American Tel & Tel(Un)——100 15 48' Shares —50c -J^-5 Brass Mfg.—— American Feb 4'/2 for Week of Prices Par Akron Miller, & Range Sale Price STOCKS-- 7%. Feh 6% Nov Volume THE Number 4651 166 COMMERCIAL, & FINANCIAL OTHER STOCK RANGE Week's Friday Shcller Tivoli 9 9 9 1 _ 15 Low Tool & B com- 1,060 7% Jun 10 Jan 14% 15% 5,754 9% Jan 15% NOV 1 _ Die 3 VB 3 % 3 Va 300 3 Va Nov 4% 3% 3 V2 3V2 400 3 % Jun 4% Union Investment 6% Zellerbach Corp Curtlss-Wright Corp common. United S U Shirt common. 6% 6% 225 12% 12% 237 6% 6V2 100 160 __ Distributors Radiator 12 12 16 __ _ a20% b Apr 7% July Electric General Foods 16% 6 Jun 7 Mar Graham-Paige Motors Corp 10 May 14 1,860 2% 650 1% May 3 Oct Kennecott 2% 2% 2Va 900 2 2% Jan Loew's Inc Week's 11 May 18% Jan Nickel Co Range Low Par Basin Oil Ht ah Low 5 2,650 52 %C 52 %c 100 Jan 6% Apr Sep 3% 50c Oil Blue Diamond 1,00 9% 9% 10% 1,382 5 Jan 12% Nov 1 1 1% 1,650 1 Sep 2% Feb —2 1 * * Corp Broadway Dept Store Byron Jackson Co — 7% 7% 7% 2,175 11% 8% 12% 15,660 121/2 12% 836 a25 % a25 % " 9% Feb 10 12% a25% Packing common—.' 20 Corp Investment Corp Central Cetrain-teed Products consolidated Creameries Steel Douglas Aircraft Dresser Industries Electrical • 1 Corp America. of Co Inc 77 50c 34% 20% Derrick & Oil Ltd Co Farnsworth Equip Co & Tele Fitzsimmons class Radio Stores 1 A 2 10 Corp common Goodyear Tire & Rubber Co common-' 6% May Jan 27% 450 27% Nov a46% a46% a49% 320 43% 20 % 260 54% 54% 396 20 36 Jan 49% Apr 19% Aug 51 % Apr Nov 25% Jan 62% Feb 160 16 Sep 18% Oct 395 12 Feb 7% May Jun 22 Vi 100 23 % Oct 32% 21% May 4% Sep 27% 10% Feb 25% 25% 214 a27 a27 50 • 4% 4% 270 a9 a9 % 80 16 '/a 16% 640 16% Nov 26% Feb a25 a25 46 26 Nov 26 Nov Oct 60% Feb 10 — Feb 13 Apr 11 Co i Railroad Pennsylvania 16% 50 33% Co 9% Oct 7% Feb 9% Nov Nov Pepsi-Cola Co Oil Pure 50 53 a25 50 10 10 600 * 27% 27% 295 22% Apr 7% May 23% May 16% * a of America Republic Steel Corp 54 '/a a54% a54% a25 * Company Corp a25 * Pullman Incorporated 2u% July 10% Feb 30% Feb Feb Jan 6 Vs. 15% July 25 Ye May 32% Nov 14 280 20 30% Jun 47 82 25 % NOV 31 % a39 % a39% 86 37% May 44 a74% a75% 80 65% 78% July 19% 20% 660 25% Feb a34 a34 50 33% Sep 37% Jan 25 Standard Oil Co 16% a24% a25 % a57% a58 % 57 53% Sep 60% May * a58% a58% 40 48 Va Apr 54% Sep • al05% al05% 71 93% Jan 106% Oct al52%al58% 120 * Inc Brands a34% a34% 15 Socony-Vacuum Oil Co Southern Raiiway Company * (Ind) a 25% 25 19% May 34% Jan Sep 66% Oct Btudebaker Corp 25 1 15% 15 V2 100 12 '/a May 17% Oct Swift 25 31% 320 21% May 35 Nov Texas Company 12 % 12 % 1,423 11% May 23 % Jan Texas Gulf 48 190 48 Nov 62 May Union Carbide 20% 20% 192 14 May 21% Feb Union Pacific 14 100 13 Apr 15 ya Feb United Mar 17% Aug Feb May July NOV 20% 56% al2 50 57 %c 60c 3,350 8% 8% 10 V2 Standard Oil Co (N J) Co & Sulphur Air & Company Carbon Railroad Lines Corp Jan 2.0a Jan United Aircraft Corporation 5% May 9% Feb U 9% 500 8% 14 V2 600 a57% a58% 391 52^* 44 250 42% 17% al7% al7% a22% a22% a23% a a— a__ — 18% Nov 27% Mar 17% 25 Jan 24% Oct Jan 10% al52% lQ Feb 16 % May 12% July 233 a74% 100 Co Inc Oct 8% 44 — 9% 49c Nov S Rubber Warner Bros j an 65 Feb Western Union Teleg Co Jun 58% Mar Electric Willys-Overland 82 Jan 110 0 95 95 303 5 12 12 12% 975 1 1.15 1.10 1.15 1,000 19 19% 770 13% May 21% 25 15% May 29 140 2% May 43% 43% 100 43% May 59 Feb 5 class A 13% 13% 13% 245 13% Nov 18% Feb 15 17% Jan 26 Oct Motors a22% a22 % * a28% 1 a28 % a28% 162 22% May 30% July 8% 8% 300 Feb 46% 535 7% May 44% May 13% 46% 12% Corp 50 Feb 8% Inc Jan Oct a!8% a20% 4% a2% 43% 1 Pictures Inc Westinghouse 65 a2% 10 (Del) Oct Hilton 5 Corporation Co 11% 7 Va May Hancock Oil Co class A common Jan Hotels Corp Development Co Holly * 19 6.66% 118% Hudson Motor Car Co Hunt Jade Foods Oil Inc common Lincoln Co Petroieum Menasco Petroleum National Inc Aircraft Petroleum Occidental Oil 1,595 100 1.15 1.25 1.30 3,025 95c 14c 5 12% May 1.35 1% Corp Apr May Oct 23c Pacific Pacific Philadelphia Stock Exchange Friday Nov 3% 800 4,100 a4 a4 10 3'/a May a8% a8% 24 9j/8 Sep 14% Jan a6% a7% 70 5% May 9y2 Par 40c 40c 300 2.30 2.40 26,657 2.40 48c 25c Apr Mar Oct 1.10 Jan 95c Mar 5 Jan 62y2c Feb 2.40 Nov 10 1 2.50 13 ya 19% 20 200 Jan 21% 36% 36 % 422 34% Jun 42 51 234 51 Nov 62% Feb a52% a52% 75 25 Feb 57 Va Oct 51 — 26 100 Tel & Tel 153 Shares Range Since January 1 LOW High 26% 152% 153% 23 160 High 28% July 174% Feb May Locomotive Baldwin Securities Wks v t 13 c 149% Jun 1A 19,139 lia NOV 15% Rights 1,587 1A American Bankers 25% Sales for Week 15% 75 15 NOV 24% 120 74 Nov 83% Mar 9 May 2 A Oct Feb Corp— partic preferred 50 78% 78% 74 Jan 51 10 • • American Stores Range of Prices Low Feb __ a6% 25 Co common Republic Petroleum Rexall Drug, Inc 8ale Price STOCKS— Jan 1% 80c 87 V2c Week's Last 1.70 July 1% common Oil Corp Western Pacific 10 W) July Hoc common Elec & Gas Lighting Corp common— (F Oct 18 24% 6% Pacific Finance Corp Co Jan 1 Va 1 Co Wool worth Oct 15 %, Jan 1.15 Aug Sep 1 1 1 1 1 City Lines Inc Nortnrop Oceanic Co Co Pictures Corp Monogram 2,300 15 11 % 1 Manufacturing Merchants 16c 22% 16c 14% 10c Corp Company 14% 22% 10c 1 1 Company Kaiser-Frazer Lane-Wells a23 Va a23 Va 15 9 Jan 6% Nov 24 Sep Budd 11 11 11% 229 61% 9% 16% 61% 62 403 9% 9% 325 16% 17% 1,260 • 10 53% 53% 54% 57'/2 57% 58% 5 22% 22% 23 Va 10 10% 310 ■ Co 2% Chrysler Corp new com Curtis Publishing Co Delaware Power & Light • 13% 56% Feb 15 66% Sep Oct 12 % 6Va May 24% Feb Jan 17% Nov 205 47 Jan 810 51% Jan 65% Feb 40 16% NOV 24% Jan 12 Feb Nov 11% Feb Electric Nov General 6% 6% 7 1,210 1 90c 85c 90c 3,200 • 16 16 16% 216 Ryan Aeronautical Company 1 4% 4%. 4% 700 Safeway Stores Inc 5 a21 a21 a21% 231 21% Jan 25% July 1 18 Va 18 Va 18 % 707 18 % Nov 18% * 38 37% 38 290 30 15 25c 1 * 52 52 53 30 30% 30% 30% Rice Oil Co Ranch Richfield Oil Corp common 52 %c May 14 Jan 3 % May 95c 17% Aug Feb 7 Storage Motors Gimbei Co Finance Roebuck & Co Sears Security Company Shell Union Oil Corp Sierra Trading Signal Corp Petroleum Sinclair Oil of Calif Co Corp Nov Lehigh Coal & Navigation. 40% July Pennsylvania May 59 Pennsylvania 33 16c 6,100 10c Sep 23c 14,800 45c July 1.35 Apr 15% 1,120 14 May 16% Aug Light . Calif Edison Southern 4.48% 6% Ltd com__25 Co preferred California 6% Co Gas pfd 280 25 1 Standard Oil Company Co of Calif Bunray Oil Corp 2,127 29 528 48 Transampvica Oil Union United Corporation al5 V4 California ox Steel Slates Universal Western Cons Nov 34% 28% Nov 32% July Salt 39% Mar Scott Jan 35 Nov 40 a42% a42% 247 35 Apr 47 Feb 60 Va 60% 1,005 97/a 10 2,734 7% Jan 62% July 12% Sep a 15 V4 al5% 50 11% Jun 19% Feb 14% 6,598 10% May 15% Jan 13 23% 23% 25 51% Mar 571 20 May 116 63 % May 79 % preference 38 1.160 23'/4 May 42% Chollar G & S Mng Unlisted Co Co Ltd 7 100 6% Aug 10 Smelting & 1.05 500 5c 5 %c 5,500 5c Refining Co 14 Corp Copper Mining Co Armour & Co (111) a 15 a 75 15% 100 Tenopah Gas 1.00 2V2c Feb 2.00 6c 9% Feb Alleghany Nov 32% 35% 480 21 Jan 29% July 35% Nov 18 205 17 May 13 5 Works Co 2 Oct Devonian 80 54% 56% 198 1 Va 40 3% 3% 330 a3i% (The) 1 1 common Improvement 13% Coal 20 A Edison Company Commonwealth & Southern Corp Commonwealth Consolidated Edison" Co (N Y)— Aircraft™ Continental Motors Corp For footnotes see page a56% 10 T 25 • * 1 1 42. 2% 20% 22% 818 35 35 l'/a 3% 794 21 Va 35 2% 2% Nov Jan 74% Feb Apr 1% Jan Nov 5 Apr 4% Feb 2V2 May 20 Jun 24% Jan Sep 26 % 50 Week's ^ 37% July Sales Range for Week of Prices Sharea Steel _ _ Low __ _ * 58 Nov 42 Mar Fort 15% Oct Harbison 71% May 32Va Apr 97 Jan Lone 38 NOV I High 48% Feb 16 Va 153 13% May 20 11% 12% 710 10 May 12% 55 48 57 1,215 24 Jun 57 Nov 5 Duquesne Brewing 31% May 10 May Low 31 10 _ 52% Mar 365 15% 29 29 29 254 23% May 31 July • Electric Oil 20 33% Range Sinee January High x31% 11% — & 476 Feb Oct Oct Pitt BrewingWalker Star 5 100 4% May Feb McKinney 15% a31% a31% 150 15% Nov 24 Feb National 50 22 Mar 30% 100 135 78 May . 1 * Refractories „-10 Gas 9% 26% — 9% 136 26% 26% 130 7% Aug 19% Apr 21'/a 21% 138 17% Jan Oct 10% Jan 26% Oct 21% Nov Oct 7% 100 Nov a43 % a43% 10% * Co Co 3% Sale Price Co Gas 36 100 25 Co 54% part pfd—25 45 40% May 43% Sep 10% 260 9% May 15% Feb Mfg Fuel Supply Fireproofing Corp - Pittsburgh Brewing $3.50 pfd_ Pittsburgh Plate Glass _1 _ .—10 5 a a56% a56% 43 54 Sep 63 Feb Bolt Corp Pittsburgh Steel Foundry 5 % pfd_ Ban Toy Mining _ 39 39 282 24 Jan 40% Oct Shamrock Oil & 25% 25% 340 25% Nov 31% .10 Oct 3% 13 — 3% 550 3% 12% 13% 1,445 12% Nov 16% 5Va 5% 340 5% Oct 10% Feb Jun 67 Jan 42% Feb 53 _ — — 3 Pittsburgh Screw & Ry July 13 50% May 1 Va 22 % 49 7% May 41% Mar a55% a55% 15% * 15 Bethlehem Steel Corp 17% 123 Ludlum Nov 1A Mountain Vultee 25% 10% Oct 16% 8 1% 5 3 Corp Locomotive 'Consolidated 80 Par Nov 11% May 51% Apr 41,911 1V4 20 Tractor 27 Va Friday Columbia a36Va a36% Service 25% Pittsburgh Stock Exchange Blaw-Knox 100 Cities 25% Sep Jan 330 Caterpillar Jan 44% Apr Apr Nov a82 Pacific 27% 10% Corp United 70 13% Canadian Jan Nov 43% Westmoreland 173 13% Borden Company 51% 22 Va 1 Mining Jun a81% Oil 38% May 3,928 * Transit Investmt Corp 6% 150ya 13% Barnsdall 213 23% Corp 36 a557/a 50 Topeka Mlg 45% 22% • 25 a81% Avco 44 Va 22% 3 Sun Oil Co 1,272 5 Baldwin 44 Va 50 Paper 153 153'/a & Santa Fe Ry__100 Atlantic Refining Co (The) 25 Atchison Feb Nov common Oil Dome a68% a68% l'/4 Anaconda a7% a7% al5% • 100 Rights Viscose Jan 27 Last 1 American Tel & Tel Co American 22% 15% STOCKS— American Radiator & Stand San Corp.* Amer 18 % May 4,949 • Reading Co Stocks— Airlines American 5,228 17 Jan 1.05 1 25c 19% 15% Nov 7 7 Imperial Development Feb 18% 16 • common common Mining Stocks— Cons Jan 7% Feb 36 36% 1 Jan 18% 24% July a76% a76% * 10 1% % Aug 5% Mar 14 Inc Lines Air common Corp 150 2,182 .f $1 27% 413 60% Co Oil 6 10 common Philadelphia Electric Co United Inc Textron 1 Va 5% • RR Pennsylvania Salt Mfg 37% July 35 '/a 35 97/a 2 Pacific a42% 50c Southern 28% 35'/a • * preferred class A 27% 28% a34% a347/a 28 25 25 x% 6 9 v2 May Oct 50 Power & Light Philco Corp common So x% 57% Oct 55c 15% 15% 26 y4 Mar 16c & * 1 Power 3iy8 May 45c 16c 10 Pennroad Corp 48 July July Battery Corp Brothers National Seaboard t 13% 13 12 ya May 8% .57% Jun 8% 50 a al2 60c 10% 17% 293 1 Corp class (The; General Motors Corp Uanett 1 80 13 5,208 5 A Oct al4al4V4 0 Co United Emsco Exeter 8 8% 17% 3Q7/a 4 Corp May 17% a60% a617/a " Inc Inc Products 12% 3 • 14 15V2 410 1 48 a60% Corp common.J & Iron Fuel a317/a a32 % al7% —2.50 5% 27% 31 % 33% 1 Corp Chrysler Corp Colorado a31% Oct 5% 5 RR— Car Motor Standard California Jan 14% 305 Jun 1 Corp Oil Chica Feb 42% Pan American Airways Radio Bolsa 39% Nov Nov • Company Packard Range Since January 1 High 4% May 36 13 5% * • Corp American North * Co 33 280 565 Canada—• & Co, Inc.- Ward York Central Ohio Shares __1 Bcrkey & Gay Furniture Co Nov Sales •I Prices __1 of Copper Corp North American Aviation Inc for Week Sale Price STOCKS— — 20% 13 41 Feb 2% Last Company May Jan Angeles Stock Exchange Consolidated Feb 13 36% 1 2% Friday Petroleum Oct 6% 36 • New Bandiri 33% Jun al4 General Public Utilities Corp Nash-Kelvinator Barnhavt-Morrow High Jun 4% 13 July Montgomery Los a34% a35% 36 • 15 1 Products Screw 275 a34% —• • Co Corp Jan 11% International Wayne a20% a20% 26 350 5 — Class A 1 common Range Since January 1 Low 12 5% —1 Interlake Iron Corp 16 1 common Aircraft Warner Shares High a32% a32%' __ Sales fer Week Oct ■? — Low —5 Crown General Corporation el Prices Par Feb 1 Brewing Udylite Sale Prioe High -1 class Week's Range Last 1 Standard Tube Superior common 28 STOCKS— Range Slnee January 1 High LOW 10 Manufacturing NOVEMBER tor Week Shares 35 EXCHANGES ENDING Friday Range of Prices Par Scotten-Dillon WEEK (2239) Sales Last Sale Price STOCKS— FOR CHRONICLE 38 9% 53 160 38% 49 10 Va 175 50 32% Apr 7% May 4 Jan 10% Nov Feb 10% Gas 2% 3 1,175 Jan United 21% 386 21% 25 Oct Vanadium 12 12 180 11 May 17% Apr Alloys Steel Westinghouse Air Brake 8% 8% 100 7 May 12% Feb Westinghouse Electric Corp 3% States Glass common 100 53 53 1 _ 21% 2% May Nov — 15c 15c 1 28% 28% 1 53 19c 28% 10 12,000 11 200 45 July 58 Feb 10c Jan 29c Sep 22% Apr 29 Nov 8% 8% Nov 16 Feb 36% 36% 100 33% Mar 43 July * 34% 34% 35 426 39 Oct .12.50 28% 28% 28% 145 27% May 22% May a 8 30% July i-v/ 36 THE (2240) COMMERCIAL •„ RANGE FOR WEEK Monday, December 1, 1947 t.'< STOCK OTHER CHRONICLE FINANCIAL & EXCHANGES 28 NOVEMBER ENDING Friday St. Louis Stock Last of Prices Shares Low Par Shoe Brown Burkhart 15 Mfg 18'/2 19 3 2 70 14% 100 5 10 10% 300 100 1 115 34 10 preferred Elecrtic Falstaff Brewing General Electric common Un; common I Brew (new) Griesedieck-Western & S D Hyde Park Brewing common Hyydraulic P Brick preferred preferred May 20 Feb Pacific Jan 15 Nov Pacific 10 Nov 18 Feb 1st preferred Pac Tel 85 Tel common 111 Jan 115 7% 31% 115 21% Apr 315/2 355/4 125 32 May 39% Feb 58% 200 51% Jan 65% Feb Nov 40% 40 »/2 50 36 Nov 405/2 Nov 35 35 50 25 May 35 Nov 26% 26 % 30 30 100 24% Jan 29 Sep 34 25% Oct 44 Feb Lighting Public Knapp-Monarch * 42 42 % 1 common common 10 10 Laclede-Christy common. Gas 4 Laclede Steel common.... North American 9 44 Jun 12 4% Jun 17'A July ?-< CO 1' 31 20 20 »/8 Oct 31 ' 23 '/4 23' 2 25 23% Nov 30% Feb 18 "4 18 % 225 May 22% Feb 33% Jan 32 Jan 18% 18 26 26 81 23% 24 5/2 25 (Uni common common 24% 25 21% May Oct Nov Car 10 Louis St common A 23 23 50 Nov 27 »/2 Service Aluminum Stix-Baer & 7 7 100 6'/2 Nov 105/2 Jan 19% 85 13% Jun 295/2 Feb 19% 5 14% 14*4 14% 270 15 55% 55% 56 403 Fuller common Electric Wagner common common 34% Nov 4i'/2 Mar 138 31% Nov 38% Feb Co's 29 141 29 Nov 35'/8 Apr 52% 760 52% Nov 62% Feb 14 • 100 _ W Co Foods 3,214 1 45 46 V4 56 56 58% 210 aSO'/a _ Union Oil 12,519 % Nov 1,155 255% Feb 46'A Nov 56 Nov 93 Jan 23 Soundvlew Pulp 13 '/h May 33 May 18 So Calif Gas Co Co Jan 56% Nov Southern Pacific A ser 18% May 31% Nov Jan 38% Feb a21% a21% 75 19Apr 25% 392 14 »/4 May 17 July 33 100 31 47 Jan 4% 4% 200 3% May 18% 100 15% May 21'/4 •21 '/4 10c lie 38 15 307a 33 280 29,400 558 33 33% 1,255 Aug 35 Qct a25'% a25'% 25 25 '/2 Oct 29'/2 Jun 35 165 35 Nov 40 % Mar 358 35 Apr 17'/a Jun 24'A Oct 9% Mav 15'/2 Jan l'/4 Jun 35 • 45'/8 45% a22% a22% 105/2 60 10% 330 Shares 1.00 1.00 1.05 290 60% 60 •% 60% 1,179 10 217 21% 22% 640 2 133 13'% 14% 18,416 16'% 16% 154 Low Union Range Since January l Low High High Juneau Alaska Gold __ 10 Co Mng % 1% 300 Nov 5 Jan 4 50c Mfg Corp Alaska 4 400 4 Apr 6 '% Feb 50 125 Jan % Packers Association 100 135 ...20 30 % 30 V4 30% 1,008 Apr 36 Jan 2.50 7% 7Vb 8 1,500 6% May 12 Jan 5 5 125 45/4 May Petroleum _ _ _ 1255/2 125'/2 1 . 28% 100 Oil Bishop - _ 230 230 75 9% 9% 10% 200 6% 7V2 1,620 45/4 Jun a25% a25% 80 20% Aug 7 5/2 2 Oil Co Jackson Byron 230 20c of California N A Basin <1 Co_ .. _ a25% — California Art Tile California Ink __ Mills , Central Eureka ; » 32 2 Mining Co__ 20 Apr 100 18% Aug 23'/a Apr 231 17 '/a Nov 28 5/4 U S Steel Corp common • 75 5/2 75'% 76 % 532 62 Apr Oct 24% Universal Consolidated Victor Equipment Co Waialua Agricultural Jun 192 Nov 9% 6 5/2 260 Apr Oil Clorox Chemical Co Colorado Fuel & Oct 12'/2 36'% Nov 27 190 30 6% Mar Jan 92'/2 8 106'/o 20 Co American Nov American Power & Light 7 Sep 11 Jan May 51 July Factors American 40 American 32% 32 877 62 24% Apr 50-4 May 32% 63 a605a .3% Nov preferred.. ..20 Iron Edison 280 565/2 Sep 66 Oct 864 20% Apr 30 .. 23 & Smelting 1.65 Aug Consolidated Chemical Ind class A " Consolidated 5 Coppermines ... _ Copper Argonaut Creameries Crown 120 17'/2 Apr 19% Feb Armour & 375 25''2 Nov 32% Jan Atlas 34% Apr 44 Oct Avco 43 295 a5% 80 6% 5% May Zellerbach Corp common $4.20 preferred. $4 2nd preferred _ Feb Bendix. 34% 33V4. 1,651 101% 101% 669 101 Oct 108 107 11% Jan 122 122 34 May 130 Oct 15% 15% 113 15% Nov 32 Doernbecher Mfg • Co. Chemical Co 15% 100 155/2 Nov 32 Jan El Dorado Oil Works Emporium Capwell Co common 1 Farnsworth Food Television Machinery Galland Linen &: 1 10 com 10 79% 63 2 common Corp common tj Mav 50 38 Aug 39% 100 23 39*4 4 5% a 57% Paint Corp • common Cumulative preferred (111) Conv preferred 2nd Golden State Co Ltd Santa * • common Hancock Oil Co Cal "A" * 19% Development Honolulu Hudson Hunt Oil Motor Foods Car Ine !0 Feb NOV Feb 2 Oct 19,144 1,132 28% May 50% 35% a36% 257 31 '■> Mav 41% Feb 3% 902 Jun 3% Feb 13% 13% 112 81% a Nov 2.80 10 100 69 23 Oct 5 5/4 238 al5'/2 al5% 125 15% May 43 5 '/4 Oct Oct 96'% Mav 85% a22% a22% 31'% Berkey & Gay Furniture Co 1 l'/a 1 '/8 Bethlehem • a98»% 1 4'% 1 pf-:E & Steel Co Inc common capital Airplane Boeing all all% Jan 25% July 7% Feb 24»/4 Feb 16»% 4% May 15% Nov 75 7% May Feb 320 1 % 23 May 38 '/4 350 32 1 Sep 2% Feb Jan Borden Co 41 »/2 Oct Cal 15 Ore Sullivan & Pwr 6% pfd 49% Jan Canadian 3% Oct Chesapeake & Ohio RR 8 1,208 May 95/4 Feb Cities Service Co commor. 10 71 % May 92% Jan Columbia Elect 5 CO 5 8 103 6% 150 5% 5% 200 4% Jan a57% a58% 415 62 V4 Jan 65 V4 285/3 Feb 23 Railway Apr 3'/» Apr a21 55 14 '/a Aug 23 Feb 90 40% Jun 17% rllO'% 25 Pacific 841 \ 4,434 — 100 2.30 Aug 115 4% a93 a43% a43% 2 '% '27 25 17% 550 32 rll0% 10% 101 5'% a 5% Mar 8 Jan 6% July Feb Gas & 109»/2 Jun 40% 18% Oct Sep 112'% Feb 10% 455 9 »/2 May 14'% Feb a43% a43% 130 42 % May 54% Jan __ — a36% Commonwealth & 39 49 12% 378 10 % 70 100 45 a Natural 20'/2 600 19 May 20 100 20 Nov 25 100 24% May 35 Feb Continental Oil Co 18 19 4,932 17 V4 35% Jan Curtis 9 % Publishing 11% 170 95 200 94V2 July 19% 20 589 171% July Apr 11% 105 25% 655 95c 280 39 % • 1954 19% 100 14 6.665% 19 20 380 15 % May 1.35 12% 41 Southern Edison Consolidated 20 Nov * Columbia River Packers of Co Gas 70 — • N Y Co 26 39% Jan (Del) Oct Nov 2% 2% 100 21% a51 % 5 Co Oct 12% 70 Apr Mar 21% 499 21 Nov 29'% Feb a51% a51% 12 445/2 Jun 49 Sep 10 49% Oct 12 Feb • 15 Feb May 16 Jan 79% Nov a99% 4'/4 a20'% 5 com 32 Va May 53 Co common 17 71 174% 1 31 >/2 common Corp 800 1.10 52% Mav 48 3 1,165 1.05 * 11% Mav 53% May 151 3'/a a35% 81% IB 3 52 1'2 l Corp a 47 13% 48% a48% — a9% 20 38% Apr 7% May 5 __ 1 9% 2% M"v a9% a * 5 300 4 5% May 6'% Jan Feb Nov July Feb Dominguez Oil Co 27% 475 21% May 28 a45'% a 45% 50 435/4 47% July all% a 12% 32 10 »/4 May 16 35% 905 32% Mav 30'% Feb 27'% • Kodak Co Eastman * Electric Bond & Share Co Holly 31 1,879 a!l '/b Jan 95 <! 240 15% 69 '% 5 Bunker Hill 11 % ♦ of Pineapple Co Ltd Feb Feb IS 100 Fe Curtiss-Wright Corp Greyhound Corp Hawaiian 19 Oct 16% 9% May 153 153'/4 13 Ohio RR & Aviation 41% July 6% a Jan 35 26''4 May 15% 5 25 * 29% Nov 50 50 a 68% 5 & 20 20 27% 28 a8% 5 Consolidated General 13'/2 Aug 28 a69% 8% 3% 8 0 2% Service General Motors Radio Corp Foster & Kleiser 3 5,4 650 38% • Corp 8% a40 39% __ ♦ Eureka 8% a40 8% 15 common Jan Apr 9 23% Jan 15% -5 Feb Nov a8»/2 100 Blair 15% 175/4 330 Oct 32% ft Co Baltimore 32% 5 250 50 Locomotive Jan 1,236 _ Di Giorgio Fruit Corp class A cornClass B common 27 '/a a 28% a • com Manufacturing 17% 12 5 a ... a27 % Jan 37% Jun 282% May Feb 235/2 234 12 '/4 * 250 .100 Co Topeka Nov 12 12% 1 common.. 11% San- Corp 11% May 25% Apr 12 1 5 Corp, Amer Inc oi 11% Refining. Mining Mining Baldwin Cons Vultee Air 11% ~il 17% 43 — 501 Rights 25' a5 '/a 43 18 % * Std & American Woolen Co 17% 2 17'/4 20 Radiator 25 "2 25 17'/4 27 5/2 NOV 11'/2 Jan a60% a61% 17% __ 20 42'/2 Feb Jan 7,252 22% 62 300 Jan Aug 8 Aug 57C 1.40 23 34'% 297 1 common 34'/4 297 50c Stores Mar 60 1.10 286 78% May Unlisted Securities- 400 3% 520 9 24'% July Oct 9 2 5/2 May 38 9 9 • Department Yellow Cab Co 618 20 100 Nov 7% Western Atchison Commonwealth Dow 20 1 Co 24 to CO 10 Fargo Bank & U T Anaconda 2.50 Chrysler Corp lan 18% 51 a56% a56% 1.25 1 Oct Oct 17V8 9 • 15% 18 Jun 17% 25 12 '% American Tel & Tel Co California Packing Corp common. Caterpillar Tractor Co common 10% Mav 10 51 — 25% 18'/» May 14% Corp 120 5 _ 62% July 515/4 Mar Calif 2.50 2.50 * Co 7% 106'/2 105' it class B Cotton California 100 preferred 7% 7% -1 Co Oct 1 Feb of Air Air Reduction Calamba Sugar Calaveras Cement 47 Lines Sugar Wells Bandini Bank 5 Jan Calif National Bank Imp Diesel Engine Anglo Atlas Oil Corp Co Oil Union United Aireon Associated 27'/2 for Week of Prices Sale Price Par * Water Jan 40'/4 July 33% July 30% 25 1 Transamerlca 20c May 255/2 May 30% 2 Transcontinental & Western Air 20% May 9c Jan 30% May • Tide Sales Range Last STOCKS— Exchange Week's 6'/2 21% July 26'/* July 364 38 Standard Friday Sep 18'% 18'% Spring Valley Co Ltd San Francisco Stock Feb 165/4 11c Co Oil Co of Cal Nov 35% — common Sperry Corp Spiegel Inc 1 33 pfd ..25 cum prefererd 63'/2 July 16'% 5 . Oct Nov Nov 20 • common 57 79 May 545/4 30 5 capital Feb 65 Feb Jan 33 10 pesos Roebuck & Co 26% 129 16'/4 10 Mauricio Mining Sears. Aug a30'/a a30% a21% 1 . Inc 873 92 a36% a36% — 1 . Saieway Stores Inc common Ban 25 79 55% • __ Fine 273 45'% \ Corp common Aeronautical & 95 54»/4 25 Bros Ryan 28 r/4 77 -1 • _ Rheem Manufacturing Co S 155/2 JUly Oct a52% a52%. 100 . common Preferred Oil Feb 24% % Preferred Richfield 12'/4 150 54% • Roos 200 * Pulp & Timber—.. Electric & Equipment Incorp 14 25% 93'/4 93r 10 Puget Sound Railway 14 25% * common Jan 52% • common Southern California Edison Sterling 425/a 622 Apr 50 1 Louis Public Service class Jun 35% 31% 29 • Shell St 34% 35'/4 Feb 30% 25 Range Since January l LOW High 4,559 31% Phillips Petroleum Co Rights Sep( 12 10 common Missouri Portland Cement Rice-Stix 100 100 5 5 Jan May 375% 20 common McQuay-Norris 16% 16% 8 Laclede 33 200 Corp common Pacific Western Oil Corp Parafflne Rayonier International Shoe High 36>/a Nov 15 57'/a 30 1st Jan 365/8 34% 57% 5 4 100 common 115 Jun 26'/4 31 31% • 10 • General Motors common fUn) Huttig 18 '% 5% 180 Low 35'% 25 25 25 55%% Hiah Low 14% common Century Electric Co common Columbia Brewing common Emerson 31% Shares 355/4 25 1st preferred 1st preferred 6% Range Sinee January l High 30 % 30 Vi 1 common for Week of Prices Par Pacific Gas & Elec Co common for Week Sale Price STOCKS— Range Sales Range Sale Price STOCKS— Sales Week's Friday Week's Last Exchange 5 General Electric Co • -- Sep Nov Jan Jan 53 Nov May. 21»/a Oct General Mav 29 Jan Goodrich 13 Nov Apr Hutchinson Sugar Plantation 15 13 13 150 10 Feb IXL P2 70c 70c 70c 300 70c Jun 1.45 Feb 1 1454 14 '/4 15 2,027 5l/a May 18% Oct 27 27 345/4 Food (B * Corp F) 35'% Co common a 35% a35% a36% 59 38 Nov 39% Aug * a58'% a58'% a58'% 50 50 5% Aug 555/8 Sep a43% a44'% 85 43 5% 5% 120 36 36 235 36 May 44 July 30 NOV Jan — Goodyear Tire & Rubber Mining Co Kaiser-Frazer Langendorf Class Corp Utd common Bk "A" * B 200 27 Nov 22'% 23' 2 795 20 3 30 Jan (R G) Inc 1 17% 17% 150 17 Sep 27»4 7 95 91 2 110 10% Apr 12% 12% 190 8% May 10% Mav 3% 35% 100 3 May a34% a34% 60 33 Aug • 1 4 -- Jun CO O 8'% 3 V4. May Feb Oct Jan Libby McNeill & Libby. common Graham-Paige Motors common Great Northern Ry non-cum pfd * -- 4 May Hobbs Battery Co class A Class Le Tourneau Lockheed Aircraft Lyons-Magnus Macy (R H) Corp class & Co 1 B * • common 1 Calculating Machine 12% 12% 12% 694 5 Magnavox Co Marchant 3% 2 35 35 35 185 12 V* May 29% Sep 23% May 20 4 "2 38 17% Idaho B Mary Mines Corp Feb International Feb International Sep Feb Kennecott Tel Co Canada & Tel Co Copper Corp • _ a 12% Loew's 275/4 Oct 3% Jan Matson Navigation Co Montgomery Ward & Co Nov Mountain Inc 630 19% May 600 1% July 45% Sep 2.50 2.55 2,200 2%. Nov 3'% Feb a27'% a27% 70 28% Sep 36'A Jan al2% al3 60 9% May 17% Feb 42% 204 41% • a 46% • 40% Mar 30 3% 2.50 * • 28 3% — 1 Johns-Manville Corp Nickel 30 • • . 41% 20'% 41 44% Sep Oct a46'/4 a49 Vh 10 43% Jun 49% 20'/a 145 195/4 Aug 257/$ Feb 20 5/s F*b \ Meier & Frank Menasco Mfg Co Inc 1 10 Morrison Knudsen Natomas Company North American Oliver United Paauhau Pacific Pacific Oil Filters Sugar Fisheries Coast Aggregates For footnotes see page 42. 19 B Plantation— American 26% 300 1.25 1.30 890 1.10 Nov 15 5/4 15 15'/4 775 12% Apr 17 11 '/a 215 11V4 Jan 13% Jun 11% • 10 Cons class 26% 1.25 10 Co common _■ 37 11 37 190 24 Mav 38 Oct 11 11 5/8 375 10 Mar 13 Jan N 13 Jan North Y Central RR 6% 200 11 Feb 13 15 200 10% Jun 15% Oct 6'/4 927 '5% Nov Norther^ Pacific Railway^— 6 9% Feb Olaa J American Sugar Co Aviation 17'% 17% 2,330 54'% 54% 258 a45c a45c a45c 50 17 17 17 150 • Oct 17 26'% Feb 64 Feb 50 Apr 50c Sep 2.50 May 19'% 14 Jan Feb 20% 1 20% 21 369 17% May 23'% Oct 12% capital.. 15 5 • 5c Nash-Keivinator Corp National Distillers Prod; 13 15 5 City Copper 12% 13 821 12 22 Feb 10% Feb 22% web 8% 100 al8% 20 6 8% 8% a 18"% 5% a 240 7, 19% 135 14 6 200 4 May . May Mav . ,Jun ,/ 6% Sep Volume 166 Number 4651 THE COMMERCIAL OTHER RANGE Friday Week's Range Last STOCKS— Sale Price Par Pacific Portland Cement Preferred Packard Pan Low 10 common Co Airways WEEK NOVEMBER Pictures Dodge Low 10 106 a47/8 50 4% Sep 9'/a 683 87/a Nov 15 Feb Standard Studebaker 21 Jan 125 Nov Socony-Vacuum Oil 15 80 Oct 7% 25 Pure Oil Co Radio 22 22 22 170 21% Sep 30% Jan 16'/a 16% 515 16 Va Nov 2o% common a24Va a26'/a 75 25% Jan 33% July 33 V30 a24'/a 25 54 50 21% May 10% Brands Texas Inc 9% Oil Portland Corp 10Va 720 Oct 7% May 46% Company a preferred 58 Mar United Corp Delaware 1 28 V2 July Utah-Idaho of Sugar 10% Feb Warner Bros 180 10% Nov 15% Feb Westates 255 2.1 May .10% Feb Co 25 40 Nov 40 V2 220 25% Apr 36 15% 15% 395 14 May. 5 Week's Last Range of Prices Par Low LISTED WEEK ENDING (F W) 12 Va com Shares 2,263 20 21 % 21V4 21% 2,038 39 39 75 197/a 19% 20 250 • 15 57% Amalgamated Argus Corp Ltd 4 V2 '!o Asbestos Imperial Oil Ltd * Imperial Tobacco of Canada common_5 Range Since January 1 14 Va May High 21% 4Vo Pow 0 22 Feb Industrial 43% Jun 4V4% July 19 V2 Oct Accep Corp preferred 35 8% Nov 22 V2 Jan 59 Nov International 210 95 192 Mar 220 Oct International Nickel of 25% 25 % 453 25 Oct 27% 12 12 10 10 Jun 12 Mar International Paper Petroleum 7% 7 % 1,675 Feb International Utilities 82 82 2 82 Nov 27 Va 26 Va 27 % 416 26 22 22 531 170 166 170 906 20 20 20% 4,352 9 V2 Bell Telephone Brazilian 100 Trac Light & Power • G% May 9% Bronze American Bank British Columbia British Elec Columbia British Brock Power Co 4 19% 19 % 100 pfd Forest Columbia Class Note 4'v 98% 98 3 Products Corp class A_4 B * Silk Building Bulolo 4 Mills 28 Products Gold 2% __ • Dredging 29% 5 -- Power La Hilda Cement $1.30 Co 1 May 30% Feb 19 May 23 Va Feb 165 Oct Public Jamaica 19% Nov 191 Lake 1% Feb 23Va of the Forgings Class class Canada 5% 400 19 % Nov 4 10 98% Nov 3% 4 7/a 8,955 3V4 25% 50 2 % 2% 450 24 24 25 20 Aug 29% 29 % 561 28 19 19 15 16 23 % May Lewis Bros Canadian Car & 4% Feb London Nov 2Va 29 % Celanese Canadian Converters Foreign Canadian Ind class 3%} Feb 29 Range Shares LOW 32% Feb Jan 20% 14% Canadian Canadian Consumers 26 — 26 10 25 Jan 41 41 10 35 May 12% 13% 470 14% 14% 8% July 495 13 42 42 42 80 40 23% 23% 25 % 370 19 24 23% 24 2,599 Aug '/4 26 Va New 5% 22% 13 '/4 13 13% 845 12 16% 16 Va 550 I6V4 Feb Nov 17% Nov 50 25% Sep 27 Nov Feb 14% Feb Sep 19% 59 62 1,178 56 Apr 67 Va 23 75 23 Nov 25 Feb May 15 15 10 14 Julv 17 Jan 32% 32 % 25 30 Apr 40 16 1,800 11% May 17% Oct 15% 15% 1,250 11% 17% 15 61 29 29 Vb 150 22% Apr 37 Jan 14% 14% 295 14 % Sep 18 % Dominion Glass common preferred 13 13 13% 2,950 11% 11% 5 94 93 95% 2,310 40 40 40 % 155 37% 37% 38 65 • __ Dominion Steel Apr 11 V2 Mav 15% Feb 11 14% Feb Nov 78% May 97 Oct 43 Feb 37 Oct 48 7% Tar Voting Red B 25 4 common..* New 31 31% 630 30% 18% 18% 19 700 14 10 10 52 Aug 11 Feb 27 28 35 28 Nov 32 Jan 29 29 120 28 July 33 Jan Jan — 35 14% May 8 % Sep Mar 20% 37 Feb 19% Nov 18% -- 35 36 95 35 Oct 42 35 35 % 150 35 Nov 18% 19 Vo 9.135 12% May 38% May 19% Nov 26 % -- 26 % 425 21% May 27% Nov 26 26 Nov 4 Textile old 26 30% May 26 26 55 22 Nov 30 22 22 22 % 340 22 Nov 26 Feb 4 common 108 26 108 108% 75 25% May 828 92 Jan 114 12% 12% 2,969 12 Nov 13 Nov 100 Donohue Bros Ltd Eddy Paper - class Co A pfd Enamel 106 106 106 60 4 20 V4 20% 21 105 20 Feb 21 19 V4 May 1.9% 365 19 Oct 21 Jan 20 Corp -- Heating Products Electric class A 4 B English 4 Class Famous Players Foundation Gatineau 5% 5V2% 1 & Co Canada of Power 4 Corp 4 steel Wares 100 __ common Tire 4% pfd Inc Lime & Alabastine Goorivear Gypsum Hamilton 1927 100 Va Nov Bridge 13 13 13 % 1,282 12% 12% 763 • 13% 13% 50 24 24 3 4 225 23% May 26V2 Mar 4 Ltd 22 32% 65 32 Nov 36 Jan 172 Feb 175 Mar com 173 173 173 30 * 20% 20% 20% 25 15 3 A) 4 17% Oil old 4 com 16% Feb 13V» Feb Jan 11% 14 V2 Oct 19 Va Apr 14% Sep 21% Feb 16 V2 Feb 285 14% May Jan 21 Va 8 23% 30 July 615 12% Nov 13 Nov Feb 16 Ltd 16 16 275 13 Vi Jun 20 38 4 preferred 27 38% 600 34% Jan 40 V8 July 40 May 40 • common 4 17 46 Va 40 32 17 25 Works preferred Feb 17 % 160 4712 525 46 % Aug 41 % 14% Sep 22 V2 42 Apr 48 May 50 May Feb 25 44 44 44 150 4 22 Va 22 % 22% 721 25 25 50 23 July 26 % Nov KT 430 42 Aug 53 Jan 4 48% • 27 Mines Ltd Ogilvie Flour Ontario Mills Steel common co 01 CO 44 Nov 21% Sep Electric. Rwys Ottawa Lt Ht & 27 27 % 775 26Va Oct 4 21 21 45 16 May 4 22 22 189 18 Oct 15 Products Ottawa new Power com 26% Feb 29 Jan 21% Nov 22 Nov May 17% 17 % 25 Feb 18 32% 33 190 27 V8 July 33 Jan 4 63% 66 200 62 Va NOV 71 Jan 1 18 18 240 16 Jan 19Va Feb Jan • common Penmans Ltd 4 _ common Placer Development Powell River Price i Co. Bros 4 % 4 -- 32 "a 43 44 2.230 34 13% 143a 1,370 69 3 4 1,665 10% May 50% May 100 198 -- 13% no. Ltd » Provincial Transport Rolland 57% 99 Va 99 % 4 44 Nov 15% 4 V4 7c pfd Power 4% 7c 100 pfd 100 99 Va Nov Oct 70 Nov 103 Feb 13 13 80 13 Nov 17 Jan 18 % 18 % 175 18 Aug 20% Jan 102 -- 4 Paper Saguenay 68 100 common preferred St Lawrence Class A Corporation common preferred Lawrence Pt Flour Lawrence 102 __ 4 102 30 103% 103% 5 18 1.475 49 50 17% 17% 151 151 48 50 Mills Paper 6% Shawinigan Series A Water 4% 7% pfd—100 101 Jun 104 Mar 103 % Oct 106 Feb 151 9% May 30% May 151 19Va 50 Va Sep 164 Jan 140 Oct Oct May Sicks Breweries Voting Simon of 7% 582 22 2.008 21% Oct 25% Jan 48 48 Va 755 48 Nov 50% Sep common.4 28 Va 28 28 Va 30 25 Jun 30 % Mar 4 15 V» 16 2,075 12'% Apr I6V4 Nov 12 V4 Mar 15% Nov 21% 29% Mar common Sons Canada common Power common preferred Co of 15' 4 & Standard Chemical 5% 138 21 % com trust (H) Southern Steel 134 21% 48% 100 Power Canada Oct 125 4 __50 pfd & preferred Sherwin Williams 15 15'4 350 4 25 25 85 4 18 181 211 4 4 3.510 116 16 7% Nov Mar I8V2 Sep Sep 9% Feb 97 Nov 104 Feb 4 78 77 73 365 75 Oct 82 May 25 80 73 80 430 78 Oct 89 Jan 100 Canada common preferred 106% May Tooke Brothers 97 70 100 Viau Steel Biscuit 100 -- -- 18% 109 17c preferred Corp 18 Oct 20V4 Apr Nov 5% Oct Feb Winnipeg 20 20 4% 50 18 4% 18% 800 16 V4 24 24 150 23 July 20 158 17 Apr Aug 19% 26 20 % Jan July 5% 9 Jun 25 166 Nov 190 Jun 1,300 iVa May 10 Feb 21 21 9 21 July 8 79 79 270 common preferred Electric 79 2512 25 4 1.290 35 35 35 8 100 Worts 4 101 101 10 4 (Geo) 4V2% Nov 170 87a 4 & Wilsils Ltd 20 4% Wesson 8 166 8% 4 Cotton Jan 100 4 common Gooderham Nov 11% 197a .. 21 21 50 705 4 19 201% 96% 96% 45 4 35 35 250 4 19 100 common preferred Zellers Limited common 25 3 96 % 20 Jan 72 Apr 21% May 26% 101 Sep Nov 20% May 13 96% 35 Jan 81 28 % 35 Feb Oct Nov 105% Jun 23 Mar 21% Oct Nov 101 May May 38 Feb 50 109 109 214 109 Feb 111% May 5 7c preferred 25 26% 26 Va 50 26% Nov 27 Jan 110 110 50 110 Jan lllVa May 67c preferred 25 28 23 10 27% Jan 29 Feb 16% -- • * Walker 18% 100 16o 8 V4 4 Tobacco United Jun 17 180 14% 52 '/a 52 % 52 Va 10 15 % 15% 530 Sep 18% Jan Oct 55% Jan May 16 V2 Jan Banks— Commerce 13 23 3 960 24 preferred j 50 Hudson Bay Mining & Smelting—,—* July 49'/a 49 VB 49 % 50 49 44% 44 44% 505 40% 7% 850 6V4 May 9% 53% Feb Apr 45 V2 Feb 27% 37% 10 25 24% 25 50 50 1,120 4 21'4 Sep 23% Nov Apr 28% Nov 39 Jan Apr 25 Jan Jan 50 Va Feb 190 a . 25V4 415 28 38 3 34 July 1,817 22 $1,000 50 Oct Nov 23 Va 28 38% 10 Feb 32 23 % 10 10 15% 31% Sep May 12V2 10 13 12% Breweries 7 15% May 30 For footnotes see page 42. Nov 12% (Robert) 75 7 Va $2 00 63% 1,371 50 7% common.. May 17 % 17 30 Va Paper 41 257 11 % * Smith 3.325 17 % 11% * Howard 61% 25% 16% 11% * preferred preferred General • Canada com Feb a 60 3 Feb Breweries Wabasso Electrolux Jan Sep 37% * common Tuckett pfd Jan 38 V2 Nov 12 V4 common Donnncona Paper 4'/2 % 26 Nov 32 455 Nov 23 V2 ctfs prefererd Dominion 31% * class 'Chemical & trust 9,667 20 & Coal Nov 26 2,170 4 Feb 20% _4 _ 13% 230 34 Nov 39 »/4 20 * Dominion Stores Ltd Dominion 20% 25 __ 15 27 33 Jan -- -- 5 Steel 13% 5 National Steel Car Corp Niagara Wire Weaving Oct 35 & Oct 26 % 13% 33 Power Corp of Canada 15% • Foundries Oct Nov 16 25 preferred Mar 3 Jan 23 __ common—_1 common 40% Feb Mar May 23 25 • preferred Dominion 7'/r 6% 100 Nov Nov Mitchell Jan 41 13 % Apr 16% • Dairies Jan Nov 1.50 5 Locomotive A Bridge Coal 30% 94 Nov Cottons Seagrams Dominion 681 5 McColl-Frontenac St Dominion Nov July Jun Glass. Dominion Apr 25 % 20 31% Crown Cork & Seal Co Distillers 15% Nov 5 Nov 32% Smelting Jan 25% 5 28 4 & a 4 700 4 Mining 13 Va 416 25 25 3 15 V2 120 Montreal • Pacific Railway Plow Cockshutt 2,241 14 16,993 • Quebec Power Consolidated High Jan 2,135 Jun Montreal • Companies Low 12% 147a 110 Jan Locomotive Oil 14% Sep 15% Canadian Range Since January 1 High 4 Nov pfd. —20 class Feb Jan 485 23% Investment Alcohol 13 52 V« Sales for Week 2 Massey-Harris Jan 62 A 30 % Jul* 110 96 common Canadian Jan May May 15 % Jan 4 - 23Va 110 Mav common series Week's of Prices 35 Ltd Co Page-Hersey Tubes $1.00 44 Jan Jun Mav 20 Canadian 7 70 15% 17 • Foundry 62 4 77 B Class A 245 a Nov • 6%% 189 Breweries Canadian 28 % a9 Va Feb July 5% 100 W) 770 4 cl 28% a44% a45 7 94 Ltd (C 96 • Ltd 60c pfd Lindsay 103 18% 4 Co I8V4 Jun 3V4 May Hosiery Mills Ltd Aug Apr 25 50 Cable Nov 25c 100 28 % Steamship common & 13% 100 94 Corp (John 28 96 __ Wire 225 1.445 1.50 • preferred 18% Corp preferred 45c 5% a9 Va 28 Va a 44% Noranda Canada 13% 45c 5 V4 33% common 18% A Power Jan 33% (John) Woods 28% 4 Northern 4% 13% Canada Service • B Canada May Jan National Canada 3 13% 13 Va 25 100 _. common preferred 650 Feb Molson Calgary 3% Feb 98 25% • Jan 3% 25% common preferred Lang & Sons Ltd Eritlsh 4% Oct Labatt Limited A 2% May * common 7 V4 200 100 6,517 ' Oct 2% 14 A class 55 — May 2 % 2!; 25% Rights 23% Mar 100 . • class 24 Va 1.50 17V2 May 36 50 100 Pap 87 May 53% Feb 100 25 % 4 common & Nov 17 25 preferred 22 Corp Corp Bathurst 64% July 85 47 Last 207 25 preferred Sep 26 Sale Price 100 • Electric 497 85 78% Aug 24% Feb 28 52 V2 • pfd 58 85 19 7 MARKETS NOVEMBER International common 4% 76 16% May Friday Low 18% A Can Feb Mar 63% Mar 1 10 common STOCKS— High 18 20 of 35 320 1 Woolworth 6% Co Nov a for Week 18 Aluminium Ltd Aluminum 25% 2434 Sales • com Agnew-Surpass Shoe new Algoma Steel common 162 July 310 1 common Westinghouse Electric Corp Willys-Overland Motors Oct 16% July FOR Pictures Petroleum Exchange Sale Price stocks— Sugar 25% 17 a22% a22% Par preferred 34 Vb Aug 40 31% Friday $2.50 Nov Mar a 5 Preferred Canadian Funda Acadia-Atlantic 27% 4 5 40 15% Co Corp 10% Montreal Stock & Paper preferred 14 782 75% Aircraft 31V2 _. • Power 380 19% 25 common Guaranty 27V4 RANGE $1.50 16% 27% 1 United CANADIAN Abitibl 1 High 16% 25 Nov 10% 10 50 Cruz Low 27% 16 Va 4 Corp common 27% 4 Santa 37% May 50 9% 1 Reynolds Tobacco class B 222 a24% a24% • — common 45 a53% a53% __ 4 America Corp 45 __ 4 common.. Steel Range Since January High Feb . Corp of Sinclair Ltd Shares Feb 16Va Raciio-Keith-Orpheum rtepublic Ed Cal for Week Low Par 4% Jan Sales Range of Prices e High 13 1 Corp Inc Week's Last STOCKS— Title Phelps . Friday Range Since January 1 -_ou common Pennsylvania RR Co Pepsi Cola Co Pullman 28 Standard Oil Co of N J Paramount (2241) Sales Shares 8% 8% CHRONICLE EXCHANGES ENDING 200 a __ 2.50 STOCK FOR 122% 122 % __ • common 21 FINANCIAL for Week High 21 21 100 Motor American of Prices & BONDS— Montreal Power 3% notes 1949 37; 38 (2242) THE COMMERCIAL & CANADIAN RANGE LISTED WEEK FOR FINANCIAL ENDING CHRONICLE Monday, December 1, 1947 MARKETS NOVEMBER 28 Montreal Curb Market Friday Week's La at STOCKS— Acme Glove Works Atlas Steels Bathurst Brand Millen Paper class B Ltd Brewers 7% & Dist of pfd — 100 • Ltd 173 1.05 41 Vancouver Oil __ 100 A Ltd American • common Brandram-Henderson British Ltd __ Ltd cl Packers Ltd Canadian Gen Canadian Industries Invest pfd Marconi Nov May 11,465 108 110% 465 112% 125 38 Mar 39% Jan 15 459 14 Sep 16% Feb 24 120 21 Jan 25 10 180 Nov 190 62 62 Aug 55 61 Nov 69 Feb 3% 3% 3% 500 3 May 2% 2% 175 2% 2% 94 Aircraft Farmer Ford Motor Co Power 40 15 5,425 Tire A 40 60 15 75 12 Mar 14 129 Oct 9 & 9 13 13% 2,185 60c 148 60 7 4% 300 21 700 21% 13,311 11 11% 65 14% May 8% Jan 17% 25 17 8% 475 600 39 A_ • 4 com 85 8 185 42 50 65c 22 % 9 Nov 13% Nov 75c Oct 64 5% July Nov Nov 2% Apr Jan Aug Nov 2,350 2 Sep 50 50 25 49 Oct 3% 3% 5,345 2 May 20 Jan 25 25c Nov 55c Nov 187 25c 25c 25c 53 19% I,030 44% 35 16 16 40 15 225 10% Aug 19 19 100 19 19 3% May 61 Jan 4% Feb 5% 13% May Nov 44% 16 Nov Nov 58% 4,500 5c May 13c Jan 47c 45c 48c 4,000 33c 16% 16% 200 1,100 — Westville Mines 52% 20 105 51% Mar 55 Oct 12% Feb 250 45 45 45 25 9% 9% 292 7% 7% 6,245 14 14% 125 18% 18% 150 99 99% 40 6 6 100 2.15 2.40 59 14% 14% 25 13% 16% 24 .100 9% 11 40 Jan Jun Jan 28% 14 675 15% 16% 1,180 46 Jun 9% 6% Oct 7% Nov 11 May 14% Feb 18% Oct 21 Jun 99 Nov 104 5% Sep 7% Feb Aug 15% May 65% May 14% Jan 24% Oct 76 17 Apr 10% Oct Jan 9% May 11 13 14% May Oct Aug 24% 133 19 May 7 850 4 Apr 17 10 14 >/8 14% 395 117 35 12 Jan Jan 30 9% Jan 21 Feb 15 July 116 38c 40c II,509 29% 29% 30 29% 29% 30 29% 18% 50 17 18 16% 18 200 10 10 5 29% 29% 29% 30 10 10 91 * — Apr 123 24c Jan 43c 29'/8 Nov 34 Nov Mar Jan 15c Oct 30% Feb 21 Feb 14 July 25 15% Feb 23 May 30% Nov 10 Nov 14% Jan 3c ~ 15c 15c 2,000 10c 87c 4,300 85c Nov 87c Nov 3c 4c 600 3c Aug 7c Feb 18,000 12 %C Oct 26c Sep 11 %c Nov 44c Jan 9%c 11c 1 43c 43c 43c 1,000 29c 25c 34%c 69,700 1 .1 1 1 Mar 11,000 1 1 19c 18c 20 %c Bob's Lake 20c Jan 16c Band-Ore Gold Mines Ltd Beatrice Red Lake Gold Mines Ltd. Beaulieu Yellowknife Mines Ltd .—1 16c Apr 40c 40c 500 34c Mar 43c Feb 2.40 — 2.40 2.45 20c 12,000 5c 27%c 5c Jun 17 %C Oct Jun 89c Sep Sep 70c Oct 50c 40c 51c 5,800 40c Nov 5%c 5c 6c 5,200 4c July 8c SeD 6c May — __ 13c — Feb 1,400 1.82 May 2.90 Nov 9c 10c 2,000 7c Feb 10c 2.000 9c May May 21c 10c — 50c Nov 1.80 Nov 18c Feb 107,100 Ltd__l 14c 13 %c 15c 30,000 7c Oci 25c Mar 9c 9c 1,000 5c Jun 9c Jan 13C 13c 15c 19,500 12c May 3.00 3.00 3.05 1,560 48c 57c 3,500 35c Oct 57c Nov 47c 50c 1,435 47c Nov 67 V2c Apr 4 _ 50c i -- 210 34 %c Jan 5.35 Feb Feb 1 15c 13c 15c 18,700 7c Sep 19c Jan • Ltd 50c 70c 70c 74c 4,400 50c May 85c Nov Nov 20c Mar May 22c Sep 2.80 Jan — _1 __ 9%c 11c 4,500 9%c 14c 14c 2,000 13c 2.05 2.10 3,200 i. 9c _4 Ltd — 10c 39,200 7%c 4 4.60 4.60 4%c 4%c 2,000 3.00 3.00 300 14c 23,100 5c 100 1 _ 4 — 70 May Aug 20c 4.50 May 4%r Nov July 4.60 Apr 14c Feb 3.30 Jan 2.80 May Oil Co Co Ltd • 11»/« 11 %c c 11 %c Nov 61c 4 40c 40c 40c 1,000 35c Jan 75c 1 __ 1.27 1.20 1.29 9,000 40c May 4.40 4.40 12c 13c 1,000 9c Sep 24c July 7c 7c 2,000 7c Sep 15c Jun Jun Jun 1.37 Nov Oil Co Ltd * * _ 4 - __ -- Range Jan 4.75 July for Week of Prices Shares Par Abltibi Power & Paper S1.50 Low 18 20 $2.50 preferred _ - Ranre Sine* Jannary High Low High • common- preferred Acadia-Atlantic class 20 _ 21% -- 38 18% 615 14% May 21% 4,825 39 75 17% May 36% July 21% 22 Feb Feb 43% Jun • A Acme Gas Akaltcho & Oil 20 20 25 101 101 25 6%c 6%c 500 5%c May 1.00 1.00 400 90r Aug 12c 15c 44,900 10c Oct 32c Feb 52 s _ __ _ Yellowknife i Alger Gold Mines Aluminium 1 -- • common Ltd • common Aluminum of Canada Amalgamated 4% Larder pfd— Mines 55 2,155 21 Jan 59 Va Nov 110 188 Mar 210 American Yellowknife 1 210 25% 100 — — 19% 100 Oct Nov 25% 345 41c 50c 22,300 33% Mar 107 Feb 11c Jun I 50 Jan 9%c 27% Feb 1.90 Jan 19c Mar 10c 4 500 7%c Oct 1.45 1.55 1,500 »7r 8.25 1,190 1 85c 92c 46,900 6c 6c 1,000 7c 7c 7c 21,000 36c 35c 36c 7,000 _ • Oct Oct Nov 8.25 — • _ 220 25 32c -1 __ Anglo Canadian Oil Anglo Rouyn Mines Ansley Gold Apex Cons Resources Aquarius Porcupine — __ - - _ Argus Corp Armistice Ashdown • 1 • common Jan 1.90 July Nov 9.65 60c Aug 1.30 8.25 Sep Feb 4c Nov 12c 6%C Jan 14c 8ep 35c Nov 70c Feb Feb Ashley Gold Astoria 7% 7% 725 42c 45c 11,600 14 100 17c 21c 373,100 6c May 12c _ 43c 17c A 11c 14c 6.400 8c Mav 10c 12c 15,500 10c Nov 38c Feb 12% 12% 2,645 9 Aug 13 Nov Feb „ Quebec Athona class 7'A 14 1 — Hardware Mines Mining Atlas Steel 1 - — 6% May 41c 13 May Apr 9% Feb 1.03 Jan 15% Jan 27c Sep 10 %c •Tan • _ 12% __ Yellowknife 1 16c 16C 1,000 1 _ Aubelle Mines Ltd Aumaque Gold Mines Aunor 14c 15 %c 18,500 54c Nov 1 - 28c 30c 8,500 4.15 4.40 2,500 5 'A 5'/4 5'/4 100 23 %c common— * 28c 4.25 — Gold Electric 34c 4,400 9c 9c 5,246 27 % 28 600 Bagamac Mines Bankfield Consolidated Bank of Bank of Bank of — Nova 28 Scotia Toronto 38 % __ _ Base Metals Mining Bathurst Power class 11c May 35c 8%c Jun 39o Feb 20c Jun 76C Jan Telephone of Mar 20c 3,000 15c Apr 28c Feb 2,700 10c Oct 44c Feb Bevcourt 500 9c Aug 52c Jan Bidgood Kirkland Gold Berens & Sons A Mar Sep 19c Jan Oct 28 Va Nov 40 Jani 33 Jun He 11,500 22% 69 50c 53,100 39 39 50 36c 44 %c 43,660 170 166 170 1,599 70c 70c 700 20 18% 20 90 7%C Jan 23e 19 Jun 23 H Nov 91c Va 36 Aug 42 26%C May 165 Oct Oct •Tfltl 44c 89c 191 Jun Feb Mar ium Sep Feb 60c Oct 91c Jan 17% Jan 20% Sep 1 _ 35c Ausr 35 -—100 Gold Sep 8c 295 43C _ Apr 5% 16C 430 46c 1 class 6 20 25% 37% 1 River Bertram Jun 38% 22% • Canada- 15c 20c 4% 37% lO'/aC 1 Yellowknife 3.90 Mav 38 % _10 • Exploration & Radium Beatty Bros Beaulieu - » A Bear Bell 1 Montreal 14c 9c 2 94 Sales Last 17c 9c Week's Friday Sale Price STOCKS— 13c 13 %c 1,500 100 Jan Jan 7% 85c 1 • Sep May Mining Stocks— 1 5c Stocks— Home Auto 1 1,000 52c __ Pacalta Oils Co Ltd Atlas • 6c Aug Oct 18% Ltd 6c 14% Mar 22 21% 12% May 29% * Mines Ltd 1.20 Nov 10% 12 38c Ashley Gold Mining Sep Oct Jan 29% -1 Jan 66% 101 56 Oct 4 _ 4.80 Mar 6,000 14% July Nov 24 117 100 Nov 200 1.10 50c Oct 9% • Ltd 2.15 59% 6C __ 17 • 9,200 59 1.07 __ 50c Anglo-Huronian 14% • Feb • Mine* Nov 52% 52% 6 United Distillers of Canada Ltd United Securities Ltd Westeel Products Ltd 3.55 1.35 Aug Canadian Fund* Jan 150 Rands Service Stores Reliance Grain Co Ltd Class B 1,200 Oct 9 100 A Feb 1.70 Jun Feb Jan 731 Corp class A 22c 1.60 -- Canada Pr 6% pfd_ Southmont Invest Co Ltd I United Amusement 1614 Jun 15 Mar 12% • Aug Jan 7%c 19% 8 10% 4 7.40 13% 1.60 Preferred Industries Ltd 3:55 May 400 4,500 Toronto Stock Exchange 25 12% • Jan Nov 1 Oct 5 10% 18% 90c 16% Feb 9c Jun 20 12% • Mav 13 15% 2.40 1 Wright Hargreaves Mines Ltd-_ Oil Sep 8c Nov 8% 10% 6c 19% 27% 16% For footnotes see page 42. 6c Jan Nov Nov 8% 16 _ Feb 6c 47% 113 27% 10% Ltd 28c 18c 45c 14 9.50 May — 44% • Mines May 1.99 May 40c Feb lS^Jan 23% • _ 10c May Jan 22% 78 _ 634 80c Nov 23% 265 Ltd- 15c 1 Omnitrans Exploration 3% 505 Cheskirk Amulet 2% 24 Mines 12c • 2% 13% _ 15c 1 Ltd Ltd Ltd.. 75% __ 750 Vinray Malartle Oil 13 Ltd 11%C 12 %c 1 Algoma Steel Candego Gold Mines Cartler-Malartic Gold Mines Ltd ll%c 1 Gaspe Oil Ventures Ltd 9% Southern Feb Oct __1 _ - Dalhousie 100 Ltd _ Mining Jun Oct May pfd— 100 9%c May May Sullivan cons Mines Ltd Jan 8% May 25 May • Nov 4%C 7c 5 Ltd. 12 7% Century Mining Corp Ltd Mines 30 4 Mines Gold 10 74 Centremaque Gold Standard 100 20 Mines Ltd Ltd 25 42 Paul Service Stores Ltd Feb 15c _1 _ Mines Mines 1944 10% 23% Manitoba Stadacona 25 13 Central Soma-Duvernay Gold 10% 100 Orange Crush Ltd Jan 92c Jan 159 Ltd Sep 16c Aug 18c 1 _ Nov 1,205 common 56c May 200 1 27 42 % May 41% 103 10 Feb 6c 19c 8,900 6.30 Ltd Mines Mines 14% May Apr Apr 19 I 25c 4,000 6.25 ... 9,327 36% 36 100 • 4,000 22c Feb 8 % 48 35 100 • 2.60 Aug 32c 14% Silver Miller Mines V* Juty 12c 12 %c 22c 1 Mines Siscoe Gold Mines Ltd CO 2bu 30c 1 Ltd 26 23% Anglo-Rouyn Mines Mines 25 • Gold Santiago Gold 15 5 Arno Red Crest Nov 12 Feb 12,000 Nov 19% pfd _ 2,200 Ltd___l Quebec Manganese— Quebec Yellowknife Go'd Mines Nov Nov • common Co Ltd 21% 8 58 Export class A __ 16,500 1.05 1 Mining Co Ltd 11% May 10 Ltd Mines Cadallic Gold Gold 21 32 14% class 6 %c Oct Aug 4 preferred Mines Gold Pandora Pitt 4% Mar 6 Paper Co Corporation Ltd Mount Royal Hotel Co Ltd Mount Royal Rice Mills Ltd Alta O'Brien Jan Jan 100 Minnesota & Ontario Hotel Oct 57% Can red 6c 1.35 1 Mines 12% l Corporations Marlon Gold Waite Moore Windsor Jan 56 * Quebec Pulp & Paper 7% 6%c Feb Feb 15% July 7% 5% com Maritime Teleg & Tel common McColl-Frontenac Oil 4% pfd United Jan 6 OIrss Russell 15% 57 50 Enterprises 17,100 July 1 _ 12% 1 Lowney Co Ltd (Walter M) MacLaren Power & Paper Nuclear 1,000 23c Jan 72c 31c __ Louvre Mines Ltd 95 10 Ltd 7c 20c 4 b5 5 ___ 676 • Distilleries 7c 21c Sep VlHt 1 _ 41% 0 Co Ltd 33c l 39% Prod Milling 1.15 30c 1 Ltd Consol ^Homestead preferred Maple Leaf 1.04 30c 14 28c l 10% Paper R) 1,500 18% 99c Mines Ltd 39 100 • 5'y 75c 175 99C __ 12% Ltd of 75c __ 25 Ltd 75c 1.08 1 _ _ 41% Co Ltd Ltd Mclntyre-Porcupine Mines Cons Dredging Steeloy 32 42 Shops Co 1,000 • Ltd Ltd Sherrltt-Gordon 21 32 Co_ 47 140 Apr 17% Worsteds Rubber Paper (H 3% 11 (Alfred) Inc MacMillan Apr May 100 International Paints conv Nov 30c 49 20% 70c 3% Nov 21 preferred Foundation Nov I Paper Dauch 38 25 13 70c 155 2Vi Aug 135 60 Ltd Corp Ltd Insurance Hendershot Jan 15 60c preferred Lakes Mines Mines Macdonald Mines Ltd New 3% 4% Companies Melchers 40 Apr Mar 20% class 3.45 1 Ltd Lmgslde GolQ Mine* Louvicourt Goldfields New 25 135 common Limited Sec Mines Nechi 135 common— of Canada 3.35 — Gold Mining & Explor Lake Shore Mines Ltd Oct 26 50 8% Candy Jan 3.35 1 Labrador Apr 83 149 3% Feb Feb 185 30% 3% 4% 36% 25% • pfd l.bO July 1 Ltd Mines 30% 25 1 7% Alip 12c 1 Gold Mines Ltd- Feb 145 70c Power Nov 74c 1,000 Jan 30% 9 Products 25% 1,500 15c 1 Kerr Addison 2% 149 8 & Jan 1.05 15c 1 Ltd Mines Lake 3% 30% com— Jack 1.75 May 25% 2 & Linoleum Square Corp 23 1.03 ... Hollinger Consolidated Gold— Hudson-Rand Gold Mines Ltd 1.75 May * • Oilcloth 23 1.05 1 Feb 180 Limitee class A Woollens Jan 1 Joliet-Quebec 15% 180 • Fleet Mfg <fe Aircraft Lambert 15 38% Jan 23% 2 Steel Hinde & 38% 1 Works Jan 39c - Gold Lake Goldvue 180 23% • 4 Lithograph Mfg Co Ltd- Engineering c May Jan 100 Kootenay Class Goldora Jun Donnacona Paper Co Ltd Halifax Nov Nov 109 B Goodyear 7 113 687 100 David & Frere Frawr God's 110 111% 3S'% Ltd Ltd Mines Goldbeam 23% May common Mills Nov 19c • Mines Lake Oct 63 67 100 Textile 10c 4,650' Feb Nov 111% preferred Red 2% May May 8% 80 Nov Crain Ltd (R L) Cub Aircraft Corp Ltd 6% 5 43 137/s Consolidated 6% 3 85 preferred Consolidated Inv 5 78 6% 19% consolidated Paper Corp Ltd Great 5 77 6% 49 Ltd Preferred Foreign Jan Found 125 Common 6% 5 Feb 25 8,000 Mines Ltd Gold Fontana 50 common Claude Neon General Adv Sol Feb 49 Company Commercial Alcohols Ltd El Oct i High 60c 11c Formaque Gold Mines Ltd 6% Lov 14%C Oct Jun 50 • preferred Fanny 3.00 Gold 15 390 Canadian Western Lumber Co Canadian Westinghouse Co Dominion Oct 17 * Vickers Ltd Dominion 1.00 12% Mar 27 100 preferred Fairchild 15 Apr * Canadian East 5,300 19% Power & Paper Inv com Silk Products class A Eastern 1.15 14% Oct 100 Canadian [Dominion Apr 1.05 56;920 25c Mines Eidona 14% 24c 22c 10c 1 _ Elder Mines Ltd 19% Ltd Co Sullivan Feb 168% Feb 108 A Trust hImsi Nov 150 5 21c Banff* Since January High 20 %c Ltd 160 4 173 Low 10c 1 Ltd Mines 177 150 173 7% 19% common Invest Limited Mines Nov 150 15 % * class preferred Canadian Ingersol Rand Inter Dome Donalda Jun • 7% Dominion Nov 100 Canada Northern Power 7% Shares 20 %c Mining Co Ltd 5 22 1 Preferred Class 103 865 B—* Canada & Dominion Sugar Canada Malting Co Ltd 5% 6% 518 Packers Chatco-Steel 6% 16% common 7% Cournor 11 % Mar 23% Pulp & Paper com—• Cassidy's i 13 16 Columbia 7% Aug 23 Company for Week High Jan 8 9% 16 Columbia Canadian 2,225 23 Brown Canadian 50 12% • British Canadian 9% 12% 5 Ltd Co British Canada Lout 9% 12% Bang* Sinoe January High Duvay Gold Mines Ltd Power & & Low Ltd. Limited. Belding-Corticelli Belding-Corticelli Sharaa Consol Central Cadillac Gold Mines—1 Cortez Exploration* Ltd 1 far Week of Prices Sal* Prleo Par Sales Ranf* Sales Range of Prices Par Friday Week'# Last Sale Price •TOURS— Canadian Fonda 51c 50c 51c 16,600 50c Nov I 22c 22c 22 %c 18,200 16c Mar 1.35 31c Feb Aug Volume 166 Number 4651 THE COMMERCIAL & FINANCIAL CHRONICLE CANADIAN RANGE FOR Friday Week's Hoojo Mines Bonetal Ltd __ 15c 1 27c Gold — Boycoh Low __1 - Pershing 6c Red com__* American Electric Columbia Forest Columbia pfd class A_ Power class A B * Oil. 21V4 Oct 130 97% Nov 103% Sep 3Va May 4Va Feb 27 Jan 13%-Oct 5% 13,286 10 1.10 22,800 2.74 1,500 23c 8,800 Nov July 14c Nov 99 Oct 2V\ Nov 30c 100 common 14 Mar 10 »/2 100 1.80 2,800 Denison Nickel Mines 1 8c 9c 9,100 8c July 26c Feb Detta 1 54c 60c 15,000 36c May 85c Feb 75c Sep Red Lake Dickenson Lake Mines Rea 1 Diversified Dome Ltd 1,500 30c May 1.10 9,550 87c May 65c 72c 25,300 44c Aug 2 Mining— Mines Dominion 60c 1.07 1 Distillers Seagrams common 55c 1 Lake Discovery Yellowknife 20'/« 21 5,415 1.14 22,000 • 1.03 BOc 2.50 Apr Nov 1.55 4.75 50c Feb 70c Aug 930 18 Jan 25 Va Sep 240 25 Apr 29% Jan 18 % 18% 9% 9% 8 Sep 11 Feb 28 28 Nov 33 Apr 29% 29% 27 May & Steel 8 Invest 23 3% 3% 3 44 40 Aug -50 Dominion Steel Dominion Stores Dom Tar & Coal & class Feb Feb 4% Feb 18 19 2,980 12% May 19 Nov | 27 335 20 May 277/a Nov i 26 145 24 Jun 22 22% 255 22 Nov 30% July 26% May 25% 25% 25 25% Nov 30 July 12% 127/a 200 11 May 15 Feb ! I j 1.03 1.09 28,500 64c May Jan 1 19c 24 %c 56,200 24,000 17c May 83c 60c Oct 11c July 30 22 July 30 Nov 12 May 19 Va Nov 8% 8 9 Sep Dulama 13c 12c Aug 33c Feb 76c 29 V8 29 July 32 13c Jan Duquesne Mining Co Duvay Gold Mines 15c 22,800 13% 12% East 33c 40c 5,000 6c 6%c 6,000 5c Jan 22c 23c 1,500 22c Nov 2.65 7 % 1.70 Oct Jan 6,000 5%c Sep 38c 1,700 24c 3.30 4,900 5 100 5 100 65 100 c 18% 16% May 2. <U July ctfs Woollens Ponalda Mines East Crest Mines 17%c 73c July Jan 3.50 Feb East 6% Jun Eastern - Oil - Feb Jan Ltd Mines East Leduc Nov 2.30 trust Amphl Nov 105 East Malartic Mines 1.90 Investment 31% July Jan 10 50 250 48% Nov 62 Feb 12% 13% 1,885 8% Jun 13% Nov 38% 100 36 Va July 40 Jan Equitable 17 205 16 Sep 18 Apr Eureka 200 200 5 188 Mar 200 12% Sep 17 Feb 41% 40 Oct 49 % Mar 24% 24% 24% Nov 25 Oct 24% B_ 24 % Famous Players Fanny Farmer Candy Shops Federal Grain preferred 19 Apr 25.; Nov Federal 10 8% 7%! Aug 23% 22 Va Sep 26% May 740 20 Jun 26 A Gold 26% 260 25 Sep 29% Jan 21 515 20 Oct 26 Jan 13% May 11 % 23% Nov Ford of Machine industry class Alconol A com Locomotive May 15 Feb Freiman Sep 19 Va Feb Prooisher May 67% Feb Gatineau 3714 37 Nov 43 Feb 5% 25 18 May 30 Feb 5%% May 15% Jan 47 1 15 Canadian Malartic 47 10 15 170 15% 16 2,335 28% 16 Jan 19 Oct 40 Sep 21 Jan 1.36 Feb 92,500 28c May 35c 15,400 20c Apr 20 20 16 12 10 12 4.15 5,626 4.60 1,750 18 18% 250 16 Sep Aug 19% Feb 50 51 175 48 Oct 67 Jan 10 95 Oct 134 May 100 % 100 % 6%c 2.60 Aug 60c Sep % Oct 25% Jan Oct 14 % Jan 1.96 July 3.90 4.70 Oct 5.50 Feb 11c Feb May Aug 5 Feb 4 _ May 2 3,000- 5c 2 common class 28% 40 J1 Apr 5 Apr Prod General 47 Nov 52 Oct Giant Gillies Glenora 85c preferred Mfg Yellowknife Oct 92 2.55 825 20 4 Va General Steel Wares Sep 10 I 81/4 Nov __ Feb Nov 100 May 2.05 May 3.25 Jan 20 Aug Apr 111V2 May Nov 109% Apr 111% Sep 3% Jun 5 % Jan July 101% Nov 14% Aug 101% 101% 18j/4 Feb 100 17 6.20 Mines- Nov 38c 109 4'/« 16% common. Gold 4 Nov 25 56% 16% 109 109 % Bakeries 17% 92 110% 110% General 37% Jan May 20 preferred Feb Nov 19% 12c 47% May 2.50 preferred Jan Aug 700 5,000 10 common 20 % Mav 23 16c 56% 92 Exploration 100 15 22 % preferred Nov 11 A 13c Jun 22% — 56% Power 6.60 6,434 5.40 May 7.15 Mar Jan 15% Lake 98c 6,275 • 14% 15 495 preferred 100 98% 98% preferred 10 98% Nov 100 106 97 70 97 Nov 99 May 10c July 23c Sep 11,000 3c July 9c Feb 48c 57c 22,400 42c 71c Aug 97c 1.07 25,950 57c Jan 17c 17c 2,200 16c July 22c Feb 17 %c 18 %c Oil Lake 29,300 c 2,500 11c July 32c Aug Jan 3 %c 3 % Sep Feb 97 17c 18 %c Gold Globe * Feb 4.75 4.50 Gold (A 16 1 9 2.45 11% Jan 1.19 . Cos 10 A—* Nov Aug 6c 16 Ice 19 Nickel 91 A Jan July 23c 3.95 Canada Francoeur 55 Preferred class 57c 12 %c 12 Fleet Mfg & Aircraft Fleury-Bissell common 16% common Securities 28 %c Sep 60c Ins Products 61% A Gen Jan 17,500 Kirkland 25 Dredge 29c 105 80c 1.02 Mines Corp 37 Canadian Food Products 74c Life 60 common a Bldona Gold Mines 16 Celanese Preferred class Mines Fraser Canadian Car common 371/2 July .Jun 1.58 Jan 13 preferred 21 2,711 21 25% ! 2.185 24 20% _ 23% 23 % 20% preferred Paper Elder Fibre Brewerle* Canadian Canners common 50 39 19% 90c Mar Eady Jan Falconbrldge 8% Commerce 8% May 1.62 Sep 14% 41% pref 2.70 May 460 English Electric class A. 14 of Nov 7% 38% Lines Bank 28 1,140 17 Varnish 23% 135 8% El Sol 12% A 1.50 May 4,550 19 16% May 28% 48% Power 11,200 3.50 10% 39 — 100 28 8% class 2.05 10 Steel Economic 26'/ac Mar 3.35 Sullivan Mines Apr Jan Canadian Oil Canadian Cos common Tire Railway Corp 13 Wallpaper Canadian Wirebound class A class 6c 6c 5,000 47/8c July 23c 1 Golden Manltou 16c 18c 4,600 13c Aug 50c Jan 2.00 2.10 2,700 Oct 3.30 Jan Mines Nov 23 Nov 26% Apr 2.00 May 1.10 May 3.05 Nov 1.45 Mar Goodfish Mining 1.23 2.20 Jan Goodyear 50c Nov 30c Sep Gordon Mackay class A Class B 9 1,100 154,850 13c 11,000 15c 8% 9 270 8% 9% 200 7 Oct Goldhawk Porcupine 49c 3,100 30c 8%c 9c 3.900 8%c 3.00 3.05 700 33c 37 %c July Aug Nov Sep 11% Jan May 79%c Jan Sep 33c Jan Grafton Co & 2.60 May 4.30 Class class A 2.20 38,500 4VsC Nov 14%c Feb Great West 2.71 4,000 2.10 May 3.45 7c 11% 65 31c 3,000 7c 9c 34,500 6% 110 909 Consolidated Beattie Mines 2 Consolidated Central Cadillac 11 30c Sep May 7c Nov 6 Oct 1.10 May 18 18 16% Oct 95c 31,500 65c Jan 24c 2,500 18c Oct 11 %c 14c 3,500 11 %c Nov 93 95% 1,444 11% 11% 100 100 154 155 142 • 22c • — Gas Cpnwest Exploration Corrugated Paper Box common Mills Mines 5 9 ) 94% , 75 Gold page 42. 52 % 165 52 10% 107/b 125 24 40 20 20 37/ec Nov July Oct 46c 11c 113 55% Sep Feb Jan Jan 10% Oct 12 24 Nov 29% Mar 19 % May 21% Sep Feb 14c 1,000 10 %c May 19 19% 3,455 13 % May 19% Nov 44% 45 538 44 Sep 47% 10% 10% 10 Nov 11 Oct 6 Va May 10 Jun Feb Feb 1.31 1.60 27,480 9 22 22 250 9 26 26 common Guayana Gypsum. Lime & Alabastine 35c Jan 7% Jan Hamilton 10 147 Oct 17c July Jun 21 1,20 Feb Harding Harker Carpets 20c 3,100 Nov 8% May 4 93c 1.00 500 90c 15% 15% 320 13 5%c 500 4c 5,000 7% 161 34c 37c Jun Nov May 4%c Jun 10% May 13 Sep -5% Mar 1.00 Nov 16% Jan 10c 2c May Jan 6 May 33c Oct 11% 9% May 14c 9%c May 4%c Mar 9% Feb 65c Jan 12 Apr 18c Apr 21 %c Feb 7%c 10c 7,000 7c 1.00 1.03 3,148 75c Aug 8c 9c 2,000 7c May 15c Feb 13c 16 %c 13 27,100 9c Oct 35c Feb May Apr Jan Hedley 1.90 Nov Hendershot 24% Mar Preferred 45 12c 43c 1.50 Jan Mascot Heva Gold com Mines Highland-Bell Highridge Mining Highwood Sarcee Hinde & Aug 1.40 Feb Jan Dauch 4,300 14% 120 10 Aug 15 97 10 97 Mar 99 Sep 35,150 24c July 97c Feb 27c 30 %c . - 1.08 14% 97 Jan Feb 95c 1.45 1.02 Paper Jan Mar • Gold 174% May 39% May July Mines Headway Red Lake 55c 16c Gold Hasaga Gold Oct 24c 69r 5 14c Nov 30% 125 12% 4% 10% Gold Aug Nov 1,100 Mines. 34c 26 6.375 12% 7% Gold 97% Jan %c 9 7% Feb Oct 99c 8 3c Bridge Rock Nov 61c 16% 42% 6 % Jan 82c 99c % 7% 5%c Halliwell Gold 1.56 6 9 Saddlery 9 9 common Wire Harricana 78% May 11% Nov 42% Coal 15 51c Heath 30c 32 croinpr Pershing Mines— Jan Hard 90c 1 Oil 95 24 * Halcrow Swayze 1.23 92c 61c Greening 6% A_ May 35 Feb 1.20 Smelting 17c 4,000 A Preferred 5%c Apr * ik 14,400 4c 103 14c Felt Jan • see West Aug 75c Bakeries Patricia Great 21c Coniaurum Mines class 33c 37/bC 107/a . Coal 390 Consolidated Mining West 14,000 1 Homestead 30 %c Jan 1.25 11% Press Jan Sep 100 Paper common preferred 2.60 Gold.. Consolidated 74c 20c Great Lakes 4%c . Consolidated Aug May 33c Great 1 8c 7c Tire common Grandoro Mines 45c Yellowknife 12,000 21,500 3 %c Mines 15c 14c Mines Goldvue 12c 10c 52 % Goldora Preferred . 2.00 NoV 3.00 21c 9c 1.98 Mar 1 Mines 19% * Willans For footnotes Arrow 23% 30c Nest Mines Golden 60 50c __ Imperial Eagle 1 55 8% Wines National Orowshore May Gold 25 17c Lake Crestaurum Oct 36c Cockshutt Plow Cosmos. Goldcrest 20 1.00 Consumers 105 1,733 25 Malartic Consolidated May 101 11,850 Chromium Cochenour Feb Gold Mines Nov 1.30 Chimo Gold Mines Colomac 5 15% 29 1.65 Research Cltralam Goldale Sep -1 Chestervllle Mines God's Feb 11% May -1 Steel Mines Nov 26% 1.51 Porcupine Centremaque Gold Conduits 20 1.25 Central Chemical 2,268 102 2.94 Central Patricia Gold Mines. Cheskirk 1.25 18% 25 Castie-Trethewey Chateau-Gai Sep 19% A— Cariboo Gold Chatco 13% 28% 102 100 13 28 % Utilities preferred Canadian 13 Gold Pacific Canadian Canadian 60 %c May i Jan 25 % B com -23.50 Gold 45 26% Chemical 19% Nov Jan 9% 27% Jun Dominion 33% Oct Jun 67/8 22 11 Apr 19% Nov Jun 43 common.. —1 8 23 Preferred Feb 13% May 12% 12% Nov 23 27% Magnesium Voting 1.40 221/2 common Dominion Foundry Jan Feb Feb 27% preferred Preferred 32 Va Jan Nov -* Jan 20c May 21 28 Coal Dairies Dominion Scottish Feb 29% 14 1.70 98c Feb 10 — Bank Dominion 48 %c 2.44 1.60 May May 18% Stone Wire & Cable class Canadian Bakeries —; Crow's Oct 10 1.72 Dominion Malting common Aug May 5 Canada Coin 10 Jun 1 Jun Aug 100 Preferred 4'/ Mar * Nov 27c 3.10 Canada Pennenant Mortgage 5'/r 31 8c 28 7c B miantun Oct Jan 20 34c Packers Canadian 27c 26 30 2.52 Lake... Northern Canadian Jan 35 29% preferred Flon Canada Canadian 3,000 271/4 13% Canada Canadian 13c 27 Preferred 2 Oct 12c * A B Dominion 29% 1 High 30c * class Dominion Oct 25% Aug 13c Malting Canadian LOW 9c 29% A 1st Red S 442,800 8 Crushed Class Apr 1,410 24 27c Range Since January High 22c Mines Dexter Red Nov Feb 6 Petroleum Low 24c 18% Cement Class 19% May Jan 14,300 1 29% preferred Conv 29 17 13% 21c Preferred 1st Nov 32c 95c Oils w«u«,uian 26% D'Aragon Mines Apr 24 2.55 Canada Bread common Canadian 14% Feb 35c * 1 Mines A Flin Canada Jan Shares 12 Linen S 11 Nov 24 preferred Canada Jan 15% 33c Calgary <fe Edmonton Campbell 3% 7%c 98 4% Oct 100 105 Calder-Bousquet Class 23% 1.00 2,500 19,700 1 class Co class Canada 4,760 u 8%c 5c 10 • B Canada 20% 340 Burlington Steel Canada 19% 6 Building Products 4%'' 300 10o Mills Suffalo Red Lake uffalo Ankerite Calmont Class Delnite • 9 Callinan Jan 10 13% 1 Silk 2nd 17c 13 Va Mar 100 Buuadisun lioia Caldwell Aug May 145 3% Bruck & Davis, Leather 13 97 % Broulan Porcupine Class Da vies Feb * Dominion Burrard feo 44c 26% 22% * British'Rubber preferred Burns Jut Nov 1,010 • Packers Columbia British Jan 26c b, 100 100 B Class 14c 4,000 1.10 JLo -* Columbia British 3,200 11% 8%c -1 Oil Hrnicsn Class 20 -5 : British British Oct 7%c (or Week ef Prices Par 16% 13 Lake High Oct 6c Bales Range Sale Price STOCKS— 10 26% Preferred British 15c '15 Vac 27c 29c 20 1,05 Brand & Millen class A Brantford Cordage common Brewis Low 12 Week's Friday Last Range Slnee January 1 High 12 11 Va Bralorrie Mines Ltd Brazilian Traction Light & Pwr Brewer& Distillers * 3K for Week Shares 39 MARKETS NOVEMRER . Range of Prices Par Blue Ribbon Corp common.. ENDING Sales Last Sale Price STOCKS— LISTED WEEK (2243) Oct Mar 60c 62c 2,000 46c Aug 89c 7%c 8%c 2,000 7c Nov 18c Jan 9%c 10c 1,500 7c Nov 18c July 19 19% 120 Oct 23% 17 Feb s 40 (2244) THE COMMERCIAL & LISTED CANADIAN RANGE Friday Week's Range Home 5 m Oil Homer Yellowknife Hosco Gold Howard Mines Smith Howey Gold Hudson Hugh _ Huron Shares _1 * _ 1 — A .... — 4.40 4.25 4.45 8,010 8 %c 8c 9c 4,500 6%c Aug 15c 47,900 24 %c Aug 65c Nov 45c 44c 49 49 50 30c 30c 32c 3,300 44% 43 44 % 722 3%c 4c 1,500 3 %c • 11% 51c common... __ ___ 11% 115 Bank Oil 100 110 110 47 21 21% 26 10 26% 14% 14 Preferred 26 % 2.75 Jan Nov 49 13'/a Nov 4.80 July Marlon New Gold Int'l Metal class International International Nickel International 115 Oct 22 Mar Normetal Jason 15% July Norseman 15% Mar Northern Canada Mines 6% Nov 8% Mar Nov 8c 8c 3,500 6% Aug 24 Feb 9 70 8 Sep 10% Joliet Apr Ltd 11 38% North Alines Inca Kenville 26 Mar 33% 101 Nov 103% 33 34 3,570 32 Oct 37% 162 162 5 127a 13% 515 55c 68c 29,800 7c 7 %c 7,500 139% July 12% 35c Sep July 162 16% 16c 19c 12c 45c 90c 15c 59,920 14c July 55c 11,000 5c Nov 43c 4,500 33c July 60c 8,966 33c May 95c 11c 2,500 12c 24c 24 31 Lake 21c May 55c Shore Sep QOc Aug 50c 15% 45c 16% 18,700 ' 19%C 22 %c 5,045 21,450 1.94 2.00 16,320 22c 23c 7,000 24% 24% 205 6.00 6.85 584,580 7c 8c 326,500 4%c 5c 14,500 16c 17c 5,500 14% 15 2,718 Mines- 25c 12% Mar 46c Laura "U" Jan 2.30 32c Secord Leduc-West 23 Jtfiy 3.40 May Macfie Jan 1.25 7/20 410 5.70 Feb 7.75 MacMillan Class 81c 20 % 68 19 Sep 22 7c 7c 500 6c Oct 13c 1.08 43,600 81c July 2.26 Jan 73c 88c 67,600 45c May 1.05 Nov 7c Petroleum Hershey Magnet 18,000 19c Nov 50c Tubes. 6%c 17% 120 3%c 3 %c 4,000 48c 49c 8,000 39c 8c 12,500 Gold 7 9c 1 5 %c Maiartic Maple & Leaf Milling Gold • common McBrine McCabe 20 iLi preferred * class Grain 70c 18,400 63c 6,800 Sep 1.16 McColl-Frontenac Mclntyre Porcupine McKenzie McLellan Red com Premier Mines Jun Trust McMarmac Lake Preston Purdy East Dome 1.45 Mid-Continent Midland Milton & Renfrew 1.32 Mar Jun 33% .••Mining Corp Jun 31% Jan 1.58 1.75 15,000 25c 1,000 16c 9c 7.005 2.20 1.35 Aug May July 3.05 May 2.45 19,250 14c 16c 23,500 1.65 1.80 8,600 9% 10 456 9 % 5% 7 7% 26,865 3.25 3.60 13,815 30c 36c 5,500 2.01 2.15 14,150 2 %c 2 %c 1,000 14 14-% 920 2.15 11c Nov Aug 1.30 May Sep Sep 2.80 May 30c May 1.50 May 2c Oct 11 % May 6c 2,000 42c 14,418 9c 9c 1,500 8%c Nov 14% May Feb ; Moneta i'.t *.# • 3.60 Riverside Feb 39c Silk ■( j ( 4% Long Lac Mylamaque Mines 28c National Breweries Drug preferred National Grocers common Preferred 17% 1,060 27 27 % 620 18 4%c Aug 34c 18% 75 934 200 4.20 Mar 4.85 39c 2.25 Hosiery class A Negus Mines 1 For footnotes see page 42. 14c 147,300 2.53 2.65 4,395 4.10 7c 1.31 20 Feb May Feb 17C July 2.30 May 3.30 Feb 3.25 May 2,550 Jan 29c Nov May 4.40 May 3,000 16c Nov 45c Jun 113,900 27c May 55c Sep 43 42 "2 44% Nov 89c 1,530 800 14 45 61 13% 44 89c 13% __ 61 5 13(4 14 160 86c 33% Jan 1.67 May May 75c 11 Jun 49% Jan 15 Nov 66 9'% May Oct 14% Nov 2.25 2.18 2.25 5,850 8c 8%c 1,500 11% 12 105 11% Aug 51 51 52 145 51 Nov 55c 55c 500 50c Jun 1.15 Feb 7,600 60c July 1.20 Jan 2,858 64c May 1.20 Aug 2,105 13 % May 21 % Jan 10c Nov 80c Feb 8 Nov 10 Feb Nov 1.32 May 7c Nov 2.50 Jan 20c Sep 14 % May 82c 82c 1.01 1.00 15 % 90c 55 Jan A 11c 15 51,200 8% 200 12%c 5 %c 17,200 7c Jan 16c 17c 23c 5,600 17c Nov 47c 33 33 50 31 Nov 38 18'% 15 %c 14c 8 0 10c 1 class A * 0 Nov 12% 13 1,980 50 17% Aug 22% Mar 12'% 130 3,000 1 28c 28 c 32c 55,830 • 50c 42c 70c 48,800 24% 24% 595 22% Apr 25 Jan 16% 17 % 130 12% Nov 21 10 Jun 7% 4.00 Merger Oils Gold Mines Co Royal Bank 56c Sep Roybar Chibougamau "Rupununi Mines Russell Nov Industries Class A 14 May 12c Feb 25c. Nov 58c Feb 30c Aug St Lawrence 5 %c Feb San 18c 21% Jan 1.03 13c 7,000 10c Nov 45c Jun 25c 30c 11,000 25c Oct 38c 14% common. 10c 28c 14 11% Apr 15 Sep July 9% Jan 19 Nov 500 6 Antonio Gold River 17 17 100 50 Paper preferred 48 48 100 100 133 136 90 Gold— Mines Ltd 1 4.50 4.45 50% 32% May 117 2,400 Apr Oct Oct 140 5.10 3.25 May Nov Nov Sannorm 10%c July 1.15 5c 12 %c preferred Nov 12 %c Sarnia Bridge Apr Scarfe Ltd class A. . Shawinigan Water'& Power- Feb July 11 3,500 4,500 . — 6c Aug 16c May 30c Oct 400 11 May 14% Nov 16 Sep 16 16 150 66c 72c 25,200 20c Aug 16% Oct " Senator 32 14c 21c 14% Feb 20 12 %c 20c Mines Jan Oct Rouyn Ltcf 66c 31c 85c May Nov Jan Jan (1945) Mines Nov 13 Nov 54 Jan 68% Nov Sheep Creek Gold Bherrltt-Goraon Gold 94c Feb Sicks' c 3%c 3 %c 4,500 2c 31c 35c 5,530 30c 15c 17 %c 11,500 47 %c May May 21% 4%c Feb May 62c Feb 20c Feb Apr Nov Voting 1.15 19C 975 21% Aug 25% 455 48 Nov 50 Sep 14c Nov 43c Jan 4,000 Ltd 16% Oct Sliver 23% 2% 8,200 1.75 Oct 3% Jan 400 2.99 3.10 16,775 2.06 Jan 5.35 15% 16% 660 12% Apr 16% 144 14% 15% 1,100 May 15%. 8.80 8.80 9.00 265 97c 1.05 64,110 15 (Quebec) common 4 Silverwood 1.19 3.00 15 % 15 15 5 38% 38% 5 55c 493,900 60c Mines common trust ctfs Mines Sep 5%c Apr 14c 22 1.03 Silknit 16 48 14c Silanco 19 Breweries Sigma ll%c May 21 % 48 % Preferred 12% 905 6,300 2% Jan May 11 Nov July 2.60 15 -- Royalite Oil Nov 62 635 12'/a 10 Feb Jan 9 68c 17 Feb Mar Feb 17% 60 16% -- 8c 153/4 -- 1.00 May 12 1.65 8.75 Aug 97c . Nov 12% 10% Apr 38 Jan Feb Nov; < Feb 1.05 NOV: 19%, Feb.V', July 14 %c Jun Miller Mines B 54c class Dairies A. 46c 12% —1 1,246 11% -- 24 %c 373 ,59.%' :.N0V/ !{t:, Sep 11% May 6 % 13%,July, 3 Oct 12 Jan ■ 8.40 — 8.55 500 7.90 May 16% 17 80 15% May -46c 16:% 46c 600 43c 17. 17 465 15 Oct Sep 10.50 Jan 18 Jan 17 74 —, Simpson's Ltd class A Class 27 Siscoe Gold 50c 47c 50c 77 Nov Sladen Maiartic Mines 43c 43c 49c 14,500 1.37 74 76 442 65 May 26 325 25% Oct 100 14c 15c 5,100 12c Nov 25c Jan 29c 10,100 15c May 37c Jan 12 5 46 50 12 3s 340 15% 28% :• 16 635 27% 28% 110 11 9% ♦ 11 10%. 270 185 22 2.18 101 % 27% Aug 46 46 11% 15 27% 23 105 2.18 2.27 3,450 10 8% 22 24% 9,490 '26c * 22% Feb 14c -4 22'% 270 Feb 28c — 27 % 227/« B 26 7% 72c 25% Nov 48 Oct 14 Nov 19% Nov 30 May j I 22% 1 _1 10c 7'/»c Aug 8c Roxana Jan 27 60c Class B National Steel Car 14 11% 101 102 % 470 Jun 19% May 45 101 Nov 32% Jan 29 Jan 106 % Mar 43c . Nov 68c 36c Aug 68c Apf N0V%> '1 Springer Sturgeon Stadacona (1944) Preferred 1.49 3,700 91c May 70c 72c 2,083 50c May 73% 8% 310 7 May 97 100 95 96 Nov • 6 6% " Mines 20 20 65 19 Apr 23 0 5 5 100 5 Nov 8 __— 7% — 100 85c^ 5b^ z'5 1 ?9% JFebim JOS, Apiy-f Apr Jan Mar Standard Paving com Preferred Standard Radio class A National 29,800 8c 25 20 Nov 1 8,000 * 59c 18c (1936) Standard :Chemical com common July Roche Long Lac Jan 1 1 42c 0 16 • 16,030 54c ^ 7%c 25 Mosher National class Preferred Corp common preferred 50c Jan Robinson Cotton 7c 1 Jan 46c 86c 1 B 16 * 5%c Jan > Moore • Porcupine • Montreal Locomotive Aug 18c 73c Gold 16 * 2c _• Gold RIchmac ' 17 9% • Knitting 1.000 Jan 26% 2.40 Class ^-.•-•Monareh 2 %c 1 Textiles 7%c • 2%c Jan 10 Gold • Brick 12c 1 Quemont Mining * Grain 23 %c Nov 9c 1 Preferred Oil Pacific Nov Aug 5%c 800 _1 common Preferred Regcourt 28 3.30 — 2.20 1.18 May 1,500 4.500 Jan 160 3.05 15c Mills 13,505 6c 44c 1 Mines Sep 355 31 %c McWatters Gold Mercury Jan 40 Mica Nov 1.45 May 60 Gold. 10c 12 %c 1 28c 29 % 7,600 3 % Red 1.82 9c 500 100 34c 31 60c Lake Gold 1.73 4.05 Metals Nov 1.75 10c 12 % Feb 33% 5%c 15 1 Shawkey new Jun 1.21 July 27% July 18c « Sep May 1.65 9c __ 65c 95c __ Manitou 65c 27 Nov Jan 49 %c Rouyn Gold Quebec 10c — 460 15c 8c • Sep 18% 13 A 32% 5%c May 84c 16c i___ 55c 1,000 17 1,700 2.53 Gold 37c Preferred 2,500 15 Gold— Quebec 4,200 9c 15,500 95c __ 1 Feb May 5%c Martin-McNeely 7c 9c 87c Feb 23 Feb 2,500 14 17c Porcupine 4%c 13c Gold Massey-Harris 1 * 21% 25c __ 48c Gas 16% Aug 1.31 Alines Marcus 1 St Lawrence Corp common Eastern __ 1 & 2%c May 20c 32c Gold. 1.76 1 Corp Sand Maralgo J. Gold Oil Jan 1.27 3.35 Mines. 4 • Mines Maiartic 17c 4c 10 Maiartic Gold Fields Manitoba 32 3 Power Jan 2.07 Consolidated Lake 7c 8c 85c (Eastern) Powell Jan 22c 7% Red 25 %c July May May 19c 1.65 B May 97c Rouyn Maasen 7c 13 Jv 3.15 Export class A 2,200 2 Apr Jan 78c Powell River Nov 15c c 12c 13 14 Pickle Crow Gold Mines. Jan 2.40 19c 1.07 Piccadilly Jan 10c Mines. Oct 1 Mines Mines Nov 25c Gold 6c 1 Lake 16% 13% * Red Lake 18,600 Feb Reef 29 MacLeod-Cockshutt 11c Peninsular 30 % Mines 7c Feb Porcupine 4.50 B Macassa 7%c Nov 70c Pioneer 13c MacDonald Mines 3.35 July 2.90 Nov Porcupine Sep 1.63 1.77 Jan 1.80 May 17c Jan 1.30 ,1^ Jun 40c 15.800 Jan Sep Mines— 46c 4,100 20c 15c 20c Gold 3,323 73c 18c Queenston Gold Mines Yellowknife Gold 10,490 76c 70c 19c 33c 48c Louvicourt Goldfields 2.50 73c l Lake Apr 2.80 c 2.40 70c 18 %c Red Class Lynx Feb 6% Aug Sep 4c 25 Gold Lunward Jan 6 Sep 9c Reno Class 10c Jun 5'% 945 Pen-Rey Gold Mines Feb 3.900 1.65 Aug 3% 60 2,200 12%c Oct 17 Little Long Lac Gold Mines Ltd. Lohlaw Groceterias class A.___. 5c 930 6 14 Perron 7.50 Aug 61c 87c 65 % 5,000 4% 15c Oct 3%c Lingman Lake Gold Mines 6c 4% 75e l Paymaster Con3 Mines 26% Mar 3.30 Candy. Lencourt Gold Lexindin Apr 13'% 5c 6 %c Oil Jun 48c 10 %c Petrol 7c -Leitch Gold Mines, Ltd 85c Jan 2.40 Paramaque Oct 19c Lebel Oro Mines Nov 24c 6 Pamour Porcupine Mines Ltd Nov Apr 1.33 10c 83c 19% Mines— 53c 17,300 10%c Purity Flour Mills Larder 2,432 42c Jan May 7.15 _ 55c 38c * Parbec 17% Nov 14c 3.30 _ Feb 53 c 1 Partener 83c Lang & Sons Lapa Cadillac Lapaska Mines 16c Mar 3.30 Gold May Gold Pressed Lamaque Feb 7c Crush Page Nov 42c Oct Jan 44c 5c Pacalta Oils Oct 5c Lake Wasa Mining. La Luz Mines 8,200 Jan Oct * Pacific Jan 40c 16c Rowan 9c 10 %c -- 1 Osulake Jan 9 8c Gold Fortune Lake 13c 2.05 1 Gold Osisko Feb 100 6.50 Mining & Exploration. Laguerre Gold Mines 5,500 43, Nov 153,300 60c 24 % Labrador 16c Jan 9 Nov • Oils Pacific 6%c Aug 83c July Orange Jan 22c (John) 14c Jan Jan Orneada Jun 48c 1.97 — Mines Omnitrans Exploration Jan 25% 19 %c Lake Gold 2.10 54 1.32 May l Jan 60c 16 % Townsite 3 5,608 — * Omega Feb 38c 43 %c 43c Kirkland 4,000 53c 5 Okalta Nov 6%c Sep 25 % Kirkland (1940) common Jan 40c Kirkland Golden Gate. Labatt O'Brien Jan 11c Kerr-Addison Mines Preferred Aug 30 41c Gold 6,500 4c 9c I Ogama-Rockland 205 46c _ 1 0 Gold North Star Oil Feb 60c Gold 38c 1.55 Jan Nov 102 . Mines. Hill Lake Apr 30 '30% Mining Kelwren r 8 50 101% Kelvinator «1 '■ 100 30 9c Mines Kayrand Keno 9% 17c Quebec 35c 1.50 25% Nov Mines Joburke 35c 14c Jan 25% Jun Aug <tc Jan 7c Mines Jellicoe 25c 1.25 1.50 Mining Norplck Gold Mines Jan 60 61c ___— 42 Norgold Mines Orlac Jacknife Gold 1,642 Sep Jan 13% 162 5/10 49 % 48 % 12% 12% preferred 1,240 48 !a Norbenite Maiartic Mines 33% Uranium Jan Noranda Mines 102 Petroleum International Jan 13c 1.50 Jan 30 common Sep 17c Oct 1.40 13c 30 Co 70c May 5c Nov 650 A Nickel Nov 6c 2,500 3%c 9 % 10 19c 12,000 6c 5 7% _-2 Preferred 31,500 8'c Mines July Jan 23c Nipissing 19% July Jan Feb 9% 6c Feb 25% 8% preferred 65c Aug 7c 45% 7% 8c Bronze Alay 4 19c Jan 25% Ingersoll Machine class A Inglis (John) & Co International 12 %c 30c 3,000 8c 40 Northland Lake Indian July 19,500 5c * 790 14 4c 41c 20c Mines 4,949 15 13% 2,500 37 %c 1 Nicholson 10 l High 1 Yellowknife Feb 107% Low 7c 4 %c 47c 13% Range Since January High 7c 37 %c Gold. 30 14% Low 7c Gold Norzone Nib 52% Mar 25 '% £ New Newnorth Apr 170 Shares __1 __ May 29c 7% preferred Bidlamaque 25 26'/a for Week of Trices Par New Sep 9.50 May Range Sale Price High Low High 1,725 Sales Last 13% 100 Erie Imperial Tobacco of Canada ordinary4% Low Week's Friday 11% 11 % - paid Imperial Imperial . :>K STOCKS— Range Since January 1 11% -50 ------ — class & — -- Bay Alining & Smelting Ltd 20% 1 preferred _ Maiartic Hunts 1 -. MARKETS NOVEMBER ENDING Monday, December 1, 1947 for Week of Prices Par Hoiilnger Consolidated Gold Mines CHRONICLE Sales Last Sale Price STOCKS— WEEK FOR FINANCIAL 13 12% Apr 26% Feb Class 2.55 Mar Starratt 5% May 8 '' Feb r - Feb r Jan Jan Jan Sep 410 July 1.82 May Stanley Brock class B Olsen A 10 " * Gold 1 6 85c 6 85c 10 '% 6 91c 135 25 12,800 10 6 55c May Nov May 12 7% Apr Apr ' 1.06 Jan1 Volume 166 THE Number 4651 COMMERCIAL & CANADIAN RANGE Week's Friday Shares Steel Bros Co of Canada Low 14% High 17% Western Jan 77% 76% 77% 82 74% Oct 83 Jan Class 80 80 80 35 78 Sep 89% Jan Weston 12c 14c 2.25 3,000 3,369 10c Aug Grocers * __ 1 2.16 2.17 Stuart 1.75 11 25 21 21 2.65 1 Low 30% • common preferred River Gold 25c 50 1,500 4%c 4%c 1,000 47/bc 11 * ! — 1 Sudbury Contact 1 — 9 17c Mar 15% Jun 21 Mines l 2.00 2.00 2.06 5,418 Gold Winnipeg Electric Mar Sep 10c Jan 1.70 May 2.85 Preferred 18c 18c 1,000 18c 2.15 2.10 2.15 4,600 1.98 May 2.75 Jan * 68c 68c 73c 1.600 62c Oct 1.00 Feb * 26% 26 % 26 V2 50 51 31c (Alex Tambl.vn Ltd common Preferred Taylor : Pearson Teck-Hughes • * common Mines.! 645 26 Feb 28% 51 51 10 51 Nov 54 5 V2 -- 5% 25 3.810 5% Nov 10c 36 Jan 35 Oct 39% Mar 26 V* Sep 31 Nov 108 101 15 Feb Jan 10%c 7,200 7 %C May 20c Aug 10c lO'Ac 10c 3,000 9%c Nov 29c Jan & 9 Vac 10c 2^.500 19% 20 V2 3.598 96 97 110 130 130 130 100 125 Sep 2.96 2.96 3.10 7,021 21c 24c 1,700 7 Vac 8%c 5,500 17 845 10c * common 19 % 100 .. J) preferred. 100 ♦ 9 %c Nov 13% Jan 96 Oct 21c Apr Oct 21% 101 July Mar 130 2.70 May 3.50 Nov Mar Yellorex Ymir Taku River Gold _ Wright-Hargreaves Jan 18c 1 Nov 30 IOV4C I Wingait Oct 27c 50c Sylvanite Gold Mines 100 1 High Oct 33% Aug May Wcod Sullivan Cons Mines Surf Inlet Consol Gold 37 27% 101 101'/a Wiltsey-Coghlan Feb Low 100 27% r George) Range Since January High 35 Preferred 22%c Mar Jun 18 24c 100 Oil Sturgeon Shares 34 Va Winchester Larder Sterling Coal for Week 100 preferred A Sales Range of Price* Par 13% May 100 " Steeloy Mining Steep Rock Iron Mines Week's Last Sale Price STOCKS— 25 common. Preferred 28 ,e£> Range Since January 1 High Low 14% * 41 MARKETS NOVEMBER for Week of Prices Par Stedman ENDING (2245) Friday Range Sale Price - LISTED WEEK CHRONICLE Sales Last STOCKS— FOR FINANCIAL York 1 Mines Yankee 21c Girl Knitting * common 16 Va ___ 16 . 19c 30c 9c Nov 13% Oct Jun 19c May Mar 17 Nov Sep Aug 6% Jan 4.50 Nov 1.40 Jan 3 85 1-35 3.95 1.35 120 • 50c 47c 50c 5,200 35c May 62c Oct 1 19c 18c 21c 20,000 16c Nov 65c Feb Gold 1 73e 73c 73c 7 68c Nov Tombill Gold 4 15c 17c 3,500 15c Nov Toronto Elevators • 13 13 125 11 Sep Toronto General 172 172 3 170 Jan 180 Oct Texas Gold Canadian 1 Oil 3.85 5 Thompson-Lundmark Gold Mines — 3.20 May 1.35 Nov Toronto Stock Exchange-Curb Section Canadian Funds Thurbois Toburn Mines — __ 1.40 30c 13% Friday Feb STOCKS— Nov Sale Price Toronto Iron Class Works 100 0 common A Traders A class A 9% 25 8% Nov 12 10V4 75 S'/2 Oct 12% Feb 43 43 25 26"a July 43 21 !b 21% Andian National Jan 10V* — * rights O'/b __ * Finance Class __ 43 21 Vb 21% 25 70c 71c 23,500 165 165 33 8% 8% 5 Nov Brown Co Canada Tuckett Twin Tobacco City Resources • 100 165 * preferred 70c 8% common 58c 1.10 May Nov 165 6% 2.756 100 108 107 109 3 00 67 V2 May Dominion 1934 19% 20 330 19 V* Sugar * Canadian Fairbanks Morse * Industries * Canadian Nov 183 Mar 16 Feb Marconi Canadian Onion Gas Co Union Mining United • Corp class A 9'/a 1 12c * Class B * 9'/a 1,000 8% May 10% Feb Canadian 12cl2%c 6,000 8c 21c Jan Consolidated 9>/4 29'/a Fuel Class B United class A 50 25 preferred preferred Oils United 0 16 '/a 21 Feb Dalhousie Apr 50 Nov Dominion 8c __ 5% May 17 Dominion Glass 8%c Dominion Textile 6%c 1.000 Jan 21c Nov Jun • 8% 8% 8% 1,130 7% May 10 Feb Upper Canada Mines 1 2.45 2.45 2.55 2,484 2.00 May 2.85 Nov Ventures. • 7.25 7.25 7.70 2.445 7.25 Aug 12 2% 12c 12c 12c 10c Aug 22c Mar 6c Nov 18c Jan 2% 100 146 146 3% 3''2 __ Steel., Oil Aircraft preferred Aug 50 May 70 4,759 37'2c 36c 41c 9,108 Villbona Gold 1 Amulet * 4.60 4.55 4 25% 25»/„ * 15 Wekusko Consol 1 Westeel * r 4.65 Donnacona Paper Foothills Oil 8c0 6c __ 1.700 Walker (Hiram) Waterous 1,000 Minnesota Ltd (G class & W) ~ Jan Nov Jun 72c 20 25 13 V2 Jan 26 Mar 32 225 30 V* Nov 37 Feb 35% 35V* 100 35% Nov 38 Feb 108% 109 30 92 Jan 114 Nov 23 >2 __ 143-4 May 27 Nov A Products For footnotes see page & 4.20 May 4.95 2534 1,460 21% May 28%: 15 15 100 14 15 July 25c 25c 28c 14,500 Aug 50c Mar 29'/a 29 29 Va 675 Oct 30%: NOV Yukon Pend 20c 23% Pursuant to the 847 2.70 600 Jan 3.00 27 28% 395 20 Jun 30 Feb 61% 2,010 41 May 63 % Nov __ 61 60% • Paper 23% 23% * common Oreille 24 Southmount Investment * Petroleum 39c 39c 1,802 23c 25c 25c 1,000 22c Jan 8V2C 9c 4,800 6 l/n f Mav __ t 1 Consol 8V2c 1.00 1.05 1.00 thousands (In RATES CERTIFIED BY Monetary 3.40 Jan Jan 42c Oct 45c Jun 12c Jan 1.45 Sep Jun FEDERAL 21, 1947 RESERVE BANK TO NOVEMBER TO TREASURY 1947, TARIFF ACT OF 1930 Buying Rate for Cable Transfers in New York Value in United States Money Total gold ctf. for F. Nov. 24 0 I t Official .297733"' Free .251247* 3.212133 .297733* .251247* Closed Nov. 25 $ .297733* .251247* Nov. 26 21,343,138 reserves 21,263,912 3.212130 ,022793 .022807 Brazil, cruzeiro .054406 .054406 .054406 .054406 268,852 272,19f 198,820 282,72£ 1,442 1,063 629 862 12,669,278 12,900,924 7,243,405 7,215,905 7,331,0lj Notes 1,398,750 1,314,000 835,10^ 928,033 791,111 753,29( securities. 22,239,466 22,221,940 23,681,79-! securities. 22,615,307 22,423,064 23,965,58:! S. Closed Bonds Thanksgiving Day Total U. S. Govt, Total F. Free 1.000000 1.000000 .888515 .892421 .569800* .569800* .569800* .020060 .020060 .020060 .020060 Denmark, krone .208635 France (Metropolitan) franc India (British), rupee .208635 4.031171 4.031171 _ .008399 .008404 .008400 .008401 .301754 T&01754 ,301779 .301754 .205776 .205776 Closed Mexico, peso. Netherlands, guilder items .377619 .377646 .377719 Federal Reserve notes 54,02 47,492,174 45,104,37] 24,521,176 24,779,75'- U. S. 1.000000 1:000000 17,067,520 acct. 1,313,869 450,700 1,560,193 406,022 518,477 519,876 312,598 19,403,837 2,292,519 20,405 19,553,611 2,689,084 20,696 17,749,00j> 46,352.496 46.784,567 44,434,97:1 194.548 439,823 27,455 194,562 439,823 27,455 185,041. 48,023 45,767 98,58 ft 47,062,345 47,492,174 45,104,370 2,905 3.03. 6,31ft 7,467 Treasurer—gen. 17,120,791 7,545 8,620 - - .890000 3.225000 3.225000 .201595 .201595 .201595 Thanksgiving Day 1,891,250 14,960 .892500 3.225000 - 640,73ft 1.000000 .886250 16,131,041? 664,62| accti bank—reserve deposits Deferred availability items— Other liab., incl. accrued divs. 3.225000 Total Closed .201595 Portugal, esciido .040051 .040022 .040026 .040057 Spain, Peseta .091324 .091324 .091324 .091324 Sweden, krona .278264 .278264 .278264 .278264 .233628 .233628 .233628 .233628 4.007500 4.007500 4.007500 4.007500 Closed liabilities Capital Accounts— Capital paid in (Section 7) Surplus (Section 13b) Surplus Other capital accounts Total liabilities & cap. accts. Contingent purchased liability on for foreign Commitments to make indus- trial loans Controlled— .658300* .658300* .658300* .658300* Noncontrolled .562040* .562040* .562040* .562040* Ratio of serves, note 27,428 bills • Uruguay, peso- 358,355 cor¬ respondents 32,57$ 64,399 Deposits: Other .377719 Norway, krone Union of South Africa, pound. 33,235 47,062,345 - Foreign .890833 Switzerland, franc 2,341, 12h 24,635,735 assets Member Day 1.000000 New Zealand, pound 129,15« 3,307,253 Liabilities— Closed Thanksgiving Newfoundland, dollar— Free 95 131,364 33,201 banks— Total Official 101 95 125,712 2,611,422 other assets Total .205753 banks | 70,849 of premises Other ... 14,762,29^ .208604 4.031171 4.031445 England, pound sterling and foreign notes Bank .569800* Czechoslovakia, koruna loans from R. Uncollected .895078 Colombia, peso purchased securities: Govt, Bills Due 1.000000 780,44.?, 18,309,62( 4,721 advances loans Acceptances U. Canada, dollar— 1.000000 17,529,17^ 262.621 Industrial .251247* 3.212133 .022779 682,742 R. Certificates $ .297733* .022793 3.212133 Nov. 27 $ Belgian, franc 20,581,170 $ 370,491 and Discounts Nov. 22 1946 $ 682,968 fund 27j Nov. 1947 20,660,170 certificates Redemption Other cash Official Nov. 19, S Assets— INCLUSIVE UNDER Gold 27, Nov. 21 Australia, pound— dollars) 1947 Unit Argentina, peso— of Nov 26, Noon ■•(''. Oct Feb Sep Reserve Banks Combined We notes | 1.00 600 Nov Statement of Condition of the requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies daily NOVEMBER ! i 1.75 42. EXCHANGE and 24% 405 3,100 __ » Mining Jun 30 27 2.15 give below a record for the week just passed: Country 15% May 27 1,185 27 2.15 Oct Secretary of the Treasury the buying rate for cable transfers in the different countries of the world. FOREIGN 1.90 2.10 __ 1 Foreign Exchange Rates to the 2512 2.60 2.60 • common Ontario Tpmisknming Nov Feb 25 • * Paper Flour 2.557 Southwest I' 32c Mar 31 ■> ... * International Ogilvie Waite ' 2 Aug 20 __ * common Feb 21V2 45 21% 20 Oct 3% 14! 40 20 '/* 311 Jan 155 37 V4 45 9 Feb 3 Jun 2V2 20% * Jan 25 V* 130% Mar 10 May 39 2,450 • Hayes Steel Ltd Vicour Mines ! 1.75 Nov a Feb i Jan 3 '2 Jun 231 Oct 21 * Bridge 385 16 Va 30 * 31 42% 85 16 -- 15 235 __ 2 Paper Nov DeHavilland United 33 Nov 113 Nov 23'2 May 7% May 33 __ 100 Lumper Westinghouse 17% May 100 50 29 Vb 10 18 V4 48'2 __ 29 % 18 Va __ May preferred Western 3 23'a __ common 1 Wickers Canadian High 15 Jun 6% Feb 77/b May Low 8% 55 6% Canadian • Transcontinental ga4 Range Since January I High 953 9% l common & Shares Low * Preferred Nov for Week of Prices Par Trusts Sales Week's Range Last Jan gold certificate re¬ deposit and F. R. to liabilities combined-— - 48.5% 48.2 /o 43.1% 42 (2246) —. THE COMMjukCIAL & FINANCIAL CHRONICLE Monday, December 1, 1947 i OVER-THE-COUNTER MARKETS Quotations for Friday, November 28 Investing Companies Mutual Funds- Aeronautical Securities Affiliated Amerex Fund 1 Holding 4.93 5.42 VA Inc 3.89 4.26 10 Corp American Business Shares Par Loomis Sayles Mutual Fund ♦ Loomis Sayles Second Fund—10 Managed Funds— 3114 29% 1 Automobile 4.10 3.74 2 Fund Inc Axe-Houghton Fund B 7.41 15.18 9 Drug 47.84 48.82 General if and as issued) 102.80 Bonds— Bid Ask Stocks— Chicago Rock Island.Pacific¬ 3.74 4.12 3.95 4.36 ist 48 3.57 3.94 Conv Equipment shares,, Electrical 16.50 100.74 (When, Ask shares,, 4.31 4.13 Bid Chicago Rock Island Ask 4.75 4.55 Equipment shares 8.01 814 1 5 series A Axe-Houghton Bid shares Business Associated Standard Oilstocks Shares Reorganization Rails Aik Bid Par Industries shares Home Furnishings shares 4.24 1 5% 5% Non-Ferrous 3.66 4 434 Paper shares Petroleum shares— 4.35 4.30 7.24 7.93 1 5% preferred 27 59 60 Bid Ask 100 4.85 10c 82% 26 4.74 4.40 81 As Pacific Common 4.80 Steel 2019 102% 4.04 1 4%a— Income 100% 4.67 Beneficial Corp Blair & Co 1994 - Inv Bond Broad * 93.49 97.39 5 19.66 21.25 8.22 8.23 Inc—5 16.72 18.08 Inc Inc Green Fund Bowling 10c of America—. Tr Boston Fund Invest Street Co Bullock Fund Ltd—, 1 16.97 •I8.0U ;—1 3.85 5.05 Century Shares Trust, * 28.17 Chemical 1 13.71 Metals shares Manhattan Bond Fund Inc— Common <■ Mass Investors Trust Fund, Securities Christiana Preferred com—100 2,970 100 + Commonwealth 1 13.39 14.37 9.72 10.51 Nation-Wide 5.69 6.18 15.17 16.40 25c 1.42 1.56 1 23.84 25.49 Industrial 1 14.94 Priced Preferred 15.98 * Stock Fund Fidelity Fund Inc 23.78 25 71 Financial Industrial Fund Inc lc Boston Corp 1.89 29 1U 5 First Mutual Trust Fund 2.06 31 5.12 2 13.49 14.78 shares A—2 5.83 6.78 Bond Stock Series Trust 6.43 Series Inc Stocks Agricultural shares Chemical Automobile 6.09 6.61 Corporate bond 4.90 5.32 Diversified Investment Fund Diversified prefeired stock Diversified Industry 8.42 9.13 6.36 6.90 10.07 10.91 5.18 Building shares 5.63 _ _ Chemical shares Electrical Equipment _ — shares Food Fully Administered General bond Industrial shares— Investing _ Metals Railroad 9.68 7.72 RR stock Railroad shares Steel Tobacco Utility shares, shares Income Foundation Fund Common Petroleum 5.37 Putnam 4.47 Republic 5.01 Inc Russell 10c 1.63 1.67 5 _ 21.81 23.58 & Aviation Group shares Group shares 7.72 75c Insurance Group shares Stock and Bond 8.46 83c 93c 1.03 13.17 14.44 10 27.28 Management Fund Inc—1 Invest 13.44 13.74 Fund Inc B-l (Investment B-2 (Medium B-3 (Low B-4 (Speculative K-l (Income 27.63 28.91 23.37 25.49 26% 28% State Fund York of New Continental 21 42% 45% 5 10% 12 River 2.50 22% 24% 19 % 18 Northeastern 5 6% 7% Northern 12.50 70% 73% 25 95 % 99 10 49 52 10 81 85 15 17 68 71 10 47% 49% 10 28% 30% Casualty 28'A Preferred 68 71 Providence-Washington 47'A 15.41 Fidelity & Deposit of Md 11.89 Fire 6.04 5.32 Firemen's 7.46 Franklin 11.28 Republic 9G Revere (Paul) Fire & Marine—, Newark Globe 3.32 ;27.67 & I8ft4<* 19% Si, 25% Seaboard 10 15 17 Security New 38% 40% Sprgfld Fire & 5 2nd 5 7'A Rutgers Fire com—15 Hartford 6.38 Paul Standard 1 9.43 Travelers 82 27.84 14.60 Independence Trust Shares 26'A 28 U S Fidelity & Guaranty 24% 26% U S Fire 111% U S Guarantee Fire 10 107 inspecti.10 30 x Steamboiler North 7.47 Bonds— Unit Type Trusts— E 6.54 2.31 2.67 4.70 Series 1955 1 Series 1956 1 2.77 Ask Bid Stocks— Harbor ,1967 95 % 96% Kentucky Utilities 4%% 96 97 New Firestone Tire & Rub 2%s_ ,1972 Trust Shares— Lt 3s— ,1977 Kentuckv Utilities 3s ,1977 99 Plywood 95 96 & Power 98% England 4 % % 100 Florida 99% Ohio Bankers Trust Brooklyn 10 Gily Banks & Trust Cos. Trust x37% 100 100 105 Central Hanover Bank & Trust 20 91 % 94% Chase National Bank 15 33% 35% Chemical Bank & Trust 10 39 39% Bid Commercial National Bank & Trust 160 180 100 190 Continental Bank & Trust 41% 14% Corn 15% Morgan 256 265 10 15 National Exchange Bank & Trust_20 Empire Trust 50 55 57 71 75 Public Federation 10 15% 18% Sterling 10 38 40 Title 100 1,250 1,310 Bank & Trust Fiduciary Trust First National Bank New Nat'l 1987 102% 102% Pennsylvania Electric 2%s_ ,1976 Philadelphia El Pwr 2%s_, ,1975 94'% 95% 95 96'% 1977 98 'A 1,520 Guarantee United & States & Tel & 3%s Tel Toledo Edison 2%s Co __ 51% American 51% Connecticut Light Trust, 17% 25 Trust 3.50 __12 100 241 '39 % 1%S Oct. Bank Bonds— l%s May l%s Jan. 1, 1950-1948 1, 1952-1950 1, 1953-1951 2%s Feb. l, Bid Ask 99.30 98.24 99.12 1955-1953 102.4 Federal Home Loan Banks— 100.2 1%S Apr. 15, 1948 l%s Sept. 15, 1948 99 1 Other 88 56 78 81 com_l 8 8% 4%% Texas 94% 48 = 49% 50; 51% West $5 * Corp 100 Transmission "A" 94% * common,,50c preferred 95% " 8% 9 5 A 14 . 1 Disinfecting 6''a 14 Co.— preferred Eastern 6 ] Transmsn 26 0 1 0 99 40% 76 8% 615 9% 645 . Bid Rates quoted are 100.2 Treasury bills— December December Issues December Bid at purchase 11, .1947 18, 1947 As?' b0.83 0.71% January b0.84 4, 1947 0.74% January 125 b0.85 b0.85 0.76% b0.86 0.78% b0.86 0.80% b0.88 Bid 0.76% December January 123% Treasury Bills for discount Ask 100.2 99.30 1961 "A" Co Gas 24'A 91 38% % Tucker preferred $2 preferred 41% 99.30 Panama Canal 3s 96 54% 25 Container Carbon Tennessee & Power— $1.90 99.20 102.12 Controls preferred Seabcard Ask 93 251 72 4%% 99% Bid „—1 Cladmetals Obligations Of Governmenf Agencies Land 94 50 100 Robertshaw-Fitn United States Federal pfd (Indiana)— preferred Speer Par Stocks- 48% 10o 12% Trust 91 ve- 49% 25 Bank 100 88 100 Pitney Bowes 4%% Public Service Birmingham Elec $4.20 pfd—100 National preferred 977/B 99% 20 Trust 98 100 Electric— 98'A 25 Jity Bank York 102 Service— Pennsylvania 16 100 1,470 (J P) & Co Inc lul 210 100 Manufacturers Trust Co Co Ask 100 Guaranty Trust Irving Trust Kings County Trust Lawyers Trust pfd-100 preferred 97% Pacific 41 20 lo Par Trust National Ask Elec— & 27As— ,1980 A.** 39% % 10% 100 Gas preferred Public 3.90% 3.70% Ask Bid 1 Pacific Pwr & Light 3%s._ ,1977 Pacific Gas & Elec Grace Par 97% Ohio Public Service 2%s— ,1976 Fulton 33 Security Issues 3.37 5.58 24% 66 30% 7.50 * 12.81 348 63 "A 2.50 Fire 96% Cudahy Packing 25/bs 2.50 4.30 Bid 50 10 Arkansas Pow & Lt 2%s— ,1977 Shares— 5.01 23 47% 47 8.19 11.74 333 540 45% 4 Westchester 33 Recent 18.62 1 100 525 Co—2 16.23 Stk)__1 Par 31% 100 5 9.62 17.06 15.09 1 13.38 Co__10 39 % 29% 22 6.48 1 25.52 Manhattan 37% 19.35 1 Inc Stocks)__1 the 25'A 10 Accident 50% 23% 10 Marine 48 10 8.05 (Income of 71 10 Haven 21.56 S-2 Bank of New York 68 Surety 21.69 19.73 S-3 (Appreciation com Stks)_l Eartk 12% 5 84c Fund__I S-l New York 20 49.25 75c 7.36 World Investment Trust—i Amer 28% 18 77c 46.25 B_1 22.47 com 4'A 26% 6.98 69c 17.70 20.60 Fund 2 10 10 11.94 Investing Corp. Trustee 8% 18 78 15 preferred Great /American 4 33 10 Fire 23% Fire 3 % 31 11% 5 Marine & ( N Y) (Texas) 10 5 Fire Falls 11.03 Wellington Fund Fund 50 93 Fire Hartford 5.93 Stock 153 47 Globe & Republic 15.80 21.04 Fund 148 10 General Reinsurance Corp Gibraltar Reinsurance Corp 5 10 10 8.88 of Accident 20 Phila of Assn Fireman's Fd of San Fran 50.21 C Preferred Group - 50.21 10c Stock % 50'% 3.02 25c (Appreciation pfd Stks)_l (Quality common Stks)_l Priced Co 26'A 9.67 (Low Indemnity 10 25.73 Corp,* 18.88 S-4 Fire Pacific * 10 1 8.85 Knickerbocker Pacific rhoenix 2% Investment Common Series 19 10 10 Life Crum & Forster Iuc • Shares Industry Shares Diversified 10 10 General Hanover 17.30 com 5 5% Brunswick North Fire 4% Hampshire Fire York Fire Federal w 1 17.77 New Employers Reinsurance 1 1 16.29 New 67'A Employees 1 1 Stocks) New 72% 63% 8.65 20 Bonds) pfd 5% 69% 11.62 14.69 Investors Whitehall Shippers Casualty 5.51 Union Bond Fund series A Series B Union & 4% 25 10 Bankers Boston Amsterdam 10.19 5 new Street Series 2% Baltimore American 6.81 Bonds K-2 Priced 1 Bds)__l 31'A 2 8.10 Utilities W ail Street Bonds) Grade 8.68 1 Amer Trusteed Union Keystone Custodian Funds— 29 New 10.27 Fund Invest Selected 29.65 Group shares Investment Co of America 5 Fire 10.85 Berg Fund inc Sovereign Bank 2 Union Fire 11.75 7.92 Trading (Geo) Standard Institutional Securities Ltd— Liberty National Connecticut Scudder, Stevens & Clark Investors 46% National Glens 4.33 43'A National 34'% City 4.58 4.11 lo 18% 57 % 12.73 _ - 4.94 _ 28'A 14.06 _ 3.98 _ 26% 16% 11.53 9.37 __ 4.61 _ shares Incorporated Tobacco 4.21 Equipment shares 6 % (Detroit)—10 Casualty 31% 10.29 2.59 29% 28 5 % 55 % Camden 4.85 2.37 shares 7.78 Railroad equipment Steel 28% 26 10 11.10 _ 5.54 5 5 Y 4 N 10 10.72 _ 7.69 _ National Fire 7.89 Utility _ 21'A 16% 30 7.10 9.94 _ Pacific Coast Invest Fund,,. Public Railroad 13% 51% 20'A 25 Reserve 10.52 _ 6.66 12% 49'A Automobile 11.62 _ 7.yd 15% 28 10 American Re-Insurance, Mfrs 9.30 Oils 1 ~5 Massachusetts Bonding Fire Assur & 94'% 37 10 common preferred 10.60 5.10 — 10.84 _ 7.09 , shares Bond Merch 10'A 24% 91 % 34 20 Merchant 12% 10.47 z. 7.37 shares shares Petroleum 16 10% 11.23 Merchandising 7.97 6.14 Mining 9'A 14% 10.58 Machinery 7.96 7.12 — , Merchandise 5 10.13 series stock 7.78 Casualty Prior, preferred Convertible Equitable 5 Fidelity & Casualty_5 American of Newark 2% 9.55 equipment Insurance 19% 36 % American 9.07 _ 7.35 9.22 Maryland 18% American Casualty 4.10 __ _ Electrical America—10 34 4 American 15.60 _ _ 7.34 shares Institutional bond 10 Automobile 6.83 7.60 stock 7.17 shares Machinery shares- 64 5.73 3.62 Aviation Building supply _ 61 4.20 6.48 7.71 shares 25 23 American Surety— 7.11 Aviation Agricultural American 9.89 5.69 shares Jersey Insurance of N Y American Alliance Inc— 5.31 Bank 41% 4.93 14.55 Automobile Group Securities- 39% 3.76 _ 1 Investors Trust 10 Life Aetna 5 of North 6.11 44.95 Corp Insur Co 3.61 Series 41.70 General 7.08 Home 7.95 5.15 Agriculture Par 82 45% American New York Ask 79 43 4.46 Stock Bid 10 10 Insurance— 3.23 Series • Capital 7.44 7.18 Series Selected Group Series Low Priced Com Stock Series, New England Fund 1 6.71 Investors Fundamental Par Aetna Casual & Surety Aetna 5.70 Fundamental General 1 series,, Low Income First 1 Stock Series Bond Speculative Fund Balanced shares Investors Corp National Security Series— Howard— Eaton & Securities— Balanced National 1 Shares Dividend 12.32 13.67 14.83 3,070 147 143 11.40 10 Insurance Companies 27.20 _1 Mutual Invest Fund Inc 1 Invest Fund Delaware 30.29 25.16 Mass Investors 2d Fund Inv Fund Ltd Canadian 22, 29, 1948 0.83% 0.84% 0.82% 25, 1947 2, 1948 January 8, 1948 January 15, 1948 Ask b0.89 b0.91 1948 February 5, 1948 February 13, 1948 February 19, 1948 February b0.96 0.91% 26, b0.92 1948 0.86% b0.93 0.88% b0.95 0.90% Quotations For U. S. Treasury Notes Figures after decimal Maturity— flSept. 15, fOct. Jan. 1. 1, Int. Rate 1948 Maturity— Certificates of t%s Jan. 1, 1% wi— 1%% 1, 1948 t%s Mar. 1, 1948 It •" ' ■ ' .3988 99.9817 .0065 100.0160 .0375 Dollar Price 10(1 Plus Indebtedness— -. Bid Ask 1948 100.0058 .0143 t%S Feb. • Ask —1%% 100.3752 1948 1948 point represent Bid ' 99.9997 .0083 99.9973 _ .0073 ' ' • ' . 11 11 -1 • 1 1 1 ,n' mmmmmm one or more 32ds of point a Maturity- Dollar Price 100 Plus Certificates of Indebtedness— 1948 t%S June 1, 1948 $%S July 1, 1948 Series V/aS July 1, 1948 Series t%S July 1. 1948 Series Is Oct. IS Oct. Bid Ask 99.9966 t%s Apr. 1, .0100 : 99.9656 F_„ 99.9487 .9661 G 99.9491 a Odd lot sale (not Included In year's range). _included in year's range), eEx-interest. (not included in year's range), b Bid yield price, fFlat price, tEx-stock kRemoved dividend. to d Deferred delivery sales Stock (Un) Unlisted Exchange. issue. rCash wdWhen (nol; sales delivered, .9665 H .9805 99.9495 99.9820 .0069 1, 1948 Series K 99.9827 .0075 issued, x Ex-dividend, y Ex-rights. .9669 1, 1948 Series J w 1 When :• ,;f»Oipar value, dividend. ... tin default. tThese bonds are subject to all Federal taxes. fEx-llqUldatlng I Volume 166 Number 4651 THE COMMERCIAL • & FINANCIAL (2247) THE COURSE OF BANK CLEARINGS Bank clearings this week will show Preliminary figures compiled by based us, increase an with a year ago. telegraphic advices from the chief upon cities of the country, indicate that for the week ended Saturday, Nov. 29, clearings for all cities of the United States from which it is possible to obtain weekly clear¬ ings will be 15.5% above those of the corresponding week last year. Our prelim¬ inary total stands at $12,907,325,562 against $11,174,530,964 for the same week in 1946. At this center there is gain for the week ended Friday of 43.9%. a Third Federal Reserve com¬ Pennsylvania—Altoona 29 1947 New York 1948 $4,493,038,446 495,697,073 451,082,897 + 43.9 551,000,000 Philadelphia Reading 303,763,941 + Scranton + + 170,719,051 196,575,654 120,731,952 + 29.6 1,726,052 25.1 4,523,953 3,101,032 3,034,900 927,432,858 +20.9 651,303,731 609,257,679 + 15.5 4,131,090 111,307,782 194,819,708 204,594,346 District—Cleveland6,662,587 Total $9,672,771,847 $6,961,570,438 + 38.9 2,388,896,552 1,781,506,384 + 34.1 West cities, $12,061,b68,399 $8,743,076,822 845,657,163 2,431,454,142 —65.2 $12,907,325,562 $11,174,530,964 one day issue of next week. We cannot furnish them Saturday and the Saturday figures the elaborate detailed able to Nov. + today, inasmuch District 15.5 as we present further below For that week there was an increase of they the week of Louis 20.7%. The Cleveland Reserve District has to its credit District Reserve In and the In the Chicago Reserve District the totals - the 21.6% by Kansas City Reserve and are Atlanta Reserve larger by 17.9%, in in the Minneapolis Reserve District District the totals show an expansion of 18.1%, in the Dallas Reserve District of 102.6% and in the San Francisco Reserve of In the + 33.3 + 14.2 1,356,683 6,632,000 93,913,891 2,052,777 following furnish we a summary SUMMARY Reserve 22 OF by Federal Reserve Districts: BANK 1947 Districts $ Sixth Federal Reserve lit Boston 12 cities 2d 12 York Philadelphia $ 1945 or Dec. % $ 554,619,137 + 14.3 417,059,001 +18.7 6,066,529,531 5,414,297,972 M 1,120,926,014 927,432,358 +20.9 651,303,731 609,257,679 " 940,844,383 772,886,870 +21.7 534,101,051 586,973,388 Sth Richmond 6 " 489,564,218 423,675,361 + 15.6 289,160,381 282,886,895 452,599,563 418,024,503 7th Louis — Minneapolis " 654,743,148 649,438,425 17 Chicago St. " 1,060,417,189 899,640,249 +17.9 616,237,260 578,567,931 4 " 608,233,577 500,372,567 +21.6 343,543,502 " 7 Total 353,907,184 " 550,151,326 466,017,850 " 336,633,476 166,164,038 10 Francisco 427,047,170 10 City " 864,930,520 "40,095,051 + 16.9 OltlM 113 +20.7 239,517,040 our 13,527,940 2.3 47,478,119 162,700,000 12,988,510 37,783,955 162,300,000 2,343,416 1,872,616 49,181,532 49,855,388 5,058,183 6,537,710 63,932,755 242,100,000 3,964,485 3,069,114 81,202,798 102,009,455 6,121,775 427,610 382,361 142,570,155 130,429,538 + 9.3 4,494,265 251,432 98,174,587 654,743,148 649,438,425 + 0.8 452,599,563 I,209,474 + 4,123,712 3,763,811 Florida—Jacksonville 84,930,664 Alabama—Birmingham 109,005,108 Mobile Mississippi—Vicksburg Louisiana—New Orleans Total 16,226,144 65:375:256 (10 cities) Seventh Federal Reserve + —10.0 4.0 + 308,430,445 Michigan—Ann Arbor 4.6 + + 6.9 + 181,711,543 145,756,409 South 6.8 + 11.8 523,396,994 523,731,893 1,289,365 10,623,590,042 9,710,159,936 6,683,354,738 +19.2 4,720,401,890 4,445,812,856 showing the figures for each city for the Ended 1946 $ Clearings at— $ Inc. Des 407,762 5,326,599 3,467,008 4,369,287 5,777,514 45,520,000 4,646,703 14,665,653 59,185,866 Rapids 3,628,293 Moines Sioux 558,761 + 11.5 + 22.9 5,976,918 Wisconsin—Milwaukee Iowa—Cedar 6.6 8,677,748 5,729,835 54,469,000 Haute I HI I City 27,101,891 14,863,735 1,180,695 831,255,126 2,874,865 28,108,000 + 28.6 2,745,310 8.0 11,493,356 33,955,686 1,985,707 14,656,825 7,657,574 1,011,511 488,343,110 2,197,486 7,392,301 2,125,276 + + 19.7 + 12.6 + 11.0 + 28.5 + 12.8 + 18.2 3,517,791 12,329,090 I 8.3 + 19.7 + 13,576,296 49,432,083 3,222,999 24,413,648 II,567,962 1,046,690 702,991,164 3,272,147 11,936,827 — 7.0 Maine—Bangor or Dec. % 1945 $ 1944 $ 822,119 2,801,830 2,864,272 +12.3 363,112,036 331,860,187 6.8 1,282,094 1,112,993 + 14.4 572,702 480,672,128 1,910,356 718,412 1,727,476 + 25.1 1,225,288 1,101,354 6,645,930 + 20.2 4,817,335 626.529 5,491,394 4,422,513 + 24.2 3,262,044 2,274,857 18,830,784 + 36.8 14,350,745 8,926,742 + 26.9 6,526,959 5,723,993 30,494,800 Island—Providence 24,108,300 + 26.5 17,249,600 12,848,300 1,581,642 1,213,520 + 30.3 992,249 801,410 417,059,001 37$,282,742 634,002,519 554,619,137 + 14.3 + 3.3 3,418,755 + 36.6 2,954,760 + 20.3 2,337,885 1,943,037 899,640,249 + 17.9 616,237,260 578,567,931 196,900,000 72,744,466 176,200,000 65,661,138 59,555,500 YorK—Albany Total 278,800,000 + 18.1 134,759,066 + 23.1 2,213,134 109,483,931 110,521,022 1,567,614 + 41.2 1,330,000 883,025 608,233,577 500,372,567 +21.6 343,543,502 302,299,663 4,088,127 131,039,481 141,931,377 " (4 cities) _« Federal Reserve + 28.4 Buffalo _ Tlmira __ _ Jamestown New St. 7,965,066 7,502,354 294,670,775 8,294,795 241,627,645 81,952,938 6,978,963 3,598,941 3,444,029 + 4,287,205 9,930,912 3,628,419 8,772,836 427,047,170 353,907,184 Paul 98,299,476 Dakota—Fargo South Dakota—Aberdeen Montana—Billings Total (7 cities) — 6.2 5,143,050 + 22.0 + 19.9 161,772,727 57,370,578 + 18.0 4,568,122 4.5 + 18.2 2,028,925 2,646,452 1,482,366 1,928,446 + 13.2 5,987,186 3,397,250 +20.7 239,517,040 197,698,128 + Federal Reserve District—Kansas Jersey—Montclair Total 2,800,543 2,094,060 + 33.7 1,548,401 1,242,329 84,678,197 + 18.0 56,193,000 56,998,000 1,785,768 1,397,732 + 27.8 816,824 882,248 1,465,189 + 34.8 6,625,678,126 + 18.5 5,903,188,152 5,264,347,080 18,850,805 Newark 16,075,728 + 17.3 13,572,896 11,849,195 9,876,844 + 15.7 5,907,944 5,201,233 13,412,007 12,148,466 734,073 700,425 46,409,428 Jersey 39,607,555 865,202 731,316 422,361 350,450 + 20.5 210,456 497,815 183,565 424,093 + 17.4 320,564 6,822,283 + 18.5 137,798,903 5,758,643 114,866,979 289,228 3,845,192 67,004,195 2,228,187 5,525,843 Hastings Lincoln Kansas—Topeka + 16.4 4,022,713 76,629,292 3,594,583 5,116,180 209,750,908 + 36.4 6,309,772 + 13.0 1,427,427 1,048,550 + 20.0 6,960,351 + 16.2 8,902,689 + 30.0 368,434,196 1,915,592 316,402,192 10,160,999 1,656,479 1,506,143 + 27.2 550,151,326 Missouri—Kansas City St. Joseph Colorado—Colorado Springs 5,989,183 11,570,971 Wichita 466,017,850 +18.1 308,430,445 3,191,682 149,583,000 16,942,517 4,052,000 13,857,189 1,871,665 Pueblo (10 cities) 185,105,844 5,373,004 980,098 847,577 271,382,733 Eleventh Federal Reserve District—Dallas- Texas—Austin 6,268,250 3,322,951 2,767,987 + 20.1 1,753,403 9,882,751 8,284,998 + 19.3 6,188,941 3,633,000 1,278,645 5,041,501 336,633,476 Falls + 16.9 121,307,000 23,805,848 4,635,000 +134.6 4,666,000 I 5,363,205 284,559,000 Dallas Fort Worth 166,164,038 +102.6 181,711,543 145,756,409 + 19.2 80,166,367 84,694,492 0.7 3,118,048 71,606,673 36,033,686 2,671,789 84,694,151 32,393,680 10,497,947 8,973,175 3,897,143 291,473,000 6,997,432 27,934,524 Galveston II Louisiana—Shreveport (6 cities) + 17.3 + 0.7 2,316,545 119,912,000 13,574,718 + 10.4 9,266,298 9,441,179 4.8 472,323 353,913 25,581,773 24,190,935 + + 17.2 Twelfth Federal Reserve District—San Francisco Washington—Seattle 58,456,675 50,647,138 + 15.4 37,893,940 Utah—Salt Lake 6,854,783,274 + 18.7 6,066,529,531 5,414,297,972 City California—Long Beach 114,984,730 52,326,415 11,172,768 Pasadena 3,886,891 9,393,021 10,063,183 Jose ._ 1 426,197,207 11,141,677 11,770,870 4,674,435 Santa Barbara Stockton ; 4,214,985 + + 49.0 + 16.5 + 18.9 + 30.9 5,187,779 + 8.2 + 5.6 4.4 300,251,744 7,523,019 2,854,551 6,157,180 + 10.9 1,916,430 6,020,601 10,439,638 10,003,819 864,930,520 740,095,051 +16.9 523,396,994 523,731,893 15,823,004,909 13,309,032,864 6,683,354,738 + 18.9 + 19.2 10,623,590,042 4,720,401,890 4,445,812,856 (10 Cities) Grand Total C112 cities)Outside New York 7,690,809 461,065,000 Francisco San Total 100,255,497 60,965,686 31,557,476 •135,510,944 119,525,542 3,912,339 171,341,059 Yakima Oregon—Portland San na eitlMt 3,973,200 City—• Nebraska—Fremont Total 51,789,258 7,503,068 11,426,291 Connecticut—Stamford Northern New 11,222,778 7 ,853,599,846 York Rochester . + 151.3 1,975,123 Syracuse New 10,413,814 99,896,362 , 72,569,036 District—Minneapolis— Minnesota—Duluth Minneapolis Total 26,164,023 Blnehamton 1,764,382 329,300,000 III—I I Tennessee—Memphis Illinois—Quincy Wichita Second Federal Reserve District—New York— RAW 570,924 2,257,364 6,932,017 14,079,783 11,331,704 cities! 5,851,323 463,029,096 Eighth Federal Reserve District—St. LouisLouis— 5,166,945 + 25,768,875 — Hampshire-—Manchester—.——. (12 539,946,646 7,989,645 Haven_ Total 866,119 + 16.3 2,161,086 Bedford Worcester Rhode +19.3 3,918,066 821,980 Connecticut—Hartford New 1,524,910 4,555,053 2,040,892 — River Springfield New 3,862,810 9,449,712 28,726,468 1,986,112 13,218,671 1,060,417,189 Missouri—St. Louis Kentucky—Louisville 22 1,818,802 - Lowell New 2,852,591 27,195,000 4,669,317 Omaha Fall 4,151,375 3,555,935 I IIIIII (17 cities) Tenth Nov. District—Boston- Massachusetts—Boston 418,024,503 6,256,334 I I North + 18.9 detailed statement Portland 527,222 96,113,681 9,674,050 Bend Terre Ninth 13,309,032,864 Week Reserve 54,465,358 66,614,942 7,043,774 Grand Rapids Lansing Indiana—Fort Wayne Indianapolis 271,382,733 + 15,823,004,909 1947 Federal 2,618,006 2,274,914 + 22.6 week ended Nov. 22 for four years: First 34,966,949 District—Chicago- Helena add + 23.9 + 19.8 197,698,128 18.1 + 102.6 7,969,405,063 Outside New York City now 282,886,895 302,299,663 0.8 + 6 Kansas 11th Dallas 289,160,381 + 12.0 1,113,803 7,940,000 94,934,451 2,207,184 141,724,508 379,282,742 6,854,783,274 7 ■th +15.6 217,900,000 Augusta $ 634.002,519 8,135,510,944 Cleveland 10 423,675,361 20 109 122 Nashville Total 4th Atlanta 141,075,564 44,129,466 1944 " 11 + 17.6 8.4 pistrict—Atlanta— Tennessee—Knoxville Rockford Inc. 2,903,398 200,636,794 67,394,842 489,564,218 Decatur CLEARINGS 1946 + 79,279,602 (6 Cities) Springfield Week Ended Nov. 2,220,665 10,753,000 139,766,662 3,251,256 Peoria We 586,973,388 240,315,195 Columbia—Washington- Chicago San 534,101,051 2:961,033 Illinois—Bloomington District of 16.9%. 13th 201,584,863 +21.7 located and from are (including this city) the totals register gain of 21.7%, the Richmond Reserve District of 15.6% District of 0.8%. »th + 14.2 772,886,870 15,060,800 2,630,322 12,284,000 Macon — 18.9%, the aggregate improvement of 18.7%, in the Boston Reserve District of 14.3% and in the Phila¬ 10th 279,587,008 14,305,400 2,246,341 3.982,565 251,043,294 9.4 151,473,132 Georgia—Atlanta give final and complete results for the week previous 22. delphia Reserve District of 20.9%. 4th 4,566,486 + 20.9 — appear the week has to be estimated. cases statement, however, which this it appears that in the New York District Id + 27.2 Virginia—Huntlngton__ Carolina—Charleston Maryland—Baltimore not available at time of going to press. are cities according to the Federal Reserve Districts in which New 6,140,726 940,844,383 — South clearings for the whole country having amounted to $15,823,004,909 against $13,309,032,864 in the same week in 1946. Outside of this city there was a gain of 19.2%, the bank clearings at this center having recorded a gain of 18.5%. We group the Federal 4,477,221 319,155,911 Richmond + 38.0 Accordingly, in the above, the last day of the week in all by 23,648,900 4,057,895 3,778,256 107,023,186 Fifth Federal Reserve District—Richmond— Complete and exact details for the week covered by the foregoing will St. + 27.4 + 26.4 7,809,463 (7 cities) Total the 160,896,886 292,366,966 28,592,700 HI HI 5,769,163 204,977,676 369,588,151 _H. + 53.3 Total all cities for week a 2,687,700 1,552,092 2.1 — 1,120,926,014 Mansfield + 41.1 All an 1,883,066 + 31.3 4,016,277 2,540,257 + Virginia—Norfolk are 1,581,901 592,000,000 4,445,590 2,283,734 1,393,667 1,676,559 + 34.0 671,199 610,792 + 32.6 + 47.2 277,397,440 Total all cities, five days— we 1,878,019 632,000,000 + 20.7 757,389 5,748,374 Pennsylvania—Pittsburgh 251,215,775 Other cities, five days ended 659,337 + 17.6 3,261,143 6,523,087 Youngstown 7.5 185,114,038 In 635,666 558,762 2,758,153 897,000,000 2,639,208 4,227,109 Cincinnati + 18.7 255,836,000 Ten cities, five days ends 8.7 7,189,062 cities) Fourth Federal Reserve 5.4 211,622,497 207,200,000 275,031,000 Pittsburgh our 6.4 + 8,652,720 Jersey—Trenton— (11 + + 23.8 2,485,961 Columbus Cleveland in $ 950,084 5,272,984 II Cleveland 245,900,000 — San Francisco 1944 865,495 3,536,246 York 5.8 223.004,027 St. Louis 1,130,780 1,083,000,000 Ohio—Canton + 49.9 427,065,383 Kansas City $ 3,242,427 9.9 + 826,000,000 Boston r 1945 * $6,466,347,111 Philadelphia or Dec. % 940,881 Lancaster Total Inc. 1,202,588 4 Chester Delaware—Wilmington —_I Clearings—Returns by Telegraph $ 1,176,036 Bethlehem New 1946 43 District—Philadelphia- Wilkes-Barre Our parative summary for the week follows: Week Ended Nov. Week Ended Nov. 22 1947 $ compared '">3' CHRONICLE —. „ — 17 969,405,063 + 9,710,159,936 4 "i 44 THE (2248) A. The condition statement of weekly reporting member Commercial, industrial, agricultural and loans banks. securities decreased Real estate loans increased $25,000,000. in¬ Butte Indiana banks, and $20,000,000 in decreased lien ref. 1989 Co., 1st mtge. of New B/G Pa.— Dec 1948 Baker 1 1 1835 1885 1886 12142 Interstate Gas lien 1st ref. & 1st bonds, due 5% ref. A, due ser. 4% 20-year bonds, due 1967 debentures, due York 1st Gas Electric & 5% mortgage Purchase Blackstone 1995 Light, bonds, due Anytime Heat Power & J2004 t2004 5 Vis, due mortgage 1960, and due 1968 Dec 1 1894 1 17J2 2 1260 5s, stock—.* •Announcement this in issue. Dec 23 Jan Weishach Engineering & Management Collateral trust 5s. due 1953 Borrowings decreased $151,000,000 in New York City, $2 1 IVol. ilVol. 165. A * millions (In dollars) of Inc. (+) or Nov. 19, Nov. 12, 1947 1947 which Nov. 20, ord and Investments—total 64,924 Loans—total 22,874 Industrial, to for dealers Real obligations Other — 70 — — 31 + 439 180 3,707 2,969 — — — + + + 2 + + — — 8 + 4,221 — 2 + Federal Banks Reserve 237 + + 43 817 with banks domestic 2,461 + — — 22 + Demand U. deposits adjusted 47,622 14,514 1.117 deposits + + — 347 18 69 + + — 1.377 ,— 88 + 3 + + to interbank preferred Inc. 414% Products Y.i RR deposit and U. accounts S. Govt, 201 except — 225 Altoona 1,196 603 2,656 & Ameraua Corp. pfd. Co. of Ry. Can American District Line Co. 7% called under redemption, pfd. preferred Telegraph sinking fund provisions. $1.75 (year-end $1.65 25c OF TENDER NOTICES I>ate Company and Issue— American General Bush Terminal Corp., common Buildings Co., 1st mtge. bds.. due 31 1960_Dec Dec Dec Dec 1 1990 1991 1992 Caribbean Sugar Co., preferred stock Curtiss-Wright Corp., class A stock Distilling Co., Inc., common stock National Union Mortgage Corp.— 20-year collateral trust bonds, ser. A, due 1954 Dec Philadelphia Transportation Co.— Consol. mortgage 3ft-6% bonds, series A, due 2030_Dec , Logansport 1 3 15. Power ®(Dfl1ding United West (A. G.l 3s, & due 1971 Bros.; Wallpaper Inc.. Disinfecting Co., — debentures. 4% 234% conv. 1349 Mill (stocx 2102 Anaconda Anaconda :Wire Andes Copper 1892 Angostura-Wupperman Corp. 1790 Arizona t Co. Co. Constable Associated com. 1- 2 j.2- 1- 2 12- 12- Spring Corp. 2-15 2 12- 1- 2 12- 1- Greyhound Autocar Company Corp. 4% 12-23 12- 12- 12-15 1- 2 12-16 12- $1.50 (quar.) . "' $2.50 3- 2- 1 com 2- 12-*5 12-26 12-10 1 1- 1 11-15 12-16 12- 2 2 12-lG 12- 2c 12- 1 11-15 87 '.2C 1- 2 12-10 1- 2 12-10 Co pfd. (quar.i $1.50 Mills (quar.) 12-31 12-10 40c (resumed) 12-19 12- 2 5c Co. (N. Y.i 1- 2 12-10 1- 2 12-10 1- 45c iquar.i. & Quincy 2 12-15 2 '/2c 12-20 12-10 12-20 12-10 $3 (quar.i RR 12-24 12-12 12-15 12- 1 12-15 12- 1 75c year-end 1 $2 $1.75 com. 12-19 12- 5 1 (quar.) Co Orleans & pfd. Texas (quar.i Pacific $1 __ 1- 2 12-15 Ry. 12-18 12- 6 9- 1 $1.25 12- & Street Railway Suburban $1.50 12-18 12- 8 iquar.i 30c 12-15 12- 5 17 Vic 1-10 35c 12-10 12- 25c 12-31 12-11 30c (quar.) Co. Gas series (quar.) & A Bottling Electric Y.) (N. (year-endi Coppermines Edison Co. 12-10 12- 1 12-22 12- 3 12-22 12- 3 of 50c 12-31 12-15 20c 12-18 12- 5 1- 6 (year-endi pfd. 1 quar.i Corp. (initial» Co. $1.25 2- 2 10c 12- 4 25c (year-endi Co. Co.. E. & 1- 5 12-10 90c (quar.) 12-10 12- 1 12-15 12- 1 55c 12-24 12-13 1- 2 4- 50c $1.25 pfd. laccum. (initiali 1 12-17 3-17 $2.50 12-19 12- 25c 12-20 12-10 25c 1 12-31 12-18 Cigar Corp. Coal & Coke (irreg.) Class A tquar.i 5 50c 12-24 12-10 125c 12-81 12-15 12-31 12-15 Co T Inc. Motor $2 (s-a) Co. (quar.i Inc. 12- 5 $2 12-15 12- 1 25c 12-27 12-12 50c Hotel, 12-15 12-27 12-12 12-30 12-20 25c Theatres Home Corp Stores Glass 20c 1- 6 12-15 90c 12-15 11-29 125c 1-15 12-29 (extra) Co., Ltd., com. (quar.i 140c preferred (quar.) Corporation 1-15. 1-15 12-29 150c (quar.) 1-15 12-15 1- 2 11-29 1- 2 11-29 (quar.) 3%% Co., common preferred 75c 93 %c Sulphur Brewing Co. 12-15 12- 5 $1.75 (quar.) 12-19 12- 5 (year-end) 30C ; 2 12-15 12-20 12-10 - (extrai. $1 Co. (year-end) (s-a)—... 1- $1.75 ■» (irreg.) Brewing Co. Texas pfd. (quar.) Products 12-29 135c Ltd. $1 Industries Power B. 2 12-10 12-20 150c Duquesne DuvM 1- 11-24 25c (quar.i (extra) Frere, Ltd. Dunn Steel ' 12-31 35c (year-endi Corp. 1-26 $2 (year-end) 5% 12-31 90c (quar.i Publishing Press, Inc. 11-28 $5 Corp. Sexton Gas 12-15 (liquidating) America Tobacco 12 V2c Year-end' 7% 5 $1 Industries Wagon Co. Witt Duke 12-26 37'/2c Corp Engineering Petroleum Dresser 2 25c Solvents Products Refining Draper 4 Co. (quar.i Shoe G. 12- (quar.i Co. Chemical W. 12- (s-ai Mills Counties & 11-15 11-29 Homes Worsted pfa. 8-14 1 12-15 15c Extra 12-30 12-27 1-15 12- 40c $1.25 7% 1-30 $1 12-16 12 '/2c 3.50% Dominion Square Corp., 1 50c 12-30 (quar.i Dominion 1 12- 8 12-16 (quar.) District 12-1 12-10 8 12- 12-30 preferred preferred Dixie 5 12- 12- 35c 5-15 Diebold, 1 12- 12-19 12-23 Extra 5 12-15 11-12 12-23 2-14 Diamond 12-15 12- 1 12-31 (quar.i (quar.) Corp. 3 12-22 12- 25c 1 De 5 12-12 11-12 1 Davis 12-12 12- 11-12 1 50c Bo.nus 5 12-22 1 12- 6- David & G 12-19 12- (quar.i Warehouse Molybdenum 12-15 12- 12-10 7*: pfd. com 3- Cuneo 12-10 12-22 1 t75c 137c Ltd. $3 Cumberland 1 12-20 1 12- $1.25 Cuban 4 20c 5^-non-cum. pfdiV(s-a)_^ Atlantic Co., Cuban Atlantic Sugar com. 5% preferred (quar.) 12-15 12- 12- $1.25 D. 2 12-12 2 12-22 50c (quar.i Power Crowell-Collier 4 30c 1 1 1- 9 (quar.) Creo'e lz-15 L- $1.06 »/4 tquar.i.. 12- (quar.) Cribben 11-29* 12 Vic ; 2 preferred Creameries 12-29 1-15 2 $1 pfd. (quar.) 1- 9 1- preferred Corn 4 2 $1.25 <quar.)__ t55c (quar.i 1- $1.25 Continental-United 8 12-17 1- 25c (quar.) 12-10 2'/2c Covered 3 ioc (irreg.) 2 (quar.i Eank & Trust Conso'.iated 5 $6 Atchison Topeka & Santa Fe Ry. com 1259 12- 1- $1 (year-end) Corp. Special . 12-15 5oc (quar.) Cork Ashland Oil & Refining 4J/4% 1894 —Dec 31 -Dec Edison Co. (year-end) (year-end) (year-end) 1- f30c com. Hosiery Consolidated 1 $1 Cable 2 J31 V4c common Mfg. Co. Co. Consolidated 12-15 $1.50 (quar.) 2 2- Machinery (quar.i Consolidated Cigar Corp. (quar.i 12-15 12l/2c (quar.) Mining Mining preferred u- 2 loc 2105 & 1- 11-30 2- 5c Compo 1 12-26 12-15 f50c Year-end 12-12 12- 12-10 30c Commercial 12-12 12-15 2 $1.60 Coca-Cola 2 12-23 1- 13:,'»c Copper — (quar.) 1888 Copper 1- 12-15 50c 1579 1894 12-23 $1.50 (s-a) 12-10 11-21 (quar.) preferred 4% Tobacco— Ampco Metal, Inc. 1894 1-15 t>oc pfd. 12-17 2 (quar.i Storage West Coast 12-11 20% (initial) 2 1- (quar.i (quar.i Ltd., Food Detroit Clorox 12-ii 2 30c Sumatra Armstrong Ltd. Clopay 11-28* 2 $1.12'/a (Indianapolis) 1- 12-15 31 '/4c iquar. 1. (quar.) Cleveland Co.— Insurance 12-17 m Climax ai-28* 1- 2ac dividend) 2 7$1.2o New City 1 1- $1.25 (quar.) States common Arnold 12-10 $1.50 (year-end) Corp, Tobacco Co. 6% p.d. American Vitrified Products pfd. $5 12^10 10c (accum.i__ 1- 15c common Kennedy preferred 5% 12-12 50c Light $6 pfd. 12-17 5% 12-15* 2 50c (irreg.) American 1997 12- 2 1- $1.75 a (initial)-- com. (increased) American Thread Co. .5% 1804 5 1- 25c com.. Quarterly preferred stock —.i--Dec 15 1961—---Jan 1 debentures, due Co. B (quar.i Mfg. Maine 1 12- 5 12-16 75c Cincinnati 12-10 1*,- 35c laccum,) preferred New 2 5 11-20 12- 5% 12-10 1- 2 5% 3 $1.75 uuUuii. Corp. & Rolling American Page 2 12- 1- 2 Common 1 $3 republic Ommon REDEMPTION Date Company and Issue— Central Terminals. Ltd.— 1st mtge. 5% deb. stock and bonds due 1959—^ Dec 31 Bolivia Ry„ 5% mtge. & collat. trust inc. bds., ser. A.Jan 1 Cleveland Graphite Bronze Co., 5 % preferred stock Dec 30 Cooper-Bessemer Corp., $3 prior preference stock Jan 9 Elk Horn Coal Corp.. collateral trust 4s, due 1956 Dec 1 Hanna (M. A.) Co., $4.25 preferred stock -Dec 1 Mading Drug Stores Co., 5% debentures, due 1961 Dec 15 Metropolitan Ice Co., 7% 1st mtge. bonds, due 1954—Jan I Midi RR. Co.. 4% bonds, foreign series, due 1960 Dec 1 110 So. Pennsylvania Ave. Corp., 1st mtge. 6% inc. bds. Dec 1 Piedmont & Northern Ry., 1st mtge. 33/4s, due 1966—Dec 1 Pittsburgh Steel Co.— 1st mtge. bonds, 4 Ya% series, due 1950.., Dec 1 1st mtge. bonds, series B, due 1950—,: Dec 1 1st mtge bonds, series C. 4%. due 1950-; Dec 1 Southern Counties Gas Co. of Calif,— mortgage com (s-ai preferred 6% 1- 50c <quar.i__ 4V2% preferred (quar.) Amtffcaii onuix Co. eom.__ Algoma 1st Co. Products Phenolic American 1996 12-24 1 12-23 Co., Ltd.— Co., Gas & Electric 4% 12-17 12- 12- c 1- 'quar.i Cincinnati 11-13 2 12- 60c American 2106 15 1 1- 12-15 25c preierred American 22 Co. (quar.) Maize American $5 12- 50c Locomcive preferred American PARTIAL Machinery Series Cincinnati 8 11-21 1 31V4c (quar.i Chicago Burlington Chicago Towel Co. I2-10 60c Special 14«9 12- 12- 55c 1 Extra 8 10c monthly 1 1 (year-enu) American Optical Co. Page =.—Dec stock 2 12- 12-15 1 (irreg. common preferred Cold Chemical 12-8 12-15 12-10 2 Cherry Rivet Co. 9 50c 7% pre*erred (quar. ) American National Finance $6 1- $1.25 (quar.) Year-end given in the "Chronicle." were 12-26 12-31 $1.25 (quar.)__ (quai.) Products Co. Laundry American which the details 1-2 J.) Extra. ing tenders, and the page number gives the location in 12- $1 Ice American 7% 12-22 2 2 Cloth conv. pfd. Chile 2 1- 12- Extra 12-15 6 12-16 12- (quar.i (Philip) 7% 6 1 t25c Chadbourn 11-20 12- 1- 55c Common 11-24 12-24 (quar.) (N. Derrick & Home American last date for mak¬ 12-10 12-i0 25c Hoist American those 21 '2 (year-endi 12- 12- 12-10 $1.25 9 75c 5% Additional Including 30c 15c (quar.i 5 12-31 50c Service & 6% 5 1"- 30c (year-end) Inc. Hardware Corp. The date indicates the redemption or 12- 1-2 75c (Del.i_ Extra for 12-22 12-23 12- $1.37 Va iqaa.M (interim) Baxter Central 12-16 40c Co. (quar.) Barge Busnnes, American called 2 12-10 12-23 12-11 Co. 19-16 40c preferred American $1.50 o 5 1- 12-10 12-19 12-11 Bronze Wire Central n-10 12- 2 100% common American stocks 12- $1 Chemical Note, dividend) (extra) corp. Notices common i 1- 50c (stock European securities and 1- 12-L'O 12-19 50c (quar.i preferred preferred Central Co.— (quar.) Inc. Redemption Galls and Sinking Fund preferred 12-.*: 1 12-15 25c Cottons, 12-12 2 10c Extra j$2 America American bonds, notes, 2 1- 60c Preferred 4 1- 12-15 31»/4c (quar.i Wire & Cable Central 4 11-20 12-30 12- Water Castleberrys 12-27 11-20 12- 12-11 Co., pre.erred 5% 1 25c preferred B Carey 1 12- 12-15 25c (quar. 1 Year-end I2-10 40c quar.) * ear-end list of corporate 2 12- $1.60 Electric American a i- 12- 3/Vic (increased Industries, Petroieum American be found 12-31 12--4 $1.06'/4 (quar.) Valley American Below will H.i Carey 1 12-24 $1.05 (quar.) (extra) Bank 6% 12- 50c Ltd. American 23,702 during week 12-15 $3 (quar.) Dye Agricultural accounts, (P. Carborundum 1 $3 (quar.) & Logan Aluminum 1 12- 75c (quar.) Semi-annual 27 T2-15 12- $3 (s-ai (quar.) non-con v. 6% 1 fa0c Aluminium 222 + A pfd. $1.75 Co. — (irreg.) $4.20 com. Chemical Aliied 116 Co. preferred Allied (N. (irreg.) American demand $1 is-ai common Canadian Holderi 12- $1.25 Co. Southern stock Power Alaen's, Borrowings Debits panic, Ordinary Aluminum Interbank demand deposits: Domestic banks banks — 10,090 Govt except Government Foreign Great & Special deposits, S. (quar.) Insurance 6% When 12-15 25c 3 11-29 (quar.i Canners, Engineering— preferred Alabama Liabilities— Time (quar.) 12- 12-31 (quar.) Corp. Canadian Payable of Hec. 20c com 12-20 Extra 50c Standard 5 % 732 55 12,417 Cash in vault — Bearing Agricultural 298 Other securities — Roller 5 75c 12 V2c Class are: Share Axauama 392 + week 12- (quar.i Battery Co. Capital this Company & preferred Aetna 170 2,986 2,877 2,029 Ball 5% 750 + 3,765 announced special 65 30,994 indebtedness dividends 8 5 12-12 50c Department" in the week when Per 991 2 Sons & Co., Bolt ccnv. 5% 1-12 1212- $2.25 Trust Capita. T.a isit Co. Name of 8 25 + J.i Canadian rec¬ dividend payments in many cases are given company name in our "General Corporation Investment News Aetna 483 234 2 233 notes bonds with Further details and 2 12-23 Cal'fornia in declared. 2 1 041 of tne table 2- 11-25 12-16 50c previously announced, but 574 3,350 Treasury Reserve 19 29 + 3,372 loans Balances — 515 loans Treasury S. + 374 securities bills certificates U. 60 432 - Loans to banks Treasury + under second 1 50c Class Inc., preferred 5% 12- 50c C. I. T. Financial (quar.i California Cotton Mills (quar.i pur¬ securities estate 6 1,287 of past and Other loans for purchasing or carrying: U. S. Government obligations Other 5 a 1 v20 1 25c Brock yn Butler with iz- Corp preferred A Canada snow the dividends we The Government pther — carrying: or S. U. and brokers + 13 agricultural and loans chasing — 14,212 Commercial Loans — follow we which have not yet been paid. 1946 Assets— Loans Then week. 1 $1.60 Buffalo are grouped in two separate tables. In the bring together all the dividends announced tne current Dec. (—) Since 12- 5c (E. 7% 164 Dividends we 11-29 $1.25 Bucyrus-Erie 995 DIVIDENDS first 12- 12-15 $3 Extra member banks follows: 12-10 12-15 12-15 (quar.) Mills, Burgess of the assets and liabilities of reporting summary W.i Broadway Market $42 000,000 in the City of Chicago, and $31,000,000 in the Cleveland District. 12-31 (s-ai Telegraph & Messenger Co. Brown-McLaren Mfg. (quar.) Corp.— 1* 6 Valley Gas & Electric— Extra Puget Sound Pulp & Timber Co., 6% preferred stock—Jan Ltd., 1st mortgage 5s___Jan the Atlanta District. (quar.) Brager-Eisenberg, Inc. (quar. 1 Br.dgeport Brass Co., 5Vi% conv. pfd. Brillo Mig. Co., common Peoples Gas Co.— 12- $5 Extra 1996 12-15 12-15 12-10 __r Brach 1687 11-29 12-15 10c preferred (quar.) Bowling Green Fund (quar.) Co.— 2 12- (quar. 1 $1.25 2106 1- 12-31 <vs car-end > Industries Woven Hose & Rubber, 6% Botany 1948 Theatre Properties (Hamilton), Warren Brothers Co., class A Co. Ground Rent Extra 1 12-15 50c Boston _Dec 11-29 12-29 1 Boston J2O04 9 12-20 2'/2c Hotel Malleable Diamond Dec 20 8 12- 50c j^oud Stores, Inc. (quar.) Borden Co. (year-end) Boston & Albany RR. Co 1790 bonds, due 1949 Any time Niagara Falls Hotel Corp., 4,/2% mtge. bonds due 1950__Jan 1 North American Refractories Co., 6V2 % debs, due 1959_Jan 1 1st O'l (E. 8 12- 37'/2c (quar.) Extra * 4% money Bliss 12- 11-15 10c Appliance preferred Any time 1966 due 1948 New Orleans, Texas & Mexico Ry.— Non-cumulative income bonds, dated 1916 New 1356 Dec 26 Dec 31 5s, mortgage Corp. (init'ali 12-10 2 12-27 $1 Corp. Franklin 1 Blue 1- 1 12-15 25c common (quar. 1 Harbor B.shop Co.— Gas consolidated $1 (N. J.i Year-end Benton 1891 1891 12-29 12- $1.50 Home 1890 1 1 11-25 20C Optical, Aviat;on 1890 Jan 1967—Jan 3V4s, Amsterdam 1st Insurance (s-ai Terminal Bendix 6% series C, due 1961 Moore-McCormack Lines, Inc., $2.50 preferred stock Mount Vernon-Woodberry Mills, Inc.— New Lomb Dec 1951 2 15c & Bend.x 2102 2102 1579 2 50c Works Life preferred Bay way 1354 1- 10c (a-at Extra Co.— mtge. 50-year 5% mortgage National 4% 1- 12-19 $1 Extra bds., 6% (quar.) Co $1 Body Co. Co.— Electric & Terminal 11-28 30c Batavia Feb ext". mtge. bonds, ser. A, B and C, due Laughlin Steel Corp.— & & 1st & collat. & gen. Ref. Jones mtge. 1 12-10 Inc. Locomotive 1 1 Jan 1 12- T.i, Rau.ang Co. Benjamin 1950 12- 12-10 12-15 25c Wncox & Bauoch due 1963 A, 12-15 40c (quar. 1 Bankers York, Inc.— bonds, series 30c Corp. Inc. (B. fja.dwla due 5% (quar.) Co. Machine Additional 1 Jan Jan Alarm Voting Foods, Baucocx Jan Fire Holdert Payable of Rec. 35c Babbitt 1885 1 1951 Dec 1 1951—-Any time due 5s. When Share Extra Automatic Corp.— mtge. Jacksonville Louis St. & 1st Demand the Power Service 1st City and $88,000,000 at all reporting mem¬ District and $19,000,000 in 1350 Jan of ser. 1958 Jan 2 3Va% 1st mtge. bonds, due 1965.Doc 1 Eastern Minnesota Power Corp., 5'/2% 1st mtge. bds..Dec 18 Follansbee Steel Corp., 4'/2% income conv. debentures-Dec 31 Home (Joseph) Co., 6% preferred stock Dec 15 deposits credited to domestic banks increased $92,000,000 ber Electric & debentures, Duquesne Light Co., deposits adjusted increased $180,000,000 in City, $79,000,000 in the City of Chicago, and $50,000,000 in the Kansas City District. United States in New York convertible 3V2% $70,000,000. $69,000 000. Stores Corp. of debentures, due Consolidated Edison Co. Demand decreased optional dividend Writing Paper Corp.— mortgage bonds, due 1961 Atlantic City Gas Co.— 1st lien & ref. mtge. 5% bonds, due 1957 1st mtge. 5% bonds, due 1960 Buffalo Niagara Electric Corp., 2!4% debs., due New York deposits stock, General Holdings of Treasury bills increased $168,000,000 in New York City, $47,000,000 in the Chicago District, and $234,000 000 at all reporting member banks, and de¬ creased $20,000,000 in the San Francisco District. Hold¬ ings of Treasury notes decreased $104,000,000 in New York City, $62,000,000 in the Chicago District, and $233,000,000 at all reporting member banks. Holdings of United States Government bonds decreased $45,000,000 in New York City, and increased $18,000,000 in the Chi¬ cago District and $17,000,000 in the San Francisco Dis¬ trict; at all reporting member banks the net decrease was $8,000,000. Government 1 Automatic Power A Department 4%-6% Name of Company Page 1936..Dec 31 Inc., 6% conv. notes & Light Corp.— Co., Monday, December 1, 1947 Per Date American Loans to brokers and dealers for purchasing or Government Paper Cities class American creased $45,000,000 in New York City, $14,000,000 in the Dallas District, and $60,000,000 at all reporting member carrying W. Serial decrease of $225,000,000 a P. American System in leading cities shows the following principal changes for the week ended Nov. 19: Increases of $237,000,000 in reserve bal¬ ances with Federal Reserve Banks and $347,000,000 in deposits adjusted, and in borrowings. CHRONICLE Company and Issue— banks of the Federal Reserve demand FINANCIAL ISSUE CALLED ENTIRE Condition Statement of Member Banks ; & COMMERCIAL 12-12 „. . . , 3c v 12- 12-31 75c 12-10 12-10 12- 5 I Volume Number 4651 166 THE Per Name of Company Share Malleable Mfg. Edison Co. Payable of Rec. Name of Class A Hubbell 11-28 12-20 12- 12-10 11-28 25c 5 Industrial 1-10 12-26 Boat 1-10 12-26 12-15 11-28 12-12 12- Electric Hose & Electric & American Electrical Electro Rubber Musical 30c 11-26 11-19 shares dividend Stock 6c (Ca).U'.i & (quar.) Common (increased Common 7% & 25c quar.) Derrick Common 50c 4% 4% 12-15 2-20 3-31 6-30 Kansas 6% pfd. 6% non-cum. 6% non-cum. 9-30 12-22 12- Williams Corp. 4 4 12-13 12- 12'/2c 12-30 12-19 12-30 12-19 I2V2C (quar.). (quar.) - Extra Ex-Cell-O Corporation Fabricon Products 15c (year-end)__. 100% (stock dividend) P.ayers Canadian (increased quar.) Bake Shops, inc. (year-end) Family Finance Famous Federal 1- 65c (quar.)_ Corp. 2 United 12-20 12-20 $1 12-10 12- Cap Ferry Set & 12-10 12- 1-10 12-24 12-17 Fiduciary Trust Financial 50c (year-end) of New York iquar.)__ Industrial Co. 30c 50c Florida Power Hotels Ford 12-19 12-19 12-15 1- 12- 2 1212- 12-12 preferred preferred preferred prior preferred prior 12-24 $1.50 (quar.) 1- 2 2 1- 37'/2C (quar.)_ 2 prior (quar.) 37V2c 4- 1 (quar.) 37 V2c 7- 1 6-15 (quar.) 3 7 Vac 10- 40H Madison Ave. Fox (Peter) Brewing FOX St. Louis Co. Franklin (Benjamin) Co. Gabriel pfd. $3 12- 1 11-25 1- 2 12-15 $2.50 (accum. i_ 12- 12-19 10c preferred Corp. (quar.i 12-31 12-15 12-31 12-15 20c 20c — 2c (quar.i 4c Extra 5 % Stock- dividend Builders General Supply convertible 5% Candy Corp. Coal Investment General Electric Instrument General Mills, General Phoenix General 67© Co. Inc., (quar.i - Co., (quar.i com. Glen 1 $1.50 21 y» c Coal 12-20 X12-30 12-20 Co 50c class A 1 quar.i 10c — Stock Grand Rapids Telegraph Lakes Power Great Lakes Terminal Corp. A 30c 12-10 t5c iquar.i & $6 pfd. Company F.) — 12- 12-29 $1.50 Printing Co, $1 30c $2 Co. —— Nachman E.) Hercules Powder Dauch Co. 1 11-20 1 11-20 National 11-20 National Extra-Hinde & Dauch Paper Co. of A (extra) (A.h & — Son 8 5 5 6% National com. Gold 11-29 New 1 11-25 New Haven 12- 1 11-25 12- 1 11-25 25c Mines, 1:6c 6 12- 5 12-30 12- 12-20 1212* 8 $1.12»/2 pfd. (quar.) Hotels; Statler Co, (year-end) 12-30 12-20 75 c Houdaille-Hershey Corp. com. $2.25 conv. pfd. (quar.) (year-end)—_ Household Finance Corp. com. (quar.) 50c 56 Vic pfd. (quAr.)___ 50c New 12-10 12-20 1- 2 1-15^ 12, 12- 1 12-31 1-15 12-31 50c 12-29 12-12 12-29 12-12 62 '/2 c 1- 2 12-10 12-23 12-10 11-28 12-20 12- 12- 5 8 12- 1 1*15 11-20 11*20 60c 1- 12-19 12-10 12-15 11-29 12- 12-15 12- 5 12-23 12- 9 20c 1 1- 2 12-15 1- 11-21 12-15 11-26 9 12-18 11-29 11-24 11-29 1- 2 12-15 12-29 12-19 3772c 12-19 12-10 12- 3 12-31 12-15 12-30 12-15 1* 2 12-15 12-20 12-10 Inc.— 12-26 12-12 12-26 12-12 50c 25c 75c 12-19 1- 2 12-12 1- 2 12-15 1-15 50c 12-22 12- 4 12-17 12- 1 12-15 121- 5 9 12- 1 11-15 $50c lr 2 12- 5 50c 50c (year-end) 1*15 12-15 1212- 8 50c 12-19 12- 8 25c 12-20 12- 4 12-20 12- 4 $1.50 (N. Y.i Insurance 2 1-12 (quar.) 13c 2 12-15 11-28 1- 11-24 1- 2 12-15 Clock & Watch Co.— conv. pfd. (quar,) 2272c Jersey Worsted Mills Jersey Zinc Co. (year-end) York & Harlem RR. 10% 2 pfd. (s-a)___ 12-15 (year-end) York: State, Electric & Gas Corp.— 3%% pfd. (quar.)— 12-12 12- $3.50 12-10 12-1 5 com 93%c 50c $1.0614 1- 2 12-18 1- 1 12-10 12- 5 Paper 2 12-10 1- 2 12-10 40c 8 12- 2 12-15 12- 2 25c (quar.) 12-10 11-24 12-10 11-24 $1.25 Chemical Mines, & 1- 2 1- 2 12* 93%c (quar.) 1- 2 12-15 (year-end) 60c 15c Trust 12-12 Y.) 12- 5 11-29 12-15 1- 12-19 2 1-2 12-15 1-2 12- 5 25c 1- 2 12-20 $2 1- 2 12-20 (year-end) 1-10 12-12 $1.50 $1.50 (quar.) 2-25 25c pfd. 2-28 $25c 12-15 12-15 50c (quar.) 30c 5c 2c Corp. 1- 2* 1 1-16 12* 1 12- 8 1 12-18 12-10 12- 1 12-31 12-19 12-10' 11-25 12-10 $1.31 V4. 11-25 2- 2 1*10 12-31 12-10 50c 12-10 12* 1 $1 12-15 12- 5 10c 12-15 11-29 107c common pfd. A (quar.) Stoker Corp. (quar.) Cable Corp. com. (quar.) pfd. 8 2 $1 20c conv. 1 12- 1-15 $1.75 com Corp. Textile 1 — pfd. (quar.) (quar.) Extra 15c (quar.) 1- 2 Metal Works 1- 2 12-10 30c 12-22 12*12 12-22 12-12 30c 11-25 11-15 70c Art 30c 12-10 90c Ronson 11-25 11*15 (quar.) Extra Ross Gear & Tool Co. (quar.) Extra Rosser & Pendleton, Inc. (s-a) 25c Extra 1- 2 1- 2 12-10 12-10 11-28 25c Corp., new (initial common 12-10 20c 30c quar.) Extra Ruberoid Co. 12-10 11-28 (year-end) $1 Russell Manufacturing Co. (quai\) Manufacturing Co Safety Car Heating & Lighting Co., Quarterly 12-20 12- 5 37'/2c 12-15 11-28 25c 12-11 12- 1 $1 12-23 12* 5 $1.50 Ruud 5 Inc.— Extra Pulp & Paper (quar.) Louis Public Service 4%% Works 12- 12- 1 11-22 12- 1 11-22 25c com© (quar.) 12-15 50c 12-15 12- 1 41 Vic St. Louis Rocky Mountain & Pacific Sanger Brothers 5'/27© pfd. 4quar.) Jose Water 12-23 15c 25c Helen's Extra 12-15 12- 5 50c 1- 2 $0.296875 pfd. A Savage 1- tl'/2c (N. 12- 12-20 25c Ltd Revere Copper & Brass 5V47c pfd. (quar.i-. Reynolds Metals Co. (stock dividend) 12- 1 Arms Corp. (year-end) Company (quar.) Schiff 12-8 12* 12-15 (quar.) Extra San 12-27 12-31 Republic Realty Mortgage (annual) 12- 1 12-10 11-20 25c 12-18 12- 25c 12-15 11-29 75c Extra 12-15 11-29 8 Scruggs-Vandervoort-Barney, Inc.— Common (quar.) preferred A $4.50 15c Water Service 1- 2 12-20 $1.12V2 (quar.) Scranton-Spring Brook 1- 2 12-20 Co.— Common 4.10% 17'/2c pfd. Seaboard $2.60 .conv. Seeman pfd. Bros., 12-15 $1.02'/2 12-15 35c 1-10 12-15 65c 1-10 12-15 25c (quar.) Finance Co. 12-15 com (quar.) Inc. (quar.) Seiberling Rubber Co. 57© pfd. A (quar.) (R. 12- 4 1- 2 12-15 1- 2 12-15 12- 8 12'/2c dividend tax 11-28 5c Sharon Steel Corp. Shawinigan Water & Power (quar.) Shell Union Oil Corp. (year-end) Sheller Manufacturing Corp. (year-end) Sick's Breweries, Ltd. (year-end) 12-11 12- 3 50c 12-31 12-12 130c 2-25 1.-16 $1.50 Co. (quar.) 12* 12-15 12- 12-26 11-27 $1 Pattern 12-16 25c J25c Simmons Co 12-16 12- 10c Year-end 20c Smith-Alsop Paint & Varnish 77« pfd. (quar.) 8'7V2c Sommers Drug Stores conv. pfd. (initial quar.) South Penn Oil Coi (quar.) 12V2c 12-24 5 3 5 12-10 12-24 12-10 12- 1 11-20 1- 1 12-15 25c com. 87© pfd. 8% pfd. 12-16 1- 2 12-16 1- 2 12-16 $2 1- 2 12-16 2 12-15 10c 2,y2c 12-31 12-26 12-26 12-31 12-26 25c 1- 6 12-15 50c ($25 par) (initial quar.) ($100 par) (quar.) 5 1- 2 50c Extra 5 $1 (quar.) 12- 18%c Rico Sugar 12- 12-19 $1 Porto 12-19 $2.50 Extra South 5 B.), Inc.— Mexican Simplicity 5 12- $1.12. pfd. (quar.) Selby Shoe Co Less 8% 12- $1.25 4'/2% 2- Springfield Fire & Marine insurance Co.— New- common Standard (initial) Factors Corp. 4772c (quar.) common Extra 75c preferred (quar.) Standard Steel Spring Co. com. 47© conv. pfd. (quar.) Stanley Stoker Co. Works (year-end) (year-end) 75c (quar.) 50c Extra 1 1-12 12-23 12-12 1- 5 11-28 1- 5 11-28 1-10 12-11 12-12 12- 5 12-20 12-10 75c Co. 12-20 25c (irreg.) (quar.) Extra Superior Steel Corp. (quar.) Sylvania Electric Products, Inc., preferred 12-15 11-29 Technicolor, 12-15 12- 5 Tecumseh 50c 12-22 12- 5 Nopco 60c 12-18 12-10 12-19 12- 9 1 1- 2 12-20 1* 2 12-15 (year-end) 1 Transmission com 30c 12- 50c Co. Temple Coal Co. $6 pfd. (accum.) Gas 12-15 $1 Inc Products 12-15 2 25c Taylor Instrument Cos. (quar.), Taylor-Wharton Iron & Steel 15c 1- 2 1- 35c common— (quar.) 12-19 20c 12-10 25c 25c Year-end Tennessee 12-31 25c Corp. Sunstrand Machine Tool $4 1- 75c: 50c Niagara Share-Corp. class B (year-end) Niles-Bement*Fond' Co.^___^___ (year-end) Co. (year-end) 12-12 1- 12'/2c Stewart-Warner 12-10 12-12 2 $1.50 2nd Strouss-Hirshberg 2 2 1- $ 1.121/2 pfd. A com. 47c 4 lr 4 1- (quar.) Extra Noma Eleetrio Corp. Chemical Co. 5 12-19 12- (quar.) 12- 12-19 1 12-18 10% Co. 12- 25c 12* 50c 12-24 50c 12-15 I772c Bank 12-15 $2.50 (quar.) Dome Reading Co. St. 1-2 30c 40c 6% pfd. .(quar.) Quebec Power Co. (quar.) Rapid Electrotype Co Standard 12-20 New Newport industries, Ipci 414% pfd. (quar.)L__ pfd. Rowe 1-15 2 30c & 30c Brake (year-end) City Omnibus New York Hotel Statler Co. 2 1- Coke National 47c 2- Light Co.— (quar.) $1.50 York Air York' 1- $1.50 (s-a) 12-15 2-16 $1.25 & Exploration Co. East — $1 Fire 2- 12-31 8 25c Quaker Oats 8 12-15 12-31 11-28 50c 5 12- 12- 12-13 5 . Corp.— (increased quarterly) Pyle-National Semler 30c 10c New ' 12-29 25c 12-23 12- t$1.50 11-24 59%c 12-15 Sand pfd. $4 4 12-15 2 12-24 Quarterly Rome 12- 2 1- 25c Public Service Co. of Oklahoma 47© Publication Corp., 7% 1st Riley 12-18 25c Preston St. 2 Glass (quar.) Corp. 3%% Riegel 5 12-12 $75c (quar.) Pittsburgh Metallurgical Co._ Plymouth Rubber Co. (year-end) 8% 5 5 1- $4 pref. Public 1- 5 1212- 20c (quar.) Co. Pittsburgh 12-12 12-12 12-15 5 12-20 12-12 2 2 2 (quar.) New 2 93%c com.—- —,'_J New 8 12-20 2 1- 1- (increased quar.) New 20c 4y2% B England 4V2% 5 12- 90c (quar.) pfd. (quar.)— 1- 1- 1- 62M>c New Haven Water Co. Ltd.— Extra- Natural Gas 12-17 5 15c Safety. Bank & Trust Co. 2 25c Consolidated Quarterly $6 2 75c Philadelphia Co. $5 pref. 5 11-26 Year-end 1- Extra Hollingcr 1212- $1 pfd. 12- (quar.) 12-10 12-10 12-19 (quar.) Co. (quar.i 5c 12- 2 1- 50c Extra Philco 1- 12-12 $1 dividend Petroleum 11-14 1 Extra $1 Extra Hollander- 12-12 1 Nesbett Fund, Inc 1 year-end) 2 25c $1.18% Ltd. National-Gypsum Co. $1.50 class B 1- 11-15 1- (extra 1 (year-end) Year-end 12-15 50C $1.50 Co. 12-31 6 12- Extra 1:25c Mfg. 20c 12- Dehydrating & Milling Co.— National Lead 12- 12-13 2 12-19 6372c pfd. (quar.) 12-16 12- 1- 60e 34%c Mills, .125c $3.25 Corp com. preferred Stock 12-20 $6 Register National Folding. Box Canada, Ltd.— Quarterly Hoover Co. 5% 12-26 3 12-20 1*15 (quar.) (extra) 11-24 lr 1-15 50c com. 2 12-24. 11-12 (quar.) - 12-26 $1.50 ■ 11-22 59%c 12-11 12- 1 25c National Alfalfa 6 12-22 1 12- pfd. (quar.) 11-29 (quar.) Pepsi-Cola 12-23 pfd. (quar.) 4V'2 % Reigel 12- 30c Additional National Acme Co. 6 95c 2 5" 12-15 1:50c quar.) com. Cash 50c 1 Corp (quar.) Breweries, (quar.i 1- 12- 12-15 25c 12- iyear-endi 12-15 75c (year-end) com. 25C: Paper Co. 12-26 50c Corp. 12- 1- 12-26 1-15 25c & Bros. 1-15 25c 1-15 $3 50c Hinde & IF. 12-23 Corp 11-29 3772c (quar.i 11-29 (initial) com. People's Drug Stores (cash dividend) 8 12-15 10c < quar.) (quar.) pref. conv. Co. 12.-23 12- 12- 12-12 15c (year-end) 1 2 12-11 25c 6 1- 2 75c Corp 6 $1.75 lr 12-31 25c (quar.) lr 12* 12-21 60c quar.i ^ $2.50 (quar.i $1 (initial 1- Cement Corp. Motors (quar.) (s-a) 2- 2 12-11 $1.62,/2 pfd. (quar.) Service 25c 1- 12-21 Ltd. Common 2 12-15 30c 11-18 Year-endi! Hercules (quar.)_ 4%% pfd. (quar.) Muskogee Co. (quar.) 8 $1 5 12- 1- 6 75c is-a) Extra Myers Co., common 12- 12-19 20c Co. Murphy (G. C.) Co. 11-18 12-20 12-20 $1.06 74 (quar.) Corp $1.12'/2 iquar.i 12-15 25c pfd. Brass 12- 25c 2 8772c Vernon-Woodberry 11-26 11-25 11-28 1- 37'/2c Common 12-22 1007© preferred Hercules Mount' 11-25 _ dividend - pfd. (Denver) (increased Forging pfd. 12-19 A Extra (George W. 1 $1.50 (quar.) (quar.) Paper Mills Mueller 5 15c _ pfd. Corp Water Mills 50c iquar.i —— 4!/i7© Refineries ,$1.50 conv. 4%% 5 12- 12-12 5 Packing Co.— Motor Products 5 12- 12- 25c $2.50 T4>* Stock Co. & Co. common Morris 12-15 1-15 12-15 40c Extra 12-20 12- 12-20 75c preferred (quar.) Hathaway Manufacturing Co. 57© 2 12-15 Ltd.— (quar.) (com.) Public 12'/2c pfd. conv. 4>/}% 3% 7© 2 1- 2 J20c Refrigerating Co. class A Drop New 5 25c iquar.i of America, class Corp. rrioca Houston 1- 12-15 1- Cement preferred Common Moore-McCormack Lines— 12-18 i initiali com. 3 1-15 12-12 50c Extra 12-24 $1.50 (year-end) Common Class 1 12-12 __ Harrisburg Hobarfc 1 12-31 iquar.i new Railway is-ai Steel Corp. (quar.) Harrisburg Hart-Carter 77©> 1212- 12- 1-22 80c Co. 12-12 12-15 (year-end) 5% pfd. (quar.) Pennsylvania Power 8 $6 4%% 12-12 25c (W. Helme 1 12-31 Extra Hat 2 12- Moore 12- 12-27 f$7 (year-end) Telegraph Monroe Auto Equipment 5% Monroe Loan Society 5*/2% 5 12-31 12-10 12-19 60c Extra Corp.— iquar.i- iquar.i preferred 4'/ Co., Lamp Hall 1- 12- 2 tl7V2c Brewery, Ltd. Monarch 12-15 $1.50 pfd. 6'' & Oil Corp. Molson's 6 $1,061/4 Engineering (Balt.i, Realty Power Co. Haloid 12-10 12- 25c iquar.i Year-end Hall 2 1-15 (s-a) (quar.i Aircraft Grumman 1- 12-16 1: $ 1.7 5 (quar.) Warehouse com. preferred 12-13 1- 12-19 25c (quar.) new 12-31 Companies Pennsylvania 12-19 20c .#<* Bumper Missouri 6 6 1 2 I3%c Company Mississippi Valley. Barge Line Co. (year-end 6 1212- 40c Gulf 12- 12-13 $1.50 1 quar.i pfd Wire, Ltd. LB.) Greyhound Guilford 12-13 10c $7 (quar.) Midvale 1 12- 1- Ltd.— com. (quar.) & Son preferred Midland 12- 12-12 t$1.25 Steel, Railway, Penn Electric Switch Co. $1.20 pfd. A (quar.) Pennsylvania Coal & Coke Corp. (resumed)— 11-25 10c (quar.) Middlesex 4 12-13 Varnish Great & Co. Mid-West 5 5 50c Corp. Forming 12- 5 12- 87V2c Drilling preferred 12-20 10c (quar.) 22 '/2C 4'A7©< 12-20 12- 12- 12-31 lOe Michigan Seamless Tube (initial) Mickelberry's Food Products $2.40 pfd. 5 12-31 50c Co. (F. H.) 6Vs'/f 12-11 5 15c & Field Michigan 12-11 12- 12- $1.5t (quar.) 6% 11-25 $1.25 Virginia (irreg.i pfd. (quar.) & Meyer (H. H.) 5 5 5c OH Corp.- Metal 12- 50c • B Messer 12-10* 12- 22 '/2c B Greening 2 2 30c Extra & 11- 12-20 $1.12'/a (quar.i Distilleries Co., Glenmore Gold 12-15 15c Alden Class 1- 25c — (quar.i (quar.i Harvester 1 1 50c Publishing Co. (quar.) Mergenthaler Linotype (irreg.) 12-16 1 Inc Structural (Mi) $3.50 12-19 2 $1.25 Extra 4l/2preferred Gleaner 12- 1-26 1- 10c common Co. Peerless Penmans 11-22 37!/2c (quar.) (year-end) Meredith 5 25c (quar.i Co., 12-15 12- 40c 1 quar.i Signal Railway Products 70c — iquar.i preferred 5% Corp. preferred Gerber iyear-endi Corp. (quar.i Corp. 2 1- 1 12- $1 (quar:) pfd. (quar.) Class 5 12- 12- $1 Ishpeming RR. Co Telephone Merck & 12-15 12- 11-22 40c Extra 12-31 12-15 1 12-22 (extra) Merchants Fire Insurance 11-29 12- 75c Merchants 11-29 11-22 12-22 (quar.) Manufacturing Co. McGraw 12-10 12-22 31'/4C 50c General 12-10 1 60c Marshall 11-29 12-22 (quar.) Corp Extra — (quar.i (quar.i Extra General 12-20 25c preferred Corp. 12-20 12-22 12- 25c Co Co. 12-15 12-15 Transportation (quar.) Patchogue-Plymouth Mills (year-end) 12-13 50c Stores Marsh 12-13 2 20c (quar.) Common 12-15 12-31 2 1- 50c & H.) Maritime 7% 5 25c (quar.) common Cement (R. Marion 2 37 V2 c (quar.i Co. 12- 34 %C (quar.i Extra Box 12-20 12- 1- $3 5% pfd. (quar.) Mading Drug Stores Co. 55c pfd. (quar.) 2 12-15 $3 Extra 2 12- Inc. 11-20 1-2 25c Parmelee $1.75 (quar.) Mapes Consolidated Mfg. Co. 8 12- 12-20 28 VBC iquar.i___ common preferred conv. General 12- 12-20 30c preferred (quar.i Garfintkel (Julius) Co., Garrett 12-15 1 10C (initial quar.i Inc., com. Star Mangel 11-28 25 c Co., (quar.) Manufacturers Life Insurance Co. (Toronto )— Semi-annual 1 12-15 67© General 12- $5 — Company (Robert) 51/2% 12-11 65 '/2c (year-end) Hotel Co. (year-end) Year-end 41/2'if. 9-15 25c (quar.) Properties, 1 $2.50 pfd Corp. $5 non-cum. Fresnillo Gair , Paraffine 1-12 C Co. Refineries, MacKinnon 3-15 prior 1-31 Co.— & MacKinnie Oil 12-15 6% 67© pfd. Ry. 11-20 11-25 10c 2-2 2- 12-16 9772c (quar.)__ Indemnity Co. (quar.) 2 (s-a) Rubber Electric Candy Macy 1-31 pfd. Extra 2-2 $1 2 11-25 $25c 871/20 Year-end 12-15 6% H.) Loft 12-20 1- (S. Lone 12-15 25c Foreign Light & Power, bV 1st pid. Foster-Wheeler Corp., common $4 Electric Pacific 12-20 1- $1.50 2 Co.— Extra 12-15 (s-a) Lindsay Light & Chemical Liquidomete-r Corp. (irreg.) 5 12-22 12-12 2 20c Press, Lit Brothers 6% 1 12-20 $1 50c pfd. Life Insurance Co. of 8 2 1- 50c Leonard 11-30 75c (s-a) pfd. B preferred Leland 12*12 1- $1.75 Landers, Frary & Clark 8 12- 25c (year-end) Corp. Co. 4c t.\ ear-end)_ (increased) Corp. Steel Follansbee Inc. (quar.) Stores National F.irst Fund, Pacific American Fisheries Pacific Coast Aggregates $3 Land Lake Superior Year-end 5 1-15 Co. Screw 12-10 $1.50 (I. B.) Kress 5 $2 $1.75 (quar.) 12-31 (quar.i 7% & Gulf Company, 4% Cleaning & Dyeing- preferred Electric Kleinert 12-10 Extra 7% Ox Fibre Brush Co. 2 2 11-29 1- $37V2c 12-15 1- 12-10 *31 Vic 12-15 15c 12- $9 (quar.) 12-15 (quar.) 6 12- 5 12-26 (year-end) common 2 2c KOppers 12-10 Ltd., preferred 2 Extra 10c Oneida, 2 (quar.) Copper Co. Kingsport 12-10 12-11 1- Extra 12-12 1- Ohio Public Service Co. 3.90% Omnibus Corp. 1- 10% 12- 50c 50c 2-19 12-10 1- dividend) -12-10 2 75c 1-2 Ottawa 1- 12-20 93%c 3-10 1 12-17 t8%c Quarterly $1.50 Y.) com. When Holdert Payable of Rea. 30c Northwestern Telegraph Co. (s-a) Oakland Title Insurance & Guaranty 6% (s-a)i County 12-12 12-31 8 8 $1.50 11-29 12-27 12- 12- 43%c Special Kern 12-18 15c Common A 2 Greyhound Lines pfd. (quar.) 3;%% l Extra (quar.) 12-15 25c Fenton & 1- 6 70c Indiana Public Service Co Natural Gas (year-end) Northland 1-15 12- 20c B Oklahoma Kennecott 12-10 1:25c Truck Motor Federal Gas $6 pfd. 12-31 50c (s-a) Kansas 1 12-23 t$1.50 Co. 7-26 2- 12-20 * 7% (year-end) pfd. (accum. $1.75 pfd. (quar.)^ 2nd pfd. 4-26 $1 (N. 2nd pfd. A 3-15 (quar.) Products CO". Justrite Mfg. 10-25 1 $1 1 3%% 1-25-49 12- Oil $1.62 Vi (stock Extra 12-15 $1 12-15 $3 (accum.) Co. $1 1 • Northern Texas Oil, Ltd. North Star Northern 1 $1 Jeannette Glass* Co. 7% pid. Johnson & Johnson 8% 2 50c Eureka Ironer $1 preferred (quar.) Evans 12-15 12-15 1- 12-10 11-20 12- Per Share _ Company Central 12-15 15c pfd. B (accum.) pid. C (accum.) Irving Trust 12-15 North 12-1 (initial) preferred A 6% 12-15 2 (quar.) 6V27© 1 ' (quar.) Co. Corp. 25c preferred (quar.) Railroad 1- $1.75 (resumed) preferred 4% Erie 12- 12-31 $1.75 (quar.) preierred 12-22 12-31 & Equipment— 4% 4% 2 12-15 Phonograph— (year-end) preferred 3 . Name of 12-10 12*20 10c Ironrite 20c Radio 1- 17 Vfec preferred (quar.) Emsco 12-10 Co.— Extra 7% Emerson 12- 12-20 57© Mlg. Brownhoist common 77© (quar.i Electric New 12-20 20c (quar.) International Power Co.,Ltd. 67© 1st pid. <s-a> International Silver Co. 7% pfd. (quar.) Iowa Electric Light & Power Co.— Alloys Corp.— dividend Emerson 12-16 25c (year-end) Products Refractories Gasn (quar.) Industries;' Ltd.— „ Payable of Rec. 50c Ingersoll-Rand CO., 67© preferred (s-a) Inspiration Consolidated Copper (year-end i_ International Business Machine— 5 45 Holder» 31'/tc Extra 25c Co Bancshares Industrial 11-28 40c preferred (quar.) When $2 12-10 $1.62 »/2 Year-end 6 >/2 7© 40c Pulp & Paper Corp. 5% pfd. A (quar.) Huttig Sash & Door " Electric (quar.) Hudson 25c * CHRONICLE share (Harvey), Inc. 40c _ (increased) Company Extra $2 (increased) common B 11-28 12-10 Inc.— Year-end Class 12-10 (extra) (Tnomas A.), FINANCIAL Per 50c Iron Extras & Holdert $1.75 Eastern .Eaton When COMMERCIAL 12-19 12- 40c 12-10 11-29 9 25c (initial)., 12-24 35c 1- 2 11-28 12- 5 8 12-10 46 (2250) THE COMMERCIAL & FINANCIAL CHRONICLE Monday, December 1, 1947 V1 ■» Name of Company 4.10% pfd. 414% Share (quar.) pfd. ____ (quar.) $1.02V2 Corp. (quar.i Thrifty Drug Stores, common 4'/a% preferred A (quar.) 4%% preferred B (quar.) Company (increased quar. > Thermatomic Carbon (quar.) Shovel 7% pfd. Co. (quar.): Steel Co. 12-5 12-20 12-10 1- 2 12- 15c 1- 2 12-15 1- 2 $1.50 t3b4/5C 15c $4 12- 8 12-1 : 12- 1 12-23 $2 12-12 11-28 12-15 Co. Travelers Insurance (quar.)- Extra 12-15 12- — pfd. (quar.)—1 Tropic-Aire, Inc. 6% Electric La Salie Street Corp. 208 South (quar.)_ Light & Power 62 %c (quar.)____ Clutch Carbide Union Co. Metal Union ! Extra — $6 preferred (quar.) Fidelity & Guaranty (Bait.) U. S. 12-12 1- 2 Casualty Co. & preferred S. Truck 12-10 & 12-10 12-10 American & 1-15 5 rate of ,l0 of a United Steel Wire & 3Va % of. class Colortype Co. Cyanamid Co., 4 12- 4 American Felt 12-15 12-15 12-15 12-15 12-15 12- 6 4%% 12-20 12-12 12-10 12- 1 American 3-12 12-15 12-15 11-29 12-15 11-29 40c 12- 5 11-25 1-10 1- 2 12- 6 Co. (quar.i Extra Mohawk Cotton Mills Viau, (quar.) __. i-itd. t25c 3- 1 75c prior pfd. (quar )_ Vulcan Detinning Co. (year-end) Extra 5% & Snowdrift (s-a) Trustees Whittier (s-ai Inc. 4V4% pfd. pfd. 6% Wilsil, (quar.) Oil (quar.) (quar.)---- Ltd. Wiser com (quar.) Wisconsin Investment Co. Co. (year-end) (Alan) Steel pfd. 7% Newspaper. Machinery Wood Year-end 7% com. American Class 7* $4 Car (quar.) Abitibi Power & Paper Co., Class 6% A preferential 12-15 12rl5 12- 1 Corp., 5% preferred (s-a) Works, Ltd., $1 Steel Co. (quar.)____ 12- 1 11-21 Beneficial 50c 12-15 11-14 $1 12-10 11-20 $1.50 12-23 12- 5 dividend 20% 12-23 12- $1.35 12-22 12- 5 12-12 11-28 Acme 12-15 preferred (quar.) Surety Co Telephone & 4%% 12-15 Thermos preferred Packers Engineering Association Allied Mills, Inc.: Allied, Stores Corp., preferred AHis-Chaimers -3%% Allis (quar.) (year-end) Mfg., common preferred Co. '(quar.) 35c of $3.75 preferred America, (quar.) Aluminium Co. of Canada, i% preferred .'(quar.) ' __ comnion_ - Mfg. Co. (irreg.)_________ Extra — J __ Arts Inc. Bigelow-Sanford . Farms Co., 12-8 30c 12- 5 12-21 1-2-48 12-21 5 $1 12- 1 12- 1 11-15 12-30 12-20 11-13 12-30 12-20 12Vac 12-30 12-20 $1.25 12- 1 11-20 87%c 12- 1 II-14 $1.50 12-15 12- 30c 12- 1 11-20 $1.05 (quar.i. 25c 15c common 12- Black Bohn 1 (quar.)— $1, fSt . 30c 25c 11-10 12-15 12- 12-23 12-23 12- 1 12- 1 11-20 10-31 10-31. 11-29 12-15 11-29 15c 12-26 12-12 , (quar.) Co.— pfd. (quar.) $6 convertible prior preferred (quar.) $1.50 Artloom 1-1 12-10 Extra v 12- 1 Armstrong-Rubber Co., class Equipment Corp., 4%% (increased pfd. 12- 1 12-1 20c 12- 1 Refining Co. (increased quar.). 25c. ,12-15 r Hi S Investment Co. (quar.).i . • *40©;. '-12-»"t $1.50- 12- 1 . 1 12-5 , 12-10 ' 1- 2 12-15 12- 1 $2 12- 11-28* , 1 1- 2 U-21 S 11-21 12-23 $4 12- 50 c 12-20 12- \ 25c 12- 1 .1*1-20 "»10-10 (quar,) (quar.) ____ 12-15 12-15 0 11-20 .12- 2 11-25 ; 11-28 ,11-28 9334 c 1-15^48 t25c (quar.) 12- 12-10 40c Note Ltd. 12-?1 25C preferred Bank til 62 %C (rcducedl Oil, .>.11-14 30c $1,25 participating I "'t Bearing American t25c. .12-15 ; 11-17 1-2^48 ,?12-4 Brooke Motor Co (E. & G.) Iron (quar.) Extra $3.60 11-20 12-2 11-20 10c - Brooklyn Borough Gas Co.— 4.40% preferred (quar.) Brown ,12rl5 12*' 2 12-15" 11-25 20c Initial Brockway „ •^.:1-' 7 2-2-48t 50c ____ 2-2 5 i tl5c,« 25c ' - (year-end) 12-15 11-25 8 Columbia Forest Products, Ltd.;— British • 11-14 "12-26 12-10 $1,75 (special) Co.. 2 12-10 50c (quar.) Gclanese, .Ltd.— American deposit receipts 11-14. ^12- 1 45c Trust 1- 2 1-2 British 11-14 $1.75 ... 1- 87%C —1.__" 3%% 12- 1 . 11-18 11-18 $1 Co British-American 11-21 11-21 ( 1 1 1-16 75c — Roller British 11-21 25c ,1— Associated 12?I6 1212- -n Estate — Wharf Bristol-Myers 12-16 1- 2. Real Extra- 2 $2 20c Brewing Corp. of America (quar.) Briggs & Stratton Corp. (quar.) 12-16 1-2 MVtC (quar.).__ quar.) 8% -1st preferred (quar.)i^..__w: .7% 2nd- preferred (quar.). 1-2 (s-a) Inc., $1.20 preferred (quar.) Boyertown Burial Casket (reduced quar.)__. Brazllian Traction Light s Power,'.Ltd. (s-a). 12- 1 25c 59%c (quar.)______ interest W.) Bowser; 11-10 12-15' 25c convertible' preferred Corp. Bower 12-10 1-2 40c 933/4c ' 12-2 15c Common : Armstrong Cork Co., common $3.75 preferred (quar.) 12- 12-16 Boston Woven Hose & Rubber Co.— 1-25 - 12-16 America- of Scrymser Co Extra 11-10 11-10 5c & Borne 1 $1 _____ 11-10 25c common 25c Corp. (quar.) Borg-Warner, common (increased quar.) Special 3%% preferred (quar.) Boston; 12-1 12-1 2-2-48 12-1 12- 1 12-15 1 50c beneficial of Boston 12- 1 Co., Inc (reduced) (extra) (extra) (George 11-20 1- 2 75c 12VaC 7V2c $10c 1$ 1.12%. & Brass Extra 11-20 > - & Co., class A B Units Borg 11-20 12r 1 (Sidney) Aluminum Ami Bond Investment Trust 12-19 12-19 50c (quar.) Extra Armour & Bryson, Inc.— preferred (quar.) Co. (increascd)^ Blumcnthal Bon (quar.) Sivalls 414% 1 10c Arkansas Natural Gas Corp., 6% & Black Hills Power & Light Co., com. $4.20 preferred (quar.) 11-7 11-15 12-15 common Arkansas-Missouri Power . 12- 1-2-48 $1.50 (irreg.). common preferred (quar.) Son, Inc., 5% preferred (quar.) Birmingham Gas Co.. $3.50 prior pfd. (quar.) Birmingham Water Works,. 6% pfd. (quar.) 1-21 5% (quar.)^ Co. (quar.) partic. preferred Participating Aro 1-14 Carpet, convertible 5"r. 12- 1 37%C 25c 12-1 $1 1-14-48 11-20 v'iir26 11-10 1-2-48 50c (quar.) preferred (quar.) Herbrand Corp., Bird 12-30* 12- 1 (irreg.) gus.Corporation .Ltd. com. (quar.) 4 Ya % conv. preference (quar.) <11-26 Co. Bingham 11-10 tl5c Special Special 12-10 1-31 1 $1.75 $1 Manufacturing Class (quar.) Corp.., Farms. Milling 50c 12.-15 12-13 12- $1.50 12-15 (quar.i Telephone Co.— Class A (quar.) Anglo-Iranian Oil Co., Ltd. (interim) 11-15 .12-15 1-1-48 50C (quar.) 11-14 12-10 ' 11-20 1 .4%% 75c 11-20 1 Cement— 2 12- t 12%c 12-22 $1.80 1-31-46 (quar.) preferred Class B 40c', 1 12- 5 1- 11-15 ,25c Extra 12- $1.25 (quar.)___ 11-20' 12- Products Post ■ Aluminum Goods preferred & 1 15c Metal. prior 11-20 12-1 preferred Limestone 12- I-15 11-17 11-20 : $25o convertible 12- 35c Extra 12-15 11-17 Ashland Oil & . 50c Spinning Associates(initial quar.) 1-31-48 $1 Fine $3 12- 12-20 Ltd.— 11-15 12-15 93%o Alpha Portland Cement (year-end) 11-15 12-15 12-1 . II-15 1 12-12 12-1 15c $1. Co. 2* 1 1 12- 25c $1.25 -!—i Aluminum 11-17* 1212- $1.06%, 25c $3 12- 12 %c (quar.) $1.06% Arden 12-5 12-15 Year-end 11-28 12-23 12-15 2 1-8 Ur2Q 12-18 40c (quar.)_ 2 1- 2- 2 prior preferred (quar.) Inc., 6% preferred (s-a) 1-10 81 %c (quar.) 1 1- $1.25 30c common— convertible 6% 11-14 12- 15C Biaw-Knox 12-15 12-18 11-29 11-13 12-19 12-11 11-21 12-1 11-29 , 1 12- 5 11-21 1-20-48 12- 12-20 2- 2 & Smelting, 12-12 $1 1-2-48 25c 10c Zinc Lead 12-12 75c (quar.)_ common 1-2-48 1* Arcady 1 11-29 12- Archer-Daniels-Midland 1 11-17 11-17 1-15 11-20 12- 1 12-15 11-15 12-11 12- 1-2-48 $1 l $1 ; 11-14 $1.75 Anchor 1 11-29 1 1-2-48 < $1 Bibb $1.50 (quar.) prior preferred (quar.) (quar.) American Writing Paper (initial) 11-28 1$1.50 11-29 12-26 12- $1.18% t$l Corp., $6 preferred (s-a) Brewing Corp. (year-end) common 6% 12-26 1 5 preferred 12-1 12- 12- 1* 12- 12*- 11-15 2 1* Arcade Cotton. Mills Co., common «% preferred (s-a) 12-12 1 1- 12- Applied 12-22 12- 12- 50C Bessemer 5 1 12-15 12-15 30c (quar.) Co., common (quar.) preferred Berghoff 12-15 2 12- 11-20 12-10 12-1 1- 12-15 12-15 11-20 $8 12- 12-16 15c 5 53%c 75c (quar.) common 11-20 25c 11- 4 1 12-16 131.75. 12- 75c Co., Inc., 12-15 80c 11- 4 12- 15c Berkshire 12-15 12- 5* 12- 1 40c (quar.)_ i i 2 12- 2 $2 7% 11-29 1 5* 1- convertible $4 10-31 common 1- 1-15 (quar.) Woolen 12-15 12-15 (increased quar.) Bethlehem Steel Corp., common 7% preferred (quar.) 1-2 Extra 12-15 12-1 1212- 50c 5 1- 2 II-17 12-15 12-26 12-19 rgus. Inc., Year-end - (quar.) Co., common Apex Smelting. Co. 15c 11-17 11-17 6 50c Extra 12-10 $13c 1 12- 11-10 B 25c (quar.) convertible (Louis) Extra 1 12- 12- 6 12 %c Co 12- $2.25 1 12- 1 12- 1 Tobacco 50c (quar.) Allegheny-Ludlum Steel Corp. (year-end 1 Allen Industries,'Inc., new com. (initial) \r. 1 12- Ties, Inc Inc. (quar.) Extra Co.— 1-2-48 $50c , .4% 12- 2 11-17 150c (quar.) 2 $1.25 $1 (s-a) Agnew-Surpass Shoe Stores— New common (initial) Alaska 2 1- 1 12- 1-2-48 American Ampco 1- 12- 37 %c 1- $1.75 Bottle 1 12-15 Extra (quar.).. 2 11-19 12- 137 %C Extra Co.— Telegraph 25c Addressograph-Multigraph Corp. Admiral Corporation (year-end) . Refining 12- 12-15 10c (quar.) Packing Co. Extra 4% 2 3 $1.12% 35c Sugar American 7% 12-31 12-15 12-26 1- 12- 50C (quar.) 35c 7V2c 2%c Extra Aetna'Standard 90c 50c 1-6-48 25c 7% preferred (quar.) Belknap Hardware & Mfg_ Bell Aircraft Corp. (year-end) Bell Sf Gossett Co. (quar.) New (quar.) 12-10 30c $1.75 (year-end) 12-10 2 30c Extra 4'/,.% Co. 2 2 20c Railroad Bell & Howell Foundries I- 11- 125c (quar.) Beldlng-Corticelli,: Ltd., 12- 5 Anheuser-Busch, (quar.)___ pfd. 11-20 American Payable of Rec. $2.50 Glove 12- 1 $5 11-28 11-28 1-20 40c 12- $25c Extra—- Acme 11-20 5 12-15 12-12 45c (quar.) Shoe Corp. 4%% pfd. Belden Manufacturing Co. (quar,) 12-31 Stamping Ltd. (A. S.) 12-31 $$1.25 common 12—1 dividend) 11-15 50c Extra 20c American Ltd.— (quar.) (quar.) preferred Electric Acme 25c Beech-Nut preferred American 12-23 $37% t62J/2C partic. 11-20 Anglo-Canadian $1.50 preferred (quar.) $2.50 prior preferred (quar.) Acadia-Atlantic Sugar Refineries, 12-19* 12-15 5 11-15 1 of (quar.) Co.— (quar.) Inc. Mills, 12-10 (year-rend cash Y.) Canada, Ltd. Creek 20c 1st 1- 2 Ltd.— 12-19* 12-31 Year-end 11-22 Holder* 12-31 $1 Santiary— 0 1 12- $1 Brummell 12-20 Common 12-15 When 25c — 12-15 Per Beech preferred (quar.) American Rolling Mill Co... American Seating Co. (year-end) American Smelting & Refining 1- 2 Share Beaunlt Special American of Company Beau 12-31 $1.25 Standard 12- 12- 112 %C 11-28 1 & 1-2-48 50c 12- Radiator 11-21 1 $1.75 Corp Co. Cigars, 12-15 , 12- 40c & Paper, Ltd.— (increased quar.) 1-15 37%c 37%c\ 11-15 11-21 Power A 12-15 7% $5 Name Class $1 Stores being given in the Bathurst 11-10 1-1 (quar.) Lines, Ltd.— preferred (quar.) non-cum. American this- week, these 11-14* 12-15 1 Steel preceding table. 12- 1 12-10 class A 11-15 1 23c (N. preferred 20c 97%c Common we dends announced 4%% 1 American give the dividends announced in previous greeks and not yet paid. The list does not include divi¬ 11-26* 12- Common Below 12-12 81.78 Corp., 1 12-1 25c (quar.i Refractories, Inc. (quar.) Manufacturing Co., common 12- American 9 11-28 Oil II- »• 12-17 12- 12-13 Beck 1212- 5C Extra Bayuk 11-23 15C (irreg.) Barnsdall 7 12-15 12-17 2 7 11- 12- 5 11-20 1-2-48 25c 11- 12-18 12-17 1- Common 1 12- 1 $1.50 Chemical & (quar.) common Mortgage Guaranty Co. A Beatty Bros., preferred A 7% class 12-15 12-29 12-19 $1.20 11-14 (quar.)— 12-29. 12- 1 15c 12- 4 Basic 11-20 12-1 - Seelig Mfg. 1 common 11-14 8%c ... Co, of 50c Ltd., (quar.) Extra „ 1 $1.12% Extra (quar.) Potash American 25c - (year-end) Products Corp. 1-2-48 $3 (quar.>__, 12- 125c & 10c B American 11-21 1- 2 Barlow Goods Co.— preferred 5% 12-18 12-29 11-12 American President 12-10 12- 1 Barber-Ellis & Asphalt 75c ; 25C 20c 11-12 12- 11-22 11-14. 7c (quar.) Trust 31%C Co. preferred shares Bond 12-15 12-15 11-22 12rl5 12 %c America Bates Co.... preferred Paper 6% Bankers Barber 75c 12-15 12-1 ' 20c (quar.) preferred 75c Foundry Co., common. Co., 4% 7 (s-a) / 25c 20c (Joseph) & Sons Bangor Hydro-Electric, common 7% preferred (quar.) 11-18 12- I-16 11-10 Los Andes— American 50c (quar.) ^ , Metal Banco de of Illinois— Manufacturing Extra preferred 1 62%c 11-25 1 Porcelain. Steel— 12- 11- 115C 112%$; 41 %C t Products Radio Show, Bankers 1 non-cum. pfd. (irreg.) Corp. of Delaware— & common Extra (quan) Machine Works, convertible 12-15 6% preferred 3.90% conv, Bancroft 1 12- 12- 150 Mills (monthly) Corp. common (irreg.) prior preferred (quar.) D. 12-31 25c preferred American C Allied V. 12-22 75c 2-2 11-15 5 $1.18% 12-16 12-10 11-14 Atlan¬ (quar.) 12-30 1 1- ; 11-28 12- 1-15 25c 12-20 $1 (interim) _ 1 11-21 25c $3 Increased 5% Ltd. 1 12- 12-15 66%C (quar.).. (year-end) 12- 12-15 1 25c (quar.) Corp. (monthly)_ Convertible prior preferred 12-10 12- 5 12- 5 12-12 of 12- 12-15 1 8 Co.— Products American Investment Co. 11-20 12-12 t$3.50 t$3.50 25c 15c Iquar.)_ Extra Zonite Home American 11-25 pfd. $3 Leather American Insulator 12-15 12-15 1-15 1-2 1- 2 1- 2 t20c (s-a) Steel American American 12-15 50c Young (L. A.) Spring & Wire Corp. Youngstown Corp., & $1.75 56%c (quar.) (s-ai pfd. Hide 12-15 12^19 12-19 12-19 12- 1 12-15 11-14 • 12- 11-20 30c 12-12 5 12- 6% 11-25 1 $1.12% convertible preferred 6% Stock — ___- pfd. 1st 2nd 12-15 12- 11-14 25C 7% 11-25 12%c preferred (quar.) preferred (quar.) Hawaiian Steamship American Corp.— (quar.) 1 Woolf Bros., Inc. 4% % pfd (quar.i York Knitting Mills, Ltd. com 7% 12-15 12- 12- 12-12 25c Baltimore 12-15 common share Co. Gear Baltimore 12-2 12-15 1-2-48 $1.50 $1.75 $2.50 $2 1-2 75c $1.50 12-12 $1 $2 (quar.)^ 1 American American Meter 31 %c (accum.) pfd. 7% 4%% 25c Woodward & Lothrop 12- 50c (2/100ths American General American 15c coiiv. pfd. (quar.)__ 5% 12-15 12-19 25c 25c $1.75 (quav.)- Extra Wood 2 (quar.) common Electric Co., common) preferred (quar.) i- 5 $2.50 _ Corp Wieboldt Stores, 1- 11-24 (quar.). 4%% 1 87V2c City 12-1 $20c 50c $1.25 $2.50 30c $1.06% 75c J25c (quar. Wheeling Steel Corp., common $5 convertible prior preferred dividend tic 12-10 1- 2 31%c 1 (quar.) Estate Real 12- 1 preferred 12-1 2 Fruit 12-23 12- 6 12-11 !- 5 2- 2 12- 1 1-2 1- 2 1- 2 12-20 1-1 1- 1 1- 1 1- 2 - pfd. 12-22 12-29 75c 50c — __ Weston (George), Ltd. Western 1- 2 1- 7 1- 2 -10c 50c - (year-end) Light .& Telephone com. Western 12-17 12-31 12-15 12-10 $3.50 2%c 6c 40c guaranteed (s-a) (quar.) Special Oil 1- 2 1-15 12-31 12-20 10c Mold & Iron-, Wayne Screw Products Wellington Fund, Inc. Weils-Gardner & Co 2 1- 12- 40c (quar.) $1.65 convertible preferred (quar.) Avco Manufacturing Corp. (increased) 2 1- $1.12% $2.50 Ltd.. series Automatic 2 12- 10-31 37viC (s-a) Service^ Ltd.— Common (initial) Class A (quar,) Autocar Co., 5% series A conv. pfd, (quar.). 5% series B convertible preferred (quar.) B. 25c preferred (quar.) American Ice Co., $3 Wesson 12-15 12-10 12-20 12- 5 12- 1 $1.50 $2.50 75c 50c Equipment Co. (year-end Viking Pump Co Virginia-Carolina Chemical Corp.— 6% part.ic. pfd. (accum.)___•. Vulcan Corp. 4%% pfd. (accum.1 Vulcan 1- 2 '1- 2 12-20 $$1.25 Victor Ware River-RR„ 12- 1 t25c preferred Avondale 12-15 12- $3 Gold: Mines, Avon 12-15 1 $1,50 Electric 5% 1 12-31 Growers, Inc. (quar.) American Furniture Mart, $6 pfd. (s-a) American Gas & El. (cash dividend) (quar.) 12- 5 30c com pfdi (quar. )_ 5% Co., American Fork & Hoe Co., Stock Quarterly & 12-31 12- Automatic Canteen of America 12- 1 12-15 68%c stock- preferred (quar.) American & Foreign Power, $6 pfd. (accum.) $7 preferred (accum.) American Forging & Socket (quar.) Utah Home Fire Insurance (Salt Lake City)— Extra 12- 12-15 50c 12- 11-28 12- 1 12- 1 • 12-1 12-15 (quar.)__ common 12-11 $6 25c (accum.) Additional Uticu 12-10 12- 5 12- 5 (quar.) 12-11 20c i Utah Oil Refining 1- 2 12-15 12-15 12-15 30c B (quar.) American Export Lines, Inc $1 20c ___ pfd. Auto Corp.— preferred 10c 5c (quar.) 12- 4* 25c 2c 35c Extra 12-15 $1.50 6% (Delaware) Upressit Metal Cap, 8% Upson Wahon Co. Steels, 1 12-15 $1 _ preferred Powder Atlas $1.25 1 Light share A Atlas 12- 1 (Optional dividend series) of Payable in cash or stock at the 1936. 8 12-26 Series 11-20 Extra 12-20 Power 25c Inc. 11-20 1 50c common * 12- Line Railroad Co.— non-cum. 12-15 (quar.)___ Point RR _ common 15c 35C $1.25 (quar.)_ (quar.) Refining Co. (quar.).. Atlas Corp. (quar.): Atlas Imperial Diesel Engine- — r_ Co. Cities American 12-20 1212- Co.— _ Lines, 1 12- $5 $2.75 class A 50c S. U. 12-19 12- I 11-28 12-15 10c Atlantic Aunor (quar.)- Cigarette American $1.50 U. liquidating Potash Co 1 50c 15c First 1- Special (interim) Freight 12-19 12-19 5c Pa.) common 25c U. S. 1 1 Lines, 11-28 12-29- 10c (s-a)— (quar.) $1.75 (Reading, Cigar, preferred -(quar.) 12-17 12-20 50c United States Oil & Royalties 11- Extra American — Increased 12-19 5c (quar.) Cable, West Coast $4.50 — Chain American Chicle 75c (year-end) com. (increased) 12-19 1 Holder* 12-29 $1.47 A Atlantic Coast Line Co. (Conn.) (s-a) Atlantic Gulf & West Indies Steamship Corp.— preferred Quarterly American 50c $1 20c 25c Co. Mfg. American 11-29 1 $2.25 (s-a) Beverage non-cum, 6% 11- j J Payable $1.26 (accum.) (s-a) & Atlantic 11-15 25c preferred (accum.) prior preferred (quar.) American. Book Co. (year-end) American Car & Foundry Co.— $1.50 (quar.) Carbon & Investment Union 3-20 25c convertible 5% 1 25c common 20c 7% 12- (accum.) Topeka & Santa Fe Ry Atlanta Gas Light Co., 4%% pfd. 11-17 1 25c American 4% 12- 20c ___ preferred B Common Extra 4%% preferred Atchison (St. Clas B 12-20 4- 1 62V2c Quarterly Disc 1- 2 (quar.) 87%c Co. Share Financial.Corp.i class Atlanta (quar.) Insurance American Bemberg Corp., Extra 11-28 5 Automobile Louis) 12-5 50c _ 1 11-19 Company 1 : When • Telephone & Telegraph— 1st preferred Class 12-15 1- 1st 7% Astor • 12-1 1 12-10 75c 70c Airlines, Inc.— convertible preferred ZVz% 11-15 1- 9 12-12 22V2C A — 9 12-15 $6 11-22 11-.7, 5 American 12-15 12- (quar.) 12-15 12-? 30c (irreg.) com Name of 11-24 12-10 25c t$2 Holding Corp.. (s-a> American 12-5 12-10 Payable of Rec. 100% (quar.) convertible preferred Amerex 9 50c (initial t com. Shipyards Corp. — Shares series Gas 9 12- t7Vsc Trans-Canada Corp. 1 12- 12-20 $1.50 (quar.) (quar.)„ Trans-Lux 12- 12-20 $i.75 Tobin Packing Co. new 6% Per Associated held___ (quar.) Ltd., Holder* — _ dividend Amalgamated Leather Cos., 12-10 12-15 dividend) One additional share for each one 11-18 (increased) Detroit Axle pfd. 12-20 12-15 5 Share (stock Cash 11-25 12- 12- 1 1- 2 Tip Top Tailors, Ltd. (quar.) Twin 11-25 10c 93%c (year-end)— Inc. Tucson 5 12-15 $1.06% pfd. (quar.)—___ Electric Welder Co Tide Water Associated Oil, $3.75 pfd. Todd 12- 35c (quav.) 4%% '.)1% 1- 2 12- 1 12- 1 of Company Aluminum 12-10 $1.75 ___. com. Thomson Time, 12-31 12-10 20c $1.50 (quar.)com. (year-end) Extra Timken 12-10 When Per Aluminum Industries 12-15 12-31 $14 Company Name 12-10 1 1- 30c Thermoid Thomas 1-2 75c $4 — 12-10 12-31 .10c Texas Thew 1- 2 25c $1.12% $1.06V* (quar.i »; Payable of Rec. . $1.06V4 Tennessee Products & Chemical Extra When - Holier* Per ":v. Shoe CO.. preferred _________ (quar.V_.___: (quar.)__ — common 12-1 11-12 30c 12- 1 11-14 90c 1-31-48 -1-15 $1,10 : ' Volume 166 f '■■'M-■'*">[i &V' ."1 hC ' 'Vir" > of Company ■ Name Bruce. (E. L.) • Number 4651 ' THE COMMERCIAL '.v1" Share (quar.) 25c preferred Bunker Hill & Sullivan 7% $2.50 California Pacific Co. preferred California Camden 4'A % B com. 12- 1 12- 1 2- 11- 5 11- 5 1 I-24 12-20 12- 11- 12- 4 11- $1.75 Inter-Terminal preferred (s-a) preferred (s-a) 4% $1 Railroad Service Co. (resumed 4 12- 11- 4 12- 11- 4 12- 11- 4 12-15 11-29 12-10 10-31 12-10 10-31 5% 12- 11-18 Clark Controller 11-18 Clark Equipment Co., 12-15 3 12-15 12- 1 preferred Year-end 12- 1 11-15 1- 1 12-15 4'A% 12-20 12-10 Cleveland 12-15 12- 1 1 12- 1- 1 12-15 12-12 11-25 Clinchfield 12-20 {10c 12-20 12- 1 12- {20c 12- 1 1- 2 12-10* $1.06'A 1- 2 12-15 11-28 12-17 $50c 12-15 11-15 12-15 11-15 Ltd.— (quar.) preferred (quar.) (quar.) 12-19 4% Safeway, Ltd., Vinegars, Ltd. Canada 4'A% 2 12-15 12- 1 II-15 $15c pfd. 1- 12- 1 11-14 12- 1 11-14 (quar.) /Extra Canada Wire & Cable, class A (interim) Canadian Breweries, Ltd. (quar.) Canadian Fairbanks-Morse Co., Ltd. (quar.) $$2 12-15 $50c 1-2-48 11-30 Stores, 11-28 Food V2 % (quar.) Canadian Foreign Investment Quarterly Corp., Columbia 1 11-14 Class A 11-14 Class B $18%c 1-1-48 11-28 11-28 1-1-48 11-28 $75c Canadian General Electric, Ltd. Co., Class A A (quar.) B $50c $$2.12 Ltd., 5% preferred Investment Western Power, Ltd., (accum.) Lu-— 11- 1 1-5-48 12- 1 11- 1 1-5-48 12- 5 12- . 4% pref. Gas Light 1 11-20 12-1 11-20 12- 1 $37'Ac 11-17 I.) Co., common 7% preferred (quar.) Common Consolidated ___ 11-29 conv. 12-12 12,- 1- 2 12- 3 3 15c 12- 1 11- 7 27'/2C 12- 1 11- 7 12- 2 15c pfd. (quar.) $1.25 25c (quar.) $1.12'/2 75c preferred (quar.) Central Ohio Light & Power Co.— 3.0% preferred (quar.) 12-12 12- 1 12-17 1- 2 12-15' 9-30 11-14 12- 1 12-20 12- 1 85c 12- 1 11-15 50c (year-end)__ 12- 90c Products 1- 9 12-26 60c (quar.) 1 12-10 11-10 11-25 75c 12-20 12-10 2% i Century Electric Co. (stock dividend) ittjs Century Ribbon Mills (quar.) > 12-12 12- 3 15c — 15c Products 12-15 12-15 12- 1 12- 1 Corp.— prior preference (quar.)__ $1.12'/2 1-1-48 12-19 20c 12-5 11-25 10c 12-15 12- 12-24 12-18 25c 12-10 11-14 $1.12'/a 1-2-48 Co. (year-end) America, new com. (initial) Extra Champion Paper & Fibre, common (quar.) $4.50 preferred (quar.) Chapman Valve Mfg., 7% pfd. (s-a) Charis Corp. ; Charleston Transit, 6% preferred (quar.)__ Chesapeake & Ohio Ry., common (quar.) 7- 31/2% convertible preferred (quar.) Chesebrough Mfg. (quar.) __ 7'..Extra Belt Preferred class District A ctfs. 11-21 Dominguez Monthly Monthly Mfg. Co. B Industries, 1 '11-20 11-20 11-25 C nreferred Common 12- 1-2-48 $1 (extra) 12-15 $1 Standard 12- 5 Securities, (annual) 12-15 11-28 11-28 $$1 __ 1- 40c 6 12-15 11-29 11- (quar.) 90c (quar.) Dumbarton & 1- $1 , 2 Dunlop 5% 1-2 12-15 1- 2 12-15 1- $1.12'A du 1st preference 2 12-10 (E. I.) de Nemours & Common (year-end) 12-10 12- 1 11-15 1 11-20 $1 preferred t50c (quar.) (quar.) Extra $5.25 series A 1 11-20 12- 8 Cory 2- 1 1- 8 Cosden - 12-19 11-28 4 11-20 11-25 11-10 75c 12- 11-15 1 Common 5% 5% (quar.) — 30c 12-22 12-15 50c 933Ac 12-15 11-25* 1-2-48 12-15* 40c 12- 12-15 1-2-48 12-29 12-15 $2.50 Petroleum 1-2-48 12-13 25c 12-15 11-17 20c 12-10 12- 62'Ac 12-10 12- 20c 12-10 11-25 $1.3i'/4 1-15 1 1 11-10 12- 1 11-10 17'Ac Ltd. (interim) Co., 33A% preferred Cribben & Sexton, 12- 1 12-13 11-29 a2'A% (quar.) 4'A % preferred (quar.)__ 12-30 12- 1 11-14 Co., Inc. $2 preferred (quar.) Crown Drug Co. Crown $1.75 12-19 11-29 6% Overall prior $2 , 12- 12- 1, 11-17 1 (s-a) Mfg. 10c 12-15 12-16 (quar.) preferred A convertible 12- 1 11-20 12-io 11.20 1- 1 12-16 12-31 12-15 12-13 12-15 11-25 12-10 12- preferred A 9 9 1 1- 2 12-15 1- 2 12-15 12-10 11-26 !2-10 11-26 12- $1.75 12-1 11-12 12- 1 11-12 1- 1 12-15 $1.50 $1.50 (quar.) 12-26 1- 1 1 12-15 12-15 12-15 12- 1 1- 2 12-20 25c •. com. 25c 1- 2 12-20 $1.25 1- 2 12- 1 1- 2 12- 1 $1 (quar.) (quar.) (final) 25c 12-12 50c (quar.) 1-2-48 11-28 12-19 {15c 12- 1 11-15 55c 1- 2 12- 5 $1.50 (year-end) (year-end) 1- 2 12- 5 25c common (quar.) 25c 12-8 12- 11-28 8 11-28 37'Ac 12-12 11-29 12'Ac , Stores, 12-12 11-29 $1.06'/4 1- 2 12-20 Oil dividend Paso Electric Co. preferred (Texas), (quar.) com. (quar.)__ 12-15 12- 2 50c (quar.) 12-15 $6 12-15 11- 3 12-15 11- 3 100% Works {25c 50c Dorado Extra $4.50 11- - Railway— (resumed) B Stock 11-24 1-24 1-24 $1.50 4'/4% participating preferred (quar.) Eddy Paper Co., Ltd., class A (quar.) Eddy Paper Corp., 12- 5 11-17 12-10 $1.25 Products, Ltd. Brothers Extra El 30c 11-15 12-30 ' (accum.) Massachusetts Street Class 11-21* Co.— preferred 1 1 (three (accum.) preferred Edison El 50c 12- 12- Easty Washing Machine Corp.— 10-29 12-15 933Ac 28'/aC 1 12-16 $1.12'A dividend Eastman Kodak Co., common 6% preferred (quar.) 11-10 $2.50 Crown Cork & Seal $2.50 preferred Class (accum.) 12- i5c Inc., Corp.— preferred 12-12 of Eastern Steel 1 12-22 11-22 30c (quar.) $6 preferred B (resumed) Eastern Steamship Lines, 12-19 12- $$1.25 (quar.) $7 11-19 1 12-10 $1 (quar.) preferred (quar.) Eastern Gas & Fuel Associates— 4'A% prior preferred (quar.) 6% 11-29 75c 6% 1st preferred A (quar.) Eastern Racing Association— $2 par and no par value, common $1 preferred (quar.) Eastern States Corp.—• {25c (quar.) convertible Co. (year-end) (s-a) 1 11-20 12-13 1 1- 2 2 50c 12- 1 1 12- 2 1- 20c (quar.) Eastern 1-2-48 12- 11- $2 1 10c 1-15-48 Ltd.— preferred 6% "11-15 " Co.— 12- Ltd.— (quar.) preferred 12- 11-14 I-T5-48 2 2 {62'Ac Co., 6% 12-15 75c 1 12- T 1-15-48 $10 par common East Coast Electric Co. for each share held). East St. Louis & lnteiurban Water Co.— 7% 11- 12-1 87'Ac Coast Public Service— First liquidating stock 11-14 $1.13 25c _____ Electric, common—, preferred (quar.) Corporation Courtaulds, Crane 11-20 .12-15 5c Corrugated Paper Box Co., 2 1 12-31. 1-2-48 $1.12'A Extra 12-12 40c Copper Range Co Copperweld Steel Co., common (quar.) 5% convertible preferred (quar.) 1- 12- 30c * Cods Bay Lumber Co. (year-end) Copeland Refrigeration Corp Cornell-Dubilier preferred Eagle-Picher 11-28 1-2-48 $1 (quar.) -—- Continental Gin Co., 4'A% preferred Continental Oil Co.* of Del Continental Steel Corp 1— 12- 12- 11-15 prior shares Co., common (year-end)— $3.75 preferred (quar.)___ Continental Casualty Co. (Chicago) (quar.) 75c 75c 1 12-15 $1.12'A Can 5 11-28 12- 62'Ac —: Continental $1.50 12-19 (quar.)_ East Corp. of America— 4% preferred (quar.) Continental Assurance Co. (Chicago) 11-15 50c 11-20 Container 11-21 87'Ac 1 6% (quar.) Consumers Co., $2.50 preferred Consumers Power Co.— $4,50 12- 2-2-48 $1.12'A Co., Inc. (irreg.) Eaton Paper Corp., common Ltd.— 11-17 2dc Duriron Mills, 12-15 2-2-48 7'Ac $4.50 12-10 12- Textile H-18 15c (s-a) Pont 25c preferred 12-31 l 50c pfd. Goods 25c 5% 12- 12-31 5c Rubber (quar.) Consolidated 5 30c (quar.) Extra 2-2-48 15c (quar.) Laundries Co. 2-2-48 81'Ac (irreg.) Corp. (reduced) 12-31 25c $1.25 11-15 75C 12-31 12'Ac (quar.) 1 $1 — & 12- 25c Bridge Co. Tire 11-1* 11- 25c Braastreet, Inc., 4'A% 12-15 1 5 $25'o common Co. Bradstreet & 1212- $25c (quar.) Eelectric Extra 1-1® 2-13 $25c (quar.) Corp., 4% preferred (quar.) Drewry's, Ltd., U. S. A., Inc Driver-Harris Dun 1 i-30 $25c Co., Pepper Co. Dun 11-29 T37'Ac Dravo 7 Power Co. 1 2-27 $75C $4 preferred A (quar.) $3.25 2nd preferred (quar.) Dow Drug Co. (quar.) Dumont 12-10 f25c (quar.) Dow Chemical Inc.— 12-12 $$1.25 (quar.) Dr. 12-12 12-26 +38c ___ (quar.) 1 11-15 12- 12-26 {87'Ac com. 12- 1 11-15 12-10 (West¬ (quar.) Ltd., 1 12- 12-10 1 {$1.25 (accum.) Ltd. 11-15 $1.50 11-28 12- Corp., Ltd.— 12- 12-15 11-29 15c 12-15 11-15 11-24 12-17 1-2-48 11-29 12-15 1 10-15 12-15 12- voting trust certificates $1 preferred (quar.)— Donohue Brothers, Ltd. 2 10-15 12-24 12-10 Common 1- 12-10 12-24 12-15 5% preferred (quar.) Dominion-Scottish Investments, Ltd.— 5% preference (accum.) Dominion Stores, Ltd. (increased) Dominion Tar & Chemical, Ltd.— 1 12-15 2 15c 7% 12- 12- (extra) Diversified Common ern). 12-15 3 12-13 1- 12-24 15c (quar.) Ltd., 6% pfd. Envelopes & Cartons 12- 12-15 2 15c Dominion & Anglo Investment 11-15 1- (monthly) 5% preferred Dominion Coal, 11-20 11-21 1 (quar.) Fields 11-24 1 12-2 12- 37'Ac quar.) 12- 1 11-21 i5C 12-10 12- 2 12'Ac 12-15 12- 11-28 12- 15c Oil Paper 1 beneficial inter¬ (initial) 5 12-15 50c Doernbecher 12- 11-24 12-10 _— Consolidated 1 Trust— of class preferred 12- 25c (irreg.) 11-15 11-29 62'Ac preferred (quar.) $3.50 preferred (quar.) Durez Plastics & Chemicals 5% 12- (quar.) v. t. c. 1 $1 preferred B (quar.) Consolidated Gas Utilities (quar.)___ Consolidated Grocers Corp., common (quar.) 20c Co.__ Produce 12- 1 50c Chicago Corp., $3 preference (quar.)__ Chicago & North Western Railway Co.— 77:5% preferred A Chemical preferred $3.50 . Hill Railroad 12- 56'Ac Extra 60c Aircraft Chaimberlin Co. of (year-end) Co. Extra ,3.40% common 12-12 1 2 12-1 $1.50 convertible preferred (accum.) Central New York Power Corp.— Central Steel & Wire, 1 1- Company Doehler-Jarvis (increased Extra 11-29 12-15 12-10 25c Dobeckmun 11-15 12-15 H5c (quar.) A 1 11-29 7y2% Corp.-Seagrams Co., common 12- 11-29 12-15 75c (quar.)_ Dobbs House, Inc. (quar.) 12-12 11-29 2 a2'/a% a2'A% (interim) Consolidated (quar.) com. Central Illinois Light Co., 4'A% pfd. Central Illinois Securities Corp.— Steel 1- 1- 11-6 2 11-29 2 37'Ac (final) 25c 4'A% v (resumed) Extra. 12-10 50c preferred ' (quar.) Central Bag & Burlap (quar.) Certain-Teed 4% $$5.25 (extra) $1.10 6%* preferred 11-29 $$1.75 Foundry Co., 5% (Bait.), 12-10 80c (accum.) (This payment Power, 11-15 12- 12- 1- 11-29 2 1- $1 (accum.) (quar.) 25c (s-a) (quar.) Consolidated Gas Electric Light & 75c (year-end) Associates 1 12-31 25c (quar.)' Ltd., $2.50 non-cum. preferred Consolidated Edison (N. Y.) 15c $1.75 Central Arizona Light & Ohio 12- 11-15 $25c 11-15 $1.12'/2 1 1 2 j. $L25 Cup $1 Quarterly Consolidated 11-15 1 12- 50c (quar.)__ Consolidated Bakeries of Canada Ltd.— 11-15 12-31 Dixie $1 Service (quar.) Connecticut River Power, 6% pfd. 1 12- 11-20 $1 Power 1 1-15 1 — — 12- 12-10 12- Dominion iquar.) Connecticut.Light & Power 12- 50c Distillers 30c Transportation 1 50c clears arrears) Aguire 2 11-20 11-21 1- 15c preferred Dominion Malting Co., (Phila.) Publications Nast 12- (quar.) preferred (quar.) 12- 1 $1.25 Co. Public 12'Ac (quar.) Ltd., preferred 37'Ac (initial) Carson Pirie Scott & Co., 4'A% pfd. Cascades Plywood Corp. (quar.) Extra preferred 12-10 12- ap¬ (quar.) Title Community $1.06'/4 Company, new com preferred (quar.) Carpenter Steel Co. (interim) preferred 12-12 Ordinary 11-24 1- 5 12'Ac Special 11-18 Co.— $1 participating preference class A 4V4% 4% 1-2-48 25c ; & Subject to SEC — Connecticut $20c 12-10 1 5 12-1 35c (quar.) Disston (Henry) & Sons Distillers Co., Ltd., ordinary 12- 12- 12- 50c Cement 12'Ac Extra Extra (quar.) Co Extra (quar.) Congoleum-Nairn, Inc. (quar.) (quar.) Corp., preferred Common Conestoga 12- Chemical convertible 12-31 12-10 1 12-15 1.2-15 1-15-48 25c Diana Stores Corp. (quar.) Dictaphone, Corp., common (year-end) 4% preferred (quar.) Disney (Walt) Productions, Inc.— 60c 2 50c (quar.) 1 Corp.— Telephone 12- $25c Co. 12- 50c 12- 25c 12-15 $3 11-14 Heat quar.) Portland 37'Ac Stamping (accum.) 1-2-48 Wirebound Preferred & "12- 1 1 (increased 10c preferred 4% A quar.) Alkali 25c _ 1 12-19 12-22 i5C Almy 60c (quar.) $$1.25 $15c Natural Co. 2 25c & 75c & Southern Commonwealth 5 lc 1- $4 (s-a) Diamond 1 12-23 12- lOc Diamond 1 11-15 12-23 12-15 ic Tunnel Oil 25c common 11-15 11-17 1 25c Extra Class 1 12-10 30c 45c (quar.) 12- 12- $1.75 (irreg.) Iron (increased 50c Co. 11-28 20c (quar.) common Raynolds, class 50c (increased). 1 1 12-20 ll-iO' 25c 1 11-28 1212- 35c (quar.) 1 12-12 8, 12-15 $1 Extra 6% 1 12- 25c B 25c proval. $5 Y. 12- 15c 12- 87'Ac preferred $37Wc Boxes, Ltd.— $1.50 class A (quar.) Capital City Products Capwell Sullivan & Furth Oak— Common 8 1 35c 12- 53'Ac (quar.) Conde a — Cassidy's, 12- Trust, Products, class A (quar.) Tire, Ltd. "(quar.) Canadian 1-1-48 N. 2 25c 12-15 Co.— common Shearing Commonwealth Canadian Silk Extra $20c (s-a) International " 12-13 $50c Extra Canadian 1-2-48 11-10, 12-15 1 11-18 1 Extra 11-28 1 12- Dewey 12- 12- $i 11-15 5 11-18 1 11-10 12-15 12- 11-18 12- 12- 1 50c l 12-1 1 1-1-48 1'2-15 (year-end) common Iron, Carbon Commercial $6 12- 11- 1 3 12-18 Foundry Mortgage & Realty (quar.) Class 11-10 1 Year-end 2 $$2.12 Canadian Canadian 2 12- Ltd.— (s-a) Extra Class 12- 1-2-48 $$2 (quar.) Canadian Ice Machine, Ltd., class Canadian Industrial Alcohol 1-2-48 $$1 5 12- (quar.) Commonwealth Extra 1-2- 12-15 Broadcasting System— (year-end) (year-end) Columbia 1-1-48 Ltd.— & preferred 1 11-10 12- 1 1- ■ 12- Extra 11-10 1 1-31 12-10 50c Gray & 12-31 933/ic $1.50 (s-a) . 12- 1 12- Corp.— Power convertible $3 12- 25c (quar.) (quar.) Colorado Milling & Elevator Co.— Common (increased quar.) 5% $$1.12 'A (quar.) com. 50c 87'Ac (quar.) Supply Co. of Detroit River Devoe (quar.) Fuel $25c Products, Ltd., (quar.) preference 1 $20.65 Inc., Colorado 12- A 1 12- (quar.) Central t25c Canadian 12- 12-11 (quar.) preferred $25c Extra 12-11 $1.25 11-15 11- 45c 75c Aikman Corp. Colorado $15c Canada & 1-15-48 t$2 (quar.)__ $$1.12»A Detroit $3 Company, Colonial (Toron¬ Detroit 11-23 1 l 25c preferred 11-20 12-12 12- 933Ac Year-end 12-15 11-23 Corp Derby Oil Co., 12-15 5 11-17 12- {17'Ac Light, common (quar.) B 12- 1 12-12 25c _ & 12- 10c 20c A 35c * 1-1-48 30c Properties (increased quar.) Mfg. Co., class A (extra) Devonian International preferred 12-19 7% 1-1-48 20o Colgate-Palmolive-Peet $$1.75 Corp. 8 11-15 1 {37'Ac Monte Dennison 8 12-18 12- common Co., Dentists 12- 12-17 12-31 75c preferred (quar.) Delaware Floor Products Delaware Fund, Inc. (quar.) Delaware & Hudson Co. (quar.) 8 12-18 1-2-48 30c 7% Del 1 1-2-48 $1.75 (quar.) (initial) preferred 11-15 12- 1 12-17 12'Ac preferred A 11-20 12-15 (quar.) class $3 preferred 1-26-48 12-20 1 12-15 (quar.) A $15c 12- 12- (s-a) Collins 11-26 12-12 $1.32'A (year-end) $3.50 12-15 Inc. Common 4'/4% 11-26 12-15 Extra Coleman (quar.) $2 Co., Coca-Cola 11-28 (quar.) Mortgage Corp. Class {37'Ac $50c Permanent Coal Common 12-10* 11-26 12-15 12- 12-31 $1.25 (quar.) Extra 50c (year-end) com. A (quar.) Power & $1.12'A Graphite Bronze, Coca-Cola 11-10 15c j. Canada 2 12-15 1 12- common (quar.) Industries, Monthly Monthly 1 1- $$1.50 Co., Cleveland 11-20 11-12 $1.12'A Illuminating Co., Clinton ;32'Ac 1 25c 5% preferred (quar.) Cleveland & Pittsburgh RR.— 4% guaranteed (quar.) 7% guaranteed (quar.)__ 5 12- 40c (quar.) preferred 11-24 12- (initial)- (quar.) common Inc. Deep Rock Oil 2-10 12- 2c Iron, Electric 11-28 2 2-16 25c 5 1- 3%% 12-13 Mines preferred 12-15 {$1.12'A Dayton 50c Extra 12- 5 12-10 11-12 1 25c Cleveland 12-10 Class B 12-31 $1.25 Clayton preferred Mines, Inc. 12- $1 Clearing Machine Corp., new com. Cliffs Day 3%% (quar.)_—_ common 11-24 12- 1 1 11-15 2 12- 20c 11-15 1- 12-12 $1.25 12-15 t62,/2c 1 $1.50 preferred (quar.) Clayton & Lambert Mfg $5 (quar.) 12- Deere 12-15 343/ec 12-12, 11-8 12-15 $1 preferred Dahlstrom Metal Door Co. (year-end) Davis Leather Co., Ltd., class A (quar.) Davison Chemical Corp. (quar.) 11-28 11-28 $1.75 12-15 15c 11-15 Chattanooga— 15c (year-end) 1 11-13 2 $2 prior preferred (quar.) Sons, 7% preferred (quar.) Cutler-Hammer, Extra 12-19 11-13 l 12- $1.25 cum.) 11-10 12-19 1 12- Publishing Co.— ($3 1 62'Ac (quar.) Silver $4 12- 20c (quar.) 5% $4.50 7-17 Cushman's 12- 12- $1 _ (quar.) of Curtis 11-10 50c Co 1 preferred City Water Co. $1.05 Industries, Inc.— l $1.25 quar.) City Ice & Fuel Co. (increased quar.) City of New Castle Water, 6% pfd. (quar.) City of Paris Dry Goods— 1st 8-1-48 1-17 25c Co. (Helena) convertible $1 Year-end 7% 2-1-48 $1 Stamping Curtis When Roliere Payable of Ree. 25c Cuban Atlantic Sugar, 5% Cuneo Press, Inc. (extra) 12-20 11-14 12- Year-end City Auto 11-24 35c common 47 $$1.50 (quar.) (s-a) Cuban-American Sugar Co.— Common (year-end) 9 50c Cincinnati New Orleans & Texas Pacific Ry. 5% preferred (quar.) 25c Power 9 2 $2 50c (quar.) Northern 12- 12-12 $2 Milling Machine, preferred (quar.) Cities 1- (quar.) Steel Co. of America— 5% preferred (quar.) Crum & Forster, 8% preferred (quar.) Co.— . Cincinnati 12-13 11- 'Common est 11-17 1 common Malting Co. Canada Chicago 12-19 1 1 (quar.) (interim) Extra Chain 6 4% _ quar.) 75c Dominion Sugar (quar.) Dry Ginger Ale, common preferred (quar.)__ Class Chestnut 1- 2 & Canada 7 ' 1 (year-end) com. 02c $4.25 Canada Foundries & Forgings, Ltd.— Class A (quar.) 4'A% 12- 12- tlOc Canada Cessna 2 1- (quar.)-- common Co., Ltd., class B preferred Canada 7 1- 12- Extra ! Cincinnati $1.75 Cement, Ltd., $1.30 pref. (quar.)___ Canada Crushed Stone, Ltd. (quar.) Central 11-18 12- (quar.) Canada i 12- $1 Bread 25c 1-15-48 12-15 Christiana Securities Co., 7% preferred (quar.) Chrysler Corp. (increased 45c Year-end Canada 11-20 1 $37.60 11-20 $1 Cement Co., 12- preferred Co., Ltd. 1 6- 11-19 $1.25 (quar.) Portland Forge Crucible $4.20 3- 9 1 $1.12'A 5>A% convertible prefcried (quar.) Campbell Wyant & Cannon Foundry Co.— 7 (quar.) t35c (irreg.) Utilities, 12- 25c common 12- Jf'30c (quar.) Ink 12-15 . 7-15-48 15c (s-a) Power, $4 convertible 2nd preferred Crows Nest Pass Coal 25c 4-15-48 {lie Timber Electric preferred California Central (quar.) {15c & 11-29 11-29 25c $1 preferred 12-15 25c 12-15 1 share Zellerbach Corp.— 12-15 (quar.) 87'Ac (quar.)__ ;» Co., Land California < Oil, 87 Vic preferred Extra Central 12-20 Crown RR.— (quar.) 4% (increased quar.) Butterfly Hosiery Co. Calaveras 7 % Cotton Bend Common 1 25c Water (J. 12- 50c (quar.) common Butler 7% 1-2-48 30c Buildings, 7% pfd. (accum.) Brothers, 4'A% preferred (quar.) Case Chickasha 50c Terminal Carrier 11-20 30c Butler Carman 1 15c ' 6 12- 12-15 Per „ Name of Company : 11-29 5% South 11-20 Concen¬ & (quar.) Burton-Dixie Corp. Year-end 12-15 12'Ac & 1 |35c 1 2nd 25c 1; 12- $1.25 Extra 4 ; Roldero Payable of Rec. •Share dividend Quarterly Chicago Yellow Cab Co, (quar.) convertible preferred Class 11-17 25c preferred to) 12-15 Extra Stock 30c Extra 7% Chicago South Shore > (quar.)___ 20c Burrard Dry Dock, Ltd., cl. A (initial quar.) Burroughs Adding Machine Co. (quar.) ; 11-17 $1.25 Mining (2251) When • Common (quar.) 31/2% ' 11-30 37V2C Brothers 3 'A % - 11-12 12-30 $1 Extra 5% 12-12 12-15 12'Ac Special Burlington Mills Corp., ' 28'/8c (quar.) trating Co. (quar.) Busli Company Chicago Rivet & Machine 15c (quar.) Buck Creek Oil Co. (Irreg.) Buckeye Pipe Line Co Budd Company, $5 prior preferred (quar.)__ Building Products, Ltd. (quar.) Bullard Company (resumed) Bullock's, Inc. (Los Angeles) (quar.) 4% Name of 11-12 }30c Brunswick-Balke-Collender Co.— Common (year-end) $5 preferred (quar.) » 12-12 {30c Extra 4'A% CHRONICLE Per 933Ac (quar.) Ltd Brunner Mfg. Co., common FINANCIAL Reldere Payable of See. 25C __ ;; 3% % preferred Bruck Silk Mills, Bunte When ' '-Per Co., common & ■ • , .. Extra . 1 S ■ 12-15 11-3 40c 12-15 11-24 $1.12'/a 1- 2 12-19 11-17 48 THE (2252) Per Name of El Gas, Electric Auto-Lite Electric Products 60c (quar.) common 75c Co Consolidated Company Emerson preferred (quar.) & Bay State Telegraph Co.— — (quar.) — Glen-Gerry 2 12-19 2 12-19 11-25 Globe 11-17 Goebel^Brewing 12-31 12-15 50c 1-2-48 28c 1 12-15 12- 12- 12-17 12-17 2 50C 25c Capwell Co & Equipment- 1- 3-15 1 12- 5 12- 5 12-19 Derrick Emsco (resumed) Common convertible preferred 4% $1 (quar.) Equity Corp., $3 conv. preferred (accuml) — 20c preferred (s-a)— Erie Coach Co. (quar.) Erie & Pittsburgh Railroad 7% guar, (quar.) — Payment of 80c after deduction Pennsylvania State tax 10c 1-1-48 $1 12-15 Line Co./(irreg.) Insurance Co. (Syracuse, Excelsior — — Gregg, common Fairbanks Morse Co. & Metallurgical Common •Extra Class B Firemen's Fund Indemnity cisco) Firestone (quar.) Tire & Rubber 4y2% preferred (San Co. ,12-5 12- 1 11-29 Gorham Manufacturing Co. Gossard (H. 1 11-13 i 11-14 2 15c 12-18 12- 12- 1 11-15 12-12 11-29 11- 8 12-16 11-28 50c 12- 11-15 Co., Ltd. (s-a) Indemnity Quarterly West 1st 2nd 18%C 12-10 11-20 12-20 12- 12-10 11-28 Greenfield 12-15 12- 1 12-15 12- 1 12-31 12- 1 New Group No. 1 Oil Corp. 2 Oil 12-15 12- 5 Gulf 5 12-15 11-15 $1 12-10 12- $1 1-1-48 12- 5 $2 preferred (s-£t) (optional cash or stock) Vs share of common stock Corp., 12-23 11-19 Extra (quar.) H.) Co. 5c to 12- 1 11-14* 12- 1 11-14* $1.25 (increased quar.) 30C 5c (M. 12- 1 11-14* Quarterly 25c 12- 1 11-15 Extra 25C 12- 1 11-15 class (s-a) A T- Fitz Simons & Connell Dredge t30c 1- 1 12- 25c Fittings, Ltd., 12- 1 11-20 llVaC 12- 1 11-20 5 Resumed of 1 11-20 12- 1 50c 12-10 1-2-48 11-29 11-24 $1,121/2 12- 1 11-15 (increased Common Canada, Hancock Oil B 1 Works preferred (year-end) (quar.) Refractories, preferred (quar.)_ com. /____ (quar.) (quar.) preferred (quar.) Chemical Hart 11-24 Hartman Battery 11-14 $3 12- (quar.) Ltd. Co., (year-end) _ 12- 1 11-15 Co., $4 prior pref. preference (quar.) (quar.) Common 1 non-cum. Freeport Sulphur Co. (quar.)_ 62'/2c 12- 1 11-14 Haskelite Mfg. Corp. (resumed) Hathaway Bakeries, Inc. (quar.) Hayes Industries, Inc. (resumed) Trailer Co., common 25c 12- 1 11-18 Hazel-Atlas Franklin Simon. & Fruehauf (quar.) preferred non-cum. Year-end Fuller (D. B.) Hecla 12-15 7 Vic 1- 1 12- 1 12-19 Co., Extra 12-12 Heyden 1- 2 12- 3y2% 1- 2 12- 1- 2 12- 12-15 12- Mfg. Co., America 40c class B (year-end.) preferred A (quar.) Corp. 75c 75c (quar.) Extra 25c , General General Bottlers, 11-29 12-22 Hilton 11-15 7 % preferred Fireproofing Co., .preferred (quar.) Mills, Inc., Motors $5 preferred $3.75 2 $1.75 12- 12- 1 12- 1 12- 1 5% Corp., common preferred (quar.)__ Holt 12-20 12- 1 12-17 11-26 preferred 12-17 84 %c 12- 1 11-10* 12-10 11-13 Corp. 2-2-48 25c 12-12 11-19 20c common (quar.) 2-2-48 93%c (quar.) Advertising, Plywood Extra 2 12-15 12- 11- 5 5 1 10c 12-15 12- General Precision Equipment 25c 12-15 11-25 General Portland Cement 25c 12-16 12- : : 1 1 series.) common Cash stock or 44/1000th 1 11-19 50C (quar.) $6 1 12-10 12- 1 Gillette Safety Razor, *'•4 Extra Co Stock 12-15 Horder's, Horn 5% Home & Inc. Co. Oil Co. Stores Hudson Bay Hudson Motor Oil 12-10 Hunt 12-22 5 12-22 5 % preference 2- 2 2 5% preference (12-15 12-j 1 75C 12-15 12-1 Co. preferred Cigar 11-16 1-2-48 12-12 J50c 12-31 12-1 42-'1 12-31 12- quar.) 75c 12-12 16c 12-10 16c 3-10 Educational & International Metal (interim)__ Common Co., (quar.)__ com. preferred & (quar.) $1 12-15 11-24 ' 12- 11-14 ' $4 Co. Papev, preferred Bearer of Canada, common (quar.) — Petroleum (quar.) ... f25c International Interstate 12-15 12-10 Interstate Utilities 11-15 1-20-48 12-23 12-12 "12-23 12-12 12-23 12-23 12-12 12-12 12-12 12- 1 12- 1 12-15 12- 5 12-15 12- 5 37%c t25c $1 75c 12-15 1-15 12- 1 1-15 12-15 1- 2 12y2c 12-12 25c 12- 1 25c:" 12-15 30c 1-2-48 50c 12-15 50c 12-15 25c" 12-15 $1.50 12-15 125c 1-2-48 34%c 12-15 50c 12-20 12-11 12- 5 12-23 1- 5 12- 1 11-20 11-15 12-12* 12- 1 12- 1 11-14 12- 5 12-17 11-29 12-10 12-20 12-10 12-20 12-15 12- 1 12- 1 12-10 12- 1 12-10 11-28 11-20 87%c $1.75 32c 11-20 12- 1 11-21 .25c 12-26 25c 1-30-48 25c 12- 1 '50c 12- 1 30c 12- 1 37%c 12- 1 40c 12-20 12-16 1-20 12-20 12- 5 60c 75c 25c 25c 50c $1.25 30c $1.06'/4 1- 8 12- 1 12-31 12-19 12-15 11-26 12-30 11-20 11-20 11-15 11-15 12- 5 12-18 11-21 12-19 12- 8 11-21 11- 3 12- 1 pfd. (quar.) (interim) Gas Public $3.75 Fund Service, preferred Iowa Southern Iron Fireman Lid., Island Mountain Jaeger Machine Oilier Jamaica Public Mines Co. 11-12 11-12 12-15 1212- 1 12- 1 12-15 135c 1-15 12-15 1- 15-48 12-15 11-26 12-15 12- 1 12-15 1212- 1 11-10 12-15 11-28 (interim)- :|:3c 12-22 11-28 12-10 11-25 10c 12- 1 11-19 f25c 1- 2 11-28 1- 2 7% preferred 7% preference B (quar.) xl%% 1- 2 11-28 preference C (quar.) xlVt'/o 1- 2 11-26 1- 2 11-28 12- 1 11-25 60c 12-20 12-12 51c 12-15 12- 55c 12-11 12- 10c 12-12 11-28 50c 12- 12- 5% 5% Jim (quar.) preference Jantzen Jewel A D Knitting preferred Tea Co. Brown xl>/4% (quar.) (quar.) $1.25 (quar.) Inc., Stores, Johns-Manville new (initial). pref. (year-end) Johnson & Jones Lamson & x$1.75 Johnson (extra) Machine (quar.) Jones & Laughlin Steel, common 5% preferred A (quar.)_ Joslyn .Mfg. & Supply, common 4>/2% preferred (s-a) Joy K.'W. Battery Co. Kansas 3.80% Katz preferred & (quar.) 6 12- 5 12- 11-14 1 12-15 1- 2 12-15 1-15-48 25c of Canada, $1.20 3 12-15 1 1- 2 12-13 iquar.)__ Gold Oil 11-22 12- 12- 1 11-20 12- 1 11-20 1-2 12-16 &l.l2Va 5 Industries, common (quar.) Keyes Fibre Co., $6 preferred Keystone Manufacturing Co. (accum.) 1 11-15 11-29 12-31 11-20 12- 1 11-20 $3.50 quar.) (interim) 12-30 6V4C (initial Ltd. 13c 30c Mines, preferred 12-10 12-20 25c Ltd. t37V2c 1- 1.1-30 12- $1 Corp. Kerr-McGee 12- 1 $i.183/4 12- 11*21 3c Keystone Steel (quar.) Kimberly-Clark, 2nd preferred preferred conv. 12- 1 12-15 12- 1 12-10 11-28 12-12 35c preferred (quar.) (increased) 1- 2 $1 (quar.) (quar.) 5% 12-15 25c 1- 2 12-12 $1.12'/2 (quar.) common convertible 11-15 50c (quar.) 1 Mill 11-15 12-15 $4 Wire & Extra Kilburn 12-15 5c (quar.) Extra 1- 2 12-12 1- 2 12-15 25c 11*29 25c 12-15 10c (s-a) Kinney (G. R.) Co., common Kinney Mfg. Co., $6 non-cum. pfd. Kirby Petroleum Co. (year-end) 12-15 11-24 12-26 12-10 25c Emil) & Co. Knudsen dividend) Creamery Co., common (S. S.) Co, (quari) (quar.) Extra (S. H.) Co Kroehler Mfg. Co., 4V2% preferred A (quar.) Kroger Company, common (irreg.) Lake Shore Mines, Ltd. (quar.) , the (quar.) Woods Foundry (quar.) & 12- '1 12-13 12- ;3 12-11 11*18 12-11 11-18 12- 1 11-10 ,12-29 12-22 $1.21% $1.20, 12- 1 11-10 tl8c 12-15 11-15 12-1 .11*15 $1.25 12-1 41 -15 440c $$1.75 12- .1 42-1 11-59 11- 3 ific 12-5)8 11-24 8 <llr24 Milling, Ltd.— ^ (quar.) .preferred 12-10 10c Co.— (quar.) 5% ^preferred Common 12-1 12-17 $1.50 30c Lake Superior. District, Power Common 12-15 12-23 50o <quar.)_ 5% 50o (stock 20c 25c (D. Extra 2- 12-15 25c Company, common (quar.) Kerr-Addison Lakey 2-14 15c 25c 4 Va % preferred (quar.) Kentucky Utilities, 4%% pfd. 7% 11-28 $1.12>/2 Extra Lake of 12-10 12'/2c (quar.) (quar.) Extra Kress 1 11-28 95c (quar.) & Co. Company Kelvinator Kresge 12- 12-10 25c Kellogg Klein 1 12-15 12-4 5c (quar.) Extra 4% 112- Light— common (Julius) 12-15 60c (quar.) preferred 1-1-48 $2.25 quar.) 1-5-48 $1 (quar.) Power Drug'Co., $4.50 Kayser 12-4 60c Vegetable Parchment Co. City 1 2 $1.25 —^ Kalamazoo 9 5 60c (increased Manufacturing Extra 11-28 Mills— A Machine _________ (year-end) _____ ' ' 1 12- ' 1 12-15 37'/2c <quar.)_ ' 11-14 40c Ltd. 1 1 12-15 5% 12- 1 12- 1 12-1 12-26 (quar.)_ (increased) 12- 1 $L50 12-15 12-15 1-15 30c Engraving (initial) Service, Ltd., com. 11-10 $1.75 (quar.) 12-31 12-31 25c Co., 12- 1 12-15 12-10 12-29 12- 1 (quar.) 30c 933/4C Co ' 11-10* 12-15 25c (quar.) (quar.) Utilities Jahn :& 1 12-27 10c (year-end) Mfg. Co. (quar.) Shoe Corp., 6% pfd. Irving (John) 12- $75c (quar.) common $1.25 75c 50c 50c 37%c 11-15 11-15 (interim) com. preference Selective Common '11-15 $1.20 60c Foundation, convertible Kingston Products Corp. 11-30 12-12 $1 (year-end) King-Seeley, -12- 1 '12- 1 -10-48 50c (quar.) Corp. 12- 1 12- 2 yl2-\5 11-14 11-6 11-10 11-15 2* » 11-12 40c Natural Intertype 12- 5 12- 8 12-15 <12-20 12-15 12-. 1 12-10 11-30 5* 12- 1 $1.25 Stores 12-22 12-20 11-14 11-14 12- 12-16 12- 22'/2c (quar.) $4.80 Co., common preferred (quar.) 12-22 11-20 12-12 11-14 12-15 $1.25 ___ Corp. Corp.. Department Interstate Iowa ' $1.50 (irreg.) (The) Investment ' 11-14 11-24 $1 Bakeries Investors 11-14 1 12-10 $1.25 (accum.) Silver prior 6% 1 12- Railways of Central America— preferred 5% 12- 50c Corp $2 International Salt Co. Interstate 1 125c Products International ' ' Co., Ltd.— Registered 5% ) Ltd.— (s-a) 11-18 11-14 12- 2 11-15 11-13 1- 6 12-12 11-24 11-10 11-26 11-15 5 12-30 11-24 1 1 12- 12-15 12-15 1 2 12-15 12-12 1 5 1- $1 12- 12- 12- 40c Year-end 12- 2 Chemicals— Extra 12-15 12- 11-15 1- 75c International 2 87%c $1.60 $1.06V4 50c -'$1.50 1 11-20 1- 11-15 12-15 12- t$1.12>/2 (quar.) Nickel International 11-15 12-15 1-15-48 11-20 11-10 1 1-15-48 12-20 1 12- 1 $1 t40c 12- 12- 10-31 Extra 12-10 50c 11*17 12-31 12-12 11-15 2-25 11-28 1 12-20 1 11-25 11-20 12-10 12- 12-30 2 12-10 12-10 20c $1 1- 12-10 $1.50 tl%c f40c Year-end 2 11-14 12-15 f40c 11-15 2 1 1-15 Quarterly International 1 1- 12- Ltd.— (quar.) Minerals International 1- 11-3 $1.75 (quar.) 11-15 11-18 11-28 12-10 1 Publishing— Industries, A preferred International 12- , 12- $37%c . Ltd. (quar.) class 11-17 12- 11-3 $1 preferred 4% 3-1 1 $1.10 Special 4V2 % 12-1 12- 30c (accum.) International Harvester 1 Ltd.— Preferred 7% 1 $1.50 Coke, I 12-1 12-10 - 11-25 (accum.)_ < 12-1 $$1.25 Machinery Coal 11-15 >12%c 12Vic preferred (quar.). Business International 1 (quar.) (extra) ____ (quar.) series A 11*14 1 12-31 (quar.) Machines (quar.)___ International 1 50c 15c $75c 40c $1 :25c (quar.) Huntington Water, 7% 6% (quar.) & 1-23 International 1 50c Car 1- 25C common. Mining-Smelting., $1.25 _ for (quar.) Refining Co Foods, Inc., common Extra vtc (quar.) Motors 1 12- -12-31 participating preferred 50c (quar.) , Co. 12- 20c $1;25 16c Steel Co. (year-end) International Bronze Powders, 12 — common . Sound 12-20 Corp., preferred Howell Electric Humble Y.) (Texas), 11-18 $1.50 12- four preferred Lighting & Power Extra 12-16 (N. 11*18 1 $$1,06V4 preferred $1.06y4 each for (year-end) (quar.) 6% 1 12- (quar.) $1 share Co., 6%% 25% 30c (year-end 1 Hardart 11-18 12- $37%c Inland 4 Va % held) 50c ; (quai\) (One Silica, 12- Bearing Co.— (Joseph) 41/4% Howe & preferred 12-30 1- A (quar.) (irreg.) (Bklyn.) Co. Corp. dividend shares 12-15 62 Vic (quar.) 1- 2 Oil dividend 25c ; (quar.) common (quar.) Cash aoc _._ Extra 1- $1 Guaranty Mining Hoover Ball 2 $1.25 Refrigerator (special) Giddings & Lewis Machine Tool Corp. 12- $1.50 preferred Gibson preferred 12-10 50c Power Co., preferred Girdler 12- (year-end) non-cum. class Inc. (year-end) Hooker Electrochemical, common $4.25 preferred (quar.) Howard $1.50 Extra Georgia Honolulu Houston dividend share of (quar.) Georgia-Carolina Brick & Tile Title Homestake Houston General Shareholdings Corp.— preferred (Optional stock (Henry), Home - - Holophane Co., $1.25 Outdoor $5 Extra 1 1- (quar.) Co. Manufacturing Co., class A (quar.)_ Holland Furnace Co. (increased quar.) 11-13 75c (quar.) General $5 E.) Hobart 12- $1.75 common General $6 (Chas. 1 quar.) ;(quar.) preferred Kendall Corp,, common (quar.) preference (quar.) 12-20 1 (irreg.)__ convertible $1 (quar.) Extra General 1- 12-15 25c General General Hotels 4% 50c Cigar, Common 7% 12-29 121/aC Inc (quar.) 1 Hires 75c A 1 General American Transportation Corp.— Quarterly preferred common 1- 12- participating Corp. 12- 12-15 $3 Chemical (quar.) 12-10 25c 1 $3.50 25c 25c (s-a) Inc. Heywood-Wakefield Co., common 5% preferred B Hibbard-Spencer-Bartlett & Co.— Monthly Monthly Extra l 50c preferred .12- 371/2 c General (quar.)— common Extra Gaylord Gemmer Creamery .Co,, Hewitt-Robins, 2 $$1.37 Brewing 11-24 1- +$1.25 preferred (quar.) preferred (quar.) Container (quar.) S%% (G.) 11-13 100% $30c (quar.) . Paper Products, Ltd. (irreg.) __ (C. J.) Co., 5%% preferred <quar.)_ Hershey 15c common (quar.) Hendershot Hendry tlOc Power Co. Corporation (year-end) Department Stores, Inc Mining Co. (quar.) 7% Gary (Theodore) & Co.— $1.60 1st preferred laccum.) 5% Hearn II-25 Glass Hazeltine 12-15 12- Heilman ___ & Co., 6% conv. pfd. (quar.) Fuller (George A.) Co. (stock dividned) — One additional share for each share held Gatineau 11-13 $1.50 (year-end) Inc., common preferred (s-a) Fuhrmann & Schmidt Brewing Co.— $3 1 1-10 12-10 $1 (quar.) Fruit of the Loom. $1 30c .preferred 4% Co.— convertible 4%%. 11- 12%c Co Co. Tobacco 12-15 1 11-20 12- 25c Wholesale Extra Harshaw 11-24 12- 12-15 5c Harrison 12-13 $1.25 11-21 /15c (quar.)__ Extra 5% '2nd 11-18 12- preferred '(accum.) Ingersoll-Rand Co. (quar.) 11-20 $1.25 common 56y4C (year-end) 12-22 $1.25 Co., 12-13 ,25c (quar.)___ Fort Wayne Corrugated Paper Co. 1 40c (M. A.) preferred 1 11-24 1 12- 50c 7% 12- 11-24 1-2-48 12- 12-18 11-21 25c Co., 1 12- (quar.)__ (quar.) (James) 12- 12-13 A Extra Hanley 25c Bridge class 12-24 12-13 2 25c (Calif.), Extra 25c B Extra Pitt Co. 11-14 25c (quar.) Extra 6% preferred (quar.) Harnischfeger Corp., common 12-15 1- 12-15 25c quar.) Harbison-Walker 25c 12-27 5 $1.12% 1 81'/4C class A 12-27 12- 11-20 11-28 $1.66V4 1 25c of Extra 1 10c $1.25 75c $1 (quar.) 5% 12- Co.— I- 12-22 12-18 12-20 25c (quar.) 12- 12-15 12- 5 56c (quar.) Instrument 1-15 100% 12-15 ..25c (quar.) common 12-15 621/2 C $2.50 preferred (quar.) Machinery Corp. (stock dividend) ZV*% convertible preferred (quar.) Food 12-10 12-10 25c 3-10-48 preferred 1 12-31 U2V2C preferred $12%c *22'/ic Co., preferred Hammond 12- tlOc ... (increased > 10-9 f25c ... Extra $7c (interim) Paper Co., 8 A (quar.)_+ Acceptance Corp., Ltd.— 25c Watch Hammermill Water non-cum.j,class A 6% 12-11 12- preferred Industrial $40c 5% dividend Co. (quar.) (s-a) 10c (quar.) 2 2 50% Co., common (quar.) convertible preferred (quar.) $4.25 1- 75c Inc. Ltd. Bridge Class 11-30 1- 85c dividend) 30c America (cash dividend) Motor (s-a) (stock Co. & International Ltd. (initial) Cotton, Ltd. (quar.) Hamilton Gas Corp. (initial) 11-24 12-15 11-30 12-26 — Hamilton 11-20 Stores— Stock Stores, Mines, 414% 12-26 $1.10 (Canada) Hanna (quar.) Florida Power & Light Co.— 4>/2 % preferred (Initial quar.) Mills 12- J20c $1 preferred Fair $20c 50C Year-end Common Co. Insurance Hamilton 4% 11-20 11-10 25c (initial) (quar.) Common preferred (quar.) 5% participating class A (quar.) 5% non-cum. participating class B (quar.) Flintkote Company, common (quar.) 7% Food Bros. Hallnor 4V2% & Dock Co.— Fitzsimmons Stores, Ltd.— Flour Hale 1 12-10 50c Hamilton Stores- $1 iquar.)___ Extra Halifax 50c or Water Corporation dividend Cash 12- X20c Hackensack Hajoca (Utah) 11-20 11-13 $1.25 Utilities, common preferred (quar.) Gypsum Lime & Alabastine 1 preferred pfd. States $4.40 Fran¬ Co., $5 (increased) Sugar Special Gulf 1 $50 (quar.) Guantanamo 5 12- 50c (quar.) Group No. 12- 11-13 35c 1 12- 11-20 12-1 12- 1 $1.25 5 12-15 Gas Common Co. (quar.) (year-end) Corp. 12-15 Co.— & 5 12-15 11-14 12-1 2 3% pertiCi 'preferred 6%% 1 12-15 $20c convertible 4j/4% l2-.fi 1- quar. Industrial $1 $1.75 30c 12- Oil 5% 12-20 $2 Indianapolis Water. Co., class A' (quar;)- $2 1 12-20 11-14 — Extra Indiana 12- 1 12- ji5c Increased 11-19 40c Corp Corp. Lines) Imperial Oil, Ltd. (s-a) Imperial-Tobacco Co. of Canada, Ltd Imperial Varnish.& Color Co., Ltd.— $1.50 Holder• $1 (year-end) (Leased 11-25 $1,75 12- (s-a) Fort Cooper Corp. RR. International (quar.) common Brewury (initial) Grinnell Products 1 12- t75c f75c Western common Food Central 12-15 $1 (accum.). 6y2% $1.50 (quar.) Die & pfd. 12-15 50c (quar.) Tap $6 When Payable of Rec 12-30 $1.25 37V2c Special (quar.) Sugar, preferred Brick, 11-24 Ltd.— 12- B , preferred preferred Pressed 5% ^.preferred (quar.)__ Industrial Rayon Corp. (increased — preferred Co., 12-15 $2 6 10c 12-22 Class common Y.) Co., common.. 12-31 1 Firth Carpet Co., (N. (quar.) Co., 40c . $3 12- Class Ry. Saddlery Griesedieck 11-15 : Paper Western 7% 12- f30c Co. Pacific Tea Northern Great 1 11- & Extra Great 6% 1 12- $26c (quar.) Northern 6% 12-10 Ford preferred Great ,11-6 40c Great Atlantic & 7% 1 1 $2.50 _ American 3-16 12- 1 $4 (s-a) (extra) guaranteed (s-a) Imperial Chemical Industries, Ltd.— Ordinary (interim) 12-1 1242- 20c Power Great ,12-15 35c Co., Ltd,, class A (quar.)_ Consolidated Mining Smelting 12-16 $1 York .$2.50 common 5% .preferred 1-2-48 $1.12% Fishman Inc., 4-1-48 (s-a) 5% (irreg.) (quar.) Co. Quarterly Common 11-14 35c Great A First W.) — Granby Class (quar.) of Ogden 12-15 11-15 Co.— First Security Corp. 11-14 Hygrade 12-12 12-15 11-15 75c _________ _ 12-31 $1 $1.25 Grafton & $3 (quar.) fflyfrrfl. 12-12 11-15 $2 (quar.)___ class A 12-12 12-31 12-15 35c America, 12-31 12-15 62 '/2c (quar.) Corp of Co. llr-20 $1.25 (quar.)__ 1 12- 12-15 Griggs preferred Enamel Finance $1 37%c tl2'/2C Shoe Stores Co.— (quar.) 37'/2C $12'/2c 15c Gas & Curme Feltman 5% & Water Federal .11-22 12-1 .11-19 •12-3lr*v 12- 8 .. tl2%c 40C (quar.) 12^12 $1 : Share Co. 4% $1 common , 30c Works Illinois (quar.) $1.25 _— Co., 11-15 11-22 (quar.) 25c Farquhar (A. B.) Co. (quar.) Federal Mining & Smelting (year-end) Federal Mogul Corp 5* 1- 2 12-12 B Extra 11-15 1 12- Hydraulic 12-1 Class 7 $2.50 (quar.) Quarterly F.) $5 preferred (quar.) Goodyear Tire & Rubber Co., com. $5 convertible preferred (quar.) Gordon MaCkay Stores, Ltd.— 11-13 1 5* 5c C.) (B. 1 12- 12- tl'/tC (quar.): Year-end $2.50 Y.) Screw Goodrich i 12- 2 Company Refrigerator Huttig Sash & Door, 5% pfd. iquar.) Hydraulic Press Mfg., 6% pfd. (quar.) 56(40 (quar.) (s-a) Co. Co.,^6% preferred (quar.)_ Golden State Co., Ltd., 4% pfd. (quar.) Goodall-Sanford, Inc. (quar.) 12- :i2- 12- 5* 12-31 11- 25c Corp Farjardo Sugar Co. of Porto Rico Farmers & Traders Life Ins. (Syracuse, Federal (H. ;i2- $1 (irreg.) Ltd. Co., $1.25 50C 2 A 50c Y.) N. (quar.) (The) Fansteel 12-10 12-20 11- Class 25C & Coe Godman Graflex, 87V2c (quar.) 12-30 Per „ Name of Hussman 5c Extra $1.25 Faber 1 convertible preferred Oil $1.25 preferred Co., 5% Company (s-a) Eureka Pipe 1-25 ;i2- 12- 2-20 • 7%c of . Railroad Essex $1.25 3 12-10 35c quar.) Extra 11-15 1 50c (quar.) 11-20 4%% Holdert When 15c (initial common Monday, December 1, 1947 Payable o1 Rec 25c _ 50c new 12-15 12- (quar.) Brick Shale Co., 1 12-15 CHRONICLE Share Co. Extra 12-30 12- $1.75 Emporium. Glidden 12-17 $1.25 Year-end Ferro 5 1- $1 (quar.) Empire Steel Co. N. ,12-22 12- Company Machine 25c Empire District Electric Co., com. 5% preferred (quar.) Fair Gisholt 1- 50c Drug Co., 8% Empire 4% guaranteed Erie 8 80c (year-end) (resumed)- FINANCIAL Per Name of 12- 7% (increased) Corp. Corp. & Holder» ,12-26 20c (quar.) dividend Stock Electrolux When Payable of Rec. 20c Special Electrographic Elliott Share Company Natural Paso COMMERCIAL 15c 12- ' Volume-166 Number 4651 ft » THE Per Name oj Company y : Lamston \ New \ yy (M, r Share (initial quar.) Sessions v Common '• $2.50 Co., Secord 1- 2 2 12-20 1 11-14 12-15 " 11-25 25C Shops, (quar.)_J_ Ltd. 12-15 12- 2 1 11- Leather Portland Cement Co. 4j/4% & Co., common preferred Mid-Continental 7 $2.50 Mid-West 11-25 12-12 11-25 12-15 12- 1 12-15 12- 1 12-31 12-22 2 12-10 Lee (H. D.)' Co., Inc. (quar.) (James) & Sons Co. (quar.) Lehigh Coal & Navigation Lehigh Portland Cement (quar.) Co., 57c Glass 12-10 49 $1 (quar.)__ 11-22 1 (D. J.) formerly Stores, common (quai\) 11-28 12-10 12- 2 ? preferred 12- 1* Missouri 1* 12-19 12- 12- 1 11-15 Mobile 12- 1 11-15 Co. 12-10 11-21 3-10-48 2-23 3-10-48 2-23 12- 1 Molsons 4* Common 11- 4* 4y2% 12- 1 11- 7 4* $2 1-2-48 12-31 Moneta (Md.) 12-20 Monroe 12-31 12-11 Monsanto 12- 9 11-27 $3.25 1- 2 12-23 12- 8 11-21 iMoj ivesr-end) 1 12- 1 11- $1.50 12- 1 11-17 1 5% Moore 12-23 12- 3 12-23 12- 3 M.), Ltd. Ltd., Lyon Metal Products M. & M. Co. 7% preferred 12-15 12- Is 12-15 12- 1* 12-12 11- 3 12-15 11-29 Morgan 11-29 Motor 12-15 Motorola. 12- Mount 1-2-48 25c (quar.) 1 Consolidated Public Service (P. & 11-14 11-14 $1.50 1- 40c 2 12-10 Company, Manhattan 4'/47c Shirt Co. pfd. conv. (quar.)_ 1-15 1- Gardens, Ltd. (interim) Marathon Corp., 5% preferred (quar.) International Ltd., Co., Marine ordinary Mar-Tex Realization 11-21 Asphalt Conveyer 11-21 Mathieson Alkali 1-20 1- 1- 2 12-20 $2 12- 5 10-31 (G. Co. A Mutual Chemical 11-25 Nash-Kelvinator 12-10 11-25 National 12-15 12- National 12-10 11-28 12-24 12- 3 National 12-24 12- 3 12- Casualty Co. M.) Ltd., Oil, McCord; Corp.. $2.50 Mclntyrer Porcupine pld. Ltd. preferred (quar.) 1 11-15 12- National 11-15 11-14 Common 12- 1 11-21 Stock 12- 1 12-15 12- 1 12-15 12- 1 National 1-1-48 12-13 National 12- 12-30 11- 1-2-48 11- 1 12-15 >12- 1-15-48 2- 11-20 12-30 12- ,, 1 12-20 ,11- 4 $i.06y4 12- 1 11- 1 11- 3 1- 2 of share Dairy Class Food 12-15 57c 1st preferred 6% preferred 1st Mercantile Stores 5% (s-a) 1st pfd. (quar.) common Quarterly 7% Accident & Miners Transportation 6 11-28 National-Standard 2 12-11 National 1- 2 12-11 5 12- 1 12- 5 12- 1 - • (quar.)___w__. - ^ , . 12*10* 12-29 ' c. « 12- 1 $4 non-cum. 12-10 11-15 12-10 11- (quar.) Co. of Canada— 11- 5* 11- 5* 1 12-10 Insurance 12-15 Paramount 12- 1 11-18 Park 5 57c $1.75 12-15 12- 12- 1 11-20 15c 1-2-48 12-15 1-2-48 12-15 1-2-48 12-15 ■ quar.) 30c Co._-^ (quar.) (quar.)^ 12- 15c 12-20 12- 25c Co.l 12-22 12-12 50c $1 1 11-20 1 11-15 1 2 12-15 12-12 11-29 1-2 12-15 1 11-14 1- 5 11- 7 Company Brothers ; 12- 50c common _. Corp . 12- 75c 12-15 11-28 $3.50 (year-end) — (quar.)___—j__ —,— (Herman) additional share $25c 2-15 1-15 $$1.75 2-15 1-15 12- 11-21 1 11-20 12-10 12- 1 11-20 12- 1 11-20 12- 12- 1 1 11-20 $1.12V2 1-2-48 12-15 12-10 11-30 12- 1 11-15 12- 1 11-15 12-15 1-15 50c 12-23 1- 12- 1 1- 2 12-12 2 12-15 12-22 11* $3.75 12-22 $4 12-22 ll7l 3 3 11-17 12- 12- 5 12-5 11-25 12-15 12- 1 for 11-25 1 < 12-15 __ 12- $2 $2.50 1 12-15 $40c 12- 1 11-25 12- 8 2 12-15 25c 12-10 11-24 75c 12-15 11-28 1- 12-16 $1 (year-end) common preferred (quar.) 12-19 11-28 15c 12-15 12- 1 2 72c ____ 1-2-48 50c (quar.) 12-15 12- 1 50c 62V2C Gold 12- 1 11-24 25c 12- 1 li-20 12- 1 11-20 12- 1 11-20 12- 8 11-17 $20c 12-15 11-29 $35c 12-15 50c 12-1 $0.2083 1-12-48 $1 1-12-48 common (quar.) 11-15 $20c Reel, & 1 50c Rig preferred 12- $1.06% (quar.) Rust-Proof Co Penick Extra 1 ) 75c 11-29 Dredging, Ltd.— 7% preferred (quar.) Patterson-Sargent Co. Peabody Coal Co., new prior 67c preferred (accum.) 2- Nelson 11- 1 25c Manufacturing Co., Ltd.— (quar.) 2-15 —Nefsner - 12- $$3 35c (quar.) Common 47Vic 25c (initial) Co., (quar.) Interim Paton Peck (s-a) Co., Consolidated 5 preferred 12-20 $1 Year-end Pato 12-31 $1., 37V2c (resumed) (quar.) Co. Pen $4.25 2- Natomas __ held) Pictures Parkersburg 2-15 50c Tea Nazareth Cement (initial) com. (extra) convertible Parker 12- 20c (quar.) Chemical Parker 11-24 Co.-— (quar.) Corp. oreferred 2 1-1-48 12-12 12-20 30c Co., 5% preferred (s-a) Page-Hersey Tubes, Ltd. (year-end) Pan-American Airways Corp. (resumed) Panhandle Eastern Pipe Line Co.— Common (quar.) 1- $15c 12-12 12-23 20c $1.25 (quar.) Mfg. 4% 12-23 5 90c Robinson shares Corp. $1.1'2 V2 Co. preferred 20 Packer 2 11-15 1 * (increased Corp. 12- 11-19 12- 37V2c (initial quar.) preferred dividend—(One 50c $1.25 com. Mills each 2 $1.12y2 Corp., Machinery 12- 12-10 10c Stock 11-19 12- — partic. 1st preferred (irreg.) partic. 2nd pfd. (resumed), Finance Pacolet 45c 6 12-15 10c (quar.) Extra 53yec 7% ■ 12-13 3.8% 1-31 $1.62% 1 Sugar Refining (increased) Co., common (quar.) 4J/4%- preferred (quar.) 11-28 '-•*'-"3 "f Steel National 12- 50c preferred A non-cum Pacific National 12-11 Co.r-* " 6Vz% Co. Radiator Rubber * JJerritt-Chapman &Bcott Corp.-H- Oats National 12-31 2-16 $5 12y2c Service 1- . 11-28 11-29 30c — Linen 12- $1.75 preferred -(quar.) 12-15 12- 11-15 25c (resumed) 12-15 12-10 1 75c (quar.) $5 25c preferred (quar.) preferred (quar.)___,_ National • Merchants 12-15 12-13 12-17 12-15 12-31 $1.07 12- $1.20 (Minn.) (irreg.) Pacific American Investors, $1.50 preference (quar.) Pacific Coast Co., common for $5.25 25c Common $1.50 12-27 ». 5 Insurance 11-26 *11-26 25c 12- 12-13 5 30c (quar.,)— 12-20 $2.50 5 25c <quar.)_ Common 11-12 12- $1.25 9 Pacific 11-12 11- < (year-end) Paper, 20c share Co. preferred 12- 11-12 12- 25c convertible Mercantile Acceptance, Common 1-15-48 1 5% Power 9 1 4>/2% Tail 12- 12- 15c Year-end 12- 12- 5* 11-12 1 35c 12-19 11-28 12-15 12-15 12- 12-10 Otter $3.60 12-20 $5 $1.50 preferred (quar.) Oswego Falls Corp., 4'/2% pfd. Oxford 1-2-48 tax 12-18 1 1 12-13 $5 56V4c (quar.) 12- 12- & pfd. A 12-26 11-10 1 12- 12-25 75c Extra 1 12- 12-15 $1.12V2 (irreg.) 12-15 $15c Life Co. Building Co Oslrkosh B'Gosh, Inc., common 11-27 $12J/2c National Memphis Natural Gas (irreg.) Mengel Co:, common (quar.) a 11-15 12-15 $1.25 Oregon-American Lumber 11-15 1- 1 (quar.) Distillery, Inc African South 9 (quar:) National • At ((accum.) 1 Corp.— non-cum. 1st preferred non-cum. 2nd preferred 40c _____ > 11-14 1V2% Products 25c - 11-28 12- $1 12- Industries, Inc., common participating preferred^ 50c $1.75 (quar.)___ & Chemical 25c Co.— 12-15 12-15 10-27 40c Industries, Inc., 4% pfd. A (quar.) Ontario & Quebec Ry. Co. (s-a) Ontario Steel Products, Ltd., common (quar.) 7% preferred (quar.) O-O'Kiep Copper Co., Ltd. (increased) — A payment of four shillings or 74c after Erie Fire preferred $2.25 Poindexter 40c 1-15-48 held) $2 Megowen-Educator 12- 25c 1 10c Holding Pacific Gamble (15/1000 Drug National 3 12- 62»/2c (s-a)___ . 12-15 12-15 (quar.)__ 12- common 35c (Hartford) (quar.) National Gypsum Co., $4.50 pfd. (quar.) National Hosiery Mills, Ltd. (quar.), National Lead Co., 7% preferred A (quar.) 12-16 1 50C Corpn (quar.) 12-15 1-2-48 quar.) preferred National 2 50c pfd. 3% 1- ,2 1- 13%c (quar.): 5% 1-2-48 (quar.) dividend Convertible preferred 5% 12- (Del.) (cash dividend National 4c Corpv (common (irreg.)__ 4,/4.%i• preferred (quar.) 11-29 1 11-26 $$1.75 Oliil 12-15 12- 55c 10c Common 1 15c — Mead Co., Corp. Cylinder Gas— each 12-19 1 60c (quar.) McPhaili .Candy;Corp., common (initial) "C 5%%?convertible preferred -.(initial) Container 4y4% 11-115 $1 &r:Bobbins, common preferred (quar.)_; McKinney; Mfg:iiCo._ y<°. 4%: 2nd preferred Meadville Telephone 1 12- $$1.00 y2 $4 Medfordi 1 t5oy4c McKesson 11-29 & 75c 1 12-15 1-2-48 50c Tube Inc., 25c 12-15 6272C Ltd Year?endi 12-15 (quar.) 12- 150c Oils Old Extra J50c (s-a):... Ohrbach's, 11-14 12- 20c $25c (quar.)__ Orpneum National City Lines, Inc., common $4 preferred A (quar.)_ 20c -(interim Mines, (Detroit) 11-15 11-15 25c Co., Ohio $2 (quar.) 1 50c McColl-Frontenac preferred II-10 Co.— 15c 1 10c McBrine«(L. 11-17 11-14 25c (year-end) Register 1 for __ Service 12-8 12-15 1 11-10 12- 25c Seamless 11-29 (quar.) 12- 11-21 Ohio 40c Cash National ___ 11-15 11-29 Fibres common 93 %C (quar.) 3 America— 12- — 12- 12-15 (increased) Corp. Co., 1 75c River 12-15 1 Automotive Corp. Co., IV2V0 preferred (quar.)— Sand, 77c preferred (accum.) Onio 30c (quar.) 11-17 12- (s-ai 11-15 62'/2c (quar.) Biscuit National Oil Power 3 1 11-15 Extra 20c Extra 3 Ohio 2 1 common $1.50 National Casket Co., $7 12-24 convertible I- 12-10 (quar.) Co., Co., 12- 12-15 12- (quar.) Leather Ohio 12- 11-20 12-15 Telephone preferred Coiuection $5 1 50c 1 held shares Associated $2.20 Ohio Ohio 12- 12- — Qil Ohio $1 93%c Extra 50c of Nu-Enamel 11-28 11-15 1 11-25 2 Oak 11-15 12-19 11-25 2- $33c dividend) 2 40c Co. preferred (stock 1- 25c 2 12-20 3 $$1.50 11-28 37y2c 12- 15c 2 (quar.) 11-17 12- $1.12V2 1- (quar.) 12-1 (quar.) Manufacturing Co. (quar.), Ogilvie Flour Mills, Ltd., common 7 7c preferred (quar.) 12-15 11-20 $1 12V2C Power, Ltd.— 11-28 (quar.) 12-10 6°l< Namm's, Inc. (quar.) Service— Co. 11-28 (s-a) common 12-29 12-10 — ii-28 10 12-19 $1.25 (Wis.) 2 Preferred (quar.) 11-29 pid. $4 2 each 1 12-10 " (quar.) 1- 1 1- 1-15-48 (initial)-, of 12-19 $1 25c (quar.) Corp. 1 15c 1-2 1 11-29 11-29 1- $1 Light & share One 30c 8% pfd. (year-end) Inc. convertible 30c Company 2 Inc.— 85c Extra Maytag 12- 12- 12-20 12-20 75c t$1.75 Works, C.) $3.40 $25c 75c (quar.) series- Co. 12-16 Nu-Enamel 30c 37'/2c common- Initial May MCEwen Kaiser 2 1 12- $1.75 1947 12- Scotia 30c Brewing Co., 37V2c (quar.) preferred $3.75 preferred 12-16 (s-a) 50c Mayflower Hotel Corp. (Wash., D. C.) 4% $30c Supply 60c Year-end preferred preference 12- 12-13 ap¬ (quar.) Pharmacal 6'% 20c 11-26 1-2-48 per to 12V2C' Public preferred 11-14 12- 12-15 1 4V2%> Norwich 11-21 12-15 1 Northwestern 12-15 $1.25 12-19 per $17 (quar.) Nova +$1.75 11-28 2 1- cash $19.75 and Ry. preferred 11-14 (increased). 12-10 $3.11% Co. Power 12-15 Corp. of America Muskegon Motor Specialties Co.— 2 5% States tl2c 12-18 5c May Department Stores, common $3.40 preferred (quar.)__: $3.75 preferred (quar.)___— 1-2-48 12-10 t25c (quar.) Works, 87y2c Murray 2 V2 % (interim) (year-end) Co. 11-25 Muskegon Piston Ring (quar.) Corp. 12-15 40c Murphy 2 Communica¬ Extra Mathews $lc Pacific lc Munsingwear, 1 1- $1.25 (quar.) Co. Northern 30c 25c Electric 11-18 - Water 12- t25c Corp.___ Ltd. 1 (quar.) 67V2C Massey-Harris, 12- Extra 35c Leaf Northern 1- 11-28 of Northern Illinois Corp Extra 1 t55V2c 11-12 11-20 12-22 shares, of (Subject Co., 1 (quar.) 12-10 12-10 each (quar.)__ Water 12- 10c Muncie 3 35c (quar.) Extra Northeastern 11-10 11-24 12-10 75c t$1.50 participating preferred (s-a) Participating Mullins Manufacturing com. class B 11-28 $1.06'/4 9 12-13 11-28 11-14 common Refractories 12- 5% 11-28 12-10 (quar.) 12- 40c Extra 12-19 25c (quar.) Co. 12-19 Extra 12-26 25c R.) Year-end 1- 2 Insurance 11-10 11-27 12- 1 12-15 Electric for B lc Muehlebach 11-30 <quar.)_ pref. River Quarterly 11-26 12-10 North (quar.) Fuel 30c 11-28 (year-end) Corp. Inc. Producers (initial) common 12-20 1 11-27 2 50c class A Railroad Class 11-28 Mountain 5 Penn 12-16 Mountain 5 American North $2 Co. & 11-25 12- Nortn 12-31 10-14 12- 1 12-15 Diablo Oil Mining & Development— Extra 12-15 12- 2 1 1- 2 1- 12-10 5(JC shares 21 rate Rayon, 8 62y2c P.) Wheel 1 25c prior (J. American 9 12- 11-30 divi¬ preferred (accum.) preferred (accum.) 2 preferred 12-18 12l/2c 6% convertible 12-12 25C Extra Magma RR., 5 Lines, '/2c Trucks, Inc. (year-end) Macwhyte Company (quar.) Central $2.50 6% 1- 12- 11-30 $1 $50c dividend 12- 50c 12- 12-10 12-10 25c : stock common stock 12- (quar.)— 8 12-22 $50c $25c 51/2% Nortn 11-28 11-14 American Investment Corp.— 2 (quar.) Moore-McCormack 11-15 SEC.)—n 1- preferred $2.25 Mack Copper Co. (quar.) Mahon (ft. C.) & Co., new 12- B 1 the 50c Handley Hardware, com. (quar.) 5% 12-15 12-15 12-15 $$1.03 7% $3 (s-a) 12-20 of and stock). 1- , 12- 12-15 12- 2 $1.62 v2 common 12-15 1 25c Potomac of Cash North the at $25c (annual) 12-23 12-15 2 1- Refrigerating & Storage, Ltd.— (annual) Extra 2 (quar.)_ American Wisconsin $43c 12-15 1-15-48 1- 1-2-48 (quar.) preferred 1 1- 75c fractional of paid of t$1.12y2 common 12- $50c Wisconsin North 12V2c (quar.) (s-ai 12-23 $1.50 11-15 of lieu (in be of Power 20c preferred (quar.) preferred A (quar.) + 17>/2c Lynchburg & Abingdon Telegraph Mastic Co., A 15c (quar.) 11-15 1 (quar.) 88c (quar.) & Sales Co. 1 12- quar.) Tool series Corp., 4%, 25c (W. 12- 3 12- (quar.) (quar.) stock, Electric 50c (quar.) Chemical 1st Moore (s-a) proval 11-28 50c (quar.) (liquidating t25c $2 (quar.i Co. 11-28 $2 $25c 6 Co. 62>/2c $1.75 RR. 12-16 ! 25c Mortgage share Common 25C (quar.) 11-28 (quar.) preferred 11-12 $1.20 12-16 common (increased pfd. Montreal 12- share Mqntreal Cottons, Ltd., common (quar.) — $1.85 will 11-15 $12%c Porcupine Mines, Ltd. (interim) Chemical Co., $3.50 pfd. (quar.) 25c (quar.) 11-26 25c (quar.) Machine $25c held 12- 11-26 12-15 45c common preferred common shares $1.25 Mills Co., preference Monarch 12-22 37 V2C Monarch 100 12-15 (quar.) common Corp. of America Knitting Co., Ltd.— 11- Extra Marconi Ltd. 11- 11-30 l%c Co., preferred $20c Nashville Ludlow Mfg. Maltine 1 12- 25c (quar.) Carpet Hosiery 5% Potomac 12-12 Line, common 20c Title Mallory Mohawk Mojud Power, 11-29 12-15 12-12 12- 93%c Dock Co. quar.) Corp., shares 19 V'4 11-29 15c (quar.) 2 12-10 12-17 50c 12-12 $1.25 Corp. 1- 12-22 Railway Co.— (initial American 12-12 8 2 $50c convertible 20c class B 1 1- $1 (year-end) Extra dend) 1 12- 1 $1 50c Birmingham RR., 4% pfd. (s-a)_ Containers, Ltd., class A (quar.) Tool Works, Ltd. (quar.) 1 quar. & & 11- $2 Corp. North & 1 (initial) com. $2 11-20 12- 12-15 $1.25 common 75c preferred 1 .__ Ltd., 11-20 12- 11-14 12-15 Corp.— Western 47c (quar.) Utilities Modern 5% Land & Exploration— Louisville 7% 12-19 50c Louisville Master 11-17 Missouri-Kansas Pipe Class B 12- Extra tion 11-17 12- (accum.) Increased Maple 12-17 preferred 12- (quar.)__ 11-20 1 1 Corp. 20c (quar.) Lumber Louisiana Maine Appliance Mission t25c 77c preferred (quar.) Los Angeles Investment Co. Maine Mission 11-20 t25c Extra J. 11-20 $12'/2c (quar.) 1 1212- 11-22 12- 50c Corp. North American Car $1.37% 12-13 85c Extra $1.27'/2 11-20 $2.50 ; & New 11-20 11-20 quar.) Molybdenum "B" 1 1 Mining Electric Norfolk $1.50 Canning Co., 1 5% Ltd.— Taylor, 6% 1st preferred (quar.) Lorillard (P.) Co., common (interim) M. Valley 1 1 50c & Lowney Minnesota (initial 12- 75C Long-Bell Lumber Co. Lord 12-10 preferred 12- 50c . 1212- (s-a) (year-end) class B (increased) Nopco Chemical Co., 4 7e preferred A (quar.) Noranda Mines (interim) 11-25 80c RR. Co.___ Co. Nineteen Hundred Corp., 1 $1.25 (quar.) Minnesota Mining & Mfg. Co.— Common (increased quar.) $4 12-10 12- J.) Mfg. Niagara Wire Weaving Co., Ltd. Special — (quar.) 12- II 10 (quar.) (monthly) $4 class A preferred Modern (quar.) Gas 6% 1 87'/2C (quar.) Long-Bell 12-23 25c (quar.) London Hosiery Mills, Class A (quar.) preferred ser. A 12-17 (quar.) Star convertible Minneapolis Gas Light Co. (Del.) 5% preferred (quar.) $5.10 1st preferred (quar.) 5y2% preferred (quar.) _50c (quar.) common 8% 50c (quar.) 15c 3 Vs> % preferred (quar.) Little Miami RR.— Lone 12-16 12-15 37 '/2C Inc. 80c Harlem & (J. Extra 12-22 12-10 5c Year-end 12-15 30c Extra Common 2 $1.75 (quar.) 77c preferred (quar.) Line Material Co. (cash dividend) (resumed) Stock dividend (A share of common) Lion Oil Co. (increased quar.) Loew's, 1- 1-15 3.20% . 1 12-23 1- 37>/2C 15c 25c York Niagara Lower Arch. Bridge Co., Ltd. Street (s-a) preferred Common 11-28 12-15 Fifth 3-20 Minneapolis Brewing Co. (year-end) Minneapolis-Honeywell Regulator Co.— 11-13 12-10 12- $1.75 Corp Inc. Common (increased quar.) 3%% preferred (quar.) : Newport News Shipbuilding & Dry 12-20 11-15 $1 (quar.) Groceterias, 6-20 9-20 1-2-48 12-15 11-12 Loblaw Newport 12- 11-12 Lock Joint Pipe Co., 3-20 11-10 12V2c common & 4-2-48 12- 12- "A" Newmont 6-20 12- both 12-20 9-20 $1 on 1-2-48 7-2-48 1 12-10 $1.50 Newmarket 10-2-48 1 12- 12-31 $1 (accum.) Newberry 25c 12- 1-2-48 RR.— New 7-2-48 50c preferred A Louis 11-14 4-2-48 12-31 Chicago & St. 11-14 25c 10-2-48 -31-48 York 6% 12-15 $3 $1 1 10c 11-14 25c 5% 1 10c 12-15 (quar.) Milliron's 11- 50c 12-15 25c prior 1 Co 25c Inc., common preferred 1 12- Brake 12-15 25c prior 11- Extra New 1 11- 1 25c 4c (s-a) 25c $1 B 11-14 (quar.) $1.70 A 12-15 (quar.)—. $1.75 (quar.)_ Extra Extra 45c (S-a) (quar.) 12-23 Class 11-18 preferred 11- Class 1 preferred 12-23 Co., 12- preferred 1- Co. 3c Co. prior 1- Groceterias 1 (year-end) 1 prior 12- Belt 12- 11- $1 5c Link Auction $1 30c Loblaw Air York $1 t25c Savers guaranteed Special guaranteed Original capital York New 11- Extra Special New 11-15 11-15 Class B 'Liquid Carbonic Corp., 11-20 1 11-20 1- common 1 12- 12- 5c Stores, 12- 3oc $2 12- Extra Lincoln $1.18% 12- 1- Cup 12-15 Common 30c preferred 2 1 1 12- common preferred (irreg.) ; England Telephone & Telegraph New Jersey Zinc Co. (irreg.) New Park Mining Co. (irreg.) $3 1- 12- lz- 50c $3.50 preferred (s-a)_ New England Lime Co., 4 12-15 00c 7% Gas— common common Holdere Payable 0/ Reo. 15c — $1.50 Common 12-10 11-10 3 Cordage, (accum.) 25c Hart, 1- 1- Bedford Share class A 12c 12- 40c 1 Tulip Co., preferred & Co., New Extra Miller Company Mur Class B 12-10 12- 31V4C (quar.)_ Year-end 7% 1-2-48 New 1 12- 37'/2C Liberty Fabrics of N. Y. (quar.) Liberty Loan Corp., ciass A Lily 12-22 97y2c Extra 8% 12-10 50c (quar.) Corp. (irreg.) Liggett & Myers Tobacco, 35c 35c pfd. conv. 11-19 25C Leslie Salt Co. (quar.) Lewis Brothers, Ltd. (quar.) Lexington Water Co., 77c preferred Libby-Owens-Ford Oil $1 (quar.)_ Lees Electric Midwest 6272c G.), Inc., $4 pid. 12-16 1 Common 1- 25c (quar.) (R. 2 $1.75 Petroleum Abrasive 12-12 50c preferred Tourneau 1- 12- (quar.) (quar.) Consolidated $3 (s-a) (quar.) common Name oj Nestle-Le 5 i- When Per Payable oj Rec. 1-15-48 81 %c > preferred (quar.) Public Service (quar.) Michigan $1 (s-a) Extra v (2253) Hoiaer» 15c Michigan 4 When 62y2c corp., preferred 40c (s-a) Lawyers Title Insurance, 6% Life Thermit 75c C.) Extra : 6% 11-15 12- Co.__ Corp., $3.25 partic. pfd. (quar.) 3.90% pfd. (quar.) Michigan Associated Telepnone Corp.— 11-26 12- & 25c 7% preferred tquar.) Metropolitan Edison Co., 11-26 12-11 $20c ttCCuin.; 12-15 $75c 17C v Metal 12-20 1- Machine $1 Lawrence Leland 5 12- $1 (quar.) (quar.) ca.my (A. Year-end ■ Metal Textile 50C Lawrence Le Mesla 25C 25c Extra Leath 11-19 12- Share Corp. 12-24 62V2C (quar.) Co. of Company 1 12-15 25c (irreg.) (irreg.) preferred Langley's Ltd., 7% conv. p^u. Lansing Stamping Co. (irreg.) Laura Name 1-10 12- 15c common Bryant,, inc. (quar.) Lanett bieacnery & Dye Works Lane-Wells Per Payable oj Re0. IV2C ; Lane ,v FINANCIAL CHRONICLE & HoldLert Messenger •; & When H.), Inc.— common Extra, Lamson , COMMERCIAL . 12-15 11-28 20c — 1 .12-15 20c 12-15 25c 1-5-48. 11-29 5 & & Wilcox Ford, ..Peninsular (year-end) Products Corp Ltd. Metal Extra Common $3 com. — (quar 5c -—----—,— (quar.) preferred — (quar.) 5UC 2 1- 2 11-15 11-28 11-22 12r- 3 12-3 11-22 1-1-48 12-15 50c 50c 25c 1- 1 12- $2 jlOc. Telephone Co., 11-21 12-13 15c Co Extra Peninsular 11-29 12- Stow preferred 12-20 > 4-1 3-15 12- 5 3-15 3- 5 50 (2254) THE Per Name of Pennroad Company Corp. Share (irreg.) Pennsylvania-Dixie Cement 4.40% preferred B "&>■ (quar.) Circle Pfizer 12-31 12- 1 12-19 12-15 12- 9 12- 1* Republic 12- 6% 11-22 1- 2 12- 12- 1 25c $1.06'A 12- 1 12-21 5 11-20 12- 1 Philadelphia 12-11 12-11 Rice 11-19 Richardson 25c 12- 1 11-20 Richfield 25c 12- 5 11-15 12- 5 11-15 50c 12- 5 11-25 Robbins 12- (quar.) (quar.) 1- 5 11-25 12-10 $1.50 80c & 11-26 12-12 11-20 12-31 12- 1 25c (quar.) Germantown 11-26 12-10 30c common 12-10 $1 12-31 12- 1 Norristown preferred 4 11-20 1 11-15 Rochester 12- 1 11-15 & deposit Bowes, Inc., 1 11-12 Rockwell 12- 1 11-12 Rockwood 12-12 12- 1 5% 12-12 12- 1 5% 12-17 12- 1 Roos Brothers, 12- 1 11-12 Ross Industries 1-15-48 1- 2 20 $1 common (quar.) 7V2% preferred 11-15 12-12 11-15 53'Ac (quar.) 12-12 10c preferred 11- 15c Extra Pittsburgh Bessemer & Lake Erie 12-15 1-2-48 12-20 7 (s-a) $1.50 12- 1 Pittsburgh Coke & Chemical— preferred $1.25 Coal 12- 1 11-20* Co.— Increased 50c 12-12 11-28 Pittsburgh Forgings Co.— cash 37 %c 5%% clears all Placer Development, Plastics Corp. Pleasant Valley Wine (quar.) Plymouth dividend) Stock Oil Co. (cash (quar.)_ Dividend Polaris Mining Poor Co., & Co class ,___ B A of 3.60% Power 4.40% 12- 1 11-14 San-Nap-Pak 12- 1 11-14 Schwitzer-Cummins 12- 1 11-14 Scott preferred ! (quar.) Scranton 25c 2% 12-19 11- 5* Seaboard Air 12-19 11- Seaboard Oil 5c 12-20 11-21 12- 11-15 Preferred Co. (quar.) Pressed Utilities Metals America, Ltd., 4% 414 % Co. preferred Public Service Co. •Common share (stock of each (quar.) Extra International partic. preference Securities 1 1 Seismograph Serriek t$1.50 1-15-48 12-19 Class $75c 1-15-48 t35c 12-15 12-19 13%c Public Service Co. 1 11-20 1 11-20 1 12-10 11-15 1-1-48 12- 1 Sherwin-Williams $1.25 12-15 12- 5 Sherwin-Williams 6%) preferred 1 11-14 l/20th Water & of Co. Class a 12-15 11-28 12-20 11-28 12-15 11-14 12-15 11-14 Simmons-Boardman 12-15 11-14 50c 12-15 11-14 50c preferred- (quar.) 1-15 12-15 Simon $1.75 12-31 11-28 $1.18% 12-15 11-28 30c 1-1-48 50c 12-15 11-28 25c Industries, Inc.— preferred (quar.) Puget Sound Pulp & Timber, 6% Pullman, Inc. (quar.) Extra 12- 1 11- 6 12- 1 11- 6 50c _ convertible Purity preferred— (quar.) common Bakeries preferred Corp. (quar.) $1.25 (quar.) 1-1-48 ____ 12-10 60c Putnam Extra Fund __; Pyrene Mfg. Co. (irreg.) Refining (year-end) Stores, Ltd. (irreg.) Rand's (Pittsburgh) (quar.) Raybestos-Manhattan (year-end) Rayonier, Inc., $2 preferred (quar.) Ray-O-Vac Company (quar.) Reading Co., 4% non-cum. 1st pfd. (quar.) Reading Fair Company Real Silk Hosiery Mills, common (quar.) Service 12-15 12- 12-15 11-28 1 12-15 12- 70c 12-15 $12Vic 12-15 11-30 2%c 12-15 1 preferred preferred Brothers, Regal Shoe Co. Inc. dividend held) (One (cash share 2 12- 1 50c 1- 2 12-12 25c 12- 1 11-15 50c 12-11 11-20 40c 15c 12-15 12-15 12- 12-15 11-25 1- 2 12-12 1- 2 12-12 $1.18% 1 11-25 30c for each 1- 2 12- 3* 5c dividend) 1- 2 12-15 25c (quar.) (quar.) (irreg.) 1 l- $1.75 (quar.)__ (quar.) 12- $1 $1.25 Extra Red Owl Stores, 4%% pfd. A Reed-Prentice Corp. (quar.) non-cum. 12-15 12- 1 12- 2 20 ____, preferred (quar.) Grain Co., Ltd., 4% pfd. (quar.)__ Insurance Co. (Phila.) (s-a) Saw Ltd., Sons., & Extra 5% 12-15 12-1 $$1 50c 12- 1 12-15 12-15 11- 1 11-28 11-21 Standard 12- 1 11- 7 1- 2 12-11 Oil 3%% Co. New of Railway Silica Standard Stoker 12- 5 12-15 12- 5 12-12 11-29* 2-1-48 1-16* ,12- 1 11-14 Steel Products 12- 1 11-18 Stein (A.) 12- 1 11-18 Sterchi 12-12 11-25 12-15 1 12-31 Sterling 12-10 11-10 Sterling Electric 11-14 Fuel Stock Ltd. Motors, preferred Truck Corp. (s-a) & Fuller Van 4%% of (quar.). preferred (quar.) (quar.) Corp., Talcott pfd. 6% A $3 (s-a)—— (quar.) A (quar.) (resumed) convertible preferred Paper Co., common (quar.) Manufacturing (increased) Lathe South Carolina Works (extra), preferred Southeastern Electric & Gas, (quar.) com. j.— (s-a) _ _ (quar.) Southern Advance Bag & Paper, com. (quar.) Extra (quar.)... California Ordinal Lines ____, preferred Southern 4.32% Common preferred preferred Edison (quar.) 12- 1 11-19 37 %c (quar.) 12-17 11-12 Terre Haute 11-10 12- (quar.)' Inc.',. common 10-31 11-14 11-14 12-19 11t19 12-19 11-19 12-31 12- 5 Texas & 12- 1 Texon Oil 2 12-15 12-15 12- 5 12-15 12- 5 $1 12-31 12-15 25c 62%c 12-29 12-10 2 12-19 25c 1- — 12-10 12-30 12-15 12-30 12-15 2- 1 12-17 12-31 12-15 12-31 12-15 1- 2 12-15 12- 2 27C — 12-15 12-15 12- 1 1-2-48 — $12 %c 12- 3c 25c 11-15 11-28 12-15 25c ______ 1 12-15 $1.95 (s-a) 12-13 12-18 1- 9 12- • 12- 1 12- 3 12- 3 .11-12 12-15 11-28 12-15 11-28 90c 12-15 11-24 $90 12-15 11-24 30c 12- 1 11-15 12- 1 11-15 7%C 12-15 12-1 2%C pfd. 7% 1 50c 10% of 12-15 $1.75 (quar.)_ (quar.)— ( Trust— (year-end) proprietary Service interest (Del.) Co. (increased Gas __* t; ' , ; — quar.) (quar.) _ Pacific — Coal Pacific & 50c (s-a) 12- X Inc., Tb«m*stou 12-10 Tide Water 12- 11-17 Tilo Roofing 12-12 12-27 12- 1 12-31 12- 5 1-1-48 $2.50 — 12- 1 50c 50c Roller Bearing 37%c 12-31 12- 5 Tivoll Brewing!"Co. 27c 12-31 12- 5 Toledo Edison Co., ___ - 3-15 6-15 12- I 1-15 1- 2 12-15 12- 1 12- 11- 7 12-15' 1 11-25 $1.25 12- 5 11-20 (v25c 12- 1 11-10 $1.06'A 12- 1 11-14 (year-end) > —_ (quar.) 12-15 30c __________ pfd. $2- 5 ,11-25 25c (increased quar.) j, 4%% 12-15 $1 •___ Oil (quar.) 6-25-48 $1.25 common (quar.)... Co. 4-1-48 $1 Associated 1-1-48 50c Additional Timken 12-31 31'Ac ——_—_ preferred *11-10 $1 (quar.) Quarterly Quarterly Thoiuyjun Products* Inc., 4% 11-10 12-1 50c — Co common Mills 1 12- 10c Railway—_______ Land & Oil (year-end) $1.25. convertible preferred (quar.) Thermatomic Carbon. $5 preferred (s-a) Textron, 12-31 Co.— 12-15 12-15 $25c Works, Southeastern 12- 1 11-14 12-30 12-30 $1 Texas 11-17 12-31 1 5 50c certificates 40c 20c $1.12% 1 12- 1 11-15 11- 15c dividend 1 12-15 1- 1-2-48 56'Ac 1— 1 Land dividend 12-15 12-15 1 $1.25 Water Public Stock 12- $1.25 (quar.) (quar.) Sulphur Pacific Extra 12- 75c — — Certificates Texas 11-15 1 75c (quar.) common ._—, Gulf Cash 1 1- $2c Ltd Corp. Sub-share Texas 11-15 12- 40c ^ 1st Tennessee Extra 12-24 1 10c 5% convertible preferred (quar.) Telephone Bond & Share Co.— 11-17 11-10 12- 40c (interim) 55c Greyhound 12-18 f.20c (quar.)_ Tayl*r & Fenn, 4.32% conv. pfd. (quar.) Taylor Pearson & Carson, Ltd. (Canada) 11-17 12 %c " Extra Bend 11-26 2 common.!. Inc., 1 12-10 $1.37 preferred South 1 1- 75c preferred 31'Ac 25c Extra 5% % 12- 25c 5c (quar.) common 75c $1.25 1 50c (James), 10c Extra Corp., 11-10 (quar.) Ltd. Mines, preferred 1 12-10 87%c 20c preferred (quar.) Oil Co. (quar.) Socony-Vacuum Sonotone (s-a) 1 (quar.) 12- 1-2-48 12-20 50c 12- 65c 12-20 1-2-48 (quar.) preferred (accum.) Telluride Power, 6% 2nd pfd. 35c ' 1-2-48 12- A pfd. 6% 11-14 1 8 11-29 $75c (quar.) 11-21 12- II- 12-10 11-15 (quar.) Gold 15c 3%% Oil Corp., 11-21 12-12 1 11-28 12-12 30c 8 12- 12- Extra 4%% 11- 11-28 preferred Co. A Extra quar.) Extra $1.25 Class 11-28 1 1 Extra Texas 12-17 12-24 12- 12-15 12-15 1 1-2-48 25c 12-12 12- 12-31 12- preferred Syracuse Transit Corp Tacony-Palmyra Bridge, 12-12 1-10-48 11-25 Sylvanite share 11-18 $1 ' 2nd Texas each 5 1 12-15 Extra 7% 5 12- 12- 11-21 11-29 11-19 12- 12-15 12-15 12-10 12-15 12-15 12-15 International. 3 12-29 12-20 Swift 11- 1-10-48 10c 11-29 1 12-20 11-26 25c Paper 12-10 12- 12-10 12-11 50c & 3 12-15 9 1- (quar.) Swift 11- 2 1- 12-26 1 (*quar.) 9 1 11-20 Co. 12- 12- 11-19 12-10 Co. 2 11-24 12- 12-10 $1 (quar.) Mining 1- — & Sons,-common (Alexander) Co. Swan-Finch 1 11-12 12-10 25c (quar.i participating 11-15 200% Sloane-Blabon A 11-29 45c 97%c $1,25 for common (initial Terstegge 1 $30e $$1.25 $1,10 $$1.12% $1:50 held common & 12-10 $1.50 shares Two (cash 12- 12- 12-15 1 25c Webster Oil 5% 2 25c Sunshine 11-17 1- 12- 57c Inc.— dividend) Sutherland 11-28 11-20 10c (quar.) 12-15 11-17 2 Camp. Co. 11-20 1 12- 11-17 25c 1 1 12-31 25c 12- 12- 11-28 1- 15-48 35c (quar.) 12-31 12- 12-15 25c Motor Class 12-15 11-29 12-12 50c common 2 11-29 11-29' 12-15 25c tquar.) 12- 12-10 11-10 12-15 $1 (quar.) 12-22 11-29 11-10 12-10 50c Products Inc. preferred (quar.) (year-end i_ Stonega Coke & Coal (quar.) Stowell Screw Co., Ltd., class 11-29 11-14 12-10 20c (quar.) prior 11-29 12-15 30c & 12-10 12-10 $ 15c (quar.) (year-end) Stores, Inc. (quar.) Aluminum Common 12-10 12-20 15% Engineering Drug, Baer 12-10 11-20 20c dividend) (cash Co. Extra Sun 12-20 1 12 %C (extra) 2 12-15 10-31 12- Phosphate & Acid Wks.— 12- 2 10-31 1 25c .— Stokely 1- 1 12- 1-2-48 37 %C Mfg Sterling, Inc., 4%% 5% 12- 1 $2 Co. & Stewart-Warner Stone 11-15 35c (quar.) Co Supply Bros., Sterling 12-10 1 37 %C Extra 1- 12- — dividend Bros. Stix 11-14 12- 25c Quarterly 12-10 12-15 40c common Equipment Standard Wholesale 1- 11-24 5 12-15 $10c Extra 1-15 12- 12-10 40C (quar.) Corp. 12-13 11-10 12-28 12- 87 %c Jersey Ohio, A Standard 12-20 11-14 11-28 93%C Kentucky of preferred Talon, (extra) Gas & Electric— (increased quar.) preferred (quar.). Skelly Oil Co. (year-end) Skilsaw, Inc. (stock dividend) Soss Co. 12-20 12-10 8 50c of 12-22 ... 4%% $40c 7 City Smith Co. Stratton $3.90 5% 11- 12- 12- 50C (Del.) Strawbridge & Clothier, $5 pfd. Stuart (D. A.) Oil Co., Ltd.— Common Sorg 1 12- 11-28- — Extra 12- 12-11 1-15 8 60c Oil Standard Oil 2 11-26 12- 25c 11-12 1- 2-2-48 85c 1 75c — Co. (Detroit) Extra (quar.) Steel Simpson's Ltd., New Standard State 12-12 $1 40c —: 12- 20c 62%c $50c common 25c 1 15c Extra Publishing Corp.— 12- 1 Regent Knitting Mills, Ltd.— ianc-- & 12-15 (quar.) 12-17 preferred preferred Simonds 11-28 11-21 Indiana 11-18 5% 11-17 40c _r shares 1 25c _ Quaker State Oil Stock 12- 35c (irreg.) 11-17 $1 (George) 1 15c Extra 12- 12-10 California of 12-10 Signode Steel Sioux 11-21 of 1-2-48 (quar.) Singer Manufacturing Co. $4.75 12-10 Co. Co. 11-25 (quar.) Simon (Franklin) & Co. (see Franklin Simon) 11-28 5 Oil Oil 12-15 (quar.).. (H.) 1-5-48 Quarterly 11-25 Strapping, common preferred (quar.).. Silknit, Ltd., 5% preferred (quar.) 12-31 12- 50c 35c $1.25 *2-16 Standard Standard 25c 25c 11-15 5% 9 $1.50 $1.25 (monthly) 9 12- 50c $1.75 (monthly) 12- 1- 12-15 (quar.) 1 convertible $3C Dredging Corp., $1.60 pfd. (quar.) Standard Milling Co. (Illinois) (quar.) 4% 12- $3 11-28 $1 11-25 (quar.) B 12- 12-15 $$1.25 11-15 Extra Class 11-15 12-15 20c Standard $1.50 B 12-10 $1.12% __: 12-18 *. Signal Royalties, class A 11-17 (quar.) 1- (quar.) Ltd.— pfd. $2 (quar.)_ com. 11-15 Canada, 11-15 Publicker Co., of 45c New Hampshire Public Service Electric & Gas— $5 preferred (quar.) Oil 4% Co. 1 87%c 12- preferred $1.25 60c $1 12- (quar.) Standard-Coosa-Thatcher $$1.75 Co., Signal Oil & Gas Co., class A for 11-15 12-15 (quar.) Extra (quar.) preferred: 12- 11-15 12- (quar.) $$2 (quar.) preferred common 25c preferred 1 & 25c 59%c (quar.) Shellmar Products Corp., 12- $1.06'A Public Service Corp. of N. J., 8% preferred (quar.) preferred Co. 12- 7% Cap 30c $1.12% 25c (quar.)___ (Frank G.) 12- (quar.) common 15c (s-a) dividend) of Shattuck 11-17 93c 22c 25c (quar.) (quar.) 70c held. preferred 12- Brands, 11-15 20c common (year-end) common preferred 1 40c Co. Insurance 12- Sterling (quar.) Inc., $4.50 5 12- (quar.) 12- 1 $10c $5c Extra Indiana— Gas A 75c (quar.) of Corp. class 12- $1.37 % tquar.i 25c B Serve?, 11-21 — 15c Service Corp., t 12-15 — (quar.) 12- Investment, (quar.) 5% 11-21 11-29 $1.50 $1.37% is-ai preferred 5% 11-15 12- (quar.) Seal Corp.— $1.60 convertible preference (quar.) Standard Chemical Co., Ltd., com. (quar.). 31'Ac 20c Acceptance Corp., 12- 1 11-15 75c Canadian 4% 12- Colorado— Indiana share 3V2% Reuancu Co. (quar.) preferred of Service $1.60 & Extra Inc Prosperity Co., 5% A (quar.) 4%% preferred (quar.) Shenango Valley Water, 5% pfd. (quar.) Shepard-Niles Crane & Hoist Corp pfd. Public P Roebuck 12-31 12- 12- 1 36'AC 25c preferred 5% Delaware 12-15 Mfg. of Brothers, Reeves RR., of 12-15 $2.50 Corp.— 5%% convertible preferred (quar.) Prentice Hall, Inc., common (quar.) $3 preferred 5% Line Co. $30c 12-15 Standard $3.50 12- 1-13 11-15 12-20 conv. Sons preferred $2.50 25c , Co 25c (quar.) 1 11-17 1 1 12-1 o Quarterly Stedman preferred A (quar.) Seeger Refrigerator t90c Food 7% Lace 50c Inc. 12- 12- $19c $31'Ac (quar.) Extra Ltd., 5 12-15 $3.75 12- 10c pfd. (quar.). 1st preferred (quar.) 6% Standard Accident 91 'Ac Manufacturing Co.— preferred tquar.i $3.65 Second 12- 1 12-18 60c 12-15 2 12-10 12- 1-15-48 11-25 40c 85c 12-31 1- 12-20 12-15 1-2-48 11-25 5uc Extra 50c (quar.) 11-20 11-25 12-18 Standard (quar.) common 2 12-31 1-2-48 50c Co., 12- Scovill 11-15 12-18 25c Scythes & Co., Ltd., common 5% preferred (quar.) 11-15 11-17 Associates, Co 11-27 11-15 12-18 1 1 25c (s-a) 4%% preferred (quar.) Electric Co Springer Sturgeon Gold Mines (initial) Squibb (E. R.) & Sons, common $1 preferred (quar.) Staley iA. E.) Mfg. Co., common (quar.)... 25c 11-10 45c Year-end Rand Loan 11-20 1 5 11-25 12- — Inc., 75c preferred Telephone preferred $1.50 15c (quar.) Co 1 1 1- 12- 1-2-48 1 Service— biaies Spencer Kellogg & 1 12- 40c (Dallas) 2 12- 25c (quar.) Insurance Public 2nd $1.10 5 1 11-15 11-30 A Remedial Mfg. preferred Life Sparks-Withington, Spear & Co., $5.50 Spiegel, 12-15 1- 20c (quar.). (increased quar.) 10c pfd. 12-18 12- 1 12-19 — Paper 12- 12- 12-15 Semi-annual 12- 1 a 5 25c com. — Soutnwestern 12-10 (quar.) 11-28 22V2c ^ Ltd., com. (interim) 6% 1st preferred (quar.) 6% non-cum. partic. preferred (quar.) Powell River Co., Ltd. (quar.) 5% Co. 12-20 Sears convertible $5.50 12- $1.25 Co., (quar.) Sovereign Investors, Inc Spalding (A. G.t & Bros, 1-2-48 Participating Extra Pure Lead Extra 1 5% 12-15 12-15 35c preferred 5 $4 50c 11-28 5* $1 12- 12-15 20c (quar.) 12-15 Electric— 5 37 %c (year-end) Francisco & (quar.) Investment 1- 50c 25c 12-20 Co.— (initial quar.) Powdrell & Alexander, 7% Co. 1st preferred 12-19 preferred 11-28 11-15 Regis Paper Co., com. ( resumed quar.) 37V2c (quar.) Power Corp. of Canada, •%, Paper 6% 1 1- 1 20c (irreg.) Service 12- 11-24 Extra 35c preference America Electric Common $5 Joseph 12-10 20C 1-15 12- $1.25 St. 50c class Co. Potomac 7% St. 11-29 12-20 $1.50 12-15 25c Croix 12-12 (initial) 12-15 12-10 $25c (quar.) 11-17 25c Extra $1.50 Potash . Sabine Royalty Corp Safeway Stores, Inc., common $5 preferred (quar.) 12-10 5c 5 $1.12% preferred (quar.) 10c Materials Southwestern 12-15 11-24 Year-end Joseph Water Co., 12- 12- Gas Southwestern 12-10 (s-a) St. 12- 12-12 12-10 common 11-24 50c 2 25c Ltd. 12-15 $25c 1- 12 %c 12%c $50c 25c 12-12 $1.75 Ltd 11-25 2 (quar.) Oil, $3.40 7% preferred (quar.) Pittston Co. (initial) 5 1- (quar.) (Jacob), $1 20c (year-end) Service Electric Southwestern Standard 12-30 Pittsburgh Youngstown & Ashtabula Ry.— 12- — 62%c prior preferred series A (quar.) preferred series A (initial) 11-26 5% $1.06'A 12- (quar.) Electric Southwestern 12-17 12-10 (quar.) preferred (Ky.) $1.37% 5%% 2 11-28 2 quar.) 12-12 (this pay¬ 11-10 11-15 12-1 quarterly 12- $1 $1.37% 1st series 1 10c 30c $1.25 $1.25 $1.25 50c 20c 15c arrears) 12- 1- (quar.) Inc. (quar.) Corp. (increased preferred San prior preferred ment Southwestern 15c (quar.) common 12-30 Pittsburgh Steel Co.— Price F $1 Extra 11-25 12-15 12-15 Sprague $4 Pittsburgh & Lake Erie RR. Co. (irreg.) Pittsburgh Plate Glass Co. (year-end) Pittsburgh Screw & Bolt (quar.) 12-15 preferred A 12-12 37%c 25c (quar.) class A 50% dividend Increased $6 Southwestern 11-15 12-15 quar.) Quarterly Co Co., Royalite St. dividend 12-10 37%c 30c Stock Pratt & Common 4%% (quar.) Pittsburgh Consolidation 12-19* 2 Common Extra 11-15 1 1- 12-18 $3.50 (quar.) Roxy Theatre, Inc., $1.50 Royal Crown Bottling Co. 5% 12-19* 1- 17 %c Mfg. Ruppert RR.— 12-31 25c $$1 $50c preferred (quar.) series A preferred (quar.) prior preference iquar.) 5% <. (interim) -25c 75c $1.37% 90c 40c $1.12% 1* 12-15 $1.25 (increased (quar.).. Co. Gas Electric— preferred 12- Ltd.— receipts Co. & 37 %c (quar.) Co., American Increased Gas 20c preferred 1 12- 17 '/2C (quar.) com. Natural $0.1979 (initial) preferred preferred Union Gas, Royalty Extra 12- 91 Vic each 4%.% Southern Southwest $3.62% arrears). Robinson, Little & Co.. Ltd., (quar.) Johnson all H.) 50c for 2 $1 12- 25c (H. non-cum. 2 12- lc convertible 4%% 5% 12- 12-22 12- 12-22 75c (quar.).— 12-12 $1 : common Soutnland Co c,ears 5% share (one common 12-10 12-22 Co., 9 Co. 50c dividend 2 Railway I-15 1 37 %c Co 11-10 participating preferred (quar.) & Mander Corp. (irreg.) Robertshaw-Fulton Controls, com. (initial). 25c held) Pillsbury Mills, 5% ment 1- Southern 12-19 2- $1.20 (quar.)l 12- $1.50 $1.50 Water, common (quar.) (cash dividend) 12-10 Gas 1 Oil Robertson Suburban 12-20 Natural 1 Roberts 4% Southern Pacific Co. 11-20 12- Co.— Electric & 1- & Myers, Inc.— participating preferred (accum.)___ participating preferred (This pay¬ $1.50 12-31 Southern 1-15 $1 Oil Ranch 87%c 1-15 1 1-15-48 25c $$1.50 (quar.)__: 12- Corp. (quar.) Riverside Silk Mills, Ltd., class B (interim)$2 participating class A preferred (quar.)_ Year-end $5 (increased) com. 2 (quar.) Philadelphia 4*4% Manufacturing Co., 4%% preferred (quar.) 1-2 Extra Pitney Rheem 12-10 Philadelphia Suburban Transportation— Quarterly Pinchin preferred (quar.) J.) Tobacco, 3.60 % pfd. (quar.) (R. preferred ttotoer* Ltd.— Co., (quar.) $1.50 convertible Reynolds preferred Indiana Gas Southern Wften Payable of mc Water. Co.— Power partic 6% Share " (quar?) Canada 2-2-48 25c 25c (quar.) Copper & Brass, common — Reynolds Metals Co., common (resumed)— 5 '/2 % California preferred 4% Southern 2-2-48 25c 75c $3.65 preferred Philco Co. (quar.) 9 Southern 12V2c 30c $1 preferred 12- 11-21 Company 15c 15c $1.06'A (quar.)____ common 1-2-48 Extra 11-21 Name of 4.8% Revere $1.12% $1.75 8 9 common prior preferred A 12- 12- (quar.) Co.. 11-14 1-2-48 (quar.) B 12- 5 Extra Stock A preferred Petroleum 1 12-15 Inc.— preferred 12-15 12- 1 ______ Railroad Fund, 6% $2 (quar.)__ (quar.) Investors 6% 12-22 (quar.) (quar.) preferred 12- 1-1-48 Republic Pictures Corp., $1 conv. pfd. (quar.) Republic Steel Corp., common (quar.) $4.50 Republic 11-12 Company (Chas.), 0% 1 1 _____ Philadelphia Bourse Philadelphia Electric, $4 12- tet Holder * 25c $1.12% 11- 1 1-15-48 3%% preferred (quar.) Phelps Dodge Corp $1 1 12-31 $1.75 — Extra 11- When Payable of Reo. 50c 60c (quar.) preferred Brewing Co. Extra 1 20c preferred Inc. (The) Pfeiffer 12- Monday, December 1, 1947 CHRONICLE 87%c 25c 2nd Paul, Pfaudler 25c convertible 40c (quar.) 4%% 4J/4% Tst preferred 4.'A% Mfg. Co., common (quar.) preferred (quar.) Stores, Inc. (s-a) Remington Rand, Inc., common 3%% $1.37 % Perkins Machine & Gear, 7% pfd. Pet Milk Co., common (quar.) Peter Reliance 12- 1 $1 Co. Corp., Share 25c (s-a)_ preferred Perfex 11-28 Company 10c _ Perfect Per Name of $1.10 $7 preferred (quar,) Peoples Gas Light & Coke Co Peoples Telephone Corp., common I 12-15 92%c Pennsylvania Exchange Bank (N. Y.) Pennsylvania Salt Mig. (increased) Pennsylvania State Water Corp.— 4%% 11-20 Reliance Engineering Extra #T f; 12-15 25c (quar.) FINANCIAL & H olden Payable of Reo. 40c Pennsylvania Electric Co.— 3.70% preferred C (quar.)_ Pennsylvania When COMMERCIAL - ~ ft - f it,■■ ;■ Volume 166 Number 4651 THE Per ^ Name of Company i 'Title 40c / 11-21 2 12-22 1- 3 12-15 {10c 12- 1 11-20 {10 c Extra ; 1 1- {10c Brothers, Ltd. (interim)""-" •Toronto Elevators, Ltd. (quar;)__ -o 12- 20c 12- 1 11-20 12-10 11-28 Extra'; Year-end Treesweet 75c Products Co. "" (quar.) Troy & Greenbush RR. Semi-annual 12 %c Truax-Traer Coal Co.— 12-15 12- 6-15 6- 12-10 payment Twentieth clears $1.50 all $3.75 Extra preferred (quar.) 12- 1 11- 12- 1 11-18 12- Co. 12- 2 Upper 12- 2 Upper 11-24* 6% 1-2-48 12-10 ♦ 1- 2 12-10 Upson 50c 12- 9 1Z- 1 12- 9 12- 1 Carbon Unite^-Carr Co. 12- United Chem'cals, United 12- 1 11-17 12-15 11-29 12- 1 12- Elastic 1 Electric United Fuel Van Norman Van Raalte 12- 12- 1 11-18 12- 1 11-18 12-10 11-14 Verney 50c 12-10 11-28 60c class A 12- 1 12- 12- 1 12-10 11-14 25c Cos Investments, 12-10 11-24 (quar.) {75c (s-a) 6% prior preferred Merchants 6% 5% ". preferred 5% ( 12-20 11-21 12-20 11-21 12-29 12- preterred Common United • 12- 1 11-15 12- 1 11-15 Wabasso U. 12- 1 11-15 1-2-48 12-15 Waldorf Casualty Co.. $1.25 4-1-48 $1 25 7-1-48 (interim) U. • convertible S. Foil Co.. 7% " U. preferred arrears;— is-a) U. S. S. $4 , 1 11-17 Wamsutta 12- 5 Warner Brothers Warren Brothers Co., 1-2-48 U. , 1-2-48 (quar.) S. 11-20 $1.25 Mills 37V2c 2-2-48 1-15 5-1-48 4-15 37V? 8-2-48 5 Woodward 5 Wool 12- 11-14 12-23 75c Class B C 1- 6 12-19* Warren 1- 2 12-19* 12- 5 12-23 12- 5 50c 12-31 12- 8 Warren 12-24 12- 8 12- 8 $1.06% 12- convertible class A preferred (irreg.) 1 11-19 Waukesha 12-31 12-18 Wesson 1-30-48 1-15 preferred (increased quar.) $1.50 12-15 1-30-48 1-15 22 %c Playing Card Co. (s-ai 1-2-48 $5 12-17 11-15 62%c 12-16 50c 1-2-48 1-2-48 $5 3 5 12-23 Jersey special & 2- 2 guaranteed State and BOND 11-25 1 11-5 12- 1 pfd. Yellow 1-15 Mfg. Cab $1.12% (quar.) 1-31-48 12-15 12- 12- 1 11-15 12-17 11-17 12- 4 11-20 1-10 12-24 31'Ac {50c Co., 12- 1 11-10 3% 12- 8 11- 10c 12- 1 11-24 50c 12-20 12- 5 2 12- 5 12-15 12- 5 $1.12.Va 12-15 12- 5 50c (quar.)_ 12- 1 11-15 12- 1 11-15 6% convertible 11-15 6% convertible preferred preferred convertible preferred York Corp:, 11-14* 933/4C 12- 1 11-14* 4Va% common preferred Youngstown 11-25 1- 2 12- (quar.) 25c 12- 1 $1.25 (initial quar.)__ 1 12- 1 (quar.) 1-20 (increased s-a) 7-31-48 25c Door 7-20 *1-2 12- 2 12- 12-15 12- 1 2 12- 1 56V4C 1- 25c 1- 1 1 $1 12-15 $1 1-2-48 11-19 5 12-20 20c 1- 11-19 11-14 11-24* xLess 11-24* ♦Transfer 12- 2 tPayable in 12-12 12- 2 {Payable in resident 12- 1-24 4-20 37M>c __ & Coke 12-12 $1.50 11-14 2-1-48 1-31-48 Extra Co.— (s-a) 1 25c 75c s-a) 11-20 37VaC 4-30-48 (quar.) Steel Zeigler Coal 12- 11-24 1 12- 37V2c (quar.) Youngstown Sheet & Tube Co 1 11-15 12- 25c Extra 12-15 1 12- 1-2-48 {4c 25c 25c 11-15 11-17 1- $2.50 (quar.) 1 1 3 $1.12Vsa com. common 1 1 1 50c prior preferred 12- 12- 1-15 Co.— Common 1 11-17 $1.50 50c convertible 12- 25c RR. 1 12- 90c (quar.) 12- 12- quar.) Seashore 12- 25c interest 12-16 Inc.— (increased $1.12'/2 5% prior preferred ts-a) Wright-Hargreaves Mines, Ltd. (quar.) Wrigley (Wm.), Jr. Co. (monthly) Wurlitzer (Rudolph) Co 20c Extra West 12- 1-5-48 $1 com. (initial Sugar 11-20 $1 preferrred 75c Indies 1 11-15 1 tax T.ps.c <» 30% Jamaica books U. income closed not tax. for S. Funds, less Canadian funds, 15%; British resident income tax this dividend. 15% Canadian tax deductible non-residents' the at tax. Non¬ source. 7%. tax.. City Department PROPOSALS AND NEGOTIATIONS ALABAMA sold subject to the approval of Reed, Hcyt & Washburn, of New Jefferson County (P. O. Birmingham), Ala. York Bond Offering — C. M. Pinson, President County Commission, ^ will sell at public auction at 10 a.m. on Dec. 4, $159,000 bonds and , 2% of the warrants as $120,000 bids follows: Due refunding court house jail construction bonds. $8,000 on Jan.-l, from 1951 to and 1965 payable on thereafter . the Jan. on interest bonds 1959, the and any at date to months 12 interest at the rate borne 39,000 ' by the bonds. refunding road warrants. Due- on Jan. 1, as., follows: $2,000 from 1951 to 1969, and $1,000 in 1970. The warrants are payable on- Jan. 1, 1959 I. and thereafter are redeemable at the option of the County, either on Jan. 1, 1958, or July 1, 1958, or upon any maturity •. • • or interest payment date and accrued thereafter, at ; • • interest to • * - • .. 12 plus par a months premium equal interest at the rate borne by the warrants. the were no $4,500,000 not to bridge bonds offered Nov. 25. 166, p. 1830. The Board of —v. exceed interest 3% road Revenue and Road Commissioners readvertise may the bonds for sale. ARIZONA July maturity payment for and or thereafter, at par and accrued interest and a premium equal ; received County, 1, 1958 1, 1958, or upon or 1, of Jan. The redeemable are option either incl. County (P. O. Mobile), Ala. Mesa, Ariz. Bond Offering — J. Edwin Mil¬ ler, City Clerk, will receive sealed bids the until 8 p.m. on Dec. 22 for purchase of $100,000 not to 3% interest recreation exceed building, series 1947 coupon Mil Simms, State Treasurer, in the Capitol Building, City of Phoenix, t>-m. until 2 chase on Dec. 8 for the pur¬ of $169,000 not to exceed 3% interest refunding bonds. De¬ nomination $1,000. Due on July 15, as follows: $20,000 in 1949 and 1950; $21,000 in 1951; $22,000 in 1952 and 1953; $23,000 in 1954; $24,000 in 1955, and $17,000 in 1956. 1955 to from 1963 to 1968 cipal incl. Prin¬ interest and at the to (J-J) payable City Treasurer's office. No bid for less than par and accrued interest will be considered. Ap¬ proved Bids must state the rate of interest to be paid. No bid at a price less than the par value of the bonds will be considered. The bonds will be delieverd at the of¬ fice of the State Treasurer, in the are Oct 7. A certified check for on 5% A Phoenix, certified check for 5% or Ariz. cashier's of the par value of the bonds, payable to Treasurer, is required. the State CALIFORNIA to authorized at the election held Building, opinion of Gust, Rosenfeld, Divelbess, ^Robinette & Lintony of legality by Gust, Rosenfeld, Diyelbess, Robinette & Linton, .of Phoenix, amd the pur¬ as Anderson Cottonwood Irrigation District (P. O. Anderson), : ; Nov. on 10—v. 166 1528 p. < Calif. Bids Rejected Beaumont, City Clerk, bids until will to 1948. Dated Jan. interest 1962 to inclusive. County Treasurer's office. 2, in be of 1% and not terest rate certified than be bid. No Chairman County quired. lk in¬ one 44,000 at the the bonds election, held Oct. 7. of & the bonds the Myers, certified bid of Los check for Dec. 2 County 1950 of the Board is Supervisors, Riverside County, Perris to of re¬ refunding second issue bonds of¬ cal school district bond issues: Sch. Dist. (P. O. Riverside), Calif. > Offering—G. A. Pequeg- Bond nat, Clerk, Board of Supervisors, will for purchase of the following lo¬ on from Rate of inter¬ quired. Bond Offering — Earl Lippold, County Clerk, will receive sealed a.m. 1 inclusive. Chairman for, payable to Angeles County Sch. Dists. (P. O. Los Angeles), Calif. 10 on bonds, payable to order of the 3% City, is required. until District Jan. certified check for 3% of the An¬ Los bids of re¬ annual interest payable at the County Treasurer's office. A , A Jan. is est, not exceeding 5%, to be expressed in a multiple of V\ of 1%. Principal and semi¬ purchaser will be furnished with the approving opinion of geles. School Dated 1971 The O'Melvenv Bassett 000 authorized on Board 1, 1948. Denomination $1,000. Due $2,- pal and interest (J-J) payable at the office of the City Treasurer. are the of Supervisors, bonds. bids for less than par and accrued in¬ terest will be considered. Princi¬ These A check for 3% of the bonds, payable to order of the of multiples of more may Rate Rate of in¬ annual interest payable at the $1,000. Due on Jan. 2, as follows: $2,000 in 1949 and 1950, and $5,000 from to inclusive. not exceeding 5%, to multiple of lk of 1 %. Principal and semi¬ Denomination 1951 1973 be expressed in a 7:30 p.m. on Dec. 3 for bonds. Jan. Denomination terest, sealed the purchase of $64,000 not to ex¬ ceed 4% interest municipal im¬ provement Dated 1, $1,000. Due Jan. 1, as follows: $5,000 in 1950 and $8,000 from 1951 Conine, receive bonds. 1948. Calif. Bond Offering—Bernice the — trict issue. All bids re¬ ceived for the purchase of $275,000 jv $189,000 Willowbrook School Dis¬ rejected. Negotiations are underway for private sale of the Loan of Phoenix. from 1949 inn State office Capitol on the rate of terest. All bonds and warrants the The County will furnish the legal July 1, as follows: 1954; $5,000 1962, and $6,000 from chaser will be furnished with their opinion. These are the bonds name the by at $1,000. Due $4,000 are to received Commission bonds. Dated Oct. 1, 1947. Denom. Dated Jdn. 1; 1948. Bidders incited be fered —were County (P. O. Nogales), Ariz. Bond Offering—Sealed bids will . Bonds Not Sold—There bid, is Santa Cruz is required. Mobile total amount of the required. City. A certified check for a.m. receive on sealed bids until 10 Dec. 8 for the purchase of $18,000 construction bonds. ; fiJ, ) 11-17 12- & beneficial prior Worumbo 11-20 (quar.) Disinfecting Co., 11-17 12-31 Extra 75c (quar.)_ (quar.) Co., 12-31 35c Trust— of 4V2 % 11-20 $1.50 Snowdrift preferred West 1 ?-1P 50c 12- & preferred West 12-16 (quar.) (quar.) (quar.) Motor Co. Oil t50c {$2.50 (interim.) 25c 6% common 11-24 Co 25c preferred (quar.) Washington Water Power Co.— 50c 50c 4%% Corp., 4 of Canada, Ltd.— $1.13 (quar.) common 12- (s-a) 50c preference Petroleum 75c non.-cum. Co., 12-15 $1 Worthington Pump & Machinery Corp., 11-21 12-15 62V2c 3%% $3 $6 (initial) D:) 11-17 1 (quar.) Co., Ltd.— registered (s-a) Investment Certificates 12-20 12-15 20c preferred (quar.) Warren (Northam) Corp.— $1 common 2 1- 37V2C (quar.) $4.50 (S. 11-20 1 1- Co. W.) preference World 11-21 1- 50c (year-emd) 50c 1 12- Extra (quar.) Class 2 6% 1. — class A 12-19* 1- (F. 4'/2% (see Disney Walt) 12- $1.06% {40c (F.W.) 12-15 62V2C (s-a) 'b';V 8 11-15 11-29 quar. Woolworth Worts— & Governor Woolworth 12- 12- 12-10 25c preferred 8 12-10 25c Co. 12-13 12-15 t30c preferred Combing Corp. Increased $1 12-15 $1.75 Woods 7-15 12- 12- 11-20 1 preferred (quar.) Manufacturing Co., Ltd. (quar.) 12- 2 11-20 12-19 12- convertible 20c Pictures 6 12-23 5% 12-15 1- 12-24 12-24 12-13 20c (quar.). (year-end) Co., com. Electric 12-15 t$l 25c $1.50 (increased) common non-cum. 4'J (quar.) 11-10 11-25 25c Wisconsin Power & Light, 4%% Woodall Industries, Inc. 12-16 1 Machine Hirsch, Inc., 7% pfd. (quar.) Wisconsin Co., 4%% preferred (quar.) Wisconsin Electric Power Co., common 3.60% preferred (quar.) 6% preferred (quar.) 1 2 (quar.) $1.75 (quar.) 12- 1- 137 V2C 1- 50c 12-20 C2V2C quar. 50c Fvtra V. Increased 12-15 (re-umed.) Common . 11-20 1 5% 37Vic Gooderham 12- (resumed) Machinery Corp.— participating preferred (quar.) S.'Lines. 11-14 1 12- 1 12- 9 12-26 $10 Winter & 1 11-15 Walt Disney Productions Participating D; t , 1 12- 1 11-15 12-19 i partic. 12- $1 Winnipeg 11-15 30c 12- 35c $1.25 ■ 12-20 (Hiram) 5% Co., preferred Wilson-Jones 2 12-19 (quar.) Leather .Co., & $4.25 12-12 35c Common Bros., Wilson 12-15 Hoffman 4%% U Wilson 131 'Ac 11-14 Mfg. Inc Products, 11-14 (quar.) 2 (resumed) preferred System, Inc. 1- 22>/2C Willson Lace 2 12- 1 * (year-end) (irreg.) (quar.) Co. 12- 12- Products & Gibbs Sewing 1-15 1 1-15 11-24 12- t$1.12Va (quar.)__ 25c Motor 11-18 12-15 pfd. Extra 12-10 12- 4Va% 12-10 50c Paper Co. 1 12-10 {20c 1-31-48 common—....... Instrument Chlorine Whitaker 1-30 {9c Ltd., Weyerhaeuser Timber Co. 12-20 $1 $114.25 11-10 Wilkes-Barre 40c Walker 11-10 Paper, 11-28 25c 6 1 1 12- Co., com. (quar.) preferred (quar.) 11- 11-10 12- 11-20 Extra 4% 12-1 *12- 1 25C 11-10 95c 12- 9 $1.75 1 25c $1.60 quar.) 11-14 12- 87VaC Wilcox Walgreen 1 $1.75 preferred Extra 11-20 (quar.) 12-18 12-15 25c (quar.) 75c Ltd. 12-19 Gypsum Co., common (quar.i 7% Co., 2 Guarantee Co S. Cotton 1- Special U. 12- 1 $2 1-2-48 $1.50 (quar.) Westvaco Extra class A preferred S. 12- 5 11-29 12-22 Corp $1.50 (quar.i (quar.) Classr: B 1- 2 12- 9 1-2-48 65c 1 A 40c 25c all (clears preferred $4 >' Weston 6-15 12- 12-22 10% conv. preferred ; 11-20 3-15 12-12 Finishing Co.— 45c 1 Corp. (s-a) Amulet; Mines, Ltd. (quar.) Waite common S. 7% - (George), Ltd. 12- Wabash-Harrison 25c S. U. . v.; Electrical Year-end Inc.— ; preferred Weston 1 (s-a) 2- preferred B preferred 12- ,, Manufacturing $1.25 Manufacturers, Paperboard, Westminster White (year-end) (year-end) 12- 5 Extra 3.80% 12-30 12-.-P 11-20 80c (quar.) 53c iquar.) non-cam. B 58V3C •" 6% Class Vogt (quar.) Ltd. 11- 3 12- 2- 1 12-12 $1.25 (year-end) Corp.. common 12- 1 $1 2-15 2-15 $2 Brake Electric 1-1-48 35c 1 75c $1.25 •:'b Stationery 11-21 1-1-48 $7 (quar.) (quar.) Air 12- 1 $1.371/2 (increased & preferred 62Vic 6% preferred (quar.i Visking Corp., class A (quar.) 9 5% Westinghouse Westinghouse 3 V2 % (quar.) 50c (quar.) (quar.) Molasses, preferred Western Tablet 11-15 75c 66%c Dare, Ltd., 5% pfd. (quar.) Virginia Electric & Power, $5 pfd. (quar.)__ Virginian Railway, common (quar.i 6% preferred (quar.) o% 1 22% c 12V2C Virginia 12-10 60c (monthlv ; & preferred United • 2 50c United i 1- 65c Illuminating Co. (year-end) Light & Railways— 7% prior preferred (monthly) 6.36% prior preferred (monthly) • 9 Ltd.— preferred 11-P8 25c Manufacturing, Ltd. Vick Chemical Co. (quar.) Virginia Coal & Iron Co 11-28 12-15 75c Coal 12-10 51c 75c (quar.) 11-15 Pacific RR., common preferred A quar.) Western Railway of Alabama 5% 75c Viceroy Corporation 11-17 12- 71v';| ■P 11-26 12- 1 12-12 Company Co., Inc. 11-24 1 $1.06% Vanadium-Alloys Steel Vapor Car Heating Co.— 7% preferred (quar.) 1 12-15 12- 12- (quar.) preferred 11-10 11-14 Extra *' f convertible $4 11-24 12-16 12-15 (s-a) 50c preferred United Gas Improvement United • 12-15 12-15 75c Western 12- $1.20 (quar.) 1 25c 11-14 (^ear-end) prior preferred Valspar Corp., common 11-24 1- {50c 11-26 — $5.50 8 {50c 11-15 12- 5 Power Common 11-24 12- Western 25c -----— 8 Western 12-15 ' (s-a) 25c Corp United •United Co. 12-15 12- $1.12Va 1 iquar.i 12-15 (resumed) $3 (quar.i. 12-15 25c —— 12-11 1- 2 40c & Light (increased quar.) Knitting Co., common (quar.) prior preferred (quar.) Val.ey Mould & Iron Corp.— 11-17 Carp. Inc. preferred 2 2 (quar.) 300% dividend)— 5% 1 1 $1.25 " . 1- $1.12 y2 1 /United Corporation, 1 11-28 11- 10c Water Service Co. (quar.) Products, Ltd. (s-a) 2 $1.75 B 75c Extra 6% Utah 1 12- 12- 20c (quar.) 2 12-10 50c (quar.)_ Fastener 1 $8.75 (year-end) 50c United 7 12- 12- 12-11 25c Auto Supply Co. (quar.)___ Condensing Co Western Maryland Railway— 7% 1st preferred (accum.) Canada Mines, Ltd. (interim) Michigan Power & Ligni— preferred A (quar.; Year-end 11-19 25c Extra . 12-10 $5.50 (quar.) (year-end) Biscuit Co. i (quar.) •United 11- 12-15 ti older$ Payable ot Reo. 50c (quar.) preferred Extra Co.— preferred ureterred Virginia Westeel 12-15 25c Co, (irreg.) 51 25c $4.50 12-10 When share Coke & Pulp & Paper Extra 433Ac Utica 933/4c Common , convertible 90c 12-12 (quar.) Rope Corp. Lines, 4M>% $1.25 (increased) Winding 12-15 -L Wire 11-18 11-7 West 30c (stock Products 12-23 25c Car 12- 1 12-10 Co Tobacco Corp Pictures, 4'/»% $1.75 (quar.) 56>/4C pfd. Match 2 17V2C 11-21 Coal 50c Stockyards Corp* Universal Co. of California— A Co. Insurance 37 V2C (quar.) 12- 8 Virginia Extra 75c Leaf 50c Rubber 1.1-21 . Universal 12-23 1- 5 $2 preferred (quar.) (N. Y.) (quar.) Universal 7 West Virginia 12-15 - common Universal $1.12 V2 United Air preferred (quar.)__ United Aircraft Corp., 5% conv. pfd, (quar.) , Trust 11-15 $1 (quar.)_ (increased quar.) common non-cum. S. 11-15 1212- $2 4%% Universal Union Paci ic RRI "(year-end) Co. (quar.) • 11-28 75c preferred .'Union Tank Union U. This $1* Union Sugar • Special Tobacco, S. 7% Corp.— I,. Extra • U. 25c Asbestos & ^-Union Oil X 11 20 40c Film v. Extra r^-Union Bag & Paper Corp. i; 1 $1 $4.50 prior preferred (quar.) Underwood Corp. (year-end) Union S. Steel Corp., Spring & Bumper, United tqvar.) convertible S. 1 1 50c (quar.)- Universal arrears. Century-Fox Common ■ U. Per Name of Company 1-1-48 (quar.)-.. s. common; 1st preferred Holder« Payable of Reo, West J S. Rubber Co., (2255) 62Vktc Lithograph, com. (quar.) ;- ■ ,, CHRONICLE When Share —-- preferred 8% . , New common, (initial quar.) 'Tudor City Ninth Unit, Inc.— ;;;; 4 6% preferred faccum.) ^Tung-Sol Lamp Works, 80c preference. ? (>' U. 1 X ►. Extra 5% 1 25c (s-a) , 12- $1.75 $1.75 Association Companp U. »,Transue & Williams Steel Forging Corp.— v, Per Name of V. S. Printing & Tooke FINANCIAL & Holder* Payable of Reo. (Los Angeles)— Quarterly ,-v.. _y When , Share , Insurance & Trust Co. COMMERCIAL '■ These .. 52 (2256) the are THE bonds election held authorized on the at Bosworth, Dick & Dawson, of Denver. Only unconditional bids r , Bond Election—The issuance of be submitted to to be the voters held on at Feb. considered. for 5% A..certified of the amount bid, payable to the City Treasurer, is required. $7,570,000 construction bonds will election be check Martinez), Calif. > the an CONNECTICUT 10. Fairfield, Conn. Riverside County, Banning Ele¬ Bond mentary School District (P. O. received by the Board of Se¬ lectmen until 3 p.m. (EST) on Riverside), Calif. Sale—The $60,000 build¬ ing bonds offered Nov. 24—v. 166, p. 2149—were awarded to the Se¬ curity First National Bank of Los Dec. 2 for the purchase of $725,000 not to exceed 2% as 3s, at a price of 100.basis of about 2.95%. Dated Jan. 1, 1947 and due on Jan. 1 from 1951 to 1970 inclusive. John a Nuveen : of & Co., next highest bidder, offered 100.05 for $15,000 2% s and $45,000 3^s. Riverside 1/10 Sale—The $25;000 build¬ ing bonds offered on Nov. 17— v. 166, n. 2038—were purchased by John Nuveen & Co. of Chicago, at a price of 100.044, a net interest cost of 3.11%, as follows: Dated A County Treasurer's next highest bidder office. Association, San Francisco, for $14,000 as 31/2S, and $11,000 as ' < . bonds —v. by on Nov. with check for, bonds offered of 2149—were p. Bank & of purchased America by National V4 1965. , ■ . Dated for New tl. M. 1947. 1967 .1, 1957, ment or date numerical . ~ on any on Dec. interest pay¬ thereafter, jin inverse order. furnished The purchaser with the printed «o38as^'-r to FLORIDA 1, 1947. Denomination $1,000. Due Sept. 1, as follows: $5,000 in and in on 1958, 1963; $24,000 iri 1964; $25,000 and 1966, and $26,000 in Bidders are required to at the American Co., Chi¬ cago. Approved as to legality by Chapman & Cutler, of Chicago. will of National the rate of interest the bonds name bear expressed in one-hundredth or of 10 Dec. on a.m. Silvis, 111. 1%. election the Voted—At Bonds more 2.99%, the bonds maturing in held on Nov. 18 the voters ap¬ the years 1958 to 1967, inclusive, proved the issuance of $235,000 •water works bonds. shall be subject to redemption on June 1, 1957, or on any interest INDIANA payment date thereafter, prior to maturity, at par plus accrued In¬ Center Township School Township terest. If the bonds bear interest at 2.99% or (P. 0» Centerville), Ind. less, all of said bonds The bonds have been validated by the Circuit for 15 $1,000. Due Oct. 1, as follows: $25,000 from 1951 to 1953; $30,000 in 1954; $35,000 in $45,000 in $55,000 in 1955; $40,000 in 1957; $50,000 in 1959; $60,000 in $65,000 in 1961; $70,000 in $75;000 in 1963, and $100,000 Board of Public In¬ & is required. Co., docking facilities revenue at of price a County (P. O. Indianapolis), Ind. Bond Offering—Ralph F. offered on Nov. 24—v. 166, p. 2039 purchased by Allen & Co., of New York, at par. Dated Sept. 1, 1947. Interest payable M-S. County Auditor, will sealed bids until 10 for a.m. { Moore, receive Dec. 9 on the purchase of $506,148 not to exceed 2% interest voting ma¬ chine GEORGIA bonds. Dated Dec. 1, 1947. Denomination $1,000 one for $148. Interest J-J. Due $25,148 July 1, Savannah, Ga. — l3/4s, for high¬ Marion bonds —were Certificates Sale The next Frank E. Hailstone was 100.541. West Palm Beach, Fla. Sale—The $350,000 3V4% 1956; 1958; 1960; 1962; the est bidder pay¬ Bond the on to 1948 to 1960 incl. $8,000 school building bonds offered on Nov. 19 —v. 166, p. 2039—were purchased by the Centerville State Bank of Centerville, as 1V2S, at a price of par. Dated Nov. 1, 1947. Interest payable J-J. Due serially from Court of the County, and the ap¬ proving opinion of Caldwell, Mar¬ shall, Trimble & Mitchell of New York City will be furnished to the struction Sale—The $12,000 Bond shall be non-callable. able purchase of $1,500,000 not to ex¬ ceed 2%% bridge revenue coupon or registered bonds. Dated Oct. 1, Denomination & Trust Bank multiple a */4 If the bonds bear interest at A certified check for Bond Offering — Langley Bell, Clerk, Board of County Commis¬ sioners, will receive sealed bids until payable (M-S) 1965 1S67. $10,000 from 1959 to Principal and interest and incl. 1967 purchasers without charge. County (P. O. Pensacola), Fla. are all a in the following years: to name redeemed multiple 3%% if redeemed in 1962 and must be of the bonds. 3% if redeemed Britain National Bank. in 1964 or or 2J/>% if redeemed in 1966 if from redeemed in 1968 or or 1V2% if redeemed in 1970 name or 1963; 1965; 1967; 1969; A syndicate 1949; $25,000 Jan. and July 1, from $25,000 Jan. and $26,- composed of Johnson, Lane, Space 1950 to 1955; & ficates received $533,000 to 11:30 a.m. on not be considered; No bids for less than par and date of accrued interest to delivery will be accepted. V4 of 1%, or must specify in his bid the amount and maturities may name more No bid than three inter¬ maturity must bear interest at the . rate. same bid No accrued less for interest than or and par less for as IOWA . than all First accepted. and interest (A-O) the Central and Co., New The purchaser will be Dated Aug. payable F-A. National Bank of Boston, against payment in Boston funds, about Dec. 17, 1947. Conn. Offering—John A. Bond Han¬ City Clerk, will receive sealed sen, bids until 8 p.m. on Dec. 9 for the purchase of $660,000 coupon or registered bonds as follows: $300,000 not to exceed 4% inter¬ est sewer extension largement bonds. on Jan. 1, from inclusive. and 1949 to 1968 100,000 not to exceed 4% interest public parking bonds. Due - $10,000 on Jan. 1, from 1949 to 1958 inclusive. 100,000 not to exceed 4% interest recreation bonds. on Due $10,000 1, from 1949 to 1958 Jan. inclusive. 85,000 not to exceed 5% interest - • furnished opinion be & Trust with of will the Caldwell, approving Marshall, Trimble & Mitchell of New York Bond Fernandina, Fla. Offering — Edmund W. Meisenhelder III, City Auditor and Clerk, will receive sealed bids until 8 p.m. on Dec. 10 for the purchase of orovement of $75,000 1947 3V2% bonds. im- Dated Sept. 1, 1947. Denomination $1,000. Due $1,000 in 1949; $3,000 from 1950 to 1952; $10,000 from 1953 to 1957, and $15,000 in 1958. Prin¬ cipal and interest payable at the Florida National Bank, of Fer- -* school addition bonds; 'inclusive. J bonds; Due on Jan. 1, as lows: $4,000 from 1949 to ~ - and fol¬ 1963, $3,000 from 1964 to 1968 to/} u inclusive.- Dated Jan. 1, 1948. Denomina¬ $1,000. Bidders to name the rate of interest in multiples of Vs or 1/10 of 1%, and must be tion 1, 1947. as : / the sable for 'all of the bonds of the coupon purchase bo^ds. a.m. of on Dec. $400,000 23 for school Dec.1. i Q4.7. inclusive. thorized These the at Oct. 30, ! are ':' 1' the bonds election i.',!- >». . au¬ held on .s KANSAS Plains School District, Bond Sale Details—In Kan. connec¬ tion with the sale of the $1.25,000 improvement Milburn Co., ported 166, 2s, Elizabethtown, III. in bonds of our were sold IV2S, as 1950 to from Small- to Wichita, Nov. 2039—we p. bonds 500 from 10 learn as as re¬ issue—v. that the follows: $37,- maturing $12,500 1952, and $87,500 as 1953 to 1959, both in¬ clusive. Bonds Publicly Offered—Ben¬ Lewis & Co., of Chicago, jamin are offering $35,000 3y2% sewer bonds. Dated May 1, 1947. De¬ nomination $1,000. Due on May 1, as follows: $1,000 from 1949 to 1953; $2,000 from 1954 to 1965, and $3,000 in 1966 and 1967. Principal and interest (M-N) payable at the KENTUCKY Mt. bids until 7:30 p.m. On Dec. 2 for purchase of $145,000 sewage disposal plant bonds. Dated Jan. 1, 1948. Due serially from 1948 to 1967 inclusive. Bidders Co. of Chicago are from ,1959 to 19,62, inch Principal ■ No. 188 (Pi 0.'\Broioktyn),■, flLvi Bonds/Publicly Offered—Ben¬ Callable at 102.50. to name the, ratfe 'of interest that the borid£ are'to bear. These are are the bonds author the: -general election Franklin min Lewis & Offering—E. O. Crooks, Clerk, will receive sealed the Co., Chicago. Aproved as to legal¬ ity by Chapman & Cutler, of Chi¬ cago. ' ■ )' County School District No. 87 (P. O. Zeigler), IU. Bonds Publicly Offereifc—Benja¬ ! Sterling, Ky. Bond City American National Bank & Trust and interest (J-J) • payable at the County Special Tax School American National Bank & Trust District No. 7 (P. O. Dade City), Co., Chicago. Approved as to le¬ Florida "" 4 ' ' gality by Chapman & Cutler/qf Bond Offering—Walter C. Craig, Chicago. * V J. ; County Superintendent of Public St. Clair County School District Instruction, will receive sealed 11 Bank, of Dakota City. Due seri¬ ally on Dec. 1, from 1949 to 1958 ILLINOIS Pasco bids until $10,000 water improvement bonds offered 166, p. 2150—were purchased by the Livermore State to * of the bid is required. The — Nov. 24—v. on Interest Approved City, Iowa Sale Bond works $133,000 in 1972. investment $2Q,OjOO nished with the approving bpiri- offering for iohv Of Giles J. Patterson of Jack¬ 3%%: building bonds, . Dated? July 1, 1947. Due, $5,000 on July 1, sonville. A certified check for .2% each issue. No bid for less" than 1948; $75,000 in legality by Reed, Hoyt & Wash¬ burn, of New York City. City. A certified check for $30,000 payable to the County is re¬ quired. nandia, or elsewhere, as may be Due on Jan. 1, as follows: mutually agreed upon with the $5,000 from 1949 to 1953, arid purchaser and the City Commis¬ $4,000 from 1954 to 1968, both sion. The purchaser will be fur¬ fFitch 75,0fW) not to exceed 5% interest Winnipauk school- addition . offered Principal payable at City. en¬ Due $15,000 bonds Hanover Bank York Nor walk, the Dakota 1949; $77,000 in 1950; $79,000 in 1951; $81,000 in 1952; $83,000 in 1953; $85,000 in 1954, and $1,947,000 as 3s, maturing $87,000 in 1955; $89,000 in 1956; $91,000 in 1957; $93,000 1958; $96,000 in 1959; $98,000 in 1960; $101,000 in 1961; 4103,000 in 1962; $106,000 in .1963; $108,000 in 1964; $111,000/in 1965; $114,000 in 1966; $117,000 in 1967; $120,000 in 1968; $123,000 in 1969; $127,000 in 1970; $130,000 in 1971, The bonds will be delivered at the of sioners, is required. 2 V2S, maturing on Aug. 1, $73,000 in est rates and all bonds of any one prior date of sale, will bidder on The issue will be divided follows: the rate of inter¬ multiples of Vg each and unsuccessfully offered Nov. 12. as 1971, telegram Krull, 1951 1951; $19,000 from 1954; $20,000 from 1955 to 1958; $21,000 in 1959 and 1960; $22,000 in 1961; $23,000 in 1982 1952 to jamin Lewis/& Co./-.of /Chicago, par and accrued interest will be ; Denomination $1,000. Due on June are Offering for investment $95,000 bonds and the opinion of Pershing, accepted ' Principal and interest |l, as follows: $17,000 in 1949; $18,- ;3%% building bonds.! Dated Sept. will be • :■ on Dec. 1 from inclusive. Optional 000 in 1950 and Escambia by . aerially highest Co., for & tion , bonds. Dated Dec. 1, Denomination- $1,000. ; Due next Estabrook purchaser. Telephone bids without confirma¬ Trust funding The M-N. was 2s, at 100.189. of the bonds of each rate. will' receive sealed bids, until *7:30 p.rftV on" Dec! 2 for the.purchasfe 6f $300,000'water're¬ - bidder Interest the (J-D) payable - payable 1967 to 1, furnished 1964, and $1,000 in Dec. 24, 19471 Prin- Clerk, 1948 from Nov. on incl. be to B^hd' 'Offering City , serially 1947. Due 1, will v.. ' $190,000 school 166, p. 2149—were purchased by Day, Stoddard & Williams, of New Haven, as 1.90s, at a price of 100.422, a basis of 1.852%. Dated Nov. Nov. 24—v. on est in Sterling, Colo. * Bond Sale—The bonds offered Monday, December 1, 1947 than Approved as to legality by Storey, Thorndike, Palmer & Dodge of Boston, whose approving opinion -COLORADO ? and Co., . Oxford, Conn. Bidders to the at the County Treasurer's office. The .next,' highest! bidder was Jones, Cosgrove & Co., for 3%s, at a pnce ,of"100.20. ;:^^ , 1 , Judd, Trust Norwalk, at the option of the holder. The purchaser will be furnished with the approving opinion of Wood, King & Dawson of New York City. A certified check for 1% of the par value of the bonds bid for, payable to the City Treasurer, is required. the $16,000 as 3V2S, maturing $1,000 on Dec. 24 from 1948 to 1955; $2,000 from 1956 to 1959, and $11,000 as SV^s, maturing $2,000 cipaL and interest H. -Norwalk South 2% lows: ; South Principal and interest payable at the First Bank of Boston, or at Savings Association, of San Francisco, at a price of 100.107, a r.et interest cost of 3.344% as fol¬ 1960 Finance 1/10 of 1% or same . from W. of $1,000. Bidders the school Nov. .24—v. 166, on — Board (J-J) payable at the Bank of Man¬ Co., New York City, or at 1947. Conn. rate of interest in cne San Diego), Calif. Sale—The $27,000 Bond the to the New Britain National of tion Trust Staats San Diego County, Lakeside Union School District (P. O. CHRONICLE Co., of Savannah, Robinson- 000 July 1, in 1956, and $26,000 1964 to 1.972 incl. The bonds ma¬ Humphrey Co.* of Atlanta, Blyth Jan. and July 1, from 1957 to 1959 & Co., of New York, John Nuveen incl. Rate of interest to be in a turing in 1964 to 1972 will be & Co., of Chicago, Equitable Secu¬ bonds. Due on July 1, as fol¬ redeemable prior to their stated multiple of J/4 of 1%. No bid for rities Corp., Clement A. Evans & less lows: than par and accrued interest $56,000 from 1949 to dates of maturity, after 30 days Co., Brooke, Tindall & Co., both to date of delivery - will be re-i 1952; $55,000 from 1953 to published notice, in whole or in of Atlanta, Varnedoe, Chisholm & ceived. /The purchaser will be fur-* part but in inverse numerical or¬ 1956} and $56,000 in 1957. 175,000 school series 29 bonds.' der if less than all, at the option Co., of Savannah, and J. H. Hils- nished with the approving upinion of the County, on Oct. 1, 1962, or man & Co., of Atlanta, have con¬ of Ross, McCord, Ice & Due on July 1, as follows: Miller, of tracted to purchase, at a price of Indianapolis. A certified check for $10,000 from 1949 to 1965, and on any Oct. 1st thereafter/at the the $2,500,000 water and 3% of the par value of the bonds, price of par and accrued interest, par, $5,000 in 1966. Dated July 1, 1947. Denomina¬ plus the following premiums if sewer revenue anticipation certi¬ payable to the Board of Commis¬ 24 Co., Chicago, Co., Blair & Co., Inc., Dean Witter & Co., and Braun, Bosworth & Co., Inc., jointly, for $500,000 as 2s, and .$1,438,000 as 2V4s, at a price of par. the of 2% payable Offering . Northern William R. for a.m. (EST) on purchase of $675,000 coupon bonds, as follows: $500,000 veterans temporary hous¬ ing, series 1 second issue ings Association} San Francisco, Blyttyy&" Co., American Trust Co., jFranpisqOff Gray, Dec. 2 for the First San be bonds. favorable the Bank, until 11:30 166, p. 2149—were purchased a syndicate composed of the Boston Corp., Harriman Ripley & Co., Inc., Weeden & Co., ©f San Francisco, R. W. Presspri.cn & Co., of New York, and Heller, Bruce & Co., of San Francisco, at a price of par, a net interest cost ©f 2.19533%, as follows: $500,000 as 2s, maturing $25,000 in 1963; $225,000 in 1964; $250,000 in 1965, and $1,438,000 as 21As, maturing $250,000 from 1966 to 1969; $150,€00 in 1970 and 1971, and $138,000 in ,1972. Interest payable J-D. The next highest bidder was Bank of America National Trust & Sav¬ must the Taxation, will receive sealed bids care — offered of Ropes, bid President County, Sacramento City Unified School District (P. O. Sacramento), Calif. Bond Sale The $1,938,000 bonds and all New Britain, Sacramento school 1%, multiples of Treasurer, is required. Bond The was Bank of America National Trust & Savings 31/js. of certified Town Dec. 1, 1947. Principal (J-D) payable at the in Best, Coolidge & Rugg of Boston, and of Pierce J. Gerety of Bridgeport. $1,000 in 1960. and interest furnished opinion as and of for same be 2%s, maturing $2,000 from 1948 to 1952 incl., and $15,000 as 3 V4S, maturing $2,000 from 1953 to 1959 incl., $10,000 */4 or be Principal and interest (J-D) pay¬ able at the Bridgeport-City Trust Co., Bridgeport. The bonds will be ready for delivery on or about Dec. 11, 1947. The purchaser will Sch. Dist. (P. O. Riverside), Bond interest to the Thermal Union Calif. County, interest elemen¬ tary school coupon bonds. Dated Dec. 1, 1947. Denomination $1,000. Due on Dec. 1, as follows: $73,000 from 1948 to 1952, and $72,000 from 1953 to 1957 inclusive, Rate Angeles, 548, Offering—Sealed bids will be Bond FINANCIAL & hattan will Oct. 28. Richmond School District (P. O. . COMMERCIAL Jfc -. v l - ■•v/'si 1 i£M;ai/ 'bit Nov.1^4!r - Nicholas County (' ?':'Carlisle)M{Ky,,:, '*i<?;; hi ' ■ ■ Bond Offering—Jy F; County Court Clerk;' wiH> receive sealed bids until 1 :J0 on fred* 3 for the purchase of $94,QOlOi not to exceed 2 ^ % interest: i §cjiool building bonds. Dated; iDpc* ;15. 1947, Due, on Dec* lSnas follows! $7,000 in 1948, $8,000 from. 4949401953; $9,000 from 1954 to 1956, and $10,000 in 1957 and 1958; op¬ tional on any interest payment date at 102 on or prior fo June JS# 1952;r 101 'thereafter, and*- on r or prior to june 1,5, 1957, and 100" thereafter, in inverse order oL tjieir numbering. - Principal and} ., . r" \ Volume Hi 166 i in r i i Number 4651 im i i Mir, m r ■ "" m THE interest (J-D) payable at the First v COMMERCIAL Yost, of Baltimore, -A certified National Bank of Carlisle. Bidders check for $50,000payable to the ; to name the rate of interest in a County Treasurer, is required.; y multiple of V* of 1%. In no event will - plus i than be furnished proving of opinion with the FINANCIAL-CHRONICLE ap¬ offered 15, (2257) 1947. Due on be in Approved as to legality by Storey, Thorndike, > Palmer » & Dodge of Boston, whose opinion will Nov. 25—v. 166, p. on No ton." Boston, Mass. r Bond Sale—The $1,000,000 con¬ struction of public ways bonds Chapman & Cutler, of Chicago. A certiiied check for $1,500 is required. multiples of .% of 1%. bid for less than par and accrued interest will be considered. Prin¬ cipal and interest payable at the National Shawmut Bank of Bos¬ y of in est MASSACHUSETTS par be favorThe purchaser considered. will 102 interest aecrued ably / bid less a & m be furnished Denomination $1,000. April 15, as follows: $32,1948; $33,000 in 1949; $34,000 in 1950; $35,000 in 1951, and $36,000 in 1952. Rate of interest to the National losis issue of $10,000 School | District No. 29 bonds, as 3%s, at Principal and interest pay¬ par. able J-D. The bonds were —were sold as notes Bank of Gloucester National Bank, 0.621%. at r School Sale—The house notes offered 3s, at 166, the p. Nov. 24—v. on 2151—were purchased by Lee Higginson Districts 11 School 22A bonds. Sale—The manent offered on Nov. 25 1947 were Due First The of next Michigan Ann T. water loan notes. 1947. on Dated Dec. Denomination Dec. 15, as $1,000. follows: $6,009 annual The interest National will notes payable Bank be their Corp., of by the at Boston. certified genuineness rector of as the to Di¬ Accounts, Massachusetts Department of Corporations and County (P. O. Chestertown), Md. Qffering—John A. Notes Sold—It is stated that the following notes aggregating $88,were sold recently as IV2S, at a price of 100.30, a basis of Legg, Clerk,. Board,of County Commis¬ 000, sioners, yriU receive sealed bids uptil .il amu.,(EST) on Dec. 10 for the3purchase, of $1,000,000 not to exceed,^ Jp(erest school of 1947 coupjon j?pnds. Dated Nov. 1, 1947. about Denomination $1,000. 25J)00 school land notes; Due : ' chaser. A certified check for 2% of the total par value of the notes payable to the City Treasurer, is required. Bid The bid re¬ for the $6,329,000 Detroit ceived — only Rate will 30 be subject to redemption days' published notice in revenue the* rat&br rates, of interest which the feondb are to bear expressed in multiftlehof^ or1/10 of 1%; mbre than Bidders' may specify one1 <rate bit interest which the bonds are to bear, but not more interest rate of any ma¬ turity date. The purchaser will be furnished upon request, with the. approving opinion of Br Scott Beck, County A11orney, of' Chestertown, Hinkley W Single^/ and Niles, Barton,' - Mb'rrow &{ bonds offered on Associates, offer¬ for 3s. par, Bond Offering Dric. 1; $2,000 in 1948 to 1952, and $1,000 in 1953 to 1967, all 3 inclusive.'" on Dec: 1; $2,000 in 1949, and $1,000 in 1950 to 1967, all inclusive. • 1948 - | •: and f Interest payable J-D." .yu'n ,K Quincy, Mass. Bond Offering—John R. nessy, sealed en ShaughCity Treasurer, will receive bids Dec. 1 until for 11 the a.m. (EST) purchase of $400,000 veterans' housing bonds. Dated nomination Dec. 1, coupon 1947. De¬ $1,000. Due $20,000 Dec.;;!, from 1948.to Bidder's to" improvement Jan. 1, 1948. Due on Jan. carries as part a of its George A. — interest. will furnished be The bonds. Dated Denomination $1,000. 1950 1, to to 1978 incl. Rate of interest to be in multiples of V4 of 1%. Principal and interest (J-J) payable at the City Clerk's office. No proposals for less the bonds for less than than all par of or will be consid¬ the at such other place Bond Township not to exceed 3%% sewer extension, series 6 coupon bonds. Dated Nov. 1,1947. Denomination $1,000. Due on Nov. 1, as follows: $5,000 from 1952 to 1955; $10,000 from 1956 to 1965; $5,000 from 1966 to 1968, and $40,in 1977. Principal and in¬ 000 (M-N) Trust payable Co., in ical certified check for 5% of the total par value of the bonds, pay¬ to the City Treasurer, is re¬ able 1967 on incl.. name the rate'of inter¬ Township Sch. Dist. Kalamazoo), No. 2 (P. O. Mich. bonds Jackson & The on $20,000 school Nov. elusive. 14 were Paine, Curtis,: of by Webber, Chicago. Due $4,000 Nov. 16, 1947. 1, from 1948 to 1952 in-, May (M-N) — offered purchased on order Principal and interest payable at the American National Bank, Kalamazoo. The opinion of Miller, Canfield, Pad¬ dock & Btone, of Detroit, will be furnished the purchaser. 1, Township Sch. Dist. No. 1 (P. O. Muskegon), Mich. ; Bond Offering-—A. M. Sampson, District Secretary, will receive sealed bids until 7 p.m. (EST) on Dec. 15 for ,the purchase of $170,000 not. to exceed 2V2 % interest school coupon bonds. Dated Oct. 1977, inverse on Bonds are re¬ numer¬ interest any on or after Nov. 1, 1968, at par and accrued interest plus a premium of 3% if redeemed before on or May 1, 1973, and at of 2% if in the Siate which of carries, as part regular service, notices of municipal bonds, and in of registered bonds, 30 days' its sale case of notice the that shall be given by mail to registered v holder: Provided, no bonds be redeemed able Water Refunding 1946, of this issue shall until after all call¬ and bonds, Sewer dated Revenue both of St. interest cost Jan. 1, 1948. 011 Jan. 1, from 1949 inclusive. Cotton wood, Minn. Offering—L. T. Reishus, Village Clerk, will receive sealed bids until 8 p.m. purchase of building on Dec. 9 for the coupon $40,000 memorial bonds. Dated Jan. 1, 1948. Denomination $1,000. Due $4,000 on Jan. 1, from 1949 to 1953 incl. Bidders to name the rate of interest in 1 multiples of V4 or 1/19 of 1%. These are the bondsJ authorized at the election 12. Aug. on All bids must be uncondition¬ al. Principal and interest payable at the Empire State Bank, Cot¬ tonwood. The approving opinion of Dorsey, Colman, Barker, Scott & Berber of Minneapolis will be furnished the purchaser. The bonds will be delivered on or be¬ fore 30 days from the date of sale at the Village Treasurer's office 24 (P. O. Robbinsdale), Minn. Bond Offering—rEdwin J. Cooper, Superintendent of Schools, will receive sealed bids until noon on Dec. 4 for the purchase of $350,009 building bonds. These are the bonds authorized at the election held Nov. 13. on Redwood County Independent School District No. 1 (P. O. Redwood Falls), Minn. Bond Offering—B. H. Clark, District Secretary, will receive sealed bids until 8 p.m. on Dec. 8 for trie purchase of $9,000 refund¬ ing bonds. Dated Dec. 15, 1947. Denomination $1,000. Due on Jan. 1, 1949. Bidders shall name the rate of interest in multiples of V4 of 1%. Principal and interest will be payable at any suitable bank establishment located at Red¬ by or the at St; Paul, desig¬ purchaser. No for less than par and accrued terest to date of bid in¬ delivery will be certified check for $300 payable to R. J. Gairns, Dis¬ trict Treasurer, is required. considered. A St. bonds, have redemption. registerable The to dated been May called bonds will 1, for be Denomination $1,000. Due on Dec. 75, from 1950 to 1959 incl. The Village will furnish the printed certificates and the approving opinion of Dorsey, Colman, Bark¬ er, Scott & Barber of Minneapolis. MISSISSIPPI ' by White, Hattier & San^ Due on Dec. 1, as follows: $2,500 from 1948 to1952; $6,500 from 1953 to 1957, and $8,000 from ,1958; tonJ967, all in¬ clusive. Jackson County (P. O, Joneshoro)r Miss. Bonds Approved as to Legality —An issue .of $500,000 1%, 2 and 2V4% court house bonds has been apnroved & as to legality by Charles Trauernicht of St. Louis. Marion Bond the bonds. The cost of printing the bonds will be paid by the Town¬ v pur¬ chased ford of New Orleans. be Canfield, Paddock & Stone, of Detroit, approving the legality of f ; Hazelhurst Municipal Separate School District, Miss. Bond Sale—The $125,000 school bonds offered on No. 20 were principal only. as Minn. Justad, Village Clerk, will receive8* conditioned noon the unqualified opinion of Miller, shall Park, Offering—Joseph sealed bids until 8 p.m. on Dec. 15 for the purchase of $123,000 not to exceed 3% interest certificates of indebtedness. Dated Dec. 15, 1947. 1. , shall Louis Certificate ... May all callable Water and Revenue Extension and Refunding Bids Moody, Co., Bond and Sewer & 011: were — a net a redeemed thereafter, on 30 days' notice bv publication in a paper circulated 1947, Norton at the De¬ Detroit. payment date premium Kalamazoo int. water and Juran & $20,000. offered 2151 p. serially 1956 nated Law- ' revenue deemable A by wood Falls, Township Clerk, will receive sealed bids until 8 p.m. (EST) on Dee. 2 for the purchase of $175,000 Nov. the cost of O. Offering—William maturing City will pay printing of the bonds. (Pi son, terest The cer¬ Van Dyke), Mich. troit bonds. A The " -r- 1.705%.- " Dated to or Warren the of be may Village Treasurer, is required. upon the as tified check for $1,140 payable to the All bids will be conditioned opinion of un¬ opinion of Claude H. Stevens, of Berry, Stevens, Barbier & Evely, of Detroit, approv¬ ing the legality of the bonds. The 166, v. Kalman Due purchaser qualified ered. unqualified and a regular with — Paul, jointly, at value thereof and par 25 purchased terest payment dates on and after Nov. 1, 1959, in inverse numerical 6% interest various coupon Nov. Sale certificate revenue No. service, notices of the sale of municipal bonds, at the option of the Village on any one or more in¬ order, at the ■, Hennepin County Indep. Sch. DisK or lated in the agreed with the purchaser. as follows: $2,000 1959; $3,000 from 1960 to 1973, and $4,000 from 1974 from Dated notes. Due • not to exceed Certificate on publication circu¬ Qity of Detroit, which newspaper v ; . or at Minneapolis or St Paul. X certified check for $1,000 payable to the Village is required. of multiple of V4 a accrued Detroit, Mich. One Bond Sale on 22,000 school land, Acts of 1947 Maryland, one The cost of opinion and the printing of paid by the pur¬ quired. incl. Due $50,000 Ghbstertown: ; Bidder are{reque8tedtb state in-their bids 1.46%: $41,000 street construction notes. Due on Dec. 1; $5,000 in 1948, and $4,000 in 1949 to 1957, on Nov. 1, from 1948 to 1967 incl. Registered ) as.' to '^rineipa^ than such the notes shall be 1962. The bonds maturing in the years 1960 to 1962, both inclusive, of Lexington, Mass. 3 a legality of the notes. the to of 1 %. Miller, Canfield, Paddock & Stone, of Detroit, approving the legality MARYLAND Bond opinion of attorney approving 1949 interest to be in sealed bids until 8 p.m. (EST) on Dec. 12 for the purchase of $82,000 will taxation. , the un¬ the pur¬ Granger, City Clerk, will receive First highest for l%s, at a price of 100.42. v Bids Kelly, receive — Bidder to name a single rate of interest, expressed in a multiple of V4 of 1%. Principal and semi¬ Gray, Best, Coolidge & Rugg, of Boston, as to the legality Kent the notes will be considered. will be conditioned Grayling, Mich. from 1948 to 1970 inclusive, and $5,000 from 1971 to 1977 inclusive. incl. bonds. Offering Treasurer, Due of Ropes, V the from or 15, Commerce, of Port¬ $8,000 on Dec. 1, from 1967 the of Due on Dec. 1, 1948. proposals for less than all of 000 ing pon The purchaser will be furnished with the opinion was option purchaser. No sealed bids until 2:30 p.m. on Dec. 4 for the purchase of $173,000 cou¬ per¬ tional Bank of the the bonds will be delivered at Detroit Note by Salomon Bros. & Hutzler, of New York, as 17/8S, at a price of 101.11, a basis of 1.76%. Dated Dec. 1, 1947. Principal and interest (J-D) payable at the Na¬ of at Nov. 26—v. 166, p. 2040—was that of the General Retirement System of the City and Town purchased to be Lenox, Mass. Portland, Me. $160,000 improvement of Bond 1948 to transit MAINE land. Denominations and form of 1, 1947. De¬ nomination $1,000. Due on Nov. 1, as follows: $1,000 in 1948, and $4,- next highest bidder was Estabrook & Co., R. L. Day & Co., Cof¬ fin & Burr, jointly for l%s, at Dis¬ bonds. 100,000 Cotile School District No. bonds 1, 101.18. Rigolette trict No. ,,/ an¬ Dec. Township Treas¬ Blooming Prairie, Minn. Lumberman's Dec. 1, from 1948 to 1966 incl. The $104,500 > Dated 1947. chaser's $380,000 school Bond • 5% interest tax notes. notes qualified Hingham, Mass. Note (P. O. Alexandria), La. Offering —H. M. Wells, ^ ticipation upon Corp., of Bos¬ ton, Laidlaw & Co., of New York, and Weeden & Co., of Boston, jointly, as l3As, at. a price of Secretary-Treasurer Parish School 101.435, a basis of 1.572%. Dated Board, will receive sealed bids Dec. 1, 1947. Principal and inter¬ until noon on Jan. 6 for the pur¬ est (J-D) payable at the Day chase of $204,500 coupon bonds as Trust Co., Boston. Due serially on follows: Rapides Parish not to exceed purchased by the National the Alexandria, and Scharff & Jones, jointly, for $140,000 as 2y2s, $36,as 2%s, and $58,000 price of 100.004. maintenance Nov. 25—v. 166, p. 2151 Boston, at 0.585% discount. Due on April 1, 1948. The next highest bidder was subject to the approving opinion Chapman & Cutler of Chicago. The next highest bidder was Weil & Co., Rapides Bank & Trust Co., a on Rockland of 000 hospital offered the MINNESOTA cipal and interest (A-O) payable at to is required. urer, the * an payable multiple of lA of 1%. Prin¬ 2151 purchaser. Bank, Muskegon. No proposals for No —were purchased by a syndicate telephone bids will be re¬ less than all of the bonds will be composed of Phelps, Fenn & Co., ceived. considered. Bids shall be condi¬ Goldman, Sachs & Co., both of tioned upon the unqualified Seneca Vista (P. O. Water town, Mass. opin¬ New York, Stranahan, Harris & ion of the purchaser's Louisville), Ky. attorney. Bond Offering—'James H. Sher¬ The cost of such of Toledo, Hornblower & Bonds Voted—At the general Co., opinion to be idan, Town Treasurer, will re¬ election on Nov. 4 the voters ap¬ Weeks, and Robert Hawkins & paid by the purchaser. The pur¬ ceive sealed bids until 2 p.m. on Co., both of Boston, as 13/4S, at a chaser will pay for the cost of proved the issuance of $17,000 Dec. 3 for the purchase of $300,- printing the bonds. price of 100.521, a basis of 1.643%. sewer bonds. A certified veterans Dated Dec. 1, 1947. Due serially 000 housing coupon check for 2 % of the total par bonds. Dated. Dec. 1, 1947. on Dec. 1, from 1948 to 1957 incl. De¬ value of the LOUISIANA bonds, payable to the nomination $1,000. Due $15,000 on Principal and interest (J-D) pay¬ District Treasurer, is required. Beauregard Parish School Dists. Dec. 1, from 1948 to 1967 inclu¬ able at the City Treasurer's office. (P. O. De Ridder), La. sive. Bidders to name the rate Ontonagon Ccunty (P. O. The next highest bidder was Leh¬ Bond Sale—The $234,000 school of interest in man Ontonagon), Mich. multiples of Vt of Bros., at a price of 100.422, bonds offered on Nov. 18—v. 166, 1%. No bids for less than par arid Note Sale—An issue of for l3/4s. $31,000 p. 1624—were purchased by a syn-n accrued interest will be notes was sold on accepted. Nov. 25 to dicate composed of the City Sav¬ Chelsea, Mass. Principal and interest payable at McDonald-Moore, & Co., of De¬ Bond $aie—The $80,000 munic¬ the ings Bank & Trust Co., and the Merenants National Bank of troit. Dated Nov. 1, 1947. Due First National Bank, both of De ipal relief loan, Act of 1947 bonds Boston. No telephone bids will be on May 1, from 1948 to 1952 incl. Ridder, jointly, at par, a net in¬ offered on Nov. 24—v. 166, p. 2151 accepted. Approved as to legality Principal and interest payable at terest cost of 2.668%, as follows: —were purchased by Whiting, by Storey, Thorndike, Palmer & the County Treasurer's office. $28,000 as 2s, maturing on Dec. 1. Weeks & Stubbs of Boston, as l%s, Dodge, of Boston. St. Claire Shores, Mich. | $14,000 in 1949 and 1950; $78,000 at a price of 100.349, a basis of as 2V2S, MICHIGAN maturing $15,000 in 1951 1.102%. Dated Nov. 1, 1947. Inter¬ Bond Offering—Walter F. Pratt, and 1952; $16,000 from 1953 to est payable M-N. Due serially on Village Clerk, will receive sealed Dearborn, Mich. 1955, and $128,000 as 2%s, matur¬ Nov. 1, from 1948 to 1951 incl. bids until 7:30 p.m. (EST) on Dec. Note Offering —; Myron A. 2 for the ing $17,000 in 1956 and 1957; $18,purchase of $57,000 not Essex County (P. O. Salem), Stevens, City Clerk, will receive to exceed 000 in 1958 and 1959; $19,000 in 5% interest special as¬ Mass. sealed bids until 8 p.m. I960 and 1961, and $20,000 in 1962. (EST) on sessment sewer of 1947 Note Sale—The $50,000 tubercu¬ Dec. 2 coupon for the purchase of The same syndicate also pur¬ 41,800 bonds. Dated Dec. chased ship. A certified check for 2% of the total par value of the bonds, 000 in a 53 County (P. O. Columbia)> Miss. Offering—T. Clerk' Board of H. Barnes, Supervisors, will receive sealed bids until Dec; 1 for the purchase of noon on $250,009 community hospital bonds. Dated 54 Feb. 15, 1948. Denom. $1,000. Due 15, as follows; $20,000 1958, and $25,000 in Feb. on from 1949 to 1959 and Bidders requested bids the price 1960. in state to THE (2258) they will their Thedford School District, Neb. Bond At — special a 11 the construction bonds. Election At — special a the approving opinion of Charles voters will consider the issuance of $184,000 county high school & Trauernicht, of St. Louis, The bonds. bonds will be delivered the pur* Where will be at the of the cost purchaser. A certified check for $5,000 payable to the County, 1s required. Raymond, Miss. . Bond Sale-—The $20,000 Town bonds offered on Sept. 2—v. 166, p. 900—were purchased at public auction by the Merchants & Plant¬ ers Bank of Raymond, as 2s, at a price of 100.25. Dated Sept. 1, 1947. Due serially from 1948 to 1960 incl. Approved as to legality by Charles & Trauernicht of St. purchased by Co., Inc., as price of 100.007, a basis of 1.748%. Dated Dec. 1, 1947. Principal and interest (J-D) pay¬ 166, p. 2152—were Harriman Ripley & a Boston. of Bank Sale—The Delta National Bond Bank and the Bank of Yazoo City, both of Yazoo Nov. 24 were City, jointly, on awarded $185,000 building bonds 2s, at as The bonds price of a part of an authorized issue of $350,000 and are dated Jan. 1, 1948. Second 100.10. are high bid of 100.01 for a combina¬ tion of 2V4S and 2y2s was made by Scharff & Jones, and Max T. Allen & Co., jointly. MISSOURI price of 100.25. a Bonds Not Voted—At the elec¬ tion held Oct. 28 the voters did on the issuance of $75,000 public library building bonds. not approve County (P. O. Hillsboro), Mo. Jefferson eral election did the gen¬ Not Voted—At Bonds not Nov. 4 the voters on of the issuance approve $500,000 court house bonds. Linn County (P. O. Linneus), Mo. Bonds Not Voted—At the elec¬ held tion did not Nov. on approve the 18 the voters issuance of $400,000 county hospital bonds. Sale—The ment of 13 Nov. 1947 $25,000 equip¬ bonds offered on 1937 — were purchased by the Audubon Na¬ tional Bank, as 1.20s, at a price of 100.031, a basis of 1.189%. Dated Nov. 1, 1947. Interest payable M-N. Due serially on Nov. 1 from 166, v. — p. 1948 to 1952 incl. Avalon, N. J. Sealed Tenders Invited—Sealed tenders will received be by the Borough Clerk until 2 p.m. on Dec. 10, in amounts sufficient to ex¬ haust the sum of $10,244.75, which available for retirement of now refunding bonds, dated 1940, maturing on Dec. Aug. 1, 1, 1980. Each tender shall state the prin¬ cipal amount of bonds proposed to be sold and the price, expressed as a percentage (not exceeding 100%) of their par value at which said bonds tendered. are Bonds purchased shall be surrendered in deliverable form and with all ap¬ purtenant attached at the coupons First National Bank of Cape May Court House, N. J., on or before Dec. 22, at which time payment of price stated will be made to¬ gether with interest on the bonds accrued to date of delivery or Dec. 15, whichever is earlier. Holt, receive sealed bids until 7:30 p.m. on Dec. 8 for the purchase of $10,000 not interest special im¬ to exceed 6% provement district and bonds. sewer zation bonds choice and the second 1, the be bonds first Falls, Sold Mont. The were — bonds offered Nov. on 4 purchased by Kalman & Co., of Minneapolis. ceive bids sealed ing bonds offered Nov. on 19— 166, p. 1832—were purchased by Kalman & Co., of St. Paul, as 2%s, at par. Dated Jan. 1, 1948. Interest payable J-J. v. Missoula, Mont. Bond Offering—Mar jorie quetts, sealed City Clerk, bids until will 10 a.m. Mar- receive on Dec. 9 for the purchase of $188,000 not to exceed 6% interest Special Im¬ provement District No. 89 bonds. Dated Dec. 9, 1947. Amortization will be the Council and first choice of serial bonds will the be the second choice. sewer 50,000 emergency housing bonds. Due $5,000 on Dec. 15, from 1948 to 1957 incl., optional Dec. 15, 1952. 40,000 improvement bonds. Due on Dec. 15, as follows: $5,000 $7,000 from 1949 to 1953 incl. Dated Dec. 15, 1947. tion will be sold as combined issue as though they constituted one single issue, and said Said Denomina¬ $1,000. the bonds combined bonds maturities maturing follows: Dec. on $20,000 of 15 in 1948; $22,000 from 1949 to 1951; $27,000 in 1952 and 1953; $20,000 from 1954 to 1957, and $15,000 from are as 1958 to 1983 incl. in to be of 1% all of Rate of interest multiples of Va and must be the the bonds. 1/10 or same Principal for and interest (J-D) payable at the First Mechanics National Bank of Tren¬ ton. for No bids said will separate be considered issues of the bonds, and all proposals must be School District, Election—At p.m. 000 from 1952 to 1983 incl. all bined Bond 8 of 1947 bonds. Due on Dec. 15, as follows: $10,000 from 1948 to 1951, and $15,- $520,000 for NEBRASKA Lexington until re¬ follows: as Lewis and Clark County Sch. Dist. No. 1 (P. O. Helena), Mont. Sale—The $112,000 build¬ A. Sut¬ (EST) on Dec. 2 for the purchase of $610,000 not to exceed 6% in¬ terest coupon or registered bonds, in 1948, and Bond O. ter, Township Treasurer, will be will $1,300,000 sanitary and storm sewer system revenue Bond Offering—Harold choice of Jhe Council. Great Bonds Jan. $500. Amorti¬ will serial water 3 No. Dated •1948. Denomination Township (P. Trenton), N. J. will Clerk, Town Jr., Neb. election alarm of said issue. issues The as bonds a com¬ will be approved as to legality by Cald¬ well, Marshall, Trimble & Mit¬ inclusive. will Dec. $500. be sold Denomina¬ 1, 1947. Said as issues of bonds combined a issue though they constituted one single issue, and the combined as maturities of said issues of bonds maturing on Dec. 1, are as follows: $6,000 in 1948 to 1951, $5,000 in 1952, $2,000 in 1953 to 1955, $1,000 in 1956 and $500 in 1957. Bidders to state in their proposal the rate of interest (naming a single rate for all of the bonds as if they constituted a single issue) the bonds are to bear, in a multiple of 1/4 or one-tenth of 1%. posals bonds will at rate a No pro¬ considered be for higher than the lowest rate at which New sewer assessment, $19,000 sewer assessment, series A, $17,000 emergency housing and $12 000 street assessment) offered on Nov. 25—v. 166, p. 1937—were awarded to Boland, Saffin & Co., of New York, as 1.90s, at a price of 100.331, a basis of about 1.81%. The bonds dated are mature Nov. Nov. on 1 1, 1947 and from 1948 to not to 1947 New City, or at such as may be agreed with the purchaser. The approving; opinion of Vandewater, Sykes & Heckler, of New York City, will be furnished certified to the check certified for 2% of the the bonds offered, payable to the Borough Treasurer, is required. value of Newark, N. J. Bond Sale—The $3,827,000 offered bonds Eastchester (P. O. New Bond Sale consisted of: of 2.146%. $1,046,000 equipment bonds. Due serially from 1948 to 1952 in¬ 166, by the 967,000 and building, reconstruction equipment bonds. Due serially from 1948 to 1957 in¬ clusive. on Nov. public library bonds. Due serially from 1948 to 1967 in¬ clusive. 533,000 school bonds. Due seri¬ ally from 1948 to 1967 inclu¬ count sive. 13/4S to 1964 in made by an ac¬ was composed Point of Bond Offering—William I. Curran, Borough Clerk, will receive sealed bids until 8 p.m. on Dec. 9 'for the purchase of $79,000 not to exceed 6% interest water series D bonds. Dated Nov. 1947. 1, De¬ nomination $1,000. Due on Nov. 1, as follows: $2,000 in 1948 and 1949; $3,000 in 1950; $4,000 in 1951; $5,000 in 1952; $6,000 in 1953; $7,000 from from of 1954 to 1957 to 1960 inclusive. interest Vs to be in one-twentieth or must 1956, and $9,000 be (M-N) the same Rate multiples of for 1% all the County-National Bank Pleasant The purchaser with the will be Beach. furnished of Point Opin¬ Delafield & of Hawkins, Wood, of New York City, that the bonds are valid and general bind¬ ing legal obligations of the Borough. These bonds were of¬ fered on Aug. 5 and Sept. 16 but not sold. The $110,000 fund¬ ing bonds offered Nov. 25— v. 166, p. 2041 — were awarded to J. S. Rippel & Co., of Newark, and sive. 59,000 Newark trade school Rogers, Gordon & Co., of New building bonds. Due serially York, jointly, as 1.60s, at a price of 100.06, a basis of about 1.58%. from 1948 to 1952 inclusive. Dated Nov. 1, < 1947 and due on 33,000 storm sewer bonds. Due serially from 1948 to 1952 in¬ Nov. 1 from 1948 to 1958 inclusive. clusive. Second high bid of 100.08 for 1.70s was made by the National State r.rnss adelphia; W F. Hutton & Co.. John as 1.10s, at on Due seri¬ inclusive. Oct. 1, 13,000 series B bonds. ally Oct. on 1948 to' from Due seri¬ 1, from 1948 to 1952 inclusive. Dated Oct. 1, 1947. Interest pay¬ A-O. The next highest bid¬ able der at was Tilney & Co., for price of 100.113. a 1.40s, Gates and Chili Union Free Sch. Dist. No. 1 • (P. O. Rochester), N. Y. , : Bond Offering —- Charles R., Mason, "President, Board* Of Edu¬ cation, will receive sealed bids until 1 p.m. (EST) on Dec; 5 for purchase of $15,000 not to ex¬ the ceed interest 2V2% registered school $1,000. Dec. 1, from Rate of interest multiple of Va a and must the bonds. (J-D) be the or 1, Due 1948 on incl. 1962 1947 Oct. Dated Denomination $1,000 in bonds. to be to 1710 of 1%, all of for same Principal and interest payable District the at The bonds will Treasurer's office. be delivered the purchaser on or about Dec. 19. A certified check for $300 payable to the District, is required. Kinderhook District School No. 2 (P. O. Niverville), N. Y. Bond Sale Postponed—The the of $30,000 interest for Dec. sale not to exceed 5% building bonds scheduled 1 as reported in our Nov. 24 issue—v. 166, p. 2152—has been postponed." The District is con¬ templating selling the bonds at a later date. Minerva, Olmstedville Water Dist. (P. O. Minerva), N. Bond Town Offering—Anna Clerk, Y. Kellogg, receive sealed 4 for the will bids until 3 p.m. on Dec. Woodbury, N. J. — 26— follows: 1952 and of Principal and interest payable at the Ocean high¬ Nov. on Co., of Tuckahoe, ally of 190,000 bridge bonds. Due seri¬ ally from 1948 to 1967 inclu¬ Principal and interest (J-D) payable at the National State Bank, Newark. The next highest bidder was Glore, Forgan & Co., Philadelphia National Bank, Phil¬ $59,000 2152—were purchased First National Bank & p. par, as 1947. Pleasant, N. J. Bond Sale inclusive. 1948 Phelps, Fenn & Co., Inc., Hornblower & Weeks and Campbell, Phelps & Co.,. Inc. were 1967 from Second high bid of 100.- 126 for 235,000 port terminal and airport bonds. Due serially from 1948 to 1 elusive. ion 744.000 Tuckahoe), $46,000 series A bonds. Goldman, Sachs & Co.. & Co., and Coffin & Burr, all of New York, as 1.70s, at a price of 100.149, a basis oi bonds. clusive. Sale—The bonds offered Estabrook A payable York posed Nov. 25—v. 166, p. 2041 —were purchased by a syndicate composed of Smith, Barney & Co., B. J. Van Ingen & Co., both.-jE>f New York, Fidelity Union-Trust Co., of Newark, Union Securities Corp., Goldman, Sachs &U0.V5both* of New York, Trust Co. of Georgia, of Atlanta, Eldredge & Co., of New York, Illinois Co., of Chicago, and Merrill, Turben & Co., of Cleveland, taking $3,815,000 as 2.20s, at a price of 100.329, a basis on $660 Trust Marshall, Trimble & Mitchell, of of 1947, series A; $47,500 housing; New York City, whose approving $33,000 library of 1947; $29,00' opinion will be furnished the sewer-of 1947, and $9,500 equip¬ purchaser. The bonds will be de¬ ment "bonds. The bonds are dated livered on or about Dec. 22,. 1947. Nov. 1, 1947 and mature serially par purchaser. for Village, is required. offered Nov. 26—v. 166, p. 2041— were awarded to a group com¬ a legally ac¬ about: 1.673%. Sale consisted oJ proposal is received. $166,000 street improvement Principal and interest (J-D) pay¬ bonds, Series of 1947; $166,000 able at the Farmers & Merchants street improvement bonds; $103,National Bank of Matawan. Ap¬ 000 street and fire apparatus; $53,proved as to legality by. Caldwell, 000 sewer of 1946; $47,500 sewer A the check v. of Dec. 18" on York other place way $654,000 bonds Co., Baldwinsville. The bonds will be delivered at New York, 100.159 for 2s. Sale—The sewer (J-D) payable at the First Trust & Deposit Park, par for 1.95s; B. J. Van Ingen & Co., Inc., Bond interest registered bonds.' .the bonds. Principal and interest al Bank of Palisades J. 5% in multiples of % or 1/10 of 1%. and must be the same for all of 1958 inclusive. Other bids: Nation¬ Paterson, N. exceed coupon .or Dated Dec. 1, 1947. Denomination $1,000. Due on Dec. 1, as follows: $2,000 from 1948 to 1962, and $3,000 in 1963. Kate of interest to- be ceptable 000 construction bonds. Bond ($22 000 to be held on Dec. 9 the voters chell, of New York will consider the issuance of $250,-' approving opinion City, and their will be fur¬ nished the purchaser. A certified 1948 to 1955 incl. matuidtig^oftr^953/t(r195$ Palisades Park, N. J. Sale —The $70,000 bonds bonds. from 1948 National State Bank, Newark; Hallgarten & Co., Hornblower & Weeks, Roosevelt & an Nov. 1 from on Bonds are system and Tilney & Co., both of York, jointly, as 1.70s, at a price of 100.07,- a basis of 1.69%'. Campbell & Co., F. R. Cole & Co., Dated Nov. 1, 1947. Principal and J. R. Ross & Co. and Ryan & Moss, interest (M-N) payable "at the jointly, for $3,822,000 as 2.20s, Babylon National Bank & Trust at a price of 100.149. Co., Babylon. Due serially on,Nov, 1, from 1948 to 1962 incl. The next North Arlington, N.J. Bond Sale—The $40,000 emer¬ highest bidder was Vostal, Hall & Co., for 13/4S, at a price of 100.17. gency housing bonds offered Nov. 25—v. 166, p. 2041—were awarded Baldwinsville, N. Y. " / to MacBride, Miller & Co., of Bond Offering—John R. Miller, Newark, as 2.30s, at a price of Village Treasurer, will receive 100.18, a basis of about 2.25%. sealed bids until 3 p.m. (EST) on, Dated Nov. 1, 1947 and due $5,000 Dec. 2 for the purchase of $33,000 , , the Hamilton A. . 2,500 land acquisition bonds. Due $500 on Dec. 1, from 1948 to tion MONTANA Offering—Steve fire Due $500 on Dec. 1, to 1956 inclusive. 1952 Broadus, Mont. Bond 4,500 Dated Audubon, N. J. v Co., , 1951, and $1,000 1955 inclusive; Nuveeri & Co., Tripp & Co., Don¬ ald MacKinnon & Co., Lyons & Shafto, Mackey, Dunn & Co., clusive. NEW JERSEY is Jackson, Mo. serially on 1948 to Monday, December 1, 1947 callable, at' par and accrued 7,500 toad bonds. Due $1,500 on interest, on Nov. J,1952 or on any Dec. 1, from 1948 to 1952 in¬ subsequent interest date. Second clusive. high bid of 100.26 for 21/>s was 5,000 water bonds. Due $5,000 on made by Boland, Saffin & Co., Dee. 1, from 1948 to 1957 in¬ New York. from 1, Bond City School District, Miss. Due 1948 to 1958 incl. The next highest bidder was First National Bank, Boston, for 2s, at Dec. on 1952. 1948 to Shawmut National the at able p.m. interest coupon 8,000 street improvement bonds. Due $1,000 on Dec. 1, from Sale—The $55,000 equip¬ l%s, at 8 $9,000 fire apparatus bonds. Due on Dec. 1, as follows: $2,000 in v. until purchase of $36*500 registered bonds,vas follows: or from ment bonds offered on Nov. 24-— bids sealed not to exceed 6% Berlin, N. H. Bond Offering Dec. 9 for the NEW HAMPSHIRE Louis. Yazoo Matawan, N.J. ceive election to be held on Dec. 11 the chaser on or before March 1,1948 fn Columbia, Miss., Jackson, Miss., New Orleans, La., or Memphis, Tenn., without cost. Delivery else* of the par value of offered, payable to the Township Treasurer, is required. — Kuert C. Wycoff, Borough Treasurer, will re¬ Thedford), Neb. Bond CHRONICLE check for 2% Bond O. Thomas County (P. FINANCIAL & the bonds issuance consider the will of $40,000 the interest rate which the bonds are to bear. The County will pay for the printing of the bonds, and will furnish the purchaser with Election election to be held on Dec. voters for the bonds and pay COMMERCIAL Bank of Newark. purchase of $40,000 not to exceed interest water system coupon 4% or registered bonds. Dated Nov, 1, 1947. Denomination $500. Due on NEW YORK Y. - and $1,000 from 1948 to 1957, and $1,500 from 1958 to 1977; both incl. Rate of interest* to be in of Va or 1/10 of 1% the same for all , multiples and must be of' the' bonds. Principal and interest (M-N) pay¬ able at the North Creek Bank, North Creek; will be delivered Babylon, N. $1,000, 1, as follows: Nov. on or National The bonds about Dec. 22* 1947 at the office of the pur¬ chaser, or at the office of Hawkins,* Delafield & Wood*-* 67 . Bond Sale—The $85,000'public dock (1947) bonds offered on Nov. 25 —v. 16(6, p. 2152 rr- Were .pur¬ chased by Francis I. du Pont" & Wall Street, New York City, The •purchaser will be furnished with . the approving opinionof Hawkins, Delafield & Wood, of New York Volume 166 Number 4651 iV, THE COMMERCIAL $ City. A certified check for 2% of proving opinion of Hawkins, Dela¬ field & Wood, of New York City, ; the bonds bid for, payable to the ,i Town, is required. will lieu) York City Housing Authority, ;V, New r Note York Sale—The New 17, Bros. 1948, & & Hutzler " New York, as follows:- $2,000,000 at 0.95%; $3,000,000 at 0.95%; $2,000 000 at 0.96% $37,000,000 at 0.97%. ; - j 450.000 due Dec. 17, 1948, to the .:v New York Trust Co., New ^ York, at 0.93%. Jfy& 1,000,000 due Dec. 17, 1948, to V*. v' Bessemer Trust Co Jersey City, at 0.95%. - ■- . , are dated Dec. South Nyack, N. Y. Sale—The $34,000 coupon or registered of 1947 bonds offered 21 street improvement 166, v. — for sale on 2041 —were p. awarded to the State Bank of Al¬ bany, IV2S, at as basis •a ■Dec. of price of 100.007, about 1947. 1, a 1.495%. Dated from Due Dec. 1, will receive bids until a.m. (EST) 11 6% interest school building series A bonds. Dated Dec. 1, 1947. Denom. $1,000. Due on June 1, as follows: $6,000 from 1950 to 1954; $7,000 from 1955 to 1959; $10,000 in 1960; $12,000 from 1961 to 1965, and $15,000 from 1966 to coupon incl. 1977 of These bonds are part $1,000,000 author¬ the election held on March issue an ized at Principal and interest (J-D) payable in New York City. Registerable as to principal only. The bonds will about Dec. rate of 1.60% bonds, by Geo. B. Gibbons & followed by Tilney & offer of 100.160 for Inc., Co., with 1.70s. an (P. O. Warrensburg), N.Y. P^V„, Bond Sale—The $20,000 store¬ house 1947 bonds offered 20 on Nov, 2041—were pur¬ chased by the Emerson National .'Bank, of Warrensburg, as 1.40s, at a price of 100.105, a basis bf 166, —v. p. J 1.379%. Dated Sept. 15, 1947. Due serially on' Sept. 15 from 1948 to 1957 incl. Principal and interest (M-S) payable at the Emerson .National Bank, of Warrensburg. The next highest bidder was the State Bank of Albany, for 1.60s, at a price of 100.047. • • W.atertown, N. Y. Bond f*'/Hayes, k • ceive Offering George — Treasurer,- will City bids sealed until 2 E. re- p.m. 3 for the purchase to exceed 5% in/ terest public improvement of 1947 coupon or registered bonds. Dated O Dec, 1, 1947. Denomination $1,000. Due on Dec. 1, as follows: $15,000 -" ' in 1948 and 1949, and $20,000 from ' - (EST) on Dec. of $190,000 not to ance, but than must of - about Dec. 15, at New York City, such or other place as - , ' ' • = Offering — 1952. ;? multiples of y4 and be the ' - the ' • / : Rate must of or to 1/10 same be of for all of bonds.. Principal and interest payable at the Nassau County Trust Co. Mineola. The bonds will b£ .delivered The purr on or about Dec. 17, 1947 at the purchaser's off ice or at the • opinion of office of Hawkins,' Delafield & Wood, of New York City. The ap¬ The with of New Mitchell York City. & A Treasurer, is required. purchased by a pal and interest (A-O) payable at the Farmers Bank Co., of Bellville. Bond attorney's opinion at option and expense of purchaser. A certified amount check of for 1% of the bonds, payable to the School District, is required. Cortland, Bonds Voted $30,000 as 21/2s, maturing $6,000 on Mar. 1, from 1950 to 1954; $36,000 as 2s, maturing $6,000 from 1955 to 1960; $94,000 as 2V2s, maturing $6,000 from 1961 to 1964; $10,000 in 1965; $15,000 from 1968 to 1969, and $240,000 as 234s, maturing $15,000 from 1970 to 1985, all inclu¬ sive. election Nov. on from 1950 to 1954; $55,000 as 2s, maturing $8,000 from 1955 to 1959; $15,000 in 1960; $135,000 as 2y2s, maturing $15,000 from 1961 to 1969, and $135,000 as 2%s maturing $15,000 from 1970 to 1978, all inclu¬ Township Local Sch. Dist. (P. O. Defiance), Ohio Bonds Voted election 000 in 1962; $7,000 from 1963 1969, and $84,000 as 23/4s, maturing $7,000 from 1970 to 1981, all inclusive. bids the Clerk, until Bond ing Sale—The bonds offered Dec. on $25,000 4 4% Dated Dec. 1, Inter¬ 1%. These on multiple of y4 of a the bonds author¬ are ized at the- election held Aug. on 29. No bids for less than par and accrued interest will be consid¬ ered. The purchaser will be fur¬ nished with the approving opin¬ . ion of Peck, Shaffer & Williams, of Cincinnati. No conditional bids will be received. A certified check for 1% of the bonds bid for, pay¬ able to the Village, is required. Findlay City School District, Ohio Bond Offering—Mildred Farner, Clerk, Board of Education, will receive sealed bids until noon on Dec. 15 for the purchase of $400,000. 2% construction, unlimited tax; coupon bonds. Dated Jan. 1, 1948. Denomination $1,000. Due 10,000 on April and Oct. 1, from 1949 to 1968 incl. Bidders may bid for a a Nov. 24— multiple of y4 of 1%. the bonds authorized These at the are gen¬ at Nov. 4/ Due the election held serially in 10 Voted—At election house construction the general Nov. 4 the voters ap¬ proved the issuance of $6,000 im¬ on provement bonds. Bond Ohio Sale The $20,586.46 improvement bonds offered sewer — Nov. 21—v. 166, p. 2042—were on purchased will be consid¬ The purchaser will be fur¬ ered. nished ion of with the approving opin¬ Squire, Sanders & Dempsey, of Cleveland. A certified check for $4,000 payable to the Clerk-Treas¬ urer, Board of Education, is re¬ quired. O. County (P. Columbus), Ohio by the Lebanon Citi¬ Sale—The $25,371 Sewer fered on Nov. 21—v. 166, p. 1938— were purchased by J. A. White & Co., of Cincinnati, as l3/4s, at a price of 100.79, a basis of 1.595%. Dated Dec. 1, 1947. Interest pay¬ able M-S. Due serially from 1949 Bond School District Offering—Ben A. Wood¬ ruff, Clerk of Board of Education, will receive sealed bids until on Dec. 10 for 1949 to Nov. 1, 1947. Interest able M-N. Due the 1972 noon purchase incl. serially pay¬ Nov. 1, on from 1949 to 1958 inclusive. Maple Heights (P. Bedford), Ohio George of Bidders may bid ior a different rate of in¬ terest in a multiple of y4 of 1%. bonds authorized at the gen¬ eral election on Nov. 4. No bids for approving opinion of Peck, Shaffer & Wil¬ liams, will be furnished the pur¬ chaser. No conditional bids will be received. A certified check for 1% of the bonds bid for, payable to the Board of Education, is re¬ quired. Clerk Board receive Dec. sealed 11 for 3% Peterson, Education, will of bids until noon the purchase improvement on of $35,- unlimited tax bonds. Dated Dec. 1, 1947. De¬ nomination $1,000. Due on Dec. 1, follows: $2,000 in 1949 and 1950; $3,000 in 1951; $2,000 in 1952 and 1953; $3,000 in 1954; $2,000 in 1955 and 1956; $3,000 in 1957; $2,000 in 1958 and 1959; $3,000 in 1960; $2,000 in 1961 and 1962, and* $3,000 in 1963. Bidders may bid for a as different rate multiple of % of interest of in 1%. These a are — price Call not such bonds exceeding — at a value. par Tenders should contain descrip¬ a tion of the bonds by issue number number, and bonds so tendered must be ready for deliv¬ ery not later than 10 days' there¬ and bond A certified bonds Call—George Schlesinger^ Secretary Sinking Fund Commis¬ sion, calls for payment on Dec. 30 indebtedness (delinquent tax) liqui¬ bonds Nos. 57 to 70. Dated Dec. 30, 1942. Due on Dec. 30, 1952. Said bonds with unmatured interest coupons shall be presented to the Cleve¬ land Trust Co., Bedford, Ohio, for payment at par and accrued in¬ terest through Dec. 29, 1947 after which date interest Milford ceases. Offering — Dec. on 1947. Samuel T. construction, Sale offered 1, Denominations $1,000 and Due $4,000 on May 1, and Nov. 1, from 1949 to 1972, and $4,May 1, and $3,500 Nov. 1, 1973 for a different Bidders may bid rate of interest in of 1%. These thorized on Nov. and at 4. the multiple of y4 a are the bonds general au¬ election No bids for less than interest will accrued be opinion of Peck, Shaffer & Wil¬ liams, of Cincinnati. No condi¬ tional bids will be received. A certified check bonds for, payable to the Education, is required. for 1% of the bid Board, of Owens Local School District, Ohio Bond Offering sealed — W. J. Snider, Education, will re¬ bids until noon for — The unlimited gen¬ bids on Dec. 15 for the purchase of $120,000 2% unlimited tax bonds. Dated Nov. 1, 1947. Denominations 1% of the $10,000 fire tax bonds Nov. 7—v. 166, p. on 1834 purchased by the Phillips¬ burg State Bank, as l3/4s. Dated Oct. 1, 1947. Interest payable —were J-D. Due serially on Dec. 1949 to 1958 inclusive. 1, from Springfield Local School District (P. O. Mansfield), Ohio Offering—Vance Clerk Board of ceive sealed Dec. 000 15 for not Clever, Education, will re¬ bids until the purchase to exceed 2J/2% noon on of $80,interest construction, unlimited tax bonds. Dated Jan. 1, 1948. Denomination $1,000. Due $4,000 on Oct. 1, from 1949 to 1968 incl. to be These in Rate of interest multiples of are y4 of 1%. the bonds authorized at the general election on Nov. 4. No bids for less than par and accrued interest will be considered. Prin¬ the fied (M-N) Citizens National payable Bank & Co., of Mansfield. A certi¬ check for 1% of the bonds bid for, payable to the School Dis¬ trict, is required. Troy, Ohio un¬ Dated Dec. $500. 000 No for, payable to the Education, is required. equipment at 13 for the purchase limited tax bonds. 4. Phillipsburg, Ohio Bond Trust Bateman, Clerk Board of Educa¬ tion, will receive sealed bids until $199,500 2% check cipal and interest Exempted Village District, Ohio School Bond at the bid Board of Bond Bond dation Nov. chaser will be furnished with the after. $14,000 2%% on conditional bids will be received. Bond Fund purchase of authorized election fer & Schlesinger, Secretary Commission, will receive sealed tenders at the City Hall, on or before noon Dec. 20, of refunding bonds dated Jan. 1, 1937. Approximately $25,000 is available in the sinking fund for the eral approving opinion of Peck, Shaf¬ Williams, of Cincinnati. No O. F. Sinking ceive Local are the for less than par and accrued in¬ terest will be accepted. The pur¬ Clerk Board of to 1958 inclusive. different rate of interest in a multiple of y4 of 1%. These a Dated considered. The purchaser will be furnished with the approving District Perry No. 1, improvement No. 197 water main bonds of¬ 1, National Bank, as iy2s, at a price of 100.05, a basis of 1.491%. par Franklin and Nov. the bonds of interest for 000 bonds. — election May (P. Q. Rainsboro), Ohio Nov. 4 the voters ap¬ on $2,500 Bond Offering—Frank Kingsville Fire District, Ohio Bonds Voted At the general noon on Nov. 4. Principal (A-O) payable at the Ohio Bank & Savings Co., Findlay. No bids for less than par and 1968; Paint No. 2 Local School District proved the issuance of $4,500 fire and interest from on years. inclusive. Bonds eral election v. 166, p. 2042—were purchased by $480,000 3% building bonds. Dated the'Bank of North Dakota, of Bis¬ Jan* 1, 1948. Denomination $1,000; marck. These are the bonds au¬ Due $10,000 on June and Dec. 1, thorized on 1, from 1969 to 1972, and $2,000 May and Nov. 1, 1973. Bidders may bid Jennings Township (P. O. Fort Jennings), Ohio different rate of interest in (P. O. Black Lick), Ohio $20,000 build¬ 1952 payable J-D. Due Dec. 1, from 1949 to Tenders Invited Brenne- Denomination $1,000. of. interest in NORTH DAKOTA District, N. Dak. serially $100,000 will receive of water works bonds. 1947. general of noon purchase Jefferson Berthold School 18 Interest bonds. Village sealed the the voters ap¬ Elida, Okio Offering—A. S. Bond for 4 issuance construction man, At — Nov. on the proved Bond to Nov. on zens Defiance sive. sanitary sewer bonds. $15,000 as 2V2S, maturing $3,000 from 1950 to 1954; $18,000 as 2s, maturing $3,000 from 1955 to 1960; $58,000 as 2V2s, maturing $3,000 in 1961; $6,- 1947. general 4 the voters ap¬ ap¬ 166, p. 2042—were purchased by the Miiledgeville Bank, of Jef¬ fersonville, as iy4s. Dated Dec. 1, Lebanon, the proved the issuance of $14,000 fire apparatus purchase bonds. accrued 355,000 electric light bonds. $30,000 as 2y2s, maturing $6,000 paratus bonds offered fire —v. Ohio At — est syndicate Bond Sale—The $10,000 are for less than par and accrued in¬ terest will be considered. Princi¬ the'ap¬ $400,000 water bonds. in 1%, (J-D). chaser furnished by the purchaser Securities Corp., of Charlotte, Breed & Harrison, of Cincinnati, McDaniel Lewis & Co,, of Greensboro, Southern Invest¬ ment Co., of Charlotte, Jackson & Smith, of Gastonia, and Peoples National Bank, of Charlottesville, at a price of 100.005, a net interest cost of 2.63822%, as follows: ' Robert Kent, interest furnished secretary. be Bids must Interstate . % rate. Banking & Trust Co., of Wilson, Scott, Horner & Mason, of Lynchburgh, Provident Savings Bank & Trust Co., of Cincinnati, J. Lee Peeler & Co., of Durham, Vance Securities Corp., of Greensboro, purchase of $14,000 not to exceed 4% interest land acquisition, 1947 coupon 01 registered bonds. Dated .Dec. 1, 1947. Denomination $1,000. Due on Dec. 1, as follows: $3,000 '.from 1948 to 1951, and $2,000 in . 55 less than par and accrued interest will be considered. The Township (P. O. Jeffersonville), Ohio the bonds authorized at the gen¬ eral election on Nov. 4. No bids more composed by R. S. Dickson & Co., of Charlotte, Wachovia Bank & Trust Co., of Asheville, Branch bids until 4 p.m. on Dec. 3 for the - each forms on —were Village Clerk, will receive sealed / bid may name 175,000 Willipton Park, N. Y. Bond one of payable J-D. Due $1,000 on Bond Sale—The $930,000 bonds Dec. 1, from 1949 to 1973 incl. Bid¬ offered on Nov. 25—v. 166, p. 2153 der may bid for a different rate be may name Gastonia, N. C. agreed with the purchaser. The purchaser will be furnished with the approving opinion of Vandewater, Sykes & Heckler, of New York City. A certified check for $3,800 payable to the City, is required. 1 • of Pershing, the at may *4 certified check for $6,300 payable 1/10 of town. The bonds will be delivered ; •' payable (J-D) interest multiples of rates, and each bidder specify in his bid the amount proving Watertown National Bank, Water- • no bonds be ' terest the name bid purchase multiples of y4 of 1%. These four 1%, and must be the same for all of the bonds. Principal and in' or for part of the bonds, and another rate or rates for the bal¬ V1950 to 1957 incl. Rate of interest to be in multiples of *4 or on the noon $44,000 not to exceed 2*/2% inter¬ est construction, unlimited tax coupon bonds. Dated Jan. 1, 1948. Denomination $1,000. Due $2,000 on Oct. 1, from 1949 to 1970 inclu¬ sive. Rate of interest to be in 19, 1947 at place of choice. Bidders are Each to the State Warrensburg delivered for 17 Nov. 4. on Jefferson Offering—George B. Lin¬ Clerk Board of Education, Dec. on authorized required. rate will i,. be rates, in or 1%. above -'Co., : of 25. of "submitted Dec. on purchase of $315,000 not to exceed The second best bid was an sealed office in Raleigh, for the at his 2 .1948 to 1957, incl. Interest payable for Easter- bonds No bids for less than par and ac¬ crued interest will be considered. District, Ohio ton, E. the are general election certified check for $6,000 pay¬ able to the Board of Education, is will receive sealed bids until Commission, /J-D. f (2259) A Offering—W. Bond 'offer 100.101 $25,000 garbage disposal bonds. County (P. O. Whiteviile), N. C. requested Nov. authorized the issuance of Belleville School purchaser's ..•.17, 1947. Bond at the Bond ling, Secretary Local Government ' All of the notes of the 2% These NORTH CAROLINA Hutzler York, at 0,92%. Salomon ! Bros. ; for for, payable Village, is required. tc . * check purchaser. Fargo, N. Dak. as 1,000,000 due June 17, 1948, tr Corn Exchange Bank & Trust Co., New York, at 0.90%. ? 200,000 due June 17, 1948, to the 1 New York Trust- Co., Nev, 'I* i»'-. York, at 0.875%. ': f 7,037,000 due Dec. 17, 1948, t; . CHRONICLE Bonds Authorized—At the gen¬ eral election on Nov. 4 the voters Columbus ;$2,002,000 due June *, FINANCIAL OHIO ' Salomon the amount of bonds bid to the 166, p. 2153—were awarded furnished certified A $11,889,000 (Is¬ follows: '' be XXIX) notes offered Nov. 26 sue ;—v. . & r—. Bond Sale—An issue of 000 Nov. revenue 14 to bonds was $2,000,sold on syndicate headed by Braun, Bosworth & Co., Inc., Stranahan, Harris & Co., Inc., of Toledo, and including Van Lahr, Doll & Isphording, of Cincinnati, Ohio a Co. of Columbus, Field, Richards & Co., McDonald & Co., Otis & Co., Hayden, Miller & Co., Fahey, Clark & Co., all of Cleve¬ land, Ryan, Sutherland & Co., of Toledo, Weil, Roth & Irving Co., J. A. White & Co., both of Cincin¬ nati, Sweney, Cartwright & Co., of Columbus, Walter, Woody & Heimerdinger, Seasongood & Mayer, Pohl & Co., Charles A. Hinsch & Co., Westheimer & Co., and Fox, Reusch & Co., all of Cin¬ cinnati, as follows: $1,289,000 2%% electric plant first mortgage bonds. Due $39,000 Jan. and July 1, 1950, $40,000 Jan. and July 1, 1951, $41,000 Jan. and July 1, 1952, $42,000 Jan. and July 1, 1953, $43,000 Jan. and July 1, 1954, $44,000 Jan. and July 1, 1955, $45,000 Jan, and July 1, 1956, $1,000 and $500. Due $2,500 May and Nov. 1, from 1949 to 1952; $2,000 May and Nov. 1, 1953; $2,500 May and Nov. 1, from 1954 to $46,000 ,Jan. and $47,000 July 1, 1957; $2,000 May and Nov. 1, 1958; 1957, $47,000 Jan. and $48,000 July $2,500 May and Nov. 1, from 1959 1, 1958, $48,000 Jan. and $49,000 to 1962; $2,000 May and Nov. 1, July 1, 1959, $50,000 Jan..' and 1963; $2,500 May and Nov. 1, from July 1, 1960, $51,000 Jan. and $52,1964 to 1967; $2,000 May and Nov. 000 July 1, 1961, $52,000 Jan. and 56 THE (2260) FINANCIAL & COMMERCIAL CHRONICLE Monday*.Decembeir 1, 194^ 1 Waterville, Ohio $53,000 July 1, 1962, and $54,000 Jan. and July 1, 1963. Bonds ma¬ turing in 1962 and 1963, are sub¬ Bond Sale—The $9,047.65 water in inverse numerical order, on July 1, 1953, or .on any interest payment date thereafter, at par and accrued inject redemption, to "^teresK-^^ **> - plant electric 2% % $711,000 19—v. 166, p. bonds offered Nov. Due $55,000 Jan. and $56,000 July 1, 1964, $56,000 Jan. and $57,000 July 1, 1965, first mortgage bonds. $58,000 Jan. and $59,000 July 1, 1966, $60,000 Jan. and July 1, 1967, $61,000 Jan. and $62,000 July 1, 1968, and $63,000 Jan. and $64,000 July 1, 1969. Bonds maturing in 1964 to 1967, are subject'to redepmtion, in inverse numerical order, on July 1, 1953, or on any interest payment date thereafter, at par and accrued interest, and bonds maturing in 1968 and 1969, are subject to redemption, in in¬ verse numerical order, on July 1, Dec. Dated Principal 1947. 1, payable at the First-Trey National Bank & Trust Co., Troy. Approved as to legality by Bricker, Marburger, Evatt & Barton, of Columbus. and interest (J-J) Bids will be received for the tire Savings Bank Co., as Registered as to prin¬ cipal only. The bonds are issued subject to the favorable opinion of Townsend, Elliott & Munson, of Philadelphia. A certified cheek for 2% of the face value of the 2V2s): Roose & Go., 100.508; J. A. White & Co., 100.431. Arnett, Okla. Sale—The accepted. Dec. 1 for the der the lowest rate of agreeing to pay par offering interest and authorized election held the at of $890,000 3% building, unlimited tax bonds. Dated Dec. 1, 1947. Denom. $1,000. Due $29,000 on June 1, and $30,000 on Dec. > 1 from 1949 to 1958, and $30,000 on June and Dec. 1, from 1959 to 1963 incl. Bidders to name the rate or rates of in¬ in terest These of multiples the are bonds Co., and Aspden; Robinson & Co., jointly, for 23/4s, at a price of 101.20. RHODE Rhode bonds offered 011 school Nov. 24—v. 166, purchased by the Bank, of Portland. 1, 1948. Interest pay¬ 2155—were p. First National Jan. payable for, ter, the to Education, is required. Consolidated Waterloo 1, inclusive. 1971 Hood River, Ore. Offering—W. M. Sylves¬ City until 8 receive will Recorder, bids Sch. Dist. These $47,000 build¬ ing unlimited tax bonds offered on Nov. <6—v. 166, p. 1730r—were purchased by Assel, Kreimer & Co., of Cincinnati, as 2Y4S, at fa price of 100.40, a basis of 2.198%. Dated Ncv. 1, 1947. Principal and interest (M-N) payable at the Athens National Bank, National Banking Association, Athens. Due serially on Nov. 1, from 1949 to 1963 incl. The next highest bidder Ryan, Sutherland & was Co., for p.m. on Dec. NOTICES ELECTRIC BOAT COMPANY v 445 OK PARK NEW YORK 22, N. The Board declared " this day twenty-five cents the Common Stock of the payable December 12, 1947, business Checks of Y. has on stockholders to Directors dividend a share Company, per of of of record December will be 5, at the close 1947. mailed by the Bankers Trust Company, 16 Wall Street, New York 15, N. Y., Transfer Agent. H. G. SMITH, Treasurer. November 25, union 1947. of Winfree, McCulloch, Shaler & Sayre, of Portland, will be furnished the purchaser. A certified check for $500 is re¬ opinion quired. Riddle, Ore. Sale—The $20,000 bonds offered Portland. of water 10 were by the First National purchased Bank Nov. on Dated Jan. 1, Due $1,000 on Jan. 1, 1972 incl., optional from after Principal and interest (J-J) payable at the City Treas¬ 1948. 1953 to five years. urer's office. Ore. Salem, Bond Offering — Alfred Mundt, City Recorder, will receive sealed bids until 7:30 p.m. on. Dec. 8 for the purchase of $44,127.77 im¬ Dated Dec. 1, Due on Dec. 1, as follows: $4,127.77 in 1948; $4,000 in 1949, and $4,500 from 1950 to 1957 incl. The City shall have the option to redeem Denomination $500. bonds in order, upon the payment of the face value thereof, with accrued inter¬ est on any interest paying date or after 3 years from the date the bonds are issued. Bidders to name the rate of interest. No bids for less than par and accrued interest will be accepted. Principal and interest payable at the City Treasurer's office. The legal approving opin¬ ion of Winfree, McCulloch, Shuler & Sayre, of Portland, will be fur¬ share stock of on this Offering District, Pa. — Clifford F. Frey, District Secretary, will re¬ at the close of business December 5, 1947. MORSE G. DIAL, Secretary and Treasurer . '• of Dallas, 2.226%, at as a fol¬ able at the State Treasurer's office. Brooks County (P. O. Falfurrias), Texas follows: (J-J) payable at the office of the Gen¬ eral Treasurer. Due. serially on Jan. 1, from 1949 to 1968 incl. The next highest bidder was White, Weld & Co., Equitable Se¬ curities Corp., First of Michigan Corp., and Detmar & Co., jointly, for 2s, at a price of 101.69. Sale—The $375,000 Bond Nov. on 21 bonds sold were as $350,000 road bonds to composed > of a the syndicate Columbian Securities Corp., of Texas, M. E. Allison & Co., R. K. Dun¬ bar, and J. L. Wright & Co., all of San Antonio, at interest cost of 2.10%. Dec. Bond 1, as on follows: $20,000 in Waites, Secy. Board of School Commis¬ sion, will receive sealed bids un¬ til 5:15 p.m. on Dec. 9 for the purchase of $500,000 not to exceed 4% interest school coupon bonds. Dated Nov. 1, 1947. Denomination $1,000. Due on Nov. 1, as follows: $10,000 in 1948; $30,000 in 1949; $10,000 in 1950; $5,000 in 1951 and 1952; $7,000 in 1953; $5,000 from 1954 to 1957; $39,000 in 1958; $40,r 000 from 1959 to 1964; $45,000 in 1965 and 1966, and $44,000 in 1967. of Rate interest in be to 1958 and 1959; $26,000 in 1960, and $27,000 in 1961 and Offering—Edgar 1962. 25,000 airport bonds to the Ransou-Davidson Texas Co., First of Corp., and Roe & Co., of San Antonio, jointly, as 2s, at price of a Dated Dec. 1947. Principal (J-D) payable at the and interest State Treasurer's office. The ap¬ proving opinion of McCall, Park¬ hurst & Crowe, of' Dallas, will be furnished the purchaser. Lcs Fresnos Indep. School District, Prin¬ cipal and interest (M-N) payable at Columbia or New York City. house bonds offered The v. all of the bonds. approving opinion of Colin S. Monteith, Jr., of Columbia, and Reed, Hoyt & Washburn, of New York City, will be furnished the ourchaser. 2% of A the 166, $35,000 on school Nov. 20— 1939—were purchased b; p. Co., at a 3.55%, as fol¬ 2%s, maturing $1,- net interest cost of lows: $10,000 as check for 009 of bonds bid $10 000 on from for, payable to the Board, is re¬ quired. 3%s, Dec. 1 from 1948 to 1957 3V2S, maturing $2,00C 1962, and $15,000 ar maturing $3,000 from 196? as to 19.67, all inclusive. Dated Dec 1, 1947. Interest payable J-D. The next highest bidder was McRoberts, Graham & Co., for $14,000 ar 314s, and $21,000 as 3%s. SOUTH DAKOTA Estelline, S. Dak, Bond Sale—The bonds offered $28,000 sewer on Lufkin ; refunding bonds was pur¬ by a Syndicate composed of the First of Texas Corp., Co¬ lumbian Securities Corp.. of Tex¬ R. J. Edwards, Inc., Dittmar ? Co., all of San Antonio, and Fridley & Hess, of Houston, as 3s, a' par. Dated Jan. 1, 1948. Due se¬ rially from 1949 to 1970 inclusive. as, TENNESSEE Jonesboro, Tenn. 166, combination bonds offered -p. tax on funding to Monahans, rev¬ Columbian I Securities 1939-r-were purchased by Jack M. Bass & Co., of Nashville, the rate of in¬ Nov. 1, from 19 "> to 1959 incl. Texas, '■ ; follows: as clusive. • , A. <'7vV ' •' turing from 1958 to 1967 inclusive, are optional on any interest date on or after March 1, 1957, at par plus a premium of 5%, such pre¬ mium reducing % of 1% on March 1, of each year begin¬ ning 1958. Principal and interest (M-S) payable at the Austin Na¬ tional Bank, Austin. Approved as to legality by McCall, Parkhurst & Crowe, of Dallas. These are the bonds originally offered on Aug. 27. VIRGINIA Elizabeth City County (P. O. Hampton), Va. Bond Clerk Offering Board of — R, E. Wilson, Supervisors, will receive sealed bids until 7.30 p.m. on Dec. 10 for the purchase of $112,000 not to exceed 6% interest airport coupon bonds. Dated Jan. 1, 1948. Denomination $1,000. Due on Jan. 1, as follows: $5,000 in 1949, $6,000 in 1950, $5,000 in 1951 $6,000 in 1952, $5,000 in 1953, $6,000 in 1954, $5,000 in 1955, $6,000 1956, $5,000 in 1957, $6,000 in 1958, $5,000 in ,1959, $6,000 in 1960, $5,000 in 1961, $6,000 in 1962, $5,000 in 1963, $6,000 in 1964, $5,000 in 1965, $6,000 in 196$, $5,000 in 1967, and $8,000 in 1968. Bidders to the rate of in¬ name terest in multiples of Y* or 1/10 of 1%. Principal and interest (J- il J) payable at the County Treasur- H er's Office. Each bid must be for all of the bonds and state rate of interest only. a single The pur¬ chaser will be furnished with the approving opinion of Wood, King & Dawson, of New York City. A 1 certified check for 2% of the par amount of the bonds bid for,, pay¬ able to the County Treasurer, is required. Hampton, Bond Offering Va. L. D. James, City Manager, will receive sealed bids until 2 p.m. on Dec. 2 for the — purchase of $36,000 not to ceed interest 4% bonds. ex¬ airport coupon Dated June follows: as 30, 1947. De¬ $6,000 in and 1953 1954, and $8,000 from 1955 to 1957 inclusive. (J-D) Principal payable Hanover York Bank City. at Bidders Vs or 1/10 of Central Co., New to are name multiples of bond$; and thin more the 1%. No bids for less than all of the stating interest and & Trust the rate of interest in one no bids rate of in¬ terest will be considered. All bids be must of unconditional. .No bids in¬ The purchaser will!be,fur- opinion Wood, King & Dawson,, of New York City. 2% of A certified check for the par amount!'of; the bonds bid for, payable .to Treasurer, is City required. ^ WASHINGTON Columbia County, Dayton School No, 2(Pi Q. of Dallas, ^Dayton), Wash; Texas Bonds Publicly Offered Nov. 21—v. and name 1, District - Bidders March on Dated Sept. 1, 1947. Denomina¬ tion $1,000. All of said bonds ma¬ water and I I. . nished with the approving chased „ Sale—The $40,000 .1 'I $13,000 from 1950 to 1952 in¬ school The next highest 100.117. ■ " $11,000 in 1948 and 1949, and terest. - Bond Sale—An issue of $600,OOf bidder was Kalman & Co., for 2V2S, at a price of Indep. School District, Texas Dec. 1 from 1948 to 1964 inclu¬ sive. 1 for less than par and accrued Nov. 24—v. 166, p. 2155—were purchased by. the Farmers State Bank, of Estelline, as 2%s, at par; Dated Dec. 1.1947. Interest payable J-D. Due serially on 11 ■ 1953 to — Corp. Bond Sale—The The of is offering for p.m. (EST) on purchase of $600,- and Fisher Hawes & Co., of Knox- investment $333,000 various bonds improvement ville, jointly, for 3s, at a price of as follows: coupon "bonds. Dated Dec. 15, 1947. par. Dated Nov. 1, 1947. Interest $164,009 3Y2% impr0veme nf Denomination $1,000. Due $40,000 ;: bonds. Due. pn March 1, as Payable M-N. Due serially on on Dec. 15 from 1948 to 1962 incl. 000 Due Ranson-Davidson certified amount Sale—The Bond the )■■! I nomination $1 000. Due on Jan. 30 Texas for P par. 1, mul¬ a »»« 61,000 ZVz%\ improvement bonds. net a Due 1949; $21,000 in 1950 1951; $22,000 in 1952 and 1953; $23,000 in 1954 and 1955; $24,000 in 1956 and 1957; $25,000 in * in 1948 and enue Corporation has been ceive bids until 8 declared, payable January 2, 1948, to Dec. 10 for the stockholders of record 166, Co., * offered works Bethlehem School the outstanding capital Nov. 25—v. Trust Higginson Corp., all of New York, as 2s, at a price of 101.70, a basis of 1.798%. Dated Jan. 1, Bond ■ Bond V 1961; $19,000 in 1962; $20,000 in 1963; $22,000 from 1964 to 1966, and $23,000 in 1967. 108,000 3% improvement bonds. Due on March 1, as follows: $14,000 in 1953 and 1954; $15,000 in 1955 and 1956; $16,000 in 1957, and $17,000 in 1958 and 1959. $146,000 as 2s, maturing on Nov. 1, $28,000 in 1948 and 1949; $29,000 in 1950; $30,000 in 1951; $31,000 in 1952, and $354,000 as 2V4S, maturing on Nov. 1, $31,000 in 1953; $32,000 in 1954; $33,000 in 1955; $34,000 in 1956; $35,000 in 1957; $36,000 in 1958; $37,000 in 1959; $38,000 in 1960, and $39,000 in 1961 and 1962. Prin¬ cipal and interest (M-N) pay¬ numerical PENNSYLVANIA per on Union net interest cost of lows: Lee same corporation irraa', Valley 2155 — were purchased by a syndicate composed of Glore, For& Co., Union Securities Corp., Estabrook & Co., Coffin & Burr, Salomon Bros. & Hutzler, and the bonds, payable to the City, is required. A cash dividend of 'One dollar ($1.00) 166, v. — 'I 1 TEXAS gan the and/carbon re¬ County, County Indep. School District (P. O. Falfurrias), Texas Bond Saler—The $500,000 school tiple of V& of 1% and must be the nished the purchaser. A certified check for 2% of the par value of carbide rejected were bids All — purchase of the bonds offered on Brooks Richland County School District No. 1 (P. O. Columbia), S. C. the AVENUE $1,000,000 sewer district cipal and interest (J-J) payable at the fiscal agency of the State in New York City. The approving 1947. DIVIDEND 24, 1627. p. SOUTH CAROLINA provement bonds. 2V2s. the $800,000 school Nov. the bonds authorized at are Bond Bond Sale—The (State of) The — the election held on Oct. 7. Prin¬ (Pi O. New Marshfield), Ohio for 1947. Principal and interest Due serially on Jan. 1950 to Bond opinion of Peck, Shaffer & Wil¬ liams, of Cincinnati, will be fur¬ nished the purchaser. No condi¬ tional bids will be received. A certified check for 1% of the bid Sale p. able J-J. terest will be considered. The ap- ISLAND Island bonds offered Ore. $22,000 Glendale, Sale—The Bond sealed bonds & Bond general election on Nov. 4. 15 for the purchase of $15,000 not Principal and interest (J-D) pay¬ to exceed 5% interest sewer able at the First Troy National bonds. Dated Jan. 1, 1948. Due Bank & Trust Co., Troy. No bids for less than par and accrued in¬ $5,000 on Jan. 1, from 1949 to 1951. Board of 1, from 1948 to 1977 incl. highest bidder was Dolphin general OREGON from 14 of 1%. authorized Due serially next of the amount fied check for 2% Dated at the > Dec. on The A certi¬ Nov. 4. on Interest payable J-D. These bonds and accrued interest. were basis of 2.57%. Dated Dec. 1, 1947. Blackstone 11 for the purchase ceived ■ $12,000 bids until 7 p.m. on receive sealed bids until noon on Dec. Rejected sani¬ Upper St. Clair Township School house bonds offered 011 Nov. 21 were tary sewer bonds offered on Nov. District purchased by a syndicate (P. O. R. D. 2, 25 were purchased by the Farmers composed of Dewar, Robertson & Bridgeville), Pa. and Merchants Bank, of Arnett, as of San Ant o nio, Bond Sale—The $340,000 school Pancoari, 3s, at a price of par. Due $1,000 bonds offered on Nov. 18—v. 166; Rauscher, Pierce & Co., Crummer from 1950 to 1961 inclusive. & Co., Inc. of Texas, both of p. 1938—were^ purchased by HalDallas, Emerson, Roche & Dunn,, Ne w \ Cordelf* Phi*** sey, Stuart &r ,Co., and Glover & of Austin, McClung & Knicker- ; Bond Offering—Winnie Askew, MacGregor, of Pittsburgh, jointly, bocker, of Houston, and the Dallas City Clerk, will receive sealed for 2%s, at a price of 100.659, a Bond M. Burrell, Education, will of Board ville), Tenn. Bids District bonds, payable to the Treasurer, is required. OKLAHOMA Offering—M. Bond bid iv2s, at a price of par. Dated Aug. 1, 1947 and due on Sept. 1 from 1949 to 1958 incl. Other bids (for no County (P. O. Blount- en¬ rate of in¬ combining two one any different rates of interest will be State Troy City School District, Ohio Clerk at but ville bid, is required. - issue Sullivan 1 %. Ys of terest The bonds will be sold to the bid¬ interest., multiples of 2043—were awarded to the Water¬ purchase of $165,000 water works extension bonds. Due $10,000 from 1950, or on any interest payment -1950 to 1964, and $15,000 in 1965. date thereafter, at par and ac¬ crued in terest , $220,000 school bonds offered xm. Nov. p. 166, 2044r-were purchased by Fos-' ter & Marshall, of Spokane, at. a net interest cost of 2.089%. Dated Nov. 1, 1947. Principal and inter¬ est payable at /is'follows: $18,000. ia; 1960/and; urer's office. the-^County Treas¬ .