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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 *37Ma 47% ' 110 *104 ■,/ *46% "• -11% 11 *109 ■ V 48 *47 : :47% 48 40. 38 *39 - 40 ouiRaie-Paimonve-Peei. $3.50 prelerred 2,000 v $ ■Par Coca-Cola International Corp 45 >111.: ' 16% 393A 16% .17 39 *39 40 Ma "... 113 » Shares 105 46 Me 47 Ma 47 Ma *111 Range for Previous Range Since January 1 Lowest Highest ' STOCK YORK NEW EXCHANGE — 443A 105 105 105 113 16% ; /'■ 41 ,*40 Mi 41 v. 39 Ms .'s • 48 , 40 Ma 47 MB 16% 16 Va , 41 38 ,42 -413/a .. "ill ' : V 17% 39 Ma 105 47% *111 113 *1185 A * the Week share per 45 Ml 443A 45Ma *103% - i share per Sales for Dec. 21 *1185 — 45Me • 47 47- . 113 , Mi 16 r 42 *41 105 t share per •'*1185 '' *103% • 47' 46 49 Mi i ' 103"% 103% 105 *47 Ma )« 443/4 44% Mt 46 46 Mi 46 *104 i '*1185 *1185 — 46 $ per share 1 per share - t "1185 S ! Friday Dec. 20 Dec. 19 Dec. 18 Dec. 17 - Thursday : Sep 11 25% Apr 6 12 Me Jan 12 118 ' 125 V Oct 26 37 Ma Dec 11 27 Ma Dec 8 3 4% Jun 143/4 7%' Nov Jun 114% May 21 Mb / 19 Mi Nov 127 Nov 28% Dec 13 Ma Apr Nov D 26 *111 Ma •112 47 V* *46 Ma *31 32 *111 Ma 45 Mi *45 44 Ma 44 Ma 44 39M4 39 Me 39 Me 31 Ye Ma - 31 Ma 32 32 13 Mi 14 ^5 Mi 253/e 24M4 80 57 :•.. 27 27 41 41 44 Ma 43 Mi 43 Mi -32 M4 32 Mi 31 31M4 79 108 *54 Ma 263/4 27 ."•97 Ma 99 114 ys' *113 25 80 78 41 44%: Ma 54 Ma 47 Ve . -;/ *54 99 Mi *160 166 *113 114% 31 162 •V 114 Me 160% 114% 20% 113 Ma 29 Ma 111 Ma 28M4 28 3,4 28 Ma 28 Ma 27 27 32Mb 32 Me 31 Me 31Me 30 Ma 31 y* ■ 188 128MB *128 130 *128 128 5/a 115 *114 115 *114 115 ' <*114 184Me 187 114% . 2,500 Distil 47 Ma 1,700 54 Ma 70 26 Ma 3,200 6,200 95% Q5 5,000 *113 160 160 160 Ma 117 113 113 29% 27 31% 30 Ma 500 11.800 29 Ma 29% 113 Ma 100 27% 27% 1.100 *30 Ma 313/e 600 28% 30 Ma *27% 1,000 *111 Ma 30 113% 179 Ma 184 Mi 184 Mi 182 183 128 128 128 128 115 114% 114 Ma 184 Co Corp-Seagr's Ltd preferred 5 % 263/4 *1113/4 preferred 76% 93 Mi 30 Mi partic 6 % 31 26 160 Raynolds A new-—12.50 Diamond Match— No par & Devoe Diamond T Motor Car 26 Me ■ 1 -No par Preferred 20 Delsel-Wemmer-Gilbert 10 Delaware & Hudson——;—; 100 Delaware Lack & Western.^ 50 Detroit Edison 20 Detroit Hillsdale & S W RR Co__10O 300 108 3,100 *128 128 Mi 200 114 114% 90 A 1 pfd—_100 Dayton Pow & Lt 4Ma# Decca Records Inc Deere & Co — 1.500 263/e 113% *114 Ma 400 40 Ma Corp Chemical Corp (The) Davega Stores Davison 44 26 Ma 111 % *30% 2,600 54% 29 Me * 27 186 189 189 *128 ' , 111% ,114% 30% *111% 31 Ma *53 Ma Mi V2 95 Ma 97% 113 Ma 31 6,300 26% 25 159 Ma 47 Ma, 48 ' 7,000 20,600 *53% 26 27 96% *111 Ma *75 Ma *106 Ma 47% 54 Ma 96% 30% 76 47 Ma 162 Ma 953/4 Ma .108 26 Mi 42 *106 Me 26 Mi 263/e *39 Mi 31 77 Mi 108 54% 26 26 Me 26 30% 31% 46 3/8 Mi 25 Ma . 78 40 42% ;, *72 Ma 26 39% 55 25M4 78 42% 47 Ma 263/4 96M4 44% 14 : 26 Mi 26 Mi 76 Mi 800 24% 44 700 39 Me 31 13% 44 Ma *106 Me 26M4 . 39 Me 243/4 ,41 76% 108 5,100 14 Me '.:*42Ma *30% Mi *30% 44 Ma ivi *40 Mi 31 Mi *106 Me 48 Ma 27 600 44 24% *72 78 26 26 Ma *40% 75 ' *70 - 433/4 13% 44 Ma 143/B 24% 26. Ma 166 Ma 45 137/e 30 25 243/4 Ma 44% 26 «/4 .. 31 Ma 24% 31 108 54 55 Ma 26 Ma MM 473/4 48 Ma 166 Ma . *106 Me -'/26Ma : ~ 76 79 *106 - 40 *30% 13% *42 Ma M 265/e 41 Ma *39 33 45 *73 •"'*42 Ma 59 Me *303/i ' M , ' >■ 78 :- *73 . 44 Mi 45 24M4 Me 45 Mi 443/4 *44 Mi Ma 39 Me 4,000 43 Ma . 313 *111 Ma 800 25% 42% 25% 113 253/4 111 Ma 25 Ma 25 Ma 13% 25 Mi Vr?73 Ma 25% 43% 453/4 •t'; 43 Ma 14 Ma 25 26 Mi 45% 45 Mi 45 453/4 / *111% 113 46 <" •-453/8 —47 Ma 25 Ma A 111% 25% *25 v 24% 44 Mi 46 ••-13% A 26 24% 111 Ma '* 111% 40 v: 26 : 39 Mi 46 45% *39 •v v 26 25 i- 26 / *25 25 Ma 27 "26 Dixie Cup Class Co A 28 2 5 No par No par Dow Chemical Co common—No par $4 preferred series A No par Dresser Industries —59c 3%% conv preferred— 100 Dunhill International 1 Duplan Corp— —No par Du P de Nemours (EI) & Co—-20 #4.50 preferred No par 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 .163/8 Jun ,_75 Sep 25% Dec 21 33 *' Aug 20 29 " Oct 307/e 22% July 373/s : 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 40Va Jan 105 Aircraft 9 15 49Mi Nov 2 Jun 34% Aug 22 100 common——No par No par Jan Dec 28 113 39% Mar 29 No par Mines Ltd— Dome 33 38 Doehler-Jarvls Corp Douglas 16 Mi Jan 6 108% Sep 13 42 / Sep Dec 35 - .13 Mi Jan 17% July Nov x273/i Feb 387/a 105 Dec Apr 14 15 Mi Jan 203/4 Dec 6 43% Jan 49 Nov 27% July 56 Mar 18 Jan 2 29% Oct 10 22 M4 Jan 2 29 Ma Nov 15 Mar 26 lOOMa Dec 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 20% Aug 24 34 % Dec 2 192 Ma Oct 10 9 125% Jan 9 129 Feb 113 Oct 6 117 Mar 13 Jan 111% Dec 17 12 155 Jan 112 143/e Nov Feb 20 Mi Dec 137 Fell 102 M2 Jun 1 123Ma Jun 128% Dec 6 113 Dei 1203/i jan 14 Mb July 't/% 20 Ma 125 Mi 20 20 20 125 Ml 118 124 *31 12 *30Mi^ 32 32 Ma *31 20M4, 118 20% 127 191 Ma 63 Ma 63 Ma - 36% *111% *68 22 Me 225 226 226 192 *190 63 65 65 52% 52% 109% 36 Mi 111M4 11% *108% 36 Ma 35 y4 112 1113/4 12 Me 11 66 20 Vt 22 Mi 6% 7 Me 16 Mi 18 151 152 *136% 140 For 1 , 51- 109 Ma 35 Ve 35 V* Ma 35% 3,700 fiuoteuu 31 29% 29% 400 - 51% 109 Ma 353/4 224 Mi *190 222 Ma 224 192 192 192 65 64 51 Me 111% 1113/8 113/4 11 Ma 12 Mi 67% 60% 673/i 66 Mi PR 21% 22 21 6 22 Ma 63/4 R3/4 6% 16Mb 17% 17 Me 17-% 151 3091. 151 139 139 152 138 Ma 152 138 Ma X6% 152 17 152 1 iq Ma 100 1,600 69, cum $Rton 1,100 Edison Bros Stores Ekco d v2 9, 1113/4 100 11 Va 4,500 Elastic PR p'% 3 piectrlc 21 21% 152 *139 - 4,600 71 P% 16% 17% Inc n"pfeT r#>d Products Co 4M,'? 1 18,100 152 1,100 1.41 500 Electric Elec & lectric t" 170 100 4 185 Jan 49 Jan common—2 1rn 100 preferred 1 Stop Nut Co Autc-Llte 8 (The) 3 Boat shares Light———No par Mus Ind Am, Power orpfprrpfl & 39% Jan 18 Mi Jan Corp——9 —No pat preferred 1,500 * — Manufacturing Co 11% . Airlines inc Stainless Steel Eastman Kodak Co *110% Ml F% 1.7 1,300 109 Ma 35 Me 35 21 Ml 20% 7 *110% 1113/4 113/4 11% 53 *108 Ml 35% 1113/4 653/i 53 51 Me 10°% 35 Me 65 21 20 20 224 Mi *63y8 ♦10R NJ Co Eastern 11 Ma 17% page 51 *108 122% *1113/8 69 Vo footnotes see 52 *108 Ma 151 *149 2263/4 Eagle-Picher 1213/1 20 Mi 31 192 63 Ma OMb 1.7 3/l 31 *189 69 11Mb 31 192 63 3/4 4,500 123 20 Me 122 Mi 227 62 Ma , 55 109 20 Me 124% 192 229 191 Ma *52 3% 20 123% 227 228 Mi *108 Ma y8 — Nr vn 22 22 26 July30s 21% Dec 8 10% Dec 3 33 35% Nov 5 134 6Mb F«b Apr 41 Dec Jan 25% Dec 229 Dec 12 157 Fib 178 200 jun 195 2 175 J».n 22 66% Oct 2 41 Jim 21% Jan 15 54% Dec 7 16 3/4 Miy Sen 17 104 6" 24 July 24 106 Aug 27 Dec Sep 52 Dec 24 Ma Dec 109% Dec J.2 7 39 Va Dec 112 Dec 1 13 8 Mi Dec 15 Mi Sep 42Me Jan 20 71 Dec 6 37% Jan 453/4 Aug Jan 20 24% Dec 3 10 Apr 153/4 Dec 8% M^y 14 4Mb Aug 3 7 12% Dec 7% Dec 3 3% Jan 3% Nov 6 Va Oct 5M2 July 19 Me Dec 8 109 Jan 3 158 Dec 10 8IMa Apr 114 Dec 103" Jan 3 146 Dec 11 78 Am '03% Dee 3 Me Jan 2 ;/iii; i^/yv; rS Volume 162 Number 4449 - THE M;'il'X J .' Saturday 'tDec. J5 T t per share 5214 •j. 25% *81 V,7: 52% 46% V 46% 27% 36% 35% 33", 105'A 105% 105% 5106% 107% 105 r 18% 17% 83% ■V 80% *91 % 96 53 3% 58 23% /o 96 , 18%- a 34 104 105 105 108 V 108 <3% * •8l>A" •9174 " 82 96 1874 33%; 31% 17% 24% 110 41/4 31 *16% ;;?874 55% 105 •108 30'/ 15 16 105% 105% *105 , 61% 35% ^ 36% 35% 36% *110% ,17% *110'A *50% 16% 44% 50% 41% 12% 68% 27% 74% 42% 26% 26% 25% 26% 25% 55 - 12%, 7 11074 . *184% f 185 % 14% f •' 47% 48 46 127 22 1f ';- ^ 6Va .42% *137 127% 7 - 1 6% 40 - 6 , *107 42% > •=': •>'• 1:'-" 185 »/a ,1153% 37% •136% 69% *166 47 .->* 184 35% 9% 10% 7" 7 7 7741 7% *30% 1974 3174 32 •;•*"£• 18% 1 i:> 19% ' *131% *120 7 74 107 974 7 . 127% -1 128 41 33% ;1;1 5 Va • 41% ; 1 b "7% 5% • 30% 39% V v. 30 :!u 1 30% 7 ■ 38%' b 38 % *36 i *107 • 41% 110 ' 41% 2317 2258 1 V-1' 1'•' 104 V4 41%' 22V4 =49% *103 , 37 ^•1.7.36% *54% *54 614 ' 6% < 6% *151i/a 69% 35% 169% 102 102% *102 V'4 103 Va *112 61V 60 •: 113 10% iVe 7; 7 32% . 113 10% • 18% 19% -19% 3074 31% 31% 31 • 7V4 . 32% 1-321/3. 107% •: 17% 59% 3274 32% 31% 32% 3174 32% 19 32% 32 17 ; 9% 1" 7: v; *32% 80 34 .... 107% 1174 , 25% 2574 78 *106 52 54 11 11% 96% " 76 76 74% 75 6174 61% 61 61'A For footnotes see page 78 79 33 % 33% 110 52% 25 60% , 52 % 1174 *74 • *106 94% "" 71% 78 23%. - 173 %. 3314 11 ..•: 25'% 24 . 94 ■ X96%, • . 32% 109 51% 1174 98 I. . Dec 1374 Dec 10 5% May 874 July 75 Jun 26 58% Mar 29 % Nov Dec 1374 Jan 1774 Sep 70 Jan 30% Jan 39% Jan F'k'n Simon & Co Inc 7 % Freeport 3,300 Fruehauf 1 4,100 11,700 > 1,600 ■ Sulphur 4%% Co 10 Co (The) ..No cl A Gamewell Co 11 Dec 11 1274 Dec An 6 V2 Jan 2 '14% Jan 22 1074 Dec 6 >1974 Nov 103 4 '116 13 par ' Jan 14'A Apr16% Mar 3874 July 44% 26 7 July > 3% July '{ Jan 274 Jan 187* ■ vl7% 1574 Sep 62% Oct 10 18 y* Dec .8 12 5 Dec Bep 13% Jan Dec 2874 Dec 9 Dec 116 Apr 114% Dec 2 51% Nov ' Dec 135 274 12 29% Nov 6 7% Jan v 6 6674 Feb par- -No par Co— 71% Dec 162 17 ..20 (The)-. •Gardner-Denver Jan 9 7 —\ Inc (Robert)—— preferred— 6% 113 May 51% Nov 5 42% Mar 26 1 * 146 9 Jan 34 - 13 Mar 118 100 Gair Co • » 24 115% Jan 100 Co Trailer pfd preferred Gabriel * - 600 • ■ > 9,700 ' : 120 109 53% 900 > 5,900 1: >*?.': 5ya% 18% Dec , 30" 1 ...60 :'i' 300 30,300 - I 900 Dec Jun $8 1 7% ; No Foods .No Dee 58% Dec i 22 2474 Dec 19 10% Feb 16% Dec j 10474 Apr 18 1: 109 Va Dee 11 Jan 31 6174 Nov 13 8% Jan 2 14% Dec • 1607a Jan 2 185% Dec 374% $5 Gen 37% Railway Signal 62 > Gen Realty & Utilities General Reiractories General Shoe Corp—:—— _Ao 700 Gen Time Instrument Corp. 40 Nov Dec 123 128 6 134% Nov Feb 66 July 6 125% Jan 4% Jan Dec 10 11 Mar 7% Dec 5 874 Dec 3 iy» 6 Oct 7 140 130% 19% 112 2Va July Apr 31% Apr 3% Nov , 1974 Apr 39% Telephone 4% Oct 25% July Jan 23 Dec 10 Jan 22 30'A Nov 29 1474 Jan 19% i' Mar 29 133 % Dec 3 74% Sep 11074 25 74 Mar 29 44% Nov 7, 2274 Jan 27 , Dec •27% Aug 21 20 Corp— Dec Nov 124 Apr • Oct 13% July Jun 23% 18% Apr 3 46 ya Dec 3 24 10 38% Dec 19 Jan 3174 Dec 19% Feb" 2674 Dec •V 16% Dec 90% Dec 21 par- ! Dec Mar ; 51% *A Dec 374 Jan. 165 14 1,7774 Dec 10 36 , s 43% July 23 99 General 8 130 preferred- -Na par 400 4074 2 r, '19 Gen Steel Cast S6 Feb 3 -1 80O 35 16 Feb pec 29%4Tuly Dec 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% Y'4% 4% -.T 4% 4% •--4% '.•""4%' '4% 5 ; 54% . 52 4;: 54 Va..' ••••':' 52% 53'/4 27'A *27 52'A 52 52% 26% 26% 32 > 32% 62% 63% 11% 12% 51% 33 ;Y 'Y 64 , :* 21 32'A 33 62% 27 V 32%:": . • 12% 12% 93% 94~~i'(- 62% .'63 y 63% J 62 ; f 11% ,12% 12'A V 93% 93 V-. 93 92% ♦198 200 v ♦198% ''■'♦47% 50 Y, 94 94 ';^93-Y,: >198% 200 ♦47 % •47 % '. ;, - o •92% 93 'A •> " • ' 79 V* Y*59% •♦37% 38% • 59 33% 59%YV< , 1 34'%: '• ( 34 %V(> 33% 37% , ' 42W /77'VV 57% Y 59.; .76% • ,•77 39% 33 Vb 33% 33; • 37 y4 r '37%' .33% • ■ , 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% "6% ; 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% ■ *40 ; '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 *110 111 *31 . *126 : 10%: 23% • *197 203% 10 1C'3% 23 , A A *200% ' V 37 587a 587a *32% 135 104 22 ■- 33%' 135 10'A ~ A'- *30% 30 *123 A 10 • t per A 67 ,, NEW , , Dec. 21 per share 67 *110 *121 '/a. 127 57% I 78 A -107 ic%: 104 *30 127 20 23% 34% 107 Va *126;:' 135 ' *121% 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: •'34% 105 128 122% 24%' *28?A 29% *28 Va 42 *40 . 46 AA'vA *45 -'A. 24%:/-./ A *101% A.A *101% 103 26% 17% 18 Va 31 % V 22 Va *107 *33 Va 18 Va 30% • 103 25'% 26 A16% • 17 > ■ v. 24 118 122 Va . 21% 107 33 Va - 29% 'A A 42 *40 34.' „A; A> 34 - *28 Va . rA,i/ .*111 1 111 22'A 34% A; •>?•.■/;' 30% 107 * % y 33% 115'A *45 : , . . : ' . 25 29%- A 30% • 45 45 45 •17% 115% A:- 10% 16% 26 Va 16% "A 15,8COiTl Ay 26,800:;':. 700 A 35% 44 29 10% 27% 28 Va 43% 45% 43 Va *104 ' va 23% 17% 26% /; II.AA; 29 23'A 45 *43% 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% <■110 12% A 35% 67 C8%! 28 91 56 *52% >110 v? *68 -v 29% 28% 28% 14 12% 13% 12% 12% 13 13 36% 36 36% 35% 36% %■ 36 *111 % 22 23% * 113 111 %' 23% 22 113 % 23 % 113 . 113 . *111% 18% 20% 18% 19% 19% 24 24% 25 25 25% 25% 97 97% 97% 98% 98 98 23% 23% 22% 23% 22% 23% '/A' 20% £0% 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 Vs 95'A 95% 57 571/4 1 ' 21% % 95 % 95 58 Va 58 % 20% 114'A 135 43 % 66 % 65% 25% 25% 115 41'A 66% >. 'Av 66 106 43 '> " *41 41 43% 44% 41% 105% 105% 105'% 23% 23% 22% 23% 26% 26 % 23% 26 --'"A 21% 21% A 21'% 21'% ' 5 31% 32 *107 17%:. V 71 X 122 v 70 .*122' 8% 8% 19% 21 Vs 19'A 201/4 x30 % 31% 31% 32'% 131 *127 36'A /36'A- 36% U7%, •4OV440'A '. * 37% *41 42' *54 58 *37% 38 37Va 38 37'% 377/s 33% 33 33'% 33Vs 39 33V4 39 Vs 11% 12'A-, A .13 ; llVa„ 17% ; 33% *40% : 41 *52 58 : ; 58 *52 / 391/4 40 12% 13 12 12% 13% 13% 13% 13% 13 12 ll'A 11V4 11% 18'A 171% 41 *40 12 18 18 % ,*18% . : ; *108 109 109% 60 59% 60'A 10% 10% 28 29'A 28 % 17% 50'A 31 31% 60% 60 % •"..•■ 17 •■•,''•; 15% 61 % 13% 14 I31/4 *18% 18% 18 'A *59 60% *111 112% 8% 22% 106% 48%" 46 Vs 18 ■ 58 58 / *111 3% 55% \ 107 *106 70% 69 71 29 29 62 % 63 20% : 30 111 A *110% 111'/a 15% 15% 15V4 153/s 37 39 38 38% * Timken Roller 20% 2G34. 27,400 68% A; 69 61 ;V; *107% 15% 107% 107% 40% 50 1C9% *108% 109 *108% 40 Vs 42 40% 40% 39% 40% 42% 40% 42% 39% 39% 50 Vs 50 Vs 50 50% 49% 50% 49% 144 14% *133 - *140 144 22% il9% 51 % 52 22 Vs 22% " *51'A , 10 51% .- ; 800 -2,200 22VA 22% . 5ft ,' . Twin 25% ■ 25% .114 *112 % 100 * <• ' 114% *113% ' 24Vt~ 112 % 114 *113% * 114% 26 144]/4 142 142 111 111 144% 41% 36 Vs 40% 41 Va , *113% 55 *178 5iy4 55% i j 36% 38% *112 (115 *112 80 *77 34% *33 Va i 11 25% 25% 4% 4% 43a 48 % 47% 47% 12% 79 .. 23% 23% 25 1 79 34 36 *33 11%' 4%: 26 : 26'A 12% 79 ' *16%' 50 17 " 50 footnotes , tv 7 15,400 10% 113A 25% 25 Vs 25% 3,200 4% 4% 4% 97,900 47% 48'A 5.200 25% 26 48 26 ■ -• 26% 12% 12%- 12% 76% < 12 Vs 77% 76 % . 18% ' 18% 16%" 51 16% *50 50 50 ^ 107 3 4 108% 23 % 23'A 23% 42% 44% 44 45 .; 110 310 i . *111 112 Dec 11 3 13% Dec 6 2 119% Dec 5 J1 n >, o-t 111% 10-7 A 2 23% 25 Va - 25% "'091. 24% 106 Va- 106% 24 24 % •'4%% United 5ft Carbon Co— — No Fast Corp—/No TTnited-Carr United .Cigar-Whelan 12 1 31% Nov 16 20% Jun 20 25400 10.800 7.3C0 United United 100 ' 110 111 ' 12% : 12% 111 *110 12 - 12 24% 23 % 24% 106 VA IO71/2 *lC5Ju 1C6% 24%: *241/4 25 24% 24% ll7a 23% *106 24% 12% 24'A 25 3,700 170 107 A 5ft -240 3,200 1,300 United preferred naneehoard U S & Foreign ( Secur $4,50 "preferred O 8 Freight Co— - /— 1 10 No par —No par No par 24% July 15% Dec 7 6 : 104 July 19 64% Dec 15% Maf ; , Dec 94 -10% Apr 4V4 1 10 Nov Dec 12V» Dec > Jan ' ! 11% Jan' 13% Mar Jun 32'/a 27 9% Dec . 19 112% 2 Nov 9% Jan Oct AA 7 July <58 Feb 57/a 81 Va : , 7 19% Dec 66% Nov 3 50% r. 6 2 8 49% • Jan 2 i% , Oct Aug: 18 • 34 Dec 2' 25' Dec 10 A. 13 < Feb •17 July Sep 8. 107% Nov 23 22^ 52 Dec 4 '25 7 Jan 'r; 38 Oct 1 A* .. 61% Jun 22 Jan , 6 Apr y .66 18% Mar 43% A1' 8% ., 11% Mar 26' 23 Dec 14 Jan 79' Dec 3 17% Apr Dec 10 12% Jan • 10% Dec 1 3% Feb v 5 : 13 112% Dec 16% Dec 85 3 10% Mar 22 20 ,103' ; 33 2 Jan .' 2 18 Ve Jan Jan 42 102% Dec 21 Va Feb 28% Dec 8 28% Jan 35% Dec 85 Jan 105 % Dec 9% Dec 15% Mar 102 Dec 7 5% Jan 68 % Jan 8% Jan 18% Dec 5IV4 Jan 88 Jun 9Vt Feb 15% •.Sep 82% 16 f Oct A 9 25% Dec 3" *14% Jan Dec Dec 8 13 3 20 20% 21 144 A Nov 19 3 52% Dec May 22 9% Jan 12 Nov 56 Pec 106% Jan 34% Mar 27 112%<Sep Dec Dec 11% Nov 1 Jan 45% Dec 109 3 26 Va Mar 21 102 Dec 5% 40% Dec -18% Mar 28101 Va Jan Dec 18%July 105% Jan , 85/a Aug 29 • Jan 10 15 Dec 52 % Apr 26 7 Oct A 19 29 '1 1 118, Dec • /. 77 58% Jan 3 14% Jan 24 26Va Oct 24 102% Dec -Jan A " 78 % X110V4 Apr 76 113 Nov 115 20% Dec 118 Dec 104 ' Dec Jan 29 109 3/4 Feb 6 17% Sep Nov 8 li2%Dec 19 .93 Ve 92% Jan, Feb 109% Jan 25'- 100% Jan ,151' 24 : Aug 2Q ' 26 45% Noy 27 Jun 119 27% Dec 116- Dec Feb 23 " 29 , 27" "117% Jan •.111% July 11; 20 3 a Jan 22 . ; j Jun Oct Nov 30 ' 25 ' 118 38 Va Dec "Aug 20 •Sep 31% Jan 104 ' Jan 66 100% ^ 22% Apr 36% Dec 22 102 Va Jan 123% Dec Dec Jan 6 110 61 t22 61% Dec 19 Dec 13 15% Jan 22' 29.Ve Dec 9 Va Jan 5 14-% Jun 27 Jan 5 88 % Jun 27 -17% Dec 3 31 9. 89% Mar 13% Jan 20 Mar 106 Va Oct 52 Va Dec 120' Oct Nov 25 8 45% Dec 19 Dec 17% Dec 11% Aug 78 Vs Apr Aug Jan 11% Dec 36% Dec 75 V4 , 91% Dec Jun' Jan. 11% 26 Oct 15% 98% Jan 109 Va Dec 7% Sep 21 NOV Oct 26% May •.8 27 •45' 112' 28 42 Va ■ Feb 6 15 9 " 22 Dec Jun l7/a July Apr Apr ■ Jan 12'% A ' Jan 1 Vs 50% Nov 33% Jan - 70% July May 31% 2 10% :May 26 114. Mar 15 Nov 5 2, ' 3 25% Nov July 26 Dec 13 • ' 10 -35- 24% 20J/4 May 8 40. 114" 2 Jan 1% Jan 66 Sep 3 3 38% Jan : 110% Feb 62'% Dec 2001/2 Dec 2 : 28% Feb 7% July 20' 22 11 22 22 Vs Mar 22 ' Dec 33% Nov: 25% Jun 11 120/ 12" 109 V4 May 25; . 5 —No par Improvement Co.—13% Ins com 1 Jan 34'/a Jan par oar Merch & Mfrs 12% 11 101 Fruit Co— United ;Oas Dec 15 15 ; SO S 1 Nov 35 Oct 16% Jan —100 — Dec 167/e Jan 61% Dec 18% Dec ,21 :—i—_.i Corpi Electric Coal Cos, United Engineering & Fdy •29% 17% 31% Dec July 17 Dec 37% July 55% Nov 27 30 4% Jan Jan 6% Feb Feb • ——: United 14% A?. 8% : Oct 50% Apr . Jun 12% July Feb ; 9% Mar 27 Stores-—30c ; preferred 4% 32% Dec 8% • Sep ' ♦ 14% Mar 31 45 / ' 11 106% Oct Jun 8 8Va Jan 44 V8 V4 Dec 10% Dec Jan Jan 33% :'/•; Jan • 4y* 8 51% Nov 2' 8ep Dec 33 V4 410% Mar 61 United Corporation Dyewood AA 7 2 - —j.—100 No par —100 prelerred Biscuit Co— prefenifrd.- Preferred / Jan 5% May 2 13 Corp_>_——i_—--S preferred 109 —: 10 conv, Prior 14 53% Ju,ly 2410% Aug 20 par United ' 12 12 % patre 16 x93% par par par 2,100 2,300 3.07% xi067a 106% conv 20% Jan 11 pat 20 No par 83 preferred -—.——No par United Drug Co-—-—% 8 300 i 23 % 106 % 5% 180 42 % see 27% 30 13% Dec : Deo 33 Apr 27 Va 43% Nov ♦"*♦• 6,900 ' 42% 106 5O3 11 Vs 23% 23% 26% 8% Apr 25 l-100 100 No par Union Tank Car— United " 77 12%: 78 50 36 4% 48 13% 600 25 Vs - 4% 48 48 K 11 11% 25 V* *25% * 41% 106 Va 9 8 Feb Dec A3*: Jan 5 20 2 />' preferred non-cum 8% Dec 39% Nov 62 Dec 84% 36 38% May 44 34 Mar 29 United Aircraft 79% *77 *33% 23% 23% 26 Fr.r *77 4% 6 , Apr 1 California Pacific RR Co—— 25% Apr 1 A 29 A. Sep 6 2 2 — Jan 19% 10 7'/4 Jan No Par Union CM! of Union 17% :■ 66% Not 3 Dec u 42'/a Dec Aug 11.s • 10% July 29 United Air Lines Inc__ : 200 A 42 Va 106 *106% i107% 40 30% Jan -Corp————No Union Bag & Paper———No Union CarlMde & Carb—.—.No Union El Co of Mo $5 pfd—No r Preferred $4.50 series.-—JVo 115 *112 115 *112 • 37 23% 11% 22 7% July Jan 31% Mar 21 Pilin 18,000 5100 172%, 41 V'4 41 12% • *35 V4 53% .23 Va 112 Jan . Oct 128 < Jan Feb 6 Dec 18% Aug 21 713% Jan 22 .A'o Oct :• Jun 5% 5% 6'/2. Jan Transit.. M 121 ; 10 ' " 36% Jan 12,666 / 33 52% 23% 42 25 37 52% *35 A 1,700 114 *112 106% " 12% 34% 34% 315 23 % . 112 *41% J *110' 1,400 35 79 17 ' 40% 105% 110 108 26% 16%' 16% 49 40% 79% 79 *48% 16% 49 41'A ; 138 A 10 137 4°s4, Jan Underwood 800 *170.4. 180 12% 13 78% 51 Va *50 25% 26 Va 26 13% 17 17 *25% •11%" HVa 79 112% 51% ri72% " 115 - 35 25% 27% ■ 13%) *110% 34% 53% *77 4% 27 137% 112% *112 " 25 V* 47 Va *112 33 Va 10% 49 *78% i . - .79% 4% 48 Yb 1 26 V4 139% 41%. ~ 179 37 26 % 7,700 26 35% 52% 130 ". 139 , 40% *35 ll7a • 25 7 « 112% 26'A 112% *170 ;; 114%: 114 ' 253a 11% *25% 45/'a . 33 • 114%- 114% 114% • 115 *77 , 115 *114', 115 *114 114 , 36%' *112 34% 99% 100 113'A 113'A 53 Va 180 *175 „80 *33% 6,700 35 34 % 35% 115 *77 - 993/* 40'A 1133'4 ; 99% 99 25% 40 Va 52 % ' 37 5.000 112 33% 53% 24 3s , *112Va 115 180 *175 ;188 • *38 112 40% . , 36 V* 34 '* f"36% !116% *112 40% 70 24 139'A "142 142 112 70 24 3-1 114 25 Va 141 , 70% 2414 *114 114% 25% 26% 26% ,26% 110% ill0% 70% 24 3A 991/4 114 112 % *113% ' 711/4 24% 100 % 99% 100% 2,100 V 71 70% 24% 70% 25% 24 101 100 71% 70% u 16 32% Dec 3 30 7/a Apr U 72% J. 8 a^cc 23 Va Dec 9 Aug 21 17% Jan Co—No par Nt par Oil™,- —10 -.___No par Axle—,—: —-10 Coach Co— Dec 20% July 9Va Dec 25 preferred ^-—100 conv prior pfd—.— 50 2nd '• 12% Apr ' Jan preferred——_50| r>M Apr 13% 127% Mar 24 31 22 31 7% 10 73 % Nov - ■ 79 • Dec 27 18% pec lU9 u Mar 10 1* .• 105% July 26 prior pta—— 700 14%;, Oct 13% July Feb NOV 5% Aug 20 Corp.———-—-1—1 100 Pox Dec Aug 13 17% July Feb 8 33% Dec 2 16% Nov 30 57 Corp_•—-No par preferred—————No par $4.50 ' 7} % 24 preferred Cen $1.50 3,400 ' 146 *144 144 144 51% 23% *13% 14% 23% x51% 24% 23 51'A v; 144 *137% 51% X22% 14% 14% 20th 18,400 Jan 9 V» 15% Oct / Dec ' . 10% Jan 24 Bearing—No par Ravon 4% ft • 104% '*104 104% *104 104%-" *14% 51% 51% 25 *24 Vs 14%"' 144 ■*" *13% 14% *104 1041/2 *104 104% *138 51 Vs 51% ' - 2C0 * 37% 10 109 Tttbtr-p . 11% July Jan 10 V" 3,900 16% *39 A 109 ,230 . JAn 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 ;• 'A, 7% Jan 11% Jan Corp——A..-. Transamerlca 2,100 29 3A *28 29% 16V4 39 39% 109 Tlmken 3v000 45 2 ——100 Detroit 1.800 61% 34% '* 2* preferred 48 47'A Dec 39% July Sep " 3 22 Tide Water Associated : " $3.75 preferred 110 106 Vs' *106 ' 85 % Sep '* 15 '. . <J R) $3.50 cum Feb 34% 31 1 Dec 47 18 Ve Jan Thompson-Starrett 2,000 11.800- 39% 10 15% 15% X39 *107% 109 9% *110% A 111%, . 24,060 19 20% Dec 16 Jan i," 10% Jan 1 AA: 4 % preferred 56%" *108% 14% 101% Sep Transit Corp.-No par Avenue Nov " 108 ; 40% ' ; A 18 Sep «V4 July Dec • 13 Oct July 26 * — _23 Thompson Products com-— No par -600 ' 8%' 22%'-: 70; I *28%' V 9% 9% 9% 111 *69 70% *28% 16 *104 34 V, common-—1-—.—1 cqdv Thompson 112 A 22 21% ■ Third 300 ;;8% -.56% 483/4 21% 69% . 48% V 63'A 69 104% 15% Aug 7 27 118 74% F 10 68 Va Nov • 22 2 34 ; conv \* $2Va div '30 2,500 ■A 56V2. 56% *111 106 Vs *106 » 48% 48 V >•'" , ' 22% 9% 5,100 1731 *17 % A 6 13% 'is ; 55% 107 *110'% ; * 40 *104 •;' 9% Jan Feb 33% July Dec 33% A Dee/14 49% Dec 44% Dec 24 Dec 64 % Feb / 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 <57% 19 2 '38% —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 —.---—No par preferred „_L —100 $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% *30 43 Va 40 38% * *86%' 89% 33 35'A 105'A *70 52% 35 44% *44 Va 50 < 44% 44'A *106% 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 ."■ 98 VB 99 > 777 74 M-8 :'7 *101 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'%. * ;; ; *101% 102 Va a-o 7 . M-S 44% 64% *112 Va 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% 105 % ' .2012 7s reduced 105 105 tBurlington Cedar Rap & Nor 40 777I7 --n 2004 7 34% 101% t -Tv? MS A..-,:' 2% )— to Stamped pursuant Am 44 *58 1 loan dollar r : 3-J 2 25%) to '41 43 37 J.J A ..1999 M-S debentures Boston 45 Stamped pursuant to Plan A (Int 7 2%s 7 7-J 50 7 33 36 -102 • 115 43 102% 35 % 102 J-D ref 4s A 1947) 1 Jan Bethlehem 90% "37 % ;• ..1999 ... to Plan " • 1950 Stamped pursuant ;i A external A7s l 1930 Rs.^.. Stamped pursuant to Plan (Int reduced to 2.5%). A6.« i, 7; ' .,42% " r" 50 .;Vv -2012 J-D 1993 due Beneficial 40 ; (Int. reduced to 2%) |ASan ' to Plan A Stamped pursuant 777' 7 i ' ■ 2000 due 1946) Bell Telephone ol 7:v36 7; 39% "1 95'% !;44.;V: M-N t ; :■ 1 _i '■:'.-- 40% # 2001 t.. to A6%s> extl secured 46 110 95% 1% to Beech Creek Extension 1st 3%s 46 ■ Stamped pursuant to Plan A ; i i 35 7, 39 % v&y;:% 46% •95% • due (int at due ser F (int at 1% stamped— 4s 35 8 39 ;4G% * .112% 115 36 Feb 1 1960 ser D ref 4s Con 50% 36% 47% • 46% • 41 40 "r 44 38 3a 47 2004 to Plan A to 2.257a) reduced 104% V. 45% : A loan external Paulo • 44% 43% Stamped pursuant t, ;. 2 ' i 27 .9 52% ■>•■.- — 1 107% 104% 1%% (int at 1946) 1 gen & Bangor Cons J-D v L E & W Va System— ; • gold 4s extended to 1951 S'west Div 1st M (int at 3%% to V F-A J-J Ref Toledo A 2.25%) to ' 1968 Plan & A Con v 85 7; 42% 1 ', 104% ' " 29 45 M-S — 108% 109 • Pgh 42 %" 101'/a 49. High ' v ;• 1999 1926 pursuant Ref A fund gold Stamped pursuant to Plan (Int reduced to 27a) ■A 7s 71 A-O 1946 2.5% )_. to 37% 80 Dec to 49% — : pursuant reduced external sink 41 ; 49 49 ' j-j ..1948 1953 Sep 1 1946) Sep 1 102% 102 % 1948 4s C ser gen Ref & gen • 47 48% 80 *106%"" 7.. j-d A (int at 1% to due 1995 ser 1946) 1 & . 2012 oil (State 1921 ol Ref 50% 44% F-A Plan A to 44% ■ 47% M-N 1947 2%). to 5 Dec 30% 49% > M-S RR— Ohio & Ref & gen 30% 39 14% 18% J-J 1952 .1953 pursuant reduced 16 23 2 18% 30 41 2006 6%S sec Stamped 34% 48'/« vj " si 27% 32 ' *22 34% 25 Va 14% A 7%s of to 187's 25 Va 23;; 18% , «•' 47% 2.375'% )——2001 to 135 w—' 18% 1966 extl 6s Stamped pursuant 29 2001 to Plan 2.25%) pursuant reduced J-D »rt A 7%&-- (City oi Greater; Queensland AR10 Plan to 34% *32% :'.-i • x'Jii: 4s____July 1952 1984 a Low v 1st mtge gold 4s —July 1948 A-O Stamped modified bonda— 7'7,' ;'7v .•; 1st mtge gold (int at 4% to Octr 1 1946) due July 1948 A-O 36% J-J 1961 8s J-J 1963 ; 19% "18% ;*i8 ;' ' •• A-O 1950 gold 8s 2.375%). to loan Stamped APrague 1968 . fund A4V2S assented A Porto Alegre (City ofi . 12 241 *4% - J-D ... 1 January Sold No. High Low Range Since Bonds orFriday's Bid & Asked 7 M-N Refining deb 3s Baltimore 40% 32% 29 27% 29 ; , A 38% 32% '"li -A-i. • B 47% 27% . £ 29 A-O 6s f 7s s ' A-O 1940 ...1958 8 of) (Rep J-D ^ SC M-S 1960 :ser assented A4'/as M-S 1959 1st 6 Week's Range .Last Sale Price 1963 ; 105% 38% i, Stamped pursuant to Plan A (Int York Teletype—ny 1-310 Bell • 100 105% 46 Va 1940 Ry— Line Air 4%s mortgage Atlantic 100% 95 100 46 gold 5s— Atlantic &. Danville Ry 1st 4s_, 98% 95 *101 7s ANat unified Second : M-N 1st Charlotte <fc 1st mortgage 3%s Atlantic Coast 1st cons 98% 105% 88% 2 99% B_ A Peru Interest Exchange Stock 7 103% , 88 t ... of) (State York 103 105% . ■ M-N 1994 4 ■i - Friday •bonds 98% *99% 99% ' *—■— * New 100% __ 105% 105% .p"'-.— '.V;, '.V/ A-O 1963 to 5 102% 102% 103 % Ext sec ref 3VaS series APernambuco 130 • 102 M-3 1955 . assented 5s mod A-O f 5s ser A.1963 s —-l 1970 f 5s sink fund 4%s (City; Exchange New Telephone—-DIgby 4-4933 ; m 125 125 ... *120 1963 s Stock : 41 118 ■ 1965 4%s loan Municipal Bank extl *123 '■ V F-A 1956 4%s of) York Period 1958 extl \' M-N 1957 lund smic New Broadway • 5s... fund J-D ..1959 ' 37 42 *37 1952 * (State;—- external s I 5& Norway (Kingdom ,.j; 1 . Wales External 7s A series Soutn PFLUGFELDER, BAMPT0N & RUST < 2008 2.125% ).._2008 to ; • 17% "V M-S '1 • 22% 38% — ' " ' 18'/a 12% ' •22%- *19'/8 , '• Railroad Reorg,anization Securities 13 Vi 22% *14% ,7-j '' • 13 9% 16 Stamped pursuant to Plan A" A 1' 1 High 10% 13% *18 10% 1958 I b%s._ s January ! Friday's -"'..'b'-:' Stamped pursuant to Plan A (Int reduced to 2.125%) ASec ; .' • 5 • agree I 6%s s J-D agree 1942, DECEMBER 21 ENDING Range Since Sold No. or V. " ■ 7-J aKsent_._1933 Nov. \ agree 1945 Nov. to Bonds Bid & Asked Low Sale Price . WEEK ' . 1954 1942, AAasentlng 4s ot 1910 Week's Range '; Last 1 Period . Friday • __ 59 55% 524 32 J-J 116% 116% 18 111 F-A 116% 117% 3 112% 122 F-a 104% 104 % 10 102 % 105 a-o J-J M-N M-N 54 74 .97 % 53 . 72% 74 97 97% '140 246' IS 60 119% , ' 76% 97 99% 132 141% -V- RANGE Last Interest Stock Exchange York or .1988 series A—1988 .2038 2038 Ind «te Louisville Ry— (Chicago .1947 1947 .1647 B—1947 .1947 1947 1966 May 1966 1956 (Chicago Milwaukee ft St Paul— AGen 4s series A May 11989 AGen gold 3Vis series B—May 11989 AGen 4Vis series C -May 11989 AGen 4 Vis series E .-May 11989 AGen 4%s series 10? W*y 1 iSS9 (Chic Milw St Paul ft Pac RR— A— ARefunding gold 5s series ARefunding 4s series C A 1st & gen 5s series A A 1st & gen 6s series B Chicago Ind & Sou 50-year 4s ARefund^ig 6s 1973 gold 5s series A adjustment 5s AMtge AConv 1st ser Jan 1 2000 A-—-—,-1994 4Vis inc series A——2019 inc series B————-2044 mtge 4s ser Gen mtge 4 Vis conv Western Ry— 2nd mtge conv income 4 Vis——1999 1st mtge 3s ser B ——1989 (JAChicago Railways 1st 5s stpd 25% partial redemption—:—,—1927 (Chicago Rock Island & Pacific Ry— Chicago & North AGeneral 4s deposit of Low 97% J-J High 96 Vi *•105 J-J 95% M-N 21 J-J J-J v —1934 .—1952 1960 1951 Gold 3Vis —i 1951 Memphis Div 1st gold 4s— 1951 Chic T H & Southeastern 1st 5s—1960 Income guaranteed 5s Dec 11960 gold 4s SASecured 4Vis series A AConv gold 4Vis Chicago St L & New Orleans 5s I ARefunding 97 Vi 82 15% 29% 114% 92% 89 J-J 106% 106% 1 88 J-J 106Vi 106% 41 95 26 94-% >-A ! 2 ,,V. 87% 90% 35 37% 176 J-J 102 % J-J 87 % J-J 94 >/i 1949 84% 1969 M-S 77% inc Steel 94% 101 A',5 104% 104 Vi , 104% 66 a 93% 70 : General 4Vis series D 93 78% 108% Gen 80% 105 Gen 93 A~-0 64% 70% 66 461 47% 71% 92 52% 31% 542 13% 31% 28 Vi 29 J-D 105 V 2 105% , * J-D J-D 105% 102 ~M-N 121% 122 J-J 128% 137% *128% 129 121% 130% 109%, 112%' 8 108% 108% 17 104% 109 106 106% 12 106 111% 105% 105% 55 105% 105%. 103% 103% 37 103% 103 y8 mtge J-J J-J 105% J-J • mtge inc 5s series A——-2015 ref 3%s series D„ 1969 J-J 92 104% 102 105 5 108 5 105% 8 52 Vi 102 104 J-J *100 V 98% M-N *108% 109 107% 110 1999 (§Ajdousatonic Ry cons gold 5s 1937 Household Finance Corp 2%s_——1970 J-J 137 144% 103% & Island RR— M 5s stpd.—. Ship 106% A-O 91 ; 98 98% ■ . . v"v ;"/• 111 paid—1943 §ADebentures 5s part paid———1957 t A Choctaw Ok ft Gulf cons 5s 1952 Cine Gas & Elec 1st mtge 2%s—1975 Cincinnati Union Terminal— 1st mtge gtd 3%s series E 1969 106% 1952 1969 108 18 101% 1" 104% *102% 103% 1st & Gulf % 1 ■■■"„ 101% 102 102 18% 13 A-O V 104 106 106 'r 84 74 102% *102% 103% A-O s 10 16% 16 Feb 98 Vi 107 •' 90 *82 Feb —^-j-1959 107% 106% 106% J-J 104 103% 106% J-J Gulf Mobile & Ohio 4s series B^—-1975 107 13 136'/a 137 136% J-J B— ■ '.y.Vi *110 A 111% Greyhound J-J 123 J-J J-J 102 J-J 102»% 118% 18 : ; 102% ■ J-J 106% mtge 2%s ser G 1963 Chic & West Indiana com 4s——1952 1st & ref 4%s series D —1962 100 V4 17 V > 114% 102% : *102% mtgeBVis Gen 115 116 102% 102% 102% J-D : 1952 — 1973 1970 —1977 — debs 53% 89% 91% *110 106% Corp 3s 54% 39% ■ 3%s ser K__1960 mtge 3%s ser L— : 1970 ctfs 81% 105% 40 *110 mtge ADebentures : 65% 38 81% 80% *53 Va 94 '. :.v 106 , 103 Ve 80% j-j 83% A 11 98 96% *92% 99% 91 ?® 1" 103 106 J-J 83 V' 98% 97 Vi M-S "l ■ 3%s ser M————1980 ser N 1990 Gen mtge 3%s ser 0_— __..2000 AGreen Bay & West deb ctfs A — 106% " 95 102 98%' J-D 102 1 , __ 94 90 57 :;v; Gen 79 % - *105 : Gen 74% 69% 65 Vi M-S M-N 132 95% II ■. General 5Vis series B 1 93% , J-J 1947 ;*•. General 4%s series E— J-J 55% 90 if 1st gtd 5s Great Northern Ry Co— General 5s series C — 102*' 92 88% 89 Corp— 5%s Castings Grays Point Term ACertificates of deposit— Chicago Union Station— 1st mtge 3 Vis series F & Utilities debs Realty 1949 (AGeorgia & Ala Ry 5s —Oct 1 1945 Certificates of deposit 1 ; (§ AGa Caro ft Nor 1st ext 6s ..1934 Certificates of deposit-——V Goodrich (B F) Co. 1st mtge 2%s_1965 94% 348 o66% 99% J-D A4s -conv 106% 1,080 J-J 128% 16 :: M-N Generail 37% 94% F-A - g 105% 101% 1061/4 86% 93% 93 Vi 132 102% •«.„ Gas ft Elec of Berg Co cons 5a_ 1 99% 17 Vi 100 625 M-S " 117% 104% • 105"% 117% 111 # 67% 2,190 105% 1C5% 105 Vi 1974 deposit-. of 104 • 100% 101 1950 Gen 609 A-O J-J High 132 J-D Francisco Sugar coll trust 6s 119% 106% 106% 106% 106% ACertificates i 117% 94% J-J Low No. 104% 104% — 1959 A 1st & ref 5s series A ( V 108 105 J-J Range Sinee January 1 .Sold High *102% 112 *105 — i_ x . 31% 7 16% 28 106% 106% deposit™ (Florida East Coast 1st-4% s^ 104% 72 noevi J-J 79 18 of Certificates — J-J (AFlorida Cent & Peninsular 5s___1943 13 24 M-N 1961 3s deb Firestone Tire & Rub 22% 22% 23 Low 110 84 96Vi. 21 Bonds Bid & Asked 83 __ 95 Sale Price 100 65% 100%-104 104 J-J 90% 126 75 74 75 J-J Week's Range or Friday's Last / Period High 19 97% 93 1988 — ACertificates J-J No. Interest Exchange Stock January 1 Low Chicago Gt West 1st 4S AGen inc mtge 4 Vis Friday BONDS Sold York New Range Sinee Bonds Friday's Bid & Asked 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 2%s ser Louis Ry Cleve Cin Chic ft St General gold 4s J-J 109% 110 M-S 106 106 •?■? 56% A-O 56% 87% 56% M-N 57%. 57 % 15 53% 87%. 10 76 111% 111% 1 111% 1127/a F-A 103 Vi 103% *11 102 104% 107 112% 122 *108% J-D J-J 98 Vi 98 99% 158 1991 J-J 90 Vi 39 M-N 90 *105% 90% 1990 1970 J-J ■ — ; — , . __ *121% __ • — • 1948 M-N *104% 1950 F-A *106% 1961 A-O A-O 109% 109% % 1st s f 5s series B gtd_. 1973 A-O 1st s f 4Vis series C—. 1977 A-O Colorado & Southern Ry.— —1980 1961 4Vis (stamped modified) Columbia Gas & Elec deb 5s 1st extl gold 48—1948 Columbus & Sou Ohio El 3 Vis—.—1970 Columbus & Tol 1st extl 4s 1953 Columbus & H V Commonwealth Edison Co— mtge 1st Conn Ry & —1958 3Vis——— debs Conv .——1977 1951 3s series L L 1st & ref 4Vis f 3%s A— 1961 Consolidated Edison of New York— Conn River Power s debentures debentures debentures 3Vis 3Vis 3Vis — deb 4s (AConsol Ry non-conv —1955 -1956 4s A Debenture 4s ADebenture 1st mtge 2 Vis—1975 Continental Baking 3s debs_ 1965 "Crucible Steel 3 Vis s f debs 1955 i A Cuba Northern Ry 1st 5%s 1942 ADeposit receipts A Cuba RR 1st 5s gold 1952 Consumers * 1948 1956 1958 1954 Power M-N 82% 85 J-J ADeposit M-S series B receipts-. extended to— 115% 109%; 104% 102% 108% *115 J-J J-J 101 68 J-J 7 68 J-J M-S J-J 7 47% J-J *83% 5 5 56 112% 107% 103i%. 102 105% 104 Vi 107!% 57 74% >58% 75% 74 103% 104% 100% 102% 3 102% 104 50% 23 48% 61% 40i% 50% 80 86% 85% 40% 51% 68% 13 41% 52 12 100% 50 50 61 J-D 195# *47Vi 103 2j' 71% 41 7 103 45 >'■. -1951 gold 3%s gold 3s sterling Refunding 4s ! lines Purchased Collateral 103% 101 101 *100% , A-O 104 gold 4s__._ Refunding 5s 4%s gold 3s St. Louis Div ft Term gold 3s 50% 103% Div Gold : 1st 3 %s 1st 88% 106% 2 84% 105% ref -I , 74 Vi" 99 . AAA. —1950 1956 Indianapolis Union Ry 3%s ser B-1986 Inland Steel 1st mtge 3s series F__1961 (International Great Northern RR— * i A 1st 6s series A— —1952 AAdjustment 6s series A—July 1952 101 % 99% 105 Va 97 101% 103 106 81% 103% Hydro El Paper 5s series A Ref sink fund 6s series A 93% ,9 % 'AV'l 105 % -105 *93% A-O 106% 107% ■ J-J ; 87 28% 54% 58% 85 18 58 Va 84% 107 1 / 103% • 107 Vi 74% 96% 102% 105% 6 106% 111 % ;N' 102 *103% M-N -.102% 103% J-J 103 F-A 105% : 95 190 95% 95 103 M-S 62% 33 79% 95% 89% 44 80 103% A-O J-J 97% 108 245 51% 78 48% J-J 48% 78% 85 A-O 106 % 75 85 J-J 93% - ,• 106 Vi ■ 73% 105 98 *111 106 % > , 99% 76% V 56 98% 92% M-S C -——1956 deb 6s 1944 ft; B—1947 -1955 Int Rys Cent Amer 1st 5s B____ 1972 Int Telep ft Teleg deb gold 4%s__-1952 Debentures 5s —1953 * Alst gold 5s series Internat 179 : 97% 97% 105% J-J —1956 B_— series 105 100 Vi *104Va 102% J-D 1st gtd 4s-, 103 89 101% 101% > 1st gold 4s_ (AInd & Louisville 103 104% 82 % . F-A J-J Ind 111 ft Iowa 102% 83% 104 *75 . „ 96% 106 95% 100% 100% *101 J-D SAInternat 109 86 *101% 103 J-D 5s 102% 94% 100 101 «99 i J-J 1963 A 1st 84 15 *106Va ' 100% :1| J-J?.. mtge 4s ser D_—-—-1963 ref 18 96Vi 94% 95% A J-J 1963 A series 5s 1st & ref 4Vis series C—— 1st • -".A*104% Chic St L & N O— ana Joint 24 100 Vi 101 101% 102 106% :v£' Registered. HI Cent 108 104 Vi 104 : irWv,"..-: 106 J-J Springfield Div 1st gold 3 Vis 1951 Western Lines 1st gold 4s —-I951 89 Vi 101% M-N M-N Cairo 49 100% J-J 1953 1953 trust 75 70 102% 103 Vi 103% M-N 1952 - 103 *100% M-S 1955 3%s- 107% *100% A-O 1952 - — 105% J-J « -1951 1951 1951 gold 3Vis—: 1st 102% 103 J-J 101% 80 30 *105% J-J 1951 66 A-O 6 J-J F-A 16 61 J-D 1946 103% 103% 115% 61V4 "V 1951 1951 111 114% 57 103 Vi 103% 47% 171 F-A 134 -V *58% 35% ■; ^ Collateral trust gold 4s 108% 12 104% 104% 102% 102%. 102 Vi 34% J-D 116 27 68 J-D 35% -I960 105% -- J-D A-O Bridge gold 4s ; -1950 Litohfield Div 1st gold 3s 1951 Louisville Div ft Term gold 3%s_l953 111 68 75 78 40-ycar 105% 106 Vi 106% 106% J-J 75% 108% 23 103% 103% J-J 73% 106% 23 101% 102% A-O 73% 1981 2%s series A RR— 1st gold 4s . A-O Central Omaha "107% 107 Vi *111 ;wJ"' 113 F-A Feb 1957 87% 72% 53 s M-N 103% 108 *105% F-A 86% 114 116 81 1957 1st 5s A 107% 14 132% 133 107% 68 , 1st 109 18 *109% 110% F-A 48% ADeposit receipts Curtis Publishing Co 3s deb 96 100 1949 gold 5s 5s_ income Extended 107 105% Hlinois : 1st 107 109% 62 1st nilnols Bell Telep y 12 ;104 104% *107% ' *48% to—.—1940 A extended 2 2 v r . 109% 34 A-O F-A A Ad J 107 85 Gas Co ft Manhattan 79% 80 J-D -1962 f 5s series A s Hudson 5 ' 108 Vi 109 " A6s — • - — :i07% 107% 107% ADeposit. receipts A7Vis series > 101% 101% '100% 100% J-J 91% 107 115% 115%" 1972 3Vis gtd C Series 1st Hudson 106 106% 107% 107% 107 Vi 99 Vi 83 80 101% RR— Cleveland ft Pittsburgh *139% 101% M-N 122 Hudson Coal 1993 Cleveland Elec Ilium 3s—..— Hocking Valley Ry 1st 4%s 103 Vi F-A M' h 59 103% J-D — Term 58 15 103% 1977 General 5s series B ref & Gulf States Util 3 Vis series D 102% 103 % 103 % A-O —199,3 —_ 1st : ' 162 98% 105 • 95% 25 103% 99 20 104% 105% 105% — D B—13C5 J-D 1965 extended—-1963 Delaware, Lack ft West RR Co— N Y, Lack & Western div 1st ft ref M 5s ser C 1973 Income mtge due 1993 A-O Dayton Union Ry 3 Vis series Deere & Co 23/is debs_: Delaware & Hudson 4s Morris & Coll tr Delaware Power May 1, 2042 3s 1973 wi Light ft 1936 1936 (Denver & Rio Grande Western RR—• ' AGeneral s f 5s 1953 consol" 4s I AConsol gold 4Vis— 5 A 1st 103% — 104% 104% : 5 '103% 103% 18 103% 102% 104% 98 108% 1978 1963 Gen ft ref mtge 3Vis series G 1966 Gen & ref 3s series H 1970 Detroit & Mackinac 1st lien gold 4s 1995 A Second gold 4s 1995 Detroit Term & Tunnel 4%s_?—1961 Dul Miss & Iron Range Ry 3 Vis—1962 (5ADU Sou Shore & Atl gold 5s 1937 Duquesne Light 1st M 3Vis——._198» ARef & inapt 5s 4s series B series F James FrankI ft & Jones Tenn Va ft Ga Div M-N 99 Vi 99% 2 94 M-N 61% 61% 1 57% 64 64 A-O J-J 105 78% 122 65 62 Vi 20 106 109 67 Vi 68% 49 59 75 *70% 72% 61 76% F-A 17 16% 18 15% 15Vi 16% A-O 61% 62% 69 5% 21 270 5yfl 19 35 64 A-O 106% 107 M-S 108 J-D 107%- 64 Vi M-N J-J 45% *106% 55 106 109 48 1st 5s 1956 M-N 1993 J-J 2Vis debs 1950 J-D Elgin Joliet & East Ry 3Vis l9"fo M-S El Paso & S W 1st 5s 1965 A-O 196s A-O 1962 J-J 5s stamped Empire Gas & Fuel 3Vis__ Railroad Erie Gen 28 Kansas City Fort Scott & Mem eons 1st cons 1st cons '1st cons Ohio For Div * 17 11 117 109% 45 104% 1936 deposit — Kansas City Southern Rv 1st 3s-—1950 Kansas City Terminal Ry 2%s 1974 Kentucky Central gold 4s 1987 Kentucky & Ind Term 4 Vis .—'1961 ACertificates Stamped Plain 71 —1901 -—1961 —-—1961 -y — - unguaranteed Kings County. El L & P 6s Koppers Co 1st mtge 3s (AKreuger ft Toll. 5a ctfs 3%s A 1st —1997 registered— Lautaru Nitrate Co 175 102 103% 105 107 106Vi 121 *106% __ 118% 119% *112% 101 % 2 ~8 106% __ 101% 101% 8 118 100 103% J-J mtge 3 Vis ser E 1964 A-O mtge 3Vis mtge 3Vis 1990 J-J 101 % 101 % 101% 44 2000 J-J 101 Vi 100% 101 Vi 39 1953 M-S 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% *103% *106% __ __ . 88 102% 102 107 99 105 V3 98 102% 96% 101% 106% 106% —1970 Coal Co— ref sink fund 5s stamped— ref sink fund 5s_— stamped 1st ft ref sink fund 5s stamped : gtd 5s Y 4 Vis ext Lehigh Valley RR— 4s stamped modified 4s registered 4Vis stamped modified 4Vis registered5s stamped modified Leh Val Harbor Term Lehigh 2015 2s 1st • 118 Vi —1997: 1964 —198# , gold 3%s—1997 Lake Sh ft Mich Sou 120 Vi 151 102 *106% A-O 80% '■«—. ' 113 103 78% 79% 80% 78 A-O of 4 %s 108% 116% 120 Vi *159 102 Ry— 78 1 78 107 1 93 A-O 107 A-O *103 J-J J-J 103% *120% *62% 118% — 62 70 J-J J-J *109% J-J *105'/a I'-.. >107% 107% A-O 101 107% 93% 91% 107 104 122 * 79 107% 104 — W 109% 102 102 — 195 *__ — — 173% 188 105% 104% 104% A iO M-S 46% 110% 105% 6 Co- mtge inc 4Vis series A 1st 99 104% 2 102% 4% 14 4% 8 110% 110% 2 50 7 73 66 — 54% 55 104% 104% , J-J 109 V3 5 - 116% 116% A-O 108% 106% 6 €5 45 Vi J-D 71% 106 1 32 107% 107% J-D 54% 3 ■'* 108 1st gtd gold 4s__1990 Kanawha ft Mich 5ARefunding gtd 4s 67 106% 107% 67% J-J 1st cons gold 5s (NY) Elec Auto-Lite 88% ,102% *103% 104 J-J . Lehigh Valley aast 97% J-D ' Lehigh Coal .& Navigation S F mtge 3 Vis ser A E<? El HI 1959 1961- Clear 1st 4s— 3 %s_— Laughlin Steel k F-A AAssented Edison __ Grande RR— (Denver & Rio Detroit *103% 104% division Essex 4-6s M-N Valley N —1984 —1954 —1964 1964 —.-1974 1974 1954 1950 2003 2003 2003 2003 —2003 J-D 4% 110% 107 Dec 104% 107 73 J-D A-O 4%. 73 ,104% 104% 2 2 102% 21 104% F-A — " 100% 92 *93% 95% 104% 100% 98 *100 VH F-A 109 99 *100 Va F-A 105% 111 95% "5 89% 93 96 88 Va *93% 90 95% 95 Vi 5 87% 96 57 73% 91 7 80 Vi 96% 45%" 69% F-A 80 79 80% J-J 89 87% 89 M-N 53% M-N 55 Va 375 M-N 63 5 45 Vi 290 47% 64% 71% 105 50 47 66% 53% 76% 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 Liggett & Myers Tobacco 5s 1951 A-O Little —1962 M-N *.115 .1940 M-S 107 87 86 '• 93 Va 127 V* ■ Long Island 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 _ Co deb 5s (P) debentures 3s Louisiana Ark & Louisville Gas Louisville & 1st & 1st • 1st 5s Eieo & 1969 A 119 106% • — ' 103 9 , 106 108'/a 3s & St Div 2d M-S 1955 99% F-A M-N 99'A _L v'' 99% 45 my4 Rfcf & Ref & trust *102'A 104 100 102ya Northern __. *117'/a 114'/8 117 • ... -- M-S 1st mtge , Jsnuarv 1 Low High 105% 108'% 103 75 136 — 136% 138'/a 124 128 13 108% 1207/a 114 ■% 114!% 1 106% 115 84% 86% 193 82 82'% 11 71 106% 107'% 52 87 119 . Q-F 85% Q-A J-J 2047 47 133% *128 Q-J 2047 i,. *127'A Q-J 2047 A. 107'A J-J 120 7 108'A 108% 108 % 89% 72'% 89% 109 93%. 110% 110% 2047 108'/a 108 'A 108% 52 93'A M-S 106 105'% 106% 184 103 7/a 106% 1974 Power J-J 1975 F-A *100% 102 102 104 y« 1964 4'As States Range Since 89'% 49 60% 58 136'% 136'% M-S 1974 impt 5s series D Coll 100'A , 1974 impt 5s series C 100 95% , *100 Va 101 __ ■; series 102'/a 106% 14 109 % 109% A-O 1980 gold 3s & Cine Div 4s Knox A-O 1946 Mem Div 4s_ 58'A 136% ; impt 41/2S 33 *1G0'A 101% ; A-O registered & «old No. High 105% 105% v- A-O 4s Ref . j-j Pacific Ry prior lien 4s_. 1997 1997 registered. Gen lien ry $ Id gold 3s >Jan 2047 105% 105'/a 11 105 »/a 106 1998 Northern 120 103% 107% 107% • A-O .2014 geh & ref 5s ref 4%s series A & .1955 Ry 1st gold 4s. 1996 Central Gen 107% 118% 2 119 *104% 105% M-S ref Louis *106% • J-J ref M 33/as series F., 2003 M 27/es ser G —..2003 & b ♦_ A-O 1966 scries 3Vas ' 107'A Bonds Bid & Asked Co— mtge 4 'AS series A 'A Gen mtge 5s conv inc.. Nashville RR— Paducah Atl M-S F-A ,__1963 107 .107 Ry 1st 5s A .1st 121 109 % . ' M-S 1951 stamped Larillard 1949 ; southern 118'A 5 118% 118'A Last Sale Price Low ' Miami Stock Exchange High 78% 12 87% *132% A-O Low No. Week's Range or Friday's Interest Period York January 1 Sold Hioh New Range Since Bonds Friday's Bid & Asked Low A-O Friday BONDS Interest Period Stock York BOND RECORD WEEK ENDING DECEMBER SI Friday BONDS New 30 " M-S *106% 106 110 Co— 2%s (Wise) -1st mtge 3 Vis. M Central Maine 1st RR 4I/as- coll & mtge Mauati 4s 1960 J-D B-__.__1954 3-D A ser. ser sink 4s Sugar lund_..Feb 1 1957 AManila RR (Sorthern Lines) 1959 Jack Lans 1st , Sag 3'/a# 1951 gold & & 3 Vis —a, impt 4VaS series C >1952 ..1979 M-N. 103 M-S § Con sol ext 4 Vis 1939 _ 102% 106 '/8 ,.99 '/a 103 •! 5 271/4 16'A " *100% M-N J-3 105 . J-D 98% ■: St A 1st Paul Sault Ste & 1081/2 1081/2 J-3 102 J-3 78 78 95 93% inc ser A_, 4s mtge inc A ser J-D 80 5s series 1962 1962 4o-year 4s series B Prior lien 4Vis series 96% 211 77'A 98 k99 % 127 79% *~ A cum adjust series & ref A.—Jan 1967 91% 4s A 1st & ref A 1st & ref AConv ." series ref 96% ?*■ Constr M Mountain Mutual 5s T Fuel Gas 72% 113 303 33 546 73 M-N 9 7'A 97 98i/2 126 72% 100'/a ■ ' 68 M-N 46% 461/a 48% 252 14% 49'A A-O 97 97 98% 124 72% 100'A F-A 97 Vi 97 98% 146 72% 100'A 1991 1966 M-S 89 89 89 F-A 1951 J-J 1958 M-N IOOI/2 71'/2 1955 M-N 85'A 82 86 1955 M-N 78'A 80 1968 j-r> 1947 A & T 3y4s 1st gtd 5s M-N 52 Z .: • . . Nash Nat Chatt L 4s series A. & St 1978 Steel 1st mtge 1954 I ANaugatuck RR 1st gold 4s Newark Consol tANew Gas 5s_ cons England RR gtd 4s gtd 5s___ 1948 . 1945 gtd 4'As series B Junction J RR 1961 gtd 1st 4s >>>1986 Jersey P & L 1st mtge 3s» 1974 New Orleans Great Nor 5§ A N O & New N E 1st M-N General 4'As series D— 86% Gen mtge 4 'A-s series E 1984 79% Conv 109% 110 Peoples Gas L & C ref 5s 102 104 ' 102 102 M-N 125% 125% 2 F-A 105 1 105 M-S *106 '/4 107 J-J *105'/2 J-J ..1953 J-J •• 96 ■'/.it, 6 "8 4121/8 112% ■ 104% 95 1 . 991/2 1001/4 1121/s 112 Vi „ 107 110% • • , 106% 105 7 • 104% 108'A 102'A 112%-115'A 123% > 126 100 / 105 107% 108% 104 107 104'/a 108% 104% ' p—— *107'/a 108'A 125 126% 134'A 118% 127'% J-J 128% 128% 13 118% 128% A-O 108'/a 108'% 24 103% 109'/a J-J 105% 105 7/a 30 102% 106 »/a 5 106'A 109 »A A-O 108>/ 107% 108 V* . SANon-cum a Inc 5s series Certificates of A 1st 5s series A 5s A 4'As " A Y & Ref Y & imnt 3'/as Lake Ref N N 89 97% A-O ; 98 96 FA 106 6 103% 104 79 M-S 96 98%. 100 /" J-J 981/4 97 1 • A-O 1021/2 1997 J-J 106 105 __1997 J-J 103% 103% 103% gold 3yaS_. 1998 gold 3'As__ F-A 941/4 1998 , F-A ■" 102 90y2 1998 3%s mtge 25 901/a 90'/a series 1975 lien gold 4s 1951 3'/is series D ref & & Pow J-J F-A Y 102% • lOO *-:• 98%/- 1st ' A-O 106 1061/4 1948 3-D 1949 *__/ 91 gold 3Vis 2000 M-N 1st J-J *115'A 2043 J-J >1973 *116 M-N 1973 M-N Vis series B Potomac 111 ' 108 . 1st 107% 109 .113% .K"* • 111'/a 5s Co series El 5ya Pwr t A Providence C 104 ya 104% 106% 106 107% M-S deb ANon-conv deb 4s 1947 3y2s ANon-conv deb 3%s ANon-conv deb 4s ANon-conv deb 4s a Debenture AConv certificates deb 6s A 1st & 1st 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 A-O 1 '*126'% M-N 104% 99% 101'A 104 106'A 103% 106% 3-D 99% 99% A-O 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 *105% 106'% 104'A 108% F-A *113 113 113 M-N 33 M-S 34 13 .*98% 103 Va 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 59'/a 109 1 107'A 71 109 21% 184 ■ 22% 216 11 % 141/4 137 " 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% 108'/a 1967 1967 109% 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 282 107% 105% A-O 48 93% 3 6'/a 108 30'A 102 105% 30- 33% 109' 104'A *97% 100 33'A 4% 813/4 10' 73fi 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% F-A 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 Shore coll 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 General 105% ' ' __ 1983 gtd 4s '' 6 ' ' 1051/a 105 Vi *105% >_. .>>1952 1st ref & imp 4yas Orleans Term 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 Prod 3'As debs Dairy 125»A 102'% Peoria National 114 122 ' 123'% A-O ' N ' 104% 105'A 101% 107 109% 111 105'A Cons 105% *1061/8 II21/2 105% 112 A-O 62% ; 107 *— M-N sinKing fund 4%s General 4'/2S series A 63 107 107'A 107 103% *105 66 81 T 106% *104 M-N J-D Pennsylvania RR— Consol gold 4s 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 Gtd 4s 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— Prior lien 100% 101'A 102'/a J-D Gas 81 65 114 99% 2 ~3 1966 Co Coast 106 94% 31 101'/a 102% . 18 102'% 102'% J-J 1945 Pacific 1st ..1971 4 Vis tage Gen 1946 1st gold 5s Electric Co— Pacific Marie— .>,.>.1991 Mo Kansas & Texas 1st 4s__»_»>1990 a 101'A 101'A 101'A *101% 103 J-J 1st & ref mtge 3Vis series I 94% 116% 120 97% 1st Minn 100% 100% J-D 30% 106'% 99 105'/a 104% 1 1975 gold 4s____1946 gold 5s_>_1946 cons 103% 111'/a 75 *106% 112% J-B 1st 20% 13 34 26% 23% 101 107% 107% ■ 3 10 94% 102 105% 3 105y2 ' 931/4 Line Short 83 105% 105% 100% 101'A M-S Oregon-Washington RR 3s ser A..1960 102 3 1101/4110 y4 94%, F-A. & ,Nav con Oregon RR Ore 29'A Guaranteed stpd cons 5s I ■ 1071/4 107 »/4 A-O t§AMilw & Northern 1st ext 4VaS__1939 Oklahoma Gas & Electric 2%s 105% 4 ,103 27 *A A-O j-j A 1st 91 "l "1051/2105 y2 105 y2 M-S 1940 & Lake Champlaln Ry— guaranteed 4s_—_—_.._.1P48 Ohio Edison 1st mtge 3s__—.—.1974 1st mtge. 2%S —1975 lOgdensburg 101% 80% 103 F-A t§AMidland of N J 1st ext 5s O 82'A 100 4 12 *65 A-O Michigan Cons Gas 1st mtge 3%s_1969 A 65% 78 80 88 Vi Central— Ref , 83 A-O Wat Sew & Drain &%s— 1950 West Side El (Chic) 4s__1938 Micnigan 88 M-N Metropolitan Edison 1st,mtge 2%s-1974 t § A Met 78 Vi - 101% 101% ..,.1955 4s McCrory Stores deb 3 V* Metrop 79 M-N 1093/4 Baguenay Pwr Ltd 1st M 4y*a Bt Jos & Grand Island 1st 4s 1968 A-O 1947 J-J 105% 105% 105% *102% 20 104% 106% 102% 103% THE YORK BOND RECORD NEW RANGE St Adir 1st gold 5s gold lien APrior 4s of of ACertificates of 36 Ya 36 Va 50 Va .! ,1163/a ; 95 %' deposit debentures series Devel Devel ; & 6s Devel & gen 6Vis Mem Div 1st gold 5s St Louis Div 1st gold 4s gen Corp 3% debs Superior Oil 3Vas aebs Oil Sunray Gas Tennessee 1st oi Texas ref 159 84 V 106% 105% 106 A-O 105- 105 105 9 J-J 100 Ye lOOYe 101 19 99% 55 104 Vi 105 Va J-J 3Yas 105'/a 104% 105 84 103% J-J 22 123 A-O 104 V2 104 % 42 105 A-O 12 117% 1183/a 122 Va 123 7 Pac 114% 123 Va J-J 109 Va 102 102% 102% 102% 37 63 Ya 1 105'A 105 Va 3 63% F-A *107 m-n 104Ya 104% 2 ms 104Ya 104% 10 103 F-A A-O Af-N 106 Ya 104Ya the 101 7 103% 150 172 Friday 103% 48 110 111% 34 92% 108% 108%, 5 106 % 110% 106% 106% 21 105 108 107% 25 105 y4 108 Va 103 % a 5s___. Wire Acme A F D Co 3 Supply Mfg class A Aero Class B. j i;, Investors Alreon Mfg Appliance Great Alabama Power Co $6 AND WEEK preferred preferred.. __ 2Ya Jan 9Yi Nov Nov 32 Apr 10% Sep 14 % Nov Jan x25% Dec 6V4 Dec 700 ; __ ~63A *6,400 17%xl8 1534 15i/B 1,300 200 6 g 5% __ 39% 3934 16% 18Ya 8Ya 17% 7Ya 8 \ 3% Aug 100 32,600 2,000 Jan 19 Ya Sep Aug 9% 11 18 Nov 2% Mar 6% Dec 36'/a May 700 6 PrortuctK 39Ya Dec 18% < Aluminum 6% Goods Aluminum Industries 6% Ltd Book Cities Convertible Class Class For 100 . common ; 1 & 60% 62 __ 115% 118% 24 YEARLY ENDING 23 1 page 74 - 21 3101. » 7% Nov 115% May 1223/4 Nov 110% Nov American Apr 14% Dec American 48 Feb American American Aug 7700 36% Jan 550 500 112% Jan 19% Jan 100 15 V2 Jan 1,050 86 Va Jan 122 Oct 110Va July 24 20 21 2 800 ' 50 lYa Mar 46 Dec 62 Nov 25 Nov 26% Jan Nov 38 39 62 51 '/a Va 48 8 % I 39 95 92% 54 19 49 Y4 20 42 3A 39 1 107 4 105% 108 3A 1 108 % 110'/a 108% 108% J-J d Ex-interest, in the year's range, 'V Odd-lotjsale not r Cash sale e year's range, .6% r Curb Macb -* • 10 — Potash & Chemical Republics Seal-Kap Jan 25 Aug 54 Nov 450 42 Va July 48% Dec 4,400 4 Jan 8% Dec Jun 9 10a * * common— Corp com 1st $6 preferred $6 series preferred— 1 American Thread 5% preferred Superpower American Writing 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 ,8% Dec :■? 9;025 1% May 4 y4 Dec 185 26% Mar 35 y2 Noy U S •' ^--^.—10 1 __1 50 common common—1 Aircraft Products 33.826 Jan .3 4% 7 . > Va 2 700 19% 2% 110 13 Vb : 3,779 800 5% >\- • 32c 1,650 • io% 534 t '(•■V? _ 1 : 5% 3 ya ; . Co — i - mmi i I6y >'* c ■* 7% , " _i '100 •5% ' 'V Dec 5 Dec 7 Jan Feb Dec 20% Jan Dec 7 Jan 12 6% Feb Dec Dec 13% Corporation— Milling Taylor 25 *•' 18Va i Co *, ) ,"ruon 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 4% 4% 200 % Jan 5% Dec 9% 10 y4 1,225 .7. 6% May 11% Dec Barnhart-Morrow' -- 9% • 100 850 125 . 15'/2; 9% . ♦ 1 Consolidated : Co Blue Oil Corp Stores Inc 1 2 1 common—* Co_-_—Ji. ' ■ 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 f777r; 949 '8 8% 28% 29% Nov 39 Jan 49% Dec ;7, 5% Sep 15 Jan 29% Dec Dec 7777-650 •7 • 327 20% 22% a 70% 26% 221/4 22% V'' 1,010 200 Dec 10% Mar - i " 100 227/b Feb 50% 20% 33 7 - 9 28 7,085 a687/a 25% 20% Dec 7 62 ■ 48% 7. 29 y4 41% Jan - ,48 '• 48 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 'v.-;l% Jan •' .vVS'/s Dec 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 ' 5V4 ; Cons 6 : : „ *• . 5% V 4%:. 4% 6 y4 a32% a32% • 7,097 '• 1,274 - 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% al30% al30% al34y4 page 3109. 5 90-. a 17 al7y4 21 100 25 Aug 33% Dec 400 17% Jan 24% Feb 190 68 % Jan 94% 30% a44 17% Jan 31% Dec 34% Jan 38 Va Jun 80 39% Apr 18 250 10% Jan a43V2 a44 Va 455 4;:; a43V2 18 a67 a68% 26% 393 10% a33% 90 26% a67 10 y4 175 a33y2 a33% 2% 3Va v: ioo 28% 77 Jan Mar 4 Aug 265 94 Jan 17 Dec Jan 29% Mar 46% 68% 28 11% 32 Dec Oct Nov Dec Oct Feb 4% Nov 33% 174 18 Jan 33% Dec 18 640 9 Jan 19% Dec a39% a39% 3 ■ 65 32 Sep 41 % Nov 5 a287/e a28% a29% 105 21 Mar 30% Nov 7% 4,325 H 9 Dec 8'/a -1,100 5% Jan a27% a28% —1 260 19% Jan 29% Dec a 19% 50 9% Jan 2iy4 Dec 7% al9% .5 al9% a46ye a47% 490 38 V& Jan 48% Oct 140 40% Mar 45% Sep 69% a69% 10 54 Va Jan 71 Nov 10% 1,060 5% Jan 12% Aug a58y4 a59% 108 50% 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 Co——— 10 Motors Corp. Ry Co pfd Northern 9% Nov 71'« Dec Iriterlake Dec Int'l Iron Cbrp_~ ;'*»; —il—2a_. ' 28 Jan a49'/a a50% 137% . 4% Jan Feb a507/e Dec 120 48% Oct Jun a46% 40% V : 39% 20 Va 5$% 19% General Electric Go__:— 49% - Oct 25 70 30% • —uJl Corp———- 5% 23 22 a43% 5 Electric Bond & 'Share Co__ 38 y4 Jan 24% Feb ..,850 80 286 9% a92 % a93 % 22 __ „ - Dec Jan Zellerbach - ' a32% a33 '/4 33 y4 a92% 17% 1.15 3 a38% a39% 33'/4 41% .. . 1 Jan Dec 10 y2 —: 1 Apr Dec 112 Jan 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 * — Electric Corp Dec 685 - 25c 720 : ;• 60 1.05 .' 7 5% * * Low High 4458 — 7% >■ '85c 85c Co & Gas Commonwealth Range Sine# January 1 Co-— Tractor Jun 69 Vs *"150 : 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 a67% a67% 13 5 * Works vtc Baldwin Locomotive 12 47% 100 al87 a 191% al87 106 1* 50 5 , Copper Mining Co Co (111) & Armour 18% • Co Viscose. Corp Anacenda Dec 7Ya Dec Ref & & Tel Tel U Jan 9% Apr Stocks— Smelt American for Week a40% a40% &Irortj——: '"Wnotes 4c 27% ■7v,' 36 10 Cons Mng Mines Gold Calumet ' ' Gold Juneau Mammoth Black 6% 8ale« Range 5% : _* 100 : 1 -•<' CorD J„ 17 4,200 19 Lines, Inc——— Air Western Graham-Patge '•"orntlon '"'7 20% Aug 41% Jan :• Dec 5% - ,. 990 of Prices Low ——0 California Packing Corp com Investment 53 22c 3 25 65 * : • v77:': 7 12C 53 11c — 4ya 3% Jam 5%Mar ■■ 15,820 v Week's <»»• ._1 — common— Berkey & Gay Furniture Diamond Corp • —5 Co— Oil Jan Jan 3 Apr ?" 2%. •' Corp Fuel Oct 80c 700 207,000 ai9ya, a!9ya IZ-2 7 Corporation 34 7 250 , ■ • Petroleum Colorado Apr 70c 1.65 55c .nil Transcontinental & West Air Inc. ':';"6% .12% Feb 400 9% : 61; .61 61 :;: v 4% ;v ' 4V4 1 4%; Par ' Nov Jan- 29c' Dec .15% 6% Aug 20c Dec 45c 15% .■ — Jan 77 3% 475 6% 9VA ...18Va ' 14% Last Cessna' 50 Dec 1.25 77 8% 7 7':' • Calif 3% May > 13%-43% ' S90 143A- 16 1,810 7'/h 7Va :'■■■ t •; 100 &V* 7Vs * 1,501 ' ^Vtrv^ip' 13% al3% 19 —25 7 Company of Co Jan Angeles Stock Exchange stocks— Central Jan ■:y.'i.—:: *., —25 —i..— pfd—: 2y2 7 y 2,450 .- ■ ■ 700 ' -7% • 6S,8 13>/4 r.%:i3% , -4% 7 • ; ; ' Jackson 8c Dec 9% 3% Aug a40% a43% .L—1 Transamerica American Friday Byron 25,900 65c 1.35 : —25 2% 13 s 875 5% 5% 7 4; — Los nppr 41c ' y Cities Broadw"' Sep lie • . 4. Columbia Chice 55c ■ a25% a25% • Balsa 1.600 9 Jan Feb 15% * * Caterpillar Bros 1.19 ' 9 < Corporation———— Sunray Oil Case Barker 210 37c f7": (Cal)— Co 6% Oil Canadian Bandini Dec 9V8 1.45 30c 16 y8 25c Edison Co Ltd Pacific southern Standard Cardinal 250 29 5% ■ l....v.-» A*. —_3L Screw 2% J0% •' -2 Distributors—j———* Radiator Wayne 814 5,200 Dec 4ya —i 1 Preferred 4 * -Specialties 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 • Manufacturing——, Shelter Dec 9 .7% 2 i 1 50c ll — 8cotten-DUlon 9V2 8% . (H y.v preferred 6% So Dec 7% —: — W) Co River Raisin Paper. Rickel 1.20 — Corn— Calif 7' 5%% »•, 3%* 1| — Products. Metal Peninsular Aug ' Oct * . common Wolverine 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———. Screw 41% 1.50 ——_— Sierra 12% Aug 150 24% $ •= -8% 8% 8%- &. Machine—--.——1 L-——2 Lakey Foundry Labaile Jan _» common 1 Inc Company Universal Masco 19% 50c a42% J ' Stores, Safeway ' 00-^----^—u-w—:_-10v By (S Kresge 184 • 22 y2 —,—— Dec 7% Jan 29% *7-7?. 75% . Jan 1% * 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 -4.-5 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. —l'V 1-' — 7 Dec 14 360 . 16 % .*♦ 605 ::„:io ———_ Jan 1% May 2,150 20 Dec 5 July common-- Cleve & Detroit common—.; Motois 2 10% 300 ; 3% 3% 19 Machine Adding Burroughs 1 — 16 15 Vt l 3,500 4% 4% 1 .——;— batciwin • Co .1 !■ - Petroleum Occidental Range Sine# January 1 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 | ! Co Co Petroleum Dec Nov 75 c "< 440 1.40 1.20 —1 .1 Co— 8'/2 77 22 62% - 490 y ; "• 1.00 1 —— : . . —- -zV.x 1 < 1 1 Co— Petroleum 25 .25 777 8 7 ■ Nov 50% July 3,100 • 1 J. DETROIT Building 1.90 Feb Dec 10 Jan 12% • 50 214 7 1.60 30c ? Ford : ' 62% 608 T" a59% 860^8 1.90 —10 common 7 20% 6% May 500 Nov 700 Jan 42g . 7. a22% a22 % a59% 1 Hupp Motor Car Corp A ■ • _ Chicago Stock; Exchange . - » com. Co—— Development Hunt Foods Inc New York Curb -Associate Detroit Stock Exchange •• . 1 Stock Exchange York New ' ^ * " ,v 'Members % • ' WATLING, Lerchen & Co. . Fitzsimmons Television 7 Dec 13 80 ........ Farnsworth , 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% • IIIi 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.