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BUS. ADM.

2 6

DEC

Library

MO N DAY

Reg. U. S. Pat. Office

Volume 162.

Number

4449

New York, N. Y.,

Monday December

24, 1945

Price 60 Cents

Copy

a

General Corporation and Investment News
RAILROAD

PUBLIC UTILITY

-

Adams Express Co.—To Pay 45-Cent Dividend—
The
the

directors

common

21, ;Tnis
Dec.

have

with

compares

27,

declared

stock, par $1,

1944,

and

15

dividend

a

payable Dec.

20

cents

cents

paid

July

on

of

29

cents

29,

record

last,

45

on

•

cents

This

company
snares

exchange

to

Dec.

on

210,000

of

18

announced

American

that

h

*

holders

International

their stock

for

stock

of

Corp.

Adams

to

State

on

(

-

*' '

'

j
•

off jr

have

equal

income

the

been further reduced in this
estimated. reduction in Federal
resulting

lax

iemergency, facilities, such

'

of

approximately

"had

accepted

.

the

from

the

statement
excoss

acceleration

in

profits

of

Alleghany Corp.—Earnings—

amounts

(Including

9 Months Ended

of

Total

,

Net

.

,

"

We

present

31, .1944,

comparative

'•

; >■' "•'

§480,338

:

expense
loss before

on' non-opef.

Boston

$4,903,538

Chicago Stock Exchange-—
Cincinnati
Cleveland

3,422

$232,251
'

profit,

;

85,637

(

$146,614

$3,801,016

397,949

;

1,878,693

f,St.

2,600,302

$1,141,463

$1,200,714

'

$213,083

••

on

net

etc._—

S31

380

3,014

$147,545

$213,463

753,813

753,813

753,813

753,813

$0.20

$0.28

$1.52

Over-the-Counter

$1.59

r
,

$1,143,146

-

-:

the

of

tinue

as

General

Aetna

and
mon

157,

Youngstown, O., but will
162,

"v
declared

.wW3'/'

extra

an

dividend

20

An

extra

The

of

340.

like

amount

i

was

'

•

,

'

directors

common

have

stock,

declared

par

-

paid

on

$5.

a

dividend

payable

Like

'

•'

•

•

'

Gross

revenue—

Deprec.

Dec.

27

of

25

to

share

the
of

2.

Course

of

Bank

Foreign Exchange

com¬

and

Gross

^"1;^

Federal

record

1,194,536

1

p.

'

'

•

J

*

281,183

3,608.124

6,025,558

,

$835,909
268,886

189,082

.

189,082

•

•

for

taxes
excess

amortization

of

■

-

$51,173 1

•

''

'

i

Rates———

$51,173:

He

to

report

a

new

Murray
was

$4,296,514

$281,752

.

r,

.

$4,364,134

1,392,378 \ 1,048,254

$2,904,136

$3,315,880

Stute

by
the
equivalent
income
been

company

as

to

provi¬

the reduction
in
resulting from the
reclassified as "appro-

tax

has

Reserve

Sales

I

of

except

the

the

members

continue

to

western

of

this

MUNICIPAL

qAllen

share

and

stock,
Dec.

directors

no

28,

a

par

have

3111;

be

1

———.—3111

&

STREET

HAnover

to

'•

of

free

known
ABS

to

of
American,
and
Leonard
A.
Versluis,
announced the settlement.
They said Amer¬
the ABC symbol.
In the future, Associated

use

the

as

its

as

-

President

Associated,

now

Symbol—

Associated

symbol.—V.

Broadcasting

162,

p.

System

and

use

—- -

-

9 Months Ended

Cable

w

Subs.)—Earnings—

Sept. 30—

1945

transmissions

Radiotelegraph transmissions
Rental

—i'——---------3111;.

of

Miscell.

plant

facilities—1—__—_
profit on sales and serv.,1 etc.)

(gross

Expenses

of

revenues——-

708,116°

and

$14,649,521 $14,987,352

'6,922,303

repairs--

miscell.

declared

an

/extra

dividend

of

25

cents

regular dividend of 25 cents per share on the common
value,?, both payable Jan. 15, 1946 to holders of record
Similar payments were made in each quarter during

1945, making a total of $2 per

Gross

expenses_l_i-;i_—

.

;.?•;/

1,287,201-

Net

income

for
was

the

on

the

ciation, , Inc,, Stock.-*-V. -162, p. 1633.

'

'

'

•

•

52,230

$3,674,085

income

income

——

shares

of

subsidiaries

695~875

1,978,600

$1,474,527
3,504,856

$L487,069

(re¬

11944)——

Fed.

&

208,416

exc.

prof, taxes

—-

—

outstanding—-—-——I—__—

provision estimated to be required for
—V.. 162, p. 1634.
.J

^

^

3,504,856

$0.42

.

The
•

the

no

directors
par

Dec.

21.

last,

and

value

This
on

declared

have

common

;

^

a

dividend

of

25

stock, payable Dec.

with

compares

June 28 and Dec.

.

.

20

cents

per

27, 1944,—V.

29

_

cents

per

to holders

share

paid

on

.

share
of

2-2600


http://fraser.stlouisfed.org/
Jt
Federal Reserve Bank of St. Louis

Bell

YORK

STOCKS, INC.

DIVERSIFIED
INVESTMENT FEND

4, N.

Teletype: NY

PROSPECTUS ON REQUEST

Kobbe, Gearhart & Company
'

INCORPORATED

45

Y.
1-573

New

York

NASSAU

'

HUGH
Security

Dealers

Telephone

Philadelphia Telephone

REctor 2-8600

Fntert»H«p 6015

Bell Teletype
n

v

Vaw York 1-576

LONG and

W.

Association

STREET, NEW YORK 6

-

COMPANY

INCORPORATED

48 WALL STREET

634 SO. SPRING ST.

NEW YORK 5

L0S ANGELES 14

on

record

June

162, p. 2513.

RAILS

Members

NEW YORK

NEW

ELECTRONICS

DEPARTMENT

$0.42

profits tax in 1945.

excess

American International Corp.—Larger Distribution—

,

sufficient to make the payment, it was stated.
by receipt of a dividend of $8 a share, or $119,holdings of 14.991 shares of Eastern Racing Asso¬

period

increased
Trust's

171,834

$2,170,402

•'

"No

•

928

in

1,156,286
$3,621,855

net——

—

full

1,248,054

$1,998,568

—

:

U. S.

1,309,078

1,192,932

1,092,439

/Earned per,.share;---—;—-v—i-

payment covering the. six-months' period ended Nov, 30, 1945>
and 1 Y*fo
representing the full balance of interest left unpaid as the
result of disbursement of only I'fo on June 1, last, instead of the full
semi-annual requirement of 214'v .' '
' :
' * "•
")
The clearing up of back interest on the debentures was permitted by
Income

in
for

Capital

.

income,

long-term debt

on

tired

*Prov.

.•

—

7
Net /income

Interest

.

shar^ for the year.—V. 162, p., 2138.

Holders of 4V* ^ debentures received on Dec. 1 an interest payment
3 Yz%.
According to Edward O. Proctor and Edward F. Goode, re¬
ceivers for the Trust, this represents the regular 2 V* fo semi-annual

■'

Non-operating
>
...

Aldred Investment Trust, Boston—Pays 3%% Interest
Debenture 4^2 s—••• .••-v.'.

on

profit

5,600,373
2,051,706

2,156,078

_

other than U. S. Federal income——Provision for depreciation and amortization—

per

724,371
479,666

597,766

operation—.——
and

1944

$10,206,503 $11,402,239
3,137,136
2,381,076

————————

INDUSTRIALS

Compan y

the

2003.

American Cable & Radio Corp. (&
.

1945.

,

Established 1922
BROAD

and

group.

directly

report

Broadcasting Corp. to enjoin the AmefCo. from use of the ABC symbol to designate its
settled amicably out of court.

been

Woods,.

.

is

will

System.--.--———3111

-

Municipal Bonds

SO

the
been

General

SPECIALIST IN

FLORIDA & NEW JERSEY

Televhnv*

of.

Mr,

Associated

the

has

Mark

letters

interest

classified

amounts
and

emergency facilities/have

I

to

development,

Grabhom

formerly Assistant

heads,

one

divisions will

'

,

heretofore

representing
profits .tax

by.

Broadcasting

ican

of

96,189 >

t-—

'

...

$377,941

reserve—T„_—

NOTE—Amount
sion

Federal

suit

President

Air Reduction Co.,.Inc.—Extra Dividend of 25 Cents—
The

5,931,198

242,808

—————Uv

Balance'-.' U—

creation'of

which

and/ divisional

central

?'■% Total operating

3,343,039

333,806

Approp, to special prop¬
erty

to

activities.

wi'l

and

; Maintenance

1945—10 Mos.—1944 J
$32,588,157 $32,001,892
13,389,010
12,777,101

1,362,959

$483,063

—

'

reporting

,

departmental

network
W

i

2 268 986

'

sales,

Taxes,

2,268,986

**

creative

as

Woods.

A

'

655,535

ptdr stock—.

.

of

the

announced

department,

divisions,

western

ican

2461.

~ $6 633 120

»

also

'

Total

year.

158,

Net-incomea^-i-i^i. ,.$240.235,_. $567,023 '$6,565,500
Divs. on
r-

charge

,'i
;
i '--i
:
"V.
operation '] alignment four Vice-Presidents in New
aisgtit^nts to Mr., Woods.
They are Keith Kiggins,
iKihtner;c Nicholas■ Prialux 1£tnd
Charles
Rynd,
All
other

central

Mr.

'

,v.

to. direct its

on

420,618
;

deductions—

Balance

'

posi-

in

"...

sales

Rbbcrti i

The

Dec.

$9,950,553
3,317,433

-

'•

••

1

$9,565,464
2,999,963

.

Woods

Clearings———.—3110

Reserves Banks —'———

?

per .share
of

■*

amort.

income

Int., etc.,

-v;.*

officers,

Combined Condition Statement of Federal

record

1945

Auction

cents

holders

1945—Month—1944
$2,753,755
$2,813,858

—

elec-

Woods,

»•

••

.

Vice-President

General

expenses——

Provision for taxes

of

9ales..Manager.;
Unde'r1 the new

jf

.

Co.—Earnings-

period End. Oct. 31—

Operating

tion

!^ York''will'act

.3109

Dividends Declared and Payable—-—--3112

'

t

Alabama Power

on

Jaeger, who has been serving as Vice-President inv
charge
during Mr. Thrower's absence, has ben appointed to the

appointed

K

Redemption Calls & Sinking Fund Notices-3111
The

-

'

v'

announced

P.

stations
a

Section—-3106

Markets-

Ex¬

company and the
Dec. 7 by Mark

"

'

State and City Bond Offerings and Sales—-3124

per

Jan.

amounts were paid on
March 29 and Oct.
5, this
payments in 1944 also amounted
to 75 cents per
share.—w.
"

Inc.—Realigns

of. this

M.

Mr.

„^.3107

General Corporation and Investment News_3065

con¬

Extra

—

Ainsworth Mfg. Corp.—25-Cent
Distribution—:
-0.

Vice-Presidents.were

Thrower.

3104

^i

Condition Statement of Member Banks of

the

$3,828,000: $1,662,032

-v"'

'

operations

y' '

'

Miscellaneous Features SW

W

wV.4'''V'
cents

quarterly dividend of 40 cents per share on
par $10, both payable Jan.
2, 1946, to holders

p.

System,
v'

executive

Receives Right to Use ABC

2513.

p.

:■

of

usual

stock,
12, 1945.

Dec.
V.

'■

directors have

the

of

company's Board.—V.

(Fire) Insurance Co., Hartford, Conn.

Dividend—
The

that

of

-53,000

1—$1,175,681

4

Fireproofing Co.,

member

a

—-.3104

Stock and Bond Averages——————3108

New President—

$1,715,932

90,000

a.,

sales

Transactions New York Stock Exchange——3108
Transactions New York Curb Exchange—„3108

$1,203,728

$3,918,000

76,500

,

O.

-V

..

Toronto Stock Exchange—Curb

1,677

452,761

$1,252,181

——

Broadcasting,
of

■

.3103

—3104

—

$1,263,171

,

4,857,736
1,795,855

of

Montreal Curb Exchange——3107.
Toronto Stock Exchange
3104;-

George C. Brainard has been elected President
and General
Manager
to succeed
Joseph E. Rogers, who continues as Chairman of
the Exec¬
utive Committee and a
director.
Mr. Brainard has resigned as Presi-

»dent

Louis Stock Exchangev
Stock Exchange——

$956,119

13,023

on.income

gains

2,964,293

Thrower, Jr.; has been elected Vice-President in
charge of
position from which he resigned in October, 1943, to
accept a
in the U. S. Naval Reserve.
John H. Norton, Jr.,
manager
the stations department, has been elected
Vice-President in cnarge
of stations.-V
:
sa'es,.

3103

—

\

bonds

own

taxes

1943

$4,227,464

taxes

gains._L.

and

Inc.)

commission

3102

Philadelphia Stock Exchange.
! Pittsburgh- Stock Exchange—-

ex¬

period
outstdg—
share—

per

$3,020,162

Stock Exchange

Montreal
;

—

for

shs.

$611,032

Exchange.;—

two

Fred

'

Stock

Detroit Stock Exchange-—
Los Angeles Stock Exchange^

at New-

assets,

profit

15,869

'

•

.»

'i

rates

127,843

11,917

•

and

income

President.

3102

539

income

tion of

3101

518,618

184,499

redemp. of

Realignment

3101

440,192

for

ecutive Forces—

3101

Stock Exchanges
Stock Exchange.

404,583

...55,233

proV.

$1,239,158

on

American

.3092
—3096

Baltimore

deprec.

Net profit——
Unrealized foreign

Net

$4,100,372'

Page

vy

479,211

plants J-'

taxes

Earnings

'fy'J.-

Shares,
1944

.

dates of acquisition

.

(Stocks) __.____3081

108,516

21,613

Net profit from oper._
Income and
exc.
prof..

Common

:

101,814

-

current

New York

<(';

1945—12 MOS.—1944

3878,022

'

'■

•'

..

discount

and

York

■'""Vw:-A,

*

year-end

91,935

deb.

change

■

to

114,000

Depreciation

*

'

1945—3 Mos.—1944

oper,< profits—

Net

time

Stock Exchange (Bonds)
Curb Exchange—
*

Pat.ents, devel. and en¬
gineering. incl. amort.

Interest,

to

Stock Exchange

subject

expenses

before

1945

-

fcNo excess profits tax.
IDoes not include (1945, $68,08u;
1944,
$412,387) interest and dividends received
applicable to periods prior to
by Alleghany Corp. of bonds of railroad companies
in reorganization.—V.
162, p. 2937.

;

New York

ligures,

Terminal

t$2,098,388 *$3,216,317
859,230
2,360,198

-———— —,

from'security transactions—

Net

Stock and Bond; Quotations

this

New York

Period End. Oct, 31—
Net

issued

adjust¬

dates:

same*

below

This

any, for the three months ended Oct.-31, 1945, and Oct.
also, comparative figures for the 12 months ended on the

if

ments,

inc.

Sept. 30—

—

^Prov. for est. Fed.

In

\

Subsidiary,

thereon

Net

'H ',1":
in

'

Net losses

vw

.

ordinary

Gains

Addressograph-Multigraph Corp.—Earnings—
(Including Earnings of the Canadian Subsidiary)'

income

Total

applicable to years prior to 1945
having been credited to earned surplus/? Such adjustments have been
prorated to each of the months ending with the month of
September,
1945.—V. 162, p. 2138.
;C":' V, ' '7', /\ '

as set forth
the prospectus dated
Sept. 28, 1945, supplemented Nov. 5,
Based on relative-net asset values of the
two stocks Dec.
15, the
ratio of exchange is
71/100 of a share of Adams for each share
of American deposited. The offer
terminated Dec. 15.—V.
162, p. 2513.

The operations, of-the British
subsidiary> are not included
consolidation; however," cable advices or reports from time
indicate that, it is operating on a profitable basis; i

Wholly-Owned

and

tax

amortization

amounts

Express

in

MISCELLANEOUS

-

to special property reserve," to which reserve account such
amounts Were credited.
Amounts heretofore cl assified
as
provision

for; taxes

Dec.

1944;^';'w;V

Exchange Offer Terminted—

INSURANCE

-

priatton

share

per

holders of

June

on

14,

45

to

INDUSTRIAL

•

29,

•

Monday, December 24, 1945

CHRONICLE

COMMERCIAL & FINANCIAL

THE
3066

"*

Oct. 31—

Period End.

Operating1 revenue1'!-,Operation

1,158,349

—

676,278

taxes

income

Gross

-

2,257,373 27,832,751
600,866 7,047,482

25,395,126
7,214,452

—R19
,
_

68 462

2,106,669

—

571,503

funded debt—.
Amort,
of elec., plant
acquis, adjusts.
Other int
and deducts.

Int.

on

STS; p'd Itocks-

55.88b

Uao1'1ute.teconS-—

.YoY
1,131,521

.

V'\TI'LerL-TY

964,782

Gas &
from subs.

■.•

.ft:

Co.

Elec.

ft.., Yft/:•' ■'

m^stocks' °U ^
rin Dfd ■ stodksIII

IftlY

Y-ftY'

Int.

870,466
20,346

8.173

stodl

140,767

BacomCestoecakn--!-

140,767

793,024

909,939

$147.82

INCOME

Int.

Other income

Total

income

expenses

Operating

95,096

12,023
11.638

Prav.

of

"Excess

•Over

expenses

actions).'

•

-.•'"■'■•ft

BALANCE

sold,

rities

1945

banks. $3,181,208; accounts
delivered, $38,618; account* and

ASSETS—Cash
not

in

at market

securities,

market

general

$7,394;

SEPT. 30,

SHEET,

'

ments in

LIABILITIES—Accounts

■

stockholders

The

outstanding

;i

quotations, $7,664,322;
inves.$32,334,043.

9. Mos. End. Sept.

the

new

preferred

the

of

•

American Public Service Co. (&
Operating

revenues

Operation.

—

Maintenance

Depreciation
Income
Fed.

•

,

excess

(net)

^507.479
—

deducts.

j

Total

Gen.

—

$537,185

j"

345,602
253,097
767,159
ft'ft ft..'.
ft.
149,333
434,368
' ft422,300
1,321,000

income

—

30,742
,
93,760
'——
—:———.

exps
than Fed.

income
Federal

-

income

taxes-.

duction

At

than'

p.

$256,424

.

*

2G34.




351,000

.

'

77,872

$1,581,422
66,848

7

7 3,870
69,843

;

$1,872,343
38,708
,. 700,168

$1,648,270
38,708
• . 754,156

$1,133,467

$855,405

$187,398
3,870
75,130

,

$108,396

$171,126

/

7

of

11,146,800

794,200

978,200

863^°°

$3,097,784

$4,121,547

$4,176,528

$1.27

$1.86

$1.89

share,

the new -facilities-at

tenacity rayon tire yarn with
Front Royal, Virginia plant.

30, 1945, the corporation
$20,000,000 of unamortized cost
Sept.

ft

.

.

is carrying on its books more
of emergency facilities acquired

constructed to- further- the war -effort. - The companv
to write off
all- or a part of the unamortized cost
facilities prior to the close of the year.—V. 162, p. 1387.

American Water Works &

1945

will until Dec. 26,

,

portion
; ,?•
'

Corp.—Further Expansion—

Steel

Barium

it intends to tender a substantial
2386.
::
; -7

corporation announces acquisit on of control of Globe Forge,
Inc. of Syracuse, N. Y., a leading steel forging and manufacturing
concern.
It
Is
also announced that negotiations are about to be

1

.

closed

y

take over a group

to

of companies in

associated lines of the

y ste*l «ndForge, Inc., was. intfusT'es.in March, 1910 under the name of
manufacturing founded
Globe
Globe Malleab.e'Iron & Steel Co. In 1927;* the name of the com-any
was changed
to Globe Forge & Foundries, Inc., and in 1944 to Globe
i Forge. Inc. '
'
,Y
,f.
The
announcement adds that Globe Forge has steadily broadened
y the scope of its business since its organization and today it furn'shes
.

..

,

..

:

drop

-plans. to:_

and- upset' forgings
other

and

railroad

of these

concerns

in

the

Bendix, .Spicer

Inc.—Output—,
company for the week

for

the

and International

Barker Bros.

agricultural,

automotive, aircraft,

industries. It-serves some of the largest
including General Motors, Chrysler, Ford;

of

types

country

Mack.—V. 162, p. 2933.

Corp.—To Pay 25-Cent

.ft

Extra Dividend—

■

The directors have declared an extra dividend of 25 cents per share
properties of this
ended Dec.
15, 1945r totaled'85,.421,000 kwh.,.-'a decrease of 2.56%
; and the regular quarterly dividend of 25 cents per share on the no
under the output of 87,674,600 kwh. for the
corresponding week: qf j par value common stock, both payable D°c: 31 to holders of record
1944.—V.- 162, p.. 2937. 7ftY ft. 7 I -ft;'-ft -.ft . ' 7'/ft ft':.7ft'-,. ft-"7 Dec.-26. Th's brings total payments in 1945 to $1.25 per share, as
against 75 cents paid in 1944.—V, 162, p. 2635.
,**•,'.
'

American Weolen
Ralph
elected

a

Co,!—.New Member

T. Reed, President of the American
member of'thrf Exe'cutivel/Committee.

of Exec. Comm.

Express Co., has

been

He has served ion the.
Directors sines February.—V7,162, P- 978* y . ft
.

Corp.—-55-Cent Com. Div.—
cents per share
the common
the usual quar¬
terly dividend of $1 per share on the $4 cumulative preferred stock,
par, payable Jan. 1,, both to holders of record Dec. 24,- 1945.
Distributions of
15 cents each were made on the common stock
April 12, July 14 and Oct. 15, which together iwith the current
dividend makes a
total of SI per share. for the current year, the
same amount
as disbursed in 1944.—V. 162, p. 2266.
Anchor Hocking Glass

The

Dec. 13;. declared a 'dividend of 55
stock, no par, payable Dec. 31, and

directors on

on

-

-

2.550
,45,000
—■

$737,929

Md.,

it of 4% cumulative income

The

Electric Co.,

output of the electric

Power

$1,576,805

•—

Baltimore,

Bank,

National

First

yftft
5s.
It has announced that
10,122,100.of jts- holdings.—V. 162, p.

post-war

high

!'y-Y.%'7"-.:7 b:Y:';:;b'YVy;!'b!:'';:!:yb:;:

'V

234,000

eledt

1,013,000

2,927
73,000

$900,835

402,427
^

pr

1945—9 Mos.—1944
$989,167
$793,827
12.405'
8,348

"

V: Y 7
" ft

debentures
cumulative' income-debentures/ series A, . 'due 1975, and 5% debentures, series B. due 1975, to an. amount 1
sufficient to exhaust the -sum of $2,500,000.
Y
Y.'Y '77b• Y"7b
The American City Lines, Inc., a subsidiary of National City lines.
Inc., owns $1,696,000 of the series A 4s and $458,250 of the series B

$16,597,547 SlSyS^S?*! 1

9,286,800

$3,475,321-

profit____

corporation's

the

ONLY

1,267
4,300

.

debs.„

series A

incomes

The

$1.50.
! credit—Federal excess profits - taxy
The report
states that. the net profits shown for the 194o period
are after
deducting the high costs, including amortization :of emer¬
gency facilities'of $2,115,000, of"initial operations in starting up pro¬

858,143

1.392
21,000

of

per.com.

tRepresentiug

' $718,661

,

Net

1942

*

395,925
426,148
7.———— -—'- '"V

of net. .profit.
y„'YYY.'.-,:

Balance

Co.—Common Stock Offered— •
issue of Dec.. 17 of the offering
by an' underwriting group
t headed by The First Boston Corp. and Coffin & Burr. Inc..
at $25 per share.
A total of 256,500 shares were offered
; first to present; shareholders at $22.75 per share in ac¬
cordance with Maine law, with shares not purchased
Bates

of

Manufacturing
of

shares

the

by stockholders
individually

Anheuser-Busch, Inc.—Plans New
The

brewery

cently.
actual

Brewery—

building

plans

are

■

835.

p.

new
re¬

but

still-incomplete,
Eventually . the company
become as large a producing unit as the
world's largest, Mr. Mills saicjL—V. 159,

expects the Newark plane to
St: Louis brewery,
now the

1

.

'

company

made available to the

First

&

Co.—Special Offering—A special

3,600 shares of $6 convertible
was made on the New
Dec. 14 by Glore, Forgan & Co., at
of

(rfo par)

a

offering

prior preferred stock
York Stock Exchange
$127^ per share, with

commission of $1.25.—V. 162, p.

1762.

-

.

ft

Boston
a

participating in the Maine Mills plan:
Manufacturing Co., Hill Manufacturing Co., in exchange for the minority- stock.
GENERAL—Each of the following four corporations, namely Andros¬
coggin Mills, Edwards Manufacturing Co., Hill Manufacturing Co. and
ft York Manufacturing Co. is to transfer its lands, buildings, machinery,
four

mills

which

are

Mills, Edwards
York Manufacturing

Androscoggin
Co., and

all water, rights for power
supplies, certain

equipment and other fixed assets, including
and other uses, its patents,
trademarks, inventories,

Manufacturing

receivable, business and good-will to Bates
Co. or to the wholly owned subsidiary thereof Bates Company.
After consummation of the above transfers, Bates
Co. and its subsidiary will together continue the business so
as
well as the business carried on by Bates
such
acquisition, and Bates will own, directly or
accounts

Armour

public.

Corp. ond Coffin & Burr, Inc., who together own
majority of the capital stock of the company and of
each of the four mills/are offering
13,253.4 shares of common stock
out
of
the shares which as underwriters
thev have agreed to pur¬
chase from the company to the minority stockholders of the follow¬
The

ing

plans to spend S16.000,000 In constructing a
at Newark. N. J., G. A. H, Mills, Secretary, announced
The site, covering 18ft acres, is being prepared now,

corporation

*
ft

Mention was made in our

•

no

$1,431,062
95,743
1—-

683,562

2,649

$244,840

income,

charges

on

$1,794,471

6,289

.

'

Int.

$181,108

$237,436
- 7,404

*

income

on*

419,252

$791,151

—

Income

162,

719,698
'-'ft..

297,808

3,863

,

v i

$74,613,636 $67,239,378 : t receive bids for the sale to
13,071,859 16,171,399 14,.994,101 y,7series A, due 1975, and 5^

inc. & exc. profits 7
taxes; j:,-Y-4a.'i-li.r.vY4-7: 8,236,000

Earns.

312,048

,

$344,047

1945—3 Mos.—1944
$238,597
$264,640

Gross

Fixed

Y!

$2,109,679 $20,398,223 $20,428,462
1,514.977 15.233,342 15,057,702
324,372 ,
413,593 7 3,370,409 7; 3,789,337

1,486,028

incon-e_I_7

Non-operating

-v"-I;;

,

$2,047,636

Tenders Sought—

1943

1944

Y_„ $11,982,321 $13,467,784
•271,000
289,000
taxes
r.

company's Beard of

227.195

(

Net
—V,

$1,474,714

$641,835

$212,342

misc.
other

Taxes.,

$1,380,953

$611,113

EARNINGS OF COMPANY
&

•;

reserved

"
$6,314,446 $6,047,541
2,065,363
2,102,481

$309,990

Other

income

Period End. Sept. 30—

„

29.706

i_
"•

income

and

543,000

—

-

•

Net

155,311

income

income

i
Gross

Int.

and

-taxes

oper.

Other

.

—

income

profits
Net

257,218

than Fed.

income

tAmount

Split-Up—

111,355

94,782

———

—

other

Taxes,

1945—Month—1944

Operating. revenues.;—

"

'
1945—10 Mos.—1944

(Including Baltimore Coach Co.)
Period End. Oct. 31—

-Earnings-

(& Subs.)-

Fed.
,

1945—9 Mos.—1944

$2,294,768
747,570

$2,297,278
739,488

7

.

359,088 ".

7—ft—

State

Subs.)—Earnings—

1945—3 Mos.—1944 -

.

income

Total

common

Period End. Sept. 30—

.

deprec.Ybbll,623,233

y'

y

March

vote

•;

1945

30-

Other income ft YY—Ybft

13 on approving a two-for-one
shares, of which there are outstanding.
432,000 shares of 110 par value.—V. 162, p. 1386.
:: V ft,
will

stockholders

split-up

after

Income

purchased, not re¬

2-for-l Stock

American News Co.—Plans
The

atdek

Transit Co.—Earnings—

Baltimore

Operating

,l
■

( bb

b

■

Yft^7ft>$87,618,030 $79,102,705

sales

Net

preferred shares. However,- these

par

21,9.12 shares are.

r;

p..2635#:

in the vicinity
, 7.
.-7, ■».' y -: y (

Wis., and the third

162, p. 2810.

Wis.—^V.

Prospect,

129,966 shares ($5 par)

stock.

being sold by the company and 108,054 by certain stockholders.,: Underwriters are headed by Hornblower
&: Weeks and Central Republic Co., Inc., both of Chicago.
'
Central Republic is among the selling stockholders, offering 14,121
shares.
William E. Clegg, company director, and a partner in Hurd,
Clegg & Co., one of the underwriters, is offering 1,500 shares.—V. 162,

;

American Viscose Corp.

..

5 % convertible $50
will first be given

s

with the SEC

has registered

company

Of the stock,

distance' center In Chicago and at the Wisconsin
in Milwaukee.
There Will be three radio
one near Barringtony 111., another

long

Co.

stations along the way;
in I'linois but near Wilmot,

also

of

an..opportunity to exchange these for
$25 par preferred on a
basis of two shares qf the new
for each 5% preferred held.—V. 162, p. 2634._ y
-r

shareholders

The

common

...

ft.
Under
the
program
submitted by the management 91,727 shares
of .no par $2
cumulative preference stock will be changed into 5%
convertible $25 par preferred stock, making an annual dividend rate
of
$1.25
per
share on these shares. This will save the company
$68,795 in annual preferred dividend payments.
,
-v. v. ft, • >
The
new
preferred stopk will be convertible into 11/2. shares of
common
until Sept.
30, 1950, and thereafter until Sept. 30, 1955,
into one
share of common stock. The dall prices on the new pre¬
ferred
would remain at $27.50 until Sept. 30,
1950, and thereafter
would be $25.50 a share.
,
ft
y ft'.Y ft
The stockholders also approved the plan to call for retirement the
capitalization.

company's

consist of inter¬

television networks will

coaxial cable
regularly

repeater

Illinois—Refinancing Pro¬
•'
!ft:ftftftft YftY! Yft
12 approved a..plan for adjusting the.-'ftft&■ ". .''j,";'.■ Y.Y.ft fty'Yftft;, ftft

Dec.

on

Bell System

that

Telephone Co.'s toll building

of

'

_

time
cities
coaxial

phone

,

and taxes, $73,401;
payable to banks.
$2,100,000;
capital stock, $295,982;
surplus, $20,089,321; unreal zed
appreciation
(net) of general market securities, $3,877,227; excess
of
amounts
at
which investments
in subsid.arv and'or asscc ated
companies are carried herein over book cost, $5,796,459;. total, $32,334,043.—V. 162, p. 1634,.
' v!y
American Investment Co.

.

Mil- ' ^ Operating expenses—7
.
Taxes _i._

ceived, $84,713; accounts payable, accrued expenses
reserve
for Federal income taxes.
$16,940; notes

posal Ratified—

y

receivable for secu¬
div:dends receivable,

securities

for

payable

'

'

'

of

securities of subsidiary companies, $20,861,140:
securities of associated companies, $581,361; total,
in

investments

•1

football game- was -transmitted successfully, via
Philadelphia 'and New York.
Starting next month,
television programs will go over Bell System cables from
.Washington to New York. r - yy"
-.'•bbi'b'i»;
The Bell System's construction program calls for the addition
year for ;the next few... years, of upwards of 1,500 miles of the
type of cable.
'Y*' -y
- 7'
The radio relay system between Chicago and Milwaukee,' which will
cost about $500,OCO, is expected to be ready for tests in the spring
1947.
It
is planned initially to employ
this system for television
> transmission
in cooperation with television Station WMJT in
waukee
or
with any other broadcaster who might' be able to use
the facilities during the- experimental period.
The early experiments
will be on frequencies in the 4,000-megacycle range.
The
terminals for the system
will be at the Illinois Bell Tele-

'ft

'ft

. ,

.i'.-.b

,

each
coaxial
'.'y' b":

~-

.

.197,435,989 191.130,873
114,640,632: ill,,518,640

b;.'7;by;77bb

$144,220
$218,906
$371,003
$321,891
«— '
262,554
262,554
■, h——-ft ft
—
YY...,.197,939
205,465
—
(without giving effect to results of securities trans-

'

to

7"
■"

.

turnished by an
7'-'77';'-'
y

be

will

Capital expenditures by company in the five years

coaxial cable and radio relay, channels, ,y
7%7'.
Chicago-Milwaukee system will be completed prior to the
when Chicago is expected to be linked by coaxial cable with
on
the eastern coast where intercity television transmission over ,
cable has already taken place. " On Dec.
1, television* of the Army-

income,.—

dividends

and

rates

777

Details as to coupon' \

Jan. 25, 1946.

offering pr-ices
be filed by 'the company,

dividend

amendment

scheduled

14,336

—

19,517,123
11,435 595
6 170 757

19,703,251

13,332 759

•

probable

dividends

Preferred
Common

14,200

4,800

197,967,665 194,934,756
,•.531,676.7
803,873

between

$383,216
46,989

$388,688
\10,521
12,954
7,165

$246,059

$172,682

expense

(not incl. Fed.)for Federal taxes

Taxes

I

The

86,589

ft..-

'

-

1946. The rights will expire 011

8,

;

connected

-

99,148

'..refining,"-".1' 7b'1:;.'.

now

$469,805

111,170
*

expenses

•

Interest

$487,836

int.,

before

inc.

Net

$341,155

—

rev.,——

oper.

Navy

$283,852

—_

will be added to
the general funds of the company to be used for
such purposes as the repayment of bank loans, the acquisition and
development of additional production, and the\expansiQ.V'of
transpor.at'on and marketing facilities.
.
; ' 7 :'v •'•'-cb.
'.I ' y,1''
•*
company proposes
to offer the new preferred stock to its
common
stockholders at the rate of one share of preferred for each
.26 shares of common held of record at the close of business on Jan.
•

.

;

$440,660
29,146

———

-

The balance

super

'

$373,350
13,058
101,428

' "'y '7.

and new-money financing.
used to redeem $25,000,000

1953,-at 101V2'/».

debentuies, aue Sept. 1,

.. . .

;

*

$328,804
9,292
3,059

$264,834
19,017

19,586,059
68,936.

9,746,733
43,482

—

:-VV7

A

10,721.215 10,381,404

_

——.

;

1944

1945—10

classes of securities.

involves both refunding
proceeds, $25,375,000 will be

net

.y

Telegraph Co.—Earnings—
..

both

program

the

7 3P-vefU' 3%

*

„

Rphxfp^n

-

bonds— ft"

Of

' tb'

statement
due.'an.

7

preferred share and $11.83 per common share.
STATEMENT, NINE MONTHS ENDED SEPT 30
1945
1944
1943
1942

dividends
earned on

&

Net

per

'

*

Cash

162, p. 2634.

of

The

to

Preferred—

new cumulative preferred stock
Smith, Barney & Co, is named as the principal under-

par).

writer

i

.

of

shares

102,000

and

($100

' " '$

.

•

Corp.—Quarterly- Report—
The report of the corporation for the nine months ended Sept. 30,
1945
shows net assets as of that date equivalent to $181.07 per share
of Convertible preferred stock (preference in liquidation $50 per share
and accrued dividends! and $16.71 per share of common stock.
Com¬
parable figures for June 30, 1945 were $172.77 per preferred share
and. $15.52 per common shares.
Comparable figures for Sept. 30, 1944,
wei-e

Mos.—1944

(s«ue

new

a

"v'

.'

•

Dec. 14. with the SEC a registration
of $25,000 000. of 20-veav debentures,

filed

company

1966,

and

oper.

General

American

15,

-"b

Inc.— "

,' ; 1945—Month—1944

.

Operat, revs.
Operating exps,

1,689,209

1,689,209

2634.

162, p.

—V.

;

,

,

1,3,3oJ,146 198,818,719

.15,CO ?~0P

505.-

'• 7

Earnings—

interest.-,

shares before minority

2,633,998

covering

.

week

1944.—V. 162,

1945
1944
1943
$7,575,000 $10,585,735 $5,393,176
$2.68
$3.81
$1.86

—

Registers Debentures and

7

"

share

common

per

"On

1

;

week of

and nine months
ended Sept. 30, 1945, aggregated; approximately $157 287.000, accordy,>7
ing to the* registration : statement,. ' More than $81,000,000 of these. 7'7;<
4397'151
62,245,180 67176,512 >y expenditures were for production, of which approximately $9,000,000 77; 7b
Operating taxes
'y
;y!lv—-,7 ;:,;,t;.)t'7(>.was - spent in foreign countries. In the first nine months of this : V ;7>
973 341.
1 910,77L 20,550,177
18,435;72iyear ' capital outlays totaled approximately $26,558,000, of which
' .%•
Net
income
I
383 106
'404 802 12 631 904 122,423:783
$9,961,000 was production.
for domestic crude oil production and $7,314,000 '•for;7s.?.'/£*
income
:—
foreign crude
-.yv'7'v
r
''7
v''7;7i
Plans Radio Relay System for Telephone Or Television
- Reflecting such heavy expend'tures in the exploration and de-v'
•
'
'...duction in of its was .82% greater thanthe Company's crude oil provelopiperit 1944 productive facilities, in 1940. Such production in "
aetwecn PbiVflffn nriri Milwankpp
Gnicago ana Milwaukee—
series of the newest type of microwave radio relay stations, de1944 and the first nine months of 1945 was equivalent to about €0%
1-v''
signed to handle television, sound radio programs, or -long distance
0f the total volume of crude oil refined by the Comoany, compared 1 >.7 telephone calls, is to be constructed between Chicggd and Milwaukee, ;y .;with a corresponding rate of only 36% in 1940, the registration .state'
the company announced on Dec. 11.
The Long Lines Department of y , merit reveals. This increase is due principally to two factors; the
7 the company filed applications on Dec,, 10 with the Federal Com^ yjfirst and most important being an increase dn the number of net
!, 'b
munications Commission
for authority to build and operate this ;< wells producing the-second being an increase in the allowable rate j - •'
high-frequency radio relay system on an experimental basis.
of production due to war-time demands. Since the end of hostilities
Such systems
are
expected to play an important part in future < in Augusc, .1945, various states, anctud-hl Texas,'have reduced some"
communications in combination with the nationwide network of coaxial
what the allowable rate of production per well.—V. 162, p. 2514.
* •
cables
under construction.
At the present time another radio
Automatic Canteen Co. of America—Registers Com.
relay system
is being buUt between New York and Boston., y It is

-Y•

•

-

income

■

Uncoil,

11,427,664

10,455,903

'

Operating revs.

^'onf
2,905

advs.

&

bonds

on

19,137,275*

Telephone

American

.'', 7'

112,684
5x1,068749^92
732 578
Other income —_—4,582
49,j.9~ . 32,578
Total
1,039,217
1,216,652 14,405,658 14,066,356
°1£t ta>"
: 7 23,1152-:7 18,457 ' ' ft 331,916
294.7161
Int. and misc. deducts83,441
■'
1,fi«'d7n
taxGS
0*1,132
61,590
645,641
653,470
ft.

nive

y

Period End. Oct. 31—

'ft"'

"Earn,

"
,
bThe company has purchased for an unLsclosed amount the majority
stock of the Danahy-Faxon
Stores; Inc., of Buffalo, N. Y., which
operates.t31- stores in Buffalo and vicinity. The purcliase price was
b

1,341,913

1 4*—11

,Jfc

^

reported at $45 a share.—V.

1,341,313

3,046.273

261,055

.

•

b

Co.—November Sales—

Purchases Danahy-Faxon

11,427,664

Amer

of

Inc.

3,046,273

261,055

'

1

,

^

30—3945—Month— 1 44
+

13,502,177 12,769,577

*

V. 76, p. 974.

2699;

p.

.'L-b:

Sales

3,722,966

964,782

Elec. Co.

Gas &

Period End. Nov.

461 .

870,466 10.455,903

131,

American Stores

964.782

BajoSmone°tocks f°r
e" com. ItocL;:;.;

Subs,)-

'

The

281.118

:

(&

taxes—

and

ehgs.

after

income

Net

approved

have

stockholders

stock.—V.

mon

68,40-

257,811,222 012

4,205
40,890

24,940

Plvs

Amer.

Co.—Eliminates Pfd. Stock—
the elimination :of the company's
preferred stock issue. For several years, it has been buying in the
stock. The capitalization now consists of 5,333 s.:a.es of $75 par com¬

25,095,710
,299.415

20,714

income

corresponding

the

over

Refining Co.

Atlantic

American Sash & Door

The

.2,226,506 .2^,511,485
30,866
321,266

2,085,954

ftY—

income

Oper.
Other

0.4%,

9 Months Ended Sept. 30—

JS36 &%g SSkos

SKSS

charged to income in 1944.
without altering the net
year.—V. 162, p. 2139.

14.
or

Electric Corp. report that the

cf

2938.

p.

reported for last

profit-figure Us previously

Dec.

kwh.,

271

by a $750,000 provision for contingencies
Payment was made in cash 011 Nov, 24, 1945,

40,765,736

iT'oIo'Sar i4'i2o'473
1,191,048 13,958,936 14,120,473
694,570 8,133,203
7,941,526

722,913

income

Fed.

10,117,117 1J2,241,609
3,404,046 41,800,860

9,718,831
3,333,211

.

Depreciation

for 1944 with a net
amount was covered

corporation- has completed renegotiation
to the Government pf $710,419.
This

The

ended

Co.—Weekly Output—

the Associated Gas & Electric Group for the
1945 amounted to 127,000.047 kwh., an increase of

output

electric

the Associated Gas &

of

trustees

The

negotiation— <•'
recovery

Maintenance

Associated Gas & Electric

Corp.—Re¬

Standard Sanitary

Radiator &

American

Electric Co. (& Subs.)—Earnings
1945—Month—1944
1945—12 Mos.—1944

American Gas &

Manufacturing

acquired

sidiary

five

textile mill

immediately preceding
through said sub¬
plants. J Three of these plants (the Bates

Volume ,162

mill,

Number

the Androscoggin

mill

4449

and

THE COMMERCIAL &

Hill

the

mill)

ton, Me.; the fourth plant' (the Edwards mill)
Me.;
In

and

1944

and

the

fifth

these

plant

mills

sold

fabrics

rayon

(the

in

(of

York

the

which

mill)

aggregate
64.87'A

located

are

is

located

Ideated

is

127,123,484

at

at

Lewis-

marks,

Augusta,

Saco;

will

Me.

inventories,

of

each

coggin,

yards of cotton
for
$36,372,656.

cotton)

..were

at

mills contain in the aggregate .3,748,000
square, feet of manu¬
facturing space.
Their
operating machinery-; includes 8,278
looms,
and
317,961
spindles. ,-Each of
the plants.; above .mentioned .owns
hydro-blectric generating facilities which produce a substantial portion
of
its
power
requirements.
Adequate
outside
power
facilities
are

ACQUISITION
INC.,

under

•

the

trade

and

of

name

"Bates

Fabrics"

subsidiary, Bates Fabrics, Inc.,-, '/>
APPLICATION
from

pany

sale' of

the

the

through

256,500

$4,600,000 as a
National": .Bank

i

bank

total

•fesimated
esimated

at

as follows:-

Jj; 33,372,847

td

i'vC'.faii

ustimiifer)
vv.i,.f:

of

an

Maine

Mills

agreement 'with
total net proceeds

aggregate

the

of

amnimt

the

of

sum

$10,362,195

£1.708.951

uiuuuhi

ui

consideration

in

will

rflsh

»i,ooj,o3o

for

be

the

to

m

assets

be

to

xiiii,

All

(ii.)

f,

stock

16

/•■%y:;

*

.

,

s1m
i!0,000* by
stmenj:af NEPSCO in New
Co. and in

Fibre

of

shares of

Industries);

;

of

the

•

■
f

^

^ ^

^
held

.

NEPSCO;

.■

"f •'m'/

i

-

and inventories, expansion of
increases in the level of costs and
becoifies more available.
.The" purchase

finished

the

contractors

dress

for the

consideration

stated

cash.

in

stock

of

Industries, received in dis¬
including accrued interest, to

amounting,

the

other

Bates.

known

claims

all

of

The

not

for

and

the

to

of

of

the

contractors

of

this
time,
contractors

at

original

pending the settlement of tax
original contractors and by or

years

against

original

determination

expenses

several

of

by

cost

-possible

receipts

the

the

companies involved
in' the
various
transactions.
None of said claims is to
be acquired or assumed
by the company.
Subsequent to Oct. 30, 1945 the original contractors
subsequent to
acquired 767
additional shares of common stock ($100 par) of Bates for an
aggregate sum of $71,980 and said 767 shares were
exchanged for 3,835
shares of common stock ($10 par) of Bates.

rbe ori6inal contractors have entered into substantially identical
agreements with Herman D. Ruhm, Jr., President and director; Robert

*

;

,

■'yA*' >7'vi-■

$87,595

Braunr-Chairman of'the;

,)J

above.

not

board

of

directors;

Thomas

Treas^

Gorham,

to

dispose of the shares within three years (with certain ex¬
'.£>/'T"©' appeal' p'eriod with respect"to the Oct. 25, 1945, order is three
ceptions)' unless he first offers to resell them to the
W4C1U
;, ^onths.
"
original con•chiiiery and equipment now contemplated will be financed through
market.
'
The Company has-been informed that on Dec. 10, 1945, v--i.Clifthen1 current' bid price in the mai
two;subAs already indicated, on condition
funds.
:
other treasury funds.:
that the 256 ,500 shares of com-*'
£
■"
stantialiy^ identical peuuons were • filed with the U. S. Circuit Court
1Q®nJilc®1 petitions were? Hied with the U. S. Circuit Court
mon
stock of Bates offered herebv are sold bv B
1";-;
•'H '•*'•PRO PORMA BALANCE SHEET
r
hereby are sold by Bates on the terms
?ri.„ftp,p |r , ,for ti?e
Circuit under sea&ftl&24(a) of the Public
indicated herein, and that the
(Giving effect, to the sale of the stock, creation of a term
labor

as

..

'

,

receivable

-goods business,

•

'

.

accounts

''

*

,

..

to

to

of

shares. is

not, be

against

.

«

(b)

common

claims

and

par)

as

and

(said

outstanding

?eld by

($10

will

', jl u"

)a

■

^

and

the

York

93,570

inasmuch

stock,,

stock

total

(

t,i

,%;/;*$!

preferred

common

of

of

and' the

Hill,

-

said

Industries held by- NEPSCO
consisting of all of
outstanding 7'/,. preferred stock /mo oon
7%
(108,320 shares),
of, non-cumulative

participating

89,317,988

.

stock

(iv) All stock of Keyes
by NEPSCO, consisting of 400 shares of
Bates' subsidiary,"Bates^Co., to enable
said.;prior .preferred, stock, 1,250 shares ,of preferred stock and
discharge its obligations to pay an estimated25,000 shares of common
stock;
'^VV
amount of $1,463,257 in cash to. Edwards and an estimted.
(v) All shares of capital stock of Bucksnort (1
533
shares)
held bv
amitiunt of, $1,561;333 in cash to Ydrk as a part of the
'.
NEPSCO.
aloan

as

subsidiary

,V,

>

j ••

.'L':

-

the

on

consideration

niitatflndinsr

shares

common

:

transferred...-,,,,,.

,'lK' <

1

assets

stock held by Industries in Androscoggin, Edand Keyes and other miscellaneous
securities, the
therefoi' being the surrender to Industries of notes of
Industries originally held
by NEPSCO and representing an aggregate
- Indebtedness,
including interest, of $7,085,883 which NEPSCO sold to
the
origihal contractors under the Sept. 27,
1945
contract.
Said
18,714 shares ($100 par) were
exchanged for 93,570 shares of common

1

'

j'/'j C.U ji'

remaining

together with all the

' wards,

Bucksport Water

h-H

7

the

minority holders of common stock of Industries
distribution notes and claims
amounting, including accrued
interest, to $2,702.
The $87,595 in cash was set aside as a reservo
for miscellaneous liabilities and
expenses.
:
As alread^. stated, on Oct.
30, 1945, the original contractors acquired
; 18,714 shares of common stock ($100 par) of Bates from
Industries,

of July 13,
1945, sdbject to certain
by the - acceptance of said offer
Sept. 27, 1945.
The Sept, 27, 1945
u„
r.
i-—
,

distribution

received iri

as

series" B,
and'
226,162%; shares'
226,102% shares comprising 97.22ft

V'i-

ar.;

$9,315,286

Burr, Inc.,
and said

Co.

,

TnrinRt.Hes'
Industries'

.

Androscoggin
and
Hill,
respectively,
td
the --company
to their agreements of purchase and sale;
'

^

&

to

being 99.972 %,
tribution'notes

'

Coffin

in

-

Accordingly, the-original contractors, who owned 1,000,417% shares,

BURR,

.

.

..

Bates',

FOUR

Service

received

remaining assets consisted of (a) notes of and claims again.?**
Androscoggin, Hill and York, amounting,
including
accrued

interest,

dated

evid.fcUced

V
'

The

York,

of Industries representing an
.aggregate Indebt$7,000,361 as at April 30,! 1945, and all
other in*
debtedness of industries held by ; NEPSCO
whether
or
not

v

from

applied

«•«

—.1.

IN

edness ,of

Androscoeeitt

■

AND

As

stock

common

created

agreement

of:

and

COFFIN

3067

following basis:

■'

AND

Corp. and
England Public

NEPSCO

agreement

by

good

(i) Demand', notes

•»

First

pursuant

>24,590

The

,

consisting

Plan

'j.y-;■>;; •:...
obligations Of thd ; company ; to : pay an

eswnineu

part of

a

by

the

loan

its

o.

-

;

.

..

discharge

ana

»

Said

accepted by

and

to'Edwards

as

Boston

New

„

(after

256,500 shares and from said bank loan is, accordingly.

£10.362.195.
$10,362,195.

substantially

.;

The

to

business

Co.

CORP,

COMPANY

Thonf thi
L Keyes
England Industries, Inc., in rrl,

proceeds to the comdeducting expenses
$5,762,195:'~ The company will'

to

First

offer

*

net

shares

'pursuant

of Boston.

the sale of said

.

loan

dwned

wholly

was

amended

IN

v

yjij-v.;; estimated at $73,180) is estimated at
cK"'.' also receive at the time of the consummation
•

offer

BOSTON

TRANSFEROR MILLS

1945,

19,

and,

subsidiary, Bates

INTERESTS

written

a

conditions.
was,

:2,*'-J*''/

.

•

its

yM\\%

PROCEEDS—The

OF

York, will
Hill, by Bates

V'.,
June

receivable,

textile, companies,; namely, Aiidrosbe transferred
to -and
owned,

and

FIRST

OF

_

On

made

incoming tiansformer equipment is of
sufficient capacity
to run such plant in case of. interruption of its
own
power.
These mills have a total of approximately 5,30Cr employees; ; A substantial portion of. their finished products are sold

y J••

four

Hill

BY

s

•

to; each- plapt,

following

the

Edwards,

accounts

Androscoggin and
by. Bates' wholly owned

These

available

of

supplies,

to

as

FINANCIAL CHRONICLE

.

volume

of busines.o
additional' ma-

of

.

,

.»

.

1WCU

.

.

.

.

V

'

loan

"of'$4^00^000"

.-and

based

—

•

:

'

^

and the" consummation of
the audited balance sheets as

upon

Commission
tpe"Maine Miiis bank;iJJgJW,•
Plan
Commission
01-«•->.-

at

Sept.

1945,

8,

ASSETS-—

.

'

_

;

•

*

'

,

V

.

,

;
i.

Plant

0t

103-573

Investments

m,76Kf
4,805,067,-

JL*

^

"'SrS'tS.Sf ChareeS
K

r

traaemarKs—

'

£15 389 989

S15'389'389

—

"""*

may be taken by
in the petitions.

3(.i

income

on

and

renegotiations

(net)
4—

——

note

y
surplus

Paid-in

f

-

price o'f $40

15'00n

.

y

18 640

—

surplus

620*375

4

___

•

729^150

:'
y,-

Total

/

Mw

,

<:

-

.MM;-P..

and

authorized

--shaves

M;p.

stock,

par

total

v

-—

($10

which

is

each

party

the

the

V

peti-

defendant

$1,350,000
of

amount

par)

to

credited

was

capital

391,500

shares

stock
of

to

paid-in

surplus.

increased

was

common; stock

' -action representing

from

unit.

per

The. time

units

for

such

consisting

stoclc and 6,273 shares of common
by lbe original contractors.'. ;,,;,' The purchase covered
pleted on-Oct. 30, 1945.
amount
its

of

debt

subsidiaries

as

deposit was later
31,613 shares .of

were

l' }"'

.

of

of

stock

,

;

acquired at
y;-V"

sheets

the

.

profits

by, the. Sept.V27, ••1945,
At

and

that

the

shown

time

contract

Industries

amount

of

owned

capital

below;

was

not

stock,

■

The

17,424.

y

Bates

an increase of 256,500 shares of
The
:256,000 shares constitute the shares of common stock now offered
by. the company for cash at $22.75 per share.
The net proceeds to
";-"the company from the sale of the-256,500 shares ($5,835,375) will be

Manufacturing

Co.--—2,218,316

Mills

These

said

the

agree-

final
the

the

steps
nature

based

on

transactions

payments

of

the

'M the ye>r 1944- bel"B
"

Edwards

Hill

York

-

£i 534 ai5

$1,534,815

$2,101,394

$2,611,413

321,967

629,324

190,647

exc.

60,517

56,266

21,463

None

162,761

None

128,422

None

95,000

None

None

None

.

orof. taxes
prof, taxes

y

•

thereon

Inc.

&

.

•

.

V-

.'

''.'•M

y

-.i

-

;y-"-yy

,",1)-'"M;y 'y:'';'y'y
'

•

..

Ii""

•'

••

violation;

"

*

y

^.

by

the

original

*

'

7Not presently determinable.;
held

2,938,463

y

City taxes, and 'yy'';.
alleged penalties for •;

?

3,421,435

f",

;

.

N. Y.

a«
?A

None"

675,405

excess:

profits taxes','retro-1
active
-wage'' adj.,

..-M

notes and accrued

contractors

who

interest

also

now

v

thereon

own

■

are

.

now

the

following
percentages of the outstanding capital stock of the several companies:

1 - Androscoggin

(69.31%)*■>■^Edwards

mu?-

placed

1945.

1945,

reflect

and

1,058,567

">>%;•J 99.971% of the demand

(91 %)

.y

18,714

;

_

No. of Shares

135,000
such

to

Plan"

Sl.452,388

known

interest

than

ahd Percentage of
Amount Outstanding

is

Maine

31,
'

8,

adjusted

Mills

£1 452 388

Demand notes & accr.
Federal

respectively,

of Com. Stock

($10 par),
such stock.

Sept,

cost—mitt,

inc. & exc.

'

.

the

Liabilities—-

By

&

at

as

Androscoggin
tax notes

Land and tenements—
Claims for refund of Fed

,com-

less

at

value not

■

1945

taxes

Securities

'

8,

"Maine

'
receivable.^—

•
Accounts

price 4
:■ ;

Sept.

the

thereof

Jollow?"''inCOme

m

extended

series

amount

at

as

under,

cash and U' S

named

said

Bates

to

of

,

v;"

proceedings which

only

loan

before Dec.
before"Dec.
e o e w

.

balance

S3

fak

to

term

consummation

practicable
-v
K

therefor by the purchaser, all as
provided in
of purchase and Stile.
Upon completion of said
transferor mill will have assets and liabilities of

.described

;

-

and a total of. 31,613

the

$15,389,389

—

NOTE—By vote of the stockholders Dec. 3, 1945, the then out.-standing capital stock, consisting of 27,000 shares of common stock
✓$100 par)
was changed
into 135,000 shares of common stock
($10
par) on the basis of 5 shares of, $10 par stock for each share of

:$100

'

Commission,

% Ls

a

the

or

the

as

sideration

ments

^

'

;

,

Ealned surplus

...

the

the

not

in

so'on

soon
-

indicated below;

V yariotis- reasons alleged, that the

steps

as

-

H gati?nS sale of its
C0Ace'-ninS
for
the

NEPSCO

final

taken

final steps will consist of the transfer to Bates or its
subsidiary,
Bates Co4 of the plant's : and certain other assets of Androscoggin,
Edwards, Hill and York, respectively, and the
payment of ''the • con-

.

0^ Oct. 13, 1945, the Original contractors I mailed an offer to the
holders of stock units of Industries (each unit consisting of one share
63 464
of non-cumulative participating preferred stock, series B,. and Ms of
loo'oon : a share of common stock of Industries, .the total of such units rep-.4 103573 presenting in the aggregate 32,265 shares of;, series'- B stock
and 6,458
1500 000
sbares of common stock) to purchase such, units' as the holders
3 000 000
deposited before Oct. 30, .1945, in acceptance of such offer, at the

-r*--.

•Capital

,

178 915

tSpecial deposit accounts—contra

-i'l.

,

•-

y29Ar/o. note—instalment due in 1946

-

,

the

Post-war refunds of

$88,319

———

accruals

'4'r.; Prov. for Federal taxes
„

by

equitable.; The Bates Manufacturing Col. is
tions and is not informed as to the attitude

.

LIABILITIES—

*AerrneiSnavrnne

.

a separate bid for all or
.permission
as- not granted,,,
P«"tion_ to be a holder of any

finding"! ^h?OoSSSS°teat

the

*

'

TOtal

•Other

HcfP
?rf,yi

•

'7—;
fTntoi

■

hiefn^v

th«

,

account

..

A

Privately,

Pian
Plan will be

,

Z Pfrmission W make

l"ll^f°OTiSnaP1Th1, m,b!s

G, 105,022

Special deposit accounts—contra———-

$4,600,000

^be

cc,urt? at ^hich iatter hearing

nlsrtarf ^- IZJ

927,960

—

..

4

-

$2,873,50fe

receivable

Inventories

'

-to:^iew

19^

,.haci 4 .
.,bee2.. represented ; at the^Jhearings^ before

M

1
.Accounts

?

the filed
';
11, a945.1945.-One petition
onewas
was^Tiled by the :
by the
I;he 7^.; preferred "stock of NEPSCO; the Other-

Oct,
Oct.

the five textile companies.).
"^

'

dated
dated

holder of 30 shares of

of .(

(80,2^%):. y'.; j it.

97.32 %

Hill

92.50%'

——

69.82%

York

not presently contemplated

—

96.67%

that

any of the above companies
,;iibe liquidated' or dissolved until all claims for taxes, refunds of
■r^vTio
,'g
y
, •
34,343
•
Maine Seaboard Paper Co.-_____-_
,o)
taxes or contingent claims are finally settled.. Under the applicable
;
3,642,301
,
,to0,00()
100 &)
statutes of Maine and Massachusetts with
.debited to cash and $2,565,000 (the toial par* value of such
respect
to
appraisal of
shares)
During the period between Oct. 30,'v 1945 and Nov.
17, 1945; (the y
stockholders' interests no required dissent was made by
will
be
credited
to
capital
stock
and
the
any minority
balance
(estimated
at ;.yhate when Industries was
liquidated) the original contractors controlled,»!.^stockholderwhen the. sales to Bates and Bates
Co.
were
voted
.$3,270,375). will be credited to paid-in surplus.
•
by
Industries, owning as of Nov. 17, 1945, approximately 99.971% of
stockholders of the trahsferor mills except with respect- to 296 shares
The
2%%
note' and the 3% note will be issued under a
Joan,
the outstanding common stock of Industries;
Durittg that period the
of pdwards.
Under the Maine statutes such dissenting stockholders
:agreement with First National Bank,
Boston. ...The 2%%
note will
Mfollowing transactions were effected:
«
Jhay petition a court .having jurisdiction in a proceeding
lbe payable $100,0,00 one year after date and $100,000
yJMyy,1
against
semi-annually ; ; i jj) industries' sold
and
transferred' to the
thereafter to and including June, 1954, and Will bear interest at thd
contractors ;
Edwards for a determination of the value of their shares,
(a) an shares of cauital stock of ArrdroRcne-ein
Rate-?
FriwnrdR
Hill
"
The comPahy has been advised by the original contractors that sinco
rate of 2%%
per annum payable semi-annually.
The 3% note willy
and York held by it and
(b)
all shares of caDital'stock of Keves
°ct' 30> 1945 (the date of the consummation of the Sept. 27, 1945
-yyvyyJe payable 814 years after date and will bear, interest at the rate
held by it consisting of 1 000 shares
df prior preferred stock
■of 3%
8 209
contract) their disbursements and receipts, as presently ascertainable
per annum payable semi-annually.
As to the 3'% note, the
shares of preferred stock'and 4 958*% JhnrPR nf pnmmnn
R(-oAk 'jind
or presently capable of estimate, Involving their interests In securities
company
will bd obligated within 90 days after the close of the
(c) miscellaneous securities
for and in" consideration of the original
■calendar year 1946 and each calendar year thereafter to
directly or-indirectly acquired pursuant to said contract and other
apply on
,

vivV

Co..—__—--

?!

!\"y''3'5e»'foo

^957,663

<95^.39

.

.

.

-

original^

.

■

principal
company

not

.*'tout
■

«K* consolidated net profit for such year over

•«»»

■

a sum equal to 40%
of the
^consolidated net, profit of the
and its subsidiaries for such closed year in.excess.of $9o0,000
^xccsS of Sl»950,000
plus
sum
to
20 &
of

in

CAPITALIZATION—'The

'M

the issue

-Efter
issue

and" sale

of the 2^4%

capitalization
of

;W;.*
-;M

'-29/4%

note

the

and 3%

note

'\l

of

thfe

'

company

stock

common

note will be

as

how

;

Authorized

(bATnltf loan)—L—$1,600,000

(bank

•Common

lean)—

stock

note

($10

'

;

ThP

First

Bank

•^
and
the Old;iColony

of

.w.

Trust

Co'

CO.

Boston

y...

the

aepnt
agent

.

J

the

-

:stock, $10 par value.-

>

COMBINED EARNINGS '
36 Wks. End.

:Nefc sales

L

•Cost

!

of

sales—_

•Cost

of

income—!—_J~

Gross

interest

"j

):y ■*.•

830,121

1,227,736

$3,234,100

98,470

$4;806,966

$4,064,148

343,200

499,359

516,649
22,945
532,800

Cr62,803
401,293

533,000
2,456,150

>..1,753,700

JRenegotiation (net)—prov. for conting

80,018

151,700

199,758

124,067

187,178

27,245
,

for period-

TRANSFER

Jhe

lands,

Including

OF

$757,793

;

to

$1,038,296
the

buildings, machinery, equipment and
all water rights for power and other

The Commercial

and Financial Chionicle

Maine

82,386

724,70$
,1,154,397
149,050

other
uses,

$1,298,577
Mills

fixed

patent,

.

or

five

will

.

Plan,

textile

be

sub-

nremroomAjMnoa
CASfi DISBURSEMENTS

Plid t0 NEPSCO «» Ocfc. 30.
$16,500,000
TotaI purchase price paid to holders of units of stock of
*
Industries at $40 per unit (each unit consisting of one
15-year^con?.?i55;;.>,:;tshare>of class B stoclC and }/s share of common stock)—,,
1,265,000

Fabrics, .inc. owned
v

^

,wy

.'.J'ij

^

,

aggregate- amount of $634,864.
(These dividends were paid on.; Nov.
#945, the aggregate amount thereof received by the original con¬
tractors from Androscoggin being $511,444 arid from
Edwards $629,952,)

M

26,

,(7)

Bates

Inc.

for

$40,000

all

'

all

the

caused

the

capital

Bates

stock

expeetedi

Total

purchase

stock

from

Estimated

price

which

for

nd

various

realization

lots
is

of

Co.

..

shares
stock

of

additional

then

common

outstanding.,

(9) Industries was
holders of the 32,281

completely
shares

of

stock

...

.

the

.

B

$1,291,240 in cash, at the

trade-

liquidating value theveof, and the hold^rr

of

$40

,

,

as

stock

per

q

"

expenses

of

the

300,000

——

,

result

being

•

FrOm

;

Frorti

td

Industries of 31,500
industries———

of
on

class

payment

Industries
From
tion

stock

Bates

ori

notes

tion

the

From

of

7%: preferred

on

Industries

liquidation

:_1—

of

on

of

of

on

2,232,000

account

stock

to

of

York

notes
—

management-—

"Fitrures stated to nearest $1,000.

681,00a

liquida¬
2

Industries—

Bates

;

liquida¬
—.j,

Industries

payment
sale

3,150,000
1,265,000

J.

of

_———

Androscoggin notes acquired

voluntary
c-r^,

of

——

acquired

distribution

the

shares

liquidation

Industries——

liquidation

of

of

—

payment of
of

B

From payment on account of Hill notes
acquired on

which the

as

sftle

stock
Received

•

,\
in

$18,763,000
J-M1," v.". • Jy J
■ CASH RECEIPTS"
r
vM-;;
'•
Dividends/from .Androscoggin and EdwardS—
$1,141,000
From sale of BUcksport stock to
Time—
—_i
40,000
From sale of Keyes stock to Coffin &
Burr, Inc., individually
1,300,000

From

class

same

received

share,

115,000

York

.

M

M

Bates.

.

liquidated,
series

assets;

rate

of

and

;

td.' be incorporated in Maine and
Bate§'*Co. to be issued' to" Bates,
of

Hill

expected—16,000

•

^

of

567,000
,

the

industries purchased froih the.,original
contra'dibrs .31,500 shares
out ot the 108,320 shares of its 7%
preferred stock which they had,
acquired froin NEPSCO (these 108,320' shares
being all the" shares of
such
stocky, then outstanding and having a value in'
liquidation of
$10,832,000) for $3,150,000. These 31,500 shares of ;7% preferred stock
were
retired; arid the remaining 76,82o shares were
Vexchanged for
768,200

$952,334

PROPERTIES—Pursuant

.,

the

of

are

t*Wics' ab

for $36 000-

•

common

Net profit

%

and

plan,

>

•

v

730,904

1,662,350

profits

%

Mills

(3l Inaustries .sold to Time, In(T,
^®rtf3,S00,OONJj},
income debentures and the 50,000 shares of Maine Seaboard
Total purchase price paid for various
lots of capital stock
for an aggregate consideration
;
0f
minority stockholders of Bates, Androscoggin, Ed^t'2/5,990'. +V
sy -s;
:J'
^ J1"'V
Mi; :
'
wards and Hill——
^4) Ahdroscoggin declared a cash dividend on ife outstanding comEstimated cost of 5,062.4 shares of new Bates stock
to bd
#Pk jn the aggregate amount of $536,116; and Edward?, de- JJ.- offered to minority stockholders of Hill and York
from
cla?cd* a cash.;., dividend on its outstanomg common stock in the ■
which no
realization is

caused

$4,140,017

normal & surtax

exc.

'V;' ''.:

•

Industries

NEPSCO;

$3,967,740; $3,998,791
96,408
141,226

tax—

Fed.

•

(6): The' First Boston. Corp.; (one of the original
contractors) sold
all its interest, in shares of Keyes stock
(part of which was acquired
by it from NEPSCO and part from Industries) to Coffin &
Burr, Inc;
for thA totaj sum of

32,493,315
1,301,365

$3,305,918
y

■

r

thus; making Bates Co. a'wholly owhed'subsidiary

Miscellaneous deductions

federal

Co

^ates Manufacturing Co. for $36,000,

$650,000^,

$4,708,486

71,818

1,162,104

*

sLtofiSs

it to Bates Manufacturing
r

*£*7

(5) The original contractors sold to Time,
shareS Of Bucksport acquired
by them from

Fiscal Years Ended-

Sept. 2; '45 Dec. 30, '44
Jan. 1, '44
Jan 2, '43
$26,073,154 $36,372,856 $35,304,016 $37,793,471
22,008,933
30,436,624
30,174,172"

distribution——

Net profit from sales;Non-operating income-

V

of

secdrities. including securities of
Sept:$' mills participating in the Maine
surstantially as. follows.

PaPe/0Co. capital stock owned by it

(t? common
rSmmnb

fnr
foi

3tfc,r62'^fcG ^indcbtfidiifiss

veruble

381,500 shs.

...

&n

f s^d

> '

been'■■ annOinted* reeistrat' •

transfer

r&nder

•;[

;

3,000,000

391,500 shs.

has

tranto

m
as

and

Outstanding
$1,600,000

■

3,000,000

par)_„_-^«-.-_-»'

National

immediately

offered

follows:

*

:3%

original contractors had acquired from NEPSCO under the
27,; 1945^ycohtract, said notes representing at the time of such

S1,950,000,My

'

::

contraSf?»Snd(S? S; ^i^Ses-thnS of ^sSerJSMy

the
;

acquired

2,600,000
on

2,700,000

150,000

$15,259,000

(Reg. U. S. Patent Office) William B. Dana Company, Publ shers, 25 Park Place, New
York 8, Nl Y., REctor 2-9570.
Herbert D. Selbert, Editor and Publisher;
D
Riggs, Business Manager.
Published tw.ee u wee*, [every Thursday (general news and
advertising issue) With a statistical Issue on Monday].
Other
offices' 135 S. La Salle St., Chicago 3, 111. (Telephone: State 0613); 1 Drapers' Gardens, Londoi
E. C., England, c/o Edwards & Smith.
Cojlyright 1945 by William B. Dana Company.
Reentered
as secona-class mattei
February 25, 1942, at the post office at New York. N. Y„ under the Act ol March 3, xoi».
Subscriptions in United States and Possessions, $26.00, per year; in Dominion of
Canada
$27 50 per year; South and Central America, Spain, Mexico and Cuba, $29.50 per year
eai.J3 J;-in, c—Hr-nteM
Europe (except "mini
a*'"
Australia and Africa, $31.00 per year
votf
On account of the fluctuations in the rates of
exchange, remittances for foreign subscriptions and advertisements must be made In New York
funds.

William

Dana

Seibert.




P esident;

William

has also been

company

follows.

>

J.

' .;.7/■. /:/

"■

.

refunds

tenements—-—7-

and

.

.

of

Cost

of

gen,

1943

1942

'

-sales

'

2,465,443

*&" adm. exps!

401,710;

-

1.939,199

352,146

13,191

$234,993

,

13,073 "

21,190

,.

352,681

,

...

$150,741 77" $192,213 '

$168,380

7-1 7 77

1,738,406

2,157,805

!

395,845

profit from oper.

$2,282,765 <" $2,526,873

$2,710,256

$3,029,668

24,274

'
income

Total
Other

7 ' $181,571
7

charges

income

Fed.

and

161, p. 666.

—

,7/Net. profit
shares

..'77

;

\-

of

Cohu .&
—V.

of

names

stock,

common

by them

are

/.v

4,474

:,7>; 6-132

102,103

7 122,663

7/ $98,709 ": $130,472

the
.

,

underwriters

several

the

and

follows:

as

number

of

the

severaily

shares

of

7.7

7

,77 ."

-

.

Inc,7T,7Xi-77- ^ 47,500 77:7;7^V77

Ino.^>."7-7il^4-w7V;47,5g$

-George R. Cooley & Co.,

.

26,584
* 69.879

'.

".89,700

..M°hawk Valley; Investing. Co.,-

*
r

-

,7 $259,267

$205,286

../,.i;$871897, 7-.$75,468

UNDERWRITERS—The

100,000

7 •"

7:,./, 3,974

//

—-y

underwritten

$171,931

excess

profits /taxes V-7

The corporation has called for redemption on Jan .1, 1946, $72,600
first mortgage convertible 5 V3.%. bonds, series A. due serially from
.Jan. 1,-1947 to and including Jan, 1,. 1955, at 105 and interest. Paymenwill be made at the Mahoning National Bank of Youngstown,;.;

'

-Fiscal Years Ended Nov.30—
1944

dis-

Other income

•

per

of

J 12.18J

Inc.—& Co.__

Burr,
Sachs

&

less

etc.

Sell.,

Hemphill, Noyes & Co.--,. 3.896 .
F. S. Moseley & Codiwi. ••".3.8»tf
trustee, Youngstown. Ohio.
'S:
Goldman,
5.849 V Paine, Webber, Jackson &
Harriman
Ripley & Co.,1 ,: /
Curtis
—
——
3.898 c:«fe"Thfc conversion rights with respect to the called bonds expired at
the close oi business on Dec. 20, 1945.1—^V. 160, p.. 2755.
f;
Inc__*!—•
5.841
H. M. Pay son & Co. —3.898
Kidder, Peabody & Co.-L;
5.849 -I E. H. Rollins & Sons Inc.
3.898
W
C Langley in Co
0.8*0
Hornblower & Weeks
2.338
Stone
& vwebcter
and
'
R. W. Pressprich & Co.__
2.338 '-0s Brazilian Traction, Light & Power Co., Ltd.—Earnings
}
(Expressed 'in U. S. Currency
Blodget
Inc. *7
5.849 7; Whiting, Weeks & Stubbs
2.338
Union
Securities Corp.—: 5.849 .$ Charles H. Oilman & Co.
1.5*60
Period End. Oct. 31—
1945—Month—1944 C , 1945—10 Mos".—1944
Baker, Weeks & Harden-i.',' 3.898
Ingalls & Snyder—1.560
Gross tarns, from oper.
$5,984,421 -i $5,113,930 $53,784,684 $48,302,598
Central
Republic Co.
Maine Securities Co.—-1.560
Operating expenses—^
3,445,794 ; 2,374,064: 28,066,368 22,809,646
Corp._+1 12.183

Boston

First

The

Coffin

sales,

counts,

Brainard Steel Corp.—Partial Redemption—

1:

,

SUMMARY OF EARNINGS
Oct. 31, '45

'

;

re¬

the

11 Mos. End.

Gross

cents

3

of

cents

16

against 64 cents in 1944.—V.

.y'{>£■'ft' 7°

77.V

>

;

:

•*,;'*

77;'

per share and the regular quarterly
share have been declared on the no par
value common stock, both payable Dec. 24 to holders of record Dec!
17.
This brmgs total payments in 1945 to 67 cents per share, as

dividend

extra

dividend

-

'

1164.

p.

OF .SALE—Of

100,000-shares of common stock of¬
fered, 84,996 are being sold by the selling stockholders, who will re¬
ceive the proceeds from their sale.
The remaining. 15,004 shares are.
being issued and sold by the company.
The net proceeds are to be
used for the general corporate purposes of the company.7 .
i
,

■

<

Property Trust—Extra Dividend—

Boston Personal
An

contractors will own 67,405 shares of Bates
stock.
The original contractors- have no present intention of making
a
public distribution of these shares,
77.;77 V;,7.
: ,'v j
UNDERWRITER^—Tne'--Several underwriters have agreed, severally
and not jointly, -to purchase from the company at $22.75 per share
the respective percentages, set opposite their names below of such purt
:
oi' the 256,500 shares of common stock as shall not have been
subscribed for by ti.e siockuo.cicrs 01 the company:
"
; :
* Ji;I
:

162,

normally manufactured, to meet.; civilian .demand, and
material expansion of personnel or of physical facilities.

no

FROCCEDS

Net

the original

addition

In

character

quired

,

'

00'oon

,

j.*•'j

plant

new

a

manufacturers.—V.

taxes————-(not determinable)

reiunds of Federal

Claims for

iM.vvv

.

—;,-v;-/.

value)

Investments .(book
Land

profits taxes————-—-

excess

o;

*■

.

_

Ore*', the Casein Co. of America division is con¬
for the production of formaldehyde, essential
synthetic resins and plastics, and
industry in the Northwest develop-,
ing rapidly, this plant is the first to manufacture formaldehyde in
Oregon, as well as the first large scale operation of its kind on the
Pacific Coast.
In line with the Casein Company's increasing interest
in the manufacture of sylthetic resins
and chemicals, plans are also
under way for the development of industrial acreage acquired in 1943
at Belle, W. Va.,
in order to serve Southern plywood and furniture

$3f ^,000

accounts receivable-,^——

XT. S. tax notes and

Cash,

Post-war

^r''v. /■'■

*

t

ingredient in the manufacture of
resin adheslves.
With the plywood

Realization by
Orig. Contractors

:J*-,r'■/

'

y

.

Springfield,

At

structing

Est. Maximum

-

,

'

n

Plant—

New Casein Company

.

'

j

y

4

,

their

1944, $1.70; 1943, $1.50;

follows:

previous years, dividends were as

In

advised by the original contractors thai
judgment the maximum amounts which may be realized by
them from1 thfe ' remaining assets of Androscoggin, Edwards, Hill and
York
(subject to such adjustments as are not now ascertainable be¬
cause of liabilities and expenses to be incurred and unknown possible
liability to. minority stockholders) through ownership of the unpaid
balances on the Hill and York notes and of a majority of the capital
stock
of
Androscoggin,
Edwards, Hill and York, are estimated as
The

in

Monday, December 24, 1945

& financial chronicle

the commercial

3068

'

Torrey^.———

777!

:

5.000

'

162, p. 2938.

—

I:

Buffalo General Electric Co.—Bonds Called—
Buffalo

See

Niagara

Electric

below—V.

Corp.

144,

;

%

2470.7:7

p.

"

Pacific Co. of Calif——

-3.898

(Inc.)
—V.

162,

'2938.yX'^

p.

1.560

V"

'

Net

the

Period

:

End. Oct. 31—

Oper. revenues

,,

income

162,

■

$1,357,450 $12,437,327

$12,166,793

•

8,090,582 ;;;

838,821

693,524.

,

J

'

•

factory at'Los Angeles, Calif...early next
of cotton, burlap and open-mesh bags, accordofficials'.
j
.
1 ,
7-;~
•
'
i,
The new plant will serve Southern California, Arizona,-and Nevada.
—V. ;132, p. 4060; V. 128, P. 2634. ■v.i/V'.J.. 7*.7V7, '".i-v-''-: ^
The

wiU. open a

company

for the production

to

"

filed, ^ registration statement,,

has

"ampanv

etock; (par $5.)."

5,720 shares of coijunpn

i'
;

-

«

!

,

;

$1.25

^

r

to

requested

being

are

act

1968.
upon

Trust

the

at

or

the

of

1946,

Marine

Y.t

successor

.-Marine

/ $1.41= 7-'■ -$0.41

Co.

at 105Va and interest. Holders may
full redemption price, plus accrued
presentation and surrender of said
-of Buffalo,
trustee, 237 Main St.,

of J.

office

P.

Co., Incorporated,

&

Morgan

7

'

v
Buffalo

the

company,

Niagara

Midland-Trust-Co,.,- 120 Broadway

162, V
V7t77:;/--,77^7#V.

York, N. Yl—'V.

New

^7-:

^ /t ButleT Brothers, Chicago—November Sales Up 12.6%
■7 Period End. Nov. 30—V 1945—Month—1944
: 1940—11 Mos.—1944 .7 .
,-,/77VV7„x-^-.7:.7.;_.;V.77u,:.$.Vu
7:7:-/7:7

,1164,

Dividends in

sales

/Retail

8,561,086

9,801,951

Wholesale, .sales

•

1.706,363

.

.

94,343,997,-93^6,384,

1,654,962

.15,914,239

'

14,543,368 V

#

237 71 cents.—'V, 162, in YOlL ;]

annual meeting called., for

at their

The. stockholders,

The

N.

1,

Aug.

payment
17,

7 p; 2938.

sales'".7"."VI" 11,503,278 1 0,216,048 110,258,236. 108,2Q9„752 ;7
23887"7VT "V 7 " " 7r
..
.vV/r'

Combined

-

V.

162, "p.

California

/

',/•

Power

'

--•

<Mexican

7;

*

Consol.7Subs.)—
^'7
777
Subsidiaries Not- Consolidated)
: '7 7,

Electric

-Earnings—
•*'

•

-

Co.

(&

-

1945—12 Mos —1944
$494,128
$7,109,779 $6,710,278
7""' 24.097 * ' 366,632. T 312,257
Other- oper. expem.es" "169,818 *•"-V 168,793 * 1,886,177.
$,798.98$
Ptov: fbr depreciation--""
" 54,420 7 " *51,107 " 045,906; " 742,038
Taxes (other-than Fed.
::"7- 77. ; •/7'-7';;,7:'7
income.)
" " 48,193
' - 48.866 * "* "612,684
529,151

'

;V

Period End, Oct. 31—* 1945—Month—1944

.Total

i

oper.

Jan.MO, "'1946,

.

upon" proppsals to split each share of
value, into two shares of com¬

72—-—1

Non-util. costfi and

U7 Net

7 the present coinnioq stock, without par

oper.

$528,625

revenues—

Malntahancb

Inp.,''SL Louis^Plaps^R

with the, SEp for

'

Jan,

/ presentation and surrender of the 4,/a%. bonds at The Marine Trust *7
Co. of Buffalo, trustee,-or at the office of J,- P. Morgan & Co.', In7
corporated, in New York City, and in the case of the 5%
bonds/7
at The Marine
Trust Co, of- Buffulo,-successor - trustee,
or at. The 7:

;

;
^
a—/
The directors on Dec. 6 declared a special distribution out of realized
long term net gains. 6f :$1.27 per share, payable Dec. 24 to (Stock-;
holders; of record Dec. 6.
This distribution*.Will be made in jstock
unless/stockholders elect to receive cash.
;v7.;;
The directors on Dec. 11 "declared a cash dividend " of 47 cents per
share from the income of the corporation, payable Dec.. 24 to stock'-'
holjdqrs qf record Dec. 14.: payments,ot 25 cents each wpre made on
April. 2. July 2 and Oct.' 1. ."Jhii-"' yeav'j'V;'^"7;; /.7".- " -t 7.77V'''
'
In
It44
the following dividends' were' paid:
April 1, July ' 1 and

Stock—;

ail

1946,

17.

Electric Corp.
will
redeem
on
Feb.
I,/ 1946,
all
of
the outstanding Buffalo Genera)
Electric
Co. .general- and
refunding
mortgage
41,4%
gold bonds,
.series B. due Feb. 1, 1981, at 107 V2 and interest/and on April ,1, 1946, 7;
all of
the outstanding Niagara, Lockport & Ontario Power Co., first 7 V
mortgage and refunding 5% gold bonds, series A, due, April 1, 1955^77;
at 1041 a and interest. Holders may receive immediately the full
re¬
demption price, plus accrued interest to date-set for redemption'upon /

•

1945 '''' ;■ ^ 1944 ^v 1943
$203,624 * $227,511 V'i $$1,367

stock on 145,310 shares,^V. 162, p.

-pet; *1» 25 cents |ach;' apd Dep.

Mtyes,Lt(Ly- Registers
77<':».■ :;7': "'Wr -'Kv:>

Berylac^ ye^lpw'^hife Gold
With "SEC— -/'
y

;

*

company

'

•

'

<

-

.

Street Investing. Corp.—Declares

Cash and

"

year

and .taxes

"After dividends on Class A

:Broad

.

7,705,367

Open New Plant—

Bemis Bros. Bag Co.—To

to

at

As

Inc.—Earnings—

share_llit__%J ^

."Earn, per" common
'

"

-

.

Months Ended Sept. 30—

Net profit after all chgs.

,

:

'

1

r

Brillo Manufacturing Co.,

.;.

;

.

2636.

p.

Jan.

on

.723 Wall St., New York, N. Y.

pany's first mortgage bonds, also privately placed by^
Lee Higginson Corp. *The series K 3% bonds will now
constitute the sole funded debt of the company.—V. 162,

16,120,825

i—_

2514.

p.

1,710,197-19,982,017

.

.Net oper. income--

Net

2,177,448
$1,152,862

Operating .taxes

—V.

$8,968,257 $94,915,925 $85,114,905
'5,900,610
62,496,581'-56,827,287

$9,985,399
6.655,089

—

Operating expenses

\ :

:

;

due

immediate

bonds

Higginson Corp. heads a banking group which has
privately for the company, $6,961,000 first mortgage 3% bonds, series K, due Nov. 1;'1980,
The new
bonds refunded a like aggregate amount of the com¬

70,884 ■i-%'' 9

6,999 h/;// 73,480

8,966 ■;7;'

.1 )

rev

op sr.

bonds

D

receive
interest

placed

Pennsylvania—Earnings— ■
'
\ 1945—Moiah—1944 '"'' 1945—10 Mos —1944
$9,994,365 $8,975,256 $94,989,405 $85,185,789

Operating. revenues.
Uncoil,

Privately—

redemption

for

outstanding

series

; ; ,'h■■■■'■:
Y
$2,538,627 - $2,739,866 $25,718,316 $25,492,952;
.
f

Bridgeport Hydraulic Co.—Bonds Placed

Co. of

*

.

7:,/-":/■ / Y 77 :7

'

,

Lee

to

figure

this

increase

to

•,

,

Bell Telephone

1

expects

employs 3,800 and
162, p. 2266.

soon.—V.

4,000

,

called

has

general and refunding 3*2% series C bonds due
1,--1967, .and all of the outstanding general and refunding 314'<777

June

"'

*

■

amort.
chgs.)_

corporation

the

Buffalo,

company

presently'
•

capital

162, p. 2514.

—V

announced on Dec.
.The
company
has
already 'delivered three twin-engine executive
transport planes of the Mcdel 18 type to the Byron Jackson Corp.,
the Continental
Can Co. and the Mead Corp.
Current production
of the Model 18 is two a day.
It seats six or seven passengers and
has a cruising speed in excess of 200 miles an hour.
The company

-

deprec.,

and

:v

(subject

earns,

to

Corp.—Completes Reconversion— | ;
Reconversion
at the
corporation's plant in Wichita, Kansas, has
been
completed
and
orders
for firm commercial planes totalling
millions of dollars are presently being delivered to more than 12 lirms,
Beech Aircraft

The
of

.

7

Buffalo Niagara Electric Corp.—Calls Bonds---

7

.

"

"33,253 T

qx^sv

•

/ $68,764 • ••/'-776,025

73$.261." ?■;[ 24,360

.

r $187,671
tnet)!-'— 7'7.,'J ;* '430

$2I729;606. '$2,551,819
1,539' -/*" ". 22,4§9':' ^"21,19$

$176,90S

"

revenues.—

subscription.
mon stock of 'the par value of .'$15 per share. »h4 ^
(50,000 >
issue will enable the company to do all re¬
shares of new preferred, stock.
" 7,7"
"7 7
/7.77'Gross income..j-.l— "
$188,101
$178,444
$2,752,085
$2,573,017
pay the government dues and acquire a 21,- 77
Goldman, Sachs & Co. and Lehman Brothers are expected to head
Total
otal
inc.- deductions— V •' 50,381 • ;
the company's mining claims.
The intention 7i a public offering of the new preferred stock, the proceeds/from the v
51,651 ' ; 568,635 / • 575,415
is to continue exploration work preliminary to the
Federal inc. taxes (inch
incorpation of a
sale of
which
will be used, to the extent required, to prepay the
46,430
3,000.000 shares mining and development company to take over, this
V "44,960
800,139
700.713
! / excess profits tax)
company's $3,000,000 2,/4% "term bank loan which matures on April
company on the basis of 125 shares of the new company lor each $5
1,
1955, the balance being added to its general funds.
In view of
share of this company.
Net income™—
V;"j.
$91,290 /T $81,833
$1,383,311 $1,296,889
anticipated demands for its products and the outlook for its business
-V, 162, p. 2514.
generally,
the
company
intends to apply portions of its general
Bessemer Coal & Coke Corp.—Merger Ratified—
funds to the establishment of new plants, two of which are now under ,
7 construction.
/>;,. V k -77
■'*.:!>,./ /7'1:..,'7 ; ,,
•- ,;"!7
v/"',
Vv Camden Forge Co.—Common Stock
Offered—Horn.; : See M. A. Hanna Co. below—V. 162, p. 2938.
;
The
company
is concurrently
reporting to stockholders for the
blower & Weeks and associates on Dec. 17 offered 177.318
fiscal year ended Oct. 31, 1945, consolidated net sales of $56,458,352
,Bessemer Irrigating Ditch Co.—Partial Redemption—
shares of common stock (par $1) at $10 per share.
The
and consolidated net profits of $791,270. after provisions for taxes of
There
have
been
called for redemption
on
Jan. 1, 1946, a total : •7
$2,245,000 and for contingencies of $450,000.—V.
161, p, 2552. 77
shares are outstanding and are owned by Union Securi¬
Which "are being offered
The proceeds of this
quired assessment work,
year^renewable lease on

at par for public

; Other

,

,

,

income

.

,

<

of

C

3 x/z Yo

$6,000

1951

(No's,

National

to

58),

dated July 1, 1940, due Jan. • 1 to
to be made at the United States

bonds

debenture

53

payment

Colo.

Bank,* Denver,

:-v.

.

.."

.

■

ties

Buffalo Bolt

;
'

Steel

corporation

The

.

before

or

"

The"

issue

The

is

and.

15(^8.

$2,250

6^

to redeem on
$1,000 bond,
plus
due Aug, 1, 1998.9

each
bonds

for

mortgage

v

-

will be paid on delivery of the bonds with
attached at the Girard Trust Co. or at the
Company for Insurances on Lives
and
both
in
Philadelphia,
Pa.—V.
162,
pp.
2010

...

.'-VV-'' _v:.

...

• v

.V.v,

directors

on

ih'e > capital

on

recorfi;pec.
this year,

Dec.

stock,

28,

19

A

declared

$1,

par

1945.

Brunner

dividend

a

payable

Feb.

of *20

15,

made

-The, directors

per

on

Blue Ridge Corp.—Year-End Dividend of 30

.

share

Feb.

Dec.

made

on

14.

Oct.

the total

declared

have

year-end

a

dividend

of

Cents—.'

In

1944,

a

cash payment

of

10

cents

30

cents

share

per

■

per

Common

Theodore

Dec.

G.

a

message

follows:

"

tion

to stockholders

lish
„

a

new

"Op

the

somewhat

T10j
audit.

high lor the company.

basis
above

of

preliminary

$2.75

per

a

result,
-

,

estimates,

share.

The

expect

we

exact

figures,

we

earnings

to

course,

be

Inown untl* after the close of the year and completion of the
In

1944,
$2,500,000 to

the

company

earned

$2.35

per

an|Pje.:With n? further provisions scheduled for 1945.
'"Thfe',cot Pony's estimated earnings permitted

years
dend

ThW di -'d^nd.
of 60

cents

per

On

N'v.

share,

27.

the

directors

an increase in' the
declared a final divi-,

bringing the total* to $1.80 for the year.' -




the

of

amount

new

common

that

18,000 shs.

.

(

CONDENSED SUMMARY OF
'

7

'

7

Net

sales

——

of

shares.
The re¬
in the recapitali-

Sell,

3,773,368
' 316,203

and

deductions

$1,249,114

$1,569,655

3.C47

14,353

*

most
of

of

both

the
hnes

war

of

Period

a

very 'arge portion of the company's sales
and war produc¬
end-use; the products' sold were of the'same--

products were, made for Government

tion-and essential civilian

Net
Prov.

income
for

Fed.

taxes

■tional
but

1

of

for

co°t'V
the

Balance,
*

^No

est.

'

on''

income' (net)—
Reserve

*

:

a^dir

"arising

/'

"'*i

r

•

*

.

*

1,062,053
1,121,375
"/."" . " . ",

,J

275,000

war

surplus—__r

recerTO

:. «
'■
834,6°5

190,479

* "

61,759

$1,606,788

$1,538,483

$436,442. $1,234,760

—_

'

$1,668,547

31,172

(net)

.7
—

1942

lr43

'

$439,439

profit—" '

Operating
Other

'7./'

v

Calendar Years^

$8,953,805 $11,048 *02 $10,392,246
7,162,009
8,923,173
8,158,082
' 542,681
555,672
/ 565,616

-$4,529,062

goods sold—_
admin. exps._

Cost

EARNINGS

9 Mos. End. " "
Sept.30,'457
1944

!

became outstanding was 84,996

corporat'on organized in 1908,
condensing units and air com¬
pressors
at its plant in Uticn, N. Y.
The products of the company
are
vvd
pr'nci^aliy
in
industrial and
commercial establishments.
Company's condens'n" un'ts are largely used in freezing, cooling and
other
refrigeration
facilities. " The
a'r comnressors are, used principally in tire infat'ng installations', paint spravers. nneumatib chucks
in machine shop?, Pneumatic W"ter systems,' and installations'for the
atomization of liquids in the oil refining industry.
Although during

prospectus, el!

of 5V2% cumulative" convertible preferred stock
and'177,318 shares of common stock are owned beneficially and of
record by Union Securities Corp.
The remaining 12 shares of; out¬
standing common
stock are owned by four directors as directors'
qualifying shares.
'/ .* 7
/
V
'/
•

BUSINESS-^Comnany, a New York
commerc'al refrigeration

will

share, after, provision
of
the 'reserve for special contingencies.'
Since'condi-'
tions."changed with the end of the war. this reserve is now considered
:

18,000 shs.

pa.r)i

are reserved for issue upon
tAs of the date of the amended

Outstanding
tl5,420 shs.
f 177.330 shs.
conversion of

the

manufactures

-

of

stock-*{$25

preferred stock.
15,420 shares

(

•"

shares

29,654

which

■Df

zat'on

antici¬
pate that sales will be about 10% above the record of 1944 and estab¬
As

(tl

shares, and the amount of new preferred. 18,000
maining 15,004 shares of new common authorized
are being
sold by the company.

on

-•

continued during 1945.

-

9

CAPITALIZATION

.

Authorized
5V2% cum. conv. pjd. stk, ($25 par)—
*
16,000 shs."
Common stock .($1 par)"™————' *250,000-8118,

of

1945, the then authorized
of 100,000 shares of com¬
mon
Stock
($1 par)
and 18.000 shares of 4Va% preferred stock ($25
par).
Each of the then out-tanding 6,296 shares of old common stock
($5
par)
was
changed into 13Va shares of new common and into
2-5408/6296 shares of new preferred, so that upon such recapitaliza¬

Earnings Up—

President, in

Montague,

20, stated in part as

"Our sales progress

•

7

.

the

EFFECT TO THIS FINANCING
7
Authorized
Outstanding
100,000 shs.
100,000 shs.

'

'

.

...

capitalization

.

.

.

Co.—1945 Sales &

.....

($1 par). Of
the company,
to be sold by stockholders.
7.77*7-

V

of such

;

.

$7.75 per

recapitalization effective, in December
was chanced so1 as to consist

By

23.

*

stock

cumul.! pfd.

4,/z%

was

Offered—Mention

17 of the offering by Mo¬

Co. and associates at

CAPITALIZATION, GIVING

*-

.;

7

100,000 shares of common stock
15,004 shares are to be sold by

apd 84,996 shares are

The corporation on March 21, 1945, paid a dividend of one share of
United;Light & Power Co. preferred stock for each 500 shares of Blue
Ridge Corp, common stock held.—V. 162, p. 2011.'

Borden

Buffalo Bolt, of the assets of

agreement made last summer.

Manufacturing Co.—Stock

Valley Investing

share of

of

15,

share^on the common stock, par $1, payable Dec. 24 to holders of

record

under an

7

Sale of Preferred Stock—Union Securities Corp. also
proposes to sell 15,420 shares owned by it of the 5M>%
cumulative convertible preferred stock (par $25), being
all of the outstanding preferred stock.
Such preferred
stock is to be sold privately for investment not for dis¬
tribution.
Union Securities Corp. intends to sell such
preferred, stock in equal proportions to its two parent
companies, Tri-Continental Corp. and Selected Indus¬
tries, Inc., each of which will purchase such shares at par
plus dividends for its investment portfolio.
'
7

fron

made in our issue of Dec.

hawk

holders

to

next,

distribution was

similar

J

.

cents

15 cents on Feb. 15, 1944.—V. 162, p. 452.

against

as

of acquisition by
Co.,

Mower

proceeds

No part of the proceeds of the sale

/V

the sale of the remaining 43,386 shares, to¬
gether with a bank loan of $1,500,000, will be used, to pay off $550,000
-of
funded
debt and short term bank1 loans aggregating $1,600,000.'
—V. 162. p. ,2636.
7'■
*.'The

;

..

Blair & Co., Inc.—To Pay 20-Cent Dividend—
"

Lawn

EcliDse

has registtred

consideration

Inc.," in

was

The

company

Pennsylvania

Annuities,

Granting

or

money

at

Bonds

offer

an

price

coupons

the

announced

callable..

now

redemption

of

to Redeem

13

225,

at

purchase

unmatured

office

•

29

Dec.

its

interest,

Corp.—Offers
Dec.

on

The

Corp.

stock is to be received by the company.

with the SEC 58,386 shares of common
stock
(par $1).
Van Alstyne, Noel '& Co. heads , the underwriting
group.
The offering price will be filed bv amendment.
V :. : ;
Of the total registered. 15.000 shares will be Issued to Lee Industries,

7

Bethlehem

Co.—Registers With SEC—

$245,962 '

additional

plated Wf-tjio vear '1945. !

cost,

.

$125.0"*

arisiqg. out

275,000

"701,429

•,

*275,000

$210,413

>*>f the war is contem¬

" S"7' 7' '

* " ; ; '

-

Volpme 162-'Number

4449

THE COMMERCIAL & FINANCIAL CHRONICLE

:

3069

Meeting Dates Changbd-^Because

*

it

statements

tlficates
an

of

indebtedness

approximate annual

Annual, dividend

lative

10,
of

total

a

of

value

of

$1,198,509

the

15,420

$0.34375

record

dividends

for

holders of record on March
declared a dividend on the

stock

common

of

the

of

company

the

same

date,

Dec.

10,

1945,

the

u«".

r»v*

-V

r*j

i

*"

r

eToJ2yeeS
?iMnSrJthsv ftoiii+jpe
it ih
tionvancl' the b?fane?
L Li
*g
«g i
P
y
'
'
history
AND

Of

$31810

As

of

such

Scot

$94 311

bonus

30

Some

nf

n

k

n,

BUSINESS—Company

in

Machine

April,

1902,

the

under

in

started

New

about

leal

engineer,

John

Ward

interest

in!'
foe

hater,

.

in

*

v

,1 "

in

installed.

housing

two

During

steam

frame

Maenak

hammer,

with

5.000-pound

one

additional

World

hydraulic

War

hammers

I

presses,

In

large

a

shop

15,420

using

its

own

macnine

tools,
shop.

press

In

lt/4o,

funds,

furnaces

designed
other

and

The

plant

number

a

equipment.

It

also

tools.

by

The

with

such

constructed

plant

consisted

plant

a

outstanding

of

of

fngols

work

billets,

or

under

The

the

limited

was

:

A

of

to

of

minor

the

After

the

as

in

from

In

the

and

day

then

shaping

and

presses

are

them

hammers

heat-treated

and

heavy forge industry differs from

or restricted inits flow by. im-,

of

stock

to

stock.

forgings arc produced to customers' specifications and deliv¬
smooth
forged, rough machined or completely finisBtedi' with

National

ered

appropriate

heat

Company's
In

treatment

fngir.eer.s

and

determining the best

to

give

the

work

and

the

the

company

for stock, its entire inventory
against existing orders.
'

delivery

demands

of

the

trade.

No

with,
to

forgings
ot work
"

.

in

in*

used

produced

are

agreed
of

customers
be

by

equalizers

rufldcr

stocks

of

Industry;

turret

pelting^ shafts of

special

hollow-bortd

forgings for

the

crustier sh ifts for
and

heat

for

treated

Navy; sugar mill

the mining

for-various types of hydraulic

industries

Paine

and

used

In

the

alloy

roll's

cement

presses

used

presses

stock

reclassification
the

used

steel
in

of

of

burden

upon

the

stock.

'

v

certificate

Jersey

effective,

of

in

filed

was

New

industries; press columns
the linoleum

in

brass

and

and

powder

industries.

other

,E

H

* ' Bateman

%

earnings

feed

crank

press

and

screvi-t

end

-

,

28,

blanks..

gear

shafts,

elevator

shafts

worm

,.

.

and

*

.......

,

,

■

a

,

company purchases its raw material
in
the form
of carbon
steel billets and ingots*.... Such lnirchascs are" made from
whatever suppliers are in a
position to furnish the highest quality
raw material at the
lowest cost. .The company docs not consider that
at the present time it is
at a competitive

Co"

quality: forgings

finished

to

greater

a

1

...

.

...

degree

..

.

-

EichlCr

Co.

St.

.,.1

than

.

-V.

P

Howe_

.* v.;

l. v

E.

■

Howe,

trustee

as

for

■■<■

Mrs.

Kerlin.

28

__

Anna

M.

Vincent

trustees
_

_

under

and
the

Provident: Trust

will

of

Co.

>•

the

!

has

($6,000,000
convertible

The
with

purchase
the

1945.-

■

all

of

terms

of

the

the

■■'1„'

,

shares

771"

...

,

^

.

'

CHANGES
which

IN

FINANCIAL

Union

time

Securities

company,
a
special
to
tho certificate of
stock .of; the

;,V,

was

the

.

,

STRUCTURE—On
Corp.

Sept.

sole

25,

1945,

stockholder

of

at
-the

stockholders'—meeting authorized an amendment
incorporation-to< change the authorized capital

from $500,000, divided itito 5,000 shares (par
$100), ! to
$500,000,
divided into
500,000
shares
of. common
stock
(par $1); and to change the issued and outstanding capital stock
from $77,100, ^divided into 771-shares-(par
$100), -to $77,100, divided'
company

into

"77,100

of!

'certificate

a

effect

of

of

common

stock

were

(par $1).
Following the -filing
the eertifScate-of incorporation
to
of said 77,100 shares of new common
Securities-Corp;, -which thereupon trans-,

amendment

ferred

one

WaitC.it
to

Later."

isaiied

share

to

Union

of

Cok, IH.

the

A.

a-ct.', as directors
on

the

new-common'stock

of the

and

John

company."-:

to

S.
.

<

each

of. S.

P.

Howe,

McMartin,- to "qualify
N

•

dayr Sept.-23.-1945, at aai adjourned, session-! of
the
special' stockholders' meeting, the old by-laws of the
company,
which; provided, for a board of three directors. were repealed, and
same




-

1944

Gen.

statement covThe shares

stock

it is proposed
'

..

convertible

,

present 4V'2%

.

is

to

call

.

common

sale

.

of

•

.

posed

for

general

-

stock

the

to

,

,

.

..

2637.

"

.

'«

The

corporation

plant. at
and

lncome___

on

products.

of

more

in

the, first phases of

than

Among the
plant js the
-

-.

Dec.

J.;

10

for

"

other

$10,009,000

the

and

an

employment
•

;

of

•

about-

750
-

11,3 72,3011.

955,304

2,763,396

2,700,452-

1,523,751

4,398,592

4,490,50t»

7,630.436

$2,521,379

_

$2,712,719

$7,234,358

33,652

3,173,915'
/yl»

14,014:.

.

$2,555,031

r,

2,994,274
'
(
6,641,692

„•

$7,459,654

70,820

39,288

:

$2,726,733

$7,305,177

$7,4$8,942

;; 4,522,576

4,852,143

deducts.

1,497,068

1,614.461

income__

net

$1,057,963

$1,112,27?

$2.782,60U;,$2.8^6,79g

,

,

.

•

'

COMPANY

.

.

ONLY

i 1.945—9 Mos.*-wl944

$530,134

$515,442

10,389
'

V 29,125

4,238

adm.

2,776

8,342

6,639

IS,000

118,000

•■<72,000

$465,542

$1,946,098

cxps.__

than

Fed.

I.. .'

and

excess

28,000 >

Income

'

-

:

$437,507

„

43,594

-

i

.

$1,444,663

$2,130,835
58,394

note

payable___^

$1,322,430

2635.

p.

20.880

20,822

$458,582 ,1,925,218

6,960

6,960

$480,547

$1,301,608

■

Light Co., Texas

—

Preferred Stock

underwriting group headed by The First
Boston Corp. on Dec. 21 offered to the public 100,000
shares of 4% preferred stock, par $100, subject to a prior,
offer under which holders of preferred stock of Central
Power and Light Co. (of Mass.) a predecessor corpora¬
tion, may exchange their holdings for the stock to be
offered.
The stock is priced by the underwriters at
$102% per share and accrued dividends.
The exchange.
basis is share for share

100,000 shares

„

*

deposited for exchange.

are

j
.
of accrued dividends, will go to
will
be
applied, together'with
redemption of such shares of its 7 <>'- gd<r 6'
not exchanged for the new

sale,

exclusive

and

company

funds,

to

the

stock

as

are

Texas

preferred^ Stock of

corporation.

offer

ferred

of

stock

issue

"new
-

the

under

••

,
'

products it is planned
J
to produce at the Belvidere
new^
Celanese plastic"Fprticel". which was
announced

k

"

,

Central

which

Power

Light

&

Co.

shares

underwriting

for

of

with

for

iMass.)

the

new

shares

issue

;

The

First

Boston

Corp,

in

the

of

hot

.

the

taken

-

offering: .-.will

be:

Inc.;-Goldman. Sachs & Co.; Harriman Riolijv & Co..
Penbody & Co.; Mellon Securities Corp.; Central Re¬
public Co.- (Inc.); Coffin & Burr, Inc.; Merrill Lynch. Piercje., Fenner

Blyth
Inc.;

,

of

and

exchange,

exchange;

Associated
•

tho

from

Massachusetts

expires at: noon on Dec. 31; 1945^ is
in connection with the acquisition by Central Power and fyght: Co.,
the Texas corporation, of all of
the properties and business of the
Massachusetts corporation, which are located in the state of Texas.
A group headed by The First Boston Corp.
was awarded: at competitive bidding Dec. 19, 100,000 shares of preferred stock (liar $100).
The group's bid was
1023A for a 4% dividend stock, less compen¬
sation
of
$160,010 for effecting exchanges of the outstanding pre¬

persons
■

OF

1945—3 Mos. r—-1944

income

The

the acquisition
of a new
production of chemicals, plastics
call for an ultimate expenditure

operation.

.

purchase

12,350,855

3,915,620
■i

1,039,371

1

preferred

announced

the

Present" plans

to

offer

an

2,579,638

.(net

other

treasury

••

of Americarr-Acquires New Plant—

Belviderc, N.

related

Trust

purchase

Offered—An

the

*

Celanese Corp.

to

(& Subs.)—-Earnings—

excess

Income ;i_!

Procseds

On this,basis,
plans
have been

.

cash,

corporate

plus a cash adjustment. -V As there
123,398 shares of old preferred stock outstanding,-the
^exchange offer is subject to pro rata reduction if more

application of -the proceeds from the sale of the pro?
preferred stock in -the following approximate
amounts:
for machinery, equipment and-related items to. com¬

p.

corpo¬

,

are

plete the program of, reconversion and modernization of the present
plant In Syracuse, lb) $1,100;000 addition to working capital for the
purpose
of carrying receivables and Inventories, and
(c)
$2,Q00,000
for, the construction and equipment, of a new factory in the Syracuse

-

"

'

<

new

(a)' $2,500,000

area.—V.'162,

this

Guaranty
.

Fed.

t

the

new

.

1,078,477

162,

the:

that

the

...

Mos.—1944
.
1945—9 Mos.—1944 '
$12,726f404 $37,551,552 $35,658,879

1,470,667

EARNINGS

on

than

indicates

2637.

p.

*

preferred stock issue will remain to be redeemed.
statement

-

2,762,983

and

income

—V.

redemption any unconverted
stock.
•'
iVv
'
'

.

i.,1945—3
$12,986,112

Central Power &

; ^

,

riehts to subscribe
the

has. granted

from

announces

927,774

oper.

Net

for

preferred

.

into

162,

Dec.

4,224.831

income

Gross
Int.

at

takes-place b/iore the< record date,.

upon conversion will carry
stock. In connection
with

with

together

profits taxes

in

of

bonds

from

revenues

and

In .view of the ,present market price of the common stock it is
anticipated that, because of conversion only a small Porti®n of the

'

to

Siegener

the

stock

that conversion

used,

such

-

*>5,821,000

common

/,

$1,900,000
interest.

Period End. Sept. 30—
Total income

preferred stock.
into

Mass.—V.

company.

1

the foregoing changes; all

stdck

them

shares

registration

a

of

ten. years

Commission

borrow

taxes

and

the'

'

was; completed, -in
agreement, on Sept. '18, '-

purchase

-preferred

stock,

made

auditing and other expenses incurred by Union Securi¬
in connection with its investigation of the' business and the

purchase:;

new

4/s'r

legal,

accordance

SEC

par)

for

>>

preferred

4 Va%

present

■

:

-

-

Corp.

with "the

filed

total

a

M, due Sept.
at the Old

market by Dec. 31,

1944

$5,799,000
-

.

Net

Other

Taxes,

be

to the extent

shares of

with

ties

$5,756,000
1945

shares
to

preferred

On

certain

:

*$5,886,000

the: common'Issued

{•

Sept. 6. 1945, Union Securities Corp. entered into an agreement
.the
selling stockholders,
under
which
Union *Securities
Corp.
agreed to purchase from them all, but. not. less than
all/ of rhe 771,
shares of capital stock of the comuanv af a mircha^P

Earnings-—
1945 'V

-

made

NOTE—^Consolidated net iricome includes approximately $420,000: and.
in the respective 1945, and .1944 nine-month periods. which
not be distributed as dividends ,to the company because of).prior
years'
dividend arrearages on the preferred .stock of a subsidiary

Corp.—Registers Preferred Stock—

120,000

The

257
257

-

Boston,

1946

series

be

could

record date which Probably wil1 be in the early part of January.
and,

_

,

'

'

,

will

$335,000

2,500

preferred shares are to be offered by the corpornt-on to its common
stockholders for subscription, pro rata, at the rate of one share of
new Preferred for each four or five shares of the common stock, depending upon the number of shares of common outstanding at the

of

Philadelphia, as
Warren Maenak__^v--"_--;,iila____

Traffic

-

—___—_____—

Exchange
to

1%%

be

to

all""of

Consoi:

2,500 V

—

and

at

interest

Gross

5,000

-

is

Income

Int.

-r'".
Rallwav-

V

28

D.

"

Milk St.,

3.

bonds,

...

2939.

expected

are

-H?

Constance

t-

;

The 12(>.000 shares of preferred stocic represent the initial series of
if new class of preferred stock which the shareholders will be asked
to authorize at a meeting on Dec 27 Substantia ly all of the new

201

daughter,

5,000

.

45

Jan.

on

3'/a%

Payment

■

5,000

mc'~~

<

1,341,836

mortgage

income

5,000 •

1,341,836

interest.

trustee,

permission

sum

profits

Inc

'

Cri

$3,247,612

111,820

Central & South West Utilities

Fed.

rate to be set forth in an amendment to the registration statement
in which the dividend rate also will be established. Harriman Ripley
&
Co,,
Inc.
and
Hemphill, Noycs & Co, will be managers of the

o-wned

Savage
Ward

RiOren

$3,050,734

Maintenance

a

-

'ftharei

..:'..iV'r;:.V..-V':'

How£Tas~trustec~Yor"som'samuel^Howef"jr;iZi3iCi:^

E.

t'ooo

Pirific

Corporation

" ering

hereto..

...

.

v.

Anna

•

Securities
the

and

Fed.

•

S.

•

and

Depreciation*
Taxes, other than

5.000

"~-r"~

general

Operation1

-

7

Corii'""

I

p.

Carrier

OF
CONTROL—Prior td Sept.
18,
1945,- the
authofized capital stock of $500,000, divided into
5 000
$100), of which 771 shares were issued and
outstanding,
All of the '771 shares were owned
by the following in the amounts
shown opposite their respective names"
-

Anna

5?2 " SUt
?*g2o '*> St?iucl 2

"

Co

^

162,

<k

and

Operating

"vi

v-v

Co

1,149,610

$275,800

111,820

Period End. Sept. 30—

below,

5,000

&

122,012

895,951
1, 258,437

tax

109 \'z

income

an

.

shares

—t

Week .End. Dec. 14-

(par

:

of

5.000

Lester

755,827

The Central New York Power Corp.

h'.

.

7 600

74,713

,

Loughridge <fe Co—^—u>.
Republic Co.
c0

74,708
240,163

on
or
before Dec. 31,'"1945, at 123 plus
1, 1945, to date of delivery and payment:
Payment will be made upon surrender of the bonds to Guaranty. Trust
Co. of New York, 140
Broadways New York, N. Y. The purchase offer
will expire Dec. 31, 1945 —V. 162, p. 2939.
'
^
V
"f *■'

severally

>
(Inc.)

000Dempscv~&

10

~

Ca

ACQUISITION

■->

,

5,000

iinc

'■! 2, 179,833

$179,619

at

accrued

Bosworth, Chanute,

"

2,165,980

28,393

profits

the open

any

»

r

names

Parker

182,367

of

1945, all or part of the $1,901,000 noncallable first
mortgage 50-year 5r/o bonds due June 1, 1951, of the
Syracuse Lighting Co. predecessor company. Payment is to be made
at 123%
of face value. plus accrued interest.

Philadelphia

;

7 traffic Earnings'

.company owns no patents of any significance, - nor docs' It
operate under patents, rights or licenses owned
by others which are
significant to Its business.
..vr.'."V"
■-.=

shares

j

121,993

$7, 610,226

tax
(ppr*
surtax)

of New York

in

Provident
;

•

»•

$7,122,151

E

first

v, This

-'

>

49,298

$654,892

requirements-

1972,

ration

Bacon, Whipple & Co._l._V

-Vlv/.l

TvS-

-

The;

pariy hod

and

respective

Redpath

>

•

10000

Traffic earnings

competitors with respect to costs of raw materials.
The company proposes to 'continue
in the same general character of
business, but on the basis of; experience
acquired during the- war
period
in
the
mrnufacture and
finishing of intricate forgings, its
efforts will probably be directed In the' future to
the manufacture

higher

their

l^'ann

1

Si.

:

\

disadvantage with integrated

of

'

~^y

..

alloy

fore.

;

div.

The

1945.

Central

fJinadisn

......

The;

and

York,

<9,062.

t

y 4,808
$674,518
180,028

...

Central New York Power Co.- -Bank Loan Approved—
Offers to Purchase Bonds—

in order to eliminate

******:■Securities Corp.^,.^,000 ^-j^g'oren ^Co

eccentric

$7, 488,233

Colony Trust Co.,

incorporation of
the office of the

Sept.

on

and

Auchlncloss,

oa'cno.
As

'
Sons-lnc' i*

iJ'Sher iid
'-ffiSU

industry, lit... also makes

240,941

$7,072,853

%

the

of

,

Shares

"

produces shafts,
reduction
gears
and. other special
co
foe. manufacturers of geneiating..
equipment-for -the electric *
Adamex SeeuritW
vfcry large-shafts f6r hydro-electric installa*
tlons.
In
addition
to
these
heavier, forgings,
some -'of
which are'
__tr
!«•>
mentioned
above,
the
company
makes
smaller
forgings,; including '
AO-» P;
forgings

20,460

$645,830

inc.

income

$60,000

its

to

U

i=>nnn

Lemon

Rol'in Ss

20,036
$669,710

1,266,368

Portland.

'y Partial Redemption of Bonds—
yy There have been called for redemption

a

Number of

Jirkson

aTco"""

j0hhston

326,530

excess

Pfd.

stock,

sale

•

opposite

'

cane;

300,763

than

the

wide public

preferred

named
below -have
Securities Corp> the number

Union

forth

'

'

and * other *

crushing

28,120

and

Net

made

was

providing

to

reasonably

a

amount

common

directors

view

a

shares:

"

Webber

shields

Company- alSo

power

set

-

177,318

Curtis

04.264

24,086

income

Fed.

common

underwriters

purchase" from

p.?^1 H^hivts
:--:

68,832

effective.

and

acquire for private

the

of

stock

.

rods, crank pins and
railroad
and
railroad
equipment: industry;
propelling machinery shatts for the shipbuilding
training gears and pinions, turret roller paths, pro-

1,305,191

7.JK6

amort,

&

mal

>

Number of

for. the

106,083

5,711

■.

State

of

D.D.

1945—12 Mos.- -1944

$15,620,523 $17, 285,659
6,852,484
7, 869,323 >

Fed.

—

Income
Deductions

Fed.

the

Philadelphia.

for

and

$0.22

111,373

f

'

1

municipal.

Secur.

lease

Accel. ;

and Selected Industries, Inc.,
the annual cumulative dividend

that

became

yyy.y,:/ '

Tne,company's products Include axles, piston
car

1944
$81,756

$0.25

1945

687,544

Net

V

Shares

process

$90,849

$1,494,799

Gross

i

the

being

to

-common

aggregating

2813.

p.

.

1945—Month—-1944

oper;i:incomei--i-v
Non-opeiy income.^..
V'-1'

Corp.

changes,

State

UNDERWRITERS—The

properties,

closely

treatment

heat

meeting

physical

required

•

metallurgists

materials

."*•

Bank,

162,

480,865

under

RR.

.

:«■

was

of

of

made

was

with

with

permit

common-

the

such

to

shares

177,330

The

undue

no

the

effect
of

ol"

value

par

preferred

made

was

amendment

to

of

REGISTRARS—y^hase' National Bank.tNew

_

Heavy

America,—V.

corporations

consider the
and to Feb. 7,

$1,291,745

Fed.—other

common

there

TRANSFER AGENTS—Irving Trust Co., New York, and
"Trust Co. of Philadelphia. •
.ny.;.:.-.':' r.' y""".*"".; • ;V.'

rough or finish machined.
the drop forge industry in" that

of

to

revs.

and

Rental

connection

stock

common

aggregate

the

consultation

such

create

for

In

-.<?■

either

both

Corp.

Rayon

exps.

,

State

and

ronlmin'stodt'1 stoclc:nnd each " the du'cctors hcW throe .shares of

?

refining their structure by
plain or flat dies. * The resulting

on

and

of

stockholders

of

Tubize

2656.

p.

Social

fractional shares,'.Union Securities Corp. transferred to each of the
directors 7/10ths of one share of common stock in exchange for V3th
.of one share of-preferred stock held by each of the directors. ' After

'

161,

Taxes—
/

change

$77,100

stock.

reclassification

Corp. desired

amount

an

.

and

result

a

reclassification

;

housing mainly-Government
the company's machines
*'

of

later

increase

an

common

the

to

amount

common

would

certificate

been

directors

of

Corp.,

Rayon

of

to
stock¬
re.ating to
postponed until

statements

the

share

common

Period End. Nov. 30—

capital
account
the
sum
of
capital of the company
after the

Tri-Continental

Secretary of State

additions

boards

meetings

,

per

Operating
Operating

to

the

the

common

available

company,

the

outstanding

stock

Corp.

the

companies,

company

buildings

pw^sTonfindto!3- 18 n0t COnflned

:i

of

determination

Securities

requirements

its

to

on

held

company

account

when

to

as

Securities

Union

parent

special

added

of

preferred

amount

which

'

Central Maine Power Co.—Earnings—

of

> >l:J. '

•

svsjss.

products

v

be

Union

-the

Department

separate

few

a

to

distribution

heat

authorized

the

shares

surplus

of

sufficient

press

company and* the installation therein of a few
balance an.1 major portion of the Government's

of

shares

Such

of

of

■

9." Navy

U.

consisted

machinery
-

built

from

determination

>stock

•

the

company's property.
Part of
to the
buildings of the
machine

and

2.3

reclassification

company.

and

stock

stock to be outstanding

~

treating building,
were
constructed, all" being financed out of the
earnings of the company.
In 1938, the maunfacture of certain very
large forgings requiring special machinery was undertaken.
Company,
again

and

machine

and

holders

common

stock

the

The

special

of

Tubize

of

corporations,, has

Ended Sept. 30—
'
charges and taxes*:L—^

after

—V.

being effected by a reclassification of each one share
stock into one-fifth of a share of the new

company

new

a

the

;V,'

•»

stockholders

also

$485,730,
so
that
the aggregate
" reclassification
was
made
equal

iron.

all-metal

machine

a

outstanding

transferred

holidays.

mailing

and

said

to

the

with

hammer

1915,

of

paid to

was

•

meeting

capital

$1)

of

9 Months

Net

Earned

$562,830, divided into 15,420 shares of 5%% cumupreferred stock (par $25) and 177.330 shares of
stock (par $1'),' such increase and change in the issued stock

preferred

his

v -:i •"•• '
hammer

sheet

the balance

and

shares,

The meeting

issued

v

Centlivre Brewing Corp.*—Earnings—

,

convertible

of

in

of

special

of

1906,

certain
steam

covered

turning were added.

which

In

to

3,000-pound

one

3,000-pound

built

was

John

of

-

passed

qualifying

$1).

(par

common

one-third

a

the

latiVe

associates.-'
until

owners

purchased

■

of

wooden

a

Mafenak's

sole

death

company

1

.

consisted

rough

es

shop

the

1

John
as

engineer,

After .the

interest

plant

of

remained

marine

.(par

stock

incorporation of the company by
March, 1903, S. P. Howe, a mechan-

interests

Howe
a

building having

u

were

the

P.

additional

one

SfV,
all-metal

the
In

-

company.

his

,

a

n

tools

the

original
In

S.

Kerlin,

1940,

:i"
-

.ocated

associates.

and

D.

in

-

January,

before

year

acquired

Maennk

when

'

a

and

the

postponed

V '

;

,

issued

-

second

a

stock

and

Maenak

•'

the

corporation

merger

merger to Feb. 6 in the case
in the case, of Celanese
Corp.

was
elected
secretary
and
the former secretary and treas¬

Kerlin,

this

:

,

not .been,-possible to. obtain clearance of the proxy
Securities and Exchange Commission by the date

contemplated,

of

proposed

have

company)

D.

the

after

theretofore

was

(liar $1) to ^50^0, divided into 16,000 shares of 5%% cumulative
convertible preferredstock (par $25) and 250,000 shares of common

1903.

Camden,

the

(who

Scpt 25 1S45> a further amendment of the certificate of incor-'.
poration of the company was authorized to Increase-and change the
authorized capital stock of the company from $500,000 common stock

forge

John

the

Qn

Tway Steel Forge, and
its
name
was
changed to Camden Forge Co.
in
Company is part of what is generally known as the
industry, with its plant and principal office located at
Nv J.
The present business arose out of a similar business
Co.

April.
neavy

and

directors'

At

.

of

name

of

Siegener

A.

resigned.

Union Securities Corp.

the

•

incorporated

was

by

tn

<

•

holders

declaring advisable the further changes in the
capital stock of the company.
Of the total
disbursement, aggregating $1,200,447, $1,200,385 was received

dividend

,

amount

:

-

originally

Securities

resolutions

authorized

iq^ Inlrl
1

k

p

,

had

H.

and

succeeding Ward

who

adopted

,

o'

■

nff

«

Jersey

*iu

tn

104S

Dart

Union

by

same meeting, the board of directors declared a cash dividend
the 77,100 shares of outstanding common stock of $15.57 per share,
on Sept. 28,
1945, to holders of record on Sept. 25, and also

on

directors

of

control
' 1

,

payable

passed a
resolution
abolishing
the
Reserve
for
Estimated
Additional
Costs
Arising Out of War in the aggregate amount of
$825,000, which reserve
is
shown on the balance sheet of the
company as of Sept. 30, 1945,
and
restoring the amount of such reserve to earned surplus account.
Also, on Dec., 10, 1945, the board of directors passed a resolution
pctihiichi.so.
board

of

At the

Feb. ,v

on

1946.1

treasurer

.

treasurer,
urer,

acquisition
'

vice-president

as

assistant

cents

15

P®.f ^. payable on March 1, 1946, to holders of record
-5,
On

elected
elected

preferred

the

to

1

special, meeting of . the "board of directors held at the con¬
of
the special stockholders'
meeting, S. P. Howe was
re¬
to the presidency of the company,
Waiter S. Cox was re¬

a

clusion

payment

stock, each in the amount
share, one payable on Jan. 1, 1946, to holders of
27, 1945, and the other payable April 1, 1946,' to
15, 1946.
At the same time the directors

per

Dec.

on

the

on

prior

*

*

At

of 5xh%. cumu¬
$21,203.
On Dec.

shapes

preferred stock
($25 par); total
board of directors declared and set apart

the

quarterly

directors

Corp.

'

**

»

of

having

and

1

$10,097.

on

convertible

1945,

two

with

income

requirements

has

by

<fc Co.,
Kidder,

by'this' corporatioft on "Get. 17*. last.' Celanese Plastics Corp.,-a wholly
'subsidiary, - will sell the • products manufactured at : the new*
.

owned

plant,

ft'

.....

watt-Stated

at-Newark,
amounting

N/
to

by the company that
J., will continue and

23%

over

the^ next

operations at Its plastics plant
that an expansion of facilities"

two- years,

is

)p

progress.

•

»

Stubbs;

The

'■

ben

Co.;

&

Wisconsin

E.

M.

Company:

Newton

&

Dean,

Co.;

Kirkpatrick-Pettls; Company.—V:* 162,

Witter

J. J.; B.
"p. 2617:

Co.:

Hilliard
: -i
• •

Merrill;
&
•

Tttr--

Son,; and

)perating
["otal

revenues

Net

237,906

$160,154

Jeductions

_

taxes

amortiz.

stock

Pfd.

require

$1,253,944

loo

Marx

7,632

317

$693,127
144,0-11

$58,920
13,260

$1,261,576

;'v

2701555
,

—„'

Balance

162,

-V.

2638.

p.

v

125

Co._!

&

100

Parker

Red-

&

"

path

Whipple

Barrow,
Jack

$457,38,1 )

Bass

100

Co

&

100

Co

&

100

;_Zz_

Bernhqimer Co.._z
__
125
Stearns & Co._/—l__1,300

Baum,
.Bears,

v

._

Leary'

M.

375

& Co..
Bond Co,, Inc._

Bankers

■The

202,540

.

375

___

—

Bacon,

$659,921
.

-

$549,116

$45,660

;i

and Co,___
Aub

Auchincloss,

Biddle,

,

|;q

directors

The

19

Dec.

on

with

compares

jjuly

Ftotal
Ivor

|paid—V.

in 1945
1944.

162, p. 1389.

^

..

.

Caldwell

F.

C.

Clayton

193428—.

Securities

.Cohu
C.

Cooley &
Co._

Dain

M.

&

'•

M.

John

Francis

I.

'Clement

Marshall___^_L_l_

Foster

&

Glore,

Forgan &

shares of common stock
series A preferred stock.—V. 162, p.

&

,

-

Inc.___„_

Co._______

&

Lee_____

possible

order.

as

possible,

r

-■

•

-

Bruce

Hill

alphabetical

to arrange companies in exact
However, they are always as near

position

Inc.

V A.

&

Space

Weeden &
Weil

2939..

125
150

Corp.

Co., Inc.—

150
125 '*
150

E.

Wood

F.

J.

F.

S.

& Co
Yantis & Co.,

—.

amounting

Inc

amount

Commission. '

Commerce

8,965 miles
miles operated

will

or

on

company.

the

before

pay,

1,

in

May

of $248,825.

sum

the
in¬

and for a sinking fund for
each of the years 1946 to 1969,

to

covenant

as

CALENDAR YEARS

-

•

-

Revenues

Charges

$9,428,159
9,495,392

$11,271,003

1936-"—98,082,411

14,652,556

100,151,212

14.590,856

9,683,602

93,070,136

13,405,751

9,763,988

96,131,794

13,306,804

9,645,465

97,631,242

14,051,015

'

1937

5,157,164
4,907,254
3,641,763
3,661,339
4,392,864
10,419,142
28,646,920

117,521,355

20,229,600

165,289,325

38,447,368

217,952,483

37,200,006

9,658,151
9,810.458
9,800,448
8.968,742

240,637,400

33,387,498

8,740,376

28,231,264
24,647,122

outstanding in

the hands of

2

—

__

__

funded

debt

of the

company

to

be

will amouat to $189,067,936 principal
amount,
a , reduction
of $62,490,441, or approximately 25%
since
Dec. 31, 1941.
One year's interest on such debt will amount to $5,854,782, a reduction of approximately 39%
from the $9,564,643 interest
charges
(including $230,178 interest on conditional sale contracts)
in the y?ar (1941.
public

as

of

1945

31,

Dec.

.

PURPOSE—Pursuant

to

an

for

invitation

dated

tenders

Nov.

26,

tenders of $32,470,000 of its general
mortgage 4%
bonds at 120 and $17,295,000 of first and refunding
mortgage 4V2%
bonds, series B. at 123, together in each case with
accrued interest.
Delivery of bonds tendered and payment therefor
company

to

made

be

accepted

has

on

or

before

Dec.

31,

1945.

to be received by the company from the sale of the
($49,834,666,
exclusive
of
accrued
interest),
together with
$10,402,184,
from
the
company's treasury,
will be applied to. the
The

proceeds

bonds

payment

accepted.
said

of the tender
Ih
addition,

price
the

of

the

company

bonds
will

for

sell

the

which
accrued

pay

tenders were
interest on

•

bonds.

AGREEMENT

to

.

Rise—-

1945—48 Weeks—1944:
$10,229,123 $89,311,028 $89,277,795

'

Columbus & Southern Ohio

Electric Co.—4Sk % Pre¬

ferred Stock Issued in Exchange—
,
A
total of 103,841 shares of new 4%%
cumulative preferred was/
issued in exchange for 6 % cumulative first preferred and 6 Va %
cum¬
ulative preferred series B stocks, pursuant
to the exchange offer of v
the
company.
The balance (29,904 shares of 4Va% . preferred) not
needed has been removed from registration.
See also V. 162, pp. 2143,
2639, 2815.

■

,

FOR

entire

SALE

OF

THE

BONDS—Company

ispue of $49,765,000 of

series

of

f
i




has

1970 27/8%
,

agreed

bonds

,

.

Exchange

Stock

declared a quarterly dividend of $1 per;.;':
payable Jan. 2, 1946, to holders of record
Dec. 21, 1945, and a quarterly dividend of $2 per share on the class A
stock, payable Dec. 31 to holders of record Dec. 21.—V. 161, p. 2216.
The

directors

Commonwealth Edison Co.—Weekly
/.excluding

Cincinnati Street Ry.—Earnings—
profit.

Net

a—_

passengers./—

Revenue

and percentage comparisons with
Week Ended—

Dec.
Dec.

Dec.

NOV."

1945—11 Mos.—1944
$667,033 / / $664,240

(& Suhs.)—Earnings-

31—
profit——

net

$2,444,129

Applic.

and exc. prof.
—.'/_'
minor.-ints.
long term oblig^.

Int.

on

Net

CI.

A

(est.)

prof, applic. to co.
and com. shs.z.

Earned
cl.

—V,

1,785.300

4,715,100

124,964

96,545

280,565

238,062

10,402

119,814

$793,845

$433,-508

$1,625,160

1,209,540

1,608,401

$0.99

$0.49

shares—

A

162,

1389.

p.

Inc.,

Inc.—Merged—

below.—V.

tHifi

hour

adjusted

corporation

162,

'

p." 669.

'

r

output of electric energy of subsidiaries
to show general business conditions of

territory served for the week ended Dec. 13, 1945 amounted
494,891 as compared with 271,846,483 for the corresponding
1944,'a decrease of 26,351,592 or 9.69%.—V. 162, p. 2940.

to 245,^
week in

,

;;V.

Distribution—

%
dividend of
of 10 cents
per share on the $1 par value participating first preferred stock, both
/payable Jan. 15, 1946. to holders of record Dec. 31, 1945.
A similar
year-end
extra distribution was made on Jan.
15, 1945.—V. 160,
p. 2756.
/zz;
j X
Community Frosted Food Co.—Extra

i:

/

directors

The

.

five

cents

per

on

share

Dec. 17 declared a year-end extra
and the regular semi-annual dividend

v

Cl.eycland-Cliffs Iron Co. (&
3

Months Ended

Total

Subs.)—Earnings—
1945
$2,276,213
36.992
488,576

Sept. 30—

income

Intjerest

on

for

deprec.,

Prov.

for

Federal

Adjustment

debt__________
/depletion and amortization-

long-term

Prov.

of

income^—estimated/
provision for prior year
—
taxes

on

Net- profit
Preferred
Common

Earned

per

■
.

common

377,000
' " ' '162
609,048
408.296

•

—
—

1944'

r

[

$1.87

share—

$2,260,065
48,628
566,027
,

Community Water Service Co. (&
12 Months Ended

293,400

609,048,
408,296

Gross

$1.81

The

company's

of
for

depletion and amortization for
the period of three months ended Sept. 30,
1945 was $850,826; 1944,
$864,937
(including cost depreciation arid depletion In the amount
of $61,769 (1944, $5,832)' applicable to sales of real estate, timber and
equipment), of which the applicable amount of $300,482 (1944, $293,079)
was
charged to surplus arising from adiustment of properties
for Federal income tax purposes.—V. 162, p. '565.
'/■' ■
(2)

Total

(net)

amort,

of

expense,

Preferred
-

dividends

Minority

.

.__/_

debt discount,
premium
etc.,jof subsidiaries_:
of subsidiaries-——

interest-//

provision for depreciation,

,

and

pense,

■'

Net

—V.

—

amort,
of debt
of company

discount

etc.,

income—.

162, p. 2815.

$2,485,958

1,323,726

1,317,460
534,286

534,286

9,392

$616,802

$624,818

350,504

351,418

$266,298

$273,399

ex-

——

-

'

end

$6,597,611
3,662,534
443,967
5,150

6,530

—

Balance

Interest,

1944

3,839,367
362,846
5,150
$2,481,345

expenses,

income——

Interest,

proportionate share of net profit
subsidiaries, not consolidated, not taken up, amounted to $253,086
the' period of three months ended Sept. 30, 1945; 1944, $282,142. (
NOTES—(1)

1945
' $6,688,710

—

maintenance and taxes___
Provision for depreciation and
retirements—
Amort, of property account adjustments-—
Operating

$1,348,211
.

Subs.)—Earnings—

Sept. 30—

Gross earnings.—

3,800

$1,373,483

—

dividends,
shares

.

Corp.—Weekly Output—

1,209,540

$0.36

$1.01

of

$1,192,666

1,608,401

and

com.

per

r

kilowatt

weekly

The

115,110

44,520

„

elected Vice-President and
of Industrial Relations,
of industrial relations,
announced on Dec. 12.—V. 102, p. 2940.
been

Commonwealth & Southern

4,321,200'

1,480,800

Freeman

Charles Y.

Pathe-Industries,

See

$5,867,038
z

to

Vice-Presidencies—

Cp^nmonwealth Securities,

Mos.—1944 »j

$6,740,639

$2,325,755

and

inc. tax

norm.

1945—9

1945—3 Mos.—1944

Period End. Oct.

to

Comptroller,, has

Gressens,

Chairman

Stores Co.

City

Promoted

Officials

Comptroller, and Roy A. Dingman. Manager
has
been
elected
Vice-President
in
charge

2939.'

p.

/__—
200,033,000
—_z
192,198,000
l——zZ_—_—197,011,000
24_/<
—Z/
181,595,000

8—/

Otto

114,033,670 111,631,297

1944

1945

-

period last year.

past four weeks,
*
,
/
% Decrease
209,898,000
4/T
208,424,000
7.8 7
206,377,000
4.5/ .
190,696,000
4.8

last year:

15

0

"

—v: 162,

to

a 4.7%
decrease from the corresponding
Following are the kilowatt-hour output totals of the

«

1945—Month—1944
$59,411
$59,092
10,069,842 10,226,487

sales

Output—

Commonwealth Edison group of companies
other electric utilities, for the week ended Dec. 15,
of the

jshowed

has

/

Period End. Nov. 30—

19

Dec.

on

share on the preferred stock,

1

Co.—Listing of Securities;—

/:J

Corp.—Declares Dividends—

Commercial Controls

,

authorized the listing of $45,.-"
500,000 first mortgage bonds,
2%% Series due 1975, and 270,000
shares
of cumulative
preferred stock/ 4% Series (par $100), all ok
which bonds and preferred stock are issued and outstanding.—V. 162,
p. 2939. *
'
'
>
; *'
t
York

New

taxes

Net
Income
$1,842,844

.Fixed
Charges

.for Fixed

,

,

162, p. 1509.

Cincinanti Gbs & Electric
The

Fed.

./

$82,925,209

are

£176,709

£93,453

£98,118

V —V. 162, p.' 2515.

Co.—Earnings—

surtax

'

Available

Operating

/

1935——__I

1945,

admitted.—V.

are

Consol.

•:

Railway

Ye^rs

The

.

$11,638,235

—

Electricity output

• .

.

SUMMARY OF EARNINGS FOR

the

'

1945—4 Weeks—1944

Period End. Dec. 1—

of

operates

of the

194-1

in

£29,917

We

Sales./

.

•

3.940

54,742

67,695

56,977

'

Colonial Stores, Inc.—Current Sales

$2.95

Company

clusive,

♦.

£20,294

£21,622 in 1942.—V, 162, p. 2268.

.

100
.375 j

Wright

'

railroad, of which 8,436 miles are
529
under lease or contracts; The first
and refunding mortgage, in the opinion of the general counsel of the
Company,
will constitute
(1) a first lien on 479 miles of railroad
and on certain stocks of bridge, depot, terminal and other companies,
and (2) a second lien, subject to the lien of the general mortgage, on
*7,854 miles of railroad, on equipment not subject to equipment obliga-.
tions,
and on
305,262 shares
of the capital
stock of Colorado &
Southern
Ry.;
and,
giving effect to
this financing, there will be
pledged under the first and refunding mortgage $142,762,000 of gen¬
eral mortgage bonds
(approximately 80% of all- of the bonds issued
under the general mortgagei on which basis there will be $1,025 prin¬
cipal amount of general mortgage bonds pledged for each $1,000 prin¬
cipal amount of first and refunding mortgage bonds outstanding /in.
the hands of
the public or pledged.
As of that date there will be
$21,346,400 of first and refunding mortgage bonds unpledged in the

bonds,

127,851

drilling
expenditure
on
producing ^fields
1945, £27,030 in 1944, £26,509 in 1943 and ?/

"Including/ intangible

.

Company
owned and

treasury

,

.

25,761
15,762
18,558
—14,459

——

_„—_/Z____

Profit
1

.

Chicago Pneumatic Tool

905
,

r

217,S76

^

Interstate

the

by

1945; due Aug. 1,

1,

Aug.

57,951;
13,360

adjustment—

150

& Co.———

Woodard-Elwood & Co

300'
125

rj.

125

,

,

depreciation-

1942

900

375

Harold

125

for

Prov.

-

£393,210

,

227,965

exps.,

/Inventory

.

9C0

'

etc.

500

—

;

239,465

and gen.

Admin,
•

-

£395.487

1944

£409,721

900

expenses

Arnold.—100

&

/.,.

fees

'

1943

1945

income^,/-/--—*■

"Drill., produc, and field

Hattier & Sanford—
The White-Phillips Co., Inc..:

100

;:Laird, Bissell & Meeds_____-_
162, p.

—

Co

Directors'

White,

Co.____

Leedy, Wheeler & Co.

Co

Total

;

♦

Ltd.-—Earnings-—

£331,970

End. June 30—t

3 Mos,

100
400
225
225

Welsh, Davis & Co.__
'_
Wheelock & Cummins, Inc../

150

Kemp &

&

Thomas &

W.

$550,423

$557,626

period

Colon Development Co.,

1970.
r 1
I
- * *
(Including domestic sales'company)'
• , ;
,
'
Principal and interest (Feb. 1 and Aug. 1) payable at office or agency
9 Months Ended Sept. 30—
'
.
'
1945
1944
of company in New York.
Definitive bonds will be in coupon form in
Profit
after
charges.—
—___
$7,446,211 $14,195,657
denomination of $1,000, registerable as to principal only, and in fully
Prov.
for
est.
reconv.,
renegotiation, Federal
registered
form without
coupons in
denominations of $1,000 and'
tax and contingencies
^^/__/_—
6,009,000 12,686,000
authorized multiples thereof. BOnds will be redeemable on any interest
date, as a whole or in part at option of company, or in part from
V tNct profit
time to time through the operation of a sinking fund, upon not less
$1,437,211 $1,509,657
thah
60
days' published notice,
the initial redemption prices being
^Earnings per common share—/-—/.
$2.73 J '
105%%
and
102%%
of
the
principal amount,
respectively, plus
^On 335,320 shares,
tlncluding realized profits on sales to foreign
accrued interest.
V'%V:v;z:VZ%
subsidiaries".
*
t
v
*:
In the opinion of counsel, these bonds will be legal investments for
NOTE—Results
of operations of all foreign subsidiaries
are exravings banks in California/ Connecticut, Maine, Massachusetts, New
eluded.
No
provision has been made for the possible liability in
Hainpshire, New Jersey, New York, Ohio and Vermont, and for savings
banks organized under the general laws of Pennsylvania.
connection
with
certain "patent litigation ' decided adversely to the.
domestic subsidiary sales company as no damages above a nominal
The issuance and
sale of these bonds are subject to authorization';
Dated

10,000

*37,505,'.
'% —////• S

•

few

a

•paid or accrued thereon.T—V. 162, p. 2639.

225
225
125
100

& Co.—

Wachob-Bender

Co.,

Kidder & Co._;

M.

—V.

'

j-m

Townscnd, Dabney & Tyson.

100

Co

&

Hill

Lane,

_:

Thomas

Qulncy RiL—Bonds Offered—
Mention was made in our issue of Dec. 17 of the offering
by Halsey, Stuart & Co., Inc. and associates of $49,765,000
1st and refunding mortgage Series of 1970 2%% bonds
at 100.80 and interest.
Further details follow:
Burlington &

Chicago

E.

" 150

B.

27,500

'';

days after: the announcement of VJ-Day"practically
all
major war contracts with the company were cancelled/
There¬
fore, shipments during the latter part of August and the month of
September sharply
declined.
Reconversion has progressed rapidly,/
although the difficulties encountered in obtaining materials, supplies,
machinery and equipment have considerably retarded peacetime pro¬
duction.
,
1
1 ;
The above profit
figures for 1945 include those from transactions
which are subject
to renegotiation under the provisions of the War
Profits Control Act.
The effect of renegotiation proceedings cannot
be determined at this time although any refund of profits that might
result would be after credit of the amount of applicable income taxes
Within

Inc.—100
200

Boyce__^

for

Profit

,

200

Co.—— —

Co._—/._/—/———/

&

Thomas

Hor.nblower & Weeks__^____l,100
Johnson,

12,582 W-?
29,418

contingencies

for

Provision

-

Suplee, Yeatnmn & Co., Inc.Swiss American Corp.——-—

600
200

Co

&

&

Walter Stokes

100

Inc.__

Co

&

Kenneth

alphabetical
'• V; ;;y;^

Stix

200
375

&

Hawkins & Co.,

Heller,

it is not always

reasons

1,685,110
1,059,687

for post-war adjustments— /_/—.—/z'•
Reduction in reserve for post-war adjustments ; Cr75,000.

Showers

Bros.

Stein

100

Hayden, Stone & Co..

mechanical

NOTE—-For

726,944

Provision

Co._

Minton & Co.,

Sills,

100

Haupt & Co

Robert

'w■■•(•'•v.-

.

/

1,251.570

exch. loss on foreign assets

Proy. for unrealized

,

100

Singer, Deane & Scribner___
Starkweather & Co...i—

Inc,________ 300
Co.___^.______i.l,300

Hannahs,. Ballin
Ira

'

•

adjustments—_
taxes on income——/-'

Estimated

.

Company..-.

&

Robert

100:

Co.________ 1,300

Cook,

Hanauer

B.

$8,939,049

'

Inc.——__1,300

Shields

Son,

J.

trust certificates representing
and for $112,174,000 par value

2939.

&

Hallgarten

appointed as

been

has

York

New

voting

for

York

New

in

registrar
2,123,214

of

Co.

Trust

Guaranty

,

Scott, Horner & Mason, lnc._

-Graham, Parsons & Co.__
500
Granber.v, Marache & Lord-' 500
-Green, Ellis & Anderson..
375

,

&

Schwabacher &

1Q0
300
100

Inc.__________
.Field, Richards & Co,
1
The' First Cleveland Corp.__
Co.,

Gregory &
,

Rice

F.

roy,

...

&

$0.66 f

19,44
>
,$8,934,425

1945

End(?d Sept. 30—

9 Months

Schoellkopf, Hutton & Pome-

Elkihs,
.Ferris

805,734

"

■'

"

-

Net;sales_—Z__
Profit before estimated taxes pn income and

>

125
Riter & Co.—- 375
The Robinson-Humphrey Co.
225
L. F. Rothschild & Co.——-M.300
Daniel

L. Day &

R.

-Dempsey

"

.

..

Curtiss, House
J.

/ 805,734
'
$0.66

;

z'

162, p. 981.

34,300

$535,635

$535,025

Coleman Co., Inc.—Earnings---

,

Inc. *
•; 100,
Rauscher, Pierce & Co., Inc,/ 100
Reinholdt & Gardner-./-.— 100

.Cruttenden &

$569,935
*

125

Wm.

F. L. Putnam & Co., Inc.--—
The Ranson-Davidson Co., %

&

J.

——

—

share

per

1944

.

34,160'

1

shares

Earned
—V.

1945

'

taxes

N^t. profit
Common

'

taxes___^__i/____/_——$569,185

before

income

special

Pollock & Co., Inc.—

E.

.profit

Federal

Co.—/:—__-,_l,300

Phelps, Fenn &

Collings & Co

Courts

Net

-100

''Li—

•

■

Sept. 30—

9 Months Ended

Chrlstensen,

Writer &

Peters.

Inc;

Greenman

Appointed—

Registrar

100
—

Corp.-

Julien

20'!4

The

&

sale

'

125

._J———_

dall, Inc.

Torrey

C.

i

i,

100
100

New

the

Cliffs Corp.—Earnings—

•>

.

Ohio Company—
'& Co.__~1,300
Pacific Northwest Co.*_——
125
Park-Shaughnessy & Co.__„ 15d
Patterson, Copeland & Ken¬

200

Corp.__

;•

Bonds—

Schotter,

-W.

Ave.,

Jor

Otis

125

Co.Z______

Co._

&

estimated reserve for
(On 321,920 common

Treasurer of the Pennsylvania RR., 380 Seventh
York, N. Y., will until 3 p.m. on Dec. 31, 1945, receive bids,
to the company of general mortgage bonds as of Jan. 2,
1946, to an amount sutiicient to exhaust the sum of $31,550, at prices
pot exceeding par and interest.—V. 160, p. 2181,

-.v. H..

v

100
150
150

Baydean & Smith.--

O'Gara

-

taxes,

contingencies.
;%vr'

rehabilitation, - and for
162; p. 876.

945,352
$2.59

1,299,070
$3.70

Cleveland & Pittsburgh RR.—Seeks to Buy

■

& Hano________-' 100
Cook & Co.200

The

100

& Co.—

National

H.

Newhard,

-City" Securities Corp.—Z_—

.

,

Alfred

Co.__.

Phillips

Cassell

Central

Chicago, I\£Ulwaukee, St. Paul & Pacific RR.—Listing
|of Securities—
The New York Stock Exchange' has authorized the listing of the
[following securities: . ""
" " ~• ••
^
.
] <a) $59,515,100 first mortgage 4%. bonds, series A, due Jan. 1, 1944.
<
(b) $57,256,600 general mortgage 4'/2%
income bonds/ Series A, due
Jan. i, 2019.
"
; •
- 1
'
(c) $51 422,100 general
mortgage 4Ma %
convertible income - bonds,Series B,
due Jan. 1, 2044; and;'(d> voting "trust certificates ,re-. i iating to 1,121,740 shares of Series A preferred stock "(par $100), and
ivoting trust certificates relating to 2,123,214 shares of its common
block (no pari, with authority to add to the list voting trust cer-'*
tificates relating to 514,221 shares of its common stock,' upon notice ,
of issuance in connection with the conversion of its general mortgage
4'/2% convertible income bonds, Series B, due Jan. 1, 2044; 1,121,700
Shares of its Series A preferred stock
(par $1.00), upon notice of
| -issuance in connection with the termination of the Chicago/ Mil¬
waukee, St. Paul & Pacific RR. voting trust agreement, dated as of
Dec.- 1, 1945, and 2,637,435 shares of its common stock '(without par),;,
upon
notice of issuance in connection with the termination of the
voting trust agreement or in connection
with the conversion of its'
general mortgage 4 Vafo convertible income bonds/ Series B, due Jan.-V

Nusloch,

and Co._

Cahn &

-Frank B.

"

'f,

.

125
125

Lough-

Z_.
&

Monroe

Braun,

___

Chanute,'

& Co
Bradford

C.

Co._______

Co.

ridge
J.

W.

Newburger

;

and

Newbold's Son & Co.__

100

loo

Co._Z

Eosworth,

22.

payable Dec. 29 to -stockholders of iecord Dec.
8 cents paid on Oct. 15, . last,--7 cents- on/
14, 1945, and .6 cents on April 14,
1945. Dividends
40 cents 'per. share, - as compared
With 29Vt- cents -in
the fourth
quarter of last year, a dividend of 9 A cents was

cents per share,

rrhis

&

Boettcher

:

100
200

Co. of Omaha.

Federal

including

charges,

shares.—V.

Morau & Co.______—
Mather & Co.:

The National

Whelen & Co,^.v..^.; 100

Bioren

Dividend—
declared/a fourth-quarter dividen^
Pay Larger;

Fund, Inc.—To

Chemical

post-war

100

Co.______——

&

100
Morris
125
McMaster. Hutchinson & Co._
100
Wm. J. Mericka & Co;, lnc.%: 125
Metropolitan St. Louis Co.__ 100
Milhous, Martin .& McKnight, .•? —
Inc.
"
!_!
100
E. W. & R. C. Miller & Co.__
100
Minsch, Monell & ,Co.'____—,• 150
Moore, Leonard & Lynch____ , 225
Mullaney, ' Ross & Co.--.
375
Nashville Securities Co.___^_
150

125

E.

A.

125

Corbett, Inc.

Martin, Burns &

all

"After

1,418,492
$4.09

963,068
;
$2.69

(Earnings per share—"

$150

Co.__________

&

Mason,

Inc.

Atwill

331,100

■___

S. Bleichroeder,

and

Arnhold

.

$60,582

Brothers

Almstedt

186,000

$73,674
13,092

div.

Locwi

$32,832,343 $16,635,474

$38,642,300 $44,134,507

profit

1942 _! \

1943

1944

1945

Sept. 30—

sales

•■."Net

Omlt'd

Omlt'd

Halsey, Stuart & Co., Inc._$17,465
Allison-Williams Co. 1
150

212,600

16,000

income

Net

25,634

'

and exp.

of debt disc,

,

$1,348,714
'256,987

39,200;

49,000

inc

on

Vcceleration of

v""

$123,754

$161, G90
22,416

income, __z_/_/

Gross

678

inc.—net

9 Mos. End.

,000 -

Co.—Earnings—

Cleveland Graphite Bronze

i

Net

,000

2,722,745

$1,348,397

$123,076

936

income—

oper

Jon-oper.

"ed.

—

exps.

oper.

persons,

$3,97b, 689

$4,164,461
2,816,064

$374,839
251,763

$398,060

together with accrued in¬
delivery, to the several

amount,

from Aug. 1/ 1945 to date of
firms, or corporations listed below.

thereon

terest

1945—11

1945—Movtth—1944

Period End. Nov. 30—

principal

their

of

100.13999 %

at

Corp.—Earnings

.Public Service

Central Vermont

1945

Monday, December 24,

COMMERCIAL & FINANCIAL CHRONICLE

THE

_

\

•

.Volume 162.

Number 4449

THE COMMERCIAL &

Compo Shoe Machinery Corp.—To Retire Pfd. Stock—
The

.

of
'•t

has

corporation

its

called

for

redemption

outstanding

convertible preferred stock
this purpose will be obtained

The funds for

loan for ten years.—V.

161, p.

1421.

March

on

at

15,

$52.50

through

next,

share.'

per

;

Sales

—V.

Operating
Operating
Approp.

that

for

of

Taxes

electricity

4.6%.—V.

for

162,

amounted to

,

the

week

kwh,

common

1945—12 Mos.—1944

Elk

res.—

of

adjusts.

517

than

517

690

this

1,772,030

2,390.701

2,720,863

3,277,966
2,789,200

646,216

-

i

$9,819,025 $13,270,559 $13,299,370
91,011
128,849
124,585

The

Income

deductions

income

Divs,

5%

on

pfd.

r

$10,429,070

—..——

$9,910,037 $13,399,408 $13,423,956
2,269,896 p 2,276,073 . 2,996,257
3,036,538

p

2940.

1

%

cumul.

[>8,159,173

Consolidated
directors

the

on

of

record

Dec.

on

common

14

declared

stock, •: par

Feb.

1,
1946.
1945.-1.■ ; v". •-

during

$1,

cumulative

amount

was

%::v
preferred

deferred,

since the company
retirement of this issue.—V.

has

paid

Net

each

no

*

quarter

value

par

consideration

plan

a

161, p. 2657.

$1,375,000.

1944

'

1942

$524,494

v

$555,484

Charles

1

i

chosen
a

Chairman

of

Vice-President,

elected

the

board.

F.

elected

was

Secretary.—V. 162,

•

Erwin

Sales;,.:„.^,...„.L,
—V. 162, p. 2269.

$1,184,308

L.

The

of

$0.15

$25,000

for

Federal

Div.

and

excess

and

depletion

il—.

Operating

41/2%

on

share of 6%.

per

162,

Interest paid on bank
(Other expenses (net)

i' Profit
tT.

•

S.

Dominion

'

prior

pref.

ul{ Incomes taxes
Excess

.

7

367,350

taxes

269,237

.

Net profit for

:

would

not

affect

SEC

Dec.

on

/'the application of
"'

from

listing

fective

p.

announcfed

closing

of

the

$3,630,059
■xy-*-.-:

$3,676,732

the

trading

its

The

Power

'.
•:

stock.

stock

:

session

v.

sold

at

of

&

e.

,

of

record

cents

-

$2.55
A

v

directors

share

on

Dec,

each
per

stock

*-

made
,

this

Stock

Dec.

Exchange,

v

1945.—V,

15,

162,

162,500 shares
■'
'•

its

—V.

ef-)/

four

total

quarterly
paid

in
'

-

year-end dividend of $1.30 per: share
19, 1944, which brought total paid in that year to
v. 158,. p.- 982.
: :

($20 par)

Corp.—Preferred

$180,298 -




the

of

deliveries

First

are

North

former

the company.
been received for the
scheduled for early in
heads

to

it

reasons

Re¬

formerly, gen¬

'

mechanical

Amer¬

the

from

is

not

A

.

.

always

companies in exact alphabetical
they are always as near alphabetical

arrange

possible, V

as

,i'>-,

.v;

:

•

Placed

'

.

"

of

r

paid

$2.30

per

holders

on

25

on

non-operating

of

sale

\
$576,903

$356,639

132,886

148,497

294,326

$208,142

$282,577

for

•

$174,635

$2,003,799

kv. 436,953

/ '■ 475,472

3,163

V

$1,905,265

37,404

taxes

13,616

15,282

11,042

$153,253

-l;

$223,424

$293,619

25,000

57,000

90,000

$128,253

taxes

$166,424
$15,554

$203,619

,

—w—•—-—

Capital expenditure plant and equip.
ASSETS

CURRENT

'

$18,808

AND

$41,318

LIABILITIES

CURRENT

18,603 '

18,734

.

36,049

revenue—r_

before

profit

Provision

$121,402

$134,063

"-'-'/.r

$1,548,111

Current

$1,411,190

Cash

r,

'77,652

77,652

$1,470,460

$1,333,539

22,247

.19,798

/ "

30th

-

$1,546,108

3,245,387

162,

available

for div.

2941.

p.

and

surplus

Taxes

51,750

1,223,435

1,085,028

supplies—

756,177

718,900

832,535

$8,683,187

$8,028,118

$83,508

$87,034-

304,477

304,624

317,245

25,463

60,679

190,930

$448,810

$595,310

$8,494,175

and

111,950

1,624,716

$8,234,376

$7,432,808

companiescost—

at

smelter

..

Current

Wages

$1,399,543

$1,488,492

;l__

332,887

183,950

'—

$70,783

associated

mine

liabilities:

;

/

payable
payable

payable

.

146,566

161,106

$5,725,917

$3,383,513

at

listed

$400,723

Mill,

.232,368

$1,649,598

,

value

those

,894,897

in

inventories

Total

,—

of

"

$1,313,740

201,386

,*

(Market

1945,

$6,131,662

198,391

cost

at

$142,210)''
Metal

.

$1,448,212

receivable.-—

accounts

Sept.,

Invests,

$1,448,212 ; $1,313,740

Associates—

Assets:

and

Securities

;—

_______

Net

assets•:

.

.

—V.

Inc.—Weekly Input-

162,

p.

1390.

Federal

tional; Power

during

1944

&

Light

were

Co.;

compared

as

follows

as

With

thousands

(in

the

of

corresponding

;

American
Electric

Power

Power

For

t'

Light Co._/
Light Corp.—

&

week

,

1945

&

&

Power

the

of—

172,449

Dec.

6.

Oper.

'

the

91,558

8.6

/.

Excess

7,642

;

7.2

•

-

4,861,476

4,756,060

retire

180,300

169,391

696,160

660,070

taxes——

133,855

501,222

558,035

377,799

142,326
243,526

1,310,894

937,958

$275,450

$300,459

$1,240,977

$1,266,345

8,212

43,586
1,849

150,051

223,090

9,848

34,761

15,562

$293,510

$345,894

$1,425,789

$1,505,003

108,682

107,208

425,685

430,603

116

13

638

510

$184,713

$238,674

$999,467

$1,073,890

'-

profits

taxes—

,

income

oper-'

ating

companies of
Ebasco Services
Inc.- which
are
subsidiaries of
American Power & Light Co., Electric Power &
Light Corp., and National
Power •& Light Co., as compared with the
corresponding week during
1944 were as follows (in thousands of
kilowatt-hours):
:

..

y'--"

Operating subsidiaries of—-

"■

Power

&

Power &

National

Light Co

1945

Pet.

Amount

171,742

186,078

80,763

92,801

Light Corp.__

Of

-

■

14,336

•

"

"/

of

Co

income

Preferred

5.1

"

•

dividends

Balance

$4,790,606

Earns.

$3,737,844

-

-

share

(&

cluded

$39,511,769

of
;

Subs.)^—Earnings—

income

''Earnings

The,

1S45,

earnings

for the

Massillon

•—V.

all

162,

p.

charges and taxes—.-

common

the 393,750

-■^On

of

after
per

of

share

shares of
E.

L.

period May
Aluminum

983.

after

common

Tebbets

acquired

$816,319

1' \

$1-42

$1.56

i

from

current

for

the-earnings

the

statement.

earnings

of

those

Dividends

subsidiaries

of

162, p. 2817.

companies that
received

disposed

have' been ex¬
company'in .excess

by
of

during the period
1945 and have been excluded from, this
.

,

'

.

.

,

.

*

(John J.)
The

—$676,563
dividends-*.- '

$1.14

its

of

Felin & Co., Inc.—7% Stock Called—

company

on

outstanding

at

$100,

par

Dec.
5.561

called

for

shares of

7%

15

dividends.—V.

and

158,

redemption

on

cumulative

p.

Jan.

l;

next, all

preferred stock,

par

1347.

stock."

Spool

1 to Sept.

Co.,

preferred

_____
m

aggregate $239,277 to Sept. 30,

Earnings for 9 Months Ended Sept. 30, 1945
Net

257,571

$743,321,

on

shs.__

com.

substitution

1945—11 Mos.—1944

$47,719,246

per

.

524,903

statement.—V.

Co.

256,146

64,037

$174,637

■^Represents dividends and interest received by company from current
of subsidiary companies disposed of during the 'period in

'

Products

64,037
$120,676

,

•

earnings

162, p. 2391.

Ekco

Co.

13.Q

1945—Month—1944

.,

COS.

deduc.

Net

7.7

12,038

98,037'*.' 103,293'V', 5,256

Stoi*es, Inc.—November Sales—
lil-

Sub.

Misc

do not include the system inputs of any companies
162, p. 2816.
j • t

Period End. Nov. 30—
Sales

disc".,, etc., charges

Int.,

appearing in both periods.—V.

Edison Bros.

income

Gross

—Decrease—

1945

Power & Light Co.s___-;, V

The above figures

not

Dec.

share,—:

1,056,777

&

Operating income
*
Current earnings
Other

client

$8,178,472

1,130,991

Maint.

:

11.2

10,283

System inputs of

and

1945—12 Mos.—1944.

$8,610,728

—^—

—

income

Subs.)—Earnings—

(&

1945—3 Mos—1944

$1,912,479

exps.,

Deprec.
Fed.

Traction Co
$2,098,395

revenue

taxes

Pet,.

•

16,188

105,537

97,895
1945

Amount

188,637

81,275

Light Co.—_

ended

1944

Sept. 30—•

Operating

week

kilowatt-hours),:

Light &

Period End.

For the week ended "Dec. 13,' 1945, the System inputs of client .-oper¬
companies of' Ebasco Services Inc.,
which are subsidiaries of
American Power & Light Co., Electric Power &
Light Corp. and Na¬
ating

to

:-,yp

r

^

1945

30,

June 30, '45 Sept. 30, '44.

$103,588

deprec.__

&

before taxes.
sundry invests.

profit

Other

•.

was

SEPT.

$236,474

r—'

development

Operating

Accounts

Electric

.

$1.55

payments of
1945 amounts

ENDED

QUARTER

operating profit

Deferred

Privately—The

'

THE

■>{<'.<-';■ Sept. 30, J.45

753,265 "

•

2,739

minority' interei__:_L___

Utilities

American

exchanged by holders of 8% stock un¬
der an offer made in May.
The new money received
by the company will be used in the development of
2107.

section

a

2816,

p.

However,

Quarter Ended

Gross

$2,658,530

I:,

36,157

;
to

Ebasco Services

of the shares not

p.

F-24.

the

162,

Net' profit

—

National

owner,'Electric'

corporation 'has placed privately with a group of insur¬
ance companies through Merrill
Lynch, Pierce, Fenner
& Beane 8,936 shares of 4% cumulative
sinking fund
preferred stock (par $100).
The stock was the balance

products.—V. 161,

of

position

$2,352,506

732,850

.

•/;.y

special

Dictaphone

leased

in Grand Prairie, near Dallas,
Corporation,
Robert McCulloch,

,.

granting
par)-/

special year-end dividend
par $1, payable Dec, ->20 to

year,

has

'

6,755,866

$2,736,649

Earnings of subsidaries as above—
Non-subsidiary income,—_—

—V.

,

$232,060

Baia'nce

Balance

($250

a

stock,
Together with-the

13.

already

share.

declared

common

being

possible

v.

Inc.—Special Year-End Dividend—

recently

the

on Dec. 14 announced the award
Engineering & .Manufacturing Co.,. Ltd..
Fairplane
completely, utilized for military procurement.

the manufacture of the
1946 model of
F-24, stating that Fairchild's facilities for

of North American's Dallas plant,
substantial volume of orders has

a

model

Airplane Corp.—New Contract—

President,

Texas

I

fyy

order

Ai

Delaware Fund,
The

Mr.

V 306,024

co.—_—

>/. 'Total

34,153

,

an

competitive bidding by

.

per

1944,

$804,592

volume transacted in
Martin L, Straus 2d#

the

over

1944

1945
$1,322,933

2941.

162, p.

&

Jr.,

for

FOR

$2,416,922
319,727

Applicable to E. U.

Light Corp, •• -;"
f.y.' • ;
•:
.■
1
The registration statement said that If the
securities are sold to non¬
affiliated interests, Dallas will have ceased to be either a
subsidiary
or
affiliate of Electric or of Electric's
parent, Electric Bond & Share
Co.—v. .162, p. -982.': •.
*;

/

on

NOTE——For

V,

26,460

■> 57,425

;

g.

Eastern

Terminal,Co.—Registered With SEC.
;

be

30,

Finance

year.—V.

V

$11,437,059

6,803,786

$222,098

Applicable

$3,767,883

2515.

p.

Chicago

.

will

Nov.

factory

manager

the

<

-

33,566

common

has registered with the SEC

company

common

43%

concern

IP/. Already,

'/'■

1945—12 Mos.—1944

-

;•:> 6i,8oo

aecrls..

res.

Operating subsidiaries

■>

rose

the

were

Aviation

eral

Decrease

Dallas Railway &

period

Engine
to

well-known

Subs.)—Earnings-

$205,600

deductions__..__„_

b:

$3,862,036

$3,596,493

issuance

The

on

with

2641.

p.

Sept. 30, '45 June 30, '45 Sept. 30, '44

1,819,357

i5io. i;

yy The

"

$5.47

29,491

Balance

i

2,096,417

1,430,619

withdraw

to
registration

company

compared

-

V

•';

taxes—.1',—;—.

ended

Tex.,

Texas

$2,047,557 I,

$6.32

$192,607

■

Preferred-Dividend Deductions:

35,212

2,112,244

earnings.—V. .162,

company

and

the

at

6

the

left

162,

*527,170

Gross" incomer—

-

Misc.

$7,717^10

Cunningham Drug Stores, Inc.—Delisting—
The

Dallas,

1

■:

r
•

This

10.

outstanding,

warrants.—V.

and

Ward,

contract

1,108,729

$2,364,470-

Expenses, taxes and interest _/l__i—_____; :

net

A

pointed out.—V.

Carlton

a

1,801,515

Interest. 'and. amort.L__-

NOTE—No provision for renegotiation of sales to' the; tT.'
S. Govern-tpent has been made because it is believed that
profits recapturable
any,

1,108,729,

648,882

(.net)

"

Retirement
•

388,243
n

1,804,074

35,551 ?

—

Dec.

stock
the

of

.

1,901,236

revenues.,

i Cr61,192 f;;/

2,'218,052;

Ltd.)—

period.I

of

as

common

2,815,658 •:

45,819

oper.

i

if

$11,173,351

105,842

Net

1,828,834

$7,172,922

Profit after taxes—————
$3,712,283
Minority stockholders' equity (prin- V i
''y

Mills,

J,

Net

.•

-/

Pacific

of

the

months

nine

ican

$3,156,286

' 596,352

1

56,935

_

160,765

Balance

-•

*

Cipally

for

Faircliild

.

taxes:

(net)—-- .4i,;

'

90,000

charges

The

5,201,407

'$953,614 $11,770,827

580,411

—L,—,

taxes)

4,150,812
.

300,286
' ' 17,052

$7,734,409

A.

profits

A,

Francisco Stock Exchange that
shares of expiring 4Va% pref¬

San

the

the

Falconbridge Nickel Mines Ltd.-r-Earnings—
(&

$990,719

35,034,305

1,944,075

A

—

Calif.

exercised

been

shares

production

$5,971,944

stock—

1.945—Month—1944

inc.

-V:

$49,094,024

31,550 yyyy 38,552

Canada

sales

child's

$3,473,199

.

(incl.

Non-oper, incoine

$48,590,322

4,241,681

loans___.

of

the

1944

•

5,141,448

preferred stock_,L____*.:

revenues_/__
Operation* A/l—

^

V

1,863,918

?

taxesi___C-_—I

before

and

series

stock,

preference

cumulative

advised

Profit

4,517,953
,

lbJ,

;

2816.

p.

Operating

t'

1943

269,211
;;

-

:

had

order.

Period Ended Oct. 31—

..

1944

211,812

i.

has

warrants -on

earningsafter

President,

,

1945

expenses

stock

Net

Of-

.$5,529,443
2,056,244

-

•

requirements

Earned

'

$50,574,575 $50,504,435
36,059,395 ,:-36,789,867

Depreciation and amortization
Depletion yi-iZi.

4V2%

9 Months Ended Nov. 30—
Net

profits

excess

$10,670,891

Balance

—v.

was

$10,064,978

$50,128,298 $50,000,759

sold

of

San Francisco,

construction

,

Subsidiaries)

'

—

goods

and

1945

!?■> Net income..

Inc..234.465 *•/", 234,465 y'-V 234,465
of

shares

449,414

1946

1945—11 Mos.—1944

$10,999,008

Corp.—Earnings—•'*

(Including, Canadian

Total

each.—V.

cents

Eversharp Inc.—Earnings—
:

$14,244,493 $15,632,881
profits taxes.
3,573,602
4,459,530

Taxes

Cost

25

.

Associates—Earnings—

Eastern Utilities Associates

-

Other operating income (net)
Dividends from Fibreboard Products,

of

payments
,

recently called for redemption on Jan. 1, 1946, at $52.50
accrued dividends of 56'A cents per share, will be
at The Bank of California, National Association, 400 Cali¬

of 'the

with

;income/____"liJ/t-

incomef

for

Maintenance

Crown Zellerbach

income

Interest and debt discount-^.-

-

Up 17,4%—,

$1,008,155

....

6 Mos. Ended C>ct. 31—
Sales (net)

and

$1;

15,

plus

company

36,561
erence

$472,632
def27,880
Nil

has

McManus

quarterly

$20, all payable Jan. i»,
Payments on the common
on
March 1, June 1,

par

1945.

26,

Jan.

were

fornia St.,

i
-

■

-

Walter

1945—Month—-1944-

1

director

a

26,

Dec.

On

••'V'iN:

f

Crown Drug Co,—November Sales

.

Period End. Nov. 30—

and

the

of

redeemed

1944

$599,049

—

:

"

Depreciation
."

McManus,
who
was
Fusting, who continues as

Treasurer.

2639.

p.

1945

„

Balance--

Crown Cork & Seal
Co., Inc.—Personnel ChangesSecretary-Treasurer
succeeding Charles E.

Nov;

stock,

preferred

record

.

share,

per

t

'

12 Mohths Ended Oct. 31—

McManus, Jr., Executive Vice-President, has been elected
succeeding
Charles E. ; McManus,
who has been elected
Chairman, of the board.—V,
162, p; 2815.
^

J.
Nagle, formerly
elected President,

and

the

$1. per share on

dividend of

a

Emporium Capwell Co.—Redemption of Stock—-

:

„

share

common

E.

John

of

follows:

as

412,853 sharees before exercise

*33,967

provision

Provision

President,

been

Si—'•

Total lccnsolidated

'

7.

p.

second

holders

declared

17

$20, and the regular semi-annual dividends of 7U
preferred stock, par $20, and of 60 cents per

2218.

All

-'V/'"
■
•'
''*'' V-'
Simpson, President stated that the company's new fluorescent '
"Safreen," is being received enthusiastically by commercial and >£
industrial users.
He said that
the -new lamp gives 20 %
more
light
than tny practical
light- heretofore manufaceurted.—V. 162, p. 2391.'

'

1943

$405,827

V.

.

the

Crown Cork International Corp.—New
President—
•

Philadelphia, Pa.—V. 161," pi £555.

———————i£x

Eastern Gas & Fuel

1945

Dec.

on

par

first

the

on

to

which"

Walter

>.

After all charges hut before
Federal'taxes.—V. 162,

1940.

Agust,

$1,375,000

of

profits—$253,192

*

since

'•

light,

Cosden Petroleum Corp.6 Months Ended Oct, 31—
•Net

After

taxes. '

was

for

*

sales

Net profit
Earned per

yyy /f/pyy J'y.yy/ 'y
dividend action on the
of

the management to the stock¬
The company, a -West Virginia

receivership

in
.

were

p.

1,031,250

Corp.—Earnings—<

.3 Mos. End. Oct.

.

that
stock

under

in

of

view

a

stock issues of
terminating tne

various

represent

with

'

a

announced

convertible

Com-

dividend of 50 cents pet share
payable Feb.
15,
1946,
to holders

•

like

A

Hany Woodhead. President,
$1.25

Duro Test

•

Vultee; Aircraft Corp.—Declares
Inon
Dividend—May Retire Preferred Stock—
The

:

to

formed

been

been

the

Sept.

$7,633,963 $10,403,150 $10,387,417

1,031,250
7,750,180

Stock—i

com.

share
1946

1st

stock
on

trustee, 15th and Chestnut .St.,

r

V

:

*

Formed—■

Corp.—Committees
committees

have

has

stock,

on

stock

—_:

_

'

'

p

Coal

directors

cents

income

.

—V, 162,

company

2641.

p.

.

common

'

stock.

3,

Jan.

on

the

Ely & Walker Dry Goods Co.—$1 Common Dividend—
$10,339,944
V
89,126

revenue——

income

Gross

2515.'

,

preferred

SEC

involving

601,419

•S 455,250

p.

cumulative

cumulative

the

before

claims

receivership and returning
was announced on Dec. 9.

it
corporation,

-1,376,969

<•. Divs.

8%

.,of

stockholders'

holders,

2,463,537'
4,025,863

1,376,969
459,033

.

corporation

8%

held

be

corporation

company's

690

1,787,763

income

Net oper.

stockholders

the

of

162,

Horn

Three

plant

on
6,350,842
Dec.
9,795,367
3,
8,503,670
1945, voted to reduce the
'
—V., 162, p. 982.
from 552,200 shares
^
consisting of 12,200
preferred stock
(par $100), 40,000 shares
of $2.75 cumulative
preferred stock (without par
value), and 500,000 .1
Duquesne Natural Gas Co.—Partial Redemption—
shares of common stock
V
(par $1),
to 540,000 shares consisting of
/•:
The
has called for redemption on Jan.
company
40,000 shares of $2.75 cumulative
1, 1946, $40,250
preferred stock (without par value),
of general and refunding mortgage
and 500,000 shares of common stock
7% bonds dated July 1, 1933, at
(par
:V;'yy.'y-y
100 and interest/
Payment will be made at; the- office of The Penn/.The Certificate of Incorporation .was amended by^ striking out
the provisions thereof relative to
sylvania Company for Insurances on Lives and
the
Granting Annuities,

Capital
shares

will

settlement

such.—V.

1,537,500

Net

Consolidated Retail Stores,
Inc.—Capital Reduced—
The

=

retir.

increase

an

hearing

the

.

(other

Other

with;

compared

last year,

of

Mos.—1944

2,497,500

System output of electridity

194,900,000

corresponding

194S, on a
and National
Power & Light Co., a subsidiary. This plan provides for the complete
settlement and discharge of any and all claims against the
and its wholly-owned subsidiaries by National, its present subs.tnanes
and certain
of its
former subsidiaries and their security holders as

,

inc.)

2940.

p.

,

taxes__

and

to

186,300,000 kwh.

A

for

$3,652,904

Fed. excess profits taxes
State income taxes—-v

Federal

purchased),
for the week ended Dec.
16,
196,900,000 kwh., compared with 190,800,000 kwh.
the:
corresponding week of J 944, an increase of: 3.2 %>■ Local disf

tribution
of

announced

1945—9

utility

of

acquis,

Consolidated Edison Co. of New York,
Inc.—Output—
19

$4,304,538

3

Electric Bond & Share Co.—Settlement Hearing Jan.

20.7%—

1945—4 Mos.—1944

$977,041

$32,625,283 $32,672,503 $43,850,544 $44,110,004
10,940,011
11,369,308
14,668,680
15,394,778
1-,804,267
1,887,503
2,421,473
2,536,375
3,262,523
3,267,250
4,385,054
4,411,000

*

expenses,

to

Amort,

,

generated

revenues

Maintenance

.

amounted

p.

Period End. Sept. 30—

The company has filed with the
SEC a registration statement cover¬
ing 80,750 shares of common stock ($1 par).
Holders of the com¬
pany's outstanding common stock will be oifeied the
right to subscribe"
for the new shares at
$10 each in
the ratio of one new: share for
each fotir held.
There will be no underwriting.
: V
f. Proceeds
will be used
to enlarge the
company's Chicago plant, to
purchase additional
machinery for its West Roxbury, Mass., plant,
and for
working .capital.—V.; 162, p. 2815. • a,,,
v."- «; ; •
;

The company on Dec,

162,

1945—Month—1944

Duquesne Light Co.—Earnings-

■:-t

(electricity

Corp.—November Sales Rose

—$1,179,510
2816.
:

y

Consolidated Biscuit Co.—Registers Stock—

1945,

Stores

Period End. Nov. 30—

$500,000 bank

a

V:"./;

■

Diana

all

3071

FINANCIAL CHRONICLE

30,

Co.,

Inc.,

acquired

have been .included.

June

18,

1945,

also

are

;

April

27,

Earnings
included.
■■

Fibreboard
The
for

company

modernizing

—V.

127, p. 266.

Products, Inc.—Expansion—
is

reported

its piaper

to

mill

have
and

under

way

a

> "

$1,000,000

program,

converting plant at Antfoch, Calif.
-

'

t

offering 35,100 shares of com¬
(no par) at $8.50 per share. Of the stock 11,700
being sold for the account of certain stock¬

stock

shares

are

holders.
York.

Rector Street, New
X50 Broadway, New

and Transfer Co., 2
TTnited States Corporation Co.,

Registrar,

York.

will be added to its general
funds and used as additional
working capital to finance inventories
and accounts receivable and to provide cash balances.
the company

PURPOSE—Net proceeds to

'CAPITALIZATION

and

1946

due

loans

served

423,400 shs.

'

York City.

'

.

OFFER

,,

in

r.

the

•

is engaged in the manufacture and sale of Broadloom
carpets,; including all grades of Chenile, Axminster,
construction.,
Mills are located at Firthcliffe, Newburgh

The

Velvet

and

in

all

and .Auburn,

capacity of 6,325,000

represent a gross sales
Broadlooins

on

now

•'/

SUMMARY

5,574,628
4,855,136

2,903,644

136,692

$8,448,378

1939—1940——
1941

9,028,693
12,224,690

-

*

8,927,653

1942——.
1943

-

—

1944——

-

v

46,886

$70,125

"Including

reserves

138,534

•

•f'

204,886

7

0109,410

:

86,534
income

from prior years'

provided

7

no

:7

required.-

longer

583,859

Cr6,453
52,000

102,957

v-j

y-'. .7

/ JC..

public

involving >a

not

a

■

$1,596,000: miscellaneous notes end
ments,
$224,978;
property,
plant

plus

share

per

dividends in liquidation."

accrued

in

the

'

closely

suppliers of

commissions were paid.
and was not registered
the company to be trans¬
The

Commission's

,

Other

'7:7

Transfer /
^
Delaware

was

name

Electric,

181,331

for

Prov.

252,555

239,187

1,006,101

adj.

18,750

18,750

75,000

Fed.

111,000

100,334
4.095

10,835

169.044

707,705

Co., Inc., (Del.) which in turn owns V
outstanding stock of Health' Cigar Co., Inc.,
(N.
Y.)
and of Simpson, Studwell & Swick, Ltd.,
(N. Y,).
" .
Company and its subsidiaries are engaged in the business of man¬
ufacturing and
selling cigarettes and smoking tobacco and selling
cigars manufactured by others but under the company's specifica- 7
tions.
' 7, •
•
•,
-, >• '
' ■-■•/ 7. ■ ./•'//-/v-?1'The
products of the company and its subsidiaries are sold in a 77
highly competitive market, although certain of their products differ
in
essential
respects from
other tobacco products on the market.
To date the company has not engaaged
in any extensive advertising
stock

common

all

7,

its

brands

to

an

advertising

and

.

principal products of the company and its subsidiaries are: 77
Sano, Stratford, Sheffield, Mapleton, Banquet and Coffee-Tone cigarettes;
Bowl
of
Roses,
Stratford,
Mapleton, Patterson's Rum and itMaple, Patterson's Rum and Honey, Sano, Shannon's Irish Mixture,
Cambridge Arms, Jameson's Irish Mixture, Antique and Blue Heaven
The

smoking tobaccos; Personality cigarette tobacco; and
The
company
also
sells
cigarettes under the
Chukker Ovals,
Grandeur, English Type Virginia,
and Thomas Jefferson Chums.
'
Health

also

(Del.),
cigarettes for others.
Cigar

Inc.

Co.,

Prior

the

to

- , t
wholly-owned subsidiary of Health
manufactures various private brands of

(N. Y ),

Inc.

Cigar Co.,

organization

Sano cigars.
brand names of//
Imperial Russian^

a

the

of

cigarette

- company

brands

were

37,245

Co.,

Tobacco

Ltd.,

to

Sheffield

since

their

and

appearance

cigarette

Banquet
on

Y.)?

until

its acquisition

1,

1945,

all

Oct.

the

brands

market by Health Cigar

by the company.

deduc,

/

$2,420,360

247,031

992,790

1,082,144

$289,607

$1,427,569

$1,438,741

38,600

200,500

205,739

$328,207, $1,628,069

$1,644,480
interest

Federal

in

"'Reduction

surplus

;

50,100

-

//income taxes
Balance

$2,520,885

$536,638

$361,570

v

Brpther

'^Resulting from deductions,
in consolidated returns, for
amortization charges on securities of indirect parents (in

process
of the Bankruptcy Act), which
consummation of the Plan of
Reorganization of such parents.—V. 162, p. 2641.
1 . 7 '
of

will

untfl its acquisition

by the company,

--

■

////■'.''■.-,/7/.V

available

be

r.ot

Gloversville RIt.-—Earnings—

Fonda, Johnstown &

1945—Month—1944

Period End. Oct. 31—

Railway
Railway

oper.

53,643
'$21,134

$2.9,094

$252,113
60,000

revenues

oper.

expenses.
n

fr. ry. opers.

Net rev.

income

Federal
Other

ry.

'/i

522,821

•

$272,107
.

the

4,114

35,662

36,209

income

oper.

$11,572

.

$24,980

$156,451

$235,898

870

18,599

Net

ry.

$24,110

;7':*$10!081

inc.—

oper.

of

shares

of

stock

for

by
the
company
and used for general corporate purposes.
Any shares
tendered back to the company will be satisfied from the company's
general funds.
■
,
"
CAPITALIZATION

'

i

°To be outr

Authorized

6%

curaul.

Common

<To be

preferred

stocks

(par

outstanding

stock

$10)

completion




150,000 shs.

150,000 shs.

750,000 shs.

(par

$1)
upon

standing
t517,686 shs.

of this financing,

fIncluding

;

^

'"'•;77.:...-

Corp. (& Subs.)—

/'■' ":'y. *;

.

!
1943

*1944

1945

$2,357,628 $2,470,615 $3,065^747
$2.26 7 ;;;$2.37,',:.';V/S2.49
of capital stock,—V. 162, p. 1889. ..
'
.

Br332 7

Br471

income

$225,410

$137,852
*

Cr44,455

Net- profit

Number

Cr38,770.

of

Earned

234,000

234,000

234.000

$715,110

$679,415
472,982
$0.88

$962,681
..
; 472,982
7
$1.48

contingencies——--

for

Reserve

:t

per

2—

common

common

472,982

shares

'

>

share——2.

$0.95

'—-V, 162, p. 984.
Total

income

Misc.

lixed

:

$23,778

$9,610

_______

deducts.

Total

-

1.737

$264,180

24.358

23,053

16,307'

21,679

1.740

1,437

■/'..

.—

$182,307

aft.

Inc.

Int.

on

charges-___

1,960

fixed

funded

T

chgs._

debt

/

2,259

—^
■

Net

$219,447

$141,642

—
•

conting. mterest

$20,078

$6,436

-

v-;;-; $4,177

income

,

General Instrument

1

$119,044 '

the

$196,850

—V.

$2,043,803 $10,047/169
" :

'

Gabriel Co.—Earnings—
Nine Months Ended Sept. 30—
°Net

Com.

profit
outstanding

per

common

.

v

1944

$151,332

$0.86

$0.58

-299,129

"After depreciation,
reserve
tracts, and provision for Federal

income taxes.—

-V.

162",

p.

W.

H.

tional
elects

456.

.con-

capital stock to the

place before the ,end

the

Anderson,

:

.

ers

V;

;

10 notified the. Interna¬
Mich., that the. "corporation

Detroit,

hereby terminate, effective

immediately,

International
Work¬

agreement between General Motors Corp. and the
United Automobile, Aircraft and Agricultural Implement
of America—CIO, dated April 16, 1945, and expiring April 28,.

and all local agreements
agreement."—V.. 162, p. 2817.

General Phoenix
:

:

;

Corp.—Terminates Union Agreement

This also terminates any

Years Ended

Net

/

Vice-President, on Dec.

Union,
UAW-CIO, at
to terminate, and does

Union,

'

262.462

7
$0.90
renegotiation, .of
for contingencies,

share..—i.

will operate as a
Its offices and
stated.—V. 162, p. 2642.

continue

General Motors

..

1943

$256,575
299*129

completed for a loan of over

largest
devices
subsidiary of General Instrument
plant at .Chicopee. Mass.," 'Mr.

country,

will

but

Mr.

Blumenkrantz

/

1945

——-j.-.

the

in

year,

aforementioned

.

will provide
purchase of

Blumenkrantz disclosed.
"The newly-acquired
company, which is reputed to be the
manufacturer of radio frequency coils and permeability tuning
the

of

$9,309,531

$270,269

\

——-

shares

tEarnings

.

been

have

already

and actual transfer of the Sickles
Instrument Corp. is expected to take

General

-

"$2,262,197
16?, p. 2270.

i9 announced a ten-year

$1,000,000,

■

Sales

Dec.

.

Arrangements
$17,818

/,

Corp.—Acquisition—Bank Loan—

Blumenkrantz", President, on

bank loan, repayable in semi-annual installments,
corporation with capital for the recently-contracted
F. W. Sickles Co.

this

22,597

22,597

2,260

Abraham

2 V-z '/o
•'

■

,

company

*,

.

10,488

(Br)__———'

rents

Net

-

the

592.192

:?*7 General Cigar Co., Inc.—Earnings—
* <
,,'1 * ^
(Incl. Wholly-Owned Subsidiary, General Cigar Co. of Cuba, Ltd.)
9 Months Ended Sept. 30—
1945
"
1944
1943
Profits before taxes, etc.^--—-—$2,019,288 $1,824,442 $2,531,307
Federal tax provision-—^—--——1
1,070,178
911,027
1,334,626

.

sale. by

$758,110

465,596

"

'

.

6,000
3,562

tax accruals.,

Railway

479,260

1,490

tax

..

from

::

$577,647

$434,563
333,174

American Transportation

1,040,964 shares

ton

'7,; $751,367

$774,934

■

:

1945—10 Mos.—1944

$77,835
48,791

$74,777

net

reqisslon offer is being made have been heretofore received

,

after all charges & taxes
per common
share—_—-

profit
tEarnings

;

a

to

Ended Sept. 30—

9 Months

Net

Increased

Proceeds

.-

$112,051
$165,918
119.304 < , 119.304
$0.28
<$0.31 7 7 t$0.46
taken for the 10'/,•7 excess profits tax credit,
the 3-ior-l stock split on Nov, 30, .1944.—

Earnings—
:

-

which

•

1943

•1944

71945
>

—

—

effect

General

after

Deprec. (way & struc.
proceeds from the 150,000 units, estimated at
30,195
31,337
- 3,031
3,517
and
equip.)
applied to the extent thereof in the following 7
-V.
162, p. 2516.
'
.
.
<aj/Approximately $175,064 plus interest, to Simpson, Studwell and
Swick In full payment of the balance due for the purchase of the
Franklin Simon & Co.; Inc.—Buys New Site—
7
;
79,1,48 shares of common stock and 323 shares of preferred stock of"
The company 011 Dec. 7 announced it has purchased the southwest
Health Cigar Co., Inc. (Del.i;
corner of Ponce de Leon Avenue and Peachtree Street in Atlanta, Ga.,
(b) Approximately, $150,000 for the purchase of 9 additional cigar¬
as
a site for a new building
it expects to ferect next year and operate
ette njiakers, 3 additional cigarette packers and 3 additional cellophane
as
a
branch department stofe;—V; 162,-p>-1512.
' .— '"
7 7
wrapping machines; ' - ■
(c)
Approximately $750,000 in payment of current notes payable
secured by tobacco inventories and
accounts receivable; and
Franklin
Stores Corp. — November
Sales
(d)
The
balance
for
general
corporate
purposes,
including
the
carrying of
inventories,
the payment of operating expenses
the
10.7%—
' ;
carrying of accounts receivable and working capital.
Period End. Nov. 30—
1945—Month—1944
.
1945—5 Mos.—1944
PURPOSE—The

$1,943,960 -are to be
order
of priority:

7".-

General American

X

Chapter

under

reorganization

deductions

•

Thereafter the company and its subsidiaries commenced
manufacturing their own smoking tobaqcos. Sano denicotiniged cigars
the only cigars sold, are manufactured by Tudor Arms Cigar Corp '
Philadelphia,
Pa.,
under the specifications of the company.
Sano
smoking
tobacco,
which
is ,also
denicotinized, was manuafctured
since its appearance on the market by Health Cigar Co., Inc. iN
Y )■"

r

and

com-,7

the company.

.

■■

1425.

p.

61,967

(& Subs )- -Earnings—

been

has

giving

161,

.

$431,307 7 $489,835
233,660
' 233,660

Investors Co., Inc.—$3.06 Dividend
The directors on Dec. 19 declared a dividend of $3.06 per share on
the
common
stock, payable Dec, 24, 1945 to holders of record Dec.
21,
1945. Approximately 9 <fc of this dividend is from net income
(excluding security profits) and the balance from long-term security
profits. It was announced that stcckholders will be advised soon after
the end of the
year of
the exact portions of the dividend taxable
under Federal
income tax,/law as ordinary dividends and:*as longterm capital' gains.
'//„.■<://// /• /• v'\
: i.-'iOn Dec.
23, 1944, a distribution of $2.32 per share was made on
the common stock.—V. 162^ p. 2817.
'.
.
.
'
*
<
L"
,
7

241,739

;

income

Net

131,257

common

credit

°No

$311,470

inc.-

from

'

Other

smoking tobaccos sold by the

of the

were

its subsidiaries, except Sano, were manufactured by Larus '
Co., Inc.; Richmond, Va., but under the specifications of

and

pany
&

(N.

Inc.

Prior

S. C. Korn or his companies by the Axton-Fisher
and for a short period of time by Philip Morris Co :

Sano,

The

Inc.

manufactured

Co.,

for
Inc.

per-share

tAfter

104,611

'

manufactured

of

7,829

.

$590,354
100,519

7.'——— 7 ; $101,389
shares.-—357.912

income

Net

Earned

$493,274 -r:

$43,717.',
stock—-2.——J.

$34,577

18,472

21,978

$2,416,274

33.772

7 //..

.

$553,209

income—i.

Gross

Total

to

displays

(net)

$2,289,103

$502,866

$515,964 Y

income

Other

program

window

distributors

with

apply approximately 5% of its net sales /
featuring radio, newspaper and periodical 7
and other means of point-of-sale contact
customers.
.7 7' -: 7 • 7 • 7' ; ■
,7' 7 /.'/ 7,7/7

intends

but

of

advertising,

income

Operating

.

Quarter Ended Aug. 31—

V.

and

$51,546

common

;

■

$571,881

•

$37,391
2,813

Prolit;;: after 7charges---'7';-—'i.i^2°Income and excess profits
tax—

658,734

taxes

taxes 7 ——"

Health- Cigar

of

issued

the

of

on

2641,

Gamewell Co.

11,765

17CL025

prof,

exc,

.

Other

declared

;

;

.

p.

$471,295

$50,044
1,501

—

—V.

680,060

1,331,107
739,070

'

—

Dividends

150,940

55,352

$35,743

Net income

812.835

.165,543

1,190.250

'

'

{7*- 1,647
...

1,910.715

91,574

12,859

13,900

income
deducts.

162,

880,184

—

Number

reduction)—

(before
Federal

Oross

.

3,835,832

73,365

90,200
57,810

income—net——

Income

329,411

/ 2,088,413
3,997,739

surtax

and

•

478,325

taxes

income

Federal

342,702
78,020

—-

Operating ' Income •
Other

$9,352,363

182,756

prof. tax.

Depreciation

940,795

amort,

acquisition

plant

normal
excess

56,250

477,800

—

taxes

Fed.

699,989

806,410

214,846

depreciationof elec.

for

Prov.

resale

for

pur.

Maintenance

exps.

oper.

General

$9,473,489

189,181

/;7/
—"

expense,-'

$795,364

$807,558. v

Operating revenues*_-c-7'
Equip., Maint. & garage

offering

1945—12 Mos.—1944

1945—Month—1944

Period End. Oct. 31—

r

made7 in violation of Section 5 oti the Securities Act
of
1933,
such shares wore subsequently registered by the company 7
with the SEC and a recission offer
is being made by the company
and S.
C. Korn whereby each purchaser
is entitled to rescind the
purchase within a specified period, and by tendering back the secur¬
ities
purchased receive
the consideration paid therefor plus legal
public

under the name of
subsequently changed

1944,

1,

Nov.

which

.

,

.

has been

company

following the merger into the company
Fleming-Hall Co., Inc.. In view of the opinion
staff that the offering of such shares was a

of

1945

October

of

Cambridge Tobacco Co., Inc.,
to its present one upon the
merger
into
the company in October, 1945 of Fleming-Hall Co.,
Inc.,
(Del.)
.;
.'.7
,, :.
7'.
..
\ /'; :/. 7-V.
The company owns all of the preferred stock
and 97., 6*!* of the

on

accounts receivable, and invest¬

and equipment—at, cost
(after
amortization of $3,269,854), $6,239,322;
•'■patents,
$478,566, total, $45,424,347.///,
7; : '
?
LIABILITIES—Notes payable to banks—Note A, $14,850,000; accounts
payable and accrued expenses, $5,423*630; federal taxes on income,
$3,867,301
long .term debt—due beyond one year, $446,502; reserves
,and deferred
income, $456,440; /AVa-Ve- convertible preferred stock,
^ cumulative,
(par $100), $7,472,500; common stock, (par $1) $426,446;
7, capital surplus, $3,293,357; earned surplus, $9,188,171; total, $45,424,347. v..'
,.7''-77/7'•;7'7,
/--V*
-7// v_ '.4,/
for depreciation and
$1; deferred charges,

reserves

.

Bank of the Manhattan Company, New York.
Agent: Corporation Trust Company, Jersey Citv. New Jersey.
HISTORY &
BUSINESS—Company was incorporated in

subsidiaries not consolidated $372,455; notes receiv¬
sale of common stock to officers and employees,

from

able—arising

-

$10

to

$2.57

BALANCE SHEET

CONSOLIDATED

and advances to

In

Inc.—Stock Units Offered—
interest thereon.—V. 162, p. 2817.
7,7
7
/.
o.
New common and preferred stock financing aggregat¬
ing $2,250,000 for the company by a nation-wide group
(M. H.) Fishman Co.; Inc.—November Sales—
rj-4
headed by Floyd D. Cerf Co. of Chicago was made Dec.
Period End Nov. 30—
1945—Month—-1944
1945—11 Mos.—1944
19 with the offering of 150,000 shares of 6% cumulative I Sale$7;v.7^27^7wU.;7v777 $621,995
$600,023 $5,956,364 . $5,619,250
-V.
162, p. 2270.
($10 par) preferred stock and 150,000 shares of common
stock (par $1), priced at $15 per unit, each unit consist¬
Florida Power Corp.—Earnings—
;7
ing of two shares, one share of preferred and one share
(Including Georgia Power & Light Co.)
of common.
•• '/ "■ •
: ".7.7
. '7.V
'■
-1944
1945—3 Mos.—1944
1945—12 Mos.Period End. Sept. 30—
The
preferred stock is entitled to cumulative .dividends payable
021,302.
$2,428,279
$2,426,206 $10,390,424 $10,
Total oper.' revenues-^quarterly,
Redeemable in whole or in* part upon 30 days notice at
584,702
4,967,344
1,185,296
1,142,886
Operating
exjienses——
$11 per share plus dividends.
Subject to sinking fund for retirement.
174,468
50,126
.25,303
2,253
Fleming-Hall Tobacco Co.,

Registrar:

398,652

$2.30

the company

stock of

comomn

■

'

Entitled

.397,821

•

418,585

$2.59

—,

122,819

477,158

be transactions
mon
stock on official notice of .Issuance, to be distributed on Dec.
determination would create
22, to common stockholders of record Dec. 17, or reserved, for. issu¬
of the sales
ance
upon
conversion of the company's 4V^Vc
convertible preferred
price plus interest thereon
of the shares outstanding.".,77
stock, making a total of 1,196,938 shares of common- stock applied
S. C.
Korn also sold from liis7 personal holdings 1,250 shares of
for..-', vV;v7 '7
-'•' :;7;\'/;,;f/7\7 ;^7..;7.-v'7.
common
A stock and
1,250 shares of common A stock of FlemingHall Co.,
Inc. to one purchaser for cash and securities aggres^f ;*• ,/7 -Stock Distribution Ruling—7J
; V:jfr
$8*610.. In addition S. C. Korn transferred from his persona) holdings
The New York Stock Exchange on Dec.
14 directed that the com¬
to various purchasers of stock from
the company at no additional
mon/stock be not quoted ex the distribution of one. additional share
consideration from them to the company or Mr. Korn, 6,945 shares
to holders of each share of record Dec. 17, 1945, until Dec. 26. 1945.
of common A stock of the company and 6,945 shares of common, A
This amendment was made in view of the Exchahge closing on Dec. 24,
stock of Fleming-Hall Co., Inc.
• \
. •.. •>
- 7--.'.7V
1945.—V. 162, p. 2941.
•"
The shares referred to in the preceding two paragraphs which are
presently
outstanding became. exchangeable for
152,271 shares of
•
;
Galveston-Houston Co, (& Subs.)—Earnings—

7; ■ •"'•;, 7 7
The company on Dec.
12 announced that the stockholders voted
at
special meeting about a week before to increase the authorized
no-par common stock from 540,000 shares to 600,000 shares to provide
for the possible future needs of the company.—V. 149, p. 3555. :
77
.Capitalization—

V Increases

share

common

per

'

•

565,198
1

$1,146,091

75.723
137,627

■

388,619

320,000
Crl58,000

708,619
-

1945 (6 mos. )

Net
Profit

780,859
197,000
1,189,198 \V 624,000

$1,127,776

———

253,128
477,385
426,446

%

-$716,835

' $159,810

$876,645

$1,358,136

pfd.

conv.

SEPT. 30, 1945
ASSETS—Cash, $4,808,383; U. S.7 Treasury Notes, $2,838,930;. trade
notes and accounts receivable, $8,891,354; refundable portion of fed^
eral excess profits taxes, $431,153; inventories, $19,543,200; investments

'

or
company

the
considered by
offering.

are

4,549,079

stock
pfd.—Dividends cn
common
stock
7
Number of
common
shs.
(par $1)

,

by Section 12 of such Act.
If such sales are held to
involving
a
public offering, any such
a
contingent liability of the company in the amount

*

Taxes

Taxes

Profit
$940,139
926,886
1,392,954
854,966
137,935
119,627

Sales

,

Federal

Profit Bef.

Operating

Net
Year—

and

were

3,782,223

<;7/7 Listing' of Common Stock— ./ j ^
7';:'
advised, however, by the SEC that in the opinion of the Commission's ;>.v The New York Stock Exchange has authorized the listing of 28,000
staff the offering was a public offering made in violation of Section
additional shares of common stock (par $1), which have been sold to
5 of the Securities Act of 1933 and gives rise to the liabilities imposed
certain office and employes,
and 598,469 additional shares of com-

'7

,7

EARNINGS

OF

was

sales

actions

New York State, with an estimated
annual Tf
yards of carpet, which at present prices would
volume of approximately $14,000,000, Additional 77
order will increase the yardage capacity by

16,9c.

approximately

stock

the

as

Wilton

and

or

customers

discounts

No underwriting
sold directly by

company.

tobacco industry or

5,695,170

3,054,110

_J
4>/2%

CONDENSED

Substan¬

and the company.

in the
them are

were

of

4,909,999

(est.)——

'conv.

5%

on

150,000 shares

contract with S. C. Korn

latter's

related

4,412,246

profit
on

1944
1943
*$51,727,882 $44,716,739

interest..-

and
income

on

$48,717,575

_

deprec.

Dividends

-

all of the purchasers
thereto,
and many

tially

1945

_J

taxes

Earnings

10, 1945, the company sold 42,912 shares of
transactions for $429,120 at a price of $10

with the

The company
rugs

95

Subs.)—Earnings—

Sept. 30—

Dividends

its common A stock
per share, of which
350
shares
were
subsequently
repurchased by the company.
Each
purchaser also received at. no additional consideration a like number
of shares of common A stock of Fleming-Hall Co., Inc., in accordance

July

Company was incorporated in. 1888 in
executive office at 295 Fifth Avenue, New

Principal

York.

New

Net
"

of 6% cumulative
stock are. 60c per share or an aggregate of $90,000.
OF RECISSION—During the period from Dec. 1, 1944 to

preferred

t

England.

from

manufacturer

Federal

-

dividends required- for the

Annual

the sale

giving effect to
by the. company. •1

After

outstanding.

and

of the 23,400 shares of common
stock
■;./V*'/./,//
yy
V
HISTORY AND BUSINESS—Company Is one of the leading carpet
and
rug
manufacturers ir. the country.
The business was com¬
menced in 1884 by Sir Thomas Firth, a well-known carpet and rug
11

9 Mos. End.

Net sales
Profit after

.

and
of

1,750,000 _
17,500 shs.

(authorized 600,000 shares no par, refor conversion of pfd. stock 143,164 shares)—

company

the

which corporation was subsequently merged into the com¬
pany,
consisted of 75,000 shares of common 7a stock, (no par)
50,000 shares of common B stock, (no par) of which 72,562 shares
common
A stock and 50,000 shares of common B stock were issued

$750,000

stock

Common

the

registered; with

Inc.,

Co.,

OUTSTANDING0

BE

TO

1947———-—.——----,,
First mortgage 4 '/c bonds due 1956——'.——-——
5% cumulative preferred stock ($100 par)—.
Bank

v

by

sold

made.

"Shares

:

-

agent,(.Registrar

Transfer

being

7

(&

Fruehauf Trailer Co.

for which a rescission offer i:t
•
. *
SEC consist of 150,000 shares of 6%
cumulative preferred stock and
302,271 shares of- common stock, of
which
152,271 shares of common stock are issued and outstanding
(including the 1277686 shares subject to the company's recision offer)
and
the
remainder
authorized
but unissued.
As of Aug. 31, 1945
the
authorized
capital
stock
of the
company consisted of 75,000
shares of
common
A stock and 50,000 shares of
common B stock,
of $;hich there were issued and outstanding 72,562 shares of common
A stock,
(par $10) and 50,000 shares of common B stock (par $10).
As
of the same date,
the authorized capital stock of Fleming-Hall
shares

127,686

offered—Reynolds &

& Co. are

Co. and Gillen
mon

stock

Co.—Common

Firth Carpet

24, 1945

Monday, December

FINANCIAL CHRONICLE

&

THE COMMERCIAL

3072

profit

Earq.

per

During

.

•

taxes——:—.——-——

and Com, stocks-—
the -corporation acquired

share on C1/-A
the.

year

.

'

. ,

Corp.—Earnings—

Sept. 30—

after

1946,
authorized under the

1945

_

$399.53o
$2.91

•

"

J
1944

$283,094
^2.56

controlling interest in

Volume

162

Number 4449

THE COMMERCIAL & FINANCIAL CHRONICLE

General Public Service Corp.—Accumulated Dividend

.

The

-

directors

Dec.

on

declared

7

$6 dividend preferred stock, and

dividend

a

of

$9

on

of

record Dec.

dends
the

17.

in

dividends

These

and

accrued

are

After

arrears.

of

account

on

giving

Grand XJnlon Co.-

the V

on

these

payments,
dividends normally

cumulative

Payments of $3 each
stock

made

were

June

on

share

26

and

Nov.

this year.—V.

1,

the

on

162,

1

.9 Months Ended Sept. 3C—
Net
prof, after all chgs. & Fed. taxes *
.

t.fcarnlngs

"per

1945

..

' X X"

.TOn 321,000 shares.—V. 161, P. 1998.

162,

General

Realty

& Utilities

after

Profit

1—L-~ —tw

after

Debenture

t.

Net

—v.

depreciation
and

taxes

X

General

v

/

,

before

Federal

jnc.ome

Shareholdings

Underwriters headed
Dec.21 offered

•

Corp.

—

$399,027

4

(Lowell
this

129,000

J, '

..

; *

,

and interest $2,650,000.3%

has-

,:

per

de->

162

,L__ '

revhues
2942.

X$41,100

$40,900

*

' X '

- •

;

'

and

1945

amort,____X

<

share

Net

$2,230,999

Federal

24,569,720

the

10,593.681

$686,695
::

$8,532,108

297,185

,

Ltd.,

1

6,017,668.
12,247,208

$4,933,317
2,676,064

of

1944

number of

shares

new

outstanding

for

the

ownership, Mr. Birrell said.—V.

$431,617

.

prof.

;■

taxes—

$1,694,75^

—V.

4.095

income——;

-

deductions.——

$271,382

74

IX $364,707

<

Fed.

1

$163,827

XIXxxXiXxx

;

$51,316

f

surplus-

.

^51,316

X

for

the

share

a

for

598,142 ;
X X S3.16 -1

nine

months"

for the

depreciation

and

like

1944

cents

81

ended

period.—V.

-

$2.90-

and

$4,000,000

York)

has

arranged

$190,453

of

and.

162,

retirements.-

debt; discount,

on

H.

L.:

comparing
2042. XXXv

p.

-

9 Mos. Ended

Sept. 30—

expense

the

of

debt

of

88,619

-

1946,

X $787,453

"Profit
Federal
J;

Net

income

taxes—

-$419,653

the

on

"After

For

"

depreciation but

the

$404,745

•

299,200

B

"r

83,346

30.30 ;, x.X

...

and

discount;

X 9,392
$434,970

225,498

225,889

initial

an

cumulative

class

A

of

Federal- income- taxes, 'X .-Xx

before

stock

common

Sept. 30—

t:

.-

10

taxes

161,

com.

p.

cents

The

chgs.X;

•

:'VXx

X
share-_X,

;

$1.03.

290.446
-:

173,824-"
X —$0.83

$1.34-

.

2660.;_X-;XX--;'X'.'X "XxX X.

...

of

$0.23

'

"Gruen Watch Co,--Larger Dividend
directors have
the

record

were

Dec;

made

declared

common

15.

stock,
current

'

ended Sept.
30,
1945, net profit was $122,045,
9 cents a share, compared with $148,483, or 11 cents a
share for the quarter ended Sept. 30, 19.44,—V. 162, p. 1281.
■

;;

to

;

Guenther Publishing
This

•

company,
publishers
dividend of $10 per

,a

Jan.

of

25

1946,

1,

...

402,711

-190,097

102,680

146,615

16,400

32,784

-$587,761

.

'

~

$0.53
tOn

" X
'•

$0.59

,

'/v/-X

14 512,

20,476

$157,417
'

1,000,000 shares

XXXXX-v,,.;.

$411,912

$0.16

•'

$0,41*

(par 25 cents)

X «•'

X

the

cents

,X

,

capital
>

1945.'- An
ago,

were

2016.

p.

extra

the!

on

of

$1.37Vi

X

distribution

in

March

on

"

share

per

share

ot

pax^X«n

was

Previously

paid
•,

cents

$100. --^l

nar

cents.'

20
per.

dividend

1945,

31,

total of 45 cents paid this year,

a

162,

each

20,

year

15

of

cents

quarterly

stock,

Dec.
a

15

of

usual

preferred

of

dividend

extra

an

dividend

and

record

XX'X-

as

quarterly

June

30

and1

against 80 cents

"

1943

$3,591,224

$1,823,408

"380,000

X

;

1944

$603,112

charges.
011
income,

*3,115,617 ? fl,391,120

1945

,

etc.:.::.

contingencies.^^;

pei"

.

250.000

for

¥On

118,000

$225,607

$314,288

75,000

share_^'___i._i.__u_X:

provision

$0.48

renegotiation.

311,100 capital

i

•

-

$0.73

-

•

tDoes

in

Robins,
sales

the

on

162,
1

Dec.

on

14

announced

Jr.,

of

161,

President

of

and

conveyors

a

new

unit

Hewitt

to

said

"X;'-X- XXXXXX'-'X1''

has

the

acquired

Inc.,

Passaic,

now

•

forecast

-company

unloading of

\'X

'

x1 X 'X'X

•

it

Conveyors,
Rubber,

speed

provision

2860.

p.

X.

tbat

Robins

materials-handling systems.

mine

market

878.

p.

of

of

$1.01

include

not

shares.—V.

Rubber Corp.—Acquisition—

manufacturers

put

V.

;fX

an

cars.—

"

•

>

,1

x

r

in¬

ready

was

coal

•••"'X.

'

•

Hindc & Dauch Paper Co. .-(& Subs.)—Earnings—
9 Months Ended
Sept.
sales

XC X.X

30—

Net

Profit

Fed.

after

-

Income

1945

162,

1,560,000

taxes

shares.

2,752,408

1,700,000

1,830,900

$898,757

$921,507

,360.250

profits

excess

2,598.757

360.250

360.250

$2.12

$2.18

share

p.

1943

2.406.388

$846,388

&

common

per

-1944

$18,070,640 $18,392,449 $18,422,522

charges

profit

of

—V.

$2.01

.

1640.

X* Holland Furnace

155.707
'

•

$0.84

X

cents

to

Co.—Earnings—

Quarter Ended Sept. 30—
Profit

per

Net
No.

holders

before

of

tax

X

X-

'X

1944

1945

taxes_____^____^^__.

$930,600

provision___^_._.„_'__

:

profit

'•' $558,360

1943

$894,275

-

372,240

X

'$536 565

450,442 ;

capital shares__;

$1,046,683

357,710

418,673,

450,442

X

$628,010

450,442

; Earned per share__;______—X
$1.24.X'X':X $1.10-;X X':$1.39
Xv For the nine months .ended Sept. ?0. 1945, net income was $952,048,

quarterly

payments of 20 cents each
year.—V. 162, p. Tb90.-: ' *-"XX:
X'XX;?v'*

or

C

$2.11

a

share,

first: niner months

Corp.—Pays Larger Dividend—
of

1942

$975,740

outstanding capital shares

crease

to

Declared—

quarterly, dividend
$1,. payable

par

1945.1 Four

during the

15

for

Thomas

.'^XXXXn-';::'XXXXxEX;X"X.:.

The

1943.. X

$2,279,634
X
X

.

238.112
•

:

348,096

regular

corporation

the

N.-J..

per

1942

$3,463,164 • $2,950,043
-X ..
.

$4.07

''

X'VX;.;» X
1944

profit.^^_^.-X-U—$148,112

Earned

1943

;

on

of

renegotiation.

No.

-

$347,329'

$4.14

2737;

p.

$628,670

taxes

"Includes

all

stock, no par value, payable
1945.—V. 162, p. 135.

1944

$3.70

stock.—V; 161,

$209,081

:

Co.—Earnings—

1945

$4,192,343

per

5Ys "'0

applied for.—V. 162, p. 2942.

-

1943

264,703

declared

$2,

par

making

fEarnings

dividend of

^
1944

$353,653

250,833

■,

quarterly

the

of

J', Hewitt

L

quarter

equivalent

Net

-

premium

$186,271

1945

$315,890

$1,075,345

per-share,--declared

Provision

stock, payable Dec. 28 to holders of
regular quarterly dividend of 80 cents per.

the

$3.20

income =after

share

1,379,750
-

'

V

Heller & Co.—Extra Distribution—

have

holders

after

Federal

$311,558

$0.28,.r';, $0.29

X'

1945

Quarter Ended Sept. 30—
Federal

82 897

common

sales

216,800

:

'

$2.27

t

,

1, Hercules Motors Corp.—Earhings—
Profit

making a total uf 3,145,742

9 Mos. End.

.—V.

u:

.

,

$398,212

98,948

,11,

1282.

p.

with

1944.—V.

$527,261
'

X:

to

cents

in

$528,358

1,392,000 -Xl,391,500 X 1,384,000

outstand._

Earnings per com. share
..

$703,945

$395,670

367,800

.

profit

Com.-shares

;

$660,970
265,300',

; •

1942

" 1

1945

-$533,030

the

on

Sept. 29,

1,-1946, to holders of record Dec. 26,

Earn,

1943

>

$899,212

-.1-

stock,

dividends

94.948

•,

premium

company^jT^w__T^_._^

Dec. 14 declared

on

class

Net

■

'■

1944

"

1945

,

of

2148,

shares:,

<

714,690

6,530

and

Dec. 20,

and

XX-

securities

162, p,

I

capital

;X:

3d-—.

deplet—

usual

together

$1,336,899

$411,770
amort,

Net

-

.

Co.—Earnings—.

Government

1944.—V.

taxes

common

(est.)__u

<Si

162,

share

per

1944-

•

$501,646

et<5.', .'of subsidiariesxX.X.

X, Grocery Store Products

of

■'X Goebel Brewing

S.

31,

•;.

j.w.

—

expenses

the

Net

of

revolving credit of $3,500,000 for the above com¬
Kentucky Tavern bourbon. Ten banks have par¬
ticipated, and the Mutual Life Insurance Co. of New York has taken
the longer maturities of the term loan.^-V. 159, p. 1761. :v
>
»
X 'X

U.

Oct.

Mining Co,—Earnings—

profit

common

Greyhound Corp.—Listing of Additional Common Stk.

a

producers

pany,

the

on

share,_„__..

common

The directors

'

and

on

shares

loan

showed current assets of
corresiMrnding tdate in"
compared with $8,961,529.

1945,

charges and taxes-

(Walter E.)

X

Greif Bros. Cooperage Corp.—Initial Class B Div.—

Jan.

term

a

and

on

173,000

"Includes other income.

and

{& Subs;)—Earnings-—

JncomqxXx~Xi.^»:*JXXt;XiXLXXXiXxX_xXjr

record

Glcnmore Distilleries Co.—Receives Term Loan—
(New

cash

tEarnings per'share_^_'*

The
New
York
Stock (Exchange - has
authorized
tue
listing of.
239,127 additional shares of common
-Gladden Products Corp.—New Name—
stock
(no par), upon official
notice of issuance, in
See Kinner Motors, Inc., .below.
X'X.rX\V'X''X-(, -X V'X.' xcapital stock of Florida exchange for at least 809X of the outstanding
Motor Lines
Corp.,

Co.

31.

$2,174,424,

598,142

share

a

Oct. -31,11945,

V

expense,

X.X The directors

$190,453

$193,227

per

Stock.—V.

X—V. 162,.-p. 1170.-*v:;i/; XV-.J]

162, p. 12219.

X The Bankers Trust

Net

:

x;.-

$61,05l

,

on

85,440 shares -of

Depreciation
!

$1,732,318

X

exchange-were equivalent to

amort,

4net)

share

17,200

of

v-,

income after

for

inc.;

taxes

$0.71

$10,225,378

Months Ended Sept. 30—

"On

above

income •_

(net)

29,400

$43,851

share

Taxes accrued

'■*

1944.f'?--;

2.464,550

•

X 166,131

$92,729

50.830;

included

162, p. 2642.

X Hecla

$43,979,798

1,759,997

n

Balance •'

$356,585

41,413; X, 200,880

$94,682 * X

XXX.
X

Balance,

ri

f ~

pital„shares:.

stock

Interest,

share
in

->«¥\

■

$1,888,041

cents

Interest

71,163

with

after-charges and

per

"Earnings

4,196,868

Minority interest

$285,421

93,325

23,927.

Income.—..X—

Income

;

9

Net

-:.

3,b43,038

112.271

116,603 \

X X $69,546
XX 23.183 X

$70,755

.

X Total

Reduction

■:

"
'
v:' .X;'.. ;X'X, ,
1945
earnings____^___X>;;:__^.X__i.XJ.^X;_w_Ui^ $1,343,002
Operating expenses, maintenance and taxes.XU
752,736

10,83511,765

30,762

compared

Oct.

;X Ilealey Petroleum Corp.—Earnings—

2271..«

p.

1945

Gross

120.152

27,639

$0:69

"{695,467,

shs.

com.

of

as

current, liabilities

profit

Earned

,

period.

162,

'12 Months Ended Sept. 30—

1,126,263

115,100

tax....

taxes,.'--—■ -X-r'

Opera ting

Subsidiaries)

$1,655,874

1,180,835

$237.711

j

X EARNINGS FOR SIX MONTHS ENDED JUNE
30,
Net

20

1945—12 MOS.—1944X:

293.417

.

.

sheet

assets

Operating

-'Xl

•

GreenwRih WateT Systcmy Inc.

V

33.734

-

38.200

333,000

on

*Gross income

share

$2,348,437

S431,553

295,022

etc.

income

exc.

'■

•

income-v-X^-W-

States

Co.

Gross

X 1945—3 M0S.—1944

$231,190

j 701,017

,,,Hazeltine Corp. (& Subs.)—Earnings—

'

,

1943

$1,634,195

*$279,115

$1,954,009 against $6,055,163

figures exclude operations of Metropolitan Stores,:
whollyiowned Canadian subsidiary whose, net. earnings expressed

Provision

$2,257,253

1944

$1,621,102
1,389,912

,

.

gqd

^

.^Including Domestic

on

ca

per

a

with

2.676,064

$166,505

1945

contracts-4.-

tax_____„__Xl__-^..

balance

Current

Lights, Inc., he declared.
and- affiliates, „the- company
now

income

Green

$5,024,501

223,005

31—

*$279,115

$3,684,038,

by

$8,691,173'

$389,510

$0.82

,

profit

The

r:

•

purchase

Neon

charges,,

in United

X 2,666,672

3,598.791

-

Oct.

Govt,

Earns, per shr.

an

its

'X- 'X

-

NOTE—^The

22.174,778 :

.

5,881,332-.'

,926,041

$179,978

Other Income

-

shares of Claude

average

under

after

■::Net

'

announced

Ended
on

income

Net

-

and

Federal taxes

2148.

"

*

10

1945—12 Mos.—1944

223.005

X Oper. exp.,- deprec.,

.

capital

■'[

Sales;,^-r._-^---—$43,607,893

;

$402,983

pfd. stock

.Period End. Sept. 30—
Total oper. revenues...

—V.

ended

the

on

Earned
:

,468,167

.

300.208

Xv

,

Dec,

$169,233

$0.71

$1.361
cf

>X

-on

,

3 Mos. End. Sept.

Georgia Power & Light Co.—Earnings

;;

$1.20

shaies

(H;L.) Green Co., Inc.—Earnings—

•

>.

•

X

997,460

Royal

Number

2,121,235

v.

$703,192

.

deductions...

162, p.

Other

$1.31 "

tOn

Months

Federal

-

and
Fitch,
Amenostat
General Water, Gas & Electric Co., International:
Securities
Corporation
General -f and
the
Union. Aircraft;:

expanded

J

1944

•

income—l.._—
on

Fed.

'

•

X $1,359,343

$1,200,585

■

Manufacturing Co. has plants at Chicago, Brooklyn and.
a
refinery at Warren, Pa., which produces oils, for
pharmaceutical.'purposes.
It is expected
that the business
will be

$4,202,140 $49,576,842 $49,130,828 X

980.584

income.,—«r_

Gross

—V.

refund

etc.

1944

$146,812

beiore

X

483,500

Balance

■

Net

controlling interest in the Royal Manufacturing-

a

9 Months Ended Oct. 31—•*'

to Dec. 7—

*

$2,029,942

1.945—Month—1944

for

Int.;;. etc..
Net

904,153

.

"X%,y X

;

;

of

common

year

Net

expenses—2;001.279

Provision

Divs.

798,500

New York Industries,
Inc., for the
Sept. 30 were $505,377 on-a consolidated basis,
comparing with $388,579 on an unconsolidated basis in the preceding
fiscal,-year.
The .tentative earnings were equivalent to 26 -cents per

-

reVentfe--—-—^-'1, $4,168,556

Deprec.

X-

31—X;X

End. Ofct.

Operating

!

3

Industries, Inc.—Expansion—

Birrell, President,

taxes..

•

Georgia Power Co.—Earnings—

f

p.

1942

$2,263,496

^ $1,310,951

$0.85

depreciation,
2660.-, r
\

Co.

approved

Hayes Industries, Inc.—Earnings—

1943

America,

X.-v';
Jan. 1,

•

:

,

p.

'^XXXpfcriod
Gross'

$851,707

Coal

1945

...

.

and

205,997 sl»ares____

2660.

p.

$1,999,085

Products Corp., he announced.
Tentative earnings of Greater

Th

iX-'X';X 'X*—Week End. Dec. 7—
•, % 'XX
"
'
1945 > y; 1944 ;

- ;/;y,

161,

870,000

various subsidiaries
important
interest
in
Abercrombie

an

fiscal

Georgia & Florida RR.—Earnings—

—V.

•

of

Utilities,

stockholders had the privilege of tendering their shares of.v
to the company
for payment in cash at the rate Of f
share up to 3 p.m. on Dec. 17, 1945.—V. 162, p. 2271..XXX/XX

Period—

Operating

v
'

M.

Corp.1 of

-

u

"

1944

stock

common

1

161,

Duquesne,

i;Xx General Water, Gas & Electric Co.—Tenders—-

XXXX,;

XX——.. ••
com. share.

charges

per share on

$2,180,951

;

.'

565,500

iuruugii -its,

Debentures Offered—

650,000 of bank loans maturing Mar. 31,1946.' Associated 0
Corp.4 and Lehman -

$21.63

$1,417,207

tax^e--*

corporation

number

in the offering are the First Boston
Brothers.—V. 162, p. 2817: ■
\

XX Common

X"'

'

after

Consolidation

Corp.—Earnings—

Months Ended Sept. 30—
profit

'

Subs.)—Earnings—

Co.,- of Duquesne,'Pa., for 42 years a1 prominent manufacturer of'
drugs and pharmaceuticals,* ' :'•, »;r: >'-XXXxX- ••• ".•■■I-':".X
During the last year the company also has. acquired a substantial

$191,390
>.y'v

< 9

Net

"Loss.

by the Union Securities Corp. on

at 101%

(&

308,743

due Dec. 1, 1960.' X;
;,X:y-';X.X:/ i-x, X;-- y'XxProceeds of the financing will be used to pay off $2,-i

*

1945 ■

taxes..

depletion,

stock.—V.

bentures
*

per

After

•

303,920

X. '■ Xv Xi'X

,,

.

*

Earnings

Northern Paper Co.

"Profit

$707,770

$624,310

_—-X__1.!L.-.1.___X

profit

162. p. 569.

_

•

2—~X '
X\

Harbor Plywood

-

Pittsburgh

20. Bessemer stockholders
14.—See V. 162, p. 2942.

proposal Dec.

—V.

Great

tEai'n.
1944

343,602

contingencies--:;:;--^ '

i

1945—39 Wks.—1944

"

18 approved the merger into this company
Corp. This action makes the Hanna com¬

pany the
largest stockholder In
The merger became effective Dec.

of

-

Greater New York

interest

Provision for

shares

Est.

—---$967,912

expenses—

'

■

' XXX

v'x'V'f1',1945

Depreciation

$1.10

222,738

the

•

Corp.—Earnings-

.'9 Months Ended June30—

2392.

p.

Net profit

Profit

$245,667

$1.44
on

1945—5 Wks.—1944

"r9Mos.End,Scpt.rO—

•V $1-70

,

$0.61

tBased

etc.

.The stockholders on Dec.
of Bessemer Coal & Coke

$5,919,595 i- $4,797,620 $39,324,414 $36,758,420X

—v.

$634,785

$1,94

•

Period End. Dec. 1—:

<

$730,691

'/

$2,28

$0.77

1943

^1944

,.

$842,563

shares

common

share...

per

Sale3

General .'Railway Signal Co.—Earnings—

;

$322,255

$135,934

Current Sales Rise 23 *£%—

$6

2015.

p.

1945—6 Mos.—1944

$172,891

"After all
taxes, depreciation,
capital stock outstanding.-

the $3.50

on

(M. A.) Hanna Co.—Acquisition. Approved—

1945—3 Mos.—1944

profit

tEarnings

,

:

the $6 stock and of $2.75 each

on.

Earnings— -':

Period End. Sept. 1—:
"Net

divi¬

cumulative

effect to

unpaid dividends, including the
payable on Feb. 1, 1946, will amount to $25.50 per
stock and $23.37!£ per share on the $5.50 stock.

.

share

per

rata dividend of $8.25 per share,
the $5.50 dividend preferred stock, both payable Dec. 24 to holders
pro

a

307?

compared with $1,015,301, or $2.25
of 1944.—V. 161, p. 2660.
/■

;

for the

share,

a

X

" X

I

>

"Financial

World,", has declared an:
X Holsum Baking Co.—Bonds Called—
,
share, payable Jan. 2
1946.X This com¬
;
pares with $8 per share paid in the
Graham-Newman Corp.—Registers With SEC—X
t; All of
the outstanding 12-year first mortgage 5%
bonds dated
previous yearXxx;XX;XX XXXX;XX
'X- The company has also declared "an
X July 15, 1944, have been called for redemption on Jan. 1, 1946, at 106
employees' profit sharing plan
The company has tiled a registration statement with the SEC for;
and
of. 20% ; according to length of
interest;.
Payment will be made at 'the Ohio National Bank,
service.—V.: 160, p. 2646.
14,999 shares of capital stock, minimum stated value of $50 per share.;
Columbus. O.
1
Of the 14,999 shares being registered, additional shares in a number;
Holders may present their bonds at any time on or before Dec.
(W. F.) Hall Printing
31,
as yet
Co.—Listing of Additional Com¬
undetermined, but estimated to be no less than 6,250 and no
i945, and re-eive the full redemption price, plus accrued interest to
mon Shares—
more than 7,600, will be offered to nil stockholders, pro rata, at
a price
X:X- V
X ;;xxXX?X:
Jan.
X.
l,
1946.
'
of $100 per share which is less than net
asset value, and this offer
The New York Stock
Exchange has authorized the listing of 100,000
will expire on Jan. 30, 1946.
Any stock not subscribed for Willi be
additional
common
shares,; on or after Dec. 29
1945, on official
Home Indemnity Co. ofi N. Y.—New Official—
cieregistered and. will not* be issued.
• v
X;;-; •:
notice of issuance as a stock dividend
of 25%, making the total amount
The proceeds,-estimated to be between $625,000 and $750,000 except
The company
applied for 500,000 shares.
announces
the election of Mortimer E. Spra<gue as
1
.XX>, ;"X-'X*'X'X:X,
any of such proceeds used to repurchase shares and except any amountVice-President and Secretary.
He is also a Vice-President and Secre¬
CONDENSED CONSOLIDATED
INCOME STATEMENT'^X'4X
inctuded as accrued dividends in tthe price of shares issued or repur-tory of The Home Insurance Co. and all other companies in The
:
~mc'has,ed; will be held in cash or its equivalent, pending investment in
Home Fleet,
was
-:X
X,;
6 Mos. End.
Year End.
released from active duty with the
United States
under-valued securities, arbitrage operations, self-liquidating situations,
X ,,X'
X
Army on Oct. 15. 1945, and resumed his duties at the home office on
Sept, 30,'45 Mar. 31,'45
Gross profit from operations_„____^
ij
and in conformity with the corporation's stated investment policies.
that date.—V. 154, p. 1378. .$2,791,886
$4,356,658
Provision for depreciation,
253,132
535,228
Selling, gen. and admin, expenses.,.
Granby Consol. Mining, Smelting & Power Co., Ltd.—
547,602
1,185,172
Houdaille-Hershey Corp. (& Subs.)—Earnings—
Quarter End. Sept. 30—
1945
.1944
1943
1942
XX Operating profit_____.__^^_______,
9 Months Ended Sept. 30—
"Net profit
1945
1944
----- §def$31,700.
JS2.656
$23,361
$45,463
$1,991,152
$2,636,257
1943
X; Miscellaneous' "income
"Net profit
X tEarn. per com, share.
Nil
$0.01
$0.05
$0.10
119,075
94,541
$1,088,909
$1,281,403
$1,537,529
annual

.

X^X^XxX

-

'

•

-

_

.

»

"

-

.

,

..

...

—

'

.

"After

end

V.

depletion, depreciation and reserves for income and ail other
450,260 shares of capital stock.
JAfter $50,000 reserve for'
development, $22,891 for taxes and $68,722 for depreciation

depletion.

162,

p.

;

,

.

"

.

.

'

*

•

income._______—_«—
charges..-

Other

Provision

^Deficit after $26,830 for depreciation and depletion.—

2016.

Grant Co.—November Sales Off 1.89%—
1945—Month—1944
$
$

•

sXfe.s"
—v.

1:2,

:
p.

2271.

16,650,676.

-




$

.,

$

..

-

■

16,972,101-151,791,331 147,717,044
'

'. XX-

X

X

f

,,X

X. X

Fed.

taxes

on

.

.

income

paid

50c.
30,

286,151

1,200^000

1,115,000

91,693

(net)

common

stock—$1.25

ner

share

.

for

six

months

ended

1945—

162,

p.

Sept.

...

-

■

reserve

and

for

$0.97

contingencies,

minority interests;

$1.22

Federal

income

785,000

shares

tOn

and
of

$1.54

excess

no

par

profits
class

$1,158,207

stock.—V.

B

;

162, p. 2943.

Houdry Process Corp.—New Contract—

'

*

•

,

The
corporation
Refineries, Inc., of

and
*

2942.

X

1

per

1945,

"After
taxes

171,441

,

$790,652
on

share during year'ended March
31,

—V.

$2,730,798

27.881

-X_-r_

profit—

Dividends

1945—11 Mos.—1944

.

for est.

$2,110,226

.

X

Minority interest in net income of subsidiary

X-; '■

Net

(W.T.)

Period End. Nov. 30—

tEarnings per class B share

Total

+On

taxes.

deferred

*

r

unit, the

-194,179

485,44G
•

gaso'ine
stock

announced

Alma,

Mich.,

contract

a

with

a

first small unit to be built with
production.

daily.—V.

161,

The
p.

unit

463.

will

supply

-the

Leonard

catalytic ^racking
capital for post-war

private

process
•

to

thermofor

3,000
'

barrels

of
'

charged

THE COMMERCIAL

Mpnday, December £4, • 1945

S FINANCIAL CHRONICLE

3074*
$1,035,354;
interest accrued,■ $189/134 ;;-hther:
liabilities, $241;960; reVenues +bilied 'tli'- advanCc,

accrued,
*

"'■

:562,'670
174,051
7,408,334

627,438

Operation

132,590

Maintenance

'146.833

,

1~.

Depreciation

;

1,487,282
Jl,673,573

for

Operating 'revenues

-250,000

250,000

iexcess

140,349

121,795
*"

Net opef.

(net)——

$316,394

.'-Gross' income

-

71,875

mtge.

on

•

-

4 430

"

$5,183,332
; 876,188

"r$233,372

income.—.;———
Dividends applic. to- pfd,
—V. 162, p. 2271. •' , ;

$268,197
period--—

stocks for

•;

126,300

:

•

corporate purposes.

$39,912 >
v.. 23.845

.

$388,863
243,729

$ 369,582-.,,
-224,T64

$39,959
24.-J..5

share

per

deposit

on

v.

i

A.—Histing. of Stock

authorized the listing of, "Amer-

York Stock .Exchange lias

162,

p.^i769i •

.. s

-

income

Earnings

per

1945-

•

i

and

.

_.fc3

-

>

2,510,340.

profits taxes_-

excess

^-V.

p.

161,

$,016,4Q0 '

.

*

1(

: j,

V .

;

Net

9,573.387

proposed -split-up

771,2X0

sh.

income * taxes, -etc.

"-V.

on

■

-

£

t

-

sent to stockholders A-fr. -Watson
for a stock split-up. "eliminates ..our
dividends.1'—V. 162, p, 2818.

162,

-

f ' /

-

>>

Net

has

directors

The

: "Based
fiscal
V.

recently

authorized

$19,500,000
stock

were

The

proceeds

be

to

Period End. Sept. 30—

Operating

revenue——
income (net)

Other

Total

$243,569

——

sold

Illinois

as

the
and

proposes

Int,

Illinois
a

of

common

$320,263.

stock

Subs*)—Earnings—

-

Stokvis

profits

cess

Divs.- 'declared

the Torque Co.. which has a capital and surplus
of $151,724.
;; '-V;-,.;;; ;;Y■..-rv'4,
Finanqial statements of the Indian Motocycle Co. given stockholders
show
that for
the year'ended Aug. 31. the company had a net
loss ,of $617,108 and
that operations for September and October reculted in a loss of $165,025.—V, .162,. p. 2643.
the

-

Other

,

1942
$3,072,282

1,132.491

1,159,941

1,014,763

'998 152

$1,145,332

$1,075,209

SI.062,987

504.875
—-

BALANCE

plant,

504,875

75,005

$532,415

$560,836

SHEET AS OF OCT.

$25,048,267:

.

504.875

37,919

79,621

8566.737

Bal. avail, for divs...

ASSETS—Utility

504.875

100.315

charges

31,

1945

$483,107
■

;

'

.

class

$1,500,476; U. S. Govt, securities, $450,000; -accounts
materials and supplies. $122,337; special deposits,
$4,718; pest war refund of Fed. excess profits -tax. $65,940; prepay¬
$9,413;

cash,

receivable.

$375,582;

ments.; $11,429;

miscellaneous
:

debt discount and expense,
$20,758; total, $28,299,525."

unamortized

suspense,

common

054,900;

$690,605;

3 Va % series due 1966, $14,425,$4,000,000; "5%. cumulative preferred stock, $1,consumers deposits, $120,599; matured interest, $2,880; taxes

LIABILITIES—First mortgage bonds

000;

:

stock,




,

1,195,560

income

'. Gross

772,768

5,838,633"

1,021,903

6,597,977

T
•

—V.

5,415,555

-r-v, 162,

Paul

Y

'

,

' »''<

•

-

"623,706
202,260

153,067'

'2185,563 ;

"

»«. '*
1 1,577,120 "

525,706

:

186,400

(deiicit).

$311,094

,385,484

;

International Salt

H

O.K*:",;

.

•

570,073
$271,004
o,

312,050
$458,7.47
'

3,069

13.553

;

jiy.

$3,017,423
4,521 "

$2,982,534

$778,973
;

32,996,088 $3,021,944

$782,041

-W"/> f

—

and general supervision .of field

His

principal

.selling..activities.—-V. 161.

eoftK>ratioii;ihas;>beeh changed

■218,001

•

..

-declared-

a

dividend

$2

of

per

share

on

-the

prior preferred stock, no -par value, .payable Jan. 15 to holders of
record .Jan. 2. Distributions of $1.50 per share
were made on Feb.

" $573,715
.

Div. Accruals—

"Kinney Uo.; Inc.—Wipes Out

Tne ^.directors-have

.""'.fi:

'Y >;•>//,k'2

$5

26,

1

25,

May

1944.

The

Co;—Secondary Offering—The First

Aug. "24. and Nov. 23, 1945, and in each quarter during
declaration will wipe out .all arrearages on the issue,

current

-r—V. ,162,; p.

2273.

■;

V

Kobacker Stores, Inc.- -EarningsV:

1944

1945

9'Months Ended Oct. 31—

$14,413/147 $14,232,869

—.2---

Net -sales

Net -after

XXXX-

Co.—Partial 'Redemption—
There have been called for redemption on Jan. I,rl946, a total of,
$95,000 of first and refunding
sinking;fund mortgage bonds due
Jan.
1,
1947, at 102ta and interest.
Payment will be.made at the
Bankers Trust Co., trustee, T6 Wall St.,
New York, ;N. Y.—V. 162.

Federal
Net

Paper

1,387,001-

1,675,304

1,000,464

2643.

.

I.

,

'<

■'•:

:

.

(Excluding

Wholly-Owned Canadian

after charges

Federal

Net

inc.

&

profit

162, p.

!!

:2-

profits
"

Earns..;per shr,
—v.

exc.

taxes—

Y

on-91,198 com. shs.

1770.;/.

...";

•

Subsidiary) '
* 1944 • 1-

;1945 " "

Quarter-Ended Sept. 30—'
Profit

\

Silver Co.—Earnings—

$1,180,164
■

"895,500

$1,911,5601,436.700

1943

•.$1,486,315
il,091,70O

$284,664

$474,860

$394,615

S2.16

"'$4.25

S3.27

-

—

common

per

1,198,150

3386,537
$0.68

.

$477,154
$0.87

the 481.119 common shares after giving
split-up end after dividend requirements on

* ' r/Based-in "both/years
effect

•

"-

International

profit

to

six-for-one

preferred stock

-

....

charges_—„__
provisions

tax

"Earnings

v

p.

.

fire-fighting

Inc.—Changes Name—

2 It is announced that the name of this
Gladden (Products -Corp.—V. 161, p. 1035.

Y (G. Rd

Corp., on Dec. 11 offered as a secondary distribu¬
tion 10,050 shares of common stock (no par) at $57 a
share.
Concession to. NASD members 90 cents a share.—'

International

i,« '

,729,595 >$1,726,696
$1,729

■>'

to

559,132
*r.;-

t

'.570,;.'

;;

/1,295,248,

1,266,492

320>195.
$461,847

Eberliardt has been elected Vice President,
(include
management
of domestic, sales of

W.
will

Kinner Motors,

:

•

1,577,120

618,143'
.

(COMPANY ONLY)

5,195,049
Y

5,195,025

1,731,579

t

Boston

V. 162, p.

_

$900,512

$871,067

.

:

$770,798

1394

p.

equipment

<

,

,,

10.969

---——2.

income

duties

2G43.

p.

$264,029

s

^

378,722 -.ir&t...

378,720

-

(Walter) Kidde & Co., Inc.—New Vice President

1

969/400

1,314.000

264;850

306,650

against

net

456,068

94,681

S759.828

income

(net)r.45W'

income

162,

*

-

,

'Net

•

...

a^d other deducs.„

882,638

5,321,421

•

ofisubs2.i--2.J_/;

Consol.

$1,735,300
456,066*

$1,705,855

-1945—3 Mos.—1944
1945—12 Mos.—1944
$3,600,685
$3,479,194 $13;864,109 $13,395,754
2.840,856
2,700,222 10,881,574 10,378,330

30—

and taxes..

operating

Int.

286,540

Of subsidiajfiesi.

it. come

...

>

,•

.

KENTUCKY UTILITIES

OF

revenues

exps.

U Net

„

1,850,438

1,731,533

*ojj
basis not

EARNINGS

Other

1,300,764

/A stocks of

Other chgs.
.

..

114,017 '

>

94,680

$240,065"

Operating

257,352

2

Come

114,017

stock

pfd.

jr. pfd

Period End. Sept.

Minority dnt. in net ini

..

$472,727

$448,762,:;,

—

G'-r

on

Oper.
.

7.085,970

-

1,195,560

-

-

ex-

requirements

full- a'ccrual

'

investments and fund accounts;

'

$826;431" $3,132,897 ; $3,194,734
353,703 ^ 1,427,042 *
1,459,434

1,011 143

$1,171,926

deductions

^

1943
$3,222,463

1,081,230

taxes-

income

Interest

,,,,

1,139,230

__—$3,144,137
retire..
1,161,030

revenues

Oper., mhint. &
All Fed. '& local
Net

;

1944
$3,444,503

1945 ■

12 Mosi End. Oct. 31—

Oross

■„

13 ,991

345,834

Balance

1;834,350

currently -declared on
"pfd. stks. Of »stibs

capital stock of

Indianapolis Water tCo.—'Earnings-—

398,520
-

taxes..
on
pfd.

subs,

piv.

-5

3,221

S

$3,18Y784,
4,952

$3,118 ,907

$734,597"

deducts...

etc.,

piy's. on 7^<

- -

6.708,620

2,357,057

398,520

-

' *

.

-

profits taxes—,
inc. and ex-

cess

increase in the capital,

and John Stokvis in exchange for

$823,210

11,014

income

Divs,

<6,407,358.

6,534,331

2,067,280

2.273,091

_

disct.

and

income

S.

U.

also will pay 14,000 shares of common

Indian

of corp..

debt,

of

Net

,

$8,465,890 $29,689,706 $28,363,348

-

Canadian

to

Edward

to

debt.

and expense—'—-chgd. -against operations
1—•

to 1,000.000 shares to"
purchase the Ideal Power Lawnmower Co. of
Eansing, Mich., and the Torque Manufacturing Co. of Plainville, .Conn. %
;
Under the contracts,- Indian Motocycle Co. will .pay 54,000 shares of
its stock
for the Lawnmower firm which has ;a
total capital tand
surplus

1,476,234

* 58,930,830

—

of subsidiaries-_

-and

company

always

alphabetical

$783,584

■

income

Interest,

566,358,288

Deprec.

Indian Motocycle C«;—-Stock Increased—

the

"Subs.)—Earns

26,653,546 <^2%646;940 Y
4,293,529
.3,940,671*

9,818,595

1,495,408

funded

Amort,

-

enable

taxes.v

income

oper.

not

alphabetical

1945—3 Mos.—1944' ' ' 1945—12 MoS.—1944
83,807,211 .83,690,015 $14,711,759 $14,254,443,
3,023,628
2,866,806
11,592,852 11,064,660

— „

Other income

inc.

.-4.a—.2,160,425

Int. non rdebs.

plan a? soon as possible.
This program >wiir call for re¬
the balance of the first hand collateral 4s, together with the
roughly
86,000,000 debentures and 'the $3,000,000 balance
of the,
bank
debt
to
be 'outstanding
after paj-ment of the forthcoming
/serial maturity
of $500,000.
.
<
' The'-company probably will ask for bids 011 the new bonds early
in February.—V. 162, p. 2818.

011 Dec. 14 -authorized an
shares of no par common

Net

is

it

reasons

.

9,255,962

than

profit

on

etc.,

common

placing

-

$1.10

pur-

s

—

taxes)

.

refunding

; The stockholders
etock from'250.000

revenues

Oper. exps. and

"1945—3 Mos!—1944
1945—12 Mos.—'1944
$21,319,061 $21,378,032 $65,617,173 $64,954,351.
523,564
449,918
1,558,941: • 1,403,937

power..

(other

Gross

to put through

'"

possible.

-Period End^Sept. 30—

Operating

■

.

$21

$218,619

,

to arrange companies in exact
However, they are always as near

position

•

.

$1.14

mechanical

NOTE—-For
order.

bonds-

.

management

Co.'s

Power

about

outstanding.

bonds

237,680

$1,31
,
.
150,000 shares of common stock outstanding at close of
after
allowing
for
preferred dividend requirements,—
1514,

possible

said Ihnt the
previous >poliry:

$21,842,626 $21,828,000 $67,176,114

incl.

exps.,

chased

•

_

revenue

Maintenance

the -approximately,

sale of

from the
latter's

received

a
subsidiary.
The
publicly on Dec. 11.

Co.,

RR.

Terminal

331,968
119,128

on

162, p.

Total

Taxes

redemption of
trust 4er

the

,456,299
'

year,

;

—

International Hydro-Electric System (&

.

Proposed—

of the first
mortgage and collateral
1973, of which there are 863,000,000 par value
Funds for this redemption will constitute-most of

$6,746,662

384,990;.

profit

Y;r:

1943

$7,105,273

628,559

charges

;

1944

-

1945

Sales'Ui—$8,100,085

.

Redemption—Re¬

$19,000,000
of

.

^Earnings per common Share.
.

with a concession to dealers-of

(no oar) at $64 a share,
$1.50.—V. .160, p., 720.

• ;

;
,

i ■
laillSi

2273.

p.

Federal taxes

Secondary
Offeringr-A. _G, Becker & Co:, Inc., and GlorC, Fdrgan
& Co. offered Dec. 14 10,000 shares of common "stcc'k
Products Co.

Cellucotton

International

on'jC^^;.
j'of

...

,,,

calls for an increase in
to
1,000,000 shares of $5

,

Just

letter

his

annual stock

Oper*

of Debt

}S1T1S3

proposal

Net after

.

21.

In

to the company by . the
authority t6 purchase the properties of
the
Mississippi Valley Co.; which will give it direct control of the
Oulf & Ship Island RR. Co. and the Yazoo & Mississippi Valley RR.
Co.; to purchase Gulf '& Ship Island and Yazoo & Mississippi Valley,,;
properties; to acquire joint control through stock ownership of the
Meridien
Terminal -Co.;. and- to lease the properties of the Baton
llouge, Hammond &'Eastern RR. C6.,i the •Louisville, New Orleans &
Texas RR. Co.; the Alabama & Vicksburg RR. Co., and the Vicksburg,'
Shreveport & Pacific Ry,,'Co.—V. 162, p. 2943. -

funding of1 Balance

'

'

'

9 Mos. Ended Oct. 31—

would

recommendation

funded debt.

Plans Partial

$336 885;

'

t On <300,000' shares'

share of:common stock
Stockholders, of record
'
'
'

one additional
share-held, on; Jan. 25.

distribute

Kennedy's, Inc.—Earnings—
Net

,

included

—

'

'

the authorized capita! stock
from 500.000
par common
stock and for
cancellation of >114;121 shares of a^tock held, in the-company's treasury."'

r.quarterly -dividend of, $1.50 per:
which would result- from the
the basis of five shares .for each lour shares

the .present

Feb.

U-

;

Illinois Power Co.

•

be entitled to;vote at the special meeting........

| -Kentucky Utilities Oo. (&

They

c

.

.

■

represent the same" cash distribution now being made
capitalization. In previous, years the -company, also
"of .5% .<
"
President, said this recommendation would be
made to directors following the stockholders' meeting
scheduled for
Jan. 8, at which time they will be asked to approve the proposal to
increase the capital stock; to effect the distribution..
- If
the., dividend
recommendation is approved, the" first quarterly
dividend for 1946 will be payable March 11 to stockholders \6t record

Consolidate Subsidiaries—• ;
The Interstate Commerce
Commission has authorized this com¬
pany to
consolidate the owned and controlled subsidiary lines into,
Commission.

>$335,743

$397 808

;

$1.4i:'"^|,;;^;:i*$l^3Y:M;;ib;':$l'-i12

,

_

'

The

,a stock-dividend
Thomas J. Watson,

Illinois Central RR.—To

system preparatory to refinancing its
Six
authorizations
have
been handed

'

-

$4,861,014 $57,401,045 $51,948,254

$422,729

Jan. A will

paid

of

its

'

593,865

.share

com.

;

on;a' proposal to
Feb. 1 for each

-Corp.—To Pay Same

t"

This

'on

•■

2516.

p.

;

1945—48 wks.—1944

1945—4 Wks.—1944

depreciation, -<Federa \

"After

•

The corporation intends -to-declai'e a
share on .-its increased capital stock

.

10,998,848
8,742,322

11,081,324
8,930,099

1,288,905
1,044,878

1,011,805

income.

oper.

:

ird.Sales—
Inc.—Has Record

profit
,

Increased Shai>es—

,;

114.617,448 107,092,842
7,411,735 -82,070,177
74,858,050
2,782,482
21,465,947 21,235,944

1,644.865

tOn

,

"•

v

Insurance -Group

to

Rate in Cash on

107,258.681,,
169,363
165,839

16,614

'

-j.

contingencies

161, p. "2661

*

;•<£; ;..f-1

*v

1143

.Kalamazoo Stove

t Earnings - per

distribution

cash

semi-annual

declared

11,483,122

income

162,

;s;

12,230,057

revs.

'

Net

V/.y.;

-•

.9 Mos. End. Sept. 30
♦Net

- of 3.75
cents per share has been Y
shareholders of record Dec. 31, 1945,
payable-Jan. 31, <1946. Like-amounts were paid5 on Jan; 31'and Aug. T, •
this year,—V.-162, p.J1640.

' 'A

•

■

11,499,736 114,786,811

Operat. exps.
Operating taxes

—V.

•)

common' stock.—V.

-

held

12,247,234
17,177

Operating revenues
•
Vncollec. oper. rev.—
Operating

g

..

share_._„C.

common

'

"

1944

•

$1,■4)1.662 ' $1,421,273
$2.29 ■?:•.*"" $2.32
$2.20 >Y

161, p. 2443.

.

"Dividend—"

Institutional Securities, Ltd.—Usual

1045—10 Mos.—1944 •

1045—Month—1944 ;,

Oct 31—

Period End.
".y

1945

$1,475,558

.

Co.—Earnings—

Illinois Bell Telephone

,

■

'

.

$0.43 ;
"

2787.

.

,

7 -247,690. ;; —V.

i

JT

International Business Machines

$0.51

v

,V"

:

•

LlJ$1,-38 '
-$1,63;
The, report States that
renegotiation proceediirgs;> for IG44 have'
progressed to a point where it -is expected that - no refuiid will be- '
required. ■:,
-,
' ■
t \- ■ **; "
"While -it is impossible to 'determine 'the -effect,lif any, -of jrenegotia-j r
tion for'1945, but based on factors believe dto be considered in such renegotiation it is not expected that - $ny refund^will :.be ^required lor
the .nine months.—V. <.162,".p. 2016.
- "
v
' *
"
*
- n

Sept. 8,'45 "Sept. 2, '44 -Sept. 4, '43
$177,320
$229,002.
$198,581

$0.38

.

1

'
1944^ f
profit
56,310,,08^Jf^f6ei>'7,Hf;«^ Earned per common

1

•

Earned per share 1

paid. Total disbursed in 1944 was

share

common

Sept. 30—

'

On'

made

,

^'Net profit
1
$l,385;H7* 81,997,68aNumbe¥:»of tcommoh'Shares7^^j>i-'i^^Li_ii'4*>y Y/759,325jY7V759,325-''-

and . Redwood <Sts., Baltimore,;
of said bonds.—V. 162, p. 1282.-"

Corp.—-Earnings—

Ended—
*
1 ■
after all charges--/.—.-

Was

share

per

:

Subs/)—Earnings—
*

^

amortization

tor

income

Federal

on

Hummel-Ross Fibre

cents

.—

Provision

.'Co.—Pays 40-Cent Dividend—
;
Dec. 21 paid a dividend of '4Q cents .per share on ; :
the common stock, par $5,
to holders of record Dec. 14. A similar"
distribution was made on Sept. 29, last, whjle on March 31'•and June

36 Weeks

-75-

162, p..29,44.'/

•t

Howe Sound

30, dividends of 30 cents each were
$L75 per share.—V. 162, p. 2271.

!the

y:;

•' ^. -, V'.

_

EndedSept;"30-^-

g Months

Operating 'profit-:

Offering—Blyth & Co.,
Inc., on Dec. 11 made a secondary offering of 2,500 shares
of 6% preferred stock (par $25) at $27 per share, less
dealers discount of 60 cents.—V. 162, p. *2643. < r
'7

Wet

distribution -of

Period End. Dec. 1

Industrial Rayon Corp. ■(<&

Oil Co.—Secondary

company

cash

Jewel Tea Co,

;

s

•

The

special

$3-, last -year.—V."

shares' of
:

and

one share of common stock of the paiv valuej of 1C0 pesos<• '
(Mcxlckn currency )7of- Industria.-'Electrica Kle >M&xico;>S.A.o '
under a deposit "agreement dated as of feepUVdo, 1945.'^ *

represents

receive payment of the full . re¬
Feb. 75,-1946, at any time at the

of the 4ft" bonds, may
plus accrued interest to

cash

Shares."
Each .;7.<Americai\'/$i>are,3 Ussuedl>,fcy7 tfhe; Company- ahd
authenticated,, by Chase National Bank,
New .York, -iis 'depositary,

. ,

Maryland Trust-Co., trustee, Calvert
Md., upon presentation and surrender

in

cash, vpr;. at 'theVoption 'of - the-shareholder,-iiin'-stock -at >its h
share at the dlose -of ^business 'Dec. >22, -1945,
\>i,'?•(

and7
v-'After' charges
and Federal
taxes and
reserve
for
1(1945, $ 1.500;000;' 1944,$3,150.000;" 1943 7:$3,275,000i,
13,

2643.

p.

'

t

record '

to, stockholders <bf

will- be -made

distribution

:

of

lean

-an t;
bonds, the pro¬
ceeds to
next, all; Of die;
$3 200,000 outstanding first mortgage 15vyear'4% sinking
fund bonds due Sept. X, 1955 at 101% and .interest, /and/

-

regular

^

^

dividend

''Capital «Gain /Dividend"-

>;

income'_._/,.l

oper."

The New

;■

•'

'1,105,650

Industria Electrica de Mexico, S.

$2;963,812
374,730-

$4,500,000 2.85% first mortgage
be used to redeem on Feb; 15,

Houston

The-

regulhr 'quarterly

both, payable "Dec. ,24

Retail sales —$6,090,543

111,933

389,588

r^V'/V:,;;

-

"Net

—V. 162,

Privately—

Holders

-

; 'Net profit
'/;-tEarnings• per

oper.

Net" .income

,

Houston Natural Gas Corp.—Places Bonds
Calls 4% Issue—The company has placed privately

demption,

in

the

$sdahd :CVeCkf(?oal Co. <(&'Bubs,)—Earnings—

:v

' $1,981,002

71,209,589

special -.year 'eHd

share,

Dec.

;

....

106,165 '

declared

a

net-,»sset "value'per

prop.

"962,500

$2,886,882

;

for other

per

special

Operating.'taxes

$4,104,545

1,338,256

10,525

.

of

lease

for

Rent

17/024

_

82,006
6,7l7if7:'7tfl5I475"'--r'V'i''82,006

Net

issue of

$2,10

4

and

share

v

$197,107. .$2,078,623

134,633

Oper. expense's ■

$4,147,521

49,989

$374,405
80,208

"

•

bonds—Y
Amort, of debt discount
and expehse-:-—1
Other int. and deducts.
Int.

,v:--.200

Dec.

on

per

Dec.-*12. v

,

$2,03.0,682 $1,983,002
.;;,2v039.000 /•■

$197,307

,214

$213,581

revenues'--tit*

Oper.

,.

.

2,261

4,476

,

r

$372,144 --$5,133,343

$311,913

revenue--i;

Other income

3,943,475
4,212,725
1,426,598 '; 1,320,270 •

393,967

323,449

:'

taxes

$213,795,

;

oper._rev,v: •;V

Uncoil,

directors

cents

of

9 Months Ended

Fed.' inc. and
profits taxes-i.

other

All

The
25

A
,

.1945—Month—1944 —>1945—10 Mos.—1944

31—

Period End. Oct.

^Investment tCo. of America—.Special ^Distribution—

v;

v.;,.

-

Corp^—Earnings— i

Indiana Associated Telephone

>200

jj-—7

and

$29,039; earned surplus, /,

reserves,

$28,299,525.rrV. 162, p. 2272. .; / Y

,

...

repairs
IProv.

$1,978,667; (other

for
depreciation,
$2,425,773; total,

<^29^13,
.1,719,794 v
1,300,000

'<>020,932,

i

currant

>$8,006; "uncustomers' advances for;construc¬
tion, $196,873;'^ntrjbutionvia"<?%id of iconst^uction, ,,$2,.565,178; reserve
accrued

amortized.premium an debt, $26,162;.

-

lim. term
electric investments...,
Prov.
for
maint. and
of

Amortiz.

$1/751",415

$i;664,223

^ .7 •,

(

Mos.—i944,
$20,942,203 "$20,079,923 ^
1945—12

1945—Month—1944

31—

revs.—Elec—

Operating

Co.—Earnings—•

:& Power

Houston. Lighting:
Period End. Oct.

.

New
Harold

now

on

outstanding.-

Secretary &
R.

Weinberg has been elected -Secretary -and
H. -Varney, resigned.—V. 162, p. 459.

succeeding James

/

.

Comptroller,

'

& Baking Co.—Sales Higher—

Kroger Grocery

,j: >

■

Comptroller—

'

;•

/

1945-r4 Wks.-r-1944
,, 1945—48 Wks.—1944
$40,127,209 $35,848,677 $414,733,532 $409,412 348
The average number of stores In operation during 'the four weeks
ended Dec. 1, 1945,.was 2.746. compared with 2,910 stores during the
corresponding period of 1944.—V, 182, p. 1891. "
/;Period End. Dec. 1—

Sales

—

,

,

.

,

;

•

Volume

(S. S.) Kresge Co.—November Sales Up 1.2%—

.

v

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4449

162

Period End. Nov.-30—
>' *'
'»

1945—Month—1944

v'

Sales

-20,349,118

.The

in November,

company

pared with

■■'

'$

20,113,793

1945

had

707

250,000 voting shares
(par $10)
($.2,500,000) and a 5% notes, due
1, 1955, in-the amount of $3,200,000,- The lerms of the merger
provided that the preferred .stock and note continue to be outstanding
as and
constitute preferred stock and note-of the
company and that
the outstanding capital stock of the predecessor
consisting of 189,300

•

1945—1) Mos.—1944

$

1

,

189,287,680 ,183,519.300

in

stores

operation,

714, in the%same month, last year.—V. 162, p. 2394.

com¬

shares

La

Co»s9li^Ma, ,S. A.
Offered—-Shields & Co.,

Shares

American Preferred

—

...

the

75

r

'in&ke

available

been
xipt
r

.able

to.

.

anything

-

n-For

the

enough

like

,

of

which

these

will

primary

satisfy -her

to

now

steel

The

produced

be

.

demands.

by

the

terms

•

initially issued -by

,

,

the

when it

company

J

that the capital stock

the

was

;

-Northern

Field

Coal

and

Net

rJMto

-t

Profit

,

i- IS^et

tax

>•

jpxovision

operation, Mexico has had
to, import,
making more dif¬
ficult-her-, exchange problem.
The Mexican,: Government, >aw,are of
'this change in the foreign exchange situation, has restricted the

of

—v.

.

A

$165,175

\

.•■••••.

V;

.

total of $1.50

$97,175

400,000

400,000

Gross

SO. 14

$0.24

Costs,

:V

also paid

was

•

1945.-r-V.

year

6

Months .Eudqd

Sept. 30—
-V-—'--—

,«of

Finance,

held '.ft

Suaxez,- has

Eduard

tight

string

importation

on

'.!■] Period

Nov! 30—

End.

-i

1945—Month—1944

.

consumers'v^ods.

investment

in

-

v

L_

$1.22

1944 and in

'

1943.

2662.

p.

1945

,1944

1943

$3,575,190

1,748,463

1,879.465

$4,110,13(1
1,919,664

422,536

460,386

647,28a

55,550

73,109

81,281

$1,162,230

$1,461,8971

$1.47

$1.46

$1.83

t_

income

'Earnings

has

He

,,

$3,398,901

.

Net

Sales
f $7,981,613
$7,865,752-. $74,312,625 $69,411,984
long advocated home industry ,and
w~y. 1.62, p. 2944. - >'=•
;>•/" v"■
such as this new undertaking of Con.'.fiolidad.a which will produce in Mexico; goods of primary, Importance.
Liberty Baking 'Corp.^Accui-nulated Dividend—
It -Las long been recognized hy--Mexican economists that the most
•
■essential step in the industrialization bf Mexico is ,,a well- integrated V
The directors on Dec.• 7 deolared' a dividend of 50 cents per share
!;and modern steel industry. ; For some time there has been .ample
/ on account of accumulations on the $4 preferred stock, no par value,
production -of -pig iron find steel ingots, but without adequate rolling * •' payable Jan. 10, 1946, to holders of record-Dec.
21.
1945.
A like
-mill capacity this steel could not be fabricated for Mexican needs.;
amount was paid ,on March 31, June
30 and Oct. 1, this year, and on
1
This expansion program ,of La Consolidada was star-ted about' .a
Dec.
2.8, 1944.
Arrearages, after payment of -the' dividend just de;year ago.
Thorough engineering and the manufacture of the basic
'"clared, will amount to $29.50 per share.—V. 162, p. 1515." • • • ' J
•equipment have been about completed and the, mills' electrical equipXttent, building materials-and the necessary incidental equipment are
Liberty Loan Corp.—Earningszno-w, being
.shipped tfi Mexico.- . The
company
has stated that -it
.•expects- the mills .will operate-before July 1, 1946.—-V.
156, p. 80;
Vr- 9 Months Ended Sept. 30——• • ■•'■■4
1945
1944
'
TV, 162, p. 2819.
■
Net profit after charges and taxes'-V—-$88.751
$43,470

cpf

1945

$47,973,654
1,437,790

Rose 1.5%—

1945—10 Mos.—1944

~

30,

$1,172,352

income

including development
'•Tax-provision' j
Depreciation

;

Stores'Corp.—November Sales

Lerner

•

-

in

161,

—

many articles jot ipianufacture much heeded by the-economy.'
Rather than .endanger her now -excellent fiscal position, the Minister

;3mport ,of,

SEPT.

M^Intjtre porcupine Miiies, Ltd*—Earnings—

.$55,795

-

share

per

margin for ,the -calendar

400,000

v'

ENDED

68.000

..

$0.1.6.

161; p. 2110.

MONTHS

Max-*M6Graw, President, announced it would appear that dividends
totaling $1.50 ,per share for the year have been earned by a reasonable

.*

54,000

NINE

after

McGr.aw LJectrjic Gp.-^-Deeiar.es Extra piyidend—
The .directors have .declared an extra dividend -of 50 cents per share?
the capital stock, par $1, payable Pec., 29
i^o holders of record
Dec.' 15-.
Regular quarterly distributions of 25 cents -each are being
made, on this issue, the last <qne of which was paid pn Nov. 1, 1945.

'

1943

$i09,795

FOR

sales

profit

$64,663.

shares-LA^--v

capital

..Earned -per,share

■

Mr.

(on

•

1944

y

65.000

. .

Profit.,

-•Number

solidada

-1S45
$129,668

kedefai taxes_i--^U-~'

before

Federal

/

A,

Sept. .30—

succeeding

,

»/,
V

Subsidiaries)".^

'(Including Domestic

Months .Ended

President,

~

fink- JProdiicts Corp.—Earnings—

^
3

becomes

•—V.

..

.

Committee.

President,

charges and taxes-—1
Earnings ,per share on 990,278 common sltares—
:162, p. 2819.

that

canceled

be issued

.

,

;

stock, he

common

EARNINGS

..

•Net

wit,h respect thereto, (b) that the demand
note of $5,700,000 be canceled and
loj that (.he members of the board
of .directqrs^
^predecessor and its ipSiicers automatically1-become
the .directors and .officers tpf ^ companyr on the effective date .of the
merger.—V. 16.2, p. .2110,
;_-•

/

Executive

162, p. 675.

McCivory Stores ^Corp.—Earnings—

y

•

.

the

Fierce, Vice

\

further provided (a)

.jjp.fc'sh.aih8 -.of

shares of -stock

no

Con-

New

,

the merger

of

-Co.,*'-cons^tihg!

»';•*

1

arid

products

*.

...

of

MarvUa

Warner.—V.

AvSuppdemental ,in4ent\ire will he executed by the company io evithe assumption .of the .obligations just ./described in
accordance
applicable provision of the predecessor's indenture.

part jot the new operation, will
wire rod.,: Until now Mexico has

the' most

only

.?•■'

•

..

*ir

-

ejected Chairman of the Board of Directors, succeeding Henry
Fisher, who will retire pn .Jan.
1.
1946, after serving in that
for 28 years.
Mr. Fisher will continue as a director and

•Chairman

the

-

with ,qn

is

"first.'time'

the

for

produce

products

■

mill,' which

under

2645.

p,

capacity

dence

.

.

rod

issued

merger

'

.

10-inch

the

of

162,

been
J.

refunding mortgage sinking

series

•

.new

constitute .1.89,300 shares of common
(par $10).- .C.ompany, as the surviving corporaobligations of the predecessor, including the

such -predecessor's first .and

•:'/" that indenture.

••••/,--•. :
~
<
;The proceeds of this ..issue will he used to finance 4he construction
<pf 4 new st.eel mill to cost approximately $3,000,000.' /..-"v. v
r
it
ha Consolidu.da, largest steel company in Mexico, .was purchased
in 1942 by ;a group headed'by Shields.
C.o.
* ^•':/
<
Ground ; already has been broken by La Consolidada for »the pew
^Pilingi'-The minimum capacity will he 136,000 r1net ions per
'.-year;
this. jn.M wUl produce .many prpducts ^not rolled "at..present
/in".Mexico and will .open .Up many1 new lines tor Mexican manufacture,
the

the

all

Electric: Corp.-^V.

McCall Corp.—Changes in Personnel—
William B, Warner, President and General Manager since 1919, has

predecessor's'inriepture .dated Feb. 1, 1924 (series of 1924 and modified
.of 1932), as y ell as all obligations of the predecessor under

.

"

per

L*w.

company

v* fund bonds, outstanding -at the time
;t

on

share, Mexican currency; less shares sub¬
scribed for by the common stockholders pursuant/to
•their preferential:right of 'subscription under Mexican
pesos

assumed

payment ,of

Hemphill Noyes h Co., end
Dec. 20 headed a syndicate of
Ajmerican bankers which offered at $16 per share 166,.667 American Preferred Shares, representing
166,667
shares 6% cumulative preferred stock of the par value of

White, Weld & Co.

of

:

Co.—Proposed Acquisition—

S^e Pennsylvania Gas

,

$50) become and

(par

stock

tion,

\

Lowell Gas Light

Jan.

1
.

:$

'• '

3075

•'

capital .gqods,

per

common

share

!"On 798,000 shares.
For

■

( to

the quarter ended
Sept. 30, 1945, net profit was $592,288, equal
cents a 6hare,
comparing with $528,590 or 66 cents a share for
September .quarter of 1944.—V. 1,61 j p. 465.

7.4

the

-

.

>.'

McWilliapis Dredging Co.—Earnings—
EAR-NINGS

-

Earned

"

■

La Salle Extension University—Extra Dividend—
The

directors

have

declared

dividend

extra

an

of

10

cents

;;

—V.

\

JL-

share

gammon

■$0.91

profit

9

'

Months

Ended-Sept.

30—.W

:

current

Federal

1945 v :

•

(par

20

North

Wacker

Chicago,

Drive,

1943

$2,783,55?

'2,789,433

1,954,469

$815,054

V,$857,007

*'

9

$5)

shares

350.140

on

;

,

common-stock

More

■Class

[Jhas

than

A

:•

10,000 shares

stock,

it

was

been extended

on

'

■cents

the

on

class

'

cents

on

the

class

capital

were

V '

$2.44

The

York

Nev/
of

Curb

capital

(par

INCOME STATEMENT,
3Net sales
Cost of

has approved

Exchange

stock

-

SIX
-

—

v

•

charges and Federal

189,539

$2.34
$2.47
'' V'V

taxes

income.

on

—

159,

$125^19
2661.'

or

will have

$180,362,
66 cents a share

Previous

was

1944

Net

Net.

-

able

(trade),

$400,50);

v

monthly

over

a

Earned

1945

>

V

for

doubtful

and

$59,991;

(Cr),

notes

Line
■

missions

Gross

(.

Net

-

cdue

Monotype

tion

payable,

trade

creditors, $9,253;

Welfare

Months Ended

Sept. 30—

common

per

'--♦On 1,929,127 shares.—^V.
.

i

.

1945

-

and taxes $1,495,263
share—$0.77

after charges

profit

*

,

p\

(

162,
•

New

York .Stock

Dec.

pp.

' \; 1

2017,
.

corporation

law




30,

T

1945

of

953,440
:

capital shares
. .

.

11,

,

four

cases

days which

include sales

extras

„pn

the

com.

taxes

1945—9 Mos.—1944
$717,079
$679,586

$242,810

30,000

share—
and

30,000

30,000

30,00(

$7.82

$23.07

$21.81

-

.

$7,52

charges.—V,

-

162,

p.

12.

'

*

intends

retirement
Service

demand notes

>

to

apply

the

from said sale in-part to
debenture stock owned by Maine
($31,100 principal amount) and its
outstanding 3%
($340,000 principal amount),.all owned by Maine.
of

its

6%

proceeds

perpetual

Co.

(Maine

all of the
outstanding securities of New Brunswick except $7,900
principal amount of 6% perpetual debenture stock which is

$541,600

>

able.)

$1.24

•

is

.

The

balance

non-call-

of

proposed to be used

eral corporate purposes

;

from

5

:

to

time.

r

$1,808^404

shares

$10,800

$1,992,087
$1,353,210
'
610,600:"
510,600
/" $3.90
' "' $2.65

,•

Lowell Llectric Light Corp.
Ended Sept. 30—■
befo;re ;taxes—

/

Net profit

1945

\

.

.

^—

*

______

-V. 162, p. 783.

,

.

1944

*

$5^8,617'

iPede^al taxes

..

..234,679

1943

$493,795
185,593

$476,088
168,682

$308,202

,

$307,406

$303,938

Montljs jEnded Sept.\30—"
profit

Number

Earned

,of capital shares__
per

♦After

shore

"...

1945

\

_______

—__

"

1944!.

...

1943

$222,793

$221,704

$376,646

150,000

150,000

150,000

VS*

$1,#8

.

charges and Federal taxes.- -V. 161, p. 2662.

-

•"

>
.

j

;

-

bonds

162,

p.

2820.

.

other bids, two of which proyed to be
identical, were received
competitive sgle.
They were; 'First Boston Corp.', 100.079 for
2%s; White, .Weld & Co. and Kidder, Peabody & Co., 100 07^ for 27'asSalopion ;Br;os. & Hurler, 101.14 -for 3s; and Halsey, Stuart <& Co"
Ipe., -100.069 for 3s.

1945; due Oct. i, 1975.
i
;
National Bank & Trust Co., Chicago, trustee
principal rind int. (A & O) will be payable at office of the trus(
tee,
Chicago,/pr ?t option of bolder, g,t the office or agency of com¬
pany in New YorkCoupon bonds in denomination of $1,000
registerable
as
.to principal only and interchangeable with
fully 'registered
bonds
in ^denominations ,pf $1,000, .or authorized
multiples thereof
Bonds will coptftin no -tgx free or tax refund
provisions, arid will not
have any conversion or voting rights.'
Bonds will be
redeemable prior
to maturity as a whole at any time or in
part from time to time on

Continental Rlipois

v

least -30 .days'

at

no&ce, at qer^ain percentages.,of

the principal amount,
pnd sgle of the $2,200,000 of
pew bonds
,to be secured by a mortgage on the properties of the company and
b\
a
pledge of all of the common stock of the subsidiary
owned

PURPOSE—The

issuance

bv

is part of a general plan of refinancing of the
subsidiary, under which the subsidiary will

$2.51
-

the

company

ane

rimultaneouslv issui
institution, at private sale, $600,000 of Canadiar
dollar bonds designated'as its first mortgage
bonds, 3%% Series dui
1975, to be secured. by _a- mortgage -lien on the
properties of the sub
sidiary.
The plan involves, in addition, the retirement by the comnam
rind sell

'"

•9

of the company.
Service Co. below.—V.

Public

company,

.

Lynch Corp.—Earnings—

"Net

new

the

.the
:

the

Both

.

9 Mos.

of

Dated Oct. 1,

1Q4^

1Q44

12_—.—

—

sale

Four

at

'

;i

from .the

bid of 100.281.

'•/"

•

,$3.54
•i'A^ter charges and Federal /income and ,ex.cess profits taxes.—:Y. 162,
: -p. $642.
...
■ ■•" -v
-

-

proceeds

the construction or
acquisition of improve¬
the properties of New Brunswick and for gen¬

$2,200,000 1st mortgage and collateral trust bonds 2% %
series due 1975.' The issue was awarded Dec. 17
on a

pf 37V2 cents per share were made
Sept. 29,,-this year.
Prior to the stock
quarterly dividends of 50 cents per share,

Munths 'Rnded -Sept. ,30r—

-Net

also Maine

the
for

Maine Public Service Co.
Bonds Offered — Bear,
Stearns & Co., on Dec. 19 offered at
101% and interest

.

time

^Net profit
of capital
Earned per share

;

See

-v:/

distributions

paid

34th

$233,949
shares—

common

per

Public

June 30 .arid

company

other

was

at

buslne§s ^nsacted at Macy's-

on

Quarterly

7.

total

a

day was Dec. 17, when sales
increase over the same day

the

1945—3 Mos.—1944

income

Company

1,495,040

taxes

Number

-,)

the

of

Thursday. Sales figures in all

of

the

Loose-Wjjies Biscuit Co. (& Subs.) -T-Earuings
''

...

2i.l$>

first

with

topped

Life Assurance Society
principal amount of Cana¬
dian dollar bonds bearing a 33A% interest rate and due

-

.9

V.

a

the

Dec.

on

Sales

par to the Equitable
of the United States
$600,000

$17,517,157

1

__r_

million-dollar

of $1,048,172,
and

transacted

in Macy's history.
Dec. 13, of this year,

1975.

ENDED RRPT.

Wilhani F. Rodgers, Vice President and General Sales Manager, has
.k diMctor.—V. 162, p.. 189$; ; /t • • * •'<?'
*4

,

••''

Exchange has ,authorized the continued -listing

business

MONTHS

profit

th)s issue
splitrup, the

$1.03

Commonwealth
of
Pennsylvania on Dec. 21,
1944.
It became the successor,' by
merger, on Sept. 29,. 1945, of The Lehigh yailey Coal Co., at which
itime its name was changed from Northern Field Coal Co. to Lehigh
Valley Coal Co.
Prior to the merger the company was not aofively
-engaged in business, its sole assets consisting ,of a demand note - of
the predecessor in the amount-of $5,700,000.
That note ;hSd been
issued
by the predecessor to its parent,
nehigh Valley Coal .Corp.
(Delaware) for cash advanced prior to 1939.
The parent assigned
this note on Deo. 27,
1944, to the company .under its then name; of
Northern Field ,Coal Co., a wholly owned /subsidiary, in .consideration
of and in exchange for its cumulative preferred stock consisting of
the

NINE

$1,003,088

privately at

'

•

$)>992,585

«^$1.56

2)49 aijd R644.
,

charges

on

1943

$3,004,570

sinking fund gofd bonds, j5& -series pf )9$4, of The Lehigh
been assumed by the company, ,gs fol¬
1354 . (stamped), $3,000,000 due Feb. 1,

under

$2.03

''V

Co.—Earnings—^

FOR

on

Maine
Nejw Brpnswick Electrical Power Co., Ltd.—
Sells Bonds Privately—The
company
(in conjunction
yvith the Maine Public Service Co. financing) has sold

;

income.

on

Dec. 6 declared an extra dividend of )2& cents per
Vshare and a regular quarterly dividend of 37 V2 cents .per share on the
new common .stock, no
par yalue, which resulted from a three-for-one
sphf~up last MayThey are payab'e Dec. 31 to holders of record

1964(stamped),*-,$3,000,000 dpe Feb." 1,f 1974/(stamped).
i'The company was incorporated with fhe .pame of "Northern -Ffeld
Co."

taxes

The fourth

of

day"

time

c

$146,871

Loew's, Inc.—Extra Dividend—-New Director—

"Valley Coal Co., which have
lows: $2,066,000 .due Feb. 1,

Coal

:> 1,676

-\r$3.33

Federal

business

third

previous year,

♦After

(.been ...elected

-the'New York Rtock Exchange pf: $8,066,000 first and refunding

mortgage

year's

-

22,500

•

—

-The .directors

com¬

Government

Lehigh Valley Coal Co.—Cqjntinue.<i Lisjtmg^The
on

\

Million—

store's

day's

ments und additions ,to

customers'

,-••1944

$1.11

owns

plus

9

$0.90

"million-dollar

the

^ a

a

Earn,

24,901
V

V

No.

32.837

,

$225,562

-Earned per share on 437,912
—V. 162, p. 2395.'. ' '■

Lehigh Coal & Navigation Co. (& Subs.) —Earnings—

'•Earnings

2395.

p.

<

22,500

share___.
provision for current

Material

after

Net

bonds,- $3,126;
capital stock ($5 par), $1,252,315; capital surplus,
$565,912; earned surplus, $3,517,826; total, $6^199,368.^-V, )62,-p. 1770.

2Net

share

Mahoning Goal RR. Co.—Earnings—

'

$12,882; unclaimed dividends payable,,$3,173;
Fund, $750; reserve for taxes am) renegotia¬

(net), $4)6,493; due employees for purchase of U. tS.

1944 1

$126,214
113,164

112,855

Period End. Sept. 30—

\

$228,785

jax__—

sales

Federal

inventories,

-$n -accounts receivable, $29,361; accrued .payroll,

aqd -royalties,

110,228

,

$305,245

—

EARNINGS

,

LIABILITIES—Accounts

1945

$101,685

-

PaXheS-Tlyi62ndp d2150Ot

$118,557

.148,206

common

"Including

/i

$1,279,631; -reserve fund (in cash) for new machineryand plant
.rehabilitation, $300,000; eafch stirrender value life insurance, $10,493;
^Investments, $400,000; investments in and advances to wholly mwnecl
subsidiaries, $3i9,969;
refund of Federal and State taxes, $17,155;
fixed assets ,(after reserve for depreciation of $2,805,097), $614,747;
•deferred changes, $15,134; total, $6,199,368.
"
-credit, balances

chan

8.

period of years,

accounts

7,898

?h; $157,039

A—

—

surplus

per

—V.. 162,

ing matured notes, amounting to $1,951), $159,215;

serve

12,969

interest-..

surplus--.—

surplus

Earned

accompanied by lien (includ¬
"Argentine-Republic
serial treasury motes, .$6,571; employees and others—notes receivable,
$2,802; interest accrued on notes receivable and bonds, $18,766;-.re¬

nuring

323,396

first
for

$1,073,251.
the

$449,851

381,992

1;

;
•

Additional State income

/

bonds, $905,462; accounts receiv¬
customers'. instalment notes receivable ma¬
U.

$552,000

32,706

-

$1,808,913;

1944

24,478

100,625

AUG. 31,

Corp.—Earnings—

shares

common

record

the

;,yea?

1945

7 lb -.-preferred :-.dividends_—
Common dividends ____—-

$350,546

--

ASSETS—Cash.

(& Subs.)—Earnings^-

^

,6- preferred rdividends__z

•

y

$612,864
262,318

taxes.

profit

RALANCE SHEET,

.V..

—

income

Total

29,0$3

for income taxes

p.

million

In

Previous earned

.

.Provision for Federal and State income

equipment

an

.

a

__—

$5.33.771
^—-

in

is

For the third time this month and the fourth time in
its history
Macy's New York has announced written sales for a
single day of
over
a
$1,000,000. Highest dollar volume in the entire
history of tha
store for any one day was on Dec.
6, 1945,' when the total reached
-was
$1,121,621.
This
wasv an
increase
of
11.8^
over
the

♦Net

Profit from operations
——:
Interest and jtiividerid8--—^t—
Profit before provision

Service Corp.

"Operatirig expenses
Income applicable to minority

.'

864,132
209,697

——

aside

assets

.i

—

•—

current

2002.

p.

CR. H.) Macy & Co., Inc.—Again Tops

P
,/

-

endqd Sept. 30, 1945, .net income

Sept. 30—
income

Operating
.

.

expenses

set

in

mechanical reasons it is not always
to arrange
companies in exact alphabetical
However, they ore always as near alphabetical
position as possible.
/

$469,479

—-2

9 Mos. Ended

MONTHS ENDED AUG. 31, -1945
$1,657,600

sales--,--r~—-'~j————

and

;

included

securities

and

$1,689,632

to

NOTE—Fqr

;

listing of 300,000
;

-Selling,'-gent-ia! and Administrative

-

the

$5),

Not

amounted

1944

i

$607,661
213,539

share

per

Lincoln

shares

161,

1945,

2648.

of

-

30,
$301,712.

Government

fund.—V.

—V.

$2.36

1945

A-

4----^

equal to 84 cents-a share compared with
-for the third quarter .of 19.44.—V. 161, p.

1

^declared, payable Jap. )5 to holders of record Dec. 29.—V. 162, p. 1891.

Lanston Monotype Machine Co.—Listed on Curb—

30.

$46,000,

-

.

.

.

*

-

shares—i

For the three months

•

j

„

stock

B

S.

Sept.

of

$829,087

.

,

<5 cents on the preferred stock,, 50
8

„

It is not expected that the aresults of renegotiation, if any,
material effect uroii earnings reported for both periods.

Dec.

a

and

stock,

A

.

$2.32'

,

31.

.Regular .quarterly .dividends of

of

"After

-.

.2,

U.

were

common

.

.

Months Ended Sept. 30—
profit

•;*Earned

®;

r;V ;i

stock has been exchanged for
13. Time for the exchange

of preferred

announced

to Dec.

v

SEPT.

credit

possible

162, p. 2644.

Number

Langrendorf United Bakeries, Inc.—Extends Time for

U;,J';

of

as

Outstanding
Earnings per

•Lily-Tulip Cup Corp. .(& Sub^.)—Earnings—

v

Exchange—

carryback
$126,453.

9 Months Ended
Sept. 30—
Net income after charges and taxes.

.

1944

»Net

l

ENDED

tax

order.

*162,

111.—V.

V.

—

MONTHS

Federal

to

equipment of

liabilities

$1,125,000 of

V.fV

$3,646,440

^

$3,444,153

taxes

profit
Earns, per share

The company has called for redemption on Jan. 8, 1946, a total Of
.=5,000 shares .of its outstanding 5'"« preferred stock at $107 per share
";and dividends. Payment will be made at the Illinois Stock Transfer

agent,

of

assets

-replacement

$0.47

2,629.099

,

Profit before Federal' taxes——

Net

•Co., transfer
p. 2644.

sale

on

Current

/

,

Lake Superior District jPower Co.—Partial Redemption

giving effect

162, p. 460.

JLife Savers Corp. (& Subs.)—Earnings—

a

$5,

;

NINE

$140,53T

After

«

Macmillan Petroleum

share

per

quarterly dividend of 7!a cents per share on the common stock,
both payable Jan. 2, 1946, to holders of record Dec. 24, 1945.
_A distribution of 7% cents per share was made on this issue Oct. 1,
•.last, which was the first payment on the common stock since Oct, 1,
1940, when 15 cents was paid.—V. 161, p. 2557.
'
■
V
mi\d

par

per

FOR

/.Net loss

■

of

all

sidiriry

to a financial

its

of

outstanding bonds (old bonds) and the payment
by
its presept -indebtedness to the company.
iThe

.comply—Maine ^ Row,

the

sub

subsidian

Brunswick

Electrical

Power

Co

Ltd—ha

contracted
•trThe

'

Treasurer;

!•

4

interest to

•

redeemable,'at" ipe3/*. (excl, of mthereof)-——

1973,

the sale of ..the new bonds (exclusive
deduction of estimated expenses" M the
$42,400), amounting to $2,163,782, will be applied towards
of the old bonds and the balance necessary to effect such
will be supplied out of the $366,730 in U. S. currency to
from the subsidiary in payment of its outstanding
after

and

ti0Thefc^5ubsldiaryPS

receive an estimated $585,000 in Canadian
in United States currency) from the sale of its

first
tion

"

;

,

of

-Canadian

business. Dec.

-

for each

stockholders'

the

at the

record

26

-

close

„•

y'Z;':;-'

cur¬

Oper.

&

exps.

oper.

-

deprec._

farnings-

Interest

-V.

162,

3

'

(3)
\

Uncojlectible

fund for improvements and .. .
.;
y
additions to the subsidiary's property——' ,
150,000
- 135,135
Balance to be applied to the general corporate purposes of the '.subsidiafy-.^-.^----—^1'-^^r.»• -Cfv'>^.2.,
provide

r

a

10.050

rev,-,

oper.

■

Operating revenues..!.
Operating
expenses...
Operating taxes

CAPITALIZATION GIVING EFFECT TO REFINANCING• >
I 'J'--:.-!' l:Z —wiv Authorized.
Outstanding ^

i-m-

1,321,806

;.coll. trust -bonds,. 2%c/«
Series:,due -1975—
—.
—. ——
"Capital stock ($10 par)——'——

•

-

'

•

*

Net

.

Unlimited
$2,200,000
150,000 shs..,
150,000 shs. y
"The 10000 previously-authorized shares of capital stock ($100 par) y
have been' changed into 100,000 shares ($10 par), said 100,000 shares
have been increased to 150.000 shares and all. authorized, but .then un¬
issued shares have been distributed as a stock dividend.Such change,
increase and stock dividend were for the purpose of improving the capi¬
tal
structure of the company and to facilitate possible future dis¬
position or sale of the capital-stock of the company by Consolidated
V
i
The subsidiary's outstanding securities at Aug. 31, 1945 Consisted of
5 000 shares of common.stock (par $100). $39,000 (Canadian.currency)
..principal amount of 6% perpetual debenture stock, and $340,000 (part
Canadian and part U. S. currency), unpaid principal amount of 3/p
demand notes.a All of said securities,'. except 25 directors' qualifying
shares and $7,900 (Canadian currency) principal. amount of . the 6jo
'perpetual debenture stock, are owned by the company, Upon the con¬

Net

.,

,

„

The

income'

operating

$877,852

$8,290, 214
7,984, 082

'

'•

District),

Maine fits Southern
and

mission

Paul

income

Net

$384,972
- 159,392

Net

of

Earned
•

31—

^

Period End. Sept. 30—
net oner,

.

*

earn-

1945—3 Mos.—1944
:

charges
> Earns, per com. share—
ings

•

after ail

■

,

"After

$0.20

$0.20

:

162,

for

share

per

r-'-

-

Period End:

Operating

,.-425,000

577,000

Months

Ended

Sept, 30—

profit

tEarfngs

preferred

per

"After

'

-

depreciation,

$5.13

share

/

and

;

TNet voper.

1,899,831

5,877,909

f'f

3,990.642

3,689.363

11,535,158

10,073,896

ally planned

-$4,238,323
189.782

,,'205,858

$4,410,985 $12,469,460 $12.82T:262

Mead Corp.—Plans New Preferred

<.

Gen.

613,382

-

3,437.536

I

3,603,752

10,229,615

;

$990,569

$1,013,091

$2,853,228

A'special meeting of

•

,

'

to

and '-40.-076

part

vote

-1-945—3 Mos.—1944

dividend

any

on

dividends.

$578,712

-

-

1945^-9

5.231

date

the

on

notice

at

year

from

received
.

used

for

15,

Oct.

from

the

1945,
sale

to

of

April

improvements.-—V.

15,

bonds,

new

$8,000,000

105

1955,
the

v'

The

additional

said,

50,000

.

152,000

1945

1944

$5,195,176

$5, 745242
348,381
:

361,268

cxp._

!

.

—!

——

share

per. common

■

loss

a

goods

exclusive

of

j

$2.04

Federal

162, p. 2944.

of

>

-.

Provision

.trackless trolleys, will be completed in 1946 instead of 1948 as
originally planned, according to Col. Roane Waring, President.

of

for

trackless trolleys

The-, 180
V.

162,

p.

operation

and

to

an

be

purchased

are

in. addition

addition to the 20 recently

1643.

Melville

....

Shoe

,

those

to

...

Corp.—New President of Unit—

.

;
;

988,712
470,000

•

1,098,900
141,000

!_

Gross

Other

—V.

948,078

of

;

——

Inc.. Jan
on

Dec.

of

.affiliated'
10

by

Arthur
•

Paar

company

Ward Melville,

as

President

of; Melville

President.




Shoe
-

of

Melville

Corp,,

was

Realty

10,246.428

1,474,482
734,433

1,992,600
734.433

9,039,810

B,493,Cr43
1
56,241

exc.

:

profits

taxe3
.

V
>—$1,788,479
. 584,004

p.

Net

announced
,

income

'—v. 162,

p.

1893.

—

r

—

v: ;

—

"

5,387

$678,278

$688,319
.>.

••

' '• /•'•=" •'•/■•■•*••■
$2,393.3.10
..573,392

"

13,840.250
401.589

•

r_—„—1.^— ,$42,721,00.7 $44,144,128
2275.
"
; ■' >
*
.(
:
;
,/
,
„

,

.

"'r"1945

Sept. 30—

taxes

,,

"

.

..

..

..

.

^

.;

1944

,,

yX>'c

,.

1943

•.

of

_

r ";

Western' Oil
Co.

-

incurred

$107,810

Corp. : stock -for

stock

on

Sept,

$955,572

$1,138,676

$0.94

share

after "loss
Oil

$1,307,047

■

—

per .com.

stock./

taxes

28,

$0.83
in

1942

.:

^

evchenge

$0.69
of

"$801,931
••

44 700

$0.53
shares

44,700

shares of "Tide Water
tOn 1,375,145 shares of

1942.

.

!
>'■"

a

charges,

Sect. 30, 1945, net income was $803,003,
to 58 "cents a share compared .with

equal

the third quarter of 1944.—V. 161,''

(V.-

special

'[■

;

>

and

2662.

At

333,064

8,581,

.

contingencies—————
:
r—
———
-

$641,987 and 46 "cents a share for
.

24,103

—;—-

.

161,162

Pacific

after,

.

$1,026,770

1—

■.

■

10,721,845
—396,165

■. ;

$1,002,661

298,326

-1——
.:—

'

—

1

liabilities——J.————

For the' three months ended

94,000

meeting .on

Dec.

28

the

Split-Up Shares—
stockholders :will

vote

on

approving changes in' the' capital structure of the company, it is an¬
nounced..
The change is to be effected, if the stockholders approve,
through; adoption of a by-law which would authoilze the subdivision

-

income.

404,877

95,373

!

—!!!;

!

"

$985,186

Co.,.

Other officers -of .the realty

99.164

10,536,806

!

.

profit after charges

capital

v

election

115,308

930.000
3,768.585
22,076,040

Associated

•

65,299

.6,610.212

5,324,228
175,472

income,
excess -profits
and
taxes—!———!—-

1,861,215

$919,887

:

•

'

1,903,389

————————

„"

930.000
3,768,585
syrplus —24,232,144

"Also

342,000

.742,100

8,775,118

•

special

162, p.

and

;

/

299,785

for

tEarns.
'

513,000

-

Federal

of

accrued

9 Mos. End.

Net

p

$4,580,795
10,926.334

advances.^—1_!_

Mission Corp:—Earnings—

■

1

stock ' ——

Earned

.!

"

Federal

Capital

"

The

travel

and

accrued

Reserve
•

1944

1,671,092

—..

deductions

/ " Jto,792,02i

vi-'y.;-.'**' '• '•*•:•

accrued

reductions, in estimated

Total interest charges-,

7

< <

$4^,721,007 $44,144,128

taxes

721,636

——-

SHEET;;

—

payable ——

Other

6,224,308

—

revenues

8,247,000

-

—--•-

'—

—

capital stock

••

6,854,009

——

Net operating revenues—-,

Non-operating

lo,4oo,

(net)——r———

Monarch Knitting Co., Ltd.—To

purchased.—

11,304,000

22,076,o40

period

-

notes

Other

•

696,557

,

—

depreciation—

100

already fn

to

■

securities

receivable

'

..

1945

taxes

inccme

which includes the. purchase

program,

equivalent

Charges

Street Ry.—Modernization Program

modernization

' 285,625 .:r , 286,250
•
'*

1 * * >.v - ■

*.

»•

.v.7"

Sept. 30,'45 Dec. 31,'44

expenses

Accrued

'

•

Memphis (Tenn.)
The $3.500,roo

•

investments

Payroll

.

Transport Co. (& Subs.)

:

*. •

excess

! Total

:

including material, labor" and
depreciation.
fOn 234,915 shares.

taxes——

$15,547,"728 $12,555,770

182,156

renegotia-

for

'LIABILITIES

sold,

tax

taxes—

35,124,641

88,991.786 $15,066,420 .812,087,937
309,852-481.308- • 1 467.834

CONSOLIDATED BALANCE

refund

Accounts

surtax—.———

profits

excess

inccme

' 1943
I!
$47,212,577
ii!}

: -

" •

41,594,054,M7,862.939

.

?

•

V

1944 '

30,'45
'

operations.!——

Government

Prepaid

stated that the third
$54,618 before adjustment of

income

and

'

$50,585,840 $62,929,359

property and equipment (net)^—„—
Patents ana trademarks-—;————-—

$1.61

general expenses
expenses"-

than

normal

;

—Years End. Dec. 31— :

Plant

$1,030,738

;

operating

State
..

S.

Total

4,100.000

3,670,000
$1,132,247

and

other

! Sept.

'

(

INCOME STATEMENT

;

receivables

revenues

Other

•.

presently

'

accounts

249,375

$17,403,764 $17,121,055
985,662
1,009,509
Purchased power (from parent company)—
2,211,977
2,409,933
Maintenance and repairs
!-i
—.—
313,125
Provision for casualties and
insurance.-—-,.,— ,,402,062

Federal

1 -.*

$6,389,976

Post-war
•

215,959

207,099

12 Months Ended Sept. 30—

Taxes

^

surplus"—$24,232,144 $22,076,040 $19,468,777

Employees'

$5,735,359
139,288

3,179,000

Milwaukee Electric Railway &

Administrative

'-

.

.

authorized the listing

stock

operating-

and

beginning oi

at

surp.

Other

302,626

r

$1,074,993
$1.75

■Earnings—
Operating

-"

therefor.

purpose

v-

and

Trade

President^

Kulas,

in

e

refunds—5,938,826

Total

be

to

of

cost

but

expense,

J.

capital

credits-i.-!!!!—!-!!

ASSETS^-'

U.

quarter operations
Federal taxes.
A
credit resulting from the reduction of accrued income taxes in the
amount of $369,000 for the quarter was responsible for .translating
the third quarter operating loss into a net profit of $314,382.
For
1944 net profit was $379,486 for the third quarter.—V. 161, p. 2222;
V. 162, p. 676.
V
; !!!
' yyr.'y.E.

resulted

•'

Cash".

*

.

factory

and

from

'

S6,037.9°6

249,375

! .249,375.

sharing

deducting

of

sold

stax-es

Earned

v

'1943

,•

.

$5, 396,861
138.140

$4,833,908

provision for Federal in¬
and excess profits taxes--!

"After

Exchange has

par)

Inventories

106,896
223,644

profit

Listing of

—

*

V.

—L— $25,256,696 $23,426,880 $20,814,541
Dividends paid——1,024,552
1,350,840
1,345,764

$1,186,189

deductions

profit

Co.

-

-

Total

.

^

for

12

income__:_—!.$9,301,638

Earned

121,000

$2,002,983

\£"

30—

adminis.

and

Dec.

on

:Z^^$3,i$p,656"''';$3;95!BflQ^

(& Subs.)— -Earnings—

profit

general

come

$2,000,000
was

-

.

—,

s!

•.

Net

3y«^

company

-

—

income'

tion

•

-14,531

'

accrued

and

>

held

Stock

(no

goods

profit

Estimated

stock redeemable in whole or in

days'

30

company, sold

meeting

.

17,196

•

Months Ended Sept.

Reserve

15-year first
mortgage bonds
and
at the 1 same time paid
off
the outstanding
$6,000,000 of 314 %
bonds which were due at rate of $600,000 a
year

•

next

Mos'.—1944

$486,773

32,000

$475,222

Depreciation

1

■

this

the

capi,ral stock;
Prov,. foV- Federal income and

-$2,391,031- $1,529,137
218.852
207,417

64,928

taxes^_

2820.-

p.

L

$606,931

65,351
6.139

162,

Selling,

'

Barlief-

-/vV-r*'-

1

*

Prov., for State income and Federal

Fed.

Midland Steel Products Co.

on

shares of $5.50 B preferred

their

at

until

profit

Gross

•

7

for Jan.

has been called

stockholders

common

V3'A

-

Dividend—

.

^-

ONLY)

(COMPANY

INCOME

OF

V.

income

Net

—V.

approving the authorization of 200,0001 shares
of a new class of
cumulative preferred stock—$100 par—and to in¬
crease Pic authorized common stock from 1,000,000 to 2,000,000 shares.
They" will also be asked to approve a change in location of. the
principal off-ce of the company from Chillicothe, O., to Dayton, O.
The
corporation has outstanding 30,755 shares of $6 A preferred
1946,

29,
•

holders.

said

on

issuance

of

Net

$1,744',444

e?:pj._

than

income

Federal

'/

for in

accordance

sales

Other

f

10,592,729

—

admin.

other

of

expenses

rfy

509,911

•

income

end

Taxes,

taxes.

.

scrip certificates
Canadian Pacific Ry.'

deposit with it and of-all such second mortgage
with it, and is now prepared to distribute-such
with the. terras of the said deposit

on

.in.

New "York

"Cost

and

income

Total

$11.19

Stock, Etc.—

Minneapolis, St.
voting trust cer-

deposit

;

;

stks.

cos,

STATEMENT

of a
origin¬
2820. v
r ;

p.

of

by

$4,616,844 $13,082,843 $13,337,174

$4,428,105

pfd.

on

Period End. Sept-. 30—

(par $5)

special offering—V. 162,

on

price

shares

Net

(bet),—

-

sub~id.

Net

announced; the private placement

as a

to

Co.

Ry.

'

other deductions ;

..'•Ulay Department Stores Co.—Private Sale—Shields &
Dec. 11

Pacific

stock

represented

share provided

per

673,523

Fed.

income

divs.

of.

tEarnings

on

Canadian

9 Mos. End.

-

Co.,

by

District Court for the District

common

Co.,

CONSOLIDATED

excess

income

Income

Gross

Int.-,

^.^fBasedbn 26,439 shares of $7 preferred stock.—V. 161, P. 2662.

block of 7,300 shares of common stock

1,

and

said

directors

notice

•

$295,805-

income

B

the

RR.

,734,373

.

$6.85

of

Marie

$2

,251,532

profits taxes --Li——

Other

'

4,528,774

1,973,086

1943

provision for Federal

interest and

Jan,

(which Plan was confirmed

8.

the

to

due

the

road

the U.

Division)

bonds,

gold

and of certificates of deposit
option granted pursuant to

Ry.,

that

of 1,951',outstanding", with
authority to "add 50,000 Shares of common" capital stock upon official

530

098,163

7,660.845

,z

than

inc.

Federal

Othp.r

$181,160

of

50-year

M.

Minnesota Mining & Manufacturing

•;

1.498.619

Depreciation
other

Taxes,
■

1,236,000

O! 1944

1945
$135,696

i——

4Vc

S.

5, 1945, the deposit trustee has applied the said pur¬
ratably in reduction of the principal of all such second

dividend

The

1944

2,586.148

1,553,891

:X.4,

Marlon Steam Shovel Co.^—Earnings—
9

"Net

S.

notified

1943,

Common Stock—

22. 537.573

2,533,503

$3,310,551
$0.56

1,598,000

f

$1.65

,v

.

;

.,

,

.

'

!

'

051,113
051.113

Maintenance

.

•—

24

7 722 997
7,722,997

O nsn v.o
8.050.122

r

Operation

Operating profit
.

,

$22,339,569 $21,807,947 $66,123,261 $63,

revenues—-

ntv rntif.il

'

;

'

131.695

Nil
$0.77
after^^■'■"reServti" for

taxes.; fNet" prbfit"
'
'
' '

f

~

;

$1.72

•

'

.•

$2,283.9^9

deferred action on
quarterly meeting, of the board. No dividends have been paid 011 the stock of this company which on Sept. 1,
1944, succeeded the old Minneapolis, St. Paul & Sault Ste. Marie Ry.
The latter went into receivership in 1937.—V. 162, p.' 2645".

1110,225

1

—

-

The

"the

$2,496,798
••••-

Subs.)—Earnings—
Sept,36—,rNl?45—3 Mos.—1944 ^ 1945—9 Mos,

"Manufacturing

of_

taxes

249."

p.

'--^1945 /1944

Middle West Corp. (&

contingent pro-

'"vision
—V.

-

.v"

9
-

not

purchase

•

Mos.X-1944

$3,264,199
!
$0.57

$1,175,647

$0.46

.

-

348,609

....

$2,404,990

Dec.

price

bonds

...

$1,155,450
,

1945—9

the

of

No Action

v^^--i^ww<"-r-;j-'.:205.945;

shares_i-i

common

f»AXter charges bnd "Federal
rencgotiation.^-V. 162, p. 249.

.

,

"Consol.

&

shares

series

by

of

chase

$222,222

$225,580

"$57,043

—-

loss

Number

-

..

of

price

As

184,584

Corp*-r-Earnings-rr

trust companies and other affiliates)

"

.4,116

,

$406,807

i
!_
—Lit ^$1,207,058
__-!__!!-^_U-_v_ii^^^v^-';'-i;:104;465

sales

"Net

at

Marine Midland Corp.—Earnings—

$654,435'

r

of series B,
has been
Co., and that the pursaid option of all shares
represented by voting trust certificates of series B and scrip certifi¬
cates of series B held
by the First National Bank of Chicago, 38 So.
Dearborn St., Chicago, 111., as Deposit Trustee under second mortgage
.' bondholders' deposit
agreement,, dated Sept. 1, 1944, has been received
by it as such deposit trustee.
•:
."!•"*'!••• v-;;
chase

y

income

>•"»

"46,986

$63,060

______

'

^

(Including constituent banks,

5,273,100

'

power it .generates, except for a small
Province :df "New Brunswick adjacent, to the

.

P.

been

Ste.

agreement.' among

all df the

A'livv.

$104,030

37,293

Micromatic Hone

.

the -company

to

3,673

i

.

certain

tificates

'

—162, p. 988.

the -international boundary
amount distributed in
international border,
and Is the company's principal source of power for its Northern Dis"Jtrict. ,.*Uu .pi"VipC4,lt*VS of the subsidiary, flllU the il Vl~VllVl.U District - of
The properties Ui wlv cUwolUHliy and VUv Northern
fv v * *V v
the company constitute, and are operated as, a -single inter«-conne< ted
system,'.as the storage reservoirs which are necessary for the efficient
operation of ..the ..subsidiary's."Tinker- plant and the major portion of
the trertsrrlesion and distribution lines connected therewith .are, located
in Maine and are owned and operated by the company,
•,
"
'
Incidentally to the protrocion :Of the eieotric business, the company
and subsidiary engage in -the merchandising of appliances. J
PURCHASER OF BONDS—The entire $2,200,000 of new bonds were
5 purchased by Bear, Stearns & Co., New York.—V. 162, p. 2944.
celling

company

mortgage

St.

Fourth

Sault

&

exercised

1

$402,690

1.236

370,071

„

1

Quarter Ended Oct,

Maine •& New Brunswick-Electrical power Co., Ltd. (the subsidiary)
owns
and operates a hydro-electric generating plant located
in New
Brunswick (the Tinker plant).
The subsidiary is primarily a generat¬

the

second

of

mortgage-bonds

east

-

•

Minnesota.

•

1,399,938

$381,299

$100,353

'

—

Int., etc. deductions

;c

ing

1,503,538

$102,794

"

"

operates small hvdro-electric development!: as well as trans¬
distribution lines.
*
- .:?-Vy'jy

9wns and

,

the

in

County

1,406,700
4,532,651
129,635... 267,030

"

Income

Gross

central section of
In both of these districts; the company

Piscataquis

in

and

(

$100,109
245

391,195

oper. income—-;
Other income

.

District)

•:<"

'

"

$472,864

$491,304

Net

6% per-^
by the company

consist of $600,000 first mortgage bonds, 33/4% series due 1975 and $7,900 outstanding
I principal amount of 6& perpetual debenture stock, which will be outstanding in the hands of the public,-and shares of common stock which
.will be owned by the company (except directors' qualifying shares) and
pledged under the mortgage securing the new bonds of the company,
COMPANY AND SUBSIDIARY—Company was incorporated by an act
of i the Legislature of the State of Maine: under the name of Gould
Electric Co.,1 Inc., approved April 7. 1917. the present corporate name
having been adopted on Aug. 31, 1929.
It is an .operating utility: and
holding company, engaged in the purchase and sale of electricity, prin¬
cipally at retail, in Aroostook and Penobscot Counties in northeastern
Maine
adjacent ■• to the Canadian "border * (the' company's Northern

1,423.500

Instrument

bonds have

•

all of said

plan-r,of refinancing

present

the

of

petual debenture stock and 3% demand notes owned
will be retired and the subsidiary's capitalization will

:

1,345,000

$0.34

the Plan cf Reorganization of this

1945—12 Mos.—1944
$1,884,838
$1,802,629

1945—3 Mos.—1944

revenues---

Oper. exp. and taxes—

*

summation

Period End, Sept. 30—

•

4
.

480,300

..r

.

$510,600

sh—J

the M.,

of

purchase

oper.

!_

order, dated June 18,

•

;

372,000

•

Michigan Gas & Electric po^Earnings—
Total

.

v

taxes

com.

$9,329,149

\

,

:

'■!.

and

'—:

$8,549,672

'

and

Holders

of

'

-

$2,671,070

.

"
215,351
taxes— J;,. 89,513

Brown

1949,

•

2645.

162, p.

34,566

instrument

of such

<

—V.

6,700

,

41,372

»

574,836

:

820,428

.

; Minneapolis, St. Paul & Sault Ste. Marie RR.—pay¬
ment on Account of Principal on Bonds—

.

932,076

788,096

$946,790

'

Co., a subsidiary, has developed an indus¬
that will multiply, divide,
subtract and add during
manufacturing operations! Known as the. "adjustable
indexet,", the instrument is adaptable in the chemical, petroleum and
related industries.—V. 162, p. 2820,
„.i*
\»

'

income

per

processing

.

4

"^

)

12,758

*

...'

.

,

income

trial

•

104.128

4.613,312

•

1st; mtge,

Net

<

$6,195,314 $66,773,880 $50,
3,892,825
44.109,446
39, 829,154
1,424,637. 14,374,220
12 342,898
'Z

$6,881,908

$0.56

•

1945—9 Mos.—1944
$8,495,542
$'9,287,881

•

3,422

Zl New Product Developed—;

83,263

^"2.

-

tax),

profits

exc.

Earned

$1,566,919

::--,-84,468

5,888

■■■••

4,718

taxes

.Miscellaneous
.

the co. (excl. of accrued int.) as follows: •
Currency.-vCumncy^
perpetual debenture stock
—;—
$31,100y
$28,018 v. Michigan Bell Telephone: Co.-^Earnings-r^ :
;•
%• demand notes—
>y■ 7- ' ^ys ,,
!-:'»Preiod End, Oct. 31-—1945—Month—1944
194^—10 Mos,—1944
$13 000 payable in * Canadian currency—.yyy 13,000
.11,712
Operating revenues
: $6,891,958
$6,201,202 $66,858,348 $60,187,391
$327 000 payable- in U. S. 'currency—
b
362,970 r (327,000 /
To

profits

State

.Fed.

;

to

(2)

'

' 11,059 7 ' •

cap. stock,
(incl.
ex-

Canadian

6Vo

r

$559,036

1

Subsidiaries

Canadian

income."—i_-_" $1,187,464

Gross

2645.

p.

'"1944

Regulator Co.—Earnings—
and

*$2,667,648

,

'C

1945
$606,213
$0.60

■

•

1945—3 Mos.—1944

earned

,Fed, inc. &

split-up

y'

'$2,503,797

$249,024

$290,943

v

(

$1,171,686

Miscellaneous income—!

1945—Month—1944
-1945—9 Mos.—1944
$1,387,953- $1,084,430 $11,193,508
$9,208,505
1,097,010
835,406
8,689,711
7,641,586

Sept. 30—
from

earns

,.

.

1 '

;

-

—

.

(including Domestic

'

.

1945.

(Expressed in Canadian Currency)

Period End.
Gross

taxes-

'

(& Subs.)—Earns.—

Mexican Light & Power Co., Ltd.

,

Period End. Sept. 30—
.Profit from opers._!

transfer

stock is of no par value and the proposed
change the capital of the company.—V. 162, p. 2820.

-

and

share—

common

1297.

•r}

30—

r'

all common stock-

was

Sept.

charges

Minneapolis-Honeywell
:

'■,v:-

sent to
of business Dec. 15,

meeting

>

additional

nine

receive

will

-

one.share held,

p.

160,

cess

U.S.,

.

of

stock

„~-v.

^

common

not

Net

subsidiary's indebtedness

of the:

(1V To payment

C'"

per

called for
stock on

has' been

stockholders

common

Ended

after

profit

-Earnings

.

follows:

will be utilized as

,

The

close

common

holders'-of

new
mortgage bonds (exclusive of accrued interest and after deduc¬
of expenses estimated at"$15,000 (in Canadian currency)
which
($527,027

of

Notice
-

of

to

the

agent -at
shares

will

; together ' with general funds of "the company to the cxfcent reed,
will be set aside in a fund of $250,OOO for improvements and addi-

rency

1945

Net

(

act on a-proposal1 to split up the common
10-for-l basis.
rv'
; :•»
>:*'■ c ■*<>. r;v,-r-;..-.:.^
Common > stockholders
as
shown
onthe
records of :• the

a

of accrued
amount of
redempt on
redemption
be jeceived.,

meeting

special
26,

received from..-the. subsidiary,

the moneys

The remainder of

comDanv

A

Dec.

309,575

proceeds from

The

interest

years.^VV. 162, p. 2948.

many

Mercantile Stores Co,* Inc.—Plans Split-Up—

.

;

,■

of redemption

date

to

terest

..

of redemption \thereofr;
and, collateral, trust bonds, -ZW» sinking ;y"(>.y

date

for

division of Melville

estate

!

,

$290,000 1st mtge.
fund series, due

Bccrcfc&ry*

of the old bonds xs as,,

Months

9

1

J;'kk !'

.J.,—i4
i!'— —
$1,926,000 1st mtge, a^d coiiateraV trufet bonds, 3%'% sinkJ
; y;.: ' —
ing fund series, due' 1972, redeemable at 1*05% ';(excl.-;of,.
fallows:.

Midwest Oil Co.—Earnings—- ". :

..elected Were James O. Thomas, Vice-President; H. -AWBpodin,
Joel E. Fisher, Secretary, and Bertha,(K. Smith,Assistant
1
k'1 *'
\
^f
> *. \
* ' i,.'
•'.•"•Both Mr. Paar and Mr. Thomas have been associated with the real
company

Equitable.Xife

sel\ the.sGOO.ciOO Can&dlari dollar-bonds-to

to

'Sodiety^of !tbe m'B. !*'■* v—•)?> ( —
amount required for the/ redemption

Assurance

Monday; December 24,- '• 1945

FINANCIAL CHRONICLE
&

COMMERCIAL

THE

3076

t

of .12.750

:

into

common

102,000

shares,—Vith par value, reduced' from«$100 to $40.
shares of; $5 par vflue. . The bv-Jsw also woiiid

common

provide for cancellation of 44.444 5%. cumulative redeemable preferred
shares which have been, redeemed,—V.., 157, p. ;731»
;.V) : > ;
.

Volume

Number

162

4449

3077

THE COMMERCIAL & FINANCIAL CHRONICLE

Monogram Pictures Corp.-(& Subs.)—Earnings—<

Myler Plastics Cdrjp.-^-^Stock Offered—Bond &

Good¬

Co.—Special Offering—A spe¬
of 16,450 shares of capital stock <no par).,
effected Dec. 11 on the New York Stock Exchange

National Cash Register

,

•

'

.

'13

Weeks Ended Sept.

Net, after

charges

Provision,

for

-

29—

1945

$229,150

,

taxes./..——.l,-

win, Inc;, oil Dec; 14 Gffered l49,875 shares of
stock (par $1) at $2 per share.; -;
y \ • • ■. .
-

1944

■

$90,416'

88,753

53,246

-

•''

Net

,

'*

1

——*

—1—l———!

Calls 5^% Preferred

$140,397-$37,170

Stock-~rj

!

«v

$10)

share and dividends, or a total redemption price
share.- Payment will be made-at the Guaranty TrUst Co.
of New. York, redemption agent, 140 Broadway; New York, N;«Y.
Each
share
of 5Va%i preferred
stock may be converted into 2V-*-

:'t
'

*

keted

business

of

..

stock, without dividend adjustment-up to- the close

Jan.

on

conversion

The

1946.

15,

agent.—V,

162,

trust

will

company

1

2646.

p.

sion of Employment Contract—.
f

The

board

also- act-as

.

.

»•.

'r'

w-.ri

:

•

officers

are

Director

in'

charge

of

production;

George

..

.

•;

1

Executive

the

under

$1,494,000,

D.

Burrows, Executive- Vice.
President and Treasurer; Herman Rifkin, Vice-President;
Norton V.;
Kitcney, Vice-President in charge-of foreign; Sam Wolf, Secretary.
Mr.
Burrows- was
promoted:-from
-Vice-President and-Treasurer- to

•

27,

for the purpose of. manufac¬

1945

the smallest.—V. 162, p.

trade name of

"EMCOy

7

• *

_

products at relatively low equipment cost

•;'.

♦Net

compared

as

•

- -

PURPOSE—The

1

„

•

to- erect and-

~V-.

-

-

-V

■

-

(,

debentures due I960: have "been, called, *
1946; at. 105
and interest. > Paymentwill be made- at thft office of Goldman, Saohs <te Co., fiscal agents,
30 Pine St., New York, N. Y.
"
x
Holders may obtain the full redemption- price,-together* with accrued
interest to Jarn 14, 1946, at any time upon presentafiom and surrender:

Vice-President

-

and

.

;

,

of said

The

*

j

1

r

'*

1945—10 Mos.—1944

CAPITALIZATION—The

ri

follows:

as
•

Salesj?

77,012.61574.749,381

;' New;:Vice-President Elected—,
,

Lawrence A.

the

Vlck

and

Appley,. Vice-President for personnel and a director of
Co., has been named Vice-President for personnel

relations

of

authorized

Avery..

member

of

Ward & Co. and will join the
future, it was announced on Dec.'T by*

near

Chairman, of

the

the board.

Mr.

executive' committee

Association and Chairman of-the

of

Appley

the

executive

is

comniittee

The

fee

under

of

the

Chicago's

tower

loop

section

sold

was

of

the

Morrison

Dec.

Hotel

in

of

trustee

of

the

Morrison

on

1945

Hotel Corp. which expires
On

this

basis,

5.75^,-ri
—V.

161,

--".'a' -.ri-Vri'-

■■

,.

.

The, land■

in" 2022.'The annual net rental is-$65,000.;.
investment return on the amount of the sale is

the

is .'improved /with

•''*!'

Earnings

'* 2,827,000

"

Profit

'
;*/l945
>vl944:! ,.ri*; '1943 *
profit! ;ri~—t$57,195 *$1,051,133-,; $1,505,285 ^
Prorit before tax and reserves—-- .'
s t481,657
>•
666.337-'1,155,461'
Post-war
adjustment reserves.^.,-, ^\A 35,000 '
90,000 I V
Federal „and Canadian
.taxes,!J$Crl80,OOOl-'
438;000
810,000
,

•'

;V. Operating

$354,650

profit

*o

t$301,667

390,254
*sharei.w-*-.w.0 Nil

>Adjusted-to -reflect provision .for

.7

eetlmated

v

•$253,461-'

'

500,000

500,000

.

500,000.

;$o.7i.

;

•

reflect

profit

possible--further

tax-credit

loss

or

$0,65

Fibres* * Inc.- (&

Sub.)—Earnings !

Canadian income and

1945

30,

-

production

periods.

-

The

and for

refunds--resulting

from' unused--

carry-baekVv-.,11

like

which

profits tax.!...

excess

I

!!___

404,696

'

1944• quarter

is

been

adjusted

to

provided

V'

reflect-the

y.y

•'

••

of

i

Motor Wheel Corp.—Earnings— " "
Quarter Ended Sept. 30—,

<v.n'

l«.-i

Gross - earnings

y
'

Voluntary
$ on

•-V

.1945

.

-credits

against

billings

-

1944

V

of

Rccov.

renegotiation

prior, year

exc,

.*
„

tax-,

Cr215,453

I.

earnings

Earn,

per

common- stock---

on

161,

p.

$504,408

$0.30

2559.^"

Period End. Oct. 31

oper.y rev.i
v

-

Operating

v

•

:

Operating expenses
Operating taxes

I

t

$0.60'

•

..Net income
—v; 162,

p.

332,227"

—-—

$4,329,306,
1

283,751

3,037,165

2275,

be

directors

stock,

common

Dec.

17,.

Dec:

29;

no

This

declared

50

50

on

of $1

Dec.

cents

on

Dec.

on

split-up

of

the

meeting

of

stockholders

stock

12

holders

Aug.

on

of

common; stock
will

be

will

Feb.

on

that
be

26.

plan

a

record

last, $1 on;
p.-1516;.'. :
.)

for

submitted

It

is

the

21,

Sept.-1,-*1944.—V.-162;

announced

a

the'

that

annual

present

reclassified

from
no
par
to
$1
par,
the
authorized number of shares will be increased from 500,000
to-3,000,000
three additional shares .will be issued for each
share-, no.w out-,

162,

2821.

p.

-

.

Mutual Life Insurance Co. of N. Y.r-r-Increases-

Holdings. of .Government Securities—
The

Victory

company

Loan'

has

entered

Bonds,

'it

Whipple, ■'Vice-President
V.

162,

a

-was

and-

p.. 1893.




.■" ":

subscriptiorf for $128,500,000 of
announced

Manager

; 1

,

*

Dec.

on

11

of ' securities
'

♦

v

lease,

from

plants

-

Operating

Other

(net)

of.-the

realized

derived .from

wiiL be .designated

year* as-

stockholders

as

Net

•!

(net)

int/'to

4,380.853

'..!;

12,472-

;

:

06,941

iwi^u,

.

'-

by

Oliver

M.

investment.—'

ll'La2a

t.

17,658,274y 17,839,813

4,039,307'b 4,419,016;

etc.,
1,992,014

2.057.274

8,166.907

r2,047,373

2,362;542

8,303.775,

9,491,367
5,091.095

/

the*

to

security;

»•

.

Balance r

♦Pfd.

a

divs.

1,304,303

<1,193,878

public—

to

---!'

Balance
Por.

..

Candy Co., St. Louis—To Merge With Sub¬

■

.

9,536,038,
5,252,212,

670

*""

.

609

*

4,283,826-

4,400,272

:1,058,239

853,495

applic.;to min. ints.

/'Net

/

*-">.* f1;.' (r.

r

of

equity

of

income

this

company

4'-

2.176

-

1,434

..•.'if.

In!

co.

i:

l;057,630.

852,825

subs.._:

NATIONAL POWER

4,282,392

4,398,096

LIGHT CO.

&

of the

wise,
I

Clinton

Authorized

is

it

Co. and

capital

stock' of

is 720,000

explained,

National

the

shares,

the presently

corresponds to

the

National

each

authorized

of

Candy

par

of

Co.

853,305

1,057,781

Exps.,
excl. taxes—!—".
Federal taxes .•_*!»!_'!-';

'[

93,727

82,340

565

939

taxes;.!.!!•,/*".!!

4,795

5,819

3,300

~2"300

Other"
Int.

a

on

Jersey.

.

the

Of

>

.

Delaware,

authorized

stock

capital

of

the

ultimate
Co.

Clinton

plans-,-wall -await*
and

the

to
I

listing

approval

by

stockholders

both

of

4,283,026
:! 323.307

335.0°7

2,025
I.

this, total
those

sales

gross

of

gross

the

of

sales of

National

Net consolidated profits of

$1,154,534,
of

1945.—V.

the
162.

*.

*

.

company's
n.

the!

Clinton Co.*,

Candy

*'"

ihe

Co.,

1944

to

unearned.-

.,*>

^,882,848

.

,

STATEMENT

Period End.Sept. 30—

4,032.546

applicable to respective periods^whether
i
" *... , n , -r. - •
f

,

-

OF

INCOME

(CO.

ON^Y)..

National Candy Co. for

i

preferred

i

stock

-

'

redeemed
;

'

.

subs.—consol._

From

Other

.

;

*

_—

-*

'

151

2,415

$160,663

$598,039

89,098

480

Total

..

deducts..—

etc..

Fed.

income

'

360,076

99,087

expenses;.-—-

Int.,
:

$150,523

income

<

-

'

Net

income

$69,265

$48,136

———

BALANCE

SHEET,

SEPT.

30,

i'.""—r—

346,771
)

7,889
*

63,4

$1,597,126"

~

2~305

"3,306

tax.—a.—

•

.;*.
■

Total

,

407

•

53,000

$1,196,948

$230,074

1945

_y.

.

217;

c

15."

Auz.
,

-

reacquired

stock

capital

(IT

shares

-

common

.

-

payable, $27,483;

—Tennessee

Public

'accrued'taxes, $66,52i; liquidation account

Service

Co.,

$327.82^:

redemption,- including premium -and" interest
\'

stoc^kK!-$307;
' •>•••'>■ ' .

»v

LIABILITIES—Common stock (5,456,117 shares, no par). $98^456,795;^

accounts

.*.

on

:

;

$1,596,492

$595,624

$160,512

$150,043

total, $119,485,243.

1944 amounted

-

was

y,

1945—-12 Mos.—.1944

1945—3 Mos.—1944 v

$5,856;

"

,

407

53,000

7.889

$33,811,219.

were

amounted

$7,917,007.

19,823

$25,894,212^.

on the New York Stock Exchange. At
the St. Louis Stock Exchange. ■
.-

both companies for

.

3,641

..

23,014 "iri)

ASSETS—Investment*securities—subsidiaries—consolidated, $117,666,cash
in
banks—on demand, $804,558;
special cash-deposits,
$357,449; temporary cash investments—United States Treasury Bills,
$499,614; accounts receivable, $'200; dividends receivable—subsidiaries—
consolidated, $150,043; other current assets, $1,000; deferred charges.

the company's stock

it is listed only on

Combined

All

634

4,400,511

;

Income:

National

Candy Co., and final action by
the- new*organization probably will become
the Clinton Co., a Delaware corporation, with total net assets of about
$15,000,000.
At" that time it is expected that apn'ication will be made-

-

4,282,392,

.

.2,415:

to

While

Of

.

966,383

surplus750,918

dividend requirements
or

directors of both companies,

1

j

tax_—„_

COMPARATIVE

New

for

above)

stock of

granted

the

Balance
♦Full

Jersey corporation. Of the remaining authorized stock 60,000
be reserved for issuance and sale in connection with options
to key personnel and employees. - The balance of the re¬
maining shares is presently to remain-unissued, but to be availablev
for future corporate -purposes, and may be sold in the discretion of
(he board.''';'.: r 'l
1
!
r •; 4 •
the

shares

income

earned

company,
"570,445 shares will be paid up and
for share basis to holders of outstanding stock-of

share

(as

&

-

of New
Delaware

,

other, deducts.

and

Fed.

'

Co.

4,398,096

151

or$8.33 Vh,'which
the National

Value

common

1,057,630

480

equity

Other. income

'

Co."

Candy

852,825

Net

a

.

and

2x2c.'o

18,560

,*

17,471,348; - • 1'7,722,385:

r
—

public,

4.584

deductions

,,

Vl;7>458;876;'/ 171.703,725;

4,375,26R

—

'

'

;

income

Gross

■

3,983,446

—

-■

••6,45?.26«

long

as

•

4,437,681.

1,296,506

4,054

of
1—•

Income

income-

:-'■•••:*•*;'

-

.'

The
National Candy Co., the proxy statement continues,
"owns a
majority of the common°stock of thfe Clinton Co., an Iowa corporation,
which it is intended, also shall, become ;a Delaware corporation. Man¬
agement of the National Candy Do.,
is considering the submission
later on of a plan for unification 'by -merger, consolidation or other-1-

present,

...
,

(The)

close

12,036,833.

12,307,062
4,491,950

I 5,871,901

3t977,792

oper. > revs.

••

V

Delaware, instead of a New- Jersey,
corporation.: It is explained that this is a,.step, toward eventual unifi¬
cation of this company With its subsidiary, the Clinton Co., of Clinton,
Iowa.
The<" Clinton Co. stockholders already have approved charter
changes requisite to the proposed reorganization;:,,

four-for-one

at

proposed

"

and

standing.—-V.

dividend

I

issued

share

per '

to

20

paid

Net

j

Rent/

"capital gain dividend,",
term capital gains re- :
the' date jupdn" which! the" stockholdei1 acquired his shares.

surviving

Murphy Co.—Plans Stock Split-Up—

directors

common

payable

with

cents

dividend

a

-value,

par

compares

and

1944,

(G. C.)
The

have

special
to

taxable

make

to

Candy
The

and* the

•

The stockholders "will rVotfe Dec, 27 oil ajproposal, the effect of which

$4,027,515
2,657,115

Munsingweary lnc.-—To Pay $1 Dividend—
'

20,

'.

84,893,321 v
44,257,8-16-

'

....

......

;

the

after: the

soon

162, p. 2020.

is

$422,435

record- Dee.

of

$
"$•■

v
, ... v, $
-86,879,110
45,452,815v

acquis, adjust*, .
: ;
432^69 '
Propi.'retirement reserve--.'r-"-.-. •
•''!**;w!
.appropriations I !_-!!._ • 1,395,905:
1,630,658

^1,40-per'

disbursements inv that year to $1 per share.-

stockholders,

gardless. of

$0.49

••

$466,271

stockholders

sidiary and Keineorp6rate.-in Delaware^-

$410,351!
'V

^

$3,764,658 $39,999,335 $35,909,308
.2,746,758. ;_2,516,233 .26,772,928
24,792,378
1,037,464
825,990
8,897,101 ; 7,089,415-

^

—1944---: 1945—12 Mos.—1944 -

it-).-

.

Special Dividend
dividend of

.;

Subs.)—-EarningSr—

:

$4,250,493

income

oper.

■'

intends to elect to be taxed for "the -year; 1945 as a
investment "Company ,under" the internal .Revenue Code^ and

will

,

.

Net

13 ..declared, a-, special

26-to-

profits. Such- amount

•

revenues—

-

of 335,000
outstanding.

and

■>,-?>

Dec.-

amouritMof

efxact

1945—10 Mos.V-1944
$3,768,275 $40,065,313 $35,948,557
V 3,617
65,978
V - 39,249

6,250

'

issued

company

advise

will

1.945—Month—1944

$4,256,743:-

revenues

1

authorized the listing

which, are

"v'

'

t

1945—3-Mos

orroerrvraoTira

.

Mountain States Tel. & Tel. Co.—Earnings—
Operating

f

Period End. Sept. 90—

special dividend of 40 -cents per;share-was paid on Dec. :26r 1944;;

A

'

Uncoil,

■;

'

o

$268,270

share

"Includes post-war.—V;

and 215,794 shares in ^

1943

1945; 1944^. and
-

•

*,$428.959'•

1'.5L$1.99'

$1.65

in
2020.;!

p.

■. ■*

... ^

$326 132

' SUBSIDIARIES—
v * r"
$ -:... -...$ •
Operating revenues^ll:! 21.1.75,352, : 20,899,408
Opefftt.- exps.
i 11^22,597-:11^207.981
Federal taxes
1 2,726,222> ,-2,571,531
Other taxes !!iL.!_:.! ' * ' 1,120,667 ?
>1,112,969;
Amortlz. of; elec. plant v.,:.; . >

.

596,565 '

162,

V'-

•

1943
.

share^.

,•

• -

.

$354.9«4C*. $371,874

on

.

*

which-brought;total
regulated

1,525,994'
*225,000-

•

(& Subs.) —Earnings

,

215,791 'shares

*On

of. railway- sales, has
a-director and as* assistant....

1944

1945

>.i

:

.

!

National
Net

,

.

charge

iVNational Povter & Light Co.- (A

•

;

: -

'

*'

$0.51

was, letired

Sept. 30—

alter charges

taxes

1942.—V;

lisuql cquarterly; dividend of 15: cents per share, payable Jan. "15;. 1946 "
approximately:
$1.(A will.be derived" front net l«ns ,term: profits realized in 1945 onr
the
sale of securities,! Withthe .spgeiar payment,' dividends, in 1945'
Will total:$2 per-share.,;;v ! *!; ■
.
•:
'■>;*,■
-;V'-*.-rr-.v.

and

550,000

pfts.

...

'

to'holders of record Dec; ai. Of the- special distribution;

'

*

.

for

which

'

fctoef fpar $4),

common

p.f2019. ;

share,.--payable

$2,253^65 .:$g,757,910

_j_._ ( ;
Provision for Federal taxes,_1,1.,. .13,210..' 1,198,85.7

Reserve

...

.

-•>.

.>

t

Av*Slater,^.Vice-President -in.

♦Earns, per com.,

788,104

Cov—Listhigjof Common"^Stock^

The--directors .on. .Reo.-

.1943.VS'

j.

contracts

war

bh.. preferred" stock

National Bond Jfe Share Corp.—^1;40

,

/'y7;y^i;:;ry!jr*;yy
.

t.:v, $71,027.

.

Castings Co.-^New V.-P.—

•

The

; i

paid

New-York Stock-Exchange-has

.—V. .162,

manager-1

estimate of the-amount- 'required'; to provide
To? adjustments
.srlling,. prices on war products, and. the estimated amount..required
for possible
refunds, under the "War Profits Control Act."-—V. 162

- *

The

-

shares

-

in -prior*

rpent's

3019.;

■

.

excess-

of

p.

dividends

Aug.. 31, 1945.—V,*162, p.* 2646.

President,

9 Mos. End.

and:

$466,030:

,} k*+?>..-.$■

reserves; have

.

formerly Assistant to the President, has been v
in charge "of sales,
according to Charles H.

Moriarty,

H.

Vice-President,

Net profit

870.-726

f *

shares,,

common

National Battery

yy- and for-the reallocation of extraordinary expenses, included • in dperat-;>.
'I, ihg costs for-the- quarter,- which are* attributable -to the- termination ofwar

a-

National Oil Products Co., Inc.

v

tb adjustment to reflect acceleration- fn the allowablc-rate-ofamortiza^
tlon of emergency faoilUJes acquired, under Certificates, .of
necessity-

y

receive cash.
a cash dividend* of
corporation, payable Dec.

of" the

retired from thai; post but will" continue as
to Mr. McCrea,—V. 162; p, 2275.

'.'V.,:;V

^

'

I; 1JOTB—TJfe net lows fpr.thq quarter.ended■.Septr-30-,'i-W45;. is subject!
v.

the

2020.

p.

James

$1.04.

profit'

"After

•

^

390,254 ?
r

renegotiations,- ^ tDeficit... fComputed <at normal > taxi
-effective-for the balance of the company's, dlscalyeartahd ,doe;t'

not

162,

Wilson

-

•

Net

Number of

necessary .adjustments

under- possible
rate

$193,337390.254
;. ;.$0.50

shares-out&tanding^_4^__
per

income

elected

^•.*Earned'T3rer-'share!2r!!!r'iv!!Vrr™!*rrr2i*V!-!!V!'!'!!!!2r_!_'"-r''"

Net

on

McCrea,

$14,327,828

Federal ;and

.

Earnings

,

declared

11

Dec.

directors

from

National Malleable & Steel

$521,793

taxes_^-__>__w__.___^'_!.

before.

.

;

V.

4,598,000

$278,940

Not .sales*.

\€;

-

Months Ended Sept. 30—-

Common

;

V!

1,511,100

EARNINGS FOR" NINE MONTHS ENDED SEPT.

,

;

;V

14 cents per
24 to stock¬
holders of record Dec. 14. This compares with 11 cents paid on July ?0,
last, 19 cents* on Dec. 23,
1944 and* 11 cents- on July 20, 1944.—

$5,119,793

per

National, Automotive

..!•

.

3

-1943

$3,181,650

share!!.>.$0.56
—V. 162, p. 1395.
Vv-'v.:;';

a;;43-.stqry.2 building!;erected Jn' 1925,.

Motor Products Corp.—Earnings—,

?

:vV

on

Payable

Corp;' (Md.)—Dividends

Investors

stockholders elect to

unless

The

share

'

t.'vV.-

1430.

P.

this" year

National

.

1944

'$1,796,040

outstanding

-

:y

•.

•

.

•

^.-yy

'

-

.

Melvln H. Baker, President/ >
' ; 7
.
'•
•,» .
should amount to about *$27,000,000,! according to
This compares with the $23,900,000 business done.in 1944.of the company's plants have returned to a three-turn working

stock

issuance

National Acme Co.-—Earnings—•

''

i

' "
1 *

:

,

iv.

! v•
The
directors
on
Dec.
6
declared a special distribution out of
realized long term capital gains of 39 cbnts per share, payable Dec. 24
to stockholders of record • Dec. 6.This distribution will be made in

25,-000 shares being reserved for issuance upon the exercise
to be sold to the underwriter, and 50,000 shares reserved
against exercise of the warrants already issued to certain *
; founders of the corporation.
V:-V:
; VVV' VV ; • iV V.:Y..;-,V:
V

the

31,

in Stock and Cash—!

warrants

the

Home

'

.

by Chicago Title & r
Quarter Ended Sept. 30—
>
v
Aged, for $1,130,000.
Profit before taxes -and reserves!-.,
The bid was made by Ward Farnsworth of
Ward-Farnsworth & Co.,
Federal tax provision——^.
realtors, on behalf of an undisclosed purchaser; but understood to be;
Chicago interests/ This is at. the rate of $126 a square foot.
-.fori ;■\
;
Net : profit
■
The land, 99Va by 90
feet, is subject to a lease to the Morrison
Shares
Trust Co.,

A * $0.66.- $0:63
sha?e. has. also been •
to' holders-of"

-taxes-r

basis, Mr. Baker said.'" The company had been operating, generally
a
two-turn basis because*of a shortage of labori—V, 162, p. 2646.

per share)
authorized 400,000 shares: out¬
The latter is exclusive of 75,000 shares held

$1

" "

said

Most

Subsequently, on Dec. 1, 1945, the'
to 400,000 shares.
Giving ef¬
additional shares of common stock, the
follows:
I- I --VV »^
V
>

as

''

of ,20- cents per

payable, Jan.- 15,. 1946,
1945.—V, 162, p. 1396. '
■ '
V
'

* '

Sales

149,875

(par

,

Higher— >
-V' 1945
(- 1944

Mr. Baker.

increased

was

Dec.

•(,*.* "■ • *-

•

year,

is

reserve.

for

12

for

Common-stock

'■

in

2646.,

Morrison Hotel (Moir Hotel Co.), Chicago—Fee Sold-—
*

center

issuance

of

managep.

capitalization,'of (he corporation

stock.

common
stock

common

the

"*

- •

■J National Gypsum' Co.—Current Earnings Higher—: ,
The net profit for the year ended Dec! 31, 1945, will* be V50 cents •
a share or more,"
against the 42 cents a common snare earned, last

.. , ..

standing, 299,875 shares.

Management
the

of

J ; ment division of the Society of Mechanical Engineers;—V. 162,

j,.

record

per share) authorized 400,000 shares; out¬
..
,
' v:-/'VV I
;■
; • ,,,
the authorized capital stock consisted of 300,000

1945

capitalization will-be
:

and

director

a

American

to

fect

Montgomery

organization in the

Sew ell

.

•-:<•:..ririri

p

- •

of Aug. 27,
shares ($1 par)
As

,

Chemical

public

latter

■v'

-

present

y

,

/

capital, stock,

the

on

"

;r Common stock- (par $1
standing. 150,000 shares,,

568,447,497 541,418,356'

1

*;•*

quarterly diyidend

usual

declared

,+:,

**,'7 '* r

V

earnings per share after; charges

Net

,

' 1945—Month—1944

p. 2949-,

(& Subs.)—Earnings

MonthsHnded.Oct.

;! 10

.

.

Period End.'Nov. 30—'

162,

National Fuel Gas Co.

.

!

See also. V,

debentures.

-

The land

capital^

the" plant

which

on

outstanding
redemption: on Jan, 14.

All of the

is being erected-isf owned by the corporation; the
Treasurer.:'ririri.''-ri.
I
V ?'
V plant itself-wUl have" an-over'all'working space of 44,000 square feet.
Mr. Johnston has been granted a five year renewal of his
It
present)
dontract which, now! expires in) 1950,'so that it will expire in 1955.
i4 estimated that the cost oft the plant and neqessary plant equipment
will: be-approximately $110,0001
—v.- 162, P.: 2646.
The machinery- cost will be approxi-^
•• • ■■
'/' ;
-/...'-fr,
mately $80,000.
It Is expected that the plan will house 20 machines.
;•* ranging, in price from $1,500 to, $5,500 each. - Corporation has already,
.*■ Monroe Auto Equipment Co.—Initial Dividend— :r •-ri
J contracted for four Stokes pre-ferming machines. The price of the
The directors have declared
an
initial quarterly ■ dividend of 621/2i.:
'VrStokes machines 4s about $5,000 to $5,500 each.
V;f 1*
qcnts per share on the. 5% cumulative preferred stock, par $50, pay¬ > ; The plant will .have,
a-daily capacity-of 75 tuns of "EMCO" powder;,,
able Jan.,?., 1946 to holders of record Dec. 20, 1945.—V.
162, p.2517.; V for, sale as such, and 25 tons o.f "EMCO" powder for end-use cold mbld V
plastic articles to be made at,.the plant on' the Stokes pre-forming
'•
7 machines.
v/:*'•'• v-y:
Montgomery Ward & Co., Inc.—November Sales—V ;i"

•?

Debs. Called—

National Dairy Products Corp.—3^4%

,

for

underwriting will be used
briok. - cinder block, and steel plant, in.

a- one-story

Plainvillc, Conn.„and.to. provide additional ,working

v.

•:?

.

$0.50

including Eederal income ahd excess
tOn 660,964 shares (par $1).—V.162, p. 2020.
" ' "
♦After all charges

«

the ouvrent

proceeds- of

equip -

...■■•

■ »■

•

952,946
921,891'
$1.40
$1.39
profits taxes.*

332,926

320,572
$0.45

;

share

com.

per

_

* 1945—9 Mos —1944
$4,373,204 $14,344,231 $13,174,502

$4,516,946

profit

tEarns.

;

;

(& Subs.)—Earnings—

1945—3 Mos.—1944

Sept. 30^-,

! Period End.
sales'

Net

V

^

2396.

National Container Corp.

.

W.
Ray Johnston, Chairman of the
Broidy,President; .Trem Cai-r, - Executive

Steve

.

i Since the acquisition of .the Xylon property apd formulas, Mr. Myler
and-his-associates- have spent- approximately $35,000- iri "developing
Myler Plastics Corp.'s .formulas and m; advancing- the organization- ^.of
the Myler .Corp.
At; the present time the corporation has orders for
lT.IOO tons of. ,"EMCO";powder; the. gross sales price of which totals^

y

follows:

as

directors;

'

Myler Plastics Corp. Is using
Xylon Closure Corp. of New
York.; The Xylon Corp. had been organized in October, 1942, to manu¬
facture ,a. threaded .wooden bottle closure;; ,";
j; j
•
- •.?
•
••
y

,

„

The

*

Aug.

all other types of plastic molding.
The basic powder-formula which the
.t at' the present-time
was developed by

;

,

York,

New

of; manufactured

of directors, fd serve for one year consists of: Samuel
Arthur C. Bromberg, George D._ Burrows, Trent Carr,j WilliamHurlbut, W. -Ray Johnston; Paul Poreelt; Herman Rifkin, Howard Stubbins and Char its W. Trampe.
• \
.V.i.,
;
i
.1 •

board! of

in

to

.

Broidy,

;

:J"

,

concerns

Officers and Directors—Mr. Johnston Granted Exten¬

•

50 cents. The
sale was com¬
pleted in the elapsed time of 25 minutes.
There were
51 purchases by 22 firms J 1,000 was the largest trade; 10
Vz per share» with a commission of
stock was offered by Shields & Co.
The

at $40

.,"EMCO's'I.'.advantages gre based on its extreme" low cost—first,; as
the material itself; second, its adaptability to a wide range

«

common

'j...

•

was

<

.

turing and: generally dealing in cold mold plastic powder and articles
may be produced therefrom.
This particular plastic powder, a,
molding compound suitable to cold molding at phenomenally high
speeds,.'is controlled by the Myler Corp., and is already being mar¬

per

shares of

'

,

Registrar:' Empire

that

at'$11 per

of $1.1.05

Co,, New York.

corporated

corporation has called ior redemption on Jan. 15, next,'all of
outstanding shares of 5Vs'!'» cumulative convertible-preferred-stock

( par

'

-National Bank, New York.

f Chase

COMPANY—Corporation (formerly E., W^ Myler & Co., Inc.) was in¬

The

r

the

-

profit

Transfer Agent

Trust

cial offering

common

■*>

.,0 .s

n*-;.

1 a

for

lor\e>-term

(cash in special deposits),
1

t

.

Vr5^

1945

Monday, December 24,

COMMERCIAL & FINANCIAL CHRONICLE

THE

3078

(cash in special
Adjustments with respect to capital assets, $6,994,908; reserve
priated from Capital surplus), $281,378; capital surplus, $199;
surplus, $12,972,684; total; $119,485,243.—W, 162, p. 2821.
<iividends

MONTHS ENDED SEPT.

EARNINGS FOR NINE

!Cx)ss

operations™.--.—_
application of carryback

from

Loss

after

—V.
'

162, p. 1396.

:

National Vulcanized
EARNINGS FOR NINE

;

/'/•■ ': /'

■

" V

'

,

■;/ '//?' /:■ ;>;///

Operating

'

.

»'<4

'',1;v '*

*

•/

*■.

*1'/••i/> ■.,

■

-r

_

*{i

book

Winter-1929

of

■'

'■

500:000',

some

in

Federal income and exc. prof, taxes

.

-

Net

increase of

under

■
/j "■ /•/;
166,913,000 cu. ft.,
production of 150,-.
the corresponding week a year ago.—V. 162, p. 2949.

72

the

of kilowatt-hours, available for
the week ended Dec, 15, 1945 as 65,026,108 compared with 67,002,546
for the week ended Dec. 16, 1944, a decrease of 2.95%", "
"
' "
The comparable figure for the week ended Dec. 8, 1945 was 65,685,526, a decrease of 1.11%' under the corresponding week last year.— ■
V. 162, p. 2949.
'
1
*
'
> ■

1945,—V.

30,

Sept.

amortized

as

.

Operating revenues—™'
"Uncollectible

rev.-

oper.

'''''' '-1-''.

J

Operating

Co.—Earnings—

and

1287.

162, p.

(Niles

paid

Net

821,999

2647,

162, p.

at

>>'■>-———-~L—

dated

the

Dec.

15,

and interest due under the bond

165,599

178,505

66,658

.279,987

250,017

:

$517,624

$206,621-

$260,912

$1,960,660

$1,921,876

77,298

$13,492

$183,613

$1,447,168

44,781

,

.

$ 1,652,373";

—_

mechanical

NOTE-—For
order.

is

it

reasons

1—

charge

etc.,

___—

position as possible.

■[

61,891

243,926

247,520

$67,569

$325,352

$358,498
262,358

65,284

.„

y

65,330

261,136

,

$96,140

$2,239
$64,216
arid excess profits taxes.—V; 162,
$6,913

Federal income

990.

p.

■

■

Extra Dividend—
,v||.
The directors have declared a regular quarterly dividend of 10 cents
,
per share and an extra dividend of 10 cents per share on the common
stock, par $1, both payable Jan. 4. 1946, to holders of record Dec. 20,
1945.
Payments in 1945 were as follows; ' March 31 and June 30/ ,
7%. cents each/July 10, 20 cents extra; and Sept. 15, a quarterly! ,
10

A total of 30

cents.

.

cents per share was

paid in 1944.—V.

;/

162,

881.

Industries, Inc.—Earnings—

Noblitt- Sparks

Stock to

$606,018

/ $129,460

Nu-Enamel Corp.—Declares

alphabetical
/;;: Jp■ J).. •
/;//

;

3,664

$569,278

$131,098
58,899

_

1

Includes

$602,354

2,791

,

Central

always

not

$566,487

691

$72,199

.

.

™

dividends

Balance
*

'
$3,306,535
2,704,181 "

499

income

Net

'

alphabetical

to arrange companies in exact
However, they are always as near

3,000,748

1945—12 Mos.—1944

$3,567,235

$128,769 *

$130,598

income-

income

Preferred

& Trust Co.,

between Prudence-Bonds Corp. and the
of New York.—V. 126,> p.! 116.

1927;

Co.—Earnings

1$45—3 Mos.—1944
$809,292 - $760,535
» 678,694
631,766

30— '

'

Distribution—

Provide for 5% Stock

'

.

special meeting of

A

Profit before Federal, taxes™

'

of

•Gtock

share,

all

To

the

calculated

/•;■:

1945.
;
:
be issued in

10,
will

shares

dividend.

tional

Dec.

record

fractional

No

Net

.

will

company

pay

value

the

of

Earned

Stock

dividend

to make

and

Jan.

on

directors

dividend,-at the same time
dividend,
of

Dec.

•The

payable on
10, 1945.

the

declaring

aforesaid

extra

issuance of

'

no

1945

.

Net

Cost

and

1943

1942

market

value

of

the

presently

outstanding

number

of

the

shares

common-stock, with no par value, of the corporation, and Hie
mon
capital stock account will be credited with the. aforesaid
Of $61,675.- '

i

' I-'

■

•

^:V"'

-

of

'376,000

407,000
$8,613,185
■/;/': $3.85'

sum

% is -also announced that all of the 150.000 authorized shares

of the company have heretofore

been issued.—V. 162, p. 2647.".

..

:v T

J /

/ *;

Net

Stibs.)—Earnings—

befinitive refunding mortgage 3%% bonds, series D, due Jan
i
1.975, are now ready for; exchange for temporary bonds at the Guar-'
enty Trust Co. of New York, 140 Broadway, New York,- N. Y.
v. 162
'

2821.

p.

*

:'

•••-.»

'

consol.

,

ing

_$12,000,000
Stone

first

of

Co",

3y2%

mortgage

Depreciation

&

/

2^70

P

a

loan

from Bankers'" TrUsiT Co:

outstanding;

nCil*al amount of ^i-525-000 Plus accrued "interest.—V.,'162,

t

declared

a

dividend of $1.50

yeaf-erid

totaled

$2.70

60 cents ori
per share.—V. 162,
and

March

p.

31,

1945.

per

Payments

income

in

1944;

1945—Month—1944

$8,348,057

service

between

its

bus

equipment

Worth

and

arid

Dallas,/Texas.

operating

•" '

;

'

.•

y"

'

•

(i

'

'

The com¬
28, 1945,• % <
•

Uncoil,

oper.

7,325

63,374

1945—11 MoS.—1944

J

Oper.

;

common

stock four-for-one.

'

"

Net
Net

—V.

exps.

4,904,785

...

3,129,182
1,181,906

51,826,900
33,504,641
12,135,688

47,217,547

3,456,782
1,365,290

income-

663,733

593,697

5,681,762

622,772

541,708

6,186,571
5,773,147

rev.—__„

:

taxes

.income
162,

p.

Ended Aug.

42,905

?// $47,198

1945

31—

5,772

.1944

..

'

profits tax—
State Income
tax.—//
ftetlreinent reserve accruals.,—

—-—

6,896,683

8.291.063

1,228,500

.1,172,000

1,593,000,
130,500

1,415.000
112,000
■■/ 1,643,393

<

i;753,963:

j

,

Utility operating income

/

Other

-

income—net

Gross

Net

_i,L__//™_™_™_;—™-'

deductions'

Income
t

income

3;304,590
Dr'22,100

•

$3,311,751
S"

$3,304,314
803,816

680,514
$2,601,286
i

Ur7,436

^v.

$3,281,800

_™—-

——■--J~—~-Jl~-L--.
stock dividend requirements.

income

Preferred

———™—IT——-——/.

427,500

$2,500,498
•5

524,476

-V.

;

2648.

for

162, p.

common

stock————™

$2,173,786

$1,976,021

1517.

31,145,616
10,390,169

5,145,388

:s
■

$15,938:047 $14,913,797

revenues'

excess

Ox Fibre

■

oper.

52,403

42,905

51,256

5,485,805"

52,111

Brush Co., Inc.—Registers

With SEC—
Vincent Lock
Ox
Fibre

Robinson McEwen, Benjamin h. Shuff and Luke
trustees under the voting trust of capital , stock of
Brush Co.,
Inc., have filed a registration statement .with
/ Alfred

wood

*

JSr

Operating revenue deductions-/-/r/-^-/-;-;-?.Normal and surtax
—

Federal

.

/
i
1945—Month—1944' /•■ 1945—10 Mos.—1944;
$5,49*1,577 $4,912,110 $51,889,274 $47,268,803

25,889

$18,165

Federal

•

Northwestern Hell Telephone Co.—Earnings—

Period End. Get. 31—
Operat.
revSr
1—
<;

i




Fort

rights on May
dissolved on-Sept; 12r 1945.—V. *162v p. 1772.-">* -

sold

Oper,

$8,359,879 $84,146,785 $80,159,189

The directors ha ye voted to split-up the

Operating

*3i',73^

3.864

*>

Natural Gas Co.—Earftings-

Oklahoma
12 Months

Balance

Period End. Nov. 30—

,

.

.

1396.

oales

Split-Up Authorized—

213

•

211,i/h

$142,507
.//:/ xjPv

—V.

$359,8 i7

$335,093 -

,

1

share

Newberry Co.—-November Sales______

5,982

,

__;__™/_ ,/'. $26,008

Operating revs.

(J. X)

308

#27*.762:
•*
*378

1944.

$113,183

I Net income
162, p. 1174.

199,157

-• $354,764
V
5,052

-

.*•/

common^stock, par $10, payable Jan, 3, to holders' of record
H'n f :
i compares with 70 cents- each paid on Jurie 30 and'
29
last,

232,688

$329,110

"

Interest/amortization of debt premium5- and/ex- ip
K pense : (net )*,' etc.,
of subsidiaries/™—-™-™/ /
Preferred dividends of subsidiaries-..;™ .i_^.™_.*_ •;

■'

Net

and was

the

Sept

16,698

8,137,260

(& Subs.)- -Earnings-

"Grdss-lflcome"^——————

,100

$27,385 /:" $231,229 - - $328,082
r
*- Includes interest on 1st collateral lien bonds.
,/ v ~
NOTE—All: figures chare been adjusted* to exclude the operations
of Texas Motorcoaches,
Inc.v; a subsidiary company operating inter-'
j

urban bus

New York, Honduras & Itosario Mining Co.—To Pav
Year-End Dividend of $1.50—
;
.
7 77; 7
have

•'

'

'

$8,192,802
7,932,877^

$8,406,007
*

Operating expenses/ maintenance and takes—
257,211
Provision for depreciation and retirements—™' ,.( 15,224

319,300

$27,454

// $26,220

botes, etc.

Int. on equip/

;

The. directors

v

"

i945

-161,400

./

344 *J v/;.//
.'

Gross .income

pany

on

$25,876

—-

(net)——

'

'

_™-...———7

r-

due Dec. 15
1970
& Co. Trie; will head an-

.

payment and discharge of

Crl21,700

*

/

23,100

__™_—™-

Other income

bonds,

and

/

'cover¬

Halsey, Stuart
underwrit-mg; syndicate which will make a public offering of the bonds'
at a price to be supplied by amendment.
'
~
^ J
Net proceeds, augmented by treasury funds, "vvill be hsed' to" retire
on Feb. 1,
1946, all the company's outstanding 4% bonds, and for the

Hayden

;

250,700

,

" 1945—10 Mos.—1944 y
$6:240,937 $65,078,873 $59,981,427
8,811
101,269
'74,183

2518.

Ohio Cities Water Corp.

,

>

Co.—Registers $12,000,000 Bond Issue

company "has fileiT a' rCgistratfiOtt' statement' with" the SEC

147,800

29,000

,

Crl0,400

returns™

tax

Operating income

New York Dock
The

15,500

Crl2,600

13,000

surtax

profits

excess

162, p.

-

tax_£.//>' 19,600
Havings from filing of /i
Fed.

99,518

Co.—Ea rnings—-

$856,869.. $845,817
825,288 /
808,943

income

oper.

income™

—V.

—

Fed.- normal and

New York, Chicago & St. Louis RR,—Bonds Ready—;

;

266,458
$154,147

,

Olierating expenses
Operating taxes

1945—Month—1944
1945—12 Mos.—1944
;
1
'•
-;;Actual
Pro'Forma Pro Forma- Pro Forma':
Operating revenues ___
$303,780
$304,714 $3,640,078 $3,564,877
947,569
% 869,389
76,650
Equip, maint & gar. exp*.84,187
1,567^875
1,511,971
128,956
Other oper., expenses—/
124,386
286,034 /
253,993
y
23,054
General taxes
23,530

■

$174,450
117,600
117,600

Operating revenues

;

$8,027,033
$3.58-

/ Period End-. Oct. 31—

com--

586,799'
.

J—1944
1945—Month

revenues//™
$6,644,216
Uncollectible oper. rev.™//
13,362

425,000-

$7,008,579
/ $3.13

North Texas Co. (&

$1,007,404

.

L_

$12,671
7,441

17,191

™~.

Ohltf Bcii Telephone

Net

31,-1945 (before taxes - and adjustments) will be debited in an
equal to $8.25 per share for the 7,500'shares to be issued T
$61,875, such per share valufe representing
approximately the fair

59,763

323,085

Period End. Oct. 31—

amount
or

/ 28,387

Operating

•'

315,000

1

net

Estimated

.

Oct.

72,198
15,234

1,291

•

$1,066,614
644,440
247,724

r

,

profit-; $6,865,486
)
$3.06
Est. earnings per share
—V. 161, p. 2450.
■;,://

reserves™'

Depreciation

the

5110,517

$100,821

'

2,495,0003,215,000 >3,170,000)

2,410,000 ;

taxes--.-;™

,/Hy/: 120

-^-V. 162, p. 2397.

$13,696,799 $14,066,560 $16,492,557 $15,852,760
/ 4,106,313 » 4,188,981)/ 4,257,372
•: 4,230,727-

expenses-.™

Reserve'for

par

134

income-

oper.

Net ' income-™;

%

1944
■/.

•

1945—10 MoS.-

$1,067,905

>$100,941

'

have been notified that $2,000,000

temporary debentures

of

9 Mos. find. Sept. 30—
output *& miscell.

.

7,500 additional.shares of common.stock, with no" par
the earned surplus account in the amount of $215,989, as of

value,

Corp.—^Definitive "Debentures Ready—

V; income

intends

with

stock

$110,651

Operating re\'enues
Operating expenses;/

$1.57

Earnings—

1945-^Month—1944

Operating taxes—

Metal

1945

to register the aforesaid 7,500 shares of value under the Securities Exchange" Act
of 1934, and to apply to the New York Curb Exchange for admission"
to trading of the aforesaid 7,500 common shares.
As a result of the
management

common

//■: $1.40

Noranda Mines, Ltd.—Earnings—

,

stock. "

declared a ten cents per share cash
to all stockholders of record as1

also
20,

Dec.

$0.06

;

amount of definitive 15-year sinking fund convertible de>
bentures, due Oct. 15, 1960, are available for exchange at the Schroder
Trust Co., 48 Wall St., New .York, N. Y.—V. 162, p. 2647.

;//-. -/

•■>;,;/.
of

time

Telephone Co.

irid. Oct. 31—'

,237,500-

payment to stockholders entitled to frac¬

22,1946.

the

at

Period

revenues
Uncollectible oper. rev.;

principal

*

The

Holders

237,500

share™™,

per

Noma Electric

•

upon

.

tional shares

■

$372,975

$331,648

296,875

1/rY.y 162, p. 2647.

fractional

such

$18,079

profit
j.
capital shares

Number of

,

the last sale made at the price of $8.25 pershare on the New York Curb Exchange on Nov.. 23,
1945, being the/
declaration-date of such stock dividend. It -is proposed to issue such
shares

Ohio Associated.

$1,812,276 /
$1,580,975
1,249,327/ 1,439,301

$94,930
76,851

r

.

' ?-

1943

1944

'

'

Operating

connection with the aforesaid
who may be entitled to a frac¬

stockholders

<

Federal taxes _'__;™i;™™™/

-

Holders

'

'1945

Quarter Ended Sept. 30—

,

the stockholders was scheduled for Dec. 21 to '
Vote upon a resolution authorizing the
increase in the number of
shares, with no par value, from 150,000 to 157,500.
/;-■;/)//>/v
-The
purpose
of such increase is to provide for the issuance to;
.stockholders of the extra 5%
stock dividend which was declared by
the
directors
on
Nov. 23,
to become payable Jan.
22, 1946, to =

>

-

1,404,251

$161,839

revenues

oper.

Interest,

p.

Increase

61,579

'

-

*$631/325
1
1,329,334

income

Gross

of

Inc.—To

/

125,366

income

Net
Other

& Trust.jgp.

Hanover Bank

.

Co.,

97/42S
179,989

968,337

186,924

V-T'/Li'TVv

^Oper, exp. & taxes

"

-

.

Auction

York

New

117,017

"

New York, N. Y.,'for payment. No interest will be paid in re¬
spect of ;said "certificates for any period after Dec. 17, 1940.
*
*
These
certificates had been issued
under the deposit agreement

$1,257,248 $13,463,274 $12,336,728
831,258
8,401,096
7,889,821;

$1,227,515

operating income

income

—V.

81.,U

49,043;

income—_„_™

Operating

present their certificates for pay-,
depository, 70 Broad¬

Holders are asked to
Central Hanover Bank

full.

in

possible
Net

■

72,206

Northwestern Rublic Service

,

Co.—Bonds Called

securing the first mortgage participating Prudence cer¬
Garden issue) of the Prudence-Bonds Corp. have been

mortgage

tificates

$8,866,454 $94,613,786 $86,150,656 i
6,118,036
67,893,725 .59,177,171 //
1,491,170
13,256,787
14,636,757 . b,

$9,972,014
7,277,143
1,467,356

revenues-

Operating expenses.
Operating taxes
™_™,

,

$135,545

47,074

$157,577

income'™™

way,

1945—Month—1944
1945—10 Mos.—1944;
$9,987,875
$8,870,732 $94,738,305 $86,150,656
15,861
; * 10,278
124,519 ; ,; 101,340, ;;

Period End. Oct. 31—-:

>

deduction?-—

-

,

162, p., 1287.

—V.

(New York, N. Y.)—Bonds

It Is announced that the* principal

/

ment

Telephone & Telegraph

•

income

Net

,

$2,191,900

48,487

Income

$130,425
$130,425

$2,429,878
1,049,025

263,907
22,959

274,643

and'

■

New England

7

50,877

Gross

V
V

-

,

^.818
7,800

$2,355,855
,.74,023

$599,138

25,650

Other

$0.32,

above.-—V. 162, p. 2950.

Niagara Electric Corp.

Garden Apartments

Niles

number

.

ended

months

nine

Niagara Lockport & Ontario Power

•

Output— }

Association—Weekly

Power
reports

Association

The

fully

been

have

$628,028%

—.

Operating

,

'

5,400

$68,859
$68,859

/14,107

for retirements—_

Period End. Sept.
•

See Buffalo

England

New

-

certificates

necessity

war

.

$148;485
6,244

•

6,191

$585,029

18,410

•

.

621,359''

facilities acquired in..1942, 1943

that plant

states

report

$82,526

<

irnin^s— ■
(& Subs.)—Earnings1945—12 M0s.~~1944"

$609,6 J7

Other

Sept. 30, 1945.
For the nine months' sales were $6,933,696, com-;
with $6,535,903
a
year
ago;
net income, $448,839, equal to
cents
a
share-; compared with $374,507 or 60 cents, a shqre for

of

for the Dec. 14 week is reported at
15,998,000 cu. ft., or 10.60% above

915,000 cu. ft., in

621,359
$0.17

2,100

1945—3 Mos.—1944

profits taxes
taxes -J—~.-JJ-

•

$195,869

$107,606

621,359; $0:25

•

pared

•':■/>'• •//>/ "■//.'•'■/ '4'^'// -/>.//'

year ago.
Gas output
an

1944

increase of 182,182 kwh., or 1.38% •
kwh. for the corresponding week a

kwh. This is an
production of 13,241,351

above
•

The

reports electric output,

14, tliis Association

the week ended Dec.

$156,584

•:

Federal income and exc. '

1943

1944

,

"

share

per

t

1945—9-Mos.—1944* ;;

.
.

$4,137$36,007

Open.,- -adm. & gen. exp.
Prov.

//__/;

profit*

Number of capital shares.

ppfj

$333,116?

$243,632

1.801
1.191

1,800

Jj—S

Total otter: rev

•

*

.

,

'

.

::'V: 1,446
" , t 284

-

$2,419,758 : $2;273,334 $2,635,268
471.191
269,016
584,665
u
314,607
l6f,416/
388,796,!

taxes

Federal

before

•Profit

1945—3 M6s.—1944
$7,687
$40;899

iriooine"_i:

-

" T '

-1945

-

1..*.

$67,366 '

$41,54$

Period End: Sept. 30— '

Industries, Inc.—Earnings—

Newport

Quarter Ended Sept. 30—

2,003,300

2,217,100 '

$786,695 ' $815,526 , $2,477,921 $2,561,^2:
. 739,147
% 748,160 : 2,234,288- 2,256,846.

fet.The first time'/' Operating revenues:
-- *
Water- and
sewer_l_i
the neW Winter
Management services-

exceeds

appear

'7

Net sales

Electric Association—Output—

13,423,533

136,894

-iljj.---

incowr

Maintenance

Earned

For

65,150

Norfheisterrt Water Co.

yyyp ;

V9J

■'

salvage.—V. 162/p. 2517.

for paper

-

of

46,946

income _;™™^—
1'62, p: 1287. <

—V.

,

New England Gas &

$2,454,8681

Federal; income Taxes^

2,891,991% 28r027;204 V 26,545,109 ;,
2,296,314
23,566,223- 22,484;05T ;

a .totai which

506.000 listings,-

than

More

the

i.

Nov. 15;*
1945, with respect to dividends payable so that dividends on the" $2.40
preferred stock received by the holder will be cumulative from Nov. 15,
1945
'
> 'f « -• ■)/'•
' •'*•'•:i ■
The unexchanged 8%
preferred stock Will be redeemed On Jan. 2,
1946, at: $120 per share and dividends.—V. 162, p'. 2647.
.
. - .
:

$2,412,771

„

_

admin, exps—
Taxes, r othef than Fed.

Spring 1946 Manhattan telephone directory delivered To-subscribers in/
this borough beginning Dec. 12.
Approximately 680,000 books will be:
distributed by carriers who will at 'the same time collect the old issues,

this offer will be made as of

made pursuant to

$768,580*

Period End. sept. 30—

-

Issues New DirectoryT

.

481,534

7 .609,500'

$767,642
13,053

~

income

o»ef

T'ibtal

.,

4*
2,480,874

1,526,344

503,631

f; Gen, and

222,376,105
13,794,198 151,536,293 135,726,992
6',645,8Q1' >.66; 151,209 V 60,104,004

-3,127,513

incotnej./T

olier.

Net: income

company's offer of 2% shares of $2.40 preferred stock, par $100;
in exchange for each share of 8% preferred stock, par $100, outstand¬
ing, has beeli extended until the close of business on Dec. 28, 1945//
"The Fidelity Union Trust Co. of Newark, N. J., is agent.
. //>v:, :/;■;/
The holders of the 8% preferred stock have the right either to pur¬
chase from or to sell to the company fractions of the $2,40' preferred
Stock at the rate of $50 per full share, as no fractional shares will be >
All exchanges

Net

•

J The

issued

'

23,331,990 245,724,616-

26,331,251

revenues.,

702,316

1,480,695
1,537,094

,

• cess prouts taxes.™ ^

|

222,652,966'

29,433-.vf,! 320;?547v;;/276,861

-

H Opbr. expenses C--~J1~? 15,764.067
Operating taxes- yjijj-jp V'7,439;67I

/:'/

Extended—

Co.—Exchange Offer

Neptune Meter

;

'

4,493,085-

1,475,515

■

637,460

than Fed.

:/ Taxes, other

$

23,361,423 246,045,570

26,373,538
42,287

revenues
Uncoil.- oper. reV.J~.--J~

,

679,410

' *

> *

1945—19 Mos.—1944

1945—Morith—1944

Operating

Co.—Calls Bonds—
i All
of the outstanding first-mortgage' and lease collateral serial,
bonds dated Jan: 1, 1941, have been called for redemption on Jan.- 1,
1946, at 105 and interest. Payment will be made at the Continental
XUinois National Bank & Trust Co:, corporate trustee, 231 So. LaSalie
111.—V. 151,« p. 3404. ■

492,369

: othv^ income—;

the com-:

Stock Exchange directed: that

the New York

14,

/.".■'■.V-'.'r-V.i.'"!."'--

rV' V-

326,814

—

Depreciation

Net

Nebraska-IOwa Packing

street, Chicago,

Dec.

177,583
1,553,064
243,045
488,377

"

is

$13,162,766
491,415:

4,629,397
878,780

a

Period End. Oct. 31—

cuiTent assets
$834,005.—V. 162,

/'

Maintenance

$8,699,681

-

1,545,140

,—'

exps

,

.•

three

.

2949.

-

$4,321,681 $13,816,316

^on< stock bte nbt quotdd ex safid distnhritton ihtiF Dbc. 31/
^ ar6ss; income
TP P* Z397.'
•1A'V7T,';777^:Tnt.;sanct' other deducts.

Sept.- 30; 1945; including cash of' $1,644,540,
$4,810,500 against current liabilities- of

of

totaled
p.

of

/,
before taxesi__-2_'--2__--'-.v-----~4.-^--vL--->. 4, 1,0

income

-As'

common

.-

On

Net income after
XSIet

Othef oper.

purchd.

gas

f6ur-for-orie split-\ip will be effected; In The,
stock, of no par value, by the distribution ori Dec. 28/ 1945;
additional shares to holders of each share'*; of; record Dec, ;

that

,

$4,396,283
123,287

reVenues^___

Power; and

,

Fibre Cov (& Subs.)—Earnings—
MONTHS ENDED SEPT. 30, 1945

rdI„c

7'777' 777'7;:77': ■77':.;'7

Stock Distribution Ruling—
It is announced

//'

"

Operating

of the

the issuance

by

effected

be

number of additional sharfeS,
A
y* Ari! Aug.
17; stockholdSVs - apFfdved; av pVopoSat} td iricfease the»*
authorized common stock from 800,000
shares to 2,000,000" shares.'

,

. ,

————- ' ,

will

split

the

as

Period End. Sept. 30—

appropriate

30; 1945
y
$725,986

provisions of •Internal y

——1

Revenue Code

••

earned
\

the

at

certificates,

Cotpr.—Earnings—

National Union Radio
y

record

(appro¬
•

-Earnings—
'i
North West Utilities Co. (& Subs,)
1945—3 Mos.—1944
;
1945—9 Mos.—1944

shares will be iSsiled, on or about Dec. 28 to holders of
close of lifusine'ss Dec. 21.
' ;
1
It will not be' necessary. fd'V holders of the present stock to return-

Additional

account, including accumulated
deposits), $172,721; reserve for losses or

$184,729; $6 preferred stobk retirement

the

SEC

'■

.Volume 162

Number 4449

for; voting' > trust1; certificates
capital, stock, par .$100.

covering

V.. The

period" of

voting trust, is

for

the agreement, for
tificates "have no' power-of termination.

is, Dec, io,

1950,—V,.

161,

holders of'

the

the

the

of.

"...

,

'I, Old

Dominion Power Co*, (& Subs.)- -Earnings—

preferred

Total

oper.

Operating

expenses

Taxes,; other
and

Federal
Net

1

848,124-

eXc.

;'fi'fi'iiy ■*$■■'?

profits//. I

income

income

Gross-

taxes—,

f-'^.OOO.

.■

income/u-yv-J.-.*;''" > $22,9987
deducts.', V
33; 784'

69,884

3,560

't

7 430-

"...

160,549*7 7 164,181;

162, p.

Net' profit

dommon
"$10,786

•

$12,351" *r- "$22,869 Ft

;

1397.

Tie

Sept,
9-Mot,. End.

Sept.ijO^—

'1945

•

7

7

{F ;'.';r.3944

-

1943.

-

,

war

,

;V

1942 ft

.

completed*"

;

65,526,934

——

Gross

profit

from-,

40,771;542

shares

thato based

J,

13,911,361-

55,480,505

;V*'6,947;3696,126,474-

proclamation, of*

for

..'Total

income-I;—-*..

$11,831,894'

charges

reported

applicable to, income previously

1944..

year

v-

concentrates shipped but not sold ao
June. 30,, 1945,* was valued at £352,10.0 per long ton of fine tin
(62!^
cents per-pound)
f.o.b. SouthAmerican, ports,, as against £333.10.0'
lier long-ton* of -fine tin" (60 cents per pound) as of June 30, 1944/
The

—V.

report

162, p.

"Net

Earns*:

denied
80,613' .r v 166,235
301,513
229,174
charges that he; or-: the- corporation., has in any. way hindered or>
Post-war tcadj. & w>nW /V'."f "71
.*•' -l-v
■ y,7.
flfempered development ,of/television as charged*, in-a-civil, anti-trust*
;tingencies.
: 1,080,000 '77* 600,000
.1,228,150 '
400,000
! suityfiled by'the Go.vernment',in Federal Court-on Dee. -18: He stated;
IFederal income taxes— ,;! 8,595,000
5,'945,600 " 8,260,000.
5,950 000.
that- "Paraipountr Pictures hasi in the-last seven years done move forf
(
.v...;
■■■
•;•;/•
- ■
'
the promotion and;'development of television" in - the v home and in*7, Net- profit
$2,076,281". $1,935,745
$1,973;235" $2,237,588
theatres-tnanyany/ othew organization with the possible exception, of?
Earns, per sh'.- on com. 7" "
$0.89; V '
$.82
$0.84- <,
.$0.97
RCA, NBC and-CBS."
' :
;
«•
•
'
'
!• tlncludes excess profits tax. after deducting
The
Government
named:: Paramount; Television
Products,. General
post-war, refund.—V: 162;
p.-1397.
iPrecision Equipment. Corp., Scophony Corp.1 of America and Scophoriy,
.i'-f
Ltd.*, of London; Mr. Raibourn and two other^individuals: im chargesr
that they had, conspired-.to divide markets here and abroad and had
; Pacific. Caii Co.—Declares 12^-Cent Dividend— y
t
delayed devdopment' of - two systems/ ofprojection,
known as the
The-directors have- declared-a* quarterly dividend of 12Mf cents: per
."supersonic" and "skiatron" methods,: designed* to permit use of tele-.
share on the
19,

in

1894.

*

'

Sept-36-~

'

shares "

taxes.—V/

charges and

161,

$256,803

310,063.
$0.83

310.062

$0.66^

-

-

1942

.

310,062
$0.41

310,062 .$0.64

shares,.

com.

"Alter all

"4

"
1943
'
$205,192

1944.

1

$128,028

$197,695

com.

per

' 1945-;

,

income

Gutstand'g

corporation.

tin

states, that

Bcerless Cement' Corp:—Earnings—

•

Dic^-Televisioni Curb Denied)—

y: Paramount Pictures,

\

Paul Raibourn, head of ; ihe television activities of this
$8,816,762 ;and President" of
Television
Productions,Inc.-"on Dec.

$8,646,980 $11,762,898

deductions:

.

the

ended-June 30,.

to $262,000) * rep¬
and a retroactive

(equivalent
price, of. tin

'

9 Mos. End.

Operating profit'!— 7 $10,827,605'*$7,784,887 $10,979",328 $8 ;107,022
1,004,289 .f " 862,093 / '7/ 783,570
:,y;; 709,740

Other

In. smelting

decrease

■

,

profit after taxes for the six months

approximately
£ 65,000
retroactive increase in the

resenting a

29; .1945,the. company's subsidiaries' have elected to amortize:
facilities within the-period; of the-emergency..- However, as ad-»

-.

Other,, income
•

$1.
net

includes

1945,

;

,

to

7 Estimated

$0,14-

-

Inc.?—

Consolidated*,

&,- Enterprises

S.

bolivianos

4,702,944

.

,

President's

the

on

:

Milies

,

$656,226

-

.

4,702.944
$0.32

.

$0.-29

states

report

$3,089,844
2,433;618

$1,507,455

4,702,944:

:

1943

.

.

$4,291,927

$1,387,597

>2.——-y-r.'*
outstg.-l—L-^-Llyj:

1944;

-.

•

41*380,327

42,726.361
42,726,361

17,774.974

op.

Expenses,; etc.

51,845,765

62.112,127. 55,480,505
62.112,127

1299:

p.

reports for
the: six. months
ended June 30, 1945, an
net * income- after Income taxes,
of £300,202 (equivalent
$1,211,315) plus 41,727,337 bolivianos (approximately $993,508),
For- the first half- of 1944, adjusted.net income- after income taxes,
was
£487,247-(equal to $1,966,042) and a loss of 7,486,613 bolivianos
(approximately $178*253).
'
'
■7 Conversion of pounds sterling was made at $4.03'A to, the pound, and,
the
exchange
value
of
Bolivian
currency
is approximated
at 42

profit figures 1 for either "1S45 or'1944/
The effect- of these adjust' ments^wiH: be -shown, in-'the accountf for,rthq calendar-years r * - y
During -the third-quarter; there were extensive cancellations of" war
contracts,vseveral of. which have resulted- in« claims' for reimbursement
16,361,966; 13,470,782.
jvhich have npt* been ^adjusted, hence not* reflected in earnings for this
5,382,638 V 5,363,760
y quarter.—VF
V
FF-

03,353,790
"

68,862,500

was

Company

to U.

,

Orders

share.
elected

common

estimated-

justments- in:-. reepeet 'oP accelerated"amortization/were not made im
the* .accounts^ atvSept.-30 they ard1 not reflected In the« -third, quarter*

;

,Orders booked —$58,123,123: $68,961,515. $37,540,872. $91,092,212/

Dricompl. old; Sept: 30/7
Billings.against orders—.

present

Young, former Chairman,

Earnings—

•'

'■

567,792,- -,-2r784,472(

-,

Earnings.-per "share

$14,011'

*

yi Oils Elevator Go.—Earnings— i*'

.1945

$1,955,389

prov._-_'al

$178,198"

$13T;680

-v-.;..—

...

tax 7

•

1". l.': 11.\

\r

Quarter Ended Sept. 30—.
before Federal* tax—-—-

Federal

*33,508*7 7

ii -*r

V

-

Profit,

"

*

160,

Patino

:

Pan American Petroleum & Transport* Co*/($ Subs)

Earnings—' \~L'

$177;7681

437

•

^

27,698,

$137,243

-'

7- $45,859' "
*

:

73,495

.9,200

.,

and: other,

.•';

17,934

."f

,

: 7 $45,707 •
.744:'.,,1"/" 153-

..$22,954

.

___;

.-'Deficit.—V.

J

—V.

.

.

operating/income

Other

Int;

$1,087,228
811,877

$1,062,422

223,235f..* 188,003*
T'-r-/

,

Eed.

will

as
heretofore, it was disclosed, but as a Panhandle
with its management and key personnel remaining underr
the joint .direction of Harry D. Watts, President, and Andrew Fisher,
Executive Vice-President.—VV, 162* p. 2187.
V, ...
a,

operated

M:

subsidiary,

,

if inc.

*

•

than

and, Chicago,

offices in- New York

each

for

President of the
company,
and
R.
W.
Purcell,
former
Vice-President, was electee!
Chairman of the -board* ' J. S. Young retired as President and Karl
Herzog as-Treasurer.
J. J. Anzalone was elected Vice-President ancl
C. W. Sharp as Treasurer, and M, M. Malone was re-elected Secretary,

converted by, their holders into $400,000 of;

company,'with

exchange

Kenneth

(

stock.
,

In

of new common

7, will result in the issuance of. 10;shares

Jan.

on

stock

1946,

The? Stewart

be

•

19457—-12 Mos.—1944 ;

•„ „.1945—3Mos.—19441
revenues™
$260,131
$260,C44

,

7,

acquisition

U,906.snare& recently, werq

-

*

'.jy Period End. Sept. 30—

Jan.

on

cer-1

date

termination

The

ing

$777,798,-r less adjustments- to- be prescribed by auditors,
wim: the baiance payable subsequently.
Involved in
are
12,168 - common
shares, originally constituting,;
50.7.7i> of* Stewart's 24,074; outstanding qommon shares.
The remaining,
payment* of

J

'

and no provision is

2336.'

p.

company's

•

,

five

years,
earlier.-termination and

made in

agreement

shares of the

18,694

..

.

a

3079

THE COMMERCIAL & FINANCIAL CHRONICLE

2791.

p.

,

.

,

,

Pellor

-

*

Brewing Got> Ltd.—Stocks Offered—

The company with offices at Terminal Buildings, Hamilton, Ont. is
offering $350,000 5 Wlo cumul. redeemable preference shares (par $25)?
in units of* four'preference shares and 8 common shares at $100 petf
unit.
'
•;
■

.

-7'

'

■'

;

.

■■//.■"

;

v

.

Period End; Nov. 30—
/ ■
' 1 ■ ■ , "i, , '
-k

capital

record

Dec.

22.

31,

June
:

vl*

par -value-' which-

no

par-shares-for

25

cents

and Sept.
7V-'• '»

30

*

:

of

.

$5? payable* Deo.
equivalent* to. 25 cents per

This -is

capital stock, of
basis of • two ■ $5
distribution

stock,- par

each

29,-

no

were-made

1945;—V.

of

share on
held.

.

shares

old

'

9«Months

Ended Sept. 30—
...\
profit after charges and taxes r, $119,089
shares outstanding,—
555,934.,
Earnings per. share ———— y,;:.y;, $0.21

JyvC;1945

Common

,

<

$302,994

»

555,947

of .Mt:

556,265

$0.38

,

$0.55

New Preferred'Stock Issue—

on

Wilson

in- 1946. .In

mission-of<v500

'{

Avspecial stockholders', meeting Has been called for Dec. 28 to vote
,a - proposal for the authorization of,: $3,000,000 preferred; stock.

it

location

this

which

of

company plans to
sell $1,500,000 of 4J/a%- convertible: preferred
through underwriters about the middle of January. The conversion
price and other features will be determined later.
;
V
A. K. Humphries, president, advised* stockholders that the
company

expended

next; 12. to

over

,

24^ months

>

for.

replacement,

ex*

stockholders on Dec. 12 approved a recapitalization, plan which
for a merger-of: this company with the General Cement Corp.;
wholly.owned'subsidiary. The voting was 361,209 shares for and
28,367* against' the plan, r. . ,
'
" •
7,Holders?, of? tho 121,200
shares, of $7 preferred stock, on which
arrears
were
$100.04 a share on Sept, 30, 1945, will' receive in ex-y

;
,

change

has

the

share- of
011

*

-

Scophony Ltd,, during. 1939,* 1940 and-1941, Scophony
willing to sell arl6S{>" interest in the American rights for. $8*,500which/Television; Productions, acquired
in
the
hope
of
furthering
television.,At the request pL Scophony. it'Las since, made some small

was

0.additional, advances.

to

allow> Scophony,

•

Net

profit" after

charges

and

taxes,

"

capital share_„:

per

7/9 Mosi End. Sept. 30—

$1,267,880

$5.35

7;:

J

profit -aftert chttrges^._J
Fed. inc.jfc.exc. profs;■

1944-,

$803,081,

? 7

$3;500,719V

■„

$8.45

.,

' -taxes

.

Premiums
written
during the' first nine months of 1945- totaled
$J2,081,362y a"; decrease: of $437,345, or 3.49as compared; with the
of last year:—V.; 160, p. 1407.
::F-Fr
:
"
r;'.'
- vr,;.\
t
f.F.
-

Net

Profit

Hes.

Net

.

after, charges
and
State -

for

No.

1

;

y "z

1945

.

profit

per

$10,757,700

taxei____^.-_^-6,118,000.

$1,256,000

shares.—L'7:—

erties and Liquidate—

shp.re__.______„7„_!

§3.17

162. p. 1517.

$1,335,800

396,123,

7

$3.33

Period End, Oct. 31-

1945—Month—1944

"77/

7".

•' *1 *

J'

"

'

7

'

'l-

12,446.257
40,228-*

revenues
Uncollectible oper. rev;_

Operating
Net-

Net

taxes

operating, income
7/

162,

2950.

p.

:

v

:

/

Pacific Western Oil Corp^j

9 Mos. End."Sept/30^—

Net

alter

Exp:

taxes, /dep.,

royalties—*

etc.-^

-.=

--

•

to

ment

of

73,512,276

21,462,442

1,131,794
1,771,833

11,536,511,
17,106,471

-Earnings—

1945/

1944'

10,736,604

1

,

•

;

etc.

Interest,
Loss

on

'

160,866

4203,603- '

7

tOn

'

22,809

shr.

per-com.

721,905

p.

renegotiation

2791.

102:546

--

•

The

$118,084
'

profit

«

—

$180,694\

com7 shr.

per

1,000,000

shares

of

103,0071

69,500i

.

per

"After

-

/

contracts

1944

/

other

162,

<

Co.

Upon

proposes

consum¬
transfer

to

its sole stock¬
of the balance
.

-

.

and

Federal

1943
1942
$1,282,592, $1,417,024
t$8.55
t$9.45
(On 150,000 shares of capital
1944

.

$1,430,468
t$9.54

taxes.

750,000.shaa-es of capital stock.—V. 162, p.

Sept. 30—

*

INCOME

-

.

77

income

Gross

ACCOUNT
7

-

Net

.-

v

1944
$1,444,046
745,736
86,279

$632,271

$612,030

—

—

»

* 1945
$1,467,538
774,244
/
61,024

3,810

3.929.

316,092

317,606

$312,368

,$290,495

&c.,

-

income

1324:

162, p.

7.7%—

Peoples Drug Stores, Inc.—November Sales Up

$0.79

Period End.

charges,

T

deductions of subsidiaries..-—
amortization of debt discount, pre¬
(net) and expense, etc., of corporation

Interest,

2188.

(& Subs.)—Earnings

—1—

7_'_—

earnings

Interest,

1942

$569,693

subject to the approval of

Massachusetts.
Gas

Operating expenses, maintenance and taxes____ ■
Provision for depreciation and retirements___^

sales

Net

Nov.30^77 ,

_t.

•

r

1945—Month—1944
1945—11 Mos.—1944 .
$3,148,601
$2,923,503 $31,715,949 $31,067,606

1945., the company operated 13L
month last year.—V. 162, p. 2398.

During November,

from the

607,

p,

"* 1945$1,356,297.
JS1.81

v

CONSOLIDATED

'

1943

and

charges

tOn

mium

$922,222*. $1,141,800; .$1,159,758
$1.27.;'
$1.58=
$1.60

depreciation,

:

share_;

com.

12 Months Ended

for

(& Subs.)—Earnings— 7

are

of

Shore

Pennsylvania State Water Corp,

-—V:

Companies,
ofr this

directors

proposes

89,468

loan

to

Ino.—Proposed

corporation

Schumacher

and

of

one

aften

share

which

Pathe

of

Schumacher

Paraffine

for

stock,—V.

161,

$128,517

poses

$162;210

$.13

$0.16

p.

The

same

stores, unchanged

Schumacher

Wall

Pepsi-Cola Co.—Earnings—
v

Board

each

$2 cumulative pre¬
holders
would: be
oflered

no-par

common

three

shares

heldj—V,'162, p. 2518.

Two

Concerns—Pro¬

10-for-l Stock Split-Up—corporation

on

Dec.

connection

announced

19
with

the

/Net'

profit- after charges
outstanding

series
of

internal

of
a

worldwide

changes
Anglo-

&

•—V.
r

,

per

162,

p.

share*

$4,923,673

6,752,003
*

$0.75

' '

1944

5,752,003

—

________

2823.

,

$4,330,000

taxes—-—

Shares

Earned

V

Petroleum & Trading Corp.—25-Cent

$0.85

'

Class A Div.—

The directors, on. Dec. 13, declared a dividend of 25 cents,per sharo
on
the
class A stock, $5 par vaiue, payable Dec. 27 to holders of
record

a

formation

*

1945

9 Mos. End. Sept. 30—

under- which, Paraffine
assist in the retirement of

to

industries, Inc.—Merges*

undertaken, in

2790.

Merger—

consolidation,
$700,000

present" 27,330 shares of Schumacher's

ferred

11,000

$389,032 7
$0.39

■

$0.18
capital

war

/,

;

1945

Corpl* have?-approved* plan- of

133,594
$251,678

$242,524

40,263
■

.

of

•••;

normal

shares.—V.

Barmffine

•

,

Net

161,

in

59,432
<

tOn

required

was

$1.15

North

1942

$139,978
-

-$558,228

debs.

fEarnings

for

the

sale

"

$397,362

'

-

earnings

t Earnings

the
.,

Government

this

profit,

stock.

7,274,409

no adjustments of contract
prices on
the 1945, and 1944 periods.
No adjust¬

ParmeJee Transportation.Co.

-

160,518

,v,

S.

Utilities

Pennsylvania? Salti Mfg. Go.—Earnings—-

and pro¬
vision of $1,869,366* in
1945; $2,412,705' in *1944; $1,774,494 in 1949,
and ..$347,400 in
1942 for Federal income and
excess
profits taxes.

"1943-

•"

$43,105

income

U.

$1.16

,

9>Mos. Ended Sept. 30—"
"Net
profit./ L__o_____u •

17,112,819

$2,507,260- $*1,894,692'/. $1,351,791
2,109f898*
I,754i714*
.1,233,707

2,212,163/

Profit*

4,896,780

—j~:

105,711,322

80,505,859

27,421,858

'

Other

outstanding^4,890,780

share

"After* interest,

$2,255,348
-.

per

acquisition

Public

"12 MOS: End. Sept. 30—

"Net

$5,785,572
4,896,780
$1.18

$5,634j8l6

and

of

..

208,741

.

8,120,000 /

$5,701,462

shares

sales

7,561,384

-

adjustments.

closing

sale

$13,754,816 $13,059,981

7,325,000

profit

" NOTE— Company; anticipates

,

"

,

Net*

978,122

2,391,017

1,163,263 r
7 "; 808,300)

lhcome

r~V.

11.084,195.119,464,228
"

2,773.664

$537,811
7'2.43.683
$2.14-

208,864;.

*

a

proceeds to= Pennsylvania Gas & Electric Corp.,
holder," in satisfaction of its debt and in distribution
as
a
liquidating dividend.—V. 101, p. 572.

/ '*•;7-.,4 ' ../y-:.;
v ' " -.7'
77?

205,201;..

profits taxes

exc.

of

Earns,

.

subject? to

Department

mation

("ik;

calendar/year 1943.—-V.

7

'•

--'

!

an

Co.,

the

96?,000

243.683
-$38T

.

$3.-49*

'

'•

/

v

-

cash,

-

the

Gas Light

Lowell

sell to

The proposed

(

-

Gross

> 266,800

/

./,; 305,008

27,800

7 :

,

Operating; revenues12,406,029
Operating expenses
8,469,102

119,769,236'105

11,111,995

&

Common

*'*
.

Operating

7

258.604*

,_7'7l___^___7.____v'$13,026,462'

income

Earnings

1945—10 Mos.—1944.

'

$"

^

.;

v.u

F

Federal* income

7

?
*

279177

income'*___7^l/_!J_7rJJ_y_„

Total

•

$3 37
*"

.

(7 Pacific Telephone «Sr Telegraph Co.—Earnings^—
■

:

,

"

application to. the SEC*
non-affiliated gas utility
company, all of its physical properties, real and personal, consisting
principally of gas distribution facilities located in the "North Shore'
district
of
Massachusetts, including
Ipswich, Hamilton,
Manchester,
Topsfield," Wenham, Essex-, Georgetown and Rowley, together with all
easements, accounts receivable, materials and supplies, franchises and
contract for the purchase of gas, for a base consideration °f $150,000
to

proposes

Profit

-7 Other'

396,123

-

stock:

-.'.y

,

Co.,Car subsidiary, in

7 :North-Shore Gas

,9 Months. Ended Sept. 30 -i •FF
1945
1944i
V?-f-7/-1943t'l»:..
from" operati"onsl__2-777____ $12,821,261 $13,545,952 $12,851,240

750,000

$1,317,700

396,123

common

new

Pennsylvania Ga» & Electric Corp;—Sub. to Sell Prop-

-f,

$1,499,811
"-.7

$960,281*

$902,269.

!

""""

'

;

,

'

^-^;ife^^x®avis*.

8,043^600

1,125,000

p.:

—VM61J

$10,129,600

J i 8,315,000?

562,000

purchase

to

as
promptly as justified by results.
He estimated the
may'earn $1,500,000 after taxes next year if labor problem#
are. dissipated,
or the equivalent
of about
,$2.90*share; on- the- 524^000 shares- to be* outstanding- following com¬
plete? exchange of shares, but before giving effect* to the shares to bo
issued upon exercise of the warrants.-—V. 162, p. 2518.
j

in

1942

'

:

$2,882,002

2,048,167: y ,1,921;721

■:*

$1,092,160
*

7

1943

•

holder;

per

material* shortages

and

:

r

194*3'

-

$2,950,436

outstanding ,.-._7 y \ 252,328
Earnings "per-com. shr-L :* -J":
$4.33-

•

f

1944

v$7,936,000

—,—1

capital-

Earnings
—V.

1

contingencies.^

profit

of

1944

.

-2,408,559

/

'

!

9 Months Ended Sept. 30—

Federal

-.

Shares

..

\

./-

1945

$20

company

.

like period

,Pacific Mills («fe. Subs.)'-—Earnings'—

Exchange.'

York Curb

entitle; the

payments

its

tos pay

Ba«>k & Tilfond,.Inc.(& Subs;)^-Earnings—
■

Earned

new

New

<

solicitation- by

* —

• •

V'-;''.'.1945

'

the

warrants

-

share from June 1, 1946, to May 31,, 1949, inclusive:
*.
Victor
N.
Roadstrum,
Chairman,; said at the meeting* that the
board-of -directors-intend-to. establish a policy
of regular, dividend

s

7"

iThe

at

.

>-.

shares

share of, new common

warrants
i

shares for each share, and holders oi*
will receive in exchange for each share
stock and warrants to purchaso
stock.
Application will be made to list tho

common

new

one-tenth

one-fifth

*

Co.—Earnings

four

400,000-common

held

"

••<*>9 Mos. Ended Sept. 30—

Recapi¬

7

its

j..

Pacific Indemnity

•'

,

,

calls

patent' expenses
7 '' '■/ 7
-'.-'•• •7
: •
pansion and rehabilitation, of plants,- and- for. additional facilities for /-■ and its staff; of four-people. . - .
F"
"So much has happened, in radar, electronics and television during
handling building, materials.-—Vv 161, p, 145^ "
<+•: ,
the war. that the original* supersonic ideas-which Scophony. held, are
/
probably, obsolete.-The large sums of; money, spent/by governments
.y Pacific :Gas;&' Electric Co.-—^New lmprovements^
^^y 7- during the war on .the Scophony Skiatron principle have so far- failed
j/The company has started work on a new '220,000 volt $6,000,000 7 tq produce a successful method of applying it to television. Televipower transmission Jine from its Shasta substation to the San. Fran- 7*;-sion. scientists, would;
have, laughed at us had we at any time claimed
cisco-Ba.v area.
It : will be the third over this route. ^ Contracts- for.
yw Scophony to -have,,the possibilities indicated, for! it in. the; newspaper
$4,000,000
for materials land
equipment already liave been- signedpublicity of; the:; last few days."-; ,•
7v t
7/ 7 7,
He further-stated:; Tt^^ is- amazing to-me that at' no time has any
Listing of Series N Bonds—
i
representative of; the Department: of 'Justice seen fit to discuss with
The New York Stock
Exchange has authorized the listing of $49,- x
me
the question of Scophohy's: possibilities or*.our activities in con¬
000,000 first and refunding mortgage-bonds, Series
N,.3%., due Dec!, 1,
nection, tnerewith.y'-r-V, 162, p.. 2518.
•
1977, which are issued and outstanding;—V. 162, p. 2950.
be

7

.

.

would

,

V.The

;

"Paramount- has7a* small interest in the Scophony situation. This
interest'in Scophony was taken by Television Productions Inc.,upon the

The

465,471,353

Pemisylvania^Dixie Cement Co;—Merger and

this available to other theatres,
v-.y
7-Vv:yy.>yyy

•

.

;

much

so

-/

162, p. 2822.

y
(j

56,034,925 7 56,778,863 476,187,204

talization Approved—

expects; to demonstrate brilliant
the Paramount Theatre irr New

It

make

Xork in . August,-1946,. and. to
throughout 'the- country... •

test the trans)-,,

expects-to

megacycle frequencies- concerning

lately

printed-, in the? press:
television -pietures on the-screen

orr

has spent $600,000 in replacement and rehabilitation of
properties; and
$1,000,000 for expansion.since 1938. Proceeds of the proposed financing

result-of- Paramounfs- extensive efforts
expended. It* has aided in the growth

a

been

•

—V.

i

>

■

•

DuMont

been

To Vote

•

y

.

1943 ;

:

have

/•*",

screen.

-

1945—11 Mos.—1944

^

i •

Sales

.Laboratories, im which- it has. a. 37%— interest, to a
position of prominence-4n--the*-television, industry,* Subsidaries have
established and are operating television broadcasting stations in Chi¬
cago and* in Hollywood.- - -•
-7
-•
'
"Dumont
is
operating a station in New York. By early Spring
this station will be broadcasting programs picked up in Washington.
The Hollywood station
will fber broadcasting from the*. 5,800-foot top

J
/

1944
$215,918:.

added:£"As

dollars

of

picture

full-sized: motion

a.

Mr; Raibourn

pf

'

yy/y.//■■.•;y yyz:*.

■■

on

millions

March

on

1807.

-

*

5

Quarterly

Pacific Coast Aggregates,
Inc.—Earnings—
Net

yisiatn

on : the'

share

the

p.

-/

the old-

par-

on

162,

holders

to

recently- split-up

was

each-

28

7" 1945—Month—1944

>

»/•

■

1.31%—

Ponney. Coi—November Sales Off

(J.C.)

issue

Dee.
on

19.

March

Distributions
12, June 12

quarter during 1944.—V.

of 20 cents each were made l on this
and Sept. 12, this year, and;.in each

162, p. 992.

■

American

Panhandle
All

outstanding

century-old
world-wide

renmental,
the

into

for

a

Producing
common

construction

Refining

shares

of

engineering

Co.—Acquisition—

James

company

Stewart

which,

■

&

Co,
Ino,,
besides varied

undertakings, erected many of- the nation's leading gqveducational, commercial and, industrial buildings, passed

hands

of

Panhandle

consideration of

Under

&

the

Producing

&

Refining

Co.

on

Dec.

12

82,000,000.-

purchase ""agreement,-




Commonwealth

company

Corp:,

will

make

an

initial

which

steel

the J.

Arthur Rank

Philadelphia Electric Co.—Weekly Output—

Britain.

Securities,
owns,

Inc.,

formerly

a

other securities,
company,
and 12,500

among

investment

diversified

investment

48,000 shares of Cliffs
shares of the Central

National
of

Bank of Cleveland, Ohio, and the V. D. Anderson Co., maker
special machinery of Cleveland, Ohio, both have been merged into

Pathe
The

Panhandle

reciprocal film distribution, system with

interests of Great
1

Industries, Inc.
directors

of

.

Pathe

'recapitalization which,

Industries,

Inc.,

.

..

also

approved

if approved by stockholders at

a'

a

plan

of

special" meet¬

The

week
of

V.

:

.

electric

ended

5,348,000

output

Dec.

kwh.,

162, p. 2952.

15,
or.

for the company and its subsidiaries- for the
amounted to 134,161,000 kwh., a , decrease
3.877, from the corresponding week of 1944.—-

1945

•

.

Philadelphia Rapid Transit Co*—Bonds Called—
See Philadelphia

Transportation Co. below.—V.

162, p: 394.

12 Mos. End. Oct. 31—*

,

Gross

All

/_/__„

revenues

Fed.

Net

1,249,869

local

and

572,478

taxes

deductions

Total

for divs._u,1

avail,

Bal.

——

Feb.

'

mortgage

-

3 V«%

bonds,

.

//

V/

■

liabilities—First

375,000; serial notes due subsequent to IO-3I746,
$2,500,000; 6%
cumulative preferred stock,
notes due prior
to 10-31-46, $150,000; consumers
other
current
liabilities, $37,034;
accrued - taxes,

stock,

Fed.

162, p. 2311.

>;■./"./'"

'

conversion

—V.

.will

made

be

at

time.*

any

Called

bonds, upon delivery thereof, on or before Dec. 31, 1945,P. R. T.

at-$1,023.33;- the

11969

--$1,075.—V. J62, p. 2952.
~

-

Philco Corp.,

/Piloted

by

veterans,

the

..

10-ton

Each

took

Tiger

Philadelphia, on

from

dealers',

of

Jan.

.

listing

stock,-., series

preferred

of>
A:

;:,v Net

'

.

revenues?^

Earnings

with- new

capacity

floors: throughout

\
ASSETS—

//•"' / * >

and

S.

U.

.".i

$3.29

;

138,327

-

"I*, 47,10l

and; amort;!-,^:

result,

fr.

J

$320,787 / $4,083,149

/•

Inv.-

j Munition'"

Funded

^$328,903 '>-.$412,511;, $4,315,190
preference; qividends paid^687,500

-V.

'

:_

r

.

484.301

4V**—

-

"

322.509

2:870.364

--Vl,12l;738{v

'■6,370.856

"

cdntracts,":/^J/__//I-/r/^i£///!!:'_/''

reserves'

58.977'

.:>;"812,145;; ://

646.890

FederaL

$44,152,097

$31,961,394

etc:,-*

X-i.J--.li

3,875,190

4.345,641

;;

33,233,526

23.229,112

tax

income

'

687,500

reserve

Car

162; p; 2519.

con ting.

Mfg,

maint.

Post-war,

h

362,034* /
508,256 <-

'

>

//?

Res." for' 'install.//
res

733,051

f

V- 3,799.056

>

v

7,339,455

3,266,676 .*>

reserve:

3.266.676

"

Pullman

■

Co.—Sale

Group Approved

Railroad

to

Court—Interlocking Directorate Barred—New Cars
Be Purchased Through Competitive Bids—

Capital

stock

Minority

•

152,163

11,354.097

129.195.880

129,195,880

stock...

'

•

•

9,824,811

credits,

Deferred

Must

•-/-:-

w_/*.

/Z

Surplus

three-Judge Court wt Philadelphia, Pa., on Dec. 18, ap-;,.
sale of the sleeping car business; of Pullman; Inc. to a

special

A

;

by

113,829

reserves/>__//..

Other

508.256

2,500.000

-8,938.186

res4fcg/g/-/Li//?:///://_-/

etc.,

>'

*

-

367.956

/

>2,500,000

^/r/L-////i-//://*7-//

res.

,-2,531,637

j-/2,645,557/
>

Insurance

2.870.364

>, 1,220.125

adv.'w'X*.
Employets benefit res.,

Z Contract.

General

j

"'nr*-'

: 484,301.

*

>389,895';;
V*;. 64.809,.
1,220,125 ''

liabilities*—

;?$3^62^690 rf$4^>0t,64|

—-L-C

i

r

:

"

--r

Accounts*, pay.,
/.Accrued, taxes

> $5,195,141

tax cred.

'

.

_*/ $273,076,780 $29^303,785

■/!,165,615

Balance

Co.....r.,_.„„_

88,064.957

75,410,925
18.290,841 "

investments,'~/>!//^//l///l'l_"_'/'!!;////!.4'

,"■ Other
•

>

a

eqnipment.d'/_*_u.l/^tr/!i"/>:-i

dom

■

*566,776

'34.606,798

•

$4,029,526

'*'232,041

-

4,213,45i(
,

.

>45.165,648

Other '-assets'

66,817-

-

.

3,664.201'
46.725,176

2,209,880 :
'■»" 468,153
■'

Property " and
M.. W. Kellpgg

carry-over

91,724

19,942.600

'3,664,201
' 48,955,946

ref„

rec.,'

;

$90,766,516

•

*

*•;

1vv '

•

Balance
Prior

notes

:> Deferred-..charges

'"/

$60,468",168
,14,350.000

Inventories

J

$328,903
Reduct.: of Fed, inc. tax 1.
of exc. prof,

Jf

$512,519
$6,374,529. '. $6,382,256
/4 $520,337
2,291,380 ,. * 2,352,730
/ ; 191.434, ;,/ 19L732 >

,:

:

73,504

,

«

securities^

trust
accounts,'.'etc.
securities, ' cost.

Other

'

8,094"

•

•1944

.

profits

Equity

994,998
184,589

-

CONSOLIDATED BALANCE SHEET, SEPT. 30
1945 ..■>
"t
""'A'
^ '

U, S.

tax

Excess

,

>1945—12 Mos.—1944,
$2,231,700 $28,188,300 $26,361,210.

$2,367,635

:

Interest

Christmas,

for

share_„>.

4,846,717

,5.768.320

•

' " *

*,v

Cash

1945—lilonth—1944

Other, taxes,
Other inc. deducts,, net

Philco

the United States-in time

:

- -

2,300,951- 3: 2,102,540 - -4,654,359
$i.2iv;vv.,> .$i;i5.,$2.94

.L'X-V-i.
per

Mich.—Dividend—*/;

.1880,708 11,025,980 10,373,76®
£■. 130,3191,839,365
1,698,804
% T. 123,239 s'4,'657,509.:^» 1,568,448;
taxes:..'242.590; !-"i291;710 >4,152,078 V.3,338',797
V;
278,'700
" 246,104 ,3,Q65;335 >2,912,322
a

.

income

Federal

1946 Philco radio sets, which will-be flown
major cities all * over the, United States..

to

i,614,948

10,615.037

' 9,499.253>
4,844,893

3,717,488
..1,614,948

3.915.899

Balance

*•:

' / /;>//>;

i;

income

Dividends

sefies A, making?
1,181,876 shares-

in

loaded

S

$

rev.

10.308,879 "18.058,124,
railroads_>3,086,471
4,115,914
" 51,278,608"' 59.813,936" 180,268,297' 185.719,372
9,613,815 - 9,752,121
3.182,108
3,249,286
13,296.440
20,979.305
Federal income taxi„^>'
1,640,747
7,647,362
1,088.489
" 1,893; 142'
Post-war,, etc.,; res.^__^'•''- :
\ 695,554'
Post-war, etc., res.^.
Crl,088,489; Cr695,654 Crl,088,489 Crl,893,142

19561, and (2) not exceeding
stock-(par $1)*' issuable upon-

1,

common

•.>

,

,

End. Oct. 31—

Maintenance .7

.

on.

to

24

Operation

radio- sets for
distributors in: the/Far West.
Z//.// A/•:*•»•
vH'wi
Thomas ;A. Kennally; Vice .President in charge of sales, stated that
these, planes
are
part of a fleet of: five Which' are rushing Philco
radios to 41 major cities in a program to deliver, radio sets for display,
plane, was

contr.

Expenses

$1,314,196

on Dec. 5 declared- a regular quarterly
dividend 0$
share on,the outstanding common, stock, par $1/payable.
holders of record Dec.: 14.", A "similar payment was made

Depreciation

v

11 with

for

78,543,987 222,986,686 245,123,962"

AlT.-,—— ," 62,015,346

Income

Prov.

per

Operating

notecF*. war
used by any

Dec.

Gross

directors

L Period

other

and

fleet of commercial planes

off.

new

distributors

Flying

former

first chartered

shipment-of

Philco

to

famous

a

manufacturer

radio

:

Philadelphia-—In Mass Production—

'

'

•"

Puget Sound Power & Light CO. (& iSubs;)—Earnings

/

The series A 4s due
at $1,080; and the P. R. T. 5s at
;.' f'//V ///;/•>'/''> ""

6s

the
the

1945—9 Mos.—■» 1944 >

.

'

Accounts-

(flat per $1,000 bonds):

following prices

at -the

to

Sept. 29; last,—V. 162, p. 1398.

on

March .1, next,/the
Rapid Transit Co; 50-year 6% Philadelphia Rapid Transit Co.
50-year 5% bonds,: both issues due March 1/1962, at 105 and interest.-,
Immediate: payment of the;full, redemption price will be made;.upon;
•-presentation and surrender of said bonds at the office of The Pennsyl¬
vania Company for Insurance on Lives and Granting Annuities; trus¬
tee, 15th and Chestnut Sts;-, Philadelphia," Pa. 'A
y
/ v.'/r'V' /•;'
The company also, has offered to purchase any of above-mentioned
three issues of

shares

2952.

p.

cents

Dec.

»'

r;

•

prior

the

authorized

.

(Fred B.) Prophet Co., Detroit,

of Philadelphia
.bonds and the outstanding $114,000 of

a

162,

,-rThe

>"./

"'»"'//■

''

' •

unanimous'

the

'

1945—3 Mos.—->1944

Period End. Sept. 30—

/'■':7 ' ■■>>■?>'/'>'/7

/„///

has

amount

'

also called for redemption on

company-has

The

by

V..*Revised.:'.i.;-'k-'a

outstanding $6,353,000

:

Pullman, Inc.—Earnings—

J

met

are

court approving the sale
representing the railroads

'

100 and interest. , Payment will
Giratd Trust Co., trustee. Broad and Chestnut Sts.,

of

y/7V>/
Exchange

4cumulative

the -4:%.% cumulative -preferred. stock,
of
common
stock
applied for

of

total

the

of

additional

236,376

de¬

^Immediate payment

sleeping car

*

$90.4,135,' $1,555/723; $1,699,770

«

■

Stock

convertible

(par; $50)

Philadelphia, Pa.
the full redemption price, plus accrued interest,"

1969.; have- been

Jan.■ 1,

'' '•

> ~/'.i 1943 //>/'■ 1942
\
,"v •/.'■/:'■'V/.
$7,980,722 $11,427,770
$5,264,196.
6,425,000
> 9,728,000
3,950,000
1944

;

3,362,750

—.——

The New
York
(1) 85,955 shares

4% :
called for redemption:
be made at the;

due

series A,
1. 1946,

profit;

/.

first and refunding mortgage

$1,897,800 outstanding,

the

of

Feb.

contin.

Listing of Stocks—

;.;y

V..'../'

at

All

bonds,
on

•

38,000

considerations

these'

of

the

group

"•'.'".V V*

but

$4,266,885

and

*

all

of the Pullman Co. to
that do about. 97of
business of the country."—V. 162, p. 2952.
•

of

buying

Pullman's

of

stockholders.

think

decision

with

interests

36,000

"We

-

(<& Subs.)—Earnings—

,;:V

best

by disposing
interest and
employes and of Pullman,

payts.", to

:

../Philadelphia Transportation Co.—-Three Issues

1945

-

Co.

the

Inc.'s

spirit

and

letter

the

with

comply

to

to effectuate this separation
due consideration of the public

purpose

Depreciation

10
.

chgs.

taxes

taxes

Net

<

posits, $261,140;
reserve for retirement, * $4,140,495; . other reserves,'
_$237,983;
capital
surplus,
$1,459,523;.: .earned surplue, $2,741,941;/
total, $33,437,837.—V.

after

before

1971, $16,$673,000; common
$3,200,000; serial;
deposits, $21,002;
$371,171; accrued
accrued liabilities,"

dividends declared, $95,943; other
unamortized premium on debt, $753,149; main-extension

interest, $180,437;

$38,018;

:

■

•

Profit

series due

,

{.•

246.

p.

Pullman

the

in

St.,,

may present them for payment at any
redemption price, plus accrued interset to.

3 Mos. End. Sept. 30—

.

$29,265,651; cash. $2,011,495: XT. S. Govern¬
ment
securities, $1,206,332; accounts receivable, $119,134; materials
and supplies, $131,512;
other current assets, $207,56b; prepayments,'
$16,498; unamortized discount, expense and call premium on retired:
bonds, $243,721;
unamortized: expense on outstanding funded debt,
$147,345;
unamortized cost ot past service benefits-—employees
tirement
income plan,
$77,891; undistributed debits,. $10,690; total,
$33,437,837'.

161,

our

of

Na¬

endavored

.

order,

"It has been

bonds

full

Pressed Steel Car Co., Inc.

/>//'/J?

plant.

ASSETS—Utilitv

the

1946.—V.

the Continental Illinois
trustee, 231 South La Salle

made at

be

corporate

.

called

the

receive

.15,

Co.,

.

.

of

and

time

$702,244

,

1945 './>

31,

OCT.

OF

AS

•

^$609,888

$583,340, '

$554,587,. '

-

SHEET

BALANCE

Holders

$1,596,054
. : 893,810

Trust

111.

Chicago,

will

Payment
&

Bank

tional

has

Inc.

court's

the

of

company

interest.

and

375,671

$1,136,129
526,241

$1,122,073
538,733

$1,094,297
539,710

earnings

of

$2,788,999
817,274

$2,838,294
1,086,584
615,582

$2,934,383
1,153,593
658,7i7

$2,916,644

maint.)

(incl.

Oper.

Pullman,

has called for redemption on Feb. 15, next, $50,000
first moitgage sinking fund 6'/a*'/ bonds due Feb. 15; 1954, at 101%

The

1942

1943

1944

1945

Co.—Calls Bonds—

Prairie du Chien-Marquette Bridge

Co.—Earnings—

Philadelphia Suburban Water

Monday, December 24, 1945

& FINANCIAL CHRONICLE

THE COMMERCIAL

3080

4,485

"

54,702^673

■'

53.682.492

proved the
added that Philco is already in mass production and is supple¬
$273,076,780 3299,303,785
Total.
group of 52 railroads which had. bid approximately $75,000,000 for it* y
z
menting its Radio Air Express fleet with rail shipments to distributors
X
•
■
". t.
The Court in its decision handed down by Judge Herbert F. Good¬
♦Adjusted.- -V. 162, p. 1175.
all over the county.
•
-.1
,.
.
.
'/.-•,' :.„-/• «y
,
a
rich said::
>>
\.
Philco recently announced that $7,000,000 is being invested in Its
V.,
*
"The
railroads are |he natural and',obvious people to; handle the;";
reconversion program, which
Quebec Power Co.—Earnings— / . i:
will double: its pre-war production - of
:'•>
^"v.
' ;V;
1945
; 'l944V: :
radio receivers and refrigerators.
',./"/•
/'•'■/•>/
'= %**■' sleeping car business." '.
;
9 Months Ended Sept. 30-; i;
> -'
I..', '
I..
■.
1 ■• /;:,v; Pullman Inc. elected to sell.its sleeping car operating business after
$3,296,044 / $3,211,404
;/Grosa ^-revenue:.; /
.Radio and Refrigerator Output Improving— S V - \ L t- a Federal Court ruled that operation of the sleeping fcaT; business,
1,862,421 / .1,800,716
,>: Operation, taxes and other expenses„_-._„_„
the Pullman
Co., In conjunction with Pullman-Standard: Car Manu374.002
.361.095
Production of radio receivers ^and refrigerators by Philco Corn. , is
Fixed charges
(•••
V facturing Co. constituted a violation of. the Anti-Trust 'Act.
..,,337.500
337.500
Improving, John Ballantyne, President, told stockholders in a letter
J." Provision for depreciation..^///.,
The rail group was one of four which made bids for the Pullman ;*
288,930*
283,356
Provision. lor income and excess profits taxes.
accompanying dividend- checks on Dec-. 12.v .
.
.
..
A;77 />;/;.,/■'
service. The others were Otis & Co.. Cleveland; Glore Forgan & Co.,
"Sales in the third quarter of 1945 were 45%
below those of the
Chicago; and Standard Steel Spring Co., Corapolis, Pa.
$428,737
$433,189
second quarter^.. due to the large-scale cancellation of war production
Net profit ?'L-//.///*/..._///^w/L-*/-///L>'
>' •, The Court imposed three conditions on the railroads in connection
>
414.898
414,898
?contracts
Dividends
'
following
V-J
Day,"
he
said.
"Resumption
of ^civilian
with their purchase of the business:
; V : >>>.'_>'
■
production has progressed somewhat more slowly than anticipated,
1.
There
can
be
no
interlocking
directorate
between Pullman$18,291
$13,838
Surplus
////.//> ._//_/]J.
largely as a result of delays in obtaining deliveries from suppliers
Standard Manufacturing Co., Pullman, Inc.. and the railroads.,. , : .
;
.•.and
sub-contractors.
—-V. 162, p. 1325.
*
' '
;
•//'
However,
the
production
of
civilian
radio
2. The new Pullman. Co., ,if and when, it buys sleeping cars, must.!;
receivers and refrigerators is now increasing."—V. 162, p, 2952/ ^ *
<
purchase them under competitive bidding.
>
A >
•»>.:>
: -Railway Express Agency, Inc.
3. If the individual railroads also plan to purchase sleeping cars,
Pittsburgh Forgings Co. (& Subs.)—Earningsthey, too, must do it by competitive bidding/
://: Period End. Sept. 30—
1945— Month—1944 > • 1945—9 Mos.—1944 >
zJ
y
•'
$ 4 • *'
; w'
$ [./ ? 'V'
•
$ -'.Tv*.
: ?
"A railroad may Join with others and use exclusively the services
Quarter Ended Sept. 30—
1945
1942 »
>. - - 1944
■
1943
;
of Pullman. It may. do part of .that service itself, or thr.ough some1:;
Charges for transp. .11/ 30.688,185
33,985,107 327,580,007 291,525,585
Profit
before
tax
and
/He

>

.

-

.

,

,

.

.

.

•

.*

.

....

,

/

..

„

„

*

■'

(& Subs.)—-Earnings—

.

;

\

reserves

Federal

Net

$519,408

tax

provision!.:'

$642,234

397,400

420,300

"

profit

$122,008

Shares

outstanding • >._
Earnings per share_2_i
—V.

161,

$221,934

220,000

$0.55

"

1

them.

$0.89

Period End. Sept. 30—

1945—3 Mos.—1944

profit

$118,211

Earns, per com.
3After

all

The net

mately
erties

1944

1944.—V.

$0.10

$0.42

'

excludes

to

$635,043

:

taxes.

1944

applicable

February,

$0.03

;

charges and

profit for

Sj7,000
in

share.^

1945—9 Mos.—1944

$157,964
;

*

-■

i- '"

"

-

$596,695

'*■
.

$0.40

that

into

the

?

p.

'•>'■•/>>>'.•'.'"V
monopoly

of

Oper:

2791.

:

and

•

not

which

railroad

a

impossible

virtually

only

sought
do

Pullman

let

•Rail

anybody

for

to get

else

the

to
to

concessionaire but even to
own sleeping car service

competing

a

run

rest.

part

of

think

We

got

have

rid

of

all

that

a dividen<l of $1 per share on account
nS °?1
& cumula«ve first preferred stock, par
Dec. .31. to holders of record Dec. 22. A distribution of

$100

!!',£

di^idend
win

>

amount

to

$90

per

Ju-st

declared,

share.—V.

Plymouth Oil Co. (&

158,

* arrearages

on

Mos.

1944

V

1945—9 Mos—1944

,3'M^
i

"After

1,036,301
$0.43

$1,547,970
1,036,301

$0.47

> 1,048,561

$1.40

1,048,5G1
;

Federal
Prov.

161,

p;

Polaroid

2114/

$1.48

;

The

V

'

Corp.- -Declares Initial Dividends—New Di-

rector Elected—

When

opinion

.

to

quarterly dividends of 62»/->

^U)ck,

par

$50,

and

on

the

7.000

shares of

outstanding

i9sn
.

F.

Brown,

a

.partner

? Brown, H. W.
hEv!

of

Kuhn, Leeb

&

Co

.New

York

has

The other members
the board are: Donald
Fuller
Edwin wr
Toria'
juhus shyer
L ^ 'h^rriB

Chadbourne, Carlton P
Latham, Jr., Walter Lown. SterlhiB Pile

S P Wa,1,U1^ and George D. Wheelwright, 3rd—V. 162,

p.*2188

the

we
Pullman,

we

added:

choice

Pond Creek Pocahontas Co.
9.Mos. End. Sept. 30—

'

•

of

a

customer

has

.

been

1

$1,279,239

'

(&

a

and

Other

2791.




628.100

"

•

628,100

$2.04

/■'/ $2.08

It

'

•service.

This

.connection.
of

Subs.)—Earnings—

1945

lq4.

1Q._

'ii -$"lis-|f
6
$2,28
$2.141

sleeping cars as well as coaches and freight.*
obligations to ...furnish- the
sleeping .car
think to be a point of highest importance in this
sleeping car-service, .like, dining .car service, is part

the

FederaL tax provision

Net fprofit
Number-of common

we
.'.

.

the essential

business of. carriage of

passengers

in a country where

States. The
Is provided.
development
of the sleeping car company as a-concessionaire to furnish the service,
!one would expect to find it furnished by the railroad itself/'. „
'
Any appeal from the' Court's decision will go direct to the United
carrier

Were

is

it

between

Court

for

Supreme

the

to

are

they are/in the United
the service or see ,that it
of the independent

as

furnish

historical

Court.

accident

,

,

'

-

- commenting. the
Federal Court decree
8, 1944, requiring the-separation of the sleeping car operating
from the car manufacturing business of the Pullman group,

David

action,

May
business
on

points

obligated

not

'^-V. ,162,

said:

A.

Crawford

"Ffom

the

of

Pullman,

time

of

the

Inc.,

.

-

—

2,200,000

•»

-

Earned* per

pull

railroads'

$3,655,999

charges

Profit'after

both

which

is

.

1" Reliance Mfg. Co. of Illinois^Earnings— / ; / : ;
9 Mos. End. Sept; 30—( "
'
zz V
1945- ,
!: *1944 -

to

credit

locomotives
cars.

President

p.

Zr>

■

the railroad group.

approved/'-. .
*
, •
>
>•>
■
•
> r* •
The Court also said the 'railroads are the natural
and obvious
people to handle the sleeping car business and . added:s "They • are
the ones who own the rails on which the cars are drawn; it is theif

States

161,

575,000

$1,307,628

adjustments

and

are

customers

seller

is

distances

—V.

per

—V.

>

Robert

730,000

$1,022,344
shares-//////.
628:100
share./...—..'—:
$1.63
2398.
'
'.f-'y

profits taxes

exc.

profit
Number- of ..capital

have described and extolled their offers both
the-co.urt.y~We. think the variety of. choice pre¬
to the ingenuity of those who -thought up the /
•various plans and
to the Jawlers who have presented them to the'
court.
Our
conclusion
is
thatvthe
sale "to -the railroads,,, should
be
prospective
sented

l^e directors on Dec. 20 declared initial

5,005.000

5,504,000

$s

conting.

Net

Earned

1943

$6,859,239

2,999,000
630,000

income

for

Subsidiaries)
1944
1945
$4,051,344 $7,541,628

Domestic

expenses^ '.....j.-.-'

after

.

charges and taxes.—V.

*

.,

••
(Including
Sept. 30—

9 Mos. End.

Net

and

at. least
unprogressive
reached this question

is

sinister,

"Pullman's

piczcrrea

*

■

Subs.)—Earnings—

'Netnm-ofitd' Sept" 30~
F7™in«(!ing ——'
Earnings per share—,

stock

this

/

•

privileges.—V. 162,

other carriers—Express

and

ruil

162, p.
•'■. •>'■ '!*Z ://'>'./ '/j.
monopolistic in its
beyond the scope
f
of issues in this law suit which had
.not the railroads, as
Real Silk Hosiery Mills, Inc.—Redeeming Stock—
defendants. The record tells us nothing of the operations of railroad
The company reports that on Nov. 14 it redeemed 500 shares of 7%
bankers nor of the war between them,
if such there is. Surely we
preferred stock and 295 shares of prior preferred A stock at the par
should
be
■value of $100 a share.-^-V. 162, p.' 1399.
going far beyond proper, judicial process if we played,
either way/ any hunches we may have, about this question.
- > :
;"Approval of the sale to the railroads does not: imply disapproval
•'
; - Reed Roller Bit Co.—Eamings-r<
1943
1944
of other bidders. We'are much impressed With all of them/'
V
/ Quarter End. Sept. 30—
/ 19"45
"!}■ The
Court said that, it was
"our responsibility." to * see that the
Profit after chgs.,' but before Fed; * i ;1 " ■
$469,992
t" $84,506
disposal of its sleeping car business by the Pullman interests, is done;
taxes ■'_^./i'.
P$694,691
in a way which carries out the anti-trust Judgment.4
—V. 160, p. 2652/
'
' •
;>■ ^J',J
not

tendencies.

2474.

p.

>/

.

•

/

the

if

C on June 30- lasfc- Payments in 1944 totaled $1.25

Jper share^

to

2519.

104,018
960.042
926,598
10,281
'
77,832
284,577
12,589,544 123,456,516 111,765,116

107,688
4.580

8,507,934

revenue__;>

by the order which

-

ofT^^S haVC d,lcla^d
>7*

~

debt...__>-->

transp.

194,401,851 170.503.512
12,266,463
11,184,107

1,323,307

,v-:

careful limitations impo.ied upon Pullman Co. by the original
in this case, and which will be imposed upon its successors
we "shall enter."
Touching on the
contentions raised by some of the competitive
.buyers the: Court said:
"We ..ire also told that the railroads are
dominated by a group of bankers and that the influence of the latter,
by

20,330,849

iRaybestos-Manhattan, Inc.—^-Earnings —

its
we

21,069,954
,-1,341,851

-

discount

•Payments
p.

34,357,999 331,162,704 294,663,910

deductions

Other

judgment

(Thomas G.) Plant Corp.—$1 Preferred Dividend—

3,138.325

372,892 / 3,582,697-

370,822
31,059,007

_//._-/

- expenses

funded

on

;

in a railroad

business.

applied

This

C

a
nOn-recurring charge of approxi¬
earnings in respect to sale of prop¬

161,

made-it

Pullman

>

■

/

inc.—.

and inc.

revs,

Express taxes
Interest" and

.

*

■

perpetuation

Total

;.

sleeping car business. Here we must look rather closely.-at
our
concept of what constitutes an unlawful monopoly in this con¬
nection. The thing which got the Pullman Co.
Into trouble was not
that It
was
the only company furnishing
sleeping. car service; but

>

and

Other revs,

.

owned

Pittsburgh Screw & Bolt Corp.—Earnings—
-Net

.

,

.

danger

no

see

,

continued:
of the

opinion

"We

choosing,., and

own

is provided

this

Court said.

the

The

2114.

p.

Co.

own

its

of

of

All

strangle

no

oly,"

its

all

own

Pullman

220,000

$0,97

$1.01

may

of

$195,829

ask Pullman to do the rest.
sleeping cars, or part of them, or none',
for in our Judgment. There is, then,
hold on the sleeping car business by a railroad-owned
or
any one else. Therefore, there is no unlawful monop¬
of

concern

It

785,200

$212,559

220,000

>

220,000

other

$981,029

$1,112,559
900,000

.

*

'

3.66-;: :

•

"Period End. Sept; 30—-*

profit'
per

•After

tUXCS.
This

'

charges
'

'

r

J

and

_J

gain

"

r *•»'>"• >
1945—6 Mos.—1944

Subs.)—Earnings*—-

1945—-3 Mos.-—^-1944

$1,262,175

*

$2,630,842

$1,259,625

$2,G0O,356

,1,922,715
1,831,393
$1.24 •
,$1.22
provision for-Federal income and excess profits

com.;share,

slight

-

*/_/_—/

shares

Common
Earns,

—

222,855
$3.78

-/

Remington-Rand, Inc. (&

'•Net

$881,616

$855,999

share—

992../.

3,300,000

,,

222,855

shares.

common

p.

.

$4,181,616

.

'

i

♦

1,922,715 >1,831,393
$0.60 / /
$0.60

"

" "

.

f

in earnings was

on

a

*

,,

* '

I

lower sales volume

approxi¬

""

4

from the wartime sales'* of
The lower sales volume is
partially offset by a sharp
increase
in
the
production
and
sales of the /company's regular
products.—V. 162, p. 23.98.' Z * ' '
"'//' " '
' .
/
(Continued on oaee 3118)
*
mating $58,435,000, a decrease-of 11.9%
$66,327,000 f«r the same period last year.
due to the termination of war contracts -

.

.

Volume

Number

162

THE COMMERCIAL & FINANCIAL CHRONICLE

4449

Stock and Bond Sales
DAILY
NOTICK—Cain and deferred delivery

\

New York Stock Exchange

co>

WEEKLY

-

Min tn disregarded in the day's rang®,

furnish

we

Dec. 15

'

Dally Record of U. K Bond Prleee

Dec. 19

Dei. 18

Dee. 17

Dec:

point.
20

2i

] LOW

,

Sept.,

[Close-.
units—.:-

Total sales in il.000

r

V*

tCioJd

'

2Vis; Dec.,

[Close

1967-1972—

;

V

'.'

%s, 1946-49
v.';:

Vis, 1949-52.

1:1;V

[High

-

1956-59

'

JViS, 1951-54

[High
Low
(Close

$1,000 units

100.18

100.26

100.25

100.18

Z

3

sales in $1,000 units

15

| Hign v

March

1948-50

•{ Low

$1,000 units

■

Higi.
ta.

[Close

Dec.

1948-50

Low

;

;

;

•/;•

Total

Total sales In $1,000 units

sales in

[Close

$1,000 units
•

,

(Hign
Low

2s,

June,

(

(Ctooe
Total

[High
Low
I Close

sales

$1,000 units

.'—

|Htzb

'

<

Total

.

sales

*:Vf-

[High..
{ Low
(Close 7

C /2s,

In

( Low
(Close

—

$1,000 units

Total

rHigb
-I Low

1949-1951

sales

In

( Low

103.5
103.5

$1,000 units

5

fHlgb
2s,

March,

1950-1952

—[ Low

-./••••■ (Close

v.-/

103.5

f HigB'

•

Dec.,

I Close

Total sales In $1,000 units
r

in

2s, Sfept., 1949-1951

Total sales In $1,000 units

2Vis, 1950-52

Hign
Low

*

J

-/

Vis, 1949-53

1

1949-1951

Close

-

.

»Hign

( Low

Total sales in

v'[Hign
—| Low

1948.

Total sales In $1,000 units

,

(Close

/

Total sales in $1,000 units

[High

•/-

.-a:

2s,

[ Hteb

Sept.,

1950-1952

...

——

103.16

Total sales In

Total

$1,000 units-

sales

{ Low"

2

'4

2s, 1951-1953-

Sa.

1951-55

M-o*
•

[Close
$l,00o units——/—

;

,;VV'■?:

Total sales In

f High

;

•{ Low

(

Vis, June, 1964-1969

j Low
(Close

102.4

IClOSe

101.25

101.30

101.22

Total sales

101.25

101.22

Close'

101.25

3

.

-

.

1%S

.

; •

-

-

/High

{ Low

Total sales In $1,000 units

.

;•

"
•

;

N;v..\.,r \Close;.
Total sales In $1,000 units->V'v
•:-;//
(High

.

.

/Vi

101.7

101.8

101.4

101.5

[Close

101.17

101.18

101.18

*1%

Total sales in $1,000 units

100.30

101.5

101.18

101.18

101.18

{Low

100.30

101.7

[Close

101.18

[High

,

iy2s, 1950

1967-72———_—«| Low

101.17
101.17

2

100.30

♦Odd lot sales.

7

$1,000 units

Total sales in

units

(Close

v"

■'

.4

1948

/ Low

2Vis, 1966-71

In $1,000

.

1

3 : v;

...

»

[High

'••••,..

/High ?

{LOW

(Close

101.22

101.30

(High
.

10

-

1953-55

+!>
101.30

'

■

■

...

2s

,•

Low

,

104.6
104.6

—

Total sales In $1,000 units

102

$1,000 units

104.6

Low
Close

102 "■

102

1

Total sales in $1,000 units—

Total sales in

1952-54

Dec.,

1

[High
"

2s,

102.4

—-f Low'.

2Vis, Dec., 1964-1969—

High

102.4

Lou

'
:icios#'
Total sales in $1,000 units—;
•;

2Vis, June

June, 1952-54

Total sales In $1,000 units--,

—

f High■

v:V(High

2s,

(Close-

•■•••

Total sales In $1,000 units
2

Si's'v.'V
[Higb

t Close

2Vis, 1963-1968

103.28

$1,000 units

'

*"

Total sales in $1,000 units-—--——.
.

103.28

[Close
Total sales in

—i Lew

Vis, 1962-67

103.28

.•[ Low*

—

Close

f High

V-

10

(High

Low

in $1,000 units——

Total sales

103.16

ll.oOo unlts__—.—

ln

High
-

1-

2'/as, 1956-58

103.16

[Close'

2'/aS, 1952-54

5

100.18

100.25

(Close

Total sales In $1,000 units-——

Total sales In $1,000 units—

v3
100.25

I Close

•%t, 1958-63—

..

100.19

100.26

i:x<
2s,

Low
[Close-

-

100.19
100.19

100.17

100.27

1947

[High

-

100.17

100.17

Total sales In $1,000 units

z ;

Total sales In $1,000 units
■

13

•

—

(Close

•/

105

105

-{

■

2s,

105

105

[Close

Total

.

[High
1 Low-

105

105
10

;
r

•

3

[ High
1950-1962—1——I Low

2'/4S( Dec.,

[Close

Total sales In $1,000 units

2%s,

10

units

1959-62—

[Hign

.

$1,000

Total sales in

{ LOW'

•

.

3

Low

*

^—

a%», 1948-51

.

«

[Close

-v

2'/4S, June,

[Close

-

101

Low

;
- Total sales In

units.:—

Total sales In $1,000 units
;
V1':/.' ■ ''

-

101

f High
2V*n

1 Low

v.

101.6

High

l;i

I High '

•

*%t, 1956-59—

101

101.8

Close

.

-J Low

$y.s, 1955-60-

:

<

Vis, 1954-58

[Closr

,

101

lul.7

Total sales In $1,000 units

;

•

101

101.6

Low

•

I

Low [Close "V

Total sales In $1,000 unltSi

Total sales In $1,000

101.2

101.5

Close

\

'

•

■

101.6

101.4

Total sales in $1,000 units

Sa, 1946-48

3a. 1951-55

107.26
*12V'2

■

High -

iy4S, 1952-55

[Hign
t
i.

Dec. 21

Close

i
•

Total sales In $1,000 units
"

Dec. 20

101.8

11

(Close'

..,

Dec. V.)

current

$1,000 units

>,

1' Low f

.

year.

( Low
f

Total sales In

Total sales In $1,000 units-—
7 7I Higd
1

Dec. 18

101.7

$1,000 units—

2V4S, 1951-53

[Close ,/

.

tne

I Dign

-{ Low /

;

Dec. 17

'

Low
(Close

[High
3

tor

107.28

\

■

Total sales in

range

107.28

[High"/'

:

$1,000 units—

salet in

Total

1-V"

Dec. 15

.

\High
-( Low..

Total sales in $1,000 units—^^

^

1 Low

3% si 1946-56

1

;

1967-72——

tine

Exchange during the
' ;

'

[High-,

'

■

computing

Exchange

'I

\

,

2Vis,

in

the New York Stock

on

Daily Record of U. S. Bond Prices

tireasutj

f High

Treasury
4%a, 1947-52

anch sales

the New York Stock

on

;;A:/7-:':;.;/yv

Dec.

is taken of

account

daily record of the transactions in treasury and Home Owners' Loan coupon bonds

a

Figures Cjter decimal point represent one or more 32d of a

week.

YEARLY

-

unless they »M tn# only transactions of the day. No

United States Government Securities
Below

3081

150

JRegistered bond transaction.

NEW YORK STOCK RECORD
-

•

LOW AND HIGK SALE PRICES

Monday

Saturday
Dec. 15

t

per

S

share

nilV'a

*82
*112

82%

114

112

111

$ per share

*103"%

'

*112

,

*105

107

Dec. 20

$ per

Dec.

I per share

share

82Vz

Shares

82%

114

*112

;

114

114

114

40

107

*104%

107

107

107

20

5,900
800

■

•

nos'A 112
i6 y*
16 y*

*106

15 Vb

16%

15 Va

157/a

15%

16

*15%

15%

15%

16

34'/2

34%

34

34

33%

33%

33%

33 %

*33

33 %

32%

33

21

21 >/4

20%

21

20

20%

44 %

47

'

*

"45

47

«32

32%

•

18 Vz

19

54

54%'

18

53%
120

125

*120

45

*42%

32'%

*31%

18 'A

18%

18%

18

18%

18

32%
18%

53 %

54%

547a

55%

53%

54 %

53 V2'

9'
6

8

*117

120

59%

8%

8%

8%

9

5%

5%

5%

5%

58%

59 %

57%

56 %

74

38%

108

188

Vn

23 Vz
oc*

*35
For

%

■

38'A
105

108

23%

23

190%

185

23%

25

191

59

«tr

•

73

108

*120

125

8%
57s

37

"22

♦120

123

8%
5%

71%

191

♦120

9

39%

*23%

125

21%

6 %

39%
*104

-

21 y8
-

8%

60

38%
105
23 y2
188

21%

22%

21%

21%

3"Vz

35

34%

34%

footnotes see page




3091.

10,000

44%

*31%

17%

V4

69%

\

*42%

32%

44

5%

9

57/s

55'A

21

45

x32y8

21

44

55

17

20%

*43%

32 V'4

20'A
*32

32 %

*32

39

*1D1%
23%
184
*22

34%'

56

'

%
39 V4
105

23%
185 %
23

34%

l

58%

70

70

38%

39 Va

*101%
23
184
*22

34

105
23

184%
23

34'A

8%

■

4

9,400
10

125

7,600
104,000

8%
5%

56

57%

*69

38%

200
200
10,100

54

51/2

"

17,700

71 %

3,500

38%

4,200

22%

225/a

40
900

184%

185%

' 2,200

*101%

♦22

335^

105

.

600

*83

83%

NEW YORK

the Week

21%

83

83

84

112

stocks

Sales for

Friday

Thursday

Dec. 19

$ per

84

113

Wednesday

Dec. 18

p»t share

84

"',*82

Tuesday

...

Dec. 17

23

800

34

2,900

Range for Previous
Range Since January 1 7

STOCK
;-

EXCHANGE

% >7 ■; V
Abbott Laboratories

v"

.;
4%

'/ Par

Nov

100

lliy4 Apr

9

115

Jun

15

Jan

15

110

Dec.- 4

—2.50

9% Jan

2

17

Dec

10

10

25 % Apr

23

35

Dec

1
Par

21% Dec

32% Jan

24

47% Dec

rl0

22% Apr

6

No

5% %

Dec

17

par

38% Jan

2

100

No

98

'A Jan

22

pf A with $30 war

'

per

share'

Deo

Aug

10%

Dec

11

10%

Jan

14*

Dec

6

26%
19%

Jan

38

Deo

34% Nov 30

Jan

24%

21% Dec
55 % Dec

J7y4 May

122

19

Dec

6

9% Nov

16

6%

6 % Dec

17

2

—100

34% Jan

22

60% Jun

Alleg & West Ry 6% gtd
Allen Industries Inc

Allied Chemical & Dye

No

par

8

No par

56

Jan-23

% Jan 24
Jan

13 % Jan

11

2

153% Mar 16

Dec

23%

Dec

25% Dec
194

5

Dec

10
10

27% Aug 21

36 % Dec

8

Deo

Apr
•

Mar

7% July
Deo

3y4

.

Jan

16

Deo*

Jan

62

Dec

Apr

70

17

24'A Dec

100

Jan

July

37

6

103

43

24%

17

2

15% Jan

78

21

421/4 Dec

74

Oct

12

2

91

Jun

8%

24

22

jdn>

64

2% Jan

No par
100
1

64%
114

Jan

6'A Jan

$2.50 prior conv preferred-No par

MMpd Mills Co Inc

17

47

1

Min

Alghny Lud Stl Corp

HighestL
S

62% Feb
108% Nov

10

Vicksburg Ry
Corp

Allied Kid Co

13% Mar 26

^-1

Air Reduction Inc
Juneau Gold

share

10

60

No par
Co

per

13

4ddress-Mutigr Corp
Admiral Corp.
&

per share

88

Express
Adams-Millis Corp——

Alabama

S

22

Adams

Allegheny

S per share

Lowest

60% Jan

Abraham & Straus

Alaska

Year 1944

Highest

No pat

preferred

ACF-Brill Motors
Acme Steel Co

7

7 Lowest

Jan

29% July
$1
Deo

ZV4
1*1

Jan
Apr

.

18% Oct
187

Deo'

13% Mar

16%

39

35% Idv

Aug

Feb

Moftday, Dscsmbei- 24,:1;94§1

FINANCIAL CHRONICLE

THE^ COMMERCIAL &

3082

.

t

•vjf

RECORD

NEW YORK STOCK

»

'

I
■

AND HIGH SALR PRICKS,
Wednesday
Tuesday

low

H♦Bd*y

SatvTdav

44

44%

"103

1037a

103'%

54%

137%

32%

32%

"148

151

9%

10

*60%

64

"60

67

64

ft

149

149

146

142%

42%

42%

42%

42

88 %

85%

88%

86

87'.;

39%

37%

38 Va

37-

40

79

21%

22%

21%

21%.

51%

46%

49%

23
51%

"134% 135
16 %'
16%

*133%

-

15

101

102%-

100%

101

196%

196 %

196 Va

xl94%

196

196%

64%

125 %

64%

"125
'

42

157

"150

135%

136

136

26%

26 %

25

26

*

69

"65%

"24%

107%

51

48%

51%

49'A

49 Va

8%

8%

8'A

8%

50%'

8%

8%

18 Va

38

"

39

39

7%

"115%

116%

115%

34%

34%

32%

"108%

"53%

108%
53 %

9%

* 9%

9

58 %

"57

"57

108

"107

108 %
■"

116

9

106

13%

12%

12%

112%

12% "

101 Va

101%

101%

*100%

loi",;

14%

14%

14%

14 %

14

14'A
13%

>13

13 Va

13^8
5l"

*50%

51

38%

38%

'36%

38%'

*

38%

.

18%

37

71%

75

79% :

79 ....

793 a:.'."".-:, Vft'

11%

12 Va

117 a

12 -ft-1,/'

97 %

98%/:

2

97%

88%

89 Va

88%

89 Va

18%

17 Va

18 Va

■

$7%

96 Va

87%

89'A

8874

88%

17%

18 Va

17%

18%

19 Va

/ 10%

?. *181

•'"

28%

97%

34%

34 %

28%

'

"

'

29

: 29
43

65%

„

.

65

63%

178'A

46

47

*158

*158

160

„/

4l

V

26%

■;

26%

56%.

56%

,

152

"48%

*150

152

49

"150

48

90%

66% '67%

J

:

."

22 %

21%

31%

29%

129

129

30 %

(

*127%

128%

-127%

10%

9%

10%

81

81

45 Va

44

44%

45 Va

54%

54%

j,

''

■

45

*

21 Va

21%

*'•

8%

8%

28%

*

?

.ft 28%*

>

*

28 Va

-

ft"

*127

127

.127

139

*134

139 Va

*133

136

55

55

53

54

108

*107

108

26

24

24 Va

17%
40

*107%
26

19%

19%

17%

42%.

43

40%

107%t:
25%

25%

18

18 'A

25%
18 A

41J/a

42

42%

•

52%

138

138

139

4139%

130%,

*51 Va

-

52%

52%

105%

*116

118

116

*1«

105 %

105

108%
116 '

-

106%

•

*79%

80%

77%

39 %

39 Va

39 Va

*77%

79 Va

77%.

77 Va

26%

56 Va

93 Va

94%

/,

129

1?9%

*26%

28

*26%

17%-

18%'

18%

115

121

*117

10"

9%

'

9%

26

.

24%
9%"

79 Va

128

*51%

.

'] 160
I

r-4

200

I

55

*1.0534. 106
105% 106%
-•114

10

40%

2,600

77%

600-

119%

40

5%

25%

26%

2514

25/4

V-

56%

57

90

130

,w

*123 %

27

*113

120,

25%

,

*128%

9%

~93s

61%

59

60 1

59%

59%

59%

60

34

32%

333i

33 Va

343'a

'33%

253i

24%

26,

25%

26%

253

58%

27

1718

.28%

93K
593

59%

a

Atlas

:

.

/f/:

>

5ft>

^20

99% Jan

.1.800

,

,

60
J

'A

5,100

-

,

i

.

55

-v

——

3,000

,

$2.25

Dec

Dec

23

11% Dec

12% Aug

17

23% Sep

13

6% Jan

2

7

Jan

~Jan

10

20

Nov

Dec
Dec

65

Dec

29%

Dec

;

39

Dec

;r

28% Julv

13

V4 Nov 30

Dec

127 % Nov

NOV

.141-

9%

28
5

Aug

4%

Apr

6%

July

Jan

107%

Dec

85

Jan

119

Jan

46%

35%. Apr

8

6

Jun

27

X29% Dec

D»".

4%

74 %v

277

Nov

143/4

Jan

2%'Jan.;

%
3

59% Nov

.

Jun

6 Va July

Jan

10

15

.y

July 27
106% Nov 21

24%

Dec

9% NOV

42 %

28

9%

Feb

Dec

30>/4 Oct

27
; Mar 27

44

25

23% Nov

v

•

100

107

Jan

Nov

49

ft 102 % Mar

111

4

3

'

16V< Aug

Jan

45

2.

43/sJan

;

£

Jan

Jun.22/

57 Va Dec

.

49

120% July

Jan

6 Va

67%

113

.

15%, Dec
ft'

116%, Apr
/ 6V1 Jan
84 Va

Julv

152% July

Apr

6

Dec

July

75

ft

Jan

7

49:

66

July 20,
38 Va July
6
y

8%

Jun

75

Jan

39%

8

31%
1667a

57%. Jan
139
"Jan"

21

...

V

Jan

56%

12

83

-

38'/4 Jan
109

Dec

Jan

156

18 ;
5

31% Dec

24% Jan

V

-

108

.

"

18

Jan

20.

113

Jan

3..

140,

Jan

4.

Mar.

9,

Ill*
45

>

48 Va Jan

—-——-—-No
Do),

(Thet-

preferred^.-lliNo

49

83% Nov

7

"Jan "25,

18"Va

10

11%

Dec

-Nov

29

28?a Dec

21

131

14% Jan

2

:5'ft'Jan

IK' :
par

32% May

24:.

ft 10%

20.

63

66

-

.ft 14%

ft/r

Dec / 4
Dec

114

17%

-.

57 Va

Oct
Dec
Oct

-62—

Jun

120%

Aug

20.

Dec

May
'

*/' 7*
V

Nov

ft 76 ft. Nov/

14% May /

6
13

2

58% Dec

—5c

52y4-Apr^*
112,.

Dec

Dec

38%

Jan

2058 Nov

Jan - 2w

Dec

55

;

Jan

53 V4

Nov

83%

Jan

/

*

i03a Jan 22
'

77*

108 %
106 %

Feb

/ 273

6

Jan

24%

58Jan 23
94 j a Dec 17
129/ Dec 14

22

Dec ft

ft; 45% Sep

Jan

107%

277s Dec

55% Feb.-19
60
Jan
2

113

May,.:

113% Nov

ft./; 59%/Jun

Nov 28

120

Apr:20

Dec

113

•

25%. Jan
25,:
Febv

20

42% Dec

14% Jan

par

103%

Nov 16

1

.

Jan

•ft/ 33

83.%_De„c„ 3

7

110

par,,

"ft;

15

303/4 July 27

33% Feb

—

85%

Jun

19%

'

108J'2/Mar 23

22

.""71% Sep

Jan

13%

..

V3' Jan

90

19

12

53% Jan.
113% NOV/27,,
ft'"/82" V Jan
120, ' Dep 11

31

iLOlft Jan ;30V

parr

of

523a Dec.

ftl05VaOct%6.'
763sJan

Nov

12 V2 July

9%/Feb ft

ft/8% Jan

ft

139?'4 Nov 20

W,

Co. ——A—_———-—

//

19% Dec, .11
45
Dec
8

2

Jan

10-4

par-.

preferredt--;—'-

2ft

11 % Jan

100

Corp_i———'—No
—-No

conv

56
132

17

Nov

112

ft 140

29Va Jan ' 2- .ft

.100

Not

—

Corp

24 V'4 Dec

5% Ma r 27"
60Va Jan

^

preferred—

Pipipr A

Autocar

•

2

9

—3

Austin, Nichols^-

48,200

9aa
59%

Dec

Feb
Jan

26% May '

10 :
121 Va Mar 15

.:

lOOVa Mar 26

No par

Corp_—

Powder
conv

25%

29

69 Va Dec

ft

11

Jan

24% Dec

ft

19% July

-

preferred

Atias Tack

*300

.<■

120

26%

.

•A."
■

17%

*114,,
2

9%

.

•

450

130

/ *24

120
263

25%

9%

„>

k

130

23 ^ •25%'
17%
11,7 3A

-—100

—

90

9.0

,

173a

7,700

-

23

25

570

.

25%

*56%-57

91%.

*114

\

8V» Jan

Corp———

npn-cum

161 Va Dec

13Va Mar 27

43% Mar 27
ft 116% Sep 13

Atlantic Refining-—-——
100
4fo conv, liref series A_——
__5
Atlas Corp——
—
-sa,
preferred,—

3.600...

•

119VA

*119,

119%.

94

25

5%

400

78% ; 78%
-39%

4 OVA.

*128%

%

3

)

91V4 Oct

TopekaSanta. Fe——-t- 100
100
5%
preferred-—-——.—
100
Atlantic Coast Line -RR
fAtl G #
QS.-li nes^_——i-- —1.

600

:

,37,.^;:.37-,;

37%

79%

57

*25%'
•>17%

27

2

Atch

6,200

115

76%

78%.

37'A

V1183A 119VA
•

V# Jan

145V'4 Jan

No par
Associated, Dry Goods—— —1
100
6%
1st preferred—:—
—
7% 2d preferred———i-i: 100
Assoc Investment Co
No par
Artloom

80

v

"

92 Va

.

4,000

.

*78%

41

25%

"

•

-

Constable

Arnold

•

'

*56

9%

•

3.200

--137A r 13X; H:

-

•

116

77

39

120

*114

Va

10

1.500

90

-

7 OVA

78%

■

116 ::

115.

*78 V2

130

*26%

17%

117

94-

*128.%

1'300

A

■

*37 Va

57

ft16-4

-

55

115 Va

2-5%

25%.

138

108%

106%

40

106%

J"'4034—41%

106% V

*105%

<

107%

'

£1%
i

25

'26%

26%

.

118 %

94 s.

27

*

y

~~

*51 'a

55
10 i

-138

106 Va

•

rQ ]

*56

129

'

397'a

118%

26%

94

94

*1^8%

1

25

56%

.

39 Va

Va

39

119%

-

78 Va

77

39%

57

26%
*55%

'

117%

118

118

;

39

40%

'J

106 VA

38 V4
*r7<;

*51 Va

*10o%

52%
1H

117

*115

78 Va

*37%

4

::

105%

-

.

1.400::

54%

16%

/:

111

13

2

ft

preferred

$6 conv prior

1 .;••;

136

128

Dec

Jan

i

v;

*

25%

129

*127

130

19„

65

-—-5
No par
"7% preferred
—
;_100
Armstrong. Cork Co__—
No par
53.75, preferred ---—--—No par

? 500

17%'J 17%

427a

3'

Dec

9

& Co of Illinois

Armour

29,900

5413
10634

,,

10

Dec

•ft

196 Va Nov

Corp

(t',%

18

42

*127

13 Va

.

25% "

17%

130 Vft:

5 200

26

25'A

107%

*25%

130

108

40%

107 Va

108 v

130

108

*105%

*107

•

Archer-Daniels-Midland

2,700

124%

*133
v.

541'2

-12.50
—No par
—-21%
Andes Copper Mining—
—20
A P W Paper Co Inc-/.^—5

%

8VA

8

124

136

541.A/

54

54

138

-

139

139
52%

*133

130

133

*130

13 1

136

*24%

42%

13%

*133

,

20.

2734

28

13 V8

XJ24iA„ 124%

Dec

60

65

No par

2,100

43%

8%

preferred
—•
Anderson, Clayton & Co

Jan

2

—_50

$4

Dec

15

31

par

2,000

43 Va
V

,

Anchor Hock'Glass

i

.

20,'

y,

8 VA

28

13%

107%

19

44.

20%

^

Va

129,

53%

53 %

8

" 114

Dec

28%

151

ft

3

29% Jan

-—25

Aiiaconda Wire & Cable

f 280

/.

43.%

43
*112r

*127Va

127.

"134

*20

/

i 520

1900

53-%

53

43%

Smelt

prior conv preferred
Anaconda Copper Mining-

Dec

152 Va

Jun

)vl57- .f Jan 31

r-100
—1

$5

45%

Nov

22 %

ft 53% NOV

'

25,300

44%

43

114

43%

JA

8%
28%

28 Va

13]A

13%

*126

44

.

82

Amer Zinc Lead Si

\ 400

39% May
146

13

12

Dec

6

27% NOV

Aug 21

Dec

43 Va July

165%

Jan.

10

30

ie

No par

'—

147

Aug

50% Nov
164

2

-

Dec

37%

Jan

26%

11

14.

Dec

•

/

Sep

19%

Jan

68 Va Dec

9

18 Va

Feb

26%

43% Dec

41

No par

Woolen——

Preferred

%

179

9

Feb

-

22% Jan

"

8,400

10 %
82

*79

-No

Elec

&

preferred

1st

American

800

i

,

Wks

Water

; $6

y

7,160
'•

126

10 Va

VA

Am

51,000

V4

preferred

5%

?300

29%

126

"53

51

*42%,
*112

21

-

8Va

28%

28 Va

12%

128%

109

29 Va

44 VA

43 'A

H

'

53.
43

43 Va

*20

8%

8%

13%

12%

V

44%'
21

:

*20

8%

-

113

113

"

*79

81

4?;:

■:/

113

'44%

-

44%

"

10

10%

44 Va

*51 Va

52

*112

10%

81

Va"

43"

42 Va

21 Va

*19%
28 Va

-

r 52

.

113

8

14

13%

53%
43 Va.

/ft. 44%

-

45"

53%
*112

112%

112%

43%
43%

:r

43%

:

43

*108%

109 Va

*127%' 129

44":

81

43%

24

30

29%

128

10'A

81

*108%"

30.

3,100
:

-

128%

"

Va"

109

22%

ft

13

44% Nov, 30,

Aug 21

128 V2 Jan

^^.100

American

63

122

-

22VA

223a

22%

29%

*108

9%

v

84

*81

21%

109'V'4

29%

67%

*19934

67%
122

*119%

Jan

31% Nov. 13

ft

17% Jan

10
r—14
-100

Amer

A^ig
17% Jtiiy
77% Dec

Jan

13%^

15

Dec

12% Aug
180

'

12%, Jan.
62%

11

27% Jan

par

;

preferred

7.6ft?

6.300

Jan

11
15

3

I,

607a

Jan

163

Oct

2

.—25
25

B—

ft/: 9

99

41 Va Apr •

-100

Type Foundries Inc„
Viscose Corp

,5370

.

22 V-4

21 %

:

class

Common

7,400

158%. 158%

va;

22%

4.600

89

88%

88%

89 Va

158

67%

68

21 %

20 Va

*108 Va

/

12874

10%

10%

119%'

21%
31

'■

.•

22

120. Va

*119%

109%

20%

29%

,

89

158 V*

11.100

'/'ft 40'/: Feb

3

36 V4 Dec

153

100
No

ft 66'%, Dec

2

3/4 Jan

-.100

Tobacco.—

/ 'ft 3 Va Aug/

4

40

.—OO

Telep & Teleg Co_American
Tobacco

Dec

Jun
Feb

44%

16

30% Dec

,2

164% Jan

par

—

Amer

ft Oct

43

Jan

32

No par

——

Dec

-130

17% Jan

par

Sugar Refining

26

Feb/ft'

10;

Mar

.

12% July

Feb/

18 3a Jan

—18.50

-.25
preferred—-—100
Steel Foundries—.
No par

Am" Sumatra

:• lvioo

187%

*87

15% Jan
75

"

43

"186%

22

19% Dec

Dec
Dec

IS

54% Jan

95% Dec

Dec

24Va

Jan//

3

184

28 Va

-111%

115%

13% Nov

ft

Jan

.20

24

104%.Dec

2

91/# Aug
50
'Jun

Feb ft

6

Dec

9% July

Jan

2,

2

79 Va

14%. Feb; ft
8%r Jan

79% Dec

Oct/

77/a Aug

;

Apr

46

;

27/

22-

100

& Refg—--No

: /

ft. 39V4NOY.20

Jan

.-

"

Jan,;

Nov

2% Jan

11 % Jan

Jan j

.

7%

0%

..

...

NOV/1

142 3/a May

Nov

76%

;

14%

19% Dec.

Dec

6Vv Aug
46

80%

41
„

40%

Jan

'/ 61

80 Va Jan

—25

—

Preferred

100

151

'

48

.

88 %'

-88%
<

22%

67%

67%

119%

119%

"*108

109%

*108

48

90,;.;-

ft/" 66%

119%

*

120%

"119%

48

22 V4

22%"

'

68

68

*150

30

Jun

25%,. Apr
94%. Dec

Mar

12

Dec

15

Mar

,

5%, Mar

fl*'
4.

19
13

176

29

102

Mar,.,

65

Nov. .-13

-103

Mar 26

39%

6

-

/ft/14% Oct]: X,x

3-

11% Mar 27-,

non-cum

American

l4 Vsi Dec)

,-

ft 123

Jan

21

Stores——--——-No- par
American Stove Co___
-No par

•

••

Oct. 29
<40% Apr- 22- A. 54
41% Dec
6
26
Jan 22
108 ft

American

1,600

151

* 159

159

ft'

159'

22 Va

Amer

500

89 Va"

90 Va

90

158%

22%

* Preferred
6%>

10,600

/ 6,600

89 Va

■

3

-100

;

—

Rolling Milh.__
preferred

American Snuff

10

52%

89 Va

'

21 Va

23 %

407a

•

29 Va

.

158% 160

'

160 Va

•A./'

165

26

'

'

"

23

/

330

1,100

47

26

188 Va

15

par

conv

Smelting

52%

8974

89%

89%

89

90%

89%
159 Va

■

89

Preferred
American

Ship Building Co

29 VA

187%

-Jan

■A 9 -/ Jan

No par
No par

San'y

Amer

53%'

189%

-

par

No

-—:

Stand

Amer

3934

V

preferred
preferred

JRad &

il80

26 3 4

188 Va

5

Nu par

5,600

29 Va

189Va"

187%

2

638 Jan
•

II7/#.. Dec /

Jan

68

6

Dec

109

68% Jan

Aug

.l%,,Oct;;ft,.'

.

Dec—lft.'.

58

41% Jan

.No

Co—

Seating Co— ju-i.No

J

ft.

24

Dec

4%

Apr, • •
.Jan ft

23
..

15

Dec

36%

I9r ft/15%,, Jan/.;,
59
,Jan
li ¬
56V4 Dec : iQ,.., ...33ft. Apr,
3% Jan
10Va Dec
4 ;/'•/

2

i;4oo

'

/ 8,,

Dec

>107%

Feb

Nov

40

,

5 «'Jan ft! 3
://> 47-/.y. Mar ■1

7-% Jan

M ft/ Aug/:

A.- 20%

ft/109% Dec

24

Safety Razor:

29%

48

1

26

Light

4

*160

*150

2

91

24 3/a Jan

American

52

152 ,%

20% Jan

130% Jan

American

*26 Va

*47'A

48

*47 Va

191%

188%
/•*'

89%

'/,

,

News

Power St

-*J6334

46

/;

X117V:? Nov

70-

131% Nov-;

2V4 Mar

28
2Qj.-,

8Va Nov

2

100

—;

4%%

1783 4- '178 7a'.:

.

3

38% Jan

115Va July

Sep /

3

.

.

,21%

,.

ly% Nov!..144

Jan

Mar

Mari:

Dec;-

27% July

r-

_

101%

Nov, .9.

.

9% Dec

No par
No par

Ltd

preferred

$5
Am

L—'

55

; 151

3,--'- 43% Jun

53

3

2 Va Jan

Jan

14,

29

109%.Jun

27--{Jan

par

lilOO

3

22

2

96-

10 %

16;.;;

Dep > 3 /
27% Dec -.I.,.-.

3% Jan
10% Jan

;

42% July/

99%

f

Jan.

69

26

—100

1^730

30

Va

52

,

152

*150

48

y*: 191%

89%'

54%

26%

26%
*29

30" ""

53 %

40 3

,

40 Va

Metals Co

S6

14,900

3474

40%

165

40

40%

40,%

yV,/,-;;

'

29 Va NOV

3
3

24

X

95% July

,15
23., Jan
156 Va Dec 14/' ..: 107 ft; Nov.: V,
108% Feb ft*
149 / Oct ) 18

30 V4 Jan
5

68%

Oct

183% Nov

Dec

105 % Apr

par

No

& Metais.--^

Mach

" 6%

2/600

97%.

63

•47%

*46
*160

3

1

—:

Amer

/

•' 2,100

2874

283

••-17874 '178%

160

185.,

ft/;:' 28'2

64

a

2

^-100

No

F ly Co

Amer
.

42,400

33%

'ft://

42

633

178%'
46"; 47

■;

26

*29 Va

56%

41 Va

63%

160

4o;%:

26 -V*'

-

30 Va

53

41 %

*178

47; "
160"

; 38%

26%

%

26

179

158

30

>

31

"30%

191

39%

41%

41%

*

%

Jan

-par

III—

of

Co

preferred
Mach &

Amer

.1

9674

ft"

,

7%
Amer

} 40

v

27%.

ft:

,:ft"

28

28

28

8 '

67% De<? :ll
127
Nov, 16. ;**//

_•

ft;

Mar
11;/ 82
27,A', 170% Jan
33% Apr

112 Va Oct

197% Nov

preferred—.———-——---50

Locomotive

American

177e

*181

35

Invest

conv

30,700

/:

96%
88 Va

17%

97%
v

"5ft)

American

'1/860

.

•y.

ft

96%

•28%

:

<=34 —

1174

July

5

18 Va Jan

Corp___——No par

Internat

American

3,500
2,000

79

11%
877a

185

Va

63'/a

*40

64

M4'/a

48

160

34

28

■

"47

:,"/l

14

5

i.-l/

I—iis—No
preferred^

Ice

6% non-cum

Amer

2oo

:

7872

'/'/
.

97
■

i,

200

363a *
142

May..

15

-

{;/,'.'

27

97 3/a

34

41

Va.'

178%

178%

178%

178%

40 Va
63 V4

42

*41

66%

97)

28%

967a'

28%

28

•■></

*181

27%'

3V

33%

18%

35%

Va"

96%

■ft 95 Va

185

*181

/"

28

27 Va

96%

98

35%
"41

185

*181

185

26%

29 Va

18

Products

Sep

8

:

.

'*

: /, 2.600

17%;

-ft/• *14072

142

*140 Va

r,

46

133

6

9

19%. Jun

ft

ft;

Dec

Dec

Dec

' Dec

72%
ft

Apr

17

42

Jan

Va

23 Va July

Jan

8

69

45

Jan

Jan

13%.Jan

•

126%

,

55% Oct
135

Oct

,

7%
10
5 /,/ '37%

23% Dec

17

•

'

74%;
ll'/a "
97 " :

11%

,.

preferred-

Home

American

i4j)oo
300

367 a"

36

71%

•

97%

<•

'"•ft"' ft"..

36

*35%

142

Jan

112% Mar

—1
a_—50

Hide & Leather—

conv

American

450

•'

120

177 a

17Va

17%

18 74

36%

36

,.

185

28%

-357/2

3574"

,

142ft

73

13%;
377 4

60

Jun

80

:

2,000
•

-

>1.1/

a

36*

35%

10%

; V.

,

"

141%:

97

90

19

*50 7

.5.1

141%

*97% '98 Va

"181

*503'o

■,

6,700

•

101;

"13%

Va* -13%-;

*13

*35 Va

/;

loo

"

.

137a -1374.4

36

•

13—•

,

"1007/a
-

142

70 Va

11%

"88%

ft.V- 12%

101

38 -ft Vft
3774
ft
'37 74"
ft *119 /
ft *119
1197 a

35%., ft

17%'

17%'-'

,■>.;

V

303

110% Jan

Lines Inc—-^-1
Power—No par,

Export

Foreign

&

American

6%

*104.4 105%

-

36

72%

11%

5,400

.

Apr,

18

31%

Dec,., -ft

16

preferred—i_:—No par
:V
ST 2d preferred A——„—No -par,
$6 preferred—
No par
American Hawaiian SS Co——-*-10

l.ioo

9Va

*140

'."V

}42

"140

50%

:* 57%

50%

•

14,

Amer

May

40,
v

,;"$7

500

;

*57

r

*

17 Va

V; 8,500

'

38%

35 74

33%

W, 9.

12%

12%

*100/4
xl4

120

*119

36

18%

'17 l/2

18%

36%

35 Va

:

ft

51

ft, 37%-

120

36%';

vV 36%

37 %

36%

•50% '

*118 Va

119

119

120%

"119

58

13%

*133/a"

51

36%

13%
*

600

26

19

27%

.1

42% Nov
110% July

3
19

iv,.

Dec

Jan

,

Dec

41 Va Dec-

96 •.'/Jan

European Sees .-——No par

American

/' 14,800

33

108

14/

*

7%

114Va

*107%: 109. A.,

Vat

Amer

43/i

Mar

28 Va

82

Jul v

24.%„ Dec
.

43

10

Tiling

Kncau^ri"

American

1,200

-

:

Va

7

l

ftioi

nor
14"

51 Va

51V

*57
*106

1" *

13%

12%*

13%

"13

9

37 Va

37

114,%

34%

9 Va

58

106% *107

^

51%'—5r%"V

93/a. :

/ *57'

v~;;

500

109

108 %

*

"lOOVa

-

Va'

./■. v 1,800

f
;;

115

33%

;

VA

51%,

"

9Va

Va,'

58 Va

*57

"106

107

51%

51%

v

9

7 Va

115

34

*108%' 109

a%

•18VA

37 Va

7%

116

33 VA

51

58 Va

v.

106

•

115%

109%:

109'A
ft;

9%

37%

.>

7% ■

34 Va

33

■52 Va

17 Va

"38%,

6% :

115%

*H4Va

„

34.'.
108%

51%

*37%

7

8%
"."17VA

■: 8%

Xl7%

';'v

*17%

37%:;

6'A

7%

6%

7%,

"19

A"--' 7,200

so',:

49

:'5rV4

v

*8

8 Va

8%

19

*17%
r37%

18%

37"

19

"18%

50

50%;-

50

;4o

107

*105%

107

*105%

4. ?

39--: Jan

Sugar—,—^10
6%- 1st preferred
'4--—
—100
Amer Distilling Co
stamped-—__20

July

118

Apr

17%, Apr/.
Jan

94 Va Dec

2,

Crystal

American

1,800

25

D«v

40%

24

preferred——50"'

4VAf'c

"

Dec;

89% Feb

—-No par

Chtele__

American Colortype Co_:

:.'.'? 1,400 ;

66

22%

.

.

' 2

,

183% Jan

non-cum

American

'1,110

■

25 Va

25%

25%

V25%;.

140

139%

66

*105%" 107

107

xl07

108

150

*62.

26

*63

"

*25 VA

''Vi

*25 •

67

25%

25%"
/ft

25

25%

26

108

26

"107%

139 >A

20-4

*64

65

*60

'66

"61

138 Va

25%;

39%

1%

4
4/;*.''

10% Aug 21

.

preferred——100
Aip Chain & Cabie Inc--—No par
>:
5conv preferred-—
—100

; 500
2,000

105- *

/

Dec

71

15 V2 Aug 21

---—

5,400 y

•,

Apr,

28

x41 '" Mar 21/

..i;

—

450

■

»

'

151

*147

149'A

138

137 Va

25

25

65.;
125

39%

40

149%

149%;.

:

64
125"

;

126

39%

39% *40'A

136%

135 Va

:;J

*125

•4,000

99 3A

195%

64'A

63'A

va:

126

98

;

195 Va

Amer

Jan

33 Va

24

•

128

-i-T
American Can—
25
Preferred
—100
American Car k Fdy-z--—No par.

27,100

15%

Sep

161

69 % Jan

100

preferred ——
Cable & Radio Corp

5V4%

195

100

99 V4

195
-

"

149%

ft

152

*146

153

135%

"155

65

■

126

'.

40

40

42

63

; ,

15%

15% !•.

15Va
r

1003,£

2.50v)

A;' 2,700

135

143/a

i

Jan

28

Banx. Note/.-—A—
_1Q> ■
preferred—--'—-—50
American Bosch Corp.
—1,
Am Brake Slioe "Co———A-No parr'

Dec

35

11% Dec

20% Jan

3%

.

:'

;

42 V'4 Jan

/

sm"n9an

50.

.

140

6

* per share

share

per

28

11
11

10

103

■

Nov

56 Va Dec

43% Mtiy 14
Aug 21

50,
par-,:

•'
S

11.

47% Dec

2*.

>23
Jan
3% Jan

American

•

50

49

*134%

135

4nier

'

share

per

104

14

/113% Jan •y2;/

Agricultural Chemical_No par
Airlines
—5

2,200

21%

21%

49%

49%

*134

1023i Dec

par, '.

Corp—No

$

^angefprPj-evIotui
:/*
• Yej»f,1944;
Lowest
Highest

''

.

Highest,

*38 Va Jan

-100 '

preferredf-^

'

20% Jaii 24"

V

pat

Petroleum

I.

5 per .share-

y.

Leather Co Inc———-1

flfrcnnv

4,600

39%

Par

Portland Cem———-No

Amerada

:: 3,400

79

79

...

21%

21%

49%

99%'

125 Va

78.

'*39

40 V4

78

•194%; 196

V

63

623A
125 Va

40

42

*

125%

63 %

64%

125%

16%

15%

84%'

40 Va

*134
* 135
ft 15%
16 VI

Va
"ft

15%

102% 103

42%

84

217/a ft

217/a

7;

135

*134

135

42%

84'a :

/

ffo par ,.
.__100,

preferred

conv

Amalgam

:

100

1,100

'

42%

"

ft,ft

4ft
Aloha

7,700
"J

60
150

83%

y

41%

•;' '49%

400/..

42%

'ft'

79

'*77%

79

*77%

79

22%
51 %

150

86

"ft 41

ft

x49%

79

78

ft

9%

% ;v

.-.1

•:

Corp^

1

i

Lowest

^

preferred--'

y

Range Since, January,!

./V'-"-

Ahia-Gdaimers Mfg

800

10

60

:

4*«

6,900

31%

150

66

150

-i:•

700

135

31 Va
»

r -

YORK STOCK

Allied'; Stores

10,600

Va

54'A

*138
•

10

*60

43

86

42%

87

53 Va

31%

;:-;y 97a

.

44

103 Va.

103%

194%,

151

151

42%

42%
"38%

10V4
66

:

#*6i

;.

44

•'

;

194%

32%

10

Vs.

46

,

*31W;

ft'

3

"31%

32 Va

'

"

.

//;..:/,;v,.;..,i;': EXCHANGE 1

,

Shate?<

I,.per share

-1,

shaft*

per.

45

*103Va, 104
:
54
54%

54%

53%
*132 %

136

•

-

*31%

10%

9%

10%

10%
"61

*132

32%

32%

103%

53%

52-/4

54%
135

135

S

.

/ft1'

45

103%

NEW

Sales for

the.Week

-

103 %

103%,

share

per

43

43%

42%

103%

52 %

54%
135 %

s

S per share

44

42%

*

,,,/.

I per share

f per share

Dec. "10

1

Dec. 19

18

Dec.

Friday
Dec, 81

Thar* day.
■

"

t

Dec. 17

Dec. 15

;%/ stocks

""A r;,\

,

Jan

13%. May

/Apr

84 V4 May

15% Nov

Dec

3%; Jan

/

8

Dec

3

.

B
"

"

:

33Ts"-

33%'
25;

34%

32

25%

26%

24%

41%

42%

39%

42

40

41

4034

4134

39%

41

20%

20%

20

20%

20 V'4

20v*

20%

21

20%

203a

74

72 Va

73 Ve

73%

73 U

74%

76

75

77

75

50

48

49

48

49

49 7 a

50

4912

49%

493

42

39

40Vb

39%

38

38

'34

'73%
'50

*41%

Vl4

55

53%

53%

23%

23%

23%

23%

2|%
22%

"23%

44 3 4

42

*53%
■

*44

*54

'106%
For

55

108

54

*106%

23=a

44

*38%
*53%-

21%"

x21%
41

54''a

54

-ioa3a

108

footnotes see. page

<

3091.




*53%
•'

54%

22 %

•23%

21.%

54 Va

22 34

1

21%

21%
41

42

*106.%

*37sa
.

.54
0.9 1

54%

54%
107

26,

.

40
54

^

38%
,

.20%

4

*53

106 v;

4

x533a

21%

22

21%

21

423

54 %

106%

*63
♦107

24,300

25 Va

733,900
,11.800

40
203 &

1,500

75

*383 a

42 Va

21 3

42

ioi-

#

34'

-680

49%

2,200
400

40
*'

53%
22%

a

.

42 ya

54%

107%

180

12,200

*

21%

8.000
900

,
'•

600
50

-13

4,ft)„ preferred

28%

Dec

—

26

5%. Jan

13%

Dec

44 's Nov

27

93a

Jan

23%

Dec

9%

Jan

14%

Dec

-,:50

^

No

Dec

4

60.

Jan

68 Va

' 7

52% Dec

1

21%

Apr

23%

293 4 Aug

3

42" ' Dec

13

12

Jan

18

4
2

54 "• Dec

2Q

25-

2f»

147/a

Sep

•" 17 Va Jan

52% Dec

-

16% dan

;

14% Aug 17
■

23/ Jun 21

32% Jan

19

Jan

23

Dec

7

36

X106

8.1

Mar 27

66

P»fy

.

12% Jan ,31

.

No -50

5,
Oil Co---■
Bath Iron Works Corp—.—--. .i-h
Rayuk Cigars Inc—
'-No par
-25
Beatrice. Creamery—
—n-

preferred-

Apr

28% Jun

31

Barnsdall

$4.25

18

10

22,

193a Jan

,

& Aroostook—
Conv" 5 ft> preferred,.——.— .100
-4-10
Barber/Asphalt Corp

/

35% Dec

,

11 % Jan

-lOQy

Bangor

Barker.' Brothers^:
4%ft preferred-

9

24% Aug

.109

Locomotive Works—
Baltimore & Ohtar
Baldwin

•'

-

Feb

24% Dec
47

Nov

55% Dec
110

Jan

4

20

11
11

Dec

Dec
July

•

•

18% Mar

14% Aug

19%

Dec

25 Va

*

Feb

34 Va

Nov

Jan

38

Dec

Jun

111

Oct

31

105%

I

Volume

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4449

162,.

•

NEW YORK STOCK
LOW

Monday

Saturday ,y

'

15%

STOCKS

:[

Wednesday

Thursday

Dec. 1 j

Dec. 18

/

v

$ per share
15%

16%.

$ per

"

•■/ >39%- 41
■I "126
* 132

*39%
41
•
>39%
41,.;..
>123% 131 ;
I>>123%4131.; »
2V
•
21%,
-21%
21'% >
2i%" 21%,
25%
..,'.,*26% I26'%i" >■', 25%';. 25% >
25%:....

-.->■

,

30

30

"108% *

"108

>

"28,

;

>

55%

55

..>..

.'28%!.

•

32%

-

27%

".27%

32%

"150

24%>24%>>
Ill

40

•

.

•

Ill

.

*110%

•v

*185-

*63%

•>>

64Ya

*39%

•

.

■

v

"63%

44

43 y4
49

50

;/•-,- 8%

58% >

•72

'9%

*70?
16%

'/•

•".>» 17% V-18
48%,

48%
"57

47%

>>

50%

.;

16%

>■

*7$%

.17%,.

48 Ta

49

-

*56

77

77

•

36%

*110%

i

.

>

.

y

>38%.

39

> *180.--

44%

32

77 %

76 Va

36%

35

32 %

9

•

32%
> *75 /',;■

77
/ 36

56

56

32%

33

19%

21%;

19%

21 %

94%.»

94%

94%

94%;

92

24%

20%

94%

'

24

122%

22%

23%

22%

23

23%

33%

34

34%

34% V

36%

38

37

37%

*106

>:

>.'

110

*13%

108

6%
100%

100%

34%

34%

*

323'4

93%.

35.000".
1,420:'

22%,

7,600.

21%//

22 Va

-

;

7 %

'

,Budd

*31%

33%

>>33 .•/■

33 3/4 <

500"

38%

387«

38

38%.

2,500/

3434

35%-v
36%.

1,600>

Bulova

4,900.

36%
109%.

18%

12%

90.

77%

> 77%

78%

24%

100

6%

90%
79%

76%

25%

25

.

^

34

32%

108

6%
09

120

6%

25%

6%

>;

300 '

?:r

8.600 ""

6%l

241/4

24%

99

99

99

(

240/

35.1/2

35%:

900"

381/a

38%

Corp

Dec

Nov

3

3% Jan
37% Jan

45

12%

Jan

21% Aug

Dec : 7

40 Ya

Feb

53

8%

80.

19% Dec '

4%%

&

(A M)_l
Participating preferred

Byers Co
-

Dec

12% July

Jan

44% Aug

39"

Jan

•

7

40% Jan

50'-

July

53 Va

Oct

21

Nov .21

35% Nov

13

14%

Jan

22% July

39%

Jan

49 %

40

;

Nov

20% Dec

16

17%, Jam /

10

8Va

'28
19

5%

Jan

Oct ,19

47%

Jan

7%

2

21% Dec

2

97

2

116

Dec

25%

Jan !

Dec

14.

Jan

Nov

128

22

Dec

129

'•
>

Deo

12% July
77 Va

Dec

24% Dec

11

Apr

11%

Jun

3

> 37% Oct

19

17

Jan :

22%

Dec

2

39% Dec

10

16%

Sep >

207/a

Dec

12 Ve

Jan

.

301/4 Aug 27
20% Apr
6

38
Dec ;10
39% Dec
5

/
;

Sep 13
13% Jan
2

,111'/a Dec

No par

15

,-100

Jan

30

Va Nov

15%

Jan "

4,,

9%

Jun
Dec

95-

Nov

14

54

Jan

83

Dec

81

Nov

13

43 %

Apr

70 Va

Dec

1

8Ya

Jan

15%

Deo

2Ya

Apr

~37/a July

10

12%

Apr

101% Feb 28

67%

Jan

20

Apr

27% Dec
,110

Oct

16

7 Va Dec ,10

87

22

28

Aug 21
22Vi Mar 26

No par...

10

15

105% July 26
3% Jan
2

6

4

20% Dec

71% Mar 28
77V2 Aug.23
591% Mar 27 '
14% Jan
6

>

No

Jan

27

6

■I '"71 Va Dec ,17

-<2,/

105

California

Oct

Oct

221% Jan
;

Byron Jackson Co

7%, July

18% Jan

•

100

1

Zinc

"

Nov

,

10% Jan

100

preferred.

Copper

7

>52% Nov 10

74% Jan

/

:

Dec

41 Ya July

7

10

1

Oct

34%

If

July 26

Jan

117

18

112

Jan

Deo

55% Sep

37 Vs Dec

36

Jan

9&

10% Jun

80

•

No par
!
1

preferred

Oct

19% Nov
52% Jun

59Va Nov
-'

12% Mar 27

>

%

109

Jun

109% May
28% Jan
34% Jan

451% Oct 22
55

21

Dec

120

100

Addtng, Mach

Dec

' Jan

*

11

•/
■;

17

;

par

common;

Dec

Dec

20

46% Jan

8

59% Dec

21»

.

5

Terminal

Butte

,,

2.900'

;

Oct'24

'

191>

3

,:>• 45
Jan.
2
; ' 2334 Jan 25

par

Inc

15

22%

% Apr

13

> 40% Dec

! Jan- 15,..

106,

Bush,,Term Bldg 7% preferred-/_100
Butler Bros common
!,
10

330 .'

34%;

.

34%

Bush.

5.600"

25%;

*107

6%

24%

34

>>

!;76%r

88

66

Dec

49% Jan

___..l
*,—No

Burroughs

3.100/
150'
1

108

108/;//:.

6% ./ ; 6%
/>: 25% >26
99% 100,../

16,166;

13VaP
90

109'

Dec ,11

:

40.i% Mar 27

No par

Watch.Co.

Mills
preferred

4>

19%

-

90V'a
77-

.

100%

32

19
13
90

79%
25

*107%

/■/;'-

>

>:

13

:

■ ■

•

1097a'.

>,25%'

79%
%

*36 Va
*107

19%

>>13

•

24

25%

100%

32

&

6%

25

10Q;

32

108

108

6%

19

13

90

24%

26

3634
109 %

19%

13
.90

25%

36 34

"106%

1097,a

19%

13%

89-

106 Va

/

19%

13%

108

36%>:

363a
*

;

37 3a Mar 27

No pat>

Burlington

35

*106%

12%
45

> 10% Mar 27

pur

No

—...—;

Bullard Go

34%

351/4

'93 % Mar

78

19,:

Jap

'.">47

Z.100

;

;' $5 preferred i
Budd., Wheel—i
Buffalo Forge.,Co_

35 V3

36

10
—

Deo

51% Oct
25% Aug

16:
Jan
14 % Mar

Dec

July

66% July
130

7% Jan

6
8

343,a Dec '11

17% Mar-'9,:.

5-

preferred^
(EG) Mfg

38% >39 f,>

*32

,

91

24%
.

93 !

24

20'

4

10

112

5
36% Apr. 5
51% Apr -5 :
42 y4 Jan 24-

No par

Co.

Bucyrus-Erie

5,300

f,

37% Feb
16% Jan

32% Dec

/

> 331.2 Apr

5 /

No.

:

;

20%

115% Feb

10

25% Dec

.

»'

52i/a Apr
3
24% July 20

1—5-

4

Brown Shoe co^._—

36

x6%

27%

93%

23%

Co._

Jan

56 V*.. Jan

7

2

Feb

•114

^2.50

Bruns-Balke-Collender

37%

37V4

.

*107

7

*26%

92%

23%

95

4lo
r

Dec

15%

10

42% Dec

;

26
23

49'a Jan

:.10p v
i

13

.

'

_'_5,

(assented)'_100;..
15>,

900"

33'a

24%

•

94%
P

%

18% Jan

-xlda'/z Mar 26
'>17% App 24

,

>_TJ5>>

i> 3%% preferred:
:_100
Brooklyn? Union GasJ.—^.i..No par.

34%

76%

25%

21%.'

Bristol-Myers

37%

20

,,'81

77%

25%
*107

35%

12%

*76%.

/: 21 %

124

100

/ -'38

Dec

56 V* Jan

,

72% Dec

2

>; 20'% Jan/
y

Bearing Co.

500-

>

18%(

1834

*121%
> 21%

13 Va Jan

.

8,

/Nov

36

;

2,200"

76%'
37

19%
124

2

200/

.

-

Jan

155,

Dec

20%

Jan
53% Nov

35% Dec

Jan

49%

"17

56% Jun

23

.,

v

*34%

21%

217h

700.;

y

*73

'

35%

•121%.

•'/

>: 124

6,600.

4,500!.

29% Dec

/

6

2

Brewing Corp..,of America
.__15.
Bridgeport Brass. Co.—:
No, par.
Briggs, Manufacturinjg—4—No par
Brlggs & Stratton—1
No par

33%

18%

92%

*121

2iy4

> 94

109

14

*91

19%

,

*106%

20%>

::,;:vi9%

":■.

.

124

1001

36%

34%

>

19%

*121

77

35%
>>1.9.

•

Bower Roller

Jan

Nov

Jan

^

RR

33 Va

63v

48.

Branift Airways <Inc—

37 Va

x36

37%

"36%

18%

20

33%

*73%;

77:-/,

19 Va

18%
122%

500'

600

*110V2

Boston, & Maine

6,600.

(

36
112

.

1,800'.

> :>>; 31% >32%*;

13

32%

36%

%:.

20

5,400

preferred^

Bordeni Co (The)—i—
Borg-Warner Corp

5,200.;

,109% Dec

2

—...

•>„ 4%

,

58%

30

1,900^

7.

Jan

Bon. Am t Co class Av__._—No par
> Clasi B
>—Nonpar
Bond Stores Inc common
>1

,

.>- 44%,

44

:

*U0\a- 112

32%

-

*35%

-

•»

v

f-

190

/ ,.:>/^ 49 V8 >; 49%;
8%-:
8%;
58 V4 >58V4
>

327a>33%

>73

74 Va

-

140

13

15%

127

par

July

Jan

98% Dec

Na par

>

Nov

7

,

2834 Dec

•

Der

121

Apr

2

par

38

Jun

l&V.

Aug 22

Nq

Dec

Jan

IIIV4

13

Dec

..lOQ

Co^

/

10%

35

a

53V4 Dec

pari

31

7

14%

24% Dec ' 6

Jan

No

tr per share

7% Jun

29% Nov

22 Va Aug 31

j

Highest

share

2
7

17

*; Boeing Airplane, Co
/
> Boha. Aluminum- &; Biass^

2,000^

-Dec

65

Biopmingdale Brothers
Blumentha 1 & ,Co preferred

30;
-17,100*

50%

P *56

'112 :,V/
*110%"

112

122%;.

122%

>

32%
75.„

33%

36

77

37%

20

*110'/a

112

"

65 Va:

65

'.t,i
,

.

36.

*110%. 112
*33%
34%,;

V

P31%t

*70 -77
•>.:..76.%>' 76>2 /;
i
>> 17%;* 17% :> >„ / 16%. >17 :>/■
»48. %•- 48%. > : :> 47 Va 48 >

58%,

/>':74>;

.

112

,

30 %

4

136

19% Jan 22

•

11

No par

-

Bliss & Laughlln Inc___._M.—I

630.-

■

'•*

77.

17%

17%

48%;,

57%

*10.9,%

•

66

8%

>

(

-

15

Aug,

103% Sep
47%, Jam

1;,

Black Si Decker- Mfg
Blaw-Knox C01,—

I

38

37%
p

.

190

> •58'%' •! 60

:

33% >

...

.

'

9,300i;

>31

*29 V4

Foods

Steel; (Del)
7%;, preferrecLi.__>.:
Blgelow-Sanf, Oarp Inc

900.?

22%"'22%
'

,

39 V8

-.

49

>

'

f~ 57%

76%

*72

Bethlehem

500

,

Year 1944

$ per

share

4114 Dec

20

18

per

Lowest

17% Dec

Aug, 17
Jan

12% May

.

10

.

Best

100"

>70
>
70.,, «-.' ■ / >■ 70
107 >•>
107Vi 10%%;,

44

,.•44%.;/

■

"33%

77

47%

59.

>,75%

*75%-; 77

33%

*70

48%;

*56

58%

•;

58%

32%

77 v/i
17%

.

»

58%
>

39

*180/

■

9%
9%.
*58%'; 60 •

•

58%/ 58%

77,

43 T a

•*

25

12% Jan

No par
a.

$

share

9% Apr

114»,

:
preferred^—
100Bendiii Aviacionu—r
I
+_0Beneficial Indus-, Loan.
.No paf.
•.
Fr pfd. $2.50, div series. *38.No, par
Best & Co__._r_._

5,700,.

r,

•'

"65Va-

39%
190

•50.

«% > 9 ;•»

>'32%>34.Y:*>.

107

y

43%

50%

S

__20/

^

Howell Co,."..

8,000

v

•

-154

-'

r.07%>69
t',
■•> ' 34 V/ /- 34 V4:

..

31%

*

70

65%;'.'.

39 Va
'180

<•>

■V

•-*

112

30%

107% //

64%

64%,
195

34%

9293

t

,

2.000

>'26%:

26-

■

*150

.

69,

*109 %

Va.

71

*107

38% '39/

>"'
>.

■

,

-.32

.1,300

;

26%

>22%;," 223a>
/ *29J>.' 30% >
■
>. »38V4>': 39

112

31%

/>-

108

,43%

9%

9%:

*58%

23%

»70

90,'
7,200":

108

'

39 ;

*109

.

>

108.

■31 :•>.

.

38%

r,

>

/;> 5234.- 5338t
> / 27% -/ 27%;,

/•

93%

34%

33%

'

70

x48%

;•

"•'*

*30

32'/«

*180

193

.

22%

•

•

112%

*107

39

*180-

51%

51%

38%

31%
69%

110/.
64%

38.%

»

>'-44>/.44>
»>

21%

72

*1Q7"
*63%

40
195

23%./

38%
•110V4

32%

••>,

33 34--

>

T

30%

112*%

70

34

,

Bell

153%

-

69!

68 Va.

>68%-

68% >

22%

»

31%;.
38%/: 38% '

71%
U9

33%

.:

>30%

•

33%;

71%
*107

35%
241/4

*30.
1

V

,

33%

>

".

•> 68%

70/,,

1

;.- 35%.
J •' 22%'

.

> >30%";,31%
*39

(

150-

4.700

.

per

35

2,600->

&

•>

RR..

30%J

-

t

1

BeechrNut

26

29%

2734

,Par,

Corp.;

,>

25'a:

Range Since January 1
Lowest ■
Highest

t

Packing Co,
Belding-Heminway
Bell Aircraft Corp.

.

53%

26%;.

Aircraft

Beech. Creek
'

.

"150

Eeech.

41

303h

92%

93%;
154

'

2,300

*31

27. »>,

93%
*150

,

130

Range for Previous

STOCK

-v

6,000

53%.".
*52%v 53/%/ / »*52Va
1 31V*
' 31 ' >3iw;
'

y.

,

YORK

EXCHANGE

,

",.•.>.20% >20%^,

IO8 V4-

>527. a
/•'27%/

31%/."

-/27 :-:;,

93

.

53%

':/v/30%

26%;,;.,

92%.
150 ;

,•

.

27%.

*52 Va

;
'

V 26

93%:

>68%

35% .35%,

•

53%

31%

*150 > 153'/a

y

■>>*08%" 70%
Vi

*52%

> 30.%

31%',
26%-, 27 %>

5.4%

4

27%

:2T%;r28

.

53% i

92

154

.

28.%.:/.

i

VB;

>31%

•

04%

04

v

*52

-53 3

*39%

*123ya

;

>25%';.- 26-w
*108 '

" 108'4/,

*108

41/

;

Shares,

15%

15%

.

21

.

:>! 30.,-:.

30 Va

>;

;

NEW

the Week

t per share,

131

> 20%

v2o%>;

26'%
30'

,

277a

;

><•*52%53%::,/.

V *

:/

>30%

>/ 108% >08.%'.y,
108'A
52%>53 Va/
55 %;>■

'53

."

.

28%

29%;

28%
'*108,
-

*123%

*123% ,131
>
C.21% : 21%

"

■

Sales for

■,

Dec. *11

153i

>39%>

,41

*3934

.•

■;

Friday

„■

share

"153ai

.16%

15%

15%

.

Dec. '^0,

s

$ per share

.-;

RECORD

PRICES

,v

t-per share

Sperstyare,
16'/a * 16% "i

v

SALE

HIGH

Tuesday

$

Dec. J 7

Dec. 15

«,

AND

3083

,;■

Dec

> 39

Nov 28

17%

Deo

96

Dec

25

;

Sep

"

> *39%"

39"

55

3%;

:

■

41

*127%

18%, 18% X
*67
* 69>>19>>I9%/£1
132

*130

*130

74%;' 74% .'
9%,'

•

9%

; :.:45.%.

.

172
'

.,

/

'■

66

:/'

661,4

/

403+
'

57

64%

Va

18

;*19

57 />

>

57

*56Va

"56%

■■■-

131Z

*129-

>

*129

57%

:

.

59%
*107

,/>

■

45 3/e

45%

29%

29%

297a

73

72
k

9%

.

45

:

72Va
8% /■/9->:

:>.:>

73

9

:/'/

s

44

44 %,

43 Va
172 r

•'

'

23%

20%

27%
10%

10 %v

/.

12.%*, 12%
*113/.

114%

*171/4,

17%

*37%

38 %

155,;

27-

10 7
12,

10% >

■'

10'

17 Va,;

37%.:,.
30%;

30%,

30%

45

46-

43%

15%

15%

14%

43Va

175

67

"los.v^

>22%

67%

63%

62%

*106%

108%

1541/2

22% »3%
20%
>/ 20%
." 27
27%.
10 V
10 Va

16%

110%

r

31V*.
51
'

311/4

20%
'

26%

12>/4

12:

671%/:

12

17%

18Va.y;

38

16%

37%:

38: ,:■/,;

A

»■ 28%

29.,
44'-

44%

15%,

15'/a

110Va:

*107%

15Va.
110%,

*109

.

10 V«/

v

15.

•

,

1714

/

29

*108'%

10

10 Vic

3,200,.

28 >

.,

37% >
28

;

-

.:/;•/

>

:»45%, 47%.

15%

'

15,.

.

IIOV2 :

»

15%;

51%

>

>95,'

*91

v

-

*21%,
56/ >

56%

101%

20%

;

10%

20%

.

'

;i

lllVa

"88./:

108./

21%

*20%

21%

55%

55%

;

56%

9%

.

2OV4

10

108

10 %
30 %

29%* 30%

30%

32%

30%

72%,, 72%

70 y4

72%

37%,

40%.

/

40%/ 40%
68%.
68%

.

V

.

>

*56

57%

*61%

63

.

V

33%

■'

*55

61%

12%

12 Va

13%

;

44

133

>;

53%

28

28 Va

27

28

64%

>
.

64

6-

64

,

211/2

45

52%

27-

/•

21%

64

521/2
,

*27

22%';

>

34 V

•

-

;

4

*101%
22%

39%.

6a..
34,

'

40/,

20%."

>>

10

31%

70%

f

39%

>

:

341%

"34%

57

58.."

'62.;

61 Va
23

•,

20%
13%

...

>

52'/2

53

*27

64%.;,

-

>f

!/■

221% /

20%.>

>/ 12%,.

,

'

131%

143/a>,

/;• 45.

45

53

7,500

27'

1,700

*62%
*

104%

pfc 22%;. :

No par

$Cent RR of New, Jersey

100

Central) Violeta Sugar Coy

64%, >'
Va,'104 Va '
22'%/ 22%-:

120

102

70%

/

70%

/-

*68%

205

105

*102,

70%

*i9i:,

*102

*60;

205,

*102

105-"

*102

112

*112

113

*112

*60

63

*60

110

110

*108

Ill

*100

101

QQ

100

57%

112%

112

63

*56%

>59.v
*108
-

59;

38%

38%

37%

39

*50%

51%

497/a

49%

*155

158

155

*176

180

*176

,

*99

For

63%
footnotes

*58




*99Va

V2.>

59

*191'-

20/

2,900>

205

105

*102r

105

*112

112%

*112

1123%:

60%

"*107%
*99 Va

102

*57,

59

6«y2)
109%

*68%

acq/.

58%,

37%

38

V*

371%

38

50 y4.

491/2

49%

49%

East HI

&

A

^>_,

155

63

'

153

156

*151

,

10% Apr
25

179

176

176

62%

62%

62%

62%;

-11

tr»

\

'• >

—.ft

Clark
C.

Equipment:

60 ./

2001

Cle*

5%.

& St
Loyis Ry., Co
preferred^—

$4^0 pfd—_..No

Graph Brqnze Co
preferred...:

&

Pitts RR.

Co

7%

58%

70

373%

7,900

Special gtd 4 Or. stock
Climax.. Molybdenum

49%

1,300

Cluett Peabody & Co

*151.

*175

155
-

62%

200

J 179
63

100

*

630

Preferred
7oca-C"ola
Clas*

A.

..

Co
.

—1

'Thel.

(The)

28

8%

Jan

Apr

20% Apr

Sep

15

Mar

28% Nov

30%

Feb

7

4%

Apr
May

9

jun

134

Nov

Deo

Nov,.

; 180..

8

Mar 28

33

.

3

Jan

Jani

.

4% Jam

2

29% Jan

Feb

14 Va

Dec

Apr

50%

Dec

:

18

26

Jun

5%

11%

18

18
18

Dec

Jan

July

9Va Mar
18 Ya Mar

14

Nov

Sep

463/4

27

4%
18

Jan

77/a Mar

Jan

25Ya Mar

21%, Apr
43% Sep

65 Va

July

15%

21 Ya

Dec

49% Jun

26>

767/a Jun
38;
Dec

26

37% Dec

10

16 Va' Jan

21 Ya July

59% Oct

15

38%

Jan

49% Nov

> 62% Dec

>4

47

Jan

-24% Oct

10:

13

Jan

19% July

17%, Jun

14% Dec 21V

14% May
1%. Jan

48

24

.

;

x23
-

2

2

Dec

:

5

5»

Feb

303/4 Nov

57

/Nov

6%, Oct

28

,

July

6

77%

Feb

98 Va

Jun

58

Aug 28

40 Va

Feb

30,'
.

Nov

140% Dec

20% Jan/, 2.
3X< Jam, 2
98/
Jan
2

Dec

14%

Jan

50 Va July
25 Va July

64

103./

9% Jan,, 27/

/■ '

Jan

11/
44..

21

74.

.

24

42V2 Jan

27%

14

17

33.

4

91% Jan

Dec
Dec

12% Jun

4;

Jam.

96

34V4 Jun

3

16

31% Deo

12% Jun

3

15% Jan.,

23

Jan

58% Oct

2

54/

Apr

23

7

19

22,

2

Jan

26-

Dec

1

66% Oct, 24
251% Jan 22

49;

Jan

17 V*

Nov

3

19 % Jam

Deo

57'.

55

5//-

19% Jan,

Oct

12%

37%

14

112

18/

.

Sep

7% Jan

114

25;

Dec

11

17

25% Nov

.

93>

Jun:19
Nov

May

NOV

6%, Jan

98-.

30

31Ya

Dec

96%

Oct

107/a- Jan

i

35%- Feb

Jan

2

170

Feb

20

186

Apr

19

148

Jan

89

Jan

28

105

May 15

70

Jan

90l,

Jun

par i

109% Jan;.

110)

Nov

115%

Jan

par

1
100

y

gtd

...50,
50

;

107

18

Nov

40.,V-

7

V'a Oct 30

49/'

Jun

19% July
July
4% July

100
100

C

El. Tllum

Olev
Clev

.No

;

8

15 Va

23

21

54% Jan 22.

.5.

—

Jan
Jan

16% Dec

Jan 22

:

11

17

Jan

Dec

47% Dec

24

nar.

129% Nov

July

32% Dec

5% Jan 22

City Investing; Co--—/—No paf>
5%%/ preferred:
:
yl00> :

Clty4,8tpres

i

151% Jam 22

No par

Jan

54

40 Vg

24,

24

.

106

Apr

:19> Nov
2% Jan

23/.

20 V4 Jun

:

6% Mar 26,

'

Jan
Jun

13% Nov 27.
115y4 Feb

47% Mar 27
^

Oct
Mar

22:

:■ 14Va Jan

l_

39

152% Dec

24

28V/2Jan
41V'

Dec

53/4

Jan

Jan

108% Oct

8

H'jjei

\

13-

ll%

Dec

Jan

Dec

Jan

par

Corp

491/2

/

>

Dec

65

96%
113

217/a Sep 21,
31V8 Dec
3r'

,

Mar 26

—5
5
.-25

C I T Financial Corp;

5%

30-

2

5

/

4

—

Ohrvslp'

37,

y4;

155

*176

200

190,

2

223/8

44%
31%

8

No, par

_

11

25% Dec

Jan

14% Jan

RR Co.—--No par,

'

13

66% Dec

Dec

33 Va

33,
Apr
143% July

10

,

O

«3

*56%r

403%,

180

>

*99,%: 101

37%,

62%

70

*107%'. 1091%^

101

49%
155

3091.

61

70/

205>

37%.

"176

page

70

'

112%

*1071/2. 109.1/a

59>,

180

63%

,

61%

102

155
.,

63%.
see

62

205,>•
-' 105

*191
*102

70 y»

>191

109 Vi

ya

'

f3%.

*69.

*191

105 ,;

*112

57%

70 Va,

205
.

71':-" NOV

*

Deo

Dec

Jun

4-

15

Dec

1

Chesapeake Corp of Va.
Chesapeake & Ohio Ry.

JO

Dec

159

.

No

8

48% Dec

11%
54 Va

119

56 Va. Nov

5

Cenjtury* Ribbon Milla-—_—No par.} / 10%
Cerro de Pasco. Copper..*—No.;par
,33
7
Product^
r__1
6%. prior preferred*
100 / r 108
Chain Belt Co..
No par
21J%
$4.50?, preferred;,,—
Checker Cab Mfg

Dec

%,.. Jan

Dec

17% Nov

26

Jun

Certainrteed

Champion Pap fit. Fib ■ Co

Nov

172

15

181/2 Jan

■

*191

27%

110

'".

—;

51 Va July

8%

13

127

.

12 Ya July

42%. Apr
6% Feb

33% Nov 27'

104% May 15

100

47%

Jan

;

5

Jan

3

37Ve Jan

35% Dec

33% Jan

97"

/10'

21 Ya July

23% Feb

43

"82%

»

»

>-49.'./ Dec

47% Jan., 22

No par

6

26

.

—No par

15%. Jan

Oct/ 2

135

22

Jan

Dec

12

20
Nov 17
Dec

Jun

7%

Nov

56

•

59% Aug, 9/
51% Jan." 2
35% Jan. 26

152*

.

No par

.

'52'%
27

:

-100/

,

12,300

>s
27%" '

—25

Chicago Great West RR Co
4.-50
L,
5 % preferred.—
50
116,900
Chip; Milw St PI P vtc
No par >■
Series A preferred,.—
54,200 >
.100
y
9,800,'
Chicago & Northwest'n ,w i.JVOvpar: ■;
5%
5,500 " r
preferred W/i;—/___y.._4.100>
1,100// Chicago Mail Order Co^
^__5y
1,600 y Chicago, Pneumat, Tool~—J..No 1 par.X >
200 4
$3 conv preferred.
No par,^
120
Pr. pf ($2.50y cum div.—No-par.
>;,. 900/ Chicago Yellow Cab
__No ; par. :. /
—10 /
1,400.,,' Ohickasha Cottop Oil
tChllds Co
-No par.j. u
14,300
40
Chile Copper Co
23

131

52%

.> y

Jan

.

Nov

1%

May

6

13

Dec

21

Mar 26

21/
'

5,600/

>128%

•

22%:

62

22Va/
20%,

>'

's62.%/,. 64%>
•: *1021/2

104 Va

f.

:

57"P /:

*6L

,

*45'''"'. 46%

35

*55

62

"20%
21','. ,
12s/8> 13%130

133%

••>34'2

:*21%;>22v
.

■68% >
3334.
34.
>

-

35%

*56

%,

67..

-

32
,

>72

■

5;

'20Va Apr
Central A^uirre Assoc.
:
Nonpar
'5:
Central Foundry. Co^__'
41% Jani, 2.
—1\ 1
Central: Hudson G; & E Corp.No par >.
11%. Nov 23 '
Central- Ill Lt 4%.% preierred_.lOO.k
109% Jam 16/

Chic

4,500

57

%t Jan

19 Va Jun

2

Jan.

52
May 26
116% Jam 2

1

2d preferred

■f : 9,500 /
4,900 /
>

29%.

39

>

100

: '

70/

.

'

". 68%

600

10,600 ;

9%

30%

70%:. 711%,

35%^..

27Va

*62 %

•.

104 Va,

31%/ 32%

.

45

132%

52%

*10iya

22%

20V2
/ 12%

45

63 V2

Xl01.% 101%

23%

56%
*21:' ' >

133

27

i

35%

-61%

.

12%,.

/

130%

*43

,

52

105v

]

20% i,

54

23%..

/ '

,

22%;

20%

40%
68 %k

681>
341/4

61 %

21%

20%

72%

39'%

57..;

21%

53%
*62

34%;.

10,

in 1 /

32%

1,200 /

:

20Va 4
55'%-/

,

-

30% July

5

45% Oct., 9
56

13

,

400

//;•

'

.

63...;-:,,
/

;

44

134%

*102

34

21%,

130%

46%.

,

33%

58/

T
-

71 Va

68%

20

>

13%: 13%
•44

34,1

*61%

,•>>,

22%;, 23

33%

67%

>

400

701

•

IIIV2

91%,
90/,- >/; ../ 91;
> *20%:; 21% >
72
2lVa
20%
/174
.//nSlA.,' ,SR7/o"/;,
55%.
55%; 55%
»55%
101/4
9%
9%.
9%.
21Va. 20%; 20%/
>>20%
9%
^78,
y*/8
9%1
9.%
10%.. ;
f
"
3Q% v.'
29'%.
29%: 29%

32//

■/

51

*110.

,,

.

10

32;

50",

-

.

■

30

70%; 71%
38%; 40%,

•

r

33%

*55.

*21%- 21% >:

'134%

68r;

33%

35

35

10%,.

110 v

b

9,100;
>19,000,

30%,

,

'

9%

,

't 66,./;

*33%; 35

/

10

20%

9%
X29%

50

110;-:

*29%

>91%/96

*20%
55Va

2L»

%„ 10%
31
32%
32%

10

30%..

"'49V2.

111%,

,

90

%,

*29%/ 30% >

.

50

50v
*110

92

10%
20%

9 Va

20 7

v

-

50Va

*110-;

89/ K ?./.

*20%.
55%,

22

*49;,

112

_

89

29% ; 30,

30 Va:

50

49

*110

112

*110

*29%

500

.Tan
Feb

128% Dec

.

5,300-!

T

<

36.1%

____—

:v

4

10% Jan

5$u preferred —————20

8,100,

24%
53%

32% Nov

-

8

48% Jan,

r—5
__10 -, '
50'

—a

Celotex Corp

114%/

;> 17%,. 19

,

A

123ii

Co

Caterpillar Tractor
Celanese Corp of Amer
$4.75 1st preferred

1,310

*112%

45%/ 46%
'

5,000

4,400;

12,'

>

■

,

Carriers & General Corp.
Case, (J I) C04—

7%

27^-' '27/ c*

■

11.4%

*27%

45%.

14%

<

4,600'

22 34

Steel

Corp

4%% preferred.

140

•■-*36%> 38,.

28%:

29,

3,200

155

Va,. 12%

i7.v4t;

>

,

8

/Dec

9Va Nov 28

24

Jan

•11

1

4

i.

Mar 26
Jan

47q

10;
.100

Ry

*

31

par/

A

Preferred

20% '• 20%

'

Carrier

130-

300

20%

>10,

"

62 Va

22%

27%

■"> *112 Va

44%;/

108%

23

27%.

12 %>
114

*112%

114%.

1,900/
3,200-/

ts

62%

>155

20%

h.

44.

31/

31/

Ohio

&

Dec

Apr 17

> 56

4 :

113% Feb

__25.
No,

Carolina Clinch

1,000,;

*106 »2

155

23

s

66%
>

>63%

108 V

>

./■:

*172-175

*106V4

155

-

7,700y

;; *834 i- 8% /

44

43%

72

•

20

100>>

Pacific Ry

Carpenter

"

t

.

,•

'

800.

r

>6 % Apr

No par

Cannon/ Mills

.

43

,

52% Sep. 26
IV* Jan
2

^_5

Co.

Capital Administration^ class
$3 preferred ,A
30

72
•\

9 "•/

154%

10%.

*35%

46;,
15%

108%t 108%

26%

/' '• 11%
*113...

16%

,

/

•

29

;

12%

*28 y8

153

20 y4
y

-

37%

/

'

Canadian

500

4578 '

28%:

72%

*172

67'a

63

62 % *
> 107 »/4

22 y4

114%.

*113/

;

57

Copper.

,—

Southern: Ry

3

■

1> *

Hecla, Cons

preferred

Canada

•

55,100

45 V 2

29%

/ •/■■ 9 :>■'£
-

>

45%

*72

v

9

175

671%

107
153

>

26%

•

/ 60

•

20 %

20%

27%.

63'

23%
20%

22 %

24%

$4.25
50

130

*128

45%.
28%

...

44%

Va

*172

172

67% / 67%

107%

*153 V2

355-

*153%

4.b00

>

>7% Jan

par

r_50-

Campbell W &, Q. Fdy
..No par-.
Canada. Dry Ginger Ale common—5

>
■'

653i,'
19%

*56 ye

131

Packing
b%- preferredCallahan. Zinc-Lead_

Calumet. &

1,300

18'4

17%
•>64-

18/'

64

/

•

130

-

'

39,300

40% >

40

*53 Va

'

*63% ,' 63%
107J/4.107y4

30

*127%

58..

>18%

18

17% .'■17%;

>•

■46%

V; 297.

67%

67-/.

183i

18%

130

46%

•

*170/r

68% \f> >

4012

8%

,T

30

*127%. 130,
*55.:-

30

15,500

"

72

71/
.9.:

40%.

» 8 V;

30%

>30/

> 58 '

*55

.

87a

'

30,

43%.

45%;

172
68

>

69

8%

2,300

> 54»4v 54'4 c
3 % /•:' 3Va

55 >
3%

130.

*1271%

18%

*56%

48/

28%

,,

17%

130 >

47%

30%

30 Va.

130,

39
.

3%

30

.

/ 58

>

17% >18

132-

■

30%
40%

*66.*.

57%

*56' r

>

/

68.%,,
18%,

17%

49

*48.

r

29%

*55

ia% /,

> *65

*56>>57%'§>

/

8>a

"127.%

53:

39*54%

9"

9%

39% > 40 Va

41%.
130-v "

>

3%

33a

29 v4

;

40%

17%

•5434-

»

3%

8%

30-.-

'56

39%

5434

55

3%

*127%
■:

56

39%

39%

39

*54 %

,,,

9Va

29%
>

.;>.

3%

8%

130

56

55-

3%

3% >:
9% >

3(k />
41% >

30/,

40

*54 V4

40% ""

*54

No

par

No par
100
—-.No

pat

No

oo»

-

44.

Jan

72Vb Dec

115-

2.
22

106% Nov
93 % Jan 1

68% Nov

37 Va

Apr

3/

100

Jun

30

92

Nov

28

52% Mar
207/a May
34%. Apr

5

59.,

2

Anr>

;

16.

35% Jap

May
59% Dec

3

110% Apr

34'% Jan

130

17

r;

53% Jan -17f

140

Oct

10

-

,

41% Sep

3

53 Va Oct

16,

106-,

51/
185

Jun

45%

Mar

109

Jun

96

Deo

Jun
Jan

-

53%

Aug
Oct

38% Mar
39% July

9

155

Dec

17

14P

Fpb

152

July

31

183

Oct

6

111

Feb

146 Va

July

72

Nov

8

59% July

67%

Jun

1

Monday, December 24, 1945

COMMERCIAL & FINANCIAL CHRONICLE

THE
3084

STOCKS

AND HIGH BALK PSlOla
Wednesday
Tuesday

LOW

Monday

4»tari«r
Dec.

15

there

per

*111

"111'

113

nvi-.nva
.

39

<

47%

10;

3 7 Mi

:

24 Mi

119%

118%

333/a

333/4

33 Ma

..

33%

33%

4£Ma

43%

34 Ma

35 Ma

-36

7

107

33
3/4
36% .'36%
32

41%

113%

114%
397/e

14 Ma

109

'

110

"

"

t

41%
26%

*53

;

18 Ma

62 Ma

<

62 Ma

35 Ma

*35 Me

*198

12

35 Ma

11

108 Va

33 Ma

32 Me

32

38 Ma

38 Ma

38 V2

*55%

54

.52

52 Me

29%

,;

29 Ma

109

109

*120

124

*.11°

40 %

"iOVa'

-

'

373/4

Mr; -37

*106

106 M4

*106

'

:

*

./

25%

*99 Me

V '

•

53

22 Me

,*73%

s

/

*124 Ma

35%

-

130

52

8
28

*124 Ma

,

36 Ma

35 Ma

29

.29

3.500

*106%

107

110

47

52
'•

•

107%
124

"

7%

*124 Ma

35%

35%

130

f74
■

;A; 27Ma

357/e

35%

35%

/

90

700
.

41,000

6,500

1;?-:

35%

35%

.

lnc__;—

Press

Cuneo

.

1,700

7% pfd

Dec

5Ma

Jan

9 Mi

Dec

26%

Sep

33 Me

Jan

16

24%

Apr

3IMa

19

-12 Mi

Aug

8

38 M«

Feb

-

10%

2

19 Ma Dec

6

53% Jun

28

9

26% Dec

8

643/i Oct

15

38% Oct
Dec

Dec

19 Mi July
Dec

48

13% July

Jan

15
21

>

107

18

6

6

24

25Ms

July

10Mi

Jan

32

Dec

Feb

39

Aug

15%

Feb

22%

Dec

Nov

•353e Jan

2

87 Ma Jan

2

52

10

7

.

21

Nov

Jan

37 Mi Nov

Jan

89%

Dec

Jan

29Mb

Dec

10

•113/i

Feb

19 Mb

Dec

112

Jan

28

27

Dec i 6

Mar 26

29

Dec

X150

Aug 21

16

.,

Jan

29

25 Me Jan

2

51

Nov

1

Sep

Mi

13

Nov

19

Nov

102
51

Sep

29

Jan

19

r

2

Jan

31

•

Oct

8

Oct

5

9

24%
154

6

22

%

29 Ma Mar

Jan

Jan
Jan

3~0Mb ££c

:

109 Ma Nov

14

75 Ma Oct

Mar 26

'59 Mi Jan-16

22%
•

101

Dec

51

:

Dec

144

16

{108 Ma

10

July

:

69

20 M2

Ma Nov 20

111

42

25

9

Jan

273/i

Nov

122% Apr

jun

20

11

30 Me Dec

22

Apr

273%

12

112

:

Aug

Feb

14

124

29%

5

1Mb Jan
18 3/i

Dec

53

19

105

7 Mi July

Jun

41

26

.28

Oct

184% July

57 Mi Dec

.'

Oct

100

61%

Apr

8

106 Mi Dec

145%

Apr

Dec

17

34% Dec

2

July

Jan

.0

108% Dec

Jan

July

57

•

173%

3,,

Mi Dec

Jan

5

-

,7% Dec >4
43

Jan

203e Jan

15

Ma

52 Ma

Oct
Dec

Jan

44

Dec

52
25 Mi

Mar

15Mb

13

71

;

Mar 26

110

47

199

•

4

49 Ma Nov

100
No par

49 Ma

Jun'

10
27

16

,r

5 Mb

•97

41'

fl'Me

Aug

/

Apr

140

Aug
July

61%; Dec

Apr

'

—

Inc.

Cutler-Hammer

4 1Mb

Jun

13Mi Mar

Dac

55% NOV

37

Nov

19

- 30% Oct

17

.¥'• 9

.5% Aug 20
2

18 Mi Jan

——<-—■ -——r-ul,

A

Class

43~Mi

Feb
May

NOV

28 Me Dec

.

28%

Curtiss-Wrlght w—
■r

Dec
Mar

44 Ma Nov

5

24

j'(.>' 4M2 % preferred^-tt—.«i—___100
Cunningham Drug Stores Inc^2.50
Curtis Pub Co (The)-i.
NO par
$7 preferred
———No par
Prior preferred-—1-—No par

Cushman's Sons Inc

*124% '130

130

*124 Ma

7%

27Mi f 273/4

'

16,300

73%

-

7%,v

8

27%

preferred——

-10

10

59 Vi Oct

99 Ve Aug 22

«

10

20

'•

2

Jan

Nov

43

r

5

—3flT

•

.?■

•32 Ma

-

12% Jan

.^_1

—100
b

;146

-

16

47 Ma Feb

6

preferred——

100

21%

;

73

....;73%

"

21%

,

; *144

M.V: 7%

8

283/8

28

>

22

2

30

Packing Co—

51

.,*48 Ma

50, ;

148

3

Dec

'

29 %

5

10

52% Mar 27

4Maf&

800

19

2

7%

.

Sep
Dec

6

Jan

8% Jan

16% Aug

Cudnhy

35

50

49 Ma Jan

300

'

112

Feb *'/

7% Oct

17 Ma Dec

29M2 Jan ' 2

Cuban-American Sugar

24

Jan

6

113

29% July 27

—100
-,-100
——10
-100

Aug

20

20

'...

3 Ma Jan

preferred--——
Cuba RR 6% preferred

Dec

•

Nov

108

10% Apr

Co

5%

Dec

25%

102%

17

17% Dec

-

46

<•

2,600

-.106%

5

•

6,900;

;;

6

8 Mi Jan

25% Jan

i

100

*106

•i

820

'

•

45

35

.

•

25%

Ma'.

"100

Me

36

'21%
*146

v

743/4

«74

"■/■

100
•

"'«48Ma

22%
148

148

.44

/ 106%.;

*106

<4,700
400

.175

*345

/

-36

■

106 3/8

38 Ma

25 Me

25 Mi

"lOO'/a

100 Mi

"•■;.

38 Ma

46 ;

j

'

47

*109 Ma- 110 Mi

■175 ",-p

,*
43-.,;.

424

:

M 46Mi

.

39

*145
■

*120

47 Me

110 Mi

24%-

26

;

■

46%

52

*48

>

20

20

'107 Ma
*120

•

Ma

36

'.-21%

130

->

1,100

46 M4

106%

743/4

73/4

52

175

Vf 36

4

'

22 Ma

27%

52

39

147%

>74 -

>

/-•:■

52

393/4

100 Mi

r

21 Me

28 3/4

1,700

*110

lOOMa

147%

•

•

8Ma

27Ma

2 8 3/4

*124Ma1: 130
3 6 Mi

74%

T3A

*

1

*48

•

/•:

GOO

54%

110 Mi

46

1063/4

'*106

3 8 Ma

54

Me

23 ;

.

400

38 Ma

124

47 Ma

*145

37

37'

37-

31%

*31

54%

*109%

47

200

38 Ma

...39 Ma
>
25 Ma

26

*

Oct

20 Ve

Jan

6

Feb

Ma Nov

106% July 18

100

32a/i

Jan

12

Dec

40

—1

——

Jan

24

21

115

933i July 30
2
3?% Jan

Oct

13 Ma July

18 Ma

:

21

24

-

103%

Jan

-11 Mi

Mi Dec 10 t

/ 45

25%'Oct

7% Jan

.,

26% Apr

17 Ma Aug 21

4% July

V

Feb Z

2IMa

102%

37 Ma Dec

common-——25
3%M« preferred
—100
Cream of Wheat Corp (The»_
2
Crosley Corp (The)
——No par
Crown Cork to Seal
—No par
$2 preferred ———__—No par
Cr n*r«
Corp
8
$4.20 preferred —
—No par
$4 2nd preferred
No par
Crucible bteet of Amer
No par

______

Refining.^

——

<

t

10

33M4 Dec

2

108 Vi Jan
;

commori.. .i_5

Inc___——
Internat Corp

Crane

10.9

45

24

25% Jan

Dec

22

/

17 Mi Jan

2

preferred

Products

17

109 Mi May 23
.*■■

2

Coty

32 M.

2Q%

175

46

*106 Ma

' 7

Jan

5,900

38 Ma

1063/4

*120

1093/4
40

*145

:

lOOMa

-21 Me

153

39

:v

147%. 148 A

73%' /•74
8MB

"i?1-8Ma:;
'■■<■""
283A'

/'

107%

Sep

11-

34 V* Nov

2

$8 Mi Jan
182% Jan

Coty

*31%

?°%

;•

47

.

1093/4

106%

*48

23

*148
■

•'"»

53

22%

*48
*

46

'

46

*99

*37

123

-

38 3/4

39 Ma

Feb

-25

6, GOO

:

6%

;

Dec

3 Ma

Nov

7% Dec

—

6

4,100

*53%

52

52

■

e%
39 Mi

Dec

31

101% Aug

3 % 7o

39

106 M4

:

2R7/e

108%

*120.

-

175

46.

*47%': 48 Va
100%
*100

?R%

+

26

X243A
*145

175

55

55

;

39 Mi

20Mi

Jan

.100

Preferred

Dec

Jan

30

170

Nov

2<;

20%

Jun

Corn

6,800

55

*38 Ma

52 3/8

52
-r-

40 3/4

-40M4

"

27

263/4

~

*145

39

;

63A

.

Corning Glass Works

200

'

.

'11%,;/:; /

107%

40M4

66%

11%-

6%;

4.000

200

-2( Mi

Feb ;

121.Me

2

11% July 19
31 Mi Jan
3

-10

1,040

;.■■;• "

107

■

65 Ma.

*197

Dec

Jan

Mi

8

1

5

8,500
!-

9iIs

7

Copperweld Steel Co
-50
Conv pref 5%
series—
Cornell-Duoilier Electric Corp.. .^-1
Corn Exch Bank Trust Co_— _20

2,900

34%;

107

Ma

66

"
'

;

J Vb July

Jan

24%

8 *'

Nov

Feb

39 Ma Oct

.06

Cooper-BessemerCorp^^iAiNo parV
$3 prior preferred
—No par

./aa'

48/

Apr

%

50

—

:

13

12

24% Jan

•

10

34 Vi Nov

2

Jan

14%
79

r

'

__1
Continental Motors——
5
Continental Oil of Del
—
Continental Steel Corp_„—No par

500

1

3% Mar 23

Continental Insurance—

5,200

.

13

'

Dec

29% Jan

_ia
Natural Gas
—1
Aircraft
par
$1 25 conv pfd
No
100
Consol RR of Cuba 0% pfd
Consumers Pow $4.50 pfd—No par
-20
Container Corp of America
Continental Baking Co
No por
par
$5.50 preferred
No
-20
Continental Can Inc
$3.75 preferred
No par
Continental Diamond Fibre—— .._5

6.300

10

4 Mi Nov

.-

97 Ma

;

26Mi Mar 31

2,900

■

60Ma

34

197 Ma

•

25 Me Dec

124% Dec

22

Consolidated

J

•

2

Mi

16

2

,

24

Aug 31

28% Jan

'

Consolidated Vuliee

300

:-'V

52%

60 Me

106

,

v'A:ll%

63/4

"107Mb 109
/ 32
32

*107'Me

110

110

111
,

523/e

47 Me

46'

-

39%

32

54 Ma

123

*120
-

47%

'4 7"'

6M2

-

66

.197 Ma

;

-

1,900-

2,500

52% Nov

•

7'

■

Jan

89

—9

Laundries Corp__

Consol

45 M» Nov

J

Jan

15 Mi

«

No par
——.5
No par
No par

Coppermines Corp
N Y
$5 preferred

1,400

233/4 •,23%

,

34%

34%

105Ma
■

66 Mi

11%

11

6 Ma

;.

200

*197

11

*31

■;

108

-

106

64%

•"

'i,

*38 Ma

%

29 Ma

>29
*105

35

40

55 Ma
-

52 MB
'

34 Mi

?

109

38 Ma

56V4

60 Mi

60 3/i

*105 Mi

66
199

39%

:

Mi

24

59 Ma

:

105

6 Mi

108 Va

108 Ma

*oisMa

*107

23%

60

34%

*107 Me

41 Mi

24%

61

Consolidated Cigar

2,100

18

17%

18

Jun

8,700

54 Ma

*52%

■Ut 24

233/4

10 3/4

};•

17%

52%

*523/4

•<

-18 %

383/e

*53 Mi

54 Ma

Mi

17 Ma

*52%

53

Jun

30,200

27

52%

175/b

17 Mi

M.

*53

54 Ma

*53

54Ma-

65

■/',

6M2

39%

V

-198

12

6

4113/4

4IM2

i

-•

202

■

3/4

27

105

•

-

'

38%

27%

34V-4

'

66 Ma

*198

y-

38 Mi

26%

593/4

105

66

12
6

61 Mi

34%

'

6M'8

25

*104s/b

205

38 Mi

28 Me

23 y2

,"v

23

•

40

*52 Mai

43%

39%:

27

17 V*

Me

18

66%

tofr

40Ma

39 Mi

40

>

26%

Dec

Jan

43,600
2,400

18 Ml

41

39 Ma

40Ya

37 Vt

17

-

553/4-.

17%

40 Mi

*53-

53

53

I

15 Ma
5 5 Ma

18 Ma

41

26

Jan

13

116 Ma Dec

2,800

i6
55

173/4

*37 Ma

6IM4

105

*1C4%

Ma

39 Me

53 Ve Sep

4

41 Mi

11 ;

5 Mi Mar

2

15 Ma;

15%
55

55 Mi

•18%

18

Nov

24

7,900

40

55

Dec

3 7/a

Dec

,/

17%

16%

16

r

/

'

17 Ml

rV/-

Ml

25

24%

16 V*
56

3 5 Ma

Jan

:

110%

•.

Jan

Ma Jan

443/i

44
*110

110 Ml

25 Me

39

110

*108

45

•

40 Ma

26

*52%

-

53

-*52% *

,.

40

53-

■'

*'

44%
110 Mi

14

47

200

•

Nov

50

•

110

5.900

•

-

Mar 27

Feb

■

163/4

40

25 V*

r

18

.40
VV

54 y2

*18 M4

16 Mi

■

15 Me
557/e

•

-15 Ma

Dec

31

Deo

/

38%.

15 Me

353/4

23

V

38 3/i

Jan

Apr r

;

37 Ma

153/4

'•. 110

*108

45 Ma

110 Ma

45*

•:

"i-J

'39 Mi

'

15 Ve

111

*108

'*110

110 Ma

*110

-

Ma

56

39M4

18% '18% *•
40% '
40 Mi

155A

26 Mi

15

v/'y'

.

14

1,300

33%

38 Ma'

50 Me Nov

Jan

>'

114 Ma

Mar 26

Deo

21

'

41%-

-.114 Me

V

Deo

31

Ma

93

Consol Edison of

37

40

115

38

39 Mi

15%

.

■

16

n

Deo

27 Mi

Feb

Consol

37

37 Mi

38M4
114%

40 Mi

38%

45 Ye

443/4

'37 Mi

37

114 Ma

30

Jan

70

-

18 Ma

29

Jan

13

1

16,200

•<

Jan

12%

20

17

700

32

'

,

ll%

20

46 Vi Jun

3,100

41%

Ma.

33%

19

46% Jun

2

Oct

27.800

18 Ma

19

42

,32%

114

15
110

*107

*■

110

,

15M4
56

"

Ma

46 Ve

44%

.

19

41 Vi

33 Me

,"393/4
I

383/e

14s/8

19 Ma

V 50% Jun

2

107 Ma Oct

'

107 Mi'

23

2534 Jan

27

6%

•

Jan

28 Mi Jan

-28

Jan

32 Mi

107-

•

Sep
Deo

Nov 23

31 Me

.

107 Ma

107

433/8

36V4

-

393/4

*113%

114% Vn"

;

114 Ma

*106%

16 Ma

25 Me

38%

32Ma

317/e

,

107

116

84

6%

6%

•

36

-5%

,

1,700
8,700

V'

109%

10

—100

1

43

42 Ma

!!

9

18% Dec

115

Co.. (new)-No par
Columbia Pictures-—.—
No par
$2.75 preferred—
——No par
Commercial Credit
-10
$3.60 preferred —
100
Commercial Solvents
.—No par
Commonwealth & Southern—No par
$6 preferred series—
No par
Commonwealth Edison Co—
25
Conde Nast Pub Inc
No par
Congoleum-Nalrn Inc——..No par

v

'

Jan

Nov 23

Columbian Carbon

.

43

32

-

.

35 Ma

35 Mi

:

•

37.

56 Mi

*40 M2

40

15

'

110 Ma
■

35 y2

Ma

18 Ma

32 Ma

-

343/8'

43

43%

31

39

'►

•

<•

19

42%

38 i

157/e
46

16 Ma

18 Mi

32 M4

:

32 Ma

32

106%

107

42

333/4

6Me

>

7

6%

32%

31%
107

19

•

114 Ma
-

•

109

56%

63/4

37%

*

-393/4

*110

6%

34:.

-

45-MB

42

30%

'

>"•

41Mi

■*15%

43

■

A

'

*106 Ma

43

43Mi

18
-'

433/4.

••

43 Ma

42

Aug 24

14

preferred

335/e

.

110

>

Jan

11,000

-

Deo

38

6-.

76 :

169,300

120 Mi

33 Ma

34%

34

42%

193/4

193/4
43

34 Ma

*42 Ma

107

107

"

•

34-

32 3/4

31 Mi

^

32% * 33 y8

*41 Ma

43

34 Ma

-120%

33 Ma

Apr
Feb

20

23

300

•/
■;

43

333/e

33 Me

3 ;

.

Jan

25%

8

Dec

50Mi Dec

2

110 Mi Nov

1,700

23 Ma
-

Dec

105

24

2

5,600

115 Ma

27/e

V

"

23%

-49

2

-

34H8 Jan

90M4 Jan

'

33 Me

119

119

*41 Ma

-

3
1203/4

Highest

•

$ per share

—100

52%';

22 Me

23 Ma

2%

34 M*

7 Me

6%

43

*41 Va

.

44

42 Ma

44 Me
7 Me *

Me

107

■

119 Ma

3

44% y

36

V

120 Ma

22 M4

V-:

•

preferred series A

6%

1,400

40 Me

115 Ma

119

*115

3

"

Columbia Gas & Elec—•— No par

51,400

'■y

47

46 Ma

,

Year 1944

share

per

11% Dec

60

39 •,;•

47Mb

$

share

per

2

2,400

52 Me

47M4

233/4

0.2.%'-

■>.

;

•

101% Oct

par

2.50

—

$

4% Jan

38

*517/b

*51%

119 Ma

23%

23%,
2%

33%

33%
*42

,

10 Me
108 Ma

Class B

: 100

107

40

52 Ma

*115

116 Ma

23

-

.."

38

47%

2%

2%

119%

122

*120Ma

-

116 Ma

22 Ma

60

1,900

...

*105

38 Ma

40

40 3/4

47

M4

300

47

*

10

106

38 Ma '

230

'

38

108 Ma

109

106

38

*51%

48

108 Ma

•

106 Ma

— 40

53

10 Me

/

,

.47

,47

,;*46

46 M4

■

31 Me Feb

par ''

preferred

conv

pef' share

•

Lowest

-

'

par

par

Colo Fuel & Iron Corp

~10,300

39 Ma
38

:

No
No
No
No

100
new__No par
Colorado & southern1
100
49W
non-cum 1st preferred—-100
4% non-cum 2nd preferred—100
Columbia Br'd 8ya Inc cl A
2.50
6%

16MB

*

*36 Ma
-

10 Me

-

"

Ma

40 M4 >41

116 Ma

116 Ma

25
3 Ms

109

373/4

38

47%

-

Oollints <» Alkman

1,100

46 Me

16%

37

Mi

170

113

*38M4

39

46 M4

10 aA

*105

37 Ma

47Ml

v.

48

47 Me

•

120

24%

V-lOMi
109

*517/e

53

;

3/4.

47

47

*46

105,

37

—

42%

41%

*51%

48%

48%
*116 Ma

*44

:V;;-

,

53

*517/e

3

38 -Mi

•

109

109
*104 Ma

105 Ma

37

463/4

10 Ma

10

38
47

Ma

47

*46

'

-

110

104%

38% *
42%

42%

—:

38

.

46

: 46 Ma

;

«

10%

*109

105

38%;

■

40

*37

39

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Lowest
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STOCK

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11

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26

160

Raynolds A new-—12.50
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Diamond T Motor Car

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10
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50
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100
Dunhill International
1
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Du P de Nemours (EI) & Co—-20
#4.50 preferred
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Duquesne Light 6% 1st pfd——100

6 Mi

Jan

13 Mb

Jun

10 Mi

Oct

109%

Dec

113 Mb

Apr

21%

Jan

4 1Mb

Oct

4 5 Mb

Jun

47 Ma May

5

36 Ma

Apr

40 Ma Dec

12

32 Mi

Apr

Aug 21

33% Dec

Jan

57 Ma Jun

12
18

17%

19

17%

Jan

22

34 Mi Jan
1

7Me Mar 29
21'

Jan / 2

67

Jan

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Sep

25% Dec 21
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29

"

Oct

307/e

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Dec

11

9Me Mar

57/e

Jan

18 Ma

Jan

21 Mi

52

Feb

05

Oct

28Mb

25

25% Dec :> 5

31

Jun

35%

Dec

Dec

Nov

45 Ma Nov

4

82

25

109

16% Jan
Jan

17

Ma Mar 26

47

Mar 20

38 Mi Mar

Nov

48

2
Jan 22

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9

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49Mi Nov
2
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34% Aug 22

100

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Jan

Dec

28

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39% Mar 29

No par

Mines Ltd—

Dome

33

38

Doehler-Jarvls Corp
Douglas

16 Mi Jan
6
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42

/ Sep

Dec

35
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Jan

17% July

Nov

x273/i

Feb

387/a
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Dec

Apr

14

15 Mi

Jan

203/4

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6

43%

Jan

49

Nov

27%

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56

Mar

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2

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10

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2

29 Ma Nov

15

Mar 26

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11

65

Dec

95

48 Ma Dec

21 Ma May

47

May

72 Ma

Sep

Nov

Apr

131

Jan

113

Aug

122% Jan

4

167% Dec

13

1143/4

110 M2 Jan

2

115

Oct

20

106%

Jan.

Aor

6

33% Jun

25

8M4

Apr

11 Mb

27

Dec

6

Mar 21

30% Dec

10

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34 % Dec

2

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10
9

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9

129

Feb

113

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6

117

Mar

13

Jan

111% Dec 17
12

155

Jan

112

143/e

Nov

Feb

20 Mi

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102 M2

Jun

1

123Ma

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128%

Dec

6

113

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1203/i

jan

14 Mb

July

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shares
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Power

orpfprrpfl

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39% Jan
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1,500

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229

Dec

12

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17

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Dec

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52

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7
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20

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114

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Dec

1374

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9

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135

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162

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9
7

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6%

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May

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5

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1

*

146

9

Jan

34

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13

Mar

118

100

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100

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19

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j

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11

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31

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13

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2

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2

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10

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5

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Nov

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Jan

23

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10

Jan

22

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29

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3

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11074

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7,

2274

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27

,

Dec

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20

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124

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Jun

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3

46 ya Dec

3
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19

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374 Jan.

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23

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12

Jan

1% Jan

124

Apr
Feb

May

123

7

25V*

i

'

July

140

125 "

2874 Jan

par

7%

22% pec

81% Jan

16

10

lOe

1,700

22

25

Oct

May 31

2274 Jan

-ino

10c

Jan

Jan

•134; ' Mar

Aug 20

.

Jan

5274 Aug 29

11474 Oct 25

par

_Na

127

474

1174

4974 Sep
56
Nov

1

19% Dec

674 Jan

15
10

29

36

24

j

1 54% Oct
974 July V;.<
161
Nov
•

Feb

145 y2 Oct

43 ya Aug 23

Equip Corp— _No par

preferred

Jan

143

11

Dec

172

17 1

Feb

40

-

^-10

par

Oct

V(

;

41% Apr
774 Jan

6

.38 74 Nov

27.% Mar 20

par

-No

>15

22

114% Jan 22
153

par

Public Service—

Gen

common

2774 Dec

2

Mar 21
Jan

19

par

No

5,700

;"'.;6

-T--10O

preferred—
Outdoor Adv
Precision

,'4774 Jan

.—100

conv preferred

Gen

:1l

par

General Motors Corp——

58

."'.■•I'W.r.?

1 12% Jan

1

No

Gen

l^o%

23 %

Jan

.No

Corp

-

2.200

V

Feb

51

.100

General Mills common
5%-preferred

1,600

Va

13 y«

15

400

—

700

20,100

10

15

8072 Dec

parNo par

No

General

*

I

Dec

40 V* Nov

.No
...

preferred———
Electric Co

if

2

par
—9

Corp_

General

Dec

2

49

preferred

cum

7%

Jan

.100

General Cigar Inc
7%

4% Jan

Jan

-ir

General Cable Corp__
Class A——•—

>

23

—

preferred

General Bronze

,

Nov

66

58

'.'■-.■Vt- •ti-ivv:

1

Baking—

1,500

rll

'tKli

$4.50 preferred 7——
Amer Transportation

6,800

:

»■-

■

86

_50

Gen

General

25,500
„•.

V-.-i

1■•1

*

.—0

.-50

;.

Investors—1-:

Amer

1

10

.;

1

preferred-

conv

.

•

70

i

-20

!

1

Gen

5.500

•

.

preferred

1
4 % % conv preferred—,.—:
Gaylord Container Corp.
■

80,400 .'V
100 V

.

.

$3

Gay Wood Industries Inc

i.-.i

1

-

•

>'

500

'

36

4V» %

41%

f:

173%
71 %

71%

*78

22%
105

8,600

1/

51 Va •

*106

200
•

153 Va,
36 %

52

34

>

Nov

300

34%.
10i/4
7

25

25%

24

%

200

6,100

113

2,200
39.700

;

3,000

Gold & Stock

Goodrich

Dec
,

Granite

Grant

200

32 Va

32% !

5,900

173 Va '

360

71%

*106

79

97

%

24%

75%

74

74

74

74

74

74

6174

61

61%

61%

61%

61%

61-74

12,800

7,900
/

160

11.000
800

5,800

City Steel
T) Co———:

(W

374%

preferred

Great Nor Iron

—

Ore

Great

Western

Preferred

9

26'A Dec
105% Dec

4

Mar

23"

"5174 Dec

10"

Sep

6

104 % Dec

20

2

4

,•

165 Va Jan

July 27
Apr" 20
July 27

48

40

1

53

102

,1
7

107% May 19

par

12% Mar 26

JSfov

74% Oct
105% Mar

>

15%

Dec

52

Aug

Jan

4V4 May
175

Dec

"Feb

>54%

Jun

Jan

104 Va

Nov

85%
40 1

25%

Apr

2%

18

V22% Deo

Jan

45

12
28
6

Jan
Jan

Jan

Jan

98

18

3674

Feb

51%

Deo

115

Nov

13

104Va

Jan

112%

Jun

39

Dec

6

8%

Jan

1274 Aug 27

'ly*

Jan

1

3%

Jan

•"•'I-

63% Oct

1

1
-5

5% Jan

2

4.74 Jan

2

18% Jan

3

No par
1—5
100

14 Va Jan

23

,33
Nov
21% Dec

25% Sep

18

105

18

21% Dec

Aug 20

65% Nov

7

Aug

5lA

July/

109% Nov

2

46

•1, 17% Oct

33% Dec

pfd—No par

Sugar—_—No par

Green

100
Bay & West RR__,—.—100

Green

(ri

—

17

May 16
7% Oct 18

147 Va July 2725% Feb

1

7%
69

11%

8

57

2

Oct

39

Jan

3% Jan

par

Prop—No par

Great Northern Ry 6%

11

Jan

No par

Grand Union Co

—,

Sep
14% Jan

28 Va Jan

2

161% Mar 16
64

Jan

20

7% Nov 28

19 Va

151/4 May

9%

Feb

;

Dec/

,' 16

July*

14 Va

Dec

25%

Jan

28.

24%

Jan

30

Dec

143%

Feb

163

: Nov

75

May 25
Oct 10

May

67

Feb

5574

Dec

39 Va Nov

175

57

17 Va

Nov

49 %

*

Dec

Inc—.

—1

52 % Jan

25

86

Dec

10

43'A

Feb

Greyhound Corp (The)—

No par

2274 Jan

2

x35

Dec

7

19%

Feb

100

104 % Jan

12

108 Va Mar

13

105%

Dec

24'A July
105% Dec

—1

28'/a Jan

24

55 Va Dec

6

Apr

32% Dec

12 Va Dec

8

Dec

8

30 l/a Jun

26

82

Jun

14

33

6174 Dec

19

42 Va

4Vi%

-1174

24

I

10,600

53V«

11 Va

3091.

600

32Ta

52 Va

24%

30

108

*94

>

7,300

Dec

July 30

90

25% Jan

par

par

46

110

21

-?'■ 52 y2

10

Granby Consol M S & F-—

1,200

11,700

-100
No par

Xlotors

Graham-Paige

3,500

5974

Telegraph Co
(B F)
—

19%

17

Co

2

15

.Mar 12

96

•:

1

$5 preferred
-No
Goodyear Tire & Rubb
-No
$5 convertible preferred—No
Gotham Hosiery
No

30%
109

50

Jan;

Jun

13 % Mar 27
>

No par

i

preferred

conv

107

No par

:

Goodall-Sanford Inc

30%

32%

11%
95

80

,5,300

Va %

26

111

8

10

'

No par
No par

tGoebel Brewing Co

800

78 %

53%

11%
95

3,300

1,800

17
7

-100

Safety Razor—
preferred

$4.50

105 % Nov

ft

Co

——

conv

33 Va

*67

.

109

11%

$5

Rubber

Glmbel Brothers———No par

4

674

104

Gillette

&

Tire

preferred

4,400

37«A
•56

70

General

par

—100

preferred
Glldden Co (The)_7

173%

1

33%

96%

300

9,900

No

preferred—

4lA%

58 Va'

1

80

32 Va

2,300

1

16%

.

59%
32%
173%

*94

11%

33%

,

2674 Nov 30

*10714

-17%

"

33%

♦106

537a

53

98

77

32

;

10874

*106

.

77

■

Dec

10

1

Francisco Sugar Co

19V4

19%
31

60

3374

Dec

2474

3
6

Dec

Apr

7

1,900

60 Va

,lJ

34%

35%

10

7Va
32 %

*102%

:i"" 59'

313

35%

36

v

CO'A

*112

16%

*78

1874 Dec
44

6>A Mar 20
47% Jan

Jun

42 y*

14

-

104

37%

71%

2

10

26 Vi

Jan

No par

1,500

1-1-1

115

.*104Va

50%

1974

*67

13

100

1874 May

34%

10

Deo

110

.*111

y

104V4

37'%
55%

'

•

.

22%
105.

35%

*107 !

-

49%

59 Y*

71%

167a Dec

3074 Feb

Oct

•25%

1,600

29%

•.

*38%

V

115

*104Va
-

17

."*67

-—7%

53

4

No par

10

Aug

•

V

41%

*110V2

60

71%. 1

3874 Dec

Dec
rJun

44

lli% Nov 20

July 20

41

57 %

109

Jan

6"i

30

'

29 '

I2«? ■'

36 Va

1674

*70

Apr
Jan

30

V

7%'

-

153 Va

*172%
7*67

35%

Nov

7

~

69%

173%

Feb

103%

10

60

Dec

•53%

'

18%

173

38%

3

Oct

16

107

Jan

!

Corp.__

5

110 l/a Mar

26
2

23'A Jan

70% Nov

Jan

43 ya Dec

■>'

1 41%

7%
v.'--3o•--•■.

i

28 'h,
28 " 17
126% 128 Va

:-:l

",M

-

111, 17,/

"•"'".-7%

57%

173

26''"

42'A Jan

>

2774 Aug

24

# ' 1

"

*172

45

Dec

108

Jan

Jan

211-1-

*140

60%

I,

17

Jan

;

25

220

' •>
3,300 '
1':-'% ?•.'>•' 2,000 •

33 Va

<•41 %

v,

41%

*140

107

63 Y* Oct

2

>

25

V

' 1

128

20 %

37%

*105%

17

•

Nov

'1';

73

153 Va

107

93

5

Dec

1074 Aug
32

29

131 % 1

*33

33

107

.

18

1.

;

Jan

69

800

46 74

71%
*

58%

17%

Jan

50

var

preferred

conv

107% Apr
34 74 Nov

22

24

Jan

16

32%

131% '

3314

30%

\

Jan

2174 July 24

5

3274

5

Aug
Nov

Jan

120" -V 120

74 V4

69%

10 Va

Power

No

10

Dec

27%

Jan

48

21% .1 21 «/8

1774

172

103

No par
No par

com

Co

8

18; Dec
74 Dec

59

17 %

105

Jan

16

•

48"
•

37 Va

714

(The)

32% Nov

;

19% Apr
171; Apr

53%

i:" "i'i

170

153%

10%

.

5 >
22

23

14741 Jan
100

5

1

■>138

69

35%

Co

Stove

5

•>

8

*

5074

132

*127%

6074

,7

:

17

974 Jan

__10
:

28

42 74 Dec

28 Vi Jan

100

^

2674 Nov

HOVa Oct

2

5

Mar 28-

3

i:

1314

>'

37%

34'A

Dec

.47% Dee
14% Jan

7a Dec

1,400

■

51

21 7';

7

60 »A

Jan

23 V» Jan

pat

Machinery Corp
Corp
1- 6% prior preferred

:

34

iljll 4674

-125:1. "W

<• -

73 ir-

17%

17

47V«

51»/a

3174

31%

*105%

I:,'•1> 32

i-'l 170

48%

48

60%

1

138-

1

T.

*15iy2

1
6074

Jan

33 y* Jan

80 ya Jun

V "

26 >1:

,

?,

:3374 '1

103

59%

.

30%

:

.

170

2574

1-'-.

112

34

34

32

172

5%

680

185%
■

yi;;. '• 1374

36%

112

Jan

974

;

44

:.

%

6874

*102

61%
112%

2174

11

24

59% * 1
13
'"''1-

'

104

17
28

25 74 Jan

.1—1

preferred —1_

2,000

109

■

153%

67.

59%

/

140

71

?v

•

!

127

Nov

20% Dec

17

165

Jan

"23 V2;i,";>'

1274

Va

r.,;. 50 :A.

134

104%

7

Dee

25

1

54'A

7 *108

27""

46%

51%

50 »A

37
*54%

Dee

6%

64 %

>

Dee

67%

;

59% Aug 20

f 82

*5874

•--•32';';

48%

7

17%

Jan

10

36 -V

.079

>

-

13%
34%

34 Va

*137%

*103'A

7

*110%

-ii,

19 74

36%

274

19

'A

13

*54

•

12%

13%

—

105-1-

105

6

7,

Foster-Wheeler

24%'

W- 3574

>

59-

7-25%
-

115

22%
-

56

6 %

155%

*102

v

.1074

107

108

a

'

; ;

3174

3574

68%'7

V'

62

36

141%

9% Dec

•

i

Food

86

{■>:«•/ 23

185%

170 I V

110

*111

1

8% Apr
9% Apr
31% Jan

;

Dee
Dee

«4% Auf
13 % Oct

Food Fair Stores Inc..

'

974

1214

53%
v79

12%

36%

*107

104

35%,

ll

104

112%

36

23

47

*5474

7

7

*153%

6974

7%

26%

28

*38%

105 %

I

>4574

56

•

41%
115

2274
*105

28

110

-.104

'

*105 Va

41

-

••'

104

6%

30%

126%

3674

*110%

48

*54

V

l:
8

Dec

1,700

1074 i' ":'

*80

68%

:

7%

39%

;

:

115

37%.-1 >;:y 36%

38

30%

*38%
3674

;

38 7

155%

774

27%

110

'

40%

126%

37

*103

31 Va

i:

7%
301

*27%

23%

7%

10%

-

105%

■%.

-

•140

"124%

56

*3174

:
*

22%
45

104

v

-*108
7

12%
384%,

6%

40 Va

78% Feb

17

1%

14
70.

1

2,200

'•"! 24% 124%

■:•••

34%

34

6'/a

39 Va

•

105%

-

"71

68%

ii36

59 %«

128 7;

128

7V-2 17>

21

34%

39%

*110%

23 7 a

73%

127%

34

28%

39%

48

6074

108% >

127

*120

20 ya Dec

2874 Dec

<

Apr
Jan

1,700

1974 1

> ■

IV * 24

•

7-23 Va

48

>*131%

73%

*20%

32
127

•7" 42"7

105%

'

12774

_7%

7%
30%

*107

4374 i 4374
115

51%
48

*140

*36%

*110'/a

*102

■'

36 7

-

32
.

46%

47%
127

6%

26%

;

4674
51

132

40%

124%

Z 110

*110%

36

-

7 7g

140

♦166

'/li 73" 1
-

34%

->

*138

17 32

•'

21%

:

138

•

:24-%-

13%

>

132

i

127

40%

2874

*54%
:1
7'/a

13

53%

"

36%

V

*120

135".

;

34

'

125%

•

—

•

-

13%

;>•

33

47%

1 74%

:

--

2874

37%

:7 26%

170

46%

48

*

125%

*103

55

713.5%

49%

;•

7

>

8% 14;8%
32 r'
32

'

184%

139

~

*166';

'

*140

23%

i"' 12%

;

26%'

2674

H. .32%

.

171' 21

674

.

*106%
■:ir 597

13%

,47;

73

.42%

*153%

1;

.49%

*120

•

47

86

--

12%

79%'

221b

%

9% Jan
16%

19

6274 Nov

V

Dee

'

*80

36

•

Nov

.Not

:

68

974

"ll".' 19

23%
25 >-•'

-

7- 24%

13 7A

r

4

■

Dec

105
107

'

;

152

1074

11

23%

86

36

^

36

127%

22

*105

'

79

J84J/a

13%

33

47%

35%
-

:i 184%

138

*132

128

*3474

1274

34

46%

7474 ■17474 v> 71
128

,60 V

14%

,49%

i:

133% 133'A

*107

25%

*5314
V

107%

*5914

>1274

;

27%

5 r 170 ;

*166

50%

*120

2274

:

35

-

34%

*" 7" 33 7

170 -'"7

49 74

:

119%

.

47%

38

9%

719 y,

2474

13

1

x10714

60%

13%

'

140

7

81

r.;7" 9%

25% >

37%

•

7.

•V-21*4

110V#

137

*33 % 7 34;,
7

22%.

26 7

'":

<'

14%
36%

*35

40

*79

*10%

974

*80

53%

*36

59%

No

1 Follansbee Steel Corp

:;7

■: 49

67'A

rl51

'

25%
86; >"•

V

157 V

19%

2414

146

48%

7
155

11%

9%

i

92

Jan

Jan'

'

'

85 'A Dec

v

14

22

Jan
'

43'/a Aug
11 Ya May

28%

♦142

%

19 >1

251

53%

54%
82

'7: 12%
13%
1*184%' 185%

27% '1"

*133

:

:

*142

155

11
:;

^

1274

36

*1081

4

Florshelm Shoe class A

260

24%' "24% ,7

49%

974
19

•

1274

;

21%

13%

V 7 27%

•140

*23

-i

;H *79

59%

1

"V

27%

*27

146

69

11'A

9 74

1874

13%

53%
■> ' 36

22%

7. 59%
iri 13%

*166

1%

9%

27 %

•

25%

*80

'

27%

29

ill'2474

-

27%

27%

153%

4% Nov
20% Jun

;

2

53% Mar

Florida

3,200

V

74%

•

111

11%

39%

49%

87

2

10574 Apr

$4

U'.>C

22»i

conv

Florence

100

69%

39%

:7.

80%

10%
67

74%

69'A

JUn

17%
104

3674 Nov

104-

No par

*

Stores
preferred

Dept

Flintkote

r

8,700
V

75%

157

4108%

Jan

4

25

20

100

17

41%

%

Jan

874

Dec

1274 Mar 26

4% % preferred
100
First National Stores.^._^..Aro par

5,400 '

,

41

27'A

1074

25%

7,'V''.yr

*108

11%
•

i":
1

40%

49

101%

6

9274

24

Jan

2

Firestone Tire & Rubber

3,500
<

51%

27%

68 %

24

37%

80%.

4'A%

r

.

2,300

111

16%

11%

*142

Dec

17

89

.

257'a Jan

No par

1,600 V ♦frfo EnamH Cnrp_
1,200 v Fidel Phen Fire Ins N Y__

.•

35%

*110

68

*155

19%

55

*3674

-350

.

69

*39%
67 y,

'

68%

July 12.

»A Jan 24

__5

Federated

,

55

35%

11%

146

Jan

July 24

4274 Jani" 2

par

Federal-Mogul Corp
Federal Motor Truck

3<iS%

%

7 *50%

11%

49

10%

13% ,7

i"

36%

68 %

157

.

9%

88

35%

*50%

11%

*142%

19%

25%

*80

No

;

5,600

60%

*54

68%

25

27

ip 13%.

A Co_

4,000

31%

27

19%

•25%

*•'

11%

74

27

48%

11%

6

Federal Mln & Smelt Co

500

;
.

105%
7

VI 68%

55%

69

%

26

74%

10%
.

69%

w

17%

69

157

97«

-7

55

68

'

70%

*19%

Morse

(6 preferred——

r

1,100

j

54%

60%

43

24%

160%

11%
'

(

31

39

*142

48%

60%

110%

16%

69%

72%

146

*1

51%

40%

39

48%

Fairbanks

"

36%

16=%

r

26%

74%

2,50

57'/a

July 16

27

ll'/aJan
42

Fajardo Sug Co of Pr Rico
20
Parnsworth Televls'n & Rad Corp_l
Federal Light & Traction
15

30

■;?

31%

11%

*41%

70%

25

*105%

105%

111

*4oya

17%

11

71

160

V

900

4,0001

15% ■:i5%

68%

%

51

Jan

15y2Jan

;

3

'

"110

51%

—8

13

108 :

May 21

86

;_„B

Co—

Products

Corp„
Exchange Buffet Corp...—

12,600 ;
.4,300

•41%
.%

54%

60%

56%

*25

7

18%

*30%

31%

31 1

108%

"142

'

24%

105%

,

56%

37%

___50

Cleaner^—.

Dec

Dec

109

i'

68 % Jan 19

,

22%

37

12,/aJan.l2

100

Ex-Cell-O

600

*11017, 111%

53%

31%

108%

12%

Ivans

1,400

"

17%

''77

105%

31 %

32%

54%

27%

•

,32% 7,32%

.

"•18

78

7.41

*30%

108%

*69%

18

-"15%
■":'"

108%

111

r7 >3,300

Vacuum

1

par

No par

34% Nov

Sep

106

18

Sep

4774 July

Apr
Feb

16

4

17

No

;

Eurekn

""

*41%

fe>:

30 %

16%

54%

;

Bldg

3974
27%

5

100% Sep
•-.-

8

t per there

107 JA Dec

20

100% Jan
101

6% pref series A
Ine «b Pitts Rft Co_._

8%

7"* 59% V60%

38%

""'40%

69%

*50%

Office

common__

:81

Highest

per. share

;
617

24%
"110

41%

68%

37%
'110

1;

;

;.i-

V

108 %

-

24

Sep

Jan"

16

Year 1944

share

4874 Oct 15
29% Jan 18
27% Dec 10"

Mar 26

103

,i

per

Lowest

V;

69%

54%

KR

62

No par ;

4,500

55%

• >

8%

20 >A Mar 27

No par

1,500

77

1

it'.i

40-14

lEqultable
Erie

96

55-

.

5
ou

aAo por

i

$b preferred!—

i

16,900

18%

21% Aug 20

oervice

7 $5% preferred-.^

29,600

1

23%

57-',:

190

3%
1774
82

4374 Aug
8
34 V» Mar 21

4

,100

^ ruwnc

$5 preferred

$

;

55 Y* Nov

Au par

Mfg Co

preicried

EuKiucuta
;

130

'

V

*56

i-

'

•

v

18,-.

■>*874"

55 77

61'A

69%

7V"

■"

•

•1

17%

*8174

*9174

32%

30%

15%

32%

*61.

.

-

7 -'•

107"

(>: 108

t.per share

~

.

105%

32%'

7

•

■'

96

"•"18"

42%

30%

16%

55 .4

a

-

25%

109 %

*30%

7

18%;
57%'
9%

57%

19 v":

*42%. 'I43'„v-

Battery

Electric

v
;

,

Gas

4%

1,180

Range Since January 1
Lowest
Highest

.

Par

Emerson Radio <& Phonograph
Zndicott Johnson Corp
-

10,100

374

\

18%, •18%
2474
24%

x24% I: .2474

V;

8%

13%

1774
i8%:
821' " •82 Va

*9174

":T#

33%

19%
25

109%

7'7

v

60%

19%"

i

"13%

374

1774"; 18 Va

••■VV

'V: ;
33 %

:

v

3474

-

1 \,

.

'

5

.

Storage

120

:■ 10574

-v

Range for Previous

V

.

Natural

Paso

Emerson

3,500

807a

107

*107 '"108

105'A

*107-

•

■>

Ei

12,800

;

105

105

34

/

25

STOCKS

.

NEW YORK STOCK

Electric

V 1,700

7

,

24 Va

*7574

105,

104

ill
63

*75%

*104%
34

58

•

8%

82

104

24%

58

r

1,500

.,

4674

34%

18 %-;i:

24%
•'

65 :

%

1".1:

a;

■

28

*2374

104'A

82

-*91

96

*9v: V 9%

64%

46%
27%

•

105

•105%

18

81 %

25%

TV'

28

24%

,

J1;•; 11 EXCHANGE
1:.;11--,-.
*•
v;

7/;

Shares

5074

50

"

51

,

the Week

per share

34%

3'A

17%;

19%

*25

*46

28%

S

"103%

105

3%

*91 %

46%

; *76
*104'A

;

107%

82% '

19%

V

105

18%'.

*82 %

>

81

107

::: 3%
;; is i/4

3%

*50%

24%

104%' 104

407% ;107 %

3%

51%

'28

jj-iv .34%

'

:i05 :

;

"

106

106;.

34%

104

103%

$ per share

46%

V

24%

*76%

107%

'

105

per share

51

•

.*

Dec. 20

Sales, for

Friday
Dec. 21

Thursday

"

85

106

28

23%

25 %

*81

107%

,1, S

52

:

'

Dec. 19

$ per share

RECORD

PKICES

Wednesday

Dec. 18

28%

23 %

V

Inwday

-

46%

%

27
■.'»

85

"lObV

I

52%

46%

28%

25%

'

52%

47%

28%

*

Dec. 17

S per share

52%

♦46

Monday
.

BALK

.

COMMERCIAL; & -FINANCIAL CHRONICLE

NEW YORK STOCK
AND H1QM

LOW

Hi''

L)

Co

preferred—

nrummnn

Aircraft

Guantanamo

Com

45

preferred

Oulf* Oil

_

j-—1

Sugar common

$5 conv preferred
Quit Mobile & Ohio

Corp.

a

—-No par
_i*u. ^

No

oar

2*

5% Mar 26
82

Oct

18

1474 Mar 27
Jan

23

49 V2 Jan

6

58

100

-

11

374

Apr

6Y4

Jan

6%

Aug

1^

Ma?

Jan

62%

Deo

Sep

50%

Deo

.;

Monday, December 24, 1945

CHRONICLE

& FINANCIAL

THE COMMERCIAL

3086

Range for Previous

:

'■

STOCKS

1ALX PRICES

LOW AND HIGH

Monday

fatvrftgjr
*'t

*36

*36

39

.

27

38

38

V 25%

25%

25%

;

119%

*115

117%

*113

105 %

*103

106

*103

32%

103

103%

88

90%

*88

38%
*112

115

110

138

138

'*136%

'

32%
30

30

110%

y

*85%
138

•

29

29

3

33

'32%

32%

29%

30 »/4

60

60 '/'■

29%

*29

29%

29%

*60%

62

61

60

60

*24%

25

24%

24%

24

24

*24

33%

32%

33%

32%

32%

*32

52

52%

52

54%

53%

52
-

22%

22%

107%

"

60

28%

60'/a
-29

29

23

59

22%

*60

22%

28%

*106

108%

52%

22%

54

20%

83%

19%

20%'

Vi

83

20%

:

83%
47%

48 %

47

7%

6%

7%

7

*18%

18

■19%

35%

'35%

.31

39%

43

84%

30

29%

30 Va

29%

29%

•28%

29%

8 Vs

•8%

8%

8%

8%

8%

*39%

40%

39%

*100

103

18 %

18%

*10%

10%

42%

41%

83.%

*90

92

*90

92

36%

36%

31%

Y

37%
31%

31%

*167

J

17%

10%

*50%

50%

51

*51

51%

*107%

108

107

107 Va

10%

11%

11
14 %

*240

14%
:■ 242%

97%

13%

191

94%

191

12%

98%

10%

12 Va

12%

3oya

31%

30%

31%

>95%

98 Va

*95 Va

98%

141.

43 %

114*

-

"

41

9%

■

.,

9%

9%

36%

37%

36%

38 %
,

9%

•"

112

24

115

*138%

11%

3iy8

41%

113%

23 Va

23%

41%;,

116

113

55%

55%

*52

55

55

55%

45%

45%

45%

43

45

*43

*149%

115

*112%

*160

168

*160

*

172

*162

160

*143%

160

*142

29

29%

29%

30

29%

*112

29%
37%

30

30

29%

35%

36%

36%

37

30

30

28%

28%

28

29 y4

42%

42%

*148%

;

*41%

.

*41

42%

42

20 >

21

19%

20%

19%

45%

44%

44%

*44%

165

*155

i6o

%

•■!''.V.'

160

28%

29'%
29%

28

28 Va

"

*27

"

*41

4i

42

•

'20%

112%

112%

112%

*111%

140%

*111%

*137

112%

'

*111%
139

112%
138 '

*140%

143

140

*134

138

*134

138

135

135

*134

*59

60

*50

60

59

59

*57

114%

114%

*120

*114 *'•

116

42%

■/:

/

20

41%

139%

*111V4

137

138

138

138

*103

104

*102

103

*102

*125

127

*120

123

121

125

126

*120

123 '

120

*28

29

27%

28

26%

114

114

29%

28

29%

28%

29

123%

121%

.

27

10:

110'

Jan

e

■/,{ Aug

10

24

Feb

32%

43V8JDec

14

10'/2

Jan

Dec

11

251/4

Jan

56

•91% Nov

10

46

Jan

Jun 26

8

Nov

23%

'84

38

,

15%

34'% Dec

3

2

69

Dec

11

Oct

20%

Apr

42% July

35'A July

Jun

106'/a

Dec

Jan

100

109 Va Mar 16

Dec

Dec

22

Jan

Dec

Dec

,771/2

1-11%

Nov/

88%

165

Sep

Y 71 % Feb

X87

Aug

19'% Dec

10

9% May

6
25

10J/4 Dec
'"57 j Nov

13

37% Jan

109% Oct

3;

Jan-'

12% July
Oct

8%

7%

Jan

29%

9

Apr

*40% July

NOV

105%

104

17

•

Mar 28

'12% Dec

6

6%

Mar 26

;•

14 Va Dec

10

6%

8% July?

Jan

>

Dec;

Jan

-10% July

188

Nov

250

NOV

27

154%

Feb

100% Dec

'67%

Apr

192% Dec

165%

Jan

180%

Dec

4

23"

' 1
21
23

82%

21;

3%

Aug
Jun

17

{28:%

"80

Apr

Dec

10
17

25%

-46% Nov

7

! 39% Dec
141

23

26"

.

Dec

17

Dec

15

21%

Feb

7%

Dec

94

Dec
Jun

,12%

68%- Jan

; 92

Jpn

47

Aug

391/a

Jan

35%

Jan

43

Sep

> 56%

Jan

93;

Dec

5
Nov 20
Dec '6

Feb

135.

Oct

Jan

20

Deo

Jan

20% Aug
201/4 July

Feb

2

92

Jan

2

"

175

19
: 2

Dec

151

18% Jan

•/

Oct

136

45%t Dec/11

57

3

39 "/

137% Apr

66

7

24
116-

Mar 27

Jun

32% July

Feb
Feb

13%

Dec

6%

Jan

130

118% Nov

9% Mai-26
41 Va July

50
z.100

Jan

,

'

79

par

65

Jan

.<■

Dec

-18%

41/4

Jaiv 24

84% Jan

No par

Jan

10

26

:

Jan

3
23

99

19% Jan

Am—a—No par

1%

Nov

-34% Dec

2

v:

15'/a

,11% Dec

2

.

Feb

129

13% Nov

2

Jan

75% Jan
' '■ 5 i/B Jan

6

;" Dec

33

117
11%

>

: 2

33% Dec

6

11%

17% Jan

2

41% Dec

3

15

Apr

19% Jan

24

30% Oct

18

15

Jan

29

Jan

45

July

Jan

144

Dec

'

18 '/a Jan

Oct

if

22% Dec

4

152

12

Jan

145

Dec

46

;

Aug 31

36

f

103

122 Va

122'%

123%

*1201%

122%

27%

26%

26%

28%

28%

■

10

*101%

103

121%

> "

*101%

126

'
,

122

138 y«

Dec

20%

3,300

26%

*28%

29% ;■

Nov

16

135-:

Dec

"61

Nov

116

Dec

Jan

24

79

46% Nov
105

Mar 27

.

91% Jan

.

Dec

140

10

27% Jan

90

/'

-4
21

25

Jan

* Dec

'

Aug-

•

Nov

105

Dec

>34%

Sep

107% Sep
90
May

111

Dec

95

May

28

Dec

Jan

80

Dec

66'/a

Jan

93

Dec

10%

Jan

20%

Dec

"

'58

Nov 20
Dec

V Nov

38%

112'%

20% Jan

...

20
1

134

*

Apr

.

'84%; Feb
30

6
21

139,.

2

'27

107%, Jan
•;

■

2,500 *

122%

*26%

■

145

109; ? Sep 17

31

7

NOV 20

47

114% May 31

118V'4, Aug 22

Laughlin Steel
i-.No par
5% pref series A—
100"
8 f» pref series B conv
-100
5V» pfd series B called—:———
*Joj Mfg Co—.
—1

700 :■

120Ta

;

Jones &

"

*

'

34% Jan 22
109% Aug 22
Jan i 2
101

& Johnson.a—
,_12'%
2nd preferred ser A.—.1100
Joliet '&/ Chlcago RR stamped—100

37,500 f
< 200

407/8

19% Nov 26

—1

4%

30

114%

(F L) Co.———

Johnson

200'

140

40'%

41%

103

103

*122%

i 1%

1

*

—.NO par
4 %# ' preferred——
1100
Johns"Manville; Cofp——No par
"3%% preferred
ilOO

900 •

7

-

57

140

40%

•

135

*114

140

'

121

,16 Va Aug

104% Nov

jewel Tea Co Inc,

300:

'

*120

27%

103

■

137

57

140

41%

•;

112%

*130'%

59

114

41%

41

40 Va

28% July

Feb

2

preferred—..—_——YlOO

Jacobs

5,000

»

45

*111'%

112'%

*133

*57%

59

800

201/4

19'%
>5

45%

114

116

*120

40%

*44

*120

*114

-

*120

41%

139

.

400
"

Dec

Mar

7 8%

.

-19%
:

;v.

22

T1'/a

Jan

-

*148%

*148%

44%

*44

44%

/
28
'-i
41 />
,,

Jan

158 > Mar

preferred———
Teleg——No par
Foreign share ctfs_
*
No par
Interstate Dept Store's
No par
Intertype Corp——
-No par
Island Creek Coal
—1
$6 preferred
J

3,600
1,400

37

Jan

6

9

Tntern'l Telep &

53,600

29

>1%

26

July

2%'Jnn

•

■;! '"2% Jan

preferred———Y100

7%

13% July

37%

Feb

307i»

y 74% Mar
178% Jan"

1

International Salt—_Y——.No

y|

x37

301/4.

-

*44%

7

:7% Feb

20

Paper

of Cent

70% July

Feb

63

Dec

-5

■International Shoe.
International Silver

2,600

165

*142

5%

400
:

37%

'

41%

20%

/••„ 5% conv
Inter Rys

"

770

v

44

29%

1"

20%

'

44

36%

*148%

*148%

6,200

55

55

44

29 Va

'

*148%

•

3,300

/.

/

*291%
;■;

29%

*28
"41

114

*111%

V:

56

*142

30%

37%.

■ih' .1': 15,500

.,...

9

Jun

——u——1100
Co___.——15

1

10

-173% Jan 19'

Canada——i—No par

Preferred

International

14

.

.100

preferred.

Int Nickel of

50

23%

%

Nov

•

Aug

137

J 6%
87a

__23

International Mining Corp—

•

22,200

A

.

,

•

112% V

■

22%

114

*55

i

30%

29%

%

5,500

'

37'%
43

112

23%

4

100

18%

174

104%

.100

;

Dec

47% July

•8% Jan

Nonpar
Harvester_Y—No par

—

191/4

11% Mar 26

Machines

Hydro-Elec Sys class A
International Min & Chem

/.

13%

2

4

*—No par

Int

4,600

7/

,

141

42%

43i%.

.

31

31

.

.

10.

36 Va

113'%

*155

37%

30%
30%
-37%

98'%

*1381%

141

./• Preferred

22,600

31 %

9%

371/4
'

43%

160

'

-

JY3l%
!*96Va

9%

-23

170

*142

160

11%.

"

44

170

'

11%
•

42%
■-.

113%

56

*162

"

;>ii2%

43%

113%

23

Va

*53

v

.

-

98'% !

36%
*138-

■'

115

45%

International

Int Business

Y''// .170
f

192%

192

•31%

•-

f'1''3" 3,700'

Dec

26

Rubber.—Y.—a..Wo* par

tIntercont'l

:■

Feb

v

82

-100

"'4%' %: preferred.!—

■;

Interlake Iron—^

94

9%

30

v

Aug

104'% Jan
166

20
.——1"
Corp—.—No! par

Interchemical

2,600

238

; 93

190%

:>••

37%
141

113

22

115

V

141

41%

42%
113

r

238

95

}

800.

-

,

; 47V« Sep
21% Nov

40 Va Dec

Sep 26

103

Jan

13%

2

39'% Jan

%

7 V 20,200
>>/
400

13%

•13%

14'%

98%

1,200

V;
;,:>•

9% ,10

190%

—

/

:

Rayon.

36% Mar'-.

Jan

18% Jan 22
19'% Jan

25%
23%

20% -Jan

3

13

Jan

•

24

•

Dec

Jan

3

"Inspiration C6ns Copper
Insuranshar^s Ctfs- Inc

5,500

"

:

;
•

240

94%

—

■

*'IV°'

*107'% 103

--11%

r

1,7%

-

'

".*138%

141

22

;/112%

23%

23%

'11%

/•

12Va

98%
10%

,

9%
36%

38%
141

43

114

*189

190%

32%

*95

10%

'38%

*188%
11%

191%

95%
191 ■"

11%

32 M»

*97

'96%

94%

900.

100'%

-

2

29 Va Jan

prefferred-^—_—.100
.Inland Steel Co—No; par
6

17'%

10

*237
>■*-

136'%

51%

108

13%

14 Va

."

95

$4.50 preferred A
Ingersoll-Rand
—

107%

*10

10%
511%

xlO

238

238

.;

1,000

66

,100

17%

y4

*107 Va

30%

12%

*32

*138

95

191%

243

*235

:7;'

17

10%

Industrial

136'%

103

51%

108

13%

13%

13%

14%
240

238

97%

10%

10%

10%

1,900

*167

xlOVa

■

51'A

*107 Va

10%

51%
108

108

-

'Indianapolis Power & Lt

66

,

3% Jan

471% Jan 30

1,800

Juiy

Feb

13

NOV"

''36% Dec 12
'34 % May 19
9% Dec 10

6

T100

' RR See ctfs Series A

(/

970
t

14% Jan

—100
1000'
No par
No par
No pa»
No par

19%

Mar

;

73
125

f,

Apr

Dec''3

23% Jun

preferred series A
lines A%

Jan

/

'1
50'% Dec 12
8 '
Nov
'7

19'/a Jan 24

Leased

134

Jan

js'

63

114. '

•23% Dec

y.;26% Aug 21.

72% Jan

;.

13%

16

—YlOU

: 31%

*106

137 y t

■

*99%

-

17%
10 Va-

10 Va
51%

;

107'%,

-

*167
-

102

17%

10%

*10%

135

-

8%

>7: 10

;-37

31%

67'%

65 Va

,

102

•

31Va

*106

*167

17%

17

18%

*10%

«

101

101

36i%

134%

134 %

134

..:

200

'

92

*36

36 %

107%

*106

107%

133%

*90

92

'-

*31-

68

67

67

X65%

82'%

'/

Jun

3

Jan .19

KR Co—

uential

iiiinuis

128

Apr4;

•'

-

87'% Nov 27

-2

—20

Idaho Power Co

19,100

-

bee

20

5

75

13

109 V* July

22y

Jan

-

39

2

12% Jan

:•/

>

Feb

89

.

29% Dec

Jan

10

Apr

Nov

27%

170
;

29

2

'66%

i—ilOO

Manhattan—

20%

Feb

75%

;

Mar

2«

63

'

.•>

Dec

22% July

60% Jun

Sep 22 /

34% Jan

non-cum'pref'irred--—100
Sm Ltd
L-No-pat
Hudson l^otor Car
—
No par
Hupp ■ Motor. Car Corp—
'■

700

,

Y

8'/a Sep

/

112
..

/

160

Dec'13

25%

55% Oct 26

z_25
-Yfl

Deo

9%

^35 / Nov

2

5%

1

'•

31%

*106
■'

'<•

39%
4H8

41

v't'C

July

110

Sep

?26% Nov 28

16% Jan:

'

Hud Bay Min &

5,100
13,400
32,000

'

*90

36%

..

>82'%

83'%

v
•'

C

•

41%

*81 Va

'■

'•

39%

-

J"

41 Va

42%

*82%

.35 Va

.

'

83%

>

134
102

40%

*39%

41%

107%

102

,

.

*81%

*167

*167

v

'••V 39%

66%

66%
134

i

8%

31%

*106

;

8 '.

37%

68

:

29

.

Hudson' &

y

35%

91 -;Lv

134

is 1%

35%

•18%

35 y4

91

107%

•

18%

*17%

36%
31

9,400
1,400

*

/

Nov
,

30'%

/;

2

Aug

/

•

"

33% Nov

15

Jan •'

25

/;;/8% Jun

; 63% Jan

17

■•63% Nov

7

V Jan*'

;

Mar

20%

„«y

9

July 20

r

32 t

102.

—100

1

138

15 :

99

Dec l- 8

115%

V:

%

17

1

39% Dec

22

17 Va Jan

,

Co.—No'par

Y

Howe Sound Co

6% r.: 7 >■■'"■'

7Va

7

7%
is y4

38

68

2,400

35%

91%

*133

47%

18%

'38

*106

47'%

351/4

43%
84>

82%

31%

48 ;'

18%

*90

31%

47%

47%

)Llght & Power

Houston Oil of Texas

i>,■'•' 8,200

i-

35%

40

41

:
-

20%

18

8%

*39%

43%

*82%

20%

35

30%
8

39%

20%

18%

31

8%

20%

35%

-

34%

8%

20%

7

7%"

:v

83%

Houston

10'

15 ^ ■^138
90
15

42

Dec

Jan

/■•"2%
/

Aug ; 9

189

Y Jan'25
Jan /2;
'41% Jan 23

/

_'_4
L50'
.com—r—No par

i—/.

Y y 3% % ' preferred

900

Dec

921/4 Nov

2

25

•

/

Household Finance

60
>

yy

84

:

84%

47%

47

48%

7%

*83

(A)™

preferred

$2.25

:

500

3,000

"

108

*105

-84

5,100

;

ID

21% Aug 20

23

.

:_10
—.5

Hollander & Sons

Y

28

20%

>,

20%-

48%

*■ 108

■/

:59%>;

.

.27%

28'%

*105 '

108

*58.

59 y3

-28

22%

22%

22'%

>22%
*58 >

Y"

■y

.---1

Holly Sugar Corp—L— ^—No par
feomestake Mining———12.50
Houdaille-Hershey com —/—No par

6,400

•

;

;;

Co—__io

The_—a—
Furnace (Del)—
(C E)

-k

123

1 —5

700

"

52%

Holland

13
14

Dec

Feb

72

300

',

32

51%

84

83%

20

52%

28 %

*105

*24% : 25//
*31%

52%

Hires Co

200

•

32

Hlnde &'Dauch Paper

If Dec
•35

Feb

130 •" Feb

••

July

Apr

,

8

Deo

21
152

,

Jan

-•"6%

10

82 /"Jan,;

par

2,000

60

22% Jan

par

No

Hewitt

800

Y

•//'

'

24'%

>
/

32

59 Va

■>■■'

28%

"

109

*106

84%

*83

.'*58

.

28%

28%

*59

*24

-

22%

22%

60

*59

109

-

,

31

*59

32%

Y *59

*291%

par

.100

5/f f preferred

y«4 cotiv; preferredRubber Corp—

«

••:

30%

No
No

Motors™

par

V. 1,100

'32

*32

30

24%

*32%

Y"

28'%

/

32%

-32%

60

,

29 Va ; '

Jan

170

Jan'

104%

11

—

Hershey Chocolate——k——No

200

133

71 Va Apr 1

..25

*5%

Nov 30
14
104'% Dec 11

-10

>

"*109

12

•K 100 lA' Oct 24 ;" '103'%

.100'

Dec

16'A July v

Jan

138

134% Nov

■;.

Marls

20 % Jan

■.

Jun

15% Apr

•

2

Dec

4

Mar 26

6'

■

108

•

22 v4

Apr

"102

% Apr

43% Dec

30

Oct

-

V. 155

9% Jan '.,. 4

-

i.100

Hercules. Powder--7

40

v

85%-

7% Jan.
98

•

—-

preferred

non-cum

10

9

«

•-23

'i—:

W>—

(G

Hercules

600

109'%
135

1%

5,600

•

Apr

x30

:_13

12

29'%- Dec

12

f'6

11%

11

.110% Jan

18% Jan

.J9-: /

'3%^'-preferred-—
iHelme

10

;

3 7Va. -

138

,

HeeKt;.
,

200

'

184

85%

29

33

r

.400

150

135

87 Va

138 ;>? 138

138

>

29

:

V

j'

89%

109%

,,;

'

136%

*85%

33

>

•31%

Hayes- fnanstnes fnc
Hayes Mfg Corp___—
Hazel-Atlas Glass Co—

.310

Dec

V

.

22

Oct

-

33%

/Apr

,,

15 »/4 Mar

11

121

152. ' Oct

•

21,900

;

103

37%
"

112

*135

'

87 %■

'

*88

37%

>

*110

136

29

28%
*32

33

110%
136

87%

•

.184

37%'

-

140

138 <

138

29%

*29%

y-

38%

37%

•

1

20

4,300

-

12%

3lVa

■

'y

;

*182

*136%

*136%

139

89%

1,100
V

'

•151,4

*102'%

103'%

*88

110%

110%

;*85%

87%

-32%.'..

*31%

*102%

89 Va

%;

1 120%

12%

!•120

v

0,700

.

11

15 ',4
'

13 y«

\

104%

*102%

120'%

•*'

32%

38%

*136%

140

12%

*182

38

111%

*85%

87%

*86

*136%

Highest
S per share

'

2

it-

.i

27,
-

277 a Dec

2

106

pur

Refrac__—.No par
.100 6% prderred__i.Ci—
.10
Hart, Schaffner
Marx——
i_.l
Hat Corp of Amer class A——
.100''
4V2 7o preferred (modified)—

22

,

-43'% Nov 30

151/4 Jan

Harbison-Walk

Jun

39

4

2

103'% Aug

.100

preferred

conv.

20% Jan

par *

-No

JanV 2

•Y33^

—10l

'Hanna (M'A) Co/$4;26 pra_.No
2,200

41

15%

15%

103 %

*88

.

*182

39%

37%

39%

••

90 y8

*88

*182

*182

.*31%

33

*102% 103%

88

*102%

■

•19

33%

103%

33%

*33%
103

,!■. X40
11

"

11%

-120%

122

'

160

104'%

•'•

13%

12%
121

121

120 ;

41

11%

s

'4%

105

*150

*102%

15%

15%
■

12%

12%
'

125

123

127

117%

ifia'

Watery

Printing

«•

Hamllton' Watch Oo._

1,100
/•
-20

27

'

104% :

*102%

15%

*15

.

13%

1.2%,

13%

13%

15%

15%

16

15%

125%

>

360

41

41
12

12

12%

*150

160

41

40%

104%

*114

105

26% --27

26%

V

26%

Hall

500

-

*103'

115

*103

-:v *150

12%

104

*102%

115

106

'26%

160

*

*102%

12%

12%

13

104%

il?

*103

Uackensaclr

39%
39

*25%

.

26 %

26

*113

26%

40%

41%

41

42%

*12%
104%

*150

160

*150

160

42%

27%

27

28%

27.%

V

25 Va¬

25%

1

*36

39y4

*38%

39%

*38%

>

106

"

26%

*36

39%

.

117

*116

39

*38%

38%
26%

*102
*150

*36

39

*36

,

37%

,39%

*26%

/

t per share

share

per

,

Year 1944

r

Lowest

\

H

39

30

Pi

"$ per share '

Par

Shares

t per share

share

;

,

/Highest

Lowest

EXCHANGE

the Week

Dec. 21

Dec. '10

$ per

"t per share

v

per share

share

per

Dec. l!»

Dec. 18

Dec. 17

Dec. 15

t per share

Range Since January 1

STOCK

YORK

NEW

Sales for

Friday

Thursday

Wednesday

Tuesday

•

120.

Dec T8

>19% Jan

9

Jan

3

11

30% May '9

.

,

>/>■'k
•»'• "

:■

29%
*120%

28%
*62 y4
<

•

*37%

122%
29

%

*120%

122%

*120%

122 Va

26%

28%

27%

30%

63

63

66

66

37

37%

37%

50

50%

52%

*33%

33%

*28

29%

28

28,

49 Va

48%

49%

64

61

61 '

38

37%

37%

52

52

50%

51

33%

33%

33%

33%

29

27%

28%

48

49%

*29

49%

y«

50

-

37
:

34

34

*64%

29%
29%
*120% 122%
29%
31%.

33%

34

65%

64%

50

4

33%

33%

27%

28%

48%

49%

64%

-

33

33

64 Va

-

65

18%

17%

17%

96

96%

95

95%

95%

38 %

37%

38

37%

38

48%

*32%
65

96

38

-

18%

18

18%

-*120%' 122%

•28%

30

'

1,200

*120'% 1221%
28 3A:
30 • :

67

66

37%

37%

36%

54%

52.

53

"66%

.

'

"•

"33%

33^a

33%

*32%

34

65 Va

J65%

86

33

*27%
47%

*3278
66

a/4"

48%

.

■; !i8%

18%
97

96

96

96

38%

38^8

385U

38'/4

39

18%

18%

17%

1,500

17%

;
f

110 <

•

109 %

109%

*109%
31

110%

*109%

110%

31

32-

*108%

109

109 Vb

109%

109

-140

109

*16

32%*
17%

*15%

17

17%

*15%

16%

17Ta

*15

47

45%

46

*43%

45 Va

•44%

44%

45

45

*44

45

1,100

44%

43%

44

43%

43%

43 %

44

43%

44

441/4

•

177a

*46

3,800

32%

43%

■

40
36

36

*62%

65%

For

16

7%

6%

39 Va

38%

34 %

34%

*33%

*62 %

65 Va

6%

7%

7%

40

31%

38

footnotes

see

page




63

3091.

7

38 %
34 %
63

32 Va

32%

32'%

32%

*15'%

7

7%

6'4

39%

39%

39%

40%

34

35

34%

34%

*61

65

661

7

64

32'%

441/4.

634

4,800

32 3 i

'

Kresge

7
■

34,200
3,800'

41%

34%

34%

800

64

100

Kress

Co
/—I
Dept Stores——
(S S)

(S H)

22

67

r

Si

Co———No par

'Kroger Grocery A

Bak_—.—No'par

Laclede Gas Lt Co
Lambert Co (The).
Lane Bryant—
41/2 fc Preferred

100

—No par
No par
—50

^

11

Mar 26

18%
117

-0%

Dec

20

19%

14
20

,131/4

Feb

17

Jan

20

20 y*

X26
•

Jan

'

Feb

14% Dec
39% Mar

Jan

54% Dec

22

^24

Jan

071/2 Dec

18% Jan" '26

/. 21% AUg

Apr

"Dec

31%,Dec 19

Dec/
Aug

"24%

Jun

Dec

13'/#

Jan

Jun

2

31

19%

18% Jan

10
.6

51

Dec

10

29%

Jun

Dec

24

"37%

35% Jan

'22% MailO

33

Nov

28

191/4, Jan

>24

67

Dec

7

31% Mar

42

'19"

Nov

28

35'/a Dec

22% Jan*'23'

38% Jan
1

8% Jan

1

r-10
1

34

Jan

23% Jan
'

4

8
15

28

Aug

107

Aug

'

■

26

1
9'

Feb

54%
108%

35% Nov

Mar 26
>

17
16

Jan

9%

'78%

Dec
Oct
Dec

Dec

Dec

Dec

6%

108%

Dec

Feb

22

34%

Dec

32

27%

Nov

Jan

10%

Oct

7

17% Oct

x49 '/4 Nov

8

27%

Dec

50 Va Oct

18

31%

37%

Nov

Jan 24

Jan
Jan

39

35% July 27

26

Apr

x31%

Dec

8% Apr
-

15
3

40% Dec
112

'3, :

Mar '5

06 Va Dec

72% May 14

No par

Koppers Co Inc—_/—
4% %; preferred:
L-- ——-100
Kresge

40%
*61*

Kinney (G R) Co—
$5 prior preferred

31% Dec

.

124

—

—10

3,200

-

B

,20

y 117 :...• Jan- 3,
Jan' 22
13

~1

1—*
Kenmecott Copper.——No pdr
"Keystdnp Steel & Wire Co—No par
■Kiniberly-Clark Corp——No par
Class

.

900

96

X38%

Depff'Stores...—

Co—
J--—8
"Kelsey Hayes WhT ccmv cl A-—LI

14,200 "
2,100

r"..7././

..

Kayser t JuliuslYtJ

"600

:

'■'

/Kaufmann

1,100 1
..

34
66 Va

1

2,900

•331/4 >

28%;

,

-800

66%:
36%:

53

19,600
2,600

'

'Kalamazoo Stove A Fnrn—10
Kan'city P & lil^ser Br.—Notpar
'
Kansas City -Southern—_...No ,par
;
"4 % 'non-cum1 preferred1100

37

4% Apr

5

7% Dec

11

43Va Nov

23

Nov

29

63% Dec

12

.

31% Jan

3

24% Sep

12

39

54% Oct

18

1

Y

THE COMMERCIAL & FINANCIAL CHRONICLE

-Number 4449

^Volume

NEW YORK STOCK RECORD
tOW ANB HIGH 'SALE PRICKS
Monday
'

Dec. 15

■*:

66

65%"

66

>

Y(j I- perVsnare
'♦63

■

t

'

16»b
42

16%

,15%

16%

%

.$9%

42%

13%

12 %

: 16
(40%

15%

1'3%

42

%

<>■■■

'40

■

.

V16

12%

13

'

-.

:■

40

40

.

"4%

12%

•

'

'

4%

4%

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4%

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4%

4%

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'4%

5

;

54%

.

52 4;:

54 Va..' ••••':'

52%

53'/4
27'A

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52'A

52

52%

26%

26%

32

>

32%

62%

63%

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12%

51%

33

;Y 'Y

64

,

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21

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33

62%

27 V

32%:":

.

•

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94~~i'(-

62% .'63

y

63%

J 62

;

f 11% ,12%

12'A

V

93%

93

V-. 93

92%

♦198

200

v ♦198%

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94
94

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,

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,

v'

•75%

:,

500
1,300

38

'••4oy2

41%

,33%

15,700

r

; 1,300

■

~34%" "

•

63%.

33

,

30%

64%~

70%

\

30'A

30 y4
*187Y

30
v:; 64

<-:o37% V:

•

38 >/

154:

"61 %

W-&7 Va
♦152%

>♦'36%

154%

'59 %

61%

J

■62%

47%

47%

:45%

38

■■

•152y4

>37

37%

154%

•f52 :>• 154%.

61%

>152

:

♦36

38

•36

154%

111%

108%

108%

♦29'A

30%

30

♦29%

%

24

25%

24%<
♦574

4,608

Lorillahd

505

24%
525

♦475

10

14%

13%

14%

*23%
•<

25

♦23

•

-60y2

'•60% 561%:

45 %

,'^•^60%

:

/-y

•46

46%

-

•29 %

•475

-

■

6% yY7Y>
10%

♦475

>■

10%

17 y8

6%

''

•

♦16%

♦108%

41

y4

♦21

41%

Y

39%

:19%"

2.1'A

60%

":r

:

39%

60

♦41%

%

">40%
.-29%

42%

31%

31%

♦191

58%

.

193 Y

49%
♦108%

109

15%

16

SO

♦191

Y

50

525 '>

'

1

*

♦111%

14%

.

16%

17

17

•48

.

■>•

: 38% ■i 39%♦107% 111

•40%
111

,

'37

: vv AO"

39 y8

40%

19%

20 y2

58 %

59 y4

58

41%

40 y8

-40 Va

24%*

3,300

24%

,4

30

'

.

193

•108 y2

15%

15*A

49

55%

•53%

84%

•

Y.V 40

.*

V 22

35%

30%
40

34

35%

;

40%

Y 69

70%

-

25

25

Y

:

•34
a-

40%

23%

•

♦28%

29

<■'<< 24

25 &
119

27

••

69-

•106

Y

40 %'
34

20

%

io y2

15,200

41

16%

;

5,900

■:

f

26%

•103
'• 44%

Y

106

20 Va^

v; 57%

51
40

,

.

31%

.■

1,700
-

: >

31%

30%
>191
,

,

193

80%

i

♦27

•

54 y*
;

54%

108"

♦107%

108

13%
34%

:>"■

13%
*34%

1'2%
■

.

58%

♦158

VVV:

.290

15%

15%

4,600

48 y2

48 y2

500

•111%

29%

$3

112 vs»

•1U%

112%

80

25%

*68m..

8,000

/

-33%

•69%

13%

i

f13

12%

"54%

t*.
.>

24

*117

4

'24

•

'

-119

>

21%

54%.;

•158

54

•'

^

•

Y

•:

110%

40
;>• 700

r,;.2iy4-;-22 x''
103%

;

*110%

112

I

4 26

>>

'1

;

;

12%

Tl%

26%

.

•

13V

>

-54%

13%

>158

-

;

.

..36 '

159,.

■y-'Hsv*-:

70%

•

■"V

22%;.
53

■

*

-

Mengel Co

54%

108

2,800

34%

'

71.-.

i

34%

35%

■110%

.110% *

12%

11%

•

?21 %■

'22

:

;>■' 52%

1,100

J

llOVa.
112

'34

'

U%

.

•122

%

15%

14 y8

,k

,

12 /

112..V

"

3

K 34 %

43%

44%

49

51%

5l>

30%

34

32%
34%

113

113%

114'/a
115

115

*115

•113%

109%

73 V«

*113%

117 Y-

*108 V4

74%

-

1,300

72

117 «!■•,.

(

56 :
*54

'

39

*53%

t.

56
57

? 39

21%

22%

XV?

-,'•: 54
'

39%
•

39 -v

V:

>38%

110%

38 y2

•;

32%

VY

*29%

30 Vi

y„*29%

*32

>*44%
-17%

•

*107%

45%

.43%

,

17%

v'y

70

112 r

124 i.-y'

11%

138

22%
Vr

533%/

,

14%

14%

14%

43 Va

44%

3,600

38,'%

•34

35

V

*112

115

>115

Mission

•1-13%

800

18%

lO

2 Va

Jan

9

11% Dec

5

'6y8

Jan

12 Vz

Jan

21

May

13% Apr

20

Deo

25%

Dec

.

10%

4
*•

21%-

r

-

.

21 %•■

21%

53 Va

53%

•53%

54%

•53

38%

"18% Jan

:

22

i9

6

42% Dec

'id

11

,

octie-

111

:

46% Dec

6

20

■*4%

63% Dec

10

57% Apr

51% May

NoV

15

29

33% Dec

11

25 V4 May
19% May

22 V4

48

'4

AUg 21
12

•

195.

176% Jan
34%

July 17

104% Sep

v

109 y2 Nov

19

•

~4%

16

Dec

14

55

Oct

15

Aug 14

Sep

6

-55% Dec

15

25

32% Dec
132% Dec

5

Nov

13

Deq
70% Dec

8

Aiig 13

110

43

25

19% Jan

2

y- "52
Jan.
i
24 y; Apr .

(104

V

•; Sep

2

41% Dec

27

y jo9%

Jan

*,

24

*119

28%

Nov

104%

Deo

193

Sep

Dec

11

12

94

3

108% Oct

Jan

3

47% Dec
29% Nov

6

.

,

,14'A Mar 10

.

Jan

10

Jan

13

Jan

100

Jan

94

Sep
Oct

31%

Aor

38 %

Nov

Jan

"

1

«>an

»&% Dec

37

Jan

55 Va Dec

*25;

Iw

27

21

Jan

38

Dec

Dec

107

Deo

My®

v

-9

V 4 5 y2 May

44 %

42%

;S 21

.

55.

21%

y.

54

25% Aug

3

;

108 % AUg

•381/2

38%
30
-

■r

30%*.

r

43

y2';

:'17% ;>17%
•104

.No

:

;

•41

♦137

43%

44%

17 >A

17%

106
V ;

140

if 106

-

41%

* 41

-136

-j

137 >

38%

900

*30%

31

900

MOtor'Products'Corp—— -No

29%v

•29%

29%"

800

Motor Wheel Corp—-

"43%

.44%

40%

*<
V

*135

44

•

17'A,

138

■>:

;

*105%

.

>135

114%

114%

*1123/4

115

20%

19%

20%

19%

19%

20'/u

-'20%

195«

20

*51%

51 VB

50

51

51

5iy2

..*50%

51'A

50 Va

59%

*61%

63%

63 %

•01

63%;..:

>.'115

;*61

63%'"

*61

;

40

>

>

J9% ;' 19%

100;
600

50 ;

10,800
800

•Mueller

Brats

■

CO--.1-*-

class B—
'■$7 preferred
Munsingwear" Inc
—
Murphy Co (G O)—*4%'% preferred

3

52 Va Dec

14

9

34% Dec
36

10

/2

Nov

27

Jun

28

July 26

119

Apr

2

113

Jun

23

76

Dec

Dec

20

24% Dec

sn

Ai

Bro

& Bro—

Sep

J

Oct
Jun

23% July

6%

Dec

Jan

18%

Dec

Jan

39Va

Jun

19%

Sep

25

74%

Apr

V

Oct

Oct

88%

>

114

Nov

119%

Sep

11

107%

Jan

113

Aug

10

'41%

Apr

3

Dec

12

35%

Jan

42

Oct

21

21%

Jan

35%

Dec

15%

Jan

24%

Juii

16%

Jan

25

21

33% Dec
j >

32% Oct

-

4
9

26%

'6

47% Dec

10

9% Jan

6

18 Ve Dec
'109 % Nov

28

>72

Mar 27

■22

Jan

53% Nov

<Dec

44 y4 Jun

20

97 Va

Jan

61

V

23

23 y2 Mar 27

117

.111% May

54

Mar 26

Jan

>21% Jan
0

11

% Dec

33%

Apr

Dec

10% [Oct

*4% Jan

100

Jan

;

Oct

43

Dec

11

20

Aug

24 Va July

X82% Feb

15

139

Dec

14

70

May

84

109 »A Jun

21

115

110

Nov

116% Feb

J an

5

Jan

>14% i Aug.

-No par

:

-No par
100

9%
111

44% Jun

18

33% Dec
41

32%

par

4lC

Dec

<

3

>

1

112

29

y

31% Jan

-No

...

E)

Dec

115

21

II—Il

Dec
Nov

13

106% July 26

par

—_5

Murray Corp of America—
'4c/o preferred

MyeiVYF

63%

;

Dec

c"

114

Jap

116

Certificates of deposit

Mullins Mfg Co

2,600

*112% >115

:

-

r

>135

*62

'63%

*114

>■.

41

50

•

."17
108

*40

40%

1,409:

i 44 -

(>■ 16%

*105% loo

2V4

.8%

Nov

34% Aug 21

30%

46

Dec

113

Feb

47 Va Jan

—>.50

38%i

17

>

17%

-2

.No par

29%

38'A

10

25

>_50

pfd_—

Essex--—-:

30%

30%

Dec

18

.

par

38 Vz

'

•29%

106

•40%

39

; 31

31

.■
'

Jan

18

113

.No

19 Vi

Jan

93%

16% Jun

11

-$4 preferred series

?

6%

12

37

2,

1

Dec

49% Jun

79% Jan

cum

13% Dec

Oct

58% May

Mar

108% May
107
Sep

124

;4

22

% Jan

<fc

105

19

Dec

112

Jan

preferred ser A

$2.50

.

Mar 13

,114

Apr

144%

;12% Oct
36% Apr

11

22

26

Morris

ie

■

Morrell (John) & Co

410

.

28% July
39
Aug

Jan

Jan

?46

10

5y2 Jan

Carpet

"

500

J.OCIO

/

Oct

Ve Jan

Moore-McCormack Lines Inc..No par

38%

27%
116%

8

58 y2 Oct

7 Vb Mar 26

*

2,000

55

•

8% July

53% Sep

3

*6

Aug

>

Apr

26'A Dec .10

7

.

■

Mar

115 % Dec

May : 4
Oct !io

108

Corp.

'Preferred series B

53 %

•75

13
Aug 20
42% Mar 26
109

Dec

•

*107-

Nov 28

63% Dec
160

Mar 24

53

.

>

% Jan

21

38%

36

24

Jan

vl4%

2l

Jan

137

-Montgomery Ward & Co.—.No par

"A

:

23

Jan

Vi Jan

140

>

Va

,,85

'

6,800

»53

.

19
29

7

>ioo

V

*52%

■;

38%

38%

Dec
Jun

;

(Petroleum— ——•io
Rfoducts—— Nonpar

72%

-21%

53 y2

53%
♦53

:

39

109

71

56
(ill

37

Monarch,

117

109

109

72%

54%,,.
8

38%

,

72

3

106% May 16

(

Deo

8

87% Nov 21

3

Mar

19% July

70

>■•:..

8

:

Dec

Til

:!i 8§

109% Oct 15

Jan
Jan

Oct

13%

16% Aug

10

>98%

yy/ssy

55% July

•

25

'".12% Mar 27

"Dec

22

Apr
Feb

97

Dec *13

30 Va Dec

3

Oct

32%
'

r

May

"21%

,

'

27

Oct
Jun

'21

"li2% Apr

10

4

*8

Jan

Apr
Feb
Mar

Dec

Y 29%

Jan

14"
:47

•

July

44

110%

109% Feb

15

Dec

Jan

16

■

6

•109 y4 Nov

..,'13%

No-par
No (p ar-

36

5
25

-y>i7%

19%

4

(6

•

Jan

.1.

11% July

106 Va Mar

"

10

Dec

NOV

32 % Mar

114

-

:

24 Vb

Mar

4

r

,Jun

176 Va

Mar

15

110

Sep

12

6
13

8% Jan

preferred

$4.50

Jan

170

May 17

52 y2 Dec

Jan

40% Jan

30 y4 Jan

D—

Jun

24% Juri

•

No'pqr

—3

Oct

"8%

22

Mar 26

19% Jan

.

Dec
Aug

4

16 y4

27% Jan

•Monsanto

40

'

30

29%

•108

v:',

73

16

24%

9% Mar 26

,M°jud

1,300

.

1%

Mohawk

600

116

20%

*61%

8

7% Dec

15% Nov 30

3

.15% Apr
18 Va Jan
109
Sep

Mo-Kan-Texas
•

2,800

34%

,

116 Y,

117

•113%

.

31 f,

30%

113

113

■■■■;'

72%

21%

38%
::

'17%

115

109

49%'

•48%

■

30%

•34

'

117 Y

50

30%

•115

•108

72%

'

39%

136%

32yaDec
39% Dec

2

$6.50-preferred•

••;

23,100

34%

34%

♦49%

"

•113%

109'A

10% "Dec

17

21% Jan

1

Afo ^preferred -series

9,000

44%

34%',,
115

38%

41

*114

*

6%

20

.40 '

—_ioo

.

Dec
Jun

391

Jan

315
•

Jan

•Mlnn 'Moline Power- impl—

100

14%

,

114%.

115

•52%

38%

107

136%

115

,

54 V

>40%

138

*114

16%

17

Oct

iOct

7% Mar

•

72%

31%

22%

3% Jan

No par

(The)

Steel

Midland

*

6,600

,

122
34%

122

43%

50

112%
;

117

109%

105%

109

42%

*42

31 >.

Jun

Dec

19

14%

Jan

I
S

•'

34%'

31%; .31%..

35

•113%

109%

54%

Jan

10

525

38% May
108 Vi

Jun

14

Apr
Feb
Feb

7% May

-

.;

46
'

•st9V2

"

*22%

1

Jun

Dec

104,

7

26% Dec

,Nov

48

/x26% Aug

6

Nov

Dec

148

Jan

34%

v

24

:

yMinip-Honeytyell 'Regulator
"yZ^oo
'4% 'conv pfd series B
4%% preferred seriesjC— .i—ioo

f

y

;.15YiiY

44 y4

;friO
3i%-

•32%

74'A

>108 %

34

30

Feb

25% Apr

;

14

::

B% cum lsf-preferred,.—_ —_^100
Minneapolis & St Lbuis -Ry_ Nopar
-Minn St P & SS M A vtc__ Nopar

10,100

_1

11% ;

;li%

11%
•122

34%

;

14%
-

114 Va

116 Y;

34%
113%

113

*115Vy 116

Oct

24%

Jan

T35
•

110% NOV 23

Mar 28

'425
,

;

100

52 »A

*108%
*iio%

,110%

v."

22%

•

52%

*108%

.

125

34%

.

14%

45%

30%
y;.'y

50 % Dep

22
24

17

B w V_— ..~No par

ser

Mid-Continent

;<

-

40

69%.

•113

•110%

,

158 f

158,-.

>52%

•113

112

•

125

34 Ve

35

12

:

♦122

52

33

Deo

.165

Jan

y

•20%

r-27% Jan-29

preferred—

Miartii • 'Coppqr_----—^—

9,900

>55% 256%

;

*68%
; 21%

69%

♦63%

..

;.'i 523
■,:•■„
52% 553 %;';;■

•108%

33%

j. *51%

May 29

66% Nov 20

2

.

16 % Feb

.-(Mesta -Machine '•Co.-.^-i.
•Metropolitan Edison 3M% "pfd—190

(100

>

r

6,200'

.5 6%.
159

♦,158 •':•)<'

;

22"'

•108% 110%'

T4%

46 V8

20% July

181
>

Dec .10

50
54%
;
5% (:onv 1st preferred";Mefch>& Min Trana Co-i_. —Nopqr. >"*33%

280
700-

37%"

33%

34 y2 _,J35%

i

-'

•1071/2

r

.'57:

"43%

15%

45

38
155

2
'16

Jan

31'A Jan

v

1

Dec

Apr

,,

U

106% Jan

Nop'dr v

preferred-w'-w_

$5.50 pfd

3,900

V;'\

.82

80

.

•113

t

125

♦122

Dec

No par
No par

Melville Shoe Corp

2,200

'

>;T2%-

Dec

44

17%

Nov 30

20

5

Mead Corp__^__-___—^
$6 'preferred series A

30
510

"

45

"37

>.'-34%" •34%'
-

21%

110%

yy>no% 112

•121%. 126%
35
35 - ">

16%

Jan

:8%

4

28% Jan

.

.—11)0

•McQuay-Norris Mfg; Cov_.

4,300

104

,..45

;i3%"

,13%

•113

*108 V2

V

Jan

28

-

18

Dec

31"

-

Dec

■

—No >pd r
^preferred
—
McLellan Storea Co——ax
4,—-iy
iiOo
»• 5% -preferred, p.1^—-^i_

>1,300

>105 Va "106

.

'56

.

159

53

*113

•108%

»6T

<

23%

54

24V4'. ■

23%
*54

Dec

*68

147

$4

v

.

c

K,%^;^5.%;>27%

108

57

♦56%

69%

*113

Nov

53

'6

169

2

>47% Jan

Mclntyte Porcupine Ml lies
.McKesson & Bobbins Inc..

1,000
3,900
100

Y;Y^406 jYlOft'- (;■:

78

*107%

108

33 % >34%-

34'A

69 Vb

70%

23%

40% Feb

-

"53 y2

53%
'108

158%

"

Jun

'.8
"T

Oct 29
x32% Nov 29

!,4

No'par

McGraw-Hill Fub^"Co^—

-1,100

jV'iif-''•;('' 37% ^ 38
•:■:

r;37%V.;

37%

37 y4 ? 37%

58

56

Jan

Mar 27

McGraw; Elec -CO_^_—

706

-

■

cum

-hVo -conv

1,000

69

26

78

28

;:;,33%o34 f.-;

>Y

.

~

45

26

78

V

105

43%

.

<

3122%
/*40%
40%

'23

104 y2

104 %

v

McGalF Ccrp_—-^;.—
McC'rciy Stores Oorp____^

700

120'A

105 %

105%

44 V4

<-27 %

-

•'

Wks_.

preferred

>% S6 1st

"•52 y4 "' 52%

;28%

•I.:.':.;i22%.;

25

108

>158%

159

Jan

52

:—_1"

V 't3'J5 preferred—I—Maytag Co

108%

15%

108%

Alkali

'

V»57%

19%

:f4%

■

,,.74..

2

•;23% Jan

_No "par
No 'par

May Department Stores

5&v

109%

Y55%'.

-

—.

-7%, preferred—^

%

15%

J

'

5

3,200

•48%

♦108%

;:iV.-''24% ,,'•25
'
r lllVY

106

44 V*

•37% V39Y;.
54
:-55,V:'

;

166

No pfir

Co Iflc—

H)

Mathfeson

3,500

::

-

•

9

13% Aug 21

10

Master Elec Co_——tiat

100

'

50

49

y .*117

Y

•

y28% ii

104

44%
26 y4

80%

'

81

:,;:39;t

•37%

.

Dec

11

-32% Dec

-

.—loo

Martin-1 Parry Cofp_i.^^>!
: Masonfte Corp

>6,900

Va

>38

-,'•,

50

'69»A: 69 %
T39%. •39%
m
*105%: lt)7"

21% ;:22

•lOoVa

25%

26%.

*80%

'6

Nov

.Dec

Dec

66% Oct

,

-17%

-

44

22% May
30% Dec

37% Dec

28

52

Jan

Nov

40

-15% Jan

preferred*
-j1
100
(Glenn L) Co__——1

Martin

10,500

40%

19%;

-

'34%; .'34%;;

24%

•27 %

105

44%

'6

Dec

32%

37

14

."42;

:

.,40% Feb 20

Market St Ry (6% prior pfd____l00
Marshall Field
Co___,
No par

1,280

-

39 y2
111

'40'A

v

193

V

(i 108 Vz

♦117 Y, 119

v

23%

20%

•105%

105

44%

-2

Jan

<

Dec

36% Dec

,25% Aug 10

No 'par

Maracaibo Oil EXploratibn
Marine Midland' Corp_«

38%

58;

50

■

*r

69%

-23%

27

24

♦103

■

•117

106

♦105%

Jan

174% Jan
26% Feb
36
Jipr

■

11
.10

84% Dec .11

22 ;

?D% Jdn

3

Oct,

60

;19% Jan

-

400

•

'Poftfisj

%.'^preferred——.

8,400

10%

V

'40%

40 V4

30%

■

112%

28%

•

•

119 Yri

♦117

25 1

'.v41% Jan 22

•50

^par

Manhattan Shirt

16%

♦191

•>123% 125
'41 \{:4il

38% ::-39.

♦106 Y 108 %

109%

47% Jan

*4y4'% pfd series A_„*
.i—100
Squafe1 Garden__i»_No par
(Magma . Copper—*
10
Mahbhing Coal RR Co
$0
yMan'atl Sugar °-Co„
I
1
(Mahdel Bros—
•
No 'pq,T

5,300

%

38

•107%

57%

15%

*54 '

"

'125%.;

•39 y2

-

69

38%

40%

♦106

Dec

—10

1,100

16%

•39

49 "/?:■•:■

♦111%

29

"28%
125 y2

^40-

Y40 ."*$
35 %

*69

50

Nopar
'par

-

Y

40%
111

'

19%

31% '

15%

'55-•

r

10%

193

♦48%

'

■

Mar 28

'

8 Va July

83% Jun
86 Va Jun
182
'
Nov

'

108% 109%

112%

55

127%

126

De§

"Madisbn

"

29 %

30%

198

;32

__J23

6% y 6%'

■

'

109

*in%

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;

50

15%

49

6^8
16^8

41

♦191

13%

v

22

V 40 •

,58

30%

:•

•■Y;

48% .49%

13%;

y 3s;;.

•107%

20%

-

13%
38

10%

'41%

X20%

3i y4

'

♦191

49%
109 V

112%

128%

101% Oct 15

5

:

100

100

Y

•475 Y 525

24

,

111

•39

31%

1'3%

41

,

♦107%
: :4oy2

20%
:

♦111%

128%

3

Jan

—

>Macy (R

3,800

37;%

-6% '
-6%
10% -10%
16%.
17%

41%
eo

112%

)■•? 30%

Jan

181

.No

Madk Trucks inc^__—

1,406

•

•22%

%

v.

':6%
io%

6%

••'

,;37'»

•

50 ya

108%

50

67%

>

Apr
Jan

21

..78

18% Jah

fyfitcAfodrews
'B

60%

•

"V 525

•475

-

13%
13%
•22i/2 V: 24

:

10 "A

.

193

48%

6%
68 y4

-

10

33 Va Dec

Jan

•

cP)

'On
Steel(Co

'T-iiIferis
LukCris1

100

545%' 46 f108 y2 109%
♦'28%
30%

,

30 %

24 % ,-25'>-.

;r

■

36
-

10%

17%:

•

24

36

6%

40%
40%
♦108%' TIDY

,

:l3aA

•23

36%

ioy«

•

.

13% Dec
100

pdr

Vn
.No

Loulsvilje

154%

60 y2

109%

•29

y-r 29%
•/24% -525%

525

13%

14%
24-i-

36 '•• :

'

-

2
2

Louisville Gas'&-El A—
♦

3,300

37%

•152

::

"47 VH

%

•108

29%

'30%

yy 24 y4 i 24%

--

46%

"47
••',
109%

•

♦108%

•108% 109%

r

'I

36 Vz''.36%

Aug

21

7% preferred-^—_ ______100 v
—No'par
_—50& Nashville

-

,

906
2,400

'

.

Dec

53 Vb

"42

13

Nov

"

'

59%

/

45%

♦108%

»

Jun

19%

68

Dec

M
37%

''

'

21%

19% Jan 31

Biscuits

-;S v >>><

Yf >•*>>£;•

♦152%

•'18

-17%

1,7%

•■;

(LooserWiles

;;'y!64% f64y4
17%
YV, 17%

'

Jan

-

Dec

..

*!Long'Bell Lumber 'A

1,300

'

y164»'8 ".C5

# ■'64.

18 y4

17% Deo

>iy4

35 'A Dec

Jan

No'par—No'par

'inc
LOrie 'Tstar Cement Cofpi_.

3,400

i

•187 / 191
29 y4 .29 Vi

3D

30.

'

"•

-1

♦29%

189

•

63%

-

27,»A Nov

Airdraft Corp__

30

,.,,.■29%

29%

18%-

30

J71

v

Dec

No'pdr*

'Ldews
'

1,600

r

Dec

38%

•

78

No4par4

71

30%"

70%

29%:,
64%

13%,

63 %

30 .,

29%

f 187

29%'

tli.

-

128%

V

♦187
-

J

:

'

-^62'A

""■"64 'Vt5

'63

:

"02.

Y '30%

'72%'

30%

■Y,

33%

33'A

'

:'62.Y-

'

70%

Y'31lVn/'31%YY. "•
'*72%

i

P.

•

Llnia Locomotive Wks____.

fLockheed

-

34.;,
62%

—No

(Lion OJ1 RefinidgCo™.
y Liquid Carbonic -Corp
;

11,600

33Ve

•:

39 Vi

Jan

51% Jan U

;

.'Lirtk.-Belt CoJ___

1,700

•37%

38

v41%

-

1,800

%

C 32

32.%-

V,"

2%

Feb

29%

7% Jan

'

•57 .- y 57%

Jan

15%

54% Dec

pir

i

Dec

,20 Vb Jan
3 ^
: ilVi Jan- 22

■

;

Oct
Dec

8 Va

>:

60

33

'Preferred
: tily Tulip Cup Corp

31 Va
*

-5 % Dec

22

,36% Jan 23

Myef's TobaCOo- :::ii-33
; Series B

70

Apr

Dec

Llbby McNeill 'is • Libby^__

1,700

y-

Jan

12%

'4% Jan

18

117 % Jun

30

Dec

49%

21

•

,2y8 Mar 26

•Life Savers Corp new

:,700

Y46%

■

'

300

.

No

owens Ford GlaSs.

11

ehare

per

,8

1

Dec 10

;44

Highest
t

Apr

38

?2

17 Vb Dec

24

35% Jan

_„1

:

.'Libbary-

21,100

V

■,

92%

■;75%

"

(The);

4,900

ya

1-98

Lehitta'n Corp

Oct

72

"'4 (

Jan

ey2 Jan

;

•

'Lrtin St Fink Prod Corp
yLerner Stores Cdip' (new) —No par

92%

'46 %

; *

33

'41

1

92 y
198 y.

-;57%-

•37% i

i

12

'g per share

t, per shafe

22

Jan

29 Va Jan

50

preferred

conv

2,700

;v

12:
33

33 :

t '."■

76%

5T"

6%>

Y,

2,000
-V 500

-

)

•'•92%

.

50-

76

58T'

40%

32%

'♦46%

77;

62

,

11%

93

,57%"

1,800

v

.

:v

-

;. 33%

-

y2

'60%

200

;:47Va

26

32

'•

35

93

.

.

26%

- •

\

»/a

92

•198

'

'37% i 37%

■

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;

'12 y4

92

*A

'

74

V '62

♦33

35
93

>-

52 y2

•31%

••26% '26%
32 Y 32'A

200 r

y'47%

49

52 T

Y

94~~

•198

'

*78%

,

.

4%

47

'Lowest

Highest.

j-p per shafe

Par
,^5

•..

■

:

'

52%

-11%

12

•33

,

;v °92%

■

52 y4

' ■ '•'.,
*
Rubber &Vrire—l-l

;Lehigh Coal &'Navigation Co:.
10
Lehigh Portland. • Cements
___J23
15;50Q.. -.Lehigh Valley RR__L_iY.
i
50
''
18,400
Lehigh, Valley CdalNo'par
2,000

-

'

•5iy8

:

15,700

■

•

'

64 %

v

12%

"'

53'A

52 y2

52%
27 Y

52

52%

.*26%
31%

.

'

33

,>

52

''■"■

■'

■J

53

53

','52%

52%

y

IV. 12 ya
.,:'■: :-Y4%

13'A

-12%

13 Vb

•.

40

40

;

'

13

' 15%

15%

16%

15%

>16%

•

.'40% Y4T%

;

200
:

Lowest

■

'"*■*

Year 1944

Range Since January 1

STOCK

EXCHANGE

Shafts

per'shaft

•62%"; 64y2"

64%".:

♦63

NEW YORK

'trie Week

Dec. 21

,V.'

vvVltfer' is fi aire

65%.

♦•63

Sales for

Friday

„

Dec. 20

,y$ pershare

i'

65%

-

Kaiige for Preilditil

STOCKS
lay,

Wednesday
<y Dec. 19

.

!Y V

Dec.18

-V'I'per sfrar'e

~#'jj erL share
*64%*

Tuesday

t

17

,'Dec.

i
"

'

13

8;

48% Nov 24

—50

53

No par

Jan

5

Jan

n'4

21%

Dec

11

5.2

Dec

11

66% Nov 26

87/«

,

43%

Jan

Nov

.}

.,,—w

.

53 Vi i Oct
■
.

I
! :

{
••;•'•

•

N

"

24

22%

24%

49

49

24

i22%

23y8

'

49

49

50

*48

•;Y. 23%'
"*49 Vz

23%

.

50

22%",'23%
♦49%

35%

33 %

34

33

'33%

35

.

35%

33

34 y4

32%

.

17 VB

18

16%

17%

16%

17

17

17%

26

'27

26%

27%

27%

27%

26

'

17

28%

*34%

33 Vz

50%

50

33%
*188

34
194

32%

>y

V:

v

32%'; 33%

*190

*190

30

30

18 Vi

18%

'.

2i9%
17%

For

footnotes

see




page

29
17%

3091.

195

.

' 29 y2'
18

120

15 V2 Jan

20

25% Dec

10

11%

Apr

; 35% Jan

23

56

Nov

3

28

Jan

41%

1

20 % Jan

33%:

33

33

32%

32%

1,100

National

33%

34%

35%

36:

37%

6,200

National Airlines

,

32y2
*190

33%
195

>27%y 29~«~
18

18%

,

Co

—

.

:

165/b

17

5,800

Nat Automotive Fibres Inc

26%

21 Va

3,300

National

Aviation

32

8,800

National

Biscuit

32%
195

31%
"190

27%

27%

'*26 Vz

17%

18%

11 Vz

7%

194

Bond

& Share Corp

28

1.000

Nat

17%

9,300

National Can Corp

Jan

20ViDec

18

Dec

19%

19y8Nov

9

Jan

13 Vi July

24

32 Ya Dec

9%

Jan

15Vs

x34% Dec

3
10

193

Nov

29

165

Mar

181

Dec

30

Dec

14

18

Feb

21

Dec

20 % Dec

3

Jan

17%

Apr

181% Oct

.100

No par
-10
—

13%

23 Vi Mar 26

..10
—

6
3
7

13% Jan

;j_5

Co

preferred

37% Dec
37% Dec

: 9Va Mar 26

.-. —1

Corp

Dec

2

16% Mar 27

.—1

—

17 y4

32%

*190

'

Acme

27.%

Vz

T7% July

S
Nash-Kelvinatbr: Corp_
Nashville Chatt ♦& St. Louis—. .100

33%

'

*28

28,400:

33%

>
-

23

22%
*49

15

20% Jan

23

"

13 Vz Jan -

2

20% May

8%

24%

Deo

Dec
Dec

I

RECORD

YORK STOCK

NEW

t

8

per share

.J

3 9%

40'A

38%

40

38%

30%

31%

30%

31%

18
35

35%

35 Vb

36%

36%

*37 V*

36

11%

12

12

69%
51%

24%

25

•

66 %

106

'23%

24

*165

32%

-:i;

io%

4%

■'

4%

•-

%

"83

1

32

A.;;

50

53

*'■

10%

5i%

io%

10%

-3% /'

"

7 82%

84

-4

4

4V8

21'Va

30

29

29%

28%

29 V*?

13

104%

21

29%

29'/a

105

105

33

27

-1 "27

27

2,000
7,000

,

63,700

4%

80%

"81%

*33 y4

v8'

r3

:

Rights

11,700
1,300

,

'

27

26%

26%

12%

y:

12%

12%:.

12%

1,500

'1,900

•:

•

24

1

27

*56

*■

58%

1177 25

27%

28%,
57 1:;1

27%

•

;■ .1:

27%

27 y8

■1. 27% 127%

...

27

'

-

*

-

■

X10

Sep

3

xliy«

Feb

23% Aug
14% Dec

19%

°/6 Mar

Jan

25%

13'A

Jan

24% Dec

11%

Jan

12

30%

Feb

37% May

0

6

li

Nov

Vt Nov

2

26

Jan

26 Ve Dec

10

9

Feb

14% July

20

.87%

Jan

104%" Dec

108

• Jun

7

37% Dec

■

3

19

r

37

,Jan

S5Va

198

Nov

21

164

Feb

14

141

Jan

159

25

Nov

28

16

35

Dec

6

59

Jun

181

NOV

2
4 1

Dec

-17% Apr

Dec

20

29

34

.Jun

16

Dec

Apr

11

85% Nov

Jun

r

4% Dec

23

:

14% Nov

,2 ;
3 V.

Dec

22 % July

Dec

.

11

28%

Dec

7%

5%.Feb

Dec

Feb

*7% July

;

,24% Nov

30 Va Mar

>]

r8%

lf%

-.;il%

4

Mar 16

Nov
Dec

10

Nov

15

i

23

13%

18% July

Jan
Jan

.96%

130

Dec

12

109

Nov
Nov

Oct

68

106

Yrr

•

<

Jan

56

Dec

32 Va

105 Va

8

110

])
! i

Jan

-•22

8

108'Va Mar 12

Nov

11% July

Jan

Mar

9

V

Dec$L7

61% Dec

,

28%

„

,

47% Dec

r

-104
Dew
27% Apr

28

6

27% Dec

4

13

Jan

97'

Jan

.

i

;

v

Dec

18%

-

■/

Dec

July. ;•}

22

16% Apr

1

Dec

35

V.

3

,

38 % Dec

'

■

Dec

167

■

•

Dec
Mar

54

15% Mar 26

Neisner Bros Inc.—

9

Dec

75

•;

4

Jan
Jan

Nov

40% Dec

'

'

7

38

4-

V ; 7V» Jan
3% Dec

1—No pat

Nehl Corp.

27% 1-1 113,900
57 ;1i:1l,11—_

.

*54

f-i.:

56Va

*54

■1:

157

*54

.1:1."

57

*54

34

*12

1
30
Jan 22
"1;1- iliV'
4%% conv serial preferred—100 ;
10$
Pi b 6
*106Ve 107% 1
*106Ve 107%
106% 107%
*106% 107%
*106 Ve 107%,
107%
1 700
'Newberry Co tJ J)
——No par
66
Jan 4
125 1
11 *118
1
*120 Ve 125
125 y.11
125
124% 124 Va
124
128'/a 128 Va
126%
3%% preferred
100
106
Oct 31
*108
10
1-'1*108
Vv
*108 1
*108 ;•;•
■109
*108
109
"New Jersey Pr & Lt Co 4^ pfd_100
105% Jan- 4
*109
111% ,1"
1*109
111%
111%
*109
lllVal:'. *109
*109
*109
111%
111%
Newmont Mining Corp
45
:
10
32 ,, Aug 20
43%
44
r
2,900
43%
43%
v
43%
44 111
43Va
*45 Va
46 %.
43%
43%
Newport Industries
—1.
18% Jan 25
32%
33%' 11
34 A
4,700
33%
1 34%
347/e
34%
35%
*35 Va
34 1
35%
35%
24
'Newport News Ship b Dry Dock—1
xl6Ve-Aug 14
24%
5,100
24%
24 ya¬
24%
24%
26
26
26 V*
24%
23%
24%
112
$5 conv pieferred
No par / 109 ! Jan
9
*111
112
•111
rn
•111
112
*111
112
*111
*111
112
New. York Air Brake—
No par
45
Mar 22
55% .55%
56
56
55
56
156
56
..■ %
1; ll 1,100.
56
56
/.
57 Va
57%,.: 1
New York Central
No par
1
21% Jan 22
33% 11 183,900
33%
32%
32%
33%
34% 1
1. 32 Va 133%
31% 133%.
33%
1 .v 31%
N Y Chic & St. Louis Co
.—100
32
Jan 22
1*51 '".;■
*52 Va
53
1
400
53% ^
53%
52%
53
53%
53
;;i 53%
*53%
54%
6% preferred series A_
128 "
100
103% Jan 23
'128
::
1.600
*1271. 128%
129
129
129
130% 131 ,-1:' ;.
129% 131 1 1H28
N Y City Omnibus Corp
No par
h '28% Jan 2
*34%
35%
1
35 Ve
35%
1,200
35
*35% i 35%
37 Ve 137%"
35
11*34%
36%
New York Dock
No par
17
Jan
2
'1: *27
28 ^1 i 28 1
31
ill 100
*27
"
3oy»
30
31
31
»27 ■
*27 '•*
'.'*27
r
$5 non-cum preferredNo par 141
Mar 26
*57 " i
'
*59 > '62,
62 •
v
62; 11:1 100
*59
: 60 - I ;.
62
66
1.; ;
60.
*58%
1*61%
r
365 I'll
IN Y & Harlem RR Co__
- —RO
162
Mar 26
*325
■
365 ""11 *330
365
*300
365
365
.*300
36517 1 *300
"i 1*300
N Y Power & Light 3.90?c pfd—100
102% Sep 21
260
108% 108%
108% 108%.I'll
1;
108% 108% 1
109
110
1; 109
11101 110 1:1 1 109
N Y Shtpbldg Corp part stk—
_1 VI 14% Aug 21
19 Va
3,800
19%
1
20%
19% : 19%
111 19%
19%
19%
20%
20%
20%
20%
100
Noblitt-Sparks Industries
^__5
/
37% Jan 20
48
*46% ,48 V •,;-. ,■■■;:
48%
*46%
1*47%
48% r
48%
48%
48% '
*48%
'.;1*47%
Norfolk & Western Ry_
1O0 V* 219
Jan1 2
910
246
249% "i.
249
249 Va 249
249%
256
250
257 •I'
253
;
246
256
L
-Adjust 4%-non-cum pfd
i
100 1118
Aug 17
1*123
124 '•■•II *123
124%
124% 11-:
*123
124
124% '
•*123 ;
*123% 124
;
*123 :v
North American Co
—10
19% Jan
2
-.1
24,300
28
128 ' 111
27%
28%
28%
28 JA
:■ 28%
28%
28%
29
'
27%
"1,; 27%
'5%#. preferred series
l—50
>; 53% Jan-16
"i v 11 400
*54%' -: 55
54% : 54%.iii
55. :
*54%
; :
55%
1
55
*
55%
*55
55
*55
North American Aviation.
-1
V
9Va Jan 20
15,900
13%' ,:'1
14
13%
13%
13% 114%
14%
14%
14
13%
14%
13%
:
40
Northern Central Ry Co__
—50 1 105'A Jan
9
1
111% 111%
*111% 115 11
•:;1:
*111% 115
1112
112
- ' t *111% 115
*111% 115 - V'
:
Northern Pacific Ry
V
100 1 ' 17% Jan 31
39,300
36%"'
'
I'l 36
36%HI 1 35%
37%
35 Ve
-36%
37 Ve
36%
37%
34%
38%
80
Northern States Pow $5 pfd_No par
1 liO
July 6
113
1131V" i ,1
1113% 113% 11
113
113
113%
112% 112%' j -■1113
1
:1 •112% 113%
Northwest Airlines r-i
No par
•
26% Mar 27
4,200
r": 55':
55% l-.r'r 1: 54 1 54% 111
58 V*
58
57
58 Va.
55% ; 57%
54 Ve
:
:i: 54%
Northwestern Telegraph;
130
50
'• 46
Apr 11
53% ' 1
;
*53
53% .I"11 53%
53 vV •"53%
53 -11:
53
*53
'
53
.53
54%
Nor walk Tire & Rubber—
No par
.'6% Jan
2
14 11 1
2,000
13%
13% 11
13 Va
13 V*
H 13%
14
13%
13% ;,1y >v 13%
14%
1
13 V*
1
Preferred
;
:
:
—50
50
Mar 17
li'iv '.v
*55 % ..57% - A?
57%
•
57%
*56%
*55V4
57% 1,
*55%
57%
57%V *55%
i;. *55%
Norwiob Pharmacal Co
—2.80
12% Jan
3
2,100
*18 Va
18%
19%
:*-i .19
'
20 Va
19%
:
19%
19%
19
19%
19;
19%
I-.' *54
; *106%

Apr

19% Dec

Sep 28

21
33

per share

26

32% Dec

r

Aug 17
Jan 2
Sep 19 v

16Va Jan

>

share

per

3

10
-40

(The) Pa

National Supply

210

105

>104%

" 105

V<-

Jan

Highest
'

t

81 Ve Nov

—25 V
—No par

Steel Corp

National Sugar Ref Co

1,400

<29%;

*29

13
xl01%
24
177
152•<

—_J~

—

Lowest

share

per

65
Apr 6
22% Aug 3- ; 36
24'/a
1:15
Jan
6 1
33%
$2 conv preierred
,
26% July 26
4%% preferred ——
--i—100
102% Nov 30 V; 105%
29%
National - Tea' Cd—3——-10 r,;;: 10% Jan ; 3 v
14 %
.Natomas Co
;
No pat
: ,;10% Jan *"3 .

: National

1,800

:

21%'

_1

preferred

'

137,900

33%

20%

„29'/a..

*26%

11

12%

12%

12%

'

•

'

•:: 12 Va

13

»1,300

.

10%

%

4

21%

'

I 105

105

27

28 '11

,12%

*59

>

10%

33

11

21%"
:

57

82

1

33

-Uir 29%

24%
31%

Va

10%

82

83

■

24

■••

r4

1 4%

*104

104

104

1 27 i

28%
'V 13

•;

60

165%

59

•

'

•

165%

—i

.

No par
■National Lead Co
—-10
i:- 1% preferred A
-—100
&%,preferred B
-100
] National Linen Service Corp
1
Nat Mall ■& Si'l Cast Co,—No par
National Oil Products Co__
^4
•; National power & Lt
-No par

40

.

preferred-.
Products.-

$4.50 conv

4,000

34%
198

-

^National Gypsum Co

9,000
240

31%

24

10 y8

21 Va

32 Va

20%

28%

1v 54

10% -

32%

32 V*

22

104%

31% 1;

82%

32%

19%

V'

/

31%

31

52%

10%

83.

1 82 V2

•

31%

1"

165

.*23%

24'/a

31

%,;■.:

22%

67o

500

"

.51%

;•

IOV2

34%
196

197

165

105

No par

National Dept Stores
•

11,500

'24%

23%
105

34 Va

34'/«

165%

'

51V*
;•

29%
V

so.;:;

Nat Enam & Stamoing

300

67%

50

106

*195%

107

24%

,1; 1.;

*105

34%"'.'1

34
♦195

33%

,

•12%

66%

23%

23%

"

106

106 1

i

•

'

30%

,-

,

10%
1

•

1 '

■■24'A'.

■

49

4%,-

83

*11%

Nat Distillers

1,400

67%

51%

No par
No par
10
No par

Products

Nat Dairy

1,3,100

37%

12 Ve

11 67

24%

23%

165%-':; 1*165

30

/

' vV

22

'32%

35%

*37%

'

195

124%

24%

30%

32%

49%:

35

National Cylinder G *s Co

$

; S per share
31% Apr 6
12% Mar 9
13
Jan
4
24 % Jan
2
20 % July 17
11% May it
35% Jan 22
37, Jan
2

No par
1
—1

National Container

Year 1944

.

Lowest

Par ■ /

2,400

51%

*11%

12 Ve

51%

51%

34%

•

*165

24%

24%

34
lyo

165

165

38

/•: ■"'

3,900
1.'

Range Since January 1
Highest

STOCK

Register

Cash

Nat

v

'

..

106

105%

-

35%

195

'194/

165%

•-24%

106

33%

195

35 Va'

37%

'

68 Va

67 Va

51

24%

106

-

35%;

35%
"194

35%

■

3,100

38%

29%
118

'

68

*50%

69%

"

*105%

18

17%

35 '/a i

37'/a

*11%

12 Ve

*11%

51

23%

27%

18 Ve

YORK

EXCHANGE

/I
ill■'

"

>11%

65%
'50

38%

28'/a

'

18'/a

18'A

18%

35 %
36%

1

51%

I'

18%

18

35%
38

68 3A

'

38%

28

39 Va

29'A

Shares

t per share

per share

38%

39 Va

:•

S

per share

34%

18%

35

the Week

Dec. 21

Dec. 20

NEW

Sales for

Friday

Thursday

x29'A

39

32

37%

;

$

share

t per

31%
*18%

■

,

Dec. 19

'

share

per

i

Wednesday

Dec. 18

Dec. 17

Dec. J 5

UGH SAL* PRICKS

AND

Tuesday

Range for Previous

stocks

:

LOW
Monday

9*tnrd»«

Monday, December 24, 1945

FINANCIAL CHRONICLE

THE COMMERCIAL &

0088 1

•

.

110'A July 18

50»/« Aug

|

j

23%

Dec

i

19%

3
19

'

75'A Jun

15

Dec

109

15% Jan

35%

Dec

,

f
|

Dec

!

Dec

r

,35% Apr

58% Oct
34% Dec

.

: v

.

I
1(
i

•

■

.

,

.

.

Jun

148

;

16

118

62
Jan
v; 24% Jan

:>v

,

39% Nov

29

29

Nov

3

65

.

Jan

29%

1111%

Nov

Jan

30 Va

Jan

44%

Jan

198 %

.Jun

14'A

Jan

23%

Dec

rj

33%

Jan

Sep

rJ

8

410

Oct

19

110

Dec

Dec; JI

15

,

•

,

■

.

129

■

24 Va Mar 14

-

-

'

.

'

V

50% Oct- 17

258% Nov

-7

31 Va Dec

47 Va
218

1193% Jan
i 116% Jun

8

126% Nov

..

•

3

■'

July 31
15% Dee
?

59

Dec J 1

<

Dec

i

Jan

19%

Dec

' i

51%

Jun

54%

Dec

,

*

::v'v'. 7%

Jun

Oct

;

\

100

Jan

Dec

? |

•

122%

11%

-

.

112

Dec

11

38

% Dec

11

•15%

,

•

■

{

I8V2 July

.

'

4

•

106

,

xl3JA Jan

.

'

II6V2 Mar

Jan

Dec

22 y*

115%

112

f I

i

Apr

.

63 % Dec

57

,

■'■VI5

:1V'"V "1'.;

1

22%
34 Ve

38%

*116

32%

-

117

17 Ve

17%
*117

118

16%

16%

*116 V2

118

1

29

34%

V-

33%

.-11 11 168

94

*90
76

168

""

>111
1

94

1 *87

.,,11

115%

—

11

32%

32%

*87

X 170

i:.1-

75 %

;

75%

.

34%

1,400

Otis Elevator

170

20

11*28

34

*165

30

..*28 tt'i

94

1

50

No par

Owens-Illinois

1,300

77%

: Jan

28%

Nov

28

Dec

108 Va

10

—12.50

58

Jan

105

8%

26

17

Apr

8%

12

Oct

Dec

108
14%

Apr

Dec

24 Va

Jan

t

18

Oct

11% July

Aug

5 5

93 ■;> Dec
79% Dec

20 Ve Mar

99 % Aug

4

Dec

168

V

•

2

V

13

36% Dec
,

30

Co

Glass

Dec

Sep

30

74

109

Not

32% Nov

22 Va Jan

fl

15%

2

26

16

12 y* May

23% Nov

22

Jan

{?

104%

5 2

34% Nov

4

13% Jan
••23% Jan

Oct
Jan

'

v

12

18% Dec
xll8% Dec

2

/

Jan

S 155

-1002.50

Marine & Mfg

Co

Outlet

94

77 Ve

ll'/a Jan
107

53

11

119

; t-

7

Jan

34% Dec

3

July

Jan

V*

40

Oct
112
23% Dec

12

106% Jan

Dec

4'A
:

21% Dec

16 Vb Aug 20
24% Jan 24

•

No par

preferred

6%

Outboard

200

30

11 VI *87%

76%"U 1

i;i. 76%

75%

6,000

%v p
170 .111 1

iol 34 Ve

107% Jan

-

No par

6,100

16% 'I

16

100

pfd

Oliver Corp.

120

31% i->

9511 A **87%

*87%

r -

—

"

1

4.40%

Co

Ohio Oil Co

No par
4% % convertible preferred
100
Omnibus Corp (The)
8
8% conv preferred A
—100
Oppenheim Collins
10

118

111 e. *115 "'; 117 IV
31 1 '1
•1 *29

117

*165 1

11;

30

94 1 I, 1:

f

75 %

*115

*28

■■

.

.

16%

31%; •1 *31
34%.; ;;•% 34%

*165

1

28%

16%

Edison

Ohio

300

29,400

•11 7,400

Dec

50 Va

Feb

'

11 '■

22%

*116%

117%

11

115 Va

34%

1

168 1

28%

75% 175%

76'";": 11

34%

168

30%

*28%

V.1

1:1 22

-lii

33

32%
117%

Vl63A

"31 -1-- ■il- *30

30 Va

33%

28%

28%

16%

1:

16%
117 :.11-

117

29%

166

166

33%
117%

1

116

34%'i

34%

33
117

1,'

22%

'

116

32

*31%

-33-'VI

21%

22%

22

112 If 112

112

114 "I- 11 112

*112
v,;

22%

,

32%

33%
.
1 11

16%

,.V:1

21%

•

116

116

nil

*112

22%

21%

23

'

112

112

212%

*110%

31%

Jan

Dec

57 Va Nov

•

—

•

•

,

.

17%
37%

>

Nov

..

Sep

157

1471 May
64

7*5%

85%

7

Jan

Feb

64

Dec

Jun

;

U
i i

i

•V-5 ;-iVs
■

21%

21%

xl8 %

19%

19%

*18%

20%

17%

18%

*17%

*77%

83

*77%

80

83

19%

*18%

19%

*18

18'/a

19%

*18

19%

*18-. :

19%

130

*80

85

19%

80

••'■'•

38%

38%

36%

38%

38

38

43 1

43%

40%

42

41

42%

59%

*58%

59

*58

58%

37

74

74

'146

147

173

173

8%

73%

72

146

■

*

58%

*69

-

145%

146%
173%

*172%

87/a

8%

9

84

42

42%

•'•■■■

58%

58%

400

71

72

1

71

♦145%

173%

8%

8%

173%
:

I 71

1,100

145% 146 V

146%

173%

145%

preferred non-cum_—No
2nd preferred non-cum—No
Pacific Gas & Electric
Pacific Lighting Corp
No
Pacific Mills
No

13,100

59

*

;

40

•31%

1.

1

10%

11

26%

26%
38%

12%

78%

37%

38

*108%

12%
108%

3734
*108

12%

12%
*77

Pacific Tin Consol'd Corp

1,100

Pacific Western

*106

108%

52%

50%

52%

71%

68

69

5%

4%

5%

4%

4%

37%

37%

37%

37%

37%

*106

52%
II 67 1

37%

28 %

38

13%
78

••<'■-,

v;V-.

4%
37

4%

,28%

*28%

13%

1 13%

13%

13%

21%

21%

21%
65%

65%

47
•14

14

'

7%
1,

-

14
1

7%
107

*110

23%

23%
44'A

7%

32

108

42%

45

44%

*43%

93 %

•91%

91%

*91

38%

38%

37%

38%

27%
,U15

27%

45

117

36%

-27%

27%

.26%

116%

*115

7%.

109%
30

.-

7%

-

43%
45

7%

112%

*43%

*90%

93

*39

39 Va

35%
-

35%

27 Va

*26%

116

-

*115

27%-

90%

90%

90%

*88%

34%

*38 Va

40%

*38 Va

40%

106%

106 Va

104%

106 Va

106%

11%

11'A

*

11

•-

115

90

40 Va

11%

37%

•27

-•

116

90%
*38%
11

44% -44 Va

*90%

35%

92

11%

42%

1,700
100

'

23'

43%
*43

93

-

18.100 3'

44 <

1,200

'

*

;
•

45'

92

300 '

39

-

100

92 V

-

*36%

39

55,600

42%

'

'42%-

-

1

600 '•

-

35%

35 '•

-

-

30,500

26%

26%

-27

115

34%

116

*115
89

89

39%

39%

100

*104%

107

11%

107

*104%

5 ft

400

40

90%

11%

11%

*11%

Pet

\i

7

117%

Apr

123 Va

Dec

I]

163

Sep

• v

7% July

!S

2nd preferred
Corp of Americu-

100
8

15

71%

71%

-

27%
28%

13%

13%

J 3%

14

14%

-14%

32%

35

24 V*

35

-34%

38%

34%

3«%

37%

36%

36%

70%

69%

70

70

70 %

113

113

1118%

14%
35

36%
70

35%

38%

*112

13 Va

32%

*

35%
38

27%

28%

28 %

28%
120

*118%

18%

42

113%

28

27%

28 %

120

28%
*119

114

27%

28%
119"o

113

27%
*28'A
*119

113%
27%

14'
34.'

37

36%

37 f

13,800

70 %

70%

69%

70 <

920

114%

*114%

116 l

390

114

27%

-

27%

27

Va

27%

28%

28

%

28%

119%

18%

18%

18%

18%

18%

18%

18%

40%

41%

41%

41%

41'/a

41%

40%




3091.

119%

140;

13%

13.800

41%

4,800

Co. com

preference com—;
s
jprefeir^o- ..
Phila & Read Coal & Iron
$1

-

19 Va

page

Phila Electric

1.800

H9%

& Co Ino

-No par
No par

i

Pbilco

Corp^

—-1

I-.——-3

149

Jan

;*Jun 23
Aug 17

4%

Jan

10

12%

Feb

Dec

29

Dec

20

10

j

Dec

17%

6% Aug

13% Jan

3

Dec

8

~8%

Feb

19%

x39% Nov

26

18

1112

29

45%

Sep

51%

Oct

25

31

111
:

2%

*5%

Jan

4% Mar 20

13 Va Dec

21

Jan

16

X80 Va Dec

6

45

J an

61

106% Oct

15

110

July 26

103

Jan

109

56

57% Dec

22

-2»A Jan

24

8

23%

Jan

30

71 Va Dec

27 V2 Mar 26

; 32% Jan

17
6

27

Sep

37%

1%

Apr

17

26%

Apr

31%

18% Feb

23 Va

5 Va

Dec

Feb

1

39 Va Nov

21% Jan

5

30

8

15 Va Dec

29 V*

6% Mar

Dec

6

,
•

4%

8

2Va

8%

Jan

24% Mar 12

15%

May 28

51V2

20%

Apr
Apr

xl8

Oct

59

Jan

5

Mar

9

151 Va Nov

30

10

49% Dec

3

17% Jun

23

*9%

Jan

!9% Dec ,8
112% Dec 20

2 V*

Jan

106

21% Jan

24

72

•

"•

;• Jan

4

62

1

)2

.

Mar 26

19

Jan

111

Nov

59 Va

13 Va

Apr

30 Va Dec

: 3
14

37%

24%

<;

18

5

24% Dec

*70% Nov

Feb

33 V» Aug 21

"30% Jan

16

Jari

r«. 46

16

69

20

49

37 Va' Mar 28

Jan

Dec

12

.

96% Nov 30-

55

Jan

Dec

-

17%

Deo

11

26 Ve

Dec J

30
16

22 Ve

43% Jun

18

U0%

Jan

92% Jan 49

119% Nov

20

54 l/a

Jan

2

116% Jun

25

33%

Jan

41% Dec

11

<

Dec

63

Jan

26

•

Apr

2

6

108

105% Nov

20

Jan

2

13

8

Mar 22

Dec

10

DecJ

70 V*

38% Nov
•

Dec

•

Jan

43 Va Nov

19% Jan

-

32

Jan

23

-

J

33%

25 7A Mar

121%

July 27

14% Jan

.

Nov '. 5:

5%

21

Dec

18%

112

110 V* Mar

11

46 Va Nov

20% Dec '-' 3

;

Aug

-

.

'•

Dec

17% July

Mar

16

6

-Apr

113

Dec
Nov

113

93% Feb
'

11% Aug 23
■

{

.19%' Dec j J
96

.

65V*

Dec 1

\

1

j

Dec

23% Mar

28 Ve July

105%

Oct

107 Va Nov

7

Sep

9%

Jan

; 1

11

2

J5Va Nov

19 Va Aug 20

36 % Dec

■40%

Apr

71

Dec

23

40% Dec

20%

Feb

26%

Dec

71% Dec

149%

Jun

59%

bee

•

Oct

88 Va

Jan

108%

Dec

1

May

217/a

Jan

26%

Oct

9

——1
1

Phelps-Dodge
Corp—
—-25
Philadelphia Co 6% preferred
50
.$6 preferred
'-No par

6,500

28%

41%

see

Pfizer' (Chas.)

4.700'

I1014

40 V8

footnotes

'

28%

11

For

'
.

H9%

18

19%

41%

115

-

Pfeiffer Brewing Co

3,700

13%
33%

36%

y, 30

10

32% Dec

2

.

29% Apr

•

•-,*14%

% Jan

7,

175

3
8

Mar

6
16

100
No par

Dreferred.

Petroleum

1,800 '

11%

•

Dec

—100
—100

Milk Co

4% ft

60

107

Dec

& Coke Corp

Marquette Ry Go5% prior preferred—

100

-

-

90%

*38%

Dec

:

42%

106 % Sep

No par
No par

Pere

1,600

H

{

48

13% Jan

.

22%
:

-45

*43%
i

32,800

v.

•

'

41

106%

-

22%

42%
•

•

Coal

} |

35%

:

Corp———1
^-10
Penn-Dixie Cement-No par.
;$7 conv oref ser A—
No par
Penn Glass Sand CorpNo par
„■>% nrelerred—
—
ion
Penn
Power b Light Co——No par
Pennsylvania RR— i—
i
58
-Pennsylvania Salt Mfg Co—.10
Peoples Drug. Stores Inc
-w—-5
Peoples G L & Coke (Chic)
-100
Peoria «fe Eastern Ry Co-—r-l-100
Pepsi-Cola Co
—
—1_33%c
Penn

2,900

•110

22%
-

45

93
39

*29

•,

7%
110

106%

31

*29

5,200

13%

*

.7,

7%

rill %

'

<*39%

11%

13%

*110

1*90%
1104%

44%

14

<1

.1

43%
>

45%

Dec

Jan

,

Ford
Co
Penn-Central Airlines

25%

Jan

2
16% Mar 26

—;_1

(J G>

1

Jan

17 V*

Jan

Utah

Peunev

■

1,500

Jan

25%

5'A Jan

Pictures

Penick &

400

147%
45 n

-

•

11.300

; 68 i

v

13%

23%

*44%

■

45 Va

22% *
:

45

147

147%

-

11-1%
30

*66

67

800

Inc!
Inc—

I

Apr

13
•

39%

160% Jan

i.100

preferred-

Tilford

Nov

Sep

«

48 Va

Jan

Sep

•

11

V

Consolidated Mines—1
Parke Davis & Co
:
No par
Parker Rust Proof Co—
2.60
Parraelee Transportation
No par
Patino Mines & Enterprises
—10

21,900 1

,20%

conv

&

Park

3,200 '

-

16%

14%
20

8%

21,800

28%'

*28l/a

14%

20%

67

V.

42%'

43%
<

34%

*115

1

•-

22%
-

43%

34 %
A

;

:V 37

147%

*110

39

36%

14

28 %

.

Paramounf
Park

Inc

3

F'H
1 <

V 14%

Jan

8Va

18

I
No par

Prod. & Ref
Cos

Dec

.

X60% Oct

■

100

preferred

Paraffine

:

4,500

VI

*

36

36%

13%

46

14

32

*44%

*92%
36%

45%

13%

r
7%
1-108

"22

23%

43%

300

26.100

53%
66

4%

4%

X20

♦147% 148

*110

42%

28%

44%

■i.

*28%

*43

:.

; :
•'

•;•'•:? 7%
:

v

•44%

148%

,

13%

-

22
1

45 V2

44

<:V

107

*28%

-44%

148

46%

.

='•

*65% 1 66

■

13%

32

1110

'*45

66

149

44

V<

7%

111

.A)110V«
V*29

*65%

149

,

28%

-

28%

22%

67

;•

par.

East Pipe Line—No pare

Panhandle

78,900
v

'

3

19

42

2

Jan

10%

:

'39

38y4 Mar 27 1 75 % Dec
149% Dec
121 »/4 Jan
3

2%^
-8

b Transp

89 Va Nov

24

48

No par

Car—:

11

,7

46

Jan

34 Va Jan

.25

Petrol

22% Dec

1

9

45 V» Mar
24

par

Panhandle

'

20

23% Nov

2

11% Jan

par
par

Pan-Amer

108%

52%
65'A

53%
66

36

13%

21%

149%
47 1

13%

Motor

Oil Corp

American Airways Corp

Pan

4%

76 <-

*106'

108%

4%

37%

13

28%

•'

52%

20%

•

152,900

110%

13%
*72 •>

65%

1

14%

'

2,400

*108

13%
76

*106

53
69

21%

*148

1 1,700

37%

Packard

54.100

17%

37%

110%

12%

■'V 76

108%

14

'•'•*65%

37'/a

*108

V;

10%
•25%

*17

18

37%

'•-

110%

10%

24%

10%

25%

18
:

21

r

10%
x24%

•v.

18%

;

1

49%

28%

10%
25%

31%

31%

31 Va

31%

10%

78

4%
28%

31.

25%
*18
:

■

67

:

;

110%

11%
*73

78

*106

70%

v

110%

11%

53

68

18%

38 Ve

31

25%

*18%

'*74

108%

52%

10%

24%

18'A

*109

12%

78

i

26 Ve

38

V

1 110%

*106

10

107/e

10

31%

24%

>.•■

19

.38%

•

*30%

18

*18%
*109

31%

30%

preferred

6%

:

7,900

8%

8%

; 13% Jan

100
100
1
10

Teleg—_—

Pacific Telep &

130

174

173 'V

—

'

32

Co—

1st

460

38

*37

38

42%

Coast

Pacific

20-

v:•

59
:■■•

9

1 *79

-

42%

>

72

145%

8%

173%

8%

72

42%

*172%

146

♦172%

9%

71

81

*36%

38%

42%
58 %

I
'

*58%

81

'•>

—8
10

Ine

Pacific Amer Fisheries

1,100

*18

19%
: 19

;

,25

vh Jan

Jan
Jan

25

106% Jan

2

57

21 Va Jan

:

2

Jan

;

2

25
3 >7

Aug 22

115

29% Nov

13

29% Nov

19

122

Apr .19

12% Aug 21

19% Nov
44

Dec

8

23% May
117

.<

Apr

119%

Jan

37~

19

31% Mar 27

19

24%

'

1

,

:

Oct;:
July

!;

Volume

Number

162

THE COMMERCIAL & FINANCIAL

4449

NEW YORK STOCK
LOW

G;

Saturda*

Monday

Dec. 15
$

per

$
!

'

69

109%

*30

*121%
58

A

127
58

33

%

127

5

30%.:,
34

*107

10 Va

33%

107

*107

107 Va

*126

'

104
;

22

22%

22%

-'<•'■

*197

■

104

20%

21% 1
23 Va

39%

40%

H%

11%

10

V

14%

14%

13%

65

*117%

A

*117%

82

82

82

30

31%

30 Va

*196

*196
^0

63

82%

82

31'A

19 %

19%

*101%

1027a

28

V4

*27'A

28'A

*27 %•

*253,4

26 Va

-24%

25%

24 Va

247a

*32

33%

A

£3%

25

*32

•

33%

A'G.22%

23%

£4:%

M ih

%

64'/a.

%
A

64%

-

*32
;

23'A
A:./

31%

%

64%

63%

24'A

A

s/e

'••'

32

22%

19 Vi

19

>102

64

24%

23%

A

23%
A 113

112

123%

122%

129

130%

129%

141

141

*114"a

114%

60 Va

23%

-141

1147a

*114%

62%

a

23%

125

129%

130%

141

141

114%

■'

-62%
23%

•22

;

141

314%
58%
22

1147

a

A

60%

111%

111%

111%

33%

33%

337a

*33%

23

23%

Plttston

■

Pond

Poor & Co

24%

Pressed Steel

"

:•

A

A*

23%

v-

4

r'A

5J

/

61%

125
131

-140%

141

114'A

22%

Pub

$5
6%

•131%

18

:

*

18%

*89.*

17%

A: 136

A

-A

89%

17%

«

137

■

-

*109%

110%

*41%

42%

?

22

16%

17%

17%

89%

90

16%

16%

135%

*109%

131%

130

x

109%

*41%

42%

20%

21%

37%

37%

*109%

16 %

17%

89

16%

•

16%

132 v: 133

109%

110%

17%
; 90

v

132

110%

A..,.

16% ■: VA
132

i30

*109%

110%

*40%

41%

*109%

-

110%

'

>40 Va -.42%

22%

21

37%

•

37%

37%

:

.

22

'

38

AA

132

40%

41

A A, A

40%

22

22

22% A'A,; 'A

21"'a

22 >A

*37%

38

37%

37%

37%

38

A A,,:

$5

Jun

99

Dec

3

28

175

Nov

175

Nov

3

2

27% Dec
33 Va Dec
■V' 25% Dec

8

l

16% Jan

22
8

'69

11

8

8 Va
;

10

3

A AA 24%

55

Mar 27

17

par

.26% Dec

•'At.
A

1

Dec

Jan

14%

May

Oct

83% Nov

16%

Sep

19%

July,

19'A

Jan

25

May

8%

Apt

13 Va

Dec

,11%

Apr

18 Va

Dec

.

10
10

66% Nov

1

A

Jan

2

27% Nov

10

52% May
13% Jan

59

par

18%

Dec

par

,102% Feb

16

114% Dec

21

87 Va

Jan

18%

Dec

W106%

Jan

30

125

Dec

19

96

Jan

109%

Oct

110

Jan

4

138

Nov

10

104%

Jan

113%

Nov

121% Jan

3

Xl48% Nov

14

113%

Jan

122 V*

Dec

113% Nov

119%

Feb

Corp

No par

a

May

118

Jan

20

65% Oct
24% Dec

10

A 37%

Jan

8

147/a

Sep

v

112% Nov 29

4

103

Jmj

52 Va July
18
Mar

Jan

108 Va

Dec

Nov

13

19%

Jan

24%

Oct

22

AA 22% Dec

11

12%

Jan

16%

Aug

23% Jan

3

35

'

No

par

10% Jan

2

-19% Dec

10

-8%

Apr

No par

78% Jan

12/. July

15

90 % Oct

' 8

89%

Jan

80%

7% Mar 26

18% Dec

10

7%

Apr

145% Dec

10% July

10

85%

Jan

1

mm

100

3%%

Jan

1534 Jan

preferred

conv

$2

9

Jan

preferred

Corp of Amer
$3.50 conv 1st preferred

1,000

Aug

100

(The)

Rayonier

22%

Jan

Dec

100

pfd

91

,

Jan

2

100

No

103

par

33

July 18
Aug 11

1

Raybestos Manhattan

4,900

11%

VA 12'A Jan

preferred

Ralston Purina Co

130
300

"<

6

par

preferred

6%

Dec

100

Radlo-Keith-Orp'

880 A

A

40%

21%

.

.7

73

Wo

Radio

1,200/!
38,300

Jan

57% May

30% Dec

Quaker State 04 Ret Corp.

70,000
V

9% July

26

12

106

A

67/a July

Jun

27% Dec

100

17

Jan

Apr

No

*

Purity Bakeries

89-*

6%

61%

188

8

,16%:.l

4%

Sep

100% Nov

24

-

Aug

43% Jun

22

16

Mar

Apr

45

A 91

9

17

*88%
...

Dec

Jan

183

26

69% Jun

19

47% Jan

16%

89

Nov

100 %

par

preferred

conv,

90

Jan

Sep

j 1 Dec

Corp of N J

preferred

5%

Feb

U%

82

27

' 112% Oct

32%

VAA 89%
;
16.

Jun

oar

111%

Nov

10

12% Jan

No par

32%

17 Va

198

No

*110Va

17%

12% Dec

2

No par

33%

23 Va

10%

15% Dec 10
117% Oct 17

20

Jan

Pure Oil

32%

89%

Feb

21

Pullman Inc—

33%

15%
128

68

61

33%

89%

.

2

23 A:-

111%

:.17';V

r

4

/Mario

59 V2

22'A
111%

Apr

68%

205% July
9
17 A. 40% Dec 17

74'A Jan

£—

Wo

Dec

Va

8

2

22%

A

61

112 Va

34

Jan '

171% Jan

Pub Ser El & Gas pfd

1147k

~7

July

364%

105

No

Co Inc

Gamble——

7%

141

*114'/a

3

Wo

B

Car

8%

132

A140%

V:

1,500

4

Serv

114%
125

11% Dec

—

—

23%

22%
113Vs

28
108

49% Mar 27

—7 %

Pocahontas

class

Procter &

Feb
Nov

1

Rights

124%

11471.

60 %

23 Va'

A,

creek

63

23%
105 Va

26

8Va Jan

—,100

Plough Inc—
Plymouth On Co—

32%

130%

pfd

14 % July

13

20

99

;

Nov

Apr

9

48% July

28

Dec

A;,

100

16% July
117

Sep

28

25% Dec

39% Dec

.100; \

Feb
Jan

42%

Sep

100

22%

;

pfd

pr

(The),

23 -J

114

conv

27%
24%

s*lll%

111%

Co.

22%

123%

A

ser

11%
x98

37% Nov

15

6Ve Jan

v

share

per

108 % Feb

23% Now

j -.

,100

Pittsburgh & West Va

; A*30%

113 Va

A

62 Va

60%

22% ;

112Vs

33%

113%

123%

-

1st

100

t

126

17

par \

A—:

6

31

Put

B_—

23

63

—10

class

Dec

2*

Sep 29

190

No

class

5% %

A',

No

preferred

24%
hi

62%

Co

pieferred

'

•'

130%

140

63%

112'A

A

24%

35.

23

20% Dec

—100

bolt

6
7

15% Jan

100

5%

19 Va

*26%

31%

AAr%

A 63%
23 Va

123%

*140 Va

62 7

IS

&i

Pitts Young & Ash

24 Va

24 Va

%

Glass

Jan

85 Va Jan

x

preferred.—

13

Dec

Dec

8 Va Mar 26

No pa*

Preferred
;

28 Va

34% Dec

share

6

59

per

Highest

13

Apr

124

118% Aug 20

Co.———1

7 %

81

18%

:A
Coal

Wayne & Chic Ry

Plate

-

par

Kuigms* GO'—

-

$

share

Sep

2

1 Jan

105

par

100

—

Co—No

Pittsburgh Steel Co

31%

*30%

19 'A
102%

A 22%'

114%

123%

130 :

'.*111

23
> 24%

•-

"A

123

J 30

'

•/,.

111%:' 112

112'%

V

24

23 Va

'24%

111%

/A123

32

23

'

A

:*

27'A
24
31%

A

7 %

64 Va

81.

31%

Louis RR

Chemical

p.pferred,

.ruia otiew

A.

*196

-:A24%

:'

•

63%

>;

*196

24%

33%:

22%

63%

82'

Ft

25

No

Si

&

Consolidation

Pitts

130

82

:A -24%

23%

25

23%

•

♦117%

&

conv

Pitts
14

130

O

Mil

10 Va

64%

28 Vi

*5

•

10%

64

*27%

Pitts

6,90.)

13Va

*117%

•

i

,40

14%

102%

*102

A

28 %

Coke

11

25

per

113

Mar 29

44% Jan

——5

Inc

pieferred
O

"

*203

Mills

Pitts

703'

11 Va

31%
A

A":- 19
•;

*27%

$4

Hoslerv—

8,OKI

21Va

14

__

111

Pilts

10%

A

100

10

*197

■

82

*196

V:

20

A

65

102% t

*102

14

*117% 120

A"

*196

•19'/a

20

102%

•'

11 Va

30%

>A;

*107

par

3,400
V 220

24

$

Lowest

74

par

Pillsbury

105

39%

*203

13 Va
'

40

39%

A.— ;—:-

.

10%
"i

66

■

40%

share

No

Pncenix

10%

23 Va

%

per

56VaJuly24

—_Wo

3ou

135

•21%

22%
24

$

5

100

fxiiJUj,o j-mts Corp
7%
prefeued

107 '/a

105

Far

_—,—

,

Year 1944

Highest

Phillip!. Petroleum,

5,200
2C0

10%

Lowest

107% Sep 11
14% Jan 20

34 %

lCv

Range Since January.1
■

a

;

preferred

32

*126

105

21%
*23

4 'A

'

58 Va

*30%
*

""'''■•'A'

100

127

A *33*A

10%

104

*203

•

120

62%

31

30%

a

*102

10%

63

135

22%

397a

13 Va

83 '

82 7

AA

10%

62

107%

24'/a

*797

:.

206%'.

65

-

•"

,

•

*107

*126
A'; 10%

104

21%

.

13%

•

14%
130

34%

10'A

*23
A

40

*201

205%,
11

A/A:

'/A

23%'

39%

32

*34

135

21%

*197 A,

*200%

*117%. 130

21

57%

*30%.

107%

10 »A

*103

103%

*122 Va

58

34%

*107

V

127

*122%
57%

Rang£ for Previous

STOCK

Philip Morris & Co Ltd——;

3,400

34%

*31%

VORK

EXCHANGE

Shares

66 Va
111

37

32

the Week

share

64 Va
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111

*31

.

*126

:

10%:

23%

•

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203%

10

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23

,

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30

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67

,,

NEW

,

,

Dec. 21

per share

67

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57%

I 78

A -107

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104

*30

127

20

23%

34%
107 Va

*126;:' 135

'

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58 Va

30%.

o7

,

34 %

30 %'

S

68%
111

Sales for

Friday

Dec. 20

v

per share

67%

*110'

111

'

*34

J

•

32%

*29%

; S

;

A '

68

67%
*110

STOCKS
Ibursda*

Dec. 1.)

IK

per share

$

68
110

*121%

Va

*30',a

:

share

per

66 %

110

34%

'•

Dec.

3089

RECORD

PRICE8

Wednesday

1ue»da?
;

Dec. 17

share

63
*103

HIGH BALE

AND

CHRONICLE

16

Mar 26

Inc

preferred

23

34% Jan

•19% Jan

Dec

7

Jan

8

43% Dec

28%

Jan

Nov

7

12 %

Epb

38% Jun

8

28

Feb

34%

Dec

29% Mar 19

15%

Jan

21%

Dec

50

-

32%

Jan

42%

27%

Jan

36%

Dec

5%

Jan

13

Dec

155

Dec

-25

2

50

111

Dec

107%

30

33%
V.

Dec

18

July

?

26%
:.

'

50

*46

AG;.": 26
1A *107

A:

47%

•:

46
25

A ;;

107

/-.•:

i

110
*28

43 Va

X42 Va

42%

347/a

33'A

A

45 Va

24%

26%

,"

50

*45

A.*v'
24% :A:

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105

128

122%

24%'

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29%

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Va

42

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.

46

AA'vA

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24%:/-./

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A.A

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103

26%

17%

18 Va

31 %
V

22 Va

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18 Va

30%
•

103

25'%

26

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•

17

>
■

v.

24

118

122 Va

.

21%
107

33 Va

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45

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10%

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26 Va

16%

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15,8COiTl

Ay

26,800:;':.
700

A

35%

44

29

10%
27%

28 Va

43%

45%

43 Va

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va

23%

17%
26%

/;

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23'A

45

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33

31%

31

28%

28%

31
2 6'A

27 Va

27%

52

52

26%
113

si m

13

91%

12%

11 Va

'

36%

36%
71 Va

52

%

92%
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12% A

35%

67

C8%!

28

91

56

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v?

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13

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36

36%

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113

111

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113

%

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%

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.

113

.

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20%

18%

19%

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24

24%

25

25

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97%

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98

98

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82

*78

82

*78

I9

*78
:

20%

¬

69 Va

60

69

31

32%

31%

32%

11%

":

44%

23%

38

17%

17sa
7%

'

55%

32

32%

11
43%
39%

10%

1,700

27%

Co

Ruppert/

Rustless Iron it Steel

2.COO

fit

7,500

Safeway
"lavage

93

22,CCD

Schenlcy

200

44
40

29

$4

34%

34%

67%

,67%

28%

9,800
:

i

29%

2,400

20%

18%

19%

19%

60%
19%

6i%
20%

60

60

58

19%

20%

23 'A

23 Va

23%

5%

2,600
2.800

Reagrave

36,000

22%

22 Vt

23

/

113

25 Va

97%

•

.

.

r,V,: ;'A23% A

111%

140

19%

98

82

7,100

111%

19%

25 V«

v

21%

27,800

24%:

25

97

23

1,100
A/./ 290

97

22%-

>.AA

*78

80

.20

20%

a;- A 65

65%

vA

>

66

A :

AA.A 32

67

32%

'

VA

11
44

11%
42%

40%

40

*38%
19%

12

43'A

V;»; 40

19%

19 Va'

19%

59

58

58

59%

*58'A

20 Va

20 Va

*20

20%

23'A

*23

23 %

23 Va

*20

21,000
2,900
300

37,000
800

20%

1.100

23 Va

80

Corp

Oil Co

&

400

17

67,100

7%

46,700

South

*36

32%
55%
177

x33%
55

*173

33%
55%
177

34

54%
*173

Rico

Sugar

35%

36

36%

36

36%

35%

Southern California

23%

23%

23%

23%

23

23%

23

35%
23 Va

1,900

23%

1,300

Southern Natural

60%

58

59%

59 Va

60%

58%

59%

58%

59%

20,600




■

Nov

16

28

Oct

27% May

A38Va

Dec

110% Jan

115%

Die

23
9

109

Feb

115

Nov

Jan

110

Jan

,

41% Aug 31

par;

65'A Oct

113
37

;
-

7

Dec

Nov

15

30% Nov

20

20%

Sep

25 Va

May

14

% Dec

10

2%

Jan

8Va

Dec

NOV

7

24% Oct

18

16%

Feb

Mgr £6
1"

26

16% Jan

22

par

9%

4~5~Va

40

7% Sep
78-

A

6

107 % Oct

par

Jan

23

Mar

35% Oct
17 Va

7

37 Va Mar

8

71 Va Dec

31

22 % Aug 21
r

Aug
Dec

,

Jan

3

12'/a Mar 27

114

24% July

Jun

27

21% Dec

21

Dec

10

13 A:

May

18'/a July

100 A Oct

17

637#

Jan

78% July
14 Va Mar

:

28

•

Dec

9

Dec

7

11%

Sep

par

74

May 15

79% Nov

8

72

Jan

par

13% Jan, 23

22% Nov

27

9y8

Jan

15%

Oct

par

59

July 23

70% NOV

9

48 Va

Jan

61%

Dec

24

Aug 21

36% Dec

3

20%

Sep

28%

Apr

12% Dec

10

par

15
20

10
13

5

No par

ioq

Edison—

Gas Co„
Southern Pacific Co

5% Mar 26

32% Jan

23

7.50
No par

25% Nov

3

May

76 %

,

7%

Oct

Dec

2

46% Dec

3

24%

Apr

35 Va

Sep

2

44% Nov

7

23

31%

Dec

14% Aug 22
41% Jan
2

21 Va Dec

11

Apr
Feb

16

Dec

Sep
Apr

42%
J- 18%

Jan

Jan

23%

Jun

30 Va Feb

,

65 Va Dec

7'

15% Aug
9
22% Jun 22

22% Dec

11

24% Jun

5

48% Jan

96

22

29% July 27
2
13% Jan

1

preferred

36%

3091.

56

115% Mar

108

8%

58

'

23

2

Southeastern Greyhound Lines

23%

■

Jan

July 27

13

South

36

'

19 %

110 % July 25
8 % Mar 27

Feb

114% Jun

10

60%

'

23

3

1,200

36%

page

Jan

Jun

109% Nov

4,500

23'A

see

:37

22

108% May
1
30% Oct 31

55

Porto

14%

9

2

178

eo%

i-

11

34% July

17

Am Gold & Platinum

36%

footnotes

30% Dec

24 % July

Jan

10

Socony Vacuum Oil Co Inc

54%

17% July 17

Apr
Jan

7

par

37

*173

Dec

Smith (A O) Corp_
Smith & Corona Typewrlter.Wo

87

17%
7'

54%

34

par

37

32%

Sep

No

88%

177

21

5%

17%
25

14 % Dec

Iron..

17

54

Oct

11% July
Dec

17%

94% Dec

—

Steel

preferred

37

32%

26

Feb
Jan

61% Nov

Wo

87%

*173

Oct

No par

17%

55%

7

48

:

No

Co

38

32%

19 Va

Jan

8%
13

—15

A) Pen

87%

177

Nov

No

37%

54%

39%

Wo

87%

V*173

13

21

Mar 26

No

17%

X32%

7

33

No par

ser A

;,23%

For

11% Dec
29% Nov

No

36 Va

32%

55%

7
10

Dec.

Dec

July
35% July

13

pat

_1

86%

6%

Dec

6% Aug
19% Apr

Oil

Sloss-Sheffield

$1.20

103

16% Mar 27

No par

Slmonds Saw & Steel

Skeily

46% NOV

V

23

& Gas—

(Prank G)

Oil

21

11

1

17

6%

I'

No par'

36%

7%

May

Wo pur

85%

%

36

99% Sep

Dec

15 %

23

Del

37%

7

8

16 %

100

x42 % Feb

Co

88

6%.

37% Mar 13

88

Jan

10

Oct

18% Nov

1—No

w

17%

2,200

28

Silver King Coalition
Mines—^
3
Simmons. Co
—.—1 „Wo par
Sinclair

Jan

12

12

2.50

Corp—;
preferred—i

Union

Apr

8%

117% Dec

18

?l

Sharpe & Dohme
$3.50 conv pref

Shell

Jan

85Va

12% July
Dec-

Jan

10

26'A Dec

common

Sheaffer (W

21% July
Dec

No par
No par

&

Shattuck

160

63

10

31

Corp

Co of

3,400

5,700

21

Ded

40

5

Sharon Steel
conv

Dec
Nov

Aug

102 */8

Jan

Nov

>

$4.50 preferred

$5

Apr
Jan

37

2

Corp

Shamrock Oil

16

No par

Roebuck

Servel Inc

<

6%

23% Dec

5

6,700

..

32

32

Sears

j 16
'87

110

Jan

2

Corp

Line ctfs

Seaboaid OU

13%
36 Vt

•

23%

.99%

Apr

14% Jan

preferred series A w i—_100

13

Apr

8%

8

5

preferred

35%

Dec

X83% Mar

31% Jan

1

preferred

13 Va

Va

*23

■

13

10 % Jan

Oorp„—

Seaboard Air

Nov.:

24

15% Jan
98

100

Distillers

36 Va

10%

20

.

10

Nov

16 % Jan

—Wo

Paper Co

$4.50

*108

43%

%

ficott

Dec

A18

87% Jan

Mines——"

(The)—i,

Arms

33 Va Dec

'115

par

Stores

11,200

4

16 A/ 24% Oct

par

...

preferred—.

12%

14%

>85%

Feb

18% Dec

22

11% Jan

Lead—————10

Joseph
5%

230

7% Aug 20

19% Jan
102% Jan

100

Jacob——

25%

A

No

Ruberotd

52%
114

10

Jan

Dec-

Feb

.11%
18

102 Va Aug 10
29
Dec 10

No

2,200

'

V' 36'A Dec

5

3

.

•

Jan

50%

6

6

22

90

10

B

A.

1.200

31

31% Dec
44 Va Dec

99% Jan

100

Corp,:

700

-52 %
52%
fV 113

A

Oil

3
3

22% Jan

No par

series-.

Antelope Copper
Typewriter

Royal

1

Jan

15% Jan

—IOC1

Company

Roan

61,200
A

45

*110

20%, 21

11

44 %:
*39

14

6

1

6%'

!

7%

177

32%

39 %

Dec

28% Dec

'

17 Va

■,>"

34%

33%
177

A

'"'V

A%A *78 A.

67 Va

43%

86%

11% A;-A-

Ritter

91%

93'%

54%

68 Va

22%

20

10%

143

No par
,—100

*35%

90

*36

:

19%
67 Va

*23%

/:.

*88

82

19%

io% ' 11%
44%
40%

23%

*78

69% July 26

v

22% Jan

in

No par

class

Mfg" Co

Richfield

12%

113

xl9%
A

A

98

69

19

20%

*23%

32

42 %

•

41

20%

82

12%

Rheem

/ 4.300

'

19

*67%

40%

11%

44%
*39

,-v

A'
Va

23

1'

L-

ser A

Tob

3.60%

22%

20%

25%

*69

24%
*113

■

:s%

%11%

20%

23

25%

68

28%

113

20

A A'A' gs

Jun

25
;

;

13

23%

25%

>A

137

Spring--

Preferred

'A 1,200

6,

22

1

i
*

preferred—.

35%

%,■

S : 36%

22%
.

52%;

52%
114

34%

69

36%
23%

27 Va

'108

35%

% 35

28%

•

12%

:94

113

29 %
*13%

r-

25 Va

'113

*108

35

69

?8%

28%

?

*52%

:

51%

v

12%

►108

68

52

25 %

113%

25%
113

113

36%

35

70'

27%

54%

54%

•110

*108

*108

27

12%
93%

91
,

113

*110

27%

25%

12%

*54% ::"56

56

113

27%

.

46% Dec

16

16

100

Common

2,600
A'

28 Va

28

p. 45 >:
:%30%-

31%

113

113

94%

90%

93%

*54 %
*110

113%

12%

;/

31

27%

25

113%

13%

31

51% 5 52

52
26

25

26%
113 3-*

31

'' A

17

27% AAA

31

Jun

11% Jan

10

prior pfd

conv

36% Jan

5

102% Oct

—Wo par

Inc—

Reynolds <R J)

A 500

,

16%

11%

6 %

90

26%

28'A

1st pfd

with warrants

Motors,

Reynolds

3,900

Av

45

31

■

24

& Co

Reynolds Metals Co—
5 Va % conv preferred

.17,900

43%

23%

(Robt)

5%%

4,500

21

A/
*

'

*33

•

Mar

5

Revere Copper & Brass

50

'lOHa 105%

23%

16%

45.

:

'

26 Va

*28

■

A1 A> A

loo

17%

11V# >11%

.

.

43

100

Republic Aviation Corp
Republic Steel Corp_i

40

.36%: A"

43%

27%

:

*26%

11 Va

Hosiery

Preferred
Reo

>

8,700

114%

20Va

36

'

11 Va

*43

:.

24 V*

24

16%

26 Va

A

45'

21%

35%

A

*104%, 105;

104%
24

23%

27%

28%

A::A

104%

24 Vt

Silk

Preferred

jf-;'::

2.8C0 Y.

.

'A;-A X34
/ *114%

34

)
'

22%
107 •."•,••»
34% P\i'

107

43%

36%

*43%

50

Corp
Mfg Co
Remington-Rand

4,700

';
...

112

21%

21'A

21%

35%

16

29 Va
45

21%

36%

X27%

•

45

21%

36 Va

23%

17%
17%
*28% A 30 -SA
11%
10'a

G '

21 %

37 Va

104% 104%
•

*M *29

22%:

AAA 45, A:

1-05 Va

A'2 4%
'

■

%

'

40

105%
'

21%
36 Va

22%

37%

2nd preferred

Reliance

'

22%
37 Va

%■

non-cum

Reliable Stores

.

*111

A

710

25 g A.25VAA/0.
17 16%

'

34

117

,',A 117 AAA A-A. 117

50

Rels

400

.

22%
107

A

./40'%/AV/

34%
*101%; 103 s i

25

111:,

21%

108

*107
AA. A 33%

33%

/

112

v.

21%.

/'

29%

■

40%
••34

*101% 102%

•

1:,'

22
107

31%
A *115

112

1st preferred

Real

130

124 V2

non-cum

4%

A

400

.

4%

'A

2.2C0

25
A>; *25%, v26'
-■heA 17 & {17 %
A A, 16%,
A
30 -y
30%
A isA
30%

:

.

A-

li~ A.,/ '*

24%

~*28 Va

103

•A *101%

46

Reading Company

*

,

107%

42

33%

iVv

30%

29%

*111
•

.

117

116

-117

*116

•

108%

*107

108%
34
A-A

32%

*101%

AAA

26...

31
29'A
111
111
22%
21%

V'A

112

22%

AA

.

31%

*13.1

103

25%

16%

26%

5,900

'.A'AA

>104%

'

33

•;

50;

'

29% A,

•

■

26%

*49

106%

124

*40'/a

-

,

'?/

*45

Vi'-v.A

*105

105%

■

50

123

104 Va

120

,

A/A 'rt 26

26%

*49

46

24%

104%

28%

30%

43%

.

27

*49

49%

23

121 A,AA

34%

.t

26%

26%

45%

*29%
:

26 Va
*49

49%

45 Va

107

141%

'26%

23%

v

26 Va
108
A

.140

:

25%
A.A; *49 Va

26%

*49%

Apr 20

26% Jan
17

2

Jan

20

38% Jan

31

13%

29%

Jan

Dec

3

Feb

64 %

Deo

16

23

Apr

31%

Dec

10

12

Jan

14% July

3% Jan

5% July

18% Dec

...

20% Aug 20
40% Apr
4

35

■■/ 22

40% Oct
*

155

10%

36% Dec
60 Va Dec

lb

8

1

180

Nov

29

37

Nov

16

20 Va

Dec

28%

Jan

141

Jan

21%

Dec

45 Va

Deo

162

!

Dei

22%

Apr

26%

Oct

'24% Dec

11

13ya

Jan

17 %

Aup

XTn„

on

23%

Jan

43 Va

Des

C r,

Monday, December 24, 1945

CHRONICLE

COMMERCIAL & FINANCIAL

THE

Range for Previous

STOCKS

Dec. 15

S

$ per share

56

84%

84

55%

83%

83%

92%

92%

94

19

12

10%

18

17

91%

&

*88

*43 Vs

44

42

43%

36%

37

34%

37

*80%

83

80%

so v4

22%

20%

22

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10

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24% July

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7

6

: 104

July 19

64%

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15% Maf

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,

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94

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10

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19

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19% Dec
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f

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Dec

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13

3
20

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Nov

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Dec
Dec

11% Nov 1

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109

3

26 Va Mar 21

102

Dec

5%

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,

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7

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:

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119

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23

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,

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.

;

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30

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27

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106 Va Oct

52

Va Dec

120'

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Nov

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8

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19

Dec

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9

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22

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15

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5

2,

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3

25% Nov

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Dec

13

•

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8

40.

114"

2

Jan

1% Jan

66

Sep

3

3

38% Jan
:

110%

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62'% Dec
2001/2 Dec

2
: 28% Feb
7% July 20'
22

11

22

22 Vs Mar 22

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Dec

33% Nov:

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11

120/

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109 V4 May 25;

.

5

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1

Jan

34'/a Jan

par
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Merch & Mfrs

12%

11

101

Fruit Co—

United ;Oas

Dec

15

15

; SO

S

1

Nov

35

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16% Jan

—100

—

Dec

167/e

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61% Dec
18% Dec

,21

:—i—_.i

Corpi

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•29%

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Dec

37% July

55% Nov 27

30

4% Jan

Jan

6%

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Feb

•

——:

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14%
A?. 8%
:

Oct

50%

Apr

.

Jun

12% July

Feb

;

9% Mar 27

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preferred

4%

32%

Dec

8%

•

Sep

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♦

14% Mar 31

45

/

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11

106% Oct

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Jan

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•

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51% Nov

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33 V4

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61

United Corporation

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prelerred
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13

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preferred
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300

i

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180

42 %

see

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30

13% Dec

: Deo

33

Apr

27 Va

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♦"*♦•

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25
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77

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62

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84%
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44 34 Mar 29

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79%

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,

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25%

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6

2

2

—

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10

7'/4 Jan

No Par

Union CM! of

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17%

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3

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u

42'/a Dec

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29

United Air Lines Inc__

: 200

A

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106

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40

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r
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115

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115

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•

37

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.

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16

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3

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9

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20% July

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25

preferred
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2nd

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12%

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'

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preferred——_50|

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31

22

31

7%

10

73 % Nov

-

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79

•

Dec

27

18% pec
lU9

u

Mar

10

1*

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prior pta——

700

14%;,

Oct

13% July

Feb

NOV

5% Aug 20

Corp.———-—-1—1
100

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Dec

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17% July

Feb

8

33% Dec

2

16% Nov 30
57

Corp_•—-No par
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$4.50

'

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24

preferred

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$1.50

3,400

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146

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144

144

51%

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18,400

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/

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.

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•

104%

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.

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11%

26

18% Jan

3;900

;

111

110%

Nov

22

Air Inc™
5
Trahsue & Williams
—No par
Tri-Continental Corp—
—1
$6 preferijed
./.—No par
Truax-Traer Corp
!
--.No par

12,000

9%

9%

9%
ill

106 "

28V4Dec

TranscontT & West

300

6V2
28%

-•;<

25% Dec

/

Jan

58% July

50% Sep
•

Oct-'* 9

;•

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11% Jan

Corp——A..-.

Transamerlca

2,100

29 3A

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29%

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39

39%
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3v000

45

2

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Detroit

1.800

61%

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preferred

48

47'A

Dec

39% July

Sep

"

3

22

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110

106 Vs'

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.

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1

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47

18 Ve Jan

Thompson-Starrett

2,000

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39%

10

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9%

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24,060

19

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16
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1

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Transit Corp.-No par

Avenue

Nov

"

108

;

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A

18

Sep

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Dec

•

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7

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118

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40

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•;' 9% Jan

Feb

33% July

Dec

33%

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Dee/14

49% Dec
44% Dec

24

Dec

64 %

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/

15

Dec

;

19% Aug 20
105% Dec
6

Dec

115

110
Jan
A. / 2% Nov

132"

:

Jan

12

,

120

2

Land TrustPacific Ry Co__™

Thermoid Co

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19

2

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—0

23

78% Jan 23

Dec

7»% Nov

Sep

10

116Dec

„

Jan

57

Dec

49% Dec

The Pair-™.:

;

115 ,';

• •

33% Nov

i
;
No par
preferredNo par
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preferred „_L
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$3.60

:*

400

110

145% Dec- 13

3
20

Jan

-

115 Va Aug

Thatcher Mfg Co

200

58

58

17%

22%

47

.

Jun

Pacific, Coal & Oil-

Texas &

2,600
■

/A,

'•-•

'•'; 14 •'•*■

14

13%

58

46%

51

>3%

Texas Pacific

104

-

22'A

9

21%

*50

5.900

13,000

61

*1C2

;

60

22

21%

91/4

>

22

63

53

12

Sulphur

Texas Gulf

.1,900

15

14%

57

9%

107

10 Vs

:v

57

15%

52%

59% Dec

Gulf Producing;,,-..

Texas

'

15

112
9%

21%

"

Texas

1.800

27%
17%r.;

10 ■•

Sep

13%

Feb

Texas Co (The)™—™™;

'W:

29

28

*17'A

.

112%

64

111%

100

50

*59'/2
■:

*12%
-

59

58

*111

47%

30

*58'•

13%

17%

59

531/2

23 Vs

13

112%

8%

531%

*58

*39'%

111%

*48 Va

30

14%

601/2

20%

91/4

*:

50%

7% Jan

8,500

*48

Jan

3
16

"

5,000

J

6

23% Dec
991/2 Nov

56

Corp.
Tennessee Gas & Trans 5

29% Nov

Jan

9

33% Jan

Tennessee

"*

50

27%

104

*102

■ ■

19

*18'A

29%

14%

14'A

63'A

*29 Vs

49'A
16%

16'A

'104

*102

63%

10%

1°

36 V*

No par

Corp™.

1,700

Dec

16

38 Vt Jan

Telautograph Corp.

;

Dec

J5

83% Nov

(James)

Talcott Inc

700

75

May

5%

12 V

Ltd

2,100

.

59 Va *

-9%

Co

Jun

Feb

28

22 Va May

12%
29

(The)

Sweets Co of Amer

100

v.

109

59
'

•'-

16

22%

30

*108%

V

'49

49

13

'

.-

v

A

11%
17%

11%

A 17%

61

63

10%

A

28%

15-

20%

30

.

17%

*60-

74

*73

Symington Gould

A

12 Va

12 V4

17%

27%

•2

29%

64

22%

9,900

;

Sylvania Elec Prod's Inc

*12%

V, 50

60 Va

*15V4 >

22%

*63

Swift International

2,300

>

10

29 Vs

,

62

*111

106%

106

48%

*%

50

13%:

> *57%

8%

21%

22 Vs

*105%

5,400

39%

59V4 "

59
:

60%

Vs

14'A

13%

'

112%

8

53%

33

: ,39

109'

109

17%
50%

17%

I6V4

*58
*.'■

59

*111

55%

15

18'A

11%.;
17% A

28'A >28%

104

102

14'A

14

*57

8%

*53V»

*

62

*58

61%

swin <s

13

ll'A

50

49%

:

61

*151/4

16 'A

'

13

50%
10%

50

29

*60

104

14%

15

15

60%

*102

104

*102

29

60

12%

17%

..-100

4,900

t

9

55

8
11

v

29%

29

12'A

109

93A'

17%'

*49

40%

.

.C

37Vs

331/2

39 Vs

12 Vs

109

-

49 %

17%

18'A

48'/a

33 %*

40
»

V

41

Jan

14

Dec

23

53%

3

Sep

39

10c
No par

37%

.,'

Dec

95

24

—_1

r53%

37%

20

2

Mar 27

2

100
10

73/4 Aug

Jan

44% Nov

2.

Feb

4%

2

——No par
pfd (4%% oum)_—100

*40

57% ;

10

Jan

series A

32%

41

37%

Dec

12% Dec

(The)-™-™-.-™!

Superior Steel Corp—
Sutherland -Paper Go—m*/

1.000

j-

13 V,

;

5

Corp™-—,

Superheater Co (The)
Superior Oil of Calif

500

36% ,.36%

s

r-.

*40

*50

*12%, 13
11%* 11%
17%
17%

28%

18

>127

;•
36 'A,

36V4.

8,200

127

Nov

2% Jan
2
A 67% Jan 23/

A—r__100

Sunray Oil Corp____—
Sunshine Mining Co-

25,200
27,800

31%

•T31%

V

130

*127

221/4

20%

20%
32

40%

59%

49%

50%

18%

31%

8%

12

'

Ran Oil Co__>
.Class A

10

28

Corpl-A—A---——\
preferred—No par

Chemical

$4.50

21% Dec

111% Jan
,

—5
—~—100

art-War ner

Sun

5.200

/

'A 2,800
'A;
120

122 % V

8%

8%

8%

17%

Dec

24

107% July 21.

—1
L S__—— No par;

iThe«

Studebaker Corp

A? 19,400

71;

71% ;•
*122

58

-12%

97/s.

9Va
*49

18%

*16%

"

v

1,700

10.800

109

*107

122%.

*122

30%

•

•

A,'; 17'A

109 "

20 Va

*50

59%

50%

50%

■t

"

50%

29

20%

30

-

32

39%

29

*50 Vs

21%

19 %

*

82 V,

58

Stokley-Van :Camp Inc___-.—L\
1
5%
prior prelerred—--——20*
Stone & Webster/---.—*.
No par;

5.900
'

--711%. ,-71% t

126

*-40
-

1091/2'

591/4

C-:

37% / 37 Vs
33'/a
33Vs

49

"

.

*,

10

9%

■

*109

109 %

60

f.

'

/.

Ste

4,200

-A;

26

21%

18%;.

17%

...37% ,371%

*37

22%

25%

30%

*107

8%

126

194

124

127

'

'■

•;

-123 %

19 Vs

30%

300

106

A: 22%

Jan

109% July

Ohio—.—"—™—10

preferred

3%

54

37 % Jan

par

Sterling.Drug Inc common

3,203

'

18

-31%

32 Vs

4

5

93

12% Mar 27

oLeef .npt mg-.—

Co

Starrett

100

•

30Vs

8%

8%
21%

127

•

'"•V

21%-

172
,

8%

8%

23

20%

109

-

Sta-naara

Dec

Inc———No par

preielred series

:, :"j3.%'%

8,900

%
;."42'Z.

*104%

105%
v

%

20

19%

p

•

21%

8

23 :

;,v

,,42

1

69'A
122

43%...

'31'A

17%

V.

300

T}-j

44

*42%

21%

30%

>*107

A

45

'

Dec

5

76'A Jan

prior

Standard Oil of

♦4,300

A:

18

/

'

600

-

»

1C7

400

:

-

24 Vs

Va

17%

20%

20

.

■

109

*105%

'

v

13,300

,'i 18,400

24

■21'A

x21%

31

A 17%

%'X

122

121%

121 %

*120

30%

69%-

69

70y4

*69%

20

V.

66

•.

•*106%

*42%'
'-.',-..42.%-

23%
25

19%

41%

40%
'-65%

24%

105'%

23 Vs
25

A 24'A
A
21%; 21%f

•

8.700

18%

1051/a

*104%

22 Vs

25

>

109

42%.

■

10

*105 Vs

109

"4i%

105%

22%
■

31 Va

30

*17%'

18%

18%

441% '

a

V 41 %J-

105 %

20'%

19%

20%

44i%

-

'•/

-V

66'%

18 Vs

18%

*42% :

?

41%
•

24Va

xl8%

■J

A

48 Vs

47 Vs

*106%: 107%

*106

18%

-•'•

,

41%'
>■ 65%

24 Va -24%
106'/a

A

♦

1071/4
:

*104%

20%

V.

25

24%
17%

43%

-

66 %:

■//-

*105%

■■■

18Vs

x43

46

42'%

65%

42

65%

43Vb

18

*44

41'A

491/4

■

v: 115
126% 127%

;

,/

43'A '

69

47% Jan

prejerred—i__No par;
$7 .prior prelerreh—T_-—~No\ par
Standard Oil ol Calif:—_—-No parStandard Oil ol Indiana—>—;__25
Standard Oil of New Jersey——25
.$6

Dec

Jan

27 % Jan

tf4.50 preterr«-d
*•;
ear
Standard G & E Co S4 pref—No par

25,900

.30%

J47/a

40%

7% Jan

Sons—l.—No par

Brands,

Standard

6,800

20

32

preferred—p._d—No Par;

.$4

14

12

'80

preferred——:—.—-100

conv

Dec

6iA Maf 27

'—1

Z—;

Squibb (E R) &

•

—/ -A--;

•

*113

115
^' 123

48

7%

100

.

150

114

29 »A

•

;

;

47%

*47%
*113Vs

31%

.

.

5Jc

31J

120

47%

115

48

118 %

*115

'128

131

*115

114

30

117

138

preferred..—~No

D CO

1,303

60

87% Dec

"

"CwaVk >4.50

220
'

'

r!38

116

47'A

48'A

-■

571/8
139%
llBVs'

57Va

*113%

*127%

49%

56

56Va

•

" Jan

22

11% Jan

preferred

10,000

951%

116

*1151/4

118

95%

31%

•

30%

31%;
128%

25Vs >.*♦

19%

18%

113'A

*113'/a

300

95%

*115

114

5,900

80

*78

21

47%

47%
*113 Vs

48%

25
106

48%

47 Vs

35

341/4

share

per

22

A

i—

Co-j.

Si

ao.5J

1,100

,

"V

20%

139%

115 Va

115%

43 'A

21'A

r

119

115

431/4

.

SpPaj

20

Highest

share

per

80'A Jan

Inc__.1

iA G) & Bros

wiLiiWigtun

op«;nv.-

600
>

A-

rt'o pur
——1
No par
Spencer Kellogg & Scns^^-No par
3perry Cwp ll'he) ———_--^l
Jt>jcer Ml g Co_
:
No par

19,200

18 Va

90

-.95 lA

'145

"■

128%

65 Va

,

106%

*106

115

11 Vs

20%

%-r

*115

141

*115

41%
•

57

lOVs

90

81

*78

••'79

■

*139

128'A

48%

%

49

42%

56%

30

128'%

49%

56%

II6V2

*114

120

95'A

31%

30%.

33%

32%
120

*132

951/4

I

114

*113%

95%^

56%

48%

114

21

95%

114'A

48 Vs

*113%

21%;

21

115

48%

48 %

79

141

114 %

*113

35%

19i%

*17
1

35

34i%

1,000

Spalding

.

43%

*41%

„-i

19 'A

90

*88V2

35%

80

34%

119

*115

; 119

*115

16%

35

*78

145

*139

143

143

11 Vs

16%

...

421/4

*41%

42%

42

11

11%
16%
91%

*88%

91%

*88%

91%

*88%

19%

19V4

Mobile

.

Year 1944

share

per

32% Jan

noja-cum

10

A

93

$

share

per,

Lowest

Highest

64V2 Jan

--NO' Par
preferrecl-__-_^_100
Ohio stk tr ctfs
~100

Railway

Southern

1,400

84'%

84

-

7.500

:

57%

*92

*19

16 %

,

84'%

93

11

JlU

.57i%

*92

*19

19%
11 Vs >

17'A

19%

58'A
84%

93

*92

19%

11%

18

t

$

Par

'

Shares

per share

share

per

58

84i%

'84%

10%

•

18%

11%

19 %

'

58%

58

571/4

84%

*92

94

"92'

59

83%

59%

59

share

$ per

S per share

share

per

S

Lovyest

EXCHANGE

the Week

Dec-. 21

Range Since January 1

STOCK

YORK

SEW

Sates for

Friday

•

Dec. 30

19

Dec.

18

Dec.

Dec. 17

Thursday

Wednesday

Tuesday

Honda?

8«*urd*v

HIGH •ALE PRICES

AND

LOW

.

"■''6% Mar 26

13Va Dee "7

'

4

'

Feb,
!

11% Jan
103 Va Oct

16% Apr

24'
23

20

26% Dec
107

28

10

77/a

Feb

12% July

14%

Jan

2l"%

% Nov 20
Nov

20

Feb

^

Volume

Number

162

4449

THL COMMERCIAL & FINANCIAL CHRONICLE

NEW
LOW
6aturds*

Monday

Dec. 15

113%

$

114

111%

200

$

114%

111%

111%

195

$

195"

112

113

'194

$

200

31%

30

31

3C%

30%

68

Va

68 V2

68

68

68

68

51%

51%

50

51%

ro

50%

49

%

11

10%

113

11

11%

11%

'

37%

37%

14%

14%

*11 Va

11%

11%

53%

36%

37%

•So1,

44 %

31%

800

*68-

70

130

50

2,600

U S Industrial

11

U

3-7 •''

3,200
1,300

14%

13,300

37

36%

14%

11%

11%

10%.

10%

36%

36%

14%

49%

10%.

"

49%
37

;

6%

*52

53

?

52%

*64'/a

65

"'42%

52%

42%

5%

6%

;

'14% '
52 Va

52%

62%

.>62%

42

•

y

6 JA

; 67 »a

6

6%

175

174

69%

70

70

70%

70%

70%

81%

*85%

87

*-■

87

87

87

79%

81

•

81%

81

81%

82 Va

151

*151

151

29%

*85%'
79 Va

151%

.

151 Va

152

28%

29%

*28%"

28%

52%

50 >•

50

*50 ' ;r

52 Va

-

173

28%

152

27.%-

52%

-A

•

174

'?

28

52%

•-

87

'••TV'

7%

8%

13% 1 13%

*110/.
23%

}■

11%

116

*98

<:

23%

8'A

8 Va

*198%

-

45

■

98%. / 98%
196% 196V#

32

52

41

45

32

>

:

•

31%

-

22%

43 Va

.

43%

48

23 Va

22%

600

;

Universal

f.;,

190 :

■

42%

1

8%

31

69

70

*103

*64

V

'103

-

46%

7%

44%

y

79

76

122

122

'

*121

80

1 44%
7

78

*76

121%,

80

44

7%

7%

77%

78 Ya

121'A

80

*121

81

83

83

51%

51%

49

51%

49

49%

48%

41

*40 Vi

40%

40%

40%

41

40%

40%

*40 Va

*161

*161

*165

*161

173

175

173

*161

*165

175

*82

49%

*161

*165

175

175

Jun

48

Nov

15

45

Dec

10

19

40

Feb

18

130

Jan

176

2

Oct

77 Va Dec
89

58% Jan 24
135% Jan
23 Va Aug

85 Yi Dec

Nov

7

32

Nov

50Yi Dec

8

5

Jan

24

4% Jan

87/a Dec
16 Ya Dec

5

121 Vi Dec

16

Jan

2

0% Jan

25

80

9

Va

Works

10

Dec

3

7

31

Jan

41Y4

Jan

24

102

Dec

21

68

Apr

81%

Mar 27

200

162

Mar

Nov

16

23% Aug 21

48% Dec

El

&

Pow

$5

pref__
Va Iron Coal & Coke 5%

70

2

6%

483A May 22
86% Mar 26
90% Jan 20

24%'-Jan
59 Va Jan

3%

Jan

18 Va July

Jan

6

July
Dec
Dec

17%

71

118

Nov

Jan

9%

Jan

28

176

Nov

23% July
14 Ya

Nov

Oct

52

Sep

12% May

16

Deo

'

'

41%

Jan

51

Oct

Nov 30

63%

Jan

85

Dec

103

8

9

103

3 Ye Mar 27

100

Dec

6

70

Feb

85 Y4 July

45% Dec

14

21 Va

Jan

25 Va

3%

Sep
Sep

62 Y4 July

8% Dec

4

81

Sep 14

Dec

11

124

9

Nov

13

113%

Jun

20

50

Aug

5Y4 Mar

22

83

Dec

38%

Feb

63

Nov

45% Jan 25

55

Nov 21

37

Jan

45

Dec

_25

Vulcan Detinning Co
Preferred

Aug

57

-29

preferred

120

100

pfd

Virginian Ry Co

600

60

14%

10

par
100

No

preferred

Deo

47/a Nov

Dec

9

Chemical

div partic

6%

Oct

106 Y4

Dec

21% Jan

"V

100

5%

Jan

178

•

-100

Apr

9

>

•

Jan

2%

11

f

y

27Ya Aug
Dec

52

24 V* Dec

>

2,200

48 Y4

5

6

'<

'

63% July
Deo

136Ya

2

Va Apr

*

•

Dec

Jan

13

f'. .'

Dec

61Y* July

'75%

■■

Deo

78

Jan

78

9

•*>

4%

54 Yi July

2 3A

11

39

Dec

150

May
44% Apr

22

6

Vi Jan

•

1

Xll9Y<

6

23

98

-

May
50% Apr

10

Sep

Deo

69

10

160

Feb

48%

18

2

4

par

"I

3

Oct

7

46

lOYa

7

7% Dec

18

par

Jan

73 Va Oct

11

Va-Carolina

175

*165

37%

Jan

10

Victor Chemical

*161

*165

Apr

40 Ya

22 Ya Dec

1.600

1,100

40 Va

30%

21

50V2 Nov

6,100

83

*39%

8Ya

5

Nov

3434 Dec

43 %

49

.

49

41

11

Dec

67

Jan

__1

Vicks Shreve & Pac Ry
5%
non-cum preferred

121

121

11% JUL
57

2

Jan

Vick Chemical Co.j.

j

78

<

Sep

22

7 Va

V-

7%
77

122

51%

-51%

42 Va

7%
79%

79%

<122

2

72

,

Dec

Dec

9%

2

—1

Co

9

33 Va

Mar 27

Norman

Jan
Jan

Apr

Jan

.•»

| 200

5

Oct

5%

Vertientes-Camaguey Sugar Co_6%

11 a?

43 Va July

16 Va

13

7,000

*103 AS 110

Apr

10

32

r, 22%

••103 %

X44

34%

3

2% Mar 25

No par

Van Raalte Co IncA

*103

51% Nov

10

10

Van

300

0103 Va

44%

Jan

Dec

2.50

300

68

42

27% Jun

__1

of Am

15%

16 Ya Dec

B

Inc-

Jan

Jan

9

Pictures Co

8%

Jan
>

_23

Inc

12% Dec
39

23

97/a Jan

par
100

21

*64

10

144% Jan

—No

47%

68%

*64

*103%

7

77 Va

122

68%

*103

%y 45%

6%

77

*

*76

80

44

7%

*121

*75

•■*'

45

6%

7%

79
?•

*64

ii,-.*
*103% —

,

"

*44%

68%'

*103 %

•103%Va.'

'V-

*103 Va

.69

553i Dec

6

Toh

Leaf

*19r%

.

70

27

7% Jan

par

*46

22

Nov

51 % .Tan

No

19%

22%

70

10

46

!

Vanadium Corp

4,200

,

17

52

-

preferred

Universal

7,000

Jan

38 % Jan

.50

No

Laboratories

Universal

27

50

...Wo par
100

preferred--

Preferred

I:-40

"34 3A Nov

100

.Universal-Cyclops Steel Corp
•

1,400

r

Dec

17

10

preferred

conv

186

13Ya Jan

^.^1

No

48

22%

-

S

30%

31 »A

19%
*47

23

102

v.

42

43%

30%

'

'191 % 196

195

42%

31%

Va

i

non-cum

$6

,

Jan

No var

United Stockyards Corp

'

170

35

'United Stores class -A

15,300

'

8%
52

101

100

...

195

21

21

22%

*8%
*48

"

"

43 ya

21

22%

;

115

*22

8%
52

99

48

21%

}

3,900

►

22%

3%

98

31 >/a

23%

13

*113

116

'50

197%

48

43

:

98
*195

20%

48

•

98Va

31%

21

48

13%

13'A

8%

30%

20

49% \

I

'

"

8%

*19 Va

21% "

*48%

7%
13%

7 V2

7%

*113

*50% >-51%

197 Va

42

13%
115

22% : 22%

:

y

■7%.

Jun

18

10

Tobacco Co

V 7%

90

thare

per

195% Oct

__50

U S

3,000

Highest
t

17

20

v

share

88

6% Mar 27

•

fi

52%

"

51 Va

*195

*21

23%

13%

22 Va

:

87%

,

7%

*110

8%-.;8%
*50

•,

4'44%

•

30

J

13 Va
116

22 %"

8% ;?

,

*50

99

200 *£-

12%

,.:■• 7%

Preferred

U S Steel Corp
Preferred

per

Mar

30 % Mar 26

1st preferred

non-euin

115

S

70

10

20.200
i. 1,400

'

7%

'111%

:

52

*50

7%

'

:

*23

23%

*8% V

V

*111

115

8%, :••■
13% V1

1

180% Jan

share

per

11

par

VU S Smelting Ref & Mln__^

100"

V

'

8 Va

y ;

8%

3,000

Year 1944
Lowest

Dec

.

No par
l

U S Plywood
Corp_
tO S Realty & Impt—
H\J S Rubber Co

r

1,300
*

28%

v

*50-

,

17,880

72 Ya

„No

cl A

Preferred

12,300

22

JVo par

Co

conv

Jan

50

Chemicals

U S Pipe &
Foundry
U 3 Playing Card Co__

2,000

e

79% V 807/a
151% 152%

28 %

*50

Partic &

100

V

preferred--

Leather

'77

$

share

_^.5

Mach Corp;

conv

per

Highest

100

U S Lines Co

1,300

f

6%

70%

S

^

"

42%

7- *85%

,

80%

152

28%.:

•„/'

*50

87

*85%

»

67%

*170
'

,70%

'.■79%"

V

6;y

5%%

1,600

52%
63

.

V' 66 %

173%.

•

,

41%

67%

69%

153 Va

153

29%

s*

174

173%

*60

6 %

67 %

11

52'A
:

43 Va

6

67%

67%
174%

87

*85%

*50

i

5%

68

175

*10%

11

64

42%

42%

73

*170%
72%

•<•>

66%'

173

*36 Va

V 14

14 %

xll

52 Va

*<62%
*

66%

'

69

y

'

•'

"

6%
68

1

-

U 3 Hoffman

$

20

preferred

*3Q'/a

14

43%

1%

70

11%

65

20

31%

13% ;

42%

'

*68

49%

Lowest

U S Gypsum Co

*30 Va

11%

*64%.
'■

200

,

3,100

70

14% '

a

*194

Range Since January 1
Par

31

11%

%

200

Range for Previous

STOCK

Shares

111%

111%

YORK

EXCHANGE

31

11

52

66 V2

44%

10%

share

per

NEW

the Week

*68

13%
*

53%

*64%

11%

$

113

*194

51

Dec. 21

share

per

Sales for

Friday

Dee.

per share

31%

.1

Thursday

Dec. 19

200

*194

RECORD
STOCKS

Wednesday

share

per

YORK STOCK

SALE PRICES

Dee. 18

share

per

HIGH

Tuesday

Dec. 17

t per share

*194

AND

36% J4n

Nov

23

33

Apr

38 Y4 Nov

Jan

16

; 43

V2

100

120

Mar

2

165

Dec

10

102

Jan

125

Oct

__100

145

Mar

5

173

Dec

17

149

Feb

155

July

100

64

-

W
75%

72%

75%

72%

72%

.72%

*19% ! 19 Va

18%

19%

19%

41

41

40%

40%

73

19%

*41

t

41Va
109

*107%
100

*107

95 Va

100

*19%
13%

13%

14%

4;

*107

12%

14

:■

32%

*45

47

*19%

*44

'•

*

20%

"31VI#

30'A

109
99

45%

88

"

Ill '

30

45

>•*44 •"?

45

...

...

15%

.'

;;

14'a

'.36

-•■

33-

111%

111%

*111

111%

111%

88

34

34Ya

111

;

14%

Dec

Apr

31%

105

Aug 21

par

61

% Mar 27

19

Sep

No

Bros

Warren

Fdy &

30%

31

31

1,000

Washington Gas Lt Co

30%

29%

29%

2,100

Waukesha Motor Co

42

1,200

42 -y'J

.

..<•

Pictures

Jan

91 % Oct

2

105% Dec

15

No
No

par
9

No par

$4 conv preferred
West Indies Sugar Corp

No

par

West Penn Electric class A__No

par

33 Ya

6,300

113%

"'•/•• ■■•'■50

*110'A

118%.

*116%

118

112

*111

112

111

:ill

118'A

118%

*117%

118 »A

*117 Va

36%

37%

37%

37 3A

37%

112%

112%

*111 Va

112 %

112%

>

*112%

•

118

118

37%

*112 Va

114%

1%

:-

114 Ya

•

340

6%
West

Penn

West

va

1,700

Inc

-

:

2

•

36%

Dec

22 Va

Apr

25

Aug

33Y4 Dec

15 %

Apr

22%

Dec

47% Dec

23

Jan

31%

Deo

24

3

4%%

pfd

Pulp & Pap Co_

3A Jan

101

Jan

No par

preferred

100

106

Jan

7

6%

Jan

lOYa July

21

22%

Jan

25 Ya

2

77

Jan

85 %

18%

Feb

28

37

Nov 28

Jun

Dec
Dec

313'A Nov

16

83

Jan

102 Y4

Deo

118% Oct

8

1133A Sep
7
22% Mar 21

.

26

100

Power

16 Ya Dec
38 % Nov

2

109

Dec

July

89% Nov

May 10
Jan

Dec

32

Mar 26

100

preferred

6%

180<

15

Feb

100

'

Y

Apr

22 Ya

84% Apr 12
v
23 Ya Mar 26
100% Jan - 8

1

preferred

'90

•

118

*33%

37%

10

11%

50

<9

Wesson Oil & Snowdrift

300

.

35 34 Dec

21% Nov

5

5,900

y

26

r

,30% Jan

1,500

33

Ma

Jun

20

5

88 Va

118%

38%

13

10 Va

6

29% Apr
9
143/4 Aug 21
24% Jan
2

par

34%

*112

Nov

Jan

IV*

[i 14'A

£;

X20

17%

3

'•h, 34%

34
113%

Nov

24

35%

'111

68

14% Dec
16 Ya Dec

14%

% 33Vi

Feb

20% Feb

1

Tobacco

48

2

Webster

*86 -V

14

2

.---9

Pipe„
Corp

Dec

108 Y4 Nov

Dec

15

14. Va

<188%

.

Nov

8% Oct

Wayne Pump Co

.-

100

X105

8% Jan

Petroleum

43%

110% Sep 28

100

Warner

*86

112%

Dec

Jan

26 Va

—

Warren

112

7, 111

preferred

1G0-

*117

111%

68

10%

7

-1

1.500

*34%
y

Jan

4

Dec

new

31%;

,

.'v

46

,112

118%

Baking Co

5%%

20

37%

'i!
-/..V

35%

88

112

*117

35,100

Ward
.•"'.

44

14

34%

40

Dec

42

Walworth Co

360

30%

.a

42

f,

19

20

No par
No par

W

20

'.

;

r

&

G

44

14 y4

'y.

34 Va

Nov

10

30% Jan 24

preferred

*30%

V

78

13% Jan

par

100

(Hiram)

Div redeem

5.200

32

17

par

No

preferred

Walker

11,500

14 3 a

104 Ya

Sep

No

19%

14%

88 Vi
-

13

14Va

preferred
;

30%

30%
45

600

*103%

4%%

193a

; *44

31

X45

3,300

18 Yi»

RR

Waldorf System
Walgreen Co
4%

97%

12 Ya

13%

300

109

96

14%<

31%.

'..:

35

*86%

34%

•

•

32%

30%

14 Va

35-

86%

/

*118%..119

38 Va
113

*30%

30 »/a

86%

118%

*112%

20%

30

33

/

38

47

*19%

30%

19'A

;vll7 4" 117

118%'.::

*118

*44

19%

31%

35

■/"'"

Va -35'A
111 % 111'A "y;
111

46

*44

31%

■■"

143a

2,000

39 Va

*193A

19%

S103% 103%

32

20

13%.

34

*117

46

13

14%

v,y 103

103

32

30%

45%

88

•

30%

*19%

Wabash

500

18 Yi

*107

98

13 %

14%

103'A

19%

*15% b;i5% •;
*35
/ 36% -V
-

32

%

90

13

13%
14

..

75

.

39%

109

19%

30%

*

*107

19%

45

32

31%
32 >'■

40%

*107

■

32%

19

*39%

19%

13%-

*18

Xl8%

98

Xl03

75

19%

97%

12%

Va

103%

75

40%

*40

109

*72%

19%

13%

X103 Va

19%

'

96

19%

Xl4 Va

15

105%

.

100

19%

19%

105%

109

73

15

96%

Feb

113

Dec

112

85%

Apr

103

113 3A

Apr

118Y4

Dec

6

16%

Jan

28

July

115

10

20

10

; 40

■

Dec

1183A Dec
Dec

1

Feb

110

Dec

103

Dec

■

Sep

'

38%

38%

60

60

12%

12%

30%

32

52 »#

;

36%

36%

36'A

36%

'

44

43%

43%

105%
*70

75
45
101

43%
100'

y

30%

59 *A

11

11%

29%

30

30

28 Va

28 Va

28%

50%

50%,

49 Va

50

49

35%

35%

36

*39%
*104%
*70

108

*106
44

40'/a

100%

99

22

2

y

37%

"Vestvaco Chlorine Prod

100%

"75
107

100

Vi

49%

50 Va

64%

64%

*94

97%

*95

97

*91

94

*79%

81

22%

34'/a

88

*100

10%

lOYi

22%

22

18'A

18 Vi

18%

*

'

20 Ya

.

101 Va

2.000
17.600

Willys-Overland

11.700

Wilson & Co Inc

101 vi

*20

.21'"";.

"138
49 3A

'"49%

62 Vi

62%

613 4

97

37

*94 %

v

35%

97

96%

*94

95

*91

95

80

*79

80

21%

46%

46 Va

45%

46%

23 y4

23. V4

21%

23%

21%.

22%

29%

29%

28%

29

27%

277/a

*46

101% 101%
21%

800

36

*20%

400

21%

4?

22

68

26

Wilson-JonCs

-

Co

Woodward

Iron

i—

(F W)

Worthmgton P & M TDel)

*94%

97"

96%

*94

96

•

IOO

'

91

*91

95*

79-

*77

79

21Yo

22

■,.21Yo-

Vi
21 Ya

30
'

200

2,600

pfd 4% %

Tr

%

■;

22'A
L 28

Feb

77

July

20%

Feb

Feb

47% Dec
Oct

103

19
15

10'
15

66%

Jan

18

Feb

22

20

Feb

29 Y4 July

5

Jan

6
6

12

100

6Ya Mar 26

97% Jan
13% Jan
128

15
2

Jan

30

22% Jan

30

92 %

47 >/a Dec

17

163/a Mar 26
10% Jan
2

104% Aug
32 Ya Dec

31% Dec 10

15

5

Jan

Dec

x64%
24

Dec

July

9% July

Jan

87 Va

Oct

Jan

31'A

Dec

9%

Apr

Dec

10

4%

Jan

26% Jun

25

6

Feb

20 Va July

19 Ya Nov

19

8

Jan

11% July

103 Va July 12
Dec

14

80%

22

Jan

10%

10

138 34 Dec

Jan

123

99 %

Nov

14 % July

125

Sep

24

July

7

19%

40 Ya Jan

24

50Ya Dec

6

36%

Jan

44 Y4

Oct

38

Jan

15

70

Nov

5

20%

Jan

41%

Nov

79

Jan

3

100

NOV

1

47%

Jan

82% Nov

series

37

Nov

No

Wyandotte Worsted Co

100

80

Jan

5

100% Nov

13

49

Jan

84

par

75

Jan

24

110

Nov

19

69 Va

Jun

91%

Dec

va"' *

69% Mar

9

84

Oct

15

58

Apr

74%

Nov

__B

'TVl)

13

23% Dec

7

13

Dec

14

Deo

Jan

22

32 3A Jan

24

*

Nov

47%

*46

22 %

22

22 »A

22.

22%

4.800

York

1

27 si

28%

13

24% Oct

9

27 3A

13 Va Jan

9%

27%

Apr

15% July

1,900

19% Jan

17

31% Dec

12

14%

Jan

207/a July

39 Va Jan

22

70% Dec

10

33%

Apr

42 Y4 July

par

20

Mar 26

27 Ya Sep

19

13

Jan

20%

par

34% July 26
5% Jan
2

44% Dec

-

47

•

"

45Ye

46'

800

rale ft

Towne

Mfg. Co

29

Corp.

66%

67

66'A

66%

65%

66%

4,800.

25

25

25%

25'A

25 Vi

25

25

5,100

Youngetown

;

42%

40

41%

39%

40%

40%

40%

40

40 Va

39 Ya

40

3,600

11%

11%

10%

11%

10%

11

11

11%

11

11%

11

11 ii

9.900




59%
> •97%

78

107% J an

Oct

66%

tm

:

Dec

24®a

this day

July

Jun

65%

on

32

13

25%

sales

36%

Jan

35

67 Va

no

Dec

253A

17

94

24%

prices:

29%

11

3

Young Spring ft Wire.
No par
Youngstortn Sheet ft Tube—No pat

and I asked

10

Dec

43

28'A

*49

•"'

45% Dec

23

Jan

Dec

105'A Dec

15

10

Conv series
Aeronautical__No
'~Wm •>

31%

No par

Co

Prior pfd 4%%

Wright
OTVIsUpv

Apr

50% May 17

100

Woolworth

2,000

Prior

22

Jan

21

8% Jan

10

9,400

62 V

96

9

26% Jan

22%

17

Oct

Sep
Apr

Co__

49Y».
8

21s/8 Jan

15

35

30

10" *

pfd

•

24

Dec

Dec

53% July
31% July

83 3A Jan

No par
No par "

49%

*41%

•Bid

$6 preferred

87% Jan

313A
66 %

Feb

1

Motors—

19

Dec
Dec

41

15

par
20

65%

68

26

.:

Co

61%

79
•

Oil

—

50

91

-

Wilcox

preferred

61%

*94>

Prior

Wisconsin El Pow Co 6%

"35

"

-

3 700

*138

35%

*94

96

91

*78

21%

80

100

11 Va

49%

22%

88

V 34

18

62%

*

87%

21%

49%

21

_1

17 Ya

62

79%

20

;

White Sewing Mach Corp.
$4. conv preferred—.
.—No

300

21%

49 'A

91

(The S S)

White Motor Co

3,400

*10

49%

79%

White Dental Mfg

3.900

•

*35

No par

15%

Jan

Dec

293A

Oct

36% Dec

31

101% Aug 21
313/a Jan 24

37 Va

37 Ya May 17

3

Oct

64

100

No par

39!A

10%

63%

*94%
*93%

29

13

61

95

470

22%

1.17%

49

97%

101

27% Feb

Apr

65

56

6

100

100

Wheeling Steel porp
$5 conv prior pref

*33

35%

12.50

preferred

conv

*

No Par

15%

98

34%

*93 3A

5%%

2,300

57 Va July 10
Jun 27

27 Ya July 18
31Ya Aug
7
37% May 12
30% July 26

——No par

39

101 Vi

207/a

*137%

$3.75 preferred

34

.

•37%

91

22%"

137%

101 Ya

Instrument

10%

223/a

18

Elec

213A

lOYa

21%

Preferred

Wheeling & Lake Erie Ry

45

*28

50
12%

16%

88

*33

75

107

26% Jan

Westinghouse Air Brake.—_No par

WeStinghouse Electric Corp__,

40"

39 Va

-15Ya

34%

6,300

26,800

lOOYo

Y lOO%
28 Va
29

16%

10%

95

•

*

28 Vt

35 Ya
35%

Va

44

44Vi

40%

22%

100%- 100%
21%21%

*69%
*105

107

-

44

88

*33

~

40

105

*69% £75

100 y4

;

-•

*104

45%

28'A

89

40

105

35

35 Va

4

92

43 Va Aug 21

No par

160

44

;i

A-No par

Class B—

500

*104

*32%"

21 %

33

39 3v

.18%

*34%

2

104 Vi

1*70

v\

*88

*137%

*34%

2

Teleg class

104%

39%
105

21%

213A

1

*137%

30% Jan
64% Jan

Western Union

*38 Ya

44 %

34%

100%

1,700
1,300

8,100 '

Weston

104%

89

1°0%

88%

53%

700

18%

y-

16 % July

670 '

10%

19

Jan

43%.

16%

23%

7Va

43 Vi

39 3A

187/a

18

42 3A

29

227/a

6% July

37% Jun

43%

15%

10%

Jan

2

43-A

39%

11 Va

33A

13 % Feb

4%

43%

15%

11%

26%

100

Western Pacific RR Co com—No
par
Y Preferred series Aw—
*
100

-

42%

29

34 Va

12
18

42%

39 %

*88

Dec

14% Jun

44

16'A

89

40 % Dec

61

43%

39%

35

17% Mar 27

32% Jan 13
4 Ya Jan 22

35 %
35%

30

*34%

32

1

10
100

35%

15%

*88

2,400

Inc

35%

39

*29%

28 Va
52

Lines,

Supply Co
Maryland Ry
non-cum 2nd preferred

36%

16%

'41

Auto

Western

1,400

88%

y

51%

*30%

Air

Western

13.600

35 Ya

39%

105

73

100

100%

.:>■:'%

Western

2,600

UVa
'

51%
*31%

,

88

37
59

11%

35%

*43

108

%

87 JA
51 Ya

42 Va

43

105 %

87 Ya

53

37

58%
;V.

35%

'

44%

43

87

52
*31

35

44%

£

Si

88

41

*29%
%16%

100%

37

59 A

12

■;

32

*44

75

*105%

/

37

59%

11%

11%

52 Va

39 Va

*39

108

*100

1

36%

38

59%

50

51

36%

38

59%

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43 Va

40

38%
*

*86%'

89%
33

35'A

105'A

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52%

35

44%

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50

<

44%

44'A

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29%

50%

*30%

44 Va

r

31%

51%

89%

40

11

50%
88 *:

33

*104%

*59

29

'

53%

*31

37

eo^a
11%

59

-y

*87%

37%
-

10%

52%

*52%

■:

37
y

receivership

a

Deferred

delivery

o New Stock

r*aah

Steel

Door

Zenith Radio nnrp
Zonifce Products corp

sal*

s

Special sales.

.

w-No

-

,

t

wdWben distributed.

47% Dec

11

27% Mar

33% Jan

12% Dec

x-Ex-divldends

y

Ex-rights

3%

Jan

36% July

Deo

44% July
6% July

Monday, December 24, 1945

COMMERCIAL & FINANCIAL CHRONICLE

THE
092

i

trf
'

i

FRIDAY
p....,

NnTIrF

outside of the regular

when

and

weet.

tb«

in the column

italic letters

The

3%s

Series

No.

3%s

Series

No.

3%s

Series

No.

3%s

Series

No.

24

3%s

Series

No.

25

3%s

Series

No.

26

3%s

Series

No.

27

3%s

Series

No.

28

*62

64 .,:■■

WEEKLY

-

YEARLY

-

tmnaaeUene of
la taken of such tales In computing the range for the year

sales are disregarded In the week's range, nnlese uaey are the only

defaulted bonds. Cash and deferred delivery

income end

interest"—except for

___

178

New York Stock Exchange

Bond Record <(»

in a footnote In the week in which they occur. No account
Period" Indicate In eachRANGE FOR WEEK ENDING DECEMBER 21
case the month when the bond* mature-

weekly range are shown

headed "Interest

Interest

East

Period

Exchange

Sale Price

or

S.

U.

Treasury
Treasury

3 Va S__.

1949- 1952

*111.4

111.6

111

111.27

*114.13

114.15

112.17

114.10

M-S

*104.8

104.10 V

105.14

106.11

j-d

*109.11

109.13

>

108.27

110.15

1956- 1959

M-S

*104.18

104.20

1958- 1963

J-D

*115.5

115.7

112.21

113.30

Treasury

_1960- 1965

J-D

*116.24

116.26"

113.2

116.16

2%S—
2 %£__*.

_

,

1948

Treasury 2V2S—
Treasury 2%s__.

IlltirZI—7l949-

2VaS__.

___________1950- 1952

Treasury

2y2s__.

____1952- 1954

Treasury

2%s__.

Treasury 2%s

M-S

________1956- 1958

M-S

1962- 1967

_

-

107.15

107.10

106.28

107.25

106.26

105.19

105.24

Treasury

2 V2 s

Treasury

2%S_~

June 1964- 1969

1964- 1969

J-D

__

Treasury

Dec.

2yas'

M-S

Treasury

__1965- 1970

M-S

107.1

108.15

103.2

100.28

103.4

102.13;

100.18

102.17

T

101.25

1966- 1971

109.2

*103

j-d

2%s

__

—

100.17

101.31

100.15

102.7

101.22

101.30

100.10

102.2

*101.20

101.22

100.18

102.3

11

100.20

101.24

13

100.30

107.28

100.23

101.8

106.29

107.26

108.21

108.21

102.4

„

Treasury ?y2s
Treasury 2%s___

__

__

Sept 1967- 1972

Treasury 2 Vis—
Treasury

:

2%s___

Treasury

1967-■1972
1951- 1953

Dec

2%s—

Treasury

r

F-A

1947

Treasury

2%s_~

J-D

Treasury

2S

Treasury

2s__

2s

102.16

*102.2

102.4

*103.13

103.15

*103

103.2

__

M-S

__

—

Sept

M-S

103.16

103.16

M-S

103.28

Treasury

2s

Treasury

2s___~.

1951- 1955

1953-•1955

2s

___

UM*

77 j-d

15

_june

1%S__.

J-D

.1950

iy2B

104.6

100.13

.

•

*101.21

101.23

.101.17

101.17

101.18

•

'

3%

J-D

_1980

119 Va 119%

119%

.1984

j-j

*74%

83

.1060

a-o

110'% 110%

.1961

j-J

30-yr 4s

105%

j-J

*39

.1943

M-N

.1943

M-JV

.1960

a-o

1960

a-o

21%

Feb

1961

f-A

22

Feb

City

4

8s

►

External

(Rep)

f 7s

s
;

sinking fund 6s

assented

sinking

fund

6s

AChlle

'

1961

M-S

Sep

1961

M-S

.1963
.1962

a-o

.1963

M-N

.1963

M-N

.1957

j-d

.1957

j-d

.1961

j-d

.1961

j-d

sinking fund 6s

assented

634s

fund

;

assented

.1963

Ry)

!

5s

M-N

j-d

Oct

1928

1901
1961

A-O

.1948

M-N

.1947

(City)

—1947

sink fund 6s—

AGtd

F-A
A-O

:
;__1948
Akershus <&lng ol Norway) 4s
1968
AAntloquia (Dept) coll 7s A______1945
sink

AGtci

fund 6s

_1945
1945
1945
series— —1957

1 7s series

B—1

A

External

A

External

s

f

^External

s

J-J '
j.j
j-j
a-O

f 7s series D—

A

External

AExternal
A

A

M-8
J-J :

s

s

7s series C___.
7s

f

s

sec

1st

f 7s 2d series—1957;,,''
3rd series—3 957

(City) external

Antwerp

5s——1958

Argentine (National Government*—
S f external 4%s—
1948

V1; J-D
.>>>>
•,/-'•■ M-N

—1971
M-N
^-1972
F-A /
S f extl conv
—1972
A-O
Australia
tCommcnw'lth) 5s of '25-1955
j.j
External 5s of 1927
1-.—1957 /
M-S
External e 4Vis of 1928
1950
Af-N
lielgium external 8%8
j.1949
m-S
External _s f 6s
1955
.-.J-J
S

f

1

exti

4%s"_

loan

conv

S

conv

loan 4s Feb'
loan 4s Apr

1—
1955
lABrazil (u s of) external 8s—1941
Stamped pursuant to Plan A
(Int reduced to 3.5%)
—1978
AExternal s f b%s of 1926
1957
Stamped pursuant to Plan A

•'

*77

97

36
36

97

79.%/

■IV 7

35

38

36%

I

6

35

3

14

> 36

,

'

30%

9

36%

20 vi

.

30

■'

.31

30

33 ya

31

30

ii5% ii5%

101

103

99%

103V2

90

100

51

90 Vs

993A

19

99%

107%

•; 166 V2 108%':
103

103%

103

107

65

70%

71

*60%

•

3.375% )—i_1979

reduced to

(Int

AExternal s f

(Int

1957 /

b*/2s of 1927—

Stamped pursuant to
A7s

A-O

A-O

-

57

46

AMedellin

;

21%

20 V4

6

17%

22%

18

22 %

:;77

17%

21

20 y4

21%

20%

22

22%

17%

223b

13

.17%
19 Va

20

31%

31%

31%
81

22%

3

/8

77li7

20%

■■,-7.16%

5

V'81'--:

26

77-'77.v:77777-

30%

69%

5.7%

72

70%

57%

59 %

51

81%

51

51

/,'■

51

15 ; ■';■/■; 48%
59%
/■■•.!si- >
7•',/■■'■ 2
.41%
51

*7

51

51

69

M

7 51

7:7-:

.7

2

42

70

•

V

T7

51

92

7:927./

92

:

38

96%

{7 94

96%

38

,

.97

-

■

:

■

7 ,39

■r

14

3iya
108

_u'_^'7:

112

112

112

L

*112%

41%
110

105%

'■J. a7

•u';/ 'i;5??/7'7.

112%

110

j-J

•' • ■''

7'

159% 159%
V

99

99

*99

a-o

101

7

99

154

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98 VB

99

>

777 74

M-8

:'7

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a-o

77

*101

'■

115 Va
115

80
,

i'~

160 Vn

81%

96%

SG

'06%

v:

:7v/> 72- ■"•

100% 100%

f-a

99

101%

;

07%

100 Va

101 »V

100

a-o

102'%.

*

;;

;

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a-o

7

.

M-S

44%

64%

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j-d

7:

*101

M-N
a-o

.

*95%

22

•

31
*96

t.

25

23%

7;77vf7./,

mm

95

,

■100%

103

'■

12Va

34%

94

■:

27

30

100

-

7-'■ -'J-

7V.7/v//:

77.;

102

?;• 82%

31

'

100 ya

72 T

70%

60%

60%

52

72%

59%

65

54

69 %

*—

Q-J
Q-J

*17

7 *18%
*18%

11

11 Va
:

;

•

10%

,

77..

11%

__;■ "■

18%

__

21

16

__

13

73%

65

7 .11 Va

tvJ//

12% 7.12%

".:*ll3/8,s 14V2

66

72%

M-N

.1979
—1952

A-O
J-D

1978

J-D

reduced to 3.375% )_—_1979
1944 (Plan B)—

A-O

Ry)__

7~2%

/

■*.

reduced to 3.5%)

,

For

Financial Institutions

I

funding bends of 1931

fi%

Stamped pursuant to Plan
(int

A
64

52

66

65%

65%

52

64%

64%.

52

68

65

66

52

66

52

67%

65

66

52,

68 Va

74

74

60

*77

82

53

79

*77

51%

75 %

SECURITIES

68%

65%

FOREIGN

68%

Ei-ternal $ bonds of
2%s

Series

No.

1_

j;,As

Series

No.

Series

No.

3

Series

No.

4

65%

2

3%s
3 %s

___

65

:

Series

No.

5

Series

No.

6

Series

No.

7_.

Series

No.

8

___

5

Series

No.

9

___

*77

52%

79

3%8

Series

No.

10

*77

52

11

63

52 %

63 V4

63

51%

66 ya

$4%

51%

66

trading markets

76

63

firm

3%s

3%s

j»4S

yv.

3%s

Series
Series

3%s Series

No.

12

No.

No.

-

62'

/

;

13

*62%
63

.63

74

68

No.

15_

*62%

64 %

51%

No

16

*62 ya

64%

51%

T^AHKS &

FOREIGN

SECURITIES SPECIALISTS

50 Broad
Telephone HAnover

St., Now York 4,

2-0050

■

N. Y.

Teletype N. Y. 1-971

67%

Series

Fr.r

51%

Series

*5'4S

fTABL

67%

Series

No.

footnotes see

14

page

3096.




/ 7. >1

101

14%
96

},

1

1^:
20

*15%

112

15%

55

-J-*.■') :V

*104 Va

J-D

J-D

;■

17- ■■■:■•:
15%
100% 100%

16%,
a-o

a-o

■:,■

18%

18

183/4

1964

—'r

/

-7" •••'7:/ 7/7-;;:

fiO

106%
101

*60%

j-j

1954

■

102% 102%

-*4X.i;;,

102 %

■

'

*101%

M-S

'7

101%

100%

.-.Xs

101 J'4

101 v4

a-o

1961
,_1969

paid-

(Colombia)* 6V28—

10

81%.

.81

*

Mexican

53

81%
59

:

.

"68%

Mendoza

73%

59 y8

j-d

(Prov) 4s readjusted
1954
Irrigation—
A4j/2s stamped assented
——1°43
AAssented to Nov. 5. 1942, agree
A Mexico (US) extl 5s of 1899 £—1945
A Assenting 5s of 1899
,1945
AAssented to Nov. 5, 1942, agree

110%:

Vhmped pursuant to Plan A
lint

18

.

24%

Plan A

reduced to 3.375%)

-Central

part

104%

70%

70%

j-d

1967
—1949
—_—1949

paid

part

52

65

A-O

1

:0!<yh

20 V

j-j

Government—

59%
5

23%

21

*108%

—1968
Haiti (Republic) s f 6s seiJes A—1952
Helsingfors (City) ext 6V2s
—1960
Irish Free State extl- b t 5s___^—__;.S80
a Jugoslavia
(State Mtge Bk) 7s___1'457
A6s

17%

/

*105% 110

series—1969

unstamped

A7s

TOO '/8

f5

•.

7s

Greek

togvb

72%

J-D

—

95%

;>

72'%

72%

V

105%

100%

__

yil'/s

—

100

2

107

*105

17
24

101% 102
107

103'/-:

95

18

99%

98%

1C3

100%

9

99%

103%;

98%

99%
106%

43

^-100% 101

103

2d series

(Republic of) 7s
Republic 7s stamped

Estonia

French

16

F-a

Ad 5y2s

series—

1st

5%s 2d
A

20 V*

M-S

33%

86% 119

<"

■

5%s
"

*30'/4

;v,__

M-N

gold 4y2s________——1962

?A2d

*30%

I'iv'i 18 /'

.1949

a-o

Customs Admin 5'/2s

>

10

,>■• 17%

a-o

37%

33

21 V4

—,1949
.—

1952
1942
1955

37%
4.

:7,fl7%

:'77,;7/77;>/v7J:.:

1942
series 5%s of 1326—1940
series sink fund 5V2s
._1940

§ A 1st

24 34

12

20 Va

M-N

(Rep of) 8s set A.1951

IA Dominican Rep Cust

38
,

34

j-d

;

^

36%

vr*36

/

la

4'/2s—

Czechoslovakia

External

08

36%*

36.

.

j-d

External s f ,7s

76

36 V*

97
■—

loan

fADenmirk 20-year extl 6s—
External gold 5 '/28

76%

24 V8

34

22

0

■

J-D

.1952
—1953
_,_1951

(Republic of) 5s of 1914

'

A-O
A-O

External sec s f 7s

78

61

62%

;>'• __>://>77

'

—

ASinking'fund 8s series B

<V

(Colombia)—

Agricultural Mtg6 Bank

5s___—

gold 4%8_.
Rica IRep of)

4 "2s
external debt___—________1977
j'/VSinking fund 5l/2s__
—1953
iv$V'APublic wks 5%S—1945

Municipal

6t

23%

18 I4

7" 20%

F-A

bonds—

£-7

A

Govt.

Foreign

24%

20

7

a-o

External

1-1693

24

1734

~2

21%

21%
21 y4

21%

j-J

f $

: 25-year

NY

25

7/ 1734

*193,4

a-o

1970

Copenhagen

New York

~9

23

(Republic of) —

ASinking fund 7s of 1927—

Broadway,

25 %

18%

21%

M-S

.1947

A Costa

;•

24 ?8

18%

17%

15
60

M-S

.1951

6s

Cong Munic 7s
ng

17%

22 Va

M-N

.1960

fund

24%

18%

a-o

.1962

—

(Hukua

77 "'18%

,•:■•• 17% ,,25
18%
24%

.21%

721%

a-o

.I960

sink

24

,

21

.1961

6s

•22%

,.17%

7 *22

20

.1961

sink fund

22

70

18%

V

.

a-o

sinking fund 6s

external s

Cuba

52

Sep

Mtge Bank 6y2s__
ASinking fund 7s of 1928—.

Teletype ™

22

21%

21%

of 1927—_____________jan

A 6s

1

22

assented

* A 6a of
3s

22

21%

A Colombia

WERTHEIM «Sl Co.

22

21%

A6s assented

:

37

22

AGs assented

j.'*'

2

22%

j-J

Mortgage Bank 6%s

Chinese

22%

21%

J-J

assented

A63'4s

22

f-a

assented

A6V2S

23

19«'

assented

AGs

21 Vt

1961

sinking fund 6s

AExternal

2

22%

1961

105%

36

65

22%

7:

,'d

103

103 v4

Jan

assented

Afis

104

—Jan

assented

Colombia

120

3

.19ov

A6s

:;

REctor 2-2300

104

102%

A 7s

Members New York S.tock Exchange

111%

*103

A Extl

a

Telephone

106 %

j-J

A Chilean

i

*

29

1958

AGuaranteed

V

83

111%

110%rll2

rl!2

109%

15

122

f: ,'t f •'

97%

63
4

Jan

:>

;;.I'N 1

94%

106 V4

101.19

112%

96

;

A External

100.26

>

*94

f $ bonds—

8

AGuaranteed
58

M-N

•95

103

A6s

City

New "York

.1975

80%
.'83

92 Va

92%

94 %

80%

94

101%

v

Unification Issue—
Corporate Stock
.

a-o

95

7 >80%

91%

1023s

ASinking

Transit

7'; 94

*103

AGs

101.23

154

103%

95

'

:

?ioiy4 101%

106.12

•

__

91

f-A

.1976

Any external s I bs

101.9

106.29

M-S

.1976

f 4%-4%s

AExternal

-106.12

*106.27

.1977

110

*95

j-J

104.6

10

100%

'

j-d

M-S

j-J

104.4

j-d

2s

J-D-

103%

j-J

103.28

100.17

*102%

1950

^7s assented

100.25

104.8

95Vb

1953

103.16

*104.6

T,

__

103 y8

102% 102%

■i

68 ■/■•;;

97 "a

V

1948

AChlle

102.10

.'•-■ 104.6

j-d

f-a

67

53

.1967

103.1

J-D T

___June 15 1952-■195*
Dec 15 1952- 1954

Treasury 2S

66

52%

■

15

103.8

103.1

64 %

15

103.5

104.5

68

51%

64'/a

Jan

A Extl

*104.3

Va

Jan

102.26

___,

65%

51%

64%

*102%

M-S

1958

s

s

Carlsbad

A

101.29

103.28

V

62 Va

3s

2

1950-■1952

____March 1950-

Treasury 2s
2S___

Treasury

1957

3s

102.20 102.27

5

67

52
"

3'/4s

AGs

103.12

'>■51%

2%s

102.26

103.5

*103.10

64 Va

*

f 4%-4%s

s

30-year

10

103.6

103.5

M-s

68

"68

3s

100.25

*103.4

J-D

,________-Dec 1949- 1951

62 Va

''*62 Va

f 5s

iDom of)

104.24 104.24

__

62%

.1961

25-year

102.9

102.3

M-S

67%

51 %

■/

(Province of)—

external

3%

66%

-51%

64Va

62%

66

51%

;

63

*62%:

stamped

Canada

102.26 103.28

__

•"'■

*62%

External

100.27

100.18

20

'

1951-•1953

2s—

Treasury

*102.14

-

1952

Sep 1949- 1951

2s

Treasury

Treasury

.100.18. 100.27/
>:

*•

66

52

•:

63

f 4,/4-4'/2s
External readj 4%-45/aS

100.15 101.12

8

j-d :r:

_______Jun 1949- 1951

Treasury

100.19

J-D

Dec 1948- 1950

Treasury

Treasury

;'

1948- 1950

]IIZI~Mar

2s

100.17

.,

105

63

23___——

30

Refunding

100.27 105.1

23

'■■■■>'

105

100.19

x

__

22„—

68

V

63

63

29

External

105.15

109.1

33

107.10

__

j-d /

■

i

*108.31

__

M-S

1959.u——Dec 1959- 1962

101.8

*107.8

j-d
j-d

._j,:-_June

/

*105.13

J-D

1962

101.8

107.28

V.101

'

_1956- 1959

Treasury 2 Vis—

Treasury

•v-

1952-■1955

2V4s

Treasury

77__

1954-•1956

2y4s—

Trea sury

!

M-S
J-D y/f

;■

100.30

107.28

j-D

1967- 1972

June

2%s___

Treasury

64

21——

No.

AGs

'.51%

'51%
"'51%

64%

*62 '/a

...

—

No.

Buenos Aires

102.9

'101.29

102.4

:—

67 7,

59
1

63

63

Series

s

High

,.Low

'.64%

*62 ya

.

Series

(City)

No.

High

*62. '/a

Brisbane

January 1

Sold

•

> '63

63

20

Range Since

Bonds

(

Asked>

'

Sinking fund gold 5s
Sinking fund gold 6s

*102.11

:

__

No.

Range

Friday's

or

Bid &
Low

19

No.

Series

•'

3u/4b

106.6

*109

.

__

J-D

v

Series

Sale Price

3%s

104.17

*107.8

.

__

j-d

„3b63- 1988

112.10 113.20
,

*106.24

,T_
'

M-S

•

*

106.10 •;

>106.8

J-D

■

Treasury

*104.15

M-S

■v

1953

.

No.

3%S

103.19

M-S

2%S__.

Treasury

103.19

M-S

2%s__.

Treasury

101.5

J-D

>

Series

Last

Period

(Continued)-

No.

3 y4S

,

1960

1955-

23/4S__.

Treasury

108.25

.

Series

3%s

103.27

*103.24

j-743

103.20

1961- 1954

2%S__

Treasury

100.30

101.14

__1948- 1951

3s____.

Treasury

100.24
101.7

100.22

—1951- 1955

3s——

Treasury

109.24

*101.3

—__1546- 1348

Treasury

J-D

>,.

106.13

(Continued)
External
$ bonds

Brazil

High

*101.5

*

J-d

.1946- 1949

3 Vs s—

Treasury

M-S

Low

106.9

*106.7

h-0

1946- 1956

3%s__.

Treasury

1947- 1952

1

—

January 1

No.

High

Low

Interest

Stock Exchacg*

New York

Range Since

Sold

Bid & Asked

Government

4V4S.._.

Bonds

Friday's

Week's

Friday

BONDS

Week's Range

Friday

BONDS
Fork Stock

New

\

.■

"■■'■;■ :

Volume

Number

162

4449

THE COMMERCIAL &

309

FINANCIAL CHRONICLE

NEW YORK BOND RECORD
FOR

RANGE

BON I> 8

-

-

York

Nrw

Stock

;<:.V

;
Interest

Exchange

i:Mexico—(Continued)'—
^Assenting 4s oi 1904..:
.

..

4

AAssented

Nov.

to

5,

..

AAssented

JA Ireasury 6s of

.

AAssented

to

Minus Ueraes
ASec

5.

1913

1942,

5,

(State;—

external

external

Low

High

*11%
10%

.;

••

•'

f'k

18%

36

10%

-

'

(Int

reduced

Montevideo

47%

111 7

A6s

New

1959

(City)

Membert

61

35%

40

38%

42

*37

iiSK;

M-S

47%

h'?-V

I

8

External
sink

4s

Oslo

A Panama
A

Stamp

extl

(Rep)

Stamped

3%s

ext

.

103 %

97

*105%

J-D

97%

»

6

*105% 107

A-O

F-A"

*.

K

Atl Knox & Nor

105%

Atlanta

99%

General

101%

""

*98
•W-y"""' -'' '

98%

'•

J-D

*98

...1967

M-3

105% 105%

__.1947

M-3

reduced

loan extl

A

Loan

Nat

S A Poland

2.125%)

to

2008

external 7s

Rep on

1

f

s

extl

6s

f

2d

ser

6?

gold

1961

/^Stabilization

loan

A-O

1947

A-O

A 4

Vss assented

External

sink

Stamped

pursuant

(Int reduced

AExternal

(Int

to

fStatei

Janeiro

dc

(Int

tCliy

reduced

AExternal

(Int

Rio Grande do Sul
A8s

loan

extl

8s

.1940

Stamped
(Int
A6s

Plan

A-O

A

to

Plan

Stamped

:'r.

loan of

external

'r^:

.(Int

reduced

*0

F-A

<

|

.'41 .'

44%

45

13

38 Va

.38%

A-O

51%

51%
•

^

•

A7*

municipal
(Int

Santa

Fe

JASan

2012

J-D

1966

M-N

;;

1967

J-D

V'v'.A-'■

slna

(City)

2004

4s___l»H4

M-S

1952

tuna

M-N

8s

s

*

(Int

reduced

2.375%)

s

1957

..."

v

■i

r?

Paulo

■V:■">

(State!

*

Stamped pursuant -to Plan
(Int reduced to 2.5%).
extl

loan

water

(Int reduced
A6s extl

'■

.

54

,

45%
42%

36

49%
41%

48%
40%
98 %

50%

62

reduced

IA Secured

62

J-J

*53

1950

3

42

; 37%

62

45%

J-J

(Int

I

s

7

J-J

8erb6 Croats
A8s

sec

(Prov

.7'

'

42

63

(City»

AUruguay

J-D

1958

extl 8s

(Republlci

58 7

J-D
F-A

17

F-A

6s

.—.I960

M-N

110

1964

M-N

110

External

1979

extl conv...1978
extl

1978

readjustment

(Cicyi external
A4%8 assented---Railroad and Industrial

^

1st

with

mtge

warrants

&

32

17%
118

26%

90%

102%

130

129 %

131 "A

100%

102%

101%
53

101% 101%

101%

*;_

102

108

104

108%

105%

107

107%

104

106% 106%
*106

103

101%

106%

98

103 V*

99%
99% 100%

100%

45'

75%
77%

130

67%

29

63%

17

103%

73%
73 V4

75%

75

75

105%

105

.

<

80%
84

108%

106%

1

106 %

106%

110 A

106% 106%

~3

105%

108%

105% 106

15

106% 106%

*106%

106

107%

105%

107%
,

7

111%

107%

107%

t^

86%

—

86

85%

86%

126

73%

48

45%

48%

152

31%

,.

'

105
100

61 7

31

49%

101%

105

--

83%

100

97%

16
'

*104% 110

:

Vt'o--

5

47

*102
99

f~.£]

105

Collateral

4%s_;.

trust

of

Clinch

*16

14%

14%

1st

P

14%

36

"l

103

101%

103 %

104 Va

106%

*107% 108

107

109.

103% 103%

A-O

103% 103%

100

104

>102 %

1975

A-O

113

9

109

"100'/«

M-S

,107%

91 ;

13

,92

105

%

95

73

104%

.

410%

,

106%

14%

A-O

24

22

24

189

13%

J-D

78

78

5

63

gold 4s__i951
1st gold 5s._„_.
1946

37

37

1

29%i 4,48

money

3Vis........I960

Light

......*.-..1987
.....1987

J-J

104-

104
i'

37

A-O

*107

*100

104

Power

103%
~

36

44%

641

40%

40%

55

37%

j-j

46

40

38%

37>%

"registered

A-O
F-A

1

*

48 V*

36%. f

12

103

15

106

104% 105%

105%

55

<

; ; 52%

34 y8

108% 108%

108%

F-A

7

106% 106%

106%

109 Vi

96

38

42

7745%

28

371

44

J-J

28

;87

%,,

106%,

108%

J-J

84

38

%t

.

44

107

109%

96% 106%

116%

A-C

78

103%

53%

registered

¥

106%

86 Va

F-A

1945

New

N

4
69

22

1945

^—1987
3s._———1974
Central Pacific 1st ref gtd gold 4s_1949
Guaranleed
gold 5s.—
..I960
A 4s

rl
.' •

60

AGenera!

Central

90

J-D

Eng 1st gtd 4s._..._1961
JACentral of N J gen gold 5s_..__1987

104%

*101% 101%
*100% 105%

104% 105 %

105%

120%

3?,

20%

J-D

89 Va

89

F-A

105 %

121%

97

106% 106%>.

M-S

A-O "

108 Va

107%

■

78

A Mobile

M-N

;%

-"

is

24%

5s series C

A5s

7;'-_

.b

96%
101

76%

pur

F-A

J-J

107%

:7'-5

22%

gen

7

*102

102 hh

6

-

101H 101 }§

78

D'V

105%

y-

115

24%

&

112

107% 108 >/«

-■

121%

112 %

17

'V**

114% 115

A-O

ARcf

96%

"7.

121%

115%

6

120% 121V2
102% 102%

.•>

116%

7

2

121% 121%

|: 121%

M-N

AChatt

104%

J-D

7.1959
1959

27

Illinois

117% 117%

118

...

91%

12%

117%

116

Nov

5>/as series B_:

Div

122%

115%

,

5s

gen

116%

4

.1

J-D

gold 4s.__.1948

15

20

Central

J-J

k

11

F-A

1965

of Georgia Ry—

mtge

121% 122%

M-S

...1965

4s_.

120

116% 116%

F-A

gtd gold 4s_i..^..._1981

U

Branch

Cent

tCentral

Ohio

108%
107%

116%

J-J

1949

Corp 3s debs—

106%

; 121%

deposit
&

Adir 1st

Si

9

119%. i

103%
112

5

'

106 % 107
*119

J-J

A-O

.I960

J| A Carolina Central 1st gtd 4s

70

*80

.•

1955

1950
Guaranteed
1951
Canadian Northern R.v deb 6%s—.1946
Can Pac Ry 4% deb stk perpetual

95%

ii-

108% 108 Va
106%

J-J

4%s
4%s.._

gold
gold

95%

100

....

deb

3s

EleC 6s

—1969
series

A.1.1975
1967
1995

(111)—

100

*100% 105

E

1964

.

—1975

114

100 %- 100%

107%

5

89

122

108

94

Vi
.

100%
108

146%

.146% "151

102%
103 Va

•

,

150

116

155

,l 102% 102%

110

100

gold

106

M-N

65

101%

Stamped

105%

37

105% 106
*88%

Q-J
M-S

M-N

51

101%

105 %

100%

105

110 3V

115%

71

—

94

100% 100%

105% 106%

;
105

92%
102

105

9

104%: 107%

47

106%

102%

31

133%

11

115'/a

123

1

116%

124

footnotes




see

page

3096.

inipt mtge 3%s D_:
M 3%s series
Potts Creek Br 1st 4s
Ref

&

M-N

131%

131% 131%
121% 121%

'

'

—

122 Va

122%.

..1992
.1990
E_____1996

1946
R & A Div 1st cons gold 4s__.__1989
2d consol gold 4s
1989
JACl.icago & Alton RR ref 3s
1949
Chm»Ko Hurlington <fc Qulncy RR—
General 4s_'
—-—1958
1st & rel 4 %r series B_.—...
1977
1st
'

Nov

deb 3S...1965

&

AGen

ref

&

mtge 3%s

Eastern

mtge

inr

...

-.1985

111 Rlt-v
(convl.i

3%s ser B
1985
Chicago fg Erie lsi gold 5s— i."——1982
1st mtge

•

107%

109

109

F-A

46%

•102% 103%

M-S

*142% 145
105% 106

J-J

*125%

145%

106%
107%

101%

193

131
126

137

.15
9

..

*128 Va

J-J

:

104%
104

125

105 Vs

F-A

*101%

47%

103 Va

128 %

105%

M-N

J-J

111

102%

*48 %

J-J

&.

Ref & impt

107%

147.I/2

Chesapeaxe

Chicago
A-O

1995

—

19491974

Ohm Ry—.
General gold 4%s

103%

'

*105% 110 3V

Jan

1995

4s„

A

to Aug 1

§ A Central'RR & Banking Co—
5s stamp (partial redemption)__1942

102%

102% 103%
105

A-O

1595

Adjustment

ref series

(4%%

Champion Paper & Fibre

& Santa Fe—

4s

&

1

debs
due

1st

102

*

series

income

(Subordinated)

1

99%

102%

130

A-O
r

..1970

gold 5s
gold 4%s

Guaranteed

Guaranteed

ARef

3

Wks &

For

3%s

SAC'onsol gold 5s

100% 100 Va

AAnglo-Chilean Nitrate deb
Ann Arbor 1st gold 4s
.'

4s

a-o

National gold 4%s_____1957
gold 5s
—Oct 1969

A 1st

A-O

Co

Topeka

86%

1-

J-J
r

Guaranteed

Celanese

A-O

."—

General

100

*101% 102 *102 '
102%

A-O

Carolina

1946

debentures

Atchison

100

*99

M-N

90

A-O

cum

a"-o

I

1968

t A Cent

Pow

mtge.3Vis

103,

86%

100

47

deposit-

Power

90

A-O

4Vis

105

91

*102%

a-o

Power 3%s._
—1974
Canada Soucnern cons gtd 5s A...1962

Elec

72

F-A

1st

86%

58

'

*

of

74%

1975

Co

5s

78%

1962

&

...1934

due_.__

1955;

Cart

1946

debentures..

Armour

1957

M-n

1960

124

li;';

1948

debentures

Wat

& coll

90

—1980

Am

A

1, 1947)

to May

88%

2%s

3s

series RR

4s

ir.tge 4%s ser

*85

MS

Tobacco

mtge

*93

Telephone & Telegraph Co.—
3s cpnv debentures—
——..1950
2%

62

100

J-J
M-S
M-N
A-O
J-J
M-N
F-A
M-N
F-A
M-N
M-S
M-S
F-A
J-D

1967
1955

gold 4%s series JJ

110

0

105

American

Amer

102 %

102% 103

A-O

—1970

ser

1st 5s A C

series II

*81%

F-A

J948

1956

2%s

Maine
5s

Certificates

.75 Vi

89

■104% 105%

._

78%

94%

102 % 103%

103

J-D

IIl952

104

'

-„r

*104% 105%

assented...

55

92%

,

71

:

Corp—

F-A
J-J

3VaS—..1972

77»%
102 %

93

66%

66%

592

92%;

74%

.

..

A-O

ACertificates

■>

1st gtd 4s„_....1998
deb 5s__.
2030

& West

Foreign

86

J-D

mtge 4%s___.

Alleghany

S 'fe J:"1

■

M-3

Albany & Susquehanna RR 3%s
Gen

86

F-A

3Vis—. 1967

Albany Perfor Wrap Pap 6s
6s

'■

27%

100

*'1
'■

■

27%

21

1947

Southern

Power

;7~i '

•:

57

;

u.1948

10-year deb 4 Vis stamped..
Aiubama

12
'

;

16%;;

...1953

Coll trust 4s of 1907
Great

8

'

Express coll tr goid'4s_

Alabama

V?
I,:-::-.':

Companies

JAbitibi Power & Paper—
i'A5s series A stamped

161

226

90% 93
90%

*101%

.

A-O

M-N

.1958

76

103

1951

J-D

1958

Is

.

Adams

M-N

1984

3VaS extl readjustment
AWarsaw

—1951

Loan

Steel

mtge

b 5 A 1st

A

1979

100%

'

J-J
J-J

—

•

1937)—

conversion

378-4 V8-4 A
4-4V4-4 %s

of

bonds

75%

•

.1961
1960
...July 1970
t A Boston & N Y Air L 1st 4s—...1955
Bklyn Edison cons M 3%s_.
1960
Eklyn Union El 1st gold 5s
1950
Bklyn Union Gas 6s series A
..1947
Gen mtge s f 3%s
.1969
4s s f debentures
1969
Buffalo Gen Elec 4%s B
1981
Buffalo Niag Elec 3%s series C...1967
Buffalo Rochester & Pgh Ry—r
r.,V * 7
Stamped
modified
(interest
at

87%
82

»

12,. \

10

.

16

16 Va

6s

($

66%

103% 103 %
115

fund

readjustment

93 %

169

92%

J-J

1959

1st

53%

64

-

35

16

fund

External

77%

*10%

sink

3%s-4-4%%

107%

66%

98% 100%

J-J

1950

Calif Oregon

48

36

16
16

AExternal sink

AExternal

107

99%

/

55

37

53%

80

M-N

-—1955
1946

f 5%s

s

98%

'68

93

102%;

Pa 5s series C_—1960
2%s
1950

Indus

California

39

77%

M-N

1958

Vas assented

8ydney

A-O

1962

.

56%

<7 40%

A-O

1962

31

243

99%
/

M-N

—1951

Guaranteed

7s_

F-A

1

(Kingdom)—

extl

M-S

due

1st

A

extl

of)

B

series

1996

Aroostook RR—

Canadian

external

secured

•A 7s

ASilesla
A 4

Slovenes

<ss

106%-, :

93%

90%

93%

■

:

.

103% 104%

; 104%

to

•57%

45.%

*50

1978

Div

Cin

&

M

'AInc

62%

77^^

^ "2

62

53

J-J

1940.

to Plan
3.5% )

1st

3%

45%

*50

1968

to

46%
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RANGE

Last

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Stock Exchange

York

or

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series A—1988
.2038
2038
Ind «te Louisville Ry—

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.1947

1947
.1647
B—1947
.1947
1947
1966
May 1966
1956
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May 11989
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-May 11989
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.-May 11989
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A—
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A 1st & gen 6s series B
Chicago Ind & Sou 50-year 4s
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1973

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adjustment 5s

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ser

Jan 1 2000

A-—-—,-1994
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inc series B————-2044

mtge 4s ser

Gen mtge
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Western Ry—
2nd mtge conv income 4 Vis——1999
1st mtge 3s ser B
——1989
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25% partial redemption—:—,—1927
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Chicago & North

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deposit

of

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97%

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1960
1951
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1951
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Dec 11960

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82

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1969

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1937
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paid—1943
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1952
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1969

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1952
1969

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18

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1963
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V

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116

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1952
—
1973
1970
—1977

—

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89%
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:
1970

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1990
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89

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1
;
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1950

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i

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—

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18

of

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13

24

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23

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84

96Vi.

21

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83

__

95

Sale Price

100

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100%-104

104

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126

75

74

75

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93

1988

—

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Friday's

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Sale Price

Period

DECEMBER 21

WEEK ENDING

FOR

Week's Range

Friday

BONDS
New

RECORD

YORK BOND

NEW

Monday, December 24, 1945

CHRONICLE

THE COMMERCIAL & FINANCIAL

1963

1st

deb 5s part

AChilds Co

1st mtge

G————1974

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Louis Ry

Cleve Cin Chic ft St
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15

53%

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10

76

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1991

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1990
1970

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1948

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s

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1973

A-O

1st

s

f 4Vis series C—.

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1961

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Columbia Gas & Elec deb 5s

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Columbus & Tol 1st extl 4s
1953

Columbus & H V

Commonwealth Edison Co—
mtge

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—1958

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debs

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.——1977
1951

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1961
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debentures
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-1956

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1965
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1955
i A Cuba Northern Ry 1st 5%s
1942
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A Cuba RR 1st 5s gold
1952
Consumers

*

1948
1956
1958
1954

Power

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82%

85

J-J

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receipts-.
extended to—

115%
109%;

104%

102%

108%

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J-J

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56

112%

107%
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102

105%

104 Vi

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57

74%

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48%

61%

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80

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41%

52

12

100%

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50

61

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7

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45

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gold

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101

101

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,

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106%

2

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ref

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,

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99

.

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—1950
1956
Indianapolis Union Ry 3%s ser B-1986
Inland Steel 1st mtge 3s series F__1961
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i A 1st 6s series A—
—1952
AAdjustment 6s series A—July 1952

101 %

99%

105 Va

97

101% 103

106

81%

103%

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93%

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■

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28%

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85

18

58 Va

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1

/

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190

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108

245

51%

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J-J

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>

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1944
ft; B—1947
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Int Rys Cent Amer 1st 5s B____
1972
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—1953 *
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Internat

179

:

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97%

105%

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—1956

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series

105

100 Vi

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102%

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1st gtd 4s-,

103

89

101% 101%

>

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104%

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.

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.

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1951
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1953
1953

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70

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1951
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s

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1957

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96

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1949

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83
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1993

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1977

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ref

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:

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162

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20

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B—13C5

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1965
extended—-1963
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1973
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98

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1963
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1966
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1970
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A Second gold 4s
1995
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1937
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series F

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—
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1974
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1987
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3%s
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—1997

registered—

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175

102

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118% 119%
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1964

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mtge 3Vis

1990

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44

2000

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39

1953

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1971

M-S

ser

1st

footnotes

ser

F

ser G

I.

H

mtge
see

ft

5s

1st

ft

5s

Ltd—

ihtge income

*

—1973

reg

Co.—

5s

3Vis
page

3096.




99

98%
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__

.

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:

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—1997:
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,

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83

i

Volume

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4449

162

YORK

NEW

KANGE FOR

!

Exchange

Last

Sale Price

or

Lehigh Valley Terminal Ry ext 5s_195l
Lex & Eastern 1st 50-yr 5s gtd_»:.1965
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1951

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—1962

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86

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■

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series

A

unified 4s

Guaranteed
4s

4s

gen

...

Niag Lock & Ont Pow
Norfolk

132%

rtf

gold 4s

116

1

106%

107

Norfolk & Western

4

106 %

108

North

1949

_

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(P)

debentures

3s

Louisiana

Ark

&

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1st &
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•

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&

1969

A

119

106%

•
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9

,

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108'/a

3s

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1955

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Last

Sale Price

Low

'

Miami

Stock Exchange

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78%

12

87%

*132%

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93%

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1962

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146

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1991
1966

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89

89

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1974

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N

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1984

79%

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102

104

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102

102

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100

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&

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90

•

97%

7

.**"

;

116

1st

84

series

A-O

J-J

J-J
A-O

of

J-D

4s

1954

JAN Y Ont & West ref gold 4s
AGeneral
N

Y

Power

4s

&

N

Y

N

Y Queens El Lt

N

Y

&

Putnam

Steam

1st

Corp

gold

1st

Niagara

West

&

M-S

gtd 4s

1993

3Vis

1965

J-J

1937

1st

3'As

M

1937

F-A

1940

Bost

1st

Falls Power 3y2s

For footnotes




see

page

3096.

1943

J-J
M-S

44

55

106%

107

30

ref mtge

&

F-A

*114%

F-A

113'A

113%

116y4

—

*115%

113'A

—

*116%

M-N

114

*125

—

1
10

*103

J-D

99'% 100'A

68

105% 105%

100

J-J

127

128%

134'A

129

136 '/a

2

104%

109

101'/a

106'% 107

107

1

126'/a

124%

136'% 136'%

A-O

M-N

114%

123

133'/a 133'/a

J-D

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1

'*126'%

M-N

104%

99%

101'A

104

106'A

103%

106%

3-D

99%

99%

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99 »A

99'A

99%

17

84%

99%

A-O

99

99

99%

27

84%

99%

—

j

"l

84%

99%

105

106

125%

1956
1968
1972
2037
,.2037

3y*s

5s_.___.—-■
8s

—

125%

101%

'

*117'A

J-D
J-J

100% 100%

94%

J-J

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104'A

108%

F-A

*113

113

113

M-N

33

M-S

34

13

.*98%

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109

110%

107'/a

107% 107%

M-N

431/4

25

103%

109'% 109'%

J-J

108 "Va

J-J

*156

155

160

J-D

*245 Vb

224%

245

*103

100'A

102%

168

Q

43

56%

77

69%

55

56%

77

67

10

54%

74%

73%
88 i/s

83%

933A

37%,

156

25

453/s

lOjA

72

116

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109

1

107'A

71

109

21%

184
■

22%

216

11 %

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137 "

101% 102

89

87

12

105

40 i

*

1C8

■

17%

74%

89
108

107'A

52'/a

80

10

26

——1964

Oats 2%s deb__

J-J

R

11%

.

Reading Co Jersey Cent coll 4s

.1951

.1956
Rand deb 3%s_.
Rensselaer & Saratoga RR Co—»
Gen mtge (4.7*>
for 1945) due. .1975
.i960
Revere Copper & Brass 3'As
.1939
tSARio Grande West 1st gold 4s_.
.1949
A 1st cons & coll trust 4s A

Remington

& Elec Corp—
Gen mtge 4%s series D
Gen mtge 3%s series H
,
Gen mtge 3y2s series. I
Gen mtge 3'As series J
t5AR I Ark & Louis 1st 4yas
t A Rut-Canadian 4s stpd.l
tJARutland RR 4%s stamped.
Rochester

Gas

102%

J-J

*

104%

108

J-J
A-O

79%

79%

,1877

M-S

108'/a

80

44

1

106%

108

103 •:

107'A 107'%
*103

M-N

105'A

9

98

32

Va

62

80

*125%
*108%

110

M-S

1969
1934

M-S

1949

J-J

"19

J-J

22

1941

*108'%
65

»A

110
108 Va

108 y4

M-S
M-S

109%
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1967
1967

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65 'A

66%

45

51 J

75%

19

20

14

16!

27

21%

22%

36

17%

30

I

35

25 y8

107%

I

98'A

282

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48

93%

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108

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102

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30-

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109'

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33'A

4%

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40

40

17'A

100'/a

82%

_•

20
„

1061/4

72

63

Is;

89

*105% 106%
106

14

21%

13
101%

Quaker

75

70

72

M-N

1946
1966

»

4%s.

67

34%

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5s

gold 5s

104

1958

1977
1957

Terminal 4s

ref mtge

&

J-D '

743/4

87%

J-J

A-O

54%

34%

M-N

1963

gold

ATerminal
Y

J-D

cons

4 Vis

5 A General
15AN

M-S

& Pow

1st 3'As

t§AN Y Susq & W 1st ref 5s
5 A 2d

1992

4

72V'4
:

M-N

>1355

<t

Light 1st mtge 23/4S_1975

65%

65%

I

11A Harlem River & Port Chester—
1st

58'A : 76%

87%

,

M-N

1

68'A

65%

1948

68%

69

681/2

"1957
1927_"l967

27

101'A

*106

F-A
,

107

651/2

65%

M-N

1940

u.

15%
17

100

91%

681/2
65%

J-J

1958

6s

4s

ref 4yas

i1955

68%

1956

3y2s

;

5 A Collateral trust
ADebenture

M-S

...1954

~
..

15%

'

89

*96I/b

M-S

1947

,

31

22%
*19'%
103% 104

F-a

IN Y New Haven & Hartford RR—
ANon-conv

30

24

22'A

J-J

*104%

1977
1964
1966

inc deb—

ref mtge 3s

1st &

116

110%

>r

104'A

101%

3

103

*127

t A Providence Securities 4s

'

:

101%

10

105% 105%
107
107'A

103%

*125%

Public Service El & Gas

108%' 1163/4

■

42

103 '/a 103'/a

M-N

M-N

*105

mortgage 3'As

114%

'

103%

M-N

F-A

gen

105'/a

105%

•

104'A

J-D

4'As series D

.iPittston

22

,

108%

102'/8

3-D

«.st

104

103

,<C—'
»;

105'A

2

——1962
—
1974

5s series B

gen

107

16

*110

2043

series A

4s

4s series B
Lack & West 4s series A

4

102% 102%

& Ash 1st 4s ser A.I—1948

Pitts Young

100%

110%

131%

108'% 108%.

3-D

94
95

mtge 4'As series B——

100%

F-A

gold 5s

104% 105

128%

104

138

1959
1960

1st 4'As series A

1st mtge 4%s series C

97

81%

8

4L —

4

105'A
'

81

1

41

104% 104%

1949

G 4s guaranteed

104%

103% 104

,1966

Mtge
N

83%

80'A

',13
%

*1061/4 107

J-D

A-O

money gold 4s

Harlem

&

97%

87

t'/'t'

86 »/2

1965

...

3y»s series E__

Y Gas El Lt H

Y

-

25

9iy2

861/2

Series E 3y2s gtd gold
F 4s guaranteed gold

Series

1st

„„1980

Mtge

1

78%:

180

941/2

901/2

F-A

D

1st

Purchase
N

99%

80 *

7

941/4

-

F-A

1998

IO31/2
406

96%

J-J

.1964

105

100%

83'A

.777;

981/2

*130% 132

:

3-D

;

107%

96

83

290

*136%

'

92
80

107%

106

131%

F-A

deposit

97%

101

81

■':>
:'V.

5

991/a

•»

80

■' 5

49'A

106

Pitts & W V*

77

80

891/2

78'%

F-A

85%, 103%

/

35

1974

99%

77
80

2

.

.

Chicago & St Louis—

Edison

1st

95

2013

3y2s

registered

Dock

Y

89

—,

1998

mtge 3y<s ser E_»_

Ref
Y

coll

Cent

York

A-O

2013

i

C__

River

registered

3Vis

F-A

deposit
series A

series

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Mich

N

5s

Hud

&

94

92

37

1953
1957
Series H cons guaranteed 4s
1960
Series I cons 4'As
—..1963
Series J cons guaranteed l%s—1964
Gen mtge 5s series A
1970
Gen mtge 5s series B._
.1975
Gen mtge 3%s ser E
—1975
Pittsb Coke & Chem 1st mtge 3'/aS.1964
Pittsburgh Consolidation Coal—
3'As debentures
——
1965
Pitts Steel 1st mtge 4y2s
—1950
1st mtge 4'As series B
.1950

81

■

90

78

Beriis

86

83%

registered

3%s

New

1956
1954

impt 4Vis series A

Cent

F-A

20
■

deposit

A

4s

95 'A
100

'■

D

of

RR

94%

deposit

of

Certificates

Central

Ref

N

of

series

A-O

,

91%

109 V*

70

1

82

*u>.

1956

series

5'/as

82

deposit

C

Certificates

A 1st

N

series

Certificates

A 1st

1954

of

A-O

;■.■'■

B

A Certificates
A 1st

1935

106'A 106 »A
75

Phillips Petroleum 2%s debs

;

deposit

A

•;

123% 124%

Apr

Union Ry 5Vis

ACertificates-of

& Mexico Ry—

as

'127'A

M-S

Pittsburgh Cine Chi & St Louis—
tNew Orleans Te?

108%
128 %

118%

2%s_—;

ref

108%

106%
124 y4

17

,2%s——-1967
^974
Philip Morris Ltd deb 3s
-1Q62
3s debentures
.1963
t5 A Philippine Ry 1st s f 4s
1937
and

1

23

M

& ref

107

147

Marquette

1st

106%

127'A 127'%

A-O

Phila Bait &

1st

9

..Apr 1990

4s

Pekin

&

101%

107

133'A 133%

124%

J-D

Ry 3%s ser D
1980
Wash 1st gold 4s—.
General 5s series B
1974
General gold 4%s series C——1977
Philadelphia Co coll tr 4y»s
1961
Phila Electric 1st & ref 2%s
1971
Pere

'

_.

ext—

Eastern 4s

&

102%

49

104

1960

mtge 3V8S ser F

Gen

105'A

1985
1947

3'As

deb

104

1952

B_:—

series

5s

106 y»

48

*125% 126%

J-D

1965
.1968
1981

96%

112'A

105%

107

106%

F-A

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105%

'

'

__

1983

gtd 4s

''

6

'

'

1051/a 105 Vi

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.>>1952

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104%

102

105% '

J-D

New

:

'

J-J

J-J

1952

.

■-,.

109%

._

106

*__

.

1960

77

Peoria

J-D

1945

England Tel & Tel 5s A

1st
N

M-N

>...1948

A Consol

New

A-O

132

*111%
.

M-N

May 11948

103

'Ml

3-D

1965

3s

117

114

-102'% 102%

A Income

F-A

1960

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Dairy

125»A

102'%

Peoria

National

114

122 '

123'%

A-O

'

N

'

104% 105'A

101%

107

109%

111

105'A

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105%

*1061/8 II21/2

105%

112

A-O

62%
;

107

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M-N

sinKing fund 4%s
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63

107

107'A

107

103%

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66

81

T

106%

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M-N

J-D

Pennsylvania RR—
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4s sterl stpd dollar

91%

96

■■■

731/4

13

5

105%

J-J

101%

'■

ioo1/2 IOO1/2

72 Vi

107'%

1955

1960

107

105%

*102% 103

J-D

.2000

79%

11

*104% 1061/2

108

107'/a

1952

Pennsylvania Glass Sand 3y2s

107'%

104%
105

107 y8

107'/a

3-D

105

56

1960

3s B

series E trust ctfs

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100%

•

107%

Pennsylvania Power & Light Co.—
1st mtge 3s./
——.—1975
3s s f debentures.
——1965

100'A

66%'
98%

4Vis series B_I

States

98%

64

97

X

gtd 3Vis

series

112

65

Tramways 5s ext
(John) & Co 3s debs
M

971/4

1071/8

M-S

64%

1047/a

107% 107%

3-D

'

108%

4

15

108

106% 107'/8

J-D

1977

3s ser N

P L

105'A

106% 107%

Pennsylvania-Central Airlines—
3Vis conv inc debs
——1960
A
Pennsylvania Co—

94

97 Vz

Montreal

Constr

97 y2

102%

1

106% 106%

Paterson & Passaic G & E cons 5S.1949

69%

79

IO41/2 106%

F-A

& Malone 1st gtd gold 4s
Monongahela Ry 3 Vis series B

1st

ref mtge

1st &

1974
..1979

series L__.

3s

,

M-S

48

94

101

*101% 103%

91%

M-S

Moh'k

Essex

■■

1949

5s

&

A-O

65y2

..1980

gold 5s series H

ref

M

Panhandle East

M-S

,

ref

&

Morris

9iy2

101

1981

gold 5 Vis

&

1970
>1971

ref M 3s series M__

>>1978

A 1st

3s series J

&

1975

A 1st

Morrell

91 Vi

'

'

-

106%

J-D

& ref M 3s series K

&

1977

G

series

J-J\"

.1965

/

5s series F
5s

;

105%

104%

J-D

& ref mtge

1st

,

series A

5s

AGeneral

J-3

>1978

Pacific RR Co—

^Missouri
A 1st

5s

D

J-J

105'A

33

108

Paducah & 111 .1st s f gold 4'/as

A

103'%

102

105'A 105%

105%

A-O

J-D

&

1st

Missouri-Kansas-Texas RR—
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100%

101'A
102'/a

J-D

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81

65

114

99%

2

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1966

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106

94%

31

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.

18

102'% 102'%

J-J

1945

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1st

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tage

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1946

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Marie—

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a

101'A 101'A

101'A

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J-J

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94%

116%
120

97%

1st
Minn

100% 100%

J-D

30%
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99

105'/a

104%

1

1975

gold 4s____1946
gold 5s_>_1946

cons

103%

111'/a

75

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J-B

1st

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13
34

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101

107%

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■

3
10

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Line

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83

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I

■

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4

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27 *A

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j-j

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91

"l

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105 y2

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1940

& Lake Champlaln Ry—
guaranteed 4s_—_—_.._.1P48
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1st mtge. 2%S
—1975
lOgdensburg

101%

80%
103

F-A

t§AMidland of N J 1st ext 5s

O

82'A

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4

12

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A-O

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A

65%

78

80

88 Vi

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,

83

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1950
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t § A Met

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1947

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105%

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104%

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THE

YORK BOND RECORD

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RANGE

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gold

lien

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4s

of

of

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of

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50 Va

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;

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deposit

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series

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gen

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100
32,600
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18

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700

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24

YEARLY

ENDING

23
1

page

74

-

21

3101.




»

7%

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48

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American

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500

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Jan

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100

15 V2

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24

20

21

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46

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Nov

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Nov

38

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19

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9
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Post

Paper

Argus

Inc

Elec

2

;

Fence.

•

Sales
for Week

Sv

Shares

44

:/

Jan

234

17%

Jan

24%

Dec

31

Jan

44%

Dec

xlli:

Aug

23%

,

350

44'%

13,400
325

115

Nov

Nov
Dec

14'A

600

Va

Jail

14%

49%

150

41%

Jan

50

Dec

47% May

54

July

*

'

47%

Nov

3*2

43%
14

50

5,200
17,600

114% 115

47'A
51%

High

36% July

Ya

23

23

Jannary 1

Loio

2'A

49

1%

2Va

Range Since

H'aih

48

49

/

■

8

-

20

5%
i41%
x53Y4
16Ya

51%.

100

24%

800

18

Mar

29 Y4

Dec

43

23 %

50 Y»

22%

43%

300

32%

Jan

45%

Dec

22%. 23 3A
28 %

6,300

17%

Jan

26%

Oct

1,100

25Ya

Apr

29%

Jun

21'/a

500

20

Nov

24%

Nov

5%

16,300

Jan
Jan

6%

Dec

31

44

Dec

41%

Jan

59

Dec

Jan

19'A

Dec

4Y4 Jan

9%

28

20

5'/a

—

42%
6Ya
10
10

42'%

x53%

25

16%

17%

2,700

8%

2%

1%

200'

41'%
x53 Y4

8Ya

600

2'A

2%

75,200

11%

(

Ya
120

42

6%
10

93A

45

1,400

18

3%

Jan
Dec

135
49 %

Jan

—

5Ya

5Ya

4'/a

Jan

8%

Dec

2,800

5'%

Jan

11%

Dec

U%

900

3Ya

Jan

12%

Dec

5%

900

115%

?0

3

20 % Mav

6%

Jan

20'A

13Ya

115

13'/a

Nov

2,500

6Ya

J»n

41

Jan

111 Va

1

—

Oct
Nov
Aug

10%

•

17 3A Aug

£1
1
*
Pwr 4%% pfd—100
——
1
—

Apex-Elec Mfg Co common

'Appalachian

_3
•

common

Anglo-Iranian Oil Co Ltd—
Am dep rets ord reg—

11%

■

Range

20

Mfg Co common.™.——25
Maracaibo Co
1
Meter Co

Anchor

44

:

of Pricee
Low

;.-

• Ay

beginning on Saturday
is intended to include

Last

—

Nov

50

week.

^

Week'a

Friday

Exchange

Light & Trac common
25
preferred
—;—25

American
Amer

200-

under Section 77 of

the regular weekly range are shown

•

Angostura-wupperman

51%

I

107

of the week, and when selling outside
, . / ;

Dec

6'/a

Mar

117Ya

76 Ya

79%

A-O

Oct

119 '/a

87

86%

863A

•

RECORD

Laundry

American

Nov

29

105%

115
69

in bankruptcy, receivership, or reorganized
assumed by such companies.
bid and asked prices; no sales being transacted during current

York

American

Jan

%

107

103%

>

39

Cyanamld Co common
10
American & Foreign Power warrantsAmerican Fork 61 Hoe common—»—•
American Gas & Electric.:
,—10
4% %
preferred
—
100
American General Corp common—10c
'■
$2 convertible preferred
1
$2.50 convertible preferred
—1
American Hard Rubber Co—
25

Dec

6

•

—

v

Af-N"

American

9%

11%

1700

7%

*117%

J-J

not Included

delivery sale

104%

2

104 Ya 104%

A-O

J-J

99

25

106

106

Af-S

%

__

99

Par

134Y4

60%

51A
60%

5

46 Ya

_

*109'/a

M-S

94
89

IIOV4

109%

Sale Prioe

Jan

/
23

A

see

34

DECEMBER 21

Jan

Jan

300

60%

5%
__

wight—

A

B

footnotes

89

EXCHANGE

3Ya

Jan

55

115Y4 116%
23Ya 24'/a

•

100

Mfg

Power

class

87 Ya

selling flat.

A Bonds

99 Ya

1073/4

el'/a*'
116%

1

common

Co

87 Ya

price represented is the dollar quotation per
at the exchange rate of $4.8484.

Jun

8%

52

100

Central

American

American

'

116

Mfg

common

American Beverage

77%

tCompanies reported as being
the Bankruptcy Act, or securities

5'/a

106

13

__

52

100
*

preferred

American

*
•

Co common

preferred

Aluminium

30

,

13

•

common

Aluminum

91

Dec

"

37

10

(Michi

Co

__

II

130

117'/a

117

•
1

( Allied Int'l Investing S3 conv pfd
Allied

129% 131

»

»

common™

■'

Aitorfer Bros

101%

94

of

High

19%

6'/a

_50

Southern
$7

5

92

M-S

Americrn

Alles & Fisher

102 Ya 102Ya

92

J-J

guaranteed_„>.2361

STOCK8—

Low

13 V8

13

17%

50c
3

Corp

Electric

102Ya

sale not included in the

New

1,800

9

9

Deferred...

Alabama

107 %

J-J

—>-2361

Deferred

107Ya

M-N

——1960
1951

Range Since January 1

Shares

10

common

Air-Way

7%

II

1

Mfg common
; Air Associates
Inc (N J)
Convertible

Af-S

§Negotiability impaired by maturity.
tThe
bonds. Accrued interest payable

27

ft
1

..

Ainsworth

Air

J-D

115

the year's range,
n Under-the-rule
included in the year's range,
y Ex-coupon.

Sales

for Week

10

common

>.o

Mfg 2Vas_

Af-N

pound unit of
-

v.-

104

FOR

110%
104% 108%

9

complete record of the trans actions on the New

Hioh

Low

8Ya

warrants

107%

106'/a

107% 107'A

York Curb Exchange for the week
(Dec. 21, 1945).
It is compiled from the daily reports of the Curb Exchange itself, and
in which any dealings have occurred during the current year.

Range
of Prices

Pur

Motors

117 3A

105%

108

Maryland 1st 4s—,
Facific 4%s inc ser

♦Friday's

Week's

Last
Sale Price

i

ACF-Brill

series I__—1966

Power 3%s

Penn

disregarded in the week's range unless they are the only transactions
No account is taken of such sales in computing the range for the year.

the present Friday

Curb Exchanco

York

115'/a

107%

v

105 Va
102 Va

20

*116% 118
106% 106%

J-J

73 V2

103 %

101 %

104

1"

lU3'/a

60

*101%

J-D

109

102

"62%

.

J-D

—1950

100

27

65

110

102 Ya

99 Ya

102 Ye

*103% 104%

J-D

«T O C K S

New

F-A

105

102%

100

107% 108%

Q-Af,

—._i._1967

98 Ya

*103

F-A

95

84%

17

*102% 102%

Af-S

.1948
A—1970

48

94'A

108

not

108 Va

130

;'v

RANGE

i

105

100

90

97 Ya

105

A-O

107%

105 Ya

101 Ya 102 Ya

1Q2%

whether stock or bond,

security,

106%

May

109 3/a

141% 141%

J-D

J-J

deferred delivery sales are
week in which they occur,

15, and ending

111

103%

—1952

103 Ya

131%

2

following extensive list we furnish a

every

101%

31

93%

a-o

deposit
—
|ASu & Du div & term 1st 4ff_—1930
ACertificates of deposit
Wisconsin Elec Power 3%s
1968
Wisconsin Public 8ervice 3%s
1971

106

40

104% 105

in

Dec.

~4

106V4

104

a-o

C

>

stpd gtd

Leg ds

ACertificates

106%

104

106 Va 106 Ya

106%

footnote

a

123

110'/a

*95%

included in

In the

in

102'A
104 Va

118

93%

F-A

>.1949
Gen
1992
Wheeling Steel 3% series C__—1970
Wilson 6i Co 1st mortgage 3s-„—1958
Winston-Salem S B 1st 4s_.
1960
tAWisconsin Central 1st 4s
194$

107%

105

129% 123%

129 Va

WEEKLY
and

103%

106

Apr

—..^.-1970

,Gen mtge 3%rS

.

NEW YORK CURB
NOTICE—Cash

2

—

110

Apr

Tiake Erie RR 4s
& ref M 23As series A

66 Ya

125

10

103% 103%

Af-N

J-J

1S85

100%

103% 103 Ya

Af-N

Wheelin?

105 Ya

105%

46

104% 105

105

J-D
J-D

57

103%

115%

50

*109

A-O

-1981
B1991
1971

Registered

A-O

109 V4

112%

102 Va 102'A

102'A

J-J

-_iaoo

debs

Co 5'As

Westinghouse El &
West Shore 1st 4s

126

102%

107%
104

109%

—

115 % 115%

Af-S

3'As
^1955
RR 1st ref gtd gold 3%s__2000

30-year

Va

106

Apr

106%

98%

14

A— 2014
Western
Union Telegraph Cc—
/Funding Si real estate 4'/2S
1950
25-year gold 5s
1951

118%

116 Va

RR of New Orl 3YaS__1974

Tenn

106

95 Ye

111

*107% 108

200"

*114%:

Af-S

Petroleum

Western

136 Ya

A-O

107

104%

103% 103%

F- A';>:

1995

1st mtge

Co

Baking

Westcnester

West

105

136 Ya 136 %

*125Va 126 Vi

E___

ser

I

.

107

J-J

gold 5«

l«t

M

105

136 lA

J-J

1959

62

*105'A 106

m-n:.

inc series A

(subordinated)

Western

105

107

105Y4

106% 106%

106%

106%

"

703%

104

■

Pacific-Missouri—

Texas

.

101%

1950

104 '/a

10

»•

-195P

Washington Central Ry 1st 4s
Washington Terminal 2Y8s ser

103%

102 Ya

.2019

...

32

105% 106%

Af-S

5s—-—^.2003,'

inc 4%s series
mtge 3%s ser B.—

Warren

104 3/a

85

4s

mtge

Ward

105 Va

85 Ya

147

1968

Pacific
&

Gen

92 Ya

128

105'A

deb

3s

Company

Texas

120

102% 104

103 %

debentures

3s

1043A 105'A

103 %

St Louis—

Ref &

1st gtd

mtge

Walworth

»

102 Ya

Af-N

1965

Gen

1st

111

101 Va

m-n-

line 3s

Rtt Assn

imp M 4s ser C
Tcxarkana <te Ft Smitn 5 Vis A
,

107%

105'A

103 Va

104 '/a 104 Ya

*104% 105

Wabash RR Co—

Warren

31

102 Ye

Transmission—

&

mtge pipe

Terminal

102 Va

.

5s„_____———

cons

Gen

,

1

109Va 111

102%

■'<"

107%
130

m-s

1959
1958
1981

—

& Co 2%s debs

Swift

105%

Af-S

1968
1961

N J deb 3s.

Standard Oil

111

103%

i

•

A-O

A—1958
—_1957

Virginian Ry 3§ ser B___

102%

1985
2013

internal 1st gold 4Vas
of Calif 23/4S debs

Oil

Stand

J-J

&

Iron

1st

80

126

i._

,

105

101%

M-N

A-0

35

103
10

—

W

103 Vi

101%

24

107

*129%

104%

*

A-0

jl«do

113%
103

20 3A

102% 102%

*103%

—

102 Ya

J-J

1970
—1971
—1990

110
103

103

„

34 YB

J-J

49

66

12

llbYa

nioYs m%

—

J-D'"

107%

101%

4

,

103

Electric & Power Co—
ref mtge 2%s ser E___—1975
Coal & Coke lot gold 5s—1949

Va & Southwest

103

1951

Southwestern Bell Tel 2%s debs
^dpokaue

106 Vi

ld6Va

'

20 Ya

104Ya

'"

Va

83Yi

lOlYa

27

74'/a

F-A

1966
1996
1994
1958
1956
.1956
i998

:

4s series A

gen

201

102'/a 102 Va

:

'

1961

1st cons gold 5s

Ry

&

23

100

76

282

107%

t

1950

A

1st

101
105

1 ''

•

f 4s series B__—

s

Virginia

99%

83'/a

*73

Co—

C_:

Southern

j-j

Va

81

102% 102%

102%

Cons

76%

20%

f-a

1977
_1968
—1969

B

series

53

107

j-j

1931

33As

66

*102'A 102 %

j-j

1979
1985

;

Term 1st 4s

3%s

76%

f-a

Co—

—

mtge 2%s ser

; 1st

75

8 DA

ms

Co—

RR

52 Ya

73%

A-0

Pacific

15

24

105%

~A~0

1959

RR cons g 4s series

Vandalia

1

75

...

;

Fran

San

4

81 %

iGold 4,Vis
Southern

1743/a

78%

J-J

-Gold 4Vis

Gold 4 Mis

53%

99 Ya 100

(Oregon Lines) A__

.1st 4%s

:

!'•

10

105

Af-N

1947
_

3Yas debs

-rf+ x"; f.-.

57%

73 Va

105

103

*106

.

land

57

393/a

m-s

105

101

53 Ya

39%
28

7 4'A

1964

Pacific

Bouinern

•

iut—

Pacific

Universal Pictures

57'/a

'

60 '/a

102%

120'/a

73 Vi

1963

—_

120

73

73

M-S

;

__

86

45 Va

105'A

Af-S

——1970

——

grant 4s—
3%s deo
35-year 3%s deb
Ref mtge 3s series B—,

55%

3s debs

debentures

II'I

*55

Co—

Southern Bell Tel & Tel

debentures

&

1st

133

39%

70

94 Va

101

F-A

of Mo 3%a
19"
tr 2%s——11975

34-year

106 Va

86%

•,

A-0

RR gtd 5s

& Nor Ala

Union

62

130%

117% 120 Va

118

debentures—..1961
coll tr 7s
_194i <
Skelly Oil 23As debs
1965
Socony-Vacuum Oil

'

114%

104%

139

coll

&

M

2%s

100 Va

40%

A-O

1959

RR

95 Va

72

High

84 Va

193

'/a'

52

51
*103

J-D

t§ A Union Kiev Ry (Chici 5s—
I94ta
Union Oil of Calif 3s debs——1967

97%

114%

*132

1956

;23/is sinking fund

3s

67

M-JV

t§ ASilesian-Am Corp

-2%s

47

54

53

A-0

.1935 ►'
Seagram.(Joseph E) & Sons 3%s_1965
Shell Union Oil 2%s debs
1954

■

97%

Vi

Low

1

January

62

90

U
Electric Co

Union

United Biscuit 3%s eleus———

A wi—
liGen mtge 4%s ser A wi
tAseanoard All Fla 6s A ctfs

South

72

*105Vi 106 V2

4s ser

mtge

.1st

87

73

*112

Y Trust)

of

Line

Air

14

84

54

F-A

'

108

94 %

97%

J-D

series A—...

ACertiflcates

*

,

1

114

83'/a

;

*

Seaboard

3/s

««ld

High

88%

J-D

ref si impt

51Va

27

114

j-j

1990

1948
ACtfs of dep (Guaranty Trust)— *
ACtfs of dep (Chemical Bank)—'
§ A Atl & Birm 1st gtd 4s
_1933 ;

f

999

44 Vi

(Chemical Bank)—

dep
6s

50 Vi

x43 %

93 Vi

j -j

1952

cons

x44

J-J

4s_1968
1941
-1971
,_1989

ACtfs

5

M -N

1st cons gold
*§ASt PiKCShL gtd 4%s
St Paul Union Depot 3'/aS B_
Scioto V & N E 1st gtd 4s
ISeaboard Air Line Ry—
8 A-is gold stamped—
A Certificate of
deposit

A 1st

G6Vi

43%

1989

Bt Paul & Duluth

IAReiunUing 4s
*.
ACtfs of dep (N

67

44 Vi

iii-a

Nov 1989

ref

&

51

61 Vi

5

Range Since

Bonds

No.

52 %

71%
70

63

60%
65

& unifying 5s
gold 5s series A

term

AGen

66

51,

61%

134

Range

Friday's

Bid & Asked

88 3A

A-O

1st ref 4s

Ry

income 5s

Ohio Cent

1st

tSt Louis-South western Ry—
1st 4s
bond certificates
A2d 4s inc bond ctfs
IA 1st

68

48

529

AAdJ

Tol &

65%

deposit stpd

ACertiflcates of

Third Ave

96

99%

%

61

or

J-J

1960
—Jan 1960
3Y»s—1960
Toronto Ham & Buff 1st gold 4s—1946
Trenton Gas Si Elec 1st gold 5s—1949
Tri-Continental Corp 3% debs
1960

97

48%

9J%

j-j

1978

M 4%s series A

A Cons

High

92%

—

*98 !

Sale Price

Low

62%

H

1950

B
deposit

5s series

lien

APrior

1950

A
deposit

ser

ACertilicates

Low

No.

Week's

Last

Period

79 Ya

*97%

...

—

:;v_A

Francisco Ry

San

ISt Louis

Sold

81

•

Friday
Interest

Stock Exchange

New York

Range Since
January I

*95

A-0

J"J

,

Bonds

Bid & Asked
Low
High

j-j

1996

199*
—1955

St L Rocky

PHce

Sale

Period

6s
,
_—
Mt & P 5s stpd

Lawr &
2d

Exchange

Stock

York

New

Last

Interest

ENDING DECEMBER 21

WEEK

FOR

BONDS

Week's Range
or Friday's

Friday

BONDS

Monday, December 24, 1945

CHRONICLE

COMMERCIAL & FINANCIAL

096

14

2,400

7% Jan

Nov
Dec

NEW YORK CURB
RANGE

Curb

Common

class

A

non-voting

Associated

ft

Associated

Atlanta

Atlantic

Coast

Atlas

Corp

Alias

Clark

70

110%

Feb

115

Dec

Claude

27'A

X27

29

2,000

12 %

12

12%

2,600

7%

~3

~3

~3%

2,400

8% Aug
% Jan

10%

11%

650

pfd

Dec

Club

Nov

V

Cock shu tt

Jan

17

104

Aug

Electric

.7,700

Aug
Jan

90

Dec

Colt's

9%

18,500

2%

Jan

10

Dec

Columbia

2,500

17%

Jan

27%

Dec

26

5%

preference

Apr

18%

Jan

Commonwealth

9%

800

•5%

Jan

10%

Nov

10%

Jan

20%

Oct

200:

23

Jan

28%

Oct

16% Mar

28%

Oct

26% x26%

::

3

12

500

■

Southern

t

extended

c

Babcock

Co

Wilcox

ft

•

Baldwin Locomotive—
7%

29%

1,700

48%

Jan

Dec

-

40

30

i

1

common;

Steel

Barlow

Biscuit

1

Corp-u—:

Seelig Mfg—
: •
$1.20 convertible A common

Basic Refractories
Baumann

1%

<L)

Inc

B^aunit

,

Consolidated

Gas

Consolidated

Mining
Retail

Consolidated

Royalty

Consolidated

Steel

y.

1

9%

8%

Feb

8%

Dec

y•

,

Dec

10

Dec

25%

Mar;

106

14%

14%

100

10

53%

53%

100

18%

-_1

213/4

22

900

18%

—_

20%

8% Mar

50

1

Ties

In© common-

Apr,
Jan

5%

3,000

19

/>/ 19

-100

-

12%

15%

150

20

19%

•9

—•
►

Nov
Feb

Nov
Nov

135

Utilities

ft Smelt

Ltd

7%

55

(A

Aircraft

©cllanca

Bell

Corp

Shoe

S)

Tel

&

1

71/4

100

166%

common

Canada

ot

-v

;,

24%

Nov

7%

7%

/

>

ft

Hedges

8%

Dec

Cor? von

Convertible

.

preferred

Berkey & Gay Furniture

Bliss
Blue

(E

Ridge

$3

;,i:;

53/s
21%
14'A

29%

313A

27%

29%

5'A

5%

Corp common.-

pfd

30%

.

27% A

1

convertible

5% -■//:

1

preferred

Blumenthai

ft Co

(Si

411,800

1/64

41

200

27%

26

44%

46

Jan

Cosden

15%

Jan

Aug

Nov

900

i*

18

Petroleum

1,750

23

2,800

1

41

22 %

.

23%
85

900

106

8%
'.

70 '

72%

21%

1,600
5,300

25%

27%

1,700

112

Jan

34%

Dec

36 %

Jun

Croft

17,500

50%

x32

3%

Jan

6%

Dec

Crosley Motors Inc—

57%

Feb

Nov

51

56

Nov

oiuwii

Cent

Jan.;/;

28%

Sep

Crown

Cork

50%

Dec

Crown

Jan

55

:

Bohack
•

7%

(H

1st

C»

Co

common—

preferred

-2,000

9%

Scrymser Co_
Bourjois Inc
Bowman-Biltmore

7%

1st

•

Breeze

•

Corp

Brewster

23%

24%

•

2%

23/4
70%

73

5

•

Lgt ft

Pwr

common,

.600

1

5

Oil

Co

•

10

Co

common

ceuuT

<-

Class

A

British

British
Am

Oil

Co

dep

British

ord

rets

dep

Brown

$5

yy,

Bruce

(E Li

Bruck

Silk

5%

233/4

1,100

115

Jan

24

5%

5,100

11%

9,400

Co

Co

(P

H)

;

35

May

24

Dec

Nov

8,100

5%

Sep

350

20 Va

Jun

2,300

7%

6%
25

2 Va

Apr

4%

Dec

28

4

4%

43A

9%

'' '
40

t

Jan

11%

Nov

Jan

34

Sep

20

Feb

42%

Dec

30

...

42%

91

Feb

5%

,600

;

99%

1

9%

14%

99%

.8%

14%

3%

3,300

9%,

A

■

•

15%

9%

Sep
Nov

48

Dec

Jan

10%

Feb

15%

Dec

Mar

9%

10

2,000

100

Jan

Jan

33

_*

Electric

Dec

4,200

10

x37

•

-

28

24

x

Corp—
_100

20%

rcts.t.

19%
11%

,

A

9

106%

Nov

22 %

Nov

3%

Dec

Jan

13%

Dec

Jan

10 %

Nov

Nov

10%

Jan

j-

1%

Jan

■v,

3

4%

'

56,100

13

9,500

9

; 9

;

300

Electric Products common

Voting
Cables

certificates

trust

'n'1

6 'A

2

70Q'

Calamba

Sugar

California
Callite

Estate..

Electric

Tungsten

Camden

Fire

4%

4%

5%

1,600

1%

4% V' 4%

200

3%

Jan

-

Bread

Canada

Cement

Co,

Car

Class

&

;

7%

11%

12%

3,200

*

•v

5

Jan

preference

Nov

■

—

—•

Jan

108% Apr

25 % May

29%

Nov

"V;

4%

Jan

17%

Dec

5%

;

...

Carman

&

class

Co

A

•

Class B

Apr

14

Dec

4

4%

11,000

1%

Carter

Co

P

(J

L $5

W)

Co

Casco

(A

pfd

29%

175

16%

Jan

M)

Corp

Central

Maine

Central

1

—

&

Oatalin

.

America

Power

7%

pfd

Central

Central

Power

Central

ft

South

Light
West

{Cent States Elec
1%

preferred

Conv
Conv

Cessna

6%

77o

pfd

pfd

JV-

18%

18%

100

55%

57 'A

110

4.

■,

20

12%

21%

33%

21

10

6

33%

50

12%

13%

6,500

500

100

106%

;U%
■

«

35

100

61/4

3

Nov

Nov

16%

Dec

17%

Dec

8

1,400

9'/a

10%

2,200
200

July

11% July

7% Mar
15

22

Jan

Dec
Nov

'.5,700

3%

Jan

9

75

25%

Apr

32

300

2VB

Jan

'8,400

31

Oct

Mar

321/4

Dec

Aug

22%

47%

Dec

Mar

11%

12

500

39'/a

*•'200

18%

Oct
Oct

61/4
72

Apr

Nov

21%
57%

170

106% 106%

10

12

Dec

May
Dec

Foundry

Gray

Iron

Detroit

Mich

Stove

Detroit

Steel Products

De

Vilbiss Co

Oct

20

Dec

50Va

10% July

Dec

Ltd—

Co

I

Dobeckmim

Co

common

Domestic Industries class A com
Dominion

Steel

Coal B

&

16%

Jan

Ltd

Test

Duval

East

Gas

4% 7ft
6%

Aug

21%

Jan

5%

8,000

1%

Jan

6%

Dec

X9%

4,400

Jan

16

Jan

101/4

Dec

27

Jan

39

Nov

251/2

Apr

38' '

Sep

10y2

Feb

12%

Oct

9

5%

200

35

Oct

21%
78

Dec

Oct

19

Nov

IDA

Jan

34%

Nov

20

1,400

19%

18

131/4
18%

18%

Jan

62

Dec

■

500

30%

32

59

60

1
1

62

1,400

6

10,800

5%

5%

»

12%

12%

'

•

2,300

13%

6%

Dec

6%

4% Apr
25% Mar

Dec

33%
14%

Apr

Dec

15

Aug

15

Aug

67

—*

May

88

Nov

x

1021/2

Nov

74
250

62

60

Apr

38%

Jen

66

Jun

84

62

Jan

103

Nov

8%
20

20

15%

715%

100

-

1,900

7%

7

700.

16

Nov

6%

Sep

81/2 May

9%

Nov
Dec

20

Jan

7%

Nov

11% July

161/2

Dec

3%

Eastern
$5

Sugar

73%

ft

Share

Dec

common-,

Electric Power & Light
Option
warrants

Apr

Electrographic

»,

Corp

Eleln

Watch

104%

107%
22

Nov
Dec

122%

Apr

12

Dec

National

Elliott
5%

Co

'•

52

Dec

Emsco

63

Jan

122

Dec

Aug

48

Dec

31

36

250

18

Aug

45%

Dec

3% Aug

7 %

Dec

47

81

Dec

53%

475

391/2

57 V*

&

1,900

8

Jan

14%

Nov
Nov

200

17

Jan

26 %

Nov

21%

Nov

Jan

13

20

12,300

9%

76

76

300

70%

Nov

76%

801/2

NOV

Jan

143%

76
139

•

7

77%

'2,000

141 >/2.
7%

200

70

2,400

Jan

Chamberlin Co of America
Cnans

Corp

^hesebrough

5

18%

Mfg—
common

150

10%

21

200

16%

Dec

T

650

53

25%

3,200

51

271/4
51 %

70

200

Jan

8%

Dec

Jan

191/4

Dec

35 %

Jan

58

Dec

»

15

Jan

33%

Jun-

i

50

Sep

104%

Sep

10% Aug

3%

3%

9,600

1

50%

50%

511/4

425

14%

•15%

1,200

%

43

15

—

3"%

30

44%

46%

15

15
6

150

30

45

common

inc new common—

41%

•

Consolidated

—4

Mining

1

{Childs Co preferred
Cities
$6
60c
$6

Service

.100

2%
165

;

27%

•

preferred B
preferred BB
footnotes

—

_10

:

common

preferred-

For

^

1411/4

25

30%

16 %

2,300

11

6 3/4

34,100

Oct

15

Dec

Jan

4

Nov

Jan

54

Nov

7% Mar

1,300

52

108% May

171/4

Oct

May

33

Oct

Sep

48

Dec

•

•
see

page




3101.

13

144

Nov

Falrchlld

Camera

Nov

Balrchlld

Engine

50

16%

275

11%

Sep

17%

2%

10,900

2%
26 %

Dec

Nov

Feb

15%

165

28%
144

133A

13C % 136%

490

14,000
2,550
600
30

% Aug

3

Jin

165

P*

16%
117
11

Nov

21%

34%

43%

140

20

22

350

41%

155

Feb
Jan

Jan
Jan

112

'

Chicago Rivet & Mach

8%

18

25

Chicago Flexible Shaft Co
Chief

400

17%

5

common

Xl8% xl3%
21

10

common.

Jan
Jan
Jan

110% Mar

Sep
Dec

$2.50

conv

Falstaff

ft

Inst Oo.

ft Airplane

1
1

30%

Dec

Fpnctnpi

Rights

Metallurgical.
w

i

13% (,Dec

l«

Nov

Association

Oct

91

25

16

Apr

83%

83%

91%

2,100

38 %

Feb

4%

6%

30,350

4'A

Dec

12% Xl4 »/4

10,600

13%

100

66%

65 %

68

16% Nov
7% Dec
1001/4
25
106.

81/4
14%

Dec

Dec
Nov
Dee

230

Oct

11%

Oct

23 Va

:

21

Fire

/*ug
May

83%

—

1

142

.900

3
56 Va

25

83%

1

Oct

144

6%

4%

•

pfd.

Brewing——

•

Dec

*;

<

A

"

Clierry-Burrell

•;

Dec

Nov

73

1071% 107%

preferred-

Line

May

24%

25%

Inc
Pipe

Ever sharp

275

47

49

Co

Equity Corp common

18

Eureka

78

;

84% 'Dec

11%

5% pld.
Equipment——-

1^:0

Esquire

471/2 May

51

260

Derrick

Oct
Nov

100

18%

19%

District Electric

convertible

5%

81%

6%

common

.l.KVS

$3

42V2

Jan

4,800

12%

2d pfd A.

preferred

Empire

Nov

Jan

1 %

4%

24%

formerly $5——,
$4.20 pfd. formerly $6——— IZH*'' 76

Dec

Nov

82V4

51

12%

pfd

Nov

Nov

100 %

Feb

2

73%

-

51

Machine B
Economy Grocery Stores
Bond

8%

Feb

46 %

4

Associates—

Washing

$3.50

Jan

781/2

79

preferred

Eleetrtc

Va

350

1,175

2,100

75

preferred series A

Easy

7

98%

73

"4%

preferred series B

14%
120

6%
97

74

—-

$7

si

16,900

Dec

^0%

97

Corp

40

.

26

50

341/4

—>——

Stages

21%

17% Aug

500

V 21

4%

91/2

1
10

Iron

Malleable

Eastern

34%

Apr

Nov

14

Sep

P- 26

21

5%

common..

preferred

Eastern

Jan

U

8

'800

12%

12%
25
21

preferred—

Jan

65,400

6%

Dec

33%

Fuel Assoc

&

prior

111

5%

Dec

*

8ulphur

106

32%

155

Ltd-4^r?v^^-.V:\-,v.C
—'1
•
common
1

Corp

Texas

Dec

16%

Jan

155

dep rets ord reg ——
Hosiery class B common

Duro

%

Apr

Duke Power Co—..—•

7% July

Jan

5

Dec

Dec

Apr

10

24

Feb

3,200

—*

—

Co

14%

Apr

14%

•

Co Ltd—

Textile

Corp
Harris

Co

Chem

ft

Tar

15%

82

*
28

Bridge Co Ltd

Dominion

Dominion

Feb
Apr

138

£1
1

rets

dep

51

40% Mar

7%

400

v

..

ord reg
Corporation

Am

14%

12%

13%

37%

280

13%

1

Diana Stores Corp

Distillers

Jan.

35V2

1,000

36%

■v37'

47 Va

10

common

preferred

7 7ft

J&n

22%

**

461/2

10

Co

common

Dec

119% July

Sep

•

31

46%

20
1

preferred

32

■■"

107

100

29—

Jan

12

42% .Feb

12%

100

common

33

Mar

118

.100
—

29%

118% May

_50c

preferred

28

8%

1

Utilities

opt div ser

,"'*T

•

100

—

Co

100

100

pfd

pfd opt div ser
Aircraft

30

116

1

New. York Power 5%
Ohio Steel Products
ft

30

6

55%

■

•

—

Co

of

~

*

com

Products..

Castle

V

*

common

&

67ft
Detroit

$6

Jan

28

'

•

—

Carnation

Carolina

•

4'/8

July

8%

/

6

•

...

Jan

Nov

;

25

Products

Dec

Aug

1

Nov

Alcohol—

Marconi—

City

«

24

Dunlop Rubber Co

'

Capital

Dec

34

10,100
41,100
2,900

5%

18

•

Durham

5

Apr

'

Nov

10%

32

50

Mfg-—

Dec

14%

July

8%

108%

<

45

Oct

8

,36

1

ft

Dec

25

Jan

*

Foundry Ltd—'

Jun

350

2%'Aug

4%

Gasket

4%
13

6% Mar
20

100

.

Dec

.

29'/a

29 %

39%

Derby Oil & Ref Corp
Detroit

Des

"10% Sep

Jan

12%

:

Jan

6%

common

voting

non

Canadian

200

2,600

5

voting.,

Class B

8%

12%

:

Ltd

Industrial

A

8%
11%

1

Ltd

Co

Participating
Canadian

8%
11%

Corp

preferred

Canadian

1
.10

... ...

Power

Ngv

Dec

6

6,900

100

debenture

5%

Jan

4%

■

6%
29Va

29%

.—38

;

prior preferred

8%

Am

£1

Insurance.

Canada

6%%

pfd

$6

7%

Jan

.

dep rets 5%

8%

1091%

32

Dejay Stores common
—50c
Dennison Mfg class A common—
3

Driver

'

American

Jan

D

Draper

6

50o

Wireless—

&

-

m

/■V

500

32% .Nov

14% Mar
Jan

157/«

5

-—*
—1

Mills

Rubber Mfg
Class A-convertible

Dayton

Dominion

'

■

Cable

Nov

2

21%

,;l

29 Va

2.50
8

common

(Mo/.

Davenport Hosiery

Divco

105

650

8.000

,

33/8

;

"

12tic

—25c

21%.

3

3%

common

JJ

105'A 105%

105%

2.50

—

—

9

"7%

Dec
Nov

Jun

7%

common

Corp Am dep
Biscuit Corp

Butler

11 %
21

20% Aug

•

Sullivan

&

Aug

J- Mar

Dec

6%

2%

84

13

20%

6 V. Jun

Feb

5%

Nov

common

preferred

flurry

3%

:

--

•

Dec

J an

u

Dec

\

23%

class A

Mills Ltd

Hill

Curtis Mfg Co

Dec

•23%

Wire common

Niagara

Bunker
Burma

Inc

Feb

Buckeye Pipe Line
Buffalo

Lighting

Jan

10s

reg

Power

preferred

Rubner

Curtis

19 %

preferred—

prior

Dec

19%

Forman Distillers

Brown

6%
26 h

Dec

14%

10

3%

14%

9%

•

common

Aug

>

•
—10

Sugar

Tobacco

31.

.

A

Atlantic

Cuban

..'17

•

Fence &

Class

Cuban

£1

B

Brown

Nov
Nov

Jan.

Apr

30

800

34

11%

5

4

79%

;: 20

113

Jan

6% Aug

6,500

40

3

15%

25

1

Jan

Sep

;

Sep

15
,

7,500

5%

32%

13

25c

common

%

£1

reg

rets ord

Columbia

Class

Crystal Oil Refining
$6 preferred

Ltd—

Celanese

Amer

British

Nov

Nov

2,300

9'%

Tobacco—

American

dep rects ord bearer—.

Am

44

29%

24%

5

•

"ffc

102

350

'

"

3%

*

A

Drug Co common
convertible preferred

2%

,,

•

American

Dec

146
•.

29% Nov

7%

47/a

32%

•>

International

34%

V.M.

3,200

•

-

Jan

Jan

22%

22%

Brilio

Mfg

Jan

12%

23%

i

Aeronautical

5%:'.

5

*

;

7,600
.:.

Jan

32

50
200

3

70%

Bridgeport

:

39

23%

•

100

common

Traction

:.

39

—25

-

preferred

Brazilian
-

;

preferred—.

2d

$5

110

100

-

Borne

•

;

.

Dec

Jan

8%

'

•

11%

13%

5,200

107

38%

J
*
_1

Co

Milner & Co——

Crowley

Nov

Jan

32%

6%
107

"5%

38%

4%

70

" v.*'.

Nov

6

Jan

2%

16% Aug

.

Jan

■15%

Dec

3,700

"7

1
50

10%

;

Dec

26%

5%

1%

15%

300

Oct

76 %

Jan^

10%

♦1%

725

l't: .c;,„

10%

Jan

35%

,a%

prelerred

Apr

9 Va

,28

Nov

8%

4%

27

116%

106

5%

33%

111

Dec

Jun

43%

,

4%

A

Dec

85

118'%

500

;

35%

26%

25%

Jan
Sep
Dec

*/4

975

23%

10

Dec

3.600

9%

72

21%

:

40

Dec

5%

43 Va Mar

Jan

67%
1

.10

107%

.8%

71%

1,000 '

dep

Brewing

Dec

Nov

23

Jun

—5c

•

Nov

4%

Feb

25

13%

common

•

A
41

Jan

11%

5%
43%

12%

3,700

■J

Oct
Oct

101

Jan

%

116% 116%

_

1
—*

Courtaulds Ltd—

Jan

4%

48/8

*

American

Dec

461%

Jan

A

12%

A

convertible

c%

9%

Jan

4

%

*

Reynolds

&

preferred

71

Dec
Dec

45

34% Mar

1,230

107%

_

receipts (ord reg)—£1
Creole Petroleum
8

56

24%

24%

_•

;

$6

6% Dec
21%. Dec

1%

—*

'

Feb

10%

1,500

650

55%

55%

•

called..—

'

46%

14% July

200

13 %

168

36% Mar

29,800

203/4

13%

common

optional

Conv

4%

20%

common

W)

Mar

50

;

1

1
-

Birasboro Steel Fdy & Mach

Blauner's

I'A

5

39%

Co com—*

-

Blckfords Inc common

••

!'. 39

•

Jan

30

Oct

Aug

3%

100

Coro Inc d

Dec

145

150.
20*

36%

36%

»

common

3% Aug

2,600

165% 168
'

Benson

v

7%

May

4

83

—*

Co

Gold Mines

Cornucopia

3%
8

38%

22%

1

Dec

Sep

Dec

2,300

'

Beck

Nov

17%

1,000

45'%

116%

•

preferred

Range

Oct

81/2

Jan

7,600

8

43

106

Fdy

prior

,

Copper

70%

Jan

6,800

.

39%

40 Va

.18%

10

Oil

Corp..

Cook Paint & Varnish Co

Dec

■

7%

6',/8

7
;

Jan

3%

11%

98% 100

1 •y;

1

Stores.——

& Machine Co
Continental Gas & Electric Co-—

Continental

15%

Jan

>'

28%

100

8

3%

•
100
100
i
8

Co

Textile

Jan

9

400

900

64%

16%

41*

.

1

Co

Dec

3

52,500

Nov

99%

—1

preferred
preferred series C—...

Consol

8

common

Mills

~6% 7i%

8%

Jun

50

'

B

Apr

■

.

—

1st preferred
Brummel

series

16%

Jan

22%

Jan

*

43'.

Aug

10%

800

u

9%

ft

Beau

15%

14%

shares

Barium

> -

15 %

Andes—

los

American

>

Co

Rubber

de

Jan

rl,

1946

to

Consolidated

.prelerred——o.

Baldwin
Banco

'
47o

'

8%

41

Coke Secur common——•

&

Dec

8

351/4

.36

25
1

preferred

Consolidated

47%

46

6%

wariants—

Consol G E L P Bait common
>

Jan

'

Gas

$3

■

'•'v.!".y

B

ft

Public Service
Water Service
Compo Shoe Machinery—
V

1%

275

"7%

100

•

Community

Conn
■,""'■

29,600
400

62

'

*.—23

Community

400

16

Nov

Electric—

&

18'/a

Nov

261%

9

19%

8

—

►

131%

Jan

8

15%

(new)—-

Arms—.

Jan

19%

48%

64%

1

Fire

Gas

9'/4
'

—

Patent

Dec

700

1,150

47%

•

wrnts

18%

Jan

8%

12%

xl8%

•

ordinary—

Iron

1.70C

25%

%

7%

48

100

Co

common

16

12

24

7%

•

1

Corp
Utensil
Co

ft

17V4

15

1

9%

25

Ayrshire Collieries Corp

Fuel

12
25

Range Since January 1
Low
High

High

15%

—-—

Illuminating

Airlines

Colorado

11%

25

Coal

Plow

Loio

15%

1

inc_
Mfg

Development

.Colonial

Nov

12%

.7%

'

'

•
—5

preferred

Colon

Feb

July

7%

Shares

,.1

Lights

Aluminum

10 %

;

.

25%

1

.

'/a

9

1

Machine

4

3

50

ft Sons common——

10%

for Week

*
—10

Co

Lambert

&

58%

11 Va

.

Products

Voting

6%

Clayton

Cleveland

101

1-1

Corp..

Automatic

Va

100

:

Line Co

Automatic

Neon

Oct

15

Apr

Controller

Dec

29%

16% July

£1
—•

warrants

Avery (BPi

City

Feb

__

Co

Fisheries

Plywood

Dec

11

Clinehfield

A

Coast RR

ft

Coast

Jan
Jun

Industries—

& Tel class

Tel

B;rm

Atlantic

3%

7%

Sales

Range
of Prices

Friday

Exchange

Stamping
& Suburban Homes

10 Vo

l

American dep rects reg
Associated Laundries of America

Curb

Auto

900

2.50
Co

City

xllO% 112

112

York

Par

Dec

7%

Jan

16,700

6%

10%

$7 preferred-*

Refining

Electric

7%

3%

3,900

11

6%

10

Equipment Corp__
Oil

6%

Week's

Last

Sale Price

STOCKS

-

New

Range Since January 1
Low
High

High

6%

•'

—

preferred.

Ashland

low

•

common

Arkansas Power ft Light
Aro

'

par

v

DECEMBER 21

for Week
Shares

EXCHANGE

ENDING

Sales

Range
of Prices

Friday

Exchange

Arkansas Natural Gas
6%

Week's

Last

Sale Frice

8TOCH&—

York

New

WEEK

FOR

3097

FINANCIAL CHRONICLE

THE COMMERCIAL &

Number 4449

yolume 162

Jun

27

Nov

July

75

Jan

56

:
;

;

/

1

THE COMMERCIAL & FINANCIAL CHRONICLE

3098

II

NEW YORK CURB

Monday, December 24, 1945

EXCHANGE

RANGE FOR WEEK ENDING DECEMBER 21

Week's

Friday

STOCKS

Range

Shares

Low

Par

Low

:

High
Interstate Power $7

Ford Motor Co Ltd-**
8

Am dep rets oxd reg
Ford Motor of CanadaClass A non-voting—

Class

France—
Amer dep rets bearer.
Fort Pitt Brewing Co.

Jan '

32

Dec

9lA

700

5% Mar

27

27%

900

24% Aug

.1

13%

12%

13%,

1,600

-1

22

21

23

3,700

3oy4

30.

30%

34

36

101.V105

20

common——.!

& Malt

8%

Co—.————1
stock
!

9'%

Low

preferred———•

High

177a Jan
:-2.

27a

274

14,200

26

925

13

13

29

14, ;;

%

700

2%

37a

17%

187b

;27a

42

Jan

19

Jun

27b

Dec

29

Dec

8%

Oct

1474

Dec

l

Jan

4%

6,700

Jan '

Jan

47a Mar

Dec

34

'Jan

Jan

20

Nov

23

Dec

600

10% July
17% Jan

31%

Dec

750

17%

37

Dec

3%

Range Since January 1

High

Low

par

7% May

3% Jan
m
27 Va

Fuller (Geo A)

$3 conv

22 y4

31

Shares

Royalty—
.—.1
Iron Fireman Mfg voting trust ctfs—*
Irving Air Chute—
——
1
Italian Superpower A
*

Dec

.1

Stores

Froedtert Grain

Jan

55%

Jan

105

Jan

131

preferred--1% preferred—
Julian ft Kokenge Co

600
'

207a

Nov

125

11074 11072

."-J.

f

Nov

111

HI

104

120

10774 Mar

111

1087a Mar

Il47a Dec

2174 -Feb

pfd—100
———100
100
*

6 %

1077a 108 74

10874

Jersey Central Pwr & Lt 5%%

29% NOV

20

m

Jan

10872 Nov
Nov

Dec

77

Glass CO-—-————*

Jeannette

—

-191

preferred.

convertible

4%

31

for Week

Investors

Dec

Jan

AM

(Peter) Brewing.
Franklin Co Distilling—
Fox

Franklin

8%

22%

of

Ford Motor

Jan

3,400

29%

30

voting——

B

5%

200

27%

28 Va

3,700'

8 7a

Sales

Ranga
of Prices

York Curb Exchange

Range Slnoe January 1

High

Week's

Llrt

Sale Price

Nsw

for Week

of Prices

Friday

STOCKS

Sales

Last

Sale Price

Exchangs

Curb

York

Haw

4-'-

K
Kansas Gas ft Elee 1%
Co

Kawneer

I' ' '• "•V

preferred—100
—*

———

•

;

.

;

•

1167a

—'

20% X217B

203/i

Feb

121

Nov

400

2Cl%

Dec

25

Dec

400

13

Jan

25

Dec

300

11574

Oct

'

Corp

Garrett

Gacmeau

5%

co

rower

10%

11%

3,100

13%

13%

100

15%

13%

15%

8%

874

9%

10,200
4,500

10%

common.
common.

7% Aug
9Va Jan

NOV

14%

Nov

87%

.1

Jan

92 y4

Jan

15%

Dec

1%

Jan

Inc__—
Ken-Rad Tube & Lamp A—.

Kennedy's

Oct

3%

.109

preferred.

Gellman Mfg Co common.
General Alloys Co.

13

liy4 Nov

2474

67.

6%

674
«

Key Co common——ju
Kidde (Walter)
& Co

14

12 7a

23%

Vv; 250

Amer dep rets ord reg—.
General Finance Corp common.

137s

1474

97b

,137b

97«

.10

preferred series A—

8,600

147a Aug
678 Apr

r

250

874
9%

18% Dec
1474

Oct

974

Dec

2972

Dec

Dec'.

1074

Feb

Warrants

—

V. 1872

Jan

Dec

132

161

18

107%

Oct

1137a

:

—

5%

-

•

■

97a

9

■

Jan

125

57B

174

300

57a

274

1,600

1074

Jan

Jan

678

■-"i.

,

76

;

-

.

77

-" 23
77B

,7.%

.1

9

.1

•V; 2 /;•;

;

10

9
"

Dec

Ho

Nov

Knott Corp common.

-i

86

Dec

43%

Jan

77

Dec

22

Dec

25 V

Dec

800

874.
,

3%

5,700

■

t:

2

17B

;

157a

106

92

Jan

1117b

310

r

Jan

1374

10674

109

,12%

Kobacker Stores new common——1

t

Nov

'

—

u

'

•

21% Nov

Nov

12 V*

3072

A

Kresge Dept Stores—
4% convertible 1st preferred—100

1372,

2,000

.

./

Dec

2374

Dec

147a Mar

:

100

.

32

167a May

30%

■».

Dec \;

27a

Jan'

v

Dec

1072

Apr
18

100

-

A

'

9

Jan

7

MOO

24,200

iV

30

•

*•••

;

Jan

'

v;,/ 30 ;•

(D Emil) Co commons—.
Kleinert (I B) Rubber Co—

5272

50

:f:L

2372

■

Gen Water Gas & Electric common—.1

Oct

1137a Nov

Nov

__

r'AA
'

Klein

Dec

;

■

.1

Klrkland Lake G M Co Ltd.

v

'

L—

Service 06 preferred—*
Rayon Co A stock.
*
General Shareholdings Corp com.—1
$6 convertible preferred——™—*

Dec

26

Apr

'

.1-1

Corp———,—
Kingston
Products—
Kiiby Petroleum.
Seeley

King

Oct

Jan

54

50

1057B 10574

Jan

101

'»./.f-

General Public
General

200

29

2874

General Fireproofing common
*
Gen Gas & Elec $6 preferred B—-•
General Outdoor Adv 6% pfd——100

Oct

167a

874 May

700

.

"
'

1135 7n

'

'•

Kimberly-Clark; Corp—
^
preferred-———-^— .100
.100
Kings Co Lighting 1% pfd B
5% preferred D———— .100

147B

22%

-

—9

r

74% (jo

Gen Electric Co Ltd—

5%

2374

■

32 Va

Dec

Jan

/

147a Nov

874 Aug

"

100

Jan

99

Jan

9

,

Jan

157» Nov

Jan

23

■

1157a 1157a

Geoigia Power $6 preferred——.*
$5 preferred-;
*
Gilbert- (AC) common..——'
Preferred—;

29

30

600

307a
,

,■*

V-■'

-J

—'

..

"

.

7v-''"

■

*

—

•"

,

Co

Gladding McBean Ac Co—
Harvester

Gleaner
Glen

Alden

—•

'

■

217a

Coal

217a

674

Godchaux Sugars
■Class. -B

class A.
:

prior preferred

69

387a

j,

Goldfield

Consolidated

Goodman

Mfg Co

Mines—

247a

177a

Jan

257a

Jan

778

preferred.
Mfg common

i

29
*

—■

—

Feb

4872

Dec

Jan

1472

Dec

27b Nov

47

Jan

39%

Jan

G4

;

1

1874

127a

300

18

1974

4,700

174

27a

28,400

18 7a

237a

4,800

*

2374

,

1,500

12

■

„

3174

Pacific Tea—

37
14

Dec

107a

2472

Apr

174

Dec

1%

8% Aug

Nov

M

113

175

86

Jan

117

137

30

127

Jun

140

42

4674

1,450

3572 Mar

187a

20 7a,

1,100

10% Mar

137a,

400

11374 113%"

,10

4274
■

common—2Bs

13

13

pfd

100

.,

113%

——_—•

•

•

778

Jan

_

'J-'

—U-.;

109

July

8

•L-

Feb

157a

:

„

32%

25

11%

100

22 Va

22%

Mach~.i-——;—5

Monotype

preferred —s.
Oil Development-

22 Va

Corp

B

15:

Lamp Co——:—
Bridge Co Ltd

8%

.10

Paper.
Hartford Electric Light

40

66%

66%

Hartford

Rayon voting trust ctfs—.1
Harvard Brewing Co
i
Hat Corp of America B non-vot com—1

16

Now

Corp

*

;

common———I

Hecla Mining Co—.
Helena. Rubinstein.

Jan

17%

Apr

40%

350

27

Aug

10% Dec
42% Dec

30

53%

Jan

67'%

1%

67

6%

4,000

10%

100

23

25

400

15%

17

2,600

6'/4

16%

3,700

8%

43%

425

Co

—2

16%

—.

16

.100

preferred w .w
Henry Holt & Co common.
Heyden Chemical common.
(R)

110

—1

5%

Hubbell

Jan

8% Nov
127a Dec

Jun

50

Dec

25

Dec

Jan

197s

Dec

Jan

18

Dec

20% Mar

45

Dec

23

18

110
25.

1,000

39

1,400

78

200

13%

14%

23

24

4,300
200

Jan

17

Jan

f 16

Jan

110

.10

39

39%

200

33%

37'A

3,050

—100

Stores Corp
preferred

—1
—100

■

Jan

25

Jan

v-

31%

Jan
14% Jan
Jan

21
41

30%

Jan
Mar

32 y2.

100

25

Oct

Oct

23

Jan

3974
113

''.33-.''

Dec

497a

6,000

13%

2,900

28%

600

1074

45

46%

325

42

16

18%

700

7

9ya

3,000

37s

Jan

9%

Dec

48%

300

28

Mar

48%

Dec

6%

Dec

500

3% May
14% Mar

8%
45

—...

227a

23%

40 %

50

Feb

147s

Dec

33%

Nov

Sep

48

Nov

Jun

20

Aug

77a May
Jan

Oct

25% Dec

Zinc

31%

Imperial Chemical Industries—-' V
Am dep rets regis.
JH
Imperial Oil (Can) coupon.
Registered
Imperial Tobacco of Canada
|
Imperial Tobacco of Great Britain ft
Ireland

69

53

Jan

73

Dec

19

19%

7,200

15

Mar

20

May

27%

2,350

13% Mar

66%

7%

1% preferred-—
—J——100
Insurance Co of North America——10
-

——

——

32%

Oct

77a

200

6% July

137a

if 12%
297e

8

Dec

Jan

15

Jun

12%-Jan

137s

15

Jun

14

900

1174

1274

400

11

297a

Jan

12% July

100

24%

Sep

116

116

10

112y8

Sep

116

Jun

92

94

20

52

Jan

100

Oct

94%

95

30

57

Jan

100

Oct

93

92

96%

85%

Feb

113

Nov

13%

12%

14

1174

Dec

14

Nov

95

;;

7.40Q
22,200

Cigar Machine—*
Hydro Electric-

24%

24%

2574

400

Preferred $3.50 series
—90
International Metal Industries A—*

61%

60

62%

14200

30% Dec

19% Mar

26% Nov

19

Jan

68

Nov

2074

—:

——

International Petroleum

Registered

Feb

28%

Nov

International

Products

International Safety
International

For

19%

20

19 74

.——10

Corp

—

footnotes

20

Razor B—•

Utilities

$3.50 preferred

9%

.

shs—*
—•

coupon

shares

see

com—19.50
—.

page




3101.

11%

~5%

3074

Oct

10%

8,600

37a

16%

Dec

Jan

11%

12%.,.22,400

38

1127» 11274

3872

1097a

60
200

38

■

Co

Corp

37a

Dec
Dec

111

99

Dec

12%

Dec

1147a

Oct

Jun

41%

Jan

32

»

Oct

Metal

.

47a

40 y8

39%

52%

5274

Jan

26

9,100

187a

Sep

22

*

44

16%

—8

187a

Oct

500

4%

Dec

1474

Dec

94

Dec

227s

Nov

254

13

Jan

254

Jan

22%

Dec

9

97a

600

372

Apr

97a

Dec

10972 1097a

25

Jan

110%

Dec

"674

4%

6,700
250

7

67b

100

37b

6,900

117a

10

10

37a

1,600

"5

874

22,100

17a

Jan

900

8%

Jan

15

237a

4,400

127/a

Jan

26

20

1,500

15% Aug :;

*

20

19

.4%

37b

Montana Dakota

Montgomery

i"

■Vt

357a

100

26

36

Nov

39
7%

175

2872

Jan

427a

Nov

4,300

2%

Feb

'' ,87B

Dec

900

872

Jan

13

Jan

37

Jan

7

'

;

6

~6

7,600

267b

1,000

14

77
.87a

100

46

75

77b

87a

1872

20

;97a
'

21

47a

193

193

.

.20.

Mountain

States

974
4 7a

9

2974

Power common-

Dec

'

5

Oct
Oct

13

Dec

Feb

194

J 8%

Mar

,22

38%

Jan

,48

Nov

.10% Nov

179

107a
474
10

9,000
4,600
150

8

10,200

30

r

1%" Jan
,

674

Jan

24% Feb

Apr
-

5%

10%
30

14672

•

20

1467a

Dec
Dec

July
Dec

129

May

Jan

29

Jan

20%

Dec

Jan

177a

Feb

18%

207t

900

137b

15

1874

16

300

10

40%
52%

2,100

8V2 July
2V4 Jan

13

Jan

Nov

6%

Dec

Dec

700
,

23

Jan

40 Va

250

5172

Jan

537a Mar

N
———•
National Bellas Hess common———1
National Breweries, common
——*
7% preferred
:
;
23

Nachman

19%

Corp

5%

5%

6 Vb

22,000

397a

.39%

10

Jan

274

Jan

27

,

Dec

,18

145

145

.

'•

50

*

*2%

21

:

Dec

450

,120

47

:

472

;

20 Va

46

107a

97a. Aug:

3,000

Dec
Nov

9%

Feb

3

900

117b

: 477a

33% NOV
:: 1774 NOV

27b Jan
10 74 Feb

47b
.

87b Dec
.

Jan

9% Apr

11 7b

4%

Dec

107

3,700
30,000
7,200

16

87b

,

Dec

Dec

Sep

.

13

400

33%

'

147a

15

1174

.

Dec

V 81

Jan
Dec

Dec

277a

.

Aug

43

700

104

31

* Aug

.

174

*

9%

-100

37a

7,400

47

45

45

97a

Mar

27

257s
75

:

.

1074 Aug

"5%

574

-10

—

227b Dec
187a Dec

21,300
225

II

177a

11%./1274

-.50

Tel & Tel_.
Mfg Co
Muskegon Piston Ring
■—^
Muskogee Co common—

Jan

22

387a

Producers

Mountain States

5

27a Aug

2,900

Nov
Nov

May
Feb

.

35

Mountain City Copper common

Murray Ohio

23

1674

20.

Moody Investors partio pfd——
IOC
Morris Plan Corp of America——

674 Dec

207a

21%

.193

Ward A—.—1——1—.

Montreal Light Heat & Power-

Nov

197s Nov

87a Mar

650

57s

21%

*

Utilities pew com. —5

97b

167a

217s

__1

A—Li-——,

Jan

Dec
Dec

60

147a

157a
13%-

4

127a

•

Jan
Jan

3

1,000

Dec

r% Nov

Jan

45

AQ

preferred—--—. ~io

Dec

Jan

'; •

conv

Dec

13%

$2 non-cura dividend shares—.—.*
Mid^ale Co common—-——.

Till
Molybdenum Corp———:
Monogram Pictures common——.-.

Dec

300

Jan

144

91

974
254

4%

.

18 74

Jan

2,300

—

Wohl Co common——™
-50
; 5%
conv
preferred————
Mining Corp of Canada—.
Minnesota Mining ft. Mfg———
Minnesota P & L 5% pfd——— -100
-Missouri Public Servl"e common—

Oct

1274

200

46

227a

—

-50

Jan

367a Mar

150

2,000

..8%

^ 9'/a
.

Mar

.

21

235

•

21%-.

——.—100
—————1
25e

i

7

1,300

21% Mar

12i/4
5%

Jail

289

280

13% July"

I

17

.167a

1285
.97a

•

common—v—

1872
44%;

17%

Feb

77a Mar

Midland Steel Products—

5% %

Oct

6%

6,600

94

*

Co..

Monroe Loan Society

40

87* Jan

1/200
:

pfd— .100

Miller

Jan

2,100

472
137a

4

Mar

800

137S

374

13%

Abrasive—--.
Oil Co—-—.

Mar

Dec

20 7b
20

12 7b

12%

*

———10
Micromatic Hone Corp—
——1
Middle States Petroleum class A vt c-1
Class B v t c—.—-————A
Middle West Corp commons———8
Midland Oil Corp $2, conv preferred—*

Midwest

18

5% Aug

preferred———19
Michigan Bumper Corp—
1
Michigan Steel Tube—.
2.50

Mid-West

Nov

Mar

33

Chapman ft Scott——_—*

Preferred

Dec

205

.Jan

17

£1

common.;————.

Michigan Sugar Co

41 > '2

Jan

104

Participating

;

1474

1,600

;

;

Ltd

Textile Corp__.

8% Nov

27a Mar

1,700

4172

: 39

—•
*.
*

common———

Stores

8/.V

7%

778

39

Mountain

International Minerals and Chemicals-

Warrants

Oct

18% Jan

100

1672

.2%

11%

/

—£1

International

34% Dec

26

Li-

Indianapolis P ft L 5Vt% preferred-100
Indiana Service 6% preferred——100

Rights w i„—

147a Jan

2,600
1,700

19%

.90

' \

Co

International

33

26%

5% conv preferred
arrear ctfs.

Dividend

Illinois

257a

Sep

Piping & Cupplj'——
Ti
Mid-West Refineries.
32

Dec

Mar

85
July
8074 Aug
7 ,
Aug

Midwest
Illinois Power Co common.

177a

525

A preferredMessabi Iron Co

.

Dec

28

Hygrade Food Products.

Jan

1,175

6 72 %

Nov

12%

Securities

274

11,300

204,400

', Warrants

Jan

40

106%

48%

Electric

Dec

Apr

9574

Merritt

Oct

28

Hydro

Dec

267a
30%

11074

Memphis Natural Gas common

May

12%

—

Dec

Jan

94

Mercantile

Oct

130

49%

8%

Nov

25

Feb

•

106

Mead Johnson ft

Dec

Mar

May

Hussmann

18%

17%

28

3 /

■

$2.50 preferred McWilliams Dredging--.

147s Nov
26% Oct

9%

Humble Oil ft Refining —
Hummel-Ross Fibre Corp

Ligonier Co
$2.25 preferred—;—
Com stk purch warrants.
Huyler's common.
1st preferred

Nov

4

467a

Feb

14

94

McCord

78% Dec

104

(Harvey) Inc.

13 7«

106

McColl-Frontenac Oil Co 6%

39% Nov

Jan

110
35

1,400

40

Oct

preferred A ctfs of dep
preferred B ctfs of dep—.
Louisiana Land. Ac ExplorationLouisiana Power ft Light $6 pfd.

Massey Harris

Dec

5%
19%
33

37

39%

1,700

2672

16

16%

Mass Utilities Association v t 0———1

Dec

124

«

,—_—*■

25

2772

.9

—:

—

common
—

Feb

31

24

Marion Steam Shovel

Dec

14

& Co

Sep

28%

1%

Communication

Nov

103 i/a

290

Inc

(Geo A)

174

800

;

Class

Marconi Internat Marine

Nov

11

700

37%

14%

preferred

5%%

25

16

77%

Horn & Hardart Baking Co
Horn & Hardart common—
Howard

110

38%

Hollinger Consolidated G MHolophane Co common
Hormel

Xl4%

ft Co Class A.

Herder's

Nov

14%

5%%

Hoe

8

29%

42%

common—.

320

21,500

—

Manat! Sugar optional warrants.
Mangel Stores common
u
$5 convertible preferred^—
Manischewitz (The B) Co
Mapes Consolidated Mfg Co—i

Nov

7

Class A.
Heller

Jan,

37» May

16%

Oct

Lynch Corp common—

Dec

9%
6

10%

15%

Dec
Dec

80

6%

;

Dec

1,300

6%

:

•—

22%
11 Ye

•

3%
43

14

17%

—

Long Island Lighting Co—
Common ctfs of dep.

Nov

1,400

•

'

'

—

common

Hearn Dept Stores

4

27%

Inc 6% preferred—29
*

Lone Star Gas Corp common.

1147a Mar

9%

—

Hazeltine

Dec

Mar
Mar

22 7a

48

M
15

9%

Hammermill

Dec

30

23.

H
Hall

Hamilton

Nov

Jan

67» Mar

200

.

41

23:

Locke Steel Chain

Feb

Dee

34
12 7a

257a

3774

.3%

37a

.

1

——

Groceterias

24%

3672

*
-28

—

Inc

Dec

1374 Mar

727a

24

<R G)

Dec

14 7b

72Vi

....

May

972

Jan

1,300

97a

9

1

•

Material Co

Class

kov

13

32-72

Loblaw

Dec

'

Gulf State Utilities $4.40

Gypsum Lime & Aiabastlne

1,000

a.

Lit Brothers common-

477a Dec

/ '247i

.

207a

common

Lipton (Thos J)

Oct

112

1874

Line

Dec

•137

20%

Lionel

Dec

X24

1178

6%

Prior

Aug

52

3% Jan

2,100

Le Tourneau

*
■

1!3

.100

Great Northern PaperGreenfield Tap ft Die—

Stores Products

•f1 ■iL,

29

2,400

Leonard

Dec.

227» May
77b Mar

1•

■

—

3074

rl%

—

(Cal)—.

Non-voting common stock
7%
1st preferred-

Grocery

Jan

774

9 74

127a

Lefcourt Realty common
Convertible preferred——

'

pfd

conv

Grand Rapids Varnish-

&

%
3974
'.

.7,700

872
11%

Lanston

July
July

..

•

1

10

—

Graham-Paige Motors $5

Great Atlantic

47

157a

22%

878

21%

Lake Shore Mines Ltd.

Langendorf United Bakeries class A—*

7174 May
106

330
.

'■

•

.

Jan
Jun

38,700

487a
—Xi' ■"

Jan

13
103

'

Gorham

Grayson Shops

2

48
;'

——

.4874

L-

'

207a

300

,

.

11%

Dec

800

,
-1

1374

Lane Wells Co

V

Des

,

;

1374

•

;

Lakey Foundry ft Machine.
Lamson Corp of Delaware:

Dec

372

125

41
'■

174

174
48

Gorham Inc class A

Gray Mfg Co
Rights w i

'•'''"■a—.

——

\

Nov

1

Co

!

Dec

32

May

177b July

"

$4.50

Dec

2174

Brewing

Dec

5374

5,500

77a,

Krueger

35

9,600

237z

674
68

Jan

2,000

22%

207a

23

Corp—

150

32

Jan

18

"

.

32

;r-;

Gobel (Adolf) Inc common

$3

'

——

110

15

^

'

'

*

Dec

5272 May
1274 Jan

-

....

■

'

Gilchrist

Jan

117

1097a May

50

Dec

774 Nov
Dec

33% May

43

397a Mar

397b Mar

..

Volume

Number

162

EXCHANGE

NEW YORK CURB
RANGE FOR

STOCKS

York

New

Curb

;

•i.-

of Frices

National Candy Co common
National City Lines common
National Fuel Gas

8 Va
213/8

21'A

23

14%

15

12,600

:

22

1

38 %.

Rubber
Steel

39

*

17 Va

19 Va

National Tunnel Si. Mines

Jan

25

15 %

Feb

23'4

Dec

6%

preferred

Jan

39

Dec

Quebec

Power

14%

14.%

800

.

Jan

20%

334

4*4

13,300

1%

7%

8%

12,700

5

Jun

8 3/4

May

106%

120

1093/a 109%

100

preferred

113

Aug

25

Nov

23

Dec

I

15% Nov

Nov

Nestle Le Mur Co
New

England

6%

class A

New

Haven

20%

900

8%

>

Jan

12%

12%

12 V4'

200

7Va

Jan

100

30%

Tel

& Tel

100

130

130%

130

■j

6

Jan

13

Dec )

63

Jan

92

Dec

50

21 %

Jan

303/4 Nov I: /

"110%

Feb

136

Nov

14%

Jan

39

Dec

975

11% :
92

29

:>v-

.

*

100

10%
90

•

May

150

10%
92

•

Power Associates

England

1,000

19

•

;

preferred

New

20%

19%

8

preferred

82

9

19

•

Corp
Neptune Meter class A

2,250
■'

f

:

'"i

'

New

Clock

Idea Inc

Co__

•

.

New

Mexico

&

Process Co

31

70%

71 /-vi

_1

35

72

1,300

7%

28
Land

Arizona

'

30%

•

common

New Jersey Zinc

New

35

.

8

2,600

7%

common—

—

.

t-\

Y

Auction

N

Y

City Omnibus

N

Y

&

N

Y

N

Co

31

75 Va

40

Honduras

Y

Y

N

48

Mar

x5

300

'

warrants

'

Rosar»o

_10

60

-10

60%

!

'

200

Mar

Richmond

Y

Electric & Gas

State

Water

5%

2d

Share

% 'Ho-

_10

common

.100

.100

Jan

16 ya

Dac

"'63%

Dec

Rome

31%

Dec

Ronson

Jan

114

:

63%

Nov

90

3%

Jan

9

2,650

Jan

119

■Jan

114

2 Va

18%
i

18 Va

v

Jan

400

i'V-f 6% Mar

109

':

•"* V

2,100

11 Va

11%

—8

109

100

19%

6,600

'/-X

3%

3S«

89'/a
82

20

Electric

29%

North Amer Light
$6

& Power

6%

B

144

Rayon class A

North

American

Utility

Central

Northern

Oil

-

•

Dec

?•

Dec

RR

Penn

1

Indiana Pub Serv 5% pfd— 100
_20
Northern Natural Gas
States

Dec

203/4

"■

153/4
4

x30

Jan

Oct

9%

Mar

Salt

Ohio Power 4%%
Ohio

Public

6%

.

Dec

Dec

i

Savoy

Oil

51%

Sep

56

Mar

■J

Schiff

Co

l'/4

100

9

Jan

5%

9%

:

Jan

9%

--

110 Va

46

45%

1234

11 Va Mar

3,000

Samson

Jan

110%

343/4 May
143/4 Mar

47%

Dec

50

Dec

47%

1,200

50

5,500

13%

6,700

6 3,8

Aug

38

28%

400

26 Vs

Jan

"

•

Natural

Jun

!

Dec

1
j■

'■i

"■i-

116

r

'11534

40

Nov

•

6

1

Overseas

Securities—

1

Xl7 W

193/4

2,300

xl3%

400

:

37

Jan

Nov
Nov

117%

Oct

634 Aug
10 Va Jan

'

Xl7%

7%

Apr

HOVa July
29 V8 Jan

13

common

Omar Inc

43/a

112 Va Aug

20

50

110% lUVa

1193/4
117

Jan

Sep
Nov

44%
:;'15

Dec
Dec

11%

Oct

24'4

Nov

14%

:

Nov

Can

Co

Steel

Pacific Gas & Elec 6%
5 % %

1st

13

1st pfd

_28

preferred

Pacific

Public

$1.30

1st

Jioo

Paramount

Tubes

Motors

Parker Pen

•

13

Telephone

Power

&

Light

Dec

27

Dec

29

Oct

14

27,100

5'4 July

15 %

14
16 Va

19,500

Jan

loVe July

50

8%
8%

Jan'

20

71 Va

800

3334

Jan

75

27

800

18'4

Jan

27%

Jan

65

"1

Dec

Nov
Nov

.

*

Decs

$7

com

pfdl*
•

-

preferred

Dec

27

Dec

234

Jan

7%

Dec

6% Mar

11%

Dec

6%

6% '

Co

Electric

18%

Jan

;/• 25

17%

Nov
Mar

23

Dec

10 %

9,000

6% Aug

12

.Dec

8%

1,100

5

6%

7

2,500

3 % Mar

8

10%

Va

£

8%

3,400

78

79 Va

.'500

49 V4

49 '4

49 7/a

1,000

49

49

Dec:

Southwest

Jun

Southern

9%

Dec

•5%

57 ■!

Jan

46

V4

Sep

533/4

Sep

Southern

34 %

50

Jan

50

Dec

Southern

82%

18

17

.•

I23

pfd

18%,

14%

15

31

31 Va

•

Am

Va

31 Va

,

•

500

/

5%

"53/8

"6

8%

,

11

Jan

30

Jan

200

16%
28 Va

8 y4

Nov

18%
16 'A

33

Dec
Nov

Spalding

Nov

Spencer Shoe Corp
Stahl-Meyer
Inc—

J

;

_

2

.

RR

13 Va

£13 Va

;/•

4,000

50

16 %

~VA

"*7

•

"*7%

■

42%

42%

Dec

Aug

20

Nov

Standard

4

Jan

7 Va

Nov

3%

Apr

8%

Dec

110

;

169

14%

x8%

2,200

43
74

73%; 75

1.090

27

1,050

<,

Jan
Feb

64%

Jan

15%
46

-78 %

Oct

Standard Dredging

Nov

$1.60 convertible

Nov

Metallurgical
Pittsburgh Plate Glass—
Pleasant Valley Wine Co
Plough Inc common
Scale

Pneumatic

Polaris Mining
St

—10
—23

28 34

159% 160'/a

1

5%

6%

600

14% Mar

Oct

Jan

160%

4

Jan

73/8

Nov

Jan

30

Dec

preferred

Standard

10%

Jan

4%

Oct

8

-25a

5

Standard Silver Lead

7Va

Va

22

24 Va

50

"16%

Jan

8%

12,800

3%

Jan

2,700

12 Va

Jan

25

Jan

12%

Dec

Steel Co of Canada

96%

.24
8

233/4

Nov

96'4

Nov

Stein

25

24%
8%

100

—xj_,

Dec

Standard

Oct

Starrett

Gold

Prentice-Hall

Co—

Mining—.
Inc

Metals

Corp

.common

of

of

;

-

_1
•

Nevada

]

Prosperity Co class B
of

,

17%

*
1
-8
25

25

25

25%

250

Jan

27

4%

10,600

28 34

2,550

3%

3%

2% / 2Va

31

30,100

Jan

1-^ Jan

46

Dec

2}& Nov

27

26

97%

97% x9834

25%

25

80 Va

Dec

Sterling Aluminum Products

17 %

Dec

Sterling Brewers Inc

3

Nov

Sterling

14 Va

15 Va

%
10 %

400

Jan

Apr

16%

Dec

8V2 May

10%

Nov

21,700

1

1%

1st preferred

-100

106%
112

112

112

40

Nov

112

110

Nov

118 %

May

10

$5 prior

preferred
Pulp & Timber
Pyle-NaMonal Co common

see

-

10

3101-




153/4

15%

16

6,300

108'4x109

•
■

8

„

page

Engine

Sterling

(J B)

325

22%
21 Va

23 Va

21

23

15 Va

16

Va

300

1,175
900

14%
105

16%

(Hugo)

Stroock

common

Corp

93/8

17%

Jun

Sun

110 'A

Jan

Superior

Jan

25 Va

Nov

Common

23 Va

Dec,

Class

17%

NOV

Ray Drug

Swan

Co

Portland
A

Finch

Cement,

——;

4%

$2.50
Oil

pfd_X
Corn

i

Nov

15'A

Nov

103

Nov

Apr,

29%

Nov

10%
4%

Dec

U Jan
5% Mar

11%

Dec

18%

Dec

6% Aug

100

15

15%

100

Jan

10,400

103/4

300

•

.,'

10%

3'4

Jan

Dec

9%

Jan

Nov

83/4

3,000

.'19%

.1,900

153/8

Apr

300

102%

Jan

150

110

Dec

11634 July

20%

Jan

; 2534 Oct

20 %

Apr

8

8%

18 3/4

19%

1303/4 133

111%

110

111

20%'

19 %

193/4

6%

7%'

6%

2034

Nov
Nov

143

Nov

27

23'/a Dec

12% Mar

1,925

...

Nov

48

110

;

20%,

11

11 Va

Dec

7V4

4,200

12 %

534

11,800

2 34

Jan

13 >4

1,900

73/4

Jan

32

2,7002,500

55 Va

/

27

11%

Dec

Jan

57

Dec

38

I- 41%
305/a

800

30% x31

Jan

30 %

Jan

200

31%

31%

315/a

'*Dec

Jan

42%

50

32

Nov

15
'

May

4

"

10 %

834

53%

Dec

6„,.

Jan

5%

2934 Mar

,

49

Sep
:

32%

Oct
Nov

31'4 Nov

134%
12%

12%

143/4

15%

Jan

152

Nov

8

Aug

15

Nov

Jan

13

Sep

15%

Dec

200

12

12

15%

:

■

9%

100

11% Aug

'3,100

x51%

~9%

10%

10 3/4

73/4

i-? 2%

2%

;

Apr

5

Jan

2,700

4% May

200

8

3%
41

38

39

5%

57/a

25 //

25

26

,

25

24Va

V*

250

3%

Dec

46 %

Nov

46 %

Nov

Jan

6%

Jan

27

Sep

18 Va

Jan

26%

Dec

^ Jan
■k Jan

;

27,500

3%

1,100

144%"

Dec

21

2,400

33/4

3

143

Oct
Nov

Jan

334

1,100

26

3

3%

Va

Dec

1234
10

Mar

17

2,400

6

83

I* Jan

4,600

2734

4

Nov

3%

Nov

Jan

170

105

90

19%

Nov

Dec

19%

17%

19%

3,400

11 Va

1%

1%

1%

32,700

%

Jan

2

Nov

6%

7

8,500

2%

Jan

7

Dec

7

8

2,300

33/a

Jan

20

7
>

77/a

70%

71

28%

28%

27%

29

100

|

61

Jan

Jan

16 Va Mar

9 Va
71
29

Oct
Dec
Dec

•17%.

~9
73/a

■

18%

300

9

9%

500

7

7%

4,900

29

Dec

Mar

55

Dec

15

1,300

Apr

53

28

Apr

19

Dec

11%

Jan

21%

NOV

10%

4% May

6%
33/4

10

Dec

Oct

9%

Nov

Feb

14%

Nov

Jan

24

Dec

13%

2,700

21%

975

3%

3%

700

31%

34%

3,050

30

30

100

29

800

1974

Jan

31%

Dec

27%

600

14%

Jan

28

Dec

45

Apr

57

Sep

Sep

18

Dec

12%
20

20

26%

25

*

26%

2534

1!

Dec

2234

Jan

12%

9%

Apr

2534

5%

55%

Dec

113

Feb

10 5/a

5,800

12

7%

'4% Jan

12%

10

—50

Dec

Jun

19% July

25

25

18%

8

370

110

10
~

19%

Apr

700

7%.

1103/4 110%
25

Jan

3

267 Va Mar

4,900

360

347

347

%

Inc—
—

Dec

1434

2,000

3%

83/4

4%

•
1

Machinery

Sep

13'4 Aug

Co

(S) & Co common

Jan

13 V4 Mar

Co

29

Jan

oct
Oct

4%

Jan

82% Mar

1,100

103/4

8%

100
•

1
1
1
•
8
*

Inc

Stetson

Sullivan

Common

Puget Sound

12

500

26%

Jun

Puget Sound Power & Light—

footnotes

preferred.

Jan
Mar

-100

For

2d

51
12

Stlnnes

14 Va

1st preferred

Manufacturing1.

5%

50

1,900

2Va

1%

Dec

;> 32

1
60
20
1

1st preferred

15 Va

2 Va-

19

83%

•

common

80 Va

Colorado—

6%

Pyrene

•6%

Stores

Bros

15''
-2%

:

'

—•

x

& Co common

(A)

Nov

7%

Jan

trust ctfs—1

80

*

Gas

Public Service

2 At

_1

America

150

4434

•

_

B

class

Tube

(The) Corp voting

8% May
28

9%

25

•

Dec

Sterchi
& Lambert

3,200

2,000

1
1
—1

Co

Dec

1,000

16%

3

Products

Dec

21

1,130

153/4

^

6%

Co—

Alexander——

*

Providence

(Ky)

169

16

2.78
-1
10
Corp common
.-1
preferred—.——20
10
Light
1

Common class B

Aug

Jan

20

7
25 '

25%

Dec

13 Vi

—10

30

117

1,100

.7.50

common

•

Power Corp of Canada

Producers

Oil

Standard

Standard Power &

Pittsburgh

Dec

88 Va

xl8%
734

46

116

169

146

Dec

Nov

34% Mar

500

Oct

136

•

Co

Brewing

Jan

/

Dec

8 3/4

Jan

70 Va

.

49

Jan

Jan

Standard Cap & Seal common
Convertible preferred

.-4,500

25

44%

Sep

3Va

27,900

120

120

Jan

10,400

8Va

2%
22

—^

373/4

Dec

4,500

4%

Nov

50

pfd

73/8 Jan
2534 Apr

700

__50

Pittsburgh Si Lake Erie

Premier

& Bros

(A G)

Dec

4%

10 3/8

3%

2

10
--*?

Pipe Line———
Southland Royalty Co

11%

9

33/4

Ne\y England Telephone—100
Phosphate Co
1»

18

Shs

;

153/4
26%

Jan

300

/

;27>y:

llVi

6,000

5'% Mar

53/4

25

28
20
-28

preferred

original

preferred B
5%% .preferred series C

Jan

40,800

200

-l

Line
Edison—

Pipe

Pa

California

Dec

10 s/8

30,400

10%

27,600

-1

common

Nov

Aug

11%

834

6%

Oil

Southern
1

Pitney-Bowes Inc
Si L

Corp

Penn

Jan

common—.

Ltd

Coast

South

Nov

12

Jan

16%

5%

1

CO—

10%
37

2%

2,550

103/a
•

7%

Manufacturing common

South

Nov

3

73/4

79 Va

Co

Johnson

Boss

Nov

112% July

Dec

6

tJ

52%
115%

Jan

7%

Jan

7,000

9

33%

31%

—

Corp

84

Sep

7%

■

9

Sep

9%

—■}

Manufacturing

Mar

10

11

5% Mar

9

—1
100

Co—

Mar

Jan

193/4 Mar

734

32%

•

common

Pattern

Aircraft

V- 25

109 %

•

common

Governor

Pressed

of Canada
Ltd

Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec 1% pfd
Smith
(Howard) Paper Mills—:

81%

•

Pioneer Gold Mines Ltd
Piper Aircraft Corp com

Pratt

common

Singer

Solar

Jan

Dec

1,300

18%

~9 %

10

preferred

convertible

$3

Sonotone

'

Dec

43%

36%

Simmons-Boardman Publications—
Simplicity

Jan

1 %

20%

18%

common

Dec

common—Illio

new

Power 5%

Packing

1st

Co

Silex

Nov

107Va

o~^r.

Pharls Tire Si Rubber

6%

Breweries

87/a

78

Feb

34%

35

5
-•
-25
100
•

preferred

4%

31%

1,400

,

18%

1
1
1
1
"

Mining
& Power

Denn

Sherwin-Williams

Jan

9

1,606

-

Seton Leather common

Dec

47

~7%

300

7

10%

934

1
,

Saiety Control
Serrick Corp class B

5Vi

•

Co

Philadelphia Co

8134

"734

48%

Jun

25%

Jan

1
—*

—

Bentry

28 Va

•

19%

Aug

Nov

_•

;

& Power Co

Mfg

Perxect Circle

Mar

Dec

Jun

12%

•

Sentinel Radio Corp common

,50

'•

22

16 %

*

Inc

B)

(R

Semler

22,600

28 Va

•
A

Traffic Co
Water

8

8%

May

Jan

200

1
1

Allotment certificates

8Va

28 Va

l

,

Penn

Powdrell

11%

Jan

Sep

/

40

I_23

preferred

Penn

Pitts Bess

Jan

•

common—

A

preferred

Pinchin

7

Aug

109

12

800

5

i

prior stock

$5.50

Sherwin-Williams

115 %

105% Aug

25%

50

Selby Shoe Co__
Selected Industries Inc common—.;
Convertible stock

Sick's

26

71 Va

Dec

2% Nov

6-3/4

Lock & Hardware

Dec

68

—

10 Va

Jan

7%

General

Nov

12 34
16 Va

1

Jan

34

160

9

Bros Inc_

38 %

12%

„

3%

243/4

1

common

109 %

Sep

'

Mills

Gas & Elec class

Pierce

Jan

107'/a

200

3,900

18,700

25%

8
•

Solar

$2.80 series

Pmllips

20

Dec

44

/Jan

36

44%

1

I"

Pennsylvania Edison Co $5 series

Pbila

114% 114%
xll%
11%

12%
._10

preferred

Pepperell

Dec

38

25

Corp

& Reel

Plymouth

Peninsular

$6

200

common-

Pennroad Corp common

Penn

400

38 %

Va

x2234

new

Co

Parkersburg Rig

Pcdh

IZwI

Service

Airways warrants
Pantepec Oil of Venezuela Am sha_,

$1.40

44

38%

13

104 Va July

American

Patcliogue

43

preferred

Page-Hersey
Pan

43

—25

Pacific Lighting $5 preferred
Pacific Power & Light 1% pfd

Dec

-2%

Shawinigfin Water

Y:

5%

20

—

Co

Securities Corp

Shattuck

common

Jan

650

'•

P
Pacific

Dec
Dec

3/4

21%

•

preferred

$6

Bcullin

15% Nov

f 22% 'Jan
■

100
Gas

125

ICO

United Filters B

Oliver

116

1

6,400

" "35 Vk-

35

35

6%

45 '4

24

10

Seiberling Rubber common
6 Va

Jan

5

1
25
Scovill Manufacturing-.—
25
Scranton Elec $6 pfd
*
Bcrantan Spring Brook Water Service—

Segal

6V4

19

19 %

(D A) common
Convertible preferred

Dec

Nov

105

1234

•C

25%

Apr

106 %

50

Dec

31 Va

105% 106%
20

Schulte

Nov

9934

.

Dec

Jan

8
—

common

22%

30

x31

Aug

14 %

£1

Co

110

100

1st pfd

7%

1st preferred

Oklahoma

105 %

*

—

Paper common—.
Oil Co_
United Corp common

Nov

46%

*

common

preferred

Service

6% pfd D—100

Dome

50

110%

4
B

2%

prtl—

513/4

v:.-

•/

—

Ogden Corp common
class

834

2%

1

conv

148

47%

-

Regis

St

$2

A

Class

Dec

o
Co

8

2%

Corp Ltd

St Lawrence

-

Dec

Seeman

Brass

8%

22

#

Feb

21%
'xx': .':

•

59% Nov

Apr

Dec

X

Dec

Jan

—1

Northrop Aircraft Inc
No*adel-Agene Corp

Ohio

1
1

Dec.;/

4'V

•

121

•

Nov

...

353/,

_25

class A

Power

4%

Russeks Fifth Ave

36%

tv#

21%

_50

Co

Northern

Northern

4

Aeronautical Co
Ryan Consolidated Petroleum—
Ryerson & Haynes common

•

Airlines

Northeast

North

y4

Ryan

Nov

Jan

1%

300

Feb

40

.17% Aug

11,000

2,600
10,200

Electric Steel Co

GOO

8%

28%

42%

Royalite Oil Co Ltu

300

8

-8

Nov

13

■'' •>"

1

600

41

convertible preferred——

50

;

Securities-

Texas

2 %

193/s Mar

100

25%

26%

4

4%
42 Va

52

1,100

Jan

29 % July
22 Va Jan

400

33V4
38

33/4

8

49,%

:.

IVa

43/a

31

3634

42

Co

Petroleum

49%

-50

prior preferred

146

Dec

300

Works

49%

;

49%

common

Dec

23 34

4,375

common

Corp

Art Metal

Rotary

Dec

1

«.

American

Class

Jan

2

8,300
13,600

9

8

8%

common

preferred

North

28% x30

8%

Jan

Ltd—

Cable

$1.20

%

May
%

110

123A Mar

■

9,400
•

Noma

,

Dec

133/4

,

—

37/a

Jan

153/4

3034

dep rets for ord reg

Root

Feb

180

.-

■

•'* 114

109

III

B

Mines

110

36,900

1%

v

340

21% May

117%

116

;

•'v.-H

4?

1 Va

900

31 Va

Pendleton Inc

Rolls Royce
Am

9»4

82

117 Va
•

i

37,400

28

Gas Co v t c

Rochester Gas & Elec
,

J*i

22

14% Aug
106% July

200

; 110

8Va

.100
•

Nineteen Hundred Corp

19

80

lis

com_.

Niles-Bement-Pond

Nipissing

108

'v9v//':

2

Corp class B
pfd^.i
-

conv

;

100

pfd—

Power

preferred..
optional warrants

B

Niagara

6%

$5.10 pfd. 100

preferred

1st

5%

Class

Service

Hudson

18 34

:

—

7%
23 >4

30

Radiator

Rio Grande Valley

Jun

11%

ft 30Vo Apr

—

7 Va

29

Roosevelt Field Inc
__1

shares

Dec

21%

31

warrants

'i

Shipbuilding Corp—

Niagara

4

10

Dec

15

Dec

Jan

63

•.

10

Dec

168

Jan

7%

—

Oil Corp.

Richfield

Oct

■8%

:<

Dec

Mar

2% Mar

20%

900

12

A:'l' '■$

,

Merchandise

Founders
N

common

107

Jan

21%

10
Railway & Utility Investment A
1
Rath Packing Co. common10
Raymond Concrete Pile common
•
^ convertible preferred
*
Raytheon Manulicturing common—50o
Reed Roller Bit Do
•
Reliance Electric & Engineering
fl
Rice Stix Dry Goods
*
common

Roeser &
N

Jan

& Light Securities

Railway

'

Nelson' (Herman)

76%
156
13

.100

Co—.

Radlo-Kelth-Orpheum option warrant!.

Nov

'Voting

Nebraska Power 7%

400

110

High

Jun

1534 July
4% Dec

Apr

73/a

30o

106

Low

Dec

19 Va

102

Quaker Oats common.

Dec

11 Va

11

2,300

4

1

common

Radio

1414

14'A

102

167% 168

Ranr* Blnoe January 1

High

V* Dec

Jan

8%

16 Va Jan

12.50

Union

15 4.

'

Ltd____„

National Transit

National

i

(

Low

Nov

400

Machinery

Car

35

700

20

Shares

Par

11

2,000

14 %

for Week

High

19% Aug

250

•

_1

—

National

Range Blnee January 1
Low

3 4 %■

33

Sales

Range
ef Prices

Friday

Exchang*

Curb

York

New

Hiah

90c
i

,

National Mfg & Stores common
National Refining common
National

Shares

Low

"Par

.

.

for Week

Week's

Last

Bale Priee

Sales

Range

East

Sale Prloe
»

.

DECEMBER 21

WEEK ENDING

STOCKS

Week's

Friday

;

Exchange

3099

FINANCIAL CHRONICLE

THE COMMERCIAL &

4449

14

Jan

4%

12

Jan

34%

233A

Jan

1 Va

10

33

Dec

Dec

Nov

•v

THE COMMERCIAL & FINANCIAL CHRONICLE

a 100

NEW YORK CURB
RANGE

Last

Range

Shares

EXCHANGE

ENDING

DECEMBER

for Week

of Prices

WEEK

21

Sales

Sale Price

Exchanga

•New* York: Curb

Week's

Friday

STOCKS

FOR

-

Low

Par

STOCKS

Low

High

Friday
Last

Week's
Range

for Week

Sale Price

York

New

of Prices

Shares

...

Curb. Exchange

/

January 1

Range Since

.

Monday, December 24, 1945

.

Par

High

Low

Blckford's Inc

Taggart

Texas

Power

Co

Aug

30

Sep

122

115%

Boston

Dec

Edison

M-S

Oct

3,000

6%

Jan

10%

Dec

13%

Sep

25%

Nov

Conv

44

NOV

Debenture

17%

Nov

18%

Dec

Consol

76

Dec

3V48

41

15%

16%

1,100

16

17 Va

1,300

Stocks—

73%

•

:

26

50

;

,

•"

70

76

Jan

9% Jan
7% Apr
61

Jan

■

Cities

deb

Jan 1966

5s—

berviee

...

El

Gas

series

Lt

1958

,

102 74

10574

58 74

877»

59

88

10572

10572 105%

10472

1047a 1047«

10572

1057* 106 7*

A-O:

106

J-D

657a-

5'

70

,

103 74

106

63

103

105%

10

1037a

1067a

3

1047a

107

3

1067a

110

'■

106% 107

106

(Balti~-

&. Pr

N

3

81
68

A-O

k

115

104

68

M-S.

5s_—————1969

Debenture

6573

F-A

:

—1950

5s——
5s_>

•

,

183

1107a

115

1057* 105 7*,
837*. 857*
8372
85

66,74

32,600

41

105 7*
'

§ A Chicago Rys 5s ctfs (part paid).1927

24%

16

J-D
J-J

847a

-

.High

:

170

$112

M-S

16%

lev,

A-O

2%s————....1970

—

"9%

8

.

1954

5 %s

A

Dec

;

6%S—

Low

Q-F

—1962

6s

SACentral States Electric 5s-——-1948

Dec

.

22 V2

common

Allied

36

19 %

24

Roofing Inc.
1
Realty & Construction——1
&

Jan

3,100

10

Tlshman
Tobacco

11%

1,100.

5%
27%

Jan

35%
28%

-50c

——

(Shovel

rnew

.

3

Inc

Textron

800

34

26%

34

27

100

Oil & Land Co

Texon

Ttlo

pfd

Light 1%

&

11

9

9%

J
•
•

Corp common

Tampa Electric Co common
Technicolor Inc common..

1998

Range Since January 1

High

!'

Bethlehem Steel

Sales

-1971

—

'

Product

Tobacco

Tobacco
1

Amer

Todd

Exports—

Edison

6%

Tonopah

■3%

8%

1st

Nov

14%

Nov

Jan

Oil Co_—,

—10

warrants

2%

l% Sep
71% Jun
107% Mar

115
3 V2
3%

10

HI

3,400
440

99 7a 101

115
3%
7

44

4 Va

15%

.15%

"

100

1

.

lliT,

127*

15%

15%

43/4

-

1

Jan

4 %

Ulen

_1

Realization

Union

Corp

1st mtge

Apr

15%

1st

Canada

of

Gas

Investment Co——1——

Union

Stk

Aircraft

United

United

Chemicals

Dec

13%

United

Elmira

Dec

Gas

Corp

United Light &
United

$3

Milk

300

6

25%

237a

Jun

Feb

8%

Dec

71

"

9% Mar

17.200

25%

Dec

Feb

30%

Dec

90

5s

1%

1

1%

Railways

—

—7

33

15%

Nov

127%

Oct

15%

x26%

Apr

1%

20

200

Jan

36%

Dec

Jan

16%

Dec

9%

2,800

27%

26%

3/64

44,800

34

15%

;

14% Mar

15,000

Products

Dec

27%" Dec

38

preferred,

100

100

100

Jan

48

Dec

86

60

Molasses

Amer

United

NJ

United

8%

Profit

RR &

Canal

Feb

100

Dec

Shoe

S

U

U

S

Co

and
1st

U

S

1

—3

common

International

Securities..

preferred with

S Radiator

U

.—1

common

class B

Graphite

S
$5

U

-25

Specialties

Foil

warrants,,

United

Stores

United

Products

47

48

300

44

Feb

18%

16%

19

1,900

9

Mar

18%

1978

4,400

16%

17%

700

13%

Apr

4%

4,600

1%

Jan

16%

4

103%

14%

15%

2,300

4%

5 Ve

V/s

x92

22%

100

24

24

common—

4%.

$5.50 priority stock

100

4%

*100

Dec

Dec

Jan

103/8

Dec

Mar

2472

Apr

Feb

27

Nov

Jan

Mar

1%

25

103

Dec

65%

500

'

7

Dec

674

3

850

common

convertiole

10%

3772
674

Jan

98

Sep
Dec
Nov

Jan

5%

Nov

Jan

92

10072

Dec

..

11%

5,600

3

116%

80

54

Petroleum,.
Mann/acturing

Vnet.

12%

7,700

Wato

Aircraft

16%

Co

Wagner Bailing voting trust ctfs
t%

16%
7%

800

22

23

5

claaa A

39%

37

J-D

—Jan 1949
Hygrade Food 6s ser A6s series B——————Jan 1949

A-O

$1067a

Baking Co warrants,,—
Wayne Knitting Mills

,—5

Wentworth Manufacturing

.1.28

~6%

A-O

$106

Indiana

3V4S—.1970
llnternational Power Sec—
P

&

E

1941

1955

coup)-

u.

49%

~8%

West Texas Utility

Altallan

.-

McCord Corp 6s

Wichita

Williams
Willson

—

Products

—

f

Pow

Amer

Writing

&

4%

1,500

52

15%

Jan

114%

Dec

9

Mar

16%

Dec

2,100
10

135

Feb

164

Jun

35%

200

25

Aug

37

Nov

39

100

155

27%

4372 NOV

Jan
Feb

V

Appalachian

-10

26% I

25%

26%

•400

133/4

13%

25

Dec

187a NOV

11%

297a

Jan

Dec

18%

19%

Jan

22%

Dec

Jan

23

Nov

Jan

13%

De c

Jun

5

Jan

575

13%

6

110

18%

4,300

10

17%

17

18

1,400

11%

11%

12%

1,700

3s

mtge

9%

10

500

112

Dec

8% Mar

2272

Oct

123/4

Elec

lAssociated

Light 5s
1955
Park Lexington 1st mtge 3s—.—...1964
Power

&

5s__

&

Elec

37*s

374?.

4%

5%

Friday
Interest

3

21,400

Coke Co—

Portland Gas &
5s

■

■

5% Nov

Jan

series

5 7as

or

Sale Price
,

Friday's

Bid & Asked
,

Sold

Low

Range Sines
January 1

No.

High

Low

J-J

J-J
M-S
J-D

-1970

j-J

1013/s

104

10572

3

105

109

107 7* 1077*

10

107

1107a

10474

111

100

102%

105
„

,

J-J

H961

$101% 103

—

12

$102

—

.2024

A-0

.1953

J-J

Co—

tl22
102 3/a

10272

1103/a 110%

Joaquin Lt & Pwr 6s
Real Estate 6s
Scullin Steel Inc mtge 3s

101% 102%

46
4

29

517s

4972

297a

A-0

53%

48.3/4

48%

517*
507a

75

-1968

68

29

54

50

50

5072

51

.1977

~F-A

.1955

M-S

.1964

M-S

1043/4 105 72

1

see

1027a

1017a

106%

"'4'

1057* 109

.1957

page




3101.

$103

1017*

104

106%

151

$160 7a 163

106

106

110

1107a

MS

$125

J-D

$99

A-O

100

1965

M-S

1970

A-O

106

J-J

105

,7

106 3/a

17

165

1047a 1077a

1989

127
993/4

90
I

100

96

-

1067a

11

105

1093/4

105

11

105

105%

8974

M-N

1077*

105 s/a

*$107%

F-A

103

21

1067* 1063/4

MS

1970

1067* 1107a

12§

.

—

F-A

1951

Gas & Electric—
(stamped)
——May 1948
6s stamped.
May 1948
Debenture
6s
1951
Debenture
6s
Dec 1 1966
6s

307z

$107

Power

(Hugo;

>

106

10674

1087a

1043/8
$104

106 7*

11

114

100

106

J-D

.1960

M-N

52 7a

United

United

Light

11

1107s

1137a

2

1177a

121

10174 101%

61

1017s

10i 7a 1017a

66

963/4

110
110

10274 103

13

967a

110

„

963A

J-D
.

105

15

96%

110

F-A

104

1047a

52

963/4

1097a

F-A-

104

1047a

38

963/b

110

A-O

80

106

78

80

487a

487a, '

8

58

>1948

J-J

85

307*

58

1948

A-0

Industries—

1st

lien &

—19W

37aS—

Electric

53%

119 72 119 72

1950

stamped

Edison

1057a

1107s 110%

__1957

3d stamped.—
of deposit

(Hugo)

A7-4s 2nd

Toledo

N

&

J

Rys

(Delaware)

Light & Railways

Utah

A-O

(Maine)

A

Power

& Light

107

110

110

27

577a

$.04% 1087a
108%

111

103

107

10011

$105

A-O

—

1952

series

D*»hpnfur»

1949
1959
5%s-1952

48

107
110

1067*

Co—

Lt

&

48

J-J

J-D

4s

Power
5 7as

cons

United
6s

1107s

6s

1017*

A-O
F-A

A Certificates

Stinnes

29

108%

A-O

Corp—

'

1057a

1957

gold

Standard

United

"

,

1077*

J-D

Conv

99

10
15

Telephone of Canada—
series £_

107

A-O

6s

A7-4s

M-S

—

5%s

107

J-D

..2022

5s—,.—

(A G)

Spalding

5274

29

footnotes

101
16

1027a

105% 106

M-N

4s_„_.

Stinnes

34

For

109

!

Elec 3 7*s
L 6s

102%

92%

4972

City Elec 3 7»s

Rys

&

11174

50

Assoc T & T deb 5%s A

P

Southwestern

12974

49

5s

J-D

..1971

123

125

48%

;

$101

1951
1951

Edison 3s
California Gas 3748
Counties Gas (Calif)—

debentures
& Light
AStarrect Corp inc 5s—

49%

C

1147a

106

MS

1952

3

California

1087a

10

J-J

5s

109 7a

109

Standard

-1950

F-A

M

109

106

High

-1950

series

76 7*

406:

'

w.

1952
4 7as

Southwestern Gas &

Bonds

-1949

1st

-

1979

A

Harbor Water

mtge 3s
Southern Indiana

.1948

5s

63

1047a 108
1077a

-104

Queens Borough Gas & Electric—

ASchulte

4 72s

Bell

75

111% 1127a

M-S

certificates..———

perpetual

San

47as

deb

$107

J-J

Sinking fund deb 4s
——..1949
bf New Jersey—

6%

Oct

deb

AConv

107 V

>

Public Service

Dec

deb

Atlantic

*

mtge 3% s^————..1964

1st

574

AConv

Registered

J-J

;1950
4723 B—.—1959

(Can)

Corp

6

$3

76%
107 y<

M-N

F-A

stamped extended.,;—

Power

767*

J-D

Elec Power 5%s—1972
Philadelphia Rapid Transit 6s.
.1962

16%

Week's Range:

Last

.

AConv deb 5s

Debenture

1037a

103

•

;V

—-.1970

——,—

12

1067a 1077*
$104% 104%
$106 7a —

J-J
M-N

—.1979

Pennsylvania Water 6s Power 3%s*. 1964

Oct

/AConv
A

107%

1007a

104% 10574

F-A-

Philadelphia

Jan

5%

-2016,

6s__—

Pow

4%s——_—_

Gas

1057*

Feb

11

.£1

Exchange

Appalachian Pow deb 6s
Associated

104% 109
12

Aug

10 3/4

8 7* Aug

;

.5*

4%

6s

Paper

A-O

.^..1971

—

Public Service

Pacific

Safe

-I960

Elec

61
1093/*

105

Dec

9% Nov

Jan

1st

1st

—1

...

deb

106 7a

106% 107

May

.1970

Lt

12

$1007* 101

—2

deos

Amer

$106

F-A

Jan

104

58%

107 7a

F-A

-10

debs

s

107

10774

1948

pfd. .100

& Electric Co.debs—

33/4S

A-O

1962

Gas
f

'S-J-i

105%
109%

101

,$447a. 477a

48-——.^

,

f

105 y*

104

Ohio

•

s

104

Oklahoma Power & Water 5s—

19

Period

s

102 y*

Dec

39

BONDS

37us

1017* 105

17

Nov

1st

2'As

"3

8%

Southern

American

10274 1027a

9

18

108

103% 1047a

}106% 108

40

12%

receipts

Curb

1057a

—

99%
1007*

4

Southern

/

11077a
1047a

Ohia Power 1st mtge 3%s_.———1968

Southern

York

88

Oct

12

Hargreaves Ltd

New

887*

83

Jan

1.,

preference

Wright

88

17

997/a

Mar

—3

—3

Petroleum,,
Woolworth (F W) Ltd—

deDosit

68

99%

3%

35%

B

Woodiey

6%'

98% 100
99
99

3

500

100

993/4

A-O

2004

.

99%

17

9%

14%

'Ml/

1077* 1107*

500

i*'

Inc

common

Wisconsin Power &
Light 1%
Wolverine Portland Cement
Woodall Industries Inc

American

117

/:

107

750

Dec

78

110

North Continental Utility Corp—
A572S series A (part paid)_—__1.948

Jun

64

$11274 114

Oct

267* Nov,

104%

J-J

Dec

114

101%

1

1097a

9%

Jan

106%

12

747,

107

r

J-J

Mar

1073/4

108%

N Y

Westchester Ltg 4s_.—

112

1053/4

Public Service Co of Colorado—

River Oil Corp
(R C) 6s Co

Winnipeg Elec

7474

120

1

1067*

:

108

101 %

Oct

Jan

.-10

Weyenberg Shoe Mfg—.

J';- /
W

—

&

1157a

•

2

102% r103 7a

rl037a

M-N

Dec

■

•

105

N Y State Elec & Gas 3%s——19«4

123/4

...

■Vei

$1063A 1077a

Dec

—'

1057a.

118

/''-V

98%

M-S

1948

El Assn, 5s.——

5s__

104

108

108% 1097a

'■

J-D
deb

1073/4

'■

M-N

New Eng Gas &

105

1067* 1067»

MS

.——..2022
5s

37

17

,

J-D

4%s——1967'

Gas

22

$115
'

'"f

V

to—_—,——.1963

A—

71

54%

106

A-O

Nebraska Power 4%s—.——1981/

Amsterdam

42

1067a

52%

527a

'

series

103

$104

F-A

6s

97

98%

9774

106

■

England Power 37»s—
1961
New England Power Assn 5s_>.—1948
Debenture 5728
—.1954

111

-20

>

M-S

10

$« preferred—

Westmoreland Coal
Westmoreland Inc

97%

60

63

46

A-0

stamped——1948

/63V:V;'

37
31

•

1027a 103

J-J

Penn Central Lt ii Pwr 4%s—..1877

155

' :

M-S

Kentucky Utilities 4s——_——.—1970
Lake Superior Dist Pow 3%s«
1966

60

31

;

52

■
.

J-J

New

/j

.

$48

J-D

Power 3%s_—....1966

Gas Light

■

62
63

37

1

•:

•/../

MS

3%S——1969

Milwaukee

109

30

1

47
.

Kansas Gas & Electric 6s.——..2022

at 4%

48

'

^

J-J

Midland Valley RR—

'.

■■

6s———.1963

Kansas Electric

105

28%

"

Jersey Cent Pow & Lt 3%s_——.1965

Kansas Power & Light

106

47

J-J

Superpower

102 3/a

'

....,——.—.1952

6s—

4

■'

j-J

Extended

106

1

107

3,050

51

8%

15%

-*

M-N

w
West Va Coal & Coke
5
Western Maryland
Ry 7% 1st pfd. .100
Western Tablet &
Stationery com.. —,*■

[M

j-J

-.1952

—

,:V-. 3

48

F~A

1957

F

Debenture

1043/*

1027* 1057a
1027a 104

10

10474 1047»

J-D

1941 coupon)——1952
Power 53———,..—1957

Interstate

1067a

'

(July

A7s

77%

1043/4

:'v

,

^

v

'

coupon)——1957

1941

(Aug

series

108

102%

107

•

—..1955

—

10474

M-N

L

A6%s series C
A6%8 (Dec 1

A 7s

58

1043/4 1077a
1057a
.67

v

..

10374 1037a

10374

F-A

& ref 5s—

series

,

74

1023/i 103%

J-J

5s—,——1950
.1963

Sei vice

lien

1st

i

3

92

74

M-S

—1957

5%s Beries B__.

Indianapolis

45

15

107'A
106

$1027.

J-J

90

1037a 107

__

107
106

8%

'

6%

507a

1077*
1287a

Co—

Pbwer

& ref

1st

$603/4
106

6%

40

7%

Ward

15

Grocery Store Prod 6s——1953
Guantanamo & West 6S—
>-—-1958

1950

107

200

;

preferred

Waitt & Bond

106'

J-J

1947

126

9% Aug
11% Aug

400

6%

—-

124%

J-D

Pow

17%

Jan

Venezuelan

1

803/4

77

A-0

—1969

A—

137s

Jan

111
12

preferred

1057a

105% 106 3/«

M-S

New

$4

6

J-D

Conv

T*lerr.r Corp

33

3%———1963

Mountain

Dec
Jan

4%

8 7s

21%

10,300

21%
20%

.

Jan

26

5%
96%

5%
94

Dec

7 12 Jan
18

Co

ssugar

Nov

19

Dec

4%

25

Dec

173/4

9,000

22%

Utah Power & Light $7 preferred.

Utility Equities

9%

•.

63%

11

1067* 107
12872 1287a

Nov

50'%

Jan

1%

9.600

9%

—

4%

Dec

15
83

;/

Jan

83

400

7

May

8% Mar

1.600

15%

Oil—_—-

Insurance

Utah-Icmno

47%
Xl9

69

687*

66%

AGeneral Rayon Co 6s ser A—
1948
West 4s
—1950

Green

Jun

43/e

73% July

9

Dec

286

1% Mar

250
600

9%

common,—

traversal Consolidated
Universal

3%
12

81%

6%

Wallpaper, Inc

Universal

400

8V's

'

Jan

12

a

-

Reclaiming

275

Jan

79

92%
1

6%

79

4

common

Rubber

3%

-10
common- -25

Machinery

Preferred
United

10

.25c

Sharing
preferred

10 </c

United

100

284% 284%

.100

8Ys

3%s

Power

A7s

regis

106

35%. 367*

v

—1961

——

Grand Trunk

Ltd—

Co

dep rets ord

128

Mtge Bank—>

Residential

stamped

A 7s

United

35%

J-J

372S————1965

& KR bs—.^«19bt»

Lt

Water

Finland

Illinois

33

67%

MS

Feb

22

-10

MS

—1993
1993

B....—

ser

•

...

common

participating

Dec

4

133/4 Dec
10% Dec

Va Aug

59

23%

16

Jan

7% July

1,200

8%

—

warrants

oorp

23/8

4% Mar

Stores.

United Elastic Corp
United

10%

4s

Eastern Gas & Fuel

Dec

16

5%4 Mar

t-

100

2,100

8%
1

common

Cigar-Whelan
preferred

$5

4,200

3%

10%

—

Products

United

14
12 %

3%
11

IlOQ

Omaha

of

13 Va

10!

— —

Union

Yds

13%

-10

Co—

109 74

105%

1207*

$1257B 130

F-A

—1958.

4s ser A

mtge

Gatineau

._l0e

*

Manufacturing

106

101

■

Dec

U
Unexcelled

1' \

1037a

■.

Lackawanna of N J Division—

Dec

May,

/

Udylite Corp

106% 106'%

$1047* 105.

Delaware Lackawanna & Western RR—

Nov

8

5S %

7% Jan
12% Mar

200

4%s—1954

Continental Gas & El 5s

Oct

Jan

c

1,700

•

Tung-Sol Lamp Works
*
80c convertible preferred

117%

12

11,800

,3%.

v

.

:

J-J'
A-O

.

Nov

Jan.

35%

;-2,800

ser P——
1969:
2%s ser Q~
._.:1976
(Bait City)—.

Gas

Gen mtge

Dec

J-D

ret mtge 3s
ref mtge

Consolidated

NOV

116

Jan

4

11,600

47

3%
123

May

3%

3,500

7%

6'/a

44 Vs
4

>

Inc

30

99 %

1
1

Corp

Tri-Continental

2%

2%

•

of Nevada—

Mining

Trans Lux

Transwestern

Trunz

-1,500

108 7a 108%

•

preferred—-—100
—I
100

preferred

1%

,

12% Mar

Shipyards Corp

Toledo

^

1st

7%

•

;

Security Trust Co Ltd—

dep rets ord regis
dep recs def reg

Amer

F-A

2022

Af-N

$108% 109%

1083/4 li2%

1143/4 1143/4

11434 116%

Co—

cerm*

A

Volume

EXCHANGE

NEW YORK CURB

WEEK ENDING DECEMBER 21

FOR

RANGE

3101

CHRONICLE

THE COMMERCIAL & FINANCIAL

Number 4449

162

'

Week's Bangs
or Friday's

Friday

BONDS

Last

Period

Exchange

Curb

York

New

Interest

Sale Price

•Sold
No:

High

Low

Waldorf-Astoria Hotel—
Water Power 3%s—

Electric 5s

West

Penn

West

Penn

Western
6s

Traction. S.s^

Newspaper

conv

Rya

IA York

debentures——.

f

s

6s

AStamped

53%

110

ALima

84
109%

105%

6

81

7120% 121

798

J-D

.

99

J-D

100

■

99

High '

1

-

reduced

to

722

M-N

16%

101 Va

99

1

of May

A7s

2008

M-N

iy&i

J-D

733%

35%

(issue

(issue of Oct.

95

95

5

-1958

M-S

45%

46%

2

2008

Low

Agricultural Mortgage Bank (Col)—
A 20-year
7?
———April, 1940
A 20-year
7s
-—Jan 1947

5%s

Danish

Low

High

63

74%

J-D

25%

sale,

Cash

32

25%

13

25%

27

M-H

93%

95

76

96

F-A;

1953,

Danzig Port

87

90%

80

90%

•f

;V

V

iwib

J-D

1921

J-J

/

J-J

1952

:

—

12%

723%

27

FOR

WEEK

Friday

Week's

v.-

Last

*•••

Week's

Range

Shares

preferred

5%

Shares

Range Since January 1

/'■

RR

Central

Maine

Assoc com v t

G.75%

17

166%

12

-100

53

—iTr-)-

,——;

vtc„——J-

Associates

Util

Mass

common—.

Oil Co

Commercial

Seaboard

.

16%

Nov

84'% Dec

J;--y
i;

Narragansett

Dec

58'/4

4"

99

Dec

1374

Nov

;

:

Q

Dec

90

Apr

•

17%

Dec

142'%

87'%' Feb

9
117

30

•

Dec
Dec

99

Nov

35%

% 26

23

1.00

35%

1,850

Dec

36

Mar

40

47%

40

46%

47%

40

38%

41%

Mar

38%

25

.

Sep

38>

245

41%

1.00

25c. .Mar

50

—50

Jan

43

,

Dec

-2.50

deb

"

•

*—50

RR

Jan

.

48Vs

Nov

Button

Reece

Folding

87

85

"

0
$12,000

99% 100%-

70%

Apr

98

9,750

Nov

"Dec

94
100'%

•

.

Sale Price

STOCKS—

Range

Low " '
;

Co com-.——*

Refining——100
Tel

Anaconda

Copper

Albany RR

Boston

&

Boston

Boston

—.———25
Elevated Ry_.
—100
Herald Traveler Corp.—.——•

Boston

&

Boston

5%

Stamped

Hecla__

&

Cliff

—5

—

Eastern

Gas

Fuel

Stores———"

Corp_^

——

Isle

Royale

•

class

142,

"S

46

Jan

81

Jan

44 %

67%

60'A

Jan

90

footnotes

see

S

16

common

17

14




1874

585

1074

Jan

300

474

Jan

26%

-

•

552

Dec

Jan

39 74

Nov

30

28%

Dec

12074
83

Oc;t
Nbv

50

VAfrr

Jan
Mar

90

525

:V:;: 48

47

6774

7174

.274

45

July

7374

Oct

767a

Nov

Jun

274

Dec

Feb

14874

Dec

133A

Jan

2074

Dec

20

274

•

5174

75

6774

69%

7374 July

118

r

Dec

112

4274

15%

83

8174

Oct
Nov

774 May

3574 July

,.

218

■

Jun

.24%

Feb

95

15

225

X3874

79

1
100

Mass Ry

&

Vermont

Waldorf

143 74.148

59% July

Jan
•'*

Wesilnghouse

American

&

130

50

310

507450%

.

—12%

Electric Corp

90c

50
,

v

240

36

Jan

52

Nov

35 74

50 3

*

Co

D)

<S

Warren

74

19'2

820

31% July

38

May

155

Nov

1.974

——•

System Inc—

36 3a

BONDS
Tel

151

Tel conv 3s——_1956

•

•

2,756
20

582

15 '

"X

:.

:

9% Aug

10%

>:

Jan

$2,000

151

.

..

118% Feb

;

9

Aug

18

% Mar

.

Last

Jun

:

19% July

ioo

10

100

10%

Nov

17

Jun

16%

50

14

Apr

22

Jun

Admiral

22

NOV

Advanced Alum Castings——

60

July

13%

Jan

55 %'■■

41

Feb

;

214
416

9 'a

102'
192

28%%

150 '

1%

'■

;

;X;

';»

Adams

(J

Corp

Ball

Aetna

Mfg

D)

common—-

common

Bearing

Allied Laboratories

6% Apr
30.62 3\Iar
165a
65c

9% Nov

X

34.78

Nov

30% Dec
2 % Nov

Jan

Apr

125

98

116

G

78'%
3

Feb

100
'

July

8'%

Nov

Aliis

Chalmers

Armour
Aro

Co

&

—

Seelig class A com—

Jun

109

Feb

Barlow

Jan

103

Dec

Bastian-Blessmg

&

23%

27

175

Jan

27

Dec

Belden

Mfg

18%

21

1,660

12

May

21

Dec

Benclix

Aviation

48

50

115

38

May

50

Dec

Berghoff

215

31'a

Jan

42

Dec

Binks

16

Jan

367's

Dec

Borg-Warner Corp

41%

40 3i
'

■

53%

35%

59

265
27

56% "-"

36'A

Jan

59%

Jan
I

X45.32
46

22%

2

45.35-

'

47%

1,336

23%

269

200

11
2%"

Co

Mfg

'

320

37%

Feb

13% Mar

6% July
60c

July

Oct

Brown

Fence

Dec

Bruce

Sep

Burd- Piston

26%
15

3%

&

3% -

110

17a

Jan

k%

common—

Brothers

Nov

Central

Nov

Central

III

W

49%

282

35%

Jan

51

Dec

Central

States

common-

5474

Dec

Jan

15

Dec

2874

Dec

7,200

1%

Jan

674

Nov

16%

650

7%

Jan

17%

Dec

874

2,000

3

Jan

874

Dec

10

1,800

574

Jan

>1074

Dec

100

16

Apr

21

Dec

100

774

Mar

17

32 "

31

%; 34% %

550

26

Jan

36

Nov

24%

25 %

350

1674

Jan

27

Nov

53

53

400

4874"Jan

14%-

950

10% Mar

2074

2274

700

■

2074

Lt

pfd

7%

Mar

53

Dec

24

Jan

55

Nov

Jan

1174

Nov

Apr

4874

Nov

Jan

113 A

Dec

13%

Jan

27%

Dec

9974

Jan

T'4

Nov

6 7'2

Dec

200

5%

„5

45

45

150

32%

10%

10%

200

674

24%

25

500

320

:

;

110

474

1

9%

'

-

111

Jan

500

474

Dec

37

50'A

25

Oct

Oct

150

49%-

50

,

61

15%
23%

100

4974

♦

—5

Jan

112

21

—,

&

Jan

674

24%

._5

_50c

i

common

Pr

D?c

39 74

20

:

20

preferred—

Util

2074

Dec

1,400

13%

6

974

Illinois' Pub Sefv $6 pfd

s

50

Dec

100

28%

974

Rutler

Centra»

:

■

-1

—

Dec

Dec

547s

•

'

*10

.10

Corp

19%

15 :
.

—

common

Secur

Dec

600

v

common

Ring

1274

11%

'

5%

5

—1

capital---

Wire—

L)

(E

Oct

774 Aug
1674 Feb

7'A

'

common.-—
J)

.

Co

Convertible

"3%

(E

Sons

Common

49%

153A;

Corp

capital

Co

&

■

47.15

Corp

14

1,100

14%

common.—

common-

Brewing

Brach

4274

~5%

*

Co

Jan

2,200

28 34

—1

3

96

21%

1274

12%

1374

—1

8

-71

1874

Jan

1834

5474

l>

Dec

Jan

1174

—4

1—

15%
1074

1974

common.,-—.

Washer

170

-

17

1774

High

Low

17%

17%

11

Corp »Delaware)———.

Aviation

'

Range Since January 1

High

..Loiff

5

—5

common.

50

33%

Shares

Co

Mfg Co common——

640

14%

for Week

common..——

Equipment Corp common.—

Asbestos

Ilh

common.——

Mfg

103

97

Range
of Prices

par.

13%

191% XwX 475

Sales

Week's

Friday
Sale Price

stocks—

15

48

3109.

Apr

1057a 110V4-"
■

70%

common—50

Corp—
Co.—

Holding

Venezuela

102 "a 104

22 %

14 74

•

79 '

10

& Min

Smelting Ref

Jun

97

:

10874

XXL—25''

preferred

Rubber——_—

Preferred

page

•
26

Jun

14

5%

.

106

4274

2574

Shoe Mach

Athey Products capital

103
26%

38%

38

Apr

127a

34:37 34.37

97

3%

Dec

8'%

8%

274 July

Jan

Jun

23%

55%

7

Feb

174

Oct

69%

19

;

174

50

Nov

138

10%

.15

—

Dec

1474 Mar

100

2'A

112

41%

5

Co_——:

Fruit

16'%

19

7

Drug

1334

—

.

—

Copper—

4%

174 Aug
1274. Jan

'

112

15
.

A—-—

——

Kennecott* Copper

For

"X

37Jan

14

•—

Bakeries

B

115% Aug

.

1

Electric

Gillette Safety Razor Co

Class

Nov

Dec

1274

65%
:

Employers Group Assoc
——• —
Engineers Public Service——_——1.
1 - __ '-■•••

Capital

4674

Aug

65

18

19%

197e

*

—

Drill————

Twist

Automatic

1st preferred series A,
-_100
preferred class B___„—r100
5% pfd adjustment
———100
Eastern SS Lines Inc common
•
$2 conv preferred
...—

Hathaway

288

1,780

;;;;.

Oct

24%

Jan

Associates—

6%

General

17.

150

65

,—

67«>

National

Dec

33 74

150

2%.

XI7%

17%

preferred—

.49% Nov

Feb.

569

1%

prior preferred —;
—100
Eastern Mass Street Ry common—100

General

45

26%

4'%7o

First

■

Jan

43

—^r25

Co——
&

650

■

Dec
Nov

X 307s Dec

81

^-10

Service
Mining

29
130

;

;},

41%

A———.—-1."-'-- 34.37

Century^Shares TrustCities

656

\:.V15

%

196%

Aug

80

1st pfd

1st pfd stamped—100
Boston Personal Prop Trust———*'
Boston & Providence RR
100
Calumet

Jan

133

,

59

Jan

9'%

-

D

clas3

May

7'A

.

274

Nov

13%

—100
Stamped
—100
T/o ..class C 1st pfd stamped—-100
107f

44

44
7 80%

'—-——v.—,,

class B

8%

136

t

41%

RR—,

Maine

prior preferred——100
class A 1st preferred-—i—.-100

1%

,

41 %

156%

125

24%

X23%

—

Edison

695

148% 148%

High

295a July

:vi 2,168

:

30%
45

29'a
43%

pfd—_100
^ ;
:—23:%
~100
136%

Inc——

& Son

Bird

;

50

—;

56%

5238

1186% 1917a

186%
29'%

'

.25'

42%

42 5s

—

-

luu
*

—

Bigelow-Sanford Carpet 6%
.

;

.

Range Since January 1

,

High

Low

&

5

75%

for Week

Shares

8

U

Sales

of Prices

Last

'lei

Jan

Dec

2074

2'A

..

Inc—

Webster

2nd

6%

.

Woolen

Dec
Nov

97c

3874 Mar

3%

Dec

U
:

Week'*

10

.-100

•
Suburban Elec Securities com———*'
$4

;

—

pfd

Association

&

Stone

Friday

Sugar

30c

1374

3%

•'

United

American

7774

Jan

iiS

44%

13%

Machine—.

7%

Rutland RR

United

American

Dec

Nov

136

Jan

30c

56

3%

";42%

a

Mach.

Hole

Reece

United

American

427

25

Quincy Mining Co

Union

Agri -Chemical

Nov

74

1%

Feb

42

10974

370

5,725

7174'73%

Pennsylvania

25

July

•

374

3%

—100

—

—

Mills

Pacific

17

Jan

22c

95

~

130%
92c

...

80c

85 c

X.

'

Old Colony RR

Torrington Co

American

129

129%

-100

■'

7774

77

Tel & Tel-^.——
Mining-.—

Butte

Jan

1534

2,670

iV

8674 Nov

.

North

7 .42 % Nov

■■

Co 49-————1973
Woodbury Mills—
{subord ina te d)—

Vernon

47c

1

Dec

Apr

774

490

24'a

1

preferred

5% %

245

16%

2274

22%

474

Jan

6474

35

15%

1

1

100

.4%
78

'

80c

—

Baltimore Transit

Mt

Cos—_—

74

'

,25c

.V/-;'■

>;■

Jan

—1

New England

Shawmut

Bonds—'

4174

England Gas & Elec Assn—

New

■"

70

12'% Jun
62
Jun

Jan

53

4

5

—-

Service

National

5%

78

Rac'g Assn Inc—.

High

/

1,954

52

"

12

1

-

Low

11

,

„——T_,

Nash-Kelvinator

Nov

19

168%

Jan

Linotype

..

—20.."V 41 %

Fidelity & Guar
Western National Bank—:
U S

Dec
Jun

7

40%

Jan_.

% 26

•

121,

140

98

29%

Jan

46-

4':"

935

17%

140
99

8

.

155

42

.

—50

pfd—

5%

.

57 l-.r
26%..;

26

2

Casualty———

Amsterdam

New

North American

100.

166%

Jan

•

•

Feb

69

,

'

7

Apr

20

,,

Mergenthaler

High

.

Jan

2.75

180

*7:r%:

:/

166%

t 57

prior pfd———10

cum

84i%

c——1

16

266

35

84%

&

200

'

6%

33

33

■Low

' v'

29%

6

:

•

100
E L & Power common—•

"•

High

29%

—•
;

Deposit Co
———20
Fidelity & Guar Fire Corp——10
Houston Oil of Texas 6% pfd vtc,—25
Mt Vernon-Woodbury Mills-—
'v,
New common
100
Preferred ——u-~—-^-i.i'-.>--.100;

Fidelity

kale,

Range Since January I

High

Low-

llOO

"

Eastern Sugars

21%

for Week

of Prices

Par

Sales

of Prices

Low

Par

Consol Gas

22

5%

Sales

Last

Sale Price

for Week

Range

Sale Price

STOCKS

v t c_

5%

60

DECEMBER 21

Baltimore Slock Exchange

common

153

14 Vg

EXCHANGES

ENDING

Friday

Transit Co

12%' 13%

13

certificates oi aeposit,
uono," consolidated; "cum," cumula¬
convertible; "M," mortgage; "n-v," non-voting stock; "vto," voting trust certificates}
"w w," with warrants; "x w," without warrants.

8TOCK8-*

Preferred v t c

37

when Issued;

"w 1,"

;•

37

19

RANGE

Arundel Corporation

37%

\

Abbreviations used above—"coa,"

v

OTHER STOCK

Bait

46%

•

.

tive; "conv,"

St Waterways—
A External 6%s stamped—;—

6V2s;

A

value,
a Deferred delivery sale,
x Ex-dividend. 1
'%■ ■

•No par
r

735

to

d Ex-Interest, e Odd-lot sale, n Dnder-the-rule
V ;•
•
prices; no sales being transacted during current week.
ABonds being traded flat.
^Reported in receivership .>
: !
HEX liquidating cash dividend of $22.50, plus stock distribution,

76

71

75

;

J-J

Plan

to

reduced

A5yas

•

744%

2012

;

.

Government

ARussiau
J

No.

J-J

2%

6 Vis

pursuant

Interest

'

7Frlday's bid and asked

1948

~

January 1

High

75

Janeiro

de

'

to

pursuant

Stamped

-Range Since

Soid

; t-75

J-J

...—1955
—

5s_————

Extended

A-0

Bank of)

(see Mortgage
ACauca Valley 7s

Bogota

Bonds

Friday's

or

Sale Price

Period

A Rio

Bid & Asked

7s

Plan A
Interest reduced to 274s—

'

Last

;

of Chile 6s„

(State)

Stamped

Week's Range

Friday
Interest

47%

M-S

1959

22

95

36%

J-D

75

38%

25

J-D

Mortgage Bank

Foreign Governments & Municipalities
Exchange

51%

20

37%

719%

-1931
1972

AParana

Curb

47%

46%

„

50%

50%

A-0

1947

1927)_

750%

M-N

1947

1927)

*

45

Mortgage Bank of Denmark 5s

BONDS

36%

A

2%s_-,

stamped—

A7s

York

28

45%

32

745

MortgageBank of Bogota—

A

New

High

38%

M-S

Plan

to

pursuant

Interest

Low

28

101 Va

—

99

Sold

No.

1958

AMedeJiiu ,>7s

105 %

Range Sinee
January I

Bonds

Friday's

or

Bid & Asked

stamped_1958

6%s

(Peru)
7s

Stamped

116% 120%

(;
—

City

AMaranho
,

;

.4104 % 105 %

F-A

1937
1947

5s stpd—;

Co

106

7106 % 108

J-D

'
1959

Union— *

7.106% 109

78%

Last

Sale Price

High

J-D

78 %

Exchange

Low

A-O

M-S

—,—1954
1964
;
2030
—;—1960

dabs

income

A5s

Wash

Curb

January 1

Bid & Asked
Low

York

Interest
Period

New

Range Since

Bonds

Week's Range

Friday

BONDS

1174
185%

1774

22

1.100

Jan

22

Dec

11

12

4,300

1J

Jan

12

Dec

1.110

82%

Jail

310

874

Jan

18174 190
1774

--

18 74

'

14

THE COMMERCIAL & FINANCIAL

3102

CHRONICLE

Monday, December 24,

1945

OTHER STOCK EXCHANGES
RANGE

Week's

Last

Range
of Prices

Shares

Low

Par

Burrell

Cherry

Chicago Corp

Corp

:;:5

common.

common

Vtc

Co

Co

Co

com

22

common—_1

Co

Cudahy Pack 4%%
Curtis Lighting

(Alf)

250

35

Jan

49

Nov

Yates-American

31%

100

243/8

Get

31%

Dec •{

Zenith

Watch

Mills

Drive

Radio

Jan

79

16%

Jan

30%

Dec

200

3"%

Jan

8%

Nov

Low

(new)_12ya

35 'A

*

Machine

capital

_5

common—

Low

High

31% July

37,% Mav

900

30

250

14:1,4

Jan

16%

17%

1,800

11%

Jan

17%

17%

;•//;- 400

11%

12%

900

40%

17%
17 %

353/4

30
-

com__

Corp

Range Since January 1

High

35'/8

—*

common

'/"• 11%

•

40%

100

t

Dec

«

22

650

17

July

28%
.

7%

Jan

80

30

30 %

100

20%

20%

150

23

Jan

1,600

39%

39 %

23

23

30%.

Nov

22

73A
35

29

Jan

100 %

Jan

250

Apr

25

Jan

29

6%

1,150

4

Apr

48%

100

39

Mar

20%

21%

1,050

50

53

21%

—15
5

9%

22%

:

r

j

56%

Dec

750

153/4 July
23% Dec
34%

Feb

Jan

6%

14%

common

Corp

(The)

Brands

Oil

Btudebaker

Jan

93%

67 %,

Jan

200

•

7%

8%

1,100

46%

Vz

46%

500

5%
38

a

Dec

Dec

of

N

Co

1

j

97%

Jan

Dec

9

)

Dec

4934

Mar

.

Sep

|

,

14% Dec

t

22 3A

22

1,100:

22%; AUg
15 ya Jani

25%

Dec

!

22

Jan

34

Dec

l

28

V 31%

;V>

34

l

44

Nov

.

*

16%

•

30

223A

56%

Dec

Jan

64

Nov

17

Jan

243a

Dec

300

16% ' 173A

1,700

31%

"

J—

66 Ye

66%

30

10%,

Je n

19%

19

%

Jan

33

y4

Jan

45%

Nov

1,200

A

31 y4

100

56% Aug
18% Jan

200

common.

i
j

Dec

29

29%

•

•

i

,

'

Jan

48%

common

/

Dec
Nov

2,300

-22%'23%
33%

common

198i»
47%

111% Nov

-

Jan

t

9

3

common

Corp

Rubber

S

13 5

Jan

76%

46

•

U

Nov

'Oct

43%

Jan

29 y4

_1

—

Radio Corp of America common
Republic Steel Corp common—

f

11%

600

•

Oil Co

Standard

Jan

July

300

' V

•

York Central RR capital

Standard

22

57

.

i

68%

N»v

33 38

Dec.

72%

Oct

,

Aug

-

Dec

I

,

;

'

Dec

72

74%

Jan

'77%

20%

20%

100

10%

Jan

22%

Dec

1

12%

12%.

13 %

2,750

11%

Nov

13%

Dec

Safety Razor common
*
Goodyear Tire & Rubber common...'

22%

22%

23%

1,000

13% Mar

26

Dec

60

60%

200

51% July

61%

Nov

21

22%

600

16

Jan

24%

Dec

24%

25

500

18%

Feb

25%

Oct

Com

Motors

General

Outdoor

General

Gibson

common

72

common...——"

Adv

Refrigerator

10

Dec

•

;

common.:

Pure

*

18
45

93%

Paramount Pictures Inc
Pullman Incorporated

,«

23

Co

Corp

(Glenn L) Co

1

35%

250

14%

9%

1

New

I1

Dec

24% Aug

23%
27

Dec

Nov

Jan

Iron

Nash-Kelvinator

«

Dec

"

6%

7% Aug
13% Jan

22»/2

Martin

*•

13% Mar

150

27

Oct

52

1,900
1,450

10%

<

17%
43

1

Electric

}

Nov

10%

15

•5%

Dec

102

12%

48%

10

42 3/4

Dec

3%

1,700

General

Dec

17%

8»/a Mar

_100

Curtiss-Wright
Interlake

Nov

20

24%

27%

5%

General Finance Corp common

Feb

26

Top & Santa Fe Ry com
Bethlehem Steel <Corp common-

»

Dec

17%
43

50

Atch

Dec

Mar

10

•

Anaconda

Nov

47%

50

8

34%
.26

Jan

17%

100

100 % 100%
8

36

Dec

31

Stocks—

American Radiator & St San com
Copper Mining

J
1

30

2,400

Brewing common——lYi

(Peter)

63

900

33%

—-—-.5

Unlisted

i

7%

46%

Inc

Jun

79

23 %

*

—

76a/4

28%

28%

Auto—

Jan

33%

10

com

Co

America

of

54%

46%

.——25

Utll Oorp

100

68'/a

22%

(The).

Bousenoid

Four-Wheel
Fox

43

33%

pfd (new).lOO
common———2'/a

Cohn Inc

&

National

Flour

Shares

Dec

221/4

cum

Inc

Paper Corp

Elgin

Oct

32

1

Dodge Mfg Corp common
Domestic Industries Inc class

Electric

64

Aug

22

pfd———50
partic shares vtc Ai^-.—"
partic shares vtc B—.—*

Common

Eddy

Jan

22%

7%

Co vtc partic

Common

Decker

Indust

53%

10

25

Consolidated Biscuit common—

Crane

Woodall

850

com

common

Bankshares

63

78%

&

Inc—

Commonwealth Edison common
Consumers

Wisconsin

*

27

10
*—*

common——

Uten

(The)

Coleman

Feb

32

68%

—*—

_

Service

Aluminum

Club

Wieboldt Stores Inc

Dec

9%

42

42

100

5%

preferred—1
Chicago Towel Co—
Common capital
Cities

21%

for Week

North Western Ry—

&

for

Jan

Jan

7%

El & Mfg

58 %

Chicago Milw St P & Pac com wi

Sales

Range
of Prices

Par

Westinghouse

Nov

31%

Mfg class A pfd—
0
Chicago Flexible Shaft common:..—0
Elec

Chicago

16

*

33

32

58%

preferred

Convertible

Chicago

100

8,450

9Va

High

21% Mar

100

21

8%

8%

Week's

Last
Low

31

21

21

i

Friday
Sale Price

STOCKS—

Ranre Blnoe January 1

High

31

Belt" Co.- common—;——

Chain

ENDING DECEMBER 21

for Week

Bale Prlee

STOCKS—

WEEK

FOR

Sales

Friday

Co

common

Gillette

Gossard

Co

W)

(H

Great Lakes

Hein

Co

&

—•

com—;

20

18

A—.—,

com

300

11%

Apr

20

650

13%

Apr

21%

300

10%

Jan

17

160

14%

Jan

21%

40

22%

22%

8%

Hupp Motors common (new)

8%

37% May

:<

8%

40 %

24%

Co

10

capital

200

17

Steel

Indiana

Warrants
Interstate

Katz

Prod

18

3%

,

700

35

34%

35%

350

12%

Independent Pneumatic Tool vtc com.*

12 %

13%

700

—1

common

5

——————:———

34

common

Jan

9%

Salle

Leath

Univ

Ext

g

...

Co

&

Cumulative

^

——*—

Marshall
4

Co

Field

Middle

Miller

Went

'

T.

v

&

$1

Hart

prior

Montgomery

Ward

American

Northern

7%

Oak

Oklahoma

Ga3

Jan

12 %

1,600

7%

Jan

19%
13y4

Jan

14%

Jan

14%
25

Dec

100

40 3/4

600
10

500

13% Mar
18%

Jan

42

111

5%

6%

4,200

17

500

12

100

10%

100

74

44%

50%

4

Nov

f

Dec

./

2 3/4 Mar

Nov

18
7

•

I

300

48%

Jan

75%

Dec

15%

Nov

44%

51

200

30%

Jan

52

22%

350

25

13%

13 %

100

17% Aug
11% May

950

23%

1st

Feb

16

(The)

Jan

30'A

Peabody Coal Co class B
6%

50

136

Jan

170

Dec

180

43

Jan

142

Elec

23

23%

250

16

Feb

23%

class

103/4

11%

6,550

Nov

12%

128

•".'v——

6

128

163/g

—

10

50

16%

68

100

70%

350

9%
10%
107% 107 y2

9%
126

Oct

12%

2,850

__

8

9% :
__

——'

50
Pennsylvania RR capital
Peoples Gas Lt & Coke capital— —100
Potter Co
—1
(The) common
Steel

Car

23

'

42%

131

'

class

American

Cities

/;:/17%

Dec

33%

Jan

4%

Jan

10

98

74

Process

Corp

Quaker

Oats

(The)
Co

Jan

•

Rath

Packing common
Raytheon Mfg Co—
Common

(new)

i

Electric

Co

■

B

SchWitzer
Sears

Dec

200

33%

Jan.

45%

5%

69%

Jan

96 y2

Roebuck

Serrick

Corp

&

class B

•

—1

100

4% Aug

83/4

100

163A

Jan

24%

Common
South

'new

1,100

%

Dec

%

103

7

Spiegel
St

Inc

Louis

30%

July

CD

Standard

xl7% Aug

<N CO

Apr

30%

32 3A

560

26%

100

29%

30%

700

23'A

Jan

23

29%
__

25y2

200

183A

30

-

——50

Rolling Mill

Curtis
"

■

"

Gas

•"

.

pfd

'•

w-.-

*•

new.

Storkline

Oil

Pure

Timken

Bearing

capital—.

Texas

Corp

Trane

Co

capital-.,

(The)

Akron

American

39%

Nov

Jan

11 %
;•

193A

500

19%

1,200

30JA

31

203/4

21%

45

46

footnotes

41%

5%

14% Apr
14% Aug

500

tl93A Aug

1,200

12y2 Mar
26y4

270

6%

41%

42V4

22%

5-

...25

*

common—

see

page




3109.

,

Apr,

23»/2

20

19J/2

37%

3714

593/4
30

—

33%

Jan

50

21

—

—

3% Jan

1,200
1,100

9'%
23
23%

*

213a

Dec

29%

■zz

24 ;

26%

Apr

38

Nov

56%

50

40

Jan

56%

Dec

4%

4%

72

Dec

7%

Feb

4'A

'

\

54

513A
44'/a

234

11

200

10%

7

64%

435

55V'8 Mar

66Ya

Oct

'

20

3% Feb

6 %

Dec

A

A.

10

-

*

45

'

Mar

48

20

Z

55

Dec

52 Va

Dec

50

Apr

.

V

%36% Jan

Oct

4

Jan

»

3

Mar,

■

ay4

•

5

Z

Dec

;

11 Vi

Feb

Dec

(

11

.

Dec

»

6V2
31%

70

23 V*

Jan

32 Va

Dec

62%

40

45%

Jan

67 Va

Dec

35
51

36

36

14 y4

Jan

38

51 Vz

30

43

Jan

5134

Oct

15%

Jan

i

Dec

51%

%

-

273/B

28%

120

27%
27%

43
137

20%

10

11

345

4

30 Vi

•

.

■

\

"

Dec

30

Dec

Jan

29%

Dec

Jan

11%

Dec

18% Aug

53

110%

Dec

llOVa

72

74

355

62%

Jan

77%

Dec

22%

24

130

18%

Jun

24% Dec

60%

60%

63%

30

51%

Jan

64%

>

} j

Dec

72

110% 110%

Week's
Range

Bale Price

'

of Prices

-

Oct.

Brass Mig

a32% a32'A

—

Sales
for Week
Shares

Range Stat

High

Low

Par

-

^—_—-10

ieaaary 1

to*

tuih

22% Apr

40

34% Nov

.

—

8%

8%

200

6%

Jan

8%

Dec

—

50c

20

Basic

Nov

&

Body

5

—■1

Refractories

18%

18%

100

113/4

Apr

18%

Dec

a9 %

a9 Vb

10

5%

Jan

10

Dec

Jan

77

Dec

Jan

26% Nov

1

Jun

Clark

15

23%

Dec*

Cleveland

54%

Nov

Cliffs

a76."

a763A

40

a25% a25%

65

4'/a

Feb

200
50

16

Mar

Controller

19%

Cliffs Iron preferred—

50

80% Jan

101%

*

.—1

Corp common

101% 101%
27 * ;

7

__

263/4

'
:

Dec

Eaton Mfg

10V4

Dec

Firestone Tire

417

18

1

y4

103
'

Jan

Dec

29%

•

20 y4

50

14% Mar

a«2% a62%

50

49

Jan

•

25% Dec

'

•

«6% Get

'

a69% a69s/a

50

5 3 % Mar

70% Nov

i *

1—:

& Rubber

<~4
(Uit)——25

-

20% Nov

'

•''

1

1

13

Jan

23</a

Dec

General Electric

(Un)——

14

Apr

21%

Dec

General

Rubber

200

31

Apt

39% Nov

59%

100

49% Aug

60

Nov

31»/2

200

17

Jan

31%

Dec

x50%

52y2

480

363/4

Jan

52ya

51%

51%

100

25%

Jan

62%

1,600

14% Mar

273/4

Dec

12

May

19

Dec

Ihtrerlake

Jan

85

Dec

Interlake steamship

M

*■

Dec

%

Tire

Glidden Co common

Goodyear Tire

263/4

27%

1

18%

18%

19

79 Vi

79'A

81%

250

1,100

59%

i

t

Dec

Dec

44%

27V4

20%

5

46%
;

(Un)—

—5

100

-50

preferred,

—

46%

221

a4I% a43%

270

26

100

2o

.

36

36

a60% a60%

& Rubber eotomon__—*

Great Lakes Towing com——
Preferred
Bros

B4l%

—*

Halle

—

—

47

•

Dec

36%

.

-1

Brewing Ccrp of America^-

21%
-

Coach

1,800

•

u

—

Specialties

13% Jan

28

Commercial Bookbinding common—
—

—

6

U 8 Steel common

For

18
19
.

9y2

208 South La Salle Street Corp com—*

United

18y2
19y4

4—

10

United Air Line Trarnsp cap—
United Light & Rys

60

Dec

25

—

Z/

Last

Nov

Dec

5

common

20%

Friday

33%

5%

._1

—

Jun

Cleveland Slock Exchange

Jan

A 34%

10

Machine Tool common

Sep

40%

22TTa

——

Roller

Addresso-Multigraph

500

L———1

Co

Dec

1212

Z Z 28% Mar

62%

110%
.10

—

Dec

2,800

Dredge—

Sundscrand

95

10% Mar

10

26%
27%

Dec

10%

45

Swift &

Jan

45

'

Motors

ON

.

36y2

•

Corp common
Furn Corp common

78%

-ZV 40

6Va

10

31%

.

10y4

Stockyards capital

Stewart-Warner

Nov

62%

62%

25

,%•; STOCKS—

34%

———

Common

15 V4

10%

Service

l'

—:

Standard Oil of Ind capital—
Sterling Brewers Inc common

Jan

m

*

Jan

2%- Jan

763A

26%

t

5
—2

common

Nat

capital

8%

10%

44%

10

Dec

200

>10

lO'A

•

Works

484

Dec

107%

5%
103

36

—•

Lathe

Jun

Dec

*

—

Corp

Bend

109aa

Dec

%

/

Signode Steel Strap Co—
Sinclair Oil

Oct

Dec

24%
.

1

common

'

i

106%

Nov

8

%
5%

103

-

-j

capital—
Co new capital

Nov

30

Z

(

Dec

634

Nov

500

8

__50c

Cummins

Dec

13

nya

*

*

'

common

>

54

10

—

/•
Pangamo

543»

Jan

23A Mar

'

—10

——

93%

10

85

350

Dec

24%

91

24%

%
0

common.——

Dec

112

42%,;;'.

91

...

common

•

28%. Jan

100

'

Nov

11%

18 y8 Mar

*

———

'

51%
43%

V

•

Columbia Gas

Aug

Jan

50

23

'42%

■

common—;— ——1

Rights

—:

City Ice & Fuel—.

'

Pressed

f
i

,

Unlisted-

Dec

11

—.10

A

Nov

—

Preferred

Dec

—100

Switch

Dec

13

Dec

com

preferred

Penn

110

Mar

20%
29%

V

28

Oct

170
142

pfd— —100

common—

May

9

"?

170

common.————

Co

Pen

-

100
•

General
Parker

*

pfd—.

Playing Card
U 8 Printing
*

2%

7%

103

ZZ' 200

38%

/;

U S

Nov

122

1

Elec

&

Corp

10

13

56%

•

.

Z.

>'

Nov

"

100
common

2

Randall

Dec

28%

i

Nov

11%

*

,4

Procter & Gamble

%

1,150

27%

20

109

93

/

—

*

National Pumps
Preferred

?

Dec

Dec

17%

,1

22

•

Jan

63/4 Nov

Jan

6%

40

Insulation

Leonard

Nov

22%

Jan

17%

72%

44%

6

10

38%

Kroger

24%

2% Jan

:•

93

10

Art

Kahn

Dec

108% Aug
8 3/4 Apr

10% Jan

16%

50

Zw-'

1

Hobart class A

Nov

1

Nov

Dec

5%

2%

28

■

107 y2 107%
15
14%

—

11%

Hatfield

Dec

6%

50

22%

..100

Jelephone
;

13

-5-%

'-•/
Gibson

Dec

100
(

pfd

50

Dec

49

1

Electric

Corp

Formica

Dec

llVs Aug

100

common

Omnibus

373/4

3,600

*

prior lien pfd

Bush Shoe

Mfg

30

21%

20

common

preferred

Nunn

47%

&

49%-

12%

;

Eagle-Picher

May

66%

*

43/4 Mar

20%

-10

common

56

Jan

25

63/4

Corp common
Bancorp
common

Nor West Util

Jan

;

7%

13

17%

Illinois

Northwest

38%
.

49%

*

(Dan)

C.rosley

13

—5

—

.-/i"

19

Dec

*15

Feb

200

14

22

17;

common—2

Car

19

110% 110%

■

common—*

Standard

North

■

350

8%,

523/4

21%

.10

Co

&

National

100

common——1

Cooker

Pressure

65

common———*

Co

Co

National

30

5%

—:

Brewing

55

39
::

22

vtc

common

Chemical

Monroe

Jan

24%

—•

preferred

Minneapolis

7%

13%

5

—1
—*

com

capital

Inc

3,700

Gas

Cincinnati

v,

High

Jan

-I

i

—

Crank

Cincinnati Street

Nov

14 %

Ball

Cincinnati

Jun

16%

11%

13%

—;—100

—

Corp

39

13

common

%%-:, preferred

Jan

Jan

1

so

109
—

u'

''

—

Cincinnati

Dec

6%

47%

'

1

common—

MlckelbeVry's Food Prod

5

v

12%

8%

Lindsay

Material

Dec

170

-7

Lincoln

Line

5

Dec

3,550

65

McNeil & Libby common—
Printing Co common
Light & Chemical com

LibD>

13%

16%

17

preferred

100

,-7

55

common.

Low

1%

19

100

'

Churngold

Oct

34

.5

common

Range Since.

High

1%

—

>*

Cohen

Kimberly Clark common—JL—-

Low

Burger Brewing

Oct

37

253/4 Aug
6% Jan

15%

.60

Shares

-/. v

*

Dec

183/4

Jan

32%

16%

,

Kellogg Switchboard common
Kentucky Utll jr cum pfd

La

5

7%

13%

Powey $6 pfd——.——*

"Drug Co

for Week

•

Preferred

Sep

Dec

Products

Baldwin

Dec

22%

10
600

American

Champion Paper & Fibre,
Brick

Illinois

Sales

Range
of Prices

Par

Dec

40

22%

common

Week's

Last

Sale Price

;

:

Dec

19%

Friday
stocks—

Dec

17

Cincinnati Stock Exchange

Dec

21%

19%

19%

—

20

17

Parts

(Geo)

Dec

20%

—

cap—

common—

Houdallle-Hershey

*

—

com

G

Co

Motor

Inc

Hormel

Dk

Corp

Brew

Werner

Horders

&

Dr

Harnischfeger
Helleman

common

62

1,000

79

Iron

(Un)—

(Un)

46

Sep
Dec

39

!{

Get

38

48

July

32

20

31

Dec

79

132

7511

Dec

90

Feb

54

54

400

52

Jan

55

.May

'

^

Dec
Industrial Rayon

Jan
J-h

79

32

100

-

%

a66% a66%
143/a

43

39%

143/8

43

8%

100

33

Jaa

Mar
Jan

63% Get
45

69-

Feb

Dec

14% Dec
45

Dec

v

! *

.Volume

THE COMMERCIAL &

Number 4449

162

FINANCIAL CHRONICLE

OTHER STOCK EXCHANGES
FOR WEEK ENDING DECEMBER 21

RANGE

Week's

Friday

Sales

,

Last

777^'f'"1 stocks—

Range

for Week

Sale Price

'

of Prices

Shares

Range Since January 1

Direct

Wire

Private

High

Low

High

Low

i

Allen &

to

Co., New York

■

Laughlin——

Jones <&
i

Island

Kelley

Acme

National

J

Corp

15%'

795

13 y4 Mar

17 ya

Jun

7l/a

Jan

15

1,304.:

40

Jan

40

Nov
Dec

215

'%

.

4 %

Jan

19

50

19

20 Vb

Jan

37%

Jan

7

Oct

21%

Jan

22%

Jan

375

a35% a35%

Republic

Steel

Richman

:

20

33%

Member Los

16 V8

Aug

23%

Dec

18%

Jan

34 y2

Nov

16%

Jan

24%

30V2

250

14%

Jan

30%

Dec

a30

a31V4

205

19 Va

Jan

33 %

Dec

537

39% Mar

56 %

Dec

24%

72**

'

54

West 7th Street—LOS ANGELES

2IO

"(Un)_—;

a24% a24%
a577/o a58y0

10

Steel

S

—

58%

Jai%
18% Jan"

'

Dec

Oct

29 Vb

27%

27%

213

12%

13

395

7: 7%

Jan

13

2%

Feb

7

——1

>a39% a39%

18

26 %.

Jan

47 Va

Dec

a65% a67%

105

39 y8

Jan

70%

Dec

'

•

Low

•

35%

Preferred

:

Low

High
35%

33%

Creameries

of

_»

-

America.

30%

Nov

31

21%

22

Nov

Jan

27

Nov

71

1,251

Jan

94 y4

Oct

33%

Sep

17%

Dec

115

Dec

-

•

Douglas

f,

Aircraft

Dresser

i;

Industries

Co

a29%

4

a

1

17%

7'

92V2C

1.05

.Farmers & Merchants Nat'l Bank— -100

V.7 375

375

375

Radio—

X

18

17%

18

A

1

7%

7%

8%

74 %

74%

Exeter

Oil

Ltd

Co

class

A

1.05

Jan

30c

13,100

350

f

*

-v

:

r

-

•"

"

"r

'

-

x

.

1'

'

,

'c\"

*\

7

.

.

class

Stores

Motors Corp common
General Paint Corp common——

y

YGoodyear Tire

Holly

j
V

t.

>

t

&

/■' General

t v

Rubber Co

&

—10

•'

Lincoln

_10c

1.30

_10c

Intercoast Petroleum Corp-

7

l'~

♦

'

111

Vi :

.

1

'

r

v

%f> I 1

'

' '

V

<

"

ti

1,

'i

'

f

S•

•" '*

Telephone f Randolph 5530

'

7-

<

I

r

t

•

' 1

'

7 -

'•

'

j

1 '

' '

.

Lockheed Aircraft Corp

5

t

v

1.40

Mascot

Oil

i

Menasco

7

Merchants

Manufacturing

Detroit Stock Exchange
Week's

Sales

Range

for Week

of Prices

Shares

Friday
Last

.

..

.

Sale Price

MOCKS—

.7

Oil

Oceanic
Pacific

High

Lew

Hioh

Low

Par

Electric

Allen

Rubber

Brown,

McLaren

Consolidated

Paper

Continental
Detroit

22%

22%

_x

17 y2

is y2

7'

Jan

120

20%

Jan

18

23

V j *'

'i;

"

19%

Jan

8%

Dec

8%

9ya

2,675

5y2

Oct

9%

3,097

2iy4

Jan

25l/a

4%

'

470

i%

Jan

5%

Dec

23%

24%

322

15%

Jan

25%

Dec

15%

15%

100

9% Mar

17%

Dec

6lA

1,750

Apr

6%

Dec

575

7% Mar.

14%
14

Dec

Corp——_—— .-•—2

Motor

——

•

Truck—.—

5

~L~—1

6%

Wood [industries-.——-s-J— 3

12%

1
common———.—-—10

13%

12%
14 &

71%

73%

1

6%

Brewing

Finance
Motors

—,

...

common-

Brewing

Goebel

Graham-Palae

Grand

Car—

Motor

X

Oct

1

Wines

4 Va

.

Security

Trading

Signal

!

•

-

r;

j

j

I
i

vicCIanahan Oil common——.

i—

Michigan. Die Casting-.
Mid-West. Abrasives -

27% Aug

23%

Jan

22%

110

16%

Jan

25

30%

500

15 Va

Jan

Oil

Packard Motor Car common
7 Park Chemical Co

li

31%

Prudential

May

:

325

6

">

100

3%

9%

Investing

Jan

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4 y4

Dec

185

26% Mar

35 y2

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U

S

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1

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common

common—1

Aircraft

Products

33.826

Jan

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.

>

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2

700

19%

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110

13 Vb
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Dec

5

Dec

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Jan

Feb

Dec

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Dec

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Jan

12

6%

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Dec

Dec

13%

Corporation—

Milling

Taylor

25

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i

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)

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Oil

California

ol

Consolidated

205

6%

Jan

18

Nov

209

34%

Jan

46

Nov

58%

777 135

48%

Jan

60

9%

3,600

5%

Jan

10%

:

1.75

Dec

Oct ;

Dec

60c

600

33c

Mar

77 %c

Dec

17%

770

10%

Jan

18%

Nov

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4%

200

%

Jan

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9%

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1,225

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•

100
850
125

.

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:

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Blue

Oil

Corp
Stores

Inc

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2

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common—*

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Mining Stocks—
Alaska

Aircraft Co—

see

7c

Oct

55%

Jun

Dec

18c

Jan

Nov

25c

19%

9,022

.

-

30c

Dec

21

14% Aug

694

Dec

11

Jan

36 Va

749

26%

Jan

36%

Nov

31%

32

7-77 898

30%

Jan

32%

Nov

30

Mar

31%

41%

41%

*

-

50

596J

31%

30%

30%

-b

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949

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8%

28%

29%

Nov

39

Jan

49%

Dec

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Sep

15

Jan

29%

Dec
Dec

7777-650

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•

327

20%

22%
a 70%

26%

221/4

22%

V''

1,010
200

Dec

10% Mar
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i

"

100

227/b

Feb

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7

-

9

28

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25%

20%

Dec 7

62

■

48%

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29 y4

41%

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-

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Nov

39%

123
560

59

Dec

39

V

:y-

58

Dec

21%
7

Jan

27

Dec

15%
16%

Jan

28

Mar

Jan

■

38%

Sep

a36% a38%

Nov

Gold

"

Mng

Co—
Co

Mng

Imperial Development Co

Dec

Dec

Amer Had & Stan San Corp

V/a

Dec

American

9%

Nov

5.000

7c

Jan

19c

1,000

lC

July

25c

8,165

2c

Sep

20c

Nov

7c

3,000

2c

May

10c

Nov

18%

205

12c

12c

19c

19c

12c

17c

6%c

25c

Ltd

Jan

6%

400

9

8%

10
10c
—10c
1

Co_
Co

*

'■

H
„

Nov

Dec

Dec

Jan

Unlisted

•

Jun

16
8

Dec

T

Aviation

15

.

>•

Dec
Dec

9y2 Dec

18% Dec

.

.4%- Jan -■
17
Dec37
Jan
•
61
Dec
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10% Dec

4% Mar

a63% a63%

Co

AT&SFRy Co
Atlantic Refining Co

!

100
25
3

—

Corporation

Barnsdall

Oil

Co

—

Bethlehem Steel Corp—
Borden

Co

Service

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;

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6

:

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.

5%

V

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4%
6 y4

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7,097

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1,274
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25

Continental

Oil

Oct
Dec

a

5%

Dec

Crown

Dec
Dec

Curtiss-Wright Corp
—
Class A
L———_—

1% Mar

V

6l/e
8

Dec

1%

Jan

7% Nov

—o

a39s8 a39%
1.12
112
6%
:
6
6%
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page




3109.

5
90-.

a 17

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100

25

Aug

33%

Dec

400

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Jan

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Feb

190

68 %

Jan

94%

30%

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Jan

31%

Dec

34%

Jan

38 Va

Jun

80

39%

Apr

18

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Jan

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77

Jan
Mar

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Aug

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94

Jan

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32

Dec
Oct
Nov

Dec
Oct

Feb

4%

Nov

33%

174

18

Jan

33%

Dec

18

640

9

Jan

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Dec

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32

Sep

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105

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Mar

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Nov

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9

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260

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Jan

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Jan

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Nov

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1,060

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Jan

12% Aug

a58y4 a59%

108

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Jan

62 y2

Dec

9%

Jan

14%

Dec

30

Jan

38 y4

Dec

18%

Jan

32%

Dec

Dec

General

Goodrich

Dec

Foods

(B

Great

Corp^

F)

r-*--a

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10

Motors Corp.
Ry Co pfd

Northern

9%

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71'«

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Dec

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Iron

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137%

.

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Dec

120

48%

Oct
Jun

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V :

39%
20 Va

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General Electric Go__:—

49%
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Oct

25

70

30%
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Corp———-

5%

23

22

a43%

5

Electric Bond & 'Share Co__

38 y4

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24% Feb

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80

286

9%

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22

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-

Dec

Jan

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.

1

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—:

1

Apr

Dec

112

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jr

Corp.—-.

(Del)——

Co

Nov

15

Jan

39%

*

Aug

3%

2,847
>

High

Aircraft

Vultee

49

Jan

32% May

Corp.

Continental Motors Corp

Jan.

6%

77%

55

A,,9%

Company——25

Southern

17%

3.600.,

i.r::,' 495

7%
46 y2

;

Edison
&

29 y4

60

10
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685

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.'
7
5%

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High

4458

—

7%
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85c

Co

&

Gas

Commonwealth

Range Sine# January 1

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Tractor

Jun

69 Vs

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:

25
25

Co

Dec

Nov

13

a487/a a49%

Railway Co

Pacific

I)

(J

Jun

19«

50%
196

44

*15

—

50%

50

Jan
Feb

13

—

—i

r,

44

Corp

Borg-Warner

:

Jan

161

105% a 105% al08%

—

a

-

Boeing Airplane Co

Commonwealth

Shares

487

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13
5
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Baldwin Locomotive

12

47%

100

al87 a 191%

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106
1*
50
5

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Copper Mining Co
Co (111)

&

Armour

18%

•

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Viscose. Corp

Anacenda

Dec
7Ya Dec

Ref

&

& Tel

Tel

U

Jan

9% Apr

Stocks—

Smelt

American

for Week

a40% a40%

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4c

27%

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10

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Mines

Gold

Calumet

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Juneau

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4,200

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20% Aug
41% Jan

:•

Dec

5%

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,.

990

of Prices

Low

——0

California Packing Corp com

Investment

53

22c

3

25

65

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:

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7

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53
11c

—

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3% Jam
5%Mar

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v

Week's

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—

common—

Berkey & Gay Furniture
Diamond
Corp

•

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Jan

Jan
3
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2%.

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Fuel

Oct

80c

700

207,000

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34

7

250

,

■

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Petroleum

Colorado

Apr

70c
1.65

55c

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Transcontinental & West Air Inc.

':';"6%

.12% Feb

400

9%
:

61; .61
61
:;: v 4% ;v ' 4V4 1
4%;

Par

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Nov

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29c'

Dec

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475

6%

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Last

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Dec

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of

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stocks—

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Jan

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7

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2,450

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Dec

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Friday

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25,900

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:

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2%

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s

875

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4;

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Sep

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•

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4.

Columbia

Chice

55c

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1.600

9

Jan

Feb

15%

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1.19

'

9

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Corporation————

Sunray Oil

Case

Barker

210

37c

f7":

(Cal)—

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Canadian

Bandini

Dec

9V8

1.45
30c

16 y8

25c

Edison Co Ltd

Pacific

southern
Standard

Cardinal

250

29

5%

■

l....v.-» A*.
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2%

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Distributors—j———*

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Wayne

814

5,200

Dec

4ya

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1

Preferred

4

*

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Warner

10.100 "

55c

58%

:::5o

——

class B
preferred C__

Calif Gas

Dec

Jan

28

Udylite Co
Shirt

Dec

8%

60c

"

Brewing

United

7%

iy4

19%

Pattern common
—1
Standard Tube B common—.wl

United

4% J Jan
5% Mar

6,060

4%

Simplicity

Tivoli

411
200

3%

6%

-1

•

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Dec

9

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i
1
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.

(H

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preferred

6%
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Dec

7%

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River Raisin Paper.
Rickel

1.20

—

Corn—

Calif

7' 5%%

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3%*

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Products.

Metal

Peninsular

Aug

'

Oct

*

.

common

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baj-Ker

1,400

—_r_,

Corp

Aircraft

Southern

«

34 y4 May

31%

i

common^_i_--__;^i.4---^l0

Murray Corp

Dec

1.05

j,/'

———.

Petroleum Co

Solar

1

Dec

■3%

.1'

Products———.

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41%

1.50

——_—

Sierra

12% Aug

150

24%

$
•= -8%
8%
8%-

&. Machine—--.——1
L-——2

Lakey Foundry
Labaile

Jan

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1

Inc
Company

Universal

Masco

19%

50c

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'

Stores,

Safeway

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00-^----^—u-w—:_-10v

By

(S

Kresge

184

•

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—,——

Dec

7%

Jan

29%

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75%

.

Jan

1%

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Kingston Products
Kinsel Drug

Jan
:;Jan.

5%

& Mfg_———

Hurd Lock

655

b'lO

24%

—

Jan

62%

1,196
550

Honda ille-Hershey. common
Hudson

7

1,240

3%

3%

1
-10

Ball & Bearing

V

7 Va'

;10v.:7 10%

1

common——

Valley Brewing-———-

■Hoover

Dec

41%

41%

:>-:r

common— —1

Aeronautical Co

Ryan

Sinclair

General

1.50

40c

Dee

Iron

Steel

General

Corp

Warrants

Dec

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Oil

Richfield

y

Dec

25%

Jan

55c

.

24%

Gray

Gar

7" ■'•'7\

:

Republic Petroleum Co

May

a

—25

common

Dec

9c

70c

Dec
Nov

20

Detroit

!

Elec

&

Jun

7%

„

common

Dec

10

Federal

Frankenmuth

4%

Navigation

Edison

Detroit

•,

Products——

Clay
Gas

Lighting Ccrp

Dec

25c

45c

37c

I

1

Pacific

Dec

1.75

3,200

1.10

^

Pacific

Nov

9%

5,100

1

Corp

27%

2.175

7.

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1-'

—

7

Dec

14

360

.

16 %

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::„:io

———_

Jan

1% May

2,150

20

Dec

5

July

common--

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&

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common—.;

Motois

2

10%

300

;

3%

3%
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Machine

Adding

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1

—

16

15 Vt

l

3,500

4%

4%

1

.——;—

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•

Co

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Petroleum

Occidental

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15% July
3% Jan

30c

7r'7>

1

Ltd

Corporation,

Nordon

Dec

1.45

50c

1

77 Northrop Aircraft

2.00

29c

8

1

Mng & Dev Co

Mt Diablo Oil,

Oct

Apr

1.40

7

;:777i7rf?

1

—

——

Corp—

Pictures

Monogram

|
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Co

Co

Petroleum

Dec
Nov

75 c

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22

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50% July

3,100

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DETROIT

Building

1.90

Feb

Dec

10

Jan

12%

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214

7 1.60

30c

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:

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608
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1.90

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20%

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500

Nov

700

Jan

42g .

7. a22% a22 %

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1

Hupp Motor Car Corp

A

■

•

_

Chicago Stock; Exchange

.

-

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com.

Co——

Development

Hunt Foods Inc

New York Curb -Associate

Detroit Stock Exchange
••

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1

Stock Exchange

York

New

'

^

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%

•

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WATLING, Lerchen & Co.

.

Fitzsimmons

Television

7

Dec

13

80
........

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,

12% Mar

825

17%

Jun

27%

54

29% a29%

';■■■

:

5'

a96% a96%

lioc

(new)

Electrical Products Corp..

i

-i

High

38%

Jan

10%

12Q ....

30%

Aug

26%

1,080
,

.

16%
•

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Inc

Range Since January 1

Shares

.

J

TRinily 4121

Sales,

of Prices

Par

*

Consolidated Steel Corp

7 Dec

5%

5% '

Sheet & Tube common—*

Motor

Youngstown

"'i;f 1 : ' '*/ '>!*'•

7;.-7

:

7.

—

for Week

Last

Dec

100

—

White

Oct
Nov

85%

July

45

419

a79% a817/8

*
Van Dorn Iron Works——
i—-*
Vlchek Tool
i
♦
Warren Refining A Chemical———2
U

27
66 y2

19% Aug

150

*

Inc^

Products,

Thompson

10

Ohio-.

Week's

Friday
Sale Price

STOCKS—

f

of.

Unlisted Issues

_

Dec

29

34

<

53%

Oil

flNDFZ0lKT"sflGE
listed

Nov

150

250

22%

34

Bros

Standard

COMPLETE INVESTMENT

I

Angeles Stock Exchange

Dec

37

-

24%

21%

(Un)__.

(

^

FAIRMAN & CO.

Dec

2

.

1,065

5%

—

Dec

23ya

640

14%

'/a

__—______

Reliance Electric

)
!

Nov

a31% a34

(Un)_

Patterson-Sargent.

.

46%

5%

(Un)_.

Oil

Jan

18%

class B—

Brass

Ohio

Packer

.

27 Va

a33% a33%

—

Central RR

Y

Ohio

|;

14

Tile

N

325

14%

Brick com,.

Paving

Metropolitan
National
i

41

:

38

Cement———

Portland

Medusa

T——--.I—.,.

&

L

Sessions.—

Lamson Ac

.

#L

Apr

Nickel

Co of Canada———

International

Tel

&

Tel

Corp.—_

:
a 29%

al3 al3%

210

a36% a38%

90

a29%a30y4

142

THE COMMERCIAL &

3104

FINANCIAL CHRONICLE

Monday, December 24, 1945

OTHER STOCK EXCHANGES
FOR'WEEK

RANGE

Friday

Week'i

Last

Range

Llbby

12

345

a33% a335/8

*

215

'

"His

I
McKesson & Robbins, Inc.—
Montgomery Ward & Co, Inc—,

Oil

Company

-.10

Inc

Pullman

Oil Co

Brands,

Swift

Aug

23%

Jan

12

Dec

52%

1,175

52%

Dec

a3G%

a36% a37%
23%

Jan

19%
32%

Dec

Oct

39%

Aircraft

United

Corporation

Nov

U

Co—*_—

460
25

Wooiworth

42%
68 Va

Nov

Jan

21%

a38

a50

31% Mar

5314

__

-12%

a49%

10

1%

30%

82 Va

Apr

35%

Jan

51%

Last

Low

25

32%

Dec

.———,i——10
Brewing———
1

11%

11%

37

12

Dec

Pitt

Walker Refractories.....

Star

-

Oil

& Gas

Pub

Curtis

Power &

Delaware

157%

Jan

100

16%

Jan

22%

Steel

Standard

.1—50

27%

-

;

'

,

24%

Aug

.35'
%

kmv

Jan

21%
21-1.

Jan

24%

_.

y

..

16%

Jan

24%

43%

Aug

55%

Jan

77%

49%

4.4'»

Power 8%

Elec

Phila

—

2,416
10

10%

12%

Jan

3Ta

425

6%

Jan

pfd__

7%

Jan

14%

.

3%

3,050

Dec

4%

American

Nov

Bank

Dec

Dr

Pepper

2,941

5%

Jan

8%

Nov

3,380

32%

Jan

46%

Nov

Falstaff

Griesedieck-West.

37% Mar

263

43%

44Tb

27%

28

2,809

31

49%

29%

Nov

494

20%

119%

62

116%

31%

504

28/

313s

Nov

Oct

27% May

31

Dec

122

Jun

33

Dec

Shoe

Johansen

common.!

110

19 %

Jan

29 V8 Mar

46 Vb

65

36%

Jan

46%

Dec

3—...

common-

Brew

26%

75

15%

Jan

28%

Dec

Lac'ede-Christy

10 Va

398

6 Va

Aug

10%

Jan

Laclede

25%
9

:

Corp

Invest

$3

__«>

.

r

';

1%

421b

Feb

61%

Nov

National

293

57%

Jan

73

Nov

Rice-Stix

50

50

I

1%'

I.

4

4

4%

"•
...

4%

48 Vi

'X2;

20 y4

Dec

1%

Jan

250
333

Dec

6

Nov

45

,v 34

Dec

104

Jan
27% Mar

*36%

198

'

;

31»/4 Aug

37% May

Dec

.•%'//—
Missouri

V

:

.

CEntral 7600
Bell Teletype SL 593

-

Apr

2%

Nov

Jan

4%

Nov

Securities

1,077

1 %

Jan

5%

Dec

Stix,

30

38%

Jan

Aug

52

49 Va

/,

50% Nov

CANADIAN

Shares

Range Since January 1

9

-

8

.

••••'■■

7%

Jan

4

Jan

8

Dec

70

8

July

10

Mar

22%

37

37

io

26

•r'Y)

25

26

165

16

56

/

56

56

170

34

40%

Jun

—

2G\

Dec

Mar

57)

Nov

60

14%

Jan

"23

65

100

47%

Jan

66

43

30

39 V8

Feb

45%

5

5

'23
'

'Y

65

...

Inv

Baer

Nov

Oct

6

Nov

20

3% July

Dec

Dec

//.'

380

8

Feb

16

25

445

9%

Jan

25

Dec

24

: 25

Dec

26

'

150

14%

24

.3.33

19%

14

17

17

* .'

27

32'/a

33 V2

41%

,* ",.y

41%

62

62

V"

90

17%

Jan

128

17%

Jan

29%

Nov

210

-

v-

Jan

20

Aug

35

Nov

19

Jan

60
552
3
77

71

;

Dec

41%

Dec

62

27% Feb
"105 Va Mar

Nov

106%

Nov

83

Mar

100

common

common

80

80

"

1——

Fuller

&

15

19 Va

common.—.

common—;

Wagner Electric

'

■

Nov

14

Inc common..——.IIII5

Preferred

Dec

Apr

Y

43

23

0

—.25

common—

Goods

Oct

14%

150

145"

13%

7Va

High

Low

High

9

Nov

%

42

Sales
for Week

103% 103 %

ITe

20

-V

Exchange

of Prices

•

com—.—.5
—.20
...

Prod

common—

(V B)

218

1%

3%,

Clay

Dry

2,096

•

'

•

common

Jan

Range

13%

13%

...—...

Candy

108

71Tb

3%

preferred

Dec

9%

Week's

I__Il

Portland Cement com

54%

69 Va

•

'

-'

25

.....——

Corp

•

common.:— Illio

Preferred
United

*1*2

Steel

Scruggs

Tacony-Palmyra Bridge:—
Class A participating
Transit

"

20%

120

Louis 2,

:

a

52%

.52%
'

Dec

65c

Sep

•

> Last

..."

Shoe common.—...

(S S)

Johnson

Mo
0

1

Ill li

com..—:

common.—..

Key Co common

0

2%

Jan

Phone

10

common...:

26 %

_

Mar

7%

,'vYv

Y

45%

common—

Dec

Dec

I

5c

■"

M

25%

Paper

■

.

International

26 l/a

Oil

1871

St.

3

—.5

(S & D)

Huttig

50

Scott

10

.

50

Corp.——„—. — —1 '

—_ —

*...

2nd

Sun

St.,

Low

_»

Reading

—

12'/a

Exchange Associate

Hyde Park Brewing common...——.10
•
Shoe common

Nov

Jan

21

Brewing

44% Dec

Oil

40%

Jan

'

Sale Price ;

common

8%

32% Mar

Dome

Dec

Jan
Jan

36%

Exchange

Electric Co

214

Motors

Nov

90c

Chicago Board of Trade

Curb

York

Equipt

BIdg.

Century

42

Salt

Stock

common—1.

Inv

44%

7%

1

Nov

170

5%

35%

4%

Dec

5%
160 y4

900

V

43 %

Par

40%

Reo

5%

6%

Jan '

Nov

Jan

172,002

36%

8T0CKS-

41%

Co common
preferred

I'

2%

43

39%

75
185

19

Friday

3

Corp

Philco

145

20%

35%

2 %

118%

) V?:

65c

17%

%

55c

60

7%

2%

Dec

'

11%

40c

'

27 '/a

45c

580

-

40%

20%

7% Nov.

Jan

'

17% Jun

•

4'/^

42

31%

5%

20%

45c

;

21

584

•r';

160'/s

SI. Louis Stock

;;17%- Dec

2.786

13 V4

119

25

Jan

100

Dec

905

16%

«

:

—100

1%

7%

:

12%

28%

common

preferred

% 1,777

10%

Nov

>

43%

0

preference

$1

New

Dec

Jan

248

52%
74%

45%

27'%

Philadelphia Electric Co common.

Jun

Louis Stock Exchange

Nov

62

21%

8 Vb

»

12%

Nov

42%

50

Manufacturing—

Salt

Feb

Oct

1,557

St.

■

Chicago Stock Exch.
•

23%

York

New

.

Dec

-

'

Penna

9%

39%

4th

North

Members

Dec

10 V2

158

24%

10

1

Dec

534

•;

300

Dec

10 Va

.,50

140 Va

p

50

Corp

Pennsylvania RR

Nov

16 V*

Dec

Jan

71%

—

27%

Jan

Edward D. Jones & Co.

Nov

Jan

10 Va

_....

Pennroad

1963s

9%

'

—

Rights

V

92%

50%

x

Jan

10%

'

Air Brake

S

410

15%

•

& Light.

Power

National

5%

Nov

208

/>-Y/Y;. Y 45%,

RR_———

Lehigh Valley

Dec

18%

55c

160

-

High
27%

22%

Si

Lehigh Coal & Navigation—

11%

25
809

-

27

•

45c

1

Steel

Alloys

Westinghouse

133%

72% :

.

995

7%

6%

~5%

7% May
5'/4 Apr

Nov

11%

27

1

Springs—

Glass common—

United States

Dec

22 Ta

j.

50%

Illio

Brothers

Gimbel

"r-

Co——.:——1

Vanadium

21 Vi

124

V 2__

•

_

—
—-

21%

22%

462

34%

19 Vb

""YY'

■.

,

Light—__—. .13%

Motors..:

24%

32%

124

—

Battery—

Storage

Electric
General

845

I,

•

common

16 y8

11

Toy Mining—.—
1
OH & Gas common....— 1

50%

Jan

21%

—.—

Co

17%

33%

■

5

Chrysler Corp

26%

16

—5

—

■■

_•

——

11%

26%
16

Brewing common....... —*
Plate Glass—.....
25
common
——.—..10

25 % July

Low
477

24%

Works v t c —13

Budd Wheel Co

2 9 Vb

*

10

—

Fuel

Range Since January 1

Shares

26%

186% 191%

186%

Mfg Co common—.

G)

(E

—

—.—

Baldwin Locomotive
Budd

1

Gas.

Established

*
American Tel & Tel
100
Autocar Company common......—_5c

AmAvVcan Stores

Steel

;

St. Louis Listed and Unlisted Securities

High

25%

25%

Aug

Sales

2. of Prices

Sale Price

-'/..Par

3%

Jan

'

•

1 % Mar

Dec

for Week

Range

„

Dec

Jan

Westinghouse Electric Corp com—12%

Week's

Friday

11%

18 y4

San

37 % May

Jan

Dec

Jan

20 y4

Nov

41

50

25 Va

52

Shamrock

Apr

Jan

1,553

Renner

Dec

17 Va

210

2%

2%

42%

13

32 %

New

Dec

317a July

25

4 %

Corp

Pittsburgh Screw & Bolt Corp——.—
Pittsburgh Steel Foundry common....*

Oct

Jan

44%

100

a49 a49%

68%

59 Va

...

235

Nov

5

Jan

11

High

,

Jan

25

Commercial

Pittsburgh

Dec

13%

505

,*

23%

305

31%

Philadelphia Stock Exchange
STOCKS—

22%

28%

25

Ohio

40% Aug
34%

58% May

io
655

452

i

Aug

770
/'■■

'

'

127

Jan
Feb

77

10'/a

Supsly.—_———10
National Fireproofing Corp—...
•
National Radiator
10

Oct

27%' Sep

,s

a21%

98

33%

35%
36
a21% a2114

Y 35%

1

Apr

Low

38%

22%

:A

.———

Range Since January 1

High

38

—5

Mountain

Nov

117%

a51% a 52%

;

„

—

Co—
Inc—

22%

200

,

a80

30%

..

Jan

84%

30
;

4%

4%

5

Low

Nov

110

53 %

a80

»

Par-

—•

Pittsburgh

a34% a35%

a80

51%

17%

54 '

a.67% a67%

—•

Shares

& Electric common—•

Gas

Harbison

Oct

Jan

Sales

-

for Week

Brewing

Lone

Dec

59

39% Mar

••V-: 72
199

a50

38%

49 %

87

229

Exchange

of Prices

Dec

\__

——

Nov

com—1
Oil A——10;

Fort

Nov

33%

a58Va a59%

a34%

25 %

.

Follansbee

Dec

Jan

&37%

—10

(P W)

Company

Jan

Jan

'

Motors

35%

Jan

35%
57%
181a

al37% al37% al42l/a

5

(Del.)

Dec

Jan

Duquesne

Jun

11%

a99% a99%

.

41%

13%

Devonian

Dec

120

&22Yb

10

Jan

Range

Nov

250

a99%

Warner

Willys-Overland

18%
67%

'

'

-

Bros Pictures Inc
Western Union Tel Co A

Jan
Jan

29%

25

X 160
50

Co

Continental

'

a21% a22y8

—100

———_—

Westinghouse Elec & Mfg

Y'/

13%
34'/a

30%

.10

Corp-—

Steel

S

36%

1.141

1714

a50

Corp

Co

Rubber

Columbia

Dec

Jan

al9% a20%

a38

Inc.———

United

■

Ludlum Steel

Allegheny

Blaw-Knox.

10 Va

a65% a66%

a59Vb

30%

SaJe Price

STOCKS—

Dec

30%

.25

Pacific Railroad Co
Lines,

24%

Jan

19%

III

Carbide & Carbon Corp.
Air

171/2

"270

a47 % a47%

.25

100

Week's

Oct

1,584

36 %

19%

Dec

39

Friday

Dec

64

48% Mar

18 Va

16%

C41% a42%

a

23

Last

Dec

36%

Mar

26

305

17 y8-

*

Union

United

45

Jan

a29% a307/a

a65%

Oct

Stock
/.

,

'

Union

S

33%

260

*

U

28% Mar

65

61

36

Oil

Water Assoc

Tide

22

275

a42 % a4214

.25

18%

Dec

5%

a56% a58 VB

——

Sulphur

Gulf

16%

2,150

15

Co——-•■ —-

Texas

131

li

a42%

.25

10

Dec
Dec

17

Co——-

&

Texas

15%
31

io

,—

1,152

23 y4

39

—20

——

High

23%

23%

Dec

Jan

Jan

a21% a22 %

a30%

(Ind)——
(N J)—
& Webster, Inc
—
Corp

33%

9%

■-

Oil Co

Studebaker

Jan

Coal

Low

23

—_—10

Inc.—.—

Range Since January I

His>

Low

23%

Dec

19%

23%

Standard Oil Co
Stone

75

68

61

Inc

.

Jan

a29

-50%

—

Shares

Nov

a27%

_.y

.

__1

Republic Steel Corp
«.
Sears Roebuck & Co (new)—.

Standard

41 %

460

1G%

Socony-Vacuum Oil Co
Southern Railway Co—,
Standard

Nov

1,550

.25

of America

Corp

Radio

Westmoreland

13%

.50

—

.

Dec

48'%

-—

—

35

a74
33%

&21%

Pennsylvania Railroad Co
Phelps Dodge Corp
pure

/

——.

Car Co.—..
Pictures, Inc.

Paramount

Westmoreland

39

270

for Week

^13%

United Gas Improvemeht.

Dec

32

Motor

Packard

Dec

13%

25 y2 July

58*

-

50%

Jan

13%

1

American Aviation Inc..
North American Co——■—,

North

Ohio

a71%

a 71%

RR—T_.

Central

York

New

a38% a39%

7%

Range
of Prices

Par

High

35% JVIar

490

12

....

Low

48%

Sales

Last

High

48%

Kennecott Copper Corp.—_—

Week's

Friday
Sale Price

STOCKS—

Range since January 1

Shares

of Prices
Low

Par

Libby. McNeill &
Loew's. Inc —

-

for Week

Sale Price

STOCKS—

DECEMBER 21

ENDING

Sales

32

32

30

31%

32

100

13

Jan

34

Dec

47

47

375

*35

Jan

49

Nov

10
15

47

25

Dec

32%

Jan

LISTED MARKETS

Quotations for Friday, December 21
Week's

Friday
Last

Toronto Stock
Canadian

Exchange
Week's

Last

Range
of Prices

Shares

.

STOCKS—

Par

Abitibl Power

&

6%

7%

preferred

Paper

common

preferred

Acadia-Atlantic
Preferred
Acme

AJax

Mdermsc

175

•

gnu,

common

—100

oil

&

&

Aluminum

Anglo

of

Canadian

Aquarius
Area

pfd

Corp.

4Va%

conv

Gold

common

preference

fnoftmfps

Athona
Atlas

Dec

Aubelle Mines

Jan

17

Aug

104

60

20%

99

Sep

104

7%c

Jan

14 %c Aug

1.25 Mar

7%c

10c

180.100

7TaC July

Nov

4.77

Dec

Mines

—

—

'2

llCrff*




n1f)Q

28c

Aug

62c

Nov

9c

9%c

2,500

e%c

Veb

2ic

Mar

72 %c

84c

230,900

15c

July

3Jc

34c

29,900

31c

Dec

59c

43c

5.500

40c

50c

59c

115,000

35c

1.12

1.27

38,050

74c

42c

42c

33.100

38c

Dec

43c

Dec

19%

530

14%

Feb

21

Dec

Bank

130

225

95

Feb

134

1

51 Vac

1C6

1.10

107

55

1.18

17.100

9.50

10 Va

1.003

20C

20c

5.000

.—1

17 %C

Jan

1.30

Nov

Jan

11 Va

Dec

Dec

32c

20c

8,600

58c

Sep

3,COO

16c

May

1.356

99

285

1,240

Nova

9%
99

1.75

,

Base Metals

Mines-

-10

21'%

B

—

Bear

16%

Apr

21%

Dec

250

26% May

31%

Dec

19c

5,300

12 %C May

19c

18c

Dec

Dec

Class B

24 VaC Mar
"•

20%

70

14

Jan

6 Va

170

3

Apr

7

Dec

Jun

2.35

Feb

1.22

Nov

class A

—

—

Yellowknife

;

39

12,393

1.24

Oct

1.90 May

39

39

90

29%

Feb

40 Va July

29

Bros

Beaulieu

Nov

22 %cApr

19%

1.35

2%

63c

Jan

6

—

1.30

99V2

13c

10%cJun

19%

A

.1.30

Dec

Nov

570

1

Dec

4.75

3,466

Mines Ltd—2—•

Beatty

Apr

Jan

18c

Exploration & Radium—

Beattie Gold

Dec

Oct

1.90

21%
31%

131.120

Jun

88c

Jan

17c

1.63

May

1.03 May

Dec
Mar

2C%

1.45

10 %

Dec
Nov

3.525

1.60

97c

^

86.750

1

27c

45c

52c

...

——1

Dec

95o

4.45

31%

-10

Scotia—,—

Bathurst Powrer class
Class

,

Oct

45c

Nov

7.60

10

2 Vb

Oct

Jan

73c

19c.

99

107

100 Va

65c

1.90

of

-

•

6Cc

9%

Jan

1.40

4.10

Nov

20c

3.60

Jan

——

129

:

■

12,500

4.45

Gcldjtfiries

Bagamac Mines
Bankfield Consolidated
Bank of Montreal

18c

qiT

100

52C,

1.25

Gold Mines..—...—-

38c

g3c

46c

43c

Mines——

Ltd

Aunor

Nov

Mar

32c

————

Yellowknife

Aumaque

59c

27c

78c

Ashley Gold

Dec

140

High

Y

50,000

46c

Astoria Quebec Mines.

175

140

;

36,800

97c

Dec
Dec

2,500

iin

Low

48c

75c

9%c

88

6,260
340-. •'

High
6Vb

Range since January 1

High

45c

Mining

Arntfield

Mar

Y,500

inu

•

CAf.

2% Mar
44

9c

107

Y

•

Warrants

Wn-

175

20%

42c

Z"Z*
...—III'
HIIII
IIIIHl
IHI*

Mines.

Ltd

88

170

ioq

100

Oil

Shares

87c

19

Mines

Argus

Low

12,820

4.77

Y*

common

Porcupine

Vb

1.70

Z_

-

Anglo Huronian
Ansley Gold

6

'gc

•

Canada

Range Since January 1

High

orm

103^

Cooper

for Week

10c

Mines

Armistice Gold

170

1

Gold Mines
Algoma Steel common
Ltd

nql/,

iori/

______

Gas—

Alger

Mumlnium

5i<
rr

—100

-

Sugar

....

Gas

Oil

Low

•

100

Gold

Arjon

for Week

'

Sales

Range

.of Prices
Low

Sales

Sale Price

'

?

Funds

Friday
'

Sale Price

STOCKS-

29

50

22%

Fob

30

53c

60c

11,100

53c

Dec

76c

....—

55 c

Sep
Nov

.Volume

Number

162

4449

COMMERCIAL & FINANCIAL CHRONICLE

THE

LISTED MARKETS

CANADIAN
Week's

Sales

Last

Range
of Prices

Shares

Friday

For
Boll Telephone

of Canada—
Quebec Mines
L

Belleteire

Berens River Mines
Bertram

Gold

185

533

1

14

13

14

2.750

1.27

1.40

24,462

1

1.27

5
_

90c

Oct

Dominion

Dec

265

77c

7,500

l

36c

36c

37c

11,200

30c

Dominion

Magnesium

Jun

Dominion

Kirkland

Gold

U

May

Dominion

Dec

1.46

;Blue-Ribbon

°'

Preferred
Blue

Top

34 %

Bonville Gold

•

.1

„

A-x-.,-.'

Bralorne

Mines,

Preferred

:i

45c

40c

45c

?31c

27c
30c

17%

27%

Brewers

Distillers—

&

25%

27%.

12

12.

27 %

American

Oil

British

Columbia

12

Packers: common.^.*

._J_—

■

~;

26'A

25%

British
'

Columbia Power class A.

Class

B

J_x——

British. Dominion
Broulan

29%

27%

5

4 %

L.¬

_

Oil

A ,35C

:

Gold

Mines

60c

50

26 %

Dec

27 Vi

22%

Feb

28% Aug

8%

Feb

14 .A

Nov

Dec

Duvay

Sep

■i-L'C

:

25.

-

23 %

Aug

26 Vi

25

Apr

20%

Sep

30

2%

Sep

5

19.500

33c

1.45

Buffalo

Red

V

59c

Sep

95c

Jan
Jun

Lake Mines—.
'V t
~
f
r.

-j •'

Class

Co

36c

600

,

5.00

2,750

40c

8 Vic

44c

23%

A' A

4%C

23%
4%c

5%C

AA 7.500

46c

A—

.13

43,000

13%

21%

22

12J/a

13%

2.00

1.95

2.05

40c

35C

40c

2.55

2.05

2.70

13%

1

d

Lake

1

■

Canada Bread
x_x——__Vx_—.
-

4% %

preferred

5%

f.

—1QQ

common

■

■

■

-

w

r

-

V

1011/2
13H'4

at" %

♦

V

56

Permanent

Mortgage.

Steamship

common-

Preferred

B

class

A'

Nov

0

»

common

Canadian
1st

Canners

preferred

Conv

V

AA.:
.

Elder

Canadian
New

Car

' i

Gold

May1

English

Fdry

Fanny

Dec

60c

:

Aug

}']■/

10c

Food

Sep
Feb

Oct

15%

Jan

if

85

2.35

;A. Class

Nov

j

2.70

Dec

:f

-y

5

Oct

7

Nov

Canadian

17%

Oct

102

De$

Co

9 V<

Apr

7%

Oct

16

Apr

48 Vi

Jan

'

:

'

•

Frnser

,

Class

Industrial

B

•

12

34%
57%

AA-iS

b4

Jun

Malartic

19

158%

Jan

.11%

25
.

.

Jan

__

Pacific

Canadian

Cariboo

Castle

A

Gold

*•

'A-.

c

.

'

86

Jun

10

v

Gold

19%

Oct

Golden

Nov

Golden

15

%

Apr

23 Vi

Oct

A

Aug

26%

Nov

A

17%

Feb

24

Oct

A 10

1.330

Dec

Gold

16%

'

Oct

7%'

7%

20

6%

16%

19 Vi

215

10

17%

4.345

6%

Feb

15

15

175

; A 6%

Dec

38%

12%

20

13%

290
1.75

2.80

2.66
27c

32c

44c

41c

V

Mines

Delnite

A

Goodj^ear

Tire

1.700

335

■

9

Jan

11

Sep

Jan

6.50

Nov

8

4.30
35.

48%

.50

530

4%

.A "5

"700

3

87

30

65

Apr

17c

43,500

14c

30%

5 Vic

July

3% May
24% Jan

"200
32

4,140

t

Grandoro Gold

v

Great

20

Sep

I,

Dec

i

7%

Lakes

21

Vtc

Dominion

32

Feb

30

90

21,100

49

10

36%

Jan

4.75

5.00

2,500

4.40

Sep

9.25

f?

Feb

15%

95

10 V4

15%

Nov

105 Vi

Dec

21%

52c

N0V1 t|i
Nov

jH

Dec

95 %C

July

f ii

49

5

105 105 V2

lg0

97

Apr
May

19%

19%

125

15

.Mar

105%

106

5

.8.40

7.60

8.40

32

.33

13,910

II

18c

19c

9,800

TZ

.....

19%
-

__

1 A'
,.

—1

A

■

-

101%

j
f

.

Oct1 f

106

Feb

Dec,;.

30

17c

;

13c

•,52c

t

Dec

28c

-V'

Mar

?

21,500

55C

3%c

Apr

24c

Apr

16,860

17c

55c

f:

Jan

33

Dec

Jan

9c

"

—xl

11%

6.50 Mar

8.225 1

27c

Jan

85c

—1

Mar

35c

May 1

•

!

Ijj

25c

25c

4,200

19c

Sep

1

75c

68c

75c

32,200

26c

Sep

1

9c

8%c

10c

21,400

4o

Jan

14c

Mar

I

85c

90c

5,100

65c

Jun

95c

Oct

:

,25c

,

.

_x_

—

1.20

Oct

i

1

69c

61c

69c

26,400

26c

July

90c

1

35c

32C

36c

50,100

9c

Jan

42c

1.75

2.25

46,600

81 Vic

Jan

2.25

32c

33c

3,700

:32c

Dec

41c

Decj i ■'
Nov,

9c

7c

9c

10.300

3c

Jan

10c

Jun

common—*

105

104

105

55%

55

56

;

1

2.10

—

%

1

,

.

..

r -

"

90

75

Nov-%t|
.

Dec

»j,

Sep

?

57

Mar

!

20

Dec
Dec

L

40

;

«f.

-J.--——

preferred

14c

16c

16C

700

10

AA

13

13

5,413

37%

630

4

1,500

12%

IOV2

12%

37

35%

37

160

12

12

70

i

23c

Mar

;

Apr

12%'

Nov','

Apr

37%

Dec

Jan

-

23c

2,481

-1——xx__.

4

Nov

Jan

Vic

11c

17c

12

4% Apr
26% May

Vi

5

Dec, i

37

Nov

!

,

15

A

16c

13c

13c

9
common-

,

"t Ml

35 Va

1
—

vtc

11

111

Apr

53% Mar

145 '

■"Common ;'■A-AxxA—.

Jan

y

Saddlery
*
Greening Wire new common————*
Grull Wihksne Ai-lA-—— 1

'

Gunnar

i

Oct

1.35

West

Great

Jan

.

1.80

Jan

2.800

1.00

Jan

'Vj

Hamilton

5*900

Bridge

1.89

Jan

3.05

Nov

i

Hamilton

Cotton

16,900

i.

Harding

14

Dec

21

Jun

30

*

AV

5%

5%

23c

At

23c

23c

—.1

48c

*

14

Lime & Alabastine

Swayze Mines_l——

Haicrow

;

l!

Apr

150

A; A

11c

2,000

50c

26,900

22 Vic

14 y8

1,455

8%

42c

13%

N

14% Feb?

6% Aug
5% Nov

5%

Dec

25 Vi

Jan

Halliwell
Hallnor

Gold

—1

Ltd

14 %c

—1

j|i

Apr -1
14% Nov'

]

Apr

i

Aor ;!
NovM

54c

Jan

Jan

11

i

,8c
5.00

580

Apr

24o

3c

17,900

4.75

5c

49,800

7c

5.00

;

—

12 %C

8c

——«—1

Mines—;

Mines

15C

Jan

15c

3.10

"

-

Dec,

r

i

'

2.90

Ltd——i

Mines

•'>: 5-Ae

7

Nov

V

Gold

Gypsum

Nov

28

1.99

i

fc":

1

Dec

*'

-•

Jan

5.25

:

«

'

.

12 Vic

Jan

49c

Nov

7,200

41c

Dec

65c

Nov

25c

Mar

60c

Mar

2.42

Feb

•

120

A ;.

1.50

' 600

1.0,0

Jun

14%

20

Dec

30c

25c

46,500

,

Jan

A

1.50

Sep

4.10

5.00

17V4

17%

755

71c

68c

,74c

10,126

1.30

1.00

1.30

25

#25

43c

42c

36.000

2.94

Jan

1.86

•«!

75c

;

Sep

f
I

Heva

Dec

Nov

'

Nov

!

Sep

Jan

27

1,625

35c

Jun

85c

L.90

:

3.675

,

1.33

Jan

"1.45 Jan

1.47

,

79

76 %

85

May

-"49

~Jan

142

Aug

..

....

150 156%

154

14

85

16%
79% '

AA",

147

;•

•

'

1.13

1.20

2.400

27%.

A 28

70

"BOc

14,850

52c

GOC

"

1.48

1.40

7%

88c

,

44%

86c

90c

,

23

JanJ

52c

Dec

Dec

[j

19

Vi

Nov

j

6Ve

Apr

13 %

Dec

i!

Yellowknife

Homer

Dec.

A 2.80 Dec
-2.09

?

'

Hosco

Jun

:

Vi

Dec

156 Vi

Dec

'

_

"I

Jan

23c
65c

14,180

54Vic

Jan

26c

17,300

22c

Dec

26c

9,200

43V2c

Jan

96c

Apr

1.60 Mar
28

,75c

•

Sep

|

Oct

1.92

Mar

i

95

38 Vi

Feb

44%'

Dec

1,80
22c

1.14

Oct

1.75

17c

17c

700

60c

Apr

2.10

Jun

;

32Vic

Jan

29Vic

Dec

13%

•

Lake

28 W

Sep

31 Vi July

f

29%

110

13%

13%

260

r

11% Aug

14

i

1.90

Mines.—;

1.65

1.90

4,100

15

>1

7c

1

►

7c

7c

500

3 %c

Feb

13c

1.70

1.45

1.70

86,801

1.30

Dec

1.80

265

42%

Feb

90

20

114%

Nov

120

70c

Nov

•

common

A—100

j_A.

—

84

A 86

115% 115%

^_1

Bank

75c

80c

22,500

28%

28%

29 %

825

10

x

s:

>s-1

24%

23%

24%

1,150

?*>% Jl'IV
18

Feb

Nov

Dec'

Hi

i

87,100

77c

55c

50c

55c

43,600

20c

Apr

70c

——-*

;MA; 22

22

22 lA

100

18

Jan

23

.5

15%

15%

15%

1,647

10 Vi

Jan

16%

Nov

3.90

3.70

3.95

6,040

3.05

Jan

4.65

Nov

1

32c

21c

35c

51c

Nov

;

17%c May

|

2.24

Dec

—

&

—

1

9c

8c

9c

1

Gas

67c

54c

40C

39c

41cA

1

Mines

-

Mar

25c

60,100
■

A

;

9,200

3%c

Jan

36.000

68c

27V2C

Apr

18,600

34c

Jan

1.09

Jan

30

Dec

2.00 May

i j

Oct

:

54c

Dec'!

41

39

37%

.39

1,541

21 %C

21c

22c

13,500

35 %

39

90

20

38

39

70

19%

66*

85

Mar

-94%

75 -

15%

Jan

17%

18

Feb

25

Dec

13%

Jan

16%

Jun

12

Aug

14

Nov

r62c

Nov

;

&

—x__*
common————100

Erie

20% Paid

—r

92

92Vi

16%

92

-r-

16%

22

25

20c

385

5.242

:;-

AA

Dec

May
Apr.

38c

Oct 1

41

Dec

-40

Dec
Nov

Augl

.

—10
—*
Imperial Tobacco of Canada ordinary_5

Imperial Bank
Imperial Oil

A

—

-

15%

15%

15%

13%

13%

13%

Vi

Lake

Gold

64c

71c

645-

65,000

"

*

Mines___——____xl

69c

——x—————6.

;a'.A 9

8%

9

1,310

1.20

1.05

1.20

11,900

32

32

50

,

(John)

IngliS

International

Bronze

preferred

International

1

pfd_—

4%

8

Jan

71o

Jan

30

-

•>2%

Nov

Feb

Nov

10

pfd_

|
:

it

Aug

L40

j

ADr

"32

Dec

32 Vi

Nov.

30%

32

847

'lOO

class A—_.

——

Milling

*

.

1.05

102

103

45

100

Sep

103

Dec

-100

112 113%

221

111

Apr

114

Oct

30 Vi

113
v

Mar

Dec

j

Apr

-35%

Bay Mining & Smelting

International Metals

.

' *
\ jj.

;

95c

31%

24%

Dec

31% Jan
20% Nov

■10 %

40

42

International

22 %

22

22%

6,210

1.55

1.41

1.62

24,800

90c

Jun

Oct
Nov

Nov
Dec

Intexnation .1

Petroleum

Uranium

—

Mining-,

1,814 "

Nov

43

j

24 Va Mar :

.

I

3.55 Aug :]

i

Jacknite
Jack

Gold

Waite

Mines

x__'

Jacoia Mines-

—

30c

45c

63,300

20c

Sep

59Vic

Oct

f

33c.

33c

33c

1.500

10c

Jan

44c

Nov

,f

5%c

5%e

6c

5,000

3c

Jan

13c

Apr

37c

T
—

—————.

.—1
—1

„

;
if

For

footnotes

see

page




■

j 1
/hi
* I I

Oct

65c

-

•

T

Ltd

;

2,24

Mines

Gold

4V2 %
—

Oct

Dec; ;

60c

}

■

29%'

—

2.20

—*

Indian

3,000
■

•,

i

60c''Jun

11.400

j

*

JI

1.85

Qlass AB

t

Oct,

1.35

.

j

J

Apr

2.00

1

Nov

18,833

Mar

Inspiration Min & Devel—___—2—1

1.65

1.07 Aug

Apr

5Vic
20c

Hugh Malartic Mines--——-1
Hunts Ltd class A—
—:
—*

t

8,050

'

68c

18,560

j

; 16% Nov
83

Oil

Gold

Howey

,

'•

,17c

.

14,100

•

20c
32c

64c

——————

_——

"

1.75

A

2.15

—

—

Oil-

Home

May

-

1.48

44%

_100

A a 1.00 Jun

11

Oct

980

99c

18c

30c

26c

Dauch—

&

Huron
1.20

91c

19c
32c

;——

Holhnger Consolidated Gold Mines

'

t

Cadillac

Hudson

16%
:

Feb

i'1. 15%

V

23

200

6%

195

*

Mascot;

.Hinde

Nov

"A"'1

98c

—

2.00

Gold Mines

Heath

5.95

A 99c

6Vi Mar

Mines

Mines

Headway Red- Lake Gold—

18%
84c '

Jan

A" A* 300

-

.v

'"

Apr.

1.500

7%"

'13

Hasaga Mines

Nov

119,900-

.270

1.85

A*

*

•:

12%

Mines

Gold

Homestead

r———

"■>

12% May

*

600

10

19V2

-.'A-'

22

43c

43c

7%
265

(

■

Gold

Gold

Harricana

Jun

•*';;

9%
19%

Carpet——:—

Rock

Harker

Ar

Hedley

4.80

.

_

'

►

18%

______i_*
*

—i,

„————T-

f
Hard

27c

—„—

Mining

Mines

j!;»
.

Dec'

33%

15

■

Mines

Jan

3.905

v———xxxi;

Seagrams

Preferred

I'

49

—

Rubber

Paper

"»-*:.*< 200

,

■

Diversified

-11

Dec;,U'

6'/a July

* 76c

International Nickel Co common

Pome

Nov
Nov'

.

19Vic

Jan

I
,l{

Oct-

6%
91

70c

72c

-

_*

Bousquet

Sep

Vi

220

2,608

17%

Mines—

—x

Red

Distillers

57

Jun

85

:

5 %

100

—

20

26 '

40c

•

Nickel Mines——.—

Dickenson

;;

!

•

_x__

—

&

Preferred

Nov

'

Mines

Denison

6.00

.!

u

Sep ;H
Dec1 M

^0

Mining

Oct

1.80

Leathfer clasSAA___A_—_J„
B

5;!)0

17c

—1

Jan

35c

2

Aircraft—A;——t——

Class

6:00

4.95

Mines

Jan

1.75

30c

Davies jpetrojieum

«,

Nov!

3.10

4% July

15

32

Manitou Mines

10%

1.79

18%

—1

Davis

1.72

Jan

.

1

'

Crowslfore Patricia Gold-^_—u

•

9

•

Mining

14%

Mar

A 70c

25

«40c

—1

\

16c

10

_1

15 Vi

44c

Mining——t_A_a—_ Ill

■

119,500

1j
1 f

Apr

53c

9

.49%

A

:

11%

2.80

31c

—

Pete—

'•T ■'

■"

class

Mines—

1.170

1^85

Imperial Mills—,Aw—'—

r

37,740
,

'

5%

common-

8.229 "

,*

290

1-78

i

16

,735
■A-v 8,425 r.

LIS,

24%

Crolnor Pershing Mines—A——
Crow's Nest'Pass Coal———i'L1—

i

1.44

''

;

-

Apr

A
38
ALIO

—

Conwest Exploration,

Cub

1.35

29%

32

May
Sep

"

26

.100

Qournor

jfi

Dec

11

Jun

Apr

—

.

Mining

v

Dec.i

41

10

*

_i.l

——

Gate

Goldora

i

35

17

Apr
Jan

•■■930

"

1.135

20%

Consumers Gas (Toronto)—A.—
;

15%

Jan

1.27

4%

Arrow "Mines

Golden

4

58

Sep

27%
45 %

■

19%

A

■:

27%

& Smelting.

Cosmos

Apr

35%

■!;:

23 Vi

19

19

5

!

il;

11 Vi

40

1.25

A; 87

Mines Ltd

Eagle

24 Vi

12%

1

BakeFles

Consolidated

Dec

100

.41

i°

_1

——xL;

Goodfish

"

Mines_^_.

Consolidated

51Vi

1,385

15%

:9

i—i_*

-

Mining-';

Goldcrest

Sep

24%

Mines————

Coniagas

Apr

49%

'

1

Co

National

Coniaurum

j

MayA

Jun

Dec

Jan

: "•1 .* 430 "

,17'

27%

'..—A—Lxx——A--AA->.^T"

Commonwealth

-i

Jan

48

A 1 35
"1.40

—

____l__

Gold ale Mine

*

1

Mines

Commoil Ltd—x——

Conduits

Shops—,

common-

f

Apr
3.05 May

6.75

Sep

41

___]
i—*

—

Jan

22%

115

Yellowknife

Colomac

21c

Mar

2.26
38c

15%

49%

i—i—
•
A——_t—A.—-ix0.;}:/;

Lake

8

105

12%

A:—xx-.I—xxx-x—

Wlllans

Plow

17,525

_l—xi_^_x__v.U_-_._.A,x_l0O'

Rights

God's

■

A

■■

9,275

3.90

25

Power

14

510

__,_1

^

Gold

Malartic Mines—

Lake

80

11,200

2.65

3.30

Giant Yellowknife Gold Mines——

'

■

10c lOVaC
2.55

3.70

Co

:. Preferred

,

Dec

28

5%

25% A" r"\y. 130 ~
22% A > : * 200

27%

9

—

Circle Bar Knitting-—___

Coin

fl

H

-

•

2.60

Exploration

6.115

58

Mines

Cochenour

Jf';

'

Research

Cocksnutt

Dec? H"

Nov

48

Oct

24

t'v

Chesterville Larder Lake Gold Mines—1

Cltralam

Dec

39c

Gold

Co.'s

3.195

34% "

.;A, 17

*

Porcupine Mines
Centremaquq Gold Mines—

Chromium

4,500

36c

10c

Gillies Lake-Porcupine Gold
Glenora Gold

Apr

200

;57 %.

1.15

Central

Chemical

38C

:

;•

70

A

80

11%

_25

A—

Quartz

Patricia

•

_•

—_

3Gc

5% -preferred „x
_2.
General Steel Wares. common

v.

23

130
...

34%

A-.4

Rubber,

Trethewey

Central

com

AA

Wirebound

&

Nov

36c

1

Canada

Preferred

—x—

Ry

Tire

class, B__

Dec

••

18Vi
A

19%

;_*

^A*

Canadian Oils lx—AA.

Canadian

Apr

65c

;

Nov

182

39% Jan

24

——-x.

Canadian

2.40

Dec

A

Oct

36%

Apr

12%

common.—*

Locomotive

Canadian

Jan

40c

■

::

Nov

Vi

22

16%

25
*

Alcohol

22c

29,350

25

Gatineau

.j

••

Sep

12%

25

.

25%

—*

A——A---r;-A-.A^-^^

-

12,800

43c

-X

Frobisher

i.

A'*"

-

57

32

682

..

..

22%

.

Canadian

1.50

40c

————100

of

Francoeur

I

,.,775.

...

19%"

21%

General Securities class B__l

Canadian

1.40

42c

|

2.50 Mar

.v>:

101

5.10

9Vi

22

A—.A—."

A

1.44

—i

Kirkland

I

i

Jan

Nov

52c

Jan

550

..

"26

9%

22

—

Dec

980

-1

Candy

Grain

Aircraft

Ford

V

70

;,At. 200 1

,85

■

18%

-.20

common

—

14

1,065

>

Fleet

.{

,

'

85

22%

common

Products

Dec

59,300

Life_____^

rarmer

Federal

'Ail;

Apr

13%
24

A;: 1.70 Sep

100

.18

25 Va

10

._

A——

Dredge

24 Vi

Jan

<%

H.
f [\

Jan

14

~

Ph-eferred

Graham

Canadian
Canadian

13

1.50

Falconbridge Nickel

'f

.

common

-

915

Nov

1.26

Mines_„_v_—.

Electric

Equitable

*

Ceianese

24%

24

"j

.

47%

—x—

&

preferred

1,050

22

•!;*;

Dec

Jan

13%

i—

Gold

Eldona

AA|-

Sep
Jan

80

...

178

47

>

■

Canadian

_>

j

Jan

1,830

11%

17%

common

——x—.

preferred

%

14

Nov

15%

—1

Jan

Jan

>1.70

A 61,700

17V'4

9 %

Comme-ce

Breweries

21

46

Apr

AA

24

20 Vic Aug

8.050 A

35%

r

47'4

_0

x_x—.

Bank

"nnadian

21

'1

——_1

Mining Co_
Mines_^__

Goldhawk
Canadian

Mar

U

L49

Economic Investors

10 Vi

-A 10

4,355

.

.

56

178
1.

A—-x—L-

—

7

*

ZZ~lio:

Bakeries

35%

24'A

Eastern
Steel——_
Easy Washing Machine—

Feb

65c

*

11

100
.•

-x__.

Wire

Class

Canadian

f

35

1

'

Canada

-

,..17%

1.

,

Canada

25

2,045

i

Dec

.4% Nov

j

2.45

3V4C Jan

•.

680

...

14
!

56

B

Canada

45

14%

L

Nov

104

Oct

Apr

13%

>

17%

A

220
/ 45

.

102

13%

O

Class

45

13%

100

1

—

j

•

6.50

418% Jan

195

V.;:

6

t

101

..

i

2%

13%

common—*

East Malartic Mines
East Sullivan Mines

]X

Canada Cement

Chemical

Gold

Foundation
~—

Oalmont Oils

Red

15

260

'

.13%

ji-—-—L-x-

Campbell

104

4-%

25

Mines

Federal

.i

Calgary & Edmonton

104

4%

—.50

Nov

78c-.

Jan

40c

-12,500..

40C

-

Tar

8% Aug'
24 Vi

Feb

4%

1

I6V2 Jun
32% Dec

Nov

•

•

■

class

B

6.25

39C

«

Products^.
t—
Bunker Hill —,—L—_
L—
Burlington Steel—.—_x——
&

1.50

5.80

6.25

•

B_—

Dec

73 Vic

Sep

7,400

.

A

7

14%

21%

class

Amphi
East Crest Oil—x—

A-A

37% Aug

9.115

5

61c.

lpO

com--——"

East

i

1.435

38c

.60c

Building

'.

r

200

Apr

.)

30

...

400

22 %

Stores

Duquesne

•(•

Dec

160

.33c

,

—

Buffalo Ankerite Gold, Mines_.
Buffalo Canadian Gold Mures.

■■

Nov

13%

'

/

3

22

High

Low

% May

25

■'

Donalda

■

Porcupine Mines, Ltd

Buffadison

Burns

19

3,197

*

7%

-

Dominion Woollens
commop

r

Jan

A
.

1.275

32

11

t.

A?

Jan

37%
''

Sep

8%

.

26%

36-

37%

Jun

14%

..

'

L—Ai—„5

British

Apr

67c

,

5,810

27%

Brazilian Traction Light & Pwr.com—*

..

433

13%

x—x_25

—

45c

Dec

30c

32%

—

Steel

Dominion

Mar

10

18

13%

18

32c

Jan

27c

Dominion

■

"•Dominion

,67c

15Vic

13,500

31%

9

com

•

—

Dec

Dec

.36,236.

.

_

800

-Dec

34%

j

Jan

>12c

26,800

,

*

»■

Jan

13%

—

Scottish Inv
Preferred'

Nov

55

Jan

26

12,150

40c

•

50

75

•'

12 Vi

Jan

20

.

■

35c

36c

common..—

—

.

.

7%

5.

.

.

.

19c 20%c

20c

x*

Ltd.*.

Cordage

55

34%.

1

Pershing Gold Mines——

Brantford

34

—t——xl

Miiles-

:

12

55'

B

Bobjo Mines Ltd
;Bonetal Gold Mines
Boy con

12

——-—_—+50

Brewing

55c

Range Since January 1

High

13 %

Dec

37

Aor

Low

Malting

1.62

Aug

36

72c

Shares'

'A'.: Par

■

Foundries & steel

Preferred

.Bidgood

for Week

-—25

■••

.

Dominion Coal preferred

Jan

18

72C

35 %
77c

a

Dec

15

9.50 Mar

1

—_

Sales

Range
of Price#

'

185

Jan

161

STOCKS—

1

High

LOW

181

Week'a

Last

Sale Price

Friday
Range Since January

Hiah

Low

182%

—

1

*

-100

& Sons

Bevcourt

•»!

for Week

Sale Price

STOCKS—

ENDING DECEMBER

FOR WEEK

RANGE

3105

310.9.

■b

MARKETS

CANADIAN LISTED

FORWEEK'ENbiNG DECEMBER 21

RANGE

Peek's

'Friday
Week'*

Range

'Last
Sale1 Pride

STOCKS—

Sales

Shares

'

Low

—x

12 Vic

—ill

—-

Gold Mines—

45c

6%c

6c

7%c

3,871

3c

Jan
Jan

80c

65c

82c

134,160

55c

Jun

1-35 May

33c

31,000

'29c

Quebec

"Kayrand Miiilng
Kelvinator

Co

29c

39

25

29

16%

•15%

16%

Apr

11%

'7,075

■Kirkland

Labatt (John)

35c

25

24%

•25

6.90

6.55

7.00

—

Mining* & Exploration

Labrador

2.03

-1

— -—

—

20,910
39,550

1.78

2.08
"40c

._

■

Lake
Lake

Fortune

Jan

2.20

Dec

Jan

49c

Sep

v

1,410

21%

Sep

25

2.35

Jan

1.00

Dec

1.76

Juu

'•'>

24%c

Woods Milling

La

Mines

Luz

Lapa

Cadillac

'2'3V2

23%

24%

1,950

_*

29 y2

29%

29

%

50

24 V2

>

---

Candy-

Gold

Lexinden

Jan
Jan

.—»

6725

700

8.00

400

6.15

Jan

18% ''o- 100

Jan

20%
22c

"Apr

139,300

25c

Jun

55c-

Nov

;

19 Ms

19

19%

380

5c

5Yzc

'6.500

*1.44

1.48

6,000

-i-

;

1.45

•

Aug
Jan

10c

20C

23c

24,200

16c

1.40

56,600

43c

'Sep

•

2.85

2.75

3.00

33,240

*27 %

29

310

Jan

1.22

Nov
Mar

f

Jun

27%
1.40

5,800

89c

Jan

2.09

1.33

30c

31c

13,700

30c

Nov

80c

31c

—

—

——.

__1

'M&gnet Consolidated Gold—.

7,830

4.10

55,055

2.25

4.00

4.30

28,150

l82c

—1

4%c

!4%c

5c

37,'200

50

50

-50

25

—

■

Preferred '

.

I——10

11%

-14I4

common

'33%

Jan

3.25

22,730*

3.55

3.30

2c

4.10

25

10

j

|

I--'

Apr

'Dec

50

1

"12% July

Shawkey

—:i

9%c

9%c

10c

2,550

8c

—1

1.03

1.00

1.05

July

—1

35c

39c

17,700
51,900

77c

Marion

27c

Sep

12,000

,24c

Dec

—

Rouyn: Gold—

39c
27c

•24c

14%

14%

Martin-McNeely Mines———

Massey-Harris conimon

McBrine

'McDonald

710

18%

'200

18

15

16 V*

106

108

2,615
120

105

-100

—

3.20

—-——

4.00

8%

Re^ Lake Mines

'

Lake

McMarmac

Red

McWatters

Gold

Mills

MercUry

Mid-Continental Oil •&

14

14c-:

•

Gas.

17

18

,

8.35

9.55

Mining Corp

141/2"

38

38

108

2*

common-

Monarch.
New

Knitting

preferred

——100

—

——

—100

common.

/'■.

50

108

Moore

69

V,

.

-National

Trust

Negus Mines
New

"New

1.99

Noranda Mines

Norbenite

i.l

V

,.

57

Jan

71

Jan

39c

15%

17
29%

__

29%

*31

1,430

230

230

3.'y

1.57

1.53

1.57

61,500

53c

48c

53d

14,900

50c

■

30'

17% Mar/

;

:3
i

1.26

75c

Nov

55c

114,700

28c

Dec

; 64c

May

21,500

21c

Dec

30c

Nov

59%

60%

90c

95c

2,650

Jan

2.35

1,570 ^

80c

40c

7,400

7c

lie

11c

2,000

6%c

Jan

85c

1.03

82,762

64c

Feb

25c

23c

27c

64,900

22c

19C

——

20c

Jan

40c

16c

19c

23,300
2.500

i

—

44c

.

Toronto

Canada

Northern
North

Oil

Star

Gold

O'Brien

Okalta

—

Mines

1.14

com

7%

.

Mines.

—1

Dec»

35c

May

12%c

Jan

26c

Apr

1.05

Sep

7%
3.50

1.17

8
3.85

2,160

26,015

5

Nov

A

2.26 Mar

3.90

Apr

50c

5,300

38c

Apr

33c

15,800

20c

Dec

22c

27c

72,882

20c

Dec

68c

Apr

23c

21c

25c

66,400

21c

Nov

30c

Nov

20

20

50

Steel

Orange

Crush
Gold

Mines

55c

•

s

rights

22

16% Mttr

'15

85

50c

55c

9,800

9

Jan

50c

Dec

7%c

Oils

Pacific Oil & Refining
Pacific Petroleum

,

•

*

-1

Pamour

15%

Porcupine

Mines

7%c

8%c

15,567

7c

Sep

'20>/2C

20c

23c

51,100

20c

Dec

50c

Mar

7'.'-(/18c
67%c

1.00

1,300

29%

443

Ltd—

2.25

2.15

2.25

6,377

1.19

Jan

2.46

38c

9,266

8c

Jan

48c

Paramaque Mines
Parbec Malartic Gold
Partanen

Malartic

Paymaster Cons Mines Ltd.




26% Aug

31%

20

Nov

Dec 7,".

:1.84 Feb

7.800

1.32
82c

V

375

,

r

>

.-

*

35c

',

24c

25c

17,100

21c

Nov

64c

21c

18c

21c

13,300

17c

Oct

27c

8c

3,000

5c

Feb

16c

72c

75c

21,785

30c

Dec

88c

T,000
2.075.,

22

21%

.22

240

16%

Apr

4.95

5.20

J8.950

3.50

69c

Jan

1.25

540

1.25

Nov

1.25

.

7.

~—
60c

22%

615

2,05

2.10

500

'•-

> *

T—-

38

38

12

12»/4

1

110

—>
100

/

—

26

.

•

26

20

1.30

1.40

22,500

40c

-11%

.450

41%

-1

6

-1

—

Mines

West

Malartic

common

Western Grocers

Dec

,}

Apr

20%

Dec

•

3.15

Feb

Jan

_—7
Westeel Products
Westons Ltd
conimon
4%% preferred

ixxfT ■'""w.i

.

.-va

jj

.

17%

11%
70c

Nov

j

|

Dec

,

Sep

''

24% Dec
^46 y2 Mar

16% May
'July

6'%

Oct

14c

July

Dec '
July

Apr

7%

Dec

13,200

1.80

Sep

2.68

Nov

2,472
54,100

13c

67c

70c

28c

•

11

Oct

60c

1,500

17c

Jan

3.40 Aug
69
Mar

4.15

6,221

104

109

1,420

21%

21%

22 ye

350

1.42

1.35

1.45

15,300

46c

159

159

25

26%

25s'e

27'/a

104

106

16% Mar
32c

j

Apr

1.05 May

Sep

4.10

147% 147 Va

.

11 %c Aug

25, 36D

105

27%

110%

3%

4.15

Preferred

.

8c

28c

"I

|

Nov

Sep

40

3%

Apr

2,900

; 13

67c

1.20

.

Nov

2.700

lie

12 %

„1

30

Feb
,

•17

Oils-

—-

30

Apr

.

Dec

7%
2.60

12c

480.

.Oct

24c

May

140

2.53

!12l/aC

110

May

335

j

Dec

'8

400

13

'

12'/a

Jan

36c

24%

.7

Dec

6,505

47c

4iy2

9'/2C

Nov

Jan

41
6

-25

..

;

Apr

16,956

11%

31c

Jan

3.05

11

10

15 y8

,

40 Va

100

531
10

15Vb

1

.

.

88c

Feb

•17

100

•7
:.

20

!

25YaMay

Jan

17

5

27

110% 110%

110%

..

f

Oct

Jan

12

5,216

{

'. Dec

5.70

100

10

35c

27

7:^.77—;
1.32

110

33c

33c

"

1:40

■

28%

2,965

::ioo

23

,

7

Oct

3.70

90c

j.

35

12»/4

10

Nov

"

.Sep ,7
Mar
;

50c

7,250

54c

21%

60c

-

-—

4.05 Apr

,

2.50 Jan

7

,

May 7

15c

Dec

48c

5.15

7J/a

\Vasa Lake Gold

Jr*".

;

i,

Dec

Jun

37c

Jan

1.50

-

I—1

41c

July

.7

s
(

Jun

3.35

—•

"May

Apr

Feb

-

Aug

;

"98

4%c Jan

•-

'

Oct

780

-Dec

,p:

Dec

^Oct

5,760

Ltd.
Oils

Mines

2.00

20c

.

'Mar ^

98
-

^49%

Apr
,

Sep

,.79y2

Jan

72

Oct

7V'a

1.03 Dec

3.30

——

Preferred

Nov

8c

"

38

—

;

7

19%

,

*Ndv

67

20

10c

2.57

■.

Dec
Dec

3.15

Waite-Amulet Mines, Ltd_
;
Walker-Gooderham & Worts com.

Oct

U

Dec

.

34

4,5ue

14

-100%

14
May
6% Nov
70c

"

..

'r; ''/7 Vt
*120,695

Canada Mines Lta—
7

;

25

...

3% Feb

20

165

80 *

32c

9%c

Vulcan

Nov

]

1.00 Nov

Apr
Nov

99

.

/';

-14,700

87c

78 %

Dec

7

7/ .105
: ! 10

48 %'

79%

80c

725

'/74M

6%
.19,

81c

"t

2,000

,

tyj-'

: 1.15

3:25

B ..
United Fuel Class 'A _—

Vermilata

15

300 >V

:i

Corp class

United

Ventures,

Oct

24c

—

Jun

Jan /

■27,402

1

class A—

Co—
Mining

1

Feb
Apr

1.40 July

96c

28%
36c

Aug

77 7;3c

9,000

:

56c

'United Oils —
United Steel

Jun

1.00

36c

li

10c

45c

24
-

Nov

29%

Pandora Cadillac

Feb

98

11%

Oct

1.20

-

—-

(new).

•7 64c

9c

—— r*

Vicour

Page -Hersey

Oct

3.20

——

Union Gas

Upper
-Pacalta

14,350 •./

40c

48c

————-—•

preferred

Union

14

preferred.

' r,

•; 2.70 7. 2.85

Class

-Orenada

Dec

52c

Mar

49c

3l%c

25 %c
_

Dec

1.00

98

1

Transcontinental Resources ——
Twin City Rapid Transit common

Apr

58c
68 c

49c

Omega Gold Mines——
Omintrans Exploration

Class B

-A

8

Exploration

Traders Finance

1.63 Mar

Jan

——T~77~

Works class A—
Mortgage..

Towagmac

Nov

31 %c

Oils

O'Leary Malartic Mines.

Ontaria

3.60

1.12

Nov

102%

8j%c

—5

Toronto Iron

Apr

1.05

•

'Northland Mines

24%

Apr

—50c

Gold —
Elevators——

Toronto

j

Mar

—Jl

common—;——

Canadian

1.65 May
46c
-Dec

Dec

lOVa

34c

—1

—--

(G)

Toburn

Dec

63

July

'•

27%

hi

64c

278

Thompson-Lund Mark Gold Mi .ies_
Tip Top Tailors—.—

Dec

4.25

Feb

50

2,500

7.

15%

——

Gold "Mines.

Texas

32c
27c

Nov

99

98

Teck-Hughea Gold Mines

Dec

Nov

14

'

7'

115

,vvl 78
■

———-

Con^ol Gold——

Inlet

Dec

14

Feb
Jan

*

164

48 %

78

,

—

Gold.

Tamblyn

Apr

30c

1.02

i

x-

Corp Ltd

Surf

13

37,425

23%"

19%

'

:86c

--1

1.85 Feb

Jan

Nov

33c

15,381

95c

Apr

520

3.05

Mines.

Sylvanite

28c

60%

——

Dec

4

16'/a May

96c

"7.;

,

Contact—;

55c

4.10

Dec

37

27

>7 18

—-

—

Cons- Mines--

21c

3.85

38

Sep

May

.::Y'7. 6

——'■*
—

Sudbury

30c

3.90

Sep

May

.

Sturgeon River

Oct.

Dec

July

9

13%
100 100%'

common..

Sullivan

27c

x

Paving

Nov

250

Jan

185

Oct

1.75
90c

,7.

12

"9

13%

' Jan

-.

'

29

29 V*

85

82c
——

24% NOV

35

Feb/;

22%

210

23%

'July

28

80.'

31

23%

1

Oct

Dec

1.C4

60

125
.

.

-

"23%

Nov

66c

925

....

.

»

r\
1
'

22

7

July

.

Nov

Nov

18c

Jan

1.06
63c

228

19

Mines

Steep Rock Iron
Sterling Trust

'Dec

17

Feb

12

815

7

200

55,046

.-

13

7%C

Sturgeon

preferred

Nov

Nov

6.95 Nov

r.

—

Dec

20c

Jan

liy2
40

Dec

13

'43c

Mines.

; Starratt Olson Co-—Stedman Brothers,
——
Steel Co of Canada-common—

1.10 Feb i
24% Apr -

20% Mar

55c

_—

Mines

Norseman

Jan.

53c

105%

Jan
Feb

53c

31c

13%,*

91c

Standard Radio

Dec

.16%
.

220

23%

Dec

1,573

-1

Mining

60

95

3,555

—1

Malartic Mines

Normetal

i

Feb

May

21,700

—

Oil

Nordon

7

71

—1—100

—

"Norgold Mines

Dec

35c

Mines.

Nipissing Mines

108

85

5'

.1

Mines

Feb

' *

Aug

41c

5%c Jan

27

—

Preferred

.

Nov

418

Dec

-

-

/.30.400

-

16%

1.20

Nov

103

;

39

! f
• I

102 102%

A new

Dec

9.55

;

Mar

Deb

——

Petroleum.

Co,

Standard

5

31

"Nib "Yellowknife
Nicholson

Jan

20

t|

Nov

22 % Mar

.Apr

23c

13

Chemicdl common
preferred
—

5%

285.,,,

12

Standard

Apr

(

.

-

13

12

common—

new

new———

Malartic

Springer

Nov

30c

..1*

—

Calumet

18%
33c

70(4

-

—

Bidlamaque

Jan
Dec

-21%

-20
A

National Steel Car—_

Dairies

South. End

May

.

126,265

36

16

Sep

39c

22%

16%

Preferred
Sewer-class

Jan

1.25

19%

.

.

t
;

,.

Nov

66c

36VaC Jan
85c
Dec
15
Jan
-18
Oct

.....

>/". .'110

v

37 % x

35

16%

Gold Mines

Southam

Sep

10
44c

7

9,600

90c

new

SiscOe

Oct

'

Apr

66c

--

—

60c

.37%

——

Preferred new

1.85 May

Jan

'70%

Grocers- common—

National

Jan

34y2c

'

"National

B

' Nov

28c

770

1.70

,78c

be c

1

.—-•

common

Long Lac__

53c
1.70

.

common

Simpsons Ltd

May

12%

9,850

69
22%

19c

77

13c

1,000

60
95

-67

v

22

..

Dec

•

Light Heat As PdWer

Corp

Mosher

—x

:

.50
95

—

—100

——

Monet* Porcupine
Montreal

„

1.53

'.

:

iTtd

Stadacona

22,798

'

Preferred

Oct

16c

"

'Modem Containers

1.30

—— -™ -

trust

Silverwoods

Sep
4.00 Dec

22%c Jan

16,500

9.55

16(4
j

-47

Nov

25c

-325—105
Nov
435
2% Jan
450
18l/a May
8.040-'—
4.Q5 -Jah

7

7

14 c

•20%

common..

Brewery

Sifknit

ill09

Dec

4%

1,205

18

5.80

.

.

Mar

2,000

9%

11C

July

20

Jan

59%

9,400

———

J--~—

Preferred

,1.35 Mar

12,100

'27,468

Gold

Mines——

Dec

Jan

34 :

11 %c Jan

320

.

.

35%

.5.55

—-

——

—

Voting

■V Bladen

1.500

—j

"9

,

Sicks'

30% Nov

May

8c

510

Mclntyre Porcuplrfe Mines..
McLellan

8%

600

15%

.

Oct

3.15

64,550

8%

-——

McDougall-Segur

,.;

23c

34%

Creek—
Pherritt-Gordon Gold Mines-.—

Dec

7

105% 105(4-

!

Sep

Nov-

27c

<

Mar;"'

29

"28

.

——-

Mines

McKenzie

8% Mar

1,540

14%

Apr

1.39

51c

30

7.2,150 7

x

:!

35

...

9,750

7

-

1

22

28%

(L)

McColl Frontenac Oil
Preferred

27c

18%

-20

Preferred

.

15%c

Jah

Marcus Gold—.—;

Maralgo Gold..-

23c

,

.

'44

Sheep

•

25

21

"'43%

Ltd—..—

Shawinigan

."•!

16(4

19%

20

Senator Rouyn,

|

Feb

Jan

92c

89c

May

July- 1{

4>/4C Jan

^ b0

-

1

10c

70c

600

■

Jun

/731c. Dec

.

17c.x -10,000

18%

Power - preferred—
Lawrence' Corp common.
Class A preferred—
San-Antonio Gold Mines Ltd
Sand River Gold.
!

f

.6,200

18,600

Saginaw

l

9c

f
<

isViC Dec

34,100

St

Dec

.1:39 Feb

Jan

Dec

85c

Mining

Ryanor

4.15 May

,

;

Feb

12

Dec

Dec

82c
,

Feb

2,280

11%
14%

i

Nov

4.30

'•-."

Jan

15%

,

,

Dec

73 c

79,040

82c

76c

3.55

Mdple Leaf Gardens common.
Maple Leaf Milling Co

5.'25

2.17 Jan

•

"Manitoba & Eastern

Jan

4.70

3.30

1

Fields.

Gold

#

•4.45

4.00

"4.25

—1

3.85

July..'

18c

27C

.

Russell Industries common—

"Jtin

'4.65

.11

Mines—

Lake. Gold

Red

•

80c
.

54c

—

}

26%
1.33

/Dec

50c

Royal-Bank
Royalite Oil

.

62c

25 %C

Gold Mines—

Oils 'Co.x—

Roxana

s v

-

?

■

Nov

1.33

Jan

.

'45 7.

14c

j

28%

Mar

25

125

Nov

.»

<)
|
. |

7 x_45c

34%- -7

45

—

Lao
*
Rochette Gold Mines
Rouyn Merger

Nov
Dec

52

Mar,

4X

.5,350
33,280

i.

.

7c

34%

class A-x—

common—-

Roche Long

!

13%

6y8 .May

.

Sep

Jan

80,650

36c /;

7c

.

Dec

30

26% Mar

(P L)

;

,

i i

Nov

70c

40c

""''V-'.

r-—

——

Riverside Silk Mills
Robertson

.

1.86 Nov '
3.00

■

i

Jun

48c

Sep

1.25

Gold

*15%

Feb

15,050

85c

,.

Jan

Mar

.310.

1.25...

7 69c

;

1}

'18c

.

635

.

.

,

9Qc
91c
14%c 18 %c

r

1.55 Nov

Jan

1.15

23c

Gold—

:
-

1.35

„1

Goldfields

52

3,500

.

11%.

1.20

i

Dec

4 36c

2,000

...

11

Regcourt Gold Mines.
Reno

"Apr

20

3c

.11

27%

20ei/.

=

•———

Dec

y

3.45 May

11% Apr

250

51%

32c

Oct

15%

——1

.•

20c

.

£

—3

.11

f

Jan

50c

,

56c

.,

Gold——
Quebec Manito-u ——
——
QUeenston Gold Mines.—1——
—--Quemont Mining .—

Oct

"9c

15c

MacLeod-Cocxshutt Gold Mlnes-i.

Malartic

;

55c

Quebec

*6,600

40c

—————

Yellowknife

Madsen

''18 V*

Preferred

-

;

■

43c

—

I

9.15 May

15%

18 V*

-i

.

Jun

8.00

Class "B"

"Mac&ssa

Apr

7.35

'6.00

-il

Lobldw Groceterias class A—

Lynx

35

Jan

5.70

16C

Linghian Lake Gold Mines__
Little Long Lac'Gold Mines'"Ltd-

Louvlcourt

Nov

15

;

Airways—————
'Purdy-1 Mica-'Mines———
-Purity Flour Mills common—

Api

25

6.00

Leitch Gold Mines, rLtd
i

Jun

17%

—1

Mines

Oro

12c

14'%

Prospectors

2.72

18Va

_; 2.45

2.90.....,1.485

•2.75

Dome Mines

Jan

Apr

1,15

40

-

)

Dec

7 .7

.

3,550

2.50

1.65 May

14%

13y2Aug

720

17%

Proprietary Mines.————

8.00

Lapaska Mines

Lebel

6,200

—

————

Laura Secord

'4,200

15c

;

Sons—

&

1:10

14c

.11

common..

Lamaque Gold Mines

Lang

165

15c

Ltd

Mines,

Shore

Lake'bf

East

2'40

;

1.05 Mar

Preston

4

Oct

81c

8ep

Dec ■'}
2.00 May
t

-Jan
Jan

98c

_.

)

Apr

29l/a

'

16,411

"1'7%

1.01
70c

Dec

18% Mar

..'7,393

I

1,58

■

«

Mar

625

1.40

Metals—;.,

58c

725c

4,400

13%.
•

8.00

55c

29'/a

Minittg Co—

Pressed

Jan

8,000

51c

53c
Sep
4.50 Dec
7.50 Nov

Jan

4.35

58c 64 %c

trust 'certificates^.

Premier Gold

2.40

2,100

6.50.

'6.25

1

14c

.

5,300

,

...

Corporation

Power-

"2.25 'Aug

4.40

Dec

36c

4,400

39c

4.20

Co—x——%
Gold
—

River

Rouyn

Voting

1

3,905

42c

1.06

—.11

Gold, Mines—

Powell

Powell

;

36c

sil
^1

Gold Mines

Porcupine Reef

Jun

"

'take Dufault Mines Ltd..

Pioneer

'Porcupine Peninsular

17% Nov

Mar

50c

1,400

2.13

1.78

-1

——

._

Townsite^

1.80

-1

—

—

Lake

Kirk land

29%

/•

.il.

Porcupine 'Gold '-Mines
Gold rMlnes—
Gold Mines Of B C

"Pickle-Crow

Jun

Jun

*

Kirkland Hudson

59c

'Dec

18

295

—1

Jan

5%c

6,815

12c 12 Vstc

—•

——

<Kerr*Addison Gold Mines—x.

28c

14.900

46c

'42c

32 %c

„1

—

—

—

"Picadilly

60c
July
18c
Apr
12 %c May

1

Mines
M'Consolidated

Joliet

—i

—

Jellicoe
J

High

Low

par

1

—

LOW

High

Low

Par

January 1
HiVh

Rang* Since

•f Prices

Sale Price

*gTOCKS—

1

Range Since January
.

'Jason 'Mines

"Rang*

Last

frr Week

of Prices

Friday

24, 1945

Monday, December

FINANCIAL CHRONICLE
&

COMMERCIAL

THE

..

28c
5.10
109

Dec
Apr
Dec

Oct

22% July

"1.20 Jan

1.77 Mar

20%

40c

Dec

1.63

Feb

128

Jan

154

Sep

145

Jan

160

Dec

15% May

26%

Dec

18

Jan

29

Oct

99

Feb

106

Dec

i

V

'

Volunie

162

Number

4449

LISTED

CANADIAN
RANGE FOR

Week'*

Friday

for Week
Shares

Range Since Janoary 1

163,500

8c

Low

Winora

Hiah

-zz~1—

.

Gold

Mines

-

Combing," „/i
Wright Hargreaves "Mines.
*'

'

'

>>50

Knitting

3.30

,

25(395/%

——

•■*

common.—

Uchi

67c-

38%

;

43

'32%

$9,200

•Andian : National.

Asbestos

Corp

Par

Range

for Week

of Price*

Shares

Low

;

•A

Range Slnee January 1

Co

of

Power

—*■

.

•

20

30 '/3

Atlas Steels Ltd

32

—A—

•••••♦

'

32

18

Sep

22%

Jan

100

-

•

5,285

Gurd

Brown

Co

58

52

.

20

24%

Apr

32

,

50% July •'

■

175

175

179

1

6

5'/a

6Va

76%

&

Dominion

15

25

Canadian

25

•

Marconi

Canadian

16

1

Western

•Canadian
Coast

Sugars—

Vinegars

Lumber

2

Westinghouse

130

,

Hamilton

Nov

64

Consolidated

155

45%

Jan

79

250

24

Dec

'Hudson

26% July

,

6% Nov

class

15%

—*

_»

A—

90

11

Jan

1,700

5

2

Jan

300

4,950

59

•

Press

.

59

40

1.65

17

l..——.

Dominion

Bridge

Dominion

Textile

.

1.60

200

.14

.16

29,577

Donnacona

22

22

22

50

11

39c

A 35c

39c

2,850
465

•
common.....;

Foothills Oil & Gas

—

40 %

89 %

i 89 %

85c

16%

100

1.50

1.35

1,200

'72

Jan

14%

14%

17%

18

600

14

14 Va

Smith

8,110

.

—

,„

—*

•Preferred

Paper

15

common

J.

—:

—•—-

Minnesota

pfd_

47%

15'A

T2%

Jan

20%

Dec

6%

Jan

16

Dec

25

5%

Sep

9

36

75

27%

Feb

36%

Jan

245

20%

Jan

32

Oct

106

10%

Jan

180

97

Feb

29%

—

!

15%

15«/8

104%

104

15

109% 109 y4

.

101% May

1.50

10

Oil

——;—

Ltd—:

International

&

100

22

Dec

40c

International

Dec

Feb

40%

Ontario

Paper—.

9%

'■

107

Nov

5% May
8% Jan

10

Nov

290

V

3,100
/ 237

Oct

1.60

25

,15%

Feb

25%

Canada

2,230

29 Va

3,590

21
110

Apr

465

30%

Aug

39'A

Utilities

15%

1,617

13%

Jan

16%

Jun

13%

877

12%

Jan

14

Nov

7%

195

31

32 »A

555

18

18

25

41

40%

29

25

23%

Sep

29

Jamaica

Labatt

Public

Ltd

Serv

(John)

Dec

30

27% May
104 y4 Dec
26%

*

1,915

22

Jan

100

101

Mar

60

5

26

Jan

51%

'Massey-Harris

Nov

127%

Nov

•:
•

—

—

•

-

McColl-Frontenac

Oil

—

Grain

Southmount

Stop

1.25

1.90

214,400

2.70

—

2.60

2.70

3,325

common-—i—

18

Investment-—*,

25c

25c

&

Shopi
—
Temiskaming Mining—

18

.,

Jan

1.90
3.10

35

16

Nov

Jan

:

Apr

30c

21c-

301

55c

Feb

S.)————*

19

18,000

7%c

Jan

Dec

31%

Nov

150

Feb

156%

16

Jan

20 Va

Oct

20

Oct

740

y2

10
100

19%

19 %

„

,15% Feb

25

■

r~~~*

29 7/®

Cottons

common-——u_100

Preferred

—zu,——100.-;.
•Montreal Light Heat & Power Cons—*
•

Montreal Telegraph
•Murphy Paint Co common.--

Sep
Dec

National Steel

Montreal Stock Exchange
8TOCKS-

7%
Acadia
5 7o

Atlantic

and

preferred

Sugar common—*
Ltd

preferred ————•——
Agnew-Surpass" Shoe common—
Steel

'Algoma

Aluminum

Co.

Amalgamated

of

Canadian

Anglo
Argus
'

Corp

pfd

Telephone

Co.

9%

9%

16%

"

103

,

27%

Jan

Dec

134

•

190

" Oct

22%

8.236

22% May

Jan

107

20

;

July

56

Price

Aug

Apr

54% July

205

Apr

6

:42

Jan

47

Dec

100

22

Jan

31

Dec

829

:

20% Mar

45

10

May
43% May

45 %

45%

46

Jan

23 'A

23%

725

,,17% Mar

24%

Nov

27 %,

725

20

59%

60%,.

2,831

,'50

60'A

30%

31

„

—

50

'7%

401

48%

51

16Va '

15%

17

30

30

69

69

1

23

805

"

:

River

*

Co__

.

-

29%

29

29%

30%

32
60

99

/ 10%

32

Dec

Oct

23

Jan
Jan

20

19

20

183

183

184

20

' Mar

r-14%

2316

,

52

Jun
Nov

Dec

17

580

8%

Jan

90

,

27%

Aug

31%,-Nov

57'/2 Mar

73
/ Nov
23%^pec

...

"14

Jan

1,285

'18Vt Mar

29%

Pec

preferred

—

; 13%

13%

13%

*3,555

7

Jan,

14 %

Dec

53%

46%

53%

'8,115

32

Feb

53%

Dec

100

Mar

103

Feb

Sep

•'

Co Ltd common.

100

——

101

100 Vi 101

■

355

Transport

—.

_r

15%

845

9%

Apr

17

17

17%

817

15%

Feb

17%

19

20

265

10 %

Jan

23

23

11

15%

15 Va

.—*
•

Quebec

Power

——

—f

Knitting common

Preferred

""Roiland

11 Va

___—,—

: Paper

-

common

_25

'

•

—

15%

25

15

161

-

32

Dec

60

/4

Dec

20%

Jan
'Feb

Oct
Dec

,20

vJan

"22

11%

25

Oct

Jan

16

Dec

2 Va ; Jun

53'/4 "Apr

2,168 "

Oct

8

•

Provincial

Dec

Dec

"

100

Dec

•

Corp of Canada——
Bros &

5%

Jun

99'A

-

Dec

1(90

"3,'947

Dec

63

176

28%

186

23

—.

27%

Jan

5%

150

7%

Dec

15% May

168%

10

21

51

—*

————

174

21

Apr
Jan

24'A Mar

256

31%

174

174

37

Dec

9% Dec

970

24%

47

31

45'/a

__

0

Development

Powell

Nov

13

1.914

60

•
100

Dec

Jan

•

'

32

*

Telephone

Placer

Dec

100 y2

120

2.00

81

132

1,728

44%

common...—69

Ltd

Penraans
"'

Dec

,"'21

94J/a. Jan.

p

50

99%

1.90

Dec

May

5

v'

Dec

14% "Jan

32

17

10

>99

• ;■

pfd

Bathurst Power & Paper class A
Bell

85

30%

75

140% 140%

30

23'A
•

.—100.?

Tubes-

Page-Hersey

Power

56

?

Jan

.Jan

20

989 '

»«-t

—*

Light Heat & Power com—100

Regent
:.

L.
Tel

&

50
'

Jun

44'A

•

common—*

Products

Aircraft-.

Car

;Ottawa

Dec

104

Sep

-9%-

>.90

Dec
Dec

29

26%

Ottawa Electric Rwys———

:

20% .Nov

July

99%
-

35

19%

Range Since January 1
Low
High

;17

v

125

27%

55%

1.90

Corp

1

17

pfd_50

.

105

26%

106% 106% j.

common-————°

Associated Tel

104

127%. 129%

—*

;_i_—-

2,670

103

19

129

'Warrants/-——

Asbestos

27

19%

—100

Corp—

Preferred
•

27%

—

—I—*

Canada

Electric

103 Vi
102

_•

——

20%

"16

16

100

common————

Ltd

Aluminium

104

*-

common—

6%%

for Week

Shares

16%
74

23 »/2 May

685

81

21%

—

—i—

Steel

Ottawa

Hiah

20

20%

100

———

Glove Works

'Acme

Range
Low

Weaving—

Preferred
Ontario

Sales

of Prices

Sale Price

15% NOV

—:

*

Ogilvie Flour Mills common

Funds

Par

>,//-,•

\

'

31

/

•

Corp

Noranda Mines Ltd————

•

Last

Car

Wire

Niagara

;

Week's

Jan
Jan

47

22'A
—

—————.—.———25

Preferred

Friday

9i/4
53

36

"5

29%
81
•

40
*

—

'National Breweries common—.
•

.Canadian

3,655

26%

8 V4 Mar

2,276

i6 y2
74

26

26 Va

14%

15
74

—

Dec

~

Montreal

Oct

23c

Dec

25

24% Mar

14%

14 Va

•

;

Molson's- Breweries—^-—

Dec
Dec

3%

12%

21% Aug

85

,19%

16'A

*

-

(Robert)

Dec

1,040

Nov

Nov

20

300

16

(J.

Dec

44%

12»A

'

2%

-

17%

Feb

1.30

25c

-2

19c

24c

Mitchell

Dec

60

11% July

3,290

r

1.82

Oreille

Reliance

17%

16%

";/

;

Dec

115

30

19

19

3

——

— „,—

Nov

57

Jan

11

Nov

24 Va Mar

25

156 y2156

-100

Lang & Sons Ltd John A
Secord

Oct

127%

30

•

Laura

Apr

Dec

52

Jan

207/a

200

43

Jan

97%

12

common—*

———

Nov

Jan

24JA

com__;—

—

'Lake of the Woods Milling
Preferred

Nov

18%

21%
.

583

44

43%

44

35%

Oct

31 Va

-

1.235

104 'A 104%

104 "A

15

57

Oct

Jan

15%

8,880

54%

100

22'A

8

24%

315

22

22%,

Feb

6,079

*

120

120

.

1,137

48

45 Va

:

•

Corp—

Dec

7%

47%
120

Ltd——*

Co

Dec
Feb

38%

15'A

'

-

...

Nov

29 Va

112

13%

7%
32!A
4oy2

15
100

Dec

16%

Jan

580

Oct

10%

Mar

11

15%

38 Vt

__

•

com—*

;

——_____

International

Dec

48

14%

Feb

27%

15s/8

,'

6%

15%

111% 112

lll'/a

—'*

—

Petroleum

Preferred

v.

Nov

126

21% Oct

Apr

101% May

780

10

—,

/International Power common

Nov

18

60

16%

Osisko Lake
Pend

15% NoV
Dec
109% Dec

105%

10

Oct

95

45%

60

Jan

10

14

,15%
29y2

common—.—;—9:\:

Bronze

Preferred

Nov

Apr

1.27

Mining

Bay

Paper common
_!

1.75

Feb

!

13%

10

—5

Nickel of

July

79

14

/

*

15%

1,785

106
106 Va
9%
9%

•

—

19%

19%

__

—*

;International

July

29

;-

'

'

—*•

Bridge

:International

16

Jan

19Ya

—_100

—

Dec

Jan

125%

100

—

Dec

250

29

,29

'.104% >

*

common—

common—

Mitchell

Langley's Ltd

Nov

•

9

/.>,
International

Dec

98

14%

8% May

36

14 Va

*

Canada—

Nov

29

*

common—

105

9

1
*

Nov

23

•

•

24

91

Preferred ; ————
——£1 / /
Industrial Acceptance Corp com
—*

Nov

59

Mar

28c

20

16%

___•

—

Hayes Steel
Howard

39%

*

*

_

Paper-———-,—:

23*% "Nov

Jan

12%

3.10

Aug

8

A-

Jan

89

•Imperial Tobacco of Canada common_5

/

Dalhousle

Dec

'A Mar

91

6%

50% Mar

1.58
•

15

7

14

'5,915

Nov

'

1.60

Jun

Nov

;—«—,

—

Nov

185

Apr

July

280

,295

—5

Paper

Consolidated

—i—

32

'•12%

—*

Jun

180

2,105

B

Jim

13%

Jan

124

705

,

14%

:Howard Smith Paper common
—*
Preferred
-——100

Sep

63

May

2.25

8,000

16%

4%

—*■'

:

Copper.——

4%

172

24

——

Oct

16%

Jan

Jan

27%

250

32

170

9%

21%

common—■———*

(Charles)

Imperial
Canada
Canada

11% May

Dec

•

100

:

34

77'A

24%

common

Preferred

325

58

100

—

745

530

13%

Gypsum, Lime & Alabastine——
•

—57V4 ' 57'/4

Pulp & Paper com__•

Preferred

13 %
11

%

10%

22

'Bollinger Gold Mines—--.
British Columbia

41

13%

—

Preferred

r

High

Low

Hiah

20

_

Feb

31

—

class

Generarsteel Wares

'

—

29

Sales

Week'*

^

850

172

preferred —
—100
5%% preferred —__100

Funds

Sale Price

/' /

.

40%

21%

5%

...

Nov

39%

24

Players Canadian Corp

Gatineau

STOCKS—

90

10%

—25

Heating Products

'Foundation

-

Dec

Jan

Sep
July

common.

*

Electric

Famous

Last

13%

42%

"35

Corporation

Enamel &

'English

Friday

12

305

13

<«

Dominion Steel & Coal class B
Dominion Stores Ltd

'Electrolux

Canadian

28%

390

Dec

43

Oct

290

13%

86%

'

-100

Dryden Paper

42%'

30% July

29%

84

40

•

H25

Dominion Tar & Chemical
Dominion Textile common

Bonds—

High

84

•

Dominion Glass' common

Oct

18

a3,4 -PCb"'

Range Since January 1
Low
High

Shares

13%

29%

—

Dominion Coal preferred
Dominion Dairies common
Preferred

Dec

May
Nov

37c

-

271

„—

65c

B

Low

•

A

—

Nov

5.60

Jan

class

Distillers Seagrams common
Dominion Bridge

Nov

25

■

6,000* *33c t Dec

■v

Girl

^Atir^

•"lll^

2.600

Mines,

Ymir Yankee

v-

Class

Dec
July

-e&Atmn***-"- .95
-30 c''-£>#^^'''480

•

-'

-

14%

Apr

Leather

?!

Bale*
for Week

Range
of Price*

8ml« Price
Par

Davis

Apr

41c

A

;

\

.Yellorex

Jan

6

15,727
'■«. 120
: 8,680

STOCKS—

High

Low

"Wool

York

Last

Range
of Prices

Wiltsey-Coghlan MinesWinnipeg Electric common

Week'a

Friday

Sale*

Last

"STOCKS—

MARKETS

"WEEK ENDING DECEMBER 21

Sale Price

1

Preferred

3107

[THE COMMERCIAL & FINANCIAL CHRONICLE

184

*:

,Nov

•

105%

100
.'*"
30

Saguenay Power preferred—
St Lawrence Corporation common

105% 105%

358

9 Va

9%

2,430

'34%

36 y4

2%

36%

37

90

33 Va

Paper-preferred—.—-100

92

81

92

4,252

58%

——*

22

20%

22

3,763

;30

745

155

10

A preferred
:
f<St Lawrence Flour Mills common—.—41

Dec

St

Nov

Shawinigan Water & Power

Sep

Sherwin

Lawrence

1,380

Oct

Jan

-105

9%
35%

107%

May

11%

NOV

40

Nov

Jan

38

"Jun

Jan

92

18% Jan

Dec

"

Ltd—-—--———_*

Mines

Bralorne

Brazilian

Trac

Light

American Bank
Columbia

Class B

Pr

Power——,.*

&

British

British

;■ 18%

Note—

a 27 v.-

•

Corp A

22%

-•

18%:

25%
22

27

r

222

30

;•

'-4%
18%

18%

18%

23%

—

23%

23%

20%

119

13%,/ 14%
131%

:«75
1104

26%

405

4%

4,235

28

23%

Jun
Jan

2

842

20%

4

'18%

Feb

15%
21

1,052

;•

——

22 Vn

3,411

Va '22%

27

?/T'5%-/'Apr'

200

May

f 30

47/s

Nov

Williams

Preferred

-l

Canada

of

30

corn—

——

Dec

Breweries

Sicks'

Building Products class A——
cBuloio "Gold" Dredging.—

(Canada, Cement
Preferred
(

Canada

——

v

5

"i'4%

common——

——-—_

——

"160

131%

131

26%

Forging.?' class ' A—_——

25

>

.

100

11

,18%
17

x
■.

29

Jan

'24

Aug

Jan

24

May

119%
20

Feb
Jan

..

15%
131%
27

Canada

57c

Northern

Power

Corp.—_

*

.11

.275

17%

18%

530

47%

lio

;

—

,11%

'17%

Steamship" common——.

preferred

47%

48

2,132

.7% Jan
11% Jan
40

Jan

Oct
Dec
.Jun

12

Southam Press Co——

rSouthem Canada

—

Canadian

Bronze

Canadian Car &
Preferred

22%

Foundry

common

——-1———

_•

22%

45

•

common—.

45

17

—25

-

9,730

8Va

Jan

5%
Steel

/

—•

of Canada

10

Mar

17

Nov

28

Apr

35

Dec

Cottbns

•

common—

Canadian Foreign Investment—

39

•

Preferred

Canadian

57

32%

58-

-222

39

200

32%

32%

47

46%

47

17

'16%

17

•/

50

335

'46

B

Class

Xnd Alcohol common
:

—

*

—,—

Canadian Locomotive

•

Canadian Pacific Railway—
Cockshutt Plow

,

—

,

39

14

,37%
19%

15%

39

Jan

59

Jun

37%

Oct

41

Nov

26J/a

Jan

32 %

Dec

Biscuit

Preferred

Yellers

Ltd

Apr

16

15%-Mar

40

Oct

11%

Feb

207/a

Jun

12 Va

Apr

18%

Dec

Jan

84

Dec
Dec

Nova

Dec

Royal

5,173

17%

1,115

79 %

812

42

42

42

125

33

Jan

42

47

47%

235

38

Jun

47%

For

——♦

Seal

footnotes

Co

see

-———*■

page




3109.

15

Jun

20

Nov

210

10%

Jan

13%

13%

4,240

T4%

July

99

Oct
Dec

14

Sep

8

100

Dec

40

69

Jan

79% Nov

120

74

Apr

80%

Jun

1,290

7%

Dfec

"3% 'Apr

'6%

7%

15%

'7%

*
*

——

:

'

15%

71

73

"235

58

104% 109

,

20

12%

Jan

15%

73

Mar

75

Dec
Nov

3,326

70

Mar

109

Dec

-*

22 Va

22 Va

235

21

Apr

22

Va Aug

*

26 Va

26 Va

180

18

'Jan

28 %

.*

—*
100

Montreal

20%

&

13%

106

2 2'A

22%

5

19%

Jan

22%

14%

13%

14%

3,750

6%

Jan

14%

93

92

93

160

75

*

Commerce

49

6 Va

16 W

Cork

405

14%

Jan

Jan

*

34%

35

150

23

—;———25
—25

27%

27%

85

26

29

29 Va

30

26 Va Mar

16%,

16%

Oct
Oct
Dec
Nov

94

36%

Nov

27

Va

Sep

29%

Jan

Dec

'412

77

Crown

19%

14

245

common

Preferred

Dec

17%

Consumers Glass

'14%

79

Winnipeg Electric common

Mar

79%

20

..

79%

__—

(Geo)

19

Jan

•

25

Dec

100

Ltd

47

6ya

Consolidated Mining & Smelting——5

'

Nov

28 %

79%

common———.—

Wllsils

Apr

33

*815
420

37%

Jan

78

"United St6el Corp—

common

"5Vc
Canadian

Apr

16%

100

Walker Gooderham & Worts com

38% May

470

*39

"

25

Wabasso Cotton

2,005

58

22%

100

—-—109

Dec

17

_100
*

common

50

28%

common——•

preferred.—
Co

Weston

Canadian Celanese

37%

28%

24% Nov

3435

333

Dec
Dec

Dec

45

J16%

34%

22%
'45

—*
•

Power

/ Standard Chemicals common———*

Viau
Canadian Breweries common..

30

155

22

Nov

18% Nov
48

Mar

145% Jan

19

——

Preferred

Cafiada

Nov

Nov

Jan

"9% Jan

22%

37%

•

common

—

—

Feb

Dec
«

EruckfBflk Mills

28 Va

155

.100

16%

preferred

67c

preferred

%

Feb

Banks
80

15

Jan

16% July

19

17%

19

680

14

Jan

18

Dec

—10
-10

21%

20

21%

561

16%

Apr

21%

Dec

31%

31%

31%

165

May

31%

Dec

10

19%

18%

19%

856

Jan

19%

Dec

*—10

Canadienne

10

Scotia
—

•27

15%

1

>\

THE COMMERCIAL &

3108

LISTED MARKETS

CANADIAN

WEEK ENDING

FOR

RANGE

Monday, December 24, 1945

FINANCIAL CHRONICLE

DECEMBER 21

-

Friday

V

Last

Sale*

Week's

for Week

Range

'

Montreal Curb Market
Last

STOCKS—

of Prices

Par

Low

1

Range Since January 1

Shares

-

6

-100
cumulative preferred—_—
cumulative preferred
l_w_,_100

6%

7#

Pow

Bathurst

85

Packers

Columbia

Preferred

Calgary

<fc

._—

10

6 %

100

36

5 Vi

-

76 Va

6%

76

77%

•

&

Power

Paper Inv

Cassidy's
Catelli

Limited

Food

Adv

Preferred

Alcohols

Ltd

Centremaque
Gold Mines——— .—1
__1 '
Century Mining Corp Ltd

53
Z

2

Feb

95

Feb

100

10

1.725

2

Jan

'40c

15

Jun

4%

276

1.50

Cournor

6%

Nov

Donalda Mines Ltd—————r—-i

Jan

1.90

Nov

-Duquesne Mines Co Ltd_—.

—1

13%
14

Dec

East

Malartic

Mines

1.80 Aug

3.15

Nov

Sast

Sullivan

591/2

Dec

Elder

Consolidated Paper Corp Ltd

2.95

11,510

59 Vi

175

11

50

11%.

520

6'A

Jan

12

16

16

50

14%

Jan

16

6%

6%

20

50c

1,000

60

Mar

2oc
42

190

6%

6,690

7%

350

6Vc

50

29

25c

Engineering

13%

15%",

14

15%

30,093

1.65

200

_*

42

44%

40%

40%
18%

Dominion

Woollens

Donnacona

Corp.

•

181/4

18%

Eastern

Aircraft

Aircraft

Sec

Jun

Jan

27c

May

7c -May

31c

14,000

31c
-47c

38c

75c

4,700
32,300

•

54c

Mav

6,000

33c

Jun

62c

Nov

15,500

10c

Jan

45c

May

•

2.62

j.

2,500

Sep

2.40 Mar

1.15 Mar

2.30

Apr

2.99

Jan.

,.-23c.

Dec

75c

54c

200

1.48'

1.40

1.10 Nov
Dec

200

4,800

2.62

Jan

Jan

58c

1.46

.

May

1.33

Jan

„

4c

1.25

1.45

•

6c

3,600

9c

11c

1.48

-1.48-

Jun

1.40
45c

500

20c

Mar

80c

90c

4.750

80c

Nov

V 30c

32C

4,000

28c

Sep

47c

Dec

20'Ac

Apr

67c

Nov

64c

Dec

96c

Nov

Gold Mines-—

90C

1

15% Dec

Kerr

2.00 May

:.. 500

3,500

.

/

.

50c

52c

64c

67c

65c

7.00 May
Nov

Apr
Oct

1.10

1.70

.

37c

..35c.. Dec

17,500

81c

52c
;

9,100

67c

——1

Kirkland Gold Rand Ltd

Consolidated Gold
Gold

Addison

Mines

:

3.10

Dec

Sep

1.75 May

Gold

Mines

44%

Dec

Leitch

43

Nov

Ling man Lake

18%

Dec

Louvicourt Goldfields

2,185

7%

Jan

14

9%

Feb

181/2

Nov

17

17

20

735

13

20

Dec

48

491/8

140

19% July

4

4%

870

2

5%

6

615

3% Mar

Jan

17

Nov

7c

Jan

28c

Apr

Jan

25

Nov

14

500

24

100

1.47

1.47

100

Feb

1.48

Sep

1.25

1.40

5,100

46c

July

1.95

Nov

1.35

1.37

1,000

92c

_Jan

——

———l

;

18
1.38

2.05 Mar

f

Dec

2,700

1.50 May

11%

200

,

13yac May

Jan

7%c

.

14

—4——1
—1

Ltd

Jan

15%

15%

3V«c Jan

2,130

16.303

tj24

i——_T——1

Ltd

Feb

13%

1
Ltd——1
—

7%c
82c

7C-

1

Mines Ltd

Mines

Shore

30

*

Jan

45c

Jan

Jan

2.55

1.30

J-M

5

I

1.40

V

Joliet-Quebec Mines Ltd

17%

L-

Ltd

60c

16c

32c

58c

LZZ---—

Dec

16%

—_____5

Corp

Dec

54c

————-—1

Lake Mines Ltd—

4

•

Sep

•

.

Macdonald

Dec

51

5V2

' Mar

7

Nov

.July

Nib

Yellowknife

32

30%

32

1,991

25

45c

com—.

25c

85c

4,755

30c

Jan

Dec

33%

Jun

2

Mar

34%

Jan

52%

Dec

4.00

4.00

1

20c

20c

Ltd——

1

29c

31c

20.200

28c

25c

20c

25c

.7,500

20c

1

3.70

3.60

3.70

5,300

25c

25c

5,000

24c

Dec

67c

Apr

36c

38c

11,100

10c

Feb

46c

Oct

26c

26c

1,000

24c

Sep

62c

1.40

1.40

100

25

25

3

12

Sep

25

Dec

_10

17

17

55

15

Apr

17%

Dec

Inter-City Baking Company Ltd--. -100

72%

73

55

50 -

Feb

75

15

Mines

500

Jan

2.22

■,

20c

Dec

Dec

43c

Aug

Dec

31c

Nov

Dec

20c

500

"

Gold Mines

28c

-

37 %c

Cadalllc Gold Mines Ltd——1'

—1
Ltd.—;—1

Mines

:

2.25

3.90

Jan

1.20

Dec

Apr
1.79 May

Jan

Occ

14

3.35

——

——-

Paramaque

Nov

1

LCd—_

O'Brien Gold Mines Ltd—

Pandora

Dec

4.00

4.10

Mines—

Ltd

Lake

Graham

Norseman

4.10

1.55 July

11,400

3.20

Gold
Mines

Mines

Red

McVittie

Omega
Pow

27c

2,400

Dec

13%

Ford Motor Co of Canada class A—

Foreign

Oct

9,600

4,800

15%

1.7%

49

Ltd

Nov

57c

3.85

85c

pfd_100

Ltd____

48c

Dec

43c

'

Heva Cadillac Mines————
Indian

13%

Products:

Steel

Fairchild

Sep

Dec

40c

1.33

Mines Ltd

Madsen

Fleet

87c

29c

2,000

Nov

Oct

8

*

cum

Feb

15,600
.

3.40

Eideridge
Formaque

•

Paper Co Ltd

Kootenay Power 7%

37%c

Oct

1.25

'

East

Dec

3.65

35%

.110

Square

93c

v

1.32

Jan

8'A

75

Ltd

Feb

2.62

Jan

6uc

9,500

Dominion Oilcloth & Linoleum Co Ltd—*

Dominion

Works

17c-

Ltd———i

Eldona Gold Mines

Ooldora

Nov

6%

Jan

■

Oct

65

Mar

12

15

3%

Dec

Lake
Dominion

3,500

Mines.—22———-——-f

Gold

Nov

60c

Apr

1.65

15%

f

7.

.

Feb

64%

6

Sep

8%

Feb

4

7%

A*//./-*

May

1.25

Mines.

Mar

23c

Nov

Apr

44c
38c

—1

———

Jan

59

40

'

5

Aug

Mining.:

.44%c

Jan

'29c

30%c

—5s

Mines—

Yellowknife

Colomac

6%

2.85

.

III

Cadillac Gold Mines Ltd—

1.41/2

2.95

■

Malartic Gold Mines Ltd

July

Dec

8c

9c
*

19c

9%c July
3c

10c

Ltd__

Mines

Gold

25

59%

6%

Mines———_——-

2,750

13

12%

64%

Jun

-

Gold

Canadian

Nov

'5

.175

''j'j 34

1.50

*

Ltd

Oct

12%

4%,

"_-._-_2.50

Cub Aircraft Corp

59%

-15.

13

•

A

Preferred

15c

Brazil Gold & Diamond M Corp—

Jan

99

Feb

Dec

36c

32c

64.

5

Consolidated Div Sec

27c

Central

12%

—.-lOO

common

Bouscadillac

Dec

13%

50c

Preferred

Dec

30c

Oct

com.;

___-

Commercial

Bonville

40c

175

.1.1

62

.

11% Mar

24,000

58c

40c

167% May

156

222

3%

8

,.26%

t

2,260

r

29c 30 %c

.1.

Mines—a-:—_.

Aug

*

Ltd

Co

General

Neon

Claude

pfd—_

Oct

31%

50c

.1

Gold_^.—-——.

Lake

Red

Mar

99 !

Dec

4,500
-

84c

15c

Beaucourt Gold

16

1.50

•
1'.
15

common

58c

Ltd__—_.

Beatrice

Dec

168

13

Products 5%

Knitting

Celtic

_1

Mines

Aubelle

Jun

109

75c •'

76c

Jan

12%

common

Westinghouse Co

Dec

26%

V

7%c

Dec

4%

Canadian Western Lumber Co_———2

Canadian

110

Feb/

22% Mar

43c

7c

13

12

•

com

105

79V2 Nov

....

40c

12

3%

34,300

8c

40c

7%c

170

,

10c

Oct
Dec

10%

Jan

16% May
8
Jan

70

8%c

——

150

62.

-t..

Ltd

Jan

15%

99

27

.

12%

3%

preferred - —Z——00 h
Canadian Light & Power Co—100
Canadian Marconi Company/-"
*.1

Vickers

Stocks

15%

Canadian Internat Inv Trust Ltd com *"

11

Dec

24

Feb

4

200

1,785

26%.,
V

Aldermac Copper Corp Ltd
__,
—1
Alger Gold Mines Ltd
—
—
Arno Mines Ltd
rr*-"
Astoria Quebec Mines_-__—*^.——i..

6% Nov

12%

175

3%

*

5

26

11

May

173%

125

26%.

20

165

10

4T'b

*7

40

164

24

_;._4"

25

24

Jan

26%

10

Jan

24

Oct

17

7,722

24

-.100

Ltd—

Hotel

Mining

Aug

Jan

45

625
v.

26

25c

•

•

Dec

37

-

Nia.r

2.30

10

—

...

50

125

107

26%.

24

,.100

165

preferred

I

109

Apr

6

16

24c

*

25

109

•'
100
Canadian Ingersoll Rand Co Ltd——_*■'/

5%

-

Dec

30c

305

115

Nov

26%

Jan

25

946

.

.

14

Feb

2%
n 5%

Jan

11%,

25c

*

Ltd—

Corp

.

26 Va.

.—J

Ltd-t.

Products

Jan

May

22c

u

115

.

A—..

B

Low

High

'

■

9,375

25

109

Canadian Industries Ltd class B
7 Vo
preferred
;
4.—

Canadian

8%
23 Va

50

-

.

110

110..

24%;

24%;

Ltd 7% pfd—10u„
Canadian Dredge & Dock Co Ltd
•
.Canadian Food Products
—
*
Canadian General Investments • Ltd—*
Pow Corp

Canadian

1,343

Windsor

1,275

1

Dominion -Sugar—4—_*__•*

Can North

Westeel

Dec

12%

Ltd pfd_——100

Power Co.

Canada

Dec

7

26s/s

36

————

United

173%

Jan

12 %

Ltd—

Company oornmon..

Brown

Dec

Jan

25 3A

class

Ltd

Securities

Mar

3

85

Co

Corporations

44

26%

•

Low

-

Distillers of Canada Ltd

144

6

—*
i.100

pfd-

Invest Co Ltd—

Screw

United

6f«

Pr

United

Dec

1,102

7

i-

—5
Ltd-

6%

3,372

85

■

British American- Oil Co Ltd——
British

80

173 173 %

*

cl B_

Van

of

Distillers

&

Brewers

Pap Co Ltd

&

'<

2% Mar

12,720

6Vo

Stowell

High

Low

Hiah

5%;

Canada

Southmount

•

Abltlbl Power & Paper common—

Bridge Co, Ltd—

Southern

for Week

Range

Sale Price

:

»

Sales

-

Range Since Januaeir 1

*

Sarnia

Week's

Shares

of Prices

Par

Canadian Funds

Friday

Bale Price

STOCKS—

Fraser

Companies
Godfrey Realty Corp
Halifax Insurance

52%'

International Paints

5%

cum

(Can)
preferred—

Inv Foundation Ltd

67o
Lake

St

John

Lambert

Co

15
32

■

9

Ltd

__

'

57

61%

8%

8%

1

13'%

13%

605

33%

/ 33

33%

666

Maule Leaf Milling Co Ltd common.

14%'

14

14%

28%

28 %

28%

—

33

Red Crest Gold Mines Ltd

Sherritt-Gordon

8% Mar
Dec

14'A

McColl-Frontenac

Oil 6 %

Distilleries

Melchers

Ltd

100

pfd—
pfd—i,

100

!

& Ontario Paper Co
Royal Hotel Co Ltd

Mount

Noorduyn Aviation Ltd
Nova Scotia- Lt &

Pr

Pow

Corp of Can

Ltd

36c

3,300

3.10

3.10

300

2.19

4,700

1.50

Jan

Oct

Villbona

Nov

Wiltsey-Coghlan

17'A

Oct

Wright Hargreaves Mines Ltd

Feb

108

14%

14%

1,625

16%

'16%

17 %

4,015

11% July

10 Va

9

9%

11

275

93

93

8

78

May

109% 109%

29

99

Jan

109%

Dec

3d

Jan

46 V2

Feb

44

44

45%

39

40

3%

345

39

6%

252

14
14

Jan

Dec

Week Ended Dec.

Jun

Shares

Saturday

619,360

.

Stocks

Oil

",K

_

fiast Crest Oil Co/Ltd—
Homestead Oil & Gas Ltd
Royallte Oil Company

r.

Ltd——1-—*

Bonds

Bond*

Sates

$27,500

$145,000

$3,308,500

6,164,000

224,000

51,000

5,569,000

271,200

47,500

5,887,700

6,489,300

241,000

10,000

6.740,300

Thursday——
Friday—

;

797,335

3,929,600

331,000

14,000

4,274,600

6,439,000

942,196

3,899,000

306,000

156,000

4,361,000

6,675,061

$29,186,900

$1,518,200

$306,000

$31,011,100

Week Ended Dec. 21

"

.

'

:

"*

6,675,061

1945

",6,999,583

$306,000

Total—

371,551,888

.

255,822,088

?eioYuaT\T
listed on the New
..

York Stock

$7,931,550

30

102,009,000

2,538,285,000

$67,291,700 $2,234,060,810 $2,645,990,200

as

December 18—"_ ^

10

December 19_

_

_

December 20____

December 21__

20

II

Total

10

Rail¬

Utili¬

65

Indus¬

Grade

Grade

road*

ties

trial*

Ralls

Ralls

115.74

64.49

72.82

105.54

190.37

62.61

37.21

71.25

105.60

190.98

63.24

37.50

71.65

105.60

37.50

71.57

First

190.62

63.23

38.14

Second

foornores

10

Total

Utili¬

40

ties

Bonds

101.50

108.94

107.93

115.52

101.25

108.86

101.38

108.83

115.55

101.68

108.90

33,000

36,000

1,000

336,000

188,000

58,000

9,000

255,000

$1,467,000

$243,000

$50,000

$1,760,000

286,000

$7,000

295,000'
317,000

J an. 1 to Dec. 21
1945
1944

1944

140,398,054 *

1,655,346

3,303,030
,

$1 467 000

Domestic

69,190,739

$2,931,000 $129,839,000

$166,648,500

33,844,000
' 1,128,000

' 1,237,000

'243 000
50'000

—

Foreign government

'

75,000
8,000 '

9,785,000

Foreign corporate

$1,760,000

Total—

ChemicafBank

--$3,014,000 $164,811,000 $177,670,500

City Banks & Trust Cos.
'

Ask

Rid

4JL

SSaYoveVBlnk&'frl^

p*r

B,i

^^^3! ^izii-ioS

Ask

212

371

20%

'

127A

,

1,940
50
63

&

Trult"--^

—CS Nati°nal Ban^_f_20

51%
x49 'A

;

533%
52%

Manufactures

J™*

National City Bank

107.92

•

-

316

12%

47%

49%
114%
47%

37.51

71.19

105.58

115.57

101.71

108.93

107.95

Fiduciary Trust

37.70

71.09

105.67

115.62

101.74

108.96

108.00

Fim




41,000

Stocks—No. of shares—

62.91

3109.

13,000
43,000

243,000
299,000

1945

62.66

page

Total

$271,000

•

107.84

105.56

..

252.000

'

107.81

115.53

Value) v
Foreign
Corporate

3,303,030

189.07

see

Foreign

266,000

437,245

Total

189.36
_

Bonds (Pgr

v

$52,000

Thursday———

ELH

-Bonds—

10

193.76
_

Exchange

$219,000

——

Par

trial*

December 15^

December 17

Apr

473,860

New York

compiled by Dow, Jones & Co.

—.

Stock!

22 Vi Mar

438,195

Wednesday——L—

Averages

Indus¬
Date-

For

$5,696,200

103,468,460

2,122,660,800

Exchange

Stocks

18c

Oct

Domestic

—

averages of representative stocks and bonda

.

21c

Jan

>18 %

615,430

Monday

Bonds

$82,000
1,670,000

Stock And Bond

Sep

4%c

799

Week Ended Dec. 21

65,539,700

$31,011,100

9c

7.000

Shares)

\

1944

29,186,900

Industrial

1,000

9c

21

Stocks

Jan. 1 to Dec. 21

-1944

1,518,200

Railroad

Apr

Government

—

'

Foreign

5.55 Nov

394,635
943,665

Week Ended Dec. 21, 1945

Saturday

Bonds

-

Jan

10c

0/

974,590

U, 8. Goyernment-

3.95

40c

21

21

v.

(Number

1,987,060

Stocks—No. of shares_,__

100

37'/2cDec

Feb

8 %jc

—'

Bond

1,354,520

:

—I

■

Government

Foreign

Monday-

1945

——•

Total

Tuesday
Wednesday

Total

5.15

10c

Mines Ltd—————1

Dec

37c

,

Dec
<

Daily, Weekly and
United States

$3,136,000

30c
10c

Dec

u3c

1,000

Transactions at the New York Curb

Exchange

Railroad

21,1945

1,000
45,500

25c

5.15

36C

Mines——————

Daily, Weekly and Yearly
and MisceX,
Bonds * ;

3.35 Mar

3.80 Apr

;

Va July

50

36% May

Transactions at the New York Stock

Number of

Apr
1.00 May

Mar

94

Jan

Gold

33c

25c

Tiblemont Goldfields

9%
15%

Stocks,

Dec

1.05

j

Dec

35c

30c 37 %c

33c

Sep

2% Mar

red pfd— .100

Quebec Pulp & Paper 7%

1.00

Nov

2.80

Dec

85c

Jan
Mar

2.70

60

-50

6V0. N C part 2nd pfd__

65c
60c

35 %c

—1

75

;

Dec

36c

-1

Iron Mines Ltd

108

com.

Nov

1.65

—1

Gold Mines—

7%

9 Va Mar

1st pfd— .100

1.55

8,700
,

Oct

65c

»

Feb

Jan

66c

1,800

Sep V

Apr

Jan

4,745

'

14

.

Co

-cum

.

10%

Minnesota

1

1.27

51c

25c

Jun

15c
34c

•

300

v

30% NOV:

105

85c

100

;

95c

7%

I10
—5

;;

1.65

80C

85c

27c
1.45

83c

106'A

106%;

•

common-.

Preferred

26c

1-45

i

80c

Steep Rock

Mar

14.300

1.45

———1.

Ltd

Mines

Sullivan Cons Mines Ltd——

.122

.Jan

Mines

Nov

135

6c

..

90c

Standard

Massey-Harris Co Ltd 5%

3.500

83c

Gold

Feb

16%

July

12c

Nov

40c

Nov

21c

Ltd—
1
Stadacona Mines 1944 Ltd————*

Siscoe

33%

Jan

30c

8,000

27c

Jan

12

11.700

1.65

-1
Sheep Creek Gold Mines———50c

Dec

61%

35c
40c

11 %c.

Ltd

Senator-Rouyn

31c

35c

—.—.—*

Rochette Gold Mines

1,855

-

——-—.—

—

Dec

Jan

35c
39c

1

_——

Yellowknife

Dec

51

22%

Mines

Mines

Gold

Quebec

Nov

9%

Jan

Feb

6% May
9% Aug

30

MacLaren Power & Paper Co

Jan

49 'A

..

Gold

Perron

Pitt

Nov

24

91

315

.

15

5

42
-

% Mar

21

277

50%

■-

4

310

9

50%

61%

Inc

7,137

33

31%

9

50 Vi

_50

„

P

(Alfred)

Lowney

T20

:

P

••

common-—

pfd

conv

•

Ltd A—

52 %»

47

,

Lj__.

Company

1_.

39%

N^ional Banklll.—-100 2,045

41 Vi

2,105

Title Guarantee & Trust
United States Trust

-12 23.
100 800

24%
830

»

.Volume 162

THE COMMERCIAL & FINANCIAL

Number 4449

CHRONICLE

3109

OVER-THE-COUNTER MARKETS
Quotations for Friday, December 21

.

.

For Quotations on Real Estate Bonds

Specialists
in

OVER-THE-COUNTER

Shaskan

SECURITIES
>

Firm Trading Markets
\

250

1920

) 40 Exchange Place, New York 5, N. Y.

ISSUES

ACTIVE

Tel:

120 Broadway, New York

Ward
Established

Members New York Stock
Exchange
Members New York Curb
Exchange

in

"

/

Co.

&

Members New

Co.

&

Phone:

Bell

Teletype NY 1-953

2-8700

REctor

Tele. NY

DIgby 4-4950

1-1287 & 1-1288

York Security Dealers Association

'

Direct

Wires

to

CHICAGO

PHILADELPHIA

—

Reorganization Rails
(When,
'"'Bonds—

Investing Companies
Pat

,

Aeronautical Securities

-1

10.68

n.71

6.32

6.91

American Business Shares—

1

4.84

11.99

Keystone Custodian
Scries

5.30

Foreign Investing.IOo

American

Assoc'ted

Par

Ask

1%

Affiliated Fund Inc

13.01

Standard

shares—

Oil

Axe-Houghton Fund Inc
Axe

Bid

—1

8

40.41

6%

6%

K-l

Series

Beneficial

bond

Inv

Corp

Tr

„

of

—

America

Fund Inc

Boston

Fund

116.00

10c

9.49
28.84

Loomis

26.23

Loomis

40.56

43.85

Chemical

Sayles Mutual Fund—*
Sayles Second Fund—10

23.85

4.10

4.70

•

Fund

34.43

37.02

Mutual

1

13.07

14.14

Nation-Wlde

Christiana

;

Securities

Preferred

1002,980

com

100

-

Commonwealth Invest

Common

-

1

Investors

Trust

Mass

Investors

2d

3,080

145

.1

Consol Investment Trust

150

6.36 Y
68

6.91

Invest

Balanced

Fund

I

71

Diversified Trustee Shares—
D

Dividend
Eaton
,,
-

Bond

19487

23.82

Fund

Financial

Mutual

7.30

8.30

Low

1.69

1.86

; ■•••

Aetna

6.91

Aetna

9.50

10.55

Aetna

8.10

series

8.91

28.18

2.38

New

England

Fund—

9.03
36.12

Agriculture

A—2

6.49

^.43

Automobile

•

16.93

17.10

American of

8.13

New

45.18

1

1

2.61

32.96

—

6.15

York

Bank
6.46

Stocks

—.

——.—17.40 '•

—

Monarch

Fire

Casualty

:

—3%

19%
34 V4

37%

10

20%

22%

National

American

Surety.

25

71 %

74%

National Fire

41

44

National

Union

19.20

Automobile

10

13.19
10.87

Baltimore American

16.43

Bankers & Shippers
Boston

2%
25

11.21

11.08

12.18

11.46

12.59

Connecticut General Life

12.50

13.73

14.63

16.07

Continental Casualty—,
Crum & Foroter
Ipc_

Electrical

Insurance

7.92

Machinprv

14.55

equipment
stock

„

,

Merchandising
u

—

e—

8.76

10.46
10.32

13.50

Railroad

9.39

Railroad equipment—

8.66

9.52

10.55

,

6.25

10.03

Steel

11.61

North

Amer

Trust

Series 1955

6.88

shares—

9.45

I

City

Fire

of

New

8

Petrdieum

.

—

...1

3.70
3.41

7.15

7.86

4.29

Putnam

6.66

Republic Invest Fund
Scudder, Stevens & Clark
Fund, Inc

10

21%

10

York—.:

68

&

Trading

tGeol

'

.

18

-

Fund—.

16.69

)

17.95

'4.85

'

5.33

5.27

5.80

7.46

Inc
10c

1.81

Y 1.86

Employers Reinsurance

_6

29.93

32.18

•

2.18

Ltd—

—

Insurance Group shares

22.06

1.03

1.13

1.16

Group shares-

of

20.14

America.

10

Investors Fund O

]

1.28

16.59

Franklin

13 %

15%

60

Providence-Washington

—10

38 %

41

2
10

29%

32%

10

22%

24Va¬

2nd

preferred

Great

American

Bond

Fund

A—-

k

Reinsurance

24.53

st Paul Fire & Marine.

72

Seaboard

10

34%

54%

Security New Haven
10
Springfield Fire & Marine—25

10 %

11%

Standard Accident
Travelers

39

42

93%

97%

U

34%

35

31%

10

111%

116%

%

Lt &

Pwr

Shares A

^

21

)

19.82

Wellington Fund

Recent

21.62

Bonds—

Holding

Arkansas

Corp

—

36%

3734

1

7%

8%

Huron;

10

Holding Corp.—,

57%

60

i.00

1.15

Page 3108

.

&

Pow

Lt

88

61

36%

3s

1974

107%

107%

Connecting 2%s

1975

100

101

3VaS——1975

104

39

Cent

•

Bid

107%

105

100%

K—1980

108

108%

Dayton Power & Light 2%s 1975

102

Home

O.SOft

100.1

Loan

April

15,

Other

102 %

Conn

Pub

Lt

&

RR

Serv

Pwr

3s

2%s—,.1975
ser

1953

2s

2%s

99%

b0.90

City Southern 4s—1975

103%

101

102

104 %

0 8 Conversion

105

105 %

U S Conversion 3s

1947

105%
108 %

105

105%

27/es__—1975

101 %

101%

102 %

103

Power

3VeS—1975

100%

Panama

1961

133

3s

1949,

3s

101%

100 %

101

3y8s

Ass

1975

of

St

Louis
1985

—;

Service 2%s

Power

Lt

&

&

Preferred

107%

104

104%

1975

101%

102

Light 2%s_1975

101%

102

102 %

103

Tel

3s

1975

Stocks—

Par

Monongahela Power 4.40ft—100
Ruppert (Jacob) 4%-i
100

111

112

106

107

Union

%

106%

107

Oil

(Cal)

$3.75

*

Ask

100

United States Treasury Bills

134

Rates

TV

quoted

are

Bid

Quotations For u. s. Treasury Notes
32ds of

more

101

-0.80ft

102.21

100'/a

or

Texas

Western

J.07%

Pow & Lt

(Okla) 2%s—1975

2%s

105
103

107

Co

RR

104%

3%s__ 1975

Issue*

100.30

100.13

one

Term

%

Banks—

1946

100.28

Figures after decimal point represent

Reading

Elec

(Indiana)

Texas Elec

1974

Pow

Serv

Public Serv

100%

Mountain States Power 3s—1975

100.11

Canal

Pub

101%

Vt

Y

Elec

Portland Gen

Montana
Bid

Federal

N

107%

104 %

1974

Monongahela Pewer 3s_—.1975

Ask

Ask

...10

49 %

58

2.50

Narragansett

3%s__ 1974

Birmingham Electric 3s.

Houston Lt &

Of Governmental Agencies

Rid

625

47%

Ask

■

Minnesota

Int. Bate

610

4

Security Issues

Bid

Investment Banking

Kans Okla & Gulf Ry 3%s_1980
Laclede Gas Lt 3%s—
.1965

Maturity—

44%

__

Kansas

1953-1951—

100

Westchester Fire

36%
126:

—

41%

Fidelity & Guaranty Co.—2
Guarantee

58%.

.

11.08

U S El

FOR NEW YORK CITY BANKS & TRUST COS.—See

1,

U 8

121%

.10

79-

•<

27.50

Erie

1960-1948—
1955-1953.^

S

76

,

10.24

25.16

Preferred Stock Fund

First Boston Corp—

Bid

12%

Surety..

U S Fire

29%

...

23.49

Union

30.36

100

8

55%

20%

(Texas)
(Paul! Fire..

> 25.29

10.13

28.06

1, 1956-1946
3s May 1, 1956-1946

6J/2

25 3 4

Republic

8

Fire

(NY)~

Corp

Revere

1.12

9.37

Blair & Co

Pederal Land Bank Bonds—

110

16 Vs

10

Hartford

105

107%

15

——

Hanover

60.50

—28

15 %

Rutgers Fire com—.15

93c

21.49

series

B—

C—

&

8%
99

24

52

8.29

"16.71

22.56

.8

18%

-14.88

29.43

20.59

Preferred Accident

.

69

84c

Amerex

B-3

97

67

7%
94

103%
,

_10

7.57

28.11

B-2

64%

93

,_B

General Reinsurance Corp
Gibraltar Fire & Marine

Corporations

Keystone Oustr-Man Funds—
Series
B-'l
;

61 %

10

8

34.82

16.34

.•_10

1

68

Fire

18.16

32.03

Fire

Indemnity Co

5

12.50

171

13.65

Union Common Stock Fund B
-

Pacific

65

10c

Series

25%

Phoenix

56

..1

Scries

23%

—,

42%

164

2Vb

Union

-2.50

51%
16%

35%

-20

Sovereign Investors

3.12

31%

49 %

Northeastern

—-10

Fidelity ■& Deposit of Md

Selected Amer Shares

1.00 C

29%
15

8

Northern

64

Globe

57.50

—10

37

23%

10

110.19

Investment Corp.—

190

35

—.10

i

7%

180

71
57%

10

Federal

108.01

Trusteed Industry Shares..'__25o

:i

Pacific

*

State Street

River

6%

20

Casualty- —2

33

•

■■•.vY'Y/W l.

Utilities

North

62

3

Fire—

Amsterdam

New Hampshire Fire
York Fire

25 "2

29%

59

_

6%

27%

10
10

—

40%

10

Employees Group

Glens Falls Fire.i———_8
Globe & Republic...
B

<

(Detroit)

5%

55%

5

Standard

7.77
<6.42

6.78

—

7.07

775

23%

Fireman's Fd of San Fran„„10
Firemen's of Newark-^^
—8

-

Series 1956

8%

4

New

Camden

Fire Assn of Phila

10.72
,

8.59

———;

7%

—

New Brunswick

91

:

9.63

12.29

i-

———7

9.52

5.83

—_

New

7%

.

6.05

.

750

6%

15.07
17.50

86

100

10.20

11.02

93%

65%

N Y

Liberty

National

20%

89

62%

8

20%

10

13.72

11.90

Fire

Reserve-

14.96

Speculative

18%

1

-12%
'

Re-Insurance

9.89

3.89,

-

shares—

Group shares
Bank Group shares

1%S wi Jan.

Mfrs

15.94

9.76

shares

1.

Merch &

Diversified Investment Fund

9.13

—

shares——

1,

13%

Diversified

13.26

shares;

Oct

12%

Newark

12.01

Equipment

7.20

Price Shares

Feb

Casualty_5

American

11.85

1%S

Merchant Fire Assur

8.60

11.25

2V*S

Maryland Casualty.™
Massacnusetts Bonding—

24%

9.89

10.79

3s Jan.

13%

22%

9.40

,

8.55

.

stock

10.03

Securities

94 %

45./,

American
13.72

—

Building simply

10.83

Incorporated Investors
independence Trust Shares

17V4

92
42

15.07

Inc—

—

Chemical

Common

15%

10

8

7.82

10.72

8erles

10

9.00

shares

Fund

Fire

Insur Co of North America —10

39%

shares

Stock and Bond

Homestead

Jersey Insurance of N Y— —20

American Equitable
American Fidelity &

Machinery shares-

Series

50

87%

Alliance

26.54

Metals

Co

48
84

8

25

Oils

Investment

31Va

37

Business

Foundation

Ask
49

30 Vs

—28

Agricultural
American

814
46

Home

6.69
10.71

Pat

Hartford Steamboiler Inspect.-IQ

10

—

23

7.04

Aviation

Life

xl.2

9.76

Institutional

Ask

57%

5

6.40

Income

58 %

93%

4

2

shares

23%

56 V4

—;

55

Casualty

8.88

Tobacco

69

21%

90%
—10

9.69

u.

Bio

Surety.

Automobile

Administered shares-—
bond shares

Utility

&

5.98

common—

scries—

Casual

American

Food shares

Bteel

Pit

8.24

6.25

series

8

RR Equipment shares
Railroad stock shares

28 V*

67

-

Insurance Companies

12.58
.

American

Merchandise shares

;

.

5.43

shares

Petroleum

26%

com

77%

5.78

Institutional bond shares—

v.

stock

Aviation

Railroad Bond

75V4

II

75-year 4!/2s

16.20

11.64
.

Income

8.21

Inc_

Mining shares

Grande

98

5.20

Investing-

•

15.09

-

-J

series—

priced stock

Fully

Low

96

7.41

Fund

—;

Rio

Preferred

Francisco—

Stock

shares

Industrial

79%

'

Speculative series

Electrical Equipment

General

&

St Louis & San Francisco com—

.102

17.48

Building shares

„

100

27.99

Group Securities—

Aviation

Denver

Preferred

•

Trust

47'

77-%

100

-

81%"

16.35

Capital Corp

Chemical

99%

791/4

26.18

Inc

General Investors Trust

Automobile

97 y4

2018
1993

San

45

_*

preferred

18.05

Selected series—4.89

Fundamental Trust shares

Agricultural

2019

>

50-year 4s

7.49

stock

Preferred

Fundamental Investors Inc

General

4%s
Grande—

_I

Fund,

Common

5ft

■'

106

.1

Industrial

Chicago Rock Island & Pacific—

79%.

104

Ask

—

%...-

,

—

Low priced bond

v

Fund——

Stocks

16.38

16.52

series—.

26c

Fund—

Fidelity

10

seMes

Industrial

Howard—

&

8tock

Inc.

Securities—

shares

2.60

Shares

Balanced

"irst

22.03

Fund

National Investors Corp
National Security Series—
Income

Delaware

«fc

77%

3

Manhattan Bond Fund Inc—

21.77

Century Shares Trust

Louis
1st

101

31.04

15.23

St

99

1994

4y2s

issued)
Bid

-

10.43

i

Fur.d—1

Rio

if

and

as

Ask

53.80

109.75

24.39

_1

Ltd

Bid

& Pacific—

1st 3-4s income

118.40

52.72

&

Income

8.11

105.36

1

Fund

8.58

7.34

income

Denver

16.82

—7.74

:

^

Conv

18.96

Fund

5

Ltd

Inv

33.00

11.29

S-4—w

E1st 4s

31.09

30.06

Knickerbocker

'

■

Chic Indianapolis <fc Louisville—
/. 1st 4s —__
1983
2nd 4%s
2003

23.86

-17.23

S-3

-,'.i

Chicago Rock Island

.

'12.48

21.78

——

Mass
Canadian

'

-

28.26

S-2—

Series

Y

'

11.38

r

K-2

8

;

Broad Street Invest Co Inc

Bullock

«

—„—_

Series
Series

A

.(Cont.)—

Funds
——

Series S-l—

19.80

37.58

Houghton Fund B

Series

8%

18.41

B-4

Ask

Bid

'

a

Maturity—

Treasury billsDecember 27,

b0.375

0.28ft

February 7, 1946——.—
February 14. 1946

b0.375 0.34%

1945.

b0.375

0.32 ft

February

21,

b0.375

0.32 ft

February

28,

January

3,
10.

1946—
1946—

January

17.

1946—

bO.375 0.32 ft

January

24,

1946—

bO.375

January 31,

Dollar Price 100 Plus

1946—

bO.375

IMar 15,

1946

1

100.1

100.2

15.

1946

1%%

100.19

100.20

l%ft

100.12

100.13

t%S Feb. 1. 1946
t%s March 1. 1946

.0130

.0184

1%%

100.28

100.29

f/0s

1946

.0140

100.14

100.15

101.8

.0148

.0234

t.09ft

.0256

.0359

to

.0206

.0326

dividend.

.0164

.0300

0.35 ft

1946—

bO.375 0.35 ft

1946—

0.33 ft

7, 1946
March 14, 1946

bO.375 0.35 ft
bO.375 0.35%
bO.375 0.35 ft

0.31ft

March 21,

bO.375 0.35ft

March

.0256

101.7

t%s May 1. 1946
t7/«s June 1. 1946—

.0187

l%ft

b0.375

.0193

1% ft

purchase

at

4*k

"

January

poi^t

tor discount

Ask
'

.

tDsc

tMar 15 1947

tSept.

15.

tSept. 15,
tSept. 15.,

1947

t




%

Certificates

of

April

Trdebtedness—

1,

*

July 1, 1946
;
f/aS Aug 1, 1946—

Bid

A*k

.0133

.0193

t%s

Sept.

t%a

Oct.

1.

1946

.0185

.0337

t%s Nov.

1.

1946

.0293

.0462

j7/aS

Dec.

l%s Jan.

1.

1,
1,

1946

1946—
r4t

wi

.0322

.0248

.0507
■

.044-7

a

Odd

Stork

name

lot

sales,

Exchange,

b Yield
r

price,

Canadian

(Un) Unlisted

issue,

changed effective Sept.

•No
furnished

par

value,

17,

tin default.

by sponsor or issuer

d Deferred

market,
x

s

delivery,

Cash

Ex-dividend,

y

e

1946

Ex-Interest, f Flat

sale—not included

Ex-rights,

z

in range

Formerly

price,
for year,

Athey

1945.

tThese bonds

Truss

k Removed
t Ex-stock
Wheel Co.;

'

are

subject to all Federal taxes

^Quotations not

THE COMMERCIAL &

Monday, December 24„ 1945

FINANCIAL CHRONICLE

3110
Week

i

BANK CLEARINGS

THE COURSE OF

/'

show an increase, compared with a year ago.
Preliminary figures compiled by us, based upon telegraphic advices from the chief
cities of the country, indicate that for the week .ended, Saturday, Dec. 22, clearings
for all cities of the United States from which it is possible to obtain weekly clearings
will be 5 6% above those for the, corresponding week last year.
Our preliminary
totals stands, at $13,682,339,680 ..against, $12,960,147,359 for. the same week in 1944.
At this center there is a gain for the week ended Friday of 5.9%.
Our comparative
summary for the week follows.'
:v.^ ■'
toy Telegraph'-:

Clearings—Returns

York—

563,248
1,338,736

1,350,657

—28.9

1,038,084

! 681,742

2,388,242

6.2

1,881,506

1,434,574

790.000.000
2.237,260

690,000,000

+ 14.4

692,000,000

1,972,763

+ 13.4

641,000,000
1,395,558

1,960,878

+

1.0

2,214.557

Jersey—Trenton

2,142,647

'.+

3.4

2,569,294

2,130.567,

6,673^)00

/ 5,998,100

+ 11.3

6,084,800

7,.766,6QO

- 712,328,893

// 600,721,614

—.

3,957,500*

9.5.

—

711,375,818 ; + 14.1 /'

811,687,629

cities)——_____

(10

—

1.775,725
3,435,706
1,641,794

1

+

2,837,443
1,651,690

13.7

5.9
0.8

Mansfield

193,300.000/

178,500,000

+

8.3

Youngstown

f

225,532,950

208,292,533

»•

*:■

28.2

■' ;•

—

./;•

'J

^

•■..

147,283,522

146,216,624

+

$9,193,332,235

+

3.6

1,811,394,085

+

3.9

1,881,924,835

five days

1,955,421,039

2,280,389,947,

day

$13,G82,339,680 $12,960,147,359

week

233,572.851;

+
+

33.4

+ 22.0

20,423,700

260,746,521

16,929.50,0

22.517,600

3.4

2,287,099

4,088.445

2,657.41:8

2,613,715
•

3,296.239

-3,286,433

2.5

273,934,745-*

267,802,184

0.5

—

682.913,614

650,719,356'

_______

667,910,848

671,455,545

(7 cities)

+

Federal Reserve-District—Richmond—
*

West

Virginia—Huntington—'■'<

■

+

3.6

South.

„

+

5.6

-

9,379.000/

Total

Sixth

Federal

/

(6. Cities)-—

2,660,296

2.777,701

t

■

185,504,630
56.683,937;

- :

331,450,540

351,251,084'

4.2

-

1.408,202/

1,132.402..
6,901.000

7,634,000,

77,022,528

85,001.614;
2.594.958i'v

2.5

—

47,573,151

,r

'

i:

7.9.

+
—

.172.774,426

,

9.7

—

8,690,000
97,722.892

95,296.572,

Caxoliaa—Charleston——..v/'V

Maryland—Baltimore
District of Columbiar-Washington-

+ 16.6

1.912,370

1,726.649/

Virginia—Norfolk
Richmond--,

511,401,949,733 $11,004,726,320

Total all cities„five days-

122,709,853'

258,730,144

0.7

$9,520,024,898

117.392,857

1.9,.

•

Total

7.6

2.3

+

,4,990.232
254,308,835.

:/

V

,1

-

y

-

—

:

Fifth

"—

..

+

3,052,070-

•-

•

3,751,311

4.438,120

1.2

—

142,308,060
233,483,401..

21,112,000
:

Pennsylvania—Pittsburgh

2.7

+

——.

Columbus

!

4,573,622

4,519,942

,

A
145,627,832
••/237,844,634

Cincinnati

.

Cleveland——

297,546,125

—

Ohio—Canton—

9.3

285,218,000

:

•:/

District—Cleveland—

Federal Reserve

Fourth

5.9

+

+

292,898,000

Total all cities for

+ 37.1

—31.2

3,874,967

Wilkes-Barre

Total

472,7^G..

GOO,361
1,015,839

Scranton-

N.ew

i

2,239,005.
v

—

+

Cleveland

All cities, one

,

•"'•••• T980..774

Reading

185,579,080

213,501,690

Other cltie3,

$

fc

1944

—

five days—

1942

$

1,339,488

.

Philadelphia—

V/ 377,606,315

-—

Ten cities,

1943

,//

c/o

823.369

*

Lancaster

387,137,377

—

Baltimore

Dec.

922.045

653,000,000

-

,

$

! ,722,652

"400,000,000

Francisco

»

'V

15

or

District—Philadelphia—

Reserve

Chester

453,373,591

Pittsburgh

i

.

—

6t. Louis

•/'

,

Bethlehem

592,000,000

City-

/•

.

Pennsylvania—Altoona

$6,390,749,550

$6,770,002,863

Boston—

San

/

,:

1945

•

Chicago

Kansas

'

"

Dec.

Inc.

'

-

Philadelphia.——

•' /'1

/

Ended

1944

'

$6,770,002,863

;

■

■

1945

■'

■'

;■

Federal

// 515,608,913

York

New

:

22—

Week Ending Dec.

/•"•>•,'■

Third

this week will

clearings

Bank

'

"

.

2,578.585

..+•; 7.4

166,970,892,.

159.367.405

+

19.1

42,666^469.-,

39,542,45(1

+

6.0

286,544,430

306,276,135

'Estimated.
t

details for the week covered by the foregoing will appear
in our issue of next week.
We cannot furnish them today, in as much as the week
ends Saturday and the Saturday figures are not available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which we present further below,
Complete and exact

.

are

/

17,399.905

,

;^ ■

Augusta
Florida—Jacksonville—

Mobile:———

;

Mississippi—Vicksburg

■

Week Ended Dec.

15—

Federal. Reserve

•

V

Districts.,, :

l6t Boston
2d
3d

New

5th Richmond

6

11th Dallas

Total

(10 cities)

Indiana—Fort Wayne

:

__

6

"

193,600,513

10

"

613,448,485

587,698,505

"

'V..

—

316,035,816

"

10

City

,

+ 4.4

Haute

/ Outside New York City
now

add

our

r.

+19.6

10,879,640,227

5,247,427,169

+ 5.9

5,036,175,042

four years:

\

•*"

1944,

$'/•.
District—Boston:—-

■

,

Portland-,
Massachusetts—Boston

Peoria

*

Rockford

..

—

Bedford———

—_

'

409,249,660
1,243,660

+12.3

+

6,6.

676,871

842,746
1,651,787
5,508,602

/.

$

,

4,965,564

4,911,175

+
+

6,964,589

3,337,997

4.6

8,001,236

1,-436,928
4,589,735

1,1-

18,461,926

.

642,121
4,140,202
<

394,013,391
927,195

435,064;

+21.2

19,316,118

—

1943

970,865

+13.3

6,674,388

361,003,022

—19.7

1,871,097

-.

Worcester——

Island—Providence

22,092,000

20,776,600

Hampshire—Manchester
<12

1,094,071

cities)

-

506,£05,059

Yorkr-Albanjr.

22,288,191
7,024,496,

+14.9,

^

".

h

*430,£12
1,180,538
4,197,771

3,055,889
17,568,392
6,917,051

737,781

6.0

19,687,700

19,749,800

+48.3

608,461

716^389

—

475,925,817

+

6.4

426,073,451

Total

(4. cities)—

York

—

6,385,488

1,651,735

1,487,723

64,374,000
1,399,543

1,352,600

1,157,205

6,289,158,733

+
—

3.3/

70,022,00064,200,000
1,465,552

7.0

+16.9
+ 31.0

y

1,180,077

5,843,465,185

1,404,536

1,192,466
4,421,812,643

12,168,605

+ 39.8

12,818,572

12,485,365

8,100,875

9,209,025

—12.0

8,173,422

7 185 984

8,086,535

+20.6

6,88?,197

6,512,364

' 585,816. +.25.7

541,683
31,440,248

9,755,524/

Norfhorn"MJm""iI
~~
Northern, New Jerscy—___.____.
cities)

8,037,776

+12.8

17,013,474

______

NewarTy
(12

—36.0

1,848,060

8,239,785,277

—_____

Connectacut-Stamford

Total

13,254,839

1,302,081

Rochester—
Syracuse

3,905,257

5,552.105
3,256,789

3.700.595

,35,879,000

4,028 051

••

2.5

3,554,499

3,223,073

+

6.5

35,636.000

33,272.000

—

9.1

4,099,093

+

3,645.279
8,500.000

12,062.704

—

7.4

7,967.799

+

6.0

36,960,520

2.975,064.

42,020,219
2.351.596

+

26.5

2,616,912

16,308,046

+

13.4

14,315.144

7,553,985

+

21.0

7,426,796

+

25.9

479,703

485.579

606,^40,584

0.9

522,972,383

464,693.30?

2,332,798

6:3

1,646,151

1,559.526

8,036,355

+

12.5

/ 3,265.079

5,597.528

3,137,798

+

2.8

2,835,641

2,235.49a

2,149,227

+

22.7

2,209,187

1,863,796

759,533,057

+

0.4

660,286,020

592,158,575

2.8

/+

552.866

—

—

,

-r

36,104,66£'
1,940,354.
13,202.191

6,362,706

■

208,200,000

+

-82.120,982

+ 12.7

62,539,447

+ 15.8

186,200,000

206,900,000
90,049,440,
54,905,961

382,236,207

.

Ninth Federal Reserve.

-

1,336,017

—

6.7

+

7.9

76,601,324.

46,646.790
871,000

1,098,000

'

,

354,196,446

;

352,953,401

•

/ 310,319,114

District—Minneapolis—
+ 22.7

4,856,545

4.673.61.?.

5.8

164,307,480
59,896,797

127,182,691

3,482.364

5,794,314

North,, Dakota—Fargo-

^

South: Dakotar—Aberdeen-.

:

;

Montana^—Billings-

158,971,260

+

63,471,432
/ 4,112,009

—

57,347,788
4.899,273
1,781,198
2,661,935
6,297,993

246,965,958

/

Minneapolis
St* Paul——

4,723,245

168,183,457

Minnesota-r—Duluth.

Helena——.

(7 Cities)

■

9.6,

+ 19.1

46,746,331

1,700,607

+

4.7

3^81.7,213
1,895,068

1,939,131

+

37.3

1,702,747

1,317.41?

5,095,952

+

23.G.

5,458,478.

5,521.105

240,013,636

+

2.9

2lb,641

+

50.6

+

50.6

1,447.643

190,341,162

241,934,328

_____




736,034 /
34,060,134
52,060,9638,441,229,032

35,879,007

46,272,858
6,483,394,226

—

5.1

+12.5

+30.2

51,816,604,

6,037,494,051

/;/;■•■?//// i

District—Kansas City—

324,820

.

Hastings-

445,419

295.841

Lincoln—

,

5.164,149

5,310,118

5,137,594.

Wichita

205,941,409

8,481,558

Joseph-

Colorado:—Colorado Springs
Pueblo—.
Total (10

.

7.551,910/

—.

—

Missouri—Kansas City
St*

76,356,836
3,162,698
7,775,431
199,278,933

79.853,798

Omaha

Cities)

6,748,021

-

1,702,928
l,432,231

—

1,157,177
1,117,999

316,035,816

—

—

301,113,695

405.524,
31,631,215
43,253,960

4,597,957.268

V

'

,

+■■!'

253,031

254,926

343,243*

306,356.
'

—

+
+
—

+

2.7.

4,675,847

4.371,962

4.6.

82,393,740

66,562,874
2,373,26?

2,535,098

62.4

5,239,93?
1,352.513
729,613

7,424r784«

"

1,233,877

+ 47.2

1,070,414...

28.1

+

6,000,147

186,863,553

202,478,597

+ 25.7

+

•

8,838.607V

^

2.9

3.3

5.0

274,090,126

311,212,246

Eleventh Federal: Reserve District—Dallas—

4,505,706
158,311,000

Dallas—!
Fort Worth-'Galveston

———

Wichita

2,975,687
133,243,000

17,764,108

Texas—Austin

Twelfth

66,494,000

—

_

Jamestown——
New

•

2,084,071

Buffalo-—

662,165

C,5G0,552

—24.2

723,449

.16,420,614

3,415,000
2,359,958

-

Falls—

/

,

3,191,000
1,787,357

7,247(741

7,058,590

193,600,513

—

164,678,248

453,538,851

8,483,939

Binghamton-

Elmira.

835,304

+13.5

5,822,949

-r
•

Total, (6 cities)——
Second Federal Reserve District—New York

New

+ 23.7

6,521,835

1,246,697

Louisiana—ShreyeportTotal

374,673,920

72,417.563

Illinois—Quincy

=

Rhode

,.438,827,068

+

216,000.000
92,571,947

Louis__„

Kentucky—Louisville—
Tennessee—Memphis

Kansas—Topeka
—

Connecticut—Hartford——

Hew

459,290,066

Eighth Federal Reserve District—St. Louis—

Missouri—St.,

'■■■

854,221
3,836,771-

3.6
+ 2.0-

1,396,597

!■■;./.
/./■/
"

—

Haven

(17 Cities)

Tenth Federal Reserve

<

436,093,961

.

///

River

New

8.8

5,244,326

763,027,596

;

Nebraska—Fremont

$

Dec, %

4,199,207

—.

Springfield

5,861,526
236,428

83,678.135

—

2,637,846

1

Decatur—

„

1943

Inc. or

1,389,546
4,116,005

1,339,359

Maine—Bangor—

New

291,054

98,434,759

'

451,990;

91,758,610

4,608,327,744

Clearings at—

Lowell-

6.5

+ 15.0

—14.7

'

9,039,216
3,226,354

Sioux City.

Chicago

9,031,140,387

Week-Ended Dec* 15 V

Fall

49,621.133

2,185,591

Moines

Hiinois—Bloomington

509,125,662

364,330,449

11,536,585,902

1945

Federal Reserve

59.942.521

detailed statement showing the figures-for each city for the

week ended Dec. 15 for

First

19.0

9,151^18
: .
695,846
600.509,780

/

Iowa—Cedar Rapids

Total

We

39,388.938

•> 18^500,000

Wisconsin—Milwaukee]

592,158,578
310,319,114
190,341,162
274,090,126
130,850,316

13,796,881,329

111 Cities

2,197.979

51,248.769,:

,■

5,557,096,052

I

2,384,028

14.2

+

3,660,358
11,174.379
44,558.360

;

Bend

Terrc

61,833,632

900,744
7,399,251
4.415,537
3,794,052
38.204.000

Indianapolis
South

53,096,065.

145,300.00O

2,336.745

+ 10.5

+

5.541,201

4.4

—

37,168.029

43,197.988

161,900,000
2,929,694,

District—Chicago-

Seventh Federal Reserve

1942
$•.. 453,538,851
4,597,957.268
660,721,614
650,719,356
306,276,135
286,544,430
438,827,068 *.'•/; 374,673,920

1943
$.
/ 426,073,451
6,037,49.4,051
712,328,893
682,913,614
.

3,440,484

499,538,395

—

Michigan—Ann Arbor_—_
Grand Rapids—
Lansin-g—

Total

660,286,020
352,953,401
241,934,328
301,118,695 + 5.0
311,212,246
164,678,248.; +17.6 /. 145,010,071

*•

-

7

—

Francisco-

Total

"

4

9th Minneapolis.

12th San

1

"

17

Louis—

10th Kansas

"

10

;

-

Chicago—-

8th St,

"

7

-

-

-

6th Atlanta,.

:

10

—

•

"

12

-

Philadelphia,

4th Cleveland

7tb

12 cities

-

YoriL-

clearings •; .
1945
h'
1944
Inc. or
$>>
$
Dec. %.
506,405,069
475,925,817 +„ 6.4 ,
8,441,229,032
6,483,394,226. +30.2
811,687,629
711,375,818 +14.1
671,455,545
667,910,848 + 0.5
351,251,084' • 331,450,540 + 6.0
499.538,395,
459,290,066 + 8.8
763,027,596
759,533,057 + 0.4
382,236,207 // 354,196,446. + 7.9
246,965,958
240,013,636- + 2.9

3,255,174

105,505,211

Orleans-

Louisiana—New

summary of bank

•

8,837,724

13,301,212

,

0.7

3.5

+

73,587.643
4,724,153
422,727

•

Springfield

V:./-?;;

179,800.000
3,110,900

.+14.3
—

60,633.815

—

Alabama—Birmingham

+ Des

50,089,215
173,300,000

'3,800,000.

Macon

-

15,223,695

.

50,554,041/

Georgia—Atlanta—

final and complete results of

able to give the

District—Atlanta—

Nashville——,

the week previous—the week
ended Dec. 15. For that week there was an increase of 19.6%, the aggregate of clear¬
ings for the whole country having amounted to $13,798,881,329 against $11,536,585,902
in the same week in 1944.
Outside of this city there was a gaih of 5.9%, the bank
clearings at this center having recorded an increase of 31.0%.
We group the cities
according to the Federal Reserve Districts in which they are located and from this
it appears that in the New York District (including this city) the totals record an
expansion of 30.2%, in the Boston Reserve District of 6.4% and in the Philadelphia
Reserve District of 14.1%.
In the Cleveland Reserve District the totals show an
improvement of 0.5%, in the Richmond Reserve District of 6.0 %. and in the Atlanta
Reserve District of 8.8%.
In the Chicago Reserve District the totals are larger by
0.4%, in the St. Louis Reserve District by 7.9% and in the Minneapolis Reserve Dis¬
trict by 2.9%.
In the, Kansas City Reserve District the improvement is 5.0%, in
the Dallas Reserve District 17.6% and. in the San Francisco Reserve District 4.4%.
In,the following we furnish a summary by Federal Reserve Districts:
we

Reserve

Tennessee—Knoxville

+
+

80,£42,273-

97,471,489/

'

3,609,806

3,929,719

Oregon—Portland—
UtallT—Salt, Lake. City

81,229,471'

83,061,046
35,646,852

California—Long Beach-——.

IT,163*702

Yakima

14.255,289

15,782,6^6,

3,535,000

3,498.000

7.0.

T710.U44.,

1,206,839

2.7

5.707.15T

4,178,676i

+ 17.6

145.010,p7I,

130,850,316;

—17.5

+ 32.0
+

—

—_;

—

—

Pasadena,

38,781,154
7,032,354,'
372,583,000

—

San., Francisco

;

-

San Jose^———

8,347,602
3,634,194

——.

Barbara—

Stockton—
Total

105,316,13H

114,710,000

8.2.

,

Federal Resejrvei,District—San Francisco—

Washington—Seattle*.

Santa

2.398.3U

3,597.240.

+ 51.4
+ 18.8

(10, Cities)———

Grand Total
New

(111 cities)-—
York—

♦Estimated.

!:

!-

6,564,929

T

.

9,264,365
6,584,189
335,073,000
7,845,945.
2,959,517
5,862,383

613,448,485

587,698,505

—// 33,796,881,329

11,536,585,902

5,557,096,052

5,247,427,169

—

,

+

98,554,988

88,587,783'

8.1

2,545,183

2.2

87,286,415.

l,«03,625i
81,225,857!

39,606,814.

35,032.507

8.8

+

7.7

+ 11,1

+

6,4

8,975,446

11,910,Q95,
4,558, 85(

+ 20:5
•

306,923,000,'
-«

5,161,042

.

3,147,412
'

279,277,00(1
4,516,747

+ 22.8

2,549,54ft

1,778,500!

+ 12.0

5,234,881-'

4,680,783

4.4

364,330,449

509,125,66Z

+ 19.6

10,879,640,227
5,036,175,042

9,031,140,387

+

+

5.9

4,608,327,744

Vqlume

THiE COMMERCIAL, & FINANCIAL CHRONICLE

Number 4449.

162

311,1
Company and Issue—

Foreign Exchange Rales

«

°

U

Noon

Country and Monetary Unit

-

3.213113

3.214113

.022833

022852

.022833

.

.060602*.

.060602*

.060602*

.060602S

.060602*,

.051802.*,,

.051802*.

.051802*.

.051802*

.051802*

.051802*

.909090

;

.909090

.909090

.907656

.907031

.020170

.379327

.909090,

.909090'

'.A.'/

.020170

.020176

.301215;

.301215

.205800

.205800

.205800

.379327

.379327

.379327

.909090

.909090,

.909090

I

.909090

Uruguay, peso—

<

Soptrolledw-V——r
uncontrolled.;.—

.904583

.904375

.905000
3.227000

3.227000

4,005000,:

4.005000;,

4.005000

.658300*

.658300*.

.658300*

.562900*

.562900*.

.562900*

4.005000

,

';

mtge,

.658300*

V .658300*

—

.'>.562900*+

.561?900 ♦*;

.5629Q0*

4

.

due

-t*-.

~

Ditch Co.—
bonds

to

1951—

*

,__Jan

1

-Jan

1

2812

bonds, series A, due 1947-1055 Jan
1
preferred stock
:
Apr. ly'46

2636

*
collat;

&

income

trust

Co.

Maine

Power

bonds, series

Co.—

A

*

*

*

•

1972

3

—Jan

1

2814

2639

1

2039,

Columbus & Southern Ohio Electric Co.—
1st

mortgage

Detroit Edison

1985

3y4s

Co.,

due

& ref. 4%

gen.

31

2815

_Jan

1

2519

7s___—Jan

1

___Dec

1970

mtg6. bonds,

—^——

F,

ser.

-

—

Duquesne Natural'Gas

&

Florida

debentures due 1979—Jan

Co;, gen.
Light Co. 4ya%

Power &

Georgia Southern & Florida Ry.
►Nominal

Pagt

due

1

due
.658300*

bonds

mtge.

gen.

Firs'; mtge. 3%% bonds, series E, due 1969—_Feb
First mtge. 2%<7o
bonds, series G, due 1974__
___Feb

3.2270,00

v

Corp.

mtge. 4V'«% bonds, series D, due 1962—— Mar
Cincinnati, Union Terminal Co.—

.90437G

4.005000

pec 26

1st & ref.

3.227000

4.005000

—"*•

,,

.

,

—

REDEMPTION

1st & gen. mtge. 3l/2s, ser. M, due
Chicago & Western Indiana RR.—

.905416

3,227000.

Zealand; pound_j—
Union of South Africa, pound-*

;

•

—.—

.

Irrigating

debenture

Central

.301215

.020176

.

1963-

Date*

Writing, Paper

Buycrus-Erie

4.033750

4.033750

3.227000

.905208

Free—

•' */

4.033750

-

.379327

'

.379327

Official—
■

due

31

-Dec 29

Brainard Steel Corp.—1st mtge. cony. 5'/2%

>

.301215

.205780

Netheivands,vguilder—_——4—
Newfoundland' dolla.r—7 ;
A""

New

'

,

income, bonds

Bolivia Ry,—.

.569800*

.205800

.301215

.205780+

.906953

-.569800".

.020176

.020170

.301215

France; franc_,——India
(British),:lupee.,——
Mexico, peso_--t——■r—

43)33750

£.033750

4.033750

pound sterling-,—.-.—.

6 %

—Dec

2861

24

Dec

2634/

3+a%

.909090

.907500

.569800*

.

.569800*.

.569800*.,,

.569800*

—.I

peso*,

.909090

.906875.

.909090

;

2824

series

6%

Company, and Issue—
American

5 7o
■

,

'

.022833,

j

4fet bonds.
j
Any,time

mtge.

Sherman Corp.—

mtge.

1808*

28

Ry.—

Bessemer
.—

let

—

PARTIAL

.251247*-

3.214113

.022833

.907578

Canada, dollar—

,

1st

3.214113

3.214113

.080602*

■

Grand, Island, Ry,

1078:

4%
Dec

.297733*

.022833

Free—

England,

Southern

v

3.214113
-

Improvement mtge,,

$

.251247®.

,.251247*.

.251247*.

.251247*

.251247*

Free,

Dec. 20

.297733*4

.297733*

.297733*

.297733*

.297733*

Australia,. pound—

~

&

P*I«

;_Dec 2$.

1947,

194.7

Witherbee

Official

Colombia,

Joseph

due,. 1951—

bonds

Development and general mortgage bonds,
and
6'/a% series, due. 1956:

S

5'

$

;

4%

Syracuse Lighting Co., 1st mtge. 5s due 1951-Union Depot Co., Columbus, O,, gen. mtge. 4Vis

Dec. 19

Dec. 18

Dec. 17

16

S

*

Belgium, franco.;-.—
Brazil, cruzeiro—
Official
L——

due.

due

New York

Buying Ra^e for, Cable Transfers In
Value in United States Money
*

Dec.

Dec. 14,

Argentina,, peso—

St,

UNDER TARIFF ACT OF 1930

CERTIFIED, BY FEDERAL RESERVE BANK TO TREASURY
DEC. 14, 1945 TO DEC. 20, 1945, INCLUSIVE

RATES

EXCHANGE

FOREIGN

bonds

buying rate for cable transfers in the different countries of the.
passed:

tifying daily to the Secretary, of. the Treasury, the
world.
We give below a record for the week just;

Date.

collateral

Philadelphia & Reading. RR.

Federal Reserve Bank is now cer¬

of Sectipn 522 of the Tariff Act, of 1330, the

Pursuant-to the requirements

v, ,

Reading Co.—
Jersey Central

Goodall-Sanford; Inc, 3VsVo

rate,.

ref,

mtge.

second

Jan

due

1956

2

2817

Jan

stock.

pfd.

debentures

<■

2817'

2
1

2642

Griess-Pfleger Tanning Co., convertible income deb
Dec 31
Indiana Service Corp. 1st & ref. mtge. bonds due 1950—Jan
1

Sold

7%

50,
16

Security

'

;
&

'

'

STOCKS

Bank

1

S per Share

Abington Bank & Trust Co—_——
Harry Murphy, inc., capitaL—.

$33Va

—r——

$6 lot-

——-——

15

20'-

Consolidated

200,
3Q

15Q,
1$
.

$14 y4.

Trust Co———————.

50c

Duqucsne Oil Corp
— -—_
—:——
John Warren Watson Co., common-.——————
Keystone Tire & Rubber Co.———
Cuba Cane Sugar Corp.
C/D__„
—

100,,

1$;

Textile

,Flouf, Mills of.
Cooper-Wilford

Corp

Beryllium,
Beryllium,

$1 lot
$1 lot

SI lot

SI lot——

$2 lot

Ltd

1DC51T !)SiIlkS

$2 lot.

■.

Reserve Ranks Combined
of

Increase! +) or

A+r,

Dec.

Dec. 12.

ly

Gold

1944

1945

Assets—
certificates

17,OCT, 505

_

lur.d

Redemption

for

F,

47,500

—

A

{•—) SinceDec. 20,

J."•

member banks.

summary

•

Total

ctf, reserves—.yyiy

17,862,951

advances—

359,853

gold

cash

Discounts

and
loans

U., S., Govt,

.1

securities;

44

Dec. 5,

y
+

8.115,431

2,119,650

•
.

82,000

+

.

79.451

+

12,486,061-

Commercial,

14,000

s"::+
.

+

946,892

—

787,842
3,605,321-

+

Industrial,

562,429

296,534-

——

175,451

+

23,668,064-+.;

Total U. S. Govt, securities

"

'

notes

Uncollected
Bank

of

other

U. S. Government

assets

Total

•

1

5.769

—

'

'

"

liabilities—
Federal

.

,625

Member

U. S.

24,663,200

4,337,906

■

718.240

>

532,175
356,279

—

+

18,416

+

408,41p

+

■

+

173,803
/
260,

"

—

44,470,396

203

+760,074

+

+4,240,029

Surplus (Section ,13b
Other capital, accounts...—__

174,993
228,153

27,165

irote

liabilities

Commitments
HriaMoans

to

"

~

Total liabilities & cap. accts..

Ratip, of gold certificate re''seryes to deposit and F. R.

.

+762,548

98

.

v

2,970

+

—

'

.6.%

,

+

•

5

1,660

and' agricultural

loans

in¬

ing

or

,

States Government' obligations

$275,000;000 in New York City, and $279,000,000

reporting member banks; other loans for the

same

Co,

Power & Lti

bonds,

bonds,

2187
2519

1

2311

of

America

1

15

1961—

debentures

3 J/2%

1st mtge.

Co.

2312

Feb

B_—..Jan

1952

issue
due

2V2%

15-year

Jan

debentures

0

15

due
...IJan

*■

/
^

1

•;

Dec

27

2688

bonds, due ,1968—Jan

3%%

2

2863

:

^

Feb

f

Jan

1

2993

issues called

Works

Date

debentures,

series

Co.,

31

2009

Dec

31

2810

Dec

series. A

debentures,

Pag#

.Dec

preferred stock™

Electric

&

31

2810

Inc.—
......

...

B__

1387

238

1st

Creek RR.—

mtge. 3%%

Buffalo

General

Gen.

&

Buffalo

—

+

10,037
2,570,

+

52

:,+■ -/'j■,
;,!.:l +'.,'-v
deposits adjusted—1—— r
——; 37,381
9,292
deposits..——__y

16,803

———.

It

10,842

1,132

———---

258

■

+

■.

.

2

602

10

—

58

1,718
3,978

+ 1,20'!

+;;:. i

+

242

96

+

41

—

1st and

''

trust

bonds

ref. mtge. 3^4%
Gas

"6.%. first

—

1
1

2142

15

2813

bonds, serves ol' 1974.--.——Feb,,
.

-

2813

1
.

,

.

..

2012

.'

.—J

Series B preferred' stock—

debentures;

series

B,

Electric, &

Collateral .trust, gold
trust

series.due

Gas

1946

Dec 31

r

2815

28101

stock__Mar 15 ..."

preferred

conv.

Co.—

bonds.

gold

1

Jan

;

—

Continental Gas 8?. Electric Corp,—
'
5% debentures, seyles A, due 1958—_—

2815

1.

series due 1957.
Jan
3%-6% "A'-' and "B"

6,%

bonds,:

1962.

2815

—Feb

:
*

due

Shoe Machinary Corp.,

Coijipo

2639

1
1

——Jan

stock

Community Water-Service Co.—
5,50%

2142

-

1969————-Jan

due

&-Electric Co.—

preferred

Collateral

16,934

17

1967.

due

1st mortgage bonds, 3!/4% series, due 1966.—
Dec 24
SO preferred stock, series A„__—„—Jan,
1
Columbus & Southern, Ohio Electric Co.:—

Consolidated

during week

.Jan

2312

mtge.

Burlington & Quincy RR.—

Cincinnati
,

1,514

+

1

Electric Corp.—

mtge. ser. C bonds,

collateral

3V2%

252

+
.

due

B.

International Paper Co., 1st mtge. 6s, 1949—Jan
Pacific Ry. 4V2% collat. tr. bonds due I960—Jan

Canadian

Chicago,

+
^

+ .803

bonds, ser-

2142

369

yt'V

1981....Feb

Co..—•

41/a%

2813

589

+

3i

Canadian

21

5,263

—

Electric

Dec

1965-.

ser. D bonds, due 1868——
Jan 17
Buffalo, Niagara & Eastern Power Corp. Sl.50 pfd. stk._Dec 28
Butte Electric & Power Co. 1st mtge. 5s due 1951—Any time

+

53

+

,

ref.

+

33,

+

—448

<

ref.

&

2812

♦

series A bonds due

mtge,

Niagara
&

Gen.

849

—

12

3,266

-

ref.

Gen.

—

.

,

1

+

64

+

2686

due

.

Water

270

—

6

—

'+

Government

Foreign bapks

5%

6%

debentures

Colortype Co., 5%

363

•+

22

+

651

2815

.

Cuban Telep. Co.

Redemption Calls and Sinking Fund

Eastern

Company, and

Atlantic

Coast

lssue^—
*
Line RR.—

TENDER

t
.

due

1946

•'

Date.

Page

Dee 31

2R35

Washington & Vandemere RR. 1st mtge. 4V2S due 1947 Dec 31
1st mtge. 4s due 1947—Dec 31

Wilmington & Newbern RR.

Baltimore Transit-Co.;—
4%
and 5% debentures,'ser.

2635

2635

due. 1975———Dec, 26

——Dec 29 J
Chesebrougit, Building Co. 1st mtge. 6% gold loan ctfs.
due, 1943
:
y
Jan
2
Cleveland.^ Pittsburgh RR., gen. m-tge., bonds
Dec 31
Kansas City Southern. Ry. 1st mtge. 3s due 1950
-Dec 31
Mutual Fuel Gas Co. 1st mtge.. 5s: due 1947_:
Dec 24
bregon RR. '& Navigation "Co. 4%" consol. mtge. bonds
due. 1946
—:
-Any time.
Oregon Short Line, RR. -consol. 1st mtge. 5%
bonds
due. 1946
Anytime
mtge. bonds due

money

—

-

Baking

1st

mtge.

1st

Co,,

Natural

due

5s due

mtge,

4%

bonds

1906,.

Kankakee

1956——

Co,

1st

Lincoln

2646

1513.

2271

1

Jan

—.Jap

—

1

Ry.

1st

mtge.

512%

2819

1

2644

1

Jan

—

2148

1;

ser. A,.due 1959—Jan.
secured notes due 1946-

3%

—

Smith

2943

1st mtge. 43/4s,

mtge„ 414s,

Southern Ry.
Fort

2148

1513

1955.
:
Feb 15
income,.debentures—_Jan; 21
ser. A,

due

Co.," 5%
—

Water

City

2644

1

2149

29:

2150

bonds,
.

Telephone & Telegraph Co., 1st mtge.

bonds,
2644

2817
2817

Corp.—

Gas

15-yr.

Texarkana &

2638

2516

Corp.—

5+2s,

series A> due 1950
1
.1
.1
.Feb
Lehigh Coal <te Navigation Co.. cons. mtge. bonds, ser. A.Jan

1998

—

-

7

2515

.

Illinois Cohsol. Telephone Co.,

Kansas

Eethlethetn Steel Corp.—
Purchase

Castings

mortgage

1949

A & B,

'

1

series A, due 1949
Jant 1
Georgia Southern, &, Florida Ry. first preferred stock—Jan ^ 2
Great Northern Ry. gen. mtge. 3+4s, ser, I, dpe 1967—Jan
1
4V2% gen, mtge. gold bonds, series, E, dtie 1977—July 1, '47
3%% gen, mtge, bond bonds, series I, due 1967—Jan. 1,'46
Green (Daniel)
Co, preferred stock.
——.—Jan
1
1st

Hub, Henry,. C. Lytton &

50-year bonds

——

—

Steel

General

Houston

,

Norfolk-&, Carolina RR. 2nd mtge. 5%

2815

1, '46

1st mtge. conv, bonds due 1951—Jan
6% 1st mtge, bonds, due 1952—Jan

1
4V2l/o preference,stock, series A—.
——
;Jan
1
(Jolin J.) &.Co., Inc., 7% preferred stock——Jan
Fruehauf Trailer Co,, 4\'2(U conv', pfd., stock—
——Dec,27

preferred and common stocks called for redemption,
including those called under sinking fund provisions.

OP

5%
Ltd.,

Feb

—

Felin.

Below will be found a list of corporate bonds, notes,

NOTICES

Car Co..

Emporium Cap well ?C°-—

Notices

.

mem¬

mtge.

:

Holsum

banks., Loans to brokers and dealers, for purchas¬




31

—

The date "indicates the redemption Or last date' for, mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."

ber

at all

23

9,116

Borrowings———
Debits to demand, deposit accounts except
Interbank
and
U.
S.
Gov't accounts,,

6.0 %

*•

.

Chicago District, and $164,000,000 at all, reporting

increased

101

+

2

26,471

——

with Federal Reserve Banks

4,337,906

$96,000,000 in New York City, $22,000,000 in the

carrying United

+

10

+

—133

11,187

Domestic banks

200

qpded Dec, 12: An increase of $698,OOQ,OOQ in loans, 3
decrease of $448,000,000 in reserve balances with Fed+
era! Reserve Banks, and an increase of $803,000,000 in
Upited States Government deposits.

industrial,

l,09-y

—

1,628

of indebtedness.——

deposits—_—
Interbank,deposits;

44,272

+;

The condition statement of weekly reporting member
banks of the Federal Reserve System, in 101 leading
Cities shows the following principal changes for the week

Commercial,

+

13,349

Condition Statement of; Member

creased

=

2,031

U. S. Government

1

Birmingham & Coast RR,< 5% pfd. stock—Jan. 1, '46
Beneficial Industrial Loan Corp.—
'> •
•;*~'
Prior preference,, stock (S2.50 i series)—
Jan
1.

118

40,050

+

1,628

+

"y4'*, • r-vr

*

;

,

-

42.0%

indus-

„

.'+',

150,956

45,051,603
'

combined

make

;

.

+

+

846

+

.

Corp.

6'Jo

Liabilities—

.

Capital Accounts—
Capital paid in—
Surplus (Section 70—i—....

13

Demand

Time

2822

1 '

1957—Jan

A,

—:

—

Cash-in vault-——

1,077,452

204,957

1st

2%%

Company and Issue—

516T

+

437

Obligations guaranteed by U. S.

1,947,490

+
—

+

1,887,526
11,906

liabilities.'

Total

+121,683

17,907,764

....+

Deferred availability items
—
Other liabs., incl. accrd. divs...

41,794;,

—

439,582

.

237,242

+,91,284

844,003

_>

deposits

+

15,905,934

acct.

...

____

Total

+2,988,514

Oil

Biscuit

Buffalo

Balances with domestic banks

Treasurer—gen. acct..

Foreign
'Other

'f-+140,905

Union

Co.

guaranteed

Corp,,

American

708

+

+ 239

1,081

Treasury notes
——
U. S. bonds....:——,—

2821

1

_'_Feb 15

i;entire

+

+

2,697

2821

1

,

bonds,, ser. A, due 1970.—..
Welsbach Engineering & Management Corp.—
Collateral trust 5%
10-year bonds due 1953

2,922

+

+ 279

1,996

—

—■——

Treasury certificates

Reserve

'
>'
bank—reserve

mtge, 5s, ser.
Bridge Co,—

1955

+ 8.510

carrying:

Other loans

>

Reserve notes........

Oil

1954

$

-v.:

+164

832

Other securities—--.-'——

Deposits:

m-

894

.

Treasury bills.

9,452

+

+762.548

45,051,663

assets

120,536

—

1st

1954

Power

Inc.,

Union

Shell

due

5%

—

Loans to banks

35,053

+

1

.

63,115

...

+
'

573,971-

+

33,653

j

5.873

+

2,714,147-

"

31

Atlanta,

obligations

Real estate loans—

26

—

'

131,388

hanks.—

items

premises

Other

'1

1

Co.,

pur-

"

4,797,486

+

+223,612

•

•

110

banks

foreign

Du?, from
f; R..

24,030,174

securities^.

and

River

Schulco
Shell

Co.

Gas

6 '/2s

American

Other securities
loans

$
+

Other securities—.

Other loans for purchasing or

4.659,058

—

&

du Chien-Marquette

mtge.

Salmon

and agricultural

v .! Loans
to brokers
and dealers for
•y" V> chasing ox carrying:
• ■ /; >>;•.
U. S. Government obligations

'

Total

1st

United

1944

+ 698

7,128

Certificates

Bonds

3,969;

—

%

$

68,034

Investments- -total.

2819

1

Dec. 13,

1945

15,951

Loans and

142,397-

+

2149

8

—_Jan

2%%.

12,

2819

1

due 1966-Jan

I.

ser.

—

Water

Prairie

millions of dollar#)

Assets—

9,830

—

'•

43,205

—

2,253

•

ra.

7.002

:

+

1985

Peoples

Increase ( +) or

614,140 >

28,136

—

216,125

*

Industrial

due

Utah

Dec.

1

—_Jan

1st mtge. 5Vus
Jan

Pacific Gas & Elec. Co. 1st & ref. 3Vas,

+

(In

1949™

Co., Ltd.,

Washington Terminal Co.—

1945

Other

due

Paper

____—

.

207,660,

+

;:.+; 19.364

&

—

^

Decrease (—) Since

795,383

series A,

6s,

Power

York, Chicago & St. Louis RR.—
;
r
•
'
Refunding mortgage 3%% bonds, series D, due 1975—Jan
Newfoundland Light & Power Co., Ltd.—
'
1st mortgage 4J/2s -due 1956.
Jan

...

,

R.

notes.

John

1961

2644'

Pennsylvania RR. gen, mtge. 3Vs% bonds, series F,

member banks follows:

;

mortgage

«

1

2

Co.—

New

'■

,

Service

2943

10'

Lake Superior District Power Go. br/o preferred stock—Jan.
McCormick's Ltd. 4l/c 15-year mtge, bonds "dated 1937—Jan
National Casket Co., Inc. $7 preferred stock-.
...Dec

liabilities of reporting

of the assets and

821,800

—

'' ^ \

■

•'

all reporting

dollars)
-Decrease

1st

due

2149,

Co.—

Public

Lake St.

$50,000,000 in the
San Francisco District. $44,000,000 in New York City,
and $71,000,000 at all reporting member banks.
United
States Government deposits increased $306,000,000 in the
San Francisco District, $119,000,000 in the Chicago Dis¬
trict, $107,000,000 in New York City, and $803,000,000 at

Statement of Condition of the ! 2 Federal
thousands

Kewanee

deposits adjusted declined

Demand

Steel

mtge.

3s, ser. F, due 1961—.
___Jan
International Paper Co.—
~
1st & ref. 5 % mtge, bds. due
1947——
—Jan.
Jones & Laughlin Steel Corp. 5% pfd. stock, series B—Jan

all reporting member banks was nominal.
Holdings of-United States Government bonds increased
$90,000,000 in New York City, $73,000,000 in the. San
Franqisco District, and $238,000,000 at all reporting memy

(In

1st

at

change

82 lot

-

—.

——_—

America,' Inc., common..—__—

Cooper-Wilford

Inland

$239,000,000.
Holdings of Treasury bills declined $218,000,000 in
New, York City and $133,000,000 at all reporting member
banks, and increased $44,000,000 in the Chicago District
and $41,000,000 in the San Francisco District;
Holdings
of; Treasury certificates of indebtedness declined $174,000,000 in "New York City and increased by smaller
amounts iri nearly all of the other districts; the net

was

PhilqdqlphiR, on: Wqdr

Lofland,

Barnes' &

by

nesday, Dec. 19:
Shares
;

increased in all districts and the total increase

purpose

Auction Sales

2016

ser.

Louisville- &

C, due 1969
Nashville RR.;—

Unified mtge.

McCormick's

4%

Ltd.

prior

Mallory

Merchants

Fire

2822

Monogram

Pictures Corp.,

& Co.,

Incl

Assurance

Dec

>

Jan. 1, '46

bonds due 1960

4}a%

2822

(P.. R.)

4.

preferred

Co.. of

5V2 %

N.

conv.

460

1

2819

1
1

2396

Feb

preferred stock Jan

15

lien bonds dated

1937—Jan

stock

Y,

pfd.

Jan
stock,

2151

FINANCIAL CHRONICLE

THE COMMERCIAL &

Monday, December 24, 1945

3112
"

'

'

*

•

Collateral

Collateral

1516

1

Apr

Products Corp.—
due ■1960_-_,-————-t—~Jan
Packing Co.—
' .
1st mtge. & lease collateral serial bonds___-_--__-r.Jan
Nentune Meter Co. 8/
preferred stock—

National Dairy

Automobile

1

2647

$5

Shipbuilding ft Drydock Co.

convertiblle^

2647: .7

^

3V*% bonds, ser. B,
'46
——Jan. l,
Niagara, Lockport & Ontario Power Co.—
1
1st mtge. & ref. 5% bonds, ser. A. due 1955-—-.—Apr
) .1
North American Car Corp., $6 A" & B pfd. stocks—___Jan
due

Co., ref. mtge.

1967

held

shares

20

$4.50

Building

Bagley
2397

Baldu-in

6^

C#»

2822

Bank

of

2822

.

(quar))-

Bank

of

Co.—
bonds, series B, due 1966——-Apr
Ref. mtge. 3V4#
bonds, scries* B, dixe 1966-——Apr. 1,
panhandle Eastern Pipe Line Co.-/ *;■;;/
First mtge. ft 1st lien bonds, series A——————Dec
10-year 2% 7' debentures due 1953———————Dec
Pennsylvania, Ohio Sc Detroit RR. 1st & ref., mtge,
Telephone & Telegraph

Pacific

,

.

Philadelphia
ref.

&

1st

40c

12-24

12-19

Fohs

1-15

12-31-

Foundation
Four

12-20

Froedtert

1-

2

12-20

$2.20

1-

2

12-26

.

.

1
1
,'

,

—Mar

—

1

preferred stock—
.
—Dec 31
preferred stock——j.————Jan
l
Reading Co. Jersey Central coll. trust 4s due 1951—Apr. 1, 46
Rhebem Theatres Corp., 1st mtge. 5s due 1951-w.——Jan 15
Rheem Manufacturing Co., 33A%
debentures
—-—Dec 31
Salmon- River Power Co. 1st mtge. 5s, due 1952——-Feb
l
Schenlev Distillers Corp. 5Vs7c
pfd. stock—'—.——Dec 31
Schenley Stores Corp.,
512
preferred stock—
Dec 31
Shur-On Properties Co., Inc.—
Collateral trust 6% bonds due serially to 1931——-Dec 15

2686

2824

United Aircraft Products,

Inc.—

due

1954

Disinfecting Co.,

due

1958

1977

•

1-15

12-17

class

(final)

A

1

York

New

43,4 7o

Power

Kansas

12490
2313

pfd.

(quar.)__

Corp.—

Power

,

2862

Wholesale

Supply,

(annual)

com.

Airplane
Air

Marine

ft

Reduction

(quar.)

Akron Brass

Co.,

(quar.)__^i_-___

common

Union

Yards

Stock

?Ni

Co.

Arch'Co.

American

Business

American

Casualty Co.

American

Distilling

30c

Co.

■

Co.

Enka

American

Fork

of

12-30

12-20

12-29

12-19

12-29

12-19

Hoe,

(quar.)

'

(accum.)—

Radio

(initial

Co.

1

(year-end)

A

Bank ft

Co.

;

American

$1.50
25c

preferred

1st

Trust

(N.

12-15
12-29

12-21

30c
37 %c
25c

2- 1

1-15

75c

12-31

$2

2-2

$1.25

1-15

—

Amoskeag

Co.,

Extra

common

(s-a)

$4.50
Anchor

preferred

$4

Glass

Hocking

Common

(s-a;

7

12-31

Vultee

Hunt's,

$2
82
SI

1-10

12-27

12-31

12-21

2

12-21

40c

1-2

1-

Class

(quar.)

preferred

_.

Anglo National Corp.—
Class
A
final
liquidating,
payable
surrender of. stock certificates

Argus'Corp.
Arkansas

\Va%

Power

$7

preferred

$6

preferred

Arrow-Hart

Arundel

&

Corp.

ft

pfd.

__

/

1-

2

Insurance

(St.

2

Corroon

12-31

•>7e

Craddock-Terry
6't

1st

(increased

Co.

1-15

3-15

12-24

2- 1
1-2

A

Shoe,

12-24'

Hegeman

Electric

(year-end).

Tquar.)~

Extra




$1

1-2

ft

1-31

12-15

(year-end

>

common———

(s-ai—

.

1-

12-15

2

1-

2

12-10

12-28'

12-21

12-28

12-21

2

12-17

1-2

12-18

*

1,

1-3

12-15

1- 2

$3

1

$1.25

.'/

25c

/■

.'____/'

(increased!.

40c

12-18

1-

2

12-18

1-

■

2'

12-27/

De

(A.)

Pinna

67c

conv.

Denver

Dry

Co.,

A

pfd. (quar.)—
(year-end)
—

preferred (quar.)___
Goods Co.—

*

1- 2

Co.

(quar.)
(quar.)
(quar.)

Light Co. 57c

1- 2
1- 21- 2

—__

$5

Savings & Loan Co, (Hali¬
/—
Inc. (quar.)—

Electric

&

12-27

12-18

12-27

12-18

Fairmont

4%

6%

preferred

Camera

—

Co.,

(quar.)

1-15
12-17

1-2

12-21,

12-29

12-20

$1.37la

12-29

12-20

1-10

12-27

$75c

1-15

12-20

$75c

1-

2

12-20

1

25c

(accum.r__

12-28

12-21

1-

5

12-28

35c

1-

4

12-26

$30c

+8.ssn__i._

1-

com.

«"v' $84

America—-

>

preferred (quar.)_1

Kansas

12-20

10c

1-

2

$1.50

1-

2

12-20

1-

2

12-20

$1.75

1-

2

(quar.i__

:—__

5preferred

Kokenge Co.

(year-end)

______

Light Co.—

4preferred

(quar.)

$1

3

12-14

3

12-14

1-

7

12-31

2-

1

1-11

12-24
12-24 '

Co;

12-15

(G.)

12-28
12-29

12-12

(accum.)

Lefcourt

1-

2

Lehman

1-

2

Leich

Trust

Lenox

Co.

Electric

.

(quar.)_______

(N. Y.)

—

—

Realty Corp. prior pfd
Corporation (quai*.)
ft Co.

Co.

Co.

Water

(quar.)

-i—____________

(quar.)—__—•

_—i

(Charles)

Leland

12-31

12-20

12-20

1-

7

1-

7

7/

(initial)—

preferred

(quar.)

(quar.)

(quar.i

.

preferred (s-a>
Liberty Baking Corp $4 preferred (accum.)
Lipe Rollway Corp, class A (quar.)——
$1 conv. preferred (quar.)—,,—
Long Island Safe Deposit Co. (year-end) __
Longhorn Portland Cement (year-end) _____
Loomis-Sayles Mutual Fund, Inc.—

12-24
12-26*
12-26*

Second Fund (year-end
(year-end) —
County Gas ft Electric—
preferred (quar.)

4Yi%

MacAndrews
6 7c

ft

Forbes,

common

I

Manning

5

1-lSt

1- 2

12-21

1-2
"1- 2

12-15
12-15

1-

2

2

12-18

1-16

1-

1-15

9

12-27

1-

2

12-24

1-

2

12-24

,10c
$1.25

1-15

12-29

1-15

12-29

1-15

12-29

1-

2

12-22

1-

2

12-22

1-15

1-

3

1-

7

12-28

1-

2

12-15

1-

2

12-21

12-28

12-13

1-

2

12-15

1-10

12Vac
25c

12-21*

12-31

12-28

12-31

12-24

12-15

'■

12-15
12-20

■

12-17

Marathon Corp.

57c preferred (quar.)

Calculating Machine
Marine Bancorporation—
Initial
stock
(year-end)
Marchant

Participating

stock

$3.10
35c

12-24

12-14

1-2

12-21

2-

12-14

1

1-15

75c

1-15

12-31

$1.50
25c

1-15

12-31

1-10

12-13

12-28

12-24

$1.25
37VaC

—

2

12-20

1-15

12-31

20c

(quar.).

(year-end)

12-24

25c

—__

Macwhyte

1-

1-15
1-

7f2c
10c
50c
8c
75c

$1.06^4

(year-end)

preferred (quar.)—,—
Co.
—
Maxwell ft Moore (quar.)

12-26*
12-15

12-22

$14.35

Clock Mfg. Co.

Luzerne

1-10

1-2

60c
60c

_

Loomis-Sayles
Lux

12-20

12-24

$2
50c

Year-end

12-15

2

1-28

25c
25c
37Vac
30c
$1.75

—__________

(quar.)

preferred

Special

1-

12-31

25c

University—

—

Lawyers

12-20

$2
37t2c
121,2C

(quar.)'

Co.

Brewing

Extension

B

12-20

12-31

:•10c

•

______—

Langendorf United Bakeries, class A

12-19

—.,,

_______

(quar.)

preferred

$1.50

Extra

67c

2

12-31

4Cc

(increased )

Stores

(John-).—j__j

Salle

La

1-

1-15

Co., Inc.—

(G. R.)

prior preferred

Labatt
'

Department

Reflning+___—

KrUeger

12-29
12-17

1-13

12-31

$1.1212
40c

■■

Kendall

12-14

1-

.'./irv

,

12-17

Kinney

12-14

$2,
ft

Kaufmann

2

3

82

-

Power

Kawneer ' Co._-_—_^.—•

1-

1-

87V2c
50c

(s-a)—_____

City Title ft Insurance

Extra

Kansas

1-19
12-12

1-

$1

(year-end).
preferred___i__jr_'____

12-17

12-31

2- 1

25c
25C

12-31

10c

(quar.)
Shoe

12-17

1-15

•

.

(quar»)—-$-.—/ $1.75,
37x7

12-20

1-31

(quar.)__

■

12-20

2*

$1.621a

common

City Southern Ry.-—
preferred
(year-end*—81

2- 1

1- 2

12-20

1-

(quar.i__

Co.,

Kansas

2- 1

1-15
1-15
1-15
1- 2
1-15

12-15
12-15

12-20

1-2

$1
60c
70c
$1.75
15c

2

2

ft

12-20

12-24

1-

1-

Julian

1- 2
12-21

t

12-31

1-15

12-15

$$1.50
$1.50
25c

12-22

1-15

Z-

Lexington Union Station 47c

$1.16

12-22

h' 1-2

$1

,

2

$1.50
$1.75

tquar.)_

(quar.)

shares

12-22

',-'1-

(quar,)-____-i_;______

Service

Brothers

12-22

1-2

40c

_

(quar.)

Co.

12-31

1-2

40c

'

:

preferred.,

67

,12-27

SI.25

common

Johns-Manville

Class

25c
—

33ic
(s-a)-$$l

Milling-4preferred

L.)

Founders

1-10
12-31
1- 2
1- 2
1- 2

50c

common

Co.,

2

1-31

•

•

Telephone;"

17t 'pre/erred

.

$5

1-30
12-24
2- 1
2- 1
12-22
1-15

Coal

\

(s-ai___________

Gas ■Corp.__^__^+$_i^___:-+i,___;/:
Brothers' non-vpting com. (quar. 1
:

Jenkins

12-17

1- 2
1-15

(s-a)
■

shares

preferred

(F.

Kirsch

$1.12Vi

/■/,■'.'

preferred

1st

1-2

$1.50

(quar.)__

ft Instrument

Creamery

preferred

1

10c

/Jacksonville

12-24

8c

Electric

(The)

2-

12-22

j

12-15

Ltd.'—

preferred (s-a)
:
preferred <s-a)
•
Mfg. 1%
pfd. (quar.)
Radio & Phonograph (quar.)

1st

Fairchild

1st

3-15

$1-75

-

2nd

V'/c

Fair

Public
■

$7

12-26

Manufacturing—•

Year-end

12-15

86

1-15

96%c

—

Musical Industries,

ft

Emerson

Iowa

Jacobs

*$1.50

—

Townships Telphone Co. (quar.)___
Bond ft Share $6 preferred
Controller

25c

1

""

" :

preferred

Group

preferred

3-30

(interim)_—$$1.25
(quar.)—,
$1.25

preferred

Electric

/
'

Secuiitles—-

Power & Light

7V

12-20
19-*"?

12-31
12-31
12-31
12-31
1-15

preferred

'

12-17

7Vbc

$7 pieferfed

$6.50 1st preferred

1- 2
1- 2
1- 2

15c
15c

S)
(quar.) _:
Magnesia Talc Co.,

N.

Eastern

12-15

50c

Iowa

12-3J.

.

Canada

12-17

12-21

$1.75

Rys. of Central
preferred (accum.t_

5'c

12-21

—

Tire ft Rubber Goods

12-21

15c

.

25c

(year-end

A

12-

50c

J.)—

International

1

1-15

30c
Dome Mines, Ltd.
—J30C
Dominguez Oil Fields Co.. (monthly;
15c
Dominion Tar ft Chemical, common (initial;
+25c
5 V27c -preferred (quar.)
?$1.38
Edison

Eastern

2-

12-31

v

,

preferred

4Vi%

class

$2

12-15

100^

_____

(accum.$2.50

non-ciun.

25c
50c
$1.75

(quar.)_

Cohn

ft

Stores. Inc
Hosiery Mills 17c

dividend)
Class A (quar.»_J_

(stock

Breweries

preferred

82

(quar.)

Faxon

l-

25c
—

(year-end

,

participating

30c

(Alfred)

Decker

Danahy

'. : // /
12-29

$2.50
$2
$1.50
81
$3
$3
83
30c

(accum.)

common

„

preferred

1- 2
2

50c

30c
$l5c

(year-end)

Park

47

preferred (s-a)
Forster, common (quar.)

Emerson

$1.75
$1.50

1-

25c

•,

Class

International

12-17

2-15
/■/''•■■
1-2

$2

Extra

87c

B

6'V

12-20

1

(quar.)_—

3rd

67c

—54c

Light—

(quar.)
(quar.)

12-20*

","'/
(quar,)__

Y.)

Co.

Co.

Co.

Inter-Mountain

12-31

SI
^$1

preferred

Ltd.

Johensen

Ely ft Walker Dry Goods Co.—
Common (year-»end

»

1

(N.

Motors

preferred

8'c

-r--*

$1

preferred1 (s-a;—

2nd

6%

6-22

3-

12-26*

12-22

$40c

Material Co., Inc.—.
(year-end!
!
preferred (initial quar.)_____.i/._i-_

Intercolonial

12-31

50c

1

______

preferred

6 7c

7- 5

J$1.12Va

Light

Electric

6ec,

12-15

1-15

75c

—-—_____________

ft Sons,

B.)

(C.

preferred

Electric

upon

(initial quar.)

2

12-28

$3.50

___;

Institutional

12-31

$1.75

—

(annual;

convertible

$6

Cortrell

Eastern

1

12-15

Co.—

Cox-poration

Insurance

/

Phosphate Co. (year-end;
& Reynolds Corp.—

Coronet

6-22

1-

12-17

12-28

80c

Imperialle Fuels—

12-22

Louis)—■

Extra

12-24

$7

12-22

1-

621ic

Extra'

12-22

$1

12-14'

12-22

•

(quar.)

Hutchins Investing,

12-26

50c

Electric Corp.—

ft

(year-end)

A

12-22

12-31

■

,

Oil Field

Class

Hyde

50c

(quar.)

Gas

Hotel

Coronada

5

55c

v

/■.'/

B

f>x2f'c

12-20

.

Aircfaft_7,__——,

Year-end

;

■'

r

Common

2

1-

10c

'

(s-a*_—.

1

Inc.

Coro,

12-22

Corp.-—

(year-end)

12-22-

$1.25

preferred________i_;

Hotel

Machine

Howell

$1.25

'

Public Service—

Continental

$2.25

—_

12-31

(s-ai

(Pa.»

•

_,

prior preferred .(quar.)

Duquesne

1-

'•

12-31

1-15

-

common_____

Houston

Machinery

preferred

Dunlop

7-

1-10

(s-a)

12-20

12-15

Loan/(Indianapolis)—

—___

1-15

1- 4

1-15

62»ic
$$1.75

(year-end)$10

12-19

/;5c;;

Consolidated

1- 4

$1.50

2-

12-10

10c

12--28

12-15

preferred
(quar/)"_^__$1150
Consolidated
Rendering—
1
'
$2

fax,

75c
'____

12-21

1

(accum.)

2

1-10

1-

1st

56

$2.25

(s-a)

12-17

12-21

25c

(quar.)

1-15

1-10

'

$4.50 preferred (s-a)

12-31

$1

(quar.V_"__

-;

-

12-29

12-29

1

1

1-

Consolidated Machine Tool—

12-26 '•

4

Co.,

12-15

25c

Holly Sugar Corp. ..(quar;)
Hook Drugs. Inc. *(quar.)
Horn ft Hardart Baking (N.
Increased
quorterly

2

22-

■'

12-20

1-

$1.75*

_______

pfd. (year-end)10c
<year-endr___
•
$4.50

A

Insurance

Gas

Class

50c

—Ili—'//'

'

Shoe

1

*

75c

_

—_—;._r_<'•

+.

Common

.

_______

5

Hendey

12-27

$2.50 preferred—J
62Vic.
Connecticut ft Pas^utnpsic River RR.—
67
preferred
(s-a».$3
Compo

1- 2

2-

12-31

50c

Co.—

(quar.)—,,/

J.)

participating preferred

Extra

Detroit

25c

—

(extra)

(quar.)

12-31

1-15

25c

_

Refining (year-end)
American Telephone (Abilene, Kansas)—

ft

3

12-

Sugar

5

12-

: -

(quar.),

Chemical__

12-21

2-28

3-15

$1.12%

(year-end)

1-21
12-21

12-15

1-

12-27

-

—^

—

(quar. i

2

12-28

12-27

____

(s-a»

.

Trust

preferred

Crum

12-20

12-22
12-10.

12-20

$1.25
50c

class

National

,

Davenport

(Houston.)—

com.

"

•

30c

_

•_

——

Corp.

Goods
ft

$3

1-2

Community Frosted Foods Co.—

12-26

50c

(quar.)

Paper

1-2
1- 2
1-31
12-28

10c

common..-

ft Traction,

Potash

12-29

12-14
)

(quar.)

American

12-18

—

—_—

preferred

"American

12-28

Corp.—

preferred

International

American Light

6%

12-28

(quar.)

Pa.)

quar.)

(year-end;
ft

preferrd

Quarterly

1-10
12-22
12-28

(year-end————

Co.

American General Insurance

American

A

Georgia

Securities

participating

4V2%

class

Haverhill

"Hazeltine

(quar.;—

Y.)

Extra

12-21

1-15

$1.50

(Reading.

(initial

Dredging
Electric

American

1-15

6c

(year-endi—
Credit

Discount

American

12-19

5c

—

American

American

of Rec.

15c

American

Quarterly

Holder1

1-15

4

12-31

1-15

(quar.)

Common

12-22

12-22

(quar.)
Bottling Coi-p. Class A. (quar.)—

Trust

Controls

25c

(quar.)—

12-15

1-15

;

Co.—

preferred

participating

preferred

.$5

12-28

J7'',' ' ; 5c
12l2C
*
50c
621ac

Lights" (year-end

Neon

Cleveland

Engineering Co.

25c

—,—10c

Insurance Co.

Extra

Mfg

A

12-26

75c
13c
15c

.

-X,.

1 quar.)—

Commercial

25c
—

Co

Mfg.

Fire

7Vic

___

;

—

—

_

Allem^nnia

Inc..

Instruments,

Co.

Extra

1-

$1

—

preferred■-(quar.)—
Stores

;Class. A

:

7'i

1-21
12-29

Class

3

12-20

57

_

Hamilton

1-10

2

Preferred ,(quar.)— ______r——,

12-29

12-15

12-24 "

____

(year-end)

Harris-Seybold-Potter

Continental

Strauss, Inc
—_—87V2c
Adams Express Co.
(year-end i^.
■_
•
/ 45c
Affiliated Fund. Inc.
(quar.)
4c

12-20

12-28

Co.

Co.

12-20

2993

1-2
1-25

Insurance

12-28

,

$3

12-20

12-27

Publishing Co.

Harrisburg

Consumers

(s-a)

pfd.

Guenther

12-22

—

—

Combustion

Industrial and Miscellaneous Companies

$6

12-27

preferred

67c

12-29

Fund

Commonwealth

&

12-21

50c

(year-end)

Electric

•

Common,

Abraham

12-18

12-24

77«

19c

Collins

The dividends announced this week are:

Abercrombie ft Fitch Co.

12-17

$3.06

common

Carpets

2193

When

12-31

'

Class
(initial)

B

Halifax

1-

1-15

12-28

Cooperage Co.—

Corp.

12-31

1

12-24"

10c

Light

Harding

'

Payable

Towing
Co.,

12-15

Extra

Per

12-19

1-15

1-15

12-21"

2

2

12-31

ft

$7

12-29

Commercial

Share

1-21

2-

1-2

1-

(Boston)40c

preferred

Class

Group

12-21

1-

(quar.)_

Power

Gas

Bros.

$3.20

12-31

12-28"

50c

Banking

Fire

Coca-Cola

Department" in the week when

Hame of Company

(D.»

Greenfield

1-15
12-21

$3.50

Corp

Hanover

Claude

the, dividends previously announced, bul

••

Lakes

Green

1-15

12-28

$3.50

1__

Trust

12-18

City

2688

which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation

/

Great

12-12

12-18

•1-31"

$1

'
L\

Corp.__

12-26

2689

-

2

12-17

"1-15
-1'1-31

20c

Co._____

Lakes

Grief

12-29

$1.50

s_w_

(s-a)_

common

(quar.).

Investors

Tubes

Great

3

1-15

1-

$1.18

^

12-

_1

(quar.)

Manufacturing Co. (year-end)___
Gotham Hosiery Co., Inc.
(quar.)
Graham-Paige Motors 57c pfd. A (quar.)__

1-31

12-15

Republic

Citizens

161.

1

1-31

5

$3

Goodman

1-10

1

2-15

(quar,)—$1.25

preferred

57c

'■/.

2-

Co.

Works

ft

Steel

12-22

1-

$1

RR.

2

12-22

$1.50

—

Hoist

Globe

1-

.

grouped in two separate tables.
In the
Clrst we bring together all the "dividends announced thecurrent week.
Then we follow with a second table in

declared.

Globe

12-21

25c'

'

Year-end

12-20

Georgia

(accum/)_*"" '.

pfd.

"

(year-end)

Daily News, common--—50c
v 57c
preferred (quar.)—^$1.25
Chicago Railway Equipment Co., common—.
,
25c
1<;,c
preferred ; (quar.)
433,iC
Chillicothe
Paper Co.
4%.. pfd. (quar.) — / ;$1.12I2
Cincinnati Union Stock Yards Co.———*
-15c

2191

are

Investment News

Water

2

12-21
12-10

__

2687

DIVIDENDS

and

General

.1:1

1%

.Quarterly.—

which we show

Machinerj

1-31

Commercial

Dividends

General

12-31

Chicago

—Jan

t In Volume

issue,

12-24

t$1.75
f$1.75

(final

——

in this

•Announcement

2

^

(quar.)

Co.

Industries

B

Clinton

——Jan
1st mtge. 6s, due 1973 Jan

_____

Wheatley Hills Gold Club. Inc..

Investors

1-31

Chemical

2862

2688

—

—

General

1-

Corp.-—;—15c
Century Shares Trust (year-end 1—
35c
Chain Store Investment Corp.
(year-end)
/,
12c

2399

Maryland Ry. 1st & ref. mtge. 3y2S, series A,

Western

due

———

12-24

12-15

Central

1930

Dec 31
Jan 19
bonds,

—

2

2-15

6'c

Co.. $5 preferred stock
1st mtge. Si collat. 3% 7c

Light

Gas

Washington
West

—

-——

—

1-

12-22

5C'c

10
4
1

2-25

12-14

'

.

convertible preferred stock.————
—Jan
Cigar-Whelan Stores Corp. $5 preferred stock—Jan
United Light & Rys. Co. dYafy debentures due 1952
Mar
Utah Radio Products Co. 4l/a %
convertible debentures
bVz'i

United

Capital

12-18

Central

1520
1930

July 1, '47
__Feb 1

series A, due 2022.
stock——______

preference

General

12-31

Central

Texas Power ft Light Co.—

prior

12-16

3-11

preferred:.iquar.)-__
..^?1^5
Carpel Corporation (qusir.) _—;
50c
Case (J. I.i
Co. (year-ond'
80c
Central Aguirre Associates lquar.)____^____
37'ac
Central
Investment
Corp.—
—$1.25

Co., 57c cumulative convertible pfd. stock—Dec 31
Syracuse Gas Co., 1st mtge. 57c bonds due 1946——Anytime
Terminal RR. Association of St. Louis—
•/■
',/
General mtge. ref. 4s, due 1953-—-—-—
Jan/" 1

Inc.,

12-18

'.//. 17e

Square D

gold debenture bonds,

American

1-

2

41c

12-21

Year-end

t__

common;_/._-.,„.

Light,

2

1-

1-

55C

(s-a)____

General

2-15

v 1- 2

Class

Sterchi Bros. Stores.

6%

'

•

Electric

preferred

Packing

19c

Canadian

;

5'c

12-22

12-15

$2.75

(quar.)_

12-22

2

$1.50

(year-end.)

12-22

*■

1-

50c

50<i

Co.

Garlock

" $1
Calgary Power Co., 67c pfd. (quar.+$1.50
Caldwell (A. ft G. J.) Inc. (s-ai
/
5c
California
Packing Corp., com.
(quar.)
37 Vac
57c
preferred
(quar.)___
62V*C

2824

Terminal Ry. 1st mtge. 4 7c bonds, series A_Jan 24

Corp.-—

Cement

Calaveras

2519

Inc.—
6%
cumulative first preferred stock—
—Jan la
15%' non-cumulative second preferred stock.—
Jan 15
Southern Colorado Power Co. 1st mtge. bonds due 1968-Dec 31
Southern Pacific RR. 1st ref. mtge. 4s due 1955——Jan. 1, '46
Southwestern Bell Telephone Co.—
1st & ref. mtge. 3% bonds, series C, due 1968
Jan 1, '46
1st & ref. mtge. 3^2% bonds, series B, due 1964__Jun 1, '46

Gardner

12-27

*

—

12-31

•-' 1- *;2*

SI.25
1

12-31

-

.1- 2

50c

(quar.)

(year-end

7

1-' 2

15c
Co.

Co.,

12-28"

_;

prior preferred

75c

<1

Electric Co., 1st mtge. 4s due 1966—Jan 14
Southern California Water Co.— .v.-V-■
6%
and 57c preferred stocks
__
Jan 4

Textron

Company

Biscuit

Burry

1678

Sioux City Gas &

Texas City

ft

Trust

12-29"

2

50c

(yeaivend;_______ '

Malting

Galveston-Houston

.*■

$1

(quar.)

1-15

1-19

1-15

Auto

ft

12-12

1-

12-26

1-15

'" 50c~

preferred (quar.)___________^_
Co.
(N. Y;)
iquar.)___

conv.

Fulton

1-

'•

preferred

preferred

conv.

47

12-31

Drive

Grain

1-30

,30c

:

$3

,

(year-end;

12-18

20c
Boston Herald Traveler Corp.
(year-end;
50c
Brandtjen ft Kluge dquar.)—i.__—25c
Brewing Corp. of America (quar.)
62%c'
Brooklyn Trust Co. (s-a)__„_-.______^__'-._,_, \
$2
Extra/
■ $1
Brush-Moore Newspaper 6'«
pfd. (quar.;
$1.5,0
Buffalo Niagara Electric 5c'o pfd. (initial;__
83V3C
Blair

2823

Extract Co.,

Pond's

(year-end>____

Mfg.

Inc
Inc

1-15

$2.50
35c
75c
50c

(accum.)

$5

George A.)

1

$3

.

....

2685

Co.

Pittston

Beaton-&■ Caldwell

2187

..

_

common_______:i

Co., common
(quar.)

preferred

Fuller

12-31

___________________

Investment

Wheel

12-20*

2

;

Bickford's

2648

Co.

2

v.;

Co.

Paper

Oil

1-

Corp.—

(quar.)

preferred

(extraI2V2C

pfd.

4l,aVc

participating pfd.

Foods,

Flambeau

1-

Baystate Corp.
Best

28

/;■;

Philadelphia Rapid Transit Co.— ///.
5% and 6% bonds due 1962_u

Securities

2648

46

D_——-—.———Jan
Transportation Co.—
/
A
.
mtge. 4'r bonds, ser.. A, due. 1969———Feb

6'4

3

Corp.

218"

28

C and

B,

series

bonds,

Bankers

'

1

Refunding mtge. 3V4-%

2822

Bros.

Bros.

25c

——

Barker

Fisher

12-12

-

Bureau,

California

of

12-22

________

12-31

1-15

(increased)

__^

Co.

75c

Y.)

(N.

1-15

'

12-31

$1

(year-end)_______

Insurance

Extra

We

1-15

<

$1.50

Inc.

Fire

preferred

'

1-15

,

1517

4 (r

$1.50
30c

—.

(Increased quar.)__
(quar.)

Co.

Yorktowh

ft

Equipment

50c

Manhattan

Extra

Co.,

J.)

12-11

(year-end)
:
I-—^

Corp.

common

preferred

50c

Extra

Filing

of Rec.

—

20c

(J.

Felin

Holdera

Payable

25c'

1

2-

C.)

(quar.)

Fidelity-Phoenix

12-19

50c

D.

;___

preferred

12-22

•,

(Wash.,

(quar.)

Filtrol

__i

Share

Extra

67

1.v:t.

(initial;

Finance

■

1- 2

..

Commdn

12-19

'• )•
preferred

.

share

10c'

1

^

.

1- 2

.

O

due 1946--:
Any time .
1st lien ft ref; 6/
bonds. series B. due 1947__-_—Any time/
Northern Pacific Ry. ref. & improv. mtge.' 67
bonds,
series B" due 2047-"—
.>
.iJan.iv w ki
Oklahoma Pr. & Vater~Co. 1st mtge. 5s, ser. A, 1948—Feb
1
1st lien

each

„•

one

preferred

$4.50

37V2C,

—

dividend,

for

2020

—

New York Utilities, Inc.—
Si ref. T'A bonds, series A;

Northern

(quar.)L*

Mills—...

Avondale

Stock

Ne^Yoric ^Telephone

(Phila,)-—.

Common

,

.fl7V2C

preferred "(quar.)

77*

Banking

preferred

$1.50

1

Plan

Thrift

Atlas

Nebraska-Iowa

Newport News

12-20
12-28
12-28
12-24

1-7
1- 7
1- 2

.

debentures

3y4 %

12-20

1- 2

Federal'Services

12-24

1- 2

common,.—$2 '
7/
preferred (s-a 1 _■
•
A$3.50
Atlanta Laundries, Inc. $2.50 1st preferred$2.50
$2.50 2nd preferred (resumed)
$2.50,,
Co.,.

'V 7When'' /

Per

Name of Company

vf Rec.

12-31

25c

Co

Manufacturing

Athol

1516

x

1946-

of 1929 due, Apr.,

gold notes, ser.

Product3'

Athey

due Jan.

Holderi

When

Payable

Share

Name of Company

Corp. of America—
gold notes, ser. of 1929

Plan

Morris

'

Per

.

Page

Date

Company and Issue—

12-20

12-14

20c

12-20

12-14

1-

'

Volume

When

Per

Share

Name of Company

Martel

Mills

6%

Corp.,

Massachusetts Real

Corp.

McDonnell

6%
5%

10c

r

Co.,

—

Sangamo

12-14

Savannah

12-22

12-12

2-

1
1

l/_
__

(quar.)

$1.25

12-24

I

1-

2

12-24

1-

2

12-24

12-26
12-20

Common,

12-20

5 45%
Shaffer

Year-end.

Power

12-10

1-15

$3

'12-15

5%

preferred

Minnesota
5 %

Light—

&

I

.1

_,

„

Co.,"

Stores

(quar.i

Valley

preferred

class

Canning,

VViliiams

Sherwin

11-15

(Boston)

4.

Power

Light- $6-pfd, (quar.) —
Monogram Pictures 5 %% conv. preferred^
Montana Power $6 preferred (quar.)

~t

12-15 "

Southern

Colorado

12-11

Standard

Oil Co. ( Ohio),-

2

12-15

Standard

^c'
.

-

Morris

-

Munson

*$4

•t

Investment

•

Fund

:

3-

1

.National

Bond

25c /.

Co;—

Battery

& -Share-

/.-.

(quar,).

.15c

•
.

2-

.

1

,

,

■

New

•

Britain

30c

■' '.i

Title

.

'Machine-'(quar.)

12-22 ■» i

50c

12-14 )

-

New

■

t

New

Orleans

iv 2

$1

,6f<r ♦preferred (accum.
;$2
preferred
(accum.)—

3345c

Public Service,

1-

■■

35c

(quar.)__

com.

,

.

>

(4%%" preferred' (quar.)_ia_iit._._i,w«-- $1.18%"
Newport Electiic Corp.—
J,'■•4
rv
'
6%
:r
$1.50.-;
preferred (quar.)
;/
Norfolk & Western Railway Co.— •'.)•.
'

Adj:

preferred
(quar.)
Judd Manufacturing

North

!-

North

Texas

Co.1

(quar.)-_._.__/___A____w
1——1—-•

'Extra

'**>'

'

2-

9

'.1-16

1-

2

,12-20

1-2

Ry.

Northern Indiana

Public Service—

(s-a)-_,

42-20
"

$1

'_

.1-

/■/

'•

U.

W.b

Electric

preferred

6c/o

pieferred

1-14

$1.25

((j u a r._—____
Oklahoma Gas Co/44i///_/;//

Northwestern

■

12-31

12-3142-10;

i

<*

45%, preferred
Northern

20c V
i

(quar.)

(quar.)

12-20

"

$1.50

2

iwaukee)-

Corp.—

O'Brien

:'/;4.V;'A /4,v/

2

12-20

Gold

(quar.)_'i_:

V

',5Vzltt
'

preferred

5'M

preferred

Orpheum

'

Co., Inc.

Pacific

Can Co.

Pacific

Gas

Park

Chemical

-

4%

Mines

Consol.

44iil,b

(quar.)__!_^

&

;

:

Pick

Co.,

45 c

1-

2

12-20

I.' 12-20
1-15

10c

12-22
:

1-

.

i

1-

Vulcan

—>

Provincial

1-

9

$1.90

■

25c

$1.10

-V

2-

25c.

1-

White

$4

&%

preferred
RR.

12-21j

;

7%

12-22

,

preferred

-

12-24

1

■

.-.Clasav A

•

12-20

12-24

12-17-

.

12-15.'

12-

W5

;''v.

12-22-

$$1.75/ 1

1-2

-

2 -15

..

■»

W.)

1-15

,$1.25,'
''4%c

Fifth

17%c

'

preferred

54ji'b

preferred

Diego

5%

'•American

1.2-15

1

1-15
12-14

Co,

(quar.)

-

'

11-26

•

12-15

,

12-14

80c

12-24

12-0

of Red.

Works

&

Elec.

2

$3

12-10

12-28

12-

7

,•

12-27

12-

7

-

37 %C

12-

42-31

30c

1-

25c

-

12-24

2

1-2

12- 0

1-

$1.75

.

0

12-

2

7%

5*

(accum)

(quar.),

Oil

Co.,

12 %c

1-

2

11-30*^

$1.50

1-

2

12-10

$1.25

1-10

12-15

—

Arkansas Natural Gas Corp.
Co.

Armour

12-5

Armstrong

&

$6

Rubber

12-24

$8

.

12-10*

2

12-15

$li5

2-1-46

I-11

$1.50

1-31-46

1-21

1-

25c

—

,

preferred (quar.)
/Arcade Brothers, common—;
6% preferred (s-a)
■: Arkansas Fuel Oil Co,
6%-pfd.

12-5

.

12-17

2

Ltd.—

$5

6%

pfd.

prior

conv.

12-6

12-26

10C

140

12-19

25C

12-26

12-15

$1.75

12-26

12-15

,

—

12-10

——

$1

12-24

$3

.12-24

tquar.i——

45c

12-28

12-15

"

7 15c

12-29

12-15

*

pfd.

(quar)

;

-

pfd.

12-10-

$1.25

12-12

1-

9

12-21

1-

2

12-17'

15c

,

—:—

2

45c

:

(accum.)

1-

$3.50

(quar.)"—.

Class B—

Co.

5%

.

1

—

prior

Co.,

4-

$1.50

Angerman

Edison

"

7

12-17
12-20

Amer. deposit rets. (interin$)_____
Co. (initial)—"——,—,

;

12-

1-15

12-31

——

preferred

6%

2

$2.25

'

preferred

1-

$1.25

12-10

$1.37%

^

;

12-31

$11.50

Inc.—-

Co.,

(quar.)

Woolen

Anglo-Iranian

Arizona

*

12-10

1-

,

12-10

2

$1.75

—

Apex Electric Mfg. Co., common

7

12-24

;

2

1-

50c

Wringer Co., Inc.—
American Zinc Lead & Smelting Co.—
$5 convertible prior preferred
(quar.)

Hotter*

12-24

15c

1-

$3

•

-

'

40c

.

•

1-15

„

6%

*

1-

3

12-31

(quar.)____

American

Payable

••-/.<$«

5

1-

12-28

5%

Co.,

Tobacco

American

12-26

Share

'

1-

$1.73

pfd.
(quar.)—
preferred (s-ai__
pfd.
(quar.)
Association- (year-end)_____

Thread

preferred

$6

Companies

(liquidating)

12-15

IOC

Thermometer

American

12-24

Wnen

1-2

50c

Telephone & Telegraph Co. (quar.)

American

12-14 '

'/•/■"i'-Z

5c

25c
84c

$2.25

preferred (quar.)




■

'!

1-

2

12-10

Arc

1-

2

12-17

12-14

Art

12^20

Asbestos

42-26:

Acronca

12-26

Manufacturing

Securities,

Aircraft

1-15

12-28

Aetna Casualty
Extra..

2-1/

11-10.

Aetna-

1-

Corp.

Inc.

class A

(quar.)
(year-end)

2

_3

Insurance

Co.

•

Aetna

Life

Insurance

(Hartford),

'

Aetna-Standard

Engineering, 5% pfd. (quar.)
pfd. (quar.)

Agnew Surpass Shoe Stores 7%

1-

5

145

1-10

Agricultural Insurance (Watertown, N. Y.)
Quarterly
_—

12-13
12-21
,

A

$1.37%

1-

2

$1.25

1-

-

(quar.)__

2>

2

12-20

2

12-17

12-17

12-

12-30
•

1'

12-

12-30

$40c

I--

•

.

12-14

r$1.40
conv.
preferred (accum.)>___——
Ashland Gil & Refining (extra)

2

2-1
1- 2

12-15'

'

1

•

f

1-15^

Air Investors,

12-15

Alabama

1-15

12-31

25c

1-15

12-31

Ordinary
6%

$2 non-cum. pfd.

Great

Southern

(s-a)

preferred (s-a)

RR.

2

&

Tel.

(accum.)

12-31

12-12

20c

1-

2

12-12

30c

1-2

11-30

2

11-30

Atlanta

12-22

Atlantic

11-30

Atlantic Refining Co., 4% conv; pfd. A (quar.) ':

?

"-40c

$1.25

4S1.75

1-

12-31
1-

2

'

4st' preferred

Atlas
1-

2

1-

2

Birmingham & Coast 5% pfd—__—
City Fire Insurance Co. (quar.)
—

Drop

Forge

(liquidating)

Alarm Co,

12-15.

Automatic Fire

12-15

Automobile Insurance Co.

lextrai

—

12--4
12-

77

12-29

12-

7

41.50
-

3-

2

$2.50

2-

1

$2.o0

1-25''
12-28

1-2-46
12-31

50c

$1

2-

1

$8

1-

12-20

7

10c

*

12-,. 4'

12-31
12-29

$1.19

•

"(accum.)
Atchison, Topeka & Santa Fe Ry. Co., com.
■'
5% preferred (s-a)
,—•—
——,—_
$7

12rl0

$1.02

$1.25

—

1st pfd,

$6

42-18 '

1-12

1-

4

i-_2

25c

1-

2

II-30

8%C

1-2

12-20

40C

1-

2

11-30

25c

12-27

12-20

Avery

37 Vac

1-

2

12-20',

80c

(year-end)
Co.—

Tel.

Assoelpted

1-2

12-29

12-22

Aviation

25c

Special

12-24

1-

10c

50c

(quar.)

preferred (quar.)_—

5%

12-28

$2.10
•

40c

75C

Ahlberg Bearing, Class A (quar.)_—
Manufacturing Corp. (year-end)

2

Investinent Co.,-common

•Associated

11-30

•

.

41-30

1-

—

Ainsworth

20c

Manufacturing Co.—•

Asbestos

2

50c
"■

.

12-20

12-22.

2

1-

$20c

.

—

'Extra

12-15 k

2

1-

'

4
•

(c|uar.)

1-

1-

'

62 %C
'

1-15

/

(quar.)—

12-20

12-24

13%c

(Hartford)-

12-26
.'

Corp.

1-

40C

55c conv. pfd. (quar.)'

& Surety

.

12-26'

1-10

Construction Co.—k———

Metal

1-10

37 Vac

12-15

2

1-

12-29

25c

*

2

1-

>

2

1-

50c
50c

"

20c

Addressograph-Multigraph Corp.- (quar.)__

112-31

1-2

59%c

preferred (quar.)————.—i_—
Equipment Corp., common (year 6nd)__

1-

'

-

——

4%%

..

: 1- 2

Aero Supply

12-31

—r-Y.

.

12-10;

.*Q

___-_

Class A —_/

2

12 %c

Aeronautical

Shipbuilding—

(quar.)—

1-

t$3.25

12-10

25c

.

/

& Pow., 5% pfd. A (initial)
Gas <fc Electric Co., common_--_

1-15

tl

Glove-Works, Ltd., 6l/2% pfd. (s-a)__
Hat Stores,' Inc. (initial)
Adams (J. D.) Mfg. Co. (quar.)

•42.21'

50c

—-

'

(quar.)—

i
Sugar Refineries, Ltd.—
partic.: pfd.
(quar.)_________v__. -V425C

A

12-26

$1.37V'2

(quar.)—

St., Joseph Light
San

,

Water

j-

1-15

$1.12%

Superpower Corp.—
' n •'
$6 1st'preferred (accum.) _——
American Surety Co. (s-a)——.—_._i/_—

American

Atlantic

ClaSs

.12-29

^5c

Russell Berg Fund, Inc. (year-end)
Russell-Miller, 442%' preferred (s-a)

St. John Dry Dock &

Miscellaneous

1-15

$1

40c',

(quar.)_—_.—-—___
Sugar Refining 7% pfd. (quar.)__

12-20

'

Company

•

12 %c

&

Avenue

and

12-31

35C

Co,

Z"# 1- 2
/4-2

.

r

42-15*

62 %C

Co—

Insurance-

Stores

Turf

2-

-

1- 3

v

common_________^___

States

American

50c

,/

1243 /

.12-11

.15c

_______

12-19

1-15

2

Acme

12-21

•12-26 "

8%c

_w--»

(year-end

Co. (quar.)
Rochester Button Co. .(quar,)__-——;
Russeks

(cuar.)

-

1-

Adam

Reymer & Bros., Inc, / quar.)———
Reynolds Metals Co., common,.,

(H.

Corn,

25c

SI.50

Co.,

12-21

71c

Co._—44___4—________4
Car

Insurance

12-10*

2

12-31

25c

«

common-—__——

American

/'

/

1-19

$1.75-

«7f. f' Name of Company

' '-4%!

'

75c
Insurance- (Pittsb'gh). (quar.).
$1
-Special
IJ
$4.25
Investing' $7 .preferred' (accum.)
Revere Copper & ; Brass, - 544-fb- pfd.
(quar.) ; $1.31%

Rickel

/"'

D.'F.

Acadia

1-15

_____._(___4 J

i
5Va% convertible preferred (quar.
Rhinelander Paper Co.:.—

,

'■*■/')/

____

"I

"

-

(initial)

-

1-

"$1.75

12-16

$3r

(quar.)______

Abbott Laboratoriesicommon

12-15

!;

Reserve
:

?

A.

12-24*

Reliance Life

r

preferred

preferred

12-10*

2

12-21

Co._________

12-10*"

1-2

American

149

2

lr 2

2dC

1-

15c '

"Per

1

12-31

Z.1.50C

(quar,)-—_i__—-l—''
Y,)

$4.25
7%

1-

-

35c

(bi-monthly)—______

American

i

:

$1.50

Yards

Industrial

-

'^2

..4-

(quar^)_.._-_

Corp.-iN.

■'

12-15

_____________

Snuff

American

.

.

-

1-2

'

prior'preferred (quar.)

Re-Insurance

.'

/ /

:

12-17/

:

(quar.)

Reed Drug Co., common

.

(s-a)

Stock

Union

Co.

•-

(quar.)

Co.

11-19

62! aC

(

6%

['J

,12-20'

12-24
12-24

$2.50

6%

i) $5

,

•y

Blake

12-14*"

50c

7%

Paper Co., Ltd.—

Service Corp. of New Jersey— ;
j
preferred (monthly) ___—;—_—'
Puget- Sound Power & Light Co.—
'•
;

Inc.—

Grocers,

preferred

2

/ lr 2

preferred (quar.)——__—_—
American
Stamping

'

12-27
;•

1-

•

$3

preferred
Smelting & Refining Co.—
/
.Common
-(year-end)___________
7% 1st preferred (quar.)____U_—7— ■'

12-14

.

12- 3

Co: /(quar.)_____________ r
Radiator & Standard Sanitary—

American

12-22

.;/2- 1
I* 2- 1

50c

•preceding..table.*:;• '■;/./

■

\ $1

(quar.>—-

12-31

140

50c

2

:

v$3

12-21

12-26

$40./

1-

Optical

Reserve

-

12-29 '

American

12-22

Public

-

,

2

$2.20

(quar.)

'

1

? Below
we give the dividends announced in
previou»
weeks and not yet paid.
The list does not include divi¬
dends announced this week, these being given in the

12-31

6245C

$1

8

1-15

12-31

Co.

12-20

2

(quax\)_
/

12-20

2

1-2

,4-

25c

(initial)——,—_—______

News

1-

25c

$1.50

■

12-21

-1-2

»6245c

,

12-

12-26

50c

12-20 "•

(quar.)—________________
&
Metals (quar,)

Products/common

American

(accum.)4___i/__4___

2

Machine
Maize

American Service Cb.,

11-30
/

1

1-10

•

45c

.

1-

*

Rolling Mill Co., 4%% pfd, (quar.)
American Screw Co.
(yearrend)

&

common

-

'»

8

-1-10

30c

(quar.),_________4.

preference
preference

Villa

County Gas
YoungstoWn Steel

42-31*

1-2
'1-

1745c

Pipe

12-..4

''

Common

:

1

12-29
'12-

12-31

10c-

/

2

$1.50

_—__:

New common

"s;':/;/::'//)

(increased)___

Western

2-

$10
7

lr

12 Vac

American

12-21

1-12.

40c
'■

—

Cos.

Stationery,

York

1-10

11-12.

//T,.-—_______

(liquidating)

prior
conv.

Wisconsin

12^31;

25c
80c

.

—

formerly

Co.

Wieboldt Stores
12-19

2

'/-18

20c //l2-24

.'

■

$1.18%

20c

Illinois— .'

of

-

12-20

'(monthly)-

Co.

-

12-10

3

6% non-ctmi. pfd. "(irreg.)

preferred

American

♦

Sewing Machine Corp.—

6%

.

$2.50

;

V

Corp.—

Massachusetts

Witchita

2

1-

$1.3144

■

8745c

4;

Products

1

12-15

12-28

•

/

it '

1-

preferred (quar.)_:
!____
Locomotive
Co., •. common—____

American

1

Pipe

■/'.

■

:

rn

1-2

25c

.—.

American Manufacturing Co,—

!

-

-

25c

convertible

7%

all

_4—

$1.50

V

& Felt,- common-—_1—____

Investment

American

12-22

1

12-15 *

45

12t31

(quar.)_7__:_"_/_-:v__—*
Hardware'. (quar.)

American

'

3

1

12-

12-31

preferred

American

12-27

12-

2

36C

Co.,

^

American

12-22 v

1-

$1.12 V*

1st preferred (quar,):———
2nd

American

12-26

4

12-1 *

2

12-28

$1.25

12-22

"12-27

1-

,25c

Foreign

Extra

5%

:

clears

Mining— ///„..

(s-a)_

Works

Co.

Whitney

1

2

1-10
12-19

1-2

I2VaC

Express

American

12-29

1-

1

12-31

$5
$1.50
"

r

American Home

42-26

/./12-27

$1.75

■

2-

"75c

preferred

—_______

Lines

American Ice Co.,
.,

,;12-26

.

12-21

1-25

/

.•

payment

(year-end)_

Western Tablet &

V

12-27

1745c
>

Water

Gamble

Iron

Steel

12-24'

2

Securities—

(this

Bondholders

Western

12-20

9

Inc.# common.---.——4--"

Providence &' Worcester

$1.12 4/2

11 j -13-10

.

"

6%

all

Special

9

1-

v

Polaroid Corp. 5%1 1st preferrd.—-$2,50 2nd preferred——-a_—4—•
Prentice-Hall, Inc., com.
(special)—.
A$3 convj participating, pfd.-(participating)
Prentice (G. E.)
Mfg.■•■(extra)'-—
Proctor *

•

1-.16

1-

*

12-154 "

12-29

/. 1- 2
1-/2

20c'

,

2

%c*Year-end'

20C
•

;

12-15

1-

$6

.12-20

1-16

12-20

,

$1.50

12-20 V

2

12-5

Common vtc.

,

•

■

/
,</

-

Victoria

12-15

•

1-

2

12-/1

-

12-26

12-24

$2

1-

Co.<quar.)„_4_i
Pneumatic Scale Corp.j Ltd.—
//,-

r

50c

2

1-

,

.

12-

American

12-20

.

*3

2

,

12-28

'20c

20c

12-31

12-31

2644 c

.; Common
(year-end)
7%, preferred (quar.)—

preferred

•

12-20

1- 2

12-19*

1-

12-31

$1.75

1-

'

2

-

1

50c

'

1-10

,12-31

20c/.

12-19

Co.-(quar.)—.—_______
6%" pfd. (quar.)—
Investing Corp., year-end
American Fruit Growers (year-end) ________
American Gas & Electric, 4%% pfd. (quar.)

"•/

"

Extra

12- 5

2

—$1.63

(initial)

(s-a)

Union

25c '

.

12-31

1-31
1-

12-28

.

(year-end)

American Hair

12-31

$1 ;

1249

2

(quar.)____________

American

>,

12-24

1-15
/

Hosiery Mills
(yeaivend).__4___4_
^ 70c
Vertientes-Camaguey Sugar Co. of Cuba^J-__ ''•"*• 7 50c

White

&

preferred

Plainfield

12-28

SI.36

preferred

(Albert)

544

-

12-22

1-15

International

1st

2

12-19

$1.50

) '
>
;
///•,./.;.
share of class B stock______

American Felt

12-19

•:. 145

r

$10c

x_

'.*•'

2

12-20 V

1-

12-28

%

(quar;)__

'■;>?'

.

Export

American

1

12-31

i-

^

•

Vanette

Ih,

Trading $1.25 class A (accum.)
Philadelphia Co. (year-end)——-——-Philadelphia Electric 4.4% preferred (quar.)
Phillips Packing Co., common—...,—
,Ji54-4% preferred (quar.)

-

12-28

4//75c

shares—./_

preferred '
$7 : preferred—

Petroleum

12-30

.$1

J$6
•

1-15

;

-i

American

*

5

1-

12-31

,

12-28

7%

preferred series B (quar.)—//-/-/-'

American

12-31

2

12-20 ;
12-20 >

-25c

;

$1.31

preferred

12-10*i

12-10

12-31

$3.50
.

common----

(quar/)—7______—
District Telegraph", 5% pfd. (quar.)
European Securities Co.—

Common

■:

1-

'

$25c

■

___

preferred/this payment clears

./Western

preferred

$5

50c

83

Co._

i, Pennsylvania Power & Light—*
;

12-20

75c

preferred
Enterprises—

2nd

United Utilities, Inc.

12-26

Bottling

Pathe* Industries Ar/b
Patino

1-

2745c

Coca-Cola

■iv

(year-end) _4444_44.;

A

U. S. Smelting Refining &
5% preferred (quar.)

12-28

50c

Year-end /
Panama

,

2

1-10

.'b?

pfd. (initial)-.
Pan American Investment Fund, Inc.—

.

Class

12-10*

.12-10*:

12-24

,

25c

preferred

$4.50

5

1-

$$1.50

____—4._444__4V

Co.

2

1-2

/ .'15c

(accum)

—

Co.,/

Colortype Co., 5%

American

,

1-

'

8

1-2

_

$10.83

12-20

12-28

Co. ;(quar.)

Pacific Greyhound Lines

Foil

$5

12-20

$1.75

f

quar.V____—

Electric

&

S.

12494

1-

25c

?

1-

1-15

?
m

(quar.) ——____4__—__'

preferred

12-18

2

12-28

(quar.)I_______________

Co.;

or

American

'

S. Fidelity & Guaranty Co. (Bait.)—
• /
Quarterly
T___
'' / 25c
Extra
!
f//4/_—4—4'.; ;>/ 25c

U; S; &

12-20

■r:'
$4
$1.80

—

(initial

2

1-2

-1-2

-4•

$1.50

1245c

(year-end)__
Inc; - (year-end)
Illinois Glass Co. (year-end)

Owens

•

-___44_4_4- •

/

-

7

-

-

2

1-

"

12-20 J.

1-15

"t$l;
$$1 !

•

(s-a)

(quar.)

Cash

,'5%

12-20

'

Can

American

12-20

'".'.,"1-15.

pfd.

American Crystal Sugar Co.; 6% pfd. (quar.)
American Cyanamid, common
(s-a)__—

-

12-20

$45

6%

common

$2.75 class A: (Opt. div. series of 1936)

1-31

1-2

•"

'

-

;

f 1- 2

.

20c l

_4—

12-31

1-

25c

(increased)-

com.

:

145

75c

Shoo

preferred'

i ((optional.)

/

,

12-28

1-21

.1-2

:

(s-a).

iBkiyn.)

12-31

class A' (opt. dlv. series) pf .1938
Optional dividend of L/16th share of
class B stock ot 88%c.in cash—

1-10/

50C

'

:

12-1

$1.3745

Overseas Securities Co.,
-

'

____4__4_4-—4_44_i _4__—/' '•
Bank

12-17
12-20'

1-15

-

/ ?$2.75

8

1-10

:

:$8

12-28

$1.25

(quar.).i.

6'» ; preferred ■(quarA^*--^-x«a-^i-^-Si.'i
lcb .♦ preferred • (quar.)

12-

12-28

Corp._____

(increased)

conv,

$6

11-30

1-29

12-15

15c

■'

(quar.)

12-15

$6c

-

Public Service

12-17 K

50c

/

Confectionery class A- (aceum.)

Ohio

Ltd.

Co.,

Cast Irop'Pipe Co. 6%. pfd. (s-a)
American Cigarette & Cigar, 6% pfd, (quar.)
"American Cities Power & Light Corp.—
v.

12-20

$1.50

r

"-'X- 'r*4

1

Mines

Ohio

;

12-31

$1.25

Share,

p

American

12-27 j
12-18

58 %c

Clas§ B (year-end)--___4________/___//.._
7% preferred (quar.)—4—
U. S. & Foreign Securities— —
'/■''/
*
;
$4.50 1st preferred (initial quar.) _//___/

Mil-'

Co.,

•

preferred

-60c.conv.
'

Insurance

(quar.)..-.

Nu-Enamel

V

National

5%%

12-15

2-18

41%6

/

i 12-20

1-

$1.75

_Lu

1-

U.

.

Northwestern
:

Extra

$2

12-20)

2

1-15

$2

&

-4——

Gas

Common

'

•

Northern Central

-

j

12-19 j

1

2-

*!

Y.)- ■(quar.)___4-

United Light * Railways____
United Printers & Publishers—

.

V

•

f

Bond

'Extra'

42-20

50cV

-

Unlted

United

2

1-15

5o

30c:

s-a)i,uj—

Brake

American

42-27

/96c

/

(N.

12-10

20c

25c

preferred

;7%

.

-

/

50c

_ll_l_—4_____4__'l44_; 4

Co.

1-

*

11-30:

(

2

25c

.

1 quar,)

1-

3

1-

4-2

75c

25c

1-5

:

.
i- 2
"-:c,2- 1

$1.50

Assn.,Ltd.-(quar.)4——-44

Trust

$30c

(quar.

Bemberg Corp.,

American

3

1-

T

•

(monthly

United Industrial

25c'

—__—....

k.

Underwriters

12-22

2

145»

$1.75

(monthly)—_—1—
Shipbuilding Co. (liquidating

Traders Building
Extra ,_'__4_

12-22

,

pfd.

iquar.)

12-10'

1

1-

2oc

•,

1-10

,

''/ 1-/2*

preferred

Trusts & Guarantee Co., Ltd. (Toronto)

y' v/

:$l/•'

V

'

5%

Co.,

(s-a)____
(monthly.

//Traders Finance class A (annual)„_-_4_l_44/:
7. "-Class B
(annua!)/—/
4———4.4

12-24

2

1-; 2

—

'

:

42-24

1-2

Edison

Note

preferred

American

4- 3

,

;

1-15
-2-1

4 $1.50

(quar.)____\_

of-Minnesota

Co.

preferred

-

Toledo

'

1- 2
12-17
;
$1.50,.
England- Laundries, $6 pfd. (quar.)
England Power Co.; 6% pfd. (quar.),//"7./-41.50 4 •;: 1- 2 :> 12-21 )
'/>:
v.-rNew England Pow£r Association—
New

•

:

12-31

1-15

pfd.

"v.

Light Co., 7%

Insurance

6 %•
7%

/
v

12-20

(

:1-15

Y

/ 4334c

'•*•'/ *'
Common '(stock1 divfdend)_________
i$3.60 preferred - fquar.>_i___i.-__4__-i^i-_ *

•

•

Toledo

12-20

,

(increased) /

<

12-31.)

_

"

National Manufacturers & Stores

>•'
?

1-10

.

&

Corp.

11-23*

2-1

Co.! (quar.)

American Bantam Car Co.

ThatcherManufacturing Uo»

1-15

12-31

y

12-26
$1.40
V_iV;__4._/.__—*
2- 1
National Container Corp. 4%%-conv. pfd—
'29%c)
-.National Fuel Gas: Co/ (quar.)
20C i
1-15
./ ..'415c
1- 2
,c National Grocers Co., Ltd.-, • eom,^:<quart)
r
! k$l.SO
1- 2
$3746c--7
preference ((quar.)
•Year-end

1-15

12-20

145

•

-

Electric Service,^ $6

11*

(quar,)—!/*

,

140

/ 12-24
"(4- 2

Power

Roof

-Co,

12-24

$$1.23

Year-end

»

6%

'

$1.12 45

pfd. (quar.)_. :
;$6 preferred (quar.)I—,1___1_—ilTextile
Banking Co. -(quar.)
1—1_1_ "

»12r290

i

30c

1-41
:7.

.2c

Texas

Bank

American

l-2"i,

.1-31

ioc'

pfd. "(quar.)

pfd.

Insurance

Bakeries:

12-24

12-27

7%

'

11-23*

$1.50

(quar.)_

__________________

1-15

25c

Corp.,

Alliance

Asphalt

•

i 1- 2 '

1

20c

Texas

'

12-31-,

J

/

5%
.

...

Oil

12-15
12-31

12-24

'

12-20

2- ,1'

'2-

Tennessee

12-31

1-15

common (reduced)
(a-a)
lll_l__—4——
class A pfd, (quar,)l.

Products, ,8%

5

40c

50c

12-20

1-15

5c •7

_!

Texamerica

2

21

1-

X

12-

2

1-

50c

•

12-

12-15

1-

37 y2c

12-31

2

/•/

2-19

12-19

,

15c

—

445%

Co.

;Year-end

1

;;^-5c:.

1v

._-_*___4i.:_l_ll__ll—1_11:__ 4"
Tamarack^ & Custer Consolidated Mining.*— '

,

,12-22-

:* 1-16 /;

Oil

12-26

50c

_______

6% pfd.
Canada, Ltd.—"

American

42-31

1-15

75c

.

(quar.)

Superheater Co. <quar. )___1_______1___„/

2-19

,12-31

10c

;;

-./National

Sun

12-31:

12-26

$1

.

dividend J_l___'___"__J_ "

Inc." (stock

■i8% /preferred

v

1-15
?

..

I Stetson {J. B.) Co.,

12-27

12-13

;v;

of

Sterling,

12-27,

2- 1
Narragansett-Electric 4%.% pfd.- (quar.)__^_ ..;. 5644c
a,..-. 20 %•:■
National Airlines (stock dividend).—
VJ-15

;

.

8

2

Co. (quar.)—;
Canada, common

Oil

Co.

15c

common__

(quar.)

American

1-10

!'■'/1-2

$2/

_______________

7% /preferred (quar.)___l____l-_lll_ll__, •:..t75c
Sterchi Bres, Stores, Inc.. 6% 1st pfd. (final)
"1245c

3-1

X:\25cv;

(quar.)

12-

/-

1- .2
1-

$1.50

,-,tY

12-31

12-21

,•/,(ni:

________

£$4, preferred: C (accum.)
Muter Company (year-end).
Mutual

25c

/ $1

,'«V
.

r,;

.25c-

(quar.)

Line; Inc;_ $4- pfd. A
preferred B <quar.)_:_l

Steel

1-1-46

■

(quar.)—11.11_2—

preferred

Stay ton

^

1-12

12-15 ;

/'>,'/-;:$2 V

(extra)

12-20

2

1-11

$1.50

(quar.)^/i_./;-/;

Mountain States Tel, &Tel.

,

10c'

__________________

—___

-/ Morse, Twist Drill & Machine

1-

1-31 /:

'

'

Plan 'Industrial

'Extra

;

,

.
'

G%

/

12-17

12-18

40c

12-13

145

93 %c

12-24

12-31

;

of America,

Co. of

American

1-15

12-20

r,

1245c

—„—;

3% % pfd. A (quar.)

(year-end)

Common

"ill!::

1

2-

50c'

•

,

1-15

'

$1.50

;

62 4^ c

*

lr 18

12-21

249

25c

75c
25c

Amalgamated Electric Corp,, Ltd.______
Amalagamated Leather, 6% conv. pfd.(accum.)
Amalgamated
Sugar
(quar.)

12-21

Paper Manufacturing Co.—

1-

$1.50

Monroe Auto Equipment—
v .///;/
'5% preferred (initial)
Morrel;l (John) A Co.- (quar.)
-IT'S Morris Plan Corp of AmerlcalC^-'—V—---,M Morris Plan.Co. of-Cglif. (quary) ______-I///
:

Power Co

12-21

2

1-

12-20

2

1-

2%C

(s-a)

(quar.)

Mfg.,

preferred

5%

12-15

2-1

25c

——___

12-31)

—.—

Corp

Co.

Alluminum

2

1-

7

1-1

15c

12-15

2-25

.1, tl5c

—_r_—_

111-15

'$1/
$1.25

"

&

Corp.

Allis-Chalmers

12-15

12-28

,

7

12-

$3

—i—,—

Stores

12-

12-15

12-22

15c

of Canada—_—______

Co.

Corp.—
Co

;

1-15

.

$1.25
J25c

(quar.)____

Products

,

"

Missouri

Oil

Sonoco

12-15

2

.12-20,

Allied
,

*

"

(quar.

;

1-

12-26

15c

'

t" $1.25 "

12-26

12-28

10c

common-.—____________

Association

12-28

Aluminum

preferred
(quar.)__;
Shawiugan Water & Power (increased)

Sinclair

I

Allied

15c ;■/1- 2
1- 2
55c

(

"

5V

12-22

—

_______________

5

1.-

12-19

_

2

1-2

_______

12-29

Products

1-

$1.50

$$2.50

(year-end)

12-29

40c

.

r

Shawmut

(year-endj _-V/__/__4

Terminal

Minnesota

12-20

$1

—

Milwaukee

12-10

2-

Co., Inc.— /'

Supply

&

4-

1-15

12-20

?20c

V

Co.

Piping:

Midwest

1

20c
25C

Shoe

Inc.
Inc

Fisher,

Algoma Steel Corp. 5% pref.
Allied
Laboratories, Inc.—

25c

,

;—

Louis)

Bottling (St.
(quar.)—
preferred--

12-31
12-31

Industries,
&

Year-end

Corp

Seven-Up

«

$1.50

12-21

Louis—

________—______

'

Securities

Selected

(quar.)/____>-/_-r_^/

Ltd.

Mills,

.Extra

Allen
A lies

50c

Qfiarterly
,

12-27

Corp.

,

15c

Surety Co. (special)
Securities Investment Co. of St.

Finance

1-17

12-21

60c

:—,

Seaboard
Seaboard

$1.75

Power, $7 preferred (quar.)
preferred (quar.)
—2___—___—
Allegheny & Western Ry. Co. <s-a)________
Allen
Electric & Equipment
(quar.) _______

12-21

of Reo,

Pavable

Share

$6

12-14

3 2-22
1-28

'

Alabama

12-12

15c
12-31
4®c
12-31
6242ct V, 12-31

,

(quar.)

1-11
1-11

25c

(quar.) _____/

(quar.)

preferred A

_____

T-r-f—T--

Name of Company

Holders

When

Per

Rec.

12-19

12-21
1- 2

si.25
50c
25c

common

1

1-31/

$1.06 44

_____________—

Mid-States'

5%

Corp.,

'

50c

York

of New

Commexcial

Seaboard

1-31

20c

(quar.)

common

1-

held_:.____./_/4.V4.;.l_///

Merchants Bank

Mercury.

Sugar Refining
Schwitzer-Cummins Co., common

1-15

$1.50

pfd. iquar.)__
(quar.)

<•'

Punaote

ir_j.—$25c

(quar.)
Ry., 5%

Atlanta

&

Savannah

12-31

2-

Co., Ltd.

Extra

<quar.)_—

share

each

,

12-14

2

$3
_

preferred

Stores

preferred

Extra

2

1-

50c

(s-a.i

iquar.)__,

McQuay-Norris Mfg. Co., com.
(quar.) ____
41/ %. prefeiTed (quar.) _________________
Mercantile Stores Co., Inc.—
•'/ Stock dividend, nine additional shares for

""

1-

$2.50

__

Share

Name of Company

nr.mert

wner.

per

,

of Reo.

Aircraft Corp.—

non-cum.

McLellan

Holder*

Payable

75c

T_

Co

Estate

Valley RR.

Massawippi
McCail

(initial)„

common

(accum.) _________—/_•__

preferred

311,3.

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4449

162

(B. F.) Sons,
Corp.—

$2.25

»

$4.50

12-24

12-

6

$4.50

12-24

12-

6"

6%

(Hartford)

preferred (quar.)—

convertible preferred

Avondale

Mills,

common

Axe-Houghton Fund, Inc.

(quar.)

(initial quar.)
_

(year-end)——

56 %c
7c

75c

■

2-

1

2-

1

12-29

1-15

1-15'

12-19

.

Extra

2?°

(quar.)—

5%» preferred

Asphalt Corp. (quar.)
Barber Ellis of Canada, Ltd.—

1-

—:

: '

Extra

-

preferred (initial quar.)

4%%

Bartgjs Bros. Co.,

common

Optical,

Lomb

&

Extra

2

12-10
12-14-*

Canadian
Glass

12*-3L

12-26

12-31

12-26,

1-1

12-26

$1.50

1-15.

12-20

Canadian

(quar.)—

B"

Class

,

preferred

T%-

Corp.

Bethlehem Steel Corp., 7%
Manufacturing

Binks

5%"

:

preferred

conv.

(quar.)

•

■

x

12-20

Elevator

Insurance Co.

1

Special

Ry.

Extra
Boston

Wharf Co.

Boston

Woven

(year-end)

Hose

&

Rubber,

(spec.),
(quar.)

com.

Botany Worsted Mills $1.25'pfd.

Bourjois, Inc.. 0%
Bralorne

pfd.

Brandon Corp.,

class A__

Brillo

British-American

3%%

Oil*

Celanese,

Pulp

&

Brown-Forman

Paper

Distillers,

$5-preferred

1-

—

Butte

Co.,

pfd.

preferred

common

series

Copper & Zinc

B

convertible
&

J

$4,25

Southern

Railway

(quar.);..,—

(s-a)

^

;;!

2

12-10

1-

2

1212-

1-2*

1

4

12-18*

1-

2

12-10

75c

1-2

12-15-

60c

Ltd., common
(quar.)

conv.

.v__-—

preference

1-15

1-

li

;

V ?

12-15i

If

12-21

t62(/2o-

1-

2

12-5

t$1.3iy4,

1-

2

1212-

Colonial

7

X

2

$50o

12-28

U5c
$$1.75

12-

1-25

t

5*

Works

Co.,

7%

& Co., common

Co.,

Ice

;

pfd.

(quar.)

Columbia

Co.

participating

$1

12-10\

1-15

12-20'

1-

12-15:

12-17

$$150

21-

12-

6':

1-10,

$27l/2C

1-

2

12-10-

$25c

1-

2

12-10

1-

2

12-10

12-10'

$5C.

6%

12-26
,

1- 2
l1- 2
12-28

8%

preferred

<quar.)_

Credit

Commonwealth

&

Co.,

.-

15c
tlOe

•

common

Southern

.

12-24

—:—

5Va% pfd. (quar.)
Commonwealth Water & Light Co,
.

12-10

(year-end)I

$20c

1-10

12-21

(quar.)_.__
(quar.)_

$53C

1-10

12-21'

Concord

J25c

12-31

12-14?

Conde

12-31-

———1—111

12,-14

12-31

12-14,

$$x

3-15

£250

,

12-31

preferred

$7 preferred
Gas

Nast

(quar,)_.
(quar.)
preferred

7%

Publications

—

(accum.)

______

(year-end)

Coniaurum

Mines/ Ltd

_________

1-

2

12-18

■

12-20/'

2

1-2 '

12-

1-15 '

12-14;-

$25c
$1.50
25c

12*17
12-

1'
1

12-

1'

1-15
1-15
12-28
12-28

:

3

12*

3

12-

7

1- 2

$1;50
$1.75
$-lt

1- 2
1- 2
2-15

12-17V

12*20.;.

12-24-

12*24**

-

?' 1-

/:

Paper

B<

^ Class

2-15-46

2*

5;

50c

5-15*46

5-

6

•

50c

8-15-46

8-

6

.

10c

1-

1-

2

11^-30

:/?■/ 20c

1-

2

11*30 :/

1-19

5c*

1-

$1.50

/X?

25c

I?

v

.

preferred* (quar;)_—_
Co. (Toronto) (s-a)

Dun

1-

X' U

preferred

(quar.)—

Corp.
-.---k-;--*—— ?
Dunlop Tire & Rubber Goods Co., Ltd.— J
5%- 1st preference
(s-a)
—

Duplan

256

1- 2

H"12:

12-31
12-2L

12*24

duPont
$4.50

11-

8

(E. I;) de-Nemours & Co.—
preferred (quar.)
Sulphur (year-end)

Fuel Associates—
6% preferred
(accum.)_^
4%'% preferred (quar.)
Eastern Massachusetts Street Ry-.—
6%- 1st" preferred' (accum.)——
Eastern Steamship Lines, Inc.—*
$2
convertible preferred * (quar.)

Eastern

Gas

12*2812-28

12-31

2-1-46-

1-

3,

1-31

1-

3

3-1'

1-15:

3-1

1*15

1-31

■X

1-

Z.

1-15

•>,

5?
X.X

12-14
.

-

I
1

2

1-2
..

12*

I

12-22?

1-2
1-

2"

1-

2

-

'

IX

X
•,

-

12*15*

12-31.

12*15? '*
12*15?

$62%©-

2

1

1-18?

12-31

X ..:30c

1-

2-

•

$1.12% ?

I
I

I
1
1

1

'

:

I
I

If 2:.?, •'
1*

1*15

$1.75.
50c

12-

2

1*15

75c

12*15?

;|
1

■

I

1-25

50c

1-1Of

12-31

$1.12%
;

12-10,

1-15

,

Texas

12-31

12-31*

2

1-15/

75c

v

12-3IX

2'

1

•

(quar.)_„____^

12*15

1-2-

$$1.25

preferred

1-11

12-10*'

1-15
1-

•

3/

12-10

2

12-31'

135c

$25c

Co. 7%' %preferred-: lquar.)_—
& Bradstreet, Inc.; com. (extra)/—,

12*

1-2

$25c

(quar.)__^—x—'

12*17

v

2-1

?•',

$44e

i;

2*: 8 '-

-

3

12-24

J$l'

Power

./?'• 4%~%

.

1-31'-

1-

5..

2k 8

3-1-46
•"

X/"' $$3

Co.,-Ltd. Class A---——

1-

12*14r

2

3-1-46

75C.

Xx 75c

'

i

6%

11-30

2

$l;06,/4

Textile Co. Ltd. com. (quar.)—;
$$ 1.75 V ••
7% preferred (quar.)
——
r
75c
i Dow-Chemical Co;, common , (quar.)X
$1
?
$4 preferred (quar.)— ________
.
$1.75 ,
Dow Drug Co., 7% preferred (quar.)—_\
Corp.,

,11-30*

1-: 2'

40c

Dominion

Corp.

12-20 (

5

50c

*

Donnacona

12*20X

i- 5

15C

pfd. (s-a)

:

,

12*20
„

12-26.

$2

(quar.)
pfd. (s-a)

*

12-15

2

12-26

25c

■

Ltd.—

12-14,

12-10 X

1-

tlOC

Duval

12-11

12-20"

12-31'

-

12-1112-11

12-20

4P

l-?2,:.

$1.50

(year-end)

,

12-15

; 12-31'?

X7 $i<
T;X $1

<

1-2

12-26

42-16v

7 1- 4",

Dominion-Foundries & Steel, Ltd (quar.)— ?
,*4$1.25
Dominion Glass Co.. common (quar.)
_ ;
J. $$1:75
X 7%
preferred (quar.)-—*——-——
$20c
Dominion Malting-Co., common- (quar.)—_
$30c
Dominion Oilcloth & Linoleum (quar.) _—

Dravo

12-29

-

8

12-17.;

1-'2X

$5

>

Duke

12-

12-

12-29,

37 %C; x/y 1
37 %C

(quar.)——~

5%; non-cumulative

Draper

12*29*

12-15-'
12-15 X

12-29 /

.30©

...

12-"14>;

2

lr 2

/-30c

t

12-

12.-20/

2

12T31.

/"7 $1,. 7

Chemical, $4.25 pfd.

Dominion Dairies,

12-4

12-20*1

1-2
1l-

•x.

$$2.50

partifcipating preferred - (s-a)

7

1-22

.51.75

—_______—

& Almy

•

5 X

12-24

________—

—

B>common

Year-end.

-

1-

30c

;

—

\

6-18

.1-21
1-

•

3-18

.

'7- 1

75C

Dominion Fire.Insurance

12-21;

$1.50«

$4©

/•'.

$1.25

V,

Doehler-JarVis Corp.

12*14:

$1.37%-

$$1.50,

Quarterly

1

;

12-10

Confederation Life Assn. (Toronto)—

$4334c

$6

..-'Class

X

12-10

Corp.—

(aceum.);

$6 preferred

Commonwealth Water Co.,

4-

(year-end)
:-'l
Disher Steel Construction Co.. Ltd.—
t $ 1.50
$1.50 conv. class A pref. (interim)—— >'
:-,/?..■ 75c
Disston (Henry) <fc Sons (year-end
Xf$l?25
Distillers Corp.-Seagrams, 5% pfd. (quar.)__
■'+ 62 %C
Dixie Cup, Co., class A (quar.)
?
——
XX 25C

12-18

2- 1

(quar.)—50c
3.60% preferred (initial quar.)x.—_
■
90c*

Commercial

3 X •12-18

5%

6%.

12-20

2- 1

$1.62

Commercial Alcohols, Ltd., common

3

.5%.

f

12-11

12-27
1- 2:
"

.12-20 '

2

,

:

5-V

1-

Diamond T Motor-Car Co.

12-10?

12-20

•

12-

:

1-

$1.75

com.

Di

12*14?

1- 2,
1- 2

$1.50

6% % preferred (final)

'

RR. Co.—

Giorgio Fruit Corp., $3 partic.
Diamond Match Co., 6% particip.

20c
$1.25^

.

12-18

1-15

—

Dewey

1- 2

,

(final)___

preferred

12-31

—--—?-?/■—

-X; Year-end.

;.

Columbus & Southern Ohio Electric Co.—

Corp.

*

12-20\

(quar.25c<:
$1;25>
(stock dividend)__
50%

$$2

2

Pictures

12-17.

$3 /

_____—

5-15

12-31

preferred

Columbia

12-17

.lOc^

8*15?

1-2-46

$1/

common_____x,__:

Participating

12-20

.

12-20

$1.50,
$1.75;

.

12-17

12-31

preferred' (quar.)
preferred (,quar.)
_____
1—
5% preferred (quar.)——------———
Devoe, & Raynolds new, class A (quar.)__l—

-3-6

12-20

/

12*13:;

12-31

25c

Corp,_-_-___------_

Stove Co;,

5 x

12-17

;

; $1.75

___________—

Co. of N. Y.—
preferred (quar*)_
Djetroit Hillsdale & South Western

1

12-20

,

Corp.____

Baking

-

l-< 2

;__.i

2*

1-

Hook',& Eye (quar.)^/-/—

Detroit-Michigan

6

'

12*12**

2

12-31

$4.

.7%

2-15' fXvv"?

:

87Vic*

12-17

1-

*25C

(quar.)_—_______
pfd. (quar )__
of Canada—

;Extra ; /__

.

common

Utilities

12-

1.-2

50c$1.75

12-30.

Dentists Supply
x

12-19

1- 8
12-26
1- 1
1-15
12-24
1- 2

(year-end)i~

12-14*-'

$1.75

(s-a)

RR.

Delaware

-

12-14. X

;

12-24 k

$1.75

Inc.__-_/—

Semi-Ahnual

25c

(quar.)___

Co.,

Dejay /Stores,<

,

25c
50c
$1.12%
$1.75

com.__

12*22

2

12-24

$2

(Louis) & Co.'—
; 5%
2nd preferred .(resumed)
Delaware .Power & Light, 4%
pfd. (quar.)

12-14

1>- 2

$3.50*
■ -

7'.l- 2
i-

8

8 '
12*22//
12*

'

12-31

De-jonge

12-17*

12-31>

,

12*

'

.

$1.75/
;;
30©
$1.37%

12-14;-

,

25C

(quar.)—
(quar.)____

Deisel*Wemmer-Gilbert

,

'

12-17-

1- 2*

■:*'

$6-preferred B (quar.)
$7; preferred
(quar.);_______
Colonial

1-

.

Co.r—

Colgate-Palmolive-Peet Co.—
$3,50
preferred; (quar.)___^

5*

12-27

;

12-14 X

2.

30c
/

(quar.)—

preferred
preferred
preferred

De Long

12-11

$1,25. 4/3-1
$1,25-' ; 6- 1
$1.25. ;
9- 2

Company_^_

preferred

7%:

12A10

1-2

21

1-

40C

40C

*____.—

;

.

&

Water

(quar.)

12*2 u: :

:.,12-3L'

7.1- 2

Decca? Records,

12-15

;.l- 2

$1.25

—

2




V.y 5

:•/• 1-15-/'

X/'X. 25c

end.,

5% preferred (s-a)/
Inc.•• (quar.

V

12*12

'

(Washington, Pa.)—

1-

Funding rights (year end) —

.

<12-28
:•

2t15

Dayton & Michigan RR., 8%
Debentures &r Securities Corp.

12*2IV

••

/
85c
1- 2
;•/>.;50.C.1.-. 1,

$ioc

& Foundry, com.
participating preference

(quar.)

12-31

1.-1-46
1-2

$1

(quar.)

Cluett Peabody

1-2

$1.25

Corp.

2

—_I I,

12*16

12*14,

30c

Davidson Chemical Corp.

•

Texas. Pacific

(quar.)—
(quar.)_____________
(quan)___.—

1-

Canadian Celanese, Ltd., com.
Extra

preferred

12r30

25c. 4-15-461- 2

pfd.______•

tisc

Canadian Car

$1.75

„

(quar.)^—

Participating
$2.10

(quar.)_

—„

x

12*30

$1.75,

:

;

L.)

(D;

Clinton

$1.32

&

7%

•

.'

(quar.)

5%

12-15*

12-19

2-

Canners,

*-

1- 2

15c

—

pfd.

12-18>/

2

———$$1.25

1st; preference

12*15/

-

12.-14

,4o

«

1-? 2*

(quar.)r $1>12%^
,
45c

preferred? (quar.)i.____—__:

7%

1-

1-10

Participating

12*7

12-.3?:.

2i

43%c

'

—_.

Lambert Mfg—
Cleveland Electric Illuminating
$4.50 preferred (quar.)

1-10

5%

:

12-20

-

1

$1.-r/1-15

Y_), (quar.)

City; Ice & Fuel Co. (quar.)_________
City Investing 5%% preferred (quar.)
City of Paris Dry Goods Co.—
7% 2nd preferred (s-a)
Clark*

11-30

Canadian

1

•

______________

Orleans

Citizens Water Co.

Clayton

1

7%

(initial)

New

Financial

T

12-19,

2-

(quar.)

I

12-14

2-

preferred

12-20/7

:

••

*

2::?

1-1-

40c

V

(quar.——
a
12*20 'i* v Cunningham Drug Stores, common—..—
6%
class A prior preference ,(s-a)_
—
i i"'
Curtis Publishing Co. $4 prior pfd. (quar.)__
Davega Stores Corp. (initial)
>—
12-17/ Davenport Hosiery Mills, Inc. (year-end)__,
12- 3
X
7%
preferred (quar.)
———:—
David & Frere, Ltd., Class A (quar.
12*15
Davidson-Boutell Co. 6% conv. pfd/ (quar.)
41--5

1- 2*

$1.12%f,
$1.50

(extra)w

(N.

Cincinnati & Suburban BclJ Telephone

12-15-

1-

5%

5%

1

1-

t50c

-

America

Electric,

&

Quarterly*

$37(4c

(quar,)—^.w

end);

preferred, (quar.)>

—

preferred
preferred
preferred

5%

C

12-28

Canadian, Bronze Co.,; common
—

12-20

&

preferred

4%

12-20

l-

■

2

Canada Steamships Lines, 5% pfd. (s-a)—
$$125
Canadian Breweries, Ltd.,
com.—$25c
Extra,

$1.03:'...

--

•

12* *3

62%c -'„ 12-31;
..

r:/;/A 7%
17%

12-10

'-/j

/

■

:

:

12-10:

,

(quar.)

of

Co.

Gas

Cincinnati
5%

h>

-

$1.06 y4

Canada• Permanent- Mortgage

12-10

12-30»

(year

4y2%

Corp.

Securities,

Cincinnati

12.-10 >

75c

(quar.)—__I

Canada

12-10'i

50c

(quar.)—

five

each

(quar.)

Quarterly
Christiana

12-14: v

-

Canada Machinery Corp., Ltd. (s-a)i———_
Canada Northern-Power, com.

4

-X 12-28

;//X 25c

(quar.)

A

preferred

,8%.

12-18

3iy4c

(quar.

2
2

1-

."12-26:

406

Crystal Tissue Co., common (extra)
.'8% preferred (s-a)_.
Cuban American Sugar Co., com. (year-end)

12*144

1-2

(quar.)_

1-

Shares .Corp,.

Insurance

.Forster

Common. B

12-10-

(accum.)____
,v 62%© " 12-28
Lumber Co. v-_
—
fc; 30o
-'12-21?/
Chicago Pneumatic*Tool Co., com. (quar.)__
/, 50q.*
1- 3 ;
$2.50 prior preferred (quar.)
y 62%c
1- 3
$3 preferred
(quar.
75c
•
1-3
Chicago Times, Inc. (s-a—
''///.25c'»•; 12-27'Chicago Title & Trust Co. (increased)
f,:
$3
1- 2?Chickasha Cotton Oil
(quar.)____
25c 1+-15-46.

.

Cycle & Motor, 5% pfd. (quar.)__t$1.25
Dry Ginger Ale, Inc.—

7preferred

12-20,

12-31:

25c

prior preferred

for

.

Year

MU1

1-2

(year-end)

12-15*;

I.

^1.50

/1:: Year end? ___/—I

12-20
12-20?'

preferred

1-2/

Burlington County Ry.\Cs-£f)

preferred

2 i

12-31

35c

—

Canada

12-20/

12-31

$1.50

_

/
-

50C

Drug Co/ 7%
conv. pfd.. (quar.)__
Zellerbach Corp. (quar.)____*.__

12-20

*—$3: '• 2- lifv 12-31!'
12-10
2%c
12-31
12- 7*
Chesapeake & Ohio Ry. Co
•
?75c '
1- 2 .'
12-12
Chicago Burlington & Quincy RR. (year-end) •
$3.50.
12-24
12k 3V
Chicago Corporation/com. (initial)
25o
1-2£
12-174
Chicago Flexible Shaft Co. (quar.)i__
; ? 350
12-27

3iy4c

i

Camps Manufacturing Co. 5% pfd. (quar.)__
Canada Bread Co., 5%- class B (quar.)__i__
4(4% preference- (initial quar.)
Canada

2

5qc

California Water Service
Camden

2-144

1-

^ 5C

California^ Electric Power Co.—

5(4%

12-15

$isc

(year-end)

(quar.)_„

12-21?:

I-

J15c>

(quar.)—

,

12-22

1- 2

$5.60-;

>

-

6

1l-30a

2

-

——

12-31

2- 28-46.

$1.25

(quar,)—___!

12-14*??

,,

1-2".' J2-14.

-

1-2-46
•

■

1- 4f ?

12-24
125c
.250 1.12-24

,

(quar.)____.—■

Common

1-'2

,

**

&

*>

J

:

West-Utility, Co;

Chicago

12-14

1-

87V2c

(quar.)

/

(one'share

preferred

Chamberlain

5%

12-20,'

1-15

25c

Terminal

5%

!/'■

12-

20c
$1.25

..

Ltd.

2

12-28 V

$1,75

Bldgs. 7% pfd. (accum.)__
Bush Terminal Co., 6% preferred
(quar.)

*

'

1-23

1-15?

$1

-<

Burlington Steel Co., Ltd.

H.).

2

12-24

—$1.25

/

Inc.—

Cheney Bros, (year end)_:
Cherry Rivet Co. (quar.)__—1

.

12* 5

12-24

15c

'

12-17.:
12-14*

1-2

*

*

.12-15

1-19

?

Crown

Crown

-

-

t\

Crum

Chicago Great Western Ry. Co.—

$40c

H

10c

Champion Paper & Fibre, $4.50 pfd;

12-15..

6

(quar.)

Chemical Bank & Trust: Co.

12-15/

47c
$1.27

(quart)(

Products,

(P;

:

12-14

2

3-

•„

w.
$1.75 , >1- l/v
y/. $1.50* . 1- 1'
$1.50 /
1- 1
*
62%ct
1-1'/
15c / 12-31
/7/v$3o
1- 2'

(year-end)

held)

6.%., prior; preferred

12-1.4

1-

.

-

-r

Telephone.Co., $2.50 pfd.. (quar.)

Central

:

12-144

lrl5/.

12-17

12-15

32y2c /'j/1- 2
/ - l- 2$1.12%;..
1- 2

(quar.)__

pfd.

Inc.—./—___—;

Edison

dividend

4.15%

12-20,!;

•

1- 2

Central Vermont Public Service Corp.—

!12-20

12-29

:r;:

$1.02%

•:

4'/2%

Gold Mines

Soya-Co.,

Stock

v

Central

3-30'

12-31

-

Co.—

Co.,

States

12-21

1-15

-

•

(quar.)^—________

Paper

Crown

*

.

(quar.)____

shares

12-21

1-2

$$1.50"

preferred

rT"
Co.

1- 2

,

Co.—

preferred

Central

v

2

C

50c

Capital Corp.; class A.,
Cork-International, cl. A* (accum.)—?

Crown.

7

Light,

Central

12-22"/

1- 2

...

12-17?; •,

*.

v,

■•ExWtl

12-15

-m

$1

Publishing

Crowell-Collier

12- 3"

.

12-14h

1-15

$25c

(quar.)

2

12-31

i

(quar;)

preferred

v6%.

12-31'
1- 2"
1- 2

37y2c

,__

(quar.)

Power

Central Patricia

12-12

"8.%

:

1-

XX

common

Crompton < & Knowles Loom Works—

12-15

Y„.)—

(N.

preferred

Central

ii-15

1-

Co.
7%
preferrd (quar.)-—$1:75
Buffalo, Niagara &, Eastern Power Co.—

conv.

2

$25c

common......

3/4 c

30c

of: Wheat ;Corp. -.'u-

Cream

'

1-11'?

•

25c

•

________—

Trust

&

preferred (quar.)__—
5%. preferred
(quar.)

11,

1-

A.

12-17:'"./

X

.

-1-11 '
•

1- 2-

59%o- f

/
__/

$6

Certain-teed

Bucyrus-Erie

5%.

12-

».

6%,

..

(quar.)—...

common

Illinois

'

8

(quar.)

Brunswick-Balke-Collender Co.—

Butler.

1-

9334c

preferred, (quar.)
preferred (quan).—;

Bush

12-28

Bank

(quar.)
preferred, A

Maine

'

12-17
12-17

1-15

?

2

$112%! XX1X.2XX

(quar-.)

(quar.)—

Crane* Company

'

>t

'

(quar.)_

com.

7%,

12-11,

12-24
12-24

(interim$2c

$5. prior pfd.
(quar;)i
Bruce* (E. L.) Co., common

^,Xtr?

12-11

2 '

Co.—

—

Central

12-10

2

-1-2

(quar.)—..

5%~ preferred (quar.)E.____
Brownr Fence* & Wire^ Co. Class

Bullard

2

Gas

(quar.)____

Hanover

Central

1'11-

preferred

4.10-%

12-

(quar.)

___

Brown Durrell Co.,

T,

11-30

50c

pfd.

43

12-17

2-1.
2-1*

.■

$$2-

(quar.)'

Co.

12-17
12-17

Common

12-18

Ltd.—

Broulan Porcupine Mines

Building

2 ,*

2

1-

12-31

Columbia

$1.60

1-

1-16

12-31

&

Central Illinois Electric & Gas

25c

Ltd.

Co.,

Co.

1-

x

12-31/;
; 1- 2'

.

12y2o
25c

,

(initial quar.)_;

Quarterly

8*

Inc.,. commpn

Co.,

50ci?/ $1.183/4r
_; v

_.

Loan & Savings

Fibre-Products,

Central

12-17

$32%c

Year-end

7%

2

15c
$1.37%
35c

.

Power, class A"(quar.),
Broad; Street- Investing- Corp.___c._._..

7%

6%

12-20:;
12-14*

1-

12Vic

American, deposit-receipts (final)
British Columbia Electric Power & Gas Co.,
Ltd.
6%
preferred
(quar.)

Brompton

2
2

12-

partic. preferred A. (quar.)

Bristol-Myers* Corp.

British

1-

12-31

:

1111-

50ej
$1

—1

(quar.)

Electric

Preferred A

1-

$1<

preferred-(quar.)
Gas
Light • (quar.).....

Manufacturing

British

Central

12-21
12-14

$1.50; 3^30-46

XX? xX

Co.

12-14/
12-14;

:,X.Xt$2- !/Vl- 2

(quar.)•

$4.50 preferred

Continental' Baking

'

75o»

(quar.)_

com.

preferred

Central

,if $1.50

convv

$2 cum.

.

12-26

$20c
37%o.

$1.30 1st preferred (quar.).—
Bridgeport-Brass Co., -common..

Bridgeport-

'

12-24

2

—

Co;

Gas

Consumers

•

i

....

'

•

/ $$1.50

...

Brantford- Cordage. Co., Ltd.—
Common(new),
(quar.).,.

5%%

5%

Central Canada

1-

—_

___i.

;

Class A

,

12-22

2

——

1

(s-a)^.^__*
(quar.):.

Corp.

Corp.

.

<

1-

...

Extra-;.

Celotex

12-22

i 3114c

(auar.)___

(quar.)....
(quar.)

Continental-Assurance

' v'-

-

of America, common...
$4.75 1st-preferred (quar.)
:;
7-%- 2nd preferred (quar.)
'

12-15

37'%c

Ltd.

Mines,

Brach-(E. J.).& Sons
Extra

;;

Consumers Power Co;

common

1st preferred

Celanese

12-17 r

2'

1^

$1.25
$4.
$5
16c
3c'
$1.50
$1.50

—

_

12-13"'
12-23

12*14:

v

25c

X

:<•

(Toronto)* (quar;)z___^

12-10

:

-

com.

(quar.)_i—

1- 2

20c

*

,

(quar.)..'

Trust

Property

1-2

$1.75
75c'
$1.12,/2
20c
40c
$2.25

————_

preferred

2

.

12-17

2

1-

$1.50
30c

-—

Personal

Boston

(quar.)

Consolidated Steel'Corp.,

;

TV

1-

1-2

,

'

12-31

(quar.)!—______

Co.

I"

.

12-15.:

1-

■:

68 %c

.

12*14:

1-2-46"

20c

.

12-31

;

,x 1-15

x/J20C

__4
(year-end)_y.

v: 12*14);

.

37%c

(quar,)——
&. Brass Corp.- (quar.)
Bond Stores, Inc., 4%% conv. pfd. (quar.).
Borg (Geo. W.) Corp. (initial)
Borg-Warner Corp. (quar.)..
Boston & Albany RR. Co.—
Boston

4

75c

Aluminum

Boston.

r

12-15

$1.50"
$1-50

preferred

7%

12-15

12-28

X/-? X;

preferred (quar.)
Corp. (year-end)Blumenthal (Sidney) & Co.—.
1

12-31

8

12-15

-X

Ridge

Bohn

12-

12-31

6%

Blue

12-20

40c
$1(75"

Bloch Brothers Tobacco Co.—

12-

•

12-15

v/vX;.;
J75C

;

"

12-7

(year-end)—

Inc. common

1- 2

12-15

12-2G-'

'

.

12-22

1-2

Son, Inc.

Bliss & Laughlin,

1-15.

(/

12-15

12-20;:

X-1-15

Consolidated Retail Stores, -comr (quar.

(quar.)

2

J50C

^Consolidated Press, class A (irregular)^-—

preferred

2

?•? Ik 2

x;X $1*

!

$2.75

i2-i"5-:

,

•

of

Co.

_________

11-20

1

2

? 1-

.

1-

*

i-14,-

1-24

Ltd. '-(s-a)

Canada,

:i-28X

..-!; 2- _1'
X:/'

$1.19

'

llk20

5

5.:

12-15:

.

11-30

2

If

Smelting

Consolidated ? Mining ' &

90c

$1.12%

(Boston,*Mass.)-

Investment Tr.

12f
12*

1-

X

;

*

12-31-

(year-end)—
Birmingham Electric Co. $7 pfd. (quar;)t.
$6 preferred, (quar.) —
——_
Blackhawk-Perry Corp., (s-a)_———
Bird &

1

11-30/

l-,2

$1'

(year-end)__

Co.

5

75c

1938)+ (quar.),—.
preferred (quar.)

(series

prior pref.

$2.50

7

12-

50c
30c
62%c.
$1.75

Industrial' Loan,, common.—;

Beneficial

12-

2

$$2 *

1

-

(quar.)
(reduced).—

of Canada

Aviation

Bendix

12-15

2$;

1-

.

Bell Aircraft Corp.

Telephone

4%

12-15.-?

1- 2*

$$1.
$$1;75

Ltd., common . (quar.)—
(quar.)
—

Belding Corticelli,.

Bell

Carnation* Co.-,

12-10

1-

12-3^

Consolidated

2
2

-12-28

12.-14-*
2J
$5.50 preferred ___________—- $1.37%;
20C
12-104. x-Continental Bank is Trdst Co.- (N. Y?-(quar.)- -X.
2.
93-?4c
12-10
Cbntinental Can Co,/ $3.75 pfd.- (quar.)u—i
1*
12.-19
Carolina Power & Light $5 pfd; (quar.)
Continental Foundry ii Machine—
f/*: $1.25
2 v
X'/ 25c
4.' Common
Carreras, Ltd.—*
ii'llli'i'i
(quar.)
$1.75
Class A1, ordinary registered
(final)///_/_
22%% / '1-5/ 12-13" t;
'7%""prior 'preferred (quar.-)
X
20c
12^13^
Continental Motors • Corp.__^„____________—;
Class
B
ordinary registered
(finalK-_:// 22%%'/ >;1- 5v
X' ' 40c
12-17" '•'-• continental Oil Co/____—
Carriers & General Corp;
(quar)'_'_________;5c *12-31'
$162%
12-17"-.
Extra
Continental Tjtlephone-6 V'2% pfd, (quar.)i.->
;
_•—a
10c' • 12-31 v
$1.75
12-14,
':•'/,* '7%; participating- preferred' (quar.)^-_-^-_"
Carthage Mills, Inc., 6% pfd. A (quar;)__
/
$1.50* /. 1- 2
25c
6% preferred A* (quar.)_^_;
Cooper-Bessemer Corp., common (-qua-rr)^^
$1.50;
i 1- 2v ; 12-14*.
75c
12-14 V
>
'$3 prior preferred, (quar.)
6%; preferred B* (quar.)_;
^______
60c
1-2"
12-12.
Ji Cornell-Dubilier Electric Corp.—
4:/
Case (J. I.)
Co., common (year-end) ___:
80c
1-2
12-12,
$131%"$5;25 preferred *A>- (quar.-)rt.-Aiii.i^-,I__J_J.
7% preferred (quar.)'
$1.75.
1- 2
12 %C
12- 34
Corning Glass Works, common.,.--.-*----*
Cassidy's Ltd; 7%
preferred-, (accum.);> $$1;75
1- 2,
87 %c
<3%% preferred (quar.),—_
Cayuga &. Susquehanna RR; Co
80c
1- 2.y: 12-21.

12-10

l-*2

$1.25

(quar;)

&- Power

Consolidated

$37V£c-- .'Z 1- 2
25o- .' 1- 2
-

Light

(quar.)

common

'4'%%

12-19

•'$1.75

*

1X,

50c !

(quar.-

(N.„ Y.)v $5 pfd.

.

1*

$1

f20c

(quar.)____

preferred C (quar.) —-',
!______
preferred' B (quar.)_______
:__
Grocers 5%
pfd: (initial),

.4.%.

1

•

Corp.

Gas "Electric

(Baltimore),

*'

•>

/

Capital Administration Co., Ltd.—$3 preferred A (quar.)

■

50c
:V-'
$1

*

end)*

(year

12*20).

25c

(accum.)

.

Cigaf

12-20

12-19<

12-

12-20;:

1--2

(year-end)—,_L

Power

Edison

/

-

1.

^

Consolidated

12-31

1- 2,./;

*

U 2

Insurance_/:__;__

"

'

Co.___x.___

.

—

;

Co.

12-15 '

2

•://

$37%0-

(stock

Ltd.

Light '&

Consolidated

'

■

25c

(quar)

Consolidated

•

12-15

$30c :v 1-2
$20c,
l1- 2

*

t

12*14-.

2

1-

!

12-14-

1- 21-15 / •
1-21- 2
1- 2 4
2- lr••

2? -:

12*28

75c

General' Life

Connecticut

Boxes,, Ltd.

Shoe

—

—

(quar,).
:
Beech-Nut'Packing Co. (quar;)u_—.—:

held

share

;

/-

-s.

Co.,

Mills

12-10-

1^2'

;

one-fortieth share of common*

Wirebound

1-15

Corp.—

(quar.)

Cannon

2

1-

Products
A

Cannon

2

*

j..

i,

Westinghouse

class A

$1.50

pref._

:

12-15

35c

Co.

Creek RR.

Beech

12-19

2

1-

65c

Silk

Class

for each

It-

$1.06%
(quar.);——$50c
$25c<
,—

.

Railway 4%

(s-a)_+—

Canadian

$1

(quar.)..

com.

B

dividend)

12-15

1-

.

(s-a)__

Canadian

12-15'

11- 2>

A

Class

12-20/,

12-31

$1.
25c

(quar.)__^_

(quar.)

Shipbuilding & Engineering—-i

12-26

11-30

U' 1-15.

of Reo,

:i r

12-28to

Co.—

Securities

Coke

&

Holder•>

'

2

1-

..

50c

preferred

$3

12-14-

$$2'
$15c*
$$4- '
$$2>
$$1.25 , ;
2%

(quar.)

Pacific

2

v,

....

Ltd.

8%. preferred

Co.,

1- 2-

$50c-

•••"

Indemnity' (s-a)^
Oil

Gas

Consolidated Bakeries of Canada

Electric-(quar.)

Canadian

•

11-30

$25c-

Investments-,

$5

•

$12.50
Connecticut'

.

/:•/'

Corp.—

:—-

preferred

12-17

1-15;

1-2'

3

Connecticut

12-29

i-i5>;

1- 2'

$12%c

quar.)_^»_

General

12-31-

<

$$2>

12-20*

(quar.)

Canadian

5%

12-

(quar.)

/:

Payable

Share\

',>■

■

Co.

12-3*

1- 2

insurance*

Connecticut 'Pire

Ltd.—

Investment

General

Canadian

2.

2

————————-—-—

preferred (quar.)—
Beatty Bros.,.Ltd., Class A
$4.25

Canadian

$ 1.37mb.

common—..

Co.,

Creamery

Beatrice

12-19**

1r

(quar.)——-—---.

4%, preferred

,

3

1- 2

$30o-

—•

Extra

1-

Bath Iron Works Corp.—
Bausch

Canadian

40c

—

(quar.)———

preferred

$5.50

—

12-21-

If

5c
3'Vic

——

12-10

2

1-

25cr

_

Common

12-10(

2-

1- 2

$75c

(initial
Foreign

2

3/n

$30o'

(s-a)—

Products,
:

A

Canadian

1-

56%©

w:*.—--■*X

(quar.)___
Co., com. (quar.)

6%
preferred
Bastian-Blesslng
i

(quar.)

Corp.

Bros.

Barker
•

10©
25c

♦

Class

,

1

I-

1

(year-end)-.—

Co.

12- 6
12-

1-

preferred(s-a)I———$$1.75(W. H.) Co. (extra)^_—50©
Manufacturing

Food

Nume of Companv

of Rea.
12-

'When

Per

H older t

When
Payable

$15c

Insurance

Fire

1*

$3.50
10o
35©
25c

Barber

Barcalo

2

1-21

MvoO'..

r

2

1-

o?

,

Per
Share

,

(quar.)—T

Common

12- 6

*

:

preferred

Canadian

12-22'

12^31?

$1.26
15c

.

Co.,

Barber

j '•

Extra

6%

:

(quan);

Cottons, Ltd., common

Canadian

com( (quar.) :-*>;•
7%
prfrred
(quar.)-———-,—--—.-.-—6%. preferred (quar.) *_
— '■
Bank of New-York
(N; ;Y.)
(quar.)'
Bankers Bond & Mtge. Guaranty of Amer._
Bankers Trusts Co? (N. Y.)* (quar.)
-i*X

Hydro-Electric

Bangor

7%

12-22-

—-«-**-t-—

Bangor & Aroostook RR., 5% preferred—
This payment clears all arrears —_r—

1

12-22

12-31

'

V

Name ot-Comvanu

Canadian

12-19-

12-29
1- 2'

40©
12%°

Axe*Houghton Fund B* In©; (year-end)—:—
Backstay Welt COi——
BancOhio
Corp.
(quar.)__—_—--

',-J' /

'

of Reo.

Pajtable

Share*-

;

Holder•

When

Per

Name of Company

;■

M'onday; December 24; 1945!

THE: COMMERCIAL & FINANCIAL CHRONICLE

3114*

12*15?

I

I

*

—

&

75c

1*

2

12*15

1-

2

12*15'.

1-

*

2

12-

.

x

$1.12%
$3.50

1'

I
•

,

50c

•

1-.2

12-21

I
1

"4

.

x

I

Volume 162

Number 4449

iTHE COMMERCIAL & FINANCIAL CHRONICLE
When

per

Name of Company

Eastern
.5%*

Steel

cony.vpreferred

Eastman Kodak Co;,
preferred

"•^sy

Washing

"

,

..; I25c

(qua?.)----—

com.

_*

—

1-

2

12-15

—"

ordinary_^j,^^.«.^^«^

■

12-27

12-13'
12-13

12-24

12-

20c

r

60c

EHZabethtOwn
Elmira

Water

11-

12-31

-

,

$5.50
$8

preferred

preferred

(quar.)

Inc.,

40c

.1-

•'

*•

S2.50

$1.50

12V2C"

Co.

(Ontario)

1-

2
2

12-10

w1' 2

12-31

;■■■ 1-

2

12-31

12-29

12-17

'V $1.60

(s-a)

5<0
20c

(year-end)

com.

$1.25

1-

1

20c

1-

2

12-

37 %c

;

„

1-

2

*12-

.

:

pre/erred A

Traders Life

Y.)

.quar.)

Co

Extra

(quar.)

.1.

•-

Manufacturing Co.,
Bake Shops, Inc.,

//-

Federation

&

Bank

&

Trust

(see

Fifth

Marshall

Avenue

Bank

.'4%%
First

of

First

National

First

State Pawners

Florshcim

Class
Food

Shoe

KJeiser,

prior

preferred

class* A

62 %c

50c

...

50c

Foundation

Extra

of

Fidck

Co.

Fruit, of

Fulton

i;-/

■

/

'

(quar.).—

.

.

;

i;.'

1-18

12-31
12-14

1-

12-14

3

General

Industries
Instrument

1-

2

Gpneral Mills,
General
General

,$1

new

5-

25c

"

1

'

25c

4-13

•

12-20

.

12-24

,'12-177
12-15 ;-

1-

2

1-21

1-

2-"l

•

12-31

/

;i1-

1

6%

preferred

12-

5 V'2 %

1"

12-

1*-

12-

Is'

■

40c

;—:

—

Co.

com.

Helme* (George W.)

7%- ^preferred'
Hercules Motors

;

Corp.

,

(quar.)

2-

1- 2

-

1-2
/

12-28

12-22j

12-24

Katz

11-27

2-

1

1-

2

12-15

15c

1-2

-

1

12-14

"

Class

1-16

*1-2

-12-15

1-25

(quar.)

pfd.

12-14

,'s 37 %C'.
$1.75

1-

2

12-28

:

1-2

12-15

1-

2

12-10*

$1.25

2-

1

1-

7:

(s-a)

25e

1>

1

1-

1

Co.

&

—

80C

preferred^(^-a)

12-if
12-l\

1-

2

12-24
12-24

SI

$1.50
40c

12-14

8

12-17

12-26

25c-

3

King

12-17

1-

2

12-10

1-

2

12-10

12-27

12-

5

v

2

12-15

1-

50c

$1
$25c

■

»

.

1-2

12-15*

1-

3

12-

5

12-31

12-

5

.1-

2'

12- 3

3%%

Fibre

(quar.)Corp.

preferred

(quar.)

12-

.1-1

$1.50

1-

2
2

12-14

30c

1-

1

1

6%

1

12-15

1-

2

12-15

1-2

12-15

$1.25

1-

2

1-

2

12-15

1-2

12-15

1-2

12-15

1-3

25c

12-17

1- 2

;'37%c

12-17

12-15

Laclede

12-19

La

1-

2

12-20

1-

2

(quar.)

Gas

Lambert „Co.

12-241

12-27

12-15

37 %c

—J—
—

Co.,

2

12-13

Lamson

12-20

Corp.

of

Investment Co.

Del.,

com.

12-31*
12-14

12-29

12-14

3-

1

12-31*

2-14

12-11

12-11

12-11;

2

12-15

12-24

12-15

12-24

12-15

40C

1-2

12-20

25c

•

1-

$1.18%

1-

2

12-26"

25c

1-

2

12-20

$1

1-

2

12-20

$1.50

1- 2

$1,75

2-

1

1-15

50c

1-

2

12-22

-1-

2

12-14"

IOC

12-14r-

&

Sessions

(M.

H.)

Extra

6%

preferred

—

-------

Co.,

Inc.

$2.50

(stock

pfd. (quar.)_
dividend)

(John A.) & Sons (quar.)
Lanovb.
Corporation
(year-end)
Lawyefs Titlef Insurance Corp.
(Richmond, Va.)
(s-a)__

(s-a)

—r

12-23

12- 3"

12-31

12-19

$$1.50

t- 2

12-17

2

12-15

25c

12-28

12-19

$1.50
62 %c

12-28

12-19

100%

12-31

12-15

1-

1-

2

12-22

25c

1-

2

12-12

15C

1-

5

12-15

—

60c
—

————

$1.50

37 %c

—

(s-a) —

(year-end)

Lang

1-15

2

2

1- 2

Inc.—

(quar.)———

preferred

2

1-15

11-

-

:

Corp.—

Manufacturing

Loan &

Lambton
Lamson

1-

12-29

12-24

12-29

5c

——-

—

preferred (quar.)

Plant-Choate

1-

933/4e

11-30
11-24

20 c

6%
La

561/4 c
35c

12-31

25c

(quaf.)—

(initial)

Light

Crosse' Telephone

6%

—

12-15*

1—15

12-28 1

$2.50

pfd*.- (quar.)_

conv.

12-20
1

,

$-5c

Grocery

2

5

1- 2

$1.12%

$1.12%

—

12-15'

2

1-

'-37%c

—

(quar.)—-

1st

1-16

1-

12-15

750

/,://,

:—

—————-—

preferred

12-15

1-

$1.25
15c

i.—
(quar.)

common

i

12-14

1-

v:

•——:

Common

4%

12-20

12-14"

$1.75

t

,

9

$1.50

——ii.—

Koppers Co., Inc., common (quar——_
4%% cumulative*preferred (quar.)-—Kresge Department Stores, Inc.—

Krogbf

2-

2%o

5%
Co.,.

12-27

$1.50

2

2

12-18

50c

1-

12-29

10C

t

1-

3

$1.12%

12-15

r $i6c

—

—

'

(quar.)

Ektra

Lamston

Extra

6%

preferred

20c

common

62 %c

•

2

12- 8

10c

preferred

2-15

1-11

—

(quar.)

1-

12- 8

12-31

30c

1-15

5C

1-31

$1.75

& Baking—
^
:
1
preferred ; (quar.)—•«,——
7% 2nd preferred (quar.)_———
Kupperheimer (B.) & Co., Inc. (s-a)___—

12-26

50C

-1-

$1.12'/a

Hummel-Ross

1-

:

12-20

;

3-

1-15

,

—.—

common

Seeley Corp.,

1-15

1-

12-18*

common

12-

12 %c

12-18

1-25

r-

15c

12-

Corp.,

2

$17c *

:

(quaf.)

Co.; Ino.

&

Knudsen Creaimery

25c

12-31

Finance

(Walter)

%

12-17

12-30

Household

3

1-

(year-end)

(quar.)

Kimberly-Ciatk Corp:,

12-28

quar.)

12-

$1.50

——

8

15c

Common (year-end)
Houdaille-Hershey Corp.—
$2.25 conv. preferred
(initial

2

$1.25

(quar.)

12-20

$1.06%

Co.

pfd.

12-20

Co.

Hardart

1-

1

Electrochemical,"$4.25.^fd. (quar.riZ

Horn' &

12-

1-

Hoover

(quar/his—<r___
(N. Y.)—
•

7

1-

40c

(Brooklyn)-

1-

12-

50c

preferred

50c

$1.50

Hooker

4 V2 %

1

$1.50

25c

—;

—

7%

,

$$3.50

3^

2-

12-15

12-

;

(accum.)—

$1

12-31

12-

1-18

1-31

$1.50'.

12-20

12-10

$4

Kendall

50c

—

$7 preferred
lome Dairy"Co., common-

1

Kentucky Utilities Co. 6% preferred (quar.)
Kefr Addison> Gold Mines (interim—.,—^--;

:

—

1$2.50

$8.25




(Henry)

5iVftenfr,ew,

Co.

2

20C
Holt-

.

2-

——

1-

$1.75

Holliftger Consol. Gold Mines (year-end)__—
Holmes
(D.-H.) Co. (quar.):
_i

$1.06%

^—

1-2

.31 Vie*

(quar.)—

12-10

2

12-18'

2'

(quar.)—

Home Title Guaranty-Co.

(year-end)
;

Co.

12-10

2

(quar.)

com.

Keyes Fibre Co
$6 preferred (accum——;
6% prior preferred (quar.)^-i—_———
Keystone Pipb & Supply 5% preferred (s-a)

'

2

1-

12-14*'

2

,

11-

'

2

■*■

12-18

loc

$9

General Refractories (year-end)

Furnace

Corp.,

(qtiar.)*—
—^
*
Co., 4V2%
preferred (quar.)——

1-

12-15*

12-14

12- 3

2

12-15

2

$1.75

„

B

1-

*

12-20 *

$1.25

25c

—

common

/Monthly/, '
Hickok Oil Corp., 5%

1-

12-28

Light—

Co.

1-

..

$1.50

—

(quar.)

$4.50'preferred

A.)

$1

'■

Holland

<C.

12-31

$1.25

—

Kidde

.

11-30*

2

1-

$1.371/a1

_;:—...i——

11-30

$1.25

(s-a)

(quar.)

: ,v $1.75

——

Hinde & Dauch^PaiJer (Canada)

A

Kearney (James R.) Corp.—
$1.50 preferred ' ($-a)
Kellogg Company, common
Kelsey-Hayea Wheel, class A

12-22
12-14-

2
2

$1.75

(quar.)

20c

(quar.)___

12-15

1-18 "

preferred
preferred

(quar.)

Drug Co.,

Kayi'man

11-30

11-

.

Power, 5% pfd. (quar.)
Kansas Nebraska Natural Gas, common^.—
$5 preferred (quar.)
w

12-26

11-30

2

$1.50

(quar.)

Electric

<

II-30

2

1-

1-

40c

-.7%

>

11-27

12-24

'

&

2

1-

$1.37%

15c

(year-end)

preferred (quar.)_'
prior preferred!*(quar.),^—
.•
Hinde & Dauch Paper Co. com.' (year-end)
$4 conVi*/preferred (quar.)

12-19
-12-16

■

Gas

preferred

;

'

—

series

&

1■

1- 2

25c

Heyden Chemical Corp. .(year-end)————
&; Co.
h ''A'" I

.12- 1*1

12-27

$1.25

12-14

12-15

XI1/4%

—

Power

12-31

12-27

37V2C

(quar.)
i._j—
Co., common

(quar.)——

(quar.)

City Public Service, com.
5% preferred (s-a)

12-12-A

a

2

xl % %

—

Kansas

2

(quar.)_

1-

12-31

17c

——-

Kansas.Electric

:'b 1- 2

>

12-10

X$l.?5

City

12-17

1-

$1.12 '/a

2

Light——

Steel

pxeferred B

12-18

50c

25c

12-10

1-

xl% %,

IE.)

$6

1-15

<

12-20'

2

.$1.50

.

^

Kansas

12-12

(year-end)

E.)V & Co.,

-prefcrrecl

&

8%

preferred

2

1

75c ;

11-30

5

1-

Corp.—

Co., common (quar.)————
Sons 5% preferred (quar——

$6

2

Corp.

Johnson

Laughlin

Kansas

1-18

25c

2

1-

W Battery

K

12-22

1-

ui

Parts

Motor

v

12-22

2-

(initial)

»'(G.)'- Brewing

(quar.)

preferred B (quar.)——.
——
Joplin1 Water Works, 6% preferred (quar.)
Journal Publishing. Co. of Ottawa, Ltd.——

2

50c

pfd. (quar.)

1-

15c

(quar.)

preferred A

2

20 Vic

non-cum.

$2.25
100%

—^

—

(quar.)——

com.

,

preferred

arrears—

5%

5

(quar.)_;_j_—

:

'

2-.

I* 2

preferred

Hein-Werner

-

1-

'

Tobacco,-$3

.Heller ' (Waltey

...

(quar.)

5%

1-

1-

$1.75'

Light__w.—r-m-^-^--.>-.^

Insurance

12-17

(quar.)——

Power

1-15

8%c

(quar.)____«

12-15

12-15

:

Marx

&

Electric if

Fire

Heileman

4 '

2

.,1- .2

,

preferred

&

12-22

12-27

$1.50

Haverty Furniture, $1.50 preferred
Hazel-Atlas»Glass Co. (quar.)

1-21

12-31.

c

VM

12-24

(quar.)—

Co., Inc. 4'A %

&

2nd

Jones

,

(quar.)——

Extra

&/£%

4%

1-

1

$1.25

-Hat Corp. of
America, • Class.*Class B: _^_L—a—

,

12-20

Gas

Tea

2

1-

i5c

$1.25

—i——, —

(year-end)
A

85c

Kahn's
1-19

$1.50

(quai\)—_——

Co.

&

Shaffner

JHartman

12-29

/

75c

X;

-

$1.25

—

(initial)—

preferred
(accum.)
f$5.5Q preferred (accum.^

General Railway Signal,

Hart

*

12-18

V 12-29

40e

(

Ltd., 5%
Serviqe Corp.—

.

Hall

Hartford

2

.

(quar.)—

preferred

conv.; Class

Hartford

15c

:.

preferred. (quar.)
pfd. (quar.)

Products. Mtfg.,

$0

Harris

1%

12-18

15C

preferred (initial quar.)—

Public

2nd

12-31

$3

—

£1 cum. 2nd. preferred (initial uuar.)
General Printing Ink—Name changed to Sun
.Chemical Corp. - "
General
General

Company

Harris- Manufacturing Co.—r ;

.11-27

62 %e-

(quar.)——

$5 preferred (quar.)
Corp., $5 preferred

Paint* Corp.-^ ,

*

*11-27

$1.12%

(quar.)

Motors

cum.,

12-10

A 1-

*

X.

•.Hibbard Spencer Bartlett

5%

Corp.,

2

$40c

1-

12-15

2

1-10

..

—

Co.,

12-18

30c

1-25

1-10

750

(quar.)_—

General Fireproofingv 7^

12-28

12-8

1-

720C

1

General

Johnson

:..

$i.3$

General Baking Co., common

Co.

12-20

6% preferred (quar.)_————
Harnischfeger* Corp., "common——

30c

Electric

2

12-15

preferred

12-15'

(quar.)^_

1-

12-29

5%

12-15

(quar.)

$1.50

X 1- 5

5%

12-12

1-15

(quar.)

px*eferred

Jewell

(year-end)—,—
(initial)———

Service,
A

preferred

12-12

6-15 '.

'

$2.10

1-15

(quar.)

'6%

2

1

Y.)

7%

:

1-

3-15

9-16

Public

: 5 Va % / preferred

,C
,V

12-12

1

1-3

HOC

$4.50 pfd.

8^;. preferred- (quar.)

12-18

1.

7

25c'

General American Transportation (year-end) -General Aniline & Film Corp., class A—

General

12-15

2

$1.50

12-15

12-12

12-24

5%, pieference D (quar.)—
Jamaica ;Water Supply,. $5 pfd.

$2.50

$5

2

12-24

$75c

Manufacturing

preference B
preference C

1-

"4-

•—

$3 participating preferred' A (quar.)__

common

2

1- 2 :■

,7-

1-

$1.25

*•;:

1-

2
2

12-26'

25c

$1.50

Jersey

1-

3:

1-15

35c

$25c

$6 preferred

H.)

Central

1-

1-

1-15

.

20c

(N.

Coal,

(E.

1-17

common——

dividend)——

preferred

5%

3

12-15

12-20

12-13

25c

12-

2

T *

12-13

2

(quar.).:———

clears all

(Stock

7%

12-15

10-

12-15

2

1-

(quar.)_—

com.

preference

7%
-

12-20

''■i:' T -2

America,

(year-end)
Shoe Corp.,. 6 %

Creek

$3

Paper 4% preferred (quar.)
Harbison-Walker Refractories Co.—

;

2

1-

50c

JamestoWn Telephone, 6% 1st pfd. (quar,)—.
Jeanette Glass, 7%
preferred (accum.) —

25c

Corp;

1-

$2

■.

(year-enci)^_

9-25

25%

Radio

12-10

45c

12- 3

;;25c'-;'
$1.25

—

7

2

.■

1

2-.

25c"

,

ioc

2

12-

1-

—

(year-end)

common

12-27

\ $50 V

3

1-

12-10

$1.75

(quar.)

12-27

$1.25

v.

2

$1.50*

J——

6-25

9

>

$1

34%

3-25

1

1-

.

$1.65* ;

;

1

7-

.

1-

300
V

4-

-

10c

25C

pfd._-

2-13

12-24

12-

1

2-

50c

12-20

2

10-

$1.25

(quar.)

Printing (extra)

3-

$1.25

,:V/.:_.v.

(quar.)

1

12-28

,

12-31

12-29

—

Jacobs

$1.12'/a

75c
■

Island

1-

50c

12-14

1-10

12-10

;

34 %c

12-28

$$11.75

Fbundation, Ltd.,

Extra

12-10

2

7r

12-14

$1.25

;

Irving Trust Co.

12-11

1-

dividend

Stock

of

(John)

12-29

35tt.

(s-a)

•

Co.

Utilities

This payment

12-29

$1.50

.

——

pfd.

Shoe

Co,

Common

12-20

Hammermill

35c

—

'5,r/sfe- preferred
(quar.)—
Gbrtimcr Mahufacturtng Co.—

Co.;

12-31

Hamilton

48c

non-cum.

F.)

Co.

12-" 1

12-15

150c

-

(qqar.)T—_—

Controls

$5
Y.)

2

7

12-

$$2

(accum.)_

convertible

Irving

2

1-

12-15 ;

$3

Gatipeau. Pqwer Co. %(quar.)_——_——

General

Ohio

&

Insurance

Harrisburg

preferred '(quar.r------GirfinckelV (Julius) <fo ,Co„ common (quai,;)_v'
5%preferred, (quar.)———

Amer.-Investors,

Co.

1-

12-

2

12-28

$1.75

Investors Fund "C"

12-20

(increased)————

Sugar

6%

12-10

2

7%c

(accum.).,

Investment

12-10

1-

135c

—__u_——w_—

—

Mobile

Haloid

-

■

.

11-30*

1-

"2%C
....

preferred

——

Co.

1

RR.

12-15

12-26

.

12-17

2

1-

t40c

Ltd.—

Canada,
!

Special

1-" 2

3 7 Vic

(year-end)-^.-—

2

Interstate

11-30

1- 2

1-15

$1

Aircraft & Engineering Corp.—.
Department Stores (year-end)
Telephone Co., $6 pfd. (quar.)

Interstate

12-15

'

37 Vic

conv/

General

1-

25c

-

Extra-'''.

Oil Corp___

Halifax

;

Interstate

y.

12-20

;

7

50c

common

preferred (quar.)„__

1- 2

12-31

■y

12-15

Corp.,>/common^—

S'/r, preferred

2

Watch

(W.

7%

12-15

2

12-17

12-14;12-17V

1-

65c

;

Co.

International Silver Co.,

12-26

1-

1-

$$1,121/2 ;

(quar.)

preferred

International

11-30

12-20

—

Gulf

»

7%

International

,

2

$40c

(incr.)

com.

12-17

2

1-

12 %c

(quar.)__

com.

1-

12-31

37 %c

■

(quar.)

Nickel

preferred

"

International Power Co., Ltd.—■
.

11-30

12-27

Co.,

Industries,

of

7r/o

.

12-31>

—

—

Corp

12-17

50C

(quar.)

Chemical,

12-17

.$1.25

2

Fiihdamentat; Investors (year-end
G^chctt Co.,* Inc., (Class b couv; pfd." (quar;)
Girdncr-DCniver' Co., .commofr (quar:)_--—
'S3

Oil

(N.

'

12-31

28c

—

1-

37'Ac

6*2., preferred (quar.)^
Loom, common (initial )_->

Service

1

Products

International

12-28

12-31

V $1.75
$1.50

;

—

12-15 :

;

Co., 6%

(quar.)

No,

12-27

International Paints, Ltd., 5% pfd. (accum.)
International Paper Co., 5% pfd. (quar.)—

12-20

".

Metal

prefericd

Jamaica

——

12-15
12-15

Machine

International Minerals &
4% preferred (quar.)—

Co.—

(quar.)

Guaranty Trust Co.

12-15

2

1-is

$1.06 Vi>;

2

:

1-

12-27

—

1-

12-26

7-25

30c

;

12-20

37 v^c

the

Additional
FUlton' Iron Wbrks

preferred

Hall

4%%

12-20

$1.50 •:

(quar.)—

2

(quar.)

_

i

1st

Guantanamo

'

1

1-2

$0.05703

1-

—..

*.".

(quar.)

preferred

12-15

/

8-

International

7-25

$75c

—

$$1.50

"/v: "

Canada- (quar.)_—_

6%

J.)

preferred

Gruen

;
•

1

55c

preferred
Gulf Power Co., $6 preferred (quar.)
Guilford Realty (Bait.), 6% pfd. (accum.)—

(quar.)__

County Coal Corp.—
7%
preferred
(year-end)
Fraser Co.; -Ltd.
(quar.)
(A.-

12-17
12-17

8-

International Harvester

4-24

31V4C

15c

V;;■//■;

Franklin

Freeman

1st

Cellucotfen

4-24

1

$5c

12-24

(quar.)

preferred

A

Brewery

,1st

Group No.

'

1

5-

32V2C

——

2

37%c

Brewing

_l—

Western

5'/o

Group

5-

12-21

1-15

1-15

"

75c

pfd.

(quar.)

Co.

Ffankeninuth

2

30c

1-2-28

$20c

—

Elevating

$75c

1-

(quar.)

Corp.

2

12-31:

1-25

1

12-14-

50C

1-25

2-

12-22

12-28

$37 %c

com1, (quar.)

Co.
(resumed)——
International Furniture Co. (initial)'

—

:*'75c

(quar.)

Building

11-

25c

1

12-14

:

2-1

12-22

2

35c

—

International

12-14

30c

,

com.

5%

•

12-21

12-24

*>:•

40C

(quar.)—

preferred

-12-

2

(initial quar.)

Co.,

5%

12-15

2

1-

(quar,)

International

1

12-14

—

Griesedieck

12-15

1-

50c

preferred

Wire

Gas

1-

$*75c

12-15

2

'

convertible
preferred (quar.)———
Gricss-Pleger Tanning Co. (year-end)
Griggs Cooper & Co. 5%
1st pfd.
(quar.)

1-15

2

1-2

12-31

$1.75

...

...

common

6%

St.

1-

12-

1-

$1

:

1-15

Co.

12-20'

1-15

—

f

12-31

12-15
■>

1-25

/v.

•14c

6%
4tsi

2

1-25

$2

;

Inc.—

preferred

(B.)

12-31

1-2

12-

20c

Powders,

partic. preferred (quar.)_
International Button-Hole Sewing

$75c

6% pfd.
Greyhound Corp. com. (quar.)
4'/4%
preferred (quar.)—.

*12-22

2

1-

$20

—

(quar.)

(quar.)

'1-

$1.18%

(quar.)

(increased)

common

$6

12-21

common——;—

Greenwich Water System,

12-18 "

■

2

lc

——

12-31

2-15

—

6%

7

20c

$$3.75

(year-end)
$1.25 partic. preferred-—
Participating
;

12-15

2

25c

(year-end)

&

1-

15c

(quar.)

A—

$3 class A

Foster-Wheeler Corpr;
Extra.'
;
i
6 %

/."/'h

(quar.)

(quar.)

Foresight -Foundation,

6%

50c

:■A-

preferred

Fdster

12-26

—

Co.,-Class

Dairies,

Class A

12-14 /

$1.10

York

Foreign Light & Power 6%** 1st
6%

12-28

'

——

common

(quar,).

Forbes & Wallace,
Foremost

Greening

(Bait., Md.)

1-

62yzc
J:,

(quar.)

Co.,

2-15

10c

__

international

.*—

(quar.)_

,

Sugar

(s-a)—

1

12-

7

50c

;

Bronze

12-10;'/

12-24

$r.25

(s-a)

Inc.

Inter-City

12-22

$75c

l'/o- preferred (quar.)
Green
(D.)
Co., 6%
preferred—

,12-15

.

1-.2

Society- (quar.) _A!v

Corp.

preferred

Western

Greenwich

3c

B

Machinery

2nd

America

Certificates,

2

1-

-

1

3-

3-9-40

J3

12-

30c

y..:

New

Co.,

preferred

6%

NorW

of
;

Investment

Great

12-19'

Consolidated^iCoiiper

Co',

Extra
Insuranshares

—

(Winnipeg)

12-31

25c

12-31

(year-end)

12-20

12-15

%

Co.

12-28

12-15
12-13

1

1-

30c

$1.62%

»_

1

30c

Properties—
—__i,-'.

7

50b

12-

——„—_—

1st

12-15

(s-a)——

Bank. (New-York)
Stores (quar.)

Florence Stove Co.

12-31

Insurance

30c

(accum.))

Inc.

11-15

v

12-10

Saddlery Ltd.—V

6%

12-31

/,.f* 25c

Ore

Quarterly

12-24

Y.)—_

Iron

Life Assurance

West

Great West

12-31

2

$15c

Y.)

7

12-

$1.12%

12-31

(accum.))
Co.,

Year-end

50c

;

(quar.)—..
Pennsylvania (quar.

Co.- of

National

Northern

12-26,
12-15 i

2

1-10

partic.
preference

Great

;;;:,i/75C.

preferred

Finance

..

,/X 25c

(Los Angeles)

Sons

B

8

Field)

Fifth Street Stores

(Wm.i

l-

-

10c.
50C

(N.

Fidelity Fund.' Inc. (year-end)
Fidelity 8c Guaranty Fire Corp.

Filene's

50c
,

—

(year-end )ii.„^.
Co.

A

class

Lakes Steamship

4-1-46.

,/,

-

'■'!%,Ag -,••■•,*,„,, ■?;,

Traction

(Frank) Brewing, 6%. pfd.

Field

-

(initial)

new

class

$2

(N.

12-

12-31

Baking Co., Ltd.—
——■
Intercontinental Rubber
(year-ertd)-^—^—

—,

Greet.

12-17

.1-2

1-

Co.,

8 ;

1-2-46

$2.50

.

Light

J

$2.50*

——

common——.

,

preferred,(s-a)

Federal

7

$1.25

x,,/,

Faultless

Rubber

12-

$2

8

Co.

12^31

*

pfd.

1

——

Ltd.—
preference

Paper

1st

conv.

12-15

12-27

12-12

2

1-

50o

—

12-18

2

I- 2

12-18''

$1,25

(yoar-end)'_j.^

12-18

93 Vic

-J*

Lakes

68C

12-31

———

Insurance

Year-end

A

2

1-

12- 4

2

1- 2

/

$1.25

(quar.)

12-

Inc.; com. (year-end)—
preferred
(initial)

conv.-

1-

1-15

30c.
$1.31%

5% convertible preferred (quar.)
Industrial Brbwnhoist Corp.—

..

12-17

—_

—

12-17

$1.03%*

(quar.)

2

1-15

;

American

Great

12-17;

/1- 2 :
1-

$2.20
Great

pfd.
(quar.)

12-31

(quar.)-.,

v.:

12-15

11-13

12-28

2%C

•

(quar.)

2

12-21

50c

$1.18%

'

Gfiy Drug Stores,

Groat

——

'■ preferred

Federal

■.,

*,"'. 10c

—

Fashion-Craft; 5 %
Fedders

)

5

Insurance, Syracuse

*

Quarterly

1-

4 V'a %

& Light

1-

$1.25

•

Quarterly

■

Eleo.

l->

10c

(initial)—

1-

$10c

12-31'

12-31

—

Extra

12-22

1-

12-18

30c

.

5

1-15

3 7 V'2 0

&

1-

15c

*

Co.

Mich.

&

Class

2-25

406

Quarterly

.;! 12-20

65c

■

;$1.50 convertible preferred B (quar.)
Famise Corp. Class A (year end)
Farmers

Graniteville

12- 1

1-15

2

—i_

common

new

12-1#

(quar.)—-

(accum.)
Industrial Rayon Corp.
common
(quar.)
$4.50 preferred A (quar.)'
Industrial Silica C6ri>., 6% pfd. (accum.)
Irigersoll-R'and Co., 6% preferred' (S-a)
inspiration

.

1

(quar.).:
Co.

Tool

$$1.75"
$62?2C3 ;. 75c

(year-end)—

Co.,

preferred

12-14

25c

:

Mines

(W. T.)

3%%

•

12-14

12-31

1-

2-25

;

30c

Grant

:

_____

Engine & Airplane,

convertible

2

1-2

12-20

62 Vac

—_——

&

Grandview

12-14

12-28

2

$1.50

;

(quar.)———

Toy; Ltd. (initial)
Grand Valley Brewing Co

12-20

,

(quar.)

Fehr

Grand

1-

$1'.25

Grand Rapids Varnish—^—,

12-21

I

$1v12V'2

12-20'

1-

Ihdustrial Acceptance Corp.—

1

$1

—

12-31

—

J63c

preferred (quar.)
Fisheries

-

12-20

1-

'

Canada

5Vi% preferred (quar.)_^
Indianapolis Water 5% pfd. A

,;

3-

(quar.)—-,-

12-20

'£ 1-

30c

preferred
(s-a)
i
Finance Corp., common

Family

*5%

2

1-2

25c

—

dividend

Fairchild

j:

5%

12-11

3-

—

of<

Pneumatic

Indiana

$1.75

,

Stock

Gorton-Pew

,

12-21*

5

2

1-

$1.25

(quar.)

Life Insurance

Stock

■

12-15

2

12-IS

12-30'

$1.75-

(leased linesk

Indianapolis Bower

1

$2

Extra

,12-15

1-2

X $1.37 Vi

—

(quar.)
;
i_„

Corporation

,f

$4.75

H"1?
,,

1

$1.25

—j—

Telephone
(Madison,
preferred (quar.)_.

Tobacco

Independent

.

(quar.).", (year-end)
preferred
(quar.)_

&

Common

1-2

$1.50'

com,

preferred

Excelsior

——

(year-end)
(quar.)-—

Extra

(N.

.

1

.

common

Products Co.

Ex-Cell-O

i

2

1-

*

8

7

..

1-

Wise.),
Imperial

2

1-

1-2

Commercial

12-12

$2.50

preferred (quar.)

Ind.—

Sugars,

V1?
1_

\

"

Telegraph (quar.)—--:
',*!•.Goldblatt Brothers, $2.50 conv; pfd. (quar.)
Golden State Co. (year-end)—
Goodrich v(B. F.) Cb. $5 preferred' (quar.V—
Goodyear Tire & Rubber Co., of Canada, Ltd'.-

12-20

,

12-31

; 75C

<quaf.

Fund,

Evefsharp, Inc.
5%

2'

1-

.

M'.;--' 75c

pfd.,\ (quar.)

12.

2

56 V*C

B

$4.50

12-17;.,

1-

:

$5

12-14
12-

1-

—

A', (quar.)——

Gloss

'

Gold

.

'

12-12

56'AC,

(quar.)

2

1-2'

25C !"

i;
.

J 12-17
*,: 12-17

•

Equity
Evans

1-

:

12-24

'50c

...

com.

12-15

2

12-24

$2.73 ?
$1.60r

!

Godohaux

Class

12-17

1-

62 Vic

__

,Globe-Wernicke, lc,b

12-15

12-31

$1.25

•

12-17 )

2

i,-v 1—; 2

.

—

(quar.)
Consolidated (s-a)

Corp.,

1-

'

12-21*

12-29

1

'

(s^a)

12-18
12-10

2-

40 c

—

12-21

i

.

1st preferred

2

1-25

1-

25o

40c

Fire Insurance" Co;-K '

Rutgers

25c
$1.25

;

Empire Trust Co. <N. Y.)
(quar.)———.' ;;
Emporium Capwell Co., common (quar.)__

Johnson

•

$1.25

'5% 2nd preferred (s-a)—.—
v
The above payxhent clears all arrears.

preferred

,4%. preferred (quar.)
Engineers Public Service,

&

5%

12-14

Bell

Illinois Central RR.

256'

12-20

Illinois

(quar.).
Telephone

Illinois

_

2

12-15

2

12-13

$$1

-

preferred

12-15

87 Vic

,

1

'

1-

5%

12-15

Giidden Company, common (Interhh)
AVzfy convertible preferred (quar.)——

,

12-21

,1- 2

Extra

12-iO

12-31

12-13

12-24

15c

Manufacturing 6% prelerred
Huroc & Erie Mortgage Corp, (quar.)
Huttig Sash & Door Co.—

12-24

$1.50

Huntei*

^-17

12-29

—

1-

Williamsport RR., 7% pfd. (s-a)-1
Drug Co.j 8% pfdv (qiiar.)c____-J_
Emerson Electric
Mfg. Co.,-common*-—______

Endicott

12-20

12-17

?

$1.50

(quar.),;—

1-

(quar.)
(year-end

A

12-15

2

$3.50 pfd'.

Co.,

$1.12V2

&

preferred

2

1-

Cl)

$1.06 y4

Emerson

,4%.%

2

12-15

2

2

of Ree.

20c

common..

preferred (quar.).

$1. l2'/2

Safety Razor, common (quaf,J—w__
preferred (quar.)^
Glen Falls- Insurance,• common (quaf,)'——
$5

6V0

12-17

1-

$1.06 V'j
$1.25

Gillette

8

(quar.)________

A

Co.

Gilbert (A.

12-

11-30

v

Electric Ferries 6%' prior
pfd. (quar.)____
$1.50'•.
Electric Household' Utilities
150
Corp. (quar.)!.;"
Elastic Stop Nut,
,6% preferred (qliar.)^___ ; ;1TV 75c
'Electric Storage
50c
Battery- Co. (year end)__
Electrical Products Consolidated
(quar.)_
•V" 20c *
V Extra-—%
..uy
;•*
lOc Electrical
Products
256
Corp.

Elgin National Watch
Elliott
Company
5%

11-30

12-24

12-24

(quar.)

(quar.)____
ptd.

common

Participating class

&

12-15

2

Payable

Share

Humphreys Manufacturing Co.,

Hoiaert

When

Per

Name of Company

12-12

1-

25c

$1.06 VV

(quar.)

Rubber, 4 W!o pfdf,(quar.)
Georgia Powef, $5 preferred (quar. y^Z
$6 preferred
(quar.)_.
—u,—
GdrbOr Products
preferred (quar.)_,—

12-24

8c

.

8

25c

(quaf,)

com.

end

Tire

1-

j

,

of Re0.

12-27

62V3C

(qtiar.)

preferred

General

Globe

_4%% ••participating preferred
Paso
Electric-<T*exas), $4.50
Co.

*

12-27

:

,

/

Edison Bros.
Stores,- Inc.—-

Manufacturing1

Year

t'A'Ya

Payable

40c

(quar.)„_

common

Holdere

When

Share

General Time InstfOnlent Corp.

5

12V26

sei

Elder

-

12 Vic,'
;

& Howard Stock
14 c
Fuhd'^I-^C-Ilil
Year-end';
$1.25
Eiton- Paperi»$3.50! pfd'.
(s-a)_
I„~
$1.75
P'« prior "preferred (s-a)___„ j__i._„iJ^_ '' :V',- 75c
Economy Grocery Stores (quar.
25c

Eeu'adoriajfl Corp.; Ltd.,

^

12-15

$15c'

(quar.)"-..

Year-end'

.

12-

2

' '

—

Eatdh

v;

2

1-

preferred

"

_

/Eaton & Howard Balanced
Fund

•.

5'

i- 2
1-

$25c

(quar.)

Telephone Corp.

$2.50

$2:50

a
com.

Easy Washing Machine Corp'., class
B

General

2

1-

$1.50

(year-end.)

(quarterly)
Machine, Ltd.,

—

.Class

Name of Company

of Rec,
1

—

-

Per

H older «

Payable

Share

Products—

3115

12-31

12-21

20c

12-31

12-21

$3

12-31

12-21

r

Monday, December 24, 194$

THE COMMERCIAL & FINANCIAL CHRONICLE

3116

.-re
Per

When -

Hume of Company

preferred (quar.)

$2.50
Roi

Refineries;

Stores

Lemer

Class

B>

1-

31V»c

/—

12-

•

3 "

,

1-

3

■

.

Share

-

Co.

11-23

(Winnipeg,-

__/../—■>

1- 2"

;

:

Extra

-

«■

■ •

a.

•

Lima

Locomotive

Works V

(quar.)Z

(quar.>

3-

;

50c

——i

,

2-

•

1-15

Semi-annual

,

J

—/4-z-.

12-15

•'

pfd.- (qimrt)"/-^--.
•

Monthly

,

Steel

Chain' Cm

common

•

Lockheed
Loew's

•

Arrcraft

Inc.

Corp.

(qu,ar;)__r__i——,

'10c

;

42-17

X

1-2*

.

12-13

37/2C

12-11

"

12-31

,

,12-11 '
12-10 -

••••

w 12-31*
Theatres,- com; '(quar.;//"
12-31 4
7%- prfcferred-(quar.) _w__r—-—:
*$1.75',
1-9*
j5C s•soft Candy. Corp---—"
(' IV. 2.:
Lord dc Taylor: (quar.)i_4u_/z————//;/////■, •*,t :$2t12-29 ;
Los- Angeles- Transit Lines, -common...;-.—
,12yac ;
Louisville, Gas & Electric (Del.;*— •
/ y ; ;
12-26
/Class A -(quar.y-_:'——
37%c

fcqev/'s; (Marcus;

12-10

.;

.....

12-17

.Class B ,(quar.)
Louisville Gas & Electric Co.

„1

12-17

"

:12-17

Lunkenheimer Company, 6%% pfd./(quar.)
Lynchburg- & Abingdon" Teiegrapn Co. (s-a)

-

'

Macfhdden Publications,

.5%

(R;

Co.

CT.)

preferred

—

—

/:/

pfd.

Manufacturers Life

1-

2

1

Water Co.,

(N.

Y.)

7%

pfd. (quar.)....

L-i-;

(quar.)^^_

V.

s..

-15c

.

1-

12-31

.12-15

12-31

12-19
; 12-26

1-1

'.'1- .2 •
:i-,2'

$1.75

..

■,

:

'Quarterly,

2,

11-23

1;1%C/
■

,*5oe

___
,

b

v

11-36/

V/l-.2:/

50c

12-29

12/15

:

J$L11

.1-/2

11-

"

,12-31.

-

■.

,•
■

■

Distilleries

Extra

:5%

_

t4Va%

preferred

.5(4%

■

.

.

11-30

"

10c

'/!•* 2

12-12

•;•

1-

12-12

8%

preferred

■

2

A

1-31

2-15
2-

.

1

12-28.

32-14

"

12-24

12-14

12-

12-27

2

3

12-20

'

1-

$1.50

1- 2

12-15.1

$1.50

1-2

12-15

1- 2

12-15/.

1-2

12-10

.

$1.75

.

25c

.

If 2

50c

,/ 2r 1

*40c

.

.

:

$6

1-2

25c

York

Trust

(year-end)

.

$2

'Class

12-15

Co;

1-2

'■ //l- 2

J'

12-15

2

12-18

5c

12-28
1-15
1-

■

.

-

12-20

•

12-18

Z

■*

(quar.)——!—

A

$i

8

.

S3

'

1-

4CO

/

70c

♦

-

2

12-14

-

12-10

1-2.

,

2

12-10

1- 2

12-14

1-2

12-15 •*=

1-

$1.25
10c
•

25c

1- 2

$1.25
12V*C

12-13

'

2

12-15 V

12-20 -/j.

1-15

1- 2/

$1.75

■/-

12- 4

12-27!

40c

i

12-15

2\

$1.25
■•,•$1

Ry. Co.—
preferred (accum.)———

prior

12-11

,

-

1-

'■

$1.06%,
20c

•v'-'.'>x

!

11-29/

■"

,

*

,

-

12-11 Z
12/14 t
12-21 :
t2-2$ ( '

vl-16

'r 12- I- >'

/L-2-46:

(quar.)^—. i; ? $1.50
,

r

1-. 2-'

'

;

15C

k

12-11

Z' 12-24 /

'

25c

*

,

II-29 I'/

1- 2';
.1- 2

5

.

12-20

>■•

r$1.06%

i'-"

12-20 /

12-27

.

7

',12r'*\

12-31/

50C

V"

1

2-

-.$1.25

44-/

/

12-15/

11-

01

;

12-15

2

1-

12-27

53c

•

$-18 •: •
2-. 8, ::

•

2-15-46

350

•

'J./*——«-/—/—1-4/—-";/:

(quar,):

Philadelphia: Co., $6> preference

L,$1.2S
-$5 -srelerenee'"( quayJ—12?

■J

j

Extfa-/—/—»^///—///./^///-//////////j;^■/;$i/
Pic We-Crow/Gold, MiheSy. Ltd,/„/^4.//—//4«- Vz//*5c"

12-1

1-15 ./•

Piilsbury Mills Co.c $4- preferred (quar.)—

■
:

-/ 1- 2

Pilot Full;Fashion. Mills,-. Inc.,

(quar,
Pittsburgh Bessemer k Lake Erie RR. (s-a)
Pittsburgh Equitable Meter (qiiar.)—.——-,
Pittsburgh-Fort Wayne As Chicago Ry.-rr /-//

12*17
12-14

1- 2
1- 2

$2.50j
$2.50 ''

12-14 '

,

,

~

50c '
V 25c
$1.50

12-24

12/28

>,

14

;

12-21
.

12-10

.

I-15

;

/>'

■

12-14

"

12-10
.

12-10

2

12-15

,

:

12-20

1- 2

1-

2

12-

1-

1

-

1

"

12-20

1-

12-20

1.

1

Leather Co.,

"

(s-a).

& Worcester RR.

.'

Extra

■

Ohio Brass Co.,

Class
Ohio

B

i25c

Water,

S6 preferred

12-20
12-20

12-15

,

,

Porter

12-31

12- 5

12-31

12-27

(H,

K.),

new

common

•

12- 5

12-31

;

12-20

12-19

Ohio. Service'Holding, $5 pfd.

Edison

Co.,

1-2

12-15

1-10

12-20

1- 2

12-15 1

1-

IOC

_/

'
—1f
(accum.)— ,*

$4.40 preferred

(quar.)—-

-

12-15

1-

Gold

Extra

1-

1-2

Products

Co,

11-30

45C

1-15

(quar. )—

15c

1-

15c

4.1-.2/

.Z

•

'

12-20

'

Providence
-*
,

12- 4

'

(quar.)1

_,$1;25 /

1- 2
1-2-

1- 2

of Colorado—

Quarterly '

8

PUblic', Serviee

-

,

$2
$1.75>-

-

Corp.

$5

12-20

•7%

"

of

N.

J.,

•

'

>

12-17 >

12-24
12-24

1-2-46

12-

*

6

T2- 6

|

4___
•

-»

•12-15 •>

:;.50c

1-2-46

12-15

41%c

1-2-46

12-15

37%c

1-2

12-20

12-31

11-30

20c

:

common—-

(monthly)

(initial quar.)^—

^

12- 8

12-12

12-27

>

•

50c

,

•

v

12-15, i

1-15

r

$1.25

$1.75

11-30

12-31;

11-30

12-31

Service Co.f (Oklahoma )

preferred

'■

12-14

1-2
1-9-

58 VaC

/—

preferred (quar.)
4———
'preferred (quar,)___i—w——/. w1

Public

12-20

.12-19.

preferred

12-24

1*

;

—-—

Public "Service Electric to Gas Co.—

2

12-15
11-30

40c

'

6rr

12-11
12-15

12-20

1-15

25c

(quar.)
:/__/'—.

.

Ohio Leather Co.—
8%

—r—_—■

12-20 >
12-7

.

preferred .(monthly)—,—r_///_—6%
preferred (monthly
5%
preferred (monthly)
Public. National Bank & Trust (N. Y.)—>
■

>

8

'

Washington Insurance

12-14

2

1-2

'

>

7%

II-20

12-

Snecial

&

Co,

&

Public Service Co.

;

12-28

12-

25c
(quar.)_—
—/
East Dome Mines (quar,)/,—;i— ./:'/ :/ *30

Brothers

12-10 '

12-31

*lc

Z—x—

——.

-x

12-15

1-2"

——/-

Minlng______„

Pressed Steel Car

12-20

1-

,

12-18

12-15

*25c

'

12-15

1-

12-27
l- 2
12-1
12-24
60c . '12-24
$1.50 .; x- .2
$1.10
1- 2
.

■

;

2

10c

12-14 *

1-

12f-24

15c

of Canada, common (year-end)
Pratt & Lambert, Inc. (year-end) —;—
Premier

,

^

62 VaC

(initial)—-//

Power Corp.

Pfentiss-Wabers

,

>

•

(quar.)//—/4—/,/

/ 5% preferred (quar,)
Potter Company __/—/— ^._4———

Price

1" .2

*25c
$1.50
60c-

—

(quar.)

1st preferred (quar.i
7%, 2nd preferred (quar.i

1-10
.

.<■

$1.50.
'•
87

class*. A (year-end)_—-—-

(year-eqd)

Cities

2

7

non-ciim; preferred

4%

//

.

.

,

3 /'aC

—4-,/-//—'

..

port Huron Sulphite k Paper—

*$l,37Va
Co., 5Va% pfd. (quar,),
IOC
Prophet, (Fred B.)> Co',1—
$2.50
Propper-McCallum Hosiery,-5% pfd. (s-a)__
/ *5C
Proprietary Mines. Ltd, (interim)
.
15c
Providence Gas Co./—;—/——Z—:/—/-

.

1-1-46

XOc

Ogden Corporation, (year-end)———
Ogilvie Flour Mills, common (quar.)
Ohio Associated Telephone, 6% pl'd.

Ohio

;

1-20

5c

Prestoh

$2
*$1.50
503
10c

12-10

>

1-20

35C^

12-12

...——

12-14
12/15

12-27

50 c

stock;

12-12

u,

2

1-

2

;

Employees
-■;/; ; Extra

Co.—

1- 2

:1-

,

1-

1-1-46

Co.,. 7% pfd. .(quar.)

12-15: V

U, 3 "

'

4

1-

;30c

62 (4c
7(4c

•

50c

—37 Vac

common

'

12-22 :

2

250

-4-—>

■

'/4-z

12-31,/
J-

12-15 ;

preferred (quar,)—/———;
Nova Scotia Light & Power (quar.)——,—
Novadel-Agene Corp.
(quar.)
—
Nu-Enamei Corp., common (quar.)

12-14

2

12-31

25c

,

2

$2.50
10c

Extra ;

12/10

,412-22

/

12-31

$1

"/15c

Plough,, Inc. _u_—-j-/
/-————.——--4 /,
Plume. & Atwood Mfg. <quar.)_——————
Plymouth Cordage,, cqmrnon^—

;

1- 2

•

•

12-31

$2.50'

Vailey Wine..,—*^-—

Pleasant
-

:

12-22

1-10

1- 5

12/10

1- 8

$2.56

7%. 1st preferred (accum.)>_4———_4*4- Vl
Planters Nut & Chocolate
(quar.)
.-,4--/■»;•

12- 6 "
12-17

$1.75
;

Pittston Co.,, $5 Class B pref———
Plant (Thomas G.) Corporation—*,

1-16

11*29 I

1- 2

$1.73

:

;

12-15 ;
3-15 -

1,-2
4- 1

<1-- 4,

25q.

Z

>

(quar.). ,_4_//—
.7%- preferred (quar.-—-i-/1-*Pittsfield & North .Adams RR. .Corp, (s-a!,4

'V

12-31 ;,ii-3o*>
1-15; .1- 2 :

.

.

75C

'

Common

12-14 /

4

//-,-".:$!:.
> tioc.

1-5-46

8%

'

$1.22 Va-

...

$

12-31

1-

>

1-15:
Y-l :

Inc.4

(quar.)

Norwalk Tire & Rubber
Norwich

4

1-

$1.75

.

12-14

2

12-31.

25c

*$l,371/2

-r

1-

1-

62(40
*

(quar.)

«'*

'

1

12-

Pfaudier Company 4.-4444-—4/^
/.Pharia Tiro, 8r Rubber; Co., (quarj—t—/

■

Northwestern* Telegraph

12-7

•1- 2.;

isc

-

(quar.)

.

I-2

12*

500 /i-2-46
4-1-4$
"/' / / 600

Perfect Circle Co.t

.12-17

(N., Y.) ..(quar:)/—;•

B———4—

Northwestern

12-10 /

$1.1-12-46

(year-end)_„__l___, "'




12-15

11-23

,

1-2

20c

"v

-

12-14.

—--/»>.:/: ;

Pet MUk Co.—.
;•/
—///.v.,.
414%- preferred, (quar.)
—,,414% 2nd- preferred (quar,).—
Petroleum:Corp. of America,—

7

12-24/,/. 12-16

- -

(s-a

Industries,

preferred

Preferred

——w—T

T"j•>

■

1-15

.

,

Corp. con}mpn_
preferred, (quar.) 'J,
„_1

'

12-15

2

60c
.

Carpet Mills, Inc., 5% pfd. (quar.»_
Mohawk Liquer Corp. (year-end!—.

x#

2l

perfection; Stove €k», (quar.)
50c
12-27
/• Extra-4—-—^-/-44/;/;
/'Perron Gold- Mines-^quar,-)/4/w//////T44/4/4i//. ;/''".*2ci"t 12*29
,*2c :; 12*29
;
Extra ; 444/4—44j/-/»'/-//4—/4—h-/-'///*1'-/"

*'

t
Z—■/■'
1-2
B—-——4 ■$1.50'North American Co.,* common (stock div.)
■■/->.
'■. "■■..■■V'V
;'.'/ •" - -•'(
one share Pac. Gas. & Elec. lor each 100 '
' ; * ' i
'"2 ' 'V12- -3 X
':
shares North American ,held___—«
/--/
i 12-10
5% % preferred - (quar.)——-——
7lVaO //.l- 2
12-20
12-31
North American Rayon, class A (year-end)
75c
12-20
12-31
/Class B (year-end)//
75c
1-2
12-20 1
6.% preferred (quar.)—>
73c12- 3
1- 2
North Star Oil, 7% preferred (accum.)——*17»4o
12-31
1-15
Northern Central Ry.————^.4——
$2
11-23
1- 2
Northern Empire Mines .(resumedt——
*10c
12-20 *
1- 2
Northland Greyhoud Lines, $3.75 pfd. (quar )
93%c
12-15
Northrop Aircraft, class A_————25c 1-5-46

12-17 :

1-

$1.75

Mohawk

t-'JW

common

Electric Corp.:
;/.
NorthsAmerican Car $6 pfd, A-J———

'■

1-2

20c

Ltd.

12-21;/ •;

4

1-

37%C

.12.-17
1-10,

1-30'

—4^—$1.50 "i/1-3
$1- - 1«- 2
Newberry (J.- J.) Co., com. (stock dividend)
300%
12-28
3%%
preferred:(quar.)' 93%c 2- 1
./Newport News Shipbuilding As Dry-Dqck—
>
-'•-'/.
12-24
Common (special)/—/—>• 50c
2-1:
:$5'convertible preferred (quar.)-——/—w
$1.25
1-2/
Niagara Wire: Weaving Co., Ltd. (quar.)_—*25c

1-1-46,

Gas. Service

Breweryrt

York Central RR.,

New

12-14-'.'-

$91

.

Molsori's

New

10%
preferred (Si-a)Lf.__J,_L__-^__^_i.-York Honduras & Rosario Mining—-

11-20

$1.5Q

Modern Containers. Ltd., common
5(4%
preferred (quar.)

11-21 :
12*15 //"

/

1-

.

Noma

1- 2

Mississippi Power Co., $6 preferred (quar.)
$1.50
Mississippi Valley Barge Line Co.——I—15c
Mobile & Birmingham RR. 4% pfd.
.(s-a)t
$2
4.90%

12./4

5%
•'

-

common

1- 2

.

4

$1.10

(year^end/-;-^

12-31

1- 2

Pere Marquette
.

13-15

f/;.l- 2;

«2;

'20c J

•

Ndw-'York'ds Harlem RR.

12-14

1- 2 ;

97VjC :

5% convertible preferred! (quar,)__;
i
■
/Millers Falls Co., common (quar.)____
;„_ly
7% prior preferred (quar.)_—"

Mobile

5

12-17 ;:

•

;1-15

-1-14"

Peoples Gas Light: 8t Coke ^quar.u— ——
Peoria Water Works. 7% pfd. (quar.).4—Z

,

12-15

:

:

55

1-2

$1,12Va

12-1.3;

,

•

Noblitt-Sparks

1-4

62 VaC

(quar.)—

Inc.,

1-

;■

12-31-

'

'

25c

(quar.)^fc_>

(quar.):

Miller-Wohl Co.,
Extra
—:

1-. 2
1-15

50c

■4

!

12-19 •/
12-15

^

-(Year-end);'

12-12 :

12-31

$1,31%.

.

Miller & Hart, Ino., $1 prior pfd.
(irreg,)_^.
Miller, Manufacturing Co., common
Glass

1-2 *

*25c

Vulcanized .Fibre i.initial)-z-

12-15

2

1-

"r

12-15

:

;i?-31-:

I'oc

preferred' (quar.)——4__-.-.

'$3

12-15

'•

(extra)

Middle West' Corp.
Midland Steel Products Co.'—

<

Peoples Drug StoresJ_/_—>——_—.——/••

;

2-15

2

$T

(quar.) -4/—4—

class

'/Common

1-14. V"

12-15

3.7 Vic.

(year-end

Common

2-15 '

3-1

$1

(N. Y.)——

New-

50C

.7 %
L-—
Mickelberry's Food Products^ com. (year-end)
$2.40 preferred (quar.)
Middlesex -Water Co. (quar.)
Midland Loan- & Savings Col (Ontario) (s-a)
•

(quar.)/-

•

"'

; 12-31;

25C
''

■

3-15

.

3-1

$2.50
"

'

12-15

't,

4-.

$3.50
:

12-15 :

$1.75

Junior-preferred; (quar.)__
preferred series 194Q
preferred (quar.)—
preferred (quar.)

"•

1

•

2

$3.50:

—

6%

-u!

12-15

=

2

1-15

.12-2$

/.//./lOO;/

■

Michigan Public Service—

6%

2-

/

$L04
Neptune-Meter Co., 8% preferred—j——
New England Fire Tnshrance- Co. (year-end) ' ; •: 25c

.

r

12-15 "

$L25.

4

;

;

,

12- 6..
l

//: 1-2:

25c

'

: 1-

35c

20c

MetropoUtan Edison .3.9% pfd. (quar.)-*_
Metropolitan Paving Brick, 7% preferred
1
MeyerrBlanke Co. 7% preferred (quar.)
$6

12-14

12-24;
12-24

25c

v

12-17

14C

$1.50

.

12-17

2

1-

39c

12-15

25c

.

■12-20

2

$1.12 Va

(quar.)-_:_i;^.....

1-15

12-27

75c

l-

1- 2

'

(quar.)^^^

preferred.;

12-10

1-2 '

,

12-31

(quar.)__

Merrlmac Hat Corp., common
Mesta Machine Co. (quar.)

12-28 '

12-31

,

+30c

Merchants Fire Insurance Co.j 7% pfd.—>
Merchants &. Miners- Transportation (quar.) _■
Merck & Company, common

1v

& Philadelphia. Dairy Products; (stock diyideodJ/,//--/-* w *... ■} fa«
.1-2/ 12-15. ;
"Oue-share of com- -for each 25 shares held
(,
?
'
1- 2,
12-15 / ;l-'/'/$4/50
v.-. Quarterly ,*
.'*• 13c
:is(t"*prefer*ed'''(:q«at.)//-////—2.
/ '$4- non-cum.: 2nd preferred—_—/—4-,— '
12-29
12-7"'
New Eligland .Tel. & Tel.- (quar.)_—: •'( $1.50
,
,. $1.121 ;*?-20 ;•
1- 2- -) 12-11 /
Philadelphia' Electric Cd., common, (quar;)^/,; /, 30c ,-12-31 V 12- 1 :
New-Hampshire Fire Insurance Co. (quar;)
*
40c
1-' 2'
30o
12--11
$i preference common (quar.)——w—— / .-,25c , 12-31 .12--1
Bpeeial.
,r ■ •"
New- Havett -Water (sra) u$1.50 f ?r^l-l2-f 12-16. ■
VPhttffdPlphrta" Elec. "PWr;,- 8%' ytd.'.(bUar;'50C,v
X
12-10/:-12—4-- :
V New-Ideaj,'Ind., common (quar.)-"-i/------ ;
Philadflphia Suburban TTansportatioii— /
^ 25d-^13-29/
/ ; * —
12- 4
•"$%..profcxred (quar.)-—/—"—//—/-//"/"62VaC-f.., -Lr.*'m-w
;
-Extra-.
:Jl
L—- -15c-. 12-29 ■
12-27 Z-12-14 12/ 8 /
Philco: Corporation (year-end)—-;/ ./ 20c.
v>-*"
New-Jersey Poweridt Light,-pfd. (quar.)$1' v.1^ 2'/• 1-15/12-31^*
12-15 v
PhiWp Morris to Co.; Ltd,/"common—-/// /" TTVfrc
.yNew .London- Northern RR._(quar;.)--~--;-/v»/' / $t.75- >12-27
2-"'L"/-/ 1--16'
'$% preferred
'•/." Jgxtra ■-50c .
l'-!-2'> 12*15 '
.i;i5// /*'L*- 2 /
,
New Process- Co^- (year: end)
: v. $I.50>:
12-27 ' 12-14f/ ;/ Phillips-Jones Cori?.,; 7% - pfd," (accum".)'Z4////' / ',$1.73.
/ /j'.')/"!''
a- 2
*12-14.
/'New- Yo-rk;Auction/Ort,~Phoenix Insurance, Cd.,;(Hartfor<t) (qqar.)//
-.////^-/' -/.
),v t■■ -1, >-j 50c
12*10 :
; j i/'i:// 12-14-v.
Stock diyidend^_'-_£.—"5 %i"f'"/1-22"
,

12-15

,

«■-

•

1-15

$1.75

——.—

Co.-

7

12-

7 v
12-12*'

50c

(quar.)4

$1.40

25c

(s-a)

Natioii-Wide / Securities

;

1- 2

■

preferred (s-a)___
Mercantile Stores,. 7 % preferred
(quar.)

1-.2"

62 /4C

5%

6%

-

1- a

50c

$1.25

Pennsylvania Co. for Insurances on Lives &
Granting Annuities (qtiar.u
——
'. Pennsylvania Edison, $2.80-pfd, (quar.)—*
$3 preferred (quar.)_-—_———
Pennsylvania Forge Co—/
Pennsylvania Glass Sand Corp., com. (quar.) 6%• preferred (quar.)—
./
—
Pennsylvania Sugar Co,, 5% pfd. (quar.)—j Pennsylvania Telephone, $2.10 pfd.- (quar.)_
Pennsylvania Water
Power Co.—
e

4

10%

12-15

'/-i-^

,1-2

t'/V IOC '/
.

12-15
*

,'T-- 5VMF-24.

•

-

Common
:

1-1

-; $1
$5/preferred (quar.).
$2.25
12-' i /
/- New.YOrk.Chidago;& St. Louis RR.—
>
1
12-22
,.
$6-preferred-A'-(aceum.)_l._^i^'--^»w--r •.. $3

,

1-1

$1.50
1

conv.. 1st

1

12-20 /

1^2

X-15 /

pfd. (s-a)__-_
partic. pfd.,
:
Mengel Company, common (quar.)
Melchera

12-

;■ 12-18 v:

•

,

75c."

(guar.)

conv.

Extra.

1-2

25c'

t-

'5

■

1-15
12-28

- '
•
; K 1 -a$1.25
preferred (quar.)__-,
McManus Petroleum, partic4 preferred (s-a)
*3,0c
Mead Johnson '& Co. (quar.)
'-'75c
,

/':1-".2V'/

*43c

12-15 :

"

■

$L50

McKinney; ^Manufacturing Co^—

.7% preferred (a-al
Meadville Telephone Co.,

;

12-15 :

•

12-20

12-31

McKesson,&" Rebbins, inc.,-$4 pfd; (quar.)
5%

,:

,/

Patchogue-Plymouth Mills, common
//"///
(N. H.), 6% pfd. (s-a)—
Peninsular Telephone Company-—

12-11*

*50c

.

.62/4 c

; >

(quaj.).___v-

MteGraw Electric CO.„.(extra)*v^^_,^_^/.
MeBatyre Porcupine -Mtoe$, Ltd; (ektra)l_"_ /'
class

l-V'2
1-12

.

,

/l.r,2/ ' 12-24

!

.

7

'

j
_

(quar.)'—/—iz:—^

Nehi Corp/ ./quar.)

^t;

-preferred (quae.),
McGord. Corp4 $2.50 preferred

"

11-13

"1-2

87/4C

■

Ligttfing

Telephone & Telegraph Co.—

-20&

^

Peerless Casualty

12-15/

;

:4%:% ; preferred; (initial quar.)
$2 preference (accum.) u_—

:

12-10

12-10

li-13

t

$1.37 Va. ,..1- 1
;: 37Vac . L- 4- L

Park Utah Consol Mines./———/_/—/—-

'X

1-15

...

Safety Bank & Trust

National

,

12-24

;

.

".1- 2

National Steel .Car Corp..'(quar.-

-

42-10 v

12-24/

50c

1

,

12-15

30c

National Sugar Refining-—a---/-//—
/ 35c
National Supply
Co.—
'"•■'VJ'' r•'-'//

12-17 V
12-15

12-24

$i'..

•6%

9a, Co.

12-20

•12-24:

34c

MeCoU-Frentenae Oil Co., Ltd.—
Common <year>-end

2

1-2

37 VaC

u

National Standard Co. (qiiar.)^—

;

";

' 12-15

12-24/

2c"

';;vi5cv'
*'! 20c

M«ssachupctts, Plate <Hass Insur. (Irreg.)

(M

-

;

'Special Vr---1-—1ZJ.-Z21Z

McKee

1-

Co.—

^National Screw Mfg: Co.

,

(year-»end)--^4-.','

McCaskey ^Register Co;— ■ •;
Preferred1 '.(initial/ qtuur;).^

National

-

'

"

^

,

;

12-24 "v/
T2-*l • '

1-

Common:

d%

Ami

'

,

12-20

-

Lead

preferred

$7

12-20

1-15

1-15

.

—

;

/

12-31

1

•

■

1-

(year-end)*
/.../-/'///- /* $1.75 $1.50
preferred ■v(qimf.)4/—/„—'////////h//
Pacolet Manufacturing Co., common (extra)- V//: $1
, *31V»c
•
Page-Hershey Tubes (quar.)——_/——
25c./
Pah/American Airways Corp (irreg.)——-- /
Panhandle Eastcrm Pipe Mines,/;•//.>:. v/v;^Y/
■/;
31 ;
4% preferred (quar.)4—/———4—
;
'/:«•' $1 '
Paraffine Companies,. Inc., 4% pfd, (quar.)
•

•

National pressure Cooker
'"National Refining/ 8%' preferred

1-15

■

•.

'indemnityCo.^ (quatj-h—///---/-/

PacifiC

"

.

,

•

12t15

2,

'

Massachusetts, Investors .Trust (special)
'•

12-15

investors,' Inc.—

:

M5'*

1-2;

'

1*

Cbrp., $5>"pid. (quar.)~4/-V
Pacific Public Service Co., common (qUar:)-

12-31

1-

50c;

_T:——-■■■

$5 preferred (s-a)

-

12-. 1

/12-15 :

1-31

*$1.25

Year-end
,

end

Common,

12-15 "

;

2

•

•

12-14

1-2

Co., common__:__^y.
:
$1
preferred (quar;)__-__/™__^__-;„_/
VSl^SO
Martjme Tel. & Tel. Co., Ltd., com, (quar.)
ill Vie'
7%. '.preferred (q,uar.)^--.c———117feef
Ltd; 5%' preferred -(quax,),
Maryland Drydock. 7%. preferred (quar.)'-,.,/.

12-15

2

Pacific

Pacific

12-15

12-28 ;

91.75

pfd. Class C

(quar.)

•6% preferred Class B (quar.)—
National Linen Service Corp. (quar.)
—

12-10

1-

40c
30c
$1.06(4"

Marven's

12-31 "

2

1- 2

6%

Massachusetts investors Second Fund—"

"'Year

-

1-2

Marshall-Wells

Martin-Parry-Corp;

12-20:

1- 2

1$1.75,
50c;:

Corp.-

& Sons,. .Ltd.

2

1^ 2

■

-

12 Vac

__—

National

1-

' S$6

60c
50c ■*
15c
$1.25

quar.)
'4%% preferred (quar.)_^_______;___„_*u;

;'

"

1-.2,/

1-2/'/

preferred

2nd

75C

,

Breweries, Ltd., common (quar.) /
preferred (quar.)
Cor (quar.)_r.^_'_-/_^//.__National
Cash
Register
(quar.tl/—
National Casket Co., Inc., $7 pfd. (quar.) —
National Container Corp. (stock dividend)—
National Enameling
Stamping______——
National Fire Insurance (Hartford/, (quar.)
National Investors Corp.
zzzz—

12-15 y

'

1-11

*50c

Pacific Greyhound Linesf. convertible pfd—/

12-15

1-15

1*

/

37 Vac

'

—

7%

12-15

12-31

...

National Candy

12-15

12-15

—

.2-

•;

-

21-31

.

cum.' prelerence (quar.) —4—/—'/I-,.
Gamble-Robinson (extra)—'—

Pacific

3-15 J

1-2

-

-

30c

.

-

National

8

12-26

30c

;

-

1-15-

12-31

$5.50 conv^ prior preferred (quar.)/———

/$1.50

-pfd.'/

National

,v

,

(quar.)__i^

Field & Co., com. (Increased

Oil Co;

12-

12-26

-.

Pacifie Amerioan

13-14 ;
12-174'

$1.75 :s 6-. 1

*70C

(year-end)——-

Fishories

Pacific; -American

2-15 >■

;i2'r27';-'

t";25c4:,''i2-«2ai:

,

':.(••

Mascot

12- 3 0

12-31

30c

Insurance Co. (Toronto)

Trust

Marlin-Rockwell

•

.

12-22

1-

.

12.-15

12-29 ;

»

4

At

/

•

//■■

System 6% ■ preferred (quar.)
(F. E.> & Brothers (year end)—

Nathan Straus-Duparquet, Inc.—
■6% preferred (quar.)"
Biscuit Co. (quar.)

/

12-31

30o

•$1,25

^,-.

N(ish-Kelvinator Cotp.
$2

12-22

2

2nd

non-cum.

Nashua Manufacturing Co., -7%

2

5c
50c

_

7

1- 2

(Initial)______, 1 /
25c
^
—.'25c-

12-24

•

1-21

■

Mutual

1-15

12-28

6%

v.

prior preferred

60c

;

12-22

1-

Investors

.(initial)

12-10

12-29
.

12-19

l-'2

,

America—-/'/^,^]••■'.■'/■//*•
"/*:/
•1.50 / 12-28T 12-20
preferred (quar.)
;
M tB
■"

Mutual

12-10

20%

-

Mapes- Consolidated -Manufacturing „<quar.)_
Marine Midland Corp- (year-end)
^
Marion Reserve Power Co. $5 pfd.
(quar.)

:

12-20

2

$0.265625

pfd._

conv.

(s-a) ■

(M.)

7

2

50c-

^

•

"12-14

5(4.SV'.-preferred '(quaav)..
—4$T.37"(4-/l-'-Y"1!'712-10;1
Corp 1 of America 4 % pfd. (initial) / '
: 42c i!" : 1- 2
12-20 ^
6%

Rubber—•

Tire &

Marshall

12-

1-

$1.25

,

(quar.)

.'6% '-'preferred'' (quar.)___l________^.

Marsh

2
2

1-

$6.25

,

12-24

2

2-15

Common

Mutual Chemical Co.;of'

{

12-15

Ltd.—
/ / /
(quar.); _^_-___4-4__--4-/-44-r-:
.J:1™
;5% preferred' (quar.^——, •.
Ciftter Tail Power ^Minn;)-*:-"44
'
■■'!$4i26 preferred (qua-r,1i
•$4.59 preferred (quar.)--44444i_-44-44-»-; $1.12,2. O.x./Fibre Brush Co.L.—t,--—.
25c-

'

Murray

.

12-31/

25c

/I/.///':
—

Manhattari Financial.Corp., CI. A (year-end4)
^
Class B: (year-ehd)_
(B.), Co. (year-end)

Marion

v

:

/ 12-22
12-15 ;
12-15

40c v

Manischewitz

Manufacturers

11-30

-3,:';

75c

dividend;

Mangel Stores Corp. common
;
Year-end

Mansfield

,

1-

$1.25

(stock

'

1-

,

12-15

12-14 /

'1

12-14 *

1-

75c

Ottawa Light,. Heat &• Power Co.,

12-15

preferred (quar>)__^>i____" J.^„/__i/-:'

Myers

(s-a)

(P. R.)

Brothers

.

.

1

$1.25

—_u_

$2.class. A

& Co., 414^

Mallory
Mandel

12-31
12-31
12-31

$1.50 partic

Inc.

preferred (year-end)
Macy (R. H.) Co. (quar.)—
Magnavox Co.
——.
Mahoning Coal RR. common—
5% preferred (s-a)
Mahon

$3

40c

12-7

82%et .'!-vU 2

(Special)--

1-2

2-15

? \b.%; preferred/•(quar.)„4-4-/-H44«.----444//!
Ottawa Electric Railways (quar. )444/-4)ri/-

:

5-15.
preferred;^(quar.)' .•;-/$l/75lv4-A'6A I
$L75
9-1' '•8-15';
(qhar.)
s
1-19
35c
4
2- 11st "-pfd. " (quar:)-12-17
Munsingweai-y Inc.1 (year end)- "-zzzt'pi^zz^ -;i$r";i2-2912-21/
$1.16%. >1- 2 :
MUrphy (G./C/) Co. 4% % preferred (quar.)
12-10 /
*20c
1- 2
Murphy Paints Co.; common (quar.;____„™

.

1-15

1-2-46

7

12-

$7 -preferred

12-17 *

1-23

1-

12- 7
'

$7

#

•

$1.62 Va

fcykens Valley RR. & Coal (s-a)__—
Lynn Gas & Electric (quar.

$7;

.

1-15

"

•

2

Muxiisiiig' Paper Co.- 5

12-26

25c

'

37 VaC.
(Ky.) common"
SL23
preferred $100 par' (quar./
5% preferred $25 par (quar;) /*/..zzz—zz:' "31 Ms C
Lowney (Walter M.) Co, (quar.)_—_; *12 VaC

,5%

2 '

1-- 2'

;,'40c:.-'

MUffller- BrassCoi (quar.)
Mulllns Manufacturing olasa

*

.12-10

.

'

/;

1-

1-

25c

.

12-14

*$1.75

4,4-4^-4-'—
*7%-preferred!' (quar;) —^^_r-_-44-4---_4_44-4 ;
Oppenheim Collins ;& Co. (year-end)-44444'
Orange Crush, Ltd>„ 70c conv. ?pref. (accum.)
Orange &- Rockland Electric Co.—

12- 7 J

1-2

.T-';2"'

$1.75

12-10

12-10 /

12-31

*25c

■■■■■'

'

112-15.

15c

•

12-19

12-31

*

"/Common '(quan.)1

11-30

1-15-

Ltdr.— •» "

Ontario Steel Products Co.,-

7

12-

1-2

.

12-31 "■

"12/aC

•

2

1-

59^e

common * (quar.)

12r28

12-j31
"

-$125

& Debenture (quar.)4/i44_44

'-Ontario.-Loan

12-15
12-'7"'

*$i:75

$2.50 conv. preferred (quar.)^_
__i,_
Morgan Engineerings prior preferred- (quar,)
Morrison Cafeterias COns., 7%
pldr. (quar.);
Motor. Finance Corp.. $5; preferred (quar.)--.
Mount. Diablo. Oil Mining & Development Co.

r.

12-17';

12-24"

500

,

fqxiar.)4~zz.,4///-/

1-

30c. •

-

(quarry

12-21 "

' '12-31'

$1

,
■

Locke

Lines,

Mtoore-McOormack1-

1Y-22

1-2-46V

„"$2*

1-15

•

2-1-46

7 *

•

$2

8% preferred (quar.>_—•.—.-4^44/--/>

'

1-2

81.73

preferred A (quar.)___—
•7%" preferred B (quar.
Moore ' Drop" Forging;
common_2_^__„/^_
4%%
conv,
preferred
(quar:)
:i/

12-11

12-31"

•

12-13

1-2

f. *66 J/2C '

7%

2

1-

7 *

12-1lr

25C

Omnibus Corp.; common (quar.)___/_—

13-15

1-15'

tSSMsC

(quar:)/////_,.;

C.orp., Ltd.,/common

Extra

12-13 f

75c

LOCK Joint pipe Co.,;8%

Moore

12-13

1

Liquid Carbonic Corp., 4 %%. pfd. A (quar.; ^ $1.12 Ms
Little Schuylkill Navigation RR, & CoalCo.—
-

*

•

12-27

50C

Co.

12-11

.

■' 12-271

:50c^

•

..Year-end

Link-Belt

1-2

$1.75'

J

pfd.tquar.;,—

1-22 "v

2--1''

-

2

1-

,

•

12 %e.

(quar.)
Liggett & Myers Tobacco 7%

12-

1-2'

-

•

12-21 -

12-81

5c

-

.

50c preferred

of Reo,'

12-28

-10c
\ Omar,' Inc.,' coiiimon___4--4>/__-_—'r_/./'_4''
< $1:50
46%
preferred ■( quar;:)_—4—4-4_//_4__444.;1

12-15

k

Holdere

12-24

'

*$1.20

•

,

2-22

.

When

Payable

Share

•
;

'

4-1-46

■/

-

^2^c
new "common—/—
«'■
"$5
Old-Colony Insurance,, (quwr.)
$15
'Special ■
4*^—44
.'—a//
15C
Oliri Industries, Inc.; -common 1 (extra1)4i-//;
•""•; ■ -$i'
v4%" -preferred' A; (quar.) w/x.4—.•^4-4-4/4 J

,

1-1-464

*$1.25

Assurance

Penn. -Public- Service—1
''87/20
pfd. (qunr.)4444/~415c
Montana-Dakota
utilities, -common
:4_.,~/$1.25
*5% preferred (quar.):
,Z
5ocMontgomery -Ward & Co., common -(quar.)
'$1.75
.Class A (quar.)_4,—!
Montreal Light Heat & Power Consolidated
*25c
*48c
Montreal Telegraph Co. :..(quar;)z4/;--Z4Zzz/. f'"-.

'

12-21

-Life

2-22

■

Ghiio' Water Service

'11-23V
*

4-1-46

*$1.25

_.,.+..Z4..z:

of Reo.

1-1-46

•*$•1.75

^Name'vt Company

-

Payable-

'

*$1.75"

-

-

Chemical $3.50

Monroe

12-21

12-31

IOC

(quar.)
(quar.)

(s-a)-' 1
Mbnongahela* West

^

12-21

5 % ' preference
5 %: preference

4———4__z

Canada)

12-15

12-31'

(quar.)

Monarch
•

11-19

1-12-31

"

8

12-14i

2

'-1-

.

10c
•

3

1- 2

f40c

-

5c

(.quar.r

7 %* : preference

12-15

1-15"

v

-31 %c

(Increased !—-.

—s

—

-

"

-1-

<

5c

Liberty Aircraft Products $1.25 pfd,' (quar.)
Liberty Loan Corp. Class A'iquar.U—
Extra ;

12-15,

i

1-1

25c:

,

Levy Brothers,- Ltd.(year-end.!,

.

Company

'Nume ot

JMonarchKnltting Col, Ltd., 7 fa pref. (qudrO

12-15

l-

,

62y2 c

,,/,4/^'Z

-

Corp.

,

ret

,

Hoiaert
'

.j

•

50c

>

i—

—

,

'

—

Company -(year-end;

Leonard

4

.

of Reo,

1-1

10c

(quar.) _/_/_/—/.,z_4'
•

Le

Payable

Shot*'
*'

&Co.y fcommoh

Leath

When

rer

Holier*
.

•

$14 .-•/!. I

1-

2

•

12-20

4

■i,

^Volume 162

-

4

Non

.

Per

Corp.,

voting.common

'

■'■When-

-

7%
original preferred (quar.) 1—
Puget Sound Pulp & Timber, common-^,—

12-24

$1.75

1-

25a

.

.

Name of Company

12-10

sSmith

(J.

12-10

-

'Smith

(Howard)

12-20

2

12-29

4

Per

of Re0

t

12-24

50c

(quar.)____,—;

Hoiaeri

Payable

50c

(quar.)

common

t

Share

Name of Company

,

Publication

-

6%

1 12r.l7

:

Kur.gerford)
Paper

♦quar.)-.
Co., common---—-4.1

L.)

(T.

$1.25

,

I-

12-117

.1^1

:

12-10

•

Solar
55c

12-15

United

1-30

12-31

0%

•

1-21

.20c

—

.1-

t62VsC

.

,

•

:

:125c

v

1-4

2-4
"*

$1.50
..$1.50.,

<

12-12

1-10

2*28

...

Corp.

S3.50

of

America

2-25

j
:3

1st

conv.

preferred

Common
6%

*

(resumed)

$1.50

1. "

'$7.preferred

93%C

'

35c

r

'

.

50c

$1.25"

1-

12-27

15c
25C

•

Engineering,—

—-

1-

••

2

2

2

12-

1-

2

12-

7

1*

5

12-20

12-30

5%

12-20

5c

L~—*1,,——L'J.

25c

■'

25c

1-

2

15C

2-

1

..." :: $7

»

15C

—

Reynolds Spring Co.——
—
Reynolds (R. J.) Tobacco, com. (year-end<4
? "Class B (year-end)—'—

'

*3.60%

t

preferred

(quar.)— -•—

Rice-Stix Dry Goods Co.—

-

Ricfcman

1-15

12-

Class

12-10

Standard

Standard Steel

Spring

1_ 1

12-10

Stanley

5%

1-

12-15

1-

$1.75

—

1

1-2

50c

State

12-15

1

Products

5%

12-11

12-15

12-28

12-18

1-

'

(quar.)——-

25c

25c

12-28

$1.25

-12-28

12-18

-1

5%

! &

Inc., common

Co,
conv.

5%

'$2.50

&

Valley

Genesee

4

>

l.

Hotel

'

■t

6%

Co.;

■k

\1-

(initial)

preferred

Root

Rubinstein, (Helena),
.

Inc.,

Ltd.,

Industries,

Russell

(quar.)-'

?

St. Lawrence
class A

$4

com.

12*27

IOC

;

:i99c

Lawrence

San

Jose Water Works, common

San

Francisco

Remedial

Loan

2"

—
•

12-22

1-

62VaC

-•

12-

2

1-2;

12-

1-

2

12-10
12-15

8
.

50c

4;

.

75c

(S-aj —

•

'

12-17

Scranton
;
^
■

12-29

"Extr8» 1
6%

i

rr ... „

1^

mm

preferred

1st

t~t

I— ~t

t-'-,

—

(s-a)

preferred

2nd

Securities Acceptance
1

(quar.)

Common

,

■

1-

2

12-4
4

1-18*

;1-18*

1-

2

1-

.

1-2

12-24

1

preferred

12-17

Selected Industries,

$5.50.prior
$1.50
Semler

conv.

(R.

Inc.—-

"

1
2

12-15

Top

Tailors,

&

Warren

1-2

12-14

1-

2

12-14

30c

1-

2

42-15

40c

1-2

.12- I

75 c'

V'

1*

V

2

1

12-

(initial

1
2

12-

8

12-31

•

10c

12-14
12-14

*

1-

56V»c

1

12-14
7

rl-

2

$62VaC

•1-

2

12-

10c
'

■

1-2

12-

2

12-15

1-

2
2

50c

quar.)

12-14

30c
1

initial)

12-29

12-14

15c

12-28

12-18/

___________

'

(initial quar.)
(s-a),
(initial

$1.37%.

12-

50c

Oil,

(year-end)

com.

Ltd.

Co.

1-10

Orleans)

(quar,)—,,

1-15

1-3

12-15

1-

12-15

$$1.25

-

2

7

(extra)

'

pfd

;« i- 2
1-5

$1.50

;

1-

,12-11

preferred

.,,w

class A

iquar.)

(quar.)

4%%

preferred (quar.)
West Texas Utilities, $6 preferred
'West Virginia Pulp & Paper,^.-,
West Virginia Water Service—
'

(quar.),l
;j__!

Western

Assur.

(quar.),,—

Department
Electric

Stores

Co,

Inc.

Grocers, Ltd, common
preferred (quar.)

7%

(quar.),

Western

Light &
preferred

Telephone

5°>r

preferred

A

Wheeling Steel

1-15

1- 2

12-31

1-

12-31

(quar.)
•

-

$1.25

common

(quar.)—1——

1-8

20c

12-24

$1.50

—

(year-end)

;

1-

1

2-6

$1

12-19
12-14

3

7%

Inc.,

preferred

common

8%

^

-

.

Wiser

1-15

Oil

Co.

12-

7

.-*

12-13
12-10

■

12-24

12-10

1-15
1-2

12-20

1-

2

12-10

2

>r12-26

ioc

j

$2

.

1-

1-

$$2.50

2

12-30

$1.50

.

.

1-2

25c

Co.
(year-end)_.
!-,
(payable in cash or stock)____

Year-end

2

71c,

•

Wisconsin Investment

12-14

7

1-

30c

V,

(quar,),
Ltd. (quar.)—
Winnipeg Electric Co, 5% non-cum. pfd
Wisconsin Electric Power, 6% pfd. (quar.)

12-

$1.75

^

preferred

12-10

2

12-27

-

30%

Wilsil,

„

12-15

1-

$1.25

(quar.),,

12-18

2

12-22

$1.25

(increased),-

V.;
$4.25 preferred (initial),^,
Will & Baumer Candle, common^

1-2
12-

Co,

Stores,

.

1-31

Shares (year-end)——
preferred—
—
Gas Corp. (increased!-—-

American

Servel, Inc., $4.50
Shamrock
-

Sharon

Oil &

Steel Corp. $5 conv.

pfd.

10c

(quar.)^—.,

Mining Corp. ..(year-end)
Power & Water Co._—
Creek Gold Mines (quar.)
Sheiman
Lead Co. (year-end)——Sherwin-Williams Co: of Canada, Ltd.—

Shattuck-Denn

$1.25"

-

10c

:

—_

.._

.

1-15

'

12*24

7%

■

f

1-24

8

1-' 2

$$1.75

preferred-dquar;)-^—
——
Dairies, Ltd., common (accum.)
40c
participating preference (s-a)__—
Silverwood Western Dairies, Ltd.

$30c

4-

1

(accum.)—
preferred (Initial

prioi

Twin

Coach

of Divco

»

12-10»

(stock

Co.

Twin

2-28

'

1- 2

li-30

'

12-26

12-15

12-26

208 South

Coach

Paper

12-26

11-15
I-15

-

8c

•

12-31

11-21

30c

(quar.U,

12-15

Skenandoa Rayon
5%
'

"

5%
1
-

-

Corp.

12-31

11-21

25c

1-

2

1-

2

12-12

12*31

5c

1-

Extra

5

$1.25

$6>

preferred

(quar.).




2

1-15

12-31

Co,

Ltd.

(quar.)
—!

11-30

12-12'

Woodward

Iron

Co. —

(quar.)
!-

1-2

.

12-20

2

12-20

1-

Woodward

Wool

held——,—

1-

3,

&

Lothrop,

12-19

common

12-14

25c

12-31

12-20

12-31

12-20

50c

(quar.)

—:—______

(quar.)

Extra

(quar.)___

12-24

12-13

2

12-18

——

50c

(quar.),—

62 %C

1-

62>/aC

4-

1

3-20

34c

La Salle Street Corp.

1-

3

12-12

Woolworth
..

& Co, Ltd.—
Amer. dep. rets, for 6% pfd. reg. (interim)
Wright-Hargreaves Mines, Ltd.,,

12-17

12-28

12r17

12-28

12-17

$25c

*

preferred (quar.)
1
Combing Corp of Canada, Ltd.

12-28

30c
$1.75

1-10

12-22

450c

Extra

7%

12-28

,

'

Extra

$1.75

ioc

—50c

Petroleum "Co.

$50c

'

15c

——.—:

.

Union

Carbide

Union

Pacific

Twist Drill Co.

12-15

1-

2

12-15

1-

2

12-24

$3'

5Va %

1-10

12-22

(F. W.)

5c

12-

7

ll- 8

$5c

1-

2

11-22

25c

.

V 50C

$1.50

12-28

12-17

12-28

25c

——

1-2

12-10

25c

2-

1

25c

3-

1

25c

4-1

15c

l-

2

12-

I2%c

Wrigley (Wm.) Jr, Co, (monthly)
Monthly
Monthly

1■

2

12-17

L-

2

12-17

&

RR,

Aircraft
conv.

Carbon

12-17

75 c

(quar.):—

(quar.)

—_——__

(quar.),,

Products, Inc.—
preferred

1-

2

12-

Monthlv

6

$1.50

1-

2

12-

1

"50c

12-28

—

13c

$1.25

United
.

United

Cigar-Whelen, $5 preferred
prior preferred
(quar.)—

90c

1-

4

31c

2-

1

&

.

;

Towne

Manufacturing (quar.)
Yates-American Machine Co, common

*

1-

2

12-35

1-15

11-30

1-19'

2-20

-

-3-20
4

1-10

—

Yale

—

12-21

,

York

*

United
-

"

Common

1-

$1.25

——
------

Sloshe-Blabon Corp., 6% pld.. Class A (s-a)
(L. C.) ^ Corona Typewriters. Inc.=—
>:

$$1.75

25c

——

Manufacturing

Woodley

62V2O

Quarterly

United
—

Woods

"

5C.

-

preferred A (quar.)—
prior preferred (quar.)—-

12-20

share

Udylite Corporation
Union' Bag & Paper
1

1-10

$1

--

-

^

•

Extra

12-20

2

2

'

$$1.25

*-

Corp.—

2

1-

————

quar.)
dividend) one

common

Union

Simplex

1-

Corp. common for each 50. shares

Twin Disc Clutch

2-28

1

4-

$20c

i_

preferred

5%

12-31
■13-

25c

$1.18 %

^

l.Tuckett Tobacco Co, 7% pfd. (quar.)_—_
Twin City Rapid Transit Co.—

7

4-10

r

Silverwood

5%
preferred "(quar.)——
Simmons-Boardman PublishingCommon
(year-end) _———

$3c
1 ViC

Tublze Rayon Corp, common
43/i%
preferred (quar.),

of

$7

:

2-25

$23c

Shawinigan
J 8heep
;

1-30

'!

l-

•12-1
♦

'

'Selected

1

12-27

••

50c

Water

1

2-

1-2

75c

Year-end
Wichita
Wieboldt

1-

75c

(year-end)
$5 conv. prior preferred (quar.)
VWhitaker Paper Co. (quar.)
White Motor Co. (stock dividend)

.

1-2-46

25c

420c

Co, (quar.)

2-

2-15-46
...\v

•

;

2

2-15-46

75c
$1.25

W

(quar.)

Corp,

12-14

12-20

5

$1.25

Ltd. .(quar.;

(Wheeling & Lake Erie Ry.

1-15

1-

$1.50
v.

(quar.)

Inc.

12-14

2-1

(quar.)

(George)

1-15

75c

(s-a)

com.

Stationery—

preferred

Westmoreland,

12-20
12-26

31V»c

Ry„

(s-a)
Western Pacific RR, common

12-27

2

J$1.75

common,,

i

5%. preferred

Western Tablet &

1-

12-31

175c

_•

Co,

—

12-15

1- 2

50c

'

.

1- 2

(quar.50c

Western

12*15

'

$$1.20

(year-end)____

12-12

1- 2

'

"

$1.12%

(Toronto). 12% paid (s-a)„,

Western
Western

■

.

12-20

' 12-24

'"

■

,

1-17.

1-15

20c

-

1-17
,

1^-24 ..*12-10

$1.50

'

(

-.

12-17

2-15

$1.12V2

*

$4.50 preferred

12-14'

Light, Ltd.—

(quar.)—

'

2

50c

(resumed) __"

common

40c
10c

■

12-18*

12-20

2-15

42-20

$25c

•

,

12-31

12-24

40c

12-17,

12-31

12-31

$1.25

1>

12-17

2

12-31

1

$1.35

(year-end

:

Co.

12-

2

1-

$1.75

preferred

Penn Electric,

6%

12-12

1-

12-24

-

t$1.75

7%

12-20

12-24

12-

—"
$1.50
if
7% preferred (quar.$1.75
■West Penn Power Co,, common (quar.),
-30c

"•West Kootenay Power &
( West

(s-a),.

common

,

(interim)

Corp,

preferred

12-10

2Vac

—

Oil

2

$7VaC

—

'(Ontario)

12-17

1-

10c

-

——„

(quar.)
(New

1* 3

20c

93%c

1-18

2

1-12-

12-20

2

1*

.12-15

5%
1-

2-1

$1.50

(quar.)

1-18 4

2- 1

1- 2

12-15

$40%c

12-17

33%c
(quar..)—62V2C

$1.50

12-15

(accum.)—!

12-22J

4

12-15

12-14

12-31
12-31

2

1-

Co., $1.35 Class A (quar)

& Seashore,

Jersey

5%

12-28

"

12-18"

1-

1-2

5

25c

1-2

v

50c

^

25c

West

2-1

$1.25

12-15
.12-15-

$3.50

quar.),,

-!& Snowdrift Co, Inc—i

Wesson Oil

12-15

12-21

$1.12%

Corp.

Inc.

12-29

1- 2

12-15

1-

1-2-46

20c

2- 1

3*

1-

1-2

$1.75
(

12-27

11-27*

2

12-27

$1.12%

e_-

11

II-27*

1-

50c

12-20

90c

12-20

50c

12-14

2

50c

2-* 8*

2-28

$5c

1-

'

7

$20c

12-

12-14!

12-24

.'■/

12-17

1-

1-15,;
12-15;
12-21

"

1-2

60c

Wellington Fund (year-end)
Wellington Mills, Inc. .(year-end)

12*15

12-31

% .1* 2

12-14

1-'2

62%o

(reduced),,^.

com.

gtd.

12-24-.

$1.75

iquar.)
preferred (quar.)

1-10

1-31

Wayne Knitting Mills common
6% preferred (s-a)

10-29

2-

c

ioc

40c
$2.25

iquar.),^.^,^,^

1-15

1-19

.Waukesha Motors Co. (quar.• 25c

12-15

12-29

.

$1.25
62 Va

.

' 1*' 2''

25c

Pictures

Brothers

•Weston

Ltd.

Brothers,

Trunz,

12-21

1-

12-29

•

25c

Traders Finance Corp, Ltd. 6%

$6

12-12

2

RR.

Bros.

$2.50 Class B

12-20

2

1-2 :

'

62 Vac

Inc.

TorringtorxCo

42-18

1-

75c

-,

1-

■

43c

(resumed)

Tri-Continental

1--2

Co.

'Wayne Pump Co.

4 ''r'-76c

:•

—

1-31

'25c

'

4$1

Goods

7%

1-15

75c
'

(quar.i$1.75

(quar.)

common

preferred

River

12-14

—

Stocks,

2

-1-12

%

2

(initial)———,

new

Export

12-18

12-28

5 Va

Ware

3

10c

Allied

■12-14

81c

12-

Co,

Baking

1*

$50c '

:1

4-15.

7-15

preferred

class A.

Dry

Watch,

12-17

8-1-46

6%..preferred is-a)_•Ward

12-18

2

10c

&

2

20c

-

.•

8

12-18

Warner

—

Products

1-12

$1.12 Va

12-

$2.50

Denver

Walworth

12-15*

.

Guarantee

Mtge.

12-24

1-

Walker

(Waltham

:

1-1

preferred

20C

1-

1-2-

$1.T2

;

1- 2
5-1-46

37%c

*

25c

V

8

Co.

12-21

2-1-46

Agricultural Co, Ltd._>_„.

:Walker &

8

•12-31

$$3.25

(quar.)

common

Trariswestern

$1.37 Va

1212-

1-2

■

(quar.)

Associated

-Trans-Lux

•

;

preferred (quar.)——4—_
preferred (accum.)——-4—
Inc. (extra)——:——.

2

1-2

1-

V

-

preference

Toronto Mortgage

-

12-15

1-2

Weialua

1-10

12-17'

:

37VaC

System; Inc.-(quar.
7%' preferred iquar.)

12-20

10c

preferred

Water

/"Tooke

■

B.)

—

Tobacco

12-15

1-

•

12-15

1-25

r4i.75c*(,.;
v>" 15c

(year-end)

common

Tobacco

12r17

1•

62c

(quar.)—————

12-31

1-2-46

$1.25

___j—i.

.

conv.

Title

,

$2.50 prior

12-15

12-17

12-31

Waldorf

2

$1.25

-

(quar.)———,
Tilo Roofing Co, Inc.
(extra)
Tintic Standard Mining Co.,
Tip

12-17

,

12-17

1-

■; y

(quar^)

Thrift Stores, Ltd.—
6^% conv. 1st preferred

'

12*31

i- 2

Corporations. .Ltd, Class B (year-end)
Fruit Co. .'(quar.)———,—---

38c

12-27

$1

4-15

.12-

7

.12-28

"

Corporation

Less

30%

•Transfer
1-15

•

2'

11-28

12-28

62%c

!

(year end)_,
(accum.),,

common

Ltd.

(Western New York & Penn.

12-10

12-31

Wabasso

■

■

common

prior

$3.75

12-20

' 12-31'

Wagner Baking Corp.
$3 convertible prior

;

12-10

31V4C

preferred A (quar.)
5c
Corp. General, common—_——
$1.50
$6 preferred " (quar.)_4—-—•—:
■•:•' $1.75
$7 preferred (quar.)————.
25c
Seiberling Rubber, common
(year-end) —
$1.25
/•*' 5% class A preferred (quar.)
——
v

12-15

12-20

Cotton,

12-29

35c

~

pfd.

12-15

—

1

12-27

1-

12-20

2

12-28"

35c

,

(quar.)

'•-« '*

7%

Co.

12-31

25c

1-

-

$3 conv. prior pfd.

■

v-

Detinnlng

12-15

•

Securities

v'l.'■

Vulcan

1

12-15

12-24

Corp,

Extrsi

12-20
12-20

2

12-15

2

Vulcan

2

1-

Tide

.

10c

12*15

1-

■43%c

.

Corp.—

—;

•12-29

$75c- ") -1- 2

'1-

12-15

12-28

,;:,X $14

$1.25

——■

Ltd.

12-21.

1-10

—_____

$$2

12-15

1-

$1.75

>:

(quar.)__:

-

(s-a)

12-31.

12-11}

37%0

31V,c

'

2

1- 2

$3.50

preferred

7 Vac

—

45c...

$$1.25

•

\

:

12-15

50c

—

6%

87 %c

(initial)

preferred

$2.50
5%

12-15

2*1-46.

$3

(s-a)

12-15

;

!_____,^

!

.Thayer's,: Ltd.. $3^0 preferred (accum.),
Thompson Products, Inc. (year-end)—,
'Thrifty Drug Stores, common (initial)
41/2 % preferred A (initial quar.) ,—

12-14

25c
■

5%

■>.

.

2-1-46

$1.12'A

——-

(s-a)—
t
3 y2 %
preference (s-a) —
Scullin Steel Co. (year-end)
7%

■

Inc.,

Extra

1- 2:

$1

Paper Company,

$4.50

12-15

•1-

Ltd.

(year-end)—

Textron, Inc.,

$4 preferred (quar.) preferred "(quar.)—
—4—Scruggs Vandervoort-Barney, Inc., com. (s-a)
Scott

12-29

75c

(quar.)

.12-2^

12-31

(quar.)

"

.•

50c
(quar.)
—
'V
$1.50
Electric, 16 preferred (quar.)—

preferred

■

Canada

1-2-46

$1

1 quar.i

iquar.)
preferred (quar.;,,

6%.

:

—_

12-21

'■

20c

(year-end)

$2

Common

1

.

(.quar.)'

.(12-11

year-end),

1

6%

2-

V'.;$75c-:"

of

Gorp
(quar.)

Works

12-14

•

—

"1-16

1-2

10c

.'"Virginian Railway—

12-24

•;

I,

Textiles,
4%

for each 10 held—

one share of common
Scovill Manufacturing Co.

Chemical

12-18

t,

2-1

<

$1.75

12-18

.Texon Oil & Land

1-10

12-31

$1.37 Vi

12-20

f

12-18

$2

$1

iyear-end)

common

.12-17
12-17
12-18

5

12-29

25c

-

iquar.)

2-15

$25c

preferred

Corp.,

■Extra

12-15

1-20

1

\

Class A

12-20

1

$1

Victor

12-22

1*

1

62%o

iquar.)

37V2C

Steel
Co.

preferred

12-27

35c

:*

■

2

3 2-24
12-24

-

410c

Co.,

preferred

12-20

1- 2

1-5

Ltd.

Tool

-7%

:

Petroleum

preferred B

12*27

25c

Co. (year-end)———-!
Inc. (year-end)
—
Bchenley Distillers 5Va% preferred
Schwitzer-Cummins
Co.
(stock
di\idcndi
'i One
share of
new
5 '4 %
preferred for
each Ithree
common
shares held
and
Brothers,

Vlchek
.

12-10''
12-10

'">
1-15 ' 12-20't;

S3
$3

,

.42*10

1-2

62%c

Mills,,,,,

$5.85

(quar.)___
(quar.)

common

Co.

Cotton

preferred

12-29

—

Teck-Hughes Gold Mines (interim).
Company (quar.)—

'

Electric

Sangamo
Sanger

Mohawk

«fe

•Ventures.

12-21

.12-21

1-3

■

\

iquav.),,_,„

Co, com. (quar.i,,
iquar.),
Cap, 8% pfd. (actum.)

Metal

1- 2

37V2c

31%c

•Texas

12-30

nv'ac

1-

,

•

17%c

Tobacco

Viau, Ltd, 5%

12-15
•

1-10

„

25c

—

8

12-31

$1.25

iquar. i__—

(quar.)——

Ban-Nap-Pak Manufacturing

41-15

V

2

Leaf

preferred

Utica

12-20

1-10

'

1

12-15

12-27

$1.18%

,u.„,'

(accum.),,

com.

12.

100%

iquar.)

1-31

2

1-

•

1

1-

*4;4.$3 v

—

12-22

$75c

12-10

3-

$10c

3%
preferred (quar.)_
Taggart Corporation, $2.50 preferred (quar.)
Talcott KJames), Incj com. (quar.)
'Yi;; ' Extra SiX.:
4Vz%
preferred • iquar.)—
4
;
:
Tamblyn (G.) Ltd.,,common (quar.l_,
Preferred, (quar.).Tampax,
4a,,-,,,,.':

-

'":f:l-i5

$23c '

•2

preferred

12-15

1- 2

$10

5% prior preferred iquar.i
Upson Co! (year-end),—
Utah-Idaho Sugar, class A pfd.*.

•

Tacony-Palmyra Bridge,

6

12-31

1

;2-1
.

Assn.

$4

1-3

$35c

(tptar.i---- "

12-17

50c

$ylvanite Gold Mines.

.

ifluftr'.)———————- :
Corp., Xtd.—
/
j
' \i\ -:
pfd. (quar.)
Paper Mills 6% pfd.

7

"12-

8%

1-1

-

$15

.

Universal-Cyclops Steel Corp. .(year-end)..,,

12-17

2

$10c

i

Sylvania Electric Products—

7

12-

■12-12

1-2

$1.25

.

conv.

12-

12-27

12-27

t>a>—

(*ccum.)
St. Regis Paper, $2.50 prior pfd. (quar.)5% 2nd preferred (quar.)—
St.

•

t30c

Corp.,

Assurance

Superior
Swift &

21-12

2

.

-•

Mills,

Flour

preferred

$1.50

12-17

1-

$$1.75

:—-

Safety Stores, Inc. 5%' preferred (quar.)—_
Saguenay Power 5-%% preferred—^
Lawrence

12-17

1-2

(quar.),,,
:

Machinery,

preferred

;:-Q$50c^

Life

Supertest

"

$1.12 Va

*■'

7%'

2

old stock

,„!

conv.

Shoe

Universal

12-27
V 1-

■

.—$$2

common—

7%

cum.

6%

I-lT

2-1

—

12-20

1-

Y.)

;

12-17

(year-end)-_

Chemical

Sun

12-20

2

(N.

dividend

12-31
12-31
•

12-15
12-15
42-22

-

.

(accum.i,^..

4

1- 2

62%c

12-15

75c

$4.50 preferred series A ♦ quar.)
Sun Drug, Inc.
(year-end

2-15

12-14
12-20

1-

25c

preferred (quar.L—
Ryan Consolidated Petroleum Corp.

St.

"Sun

5

—

*7%

•

2 : >12-10

1-2:

$6

Trust Co.

"

Common

12-15

2

1-

S.

-

Printing «fc Lithograph Co.—
preferred
iquar.

2

$$1.25'

Stokely-Van Camp 5% prior pref. (Quar.)
Strawbridge &-Clothier, 5% pfd. (accum.),
$5 preferred
(quar.)_____
__i
Stromberg-Carlson Co., common (year-end),

12-20

2-

S.

1-

l-ll-

..

—

:

12-311- 2

35c

1-10

6%

50c

,

50c
$1.75
•

.12-26

United

$1.75

(quar.)—

12-17

50c

12-15

12-31

$85.75

*

.Stix Boer & Fuller Co.

•12-15

1-2

"50c

(quar.i—--—

com.

-

3-1

30c

;

common——

; Class A (quar.),—1
'Ruppert (Jaoob), 4% preferred

»

■■'4:

———

iquar.)——.

pfd.

$1.20

Co.

Petroleum

2

2-15

$1

(initial)——

common

2 •

preferred

12-17

1-2

12-20

50c

Engineering
Stores, Inc.—

Bros.

1st

6-15

4*2

$1.25

1-2

12-15

(quar.)

preferred

7-1-46

50c

2

(quar.)

(quar.)

3-15

$1.25

1-

•'

1-15

'•;■

n

preferred A (s-a)——
Co. (year-end)—,-. '

Brothers,-Ltd.,

•

12-15

4-1-46

-1-19

Upressit

(special)

'

.

1-2-46

$1.25

—

United Steel & Wire Co, Inc.—
4%% preferred A (quar.)

.

12-15

50c

^

Corp.

■

-50c

Extra,,

12-15

•

$1.25

X

Sterling Drug, Inc. 3V*% preferred——
Engine Co.__—

12-20

4- 2

.

U.

;

preferred

Co.

12-15'

12-15

.:
$1.25

United .Stockyards Corp.—1
.
70c convertible preferred (quar.)_____l,_,
United Stores Corp,.$6 1st pfd,

Sterling

12-20

'1-

$2

••

.

Roosevelt

6%

12-17

1-1

20c
Corp, common■ <quar.)- ;
•*"'4(4% 1st preferred A (quar.)
—
!. $1.12 Va
'25c
Roeser & .Pendleton, Inc.—
■
tl5c
Rolland Paper Co., Ltd., com. (quar.)—
$$1.50
/
6%
preferred
(quar.)
15c
Rome Cable (quar.)
;———

Rochester Telephone

2

1-1'

$50c

162Vac

is-a)_—4

RR.

v:4- 2-

>.

U.

1-13

■•ff :■sl

%

6

1-2-46
1-2-46

20c
$1.12%

12-31

$1.50

(accum;
Ltd., 5% pfd. (quar.)

Investment

Products

Sterchi

12-17

$50c

(quar )

preferred

-Rochester

■

1-

$1.25

preference (quar.)
Mfg. Co., Ltd. com.
(quar.)——

prior

Robertson (P. L.)
(

1- 2 '

$1.25

■

S.i

preferred

fSteel
-

12-15

"

(L.

-6V convertible

12-18

preferred <quar.ii,4-—
Riverside Silk Mills, Ltd. Class A "(quar.)44.
Robertson (H. H.) Co., 5% preferred iquar.)

Ritter
'

Works

Stedman

'

:20c

1

1-15

(quar,)4_—

Stecher-l'raung Lithograph

12-15

2

12-26

$1.50

pfd. (quar./—
(quar.)

6%

Corp.

Screw Co.

-Street

*

Works,

Water

Metal

12-20

2-

,:;-

12-10

■:

7

$1.25

,

1

rquar.t

12-26

•Starrett

Bros

Richmond
Rleke

B'

12-26

90c

53c

S.

Stock

Co,, Ltd.,. 6V:»% pfd. (accum.)
Radio, Ltd. class A (quar,);
:

Standard

7

•12-151

-50c

•

Playing Card Co. iquar.),,:
1.
Plywood Corp, common iquar.)__T_,.
Va % preferred B (quar.i
;,i.„
U. S. Potash Co. (year-end)

2-15

$1.50,

.Standard Fuel

8

12-15

20c

$1.75

1-

>

$1.20

partifcipating preferred

20c

—

10c

35c

u

V.Standard-Coosa-Thatcher

.

" 7 (s 2nd preferred ♦ quar.

\

(accum.)

1-2-46"

-

-

4

5%

tquar.)_
(Dallas)—

Steamship—

preferred

S3

.

1-15
4

2

12-31

4

3-1-46

i

"*

'
1 "
/
7%. 1st preferred (quar.).————^—-4.-*.. :

i

1-

25c

pfd.

12-

58%c

1

.25c

$4

12-13'

12-27

S.

U.

12-20

V

preferred ' '(accum.)—*—4-4^^4''".;

.$7

12-26

-

2-1

$1.50

(quar.)

A

•':t 40c

1-18

1-15-46

"

"

pfd.

$6

U.

$20c 2-15-46

(quar.i—L^preferred (quar.)

Sots,

&

.Standard Chemical Co.,

(quar.)—,
(quar.)

Republic Steel Corp.

R.t

Fruit

•Standard

■

6% .preferred A
6 % preferred B

(E.

12-29

50c

States Gypsum Co, common (quar.)
preferred iquar.)
States Lines, 7% preferred >1 s-a)
:

7%

common

convertible

Squibb

7

$1.12 %

*$4.50 preferred (quar.)———

1-

United

.

United

—iw,——

Special

12-10

,

.

preferred-i

prrtic

12-20

—.—-—i—

:

Square D Co.,

11-30

30c

$$

1- 2

44c'.

*

.

$1.12 V

12-18

1-

r

pfd.

Co.

12-10

12-20

12-18

12-28

80c

Life Insurance

12-10

2

1-15

—;

Elec., 5%

12-10.

2

$$1.50

Sperry Corporation (year-end)
Springfield Fire &r Marine Insurance Co.—

12-20

-

12-28

t$3.25

■^Republic Aviation
Republic Pictures, preferred (accum.)——
Republic Investors Fund— *./%:!!:; ^!.v>';.'.!.'''>:.:

j

(quar.)

2

1-

;

; >

: ;

,

11-

1-15

England Telephone Co. (quar.)Associated
Telephone
Co.—

preferred

:

(Quarterly.

-

"

.

j

New

Southwestern

12-15':

.!,«'*.t

Reliance Grain Co., Ltd.—
;t %
0% % preferred (accum.)
—
■Reliance Manufacturing Co. (111.) (year-end)-,
Remington Rand, Inc., common—.————

*'Renner Company

$6

*12-17

,

'

&

4

& Elec.—

1

2

37^20

tquar.)—4

preferred

; Southwestern

12-15

-1-2

20c

1-

34%;
-

Indiana Gas

Southern

12-20

>12-15

2

$1.75
<

>

Reliance

Electric

4;8%

r

12-15

1

2

12-21

of Reo.

•

'

Co., Ltd.— r •*.'•.
(quar.)——>

preferred

Southwestern Gas &

Reeves-Ely Laboratories, Inc.—
;
r :"
30c conv. preference
(s-a)—I,———

'

1-

Southern

12-14

1-10

.*

$1.50

2

>

4:. .11-20

1-

60c

■

1-

1-15

$L

(quar.)
——
—;
participating preferred (quar.)— i.—
.Southern Greyhound Lines .(increased)—.

t412*22

2 >

12-10

Routers

Payable

475c

prior preferred (monthly):
6.36% prior preferred (monthly),
6% prior preferred (.monthly)
United Merchants & Manufacturers, Inc.—
5%
preferred (quar.)___
5%
preferred (quar.
5% preferred (quar.)—j,
United Milk Products- Co, common..u^

12-15

3

Investments, Ltd.—
preferred ♦quar.)!

A

7%

12-15

2

1-

62%c
$1,12 Va

6%

12-8

1-

50C

2

1-

$2

Common

:

8

1-

": * $i •

Vl

11

1-10

*

original

;

12-

1-

i—

5Vs!% : preferred seiies C, (quar.)-j.—
.Southern Canada Power Co., Ltd.—

12-31

2 '

1- 2

'

preferred

5%

12-31

1-

pfd. ♦quar.)'

(quar,.)-—
Southern California Edison

•

_

Machine

1-25

"

50c

—

(quar.)

Button-Hole

8%

•

Purina

-Reading Co., 2nd preferred (quar.)r',ui-Vr_,;
Reading Gas Co. (Pa.) (s-a)—-—
Real Silk Hosiery Mills—
: 4
■ '
*'■
15 prior preferred:A (quar.),—
Reece

12-31

1-25 1

25c/

'

---

1st

Raybestos-Manhattan, Inc. (year-end)
Rayonier, Inc., $2 preferred (quar.i
•—
Raytheon Mfg. Co. $2.40 pi'd. (iniaal)i—,V'

^

12-31

1-19

$1

$1

12-17

1 "12-31

-w'-'f

preferred (quar.)
Co., common "(extra)
3%% preferred iquar.
Rath Packing Co.

.

2

1-19

*

1

When

Share

,v

Gold Equities
(Canada)
Illuminating Co
Light & Railways—

United

20c

_

(Sauth Pittsburgh Water, 4Va% pfd. i^uar.)South Porto Rico Sugai: Co., com.
(interim)

12-21

1-19
*

ioc
20c

Railway Equipment & Realty—' :•!

Ralston

10c
:

(quar>)

t80c preferred

1-

87V2C

(quar.;.

Railroad Employees Corp, Class A i.year-end;
! Class B (year-end)-

Carolina Elec. & Gas, 5%

,South

1-24

/

1-29

20c

1—

common

United

..

2-.

2-15

•»

United

.

$1.50

.

—

2-1

"

Radio

•13V4C

Fuel
class

12-31

.

convertible

Name of Company

12-22

5

.

.

preferred A (quay.)
•Sorg Paper-Co. 4-6% series B ♦accum.,i
6% preferred A (accum.)
South Bend Lathe WQrks (extra)

"

Quaker Oats Co., common (year-endjL,
6%•' preferred (quar.)„__——,i
Quebec Power Co. (quar.)

Manufacturing Corp.-*—

'Far

2

$$1.50

:

Routert

j,of Lee.

1-

-425c

.

3117

Payable

^

$2

preferred

Smith

When

Share

,

.

(quar.)
Mills, common

Co.

•

1-

30c

convertible preferred (quar.),.
Pure Oil Co.; 5% "convertible pfd, ('quar,i___
Purity Ploqr Mills, 6% preferred (quar.)—.
6<^

.

A '

i

THE COMMERCIAL & FINANCIAL CHRONICLE

Number "4449

Jamaica Income tax.
books

not closed

for

tPayable

In

Canadian

15%

;

funds,

resident tax.

;

this

tPayable in U. S..funds, less 15%
resident tax

l£C

tax
7%.

/;

dividend.

Canadian

non-residents'

deductible
a

at

the

Less British

tax'

source

Income tax

*

Non¬

THE COMMERCIAL & FINANCIAL CHRONICLE

3118

Beaubein

G.

General

Corporation and

&

.Co.,

J.

Investment News

C.

Reo Motors, Inc. (&
Net

_1

profit

!*Earns.
♦On

per

.$1,695,168
$3.64

$1,651,082

com.

-share

$3.40

Boulet,

$8.10,115
$1.74

Net

;share_——

$0.19

Earned

per

*Before

,

191,600
982,406

income and tcxcess profits taxes.
Federal taxes on income.

and

$50,442

670,860

670,860

$0.12

$0.07

._

7' '•

■•■!.,'

1

'

,

have

declared

;

-

■■

*

:

a

Oct. Si-

$945—Month—1944

revenues

4dduots.^

rev.

$398,457

,

■

7'-

,.■

■

■■'

:1

Fod.

excess

$4,965,511$5,019,676
3,119,479
2,991,976
115,678 •"
114,192
650,122
; '741(990

276,620 *

...,

^6,200

.

.

10,494

rv

59,000

41,210

...43,658

•

34,158

.

excess over-

.orig. cost-of ntii. plant
Utll.

Gfher

income.

oper.

income

(net)—

_

$575,379

,66

.

410,053

504,853

$63,277 >'
.

.

$32,246
21,945

-

Income deductions

„

v

declared

have

■

common

10.939

ager " of 4he
Shamrock Corporation, ' has been .elected ^President (tp
succeed C. E. Fownes II,. Ray C. Jqhuson .of AmuriUo, ihasUeen elected
,

' $761/466

■

22,425

•;

and

director.

a

Laurence' M.

•'

,•31,572

320,125

,

.

,

385,899

.

Marks

(New

.York)," ■Frank Tt.

.Ross
B.^JRogers
directors to replace ^William ,C. Foynes, ;jTr,;
Thomas Morrison/r-Eee also V. 162, p. 2990.

$586,317. «••". $783,89-1;

$63,343

also .continue ,as General (Counsel ;

and.;Treasurer ahd Twill

Secretary

(Pittsburgh.)and

Income

Gross

,$33,191
J9r945.

-

the

on

Cbanges in Personnel Apupunced— - .::
: •
•0«j. "N- Punn> of Amarillo, Tex;asf Vice, President and, General Man¬

Retire, res. Accruals and
amortiz. of

■■

a
quarterly ,d,iyttiend .pf ip .cqpts pqr
stock, par $1, payable $ah. 1 <to jlfoiders ,of,
recor.d Dec. 21. ;In ,each of "the four quarters .^u.ring 194$'. .,the com¬
pany paid a regular-dividend of .5 cents, ;nnd, in addition, dn' .extiijav
of 5 cents was disbursed on Jan. 2 and July
V''Of1 T".7
, 7 ^

directors

The

share

1945—12 Mos.—1944

•

$425,760

256,407

_

surfaxprofits tax

.

■

,

-■

I,

•

- •

Operating

orders -totalling

new

;p. "2824.

Fed. (normal Ac

total of $242,000,OOOof contracts
$23,00v0,00ft%w4re .hooked, .the
company ^.estimates. (Unfilled
orders on 'hand as of Sept. 30 ,are
estimated at $42,000(000 comparing
with a backlog of $290,000,900
as pf June
30, 1945.-rV. 162, p. 2686.
cancelled

v

42,0.69

r

___________

Oper.

During 'the,third quarter of 1945 a

were

.

directors

^liamrnck Oil & Gas Corp.—Doubles Dividend—

for Federal
fpr renegotiation and

tAfter reserve

share

shale

.dividend ,0f .25 cents per almre ,on
account .of accumulations on the $1,50 .convertible stock, pax $£,
payable pec. 24 to holders of record Dec. 14.
The last payment, a
quarterly of 37V2 cents per share; ,was made on Ndvi 1,1937. Arrear¬
ages on this issue as at Oct. T, 1945 amounted to $17.62 Lj jper share.
The
usual
quarterly dividend of $1.37>£ per share on the $5,5b
dividend; prior stock has also been deciaa-ed,'payable Jan. 1, 1946 tto
holders of record :Dec. 18,, 1945—y. 162, p. 2024.

$92,511

104.080

shares_J__—_______

capital
per

1944

1945

$182,530

provisions

Period Ehd.

for renegotiation and prior to provision

reserve

common

one

.

The

Savannah Electric & Power xCa..—Rariiings—

$

90,904,507 176,839,973 310,671.844.1
4,340,985
6,565,288
14,943,944
698,545
1,3:13,288
2,506,721
982,406
982,406
$82,406
$0.7:1
.$1,33
$2.55

959,600

capital shares—

Np. ,pf

$

$

28,948,279

Sales
_■
f Prpfit after .charges—
jtNet profit

the
of

International Utilities .Corp. common stock \on Ceach leii shares
of Securities .Corporation General common stock held.—"V, L62, p. 1326.
',

profit

—V. 162,

1945—9 Mos.—1944

-1944

$

of

2824.

p.

$78,450

tax

of

No.

Earnings—

194,5—3;J4os.

162,

Quarter Ended Sept.-30—
.>7
before Federal taxes^___^__;____i.

Federal

Earned

Eeriod End. sSept. 30—

the company paid cash dividends of
5 cents- each on
stock on April 2 and Oct. 1, and on June 30 a dividend

Greenshields

Ltd.;

Co.,

&

Profit

1942

465(000 shares jpf capital stock.—1/". 161, p. 2792.

Republic Aviation Corp.-

Thomson

Inc.;

Selected Industries Inc.—Resumes Dividend—

1943
$.1,369,230
$2-94

1944

Nesbitt

Pltfield & Co., Ltd.; Sa-vard, Hodgson & Co., Inc.;
McTaggart,, Hannaford, Birks & Gordon,: Ltd*;
Ltd.; Hamel, Fugere
Cie, Ltd.; and Lagueyx & DesC.

Savage Arms Corp.—Earnings—

Subs.)—Earnings—
1945

Ltd.;

Co.,

W.

Leclerc,

Rochers, Ltd.—V.

(Continued from, page 3080)

9 Mos. End. Sept. 30—

&

Inc.;

Rcne-T.

Monday, December 24, 1945

,

Benton

.bave i(beenAeleoted
C.. Eowpes II, ' and.-

.

R-.

/

.

..

7

•

.

"

Revere Copper & Brass, Juc.—Eunungs—

income

Miscellaneous

—;

r

14,880,400

10,840,000

$1,094,102
$0.57

$1,262,048
$0.61

$1,270,907
■ ■ »
$0.62

income

1,286;916

profits

excess

,

/

■"

_____

;■

•.;

.

"

■

-459,202

;"

Sbarpn "Steel Corp —Eaimings-r-Period -End/Sept. 30—

".;'■ :Vj

•

$2,129,924
$1.28

presentation

upon

.and

surrender

said

of

1

-

Schulco Co., Inc.—Partial Redemption—

7

All of the outstanding first mortgage bonds due Jan. 15, 1951, have
on Jan. 15, next, at 100 and interest.
Pay¬
the Manufacturers Trust Co.. agent of the corpo¬

been called for redemption
ment will be made at

9 Mos.

♦Net

End. 8ept. 30—

profit

.

.

1——

—

Earned per shares

1945

;

is

subsidiary

a

♦■Net

Earns,

tLoss.

-

,

-Nil

-V.

cents

above.—V.

Rubber Corp.

$0.68

*

$0.68

Paraffine

Companies,

Inc.,

$2,714.86T

$2,286,458

13.287

93,050

24,507

;v

72.243

28,569

1,940.000

T

75.000

""

•

.

$2,807,917 *$2,358,701

10.083

"

373,500'

;

560,000

200,000

$176;856 '

V

share—.

(2)

Prices

received

for

"

$0.26

by

the

-_

v.:

$167,388 ^
$0.24

1,630(000'
225,000

$843,409

" $475,133

$1.58

>

.

company

materials

war

the Renegotiation

-

S0.6A

,

certain

on

and

contracts

renegotiated

be

may

Act.

sub¬

under .provisions .of

y:,

(3)

Company .intends to elect to accelerate amortization so that
facilities will be fully amortized as of .Sept. 30, .1945,
may revise .depreciation provisions. * Such adjustments would
not materially affect the net profit for the periods above
.and will be
reported in ithe annual accounts,-r-Vl 162, p. 2519.
v

,,

emergency

and also

lv" "■

above.—V.

842,629

$799,184

A.—^

1' Net profit
Earn, per com.

gll

7^, ■'

•

833.277

8,066

contracts

Oct. 31, 1945, net income was $46,846, ,or 51
share; for like 1944 quarter, .net income was $37,265,
„■

-

:■

y

V".'.7

"

share.-

a

$812,471

373,500

NOTES—(L) The foregoing statement ;does-not Include ;the increase
in the equity of -this company in its subsidiary companies.'

' $73,160

161,

1136.

p.

Schwiizer-Cummins Co—Stock Increased for Payment
Stock Dividends Ordered—
7
7.
'

of

,.

.

stockholders

13

Dec.

Quarters Ended Sept. 30—
Gross profif
Profit after charges _—.c___

approved an increase in the.authorized

from 150,000 shares to 350,000 shares, which Includes
100(000 shares of $20 par preferred stock.'and 250,000 shares of $1
par common stock.
:
7

*

.

on

Sharp & Dohme, Inc. (& Subs.)—Earnings—

r

.

stock

capital

1887.

161, .p.

'1942

$0.70

$0.81

Merger Planned—■;

The

Hewitt

1943

$73,624

all'charges $nd -taxes.

common

a

See

162,

.

Robins Conveyors,'Inc.—Control Acquired—
■See

$384,921

r-

.

Reynolds Metals- Co..
V;.
\

of

092.

$370,819

-

,tingencies

-

the quarter ended

37

or

692,425

'

share_

V

7-

,,$77,290

.

274,704

481,500

-

'

1

:

1.

♦After

t$39,943

'

1944

$79,467

...

com.

per

Corp.^Earn,ingj—

1945

V

income

cents

1944

-

1,025,758
$0.25

,—..—

___—

■"After charges and Federal taxes.

NOTE—Company

6 Mos. End. Oct.,31—

,

For

$257,872

—

Number of capital shares

p.

Schumacher Wall Board

(& Subs.)—Earnings—

Richmond Radiator Co

259,542

Interest

;

55 Broad

124.500

">

guaranteed

$3(984,087

436,500

f

K~
124,500

$26,779,755

^22,795,66?

$4,358,144

$ 1,358,889
160,500

Fed. .and .State inc. .and7
excess profits
taxes—
„Prov. for. post-war. con-

have been called for redemption:.on Jan. 15 next, $133,125 of
6C<>
bonds, issue -B, at par and Interest.- payment will
be
made
at
The
Commercial
National Bank ,& Trust
Co. of New
York, trustee, 46 Wall St.,-New York, N. Y.—Y. 162, p. 608.

5% Bonds—

St.. New York, N. Y.
On Dec. 13, 1945, the corpora¬
tion .deposited with the trustee the sum of $241,088.75 for this purpose.
Bondholders may, at their option, present and surrender said bonds
at any time and receive the full redemption price, plus accrued interest
to Jan. 15,
1946—V. 162, p. 1176.

•:

145,500"

Total income

There

ration

$900,361

exps.

AIOS.—1944^

2.2(040(649

"7,610.980

14,102

gen.

'1945—-9

$8,9G9$69 $26,398,793
-

"

;•/. Profit
Other inqpfne

■

1945—3 Mos.—1944

$7,593,906

-f;

Sell., adm. &

certificates.—Y.
V-'""
"5

777

•6,693,545

Provision: for. amort, of
% special facilities ___^_

have

162, ,p. 2686.

'
f'f

;

Depreciation-

of

subagent,

V-

Rhebem Theatres Corp.—Calls

Balance

■

the 120,614 outstanding shares of ,5 '/ac cumulative .preferred
been called for Eederaption on Dec. 31, 4945, at $105 per
Shane and dividends.
Immediate payment of the -full redemption price,
plus dividends to Dec. 31,, ,wiil ;be made .a t the Bankers .-Trust .Co., 16
Wall St.,. New York, N. Y., or at The .First National Bank ,of Chicago,

12,200,000

-

«•

Gross? .sales v( net).______
Manufacturing costs _7_

'

Schenley Distillers Corp.—Calls ,51/2% Preferred Stock
.All

tBefore post-war refund of Federal
tAfter .post-war refund of excess profits ,tax.~r-V.

tax...

stock

162, ,p. ;2519.

stock

shares.

common

1896.

16.2, p.

-695.000

______

Common

—V.

714,693
1,39-1,363

916,904
1,286,311
1,000,000
12,600(000

:

Net profit
______
♦Earns, per (tsom. ..share
*©n

193,921
,2,061,245

232,396

2,110,332

Depreciation & amortiz.
Prov.
for .contingencies
tFederal tax ,on

Debenture stocks

135,479

156,718

109,080

116,170

charges

Interest, .nmort; ,pf...war
facilities, »etc.

$lp,301 :;
$31,771 : ; $266,192 ' * $397,992
preferred stock___„_2__ V:
60,000,
/■.- ,60,000
•.'•• ,84,498
'• 149,115

—

Dividends declared:

;I942

$7,648,128 $14,244,030 $15,195,666 $16,081,661
8,433,400
-15,161,294
17,230,840
16,571,459

after ^expenses-

Total

T943

1944

1945

$ Mos. End. Sept. 30—

Profit

income

Net

:

'

Provision

for

Federal

1945

1944

$4,095,621

taxes____i__

1943

$3,705,516
1,432,443;

1,636,962

1,102,000

$2,926,64^
942,783

-984,000

448,200

.

Rochester Gas & Electric Corp.—Rectification of Stk.

The

directors subsequently

shares
The

.New

York

Public

Service

has ..authorized

Commission

the

corporation-to reclassify all its preferred stock at lower dividend rates
and to retire 40,000 of the reclassified shares.
The

capital cnange will be the third within the last two years,

the
sa.d, and will bring the total" reduction of the com¬
preferred shares to $11,887,000. The company will have $12,000,000 in preferred shares outstanding,
compared with $16,000,000

dend

at

present.
The

has 120,000 shares of 6^ preferred now outstanding
and 40,000
shares of 57o
preferred. Under ;the Commission's order
the two aeries will .be combined into one series of 160,000 shares of
4% preferred stock.
*•.'""•
•
Retirement of shares will .be paid -for by accumulated surplus at
$100 par yafue, plus $5 per share premium.—'V. 162, p. 2823,
company

Rochester Telephone Corp.Operating

-1945-r-lO Mos.—1944

1945—Month—1944

$6,060,274
4,092

A,006,878

$5,741,002
3,315,394

1,024,130

379

,

$5,743,421

$6,056,182

$585,547

$630,568

.revenues

Uncollectible oper. rev._

968,856

2,419

of

to

revenues-

$630,189

Operating .expenses—
Operating taxes

462,565

$585(547
386,434

79,891

96,763

income-

oper.

income

Y. 162.

p.

$102,350

$87,733
55,637

__

,_

$1,025,174

701,674

687,137

Subs.)—Earnings—

"9 Months Ended Sept. 30—
1945
Net sales ——___________$8,863,401

Profit

before

taxes

r

1944

of

record .of Dec.

14.

on

15

Dec.

declared

a

dividend

„—1,303,965
takes (net)
940,640

1943

T,254,657

374,700

—

.

$363,325

shares outstanding

—

Earnings per share
—V. 161, p. 2115.

$351,872

$323,340

336,045

—

336,045

336,045

$1.00

$0,94

$0.88

-

25

cents; and Sept. 15 and Dec. 11, 25 cents each.-—y. 162,
Seaboard Finance Co., Los
Thompson, President,

A.

p.

$686.>r' >

;

that-this company

loan

total -personal

brings

Profit
-

Net

No.

operated iby (the company
to 50, located in 14 States.—V. 162, p.$824.
.if

*

1

'

•'

$

■

-1944

•$

"

''

1-19,039,753 109,684,195 848,469,101 821,066,525
The company announces that the sales In the month .of November,
-1945 were the largest for any November and ;the -second largest for
any -month in
the history of the • company, being exceeded by only
December, 1944, when sales amounted to $119,822,908—V. 162, .p. 2519.
____i

Prov.

for

1945—9 Mos.-—1944

1945—3 Mos.—1944

earnings___

$659,643

$596,119

$2,204,777

:___

366,703

329,839

1,174,162

.__

32,621

34,620
54,764

105,998

$2,019,797
1,035,644
109,294

167,511

162,524

Operation
Maintenance

56,366

.depreciationand
local

•taxes

(& Subs.)—Earnings—

♦Net

sales

_

__

■♦After provision

depreciation,
;162, ,p. 1325.

$16,897,380
2,166,995
1,254,787

__

Front after-costs and expenses—.
fNet income

for

interest,

;

renegotiation of government .contracts.
tAfter
Federal income .taxes ahd other charges.—V.
'

-

•taxes
Net

*

$

56,773,455

______—

There

were

$

2,449 stores in

Dec.

1, 1945, as ^gainst
•1944—V. 162, p. 2686.

1

$
1945—48

Federal

stpres in

the

four weeks .ended
corresponding period of

the sale in

.cumulative

shares at par
In

the

opinion

investment
Canadian

the

Canadian market of

redeemable

Quantity

of

gas

Mcf.)

107,347

.81,766

$241(263

$231,651

667,274

597,928

97.3c

•97>9c

2,512:557
$6 .,7c

2,284.776
,87.2c

'

:

711(802

per

,651;795

2,61:1,239

3,1.89c

30.61c

28.37c

sinking

fund

an¬

of

counsel, -these
of

insurance

Insurance

preferred

shares

companies

Companies Act,

will

registered

com-

per

shares-

"

share_

"

com. ;

1945
$89,633
104„200
$0.86

1943
$93,375

1942
$105,115

104,800

.1944
$77,350
104,300
$0;74

-

preferred
a

legal

under

,fhe
as

162, p. 2190;

$1.00

*

Securities Corporation General—^Dividends—
The

directors

the stock included: The Dominion Securities
Corp,, Ltd; The Wood Gundy Corp,, Ltd; Royal Securities .Corp., Ltd;
McLeod, Young, Weir & Co., Ltd; .Cqilier, Norris & Quintan Ltd; L.
offering




the

have

declared

a

.dividend

of

5

cents

oer

share

on

common

share

per

share

earned

$755,443

1,120,000

$0/74

/

.

.

'

$0,6.7

>

.

Shawlnigan Water & Power Co^Earuiiigs^-.:
9 Montis Ended Sept. 30—
-."• ".. •
1945
revenue

>

Water
■Taxes

1944

$16,542,658 $17,678,770
'"

General .operating and maintenance expenses—,
Power purchased 1.
,—,—
rentals

4;345,591
.

——______—.

—________2—-i;

__—

Fixed

charges,
Exchange

—i:

L-J'

—

4,732.457

■2,569,765
407,393

,

3,265,010
402.393

..,641,606).

,673,725
2,307,195

2,596.519 s
196.329

104,802

Prov.

for

depreciation

for

income

and

profits

excess

Net

profit

2,250,000
taxes.—;-2,141,319

•2,250,000
-

1,905(830

$1,742,867

1,459.428

$283,439

—.

$1,688:625-

1,459,428

—_

Dividends

$229,197

•

-4t

-Surplus

—V.

•__!

162, p. 1326.

"

Shell Union Oil Corp.'—Partial Redemption—

The corporation ihas called for redemption ,oh Jan. 15 *next, out of
sinking -fund rmonies, $210,000 of 20-year 2%$<> sinking fund deberidue Jan. Ip, 1961, at 100 and interest.
Payment o?zill :be .made*'
at ihe office of J. P. Morgan & Co., Incorporated, 23
Wail^St.. New

•tUEes

York, N. Yi—V. 162, p. 2686.

-

Sherritt Gordon Mines, Ltd.—Enrnings--Quarter EndedBept. 30—■

-

•

•',•

Net return from-copper

sales
!—
Development, oper. ,& .admin, costs-

"•(.'■■'•. A

1944

1945—

1943

$822,102

$677(721

$870,232

468,072

530(730

,658.390

$354,031

$146(99(1

28.2,79

,24,332

20.963

$382,310

$171,323

$232,811

.IfidfKlO

150,000

42.003

$222,310

profit

Non-roperating

revenue

1,323

$190,811

—.»

taxes

__________

Realized-profit l>ef. (write-,offs___

io5tooo

$0.89

,

♦After .charges .and provision for -Federal income and excess profits
and alter giving effect -to poet-war excess profits tax refund.

—V.

.be

$823,900

1,119,500

$0,61

—■

"tblal income

faxes

(Dominion).,

$687,865

1,119,500

—

charges,

Provision for

per

1932

669.921

__

Seeman Brothers, Inc.—Earnings^-

Earns,

1943:.

$l,425,3€Mr

1,235,851

shares

per -share

Qperating

Mcf.

-v..;162, p. 2824.

outstdg.

1944

$2,059,7^1

1,618,026

.

2,398,203

33.75c

—

.cost

made

<$100).

for funds
and British

bankers

12,18.2

$33,874

sold

_______

per

$5,000,000

amended.

Other

180,136

20,478

Quarters End. Sept. 30—
♦Net prpfit

banking syndicate headed by A. E. Ames & Co., Ltd.
444%

184,890

$46,181

income——

_r_

nounces

59,587

operation during the

2,459

Saguenay Power Co., Ltd—Preferred Shares Sold—A
'

218,782
$493,553

inc.

(Mcf.)

51,116,461 605,216,759 602,738,401

223,606
$533,500

___^

Holder

$

^$.--4944

71(253
$105,643

64,311

Mcf. sold-^—
Quantity of gas made

Safeway Stores, Inc.—Current Sales Increased—
1945—4 Wks.—1944

for

Prov.

jRev.

Period End.flec. 1—
Sales

72,983
$130,970

—.—--—.

earnings——__
Interest .deductions—Net

EARNINGS FOR NINE MONTHS ENDED SEPT. 30,
1945

"•

$2,305.-891

1945, pet income was $152,300,
equal to 13 cents a share as compared with
$133,212,,and 12 cents a share for the tbree months endqd Sept. 30,
1944.—V. 162, P. 882.
". .* ■
!• '.

*

(Jacob) Ruppert

$0.38

;

For the fhree months ended Sept. 30,

Fed.

State,

*

Company—Earnings—

Period End. Sept. 30—
gros3

■

taxes ______

—

capital

1945 iV;

taxes

Prov.

Gas

776,627

.

>

$

■

-

..

1945^—10 Mos.

1945—^Mpnth—1944
*

Fed.

after taxes

Gross

Sales

791,627

$042-.".'*;*' $0.3ft

-

ended

for Federal

profit

of

Earned

-November Sales—

Sears, Roebuck & HCo^

before

Provision
V

offices

months

$494,583

(Frank G.) Shattuck Co. (& Subs.)-

(Central

This

common

12

$448,142"

-

has pur¬

chased the personal loan business of Active Loan Go; .of Denver, Colo.;
Finance .Co. of Kansas City apd Home Finance / Co. of St.
Louis. The -transactions were for
cash buf'.t.he amounts .were not
disclosed. The three offices are .to be operated as Seaboard .branches.

the

'.'•l i9Mos. End- Sepfc.'aOsf-,'.,""

Angeles—Acquisition—

announced

For

•

-

Sept. 30, -1945, company reported a ne't
prpfit after charges and taxes of $1,563,461, jor -96 cent6 .per common
share, as. .compared with $1,776,342, or $1.23 iper common .share for
the 1.2 months ended Sept. 30, 1944.—y. 162, p. 2824..
'' k

y.

record Jan. JL7,

698,040

902,785

,77

; v;

of

of

$534,962 r
shares______._ »' 791,627
:

Earnings, per share—

pre¬

a

profit

Number

divi¬

a

common

$4,362,556

$6,990,194

excess profits

profit

Common

as

shareVoUt^tanrHng/.^

cents per share
stock, par $1, payable Jan. ,28, 1946 to holders of
1946.-; Distributions during 1945 were as follows: April
10, 25 cents; July 13, 25 cents and 25 cents extra;
and Oct. 15,
25 cents. In
1944, the following dividends were paid:
March 31, 50
the

Total

Net

stock

share-for each

Net

V

common

rate .of .one-third

at the

common

Declares 25-Cent Common Dividend—

$956,752

75,624

■,

2398.

Root Petroleum Co. (&

Income &

series A preferred

shares,

holders ,qf

Period End. Nov. 30—

Net

.

a

.

Operating

Net

5.V2I0

pf

common

one-tenth

The directors

on

W.

BeriodEnd. Oct. 31—

48,334 shares

145,000

and

payable o.n Dec. 29

Commission

pany's

and

on

ferred

authorized the issuance of 14,500

stock, par $1, and the usual Quarterly dividends of $1.50
the $6 cumulative preferred etock. par $100, and $1.75
on
the $7 cumulative preferred stock, par $100, out of

-on

surplus for the quarter ending Dec. ,31,
1945, all payable
Dec. 31, 1945 to polders of record .Dec, 17, 1945.
Previously this year,

Capital', expenditures

200,394

"

162, p. 1520.

Sherwin-Williams

: '■

$211.8,42

;6/-7.V

74,080.

*

Co., Cleveland—Sales

Sales

higher—'

;during the first quarter of the company's -fiscal year were -5*"3
of fast year .despite ^Shortages-of -a .number Of -important pig¬
ments and oils.
A. W.
Steudel, President, fold. etockhqlders at the
annual ^meeting .held on -Dec. 11. fie called the popularity of KernTone paint and several other specialty
items, partly re-sponsible fer
fhe -rise"fn- sales.*
•
,
ahead

The company plans to place two new products
pn the •'Wtftrket in the.
future, the stockholders were told. .One is a D)T
concentrate*

pear

for .use in

fype
^V.

co^me^ial buildings

w«ed ki'l—'for
161, p. 2666.

ridding

and

lawns

farms.

of

.it^*

dandelions

• ■

nM

a

hormone--

other

weeds.

Volume

-Number 4449

162

:

TShiiron-Optical'Co., ?Inc.—iCalls Bonds—

THE COMMERCIAL '& -FINANCIAL CHRONICLE

1

^

?

and-.60

■

the

of

had: thd

-Holders

-~*V.

1276." 1

157,' p.

.

'v

,

,

'./•_' ■ /.

/,

,

1252.

/See Shuron Optical'Co., Inc.; ..above,-—V. 139, 'P.

6% .preferred

of

■

Land

;

Timber

&

Company

;i

Co., (Inc.

,

revenues

•„!

.

^

___'_!

primarily

engaged

is

in

I

11

'•<

1

/

tion/ of

10,530

'172,639

-167,825

-

.,,,'1.623

"-$56,684

,$54,446

income

deductions

.

8.424

;

^

—

8,472

U 106,435

105,535

,

.

of

in

to

plant

portion

wrapping

-as

the

The

' Net income

dividends

Common

1

!!!!-

—V.,162. p. 2520.

\

:

J..:".;.

;•"; ■ ;x '

-

1

316,419

/V

7

Dec.

headquarters In New York.■<.,

with
<

•

/

department /and
tailers.—^V. -162,

^PURPOSE—Net/proceeds
the

to

to

4V2% (preferred

the

be'received

stock

and

exchange offer

12,422

shares

of

6%

redemption

prices

of

will

be

by'call

or

the

are,

;

respectively,

$102.50,

"jl2

31—,sjl^vt,,!!!,,!•!:■ ZSZ $3,954,4/77

1944
$3,772,308

>i <436,044

.

Operating--'revenue's
Operation'-

•

V 1945

X,512.409

Months Ended Oct.

Maintetlance;"---.^——2-_»Frovlsion

depreciatioji-..—;'--—1

for

Fed. Inc.

and

profits

excess

292,806

292,297

T

!!!

Income

Federal

Taxes—other'than

of

;'

484,672.7

net

"

proceeds

will

company

be

added -to

was

of

.follows:

as

Aug. 31,

-

1945,

■

"Total- earnings

,

income—net

Other

132,654

139,854

$1,257,9l27

81,384,073
757,878

—1—
,

earnings

Interest

__

—.

593,898

deduetions_______.

etc.,

charges,

.

Net

,

■____!—T_.

income
accrued

Dividends

$664,029

cum.

/

,

335,678

335,678

1

118,938 common shares,,

share on

per

v-

.

Common

'

Prior
now

outstanding

the

of

,

of

--Three Months Ended-

!■;"

•Recovery

;

Operating

35.284

—

$153,012

•$4.24

ton——

cost, per
profit
assets

current

54,460

74,532

54,460
74,534

dividends.

'43,518
33,325

58,024

58,024

58,025

!166,650

166,650

166,650

preferred

dividends—

162, p. 2991.

1945—Month—1944

-•

•'

$

162,

818.

p.

; $45,844

issued

and
be

7,780 Shs.

on

Sept,

guaranteed'

11,

11,164,042
21,970

11,142,072

operating

income

9 Mos. End.

:V

Sept. 30—
income

r

Depreciation
Depletion

-w——

—

sale

—

V.

Prov. for

of

has

company

162,

7,780 shs.

15,644,090

13,065,169

,1,008,281

9,679,092

9,815,308

canceled

mtge.

Common

126,34..

and

retired

bonds

and

notes

serial

Payment (Will

be

1,810.000

com.

67,122
47,670

73,450

3.2%

serial

stock

*

*$0.04

v

of

and

•

'

•

PRESENT

6,422

ally

'

'*r

refining.—V.

■v/,.;/-/;::/:

to

shares

and

4%%

preferred
(together

and

in

the

will

company

price,

"

together„• with

centages

162,
:•"'

par)—

the

set

shares
for

fetock

common

$2

revenues—

$1,806,233

cumulative

to

943,886

E.

$2,345,682

H.

Rollins

! 897,118

*113.493

-90.497

61,321

'

244,527

Depreciation
deplet.
S"on-produc. well drill.!
.

Vta.".ndoned

leases

315.035

198,132

■

!

'8,949

of

'

federal income taxes-

income

"$388,979
!
2,211

Net

operating

.

f

$300,037

deprec.

•

3,145

'

v;

;

2;462

Int.

amortiz.—subs..

&

(Balance

•„^J!!«ii—

deductions

Interest

$303,183

$391,190

income

Gross

76,655

$314,535

■■

$495,485

.54,564

104.168

$248,618

$391,316

r

V

'

the

income

—V.. 162,

p.

——

91,423
$223,111

125,355

100,193
$148,425.

..'$265,9611

«&

&

Co.,

hew

have

of

one

135,459

.

preferretifand one share of new preferred plus $7.50 cash for each
6% preferred share.
In 'addition, holders 'making the
exchange will receive in cash
74 cents per share of 7% preferred

Inc._:

stock,

$15,180

$6,048

198,945

Co

be

;■

>'

i

The

Nov.

on

bonds

30,

will

bear

will

1945,

interest

•

dated

be

as -

of

:

•ii%

;

11%

1 '

287

V"

6%

'Net

in

the

including
2.45%

will

and

31

and

Dec.

1953.
on
•

in

I960.
from

payable in

the
31

years

30

bonds

the

in

Interest

June

The

on

shares

and

4 %

96

2%

■

1,753,058

18,779,906

497.707

463,883

5,103,238

income

$328,411

'$339,496

$3,122,922
2,121,337

years

to

1950,

1951

bonds

June

and

of

will

deemed

'207,481

—!___

Co.

peri-annum

30

and

Dec.

interest

be

$113,000
1952, .and

notes -will

be

239,365

2,060,242

Pacific RR.

Co.—Redemption of Bonds—

of

as

of

the

Nov.

left $13,205,000 remaining :to be
re¬
outstanding as of Sept. 30, 1945.—V. 162,

This

30.

.$80,890,000

1930.

p.

Southern Railway—Gross Earnings—
—Week End. Dec. 7-—

Gross

1945

earnings

—V.

;

Jan. 1 to Dec. 7

-1944

$5,072,813

—

1944

1945

$304,361,557 $323,240,879

$6,320,437

162, p. 2861.

■

Southern Union Gas Co., Dallas,
SEC— r
The

company
stock

in

has

fund

Tex.—Registers With

registered -27,000 shares

(par $100) -with-the-SEC.

exchange

an

preferred

cash

offer

to

the

of

4'/2%

cumulative pre¬

-The-eompany is offering 21,521
holders of its $2,152,3.83 25-year

debentures, due Nov. 1, 1967, on the basis of one share
for each $100 of principal amount of debentures with a

adjustment.
underwriters

have agreed
to .purchase any Ahares not issued
exchange offer and the additional 5,479 shares of preferred
net proceeds from "the sale of the stock will be used by
the company to retire any unexchanged debentures at the redemption
price of 300, plus accrued interest.
The balance of net proceeds will
be added to working capital.
E. H. Rollins &t Sons, Inc., heads the
The

the

under

The

stock.

underwriting

group.—V.

162,

p.

2991.

for

from

at

dated
on

each
on

$153,000

payable

31

the

Dec.

June

each
on

and

to

rate

17,
30

$827,234

revenues

Operating

expense

323,400

Amort,

Net

oper.

Other

66,278

74,496

80,412

397

405

$356,192

income

3,692.843

$4,285,112

*

than inc.)

income

$3,868,692
373,697

57,279

574,413
771*791
•819,984
4,818

franchises—

of

490,712

34,106

retirements

for

Prov.

$9,691,515

37,329

-—

(other

1945—12 Mos.—1944

$857,961 $10,550,039
320,565
4,093,919

-$334,331

Maintenance

Dr422

1,089

$357,281

4,868

4,638

$333,908

761,686
872,712

$4,289,750

__:

of
Gross

1945,
and

June

1945—Month—1944

Period End. Sept. 30—

Operating

Taxes

inclusive, $168,000

and

4.317,446

•

$3,081,202

company has reported to the Securities and Exchange • Com¬
that
$67,685,000 of its 4%
bonds, due Jan. 1, 1955, and
for redemption on .Jan.
1, 1946, have been presented for re¬

called

of

30,;\945,

Pennsylvania
3-2%

hear

17,826,298

2686.

Southern
The

sinking

30,

will

1945—10 Mos.-—1944

Southwestern Public Service Co.—Earnings—

of

each

hereof,

instalments

1946

the

on

notes

date

Co.—Earnings—

1945—Month-^-1944

•

1,989,846

income

shares

Income

income

_i

deductions

$4,242,390

2,786,899

____

•'

2,410,780

30

June '30,

the

semi-annually

notes will he secured equally and ratably by
will constitute (a) a direct first mortgagev on

Net

income

Accrued

$1,502,851

dividends

and

Balance

the

cumulative

sold

Aug.

the

above

1).

2861.

•

to

applicable

NOTE—The

the

properties
of
the
company .(other
than
its
in Maine);
(b) a direct first lien on (i) 1,900
$100) ' capital stock of North Louisiana,, &
Gulf RR

located

(par

The

the

on

was

preferred

$1,831,609

stock-

290,570

*381,811

stcck_——

$1,212,280

"$1,449,797

ai|d Dec. 31.

indenture, which
principal
plants
properties

of $123,000

31,

annum

be

Dec.

amount

Dec.

per

share

per

—

taxes

opei'ating

ferred

1945, and will mature
serially in the amount of $153,000 on Dec. 31, 1953, and thereafter on
each June 30 and Dec. 31 to and including Dec.'33, 1955. and there¬
after

cents

mission

i

384

Nov.

12Y2

value, payable Jan. 15, 1946, to holders

$2,827,964

Period—

•12%

576

.

rate

;

$2,562,437 $27,006,066 $25*224,946

demption

20%

192

the

of

$2,815,964

oper.

—V. 162, .p.

exchanged

by an indenture dated Nov.

at

-

12.000

% Un-

528

the company and
and Granting Annuities.

Lives

;

rev._

<

Preferred

528

into. between

entered

-

.

Operating revenues-!
Operating expenses

stock.

OF PROPOSED. FUNDED
DEBT—$2,045,000 of first,
serial/bonds and $),995,000 prnicipal amount of notes

secured

;

*

the

pursuant to

1_—_

and

121/2-Cent

Pay

;

.

.

dividend

a

par

DESCRIPTION

under

To

Cq.

*.,

-26%

;

&

'

$2,574,437 $27,126,066 $25,324,946
12,000
120,000
100,000

con¬

960

Inc

Power
-

no

revenues

Uncollectible

cancelled,

and

1,247

—

.

will-be-issued
to

offer, which expired Dec. .18, called for the'exchange
share of the new preferred for each share of the outstanding




$1,920

declared

Period End. Oct. 31—

acquisition of additional timberiands.

6157*868

exchange

outstanding

241,637

31, 1945.
An initial distribution of like amount
this issue on Oct. 15, last.—V. 162, p. 2991.

on

Operating

*173,072 shs.

annually 1946-1953. Proceeds were used to retire exist¬
ing bond and notes and $2,000,000 will be used for the

62,632'

•5293,327

Bag •& Paper Co., Inc.—Preferred
Stock Offered—A public offering of 17,798, shares of
41%% ($100 par) cumulative preferred stock was made
Dec. 19 at $102.50 per share by an underwriting syn-/
dicate headed by E. H/ Rollins & Sons,-Inc.
These
shares represent the balance of an original issue of 25,000 shares initially offered under an exchange, plan to
holders of the company's currently outstanding 6% and
7% cumulative preferred stocks.,,
;
!,

7%

238,922

Southern New England Telephone

Net

has placed privately (1) $2,045,000 /first mortgage
3.2% serial bonds, due semi-annually 1953-1960, and
(£) $1,955,000 first mortgage ■: 2.45% notes due semi¬

883,.

,

120,873

$608,860

Dec.

Operating

Sells $4,000,000 Bonds and Notes
Privately'—The com-,

$355,960"

Southern Advance

The

162,230

119,946

Colorado

common

disbursed

•/'

"

Co

Insuraonces

!

143,473

2686.

directors

record

of

25,000 shs.

''

Inc...—
Co.__

mortgage 3.2 %
:Net

229,779

79,559

Pay 121//2-Cent Common Dividend—

The

from

pany

3,817

v

-^Southeastern Corp.

|627,354

101,936

divs.—

&

162, p.

To

.

opposite theiif respective names and (ii) the per¬
4Vi% preferred stock set opposite their re¬
$102.50 per share plus dividends from Dec. 1 ,1945:

Sons

Biddle, :Whclen

$352,143

$493,023

:

$304,288

117,047

*25,801 shs.

preferred

Burr,

Bioreu. &

<263

13,500

-

•'

'
'

■

95,248

:

.49,133

.

,

1945—2 Mos.—1944

$317,470

maint,_._:

Southern

1,955.000

issued

were

convertible

Lane, Space ahd Co., Inc.—
Rauscher, Pierce & Co. Inc.
;
Barrow, Leary & Co

34*077'

1)484

13,500

137,220

76,121

40,133

taxes

;

Co., Ltd.—Earnings—

"

conversion,

.

Stroud

'

"L484

—__'!

.102,876

General

•

upon

cumulative

$2

Johnson,

233,527

'

15,527

&

Boenning

SI, 706,376

1,220,766

710*909

T 84,348

-

1945—Month—1944

—

Common Dividend—

issue

unexchanged

names, .at

'

1945—12 Mos. —1944 v

$1,368,969

expenses
Maintenance „——'—-

oper.

accrued

with

:

Shares

3ross

America, N.T.&S.A./

of

time and receive the full
interest to Jan. 4, 1946.—

$7,795

and

—<V.

stock

principal underwriters have agreed, sever¬
purchase (i) the number of shares of 4ya%

'

Coffin

Dperating

Bank

any

$2,045,000

„—500,000 shs.

shares of

jointly,

.

stock

of

spective

Southeastern Corp. (& Subs.)—Earnings1945—r9 Mos.-r-l944

at

2686.

p.

Surplus

Outstanding

Preferred

period End. Sept. 30—

shares

Taxes

and

the

$2,045,000

Aug. 31, 1945, 3,211
stock were presented

rights of

not

preferred

require

the

.

their

present

72,682

Oper.

FINANCING

notes

'Authorized

v

.

bonds—i——

UNDERWRITERS—The

..

v:;

these/ products

($1

vertible .preferred

$197,280
$0.06

$122,069

:

shrs.i—//

interest.

both

platinum;

;i930.-

p.

profit———

made <«t

Calif.

may

•Period End. Nov.-30—

Int.,

(par $1).
In addition, the company will,
exchange period ana receipt of the proceeds

the

'Subsequent

85.000

the nine months ended Sept. 30, 1945, -the subsidiaries-of
produced 40,344 ounces of crude gold and 14.288 ounces'of

During
comoanv

crude

on

minority

"Excluding

•

net

share

per

Stocks—

called

Gross <earnings

to

conversion

•'Consolidated
Earn,

117,853,670.108,560,548
-82,567,099
73,280,947
19,642,481 422,214^432

-7.423,291
2,352,189

C366.592

Southern Canada Power

12,422 shs;

-2.45%
notes,', due semi•
•!.
annually %!—1,955,000 • : '
4'/a% cum. pfd. stock ($100 par)
25,000 shs.
$2 cum. conv..;pfd. stock ($50
par)—_ 29,014 shs.

$51^.561

5?'5^2

——,

income taxes—v,
U. S. income taxes.———••':!;
Colombian

227,903

390,930

Angeles,

under-the

First

*1944

'

132,631

——

—

for

Prov.

"1945
$471,742

•
——

205,732

2398.

p.

redemption

29,012 shs.
166,650 shs.

First: mtge.

•

$

--

•

118,059;402108,788,451

3,394,384

Income

dividends.

1945,. .by> -Advance Land &
principal and interest—by

to

as

prepaid

I.'1,

; South American Gold & Platinum Co.—Earnings—
Consolidated

$

■

125*605

-

„_

t-v,

Co.-—Earnings—
1945—lOMos.—1944

.

$

•

13,534,701

*400,000

and

$651439

for redemption on-Jan. 4, next, ^ill»of ( Its
outstanding 20,000 shares of 6% cumulative preferred stock and 12,000
shares
of 5%
cumulative
preferred stock at $26.25 per share and

underwriters of the shares of 4J/2%
preferred stock not
exchange offer, call for redemption all shares of 7%
preferred stocks not surrendered pursuant to the exchange
offer and after the
redemption date eliminate the authorization of
.7% and 6% preferred stocks.:
As a Result, it is anticipated that the
Capitalization of the company will be substantially as follows:
*

$773,763

$804,153

$790,261-

the

$3.06
s

$19,075

—$5,235
—-—

$674,296

74,532

Southern California Water Co.—Calls Pfd

and -6%

$3.91*

S3.80

$4.48

ton——
J

notes

stock

common

issued

$214,040

$182,679

$4.33

———

per

Operating
Net

——!!'

milled

Tons

•Production

Crl47,573
$307,729

"54,460

The

.

currently with the delivery of the
all
existing
bonds
and
serial

mortgage

expiration

June 30.'45. Mar. 31/45
43.025
54,685,

Sept. 30.'45

exc.

$565,375

Net

"'$1,141,000

224,678 shs.

1

Dr249,301

55,899

Net

aggregate
principal
amount of $4,000,000.
Also, pursuant to action taken by the stock¬
holders on. Nov. 13,
1945, the charter of the company was amended
to authorize 25,000 shares
of. 414%: cumulative preferred stock (par
$100) per-share and 500,000 shares of common stock
(par $1) and
the change of each share of common stock
(no par) into one share

Mines Ltd.- -Earnings, etc.

Sladen Marlartic
Period—

or

serial

Co., Inc.,
the company) will
first

t

,

'

1

w— u-

•40,845

Holders

12,423 shs.

par)

Timber

the ~"»nk of the Manhattan Company, trusN Y.
V:
pnt-lon. '""^nder said bonds at any ume
and receive the full redemption price,-plus accrued interest to Jam. 14,
1946.
See also V. 162. p. 2990.
'>
r; ;,7,
:
;
.

to

offered,

$600,000

Payment will be made at

tee. 40 Wall 'St.. New Y~-k.
h ' Bondholders, may at t,h«»ir

(no

"

-

,u—'

'tax—.—,,,-'

—V. '162,

the

29,014 shs.

CAPITALIZATION, GIVING EFFECT TO

;,

fn-mto^ie bonds,.4%- series due 1966,
have been called for redemption t n Jan. -14 1946. at 103 Hi- and interest.
All

stock

'

'

r

;
1944

$2.44

S2.76

/ Calls Bonds—
,

of

"■Subsequent to Aug. 31, 1945, $103,000 retired
$100,000 of serial promissory notes/prepaid.

$290,516'

$328,351

Balance

Earnings

pfd.

conv.

unamort.

of

dividends

Outstanding

.

($100 par)____^_—i
stk. ($50 par)__^.__

pfd. stk.

cum.

1,383,621

'$65l;i39

(Operating
revenues—
13,509,096
Operating expenses
-13,828*225
Operating taxes
Cr3,713,513

the

$6,000,000

($100 par)^

6%

$626,194

stocks—

preferred

on

of

500,000

cum..pfd. stk.

$2

877,027

$923,598

dividends

os

7%

and

617,811

•-$417,802

..

'inch

''Net

capital

-Authorized

mtge. bonds, 3!/2% series due 1958
Serial proniissory
notes, due $100,000
annually on Dec. 18, 1945 to -1948,

$1,244,218

'604,799

$307,729

revenues_i.__
Uncollectible oper. rev._

'"

First

365,672

per

capitalization

the

ii

"•

the

and

working

199,920

132,573

Southern Bell Telephone &
Telegraph

'

.

$1,125,273

the

;•

.

CAPITALIZATION—-As

477.373
180,275

'384,021

taxes___

such

company.

155.B02 ,141,589.

.

395,259
337,160

<131,381

Period End. Oct. 31—

.

-

215,884

136,157

taxes

209,973

preferred

—V.

share, plus, in each instance, accrued dividends to the date of redemp¬
tion, 7 In the event .that all of such presently outstanding 7% and 6%
preferred
stocks Were
retired
by call for redemption,
the amount
required to effect such redemption would be $2,163,870,, plus accrued
dividends from Dec. 1, 1945, to the date of
redemption.
The balance
(estimated at a maximum of $323,277 and a minimum of $282,873)

& Electric Co.

Sioux City Gas

$2^,600,353

prof. • taxes

exc.

Operating

$110

!$2,533,045

charges

income

on

par),

<$1,384,071

preferred

$2

the presently
stock <($100 par)
($100

other

Common

from the
retire, either pur¬

stock

194,057

$1*180,068

profit-__„

6%

for, redemption,

preferred

94,050

$1,801,498
731,847

7%

■

.

'$2,390,380

profit

•''Balance to surplus—!

company

to

cumulative preferred

cumulative

which

by

utilized

1,630

$1*190,013

profits

had approxi¬

approximately

77-.)-•

-.7

.

with

2,155,040

$1,086,017

mium

countries.

and its-subsidiaries

compared

as

outstanding 7*780 shares of 7%

month. Volume production us
will 'be made through .selected
stores,,-electric utility >and appliance re¬
A- !!/!.•' -f-ws
%■

furniture
p. 2489.

employees

31, ,1939.

suant

v.'

>

showings are planned -for -next
for -the Spring;1' Distribution,

(Mnitial

1,600

sale of

foreign

Aug. 31,11945,.'the oompany

mately

-fM- announced, t.by-this* cornpany.,. ,on j-Dec.^lO.-, ■,, ^v-;-;
v
ir Company; lias
mad©- extensive plans to manufacture and.1 morclian-^
disc the new blanket - and etsablished. an electronic blanket-division

Vscheduled

of

As

Blanket— v(:

2,112,555

charges

part of

its ..products -for ;export !-to-certain

marking'..the- first use of the -electron in bed,

i'An'electronic; blanket,
-

:

...

Simmons Company—Produces Electronic

;

!

210,000';;
317,218"

____

2,044,587

Reduction

the bags and wrapping paper manufactured by
by it to wholesalers and jobbers, although a small
amount
is sold directly'to
consumers, - -Company's products are not
sold pursuant^to <-long-term contracts but
pursuant to current orders
received' and
accepted from
time
to
time.
While 'its 'business
is
largely confined to the United States, company sells a small amount of

$559,863
210,000

$567,378:

! $45,755

$48,260

_____

dividends

Preferred

1,363,652

(net)

the company is sold

•:

4,471,049

oper." expenses™

Net inc. for the period
Writeoff
of
call
pre¬

of

greater

$9*017,069

4,785,193

Total

standard »jnercantiie

amount

$8,698,947

6,289,657

Federal

uses

company

•1942

3,566,702

Federal

is

paper, -but -the

1943

$6,016,372

Operating

by the company, and incident thereto pro¬
other naval stores as by-products.
A por¬

paper

this -paper is., sold

-Years Ended Dec. 313944

Other income—

was

of

J8 Mos. End.,

less returns, etc.

'Operating

by rail.
Company
normally used in

whiGh

of

used

pulpwood

•&

sold. excl.
depreciation-,

-of

1940,
16% dn
22% in the eight

and

of '"Advance -Land

Cost of goods

in

<A. substantial

company's

pulp; practically all

of

1944

the balance -of

stock

EARNINGS

$8,524,258

Other

and
commodity bags, together with a
specialty bags for various uses. -Company also owns
a ibleachery,
which is now idle but which was formerly utilized in the
production'of bleached kraft paper which was sold as bleached wrap¬
ping paper and was also converted into bleached kraft-bags.
'

$665,399

;

8,691

-

7,311

$673,814

..V

kraft

turpentine -and

-some-

small

$656,926

-$666,503

$52,823

transported

is

manufacture

various
'

sale

and

capital
OF

"Aug. 31,'45

the greater part of the.paper it produces in the manufacture of
paper
bags of various kinds, the bulk of which consists of grocers' bags and

128,870

122,070

14,032

-'(Utility- oper.
income ",r! $55,140
Other;-income (net)—tL
1*544

Income

duces

268,349

13,600

i

*Oross-

165,654
250,786

14.122

22%

and
the

278,400

'

.+'•

1945,

timberiands

by,-others.

201,945
s

manufacture

,$100)

'

.

:pulp,

own

pulpwood

manufactures

266,202

21,675

22,900

23,300

-

,

ended'Aug.-31,

the

-11,652

16,544-

".i 23,816

Fed;, normal and .surtax
Fed. excess profits-tax
Retire.--reserve accruals

the

•

obtained/from'lands. owned

$2,664,076
1,025-665

1,049,953

!

taxes

'

,

$2,757,-713

..

shares '(par

245

Co., ,Inc.

Sales of bags,-paper and

bags, wrapping paper and other paper made entirely from kraft
its own .(manufacture.
It owns timberiands producing pulpwood.
The major portion
of the pulpwood used is purchased from
other growers and
from contractors.
Company obtained 3%
of its

months

95,938

92,682'
-

(ii)

SUMMARY

pulp-of

<1945—12 MPs.—1944

-$229,550

$239,205

___

'___!:

Maintenance
General

?1945--Month—1944

31——J-,

-Period Ehd.\Oct.

Operating

and

paper

Sierra Pacific Power Co.—Earnings-

Operation

accrued

of

; -'

,

.

requirements from it3
1941,v21% (in 1942, 35% dn 1943,
,

adjustment

,

pulpwood

'

in

-AND

BUSINESS—Company -was
incorporated -May 28,
1927, >in Maine and maintains principal executive offices at 38 New¬
bury St., Boston <16, Mass., and 6 State St., Bangor, Me.
Company
has
two
subsidiaries,
North
Louisiana
&
Gulf
RR.
and
Advance

Inc.—Bonds Called—

Shur-On Properties Co.,

t

't

Dec.

interest: to

accrued

share

per

Timber

.--•HISTORY

of receiving the full -redemption price,/plus
15, 1945, at any,time on or after Dec. 1.

option

cents

dividends.

outstanding Shur-On Properties Co., Inc.,.collateral'trust
6%
bonds-due serially to'April 1, 1951, were recently called ,for re¬
demption on Dec. 15, 1945, at 100 and:interest.'
Payment is being
made at the New York Trust Co., trustee ana registrar, New York, N. Y.
All

3119

31,

common

Jacksonville

1945,

and

but-earnings

statements

for

Majrlin-Mexia

of

these

all -periods

properties

group

properties

prior

to

were

included

are

that

date.—V.:

......

,

,

<■

in

162,
,

THE COMMERCIAL & FINANCIAL CHRONICLE

H20:

'

STATEMENT

Southwestern Bell Telephone Co.—Earnings—
:■$

Operating

•

•..

207,221

14.000,535
12.891,050 138,327.682
9,047,879
7.674,843 . 86,609,113
3,373,830;
3.550,418 . 35.250,140

124,334.969
75,782,570
32,536.086

16,368,429
13,710,175

from

revenues

taxes

Operating

,

operating

16,016,313
13,147,899

—V.

162,

1,665,789

1,578,826
1,315,797

income

income

._

1,394,740

(other

286,352

114,091

than

70,539

136,308

100,263

tax

38.120

income

39.021

56,852

This

of

47,000

82.000

Spiegel, Inc.—November Sales

and

-V,

—

figures include mall order
'its subsidiaries.. No comparison is available because
sales were reported in 1944.-r-V. 162, p. 2313.
These

int..

on

162, p.

1

The

9334

only-mail order

payable

V.

$1,681,353

distribution

declared

17

15.

like

of

been

awarded

for

contract

a

the

management

and

garage

Additional

theater

and

food

units

market,

at- a

anticipated

recreational

Propane Gas Corp.

cost

will

faculties.—V.

of

approximately-

include

162,

number

a

of

2191.

p.

Securities Offered—

—

1957^ and 493,155 shares of common stock.
The debenare
priced at 103 and interest and the common

dividend of

i*fegular quarterly

a

i

.

stock at $9.50 per share.

cumulative preferred stock, series A,
holders of record Dec..31, 1945.•
amount
was
made on Oct.
15, last,—'

1946

re¬

tures

the 334 'r

on

Jan.

that

503.

p.

of

account

on

expected

materially the bal¬

a
"Community Center" which will be built in *.
Glenn H. McCarthy,' well-known developer of oil
units will consist-of apartment: hotel building, swimming :

Suburban

(Ohio)—Preferred Dividend No. 2—

Dec.

on

not

Financing for this newly organized corporation involves >
an offering to the public Dec. 21 by an investment banking group headed by Eastman, Dillon & Co., of $4,500,- >
000 12-year 4^4% sinking fund debentures due Dec.
1,:

2861.

cents per. share
initial

An

'■ ,<

53,246

$1,821,862

$863,963

is

will affect

of

six-story

stores,

79,534
40,699

78.960

29,852 x

$927,829

directors

$100,

par

,

59,598

42.110

income

Standard Oil Co.

*.}}.
• $8,672,149 $61,(63,-2
and retail sales of company and

1945—
•Consolidated net sales—
Ended Nov. 30,

59.127

assumed

Net

:.■

:•

.

162,

adjustments
It

contracts.

for

Tex.,

$11,000,000.

$5,348,971
3,547,385
!, »'

55.482,395
3,528,327

$3,612,765
2,659,352

2,643,327

expense

Taxes

,

•

discf

has

Corporation

First

pool,

71,000

$3,672,393

debt—.

debt

of

subject .to

are

which is in process

Webster Engineering Corp.—New Contract—

construction

fields.

56.866

54.000

...

funded

on

Amortiz.-

Dana,

1945

Government

1944

presented.—V.

as

&

Houston,

in¬

inc.

Fed.

for

Gross

A.

Int.

,

President, on Dec. 3 announced that the annual
wheeling of the stockholders will be held sometime in February, 1946,
"instead .of Dec. 17, 1945.' This was done in order to give the company
$ime to adjust its financial records in the prosecution and acceptance
-of all Its termination claims.—V. 162, p. 818.
:
'
: ".
!*

■

$5,863,452

308,329

taxes)

come

Provv

$6,065,884

221.014

.1—

service

Legal

$3,990,339

226.125

'

of

795

and

expenses

and

1944
for

sheet

ance

389,614

$4,104,729

fiscal

adminis.

Adjourned—

Spicer Manufacturing Corp.—Meeting

•Period

686

2686.

p.

Charles

288,920

12,307

.

Corporate.'

Taxes'

.'Net
Net

266.106

for

renegotiation
negotiation

$3,473,043

85,698.716
1 354,606
12.562

Stone
Total

Operating

Operating expenses !

$3,700,733

interest..

Miscellaneous

231,477

15,804

18.636

re"v._

_

1945—12 Mos.—1944

$3,826,316

assoc.

Only)

Electric. Co.

Gas-&

1945—9 Mos.-—1944

cos..!
othersa—'

from

Divs.

■

14.019,173

revenues™—

Uncollectible oper.

Divs.

(Standard

INCOME

OF

Period End. Sept. 30—

1945—10 Mos.—1944
■■ '
;.
$
?
12,906.854 138,534.903 124,566,446

IMS—Month—1944

Period End. Oct. 31—

Monday, December 24, 1945
profits

v

The

corporation will .use $8,000,000 of the proceeds as part of the '
purchase price for the
13 Eastern Retail Districts
of .the
Phtlgas
Division acquired from Phillips Petroleum Co.
Also payable to Phillips--

to

162, p. 2686.

to

complete the purchase agreement is $3,000,000 principal amount of
corporation's 15-year debentures, junior to the sinking fund de-

the

Earnings—

Springfield Street Railway
Sept, 30—

Period End.

162, p. 2793.

•Loss.—-V.

$7,519

*$7,961
'/
'

profit™

Net

'X

/

9 Mos. End.

$33,584

$10,195

v

income

Net

'Earns,

Squibb & Sons—Earnings--

(E. R.)

Net after expenses

v

Net

1945

•'

•

:

—....—,v

.

1,290,197

$481,440

.

•Net

profit

Com.

shrs.

-

outstdg.™-.
per
com.
shr.

.tEar-ns;

,

V,

1942

;

*After charges and Federal taxes. r

;

the

For

quarter

with

compared

Sept.

ended

1945.

30,

and

$83,545

'

v;

;

Corp.—Earnings—

Standard Forging

'

the,

Secretary,
1945 would be approximately $115,000. basing
connnltments to be filled by the end of the fiscal

on

first

The

shares ($1 part common stock were
by a group of underwriters headed by
Shields & Co.., The remainder
of the 254,000 outstanding shares—
or
143,926 shares—was retained by corporation officials and original
110,074

when

19

$11.50

at

stockholders.—V.

share

per

162,

^

1400.

p.

v-

for

redemption

/

;

v

of

stock.—V.

common

162,

2399.

p.

.

v.

160,

572.

p.

The

of

given the right to purchase between

Net
Net

income

Holders

•Dec.

record

1945,

24.

■held

of

at

the

received

and

Dec.

Jan.

15

24,

value

asset

the

at

no

were

1946. one
the

of

stock

new
on

company's office.—V.

share'for each ten shares^
the subscription is

the. date

162,

p.

declared

stock

common

sales

;

of

(par

$1;

held,

Stock

to

holders

payable
of

record

Payments during
cash; ; and on July

1945

Jan.

whole

the

1946.

10,

5 <7,

of

On

l/20th

or

common

FOR

9

MONTHS

ENDED

SEPT.

30.

1945

Federal income and

profits taxes™—

excess

Railways

Pittsburgh

Subsidiaries

and

and

Qther

*.Based

"$172,947

Subsidiary Companies:
Oper, revs.—electric. J_
Oth^r

.

misc.

69,869,602
16,458.613
1,718,344

,

69,148,968
16,163,503

93,604.920
22,248.808

2,397,298

•

X (James)

Total

88.046,559

Maint.

Taxes

&

5.308.342

repairs....

5,254,374
9,987,364

42,154,438.
7,123,485
13,320,626

5,832,712

7,904.691

7,828,524

819,355

1,125,604

1,126,630

5.154.319

6.544,184

* 7.423,832

res..

9,936,394

than

inc.)

5,945,169

(oth.

State

30,143,752

deplet.

118.251,026 116.891,352

and

41,081.199
7,082.625
13,362,710

iri-

foreign

"

taxes

come

Fed.

800,936-

income

Fed.

profits taxes

excess

Net

income.

oper.

Other

Gross

•5,573,139

income

23.885,840;

J

7,097,271

Dr415,814

31,888.561
Dr520,458

23.470,026

31,176,882

31,368,103

10,925,100

.

8,276,298

31,801,700
» Dr624,818

23,729.234

'

.

deductions

5,774,319

24,196,270

_

income' (net)

Income

4,930,373

t&xes____

:

10,922,145

14,228,179

14,053,740

Dr467,036;

*

Balance
Divs.

12,804,134

capital stocks
by public..:.-..

12,547,831

16,948,703

6,009,948

_™_

_™_

6,005,802

8,025,704

17.314,363

on

held

Minority interest-in
distrib.

net

8.054.971

un-

The

V

income..

76,041

141,938

154.438

313^207

Producing

York

New

Refining

&

Co.

above.—V.

authorized

has

StockExchange

161, p.

the

at

1664.

listing

r"

shares

10.680

,

agreement with Gibson Canning Co. (111.), under which the comoamagrees
(aV to cause its subsidiary, Stokely Foods, inc. to buy from
Gibson, at cost to Gibson, all of, its inventory of merchandise, live¬
stock and supplies, as at a date to be selected by the company, but
not
later than Nov. 30,
1945, for $200,000 in cash, to be paid on
1945,.

1,

the

and

balance

of

price

the

to

be

paid

in

non-

negotiable demand promissory notes of Stokely Foods, Inc.; (bj to
purchase all Gibson's assets including any unpaid notes of Stokely
Foods, Inc. but excluding land, buildings and equipment, all subject
to the current, liabilities of Gibson, for 7,250 shares of 5%
cumulative
prior

stock

preference

of-Gibson's land,

I.,

the

subsid.
Other
Gas

of

($20 par;; and (c) to purchase from Gibson
buildings and equipment," subject to any. mort¬

(not exceeding an unpaid principal, amount in the sum of*
and subject to a lease to Stokely Foods. Inc. for a term¬
commencing Dec. 1,
1945, in exchange for the issuance
of
760 shares of 5 %
cumulative prior preference stock, and 10,680
shares of common stock.
The closing date under the purchase contract
is to be not later
than Jan.-15, 1946,• unless extended by the consent of the company
and of Gibson Canning
Co.—V. 162, p. 2991.
gages

or

companies-

inc.
&

income

of

from

Divs.

from

6,400,141

8,768,561

8,946,185

Co.:

assoc.

cos..

159,235

cos...

interest-

other

Miscellaneous

159,271
288,920

212,415

<212,361

266,106

354,606

339,614

12,307

vears

686

12,562

795

7,155,793

6,849,018

9,348,144

Mr.

&

Corporate,

9 Months

for

and

Net

226,125

tax,.

136,308
56,852
82,000

56,866

47,000.

6,471,444

8,764,655

9,034,474

•Mfg. cost and sell,
Net

71,000

profit

Deprec.

ard
Int.

net

Charges
Gas

"Taxes

of

6,723,45^"

Elec.

2,643,327

2,659,352

3,528,327

disc.

59,127

expense

assumed

Prov.

taxes

on

int.

42,110

,

income..

net

'•Including

electric

leaseholds, etc.

$

198,434,192 317,150,233 262,534,622

9,093,001

sales
plant

and equip.

887,478
437,467

15,413,011
856,414
627,314

14,252,084
824,335
295,664

—

1,125,000

1,200,000

5,408,000

9,857,000

9,380,000

It

will

become

Chemical

Sun

of

the

such

in

cor¬

agree¬

\

^

the

featured

in

9 Mos. End.

integral

an

of

part

Corp.

~

Fine

the

■■"'■.'■./.v-

,

chemicals and*

industrial

compounds, including materials for waterOther
manufactures
are
metallic

fabrics.

of

fabric

finishes.

announcing
for

for

months

said
of

excess

sept.

30

Ink, Corp.)

1944

•

1943

:

1

the

of

sale3

that

$20,000,000.

ended

Printing

1S45

'

$821,636

$866,341

".
$719,227
42,195

43,221

$1,163,453

:

.1942

$853,715

44,705

;

.

:V'.>:X

$898,937

$761,422

172,563

128,805

138.728

taxes

492,639

317,986

341,295

147,750
291.414

$498,250

$419,549

$418,914

$322,258

stk. outstdg._

^,044,001

735,000

735.000

735,000

share.$0.37

$0.37

$0.36

$0.23

r™™__

deductions'

Prov.

in

$1,042,733
120,720

—

income

Gross

acquisition,

were

nine

Sept. 30—

*

the

1944

profit

income

Federal

for

Net

Shs.

X

profit

com.

per

earnings for 1945 include one month's 'operations of A-1
CoV Which was acquired on Aug. 31 in line with the com¬

NOTE—The

C,

Horn

for

only

162, p.

the

1945

month,

one

increased

was

—V.

of

comparison

since

proper

into the general paint and chemical field.

to expand

direct

No

ii

as

a

*

share earnings for the two periods
includes earnings of A. C, Horn Co.

per

total

of common shares outstanding
acquisitions from 735,000 to 1,044,001.

yet the
result of

number

2862.

X

X

'

Sunray Oil Corp.—Earnings— Xs
X

•Net

income
income

Number
Earned

of

'

1,223,824

1,035,747*

2,77« 304
$0.35

2,770 384

^_™™

shares

common

.1™.

^

share

per common

'•After taxes and charges.—V.

(

1944

$8,203,096

^

>'

■

.

1945

$9,653,613

9 Months Ended Sept. 30—

,

Gross

$0.31

162, p. 2191.

Superior Portland Cement, Inc.—75-Cent Dividend—
The

Dec.

corporation on Dec.
a
dividend of 75

14,

these

shares; formerly

1944,

and

amounted

paid to

22

cents

known

to

50

per

cents

stockholders

common

9 Mos. End. Sept. 30—

sales

per

share.-^-V.

162, p.

Other

V.

1945

^

1440.

XX

*

-

1943
1942
$21,182,741 $10,472,457

1944

$9,428,855 $13,479,638

Operating profit

of record

share. The previous payment on
B stock, was made on Oct. 28,

class

as

"/' Superior Steel Corp.—Earnings—
Net

920,723

1,835,919

5,200,542

16,289

64,183

108,615

income

Total

income

•Federal

2,947,284

2.552,084

No.

$943,012
&

income

profit-

of

2,220,185

Earnings

^™

44,909

•Includes

113.276

income,

surtax

4,820,275

• -

$278,277-

-

•

1,810,000

$488,882

$4$5,094

113,276

$1.75

Federal

$2,265,094"
.*

1,621,825

$198,712

share

per

$5,309,157

'

744,300

shares-

common

$1,900,102.

exc.

etc

taxes,

and

excess

113^276*

113.276

$2.45.

$4.32

profits

$4.02

taxes,

State

income, capital stock tax and post-war adjustments and contingencies.
The net

profit for the Sept. 30, 1945 quarter was $38,873 or 34 cents
share, compared with $76,126 or 67 cents a share for third quarter
ago.
The net for the Sept. quarter of 1945 includes a Federal
tax credit
of $113,400
over-provision of taxes for the first half of
a

a

year

year.

Exclusive

for

$74,527

the

59.598

78.960

79.534

29,852

53,246

40,699

Shares

of

3,978,893

power
-

and

.




gas

3.722,642

purchased

5,104,122
and

5,366,856

amortizatzion

of

com.

Earnings per

on

th£

a

2,223,985
$1.27
$1.14
special tools, dies, etc., but excluding de¬
2,355,477

interest and

of

2,320,481

$1.00

share„_

^Including amortization

As

2,360,056

...

stock outstanding™

common

of

this

quarter.—V.

credit,

161,

commitment fee.

has been found that no excess profits
contracts have been realized by the corporation dur.ng

result of renegotiation, it

Government
years

ended Dec. 31,

1942

and Dec. 31,

1943.

The corporation's

Sweets Co. of America,
9 Months Ended

Sept. 30—

•Net

profit
tEarnings per
•After

taxes.

p.

would

there

have

been

a

loss

of

2152.

Inc.—Earnings—

1945

$136,941
com.

charges

tOn

sh.

and

85,000

'•

acquisition,

/

announced

diversified line of

a

finish

companies

Operathig
Oiher

this

excess

—

profit for the period

Net

3,547,385

preciation,
Consnl,

provided

Co.;

debt

debt

from

prop.,

etc., net____
for
contingencies
for Fed. income
and

profits

of Stand¬

funded

on

Amortiz.

and

&

income

on

1943

$

"

and gen. exps. 189,341,191 301,737,222 ,248,282,539

Interest,
Prov.

Consol.
Inc.

domestic and foreign,..™

sales,

100,263

39,021

54,000

in¬

inc.

286,352

38,120

than

221,014
70,539

308,329

114,091,

Fed.

*

<£

taxes)

come

stock

common

as

17

Dec.

on

(Formerly General

Net

1944

1945

Ended Sept. 30—

Co.:

expenses

service
(other

"Taxes
'TTov.

Elec,

fiscal

adminis.

Legal

textile

Schoepf,

combined

(& Subs.)—Earnings—

Studebaker Corp.

9,548,955

Exps. & taxes of Stand¬
Gas

the

and Rock Hill, S. iC. Subsidiaries include Warwick Wax Co..
plant at Chanute, Kan., and Impregnole Corp. of New York.:
being a sales organizatloh which handles distribution of

a

( profits
%

Total

ard

of

Warwick

"

Electric

Divs.

6,718,145

Standard

of

those

and

latter

Warwick's

7

$6,200»,
Balance

oi

liabilities

1945

and related products. The company's
main plant is
Warwick, R. I. Other plants are at Wood River Junction,-

West

R.

,

•

Dec.

the

30,

assets

common;.

common

of 5% cumulative prior preference stock ($20
additional •shares of common stock ($1 part to oe
issued in connection with the acquisition of all of the assets subject
to oil of its liabilities of Gibson Canning Co., making the total num¬
ber of shares of the respective classes of shares the listing of whl^h
has
been
applied for 343,311 shares of 5 9c
cumulative prior pref¬
erence
stock and 899.460 shares of common <stock.
" 7
On
Nov.
14,
1945. the directors of the
company authorized
an
addition

and

part

all
'

435,285

and

the

Warwick Chemical Co. with Ernest Nathan con-*
of

treatment

.

pany's plans

8,010

and

Deprec.

86,852,035

31.355.936

„

preferred

Stokely-Van Camp, Inc.-^Listing of Additional Stocks

"

•Operation

$1.50

Stewart & Co., Inc. (X. J.)—Acquired—

Panhandle

See

2.169,023

:

of

of

and

waxes,

Earnings

92,692,126
22.030,203

1,539,564

shares

the nine

for

-

services.

17,866

on

outstanding at close of the period, earnings per common share
months were .35 cents—V. 162, p. 2399.

shares

Street

1945—12 Mos.—1944

1945—9 Mos.—1944

End.-Sept. 30-r

repellant
soaps,

Other

Railway Subsidiaries of Philadelphia Co.)
Period

specializes in

504,979
332,032

2862.

Standard Gas & Electric Co. (& Subs.)—Earnings—
incl.

/

of

Sept."

V

...

shares

t

manufactures

in

$3,404,671

after chargesi-™™_™i-.^™„_i.^___™_u,w___;

for

Prevision

Division

earnings

—i

-

heretofore

properties

.

its President.

as

Warwick

of

of

President,

company of

tinuing

'

—

of

stock

-y

/
its

!

Schoepf,

Chemicals

-

EARNINGS

•

corporation

as

distribution

stockholders

authorized.

K.

/. by this

stock

cents

10

books

-

of

83,000

of

of

shares

all

Expansion— /

.

2,

Jan.

of

shares;.

transfer

to

its

on

the

and

the

to

was

Albin

treasury

Net 'profit

(Not

•

'

company's

,

follows:
stock.

as

in

of

share

from

1946

number

1,133,957

In consideration
assumption by the

the

Warwick

•!

■

dividend

each

31,

were

5%.

31,

stock

a

for

Jan,

total

authorized

recorded

listing of 83,000

(par $1) upon official notice of issuajiceacquisition
of all
of the
properties
and
good will of Warwick Chemical Co, (Rhodes

by

poration
ment

/'■'v.-;

have

directors

share

one

recently

stock

Exchange has authorized the

the

the
listed

be

is

and

with

declared a dividend of $5.85 per share on
par value,
payable Dec. 24, to holders of
record Dec. 14. Of this payment, 20 cents represents investment in¬
come
and $5.65 capital gains. Payments of 25 cents each were made
on
April 16. July 16 .and Oct. 15. this year. Distributions in 1944
totaled $3.70 per share, "and. in addition, the corporation in April of
that year split-up the shares on a two-for-one. basis.
directors

common

of

■

State Street Investment Corp.—$5.85 Special Dividend
The

the

*

Warwick ih the ordinary coutse of business between:such
date
and
the
closing.
There are only three stockholders of
Warwick.
At
a
meeting of the' stockholders of Warwick held on
Nov.
26, 1945, the agreement dated Oct. 29, 1945 was approved by*
stockholders, and the transfer of the properties and assets of War- -r
wick
to
the
corporation wfis likewise approved, and the dissolution

v.

;

to

Warwick

:': • /
The - proceeds, estimated
at more than $900,000. will be added to
working capital and, according to present plans, will be used in retiring
$406,000 of
bank indebtedness and in buying certain plant facilities
new
owned bv the government at a cost of $743,000.—V. 162, p. 1556;
'

public.

in

are

stock
the

corporation

incurred

new

the

the

stock

^

Sterling, Inc.—To Pay 5% Stock Dividend—
•,

to

with

making

and

Warwick

company has

to

-,

<\

Corp.—Listing of Additional Common—o

Stock

common

together with

listed

according • to: their, pre-emptive rights.
The underwriter will receive v
50 cents-for each share sold to stockholders and $1 a share for those
sold

Its

connection

Island"

.

as

of

assets,

.

Jan,

on

York

New

shares

'-

.

principal underwriters.'
'.;V':•
$8 par value preferred will be first offered at $10 a share
accrued
dividends to the holders'of outstanding common stock

and

Corporation took

Standard Forgings

of

financing

public

Sept.

v:..

Sterling Engine Co., Buffalo—Registers With SEC—

The

.

offered

shares

named

On this basis,, the year's earnings would total approx¬
$1.96 per share on 254,000 shares outstanding.
Unfilled orders as of Nov. .30 were approximately $4,000,000 he,said.
place

called

be available
.y

,

while
the
properties of Suburban Gas
York and Pennsylvania.—V. 162, p. 2687.

Sun Chemical
The

the

those for

registered with the SEC 100,000 shares of 55-eent •*
cumulative convertible preferred stock and<i50.000 shares of common.
reserved for the: conversion privileges. 'Buri & Co. of New York are

$500,000,, or

imately

v

year.

The

Dec. 31.

year

has

•

Columbia

of

New Jersey,. New

1945 on the first preferred stock has been declared and will
be paid on Dec. 31, 1945,
to holders of record Dec. 20, 1945.:
v
Following these redemptions, there will remain outstanding 298,108

the

"

;

District
'

18,251 outstanding shares-of 57; non-cumulative second ^preferred stock
ht $20 per share.
Payment will be made at The Hamilton National/
Bank of Knoxville,- Knoxville, Tenn.
The last quarterly dividend for

of

quarter:

figure

^

1944
+
$95,288
estimated that earnings after taxes

Davidson.

last

the

net

share,

1945
$76,090:;

Quarter End. Sept. 30—
"Net profit after taxes',—™_™™i;^™™:™i_
.Harry. J.

a

share for the Sept. 30, 1944
/•.,
;XV<' -V0;
\

cents a

9

...quarter.;—V. 161, p. 2793.

in

reports

company

after taxes and charges, equal to 8 cents a

of $65,121,

income

:

'

15. next, all of
the 19,900 shares of 6?r
cumulative preferred stock at $55 per share. ."
and accrued dividends from Jan. 1 to Jan. 15, 1946,
and all of the

.

$243,748 * $244,094
216,893 ; . 216,893
$0.53
$0.53

:

$5,431,826:
month"in the

To Redeem Both Issues of Preferred Stock—
company

will

-

-

was organized to
acquire the eastern Philgas liquefiedgas
i propane i
properties and the liquefied petroleum gas
business of Suburban Gas Company.
The Philgas properties
located in eight states on the north Atlantic seaboard and the '

are

Sales—

$6,834,895

$712,006

7

(propanet
■

in

The

1943

1944
$275,857
$350,067
263,143
•
263.145
$0.56 5. v.",r $0.84
1945

$904,385 /

proceeds

balance of

1945—11 Mos.—1944

' 1945—-Month—1944 '

•

The

corporate purposes.

petroleum

2654.

.

.

30—

p.

being offered.

now

genqral

Corporation

$411,063;/;

X-'XU $1-76

$1.93

•,

160,

Stores, Inc.—Has Record

30— '

Nov.

$1.82

for

/•: 1942. XO'

"

$426,877'' •/* $451,471'
v

stock—V.

common

Sales in November, 1945, were
the highest-for any
of the company and were 27.02<y in excess of
corresponding month in 1944.
'
*

.

9 Mos. End. Sept.

$0.64

of

1943

1944

history

'

Corp.—Earnings—

Standard Cap & Seal

'

shares

sales

Net

'

162, p. 2686.

End.

Period

$1,771,637

755,136

;

share

com.

Sterchi Bros.

,

$781,984

———L——

profit

1944

.

$1,537,120

—

________

Federal income taxes

—V.

-

;

per

Sept. 30—
1945 ' v
.—v.." $150,516

234,000

•On

Quarter Ended Sept. 30—

bentures

Steel Products Engineering Co.—Earnings—

;

1945—9 Mos.—1944

1944

1945—3 Mos.

.

>

1944

non-recurring profit.—V.

of

162,

capital stock,
p.

2793.

•

1942

$111,030

$85,232

$i.30

$1.00

$1.53

provision for Federal

shares

1943

t$134,738.

$i.ei

income

and

flncludes

profits
$15,274 (net)

excess

tVolume 162

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4449

Timken Roller Bearing

Sylvania Electric Products, Inc.—Listing of Preferred
The

100,000

shares
and

issued

are

has

Stock, Exchange

-Net

profit

Number

Syracuse Lighting Co.—Offer Made for Bonds—
New" York

Central

See

■

Power

146,

above.—V.

Corp.

profits

excess

Tax

$621,733

$612,328

$7,698,046

$7,275,751

325,732

3,874,147

3,746,623

40.596

_,L

revenues

48,995

514.880

471,095

Operation

587,487

income—

70,000

21,700

824,000

741,270

Operating

accruals/.

40,833

35,833

515,000

430,000

income.—

$100,418

$116,849

$1,294,623

203

6,508

63,218

62,676

Specialoper.

income

(net)

—

Gross

income

Net

—V.

102,

3,105

$1,302,755
36,677

$113,946

$1,222,012

$1,266,077

3,188

.—//—'

—

$1,301,131
79,119

$117,052

$100,734

income——

deducts—interests-

Net

.

$97,546

.

'

■

,

^

profit

Sept. 30—

_i_/:

.

/

•

162,

revenues

Other

taxes

Prop, ret;

v-7

articles

are

bonds

no

preferred

or

he

and Melvin B. Ogden, both recently, returned from
Vice-Presidents of the company, and Fletcher Barker

156,

'

2047.

p.

<

f

.-A

%;■'

-

V

,

9 Mos. End.

906.433 '.7 860.083
790.000
1 000,000

Sept. 30—

Total

1945

———— —

profit

$1,713,885

income

Federal

tax

' "
'

fV.»

,

Transue & Williams Steel Forging
Gross

1

L'.1

'

.

>

.

'>

.

.

*

.

C

•

■

1944

1943

$40,298,517

$41,965,511

39,910,124

39,077,613

39,957,113

1945

etc.

,//——.

-

$2,008,396

541,505

511,211

$621,098

$679,399

263,821

259,404

$1,497,185
432,080

$419,995

$1,065,093

$1.36

$3.55

etc.—

taxes,

ordinary

i

$1,220,904

604.968

Profit

Depreciation,

.

Profit
Fed,

income ;&

Net

"On

■

taxes

profits

excess

profit

taxes.

/.

$357,277

share.

$1.19

-

"Earnings per common

,

stock.—V. 162,

299,566 shares of common

United States Gypsum Co. (&

the service,
Assistant

9 Mos. End.

"■/

.

Federal

before

1441.

p.

Subs.)—Earnings—

as

'
'

•

.

"Net

Earns,

1942 '

1944

1943

$2,800,813

-1,858,139

2.121.348

1,571.284

950.000

1,550,000

1,824,000

per

taxes,

1,280,000

$2.62

share.,

com.

.

.

$3,21

$2.89

Federal Income
/7>7.. '
'''"'7"..-;

and

depletion,

depreciation,

etc.

1942,
$4,252,-14*
1,196.37*

1943
$3,873,089
1,196.772

1944
$3,193,674
1,197.140
$2.32

1945
$3,549,416
1,197.512

shs. outstand-

"After

$2,103,350

Sept. 30—

profit

Common

Co.—Earnings—

1,191.944

—

provision—

!.

-

$41,136,190

Sept. 30—

revenues,—-—.

Expenses,

and

stated,

$2,525,003

T

'

"

(& Subs.).—Earnings—

$1,226,006

9 Months Ended

corporation has no outstanding obligations for borrowed money.
Mr. O'Melveny also announced the appointment of Briant H, Wells

2, 702.210

•'/

i

the

Jr.,

;

'

-

outstanding,

stock

cents,

25

504.
'

'

.

There

162, p.

of

25 cents per share,
record Dec. 29, 1945.
15 and July 16* 1945.

'

1,336,715 shares of $5 par, and each old share will be exchangeable
five new shares.
•
'* .',7;
/;/;7 v ,.7v:/ :■'j,

to

for
-

of

Jan. 16, 1946 to stockholders of
An extra of like amount was disbursed on Jan.

shares of the $25,000 par shares outstanding,

■

-

•"

.

dividend

extra

an

dividend

quarterly

usual

the

declared

19

Dec.

on

and

payable

Gross

',7

stated, and if stockholders approve the amendment to
of incorporation the number of shares will be increased

Treasurer.—V.

1,706,888

70,762
83,333

40,000

.

267,343

now

the

,

184,256

166,489
77,536

a.;
approp—

res.

512,960

V7

^'7''''':1

■

,

'

are

.

Guaranty Co.—Extra Div.—

United States Freight Co.

O'Melveny

1945—12 Mos.- —1944
$1,179,340 $14,835,250 $13, 648,800
507,124 V 6.299,742
5, 843,226

$1,233,557"
-

.

meeting

There

1945—Month—1944

—

share

both

„——

.

directors

The
per

—$315,059

$684,608

on Dec. 13 voted to submit to stockholders at the
Jan, 17, next, a proposal to reduce the par value of
to 35 a share, Stuart O'Melveny, President,

directors

Mr.

Texas Electric Service Co.—EarningsOperating

—

-

.

-

T
_

503.

p.

announced.

as

Operating expenses—Federal,/ taxes.

—.—————.

1944
$49,924
265,135

,

-

period End. Nov. 30—

—r-,

reserve

The

""

,

1945
$1,314,986
380,378
250,000

i •'

the common stock from $25

1945 ,
1944
1943
—$39,028,476 $38,884,491 $29,110,467
Earnings per common share—'—
$3.47
$3.46
$2.67
i
"After charges for depreciation, depletion, amortization,
and a*ter
providing for" Federal indome and excess profits taxes.
7.;
.
7
NOTE—Earnings for the 1945, 1944 and 1943 periods are after a
charge to income of $1,000,000 in 1945, $4,000,000 in 1944 and $8,000,000 in 1943 set aside as a reserve for contingencies-.—V. 162, p. 1440.
•Net

.

Subs.)—Earnings—
(Excluding European subsidiaries)

,

9 Months Ended

,/.

1 (3

United States Fidelity &

Title Insurance & Trust Co., Los Angeles—Stock Split-

-5

Texas Co. (&

t

j

—.—

Up Proposed—

2520.

p.

Sept. 30—

profit

income

annual
•

/'/ ••''

Subs.) —

/'.Vv

/

such

of

York, N. Y.
preferred
stock is convertible on or before
shares of common stock.—V. 162, p. 2862.

New

Broadway,

1946 into

.

10,

accrued dividends amounting to 13 cents per share.
be made at -The Marine Midland Trust Co. of New

will'

share

10,
1

—V.

3,480

;

-V.

Inc.

Each

convertible pre¬
1946, at $21

outstanding shares of 5'a'" cumulative
been called for redemption on Jan.

have

plus

Payments
York, 120

all

par),

(ho

Pfd. Stock—

Aircraft Products, Inc.*—Calls

the

stock

share,

per

1440.

p.

$1,299,274

316

//•/,/;'

Depreciation

Util.
Other

162,

& Construction Co., Inc. (&

.■■■

Year Ended

675,395

on

taxes

taxes

Hetir.

possible contingencies.—V.

cover

Tishman Realty

Earnings—

reserve

General

Fed.

1

Act

to

of

Jan.

307,213

Operating

Maintenance

taxes.
$2,002,700

and

tax

1945—12 Mos.—1944

1944

1945—Month

Period End. Oct. 31—

profits

excess

Income

S2,893;500

United
All
ferred

of

and

issued

are

preferred stock, $3.70 Series
outstanding.—V. 162, p.'2862.

shares

40.000

which

of

1943
$4,912,525
2,421,380
$2.03

1944
.$4,611,926
2,421,380
S1.90

computed under the Revenue Act of 1943 and the
of 1945.
An additional amount of $250,500 has

tax

provided

and

Income

includes

taxes

Adjustment

been

—

Federal

and

for

•

Tampa Electric Co.—Earnings

—

-

charges

t$4,168,578
2,421,380
$1.72

—

shares—--——-

share

tProvision

3822.

p.

capital

per

"After

M

—

of

Earned

1945

and

1975

Co.—Earnings—

9 MOS. End. Sept. 30—

authorized
the listing
of
of
$4
cumulative preferred
stock
(no par;,
which
outstanding.—rV. 102, p. 2991.
;

York

New

312!

..

profits
.1'

excess
/

.

Company for the three months ended Sept. 30, 1945, reported a net.
of $1,193,199, after taxes
and charges, equal after preferred
dividends to 88 cents a share on common, as compared with $1,023,408,
or 74 'cents
a
share, for tne corresponding period
of i944.—V. 162,
P.
1031.7
* "
"
income

Net

income

$333,865

7

$3, 243,281
46,974

$5,132,187'

.3,834

$436,572

revenues-,.■
(net).

oper.

Other

41,908

885

Net

profit

Shares

'_/

$241,944
134.965

„-

L

$437,457

$337,699

<163,334

$5,174,095
3.222.255

$3,290,255

233.116

—$204,341
$174,365
Dividends applicable to pfd. stock for period—

$1,951,840
/375,678

$1,423,541
/ 375,678

income

Gross

Interest

charges—7

Arc.

—162,

$2.28

—•

$291,284
134,965

$297,348

134.965

134,965

-

•

'7 $2.20

$2.10

'7

2992.

p.

$308,139

$1.79

-

outstanding

Earnings per com. share

1,866,714

United States Playing Card Co.
Tubize Rayon Corp.—Meeting Date Changed—

Net

income

—

Celanese

See

Corp.

above.;—V.

America

of

162,

9 Mos. End.

p. '2862.

Sept. 30—
profit———

"Net

+Earns,

-7; $1,576,162

Tz-'/'Z/i,

Balance
-V.

162,

Twentieth Century-Fox Film Corp.—Earnings—

$1,047,863

iIncl.

2063.

p.

Subsidiaries

all

mechanical

h/OTE—For
order.

to

position

possible.

as

in

near

not

""Net

income

Oper.

Spec.

*Depree.

sales

Gross

and

returns

Cost

Selling

income

Total

Loss

Net

of

sale

on

stock

operating

during

190,890

9 Months Ended

Consol.

net

Provision

depreciation—.

Consolidated
Interest

and

Reserve

for

for

Pro v.

net

t$98.805

1943

years

debt

Fed.

$1,819,075

315.255

7200,118

$1,393,417

$1,618,957

86.223

discount, etc.—7welfare

and

92,000
536.500

191,

20,

Earnings

per

"Includes

7%

of

California,

cents

share;

common

a

$257,1.07,

or

39

cents

the

for

like

share.—V.

a

1944

162,

p.

quarter,

income

net

Sales

Sept. 30—

.

—————

"Net

profit

tEarnings,

Federal

shares of common stock.

/

and

424,454
$1.43

,,

State

7

569,363
$1.93
taxes.

income

tOn

7 Net

;

,

,

"Profit.—V.

1945

•

-

.

'7

1943

Profit

,"$349,797

*

•

Net

Shares

taxes,

profit

;

of

Earnings

com.

taxes

———

stock outstanding—

per" share/

——

Oct. 9, '43

$3,689,419

$3,725,665

938,252
531,134

785,596
481,958

676,028

$407,118

-

etc.

Oct. 7,'44

$4,075,125

—.

contingencies,

——

$303,638

$263,817

gross

income

.

$0,82

■

42,200

stockholders^.

$807,500

$477,100

outstanding—

699.864

299.93J

Z

$1.15

$1.59

stock—i—

of

12-inch
The

6212

and

$50,

par

7 /

totaling

/

of

taxes

1944

a'nd

«

to

162,

..

$0.77

"Operating

contingencies

.

will

other

and

early in

,

wholly

7

earns,

$162,738
59.001
$0.31

—

"Before depreciation, depletion,

income taxes.*

CURRENT

ASSETS

$240,980
96.470

77v> $0.52

/ .v

$500,443
181.005
$0.97

$662,806
259,650
$1.40

intangible drilling costs and provision
depreciation, depletion,

185,860 shares outstanding.

LIABILITIES

AND

receivables,

AS

OF SEPT.

$94,318;

30,

1945

inventories,

7

$80,060;

$25,000; total, $906,182.

U. S. Treasury Tax Notes,

LIABILITIES—Total, $157,069.--V.

.

•

tAfter provision for

tOn

$706,805;

ASSETS—Cash,

Water Co.)

J.94.5—9 Mos —1944

1945—3 Mo«.—1944

share

per

Lost Hills

owned subsidiary,

profit

fNet

$150,000.

of

also

models

2992.

p.

profit

tNet

$0.64

,

optics

camera

new

introduced

be

(Includes

1943
$302,684

J

$364,516.

$0.79

•

..

and

electronics

intangibles and all taxes.

"$371,075

$344,600

"

of

Universale

Period End. Sept. 30—

,

1945

taxes/-—

ol

;

Universal Consolidated Oil Co.—Earnings—

share

per

Line

its,

records.

of

abroad.—V.

record Dec.

$49

New

per

••/7/'/';:;7//V7
dividends

Offer

be combined In
photographic
1946,
Different models will be produced to fit the requirements of both
the domestic and foreign markets.
Foreign distribution will be carried
on
largely by its comprehensive photographic distributor organization

dividend
preferred

7ft

the

on

to holders of

To

—

Dec.

sciences

equipment

.

cents
a

Corp.

Camera
'-7.7'•/

by

on

several

Subs.)—Earnings-

162, p.

1031.

Universal-Cyclops Steel Corp.—Earnings1944

Sept, 30—

1943

1945
—$1,998,048
J———124,794

$5,448,638

$2,122,842

$5,560,989

401,649

income

418,500

194,658

3,611,352

$5,793,985
/
436,405
3,971,881

$1,526,535

$1,531,137

$1,385,699

$2.08

$2.09

$1.89

——

•

*

•

9 Mos. End.

$5,700,946"
93,039

112,351

income

—

„

Federal

provision//

tax

Sept. 30—

after charges./—

Profit

State

Fed.

&

income

profits

& ;

taxes—

•

1944

1942

1943

/ 1945
$2,665,728

$2,940,680

*$4,498,017

'
+2,053,400

+ 2,268,787

3,680,000

4,971,000

$612,328

$671,893

$818,017

$1,090,632

$1.22

$1.34

$1.64

$2.13

Net

profit _—//,_—._
"Earns, per com. share./

Net

profit
Earnings per
For

—

share

third

the

734,300 shs.

on

of 11945

quarter

•

renorted

company

to

77

cents

;•

net

a

share, against $575,057,
share,, in the third quarter of 1944.—V. 162, p. 610.
t
equal

$563,022,

a

or

Drofit

79

"On

,

$6,061,632

ment

of

cents

t

capital stock.
+Includes provision for renego¬
deducting a reserve of $500,000 for post-war adjust¬
inventories and other contingencies.—V. 161, p. 2795; V. 163,

500,000

tiation.

pp.

a

shares of

tAfter

of

2655,

1336;. V.

159, p. 2239.

&

Rubber
•

Co.,

Chicago

registered

—

Registers

40 Weeks Ended-

1

..

.

"Net

shares of common stock (par
$5), with the SEC. The shares are issued and outstanding, and are
being sold by a group of stockholders who will receive the proceeds.
Kuhn. Loeb & Co. heads the underwriting group. The offering price
company

be

filed

by

has

217,384

profit

+Earns,

per

"After

£0.51
of

a

sub¬
,

102V2'and

interest.—V.

Union Electric Co. of
The

New

York'Stock

first

$498,893

Oct. 10, '4fi
$650,6553

$0.96

$2.08

$2.71

,

charges and reserve for Federal income and excess profit3
the 240,000 shares of common stock.—V. 162, p. 290.

amendment.

160,

p.

"Net

mortgage

has

collateral

Sept. 30—

sh. cap.

providing for taxes,

1944
$1,245,402
$1.83

depreciation

1943
$1,262,574
$1.85

1942
$1,335,683
$1.97

and other charges.

provision for estimated Federal, State and foreign in¬
profits taxes charged against income for the three
months -ended Sept. 30. 1945 amounted to $1,907,522. compared with
NOTE—The

authorized

trust

per

"After

2655.

Missouri—Listing of Securities—

Exchange

and

profit

Earns,

(& Subs.)—Earnings—

1945
——$1,407,820
stk.
$2.07

3 Mos. End.

come

000,000

Oct. 9, '43

$230,749

$0.95

share

tOn

taxes.

Union Depot Co., Columbus, O.—Tenders Asked—
H. W. Schotter, Treasurer,
1846 Broad St. Station Bldg., Philadel¬
phia. Pa., wiil until noon on Dec. 29 receive bids for the sale to the
company of general mortgage
bonds as of Dec. 31, 1945, to an.
amount sufficient
to exhaust the stun of $21,547, at prices not to
exceed

Oct. 7, '44

$228,821

Oct. 6. '45

-

_—:/com.

.

.

Co.—Eernings-

Van Norman

Asbestos

462,126

$0.60

operation

from




412,211

462,126

462,126

/

service fees on
sidiary fiijapce company.—y.., 163, p. 2520.
"
"Includes

.

stock

com.

Vick Chemical Co.

Oct. 6,'45

7

chgs. but bcf. Fed.

aft.
for

cqm.

corporation

excess

will

Res.

1946,

Depreciation

The

**

——

$519,3CKK

56,300

will shortly announce a line of completely new
electronic division, O. W. Githens, Presidents an¬
10.
//77'"
Included will be popular-priced sound
reproduction triotion picture
projectors, automatic record-changing phonographs and radio-phono¬
graph combinations. The unique feature of the record changer is Its facility
for
automatically
selecting mixed
assortments
of
10 and

was offered in exchange for the old 7/7
shares of prior preferred stock for each,

With SEC—

1942

$46,703

$138,865

162, p. 1440.

40 Weeks Ended—

of

for

share of common

per

nounced

Roofing Co., Inc. (& Subs.)—Earnings—

Tilo

"Sales

2,

shares-

com.

expenses

Union

1944

$172,027--

-—z:

dividend

accumulations

-

<Sr

chgs.

1441.

p.

after

Total
?

296,300,

Thompson-Starrett Co., Inc. (& Subs.)—Earnings—
loss

available

.;'

-

162, p. 610. ;

6 Mos. End. Oct. 31—

Sept. 30—

472.500

Federal

162,

Other

This loss, according to the report, is deductible for*'income
tax purposes in the current year, although it had been written off-the.
books
in
a
prior year.
No provision for Federal
excess
profits is

Net

of

accumulated

2520.

p.

9 Months Ended

7

1942
$9,222,852
176,r<82
/7,
$0.59

period!

.

initial

7

three

of

had

162,

after

on

"After

report

necessary.-—V.

sh.

—V.

states that provision for Federal income taxes for the
Sept. 30, 1945 period was $132,500, which was computed After deducting
a
real
estate
loss
of approximately
$100,000 sustained during
the
The

profit

taxes

dividends

shares

of

products

Co.—Initial Dividend—

an

account

V

Underwood Corp. (&

7

288.417
$0.97

' share—

on

ratio

which

9 Mos. Ended

2992.

1944 •'
r
1943
$11,024,472 $11,379,909 $11,369,360

—— — —

per

depreciation,

"After

1945

the

Per

profits

excess

was

(John R.) Thompson Co. (& Subs.)—Earnings—
9 Mos. End.

The

or

prior preferred stock,1

7 '. "'
prior preferred stock

Net

net

,$2,003,800
1,484,50(V

162. p. 2688.-

for Federal

profit for period to $476,545 or 64 cents a
common
share..
:
7," /'
''' 7 '
7'.;. 7
-7
7
For the quarter ended Sept. 30, 1945, net income was $51,297, or 3
the

declared

5'/c

/

In

49,800

82.103.400
1,299.600
$863,800

Universal

V

Sent. 25, 1943.
Figures on former
dividends from National Theatres

to

earnings

$100, both payable Jan.

share

and

inc.

stock

profit

Earnings

Twin Coach Co.—Earnings—

report says that if excess profits tax for the

reducing

Net

Inc.

1945 period
was
computed 011 an annual basis the estimated provision for taxes
for the nine months ended Sept. 30, 1945 would approximate $538,000
thereby

have

new

share

per

par

thereon.—V.

.

Thermoid

NOTE—The

1943.

9,

any

1945.

stock

shares

the

$1.75

stock,

799,800

$552,346
' $581,1807.... $535,623
outstanding!-.—^.7 i77 600,000777 600.000 7/ 575.000
common
share.——7 7 7
$0.77
$0.86
$0.93

profit

July

directors
on

The
Net

Common

liquidated

1941,

consolidated net

The

of

75,000

463,000

27,

""Includes Income from sales, rentals, dividends, etc.

share

214,250

taxes

Dec.

.

.92,534

;

from

without

are

78,400

subsidiary on July 9,

Twin City Rapid Transit

7,7100,000

trust-

inc.

State

83,737

132.20!)

at

profit after all charges for the third quarter
Sept. 29, 1945, was $2,095,927 compared with a profit for the
second quarter of 1945 of $2,577,875.
Profit for the third quarter of
1944 on a comparable basis was $3,149,495.—V. 162, p. 2687. > 7.
/

1943

77

assets

1943, on which date that company became wholly-owned.
figures include earnings of National Theatres Corp. and

9,

July

The

.>■/ The
ended

$1,708,672

Fed.

$1,954,000

$2,085,000

,.1.

-———

(net)——

Products—

subsidiaries

1441.

1944 7

.1945

-u—

Number

to

t$o.G3

excess

p.

$14,581,100 $12,707,100
12,496*100
10,753,100

profit

Preferred

,

<

;

foreign

7

$3.57

/preferred stocks.
,"••••7. //
/7- .-. ,"• •>
§Aft.er deducting post-war refund of $2,045,000 in 1944 and $1,799,416
in 1943.
tiNet profit of National Theatres Corp. and its subsidiaries

1944

earnings—.iT;:.

employees'

for

-

amortization, etc..—.
contingencies---^-----

Unamortized
Res.

operations.

from

earns,

for

for

reserve

$7,256,004

$4.67 .7... / ~$3.49

,

410,062

307,546

7; "1945
$1,857,944
334,925

.

$9,487,929 t$7,187,098

$3.31

7.

for

Net

operations

from

profit,

Prov.

1,820,016

stock, after deducting dividends on the prior preferred and convertible

$1,523,019

Sept. 30—

Net

$311,237

(& Subs.)—Earnings—1

Thcrmoid Co.

'■—_—./

—

profit
income

—V.

Corp.
,

Net
Other

1943. Had National Theatres been
wholly-owned from the beginning of the year 1943, the profit for the
first thirty-nine (39) weeks of that year, including Roxy Theatre, Inc.,
would have been $9,007,114.
This would equal $4.53 on the common

City Warehouse included in selling
fDeficit.—V. 162, p. 2862.,:///;..'^
,7/7..

1945.

1,000,000

on com.

of

wholly-owned

Island

Long

206,638

5,100,000

1,009,916

—$7,529,288

shr.

per

162,

(& Subs.)—Earnings^—
.

operating expenses-:.——

and

sales

of

tNot including
year by conversion of sterling to U. S. dollars.
depreciation
($524,474 In
1945)
of studio buildings and equipment
in
production cost.
tNational Theatres Corp.
became
a

213,178

$485,347 7.

307.546

--^_--7

7^i„77-

com. shares
7 7 $28.62977 $177,801
share—$1.18 77/,7 $1,15

common

of

expense

.

Cost

that

388.462

-

for

per

"Cost

•

184,743
$336,175

dividends

available

Balance

T

tax—

/

323,565

190 890

assets--—

income

—,7-

profit

Preference

Earned

fixed

Federal

for

321,990

Six Months Ended Oct. 31--*

absorbed

213,231

—

1,804,989

§18,545,427

1,347,922

contingencies

"Portion

$1,103,787

304.712

—^-17--7-

income

Provision

51,433

$1,130,902

183,212/'

2,043,798
§21,605,000

1,311,111

taxes-

profit

Earns,

$890,555

,

$1,016,519

-

,

deductions

Total

$1,079,469

Net

1,120,894

710,459

$833,308

profit t

operating

Other

"807,116

expense—.._—

2,028,544
16,300,000

interest-

&

$1.40

and

income

stock.—V.

capital

of

1943
$561,631

$2.44

Canadian

and

Federal
shares

385,603

tOn

Net; sales

—"Cr2,350.000

profit Nat'l The¬
atres to July 9,. 1943-

$9,849,540 $13,331,459
8,059,613
11,320,009

$10,257,368

34,695, 254

I Net

sales

—

8,616,944

adm inis.

and

Net

allowances)

sales

of

12 Mos/45

44,907, 895

86,504,942

interest

for

Prov.

Sept. 30—
(less freight and

116,872.388

98,181,539

„

income

Minority

1945—9 Mos.—1944

Period Ended

132,666,188

95,948,022

for-.

assets

Federal

Thatcher Manufacturing Co.—Earnings—

for

prov.

eign

134,116,965

—

amort-

&

exp.

and

depreciation

taxes.

1943
$939,942

$2.16

v

United States Plywood Corp.

$

always

alphabetical
alphabetical

>7'-*''.

.•■'/'

•

-

is

exact

always as

are
-

it

reasons

companies

arrange

However, they

"After

profits

owned)

wholly

foreign—mot

7/$ 1.99

share.

com.

(& Subs.)—Earnings—

1944
$831,657

Sept, 29/45 Sept. 23,'44 Sept. 25/43 Sept. 26 ,'42

39 Weeks Ended—

possible

except

per

1945
$767,772

the

bonds,

listing

234

of

; Series

$2,051,039

$13.-

due

and

,

p.

1932.

excess

in 1944, $1,905,003 in
"
.

1943 and $1,198,665 in 1942.—V.^ 162,
'
1*

Ltd.

Corp.,

Mining

Vincent

.

HISTORY

Debentures Offered—

—

in

Toronto, Canada, recently offered

Harrison & Go., Ltd.,

$750,000 5% convertible redeemable sinking fund deben¬
due Dem 1, 1955.
The debentures are offered at

with each $100 of debentures.

97

8,.

The
of

Veerier-Root, Inc.—Earnings—
Jan. 1 to

Jan. 1 to

i

Balance

eral

$711,325

Fed¬

in amount of
post-war credit

—-—

125,084

surplus„_,—___$424,830
paid
300,000

$586,241
300,000

tax

profits

excess

to

Balance

Dividends

four

operations

of

the

West

Washington Gas Light Co.
Gas Co., Prince George's Gas

Co.

of

States

subsidiaries

Maryland

'

1945.

1,250,000

approximately

at

Sept.

of

as

-

New

period
—
$124,830
$286,241
of $200,000 reserved during the first 32 weeks of
this year for possible termination losses,
which reserve is now con¬
sidered unnecessary.
\
-V
,

underwriters

during

income

"Includes

are

$.1,141,778

$1,615,649

$1, 512,815

502,512

749,548

660,185

243,791

228,857

335,322

23,153

16,555

29,277

for

Prov.
Fed.

income

27,000

40,500

84,300

65,500

112,500

78,700

income—

$275,782

$301,354

$348,502

$401,744

Non-operating

Nov'45
$939,108

ASSETS—
Cash
S.

U.

-

—

Govt,

and

Notes

assets,

Other

net__.

cost——_________

v/V"'

Income

of

cos.,

excess

—______

791,804.

701,301

1,055,245

964,972

$1,002,655

$1,403,747

$1,366,716

336,796

488,065

298,152

650,136

$730,790

deductions——

All

the

of

$514,590

$1,105,595

$716,580

,

payable_____

$93,945

—

Notes

payable,
banks
_____—_
for
contingencies
—_—__——
Accruals
and
reserves,
miscellaneous—.
—

$120,435
1,600,000
324,319

J

■

,

33,172

377,204
—_____——79,714
no par)
_____
2,500,000
701,334

2,407,725

___________$6,193,094

Capital

surplys

Earned

surplus

162,

shares

(200,000

.

-L

-

FOR

Operation

of

Oct.

On

share

1,014,696

88,812

86,142

operating

Other

He

taxes

854,829

Aircraft

662,000

at

$2,218,178

:

Oct.

dividends

31,

and

Net

!

$1,415,622

927,139

>

into

$1,272,584

-

470,015

stock

preferred

on

to

holders

of

'.,

—V.

Jan.

15,

162,

prior preferred stock to be paid in full to Dec. 31,
•—V. 162, p. 1441.

(S. D.) Warren Co.—Correction—
earnings for the periods given in last

The

have

9

Months

Profit

Net

Depreciation
Prov.

for

$6,997,170

158,721

156,873

477,845

480,639

458,311

income

State

1,797,620

3,749,515

4,572,375

___r__

45,000

18,000

taxes,

Consolidated

iOn

net

per

$735,722

profit—
share

1,358,758

shares

common

$1,235,411

$369,521
indicated

was

as

nine

'

ended

Dec.

1945,—rV.

31,

162,

Earned

per

income

tax

—

provisions

Pictures, Inc.—Declares Common Divi¬

dend—Eliminates Good Will Item—
The

directors

4

Dec.

on

declared

v

,

a

has

declared

been

fiscal

the

—V.

period

general

at

first

declaration

The directors
amount of
this

the

also

voted

stock

common

to

prepay

principal

since

of

$4,921,000

bank loan.

term

amount

1930.

10

Dec.

on

corporation's outstanding

$37,000,000

year

payable in

the

on

the

of

rate

term

On Aug.

be
Co,
the
'
"

V

notes

Total

issued,

were

commencing Nov. 1, 1945, with interest at 2%
and 2xh'fo thereafter.
After the prepayment
there
remained
$30,229,000 of these notes outstanding, payable
in
19 semi-annual equal instalments of
$1,591,000.
The

board

directed

approximately
from

the

The

1952,

that

$8,800,000,

consolidated

charges

thereby

be

made

to

eliminating

earned

item

the

surplus
of

sheet.

balance

Fed.

taxes

(Reduction

following,

while retaining their present positions,
were
pro¬
Vice-Presidents: Robert W, Perkins, General Counsel and
Secretary; Benjamin Kalmenson, General Sales Manager; Harry M.
Kalmine, General Manager of Theatres, and Mort Blumenstock, Director

Advertising and Publicity.—V.

162,

Washington Gas Light Co.

ly 90% of the

40,000 shares of $4.25 cumulative

new

income

Net

Auchincloss, Parker & Redpath, Johnston, Lemon &
Co., Folger, Nolan, Inc., Goodwyn & Olds, Mackall •&
Coe, Ferris, Exnicios & Co., Inc., Robinson, Rohrbaugh &
Lukens, and Robert C. Jones & Co.
The pubilc offering
$104

was

The

holders

stock

were

preferred

given

stock

share

change

the

of

the

right

the

on

the

offer

outstanding
of:

one

share

stock

due

of

plus

cumulative
shares

$5

Nov.

Ref. mtge.

5%

1,

June

1,

GIVING

EFFECT

gold

—

$4.o0

cumul.

Common

in

TO

THIS

conv.

stock

and
of

shares

ferred

Lfae

ex¬

upon

stock(no

stk.

par)

conversion

1,336,892

$3,449,094

2,690,806

1,007,017

$5,744,771
1,336,893

for

purposes

of

stock

comparison.

40,000

for

the

13,855,000

,

$4,407,878
$1.25. .
.$1.20
fResulting from re¬

stock,

or

by

the

of




will

1945,

1,508
,

agafnst
com-

as

;

V; :

Co.—Subsidiary to Offer
\h;
West¬

$40 a share. On completion of the offering,
$1,099,320 and total assets will be in excess rg)f

be

•

.

the

of

directors

of

months

Of

Casualty

dividend

declaring.a

1945' was

company

on

$221,008,

or

$1.75

a

share,

and

dividends

$131,250.

,

premiums

52.

*

.

.

Massachusetts

Other

Oper.

Subs.)—Earnings—,

51,099

1945—12 Mos.—1944
$9,666,870 $13,366,637 $12,897,548
39,175
68,358
52,647

$9,972,936

$9,706,046 $13,434,996 ^12,950,196

income—-

income

(&

Co.

1945—9 Mos.—1944

$9,921,836

revenues—

______

4,063,924

4,389,544

5,671,821

3,409,879

2,857,136

4,416,027

3,629,051

$2,499,131
' '407,913

$2,459,366
408,991

$3,347,147
544,076

$3,357;091

______

—

545,424
150,000

$2,050,375

$2,803,070

$2,661,666

and maint.__

exp.

Taxes

(1)—The

accounts

of

Net

Power Co. (formerly
and its subsidiaries are

Monongahela

Public Service

Co.)

'

-

6o',000 shs"

60,000 shs.

of

425,000 shs.

stock

common

Federal
period of

in

Reduction
five-year

a

taxes on income due
certain facilities under

\

\

5,964,053

income___

oper.

Interest

expense_2_L__2

Reserved

for

conting.__

—

■

,

to amortization
Necessity Cer¬

issued

the
Federal Government.
signed a proclamation which

by

$4.50

cumulative

of

$4.25

preferred

Webster Tobacco Co.,

are

reserved

convertible

pre¬

9 Months Ended
Gross

profit

Profit

after

Federal

S^pt.

30—

Income

taxes

,19„4£„0
$1,192,048
,

of

refinancing the
stock

preferred

of

either

stock
$5

by

for

stock

are

outstanding

to

be

40 000

the direct exchange

shares

cumulative

of

$4.25

preferred

Net

Earnings
For

pre¬

stock

income

Number

29

of

Inn

cents

shares——_—

per

share.

p.

$2,091,217

surplus_____
505.

Western Pipe Co.—New Name—In LiquidationWestern

see

& Steel Co. below.

Pipe

,

& Steel Co.—To Pay

Western Pipe

Consolidated

the
no-,

470,025
185,000

955,544
460,000

$291,025
409,313

$495,544
409,313

$1,337,674
692,789
273,367

$419,422
409. 13

$0-71.
$1-20
$1.01
quarter ended Sept. 30, 1945. net income was $118/172, or
a
common
share, against $125,500, or 30 cents a shaie of
for the third quarter of 1944.—V. 162, p. 1442.

the

common

—

common

162,

Liquidating Div.—

A special meeting of the stockholders will be held on Dec. 26,
1945,
to-vote'upon a proposal to wind up the affairs of this company,
now
known as Western
Pipe Co. The company was recently gold to

Inc.—Earnings—

from manufacturingcharges

Balance,
—V.

On

2863.

p.

the

redemption

company.

31;

totaled
2314.

'

NOTES

40 000 shs

*900,000 shs.

$5 cumulative preferred
cumulative

Nov.

at

around

to be

surnlus

Total

1,000,000

.90,000 shs.

par)

(no

shares

$5

operation

in

increasing volume of business; the

an

Period End. Sept. 30—

Sept. 29, 19 t>.
President Truman
generally permits tne
holders of Necessity Certificates to amortize the cost of such facilitie
over
a
foreshortened period, viz,: from the beginning Of the amor¬
tization period to Sept. 29,
1945.
Studies are being made ^deter¬
mine the advisability of taking advantage of this pnvilege.
V. 16 ,

...

par)

shares

purpose

of

units

to

Operating

outstanding.

sold

retail

handle

to

it

Western

$4,665 064

share on 2,935,000 shs. of com.

22,162,000

26,722,000

The net in 1944 was $232,488, or $1.25 a share.
written in the ten months were $3,535,198 compared
with $3,817,025
in all 1944. Western Casualty's subsidiary, WesternFire Insurance Co.,
had premiums of $1,415,612 in the ten months,
compared
with $1,408,488 in all of 1944. The operating companies
are
licensed to do business in 31 states. ("Wall Street Journal.")-»-V.

882,570

736.140
$3,449,094

2,689,000

$4,743,000 $51,571,000 $42,182,000

$6,982,000

previous, while wholesale accounts
1,473 at Nov. 30, 1944.—V. 162, p.

paid'were

3,525,308

738,757

$2,054,000 $24,849,000 $20,020,000

3,705,000

—

233

were

expected

Total

J:!.,1

$3,429,563

—.—

above——

>

have indicated their inten¬
the capital stock, payable in March,
1946, of not less than 25 cents a share and paying regular dividends
quarterly thereafter. Net income of the Casualty company in the first

$7,839,821
585,929

3,658,047

2,712,954

/

>,

$750,000

The

$4,665,064^ $4,407,878
■

offering,

: i 1945—11 Mos.—1944

1S45—Month—-1944

#

$3,277,000

sales '

year

159, p.

$3,429,563

Monongahela West Penn
not herein consolidated.

tificates

$5,199,500

______

180,000

as

per

$6,001,956

the

: "^.7^

Supply Co.—Nov. Sales Up—

30—

$8.2 million.

before spe-

financing.

over

Outstanding

13,855,000

pfd.

(no

PURPOSE—The

of

for

The

FINANCING

1,000,000

amount

issuance

shares

stock

cash.

$5,200,000

1970

preferred

stock

this

Earn,

$4.25

bonds—•

...

7—

cumul.

Balance

.

;.■•"./■'v/V

done

the

5,052,700

*

common

surplus—
stock

adjustment—

tax

$4,451,764
1,002,670

postponed

has

company

"■

———_

with

payable

$8,425,750
3,550,142_\2,680,979

com.

adjustment

Tax

(2>

50-year

1960

for

and surp.,

cial

1,002,669

the

2314.

2993,

Nov.

sales

from

$9,552,098
-

total

a

,

1961

ferred

the

bonds, 31/8% series due 1970

$4.2o

issued

for

preferred

$1.10

Georgetown Gaslight Co. 1st mtge. 5%
50-year gold coupon bonds—due Aug.

*Of

preferred

Authorized

mtge.

—due

$5

such

for
and

stock
Balance

$4,432,232

—

"Reclassified

15

,

Gen.

of

exchange

preferred

Dec.

CAPITALIZATION
_

basis

$4.25

expired

to

shares

$6,473,399
2,021,635

1,746,450

dividends-—-

Balance

;

share and dividend.

per

of

income—

Preferred

pre¬

ing

price

$6,178,682

$8,880,092
672,006

$6,020,338
453,061

deductions—_

Income

New Issue of Preferred

—

$5,698,150
480,532

income—_

income

*■

has
authorized
the listing
of
stock
(par
$1),
on
official
number of shares of capital stock

capital

without^an underwriter, the company increased its capital
to $1,000,000. A stock dividend of 25%
Was ordered,
the parent,
increasing the capital to $937,500. The re¬
maining $62,500 of the $1 million is represented by 6,250 shares of
stock, which will be sold publicly. The price has not been set but
ing

ten

ferred stock (no par) was
exchanged for the $5 preferred
stock.
The unexchanged 10% was taken
up by the un¬
derwriters headed by Alex. Brown & Sons, and includ¬

of

__—:—-

—„—_______

Operating
Non-oper.

884.

p.

Exchanged and Sold-—It is understood that approximate¬

for

4,681,634
Crl,161,634

3,500,000

3,705,000

Inland's

stock

However,

28.

pp.

enable

tion

Gross

one

$10

is

income—

of

'j ;

Casualty & Surety. Co., a subsidiary, will offer 6,250 shares of
par capital stock. In preparation for the financing, which is be¬

ern

to

moted

1

on

out

of

As

shares.

capital

End.

a

To

211,955

210,507

of

6,250 Shares Publicly, etc.—

plant acquis.

adjusts.

shares

151,320

Western Insurance Securities

•

:

;

of

Amort,

of

goodwill

possessed

the

of

Exchange

making

There

239

revenues___

oper.

"

.:v J

covers
the operations
Lines,
Mr, Coulter said.

,^

Stock

607,830

of

Dec.

pared

1945—12 Mos.—*1944

-

reconversion.

Air

shares.- "

issuance,

Combined

$23,778,520 $22,946,745 $31,671,911 $30,625,868
Operating expenses
8,536,277
8,081,647
11,411,880 10,631,836
Maintenance
1,992,781
1,810,949
2,843,608
2,340,317
Taxes, other than Fed.
-J
■
income
1,423,621
1,386,510
1,803,827
1,886,374
Prov.
for deprec.__
2,212,184
2,147,301
3,000,549
2,874,820

29

instalments

annually to Nov. 1,

Subs.)—Earnings—

1945—9 Mos —*1944

Period End. Sept. 30—

principal

Air

Western

been

report

Inland

Wholesale sales

bonds
3.5%,

on

WTest Penn Power Co.

;

purchase or lease of these
Reconstruction Finance Corp.
delivered to Western Air

the

undergoing

shares

162,

Retail

income

mortgage

1945,

31,

ended, Oct,

,

.

already

nine-months

York

for

Period

record

the

T

President,

;

cumulative interest through Oct. 31, 1945. Checks will
Feb.
1, 1946, by the Central Hanover Bank & Trust
-of
New
York, paying agent, to the bondholders of record at
close of business Jan. 19, 1946.—V.
161, p. 349.
*
t
mailed

with

way

have

already

Western Auto

*

amounted to $217,000 in the latest
p. 2193.
;
<

the

on

under

planes

1945,

of

applied

1944
$351,991
$0.59

full

being

quarterly dividend of 50 cents
share on the common stock, payable Jan. 4, 1946, to holders of
DecJ 17, 1945, placing the stock on a $2 annual basis.
This is

per

Coulter,

A.

of record Dec. 10 were given the right
to
subscribe for additional capital
stock
($1 par)
to the extent of
1
share for each
4 shares
held at $20 per share.
Rights were to

Washington Properties, Inc.—Interest Payment—
Interest

6%,

Negotiations for the

liners.

Air's

Holders

1945
$330,686
$0.55

taxes___.

share

common

Estimated

for

Warner Bros.

V;v.

">
carrried forward
with Douglas
which will cost $2,475,000.

being

currently

additional

expire

1213.

p.

second

by

,

stockholders, William

the

subsidiary,

New

notice

162,

Petroleum Corp.—Earnings—

Warren

Quarter Ended Sept. 30—
income after charges and

$1.30

outstanding.—V.

the

fares

passenger

that contracts have been signed with the Douglas
the purchase of ten four-motored luxury liners,

now

164,218

197,876

,$369,883

$511,903

$728,081

months

of

The

1942

•,■■■■•:y\.-

■'.%

■/,

•:

—

1943'

$1,791,611

$0.89

$0.52

common

reduced

Listing of Additional Common Stock—

V
Calendar Year

period against $386,000 a year ago.—V. 162,

jEarnings

Western

Western Air's $14,000,000 expansion program.

are

are

30,

total

1944

9-30-45

Net

excess

11—

taxes

for

<fc

income

!'

two

Sept.

•

1943

$5,669,286

1945

_________

amortization

and

Federal

profits
Prov.

1944

$3,158,152

30—

;

over

increased

V

to

on

out

these

Western

;

.

'

income

2992.

p.

146,965

Sept.

—

and

$802,569

,

week's "Chronicle" should

*9 Mos. End.

(& Subs.)—Earnings—

Ended

_____

:

follows:

read as

Period—

"This

Interest

8%

share.

per

quarter

$5,025,000.

are

company's

the
1945.

convertible

Walworth Co.

per

covering

of

of

;

This payment will cause the arrearage on

1946.

$945,607

2688.

p.

of

be paid Jan. 31, 1946, to holders of $3 convertible prior preferred stock
of record

*

Balance

prior

convertible

$3

$1.50 per share, which, with a similar
dividend paid
on
June 30,
1945, caused the total payment on this
stock during the year 1945 to amount to $3 per share.
On Nov. 26,. the directors declared
a
dividend of $3 per share, to

of

Co.

passenger

planes

470,015

"

of

share; second
share; total

per

cents

Delivery of five of these new air giants will be made between Decem¬
ber
and March,
he said. '
In addition to the 15 DC-4's and DC-6's which the company expects
to
acquire from the Douglas company,
Western Air will obtain a
total
of
five
four-engined
C-54's
which
the
airline
will
convert

$2,199,723

:

deductions__i______~—.—895,145

other

income

Dividends

Convertible Prior Preferred—

paid

were

the rate

at

quarters

.

been

Clears Up Arrearages on
On

cents

26

quarter,

$0.27

three

earned.

report

cost

a

Four

preferred stock

cents

third

29

quarter,

third

first

the

for the purchase of five additional airplanes

Drl8,455

241
$2,310,767

income

Interest

mill located at Donken, Mich., was
designed by company's organiza¬

saw

This mill has

:

revenues

$0.91
for

-

that

statement
a

pointed

919,999

608,440
$2,310,526

profits

excess

income

Gross

are.

t

actually

included

927,028

—

&

1944

expenses

his

In

taxes

income

91

the

fact

the

to

866,974

■.

General

tion, and it is generally recognized to be the most efficient mill in that

$3

(INCL. SUBS.)

—-

months,

during

111,553

in the third quarter-increased faster than parallel
increases
in
operating revenues.
The company's operating expenses
rose .14%
as
compared with the second quarter.
Had third quarter
passenger fares been held at the same level as those in effect during
the
second
quarter,
the resultant earnings per share
woullj have
been
approximately 39 cents per share instead of the 26' c<Ks per

be¬

conditions

Federal

and all taxes—$78,223

4.

$2,808,620

373,739

——_

share

First

share;

per

vV'

operating

1945

30,

ENDED SEPT.

NINE MONTHS

provid. for reserves

1945, the new

25,

Due

.-

872,586

nine

Revenues

Negotiations

EARNINGS FOR

officially opened.

deferred

charges

•

cents

taxes

per

follows:

as

quarter.'

Washington 5,
A

36

the

for

stock have

1945
1944
$14,343,748 $14,014,694
8,669,382
8,258,850

___—__A_—

operating

war

Depreciation

Vulcan Corp.—Earnings—
Net earnings after

quarter,

J1

—______

J

:

for

Provision
cause

/

:

31

OCT.

ENDED

MONTHS

12

_

Maintenance

'

1557.

p.

A

,

$5 cumulative preferred

revenues

Net

Total
—V.

/.

,

earnings

been

1945
$5,278,242

___________

and

share—

capital

per

Comparative

redemption on Jan. 19, next, at $105 per share and
Payment will be made at the National Savings & Trust

EARNINGS

$^,282,404

(net)

stock

•

;

charges

after

have

/

Sept. 30.—

revenues

profit

Earnings

8.4
6.4

for

12 Months Ended Oct. 31—

534,100
10,910
2,500,000
701,334
2,491,306

taxes

Capital

Net

•

& Co.-

Jones

transfer agent, 15th St. and New York Ave., N. W.,
C.—V. 162, p. 2688,
:
c
:'

Operating

5 ■

.

V

2599.

p.

9 Months Ended

Total

8.4

____________

,

Reserve

161',

;

'KB

Western Air Lines, Inc.—Earnings—

Co.,

&

Co.,
D.

accounts

Accrued

Lukens
C.

outstanding shares of

called

been

LIABILITIES—
Current

income

—V.

9.4

.

——

Robert

9.4

Calls Preferred Stock—

$8,282,404

■' $6,193,094

—

Exnicios

Inc.

14.5

dividends.
Total

Net

1945

270,104
208,203
324,319

33,172

:

subsid.

in

refund

Coe—

Robinson, Rohrbaugh &

14.5

&

&

Ferris,

M.Jk,
Co.

Lemon

Goodwyn

1,773,996

411,205
208,203

profits tax———_

assets

Investments

Post-war

I

Parker &

Nolan
Inq
& 01ds______

Folger,

1,111,808

Mackall

14.5

Redpath
Johnston,

1,017,836.
610,036

receivable

Sons

&

Auchincloss,

Nov. 5, '44
$2,966,102

___—.—1,011,237
314,541
—.—,_i—_
1,626,145
________—,—_
1,649,483

obligations^

accounts

Inventories
Fixed

-

-

Brown

36,000

$1,067,586

income—

income—

Gross

Percentage

Percentage
Alex.

23,121

31,500

on

,

,

COMPARATIVE BALANCE SHEET

'■

'

income-

depreciation-

taxes

Operating
^

313,065

than.Fed-on

t

1945—12 Mos.- —1944

544,660

expenses.

taxes

eral

follows:

as

ni

.

$1,203,686

revenue

other

Taxes,

purchase

principal underwriters have agreed to

several

New York,

Co.—Earnings-

1945—9 Mos.—1944

Maintenance

respective names of each of the. principal
respective ' percentages of the $4.25 preferred

the

and

which the

stock

45 Wall St.,

trustee,

1

Railways

UNDERWRITERS—The

Surplus

York,

30,

'

'

Penn

Operating
Operating

.

in territories within

and

estimated

is

of

1030.

P.

Period End. Sept. 30—

District

the

within

conducted

are

company

161,

i-r.

viz:

subsidiaries

Co.

Trust

States

Y.—V.

N.

Virginia.
Company provides the entire
mixed gas requirements of Washington Gas Light Co. of Montgomery
County,
Md.,
substantially
all
of
the mixed gas
requirements of
Rosslyn Gas Co., and all of the natural gas requirements
(for re¬
forming and enriching'purposes) and a part of the mixed gas require¬
ments of Washington Suburban Gas Co.
The
population of the territory served by the company and Its

1,472,721

$424,830

has

Columbia, while its several subsidiaries operate

the

$2,184,046

283,381

—-—

contingencies

for

Provision

*$708,211

United

engaged in the gas business for
by an Act . of Congress approved

County, Md., Rosslyn
Washington Suburban Gas

and

The

of

parent before Federal income and
excess
profits ■ taxes_;._.—
Federal Income and excess profits taxes (net)_

The company has called for redemption on Feb. l, 1946, at 102'/a and'
interest, out of moneys in the sinking fund, $229,000 of first mortgage
series A 2%% bonds due Feb. l, 1970.
Payment will be made at the»

1848.

company

Corp.

of

Earnings

manufacturing,

Montgomery

Nov. 5,'44

Nov. 4, *45

peri0(j

of

a
corporation, has been
having been incorporated

years,

July

-

.

Washington Terminal Co.—Partial Redemption—

and its subsidiaries are engaged
purchasing, distributing and selling

BUSINESS—Company

cooking,

for

Company,

bonus

with 18 shares of common stock given as a

&

business

heating, refrigeration and other purposes within the
metropolitan area of Washington, comprising the District of Columbia
and
adjoining
territories in
the States
of Maryland and Virginia.

tures

par,

the

gas

Monday, December 24, 1945

CHRONICLE

THE COMMERCIAL & FINANCIAL

3122

A

Steel Corp.

liquidating dividend of
stock, payable Dec.

common

for $6,217,363.
$40
26

share has been declared on" the
holders of record Dec. 22.. In addi¬

per

to

tion, it is estimated, there will remain for common holders about $1.22
a
share, or $179,954, after liquidation of preferred stocks to cover
costs
The

of

dissolution.

company

retirement

to

$129,300

since

June

of

30,

will

the

on

pay

$10

the
1945,

quire $5,903,480 for

a

par

12,490
of

the

final
7',(

and

$4,529.

147,587

complete

cumulative

shares

The

$40

shares

dividend

liquidating

preferred

outstanding,

plus

dividend

on

stock

common

outstanding.—V.

in

amounting

dividends

162,

accrued
will re¬
p.

2689.

;

T

Volume 162

Western Tablet

■

The
on

directors

the

Dec,

declared

dividend of

a

cents,per share

50

stock, payable .Jan. 10, 1946, to holders of record
Payments during 1945 were as follows: Jan. 2 and
50 cents each; and Sept. 29, $1,
Dividends in 1944 also

1945.

30,

totaled

$2

per share.—V.

162,

1213.

p.

Western Union Telegraph Co.
Period End. Oct. 31—
Gross

oper.

-Earnings-

1945—Month-

1944

1945-

Wisconsin Electric Power Co.—Earnings—

Wilson & Co., Inc.—^Preferred Stock Offered—An un¬
derwriting syndicate headed by Smith, Barney & Co.,
and Glore, Forgan & Co., on Dec. 19 offered to the pub¬
lic 120,778 shares of $4.25 cumualtive preferred stock (no
par) at $100 a share, representing the balance of 250,000
shares offered to but not taken by the holders of $6

Stationery Corp.—50-Cent Div.—

14

common

27,

June

&

Dec.

on

3123

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4449

INCOME

Dec. 17.

revenues..

17,090,700

Operating income
wet
(earris, bef. inc. taxes
Federal income''taxes—.

1,264,285

1,717,885

13,354,997

,16,077,683

in

^

1,208,942

8,360,834

11,339,909

be

issued

230,Q00

62§,000

2,105,000

5,335,000

599,306

582,942

*6,255,834

6,00.4,909

Net

-

Inc., after all chgs.

'Before

.

:

deductingv extraordinary

adjustments of inporop in 1945,
$5,856,739, principally estimated retroactive wages ap¬
prior to 1945 arising from? award of National War

amounting

to

plicable

period

to

Labpr Board of Oct, 17, 1945, less estimated recoverable Federal income
tax

jpaymepts for prjor- years,, Incident, thereto,

Dividends

Of

reflect

the

the iNatipnai

employees.
for

estimated

retroactive

wage

liability

the ' basis

on

Board's, award, of Opt.,17, 1945., applied to all landlino
incideiit

to

the

retroactive' wage

liability;—V.

162,

Westinghpuse Air J^rake Co, (& Subs. )l—Earnings—

i—' 12:

Net profit

—-V:

any

on

Aate

July and Qct.
Redeemable
at least 30 days' notice at $103

1950,

on

dividends

<

1, 1950, with successive reductions Of $1 per

$894,101
3,172,110
$0.28

capital

sharea_._t:i_.^._-.
share^L—

per

■

162,

$0.35

.

The

9 Months Ended

(& Sub.)-—Earns.
1945

•

Sept. 30

•Operating profit'

———a:.—-.

37,924

104,901

Total .income

a;.——a..

$784,096' $2,156*,416
5,720 :
129,594

,

deductions /——a:——.—..
Pederal taxes on income—estimated—

Post-war

adjustment

•

——/

141,400

Net

.profit

.

——
$253,175
share.—$1.57

per

$2.83

*After deducting' cost of goods sold, depreciation and amortization,
engineering, administrative and general expenses,
fNormal-, income
tax and surtax,- $158,000; excess profits tax (after deducting $40,800
estimated post-war refund), $367,200.
1
NOTE—Contracts
the

for

J war

of price

basis

(ire subject to renegotiation
of April 28, 1942, a^s Amended.
settlements for prior years, no

products

War Profits Control Act

under the
On

reductions

and

J

.

determination

or redetermination
of costs, rate of profit or other
affeqtilig amounts payable to Weston as contractor or sub¬
contractor, changes in the Federal' tax laws, and to the result of
final determination of tax liabilities for prior years.—V. 162, p. 819.

Westvaco

Chlorine Products Corp.
Sept. 30—

•Net
profit
Number of common

Earned

•After

CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING

$4.25 cumul. preferred stock
Common

The

excess

$1.52

,

Timber

Net

91 Months Ended

Sept. 30—

sales

•Profit

Income

&

Net

: /

.

-

taxes^_c._™

•After

1,364,838'

$484,853

$519,481

$527,657

30,

stock

A

•

with

:

'come.,

to

already

made..

This

means

stock

;

Blyth
The

&

:

Co.,

First

•

;;

expansion plans for the bus division are also under'
"White'has a. backlog of. approximately ,$14,00.0,000 worth of c
needed .city transit: buses," ,Mr.. Black said. ."This- includes
orders
from -approximately
100: customers
distributed
uniformly
throughout' the: major cities in the United States.
Practically every :
city has modernization programs started, due to the shortage of new

-

•.

•

r

S.

-

pursuant -to
Percent.

*

Co....

Fed.

•$81,005Cr60,515

taxes__

Net

*$14,490

profit
—
shares outstdg.^_j:

Com.

per
•Loss,'

.•■...■•

••

;

■.

EARNINGS"FOR

}

$79,098
'346,790
$0.07

:

.

Nil.

-J

.

*

52,732

346,850

v

share—•

Earns,

$131,830
.

li;

,

profit

Earned

—V.

per

162,

p.

$282,042
346,790

'

$0.27

$0^4.

Curtis
H.

1944

$645,091
289,455

$0.96

Ended Sept. 30—
operating income'

before

Income

taxes

taxes

H.

1 Q4d

1943

$3,050,615

272,568

15,000.

253,642
17,000

$257,568

$236,642

•

280.979

162.

P.

720.




.

2.40

$0.92

$0.84

$0.70

$2,784,122
243,114
45,000

2.40

;

"

.

$1,169,791

Co.__——_

,

ridge

J.

-

$1,226,801

1,879

219

$1,178,029

—

$1,187,265

$1,227,020

526,465

522,554

530,795
$656,469

—

Federal income arid

$704,466

profits taxes.—-V. 162, p. 1213.

excess

.

1945—12 Mos.-^-1944

1945—3 Mos.—1944

$3,545,885 $14,877,815 $14,239,*62
8,005,507
,7,397.576
1,943,013

$3,586,626
1,959,197

& deprec...

..

1,786,084

41.2,901

1,750,375

.550,200

2,471,900

2,122,700

oper.: income-

$634,145

"$639,772

$2,650,033

$2,933,102

.J—

24,993

5,236

41,976

31,882

$659,138
336,078

$645,008
342,034

$2,692,008
' 1,365,568

$2,964,984

$323,059

$302,973

$1,326,440

$1,582,555

1,111,928

1,112,961

-=-V.

Co

—

income

&

.40

,•

.

-

Yarmall

&

State

of

fo

162,

p.

12 Months Ended

7 ■"

operating revenues

....

operating revenue—*
Non-operating revenue

!

gross

income

,

■;

:

1

T■•

and

plant
war
,
•

tax,

profits

excess

.40
.40

2993.

under carry-back provisions, $211,600; property,
(after reserves for depreciation, depletion ana
$22,092,996), $9,263,809; development, depletion and

equipment

amortization of

preparation of mining properties (less
$1; deferred charges, $149,055; total,

•Includes Federal

income

$18,224,736.

sundry accruals, $1,815,217;
Federal income taxes and war bond subscrip¬
tions withheld from employees, $93,595; reserves, $617,295; 7%
pre¬
ferred stock (par $100), $7,186,133;
common stock (200,000 shares
no
par),
$4,388,889; surplus, $3,955,171; preferred stock reacquired
(37 shares), Dr$3,700; total,
$18,224,736.—V. 160, p. 1121; y. 161,
p. 2795; V. 162, p. 1442.

Woodward Iron Co.—Earnings—

$9,263,856
8,248,530

$8,585,797
7,480,070

$1,005,413
19,511

$1,015,326

$1,105,727

13,531

Dr6,930

$1,028,858
427,603

$1,098,797

and excess profits taxes

amortization), $100,635; patents,

payable,, incl.

taxes, $172,136;

9 Months-Ended

$601,254
-V.

162,

436,445

$662,351
p.

Gov¬
(less

$179,060), $1,461,229; advance payments on ore contracts,
$129,493; inventories, $4,377,973; cash for employees' Federal income
taxes and war bond deductions $93,595; claim for refund of Federal
of

reserve

$9,522,994

$593,096

„

1945

oif hand and demand deposits, $555,623; U. S,
securities, $1,881,723;
notes
and accounts .receivable

profit

•Net

Common

Earnings,

per

1031.

t$592,608

338,446

338.446

outstanding

share.;.—

charges
contingencies.

and

.

NOTE—Earnings

$1.75

$1.80

—

Federal

taxes.

1943
$844,816

1944

■

$608,030

-

—

shares

;

1945

Sept. 30—

tAfter

reserve

of

.

336,223

$2.51

$180,900 for

"
for nine- months

profits tax,—V. 162, p.

are

estimated

to be exempt from

611.

(Rudolph) Wurlitzer Co.—Earnings—
Quarter Ended Sept. 30—
Netprofit after charges and taxes.

income.:

$338,563

ASSETS—Cash

1943

431,829

417,000

$82,226

CONSOLIDATED BALANCE SHEET, SEPT. 30,

excess

from

39,000

completed

■■

ernment

$1,024,924

Income

316,142

1,000

and

„

OF WAR CONTRACTS—Under the renegotiation
the War Profits Control Act, renegotiation proceedings
to Dec. 31, 1944, and the companies have been
given a clearance without liability for refund with respect, to profits
lor the years 1942, 1943 and 1944.' It is expected that similar rene¬
gotiation proceedings for th,e year 1945 will result in no liability for
>

1944

8,517,581

i

315,470

$16,161

Federal

—

of

been

''refund.

1945

Sept. 30—

.

109,525.

...——

RENEGOTIATION

have

accrued

the offering 'currently being made.—V.

$6,040,321 $19,542,819 $21,575,645
5,642,972
18,262,858
19,450,089
270,663
843,265
1,053,851

taxes———____.a—

income

provisions

Stock Exchange has. authorized; the • listing
of
$4.25' cumulative preferred stock (no par) and
common
stock
(no par)
on
notice of issuance

York

shares

—1—-

of opers...

exps.

estimated

income

Net

.40

.40

—_

and

9 Mos.'44

9 Mos. *45

$6,022,080 $19,484,062 $21,509,836
18,241
58,757
65,809

:

.40

'Co.'.

$469,594

$214,512

3 Mos. '45

>
revenue—

profits taxes.—
for

Prov.

.40

Co._^_

sales

of

cess

Sullivaix & Co.—1 .40
Woodard-El^vood &

operating

(int., disct., rentals, etc.)

income

Total

.40
.40

Harold E. Wood & Co

277,865
$25,108'

$45,077

Deprec., depl. and war amort..—.
Taxes, other than income and ex'

.40

M. Dain & Co

and

sales

Cost
:

>

Co._

Z—-

1

.60

.

—

Other inc.

.60

Co

277,982

requirements,.

1,382,429

/

162, p. 2689.

Net

;

;

Peters, Writer & Christensen,' Inc.
—.40
Sills, Mihton & Co., Inc..
.40
Stix & Co.—:
.40

1.60.

1.20

&

—

(Alan) Wood Steel Co.- -Earnings—

1-20

Co.—

income

Period Ended Sept, 30—

.80

Cp.._—„

Demipsey & Co.—
Henry Herrman & Co._
Kirkpatrick-Pettis Co.
Loewl & Co._l

Co.j—._M.20,

of

Net

$1,185,386

8,238

,

(net)—.

& :Co.—.80

Kalman & Co., Inc.__—___
.60
Moore, Leonard & Lynch. ' .60
Mullaney, Ross & Co..
.60
Piper, Jaf fray & Hop wood
.60
Reinholdt & Gardner'—^0

.Cruttenden

>

Corp.— 1,60

&

&

Turben

Bosworth, Chanute, Lough-

.

Stpne; & Co.— 1.20

New

Gross

3,768,882

558,400

Balance

Listing ,of Preferred Stock-—

Total

$4,995,683

4,065,220

434,884

!

Co-..—1.60

Blair

pursuant

$5,250,606

$651,565

LIABILITIES—Accounts

.

1943

$5,496,227
4,326,436

'

taxes

Pfd. 'div.

Percent.

roeder, Inc.
/Janney & Co

2.40

& Co.,— 1.60
Inc.r__i,/;.___ 1.60

Milwaukee

The

.

,

—

taxes—

Gross. income
Int. and other deducts.

Corp.:__l 1.20 '

.80

Collins

282.220

profit:
—-—,
of capital shares——•
Earnings per share —S"—
—V.

&

Witter &

Deductions
Net

'
American

——

^'„_v 2.00
'Co..Ii.—_ 2.00

,

Co.,

Rlter &

subsidiary.

profits., -taxes., v-v——

income

Net

Stroud & Co., Inc
A^hold and S. Bleich-

M.'

The

and

revenues

exps.

Net;

.$198,114

280.937

:—

Number

1

offer;

2.40

—

$3,736,607
——

•

.80

Whipple

/Hayden,

exchange

Newhard, Cook & Co._—

ByUcsby &"Co., Inc, 1.20.
Rawley, Shepard & Co.i— 1.20

,

$3,695,473

transportation

in

Taxes; other than Fed.

preferred-

new

Julien

Net

1945

9 Months

of

Merrill,

Kebbon," McCormick & .Co; 1.60
Dean

500,000
$4,150,183

investment

on

revenues——

expenses

•After

Wilcox Oil Co.—Earnings—

losses

income.———...

Operating
Oper.

ended

3.00

•Operating expenses and taxes——.

Profit

weeks

Wisconsin Gas & Electric Co.—Earnings-

1442.

Gr^ss

35

3.00

Inc.__?2.00

Jackson &

Securities

$746,757
193.828
$552,929

the

3.00

2.40

Co.,

275,000

S0.40

share..

&

Walker

-Bacon,

500,000

provisions

Period End. Sept. 30—

.

2.40

^

Co.

Webber,

Adamex

330,463

*

$4,056,803

500,000.

$4,118,508

Income.

Net

Farwell, Chapman & Co... 1.00
Hayden, Miller & Co.1.00
Carl M. Loeb, Rhoades &

Qorp.._w_ 2.40

250,600" shares

$355,636

—

common

$257,717
•346,850

1945

.

Net

.188,028

MONTHS ENDED SEPT. 30"

Federal ' taxes
income & excess profits taxes_„_^_,.

Federal

#.$470,07,0

171,811

■

before

Profit

$429,528
.

for

•

BeaneJ—2.00

&

Paine,

the

Swiss

Langley &. Co.2.00
Lynch, Pierce, Fen- A ; v

ner
,

Weeks—

&

Hall

C.

Merrill

"William

bef.

$4,195,473
500,000

Wisconsin Power & Light Co.—Earnings—

Singer, Deane & Scribner. 1.00
Baker, Weeks & Harden..
.80

The Illinois

.

Profit

■

Corp... 3.00

&

Moseley & Co

Blair &

.

Federal income taxes—-

42,577

$4,556,803' $4,650,182

Deductions from gross income..

■

&
Co/—_____ 3.00
Ripley & Co., />■■■

Wisconsin

Harris,
W.

G.

'

In preparation for. the greatly increased volume ahead, White has
buift up.; its distribution, facilities until " if ridw has" 43 branches, 183
distributors and, over 300 dealers.—y, 102, p, 924..: " "V
r, V:

White Sewing Machine Corp. (& Stlbs.)—Earning?—:
Rerlod End! Sept* 30—
1945—3 Mos!^-1944i:" ' 1945-^-9 Mos.—-1944

oper.

Gross

Co.
1.00
Maynard H. Murch & Co.. 1.00

Higginson

The

Pretentious

bu^es during the war and White's projected new facilities for pro¬
duction will enable the company to accept more than twice as much
bus business as - previously.
1 Between 1,000' and 1,500,buses -will H>e
built in 1946.".■■■
v'
:
••
-

Lee
F.

urgently

.

,

2,117,048 shs.

3.00

Hornblower

way.

.

66,767

$4,618,508

—

operating

•Includes

of issue of the shares
offered is to effect the

Inc..—3.00

Boston

Sachs

Harriman

of

for "years

330,463

80,162

,

,

Goldmafl,

doubling

a

.

reported

Smith, Barney &. Co._.— 6.00
Glore, Forgan & Co.__^__ 6.00
Kuhn, Loeb & Co.—_^._._**3.40

,

schedule'

A heavy:'backlog of orders insures the market
s'.■ "•■'■' *•:. •"

250,000 shs.

common stock
retirement of all
presently outstanding 274,085 shares of the old preferred, stock,

Inc.

commitments

330,463

129,042

:

Federal income & excess

pprpose

for ..old-preferred

Large Expansion Program—

production;

$8,035,656
3,467,143

Net operating revenues———
Non-operating revenues.—.

.

1,056,357

250.000 shs.

OF EARNINGS FOR 1945

$2,526,097

expansion program in which this company wlil spend
Lehman
Brothers
$9,000,000 during- the next 18 months for machinery, equip¬
Union
Securities
Corp..—
ment and plant additions was announced by Robert F. Black, Pres¬
A.
Becker & Co., Inc._
ident of "the. company, on Dec. 4, 1945.
v.7 v-.-,
I;;:?'
Central Republic Co., Inc.
Re pointed out that the1" company has a truck production schedule
Eastman, Dillon & Co._.__
calling for
of 18,000
in 1946—a
based
on'material

$8,412,622
3,365,210

330,463

contingent

Other

heavy

units

$8,384,447
3,417,018

.

:

2.5Q0.QP0 shs.;

soihe

the-manufacture

:

:

1945.

Hallgarten

White Motor Co.—Plans

3,302,685

...

$17,723,000

•

'

UNDERWRITERS—-The underwriters, are not: irrevocably bound to
purchase any of the new preferred stock hut .have severally agreed to
purchase, from the company the respective percentages set opposite
their names of new preferred stock offered but not issued in
exchange

v.,:"

...v-.;.

......

/V

-Outstanding

•

requirement on the maximum
preferred stock to be outstanding after com-.'

and

of the

298,525
$.1.77

298,558
$1.74

, .

$8,380,698

annual, dividend

new

.' SUMMARY

compared

1,593,723
.

$7,480,860
554,796

Wisconsin Michigan Power CO.—Earnings—
1945
1944

Total

■

depreciation, provision for foreign contingencies, etc.—V. 161,

2795.

the

PURPOSE—The

M

1,331,699

§utstanding common shares..—'
298,618
arnings per; common share..;—; $1,62
p.

of

,

—'

$7,946,109
466,513

for income taxes in the 12 months ended
Sept. 30, 1945, do not reflect estimated reductions in tax liability for
the company of $52,580 and for the company and subsidiaries con¬
solidated of $67,180 resulting from losses sustained on sales of certain
properties.
Such Josses have been charged to earned surplus and the
estimated • resulting
tax
reductions
have
been
credited . thereto.-—
V. 162, p. 1031. 7 ■ '■
;

Oct.

27,

June

.

profits taxes_i>w

excess

profit

Oct,

(& Subs.)—

1945'
1944
1943
$12,560,737 $12,678,630 $12,648,986
1,816.552
1,884,319
2,121,380

$7,920,915
463,532

subs

income—

•For

reported preliminary net earnings for the fiscal year,
27, 1945, of $5,036,601. The improvement in both the in-/
M dustry-and in the company's business during the latter part of the :
year is illustrated by earnings of $2,510,504 in the 17 weeks ended

Co. —^

—————.a;
income

before

of

NOTE—The

company

ended

Secondary Offering—
Blyth & Co., Inc., on Dec. 11 made a secondary offering
of -4,350 common shares (no par) at $71 per share, with
a dealers discount of $1.25.—V. 162, p. 2065.
;
^ ;

Net'

$7,885,737
494,961

revenues...

deductions——a.

•Total

Authorized

(no par)„

par)_

•

Shares of

■

The

profits taxes.—V. 162,

($. S.) White Dental Manufacturing Co.
Earnings—.
" .•
'•
; •

4,554,891

•Appropriation

pletion of the present financing is $1,062,500.

$1.61

- .-

(no

amount

of 250,000

v.//M;,/VV'>;/: ^ :V

Weyerhaeuser

stock

353,132

1944

y

1st mtge. bonds, 3%, series due 1958-^ $20,000,000
Minority stockholders' equity in subsld^
■:
'Maries consolidated

..

1943
$759,867

353,132

charges and Federal income add

2314,

p.

$787,745

7

1945

share,-——a.—, $1.67 J

per

-

;

353,132

5,975,867
4,124,399

4,745,993

company,

at Omaha, Neb., under a lease which expires March 31, 1963;
owns and operates
a
storage and processing plant at Faribault,
Minn., and an ice manufacturing and product processing and storage
plant at Chicago, 111.
,
-■■..

;

(& Subs.)—-Earns.

$894,679

'
shares,

4,920,3Q5

7,003,124
4,609,287

12 Months Ended Sept. 30—

factors

9 Months Ended

<4,612,057

7,939,560

Balance of income—_

and

-

further adjustment of contract prices is anticipated, .and',,
.provision therefor has been made. Subject further to the result

no

',*,406,6?#

income.?—.

stocks

plant

significant
of

oper.

other

Company owns and operates slaughtering and processing plants at
Chicago, 111.; New York, N.,Y.; Cedar,Rapids, la.; Albert Lea, Minn.;
Kansas City,
Kan.; Oklahoma City, Okla.; Columbus, Ga.; and Los
Angeles,
Calif.
Company operates a slaughtering and processing

$454,822-'

*

tax—8,144,-350

profits

Gross

,

Net

•

(INCLUDING SUBSIDIARIES)

and

Interest charges (net)—
Prov.
for div. on pfd.

'

Earned

inc.

inc.

Non-opqvating revenues.

lamb, and veal; "certified tender-made"
ham,-bacon and sausage; "certified" canned'meats
and "B-V";
"certified?* lasting-flavor products; "laurel" pure lard;,
"MOR" luncheon meat; and "Ideal", dog food.

1525,200 \ 1,430,600

reserve.—^

than

est,

Pfov, for depreciation^.

"certified"

ham;

post-war credits of $428,240
"
"

and

A,381,386

for

excess

,

which include "certified" beef,;

•

500,000
$4,379,729

.

smqked or in cans under nationally advertised brands of the

■

Other

Prov,

6f buying, slaughtering and dressing livestock,
selling meats, meat food products, and related
During the fiscal year ended Oct. 28, 1944, sales of such
products were approximately 83% of consolidated gross sales;
Such
jmeats, meat food products, and related products are sold fresh, cured,

,

500,000
$4,049,543

1945
1944
1943
1942
$45,677,182 $44,283,880 $41,662,396 $37,440,680
20,519,716
19,461,863
17,491,818
14,939,248

taxes

:

business in which the company and its subsidiaries
engaged is what is commonly called the meat packing busi¬

products.

$2,051,515

revenues—.
expenses.—w

other

Taxes
-

ness,
which consist
and processing and

1944

$746,171

Other income

,

.principal

been

have

Weston Electrical Instrument Corp.

'■

;

ware: Nov.

3,172,110

$0.47

'

500, Q00

$4,079,311

J—_

12 Mos. End. Sept. 30—
oper.

70,509

transportation

deducting debt retirement
1944 and $368,380 for 1943.:

Tptal

BUSINESS AND: PROPERTY—Company was incorporated. in Dela¬
30, 1925.
One of the company's predecessor corporations,
organized in 1893, took oyer a business founded in 1853.

$1,107,729

3,172,100
:,V?.

•'

v

in

income:

Operating

,

;

611.

p.

$1,497,124

^

■

$7,352,707
2,416,776
56,201

CONSOLIDATED INCOME STATEMENT

counsel for the company, the shares of $4.25
stock and common stock" will be exempt under
existing law from Illinois and Pennsylvania; personal property taxes
so long as the company remains liable. for
tapgible property taxes in
Illinois and for franchise tax- in Pennsylvania.
" ; ■: ■■■■■■?":

1943

•

case.

$7,088,325
2,468,273

2,364,252
109,182

•After

for

1955 and

each

in

—

;

567,200

2,820,572

contingent losse3

for

Investment

Net

:: In the
opinion of
cumulative preferred

•

$3,662,842
2,555,113

.

of

1,

a—

subsidiary ;

,

Quarter End. Sept. 30—
! ; ;
\ ; 1945
f
1944
Profit after expenses.^.—'
$3,201,690
$5,981,602
Income;'..taxes,2,307,589 /■ : 4,484,478

Earned

at

part

prior to Oct.
Oct.

on

accrued

No.

in

or

income

Appropriation

lieu

April,

Jan.,
time

$7,052,744

._

revenues.—.

Net interest charges——:
Other
deductions..

1960, plus accrued dividends in each
case.. $o long as more than
200,000 shares remairi outstanding, also
subject" to redemption on like notice through preferred stock retirement
provision at $101.50 per share prior to Oct. 1, 1050, with successive
reductions of $0.50 per share on Oct' 1,
1950; 1?55 apd 1960, plus
share

In addition, $750,000 was charged to October 1945 expenses

'contihgencies

whole

per share

of

2863.

p.

quarterly

operating revenues

Gross

.

"

cumulative preferred stock cumulative from

$4.25

on

payable

issue,

in

«

•

NOTE—Pending fihal decision of the .wage cases now before the
watfpnal War" Labor Board, the accounts for the first ten -months .of
1945

Net

re¬

the issuance of fractional one-half shares of common stock.

of

$5,889,483
1,463,224

620,100

Total non-operating

,

common stock will be
duced to the extent that cash will be payable by the, company in

<$5,720,203
1,366,A?2

3,523,050

Provision for depreciation—:

Stock, and' of the 275,000 shares of common stock offered in exchange
for $6 cumulative preferred stock, a maximum of 115,907 shares are to
be issued in exchange for 21,074 shades of $6 cumulative preferred

,Stock( Such maximum number of Shares of

$5,710,532
1,342,212

taxes

"Stale faxes—

exchange

829,306

——_

13,837,631
3,291,342
1,750,800
*3,315,620

3,115,927

15,549,955
3,154,739
1,869,800
*3,854,160
601,5Q0
2,948,821

16,467,023
3,095,921
2,137,900

Federal normal and surtax

:■

1943

$34,670,454 $33,699,179 $31,472,668

Federal excess profits taxes.

250,000 «shares of A4.25 cumulative preferred stock offered
for $6 cumulative preferred stock, 129,222 shares are to
in exchange fqr 129,222 shares ,qf $6 cumulative preferred

the

Of

15,660,073 159,046,202 154,855,841

;i'

,

,

ONLY
1944

1945

*—

operating revenues
Operating expenses
Taxes other than income

preferred stock under the exchange offer which expired
-10 Mos.—19*4

COMPANY

OF

STATEMENT

12 Months Ended Sept. 30-—

Total

Earnings

—V.

162,

per

common

p.-1442.

1945

$133,396

$0.16

share
I

'

1944
$244,910

$0.60

1943

$233,028
$0.52

THE COMMERCIAL & FINANCIAL CHRONICLE

5124

State and

.

Monday,'Decern bet, 24, 1945

City Department

BOND PROPOSALS AND NEGOTIATIONS
Mercantile-Commerce Bank

ALABAMA

Trust

&

Florence, Ala.
Bond Redemption Notice—It is

net

a

White, Weld & Co.,
Paul H. Davis & Co.,

Commis¬

the bonds will pre¬

All of the bonds

the First National Bank,
where payment

& Co.,

Florence,

ARKANSAS
Eudora-Western

Drainage

Chicot County,

Dist.,

Ark,

Bonds

should be presented for
to the Union Planters
Co., Mem¬
phis, Tenn.

coupons,

L.

payment

G.

National Bank & Trust

Board

•

-Dist.

No.

Call

Bond

i
;

.

•

.

;

y

Dec.

on

stated

in

15 from

1946, and will be redeemed at the

ed

Dinham, Inc., of Little Rock.

to

the

1

Savings

$175,000

1946 and

Due

1951

to

All of the bonds

Campbell, Phelps & Co.,
j ointly
_____ 100.18

on

1947.

$175,000

Harris Trust & Savings

on

on

Dec.

1955 incl.

are

Trust

tional
~

&

Alameda County

Sch. Dists. (P. O,
Oakland), Calif.

Sale—The

semi¬
annual bonds aggregating $15,432,000, offered for sale on Dec.
18—v. 162 p. 2865—were awarded
to a syndicate composed of the
First National Bank, of Chicago,
coupon

dated Dec.

Savings Associa¬

of

at a price
<.v\;

for

0.95s,

100.012. '

(City and County of),

.

Los

be

presented for payment at the j

National'Trust

vorably voted at the election held

for the

dn Nov. 30.

mentioned

&

Guaranty

Savings

Asso¬

ciation of San Francisco, Messrs.
Lazard
Freres
&
Co., Merrill
Lynch, PiereC, Fenner & Bea'ne, of
New York, Seattle-First National
Bank, of Seattle, Hallgarten &
Co., L. F. Rothschild & Co., both
of New York, Commerce Union
Bank, of Nashville, Stroud & Co.,
of Philadelphia, Julien Collins &
Co., of Chicago, Francis I. duPbnt
& Co., Gruntal & Co., both of New
York, Central Bank, of Oakland,
Fahey, Clark & Co., of Cleveland,
Kebbon, McCormick & Co., of
Chicago, J. R. Williston & Co., of
New York, Wisconsin Co., of Mil¬
waukee, E. M. Newton & Co., of
Boston, and'Foster & Marshall,
of Seattle, at a price of 100.16, a
net interest cost of about 1.213%,
on

the

bonds divided

$7,968,000

Oakland

follows:

as

ing bonds offered for sale On Dec.
18—v. 162, p. 2866—were award¬

1,

1950, as 3s, $3,110,000 maturing $311,000 Jan. 1, 1951
to 1960, as Is, and
$3,110,000
maturing $311,000 Jan. 1, 1961
1970, as iy4s.

1966.
was

bidders

were

Price Bid

\

,

For

li/2% Bonds
Security-First National
Bank, Los Angeles, and
R. H. Moulton &

•

.

-

■

101.53
/

^

Trust &

Joaquin

County,

—

The

obtained

were

$2,500,000

building bonds offered

bonds Due
$28,000 in
$23,000 in 1947 to

•

J

.

-

York,:

-;'r

;

Francisco,
National

1

Bank

&

Trust

Co.,

of

jointly

7:30
th-e

p.m.

(EST)

Jan. 7

on

refunding
The persons sub-

purchase

of

mitting such tenders must

desig-

Town,"

which

fthich

j
n«arincJ

firrn

mliet

for

offering must be firm for

such

in davs

the

interest payable

and

Principal

National

Palatka
Bonds

Palatka.

to

bear

Bank,
interest

expressed in multiples of V\, onetenth or one-twentieth of 1%, at
lowest

the
to

rate

obtainable when

at 3% when sold
the bidder who will pay 'the

sold

at

par,

or

highest price therefor, the Board
reserving the exclusive and un¬

qualified right .totdetermine, who
is the best ^.bidder, and to reject
any or all bids;
The-payment of
said bonds and, the interest there¬
on
will -be secured by a pledge
faith, credit and taxing

said

of

power

District,

and

an

of said District's
distributive shiare of a tax of two

additional pledge

gallon oh sales of gaso¬
of pe¬
accruing under Section
of Article IX of the Constitu¬
other like products

or

State, by the terms of
Legislature of the State
required to continue the levy
said tax for a period of 50

tion of the

of

from Jan. 1, 1943, and is
prohibited from withdrawing the
proceeds thereof from the opera¬
tion of said Constitutional pro¬
vision during said period.
The
bonds will be awarded to the bid¬
der whose bid produces the lowest
interest cost after deducting the
premium offered, if any. Interest
on the premium, if any, will not
be

considered

as

deductible

in

determining the net interest cost.
In
determining the net- interest

cost, interest-will be computed to
the maturity date from March 1,
1946.
Said bonds will be issued
a^d sold bv the State Board of

10 days

Constitution of the State, and pur¬

Gainesville> Fla.

tificates

Sale

—

The $400,000

semi-annual cer¬
offered for sale on Dec.

17—v. 612 p.

2867—were awarded

jointly to John Nuveen & Co« of
Chicago; the Robinson -Humphrey
Co. of Atlanta, and Leedy, Wheel¬
er &
CP: of Orlando, as 1.20s, at

< .*:

-

:_100.552

re¬

Administration, a body corporate
to the date of the composed of the Governor, Comp¬
opening, of such tenders. Town re¬ troller and Treasurer of the State,
serves the right to reject any and
created
by and existing under
all or any part of any of the bonds
Section 16 of Article IX - of the

:;y..

will

his office in

subsequent

Corp.,

R. L. Day & Co.*

Truitt,

Wanted—J. W.

Clerk, has announced that
tenders will be received

-

Cooley & Co., and
Edward M. Bradley & Co.

Commerce, of Seat¬
8c
Co., San
and
the
Continental

——100.22

electric revenue

First Boston

Moulton

Bank,

bonds of 1944.

___^_LQ0.54

r: -n—-.

at

years

100.51

——-—_

_

Certificate

National Bank of New
York, Na¬
tional Bank of

H;

until

Blodgett, Inc., and
First of Michigan Corp.,
Bankers Trust Co., New-

bids

$1,000. Due March 1, 1966.
at

is
>

;

offered for sale.

'

•'•••

R;

sealed

% Bonds

——;

Co., and
.
Sons,

Brown &

Tenders
Town

the bonds were as follows:
1

sealed

which the

FLORIDA

I

B

Offering—Ralph A. Potts,
Director of the State

Tallahassee, until 3 p.m.-on Jan.
22 for the purchase of $75,000 cou¬
pon SBA refunding bonds of 1946.
Dated
March
1,.. 1946,- Denom.

16

Frostproof, Fla.

follows:

Phelps, Fenn & Co., *■'
Stone & Webster and

x

-100.64

Boston

;

-

jointly

1.10% Bonds

First National

$820,000 Series A bonds. Due $41,000 on Dec. 1 in 1946 to 1965,

tle,

•

Smith, Barney & Co.,
Goldman, Sachs & Co.,
Pressprich & Co.,

•

Bridge Dist. No. 2 (P. O.
Palatka), Fla.

troleum

jointly

Haven, as Is, at a price of 100.64,
a basis of about 0.925%.

1946,,

County Special Road and

Putnam

line

& Trust

W: Scranton & Co. of New

17—v. 162, p. 2994—were awarded

syndicate composed of Chase

tion to be held in March of

cents per

Alex.

Smith, Barney & Co., F. S. Moseley & Co., both of New York, and

Dec.

__100.059

—

Bank, N. Y.,
Mercantile-Commerce Bank

semi-annual public improve¬
highway, 1945 bonds aggre¬
gating $1,055,000, offered for sale
6n Dec. 14—v. 162, p. 2867—were
awarded to a syndicate composed
of Harriman Ripley & Co., Inc.,

and

•

National City

pon

F<wf

;

jointly

235.000 Series

4

Graham, Parsons & Co.,

Runners-up in the bidding fqr

.

amounting to $4,700,000 will be
submitted to the voters at an elec¬

Northern Trust Co., and

ment

as

\'

Co.,

—

revenue

amounting to $10,000,000
construction bonds

sidewalk

and

Uoldman, Sachs & Co.,

Sale—The following cou¬

1

___

disposal

sewage

ojc

bonds

of the full

For

1955, incl.'

Stockton

Bond Election Planned—An is¬
sue

Salomon Bros. & Hutzler—100.65

Stamford, Conn.

Chas.

& CO.;

&

Williston

jointly

CONNECTICUT

Bond

'*'•* ?

•

arici

162, p. 2994.

v.

-

Donald MacKinnon & Co.':

Co., all of Denver. The refunding
issue was described in detail in

to a
•.

Gruntal & Co., ,
Chas. Clark & Co.,

posed of Boettcher & Co., Peters,
Writer and Christensen, Inc., and

1946,

Unified School Dist. (P. O.
Sale

Funds

JV R.

Dec.

_101.51

'

100.089

Lincoln R. Young

San

San

bonds

incl.

Bank of America National

Savings,
Francisco,
Blyth & Co.,
Heller, Bruce & Co., and
William R. Staats Co.,
jointly

—

redemption of the above-

for

Co.,

jointly

Bond.

Bankers Trust Co.,




Other

follows:

Bidder

school

.

New York,

highest bidder
the American Trust Co., San

Stockton), Calif.

Harris Trust & Savings

'

next

100.135.

Refunding Issues Sold

due from 1949 to

Francisco, Harris Trust & Sav¬
ings Bank, Chicago, and Weeden
& Co., jointly, for iy4s, at a price

syndicate composed of:

Bank, Chicago,
Chase National Bank,
New York,
-

The

are

V;
& Co.,

jointly

$1,000.

Denomination

These bonds

Second best in the bidding was
a

a

1946.

as

to

to

syndicate composed of
Halsey, Stuart <S? Co., First Na¬
tional
Bank,
of
Chicago,'
and
Thomas Kemp & Co., of Los An¬
geles, as iy4s, at a price of 100.585,
a basis of about 1.20%. Dated Jan.

Dis¬

1950, as 3s, $3,320,000 matur¬
ing $332,000 Jan. 1, 1951 to
1960, as Is, and $3,320,000 ma¬
turing $332,000 Jan. 1, 1961
to 1970, as iy4s.
7,464,000 Oakland High School
District, taking $1,244,000 ma:
turing $311,000 Jan. 1, 1947

'

Bohd Sale—The $994,000 build¬

.

•

port
improvement revenue re¬
funding bonds to a group com¬

Calif.

ed

and

by the city through the recent sale
of $242,000 2y2% municipal air-

Orange County, Santa Ana Junio'f
College Dist. (f.O. Santa Ana),

of

School

trict, taking $1,328,000 matur,ing $332,000 Jan. 1, 1947 to

;

<

Dist.

New York.

ceive

jointly —
.100.133
Blyth & Co.,
; '
Revenue,
Ex-Officio Lazard Freres & Co..
Treasurer of the city, announces Geo. B. Gibbons & Co., Inc.,
that the outstanding airport im-»
and
* *
•
'
provement revenue bonds, series Paine, Webber, Jackson &
A, dated July 1, 1940, and matur- l
Curtis, jointly __„_____100.101
ing July 1, 1946, and thereafter, Glore, Forgan & Co., and
have been called for payment at Barr Bros. & Co., jointly__100.091
par and accrued interest, plus a
Union Securities Corp.,
premium of 3y2%, on Jan. 1, 1946.1
New York,
The bonds, Nos. 59 to 300, together r. w. Pressprich & Co.,
with unmatured coupons, should Equitable Securities Corp.,

Trust Co., First National Bank, all
of New York, Bank of America

Bank,

proved by Masslich & Mitchell, of

Board of Administration,

of

office of the above-mentioned of- .Chas. E. Weigold
ficial.
|

City

1959, and $33,000 in 1960, as 2y4s.
1, 1945, Legality ap¬

Bond

V

and
McDougal & Condon,

Angeles County, Garvey Sch.
(P. O. Los Angeles), Calif.
Bonds Voted—An issue of $140,000 school facilities bonds was fa¬

National

was

Executive

Laidlaw & Co.,

.

amounting to $350,000

Dated July

:

ing Issue Sold—F. E. Wilson, Man¬

ager

bonds

Nashville,
Harvey Fisk & Sons,
Francis I. duPont & Co.,

Colo.

of San Francisco, as 0.95s,
at a price of 100.016, a basis of
about 0.944%.
Dated Jan. 1, 1946.
Denomination $1,000. These bonds
are
due $15,000 in 1948 to 1952.
The next highest bidder was the
American Trust Co.,
San Fran¬
cisco,

:

Airport Bonds Called—Refund¬

tion,

CALIFORNIA

'

Bank, Chicago,
Kean, Taylor & Co.,
C. F. Childs & Co., and
R. D. White & Co., jointly. 100.159
Commerce Union Bank,

of

purchased recently by John Nu¬
veen & Co., of Chicago, at a price
of 100.0293, a net interest cost of
2.428%, as follows: For $21,000
maturing July 1, $10,000 in 1946,
$11,000 in 1947, as 3s; $264,000 ma¬
turing July 1, $11,000 in 1948 and
1949, $12,000 in 1950, $26,000 in
1951, $27,000 in 1952, and 1953,
$28,000 in 1954, $29,000 in 1955,
$30,000 in 1956, $37,000 in 1957,
$32,000 in 1958, as 2V2s; and $65,000 maturing July 1, $32,000 in

. _

COLORADO

Na¬

America

of

Bank

•

York, and

15, 1945.

build¬

$75,000

"

Corp., *
Pittsburgh I________.___100.239

Calif.

office of Rightsell-Collins-Barry-

Bond

2690—were

875,000 Is. Due $175,000

ing bonds offered for sale on Dec.
17—v. 162, p. 2866—were award¬

'

offered

bonds

p.

Due

0.75s.

Denver

Sale—The

Bond

Co.,

jointly

Dec. 15 from 1948 to 1950 incl.

County, Wasco Union Sch.

Dist. (P. O. Bakersfield),

•

■>
_____._100.277

J. Van Ingen &

Mellon Securities

—

Kern

-

'

•

issue

harbor and port facilities revenue

Tripp & Co., and

15

525,000

power revenue

•

'■

Chase National Bank, New

Stockton

0.50s.

Dec.

by

the vot¬

13

162,

the

to

$350,000

count of 1,662

a

B.

follows:

as

398, the issuance of $6,200,000
bonds.

to

114, Ark.

Refunding bonds
Nos. 79 to 130, dated Oct. 1, 1935,
due on April 1, 1946 to 1959 incl.,
and
aggregating
$11,000,
have
been called for payment on Jan. 1,

held

and

Lee Higginson Corp.,
jointly
—100.21
Chemical Bank & Trust Co.,
Loan Bank, at a price of 100.027,1
New York,
net interest cost of about 0.91%, W. E. Hutton & Co.,
system

17—v.

Dec.

a

Co.,

Spencer Trask & Co.,

Sale—The $1,750,000 cou-

sewer

pon

&

Co., jointly 100.319

Co., Inc.,

Shields &

invest¬

general

Stockton, Calif.
Bond

100.079

approved, by

for

,

awarded

is

the

prices to yield from 0.40%
0.95%, according to maturity.
Legality to be approved by Orrick, Dahlquist, * Neff, Brown &
Herrington of San Francisco.

Dermody, Secretary of the
of Directors, that at the

election
ers

Sewer Improvement

Rock

,,

Voted—It

bonds

Miami, Fla.
Purchased—^An

Bonds

Eastman, Dillon & Co., and
Eldredge & Co., jointly™ 100.287

Public—The

reoffered

ment at

Imperial Irrigation Dist. (P.O.
El Centro), Calif.
Bonds

to

bidders

to

$4,501,000, iy4s

along
with Jan. 1, 1946 and subsequent

Little

above

$2,572,000, 4y2s,
$8,359,000, Is, and

152 incl. The bonds,

Blair &

Ryan,
Fo;x,
100.106 for 1.30s.

by Goldman, Sachs & Co.,
Sutherland
&
Co.,
and
Reusch & Co., of

Lehman Bros.,

dated Dec.

-

For

ing for payment on Jan. 1, 1946, a
total of $11,000 bonds maturing
Jan. 1, 1964, and bearing numbers
to

»,

..

Offered

successful

100.478

;

J.C. Bradford &

15, 1945.

Hannaford & Talbot,

Bond Call—The district is call¬

142

•••-."•

Hannahs, Ballin & Lee,
Wm. E. Pollock & Co.,
Harvey Fisk & Sons,
Stern Bros. & Co.,
Tripp & Co., and

will be made.

are

Co., jointly*.;

and'

15, 1948, and $250,000 an¬
nually from 1949 to 1955 incl.

,,

Brown Brothers Harriman

the date named at

on

Putnam &

follows:

Dec.

.

them

Second best bid was a joint offer

0.9512%

Ala., and the; Bacon, Stevenson & Co.,
City will oh Feb. 1, 1946, redeem R. S. Dickson & Co.,
and
retire
General
Refunding
City National Bank & Trust
bonds, Series A, dated Feb. 1,
Co., Kansas City,
;
•
'
1937, due Feb. 1, 1957, numbered Cruttenden & Co.,
1, 19, 29, 38, 81, 91, 102 and 107.
J. lVt. Dain & Co.,
sent

from Oct. 1 1947 to 1958,

Estabrook & Co., and

about

$660,000 3s. Due $250,000 on Dec.' Coffin & Burr,
15
in
1946
and
1947,
and White, Weld & Co.,
Bear, Steams & Co.,
*
$160,000 in 1948.
1,840,000 0.75s.
Due $90,000 on Braun, Bosworth & Co., Inc.,

as

inclusive.

Halsey, Stuart & Co.,

of par,

a price
cost
of

Co.,
Stranahan, Harris & Co., Inc.,
Alex. Brown & Sons,
Illinois Co., Chicago,
A. G. Becker & Co.,
B. J. Van Ingen &

sioners of Florence,

Holders of

City, at

interest

John Nuveen & Co.,

Coburn, City Clerk,
that pursuant to the terms of the
refunding ordinance under which
said bonds were issued, certain
bond numbers have been drawn
stated by L. B.

by lot by the Board of

Salt Lake

Co., St. Louis,

f

a price of 100.011, a basis of about
T.197%. Dated Oct. 1, 1945. Due:

suant

to

the

applicable statutes
resolution duly

of the State and a

adopted by said Board and will be
validated; by judicial decree. Ref¬
erence to said Constitutional pro¬

vision,
statutes. and
resolution
be; had. fori a more detailed
description of said..bands;:.. Th^
approving opinion of Giles J, Pat-?
ter so ft,
of"; Jacksonville, rto
the effect
that such bonds -are
may

3125

-

N umber* 4449

Volume -162.

—

Dee Moines,

legally- binding obliga¬ interest payable at the Northern
State Board of Ad¬ Trust Co.,-of. Chicago.., No bid for
less than par and accrued interest
ministration acting for and on
behalf of said District and, if re¬ and the successful bidder will be
valid

and

tions

of

Bonds

the

purchasers of
said bonds, without charge.
En¬
close a certified check for 2% of

be delivered to the

action

high¬

offered

for

sale

mitted.

Dec.

on

in

Humboldt, 'Iowa
Unsold—The

Bonds

of

issue

swimming

$30,000

pool

remains

bonds

construction

authorized

un¬

sold.

,

based

are

The rate

or

and

sub¬

rates must be

multiples of one-eighth

or one-

tenth of 1%,

syndicate composed" of Hal-

a

Bank,

National

The bonds will be sub¬

bids

their

bonds amounting to $2,900,and

18—v. 162, p. 2443—were awarded

,

,

Rockville.

$2,000, payable to the

Bond Sale—The following
way

000

County

gomery

ject to registration as to principal
only.
Bidders are requested, to
specify with their bids the rate
or rates of interest to be paid on
the bonds, on which rate or rates

Town.

to

authorities,"
approved
and in force April 4,-1945.
Liscomb Cons. Sch. Dist. (P. O.
The
Liscomb), Iowa
constitutionality of the Act was
Tarpon Springs, Fla.
Bond
Election—It is reported
sustained by the Supreme Court
Tenders Wanted—W, D. Flet¬ of the State of Illinois on Sept. that an election will be held on
cher, City Clerk, announces that 19,
1945,
in the case entitled Jan. 3 to have the voters pass on
the Union Trust Co., St. Peters¬ "People ex rel. v. Wood," 391 111. the issuance
of $5,000 building
burg, Fla., as a trustee, will re¬ 237,
,
*
and
the
above described improvement bonds.
ceive sealed tenders until 10 aim. bonds are being
issued for the
Madrid, Iowa
•
on Jan. 14 for sale to the city of
purpose of paying part of the cost
Bond Election Planned—An is¬
1-5%
refunding
bonds,
dated of construction an. airport in and
sue of $45,000 building bonds and
Jan. 1, 1939 and due Jan. 1, 1974. for said Authority.
The approv¬
A sum of about $25,000 is avail¬ ing opinion of Chapman & Cutler, city hall bonds will be submitted
to the voters at an election to. be
able in the sinking fund for the of Chicago, will be furnished. En¬
held in the near future.
purchase
and 1 cancellation
of close a certified check for $5,000,
bonds and tenders must describe payable to the Treasurer of the
Marshalltown, Iowa
r'
the bonds by number and denom¬ Authority.
ri
•
Bond Sale—The $110,000 water
ination'and state the price, not
works revenue bonds offered for
exceeding par, at which they are Tazewell County Sch. Dist. No. 108 sale on Dec. 18-^-v,
:
162,,p. 2995—
(P. O. Pekin), III.
offered.
Accrued interest will be
airport

check for

has

bonds.

Airport Authority was organized
on
June 4, 1945, under the pro¬
visions of "An Act in relation to

$6,000 in 1947 to 1954, $7,000

in 1955 to 1958, and $8,000 in 1959
to
*1961.
Enclose > a 'certified

Louisiana (P. O. Baton Rouge), La.

Iowa

Grinnell,

Unsold—No

$125,000 memorial building

of the

rate

Stamp

~

been taken with reference to sale

Authority, without limitation as to
or amount.
The Springfield

require Docu¬
Tax at the rate!
of 10 cents per J&100, or fraction
thereof.
Separate bankable re¬
mittances should accompany each
such check, if tax stamps are not
attached.
', •
checks

Certified

4

Bonds

Springfield
Airport
Authority,
payable from taxes levied upon
all the taxable property in said

the bonds bid for, payable to the
State
Board
of
Administration.

mentary

750,000 veterans memorial build¬
ing bonds was favorably voted at
the election held on Dec. 10.

required to take up and pay for
said bonds on or before Dec. 31,
1945. Said bonds will be full faith
and
credit
obligations
of
the

quested, a copy of the transcript
of the proceedings involved will

lows:

Iowa

yoted—An issue of $2,-

Bidders may specify
than one rate of interest to

more

sey, Stuart & Co., Blair & Co.,
Inc., B. J. Van Ingen & Co., Hem¬
phill, Noyes & Co., both of New
York, Braun, Bosworth & Co.,
Inc., Otis & Co., of Cleveland,
Barrow, Leary & Co., of Shreveport, Walter-Woody & Heimerdinger of Cincinnati, Piper, Jaffray & Hopwood, of Minneapolis,

be borne

by the bonds,

not specify more

than

but may
inter¬

one

est rate for the bonds of any one

maturity.
bonds

The

faith

full

gomery

faith

Kohlmeyer,
Newburger &
Co., of New Orleans, at a price of
100.1269, a net interest cost of
1.4692%:
.!. ■:
....
'

upon:the

credit

of

is

credit

and

the

of Mont¬
said
full

Commissioners
County,
and

County

and

issued

are

and

irrevocably

pledged to the payment of !the
maturing principal and interest of
said bonds. Under the provisions
of said Chapter 950 of the Acts

,

1

$1,000,000

Series DD bonds. For
$50,000 maturing $25,000 July
1,1947 and 1948, as 4s, (J-J)
$275,000
maturing
$25,000
July 1, 1949 to 1959, as lV4s,
(J-J), and $675,000 maturing
July

„

,

,

,

1946

1,

attached

.

■

■

$390,000 build¬

Beh

at

at
,

1948

for

bonds
are due $26,000 on Dec. .1, 1949 to
1963. Principal and interest pay¬

ILLINOIS

Cullom),

Illinois,

■

*

•;.

.•

able

•

Bonds Voted—At a recent elec¬

i

Legality approved

Pekin.

Bank,

said to have

by Chapman & Cutler, of Chicago.
approved the issuance of $20,000 The next highest bidder was the
community building bonds by a First National Bank, Chieago, for
1 Vhs, at a price of 100.113.
wide mar^in.V' "
:
/
• ;
V
the voters

tion

-

Park District

Dolton
s

*

ton),

«

.

are

III.

O.Dol.'■-•*! •'

(P.
-

,

Bond Election—The issuance

of

$100,000 park improvement bonds
\yill be submitted - to the voters at
election scheduled for Dec. 28.

an

1

-Yr:' GrMUy, 111,

'f

.

:

Alexandria, Ihd.

•

sewage^sppsal pJapt bonds.

»

.*•->%s;;-; Y ^'ciiy)^iU:^
'

.

-Y

..

Bonds Voted—a recent elec¬

the issu¬
of $15,000 road bonds by a

count of 66 to 12.

,

Bond Offering—Sealed bids will
be received until. 2 p.m. on Dec.

26,
by
Marguerite Humphries,
City Clerk-Treasurer, for the pur¬
chase of

1945." Due $500 on July 1,
and $500 Jan. and J,u.ly 1,
1949 tq Jan. 1, 1958. Rate 6f inter¬
est to be in multiples of V* of 1%,
and not more than one rate shall
be named by each bidder.
The
bidder

highest

will

Madison County

Sch. Dist. No. 127
(P. O. Madison), IU.

<

issue

Purchased—An

of

$65,000 2% school bonds was pur¬
chased recently by
the Illinois

Municipal Bond Corp., of Murphysboro, at a price Of par. Dated
Nov. 1, 1945. These bonds are due
on
Nov. 1, as follows: $15,000 in
1957, and $10,000 in 1958 to 1962,
Sch.

Roxana

No.

Dist.

103,

III,A

cost to the

the

be

one

net interest

who offers the lowest

Bonds

feated.

v

City, to be determined

by computing the total interest on
all of the bonds to their maturities

therefrom
the
bid, if any. No bids for
less than par and accrued interest.
Said bonds are the direct obliga¬
tions of the City, payable out of
oremium

unlimited, ad valorem taxes to be
levied and collected on all of the
taxable property

of

$190,000 construction
bonds,
authorized at the election held on
Nov. 17.
These bonds are dated

of

Dec,

15, 1945.
■:

5

.!

v

r

/.

'

.v

Township (P. O. Ma¬
comb), III.
Bonds Voted—An issue of $30,-

bidder at the expense
No

conditional

sidered.

successful

of the City.

bids will be con¬

Enclose a certified check

for $200, payable to

the City.

Scotland

favorably
held

'

on

voted

Oct.

at

the

Y.

Arnv

Merchants

that

were pur¬

the Farmers &
Bank
of

National

■

•*

$39,000 in 1961, $40,000 in
$42,000 in 1963 and 1964,
$43,000 in 1965. Principal and

and




-V'.'

NAN8|IS

,

|-';

Abilene, Kan.

Purchased—The follow¬
ing bonds amounting to $75,000
were
purchased on Sept. 26 by
.local banks, as Is, at a price; of
100.10:
' '
; ;
Bonds

Equitable Securities. Corp.,,

T
Y*

Voters

!
Y ~
-

/

meeting of the vofers
next March, decision will be made
with respect to a possible issuq of
High school building bonds.

$1,820,000 sinking fund refinancing loan bonds issued under
Chapter 538 of Acts of 1943.
•

■

•

.

-

Y

.

r"!

-r

1970. Callable on any interest date' after1 five -years
1,

•

Y

from date of issue on 90
notice

•

$2,350,000, lt^s —_-__.-__100.004
;

Dist.

refunding bonds offered

Oct.

11, have been purchased

No.

146,000 North

(P. O. Natchitoches), La.

System bonds is¬
705, Acts
of 1945, Section 7. Dated Sept.
1, 1945. Due Sept. 1, as fol¬
lows: $8,000 from 1946 to 1951
inclusive,
and
$7,000
from

sued under Chapter

Sale

1958

inclusive; $2,000 from 1953 to
inclusive, and $2,500 in 1959

and

1952

Manchester, Ky.
Offering—Lettie

,

1960.

Lyttle, City Clerk, will receive sealed
bids until 1 p.m." (CST) on Dec.
28 for the purchase of $39,500 4%
water works revenue
refunding
bonds.
Denomination $500.
Due
June l/.as follows:
$1,000 frOm
1946
to
1950
inclusive; $1,500,
1951 to 1957 inclusive, and $2,000
1958 to 1969 inclusive. Prin¬

cipal and interest (J-D) payable
at the City Treasurer's office. De¬
livery of bonds to be made in a
week or 10 days after the award.

Bonds

South System bonds is¬
Chapter 705, Acts
of 1945, Section 7. Dated Sept.
1, 1945. Due Sept. 1, as fol¬
lows:
$13,000 from 1946 to
1955
inclusive,
andu $12,000

Publicly

Offered—Leb-

Co., New York, and Weil
Arnold, of New Orleans, in
joint account, recently made pub¬
lic offering of $47,000 2%% elec¬

.

'&

light

enue

and

works

water

rev¬

bonds, maturing apnually-on

Nov. 1 from 1952 to 1964 inclusive,
and callable at 103
and

on

subsequent

any

!

bonds

vestors
to

at

call

J08.60, to yield

date

and

to

'/

1.50%

to 2.45%
Legality approved by
Chapman & Cutler of Chicago.
up

Section

1945,

of

$7,000 airport
bonds offered for sale on Dec. 10
Bond

to

Sale—The

162, p. 2868—were awarded
Council
Bluffs Savings

bonds

r

nually on Sept. 1 from 1946 to
inclusive.

1955

Interest M-S.

Bidder to name the rate of in¬
terest

on

each of the

Bond

1, 1947." The only other bid¬
der was the City National Bank,

the

;""

•

"

price
-

-

to

the

election scheduled for

22, according to report.

Town

Nov.

an

Bastrop, La.
Offering — J.

Ramsaur,

Clerk,

will

receive

sealed

10

a.m.

on

Jan.

22 for

bids until

of $100,000 More¬
house Memorial airport bonds, not
purchase

exceeding
bonds

are

3%
due

on

items,

two

expressed in a multiple of V\ of
1%. Separate bids must be made
and

each item

will

The

suc¬

on

each item

awarded separately.

cessful bidders will be furnished

of the opinion of the

interest.
Th^se
March 1, as fol¬

Montgomery County (P. O. Rock-

with

ville), Md.
' 1
Bond Offering—J.. Forest Walk¬
er, Clerk of the Board of County

Attorney General of the Com¬
monwealth affirming the legality

Commissioners, will receive sealed

for

bids

submitted

be

will

voters at

Jan.

$1,000. These bonds are due $1,000
on Nov. 1, 1947 to 1953, optional

of par.

MARYLAND

La.

$140,000 water revenue refunding

the

Council Bluffs, for 2s, at a

.,

Dated

1.

Sept. 1, 1945. Due $50,000 an-

in¬

thereafter.

inclusive.

1965

1,000,000 "South System bonds is¬
sued under Chapter 705, Acts

interest

priced

were

to

Interest M-S.

Nov. 1, 1950

on

1956

from

date in inverse order of maturity.

The

In¬

1

•

sued under

enthal &

tric

inclusive.

250,000

Winnfield, La.

.1

S.

1965

to

terest M-S.

by F. L. Dupree & Co., of Harlan.

Bond

days'

^Interest

Item No. 2 $1,396,000
Metropolitan Sewerage Loan)

.

v. 162, p. 2995—were
purchased
by White, Hattier & Sanford, of
New Orleans, and mature July 1,
as
follows: $1,500 from ; 1946 to

1952

holders.

to

J-D.

-

in

County Court Clerk that the $150,000 234% semi-ann. sch. building

Due Dec.

Dated Dec. 1, 1945.

>Y

.

*

Details—The $27,500
■1V2 %• school bonds reported sold

KENTUCKY

noon

Jan, 3 for the purchase of $3,216,000. fully
registered bonds,
dvided as follows: ,Y.Y
'
Y
Item No. Jt
:Y

{

Natchitoches Parish Sch.

Harlan County (P. O. Harlan), Ky.
Bonds Sold—It is stated by the

Receiver-General,

■.

•

VY*

(Net interest cost 1.4883%.)

5

and

Treasurer

will receive sealed bids until

.

/

•

Bond

a

,

■

".

;

Dempsey-Tegeler' & Co.,
McDougal & Condon, and
Weil & Co., jointly^?
For $100,000, 5s,
$450,000, 1 V4s,- and
:

due in 1 to 5 years.

Determijfte Bond Is¬

To

sue*—At

on

45,000 sewer improvement bonds!
Denomination $1,000. These bonds
are

Hudsoni Mass.

Massachusetts (Commonwealth of)
Bond Offering—John E. Hurley,

-

x.

.

Stroud & Co.,

.

.

,;

Stranahan, Hprris & Co., Inc.,

$30,000 airport bonds.

Abbeville,

Bank, as IV2S, at a price of par.
Dated Nov. 1, 1945. Denomination

1960,
1962,

The next

the

Bond Election—The issuance of

Council Bluffs, Iowa

1950, $28,000 in 1951, $29,000
in 1952, $30,000 in 1953, $31,000 in
1954, $32,000 in 1955, $33,000 in
1956, $34,000 in 1957, $35,000 in
1958, $37,000 in 1959, $38,000 in
.

$30,000

was

*1,

MASSACHUSETTS

as

be

—v.

in

Denomination $1,000.

highest bidder

LOUISIANA

Denomination $1,000. Interest J-D.
Due Dec. 1, as follows: $27,000
,

Dist.

$25,000

iy4s,
(J-D), and $725,000 maturing
Dec. i, $25,000 in 1960, $100,000 in 1961, and $200,000 in
1962 to 1964, as 1M{S, (J-D),

r

John Nuveen. & Co.,
of Des Moines
Commerce Union Bank, '
162, p. 2995—were sold as :1s,i
;Ngshville,
•'>!:! "!■
at a price of 100.036, a basis of
Kingsbury & Alvis, *
about 0.992%.
Dated Dec. 1, 1945
R. S. Dickson $c Cq,f
and. due on. Nov. % from 1947 ; to
Graham, Parsons & Co.,
1954 inclusive.
YV'-\ •:/■!; •
Kean, Taylor & Co.,
'*''
Ryan, Sutherland & Co.,

IOWA

bids

'

■

'Y

National

Moines

1961, .'as YIV2S,

—v.

Rochester.

Secretary ' of Board of
Commissioners, wit receive sealed
strong, t

uqtiL noon (CST) on Dec. 22
for the purchase of $560,000 %%
airport bonds. Dated Dec. 1, 1945.

Sch.

Consolidated

Sale Details—The

Iowa-Des

from

Bonds Sold—It is reported

chased recently by

Offering—H.

O. Rochester),

election $65,000 hospital bonds

16.

Springfield Airport Authority, III.
Bond

County (P.

Indiana

improvement bonds was

000 road

.

Fulton

'

ton, Morrow & Yost, of Baltimore,
and the approving opinion of this
firm will be delivered, upon re¬
quest, to the purchasers of %he
bonds, without charge. Enclose a
certified check for $18,000 pay¬
able to the County Treasurer.

and

1960

$225,000
maturing
Dec. i, 1951 to 1959,

\i..

de¬
■

■

in

in

Series GG bonds. For
$50,000 maturing $25,000 Dec.
1, 1949 and 1950, as 4s, (J-D),

elec¬

were

$25,000

Bank & Trust Co.,

on

in the City. The

will be furnished to the

at the
10

(P. O. Thurman), Iowa

revenue

opinion of Hose, McCord, Ice &
Schools, Miller, of Indianapolis, approving
the legality of said bonds will be
will receive sealed bids until 7:30
on
file on the date of sale and
p.m. on Dec. 20 for the purchase

Superintendent

'Y:"-

Thurman

Bond Offering—Latham E. Har¬

ris,

Dec.

on

deducting

and

$50,000
bonds sub¬

building

the voters

to

held

the

1948,

tion the voters approved
ance

mitted
tion

Oct 1,.

Liberty Township (P, O. Bucher.

■

Defeated —The

1,

1,000,000

price of 100.336. i

building bonds awarded Dec, 10 to

$10,000 wa.ter works im¬
"r Ordinance Passed—The Village provements bonds. Interest rate
Council liaa passed an' ordinance
is not- to exceed ! 3M» %, payable
calling- for-' an issue of $15,000 j-J. Denomination $500. Dated

.

a

all

County sufficient in rate ,§md
pay the principal'and
on said bonds as they Re¬
spectively become due and f>dyable.
The legality of this issue
will be approved by Niles, Bar¬

(J-J).

Oder bolt, Iowa

Bonds

Bond

V- ■■;!?■ INDIANA
,

was

l%s, at

on

interest

$650,000

in

1

Jan.

next

highest
Wheelock & Cummins,

American -National* community

the

at

The

July

tax

property in Montgom¬

amount to

(J-J), and $675,000 maturing

a

due

are

1958.

to

bidder

about 1.093%.

Denomination $1,000. These

Cullom Township (P.' O.

bonds

These

price of 100.068, a basis of
Dated Feb. 1, 1946.

a

100.354,

assessable

in 1960 and
1961,
as
U/2S,

in

ad valorem

annual

an

Series EE bonds.
For
$225,000
maturing
$25,000
July 1, 1951 to 1959, as lV4s,

awarded to the Carleton D.

price of

of
Montgomery County,
provision is made for the levy of

(J-J).

Co., of Des Moines, as

a

sioners

900,000

l3/4s,
basis of
about 1.683%/ Dated Jan. .2,. 1946.

the
and

Paine, Webber, Jackson & Curtis,
both of Chicago, jointly, as 1.10s,

'

'

Bond Sale—The

ing bonds were awarded to
Harris Trust & Savings Bank,

and subsequent/ coupons
thereto, must be deliv¬

ered to the Union Trust Co., St.
Petersburg.
;Y
y

,

ery

1945,
and
the
resolutions
adopted by the County Commis¬

1,- $500,000

$175,000

•

were

paid to and including July 1, 1946,
on
bonds
purchased,
and
the
bonds accepted, along with July

of

(EST) on Jan.
8
for the purchase
of $900,000
series
A,
general
improvement
coupon bonds, not exceeding 4%
interest. Dated Feb. 1, 1946.
De¬

payable to Order of the Treasurer
and
Receiver-General, must ac¬
company the bid.
.,Y.

nomination

for sale

Feb.

ed to a

,

.

until

1,

...

.

11

a.m.

$1,000.
Due $50,000
1949 to 1966.
Principal

and interest payable at the Mont»

"

i

•

*

■

T

^

a

copy

each

of

2%

A

issue.

of

the

Notes Sold

—

certified

amount

An issue

check

bid

for,

q£ $10,-

000,000 revenue notes was offered
on

Dec. 14 and was gward-

syndicate composed of the
Bankers Trust Co., die National

THE COMMERCIAL

3126

Bond Call—Greek L.

Shawmut

sion,
announces
that $2,106,000
highway refunding bonds have
been
called for
redemption on

& Trust Co., ahd the
Day Trust Co., all of Boston, at
0.47%, plus a premium of $129.00.
Dated Dec. 21, 1945.
Due on May
Safe Deposit

1946.

The

•"

•

Feb. 1, 1946, as follows: $1,045,000
first series and $1,061,000 second
Jan.

1941, and funds for pay¬
ment of principal and interest will

only other bid received was
of 0.59%, submitted by

the First National

urer's

jointly.

Oxford, Miss.
Bonds Voted—At an election on

11

issue

of

Completed

—

Mat¬

W aveland,

Carey, 1077 Penobscot Bldg.,
Detroit, Mich., reports that the
district has completed the refund¬
ing of $89,000 bonds which had
thew

dates

Dec.

since

1,

1935.

new

an

has

been

sold

3s. DUe

as

bonds issued in exchange for

1960 and

1961.

,

<

Joseph

Sch.

Dist.,

1969

on

June

1 from 1955

Bonds

inclusive.

thereafter

ahd

due

in

subject

are

prior redemption on and after
1, 1948. Legality has been
approved by Claude H. Stevens of
Berry & Stevens, Detroit, and,
paying agent for the bonds is the
Detroit Trust Co., of Detroit.

Other Bids—The $80,000

ing
at

Dec.

&

—v.

basis of about 1.353%
2996—also received
the following bids for IV2S:

by the
$78,000

now

Co.*. Kansas City

reported

Marshall, Minn.
—

Sealed

bids

20, by the City Recorder, for the
]

not to ex¬
hospital

of $150,000

..rciiase

ceed

semi-annual

2%

&

Savings
_______101.588

Bank

Halsey, Stuart & Co.

xyxxxxy
■

100.577

montana

Baker, Mont.
y "-v
Bond Sale—The $72,000 refund¬
ing water and sewer bonds offered
14—v,

162,

2692—were
awarded to a group composed of
the Northwestern National Bank,
Piper, Jaffray & Hopwood, both
of Minneapolis, and the Bank of
Baker, as
iy2S, at a price of
p.

bonds. Denomination $1,000. Dated

100.69.

Jan. 1.1946. Due

1946.

1, .1948

for iy2s was made by J.
& Co., Minneapolis.
y

$10,000 from Jan.
1962; optional at par

to

and accrued interest on and after

Jan.

1955. Dated Jan. 1, 1946.
$1,000; Due $10,000
Jan. 1,1948 to 1962. All bonds ma¬
turing after Jan. 1, 1956, to be
subject to prepayment at par and
accrued interest on Jan. 1, 1955,
and on any subsequent interest
payment date. Principal and in¬
terest
payable at any suitable
bar/: or trust company designated
by the purchaser. The approving
opinion of Chapman & Cutler, of
Chicago, will be furnished. Deliv¬

Bonds

Second

1,

ery

Bonds

a

St. Louis Park Indep.

Sch. Dist.,

Minn.

Offering—O. E. Domian,
Superintendent of Schools, will
receive

sealed

bids

until

Jan.

13

for the purchase of

$950,000 build¬
ing bonds, authorized at the elec¬
tion held

on

St.

*Nov. 20.

Cut

Mitchell,

City Comptroller, that
sale has been fixed

as

no

date of

session.

V

issue

of

sewer

submitted

to

the

voters

election to be held on Dec.

at

the

21.

of St. Louis:

$30,000 street intersection bonds.
23,000 special street improvement
bonds
,

t

f

These bonds

are

dated July 1.

1945,




9

'

interest

tional

payable

State

Each

Bank

proposal
'the

name

bonds bid

the rate named

must, be

a

the

same

for.

City

Clerk,
until

8

will
p.m.

receive

sealed

Feb.

14, for

on

to

more

or

lowest

rate

proposals

of

interest

and

offer

accept the same least amount,

in

which

last

that

one

of

such

of the bonds to

the date of deliv¬

The enactment, at any time
prior to the delivery of the bonds,
ery,

of

Federal
legislation which in
terms, b,y repeal or omission of
exemptions or otherwise, subjects

Federal income tax the inter¬

district.

A

class

or

charac¬

with

tion

are

valid and

le¬

binding obligations of the
The bonds will be prepared
under the supervision of the Con¬
tinental Bank & Trust Co., of New
York City, which will certify as
to the genuineness of the signa¬
tures of the officials and the seal

certified

of the bid, payable

City Treasurer,

the bonds. Enclose a
certified
check for $5,700, pay¬
able to the City.

impressed

nebraska

1,

$1,000,

as

follows:

Bidder
Blair

■

*

Trust

at

of

a

J.

Devine

Trust

&

sum

is

were

Fallkill

sold to the Chase

Bank

of

New

Na¬

York, for

a

$5,305,649.

the fact that Gruntal

called to

York,
prepared for distribution a

of their yield chart
covering various bonds of the Port
Authority: The chart shows yields
new

to

edition

and

call -date

maturity,; com¬

puted as of Dec. 15, 1945, and also
sinking fund operations for each
issue.

north dakota
Williston School District.,. N. Dak.
Bond Offering—-A. L. Butler,
District Clerk, will receive sealed
bids until 9:30 a.m. on Dec. 31 for

100.31

100.082

1.60 f/o

the purchase of $50,000 i%% re¬
funding bonds of 1946. Denomi¬
nation $1,000. Due $10,000 on Jan.

100.475
;

.

1.60%

Bank

100.149

1 from 1947 to 1951 inclusive.

terest

J-J.

certified

A

In¬

check-• for

2% of the bid is required.

;

;

ohio
'

of

discount

Pough-

of

Local. Sch.

Beaver

0.40%.

*

■

Rate

Dist.

Beaver), Ohio

(P. O,
.

.

•

Bond Election—It is stated that
an

election

has

beCn

called

for

Deb. 31 in order to resubmit to the
voters

the

bonds

follows:
.

bonds

Sinking Fund

Price Bid

Traders

;•%>!%;/,

secur¬

were

1 »/a '.o

as

will- be

from

12, 1945.
These notes
April 1, 1946.
Legality
approved
by John B. Van De
Water, of Poughkeepsie.
Other
Bidder

Moore,

State

en¬

& Co., 30 Broad Street, New

These

1,

due

bidders

The

transaction,

Victory. Loan

the

was

of

have

Dated Dec.
are

of : the

Authority, N. Y.
New Yield Chart .Available —
Attention of dealers and investors

County (P. O. Pough»
keepsie), N. Y. '
Note
Sale —The
$200,000 tax
anticipation notes offered for sale
recently were
awarded; to
the
a

C.

.

State

Port cf New York

.

at

the

y

1.45%,

Rate

National

: Frank

communities.

in

by

tional

x

l»/2'o-

Co

.

The sale consisted of

1954,

on

'

First

and

New

volvirig $4,493,000 New York City
Corporate stock maturing May 1,

bonds

Dutchess

keepsie,

of

retirement /systems and i in¬
cluded 110 lots, * The
largest, ; in-

:

&

State

and

Other bidders

Co., Buffalo

proceeds

invested

Denomina¬

&

Manufacturers

opinion

(State of)

according to ;Mr.

Co.,Vcf
price-of

Dec.

on

local

held

for $900.
on

Co., Inc
Tilney-& Co.__
C.

the

profit of $2,725,168 in
Dec. 13 of $15,582,530

a

tire

1, 1939.

about

•'

-

the

York

ous

(P. O.

1945.

one

due

are

that

$323,000
were

construction

defeated'at

the

Nov. 6 election.

National Bank &

'

r.

Botkins, Ohio

Trust Co., Poughkeepsie 0.50% i
Bonds Purchased—An issue of
Poughkeepsie Trust Co.
0.50%
$14,000 water works bonds was
Vassar Bank, Poughkeep¬
purchased recently by White &
sie
0.60 %
Co., of Cincinnati, .as 2y2S and
Merchants National Bank
2%s.
These bonds Were offered
& Trust Co.
0,75%
on AuV. 8.
Poughkeepsie
Savings
Braceville Township Rural Sch.
Bank
0.875%
_

-

c

Fishkill

National

Dist.

J

Bank,

Beacon
New York

;

City Housing Authority,
New

York

Calls Bonds—The

(P. O. Phalanx Station)
Ohio

1.00%
Bond

y-

City, N. J.

11

Marine

1946 to 1960.

on

Mar goto

Friend, Neh.
Bonds Unsold—The $25,000 wa¬

the sale

ities.

york ' \'

as/:l%s,
basis

in

savings banks

in

principal amouht of bonds of vari¬

due

coupons

revenue '

Dist. 'No.

a

for

Comptroller

achieved

Buffalo), N. F.
<
$69,900 build¬

Dec,

investments

counsel

Moore", announced' that

Sale—The

the

bonds

the

gally
City.

is required.

X'

a

which includes these bonds,
will, at the election of the pur¬
chaser, relieve the purchaser from
his obligations under the terms

that the bonds

Paving District No. 21
Dated Feb. 1,
1946. De¬
nomination
$500.
Interest
F-A.
Due Feb. 1, 1966. Redeemable at
any time there are funds to the
the

bonds of

opinion of Reed,
Hoyt & Washburn, of New York,

Oil

check for 5%

on

to

Dated

mentioned

proposals which
offers to pay the highest price will
be accepted.
The purchaser must
pay accrued interest from the date

a

system

Buffalo,
100.389,

priheipal and interest
City of New " York, are

—State

District

ing bonds offered for sale on Dec.
18—-v. 162, p. 2997—-were award¬
ed

re¬

to

New

CheektowagaPine Hill Union

the

name

to

event

Linder:

authorized at the election held

Bond

if

Se?ls Bonds At $2,725,168 Pfofit

Dec.

on

April 10, 1945, has been sold pri¬
vately.

i

1%

York.

; > 1,

Privately Sold—An issue
$225,000 power plant and dis¬

Sch.

to

1', 1965.
;
bonds, which are guafan-

as

legal
of

Bonds

maturing) will be accepted, unless
two

payment

x;|x;xx'ft': new

1955,

—

48, letter B—all

tribution

1,

trust'funds

Farmington, N. Mex.
of

•

by The

The following
paving bonds were

Albert

be

sold; and if tWo or
more
such
proposals name the
lowest rate, the proposal offering
to
accept
the least amount of
bonds (such bonds being the first

plus ^premiums
ranging
4%, if redeemed on of be¬

Dec.

teed

it;®-

tc and including May

up

than the lowest rate named in any

fronds

part

The

710-XX. The following bond cou¬
pons will be redeemed on presen¬
tation to the Treasurer: District
No.

'

:

1, 1950, the
redeemable in whole or
at the option of the au¬

are

deemed after Dec.

multi¬

purchase price specified
in the proposal must not be less
than $285,000 nor more than $286,000.
In selecting the proposal to
be accepted, the City Comptroller
will not consider proposals which
name
a
rate
of interest higher

nished

bonds.

to the order of the

G.

1966

terest,-

of

13, bond 363-L; No. 13, bond
97-V; No. 28, bonds 72 and 73-JJ;
No.
45,
bonds J 718,
719
and

of the bonds bid

all

total

a

priced

thority, in the inverse order of
numbers, at par ahd accrued : in¬

No.

The successful bidder will be fur¬

the purchase of $65,000 not to ex¬
ceed 6% interest Special Improve¬
ment

for

urer

be

The

for

in

15,
1945, at the office of City Treas¬

and

for

revenue

called

must'
to

Called

special

Elizabeth.

interest

bonds

Kin¬

Albuquerque, N. Mex.

Bonds

-.

or

Na¬

the

Later maturities are

100, for those due in

to 96 y4 for those due in 1978.
On or after Dec.

Bank, New York City.

"

■

purchase^

submitted
of

rate

borne, by the

at

16

MEXICO

exceeding

of

of Jan:

as

maturities.

1965.

fore

tional

$10,000 in 1947 to 1964, and
$15,000 in 1965 to 1971: 'Principal
and

C.

1948-1949 to

later

from

$17,000 2V\%
refunding bonds,
dated July 16,
1942, Nos. 43 to 59,
of
the
denomination
of
$1,000
each. Payable at the Chase Na¬

Xy; ^;y" X;s %

,

au¬

from

•

coupon

6,

payment

a.m.

the purchaser to the return of the
amount deposited with the bid.

Sale—The $110,000" semi¬

constrhctiott' bonds

annual coupon

offered for sale oh Dec. 13—-V. 162,

authority has

p.

exercised its option to redeem on
Feb. 1, 1946, at 104 and accrued

at

2693—were awarded td'Fahey,
Cleveland, as ly^s,
a price
of 101.422, a basis of
interest, all of its series A third about 1.37%. Dated Jdn. 1, 1946.
completed its bond exchange-re¬ issue
bonds, maturing on Feb. 1 Due $2,500 on April and, Oct. 1,
funding plan; all of the unex¬ from 1948 to 1979
inclusive, - and from 1947 to 1968, inclusive. Sec¬
changed new bonds having been outstanding pursuant to a resolu¬ ond best bid was ail dffer
bjr Ryan,
paid for and delivered according tion
adopted July 22, 1942.
The Sutherland & Co., M 101:2182 for
to the terms of the contract with
bonds will be redeemed at the iVzs;
"X" Stifel, NiColaus & Co., Chicago, Bankers Trust
Co., New York
East Cleveland, Ohio
and associates. By reason of the
City.
' /
Bond Sale—The
" .y
'
success of this operation, the city
^51,^00' gen¬
Bonds
Publicly
Offered — eral buildihg improvement fronds
will have available nearly $500,Bond Exchange Refunding

Plan

Completed—It is stated by Mayor
Eugene A. Tighe that the city has

construction bonds will
submitted to the voters at an
election scheduled for Jan. 3.
be

000 have been approved as to le¬

6 % " interest.

Call—Clemens

re¬

of the contract of sale and entitle

Wolf Point, Mont.
Bond Offering—Leo. A. Cowen,

Bond Election—The issuance of

gality by Charles & Trauernicht,

Jan. 15 for the

11

The

—

Dec.

on

the

They were re-Offered at prices to
yield from .70%, for those due in
1948, to 1.45% for those due in

the

Mc-

F.

ter

$185,000

Marks, Miss.
Legality Approved—The follow¬
ing 1%% bonds amounting to $53,-

on

Scheduled

Finance

for

1945

ranging from

for those" due in

Vi %

der, Borough Clerk, is calling for

;

until

$285,000 almshouse
registered bonds, not

$157,000 water system and sew¬
age treatment plant bonds will be

Ravenna), Neb.

bonds.

mississippi

(EST)

est

Bonds
Voted—At an election have not been issued as yet.
held ori Dec. 4 the voters are'said:
Ravenna Sch. Dist, (P; O.
to have approved the issuance
of

$5,000 storm

bids

sealed

of

to
issue

ter system revenue bonds author¬
ized at an election last October

Ulen, Minn.

ceive

of

yet for the

$2,000,000 Capitol Approach bonds
approved at the 1945 legislative

M. Dain

Bank, Mont.

Election—An

credit of

Paul, Minn.

Bond Offering Not Scheduled—
It is stated by
Joseph J.

100.35

.

Purchased—An

Bond

bids

Bond

of

plant revenue
bonds amounting to $80,000 was
purchased recently by the AllisonWilliams Co., of Minneapolis.

certified check for $3,-

000, payable to the City Treasurer.

bid

1,

treatment

sewage

will be made within 30 days.

Enclose

high

Jan.

Chinook, Mont.

Denomination
'

dated

are

of

Bond

\

State-wide sales taxi

Bond Offering—Patrick

1

Verotia, N. J.

on

Gann, City Comptroller, will

6%

City to place on the
17, the follow¬
ing bonds amounting to $325,000:
$125,000 flood damage; $119,000
Street improvement. and $81,000
equipment purchase bonds.

financing the recon¬
damaged by

Elizabeth, N. J.

to bear interest rates

resort.

market about Jan.

legally acceptable proposal for the

r

Dec.

received until 8 p.m. on Dec.

__101.777

Harris Trust

to Kalman & Co.

Offered

102.042

Chicago

Minneapolis, as l3/4s, as noted
here—v. 162 p. 2996—were pur¬
chased by the said firm at par.
*

Bonds

;

Sale

thorized

ple of l/20th of 1% and must be
102.146

First National Bank of

of

were

Rate Bid

City National Bank & Trust

County Auditor that the
semi - annual
refunding

bonds awarded

p.

Curtis

x

Aitkin County (P. O. Aitkin),
Minn.

Paid—It is

a

Paine, Webber, Jackson &

;

Price

102.57,
162,

Bidder

.

minnesota

refund¬
awarded Decl 10 to
Co., Chicago, as II/2S,

bonds

Weeden

to

Board

lows:

Mo.

'

and mature

a

Coast

Paterson, N. J.

Opponents of the measure are ex¬
pected to campaign for its repeal
at next year's seksion of the State

legislature,

Margate City will be¬
outstanding de¬

most

Atlantic

Bond

Dated Feb. 1, 1946.. Denomina¬
tion $1,000.
Due Feb. 1, as fol¬

missouri
St.

of

means

on

Aug. 1; $500 in 1946 to 1950, $1,000
in 1951 to 1954, $2,000 in 1955 to
1958, $2,500 in 1959, and $3,000 in

original debts are known as
refunding bonds of 1945, bear
2V2% interest, dated June 1, 1945,

a

Monday, December 24,

Under Firb—Consti¬

struction of property

Clerk

the

to* 1975

as

the

sirable

the hurricane of September, 1944.

semi-annual
000

City, N. J.

tutionality of the city's so-called
"luxury" sales tax of 3% on items
costing 12 cents or more was ques¬
tioned in a suit argued before the
State Supreme Court on Dec. 10.
The city was authorized by the
1945 legislature to impose the tax

the

that of the $25,000
refunding bonds of¬
fered last April, a block of $23;-

City

Sales Tax

believe that
come

Atlantic

vival of

Miss:

Bonds Sold—It is stated by

matured ahd remained unpaid on

Delinquent interest to June 1,
1945, amounted to $23,900. The

approved

jersey

the ground that it
$100,000 industrial plant may act as a precedent for other
.'I
cities and possibly result in a re¬
Vy

bonds.

7, Mich1

voters

the

Dec.

Sch. Dist No.

Southfield Township

Refunding

Treas¬

State

the

at

office, or at the Guaranty
Co., New York City.

Trust

michigan

various

1,

available

be

Bank of Boston,

Morgan & Co., Inc., and the
Chemical Bank & Trust Co. of

J. P.

New York,

dated

series. All of the bonds are

'

offer

an

Rice, Sec¬

retary of the State Bond Commis¬

Bank, the Mer¬
chants National Bank, the Boston

15

new

of)

Mississippi (State

City Bank, both of New York, the
National Bank, the Na¬

Second
tional

& FINANCIAL CHRONICLE

Clark & Co. of

..

Superior, Neb.
Bonds Sold—It is stated by the
City Clerk that $40,000 P/4% semi¬
annual airport bonds
approved by

saving during the
This saving has
been earmarked, both by resolu¬
the voters by a wide
margin on tion of the City Commissioners
Dec. 11, have been
purchased by and by direction of the State JL/ethe Robert E. Schweser Co. of
partment of Local Government for
Omaha. Dated Dec. 15, 1945. Due
improvement, therefore, by ju$10,000 from Dec. 15, 1955 to dicious use of this sum plus cur¬
1958; optional after Dec. 15, 1955. rent surplus, the commissioners
000 debt service*

next

10

years.

Shields &

Co., New York, as head
underwriting group which
recently purchased a new issue of
$935,000 authority office b
bonds—v, 162, p. 2997—made publie re-offering of the securities on
of

an

Dec.

18.

The, bonds

are

chted

offered Dec: 17—Vl 162. pi 2694—
were awarded to the Ohio" Co. of

Columbus,
101.292,

a

Dated Jan.
000

on

as Is, at a pfice of
basis of about 0.79%.
1, 1946 a
1 diifr $25,-

Oct.

inclusive.

1

Dec..

100.707

1

National City '

,

i; 1945, due serially on Dec.
from 1948 to 1978 inclusive and

for

f

Secc
Is

"

to

1956

bid:

of

by theweland.

r

"Volume

b

bonds

Township (P. O. Elyria),

Eaton

>*"•

Pending

Offering

Bond

will
for sale sometime in

ibe -offered

January.
Bond

Sale

semi-annual

The

—

aggregating $1,325,000,

bonds

Jr., Village
Clerk, for the purchase of $85,000

of-

Interest rate

bonds.

works

water

Elyria, Ohio
1

27,

3%, payable J-D.
15, 1945. Denomination

is not to exceed
Dated Dec,

on Dec. 18—v. 162
2871—were awarded to a syn¬
dicate
composed
of
Stranahan,
iiarris & Co., Inc. of Toledo, the
Northern Trust Co. of Chicago,

$1,000. Due Dec. 15, as follows:
$2,000 in 1947 and 1948, and $3,000
in 1949 to 1975, callable on Dec.
15, 1960. Rate of interest to be in
multiples of lA of 1%. Payable

Ryan,
Sutherland
&
Co., and
JRoose & Co., both of Toledo, as

from

taxes

mill

limitation.

•^fer6d for sale
jp.

jfollows:

;

water works improvement bonds as l%s, at a price
' of 100.634, a basis of about

$1,175,000
r

i,

.

1947

Due on Sept. 1 in

yi;* 1.18%.

1976; optional on and after
Sept. 1, 1956.
% :
150,000 limited tax sewer bonds,
' taking all as Is, at a price of
to

'*

{

•

.♦

100.291,

•

*?V, 0.95%.

basis
of
about
Due $15,000 from Oct.
a

-

The approv¬
ing opinion of Peck, Shaffer &
Williams, of Cincinnati, will be
furnished the purchaser. Enclose a
certified
check
for- 1 % ' of the
bonds bid

offer
by Otis & Co., and associates, of
100.53 for the $1,175,000 as 1Y4S,
The runner-up bid was an

$150,000

the

Is,

price of

a

:

;100.15.
tFranklin County (P.
I

;

Lewisburg, Ohio

Offering—It is

that he will receive separate
bids until 10 a.m. (EST),
<on;3an. 4, for the purchase of the

*ers,

sealed

bonds aggregating

following
900,000:
"

March
Sept. 1 in 1947 to 1966,
$10,000 on March and
Due $14,000

bonds.
and

:
•'

\

and

on

; Sept. 1 in 1967 and 1968.
hospital addition bonds. Due $8,000 on

350,000 Tuberculosis
,

;■

March

«

1, and

$9,000 on Sept.

V-l, in 1947 to 1966, and $5/00
on
r

1967/

March and Sept. 1,

to

.

line sewer bonds.
Due $10,000 on March 1 and
Sept. 1, in 1947 to 1971.

500,000 trunk
;

of

Robert

that

on

1957.'

Columbus.

must

Purchaser

check

certified

A

\ bid.

,

1.

engine house

fire

Due

1947

to

1956,

Bond

Village, must

certified

1.956.

for

must

lage,

1,

1957.

check for $700,

out

however,

basis

forth

by

a

mortgage

*

call

provision

Section

ported

to

rise

in

the

during

past week and our index of
yield 011 20 Ohio bonds rose
from a yield of 1.30% a week ago
the

1.29%

today.

The indices for

ordinance.

secured

the

on

only
prop¬

Municipal Airport including
a
franchise in case of foreclosure. The bonds contain a

Advance—

market

bond
are

erty and the revenues of the

sent

on.

the

in

bonds

Said

Co., Cincinnati, re¬
Dec.
19 as follows:

continued

an
.

as

the

of

4

set forth in
bond

but bidders
their

with

original

bid
provision.

alternative

such call

ordi¬

may, pre¬

bid

without

and interest payable
Co.,
of New York. All proceedings in¬
cident to the proper authorization
Principal

at the Chemical Bank & Trust

10

of these issues will be taken under

lower grade bonds

the

for

1946
1955, inclusive. Bidders may
sepk a different rate of interest
1

$1,325,000 Elyria bonds on
Tuesday would indicate the market is about as strong and as high

These

a

a

the bonds authorized at

are

election

general
blanks

Nov.

on

6.

direction

of

a

bond

opinion

owner.

as

may

Enclose

a

certified

check

with the bid. Deposits of un¬

successful

inal

re¬

deposit

City

filed with

bid

of the
Clerk.

copy

the

Each bid must comply with and
cordance

purchaser's

be

should be included with the orig¬

be

at

will

bidders

promptly/This

turned,

ion

made

subject
the

with

to and in ac¬
provisions of

En¬
close a certified check for $10,000,
payable to the Board of Educa¬

the City Charter as amended,

tion.

and

expense.

and

the laws of the State of Oklahoma,
be

accompanied by a sworn
as required by Section

statement

OKLAHOMA

Cashing, Okla.
Voted

Bonds

Loren
the

It is

—

stated

by

Crook, City Clerk, that at

election

held

on

Dec.

11

the

voters approved by a wide margin
the issuance of the following not
exceed

to

bonds

3%

$420,000: $225,000
reation

Hall,

City

$150,000

station

fire

$45,000

and

aggregating

Memorial Rec¬

Building;

IX of the* Charter
amended.

Article
said City,

4,

bonds.

Said

the

bidder

for

the

interest the bonds

of

rate

offered

offering

be

will

bonds

to

sale

lowest

of

as

bear, and who agrees to pay

shall

and accrued interest for said
bonds. Split coupon rates may be

par

bid

the

but

interest

rate

on

any

cannot exceed 4%.

maturity

No

for less than par

bid

interest will be

and accrued

considered.

Each bond issue must be bid on

Guymon Sch. Dist., Okla.
Bond

Sale—The

$125,000 build¬
ing bonds offered for sale on Dec.
17—w,

162,

bonds

additional bonds for sale for
at least ninety days after Janu¬
ary 8, 1946, unless the successful
bidder at this sale agrees to an
eaiiier offering.
All
bids will be
opened and
considered by the City Council of
said City of Oklahoma City at a

Co.,
City, jointly, at

due $14,000 annually for

are

and

years

$13,000

in

the

ninth year.

Konawa,*Okla.
Sale

Bond

Bank

bonds

—

the

Trust

The

National

of Oklahoma
highest bidder

Edwards

These

Inc.

authorized at the elec¬

were

tion held

First

Co.,

next

J.

R.

was

to

&

City.

on

Dec. 4.

any

meeting to be held in the Council
Chamber in the Municipal Build¬
on

the

8th

main

fore

will

bids until 4 p.m. on

as

follows:

file at least 48 hours be¬

on

contract

into

entered

Council

sanitary
sewer
and
sewage disposal plant bonds.
Due Feb. 1, as follows $66,000
from 1949 to 1970 inclusive,
$48,000 in 1971.

500,00 storm sewer bonds. Due
Feb.
1,
as
follows:
$22,000
from 1949 to
1970 inclusive,
and $16,000 in 1971.

500,000 water works bonds. Due
Feb.
1,
as
follows; $22,000
1949

to

1970

inclusive

"

and

$16,000 in

1971.

600,000 fire department build¬
ing
and
equipment
bonds.
Due Feb. 1, as follows: $26,000
from

and

1949 fo 1970 inclusive,
$28,000 in 1971.

600,000 park bonds. Due Feb. 1,
as follows: $26,000 from 1949
to 1970 inclusive, and $28,000
in

1971.

115,000
library building
and
equipment bonds. Due $5,000
on
Feb. 1, from 1949 to
inclusive.

1971

on

1971

Feb.

1

from

1949

to

inclusive. "

46,000

traffic

ment

bonds.

Feb.

the

Bond Sale—The

The

and

City

right to re¬

following bonds

amounting to $418,000 and offered
for sale on Dec. 17—v. 162, p. 2998
—were

awarded to the syndicate

headed by

control
Due

$90,000

the R. J. Edwards, Inc.,
City:
' :,

equip¬
$2,000 on

1, from 1949 to 1971 in¬
clusive.

sewage

Due

$6,000

disposal bonds.
in 3 years from
annually each

date and $6,000

thereafter.

year

improve¬
$12,000 3
years from date and $12,000
annually each year thereafter,
except that the last payment
\ ' shall be $22,500.
17,000 library
improvement
bonds. Due $2,000 in 3 years
from date and $2,000 annual¬
ly each year thereafter, ex¬
cept that the last installment
shall be $3,000.
214,500

works

water

bonds.

ment

Due

24,500 park improvement bonds.
Due $3,000 in 3 years from
date and $3,000 annually each
year
thereafter, except that
the last installment shall be
$500.

22,000 fire station and equipment
bonds. Due $3,000 in 3 years
from date and $3,000 annually
each
the

115,000 bridge bonds. Due $5,000

be .made

will

thereon.

reserves

of Oklahoma

$1,500,000-

from

but all bids shall re¬

Woodward, Okla.

Offering—Earle M. Simon,

Clerk,

day of January, 1946,

ject any and all bids.

receive sealed
Jan. 8 for the
purchase of $3,976,000 not to ex¬
ceed 4% interest coupon bonds,
City

Oklahoma,

City,

Oklahoma

ing,

at 4:00 p.m.,

Oklahoma City, Okla.
Bond

City,

Oklahoma, will agree not to offer

net interest cost of 1.15%. These

eight

must

2998—were award¬

p.

both of Oklahoma
a

separately and each issue
be sold separately.
The
City of Oklahoma

Edwards, Inc., and the

to R. J.

attorney

to the legality
be procured by
the purchaser at his expense. Said
bonds
may
be
exchanged
for
bonds registered as to principal
and interest at the request of the
whose

of the bonds

bidder fails to take up

for the bonds in accord¬

pay

ance

furnished

be

to

and

by
the Board of Education and opin¬

be

irrespective of the ma¬
and interest rate set

nance,

municipal

will

year

turities

(State of)
Again

be

upon interest rates; that
bids will be received on such
-r

.

Prices

not

pend

approving

'

different rate of
multiple of 14 of 1%.

bid for

interest in

substantially equal and that
the exact maturity will be^-

.

,

'■

each

interest
*

of Newcomer, Parker &
Bryan. will be fur¬

of

shall

changed, but that the amount
maturing in each year plus

A certified
payable to the

The

interest.

Bond

to

be

set forth in the

as

ordinance

J. A. White &

Jan. 2,




1, 1947, and $4,000 April and $5,Oct. 1, 1948 to 1969. Bidders

re¬

lowest rate of

provided,

stallments

*

Ohio'

the

that the number of annual in-

April 1,1946. Bidders may

Ohio

(P. O.

of 1%. These

to

interest;

different rate of inter¬
in a multiple of 44 of 1%. No
is to be for less than par and

Prices

are

bonds will
highest

the

terest upon the

a

of
pay

rate
multiple of
received

a

equal to 2% of the bid.
deposit is to be retained by
City as and
for liquidated damages in case the
successful

$1,000. These bonds
$1,000 on April and Oct.

due

are

sponsible bidder offering not
less than par and accrued in¬

this

1945. Due $1,000 from Dec. 1,

multiple of

interest,

bid.

est

different

a

in

based upon a different rate of

Village, must accompany this
Dated

for

'

April

specify

bid

interest

14 of 1%. If bids

'•/■V"/•'/

to.

a

of

to the
in an

made payable
Oklahoma
City

of

City

nomination

awarded

may

certified or

a

checks

or

This

The
$5,000 fire
equipment bonds offered for sale
on Dec.
18—v. 162, p. 2998—were

1, 1949 to 1958. Bidders

accompanied
cashier's check

be

must

the City of Oklahoma

Feb.

'35,000 swimming pool bonds. Due
as
follows: $1,600 on Oct. 1,
1946; April 1 and Oct. 1 in
1947 to
1956, and $1,400 on

by the District Clerk, for the pur¬
chase of $10,000 3% semi-annual
building improvement bonds. De¬
nomination $1,000, Dated Dec. 1,

in

Clerk, will receive sealed
noon on Dec; 28 for the

purchaser, provided the
amount maturing at any time
is-not
altered.
Due $20,000

check

accompany

bid.

;

as

the

$150, payable to the Vil¬

A

de¬
requested by

out.

set

above

date

bids until

.

different

in

nominations

this

in

/

printed

and

time

purchase of $200,000 3% building
bonds. Dated Jan.
15, 1946. De¬

First National Bank & Trust

be

their, respective offices in the Mu¬
nicipal Building on or before the

amount

multiple of 14 of 1%.

will

original

District

ed

Denomination $1,000, but

subject
advertised, the
copy filed with the City
Clerk, the duplicate copy with the
City Auditor, and the triplicate
copy with the City
Manager in
the

on

Each bid

a

on

high grade bonds and for 10
also rose from
yields of 1.14% and 1.46%, respec¬
tively, to 1.13% and 1.45%.
Strong bidding for $250,000 East
Cleveland bonds on Monday and

on

8.

Jan.

on

different rate of interest in

200,000 Municipal Airport Im¬
provement,
First
Mortgage
3% bonds. Dated Feb. 1, 1946.

5,000 garage bonds.
Due Oct. 1:
$440 in 1946 to 1955, and $600

Ohio

noon

sale

a

awarded

accompany

will

Jan. 8,

$7,000 in 1972 and 1973, $6,000
in
1974, and $7,000 in 1975
and 1976. Bidders may bid fbr

bid.

■

Offering—Sealed bids will
until

-

bonds.

$640

and

noon on

$7,000 in 1963 and 1964, $6,000
1965, $7,000 in 1966 and
1967, $6,000 in 1968, $7,000 in
1969 and 1970, $6,000 in 1971,

Aoril and Oct. 1 in

on

until

in

for

the

be received

*

April 1, 1947.
A $750 certi¬
fied
check,
payable to the

-

for.
Rockbridge),

Bancroft

$200,000

with

Bond

$1,000.
Due Dec. 1, as follows: $6,000
in
1947, $7,000 in 1948 and
1949, $6,000 in 1950, $7,000 in
1951 and 1952, $6,000 in 1953,
$7,000 in 1954 and 1955, $6,000
in
1956, $7,000 in 1957 and
1958, $6,000 in 1959, $7,000 in
1960 and 1961, $6,000 in 1962,

follows: $1,160 on Oct.

as

1946,

Ohio

triplicate, securely sealed in
separate envelopes with a legible
notation thereon that it is a bid

Washington Township Local Sch.
Dist. (P. O. Centerville), Ohio
Bond Offering—Russel Watkins,

Denomination

1945.

7"

25,000
;

.7.4

certified check for 1 % of
value of all the bonds bid

Goodhope Local Sch. Dist.

for

$200,000 3% Bancroft Grade Elim¬
ination bonds. Dated Dec. 1,

.

10,000 resurfacing bonds. Due on
April 1: $920 in 1947 to 1956;
and $800 in 1957.
A $300 cer¬
tified check, payable to the
Village, must acompany this

charges, if any, for delivery out¬
side the City of Columbus. En-

clQse a
the par

'

$1,050, payable to the Village,,
must accompany this bid.

nished.

City

first

improvement

and

nahan, Harris & Co., Inc., 'and
Ryan, Sutherland & Co., both of
Toledo,
jointly, has been
can¬
celled.
The bonds are being re-

the

purchase of the following cou¬
bonds aggregating $400,000:

$35,000 storm water sewer bonds.
Due $1,600 on Oct. 1, 1946; on
April and Oct. 1 in 1947 to
1956, and $1,400 on April 1,

charge to any

the

pon

Jan. 21, for the pur¬

ing $110,000:

be delivered free of

in

the

Wz% cousemi-annual bonds aggregat¬

Fenton

designated

mul¬

by Rudy Klein, City Auditor, for

chase of the following

opinion

bank

dif¬

a

a

Bond Offering—Sealed bids
be received

Carr, Village
Clerk,
will receive sealed bids

noon

bids made thereunder. Bonds will

*

Toledo,

"P.

terms of the notice of sale or any
.

interest in

of

of, 44 of 1%. These bonds
approved by the voters on
Nov. 6. A certified check for 2%
of the bonds bid for is required.

National

he

until

before

with

in 1948 to 1955, $1,-

1963; $1,500 in 1964
and $2,000 in 1972 to

-corned

compliance

Bidders may state

rate

ferent

Montpelier, Ohio
Bond Offering—It is stated by

the

requiring

March 1
1961, in¬

1946. Due $1,000 on
Sept. 1, in 1947 to

1,

Bank, Dayton.
Legality approved by Peck, Shaf¬
fer & Williams, of Cincinnati. En¬
close a certified check for $1,000.

successful bidder for the examin¬

transcript

works bonds.
$1,000. Dated Jan.

water

Denomination

J-D.

payable

1956 to

Winters

the

ation" of* said

semi-annual

not

1, 1945. Denominations
$500. Due Dec. 1, as

and

1971,

bonds

$9,500,000 issue
authorized at the general election
on Nov.. 6. A complete transcript
of all proceedings had in the mat¬
ter cf authorizing, advertising and
•; awarding
said bonds will be fur¬
nished the successful bidder at the
time of the award, and bids con¬
ditioned- on the acceptance of
boiids bid upon only upon the ap¬
proval of said proceedings by the
attorney of the bidder will be ac¬
cepted and considered, and a rea¬
sonable time will be allowed the
part

are

is

optional Dec. 1, 1955.' Prin¬
cipal and interest payable at the

Dated Jan.
15; 1946. Interest rate is not to
exceed 3%, payable M-S stated in
multiples of *4 of 1%. Principal
and interest payable at the County
These

3 xk %,

rate

rev¬

1974.

Denomination $1,000.

Treasurer's, office.

Interest

exceed

Dated. Dec.

Q00 in

mortgage

works

bonds.

$1,000

of $30,000 cou¬

purchase

water

enue

children's home bonds.
Due
$1,000 on
March and
Sept. 1 in 1947 to 1968; $1,000
on
March 1, and $2,000 on
Sept. 1 in 1969 and 1970.

•?

the

pon

50,000
.

Village Clerk,
of $30,000 3V2%

Cancelled—The sale

000

home a id h::Due $°,000 '""i
March and Sept. 1 in 194/ to
1966, and $10,000 on March
and Sept. 1 in 1967 and 1968.

.<

Jan. 7,

typewritten on the City's form
bidding blank and shall be made

or

of

was

Grade Elimination bonds to Stra¬

offered

by Harry Wilhide,
the purchase

which

of the $200,000 muni¬

13

mortgage,

Bond Offering—Sealed bids will

for

of

in

airport

may

bonds.

pital

cipal

South Charleston, Ohio

be received until 7 p.m. on

Nov.

on

reported

1.25% and are
better than half sold.

sale

Sale

Bond

were

county

400,000

being

to

the

cancelled.

larger issue of Elyrias were
re-offered at prices to yield from
.50%

1, 1946. Denomination $1,000.
All bids shall be written in ink

the bonds offered on

are

13,

tiple

oon

'

Nov.

at

by Margaret Nash, Village Clerk,

$1,-

Memorial

Veterans'

$600,000

sold

be received until

to

Ohio

'

Bond

9/1/47-76,

The

clusive.

Offering—Sealed bids will
noon on Dec. 28,

Bond

These

about

and

follows: $500

O. Columbus),

stated by
William F. Berkhemer, Clerk of
the Board Of County Commission-

~

for, payable to the Vil¬

lage.

for

;.V // 1, 1947 to 1956, incl.

>nd

No

for, payable to the Commissioner
of the Treasury.

100.53 also for
II/4S.
A smaller issue of $150,000
Elyrias due
10/1/47-56 sold at
100.29 for Is.
The East Cleve¬
lands
are
not being re-offered.
bid

second

10conditional

bids will be accepted.

-

■

for 1 % of the amount of bonds bid

sold

iy4% bonds, with the

100.634 for

the

within

levied

East

bonds, a net in¬
.80%.
The

1%

of

du6

Elyrias,

E. McDermott,

by J.

cost

terest

be received until noon on Dec.

due

Feb.

All of the bonds are dated

The

10/1/47-56,

been.

ever

101.29 for

at

Offering—Sealed bids will

Bond

has

it

as

Clevelands,

Hillsboro, Ohio

f$15,000 town hall bonds that car¬
ried at the November election

the

by

Nov. 6.

on

The

—

approved

were

voters

Ohio

'

3127

COMMERCIAL & FINANCIAL CHRONICLE

THE

Number 4449

162

year

last

thereafter,

installment

except

shall be

$1,000.

39,000 storm sewer bonds.
Due
$4,000 in 3 years from date
and $4,000 annually each year
thereafter,
except that the
last
installment
shall
be

$3,000.

THE COMMERCIAL & FINANCIAL CHRONICLE

*

3128

Texas

TEXAS

street equipment bonds.
$2,000 in 3 years from
date
and
$2,000
annually
thereafter, except that the last
installment shall be $1,000.

lljOOO

School

Due

Indep. Sch. Dist., Texas
Bond Sale—The $150,000 school

Andrews

school

$315,000 school

bonds offered for sale on Dec. 11

jointly,

at

lVss,

price

a

Price Bid
1Vh% Bonds /

For

National

First

*

.

'

-100.223

Corp., and
Co., Inc., jointly.-100.189
For

114 % Bonds
Noyes & Co.,
Newburger & Hano, and
Sheridan, Bogan Co.,
jointly

Hemphill,

,

100.765

E. H. Rollins &

Sons, and
Singer, Deane & Scribner, ,
jointly
v
100.179

Township {P. O. Nanti-

Plymouth
"

'coke), Pa.
Bond Sale—The $22,000 coupon
road bonds offered Dec. 15—v. 162,

2871—were awarded to E. H.
& Sons, of Philadelphia,
2s, at a price of 101.38, a basis

p.

Rollins
as

and

1945

,

due

1946

from

Dated

1.75%.

about

of

$2,000

Nov.

1,

1

inclusive.

1956

to

Nov.

on

Among other bids were the fol¬
lowing:
First
National
Bank,
Wilkes-Barre,
100.06 • for
2s;
Singer,
Deane
& ' Scribner,
of
Pittsburgh, 100.79 for 2V4s.
.

semi-annual refunding bonds
on Dec. 17—v. 162,

pon

offered for sale

2694—were awarded to Halsey,
Stuart & Co., Inc., of New York,
as
114si at a price of 100.515, a
p.

1, 1945.

Due on Dec.
inclusive.
v7-I

1955

1 in 1946 to
.

Secbnd best bid was
fer

joint of¬
Ripley & Co.,

Harriman

by

a

Inc., and W. H. Newbold's Son &
Co., of 100.334 for 114s.

New Debt

Refunding Plan

instance

as

are

under

State

several

for

whether to
permit
school
districts
to
call
bonds prior to maturity in order
them

refund

to

interest.

.

lower rates

at

•/

.

RHODE

144s, and $16,000 214s, at a price
of 100.05, a net interest cost of
1.951%.

/

.

for

Sold—The

able to the

rehabilitation,

construction

and

veterans'

employment bonds
is
being offered by the First Boston
Corp.
Dated Dec 1, 1945.
De¬
nomination
are

due

on

$1,900.
Dec.

1,

These

bonds

follows: $17,000 in 1946 to 1948, $16,000 in 1949
to 1953, and $15,000 in 1954 to 1970.
Principal and interest payable at
the
In

First
the

bonds
eral

as

National

opinion
will

of

Bank,

Boston.

counsel,

constitute

these

valid

gen¬

obligations of the City,

pay¬

able from ad valorem taxes levied

against

all

therein

without

limitation'

rate

amount,

except

tax

or

the

taxable

property
as

that

to

the

intangible personal prop¬
erty is limited by law. Legality
approved by Storey, Thorndike,
on

Dec.

on

for

offered

17—v. 162, p. 2696—

Co., of Dallas, at a price of
100.021, a net interest cost of 1.80%
as follows:
For $20,000 maturing

1950,

Jan.

1,

$4,000

in 1951 and 1952, as 2y2s,
$60,000
maturing
Jan.
1,

and

$3,000

in

1947

to

bidder was the Columbian Securi¬

of

lV2s, and $32,000 2s, at a price
100.046, a net interest cost of

1.82%.

Circuit

(Ninth

decision

sewer

sanitary

construction;

system

sewer

improvement; $100,000 street pav¬
ing; $65,000 fire station/and $65,000
city hall addition and re¬

al

County,

Plans

Bond

:

)

1

.

1 -

favor

held

favor

in

Feb. 27,

County,

the

thus

county

1945. ./,'/>
in

Plaintiffs

of

State

of

the

on

7,
were

the

and

case

Washington

prior to maturity date.
..

bonds

themselves

the

While the

carried

no

op¬

redemption privilege, the
county contended that it has the
tional

ly

on

$458,438
bonds.

the

proposition

water

■

Sale—The

Bond

bonds of¬

IT—-v. 162
p. 2999—were awarded to the Col umbian Securities Corp., and the
First of Texas Corp., both of San
Antonio, jointly, at a met interest
cost of about

1.795%, on the bonds
divided
as
follows:
$51,000
as
2y4s, due on Jan. 1; $7,000 in
1947 to 1951, $8,000 in 1952 and
1953; the remaining $124,000 as
iy4s, due on Jan. 1; $8,000 in 1954
to 1956, $9,000, 1957 to 1961, and
$11,000 in 1962 to 1966.
Interest
payable J-J.

works




plant

State courts.

,1

bonds

the
<^f

Sold—It

3%

is

stated

semi-annual

that

were

Dallas.

Legality

B.

Henry Investments,
Dated
Nov.
1, 1945.

approved

Parkhurst &

by

well

the

as

It is understood that

Supreme Court.
•

:S

VIRGINIA

Alexandria, Va.
Offering — Sealed
received

until

bids

be

Dec.

27, bv Carl Budwesky,. City

McCall,

Crowe, of Dallas.

noon

on

'

reoffered

for general sub¬

to

at

an

yield

average

All

the

of

in

Toronto

7

refunding

bonds

placed privately in the
United States by the First Boston

Corp., and Associates, as agents,
reported in v. 162, p. 2872—
were issued by the city at a price
of 98.57.
Due serially on Dec. 1
from 1948 to 1960 inclusive/and
as

and

at" par

awarded

in

United

Canadian

option.

States

■,

,

.

;

,

NOVA
Nova

dollars

currency,

7

-

or

in

holder's

at

.

SCOTIA

Scotia

Debentures

the

to

101.615, an
2.03%:
,

(Province of)
Publicly Offered—

Pitfield

& Co., Nesbitt, Thomson
Co., both of Montreal, and the
Midland
Securities
Ltd.,
of

&

London,/ Ontario,
is
offering
general investment $5,086,000

for

3% semi-annual sinking fund de¬
bentures.
Dated
Dec,
1,
1945.
Denomination $1,000. Due June 1,
1958.
Redeemable at the option

y

*

Bank

of

Nova

price of
average basis of about
at
;

,

a

•,

$80,000 2% repaving track bonds.
Due
$16,000 annually from
.

1950 inclusive.

1946 to

;

78,200 2y2 % sidewalk bonds. Due
as
follows:
$6,900 in
1946;

$7,100, 1947; $7,400. 1948; $7,600, 1949; $7,700, 1950; $7,900,
1951; $8,100, 1952; $8,300,1953;
$8,500, 1954, and $8,700 in

1

1955.

V

.

18,100 3%

7/7

'

sewer

bonds.

Due

as

follows;

$1,000 from 1946 to
71948 inclusive; $1,100, 1949 to
1951

inclusive; $1,200, 1952 tar
inclusive; $1,300, 1955 to

1954

1957
and

inclusive; $1,400 in 1958
1959, and $1,500 in 1960.
are

dated Jan.

1,

Denominations $1,000, $500

Interest

$100.

in

redeemable

J-J.

Bonds

whole

or

in

part on any date prior to maturi¬

Principal and interest payable
in currency of Canada at the Bank
of Nova Scotia, in Ottawa, Toron¬
ty.

and

to

Montreal.

The next highest bidder wps

the
Imperial Bank of Canada, Mon¬
treal, Domi iion Securities Corp.,
Toronto, and Associates, at a price
of 101.533.

Toronto, Ont.
Bond Sale Details—The

$3,288,-

405.89 various

municipal improve¬
recently sold by the
city at a price of 101.661, as pre¬
viously noted in v. 162, p. 3000,
were
purchased by W. C. Harris
& Co., and Burns Bros. & Den-»
ton, both of Toronto, jointly.
ment

bonds

Windsor, Ont.
Exchange—It is

Debenture

A

syndicate composed of Cochran,
Murray & Co. of Toronto, W. C.

Le¬

—

of Halifax,

interest

any

on

Montreal.

The following
amounting to $176,300
offered for sale recently, were

Scotia,

date

beginning Dec. 1, 1948, on 60
days' publ shed notice.
Principal
and interest payable in New York

dated

debentures

and

recently

be

Ottawa, Ont.

Debenture Sale

are

callable

or

All of the bonds

ALBERTA

will

1953.
19547
1955.

gality approved by Daly, Thistle,
Judson & McTaggart of Toronto. 1

of

1946.

2% % -3 V2 %

bonds

1952.

15,
15,
15,
15,

15, 1956. Denomination $25,000. Principal and interest (J-D)
payable in lawful money of Can¬
ada

Edmonton, Alta.
Bond Sale Details—The $2,039,000

l%s, due Dec. 15, 1949.
l%s, due Dec. 15, 1950.
2y8s, due Dec. 15, 1951,

Dec.

Dated Dec. 14, 1945. Due

>7:

iy4s, due Dec. 15, 1947.
iy2s, due Dec, 15, 1948.

re¬

ported that general and refunding
debentures of the above city, due
on
Dec. 31, 1947, are being ex¬
changed
for
new
debentures
which mature serially from 1945
to 1975, and will carry increased
rates of interest.
Montreal Catholic Sch. Commission
'

,

,

<

(P. O. Montreal), Que.

.

for
the purchase
of
$1,500,000 2% coupon semi-annual
public improvement and refund¬
ing bonds.
Dated Dec. 15. 1945Denomination $1,000. Due Dec. 15,
as follows: $30,000 in 1947 to 1951,
Manager,

$40,000 in 1952 to 1971, and $50.000 in 1972 to 1982.
Registerable

principal only.
Authorized
by Ordinance No. 446, approved
Nov. 27, 1945. Principal and inter¬
to

as

payable at the City Treasurer's
office.
The approving opinion of
Reed, Hoyt & Washburn, of New
York City, will be furnished.
En¬
close a certified check for 2% of
est

the face amount of the bonds bid
for

payable to the City.

water

Series of 1945
purchased recently by

revenue,

Louis

as

plaintiffs will file application for
a
writ of certiorari to the U. S.

Bond

fered for sale on Dec.

Bonds

to 'issue

Courts,

will

$175,000 semi¬

annual water and sewer

$50,000

softening

bidders

1945.

right to redeem them prior to ma¬
turity under the authorizing stat¬
utes and has now been upheld by
both the Federal District and the
Appeals

13

March 15,

on

a
of

upholding the U. S. District Court
for the District of Arizona, which

*

Jacksonville, Texas

DAKOTA

Election—An elec¬

<•.

Canada (Dominion of)
Sold—-An issue of $75,-;

0.363%,

•

Maricopa

vs.

modeling bonds.

;

tion is scheduled to be held short¬

7••

,

CANADA

Appeals

Ariz., in the
of the State of Washington

Maricopa
case

in

*

2%s, due Dec.
2,000,000 2lis, due Dec.
2,000,000 2%s, due Dec.
2,000,000 2%s, due Dec.

000,000 treasury bills was sold on

District), has rendered

unanimous

'

.

4,000,000
4,000,000
2,000,000
2,000,000
2,000,000
2,000,000

Co.,

scription at prices from 0.35%
0.95%, according to maturity.

Dec.

of

Court

162,/p.
described
as

$4,000,000 Is, due Dec. 15, 1946.

Bills

Equitable Life Insurance Com¬
pany of Iowa, holders of Maricopa
County bonds which were called

ties Corp., San Antonio, for $48,-

•

S. Dak.

:7 •; .7

successful

;

Court Rules in Favor
of Maricopa County—The United

et

$4,000 in 1953 to 1962, and $5,000
in 1963 to 1966, as l34s.
Interest
J-J.
Dated Jan. 1, 1946. Denom¬
ination $1,000.
The next highest

Rockwall,"Texas

Huront

•

the above bonds

County."

United States

^

States

awarded to Rauscher, Pierce

&

Palmer & Dodge, of Boston.
SOUTH

follows:

pay¬

Appeals

—

to, at a price of 99.75—v.

3000—are„ further

Bonds Offered for Investment—

The

check

UNITED STATES

construction; $40,000 sewage filter
plant construction; $50,000 street

Bonds Publicly Offered—An is¬
sue
of $386,000
1V2 % hurricane

New York.-

V

$80,000 street

bonds

improvement
sale
were

$53,000

Newport, R. I.

J

v

The $26,000,000 refunding bonds recently
purchased by a syndicate headed
by Wood, Gundy & Co., of Toron¬

made by a syn¬

was

WASHINGTON

of the amount bid,

2%

Giddings, Texas

$150,000 storm

ISLAND

■

100.729 for Is

dicate headed by Estabrook &

.

est cost. Enclose a certified

(Province of)

Sale Details

Bond

.

Re¬

.

& Co., of New

of

^

■

Bank, of Richmond,
York,
as Is, at a price of
100.951, a basis
of about 0.887%.
Dated Jan. 1,
1946. Denomination $1,000. These
bonds
are
due
$142,000 Jan; 1,
1947 to 1966.
Second high bid of

had

has

Board

discussion

'

months the question of

an

leased—C. C. Collins & Co., Phil¬
i ;
adelphia, have just released a re¬
Harlingen, Texas
funding plan
of Dec.
1,
1945
Bonds Voted —At the election
(superseding the plan dated June held on Nov. 20 the voters ap¬
1, 1945), on the borough's debt, proved the issuance of the follow¬
acting as fiscal agents for Shenan¬ ing bonds aggregating $585,000:

doah.^

ONTARIO
Ontario

.

000

Shenandoah, Pa.

ready made.
Legality approved
by L. A. Landriau, of Toronto!

tral National

and Lobdell

Moses Lake Sch. Dist. (P. O.
Waller County Consolidated Road
Ephrata), Wash.
of counsel to the State
Bonds Voted—At a recent elec¬
Board of Education, which holds / Dist. No. 7 (P. O. Hempstead),
\::t '
Texas ■ 1
tion the voters are said to have
part of the bonds.
•Bond Offering—W. P. Herms,.
approved the issuance of $50,000
Jr.,
County
Auditor,
has an¬ school bonds.
;
Fredericksburg, Texas ' 7 7 7
nounced that the Commissioner's
Bond Sale—The $50,000 fire sta¬
WEST VIRGINIA
Court
will receive
sealed bids
tion and city hall bonds offered
until 10. a.m. on Dec. 31 for the
West Virginia (State of)
for sale on Dec. 7—v. 162, p. 2696
purchase of $500,000 road bonds.
Bond
Option ; Not Exercised—
—were
awarded
to
the
Dallas
Dated Jan. 10, 1946.
These bonds The Chase National Bank of New
Union Trust Co., of Dallas, at a
are due on April 10,
as follows: York syndicate which purchased
price of 100.337, a net interest cost
$24,000 in 1947, and $34,000 in on Dec.' 12 ah issue of $1,000,000
of 1.901%, as follows: For, $25,000
1948 to 1961.
Optional 7 years road bonds as 3s and Is, at par,
maturing Jan. 1, $1,000 in 1948 to
from date.
All expenses in con¬ a net cost of about 1.051%—v. 162,
1950, $2,000 in 1951 to 1961; as
nection with the issuance of these
p. 3000—did not exercise the op¬
l%s, J-J, and $25,000 maturing
bonds,
including an approving tion, effective until Dec. 17, to
Jan. 1, $2,000 in 1962 to 1966, and
opinion by nationally recognized purchase an additional $1,000,000
$3,000 in 1967 to 1971, as 2s. Dated
bond attorneys, will be borne by bonds on the same terms.
7;
Jan. 1, 1946. Denomination $1,000.
the county.
The bonds will be
The hext highest bidder was Mcawarded on the lowest net inter¬
Roberts Graham & Co., for $34,000

Dated Dec.

basis of about 1.15%.

public im¬
amounting to

bonds

provement

Va.

The

—

the request

Dist.

(P. O. Scranton), Pa.
Bond Sale —The $239,000 cou¬

now

May

Bonds

Sch.

Scranton

redemption

$200,000 2%% road bonds,
10, 1940 and due on
April 10 from 1943 to 1958 inclu¬
sive.
The Attorney General is
said to have issued the opinion at
dated

First Boston

for

The

000.
•

issue of

Bank,

Media

Blair &

call

can

each

School, $193,000;
Independent School Dis¬
trict, $110,000;
Santa Margarita
Independent School
District, in
Willacy County, $67,750; Catarina
School, in Dimmitt County, $61,-

'••"

General has ruled that the county

dis¬

Slaton

Dallas),
,

The

follows:' Mexia

is
reported that the State Attorney

other bidders were as follows:

Bidder

Texas,

'*

;

in

volved

May Redeem Bonds Now—It

These bonds are due on
from 1946 to 1970.
The

$1,000.
Dec. 1,

:

in the best

was

fund.

tricts and the amount of bonds in¬

an

the voters

Dallas County (P. O.
'■«

the

of

interests

of

of about 1.091%.
Dated Dec. 1, 1945. Denomination

Sale

bonds

redeem

to

recall of the bonds

.

Voted—At

15

Dec.

on

basis

a

-

election
authorized
an issue of $475,000 road construc¬
tion bonds.
' 4 ;'

p.

as

100.38,

Texas

■

,

Bonds

2998-*-were awarded
to
Stroud &
Co., and Schmidt,
Poole & Co., both of Philadelphia,
162,

—v.

.

,

districts

Bond

$2,840,000 and offered for sale on
Dec.
19—v.
162, p. 2872—were
manent School Fund out of the awarded to a syndicate composed
proceeds
of new lower-interest of the Mellon Securities Corp., of
bearing
refunding
issues
was Pittsburgh, Eastman, Dillon & Co.,
granted on Dec. 10 by the State of New York, Harris, Hall & Co.,
Board of. Education, according to of Chicago, Commerce Union
report. The board acted after one Bank,
of Nashville,
Francis
I.
of ; its members contended that the duPont & Co.',; of New York, Cen¬

iygs.
City National Bank & Trust Co., Dated Jan. 15, 1946 and due on
Kansas City.
Jan. 15 from 1947 to 1956 inclu¬
sive.
The Dallas Union Trust Co.,
PENNSYLVANIA
of Dallas, the only other bidder,
Nether Providence Township Sch. offered to take the bonds as l%s.
Dist. (P. O. Wallingford), Pa.
Cherokee County (P. O. Rusk),
Bond Sale—The

to

presently held by the State Per¬

to the

p. 2447—were awarded
Andrews
State
Bank,
as

162,

The next highest bidder was the

Permitted

Refund Bonds—Permission to four

3—v.

Dec.

offered

bonds

house

Richmond,

(State of)

Districts

Monday, December 24, 1945

,

,

Bonds

Va.

Purchased—An

issue

of

$125,000 city bonds was nurchased recently by C. F. Cassell & Co.,
Charlottesville, at IV2S, at a price
of 101.22.

:

of the

Province, in whole but not
in part, at par and accrued inter¬
est on 30 days' notice on any in¬
terest date on or after June 1,
1956.

Principal and interest pay¬
lawful money of Canada,
in
Halifax, St. John, Montreal,
Toronto, Winnipeg and Vancouver.
A Sinking Fund of 2% will be
provided
annually
during
the
able

in

„

term of these debentures.

In the

opinion of Counsel, the debentures
will be a direct obligation of the
Province

and

will

be

a

charge

upon
all revenues, moneys and
funds of the Provincial Treasury.

The proceeds of this issue will be
used for refunding $3,055,986.81,

representing balance of issues al¬
ready matured during 1945, $1,000,000 for advance to Nova Sco¬
tia

Power

balance

for

penditures

Commission,

and
funding capital
of the Province

the
ex¬

al¬

Bonds

Offered

to

Public—The

following bonds aggregating $3,466,000, are being offered by a
syndicate headed by the Banque
Canadienne
Nationale, and the
Provincial Bank of Canada, both of
Montreal, for public subscription;

schools bonds. Due
1960.
school bonds. Du£
1, 1946 to 1950.
'
school bonds.
Due

$450,000 3 yk%
on Dec. 1,
765,000 2%%
from Dec.
.

,

762,000

3%

from Dec. 1, 1951 to 1955.
1,275,000 3y4% school bonds. Due

from Dec. 1, 1956 to 1970.

214,000 3V2%
from

Dec.

Denominations

schol bonds.

Due

1, 1971 to 1975.

$1,000

and $500.
Principal and
interest (J-D)
payable in Mon-^
treal, Quebec or Toronto. Legal¬
ity approved by Letourneau, Tan^
sey, Monk, de Granpre, Lippe &
Tremblay of Montreal. ;
Dated Dec. 1, 1945.