The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Volume 154
Number 4019
New
STATE
York, N. Y., Saturday, December 13, 1941
AN DC ITY
Price 60 Cents
•
a
Copy
DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
:
alabama
Alabama. Bridge Authority,
porated, Ala.
Bond
•
Call—The
above
Incor¬
est, and a premium of 5%, at the
First National Bank of Mobile,
following bonds
$23,500 and divided:
aggregating
•
-
.
■
;<
r
,
$250.
Bonds, Letter "L," Nos. 27, 32,
38, 104, 118, 141, 145, 164, 176, 187,
198, 206, 215, 254, 260, 264, 269,
281, 285, and 307, denom. $50.
Bond
Little
*
130
1,
not
1942.
$1,000.
All bonds
:
Jan.
Dated
are
■.
•
series of 1942.
Interest rate is not to exceed 2%,
payable J-J. No bids are to be for
less than par and accrued inter¬
est to
be
must
will
date of
delivery.
Nearly
cently
by
T.
Rock
J.
Raney
bond
&
Sons,
Only is
dealers.
issue which will
rate
of
bear
3.35%. until
1975,; compared
3.5%
and
an
with
4.5%
on
interest
rates
bonds
of
ann.
refunding bonds
sale
Dec.
on
8—v.
154, p. 1041—
>
jointly / by
Refsnes, Ely, Beck & Co. of PhoeniXj and the Pasadena Corp. of
were
purchased
Pasadena,
3^s, paying
as
a
pre¬
the City
Treasurer, is required.
We
understand
that
issue
an
of
j
$7,000,000 tube construction bonds
has been proposed.
been
will
-
be
received
until' 7:30
sold
Ely,
.
,:
//
Bond
Byrd,
Sale
City
Canceled
—
to
water
utilities
property
acquisi¬
syndicate
headed by Oswald F. Benwell of
revenue
bonds to
a
noted here
as
not
offered
was
Nov. 8,
since the
the issu¬
on
consummated,
(Illinois)
sealed
bids
until
8
p.m.,
on
On November 27
of
East
of
&
did
not
approve
corporation
the Board
able
were
accepted
plan
a
submitted
p.m.,
and
Dec.
INDEX
interest,
Nos.
1RB
bonds
must
be
Jan.
1,
1942, and
cial
City Department '
Proposals and Negotiations 1473
General
Corporation
Redemption
Fund
Calls
and
fourths
of
(Individually)
Federal
Reserve
Note
Weekly
Return
of
(combined)
Condition
the
Reserve
New
Banks
1501
1500
Re¬
Bank
1498
Discount Rates
of
Foreign Central
...........................
Return
Member
of
1498
Banks
1498,1499
Weekly Return of N. Y, City Clear'
irig House
1498
.
Bankers'
New
Acceptances
York
......
.
......
1498
Money Rates:..,....... 1477
Foreign
Exchange
Brokers'
Loans
Rates..........
.
1499
1501
Weekly
Federal
Reserve ' Bank
■" 'Changes
.v>.
...........
1501
Foreign
Gold
The
Course
Discount
Banks
Bank
Money
Bullion
of
Course of
in
of
Rates
Rates......
1477
European Banks..
1477
Bank
1502
of
Clearings.
Federal
.>
Reserve
.........v.:..
England
•
■
1498
Statement..;,.. 1501
Sterling Exchange;.'..'..'. 1498
Non-Ferrous
Metals
Market?".. .;",;,
1477"
Capital Flotations in November..'. 1473
$25,000
Sale
Edwards,
Curb
semi-
-Bond
share on
Capital Stock
corporation
the Board
Sab-District
and
No. 1
Bonds
Storm
No.
Sewer
10
fire
apparatus and fire sta¬
of
states
District
000
(P.O. Sterling), Colo.
Sold—tH.
Lockesburg),Ark.
;
Bond Call—S.
E.
.
-
.
three-
the
above
declared
Directors,
by
pay¬
January
„1942
to
stockholders of record on the
books of the
Company at the
close of business December
10,
E.
1941.
L.
LALUMIER, Secretary
series
which
Executive
that
Director,
$675,(First Issue) bonds,
the
A
had
AMERICAN
MANUFACTURING
O.
sale
been
of
the
scheduled
for
M.
stated
by Claude A. Renshaw,
Proposed Financing—M. Wes¬
Skinner, Sec¬ ley Sherwood, Town Treasurer, City Maagner, that the amount
of
the
issue
was
increased
to
retary of the Board of Education, reports that no decision has been
calls for payment, on Jan. 1, 1942, made as
yet regarding the method $643,000, and the certificates were
at par and accrued
purchased
at
par.
Due on Dec. 1.
interest, bonds of financing the town's share of a
as
follows:
Nos. 1RB to 80RR, dated July 1,
$12,000 in 1943 and
$124,380 school building project
1944,
$13,000,
1945
and
1946. $14,1936, due Jan. 1, 1965. The bonds which has been approved by the
000 in 1947 and 1948, $15,000 in
must be presented with 'Jan.
The mat¬
1, Federal Government.
1942, and all subsequent coupons ter must be considered at a regu¬ 1949 and 1950, $16,000*in 1951 and
attached to the Commercial Na¬ lar town
1952, $17,000 in 1953 and * 1954,
meeting.
' ~ /
/
tional Bank, Little Rock.
$18,000 in 1955, $19,000 in 1956
New Haven. Conn.
and 1957, $20,000 in
1958, $21,000
Newport Sch. Dist. (P. O.' New•
Use Of Surplus On WPA Defi¬ in 1959 and
1960, $22,000 in 1961,
port), Ark. ..'Y/ cit
Legal—Corporation
Council $23,000 in 1962, $24,000 in 1963,
-Bonds Authorized—We under- Vincent P.
Dooley recently ad¬ $25,000 in 1964, $26,000 in 1965
1 stand
that ' the • State
Board
of vised the Board of Finance that and
1966, $27,000 in 1967, $28,000
Education-;: y recently ■. authorized the city can legally use an antici¬
in 1968, $29,000 in
1969, $30,000
the issuance of $259,000 3Yi % re-,
pated 1941 surplus to liquidate a in
1970, $31,000 in 1971. $32,000
funding bonds. !?'
deficit of $225,000 incurred as a in
1972, and $28,000 in 1973, pro,
and
of
was
of
quarterly
a
able
Noble
Postponed—Ray
—
Banks
York
Sale—The
Housing Authority
(P. O. Jacksonville), Fla.
"colorado
Sterling
Secretary
Jacksonville
bonds.
;
:
»/1501
Statement..
.....................
Of
1481
Reserve
Bank, Little Rock.
.
cent
(1 %%)
the Preferred
per
per"
the
Krull, City Dec.
10—v.
154, p.
1209—was
states that $10,000
6% postponed until Jan. 7.
tion (Second Issue) bonds offered Clerk,
semi-ann.
street
improvement,
for
sale
on
Dec.
8—v.
154, p.
Miami Beach, Fla.
assessment
bonds
have
1137—were awarded to the W. B. special
been purchased at par by the Se¬
Additional
Information
In
Worthen Co. of Little Rock, as 2s,
connection
with the sale of the
State Bank of Sterling.
at a price of 102.27, a basis of curity
Dated Dec. 1, 1941. Due on Dec. $500,000 3Vz % semi-ann. munici¬
about
1.55%.
Dated
March
1,
pal hospital revenue certificates
•
'
'
'
1941.
Due $5,000: from March 1, 1, 1958.
to Leedy; Wheeler & Co. of Or¬
1945 to 1949 incl.
connecticut
lando, and Atwill & Co. of Miami
Lochesburg Sch. Diet, (P. O.
Beach—v. 154, p. 1308—it is now
Fairfield, Conn.
1481
\
Statement
BankB
Bond
ann.
Sinking
.........................
Weekly
Weekly
Invest¬
struction
all subsequent
Little Rock, Ark.
1488
Notices
Dividends
serve
and.
News
ment
?
National
and
Bond
with
attached to the Commer¬
coupons
State
presented
Decem¬
on
delaware
On November 27
dividend of one
new program the interest
will
be reduced.
the
to
of
v
by
the
may be called early next year to
following
submit
to
the
voters
$507,000
50RB, dated
Woodland
School
District
con¬
Dec. 1, 1936, due Jan. 1, 1965. The
accrued
the
at thfe
ARMOUR AND COMPANY
City
bonds:
business
ber 10, 1941.
;
L. LALUMIER,
Calif. '
plan had been approved
;
Bond Call—It is stated by L. L.
16, by Joseph C. Furst,
Bond Election Contemplated— under the Municipal
Bankruptcy
Clerk, for the purchase of Long, Secretary of the Board of
It
is
Act.
stated
The
bonds
bear
by
H.
R.
interest
the following bonds aggregating Education, that he calls for
Saunders,
pay*
County
ranging
from
3V2%
to
that
an
election
6%. Under
Clerk,
ment on Jan. 1, 1942, at par and
$139,000:
on
of
on
Company
E.
Hollywood, Fla.
Bond Refunding Contract—The
City Commission is said to have
by
Directors, pay¬
January 1, 1942 to
on
close
florida
associated
declared
was
of
books of the
Costa Irrigation Dis¬
(P. O. Brentwood), Calif.
Purchasers—We are informed
by John. Nuveen & Co. of Chi¬
on
shareholders of record
Norwalk.
Contra
//;-..
dividend
a
share
per
Cumulative Convertible Prior
Preferred shares of the above
trict
cago, that they
with F. Thomas
$1.50
the
issued and outstanding $6.00
Dec.
on
Dec. 8 and
Recorder, states that by Orrick, Dahlquist, Neff
Herrington of San Francisco.
the conditional sale of the
$§00,000 electric light, power, gas and
tion
warrants
NOTICES
ARMOUR AND COMPANY
(P. O. Wilton, Conn.
Offering—John F. Goetjen, First Selectman, will receive
Note
15, for the purchase at discount
was awarded to Kaiser
of $40,000
of
notes, dated Dec. 17,
& Co. of San
Francisco, at 0.70%, 1941, and due June 8, 1942.
Is¬
' ' ' • plus a
premium of $26.00.
Dated sued in anticipation of taxes for
/./■:-/ Dec. 11, 1941.
Due on or about 1941. The notes will be certified
E,. C. Feb. 25, 1942.
Legality approved and payable at the National Bank
recently
Beck
&
Co.
'.
.
tered
DIVIDEND
v
Offering—Sealed-bids
BROADWAY, NEWY0RK TELREdor 2-1737
of Fi¬
Kemp & Co. of John Nuveen &
Co. of Chicago,
Los
Angeles, - in the purchase of to refund
ance of these bonds, at the' elec¬
$984,000 outstanding
the $1,107,000 3 l/z% semi-ann. re¬
tion held on-Dec. 9.
- ;
bonds, effecting a saving in in¬
funding bonds, described in these
terest of $133,536. The bidder was
columns on Dec. 9.—V.
154,
p.
Arkansas
given until March 1, 1942, to com¬
1419.'
- *; ;r
plete the refunding.
The origi¬
Hay net Sf>ec. Sch. Diet. (P. O,
Yolo County (P. O.
nal debt was refunded in
1935
Woodland),
.•/•/
Haynes),_ Ark.
•
.Bond
135
Wilton
-
yuma, Ariz.
was
*; v
Lebeinthal# Co.
to
yet
of the city.
nance
<
voters
July 15,
as follows:
$5,000 in 1946 to 1955,
and $110,000 in 1966.
-;
•
has
Carey Congdon is Director
Safford, Ariz.
Denver,
on
Ariz.
decision
bonds
US
been made.
'
,
July 15, 1966; optional
Phoenix,
no
the
of par)
:
certified check for 5% of the total
amount
of
the bid, payable
to
mium of $276.80, equal to 100.173,
a
basis of about 3.48%.
Due on
'
that
$10,000
CALL
the approving
i"1.';. New London, Conn.
california
Bonds
Gust, Rosenfeld, Divelbess,
Authorized—City Coun¬
Alameda County (P,; O. Oakland), cil recently
passed on final read¬
Coolidge of Phoe¬
H Calif.
nix. Delivery of bonds to be made
ing an ordinance to issue $250,Bond Issuance; Contemplated— 000
at the City Treasurer's office.
water
A
improvement bonds.
;■'
semioffered for
and
to
up
city
opin¬
Robinette and
Phoenix/
Sale—The $160,000
request to the Board of
Aldermen for the bond issue au¬
thority will be a "protective"
The
furnish
Refsnes,
Nogales, Ariz.
MUNICIPALS
(Amounts
his
measure
LOT
ion of
have
Bond
ODD
a
in
the anticipated surplus
large enough for that pur¬
V. 154, p. 1307. The Mayor
being actually issue
•
>
not
said
maturity, in
The next time you have
event
pose.
California (State of)
Warrants Sold—Ah issue of $2,v
Bonds Sold—A $30,000 issue of
Bonds called were selected
by
general
fund
street
regis¬
the above bank as trustee,
paving bonds is said to 518,723.54
p
arizona
withstanding
the
Corporation
Counsel's decision, the Board au¬
thorized
Mayor John W. Mur¬
the
bonds, each for $1,000, have
been exchanged for the new
All bids refunded.
unconditional.
Com¬
refunding i of bonds
totaling - $1,035,000
isnearing phy to seek authority to float
completion, it was reported re¬ bond issue to cover the deficit
1952.
-
Refunding
pleted—The
refunding ■ bonds. • Due
$26,000.on Jan. 1 in 1951 and
Derioin.
result of WPA expenditures. Not¬
Jan.
on
j 52,000
■
Bonds, Letter "M," Nos. 21, 175,
222, 367, 572, 600, 662, 975, 1123,
and 1579, denom.
$1,000.
Bonds, Letter "D," Nos. 29, 33,
48, 110, 239, 283, 310, 360, 361,
412, 565, 652, 721, 725,' 800, 840,
920, 1225, and 1299, denom. $500.
Bonds, Letters "CCL," Nos. 1,
19,
23,
53,
146,
167, 170, 250,
295, 298, 325, and 349, denom.
*
refunding bonds. North. Little. Rock Spec. Sch. Dist.
1; $12,000 in
(P. O. North Little Rock), Ark.
sewer
1951, and $13,000 in 1952.
| 62,000 water works refunding
author¬
bonds. Due $31,000 on Jan. 1
Jan. 1,
in 1951 and 1952.
\
ity calls for payment on
<1942, at par, plus accrued inter¬
the
$25,000
:-j
Due
and
West
Brooklyn,
The
stock
record
New
books
COMPANY
Streets
York
of
the
.American
Manufacturing
Company will be closed for the
of transfer of stock on December
20th,
1941,
until
January
2nd,
1942.
Directors'
Meeting
will
be
held
on
Friday,'. December
purpose
19th,
1941.
ROBERT
United Shoe
The
Directors
clared
a
clared
a
Common
capital
the
close
capital
and
5,
Corporation have de¬
per share on
the
They have also de¬
62V2C. per share on the
stock.
The dividends on both
37^j[C.
of
Common
1942,
of
this
of
stock.
dividend
Preferred
January
BROWN, Treasurer Y
Machinery Corporation
of
dividend
Preferred
B.
to
stock
are
stockholders
business
WALLACE
December
M.
payable
record at
1941.
Treasurer.
of
16,
KEMP,
vided, however, bonds numbered
193 to 643 incl., shall be
subject
to redemption by the
city prior to
maturity, in whole or, from time
to time, in part in the inverse
order
of
numbering,
on
terest
payment date
on
any
or
in¬
after
Dec.
1, 1955, and in the event of
redemption of any of said bonds
notice
thereof
bonds
to
given
by
once
tive
be
identifying
redeemed
publication
during each of two
the
shall
at
be
least
consecu¬
calendar
weeks, the first of
such publications to be not less
than 30 days prior to such re¬
demption date in a newspaper or
financial
culation
journal, of general cir-»
published
in
Dade
THE
1474
on
154,
-v.
3-
Sept.
p.
COMMERCIAL & FINANCIAL
-
,
,
the
during
if
All> of
est cost of about; 2.175%/
LOUISIANA
and on any
,.
bonds
s
on.vNov; • 1, 1946,
the bonds are dated Dec. 15, 1941
interest payment date
Louisiana (State of)
and the combined maturities are
thereafter.
Bidder to name the
Salary Loan Approved—Votes from 1942 to 1971 incl. Successful
rate of interest at which they will of; House /and
Senate members bidders made public re-offering at
purchase the bonds at- par; and received by Governor Sam H.
prices to yield from 0.75%
to
accrued interest payable May and Jones indicates a majority favors
2.40%, according to maturity.
v:
Nov./l each year. The legal opin¬ the' proposed $1,481,960 loan tc
Note Sale—The issue of $5,000,.ion of Stipp, Perry,. Bannister &
provide salary increases for em¬ 000 notes also offered Dec. 11 was
Starzinger of Des Moines, will be ployees of State maintained in¬ awarded to the First Boston Corp.;
furnished the purchaser. ^ A cer¬ stitutions and to finance a pro¬
and the Chemical Bank & Trust
tified check for 5% of the amount,
gram of needed repair of buildCo., both of New York, jointly, at'
of bonds bid. for is required; f/J
ings.
The Board of Liquidation, 0.85% interest, plus a premium of
(These are the bonds that were State Debt, proposed the loan, i
$67. Dated Dec. 15, 1941 and due
originally scheduled for sale on approved on a Legislative poll
Oct. 1, 1942. ' The Chase National
Nov.
28,i the offering - of - which Of "the proposed loan $608,001 Bank of New York, Salomon Bros.
was
postponed—v. 154, p. 1250.) would be assigned to the charitj & Hutzler, and R, W. Pressprichj
& Co., joined in making a bid of
Mahaska
County
(P. t'O. r Oska- hospital at New Orleans.
1.15% interest, plus a premium ofi
loosa), Iowa -ithe city
of
tion
322—havt
Fla., arid one published
been sold.
in New York. It is further agreed
that should any of said bonds be
Ramsey, III.
redeemed prior to maturity as
Maturity—The $7,000 3% water
aforesaid said city will pay to the system bonds purchased at par
respective holders upon surrender by the Municipal Bond Corp.,
iof the bonds interest represented Chicago—v. 154, p. T250—mature
by the coupons thereto attached Dec. 1, as follows:
$500 from
which have accrued as of the re¬ 1944 to 1947 incl., and $1,000 from
demption date, and additional in¬ 1948 to 1952 incl.
. -1
terest in an amount equal to 3%
Salem School District, ?IU.;
of the principal amount of such
Bonds Voted—At an election on
redeemed
County,
Saturday, December 13) 1941
CHRONICLE
Dec. 6, the. voters approved an is¬
1955 or 1956; 2% of the
sue
of $850,000 school building
principal amount of such bonds
..bonds. The issue had already been
if redeemed during the years 1957
contracted for.—v. 154, p. 1250v
or
1958;
1% - of the principal
amount
of
such bonds
if re¬ Sparta School District No. 14, III.
rBond Sale Details—The County
deemed during the years 1959 or : Bonds Sold—An issue of $12,Treasurer states that the* $42,900
,1960; and at no additional inter¬ 000 5% refunding bonds was Sold
funding bonds sold to the First
est if redeemed on any interest to the H. C. Speer & Sons Co. of
years
>
MARYLAND
Miami, Fla. V/^ •;■>
'
Trust* Co.
Dated Nov. kl, 1941.
Chicago.
jdate thereafter.
2s,
of
Lincoln
on
Oct. 11, were pur¬
as
chased
INDIANA
at
par
and
mature
as
*
L
-
exceed; 4%
,
2%
$100,000
jfudgment funding bonds
awarded
|Dec. 1 to the Harris Trust & Sav¬
ings Bank, Chicago, at a price of
-405.159, a basis of about 1.47%—
.^v. -154, p.
1362—were
for as follows: "
.
also bid
Rate Bid
105.037
Co
Trost
Valley
to
bonds and coupons at
his own ex¬
the bid
A certified check for $1,104.295 pense.
& Trust Co. 104.189
5D0f. payable to the order of the
JBaum,
Bernhelmer Co
103.933
Municipal Bond Corp., Alton
103.865 city, must accompany each pro¬
Channer Securities Co
103.167
posal.
Hamman, Ripley & Co., Inc.........
100.82
t'irst
National
Bank, Belleville.......
100.50
Gary Hbasing', ~Authority (P. O.
f\
-• • '• •'
Bradley - Bourbannais
Community
Gary), Ind,.
"■
t
Bonds Not Sold—K. A. ParmeHigh School District (P. O.
;
& Co..,.;
Mercantile Commerce Bk.
Nuveen
.John
,
lee, Secretary - Treasurer, states
Bradley), I11.Voted—An election on that sale of the $466,000 series A
Nov. 29 the voters authorized an bonds,
scheduled for Dec. 10—
issue of $115,000 school building v.
154, p. 1250—was postponed,
and site bonds.
because of adverse market con¬
t:':V
#i; •>
t
Bonds
Danville Housing Authority (P. O.
Danville), III.
i Bonds
/Not
Sold—Charles E.
r
Leverenz, Sr., Executive Director,
states that the sale of the $136,-
-
"
:
.
'
• ■
.
loan
temporary
scheduled
which
warrants
-
foi
satisfactory
no
postponed.
.; 1250—was
syndicate cotriposed of the
III. Fletcher Trust Co., Union Trust
Co., Indiana National Bank, Mer¬
: Sale Date Still Undetermined-ichants National Bank, American
William
Harris,
Clerk of the National Bank and the Indiana
Board of Education, states that
Trust
Decatur School District No. 61,
•
,
has
decision
no
of
sale
Regarding
bonds
construction
been
yet
made
$180,000
the
authorized at
16.
Indianapolis, at
interest, plus a premium
Co., all of
V/4%
of
$420.
Mitchell, Ind.
election ori Sept.
an
Offering—William A. Syl¬
Bond
Easton, III.
^
Bonds Voted—An
000
issue of $27,-
system bonds was ap¬
water
proved by the voters at the elec¬
tion on Dec. 3.
The bonds have
already
1042.
*■
-r
been
154,
sold.—V.
p.
.
:
v'
',r
v\%'" »*,, .V.."1
r
>
<<
Henry County Housing A uthority
(P. O. Kewanee), III.
,
Bonds Not Sold—E, A.
Schnei¬
Director, states
that sale of the $54,000 series A
bonds, scheduled for Dec. 10—
v.
154, p. 1250—was postponed.
der,
Executive
Madison
County
(P. O. Edwards-
ville), III.
which is
specifying the
will be given
constructior
1942. Denom
-
accrued
of about
Dec.
on
''
"
"
(P. O. Cambridge), Mass.
Not \ Sold—Daniel
Bonds i
1
F.'
Burns, Executive Director, states
that /salez-of the? $266,000 aeries ^A
bonds; which was scheduled for
of 1%. Bid¬ Dec: 10-r—V.v 154^ ,p. 1250—was'
der" may name one rate for part postponed.
1
'
of the bonds, and another for th<
Lawrence Housing »'Authority
balance of the issue, but not more
\
(P. O. Lawrence), Mass;
ithan.two rates' may be named ir
^Bonds Not Sold—James Hous¬
'any single' proposal.
Each bond
ton, Executive Director, reports
must bear a single rate of inter¬
that the proposed sale on Dec. 10,
est from its date of issue to dati
of $220,000 series A bonds—-v. 154,
ll^niatur^
p.1250—was postponed.
turirig in-any^ pne^^ serial^^ maturity
ples of J/4, or l/10th
*
'
*
Salem, Mass• ' >
bear the same
Note Sale—The $400;000 notes
int.'<J-J).pay¬
at .the County Treasurer'* offered" Dec. 11 were awarded to
office.
Registerable as to prin¬ the Second National Bank of Bos¬
city; The . city will' furnish the;
ton and the Boston Safe Deposit
approving opinion of Chapman & cipal only. ; Bonds will be de¬
&
Trust Co., jointly, at 0.42%
Cutler of Chicago.
A y certified livered to the purchaser in Balti¬
more
or
Salisbury,
without discount. Dated Dec. 12, 1941, and
check for 2% of the amount, ofcharge. Delivery elsewhere to be due $200,000 each on Sept. 1 and
the bonds bid for, is required. made at the expense of the pur¬ Oct. 1, 1942. The Merchants Na¬
:
KANSAS
fe'
: chaser. Legality ; of - the V bonds tional Bank of Boston, second
will.'be approved by Carroll E
high bidder, named a rate; of
<-,
;
Xopeka, Kansas ■ ; /
Bounds, County Attorney, and 0.47%,
Bond
Offering -r- Sealed
bids Niles, Barton,. Morrow & Yost of
Somerville, Mass.
will be received by M. P. Jones; Baltimore,
and
their opinions
Bond
Sale—The
$53,000 cou¬
Commissioner of ; Finance, until will
be
delivered
upon
re¬
pon bonds offered Dec. 9—v. 154,
10:30 a.m.,. on Dec,
16, for the quest to the purchaser withoul
p, 1420—were awarded to Tyler
purchase of $70,000 1% semi-ann, charge. A certified check for 5% & Co. of Boston, the only bidder,
coupon
public and civil works of the bonds, payable to. order of as
2s, at a price of 100.333, a basis
project, series 1941—502 borids^ the County Treasurer, is required. of about 1.93%. Sale consisted of:
Dated Dec. 15, 1941.. Denom. $1,- The issue of bonds is authorized
$18,000 funding bonds. Due Oct. 1,
000. Bids Will be received-at -the- by Chapter 340 of the Acts of the
as follows:
$4,000, from 1942
City Clerk's office.
Due- $7,000 General Assembly of Maryland
to 1944 incl., and $3,000 in
from Dec. 15, 1942 to 1951.
No passed at its January Session in
1945 and 1946.
bids for. less than par and accrued the year 1939 and also by proper
35,000 municipal relief bonds.
interest
will
be accepted. The proceedings duly had and taken
Due Oct. 1, as follows: $4,000
bonds will be printed by the city, by the County Commissioners of
from 1942 to 1946 incl,, and
registered by the State Auditor Wicomico County, particularly s
$3,000 from 1947 to 1951 incl.
and
adopted on Dec. 3
ready for delivery at any resolution
All of the bonds will be dated
bank in the city on Or prior to 1941.
Appropriate action for the
Oct. 1, 1941.
Dec. 24.
All shipping or handling issue of said bonds has also been
instalment
preference,- Prin, and int- (J-D)
rate.
payable at the - City Treasurer's
office. General obligations? of the able
must
Prin. .and
*
-
-
.
.
,
*
29
to
Receive
Reading—An ordinance au¬
Final
bonds
sewer
construction
receive final reading
15.
-V.
Dec.
on
of $300,000 in¬
will
tercepting
Attorney's fees must be
The city
a legal opinion.
attorney.
Whiting, Ind.
Ordinance
Bond
borne
will
Enclose
of
1940.
Dearborn Township
by the purchaser.
not
a
the
MASSACHUSETTS
furnish
certified check
for.2%"
bid
payable
amount
for,
Boston, Mass.
'
bonds
offered Dec. 11, full details of
which appeared in v. 154, p. 1420
-
to the
city.
KENTUCKY
Bond Sale—The $925,000
IOWA
•
Harrodsburg, Ky.
Issuance
Planned—It
»
Bond
Atlantic, Iowa
Bond
bids
15,
Offering—Sealed and oral
be received until Dec.
will
at
7:30
by Geo. H.
Clerk, for the
p.m.,
City
is
awarded to a group com¬
posed -of the: Union Securities
Corp., George B. Gibbons & Co..
reported that the ! city plans-'to
Inc., R.f D. White & Co., all of
issue
$40,000
street", and water New
York; .Stern, Wampler & Co.,
main improvement bonds.
Chicago, and Bond, Judge & Co.
of Boston, on a bid of 100.0699 for
Madisonville, KyxV. V* •••'
purchase of $15,000 sewer i
and purifying plant bonds.
•
,
-
pon
—v.
School District
(P. O. Dearborn),
No. 7
Bonds
were
$3,500,000 Alexander,
$4,500,000.—V. 154, p. 1250.
j
2.376%.'
Cambridge Housing Authority
interest.
Bond Issuance Canceled—It is $125,000 Huntington Ave. issue as
outlet
Dated stated by ' E. L. Claytor/ City 2s, $500,000 public ways construc¬
Pleasant Township (P. O. Ipava),
Nov. 1, 1941. Due Nov. 1, as .fol¬ Clerk, that the plan for-issuing tion as',.2%s, $100,000 bridge con¬
*
:
III.
lows: $1,000 in-1943, arid $2,000 in $300,000 water system borids has struction as 2s, and $200,000 sew¬
,•$
Bonds Sold—The $20,000 road
been- abandoned for the present. erage as 2s, making a net inter¬
1944 to 1950. Callable at the op¬
bonds authorized at an election
and
account com¬
receive sealed
,
ley Bridge, the cost of
estimated at between
better
lowest rate or rates
at the bond sale. An
Clerk-Treasurer, will
bids until 7:30 p.m. charges by any bank will be at taken by the Board of Education
Stoughton, Mass.
for the purchase of the expense of the purchaser. The of Wicomico County as required
Note Sale—The issue of $100,$4,500 3% coupon fire apparatus bonds are offered for sale sub¬ by the above Act of Assembly and 000 notes offered Dec.
9 was
bonds.
Dated
Dec.
15,
1941. ject to the rejection of the State the issue of said bonds pursuant awarded to R. L. Day & Co. of
Denom.
$500. Due $500 July 1, School Fund Commission which to the authority of said Act of
Boston, at 0.45% discount.
Dated
1945, and $500 Jan. 1 and July 1 is authorized by statute to pur¬ Assembly was
ratified by the Dec. 18, 1941, and due Nov. 13,
from 1946 to 1949 incl. Principal chase all municipal bonds issued
registered and qualified voters of 1942.
The
Merchants
National
and interest (J-J) payable at the at par and accrued interest. Pur¬ Wicomico
County, voting on a Bank of Boston, second high bid¬
Clerk-Treasurer's office.
No bid chase of bonds will be. subject to referendum of said Act of Assem¬
der, named a rate of 0.48%,
for less than par and accrued in¬ the approval of the bond tran¬ bly
at the general election in
terest will be considered.
script by the successful bidder's Wicomico County held on Nov. 5.
MICHIGAN
vester, City
thorizing an issue
}■ Considers Bond
Issue For
Bridge
Purchase—Norbut Holz,
Clerk of the Board of County
Commissioners, reported that the
Board was to meet on Dec. 11 to
consider a
resolution providing
for the issuance of bonds to fi¬
nance acquisition
of the McKin-
bids of par and 'accrued
or
and
-
Indianapolis Sanitary District, Ind.
Warrants
Sold — The
$40,000
bids were
A bonds, which was received on Dec. 1—v. 154, p. 1419
for Dec. 10—v. 154, p.
-were
subsequently sold to-a
series
000
ditions.
or
interest
Aside
associates,
the following
were
some of the other bids submitted
Notice oi
■redemption .will be given by pub¬
the "River. Road -Project.'^
as
Dated ^Dec. - 1, 194LvlAJl bids
shall' specify the rates of-interest
.
Purchaser shall be
furnish the printed and, all other things being equab
der's expense.
school
bonds. Dated Jan. 1,
and
nection with wtt&t; is known.
.
—
Corp.
interest series A oi !Chicago/offered 100.429 for $425,-
ing priv any interest payment date
dn and "after Jan. 1, 1952, at par
and extending oL a
opening
par
required
t
Bidder—
Mississippi
and accrued interest to,, the
dateu; of delivery < will be con¬
sidered, Legal- opinion of 9 Chap¬
man & Cutler of Chicago will .be
furnished' at 4;he; successful bid¬
;
county
tion works.^
50,000 grading bonds..Due '$10,^: lication in the manner prescribec
000 on' Dec. 1 in 1946 to 1950 by the resolution of the Board ol
inch jlssued for the purpose County Commissioners. .> Rate oi
of
defraying •" i the% cosfv./ of 'rates of interest to be in. multi¬
-■
Securities
Union
000 2s and $500,000 3s, a net cost
?of 2.314%; Halsey, Stuart & Co.,/
!$1,000. Duey Jan. 1, as follows
line.;;. Phelps, Fenn & Co., Inc.,
$4,000 from •' 1952 to 1955 inch Blair & Co., Otis & Co. and Robert,
'$7,000,' 1956 to 1959. inch;; $12,001 Hawkins &
Co., bid 100.109 for.
•iri i960, and $19,000 from
1961
$625,000 2V2s and $300,000 21/4s, a
[tb%1966 inch' The County Com¬ net cost of 2.351%; First Boston'
missioners; reserve the right t<
Corp., Estabrook & Co. and R. L.
/redeem all of the bonds Outstand¬
Day & Co., 101 for all 2^s, a basis;
constructing flood,'protec-
of
-
Bids—The
Other
4
i
For Bonds
Other Bids
the
Dec. 18, foi
posed of theJ Chase National Bank
purchasefof "$170,000 /not' tc' and the Northern Trust.: Co." of.
4940
.
refunding
urer of the city.- Bonds are direct
ment certificates,* at a - net inter¬
obligations of the city, payable
est cost of 3.097%.
.
—t
out of ad valorem taxes to be
/'.*•
'
"V;. *
' ''
/,/v
iv'
levied and collected upon all the
r
ILLINOIS
taxable property therein. No con¬
Belleville, III.
• ditional bids or bids far less than
revenue^
?
$33.
from the successful offer made by:
bids until 11 a.m., on
ithe
•
,
Bond
Messick,
President J of ;,Count>
Commissioners; will receive sealed
bri
.....
*
•
;
Proposal—We un¬
Nov. 1, as follows: $3,000 iri 1952
derstand
that
C.;' H.
Feeder, "...
Gary, Ind.
...
.
$15,000, 1953 and 1954, and'$9,900
Mayor, recently p'roposed a plan !,'• Bond Offering—John A. Sabo, in 1955. ^ ^ V
^
to
issue $325,000 certificates ori 1 City
Comptroller, will receive
vyWSioux
City+Jowal\
^butting property to be improved, sealed bids until 11 a.m., on Dec.
Bond; Offering — Sealed ' and
and to sell the certificates to local 19, for-the purchase of $75,000
open bids will be received until
not to exceed 3% interest coupon
Dec. 17, at 2 p.mv, by .C. A;,Carl¬
;«ity garage construction bonds of
•I?Pinellas County (P. O. Clear- "
11941, Dated Nov; 1, 1941. Denom. son, City Treasurer, /for -the ^pur¬
%?/.;!•'/ water), Fla.^f^tp&Pi,
chase of the following bonds^ ag¬
if Certificates
Sold—We under¬ i$l,00Q. Due May* 1,1958, Bidder gregating $150,000: &
to name a single rate of interest,
stand that B. J. Van Ingen & Co.;
$100,000' flood protections bonds.
expressed in a multiple of % of
©f New York," and Stifel,, Nico^
4 Due $20,000 on June 1' im 1953
1%.
Prin. and -int.-(M-N) pay¬
laus & Co. of St. Louis, jointly,\
to 1957. inclrt Issued for the
able at the office of the Treasurer
have
purchased $300,000* water*
% purpose of defraying the'Cost
of Lake County, ex-officio Treas¬
and -improve-;
Certificate
-
(P. O. Salisbury), 'Md. •
Offering — William
S.
Wicomico■, County
-
here
noted
V
v:V
•
Sold—The
Mich.
$185,000 cou¬
school bonds offered Oct. 20
.154, p. 643—were awarded
of Siler,
Sutherland
&
Co.,
both
of
Toledo, and
McDonald, Moore
& Hayes of:
Detroit,
on
a
bid of r 100.042
for $155,000
Is, due on April 1
from
1943
to
1946
incl., and
$30,000 0.75s, maturing in 1947,'
making a net interest cost
of
to.«
a
Roose
group
&
composed
Co.,
Ryan,
;
c.919%.
Detroit, Mich.
1
Offerings
Wanted—Charles
Oakman. City
G.*
Controller, will re-
Volume 154
"
Number 4019
FINANCIAL
HE COMMERCIAL &
ceive sealed offerings of approxi¬
clieck
tified
CHRONICLE
1475
for
$500, payable to Jan. 15, 1945 and on any interest
district, is required. payment date thereafter,' Thirty
5,500 2% funding bonds.
Due
mately $400,000 non-callable city order of the
t
$500 from Dec. 1, 1942 to 1952
for the city-xsinking fund, Bids shall be conditioned
upon days' notice of call for redemption
incl. ••.
Water Board
Division, uhtil, 10 the, unqualified opinions of - the: shall be given by mailing
notice] •Dated Dec, 1, 1941. ;
a.m.
(EST), on Dec. 17. Offer¬ purchaser's
attorney
approving to each agency at which these cer-'
ings shall be firm until 1 p.m. legality of the bonds.
Cost of tificates are payable and to the ^Missouri
the following day and shall show
opinion and of printing the bondsi holder;;: or
holders
thereof,
if St. Louis
County (P. 0* Clayton),
the purpose
of the bonds ten¬ to be paid for by the purchaser, known. For the
purpose of receiv
Mo.
dered, rate of interest, date of
ing such notice, the holder or
Bond
Suit Instituted—Suit
fl#.? *;■■?-■<">. OW0880, MichI* V."
to
maturity, the dollar value and
holders thereof may register his
Bond Sale—The $24,125 water
recover
$22,732 allegedly over^
the yield.
Offerings will be ac¬
or their
name, address and certifi¬
paid to two St. Louis brokerage
cepted on the basis of the highest supply system improvement bonds cate number with the State
Treas¬
offered Dec. 8—v. 154, p. 1251—
concerns
as"unauthorized
ex>net yield to the city as
computed
urer..., Such certificates may be
were awarded
to the State
.from the dollar price as of Dec.
Sav^ registered,, registration to be cer¬ penses" in the distribution of the
$2,600,000 Lindbergh Bridge bond
17.
No bonds maturing beyond irigs; Bank of Owosso, as 1 % s; >sit; tified
by the State Treasurer, and issue
a price of
was filed
in Circuit Court
100.02, a basis of about
1959 will be accepted and where
are subject to successive
registra* at
1.746%.
Dated
Jan.
2,, 1942,' and tions
Clayton recently. Defendants
bonds
purchased
are
delivered
and transfers at the option of
due
Jan.
named
are
2, as ^follows; $2,000
Bitting Jones & Co.
subsequent to Dec. 23, city re¬
the holder or holders.
Coupons, and G. H. Walker
from '. 1944 to
1946 incl.;, $3,000
serves
Co.; peti¬
the right to pay accrued
may be separated from the certi¬
from 1947 to 1951 incl., and $3,125
tioner is County Counselor Erinterest up > to that ; date
ficates
and
surrendered to
the
i\only^
win F. Vetter, acting ibr SL Louis
State Treasurer for cancellation
Ecorse
Bidder—.,Int. Rate Rate Bid
County.
U '
Township School District
in
bonds
the
township to retire in advance
maturity $18,000 4% general
refunding bonds, due on Dec. 1
of
.
from 1942 to-1948 incl.
The Com¬
t
.
■
mission
requested
data
more
on
availability of surpluses to meet
the obligations and
information
the attitude
on
the
of
the, holders of
indebtedness.
;
•
,
.
Fair
Lawn
Bonds
School
No. 9
(P. O. Allen Park), Mich:
wBond Offering—Lewis E. Mer-
ritt, Secretary of the Board of
Education, will * receive" sealed
bids
until
8
p.m.
15, for
the
coupon
refunding
(EST),
purchase
on
Straiiahaiv< Harris
■:
■
Inc;
First
&
.
Co.,
Michigan
Corp....>
i*
which
u
/'•.t'.vwir.' 100.541;
of
3
i.S.V'i
the interest will be
case
paid to the registered holder
100.152
order.
/ V<j.i i Jfc
Each
bidder
must
on
"
No. 8
W.tir
Dec.
School District one rate of interest to be borne
(PpO. VUndercook Lake)ffi by* the certificates, the rate to be
Mich.'.y
stipulated in any multiple of %
of
$218,000
bonds, as fol¬ Secretary of the Board of Educa^
tion, will receive sealed bids un¬
or.
1/10th
of
1%.
Prin.
montana
b v'JIVi'; rt
name
Summit *T own ship
'i-':,,■;
int.
bids
were
000
not
received for the
to
exceed
Bond
Sale
,
The
$61,633.23
refunding
•,
■
incl.
Bonds Nos. 1 to 168 inch
1943
154,
tled
1279—due
p.
market
:
K
Bond
Call—Theodore
in
unset¬
later date.
<
Dec.
1,
1952,;
as
and
follows:; $108,000
$16,000
Other bids:
Bidder—
M.
M.
in
•/"
r •.
-
1953.
Z: ■ '■■.) '1
int. Rate
Freeman
Campbell,
&
Phelps
CO..,;../
&
Co...,.
Rate Bid
23,4%
100.10
S
100.27
.
Linden, N. J.
Bond
pon
'
H.
a
Irvington, N. /. ^
Bond Sale—The
$124,000 series
C coupon or registered
refunding
bonds offered Dec. 9—v.
154, p.
■
Lincoln, Neb.
/
'
to
conditions.Bonds
will be re-offered at
to -1945
incl.;. $8,000, 1946;- hid for less than all of said issue
will not be callable
prior to $9,000 in 1947, and $10,000 in 1948 or offering less than par and ac¬
maturity. Bonds Nos. 169 to and 1949, Bonds Nos. 1 to 48 inch; crued interest to date of delivery
188
are
Bonds Nos. ; 49 will be accepted.
callable in inverse are not callable.
These certifi¬
$250,-
interest
construction bonds offered Dec. 9
—v.
due
.
'
6%
pel. & Co. of Newark, 2%s, at a
price of 100.51, a basis of about
2.70%. Dated Dec. -1, 1939, and
.
semi-ann,
J.
1279—were awarded to J; S.
Rip-
Valley County School District No.
.( ,1*(P. O. Glasgow), Mont. \\
bonds
of¬
payable- 'in- lawful money at the fered for sale on Dec. 9—v. 154,
lows:
State Treasurer's office, or at the p. *1098—were
awarded
to, the
$188,000 series 1
bonds.
Due til 7:30 p.m. (EST), on Dec. 15, fiscal agency of the State in New Northwestern National Bank &
for the purchase qf
'1' May" 1/ as follows;
$58,000 yCbuP York or St. Paul. The certificates Trust Co.-of Minneapolis/as l^s,
$7,000
;
from 1943 •• to -••1946 incl.; $5r pon 1941 refunding bonds. .Dated. will -be bearer certificates
regis- according to the District Clerk.
Dec. 1, 1941. Denom. $1,000.' Due ter^ble^
000'in- 1947
and
1948, and
as
•:
$10,000
from
1949 'to
1963 May I;? asri.'idllowaii^.-:"4^T^0b0.v''^TOiti' to both principal and interest. No
neb raska • a r
s'
and
N.
Not
Sold-t-Harry Bafr,
Clerk, - reports ' that no
District
...
r
District,
Dec.
Berg,
Cit^;Clerk/;callS::for;:;payiiieiit';;'<)n':
Sale—^The
11—v.
154,
V};
$448,000
registered
or
bonds
p.
cou^'
offered
1309—were
awarded to the Linden Trust
Co.,'
Jan. 1, 1942, the following bonds: Linden, as 2V2s, at 100.025, a basis
order, at par and to 58 incl., are callable in inverse cates ;will :be issued pursuant ;tp
of about 2.496%. Sale consisted of:
$60,000 Nos. 101- to' 110, -4%%
accrued interest, on 30 days' numerical order, at par and ac¬ the
authority contained in Lawsgeneral
refunding bonds issued by $337,000
improvement
published notice, on any one crued: inter est,: on 30 days' pub¬ of Minnesota 1941, Chapter 463,
bonds.
Dud on Dec. 1 from
■the
Village
of
Bethany
lished notice on
or
more
interest
numerical
r
for
the
purpose
of providing
Heights, now annexed by the
money
to
pay
maturing, valid
city, which has assumed in*
May 1, 1943. Bonds will bear? principal and interest obligations
debtedness
of
said
village.
at
a
rate
or
maturing
in
1962, on
and interest
rates, of the /State; issued by said De?Dated Jan. 1, 1926.
Denom.
after May 1, 1946; 179 to 188 expressed in multiples of % of
partment of Rural Credit.
These
$500, Due Jan, 1, 1946.
not
inch, due in 1963, on and 1%,
are
tax
exceeding
1^%
per certificates
anticipation
1,500,000 series A* B and C, at
annum
after May 1, 1944, '
to and including Nov..
1, obligations, payable solely out of
5% and series D at 4%%.
30,000
series 2
bonds.
Due 1945,
and
not
exceeding
3% collections of taxes levied and di¬
Dated Jan. 1,1932. Due Jan.
May 1, as follows: $8,000 in thereafter. Prin. and int. (M-N) rected to be collected by Laws
1, 1943," Interest ceases on
at
the
Jackson
1942; $3,000 from 1943 to 1946 payable
City of Minnesota; 1941, Chapter 463
; - date called.
'
inch, and $5,000 in 1947 and Bank & Trust Co., Jackson. A Section 2; The printed certificates
certified check for $1,200, pay* will .be ^furnished without cost to
f
1948.^>:i^'v^,^^^;^ ;
new hampshire
All of the bonds will be dated able to order of the district, is the purchaser. All bids are to be
Dec.
15,
1941. Denom.
: Berlin,
$1,000. required. These bonds will be the Subject to ^approval of legality of
N. H.
They will bear interest at a rate general obligations of said school the certificates by Thomson, Wood i Bond Sale—rLeo J. Campagna,
rates;(expressed in multiples district which is authorized and &rHoffman/sof New York, whose City Treasurer, reports that an
of V4 of 1% not exceeding lxk% required by
law; to levy upon all unqualified
approving
opinion issue of $90,000 public improve¬
payment
dates
ing
and after the follow¬
on
dates:
Nos.
169
to
178.
any one or more
interest
dates
payment
on ;
and
after
.
.
■
1942
111,000
on
to
annum
to
Nov,
1,- 1943, and
3%% thereafter.
Prin. and int.
£ <M-N)5payableattheMahufac*
turers National Bank of Detroit;
the
the taxable property therein such
ad valorem taxes as may be nec¬
essary
est
will
tified
bank
or
Ecorse
Savings
trust company
tisymedi by I
Paddock
check
to the State
as
Bank,: to rate or amount. Bids shall be
Ecorse, at the option of the sev¬ conditioned uponthe unquali¬
eral holders
thereof, or at any! fied opinion of Miller, Canfield,
at
or
furnished
without;-charge.
to pay the bonds and inter¬
thereon, without limitation
be
;
-
f
for $54,000, payable ford, as 21/4s, at a price of 100.56.
Second high
Treasurer.
bid of 100.76 for
V Mountain
Bond Sale
corder
and
purchaser ment bonds was awarded Dec. 8,
Enclose a cer¬ to F. W. .Home & Co. of Hart¬
the
2%s
Iron, Minn.
—
The Village Re¬
states; that
-
the
$46,000
Stone, attorneys.
semi-ann. refunding bonds offered
the district as a successor* paying! Detroit, approving the legality of
for sale on.Dec. 8—v; 154, p. 1308.
the
bonds.
The cost of such opin¬
agent, provided that one of such
paying agents must at all times ion and of printing the bonds will ^were "piicchased by1 Kalman 8c
be a responsible bank or trust be; paid by the School District. Cd^f'Mihlieapolis. Dated Dec. 15,
in Detroit. The bonds Bonds will be delivered at a bank
are general obligations of the dis¬
iny Jackson,-,. Detroit or Chicago,vi- St.'paul,
Minn.
trict, which> is authorized, and re* designated by the purch^serv.
;Bond;r0ffering—Sealed bids
quired by law to levy upon* all
will, be received until Dec. 30, by
taxable property therein such ad
minnesota,
the City Clerk, for the purchase*
valorem taxes as may be neces¬
of- $146,000
relief bonds,' it is
Lamherton,
Minn.
sary to pay the bonds and interest
5
r
Bonds Sold
We understand stated. thereon, without limitation as to
company
'
•
—
rate
or
amount.
A certified check
that
the
.
Farmers
State Bank, of
&
was the
$10,000 3%
conditioned upon the unqualified
opinion of Claude H. Stevens of
refunding bonds, at
par.
rially^ one to 10
Bedeen^- City Clerk/
payment date
able
on
for
Due
Jackson, Miss.
se¬
Bonds
years;
interest
any
.
mississippi
Lamberton,
successful
bidder
-
Merchants
for $4,360, payable to order of the
district, is required. Bids shall be
Not
made by C. F. Childs &
Co. of New York.
was
Sold—F.
B.
Alired;
incl.; '
Dec. 1 from
bonds.
Due
1943 to
1947
incl.
All of the bonds will be datecl
Dec.
1, 1941. An account x com¬
posed of Shields^ & C04; Julius A], ;
Rippel, Inc., H. B. Boland & Co.,
Ira Haupt &
Co., and J. S. Rippel
& Co., was second
high in the
bidding, offering a price of 100.81
for $445,000 23/4S.
Colyer, Robin¬
son
& Co.,
Newark, bid 100.555
for $446,000
23/4s, and M. M. Free¬
man &
Co., offered to pay 100.21
for $448,000 2%s.
<
.
•
,
per
1957
assessment
,,
t
Newark Housing
Authority (P. O,
: Ne wark),
N. J. r'"'!
Bonds Not
.
Sold—N«il;J^Ccm4:
Secretary, reports that
very,
proposed
the
sale
on Dec.
10 of $1,920,000 series A bonds—v. 154, p.
1279—was postponed.
new jersey
Asbury Park, N. J.
Court
To
-
Determine
Rate On Judgment
been set
as
—
Interest
Dec. 16 has
the date for the hear¬
Pennsauken Township (P. O. • >
Pennsauken), N. J.
*
Bond Offering—Robert V. Pea-
body,
ceive
Township
Clerk,
will
re¬
sealed
bids until 8:15
p.m.,
ing in Federal Court at Trenton, on Dec.
22, for the purchase of
on the
request, of
icityv fbr de^ $30,000 not to exceed
6% inter¬
termination of the rate of interest
to be paid on a judgment of
est
coupon
or
registered
relief
$671,- bonds of 1941. Dated Dec.
1, 1941.
000, according to report. Funds to Denom.
$1,000.
Due $6,000
on
cover the maximum
possible claim Feb. 1 from 1942 to
1946 incl.
have been placed in trust to meet
Bidder to name a
single' rate of
the obligation.—v, 154, p. 1309.
interest, expressed in a multiple
of V\ or l/10th of
Cedar Grove Township (P, O.
1%. Prin. and
int. (F-A) payable at the
Cedar Grove),TN* 7,
Penn¬
Bond Offering—John,
H.
Mon¬
roe, Township Clerk, will receive
states that the fol¬
sealed bids until 8 p.m. on Dec. 22
lowing not to exceed 6% semifor
the purchase ot $23,000 not to
ann.
bonds offered on- Dec. 6—
sauken
North
Township National Bank,
Merchantville,
or
at
the
Philadelphia National Bank, Phil¬
Berry & Stevens, of Detroit, ap¬
at par.'
adelphia.
Each
proving legality of the bonds.
proposal
must
state
the *! amount
exceed
6% interest coupon or regbid .v for
Cost of opinion and of printing
Minnesota (State of)
the
v.
r
154^ p. 1278—were. not. sold as i s
t
e
r
e
d
bonds,
which
shall
the bonds will be paid by the
be
not
Certificate Offering—George C. ail the bids were^
general
improvement
less
jected:
bonds. Dated Dec. 1, 1941. Denom. than $30,000 nor more than
district. Bonds will be delivered Jones, Conservator of Rural Cred¬
$31,$63,500 street intersection bonds..
at Detroit.
$1,000. Due Dec. 1 as follows: $2,- 000. A certified check for $600,
„..
it; -states, that
'Due qn Jan. 1 in 1943 to
.1952.] 000 from 1942 to 1948 inch arid payable to order of the
sealed bids at his off ice, 2561 Uni¬
township,
48j500 street improvement bonds,
North Muskegon City School Dis¬
is
required.
Legal V opinion
versity Ave., St. Paul, until 2 p.m. v
of
Due on Jan. 1 in 1943 to 1952. $3,000 from 1949 to 1951 incl. Bid¬
trict (P. O. North Muskegon),
der to name a single rate of in¬ Hawkins, Delafield &
on Jan.
Longfellow
5, for the purchase of a
6,500 water works bonds. Due
Mich.
of New York
terest, expressed In a multiple of
City will be fur¬
$2,700,000 issue of Rural Credit
on Jan. 1 in 1943 to 1948.
Bond
*4 or l/10th of 1%. Principal and nished the successful bidder.
Offering—T.
H.
Leaf- Deficiency Fund certificates of
The highest bids received were
interest
strand, Secretary of the Board of indebtedness.
(J-D)
payable at the
;
,
f offers of 100.057 and
Sea Bright, N. J.
100.01, both
Dated Jan. 15,1942. Denom.
Township Treasurer's office.
Education, will receive sealed
A
$1,- for 2% bonds.
Bond
Offering — E.
Wolcott
bids until 4 p.m. (EST), on Dec. 000. Due $675,000 Jan. 15 and
certified
check
for 2%
of the
July
amount of bonds bid for, payable Fary, Borough Clerk, will receive
15, for the purchase of $19,920 15, 1948 and 1949. The certificates
Starkville, Miss.,
sealed bids until 8
p.m., on Dec.
Bonds
Sold—The
coupon school bonds.
Dated Dec. of this series maturing in 1948 and
City Clerk to order of the Township Treasur¬
18, for the purchase of $43,000
15,1941. Due April 1, as follows: 1949 constitute a first and prior states that the following bonds er, is required.. Legal opinion of
not to exceed 6%
interest cou¬
$3,920 in 1943, and" $4,000 from lien and charge upon 100% of rthe aggregating. $19,350, were pur¬ Caldwell & Raymond of New
pon
or
registered
1944 to 1947 inch; One bond for $1,500,000
refunding
levy to be extended chased on Dec. 2 at par, by M. A. York City will be furnished the bonds.
Dated Nov. 1, 1941. Denom.
$920, others $1,000 each. Bidder upon the tax rolls of the State for Saunders & Co. of Memphis:
u
i successful bidder.' *' «* :
$1,000.
Due
Nov.
1,
as
follows:
to name rate or rates of interest: the years 1946 and
/ bond^. Evesham
1947, respect¬ $13]8§p;
Township' (Pi O* Marl" $5,000 in 1954 and 1955;
not exceeding 3%, in multiples of ively,, to the extent
$4,000
Due v,on Dec.;. 1, as follows: r.> i"V-.
necessary
:
ton), N. J.
i. from 1956 to 1962 incl., and
$5,000
% of 1%. Prin. and int. (A-O) the- payment; of
the; principal
\ $350
in; 1946; $500, .1947 to
Would Retire Bonds Now—The in 1963. Bidder to
name a
single
payable rat the Hackley Union thereof, respectively,, said certifi- tox 1957;-ahd ,$1,000 .in., J958; to State
rate
of
Funding Commission re¬
interest, expressed' in a
National Bank, Muskegon. A cer- cates to be redeemable at
1965.
par on
cently considered a proposal of multiple of 1/4 or l/10th of
1%.
,
.
•
.
,,
.
-
•
•
■■
.
.,
,,
.
.
s.
■
.
r
.
and Financial Clironicle-{Reg. tT, STPatent
'pffice) ;Willlam B. iDana Company,.Pubiishers, 25 Spruce Street, New York, BEekman 3-3341.' Herbert D.
Seibert, Editor and Publisher.
Frederick W. Jones, Managing Editor, WllliamJana Seibert, President, William D.
Riggs, Business. Manager/ Published three times a week
I every Thursday (general news and advertising
issue) with statistical issues on Tuesday and Saturday),
Other offices: Chicago—In, charge of Fred H. Gray, Westfern. Representative, Field
Building (Telephone State 0613),
& Smith, 1 Drapers' Gardens, London, E.C. .Copyright 1941 by William B. Dana
London—Edwards
Company. Reentered as second-class matter September 12,
1941, at the post office at New York, N. Y
the Act of March 3, 1879. ■ Subscriptions in United States and
under
Possessions/$36.00 rpefr year,":$15.00 for 6 months; in Dominion of
Canada, $27.50 per year, $15.75 for 6 months.
South and Cen¬
tral America, Spain, Mexico and Cuba, $29.50 per year, $16.75 for 6
months;- Great Britain, Continental-Europe (except
Spain), Asia, Australia and Africa, $31.00 per year, $17.50 for 6 month*
NOTE: On account of the fluctuations in the rates of exchange;: remittances for
foreign subscriptions and advertisements must be made in New York
funds.
Commercial
'
COMMERCIAL & FINANCIAL
THE
1476
trtManiM
,,
Prin. and int. (M-N) payable at
the
Sea Bright- National ,fBank,
(A-O) payable at . the
Supervisor's office, with
int.
and
Town
for the
purchase of $65,000 not. to
exceed 5%, interest coupon-,or reg¬
istered Florence Creek refunding
New York exchange.c The bonds
Each proposal must
are
general obligations of the (water) bonds. Dated Dec. 1, 1941.
state, the
amount ,bid ; for the
Denom. $1,000. Due June 1 as fol¬
town,
payable from unlimited
bonds, which shall be not less
lows: $10,000 from 1947 to .1952
taxes.
A certified check for $845,
than $43,000 nor more than $44,incl. and $5,000 in 1953. Bidder to
payable to order of the town, is
000.
These bonds are part of an
name a single rate of interest,.ex¬
authorized issue of $80,000.
A required. Legal opinion of Dil¬ pressed in a multiple-• ofor
lon, Vandewater & Moore of New
; certified check for $860, payable York
l/10th of 1%. Principal and inter¬
City will be furnished the
to order of the borough, is re¬
est (J-D) payable at the Chase
successful bidder.
In the event
Bright.
Sea
quired. Approving legal opinion
of Hawkins, Delafield & Long¬
fellow of New York City will be
prior to the delivery
that
of the
Saturday, December 13, 1941
CHRONICLE
National Bank of New York City.
awarded to R. S. Dickson &
Co. of
bonds will be awarded to the
der offering to
$80,000 as 4s,! due $5,000 from
April 1 1944 to 1959, the remain¬
ing $8,000 as 33/4S, due on April 1,
by deducting the total
$5,000 in 1960 and $3,000;in
'!
196L
at
bid¬
purchase the bon'ds
the lowest interest cost to the;
Charlotte, at a price of ; 100:012; .a
net interest cost of about 3.96%,
on the bonds
divided as follows:
determined
amount of
the premium bid from the aggre¬
gate amount > of interest upon all
town, such cost to be
of the bonds until their
maturities.
:
respective /
No* bid of less than
Carthage, N. C."
par and accrued interest will be
1;/
Bond Offeringrr-Sealed bids will, entertained.
received by W. E. Easterling,. i; Bids must be accompanied by a
Secretary of the Local Govern¬ certified check upon an incorpo¬
;
be
received -+ by The bonds are general obligations ment Commission, at his office in rated bank or trust company, pay¬
of the city, payable from unlim¬
private holders ; from bonds of
Raleigh, until 11/ a.m. (EST) on able unconditionally to the order
furnished the successful bidder.
the
same
type
and character ited taxes. • A certified check for Dec. .16, for the. purchase of $30,- of /the State Treasurer for $700.
West Orange, N. J.
shall be taxable by the terms of $1,300, payable to order of the 000' -Water, and sewer, refunding The:
right to reject all bids is re-^
city, must accompany each r pro¬
bonds. Dated Dec. ,1, >1941,
Due served. The approving opinioii 'of
V,
Bond Offering—Ronald C. Af¬ any Federal income tax law, the
Legal} opinion of Dillon, June
bidder
may,
.at; his posal.
ford, Town Clerk, will receive successful
1, as follows: $1,000 in 1945 Storey^/ Thorndike///Palmer
Vandewater
&
Moore -of
New
to 1952, $2,000 in 1953 to 1957,. and Dodge, Boston, Mass,/ wil be fursealed bids until 8:15 p.m., on election, be relieved of his obli¬
York City will be furnished the
Jan. 6, for the purchase of $110,- gations under the contract to pur¬
$3,000 1958 to 1961, all incl., with¬ riished: the purchaser^ ; ^
successful bidder,- In the event
000 not to exceed 6%
interest chase the bonds and in such case
out,. optioh. ;of
prior V paymeht. ;: In the event that prior' to the !
the
deposit
accompanying his that prior fo the delivery bf - the There will Jbe.no auction^ .Denom,- delivery of the bonds the income "
coupon or registered series C re¬
bonds the-incom^ received: by
bid
will
be
returned.!
,
.
, ,
funding bonds,Dated Feb. If 1940.
$1,000; prin! and inter. (J-D) pay¬ received by private holders from
private holders from bonds of the
Denom. $1,000.
Due $11,000 on
able/; ip /lawful /money, in New bonds of the same type and char¬
Clymer, Harmony and French
same type and character shall be
York City; coupon bonds register- acter
shall
be taxable by/the
Aug. 1 from 1952 to 1961 .■ incl.
Creeh Central School District< "
taxable by the terms of- any Fed¬
terms of any Federal income tax
able
as to -principal only; general
Bidder to name, a single rate of
No. 1 (P. O: Clymer), N. 'Y. | ; eral income tax law, the success¬
interest, expressed in a multiple
Bond
Offering — Ralph
A. ful bidder may, at his election^ be obligations; unlimited tax; deliv¬ law, the successful bidder may at
of V\ of 1%. Prin. and int. (F-A)
ery at .place of purchaser's choice. his election be relieved of his ob¬
Thompson,
District Clerk, will relieved of his obligations under
Bidders are requested to name ligations
under: the contract 'to
payable at the. First; National receive sealed bids until 3:30 p.m. the contract to
purchase the bonds
Bank,'[West Orange, or at the
t^i interest rate Or^rates,1 not ek-. purchase the .bonds and, in s.uch
(EST),
on Dec! 15, for the pur¬ and in such case the deposit ac¬
Chase National Bank, New York
ceeding 6% per anum in multiples case, the deposit accompanying his
chase of $18,000 not to exceed companying his bid will' be re¬
of % of 1%>
City/ Each proposal must state
Each bid may name bid will be returned.'';' *
•
•• 1
• ••'' *
6% interest coupon or registered turned.
r-/.'•; : i
1
the amount bid for the bonds,
?
Oi|e^rate^ for^ part^qf the/ bonds
school building bonds. Dated Dec.
^
^
Raleigh, N. C, .
[which shall be not less than $110,Rensselaer County: (P,O..Troy), (having the -earliest maturities)
1, 1941. Denom. $1,000. Due $1,Bond Sale.—?■ /The coupon semiand another, rate; -for the< balance,;
j)00 nor more than $111,000. A
000 on Dec. 1 from 1942 to 1959
ann.
bonds aggregating $145,000, tcertified check for $2,200, pay¬
but no bid- rnay name • more than;
Bond Offering •— As previously
incl.
Bidder to name a single
offered for sale on Dec. 9—v. 154,
able to order of the town, must
twp rates, and. each >bidder must
rate of interest, expressed in a indicated in w 154, p. 1422, Avery
accompany each proposal.
Legal
specify in his bid the amount of p. 1310-r-were awarded to R. S.
multiple of
or l/10th .of. 1 %. G. Hall, County Treasurer * will
bonds of each rate. The bonds will Dickson & Co. of Charlotte, at a
opinion of Hawkins, Delafield &
Prin. and int. (J-D) payable at receive sealed bids until 11 a.m.
be awarded to the bidder offer¬ price of 100.026, a net interest cost
Longfellow of New York City
the Clymer State Bank, Clymer. (EST) on Dec. 17 for the purchase
of about 2.46%, on the bonds di¬
will be furnished the successful
ing to purchase the bonds at the
District is
authorized and re¬ of $979,000 not to exceed 5% in¬
1
lowest interest cost to the town, vided as follows:
bidder.'
terest coupon or registered.bonds,
quired by law to levy on all tax¬
such cost to be determined by de¬ $45,000 land purchase bonds as
divided
as
follows:
able
property therein such ad
Wood-Ridge, N. J.
2JAs. Due on Dec. 1 in 1944 to
ducting the ' total amount • of the
+
Bond Offering — C. J. Gwinn, valorem taxes as may be neces¬ $835,000 series B funding bonds.
1952.
^
Due Jan. 1 as follows: $40,000 premium bid from the aggregate
•Borough Clerk, will receive sary to pay the bonds and inter¬
Due on
amount of interest upon all of the 100,000 refunding bonds.
in 1943; $45,000, 1944; $50,000,
est
thereon
without
limitation
as
'sealed bids until 8:15 p.m. on Dec.
Dec. 1 in 1953 to 1961.
bonds until their respective ma¬
1945 to 1947 incl. and $60,000
Legal opin¬
19 for the purchase of $70,000 not to rate or amount.
turities.
No bid of less than par
Wilmington, N. C.
from 1948 to 1957 incl. Pur¬
to exceed 6% interest coupon or ion of Reed, Hoyt, Washburn &
and accrued Interest will be en¬
Bond Offering — Sealed bids
pose of the issue is to provide
Clay
of
New
York
City
will
be
^registered bonds, divided as fol¬
tertained.
for
payment of outstanding
will be received by W, E. Easterfurnished the successful bidder.
lows:
Bids must be accompanied by a
certificates of indebtedness.
ling^ Secretary of the Local Gov¬
$57,000 sewer bonds. Due Dec. 1 A certified check for $360, pay¬
certified check upori an' incorpo¬
144,000
series
23
highway
bonds.
ernment Commission, at his office
able to order of the Board of
as follows: $1,500 in 1942 and
rated bank or trust company, pay¬
Due July 1 as follows: $7,000
in Raleigh, until 11 a.m. (EST),
1943 and $2,000 from 1944 to Education, must accompany the
able unconditionally to the order
in 1942 and 1943, and $10,000
•'
on
Dec. 16} for the purchase of
bid.
'
1970 incl.
of the State Treasurer for $600.
from 1944 to 1956 incl.
bonds aggregating $177,000, dated
13,000 sewer assessment bonds.
The right to reject all bids is re¬
Hempstead Union Free School
All of the bonds will be dated
Jan. 1,
Due Dec. 1 as follows: $1,500
1942, and maturing on
served. The approving opinion of
District No. 17 (P. O. Franklin
Jan. 1, 1942. Denom. $1,000. Bidder
Jan. 1; in the years hereinafter
from 1943 to 1948 incl. and
Square), N. Y.
Reed,
Hoyt,
Washburn
&
Clay;
to name a single rate of interest
stated, without option of prior
$1,000 from 1949 to 1952 incl.
Bond Offering — William B. for all of the bonds, expressed in New York City,' will be furnished
All of the bonds will be dated
payment:
the purchaser.
Bryan,
District
Clerk,
will
receive
a multiple of % or 1/10th of 1 %.
Dec. 1, 1941.
$17,000 water works extension
Denoms. $1,000 and
In the event that pTior to the
sealed bids until 3 p.m. on Dec. 18 Principal and interest (J-J) pay¬
bonds,
maturing
annually,
$500. Bids must be made on the
for the purchase of $40,000 not to able at the National City Bank, delivery of the bonds the income
$1,000 1945 to 1961, incl.
basis of the bonds constituting a
exceed 6 % interest coupon or reg¬ in Troy, with New York exchange. received by private holders from
160,000 street improvement bonds,
.single issue.
Bidder to name a
istered series 2 building bonds of The bonds are general obligations bonds of the same type and char¬
maturing
annually,
$6,000
single rate of interest, expressed
shall be
taxable by the
1941. Dated Dec. 1, 1941. Denom. of the county, payable from un¬ acter
J945 to 1950, incl., $9,000 19$1,
in a multiple of
or l/10th of 1%.
terms of any Federal income tax
$1,000. Due June 1 as follows: limited taxes.... A certified check
//$10,000 1952 to 1955, incl. and
Principal and interest (J-D) pay¬
$2,000 from 1943 to 1954 incl. and for $]$,58Q,!!^
<>rder of law, the successful bidder may, at
able at the Wood-Ridge National
$15,000 1956 to 1960, incl.
his election be relieved of his ob¬
$1,000 froin .1955 to ,1970 incl. Bid¬ the county, must aocpmpany each
Denom. $1,000/ priii,'*' and int.
Bank, Wood-Ridge. The price for
ligations under the contract to
der to name a single rate of in¬
proposal. Approving legal opinion
which the bonds may be sold can-;
(J-J), payable in New York City
terest, expressed in a multiple of of Dillon, Vandewater & Moore purchase the bonds and, in such
not exceed $71,000. The bonds are
the deposit accompanying in/legal tender; general obliga¬
*4
or l/10th of 1%. Principal and of New York City will be furn¬ case,
unlimited tax obligations of the
tions; unlimited tax; coupon bonds
interest
(J-D)
payable at the ished the successful bidder.
In his bid will be returned.
borough and the approving legal
registerable as to principal alone;
Franklin Square National Bank, the event that prior to the deliv¬
Conover.
,N.
C.
•/
i
opinion of Reed, Hoyt, Washburn
delivery on or about Jan. 5, at
Franklin Square, or at the Central ery of the bonds the income re¬
& Clay of New York City will be
Bond Sale—The $2(j,000 coupon place of purchaser's choice. There
Hanover Bank & Trust Co., New ceived by private holders from
furnished the successful bidder. A
semi-ann. water and sewer bonds will be no auction.
York City." The bonds are unlim¬ bonds of the same type and char¬
offered for sale on Dec. 9—v. 154,
A separate bid for each issue
[certified check for $1,400, payable ited tax obligations of the district
acter
shall be taxable
by the p. 1364—were awarded to R. S.
to order of the borough, is re¬
(not less than par and accrued
and the approving legal opinion terms of any Federal income tax
Dickson & Co. of Charlotte, pay¬ interest) is required. Bidders arc
quired.
of Hawkins, Delafield & Long¬
law, the successful bidder may, ing a
pried of 100,013; a net inter¬ requested to name the interest
fellow of New York City will be at his election, be relieved of his
NEW MEXICO
est cost of about 3.65%, on the rate or rates, not exceeding 6% in
furnished the successful bidder. obligations under the contract to
bonds divided as follows: $15,000 multiples of *4 Of 1%; each bid
Tucumcari, N. Mex.
A certified check for $800, pay¬ purchase the bonds and in such
as 3%s, due $1,000 from Nov. 1,
may name one rate for part of
Bonds Sold—J. M. Stark, City able to order of the Board of Edu¬
case the deposit accompanying his
1944 to 1958, and $5,000 as 3 Vzs, the bonds of any issue (having
.Clerk, states that Brown; Schless- cation, is required.
bid will be returned.
due $1,000 from Nov. 1, 1959 to the earliest maturities) and an¬
jman, Owen & Co., of Denver,
Niagara Falls, N. Y.
Suffolk County (P. O. Riverhead), 1963.
other rate for the balance/ but no
have
purchased $475,000 2%%
income
the
bonds
.
•
'
r
#
.
l(
•
;
>
...
.
and
light plant revenue re¬
bonds. Due in 1943 to
3%
Bond Sale—The
Bond
'
consisted of:
(P. O. Patchogue),
N.
'
or
229, a basis of about 1.96%.
NEW YORK
Brookhaven
Due Jan. 1
-
Y.
Offering
—
from
Andrew
D.
Havens, Town Clerk, will receive
sealed bids until 11 a.m., on Dec.
exceed
5%
$16,204 public works bonds. One
bond for. $204, others $1,000
each. Due Oct. 15, as follows:
$4,204
from
in
1942,
1943 to
and
$4,000
1945 incl.
and
1943
in
interest coupon or
registered bonds, as follows:
as
to
1943
water
B
bonds.
follows: $9,000
1948 incl. and
$13,000 from 1949 to 1954 incl.
331,000 series D sewer bonds.
Due Jan. 1 as follows: $20,000
17, for the purchase of $42,204 not
to
Bale
k
series
$132,000
1945 and
N.
$463,000 coupon
registered bonds offered Dec. 8
1956, callable at a price of 103 —v. 154, p. 1364—were awarded
to
the Harris Trust & Savings
for first five years, 102 for next
five years and at par thereafter. Bank of New York, as 2s, at 100.funding
1944;
$21,000 in
$30,000 from 1946 to
Y.
Granite Falls, N. C.
$450,000 coupon
Bond Offering — Sealed bids
or
registered general refunding will be received by W. E. Easterbonds offered Dec. 10 ^ y! 154, ling, Secretary -of the Local Govt
p. 1364 — were awarded to the ernment Commission, at his office
Harris Trust & Savings Bank of in Raleigh, until 11 a.m. (EST) on
New York, as 2.20s, at a price of Dec. 16, for the purchase of $35,100.429, a basis of about 2.15%. 000
waterworks
bonds.
Dated
Dated Jan. 1, 1942 and due Jan. 1 Dec. 1, 1941.
Due Dec. 1, $1,000,
as follows:
$25,000, 1946 to 1951 1944 to 1954 and $2,000, 1955 to
incl.; $50,000, 1952 to 1955 incl. 1966, all incl., without option of
and $100,000 in 1956.
Other bids prior payment. There will be no
were as follows:
j
auction. Denom. $1,000; prin. and
Bidder—
'
' ■
Int. Rate Rate Bid int.
(J-D)
payable
in lawful
Halsey, Stuart & Co., Inc.,
100.355 "
money in New York City; coupon
and Blair & Co., Inc.....
2.20%
Estabrook
&
Co.,
Phelps,"
bonds
not registerable;
general
Fenn
&
Co.,
Inc.,
and •
100.32
Roosevelt & Weigold, Inc.
2.20
obligations; unlimited tax; deliv¬
100.17
Nat'l City Bank of N. Y...
2.20
100.09
ery
at
place
of
purchaser's
choice.
Chase Nat'l Bank of N. Y.
2.25
Bond Sale—The
,
.y.fip 1954 incl.
Dec.
.
of the bonds
All
Other bids:
1, 1941.
int. Rate
Bidder—
.
Rate Bid
Trust Co. of Buffalo,
Marine
R.
will be dated
White
D.
& Co.
J. Van Ingen
R.
D.
White
&
Co
100.585
2.40
Gibbons & Co.,
...
Manufacturers
&
;
'
Traders
Trust' Co.,. Buf-- '
falo, Eldredge & Co. and
. ..
Bacon, Stevenson & Co...
2.40
George
and B.
B.
Inc.,
100.17
& Co., Inc..,
..
,
26,000 home relief bonds; Denom.
$1,000. Due April 15, as fol¬
lows: $2,000 in 1943, and $3,000 from 1944 to -1951 incl.
.
Blair
Co.,
Inc.,
Manufac¬
& Traders
Trust Co.
Co.,
&
turers
and
George
Inc.
and
Gibbons
&
....i-.»,
2.20
NORTH
&
CAROLINA
100.28
may
name
more
than two
issue, and each bid¬
specify in his bid the
amount of the bonds of each rate.
rates for any
der/must
The bonds will be
awarded to the
offering to purchase the
bonds at the lowest interest cost
bidder
^
such cost to be de¬
termined by deducting the total
amount of the premium bid from
the
to
city,
aggregate amount
all of the bonds
respective maturities.
the
upon
Bids
must
of interest
until their
,
be on a form
to be
with additional infor¬
mation and must be accompanied
furnished
certified check upon an in¬
bank * or trust com¬
Bidders are requested to name pany, payable unconditionally to
the interest rate or rates, not ex¬ the order of the State Treasurer
for $3>540. The approving opinion
ceeding 6%; per annum in mul¬
of
Masslich and Mitchell, New
tiples of % of 1%. Eichbidmay
name
one
rate for part of the York City, will be furnished the
by a
corporated
bonds
(having the earliest ma¬ purchaser.
In the event that prior to the
r turities) and another rate for the
delivery of the bonds the income
Bond Sale—The $88,000 coupon balance, but no bid' may name received by private holders from
semi-ann. general funding and re¬ more than two rates, and each
bonds of the same type and char¬
funding bonds offered for sale on bidder must specify in his bid the
acter
shall-be taxable'by the
amount of bonds of each rate. The
Dec. 9
v. 154, p. 1364 — were
•
,2'/4
All of the bonds will be dated
Oneida, N. Y. /, .
Oct. 15, 1941. Bidder to name a
Bond Offering — C. M. Kings¬
single rate of interest for all of
the bonds, expressed in a multi¬ bury, Jr., City Clerk, will receive
ple of 14, or l/10th of 1%. Prin. sealed bids until 3 p.m. on Dec. 16
,
100.319
100.10
Weigold,
Inc.,
Bacon,
Stevenson
&
Roosevelt
Co
B.
bid
'
"""
,.
—
Ayden, N. C.
* 'y '
4-
Volume 154
THE COMMERCIAL & FINANCIAL
CHRONICLE
terms of any Federal income tax
:
.
Number 4019
law,
the
successful
bidder
premium, of $500, equal to 102.50,
Dated Aug. 1, 1941J Denom.
$500.
Due Aug. 1, as follows:
$2,000 in
1944; $3,000, 1945 and 1946; $1,500,
may,
at his
election, be relieved of his
obligations under the contract to
purchase
the
case
the
bonds
and
in
1947 to 1950
incl.; $2,000, 1951;
$1,500 in 1952 and 1953, and $1,000 in 1954.
Bonds maturing in
such
deposit accompanying his
bid will be returned.
1945
at
Butler
'
r
Bond
Ohio
-1
assessment
bonds
sewer
154,
the
offered
Dec.
Dec.
the
1,
1941, and due
Dec. 1, as follows: '
$6,000 from
1943 to 1961 incl., and
$3,349.02 in
1962. Second high bid of 101.53
for
2%s
was
made
by Field,
Richards
&
Co.
of
;
&
Co;
of
to
■
and
rectors,
the
plus a
&
reports
of
Dec. 29.
on
submitted
were
of
fering,
each
naming
3%.
An
of
100.511 j was
Stuart
&
Co.,
Di¬
sewer
of
count
offering
.
chiefly
for
ties
Philadelphia.
Two other
received, also for 13/4S.
to
*;V7
Temple,
Texas
Sale—The $50,000 semiairport construction borids of¬
Dec.
on
9—v. 154,
1366—were awarded to
Dewar,
a
price of 100.28.
1, 1941, and due $500
to
the
The
into
City
:•*«
916,000 Water improve, bopds.
1,037,000 sewerage plant bonds.
:;
318,000 fire stations -bOndsi^"^
V?'
^
.:
»
;
,
-
<
r,(
War In Far East
65,000 "traffic
Bond
.
Offering
—
Thompson^ County
that
of¬
he
will
until Dec.
Lead is moving into
domestic consumption at a
high
rate, and demand for the metal
Raymond
Judge, states
receive
sealed
has
<
'
amounted
ac¬
'
100,000 municipal
50,000 auxiliary
airport
approved by the voters
on
settling
basis
of
the
Smelting & Refining
Company, and at 5.70c., St. Louis.
77,7v' 77*
Western
Neiv
^
•
-
>
nf
■
-
1953,; 1955,71957;: 1959
'/Lv
t
1-
*-■mf
II
Vi*
-
,1
,7,77
The NevV York
quota¬ 31,
.v;
irig7thi^u^t7^e
De£ occupied /during
■Milton
•v coupon
.
recreation
industry
;A
"
C
bonds
.
.
offered
Gold Bullion in
?
/ •
52.000
Dec.
6
52.000
52.000
52.000
52.000
Dec.
8
Dec.
52.000
9
Dec.
10____
Feb.
52.000
March'
52.000
52.000
52.000
52.000
52.000
52.000
52.000
52.000
52.000
52.000
52.000
Chinese
tin,
99%, spot, was
nominally as follows: Dec, 4th,
51.125c.; 5th, 51.125c.; 6th, 51. 125c.;
8th, 51.125c.; 9th, 51.125c.; 10th,
.
51.125c.
-
/
/.7:/"-c:':,;:'
77.7
The
Quicksilver
quicksilver
October
issued
"77
statistics
during
for
the
last
week by the Bureau of Mines
vealed that production was
re¬
4,000
flasks, against 4,200 flasks in Sep¬
tember.
Consumption for October
came to 4,800
flasks, against 3,700
flasks
in
the preceding month.
Consumers' and dealers' stocks in¬
creased
end of
from 12,100 flasks at the
September to 12,800 flasks
at the end of October.
Producers'
stocks (those reporting to the Bu¬
reau) decreased from 616 flasks in
September to 546 flasks in Oc¬
tober.
For stocks to increase dur¬
reduction
a
to
in
in
some
imports
silver
output
the
trade
have 7 been
must
was
strong.
Offerings
almost dri ed up and in some
iristances $205 was asked on small
parcels.
However, several deal¬
ers
held .to $199 per
flask, but
restricted offerings to regular cus¬
tomers only.
Silver
1,321
was
and
larger, probably from Mexico.
;
The price situation in
quick¬
was
-
■
.
During, the past week the silver
market in Lonidonjhas been,
and other
r
The following table; indicates the
arnounts
of
quiet
the;; price un-i
with
at 23^d.
The New York
Official remained at 35V8C. and
the
U. S. Treasury price .is still 35c.
77;
Straits Tin,
New York.
11.200
•:
11.775
,11.200
11.775
11.200
—Lead—
.New York
St. Louis
52.000
.
5.85
5.70
52.000
.Zinc,,.
St. Louis
a.25
5.85
5.70
8.25
52.000
5.85
5.70
8.25
52.000
5.85
5.70
8.25
9
11.775
11.200
52.000
10
5.85
11.775
5.70
11.200
8.25
52.000
5.85
5.70
8.25
11.775
11.200
52.000
5.85
5.70
8.25
Average
Average
refinery,
York
prices
11.775c.;
lead,
The
5.850c.;
above
for
calendar
export copper,
St. Louis lead,
quotations
are
week
ended
f.o.b.
refinery
5,700c.;
"M.
&
M.
St.
Dec.
6
are:
Domestic
11,200c.; Straits
zinc, 8.250c.;
Louis
tin,
-
;
.
f.o b.
copper
New
52.000c;' Nt..
and
silver,
35 125c.
United States'
M.'s"
appraisal of the major
on sales reported
by producers and agencies.
They are reduced to
basis of cash, New York or
St. Louis, as noted. All
prices are in cents per pound.
Copper, lead and zinc quotations are based on sales
for both
markets, based
■
deliveries; tin quotations
In
the
delivered
trade,
at
for. prompt delivery only.
prices are quoted
plants.
As delivery charges
are
domestic
consumers'
prompt
and
net
seaboard.
On
(lighterage, etc.)
of
doing
to arrive
business.
at
the
:
/7-\
at
refineries
A
f.o.b.
total
of
.05c.
are
present
is' deducted from
refinery quotation.
Delivered
:
the
on
foreign business, owing to the European
War, most sellers
f.a.s. transactions, dollar basis.'
Quotation^ for the
offerings to
change in method
tha
futura
--y»
o»
a
delivered basis; that Is.
vary with
the destination, tha
copper
figures shown above are net prices at refineries
on
the Atlantic seaboard.
prices in New England average 0.225c.
per pound above the
refinery basis.
Export quotations for copper are reduced to
•
copper,
<
and
their
on
11.200,
VH.775
a
raw
of
European Banks
statement
—Electrolytic Copper-—
Dom., Refy.
Exp. Refy.
r.
-
Manufacturers
a
steady,
Washington changed
7 11.775
foreign blister,
,
r
in
importers, dealers
for
Dec.-
.
gold
bullion (converted into pounds sterling at the
British
itatutory rate. 84s. 11
per fine ounce) in the princi,
52.000
DAILY PRICES OF METALS ("E. & M.
J.". QUOTATIONS)
the. United SthteS
^
asked
consumers
.*7
'
•.
.America? i^a^'idsk rates^ h^ve ^7/4,-/7"
Inspiration Consolidated Copper
c
' / ^
plans to expand facilities 25% to
Dec. j 8
52.000
52.000
.
.
(t)'ec. M
the
.
$20,000- 2 % % * beeh "advanced.
f ie l dP 'and
Jan.
52.000
52.000
and
prpduced 121,30,027/ tons. | The price
.448^tphs oLrcfiriedi copper during
October of which total 30,616 tons
■^Th^^wiar I $ created • nervpusness was derived from
h***
Dec.
52.000
5
that
tons.
Tin
copper
and produce at theVrate of 5,000 tons
alloy articles will be per¬ :a month;. —v; 154,:' p.' 1280—rwere; awarded mitted-to
use/; to a; limited extent, 7 The Supply Priorities and Alloto
the
First 7Miltoh^ National
ihvehtpfi.es- of partially fabricated catiohiBoard announced on Dec. 4
Bank of Milton; at par; plus a metal 7 between now and March that it had directed the Office of
equipment
:>
-
Sthoht-District!,^Pa.
Sale--The
started,
authorities
1942,
about I moyirigVcppper from South
Bond
II
arrival
4
:
The
special
Senate; committee
wilL start ^ an
investigation of the
nationaVVd^fense: p^ograrn today
was
and rlDOT. this' month
" "
4-
^tt/r 'Bidder-
War
-7 .v:y>yyyy,-:'
-
.
•
*v'4f
72,226
World
r
m other bidders:*;? 7
'A
backlog
to
future
Dec.
indicated
uncovered a new high in the
daily rate of production at 2,490
tons.
The daily rate of produc¬
-
•.
taled 3,812 tons7 The
slightly
for
Dec.
needs
week
tion for the domestic zinc
industry
in August, 1939, the month before
.,
t
Prime
the
ber
on
«
tin
ing October in the face of greater
the
for
The price situation was
unchanged.
The zinc statistics for Novem¬
week
BrownsVille^l as with moving copper to jlast
consumers. :mat^ipfe7triil7fck^^-^:cdrisid^ra•4i/2*/is/ at paL^ Dated 'Dec?> 31{-i94iy SalesM'thedom
tipriv; /Senalbr .Tru^
is Chair!for
^ahd due1 $3/000 0nyDecP 3l ;ih the- the
last week totaled 20,981 tons, npan .of ;the Qommittee.
4 years 1943,il945f 1947,\ 1949,: 195lv
Copper refineries operating-in*
making the quantity sold so far
posit, .'Bank
division
reduced
OPM announced last
tion
for
Silver; ;was unchanged. week,'-Restrictions originally were
The publication further wentron to Scheduled ' to
£0: into' effect Jam
'Say:
'
l'\
■' T
i- >
1, 1942.
De0.78^Vv"i54, p7 1199—
awarded to the National
77777;
by
ended Dec. 6 involved 4,505 tons.
Shipments in the same period to¬
im:cop^;rlead; !arid^ric7was :rio^
Bond Sale—-The $30,000 coupon
funding and improvement bonds
were
Federal grant
-
Disrupts Tin Trade
*
offered
?»' ;
a
zinc
'
-
,;v
city is awaiting
the project.
**
of
Washington
'
advanced.
4
fully- de¬
Zinc
Sales
turbed, though apprehension exists-about keeping the shipping, lanes
bonds;
Jq South America's4 west dbast operi^ Qubtatioris for chrome, ore were
whrilly ndminai^on th^ gr^
of :events : in: the -Philippines. An¬
Dec. 2
timony ore and' quicksilver prices#''^'-'""^^-"-
PEp8Yi^N^pf||p
of
American
y•'ivV 7 »>7y 1 ""7 7:
bds.
■
Sales
to
contract
VIRGINIA
jvvap ^itl^^apah^has hdltdd^adirig;iin:^itirriiri" Sirigapore^;London,-and have
airport bds.
! 334,000 street' improve:
diminished.
lead
during the last week
12,992 tons, which
compares with 5,359 tons in the
week previous.
/
Quotations continued at 5.85c.,
New York, which was also the
22, for the purchase of
WEST
not
common
bids
^'MetaLarid: Mineral^ Markets";;iriiits.' issue8 cif. Dec.-11 reported that
bOhds.;|^^
//'4
lead
difficulties,
the
believes, but otherwise the
tons.
709,000 storm sewers'fepnds; 7j
264,000 sanitary i. sewer$ bohd$.
40,000 library
of
Australia
Young County- Commissioners Tax
Precinct No. 3 (Pi 0~ Graham
ft the Pacific.
.
were
movement
country from
in
follows:
as
_
supply outlook has not changed
greatly as a result of hostilities in
.
jvV. 154; p. 11407
Straits
was
subject of in¬
on
encounter
trade
1
governing the sale
scribed in
future
this
will
&
19, for the purchase of the
7 following bonds aggregating
*$3,4
dfi 833,000: •• :> /1^44*4
completed
indicates that the
supply of tin on
hand and in sight is sufficient
for
one and one-half
year's consump¬
tion.
increasing produc¬
Lead
Others in this group were Glover
at
for
production, it was an¬
nounced in
Washington, should be
addressed
to
Mr.
Davis, Room
5403, New Social Security Build¬
ing, Washington, D. C.y
Charleston, W. Va.
MacGregor, Moore, Leonard &
Bonds Sold — We understand
Lynch, Singer, Deane & Scribner,
that
a
on
June 1 and Dec., 1 from 1943 E.
syndicate
composed
of
Lowber Stokes & Co., E. H.
4 to 1952 incl.
Young, Moore & Co., of Charles¬
Rollins & Sons, Inc., Blair. &
j .'
„ ,
4
Co.,
ton,
- Walter,
Woody
&
HeimerInc., arid Dolphin & Co.
OHU
dinger, arid Widmann & Holzman,
Sealed bids for the purchase of both of
'Cincinnati, purchased reTulsa, Okla.
•
V-"*'
the bonds will-be received by the
cently - $1,000,000 • 3 xk % hospital
Bond Offeringr-T~Miltori W; Darevenue
borids. Due in not to ex¬
V
vis, City Auditor, 'states that he Secretary of the Board of School
Directors^ until 8; p.iri.; bri-Dec. 29. ceed 39 years. Callable serially at
*will
receive- sealed '6 bids £ Until
Thri-borids. and thd \provisions premiums not to exceed 103. The
Dec/
Cleveland,
Dated Dec.
exist
Communications
Bond
100.28.
pay
vey
re¬
tion in this country. The
hearings
are scheduled to
begin on Dec. 18.
were
of
an
have
confusion,
among many small con¬
who believe that possibili¬
sumers
$50,000 road bonds.
Bidders are
a
price
to name the interest rate.
Due
made by Halsey,
serially in 20 years.
Inc., while Bar¬
offer
clay, Moore & Co. headed
of
100.562
copper situation
in widespread
sulted
incl.
by the Union Trust
101.30,
according
the
Comptroller.
interest
an
of
1962
Robertson & Pancoast of San Antonio, as 2 V4S, paying a price of
Secre¬
the recent
rate
bid
was made
fered for sale
Only two bids
at
trading suspended in Sangapore
London, the market here vir¬
tually ceased functioning. A sur¬
and
creasing
8—v. .154, p. 1140—
were rejected.- The
.Secretary ad¬
vises that; new offers will be con-,
sidered
high
1943 to
the
on
1, 1941 and due $5,000
from
TEXAS
Re-Ofr
all
1
Second
10, of
School
that
of
Co.
Dec.
R.
fered Dec.
.4 improvement bonds offered Dec. 8
—v.
154, p. 1365—were' awarded
Cook
Dated Dec.
on
Co.
$519,000 not
to excefed ,3;% interest;
operating
revenue and
refunding bonds of¬
$1,000 from 1944 to 1950 incl.
Lawrence
Board
.
Federal Reserve
1140—was awarded to
p.
that
bids received for the
Bliss
154,
Dec. 9
Webster
bids
School District, Pa.
the
issue of $100,-
Production Management to hold
position in reference to tin
sup-«
public hearings on all possibilities plies. This
was viewed as a
pre¬
increasing copper production,
liminary step toward complete
in calling for the
hearings, to be control of distribution of tin. With
conducted by Chester C.
Davis, war risk rate up
sharply, and
President of the
of
Bank of St. Louis, who has been
Dougherty & Co. of
chosen impartial
Chairman, SPAB
Philadelphia, as lVss, at a price of
100.557, a basis of about 1.07%. recognizes that conflicting reports
A.
p.
of
Sale—The
building bonds offered
—v.
1280—was postponed.
tary
Silver Lake (P. O. R. D. l, Cuya¬
to
Dec.
on
Rejected — Issue
fered—Jacob
Eckersley,
Toledo,
hoga Falls), Ohio
Bond Sale-r-The, $10,000
sale
"Bond
1477
.
Sold—Roland
Bids
only bidder, as 3s, at par,
premium
of
$13.35,
equal
to
100.17, a basis of; about 2.96%.
Dated Nov.
1,
1941, and due
Nov. 1, as follows ? $850 In 1943,
•
proposed
'
000
l%s
Chairman,, reports
Scranton
Cleveland.
awarded
Not
(P. O. Chestnut Hill, Philadelphia), Pa.
'4/■'
v7"7
ann.
New Boston, Ohio
Sale—The $7,850 refund¬
ing bonds offered Dec. 8—v. 154,
Bowman
authorized
an
trict
$3,742,000 series A bonds—v. 154,
p.
Bond
4 p.* 1310—were
on
any
Philadelphia Housing Authority
(P. O. Philadelphia), Pa.
Second
Dated,
interest
on
9
1310—were awarded
National Bank of
p.
or
$117,349.02 Bonds are part of
supply issue of $33,000.
Bonds
Hamilton, as l3As, at a price of
100.51, a basis of. about 1.70%. Randall,
'
accrued
water
*
to
and
par
callable
are
interest
date J. thereafter,
p. Interest F-A.
Sale —The
special
—v.
thereafter
County (P. O. Hamilton), Aug. 1, 1944,
1
and
and
Springfield Township School Dis¬
•
;
Atlantic
restricting
reflect
f.a.s.
77/''7>7v;
7
this
basis
*
>
V
Due to the European war the usual
table of
is not available.
Prices on standard
daily London prices
tiri, the only prices given, how¬
ever, are as follows:. Dec. 4/spot,
£257*4, three months, £260*&?
Dec; 5, spot, £257; three
months, £260V4 ; Dec; 8, spot,' £ 259/three'
months, £262; Dec. 9 and Dec. 10, no quotations.
'/V'/''-"/7
v"
Note—The war la Europe uas made it impossible to
obtain iip*to-date
reports from many ol the- countries shown, in this tabulation. Even be-
Foreign Money Rater
fore the present war, regular reports were not
obtainable from Spain and
Italy, figures tar which are as of April 30, 1938, and March
20, 1940,
respectively;-:-'Tfre • last1:
-report from Switzerland was received Oct.
25;
17; Sweden, May 24; Denmark.
^March 29V: Norway, March--17 (all as of 1040), and
Germany as of
/ // y! ' ;;.v 4."
pal European banks as of respective• dates of most recent' ;iN6Vvil4, ;1941ivand France as of Aug. 22, 1941.
J/.''•Pursuant''-toj tne Currency .'and Bank Notes Act, 1939, the Bank
statements^;'^reported to rUSi>by7 Special
cable/yesterday" H bf England statements for* March-4v 19 39; (and since have
carried the
(Friday): comparisons are- shown for the
corresponding 'irold holdings of the Bank at: the market value, current as of the state¬
dates'in the previous four
ment date, instead of the statutory hrice which was
years?■
formerly the basis
^".V
;of value.; On the market price basis (168s. per fine
Banks of1941
: V'
ounce), the Bank
1940s" .:
1939 " '
^ 1937 V;;'
1938.7 :
reported :holdings of £ 1,079.398. equivalent, however, to
only about
£. ; 's f
*>"* V; '•! \\ & ■ *7 "v-v7
*'■ / •£539,699 at the statutory rate (84s. 11 V&d. per fine
ounce), according
England.
•53F.699
*715.895 '
*850,371 ^ 327,518.976 " 327,563.214 "7 to our calculations.
1^ order to make the current figure comparable
France y
240.687,670 242,451,946 328,602,728
^(with
former
295,811,588
periods,
as
well
as
with
the
310,169,702
figures for other countries In
Germany I 3.858,950
3,889,300 : 3,856,300
:the tabulations; we show English holdings in the above in
3,007,350 ;.' ^>2,511,60Q
statutory
-
iBelgium, May' 24;"Netherlands, May
In London open market discount
rates for short bllld
Friday
on
were
11/32%,
as
against 11/32%
of last week, and
.
as
against
-
Money
on
on
Friday
11/32—11/16% for three months
bills;
11/32—11/16% on Friday of last week/
call at London
•
on
Friday
was
1%.:
.
...
•
New York
Money Rates
.
;
Spain.—■ 63.667.000
63,667,000
Italy.-;_ll : 16.602.000
16,602;000"'23,400,000 '
25,232,'000
97.714.000 7
86,641,000^-121,770;000
Netherl'ds
Nat.
Bel.
97.7)4.000
132.857,000
63,667,000
63,667,000
•
132,857,000
103,068,000
99.778,000
Switzerl'd
84.758.000
84,758,000-• 92,299,000 " 115,590,000
Swederi-7
41.994.000
41,994.000 '
\'A Denmark-
.6.505.000%6,505.000
V((Norway_-_ 76.667,000
.
34,850,000
6,500.000-
667,000.
6,666,000
|'-'ni'»rot'>wk;-'rff9t;85kVl0- 697,82Ll4t>
750!200.39^
b:>Prdv:
96,845,000
:
•
iffi AAA.-:
e
6,535(000vrr'(%<6»545<000
■
v:: 8,205,000 ' X
V;"
4'
<113,820,000
■>W:.n
ipounds.'
<
' ■'
■.
/■•.'
.
/ ''V;
"
■
6,602,000
;eies.,f;
^[
vIf::..*-V .'
iTJie 'Bahk'. ot France,- gold holdings have be,en. revalued,
.several,
.';;times in Recent years; oh basis of latest valuation (23.34
mg. gold 0.9
1
(fine equal? one; franc) .-'instituted March-7» 1940. there
are
per
Brit-
Vtsh statutory pound about 349 %francs; prior to March 7. 1940. there
were about 296 franCs'pet* pound, and as
recently as September. 193$,
few as l23 francs were equivalent to the
statutory pounds.- For deWk;4 695y^47,780 097,732,136 750,286,3991,100,394;118-1,080,863,876' ^ tails of ehanges, see footnote to this table In Issue of
July 20; 1940.vi. .it.
I
"> y
■
i
->
'
!l,099.9^7;914^340,516
i ;
-
\
■'
o
Dealing in detail with call loan rates on the
Stock
Exchange from day to day, 1% was the
ruling quotation
all through the week for both new
loans and
*
-
i Gold j holdinga of the. Bank, of Germany as
reported In 1933; and
4since include "deposits- held ;-abroady and "reserves in
foreign curren-
25,232,000
•
„
::J 77,646,000
:'■> 32,863,000"" '?■ 26,083,000
•
■:
87,323,000
(• x
J
1.
«
f
l.
J
/
.i
•
i
(
renewals;1
The market for time
money continues quiet.
Rates con¬
tinued nominal at 1Y4%
up to 90 days and l*/2% for four
to six months maturities.- The
market for
prime com¬
mercial paper continued
very active this week.
The de-"
mand has been good and the
supply of paper has held up*
Ruling rates are; %%—%% for all maturities^- >'-4 ^> ^
i;
t
Dir..
COMMERCIAL & FINANCIAL
THE
Saturday, December 13, 1941
CHRONICLE
1478
The Capital
1
During the Month of November and for
Flotations In the United States
.iaj
1
^
/Walker &
'
capital
Coporation financing operations through the
market in November wereA in the smallest aggregate;
have
we
for that month, the smallest
of the year.
The total of $131,811,350 was about, a third
less than October and only about one-half the Novem-,
The reduction was entirely attribut¬
able to a scarcity of refunding operations, for new cap¬
ital financing dropped only a little from the high level
of the preceding month.
Refunding issues amounted to
only $42,384,100, the least in this category for any month
placements
Due
•
Amount
Accented
91
days
91
days
Nov. 21
Nov 1-30
Nov 1-30
Nov 1-30
9d
.
/rVv
Yield
Price
:'r
$
totalJ. r
1,265,554,611
Total llmoa.
16957082,812
Nov.
|thari" 1Q.%
since January, 1939.
The reduced volume of refunding* of the aggregate of all stocks, bonds, and notes sold dur¬
ing the month. In October private(s&l^aircQui^cf f'or •
not due to any change in interest rates for corpo¬
$68,595,000 'or 34% of the total, while;in September they
ration bonds were selling close to the lowest yields in
totaled $130,020,000, which:
ifwh^thirds:
history throughout the month.
(... -f.
/ •
:.'v It is worthy of note that every financing operation-; of all issues brought out in that month/- 0:
amounting to $10,000,000 or more last month was at least
/
Jvtuhicijpal ^financing jri
partly intended for new capital purposes.: It should also /328,663, th^; highest of any; month
^pnly
be mentioned that no single company was responsible
$20,951,860 of the total represented ne\w money however, for more than $20,000,000 of the $89,427,250 total in the
establishing a new low for the year and *continuing the
capital category. Philadelphia Electric an$" Westdownward 'trend in this
inghouse Electric & Manufacturing** sold issues of $20,laSl..
1 '
« >- S - \
-• *
.
©00,000 each, all for new money; Pacific Gas & Electric
Below we present a -# tabulatioh of ^figures*. since ;JahV
sold $35,000,000 stocks and bonds- of which $16,257,500
uary; I939i~shqv^g^
new; Superior Oil sold $15,000,000 debentures in^
^:cbrparat$;$narijrinfr(^^
♦eluding $4,906,000 cfor new funds; and Hiram Walker
visions of the 19-41 -figtires-.
sold* $15,©Q0,000 debentures including $11,253,000 fo^new:
sary irom time to time, particulaipiy^as. additipiaaLprfvate
capital. It might be well to point , out- that the last ;
financing is brought to light in/ahriuafeeports and
named js the joint obligation of Hiram Walker^GooderQther places.
* •
"
( r*-; ^ >1 , •
ham & Worts Ltd. (Canadian company)- and Hiram
,
*0.151%
99.962
150.098,000
199,998,000
150,018,000
313,335,000
200,167,000
439,350.000
466,603,000 "•200,026,000
91 days
Nov.: 26
238.468,536 [
Nov .11 10-12 yrs, >238.468,536
1,320,000
12 years
1,320,000
June
1
319,776,475
2 years
319,776,475
Aug,
1
6,680,601)
5.680,600
Oct, 20 1 31 years
Nov; 12
Oct
'
,jf,
.
Nov. 13 Nov. 19
Nnvr A
were
•
{91 days
6
29 •Nov.
Oct.
of only $14,600,000, little more;
in November
Dated
;
materially reduced -from
previous months both on a volume and" a proportion
basis.
Issues sold in this manner had, ap .aggregate v^lue
Private
A mount
Applied for
Date
of common stock sales
vfailed to repeat its exceptional October performance and
dropped down to $3,808,750 from $50,935,420 dri October.
ii'V
•
Offered
used entirely in the .United. Stgtes and
therefore classified the Whole i^su^ astdomestic.
capital financihg by means
New
volume*
ber, 1940
c^pariy);;but that the
Sorisf Ino/ (American
funds were to be
July and, except
since last
1941
Months; of the Calendar Year
the Eleven
-
*0,200%
99.050
'
'
90.935
99.932
*0.267%
Average rate on a
which series F. have
100
,
'
S- USK OF FUNDS
"Type of
Totnl'A mount
Security
Accepted
.*
July
2...^:
July
9
16.. t..:
JUly
8.675.484,647
.
"ftil.p"..
July
&fr*.
New
%Dtat
-
'
171.112,817
6J3.687.420
784,800,237
63.874,177
107.180J35
197,102,123
146.650,400
260.976.3C0
h,
39,469,665
00;466.785
113,390,374
203.857,159
:
•
Ftrstquarter..'
:
May ---'*•*
;
*
June...:.
i
100,799.000
27 V,277~ 5fi 911,435,550
AUg;
Tax autlclpnt'n notes
1.037.124.525
1,037,124,52S
"
Second
quarter........'....
-
Six months
>
(July .V.-v-
.
.'i.. -.r
*
-
AUgUSt-...
•
Septemb wr.C iics-ir
Third
.
Nine
i
•
»
quarter.'! s~«- -..
-10^497,442
-
Noveml«r. J*
„
i
251.672,652
174,067.430
.,,111,247,808
^
.'611,483,859
158,733,668
378,2541,222
4,396.284,096
271,734.936
831.3891,685. 1,103,124,621
49,833,450
67,938.134
430.037.550
327.402,743
34.264.713
74.427,157,
401,829,900
161.391,300
,195.656,013
405,236.626
1322.286,837
727,523.463
y
.185,778,049.
103,261.201)
97.050,22©
200,311,420
47.728.100
89,427^250
42,38-1,100
131.811,350
168,943,139
292,281,400
180,831.672
133,601,250
25.894,844
■
310.737,204
393,074,870-
20,297,^6
262.885,785
21,640,375
396.778J240
30,778.057
Fourth quarter.
Twelve months .1 *
. . .
2,026,195^056
736,382,782
i'i'-iv:*
-
,
2.762.577,838
September to tat.]
15
-.283,039,488
Oct.
22..;..tr
29..-A-i:
91 day
Oct.
;}:395;0^J74(
180,669,959-.'
317,462.641:
.
;
230.373 125
Oct.
343^357,485
June
Treasury
>96,214J50.
Aug;
Nov.
"137,424.063 ' "£177,771,459
■
Nov.
June
1516:841,882-
-
383,453,032
Financing November*^
did not undertake
would be made available to
anf major financing
but; in order to insure^ample supplies
obtained about $300,000,000 new money through*
sales of 91-day bills in excess of maturities.
The first
.Jtwo bill offerings of the month,, like fhe last two,of Oc¬
tober,? were for amounts approximating $150,000,600 v
each; in each of the last two weeks of the month about
$200,000,000 bills were sold. * Maturities in each week of
November aggregated about $100,000,000*.;
256^5(1
'
^,.
150,0)8,000
100,1) 8,000
200,167.(MX)
11)0.227,000
Treas. bills
antlelp'H iK»tes
Tax
UNITED STATES
TREASURY
;*■ ^
fa i '■ l- 1
f- ■** •;
jd
we.oiitline the Treas*
current
^year; ; / v? /'-r-v
^
A^'r * ♦t"<• *<^
Due
JMte/l
Wared
'Applied for-i
Ateepted^
First
6 month
iY ml':-
i
91
July
91 (lays
3 July
days
'( '• •'
91 days
lfi
'
'
i"} 1 *'"-'
■
'
•. i
,i"
')■ w "«i • -^-
J- ng
y i r •••., ) ,y 0*1,
jw
- > r 't r*^"if'*'
INTRA-(J©VEBNMENT FINANCINCJ
A
Issued
3,407,287,000
-.
Itetired
'
e
,
Public
/'
J' ^"*, f-
Xet Issued
;.'o ' *l ^
70,000,000
>155,348,000
10,300.000
59.700.000
11,527.000
143,821,000*
^225,348,000
21,827,000
203,521,000
Vv^V- 4jV'' it'**'
!•-.
•
*
:
<
,
•
•' 'w." -
;« . •
1
»
760,495,00»
2,746.792.000
'-/j.:/;;
,;.July totftt,.^».,.,»«.^
V
*0.087%"
*0.097 %
*
Or.097%
*0.098%
100,048,000 i; ":, . 99-976rv -;
100.337.000 *
99.975J
100,127,000 J v/ftfr.975 •/•-;■
'.864.178,611
i'lr-
.
Notes; ;*'.;. j.-; jr.
100.88(1,001)
281,145,000
281,732.000
'306,089;000
"4 m.376.000
8,224,857.400 ,8.732,225;412,
i
CertlllcateB
8,675,484,647
total..
June 27 July
-
5,680,600 "
»
;—
r,
sales of bills together with the higher bank
requirements, which went into effect the first.
The larger
1.320.000
-319,776,475'
fJijt
s.:,
ir/;v
s
Allotted to Government investment accounts,
1941
*$•;»*.
s
wi.*y.V»y:fr V£
—f
****
•■♦cj-i'ii'
.
-■.
^9.90(1,000.
99,940,000
99,227,000 t
238.468,536
-r
First six; months tptal.
Amount-;
1,320.000
319.776.475
5.680.600
1
FINANCING'.buRll^G^94lF;:::;*::;*
Amount
Date-
49,866.000
,
238,468.536
16.957,082.812
j.
2,258,344.199
,
100.799,000
200.026,000
?'■:
1.265.554 ,fl11
tqt
to
mos.
exchange ollerlng,
I.
which follow
In the tabulations
,
such accounts but; only $93,-
ury's financing- activities'i-;-V"i
in ;the;
^
Imnds.^
7,056,000
474,682,625'.'
91"<lay Treas. bills
91-day Treas. bills
1,842,713,3,88.- 21196.166,420
,lj
275,876,224
;>
7,056.000
474,682,625
100.232,000
24% Treas. bonds
Noveniljer
188.971,200
502,983,000
275,876.224
1,192.781.200
Publiccasb offering.^ d
<^f /(he total was then
93,256,950
-188.971,200
502,983,000
'
Savings bonds
J-.
50,058,000
/ -49.995,000
1,307,419.400
93,256.950
150,098,000
Depositary
20 d
100.207,000
100,127,000
100,015.000
150.0l0.0fl0
3.451.125,399
a
Aug;' Ll-.-.l
Oct.
.
1.
546,461,932,
100.433.000
ftVday-TreakC jililw
91-day
Nov. 2A;...-_.
1112,475,208
90,8341133
was. 'stated:'kat;'
it
time
that
of carii,
reserve
s-r.r;..
Nov.19..;/..;
9105,817,158/ .226,595,215
305,927,000
1,307,419,400
2,4% Treas. bonds
24% Treas. bonds
2 4% Treas, bonds
\% Treas. notes . :
U. S. Savings bonds
October, total.
I
669,944.960
1,368,687;,334> 1.679.324,538
i
Treas, bills
;**■
during November
/
......
Depositary bonds _
Taxantlclpat'u n^tcs
.Total
The Treasury
......
Oct7120.c:..ki
Oct, .ao .d.i'iik
726,251,323
238,389,482
2.145.45(1
100.045,000
Oct.
8
100.043:000
•102,111.000
Oet.
♦Revved.
' i..!
1.319.837,641
100,957,006
91 day Treas.
V.----*
.i——
i
/
100.742,000
-
948.572,932
250,969.392
183,242,443
181,769.350
251.798J24I
100.043,000
bills
bills .100,742.000
238,389,482
1........ U. S. Havings b(g)ds
: 2J45.450
Depositary bonds. 1
K&.1— Tax antlclpat'n notes S 305,927,000
91 day Treas.
bills V 100,045,000
l(«),4ti3.()(K)
91-day Treas. bills
10t).207.0(;0
91-day Treaa.. blllii
91 day Treas, bills '--n 50,185,000
161 ;502'JK)O
72,715,82» **454,126.054
l.O&J,738,895
7731169,098
.
Oct.
'
278,869,797 *
100,369.000
91 day Treas.-
--^4 Nov. 12.
December......
■n"''
,.
195,189,960
-91.617,36%/ ,.5.78^7,600.:
««
1,709,838,943
345,346;, 770
93,942,646
334,570,682
„
*62,198,558
Aug;
106.867.851
16.019.J50 ^80,195,00%:
A
606.714,322
.
401,376.000
100.369,000
100,957.000
91-day Treas. bills
a......
?19,119.$A4l ..Jr90.259.734« 1,009,379,578
J12,893,538
1,252,325,958
457,512,985
1.35^1.647,4 89 2,123,807.559
131,181,549-
242,447,950
420.9.36.273
;
31,241,004,
49,703,366.
65,594:,785
68,006,465
21.740,443-
536,987.890
417,673,232
?
78,200.042.:
-
June'
'
16,312,332
1283,128,255
1,031.360,652
86.468,380
•
Sept,
87.938,205:
59,175,210
89,787,130
y
9,771,328
3.
2 Sept. 24.
f*
566,136,731
453,135,463
193,810,627
770,100.070
months...!
.Octoberi
.
:
135,326,541
364,923.444
43,569,170
100,227.0i)(f
si,72.1.213,641
91-day TreaA bills
17-..-./
Sept.
0*-'Toi<il; '0
Capital'-:
-1l59.fl>t8,072
113,001,268
i
100. tl 8.000
:-7V
5.926,032 X 10,386.300
'
136,115:000
23,833.072
58,179.191, ;-v 48,688,660;
257.345640
'
393,724,582"
i,435.550
I
.
Sept.
173.464,550
103,799.050
101,470,480
501.407.000
June
1 ,-i
Aug.
Sept. lb.*.
New
,137.994,832
'211,341,581
84,280,300
f
100.799.000
,271.277.666
91-day Troas.
.August total.
....
April.
1(95.131.582
.
•
Total.
'
;40,214,000
bills
U. S. Savings bonds
Depositary bonds
6...
-rr
5 ;v.
A, 9
,
35,469.718
46,004,059
31,527.491
324,316,342
•258,561,870
201,929,025
52,928,677
31.549,770
86,634.370
February.
March.....
Refunding
271,387.665
227,012,100
115,287,655
January*.
.
Capital
353^5§2fj
,r'
100.232,000
Aug.'27-l..i.:
0X0 :V'
*194®;;?
Refunding
Capital
J- r- *
91-day Treas, bills ; '100,232,000
91-day..a*reas. bills -100.118,000
91 -day Treas. bUls ^100,227,000
Aug.
■'
100,127,000
IQO.015,000
40:214,000
Depositary bonds.:
July total. j«_
100,337,000
100,015.000
Z
i-'AAfS:/'
100.018.000
bonds .;:;!353.M^.582
U. S..Savt^g9,.
June
100.880.000
190.127: tOO0
day 'I'reas. bills
91-day -Treas. bills
91
;
New
-
3.349.678.44T
5.325,806.200
ftl-day Treaa; *WMS •Vlfl0.K80.00ft
91-day Treas.- bllH >* ;106,048,000
91 day Tims. bUls J 100.337.0011]
'
'July
was
iXX'Xr, 9,0X4
New
Indebtedness
Pefuridiny
*e'.
total..
s
FJrst 6 month
.
;
'
'
vTV' 'H,
^
-
;
bank discount basis,
Vattd
'
-
'
10-year maturity , are
vl; f
new
*1941
-
t>
W/o
;
,
'
MONTHS, 1941, 1940 AND 1939
a
2%
i
100
2.'K)%; series F have a 12-year
<
CORPORATE FIGURES. BY
"i;:
'1
a Comprised of three separate series, of
sold on a discount basis at 75, and yield */
maturity. are sold on a discount basis, at 74, and
yield 2.53%: and series G have a 12-year maturity, are sold at 100. and bear 2H% &•
Interest,
b Comprised of two separate Issues, designated Treasury notes of tax
series A-1943 and tax series B-1943; series A earn about 1.02% a year aud series B.
about 0.48%.
c Public cash offering,'
d Allotted to Government Investment ae«
counts,
e Public exchange offering.
v
*
was
SUMMARY OF
*0.258%
'
■
<
'
146,000.000
Certificate*., 2,-
17,043,000
"
146,000.000
*
••:
7,000 *
July 11
"17,050IKK)
Notes;-; -V!. j'-.
si
I.
marked increase in yields. July
292,758,000
91 days
18 July 23
100,015,000 :-,i. 99.976/ .;: *0.094%
146,007,000
17.043 000
wentM a higher rate than' July 25 July 30 91 (lays -266,617,000 353,510,582
163,050,000
"August
'total.;
353,510,582
t 10-12 yrs.
JMyl-31 July
the one preceding; the bills dated* Nov. 5 were sold at
2% /•! ;;
40,214,000 .5 40.tm.000 i. J00 r! V v
12
J'lyl-31 June" 1(
SeptemV/T^-,
^-*150,000
10,150,000
ran average yield of 0.151%
compared with 0.067% for/
10,000,000
CertilicateS'L*/ -'-^Vrr-''
-895.t3M82
188,634,000
; July total..
-23.585.000
(212,219,000
Ndte.., Vi
al .«..CJ.
4he previous week's issue and 0.001% for the issue dated
\pe*»r*r^y;;
^s-,.
jii
*0.106 %ie0k232,000
-Vf 99.973
.293,242,000
91 days
188,484.000
Oct. 15.
The bills dated Nov. 26 were sold at an aver¬
«
33,735.000
Aug.
1 Aug
222,219,000
Septembectotal..*0.114%
100,118,000 r'-T- 99.971
288,823,000
91
days
Aug.
13
8
-/ti
99.971
*0-J16"/
age yield of 0.267%,
the highest of any issue since- Aug.
100,227,000
297.444,000
9,1 days
Aug. 15 Aug. 20
99.971
100,799.000
*0.114^
32/,055,000
91. days
58.700,000
October 1937.
The bill issues datecLNoV.19 and 26 car¬
5,300,000
Aug. 22 Aug. 27
64,000,000
'Certificates^^
271,277,566
271,277,566
x-53,039,000
1 10-12
86,028,000
Aug 1-31 Aug.
32,!. 89.000
ried the privilege of payment by ercdit through the War
Notes
11,435,350 .'.>--100
12 years
It,435,550
,2%
1
Aug 1-31
'.Kfc-w
'
loo
2 years 1,037.124.525 1,037,124,525
Loan Deposit Account, a right that has not attached to a
5,661,000
1
JH,328,000
Aug 1-31 Aug.
96,989,000
Dctober total........
previous issue for some time. r f
„ ,
1,721,213,641
total..Novertibrr—"
j
-Aug,
168,000,000
Defense bond sales last month totaling $238,468,536
'"lfiS.OOb/OOO K<k-.VAr»v»-v»-*^
99.977 *JVV *o.rwo%r
383,608.000 <!' 100,309,000
91 days
x25,245,000
Aug. 27 Sept. 3
27)0671600
}Note».
1.
2; i
? V. <1,822,000
!)9.982
*0.071% t
were considerably lower than in October when $275,100,957.000
439,541,000
91 (lays
Sept. 5 Sept. 10
*0.050%
100,043,000
lC-i'99.987f
»')
493,411,000
91
days
Sept. 12 Sept. 17
169,822,000 •1^:27,067.000 %142.755,00tt'
876,224 were purchased and only barely higher than Sep¬
;.. November total.....; A t
♦0.037%100.742.000
401.215,000
Sept. 19 Sept. 2.4 -91 days
tember's $238,389,482, which was the ..-smallest amount
2)18.389,48*.
1/ ••
238,389,482
10-12
4,374.716,000 2,937.702.000 r,436,923,000 f"
| Sep 1-30 Sept. 1
Von
2%
"*"
^'Total
It
(mtinthsi
JtS.Zt
fJSl
i*
2,145,450
2,145,450
12
1
sold in any month since the bonds were put on sale
Sepl-30 June
b
100
305.927,000
305,927,000
2 yrs;
1
Sep 1-30 Aug.
last May.
'
J "<v „ ,
Xc* Comprises sales of special series CCrtlflbateH and notes; cenUficates sold to Ad-'"
pasted Service Certificates Fund and Unemployed Trust Fimd.-'pnd notes to Federal'
948.572',1)32st;!:.
total...
■>" Tax
Sept.
anticipation note sales of $319,776,475 were also
•jOId Age aud -Survivors Insurance Trust Account,. Civil .Service Retirement -Fund J'
'I,Foreign Service Retirement Fjind, Canal Zone Rctireme.it Fuitd. AlUSka Railroad;
*0.062%
VV,99.984
182.005,000
100.045.60O
smaller than -October's, which aggregated $474,682,625.
91 Says
1
'Sept. 26 Oct.'
.Retirement Fund, 'Postal Savings sySt0m,""Goverame it' Fife Insurance Fund,
*0.002%
368,817,000
100,433,000 *(-.vV 99;99i:6'v'
91 days
Oct.
3 Oct.*% 8
Since these securities were first offered last August, a*
•National Scrvioe Life Insurance Fund, Federal Deposit i.Sura ice Gurporatloil, and '
217,616,000 -100,207,01)0
;.^9».9908 eg, *0.001%
91 days
15
JOct, 10
Federal Savings A Loan lusurgiiCT Corporatipiv.-Excess of fwlr^mbntsv^w^^^s; v.
*0.024%
,,99.994,.*.;
.total of no less than $2,137,510,625 has been sold, of
303,852.,000 .J50.L85.6dO
91 days
i Oct. 17 Oct. 22
'>-v'!)9-.983.J'i,v
*0.067%
269,407,*nor 150;010,000
91 days
which $2,136,365,025 remained outstanding as of Nov. 30./ Oct. 24 Oct. 29
W,V
>"100v".
Oct. 20 ■31 ym.r 10445,341,100 1,307,419,400
Oct. 9
2 &%.;■■
I"- Inr the comprehensive tq(iies on/the succeeding- pages;j
"93,256,950
llOO,
93,256,950
Nearly the entire amount, $2,099,650,100, consists of series
9 d Oct. 20 ^31 yrs.
100'*
188,971,200
2H%
we compare the November, ^nd, the eleven months'- fig-':
188,971,200
31 yrs.
Oct. 20
Oct, 9
B notes, * the series designed for large taxpayers and
502J.83,e06 •?:*' :*iook502.983,000
1 f 4 yrii. -p
Oct. 23 NOV;
ures, with those, for the,corresponding periods-in- the four-'
which yields only about 0.48%.
Qnly $36,714,925 series\ 4H
275
a'.1.,
27^:876*224
876,224
years preceding, thus affording a fiye-wearvcomparison'.'
1-31 Oct. * ] 10-12 yrs.
A notes are outstanding, "
»*.>';
^
•■>*;.
7,056,000
7,056,000
2%:"
12 yrs.
iOct 1-31 June *:J
474,682,625
474,682,625
2 yrs.
j
An additional $5,680,600 2J/2 % Treasury bonds of 1967Following the full •rpage-'tables j we-give complete-<d:e- Oct 1-31 Aug.
]
fails of the capital flotations during November, includ- '
72 were issued during November^ apparently to govern¬
3,451,123.399
total...
-Oct.
ment investment accounts, which did not . take their full
Jog every-issue .of any-. kind *brought out *ln thdt'Jtihnth."
allotment in October, i when the issue was offered.
At
July
November, resulted in a
Each offering of the month
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...
Volume 154
Number 4019
,■
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.
THE COMMERCIAL & FINANCIAL CHRONICLE
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*$1,450,000
Offered by
FIVE
(ISSUES
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Atlantic
series
A,
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MATURING
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_>
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City
due
Sewerage
Nov.
1,
Co.
1961.
first
';*-
Inc.
•
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7
:
*
';"
r
*
mortgage 33/4% bends,;
Purpose, refunding ($1,350,- <
Price,
Co.
103 and -interest.
first
<;
*200,000i(Qtter
cd-o
"nd
.
-
-Tail
1971.
Power
Co.
mortgage bonds,
acquisition of properties.
Purpose,
interest.
Life Insurance
Sold
Co.
first
privately
1
-
.
q
mortgage
1954.
construction" purposes.
Price, par and interest.
."Northwestern National Life Insurance
Co.
!
YEARS)
UTILITIES
I ||j^u gjwiulj^u
*200,000 Rawlins- Electric
;.Tr *.*
id;
First
Co.,
Wisconsin'Electric
sinking fund bonds, series B, .due May 1,
•
Halsey Stuart & Co.,
PUBLIC
5 2*^
privately.
'•■$75,00.0 Northwestern
Co. 3!/a%
i„j.Purpose, .refunding.
.
vately to
John
25,000,000 Pacific Gas
'••
I
tB
'isiS
mTimn
& Omaha Ry. 2% % equip- 5
ment trust* certificates (second equipment trust of
1941), j
due
Dec:
1, 1942-51;
Purpose;: purchase of equipment,
j
Priced to yield from: 0.60r/o to 2.65% according to
ity.
n3
I
*
"Sfjs?
due
.
©
I
$i,210,$00yChicago, St. Paul, Minneapolis
>-
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u 0 c c
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THAN
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BONDS
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Hancock
John
*::v" ri-
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and
interest.
Mutual
Life
Insurance
Co.
■
$20,000,000 Philadelphia
7 ;.
bonds, 2%%
series K,
first and
31e>, due June
notes.
Sons,
Co.
Electric
series,
Inc., Bankamerica Co., Mitchum,
& Co., Brush, Slocumb & Co.,
and
Co.
Weeden
first
&
Co.
and
refunding
mortgage
due
Price; 104.176.
1971.
Purpose, pay promissory
Offered by Mellon Securities Corp.,
First Boston Corp., Shields & Co., Stone & Webster
Blodget, Inc., Eastman, Dillon & Co., P. S. Moseley
Co.,- E. H. Rollins & Sons, Inc., Central Republic Co.,
Inc., and Moore, Leonard & Lynch,
and
1966.
&
pri¬
Co.
;
&
The
■'■"'i.l'.i
Sold
&
&
Co.," Elworthy
series,
refunding mortgage
1, 1971.
Purpose, refund¬
ing ($8,742,5001; expansion, etc., of facilities
($16,257,500).
Price, 105 and interest.
Offered by Blyth & Co.,
Inc.,
Harriman, Ripley & Co., Inc., Smith, Barney & Co., The
;>-.dwqd:?honds,
Rollins
Tully
Schwabacher
Price, par
Mutual
§| -
Boston Corp., Lazard Freres & Co., Dean Witter &
M. Byllesby & Co., Inc., Bonbright & Co., Inc.,
to
Hancock
E
H.
H.
'Sold
3^
100
E.
Purpose,
first mortgage bonds, due
Price,
Electric
to
i:
334 (;r
;■*§ i
;
*750,000 Sheridan
due
1966.
count
County Electric Co.
Purpose, refunding
indebtedness
interest.
Sold
insurance
Co.
to
parent
privately
to
first mortgage bonds,
($713,000), pay open ac¬
($37,000).
John
Price,
Hancock
100
Mutual
r.nd
Life
<H
346.?90 69. 30 132.85G0 3.420. 010.7 0 126.5 0 175,24.0 3^)56=0 650, "256* 641.58 0 1,540.379 5.80.0 38.20 0
Total
W
60 ,-0
2,740, 0
$
.
3.724650
890.1)0
Refundi g 10, 0 805.6 35 4,52.0 38,91825 32.689305 12.478,60 97,82 0
1938
4~,6OT6O 750, 0
1,03.7485
Capit l 15,930 260,84 0 154,9 .0 91,28.175 183,90.65 5,890. 0 37.13,0 4.6 ~6o 5.10. 0 759,106 2,0 ,0
4
1,89.0
32 .0 3,582.0
9.0 ,0
213.90
52,0 0 78,10. 134.7,3 2.0 .0 2.680.6064,97159 1.275,0 10 ,0 0 12,837.981 218,52 0 19.580 ,201.9753 6,80 10.9 ,~0 2,680. 0134.98,71 27,350 12.940, 213,90 l0.OOK0 13. 2981
1.96,571.2Q
20,17.354 10, .0 823.45, 5,302,0 46,718932.90 3512.47860 97,82 0 2.587.30
3.541, 25 1.56 .92
5 0. 0
9,0 ,0
Refundi g 31. 8,0 ,012.748 94,0. 0 7.0 .0 32,0761 16.72,53 8.218.20 19.05,0 45.92 0 1.4 97,1 9,50 . 0 5,80 , 0
1939
-
129
40.638
1,46.512
94,90 7.000
Capit l
New
2.56 : 06 4,510, 0 5,468",364 2,0 .0 2.68 :6 064,53478
19.05 0 97.460,571
8.218
MwS
o
ȣ&
f,~3 5~o:6 5,0 0
6,250, 0
To•-tal 35.29,0 925,63.0 39,805. 139,~5(K)6 17,30. 12,30 16.950 2,059 730
910, 0
3.5
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New
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875.0 0
16.bo~6 180, "27^4856412,5 9. 85 4.69~,6 48,36 8 1.460,6 2.09,780 32.05 2 18,90324 132,46398263.09,388.264,9856.250, 4,094,0 8&.91 0 12,6750 -1.0328 1.40.0 2.09,780 1,350. 015.07,12
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>» o B2ft=r 3®~f—O?3g«s
■
(A
^noyz0B
*-•
4.721.8 0213:90
•.
523• -
TO
B>
MONTHS Long-Term Railrods. I'ublic ste l,Equipment and Ruber. Shipingtrust, TotalShort-Tem Railroads ste l,Equipment and
3
1
tj
CHAR TE Capitl 24,36.0 364.0 ,1809,40,0 3,40. 0 87, 9*.28356.319,0 1,203. 0 5,40,0 250.0 5l.42V.l05 803.54,68
S'3 "-o 2 ,—
.©■fc'a
2o»i
Ifto-©«
J*
S-»-ft
35g;aV"t'*»2so«C3S»g•,»™x?T£©:5f»-P"t.-oa?Tft s«,.SaSS2 O?'o•*!.<&
SS
g
'
O-
s?^'"*£•-•4 ..
-
2
-
v
2S"
Se
-
«
:•
'•■
'
gp-s^O
-i; :k~ly:s.To 2.^b w02sgrA*>j..:wgC2-,r ""*jrfy;.,w■^5.'o:S-b :■&>
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j®
p
©
i©
av.
>:■'
s
-o
i
ig
--
:
C»-_e=*3; £v'Vs.g*-©-5-i ©.-ft* ;*2 —1
a
^
L
VSS
'
'is
O ©'-©
S1
.t-sv
,L-
FNYESMFSOLTIDAAVVTRHR.
COU*TIRSNPHIEADE
GANRONEUPDFIW
2-cft
3
78.960, 48,56372 9,350. 03.90, 37,950:184 5,37 47 4.621,80 2,6 :60 19,850. 260,5183 1~,460~, 6
|
ft-,;fi2kJ0£',8Bgg©"2—© !>?:*eT| 2"oa© ag'-!b3s_°li ^•— p^s0-°o. K3<§ft-c. isi2oa63-«5'0Pcl:=sSTS«i5.SJi-3 lf
-ft
1,275,0 10 ,0 0 213:90
S
"7£r-;. -§t|-„ > >52.«2p w©2.W :2B:s:| >© " MHp- PE «ssr 51* Z. '- ©5.».• ";C.3-
tr
«
5 0, 0
?
?
.
•
*
-('v
t
|3
--g►,
o
ft
,553 .120
32,435170.726
Cp g§&
wtd:-f•gQt3
5
o
Q
<r»-
s®
1.53.571 130,64913
50. ,0 74,30. 0 128,705.429 408,1 3
000
©T3-!:
ftft.?
P
©
m
?.f
WStM-UyCoa:>3P"8-•f-»vfo'.tS^H3t 8>-CTD^o "Ok■„S®©»c"ftstoSlSiDp 5©«-3 §f31©.^©gr.cio 3fat~-ygfrovO©S,«oa.®?,J3-^3a-
2
.0 0 ,857 ,0 0
-
"eiSl'n
51,07.65 15.930 26.34865 16.5219
New
21.05,0 65.7 ,0 1.672,509 9,50 , 0 7,260, 0
8
1.03 2.439
ssis'l^
«5p.ga
i§-?
1.84370
30.0 0 40.0 0
$
Total
-
1,67.0 6.758.0 13.780, 6.370,54
*
%§-.§©g&£:vftS^2aS32 °'BS=ifjrc.t i"»O3-^Oy«w^9- S:-1^pIk=?gS|'-:Ca«,l5?r a3r•■t-Sfs—f>tr§S3s§Pyp?p3«■
|
5"
•'
120. 0 21 .0
iP
Hcl>1
.
71,87.419 25.930 16,8239 lt7;80iO4B 218.932^50 18.409,50135.0 0 462,0 10 .0 12.04,520
1,089.7 620
S-P8
«
35.90 45.61,08 '5.608, 2 40.6 ,54 304.650 12,734.53210,879 1 46,18037 2,49:490 "9 :6 071.4 ,179 390,571462 26,70. 145,78.349 130. 9,604 18.49,53 0,659-42 194.35879.678,0 3.14,90 349,0 145.7 69 1,78.40691
20.30
2o'fi!?© 2.052-gPsa»*J
a
;
40.0 0
932,50
25,930 1,064 .195 159,07. 130.2 0 216.0 18.36950 135.0 0 4".ob"6 6.04.0 1,762 9.85 6,0 806 750, 0 150, 0 1,40,0 2.0 ,0 10.34,0 17,321.45 1,56.92 46820,45
$
©>ea*W; gft-,St.^
w
n
29
1.940, 0
.
CiM^l
"r
.
^
I
'
.
.
f
New
Tota
-
;r
,
86
-
60 ,90
"250: 6
Capit l 2 ,10. 137.094,1878.08950 3.420. 05.765.40 87.48612 147.89:50 9,678.0 -650, 38. 450 742,17.49 4,350. 0 2,76.08
351,8690 80:1 .34 29:076,53 3,870 23.4 53402.8:9 342~.7032 3.056: 0 3,826.90 349856175.368:0 2.36 2 8
37.b3920 310.25 54,91.06>162,850 62,34.581 2,106.75 "682:56 26:391.859 351.9 ,06 125.09, 0654.32985 >9,067.14 62.8540.934.60 19.823469 148.5:76 23.780 682,50 592.359 1.872.67
Refundi g 123,649.0 532.89 13 4.076,50 4.934:60 38.67 8 27.348,0 23.780 3.20 .50 798,16.5 1,450. 0 35.42390 890, 0
1937
3,176890 " 9 :6 6 97.83 08 742863
35,90. 83,290
--
.
3£%§.<o«uf £ft■ ^*32>o-St©r;■ i
j- ^5s.*§. STftV.
iWB' 8 .
«
o
2
f.,
...
•5-
,
5";g
99
&
«<
Volume 154
Number 4019
-
THE COMMERCIAL & FINANCIAL CHRONICLE
1481
'
$2,548,600 Bridgeport
Brass
Co.
25,480. sharek of3'%%
cumulative
•
preferred' stock
(par $100Purpose/ payment of r3% '
";.■'*■///
notes, which id turn were issued to refund serial deben-^
.-tures.
Price,-105 and dividend..- Offered by G. M.-P.
/'
V Murphy & Co., Stone & Webster and Blodget,
Inc.) Union'
•
Company
and
f-' l'*-'*?
Issue— <■'
,
'
'
&
Graton
'
.
Knight Co. 4%%
;
,
'
Securities»,'V,
«
594,000 Bohr
/
stock
;
•
Hutton
&
Co.;'-Hornblower
Gulf, Mobile & Ohio
<fe
'
share.
per
Offered
by Lester
Herrick &
J $4,342,600. '
<fe
M.
&
N.
RR.
&
Corp.-general
1st ,mtge.
Clearfield
&
Iron
1
959
1
959
Jan'
ser.
E, due 1952—Jan
Co.
1st
mtge.
1950
"
Company
~
preferred
Co.
pref/
^
(irregular)
1
1302
1192
1
1149
1st
mortgage 6s of 1926—
Jan, 1
Light, Power & Ice Co., Inc., 1st mortgage
1928--—————„—_'J
Jan 10
Mercantile Properties, Inc:, 5'/2%
bonds, due 1946
Jan
1
Mississippi Power Co. 5% bonds, due 1955—
__Mar
1
Narragansett Electric Co. 1st mortgage 3'/a% bonds,
Blackstone
R.
I.),
Bliss
1380
&
5%
1380
Canal
Nat'l
preferred
Insurance
$77,000 Edson
&
Co.,
Inc.,
Louisville,
series
Ky.,
7,000
by
/'.v:
w-
L-
Lyons
&
(each
unit
Co.'
'/./J'//
1,875,000 Pennsylvania-Central Airlines Corp. 75,000 shares of $1.25
cumulative
rr.
.
..
pose,
f''"
,
j
-
share.
;
,
convertible
bank
pay
Offered
Rhoades .&
preferred
loans,
by
stock
working
Investment
Bank
12-
70c
12-29
12-20
Boston
Dec
15
1150
Bralorne
debs., due 1948
Dec
notes, due 1946—Dee
Omnibus' Corp.—New York Railways
vf'J Corp. prior liens, due 1958—
—Jan
New York Merchandise Co.,
Inc., common stock
Dee
Nice Ball Bearing Co. 1st mortgage
-5s, due 1945_;_____Dee
22
1192
Extra
19
1267
Brantford
(no
capital.
par),.
Price,
Neisner
';
Wampler & Co.,
Mackubin, Legg & Co.
Inc.,, Stroud
Co.,
&
North
and
Inc.,
$1,952,000
FARM
LOAN
AND
$31,675,000 Federal
tures
and
dated
Dec.
AGENCY
Banks
Credit
%%,
1—$18,385,000
ISSUES
consolidated
due
deben¬
1,
May
1942,
%%, due Dec. 1, 1942.
Purpose, refund¬
slightly above par.
Offered by Charles R.
Price,
Dunn, New York, fiscal agent.
ISSUES NOT REPRESENTING NEW FINANCING
$70,000 American
$25).
.'Inc*
.
Can
Price,
lative
shares
share.
Co.
Gas
34,500
stock
(par
Corp.
1,600
stock
common
!-'v
,
Natural
preferred
of
Offered
by
Blyth
12-
12-30
;
88,400 Burlington
Placed
vertible
$55%
>
preferred
163,500 Carpenter
$5).
stock,
share.
per
$2.75
Offered
Steel
Co.
Aircraft
Co.
Price, $9 per share.
Redpath.
Wertheim
;
581,250 Climax
(no
&
Price,
Brothers
lative
by
15
869
1
1383
Budd
15
1057
Buffalo
23
1270
Burgess
Canada
Phillips
Electrical
series
A," 1953J
6%
cumu¬
by
cumulative
con¬
Merrill
(Ohio)
Lynch,
stock
&
$25)
Price,
stock
Paul
Union
Field
&
'
23,419
shares
Price,
Co.
of
$91
shares of
5,000
share.
per
'
'
$14.50 per
Price,
par).
Ice
Co.
1st
mtge.
York
New
Water
.
31
1304
bonds, due
5s__—~_______
due
1947
preferred
and
_T.__Feb
Dec
Co.
1st
mtge. 5s
4% debentures
1
first
$5
cumu¬
per
share.
Then
of
4%
Investment News
share.
Offered
by
Oil
1385
Carnation
Jan
1
967
Extra
Dec
15
1195
second
Department"
The
5%
Name
Works, Ltd., 6'/2% pfd. (accum.)
Steel
Acme
(par
Inc; (s-a)
(year-end)
Bearing Co.
Co. "(Hartford)
—
_________
West
12-18
12-16
20c
12-29
12-19
35c
12-30
McDonald?
2
20c
'
Ainsworth
Manufacturing Corp. Orreg.)
Bvass Manufacturing
(irregular),
Akron
Alaska
Packers
Association
Allegheny Trust Co.
Co. 9.500 shares of 5%
cumulative preferred
stock (par $100).
Price, $93.75 per share.
Offered by
Smith* Barney & Co.
Oil
(year-end)—__
(Pittsburgh)
Allegheny
& Western Ry., guar.
Allied Products Corp. (quar.)
286,000 Rohr Aircraft Corp. 65,000 shares of common stock (par
$1). ' Price, $4.40 per share.
Offered by same banks
as offered
135,000 new common shares (see above).
All
Products
Metal
(quar.)
—
(s-a)
com.
12-26
______
Co.
&
American
180,225 Underwood
1
V
stock
(no
Blyth
&
196,500 United
;
Fisher
5,400
$33%
Price,
pari.
Co.,
Co.
shares
share.
per
of
common
Offered
by
American
Potash
Co.
5V*%
i
Brake
American
<Wm.)
.;
$32.75
6,000
per
American
share.
Chicle
par).
&
:
shares
2,512
Co.
Offered
share.
per
capital stock (no
by Glore, Forgan
/•//
of
•'••///'•/ /'/./J
-
6%
Foundry,
(quar.)
12-10
12-18
12-31
$1
12-23
$3
1-2
Chefford
12-16
12-15
15c
12-20
12-10
12-22
12-
30c
12-27
12-16
25c
12-27
12-16
40c
12-27
12-17
40c
12-27
12-17
privately.
•
Redemption Calls and Sinking Fund
2nd
$6
preferred
8%" preferred
Below will be found
;
Company and Issue—
-
,
;
r
Date
Amer., British & Continental Corp. 5 % debs., due 1953__Fel>
Pag#
Armour
Atlantic
Autocar
&
Co.
of
Del.
7%
preferred
City Sewerage Co.
Co.
stock..;—;
1st mtge.
1st mortgagees, due
6s,
1
Metal
due
1947—
Jan
V
&
Trust
«•
1956^___Jan 17
745
1145
—-May
1258
of
111.,
5%
$3
Bank
Trust
&
dena, Calif;),
l >.
10c
12-22
12-10
45c
12-15
12-
1-15
Co.
Ohio)
City
National
City)
•
(quar.)
Bank
&
Extra
Potash
Public
American
cl.. A
com.
5%
Coco
Water
Grove,
Coeur
1-
12-20
25c
1
12-15
12-
12-12
12-
—
25c
12r27
12-17
12-20
12- 6
12-
11-21
$ 1V2
•
<
■
$2.80
10c
__—
1
6
1-
r
12-15
5%
preferred
conv.
(initial
31 %c
quar.)___
12-22 i
12-20
12-13
12-16
$2
12-23
12-
(quar.):
12c
12-15
12-10
(quar.)___
45c
•»
(s-a)
(s-a)__
12-15
12-15
50c IV 12-27
12-17
t$2
12-19
12-16
25c
12-22
12-12
50c
1-
2
12-17
62 Vic
1-
2
75c
^1%
12-17
1- 2
12-19
2
12-19
$1%
1-2
20c
12-27
12-13
$1
12-23
12-
$lV'a
1- 2
12-29
$2
12-18
12-15
(Savannah)
Anglo-Iranian Oil Co., Ltd.—
Ordinary registered
American deposit rets, for ord. reg.
Argus Interests, Ltd. (initial)
Arkansas Power & Light Co., $7 pfd. (quar.)
$6 preferred (quar;)
12-15
2
(Pasa-
Co.
$1%
Mines
Co.
Auto
1-
2
12-11
30c
12-31
12-20
$4
(Kansas
3 12-15
12-
4
$2
12-15
12-
5-
66%%
Dec.
65c
12-22
20c
$1%
■e
80c
-
Corp.
(Boston)
.
12-13
/
1-
2'
"12-20
12-13
8c
12-23
12-10
12-20
$1
12-27
25c
12-29
12-29
12-19
$1 Va
12-26
12-
(Waterbury, Conn. 1 (quar.)
Co., $2
cony.
pref.
$1
Co.
(Kansas
City,
12-19
9
1-
2
12-
1
11-17
'1- 2
12-24
12-20
50c
Mo.)
EXtra
.resumed) ___/
Co., 5%% pfd. (quar.)
Commonwealth Water & Lt;, $6 pref. (quar.)
preferred
1-
50c
Water
2
12-24
12-27
12-13
$1%
$1%
(quar.)
it Coke Securities, $3 pref.
Connecticut Gas
'■•
$1
.
Bookbinding Co.
Commonwealth
$7
12-20
1-15
'/aC
$i'-:
,
12-20-
$1%
'
;
12-20
Parts
Trust
Commercial
12-15
1-1
12-23
$1%
(Initial)
12-15 '
12-20
12-29
•
$1
(quar.)
12-15/
12-29
$1%
preferred
11-27
1-14
62 V'aC
:
7%
$1%
1-
2
1-
2
1- 2
.
12-11
12-11
*;
12-11
,
'
Connecticut
%
General Life Ins.
&
Passumpsic
l-
2'
12-15
l-
2
..
12-20
2-
1
:
(Hartford)^
Co.
25c
Connecticut
1
Rivers
RR.
,
Co.,
'
6%
preferred
Connecticut
(s-a)
$3
.
River Banking
(Hartford)
(s-a)
'•Extra
.
Arkansas
Asbestos Manufacturing Co., $1.40 conv.
Western
Gas
12-8
12-
4c
1-1
$ 1 Va
12-22
12-
2x
$1%
12-22
12-
2
12-22
12-
2
.
NatT Bk;
Atlantic
Avondale
^Jacksonville, Fla.)
Voting Machine. Corp.
Mills,
-
common
12-15
12-15
12-12
25c
12-30
12-20
50c
12-31
12-20
Consumers
2
12-15
Continental
12-27
12-17
-.1052
Axelson
1376
i
906
Extra
,'i
1262
1262
-1191
1376
1377
Manufacturing Co.
-
/
(quajr.)
'J—:
Bank'of
New
Bankers
National-
•
Bastian
;
York
6%' preferred
Barrister
7c
(quar.)
J-,.-—-
Extra
Hall
(quar.)
(quar.)
Trust
Co.
;
com.
J
(Boston)
conu
(quar.)
K
———
Investing,
Blessing Co..
$5.50 preferred
—s;—_l__
—
1-
7c
:
__v„
BancOhio Corp.
540
• 25c
(quar.)
—
—
(quar.)
(quar.).——
—
v
-'..--,
.
■2-
1
3-
1
•
/
•
4-1
/3-15
10c
12-22
12-10
8%- preferred
Consolidated
(quar.)
Gas
(Toronto)
&
Elec.,-
12-15
•
12-10
Crown
Cork
Crown
Drug Co.,
7%
12-19
Crum
&
Insurance
2
12-19
Common
12-11
Common
12-11
12-
4
1
12-16
1-1
12-16
A
International
Corp.,
preferred
2-16
$1
cl.
preferred
1-
2
12-19
12-15
;
12-22
12-15
1-
2
12-15
12-15
$1%
■
'
$3
t$l%
40c
1-2
12-15
12-22
12-15
12-23
12-15
1-
2
12-20
1-
2
12-20
A__
10c
12-23
43 %c
2-15
40c
12-22
12-12
40c
12-22
12-12
15c
12-23
55c
12-23
Shares
■
-
(s-a I
Davenport Bank 85 Trust Co. (Iowa)
12-12*
2-
5
Corp.—
Extra
8%
12-29
1-15
:
(quar.)__^__
(year-end
B
(year-end)
Crystal Tissue Co. (quar.)
-
35c
$3.90
12-19
12-31
12-27
t$2
■
Foster
t$2
pref.
(irregO-—
Courier Post Co., 7%
preferred____„_____j_
Cream of Wheat
Corp.__^._-i-;__.
;_^__
12-22
12-31
prior
(resumed)
12-29
12-15
(quar.) _-__2__
7%
-
12-29
$1%
2
2
pref.
Phosphate Co.
2c
1-
32-
$43%c
Co.
Gas
Common
Coronet
$1.75
.
15c
40c
12-24
$1%
$2
Ltd.,
Corp.,
22c
1-
•
$1%
(quar.)
Steel
(accumulated)
1-15
2-15
7C
$3%
6%e
v 7 V2 c
37%C
$9
$1%
__
(year-end)
2
12-22
_____
,
Common
12-15
12-20
20c
861
956
1-
3
$1
(s-a)
;
1-
2':o
$1V2
pref.
Athey Truss Wheel Co.—__________
Atlantic City Fire Insurance (quar.)
Automatic
V%v
Consolidated Cigar Corp., jcom (year-end)
7%
preferred (quar.)
1
6% % prior preferred (quar.)
jj
Consolidated Dry Goods, 7% preferred
Consolidated' Retail; Stores,. Inc., .common
t35c
(year-end)_.—_____
_______
1189
Year-end^
*
8
1-22
$1%
—
1258
11-21
.
a5%
a5%
i:
12-17
1-2
; :•> 1-
•
12-17
12-27
A
(quar.)___
8
12-18
$1%
i
(quar.)
(s-a)
Loan
Commerce
.
12-1
.
12-18
3
12-22
Inc. (year-end)
Lamp & Stove Co. (quar.)
Collateral
2- 2 S ;--l-15:k
1-15
12-23
12-26
■
12-22
Inc/
d'Alene
Coleman
12-15
12-12
12-15 "
Cohn & Rosenberger,
"12-15
2
12-15
2
(irregular)
Works,
12-15*
12-15
(initial)
preferred
12-24
12-16
Republics'Corp. .(year-end)
American- Screw Co.- (year-end)
Window Glass,
v
12-12
2-
2
1-
Mining Corp._^
12-12
12-23
12-13
;
1-
60c
12-19
Electric Illuminating, com. (quar.)
preferred (quar.)„^___L_____
Cleveland Graphite Bronze, com. (year-end)
12-22
30c
12-29
$1 '/a
$6
Cleveland
1- 2
12%C
American
American
Clemenoeau
Co.
12-22
30c
12-15 ;
•
J $4.50
5
(s-a)_
(year-end )r_
L.)
12-22
50c
Chemical
<fc
Welfare Trust,
(D.
$3
___——~i
American
Clark
$iv2
37%c
12-13
12-15
60c
Stock dividend
■^0 $2
;
40c
—
2
$1
Trust
;
;
Columbus
j.
___—
12-13
2
(s-a)
Extra
12-22
American Locker Co., :$1.50.non-cum. class A
American Optical Co. (qua.r,)^_.——i_r_____
8
12-13
2
(a-a)
'
1-2
2
12-
2
1-
50c
Water (Washington, Pa,), 7% pref.
'(quar.-)-'
;
City National Bank it Trust Co. (Columbus,
1- 5
1-2
1-
12-20
Citizens
Colonial Trust Co.
1-
12-20
1-
_•
common (quar.)
Clinton
$1%
50c
12-19
f
1-
Cincinnati Gas & Electric, 5% pfd. A (quar.)
Union Stock Yards (irreg.)
Cleveland Trust Co.
12-15
62%C
1
V;
.;
.•
$1
12-22
:
1-
-•
12-16 :
$1%
preferred
conv.
12-16
12-15
___:
11-30
$1
(quar.)
Chicago Title 8c Trust Co. (quar.)____.
conv.
____
preference
1189
954
—
Co.
•
(extra)
2
20c
prior preferred
conv.
1-1
-
12-
$1%
year-end)__
(Savannah)
Co.
1
,12-23
12-10 :
Co.,- Inc.
Bank
2-
,
$2
$10
12-26 i
Mfg.
2
—__
1
general mortgage 6%
Jan1
Community Power & Light Co. 1st mtge. bonds——
Dec 24
Connecticut Railway & Lighting Co. 4Va% bonds——Jan
1
Continental Baking Co. 8% preferred stock————Jan
1'
Dayton Power & Light Co. 1st mortgage 3s, due 1970—Jan
1
Detroit, Tol. & Ironton RR. 1st mtge bonds, due 1964—Jan
1"
Devoe & Raynolds Co., Inc., 7%
preferred stock
Jan
1
Dewey <fe Almy Chemical Co. conv. preferred stock
Dec 15
Eastern Racing Association, Inc., 5%
debentures, due v - r ;
."May 1, 1945--—'
Dec 15?
Equity Corp. 5% debentures
—
.——Feb
1
Equity Corp>Amer., British & Cont. debs., due 1953—Feb
1
Federal Light & Traction Co. 6% bonds, due 1954—Jun
1-
•
857
1374
RR.
—
Corp.
15-20
12-26
12-20
Master
12-16
12-23
(year-end)
com.
2
1-15
12-27
Co.
12-10
1-
1
Loan
2
12-23
$1
1-
10c
Baltimore
Daily News, Inc., common
preferred
(quar.)___
$2.50
2
$1%
_
t$2
$1
Corp. (initial)
Strip Co. (year-end)
1-2
1-
$l'/2
(quar.)
(quar.)
American Light & Traction Co.
"6% preferred (quar.)
1373
1
Autocar Co. 7$
debentures, due 1947—Dec 26:.
Canadian Bakeries, Ltd., 6%%
bonds of .1925
__—Jan 15
Canadian Foreign Invest. Corp., Ltd., 8% pref. stock—Jan
1
Carmelite Sisters of the Divine Heart of Jesus,
4%
:
■i
seflal bonds of 1938—.———
.—Dec 15
Chicago & Illinois Western
bonds," due 1947—,—
Investment
preferred
$2
12-22
12-20
■
American Superpower Corp.
1st preferred stock——v Dec 15Appleton Company preferred stock___
—Feb
2
Armour & Co. of Del. 1st mortgage 4s, due 1957-,——Jan
1
■*
Products
American
i
(year-end)
com,
3-
$1%
_
(quar.)
Home
i
(year-end)
com.
(quar.)
American
'
a list of corporate bonds, notes,
preferred stocks called for redemption, including
those called under sinking fund provisions,
The date
indicates the redemption or last date for making tend¬
ers, and the page number gives the location in which
the details were given in the "Chronicle."- •
;;
;;
(
V
preferred
American Hard Rubber Co.,
and
15C
12-20
2
90c
Chicago Elec. Mfg. Co., $2 preferred
Chicago Molded Products Corp.___.
Chicago Pneumatic Tool, common
6
12-17
3-16
12-20
2
$lVa
•___
Chicago
12-15
$1%
,
(irreg.)
&
Chemical
12-20
12-27
1-10
11-
•••
...
12-22
)$3
y,v 75c
Co.
of
r*.
12-10
2
t$2
50c
Citizens Commercial Trust & Sav. Co.
1-2
50c
District
Fork & Hoe Co.,
"
(quar.)
12-11
12-19
$1%
.
preferred
6%
J44c
(quar.)
Citizens
12-23
$1
—
2-
50c
Cincinnati
$1
$1.31%'
__c__
—
(quar.)
(quar.)
American1 Hair 81 Feit Co.,
6% 1st preferred (quar.)
:■
Notices
common
81 Body Co. (irregular)____
Crystal Sugar Co., common:—
American
■
placed
&
Telegraph, com. (quar.)__
(quar.)—
AmericanrForeigh- Investing Corp
5%
$8,609,350
issues
J.
—
12-20
2%
12-10
$3
$iy2
common-
(quar.I—
Co.
preferred
American
*
•Indicates
Co.—
Coach
American
Wrigley Jr.
Price, 64%
Co.
Chemical,
Shoe
preferred
'
Price,
Ry.
-_—1
161,396
f;VH'v/.j
Electric
Inc.
States
pari.
Agricultural
Extra
shares of common stock
Offered by The Lee
Higginson Corp. and Jackson & Curtis.
(no
'
Elliott
Valley
Logan
8
'
'
Altoona
12-
*50c
Utilities
Chatham Sav.
12-18
12-26
5
12-22
(s-a)
12-11
10C
25c
v
(year-end)
2:;:
$1
12-
m%
Transit Co., com. (initial)
partic. preferred (annual)
6%
of Rec.
1-
12-17
12-15
(Md.)
(s-a)
Brewing
Ins.
Central
'
Holdert
2
'40c
(quar.)
12-17
12-27
Charleston
When
1-
12-27
___/
Chamberlin
Pay'blt
12-30
$1
50c
$1V2
(extra)
preferred
Central
table in
are:
$$3%
—
12-19 :
$1
Centlivre
given un¬
Corporation and
Share
12-
12-17
12-29
preference
Co.
of Baltimore
Co.
1st
5%
of Company
12-30
12-27
(s-a)
Products Corp
Cayuga & Susquehanna RR.
in the week when de¬
dividends announced this week
9
75c
30c
V.
'
stock
stock
Co.
Capital Administration Co.,'$3 pfd. A (quar.)
Capital Bank & Trust Co. (Harrisburg, Pa.),
show the dividends previously
announced, but
we
Acme Glove
common
non-cumul.
Canton Co.
Common
der the company name in our "General
share.
of
Insurance
Indemnity Co.
Canfield
which have not yet been paid. Further details and record
of past dividend payments in many cases are
by Allen
common
Fire
•
Carpel Corp. (quar.)
:
Carthage Mills, 6% preferred A
6% preferred B (quar.)_
a
9
t50c
Carolina Power & Light, $6 preferred (quar.i
$7 preferred
(quar.)
;
follow with
we
12-16
12-
$lVa
1384
1194
12-24
12-30
15c
(interim)
Ry.__
Foundry Co., Ltd.—
-J. ,■
participating preference (accuniul.)__
Canadian
8
47c
Southern
Canadian
12-
75c
Machinery Corp.
19 :
;
Per
shares
(year-end)
&
2
V
Forgings, Ltd.—
Car
1-
60c
Extra
1194
12-20
12-15
50c
Canadian Light & Power Co. (s-aj_.
Canadian Pacific Railway Co.—
1384
12-26
12-29
Canada
1384
B
common
Offered
u__
12-20
50c
40c
Canada
7%
grouped in two separate tables.
In the
bring together all the dividends announced the
we
which
\
-
&
;
t25c
(s-a)___-_^___
Casco
current week.*-
12-31/
1-15
Co.
Foundries
9
1-15
(quar.)
(s-a)
Battery
12
1957—_l)ec
stock_„_-__
Corp'.
preferred
9 ,i
12-
tlOc
(year-end)...ii.,,,
(year-end)
National
Canadian
are
Ball
'
6s,
7%
&s Tube Co.
Insurance
r
Dec
preferred
2
32 V2C
Castings
Co.
1-
12-22
12-22
12-
12-31
(quar.)_^
com.
2
1-15
(quar.).___a_v,
Co.,
1-
12-10
(year-end)
Gas
participating
Class B
DIVIDENDS
155,325 Morris & Essex RR. 5,700 shares of capital stock (par
$50).
Price, $27.25 per share.
Offered by Allen & Co.
,
0
964
Aetna
950,000 Pore
31
1384
Aetna
Price, $24% per
Coolidge & Co.:////;;.?'
1st mtge. 5%
;;
shares
4,300
—Dec
1
104,275 Master
Co.
1057
Shawinigan Water &, Power Co. 3%% notes, due 1946—Dec 30
Sisters of Charity of
Cincinnati, Ohio, 1st and refund'
ing mortgage bonds, due 1949_L—J_t____j___Jan
1
Southwestern Light •& Pwr. 1st mtge.
bonds, due I960—Dec 31
Standard
Bleachery & Printing Co.
15-year 5y2%
bonds, due 1946—
^
Jan
1
248,850 Maaonite Corp. 10,000 shares of common stock (no par).
Price, $24y« per share. Offered by Smith, Barney & Co,'
Electric
1
547
Co., extra
Aeronautical Securities,
$1).
Jan
(par
Fenner & Beane,
Pierce,
135,000
Co.
Depot Co.
Iliv'er Power Co. lst mtge.
Borough
Wheel
■6%
Dec
Saint
•6%
5s,
stock——
common
♦Announcements in this Issue".
mortgage income
27%.
Offered by
-
pari.
$70
•/r'J>V/\''
-
1,957,500 Marshall
(no
Myers Tobacco
&
(par
Co.
15-year
;
Co.
clared.
350,000 Liggett
mtge.
Manufacturing
Price,
par).
common
Price,
'
(no
1st
Ruud
Bros.
per
stock
Ltd.,
Inc.,'50-year 5% bonds—
7% debentures—
Youngstowh Sheet
15,000 shares of common 6tock
share.
Offered by Carl M.
Co.
Works,
Pocahontas Fuel Co.,
Rhokana Corp., Ltd.',
Street Investing
Buckeye Steel
Realty Co.-Barker Eros. Bldg. 1st mtge. 6s of 1927—Dec 15
Superior Oil Co. of Calif. 3'/4% debentures, due 1950—Dec 22
Virginia Coal & Iron Co.-Keokee Consolidated Coke
Co. 5% bonds, due 1959
Jan
1
general
RR.
1997.
$38%
Co.
preferred
Offered
Phelps Dodge. Cot'p. 3'/2% debentures, due 1952——,
Dec
Philadelphia Rapid ■ Transit Co. real estate 1st mortgage 6'/c bonds' of C( Benton Cooper of 1924
.lan
Philadelphia Transportation Co. 3-6% bonds—^
Dec
1959—'——Dec
Offered by Estabrook & Co.
'/i/ Loeb, Rhoades & Co.
2,131,129 Fisher
Brooklyn
Strawbridge & Clothier,
Co.
Molybdenum
pari.
Broad
1056
Dividends
Illinois
due
due
1381
shares of common stock (par
Offered by Auchincloss, Parker
20,000
$1).
460,000 Chicago & Eastern
i
bonds, convertible,
of
British
15
Standard
privately
(no
series
shares
6,000
of
Lehman
by
Price, $27 % per share.
180,000 Cessna
&
shares
1381
31
Western
Mills
15
Co.
6
12-20
12-20
t20c
1381
2
12-30
$2
1150
Dec
Co.,
'
•;
debentures,
1-
$1%
(quar.)
Oil
12-16
12-15
$4
1
American
12-16
12-15
37 %c
____
15
,
2
2%c
Co
Ltd.
2
1-
35c
(quar.)_____^
(quar.)
Sun
shares, of
$10).
,4%
(par
&
Allen & Co.
.
i
2,800
per
-
*345,000 Arkansas
,
Co.
$77%
Co.
Mines,
1-
12-27
$1 Va
Cordage Co., Ltd., $1.30 preferred
j_
x—-—
Brewer (C.) & Co., Ltd. (monthly)
Bridgeport Gas Light
'■
City
American
Salmon
$13,290,000
ing.
;/
GOVERNMENT
Intermediate
York
North Western Refrigerator Line Co. first lien ctfs
per
.
J- :>- Stern,
mtge. 3%s___
<
Redpath,'O'Brian,
/>•'•
Co.'1st
York, Chic. & St. Louis RR. 4%
New
Pur-;
$25
New
Supply
Brothers-Realty, Inc., 6%
9 /
8
(Providence,
(year-end)
com.
1-21
12-
$1%
(quar.)
Co.
1
12-15
$5
1381
White,- Weld & Co., Carl M. Loeb,
Cohu & Torrey, Auchincloss, Parker &
Mitchell & Co., Kay, Richards & Co.,
Co.,
___!
:
1
National
units
consisting of one share 5%
cumulative preferred stock
[par $10]. and one share [par $1] of common 6tock).working capital.
Price, $11 per unit.
Offered
-
1966
'
Purpose,
■
due
A,
Jan
/;./,/
12-20
2-
12-19
'
MISCELLANEOUS
12-27
$1%
Laughlin, Inc.,
conv.
Boston
12-15
$1
45c
semi-annual
752
of Rea.
12-24
t$3%
v
<fe Son, Inc. •'
(year-end)
Birmingham Electric Co., $7 pfd. (quar.)^..
$6 preferred (quar.)
Birmingham Fire Insurance (Ala.) (quar.)_
Bishop Oil Co.
(quar.)
'
Holder*
$2
50c
Bethlehem Foundry & Machine Co.. 7%
Machine
When
Pay'ble
•
Share
Bird
15
Co.
conv.
Bird
—_Jan
Gas
$2
15
5s,
of
Aircraft
Corp. (initial)
Benson k Hedges, com. (initial)
6s„_Dec 26
conv.
Mayaguez
6 Vis of
'
Bell
o
1
notes-Jan
bonds__
mtge.
3% bonds,
Coal
3%
Per
Name
1377.
1377
Lehigh Valley Transit Corp. 1st mtge. bonds, due 1945_Jan
Louisville & Nashville RR. unified mtge. bonds
Jan
Manila
•
.
,
Brownhoist
Inland Steel Co.
due
RR. G.
Page
1
16
bonds, due 1951—J—,,—Jun
Consolidated, Telephone Co. 4%%
Jefferson
Co., Cavanaugh,Morgan & Co., Barrett
Co., Inc., Cohu &
Torrey, Rirsch', LUienthal & Co., O'Brian, Mitchell <fc Co.
and Murdoch, Dearth & White.
'/■
Illinois
Industrial
■'
(par $1),""
$4.40
.
V;,
^
E.
Aircraft' Corp." (Calif.) 135,000 shares of capital
Purpose, increase working capital.
Price,
"
r
W.
Weeks, Hemphill, No-yes & Co., Kidder, Peabody & Co.,»
Spencer '.Trask- & Co., Bosworth, Chanute, Lough r idge &
Co., Reynolds & Co. and Auchincloss, Parker & Redpath.-
'
■
*//',;
o-}
Corp.,
-Date '•"
Georgia-Carolina Power Co. 1st mortgage 5s, due 1952.Jan
Safety Razor Co. preference stock——
—Dec
Gillette
'
$4
(s-a)__
$5
1-
2
12-15
12-15
12-15
12-20
12-
I
11
i
Saturdays December 43+A 941
"'•A
FINANCIAL CHRONICLE
THE COMMERCIAL &
'Zi iZ:i:
1482
—
-■
•
[-
Per
Share
of Company
Name
(W. H.)
(s-a)
--1** .
Fruit Corp., $3 partic. pref. ____
Detroit Bank (Detroit, Mich.)
(s-a)
Detroit .-'Trust' Co, (s-a)
Devoe & Raynolds, class "A—4/--r:__.--4
--'■Class ■ B
4—
Diamond Alkali Co. (special)
Dollar Savings & Trust Co.(Dayton), class Br.
Dolphin Paint & Varnish, $2 cl. A (accuin)
Dominguez Oil Fields Co. (monthly)
Donahoe's, Inc., 6% preferred (quar.)
Dravo Corporation, 6% preferred (quar.)___
(Common
Dunkirk Trust
12-
*
Holly Development Co. (quar.)
Home Indemnity Co., (year-end);
12-15
Homewood
12-23
12-15
1-
2
12-22
1-
2
12-22
.
25c
■;•
$1A
12-22
50c
12-15
(quar.)
(N. Y.)
Canada
EX tl'ft
12-15
25c
12-24
12-12
•
12-15
12-10
'
1-2
12-19
75c
•
.
i
;
.
15c
1-
2
12-19
$2
1-
2
12-10
:>7
—
-.Extra
:4_4_VV
(quar,)
Bank & Trust Co.
V
(s-a)
2
12-15 (
12-15 '
12-24
12-15
10c
12-24
(quar.)
12-24
40c
12-22
t$lA
12-24
\25c
Asphalt Products, Inc.
Federal
Petroleums,
7:
;
12-15 r
.
12-13
12-13
2
-
42-19
12-18
2Ac
12-10
12-
lc
42-30
75c
^1-15
$1A
1-15
(Washington, ;
i quar.
50c
Co.__.__-:—zzzZ'
Federation Bank & Trust
Ferry Cap & Set Screw Co. 1L____
Bank
Bank* (Binghamton,
First
National
First
National Bank
:
tee
shares
(quar.)
KyJ,
(Louisville,
I-
'$6
'$3
$ 1A
12-15
712-,5
*■'■
N.
Bank
744-- .'j
J.i
12-26 7
(s-a)
(year-end )__*
.____
Co.
(Greenfield,
_______
Mercantile Laundry
(quar.)__
8% preferred (quar.)._
class A (year-end l
Baking Co.,
Candy Corp.,
General
Machinery
Corp.,
•
12-10
12 -
8
12-
5
I-
2
12-17
1-
2
12-17
*1-
2
12-17
1-
2
12-17
"
Co.
Hoist
Inc.,
Lava
Lerner
$3
12-31
12-27
Levy
$2
12-20
12-10
Oil
Grand
___
7%
Inc.,
11-21
12-18
Lima
Locomotive Works
(stock dividend) _!•_
12-15
preferred (quar.)__
12-24
12-13
Lipton (Thomas J.), 6%
Lisk Manufacturing Co.
12-19
Loew's,
■
12-24
12-19
12-27
12-20
Knight Co.,
&
•
12-23
12-10
-12-24
12-12
1-
12-12
2
West
6%
Saddlery
/
1-
2
1-
2
,
12-12
:7
secopd preferred
Die, common
preferred (year-end)
Greenwich
Gas,
Water
12-18
1
1-
1
12-18
1-
l-
12-18
(Del.), com.
Greyhound Corp.
in
Gruman
preference (quar.)
Aircraft Engineering
8%
McGraw
12-16
McKee
Extra
12-30
12-15
Year-end
Gulf
Mobile
H.
B.
&
&
81
12-29
12-23
$IA
12-29
12-23
12-20
2.44c
1-
2
12-20
$1A
1-
2
,
Machine
American
Halifax Insurance Co.
Haisted
<
k
Exchange
(quar.)'
Co.,
12-29
12-19
12-29
12-19
Middle States Securities
12-30
12-20
Milnor,
1-
2
12-20
Mission
1-
2
12-20
(irregular) __—__—______
Missouri Edison Co., $7 pref. (quar.) ______
t75c
12-29
12-19
Mode
$2 A
12-27
12-19
Moloney
12-15
12-
Additional
Bank
National
Fire Insurance Co.
Hanover
(Chicago)
partic. preference
1
Harding
Carpets, Ltd.
Hawaiian
Hawaiian
Heller
(W.
Cons.
Ry.,
Ltd.
pref.
(resumed)
—
Ltd.
_i__—
& Co., common (quar.) —
Sumatra
E.)
1%
-
Plantation,
.
7%
preferred
!i___—_
(quar.)
Henkel-Clau&a Co.,
com.
.$6 preferred (quar.)
Hercules Motors Corp.
(irregular)________
—
(year-end)
■
Inc.,
(yr.-end)
(year-end)
—___________—
Mo'neta Porcupine Mines, Ltd.
I-
2
12-29
Montana-Dakota
(quar,)__—__
preferred
(quar.)
Common
12-17
12-20.-
12-10
Morris &
1-2
12-17
Morris
Essex RR.
Plan
Bank
Co.
of
> *- $1%
(s*a)—$2'/rt
New Haven
12-17
$3
I-
2
12-19
Quarterly increased
Morris Plan Bank of Virginia (s-a)
75c
1-
2
12- 4
Motors
10c
12-23
12-14
60c
12-23
12-14
25c
12-10
12-
12-15
12-10
20c
12-16
12-10-
10c
12-26
12-16
.
12-26
12-29
12-12
12-26
12-15
50c
.
11;
preferred quar.)
Murray Ohio Manufacturing Co.
V 5W'fc
12-12
:
end)
*
j
•
1
"1
_
_L
Nashville
& Decatur
7
r...i C,
RR.,
7'/arA
Pittsburgh
12-10
12-22
Plaza
12-11
Porto
12-22
12-15
;
guar,
......
(s-a)
30c
7 90c
-•
37VaC
$134
12-10
12-23
87 '/kc
tlV*
12-23
>, 1-15,
12-31
1-15
12-31
4c
12-22
12-15
12-12
12-15
1- 2 f 12-19
12-22 *12-10
12-15
12- 5
•/_ 25c ^ 12-29 " 12-19
^ >*■!' '
$1 S 12-30
I2-1'9
93%c
1- 1 r 12-16
'; n sf
12-12
12-11
■
2
1-
2
12-10
12-10
11-29
12-15
12-19
12-12
12-13
12-15
12-12
12-17
12-31
$2
50c
t$l%
■7 50c
72c
—
Ltd.
(quar.)
of Colorado—
—
(quar.)_____
——
7.___
preferred (quar.)
Drug Co., class A (qusr.)
Roller Bit Co. (quar.)
—
Engineering
Brass,
preferred
12-19
12-15
(monthly)*__i:___L.__l__^____
&
12-19
1- 2
1-20
12-26-:
12-23
(monthly)__
7%
!___
(year-end)
pref.
•
■
■
12-31
12-
12-15
1- 2
12-24
1-15
1-15
12-31
$2
$2V2
58V3C
50c
41%c
3
12-12
12-11
12-15
12-24
12-10
12-20
50c
1- 2
1-2
1- 2
1-15
5c
12-15
12-10
$2
20c
87Ac
$llA
25c
12-15
1-28
1- 1
1- I
12-20
12-
12-20
12-20
12-15
9
12-19
12-18
12-18
12-15
12-15
12-
5
12-15
12-
5
12-16
8%c
12-31
1- 1
12-26
12-29
25c
25c
50c
12-24
12-24
12-26
12-15
t$7
t$5',4
12-24
12-24
12-15
$1%
1- 2
12-26
25c
50c
50c
Sl'/a
10c
10c
IOC
$1%
:
12-
3
12-17
12-15
12-15
12-16
12-15
12-17*
12-12
42-12
$l'/2
30c
12-26
1- 1
1- 1
• 1- 2
12-30
20c
12-30
12-20
750c
12Ac
Royalty Income Shares, series A
.0028c
St. Louis National Stock- Yards—SI1/*
St. Louis Screw & Bolt_______-—$IA
Additional
—
$3 A
San Carlos Milling Co., Ltd. (year-end
—
35c
Stwv-Nap-Pac Mfg., 70c pref. (qua*.V___—
17Ac
Sangamo Electrie Co. (quar.)—50c
1- 2
12-27
12-26
1-; 2
Metal
Riverside
Products
(quar.)
Silk Mills,
$13/*
•
(quar.)______
12-11
12-20
12-13
12-10
.
12-29
12-22
12-20
12-26
12-20
12-2U
12-29
12-15
12-11
12-20
12-19
12-27
(quar.)
50c
12-23
(quar.)___._
12 Ac
12-15
/" Schmidt Brewing Co.
___
5c
12-15
Scranton Electric Co., $6 pref. (quar.''' $1'A.j
1- 2
.,tv 4
..
Hi
.
••W iSavannah 8«fgar
Scblage Lock Co,
12-15
12-15
Ltd.—
partic, class A preferred
Romeo Pump Co. (initial)
$2
■
1-
12-20
15c
$1V2
8%• preferred (quar.)
Service Corp.
Riecke
;•
3
(increased quar.)—
____—
V.//V Extra '4
/
12-12
12-31
Reynolds Metals Co., 5A 7 conv. pf. (quar.I
Reynolds (R. J.) Tobacco1 Co., com. (yr.-end)
Common B (year-end)
Rice-Stix Dry Goods, 77
1st pref, (quar.):
77 2nd preferred (quar.) ________
Richmond Water Works. 67. pref. (quar,)__
12-20
12-19
12-11
12-27
12-27
12-24
1-15
1-15
12-31
12-20
12-19
Extra
2-15
12-20
12-
25c
Reading Gas Co. (Pa.) (s-at___
Folding Machine (year-end)
12-15
12-16
12-27
$314
Lambert, Inc,
5(47
5
12-
12-2
(s-a)__
(irreg.)
Ray-O-Vac Co., common
1
12- 9
12-15
12-10
12-22
__i
Reece
12-15
12- !)
12- 9'.
12-31.
1- 2
12-15
12-15
,
15c"
(quar.)
Electric
12-12
12i3l
,
12-22
12-20
Metallurgical
Copper &
13- lr
75c
$1
preferred
preferred
Revere
12-16
42-20
$l'/a
Co.___
.
Reliance
12-24
12-29
12-23
preferred
Reed
3-6
12-24
12-16
12-22
67
Reed
-
6
50c
50c
Extra
3-21
12-10
12- 5
12-31
12-12
12-20
12-
12-18
_______________—
77
87
12- 6
12-20
3-16
12-29
12-29
12-20 j
7
4- 2
1-15 ;;
12-20
(year-end)__-_____i—80c
___!
$1
(monthly>___>_.___
Public Serv. Corp. (N. J.), 67 pref.(monthly)
Purolator Products, Inc.
(irregular)
Quisett Mill (year-end)
—;
Radio Corporation of America, com. (yr-end)
$3.50 conv. 1st preferred (quar.) ________
■\i $5 preferred B (quar.)
Rapid Electrotype Co. (resumed)
_________
12-20
12-20
v
12-11
Providence & Worcester RR.
57
'
9
12- 9
_____i—,—_________ '
(resumed)
Rico Power Co., Ltd., 77 pref (quar.)
Public
12-
12- 9
1- 2
Premier Gold Mining Co.,
12-17.
12-20
12-20
12-12
12-10
12-20
.12-13
12-23
(year-end)
Proctor & Gamble,
12-20
12-20
$1%
(quar.)
Mfg. Co.
Pratt &
.
5
12-30
12-15
Permanent Bldg. & Loan Ass'n
Extra.
PoIlaR
12-15
10c
$2
Plymouth Cordage Co.
12-17
12- 9
42-
1- 2
12-30
(year-end)
Inc.
(quar.)
Plough. Inc.
12-22
- v
Nachman-Springfilled Corp. _________—•
Nashville ChattanoogaSt. Louis Ry'. fyear-»
$1A
12-24
____________
Philadelphia Bourse
Philippine Long Distance Telephone
Pictorial Paper Package (year-end)
12-24
12-15
•'
v12-12
~
Co.
12-12
40c
15c
Co.
Paul,
Peter
12-20
(year-end)
conv.
Perinutit
—
Mutual
12-29
$4
.
,
(Hawaii)
conv.
60c
Pepeeko Sugar
Pepsi-Cola Co.
12-20
12-29
*1- 2
12-24
com.
Extra
Peoples Telephone Corp. (quar.)
Peoria Water Works, 77
prof,
.-
12-18
12-26'
;
Products :Corp,___^_
Telephone Co.
60c
12-19
$l'/a
$l'/4
$17a
25c
1,*
12-19
50c ? 12-31
50c •• 12-24
Mt. Diablo Oil Min. & Develop. Co, (quar,)
lc : 3- 3
Mountain' Trust Bank (Roanoke, Va.$2*A '
1- 2
Murphy (G. C.) Co., 5% pref, (quar.);r
$iy*
1- 2
Murphy Faint Co., Ltd., conv, (quar,l____*__
- 720© '"v 1-'*2 -
5
65c
43 %c
---.
_
$2
(extra)—_
2
t60c
.
12-15
1__
____:
preferred A (quar.)
preferred B (quar.) ___________
Peerless Casualty Co., 67 preferred is-a)__
Peninsular Telephone (year-end 1
Pennsylvania Co. for Insurances on Lives &
Granting Annuities (quar.)
_____
Pennsylvania Forge Corp. (quar.) _J__—__
12-19
(quar,)
$1%
(quar.)
$ 1V2
12-29
___—________—'-:$iy4 .12-29
Monongahela Valley Water, 17e pret.
Utilities, 6% pref,
12-12
1st
67
12-10
12-17
$l>/»
10c
25c
25c
$1"/*
15c
10c
15c
15c
$3
25c
(year-end) _____—
Ltd. (quar.)„
Investment Fund, Inc,
Co.
Payne Furnace & Supply,
12-20
1-2
_____________
preferred (quar.)
2nd preferred (quar.)
'67'
,11-18
12-22
12-19
12-19
1-15
1-15
12-9
>
non-cum.
Paramount Pictures, Inc., com.
■'.-T2-I5.
Jan.
12-30
1- 2
25c
$4
$4
t2c
(year-end)
—Electric Co., class A (year-end)—?-
B
Class
4
American
Pan
12-10
21-10
6%
^irregular)
Machinery
2
12-23
$13A
__I
(quar.f
Wood Products Corp.,
preferred
5
12-15
(year-end)_
Com.
Pahang Rubber Co.,
: t$5
O'Day Corp.
1-
1
Produce Co..
&
preferred
Package
12-23
-
15c
35c
'
$l'/2
(year-end)
Terminal
12-10
2
6'»,
12-30
12-30
Corp,
2
1-
110c
(s-a)
Hawaiian Canneries Co.,
Inc.
1-
12-19;
t$l
Bank
Trust & Sav.
$1A
30c
(quar.)
(Chicago) (quar.)
Hartford-Connecticut Trust Co. (quar.>___„
Hawaiian Agricultural Co. (monthly)—Harris
;
."77 25c.
Plywood Corp., $2 conv. preferred-
Harbor
pfd. (quar.)
*■
Pacific
$1A
$1
»1
75c
10c
75c
25c
$1%
8
12-15
' '1- 2
' 1- 2
'1- 2
$1
Lighting Corp.," $5 preL . (quay.)
Pacific Tel. ft Tel. Co., com. (quar.)—__
12-20
(quar.)___—.
8
12-
26
t25c
$l'/2
Pacific
1- 2
—
Corp.
L_—____•—
12-12
20:
41%c
>7 25c
$3.50 conv. preferred (quar.)
12-20
12-20
25c
50c
——--.j.——
'Hamilton Mfg. Co., class A
v
$
—
Greyhound Lines,
Pacific
12-26
1- 2
4-1
12-15
12-12
12-
12-20
—
Pacific Fruit
12-23
13%©
t60c
(s-aV
;
(quar.)___—_______
(quar.)
Pacific Can Co.. (quar.)/______
62'/2C
5c
$1
12-15
(quar.) —
shares
Bank
National
6TV preferred
12-18
12-18
Michigan Silica Co.__.____———*Mid-City National Bank of Chicago—'
12-11
12-15
$l'/a "■ 12-30 ;*
- - $5
1- 2.
(quar,)_,
Quarterly
12- 6
12-22
? 12- 5
12-19
1$l'/4
12-27
2
2
58Ac
Orange & Rockland Electric, 5%
12-19
12-29
V
20c
12-31
12-15
12-31
50c
C\
Extra
1-20
>
12-12
2
2
r
_•
Associates
trust
series
1st
Omaha
.12-29
Milwaukee
pref
6%
7" v'
Co.—
7
8
f 2
12-29
'•
$15
Old Colony Trust
,
Meyer-Blanke Co., com (year-end)_____—75c
12-12
7
pref erred (quar.)
______
- $1%-.'.12-27
Michigan Cities Natural Gas Co. (s-a)_-__—
v
2c
12-15
25c
$1
12-30
1- 2
12-
7 12-16
Co.
Special
-7 $134
12-29
$1
12-29
25c 7. 12-27
;'.*: 25c ;% 1- 2
•" 50c
1- 2
$1
12-20'
;'t$l,/a
12-15
Mergenthaler Linotype Co.-(year-end)______
Merrimack Manufacturing Co., 5% preferred
12-20
$ll/4
12-15
12- 8
:-'ip 75C.u* 12-15
Ltd.:(quar.)
Colony Insurance Co.
Old
12-19
-
12-11
12-29
—______
(monthly)
preferred
—
Trust
&
20c
$l'/4
.!•
Ohio Water Service Co.", class
5.
$l3/4-- -1- 2
40c- 12-29
2c
12-26
'
Extra
■
2
(initial)-
pref.
•
(year-end)______
Ltd.
Building,
(quar.)____
12-23
.
12-15
.
:
.
12-31
,
-i: .75c
$10
—.___
class B
;
12-23
2
(Baltimore)
$5
-
12-
12-11
27?' 12-17
1-
90c
-'6preferred (monthly)?
7%; preferred (monthly
.12-15
12-5
1- 2 7 12-20
1-24
12-31
12-23
12-15
12-22
(s-a)________:_
12-31
t$I A
Ohio RR..
(Arthur G-) Co.,
..
t5c
-
7%. 1st pref. (quar.)
McLeod
1-
________
Bank
Park
•
—_
(quar.) >
Service
Public
5%
•
Flour Mills,
Ogilvie
''
(quar.)__i.
McQuay-Norris Manufacturing Co—
—
Merchants Bank of New York (quar.)—____
1-
semi-annual
(Ont.)
pref.
preferred
12-20
2
Guelph & Ontario Investment & Sav. Society,
Guelph Trust Co.
Guilford
Realty,
(irregular)
(extra)
Co.
Electric
12-17
12c
(year-end)___
;
(irregular)
preferred
2nd
12-18
31 Ac
(quar.)
Hyde
&
(Cincinnati)
12-15
12-31
•
50c
?
50c
_ .
37V4c
......
50c
(Ky.)
Trust Co. (Bait.)
Co. (irregular)
12-26
175c
(quar.)
:
.
—__—
7%
-
,
Oil
Mascot
1
Co.,
Water
12-30
1-
12-20
12-31
•• 12-31
<
_:
reduced)
(quarterly
35c
12-24
$2
50c
$1
■
50c
10c
12-22
*$3'/2
___
12-18
12-29
t$3%
Extra
5%%
12-
Petroleum Co.
McCaskey Register Co.,
first
;
Norwood
Ohio
12-19
12-9
-
37V2C
(year-
Mines, Ltd. (irregular)
Mahon (R. C.) Co. (year-end)
_____
Mahoning Coal Railroad, common (year-end) •
5%
preferred (s-a)
Manufacturers
&
Traders Trust
(Buffalo)
Maryland
(quar.)
pref.
Magnet Consolidated
3
12-15
(year-end)__
6%
System,
MacMillan
12-
1- 2
Participating
Greenwich
12-15
12-15
common
,$1.25 participating preferred
Gas
Louisville
1-
1-
(year-end)
& Electric
Common
12-20
12-15
175c
Greenfield Tap &
$6
6%
Ltd.,
Co.,
(quar. t
preferred
5
(quar.)
Co. ,•
Northwestern. Yeast
12-13
pre¬
—
Cement Co., com.
—
20c
(quar.)
7%
Ltd.,
—:
Portland
$1%
4%.
-
-
i—LZZZZZZ'i''■
Theatres,
end)
12-18
12-29
t$5A
(Winnipeg)
Assur.
-
—:—
—
(aceum.)
ferred
Longhcrn
;
$62 Ac
_
Life
West
Great
.
(Marcus)
Loew's
Marion
(initial)
783/4C
(special)___
(year-end)___—
Co.
Bell Tclephone Co.
Northwestern
12-15
12-20
1-15
2- 1
12-29
1- 2
$114
J30c
$1'A
<year-end)__
—i——.,?!——!;
EXtra
12-15
_____
common
preferred
Great
Inc.
2
:7.7
Rapids Varnish
City Steel (year-end)
7
12-16
12-15
10c
2c
*
$1
t$2
Granite
7%
(payable
pref.
—-
1
J$2 A
funds)
Graton
preferred (quar.)—
Brothers Co., Ltd. (year-end)
2
Canada, com.
(quar.)
12-15
Gas
H
12-13
'» $!%.■'«-12-29
(Cine.)
Corp.
Finance
Natural
Northern
12-2a "'12-15
1 r, 50c
(quar.)_—:___
1-
$134
___
1
V
12-13
stock for
cap.
85C
12-19 '•
f_——^ -
__
common
12-
$1
Co.
Pumps.
S.
U.
Co.
Corp.,
Stores
12-23
f63c
preferred
12-31
12-15
6
12-10
American, com.,
Co.
& Trust
Bank
Side
Northern-IHinois
Gold Mining Corp.
Cap
t$2
50c
(increased).
_________
$1%
20c
12-19
12-
12-30
12-31
Life Insurance Co.— ."7
Standard
50c
87 Ac
(quar.)
Extra
__
(s-a)
Ltd.,'7^'0 pref.' laccunv.)'
Northeastern Water & Electric Corp. i.year-
J 12-23
—LSI A
"1.^'
-V $?A .CyJI- 1
:
Liberty National Bank (Chicago) (quar.)—Life Insurance Co. of Va. .(irregular)
—
12 Ac
Goodyear Tire,& Rubber Co. of
1- 2
1- 2
1- 2
90c 7 42
$1 >/»
12
North Star Oil Co.,
'C:-L
12-
1-24
'.h'm
12-15-7V;.
12-15
-
'
each. 50 shares of North
12-15
Z* ;T2-22
; ' •
(S-a)—".
A
Machine
Landis
12-12
12-12
$1A
.'
class A
(year-end)
Inc.
share of Detroit Edison
One
—
12-23
75c
(quar.)
.
—
12-19
50c
$7 preferred
Goulds
i
3c
75c
.
(Phila.)
Co.
Godchaux Sugars,
5%
class
75C
$2
v?
common___._-___
convertible preferred (quar.)
General Steel Wares (initial)
Gilbert (A. C.) Co., $3.50 pref. (quar.)__
Gordon
3
12-10
75c
4%%
Trust
(year-end)
Noblitt-Sparks Industries,
North American Co.— 7'
Common
12-19
15c12-15
1'2-12
preferred (qoar.):___^___-_____„___:
Sl'/a
2
Newport Electric, 67e pref. (quar.)
'•?£:• $lr/a
30
Niagara Share Corp.. class B .(year-end) ___
20c •; 12
4
6'r 1 preferred A
(quar.) ____________—_
$lVi
12 -30
Nicholson File Co., com. (quar.)
» v 30c ;.V-12
12-15
^- $2;
.
_—
General
Globe
5
40c
General
Girard
5
12-
75c
Packing Co._
_________________
Manufacturing Co., class A___
Class B
v
12-
12-10
$1A
pref. (quar.)
Gannett Co., Inc., class B conv.
*20c
$1%
$1%
•:$6
X-
4y%ric
(year-end)
Market Cold Storage, 8% preferred.-
Gemmer
12-10
$1A
Franklin Railway Supply
Garlock
% 1-2;
25c
Trust
County
12-26
2
50c
25c
■
(extra)
Steel
Pressed
(quar.)
(s-a)—;—
pref, (quar.)
CO.
Light, <1%
Power «fe
York
New
8
Telegraph
Mutual
York
New
West. Ry.
&
New'York Lackawanna
—
12-
$1%
(quar.V
Co.
Brewing
Franklin
Fulton
1-
V 50c
$6 preferred
Light,
Power &
Pitt
-Mass.)
i
—
$7 preferred
Gallant
::
50c
Shoe Co., class A'—
8
1-15 x
12-15.
1- 2
12-22;
2-2
25c
12
62V2C *'T2
$l ,/r
75c
$1%
______
Mng.(yr.-end)
'
25c
—
B
Fostoria
11-25
2
.
Florsheim
Fort
1
I-
$3
■
Florida
12-
—
Extra
Class
12-1
50c
—
Class B
..»
12-15,
2
>'r $1
.
(Utah)
Corp. of Ogden
Class A
12-
lOOCi ' "12-20
12-24
$1%
,1-15); 12-20
..
25c
>1- 2
12-20
Vic preferred (quar.)
—ill-. :"x.' $1%
1- 2
Kansas City Southern RR.—»
'r
;12-13
4%
non-cuin.
preferred (year-end) ___2_
$2
12-23
12-12
Kansas Gas & Elec., 7% pref. (quar.) __4.—$13A
'< 1- 2
12-12
$6 preferred
(quar.)
.I——4——_—$1 %
t- 2
12-20 :
Kansas Power Co., $7 preferred
(quar.)—-?-*
$1% x 1- 212-20
$6 preferred
(quar.)—————$1V2
1- 2
Keith-AIbee-Orpheuin Corp., VU: conv. pref.;1 >;•'•••' ■■■*>■
*
12-19
(quar.) —;i
Tr.)'' $l%-,-. ;* 1-2
1- »
Kellogg Switchboard <fe Supply, common_r_-";
V- 25c
^ 1-30
1- 6
b'k preferred (quar.)_„___
; $!'/»*1-30
12-19
Kelsey-Ha.ves V/heel Co., $1.50 conv. cl A__ ■
• }$ t$l ^ 12-26
12-15
Keystone Public Service Co., $2.80 pf. (quar.)
70c
,1- 2
I2T-I5
Kobe, Inc., 6% preferred (quar.)
:____
' ■ t30c", 12-20
12-20
Koppers Co., 6% preferred (quar.)
—_ .$l'/2
1- 1
12-20
Kresge Dept. Stores, 4'//>. conv. 1st pfd. (quar.)
■ ;$1
^ 1_ 2
12-12
Lackawanna RR. (N. J.), i'/c guar. (quar.V
$1
1- 2
12-16
Lambert Company ;
37'/2C
1- 2
12-15
Lambrtm Loan & Investment Co. (Ont.)Vs-al
t$l
1- 2
12-15
Extra
v.) 5°c
!• 2
11-27
11-25
$1
:
(s-a)
First Security
York & Honduras Rosario
.
1-
(Ramsey,
Co.
Trust
&
York
New
;7:
'777
42-12
$l'/a 'J- 12-15
22
:
(year-end)
Co.
Auction
New
8
(Greensboro, N. C.) (stock dividend)——*
Joliet & Chicago RR. Co., stamped
(quar.)
Kahn's (E.) Sons. Co.. common (quar.)——
x; ,7-A-.
12- 2
50c
National
First
j'conv. preferred (s-a)
■
12-
•^$2^,12-31
(Pitts.) (s-a)
Bank
Ironer "Co.
Jefferson
12-17 '
12-22
trus-
——
5%
2
i
_____—
Jamestown Telephone Corp.—
v
6% first preferred (quar.)—;
1
12-27
(monthly)
(Palm Springs)
Nat'I Bank
Monthly
..
'
/
Eastern Gas Co., com.
12-16
'
12-12*
.
7% pref. (quar.)_
Co.* 7% pref. (quar.)
Co. (quar.)__—
Water
New Mexico
9-25
12-.T0 '
(year-end 1
(New York) (quar.)—_lT_ y . .15c
Itogon Mining Co, >_
i—
Lit-')lc
12-20
•
(quar,)_—
Ltd., 6convertible
12-22
.
25c
.
Trust Co.
Irving
12-31
2
"^.250
:_i________
42-12'"';
'
Co. *___
London Northern RR.
North
J75c
,(qUar.)
preferred
Ironrite
15c
$20
*
New. Jersey
12-
$1
Jersey 21inc Co.,
New
pref.
conv.
Extra
1
712-30
12-31
75c *
(quar.)
Bank & Trust (New Haven) —
-25%, stock dividend
First National Bank of New York
(reduced
First
>
$1
:
—______—______
12-15
V 7--.gl.Va1- 2
$1% ,, v 1- 2
20c^ 12-24
America
of
Co.
Iron & Glass Dollar Sav.
12-17712-20 J
$1A
*
*■
First National
•
12-
9
12-30
i'V iC
Y.)"
N.
—
$114-;M2-29
Investment Foundation,
)
12-16
j
5%
Co.,
Paper
International Products Corp.
'12-31
12-29
:
___•_
—
Investment
40c
'7
(quar.)_m_::_ '
Y.r
(N.
of California
i.
-
12-22
•-50c
•
ryear-end)l_
;
12-20
New
$1.V" 12-24
$l.r/a V'l- 2
1
_
Special
12-12 ■:
•
<
;
12-15
K
12-12
•.4
1
.12-26 >;12-15
20c
Trust Co.
Savings &
2
1
lOc
12-30
5c
12-30
Navarro Oil Co. - (year-end)
_____
,
40c _„12-26
Neon Products of Western Canada; Ltd.__r_
; 730c
12-20
New Britain Machine Co.
(year-end)—___
$2 ., 12-20
New Hampshire Fire Inc. Co.
(quar.)j_
Vi-;. 40c
1- 2
12-15-
12-29
(quar.)7
6 '
12-31>
12-31
-
Avenue
12-
40c
___
(StamfOTd, Conn)''
(Baltimore)
Fidelity Trust Co.
Flltrol 00",
6% pf. (quar.)
Co., 6%
pref.
Elec.
Michigan
&
International
x
12-15
12-26
;
(extra)
& Deposit Co. (Md.l
Fund,. Inc. (year-endI
Fidelity Title & Trust Co.
Fifth
v
12-19 '
-
12-27 :*
-
.___
'
'
Fidelity
Indiana General Service Co.,
(quar,)
of Rdc.
(N. Y.)
Bank & Trust Co.
Extra
12-16
$1%
>
Stamping Co.$1
Quarterly
National Tool
12-20
12-16
50c
V12-30;
$1-%--
Jrisr-.
(quar.—
Co.___:
(year-endi
,
■
>■•
(year-end ).:ii_;
(
preferred
Fidelity
,
12-13
,,
12-20
$5'
10c
(quar.)
C.)
*
12-19
12-20
$3 A
-•
^
Ltd.
12-13
National
1-
1-
-
,
Federal Services Finance Corp.
12-13
•12-27
preferred (quar.) —
12-12
Indiana Pipe Line Co.
12-20
Indiana Trust Co.
(Indianapolis) (s-a)t $3 •
12-31
12-15
Inland Investors, Inc. (year-end)
~
>" 50c
12-23
12-31
Insurance Co. of North America (s-a)___^i.
-. 7
j '
1-15, 12-31
Extra
—»>__i—— -'"'l.
.; 50c.1-15;«■•
12-16
Insuranshares Certificates, Inc. (Md.) - (s-a):v - 10c12-26
12-18
Interchemical Corp. (year-endi
;
7; 40c?) 12-23
12-10
Inter-Island Steam Navigation (irregular) 2._ 50c _ 12-17
12-12
Interlake Steamship Co.
—.
$2
12-23 :
12-17
International Cellucdtton Products (quar.)_' *
STfic
*1-'2 . 12- 9
;s $1
12-27
Special
;
12-19
2 "
1-
$1V8
•
_1
^12-27
Park
Indiana
12-15 '
~
.12-22
•
(irregular)
Federal
1-
*
10c
—
Manufacturing Co?
Hedders
Safety
—
t) 7%
12-15
12-24
,
(N. Y.)
National
12-30
Pneumatic Tool
,,,
12-15
v
12-24
J
.'6%
1-
10c
<:
National Bank & Trust Co.
Pallkill
12-17
Independent
12-24
25c
(quar.
f -Extra' '
-'.(4%%. preferred
12-20
12-20 r
5c
-V $2%
6% preferred____;._
(Del.) com. (quar.)
Empire District Electric,
Pairmount Creamery Co.
Radiator
12-20
20 c
,
Products Co. (quar. I
—
Elizabethtown Water Co. Consolidated
National
Material, $1.50 conv. pref.
common
preferred
2nd
12-15
Breweries Assoc., Inc., (yr-end-^tv^'b^^l
Imperial Chemical Industries, Ltd.—
Amer. dep. rets, for ord. shares (interim)
5%c>) 12.- 6"?
Income Foundation Fund, Inc.
(quar.)__—Vv-Uf I1Acv ,:12-20
—.
Howard Stock Fund
&
Electrical
"D.
12-20
7 >' 25c
5%. pref. (quar,>__~
Balanced Fund (quar.)____
Extra
Elmiva
-12-20
$2'
•
Eaton
(year-endr_i?I' SOc.;
;-.7%
12-20
r
Huttig Sash & Door Co.,
Vh preferred (quar.)
y'''
Holders
.
Payable
77V 1st pref.
Candy,
National Enameling &
1
12-
6:.
12.
______
*
When
■
Per
Share
(New Orleans)
——40c
(quar.)_^:___
SI3/*
(s-a)
National
12-31
1-25,
.
(quar.)—87%c *
Oil Field
''••
•
Bank of Commerce
National
v;
'
12-12
•
12-207
12-20 V
.
1-2
$1
—
Steel Products,
Eastern
Natural Gas, common
-
12-10
i
2
1-
nm
-'4
i$i"
•
(quar.)
Inc.
4
Bank
preferred'..
Hyde
J.J
Eaton & Howard
12-20
$1
'wiwW~»
**•'
Magnesia Talc Co.,
Eastern
4
12-
/.
1
37'/2C
12-23
Howe Sound Co.
(quar.^
r75c
•T12-23
r Extra
;____" i*':';.'--.7.7Sc - ■
Hummell-Ross Fibre (quar.)
yiI5c. 12-30
12-30
tExtra
,V'; 15c
W 12-24
6% preferred (quar.)
iv $11A7.
12-10
t$2
'
(quar.)
Houston
(quar.)
•
37 Ac
(Halifax)
& Loan Co.
Sav.
12-
712-19
Ic
Honomu
Houston
9
12-lb
>12-15
.'' i 75 c «■
(Pittsburgh), (resumed)
Sugar Co.-,. Ltd.
(irreg.)____^_^::__;,.^'70c
'*» .7%
.
'^r
of Company
Name
.
.
.
Extra
■
Eastern
■
12-12
,12-
'
V': 50c
12-15
$1
25c
.
,
12c
'
(initial)
Lumber Co.
(E.)
12-22
12-22
$1
;>
.(irreg..)___■„J1'zti
Ltd.
Light,
Electric
2
2
1-
t$l A
■•!
■'
Hilo
r
of Rec.
v
-a
Holders
When :
Payable
*
,
T
t
12-24
t$2A
preferred
De Giorgio
1
12-19
12-12
Hines
Canada, 5 A-
Securities Corp. of
Debenture &
of Rec.-
12-27
15c
Company-.
Name of
M
'■<: Per
Share
Holdert
r
Pav'ble
.
$lA
Mills (year-end)—
Steel Co. (quar.)
Davenport Hosiery
Davey
When
F
12-10
Refining
'12-10
T
h
12-
8
12-
8
f
•
-
*: >
Volume 154
Number 4019
Per
.-X" X'"X'■
Name
of Company
Scudder-Stevens & .Clark
Seaboard
:
Va.)
XX
Citizens
ii-_-
Security
Bank
(year-end)
(Louisville,
'
Allotment
2
12-31
12(4c
1-
2
12-31
70c
12-27
12-20
$3
12-15
12-10
■■■•>■
28c
(quar.)
Co.
35C
(Conn.)
1
12-16
12-15
Mines
2
12-20
12-19
1-
10c
12-19
12-23
12-17
1-
.-•■av 15c
lAc
(quar.)
$lc
'Silver
King Coalition Mines (quar.)
Singer Manufacturing (quar.)
10c'
X
;
Inc.
(quar.)
(L.
V, t.
$6
•
C.)
c.
Typewriters, Inc.—
(year-end)
preferred
12-24
12-10
12-10
12-18
12-
-
40c
1-18
75c
12-27
•;'
$1 (4
(year-end)
(increased)
preferred (quar.)
$3
_^_______
r_—_______________
Bank
(Sterling' Trust Corp.
Stix
•
Baer
Stroock
&
Fuller
(S.)
&
Sun Oil Co.,
(Toronto)
Co.,
Co.
T/o
-.'X 15cf
/.iss—
pref.
(quar.)
Salesbook
Co.,
X433/4C
$1.50
12-31
12-15
$2
12-20
12-15
X 2- 2
1-10
class
A
12-15
37 (4 C
12-15
12-
A (quar.)
82V4c
12-24
(ordinary)(s-a)
J 50c
Extra
'____—
Common
(semi-annual).
$1.50 preferred B (s-a)_'-__
X
■:
—
Railroad Co. (s-a)
Consolidated- Mining -Co.Tampa Gas Co., T/o pref*. (quar.)
r
8'i
preferred • (quar.)
XTappan Stove Co.
Tennessee
"Texas
(year-end)
Alabama
Electric
&
Service,
$1%
12-
1
11-24
$2
12-
1
11-24
25c
25c
12-15
$1V2
"1-2
$1.20
-...
'v—
pref.
■7
Edison
(monthly)
6'/e
preferred
(monthly)___________—___
5'X
preferred
(monthly)
Tombill
Co.
Gold
•^Toronto
(Ohio)
$2 (4
1-
Mortgage
Extra
Co.
2
12-20
50c
1-
2
12-20
41 %c
1-
2
12-20
T/o
(quar.)
6 'lo
Corp.,
n
Chatillon
Union
Buffalo
Corp.,
Mills
pref.
Union
National
Union
Savings Bank
Union
Trust
Extra.
-Union
^
"
T/o
i5c
Twist
1-
1
12-19
$1%
1-
2
12-20
10c
2-
2
1-15
(quar,)__.
United
Co.
Bond
&
Share,
Tool
&
Shares
United
Co.
Fruit
United
V.'o
$ 1 (4
$3
1-
2
12-20
$3
1-
2
12-20
25c
Light
prior
Ltd.
(quar.
class
$50
(special)
>
.
•
12-
$1
12-27
12-20
50c
12-22
12-12
12-22
12-12
1-15
10c
12-22
6.9632c
12-15
n
1-15
$3
Products,
58 (4c
3-
2
2-16
4-
1
3-16
United
-
Shirt
"!
(quar.)
—
Co.
United
States
Potash
United
States
Trust
United
States
Universal
(liquidating)
50c
4-
1
3-16
2
12-12
12-20
25c
12-19
12-16
5
12-16
12-22
Y.)
(quar.)
$15
1-
2
12-15
1-
2
12-15
15c
12-
8
12-'1
Home Fire Insurance
'Utah-Idaho Sug-ar Co.,
Valley
RR.
$1.10
;
'•
(year-end)
COc. cl. A pf.
(quar.)
15C
(semi-annual)
Co.
Norman
Tool
Machine
1-
55c
:*•
r Venezuela
Viau,
.
Syndicate, Inc*
Ltd., 5% pref; (quar.)
'Virginian
Railway
5c
$ 1 (4
(quar.)
62
Extra
-
:
(resumed)
common
preferred
(s-a)
——
12-20
12-18
12-27
12-18
i
Mills
wells Fargo
West
End
(resumed)
:
5'4
American
Bank & Union Trust Co. (quar.)
(Pittsburgh)
Electric
"'•Western
Grocers,
T/o
preferred
Co
—
Ltd.,
com.
T/o
(quar.)——
(quar.)
r
(Calif.)
Western Pipe & Steel Co.
r
(year-end)
preferred'(s-a)
Westmoreland Water,
'Wichita
Co.,
Water
$6 pref.
T/o
pref.
(quar.)
(quar.)
—
^
Wick wire Spencer Steel (initial)
'Winn & Lovett Grocery Co., class A
f
Class' A -1
'
f
(
Gr/>
—
prefet-red (American deposit receipts)
^Yellow & Checker'Cab Co.
(consol.)
'?■ Yosemite Portland Cement, 4%
4%
(quar.)
—•—
preferred (quar.)
Woodward Iron Co. (year-end)
Woolworth (F. W.)
& Co., Ltd.—•
To
•'
-
Bank
•'Western
60c
12-20
12-10
v/
25c
12-29
12-19
12-31
12-20
pref.
preferred
class A
•
:
7 American
of
$5
."American
t75c
1-15
12-20
c
Express
Co.
dividends
Gas
&
shares
(35c
Maize
Y.),
•
American
r
'
1-2
12-12
12-5
t30c
12-15
t35c
12-15
11-25
40c
12-15
11-19
414
1-
25c
12-22
12-
> 62
$2
12-29
12-15
75c
12-26
12-12
$2.50
12-22
$1
12-15
12-15-
25c
,
1-
1
12-
$l3/4
12-15
12-
6
t$iy8
American-Seating Co.
(year-end)
American.Service Co.,
$3 preferred
12-13
Snuff
American
•
American
Co., .common
American Sumatra Tobacco
—
Co.
common
T/o
Diamond Corp.
4
5
B
&
T/o
Boston
5
12-
9
r
12-15
50c
12- 9
11-24
r
f
12-23
12-11
$1V4
12-27
12-
8
$l3/4
'12-27
12-
8
40c
"
$ll/z
—
;
•
25c.
■
25c
—
,
$13,4
25c
-
Common
'
12-11
12-11
t
1-
12-11
•
2-
.11-28
12-15
11-29
2
12-15
———1-2
12->5*
12-
1
12-6
.(
( Brillo
12-15
1-15
12-23
15c
12-15
12-31
1
12-18
12-
5
12-15
12-
5
1
12-15
1-
2
12-
$1
1-
1
12-20
12-20
12-15
60c
5
12-
12- -1
12-10
12-15
12-
'
3c
X
$1(4
'!
•
10c
$30c
50c
,
V.
$1(4
5
12-23
12-3
12-26
11-22
12-20
12-
12-31
12-15
12-22
12-12
12-15
12-
5
1
75c
12-15
12-
1
12-15
12-
5
$334
1 2-15
1 2-
40c
12-15
12-8
40c
12-15
12-
12-10
(quar.)
5
8
t$l
12-20
50c
12-20
$2
12-15
11-28
$2(4
$1(4
12-31
11-29
75c
12-31
$1
12-31
12-T
$3
12-15
12-1
.$1
12-15
12--5
75c
12-20
12-12
t40c
12-22
10-25
(Irregular)
pref. (s-a)
'
1-
2
12-
8
12-10
'12-
1
X-:
}$i(4
$1(4
:
25c
(quar.)
(quar.)__
Mfg,'Co.; common. (year-end)__-_
(irregular)
?
9
62(4c
_____
1
•
15c
(quar.)
(quar.)
(quar.)
1-
$l34
12-19
Bearing Co
Light & Power Co, Ltd,
(resumed)
Common
12-15
25c
class A(s-a)
common
12-'1
X,."'-•
•„
12-22
:
preferred (quar.)
Class A
1- 2
f$2
..3c
(quar.)
Bridgeport Gas Light Co,
Briggs Manufacturing Co.
Briggs & 8tratton Corp
Bright (T. G.) Co., Ltd,
12-15
12-15
'—L
preferred
2
12-15
Corp. (year-end)j
Bridgeport Brass Co, common
5(4(4 preferred (initial quar.)
6'^
1-
12-10
25c
Breeze
;
11-21
40c
'
1-2
1-2;'
12-15
T/o
12-10
12-15
$1(4
Roller
•
1-2
(quar.)
.___•
Boston Woven Hose & Rubber, 6/a
Bourjois. Inc. (year-end)
Bower
12-12
25c
12-
—
Elevated Railway
Extra
t
12-15
2
1-2
(irreg.)
!
(year-end)
Boston Wharf Co.
12-15
.
Co.
8
12-
2
1-
$1
12-31
;
Borne-Scrymser Co.
Boston & Albany RR
8
12-9*
1-
50c
12-15
Fisheries^ $6 second preferred
Borden
11-25
40c
-'X
Management, Inc, class A (s-a)
Inc.
12-20
62(4c
Brass
:
Stores,
12-12
12-12
pref.
1
;
12-12
2
$3(4
.-,v.!
(quar.)
pref.
2
1-2
1-
(year-
class A (extra)
(extra)
Extra
(Booth
1-
t$l
(irreg.)
Brewing Co, Ltd, T/o
Aluminum
Ami Co,
(Bond
1-15
60c
(quar.)
12-
11-30
(irregular)
Tobacco
11-29
12-
(s-a)
;
Mining
(year-end)
Co.
12-20
12-12
12-15
(quar.)
Cement,
2
2
12-15
45c
&
11-
12-15
12-22
25c
(quar.)_____
12-16
20c
(quar.)
Industries
12-15
12-15
2
50c
$1(4
|4c
(Del.)—
1-
37(4c
(initial)
Mfg.
Brothers
Class
$1V»
:—
(quar;)
75c
t$l34
Corp.
12-10
12-31
50c
(quar.)
1938
12-10
1- 2
12-31
'
$1(4
(quar.)_
Loan
1- 2
X-
'
.,
(quar.)
(year-end)
12-
•
12-10
1-1-42
75c
12-
12-29
12-20
6c
$1
series
Mines
2
*12-24
15c
$1%
(quar.)
Malleable
1-
15c
(reduced)_:.__
—
American Surety Co.(s-a)___
pref,
2
t$l?4
12-10
11-29
(quar.)_^
(Quebec)
Mamriioth Cons.
Blue Top
11-29
1
12-22
'
12-31
(quar.)
l-
12-20
t$5V2
Stamping Co—
Steel- Foundries,;..-.—i—
( American. Sugar Refining, 17a pref.
[
X.
(yr-end)
Special ton. .'common-'--.—
6v'o
preferred (quar.),——
f
t$l%
12-
12-20
87 (4c
Assoc.—
Brazilian Traction,
American
/
7;
common
Co.
Limestone
Bondholders
r
11-29
2
11-29
(year-end);
Ltd.
Corp.
Decker
&
i Black
1
6
2
1-
5
12-10
Inc. .(year-end)
Corp.
Steel Fdy. & Machine Co.
Birmingham Water Works. T/o pref.
Bon
12-
$1
American Smelting & Refining com.
;7% 1st preferred (quar.)
12-20
Corp.
River
Mfg.
Black
12-20
1-
1-
12-15
$1
"Birdsboro
•
12-15
11-29
12-15
—
X-Binks
; Bohn
50c
2
XX $1(4
Extra
$1.20
1-
12-ro
(quar.)
11-26
12-1-8
25c
t$3
Bethlehem Steel Corp, T/o pref.
,'Bibb Manufacturing
Co.-(quar.)
12-15
1.,
2
12-17
(year-end)
•
-
1-
$1(4
Sav.
Ltd, T/o 2nd preferred
(quar.)
Harbor
Bessemer
,
2-
12-22
(quar.)
Berghoff Brewing Corp.
12-15
12-15
11-21
$1
12-22
(final)_________
preferred (quar.)
end)
12-10
12-15
12-15
1
$1
RR.
prior
Benton
i'Berens
•
i
12-20
Common
12-15
12-22
$1
12-
,75c
60c
Packing
Radio
Bloch
$1%
11-21
15c
(quar.)__t._
preferred
Blaw-Knox
-
12- >1
12-15
10c
(s-a)
Scotia
Telephone of Canada
12-
12-22
(quar.)——
:•
12-27
Bell
12-22
2
12-15
12-15
25c
40c
1
1-
1-
$3
$2(4
37(4c
(quar.)
Trust &
Special on common
Belding-Corticelli, Ltd,
12-15X
1-2
11-29
11-29
40c
(quar.)
(quar.)
Creek
12-30
V4c
12-23
$1
20c
25c
Co." (extra)
12-20
12-27
Nat.
'•Beneficial-Industrial
2
12-15
2
12-18
(year-end)
Creamery Co,
Beech-Nut
7l/c
12-15*
*
12-12
1-
$1
'X;
preferred
Refractories.
75c
2
12-31
1-1
$2(4
(quar.)
(year-end)
Co, T/o pref.
Co.
preferred
Nova
20c
-v50c
,
12-17
'
of
Belmont
12-5
12-26
'
______
:
(quar.)
6%. preferred
preferred
Blue
(year-end)—
(quar.)__
preferred
preferred
i
Wilcox
XBeatty Bros,
5
XT2- 3
'
'
;
_
6
12-6
12-6
Lines—
1
XBeattie Gold Mines,
1 2-9
20c
Corp.,
Rolling Mill 'Co.—
S.
Extra
11-19
2
12-22
tOS^c
; convertible
_i
&
conv.
$5
'
2- 2
$2(4
Manufacturing Co.
-Beatrice
XX
v
(qu.)___
& Light, $6 preferred
&
S.
Bayuk Cigars, Inc
'
12-20
,
,X
"
i- $1(4
Co. (resumed)
(Conn.) (year-end)
A
12-31,
12-31"
37(4c
(resumed)
•Bath Iron Works
11-25
12-15
25c
12-15
12-
■
Alarm
of America
Basic
•
9
12-15
12-22
12-31
b'/o XXX •'
RR,
12-15
$$l
50c
X: :
.'Bankers Commercial Corp, T/o
pref. (quar.)
(Bankers Trust Co. (N. Y.)
(quar.)___
Barber (H. W.) Co. (year-end)
1
2-
12-13
1-2
r
$1(4
preferred
i
(Capital)
•
2-16
12-12
:XXXX".'V;
'
(quar.)
Indies
Bangor Hydro-Electric, T/o
6Vo
preferred (quar.)_
$2
•
(year-end)—
Finance
RR.
Co.
Co.
convertible
'Bank
n
12-1
12-'l
12-19
12-15
$2(4
Coast
pref.
Extra
\
12-31
10c
$1(4
Bandtjen & Kluge, Inc.—
Bank
;
12-15
$1.1834
common
1-15
12-22
,
,
50c
(quar.),
12-27
>12-13
12-12
50c
12-23
2
12-12
1-2
50c
.
(quar.)_i_^__
50c
1-
:
(quar.)—______
Co,
50c
12-24
X
12-12
12-
(s-a)___
$134
10c
2
10c
Stand. Sanitary
12-11
10c
2
1-
$114: .;:
$1V4.
1
Radiator
1- 2
12-15
12-5
1-
12-17
(quar.)
pref (quar.)___
Co.,,7C4 preferred,—^
American Pulley
c
12-15
15c
12-17
12-1
50c.
.
Locomotive
American
12-15
11-29
12- -5
12-24
12-31
pref.
■
12-17
40c
$15c
v
T/o
12-8
Mills—
Extra
Tj/e
12-11
$1V4
.7
Co.. of Illinois—
Co.
1
12-24
—___—50c
X Baldwin Co,
'
12-20,
15c
>
& Sons
Corp.
Babcock
com-
American Public Service, 7%
•
$2
'
preferred
'
+
»
.
Fire
Irregular
■f:
2
12-15
;
f,
Co.
Products,
Optical
Power
1-
i.
of
Products
National
•'
5
-
12-10
(s-a)
preferred
$3
F.)
(B.
Axelsou
12-15
u
12-20
commonv (quar.)
&
(resumed)
Co,
Avondale
v
each),.;
prior preferred
12-20
11-
12-31
■
12-1<7
15c
—_i
West
Refining
'.Aviation
>'
Steamship Co. (year-end)
Leather, T/o conv. pref.
Investment
12-31
-
12-
15c
,
r"
12-18
6
12-15
each),
Electric
Hide: &
Home
1-15
12-24
'
*
1-15
12-
1
12-1
Line
&
convertible
Beech
;
held)__.
common
—
12-31
5»4c
12-
12-15
$5
:
35c
$ 1 (4
12-15
$2
(quar.).
(30c
dividends
50c
25c
$1
$1
Co,
6%
Common
<
the
(year-end)
Foreign Power, $6 preferred____
t$l3/4
$l3/4''
8
t68%e
preferred
12*' 1
12-23
2
5
5
Canada,
preferred
Light,
Gulf
Automatic
12-20
12-
12-18
______
non-cumulative
•Avery
<
12-19*
12-
12-15
,
12-26
(quar.)
XAutomobile Insurance Co.. (Hartford)
X; Extra
_1
12-15
12-
5%
\'/o
12-22
12-15
1-1
75c
$la/4
$1.10
t$l34
Investment
Gas
(Autocar
12-18*
12-15
6
■MM Special
1
12-15
,
of
Birmingham
(s-a)
pref.
Atlantic
12-11*
1
1
12-
12-15
(quar.)__
Breweries
non-cum.
Atlanta'
<
j
12-il*
1
12-
12-15
12-27
(q\iar.)-_
______
Atlantic
share
one
5c/o
12-15
5
$1
*
Refining (quar.)___—
(quar.)I
12-
12(4c
__
J15c
&
Atlantic Coast
(Diviof
Works
Atlantic Coast Line
•
eight
B
B
Metal
1-
$1
Corp.
(year-end)
Works, common
(year-end)
preferred (s-a)_______^
i
Atlanta
-
12-26
12-31
12-30
1-
12-
■
40c
'
preference
'.Sr.——-1American Paper Co., 7%i preferred
20c
V
shares
(year-end)
Constable
Print
(quar.)
Common (year-end)
■
1-2
1-
40c
_____—
$1"non-cum.
American
75c
$iv2
class
in
Class B
-
5
1-
12-31
15c
and
1
(year-end)_____
Astor Financial Corp, 1st
preferred (quar.)
-'Atchison, Topeka & Santa. Fe Ry. Co.—
12-24
$3
.
8
12-
—
[•> 5% preferred fquar.)_______________
; *
$1%
1936),
12-
12-15
;
12-12
2
1-
$2
of
1
12-23
$1
(year-end)
Rubber,, class A
—_—
pfd.
Extra
'
2
12-15
common.
each
class
7 American Meter Co.
:
1-
for
or
preferred
(American
$3 Vi
series
Extra
T/o
y
12-15
9
25c
$1V4
convertible preferred
12-15
12-
12-19
$1)4
ratio
$2 preference-(quar. I
Mach.-& Fdry,
12-30
12-22
A
Convertible
American
12-20
50c
1-15
(year-end)—_
cumulative
American
'
Wamsutta
20c
(s-a)
12-
75c
Common
.Associated
12-17
12-19
Corp, (monthly)
American Insulator Corp,___—_—
2c
30c
—
12-17
2
12-27
par)
(quar.)
20c
+
Sugar Co
Walworth Co.,
6%
Ltd.
Co. "(resumed)
Aircraft
Wailuku
'
i
37 VaC
Vulcan-Brown Petroleums,
•Waco
12-31
1-
V3c
2
1-15
$314
(year-end)
preferred (quar.)____________—
American
12-12
12-10
A
payable
in ;the
; American
12-23
2
is
American Hawaiian
12-10
12-20
class
on
($ia
Extra
<
2
1-15
tl5c
;
4%% preferred .(quar.)____-_
"American Hardware Co. "(quar.)
'
12-15
$1%
non-cum.
12-15
preferred
Light Corp.—
Extra..
'
7
12-15
12-15
11-
(lnitial..quar.f____:—12V4c
5%
American
12-19
12-31.
25c
(s-a)
12-19
12-10
$1
"
X.: Extra
5*
2- 2
.
11-29
Asbestos Corp, Ltd.
3-16*
12-22
(quar.)
pref.
12-
4
12-17
12-17
$134
Extra
12-15
1
12-31
10c
common.
djv.
company's
Two
'-
12-23
12-31
$2 Va
(year-end)
Louis)
1
4-
$114
$1.0614
(quar.)A
preference
Two
'
Van
50c
$7 preferred
1
1-
12-15
B
American &
7
1-
12-20
7;
12-
12-27
12-27
$134
Co.
Common
$25c
(quar.)
& Cigar,
American
12-29
t$2
t$3
1
1-2
American Factors, Ltd.
12-15
$10
1
12-
1-
i
12-1
12-31
12-
12-20
10c
v
-
$1
12-22
12-20
2
-Art
'
9
25c
Inc.
Arrow-Hart & Hegeman Elec. Co.
(year-end)X;
Art Metal Construction Co.
(year-end)_-^__
'
'
75c
'mon
-
.
5
1-
"(St.
Colortype Co.,.
Special
dend
5Vc
12-15
1-
12-1
(quar.)____
Americanr'Export -lines,>lnc, :(N.
12-12
12-27
12-15
Co,
A* (Opt.
class
class
2-16
lc
Co.
Co.
preference
2
62 VaC
Joints
7
.
i
3-
____
'Universal-Cyclops Steel (year-end)
i Universal Pictures,
8'/o 1st pref.
'
5%
50c
12-12
$114
(quar.)_
preferred (quar.)
American Cities Power &
Class
?
12-12
12-17
40c
b% preferred (year-end)
American. Cyanamid Co.,.com, class
A(quar,)L
v
2
12-12
1
6 %
<*
1-15
1-
Chicle
American
3-16
1-
2
$114
payable in cash or iV share of B stock
American Coal of Alleghany C'nty (resumed)
;
2-16
12-16
12-12
9
12-
$1%
—
Co,
Art Metal Products
•
1
X 12-16
12-22
,
;.
12-
12-16
12-19
1-2
'/o
5
1-
(quar.)
$2.75
r
2
'
Utah
i
2
50C
(N.
•
1-15
37 Vac
Co.
Co.
'
4-
_______
(quar.)
Lumber
States
5
2-
$1 (4
—
Distributors
preferred
■i United
3-
12-16
Extra
53c
$1 (4
_
2
12-
"12-29
$l34
Bemberg Corp., 1%
American
50c
$ 1 (4
Mining
United Shoe Machinery, common
6r/o
2-
53c
.,
Paracale
Note
1-15
58 (4c
—____
(year-end)__
common
X-
12-15
12-20
15c
_______________
preferred
1
58 (4 C
53c
preferred.—
-Additional
.
( United
Ins.
Bank
12-18
2
2-
50c
participating
Auto.
American
7'
i
12-29
$114
t2c
~
.
(
12-15
Extra
12-10
25c
$1(4
Associates
12-20
___L
1
t$l(4
12-3
214c
12-12
12-15
.'1-
(Del.), T/o pref. (quar.)
(111.), $6 conv. prior pref
Armstrong Cork Co, 4% conv. pref. (quar.)
Arnold
12-15
12-22
$1
60c
11-13
■■)"/
12-10
50c
preferred (quar.)__"___
Alliance. Insurance Co. iquar.)_
American Cigarette
12-15
12-
Inc.
1-' 1'
12-22
$114
convertible
American
•
12-31
!
12-6
v
-
15c
5%
preferred
(quar.)—
American Chain & Cable Co.
:
tlOc
12-15
12-20
:
American Cast Iron Pipe Co., 6%
pref.
American Chain & Cable, common
1
•:•••*•* $1
12-15
1
1
12-9
11-29
Ashland Oil
2
1-
(quar.)
I,"—_i
•
12-20
12-24
Additional
5
;.,r
2
1-16
$114
__._l__.__
American Car &i Foundry, T/o
'
Co.—
preferred
Milk
1-
12-15
x
—
United
1
-,1-19
12-31
—_____—
'
5
$6
.-...
(quar.)-
& Railways
2-
2- 2
4334c
American Can Co.;1 7%'preferred
(quar.)
American Capital Corp., $3 preferred—
•
12-31
$1(4
reduced)
B
1
12-12
1-
50c
(quar.)__7-______„_.
Mfg.'Co.;(irregular)
Manufacturers,
American
12-24
1-
(quar.)
(monthly)
h'/o prior preferred (monthly)
T.'r prior-preferred (monthly.)
6.30(4 prior preferred (monthly)
6.36'<o prior preferred 1 monthly)
6.36'e prior preferred -(monthly)6'/o prior preferred (quar.)
6'/»
prior preferred (quar.)
6'Jo prior preferred (quar.)
f *
•
12-29
—
(St. Louis)
Corp.,
United Fixed
•"
'
12-31
12-12
1-2
214c
(irregular)
Extra
6%
,
(quar.)______
(quar.)
& Trust Co.
7 United Drill
r
t$5
$3 (4
—__
1-2
1212-
12-22
12-15
Arnold
":V '-r
'
75c
America—
preferred
$4.25
'7
12-15
X$1 (4
_____________
Drill
United Bank
12-23
(quar.)_—
Extra
Union
7
1-20
12-15
Co.,
(Providence)
2
2
(Maryland)
Union Trust Co. (Pittsburgh) (quar.)__—___
Co.
2-
11-29
11-29
.1214c
Amalgamated Electric Corp., Ltd.
Amalgamated Sugar Co."(quar.)_______
American Airlines,. Inc., common
(year-end)
12-12
1-
pref.
Co.
Trust
7%
;
12-15
•
mv2
Bunk
Co.
2
1-
12-20
12-23
12-23
12-15
12-15
$1
50c
:-V
v
$6
f$5
$1(4
—
4
11-29
12-12
30c
(year-end)
(interim)
12-
2
(irreg.)
12-20
$6
}$214
•
7
Manufacturing Co. (irreg.):
(year-end)
of
preferred
Common
A
—
Trust
.Union
"..
pref.
12-12
—
T/o 1st pref.
(Pittsburgh) (yr.-end) X
(Pittsburgh) (quar.)___
(Indianapolis)
(quar.)
7
XX
$6
12-22
15Cr
.
Ltd.,
12-20
1-2
1-
12-20
Armstrong
12-15
12-15
12-15
r
12-20
77:
Inc:
Co.
American
2
•
t$3'/a
__
—
Corp.,
5c
t$l(4
pref.
(N. Y.)
1-
"
m
Aluminum Goods
12-31
1-
+
l!
(quar.)
—
Corp.
6%
t
8
58(4 c
____—.—_
l
Finance
(quar.)
Tri-Continental
.Udylite
Aluminum
Aluminum
1
2 ;
1-2
$414
.Alpha Portland Cement
9
12-13
12-
50c
Mines 4
Trade Bank & Trust Co.
Tubize
12-
12-23
12-12
(quar.)
vTowne Securities Corp.,
Traders
12-20
5c
Fisher,
Allis-Chalmers
12-10
12-15
12-20
+50c
1-
$4Va
,
___________
&
.Alligator Co.- (year-end)!^,:
12-.8
1
2
12-17
lOc
Edison
Armour &
$1.42
Laboratories, Inci- iquar.)_!
Mills,. Inc:ii (irregular)__^.
Allied Products Corp, class A
(quar.)
...Allied Stores Corp., 5 ^ pref. (quar.)__
;
preferred
Trust
1-
1
12-
Allied
Co;—
T/o
Toledo
Alles
(New
.
Toledo
12-15
;:/;i Extra
"
-
(San Fran.), $7.50
;Title & Mortgage Guarantee Co., Ltd.
Orleans)
' (year-end)
■
12-17
Third Investment Counsel Corp.____________
Guaranty Co.
2
12-23
t$3(4
"Title
1-
12-
/
(quar.)____
Allied
(accum.)__—
;Tintic Standard Mining
Co.
12-12
•'.-.V
Georgia Ry. (yr.-end)
$6 pref. (quar.)
Equipment
12-12
_____________
Thayers, Ltd., $3.50 preferred
'
X
■
—
"&
1-2
J/2C
__________
Electric
Allen
(resumed)
Allied Chemical & Dye Corp.
(quar.)
.
12-20
12-31
75c
40c
-
,Armour & Co.
7 11-29
12-10
(year-end)
com
Arkansas-Missouri Power Corp, com.
6% preferred (s-a)
11-29
2
Corp.
1- 2
25c
Arizona
11-29
•
75c
\
Baldwin','Ltd." (irregular)
12-12
.
l-
$l'/47...
12-12
.
?
:
2
50c
v7
25c
i_
(s-a)
1-2
■
2
...
12-12
Applied Arts
11-29
1-2
Co.
Mfg. Co. (quar.)
prior preferred (quar.)
Appleton Co, T/o conv. pref. (quar.)_
■
(liquidating) i
1-
_____
1-
75c
7 Algoma Steel Corp., Ltd.—
•
./■ 5% 'preference - (interiin)
: Alleglieny-Ludlum Steel, common
(year-end)
4
12-18
2
Alexander &
$1 -
$l3/4
t50c
Suyoc
—
•
'
2
"7"
+25c
175c
—
Sussex
1-
Co.
Albany & Susquehanna RR.
1-
?$13A
preferred^(qua7)CL7ill^4—
Alaska-Mining & Power
$1
Cable
12-15
$l'/a
V
Electrical
Apex
9
$114
'
prefefred:Vj(quaf.M_i^tl7--l-—
$5
v
12-10
30c
Power." Co.-— 7' '
preferred'. (quaf.)l;_t._-___:
$7
12-
12-20
&
of Hec
11-29
$1(4
'T/o
12-17
12-23
Wire
Hocking Glass Corp,
1-
1
preferred
"Anglo Canadian Oil Co, Ltd,
2-11
2
1%
(quar.)
Holder•
'
1-15
12'/ac
(quar.)—
$5 preferred (quar.)
Andes Copper Mining Co.'
12-12
2-20
:
20c
:
participating preferred (year-end)
$6
37 VaC
v
•»
•
(quar.)
Alabama
7.
X X
12- 4
Superior Portl'd Cement, $3.30 class
6%
12-20
35c
Alabama "Great",
\
12-20
$iy«
^quar.)
Supertest Petrol. Corp., Ltd.
2
Co:
12-10
1-
'Anaconda
When
Pay'ble
$2*4
(year-end)
Elec, $6 pref.
Co,
Per
Share
*
Wringer Co, Inc. (year-end)
Copper Mining Co. (year-end)
Anacqnda
'Anchor
Works &
Woolen
American
(Hartford)
,^
Insurance
12-20
Water
American
1
12-26
;
50c
-
Bearing Mfg.-(quar.)
CasualtySurety Co.
12-
1-10
37140
Southern
RR.,
ordinary
f-->7 (year*end);.-i_i'Ji___'l{427_4l-i^.^_-__
12-11
^
.
class A preferred
1-
(4(;
v
44'
—
9
(quar.)
(year-endl_
4Vz'/o
•
Sunset-McKee
xx.x $1
12-22
6>/4C
614c
(quar.)___
Turf Association
American Trust Co. (S. F.)
12-12
12-15
,
12'/2c
Engineering, com. (year-end)
5% preferred (quar.)_^zr_.^i™_____--___
•Agnew-Surp^sg. Shoe Stores, 7% pref. (quar.) -'Agricultural, Insure Co. (Watertown, N. Y.)
11-29
■
Casting Corp.
Extra
5
12-
11-29
7
25c
Ball
Life
12-4
11-18
12-23
20c
:
-V,;
'12-19
2
12-18
.
17 (4C^,
(s-a>
.
1-
Aluminum
12-24
Company
■American
4
12-12
30c
_•_____
■I:
5
1-
12-29
$3
-.
;
(year-end)iii___r______
(resumed)
Aetna Standard
■
50c"
of
Gas
12-
U12-15'":'-
$i
85c
Class B (year-end)
Aetna
12-24
'
of
Telegraph Co. (quar.)
Co., Inc., 5% pref. s-ai__
American Tobacco
Co, 6% preferred (quar.)
Amer.
40c
-
Extra
2 "
1-
of Reo.
Corp;."Unitial)
Aetna
>
75c,. X 1-15
Spring (year-end)
Albany (quar.)-•'Stay ton Oil. Co.-(quar.)
Sterling Brewers, Inc.- (resumed)
(State
1-15
&
Supply Mfg.-;;'class■ A
Extra
12-16
'
Holder!
(year-end-)——
-f7;-;t';(quar.)-<:..«_iiii-:^______
12-24
12-20
si
'
Oil
Aetna
12-15
•
Standard Steel
.
J
X12-24
12-31
,
25c
•:
When
Pay'ble
Quarterly^£LilLi7i_i^tS^r77_^__i
■
.50c
com
Common
Co.
Aero
5
1-
Per
V
Name
'American Telephone &
American Thread
the
Share
; .25c
Company (quar.).
Wire
A'erco
12-'5 J
1-15
;
Acme
12-15
12-27
12-31
(quar.)
Acme Steel
I Advance
.
South Pittsburgh Water, 4»/a%-•
pref. (quar.) 7
$ 1 Va
Southington Bank & Trust Co. (Conn.) (quar.)i ;"X, $1X
of Company ;
Addressograph-Multigraph Corp.
-r:
Xv':
Name
■
Laboratories
1;Adams Express Co.
12-15
12-24
25c
tquar.)
.Spicer- Mfg. .Corp,,,
12-3.1
12-24
_
& Corona
common
12-31
$1
'
Extra xr--,w---7
.
Smith
■;
12-17
1-15
$1(4
;
lSkiisaw;
2
1-15
*
">•
Adams
1
in previous
include divi-
being given in
J.7
T-
Extra.
;
12-16
12-27
$ l (4
V*
Common
Sheep Creek Gold
1
1-
25c
preferred
conv.
12-19
1-
;'
-
Abbott
1483
:
announced
weeks and not yet
paid. .The list does not
dends. announced this
week, these
i
1-
$2
com.
(year-end)
(quar.)
XShawmut Association (special)
$5
give the dividends
we
preceding table.
12-22
$1%
(year-end)
Seymour Trust Co.
'Sharon Steel Corp.,
•V
12-29
$1%
certificates
Leather
of Hec.
1-
(s-a)
Shares, Inc.
Selected Industries, $5.50 prior pref.
Below
X12-X5
12-20
87 (4 c
Selected American
7Seton
1
t
__
Ky)
Pay'ble
75C
_______i'.
Seaboard Surety Co.
Holder*
(Norfolk,
__
Extra
-
Inc.,-el. A__
Bank
(s-a)
When
Share
Fund,
National
■
THE COMMERCIAL & FINANCIAL
CHRONICLE
■
'
,
l-
2
12-15
12-20
12-10
12-31
12-16
$134
12-31
12-16
40c
12-29
12-15
75c
12-24
12-16
75c
12-15
12-
t7(4c
12-15
11-29
j$lV4
12-15
11-29
25c
12-20
12- 5
30c
1-17
1- 2
50c
1- 2
12-15
-
5
Saturday, December 13, 1941
THE COMMERCIAL & FINANCIAL CHRONICLE
v,V-."Fer
FFF
Corp. (year-end)
British Celanese, Ltd., 7%
1st
SI1/*
3ya%
12-15
1941
11-29
4$lVa
1-2
12-20
Bristol Brass
•
prefer,
67c preferred (quar.)
British
Columbia Electric Ry.
(s-a;
Ltd.—
Co.,
prior preference (s-a)
;
British Columbia Power Corp., Ltd., class
.4v.4:;444
2%%
1-15
57c
(quar)
British
(Liquidating)
corporate stock
75c
i-ai-i
- Balke - Collender
Co.,
(year-end)
_____
_____v
preferred (quar.)
_____
Buckeye Pipe Line Co—1
*
preferred
$5
J
(quar.)
$1
$1VV
—
Co.
|
„
$1
3.5c
$1%
—
:
—
______
Watch
-Extra
______
.
i.
^
—,—.
12-1
12-20
,
12-15
2- 2
5
$1
12-15
12- 5
.$1
12-15
12-20
12-23
1- 2
12-18
12-15
12-
1
California Ink Co._
(accumulated)
Cycle & Motor Co., Ltd.
v
Extra
57c
———-
(quar.)
Fdy. & Forgings Class A (quar.)—
Malting Co., Ltd. (quar.)
Canada
Extra
77c
..
Power
Ltd.,
Corp.,
Canada
Permanent Mortgage Corp.
& Cable, class A
Canada Wire
Breweries,
Ltd., common
Canadian Canners,
57c
1st preference, (quar.)
Participating
Celanese,
Ltd.,
Canadian
v.,
preferred
conv.
non-cum.
(quar.)__
common
Extra
1%
—
_
preferred
partic.
(quar.)
Canadian Converters Co., Ltd.
8%
General
Gen'l
1- 2
12-15
Columbus
2
12-15
6 '/2 %
12-15
11-30
12-15
11-30
12-15
11-30
shares
Bearer
150c
1$1
8 7c
112V2c
Ltd.
;
preferred (quar.)
Westinghouse Co., Ltd. (quar.)—
Wirebound Boxes, Ltd., class A
VUVc
preferred
Cannon
Mills
Capital
National
(s-a)
duced
4J/4 7c
ford)
Extra
(s-a)
Transit
Capital
Co
.''v Extra
Commonwealth Life Insurance Co. (Louisville)
Commonwealth
12-31
12-16
preferred
I.) Co., common
preferred (quar.)
Pomeroy
Castle
& Co.
(A. M.)
Catalin
Corp.
Celanese Corp.
& Co.
Commonwealth
prior preferred
1%
partic.
—
(quar.)
11-29
12-1
Ltd.
Connecticut Light & Power (quar.)
Consolidated Aircraft Corp. (year-end)
Coniaurum
Centurv Electric Co.
2
12- 3
12-19
12- 9
12-19
12-12
12-12
12- 1
12-15
12-
12-15
12- 1
12-19
Chain
Belt
Co.
(year-end)
Chapman Valve
Chartered Trust
Mfg., common (quar)
& Executor Co. (Toronto),
(quar.)
-
:
.
•1^-20
12-14
12-15
12-
50c
12-15
12-
44C
12-20
11-29
50c-
,
(year-end)
i, 12-15
12-22
-12-15
t55'/2c
12-15
11-29
25c
12-18
12-..4
2
12-10
12-23
12-15
.
1-
$2
(year-end)
dividend)
6 7c
$50c
.
*,'i
Ltd.,
Power Co.,
+25c
1-
2
12-20
4$1V4
1-
2
12-15
t$l%
1-
2
12-15
(quar.)
t$lV4
1-
2
:
t$l3'4
1-15
12-15
1-
.
—
(year-end)
common
Inc., $6
iquar.)____
pref.
preferred (quar.)—
77c
(interim)—>•«.
common-..—
2
12-15
1-2
11-29
12-19
11-29
50C
12-15
12-
60c
12-23
12-12
Light
Electric
Gas,
87o
preferred
87c
preferred
duPont- (E.
$4.50
1-
2
12-20
$134
12-22
12- 5
12-15
$1%
1-
2
$1%
1-
1
12-20
$l3/4
1-
2
12-20
Brewing
Mass.
Co.
(quar.)
(quar.)
Co. (extra)
(B. M. C.),
$2
1-2
12-11
$2
4-
1
3-13
Fall
$1%
1-24
1-
9
60c
12-18
12-
8
.1- 2
12-13
River,
-
& Fuel
Kodak Co.,
1-
t75c
1-1
12-15
12-15
12- 1
67c
————_——
1-
2
12-
5
$1
1-
2
12-
5
'•
U- 2
12- 5
3c
12-31
12-10
$1
12-19
15c
1-1
®12-20
1
12-20
$lVa
12-
1-1
Corp., Ltd. (ordinary
Eddy Paper Corp. (year-end)
.Ecuadorian
5
'
Special
12-27
12-26
11-29
Elder Manufacturing Co., common
57c partic. class A (quar.) ————
Edison Bros. Stores, Inc., common
.
2-
\
7
t
5
12-
15c
12-15
11-28
90C
1-
2
12-15
$1%
1-
2
12-15
$1
1-
2
12-15
30c
12-15
12-1
70c
12-15
12-
11-29
11-29
12-15
11-29
Egry Register Co., o:/2% preferred (quar.)__
Common (year-end)
Elgin National Watch Co. (year-end)
El Paso Elec. Co. (Del.), 77c pref. A (quar.)
7 7o preferred B
El Paso Elec. Co. (Texas), $4.50 pref. (quar.)
El Paso Natural Gas Co., common (year-end)
$1%
12-20
12-10
20c
12-20
Auto-Lite Co——
•—
Electric Power & Light Corp., $6 preferred—
(s-a)
Extra
1- 2
12-20
11-15
Oil Corp.
(quar.)
(irreg.)
(quar.)
Consumers Power Co., $5 pref. (quar.)—__
$4.50 preferred (quar.)
12-31
12-
3
t75c
12-31
12-
3
12Vic
2-14
I-15
25o
12-20
12-10
60c
12-27
12-12
& Machine Co.
Wagon
Continental Assurance Co.
conv.
$1%
$7
Electric Storage Battery
preferred
12-31
$lVa
$1%
1-15
12-31
2
12-15
•60c
12-27
12-11
75c
12-22
t30c
1-2
12-
t35c
1- 2
12-6
$1
12-23
12-3
20c
12-15
11-15
$1.60
1- 2
Empire Power, $6 preferred (quar.)
Empire Star Mines Co., Ltd. (year-end)
Emporium Capwell Co., common (quar.)
4Vz7o preferred A (quar.)
12-12
$5
preferred
50c
12-20
12-15
1
12-12
Eversharp, Inc., 57c
Ex-Cell-0 Corp.
12-
5
12-
2
1-
<N. Y.) (quar.)"
(year-end)
Co. (quar.), extra —
Continental Motors Corp. ($1 par com.)
& Tr. Co.
12-15
11-20
t$l Va
12-15
11-20
12-20
12-10
Continental
Casualty
Oil
Co.
(Del.)
6Vi
1-
2
12-10
1-
2
12-10
Cooper-Bessemer Corp., $3
1-
2
12-10
Copper Range Co.
1-
2
12-10
7e
preferred
12-20
11-29
10c
12-20
12-13
(irreg.)
Crane Co., 5 % preferred (quar.)
Creameries of America, Inc. (quar.)
Cranberry Corp.
12-10
$1%
1-2-42
12-15
$l5/»
1-2-42
2
2
2
12-12
$1 %
1- 2
12-12
$62y2c
12-15
$1%
;
12-15
12-16
Falconbridge
Falstaff
50c
12-27
12-17
11-29
Crowell-Conler "Publishing
50c
12-24
12-13
Crown Cork & Seal Co.,
50c
12-22
11-28*
Co. (quar.)
Inc., com. (year-end)
$2.25
preferred
(quar.)__—
Central Petroleum
56 Vic
—
_——
$2
10c
25c
12-15
11-29
Crown
12-29
12-22
12-20
12-11
25c
ll'/st
10c
50c
V:
12-15
11-29
1-1-42
12-13
(quar.)——.—
Crucible Steel Co. of America, com. (initial)
5% convertible preferred (quar.)
.
Crum St Foster, 8 7c pref. (quar.)
—
Cuban-American Manganese Corp. (yr.-end)
Cuban-American Sugar, 77c preferred-!—_—
5Vfe<?> convertible preferred (quar.)
Cuneo Press, Inc., 4J(27* preferred (quar.)—
Crown
25c
——-
(year-end)
Drug Company, common^
Trust Co.
(Montreal)
...
12-15
1-
1
Famous
'•
12-13
12-22
12-12
5c
12-16
12-
;
-
,
•>'
6
f$l
12-31
12-24
$1
12-22
12-
8*
$l'/4
12-16
12-
1*.
$2
12-23
12-13
50c
12-22
12-11
12-
4
12-17
12-
4
50c
12-27
12-6
75c
12-22
t5c
12-20
3c
4-1
3-18
i—
15c
12-26
v'12-13
Corp. (quar.)____
Shops (quar.)
$25c
12-27
12-13
37'/2c
12-18
12-
25c
12-18
12- 4
25c
12-18
12-
(extra)
Players Canadian
.:
.
(resumed)
(quarterly)
(year-end)
Federal Bake Shops, common (year-end)
57c
preferred (s-a)
—
Federal Light & Traction
(year-end)
$1 %
4
Quarterly
12-15
12-10
;
t$l3/4) 41-. 2
1-2
$l3,i
12-20
;
12-20
12-15
12-1
75c
$iy«.
Works
? Federated Publications,
80c
.
;
12-31
12-20
25c
12-20
Ferro
Enamel
Corp
——
Corp.
(Baltimore)
11-14
4
8
12-15
;
s
12-15
$1 :
t
■
*
12-13
12-13
V
12-11
;
12-19
12-11
12-10
25c
12-15
,10C
12-20
50c
12-15
25C
12-18
25c
12-18
25c
12-20
12-5
2
,12-23
:
:■
12-31
50c
-
(resumed)—
Inc., com., v. t. c—
Fidelity & Guaranty Fire
12-12
1
,75c
.
;
:
•
1-
i
*
r
Smelting Co.
12-18
,
75c
—
Federal-Mogul Corp. ——
Federal Motor Truck Co, (resumed)—
Screw
8
12-17
preferred
Federal
12-
12-31
'
;
12-12
1- 2
Nickel Mines, Ltd. (interim)
6 To preferred (s-a)
J Federal Mining &
12-23
$1
Faultless Rubber Co.
11-28*
2
20C
20c
12-20
;
$2%
!>: Extra v$5
12-24
$2
in common
Fansteel Metallurgical Corp.
iS;
11-29
1- 2 '
65c
12-31
(quar.)
Fanny Farmer Candy
'
12-12
1-2
Brewing Corp.,
Common
v.
■
i
t$1.52
(year-end)
;-Fairchild Aviation Corp.-(year-end)
11-24
12-15
(Syracuse) (yr.-end)
Co. (Toronto)
Fairbanks Morse & Co.
1-2
25c
'
25c
(quar.)
Extra
12-15
11-29
.
Bearing Co.
12-20
1-
1-
$iy2
(year-end)
Co.
Plantation
Fafnir
75C
->
Insurance
dividends payable
Stock
Ewa
Life
50c
11-24
Cijown
12-15
12-
12-10
12-15
Crown-Zellerbach Corp.
; 1- 2
1J
12-22
12-15
12-20
2
1
12-15
12-10
12-17
12-
$1%
2
12-
12-22
12'/2c
25c
12-20
12-24
IOC
12-20
—
Petroleum Corp
12-20
12-16
Excelsior
12-
75c
$1
12-10
Excelsior Insurance Co.
II-15
12-20
(quar.V
75c
1-
11-25*
12-15
$1%
prior pref. (quar.)
(year-end)__
11-29
t$iy2
12-15
30C
25c
(year-end)
'
partic. pref. (quar.)
preferred
50c
$1%
——
common
77c preferred (quar.)
Continental Tel. Co., 77*
1-
12-20
2
1-
56 V4C
English Electric Co. of Canada, Ltd.—
$3
non-cumulative class A (quar.)
12-20
12-20
12-15
-
20c
6
$1%
35c
(quar.)
12-12
12-15
12-12
$2%
—
Engineers Public Service Co., $6 pref.(quar.)
5V%7c preferred (quar.)
2
1-
6
Co.—•
(s-a)
12-31
1-
1-15
(year-end)
& Williamsport RR.
Elmira
12-
12-22
Corporation
Electrolux
12-10
$2%
$1%
preferred
50 c
$1%
(quar.)
'
1- 2
pref.
Electric
1-15
2-2
t50c
5
12-15
1
$1%
12-
12-15
convertible
57c
7%
preferred (quar.)
Consolidated Mining & Smelting (Can.)
1-
$l'/4
30c
Consolidated Laundries Corp.—
$7.50
.
62V2c
preferred (quar.)
(initial) ^Covering period
issuance from Sept. 24 to Dec. 15)—56 32/lOOc
57c
of
12-26
2
12-26
—————
shares)__
1
12-15
|25c
(quar.)
Consolidated Investment Trust
12-15
12-20
12-12
$1%
1
(quar.)
preferred
1
1- 2
50c
(quar.)___—
common
Extra,
12-15
$1%
t$l*/a
7.
(quar.)
.
12-15
12- 5
Associates—
prior preferred (quar.)
preferred
!
(Eastern Massachusetts, St. Ry., 67c ■ 1st pref.
Eastern Steamship Lines, Inc., $2 conv. pref.
Eastman
5
2
1-
$l'/4
6 7c
■f
12
12-20
12-15
$l'/2
4Vst.%
.
■
30c
(year-end)
common
(s-a)__
Mahanoy RR. Co,
Gas
12-11
$3
Eagle Picher Lead Co.,
67c preferred (quar.)
Eastern
12-15
12-29
(quar.)..
preferred
Duquesne
12-20
30C
-__JT
(quar.)
12-15
12-31
450c
deNemours—
I.)
Durfee .Trust
Power
&
Consolidated Water Pwr. & Paper Co.
12-15
1
$1%
—,
$2
11-
Consolidated
12-15
1
$1
t62'/2c
preference (s-a)
1st
50c
12-15
Consolidated
2
12-
75c
$60c
(quar.)
preferred
5 7o
1
40c
12-16
1-2
12-20
(quar.)
common
—
(qiiar.)
& Bradstreet,
Common
.
$1%
12-18
1-
12-31
1- 2
t25c
(quar.)
Duplan Corp.,
1
Consolidated Edison Co. of N. Y., common—
12-31
jlc
12-19
1-20
(quar.)—
Ltd.
& Steel,
12-29
,
Dunlop Tire & Rubber Goods Co., Ltd.—
Ltd.—•
Secur.
1-15
$4c
12-10
12-22
62 V2C
(quar.)
Duncan Mills,
5
11-29
t$lVi
U1
'•
,
(com., stock
Co.,
preferred
77c
Dun
,
12-31
:T 75c
preferred (s-a)
Continental
"
——
Paper & Fibre Co., common
6%
preferred (quar.)
Chapman Ice Cream Co.-(year-end)
,,
non-cumulative participating preferred
Duke
'
(year-end)
Corp.
12-31
1
/
Ltd., (quar.)
Ltd.
preferred
77c
12-12
25c
6
____
•*
-
preferred
East
12-15
Creole
Champion
12-15
$37%C
Stand.
non-cum.
Continental Can Co.
yy
12-31
12-13
12-20
,
$l'/4
12-19
12-17
,
11-28
; 25c
Coppermines
Continental Steel Corp.,
:
15c
12-15
12-
(quar.
,.
Mfg. Co. (reduced)
Driver-Harris Co., Common
5
1-15
2
.
12-
(Baltimore)—
Common (quar.) —■—i-----»*w4 Va'/c
preferred B (quar.)
4% preferred C (quar.)
4
12-21
»•» .
Casting
Glass
Co.
12-12
1-1
12-15
4
12-16
it.
Dresser
12-10*
12-22
12-18
1-
(year-end)
1
30c
2
$2.50
12-3
11-15
f$l%
1-
Die
Dominion
67c
12-10
2
1- 2
...
1
2-
Consolidated Div.
2
'
7.5c.;-*>12-22 f 12-13
A -(quar.)..
Foundries
9
1-
ContinentaFiank"
——
—
12-
415c
12-16
1-
$lVa
(quar.)___
6% pref. (quar.)
(Cincinnati) (quar.)
(year-end)
12-29
37V2c
12-16
11-28
62y2c
Co., com. V. T. C.
Central Wharf & Wet Dock Corp.
12-29
$1.06%;
—
:__—
Ltd (quar.)
Industries, class A
Chemical
12-23
conv.
& Wire Co.,
75C
12-9
Amusement Co., Ltd
12-23,
West Utilities Co.,
Central Trust Co.
12-31
Mines,
"
Central Steel
12-10
1-15
(qu.)_
50c 5-15-42 5-5-42
,50c;5-15-4Z
5- 5-42
50C;^-l5-42.8-5-4a
eA" 0 1C
0 K A-
'
Y.)
$5
Central West
12-15
12-20
7
Consolidated
12-15
$1%
$iy2
preferred
(Toronto)
Assoc.
12-15
12-15
$iy2
$6 prior lien
Life
Extra ___i
11-29
12-20
12-15
8c
preferred (quar.)
preferred (quar.)
Central States Edison Co.
1- 2
$2
Congoleum-Nairn, Inc. (quar.)__
12r31
50c
div. series preferred
preferred.
$1V4
11-29
12-24
50c
$7 prior lien
1-15
1-
class
Draper Corp.
8
12-18
1-
25c
4V2%
—i
8
t$4
1-
75c
15c
t50c
$l3/4
$3Vfe
37Vic
1$2
$6
•
8
12-
$ 1 Va
1-
lie
6r,'c
Extra
12-
12-22
2-2
preferred (irregular)
Consolidated
50c
$2
$7
—
Central & South
12-22
75c
12-15
'
;;
12-22
25C
12-
Consolidated
—
12-
25C
62 Vic
12-4
div. series preferred
Central Patricia Gold Mines, Ltd.
1
12-1
Central Maine Power Co.—
ICo
12-
5
12-4
$1.50
12-20
5
12-20
preferred
preferred
$4'/2
12-
12-20
14c
pref. (quar.)
Central Illinois Public Service, 6% preferred
$6
1
12-
12-20
Central-Illinois Securities Corp.,
12-
1-2
25c
(N.
12-20
12-15
11-29
Co.
$iy2
12-15
1-15
$1%
15c
Trust
12-20
25c
2
(extra)
Bank &
1-2
25c
150c
Extra.Hanover
$1%
t75c
1-2
Central Eureka Mining (bi-monthly)
Central
12-20
Machinery, common (quar.) —
$2.50 conv. preferred (quar.) —
Confederation Amusements, Ltd., 8% partic.
50c
—50c
25c
(quar.)
Central Illinois Light Co.,
2
Shoe
$5 preferred (quar.)
Consolidated Film Industries, Inc., $2 pref.
Consolidated Gas Co. (Reading), (irregular)
(quar.)
preferred (s-a)
Associates (quar.)
Central Canada Loan & Savings Co.
Central Cold Storage (quar.)
1-
Community Power & Light Co.
12-13
1» 3.
Dominion Woolens & Worsted, Ltd.—
12-9
$1%
preferred
-
■
Dominion
7Yo
6-4-42
12-31
11-15
:#*
25c. " 1-24
75C
(quar.)_——
Dominion Textile Co., Ltd., com.
12- 1
1
1'u •>--•••?
an
•
Mines,
77c
2
$6
12-10
12-20 ; 12-10
(quar.)
(Joseph) Crucible Co.
7 Dome
1-31
Compo
«.-. ;•
.
$2.50
(Del.)—
Corp.
11-29
Central Aguirre
:■•, v
Southern
&
Co.
Distillers Corp.-Seagrams;
Dixie-Vortex Co., * common,
■
5%
12-15
of America (year-end)
of America, common
7
(Indianapolis),
Co.
Loan
:
*•
Doehler
tlOc
(quar.)
Consolidated Bakeries of Canada.
(year-end)
(J.
7r'o
12-
$1.06 V*
Consolidated
(interim).;
Carolina Tel. & Tel. Co. (quar.)
Case
12-
12-15
(year-end)
1-2
...—
12-15
$3
'
75c
(quar.)
Corp.
12-16
Carpenter Steel Co.
Case
preferred
conv.
12-20
Quartz Mining Co., Ltd, (quar.)_
12-
$20.85
—_——
1-1
-Extra
■
Cariboo Gold
quar.)
12-15
I2-1&
"•'7v;
Extra'
-
(re¬
conv.
1-2
.
12-15
12-
(quar.)
12-15
(Hart¬
Co.
Trust
&
11-25
12-
.___
12-30
——
Bank
12-15
12-15
$1%
__———.
Investment
Commercial Solvents
1-15
.
•
12-15
—
50c
Co.
12-12
"
$2
> SlVi
(quar.)
preferred (quar.)
Trust,
conv.
Commercial
1$2
150c
—
Canfield Oil Co., common
6%
—_______
Oil
preferred
Co.—
(quar.)
Commercial Credit Co., common
Canadian
(cumul.)
Electric
12-16
,1-2.
12c
lie
120c
(quar.)
Canadian
quar.)
preferred
Ohio
12-10
1-
112Vic
_——...
Southern
Confederation
(extra)
Cos.
12-1 q
12-19
,
12-31
1-2
1$2
(quar.)-—'
-
Oil
(quar.)
(quar.)—
Ltd.
Gold Mines,
Extra
&
preferred (quar.)
67c
Ltd.—
(quar.)_
Canadian Malartic
Canadian
Co..
preferred
9c .ovuw^caiciii
xuuauuie
Devonian
1
'
1-2
12-24
common
on
12-31
1-
ISlVi
,
$iy2
Combustion Engineering Co., Inc. (initial) __
Commercial Alcohols, Ltd., 87o pref. (quar.)
12-15
1-
1$2
Electric
Registered shares
1-
t$l%
—
Investments, Ltd.
Baking,
J$1
t$2
f$l
12-15
-12-22
$1
(year-end)
Patent Fire Arms
1
1-2
Dewey- & Almy Chemical, .common; (year-end)
.
(quar.)
$1 partic. preferred (quar.)
1-3
'-
12-31
Extra
15c
12-
.12-26
12-20
.
.
12-.'8
12- 1
.
12-23
preferred B
20c
'Detroit
Products (yearrend)
Devoe &Steel
Raynolds, 77c. preferred (final)
12-12 "
$1%
u,
pref. (quar.)
(quar.)
$4.25
$7 preferred
12-15
r:12-l2
.Dlapiond.Portland Cement tyear-end)-_--_40c
.-12-12F-:Diamond!^^otbr;Car71quar.)_:_;^S;i^t.i^_:: ■•--v725c.;t
(initial)
Mines
Co.,
5c
——
12-15
12-30'
7.12-15
y
8c
ll——
12-22 J
t3c
15c
^1-F12-22
$1.06 V<
Columbia
12-15
'Detroit Steel Corp.. (year-end)
,
first
(year-end)__
com.
common-.
on
d'Alene
12-31
12-22
30c-412-22
6-18-42
Colt's
$1V2
"SlV'a
'Class B.'common(year-endj__
25c
$6
11-29
12-15
•
•
12-
Ice
12-12
12-15
5^ ' preferred7 (quar,,
■, preferred, (quar.)-"--------—.
:
V
Corp.
12-12
12-26
12-22
57*
12- "8
12-
12-31
1-
Jo"1?
'42-11
12-20
1-26
1-
12-26, ;
12-30ti;.l
12-18
1-15
12-15
!
$17a
pref. (quar.) _^_i_
Ltd.,
Co.,
t50c
$15c
12-15
.
2>r
t3c
t$l%
1-15
v.l- 2
vl-.2
'
61 %c
75c
5%
12-15
20c
$2»/2
P
:
12-26
15c
DetroiVlnternatlonal Bridge^ C6; .'(resumed).
25c
Coeur
15c
2
12-15
f25c
.12-31
7' '"$l '
1- 6
Extraa^-^4:-l--U___-_l_-:_-___-__-_--
wcvrutb
,
(resumed)—
Plow
Additional
12-15
1-
4
Cochenour Willans Gold Mines, Ltd. (interim)
11-29
preferred (quar.)
Canadian
11-29
1-
•
;••
""
,75c
.
12-15
6%
Canadian
$l,/a,
$l1/2,
•
i.__
Electric,
International
12-15
(quar.)
preferred (quar.)—;.
Canadian Foreign Investment Corp.,
.
12- 9
12-13
'77:;;rr'%V'i::'"," :4
* :
.F>- JS%i, preferred■ (quar.)— ;.• • -50c.2-J6-42.; 2- 5-42
50c
(S*&)
12- 1
(quar.)
Canadian Cottons Co., Ltd., common
12-29
12-24
—
fquifir.)
Delta Electric. Co.
«30c12r.l5 L
^!$a?
12-15
t$2y2
t75c
$12 %c
J25c
+5c
J15c
15c
125c
150c
(accum.)
(quar.)—
12-20
.i$142, ii:lr-v2r.^ :,-12tl7.p?'" jDetroit (Michigan.f Stove- Co.
*
Participating
60c
QJ^SS A
pref.
partic.
2
Vv..v..vr
:(-'j
(s-a)_____——.
12-10
(quar.)—■.
$3 pref.
Ltd.,
Coca-Cola
12-15
1-
42-15
Dixon
12-26
(quar.)_
(accum.)
(interim)
12-15
31 Vic
5
12-
Supply £o. of New York.
fr pre*.' (quaf) ---.;™--:
DepositedBank, Shares, series B-l__
Derby Oil & Refining, $4 conv. pref.
Detroit basket & Mfg. Co.
—'_
75c
tSl1/*
$37y2c
t50c
6V2%
5%
2
12-27
11-28
12-
Dentists'
31V»0
Colgate-Palmolive-Peet
Class
Canadian
75c
12-15
$1
"Delaware RR. Co. (s-a)
"De Long ;H6ok'4p"Eye (quar.):.—
9
11-24
-
_L
&
Gas
Colonial
■
12-
12-23
11-28
.25c
(quar.)_______________
Fund,: Inc.
.
.712-24
.
I 12-22
Extra,
12-10
12-20
.
Delaware
of Rec.
12-20
w. $m
——1— — —— _1—'—
(quar,)
1-2-40
12-15
(quar.)
v
12-10
:
Common'-(year-end)
1
Ltd.
Frere,
:«Holders
,
40c
-
"
..; 'Common ■:
:■'Class ■ A
t50c
$$15/b
B
(interim)
preferred (quar.)
Canadian Bakeries,
Ltd.,
...
(year-end)
12-10
com—
v
$35.15
$1%
preferred (quar.)
Coca-Cola Company—
12-13
12-10
1-
9
'
(quar.)
Co.
Counties
12-
12-31
9
12-
12-20
50c
(quar.)_______V-—
Co.
12-10
(quar.)
Packers, Ltd.
Chemical
12-20
12-20
Co. (quar.)
&
2
preferred (quar.)
Canada
(quar.)__^__t_^___r^T_u___
(ye.ar-?nd)
'
______
______
Suburban Bell Tel.
1-2
——
——
Northern
.Canada
preferred
12-15
t30c
420c
.
first preference
Canada
57c
75c
v t$2%
JlOc
(interim)
(quar.)
Crushed Stone Corp., Ltd.
Canada
(quar.)__"___;r--—_--_-__'
(quar.)__l——l_—'_l—ll
Cockshutt
.
Canada
(quar.)
preferred
preferred
12- .1
1-
11-25
12-
J—
preferred
12-15
25c
50c
(year-end)__
Co., com.
5%
5%
.
&
Decca Records
•,
12-19
15c
—
-~r
5%
25c
75c
David
conv. pref.
(quar.)——
..'j-bay'tonjAi. Michigan RR., 87c pref. (quar.)
.12-15
5c
(quar.)____-J__-
—
Securities
Common
(s-a)
25c
(quar.
7% preferred •(quar.)._.p----Zr.«--_---r-I^:"
Coast
—
Co. Ry.
<te Burlington
Camden
Co.
Copper
Clorox
ing
Campbell (AS.) Co.
Campbell. Wyant & Cannon Fdry. (year-end)
Canada Cement Co., Ltd.,
6Va% preferred
25c
Year-end
Feb.
;. Dividend normally paid on May 15
Calaveras Cement Co. (resumed)
25c
:
7
'i 12.19
,
■
.'(Davega Stores Corp., 57c
,' ..Extr'aV
{Defender Photo. Supply, common____,w-___
12-16r
: preferred; "(quar;),----^:—■
1-15-42
9-17
v pejonge (Lotiis) Co., 5% second preferred.,
|s 4-15;
Dglnite jMines,: Ltd.. -—
—
7-15-42 6-16-42
•
..75c
.
Dairy League Co-Op. Corp., $5 pref. (s-a)__
Darby Petroleum Corp.,,—_'.
;
When
v
,
y,>vPayable
$3
■
•
Climax-Molybdenum
•
12-29
$iya
Equipment Co., common' (year-end)__
preferred "(initial)
& Mahoning Ry. Co. (S-a)^_—1_
Cleveland Builders Supply Co. (Irregular)-J,
Byers
$2.0052
12-1
i2y2c
5 7c
8
1
12-9
Clearfield
12-15
12-
12-22
,12-15
Share
,-.i.
»
Cutler-Hammer, Inc..(year-end)
Clark
1
12-10
12-
25c
$1.10
■
City Auto Stamping Co, (quar.)
City Ice & Fuel Co., common
Clark Controller Co. (year-end)
5
5
11-28
12-15
,
Manufacturers National Bank
(Waterbury, Conn.) (quar.)^_v——*,-7
■Citizens Wholesale Supply Co., 6'/« pref..(qu&r;)_
12-15
12-15
,
.
5*
11-28
12-15
*5C
'
,
12-
I
Per'
"
.
.
1-
' i'
.NfHne.pLCempanv)
.• i
«»
^Cunningham. Drug. Stores,. Inc.—.
6%-jclass A Prior preferences--,——
.'Curtis Publishing,, prior preferred (quar.)__
..
-12-30
50C
■:
Cluett Peabody & Co., 77o
(A. M.) Co. 7% preferred (representthe quarterly dividend of $1.75 due
1, 1939, and interest thereon to Dec.
29,1941)
——^
—
Byron (Jackson) Company—
*
Mining Co.__
.
$1
,
(quar.)
Co., common
convertible preferred
.Citizens
12- 5
12-
(quar.)
>
Cincinnati Street Railway
12-
15c
" 7 $13A
77o preferred (quar.)
11-29
1-15
1- 2
12-22
.1-1;; 12-12-27
12-, 6*
$1
,
F
Rei'.»'
Cinn., New Orleans & Texas. Pacific Ry.. Co.
Common. (year-end)
f'.
11-21
12-
20c
J 15c
i..
—
Burlington Steel, Ltd. (quar.)
Butler Brothers (year-end)
Butler Water Company,
.
12-15
..
10c
—_______
(extra)
Burlington Mills, Corp.
12-10
12-13
12-
:150c
.
v
Tool
Christiana
12-10
12-29
12-23
50c
f$iy2
(quar.)——..
Bunte Brothers (year-end)
Burd Piston Ring Co. (quar.)
Chile
1- 2
12-15
12-15
1-2
,;
•
(s-a)
6#
12-19
12-15
" 40c'-V;l-''2'
..^50c -V 12-29
__
Bulolo Gold Dredging, Ltd.
12-20
Oil Co.
Cotton
Cincinnati &
$l'/4
.
Extra——*__■
Bulova
Chiksan
.
p
preferred (auar.)
6A7e
Bullard
O
12-20
common
Power Corp.—
Buffalo Niagara & Eastern
12-20
12-20
12-20.
Gold
Lake
Larder
(Quarterly)
(.Quarterly)
^
-
5
.
(year-end)
Bucyrus-Erie Co., common
f'' 7 7c preferred (quar.)___
-
25c
■
$5
,
1-2
1-2.
1- 1
$1%
87Vic
•
•
Brunswick
12-
t50c
—
(quarO--—
(E. L.) Co., 77c preferred
3Va7c
preferred (quar.)
;
j37Vac
•
—
$6 pref.
Bruce
■
•"•.Common
12- 5
12-15
fG21/ac
(Ont.) (quar.)
———---
1.2-15..'
,
preference
;
Chickasha
$1
Brown-Forman Distillers Corp.,
12- 5
,
......
Brockville Trust & Savings Co.
Extra
1-2
12-17
■
..50c
series A
of
;
? 75c.
common
Chicago Mail Order Co. (year-end)
Chicago Mill & Lumber Co. (year-end)
Chicago Rivet & Machine
Chicago Towel Co.. (quar.) ;
$7 preferred (quar.)
12-15
,,
„
dividend
Cash
12-31
.1-15
.
*$4
$5Vi
v,
(liquidat.)
;
payable in New York. City.
--v
.
Ohio Ry.^ common
&
on
non-cum.
Extra
=
(s-a)
Ont.)
,12-31
(Stratford,
Co.
When
Pay'bid
$1V2
Chesebrough Mfg. Co. (Consolidated)
A
t50c
Trust
&
4 '/e
Chesterville
___
Mortgage
Brooklyn Manhattan Trans. Corp.
Brooklyn & Queens Transit Corp.,
,
Chesapeake
-
Extra
Ltd.,
of Company
Chemung Canal Trust Co.(Elmira,N
Columbia Electric Power & Gas Co.,
British
V
Name
of R*C.
.Pay'ble
Holders
Per
Share
Holders
When ]
''tj Share
Name of Company
50c
1-
12- 5
.
12-10
12,
1
12-10
12-10
Volume 154
Number 4019
-ie"\7-
<
v7"'Per
Name
Field
(Marshall)
6%
2nd
of Company
& Co., 6%
preferred
-
$lVa
12-31
12-15
>
15c
12-22
12-12
i
Pennsylvania
Fund,
(Year-end)
Inc.
■
12-12
12-22
12-12
6%c
12-22
.
,
Bank
(Pittsburgh)
Additional
National
State
Stores,
Inc.
;Y
5c
12-15
11-30
50c
12-15
50c
12-15
1
4-
62V2C
(Chic.)
(quar.)_
First Realty Corp. (annual)
Fiscal Fund, Inc., benef. shrs., bank stk. ser,
Beneficial shares, insurance stock series—
12-15
3c.
■
Flintkote Company
1
25c
$4.50 preferred (quar.)
1-L-J$1Y«
Power Corp., 7% preferred (quar.)__
87i4e
Food
Machinery Corp.
(quar.)
Co.
,
12-23
(Canada), class A (quar.)__
Class B
Foresight Foundation; Inc.-r-
"
12-10
Dec.
:
11-14
Formica Insulation
&
Kleiser
class
A
Co.,
-
(year-endi__
common
(quar.)
_______
1
'
$3
$2
1'2-15
n-29
v;
50c
12-23
12-8
7
12-24
12-12
;
,
2
t$l3/4
7 1-
2
12-15
t25c
1-20
12-31
J25c
1-20
12-31
tic
12-30
12-15
25c
12-29
I
25c
Harrison
National Bank
Chemical
2%c
12-5
12-15
12-5
$1
12-15
12-
Franklin Co. Distilling,' 60c conv. pref.(quar.)
Fruit of the Loom, Inc.. preferred
(year-end)
15c
12-31
12-10
$1(4
12-19
12-
67*
convertible preferred
5%
Industries,
preferred
com.
(quar.)
!
—
i.
6VifS preferred (quar.)
Gaylord
.
Container Corp.
(quar.)
(quar:)i_—
Die Castings Corp.
(irreg,) ^
Furniture Cos., $1.50 pref. (quar.)
Commercial' & Sugar Co., Ltd.—
Hazel'Atlas" Glass tqu&r.)-—
Hazeltlhe COrp".
(quar.)_
Healy Petrolepm corp. (initial)
1
:
&
5
Heath
(D.
5V»S
preferred
(quar.)
Corp.,
Acceptance
ClassrA (qua*.)
*'
General
$6
-
Helme
12-15
7
12-
f
•
12-1
i
12-
7 Hibbard, Spencer', Bartlett Co., (monthly)
Hibernia National Bank (New Orleans)
:
(s-a)
1-1
12-15
68%c
12-15
-■
American
(yeaf-end)
25c
12-15
,250
12-15
Inc.
(year-end)
&
General
...
.
Corp.
-
a
—
3 771-
$1(4
-
—
—a-———.'iaa
General
Cigar Co.'(quar;)
General
Electric
General
Co. (year-end)!!.——_3____
Extinguisher (year-end)
S'7* pref.- (quar.)——
Fire
Metals
General
Mills,
—
12-20
'—'—
-
$2.67 preferred
Printing Ink;, common——..
—
'S6-, preferred -:-('quar.)a^-_u_i—
General Public Utilities, Inc., $5 pref. (quar.)
General Railway Signal Co.,. com (year-end)
(quar.)
$2.50
•;ir4- 2
12-23
Hollander <A»)
-
Corp
5-
S3
1—
6% pref. (quar.)
Gas & Electric,
Georgia RR. & Banking Co.
;5
$5
Horder's,
preferred
Art
Gibson
Co.
Paper Co.,
common
*
Household Finance
12 -15
12 -10'
-io
12
12-15 V;
6%
preferred
Huron
r
Mortgage
Corp.
"Hutchinson
12--4
2
-
Idaho-Maryland Mines
12
8
-
Ideal Cement Co.
12 -15
:
-
12-27
1
VI- 2
:
Bell
12-31
25c
12 -12
$1%
$114
■
________
"(quar.)^—
4%
.
•
50c
Central 7 RR,
Co.
(Leased
Commercial
1-
2
12-15
Telephone Co.
Wise.), $6 preferred (quar.)_
Illinois Zinc Co: (resumed)
1-
2 -v
12-15
Imperialle -Fuels—
1-
1
12-31 I
Corp..
common
(quar.)
a_—
'a
Machine
Alden
Glen
,25c
;
Stock .dividend
Co.—
Coal
25c
,
:
V 11-29
4Va7c
Globe
Co.,
(N.
Y.)
(quar.)—
•'.(interim)
preferred (quar.)
80c
conv.
56 'Ac
—|—
Works_____
Knitting
Globe-Wernicke
Co.,
(quar.)
Brewing Co. (qupr.)
<fc Stock Telegraph Co.
Gold
(quar.)__^__^
Goldblatt Bros.. Inc.,
Golden State
Goodrich
$2.50 conv. pfd.
Ltd. (quar.i
Co..
(B. F.)
Co.,
(quar.)
S5
preferred
5
—
(year-end)
common
1-
12-26
12-16
50c
1-2
12-15
50c
7-
■
1
.
12-15
12-15
1-
2
3iy4C
1-2
.ioc
12-15
25c
12-20
12-
5
Goodyear
s»l '/2
1-2-42
20c
Gorham
preferred
Manufacturing
Gorton-Pew Fisheries
Co.
Co.,
12-
5
(increased)
37>/2c
preferred—
Grand Valley Brewing Co, (resumed)
57*
(W. T.)
Co.
(Del.), common
preferred
fquar.)
Great
American
Tndemnitv Co.
Great
American
Insurance Co.
■
Great
$2
Lakes Paper
class
6
(N.
Y.)
5c
12-20
preferred, series (3
(quar.)
preferred, series B
75c
12-20
12-
(quar.)
50c
12t26
12- 4
1
12-15
1- 2
6
17c
preferred
1* ;
12-1 7"
1-
2
12-15 V
1-
2
12-15
10c
V12-15
11-21
;
25c
1-15
V 12-19
20c
1-15
7
12-19
6%. preferred
7
5%
12-15
50c
12-15
12- 5
12-15
12-12
12-24
12-20
J50c
1-2
12-13
25c
12-15
12-
II-29
12-12
12-10
12-20
12-10
"
v*
,
12-20
12-10
12-20
12-10
$$1
11-28
62y2c
12-26
11-26
30c
12-20
12-
5
50%
12-20
12-
5
$1'A
12-20
12-5
t$ 1
1- 2
50c
12-15
11-29
5c
12-22
12-10
35c
12-22
12-
35c
12-22
-12- 5
$2
12-31
12-19
$2
1- i
12-11
$iy2
1-2
50c
12-22
-
Rv/Co., preferred—.:.'—.—
12-20
+75c
|75c
12-31
12-20
$2»
$2
12-15
12-1
$2
12-15
12-1
V'
$2
"
12-20
50c
50c;..
50c ..
(quar.)—
—:...
12-31
ii* )
Institutional Sec.,-Ltd.
12-12*
30c
1- 2
12-26
nm
1-2-42
12-31
75c
12-20
12-10
11-21
1- 2
12-15
2
12-15
U.7
).
♦
>•;
4
tlOC
12-31
12-
20c
12-22
11-28
30c
1- 2
12-15
30c
1- 2
12-15
SI'/n
1-2
12-15
-50c
12-15
1- 2
12-
5
12-12
7
12-31
12-24
12-31
12-24
$$.1
1- 2
12-15
50c
12-15
(^25c-
,
—u
■■
12-
5
50c
12-15
12-
5
$1
12-24
12-
8
$3
li 2
12-8
25c
12-23
12-
8
12-
3
dp———>——•
3
3c
7
Intercontinental
(year-end)__—
40c
12-17
12-
International Business Machines Corp.(quar.)
Stock dividend
$l'/2
12-23
12-12
Cigar
Co.
Machinery
5%
(quar.)
40c
International Elevating-Co. (resumed) —__,7V,., 50c
International Harvester Co. (increased quar.)
50c
Year-end
_v
$1.40
•
—________
Internationa) 'Nbdcte
;
Cdi
of
Canada,
Ltd.—r
Common /(payable
U; S. funds)
7% pref. (ouar.)'(payable in U. S.
1
17c
U.
pref.-' ($5
S.
par)1 (quar.)
(payable
funds)
International
,
in
$1%
-v;
v:1
Telegraph
.
Co.
:y-
(quar.)
V
Vv
4
1-14
12-26
12-10
12-15:
11-26
1-15
12-20
,12-20
12-31
2-
2
83/4C
2-
2
$iy2
1-2-42
1
25c
12-15
12-
5
25c
12-15
12-
1
12-
8
12-
Co,
1-
20c
37 V2C
12-15
2
1-
1
2-
12-12
12-20
12-15
18c
2
12-
1
5
12-10
12-29 '
12-
12-3
6
5c
12-17
80c
12-15
50c
12-15
11-30
30c
12-15
11-29
$3
12-19
25c
1-
11-30
12-10*
2
12-12
,12-22
12-12
2
12-12
7.
:•
D
''■'71- 2'"'
$l»/2
1-
$1%
v.711- 2-
IOC
25c
(irregular)-
30c
common
50C
?
62VaO
;
67'/2c
& Co. (resumed)
Products Co.—(initial).
12-15
12-15
12-
12-27
12-17
2-2-42
1-21-42
12-23
12-10
12-28
12-19
12-19
1-2-42
12-19
2-2-42
1-16-42
50c
12-15
12-
1-2-42
12-19
12-12
1:35c
'12-15
(11-29
10c
2-
2
$5c
2-
2
1-
2
1.
•
7
5,7-
$l'/2
$1.10
+
i
12-19
$l'/2
$l3/4
Clay
;
:
1
12-28
12-28 ;i
Baking) Co., 6 % 1st pref:
:
12-15
2
12-15
•7
62'/2c
(quar.)___V:
1
•
12-30
•
1-
*
9
■■
U. 1-9
(Hamilton,-
Ifquar.)—'.
Ont.)
Landis
Machine
Lane-Wells
Co.
Lang
(John
Common
V
(quar.)
(quar.)
A.) '&■ Sons,.' Ltd;' (quaV,)
Lehigh Portland Cement, 4%
Lehigh & Wilkes-Barre Coal
pref.
Lehigh & Wilkes-Barre Corp.
Leland Electric Co,
(year-end)
(N.
(quar.)__
J.)
Uiqui.)
preferred
(initial
quar.)
Lexington Union Station, 4 % pref. (s-a)
Liggett & Myers Tobacco, 17c
Corp.
Lincoln, Petroleum
pref.
(quar.)_
Material
Belt Co., common
'
Co.
i.T
:
Lockheed Aircraft
(quar.)
^
(Interim)
&
Corp. (year-end)
Lone Star Cement Corp.
Coal
_
Co.
_______
(monthly)
____
(quar.)
rV Year-end 'a__-a_7V__--_'i-_'_a_V__-_'_____^_:;;
Star Gas Corp.
Bell
(year-end )______„a
$5 preferred
Lumber;
Tavlor, common
Co..
(quar.)
common
____________
(year-end)
7%
preferred (quar.)
Louisiana Land & Exploration
Louisville Gas & Elec.
B
(Del.), class A (quar.)
(quar.)
i___
Lonisvi"" Gas ^ Elec. (Ky.), 5%
5%
preferred
Louisville
&
Louisville
Title
1-
Ludlow
Nashville
___■
pref. (quar.)
(ouar.)
RR.
Mortgage
(year-end)
Co. (s-a)
Manufacturing Associates
Lukens Steel
2
12-15
11-29
Co
12-17
12-15
12-29
12-12
12-22
$i
1-2-42
90C
12-22
-
7
_______
(vear-end)
____________________
12-22
12-
67
12-13
12-
8
12-
8
25c
12-30
12-20
5c
12-15
12-
5
20c
12-20
12-
6
65c
12-15
11-22 >
60c
12-15
$1.30
1-15
12-31
1-
2
12-16
1-
1
12-12
12-15
12-
'
1
*
12-
1
30C
12-15
12-
1
$1
12-24
12-11 f
12-19
11-20
50c
$1%
Lock Joint Pipe Co., common
8% preferred (quar.)
Class
'•
«
12-15
40c
$1^8
:
(year-end)i..
(irregular)
(P.)
1-
12-15
20%
3c
Long Lac Gold Mines, Ltd.
&
:-v
7
62%c
50c
Little Schuylkill Navigation RR.
Locke Steel Chain Co. (quar.)_
Lord
11-28
25c
(quar.)
6Va% preferred (quar.)
614% preferred (quar.)
Long
12-15
30c
(resumed^
Inc.
(year-end)
Extra
Lorrilard
10c
$1%
(initial).
Line
Link
Little
11-28
$27
(quar.)
Locomotive Works,
Common
12-15
$3
Refineries, Inc.
j.___
Le Roi :Co._o_____Va_a__a—______
Leslie Salt Co. (quar.)
;
Lexington Telephone Co.—
Common (quar.)
Match
12-
25c
50c
7-
__
Leonard
Lima
12-26
12-15
Insurance
Leath & Co., $2.50 preferred
(quar.)_____
Lehigh Coal & Navigation Co. (year-end)
5.27*
•12-15
$ 1 '/a
$1%
U7'4c
Cement
(year-end)
Corp.
(Richmond,
;V'-:::7 777:,
(stock dividend).
Title
77:77 Va.) —:
pref.
__1
Lawrence Portland
Lawyers
(year-end)
7%
Company
Extra __L
'li
'$$1
Landers, Frary & Clark
.
1
3
1-
25c
"7;
Extra7ViVaia-aa^-__a^a^_v*»-^-i2uV--.av»;;
Landed Banking
&' Loan Co.
1-3
12-31
75c
common
Steel
"7"'
>;
7
(B.)
preferred
New
______
Ocean
1-28
.
50c-
funds)
6%
Lone
;
Rubber
Co.,
Lion Oil Refining Co.
—___—
Copper
Rubber
5
(Bank group shrs.)—•
Class A
%
8
12-19
$134
i
12-
r
1
12-20
(quar.)
series
(year-end)
Mines,'Ltd. (quar.)
Lamaque Gold Mines, Ltd. (quar.)
5
12-15
Co.,
2nd preferred
Laclede
12-15
12-15
•
;
beneficial ..int.-- (year-end)
Sugar Co., common
t75c
(s-a)__
1
12-
Lake Shore
:
12-31*
12-16
7.
12-
I
$2.50 preferred (qtiar.)'
$2.70 preferred (quar.)
Kuppenheimer
12-13
12-17
(I. B.)
Laclede-Christy
V
'
25C
~—
12-15
12-27
common____L:_—
Inc.,
(quar:)
preferred
7%
12-31*
1-15
&
Kroger: Grocery &
v',.VV (quar.).
12-11
1-2
12-20
Emil)
Knapp-Monarch
7'
5
5
12-26.
(D.
Kleinert
Ont.)
(extra)
common
Inspiration Consolidated
International
Oe properties—
(quar.)—
Klein
12- 4
60c
12-
Kingston Products Corp.,
12- 5
1-1
:
2
•$1%
$IV4
7%
41.31 y4
•
(Sarnia,
1-
11-29
12-15
$l'/a
pref,
6%
preferred(quarl);V/V:. $1V*
Mtge. & • Trust
4—J—
Ingersoll-Rand Co.,
12-22
25c
-
>
(quar.) V_*
County Lighting; 5 %
8
12-31
••
12-15
12-15,
12-15
preferred
Kings
Lion
Industrial Ravon Corp., common_-7—V___J
Common (year-end)i-.
:
■'—'
35c'
—
Great Northern
(s-a)
12-1
Pi
conv.
Industrial
:
11-15
12-
5 %
,
a
(s-a)
(quar.)__—
v.
2
12-15
(quar.)I_
—.—
1-
t$5'4
______
—
Great Western
-
8
11-15:-
12-15
75c
A
-Certificate*-of
12-12
Co.. Ltd.,.
Northern Ivn
.76%
%
12- 8
,
A
1
2
25c
$l»/4
12-
$11/4
class
1-
$l'/4
(quar.)
common
12-27
1-15
.
_____
5
1-
12-15
83/4C
12-27
40C
/
25c
(irreg.)
50c
12-20
common
12-10
-
cl. A (yr.-end)
$11/4.:
12-31
*
(s-a)
12-10
12-20
$l»/4
Extra
Lily-Tulip
$3 pref.(s-a)
12-20
30c
;
12-10
.
,
7:
12-
12-24
12-15
•
d::: $1
preference (accum.) —
$2 class B particv preference (assum.V—
Great Lakes Towing,
common
(year-end)
Non-cum,: preferred
(year-end)
Great
12-31
12-20
12-15
$1'4
—
(quar.)——
Gotham Silk Hosiery, 17*
Grant
,
•
1-15
;
67c
15c
$l'/a
(quar.)
Mines, Ltd.
Gold
Kimberly-Clark Corp.,
12-20
.12-
45c
_____
,
,
12-10
Motocycle Co.; common
non-cumulative- preferred
Indiankpolis Railways .(initial)
•
Indianapolis Water Co.—
V
5%" preferred, scries A (quar,)
Industrial Acceptance, • $2 non-cum.
(quar.)
*■<-—>-
'
12-31
common,
3.
Indianapolis Power & Light,
5y* % preferred (quar.)
•
(nu»r.)_fvear-end).
Ltd.
V
2
Canada,
Indiana Gas <te Chemical Corp..
1
11-29
$1 >4
Tire '& Rubber, com;
convertible
$5
12-
12-20
1-
7
7
of
12-
Keystone Steel & Wire Co. (year-end)
Keystone Watch Case (year-end)
12-20
$l'/2
Investors
12-15
Kerr Lakes Mines
(payable in U. S. Funds)
Keystone Custodian Fund, series B-l
Special
6-15
^'
Tobacco Co-,
50c
7 7
common
Ken-Rad Tube & Lamp
Corp,
.
(interim)
Indian
12-17**
2
:$i,4
—
2
;
Incorporated
9*
V12-22
62'/2C
(qua
12-
5c
■'
,
12-15
.
V
12-15
$1%
_____
Goeble
2
•V4-
15c
pref,
7
1-
;; 12-23
.50C
V-
r
11-28;;
12-20
40C
_
common
Imperial
■
V
J2-; 5
'
Glens Falls Insurance Co.
Glidden
•
11-29
12-16
'
(year-end)
Co.
; 42-15
12-15
5%r
11-15
12-
•
Girdler
12-15
11-28
(Madison,
67c participating preferred (initial s-a)
Imperial Life Assurance Co. of Can. (quar.)
Paper- & Color Corp.
V
1
30c
11-28
12-
12- 6
Kerr-Addison
Imperial
12-
12-20
2
2
Lines),
•-
12-20
'
___
12-15
12-24
11-
12-27
i—__
1
$l'/2
12-24
6
.7
:
7:
Corp.,
(s-a): V__
Kerlyn Oil Co., class A
.
8
12-
$l'/2
(quar.)
-
(James R.)
11-29
•
pref.
Co._.
12-6
guaranteed (s-a)_____
Illinois
-1?
;W/4 1-15-42
(quar.)
Illinois
:
12 -20
,
'•'.lw.*2.
&
.
(Ontario)
Telephone Co._—
(Julius)
8
12-
7
common
(year-end)
preferred. (quar.)________
12-15
Special
Illinois
12 -15
V
'50c ,12-20 r 12-10 1
Giddings & Lewis Mach. Tool (year-end)
v
*
Gillette Safety Razor Co., $5 pref. (quar.)_a.' 2-2 v- 12-26 s:
tlV*:
Common' (year-end)';
30c
42-24
12- 8
Q
Gisholt
Kayser
12-
$1
40c
(resumed). a_'_
(monthly)
(quar.)
.
1
1-
1
i_
Dept. Stores,
convertible
12-20
Sugar Plantation
12 -15
5%
75c
12 *8*7
:'N 12-15
1-
12-15
25c
6
7V1-15
.
(extra
Kaynee Co., 7% preferred (quar.)
$3 %
if;
12-17
Kennecott Copper Corp
Extra
',
1
12-
vvV: $iy»
t$i%
-
Furnace
6
.
5
1
2-15
12-
1- 2
$1
(quar.)
Erie
&
&
6
___
12-10
1-
12-31
—4———■/
(Harvey), InC. (quar.)
12-
12-24
•
75c
(quar.)
Bay Mining & Smelting Co., Ltd.__"
-Humble Oil & Refining Co. (year-endi
Humphreys Manufacturing Co. (quar.)^—__
Stock •dividend-
12-10
25c
37 y2c
Hudson
12-10.
•
12-20
6% preferred
Kearney & Trecker Corp. (initial)
Kelley Island Lime & Transport Co. (quar.)
Kellogg Co., common
Kellogg Switchboard & Supply (year-end)
30c
Oil, 6 To preferred
iHubbeli
'
Kaufmann
7
8
12-15
50c V
5%: preferred: (quar.U-Ii.__-—
Houston
Stove
Drug Co., common (s-a)
$4.50 preferred (quar.)
12-13
12-26
common
1
1
1
12-10,
75c
__________
Vegetable Parchment (year-end)
Kansas City Power &
Light, $6 pf. B (quar.)
1
Corp.,
75c
_____
11-
12i
.
V
;•
12-1
50c
pref.(quar.) _V
1- X
(quar.)__
12-
(extra)
12-15
$1%
Kearney
.
1
-
Inc.
preferred
12- 8
:
12V2o
$l»/4
12-
(Hawaii)
12-15
11-29
$1V4
12-20
'£? Son* (year-end)
12-15
12-31
12-15
Laughlin Steel Corp.,—•
A
(quar.)
B (quar.)
Mfg. & Supply Co., common
12-19
•;
.
8
15c
preferred
12-20
,/
—_
v12-31
8
12-
$ 1 V4
preferred
50c
J
—
50C
12-
11-29'
&
$1.20
7:
(increased)
12-22
12-15
12-5
25c
(Canada)
25c
60c
'
11-29
12-15
.
.
11-29
12-15
50c:
.
:
35c
Hosklns Manufacturings Co.
'50c
Houdaille-Hershey.7 class A (quar.)
62!/2c
* Class
B (yeajSend)-—i———a—„■.;
50cr
'
$ iy3
(quar.)
com.
(quar.)——:_
$6 pref.
(quar.)
12-15
11-29
20c
'••;
12 -16
Var.
Georgia Power Co..
12-
$1%
Hooker Electrochemical Co., .6%
'
1
12 -8
50c
9- $1V2
common,.
fouar.)__'____
preferred
Paper
Insurance
-
General Water,
12-20
12-10
:,
12-22
ttlHt
$1%
Joy Manufacturing Co. (quar.)
Julian & Kokenge Co.
(year-end)
'
Corp.,
(quar.)—^I—_—a
General Tire & Rubber CO.,
$1
12-15
5%
6%
5
12-1
15c
.
12-
12-12
12-15
$Ii/2
Kansas Electric Power
Co., 5%
1- 2
11-30"
t$l%
5%
Joslyn
4
12-15
2
t$iy2
$1%
Katz
;
-
Jones
7
11-26
12-15
1-
12-15
77
•
12-15
v,';:
(quar.)
1
1
2
t$l3/4
(quar.)
12-
12-
1-
12-22
25c
12-17*
«
8
75c
12-15
12-15
7
(quar.)____
Johns-Manville Corp., common
7% preferred (quar.)
;
8
$iy4
25c
$1.20
f7 15c
(quar.)
com.
12-24
:12 -16; v
;
12-15
1- 2
$1%
,
-2'^
-
12-22
25c
12-
Co.
12-18
"Honolulu Oil Corp; (year-end)
Honolulu Plantations lyear-endL
.
-77:2 -'2V".
.12-22
•I -4-
II-29
12-18
$1%
(quar.)..
(quar.)V_a^_^_i
Homestakei; Mining/Co;/ (monthly.) a__
Honey /Devf, -Ltd. (qu&r.l V
Home
-29
12-23
50c
v
12-31
$1
.
.
Holopharie CO^ 'Inc.'drreg.)
Heme FireV&• Marine :1ns. Co.
(Cal.)
I
12-26
12-23
•40c
*
'
50c
62'^c
Instruments
2
ll'/a
^
Tihie
12-
2-:i
"
,
(quar.)—
preferred
•..
.
Hobart ■ Mfg. Co., class A, '.extra
Holland* Furnace -Co;-r(quar.).
2 7- 12--16 4
' "7/4-
50c
>
.
(quar.)__
General
i
2-16
$1 V\
___—
Equipment
2
1-12
5-15
20c
(N. Y.)
Theatres
•
67c
Telephone Corp., common
preferred (quar;)—
General
$6
-
$l»/a
;
(year-endi
General Reinsurance Corp;
General
1
&
5%-preferred -(quar.)'
s
12-
12-ion
'.5-15
(quar.)
-
Refractories
$1
.1
Paint Corp.,
preferred
Dauch
_
$1V2
H,'*
U—__)
425c
20c
Dauch
;
•'2-16
12-
12-18
(quar.)
preferred
Tea
7
v_„I
Hinde
12-20
$1
^
12-15
12-23
preferred
1
prior preferred - (quar.)
Hinde &
11-29
1-15
V"t$io;.'
.,,
C7>
J
.
i
r 4-15 i'd 4-lV:
•
•i$4 participating class A_iU__
6% preffirre<f (quar,)
^Z
6% preferred (quar.)V--—.
General
-v
t
.*•:
12-20
•
12-20
50c
12-
12-15
Light Co.—
1-
—t—
1
dividend
(This
A
clears all arrears)'__:u___——
$4 participating class A._;
7;
■S:
Year-end
'
1
772-727
,106
loo
—
$l>/4
50c
___i.
;
12-
11-28
d-d
12-20
6%
5 y2 %
&
1-
;
—
1
-
12-
11-28
V1* -Fs
,
ioc
(resumed.
v
General
(s-a)
12-12
12-19; V
12-15 :
S
12-12
1- 2
1
2
(quar.)__u-_______*______^
10c
common .(s-a)
5%' preferred (quar.)Hilton DaVis-Ohemidal4extra)
_.12a-4:
12-15
.
12-22
*2*4*4
'.•'•12-29/5
$114
Common1 (resumed)"
.General
f
7%
12-1
.
V12-20 7
.
—
participating' class
.
$1 Mi. a
' 25c
.
$4
12-15
*<
35c •'"4-24. V
—
Corpv—*.
preferred
(qua'r.)____—
General Outdoor Advertising, com
v
/
^I2-20't
15
:
'
12-15
75c;
(extra)__l_. ;Nt
Inc.; 5%: pref. (quar.)
(resumed)
12-15
42-20
-
s. $1 V!i
Corp.
General1 Motors
Common
7
25c
i
'
Industries Co.,
General
y
12-15;
8c ;:
.
■''v: aExtra'
General
V
5
Common
Hickok Oil-Corp.—•
:
Common (quar.)1-.
'
BOx
'Extra
2
12-22
25c
1-
preferred____
common
1*
1-15
2Va7o
6%
1Z-
12-15;
1-
".';;$114
(year-end)
37V2c
1
7% preferred (s-a)
\
Hewitt Rubber Corp. (year-endl
-•
12- 5
12^29
12-15
10c.;
Bottlers, conv preferred (quar.)— 7 13%c
Co. (quar.) 7i.-J~.di-~———'•
lc
General
1
1
50c
prefei'red
Jewel
8
$1 y4
25c
.
V-'
{ t $1 VSe ■'
(year-end) a 777 $1
Film, class A
Class B'tyear-end)
12-22
5 25c
12-
12-
;
Hershey Creamery Co.,
1
1
12-
12-
5
7%,
Kalamazoo
•
Transportation
>
General Aniline
;
a.—______
1
12-
12-1
$1 '4
1-7*
.
Kalamazoo
V'
12-15
*"•1-1
12-20
12-22
(quar.)__
7
12-10
1
$i%
25c
Co.—
Shoe Corp.,
1-
$1.14%
preferred A
I-15
.
I——
7
:
200
25c
12-
:*.
(stock)
Jersey Central Power
12-9
12-31
12-15
(quar.)
(C. E.) & Co. (quar.)_
Jefferson Lake Sulphur
v;
6
1-15
12-29
$I,/2
Inc
preferred
Ltd.—
'"C." Inc.
Utilities
Water Supply,
12-4
(Geo. W.) Co., Common (quar.)
Extra'
$5
2
12-15
■"$$1%
Jamieson
12-17
12-23
(John)
Jamaica
12-15
25o
'
v •V--'
Irving
2-2
(quar.)'—_
(G4 Brewing Co. (year-end) _____;
Hein-Werner Motor Parts (quar.)
H
12-15 V
I-
12-12
•
12-18
Heileman
;
12'/2c
•
1-
Extra;
$3Vt
preferred
12-31
12-31
(quar.)——
preferred' (quar.)___
General
77
Investors Co.,
Amer.
Co.,: 7%
12-31
_______—
com.
C.)
10c
12-15
'
General
(irreg.)
tl5c
tll'Y*
t$l,38
17VaC )
—
Electric Light Co.
V
12-15
2-
1-12
45c
Irving Air Chute Co., Inc., (quar.)
..;
12-16
1-20
Group shares
Southern
liy2c
•
preferred (quafj
' VHercules Powder Co. (year-end)
(initial quar.)
(quar.)
.
,
'
5
1- 2.
2
12-12
t25c
7%
preferred (dividend arrear ctfs.)
6y>% preferred (dividend arrear ctfs.)__
6%
preferred (dividend arrear ctfs.)____
•
12- 5
$1%
____________
Harvill" Aircraft
,
iquar.)_;
common
Power. Co.,
-
Haverty
■
Gar Wood
-
Hawaiian
11-19
.12-20 ,
(year-end)— 777 5c
Fundamental investors (year-end)
12-22 ■}: 12-10
• 33c *
Game well Co., common (irregular) —;
12-15 :
12- 5
50c
$6 conv.'preferred (quar.) —as.————
12-5
12-15 fti
$lVa
Gardner-Denver Co., common (quar.25c
.1-20
1-10
Extra" ■ !—'—::^'566
12-23
12-12
$3 convertible preferred (quar.)
I,
75c
2-2
1-20
Garfinckle (Julius) & Co. (quar.)_
12-31
12-15
HVaC
Gatineau
■
—
V
Co.,
$6
Securities,
Investors Fund
Iowa
1-2
1- 2
•
Bank
12-16
2-16
75c
$1.
Institutional
5
12-
12-31
J3c
?
Hartford National"Bank & Trust
•
Brewing
,
-
(N.. J.), (s-a)
(ihcreased quar.)_______VV
Hart Battery Co., Ltd',
(year-end)
Hart & Cooley
'
12-15
12-15
$l>/2
_V.
Harshaw
12-15
5ft 7
'
common
'Co./ Irtc. (quar,)
1
12-31
712-20
t$iy4
$$1'4
•
(quar.)
Harris-Seybold-Potter Co.,
$5 preferred (quar.) •*
12-
-
pref.
i__
12-29
-
1
12-
12-15
25c
1
12-10
-
V:
12-
12-20
Co.
Interstate Telephone,
of Rec.
1-12
(
(accum.)
pref. (quar.)__
Telegraph Co. (Maine)
Department Stores______
Interstate Hosiery Mills
Interstate Natural Gas
12-20
12-20
t75c
7
12-15
lc
Extra
„
12-15
1-2-42
25c
Harrisburgr Railways Co
Harrisburg Steel Corp. (quar.)_
12-15
1
(quar.)
Harbison-Walker Refrac. Co., 6% pfd.
(quar.)
•
1
12-
•77 Extra"
Hartford
i
••
•
preferred
Frankenhiuth Brewing Co. (quar.)_____'
7Extra*''
Frankfort Kentucky Natural Gas
Schmidt
7
1-
:
Extrh
Properties,
12-15
12-
12-
Holdert
Payable
}$1
International
Interstate
12-10
12-12
Mines, Ltd, (interim.)
Harnischfeger ■ Corp. jl
12-
A
-
Petroleum, Ltd. J.
Fox (Peter) Brewing Co. (quar.)
&
1
12-22
2
12-15
12-15
12-31
(quar.)
12-30
■
712-15
12-15
preferred
Hard Rock: Gold
>
5c
37V2C
Star
Fuhrmann
1
24'/2c
•
_.
$7 conv. pref.
Canada, Ltd. (quar.)
of
_i__I
Fox-St: Louis
5
12-
___
Co.
preferred
Foundation Co.
Four
12-15
12-
12-22
__
Wheeler Corp.,
Extra
12-31
12-15
12-15
2
$1.50
7%
Hamilton United Theatres, 7% preferred
Hammond Instrument Co., 6% pref,
(quar.)
Hanover Bank & Trust Co.. (N. Y.)
1
2
43%c
Water,-
Harrisburg Gas, 7%
Non-cumulative class A (s-a)
412 West 6th Co. (annual)
6%
35c
50c
125c
$25c
,
Foster
7
12-13
12-15
1-
Share
International Shoe Co. (quar.
International Silver Co., 7%
12-10
.
'
Internat'l Power Co.,
Ltd., 7% pref.
International Salt Co.
(year-end)
1-
$1%
(year-end)
50c
Paper Co., common (year-end)
50c
AVaTo
preferred
(quar.)
$1.21'/a
Hamilton Cotton, $2 pref, (quar.)
$50c
$2 preferred (accum.)'
_______^
3
4
$1V2
Hammermill
12-3
1
12-
(quar.)—
"
Ford Motor Co.
Foster
12-
12-15
1
12-
12-18
1-
Hamilton Watch Co.
7,
12-
12-20
12-27
50c
"
12-20
$50
Name of Company
y
International Paints, Ltd., 5%*
preferred
Accumulated
12-15
Haile Gold Mines,
Inc^_a—,
Hall (W. F.) Printing
.Haloid
-
5
,
50c
12V2c
$6• preferred (quair.)'
?
12-20
12-
t50c
tl2V2c
"When
Per
of Rec,
12-12
2
1-
1485
Holisre
12-19
tl5c
pref., (quar.)
Hackensack
12-11
12-15
Florida
Foote-Burt
2
12-31
3 9/10c
'
3-31
8c
When
Pay'ble
-7 $3
•
•
Gulf Power Co., $6 pref. (ouar.)
Gulf States Utilities, $5.50
5
$1%
_______________
,
1
1-
7
12-
-
•
(Year-end)
..
12-31
,!
•
57o preferred (quar.)
1 31 'Ac
Guaranty Trust Co. (N. Y.) (quar.)
OV/V
$3
Gulf Oil Corp.
(quar.)_V________________--_;
25c
X
.l2*..5,'-i
V
1-2
$2'
$2
:
■;*
(quar.)
Pawners Society
11-30
.
:
,
First
12-20
Company
(s-a)_-^____l__-____a-
Griesedieck Western Brewery..:
Group No, 1 Oil Corp. (irregular)
Gruen Watch Co., common
12-12
2
12-15
(quar,)
:
First
1-
2'/2c
of
Co.
Extra
'
Per
Share
,
Name
Railroad
Greening (B.) Wire Co., Ltd. (quar.)
Grey & Bruce Trust & Sav. Co.(Ont.) (quar.)
12-12
12-22
10c
$2
Fireman's Fund Indemnity (quar.)___—_____
Firestone Tire & Rubber Co.
(year-end)
National
12-22
15c
(quar.)
(quar.)
.1
1-16
.
;
Greene
12-26
:
1-26
1-16
10c
preferred .(quar.)
of
>'
1-26
.
Ind.
1-2-42
$1
$1.183/4
-yv'-V
V
;*V;
; 7
-
,
Financial
of Rec.
12-15
(quar.)
Finance Co.
•;
12-31
(quar.)
Extra
B
Payable
25c
com.
Holders
'
$iy2
(quar.)_,;,
Extra 1
51/4%
•
(quar.)
(quar.)
Finance Co. of America, class A
First
■
preferred
Class
When
Share
preferred (quar.)
Fifth-Third Union Trust Co. (Cin.)
Filene's iWm.) Sons Co., common
4^4 %
THE COMMERCIAL & FINANCIAL CHRONICLE
-
12-15
3-
1
12-27
1-
2
4-
1
122-
5 7
9
12-12 7
12-15
3-16
50c
12-20
12-
5
50c
6-20
6-
5
25c
12-23
$10C
12-20
'•*•
12-12 V
12-
6
90c
1-15
12-12
*
30c
12-27'
12-15
;
10c
12-27
12-15
•
$2
12-27
12-12
$1
12-31
$2
1-2-42
75c
12-23
12-11
12-10
12-31 7
$1
12-23
712-11
30c
12-20
11-24
'+$5
12-26
12-11 1
$2V,
1-
2
12-17 7
30c
12-19
12-
5
'
$1%
12-19
12-
5
:
10c
12-15
12-
1*
37 V2c
12-23
25C
1-97
11-21
11-21
$l»/4
1-15
12-31
31 V4c
1-15
12-31
$134
12-23
11-23
10c
12-15
;
11-29
15c
12-15
11-29
S4
12-15
12-
8
20c
12-20
12-
5
<
■
/• /
,
;v'/,<
'
,
■
Common
Co.
Royalty
'
,
"Extra
/
conv. pref. _____—_
Razor, com. (year-end)
preferred (quar.)
—
Co. (year-end)
(I.) & Co. (quar.)
Magor Car Corp., common (quar.)
$lVi;
$1
15c
y25c
11-24
8
8
_i__l
Extra
Midland Corp.—_____
Trust Co. (N. Y.)
Mfg. Co. (irreg.)_—;
Marine
:_u_
.
(quar.)__
Marine Midland
Marion
———
Power/$5 pref. (quar.)
Marion-Reserve
Martin-Rockwell Corp.: (year-end)
Marmon-Harrington Co. (initial) (new)_____
(Milwaukee/ . (s.-a.)
Marsh Wall Products, Inc.
1
Marshall Field & Oo.,i 6% preferred (quar.),_,
Marshall
Ilsley Bank
<fc
2nd preferred (quar.)
«%
(Glen L.)
Martin
Mount
j
Muskogee Co. (year-end)
Munsingwear,
12-15
Mutual
11-29
Mutual Chemical
12-
4 .)
12-
3*
12-20
Extra
4
National
12-
4
Nat'l
12-15
National Brush Co.
12-20
National
Can
National
Cash
12-10
i-—:—;
Extra
preferred (s-a)_t—___
Distilleries, Ltd.
7%
partic.' preferred (accum.)
Melville Shoe Corp. (extra)
€%■
5'a
conv.
(resumed)
1
>
; 430c •
•
j—-
25c
_____
-.
■//;:• 50c
: v $l'/»
^lVa
__
1st preferred (s-a)
>
(quar.)
Common (quar.)'/
■Louis),,
■
:
$1'/a-
.
8
12-
8
I
12-10
•V
,
12-12
11- 1
12-23 «
12-4 1
1
"1-
.
12-26
l
12-31
■:
12-13*
12-15
12-29
12-23
12-23
1
1-
Sayings
Loan-&
Midland
; • '
—■;*.
Co,..JPort Hope,.,/_
,Ont.)i
(s-a)
New
&
Power
Jersey
Water Co. (s-a)
Co.; 6^
•8"!o
preferred
(s-a)_s
—,•
Supply, common (extra)__
,
MidrWest
Refineries,
Falls
Millers
Inc.
5fir pfd. (quar.)
pref. (quar.)____
1-
Mississippi Rher Power.
6^ pref. (quar.)
common.;.
Mississippi Valley Public Service,
preferred B (quar.)
Mississippi
Valley. .Trust
j (St.
;
.
,5 V'2% preferred
Modine
Mfg.
Molvbdpou*ri
Co.
Corp.
•
1- -2
Montreal
(quar.)
City & Dist.
Savings Bank (quar.)
Cottons. Ltd., common (quar.) ___
preferred (quar.) ___—
______
Montreal Loan & Mortgage (quar >______
Montreal
,,12-15
12-
-
5
12-15
2
12-23
12-12
$1
12-15
11-29
10c
410c
12-
12-15
4
1
2
12-1
.12-20
12-10
7
11-
2
1-2
1-
*12-20
'12-20 J
12-20
2
75c
12-20
12'4c
12-18
'12-10
12-
2 ;/
12-15
43 3/.,c
1-2
t30c
12-15
12-
15c
12-29
12-15
i
87'4 c
1-
2
—-:
r
25c
Co. :(quar.)___„
Wolverine
Cnpiriany-', "
*
Penick
4$i/7 /12 -15 y
com.
.
(quar.)
(J. C.):
.
Corp.
12-15
4$1%
12-45
12-10
25c
12-18
12-
75c
12-15
12-1
35c
2-15
12-15
•;;ri 30c
12-15
12-27
$5 preferred (quar.)':!!;;,.;..!..,_______
Pennsylvania Exchange Bank (N. Y.) (s-a)i_!
$1 '4
1-
2
30c
12-16
ioc
12-16
'
Pennsylvania" Salt <Mfg. Co.y (year-end-
Inc.iyyi;L"_____:__"_''_'Ji! 'y, y
40c
>
•', $1
Peoples Gas Light ft Coke. Co;
Peoples Nat'l Bank of Wash./.(SeattIe);(quai\)
*y Common
.;
/,7
,
-
.
/
1
«,
«.
■
:•
Pfaudler Co.,. (quar.)
^
:"•**.
com. A, (year-
!'
(Watertown)
Trust Co.
Northern
New York
Northern
Ontario Power, Ltd.,
preferred (quar.)
Greyhound-<Lines,
1-
12-12
t$3
1-
2
12-15
4$1
1-
2
12-15
t.tl
12-15
11-29
4$134
12-15
11-29
11-30
i^T
Co, (irregular)
Light & Power. Ltd.
Corp. (quar.)_
class .A
_•
(Toledo)
Co.—
(irreg.)l-.v
i
preferred
(quar.)
Ohio
5%
Finance
Co.,
■
.
/
.
r.,
?,
12-20
.
;
:
12-20
3-25
,12-20,
-
-1-l:?^412-12Mv;
i-
12-20 y
v
12-4,-:' R-
12r20 •■'.•;-12vl*.'/^
K12-20 -V 12-il«
25c
412-18-1'! 12- 8 •'■»" *
25c
;vl245"/-12-05
>;,
35c
;• 12-15
1-
2 -
(year-end)
leasant
lomb
12-15
12-
5
12-20,.
12-
1
I.;___z_~__~y;
V
-
Common
8 yy
1•y
•
" 11-
■
-
12-15
12-15
1-
12-15
.12-15
40C."
$l'/4
$1
'4 "■'
$1'/a
,
1212-
17:1-
•
yy
12-22
:
12-15
12-10
12-22
12-10
11-22
.'12-10
*12-15
>
12-
5
12-31 f I
1-10
1■
2;
12-18
,.1- 2
12454
1
12-15 /
1- -2
Chicago
Ry.
&
Co.,
com.
»
12-24 4
<
V
(initial).
Co./(quar.)_l__
11-29
11-29
12-13*
1-
/12-22
yiui-i—
>
12-10
$
12-10
y,
v
1-
2
1-
6
12-10
11-21
$3'4
$2
15c
12-15
12-23
12-
12-20
11-28
$2%
12-19
12-12
$1
12-23
60c
12-23
y ioc
12-22
15c 2-15-42
Co.,
;/
1
12-23
>
;.;.7 $1%
$l3/4
Bolt___^___-_j_;!;„___4;/
15c
5-15-421
15c
7-15-42
15c 10-15-42
——
v*
12-12 '
12-16
/•,.
Plymouth Oil (quar.)yi.y__-__.__--_J_______
30c
Stock dividend
• .»•-• 1
Pollock's, Inc.,
;preferred (ouar,.)______
/'37'4c
Pollock Paper & Box Co, 7% pref. (quar.$i3/4
Powdrell & Alexander. Inc,_/__^_Lw___y/___ -;/;/ 10c
Pov/er Corp./ of Canada, com. (interim)
•
415c
6% 1st preferred (quar.)
t$l'4
6'^> non-cum. partic, preferred (quar.)!/!
475c
Preferred Accident Insurance Co. (quar.)^i_
20c
Prentice (G. E.) Mfg. Co.4year-end)_______
$2
Pressed Steel Car Co., 5% first preferred—;.
+25c
5c'o second preferred
—i—$2'4
Preston East Dome Mines. Ltd.
(quar.)
,
45c
Price Bros. & Co., Ltd./5'4 %vpref./(quar.)t.y
Proctor & Gamble. 5 '4 ?/■- preferred (quar.)^l ^ ; $i'/4
pra»r«4s Laundry,-' coinmon
(quar.) l-ui—! /,
20c
12-20
12-
5
>
1-31-49,
4-30-42
6-30-42,
9-30-42
11-25
^
12-23
11-25
i
12-
f
42-15
12-
12-15
2-
1
1
12-31
2
145;
12-31
1-15
12-3!
12-
12-19
12-15
,
12-29
32-13
12-29
12-13
1-15
l-; 2
j
5
12- 1
12-31
;
12-20
12-15
11-25*
J 2-15
12-
5
12-15
12-
5
.
;
••
'
12-15
12-15
t
2
r12- 8
12-23
/v
12-24
$1.65
'•
'
8
&
25c
___i
___
Tool
"
■
Columbia,
Valley Wine Coy (year-end)
Common
12-20/
,<$IV2
$1
y
42-
British
$3.50 preferred.™ '
't$l
& Iron (year-end50c
Common •
12-15
12-24
of
•
12-10
1
1-2-42
Coal Gas
:
1-
v
$2
-
Pjlacer Development, Ltd. (s-a
50c
y
common
ttsfield
;
iyt
12-22 'M^-lTi
12-12
■
________
12-1
■ -
42-22 ;/1242
.12-15
7%, preferred (quar.)
Pittsburgh & Lake Erie RR. (year-end)..
Pittsburgh Plate Glass (year-end)
Screw
>
12-22
Mines
Wayne
!v>
12-1
)12-31
Pittsburgh Forgings Co.
.
*
410c
30c
(quar.)__J_!!_l»_i.>
Mines
410c
Ft.
2
'>) V 2
Coke
Pitts.
)
Corp:,
Pittsburgh
1-26 /!" 12-31
4-26,; 12-31
12-12 v
50c
$1
Pittsburgh Steel Co.—
5'4% first prior preferred
12-22
$1%
& Machine (irregular)
*:
50c
2c
Gold
Pittsburgh
1-2
(quar.)
12-20
12-15,>
J--,' 2 '7/ 12-! 1
<f-
■
:-h-,
5-v-
1-2-12-20
50c i<\
50c
12-
preferred- A 4quar.)75c
Brewing Co.,
.
4$l'/2„.
Gold
Crow
(quar.)
12-10
y12-15
'."$1.80
prior preferred (quar,)
"preferred (onar.V
Ohio Forge
i)
12-15
1.12-20 >"42-10 ?■„
$2'/a
,
12- 2 1
12-31
1-15 7
./.;-/' $1-
preferred (quar.)
$7 preferred (quar.) r
$6.60 preferred (quar.)
$5
;
.
$7.20
(quar.)'
V
12-10
■$l"M?. .;'y,4-, 2 / 42-16
: :: $2 •/
It 2
-12-15
75c ; 12-19 / 42-10
.i-i—y
'7^_______/
-
-
preferred
12-10
12-22
;-12-22:y
50c
$6
.
(Hartford)
Co.
Pittsburgh
sir- ii
__i._y.iT
"
Securities
Pioneer
ij?-20 7 42-ife'
(quar.)/__!
(year-endi.
Co.
Co.,
Brass
12-15
V 12-15.
44c
$1 Vg
;y .(quar.)
7"
•. j>
12-16
——rr-rr'-y
(year-end)
No-Sag Spring
Ohio
v
;
4$1'4>.
.,
Telegraph Co. (s-a)
Norwich & Worcester RR., 8%
pref.
12-29
$l3/4
1249
420c. ;
.
Northwestern
Co.; Ltd.
12-20
v12-19
75c
75c
pref.
$6.50
(quar.)
Northwest Engineering Co.
Sugar
Oceanic
Oil
»
I
75c
<81.31%-.
Pilgrim Trust Co. • (quar.)
"
common_;_Z'_
Northland
Oahu
V
'
tt
Pierce Governor Co._j___;
.12-10
~
>'•
50c
$1 Va
12-12
12-27
50c
_4____
convertible
Pickle
'
•
Nova Scotia
Phoenix Insurance
■*£>' Extra
; 12-20 I
12-20
'
12-29 ".
«
4'. 75c
B (year-end)
r
v42-29
87'4c
prior preferred (quar.1)
17'4c
North Central Texas Oil„(year-end/" :v.«
Northern Central Rv. Co.
Jdii® ,5.
:420c
Northern Empire Mines Co.* Ltd. (interim)'-"
Edison
12-15
..-1- 2
20C
1
8%
Citizens Trust Co.
1
25c
preferred
7"P|»jJf.& Jrenton RR. Co. ■ (s-a) _ ___■
Phillips Packing Co., VA%:\ pref,* (quar,)!:
S3
;25c "4712-20
Finance, class A (quar.-)■
North American Rayon Corp.,
/
«««&■.;
-.75c..-a;l- .2 -7'; 12-10/r/
preferred (quar.)
7% preferred (quar.)
Ohio
1-15
3-31
-
12-15
,
1-15/
:
,42-27
25c
M/y $3'
(irregular)_i.„_
Philadelphia Electric Power, 8(k pref. (quar.) | •"! ^ 50c.;
11-29
•
X85
,11.%c.
Prior
6%
12-15
11-22
2
25c
:;r*VA"
$5--/preferred y(quar,/)-/:
Philadelphia Dairy Prodiucts, 1st pref;(quar.)>
i-12-30 7 -12- 9 7.-
p?A% preferred (quar.)
Common
12-5
;11-28 7
.12-29
;
25c
i/i
•it/#
•
:
:
Ohio
12-15
1-
,
60c
/
j
.
Phoenix
6% preferred .(quar.)r___
North American
•v
12-27
Sl.'/i.
i
'j 12-15^
1
$l» -••I-'24-
Water &/Power, .com/; (quar.)%,<\
preferred (quar.)
i
1240
12-75 4;
1245
62'4 c
Pennsylvania Telep, Corp., $2.50 pref;(quar.)
11-21
12-10
1246
$1
;>■/
1241
:
1 ■<
yy-y $2
Pennsylvania
$5
1-
25c
(year-end)__L.!!it_r^__,_!;
12-; l r ;
-12-114
2
$1V*
)
14
- *:y
'.,,1-
:>y
y Extra /--L-r'
Pennsylvania Glass- Sand Corpj ;com«. (quar.) .
£'*6% preferred (quar.)f•*•
12-
70C
•-
8 ;>
;y2- -5<
12-15
25c
;
;;
12-27,
$2
>
12-15
1-1/'
t$iya
.
11-29
12-20
Y-J. 75c
(year-find )__4_^—!_
/
11-29
,
12-24 "/*:12-12
50c
,
l -,>
12-15
yi2-.5
;/25c
Pennsylvania Edison Co., $2.80 pref.. (quar.) ;
Peoples Drug Stores,
.
450C
;5,
Pennroad
.12-
12-30
12-20
;
Co4--T——n-'
12-9
12-19
,
.
i-;2 J
t$1.50
j,
Switch, $1.20 pfd, cl. A (quar.)
Penn Electric
Penney
A
■
2
25c
4:
(year-end)_
/'■ y. Preferred A. (quar.)
Pcnn-Dixie Cement, 7r/o .preferred
,y 12 - 19 **' • 11 -29
$i'/4:-y 12-24
12- 9
Inc.
of SEC).
proval
12-15
<
:-i 25c
6 v-
,12- 8
y.1-15 /:
75c
,
.-r
prcferredx_^;______..;y
12- 6 4
•s
'12-
12-23
<
:
12-„1
12-22
1-
5
>./,
12-22
$1
.-•
Peninsular .Telephone.: (quar.)^:_'_;';__!___-___
11-20
12-19
.>—.
(year-end) _\l - •
North American Co.. (stocks—
; - 1 -/
•
(One share petroit Edison stock for each
50 shares common held, subject of yap-' " -'
Aviation.
12-15
12-15
12-20
$1
V
1245'
'4 c
•,
4//''
J
■i* 12- 8
12-19
Ltd._!y;'_____
& Ford.
12-15
1-2
$1
Corp;_____*___
Cement
Peerless
I
-;12-15
;;12-24
$2'4
___jLTy:';
American
12-29
431 '4c
Manufacturing Co., Ltd.,
Peck, Stow & Wilcox Co.
(
J.
yy 5oc
preferred (quar.)
.T/f
;
12-20
12-20
2
25c
/vl:
;
Appliance
2nd
12-13
2
;
(guar/)
Parker
•i//5"V'.. -r#^->V'jA''S.$?•
(quar.)__,_—
Ry.
Extra
North
-
& -Western
12-29
1-
,r—
1-
1-
10c
$5
4$l'/4
$1
v
Parker
,-
12-22
;
12-31
,
$1 '4
«l'/2
50c
(s-a),;
(J. J.h Co, (quar,X__
Newmont Mining Corp. (year-end)
Novadel-Agene
Service Co.—
»
A
1-
preferred B
Peabody Coal Co.,.6%
,
12-31
■:$3,4
$3'4
■
6
25c
4$l3i
.
12-
12-20
420c
(quar.)_
of America,.—________
8
12-18
12-15
12-15
j
;
12-
8
-,12-20
.
;
12-
1-2-42
-
preferred
Class
•12-31
$2
(quar.)
Monolith
Portland Midwest Co.. 8%
pref.
Monroe Auto Eouipment (vear-end)_^
Monroe Chemical.
$3.50 pref. (quar.)___—
Llontana-Dakota Utilities Co.,.,common____
6%
preferred (quar.)____________—__—_
5%
preferred (qUT.)_—
Montgomery County Trust Co. (N. Y.), (s-a)
Montgomery V/ard & Co., common (quar.)__
7%
50c
4$1
(quar.)
Monongnhela West Penn Public
12-22
' $1
tV/2
Ltd., common (quar.)_
„—
5c
Louis),
Machine Co.
Extra
11-15
j1,.
12-15
1-2-42
•
Modern Collet &
.12-15
$1'4
(year-end)
Mitchell (Robert) Co.. Ltd. (vear-end)_,_
Mobile & Birmingham RR.. 4% pref. (e-a)
Modern Containers,
11-15*
$1%
Missouri Portland Cement
■.
12-10
>12-15
7%
Paton
-
12-15
11-22**
/
1<2'
.
i
12-18
2
12-31
1
>12-13
•f.
;$i'4
v;
6%
Co.
12-20
$1
(s-a).
Park
State Trust Co., (Hartford) (s-a)__-:
Park & Tilford, 6% conv. preferred (quar.)>
jyi
t,.... V"$2'yy42^20<':"'42-10 J
Newport Industries (year-end), j—;u—
Newport N«ws'Shipbldg. &.Dry. Dock Co.— /^
w12-13
,
1-
12-15
$1V2
12-15
1
12-2.9
ioc
Paracale Gumans Cons. Mining Co. (mo.)__
13-12,
Norfolk
12-23
10c
Newberry
12-13
145, *
( ">
preferred A
Page-Hershey Tubes, Ltd.' (quar.)______
Panama Water & Power (quar.)
Pan American Airways ,(fesumedjy;y__^__
,
preferred (s-a)___
5
$VAC
";
■
.
—^
(quar.)
preferred
/,
•'>
c
12-15
New-York Merchandise. Co, (year-
1
4c
;'
(year-end)
Co.
Minnesota. Vallev Canning,
Mississippi Power Co. $7
$6
,f
',12-27
*
12-
50c.
,
?.
•
6J4r!».preferred—...
preferred
12-
-
1- 2
(quarj—
Manufacturing Co.—
1
12-15
1245
ioc
■
l(V/e
12:-•'
2
30c
#
12-22
12-
11-29*
y; 12-13
12- r>
;
com)non_-_/____rJ.'__
12-20
i
12-15
# 75c
(resumed
4irregulgi:)ii!;K;;y_tl'4;il!:!
New Haven
f
12-13
1-2-42
7
1-%
Light
Clock Co., 6'4%. preferred
River
12-23
y
Investors, Inc., $3 pref: (quar:)
,vj«$2,&,yl2-20'"<"y• 12«-10 ;:;J '• Pennsylvania RR.
..
Midwest Pining &
•
:>; 12-27;12- 9
25c
y
50c
30c'•
(year-end)
Products
Clay
Pacolet
.
f
9
2
.v/t;/75c^;::42-20.v •: 12-'S
20Cf
1.2-15
12-29
<
11-25
■42-
2-
...
50c
t25c
"
50c
(s-a)___«
*
1
12-23
•y/4-i5 "*
common_^^4ij,^"^50cy: ,112-31^ 12-20
(year-end)
(year-end)y_2__
Method Laundry,
;
■■11-
25c
2
.12- 8
z 11-29
.4$2l;V'.l-,2''i- 12-20
.;
(quar.)._L__y
J$5- convertible preferred (quar.)
Noranda Mines, Ltd.- (interim
....
Co.
12-15
11-25
1
4$l'/4
;
(year-end
(year-end)
Telegraph
Packer Advertising Corp.
>V60c.?/ 12-%tb
New Haven
-v.;•
—
Oil Corp., $2
Paper Co./
New
2
Atlantic
12-15 -t
;
450c
Ltd.,
Co.,
2-
t55c->.„12-17/y 12- 9
_
1
convertible preferred
$iya
Midland Steel Products Co... com. (year-end).,.. .
%;;v $2
6% preferred (auar.)_J___
50c
$2 non-cum. dividend shares (year-end)__
,»•
$2
Midvale Co., new common (initial)_____
xQ
45c
Midwest Oil Company (s-a)—.
Midland
pref.
12-
1-
.
Sugar Plantation
<fe
7
1
16«/4C
:4SiA33A-i- 12-29'.12-16;,V;
12-18
v
J40CT
-
5'4%
New
.
50c
12-
415c
Packard Motor Car Co.
A-t/T'h; 50c.- ;'/l- 2-V 12-15
450c . "••1-15 ,.7 12-31
prior preferredy_.'y"> t$3%""--12-29 y l2-16
6%
Co.,
t
'
•M
(year-end)
Car
12- 1*I
12- 2
11-25
12-15
r.•_;
'(quar.)
:
12-20
-1-15
icLi;-.^12?4e^-.12-23 !/12-.5'.f
Extra
I
$1'4
t$2%
,
/:
7
2
•20c.,:;i:.32?i5"f>:j;i2-:iy^•
(quar.)
Co.
Class B
•
;
11-25
2-
New England Fire Insurance Co. (quar4;2^^A^-.13c
/,1- 2 *?-■ 12-15 I
.•NeW'^'EnglatMi Public' Service. ■ Co»-rr
A;/
y;/"
'*:f
$6 prior lien preferred-!,
Ji- .. .";t75c"- 12-15";" 11-29 |
$7 prior 4ien. preferred
t8?%c
12-15;^ 11-29
New England Telephone & .Telegraph.
742-31- .7/12-10.
-1
New Idea, Inc., (quar.) !
: >1: 45c'/. 42-20 7.1.42- 51* ;
12-23
12-29 J
12-20
12-15
y
12- 9 :
;:$3'4.*. V.T2-15."--12- l,..v
Nazareth Cement Co.; 1% pref erred (s-a)
4.2^c;x 12-45 .,..12- 1 -v
Negus Mines, Ltd. •.irregular)
i__$ 1.31 lA•'•
■ 1 -•■■ 1 J/.
12-15 y
Nehi Corp., $5.25 1st pref. (quar.)—
/15c .1 - 1 a .'.12- 8j~_
y Common: (quar.)/ _J.
;y :4( 400,^12-23^ 42- 8
Extra i
1—:
l
.25c-:::J2Tl5.i,,41-30y»
Nelsner Brothers .(quar.)_
25c
12-15 >
11-30 1
Extra
_L
(
I
12-29
3 40c
430c
Power
(quar;)____
:
' (resumed)
Pacific South'n
(quar.)__:-^_—
Corp. (quar.)
Neptune Meter Co., class A
3-20
12-10
ll-lT"''> '"'Pan
American Petrol & Transport Co. (year-» '
' ' end)
j
Co.
Nekoosa-Edwards
12-20
V
12-20 '
25c' )
.(year-end).
V
10c
/12-15
12-20
20c
11-29
_'ri:<"•.:: 120c ''Tl2-22
(quar.)
<
12-12
^v/
Middle Weet Corp. /_
Steel
Supply
Natomas
12-22
15c
preferred A (quan);:y_,_;t_____^_.__S:Xi
6'4 r/a preferred C (quar.)
.
National Tru*t Co.; Ltd; (Toronto).
12- 1
/
12-15
ioc
.,,v>xuuo
^
National Tea Co.,
12-15
,i
11-29
2
1-
V'/; 5c.
-M5c-/'f--
National Transit Co. (year-end.).
12-15
11-29
12-15
Pacific Coast Aggregates,
of Calif.,' common;'..:'
Ovl* 2 ^12-10
...25c 412-15 .-, 11-29
... 50c
12-15 ; 11-29
-_-,.^;-,,;.50c ,
2- 1 ^ .1-17
1-17•_•'•
%c-> ■:** 2-..1. !•
11-20
(year_end)____ ,/lK< 50c
12-15
prior preferred
5VipA
<12-15
12-15
4$1 V«
Pacific Finance Corp.
ri,y
_
___!
National
(year-end• ? ,7' 25c 7 12-17-7
Michigan Associated fTelephone„Cpfc.w1
?. < 12-15
£% preferred (ouar.)
_________
.. .$1 '4 ;1-..2
12-15
Michigan Public Service Co.,. 7 ^ pref. (quar )
$134
1- 1' 12-15
6% preferred
(quar.)
' < h $1 '4: ' 1- 1 • "12-15
?$lVa
I 1-1'
6%
series of 1940 preferred (quar.)_____ v ■»'
1- 1- 12-15
$6 junior preferred (quar.)
' ' $1»4
l.li'jkelberry's Food Products Co,—
12-20
60c1-2
$2.40 preferied (quar,)___
•?f} ',**■Mid^City Bank & -Trust Co. (Philadelphia)"; r;:
M,idco Oil Corp.
Extra
National
1- 2
Miami Copper Co.
■
Pacific
&
$1.50
Grocers,
National Standard
12- 1
-
!;j$5 preferred
/• $1 ..•■ i':lr-", 2:, j; 12-24
I:«.4 v/i,, y- (3-24
iy^jtSOc y > 1- 2 y 12rl0
preferred A (quar.)
'$1^ .yy.2-,2^.: >:1-16
preferred B (quar.)
' $1 '4; J.y 2-.-2u. ■.'/1-16•'»;
National Malleable & Steel Casting (yr.-end)
75c :,12-27c
12-13* >
National Oil Products Co. Cyear-endl—^i^J/y^yivfiOcl/x^li-lT;^.12-10.'X
National Screw. & Mfg. Co.
;.50cr:.;;i2-i7^y.l2- 5, >
.1- 2
18%C
43 %c
12-20
6l!o
preferred -(quar.) ——
—$1(4'
Metal & Thermit Corp;,' 7%. pref. (quar.)—. y
$l?/4 +: 12-22
12-22 ( 12-12
12-16
Mesta /Machine Co.-'___^__^/."'""75cv.'-..
1- 2
12- 2
Metropolitan. Edison Co., $6 preferred (quar.) e
$1 '4 ;; 1- 1; 12- 2
($6. prior: preferred .(quar.)
Sl,1^..... .1- 1;. 12- 2
$7 preferred
(quar.)_
—
— y.
$134
1- 1 •• 12- 2
$7 prior'preferred (quar.).
:• $1% ,... 1-1 ^
,
Pacific
7%
12-31
12-12
12- 8 ;
f
v
12-15
accrued
Rend)••■'
12-10
12-15
12-12
1-
1940.
preferred .(quarijtz^ ?;•;T'./Extra'
__^^;yy:;i'y'X:(y4bc/^i2^2QV^12»10: K' Parftffihe- COn4pahie^;(^»amon
National Gypsum Co. (year-end
National Lead Co., - common. (quar.)
I2%c5 ; >
4% preferred (quar.)
National
12-12
4-
Miners
Extra/,—,y<y.n
'>
12" 8
National Poldlng Box Co. (quar.) •
50c j> -12;-I8r
12- 8
National Funding,Corp., class A (quar4;^^^yi135cy;^lZi20t^^"'it(V;35c ,■• 12;20".yy 12- 8
Class
12- 1
12- 1
,
Bank, (Albany) (quar.) * - ; $5 J"
Transport'n (yr.-end)$1
Merchants National Bank (Dallas), (extra);
30c
Merck & Co., Inc., common
^
25c i
■
Gas
12-
;/'i-'i"
Merchants & Farmers
Merchants-&
Cylinder
Corp...
,
National Dairy Products
12-10
12-31
Heat
/y
1
Securities Col
Paauhau
,y
12-16
'
$1 Vz
■%;
___
Container
National
12-31»
June
Owens-Illinois Glass
11-14
___«.
National Bank (Chicago) —___*•■•;>■
Mercantile National Bank & Trust Co. (St.
Mercantile
;(quar.)_;
1
12-15
15,
preferred
12-15
$l'/4
Ll
preferred (quar.)^
$3
1
>1- 2
5%
12-31
12-31
1
Overseas
-12-15.
(quar.)
(quar.t__—
Lines
8
12-26
and
'common., (quar.)
=
1-15-42..
12-15
12-
12-26
-y1..
dividends
Light,
12-15
75c
12-22
Co.
•
Ottawa
11-29
12-31
$1%
$5.50 conv. 1st preferred
15
12-15
$2
(quar.)_
(quar.)
;
Sl'/a
(quar.)
quarterly
...
12-
3n-
2
11-29
y
9
35c
50c
^
A
Class
•
National
3-
1-
55c:;
..40c
12-15
$1%
y
City
5
;1-
■
12-4
$1'4
(quar.)__
(quar.)
preferred' (quar.)_____
Extra
r\i 12-10 /1.
2-^1
12-
Ottawa Electric Railway,(quar.)
(quar.i____
Extra
12-31
.1-
i
1-15;
12-18."
12-10
12-23
(year end)___
Co., common
Otis Steel Co.,
12-10
12-
12-20
Co.___
Building
March
12-19
:
;<,_;.t43c
National
,
(quar./__
Ltd., common
National Chemical •& Mfg. Co.
12- 2
12-
6%
12-31;.
12-31, y
12-15
(quar.).
Debenture
&
Otis Elevator
;
1-15
.
5
$1
(quar.)
common
Loan
Orpheum
V
12-18
12-2Z
40c
11-29
12-
12-10
.
1
20c
(quar.)
participating preferred
7%
Ontario
1-15
-
.
/,'• 30c •
V:', 50c /
(quar.) ;;..o
pref.
conv.
12-15
,
v
dividend
Stock
12-11
12-15
3c
:
Corp.
National Casualty
12-15
12-15
i
?! 12-10
12-15:
12-
' Year-end
i;
12-15
.
4J « *
Melchers
Mengel Co., common
__i__
'
12-15
1
430c
. .. 430c
.-75c
■.
$1%
_...._35c ..
Co. ,:(quar.)
&
Johnson
Mead
1 75c
12-22
ry^'Maci
C
12-27 "
12-20,
$1.31 >/»
(quar.)
1.-■"
McLouth Steel Corp (year-end). ___
._
McManus Petroleums; Ltd., com,, (annual).^;
•Participating preferred (s-rf.)
—
$2
Corp.,
Ltd.,
Oneida,
y
preferred
8% pref.
6Vo
Inc.,
Omnibus
11-19* T
12-27,
12-15
(quar.),
$5.50 conv. prior preferred
Omar,
11-29
12 '4 c',
l?-29
.:• t$6'/4-; *12-18"; 12-12 -r
12-20
:
.1- ,2
V
$l'/4
y__
(irregular)
preferred (quar.)
7%
12-10
1-15.
12-23
25c
(initial)
Inc., common
& Robbins,
preferred
fiW*
__i
$2:20
National Breweries;
$3 preferred
/:
t
,y
12-1
pref.
1
12-15
<
6%
11-28
25c
$1'4
43 %c
(quar.)__
Oklahoma Natural Gas, common
■':»
9
12-15
..;•.$ 1'4
fiscal year__
Quarterly
5*
& Elec.,
Represents
(year-end)_i..
National Boulevard Bank of Chicago (quar.)^
12
12-
(s-a)
Gas
,
Share
<te
Bond
Ltd.
preferred
12-20
11-
(year-end) __
common
Oilstocks,
T'/o
2
Tube,
preference .(quar.)_____^
prior
Oklahoma
-...•n-ievy- 12- 9
.
preferred (quar.)_____
$1.75
*j
11-20
12-
Co.
of Ree,
Pay'ble
50c
Seamless
Ohio
/
50c
Biscuit Co., common
National
National
6%
V,
,
12-13
•••;
'.12-15
30c
50c
Detroit. (5-a)_____—
Bank-of
Battery Co.,
12-20 I
12-12
Mclntyre Porcupine
McKesson
; 12-23
•
Fibres, .Inc.
Automotive
12-
McGraw-Hill Publishing Co.
McKenxie
.12-15
i5c
50c
J-_,
j.__-
National
12
« .' 25c a 12-23
(year-end>^____
15c
12-23
Mines, Ltd., extra______;
$$1.11-1-2-42
12-15
Red Lake Gold Mines, Ltd. (quar.)
,V 43c
■
preferred
1st
;
12-
■12-29
$1'4
$■> '4-,.
i
National Aviation Corp,
.
$$11/2
(quar.4 25c
(quar.) —
McCrory Stores Corp.
'/J 12-19
,
/..
company's new.
in
12-15
12-24
25c
.
(quar.)____;
75c
/—
Mfg. Co., 1st pref.
Nashua
32-15
30c
12-15;
Extra ' '_v—
30c
12-15
Maui Agricultural Co. (irregular)- 12-20
McColl-Frontenac Oil Co.,
Ltd., 6% pref.
•
Co.
div;
Nash-Kelvinator Corp.
r
12-30
4" 35c -12-15
Mathieson Alkali Works, 7% pref. (quar. )__.*/
$1% . 12-24
Common.; (quar.);
... 37'4c
12-24
Navigation
12-1
(quar.)
(quar.)
Myers' (F. E.) & Bros. Co;,
1
First
Extra
Extra.':*4.!/
preferred
8,</o
12-15
Fund, Inc.
>s45c /:■ 12-15
Masco Screw Products (year-end)
■•/■■")-)- 20c
12-18
Massachusetts'Investors Second Fund (irregj/r/j/• 14c
12-23
Massachusetts Plate Glass Ins. Co, (s-a)
r . 50c
1- 2
Master Electric Co.
—:_
60c 4:12-20
Mastic Asphalt Corp. .(quar,)
—;}
10c ■ 12-15
}
12-31
12-15
Share
•-
Ohio Oil Company, common__________™_
V
4
1-
1-1^42
$1'4
t$5
(qu.)
2
12-
$1%
$1J4
.
I-:'.
pref.
6%
Mutual Systems, Inc.,. common
12-20
Maryland
Matsou
12- 4
'
12-31"
ISlVav
preference (quar.)_—;
Marven's, Ltd., 6%
12-
2
(St. Louis) (quar.).
of Am.,
Co.
4
2
1-
.£
Bank & Trust Co.
4
1-
pref.__
T/o
4
12-
.1- 2
$l'/4
(s-a)__
12-
'4 c
.
Inc.
12-15
15c- 12-19
$1'4
12-31;
SiVa
12-31
•' $1'M»
,12-22
____
'
Mills,
Vernon-Woodberry
'
12-15
25c - 1-10
10c
1- 2v
.
(30c
-12-19
- $3'4
12-15
: ' SIVi..
1- 1
;
$3-)., 12-26 4 25c
12-31
20c
12-27.
Co:
Mountain
11-28
12-19
50c
,—
(quar.)
,' v
y
$l3/4
6%. pref. (quar.)!_
(year-cnd)___c__
City Copper Co.
Producers Corp.
Mountain
>
;
(quar.)
Acceptances Co.,
Motors
'
11-28
.
Margay Oil Corp.
Finance Corp.
Motor
11-29
12-
Co.. (quar./
Goods
Dry
& Co. (irregular)
Morrell (John) & Co. (extra)
P.)
(J.
Morgan
12-
R.)
Moore -(W«-
t
11-29
$l3/4
12-26
Malartic Gold Fields,' Ltd. (inteiim)—
45c
12-22
Mangel Stores Corp.,'common
: •
50c '12-23
>5 preierred (quar.)
t$lV*. 12-15.
Manischewitz (B.) & Co., T/o pref. (quar.)
$134
1- 2
Mansfield Theatre Co., Ltd., 7% pfd. (ac> ,
cumulated!
——4
________—4$1% - 12-30.
Manufacturers Trust Co. (N. Y.)
(quar.)—
50c
1- 2
$2 conv.. preferred (quar.)
;
50c
1-15
Mapes Consolidated Mfg. Co. (quar.)___
50c
1- 2
Extra
4
,—SI
12-24
Marchant Calculating Machine Co. (quar.)__
37'4c
12-19
—
T/o
1
11-25
(payable. XJ. S. funds)
(payable U. S. funds)
pref. A (quar.)
pref. B (quar.)
T/e
!
11-29
preferred (quar.)
7%
455'4 c
; 466
;,|i Extra
12-15
12-I6
V.4$l'/4
preferred (accumulated)
Moore Corp-., Ltd., common ,(quar.)
r;'."
Name of Company
Ohio Match
Storage,. Ltd.—
&
$3
5
12-
Refrigeration
Montreal
!
12-15
12-26
15c
i
i-
—
12-
12-22
12-22
12-15
12-15
12-26
—•'*/■;'-
Magnin
Extra
.
12-23
",'y
;.y,.j. y ;;
of Pec.
Holdert
When
Per
Holdert
When
Pay'ble
Share
Name of Company
of Jtec.
12-15
12-15
12-15
12-15
.
Steel, 1%
Magma Copper
,
1- 2
1-2-42
12-16
Vic
48c
13c
t$ 1 */*
y; 25c
(quar.)
Magazine Repeating
s
40c
$3
25c
—-
____________
Mines, Ltd.
MacKinnon
So
1°
1-2-42
12-15
I2"1®
'.Per
Holdert
When
Pay'ble
.
Company 6'4,%
.:
Lykcns Valley RR. & Coal Co. (s-a)-„
Lynchburg & Abington Telegraph Co. (s-a)
Lyon Metal Products, Inc.
M. J. & M. & M Consolidated (semi-annual)
Macassa
Per
Share
of Company
pref. (quar.)
•/• $l®a
■'_;_4___4~-~--4--4»/-44;4Z.'.;yz: 25c
Lunkenheimer
Lusk
:
Name
i'
Saturday, December 13, 1941
FINANCIAL CHRONICLE
THE COMMERCIAL &
1486
>
Volume 154
Number 4019'
THE COMMERCIAL & FINANCIAL
CHRONICLE
Per
.
V
Name
of Company
.When
■■
Share
Pay'ble
1
Proprietary Mines (irregular)
:
Prosperity Co:, 5 %- preferred (quar.»____
Providence-Washington Ins. Co. (R. "I.
8C
^ 12-30
$l'/4
12-15
25c
,
.,
Cashable
..
stock
X___
Special
•>
,
Public
>
:
•
' X
Service
Public
Co.
of
New
preferred
:
$5
Public
Service
Elec.
&
Gas,
,.•,.//">7 7%%prfeferred i
■'V
Publication
.xV'/o.
$5
■
' 1
<
first
preferred
Pure
Oil
&%;
(quar.)
:
r
;
Oats
Rand's,
.
•'
v
V :
*
>
W
-
Co., common
Inc.,
(quar.)
.common
Loan
1
'
pref.
Co.
11-14
tvu
"1-2
72-20:
$iy4
12-19
11-28
$1%
12-10
11-28
Steel
Remington
Rand,
Co.
12-11
«0c
12-24
12-11.
?.flepubiic Investors
••••-. it
-
w
Fund,
12-24
?
45c
12-15 ~
11-28
J.2c
12-15
12* 1
12-15
12-
5i
Solar
12-
5
Sonoco
12*10
prior preference A
'
>
12-26
12-15
11*30
,11«29
12-15
11-21
20c
12-15
11-21
60c
12-24
12-13
2.
20c
12-20 7
12-15
12-23 :
12-10
12-15 %
$l'/8
12-10
..
12-10
2
:50C
v
2-1-42
1-15-42
2-1-42
1*15-42
G'/o
..
Roan
•;
1-
25c
-
12-
1
12-10
& 1* 1
12-10
12-15
12-1
50c
12-15
12-6
12-22
12- «
12-30
12-15
25c
12-16
12-
.
gZZj—
6%
$174
12-16
$3
1- 1
tS3
12-15
..
14c
12-17
t37»/2c
10c
12-15
—
-1
&y2"'y&
lst
prrfT(quar.)';
Coiumon' (quar.)
Roeser &
25C
12-15
1-
1
25c
1-
1
t$4
(year-end)
'Rome Cable
Inc.,
West
(quar.)__„,
tj 8%
;
5
.
'•
12-
T
12-
T
7'
12-
12- "1
"I2--5
12*19
12-26
Co.
(011^,1^,.,^,.,..
.
(year-end)—.
preferred (s-a>_._^
'
.72- .8
■i" 12-
Pipe
2^.e
12-15
IOC
12-23
125c'
1-15
6%
preferred
(accumulated)
it.-8%
preferred
(accumulated)
,..8t. Joins Bank Bidg.
t$lV2
Bt.
'
•
,t
Louis Bridge,
.3(5.
2nd
6%
1st pref.
preferred
'
(s-a),
pref.
''"'1
5%
convi
&
Gas
-
Co.,
Common
-Sabln
;
Trust Co.
preferred
common
(quar.)._>
•
Co.
Ltd..
$5-
12-23
(Dallas)
.
?
12-1R
20c
1-20
20c
12-16
$1%
Remedial Loan
Francisco
Assn.
(year-end)
'Bavannalt <te Atlanta RR., 5% pref.
Savage Arms Corp.
Savannah
^
Electric
$1V4
Power
iV
(initial)
12-15
12-15
$1
12-15
$174
12-22
.
82
-■
'debentures-'>43
—Common (year-end)
Schiff
..
*;
'•
Co., common
■
^
V 572 %.-preferred
-
-
x—.'
''
ioil;
Africa,
Products
Oil
Co.
11-29
"
12-
Scovill
12-10
2
12-10
2
12-30;"
Seaboard
T*oe
Co.
Co.
(year-end)
Oil of Delaware
(quat.)—1_:_—
11-19
12-15
11-29
1-15.
208
5
15C
12-15
12-
5
50c
V'
50c
;'■■■-
;
12-15 7
12-10
12-15
11-2.9
12-15
11-29
12-15
S.)
Co,,
'
20C
12-15
?
1
$l'/8
•
f
1-20*
-.1.
,
SI
50c
$1"
25c
:
i
2-1
(1-20*
12- 1
12-15
12-
50c
12-26
12-15*
$1
12-151:
$1
12-17
11-24
$10
12-17
11-24
15c
12-27
12-10*
50c
12-29
12-22
75c
12*15
12-
$174',
12-20
12-
$l3A
•12-15
12-
1
75c
12-15
12-
8
$174
12-
1
20c
_______
Steel
1
5
12-22
12-27
1-
1
12-
8
2
12-10
20c
12-15
11-25
35c
12-15
11-25
$174
12-20
12-10
(quar.)_____
;
-
$3
12-15
75c
12-15
t$l
1-2
12-13,
12-20
12-13
12-22;
12-10
•
(quar.)X*X_
Forging Corp.
1-
$178
(quar.)_:
12-
1
12-
I,'
/ *
.•
"
^-iX-
v.": 75c
•
r
6272c
$l3/4
.
12-
12-15
12-
1
$l7a
12-15
12-
5
$1%
12-15
12-
5.
1
$3
,
1
12-15
1- 2
12-15
12-"23
12-15
12-24
12-10
25c
12-15
12-
_____
25c
v12-15
Carbon
75c
;
,
12-15
sl2-l
12-8
$4
12-31
12-20
12-15
Xfl- 2
12 -
1-
$i72
$174
Series (UPS
common
$172
50c
United
•
?
5i
___________________________
.'
Aircraft
Corp.
Extra
12-22
A/United
12-31
./•:
12-20
12-10
i.
7%
.
United
:
t20c
2-20
.
712-20
12-10.
12-22
12-12
25c
12-15;
11-15
40c
12-15
11-15
25C
12-15
11*15;
1
25c
12-15
11-15
25c
12-15
12-1
25c
12-15
12- 1
12-15
11-15
12-15
11-15
3772C
>12-15
11-29
6272c
>12-15
11-29
50c
:
—d.
•"
$1-
$174
1-15.
:
$5
/
12- 5
,
$1
' -12-15
11-26.
317tc
2-16
2- 2
75c
12-30
12-17
tm
12-31
12-J5
1-2
12-20
115c
;;
XX: U
175c
eoc
(quar.tiv,-————
second pref.(year-end)
75c
.
•
12-10
12-15
12-10
$1
$174
United
12-15?
•
■
i
12-1
12-15
(resumed)
50C
■:
?
$1%
25c
:—
convertible
Mining
Sundstrand
Sun
preferred
(quar.)
-
12-30
12-15
,25c
12-15
11-25
12-29;
25c
(accumulated)
.
■;
Engineering & Foundry Co.
Fuel
Investments
A
common
(reauced)
(quar,)____
Merchants
v.t.c.
$1
& Mfrs.,
(irreg.).
United
Public
Service
•United Public Utilities
$3
Inc.
"
U.
'
1-1
25c
1-15
_■—-i— -:
S. Gauge Co.,
7%
U.
/
preferred
''•
Superior Oil Col (California) .'(-resumed)
•Superior Oil Co."(Delaware)/ .(irregular)__—
Supersilk Hosiery Mills, Ltd:, ,5% pref. (.s-a)
'.
-
Sussex
Trust ;Co;
(Del.)
;
50c
5c
Extra
1$27*
40c
(s-a)—
Sutherland;' Paper. Cqi .;(quar;) __i______.
12-10
l"i-2A
Swen-Fipob
12-
Swift
&
Co.
on
Corp.;7com.''(year-end)——
(quar.) "■ i_'_—
12-20:1
12-10
12-12
,
1- 2
12-31
■'
Co.
7%
XX
Co.
(quar.)
U.
S.
Petroleum
United
12-
12-22
12-
1
$1%
12-20
12-
5
tm
12-20
12-
5
25c
4,
:
8
12-24
12-
$1
12-23
12-12
175c
1-2-42
12-20
$1%
12-20
12-
15C
12-23
11-28
$174
'•12-23
11-28
5
50c
1-2-42
12-15.
72C
12-20
11-29
$2
12-29
12-
9
12-20
12-
6;
;
$2 7a
1-10-42
12-20
$17a
12-30
12-20,
$4.60
12-17
Co.,
common
U.
v:
States
Pipe
&
Foundry
Co.
12-15
50c
12*20
S.
iyear-end).
Year-end
U.
(quar.)
■United
7 %
non-cum.
Steel &
Wire
Co., Inc.
12-20
30c
12-15
12-
40c
12-24
12-12
75c
12-24
12-12
50c
12-31
12-
8
12-24
12-
8
$l3/4
X- 2
12-
8
1-
2
12-10
12-24
12-13
2c
12-
5
12-
5
11-29
50c
12-20
11-29
'
50c
1
t$2
12-19
12-
5
$17a
12-22
12-15*
$1
1-15
$1
United Stores Corp., $6 preferredUnited Stove Co. (quar.)
XXX;X*_X_wXl
12-24
54c
433/4
12-10
$5
Sugar
12-31
12-10
12-15
11-24
12-15
11-24
25c
12-16
12-1
U.
12-
Upper Michigan
...
$5
pref.
(quar.)
$5
nr°f.'
(quar.)
.Universal
Products
"■
Co.> Inc,
(year-end)
S. Truck Lines. Inc., of Pel.
Pr.
&
Lt.
Co.
12-15
pf.
(qu.)
12-
1
12*15
12-
1
12-
9
10c
12-15
12-
9
t«7
12-26
12-12
12-20
12-10
,
12"20
$174
1-15-42
$1%
4-15-42
$1l/4
60c
(vear-end >__
6%
12-22
11-19
; 12-15
10c
(quar.)
12-16
1-15
12-20
c
Corp,—-x^f 'XAx
preferred
12-16
10c
5c
United
12-16
12-15
12-
$1
(quar.)
1
12-31
12-15
877aC
■>
1-
50c
$17a
•
■:
1
$17a
•.
•
Co., com. (year-end)
preferred (quar.) x__X*__..-'
Extra
12-20
12-15
v.
States Tobacco
United
2
12-15
common
•
1-
1-2
12-20
com.
—XriX'X__XX-*X__;_-XxX
S. Steel Corporation,
5
$2 7a
$1%
50c
:
Smelting, Refining & Mining Co.,
t
12- T
■■■12'
;,C 2c
(quar.)
Potash
Common
U.
(n;
;
12-
$4
United States Rubber Co., 8% non-cumulative
1st preferred (quar.)
—X_„____X
,
11-29
12-15
:•
States Playing Card
(quar.)_____
Co., common—
preferred *quar.*X*'XX-X-_X-XXX;
S.
6%
•
.
12-15
t$l3/4
(quar.)__
12-10
15C
t$l7a
t$17a
(quar.)
•
•United
-
12-12
2
12-
12-27
125c
12-19
•',
S. Leather Co., 7% prior preference__
United States Loan Society (Phila.) (s-a)
5c
1
:: 12-15
t$47a
12-15
—___
IXXXXXXXXX—
(quarJ XXxXXX'XX-'X-/;
preferred
20c
1-
i/
12*.
12-15
(irregular)______—;
Guarantee
-30c
30c
1
1-2-42
'
U.
12-15
12-27
12-10
.12-30
(s-a)
common
'
12-10-
"
12-
50c
Corp. (annual)______
Corp., $2.75 preferred
Year-end
:
U. S. Gypsum Co., common
,•
12-13-
3
12-15
12-15
1-2-42
:(s-a)7_XX-X*-*Xx—7
S. Gi-aphite
United States
|
11-22.
1-
12-10
$2
16c
"
if.. 77/ preferred
12-23
12-13
12-13
12*13
X
'
preferred :XX-_XX—XXX.—
Savings Bank (Detroit) (s-a)
«
12-20
.
53 c
,v
United Paperboaxd Co.,Inc.,6% hon-cum.
ifXr preferred (irregular) U/-X.-'---*XX_V
12-12
50c
12-22
■X
/
.
11-21
t$33A
12-20
5873c
Mines
11*21
—
12-20
,-:7
(quar.)____,
fffd. (quar.)
Improvement,
1-1
-
12-20
30c
'
(yr.-end) "L
;
preference
12-19
12-22
41C
21C
$1
;
Elastic,.'Ckwp;:.:(irregular)XXXX*X7
12-19
—A—,!-,
-
12- 8
12-13
5.
Common
5
J27ac
68 %c
;
(quar.)
12-
12-20
2
'...United New Jersey RR. & Canal Co.
(quar.)
.United Pacific Insur'ance Co,
(auar.)
•
Machine Tool, (year-end)
Canada
11-29
11* 8
1
12-15
10%
Co.; (irregular)
Life Assurance Co.: of
12-24
12-
18c
5
12-5
12-15
12-31r
12-13
12-
Gold
United
•
t$2
12-
12-20
25c
"United Illuminating Co* (year-end)
12-10:
.12-15
12-15
12-
Gold Equities of Canada, Ltd.
(s-a)
prior:preferred (monthly).
prior preferred (monthly)
prior preferred (monthly) -__*XX-X
'6%
,
12-20
,
60c
i
2
'
12-15
5
•
28c
12-15
,6.36','/
*
*
5
12-15
preferred
United
12-31:
12-15
.
1
5
12-
I'4. 12-20
'United
.
1212-
7.5c
class
7%
nm
2
12-15
30c
United Gas
12- 8
3-16
1-
12-15
$174
XX_
United Gas & Electric Corp., 7%
1-30
1-2
,$17B
pref.id.
(quar.)___!__:
,
Dyewood, 1 % preferred (quar,)._rX__
•United
6%
10c
6
A-xX___X;
Co
preferred
"United
/
12-10
(inV
6
12-
5%
Chemicals, Inc^v $3 pref. (year-end)
United Corp., -Ltd., class B (initial) X_____
' United
;
.1-15''
12-10
6
12-
12-15
(quar.)_X--_-7
':__2_X_—X-XXxX*—;
Xi'";
United Carbon
%
12-13
12-20
12-
12-15
10c
20c
^
(year-end >
,.
,
2
:i-p-
12-10
12-24
i
.
12-15
13*20
11-20
2
25c
".•'• 62 72c
Vniteti Aircraft Products, Inc. (qjiar.)
'United
Artists .Theatre -Circuit,
Inc.^
..pref. -(quar.)
2
12-20
$174
-
•
5(
12-15.
$172
(quar.)
UCSB..____w_____.
Union Wire Rope (quar,)
1
2
12-15
1-
1
12-
12-18
' 15c.
.
'iX_(-XX___——_:_.X__^—
UCSA
■»Series
•■:
12-24
2-
•
10c
If
12-10,;
1-1
95c
$2.50 preferred
Series
11-29
12-15
(year-end)
com
,120c
.
Union .Trusteed Funds, Inc.—
•/:
I '
• Seriqs;, UBBl'—i__*-*_-:____—.
*;x."
iXiX .Series'
UBC'/,X-_--.--*--'-_XX__'Xl,*X_X:'
v *:
12-20
•
$1.40
Stores,
12-18:
(Irregular) X
Corp.
Food
11-24
2
12-
x___*iX-
Premier
1-
12-15
)/
12-20
$174
50c
:
Co.
12-20 :
50c
$174
■/
United-Carr" Fastener Corp.
(s-a) _|.„_iji
common
Paper
&
75c
'
Corp; (quar.)_______
Co.. (year-end 1
,
1-13?
$172
$1%
1
-
St.
,
(Mass.)
1—
377/C
v
Fisher
Manufacturing
&
(quar.)
(year-end l_
Salle
Elliott
Carbide
Union
5
.
(quar;)
Ltd.
preferred
(quar.)
___'
Union Pacific RR, (quar;) iWiix_____Xw-Xv
12-15
stock dividend, on common
Cash dividend.. Oh fcomnion
12-15
1
10 c
$6 preferred
5
12-15
$2
-
3 2-23
12-15
1
6
_
cer-
(quar.)
(yjjar-jend)^--^—
Superheater, Co,: (year-.eudi
(Common^
11-29
2-1
1212-
"
Co_
La
Extra
12-16
10c
-• 67e'%• 'prefei-red'
(quar.).
Strouss-Hirshberg-: iquar.)
.'Sunshine
12- 2*
12-15
12-15
;
Corp.___
Union Gas Co. of Canada, Ltd.
(quar.)
Union Investnient .Co., common
(year-end)
7.6% preferred iquar.)
Union Metal Mfg. Co., common
(quar.)____j
,
15c
1- 2
_i_2
Stores,
non-cumulative
•572 %.
i
11-28*
12-29
(s*a)X_xXxX~-.Century Fox Film Corp.—
Bag
Union
$iy2
.—
12-10,'
12-19
11-28*
12-15
50c;
;
Corp: (quar.)X'X-----------
convertible
South
Union
;•
12-31
12-
$172
(quar,)
Jersey
$1;50
Underwood
1-31
.
12-15
•
:
Bros., Ltd.; (quar.)y
conV. prefeiiedi(q<iar.) :K"H
6%.
d'i 57/
12-10
2
2
12-15
2
50c
,
common
Williams
Twin Coach
12-20
20c
1-15
;
Stock diyidend >i----i---^--*------^—--i.;7Sunray •pil',CbvP'^f7.i'#--"i^;f -\J, *4",i.. ^'r;
'
1-
1-
ioc
Tunnel RR. of St. Louis
12-20 ;
12-20
"•;
_i;,A"ii_-t.d,li_-.,_l
common
preferred ..fquar.)
Sun Oil Company
1-
1
1
'
:V
Twentielh
1212-
'
.
,
r-%
Manufacturing
'Fcrenton
2-20
2-20
,
•?'
'
—
5
2*
•...
1
11-29
v
5
.—————
2-2
1-15
(irreg.)
Corp., $1
Stromberg-Carlson Tel, Mfg.,
12.-
preferred (quar.)
$4 preferred (nuar.V
!
Troy.& Greenbush RR. -Assoc: • (s-a)
Tr.uax-Traer Coal, 6% preferred (quar.)____
57r%
preferred
(quar.)i________________
2-20
3-2
35c
;'fSterling Aluminum- Products • (year-end)
Stone fc Websteiv Inc.
•(year-eiid)
Btrawbridge .& Clothier,' -7%
preferred
12-12
12-10
$4.50
12-12
2
$$172
40C
5%
%42-J2i'
-
&
9
12-20
50c
(year-end)
;-"(year-endi7*XXxX-*_x
Trico Products
"
;
1
I(qimr.)—-
Co. (Ohio)
12-10
12 -
'
ISii
6 %; first .preferred
12-15
•
Tranche
;
7
5
1-
12-10
12-29
•
50 c
Tokheim' Oil .Tank :& Pump
(year-end)'*—:
Toronto Genial 'Trusts Corp.
12-12.
12-15
t$l
(quarj
of'New
12-10-
12-15
j.
•
$1%.
(quar.)_d
(qdaT^-_i_i_-ri_^_-i_--__
of Kentucky
Sterchi Brothers
32-15
'!•?
8
3-
627aC
'Stedman
5
.1-
(quar.,)'^-----^^--^™
.
"12-
$174
•.
$l5/«
('dUflr.V^-Il-;jJiyf;^-^^:''Vj
1'
8
(quar.)
"
1
Starrett; (L.
Bchla«e Lock Co.- (quar.)
12»4c
8,chwitvier-Cummins Co. - (irregular50c
'
12-
I- 2
'
(year-end)
Btecher-Traung Lithograph Corp.—
£.% preferred 3quaf.),:
Scott Paper Co..
m..*
12-18
12-22
-
15c
12- «*
$1%
(quar.)__,-_-_---_----ri..25c
Extra.
5%
-12-12
:
12-15
12-15
75c
shares)__XX
preferred'(quar.)
Unexcelled
:
paid
12-20
1-
'1- 2
debentures D
(quarJ.r.r«___--..-_'Schenley Distillers Corp., 572% pref. (quar.)i C
'*
12-15
w
;-i-.2
$2
,
South
of
Coated
:Incv '■ (quarj.
Stanley Works,
12-20
■
(sub.
Timken-Detroit Axle Co. (year-end)
Todd Shipyards Cofp. """(year-end)-
Standard Wholesale Phosphate & Acid
Wrks,.
Co,—>
..V
-
1
$7
debentures- A (quar.),,—[.
,^.;''77>debentfWes B<
•
''
1-
75c
(qujr,)
-j-iV 8.7-1
•
-i*, 2
•
(quar.)
]■{■ < Special, on common, (yeanrend)
:
tfe^preferred (quar.h,
5
,1-
Trust
$1.40 convertible preferred
.
12-
2
25 c
$$1
'X
common
Roofing Co.,
2-
12-20
'
•
—
&
;
2-16
——
Standard
12-. J
1-1':
12-22
7}'57/.' preferred (q ua r—-T'Salt Lake & Utah
■'"'■J 17non-cumulative 'preferred.(year-end)i2;
Can
5 X
20c
:
conv/-pref.
oommon
preferred
-Standard
12- 8*
12-23,.
pnc
12-21
r.'
5
12-
common
ui.l_d.r_:
Extra
y;
12-23 ':K 12-15
12-22
v
12-
12-15
;
377ac
^
6%.
.'-Standard Oil of Indiana
12-15
/
12-23
,
12-22
5c
•;:
,
1-2
12-23
50c
r
—r
$4.50
Tilo
•'
Fruit*& dS.teamship, Cp.rp« .$% participaimg preferred'
1
J!
Standard Oil of California (quar.)
(Mo.7, common—
i,'%
Robbins Paper Co.,
1%
12-31
12-15
30C
v
-
•
>
(resumed)
;
12-15
37%c.
1-15
(34%C. ';;7ri%t5:;
EJec., 57A pref.
preferred ■ (qUar.)
Bank
Standard
12-lfi)
1-J 5
tm
..
;; St. Louis Union
''
A- (Qua rt.erlv) %
9
Standard
5.
12-15 % 12-
.
$3
Vfr" '
,
V(resumed),
9
12-
■
-
.
*
12-20
a5 sh.
12-10
,12-22'
17:5c
12%c
-
(s-a)
St. Louis Rocky Mountain & Pacific. $5
..
'
-i
Corp—^
Shovel Co.,
12-12
12-12
t60c
■
of
prop,
interest
(year-end)
Land
(year-end)_____________
&
2
2
pref.
$3
-
-
—
& Equipment
Oil
1-
1-
12-20
10c
X 7';<X preferred (quar.)■>;XX—--------XwO'
Thompson Products; common (irregular)
;;> 5%. convertible preferred (quar.
Tide Water Associated Oil," com. (year-end)
•
5
,12-
1-15
,,
37 72C
„
'
75c
110c
(extra)_*____*
Thew
12-20
J',:,
i
Springfield G-as & Elec. Co., $7 pref.
Springfield Safe Deposit & Trust Co.
(quaf.). —
$4.50
1- 2
.
12-22
t$l
120c
■
_
25c
12-22;
$iy*
7-25c - 7:1- 2
(Interim).
Spartan -Mills. («-«).'
Spencer Ti»sk Fund l(quar.)_l
Standard
,
12-30
12-30-
50c
12-22 ;
.
11-21
______
________
Oil Co.
12-31
12-10
'5C
$17*'
Standard Brands, common
12-10
;t
Corp.,
12-10
50c
__
{
4
12-
V
1- 2
11-21
12-15
$1
162 72C
Banking' Co, (quar.) •
Thermoid Co.; $3 preferred iquar.)
»12-
.
10c
3T72C
Lines
preferred .(qUaf.)
Standard
12-10
-
$3
vcjass* A cqnv..
"j. r:
<preferred, (accumulated)
^47> class A con.v. preferred (accum.)
..Bt. Lawrence Paper Mills Co.,
<
;
12-20
"12-15
,
.
12-26 f;, 12-10 A
12-15
11-29
37VaC
Petroleum
10c
20c
Certificates
•
Staley (A. E.V Manufacturing, com.
$5 preferred (quarterly) ilid
7'it preferred (semi-annual),.
-
"
Mfg.
'
7:12-20
'$174
»
12-20
$V/4
_____
1-15
>
$174
—
3-10
12-15
•1:20c
Consolidated
"Textile
(quar.)^
Squibb ,<E." R,* tr Sons- ici—c',1
12-10
*
12-15
t$l%
Ruud
Texon
12-10*
-$174
-«
-■-
tificates -(annual)
•
12-10
-
36C;
■;
Ryan
12-10*
12-22
'
12-lOrv
25C
-
,6t. Croix Paper Co., G%
12-19
12-22
>'»:
quar;)'v
Power
Penn.
iSghareAD Co.;
v
12-20
12-20
Russell Industries;: Lid;, common (quar.)^^i. /
V\%vf% preferred (qusr.)_;ji^_—
h
""'-.Russell Manufacturing Co. (year-end)
•
12-31
'
&
Texas Pacific Land
$172
$174
(guar.)
__-____x____Zr"_'x_;
Texas Pacific Coarl
•
12-20
37'/2c
•
Extra
'
$172
25c ?:
(s-a)i.-
Sovereign Investors ' (qvtar.)___'
Sovereign Uife Assurance Co., 25%
••
12-17
3-31
!
37V2C
(yoar-end:
12-19
$$1^.
Southwestern Light'& Power, $6
pref.iquar.)
Southwestern Portland Cement Co.
(quar.)_
-
Co.
12-19
12-31
$lVa
12-11:-.
*
VRuberoid
Canada
Southwestern
6
-12-
12-29
15c
'Roosevelt Field, "inc. ^year-end»
Roper :(Oeo. D.) Corp; (quaf.)_l7__--,"_i'r_i:_:
'
1
Southwestern Life-Ins.
12-4
;
12-19
15c
--------
Brothers,
11-14
12-26
'
Southwest.Service, ctfs; (irregular)« i_;,r„_-_
Southwestern Associated Telephone, $6 pref.
'
Roos
12-18
12-15,
12-15
11-21
v"
$1
1-
12-15
;-V;
Texas Gulf Sulphur .(flbar.'
25c
12-19
12-27
12-15
_____—
,"$174
12-31
12-27
"
60c
A
12-12
California'Edjson' Co., Ltd.—'
'
'
12-15
Jtiyd
Pendleton
,;■* Additional
12-10
(year-end)
Southwest.Ice & Dairy Products, ctfs. (irreg.)
6
12-
1-1
—
(quar.)
Rollins Hosiery Mills, conv. pref.
•11-15
12-20
12- 6
*
12-17
$1.60
Share,- $3 1st preferred
$6 conv. pref,:' (initial)
Transportation
1
[$10 par]
&
Co.;
&
12-15
2-
12-15
7:1" (quar.).Xx—;Xr-*.-X-7
,—-—fx :
Terminal Warehouses, Ltd.', capital
X_X-iTexas Company (quar.)
6.
$1
Southland Royalty Oil Co.
12-27 a 12-17
25c
;
'
12-
12-15
•
1,,____;
Southern Colorado Power Co.; Tin preferred
Southern New England Telephone .-Co.
Southern Phosphate Corp.
(year-end)
12-20:
12-27
5c
Robertson (E. H.I Co.
Fdephone,
Street Corp.
12-20
Bond
Coal
12-15
12-30
1
.
preferred;B'(quar.)
South
'
Rochester
Salle
Telephone
Terminal
12-30
25c
683/4c
______
(G.), Ltd., common
preferred'. (guar.)'
5%-
Temple
120
<
Sparks-Withington,
...Extra-',,
;
A
6
8
in 4%
8
50c
10c
,
11-22
12-22
1—--
pref.
12-
12-
12-20
:
_
f
1272C
"6'%;partfci preferred (quar.)
,
.
v
12-15
12-15
•t$l% f
!
(quar.)
f- Original pref erred;
iquar.) * i-
(Amer. shares)
preferred—
V Roberts Public Markets (quar.)
iconv.
Co.,
%572preferred
?
$fya
vt-^Eobbins & Myers,
6
(quar,)'X—;
Taylor Milling Corp. ;(year-end) ________XXW
Teck*Hughes Gold Mines, Ltd. (quar.) _l__r,
Tecumseh Products
__i
.
$1%
common,——
—--ui-,
6
12-
12-15
.
'
preferred
,12-
30c
5
62V2c
(s-a)L-i——
Antelope Copper Mines
La
Southern-
12-10
12-22
•
% 10%
J
Mills—
12-15
12-15
.
5%-ypreferred
Southeastern, Grpyhound' - Lines, Inc., com."
:X <.quar:)*'--,CA--%'-----;'r_r_„__.,,^_'l.__ ;
:1;
• 6 %
non'-euimrpTefy'/qu&r.)- y
•
preferred
50c
i
.
(quar.)
12-31
12-20
$iya
•
'*
'
12-15
•
preferred. stock),
.
'
Riverside & Dah River Cotton
'4\ i
12-31
conupon
Bouth Porta-Ricq Sugar," common
•'
.
:——.—.
Ritter Dental Manufacturing,
-57o preferred (quar.),,—
1
Products^ wmmdr^rlyear-wid)
Southern
1-
i5c
/;%:
(quar.)-_____^
12-15
315c'
•
preierred (/quar/)
South
157/.
l—
.
Aiicraft
5%
12-5
■fU 2
-■
3c
(final I
'Richardson''-. Co..
10-31
1- 2
50C
dividend (payable
Tamblyn
12-15
7:- 1-15
-
ff.
5
130c
12-19
•»-
Mills, pref.
Paper
12-
12-30
12-30
627aC
Inc.
Stock
•
-
50c
25c
10c
participating 'preferred
Talon,
12-8
„
t$l%
:
Mfg.;CP.
Richfield Oil Corp..J,r»_
Richs Inc„> 6V'2% preferred
12-19
25c
Bouth Pefur .Oil C0. 3quar.j -J
12-20
20c
"25C--
-
;!t
—
6UC
$1.80
(interim)
r
South' Bend'La the Works(extra)
1
.
12-15
siy2
v——
12-20
J5c
South Carolina Fewer, $6 1st pref. (quar.)
12-17.
>
•
■■
12-18
i-
-$3"-
(quar.)___
(quae.)
Corp., Ltd., ordinary
;? 127aC
Sonotonacor^.
12-lfi
.
2
1-
«
12-18
2
Extra
11-20
1-2-42
;.-
$l34r.
6%,-'preferreds'(quard-i-^-;f-----i------------
Rheem
;
f,
1
2
;
Paolcing ;Gofp.i.-J_LL..^z
Snyder Tool-fc Engineering -(jquar^-
-
—
1-
11-
$174
_________
of Rec.
12-27
___
r___X——
Holders
Payable
17c
:
(James), Inc.
When
Share
(quar.) '■
[■:/;Extra", 7^-,
5%7/
12-
Snider
-
Y.)
30c
k;'
-
•
preferred
Taicott
11-25
112-
1AExtra.'.'u.'-^-lX
12-12'
-
(Howard)
11-25
12-22
;
Steel & Iron, common
preferred. (quar.i^.J,,,,,
$6
...
25c
—..
Rhokana
12-10
:
.
'
Taggart Corp., $2.50 pref.,(quar.)
12-18
12-22
(quar.);^^*-,^^^**^:; 77
Sloss-Sheffield
12-10
•••'
2
;'l5c:
«vSeries -A. shares
-
1
1
2-
i$i5/«
A, (quar.
6%
■
1-
if-. ■.
11-28
'1
1'
10c
A.(quar.)
:
Rayoxj Corp./
2-28
30c
(N.
1-
20c
prior pieferred (quar.)
67f preferred,; class "A
$i,/2
t$3»/4
ftnierirtitx
12-15
12-15
v,V
5 7/
SnaprOn; Tools Corp.
t$l
'>
Additional on; common
'Republic Steel Corp., common,.
»,H"«
•'V
1
\Z~'
Co.
Skenandoa
11-28
12-15
1-
5
12-19
Intr^ 6%* preferred '
,jA
.
,
12-
preferred. B t <quar.)xX**-*---X-XXw ;
.^RepublicPetroleum. Co,r <
,* * *
:• *,-■? ♦
'r
12-
1- z
12-24
•L 6%
:«
:
12-15
87 MjC
•'
i:
Trust
22c
2oc
if
pref.(quar.)
Simplex Paper.Corp.;(irregular)
Siscoe Gold Mihes, l.Ld.
Sivyer Steel Castings vyear-end)
Skeiiy OU Company. 4,irreg.) 1
Smith
<s-aJ_XXX"
common
.
:
common-
iquar.);
•
A (quar.)
Extra : *X--
57/
.
.»
ciass
Name of Company
Class
■•;
I ;11-29*
12-15
XX $3
'•
'
A -(quar.)r
Co.. (year-end)
Simonds Saw & Steel
Co.-(year-end):
*l"/t preterred
1-
'
(s-a)
■
3
-$2ya
|
12-15
,
5c
(year-end i_
&
12-19
11-29
43%c.'
,,
•;
pref.
(Canada), Tfo
(interim) '
12-
(s-a)_.__i^v--
Inc.,
Bank
(quar.)
Ltd.
12-16
•
| v. $4.50 preferred (quar.R_*_____XX--n--~
Rensselaer
pref.
Signal Royalties, " class
•
12-24
$1/.
Corp/'X-XXXXXXXX^X
(year-end)'XX
2
•12-15
A
75c
^imon (H.( & Sona/ Ltdp
150c
(quar.)
(111.)
Mines,
ff
Extra
'
; Class B'
12-15
f€5c
•
Co., ..7%
Signal Oil & Gas Co.,
1-15
—...
;•. Reliance
'
Sigma
11-14
50c:
X ' tRemington Arms Co.,'.common
)' 6% preferred (.s-a»
!
•
Sherwin-Williams
11-14
12-15
$114'*
•ft s7 %-r preferred-1 quar.) x
•-
11-14 '
50c
12-10,
non-
;;Shell Union Oil Co. [year-end)
Sherritt-Gordon
Mines ,(interim)
'
(quar.V (accumulated t __X-
Reliance Mfg.
G^'c
.
11-28.,
;
%
Shattiuck(Denh Mining,
12-15
12-10.
12-24
3772c,
SerriCk Corp.;,:.class A. (quar.)
12-19
:i -'$1V2
__
—
V
i.
11-29
i
:
'
( Class B presumed)____
Shamrock Gil ■& Gas Corp., 6%
'.» 6to; conv.
pref.- (s-a)
■
12-24
"
Sylvanite Gold Mines, Ltd. (quar.)_,____
Tacony-Paimyra Bridge, common (quar.)
'
Inci;
Engineering
'•
of Rec.
12-20
20c
(quar.)
•'
(irregular)
.12-15
75C
:_____
of Canada
Co.
pref.
$2
25c
,
•
30c
(quar.)
._x
Reliance Insurance Co.
•'
11-29'
12-15
V
i
-
,A"
■
12-15
$i%"
$1%
Reed-Prentice" Corp:* 7%
preferred (quar.) '
Reliance Grain Co., Ltd., 67a%
pref.(accum.)
■
12-20
16%* preferred (quar.)
12-15
•
10c
7XXXX
XX,
Raybestos-Manhattan, Inc. (year-end)
87>/2C
,12-15
Raymond. Concrete-Pile Co. (year-end)
12-22
25C
Ravohier, Inc., $2 preferred (quar.) _lXXX ) ;■
1- 2
50c
Reading Co., Second preferred' (quar.i.__—
50c'
1- 8
Real Estate
''
-
12-24
12-15
._
'
,
$134
•
.
■
Quaker State Oil Refining Corp. (year-end)
^'.. Irregular vX-X^X.h
LXXL
Quebec Gold Mining. Corp., Ltd. (interim)
.
12-20
!__X
(quar.)~__
6%' pref.
Co.,
6%, preferred
/•,
11-28.
2
'
convertible; preferred tquar-»
Manufacturing Co. (year-end
Quaker
•
11-28.
1-
50C
.
Pyrene
cumui.
Pay'ble
20c
Simmons
,
X7
12-15
$l'/4
Is
pref,,-(quar.)
- •* •
.
,
7o. preferred (quar.)
Holding.: Corp.,-,.Ltd.,
Security
•
l
Corp.—
Original -preferred (quar.)
Pullman, Inc. (quarterly) "X__X
.
1
12-15
-
-Common voting (quar.)__
1
^ Common. non-voting (quar.)
,
12-10
12-24
8V2c
$i'/4
5%-pref.
(quar.)* XX__xX-—XX_XX._XXXX-';
7
12-30
6
Per
"
Securities
8V2C
$1V2
.
__
t
preferre./
(quaf.)___:.
IXaXXXX—
P-ublic Service .Co.'of Oklahoma,
'
,
5
■!.
1487
Holderi
..When
Share
•
Shattucx: (Frank G.)i Co.
Xquar.)
___
z.
(monthly) _X«_r_
„
(monthly )X_XX"X_X-X~
':/';/% •€%:« preferre
•
12-
Service
4b%„
..
12-'
5.; I
Hampshire—
(auar.»„_
(quar.)
.
5
12-31
50c
Corp. of New Jersey-—- *, y.r
-Common (recuced) ?X--preferred
(quar.)X_i
XXXX-",'.7%
preferred '■ (quar.)XxX-Xx—XX
;
,
37 Vic
(quar.)
-
;
;»
____
____X
i';*. $6 .preferred
85 '.preferred
>-"."I'-V.Name of Company
Seattle First National Bank "
(extra)
Securities Acceptance Corp.-, common
12-
Seeman Brothers,
25c
.---•
:Public National Bank & Tr. of N. Y.
of Rec.
12-23
5c
Per
12-16
12-23
i
; 40c
;
Prudential Investors.-Inc._____
'.ui,X Prudential Personam,, Finance Corp. (Bait.)—
Class A (qu$.r.1__X
X—'>_
:
Public Investing Co
"(Phila.), orig. stock__
Holderi
12-10
1-2-42*
4-2-42*
7-0_4<>4
12-22
12-12
75c
12-1.5
12-
$17a
1-2-42
1
12-29
:
Saturday, December ,13, 1941
fit1.!.
FINANCIAL CHRONICLE
THE COMMERCIAL &
1488
share
of Company
Name
■
8% preferred.™
'
—
——
•Upressit Metal Cap Corp.,
Upson-Walton Co. (quar,)
Year-end
;
(quar.)
Oil Refining Co.
Utah
:
/:
______
Light $7 preferred
preferred
i_—;
Utah Power &
'
$6
Utilities Equity Corp.,
,
(quar.)__
$4 preferred
Vanadium Corp.
Dorni Iron Works
Van
(year-end)
(year-end)
Tool
Co.,
—
—
6% preferred$6 pref. (quar.)
//'
,
.
;
Wayne Pump Co.
Welch Grape Juice,
1
1-
2
12-
1-
2
12-21
12-31
12-19
50c
12-22
12-15
2
12-22
1-
12-
12-15
West Penn Electric,
(year-end)_—___
(quar.)— U
5
12-10
preferred
472 7c
12-15
$1%
12-15
12-
J10C
12-30
12-10
West Virginia Pulp & Paper___
45c
12-27
12-17
Western
t50c
12-15
West
1
Texas
5
1
60c
$1
12-15
12-1
30c
12-20
12-
5
t$l
12-18
12-
8
$iy2
12-20
11-28
;
covers
1922,
30,
25c
12-24
$l3/4
12-24
(year-end)
12-11
7%
t$iv»
12-31
12-19
Westmoreland Coal Co.
$3'/a
12-20
12-10,
Westmoreland, Inc.
$1 Va
3-20
3-10
Weston
$1%-
1-20
1-10
Westvaco
$1%
4-20
$1
12-15
50c
12-20
4-10
12-
8
80c
12-18
25c
12-20
12-10
40c
12-20
11-20
$1V#
12-15
11-15
12-
12-20
t$l
:12-15
11-21
$25c
12-15
11-21
$107 per
issue
and
at
New
York.
has
the option of
agreed: to make application to ; list, these
on
in the business of manu¬
pharmaceutical preparations, important medicinal chemi¬
cals and biologies, and widely used vitamin products.
It is a leader
in the manufacture of germicides, hypnotics and arsenical preparations,
and is now one of the largest producers of such chemicals.
7/77'
i."
These include both standCompany manufactures some 1,200 items.
and
pharmaceuticals included
in the U. S.
Pharmacopoeia and
National Formulary, and also a great many pharmaceutical specialties
of its own manufacture.
Among the latter are Metaphen, a powerful
facturing fine
Picrate Oint¬
germicide used in surgery and general practice; Butesin
ment,
an
ointment combining antiseptic and anesthetic properties;
Metaphedrine and other Ephedrine
products, and other
items
widely used and prescribed by the medical profession.. Some
of the company's products are produced under license or
important
assignment
agreements with others, providing for royalty payments.
Distribution of the company's products is effected largely
and retail drug trade.
Laboratories de Mexico
wholesale
Abbott
of
sidiaries
the
company,
are
and Abbott Laboratories, Ltd.,
engaged in the distribution of
sub¬
the
In
Company's executive offices and
Sheridan Rd., North Chicago,
main plant are located at 14th
111., where company owns, in
St.
fee,
the lien of current taxes, about 24 acres of land, of
which a tract of about nine acres is unimproved.
The buildings on
the improved portion of such tract consist of an administration build¬
ing, three stories high, of brick and reinforced concrete construction,
containing about 43.200 square feet of floor area; a laboratory build¬
ing, three stories high.%of brick and reinforced concrete construction,
containing approximately 44.000 square feet of floor area, including
an auditorium
which is an integral part thereof; a manufacturing and
finishing building of brick and reinforced concrete construction, con¬
only to
subject
taining
ing
build¬
115,200 square feet of
sizes, mostlv of rein¬
concrete construction, containing approximately 119,300 square
floor area, used for manufacturing, storage and other corporate
about
now
floor
144,600 square feet
of floor area; another similar
under construction will contain about
and 22 other buildings, of various
area;
forced
feet of
purposes.
Capitalization Giving Effect
r.
-
.
1
'
to This Financing
-
Authorized Outstanding
* ~
30.000
11,000,000
$755,204
"The articles of amendment to the articles of incorporation authorize
50,000 preferred shares ($100 par), issuable from time to time in one
cumulative preferred
Common shares
(no par)
4%
stock ($100 par)____
$1'
12-23
;
12-
12- 5
1- 2
12-15
2
12-12
12-23
12- 8
12-19
12-5
1- 2
12-12
$1V«
12-15
11-21
.' Monthly
$1
12-27
12-15
$1
12-27
12-15
$l3/4
1-1-42
12-15
50c
12-17
12-10
t50c
12-20
12-10
1
12-13
20c
12-19
11-28
$1
12-15
12-
1-
$134
7
the-date
thereof.
redemption
the
sales
profit from
expenses
income
Total
Income
.
for norm.
Prov.
for
taxes
inc. tax
excess
profits
™i/_____
7.
5
of
number
31
-
on
follows:';.
;
•
Underwriter—
A. G.
$3,212,552
" 119,131
$3,175,548
110,949
$2,546,985 $2,051,231
89,178 7/-, 92,418
$3,331,684
$3,286,498
$2,636,163
$2,143,649
98,428
98,828
147,944
154,703
F.
S.
.
$2,239,408
77 7 ;:
the several principal underwriters and
each has agreed to purchase are as
.7.
•
7, ' : •-
.,t-7
"
.
5
1- 2
11-26:
$5c
172
11-26
25c
1-2-42
12-20
25c
2-2-42
-20-42
25c
3-2-42
-20-42
25c
4-1-42
-20-42
12-20
1
1-
77
15c
1-2
12-
8
40c
12-19
12-
8
2
12-
9
50c
12-23
12-
9
25c
1-2
12-
9
50c
12-23
12-
9
2
12-
9
7
1-
1-
$1%
$1
12-18
12-10
75c
12-15
11-22
12-15
11-22
1-1-42
12-13
50c
12-15
11-29
50c
12-15
12-
5
15c
12-20
12-
8
25c
.7'
,
.
.
7; 77
,
Moseley & Co.
___T
'
.
.
77 ■' "
Shares
15.000
7.500
7,500
30. '41
Dec. 31, '40
$4, 193,722
$4,564,760
Sept
,
time deposits
Fixed
assets
766.478
856.612
2,548,963
296,777
4.583,248
(net),
588,503
545,742
182.561
3,031,404
467,896
518.223
Deferred charges
Cost of investment in
:
Intangibles
Total 7U
—
180,174
180,174
consolidated subsidiary__
v.
•
3
77777;7';-':3.
$18,640,802 $17,015,449
Liabilities-
,
payable
'Accounts payable
Accrued taxes
Z
125,519
"
and insurance
:
'
compensat'n to employees
Federal and foreign taxes on income (est.)____
4%% cumulative conv. pref. stock (par $100)—
Common stock (755,204 shares, no par)
Earned 'surplus
7/ 14.323
1.652,937
1.292.200
10,887,695
for additional
p.
44,627
3.570,488
,
45,776
953,000
1,292,200
10,887,695
2,929,005
$18,640,802 $17,015,449
;;
:-Total'.
-V.-154,
86,091
.
55,376
Accrued royalties
Reserve
$10,309
7 766,745
$64,000
978,263
Notes
1372./
Abitibl Powfcr
/
236,646
348,623
subs.
wholly-owned
to
.
565,739 [7
receivable (net)
advances
&
in
Invests,
Sale Of Assets
Ltd.
Paper Co.
&
-
-
t,.
//Justice W. E. Middleton of the Supreme Court of Ontario on Dec. 4
granted the application of the Montreal Trust Co. to sell without
reserve bid the assets and property of the company.
Justice Middleton
held that the Ontario Moratorium Act, which purported to prevent a
^
the
of
property until Dec. 31, 1942, was unconstitutional.
sale, has not been set. .// /
■//'/'■■:"/'/ '■/•/■
■-/*/'/
The date for the
-
Abitibi 5% bonds of 1953.
The
bondhilders' committee, holding more than 88%
of the bonds,
had instructed the trust company to seek the sale of the properties.
An earlier sale of the properties failed because the bid submitted
on
behalf of the bondholders was less than the reserve price set on
the properties. /:
v "Zi
//■"/■: '■ r/' / ■■ *
An
application of Gordon McMillan, on behalf of the liquidator,
for leave to
appeal from- the decision of Justice Middleton ordering
the "sale
of assets of the company will be heard by the court on
Dec.
,17/
7
.V"'/
* / ■-"/'
. /
G/T. Clarkson, receiver and manager of Abitibi Power & Paper Co.,
Ltd.,' has advised United States customers that the price of news¬
print for the second quarter of 1942 will be increased $3 a ton.—
is trustee for the
Montreal Trust Co.
// The
,
$2,048,093
Becker & Co., Inc.
Shields k Co.
12-
noc
Investments and other assets
$6,562,384
4,511,153
$7,703,032
5,156,047
of
which
.
12-5
12-15
5
7 t$P/4
(quar.)
(year-end)
hand, demand deposits &
Notes and accounts
7/ 1938 ':•/>.
7 1940 7/77' 1939
$8,645,084
5,469,535
names
shares
12-15
$17#,
$1%
Approved—
Years Ended Dec.
company's general treasury,
Underwriters—The
the
$17#
Inventories
'
154, pi 1257.
V.
the 30,000 shares of 4%
preferred stock to be outstanding will be $120^)00.
•,
the
12- (T
Marketable securities—at cost
Annual dividend requirements on
into
12-
12-15
Consolidated Balance Sheet
Assets—
-
Cash
Stated Periods
$1,814,900
™__™_
12-15
$1
MISCELLANEOUS
-
: :/■. '7/.... ':'7.;.:■
.
for
$1,648,326
cumulative
,<
1 r £ ;
Purpose—The estimated net proceeds ($3,015,878) are to be used as
follows:
/v.///.,. 7.,"" v.:" ■■-7 ' 7-'7: ' 7'7:"7^
7-^7. -•;//■:// 7/7:77
;
(a) $1,382,654 to redeem on a date not less than 60 nor more than 65
days after the delivery of- the shares now offered, at $107 per share,;
all of the outstanding shares of 4V2% cumulative convertible preferred
stock.
Accrued and unpaid dividends on - such shares to the date of
redemption will be paid from other funds of the company legally avail¬
able for the payment of dividends.- To the extent that shares of 4%%
cumulative convertible preferred stock may be converted into common
shares prior to such redemption date, funds deposited for redemption of*
shares of 4%%
cumulative convertible preferred stock so converted
will be returned to the company;
"7 :77 "■ 77*-'"77 ■"
: '7
(b) Approximately $400,000 to replace working capital heretofore or
hereafter expended by the company in connection with the construc¬
tion, at its plant in North Chicago, 111., of a manufacturing building,
and for additional equipment;
77,' 7.-7,. /■ 7/ 7 7 7.7
)
7
(c) The balance of such estimated net proceeds, together with funds
not used for the redemption of shares of 4%% cumulative convertible
preferred stock on account of the conversion of such shares, will go
income
Net
50c
9
tPayable in Canadian funds, tax deductible at the source.
Non-re«itax, effective April 30, 1941 increased from 5% to 15%.
Ke#ldent tax remains at 2%.
a Less British Income tax.
.
-
$3,233,255
$3,187,669
$2,488,219 $1,988,946
" 818,354
; 765,261, ;/•> 440,125
:: 340,620
;f -'77/ 7 7.-/77:77./., ,7.:,-• 7 '7:,;
"
600,000 77 183,000
taxes
before
Prov.
12-10
dent
$7,663,966
4,451,414
deductions
Income
Net
;
12-26
^Transfer books not closed for this dividend.
ton account of accumulated dividends.
,
sale
Other
12-15
10c
(quar.)
preferred
Youngstown Steel Door (irreg.)
Zion's Cooperative Mercan. Inst,
Zonite Products Corp. (resumed)
•
profit
Gross
12-31
_____
;•
for the redemption thereof.
outstanding if any '472% cumu¬
converted prior to the date fixed
9 Mos. End.
Gross
Mfg. Co. (quar.)
1
INSURANCE
-
^
Earnings
Operating
10c
25c
:
Extra
12-12
12-
r
(Rudolph)
.B'Uquar.):-.________
5Va%
12-12
2
12-19
77
preferred (qiiar.)
__7
Young (Thomas) Nurseries (quar.) (yr.-end)
Youngstown Sheet & Tube, com. (year-end)
fixed
XAdditional common shares may be
convertible preferred stock is
lative
for
1-
:
7%
directors.
upon
25C
and Investment News
INDUSTRIAL
expire
11-29
25C
771-72"
Special
Class
convertible
will
12-15
'(Del)—
i
Yellow Truck & Coach
Since issuance of the 20,000 shares of 4 72%
preferred stock, the initial series of preferred
shares, and as of Nov. 21, 1941, 7,078 shares have been surrendered and
converted into 14.843 common shares (no par).
The articles of amend¬
ment provide
that shares of 4 72% cumulative convertible preferred
stock purchased, redeemed or surrendered for conversion shall not be
reissued.
On Nov. 26, 1941, the company filed a statement with the
Secretary of State of Illinois setting forth a resolution of the board
of directors establishing such remaining 30,000 preferred shares as a
series designated as "4% cumulative preferred stock" and fixing the
dividend rate, &c.
No shares of 4% cumulative pref. stock are now
outstanding.
Company intends to call all its outstanding shares of
472% cum. convertible pref.. stock for redemption on a date not less
than 60 nor more than 65 days after the issuance of the 4%
cumu¬
lative preferred stock now offered and upon the redemption thereof
the only portion of the presently authorized preferred shares which
may be issued or outstanding will, be the 30,000 shares of 4%
cumu¬
lative preferred
stock.
127,136 common shares are reserved for the
conversion of shares of 4-Tj %. cumulative convertible preferred stock.
The right to convert shares of 472% cumulative convertible preferred
stock
11-29
$1.16%
t$37»
Co!-, 7% pref. (quar.)
Towne Manufacturing, common.^
Yale .&
series;
create an initial series of 20,000 of the preferred
designated as "4 72% cumulative convertible preferred stock,"
and establish the dividend rate, &c., for such initial series and provide,
among other things, that the remaining 30,000 preferred shai-es may
be divided into
series with such varying dividend rates as may be
by
II-29
12-15
—
;
Wurlitzer
more
cumulative
12-15
Monthly
/
shares,
adopted
11-29
$1 ■:
$1%
i.
Monthly
v
•
Machine, $4 conv. pref.
12-15
12- 9
$1V4
:/ii
11-29
^
$172
.
...
Co.
Wrigley
v
9/
12-15
1-
12-20
■X.$ri/s
12-15
,-'7, Monthly.,
:
.
.—
through the
the company in Mexico and Canada, respectively.
addition to its distribution activities, Abbott Laboratories, Ltd., manu¬
factures. in Canada, certain of the products of the company.
In 1937
the company caused the following foreign subsidiaries to be organized:
Abbott Laboratories de Cuba, a Cuban corporation; Abbott Laboratories
(England), Ltd., a British corporation; Abbott Laboratories do Brazil,
S.
A.,
a
Brazilian corporation, and Abbott Laboratories, Argentina,
S. R. Ltda, organized under Argentine laws.
In 1938 the company caused Abbott Laboratories International Co.,
a
Delaware corporation, to be organized to facilitate the distribution
of
certain of the company's products
in certain foreign countries.
In 1940 the company incorporated a foreign subsidiary, Abbott Laboraties
South Africa
(Proprietary), Ltd., a South African corporation;
and, in 1941, a foreign subsidiary, Abbott Laboratories (N. Z.), Ltd., a
New Zealand corporation.
Such subsidiaries engage in the distribution
of the company's products in the countries of their incorporation and,
in certain instances,
in contiguous or other countries.
In addition,
Abbott Laboratories
(England), Ltd., manufactures, in England, cer¬
tain of the products of the company.
It is intended that the subsidi¬
aries cf the company continue the respective activities in which they
are
presently engaged.
Company's business has been stimulated by the war in Europe and
the national defense program in the United States.
12-23
37 VaC
___________
(quar.)—_—_^.__™__
-
$1
____
Co.,
sept. 30, '41
and
1-10
12-10
45C
(year-end)
______
7,-7;7>/'7/7
of
products
11-21
1-15
12-15
25c
(Wm.i
PUBLIC UTILITY
stock is redeemable, at
the New York Stock Exchange.
Business—Company is presently engaged
j
lo
lc
$200
Co., 7% preferred (quar.)
Wilcox-Gay Corp. (year-end)
:
Willcox & Gibbs Sewing Machine (year-end)
in
7 Listing—Company
shares
//
$lVa
(year-end)
Motor Co.
Whitman
12-18
12-28
_____
$5 prior pref. (quar.)
(year-end)
White Sewing
whole or in part, at any time on 60 days' notice
share, plus dividends.
Dividends cumulative from date of
payable Q-J,
Transfer agent: Guaranty Trust Co. of
Registrar: Bankers Trust Co., New York.
company,
12-15
■
,
preferred (quar.)
White
1
t75c
Share—
cumulative preferred
4%
The
' {fx'- $1
(year-end)
Products
Chlorine
Common
7%
Laboratories—Preferred Stock Offered—Pub¬
lic offering was made Dec. 11 by A. G. Becker & Co.,
Inc., F. S. Moseley & Co. and Shields & Co. of 30,000
shares of 4%
cumulative preferred stock ($100 par)
the
12- 5
(George), Ltd. (quar.)
Whitaker Paper Co.
Abbott
a
12-15
-
(quar.)
Wheeling Steel Corp.,
or
$104
t$4 Va
participating preferred (year-end)
General Corporation
at
12-5
■
__________
Weyenberg Shoe Mfg.
1
:/12-/1/
12-
-
12-31
t$lVa /: 12-15
& Mfg. Co.-—
Westinghouse Electric
12-15
12-19
RAILROAD
I" 2
$ 1V4
,_/.
12-31"
12-29
Worthington Pump
Machinery Corp.,
•7,4 72 %■:prior: preferred (quar.)
—
472 % conv. prior preferred (quar.)
Wright-Hargreaves Mines, Ltd.—________i_.
.
12-22
$1
-
(quar.)
Co.
12-31,
1-2
$lVa
-
__
.•
(monthly)
/•
1*
12-
* "
,
1-15
6c
Extra
■
12-15
12-31
(quar.)
—Z____:.™__—,_/
preferred
(quar.)—______
(S. D.) Co. (year-end)
'
$1.50 preferred A
Westgate Greenland Oil
2-14
1
June
i™__™
50c
Warren
ended
Ry. Co., com. (s-a)
75c
& Worts, Ltd.—
3-
Worcester Salt
'7
_
Telegraph Co. (year-end)
Western Union
4-18-42
7-18-42
12-15
12-15
t$7
$6 preferred B
1-17-42
5-1-42
8-1-42
12-15
1-
$17#
Steel, 7% preferred
Industries, Inc., (initial quar.)
Woodley Petroleum Co. (quar;)
.
2
12-20
6
1-15
(Alan)
Wood
I-16
12-
1-15
Wood. (Gar)
12- J5;,
12-27
Vac
2
1st preferred
year
Public Service,
Western
1-2
12-15
50c
(s-a)
preferred
57c
12-18
•
12-15
1-31
$172,' r:
'
$3 .12*22
/ 20C
,
"
12-12
12-19
.___
_
Western N. Y. & Penn.
*
12-10
30C
the
Payment
; 6%-. preferred,
V;-; -.Accumulated
",7%* preferred
1
Accumulated
Wiser Oil CO., common (quar.)"
12-23
2
1-31
'•
1-15
$lVa
(quar.)_
(quar.)
Co.,
Maryland RR., 7 %
Western
—
12-
pref.
$6
Exploration
Western Grocer Co.
•
.
12-15
12-24
-
/ $1 Ve
Coal & Coke (initial)
West Virginia
12-15
2-2-42
Utilities,
Common
,
Z:™;_'_.:_ _______
(quar.)
•
12?30
37 Vic
-
-i,
(Milwaukee', Wise.)* (s-a)__
West Side Bank
!
(quar.)
common
71--a
$l%-f
^ •
class A (quar.).^
506
12-
•.12-31
1 >/':
12-15
,12-
2
12-20
25c..,
'
V
.
■
1
12-20
:■
$$1%
.
•;
■
12-20
1
,12-31
v
..
(quar.)
preferred
7%
12-
1-
-
12-16
.12-15
11-
2-2
$1.1874
6%,.preferred (quar.)________^_______^.___
Wisconsin Gas & Elec.. 472% pref.- (quar.)
Wisconsin Investment Co. (irregular)
Wisconsin Mlchigan'Pbw., 4 Va % pfd. (quar.)
Wisconsin Bower
Bight Co.,'
11-21. >
.
/./■1-. 2/
20c
$1%
*,
$25c
t$172 i
;,Wisconsiri Electric Power, 4%% pfd. (quar.)
-
12-237
12-27
-i
>77$2
Corp.
Ba'nkshares
Wisconsin
12-19
"30c V 12-29
West Jersey &
,
\
•
lOC
•
of Rec.
■
■
,«WiU ,& Baumer .Candie Co., Inc., common
'f (year-end) -1:111
___Vv_"i'_™X_--V--_-'V
87o. preferred (quar.)
11-25
Wilsil, ,Ltd. (quar.),
12-15 ">
__1—:
______
Wilson i& CO., Inc., $6 preferred_l-_-r----J--'
12-10'
12-16
/,50c
./ *j«J5c; '."12-20
(Pittsburgh)...(year-end),.
Bank
End
2
v12-22
V 1- i"
$172
25c
Seashore RR Co. (s-a)
West Kootenay Power & Light Co., Ltd.r—:
12-15
$1
(irregular)____
common
West
1
1-
$172
Wellington Fund, Inc. (year-end)
Wesson Oil & Snowdrift Co.____
12-
12-15
25c
4
12-15
f$l
37 Vac
Common
$1
1
$lVa
37 Vic
common
Gooderham
(H.)
Walker
12-
1-15'
s.
$172
Knitting Mills, common (year-end/.J-',"
preferred (s-a)____Il__'____________"_ '
Wayne
6%
2
1-
37 %C
preferred
Vogt Mfg. Co., extra —
Vulcan Corp., $3 conv. prior pref, (quar.)__
$4.50 preferred
_____—___—_—
Vulcan Detinning Co., common (year-end) __
Common (irregular)
'
7%
preferred (quar.) —
_____—__
7%
preferred (quar.)—__——
Wabash-Harrison Corp. (year-end),.
.—_
Wagner Electric Corp. (quar.) —"
Waiajua Agricultural Co., Ltd. (year-end) __
Waldorf System, Inc. (quar.)
—
Walgreen Company, common (quar.)__
// 472 7c
preferred
(quar.)—:
Walker & Co., $2.50 class A
—
7%
11-29
$1%
'..Year-end
Vinco
Vlchek
11-29
12-15
$1%
(interim) _____
______
Victor Chemical Works—-;—
Victor Equipment Co., $1 conv. pref—;___—
Victor-Monaghan Co., 7% preferred (quar.)
Viking Pump Co., $2.40 preferred (quar.)—.
Corp. (irregular)
Virginia-Carolina Chemical,
Virginia Elec. & Pwr. Co.,
Virginian Railway Co.—
67?
preferred (quar.)
v
6%
preferred (quar.)
6%
preferred (quar.)
•■12-15
ioc
•
7 Payable
share
;
Vl- 2
V' 1-2,
-
'
$1"
/.
"/
pref. (quar.)_'_"
Washington Water Power $6
Waukesha Motor Co. (quar.)
10c
20c
Ltd.
Ventures,
12-10
1-15
$17a
;.i/',
Name of Company
v-
Holders
When*.
Per.1;.;
V.
of Rec.
Payable
share
'//V./,'/....
Name of Company
West Penn Power,
Dutch Bakers, Inc.
(year-end)
Veeder-Root, Inc.
12-10
12-20
75o
(quttf,):/^/;/^^
preferred
/■•/. $6.50
12-20
5c
"
"
Washington Irving Trust (Tarrytown, XT, Y,)
Extra
____'—_______™™™______™_
11-28
/,
.——
of America
Kamp's Holland
de
Van
(year-end)_______
Milk, common
Camp
20c
t$17a
Valspar Corp., $4 conv. preferred
Valve Bag Co.. 6% pref. (quar.)™™
Van
t$6
627aC
stock™
_™'
$5.50 priority
Payable
of Rec.
12-12
t$17a
—-rrV
5% prior pref. (quar.)__
Knitting Co.,
Utica
Holders
12-22
$i%
__
When
Holders
When;
Per
Per
Acme Steel
•
•
Co.—$1 Extra
Dividend—'//'•' ///z
extra dividend of $1 per share
30 to holders of record Dec. 16.
share were made from March
.12, 1941, to and including Dec. 12, 1941, as against 75 cents per share
in each quarter/from Dec. 12, -1939, to and including Dec., 12, 1940.
The previous extra distributipri, amounting to 25 cents per share, was
made on Dec. 12,1939/—V. 154, p. 650.
.
•
The
on
directors
the
on
common
Dec.
stock,
5
declared an
payable Dec.
Regular quarterly distributions of $1 per
-
,
Adams
Express
Co.—-No Decision Given—
//No decision was handed down Dec-. 5 in the court dispute between
a stockholders' group .and
the management.
The case, which involves
a
request of Jerome Ai Newman, a stockholder, for a list of stock¬
holders, ,4s, before- the Appellate Division of the New York Supreme
Court.. :
'
, ■
/"/•••.'/" "./ ; ./
The announced
intention of the stockholders' group in asking for
the list of other stockholders is to make an offer to purchase stock
v.
154,
p.
1372.
,
;•_■./
./:,
.
;
,
..
,
Aeronautical Securities, Inc.—20-Cent Dividend—
cents per share has been
'
declared on
the common stock, par $1, payable Dec. 29 to holders of record Dec
19
Quarterly distributions of 10 cents each were made on Jan. 16 and
April 16, last; none since."
•
.
Total payments during the year 1941 will amount to 40 cents per
share, the same as-.paid in 1940.—V. 152, p. 3484,
;//,'
.
A
semi-annual
dividend
of 20
^^olturh6454
Y
THE COMMERCIAL & FINANCIAL CHRONICLE
"NuTnber4019
'
Afetna Casualty: & Surety Co,—Changes in Personnel--
•
Johp R. Holmes, Manager of the* Springfield, Mass., office of this
companies, has been appointed Manager of
office fpr casualty and surety lines.
Mr.
YY,.Holmes succeeds the late Claude A, Bonner, who died on Oct. 6.
At the same time the appointment of Josepn W. Loftus as Manager
the companies' fire " department for the State of California was
,'announced.
YY "V
Y-Y
'.YY'Y
Y
V
-1. Under the new arrangements the Pacific marine
department, which
YY
Income
..company and affiliated
Aetna's San' Pranclspo
Through the proposed consolidation American Hard Rubber now has
opportunity to become the owner of 100% of the Pequanoc Rubber
stock which will represent the entire equity In that company, it
being contemplated that the $38,000 of its outstanding preferred stock
Will be redeemed prior to the consolidation. For many years American
Earnings of Company Only
Period End. Sept. 30—
.
;
from
income
Other
1941—3 Mos.—1940
$2,705,108
$2,152,866
188,286
14,648
subs-
1,013,981
41,968
$2^ 167,714
$10,926,762
$9,082,527
188,508
1,6061897
574,173
deductions
$2,313,403
$8,508,354
1,435,585
$1,979,206
1,450,017
$9,319,865
deduct-
5,749,268
5,823,824
$529,189' $3,570,597
$2,684,530
Expenses, incl.
taxes—
an
1941—12 Mos.—1940
$9,912,781
$9,040,559
$2,893,394
579j991
———
Y-i.—-Y—
Total
Co.
Hard Rubber has owned a
substantial stock interest in Pequanoc
Rubber Co., the 2,300 shares of its common stock now owned constitutlng 46% of the total outstanding. In view of relations between
the
companies,
such
as
American
Hard
Rubber
purchasing
*
also
Y
&
formerly under the general supervision of Manager Bonner
was
Int.
and
in. the direct eharge of Manager Kurt L. Daniels, will be under
V' full supervision and direction of Mr. Daniels.
.
:
All three appointments are effective Jan, 1, 1942.—V. 154, p. 1411.
:
/
.
Period End. Nov. 30—
Gross
income
1941—Month—1940
'
—
..•Profit
"Includes other income
i
charges, but
154, p. 1049.
ment
•
■V.
$312,300
$341,000
89,000
89,500
Y
——
Earned
30,
Reversal
Association-f-$3 Common Dividend—
declared
have
dividend
a
of
$3
per
share
1940—
of
for
12
—
inc.
Fed.
payable
Dec.
23
to
loss
investment
on
securities
tax for prior years
Co.- -November
Period Ended Nov. 30-
Sales
154, p. 535,
Sales
26%
1941—Month—'1940
-
$962,891
—
—V.
Earned
surplus, Sept. 30,
V
Higher—
$4,615,095
$763,600
sold-—.
chgd. to inc. by
and $6 pref. stock
Y
stock,
of
United
$31,896,242
Balance
Sheet,
of
per
$1.75
$3,376,052
of
50
cents
1940, and one of 37 !£
Total
1941,
distributions
holders
to
26
made
was
of
record
Oct.
on
one
15.
of
cents on Dec. 26, 1939.
common
stock will
amount
154,
$3.25
to
An
dividend
extra
of
40
of
cents
40
cents
share
per
have
share
per
the
and
in
the
on
including
1940.—V.
dividends of
June
of
payable
bution
Earned
1940,
29,
50
The
Civil
40' cents have
compared
as
been
also
w.th
30
made
cents
2
share has been declared
per
holders
to
this
on
,
.
23,288
~80~099
31,896,242
29,374,176
issue
of
on
record
Dec.
16.
30, last,
Sept.
the common
on
A
similar
compared
as
Far
and
2,597,061
1940;
lieu
in
of
A,
$7
478,995
shares;
$6
equivalent
scrip
25
p.
with
of
warrants
common
allotment
for
four
4.65
shares,
stock); capital stock
certificates, $480.—V.
Thus
the
45
show that its acquisition of Central American
"promote the public interest by enabling the steam¬
to use aircraft to public advantage in its steamship
must
stock,
common
Dec.
5.
This
no
stock
in
per
154,
share
p.
and
have
connections
no
in
Central
American Gas & Electric Co.
Operation
America,
Guatamela,
examiner's
that, Taca
report
the definition of
opinion
in
the
Panama
supported
case
The
.
opinion
called
attention
that
Federal
fact
the
the
to
pending application
of
American
ican
Export Airlines, its wholly-owned subsidiary,
tion
of
under the
Other
this
case
Gross
against the steamship company, ordering it to divest itself
of Its ownership, the airline could renew its request and receive
approval lor control of the Central American property.
Interest
the
The
Act.
board
indicated
that if
its
decision
in
decision
"is
not
to
be
construed
Other
been fully
satisfied," the opinion stated.—V.
26,829,059
4,986,702
4,626,353
1,068,186
1,053,468
12,729,224
12,001,915
571,292
610,501
taxes—
$1,891,930
income-
■
Period End. Sept. 30—
.
debt
is
it
revenues-—
inch taxes
Prop, retirement reserve
\
appropriations
——
Oper.
exps.,
154, p.
Net
revenues—
oper.
608,637
income—.
Operating
<,
income
Other
(net)
—
Income
Gross
'.Interest
$2,103,639 $26,765,741
16,118
8,876~977
9,451,878
Balance
——
divs.
Pref.
'
$3,718,091 $15,978,744 $15,240,043
to
21,190
Exch.
adjustment
on
capital (net)
150,534
?
Balance
—-
Portion
applicable
to
Y minority
interests—
••578,963
607,684
34,208
17,727
2,400,479
'Y
"Net
equity
American
.
r"
—_—; V
&
110,423
539,191
$2,975,369 $12,125,192 $11,467,546
Drl 17,916
Cr329,294
$3,509,120
$3,304,663 $12,146,666 $11,363,204
Cr21,474
,
Drl04,342
.
.110,172
97,670
$934,036
$905,978 $14,943,098 $13,436,419
1,057,905
772,784
12,053,105
$3,409,637
Other
income-——--
188,286
(as
Balance
and
Interest
other
——
incl.
Expenses,
to
"Of
deduct.-
American
$2,889,993
$4,240,419
the
stock
common
for
of
stock
$4
1941.
of
has,
Co.
$3
$6
a
will
be
declared,
share,
j
Income
Account
date,
Stated
is
it
making
'
For
and
share
a
this
and
to
of
a
,
Periods
Y/Y
Pequanoc Rubber Co.)
Calendar Years
1940
1939
1938
$10,548,407
$8,269,403
$6,844,832
$5,565,637
6,503,908
925,557
5,399,802
876,734
4,648.305
817,962
sales—
$839,937
$568,295
$167,634
income
$1,522,969
3,938
Dr64,242
29,072
Dr33.998
incomei——;
$1,526,908
$775,695
$597,368
$133,636
780,000
201,300
99,500
30,550
$746,908
$574,395
$497,868
$103,086
profit
for
on
Fed.
749,696
and
inc.
profits
excess
=•$123,869
■
$133,194
$2,889,993
tax—
Consolidated Balance Sheet, Nov. 5, 1941
(After giving effect to plan of consolidation)
Assets—
subs.
from
Notes
bonds
V
772,784
12,053,105
9,195,999
165,681
881,324
1,988,170
68,572
129,166
939,977
3,430
4,247
57,334
and
Taxes
$1,060,202
——
Value
1,548,558
74,182
--
14,848
and
Int.
Divs.
$978,283
on
other
deducts.
92,928
pref.
stock—
140,767
62,339
983,236
810,325
$1,142,733 $15,838,497 $16,237,003
97,163
1,134,434
1,242,574
140,767
1,689,209
11,763,297
$3,017,932
$3,020,831 $11,456,080 $10,610,301
insurance
Marketable
securities
Mortgages
receivable
stocks
in
policies
accounts
Deferred
charges
$1,273,497
1,556.471
;
—
—
1,961.689
—„—
147,926
2,800
——
44,400
of assoc.
receivables
Property
-o.Y
:v
and
cos.—not
consolidated.——
investments
10,756
_______
5,514,952
90,055
I
$10,609,644
"Liabilities—
Notes
payable to banks.——
payable and accrued liabilities
tRestated
$904,803 $13,014,854 $13,231,132
tion
of
This
accruals of
7%
$150,000
...—
Y
v',:.;YY>;:"': : Yy-
American
To
154,
proposed
$2.50
pursuant
to
a
plan
of
York
The
York, whereunder company, without change of name,
consolidated with the Pequanoc Rubber Corp., another New
corporation which is authorized to transact the same or similar
The plan of reorganization, has been unanimously adopted
business.
and
approved by directors of both corporations.
Boyer, President, in a letter Dec. 5 states:
—
1,956,100
—
(par $25)
5,
1941—
—_______
2,227.850
—„_
3,832,991
:
$10,609,644
$3
per
share has been declared
on
the
stock,
Dec. 22 to holders of record Dec. 12.
This compares with
share paid on Dec. 23. 1940, and Dec. 23, 1939, and $2 paid
22, 1937.—V. 151, p. 3548.
common
per
American Locker Co., Inc.—30-Cent Dividend—
act upon
reorganization under
Dec. 26 to
the laws of New
be
825.000
Pay $3 Dividend—
Dec.
on
Hard Rubber Co.—Merger Plan—
consolidation
stock
dividend of
payable
' Y,;
special meeting of stockholders will be held
stock
preferred
A
780,000
■
—
Total
credit, after being reduced by adjustments for undersubsidiary companies for the first 3 months of 1941,
currently absorbed at the rate of $42,000 per month.—V.
837.703
and excess profits taxes—
contingencies—
Surplus at Nov.
other
1257.
for
Common
31%.
tax
for Federal income
Reserve
comparative purposes.
"Deficit or loss.
income taxes, £s of this date, are fully
for
accrued on
During 1941 one subsidiary has been crediting in¬
taxes for tax reductions resulting from a non-recurring reduc¬
in taxable income due to the refinancing by that subsidiary in
basis
the
Reserve
$744,588
7,100
>
(less reserve for depreciation)
Total
for
stock—
common
,
A
41,968
'-YY'
reserve
Accounts
earned
Balance
.*Y
1,013,981
life
of
vY:
—_
receivable—less
—
Investments
$1,205,072 $16,821,733 $17,047,329
81,919
(net)_
exps.
Balance
;/
v'v'
balances
accounts
Non-current
Total
is being
$3,194,491 $12,048,996 $11,142,506
and
Inventories
&
,
income
■:•, ■-
Bank
and
Cash
54,165
on
income
$4,240,419
Gas &
1,057,905
p.
579,991
the
directors
$1.50
holders of
have
declared
non-cumulative
record Dec.
12.
class
A
dividend
a
A
like
stock,
amount
of
30
par
$5,
was
cents
per
payable
distributed
Y,
share
Dec.
on
23
Sept.
on
to
30,
which compares with 25 cents per share in preceding quarters.
Total payments on this issue will amount to $1.10 per share in
last,
'
1941,
:YY
YY ' ■■VY
Rubber Corp. has been organized by or on behalf of the
of a majority of the common stock of Pequanoc Rubber Co.,
as
against $1 in 1940.—V.
150,
p.
121.
Edwin S.
Pequanoc
owners
1,435,585
& Foreign
1,450,017
$1,570,814
Power Co., Inc.,
-5,749,268
$5,706,812
5,823,824
$4,786,477
in Income of subsidiaries
available in U. S. currency).
for
dis¬
8,207,475
Income
stocks
••■'■. 220,698
$3,209,339 $13,062,977 $11,184,474
188,508
1,606,897
574,173
$1,582,347
Note—Provision
its
exps.
adm.
and
Net
stocks
v
and
public
deductions-—
(not all of which is
"made
$133,194
Co.:
advances
int.
to
Balance
•
$3,597,923
taxes—
appl.
other
Prov.
"$123,869
com.
will
Total —
share
a
sales———
of
Other
income
pref.
$3,194,491 $12,048,996 $11,142,506
; "
above)-
equity
In
9,195,999
Foreign
..Power Co., Inc.:
Net
directors
common
Rubber
Nov. 5, '41
Net.
on
53,579
$3,627,036
$3,409,637
$10
$2,119,758 $27,094,219 $28,102,875
630,775
7,584,887
7,308,408
for
console—
Co.
Other
2,461,061
$3,518,870 $14,306,006 $13,654,054
543,501
2,180,814
2,186,508
99,483
of
place
to
stock
common
dividend
further
a
its
on
Pequanoc
its
(American Hard Rubber Co.
Selling
on
1940.
.1
board
the
intention
dividend
The
on
Consolidated
Cost
Divs.
come
working
that
board's
a
1941..
year
of
1,989,050
Note—Federal
—
plan
the
that
5,092,519
net
Interest
18,886
$4,108,827 $46,596,062 $16,061,536
public—
Balance
■
-
($1 annually) beginning with
of 1942 and to pay such extra dividend at the end
earnings may justify. The board of the American Hard
expected
714,525
Divs.
,
5,524
$.4,710,982
$4,166,227
is
declared
has
$27,952,341
328.478
it
dividends
total
consolidated:'
Interest charged to con¬
-
the
in
declared
4,128,189
of Amer.
Elec.
-
$3,712,567 $15,957,554 $15,221,157
396,260
638,508
*,
-840,379
struction—cr.
receive.
to
quarter
the
for
4,818,537
158,662
(as above). ——-ii'
Income
5.834,888
,„;335,674
other deductions
r
5,355,343
Undistrib.
Y
and
public
to
is
of each year as
Rubber
7,083,809
424,342
net
subs,
Electric
\"
m
,
.
$4,375,308
it
provided
first
46,400
stocks—
com.
on
of
1941—12 Mos.—1940
1,373,988
5,402
-——
have
American Gas &
Rent for lease of plants
(net)
(& Subs.)
<
$4,380,710
consummation of such con¬
upon
that
dividend basis of 25 cents quarterly
a
323,640
stock
common
Divs.
1373.
$16,952,428 $15,521,902 $65,136,843 $60,249,405
11,400,730
10,429,823
43,802,756 ,39,174,474
1,170,988
Co.
all of the underlying Pequanoc stock is ex¬
outstanding 19,561 shares of the new preferred
$1,956,100)
and
89,114 shares
of
new
common
(par
operative,
the
deducts.
earned
Balance
'
1941—3 Mos.—1940
■■ Y:* V'
Y^Y'^'-
Subsidiaries:
Operating
.
consolidated
the
common
stocks—
and
pref.
on
$1,912,713
funded
of
the
a
Foreign Power Company Inc.
—Earnings—
•
of
$2.45
on
1,075,327
747~626
20,784
—
income
Undistrib.
&
Rubber
will
stock
Net
American
stock
common
consolidated corporation,
(par
It
8,333
822,565
on
int.
Divs.
disapproval of
acquisitions by qualified American air carriers of companies of the type
involved in the present case where the applicable provisions of the Act
as
the
each
Jan. 1 to
i V should go
board's
33,458,835
437,818
499,147
income
sec¬
2,509,413
taxes—
taxes
same
of
that
cretion, by resolution adopted at any time prior to Dec. 31, 1941, may
the consolidation operative or may declare it inoperative.
Y
If sufficient stockholders approve the plan and the board declares
$7,423,257 $95,559,850 $85,105,181
432,560
8,333
Operating
Export Lines, the steamship company, for permission to control Amer¬
is
earnings on the common stock for the past five years were $2.08,
including our share of the undistributed earnings of the
Rubber Co.; but had the plan been in effect, average com¬
bined earnings would have been $2.81 per share.
plant ac¬
profits
Other
the
preferred dividend, will have an improved asset position ana
opportunity to receive greater income through the share of com¬
or
1941—12 Mos.—1940
3,306,832
adjustments
income
Excess
not remove it from
phase of aeronautics."
"person engaged in any
a
held
__
of eic.
quisition
the
of
$8,640,053
revenues—
Depreciation
and Honduras.
recommendations
airline Itself does
operating
is not an
board
San Salvador,
unanimous
of
declare
Operation
Amort,
in
board's
stock
common
new
Pequanoc
(& Subs.)—Earnings—
1941—Month—1940
the
age
83.
Consolidated:
Subs.
of
the
greatly
a
would
Period Ended Oct. 31—
Of
stockholders will have ownership in a company with
improved capital structure and, judging from the record of
recent years, more stable and increased earnings.
For example, aver¬
on
value, payable Dec. 15 to holders of record
with 25 cents per share paid on Sept. 15, last,
1940.—V. 154,
consolidated
the
$2,227,850).t :,• .; Y.YYY'-'1 7rlYY.Y■v-'^'Y-;■
'IThe
preferred stock, In
return for
exchanging its
non-callable
feature for a stock callable at 110, and accepting a $1 reduction In :ts
sub¬
15, last, 25 cents in each of the four preceding quar¬
and 45 cents on March 15,
ters,
45. cents
of
YYv \ "■ -YY YY
result
Hard
changed),
par
compares
cents on June
of
share
one
share
one
(assuming
The
dividend
a
into
the
version
American Fork & Hoe Co.—45-Cent Dividend—
declared
cumulative preferred
stock
common
new
outstanding shares of the present common stock
into
converted
American
annual
have
65,503
ultimate
mon
directors
the
corporation;
outstanding shares
857.
The
of
presently outstanding com¬
mon
shares of the Pequanoc Rubber, other than the shares held by
American Hard Rubber, would receive one share of new 7%
preferred
and 2'/a shares of new common stock of the consolidated corporation,
an
Board Dec. 5 blocked the proposed expansion
operations into Central American aviation.
•
held that American Export Lines,
Inc., parent of the
East
be
to
the
converted
cumu¬
to
share
corporation.
cumulative, 2,596,861 shares
2,084,738 shares in 1941 and
common
cash,
payment for four shares
scribed,
preferred stock
($7)
sidiaries
The
in
series
full
Maintenance
The
preierred,
secona
acceptable
($7),
distri¬
with
by $7 cumulative preferred,
preferred,
387,025.65 shares
(incl.
Co.,
Pequanoc Rubber Corp. are to be
converted into shares of the consolidated corporation, American Hard
Rubber Co., on the following basis:
Each of
the
2,700 outstanding preferred shares of the Pequanoc
Rubber Corp. is to be converted into one share of the new 7% cumu¬
lative preferred
stock of the consolidated corporation, and each of
the
6,750 common shares of the
Pequanoc Rubber Corp. is to be
2,083,938 in 1940; option warrants (without expiration date) to pur¬
chase
6,640,994.8 shares in 1941 and 6,641,794.8 in 1940 of common
stock for $25 a share (one share of second preferred stock, series A
.
have
—
into
•
16,861 outstanding shares of the present preferred stock
one
of
The
527,857,874 530,267,834
American Export Airlines, the subsidiary of the steamship company,
proposed to acquire for $1,950,000 the outstanding stock of the Britishowned holding company, Taca, S. A., which controls operating sub-
trial
.
1,827,537
•
consolidated
2,980
credit
1941
ship company
operations."
This the steamship company could not do, the board said, because
its steamship operations are trans-Atlantic and between New York and
The
,
45,569
1,438,126
shares);
Export Airlines—Application Denied—
company,
routes
the
v
56,786
accounts
;
converted into one share of the new 7%
and
Each
:,Y'-\
$
be
to
stock
100,500,000 105,000,000
;
surplus
lative
.
board
Airline
.
is
.
corporation;
393,940,452 393,940,452
par)
"Represented
since
March
on
Aeronautics
company
The
i
(no
Total
in
cents
Jan.
made
was
American
air
9,944
—
Each of the
v
/■
this company are to be converted
corporation, American Hard Rubber
of
consolidated
the
following basis:
The
each quarter from July 1, 1940, to and incl. July 1, 1941.
The
previous payment was 25 cents on March 24, 1938.—V. 154, p. 241.
of
9,944
4,013,546
payable
Deferred
common
cents
v;
subsidiaries
expense—
Miscellaneous
154, p. 693.
dividend
stock,
•
and
$
debt
Accrued
American Crystal Sugar Co.—50-Cent Dividend—
A
6,609,229
33,856
2,216,382
2,798
6,683,980
of
the
on
,
outstanding shares
shares
both
Regular quarterly
30,
393,664
—
—
♦Capital stock
payable Dec. 27 to holders of, record Dec. 17.
An extra
of 10 cents was paid on June 30 and Sept.' 30, last, while on Dec. 28,
1940, an extra of 60 cents was dlstr.buted to common stockholders.
and
66,257
Liabilities—
Funded
regular quarterly
declared
been
26,429
2,470
discount
share.
for
»:
is
American Brake Shoe & Foundry Co.—Extra Div.—
stock,
6,576,762
.
—
receivable,
7,048,324
527,857,874 530,267,834
'
dividend
$
assets
debt
Accounts
V
1940
$
etc. 509,754,268 514,677,854
Dec.
on
1049.
p.
subs.,
1941
special
A
$1
Y
the
on
compared with $3 paid in 1940.—V.
as
Dec.
last,
1,
30
The
—
debits
Sundry
have
divs.
and
Unamort.
advances,
at curr. rates of exch
receivable
current
Other
and
currency
Foreign currencies
share and the regular quarterly
been declared on the common
per
share
payable Dec.
both
distribution
27,
cents
Sept.
demand:
on
States
Accounts
dividend
207,536
1,135,018
—
Y
securities
Cash in banks,
1049.
25
special
A
dividend
,
$33,394,362
155,567
sub.)
a
:
1941—„
Comparative
Investment
Interest
:
...
'••
1941—5 Mos.—1940
•
449,506
prior years—.
■
Allied Products Corp.—Special Dividend of $1.75—
v
in
(prev.
pref. stock ($7)
on
Assets—
Allied Kid
83
._
tax
,
3,570,597
—
for
.
Sept.
_
Foreign
1941
$29,374,176
end.
mos.
——
accr.
Sept. 30,
———
income
adjustments
amts,
of
1,
above)
(as
Dividends
the
on
holders of record Dec. 18.
A
distribution of $5 per share was made on Nov.
10, last, which was
the first payment since 1938 when a total of .$5 per share was dis¬
tributed.—V. 154, p. 905.
stock,
common
1941
Oct.
statement
Miscellaneous
after operating expenses and developdepreciation, depletion and Federal taxes.
Net
directors
from
Mos. Ended
12
Total
Alaska Packers
The
surplus,
Balance
1,109,100
$877,818
—
Summary of Earned Surplus,
Federal
taxes
based
in accordance .with the Revenue Act
on
1941
of 1941.
income
has
been
a
New
Jersey corporation,
Corp.
is to be
issued in exchange for the 2,700 shares outstanding of
Pequanoc Rubber Co. common stock other than the 2,300 shares held
by the American Hardware Co.
Such 2,700 shares would be the only
asset
its
of
Pequanoc
American Power & Light Co.—Accumulated Dividends
A
engaged primarily in the business of manu¬
facturing reclaimed rubber, and it is contemplated that, subject to the
consummation of the consolidation, capital stock of Pequanoc Rubber
Rubber Corp. at the time of the consolidation and
only liabilities would be its capital
stock.
..
a
substantial part of. its power requirements from Pequanoc Rubber
Co., it is considered important that American Hard Rubber be assured
of full control of Pequanoc.
The consolidated company will be in a
much stronger position as regards both assets
and earnings, than
either company standing alone.
Another advantage of the consolida¬
tion is a probable saving in taxes.
In view of the many advantages
Of the consolidation directors strongly recommend that stockholders
approve It.
Y
■'
The consolidation provides for new preferred and common stocks
to be exchanged for the existing stocks of the two constituent com?panies.
Directors believe the terms of exchange fair and equitable.
Directors therefore recommend the proposed consolidation as achieving
a
highly advantageous acquisition from the business standpoint and
also
affording a desirable opportunity for revision of the capital
structure of this company along lines which have long been under
consideration. OYY
Y \YYYYY/YrYYYA ^-YYY .Y'Y'Y \ v Y'Y YY'Y
The capitalization of the
consolidated corporation will consist of
7% cumulative voting preferred stock (par $100) and common stock
(par $25).
Preferred stock is to be preferred as to dividends, and
preferred as to assets at par and accrued dividends upon any voluntary
or
Involuntary dissolution or liquidation and is to be redeemable ia>
whole or in part at 110 plus dividends,
upon 30 days' notice.
The
preferred and common stocks are to have equal voting rights, share
to earn,
carr.
surplus
and is
before
int.
to
other
Balance
1941—11 Mos.—1940
$3,915,600
$3,953,000
1,177,500
appl.
other
and
Y
Alaska Juneau Gold Mining Co.—Earnings—
j
Balance
,
148$
dividend
of
$1.12 % per
share
on
the $6
preferred
stock
and
one
93% cents per share on the $5 preferred stock, have been declared,
payable Jan. 2 to holders of record Dec. 8. Like amounts were paid
on the respective issues on April 1, July 1 and Oct. 1, last,
as against
$1.87Va per share on the $6 preferred and $1.56V4 on the 5% preferred
stock paid on Jan. 2, 1941.
Total distributions in 1940 were $4.50 on the $6 preferred stock and
of
$3.75 on the $5 preferred stock.—V. 154, p.
1373.
4,
^.■.,m,rr-^.v~^ r>,«~,••■»,,iraaittlT
■fS'*
'"■
THE COMMERCIAL
127,819,783 units (kwh.). This is an increase of 17,534,827 .units15.9Ye
above production of 110,284,956 units- a'year ago. '
American Potash & Chemical Corp.—$1.50 Dividend—
d.rectors
The
payable Dec.
cents
paid
Dec.
on
declared
9
16 to holders
$2.25
Dec.
on
of
$1.50
share,
per
This compares with
50
»
of
York,
directors
The
the
on
This
on
The
1
Place,
b.ds
at
for
of
It
to
been
to
of
m.,
Dec.
the
corpora¬
stock
for
value,
to
$81.67
154,
share.—V.
per
of
proofs
all
an
If
28.
of
proofs
such
claims
not
are
claims
Osborn,
issue
1940.—V.
Years
of
-4:p.
':• /"
of
154,
record
March
on
Nov.
1, last,
14.
A
and
in each quarter
similar
'
'
distribution "-fras
1375.
p.
•
during the
•
-vV-
'
.
Oct: .31—-
Ended
:
•
.'
Co.—Earnings-
•
:
"
'
■
: 1&41
•'-,
/■Operating:
-■.Operation-
V-: 1940.
'
$5,495.73-1
Maintenance
$5 .217,228
1:273,020' > i ,252,917
: •' •241,349V •'••'••: 269,355
repaifS--__-'i_u:-^^i_'_-__.l
and
•
Appropriation
filed//they
will be
company -or
in ; its
154, p.
holders
to
this
California Oregon Power
New
1374.
for
fetirement
Amortization
of
Taxes
than
(other
Provision for
reserve__-___i_:.
limited-term
income
Federal
480.000
.
'
•
investment
taxes)
income taxes.
Neb^
Corp.—Handwriting Expert
Rent
int
480,000
.
:
7,270
699,804
:
7,270
675,163
502,330
231,682
291^8/ $2k306,842-";
for
Net
(lease of/elieetric.;-plant-A4--u-i;-r_"r__-i^/
239i281
;
238,359//
income. -1
$2,052,677
//Total • other' incdprer;r_/--_l_.___.._l.__--_-.__/'
^ 2j236
internationally-known hand-writing expert, according
reports Dec. 4, gave testimony in Federal Court Dec.. 3, which
said might, if sustained, result In the setting aside
System's 1933 recapitalization plan and the return of the assets
of the System to the parent, Associated Gas & Electric Co.
operajting
/ $2,062,482
-12,156,
observers
Gross
Gross
the
Interest
.
?*.
Income
Income
<69 OF
$2,054,913
funded
on
debt...
$2:674,638
842,500
842,500
'
•
*
Gordon
Mr,
computed on the
Osborn
testified
sidiary
companies
•Gas &
Electric
•fictitious
857.
p.
that
to
x>f
press
court
of
can¬
basis
of market values as of the close of business on Dec. 3, 1941, applicable
to
each
share
of
the
first
preferred stock of the corporation was
asset
notified
are
from
Albert
■
outlining the above proposal,
the
District
'
'
'
3
Testifies .Reports Were Fictitious^—-
for
first preferred
'
*'
'
pursuant
Southern
the
1
on
year
against company (with the < exception of
principally debentures, bond certificates
and all classes- of stock) must be filed with Stanley
at his office, 21 West Street, New York City, on or
Associated Gas & Electric
15,
p.
company,
for
participating in the assets of the
reorganization unless the court otherwise orders.—V.
j
of
1941,
against
Dec.
made
<
,
'<■■:/'■ " ."«
.
Saturday; December 13, 1941
on
enumerated,
Trustee,
barred
Court
or-
whatsoever,
indebtedness,
Feb.
claims
any
District
26,
Nov.
claims
before
corporation,
the
dated
Clarke,
amount sufficient
the purpose of
an
appropriated
•"
■
that
for
agent
will until 3:00
preferred stocx
of
shares
'
stated
City,
J.,
first
stockholders
the
to
President,
N.
of
has
such
retirement.
letter
a
share
per
.
$55 per share up
whicn
cash,
for
and
cellation
Grand,
share
Jersey
City,
sale
$300,000
purchasing,
In
Bank
Jersey
the
prices not to exceed
exhaust
to
cents
Corp.—Tenders Sought—
Superpower
National
First
Exchange
tion
25
S.
U.
character
any.
to holders of record Dec. 17.
paid on July 10, last, and 25
27
Dec.
cents per
of
.
American
receive
10
with
dividend
a
the
certain
share on Dec. 28, 1940. The.previous payment was 10 cents
July 11, 1938.—V. 154, p. 650.
per
made
payable
stoc.t,
common
compares
cents
declared
9
Dec.
on
holding
persons
order
American Republics Corp.—25-Cent Dividend—
•'
Filing of Proofs of Claim-—
.
All
1940, $2 on June 25,
1939.—V. 154, p. 425.
18,
$2 on June 29,
1939, and
15,
12.
record Dec.
of
last,
29,
Sept.
on
1940, $2.75 on Dec.
dividend
a
& FINANCIAL CHRONICLE
that
which
of
directors'
the
possible
meetings
creation
of
the
of
Amortization
sub¬
•Other
Associated
and
■
t
.
.
.
debt
discount and
203,223
expense
203,223
.•/: 4,437
/4.421 #;•
charged to
Amortization
of
construction.—.-
preliminary
of
costs
Cr3,092
Cr3,622
48,028
85,567
projects
abandoned
•
,
of
Interest:
Interest
Corp. and the transfer of the corporation's stock were
written
several
years
after the meetings supposedly
held.
were
minutes
made
■
//'/,
U''*"
'/J '
'
American Telephone
& Telegraph
Period End. Oct. 31—
Uncollectible
Operating revenues—
Operating
10,957,662
62+532
Z.
xevi
-oper.
121,681,030
66,961
,
665,382
-
It-
10,890,701
121,015,648
99,583,174
7,849,092
7,412,052
74,309,680
69,900,093
revenues-
4,811,072
3,478,649
46,705,968
29,683,081
taxes_„«._-
2.041,563
1.620,616
23,391,703
14,928,425
subsidiaries
1928,
actually
of
Associated
operat.
Operating
Electric
&
untilijate
not; written
were
pursuant
of
meetings
between
alleged
to these
held
never
the
Miscellaneous
Co.,
in
and
which Mr. Osborne said
minutes,
which
inserted
were
in
the
Dennis
Driscoll
J.
Dec.
4,
that
and
Willard
L.
given
testimony
1941,
in
Net
operating
income
Net Income.
said
Federal
in
Court
state¬
a.
•"
•
2,769,509
1,858,033
1,293,302
1,255,621
—
23,314,265
14,754,656
144,465,045 136,617,180
bearing
held
a
securities of Associated Gas & Electric Co., parent
priority to the assets of the A. G. E. corporation,.
Messrs.
American Water Works
1
of electric
Output
for
the
of
week
17.87'/i
week
of
ending Dec.
the
over
Nov.
V
15___
of
1941
.1940
,
1939
1938
.54.914,000
54,011,0.00
29—
6—
•Includes
:
69,136,000
:
71,268.000 160,466,000
58,130.000
/
of
is
Thanksgiving Day.-r-V.
40,793,000
55,661,000
45.697.0001
42,206,000
56,234.000
47,052,000
43,911,000
Pa., has refused
tion
to
not
stockholders'
a
restrain
declared
the
dividends
question
the
right
company's assets,
While
r
the
'•-'-
The
tion
of
of
10
of
dividends
by
to
in the
new
cents
payable
t
stock
common
the
on
Dec.
1
action
Court
are
and
preferred
new
of
holders
to
'
,
an
initial
an
stock,
record
of
z
1,
amounting
1942,
record
The
at
New
u
; ;
declara¬
both
Nov.
the
close
$45
of
of
business
fund
35,453
Dec.
on
152, p.
3641.
Period—
Net
sales
of
from
This
when
year,
and
was
the
the
For
loaded
week
same
line
on
and
of
1930
total
received
19,749
of
/Provision
.
-
increase of
was
/r/Nfet;
51,012,
$1,106,146
$831,334
787,871
622,072
Gross
profit_.___—
.
.$314,541
$273,972
$318,275
$209,262
5,677
382
Dr4,895
456
income
the
diyidend of. $1.25
stock,-payable Dec.
/
Total
earnings ——
depreciation.
Prov.
for
Gen.
adm.
&
Int.
on
Int.
notes,
Prov.
funded
for
Net
a
Earn,
sell,
was
inc.
38,580
3 23,424
59,083
48,343
787
1,107
$21,085
•$1,735
$0.13
Nil
682
1,000
•*
•
stk.
com.
•Loss.—V. 154,
from
25
each
cents
75
:/7/
Total
Acer.
income
int. -on
rec.
1941
•/
>-
v
-1940
•
cents
169 /
/•
1939
30,
1938
33
-
$6,731
$8,329
966
501
Dec.
the
on
company
794
.' '1,716
1,712
Depreciation
earnings
Operating
1,682
1.717
1^79
■
Net
profit-_—-w
-
-
/
2,070
1,666
<
1,660
$4,188
$3,968
$2,967
$3,441
5.090
4,585
3,332
3,866
Earn., surp.,- June 30
-V.
surplus-—
Dividends
.
A
stock
Class
B
stock—..
Adjust.
5,720
of
5,301
.
'2.222
.
pending
pay.
suance
$8,553
$6,299
$7,307
declared:
Class
Divs.
$9,259
154, p.
22.
Distributions
stock
1940
Fed.
.
2,222
..
1
■.//•.
448
Sept. 30_
surp.,
1940.—V,
Note—The
P.
A.
consolidation
for
W.
Properties,
of plants
of A.
remodeling of the latter's Liberty
Inc.,
P.
W.
'
$581
was
1
organized
Paper Co.,
Inc.,
$269
under the
plan
to finance the
mill and the construction of
a
new
warehouse and office building. The A. P. W. Properties, Inc.,
free from all liens, the land (1.457 acres more or less) just
of the Liberty mill, the storage warehouse and office building
storage
owns,
north
erected
P.
A.
upon it. together
W. Paper Co., Inc.,
with the two sealing machines used by the
all of which is under lease to the A. P.-W.
Paper Co,, Inc., for a rental sufficient
expenses)
stock,
the
A.
and
P.
provide 4%
6'i> dividends
to
W.
Properties,
dividends on
on all of the
Inc.—V.
(after payment of all Operating
all of the outstanding class A
outstanding class B shares of
154, p. 330.
■///••/;::>;/•;
/..'U
Associated Gas
Atlantic
&
Electric
Utility Service
Co.—Weekly Output—
reports that for the week ended
5, net electric output of the Associated Gas & Electric group was
The
Corp.
123,508
,471,8Q7
113,700
626.000
340.200
/"/v;/,
■
$3.49
i...
v
„
$3.22
•
"
,1940 *y
siasjele
•
for
5
$*92,953
-/
" •349,908
/: 495^72
-541,018/
«
•
/ ; 273,534
f
1,990,958-'
debs.-
-
40.658
288,954
8.162.742
362,137
—
499,787
loans
.
t
.
(secured)
$401,400
debentures
$711,372
/
348.830
1,100,000
850,000
.'■,■.
''-v-■ /./'■/ f
*
J160.589'. / ■:
'
811.073
,
-4.914,057
:J3^447„.600;
j'
842,935
„
4.914,057
surplusj__--wa
distributed
925,000 :•;
i3.087t729 ri;
11
1■ ■
"■■
'*»'■
■
1940.
(Represented
shares.of
1
by
163,200 cumulative sinking fund convertible
par value and 675,195 common shares of no
no
(Purchase
liability and mortgage?: payable.—V, 154,/p.
/.
95^.
Canadian Malartic Gold Mines Ltd.—2-Cent Div,—
:
Ltd.~-.Earnmgs—:
$579,145
$555,0.46
$5,438,531'
25
20
declared
payable
cents
cents
154, p. 1050.
'
/•:•:
//'
•
Dec.
29
share
per
on
dividend
a
Jan.
to
was
13,
of
Gross
—V.
holders
made
cents
of
record
company
stock
common
also
paid
During
50
cents
this
on
1
paid
issue
the
the
on
28,
9
A
dividend
of
$1
tion
$2
Dec.
made
was
paid
June
2
12.
A
and
Aug.
,
share
per
this
1,
:•
(A. M.)
The
issue
1940,
account
of
like-amount
30,/last.V,, Ap
regular quarterly-dividends Of
and, in addition, an extra
1941.
,
r;
/
was
28,
152, p.
C
>'
O.V
;
421./T /
of
last.
2,
March
on
Dec.
v
last,
10,
$1
1938.—V. 152. p.
:■
■/•• -:.
-
•
1.
dividend
5%.—V.
154, p.
on
13.
A
a
the
on
the
dividend
on
the
of
25
$1.75
last,
on
and
,•/
"
Oct.
on
April 1/1938.
1940.
1,
-/
""^'-,1941
/
-
1940
'$5,848,000
'
$5,216,000
^: 7"
^
.
The pre¬
"
;
^
•
,
compares
with
March
and
on
1
amount
due
Feb.
1,
of
$2.0052
per
cumulative
share
stock,
on
has
gold bonds/dated'/June <1, 1928,
The First National;.Bank of r*
paid;tOi
trustee,
balance
the
paid
i,
presentation .at
on
1941,"- and
separate
the
ownership
The
par.
1941'income
fixed
interest
be
must
coupon
certificates/where
60.—Extra
semi-annual
Dividend
cou-/
accom-
15i.
required—V.
the
extra
of
this issue
directors
per
share on
Dec.
13.—'V.
•
on
also
of
$1—
dividend nf $i per/share, and
extra,
an
dividend
50
cents
Deo,
20, -1940,
declared
and
the
13.
on
usual-*
share
per
being payable Dec. .20 and
Jan.-2,-both torholders of record Dec.
i/-The
'•
on
An
Dec,
the.
.
extra
19.
the preferred stock,, payable Jan.
153/ p. 238.
2
of
Was
/
holders
also'
< ^
dividend>of
to
/
com¬
dividend
$1
1939/
quarterly
the
on
regular
of
-
-
v
$1.25
'
record
'•
^
stock,
payable Dec. 29 to
paid on this issue oh-
was
the sum of accumulated aiid unpaid
1939, together with interest thereon
share was paid on
convertible
Dec.
by
regular
mon
.
per
ras
.The/directors bave declared
the
/Carnegie-Illinois, Steel Corp.^-Change |n Personnel--^
f/-'
-
class
A
account
stock,
of
no
value,
Appointment of P. R. Gammon
years
of service.
Mr.
;•
accumula¬
par
;
district .sales.-office.
Mrv Gammon, will
795.
cents
will -be
.due
paid on
■••/v/F/.V'/
-
company
of the principal due on V
its'indebtedness, plus accrued fixed-Interest at 4l/27/ to Dec: L 1941, "
plus 2/0. income 'interest for the fiscal year ending Nov. 30. 1941.//•- /
common
California Art Tile Corp.—25-Cent Dividend—
A
1,
made
:p,;.v2796.
■
1274.
...
dividend
preferred
like
notified -that
pons
.
tions
Aug.
was
The holders of first mortgage 61/* %
t; panied
similar distribu¬
which
each
"/r
.
A
current payment represents
quarterly
and
_
Montgomery ,(Ala.),
Bonds
V'**
declared
dividends of
recently declared
record
■
.
Capital City-Hotel Co,, Inc.—Payment of Bonds—
Carnatien
recently
was
and
■
accumulations
holders
Feb.a
Days Ended Nov/-3j0^—
are
Byers Co.—Preferred Dividend—
Dec.
The
-
directors
on.
~VVF54, ji; 1412.
Z
T
stock,
15 to holders of record Dec.
1, 1939, and on Feb. 21,
:•
at
on
March
on
■
Gross -earning8 /<;estimated)l-/J_-_l__;_-j_ij_'__/
•
,
cents per Share bn
Jan.
common
of $1.50 on Jan. 26 of that year.—V.
stock, payable Dec.
made
vious -paymeint of. 2 #
four
on
paid
Nov.
\ '
*50
#
record
Feb.
on
company
share
■■/■'-/;.v:
was
this issue-on Aug. 8,
one of 40 cents -in July,
dividend of
a
of
also distributed
was
1940
per
/
,
holders
to
1412.
p.
$3,086,829
:■■/•
on
1941,. and
154.
1940
t
.
Canadian Pacific Ry-—2% Preferred Dividend—
on
19:
-
' 1941
$6,115,424
,
The
directors have declared a dividend, of 2%
on
the. 4$-. noncumulative preferred stock, par £1, payable Feb. 1 to holders of record
Jan. 1, subject to the
Foreign Exchange Board.
A slm iar distribution
!:;■;:■-///;
/..//:••v'i-r., /.
Dec.
on
Dec.
.
! :•
*
share
per
.
.
,
revenues
/
$5,309,932
Divldend-^.
60
cv
w
.
,
.Week Ended Dec. 7th-.
^
.1941—lOMos.—1940
i
.Canadian National,.By*—Earnings— '
,
•/,
Dec.
124.083
491.905
$12,661,316 $12,090,511
par value.
..
$967
:
'
:
'• v-'.{
■
Sl.496,140
9^149/VV:32,$78 ^ V///34,180'/V:
trustee
;;•
Buiite Brothers—$1 Dividend-rr;
.'
273,500
investments
preference
Bullock's^ Inc.-^-SO-Cent Dividend—
The
2
$1,315
'68^48/;,;
V
——
Total—^X2,667,316)$12.090,5U
"After reserve
for-depreciation of $2,611,251 in 1941
$2,216,630
$1,461,070 $15,271,314 $13,827,540
'
906,024
9,832,783
8.517,608
1,066,646
,
have
stock,
of
of
one
A
Earn,
,
1941—Month—1940
______
directors
common
last,
inc.
t&X
of
.Capital surpijus sand
of
1050.
distribution
4;816
2,222
'..■•:,fv
.
year-end
a
$1,645,791
expenses
extra of $1
3,111
,
2,222
is¬
.
.
.
Corp.—Fays Special Div.—
paid
Budd Wheel Co.—60-Cent Common
the
Total
11
:
earnings
/
Net
Dec.
or.
Period Ended Oct. 31—
the
;
:
>
V-,
•
■
2,624,223
^
Tlie
■
^''417,993
"*
...»■■.<
$1:845337
-
bills;r©c.; less res, fbr-doubtmi accts,1
1412.
p.
529
•'-^j.
-125,264
'
■/Mortgages - payable''//
'
Minority interest in subsidiary company_.ij.___
(Capital stock
common
_
■
sub¬
to cl. A stk.
Taxes
';
1454.—V. 154,
„
$8,494
-
380
/:,-... ;:/.
.
.
/
/-•'$X'89,130U,/'$178,T92ff/Vt570,570// $526:446/
hands
Series B
Stores, Inc.—Registers With SEC—
Dec. 11, p.
to
.
.
v .a
The, ,directors l recently; declared -a, /dividend lof Wo!. cent's per, share; z
dividend of," 20 ,centsj per '.^ payable in Canad'-an/funds on -DeC". 20 to holders of record Nov.
29./r
share on the common stock, no par value, to holders of record Nov&27:
A like amount ,*haa been
paid each-quartet since and'including March"
The
last
regular quarterly distribution of 40 cents per share .was,
28, 1940, i-which compares with three cents per share pa.d on Aug. 4
mad^ on Oct, 1, 1941.
v.
f "^' and Dec.
15; 1939>^V. 154; p. 954.'
/ ' ' '
"
r
i
A year-end dividend of 40 cents
per share was paid on Dec. 10, last
\
*'
/«
v
♦[ t '+'
"■
t
^
I
"~i'\
y
;< ' ti
''
$
*'4
year, and on Dec. 8, 1939.—V. 154, p. 746.
,»,
The
29
/
27,424
'
: Accounts
payable and accrued, liabilities._j.2:
875,467
Federal and provincial income taxes667,719
!5l/2%/' ser.,\A sink, fund debs.,/due April 1. .1946
700U00
<
on
March 31, June 30 and Sept. 30, last-,
and 25 cents in preceding quarters.—V. 154,
1940,
Boston^ Herald-Traveler'
<
$8,465
,
v
i
$449,562
29,793
Liabilities—
.
'V
$6,698
:33hC>
$8,063
w
exps
of
'
•-
;sV28,308j'-^^55,266
.1
Total--
746.
p.
declared
share has been
holders of'record
British Columbia Power Corp.,
■:
months
/. Consolidated Balance Sheet, Oct. 31
in
Other
•
Ine*—^ 1.25 Dividend—
made
were
Dec.
on
Bond
Gross
$8,296
$7,894
/;:/
collections
acct.
on
scriptions
:
Inc.— -Earnings—
10
Prepaid- expenses234,117
buildings plant and •equipment.,8,812,453
W.
P.
Inc.Z_____
Administrative
»
the
{& Subs.>VrEarnings—
share, of preference stock
per
Accts. and
1100.
p.
'■SXyy,
earned-—
Interest
•
Nil
p. 329.
A.
Co.,
Paper
*■$18,507
$0.17
3 Mos. Ended Sept. 30—
Rental
i
$27,298
.
A. P. W. Properties,
"
45,072
941
56,580
etc.
:
shr.
;46.000
386,424
tax_
profit
per
48,400
196,446
for
v/:lnvest)ttents:-"--/^/4----V—---»J/—:•/
con¬
$209,718
48,060
'// 186,599
debt
accept.,
Fed.
$313,380
$274,354
$320,218
exps,
and
/;/''/'''
-.
Cash
1935.—V. 154,
per
30 to
/
/
'
company's organization in
See "Chronicle,"
?
$4,179,011
Assets—1941
in
Other
1941—16 Mos.—19 40
$4,211,153
-
/&/•Z/ •.,;.o$sh..i—':
T'//1V'''.
Bliss & Laughlin,
908,372
;•-
Federal
profits
Earned
9.894
Benson & Hedges—^Initial C^nHnon Dividend—-
A
$1,182,344
for
•■;■•;/,.rsfiZ-
An initial dividend of $1 per share has been declared on the common
stock, payable Dec. 27 to holders of record Dec. 20.—V, 154,. p.'1374: i r
Subs.)—Earnings—
1,175,093
859.
p.
■
provincial ino./ taxes_
Bank
v
$1,489,634
October
for
expenses
deprec.-Z
for
Provision
comprising
//■Inventoriesconnections.—V. 154,
from
and
.do.npt.,include income arid, profit .taxes.—-V, 154, p.-1390.
55,202,
was
:.
like. ;/
last,
$2,352,020/ 82.343 631
Canadian Breweries Ltd.
.
18,722 received from connec¬
the
the
on
29./. A
13.
Jl940.-»-V.:154,.
$238,410
Interest
Bell Aircraft Corp.—Initial Dividend—
July 1-to
95 Days.to; 3 Mos: Enc|.
Oct, 18*'41 Oct, 19, '40 Oct. 21, '£& Sept. 30,'38
sales
*
.Total' incordp;8632,921
,
total
Nov.
Sept.
Ltd.—Earnings-
/;/Minority ••-'interest$2-i'//l
an
and
.
LoadingSr—
connections.
declared-
record
.
16
V1941—3 Mos.—1940 / / 1841—12 Mos.—1940
/. Profit from operation.^-.:-/$613,039» >*$421,254
$1,790,071
SI.427,192 V
An initial dividend of $2 per share has been declared on the stock,
payable Dec. 24 to holders of record Dec. 15,
This is the first dividend
July 1 tot
i
Cost
received
of
June
.*Land,
154,
1941.
31
•
A. P. W. Paper Co.* Inc. (&
v
20,
total
handled
1374.
P.
which
will be paid on
debentures, due 1967,
income
Fe
•■'/"////
debenture
$1,000
per
sinking
1941.
-
were
nections.
quarterly
of
21.—V.
York Stock Exchange directs that the debentures be quoted
$45
per
$1,000 debenture on Thursday, Dec. 18,
1941.—
ex-interest
V.
to
holders
to
]
32,232
moved,
cars
During the preceding week (the week ended Nov. 29) the total
including 41,310 loaded on line and 21,245 received from
since
Interest
OcL
connections
62,555,
Anglo-Chilean Nitrate Corp.—Interest—
Jan.
from
recently
was.
holders
15,
16> April 3Q,. July!.16 and Ncv.16,
Note—Operating
„•
System—CarStoadings
Santa
1940,
tions.
:
■
week
same
cars
over
the same period of last
consisting of 32,290 loaded on line
»
initial
6,
21.606
otherwise pending final
or
'J,
t
>
•
share
to
13
March
on
•/ Net^ earnin'gsllLV-—- !
.
handled 60,906. cars of freight during the week ended
Of this total 39.300 cars were loaded on line and
company
Dec.
the
without
made
rights."
the
on
31 Vk
1258.
p.
distribution
dividends in question, Judge
prejudice to the com¬
the
pay
is
defendant
their
cents
of
declared
to
26,472
Baltimore & Ohio RR.—Car
The
their application in the event of further distribution
the
of
future
any
with
'
*
/
,
Co.—25*Cent
.178,185y 1,858,233 " .1.,835,380
Osborn's testimony is inaccurate, incomplete
be almost any interpretation of an isolated
154, p. 1259.
Dec..
paid
,
.30,461 cars preceding week .this year.-r-V. 154, p." 1300.
....
order
dividends referred
dividend
were
"This
renew
assets
determination
contest
of the- two"/estates at'this time
•
cents>>per
payable
also
was
period Endi Oct. 31— '
1941—Month—1840
Gross
earnings.,$421,1.14
/ $404,672
Operating
;
by
the
priorities or on the relative posi-
/./</;.*$
stock,
on Jan.
.
at Pittsburgh,
and
.
permission
said:
plainants to
-of
to
adduced
been
Electric Co/ and
on
>
'•
Consolidated - Copper
Canada Northern Power Corp.,
holders
extreme.
would
as
Ilecla
> ■
for a preliminary injunc¬
distribution of two recently
preferred stocks, but did
the
common
new
'
y
granting
Richardson
the
the
interpretation of
ended Oct. 31,
under, the 1941 Rev¬
taxes
concern,
" Any attempt to evaluate the effect
•
taxes for the year
profits
excess
Santa'Fe System carioadings week ehded Dec/6ri94i,'wer6 '23,745,/ //Others19.882
.'•'V;■:\*.4*'
1 -4 'v.
''•*.*»'■
application
from
company
on
security
had
&
compared with 19,792 same week 1940.
Received
8,487, compared with 6,680'same week 1940. Total
Pleas Court
Common
0
point
Gas
Atchison, Topeka & Santa Fe Ry.
154, p. 1373.
in
in
Associated
&
dividend25
amount
statement;
this
to
up
of
this proceeding
various
misleading
compared
Richardson
A.
case
for
$111,670
Period Ended Oct. 31—
•
American Window Glass Co.—Dividends Released—
Judge Joseph
said In their
Thorp
this
trustee
•part of evidence in any proceeding.!'—V.
.
44,631,000
43,863,000;:
the
"Any
and
1937
*
of
hazardous
for
45.582.000
and
in
the
evidence in
the
-tion
1
59,261,000
only,
general protective committee.
f:
(in kwh.)
energy
Driscoll
testimony
side
one
company
>
weekly output of electric
58,981,000
Dec.
this
71,268,000 kwh., an increase
60,465,500 kwh. for the corresponding
69,502.000
NOV;
*
of
of
totaled
1941,
221^65,656,000
,
•Nov.
properties
follows:
years
Week Ended
,
electric
,
five
"The
Electric Co., Inc.—Output
&
the
1940.
last
the
6,
output
Comparative table
.
of
energy
A
capital
by Albert
hand-writing expert, did not tend to establish that-the cor¬
poration's securities were void and that holders of the fixed interest-
1373.
p.
''$923,44^1
154, "pv 1050.
-Calumet
Osborn,
~V'.. 154,
19,092
$937,811"
^Dividend— V
Trustees,
3
includes
Act.—V.
enue
/
:
Thorp,
Dec.
Income,
Note—Provision for Federal income
minute
of other mintues, that the convertible obliga¬
tions
were
ostensibly issued to Associated Gas & Electric Co., and
which Associated Gas & Electric Corp., a subsidiary of the company,
converted into corporation stock.
- ~
ment
22,022
1931,
pages
New Evidence Discounted—
Net
Gas
Neb
was
books
532,459
,
certain
said.
were
100,115,633
12,660,164
expenses—
he
1941—10 Mos.—1940j
$
$
< ■*
$
$
-
12,722,696
revenues.™
of
dated, 1927 and
Co.—Earnings—
1941—Month—1940
Operating
Minutes
Gammon
Representative
Sales in
r
ager of
effective
succeed
Manager of Sales of the
as
Jan.
James
1,
R.
1942,
Mills,
"
,.
■
was
who
announced
will
/■//;'•<;■
.
retire
■
New York
on
Dec.
after
/.•.'; ••-/■;■
•
Joined the jselling force of this corporation as-Special
ip ■ 1936,. and on Jan: 1,: 1938; was made Manager of
which position he now
relinquishes to become Man-
Cleveland:
Sales in New York.—V.
153, p.
96.
'
\
•
9'•
many
'
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4019
Volume 154
'
payable Dec. 15 to holders of record Dec. 1.
This
pares with 10 cents paid on June 16, last, 15 cents on Dec. 16,
and 10 cents on July 10, 1940.—V, 154, p. 1145.
1940,
,
»
.
Sates
Sept. 30—
t>ug«ir x. o. b.
port, and sales
ox
cuoan
Cost
oi
cane———:
expenses
Prov.
ior
.
-
.
812,132
682,882
663,364
654,290
728,029
99,056
96,305
17,724
18,060
792,sol
otuer
—__
deprec.
4>0U,07l
>
.
.
787,590
on
iliL
of non-oper. mill
Mam.
'./a
«
properties
t»per.
§$1,837,166 t$l,859,499
<'$1,814,702*">$1,625,264
Mxg.,'. smpyiMtf
1938
1939
1940 ,'
1941
molasses
oi
•
Income Statement,
Consolidated
/
,
Years End
■
-Earnings
(& Subs.)
Central Violeta Sugar Co., S. A.
'<
96,472
95,807
19,523
22,067
-
>
gem expo, of non-
subs.
oper.
__
Gross inc; from sugar
'
& 'molasses
income
Other
Total
Int.,
income
exch.
Legal,
$242,107
<•
32,843
$44,477
iy,379
$274,950
$63,856
—-
—2
•
$3,464
$164,154
18,267
$23,093
'20,603
38,687
0,331
39,015
expenses
Interest
Taxea
lor "curt,
<312
93
2——
■'------'V-;
■■
"
retired-.-
1,891
oper._2l_
Adjust, with respect to
oper. of prior yearsSpecial' Credit to profit
.loss;————
$205,995
Lbss
on
prop,
from
Profit
'
$27,366
*$45,692
revenue
during
passengers
the first
1940.
*500-
f t$12,174 *
also reported that
It was
1941
as
com¬
:,
passengers-during
passenger miles.
Prov.
Cuban profits
for
•tax
'
ft33,226
—
for. contlng.-—_
Prov.
.
tt605
-30,527
25,803
i
31
'
i
2,013,197. revenue
flew
-~
carried
1940.
—
'
$957
$72,764
35,378
——-
$230,231
—
as
„
Assets—
'
;'
.-Y
in banks: and^ton
Cash
•
handwi-ii-Wj-i.-.;^---^
___.—
•
sold (est:)—SxiJ'
,J
■
hand
Receiv.
supplies, at costii---:_-i_~-^-----Y
for'adv. int. & rent.
;
from cane growers
Growing
,
146,670
442,209'
142,198
114,867
26,769.
31,729
38,551
caneu—•
;..a:
Rights under mortgage,
'Total
•
-
.
2.930.489..
.
...
■.
...
„.
,
.
Retainedcane'liquidationSi_'l--^f-—i."—1'---Accounts
37.579
payable
Unpresemed bend
v
interest coupons,—
dividends
payable,.,—,.;;—.,
Liens MCensosl
1,028
propertiesL__LJ--vi------r:-
;
-
"*\.r
74,761
^
■Res.'forYiohtingenoies^^ix«^ii';™^_t.£^-^ri^t^
Capital slock (par $19)-—
—-Capital surplus arising on consolidationL^__-__
Earned Surplus
•'
25,884,
25,803
2,688.690
727.935
J 727,935
369,212
138,980
'V*Aftef Reserve
for
'
A similar-distribution was
made onr
Dividend^-., '.
^
declared
-
-
directors
-
dividend of .20,cents per'shaie has been -declared on"ihe common 1
payable Dec,;19 to holders of record. Dec. .16.
This compares,",
10 cents pa:d on Sept. 26, last, 15 cents pn March 18 and June 13, .
last, 20 cents on Dec. 14, 1940, and 10 cents each on March 20, June 20
and:Sept. 18, 1940.—V. 154, p,.242..
.</
■
issue
Called—
.See.-als;o, V.' 154, p., 1375,
'>■ .* ,„r
the financing program.
makes it even more Important
Japan
work
construction
Appeals
Sales
J,
will
shares surrendered for exchange, a dividend for the
paid March 1 on the new $2.25 shares at the rate of
which, on a two for one basis, is equivalent to the
be
annum,
also
'
-
1
''-V
issuance,
the sale to
for
of
the public,
(no par), plus an
twice the number of
stock
to
register
will
company
the
including
$2.25
the $2 shares for sale to the public, said Mr. Campbell.
take
to
resulting
power
the industrial
in
program
for
demands
increased
of
care
defense
areas
from
the
served by the com¬
production of the electric plants of its
ending Dec. 7, 1941, amounting to 163.800.000
kwh. for the corresponding week of
increase of 2.6% .—V. 154, p. 1376.
announced
company
an
share
per
)he
on
week
with
159,600,000
extra
an
.
V.
of
dividend
$1;75
dividend
A
30, last,
and Sept.
30
Assistant
and
to
the
-
' ,V
*
1
V
" "
&
"
l'
per
/>The
J
David
with
.
Pender Grocery
Co.
and Southern Grocery Stores,
A
dividend of . 43% cents per share >
preferred stock,.payable Dec. 22 to holders,
distribution was made on this, issue .oa.
declared «
similar
.
the preferred stock of $4.56%
President, on Nov. 18,
on
Roach,
G.
share
life
accrued
of
75%
on
Oct.
agreement
the
1,
be
1941,
paid
Oct.,'41
$30,340
$76,081
6,669
17,557
7,928
16,656
2,303
4,236
3,127
9,666
$9,118
$10,468
$12,616
$32,202
915
1,053
2,271
4,23.9
267
121
240
627
$20,626
—
^
Sept.,'41
& $25,114
.—;
5,196
5,692
Material'---'-u-L-——
4.010
4,718
sales—Labor
on
preferred shares) may during
of income accruing sub-;
only out
to
year
any
the
company
has the
right, at its sole option, to cancel
agreement upon payment of a nominal fee. •■:. • Y A- i\, •.;;; ■;.;•;•::'viC;.
unfilled orders amounted to $214,736,825 as of Aug. 31,
last, including signed contracts of $153,336,825 and- contracts awarded
but not signed totaled $61,400,000.—V. 154, p. 1413.
•Y^-';'/-Backlog
of
Corp.—10-Cent Dividend—
has been declared on the $1 cumu¬
lative class A stock, no par value, on account of accumulations, pay¬
able Dec. 23 to holders of record Dec. 12.
A 1 ke amount was paid on
dividend of
A
3 Mos.
Aug.,'41
%■
sales
-
Overhead
Court Rejects Reorganization Plan—
Court of Appeals for the Seventh Circuit on Dec. 4
of the Federal District Court at Chicago approving"
plan and remanded the case back to the District
Court..''
'
v.--,"--' ■
■••■ -:■ >;.• %
The lower court was directed to set aside its order of approval and
turn
the case back to the Interstate Commerce Commission for; the
making of findings and, if necessary, the taking of additional evidence-in order that additional findings be made.
•, '
1
The' ba^is of
the Circuit Court's disapproval -of. the- plan is its
The U. S. Supreme
reorganization
_i—
-Gross profit
-
Administrative
expense-
Other expense
,
this issue on
10 cents per share
April 1, July 1 and Oct.
1, last, and on Dec. 30,
.'Profit-,
Other, income
$7,935
$9,295
$10,106
$27,336
58
204
161
423
$7,993
$9,499
$10,267
"$27,758
=%Equaj to, 30 cents a share on outstanding common /stock.
objection that there were no clear-cut findings ,or values, "which arei^
:Y Company is engaged in the manufacture of vital precision parts and
so essential to the intelligent approval of the plan."
The .opinion goes ' essential equipment for- airplane engines and airplanes.
The company
on
to say. that/V'our criticism is not directed to the-fact. that theY
owns the
E. H. Godfrey patented fully automatic controllable pitch
findings were embodied in-the Commission's report rather. than stated'. . constant speed propeller, designed to improve aviation travel.
specificailv as findings. But the fault lies in the fact that ,"we are
Arthur
W.
Brooksbank, Sr., formerly Treasurer and production
left uncertain or in the dark as to the finding of the Commission.
planner of Pratt & Whitney Aircraft Corp., is President, Director and
The evidence might support a finding of a larger or a smaller amount.
General Manager.
1
'/
5
'; '
?
Which should we-accept?
The fact-finding body is the ICC. It-must - •
The company is a New Jersev corporation and has plants at Dunellen,
find.
We cannot."r—V. 154, p. 1300.
N. J., and Somerville, N. J.
The latter and larger plant was recently
opened.s
Y; ■ ■ y
.' Chicago Pneumatic Tool Co.—50-Cent Common Div.—
Company manufactures aviation equipment for such companies as
Wright Aeronautical Co., Bendix Aviation Co., Sperry Gyroscope Co.,
3
directors have declared a dividend of 50 cents per share on
:
.
Net
profit, bef.
*
.
.
in
Crown Drug Co.—Record
'
The
i.
company
announces
1940, as
1940, and 25 cents per
November Sales—
1941—Month—1940
$778,699
$760,514
Period End. Nov. 30—
•
1941—2 Mos.—1940
$1,489,493
$1,480,118
that sales for November, 1941, were greater
November.—V, 154, p, 1003.
than any previous
Detroit Steel Products Co.—75-Cent Dividend—
taxes
,
15 cents on July 1 and Oct. 1,
preceding quarters.—V. 154, p. 1413.
compared with
share
Sales
■
the-
Aug. 31, 1941, and may not exceed a certain portion of
income, computed at 50% of annual income up to $500,000 and
of annual income in excess of that amount.- On ApriLl and Oct. 1-
sequent
Crown Cork International
of
per share. .V-. , .
revealed that under
agreement establishing a - three-year line. of $8,000,000'
into on Oct. 1, last, cash dividends
(except for 43% cents
;
Columbia Aircraft Products, Inc.—Earnings—
Total
Dividend
Orders
credit
the
'
'I
15.
Dec.
per
of
corre^spondin'g^ five weeks of 1940.—V. 154, p. 1146.;
declared on the common
8, July 15 and Oct.-24. last, as against 75 cents on . Dec. 23,
and $1 on Dec. 5, 1939.1, The current distribution will leave
Alden
the
ended Nov. 29, 1941, aggregated
$4,941,799 combined sales of the merged
have
cumulative
$1.75
record
bank
*
has been
of record Dec. 15.
This compares
and with 25 cents on July 1, 1930.—•
,
.
directors
the
on
1940,
elected
Evans
Vice-PTesident.—■'
1
holders
29 to
Credit Agreement—Backlog of Unfilled
—Bank
April
New 2nd
\"
cents per share
1413.
154, p.
of
one
*
35
Dec.
Consolidated Steel Corp., Ltd.—Accumulated
■■■
such
''
of
payable
stock,
with 20 cents paid on Dec. 28. last,
.
^
compared
Tnc., ;for the
St. Paul & Pacific Ry.—U. S..
..
Yj
stock, it was explained.
share of 5%%
a
authorized
Consolidated Retail Stores, Inc.—35-Cent. Dividend-^—
for- ther fiverweek. period
companies,
.
reversed the opinion
the
•
new
preferred
per
1940,
of Pairlawn-Radburn, JT.' J., has been
to.succeed the late John Yarrick.
Mr.
Secretary^
pV 948..*
^
^
Cost
Milwaukee,
this
which
shares of new $2.25 cumulative
'
Chicago,
for
to
system for the
kwh., compared
Colonial. Stores -Inc.^-Sales Higher^
6%. gold bonds, due July 1,:
1947,' have. been called for redemption as of Jan. 1;. 1942,\.at par,and;interest.
Payment will be made at the Continental Illinois National;
Bank & Trust Co., successor trustee, 231 South La Salle St.,', Chicago,y.
111.
$1
.
Vice-President
Assistant'
V. '-I42.v
x
of $588,000 of general mortgage
total
the
Consolidated Edison Co* of New York, Inc.—Output—
Cdrr-$iJ75i Extra Dividend—
declared
March 31,:. June
on
$6,428,319
A
with
war
with
be raised, and it
in proceeding with
is
the
to
Richard VB. -YEvans
was;
..........
&,Illinois\Westerii KR^BondS
proceed
in
revisions
possible
the
of
news
we
entered
A
Chicago
Co.—Financial And Ex¬
Power
&
was
warrant,
The
'
with
•
of
dividend
a
April' 5, 1940.—V. 152, p. 2063.
Dec. -9
on:
addition
in
Second
stock,
'
two
L.
Campbell,
President, announced following
the meeting.
meeting was adjourned to Dec. 18. 1941, to consider, should con¬
that
Dividend—
Colonial Life^ Insurance Co. of America
^
*/
.
way
arrearages
been declared on the*.,
to. holders of; recorder
this issueMarch. 27, ■?.'
Weather"Strip
ii*Chamb$rlin'
20 to holders of record Nov. 29. Y
20, June 18 and Sept. 25, last,
cents last year, :
Dec. 5, 1940.—
cents for 1941, as against 18
cents having been distributed on
16
Connecticut Light
The
Dec. 27 to holders of record Dec. 20.
This
paid on April 21, last, 40 cents on Dec. 28,
cents
last;'
•
of
March
on
pany.—V. 154, p. 1052.
of $1.50 on
Dec. 27*. 4940, and extras.of 25 cents each March 30, June 29 and Sept.
30, *940.—V-. 154, p. 242.*
.
»
'
this
J:' A special dividend, of .,10. cents per share has
commonw'stock, no .par value,- payable Dec."« 16
Nov* -18.;-
-<)
Yv-. Y
regular quarterly dividend of 25 cents peri
share on the common-stock, no par value, both payable Dec. 29 to
holders of record Dec. 49i - Extras of 25 cents per share" were paid on
share
;
Chapman's Ice, (^rearn .Co.4rSpeciaJ
The
.
"
•
of
paid
was
total
a
extra
an
also paid on this
Coleman Lanjjj^& Stoye
■u
$3;95l229 $3.669^462 >O
depreciation tif $499,673 in 1941-ahd $393,759 in Y
1940.'—V.''154,')>'•'"795V'''?• "'"."''""""VY
75
'1940, and-60 cents, on
5
;
with
compares
<
^2,888.690
•<■
was
payable
stock,
common
1,381/
have
directors
The
'518 :•
li534
;
amount
Cohn & Rosenbergery Inc.—$1
";::• ,y'752
on
making
dividend of four cents per share,
Canadian funds on Dec.
in
amount
389
iV
;0
Deferred' credits
has been
a dividend of $1.50 per share on the
payable Dec. 3 to holders-of record
issue 011 Sept. 25, last,
as
compared with $1 per share on April 5 and June 20, 1941, $2.50
on
Dec. 27, 1940, $1.50 cn. Oct. 5. 1940, and $1 on July 6, 1940.
The
previous payment was $2 made on Dec. 21, 1939.—V. 154, p. 1003.
:
9,8.77
374
and
■
like
A
recently declared a
directors
payable
stock,
preferred
A like
26.
Nov,
5,242 :,
''"'v ?643.
.
'
1,028
;.J
Estimated "shipping expenses on sugar
•, lasses
sold-,
■
48,795
V
: Accrued*. *a
Unclaimed
-*
Coniaurum Mines Ltd.—Four-Cent Dividend—
The
declared
directors recently
cumulative
$5
-•"$43,093
v
served for the week ended Dec. 4, 1941, amounted to 199,compared with 181,714,868 for the corresponding week in
increase of 17,675,539, or 9.73%.—V. 154, p. 1376.
as
an
national
$3,669,462
.
1940,
shortly 336,088 shares of new preferred
shares necessary for exchange purpose*;
A regis¬
tration- statement is being prepared and negotiations are under way
for the underwriting of the shares to be sold publicly.
YYyYy*
Stockholders also voted to limit the total amount of preferred stock
(no par) to 600,000 shares with an aggregate stated value of not to
exceed $30,000,000.
Rights, qualifications and restrictions of the $2.25
and $2 shares to be issued were also voted upon, subject to possible
revision before issuance.
1-yy;
Y' YYy'A
New funds provided for the company from the proposed financing,
will be used
to
construct two additional 45,000-kilowatt generating
units at the Devon plant for transmission and distribution facilities
and C. F.
as
*••.«
'•
weekly kilowatt hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of
390,405,
The
Cleveland-Cliffs Iron Co;—$1.50 Preferred Dividend—
;
$1,569
Memphis
at
now
V'•■■»!.-'V'v. •■>:-.
The
Liabilities—
Secured "bank loans/etc.__
is
manager,
this
and
W. E. Curtiss. former Houston
station manager,
BouqUet is station manager for Chicago.—V. 154, p. 1261.
station
42,120! " .,f-. 38,008
$3,952,229
—
v
The
of
territory
stock,
Operations Department of Chicago & Southern announces the
appointments as station managers:
F. C. Huegel, St. Louis;
transferred from Shreveport to Houston;
900
2,867,021
•Property, plant and equipment-ivi---^-vJiiuv
Prepaid expenses and other deferred charges;?*-Y
Manager,
Threlkeld, Shreveport; R. J. Urquhart, station manager,
L.
•
present 5%%
shares not exchanged for new stock.
Proceeds from
this public sale will be used for expansion and to cover the cost of
redeeming unexchanged old shares on March 1st.
w.y -Yy:->.:'YY;YY;.'
As
following
2,500
1,000
receivable**;
629.
Room
Manager.
R.
Dividend—
declared on the stock,
share has been
Commonwealth & Southern Corp.—Weekly Output—
Stockholders
at Houston* tinder the
The
-'50,862.
per
200,000 shares of $2 cumulative preferred
additional number of these
shares
equal
Forrest J. Campbell
r
*;
1,957
$2
payable Dec. 20 to holders of record Dec. 10.-—V. 152, p. 2547.
quarterly dividend on
Clinc, District Sales Manager.
has been named City Sales Manager for C. & S.
supervision of William C. Burks, District Sales
T.'
B.
14.900
v-
6.216
oti' -hantf-cii^-^-
Materials .&
2,780
5,187
the
dividend of
initial
period
V During'-the
in
1376.
p.
Combustion Engineering Co., Inc.—Initial
An
$2.75
James L. McEvoy,. District
sonnel
62,100
•
in the Book-Cadillac Hotel,
located
be
154,
5V2%
Mr. Gillen will -be under the supervision of
Sales Manager of Chicago.
latter, part of October important changes in sales* per¬
at St. Louis and Houston were made.
James Skinner, salesman
St. Louis office, has been named City Sales Manager under
Sales
City
$51,375
6,659
,
2,971=
63,268
Teeeivable .—
on
I
1940
-
will
office
The
<*
1,849
Balance; receivable for-iugar
Molasses
>,
$526,537
,
,
Accounts
Sugar
.1941
V
depositsdeposits
:_v_i
Participation certificates.
Special
Margin
;
'
if: Consolidated - Balance /Sheet- Beptr 30-
.
—V.
;;;
preferred stock, Mr. Campbell said.
On March 1, 1942, all shares of
the present preferred stock not surrendered for exchange will be called
for redemption at $112 per share, plus the quarterly dividend due on
that date.
y>;yK'-myy;,;
In lieu of the dividend for the quarter ending Feb. 28, 1942, on the
,
■
160,361,000
exchange each share now held for two
against
"
,,
15
•
is believed that it will not create any
difficulties
the plan, Mr. Campbell declared. • r::
Under terms of the plan approved, holders of the outstanding 68,044
shares of 5%%
preferred stock will be given the opportunity to
4
the year
8.4
Nov.:
money
Changes" in Personnel,—
**$12,205
Ray E. Stamps, District Sales Manager, has been .transferred from
70,755 Memphis to New Orleans.
He succeeds Lloyd J. Zibilich.
John J.
"Including unsold .sugar and molasses at estimated realizable /value.
Shad, who has been, transferred from Chicago to Memphis, will succeed
(Including sales value of sugar subsequently sold, • and,' unsdld • sugar.• at.-:-%i
Mr.
Stamps.
'
"
estimated realizable-value.
*Discount oh' purchase of Central Violeta
•John G;-Hughes has been promoted to City Sales Manager at Jack¬
Sugar Co., S. A.; 8 % collateral trust 'bonds. -^Includes sales value of v
sugar 'sold to Dec. 10, .1939,
.HIncludes $48,900 profit, ton exchange of
1 son, Miss., and will be under the supervision of Burrell Weber, District
Sales Manager of the Jackson and Shreveport offices.
United States dollars into Cuban currency.
'"Includes sales value of ;
;
The corporation also announces the opening of its first Eastern office
sugar sold to Nov. 26r,1940. rttlncludes D.'B, Income tax. - tfLoss.
5
at Detroit.
William R. Gillen has been named City Sales Manager.
for
paid
'Net Ihc.
Dividend
8.8
150,186,000
ditions
:
,
,
6.1
147,933,000
22—
The
131.224 revenue,
1941,
miles in November,
passenger
1,421,412. in November,
9.2
138,017,000
Nov..
Charles
and flew 50,650,066 revenue
past five years
the
■■■•''% Inc.
1940
152,012,000
ing at Hartford, approved proposed steps looking to substantial expan¬
sion of facilities and retirement of the outstanding preferred stock,
The total number of revenue passengers, carried in November, 1941,
shows an.increase of 31.1.1% over November, 1940.
Chicago & Southern
--
;
151,555,000
161,255,000
cleared Dec. 8 for a large-scale financing program to
be undertaken by the company when stockholders, at a special meet¬
.
'
:v
165,469,000
•
The
■.
.
the airline
—_
Nov.
>
carried 56,7,40 revenue passengers as
of
1941
■
6
Dec.
pansion Program Approved—To Retire Preferred Stock—
.
i, During-the, 11 months from. Jan. 1 to Nov. 30, 1941, the company
against 39,325 for the same period ;
3*018-
*11300
;;
i ?,v(.V
*
V. 154, p. 956.
tip 31.11 % ;
of
months
11
;
-
that Chicago & Southern carried 44.3%
Dec. 3
on
966,040 revenue passenger miles.
$103,291'
;
$263,458
-
•-<.
38,978
•
-7 - 40,788
'
Total
""'"119
*"
Week Ended
and Houston
Shreveport
between
—Kilowatt Hour Output—
'
pared-with, the same, period-of 1840,
>
Yin- making this, statement, D. D. Walker, Vice-President and General
Sales Manager, .commented that Chicago & Southern flew 21,462,517
revenue passenger miles during the first 11 months of 1941, an increase
of .43.41 'k over, the. same period of 1940, when the airline flew 14,-
<cv;
$62,813
*$13,422
57,463
37, 000
•'
announced
was
more
exchge;
-'i-A-j
feeder lines
via
service
Revenue Passengers Carried in: November
It
'
differehceS'
Air
division.
will include Marshall, Jacksonville and Lufkin, Texas.-
8,736 1
312
'
tod. int.-'
on-
Pfcov.'
bond*!}--—
on
-19,629
.
17,279
16,217
disc
& other
&
audit.
-
Southern Air Lines, Inc.—To Expand-
&
north and south passenger, mail and express
New Orleans and Houston, via St. Louis,":
Memphis, Jackson and Shreveport, the corporation on Dec. 4 announced U
elaborate plans to establish feeder airline service to 36 cities in six
States located along its route,"'.'.,0 •.■ ".:7v.
■■
The application filed with the Civil Aeronautics Board requests permission to establish service on both sides of the presently operated
routes 8 and 53.
The Chicago to St. Louis feeder service
(western .
division) will serve La Salle, Peoria, Springfield and Jacksonville, 111.
The Chicago to St. Louis service (eastern division)
will establish air .
service
to Pontiac,
Bloomington, Decatur and Springfield, 111.
The
St.
Louis
to Memphis
(western division) will serve Flat River and
Poplar Bluff, Mo., and Paragould and Jonesboro, Ark.
The eastern
division
of
the
St.
Louis-Memphis feeder
line will
include Cape
Girardeau and Sikeston, Mo.; Cairo, 111., and Blythevllle, Ark.
The Memphis to Jackson feeder service will provide daily service for
passenger, mail, and;:express to Helena, Ark.; Clarksdale, Greenwood
and Yazoo City, Miss.
The Jackson to New Orleans (western division)
of the proposed feeder line will serve Vicksburg and Natchez, Miss.,
and
Hammond, La.
The eastern division will include Laurel and
Hattiesburg, Mies;, and Bogalusa, La.
To supplement the corporation's new route Memphis-Houston, feeder \
lines
will serve Little Rock and Hot Springs, Ark., and Texarkana, y
Texas, on the western division between Memphis and Shreveport and v
Helena, .Stuttgart, ^Plne Bluff and El Dorado, Ark., on the eastern -
com¬
stock,
Chicago
To augment its regular
service
between Chicago,
recently declared on the com¬
dividend of 15 cents per share wa's
-A
mon
i
[[fjfty#,
Dividend—
Catalin Corp. of America—15-Cent
;
A dividend of 75 cents per share has been declared on the com¬
stock, payable Dec. 22 to holders of record Dec. 13.
This com-.
mon
with 50 cents per share paid on Oct. 10. last, and 25 cents per
share on April 10. July 10 and Sept. 10, last.
Total dividends for 1941
will amount to $2 per share, the same as paid during 1940.—V. 154,
pares
p.
428.
it
,
East Kootenay Power Co., Ltd.—Earnings—
1941—Month—1940
Period End. Oct. 31—
earnings
Gross
*
1941—7 Mos.—1940
$59,398
$50,885
$400,475
$360,34*
20,933
16,302
133,822
120,089
.
omm'on stock, payable Jan. 2 to holders
nt was paid on Oct. 1.
last, while on
.-f
«1
was
payment of $1 was
mnrie.—V;
made
154,
p. 1261.
of record Dec. 17. A like.? "
April 1, 1941, an initial
;>
-ri
Air
—V.
Associates,
154,
p.
Glenn
652.
•
Martin
L.
1
'
-
.
.
Co.
•
-,/
and Curtiss-Wright
•
-
Propeller Co.
.
*
Operating expenses
$34,583
$266,653
$240,254
Note—Operating expenses for October and for the seven months to
Oct. 31 do not include income and excess profit taxes.—V. 154, p. 1052.
Net
earnings
_______
$38,465
Commonwealth Edison Co.—Weekly Output—
.
Chica go
Rivet & Machine Co
!^-Cent Dividend-
share was recently declared on; the; <
common
15 to holders of record Nov, 25. A like
amount was paid on Sept.
15. last, as compared with 25 cents in I
preceding quarters.—V. 153, p. 1125.
•%_•»*;••••?■.
■ :.A
of 12% cents
stock, payable Dec.
dividend
per
of the Commonwealth Edison group of
other electric utilities, showed a 9.2%
increase
over
the corresponding period of
1940.
Following are the
kilowatt hour output totals of the past four weeks and percentage
comparisons with last year;
y
Eaton & Howard Balanced Fund—Extra Dividend—
Last 'Week's electricity output
companies,
excluding
sales to
The trustees
and
the
capital
Dec.
15.
have
regular
stock,
An
declared
an
extra dividend of five cents per share
quarterly dividend of 20 cents per share on the
$1, both payable Dec. 24 to holders of record
of like amount was paid on Dec. 24, 1940.
par
extra
THE COMMERCIAL & FINANCIAL CHRONICLE
1492
for
dividends
Total
will
1941
amount
to
85
cents
Sales to Dealers
the
share,
per
'1941
-
,
218,578
208,214
226,592
January
'V
February
Eaton & Howard Stock Fund—Extra Dividend—
dividend
An" extra
W
of
dividend
stock,
amount
dividends
Total
same
American
to
1940.
50
cents
1941,
4,
the
Services,
during 1940 were as follows:
share,
the
Inc.,
which
Power
and
&
Power
Power
Light Corp
Light Co.—
&
71,676
72,596
34,752
fund
for
October
162,543
207,934
129,821
16,469
92,890
November
153,904
198,064
180,133
159,573
accrued
204,473
188,839
150,005
coupons.
1,364,426
935,163
1,860,354
January
amount
50
cents
cents
last.
in
14.3
May
265,750
165,820
129,053
92,593
June
The
17.4
235,817
195,475
173,212
124,618
76,071
common
145,064
102,031
84,969
100,732
76,120
64,925
52,829
97,527
40,796
103.854
186,016
56,789
110,471
126,281
181,421
162,881
131,387
174,610
156,008
118,888
67,734
9,668
89,456
15,586
accumulations
of
account
payable Dec.
made
and
■
24
and Oct.
29
June
6%
July
August
September
_
November
_
December
com¬
_
and
last,
31,
Dec.
of
$1.50
Total
Total
1,827,241
Sales
of
Manufacture
share
per
15.
General
United
Motors
States
against
as
to
$3
Apr.l
on
amount
to
February
March
21,
1941, '
April
$31.50
per
June
Fidelity & Deposit Co. of Maryland—Extra Dividend—
-The
directors
Dec.
17.
July
31
of $1
An
Dec.
share
per
Total
in
made
was
Oct.
will
31
paid
of
$1
July 31,
of
last,
November
record
December
and
to
$6
share,
per
the
'
same
t
.
of
The
directors
of
15
Oct.
paid
cents
30,
year-end
a
Pb'lfD
1,
last.
Total
H.
dividend
dividend
'
1
of
"
Feb.
the
of
in
40
cents
-
per
Quarterly distri¬
30, Aug. 1
1,
the
April
1940
year
been
to
director.—V.
a
84,885
73,159
41,933
19,566
108,163
226,169
217,406
200,071
185,852
223,611
207,637
172,669
1,542,776
152,
1,108,007
Sales
$460,729
__
—V.
i':,
.
*
?
Florsheim Shoe
,
•The
directors
>• i
•:'*
\
$416,982
{
;
,
$4,398,219
$3,918,489
have
declared
dividend
a
of
50
class
A
common
stock
the
class
B
common
stock, both payable Jan.
Dec.
17.
Like
ing July 1,
! An
of
of
•
/
per
per
holders
class
Lee
on
$1,250,000.
on
volume
record
stock
B
and one
the
on
Oct.
on
of
12Va
class
A
stock
1939, and
per share
27,
cents
and
of
one
of
one
25
the class B
on
25
cents
on
stock
30, 1941.—V. 154, p. 694.
of
care
See
"Chronicle,V Dec. 11,
1453.—V.
p.
dividend
A
stock,
50
on
1939.
and
to
has
holders
on
Aug.
all
1940,
25
cents
declared
record
10
March
on
10
Dec.
cents
15,
cents
has
is
purchasing
cities,—V.
<
The
154,
the
preferred
5> This
compares
oh-
1940,
14,
$1
1941,
50
Dec.
on
1939.—V.
regular
declared
,
Dec.
in
The
•
directors
the
share
the
on
record
1941,
$1
June
15.
dividend
a
usual
stock,
12.'
of
business
defense
50
of
50
cents
Feb.
154,
on
June
14,
1940,
75
cents
on
March
on
?
:
15,
1940,
and
25
the
on
cents
every
against 20 cents
Total
the
stock,
The
of
15
holders
to
this
issue
cents
of
in previous quarters.
1941 will amount to 70 cents
share
per
record
Sept.
on
Dec.
30,
1,
last,
when
for
the
on
Dec.
on
10
declared
the
regular
make
during
discon¬
change-over
from
200
over
total of
a
of
of
period,
firms
in
Co.—Regular Dividend
25
cents
payable
$2
50
Jan.
was
1941,
paid
as
30.—V.
154,
|
$46,600
1941
$26,742
each
on
March
28.
recently declared a dividend of 75 cents per share on
stock, no par value, payable Dec, 15 to holders of record
March
cents
Distributions
15,
June
Sept.
on
quarters.—V.
of
and
16
16,
152,
25
Sept.
1940.
and
cents
15,
10
each
made
were
last;
40
cents
cents
in
each
this
on
Dec.
on
of
the
16,
two
Issue
on
1940;
15
preceding
Oct.
on
no
20
value,
par
j
and
June
per
share
was
payable Dec.
with 40
compares
21,
$1,057,333
•
•
1591.
p.
Motors
debentures,
holder
largest
20
recently declared
company on
Car
Sales
The
—
Dec. 8 released the following statement:
"
November
States
pared
and
with
179.120.
sales
of
Canada,
217,406
Sale*
for
General
Motors
in
November
the
first
11
compared
were
dealers
with
162.543.
compared
with
in
the
198,064
Sales
for
1,655,881
Sales to consumers in
compared
Were
with
103,854.
181,421
United
in
the
a
year
in
the
United
outstanding
due
of
States
November
first
for the
11
a
November
totaled
year
months
11
same
the United States
in
1941
11 months of 1940.
a
1941
totaled
of
series
July 20,
on
were
com¬
in
to
holders
1940,
and
organized for the
Varec
A.
'
Sales
of
in
totaled
1940.
October
1,946,530,
issues
on
stocks
will
v-y'r
;•
dividend
of
$1
dividend
annual
an
preferred
share
per
stock,
no
of
$1,50
per
value,
par
.
the
on
both
>
the
on
common
dividend of
a
Jan.
2
holders
to
issue
April
on
share
per
'
1,
'
eents. per share
record
July
9,
v. ',
..
and
4
,
1
like
A
Oct.
Aug.
the
on-
20.
Dec.
1
March
on
'«•
■
12
of
21,
1,
last,
and
Dec.
-
v
,
declared
a
participating dividend of $0.0244 per
regular quarterly dividend of 31'/4 cents per
participating preferred stock, no par value, both
the
$1.25
to holders of record Dec. 20.
Like amounts were paid
1 and Oct. 1, last.Total payments made on the'
participating preferred stock in 1940 amounted to $1.3964 per share.—
V. 154, p. 244.
21,
Greyhound Corp.—Extra Dividend Of 25-Cents—
The directors have declared
the
regular
common
extra
stock,
of
20
extra
an
dividend of
25 cents
cents
paid
was
this
on
issue
Dec.
on
Dec. 21, 1939.—V.
on
last
26,
share
per
quarterly dividend of 25 oents per share
payable Dec. 29 to holders of record Dec.
on
the
19.
An
year,
as
both
aga4nst an extra of 50 cents
153, p. 1131.
'
'
-
Gulf, Mobile & Ohio, RU.r-Initial Preferred Dividend—•>:
-An
initial dividend of-$2;50 per share has been declared
stock, no par value, payable Dec, 27 to holders
19,—V.
154,
1378.
p.
the $5*
on
of
record
'
'
Haloid Co.—25-Cerit Dividend—,
•
The directors recently declared a dividend of 25 cents
per share
common stock,
payable Dec. 31 to holders of record Dec. 16.
ori"
the
With
this
payment total dividends
$1 per share; the
M in
same
for
the
V;-
r
will amount to .?
1941
year
1940.—V7 T52, p. 829,
*
Hamiltoh Watch C(k^50-Ceht Dividend—
:
The directors have declared
common
stock,
Dec.
Distributions
5.
March
V.
record
of
12'/2
cents on
extension
of
of
maturity
Company,
its
efforts
however,
the
of
X
V/%%
paid
interest
to
effect its voluntary plan
debentures.
These efforts did not
the
Federal
Bankruptcy
Act.
Charles
Business is
Seligson
now
-
D.
S.
Leldesdorf
&
reflecting
of
the
to
make
an
audit
and
review
of
The
in
inquiry, is expected to be ready in about a month.
Nov. 28,
1941, the committee at its request received authority
the court to participate in the proceedings as a protective com¬
On
from
the
for
the
indenture
holders
the
of
Trust
of
trust
4V2%
has
Co.
under
convertible
resigned
which
the
as
debentures, series Ar
indenture trustee under
debentures
indenture
The
trustee
Manufacturers
'reduced
to
trustee.
/
Trust
the
committee
secured
Co.
by
that
accounts
the
indebtedness
receivable
has
to
March
The
directors have declared
a
dividend
payable
holders
on
Dec.
record
of
Quarterly
this issue
of
up
$1
28
and
the
Dec., 18.
distributions
an
share
per
in
cents
each
of
the
three
of
record-
this
on
50
Issue
cents
•
on
preceding quarters—■
declared
dividend
extra
an
of
35
cents
share
per
to
30,
June
29
and
Sept. 30,
1940.—V.
Franklin Everett Potter And LeonArd
this
have each been made
company,
C.
134,
-
581.
p.
;
Peterson, formerly Secretaries'
Vice-President and Secretary,
v
Taylor,
George Ellsworth Stroub, T. Morgan Williams
all formerly Assistant Secretaries, have been named
and Felix Hargrett,
Secretaries.
David
and
Harold
Fleet,
New
of
of
National
Insurance
made
•
Co.,
Liberty
both
Insurance
companies'
of
Co.
The
Secretary of The Home Insurance
a
~
compensation
for
salaries
$7,500,
considered
be
effective
least
at
company
and
$5,000
the
Secretary
American
been
<
Co.
-
,
Pay Additional Compensation to Employees—
10fb
will
Moore.
has
York.
this
from
1
•
Baltimore
of
Home
Oct.
1,
it
an
to
all
six
under
full-time
months
$1,200
will
down
announced
was
on
employees
be
to
paid
47o
Dec,
8..
in
at
for
This
service!
the
rates
salaries
ranging 1
between-'v
compensation
and separate salary payable monthly,
extending through the close of 1942, when
emergency
1941,
and
subject will again be reviewed,'according to the announcement.
Prior
this
to
several
officers
action,
months
seriously
and
directors
considered
the
of
the
company
upward
trend
housing, food and clothing, the announcement said.
A list, of actual compensations to be
paid, follows:
in
the
had
'
C
for
cost
of "
.
Salaries
$1,200
and under^i.a..
10%
additional
compensation
"
$1,200—$1,800
8%
"
1,800— 2,500
6%
"
"
2,500— 5,000
5%
"
"
"
E
:
4
-
"
5,000— 7,500
—Vt 153, p. 39T; V* 152, p.„ 3810;-
of
Sound
Howe
4%
"
,
-
,
'J".
$1
•
Dividend, Etc.—
dividend of 50 cents per share
the class A stock, the extra being
dividend on Jan. 1, both payable to
the
stock,
cents
V.
regular
both
like
of
154,
on
The
Dec.
half
on
30
and
Of
dividend of
of
holders
like
75-Cents—
on
the
common
of record Dec. 16.
An extra
Dec,. 23, last year, as compared with 50
Dec. 23, 1939, and on Dec. 23. 1938.—
Trustees
Dec:
;
to and including Oct. 1,
per
share
1941.—V.
had
151,
p.
been
2044."
made
on
<
10
declared a
regular quarterly
per share, payable Dec. 20 to holders of
recorcl
quarterly dividends of like amount have' been paid
1941, and, in addition, an extra distribution of oneon
1940 and
was
net
as
made
assets
of
the
on
of
Dec.
20,
Income
close
of
1940.
v,.,/V
Foundation
business
per share as
Dec.
Fund
10,
?
amounted
and
to
its- shares
J
$1 402 -'
ha»d
'a
of such time.—V. 151, p. 3891.
Indianapolis Railways, Inc.—Initial Common Dividend
'The
on
the
tion
is
in
.
cents
Regular
liquidating value of $1.16
Tbis
'
Assets
extra
cents
>
share;
75 cents per
amount
'
of
IV*
of
cent
Total
to
23
paid
extra
Foundation Fund, Inc.—Dividend—Net
Board
10.
Dec.
was
Sept.
an
dividend
694.
p.
dividend
quarterly
payable
amount
extra
Income
on
v.
50
Co.—Extra Distribution
The directors have declared
and
during
been
$100,000, from $125,000.—V. 154, p. 542.
Godchaux Sugars, Inc.—Extra Class A
•
holders
made
common
354.11
and
directors have
addition
■■
informed
has
to
15
were
•;,-V:^
(The) Home Insurance CoVI of New TTork^Offidals
Promoted—
,
are
outstanding.
Steps have been taken for the appointment, with court approval, of
Continental Bank & Trust Co., 30 Broad St., New York City, as sue-.
cessor
Dec.
share
per
and -Sept.-15,.'last,-.as-.against
16
and 25
payable
cents
the regular quarterly dividend of 10 cents
per share on
stock, both payable'Dec? 26 to holders of record Dec. 16.
Extras of five cents each were paid on March
20, June 30 and Sept. 30,
last, one of 40 cents on Dec. 26, 1940, and extras of five cents each
certain
This work is presently going on and a report,
the company and indicating further lines
of
condition
25
the appointment by the trustee of the firm
Co,
affairs of the company.
of
154, p. 1264.
was
Andrew E. Nelson, a Director and
appointed as additional operating
being operated by the trustees, under court
*
1940.
Additional
of
Corp., Ltd., the
following to act as a
the
June
dividend of 50 cents per share on the''
a
value,
par
>
'
(Walter E.) Heller & Co.—35-Cent Extra Dividend—
To
holders
no
15,
Herbert
Investment
asked
debentures.
continued
and
supervision.
October
126,281 in November,
1941
the
to
July
1
1,950,359,
1940.
and
cents
,
also
2
of
debentures,
Gobel
$1,086,000
that date
on
Trustee.
November,
totaled
of
ago.
montns
in
Sales
ago.
of
Sales for the first 11 months of
compared with 1,652,631 for the same 11
153,904
months
year
:
:
„
on
appointed by the court as trustee.President of the debtor,
has been
com¬
Sales in October
totaled 2,135,645,
ago.
months of
same
'
to
trucks
including export shipments, totaled
171,412,
pared with 1,801,732 for the
Sales
and
cars
value,
this
24
addition
April
of
on
Javits, Counsel, 165 Broadway, New York, N. Y., and Allan B. Salinger,'
Secretary, Room 2130, 15 Church St., New York, N. Y,
On May 1, 1941, company was unable to meet the
maturity of the
mittee
Corp.—November
these
on
preferred
,
cents paid on Sept. 20, last, 25 cents
last, 50 cents on Dec. 20. 1940, 37V2
20,
1940, 25 cents
protective committee has been
Manufacturers
General
the
on
153, p. 1275.
convertible
on
on
(Adolf) Gobel, Inc.—Protective Committee—
of
directors
common
Nov.
share
per
;•
1940
$1,438,772
,
The court has authorized
General Fire Extinguisher Co.—75-Cent Dividend—
The
made
were
accruals
a
par
with
directors
share
on
Jan. 1 to Nov. 30
1940
culminate successfully and the company filed a petition for relief under-
'
cents
last.
declared
payable
paid
payable Jan.
the
Chapter
has paid 45 cents per share on the common stock in 1941,
according to President George L. Morrison, will be in excess
of anticipated earnings for this
year.
Regular quarterly distributions on the common stock of 15 cents
per
share were made on April 1, July 1 and Oct.
1, last.—V. 154, p. 796.
154,
been
which,
-
stock,
in
record
company
the
The
against $1.50
Dec.
on
of
protective committee for the holders of debentures: Charles R. Steven¬
son,
Chairman; John B. Boucher and Hamilton Pell with Javits
per
share on the $8 preferred stock, no par
27 to holders of record Dec. 20, but deferred action on the common
dividend
until
first
quarter earnings
of 1942 are
available.
The
Dec.
has
holders
to
for the year
cents
share
per
2
'
stock,
This
convertible
common
dividend
value, payable
$1.50
was
share
this
Taking
the
necessary
the
materials
1941
common
A
quarterly
$2
75
29
compared
on
stock,
special
a
28.
A
as
Baking Co.—No Action On Common Div.—
directors
than
that
V:
plant
and
''-i
Nov.
on
compared with 80 cents paid in 1940.—V. 154, p. 581.
as
General
*.
of
dividend
31
on
more
emergency.
April 20, 1940.—V. 153, p. 1275.
share
per
payments
made
was
the
20, 1940.
,
year-end dividend of 80 cents
the
2,
Gatineau Power Co.—15-Cent Common Dividend—
distribution
bring
Glen Alden Coal Co.—80-Cent Year-End Dividend—
A
cents
similar
as
.
;
/ The directors have declared a
the common stock, payable Dec,
to
will
believe
to
reason
during
would
dividend
common
Operating revenues (est.)
-f-V. 154, p. 1414.
com¬
Jan.
on
of
,
which
products
schedule.
Georgia & Florida RR,—Earnings—
of
cents
cents
common
per
made
430.
p.
share
per
also
50
of
20,
15, last, as compared with 25
15, 1941, 50 cents on Sept. 16,
was
General
1148.
Period—.
cents
the
on
18.—V.
Greenwich Gas Co.—Dividends—
.
was
the
parts
p.
This makes
1940,
154,
quarterly dividend of $1,50
payable Dec. 15 to holders
both
distribution of
A
1940,
1940.—V.
the
Sept.
on
on
declared
and
preferred
5.
Dec.
stock
mon
recently
stock,
common
be
work.
at
quarterly
the
on
1263.- * '■
p,
.
Gamewell Co~—50-Cent Common Dividend—
/
will
of
ahead
Week Ended Nov. 30
on
defense
Division
well
are
additional
he added,
risen
have
no
on
Dec,. 16,
April 1,
on
national
Products
General Water, Gas & Electric
March
on
of
continue
non-defense
dividend
a
share
per
1,
payment,
The directors, have declared
•
Capacity For
to Mr. Lee.
Number of workers totaled 1,715 in January,
currently they total 2,700, and at the peak of defense produc¬
tion the plant will employ about 3,000 people.
Indirectly It will giveemployment to several thousand more in plants of suppliers.
Rochester
154, p. 1377.
been
of
last,
8,
initial distribution of
an
.
28,
share
per
19
paid
Dec.
1148.
$1.50
Dec.
cents
cents
R.
of
payable
with
requirements,
of
Dec.
according
100
Fruit of the Loom, Inc.—$1.50 Pref. Dividend—
•5
Cr
receipt
would
share
per
record
154,>. 582.
1941;
Food Machinery Corp.—Registers With SEC—
<
business
its
tinuance
Products
;
for
equipment
monthly output
said that there
He
of
cents
50
of
to holders of record Dec. 23.
initial distribution of 50 cents per share was made
Stock on Dec. 30, 1940; none since.—-V.
and
Rochester
electrical
announced
of
An
production is
aircraft
division's
share
paid each quarter since and includ¬
paid
was
share
preferred
and
share
of
the
L,
defense
cents
31
stock,
payable Dec.
Dec.
tank
Mr,
cents
to
Thomas
V
dividend
a
declared
and Oct.
Dec.
directors
of
the
cents
25
2
Increases
production
the
by
per
v;'
Division
cent
January
Employment
cents
50
the class A stock
Oct.
dividend
a
have been
amounts
the
on
and
of
as
in
Defense Productionper
$1.75
Greenfield Tap & Die Corp.—$1 Common Dividend—
taking just a year to effect, Mr. Lee
said.
Furthermore, the shift is being accomplished without any gen¬
eral stoppage of work and without any major
lay-offs.
At the present
time 75% of the plant is devoted to defense production, and deliveries
1939.
extra
cents
X 1 ;:i\- "<■
\
{•
Co.—Regular Dividends—
the
on
1941—11 Mos.—1940
vJ.' $\;
a
Navy
Beginning Jan. 1 he will head up
Section of the Bureau of Aeronautics,
'
in
all-out
to
154, p. 1053.
,1,
v
States
Commander
Lee, General Manager, announced on Dec. 9.
The change-over from manufacture of automotive electrical
products
(M. H.) Fishman Co., inc.—November Sales Up 10.5%—
'
United
1937.
Products
hundred
one
attained
1941—Month—1940
since
the
Lieutenant
a
of
15, May 15, Aug. 15 and Nov. 15,
stock will amount to $12.25
on
the
$3 cumulative preferred
stock,
both payable Dec. 31 to holders of record Dec. 20."
25
3
the
139,694
171,412
of
per share to wipe
preferred stock, payable,
accumulations
of
1, July
After
The
179,120
Engineering
Rochester
60
.
Period Ended Nov. 30—
April
recently
of
class B,
Distributions
common
84,327
12,113
53,072
144,350
been
$5.25
Distributions
payable Dec. 30 to holders
directors
89,392
91,934
85,855
24,019
service
on Feb.
declared
also
stock,
account
77,929
124,692
has
Navy.
Motors,
•
The
on
133,511
161,057
142,002
128,453
89,300
active
Mooney
Reserve
Production
U. s.
into
Mr.
Naval
National
elected
p. 2395.
ordered
1942.
15.
?
also
was
amounted
1940
1,
S.
U.
'
'
has
Boston
on
for
made
payments
<"
Theopold
made
were
year-end
A
share,
per
share
per
last.
Feb.
on
cents
declared
payable Dec. 29 to holders of record Dec. 20.
share,
butions
and
have
been
Jan.
Dec.
amount to $8.75 per share.—V.
James D. Mooney, Vice-President and a director of General
Motors,
has
Fidelity Fund, Inc.—Year-End Div.—New Director—
of
cumulative
7%
record
this issue
on
dividend
a
the
on
1938
Mr. Mooney Ordered Into Active Service of the U. S.
Navy—
P
declared
of
Great Lakes Paper Co., Ltd.—-Accumulated Divs.—
76,665
2,025,343
1
:
958.
p.
Dealers
29,268
Total
as
>V
u
as
amount
last.
31,
'
to
/
193,522
196,747
1938.—V. 154, p.
payments on the preferred
against $7 in 1940.
directors
1939
167,310
110,659
__
Sources
on
distribution
quarterly
1941,
136,489
185,548
October
on
share
per
holders
to
on
regular
last
amount
863.
p.
Dec.
was
The
on
1941
for
154,
payable
amount
1940.
31,
payments
1940.—V.
like
dividend
extra
an
$20,
par
of
extra
and
declared
have
stock,
common
made
Total
1940
240,748
224,517
Jury
August
September
1,001,770
All
have
holders
to
were
181,088
174,572
255,887
235,679
„
from
Factories—Sales
Shipment
226,609
247,683
_.
-----
the
share
68,896
1,364,761
Trucks
"
235,422
May
said
and
Canadian
Export
January
1940.
26,
•Arrearages on
Nov, 1,
1941, was
share on this issue.—V. 154, p. 796.
Cars
and
1941
on
preferred
stock,
similar payment was
A
78,758
30
class A and
cumulative
holders of record Dec.
to
21
July
on
on
the
on
dividend
a
directors
103,534
77,402
on
Off All Arrearages On Preferred Stock—50-
all accumulations
100,022
105,042
declared
9
Dec.
83,251
and
Dec.
on
out
63,069
62,831
142,062
132,612
%
Electric Co.—Accumulated Dividend
District
directors
1938
174,625
183,481
20.6
•
payable
Empire
The
1939
88,865
123,874
26,787
;
The
To Pay
272.853
Amount
share;
per
1, 1942, at 103 Vb and interest.
Holders of the
Immediately obtain the redemption price, including
to June 1, 1942, upon surrender of the bonds with
can
interest
March
1940
129,996
share was recently declared on the
per
1940
120,809
cents
Cent Common Dividend Also Declared—
States
1941
bonds
April
1941
156.783
Dec. 27, to holders of record Dec. 11.
A iike
was paid on June 30 and Sept. 30, last, as compared with '
in previous quarters.—V. 154, p. 1413.
">
1 -
stock,
United
35
redemption June
called
168,168
187,252
253,282
February
Natural Gas Co.—60-Cent. Common Dividend
Paso
dividend of 60
in
of
This company, pursuant to the terms of the first mortgage sinking
4%% bonds, due Dec. 1, 1951, has called $225,000 of the bonds
61,826
7,436
October
El
Dividend—-
dividend
a
28, 1939, and on March 30,
47,606
Consumers
declared
Graton & Knight Co»-^-Bonds Called—
21,154
Sales to
The above figures do? not include the system inputs" of any companies
appearing in both periods.—V. 154, p. 1376.
A
Dec.
on
78,525
116,031
Total
have
common
19,690
81,169
of
not
mon
126,275
Na¬
■
Electric
112,868
124,048
71,803
corresponding week
:-■% * —Increase—
National
171,024
151,661
directors
stock, payable Dec. 26 to holders of record Dec. 16.
This
compares with 25 cents paid on Dec. 26, last year, and 12V2 cents each
76,142
183,900
99,664
the
63,771
233,735
217,120
August
Thousands of Kilowatt-hours
Operating subsidiaries of—
Power & Light Co
^
oper¬
subsidiaries
are
Light Corp.
&
with the
The
56,938
115,890
142,743
181,066
December
inputs of client
system
160,458
1938
224,119
204,695
September
i,
1939
116,964
June
"
American
Granite City Steel Co.—35-Cent
T940
164,925
April
May
July
per
Inc.—Weekly Input-^
Dec.
Light Co., as compared
&
24,
An
.
Light Co., Electric
&
Power
Power
Dec.
on
amount
15.
153, p. 394.
Ebasco
of
companies
ating
tional
will
1941
ended
week
the
paid
also
was
for
Ebasco Services
For
share
1940.—V.
paid In
as
March
cents per - share and the" regular quarterly
have been declared on the capital
10
per
both payable Dec. 24 to holders of record Dec.
like
of
extra
of
cents
10
$1,
par
in United States
Saturday, December 13; 1941
'
1940.—V» 154, p, 749.
paid in
as
same
v;VV'.
directors
common
the
first
June,
recently declared a dividend of 50 > cents per share
stock, payable Dec. ,15 to holders of record Dec
5
pn.yamcnt
1932.—V. 144,
to
p.
be made
4343.
on
chis
Issue
"V-
since
its
organiza-'
Volume 154
^Number 4019
THE COMMERCIAL & FINANCIAL CHRONICLE
Kelsey-Hayes Wheel Co.—Class A Dividend—
s
s
providing the plan for merger
Corp., on the basis of
>
$1,
par
stock,
of accumulations, payable Dec. 26 to holders of
account
on
19.
like
this
March
Dec.
and Nov. .1, last, and on Dec. 2, 1940.
The previous payment
Initial of $1.50 per share on Dec. 21, 1936.—V. 154, p. 1379.
2
A
amount
was
paid
on
issue
on
J Kentucky Power & Light Co.—Earnings—
4
Period End. Sept. 30—
Operating
revenues
Operating
exp.
Net
taxes
&
$189,730
$211,565.
operating Income
"
171,816
151,293
$39,749
' $38,437
i;
;
income
Gross
Net
income
aggregating one or more full shares and may be presented to the
principal office of the corporation for exchange on or before 5 p. m.,
(PST) Oct. 31, 1942.
Such scrip certificates will carry no voting or
dividend
V.
March 14,
on
June
12
and Sept.
last;
12,
Period
Sales
on
Dec.
21,
1938.—V. 152,
Kress & Co.—November Sales Up 10.4%—
—V.
Ended Nov;
30—"
1941—11 Mos.—1940
1941—Month—1940
$7,659,137 $84,013,613 $72,567,731
$8,458,093
154,
1054.
p.
Kroger Grocery & Baking Co.—Sales Higher—
\
Sales
number
average
$
of
stores
20,246,866
in
$
$
$
24,806,909
_________
The
;
•
f,
1941—48 Weeks—1940
1941—4 Weeks—1940
Period End. Nov. 29—
operation
'
275,306,624 236,697,491
the four weeks
during
1941, was 3,503, as compared with an average of 3,748
stores in operation in the 1940 period.—V, 154, p. 1054.
ended Nov, 29,
Metal
the
date
the
surplus
production
■
(gross)
charges
-•'Net
...
._i
shares, or 50.46ft thereof.
will record upon its books its equity in Vega.
This
50.46% of the book value of the Vega stock, as of
1940
1941.
,
records.
With respect to
of the earned surplus of Vega will be
the books of the corporation; the remain¬
ing excess amount of book value over the amount reflected as cost
of the Vega investment will be entered as capital surplus.
The corporation will record the acquisition of the remaining 49.54%
minority interest in Vega at the book value of such stock on the date
of the merger. " Any stock of Vega which may be purchased for cash,
from dissenting shareholders of Vega, will be valued at the amount
of
cash
expended.
Stock of Vega
which is acquired through ohe
exchange of the corporation's shares for Vega-shares, pursuant to
the plan for merger,
will be valued at an amount - which will make,
the balance
reflected by the investment account equal
to the book ,
merger,
the corporation's
upon
50.46ft
accounts,
earned surplus on
of-the
value
Unfilled
Orders—The
volume
-
unfilled
of
from this
credits arising
underlying Vega assets.
Any
will be reflected as capital surplus.
entry
--••.
-
-
orders
•"
books,
on
•••■'
..
of
as
approxi¬
mately $73,000,000 of orders for the purchase of aircraft and parts
Sept. 30, 1941, amounted to $374,000,000 (this figure Including
contracts which
have been
subcontracted to Vega).
$179,000,000 of such unfilled orders are covered by
military aircraft and parts therefor, approxi¬
domestic
for
contracts
53,077
$436,469
$662,932
$427,629
$28,000,000 for commercial transports and parts
Corporation is continuing its research and development,
and, to a limited extent, its production of its Lodestar, a 17-place
transport plane and is developing a four-motor transport airplane of
317,153
92,034
150,444
32,613
larger size and higher performance than any heretofore produced by it.
The combined number of employees of the corporation and of Vega
$253,745
$244,572
I
...
deprec. and deferred development..
The
Corp.
.98,324
$676,467
13,535
Operating and administrative costs
Reserve for
of
as
Approximately
Sept. 30—
Tons ore milled..
Marketing
record
therefor under two
Mines, Ltd.—Earnings—
La Luz
3 Months Ended
Aircraft
acquire 100ft of the shares
corporation presently owns a
will thereby
corporation
Vega
outstanding
will
entered
_
The
of
The corporation
entry
1595.
(S. H.)
:
suf¬
the
Vega.
and
issued
$1
1940, and 50 cents each on Jan. 25, 1940, and on Jan. 28,
made for the issuance of a
exchange on such basis.
been
cover
controlling Interest in Vega by virtue of holding 232,121 of its 460,000
Kobacker Stores, Inc.—25-Cent Dividend-^-
issue
stock
of
A dividend of 25 cents per share was paid on the common stock on
12 to holders of record Dec. 1.
A like amount was also paid on
this
to
also provides that Vega will transfer all of its
to
Vega
Airgraft " Corp.
(a
new
corporation
California)
which will, in turn, issue 460,000 of its
Vega
Aircraft Corp.
will
then be merged into
in
to
mentioned,
Dec.
p.
organized
shares
merger
liabilities
and
assets
has
Provision
of
plan for
corporation and shares of the corporation will be issued to the holders
(other than the corporation) of Vega shares upon the basis above i;
154, p. 246.
:
rights.
number
The
shares
$10,848
$20,348
Note—Federal income and excess profits taxes in current periods
have been accrued at rates prescribed in the Revenue Act of 1941.—
$2,552
$4,266"
.....
three
the corporation for each three shares of the capital stock of Vega,
except that scrip certificates will be issued in lieu of fractional shares.
scrip certificates may be combined with other scrip certificates
$165,207
144,859*
$132,264
143,112
$38,437
35,885
$39,749
35,483
(net)
deducts..
other
&
for each
Such
ficient
Int.
Lockheed
into
Co.
of Lockheed
of
$185,206
$132,2p4
share
making the total amount to be listed 1,075,960 shares.
merger provides that all shares of the capital stock
of
Vega outstanding immediately prior to the time the agreement
of merger
becomes effective, other than shares owned by the cor¬
poration, shall be converted into shares of the capital stock of the
corporation, on the basis of one full-paid share of the capital stock
1941—9 Mos.—1940 1
$828,570
$779,959
696,306
614,753
1941—3 Mos.—1940
,
___
Airplane
Vega
one
shares of Vega,
The plan for
1,
record
June
was an
of
Aircraft
A dividend of $1 per share has been declared on the class A
.
8,840
mately
and
$140,000,000
foreign
for
and
aircraft
military
therefor,
parts
approximately
therefor.
50,000 during the month of October, 1941, and such number
constantly and continually increasing.
When the peak of such
will be reached cannot be predicted, but it will probably
reached
net
Estimated
—V.
153, p.
profit
......
1278.
is
employment
be
Lane Bryant, Inc.—November
Period End. Nov. 30—
$1,589,442
154,
1941—11 Mos.—1940
1941—Month—1940
Sales
—V.
$1,329,281 $15,684,308 $12,801,398
1055.
p.
Co., Ltd.—Interest-
amounting to $30 per $1,000 bond will be made on Dec. 31
income bonds, due Dec. 31, 1975, of record
at the close of business on Dec. 20, 1941.
The New York Stock Exchange directs that the bonds be quoted exinterest
$30 per $1,000 bond on Thursday, Dec.
18, 1941.—V. 152,
1941
tion's
sales
the
of
Defense.
In
(1)
military
various
Period—
Air
States
incl. int.—
Operating
1,514,803
$1,613,598
1,507,799
$1,229,393
1,152,564
$1,750,415
1,534,543
$101,594
$105,799
$76,828
$215,872
7,495
1,989
5,699
5,749
$1,616,397
income
income
producing,
among
Corps
Model P-38,
as
an
its
and (3)
Interceptor Pursuit,
Pursuit.
,>vf
V
corporation's business may be affected by further
but
Year End.
Bank
therein.
position
portant
Sept. 30,'41 Sept. 30,'40 Sept. 30,"39 Dec. 31,'38
income
Oper. exp.,
9 Mos. End.
in
engaged
now
adaptations of its Model 14, known as
(2) its Model 22, known in the United
Hudson Reconnaissance Bombers;
developments in the National Defense Program cannot be predicted,
the corporation believes that it will continue to occupy an im¬
Lefcourt Realty Corp. (& Subs.)—EarningsYear End.
is
and
developed
has
poration
others:
1941 sales to date were to foreign coun¬
Great Britain and the British Commonwealth of
were therefore indirectly in the interest
of National
connection with orders for military airplanes the cor¬
corporation's
to
To what extent the
Year End.
Approximately
directly connected with the National Defense Program.
Lightning Interceptor
3972.
Other
Defense
chiefly
Nations, and
holders of first mortgage
Gross
expansion
tries,
Lautaro Nitrate
P.
the
National
71.20%
interest
to
the continued participation of the corporation in,
of, the National Defense Program, <•,
Program—Approximately 22.90% of the corpora¬
to date were to the United States of America and
dependent upon
and
Sales Up 19.6%—
Loans—On
I.
;
1941, the corporation borrowed an aggre¬
29,
May
$10,000,000 from 11 banks pursuant to several loan agree¬
ments, each dated April 21, 1941.
Said loan agreements are identical
in terms as to each payee, except for the amount which each payee
committed itself to lend to the corporation, said commitments in the
gate
of
The consideration received
aggregate totaling in excess of $15,000,000.
for such notes was cash in the sum of $9,925,000,
being $75,000.
All of said notes are written to
mature Nov. 25,
1941, but each may be renewed from time to time
at the option of the corporation to mature not later than July 2, 1943.
During October, 1941, the corporation increased its borrowings With
certain
of the
above
banks
and one additional bank under their
by the corporation
Net
loss
;
Note—The
repurchased
come
and
excess
of
during the
has
been
$244,919
$193,214
$256,344
,,
$165,851
of mortgage bonds
has been excluded from in¬
reserve
for depreciation of im¬
$15,201 of-the face
amount
period over cost
added
to
the
proved properties.
Consolidated Balance Sheet, Sept.
—
tDeposit
Rents
with
trustee
and other
tenants'
chgs. rec.
& accrued
Improved property
Prepaid
expenses
Miscellaneous
and deferred
assets
charges
commitments by $5,000,000, and at the same time each
loan agreements was amended so as to increase the aggre¬
commitments- of said banks to $27,500,000.
The corporation
received for such
additional loans $4,962,500 in cash, the discount
respective
of
said
gate
amounting to $37,500.
30
1941
$318,458
Assets—
Cash
discount
total
the
1940
$270,798
84,150
34,474
87,000
35,172
4,878,528
319,191
5,166,510
12,444
39,274
281,638
Months Ended Aug. 31, 1941
Wholly-owned Subsidiary)
Consolidated Income Statement, Eight
(Corporation
—
$87,570,932
—-—
70,083,188
(less returns and allowances)
sales
Gross
Cost
and
of goods
sold
.
profit on saies__________—_________
Selling and administrative expenses
_J. $17,487,744
Gross
Provision for doubftul
Gross
Other
profit
,
329,982
——
income
—.——
Other expenses
Provision for contingencies—
:
■ ■
—___
period—
Va f'
f
(net)
Inventories
vendors
'Investments.
.
Fixed assets
fixed
■
(net)
—
(net)
assets
Deferred charges
$6,512,347
917,177
6,526,761
49,272,082
1,377,284
•
Co.)
trade names and other intangible
Patents,
—.
;
employees-—
(Vega Airplane
affiliates
to
materials
for
and
officers
from
Advances
—
_
to
Advances
Other
-> ■
———-
receivable—trade
Accounts
Due
$5,295,249
—
Consolidated Balance Sheets at Aug. 31, 1941
receivable
432,359
1.500,000
8,443,310
;—
hand and demand deposits
on
Notes
$15,670,917
profits taxes
Assets—
Cash
——-—
______
Provision for Federal income and excess
Net income for
Cr35
$15,340,935
_—
income
Total
2,146,843
accounts
assets
15,515
27,000,000
£ 1,633,373
6,276,882
"'6,017,961
22,534
3,783,479
—
-$109,355,396
Total
Liabilities-
Taxes
$7,971,617
1,203,197
payable—trade
Accounts
and
Salaries
wages____-——_——
1,483,076
856,081
11,876,938
income)
(other than
Federal income and excess profits taxes
Accrued
liabilities
Customers'
Advances
2,191,517
deposits
received on contracts
after deduction of progress
50,786,813
10,000,000
payments thereon
Notes payable to banks (unsecured)-.
Reserve for contingencies
Capital
Paid-in
Capital
Earned
stock
(par
surplus
$1)
surplus
surplus
__
Total
"•Represents
$109,355,396
:
expenditures
on
facilities
which
1,500,000
1,000,000
10,066,074
24,774
10,395,308
are
necessary
for
by
and
had made application for further certificates in respect of these and
additional
expenditures to be made, which certificates permit the
company to write off the cost of such facilities for income tax purposes
over a five-year period.—V. 154, p. 1414.
•
national defense
the Government.
and
which will not be reimbursed to the company
Company has obtained a certificate of necessity
dividend
the
at
declared
have
directors
The
a
of
rate
of $1
extra dividend
an
cents
50
share
per
share and
per
the
on
stock,
common
payable
1941.
30,
Sept.
1940.—V.
154, p. 866.
fy-
-
Gas
Louisville
extra of $1
An
;>•"
.
Electric
&
Earnings—
<
"v./;', ;>;■>-.,/
revenues
Maintenance
Appropriation
Taxes
retirement reserve
for
limited-term investments—_u;_
of
(other than
Provision
Net
operating
Total
income
Federal
for
other
and
taxes)income
--—
.
State
income.
taxes..
1,945,476
1,007,374
____
$4,006,984
$4,136,504
212,710
233,231
...
income
funded
on
debt....
1,030,450
—
J.
Linden, N.
partly in
Other
debt
of
and expense....
discount
<
interest
Oper.
37,000
Crl9,327
22,984
22,681
$2,781,932
$2,879,154
charged to construction
Miscellaneous
Net
income
:
——
—
*
9,549
250,000
Cr83,777
capital expenditures....
contractual
of
Amort,
Interest
rehabilitation expense.!,;..
flood and
Amort, of
—
filed
for
the
accrual
an
Revenue
of
$154,000
of
1940.
the companies
1940,
year
Act
profits taxes.
Provision is being
(including a provision for an estimated
for the year 1941 in accordance with
enacted in September, 1941.—V. 154, p.
1941—Month—1940
Period Ended Nov. 30—
Sales
dividend
extra
of three cents and
the
14.1%—
Common
YY
dividend
of
$10
Oct.
on
share
per
1,
last,
declared
been
has
July 1, last, $15 on Dec. 30, 1940, and
preceding quarters.—V. 154, p. 1302.
the
on
$7.50
each
common,
1 and
the three
of
Manila Gas Corp.—Bonds Called—
of
total
gold bonds of 1926
1, 1942, at 100 and interest.
Payment will be made at the Philippine Trust Co. in Manila, Philip¬
pine Islands, or, at the option of the holder, at The Chase National
Bank of the City of New York.—V. 151, p. 3095.
„
A
of first mortgage
$59,000
6%
20-year
have been called for redemption as of Jan.
Maries
Gross
Steering Gear Co. of America, Inc.
income
:
•Administrative
Federal
income
Excess
Net
and
-Earnings
$143,782
.
22,797
general expenses.
tax
profits
28,000
tax
•Including
of licenses,
Balance
Assets—Cash,
1941
savings bonds
$8,883;
(at cost), $22,522;
Co.,
Co.,
&
Willett
Bristol
&
Dillon,
Read
Co—
&
$377;
First
The
Boston
$89,495.—V.. 152, p.
Melville
154,
normal
income
and
3660.
etc.
1941—Month—1940
'
—
of goods
Cost
ment
1941—11 Mos.—1940
a
$3,446,923 $40,856,758 $35,524,868
'
,
and
of
$1.50
Sept.
paid
on
30,
1940.
previous
payment
was
50
cents
share
Common
priority,
in
event
stock
the
of
one
the
over
liquidation
cumulative
from
of
other,
of
to
as
and
issue
quarterly,
beginning April
1,
1942.
The
stock,
preferred
opinion of counsel to the underwriters, is a legal investment
on
that
agent:
Bank
and
each
Lawyers
&
Trust
thereafter
1
Co.,
New
and
through Jan. 1, 1948. Transfer
York.
Registrar: Central Hanover
is
the
outgrowth
of
two
and
now
handles
various
in
approximately
1,200
Individual
chemicals
which
more
tial
has
than
U.
3.000
increase in
are
the
of
—V.
from
at the
approximately
end of October,
1,300
1941,
at
the
end
including
a
of
products
covered
in
whole
or
in
part
Investment Com-
of
its
findings
effect
the
to
order
and
Investment
the
of
Act
Company
1940.
.
1941—Month—1940 1 ' 1941—11 Mos.—1940
1056.
•
$4,884,341 $52,616,742 $44,323,584
:r ;
Lite Insurance
of New York—Announces
Co.
New Policies Issued to Certain Groups
on
announced": on Dec. 8 that war clauses, will become
new business applied for and examined after midDec. 15,"on various groups of individuals whose
risks are greatly increased by war conditions. The purpose of imposihg
the war clauses, the company stated, is to avoid subjecting present
policy holders to the inclusion of unwarranted risks on new business
taken during the war period.
Policies now in force are in 110 way
The
company,
effective
:
night
v
'
.
certain
on
Monday,
on
affected.—V.
154,
908.
p.
Narragansett Electric
Co.—Earnings—
•»
-
Period End. Sept. 30—
Gross
v 1941—12 Mos.—1940
$9,613,793 $14,094,274 $12,965,476
142,401
r 330,748
213,158
1941—9 Mos.—1940
operating revenue $10,760,558
Other
income
Total
262,127
;
—
493,228
899,602
1,216,062
1,019,633
1,559,267
and
State
(Fed.,
1,764,855
1,291,647
2,304,496
1,720,664
chgs.
$2,720,249
$2,547,072
$3,612,348
$3,547,815
debt
867,064
875,569
1,158,920
municipal)
before
Amort,
&
2,500
funded
on
disc.
of
&
1,169,063
•
exp.
prem.
on
bonds
110,331
81,752
82,554
Other
interest
expense.
2,700
41,987
3,450
57,036
Other
chgs. against inc.
62,038
27.038
111,356
51,676
$1,706,695
$1,519,924
$2,229,351
$2,159,809
refunded
'
cap.
redemp.
5,893,133
703,134
1,313,888
6,059,308
4,404,613
660,522
Maintenance
Depreciation
$14,425,021 $13,178,634
$9,756,194
earnings. $11,022,685
V i 4,660,997
Operating costs
gross
109,271
i
Years Ended December 31
1940
1939 <
,
1938 $•
;
Divs. decl. on cum.
13,051,304
3,140,608
14,809,908
3,569,610
<
,
-
before divs..
Balance
.
.V.-;.'■'(;
.
10,305,337
2,876,853
459,656
658,447
937,083
for
surplus
$3,008,591
244,964
$4,391,560
212,686
$667,439
'
on
included
'
30%
accrual
the
,
$1,824,331
the
to
periods
1941
1, 1941. Effective on that
plus one-quarter of the
rate of 31%
a
to
prior
tax expenses applicable
in
'
*
$2,059,684
-
applicable
Sept.
to
up
-
-$1,419,799
-
accruals
based on
are
"
•
•
100,125
405,020
100,125
-
$1,402,935
tax
of
rate
a
'
*
income
accruals
deficiency' in
127,438
&
—_
based
were
* 303,760
—
divs.
com.
-Note—Federal
♦
41,558
102,005
58,211
1940—
Aug.. 2,
Bal.
,
pref..
issued / hCA:.
j'^ stk..4Mt'Jti- ser.,
•
►
$794,878
$3,253,556
271,287
$4,604,246
149,593
1,130,087
999,304
636,055
if
therefor,
98,967
-
net
Sept. 1, 1941. !No provision sis
to such periods for Federal corpo¬
1941 as the liability
The
121,256
30,719
14,649
$2,739,888
$2,698,036
'Xv, / "'v/
$2,340,614
$545,613
300,000
500,000
v
300,000
inc.—
$2,439,888
208,395
$2,398,036
277,860
$1,840,614
277,860
680,000
675,000
525,000
Ealance
previous
l:
■
A
Sheets
(at
__v_
1
-
(net)—_—
receivable
_
—
(net)—
1,000,000
—J—
2,943,914
2,122,728
7,563,154
112,695
9,139,516
502,883
32,002
——-
assets———
—:———
assets
•
"60,002
4,799,166
2
2
245,201
157,127
103,983
117,255;
——
—
•
7,865,602
—
trade marks, etc.——
charges—....—lr!__— I—I
Deferred
Total
——
!>'
Liabilities—
payable
Accounts
Accrued
current
Other
v^
,
""xif
——
—
•
■
'
'ls>'"11?.
•
!
$2,781,867
$1,201,572
5,533,864
»
92,049
2,265,294
? 91,181
1'
——
liabilities
Reserves
6e/a
debt
not
preferred
Total
stock
.
directors
29
to
holders
of
Feb.
19.
A similar
1940.
The
26,
share made on
per
Share
Aug. -3,
Corp.—Special Dividend—
cents
154, p.
\
also
were
made
& Stamping Co.—$1
share has been declared
per
on
Dec.
16,
1940,
659.
record Dec.
15.
Dividend—
the common
on
This compares
Co.—November
Nov, 29—
Nov.
On
29,
stock,
with 50
154, p.
in
,
*
Up 23.4%— :
1941—48 Weeks—1940
$4,955,959 $64,795,005 $56,281,959
$6,117,959
1941, stores
earlier.—V.
Sales
1941—4 Weeks—1940
—__
operation totaled
1381.
:
1,063
1,026, against
••
^
a
: " ••
V.
' Negus Mines, Ltd.—Dividend No. 2—
;
.
'
;
'
.
A dividend of 2}k cents per share was recently declared on the
capital stock, payable Dec. 15 to holders of record Dec. 1.
An initial
distribution of five cents per share was made on April 10, 1941; none
since.—V. 152, p. 3353. /y/M <,' >
•'!/
.
■
.
New Britain Machine
A
mon
of
declared
a
$5 Dividend—
the
dividend of $5
per
share
on
50
cents
of
50
record
per
was
cents
of
50
share,
paid
on
Oct. 1,
March 31,
on
cents
as
each.
last,
one
last,
together with
Total
-For the
of
week
ended
12,299,327 kwh.
of $1
payments
on
in
against $4 in 1940.—V. 154, p.
New England Gas & Electric
account
cumulative preferred
stock, payable'
Dec. 19.
A distribution of like amount
5%
Co.—$2 Year-End Dividend—'
year-end dividend of #$2 per share has been declared on the
stock, payable Dec. 20 to holders of record Dec. 10. .An
one
•
Dec.
$1.50
share on the com¬
per
on
v'
National Tea
dividends
on
&
1939.—V.
dividend of $1
year
$27,726,180 $16,464,212
have
was
$1
record Dec.
and
$100)——-
1
accumulations
of
last,
1266.
distributions of 40
7,
Sales
154, p. 1415,
The
26,
the stock
on
of
dividend
holders
1941.
15,
! Period End.
•
elsewhere—wj.--:—1,427,715,
(par
Merrimack Mfg. Co.—To Pay
of
,
dividend of 40 cents per share has been declared on the
stock, payable Dec. 15 to holders of record Dec. 8.
The last
Dec.
$5.50
'
calendar
the
.
special
Oct.
A
/
;—_
shown
—■
the end of
paid on Sept. 30, last, 37 V2 cents on June 30; last, 25 cents on
March 31, last, and 50 cents each on Dec. 25, 1940, and on Dec. 23,
1937.—V. 154, p. 153."
V
-
-V.
only at
"*
cents
3,000,000
1,000,000
- • 1,114,443
4,631,000 . 4,631,000
Common stock (par $1)——1,000,000,
300,000
Paid-in surplus
-3,987,858 ^2,140,388
Earned surplus
,
5,271,828 \3,720,334
Long-term
154, p.
a
to
Feb.
on
payable Dec. 26 to holders of
•
(trade)
liabilities
made
was
National Enameling
•
$27,726,180 $16,464,212
——
-
declared
payable Dec. 30
payment
Speeial
$1,540,912
"4,444
26,719
:
Goodwill,
on
and
$5,853,086
1
cost)——
—
.
-
regular quarterly dividend of 15 cents per share was paid oil this issue
;'.v '■
tax notes
accounts
assets
Fixed
$545,613
277,860
75,000
Sept. 30,'41 Dec. 31,'40
securities
have
directors
stock,
National Bond
hand and demand deposits
current
be determined
can
Nashville, Chattanooga & St. Louis Ry.—$1 Dividend—
135,648
610,935
248,474
a
dividends
and
any,
154, p.' 1381.^*
year.—V.
distribution
■—
Treasury
Other
1935
such
9
capital
issued
25
meaning
'"War Clauses"
substan¬
by
the
154,1 p.
Interest
'
Nov.
on
Mutual
2,500
.
and general mortgage bond¬
adjustment program involving
See also V. 154,
Dec,
on
a
company's funded debt structure.
$5,608,205
2,500
3,020,000
dividends
on
S.
those
company
•
exc.
Inventories
sold
employed irf the research laboratories.
Certain of the operations of the company, particularly in some of
the
sulfonamides, are c conducted under joint account arrangements
with other parties providing for the division of profits or losses.
Sales
by
Sales
mon
and
Investments
and
increased
.
Pierce &
of Earnings
the
(G» Cr> Mwrphy-Co/^-November SdlefiP-'
:
Taxes
tlnion Securities Corp—-
}
the common
This compares
on
Dec.
Co.—Plan Voted—
bondholders
approved
10
Period Ended Nov. 30—
Laird, Bissell & Meeds-
Assets—
Cash
sidiary, conducts a generally similar business in Canada.
The number of employees of the company and its consolidated sub¬
sidiaries
-
a
Bal.
Statement
Consolidated
packages.
The products of the company are
used
primarily
for
medicinal,
prescription,
nutritional,
Industrial,
laboratory, and photographic purposes, meeting the exacting standards
required for these uses, Merck & Co., Ltd., the company's principal sub¬
to
of
Balance
Preferred
and of its predecessors, Power & Weight-
engaged
forms
SEC
within
2,500
Lynch,
of record
holders
declared
12.
has been
share
per
to
-
was -
separate
primarily in the manufacture, processing, or
purchase, and the distribution, of fine and medicinal chemicals and
drugs, and it is one of the principal long-line houses In this field. It
is
'rY77//Y
corporation Has ceased to be and is not now an investment com-
pany
Co.,
&
30
Tramways
Dec.
on
common
Rosengarten & Sons.
Company
'</' >'/
Pay 20-Cent Dividend— V v
cents
7V. 151, p. 3568.7s:
shares,
Ripley
20
mortgage
The
that
/
and ;
sale
the
To
Morristowtt Securities Corp;—Not an
value
to reserve ' for '
contingencies ——_
■
Weightman-Rosengarten Co.
j
recently declared on the com¬
holders of record Nov! 28.
A
April 21, July 10 and Oct. 6,
share on April 5, Aug. .1 and
pany—
•
46,310 shs.
1,000,000 shs. ■
Beane
$7,290,677
152,227
Approp.
businesses in the fine and medicinal chemical field, conducted for
many
years prior to 1927 under the name Merck and the names of Powersman
First
1931.—V.
Other
Business—Company
658.<I--::,/Y''-Yy/YY: Y'1'
p.
de¬
income
Net
Notes
CoJ, New York.
Trust
History
Jan.
Montreal
-
Kidder, Peabody & Co
Merrill
147,046
—
taxes
income
for life
companies in New York and is exempt under present laws
Pennsylvania personal property taxes. The 4Vi% preferred stock
any time upon 90 days' notice at $108 per share prior to
1, 1945, with successive reductions in price of $1 per share on
date
$154,839
cents per
15
payable Dec.
holders
taxes & other
profits
Marketable
redeemable
Jan.
$138,475
with 60 cents paid on Oct. 16, last, 25 cents on Dec. 20, 1940, 40 cents
Dec;.15, 1939, and 25 cents on June 29, 1939.—V. 154, p. 1266.'
- 7.
3,500
5,000
$7,143,630
—
inc.,
inc.
payable
in
the
insurance
from
256,107
$53,174
:
on
-<
t
profits taxes—
profits taxes-
exc.
Canadian
dividend
Dividends
company.
date
256,782
$1,
par
dividend of
A
■
stock,
2,000
58,172
decl.
and
Preferred stock to be issued and outstanding upon delivery of shares
offered;
53,690 shares 4 Vz% cumulative preferred stock and 46,310
shares 5 V* %
cumulative preferred stock, neither of which shall have
or
stock,
Noyes & Co
(
deductions
excess
or
rights
preferred
$395,257
63,864
.*p; 752..969:;;;
53,690 shs.
Inc.
18,137,560
3,177,833
~—
normal
Fed,
Fed.
preference
$410,946
$117,037
v
$34,002
Mission Corp.-
Outstanding '
with
900,000
Harriman
977,553
income
Gross
Income
Offered—Security
by Goldman, Sachs & Co. and Lehman
Brothers on Dec. 9 offered publicly 53,690 shares of
41/2% cumulative preferred stock ($100 par), at $105 per
share.
The bankers announced that all preferred shares
allotted for sale to security dealers have been accepted.
The proposed offering of 30.000 shares of its
outstanding
common stock (par $1) has been
postponed.
any
/
63,950
Y
.
doubtful notes
profit i—
fense
Merck & Co., Inc.—Preferred Stock
rights
4V2%
'
ration excess profits, tax under the Revenue Act of
Sept. 20, 1938.—V. 154, p. 247.
dealers headed
,
sold—
income
Other
,
per
$97,952
■CZ
share was
payable Dec. 10 to
like amount-was paid on this issue on
last, which/compares with 20 cents per
Dec. 10, 1940.—V. 153, p. 247.-, <7Y
per
The
87
•
—
dividend of
A
date such
share has been declared on the common
stock, payable Dec. 23 to holders of record Dec. 15.
A similar amount
was paid on Sept. 30,
last, as compared with $1 on July 25, last, and
on
to
Hemphill,
accounts
Gross
dividend
t$!i
—;
$392,386 "> ■',$407,357
3,589
2,871 -
■
$116,950
;
148
1941,—V."' 154,
Of
Act
-
,
$97,803
—
deducts.
other
income
Net
mon
Shares
•/''•j?'
expenses
for
Prov.
1380.
278,201
-
.
Minneapolis Brewing Co.—15-Cent Dividend—
$29,484,750 $23,766,375 $19,960,958 $14,350,846
Selling and adm. exps._
Research
and
develop-
14.91%—
Mergenthaler Linotype Co.—$1.50 Dividend—
A
$1)
Sept. '30 '41
sales, less discts.,
Gross
/
$3,960,742
———„
p.
concurrently
(par
2,500
3,500
Corp—
profits
excess
Shoe Corp.—November Sales Up
Period End. Nov. 30—
Retail sales
—V.
Federal
for
(net)
modification of
1 ' "Y V
.
-
1,500
1,500
1,000
Consolidated
Federal capital stock tax, $1,700; other accruals, $200;
(10,000 no par shares), $66,667; deficit, $9,072; total,
stock
-
to Present Financing)
9 Mos. End.
Liabilities—Provision
common
/
investment in United
prepaid taxes, $1,553; licenses,
total, $89,495.
taxes, $30,000;
or
11,595
11,595
Harden—
Inc.-——.,
&
accrued royalties and interest receivable, $17,653;
States
'
,
Shares
Drexel & Co
due from Gemmer Manufacturing
$38,507;
Bodell
$1,331.
Sheet, Sept. 30,
to
shares,
300,000
Brothers
Weeks
Baker,
75,000
amortization
from
Goldman, Sachs & Co.—;
$90,985
paid
prior
v, v.-■'
.
Lehman
income
Dividends
,4
2,000
-
317,678
;v
$1,502,343
1,094,986
$1,550,899
1,158,514
^Note—Federal income and excess prQfits taxes in the current periods
been computed in accordance with the requirements of the Rev-
through
a split-up of each share of
such common stock into three shares (the
par value thereof being adjusted to $1
per split-up share with the
transfer of $600,000 from paid-in surplus to capital stock), and the
authorized common stock was increased to 1,200,000 shares. In June,
1941, 100,000 shares of common were issued and sold, increasing the
outstanding common stock to the present 1,000,000 shares. •
On Dec. 9, 1941; the charter df the company Was amended to reduce
the dividend rate on the then outstanding 6%: cumulative preferred
stock to 5%>- Per
annum from
and after Jan. 1, 1942, and to
authorize the 53,690 shares of 4 Me %• preferred stock to be offered.
Upon the sale and delivery by the company of the shares offered,
company will have received since Dec. 1, 1940, in addition to earnings
retained in the business, new capital aggregating more than $7,500,000.
Purpose—The net proceeds from the sale by the company of the
4Mi%
preferred stock (estimated at approximately $5,430,000)
are,
to the extent of $3,000,000 thereof, to be applied to the prepayment
and discharge of the $3,000,000 1 %%
serial bank loan, payable to
National City Bank, New York, and are, to the extent of the balance
of such proceeds, to be added to the general funds of the company.
Underwriting arrangements—Each of the underwriters named agrees,
severally and not jointly, to purchase from the company, the number
of shares of 4 Me % preferred stock set opposite -its name. ' - - ■ increased
A similar payment
in
discharged
agreement
with $7.50 on April
which compares
„
delivery by the company of the 4%%,.preferred stock offered.--'
On March 28, 1941, the amount of outstanding common stock
regular quarterly dividend
Mahoning Coal RR. Co.—$10 Common Dividend—
made
; $395,151
.
/
1941—12 Mos.—1940
:
have
to March 2, 1941, en aggregate of $3,000,000 had beem bor¬
rowed by the company pursuant to a 1 %%'. serial bank loan agree¬
ment dated Dec. 12, 1940,
which $3,000,000 will be prepaid and the
eight cents per share were recently declared on the common stock,
par $1, both payable Dec. 15 to holders of record Nov. 29.
An extra
dividend of like amount was paid on Dec. 16, 1940.—V. 152, p. 1923.
A
$415,481
taxes..
income
and
venue
Prior
of
was
?.
'-Authorized
53,690 shs.
cumulative; preferred^ stock-^Li!^ ^ 46,31© shs;
stock (par $1)
;
!—' 1,2QO,000 shs.
Y'5%%
1941—10 Mos.—1940
stock, payable Dec. 30 to holders of record Dec. 22.
' *
>
Preferred stock (par $100)
'
' f
4%% cumulative preferred stock___r__
Mines, Ltd.—Extra Dividend of Three Cents—
Macassa
An
,
(Giving Effect
Capitalization
''
,
■
1415..
154, p.
and
income
Gross
Int.
AA/;''-V ■ v.a:
N.
V.
Cultuur Maatschappij
Tjitembong,
an
unconsolidated sub¬
sidiary of the company, leases, and operates a plantation in Java
from which the company obtains its requirements of coca leaves, used
7
in the manufacture of certain narcotics.
Another unconsolidated sub¬
sidiary, Experimental Plantations, Inc., owns a plantation in GUate-,
mala where experiments are being conducted in growing cinchona trees.
In 1941 the company acquired a tract of land of approximately 400
acres
on the South Fork
of-the Shenandoah River near Elkton, Va.'
;
In order to supplement the
manufacturing facilities of the Rahway
and Philadelphia plants, there are being constructed at this location t,
several manufacturing units, primarily for the production of vitamins.
■f
The unexpended balance, as of Sept. 30, 1941, of amounts authorized
■;
for buildings and equipment was approximately $4,250,000.
It is con¬
templated that these and further expenditures not authorized at
Sept. 30, 1941, will be made before the end of 1942.
Under existing
circumstances no accurate estimate can be
made of the amount of
such further expenditures,
but it is belieVed - that they-may; aggre¬
gate approximately $2,500,000.
$2,134,169 $21,029,230 $18,126,988
$2,435,850
—V.
Sales Up
Co.—November
Stores
McLellan
excess profits taxes
the returns, as finally
reported no income subject to
made for Federal income taxes
excess profits tax of $870,000)
the Revenue Act of 1941, as
1415.
,
excess
1941—3 Mos.—1940
revenues
exps,
Other
This
i
for
In
of $7.50 on
one
'
-
included
Second
2, last,
and Sept.
3
>
calendar
provision made for Federal income taxes for the
Note—The
year 1940
under the
March
on
of $5 on March 1, 1940.
The previous payment
1931. V. 154, p. 247.
7''' V.'C-vVY7';'7.'vV'*
one
March,
V'Aper';;-ihbomeLi,!i,*;
Net
•
160,227
160,227
25,145
245,733
37,000
" •
in
Qperating
*
Amortization
this issue
on
1940, and
Michigan Gas & Electric Co.—Earnings—
pany.
$4,369,734
1,030,450
$4,219,694
income
Gross
Interest
$2.50
owned in fee by the company
acres
and
1941
1940
$13,148,475 $11,920,308
4,024,077
3,749,305
561,058 , :y; 602,454
1,451,500
1,331,000
•:
■
1,429
1,428
1,157,950
1,092,244
20,
was
Period End. Sept.30—.
and located partly in Rahway
plant consists of over 30 buildings
for manufacturing and processing,
other buildings housing the prin¬
cipal executive offices (located in Rahway), the research laboratories,
/product control, packaging, shipping, and warehousing facilities, and
service shops,
a power plant,
garages,
and a number of dwellings.
\v
The
company leases a plant in Philadelphia, Pa., where certain
/^manufacturing and processing operations are conducted, as well as
warehouse property,-part of which is subleased to others.
? The plant of Merck & Co., Ltcfc, the company's Canadian subsidiary,
is located in Montreal, Quebec, and is owned in fee by that com¬
170
V
Operation
Amortization
Subs.)—
(&
(Ky.)
Co.
,
Years Ended Oct. 31—
Operating
also distributed on Dec. 31,
,y,v
/■
was
Dec.
the
of
Dec. 31 to holders of record Dec. 19.
Distributions of
50 cents per share have been paid regular each quarter to and includ¬
ing
to
$2,000,000 in the first nine
"
made
was
approximately $1,600,000 in 1940 and
months of 1941. Certain other operations
company, particularly in connection with the manufacture of
some
of the vitamins, are conducted under licenses providing for the
payment of royalties to others.
Sales by the company of products
manufactured in whole or in part under licenses amounted to approxi¬
mately $3,200,000 in 1940 and $5,500,000 in the first nine months of
1941.
The narcotics business of the company is particularly subject
to the regulation and control of the Federal government.
""
The principal plant Is situated on a tract of land of approximately
amounted
arrangements
Loew's, Inc.—Extra Dividend Of $1—
both
CHRONICLE
THE COMMERCIAL & FINANCIAL
1494
Dec.
5
this
com¬
extra
June
30, last, and
regular quarterly
1941
will
amount
to
180.
Association—Output—
Association
reports
electric
This is an increase of 1,724,491 kwh.,
or
output
16.31%
Volume; *54"
.
•■"V
above-' production
'year ago: f Gas
-
v
below
production of
year ago.—Vv154, p. 1381,"
-
kwh.
for '.the"-'corresponding week a
**•.
v- ...
mcfy a decrease of 6,681 mcf., or
120,854 mcf. in the corresponding week a
Of T0;574,836
'■
j-i-
output is reported at
8.53#'
'
TH«; COMMERCIAL &
Number 4019
.
v
lease, at approximately $39,400,000.,
■
The
o.
i
judge also
.
Boston
114,173
England
Earnings-—
\
criminate
{.
-
'■
Association
Power
In
.
'1
X/xV-^Vr
Period End.
Sept. 30— v 1941—-9 Mos.—1940
1941-r-12 Mos.—-1940 Gross operating revenue $46,581,682 $42,1213,846 $61,922,556 $56,905,270Other income
1,329,836
1,177,950
1,714,680
1,570,387
■
' Total
the
;!•
--'X. 4,169,450
Depreciation
Taxes (Ped.v,State
-
.!
.
/
X, '• rConsol. balance before
on
Amort,
ot;debt
disets,
amort.
<
&
exp., (after
,
of
premiums)'
Other
interest
»;C"X'yykXX-
charges
income
■;
•
Prof,
against
;>
—r
93,180
Minority interest in net
income
i
of
subsidiaries
<
^
,
Pref.
"
.
Consolidated
:
-
i
—
♦Deiicit.
based
were
date
on
of
rate
a
such accruals
*v
2,983,153
3,977,518
*$4G0;il2
$1,382,888
$218,300
on
the 1941 periods,
Effective on" that
Of .31#' plus one-dourth of the
rate
a
accrual prior to Sept. 1, 1941.
No provision is
included in tax expenses applicable to such periods for Federal corpo¬
deficiency
the
in
With
j
.
New
,
X
1
,
Company,
which
liquidate, has filed with the Commission a reorganization plan
May
to
per share,
issued
has
to
Service
Co.,
Illinois
Iowa
ICC's
for: reorganizing
plan
holders
to
$1.20
of
against $1.90 in 1940,—V.
as
and
applicability
the
order
of
continue
stockholders
as
industrial holding
an
concern.
<
<•*,.
of
the
*
»
company,
Whether
(2)
in
v
Twin
Gas
State
Co.
Electric
&
Its
X
''"XXV
'
is
X
22'
In
,
small
i
'■
would
distribute
all
its
New
holdings
arid equitable
which The
to
ended
Dec.
X^'X^/1: i-
plan,
1382.,
154,- p.
pares with-75 cents
cents on Feb. 1 and
,
Nov.
of
V.
These
546.
p.
v
Period End. Sept. 30—
lien preferred and plain preferred also would receive
Total
other
394
933
2,684
49,090
$147,173
$182,162
$679,997
$813,819
reduced
be
would
debentures
by
the
amount
of
cash
which
three
might use to buy additional common stock in any of the
enlarged utility companies.
The plan does not provide for pay¬
ment
in eash
Gross
concern
Int.
income
and
_X——
other
,r;
76,114
96,222
316,688
$69,059
$85,940
$363,310
$395,818
68,202
69,729
275,683
278,917
deducts.
income
Net
stock
Preferred
divs
X
$857
Balance
Note—Federal
soon
New River Co.—Accumulated Dividend—
dividend of $1.50 per share on
cumulative preferred stock/ pay¬
A like amount was distributed
on Sept. 30, last, as compared
with 75 cents per share on May 1 and
Oct, 1, 1940, and one of $1.50 on Dec. 12, 1939.—V. 154, p. 435.
recently
directors
of accumulations
account
declared a
on the 6#
15 to holders of record Dec. 1.
able Dec.
taxes
income
-
$16,211
charges
and
The
ferred
X;
Inc.—25-Cent Dividend—
—v..
:
dividend of 25 cents per share on the
stock, payable Dec. 22 to holders of record Dec. 16.
This
with 15 cents paid on Sept. 15, last, and on Dec. 31. 1940,
cents on
Oct. 15, 1940, and 15 cents on Dec. 27, 1937.—V. 151,
per
directors have
declared
a
capital
3896.
'
'
'
Chicago
York,
New
&
for
Counsel
prohibited
a
were
the
At
per
dividend of $2
a
granted.
contended that the
then
rehearing
the
road
obtained
at
after
1
right
the
offered
are
;■
X
to
shares of $100 par value to
four prct'erred shares or
X
each
will be
shares
31,
Dec.
to subscribers
delivered
1941,
1941—11 Mos.—1940
1941—Month—1940
-
$258,821,035
'X!XXXXxX!,':Xx' Xx;>X.;XX''.';'!/ X'v>
'
Co.—25-Cent Year-End Div.—
Telephone
Self$18,465,000
Equipments
:
of
invited
has
M,
series
Dec.
on
Jan. 1, 1957.
The proceeds will be used
6,020 freight cars, 50 cabooses, 15 electric
until
$1,231,000
of
construction
X-XX'i/'X
1269.
*
■.
from
the
Interstate
such an
Interstate
record
June
to
Commerce
the
on
1938.
Subsequently and
made subject to
Dec.
voted
it
25
Like
portions
Judge
of
the
Carroll
the receipt
Interstate
on
Commerce
Net
cents
these
on
amount
Four
of
income
quarterly
stock
each
dividends
dividend of 40 cents per share
of 25
1940,
during
were
paid
cents
and
share
per
addition
in
July 1,
on
the
on
1
Oct.
paid
were
special
and Dec.
on the
of 25
dividends
1940.—V.
23,
154,
Pepsi-Cola—Larger Distribution On Stock—
A
22
to
share has been declared
holders of record Dec. 15.
made
on
this
dividend of
payable
Dec.
was
$1
per
issue
Oct.
on
the common stock,
50
on
last,
27,
A distribution of
and
an
initial
of
$1
July 25, last.—V. 154, p. 1102.
the
on
to holders
March
on
1941
will
1941—Month—1940
Period End. Sept. 30—
of
Gross
24,
'Net
amount
revenues
$39,019
$31,435
4,456
Defl2
revenues—.
oper.
"After all
,
1941—12 Mos.—1940
$573,870
$525,560
142,614
charges, including maintenance.—V.
130,699
152, p. 3979.
reserve—
electric invests.--
limited-term
on
7
Net
670,750
$4,478,424
$4,628,843
funded" debt-..
of
.
and
discount
debt
——
charged
Revenue
264,478
67,963
——
——~
—-—- —
includes
Act.—V.
Federal
for
$385,000
154, p.
income
excess
taxes
for
profits
38,784
$2,504,079
$2,601,980
taxes
The
X
The
the
directors
p.
C
;
"t
.
both
■
!
»•'
payable
I
.I-
•'.«
Jan.
,
.
.!
22
j-
•
dividend
and
A
of 30 cents per share on the common
to holders of record Dee. 15.
Regular
p.
a
bonus
of
50
cents
per
',
share
.
Iv
.
J (,) "J I
.v
: k<
i V
l
■
t *
cents
50
per
share
has been
declared
of record Dec, 12.
cents
dividend of 50 cents per share
stock,
50-Cents—
of
per
share
:
on
the
X
X
capital
This is the first
was
paid.—V.
151,
3753.
X
declared
lVa%; stock dividend and the regular
Pratt & Lambert, Inc.—50-Cent Dividend—
•
regular quarterly dividend
stock,
■\
recently
a
stock, payable Dec. 23 to holders
distribution since 1939 when 20
ended Oct.
under the 1941
A
i
directors have declared
Pollak Mfg. Co., Inc.—Resumes Dividend—
A
year
1056.
Ottawa Electric Ry. Co.—Bonus Of
.
quarterly dividend of 30 cents per share in cash on the common stock,
both payable Dec. 23 to holders of record Nov.
25.
In each of the
three preceding quarters a cash dividend of 30 cents was paid.
On Dec. 23, 1940, a cash dividend of 25 cents per share and a 2#
stock dividend were paid on the common shares, as against 35 cents
in cash in each of the three previous quarters—V. 154, p. 1102.
he said.
the ICC proposes be separated from the New
Haven in
the reorganization, was under lease-to the latter system
when reorganization proceedings were instituted.
•
*?-•'
;
Two years ago Judge Hincks ' set the amount of damages for the
Old Colony, which had filed a claim because of. disaffirmation of the
f >r
| J t
.{. « '.5 i\ • . ii. • I a
■
'
it ■ ''"X i •" t-r> - X '
made on
87,312 !
29.133
the
was
Plymouth Oil Co.—1V2% Stock Dividend—
266,435
Cr5,919
,
stock, payable Dec.
distribution
1.640,250
.
Cr8.478
to construction-—
for
a dividend of 30 cents per share on the
22 to holders of record Dec. 12.
A similar
April 25, July 28 and Oct. 25, last, which
compares with
25 cents per share paid on March 15, July 10 and
Oct. 15, 1940.—V. 154, p. 248.
^
X
common
f
1,621,250
expense
————
income!-
1941,
1,502,203
$4,624,866
^ 3,976
Note—Provision
31,
24,387
1,596.078
1,384,000
Miscellaneous
9
746.674
1,400,000
23,790
income——$4,477,494
(net)—^—J—
_i-———
930
interest
Interest
•
686,735
1,500.000
Co.—30-Cent Dividend—
have declared
directors
The
1940
$14,312,711 $13,621,826
4.644.615
4,652,945
—
Governor
Pierce
1941
income
Interest
Other
Colony,, which
a
1193.
p.
Co.—Earnings—
31—
retirement
for
of
Amortization
Hartford RR.
the plan in his lengthy
decision, Judge Hincks cited-"cancellation of -the Old Colony common
claim
against the New Haven."
This would discriminate against
.
#
-v
stock, payable Dec. 29 to holders of record Dec. 15.
A like
ivas paid on this issue in each of the three preceding quarters.
common
cents
declared
have
directors
The
common
cents
each
issues
for
distributions
revenues
operating
Other
reorganization of the New York New Haven &
Among the reasons given for disapproval of
creditors,
on
Philippine Ry.—Earnings—
50
(other than income taxes)
—.
Provision for Federal and State income taxes.-
turned down
Commission plan for
Dec.
paid
were
Total
last.
of
payable Dec. 24
Taxes
Hartford RR.—Reorganiza¬
Hincks
the common
Peoples Drug Stores, Inc.—40-Cent Dividend—
to
up
the same as in 1940.—V. 152, p. 993.
Years Ended Oct.
Appropriation
C.
both
stocks,
B
amounts
24,
Sept.
Amortization
Rejected—Judge Hincks Objects to Old Colony
Treatment—Other Points of ICC Program—
District
of 50 cents per share has been declared on
Distributions of
payable Dec. 29 to holders of record Dec. 19.
per share were made on July 10 and Sept. 30, last, as com¬
pared with a total of 50 cents on Dec. 28, 1940, 25 cents each
July 20, 1940, and on July 20 and Nov. 10, 1939.—V. 151, p. 3898.
in
dividends
declared
have
expenses
Maintenance
and
repairs
Honduras Rosario Mining Co.—Year-end
New Haven &
dividend
cents
pre¬
as
developments
common
8.
and
24
$2.25 on
$1.75 on
1940, and $2 on March 15, 1940.—
June 15,
Permutit Co.—50-Cent Dividend—
A
stock,
of
declaration
the
Operating
h*rve
York
Old
1,
been
Oklahoma Gas & Electric
X
tion Plan
Federal
share
$50,
with $1.75 per share paid on Sept. 15, last,
$2 on March 15, last, $2 on Dec. 14, 1940,
last,
13,
declared a dividend of $2 per share on the
payable Dec. 15 to holders of record Nov. 28.
recently
par
been
("Boston News Bureau.")—V. 147, p, 1498.
and
A
1005.
p.
stock,
Act
Commission.—-
compared With 50 cents on March 29,- 1941,
New
their
$2 per share,
obligation unless per¬
Commerce
directors
compares
June
$116,901
thereof have
a
Salt Mfg. Co.—$2 Common Dividend—
Sept. 14, 1940, $3.25 on
V. 154, p. 1102.
a $1.50 quarterly
dividend last
the sense of their meeting that,
the New Haven situation, they
December meeting declare the full $2 dividend on the
of
directors
the
directors
Gross
The
for
share
1383.
p.
company
The
This
Ohio Brass Co.—50-Cent Dividend—
The
90 cents on Dec.
28, 1940, and 75 cents each on March 30, June 29 and Sept. 28, 1940.—
secured
-
,
time
common
declared a year-end dividend of
cents per
share on the outstanding capital stock, payable Dec. 27 to holders
of record Dec. 17.
A like amount was paid on June 28 and Sept. 27,
directors
several
154,
finance
on
XX
was
from assuming
railroad
New York &
154.
Dec.
$40,415,635 $33,765,302 $318,049,967
Pennsylvania
payments having been made quarterly
April
have
declarations
preferred stock.
Dividend of 62Vz Cents—
V.
-
cumulative, and common shares of
on
for common
share
common
held.^ Common
practicable
as
ments
holders of record Dec. 15, 1941.
this stock are payable under the
on
annum
including
and
unfavorable
should
1381.
p.
as
6#
business
locomotives, and 12 tenders.—V. 154, p.
417,001
u
.$87,627
■
lieu
in
,
Operating
last,
1940,
V
-'
bids for $18,465,000 equipment trust cer¬
16.
Bidders are asked to name dividend
rate for the certificates.
V. i;
■
The certificates are to be dated Jan. 1 and due in 15 annual instal¬
on
A
term.
The
'
3898yL|152, p, 2565, 1929.
the
dividend
barring
by the Lake Erie & Western RR.
It was Justice Jackson's
first majority opinion.
Chief Justice Stone wrote the dissent, in which
Justices Reed, Frankfurter and Byrnes joined.
The Nickel Plate was held responsible by the court in a 4-to-4 ruling
v
1416,
to Sub-
Cov—Rights
Telegraph
&
X''
'
•
declaration, quarterly payments have been at a $6 rate
management using the difference to build up reserve
present
September
St. Louis RR.—Must Pay Old
anteed
■*
$8
to
annum,
ship
Court held Dec. 8 that the company is responsible
bonds which had been guaranteed by a constituent
company when the two merged in 1923.
V
;
\
Justice Jackson delivered the 5-to-4 decision, involving bonds guar¬
interest
154,
;
,A year-end dividend of 25 cents per share has been declared on the
stock, payable Jfec. 20 to holders of record Dec. 10.
The
quarterly paymefll of 50 cents per share, previously declared,
will be payable Jan. 1 to holders of record Dec. 15.
\
.<».Y'
A year-end dividend of 25 cents was also paid on the common stock
•ion Dec. 22, last year.—V. 151, p.
RR.—$2 Preferred Dividend—
declared
have
of
rate
rental.
.,f
The U". S. Supreme
mission
";•>
regular
contingencies in the New Haven situation since New Haven trustee¬
for
Bond Interest—
V.
this
the
last
-
shares,
per
orie
X
t
common
stock, payable Jan. 2, 1942, to
Dividends
at
compares
'
Worcester
&
directors
lease to the New Haven Railroad,
New York Auction Co.,
for
$100
of
;
X'X.Xx' ;'.X''' X,;'";'X".
of
close
Sales
current periods at
in
Norwich
!
*
25
1416.
Period End. Nov. 30—
,
p.
164,080
$28,601
(J. €.) Penney Ce.—Sales For November Up 19.70%-^
X
:
rates provided in the Revenue Act of
1941.
Earnings figures published in 1940 have been adjusted herein
to give effect to increased tax rates of the Second Revenue Act of
1940.—V. 154, p. 1006.
■
'
computed
1150,
V, 154, p.
The
and
154, p.
shares
common
dissenting stockholders.
to
plan proposes issuance by Central Maine Power of $5,000,000 of
bonds, $5,000,000 of serial notes, and additional shares of common
Stock; issuance by Public Service of New Hampshire of $21,000,000
of bonds and $2,000,000 of notes, and the issuance by Central Vermont
Public Service of $2,700,000 of bonds and $1,500,000 of serial notes.—
The
162.349
$35,529
and ,such shares will not
participate in any-dividends declared prior to that date.
The
rights to subscribe were admitted to regular dealings on the1
New York Stock Exchange Dec. 4.
They expire on Dec. 31, and wilt
be suspended from dealings at 12:00 o'clock, noon, that date.—V. 1-54,
•p. 1382.
v.'X X
X .X',.'
^;X:;!yXX:'XXX'
as
1941—12 Mo*.—1940
$3,916,869 $2,882,051
2,239,555
2,118^22
$763,729
40,711
$6,222
the
in
Telephone
at
extent
The
$677,313
*
"Chronicle" of Dec. 9, page
nine' months ended Sept; 30," 1941- and
appearing
three
at- the
tificates,
$181,229
income
40.383
Dr222
$192,680
income
Federal
the
subscribe
the
Co.—Earnings—
$146,779
68
$197,877
Outstanding
earnings;
for
to
of
66(5,398
$192,902
;;
$46,933
X ": $14,752
Pennsylvania RR.—To
1941—3 Mos.—1940
$S97,643
$704,793
550,863
523,563
Oper. exps. and taxes__
.736,463
$197,810
;;
and excess profits taxes
in current
rates prescribed In the Revenue Act of
preferred and common, stocks are entirely
by Kentucky Utilities Co.—V. 154, p. 248.
•• .v,.. '• >
o
V
common
i
(
Operating revenues
The
.
154,
paid on Nov. 1, last, 50 cents on Aug> 1, last, 25;
May 1, last, $1.25 on Dec. 20, 1940, 50 cents on
cents in each of the three preceding quarters.—
172,146
'"I'
X.
v
$858,300
preferred.
plain
the
and 25
1940,
r.
of
1941—12 Mos.—1940
$46,933
>:
$55,135
deduct—
requirements
$934,273
$219,079
X; ' X
—
Peninsular
Northwestern Public Service
20-year 3# income debentures of New England Public
Service in the ratio of two-thirds to prior lien preferred and one-third
to
1,
the
beerr accrued at
have
(2)
Pacific
•-
Co.—$1.50 Year-End Dividend
with
r
(& Subs.)—Earnings—
$55,135
income
record
dividend of $1,50 per share has been declared on the
stock, payable Dec. 20 to holders of record Dec. 5. This com-
284.
p.
217,541 :
taxes
V Holders of preferred
for the
compared with
an increase of
1941, totaled 36,663,000 kwh., as
kwh. Tor the corresponding week last year,
accordance
154,
scribe—XX'xX-'y'X:
*
system
Co.
profits
excess
in
$187,907
..$120,391
taxes
in
the
current
1941—3 Mos.—1940 ,:
,u—.
other
$38,013:
$272,676
income
respectively.—V.
the public interest
Power
69,381;
v
Pacific Public Service Cov—Earnings—
.
&
and
•
income
and
are
f
year-end
common
and Central Vermont."
Holders of prior
and
1941.—V.
-revenues—
incomes
\ The
X
shall participate
Co.
6,
Northwest Engineering
A
-
preferred one-third of holdings of New England Public Service in the
three enlarged utility companies—Central Maine, Public Service of New
$4,000,000
287,039
computed
of
Act
oper.
Net
«
'
v'X.-X X';,',
North American
the Northern States
of
output
10.2# .—V.
Prior
Hampshire,
275,935
67,383
income
been
have
exps.
owned
of investors or consumers to require that Mis¬
Light Co. or The Kansas Power & Light Co., or both,
respective
depreciation,
retirement,
surplus, ort; other
their
33,280,000
enlarged utility companies to the holders
three
435
$407,429
$46,87T
Notes—(1)
Northern States Power Co. (Del.)—Weekly Output—X
>
week
substantial interest .in
The three enlargedutility
Public Service.
'
v
York State.-
New
company
144
$463,842
deducts.
other
Revenue
periods
.
lien preferred and plain preferred in lieu of their present
lien preferred would receive two-thirds and the plain
its. prior
stock.
in
12
$107,394
income
"■1941.
protection
Power ite
Electric,
divorced from New England
process the
stocks of the
common
of
property
would be
the
and
Int.
accounts, pursuant to Sections 15 (f) and 20 (a) of said Act.. . •
C4) What steps, if any, the said repondents should be required to
take to
revise and simplify
the corporate structures of said com¬
panies fexcept The North American Co. and Illinois Iowa Power Co.)
to effectuate- the requirements of Section II
(b) (2) of said Act.—
V. 15,4... p. 1381.'
the Bates Manufacturing Co., the Edwards Manu¬
facturing Co., the Hill Manufacturing Co., the York Manufacturing
Co., and the Maine Seaboard Paper Co, •
- v
«
X ;;
*
Under the plan the present five utility companies would be reduced
to three, each operating within its own State, except for one rela¬
concerns
43
$114,260
XX
—„
income
Gross
Androscoggin Mills,
tively
-$406,994
Net
X''. i .-;'vX'
■'
ritie* Co., snd The North American Co.
fair
a
extent
the
for
restate
'
subsidiary
industrial
which in turn owns a
$463,699
income
Oper,
of Section II (b)
(2) of the Public
to the North American Light &
Whether, it is necessary or appropriate in
.(3)
or
Maine Power
Co., the-Cumberland County Power & Light Co., the Public Service Co.
of New Hampshire,
the Central Vermont Public Service Corp., and
the
$107,382
Old Dominion Power Co.
154, p. 435.
such distribution of the assets of North American Light
Co., if such distribution be ordered.
>'V'/0'X' 'X:'X
any
X
The utility subsidiaries of the company are the Central
England Industries, Inc.,
$114,217
Period End. Sept. 30—
*
an
with
The
Power
•
which
*
*
income
Operating
Co..
Power
*
change
would
stock
be
919,943
operating
Note—Federal
Manufacturers Gas Co., Western Illinois Ice Co.,,
The McPberson Oil' & Gas Development Co..
Cahokia
accordance
provides for divorcement of utility and industrial subsidiaries
by distribution of the stock of the utility subsidiaries to the holders
of the company's- prior lien and plain preferred stocks.
Owners of the
common
954,118
periods
the.
public hearing Dec,
a
$1,326,937
$1,417,816
"
214,260
Net
order should be entered- requiring the winding upr
of North American Light <fe Power Co. or Illinois Traction Co. or both,
and
the
distribution
of
their
assets
to
their
security-holders in
'Which
would
$321,642
249,238
'
share on the
Dec. 8.
Thio
per
record
,
or
Int.
the
dividend .of
a
1941—12 Mos.—1940
$363,454
taxes-
Gross
.
21?
notice
a
Power & Light Sec
(1)
»
ordered by the Securities and Exchange Com¬
capitalization to one class of common
was
last
stock
to.$3.15
SEC
souri
mission
declared
have
payabiet.Dtec^.
stock,
respect
and
Plan—Industrial Status Sought—
•
the
.
•;'X The following matters shall be determined:
-
Integration
Co.—Files
Service
Public
England
•'
of parts of
1381.
..
'
,
EachXof its following subsidiaries are also cited: to appear as
respondents^ Kansas Power & Light Co., Missouri Power & Light Co.,
Blue River Power Co., Illinois Traction Co., Northern Natural Gas Co.,
Argus Natural Gas Co., Inc., Peoples Natural Gas Co.,. Kcwance Public
"
ration excess
profits tax under the Revenue Act of 1941, as the liability
therefor, if any, can be determined only at the end of the cal;"*"0ndar year.—V. 154, p. 1267,
\
"
X '
'
'
p.
Utility Holding Corpany Act of 1935
Power Co. holding-company system.
XXX;' X"-;,'• XX..tv
''
'
154,
Co.—-Earnings—
' 1941—3 Mos.—1940
.
and
Other
'
X,
Adjourned—
r*
•
Net
with $1 per share paid on Oct. 1, last, 50 cents on July 1,.
and.-45 cents ' on April 1, last.Total payments .in 1941 will
The
''
applicable to
up to Sept. 1, 1941,
30#
based
are
:
'
j North American Light & Power Co.-—Hearing Dee. 22
-jX
X $4,195,818
X- 2,983,138
tax "accruals
income
'
,
Sept. 30—
revenues^— ,v
Oper., exps.
reor-
Other
;
'
$716,310
.v-X,;* X XX.,V". x
Note—Federal
in the
compares
■
V
>
'Xi.X-X-X. X"V'.:-', !X
directors
amount
*—_
-1,988,774
balance-'
RR
Period End.
Operating
Nicholson File Co*^-$l.20 Dividend—x-r: xXxr...XX;Xx:X'X> *
i
last,
; ,138,709 ;.u, 104,675
New!V->
of
Ass'n
Power
i
at
————
■
goes
''
the
of
Western
Oklahoma Power & Water
■■■*
!
Providence
:
•
X
; X :
back to the ICC for further study of the items
system.
rejection
his
The
524.508
519,662
$2,705,084 X $2,583,027 - $4,366,033
vri'/V- %■
;
dividends
Eng.
•
(
'
dividends
r
■
.
XXXXX''
*
,
%■/■;^:V!'"J
i Consol. balance before.
.
X
66,515
-
3,188,051 !■- 2,951,413
Connecticut
the
,.;
-
.
*
4,250,897 XX 3,913,508 X
>L ■' iX-;
' x
'-'Vis* '-X
789,420 " ... 746,691>: 1,045,675
1,060,457
oi' subs.-u^-
d*vs.
plan now
common
,71,639-• r ,•69,805
,
.
.
XX
j
i
XX'X 85,145 V; V< 99,200'
it, ;;'XXXvX'-v•:X.XX^|,X:X:XX/X'XXX'XXx,XXXXX
•
Haven
railroad.—V.
y.4%+#.y-V
n. '".f,1,
,
X
,..>392,367
1
X X 390,470
■
Other
*■
«jr - n1;
expense-1!
The
study
!
'
charges—- $11,886,669 $11,482498 $16,611,481 $16434,786
funded debt
4,648,826
4,673,480'
6,205,361
6,236,618
capital
■
Interest
•
New
V
;\
proposed inclusion
value."
the
and
•
,
,
X"
Court Hearing On Interest Payments
13,127,814 " 10,663,818.'
'
-
ganized
RR.
the
dis¬
1
deal with the ICC's proposed
common
stockholders; whose equity,,
Haven's
approved
Bristol
disapproved.
iV'r.
8,i99,717
9,956,775
'
New
of
would
Haven
Federal Judge Carroll C. Hincks on Dec. 10 adjourned to Dec. 19 a
22,897,921
X hearing on a petition by the trustees in- bankruptcy of the road to pay
3,717,296 V' 3,491,857
X bond -interest of about $15,000',000 on several bond issues.
Judge
5,407,717 ;,!: 5,287,276"
Hincks said he wanted' to give- interested parties an opportunity to-
XcXxXv*..
and- X-;'- :
municipal) X———~
&
L-'i"
the
cancellation
New
the
1495
quarterly distributions of 30 cents per share were made on this issue
on April
1, July 1; and Oct. 1, last,
Total payments in 1940 amounted
to $1.50 per share.—V. 152, p. 1928.
.
proposed
against
24,772,929
'2,556,625'
3.915,114
2,795,504
of
Hincks
Judge
-
ICC's
the
claim
against secured creditors.
decision Judge Hincks did not
Warren
$63,637,236 $58,475,658
gross earnings- $47,911,518 $43,301,796
Operating costs X—.
19,103,121
17,147,843
Maintenance
w
road's
Commission said, had "no
X the
(& X Subs.)—«
-
ruled ;that
Providence
&
treatment
X New
XX.
FINANCIAL. CHRONICLE
total
par
no
value,
payable Dec.
has been declared
24
to
on
holders of
the
common
record
Dec.
^ !
11.
paid on April 1, July 1 and Oct. 1, last, making
distributions in 1941 $2 per share, the same as in 1940.—V. 151,
like
amount
was
3753.
;
.
It
c;
*•
\
',
I
..'X'
.
pA' Ufl
X'
■
-.
J
h
r-
'
'X
X".
•
fC
-
V.
'
I"
7"
Saturday, December 13, 1941
FINANCIAL CHRONICLE*
THE COMMERCIAL &
1496
*
Telegraph & cable oper.
Relief
151.897
depts.
other
46,808
14,616,572
462,822
13,634,029
483,387
41,340
7 7 389,289
7; 433,986
1,402,450
1,509,762
38,285
operations.
and pens.
and mis-
Conducting
AU
200,697
*
maintenance
other
All
140,783
—
amortiz.__7
and
Deprec.
$1,958,416 $19,016,673 $17,470,903
1,193,381
115,953
1,355,344
•'
1,953,441,
199,273 *"■ 2,006,967
1,141,027
122,277"
1,323,558
$1,864,170
revenues
Repairs
the
of
28,934";
:
expenses..
Uncoil,
assign,
to
94,800 ;
97,968
oper._
*
Operating
Nonope rating
»
Gross
loss
from
V
*Loss.
•
declared
37,748
."
$304,583
; 7 $67,450
inc.
29,817
Dec.
record
with
compares
V.
154,
1941.
A like amount
three
cents
has been
of
not more
mortgage
Building,
Dec. 10 stated:
out of surplus
accumulated after Feb. 28, 1913, and we are
advised
by counsel
that such distributions are therefore dividends
subject to Federal income tax.
.'•■7 ,/" //.■/•■•;> //y .//. //i..: 7'
"Counsel also advise that in their opinion residents of the State of
Pennsylvania who are holders of this company's stock, are not subject
either to the 4-mills county tax or to the 4-milIs State tax on personal
property with respect to their stock in St. Joseph Lead Co. by reason
of the fact that the company is registered in Pennsylvania and pays
George I. Brigden in a notice to the stockholders on
"The 1941
dividend distributions were paid entirely
earnings of the company,
v-...
bonds, series D, 3%%, due Dec. ly 1971, at Room 758
135 South La Salle Street, Chicago, 111., up to 12 noon
1941.—V.
16,
Dec,
on
.
1383. 7 ://
154, p.
Quissett Mill—To Pay $2 Dividend—
•
has been declared on the common
$2 per share
of
dividend
A
stock,
Guaranty Corp. of WashingPreferred Dividend of 9%—Sells A
ton, D. C.—Special
Part Of Its Properties—
•
A
dividend
special
9%
of
V.
the preferred
on
1271. f
p.
on
account of
to
holders
25
cents
making a total of 12 %
issue,
record
'
4228.
p.
*>
;
;
,
,
,
.
,
'<
.
|
«,
•
of
dividend
cents
10
has been
share
per
Dec.
and
dividend
extra
June
of
25
cents
and
share
'
1940.
30,
per
,
■
,
,
of $2
—V.
(For offering,
tures,
directors
V.
see
153, p.
directors
The
cumulative
SV*%
to
$13.1216
5V*'%
of $5.25 per share on the
account of accumulations,
issues
.26.—V.
paid on Dec
The
the
v
With
for
the
15,
Aug.
declared
series
year;' as
A
for
7%
Bearer
for
called
debentures,
redemption
Dental
Ritter
Dates—Record
•
directors
The
Dec.
on
the
on
6,
dividend
on
stock
preferred
share
1941.
Nov.
Inc.
19,
also
1941,
a
declared
dividend
at
rate
had previously been reported
on Dec. 16.—Ed.]
payable
President E. J. Ries, Dec.
"Sales
the
are
that
7
The
record Dec. 19.
This
last, 27Vz cents on
holders of
that
cents
date
paid,
and
and
represent
income
interest
on
profits on securities sold, as well as
the underlying securities."—V. 153,
7-y'
;//'7:777'' y;y
'
.
on
declared
have
a
dividend
of
25
cents
per
share
on
of
of
15
Nov.
$1
each
this
154,
were
year,-
p.
1305.
stock on Oct. 15
all dividend accruals on
made on the class A
thus clearing
•/-7
up
Water
Lines—
&
Power
.7;;/././...':'
Co.—Plans
/
name
of
High
New
"After
what
we
for
company
company
world,
parent
providing for the aforementioned dividends, it appeared, from
a conservative and careful forecast concerning operalast
three
months
of
the
year,
that
it
would
be
it
one
was
has
made
by
a
widely recognized firm of Independent experts in this field.
dividend of $l
A
of
dividend of 25 cents per
20 to holders
share was also
per
-
declared on the common stock,
15 to holders of record Jan.
5. Quarterly
cents per share were made on this issue on Jan.
payable
75
distributions
Jan.
15, April 15,
with $1.50 on Oct. 15, 1940,
1939, and 50 cents on JuLy
15 and Oct, 15, last, as compared
on
April 15, 1940, $1.50 on Oct. 14,
July
1417.
154, p.
1939.—V.
•
•
,
"
Period Ended
1941—Month—1940
1941—11 Mos.—1940
$6,105,618 $49,530,731 $47,010,261
30—
Nov.
Sales
~V.
$7,301,247
—
154,
,/Z ///
1103.
p.
/
•;
7;//';/7 77;
Guide,"
research
and of
distributing
is
corporation
Product
brief
containing
.
of
/v/; /
New Product Booklet—
Standard Brands, Inc.—Issues
This
19.6%—
Inc.—-November Sales Up
Spiegel,
*
to stockholders and employees "A
illustrated stories of its scientific
products.—V. 154, p. 910.
Its extensive line of
& Electric
Standard Gas
Co.—Weekly Output-
of the public utility operating companies in the
Standard Gas and Electric Co. system for the wee* ended Dec, 6, 1941,
output
kwh,
162,764,000
as
with
compared
140,100,000 kwh. for ihe
16.2%,—V. 154, p. 1384.
announced.
154,
p.
7
first
of
mortgage
7
sinking
6%
^
.
fund gold bonds
due
1,
,
.
'
•V
Stores, Inc.—November Sales Off—
The
Dividend—
.
„
An extra dividend of $1 per share and the regular quarterly dividend
$1.50 per share
have been declared on the capital stock, both
Like amounts were paid
-
-
.
y.
company
Southeastern
operates 35 instalment
now
1941—11 Mos.—1940
$6,572,991
$5,538,924
$548,701
$522,563
sales
Net
.
1941—Month—1940
Period End. Nov. 29—
States.—V. 154, p.
1271.
furniture stores in seven
"
7 1 /
>/
y
,
Strawbridge & Clothier, Philadelphia—Tenders—
.
-
The
Girard
receive
at
to
Dec.: 31,
should
Trust
bids-for
company
be
an
Co.,
sale
the
not
exceeding
•
10%
$105
delivered
.
•
-•
Sun Oil Co.—10%
A
Pa.,. until Dec. 12 offered to
preferred stock of the above
Philadelph'a,
to-it of 7%
per share, and dividends to
amount sufficient to exhaust $200,000.
Accepted stock
to the
trust company as of Dec.
15.—V. 154,
prices
1271.
p.
/
1384.
payable Dec. 24 to holders of record Dec. 10.
on Sept.
30, last.—V. 154. p. 696. - ♦
holders
1947, and bonds of said issue extended to Aug. 1, 1957,'are
being notified that the Fidelity-Philadelphia Trust Co., Trustee, Phila¬
delphia, Pa., holds $5,965.50 received by it as the proceeds of the sale
of certain property no longer necessary for the proper conduct of the
business of the company.
Pursuant to the provisions of the mortgage,
said sum will be applied to the purchase and cancellation of bonds,
at the
lowest prices obtainable, not exceeding the redemption price
-thereof.
■ 7v
ZZ'7
>,7-7; 7;
•//
"7-;;
Sealed tenders for the
sale of sufficient of the above mentioned
bonds to exhaust said sum will be received from holders thereof by
the trust company at its office, 135 South Broad St., Philadelphia, Pa.,
until 12 o'clock noon, Dec. 19, 1941.—V. 153, p. 1002.
7
in the
of the most complete grids in existence anywhere
is
Singer Manufacturing Co.—$1 Extra
advan¬
tageous and feasible to establish the employees' savings and retirement
annuity plans which have been under careful study by the officers for
number of months and which were prepared especially for the com¬
Common Dividends—
year-end
a
stock, no par value, payable Dec.
77 7 '/■■;.7'-'' ;7/:'
16.'
record Dec.
of
-
consider
a
pany
It
■
activities
the
declared
have
directors
Sterchi Bros.
application to the Quebec Public 8ervlce
Board for authorization to proceed with the construction of new high
tension lines, involving a total expenditure of $1,600,000.
This expan¬
sion is made necessary because of increased demand for war indus¬
tries.
The completion of these lines, together with the St. Lawrence
River crossings at Three Rivers and Sorel, will give the Shawinigan
The
In view of
the
1384.
.
winter.—V.
the resultant change of
effective Dec. 31, 1941.
1940 /;
1941
1940
$4,039,744 $167,302,574 $127,563,213
1941
$4,824,006
(est.)
Spicer Manufacturing Co.—Two
Aug.
a regular quarterly dividend of 22 cents on
both payable Dec. 15 to holders of record Nov. 25.
stock,
Shawinigan
Thenceforward, our
will be handled through divisions,
such as the
medical division, aircraft parts division, aviation instru¬
division, etc., of Ritter Company, Inc.
tions
—V. 154, p,
Jan. 1 to Nov. 29 k
Fourth Week Nov.
>
7;
earnings
Gross
7 Standard Ice Co.—Tenders—
directors
Tension
':.7///
6, said in part:
Ry.—Earnings—
Period—
-/The
Dividend—
ment
will
diversified
43,258
1305.
p.
Electric
dental division,
company,
49,064
154,
'//7./ 7'7/ .//:/v:77
proposed to commence construction in the spring and to have
the entire program completed early next fall.
The lines will be con?
structed for 110,000 volts, but will be operated at 60,000 volts pendingv
the Installation of complete equipment.
A marked improvement in water conditions, the company announced,
assures the operation of all the Shawinigan plants at full capacity this
with
become
46,575
*__
Total
-V.
3755.
p.
Distributions
and
equipment,
merger,
33,103
10.150
to
per
turing Co., Inc., with our subsidiary, Ritter Company, Inc.,-and to have
the parent company assume the name of the subsidiary.
It is expected
the
12.537
15,
paid
payments
that issue.—V.
aircraft parts, assemblies, and aviation
instruments, a resolution was adopted by the directors, in the interest
of simplification of our corporate methods
of operation and in the
interest of certain economies, to merge the Ritter Dental Manufac¬
that
36.527
13,008
$1
the
The'
last quarterly cash payment on the class B stock was 30 cents made on
Sept. 30, 1937; and on Dec. 22, 1937. a stock dividend of l/20th of
a share of class A stock was paid on each share of $1
par value class
B stock.
:7'7//77"77:"'.v" .;7
y.-/.'777,,7 <
77/ 7;
the common
continuing at the highest level in our history.
medical
151,
class A
large proportion of our total sales, which are accounted for by the
sale- of
to
29
Dec.
(The) Serrick Corp.—Resumes Class B
And
dividend
Nov. 29/41 Dec. 7/40
6,'41
33.567
totaled
•
25
of
Dec.
loaded
received
corresponding week last year, an increase of
V.
Dividend
regular
the
the
Lines—Carloadings For Dec. 6 Week
tribution of
,
.
fx.;Zy.;.;V
$177,310
$154,303
include income and
not
<
common
"
.
payable
the class B stock and
—
1151,
Cars
The directors have declared a dividend of 35 cents per share on the
stock, payable Dec. 22 to holders of record Dec. 15.
A dis¬
50 cents per share was made on Aug. 1, last, which com¬
pares with 25 cents on Dec. 21, 1940, and 50 cents on Aug. 1, 1940.—
have been
150, p. 343d.
Subsidiary
With
92,600
Cars
■y
stock, payable Dec. 15, 1941, to holders of record
[It
be
Co.,
Merge
October do
for
expenses
Southern Pacific
7
.
.
$246,903
105.640
* ^
—-
—
Week Ended—
Seton Leather Co.- -35-Cent Dividend-
B-8318,
and
/7 ■' //■/•-■/•<
>-7
and
v/7-v
'
B-8315
of Dec. 31. 1941, at par.—V.
as
dividend of 28 cents per share on the
the
Manufacturing
common
would
A-0*530,
Sales—To
'Change Name—
the
Nos.
1940
1941
;7 $282,950
7
———
______—
_____
Note—Operating
final
a
30,. 1940.
>
Shares, Inc.—28-Cent Dividend—
American
over
407.
p.
15 and
/// -v7/7//
shares
expenses
profit taxes.—V. 154, p.
.
dividend of. 15%, less tax, on
year ended June 30,
1941.
dividend already paid, this makes a total of 30%
compared with 40% paid for the year ended June
and
interim
that
May
154, p. 869.
corporation has
common
15.
L
——
earnings
•/The
corporation on Dec. 10 stated as follows:
December dividend brings total distributions
dividend
Corp., Ltd.—Dividend—Debentures Called—
Rhokana
-
Feb.
on
28.
the
on
No/ 15, la6t.
Total
payments on each issue will amount to $2.10 in 1941, as against $2.25
in 1940, in which year a year-end dividend of 25 cents per share was
both
Operating
compared with
from the same source a year ago.
///
shareholders since the company was formed
in 1933 now amount to $7,805 on the $2.50 par value shares, including
both cash distributions and stock dividends taken at liquidating value
year-end dividends of 10 cents per
share on the common and common B stocks, payable Dec. 26 to holders
of record Dec. 12.
Interim dividends of 50 cents per share were paid
on
as
year,
with 15 cents per share paid on June 30,
1940, and 12 Vi cents on June 29, 1940.
"Total
declared
have
directors
current
stock,
increase
Dividends—
(R. J.) Reynolds Tobacco Co.—Year-End
the
for the year to
43 cents per share, the entire amount being derived from dividends and
interest
on
securities owned by
the company.
This compares with
40 cents paid in 1940, five cents of which had been a distribution of
capital profits.
The income dividend, therefore, represents a 22.8%
154, p. 1383.
The
earnings
"The
15. These payments will
31, 1940, inclusive. Total
amount to $17.50 on the 1% preferred and
preferred stock.
(See also V. 154, p. 547.)
will
1941
the
on
'
31—
Ended Oct.
Month
Gross
Dec. 23.
10 declared a special
Dec.
on
compares
The
548.
Ltd.—Earnings—
Southern Canada Power Co.,
Dividend of 70 Cents—
common
Dec.
share on the 7%
per
paid on the preferred stock in 1940—on
paid in dividends during
1940.—V. 154, p. 799.
Selected
24 to holders of record Dec.
period from Feb. 1, 1939, to Jan.
distributions for
—V,
of $7
of State in Sacramento.—V. 154, p.
the Secretary
record Dec.
The directors have declared a
Inc.—Preferred Dividends—
dividend
stock, and a dividend
preferred stock, both on
Dec.
the
cover
a
preferred
cumulative
payable
declared
have
acquired by Pacific Telephone & Telegraph for cash or in lieu of
already
advanced
to
finance
the $30,000,000 expansion of
California Telephone for the current year,
A certificate disclosing the increase in capital was filed Dec. 6 with
Southern
share on the common
debentures, due July 1, 1956,
for the temporary deben¬
701.)—V. 154, p. 889.
1
"
the
on
for
$1.50
exchange
in
Dividend
the Preferred Stock—
year-end dividend of 70
cents per share on
the capital stock, payable Dec. 27 to holders of
record Dec. 20.
This year-end dividend together with dividends of 50
cents per share paid on May 15 and Nov. 15, respectively, will make
1
;
to carry out' the expansion' program of the eom- '■
through the sale of about $50,000,000 of common
stock, it was Indicated Dec. 6 with the disclosure of plans to Increase
the company's capitalization to $175,000,000 from the present $125,- 7
000,000.
-.7.
.•,77.7/ ■/////,/;i/7Z.J
-v/Z ;■/ ~7.
With
1,250,000 shares
($100 par)
capital stock outstanding, all
owned by the Pacific Telephone & Telegraph Co., the plan calls for the
issuance of an additional 500,000 shares.
It is believed the stock will
with, which
3358.
152, p.
The
'
-'
will be raised
pany
recently
arrears
Co.—Common Stock
Telephone
California
Southern
Increased—
Southern
3 V2%
Inc.,
delivery
Revere Copper & Brass,
.
^
for
of
to holders of
.,
additional customers which the company is in
the process of acquiring and (b) the reimbursement of the company's
parent, United Cities Utilities, for funds previously advanced.
V 77 /
■" 1 The
maximum annual interest requirements of the
presently out¬
standing
$50,000
serial first mortgage bonds is $2,500.
For the
12-month period terminating May 31, 1941, the net operating income
after depreciation reserves totaled $5,705.
serving
for
necessary
154, p. 437.
Seaboard Surety Co.—Special
11 Broad St., N. Y. City, announces that
Rand,
Remington
available
now
are
becomes commercially available.
' V/* ••/,<
7 ::
net proceeds
will be used:(a) expansion of the company's
through the purchase of additional equipment and facilities
gas
Paper Mills Co., Ltd.—Special
per share was
$1.70
definitive
April
15,
declared a special payment of $1.50 on
6%
cumulative preferred stock, payable
10, and a regular quarterly dividend,
of 75 cents per share on the same issue, payable Jan. 15 to holders of
record Jan. 2, subject to the approval of the Foreign Exchange Control
Board.
Quarterly distributions of 50 cents per share were made on
tihs issue on Jan. 15, April 15, July 15 and Oct. 15, last.
A dividend
Remington Rand, Inc.—Definitive Debentures Ready—
The Chase National Bank,
Distributions of 25 cents each were
15, July 15 and Oct. 15, last.
will amount to $2 per share as compared
1941
1940.—V.
in
directors
22
Dec.
1941, the same as
/
-
Total payments will amount to $1.50 per share in
in 1940.—V. 154, p. 1103.
-
.
'
Board.
Jan.
on
Account of Accumulations on
The
account
the
V,
,
1943. to
mature serially July 1.
1941, and
July 1,
dated
are
Interest payable J-J at The Trust Co. of Chicago, trustee.
Company was incorporated in 1930 in South Carolina. Gas is manu- '
factured from Butane.
Company owns in fee a Butane gas manufac¬
turing plant constructed in 1930, and has approximately 88,405 feet 7
of mains.
The distributing system is constructed of welded steel pipe
and is suitable for the Introduction of natural ga3 when and if natural
the same issue, payable Jan. 15 to holders of
payments being subject to the approval of the
payments for
$1.50
on
declared on the common
26
regular quarterly
dividend of 25 cents per share have been declared on the common stock,
both payable Dec. 24 to holders of record Dec. 15.
An extra of 15
cents per share was paid on Sept. 30, last, extras of five cents each
on March 31 and June 30, last, one of 25 cents on Dec. 24, 1940, one
of 15 cents on Sept. 30, 1940, and extras of five cents each on March 31
An
Bonds
'
Reed Roller Bit Co.—Extra Distribution—
;
Chicago.
recently offered by Ray T. Haas,
Net
to holders of record Dec. 17.
This
compares with six cents paid on Aug.
12, last, seven cents on Dec.
28, 1940, six cents on Dec. 28, 1939, and five cents on Dec. 28, 1938.—
V. 154, p. 259; V. 153, p. 404.
payable
$10,
par
/
.
.
July 1, 1971.
on
issue
this
on
Total
with
10-Cent Div.—
Recce Folding/Machine Co.—To Pay
A
stock,
Dec.
both
2,
St. Lawrence
7
/
funds
declared a special dividend of $1 per share
the class A preferred stock, payable Dec. 22
10. and a regular quarterly dividend of
on
record
share
per
Jan.
made
fact, together with the
V. 135,
arrears
of
Foreign Exchange Control
uncertainty of increased taxes, influenced
the directors in making this distribution
at this time, partly from
current operating income, but the larger part from earned surplus."—
This
Corp., Ltd.—Accumulated Dividend—
recently
directors
The
for the year 1941, as compared
this
-
.
-
St. Lawrence
with 5V2%. in 1940.
V 7/ :'V" 77': 7%/ 7/
Pres. Ralph D. Quinter stated: "During the past year the corpora¬
tion sold a number of its properties and it was thought the proceeds
could not be invested at this time to the best interests of stockholders.
on
/!
V //•'//
1155. "
154, p.
15.—V.
South Carolina Gas Co., Gaffney, S. C.—Bonds Offered
—An issue of $50,000 first mortgage 5% serial bonds was-
be
declared
stock,,on account of accumulated dividends, payable Dec. 20 to holders
of record Dec. 10.
Earlier this year, a distribution of 3% was made
•
154,
by counsel that
advised
further
are
'
recently
was
.
Dec.
Funds
stockholders of the com¬
pany
who make income tax returns to the State of Missouri may
take a credit on their Missouri income tax returns against the Missouri
tax payable by them in an amount obtained by multiplying the rate
of Missouri State tax on corporate income
(2%) by 28.66% of the
dividends received by them from the St. Joseph Lead Co. in 1941."—
"We
Real Estate Mortgage &
^
I
franchise tax to that State.
a
with
The
payable Dec. 15 to holders of record Dec. 9.
This compares
$1.50 paid on Aug. 15 and Nov. 15, last, and $1 on May 15, 1941.
previous payment was $1 on Feb. 15, 1937.—V. 153, p. 998.
v/1'.y /"/'//V
dividend of 75 cents per share on the/;,
to holders of record Dec. 15. This
compares with 50 cents, per share paid on this issue on July 1 and
Oct, 1, last, and 25 cents on April 1,
1941.; Previously regular quar¬
terly dividends of 12y2 cents per share were paid on the common stock.; ,
The
usual quarterly dividend of
$1.50 per. share has also been
declared on the preferred stock, payable Dec. 27 to holders of record
27
The
purchase of $42,000,000
received by the company for the
will be
first
.7/
y/7
>\>/
.Ct>rona.vty^writers,
&
payable Dec.
stock,
common
•
Inc.—Bids for $42,000,7
"C,it Smitlt
business
Joseph Lead Co.—Dividend Taxes—
St.
,
stock, of
5% second preferred and 1,000 common
points above the price at which the stock is sold, but at not in excess
$107 a share if redeemed prior to Jan. 1, 1952, and thereafter at
than three points higher than $105 a share.—V. 154, p. 1383.
holders of
paid on Oct. 15, last, which
paid in preceding quarters.—
Sought By Company—
Field
(CST)
,
was
share
per
'
'
Ltd.—2-Cent Dividend— V.v
Public Service Co. of Indiana,
000 3%s
Bids
$2,692,121
-
_
($100 par)
first preferred, redeemable at 110; 48,140 nonshares. A voting trust
owns
665 shares of the common, and New York Telephone Co. holds
the rest of the common and all of the second preferred.
The Commission's action was taken on recommendation of Examiner
William T. Wilkinson.
The new 4 >/2 % first preferred will be redeem¬
able at the company's option on 30 days' notice^ at not more than five
1416.
p.
4 authorized the
Dec.
on
to
22,826 are 6V2%
which
411,266
$2,343,025
$89,238
common
15,
share
a
corporation has outstanding 71,966 shares
The
$2,280,855
$2,080,487
262,538
21,788
Canadian funds of two cents per share
stock, payable Jan. 15, next, to
in
the
$100
price,
$334,400
154, p. 1416.
Commission
Service
York Public
New
than
callable
—/
on
50,000
900,255
$2,318,603
dividend
A
i
55,000
22,547
!
1103/
and;June ?l, 1940.—V. 154,'.p,
/The directors have declared a
shares of 4V2% first preferred stock at not
redeem a like amount of 6Va% shares out¬
standing, but refused to allow the company to sell an additional 12,174
shares of new 4V2%
stock to pay off $1,200,000 of bank loans.
<' ,7, '
The company will
reclassify 27,174 shares of 6'/2% preferred, the
unissued balance of 50,000 shares authorized, to enable it to sell the
new
shares carrying
a lower dividend
rate and smaller redemption
less
$2,103,034
gross
Corp.—Stock Issue—
corporation to sell 22,826
■!';
'2,095
Premier Gold Mining Co.,
•
•'
V.
'V
$69,545
deficit
Net
.'
deficit-./. 7 $309,656
5,073
Income
__
Deduct,
It/
910,155
5,000
5.500
revenues.
oper.
Taxes
.
to
the
Dec.
on
Dividend^f
recently declared on the common
stock, payable Dec. 22, to holders of record Dec. 10.
A like amount was
paid in each of the three preceding quarters, as compared with $3. on,
Dec. 21, 1940, $1.50 on Sept. 20, 1940, and 75 cents each on March 21
dividend of $1.50 per sharfc was
A
Dividend of 75 Cents—
*$1,137,879 *$1,368,348
$30,255
*$206,188
___
aged employees.
At the
calling of a special meeting
23, 1941, and recommended
of the aforesaid plans."—V. 154, p, 1383.
held
be
Rochester Telephone
The
'/'
cable
and
revenues.
oper.
to
available
authorized
directors
stockholders
that the stockholders approve
'
telegr.
Net
,
become
would
the
time,
same
gen.
cellaneous
which
benefits
Sloss-Sheffield Steel & Iron Co.—$1.50
19, 1941, unani¬
Nov.
on
adopted a
resolution approving the aforementioned plans,,
subject to the approval of the stockholders, and authorizing the officers,
if such
approval be given, to enter into a contract with the John
Hancock Mutual Life Insurance Co. to insure the retirement annuity
mously
1941—10 Mos.—1940
1941—Month—1940
.Period Ended Oct. 31—
*N
at. their meeting
the directors,
Accordingly,
(& Subs.)—Earnings—
Postal Telegraph, Inc.
stock
dividend
/". v/ • '
•
7 / *' "
(
Stock Dividend—
was
recently
declared
on
■'
; ■
"7
7
the common
stock,
payable Dec. 29 to holders of record Dec/8. On March 15,
a 6%
stock dividend, and on March 15, 1940, one of 5%.
Regular
on
of
the
quarterly
common
•
1941, paid
'
■*'
share are paid
cash, dividends of
stock, the next
25 cents per
being payable Dec, 15 to holders
one
record Nov. 25,—V. 153, p. 4417/
.
i.
«,
/
.
/
/
>
*
-Volume 154#Niunbfcr:4'019 /7/^5*
■
.
creation
issue
f /The co^ratloWL^^
outstanding first mortgage J
li* 5'>,A«onvertible..t6in^lhg, fundidjonds to' $750,006, from $983,000.
The
!. 7 Union'i?FrUBt" •'Co;^:!Pfttsb'uS'gh,sdle:>o-wner of the bonds, has waived -'
rand action,
the
Reduction of the outstanding bonds to $750,000 eases the indenture, j
-v^ under j Which ;tjOe;"niftbagement could not pay a dividend on the capital j
the
amount
outstanding
exceeded $750,000,
unless
the
of
convertible
number
receipt
of
preferred
the
shares
stock,
and
thereof
to
the
assure
-stock
(par
■"Which
current
authorized
$5)
to
share
3,600,000
designation
the
capital
from
shares
(par
be
will
3,000,000
summarized
by Industrials to Railways and the acquisition from
Railways of all the assets of Industrials, to wit: AU
the 14,500 outstanding shares of common stock (no par), stated valuo
$50 per share, of Mason City Brick & Tile Co.; the promissory noto
of Mason City Brick & Tile Co. in the
principal amount of $250,000,
-
in
presently
due
'to
certain
reservations,
offer
to
to
the
stockholders,
for
$5O0,0b0rof
p. 1103. f
(
Thomson
to
Dec. /I
~
Electric
dividend
of
$1.50
holders
of
Welding
per;.share
/.any of the increased
versions
.»•
■•/I/
record
Co.—$1.50 Dividend—
paid
was
Nov;' 14.'-A
the
on
similar
distribution
also,
was
of
In
to
the
assure
meeting, stockholders
promptly.
are
/Consolidated Income
'
A
dividend
final
6f
75
cents
stock,, payable Dec.
common
share
per
15
holders of
to
been
has
declared
record Dec.
1.
"
con-
to
necessary
sign,
and
at
and
Oper.
oper.
i
Net
./• ceding quarters, regular distributions of 25 cents per share were made,
/Total dividends paid in 1941 will' amount to $1.50 per share, as
against $1 in 1940.—V. 151, p. 2958.
■
prof,
Prov.
36,385,123
51,715.706
exps.„
30,223,722
40,671,471
1940
'
!
oper,«,
defense
of
Dec.
26
$7
to
1941
amount
$6
holders
made
was
share
per
the
on
of
the
all
per
annum;
(no
par)
of
assets,
if
other
transfer
126,350,127 236,158,402
93,255,273 172,786,457
6,161,400
11,044,235
33,094,854
63,371,945
of
stocks
said
6,161,400
11,044,235
255,652
33,094,854
58,871,945
;■„
v,
accordance with tb»
In
1385.
,
was
of
record
issue
preferred
Dec.
12.
Dec.
on
;
27,
to-$13 per share.—V. .153, p.
$100,
par
The
New
of
pay¬
distribution of. $7.50
A
payment ^arrearages
account
on
stock,
and
1940,
of
one
the' preferred
on
'
/
/
declared
recently
I
.
per
$6.50
on
will
stock
256,/.//aL:/,.'//'IL.v.
United States Lines, Inc.—Stock Removed from
Listing
York Curb
Exchange Dec. 8 removed from listing the pref¬
company.
Trading was suspended Nov. '27.
The
United States Lines, Inc., a Delaware
corporation, was absorbed by
United States Lines Co.,- a Nevada
corporation.—V. 154, p. 1385.
stock
erence
to
economy__
..;' / \'
••••■,'
dissolved
154, p.
cumulative
this
on
Dec.
28, 1939.
/ / After the current
transforma¬
from
peace-time
I
:
from
for
tion
dividend
shafe
31,
be
Delaware—V.
$
revs._„
and
costs
.'
1939
.v
$
Oct.
,
■
:
pre-
time
and
United Stores Corp.—$7 Dividend—
.
'A
the
-In
Co.,
V/./.'^
of the State of
accumulations
(Including Wholly Owned Subsidiaries))
1938
/K
[
on
the
at
Thereafter Industrials; will
3.
return
10 Mos. End.
Sales
j
by Industrials.
"
laws
'
quorum
complete
-Calenda Years-
j:
it
to
'
:
/,
.
able
Account
on
»
with
L
...
June
Tokheim Oil Tank & Pump Co.—Larger Dividend—
-'/
k
the
of
presence
requested
on
$1.50
.
connection
-
V
Sept. 2, last; which compares with $1 per share on March 1]
2, last, $2'per- share on Dec. 26, 1940, $1 on Dec. 2, 1940, f
Sept. 3, 1940, $1 on June .1/ 1940, and 50 cents on March 1,»
1940.—v. .153,;p. 1290.V./■/.>
,
*
'<
m
and
*
'
.
proposed
amendment
of
the
for approval and adoption by the stock? ;
incorporation
order
in
except
proxies
*
made
stock,
preferred stock.
/
/ :/,
-/ Directors
urgently
recommend
the
the
r
on
common
of
certificate
j
stock
common
•
present intention to issue
the bank, loans and $500,000 against the issue
holders.
A
<■
.
of bonds,' so ? that ithe sole-funded debt now outstanding amounts to
A the $750,000 of 5%.boiids owned by the Union Trust Co. of Pittsburgh.
<1 ('JWall Street :Journal.'!)-?V. 154,
Industrials
Cement
shares no-par, stated value of $100 per
share) and the cancellation
by Railways of the open account indebtedness, in the amount of
$1,383,281-phis accrued interest thereon amounting to $228,129, owed
'
paid dff the
owned by
any,
Portland
\/ and note to Railways:'; ' /,/)/'•'
L
subject;j' / 2. The surrender by Railways to Industrials and the acquisition by
Industrials of all the outstanding
subscription!!
capital stock of Industrials
(10
•
jz-tis noty automatically ffeduced'to $1,000,000. /As of Dec. 31, 1940, the]- rfor cash, at
par, as soon as practicable thereafter, all the 265,669
'L la&Lavailable' figures, current assets *were $2,259,425, and current/
/.shares of authorized preferred stock in a single convertible series.
It
'liabilities $1,309,965.. '
' •
' "L '
./ A'Ay is expected that the
offering will be underwritten by a group of
Jif Qince*issuance.oljthese .obligations fh'ree, years ago the company has,
responsible investment bankers. ;There .is no
^
States
known), and 265,669 shares of preferred stock (par $100). .*
If the proposed amendment be
approved, it is now planned,
'.assets pxceeded Current "liabilities, by v $1,500,000.
> ;>
V
///
j
lli v The ^mount-required *s 'excess-of current assets over current liabilities
.
follows:
as
1, 1940, and bearing interest at rate of 5!£%
shares (approximately 4%). of the common stock
Northwestern
■
described
by
Jan.
8,000
$5)
of common stock
(by I
authorized shares will thereafter be V
and
transfer
Industrials
capital
of
The
1.
cor¬
the increase
shares
1497
present
proposed amendment of the certificate of incorporation,
a
present
tA':
to
of
/■by which the principal changes to be effected
;
stock-while
of
approximately $26,000,000.
<
'
/ /
At the special meeting of stockholders, to be held on Dec. 30, 1941, I
/.there will be submitted to the stockholders, for their consideration [
//>
.
class
a
sufficient
a
,
cohYsr^onvprlvilbg^.'.' and as, a result the company will now have]
//shares Ziii its treasury .which:,:yirill be available for other corporation ]i
of
poration
■/. the
if needed.
of
;
V
purposes
JfKMSU*
THE COMMERCIAL & FINANCIAL CHRONICLE
f.
Superior Steel Corp.—Reduces Outstanding Bonds—.
,
-wf
of
this
4,500,000
United States Steel Corp.—Director Called For Active
Towne Securities Corp.—$3.50^
;
„
The
directors
declared
have
Dividend^-
dividend
a
of
$3.50
share
per
Balance
>
Other
income
the
on
232,836
/
801,362
918,946
33,896,216
59,790,891
Duty in the U. S. Naval Reserve—
Irving S. Olds, Chairman
special meeting of. the Board
'
7% ".preferred stock, on account of accumulations, payable Dec. 20 ..to
holders of record Dec. .12; /This compares with $3 paid on Sept. 23,
Total
Other
_/ last, $2 on May 31, last, and $1.75 on April 7, last.
> Total dividends on the preferred stock in 1941 will amount to $10.25 ;
per share, as against $7.25 in 1940.
••••/''■ v///./;/ ■//•/•'-/! ;//:/// ?.■■-,1
income
Normal
*
•
6,394,236
liabilities
'
Z 41,428
11,299,888
'/"//; 79,097
987,449
1,876,467
taxes
Excess
254,179
Arrearages at Oct.rtl, .1941, were reported to be $43.25
r
.
149;
V.
share.— ;
per
Net
4043;
p.
income
8,869,248
10,546,280
36,599,137
15,443,057
,12,510,161
5,313,382
Consolidated
Assets—
'An
the
.
v.
initial
dividend
152,
25
cents
holders
to
of
declared
record
Dec.
on
Cash
1.—
The SEC
for-cash
of
approved the proposal of company (a) to acquire !
time during the period ending June 30,
1942,
of
additional
$3,000,000
of
stock
having an aggregate par
Union Electric Co. of Illinois; j.
common
subsidiary,
its.
■
-;
'••
dividend
in each
of
June 29,
•
1940
Aircraft
its
of
in
the
calling
poration
$26,000,000
'-arranged.
The
■// "•
in
•
E.
E.
25
State
cents;
28, $1.—V. 152, p. 2253.
;
its
Year
1941
&
and the Government's upward revision
requirements have resulted
in
a
9, and signed
President, follows:
by
F.
B.
:V/"
'
-
correspondingly.,{,>
•
r
'
*
,
ings,
seems
will
present
"
I
)
should take, into account only the demands
emergency and should fail to make provision for the
it
of
Dec.
this
-.ties.vf Following 4l»e i-Civil.-' War,
|i
there
occurred
WLtliin our/bwn ^experience,
we
i
a
vast
have
seen
Expansion
similar
of:
engineering
.effort
;
'•
to
provide
organizations
engines,
■
..
are
airplanes
and
for-war purposes and to prepare for the opportunity which may follow
emergency, if ^circumstances/are favorable.
// r; - We are already in ^position to partjcpate ih this enlarged field from
the PQiht of view, of - plant.^cpount and personnel, and we take
pride
in
June
.
truly outstanding contriperiod of emergency when
a
profitable extent.
With-:-t.he'seVr«ohsider^tiO!is>:4i);rihindi'V,the
various
'
1
alternatives fdr
raising
additional -. .capit&l..have/fceen ; -carefully explored, and the
.management has come to the oohciusion/that the one most satisfactory
.to the'corporation, and most in the interest'of the
stockholders, is the
•
Dec.
on
the
class
An
initial
on
May
amount
payable
24,
1290.
been
stock,
first
15
made
was
549.
'/
holders
to
this
on
?:
of
issue
Feb.
on
1940;
26,
Lv.-/.'////""
■
.
of
account
on
Dec.
payment made since
154, p.
:
,
declared
payable
distribution
the
was
-
A- "
...
„
French
The
the
leased
cents
special
a
1940,
$1
and
152,
40
share
per
Dec.
15
each
of
cents
recently
was
holders
to
were
made
of
declared
record
March
on
30
cents
and
per
share
In each
regular
a
of
Dec.
of
the
th®
on
1.
June
15,
50
Dis¬
15
and
cents
three
on
preceding
1454.
p.
directors
have
declared
;
dividend
extra
of
62%
of
37%
cents
•
cents
per
-
on/
share
per
stock,
common
year.
•
r-
,
.
W. R. Coe Vice-President and Treasurer—
"■
William Rogers Coe,
a
director of the company, has
Vice-President and Treasurer, effective Jan. 1, 1942,
and
j
an
quarterly dividend
both payable Dec. 27 to holders of record Dec. IB. «
An extra distribution of 62% cents was made on
this issue on Dec. 27,/
/
,—
(build¬
last;
15,
of
payable
50
( share and the regular
last
emergency expansion of basic plants
of
Virginian Ry.—Extra Dividend Of 37 ^ Cents—
88,814
21,691,035
dividend
stock,
15,
Dec.
4,500,000
13,283,455
10,791,214
been
elected)
succeeding
,
A.
Browne who is retiring after 36
of
years
service.
Mr.
Ivina
Browne
ia
properties,
receivable'
from
reimbursement
.
the
Emergency Plant Facilities Contracts,
://
receive
such
Vultee Aircraft
having
See
Co.—Registers With SEC—
"Chronicle," Dec. 11, p. 1453—V. 154,
1386,
p.
-
on
Corp.—Special Dividend—
10 declared
"B"
stock,
last,
Aug.
a
of
which
10
was
1 and Nov.
Week
special devidend of 10 cents per
payable
distribution
1,
Wabash Ry.—Car loadings For Dec. 6th Week
Dec.
cents
22
to
per
followed
1, last—V.
holders
share
bv
was
of
record
made
154,
Total
Nov. 8, '41
Dec. 7, '40
6,207
5,616
10,973
10,468
——
9,999
17,180
16,084
15,740
5,740
—________
During the week ended Nov. 29, 1941, a total of 16,929
p. 1386.
;
ryAAOAf"
(L/'V
werW
cars
loaded—Vri84,
Corp.—Accumulated Dividend—
share
.
..
-
25 cents
Dec.
24
was
made
1941,
and
15
/
*
'
.
on
share has been
holders of record
per
to
/;; /■'/
on
Dec.
A
the
capital
similar dis-
,■
The
'.on
Nov.
103,863,375
12.7%—V. 154, p. 1385.
which
will
located
companies
near
Mason
engaged
City, Iowa.
In
the
"cement
and
dividend
a
of 30
cents
per
share
the
on
ceramic
business
The several proposed transactions
are
Spencer Steel Co.—Initial Dividend, Etc.—
directors have declared
E.
C.
Bowers,
estimated-«,t
are
an
initial dividend of 50 cents
per/share
York
unit
G.
A.
Bus
Co.,
a
the "Associated
Stevens
around
/;•
.
154,
The
York,
dividend
stock,
last
Sept. 10,
—
1418.
p.
of
■
subsidiary of the
Gas
Chicago
Pa.—V.
154,
&
for
p.
Electric
York
system,
$220,000.
.1272. "
York
•
Rys.
Co.,
sold
was
Bus
which
/'/•.
of
par
15
cents
$1,
distribution,
per
share
payable
Dec.
amounting
to
1932—V. 154,
p.
1154.
20
15
was
to
recently
holders
eents
per
5
in
a
-
L L
record
share,,
was
Z
to
anci
,
declared
of
is
Dec.
operates
Zoriite Products Corp.—Resumes Dividend—"
A
capital
$10,
par
Railways—Sells Bus Company—
York
ip
stock,
President, stated-that" net sales for the current' year
approximately $22,000,000, and net earnings at about
$1,850,000 before Federal taxes.—V.
proposed
accomplish the dissolution of Industrials, a
Industrials is a non-utility hold¬
ing company which owns as its principal assets, securities in Mason
-City Brick & Tile Co. and Northwestern States Portland Cement Co.,
are
(Iowa)— 30-Cent Common Div.—
on
the voting trust certificates
representing common
payable Dec. 23 to holders of record%>ec! 17.
The
/wholly-owned subsidiary of Railways.
rwhich
V
,
Co.—Liquidation and Dissolu¬
Light & Power Co., The United Light & Railways Co.
United Light & Power
Industrials, Inc, filed with the SEC
26, 1941, an application with respect to various
transactions,
1941—11 Mos—1940
$6,181,188 $75,925,680 $67,153,955 \
stock, payable March 1, 1942, to holders of record Feb. 14,
1942.;-A like.amount was paid on Sept. .3 and Dec. 1, last.
The previous payment on the common stock was 20 cents
made on Feb. 5,*
1938—V. 154, p. 480. - /
,v
;/ / -''
The
United
and.The
Co.
have declared
Wickwire
Co.—Weekly, Output—
increase of 13,231,986 kwh., or
United Li?ht & Power
£:•/■
Western Grocer
: ///"/
year,
an
154, p, 1306.
The directors
declared
//;/,
1941—Month—1940
$7,161,695
—V.
15.9%—
common
Sept. 24, last, as compared with 20 cents on
cents, per share in preceding quarters.—V.
153,
United Gas Improvement
Period Ended Nov, 30—
Sales
-
4.
Walgreen Co.—November Sales Up
.:
tion of the United Light & Power
Industrials, Inc.—
]
Dec. 6, '41
connections—..
on
1008.
p.
Ended—
Loaded locally
Received from
quarterly payments
The electric output for the UGI
systepi companies for the week Just
closed and the figures for the same week last
year are as follows: Week
ending Dec. 6, 1941, 117,095,361 kwh.; same week last
kwh.;
corporation
demands for
.
,
similar
also paid.—V.
quarters—V.
117,070,597
III"
~
IIIII""
if
its leadership during and
.after the period of: readjustment which will follow the close of the
/war, it should be provided with additional aipital funds in substantial
oaniouat. :'"/We/bahbot,.now/ forecast'.w*ith any accuracy whether all or
.'any part of the expanded^facilities will be required for peace-time
i operations, but /it seetos obvious that the corporation.
should put itself
-rin>a',positiOh* tja ilitlB«e ,fhem"-tp^^^
issue
tribution
•
L
/military aircraf/t ..equipment and. Jo maintain
■i a
15.
stock,
•
p.
the
.'-the country is most in need of it.
It seems clear that
is to continue to play its "full-part in "meeting current
.
defense
.•
improvements to
;/1A dividend of
all their energy in the
propellers of advanced types
'-
.
special
Sept.
1,540,416
HH
production "to
IL United Elastic Corp.—25-Cent Dividend—
;exerting
the fact that our employees have made
//bution through expanded production in a
:
from
i
.
.
..
1
has
preferred
was
tributions
;
of accumulations, both
on the 7% cumulative preferred stock, payable Dec.
20 to holders of
record Dec. 5.
A payment of $1.75
per share was made on Oct.
1,
last, the first since July 1, ■ 1940, when a like
amount was paid—
V. 154, p. 549.
./■•
■"•
•
'.
,
trans-!
.its research and development pro-j
gram. / Aviation isAStil/'in a/state- of. rapid technological development,
an'^s the .press,"is /accelerating normal prograss. Our research
and
.
A
share
per
of
10
cents per
share was recently declared on tho
stock, payable Dec. 30 to holders of record Dec. 10, subject
of the Foreign Exchange Control Board.
A similar dis¬
common
29,202
•
The directors have declared a
quarterly dividend of $1.75 per
and a dividend of $1.75 per share on
account
|./^tudities -will depend largely- Aipon
'/j
compares
"
i portation developments..id-«the; .use of the automobile following the/
'last' war./ We believe/thaL air ^.transportation may expect a similar!
period:of increased utilization and economic importance when the
; world "returns to" peace-time - conditions, / •'- ■
■/. - '-•
- i
;» /The-degref tp which-jthe-»corporation -may participate in these oppor.
...
;
common
This
Viking Pump Co.—$1 Special Dividends—
.
A
IIIIIII
IIIII
United Dyewood
is, of course,-impossible to -foretell the future of post-war aviation,!
but, reasoning from analogy,, we can see certain potential opportuni-,
/ the railways.
the
on
19.
and
on
of like
antici-;
La-/It
;
.
18,280
exchange of United Aircraft
(par $5)__
The directors
share
r
|
47,145,418
{
United Drill & Tool
the;
pated requirements rof the post-war period.
We are, therefore, out- '
I lining below some of the factors which are believed to be important
in
any consideration of long-range capital requirements.
■
Dec.
call
and that
accordingly be had to other methods to provide the!
funds.
At the same time, it is felt that any program for
/ supplying the financial needs -of the corporation would
necessarily be
If
declared
made on June 25, last,
and on Dec. 21, 1940, which
compares with 5 cents on March 30, 1940, and on July 29, 1939, 10
cents on Jan. 4,1939, and 12 Va cents on
July 5, 1938.—V. 152, p. 3203.
6,184,880
IIIIIIIIII
subsidiary_IIIII
been assigned to the bank.—V.
154, p. 1385.
necessary
incomplete
$1
the
28.
was
tribution
241,250
profits taxes:
Canadian
United States Government under
the right of the
corporation to
must
recourse
of
on
.
vtion to increase working capital out of earnings is limited,
,
record
also retiring as a Director and as
$128,516; machin¬
Secretary and will be succeeded
equipment, $14,011,101; under construction,
$449,989), | as Secretary by C. V. Brown, who also will assume the duties of
$19,146,914; total, $35,504,243.
Assistant Treasurer.
Less—Reserves for depreciation
amor¬
//•/: .
/
tization and
retirement, $22,370,518; balance, $13,133,725;
Mr. Coe will give his full time to his new duties and accordingly
emergency ;j
plant
facilities acquired
under emergency plant
will sever his connection with the investment firm of Harriman Ripley
facilities
contracts ;
with the United States
Government—costs to date, $20,281,887.
i/& Co., Inc.—V. 154, p. 1386.
tPayable in instalments from reimbursement
tools
ery,
;
for additional working capital.- It
obvious that, in a period of this kind, the ability of a corporaThese .operations
excess
sundry contingencies—.
$4,557,306;
been
of
/ to'approval
459,997
IIHII
'
^
has
dividend
A
953,673
subsidiary
British contracts and other
the
1941,
economy
Nov.
$1
common
56,025,378
Canadian
0
coming year,"-scheduled deliveries forecast
shipments "of
$500,000,000, or approximately ; J657<?
of the shipments for the year
;
30,756
!___!
expenses
income and
contracts:
to
Corp.—$1.10 Dividend—
share
holders
per
Ventures, Ltd.—Dividend of 10 Cents
199,755
$201,464,229
"Property and equipment—basic plants (land and
buildings, $8,229,899; machinery, tools and equipment,
$8,127,429), $16,357,329; emer¬ i
gency
plant facilities acquired for the
performance of
■
:/:/••/•/,../"■j
.
record
when
,/,Total
of
are
dividend
.Nov., 15, last, which
1,495,146
Paid-in surplus
Earned surplus
Dec/31, 1939, to Oct/31, 1941, the corporation's investment I
before depreciation, . increased from approximately $19,000,000 i
to approximately $56,000,000; it,s rate of shipments grew from approxi- i
mately $6,000,000 per month to approximately $32,000,000 per month, !
and its employment increased from
9,000 to 31,000 persons.
While i
/
plant expansion . and increased operations have been
largely
self*;
financing,
nevertheless,;/during the period, those
operations
have
required the intensive employment of the corporation's own resources. (
Notwithstanding increased sales and good earnings, working capital has
increased
IIIII
IIIII
:
transformation
Capital stock
From
In
for
$1.10
Dec. 29
payable
Valspar Corp.—$1 Preferred Dividend—
320,728
Corp. stock
sales
peace-time
;
601,110
payable to bank
Reserve
in plant,
not
contra)
(per
.
the extraordinary^demands of the present emergency, and
'divisions—Pratt & Whitney Aircraft, Hamilton
Propellers.-and Vdught-Sikorsky Aircraft—are now running
..
bonds
;
for
•
45
A
2,117,544
unconsolidated
Unconsolidated
Reserve
'
,
.
the
cents per share paid on Sept.
30, last, 25 cents on June 30,
on March 29, last, 50 cents on Dec.
28, 1940, and 20 cents
March 28, June 28 and Sept. 30, 1940.—V.
154, p. 1104.
514,352
$18,675,582
Savings
on
Federal
Transport
Notes
•;
,
Directors
reduce
dividend of
with
on
_$201,464,229
wages___
taxes
to
on
'"■/ /■
-
/last, 20 cents
Customers
Rentschler, ;
:/■//''/..J
ahead of contract, schedule rate in ,the production
propellers and airplanes.
All plant expansion operations
'
j___
mos.)__
Advances
planning, corporation has succeeded to date
advanced.'
well
•
10
■■■/.-/'
of
to
as
Universal-Cyclops Steel
"33,415,612
1940
Indebtedness
A
alternative
Corporation, has been accepted
:-/;■;//'.,./■/://.■■•//;■'' /.;,/■///".,>/./,/,/
,
..
Board
stock,
I
Accrued dividends payable
upon
substantially
engines,
for
following
an
as
.
so
/'/ A
3,660
miscellaneous
Provision
Capital Need—Company i
as
Result of Japanese:
*
*•' L.'
dated Dec.
careful
sundry
Accrued
j
three .operating
Standard
/;
'
154,411
notes payable to bank___
franchise taxes____
!
Federal capital-stock tax__
Accrued
and
,
.
110,435
compensation
Accrued
defense
Wilson,
incentive
paid
meeting
'
•
30,
and
commissions
original; draft of a letter to stockholders of the cor- '
a special meeting on Dec. 30 to approve the sale of
new .-preferred
-/stock.
The meeting will be held as
letter,
and
March
subsidiary
II"
interest
r
Japan
national
result of
the
As
in
present
Chairman,
with
war
20,000,000
73,503
Accrued
Accrued
follows;
as
Directors,
Board
voted to amend the by-laws of the corpora¬
membership of the Board of Directors from
18 to 15 and the
membership of the Finance Committee from 12 v.o 11.—V. 154, p. 911.
>:
/
;
30,150,546
cost
Accrued
was
Reserve.
The
tion
320,728
cost
stock,
Stockholders
'
estimated
change
made
Corp.—War
to
like amount
A
of
announced that the resignation
the
regret.
Mr.- Morgan felt obliged to tender his resignation
of having been called to active duty in the United States
accumulations
salaries
Accrued
common
Board
Dec. 9,
resignation of Junius S. Morgan created a third/vacanacy on
Board, there having been two previous vacancies caused by th»
resignation of E. R. Stettinius, Jr., and by the death of David P.
Houston.
——
Accounts payable
Employees funds—Defense
quarters.
were
'.("./'
Outbreak
ef
payments
Letter
Attack—
.
share has been declared on the
75 cents; Sept. 28, $1/and Dec.
United
•
4
per
three preceding
the
Revises
.
$1
payable Dec. 27 to holders of record Dec. 20.
During
'
of
much
reason
.The
Liabilities-
Union Twist Drill Co.-^To Pay $1 Dividend—
A
Canadian
—________
Accrued
the
of
on
member of
a
the
621,844
charges
Total
///WiSX
//
by
$54,151,904
receivable
assets—at
Deferred
period -ending June-30, 1942, 150,000 shares of its com¬
mon
stock having an aggregate par value of $3,000,000 and to use j
the proceeds therefrom to finance its construction program.—V. 154,
L.
unconsolidated
Miscellaneous—at
Fixed
with
•
assets-
the
p.
-
.
as
member of the Finance Committee of the
1941
31,
Morgan
61,947,233
current
Mortgage
4b)
during
Sheet, Oct.
>/ •
-
deposits
Other security investments
Other investments
.
to pledge utider/its first mortgage and deed of trust the 150,000
'shares'of the-common stock of its said subsidiary, so to be acquired;
(". by it; and the proposal of Union Electric Co. of Illinois to issue and ,
/-sell to Union .Electric Co. of Missouri for cash from time to time!
and
i
demand
__________
time'to
shares
150,000
value
Other
,
Stock of
Dec." 2
on
from
and
Inventories
v';
^
Balance
«
hand
on
9,298,419
Cash—Defense Savings Bonds purchase account
(per contra)
U. S. Treasury notes (Tax Series
B—1943)
Accounts receivable—trade (less
$10,000)
Z
s
;
Shares— ^ ^:;v V
;
15
recently
was
*.Union..Electric ,Co,;of'Mo,~To Acquire Illinois Unit'
.
!
share
per
Dec.
;
2721.
p.
of
payable
stock,
common
8,344,322
5,298,816
;
3,245,802
Unexcelled Mfg. "Co;—Initial Dividend—
"
Junius S.
■Naval
5,365,358
Dividends
135,312
9,329,730
profits taxes-
-
'
of
'
"/
// : /■/
on
Dec.
made
//
the
8.
on
V.
-
^WTUS^ttG^4S8WttWWf9fW#i
•
Tawirerarrtrtre*
THE COMMERCIAL & FINANCIAL CHRONICLE
1498
Member Bank Condition Statement t
Condition of the Federal Reserve Bank
:
y~
/;//;///;/%'/// of New York
The
following
shows
the
New
York
of
Bank
Reserve
corresponding date last
the
V' Assets—
hand
on
$
U. S. Treasury*
due from
Redemption
fund
casht
i
'
A
*
48,771,000
58,693,000
9,623,230,000
dealers in
..
'
Govt,
U„ S.
.ties
4 .
R.
Uncollected
A'A *,,
364,774,000
379,573,000
v
202,022,000
201,547,000
265,782,000
?
items
Holders
$40,000,000
of "other
federal Reserve Banks
at.d
Philadelphia
*j»'v
568,606,000
18,000
18,000
18,000
banks
.........
3,124,000
2,311,000
2 ,176,000
205,451,000
230,087,000
186, 436,000
10,661,000
10,640,000
9 ,720,(KM)
13,139,000
12,732,000
16 147,000
premises
Other. «ssets;.+....
:
paper
>,
-
-
'
.
,
//y Rate
-
>1, 1939
Sep
i Vfc.
•
,
■
1
Sep
1 Mi
May
,
•
1 Mi
Aug 27, 1937
Richmond---jj—_J—>/•• / 1M+
Atlanta
2
4, 1937.
11, 19351
,.;*1Mi
—
——
Minneapolis;
at all reporting
.v
Francisco
San
declined
'Advances
re¬
1937
1937
Aug'21, 1937
Aug 27,
Aug 21,
/—V-.'.:*lMi
Louis
Kansas; City
Dallas
on
Government
Sep
Aug 24, 1937
Sep
3, 1937 :v,
MMi
IMi
Aug 31,
1937'
Sea
1937
obligations
2
2, 1937:'^
*1Mi
rlMi.;
? IMi
bear a
"2
yi/yv
2
'■.i'
•
t>-
"•
2
,
2
/
rate of
1%,
-v.j
effective
Oity and Dallas;
Sept. 1, 1939, Chicago: Sept. 16, 1939, Atlanta, Kansas
21, 1939. St. Louis, vy
Sept.
Course of
.
>
■
•
"
Deposits credited td" domestic banks increased $95,000,000 in New York City, $26,000,000 in the Chicago dis¬
trict, and $155,000,000 at all jeptQrtipg inember banks..
Sterling Exchange
The market for sterling exchange is quiet and steady.
The. free pound is" firm in dull trading.
The range for
sterling this week has been between $4.03'A and $4.03%,.,*
with
of between
for cable
compared
A summary of the principal assetsand.IiabUities. of
with arrange of "between $4.03% arid $4.04 a;,week.'.ago'.a ^
reporting member banks together with changes for the
Official rates quoted by the Bank of England continue "
week and the-year ended Dec. 3,1941, follows:
/unchanged: New York, $4.02V2'$4.03V2L Canada, 4.434.47 (Canadian official, 90.09c-90.91c per United States
Increase ( + ) or Decrease(—>Since
Since A//
dollar); Australia,. 3.2150-3.2280; New Zealand^ 3.2280-
648,320,900
572,364,000
of
Demand deposits-adjusted declined $141,000,000 in New
645,355,000
566,321,000
__—;'
Cleveland
.
570,869,000
-
'
City and $128,000,000 at all reporting member
banks, and increased $30,000,000 in the New York district outside of .New York City" and $29,000,000 in' the
Cleveland district.
//
;
Established
Dec, 12
York
New
Chicago
all
^
■
Reserve Banks / .'/
.....Date a1:'/- «y;; previous
' ;1:
.1
Boston
St.
securities"
ad-
'
York
3,215,000
banks...
other
of
and
Federal
Rate in Effect
$12,000,000.
$25,000,000 in New York City and .$42,000,000 at
porting member banks.,;l■.
J/!.■?*
■
secun-
4 4 4.^44
foreign
notes
Bank
4
4
district
banks.
member
365,632,000
•:
_________
and
bills
from
Due
F.
1,783,000
se-
direct
guaranteed
..
1,182,000
Francisco
San
guaranteed:
curities,
•*::
1,190,000
1,095,000
;
__
?Total
;■
400,000
increased
Rates of
Discount
/Holdingsof Treasury bills increased $14,000,000 in the
501,000
35,000
25,000
di¬
Bonds
■
681,000
1,155,000
1,095,000
discounted.
Notes
Total
securities
banks:
at the different Reserve
Commercial, industrial and agricultural loans declined
$12,000,000 in the Philadelphia district and $9,000,000 at
all reporting member banks.
Loans to brokers and
\
footnote
of; rates now in effect for the various classes
;
000,000 in holdings of United States Treasury bill^, 'de¬
creases of $42,000,000 in "other securities" and
$128,000,-;
000 in demand deposits-adjusted; and/an inereaserof
$155,000,000 in deposits credited to domestic banks.
' /
AA-'
$
8,243,239,000
•'
Bills
:;'A.
:'46,694,000
375,000
securities,
and
rect
;
■
8,203,798,000
advances
Govt,
$
-
1,1940
1,483,000
•
discounted.
bills
Total
r,
Dec.
3,1941
1
banks; recent
Reserve
obligations are shown in the
to the; table.; The following is the schedule
Government
on
vances
Federal
of the
rates
count
reporting member
leading cities shows the following principal
changes for the week ended Dec. 3: An increase of $40,-
and
direct
bills
Industrial
S.
Dec.
changes this week in the redis-
no
'
-
The condition statement of weekly
•
have been
There
banks in 101
j
<
,
,
Reserve Banks^/f
/
entire
week ended with the close of business Dec. £?•
Govt.,
S.
U.
by
•'
,
961,000
guaranteed
Other
i
1,564,000
............
obligations,
U.
business
9,563,054,000
reserves
Secured
A
Federal
of
of the
returns
body of reporting
member banks of the Federal Reserve System for the
R.
F.
—
discounted:•
Bills
the
8,193,507,000
'
Total
;
of
close
8,155,540,000
Notes
Other
year.
Dec, 10,1941
certificates
Gold
'
the
the
specting
10, 1941, in comparison with the previous week and
Dec.
Discount Rates of the Federal
;/
/
following will be found the comments, of the
Board of Governors of the Federal Reserve System re¬
condition
at
the
In
Saturday, December 13, 1941
for bankers' sight, compared
,
a range
$4.03 V4 and $4.03% last week.
The range
'transfers has been between $4.03 V2 and $4.04,
.
Total
assets
9,008,555,000
9,067,633,000 10,486,047,000
2,015,609,000
1,984,344,000
'
'
Liabilities—
P.
R.
Dec. 3, 1941
S.
bank—res.
acct.
Acct.
Foreign
Other
5,828,826,000
55,402,000
7,509,818,'900
366,142,000 •
395,378,000
611,434,000
534,052,000
475,611,000
471,047,000
5,765,780,000
18,126,000
...............
deposits
.........
Deferred
6,755,217,000
8,648,172.0(H)
197,863,000
162,962,000
-
'
Total
indus-
trial' And
agricul¬
Other loans for
Accounts—
-
paid in
(Section 7.
(Section 13b) ....
Other
accounts
capital
51,802,000
51,800,000
51,089,000
56,447,000
56,447,000
53,326,(MM)
7,070,000
7,070,000
7,109,000
13,497,000
13,421,000
15,946,000
9,008,555,000
9,067,633,000
10,486,047,(MM)
..........
...
Real
v
Loans
Other loans
Ratio
of
total
deposit
R.
F.
"Combined
liabilities
Commitments
94.4%
94.3%
;
Cash
711,000
458,000
457,000
Federal Reserve bank
with
These
gold taken
notes.
the United States Treasury for th«
'
U.
235,000,000
+
204,000,000
2,522,000,000
+
2,000,000
+
651.000.000
4,000.000
+
1,421,000,000
r-1,000.000
+
199.000,000
+
66,000,000
8,348,000,000
+.
2.922,000,000
+
having
aions
been
the
of
as
Act of
Reserve
There have been
of
rates
,.f- 20,000,000
Present rates
at
of
5,390,000,000
the
foreign
Pre-
Argentina
Belgium
Bulgaria
_.
._
.
Canada
._
Chile
/.
Colombia
.
._
vious
Effective
Dec. 12
central
The
1,
1936
Jan
5,
Dec
1,
1940 2 Mi
1940 6
'
Hungary
5
___
Mar
11,
3
Dec
16,
1935
1936 4
Italy
Japan
Jly
18,
1933 5
Java
Denmark
.
Erie
England A..
Estonia
4
Finland
4
_.
France
Germany
Greece
•
Not
—
.
—
>/2
Morocao
1,
1936
Jan
2,
1937 5
Norway
Oct
16,
Poland
Jun
30,
1940 4Ms
1932 3 Mi
Oct
26,
Oct
1,
3,
Dec
._-•
—_
Portugal
...
__
South Africa
Spain
Effective
Jun
Rate
26, 1941 3
22, 1940 4
Members
1936 5
Bank
1936 3.6S
Jly 15, 1939 7
May 28, 1935 4%
May 13, 1940 4M
National City
Chemical
Trust
3
Switzerland
1 Ma "Nov
6
Jan
4,
1937
Yugoslavia
5
26,
Feb
1,
4%
Deposits
Profits "
•;
.
.
$237,604,000
20,000,000
27,343,600
690,243,000
■'
Time
■/
,
33,939,000
20,288,200
First Nat; Bank_l_', 10,000.000
109,278,000
50,000.000
53,997,000
744,696,000
4,000.000
"4,551,600
* 71,428,000
Chase Nat. Bank-
100,270,000
140,711,400
d3,155,544,000
Fifth Avenue Bank
500.000
4.301,800
58,702,000
25,000,000
85,319,200
el,230,196,000
&
Trust
r
"
'
'
."
.^7,819,000
^92,076,000
b2r157,107,000
15,000,000
Co.
783,645,000:
,
,
106,063,000
■.~|/f!
.•
Co.__.j-
Exch.
Corn
Trust
Title
bills
running
for
V2% bid
c
■+«:-/
1,125,6 39,000 ,;Xy?«79,838,000
" W
360,844,000
27,489,000
787,360,000'
^803,000
5,677,000
Trust Co.
______
Trust Co.
_r_L__
Y. Trust Co._/
Com.
Nat.
Bank
and
6,000,000
1,268,700
.17,-193,000
2,273,000
5,000,000
10,216,700
/152,576',000.
2,875,000.
12,500,000
28,093,100
466,317,000
Nat.
Trust
35,538,000
&
Trust Co.^_,__^_
Public
4,438.000
73,378,000
,
&
Midland
Marine
N.
Co.
1,436,000
42,871,000
-
7,000,000
149,164,000
8,984,900.
.
-
1,098,000
Bank
Co.
7,000,000
•110,655,000"+' 54,714,000'
11,125,300
four months,
The bill buying rate of the New
%% for bills running from 1 to
aa/a.../; '•'..,./
$518,661,200S967.515.600
Totals
♦As
1941;
$15,793,566,000
official reports; National, Sept.
trust companies, Sept. 30, 1941.
per
Q Includes
date);
A.r
Trust
$751,326,000
30, 1941; State, Sep.t.. 30,.
denosits in foreign branches: a $284,116,000 (latest available
b $66,590,000
d $98,932,000
to
end
its
lend-lease
aid
to
enemies
of
are
•
The
United States has undertaken to provide one-fourth of
Britain's protein requirements in the next year.; Lendlease
appropriations for nations fighting the Axis powers
"have reached nearly
(latest
available
(latest available date);
date); c iDec. 11)
$2,787,000;
29), $24,975,000.
e (Nov.
$13,000,000,000,
about 20% of the
; total war expenditure in this country prior to our direct
and complete involvement in the conflict this week.
1 Surplus
Marketing Administrator Hendrickson stated
/that $2,000,000 /worth of agricultural products/were
/shipped to Britain daily during October.
:
Production
—
Guaranty
States
Axis
wholly groundless and served notice that
program will continue in full operation.
The Surplus Marketing Administration announced delivery be¬
tween April 29 and Nov. 1 of more than 2,200,000,000
pounds of agricultural products, valued at $250,000,000,
representing about half of the amount of farm and re¬
flated products purchased for lend-lease shipment to the
Bank
Co.j.___
Co.
Bankers
are
.
British Government between March 15 and Nov. 1.
Average
$14,329,000
901.961,000^
v
75,947,390
The demand has been
including 90 days
j
Deposits
Continental Bank &
Dealers'
,
United
a2,592,692,000 ; 157,672,000
33,767,300
■
40,986,600'
Trust
Trust
blocked
regardless of the period of residence
and no withdrawals may be made for
any purpose from such accounts or from safe deposit
boxes, and no remittances may be made to Japan or
any Japanese national, wherever located, including re¬
mittances to United States citizens resident in Japan.
No traae transaction may be effected with any part of
the world, including Latin America, in which Japan 01*
any of its nationals has any interest.
!
President Roosevelt stated on Monday that Axis hopes
that by pushing Japan into the war they can force the
now
the
Association
Average ''
$14,353,100
41,891,200
1935 6M
9/16% bid and %% asked; for five and six months, %%
Net Demand
Undivided
$6,000,000
77,500,000
Irving Trust Co.
York for bills up to and
is
+
1941:
21,000,000
&
1936 2
reported by the Federal Reserve Bank of New
York Reserve Bank
11,
Cent. Hanover Bank
confirmed.
little activity this week.
90 days.
Dec.
♦Surplus and
188,375,200
Manuf.
Sweden
asked.
,
Treasury
this country
in
2,000,000
+
Treasury on Dec. 8 revoked all
and specific licenses in so far as
or
'
18,000,000
—
York Clearing House
New
90.000,000
1940 3M
1933 4%
1939 5
1941 3Vs
1940 4
bid and 9/16%
1,000,000
—
58.607,400
1941
6,
for
568,000,000
20,000,000
Sep 12,
May 15,
Mar 29,
May 29,
—__*4
Thursday,
&
Mar 31,
17.
asked;
400,000,000
+
_____
3
Apr
7/16%
Bank
Bank
Co.
States
,
____
4
good but there are few prime bills available.
and
+
Man¬
Co.
Guaranty Trust Co.
The market for prime bankers' acceptances has shown
as
the
1937 5
| Bankers'Acceptances
rates
of
hattan
.v
very
49,000,000
+155,000,000
—
5,000,000
+
by
The
1937 4
4Mi Dec 17,
3 Mi
the
"Capital
May 18,
Apr
7,
Jan 14,
6
of
Clearing House
4 Mi
Mar
7
business
of
United
authorize,1 directly or- indirectly* any transaction
on behalf of Japan or.; any. national of Japam
explained that Japanese accounts here"
they
Friday afternoon is given in full
vioiu
Bank Of M Y.——
1%
2
close
members
1935 3 ft
3 Me
officially
24 000.000
,
of
Oct
3
on
below:
Nov 28,
6 Mi
—
Rumania
3
1935 5
1934 4Ma
1941
2,193,000.000
+
weekly statement issued by the New York City
3
3
Jan
1939
+
countries
Timor and Macao,
The
are
3,000,000
3
3.29
____
Lithuania
3 Mi
2 Ma
—
India
4
Czechoslo¬
Date
Dec. 12
Holland
2
vakia
•
Pre-
Effect
Rate
Mar
Danzig
85,000,000
hostilities with Russia
immediate practical effect, since the
already; subject;t<x the-British economic, txioclude^
and
was
overshadowed ^ by ,^he Japanese attack - on
Hawaii, made without warning while Japanese envoys *
were still professing to discuss United States
proposalsfor. a multilateral nonaggression pact in the Pacific.
Following Britain's declaration of war against Japan ,
on
Monday, the Board of Trade withdrew licenses for
exports to Japanese-controlled territories, China except
by way of the Burma Road, Thailand, Indo-China, Portu¬
the
banks.
Rate in
Country
3 Mi
2Mi
+
38.000,000
846,000,000
655,000,000.
Clearing House
at
_
25,000.000
—128.000,000
—
9,405,000,000
banks—
Statement
Date
Effect
+'
Weekly Return of the New York Cify
Clearing House
Foreign
the leading centers are shown in the
Rate in
—1,392,000.000
•
table which follows:
Country
9,000,000
+
24,324.000,000
Borrowings
the Treasury under the provl
changes during the week in the
no
any
41.000.000
+
no
outstanding general
Foreign banks—
Central Banks
discount
;
1934.
Discount Rates of
;
•
'
deposits:
Domestic
the difference, the-difference Itseli
profit by
appropriated
Gold
*
42,000,000
—
10,575,000.000
554,000,000
'
the extent of
5.000.000
+
40,000,000-/
Gov't deposits-—
S.
Interbank
of
guese
deposits—ad¬
justed
—
deposits____—
31, 1934, devalued from 100 cents to 59.06 cents, these certificates be¬
ing worth less to
-~V
6,000,000
+
—
3,344,000,000
.
Time
from the Reserve banks when the dollar was, on Jan
over
1.000,000
—
990,000,000
of their failure to end
view
are
7-27,000,000
+
Demand
certificates given by
are
.-'3,000,000
—
domestic
—
•
suspended on July 26, but trading in the
Shanghai yuan was resumed on Aug. 4 under special
Treasury license.^
t
. v**
Formal notification by Great Britain to Finland, Ru¬
mania and Hungary of the existence of a state of war
similarly
-32,000,000
—
Liabilities—
-
own
1.000,000
—
3,650,000,000
_
banks
does not include Federal reserve notes or a bank'»
f "Other cash"
96,000,000
Federal
vault
in
Balances
125,000,000
.+
38,000,000
Reserve banks
-
in¬
...V
advances
dustrial
....
make
to
94.3%
+
12,000,000
;
guaranteed
-
Reserve/ with
note
1,000.000
+
1,969.000,000
_
Other securities
to
reserves
and
—
548,000.000
1,256,000,000
by U. S. Gov't—
/■
9,000.000
+ 1.651.000,000
in
bondS—-.
S.
Obligations
»»*
Germany, Italy
any of the invaded European countries.
Since July 26,
exchange on China and Japan has been suspended by*
Exchange on Japan and China was
was
Treasury notes
(T.
capital, accounts
+
+
banks
to
2,097,000,000
7,000.000
428,000,000.
427.000,000
Treasury bills A-,-—
and
liabilities
Total
-
'
(
Government order j
pur¬
loans
estate
4.638,000,000
carry-
securities
ing
Capital
Surplus
chasing .or
.
+
and
dealers in securities
8,938,895,000 10,358,577,(MM)
8,879,739,000
—
6,593.000,000
Open- market paper
1,616,000
1,471,000
1,593,000
,,....
Surplus
loans
tural
2,000,000'
—
11,259,000,000
Commercial,
Loans to brokers
liabilities
Capital
29,691,000,000
Loans—total
-
-
Investments
—total
including
dividends
accrued
178,437,000
items
availability
liabilities,
Other
6,684,100,000
deposits
/">
r
,
In London exchange is not quoted on
$
v
or
and
Loans
55,873,000
<
Total
3.2442.
Dec. 4, 1940
Nov. 26, 1941
$
Assets—
Treas.—Gen.
Member
U.
1,545,827,000
J:
Deposits:
;f.
•
cir-
actual
in
notes
--culation
*
-
in
all
United
States
or
defense
industries
is
being geared to total war.
Shipyards/and plants pro¬
ducing heavy/bombers, anti-aircraft v:guns, tanks and
.munitions are being placed on a working schedule of 24
hours a day 7 days a week, the OPM announced on
Wesdnesday.
The program is expected to cost about
Si$l,000,000,000 a week and will*require>< construction of
new
war factories
placed well inland as well as con¬
version
of peace-time industries to
war /production.
Stocks of tin, rubber, tungsten, chromite, and magnesium
are already under strict Government control/ and other
...vital materials imported from the Far East will be simi¬
larly guarded.
Director General Knudsen stated that
there will be no need to conscript labor or increase work¬
ing hours while existing labor supplies are unabsorbed.
In July, President Roosevelt asked defense officials
to estimate the cost of a
"victory program," standardizing
of Britain^ Russia and the
to produce everything needed
effect the defeat of Nazi Germany.
The report sub¬
and
pooling the equioment
United
to
States
in
order
mitted to the President last week calls for
an
expendi-
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4019
Volume 154
$120,000,000,000 arid $150,000,odo,000 in
months, thorough industrial reorgani¬
zation, and rigid control of business and of civilian con¬
sumption, together with greatly increased taxes.
Since
the program, which was to have been discussed next
month with Congress and the nation, is reported to have
assumed the necessity for equipping an American expe¬
ditionary force, it is expected that the survey will soon
be submitted to Congress in final form, with previously
calculated production estimates revised to set goals of
speedy maximum output in all defense categories.
The Pacific area is normally the source of vital war
materials, chiefly tin, rubber, manganese, chromite, and
tungsten.
According to the Office of Production Man¬
agement the United States consumes 100,000 tons of tin
and 600,000 tons of rubber a year.: Additional tin can
be obtained from Bolivia, and rubber supplies can be
supplemented by the use of reclaimed and synthetic
rubber. Manganese, is obtainable from Brazil, Cuba and
South Africa, as well as from low grade, domestic" ore.
For tungsten a plentiful domestic supply of molybdenum
may be substituted in many cases. On Wednesday Secre--'
tary^of Commerce Jesse-Jones;said jthatf hd#'s6prces ;:of;
rubber should be developed as rabidly s as ^ssible^ ^ Aj
year's- supply of rubbery hoW on/hahd;/cbtild last;* an*
additional 18 months, he said, if rationed and increased
by expansion of synthetic rubber resources;. Eight suchi
plants, of which four are financed by the RFC,-are ex¬
pected by* 1943 to produce 80;000
ture of between
Foreign Exchange Rates
the next 24 or 30
•
a
year.
DEC.
v
•
——1——
Denmark,
t
t
t
t
"...
1
t;
England, pound sterling—
Official
Free
w—
Finland, markka -————~i
4.035000
4.0350QQ
4.03500Q
—
:
Hungary*. pengc
••
9
::•//
—.
Switzerland, franc
,
.//'Yugoslavia*; dinar
traders><expect
4.035000
t
•
;4"-:
1
China; "Chefoo 'ddHar
1
/: 9
t
t
§
f
9;;':.//.;:
I/;
I..
■
;4;f:444
*.
.
Australia,-/pound—
t
?;
t
.
.250541*
(301513
.301419
44"
t
4'4
t
.
t
t
i
-
:
"/.a
t
.250875
1
'44-.
i
9
t
t
•
,
.250187*
.250541*
.250541*
.'.301315
)
.301315
*301315
t-;
t
.471600
.471600
.471600
3.228000
3.228000
3.228000
3.215033
3.215033
3.215033
3.227833
3.227833
3.227833
3.227833
3.980000
3.980000
3.980000
3.980000
.909090
.909090
.471600
.471600
.471600
3.228000
3.228000
3.228000
3.215033
3.215033
3.215033
3.223833
3.227833
3.980000
■
<
'
/
-':v:; Official*
'.///Free -
—
—ZZ/ZZ—
/'New Zealand; pound
.
t
f
.250875
^Straits/JfcWIementSi/^ll^r^^-—
••AUSTRALASIA—
t
■■■/:
S
t
.301513
Yen'':
Japan,
9
t
.
i
9
? mm.
:
t",
:
'
t
—-
t ■■■.:;■■•••/
/v:4r
/'
5
9
t
;
'
9
§
9
t
t
t
t
t
9
-
t
t
:
t
9
t
t
-
t
t
9
t
'tyiian)
-Hankbir'dollar»<yuan>
/China; Shanghai dollar (yuan)
: ./China," Tientsin dollaf (yuan)
,'i?-Horifir-'kohg;'doUar''-—
/-India / (British U rupee/Wll-'—
t
t
t
a ;.//,/t. 1■
"
t
'
t
t
t
IS
•w'Ohiha,-
?
♦
t
t
4.035000
4.035000
.:•
t
-
t
4.035000
+,:■•;: / ./
■
t
,
t
f;::
;
...
krona -;i.———
/y/.:
t
.t
;
4.035000
t-
J'/•:':.-/if
t /.
t
9
t
4.035000'
t
s
t
4.00500D
J;:'
/f'V-"
;
t
——
—
,—-
——
t
t; :/
t
,
———
Spain,..-peseta;
t
v4'4
t
'tv ■;/■;/••/
•:''"Por.tugal,:L'escudo--'/-/-_i_i»_«----.,^_.,«^»__^.
..Sweden,'
t
t
t
t
-
Jtalyv/ lira:
r:
t
t
Dec. 11
42:'4
4.035000
-
Netherlands, guilder 1_
:
i. -Norway) krone,
Poland, sloty/————————
t
'//■J- /■
-••
./;t-'
■'
■
$
■
t
franc:v.——
reichsmark
Greece, drachma
————w——
Germany,
/
t
t
4
Dec. 10
$
t
4.035000
France,
r'
.
It
t
krone
44-i4::$4;;
$
44 t 4
——-
Czechoslovakia, koruna
1
—
—
.AFRidA-;//Vy.;;;,
.Union ~of'8outhi
•
Africa,/pQund——
NORTH- AMERICA—
•
."
/
-
'
:■
(Canada,-; tibllai:—
"/-Mexico, ;pes6;'<—/-I—
5%. Higher rates were fixed also for;Western
Hemisphere shipments, with Pacific rates as high as
%% and Atlantic rates at %% for vessels of all flags. -
;
■
.909090
.909090
.909090
.883839
.884218
.884531
.883203
.882578
.205425
.205425
.205425
.205675
.205725
.205700
.909090
.909090
.909090
.909090
.909Q90
.881458
.881666
.881875
.880625
.880208
'
.909090
;.
.882291
Free
/
.884531
.909090
*;»>.—...»•'
y free-—-—..
yvlfowfoundiattd, dollarv-
rate of
3.98000(1
:
•
";y-/,QfficlaL/T;^i-i^/-^-——ii/
;iahd^froto^Ai^irato$iai<vi^<the.Qa^to'4^^'Shtotoeiit$:.
tQ and from the East and Far East, including Australia,
via Panama or across the Pacific were made subject to
a
1
Dec. 9
Dec, 8
Dec. 6
$
Belgium, Belga
Bulgaria, lev
•
'
York
Buying Rate for Cable Transfers in New
Value in United States Money
Noon
EUROPE—
TREASURY UNDER TARIFF ACT OF 1930
1941, INCLUSIVE
11,
DEC.
TO
Dee.5
-
to
1941,
5,
and Monetary Unit
Country
serious dislocation of ship-•
ments until convoys have been provided, trade routes
rearranged, and additional tonnage is made available to
meet both United States military requirements and lendt lease ; exports.:
The: flow of war supplies^ to^a^i#.xls^:
mationsvis^ expected to be. m^ihtaiped^to^P^Tyto^:
L
States war needs,; under the vastly , accelerated product
tion Schedule now undertaken here;- It is believed that i
/ urgent Latin American' orders will be filled; as they con¬
stitute an extremely small ^proportion of* our -total pro- ?
duction and the southern .republics are taking over Ax^
shipping in their ports. Increased United States import
of canned meats and metals is anticipated. - Drastic^
increases in war risk insurance rates were placed >in
effect on Dec. 8 following Japan's attack on Hawaii.
Cargo rates to and from the Hawaiian Islands" soared
from 5c per $100 to 4%;' Rates for > Far Eastern cargoes
by way of the Cape of Good Hope were raised to 5%,'
'Foreign
for cable transfers in the different countries of the
RATES CERTIFIED BY FEDERAL RESERVE BANK TO
FOREIGN EXCHANGE
V
;
r
,
Tariff Act of 1930, the Federal Reserve Bank is now cer¬
requirements of Section 522 of the
Pursuant to the
tifying daily to the Secretary of the Treasury the buying rate
world. • We give below a record for the week just passed:
:
■
.....
SOUTH AMERICA—
"
Argentina; peso/-;
-j
■
•
•
.297733*
.297733*
.297733*
.297733*
.297733*
.297733*
controversy ;whichvdi^ ;bbeh»
.237044*
.237044*
.237044*
.237044*
.237044*
4
.237044*
going on for-several months as to whether > control of
/v/free
——
:^-^razil,/milreis/..;/:.:.v- J:.
United States freight forwarding operations should jest'
.060575*
.030575*
.060575
.060575*
.060575*
.060575*
Official.
.051310*
.051335*
.051335*
.051335
.051335*
with the British Ministry of War Transport, the Lend-:.
,051310*
J;!
\
Lease Administration, or the Maritime Commission, may
Chile, peso-* '' ''
1
1
5
!
•4.9
§
soon be resolved, in view of the extension of hostilities
i
'/-/
f
9
9 /
'•
.569866*
.569850*
.569866*
.569866*
.569950*
to this country; by a general order "placing aUto^obtemS;
.569950*
Colombia;/ peso 'i-/—.—
affecting water transportation under a single board; z
4 Uruguay, pese-'..
.658300*
.658300*
.658300*
.658300*
.658300*
.658300*
Controlled -L/__-„rl__————
.527500*
.527500*
.525175*
Approximately 10% of the* exports from the United
.525140*
.525175*
.525175*
-Non-tontrelled '
States and its possessions, not previously subject to regulation. has now been brought under the Office of Export
Nominal
rate,
t No
rates
available.
S Temporarily omitted.
Control by the issuance of schedules. Nos.; 24 and 25,
effective ;Dec^ 23.
The; Economic Defense Board will
*•'
permit exportation under general-license,; of .articles, and
materials to friendly countries, except gold and certain
Following is the weekly statement issued by the Board of Governors of the Federal Reserve System, giv^
drugs, which are under Treasury Departmentcontrol..
ing the principal items of resources and liabilities of the reporting member -banks in 101 leading cities from.
jwiThe British Government has served notice that; ship--
It
is; thought? that;; tbD
^
_
'
•
*
——..
.
^
.
i
■
■.
-
—
.
♦
■
Weekly Return of the Member Banks of the Federal Reserve
System
.
ments.by Latin American countries to both-occupied
unoccupied France will be subject to contraband
control and any neutral having commercial or-financial
relations with France will be placed on thd' British trade*
themselves.
ASSETS
AND
LIABILITIES OF
sent to Germany,-; and French- plantsASSETS—-.
,
Loans
shipments ;to Switzerland,.. Eire, Portugal;j Spain,-: and
in order to prevent the goods from reaching
Axis.
Under this system the shipper applies for a,
navicert to the government of the country for-which the
intended, rather than to the nearest British
consulate. 'The application is checked and confirmed, or;
rejected in London./ Finland has been removed-from
the list of countries receiving small merchandise ship¬
ments by mail under the mailcert- system.-) Freight navi¬
certs to Finland had previously- been suspended;/ - \
t-As from Nov. 28 Iraq has been included in the sterling •
area, according to cabled advices from London received
on
Dec. 10 by the -New York Foreign Exchange'Gom^
mittee. T<•
:
;
is
''
.
Rich¬
Jand
mond
'^4
.LIABILITIES/-
Domestic
1,483
13.160
1,376
788
4,191
553
...
...——
>
banks'"..--—-—-—
i
——
—;—
t
$
•
■
.
4,079
933
507
866
423
1,385
468
270
460
221
915
289
145
289
47
23
2
28
2
48
5
3
5
14
288
412
160
43
28
17
6
30
18
4
8
.
'
2:
18
396
198
31
19
13.
12
59
11
6
11
78
192
50
187
51
37
144
60
16
33
1
'■'v
2
'
/
2
32
1,969
147
568
Ill
990
49'
416
10
31
2,522
47
1,625
30
201
83
51
262
44
416
767
286
130
1,289
225
3,618
'
99
174
109
1,593
268
268
67
110
559
498
5,235
544
775
310
201
1,636
"497
26
:/■
11
>•.'/
33
—
23
'
:
44
28
46
43
137
113
126
32
91
40
,
197
68
96
18
167
333
4Q
128
118
243
194
14
7
15
14
29
,
63
86
211
380
258
241
627
198
104
279
295
320
76
91
45
54
75
22
16
20
32
315
1,860
708
558
3,444
628
370
620
1,255
65
11,231
1,504
248
743
205
194
1,009
190
110
141
134
1,117
1,073
32
30
44
138
21
2
25
64
21
32
427
490
327
416
554
197
234
1,214
71
397
24,324
1,495
5,390
226
846
10
:f«:/28:
9,405
374
3,802
655
20
593
469
2
r
.
---
*
:
'
■
•
10'
197
478
1,449
396
446
561
r'r;:
J
,
-—
T'
ui
.
1
/.
828
22
3,927
253
1,663
15
24
220
396
48
'
104" :
20
1
/-ay
—
17
22
6
8
4
6
ioi
431
100
;' 64
111
93
'
299
•:
565.
17
3,344
;•'•■
813
112
;
-
57
72
/
27
107
',
■
256
•
>:
385
.
58
152
1'
..
10
68
293
63
116
1,717
3.650
:
ft 99
16
291
22
16
—
79
172
137
88
207
10,575
62
•1,154
250
/
'
1
:
38
428
2,596
362
•
107
V'V
678
799
333
2,698
/;
Dallas Fr'lsto
City
901
99
3
apolis
872
429
''
Ban
Mne.- Kansas
Louis
2,313
'
428
)
Capital, accounts
Under present procedure, except where letters
credit were established before Sept. 15, drafts will not
$
6,593
Borrdwihgs ''I—-lii—4/.——:
Other liabilities >
1,—I——-
by
Chicago
<'
Foreign'-banks
St.
At--',.
lanta
1
$
11.259
2,922
-deposits—adjusted-—
Time deposits J.r
——
United States* Government deposits—
Tnter-'baflk- deposits;^-- •
-to
Cleve-
$
29,691
8.348
/Demand
\
/Import permits have hitherto been freely issued
South Africa for -orders placed and accepted prior
domestic banks—
Other; assets—net
-: •;
8
—-—'
ObligaUchK guar^ by -U\ 8s Govt—
securities£^-fi,;——
Reserve with Federal Reserve Banks—....
Balances with
-
..
/*;4
$
1,256
Other
delphia
Boston
427 '
-4--^
Phila-
Total
548
Treasdry notes -J,-—1_——————
United States bonds!
/
New
York
v
Treasury, /bills
i
the
goods
to banks--'——
Cither
Morocco,
■
Millions of Dollars)
(In
produce parachutes for Germany and -repair German; 5,:i Loans; ;ahd - investinetttSTr-totaL----------Loano—total
pfanes. 1 Germany in getting 85%; of the Frerioh output;
$; Comrhertfal irtdus.' And ragricuk loana.^.
of motor vehicles; -half its leather hide production,; alii
Open market paper__.
of its wool and cotton textile goods, and 40% of itsLoans to brokers and dealers in secur
>»• finished leather articles^ theMinistry/^
4 Other loans for purch. or carrying securs.
The inverted navicert system is ap^i^tmaheirOasetof i ; Real -estate loans---'——
'
MEMBER BANKS IN 101 LEADING CITIES BY DISTRICTS ON DECEMBER 3, 1941
WEEKLY REPORTING
•
•
behind those for the Reserve banks;
These- figures are always a week
obtained.
■
r-." ■
producing war
.supplies for Germany.
British Ministry of Economic
Warfare officials state that:four auttoievery five.planes;
/blacklist, because French industries are
built in France are
weekly returns are
Which
and
.■
357
391
S.ept/15,
of
be honored, unless
v
>
issuance/.-/-'1 $ ,-// v>-\
of-non-essential goods from the sterling area, ex->
and ' the British and French Pacific •
Island^* ^Thb'toew' curbs- hre imposed irt-order to build
up'- overseas" sterling accounts and are applicable to a
third of the 2,500 commodity items dm the import licens-;
ihg Schedule and affeCt chiefly about -%4,000,000 sterling/
range
cept New Zealand
"
'
«England,---The £50,000,000 increase in the fiduciary issue
made last week, thought by some
/•
observers/inadequate' to meet the increased note cirof /a ;/wid&/
accompanied by/an import permit, or
satisfactory .evidence *of its
of annual trade
with the United
<of the Bank of England
IculatioffT'Was'the fifth since the war began.
-increases were made on Sept. 5,
previously this'year on April 30 and Aug.
mately4£a2,000,000
/
^
a
war
on
the week from
Friday -last to 88.25c on Thursday.
A new
abodt : $500;000,000 will be- launched in
"loan "of
Expanded employment and increased use of currency
4Febriiarf? Canada ? has issued r three;
business are thought 'responsible for- a large part of
$1,411,000,000, " all ^oversubscribed, and
the steadily mounting note circulation of the Bank of
'in
ApproxiGovernment
30.
week are diverted to
The"'Canadiah dollar receded during
88.56c-
Similar
1939, June 12, 1940, and
loans totaling
has received
$103,000,000 from the sale of savings certificates. Total,
this i year. will amount to $1,400,000,000, of which
which all but $470,000,000 is expended for war purposes.
Finance Minister Ilsley stated that Canada has met between 73% and 79% of her war! costs out of revenue.
The Canadian Wartime Prices and Trade Board an¬
nounced that essential goods, imported after Dec. 1. will
be subsidized so as to keep them below the price ceiling.
The
commodity prices stabilization corporation wilt
adjust prices of essential imports either by reducing:
taxes or import duties or by direct subsidy.
Imported
goods will not be eligible for subsidy if they can be
revenue
;
44. .4';4:4
r;
;
(Continued on page 1500)
i//;4
THE COMMERCIAL & FINANCIAL CHRONICLE
Course of
"
■
Weekly Return of the Board of Governors of the Federal Reserve System
Sterling Exchange;
(Continued from page 1499) U-
obtained in Canada in sufficient volume and at
able
prices.
'
funds
Montreal
reason¬
during the week between
ranged
COMBINED RESOURCES
Three Ciphers
a
of
Commerce and
cover
the
Gold
and base bullion
Refined
bullion
and
-
Portugal
United Kingdom
Coin
.
—_______
-
.
:*
—--
Oceania
.New Zealand
■
"Chiefly—Canada
Philippine
$116,067,
Nicaragua
$152,294,
S.
;
direct
&
Nine
Italian
Bank
231,589
269,522
236,263
258,491
259,193
243,661
258,143
275,188
267,533
250,498
20,797,956
19,910,817
20,804,775
20,827,856
20,829,273
20,814,430
20,829,728
20,847,639
20,840,851
20,789,683
1,452
2,608
2,237
1,355
2,134
1,487
2,529
3,619
3,863
6,275
and Sept. 30 the Reich debt increased by
marks to 114,400,000,000 marks, against
4,786
5,567
5,909
7,492
9,799
9,995
1,406,800
1,284,600
1.406,800
777,300
800,500
777,300
;
United States with
raw
chromium, v;
The SEC
will
is
; : \
consider
on
•
Dec.i 29
an
2,184.100
2,184,100
2,184,100.
2,199,113
2,200,587
2,200,130
47
7,762
9,273
1,406,800
1,363,800
777,300
820,300
-
2,184,100
47
;.;:,47v
■
47.,
2,184,100
2,199,026
2,184,100
2,197,215
47
47
47
38,271
40,674
.
2,184,100
2,201,135
•
of otnSr
32,071
21,465
31,472
32,634
935,521
41,051
52,484
785,658
1,010,166
41,009
3,027,780
41,220
41,060
1
59,047
49,568
48,302
;
24,069,432
23,014,632
24,136,503
24,178,243
24,398,026
________—
36,903
36,065
38,217
35,734
1,243,860
948,526
908.253
993,098
41.086
40,955
40,900
47,733
47,102
46,110
40,945
45,605
24,087,712
24,063,385
1,072,061
•40,983
"
1,433,599
40,840
44,417
44,118
.
24,162,094, 24,233,845
24,550,096
ly
7,838,397
5,819,333
7,730,137
7,612,074
7,579,039
7,520,360
7,475,059
7,385,166
7,352,047
7,350,851
13,219,388
14,152,454
13,178,056
13,125,840
12,941,831
12,706,697
12,594,430
12,631,591
12,748,587
13,321,390
440,327
1,029,393
598,465
.
157,141
235,468
320,557
935,053
1,105,580
678,698
581,807
1,007,931
601,253
14,990,280
16,075,309
_________
.
items
avail,
liabilities
15,304,671
15,303,005
15,349,014
15,456,361
15,525,675
15,500,371
741,558
7,537
7,761
5,036
5,525
23,696,345
22,643,961
23,763,607
23,805,175
24,023,081
23,714,777
23,690,464
23,789,050
141,324
141,302
141,284
141,259
141,248
157,065
.15^,065
731,908
'
943,708
861,573
886,211
1.136,372
'
4,999,
5,201
942,331
4,818 %
978,741
5,192
;;
1,321,870
-
4.388.
,
'<
i
137,944
141,281
151,720
157,065
141,352
157,065
157,065
157,065
157.065
26,785
47,932
26,839
26,785
26,785
J
26,785
26,785
26,785
54,168
47,765
47,866
;
47,771
47,783
47,787
47,935
47,896
24,069,432
23,014,632
24,136,503
24,178,243
24,398,026
24,087,712
24,063.385
24,162,094
24,233,843
T
26,785
.
24,177,284
' •*
.
141,305
157,065
.
.4,186
23,860,851
141,173157,065
26,785
26,785
/
47.780
and
Fed.
and
'St?
^
24,550,096
iv
,
Res,
to
91.1%
_
90.9%
!
91.1%
91.1%
.
r
•
91.0%
'
91.2%
91.3WL
14,657
14,173'
•/ >.
91,3 %v
9r.i %•
13,235
13,574-
M'
?
:
make
Industrial advances
Bills
15,243,868
to de¬
note Hal)u. combined
Commitments
Maturity
258,814
•1,140,505
659,405
1,188,259
720,534
860,131
__
a ccounts___-
capital
Ratio of total res.
posits
977,178
674.213
1,046.242
'
incl. accrued
liabilities
Total
914,827
1,189,409
713,133
806,749
1,129,262
660,297
933,220
1,147,151
648,302
15,107,797
920,637
-
14,871
6,429
14,937
.
__
.
14,574
.14,733
13,380
Distribution of
and
Short-Term
'
Securities-—
f
days bills disc....'
days bills disc
days bills disc.
1-15
16-30
31-60
Jvffrp'•
'
194
434
"
342
•JJ54. •>.
' '*?
311
1,740
,
293
137,i
*
-
78H
258
25T
251
•' • ■1
■
'<'
6,215'v'
70O
1,617
v-;^ v,'l5^:-
.
66»y
A-
,
653
'
days bills disc
Over 90 days bills dlac._
'1
1*75)
f-'
"
"
'
166
2,989
3,247
2,614
1,501
K
61-90
"
:
'
472
^:: 34y :','v
'•
1,954
1.963
6,422
5,997'
3,105
3.042-
377
398
''37»!- ''
v-
^
"*/'*,36at'.''
i
1,643
-
■
Total
-
-
Mil*
5,507
5,909
i
4,974
3,111
3,056
i
3,129
676
341 '
731
659
;
394
556
276
137
431
76
593
595
5,485
5,227
5,254
7,493
9,799
9,995'
3,124
days ind. adV;_*~.
16-30" day* tnd. adv.
31-60 days ind. adv.
247
61-90 day*
lnd. adv.
Over 90: daya ind. adv..
5,169
Total industrial adv.__
9,772
(7.
S.
Govt,
%1M
1,314
4,060
-
1-15
'"»■
;
.
j
j
692
j
5,203
5,630
10,039
10,065
-
550
621
\ •
403
.
•
1
dlOvV'-r •'
.(
V
'
540i(
•
5,637\.
-
693
5,154
V
5.229
-
423
• *:
5,320
.
671
2,788' i
.
* ;
18T ;v.
e4»-' 5
5.536*
•
-
,
3,545:
2,816
7,762'
2,589'-'
.
,
10,033
'V-
securities,
direct and guaranteed^
1-15 dava
•*"'
'1
i,v
:Rv\V^**T-
16-30 days
31-GO
day*
61-90
day*
Over 90
Total
v
;IZIZy!
...
S.
U.
Govt,
-
j.2,184,100
2,184,100
2,184,100
dSooo* ^^4Looo
2,184,100
2,184,100
Zi
M-
-'
':••••
V
2,196,470
guaranteed
♦
.
'ts
\
■>
2,184>10O
,
*
•••
t
t- "
*
••
]2;i84,100
2,184,100
2,184,100
8,089,430
!7,953,846
7,579,039
,
^
■
.
8,222,403
>. 383,745
6,185,348
.316,915
.359,293
8,005,755
393,681
actual circulation..
7,838,658
5,819,333
7,730,137
7,612,074
on
374,807
341,548
381,615
-
1
:.
t
T.• *
.'V
7,385,166'" >7,352,047
7,350,851
-
1
•
'5
-y
..
358,496
.
?
"•
'
*'•'''<• L'.:
^
••
rv
^
'
'
A'\V-si.--:\''L*f'l-. •.y.»,'
and
due from U. S. Treas..
By eligible paper
2,141,100-
'
\.A'- »'*'« *"
;f, 376,699/ ,- 382.803
:;
7,475,059 *
7,520,360
by Agent
hand
.
'
11
7,8l6i607f^;^i7j76i,8^5'J:JL734>850 ^ 7;709;34»rt Z
7,901,975
Security for Notes
issued to bank—
ctfs.
-
2,184,100
.
as
Oold
-
y-i rf'fA.V.
+
■.••
Collateral Held
.
i.C?X^
F. R. Agent
Held by Fed. Res. Bankby
In
jL
,
Federal Res. No;es-r
-
Azwk
.
2,184,100 y' 2,184,100
,
■
'
and
direct
curities
2,184,100
2,196,470
days
Issued to Fed. Res. Bank
8,332,000
3,401
—
6,261,500
•'
8,459 ;
8.211,000
*
4,987
8,136,000
[ 8,072,000
*
5,111. j
4,151
7,988,600
8,047,000
5,558
'
-
'•
v
•
»
*;■•»»*'."v.*-*i,
7,901,000 " -7,886,000 i
.
*
7,836.006 * ^
;6,946*' v V
en
Total collateral
cash"" does
•"Other
•
tThese
devalued
application by
the New York Stock Exchange to delist 7%
3,545
9,570
;
'
2,200,001
Capital Accounts
Capital paid In ———
Surplus (section 7)
Surplus (section 13-b)
Other capital accounts _
provide
to
1,408,800
777,300
2,184,100
deposits
Total
117,300,000 tons, com¬
expected
777,300
47
dividends
the
materials, especially the strategic
Turkey
1,406,800
777,300
2,184,100
2,199,466
account
Deferred
72,700,000 tons, including the possible 60% of Russian
steel production.
Under a recent order French business firms in the
return,
1,406,800
777,300
47
items
Other liab.,
of
In
1,406,800
777,300
2,106,378
account
Total
pared with a maximum productive capacity for the Axis
countries and the European areas under their domination
was
1,406,800
,
47
Foreign
Other deposits.
800,000 tons, of which 60% is in the central and south¬
ern areas.
Even if these regions were lost, the potential
President Roosevelt
5,154
9,772
2,196,470
The United States steel industry can produce
by
5,997
10,033
U. S. Treas.—General
16,200,000,000
occupied zone are required/-.to; submit their: annual
ports to the German military command in Paris for
approval. - An annual saving of 550,000,000 francs in
interest is expected to result from conversion of 45,000,i
000,000 francs of railway bonds, largely yielding 5%%
or 6%, for a 4%
issue.
New subscriptions will be ac¬
cepted up to 2)000,000,000 francs;
' ;v ;
y
The Turkish-German trade treaty signed last October
was.
ratified by the Turkish National Assembly
on
Dec. 10.
Turkish exports to Germany will be handled
by a German, customs union composed of the Reich,
Alsace-Lorraine, Bohemia-Moravia, Eupen-Malmedy, the
Polish Gouvernement General,, and Danzig. / Last week
United States defense officials stated, that lend-lease aid
6,422
10,065
2,210,302
__
premises
reserve
than twice that of the Axis and all the Axis-controlled
anti-Axis output would amount to
'
4,974
10,039
,
seel
baiUcs-
circulation
.
increased
88,000,000 net tons of steel a year. - British productive
capacity is placed at 20,600,000 tons and Russian at 21,-
*
4,060
9,772
Deposits—Member banks-
issues of
69,700,000,000
marks on Sept. 30, 1940.
The total debt expansion dur¬
ing the first 25 months of the war amounted to 77,000,000.000 marks.
A survey by the American Iron and
Steel Institute indicates that the combined steel capacity
of the United States, British Empire and Russia is more
Turkey authorized
14,153
/
Liabilities
against 13,198,000,000 marks on Nov. 30, 1940, having
expanded four times as fast as in the 1940 period, due
to the demands of the Russian war.
Between June 1
countries.
20,625,032
20,560,029
-
12,370
Total assets
2,783,000,000 marks during the six months from June 1
to Nov.. 30 to a new record level of 17,793,000,000 marks,
mineral
13,289
Fed. Res. notes in actual
'
The note circulation of the Reichsbank has
route.
13,424
20,559,027
guaranteed
notes
Res.
Other assets
Government issues aggregating $152,808,400
valued at $66,063,006 on Nov. 29 were selling at 43 cents
on
the dollar, compared with 5 cents for the German
Government loans and 15 cents for the Kingdom of Italy
for
14,555
banks
Japanese
V
13,737
__.
Total bills and
$119,745,000 face value were worth only $16,652,674 on
The list included one Kingdom of Italy issue,
in the amount of $66,174,000, worth $9,926,160 on Nov.
29.
The 13 Japanese issues showed the widest decline,
with a Nov. 29- market value of $119,136,801. compared
with the face amount of $296,663,455.
Two Imperial
:£,r:
13,553
—
Due from foreign
Nov. 29.
•
20,556,533
15,344
Total U. S. Govt, sec.,
Trading was formally suspended on Dec. 11 in 76 Axis
on the New York Stock Exchange and in 27 Axis
issues on the New York Curb Exchange.
The 54 German
bond issues had a face value of $537,039,840, and a mar¬
ket value on Nov. 29 of $36,235,940, and included external
loans of the Reich with a face value of $150,000,000 and
.
20,554,021
15,496
—*-*
Islands
issues
issue.
20,553,016
__________
Bills
$25,338,209 to $2,134,609,815.
of $7,000,000.
$
guaranteed:
Uncollected
value
$
direct
sec.,
Notes
Continental And Other Foreign Exchange
market
Oct. 8,
,1941
1941
11,515
discounted-
bills
Bonds
Fed.
a
1941
1941
r;
19,629,780
——
reserves
Govt,
and
25,475
142,633
,311,382
89,661.
under earmark at the Federal Reserve banks was increased
Gold held
$
1941
discounted:
Total
U.
French Africa $632,658.
$1,868,747,
during the week ended Dec. 3 by
1941
$
10,
Oct. 22,
15,352
Industrial advances
117,401'
■
.——
—_
-
1941
$
Oct. 29,
Nov. 5,
20,551,015
oblig.,
direct
and
guaranteed
:—
bills discounted..
6,784,182
—
Australia" k
British
$
,
Nov. 12,
Nov. 19,
(Fed.
Other
$1,450
153,509
Mexico
Venezuela
Dec. 3,
1941
Secured by U. S. Govt,
$2,198
______
__________
Total
Imports
—;.i>i—
Canada
Dec. 11,
1940
DEC?!
BUSINESS
and
from U. S. Treas.T
Bills
1,580
$10,995,279
and
Bullion
$,
Redemption
fund
Reserve notes)
Other cash*
Exports
$618
*$3,369,586
7,625,693
—_
coin
of Refined
Detail
Dec. 10,
1941
hand
on
LIABILITIES OF THE FEDERAL RESERVE BANKS AT THE CLOSE OF
27 to Dec. 3, Inclusive
Gold Imports and Exports, Nov.
Imports
-Ore
ctfs.
due
week
ended Dec. 3, 1941:
,
AND
Assets
The amounts of gold imports and exports which fol¬
low are taken from the weekly statement of the United
Department
(000)
Omitted
discount of 12% and a discount of 11 7/16%.
States
Saturday, December 13, 1941
•nee
guaranteed
are
from
Itself
100
having
cents
been
include'Federal Reserve-notes.
,
by the United State* Treasury for the
59.00 cents on Jan.
^11, 193-4, these
appropriated a* profit by the Treasury undeC
not
certificate*
.
• •
.
■'
s
v-..
i r .>>•> -jr'
^ ••
• - ••
;
gold taken over from the Reserve bank* whew; the dollar wag
glved
certlftoo^1 rdltter^:
to
provisions of the Gold Reserve Act of 19S4i
external
sinking fund gold bonds, stabilization and de¬
velopment loan of 1929, due Feb. 1, 1959, of the-King¬
dom ef Rumania and the Kingdom of Rumania Monop¬
olies Institute.
"
,
J.20 against 5.20. Chilean exchange is quoted
at 5.17 against 5.17;
The Chilean export'peso
"
attributed to fears that
their
dollar
new
balances
restrictions may be imposed
On Dec. 6 the United
•
$10,000,000 to
$15,000,000 of lend-lease aid to Bolivia. : Following the
Japanese initiation of hostilities against the United States
on
Dec. 7, Mexico, Panama, Brazil, Argentina,
Peru,
Uruguay and Honduras froze Japanese assets. The Gov¬
for 1941».
•'*'*"/
' :
•'' •
unofficial or free market peso closed
at 23.90 against 23.90.
The Brazilian milreis closed >at
'<*J":*'
The* Argentine
.
yen-blqc couhtries~-ChinaVManchviria dnclv; :
Kwantung—provided only 23,4%v.of Japan's import trader j
•in 1939 .and only 22.8% in 194Gj;whiIe 70.6% was' derived, f
'in 1939 and 77.2% in Jahuary-September,1940, from "
on
the Far Eastern countries was
not quoted
countries outside the yen, area, chiefly the. United. States,. British Empire and Netherlands Indies. Though 49% of ?
Monday owing to the outbreak
of Japanese assets were impounded.
The
$217,000,000 invested in Japan, accord¬
ing to Department of Commerce estimates.- The State
Department on Dec. 9 placed 470 Japanese concerns on
its trade blacklist.
On Dec. 9 the United States assets
of Axis-controlled Thailand and its nationals were frozen.;
The amount involved is believed small.
The Thai unit,
the tical
"
or
baht,
was
nominally quoted at 37.50 cents.
;
Japan's 1939 exports went td thO yen^brqc countrieSj the "
materials from Which they were produced are nowV
unobtainable as they came from the United States and
raw
$131,000,000
United States has
ernment of Chile has announced that it is
offering bonds
on
which it is the sole debtor in equal exchange for
dollar bonds of the Republic of Chile, the Mortgage
Bank of Chile, the Water Company of Valparaiso, the
city of Santiago, and the Chilean Consolidated Municipal
Loan.
Bondholders exchanging the securities by Dec. 31
will receive $15.39 in cash on a $1,000 bond as interest
Exchange
on
A recent survey of Japan's foreign cora^v*
by the United States" Department : Of- Cbmmeree vr
notes that the
of hostilities between
Japan and the United States. Trading is some units was
resumed on Tuesday, Japanese banks and business enter¬
prises were seized by the United States on Dec. 8 and
here.
States signed an agreement to extend from
merce
nominally at 4.00, against 4.00. Peru is nominal at 15.75,
against 15.75. The Mexican peso is quoted nominally at
20.65, against 20.65.
*
'
"
Exchange on the Latin:American countries was fea¬
tured on Tuesday by advances in several currencies,
including the Argentine, Brazilian and Colombian units,
on
months longer.
nominally
is qujted
the British
"•
Empire.^;'^f3.;?;;'^;^:5^^:^^-|''^^^
V:
V''
l r
Washington military
't':•'''V;';
sufficient oil for
;f< aK-rt',
sources^^^^ estimate! thatvJapan;
at " least
4pf.'i'i,'
has
year of warfare^ Japanese :
oil requirements in recent years are placed at about:
25,000,000 barrels a year for. civilian needs and 10,000,000 *
a
barrels for military use..,..
;
...
The Shanghai yuan is no longer quoted.
7'•.
The Hong->
-3
kong dollar .closed, at:^5;5^I^aggihst45v5/l&^^Friday^ 1
Japan's present resources and sup-r
of last week. ^.Manila, at-49.81,. against
49.83; Singapore •• |
plies of war materials, the British Ministry of Economic
>at'•
47.48, against 47Bpinbay:;;a^30;35f,^agamist 30,35;^ J
Warfare estimates that Japan is equipped to carry-on.
and,Calcutta
at
30.35,.;agaihst.Sd.Jo.
total modern war for fully a year,- and possibly -a few-,v_j< y• F
On
the
basis
of
Volume 154
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4019
■<„
1501
a
x
w...
Weekly Statement of Resources and Liabilities of the 12 Federal Reserve Banks at Close of Business Dec. 10,1941
Three
*
;
Reserve
ii'.-
Omitted
Ciphers X(ooo)
Federal
at—
Agent
Total
V
.
from U. S.
hand and due
on
fund—Fed.
Redemption
■...
Res.
notes
'
Total reserves'
v
J—-—
f: Bills - discounted;
-
Secured
Other
«-•:
.
4,270
20,901
Total
'T'r
r
discounted
t;—_
20,797,956
1,190,720
1,452
100
y?'
.-.a.
•
1,091
1,564
■
46,694
1,670,741
375
523
132
25
40
99
400
563
;
•
" ;
.
'
100
^.Bli
817,512
552,624
'
;
+.
—
I*'--
64
%.
.
•i
•
231
;
—
3,520,203
524*
1,716
Minneapolis
1,286
417
16,167
'■•yi4-812
618,830
312,in
3:;:. 37,473;;
3,558,962
366,945
,
686
29
....
786
71
t
29
.
546,640
407,452
80
•%;
>;!
-
X
9.772
1,943
1,095
1,406,800
108,992
365,632
>
l"
.
,J3,375
241
110,844
139,093
770
474
500:;
349
J
V;
..
163
2,286
223
•
.'
•
—
.•
.
Total
Total
-
V, S. Govt.-securities, -direct and guaranteed——.
securities.
bills -and
-^Uncollected
Items
+
170,172
172,215
-
3
32,071
,
.
,
61,246
..
59,997
86,771 ;
1,223
r-975
;
570,869
173,065
-
217,171
a-
572,364
177,003
;
217,643
V
18
•
191,860
'■
41,803
71,409
n—-x------—;
3,124
1,191
.88,209
205,451
■J65,830
V. 2,782
10,661
3,698
13,139
1,458,368
9,008,555
649,200
2,015,609
41,051
,
•.
52,484
.
;
24,069,432
v. c.
\
"--f'.X
v'.,
"X
•,
106,007
39,455
528
1,687
.628
93,674
299,554
111,492
136,247
299,932
111,992
94,219
..
i
V.
;r
2
-1,636
9,603
2,600
2,822
114,120
78,813
42,087
133,093
60,418 V
:
43
65,269 "
94,331
65,912
96,711
See t
x
810
2,250
25,873
'•
35,434
2,880
1,143
4,004,292 '
783,524
467,650
692,174
265,926
1,641,293
307,939
199,209
253,71?
322,980
2,047,983
190,930
t
•411,633
■'v
486,795
"188,641
•
7 A
922
2,116
695,603
1,061
188,460
-1-
..
41,576
1,048,395
66,697
-
;
77,423
.
1,341
;;
•
76,928
1,540
2,013,987
'
V
'
433 *
531
;
2,278
1,536,252
■
120,710
"
2,422
$,ii9
4,451
r
2,651
.
27,224
2,980
1,952
3,283
/•
368
:
45,350
J V'
49,271 ;
33,382
•'
23,098
i
.
?
131
'
6,497
2,935
5,392
4,876
6
.
,5,781
—
.
'
;assets
135,477 '
-
y
33,149
.-763
••
2
v
Bank premises
•
5
■
f
47,943
76,855
.
3,215
-741
J
935,521
—
202,022
,
958
47
_
—+r—------r-----
•
2,196,470
-v
_L-———__—
Ted. Res. notes jot other- banks
*
*
:.u; 2,210,302
—
60,222
12,370
•——
.Cue- fronVvJorelgn .banks
•
t
777,300
'
_
Bills i:_i
7;
,
;
•>.' T i
■
r—*.
Notes
24
272/:
;
'
r
:> 1,576,937
'
,
94
528
"
<■
1,346
23,057
60
-
2,206
securities,' direct and guaranteed;-
Govt,
;
588
•
1,552,534
V:
,
;
Bonds'
1
"
11,418
115
—
395,446
"
10,551
!
15
x
s
535,303
,100
7
Francisco
:.x,e;
s
601,911
"
San
Dallas
;
City
Mm
,,
535,289
15,264
*
,
St. Louis
Chicago
$
13,730
1,281,566
Kansas
«
Atlanta
800,532
1,078
'
14,711
.
8,203,798
.
4,060
-
\ Industrial advances
1,655,933
i'.
•:'X'
;
2,603
——
discounted
bills
1,265,764
Richmond.
•
obligations, direct and guaranteed-,
by U. 6. Govt,
bills
_—
■-7 * ;
-
Cleveland
:•
15,352
—___—_
.
Philadelphia
8,155,540
1,165,549
231,589
—_
*
cash*
Other
New York
$
20,551,015
Treasury
-
,
Boston
$
assets
•
Cold certificates
'
-
3,721
i' ; :
-
59,685
..........
■
2,772
tv*
y J 1,786
524,161-
;
4,711
1,836,471
■■■
*
.XXABILITIES
;
.7,838,397
in actual circulation
F.' R. notes
<■
"j:
,
«
552,587
744,405 '
764,196
998,248
"9;7'7'p-\S^£T; *9';'7^79
Deposits:
Member -bank
account
reserve
9-U. S. Treasurer—General account
-
•
Foreign'
-.'
633,891
13,219,388
•.
—-
157,141
15,107
935,053
37,047
5,765,780
-
T8,126
90,030
;
85,389
369,525
344,321
308,480
15,107
13,547
7 V 8,008
20,419
26,916
26,916
-
9,299
13,649
39,910
32,485
-
10,723
12,774
-
366,142
132^955
•
17,266
•
10,406
111,377
•
27,844
r
663,924
f
•
986,259
-
12,529
,
70,578
-
"
.*
-.Other
deposits
„;Total deposits
,
!
incl.
liabilities,
Other
-
_
availability items
Deferred
■.—
15,321
534,052
15,506
33,089
8,973
701,366
6,684,100
882,506
1,127,449
544,977
860,131
81,450
178,437
64,560
107,003
75,247
39,252
7,537
717
1,593
2,215
602
436
191
23,696,345
1,432,733
8,879,739
1,501,868
1,979,459
1,032,293
141,305
9,366
51,802
11,780
14,614
157,065
10,906
56,447
15,144
14,323
26,785
2,874
7,070
4,393
1,007
47,932
.,,2,489
13,497
3,067
24,069,432
1,*458,368
9,008,555
14,937
460
457
—-
—
accrued dlvs._
liabilities
Total
7,431
678,698
14,990,280
___7_.
-————J
10,990
10,501
418,765
236,957
126,687
44,756
21,651
40,747--
34,181
631
174
162
220
7:: 204
392
3,956,438
771,634
457,979
680,828
512,666
1,808,794
4,357
11,791
;
681,914
.
11,201
2,187,827
+
376,545;
1,360'
1,322 '
386,144
;
V
;• 28.952
345,326
1,098,310
:
46,160
CAPITAL ACCOUNTS
,
Capital paid In —_—_j.i___.__
;
—
'
Surplus
(Section 7)
Burplus
(Section 13-b)
—__________
________
—"
—
1
Other capital accounts
and capital accounts—
Total liabilities
*
does
cash"
"Other
industrial
make
to
Commitments
.....
advances
Include Federal Reserve
not
V
y i
7
4,870
15,110
4,377
2,999
4,589
5,247
5,725
22,824
4,925
3,152
3,613
3,974
3,244
713
1,429
533
1,000
1,138
1,263
4,584
1,961
2,381
8,491
2,055
2,520
2,006
1,901
1,536,252
2,013,987
1,048,395
695,603
4,004,292
783,524
692,174
524,161
2,550
1,196
918
1,777
1,600
1,203
Atlanta
Chicago
5,650
'
■\--r-
V
v
467,650!
28
1,501
,
10,785
2,980
1,836,471
23
v
2,121
-V
:
3,224
t Less than 1500.
notes,
Federal Reserve Note Statement
Ciphers
'Three
Kansas
Omitted
(000)
Total
Federal Reserve Bank of—
s.
circulation
Collateral held
% agent
Gold .gertillcates on
+
—
675,000
.
ioo
,
8,335,401
2,125,000
590,000
400
523
2,125,400
590,523
1
675,100
ago.
£9,925,000. Pub¬
Other
The proportion of re¬
28.2% from 32.2% a
changed at 2%.
weeks in previous years.
ENGLAND'S
COMPARATIVE
1940
i
•
'
•'-•.* ' **
11
■
secur.
Other
secur.
*•
•
of
on
Dec. 10 were estimated to be
000,000,
.
Bills
Other
45,608,779
Gold
36,165,754
oblig._
Govt.
guar,
adv;
(not
obllg..
includ.
U.
S.
Indus.
to liab.
res.
,
;'
28.29£»
14.6 %
41.10%
2%
2%
2%
■
price
gold per
fine
ounce—
-2%
Bank
Res.
Bank
Res.
credit-
credit
stock
Money
currency
bank res. bal—
in
: r.;v •
^**468s v- «.--1.68s
r.
168S
30.10^,
Treasury
Reserve
circulation—
dep. with
Banks
Non-member
■
84s
llV2d
84s 11 Vad
other
2,191,000,000
5,000,000
,
Since
Dec. 3, 1941
'•
—
+
Since
Dec. 11,1941
$
$
2,000,000
12,000,000
—
T. R.
1,000,000
12,000,000
+
for
'
Reserve
System
BANKS
IN
RESERVE
CENTRAL
15,000,000
New York
'
Assets—
and
Loans
'
'
Dec. 10
Dec.3
1941
1941
invest.—total-
Loans—Total
and
loans—.
loans
for
pur.
States
3,799
3,772
3,069
923
906
680
2,566
2,542
87
1,903.
481
87
388
391
by
guaran.
with
26
19
46
42
35
54
52
55
23
22
20
85
"70
152
153
163
104
116
37
32
26
466
463
.
r.
404 7v
392
322
141
762
j
1,605
365
365
378
1,267
1,239
1,191
79
banks.
assets—net
7 101
43
7 41
88
89
87
283
299
286
327
325
340
.42
41
.46
10,370 10,356
2,348
2,303
•2,069
497
498
511
737
746
712
+
41,000,000
933,000,000
U.
Government
378
404
28
3,648
3,706
3,749
591
-r-
+
—
2,209,000,000
12,000,000
—
78,000,000
Liabilities—
S.
7
46
—
65,000,000
;.Vy
deposits—adjusted 10,524
deposits.
Inter-bank deposits:
Domestic
banks
Foreign banks
Borrowings
Other
if
101
1,307
6,711
;
13,219,000,000
4,000,000
112
1,440
5,021
deposits
+
115
1,558
1,440
4,981
791
Time
1,901,000,000
324
150
853
Demand
—164,000,000
285
.
151
877
45,000,000
5,000,000
239
967
2,813
159,000,000
+
84
1,571
916,000,000
2,185,000,000
£%,
3,340
3,000,000
117,000,000
^^^'7
1,570
3,000,000
+
7-
3,378
1,625-
banks..
dom.
679
25
the
Government
vault
691
89
380
/ 103
408
securities
in
$:?
2,386
!
bonds——.
with Fed. Res.
Other
1940
2,671
'^X'i
;
Treasury bills
S.
1941
2,670
securities
Treasury notes
u.
1941
10,036
Other loans
Other
1940
'
on
estate loans
Obligations
Dec.10 Dec.3 Dec.11
12,132
Loans to banks
United
Chicago
Dec.ll
12,220
Loans to brok. & dealers
carrying
^
indust.
Commercial,
Other
$
$
.
MEMBER
City
+
10,834,000,000
?
CITIES
(In Millions of Dollars)
■
.4,000,000
157,000,000
744,000
for the New York City
Chicago member banks
+
—
&
accounts—
152,000
31,000.000
Fed.
deposits
267,269
22,774,000,000
3,236,000,000
2,286,000,000
744,000
;
ASSETS AND LIABILITIES OF WEEKLY REPORTING
Cash
75,000,000
152,000
2,269
current week, issued in advance of full state¬
ments of the member banks, which will not be avail¬
able until the coming Monday.
Balances
3,000,000
—
'
"
the
Res.
10,000,000
Treasury cash
20.7%
^
commit.—
10
Dec.
Member
1,286,081 327,518,976 327,563,214
.
f' "
4,000,000
discounted
U. S. Govt, direct.
Treasury
Coin and
1,415,988 •
Federal
Real
.
62,179,699
26,876,000
'
the
follows;
as
$
21,694,796
;54;487,000
Bank rate.—
'•
265,000
'
211,109
340,000
*
agricultural
Dec. 10,1941
20,716,762
3,918,405
^211,000
m'n&
.340,000
approximately $3,840,-
decrease of $20,000,000 fo/ the week.
a
$15,000,000
Proportion of
•
member banks and also for the
Increase ( + ) or Decrease (—)
7,848,748
1,079,398
•
Below is the statement of the Board of Governors of
Changes in member bank reserve balances and related
items during the week and the year ended Dec. 10, 1941,
16,819,167
-
5,378,759
20,824,453 ;;24,427,405
bullion
•
and Chicago—Brokers'Loans
change in holdings of bills and secur¬
ities was the addition of $12,000,000 of United States
Treasury bills to holdings of United States Government
Total
Rcoin^!'!™
7
Returns of Member Banks in New York
The principal
99,547,368 103,381,527
29,806,164
24,742,858
1,700,000
300,000
450,000
and $3,000,000 in
$4,000,000 in gold stock
-■
■
4,116,879
*22,888,947
780,000
money
36,462,632
95,008,165
28,565,510
.
"X
"
I
1,100,000"
in circulation, $5,000,000 in Treasury cash,
and $4,000,000 in non-member deposits and other Fed¬
eral Reserve accounts. Excess reserves of member banks
in
68,361,164
38,513,963
51,294.446
3.00,000"
reserves
creases
36,001,895
27,005,826
•
fu\
-iUai
Treasury currency, offset in part by a decrease of $3,000,000 in Reserve Bank credit and increases of $117,000,000
40,657,375
,
Securities.
r >■
...
450,b00s
Treasury deposits with Federal Reserve Banks and in¬
128,868,000 149,832,838 126,106,164
Discount &
advances.
* *
-
i-''
.". Other
Govt,
?.
87,738,589
129,044,393 115,902,576
77.:'!v-r
accounts,55,763,993
.
,
increased $41,000,000.
Additions to member
arose from a decrease of $164,000,000 in
balances
bank
were
'£.••£
£*„'£
,
During the week ended Dec. 10 member bank reserve
726,592,000 604,540,000 545,120*327 495,349,277 501,954,435
deps. - 7,766,000
16,430,000
45,804,242 15,608,552 11,432,250
deps. 184,808,386 167,197,022 128,395,964 135,549,263 139,844,159
accounts-
:
Open market paper.
.1937
1938.
780,000
-
securities.
Dec. 15,
Dec. 14,
J
1939
.
1
STATEMENT
Dec. 13,:
Dec. 11,
••
Bankers'
1,641,293
Reserve Banks
year
Circulation.
Public
663,924
The Week with the Federal
the week ended
£604,540,000 a
with
The bank rate was
.£.
132,955
23,905
265,926
Following is a tabulation of the different items for
the current week, together with comparative figures
10,
253,717
24,367
411,633
curities, which rose £1,082,425.
serves
to liabilities dropped to
1941
.66,458
199,209
30,513
744,405
£9,744,000 to a new peak of £726,592,-
£180,577 and reserves
Dec.
6,937
308,200
23,589
552,587
1,965,000 was shown in government securities and of
£642,754 in other securities.
The latter consists of dis¬
counts and advances, which decreased £439,671 and se¬
OF
730,382
12,613
100,326
£
BANK
145,568
11,905
2,015,609
deposits increased £167,000 while other deposits
decreased £7,501,459; this item constitutes the sum of
bankers'
accounts, which decreased
£7,304,878, and
other accounts, which fell off
£196,581.
A gain of
for the same
265,622
23,092
lic
week ago.
206,146
19,101
$
649,200
8,332,000
—
compares
Gold decreased
*
327,301
40,939
ix?:
hand and due from u. S. Treasury—
Circulation at the Bank of England in
which
W:
$
1,682,232
•
383,745
Bank of England Statement
000,
\\
Fran else*
289,831
.:/ ••:
436,000
San
Dallas
City
Minneapolis
security for notes Issued to bank;
«s
collateral
Dec. 10 increased
$
.
774,918
7,838,658
3,401
Total
$
S
576,176
2,115,935
672,292
St. Louis
"
Bank
Held by Federal Reserve
actual
8,222,403
by F. R. Agent—i
Issued to F. R. Bank
Richmond
Cleveland
Philadelphia
"
$
$
Federal Reserve notes;
In
New York
Boston
Capital
liabilities
accounts
598
V
94
109
1,059
1,074
616
8
292
312
17
1,537
1,502
,
:
:r-
84'
1,001
9
.
7
'
''
*«.«•
—
289
1,533
-
.
•
282
•
16
17
282
266
THE COMMERCIAL & FINANCIAL CHRONICLE
Bank clearings this week show an increase
with
a
based upon telegraphic advices from the
the
In the
compared
Saturday, Dec. 13, clearings from all cities of the United
will be 9.0%
ings
week last year.
above those
obtain weekly clear¬
for the
1st
New York
3d
Philadelphia
Cleveland
6th
Atlanta
7th
Chicago
8th
St.
Philadelphia
Francisco
Pittsburgh
—
Detroit
Cleveland
—
Baltimore
Eleven
*
Other
,
——
__
—
—
cities, Jive days
five days__
cities,
Tot. all cities,
AU
284,603,095
393,000,000
224,896,122
84,925,937
86,900,000
102,200,000
Jive days
cities, one day—.
Total all cities for week
+ 5.3
+20.1
+13.2
+ 9.2
+13.3
We
"
44
■
-
:
<
•'
222,004,5591»
-
"592,234,206
v
.
-
190,252,708-:
;■>
$7,799,029,054 '
4,015,495,623
$6,430,643,175.
3,140,394,538 •
2577,029,850
$515,727,944
\
--
•
-
430,298,887+
303,385,421
148,352,087.
180,957,138
•495,237,568
-1167,805,376.'
111,560,748
149.378,171 +
v..+25.1
+37.6
•<
300,311,000
$272,605,261.
3; 163,912,907 >: ■'+■
:
+ 34.6
157,948,825
80,288,556
.
394,244,395
s
+25.4
.
.124,267,266"
110,515,350
-
————32 cities
We also furnish today a summary of the clearings for
+31.3
71,215,604
256,593,866
.+213
$5,751,303,034
+27.9.
2,689,820.706
•
;
+11.9
increase for the entire
the 1941
155,634,934
121,622,454
+28.0
121,716,818
88,615,869
105,076,879
76,891,485
+15.8
+15.2
952,456,310
9.5
+14.6
$6,064,484,425
1,332,896,885
$5,491,908,223
1,296,260,383
+10.4
+ 2.8
$7,397,381,310
$6,788,168,606
+
+
9.0
body of clearing houses of 13.4%,
aggregate of clearings having been $31,661,252,-
019 and the 1940 aggregate
$27,924,067,423.
5.8%, which was the smallest gain shown by any of the
twelve Federal Reserve
At the opposite ex¬
Districts.
treme, San Francisco registered
an
Boston
York
New
day of the week in all cases has to be
9th
Minneapolis
10th Kansas City
llthDallas
—
12th San Francisco
detailed statement,
however, which
we present further below, we are able to give final and
complete results for the week previous—the week ended
Dec. 6.
For that week there was an increase of 21.3%,
Total
—
,
Outside N. Y.
City
Canada
—
—
15,780.913,432
5.8
13,413,182,499
^909,934,347
+17.4
+25.3
+17.5
+28.7
2,495,749,739
+18.9
762,764,507
+ 27.7
+24.7
+22.0
1,983,122,953
1,583,805,795
"
2,967,651,786
"
973,831,595
16
18
—11
"
"
"
"
653,239,090
1,016,353,187
771,915,111
1,602,152,396
613,276,564
.
1,222,859,938
;
$31,661,252,019
$27,924,067,423
19
190 cities
-
—
$1,196,046,922
+
7
16
Chicago
St.
The
gains,
Nov., 1938
+15.2
14,917,580,932
31
Atlanta
7th
8th
The
r
769,724,424
v
;
-
Philadelphia
17.5%,
Nov„ 1939
Inc. or dec. %
Nov., 1940
1,984,223,661
904,400,960
1,171,468,679
6th
Richmond
$1,308,440,442
2,328,226,612
today, inasmuch as the week
18.9%;
$1,506,875,510
"
"
M
and the Saturday figures will
25.9%.
and Boston 15.2%.
17.4%
"
Richmond
Louis
with
Chicago
18
9
5th
—
gain of
improvement of. 25.3%,
an
Minneapolis of 24.7% and Kansas City of ,22.0%.
17
Philadelphia
was next with a
remabiuig four Districts also were credited, with
Nov., 1941
14 Cities
14
"
—
Cleveland
estimated.
incrase of 31.0%;
Federal Reserve Districts
1st
Dallas
Cleveland District showed
In the New
York Reserve District the totals showed an increase of
3d
Accordingly, in the
28.^% gain in
bL27.7^ :and
+18.9
+19.8
+23.0
$4,539,451,913
the 5 nearest? approach to this leveLwas the
'&e\A41anta<''District^-St'XA>uls:foilowed:^&^;^^ea^0
4th
the elaborate
760,434,168
238,660,906
167,257,845
197,525,715
;
—w—a
foregoing will appear in our issue of next week.
above the last
*
.
+23.5
+15,4
+28.7
+29.7
+29.6
+19.8
+28.4
V
-
the month of November. For that month there, was an
140,339,000
not be available until noon today.
In
—.
127,190,040
$4,972,969,170
1,091,515,255
today (Saturday)
:■
V
cities
City-«~—.V—i
103,312,000
168,128,000
cannot furnish them
44
6
Grand total
■
2d
ends
>
—10
—
.
—
Francisco >.w*———+
12th San
156,398,393
Complete and exact details for the week covered by
the
4
.
233,884,522
266,044,790
.Inc.,or Dec;
$311,318,749
"3,411,620,021
502,640,417,
357,236,913
180,519,955
%
$2,894,006,901
245,586,818
City
Louis
San
•
445,000,000
a—
Boston
Kansas
Bt.
1940
1941
341,877,296
———
—
llthDallas
increase for the week ended
$3,048,699,042
463,370,665
-^———..—-18
Louis
Canada
—
7 "
6"
——10
44
Minneapolis ——-———..—————•7" 44
10th Kansas City »«-—1G
Clearings—Returns by Telegraph
Chicago
646,748,590
9th
Outside N. Y.
New York
......
"
—
.-
1940
$384,567,193
3,935,774,915
————
——
——-
follows:
Week Ending Dec. 13—
1941
—10
-
SUMMARY OF BANK' CLEARINGS
,
."
fid
Richmond
corresponding
Friday of 5.3 %0ur .comparative summary for the week
by Federal Reserve districts.
a summary
—..12 Cities
5th
381,310 against $6,788,168,606 for the same week in 1940.
an
furnish
Boston
4th
Our preliminary total stands at $7,397,-
At this center there is
we
Federal Reserve Districts
chief cities of
country, indicate that for the week ended today,
States from which it is possible to
following
Week Ending Dec. 6,1541
Preliminary figures compiled by us,
ago.
year
Saturday, December 13, 1941
'
523,942,009
832,865,773
—
16,461,983,600
13,511,030,639
$2,008,796,823
$1,715,867,610
1,138,027,247
1,049,558,165
$25,270,228,098
12,348,533,462
$24,093,103,063
? 11,021,682,100
$1,612,187,626
$1,661,720,521
+31.0
-
+17.1
.
'
500,076,745
827,313,611
555,075,021
+25.9
+13.4
+21.8
32 cities
1,813,118,698
1,468,778,621
671,749,662
.
806,697,692
2,177,880,779
702,280,601
.
$1,148,754,271
13,528.137,399
• L632.621.886
1,215.567,227
591,172,447
• -713,037,451
1,944,306,845
-600,700,765
444.783,290
731,195,550
493,267,767
the aggregate
of clearings for the whole country having
amounted to $7,799,029,054 against $6,430,643,175 in the
s^me week of 1940.
Outside of this city there was an
increase of 27.9%, the bank clearings at this center
having recorded an increase of 15.0%.
We group the
cities according to the Federal Reserve districts in which
they are located and from this it appears that the New
York Reserve District (including this city), recorded
an improvement of 15.4%, the smallest of any District,
The greatest gain, 37.6%, was recorded by the Dallas
District.
Next in order were Minneapolis with a gain
cf 34.6% and San Francisco with 31.3%.
Gains in the
next six districts were within
a
five point spread, rang¬
ing from 29.7% in Cleveland to 25.1% in Kansas City;
Federal Reserve Districts
1st
Boston
2d
New
3d
Philadelphia
4th
——.
—
York
——.
Cleveland
5th
Richmond
6th
Atlanta
7th
Chicago
8th
St.
9th
Minneapolis
—
.
Louis
10th Kansas City
11th Dallas
12th San Francisco
between
were Richmond with 29.6%, Philadelphia with
28.7%, Chicago with 28.4% and St. Louis with a gain
of 25.4%,
The remaining two districts, Boston and At¬
lanta, recorded gains of 23.5% and 19.8% respectively.
Our usual monthly detailed statement of transactions
the New York Stock Exchange is appended.
The
on
results for November and
the
11 months
of 1941
and
1940 follow:
Total
——.
Outside N, Y. City.
Canada
——.
The
Month
of January-
February
March
course
of bank clearings at leading cities of the
chunttjfrforth£ ■ month of Noyemb^«a^ tsittce Jan. 1 m
each of the
last four years is shown in the. subjoined
_
statement:
-Month ol November'
1941
:1bank ;czl:A^Qs->t':iJUU)iNa cities
1940
1941
omitted)
Boston
—
—
phila.
St.
Total bonds— $140,746,000 $159,006,000 $1,887,068,000 $1,458,201,000
1,347
1,191
18,243
15,143
43,935
13,127
1,295
1,120
1,029
985
13,096
2,223
1,889
1,728
1,548
24,033
422
414
356
5,491
10,780
19,324
4,354
10,415
17,922
4,091
9,435
16,210
3,800
5,458
6,665
3,234
2,704
4,995
,6,364
2,955
2,515
535
Louis..
629
568
466
8,271
672
652
602
8,508
456
381
315
276
4,888
362*
288
274
233
3,705
City
527
429
431
Cleveland—
.576-
519
484
355 -5,666
-391
6,961
Minn'polis-
407
325
311
272
Pittsburgh-'
773
835
Baltimore-
to 1941 is indicated in the
CincinnatiKans.
200
190
174
771
628
454
407
8,148
17*
154
142
2,424
Omaha — y
171.
139
54'
' 141 "
48
134
244
Providence-
61
Milwaukee-
106;
Buffalo—
196
126
,153.
Ind'poliS—
109
Richmond-
.v248
97'
Memphis.
191"
259
185
97
" 78
Other cities
Total all
Out. N.Y.C.
;
56
v
3,567
2,873
.
.
108
1,158
1,324
1,789
1,480'
•
79 ';-; 1,164-r - 961
2,517
2,024
-
>•
44
,
46
2,590
27,924i25,270
2,372
.
1,326
469
.
900
1,203
1,144
1,431 •) 1,345
886
802
1,901
1,795
971 , " 868
.^2,622+ : 1,917
1.^57
759
708
: 631
518 ;'+ 496
917
65
1,469'
1-1,504 -i 1,393
1,651: 1,109 ;
:1,678.
95
,
161, ' 144
"74 ' "
-
949
138
-
1,723
3,943
•
.
.
118
128
• >
4,537
.1,605
146
28,094 25,051 22,680 21,721
31,661
5,645
1,740-
;
1,665
91
157
54
3,918
2,961
3,460 ' 3,141
1,948
1,864
221 v.;. 182
212
Seattle
--
,
4,508
2,097+
150
159
4,000
5,156
129
162
185.
4,327
1,038
88
,
4,537
1,139
85
Paul
,
1,764 js 1,465 +1,425
'888
543 • 494
44
95
Dehver)--.,
Total
39.4
:)
6,350
7,054
3,787
2,940
4,151
2,537
239 '
Orl's-
Hartford.
+ 21.8
.
Louisville—
Salt L'k C'y
+
■
Detroit—-
St.
+ 24.9
165,132 144,682 149,917 147,205
1,449
San- Fran.-
New
1938
1,714
The Volume of transactions in share properties on the
New York Stock Exchange for the 11 months of 1938
following:
1939
1940
1941
1938
1939
15,199 14,413 12,922 13,071
York..
New
Chicago
1940
in November
—Jan. 1 to Nov. 30-—
——Month of Nov.——
(000,000
642
;
217
,299,402 251,402 247,991 237,346
36,396
29,445
26,801, 24,913
24,093 335,798 280,847 274,792 262,259
16,462 13,511 12,349 11,022
170,666 136,165 124,875 115,054
Volume 154
"*
•
We
add
now
years.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4019
our
.*•■; >•
\
detailed statement showing the figures lor «ach city separately-for November and since Jan. 1 for two years and for the week ended Dec. 6 for four
v'y* V>;-■
>•■
"■
-
•' »' ■,.'>.."'•/•+>•■
-November
:>
Dec. %
1940
$
■j>. $
■**
~y
V1 "■J=■
11 Months
Inc. or
•1941
Clearings at—
Inc.
1940
"1941
;>•
A
Me.—Bangor
>. Portland
3,603,231
12,459,568
Mass.—Boston
Fall
'
River
Holyokc
Worcester
"Conn.—Hartford .J'
■
I
Waterbury
R.
1,791,976
.54,009,279
I.—Providence
<>
•».,
.If. H.—Manchestcr
.
16.8
+
4.6
i
-
856,392
i
;
$
»"•
Inc.
3,534.529
2,311,832
264,473,253
1,056,520"*
•
455,757
540,705
1,141,523
840,830
9.4
4,562,431
4,377,154
+
102,597,494
+ 17.8
2,961,600
2,410,632
565,006,729
+ 13.6
18,253,655
14,463,139
250,723-139 >
+>> 83,276,600 /
216,526,132
78,526,400
543,432,400
29,127,635
+ 15.8
6,565,592
6,399,100
687,827,800
3.9
i
;
;
30,843,355
12,705,545,358
15,366,671,972
i
-
•
or
>
••
"
..
1939
Dec. %
''
-
•'* '■
r
' * >'■"
*-
..
1938
$
$
::
'J
•
r
+20.8
>•
+ 18.8
750,919
573,506
545,413
52.9
2,897,028
+ 24.2
234,492,558
2,129,729
217,524,914
705,470
+
881,948
+21.9
160,102,938
]
t
709,115 4A
■'
..'
;>/'.:>■
'■•,'>> r.y
328,448,Q78
"VV„.
8.2,
+
■
' .;>
:>•:
15.8
+
19,919,780
34,176,545
-
26.0
+
+ 21.5
+'20.7
18,265,426
:
•
f
+■
■*
,.v.
>641,694,796
+ 15.2
1,308,440,442 •;.>
"
41,663,388 >
175,224,346 "
120,871,339
i5?./
13.3-
+
—
;•*••;• 3,180,791 •
1,506,875,510
+
—11..2
'
Total ' (14 cttleS)*
95,379,548
10,780,190,978
33,758,965
21,146,253
»/ 21,545,745
H
+15.3
53,684,800-
3.057,982
" 120,169,874
+19.3
-
7,762,400
60,831,100
-
.
23.9
+
20,689,360
6,892,600
39.4 V:
+
f
» 17,025,057 <>
9,571,143 /
+-23.5
28,534,388
13,005,697,768
40,734,456
V
;
>>
—0.50-
2,338,281
3,386,096
>, >23,859^786
New'
.
+37.7
+ 18.8
m
"y
35,253,113
+15.6-
3,630,651
,>
:
SDrinc field
-Springfield
•■
>:
2,497,776
,.2,326,780
>" 4,194,605
>?>> 20,309,699
11,174,756
> > -V. %.56,486,410
!
---
>
9,045,569
1,119,719,105
!
-4,314,545
■»y
---
—
"Z:
Bedford
'
k
'
-
Lowell
New
1,294,866,672
r
.
+38.3
2,605,934
1940
1941
■>.y y:
;
•
Week Ended Dec. 6
Dec. %
$
$
V'/:i:
;<■■■•"
,
or
First Federal
r
.
1503
+
6.0
+
26.6
+
5.9
2,188,569
+
20.9
384,567,193
14,457,600k,
+ 18.6
,
>
489,913
740,693
3,511,231
+ 35.8
+
4.2
+
22.9
vy
+
311,318,749
2.6
381,512
727,440
3,325,153
1,987,909
-
2,313,501
+ 26.2
12,343,000
1,652,989 :v ;
>
,
'
11,143,082
4,355,589
10,887,041
:
.
.
4,813,000
.
+17.1
10,260,700
+
32,4
875,171
,,-10,813,100
605,899
+
23.5
272,605,261
254,245,210
•>
Second Federal
>
N.
York—
;
46,386,470
Bingham ton
•
-
4,163,137
4,687,732
15,199,268,419
14,413,036,784
-
—
York
•
■
Rochester
•
•
Syracuse "
•
N.
<
22,089,154
1-
-
N. J
i
563,088
V
'
•>'
2,050,837
>;
v
■
—
"•
■
523,631,177
-
1
6.2
492,893,101
-
9,827,811-<.
-•
66,304,940
t
.
2,097,129,922
•
35,722,753
>
47,909,071
165,132,273,312
>> 459,409,413
V - 260,141,503
s.
-
1,665,205,778
25,568,084
-"/""-.'■i 41,758,892
i
1.7 > >
>
+12.1
*1,038,843,056
1,369,983,826
35,037,906
+ "9.2
•
-
:
1,365,746
+ 12.9
;> +36.1
■
r
3,783,533,431
+
17.0
11.336,027
;-; +12.5
6,306,171
3,290,248,637.
v+
,
9,359,240
4,703,038
>
5,830,540
1,070,781
6,378,203
33,500,000
503,146
31,600,000
899,894
513,638
+ 34.9
730,018
-637,451
+ 15.0
3,061,482,328
8,062,394
4,348,025
3,710.144,165
+ 18.8
4,217,813
543,934
18,217,031
25,408,897
4,511,319
"374,337
16,204,407
26,337,539
15.4
3,163,912,907
3,808,650,968
—43.2
+.15.8
482,086
729,527
401,471
849,245
+13.1
460,159
+31.1
1,323,361
+29.6
417,000,000
21.1
+
+34.1.
-
>
:
■
6,738,940
4,310,985
+21.6
6,443,442
+ 20.6
—
1,200,724,747
840,371
,
-
+ 17.4
777,416
1,134,070
14.1
>-
37,400,000. i
+ -:v
912,885
+
21,735^317
896,784,514
r
50,900,000
>
» +14.7.
43,694,897
223,133,657
i;
,
> + 39.7
231,236,768
53,147,912 >'
269,151,036 v.
: 21,666,749
1,542,235
v'. + 25.9
.
144,681,688,166--.
>• 392,731,405
-
■:
+11.1
59,680,274
-
0.3
; >
.
5,282,686
426,206
500,467
^
+ 15.8
25,980,725
+
14.1
37,357,351
+
7.8
.
.
.:>
+ 22.0
17.4
+
;
21,516,747 >
31,436,262
+20.7
*
'
3,149,074
3,404,614
■-
+
8 1
+
5.B
32,511,985
-
Total
■> + 18.9
8,263,672
'
:
.
87,710,339 J,115,635,750
98,306,647
126,272,846
•v-
4,106,463
21,794,237
.
"j2,015,568
*
-Ji,
©ranges
4,764,605
2-
J.—Montclair
Newark
: Northern
-
36,190,811
-
-
V
Conn.—Stamford
•;*
•
41,291,565
24,345,662
-
:
-
,
Utica
••i
2,627,141
•
Jamestown
•
.161,547,891
3,747,957
v>.
"
•
Elmira
< -New
5,454,360
■
>> 195,671,163
■
+23.7 s
+28.5
' r - "+'21.1 ..
" •"'.+ 42.7
' j+11.2 l
•
+ 5.5-"
• + 14.1
> : +10.2
k
+16.0;.
v v- +11^3
37,500,359
7,011,491
Buffalo
r
+-
;
-
Y.—Albany.
?
.
District—New
'>>
<14 cities)15,780,913,432>U 14,917,580,932
'
+
3,411,620,021
3,935,774,915
+14.3
A 171,410,352,576 •150,009,347,587
Third Federal
'
Pa.—Altoona^
v
;
Chester
i
«
'
^
:
;
Scrantpn
.
,
2,031,787
3,596,591 >;>:
2,062,513
9,918,550 f
11,019,062
V
2,218,915
2,230,611
-
5,836,604
Bois
Du
_
17,392,-699
Del.—Wilmington
t.
Fourth
1__
Cincinnati
676,286,869
58,402,400
>51-, 416,100
2,793,781
2,363,053
>
Cleveland
'
-
Hamilton
Lorain
>
._--.
Youngstown
Toledo
>
:
•
'
'
•
+
'
V
528,979
106,832,015
+ 14.6
62,201,759
+18.8
(1,028
20,530,798
+ 13.1
2
.
115,213,840
51,829,609
>
•
.
+17.4
^ >125,236,046,646
.
>-675,371
cities).
+ 25»8
,
1,891,514
1,422,465
+
26.1
13,328,910
+
3.7
+
4.7
,
,
30.2
+
t;
518,986,900
+13.6
> d 32,583*865
-•■+18.2 ;■>-■;>
'
>
■-->+>12,536,794,
1.5-
.+
+ 19.8
*•
+
18.5
'
+
24.1^'
+
20.0
:
110,045,338
>'
169,495,706
>
77,484,485
-
296,516,486
f
'
'
.
> >v
>
1,860,632
,
+21.0
482,770
+
760,528
+ 49.5
12,003,932
6,605,204
8,766,970
+
6,343,683
+
4.1
7,871,320
7,344,656
+
7.2
1,984,223,661
1,583,805,795
3,795,324
2,865,538
16,178,000
211,667,724
247,976,370
Richmond
Greenville
—
Md.—Baltimore
y_
Frederick
8,271.185,294 ^;v
;
C.—Washington
+ 13.2
+.36.4
1,014,428
1,274,541
-
10.8
3,314,800
23.9
646,748,590
+ 32.3
3,094,265
+
26.0
+
35.0
92,976,591
161,375,977
.+
19.4
15,541,400
25,593,631
10,583,443
+ 27.3
>806,846
85,425,931
+ 28.8
137,859,886
+ 22.9
62,266,812
231,147,451
+ 24.4
4,"i48l8D0
'-420:1*
'
28.7
+
502,640,417
>
3,825,500
7,242,600
430,298,687
359,753,691
2,272,292
3.065,687 >
64,917,258
123,347,600
14,040,400 <
1,781,396,.
59,566,874
98,078,563
11,287,300
52,762,340
83,135,128
10,661,300
--
1,695,842
3,168,168
1,660,203
2,166,488
2,664,812
2,577,408
1,848,853
2,683,845
185,140,212
147,333,270
+ 25.7
127,316,382
101,605,998
463,370,665
357,236,913
+
29.7
.303,385,421
253,773,053
29.6
+ 28.3
+30.3
+ 25.0
114,222,688
+14.3
3.4
19.4
20*825,154,497> f
15,993,003,735
+
30.2
+;30.6
132,125,590
72,025,543
;
+
23.0
3,242,000
3,231,000
+
33.1
43,589,527
+
33.9
1,642,790
+
29.5
1,427,274
38,905,536
1,227,363
+
<
1,025,247
+ 23.8
+ 30.4
3,786,636,861
18,839,857
+
29.1
+
17.6
123,210,129
91,378,342
35,180lO95
1,586,558,175- >
1,274,489,330
+ 24.5
39,248,968
9,533,146,896
7,502,621,536
+
27.1
233,884,522
180,519,955
>,•
17.5
+
4,282,000
47,245,881
62,795,517
110,884,619
55,253,765
> 4,887,572,356 '
22,153,295 .>
> +12.0
.
5,390,000
62,883,219
-2,126,959
137,273,318
.
+29:9
769,724,424
32.0
24.4
84,099,086
+19v7
;-y.
1,644,870
344.286
+
+
+
+ 39.4
27,805,891
,
t
564,813
790,847
142,231,000
2,023,684,696
-3.8,754,425
.
,+^.6<;
5,870,941>
41.8
+
81,402,291
+
V +23.6
•
+ 31.7
+
187,733,000
-
+ 13.9
"
71,751,155
,
34.8
72,211,132
62,963,395
"+Tll6
27,3171341
24,2~70l497
29.6
148,352,087
130,942,077
3,717,509
18,522,298
51,600,000
+
'
Sixth
District—Atlanta—r
27,515,027
129,459,380
Federal
"
Tenu.—hnoxvnle "
Augusta
.
Columbus
Macon
Tampa
Ala.—Birmingham
*
Montgomery
>>;.
Miss.—Hattiesburg
Jackson
Orleans
(16
cities)
—
61.9
837,541
+
14.7
243,785,400
199,584.468
+
22.1'
1,171,468,679
909,934,347
+
28.7
770,566,169
6,847,507
11.5
Jackson
+
13.2
7,705,161
+
47.1
2,997,869
2,998,906
+
29.0
3,866,690
3,260,338
10,202,038
20,578,751
South
Bend
Terre
Haute
Oshkosh
Sheboygan
a.—Cedar Rapids
Des
.
Moines
Sioux
City
11.—Aurora
Blooraington
-V
""II.
•
Chicago
38,214,581
22.6
-
.+
17.7
V
IIIIII
1,714,254,099
18,i243{059,228
5,700,869
22,727,894
66,158,620
9.5
220,605,397
""""""
9,446,500
20,559,654
+ 65.7
8,377,761
35.*2
"""""
89,542,875
y lv r' 76,080,124
> J
7,954,223
v
7,053,168"
>
16,550,986
,
—28.0
1,016,027
-
>
+
9.0
+
*
—
+
6,452;7l4
+
705,961
520,314
2,967,651,786
2,495,749,739
9.3
+ 35.7
+
21.1
+
>.
—
16.5
558,256
533,813
+
4.6
453,062
+ 44.3
201,318,306
148,171,130
+
35.9
101,220,581
384,134
88,255,636
5,645,134,101
53,841,968
159,088,889
25,302,185
78,894,959
30,818,178
30,388,811
86,085,474
174,713,727
960,742,597
99,207,861
+ 25.6
4,5961907
3,960,855
>16l!
3,2661292
2,7221664
2,78>813
2,4181474
+
15.3
l,549l 993
1.2T9I535
2,891,481
2,387,911
+
21.1
1,839,241
1,070,540
25,m656
+
10.9
20,188,000
16,994l000
275,817,812
67,837,956
1,037,654,798
16,732,165
32,012,276
4,925,181
15,009,088
:
57,775,171
468,088,069
180,117,515
10,260,871
23,487,505
18,318,533
15,142,976,680
'
6,195,838
4-13.0
21,487,194
7,552,676
+
19,982,944
68,038,540
536,129,682
25.0
>
93,235,428
yy>"
6,264,590
18.369,939
•
.
*+13.8
.+:18.3
Springfield
Total
24.5
1,448,545,107
2,437,579
f
Sterling
+
2,058,243
"I""
Decatur
Rockford
2,781,992
417,196
212,093,717
10,421,528
28,420,090
21,823,621
'
Peoria
1,138,907,704
20,004,241
+
60,449,000
94.7
152,562,903
2,237,108
1,646,247
-
—
6,614,257
51,999,395
1,675,538
+ 16.5
+
180,957,138
11.2
31.3
2,195,566
+ 19.8
24.3
47.9
17,8341828
32.8
+
222,004,559
+
+
21,035,000
266,044,790
-.+
+
3,461,654
20,143,000
22,8261649
31.9
1,541,066
-
+ 37.2
27,866,579
2,606,517
+
6,755,462
94,962,175
1,359,651
5,810,628
42,421,229
.
19,480,458
731,559
"
;J
Ames
-
36,8791183
8,857,108,265
131,067,248
*
+34.4
—19.5
"+32l3
11,686,072,692
320,800,930
;> 81,783,043
547,676
+ 19.4
•
~97~9l053
199,433
18.6
2,010,488
'
Manitowoc
.
31.5
1,119,473
"9841529
35,879,771
12.9
______
WateTtown
29,016,000
+
1,438,148
2.7
220,908
+
13.1
23,368,000
+ 49.7.
+ 83.9
—
47,942,163
+
+
1,6951452
1,7421132
0.1
+ 19,6
V-
1,564,363
+ 36.6
10,469,222
105,641,752
1,916,165
3,463,759
Milwaukee
2,876,277
+ 35.5
61,100,000
245,770
26,398,102
96,871,587
+ 24.3
4,114,284
19,991,891
43,862,982
12,421,682
7,643,849
Vis.—Madison
+
64,824,677
58,277,543
47,827,397
990,683,123
68,882,786
+ 24.0
+ 28.8
+ 16.8
245,491
31,573,793
109,332,066
—
—
+
8,467,354
17,575,313
4,936,088
22,764,128
87,400,000
59,903,666
1,164,145,714
4.3
+
2,462,530
.
29,392,323
102,100,000
10.51
214,693,076
+
15,738,618
2,787,238
11,331,074
3,067,400,000
32.6
2,537,382,982
>109,417,724
6,564,482
17,552,269
6,122,744
31.6
+ 30.9
8.7
22.8
24.2
+
1,948,368,579
17.1
4.8
+
+
+
117,724,000
105,348,322
26,029,384
8,321,625
..
+ 20.5
+
216,869,180
954,657,905
1,104,252,246
101,063,300
51,277,231
•
23,281,573
8,148,337,541
67,614,234
193,194,672
33,673,150
105,098,045
42,371,290
37,439,596
2,280,739
627,577,353
Grand Rapids
Indianapolis
•
+
7.5
Gary
'
+41.7
-
23.0
Muskegon
,
59,734,760
19.4
+
Bay City
——
:nd.—Ft. Wayne
;
0.1
17.7
+
+
Lansing
;
52.7
'■1,302,456,921
82,255,691
1,483,615,015
138,653,857
+
>,+
Flint
,
'
116,812,757 A
10,341,293
6,038,679
District—Chicago—
2,389,848
Arbor
+26.9
,
.
5,983,739
1,964,197
730,191
Detroit
;
•
6,250,000
.
Federal
Seventh
dicn.—Ann
,
<
14.5
2,416,525
Vicksburg
Total
52.3
+
9,349,522
_L_.
Meridian
La.—New
30.3
+
6,664,430
5,552,603
6,033,691
10,121,000
10,048,070
___
+
6,617,557
95,598,771
15,788,676
Mobile
319,000.000
-
112,509,571
7,131,354
165,565,763
Fla.—Jacksonville
; +33.2
97,168,264
415,500,000
10,079,167
7,630,225
7,047,289
6a.—Atlanta
269,261.332
1,256,578,002
4,067,534,000
>
80,593,771
+
78,962,767
-y 71,620,263
23.5
+
22,277,876->
.
-
Nashville
52,007,405
*
•
+
21.4
+
33.1
+ 33.2
+
37.5
+
23.2
"
+27.1
+ 22.9
27,910,000
3.370,625
7,320,296 y ;
+ 21.2
+
32.1
+ 16.3
2,572,522
7,113,155
+
31.0
1,959,740
1,209,839
+
2.9
5,622,907
4,702,641
+
27^6
22,627^347
+ 20.6
+
29,8061304
9.8
23,359>60
20,193,953
—
.
+ 19.6
+ 19.4
+
27.2
+ 24.2
—10.9
1,769,032
15,618,138
1,985,498
12,004,086
+
30.1
1,369,911
10,474,678
9,273,289
5,053,367
4,233,326
+
19.4
4,074,564
3,558,001
19.1
516,252
8.8
445,876,639
1,847,855
474,611
347,737,350
+
+20.5
+
+
17.8
+ 14.5
+17.8
+
1,160,427
1.6
+ 21.0
+
>
+ 27.2
+
;
9.5
201,438.357
64,412,381
> +39.0
67,383,695
+12.9
6,808*924
+16.8
453,087
312,262,357
1,146,372
685,181
274,196.954
855,117
3,766,6611
5,280.919
1,719,477
5.1
4,035,689
2,162,547
+ 25.8
1,262^87
915,654
2,019,754
1,646,379
+ 22.7
1,430,760
1,541,170
760,434,168
592,234,206
+ 28.4
495,237,568
432,705,396
5,010,596
•
^
1,461,040
28.2
+ 26.5
—
•
-i—-
(31 cities)
:>rh-t'.
^
+18;^;31,475^)06,536
; 25,107,266,076
+ 25,4
■i
iVU-v,
!,
■
-t
>
-
1,281,494
....
„
+ 18.5
72,571,105
,86,655,395
y
1,290,203
2,276,808
•
+
J
«>"»
>2,516,977,698
381,306,116
904,400,960
cities)
1,419,531
1,364,065
344,000,000
•
.'Kv.
+
6,349,620,120
101,790,764;
130,565,187 y
*74,177,030 ^
36.9
+32.4
:
d 11,636,230
>
2,759,042
v.
7,977,764
11,312,217
■
+ 25.3
6.429,415
7,948,072
11,941,157
>7,664,710
456,289,973
2,136,265
148,004,089
C.-^Charleston
Columbia
1,430,243
14.5
+
21.2
+
4,441,740
5,851,537'
+ 22.8.;
629,019,075
18,645,000
.
.
+.13.4
11,223,537
12,780,953,^. >
52.9
+ 26.1
_
-
>
18.3
1.740,174
2,477,065
'
990,215
7,471,041
t
.
-
1,606,773
+ 14.4
-
487,000,000
.
2,836,440 "
6.6
+
110,995,425-
>•>
,
1,442,440
•
631.000,000
+ 24.4
•+10.2
62,731,604 i
3/704,832,461 iAtfr 2,940,477,682
5,156,456,174
District—Richmond-
Federal
v a.—Huntington
Va.—Norfolk
(9
^<>146,841,991
14.3-:
+
•
+ 23.6
20,362,948,986
;
.
'
,i
19,324,000,000 "
• 73,167,364
J
13,823*820
1,331,289
598,380
.
■
9,424,207
City
(18
>
772,592,609
,
Total
;
1,137,300
Ky.—Lexington
W. Va.—Wheeling
D.
-
22,205,735
>
*
Erie
-
5,378,366
738,128
'
Total
' 13,004,328
>
1,197,674
Franklin
8.
r
26,649,600
>
Co.
Greensburg
Pittsburgh
Fifth
>
-6,675.145
Pa.—Beaver
W.
r
1,133,082
8,387,379
.
10,051,860
15,404,935
+
y
.
Newark
Oil
.
V v
J .1,542,215
v
y;* 122,776,403
f
59,291,693
'
,
14.5
44.8
+ 18.5
*
.1,150,397
>-
—
Mansfleld
•
V>
1,188,074"
+
+
20,165,656
,/+45.2vy>
7,510.780
>,>.
-1,175.761
+
8.8 :
y 31,678,802 r ,
* 27,933,791
+->3.4
^ >*r'236,®80,104 <>> ^195,131,221
+ 43.1 >> +--'• 227,279,725
265,209,030
11,797,355
".287,597,619
> 519,343,840
'Columbus
-
;
*
27,343,769
2%
+ " 7.9 *
,
,
'
1,983,122.953
13,481,748
+*-.." 361,756,552
"
5
73;899,656
I
22,317,078
31,009.522
Federal
Ohio—Canton
:
<
.
1
122,415,844
<
0.5
—26.6
15,494,200
v
Jl2
Total-
,
16,816,833
:
22,176,700 ;
J.—Trenton
N.
.
23,901,207
-v*
5,749,448
1,507,219
.V-549,973
2,676,782
>1,106,880
798,461 '
2,911,277 1
___
Hazleton
V
: :A
—
4,757,397
"J-
7,5«2,708
Pottsville-
•.
.
11.288,088
'
;
;';
;i:__
_i__
45,887,251
/
r
V+
y
^1-25,542,848'
> .«
■>
0 Ji
.
V
1 Wilkes-Barre
York
15.6
Vf r
-
.
^--.■::2,223,000,000
-
2.7
+
—
1,881,135
J. + 40.5 ,
^ >
>,25,372,377
1,889,000,000 > " Ad +17:7 : £ / 24,633,000,000
t
7,581,176
-23;0^^ ' 60^612^292 v
2,642,404
-'y -
•+
/- + B.O'
5,992,346
7i069,064
'
Lebanon
Norristown
Philadelphia
Beading
2,085,819
4,157,028
2,056,381
'
Lancaster
.
~
.
.
—
Harrisburg
•
A
•-
\ Bethlehem
:
T
»y
■
> >>■
>
>
r.jV.
1504
THE COMMERCIAL & FINANCIAL CHRONICLE
'
;
Saturday, December 13, 1941
"1"
■
-November1
'
■
■
1941
■
,
-11 Months-
Inc. or
1940
1940
Dec.
at—
¥V¥; '¥¥ .''V'"* k
$ 'k
Eighth Federal Reserve District—St.* Louis— ( ;
Clearings
Mo.—St.
Louis
'
—
Independence
Ky.—Louisville
;
•<
Tenn.—Memphis
4,503,781
b,
_
239,491,757
174,941,357
190,894,219
156,652,328
459,241
369,491
3,233,000
3,318,000
111.—Jacksonville
:
Quincy
:Week Ended Dec. 6
—
Dec. °!o
1941
k
1940
1940.
Inc. or
«
——
'
v,
•
1
r
.
«.
ar—-1—1939
1938
,
*
$
i:*r,.
422,387,376'
4,435,600
687,114
1
or
v.;/,
534,630,664
Cape Girardeau
Inc.
5,491,117,007
51,832,145
+ 26.6
■■•■-V
—
:
1.5
: +16.0
592,174
•
21.9
+
1,739,868,031
1,108,747,977"
1,650,504,596
;r
+ 26.1
4 + 28.8
112,000,000
^
88,790,000
+31.7
.-•-i
+ 39.3
♦50,000,000
43,464,931
31,348,968
+ 48.9
43,502,906
34,064,777
19,300,240
+ 24.3
Wh4,320,877
3,798,531
+ 13.8
2.6
32,688,000
29,444,000
+11.0
—
144,200,000
!' +12.7
.
5,979,744
2,423,532,137
+.36.9
.
..
4,354,461,651
46,000,267' ;
+
7,877,601-
i
i.'—
958,000
"723:666
238,660,906
190,252,708
+ 25.4
.y
571666
i-
Total
(7 cities)
27.7
+
762,764,507
973,831,595
9,661,872,363
7,288,300,201
+ 11.0
167,805,376
139,920,203
■v
Ninth
Federal
Reserve
District—Minneapolis—
'*
Minn.—Duluth
Rochester
St.
Paul
D.—Fargo
Grand
;
Forks
Minot
•6.
1
'k
1,397,626
D.—Aberdeen
Sioux
'•
r.
+ 11.5
4,236,208
3,381,727
+ 25.3
+ 20.0
106,365,220
78,584,102
+ 35.4
20,282,103
1,323,899,039
+
33,558,814
26.7
1,558,205,964
;?■
+27.9
;.
x
1.9 ?.
630,854
—63.9
11,864,546
+ 20.8
...
19,668,125
134,736,070
1,322,000
+ 20.7
13,626,000
+ 25.3
13,029,824
3;976,241
7,214,616
1,090,006
908,435
+27.2
-k+V
49.888,696
+ 34,1
+20.0
-
-
5,020,822
.;
v
1,115,000
9,675,845
5,057,602
Falls
Huron
155,559,247
3,459,848,548
21,142,230
,+
1,811,367
227,522
14,330,620
1,595,000
.
173,485,564
4,150,961,018
—-
125,665,253
•
+ 11.0
+ 25.0
■'
1,878,076
159,274,279
2,316,627
Fergus Falls
:
*
1,842,564
_.
/
325,427*990
406,776,902
Winona
.
N.
16,547,582
18,372,500
Minneapolis
,
94,344,891
.
*
10,194,060
,
'
t
Great Falls
_
Helena
Lewistown
Total
<'
Tenth
4,438,379
5,636,813
Mont.—Billings
Federal
District—Kansas
Reserve
Hastings
Lincoln
—20.5
119,293,219
12,113,000
10,140,737
39,964.185
+ 12.9
+ 24.8
70,556,887
+
+ 15.1
41,316,757
+ 18.9
Manhattan
Parsons
Wichita
Mo.—Joplin
.'
Kansas
St.
908,428
*"¥23.037
2,*966:137
+18.8
167,257,845
124,267,266
+ 34.6
111,560,748
102,815,846
4,758,937
■•-+10.5
130,679
175,594
139,163
6,322,111
+ 18.2
167,236
137,787
151,992
2,876,283 :
580,916
3,799,932
6,525,405,008
5,491,002,392
+ 12.9
b
City—
424,003
457,930
*600,000
559,787
>
11,295,622
.138,555,202
—
7.4
+
kOj¥
5,258,582
7.2
7,472,494
+11.3
140,149,697
23.1
1,764,153,993
1,464,503,878
+ 20.5
+10.2
245,289,510
200,001,418
+ 22.6
V- +
18,153,281 -•.-k
-135,270,716
.
+ 33.2
932,038
.'719,697
29-.5
9,724,797
8,190,405
9,302,403
16,581,314
8,266,734
12,969,179
+12.5
110,004,330
104,695,312
27.9
182,892,735
144,154,101
3,544,189
2,482,121
429,199,610
+ 42.8
32,264,516
26,330,663
5,665,929,521
4,537,200,999
698,870
526,744,405
City
15,429,006
622,329
Okla.—Tulsa
45,528,590
—
Colo.—Colorado
+
+
;■*■•?.+ 22.7
569,103 ;
35,648,683
+
7,355,445
Total
—
4,4
+
5.1
-k—w-iL-.'
Eleventh
Federal
29,301,218
'832,865,773
+
18,796,963
16,652,940
+ 12.9
22.0
10,661,531,947
8,733,252,792
+ 22.1
>;
8,259,979
6,883,933
+ 20.0
88,234,877
5,748,166
4,885,203
+ 17.7
55,870,318
343,547,000
271,355,000
+ 26.6
3,365,770,906
-
DallasPaso
v.;
.
Arthur
•
2.6
86,001,101
+
47,385,674
+ 17.9
2,710,566,000
+ 24.2
'
Texarkana
(11 cities)
+ 32.8
+ 29.0
12,925,541
106,982,000
+ 11.3
3,492,000
233,528,783
+ 23.9
2,874,262,559
2,331,974,034
+ 23.3
1,941,195
+ 22.0
23,913,465
21,865,202
+
4,841,042 -0
1,525,332
+ 12.3
58,353,526
49,331,520
+ 18.3
•
15,123.686
613,276,564
771,915,111
_
_
_
_
_
•
L
Portland
Salt
__
Lake
f-
_
V-
_
City
»
Ariz.—Phoenix
_
Calif:—Bakersfleld
;
Berkley
Long Beach
¥_
_
_
___
Francisco
San
Jose
-
Total
-
-
_
(19 cities)
Grand total
49,*27+057
**•'■''-;'w
■
149,378,171
129,452,269
2
';
-
•
8,527,663
+
51.6
7,658:463
8,431,370
2,475,000
+ 41.1
2,889,000
2,252,477
1,109,591
+ 32.9
3,737,377 -k
+ 37.1
71,215,604
65,887,421
9.4
1,474,686
*
14,319,089
+ 39.2
157,229,178
+ 21.5
5,124,132
+ 25.9
7,529,892,485
6,087,082,913
+ 23.7
110,515,350
80,288,556
:
1.4
5,194,503
+ 47.5
6,057,691
+
+
1,931,000
1,515,000
259,584,080
164,684,929
—
■A
39.9
+
v,
f
+37.6
5.:
0.4 xi
+27.5
+
,
57.6
29,865,518
25,109,319
+ 18.9
2,622,298,006
1,916,965,799
+ 36.8
63,316,545
47,544,825
63,763,572
53,188,224
+ 19.9
1,594,856
1,254,512
36,518,989
1,175.363
71,076,363
61,181,885
+ 16.2
20,579,000
15,134,000
+ 36.0
2,324,268,389
1,723,309,878
50,844,627
38,097,302
29,719,845
26,819,517
25,369,699
20,040,173
15,¥82,315
leJoV.eoo
4,888,118
3,554,375
+ 37.5
41,997,801
32,736,784
97,226,730
77,653,995
+ 25.2
917,331,618
758,750,951
18,550,438
15,604,758
+ 18.9
172,882,786
157,800,902
9,760,423
8,373,958
+ 16.6
104,306,026
85,670,474
10,131,391
+ 42.5
+ 34.9
+ 20.9
--+
•
<
+ 21.8
139,419,318
101,795,649
+ 37.0
+ 35.4
224,948,211
180,562,482
+ 24.6
52,890,412
42,878,126
+ 23.4
14,045,880
+ 10,2
169,201,006
146,969,404
+ 15.1
3,310,369
671,942,831
+ 17.2
45,113,888
34,969,151
+ 29.0
+ 24.3
8,507,578,434
7,053,701,522
+ 20.6
164,728,113
134,563,060
16,566,398
,
.
.
...
16,566,023
.
kvv
7,319,419
7,421,627
j;
230,¥s¥741
4,406,818
+ 68.4
3,91i:087
¥iol
+ 25.4
73,831,420
67,124,871
+ 10.0
2,171,086
1,827,862
140,736,484
117,244,824
+ 20.0
3,895,973
2,366,306
+ 31.0
15,887,816,365
12,709,657,305
+ 25.0
+ 13.4
335,788,969,983
280,847,137,146
+19.6
+ 21.8
170,666,696,671
136,165,448,978
+ 25.3
5,846,380,186
5,313,104,017
5,159,441,900
+ 13.3
171,796,922
173,266,842
4,751,565,739
+ 11.8
171,500,645
2,248,233,397
+
4.3
69,840,213
144,433,998
62,533,141
+ 18.7
2,344,031,964
+ 10.1
25,187,629
.',6.7,022,649
20,675,225
+ 21,8
,
4,956,975
+ 22.4
,
4,055:571'
3,788,115
•
394,244,395.
158,462,000
147,¥77:6bo
3,117,979
1,897,695
3,035,842
2,877,327
256,593,866
242,166,221
-
+ 14.7
+
4,526,391
177,074,066
+ 11.9
27,924,067,423
13,511,030,639
31,661,252,019
16,461,983,600
(190 cities).
Outside New York
-
6,540,265
.1,222,859,938
■
4,¥l9:266
13,206,503
1,602,152,396
985.367
:+
12,364,029
14,177,618
33,594,828
9.6
+25.2
k
r
+ 28.3
«•
4,337,022
r
834,999,000
Barbara
1,726,514
5+3*61:936
19,927,478
7,660,550
3,880,102
_
•
Stockton
1,623,034
+ 36.4
190,994,372
2,409,277
5,430,848
15,480,936
_
Riverside
Santa
•*•
'
San
+ 14.9
36.2
185,366,764
14,434,589
—-—1-.—-.
Pasadena
3.8
1,818,178
62,620,747
68.2
2,374,801
22,438,539
__
Modesto
17.6
+
krkk•+-ii"
+
259,368,499
6,080,683
_
"Utah—Ogden
•
___
.
JWa.—Boise
•Ore.—Eugene
2,981,927
District—San Francisco—
Reserve
Seattle_
82,¥I8:221
.
■■
769,240
+
,
Wash.—Bellingham
—
•"'
239,003,915
322,425,200
119,094,000
•
:r !••'
Yakima
..
.
+ 25.1
2,088,772
416,029,698
2,566,296
20,591,392
Federal
3,240,637
>■,
157,948,825
85,410,219
317,441,286
'
Twelfth
;
'.\^^k ;r' v-'.
+ 14.5
5,437,341
.
La.—Shreveport
Total
"
:
197,525,715
+ 40.8
•
2,368,997
Falls
102,72+922¥
6.2
~+
1,493,651
X,'
' '.'V'
798,436
.+28.8
-.
289,290,150
Wichita
v.-
•
9,739,000
47,653,926 k-
12,546,000
_
Houston
Port
;
5+"26:4
3,798,937
.
782,596
ihr*,;,!,
—
33,841,301
29,612,089
33,905,864
-
Worth
Galveston
3,171.416
•
'
El
2,242,773
•
District—Dallas-
Reserve
Beaumont
■Ft.
2,573,018 I
3,706,066
+ 30.1
107,481,404
4,032,684 V
5.8
+ 20.9
+ 13.9
Texas—Austin
;
+
32,450,166
.
2,932.642
34,285,777
+ 15.6
-27,700,965
'
i
0.5
.
3,818,502
134,754,231
+ 12.6
1,480,186,694
36,963,701
¥+
+14.7
.
382,130,299
1,788,804,219
+
32,629,291
2,176,010
-
4,969,444
k.
■
'
:.;V
■+24.9
■
81,617
139.331
-
2,186,125
.
+ 22.5
6,344,393
441,756,768
3,066,033
35,031,667
'
*•
+ 26.9
-
148,621,949
•
7,276,308 '
,
+ 14.8.
1,689,760
1,016,353,187
cities)
(18
'»
V
3,709,520
45,994,764
3.6
+ 32.3
8,571,806
,
167,302,190
• + 9.4;
+27.7
.
3,218,454
1,940,091
Wyoming—Casper
'
,
2,481,054 •'+:+ -3.5
+ 21.0 :
152,723,004
2,872,964 'b-+12.0-.-,
184,799,494
Pueblo
+ 14.1
13,523,172
2,569,107
Springs
Denver
.
710,040
3.23T663
+11.3
Carthage
Joseph
851,053
"+T5".7
+ 20.5
'
."
"+4+2
3,887:199
40,692,052
160,507,090
4,290,920
931,188
'
Topeka
2,359,984
4,498:649*
49,043,170
'
,
2,696,836
"+29:6
178,638,458
.
+ 23.4
1,083,284
+ 22.5
+24.7
24,369,803
1,405,687
+ 44.1
.
29,"166:391
3,903,071
33.7,-
8,858,629
+ 13.9
523,942,009
67.683,769
**+36:6
+ 12.5
403,166
:
45,908,281
+ 28.5
3,917,345
♦20,000.000
City
+ 10.2
6,317,385
16,821,159
170,611,084 \r V
.
49,129,196
17,853,591
4,460,720
12,575,492
Omaha
Kan.—Kansas
+ 27.0
+ 17.7
20,603,548
653,239,090
(16 cities)
•
3,307,471 "
71,399,486
4.2.
.
—
300,311,000
+31.3
7,799,029,054
6,430,643,175
+21.3
4,015,495,623..
3,140,394,538
+27.9
-
-
2,117,625
2,919,997
5,751,303,034
6,072,875,263
*
\>
2,689,820,706
2,362,731,098
-
t Canada—
,i.
;:v^:¥v
Toronto
627,508,365
545,773,013
Montreal
567,343,908
236,532,886
462,530,327
91,433,354
78,030,490
Winnipeg
Vancouver
25,467,192
•
17,602,269
Hamilton
30,498,531
Calgary
31,159,401
+ 22.7
:
,
+ 14.3
i.
17.2
•
182,320,775 '
S'
23,359,840
217,361,367
Halifax
+ 15.0
V !
206,926,214
,
916,539,861
832,662,250.
+19.2
2,474,738,524
9.0'^ •k;-;- 254,920,433
+ 17.5.-
14,979,262
26,356,459
,+ 15.7
+
168,199,222
;
1,483,988,860
236,493,914
147,829,638
.
r
+ 66.8
>,
' -i/ +
7.8
'
5,028,155
+ 13.8
0.8
+
3,947,705
+ 27.4
323,516,239
274,402,923
+17.9
8,523,187
7,975,801
+
+
7.2
309,716,188
257,590,476
+ 20.2
8,533,388
6,948,393
+ 22.8
101,917,454 k
+
3.5
2,532,090
2,238,748
+ 13.1
85,174,357
124,433,276
+
5.0
+
4.5
;
•
r
-
8.5
29,069,165
..
„
+ 26.7
6,349,526
131,131,102
122,730,194
75,627,533
21,129,548
33,349,829
5,648,668
3,217,841
■
,
+ 11.7
52,909,695
6,887,128
.
—
•
-
-
6.9
-
-
6,736,230
.
-
-
8,325,182
2,149,742
.
•
fit. John
9,389,469
9,266,218
+
1.3
105,451,125
Victoria
8,185,205
7,953,266
+
2.9
89,471,692
+
1.9
'
+ondon
11,884,220
20,290,288
24,105,857
1,864,407
25,639,560
-.
25,163,902
Regina
Brandon
+.
fcethbridge
2,135,520
3,694,641
Saskatoon
7,798,299
Moose
3,483,024
Jaw
Bvantford
4,525,841
Fort William
4,778,569
New
}!■
12,114,115
-Edmonton
Westminster
Medicine
Hat
Peterborough
Bherbrooke
—_—
-
7,152,258
3,221,247
4,090,446.
-
•
.
4.4
228,823,343
.+ 14.5
+ 20.8
19,291,320
27,650,857
.+
9.0
72,362,995
.+
8.1
31,968,826
+ 10.6
+ 25.8
1,808,161 •kkkk
1,679,538
+
7.7
39,542,677
16,186,836
2,679,121
+ 21.9
32,702,486
4,234,388
V
,,;
k
+
•3,731,212...;/ ¥
.
.
29.7
+ 13.5
5,046,529
7.3
;•
14,956,999
1,898,339
+29.9
4,201,833
+ 29.5
;
Kingston
3,469,596
2,997,198
+ 15.8
•
Chatham
3,337,573
2,964,738
+ 12.6
fiarnia
2,280,796
2,055,424
+ 11.0
Albert
Sudbury
'•
2,466,444
—
5,028,577
kk.k
+
4,586,153
+ 16.4
+
:
3.1
+ 29.8
5,926,119
474.835
+
696,515
6.7
'
608,723
+• 9.1
1,107,910
1.1
••:-+16.5
990.836
+ 27.9
+ 10.4
+ 34.3
1,267,709
33,322,632
+ 18.7
12,538,884
+ 29.1
28,325,567
+ 15.5
1,000,695
757,986
464,500
392,772
869,612
716,849
'
+
851,022
643,278
483,083
+ 33.2
"1,073,221
+ 29.2
29,930,564
+ 14.6
935,484
7^6,482
743,401
J
897,806
i
30,842,620
29,089,003
+
22,870,322
20,788,150
+ 10.0
599,631 ;
6.5
1,265,543.
9.6
51f795,182
19,557,522,812
,
48,654,636
+
6.0
,
,
1,338,596
+
3,502,923
+ 26.8
..
V,
'
529,141'
1,390,474
1,891,693
-
?'• V-
4
.
■■V■
+.1,130,875
-".•.892,101
808,425
...
705,268
.
.
.
-
641,858
283,163
.
'
.
716.969
-
.
15.0„
249,890:
•v.
.....
1,048,306
515,727,944
+ 11.9
.
1,115,649
.
660,607
723,709
1,226,865
3,098,150
328,748
.
;
,
760,384
+ 20.8,
.;+ .,3.0
+ + 20.7
„
.423,909
.
+ 23.7:
582,365
.:+.;•
853,588
1,356,562
2,897,364
.
609,113
1,078,518
'
-
,•', +22.5
1,386,165
•
'
-660,383
.
21.3
+ 15.0
34,299,712
.
4,071,105
4,059,429
359,283
'
-726.761
'+18.3
+ 18.3
+ 23.1
...
3,054,738
403,096
-
■;+32.o
.
39,857,562
7.7
V-
>+.
20,057,860
+
3,307,382
5,046,194
5,433,573
?
1,042,586;.
1,539,672
4,442,654
+ 12.1
+ 14.4
.
1,827,567
44,170,823
->
-
-
b 901,108
37,065,086
2,037,645
•
•
+ 16.3
1,994,517»,
910,634
1,290,444 v
+12.6
/'+
7.2
45,836,468
+17.1
+
23,763,727
67,789,761
9.8
+
4,944,463
38,927,557
53,198,191
137,605,620
16,955,425
•
169,407,688
■
+ 17.2
+
3,445,563
1,974,740
:
6,355,266',
552,271
6.3
16,463,822
28,388,996
s
43,633,672
8.7
.
■
v-
-
57,299,240
5,440,986
Prince
Moncton,
-.1
:
49,764,233
:
i +
215,200,750
.>
2,167,837
3,338,623
6,416,402+
+ 20.5
k. 197,678,561
■
48,784,554
:r,
3,265,798
3,969,988
16,262,525
Windsor
.V.
,238,284,827
3,684,216
3,155,262
5,416,573
Kitchener
k.+
3,057,296
••
130,047,643
'
+ 26.4
V
132,415,752
113,915,633
38,539,255
: 18,187,637
27,991,813
5,945,674
2,940,838
5,301,853
6,661,610
1,891,297
1,869,031
-
■■
839,237
701,514
757,064
701,807
631,451
699,713
„196,219
857,307
'
-
Total
(32
cities)
t Canadian weekly clearings are for
,008,796,823
week ending Dec. 4.
1,715,867,610
:v ;
16,823,449,501
+16.3
577,029,850*'-
* Estimated.
;.r
-
r
+
-.
r
*1'
«
r
V('W
r
443,279,162
J'tCtsF.J -•wZ*"•'.( ■' *•>
382,350,024
@FedFRASER