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H
DEC
MONDAY
*»'
«v
,V\1Q
tw'TW
■
.
'aland
ommetciaL an
Reg. IV S.
Volume 158
New
Number 4241
General
RAILROAD
;
Air Communications, Inc.—20%
-457,771;
Stock Dividend—
next
stock dividend bn the capital
stock, payable Dec. 15 to stock of record Dec. 5.—V. 152, p. 3798. •
'
Algoma
Steel
demption—
.
Preferred
Ltd.—Speeds
Corp.,
V
,
the
junior security.
charges,
deferred
$95,250;
total,
Federal
excise
income
and
profits
$611,687;
Federal
accrued
$1,043,572;
taxes,
This
and
long-term
State
ICC
jurisdiction
is
Following
brief
a
schedule
purchased.
the
Stock and Bond
corporation
has
been
of
amended
as
in
1933..
.
,
.
Book CoA
Celling Price Range
30,000
$47.09
$78.89-$96.04
70,000
32.55
69.09- 76.44
more...4.—
87,500
27.83
58.31- 66.64
./
50,000
22.46
47.53- 55.37
237,500
t$30.52
(Over $65
and
years
1
year—;
and
Pere
2611
six-year voting trust,, set
up
by the. Federal Court
Section 77-B of the bankruptcy law, expired on Dec. 8, when
officers.
trust met and elected
the
'
men*-"
1
named
Matthew
were:
the original voting trust included John- P. Harding,
1943, and was succeeded by Mr. McArthur.
Under the terms of the original Court order the voting trust will,
ttow be exchanged by the American National Bank, Chicago, 111., on
the basis of one share of Stock, 29,040 in all, for each $100 bond/
-There will be no change in the management of the hotel. (Chicago
Six
who
in
;
:
Beet Growers Credit
$1,450,600;
stock
'
/I
from
sugar
sold—— $10,395,669
••Differential
59,735
—
~
157, p.
,i
$9,814,903
.70,011
.
»/><
other
Cost
of
—
Gross profit
...
-
7.857,796
$2,155,869.
229,390
$2,155,146
193,656
$2,348,802
279,296
operations.—
$2,075,978
$2,385,259
220,415
200,162
186,{511
$1,855,564
$2,185,097
49,327
43,101
$2,162,291
30,$23
profit
Gross
from sugar sales..$1,796,682
7,729,045
auxiliary operations..
from
Income
8,658,721
sold.
sugar
and
from
office exp..
gen.
Insurance on
.
Employees—
,
:
have received an
announcement from Charles J. Hardy, President, that arrangements
have been made to increase by 50% the life insurance of those reg¬
istered under the group insurance plan; and that additional benefits
Approxixhately
20%
of
12,000
sickness
on
tion are also
Other
1
Income.
Total
~
—
income.
$1,904,891
_
Interest, bad debts, etc...—
— '
Net
non-recurring charges—
Prov, for inci and excess prof, taxes
$2,228,197-
$2,192,814
160,786
21,954
158,457
140,570
968,940
.930,087
Cr8,366
726,246
$753,211
$999,083
$1,371,558
574,908
578,491
616,943
.
103,377
The
employees
income
„
"
stock
•Arising from chax-ges for- storage in overflow warehouses and
charges for company-owned
truck included in marketing expenses.
Consolidated Balance Sheet,
;
Assets—Cash
Treasury
losses,
tax
on
$25,341),
Sept. 30, 1943
deposit and on hand, $670,497;
notes,
$240,000;
$901,114;
freight
receivable (less reserves for
receivable, $24,845; inventories, $5,-
accounts
notes
investment in U. S.
and
of
this
company
accident: insurance
American Distilling
The
Feb.
company
1944,
29,
their
chase
orders
First
to
shares
new
for
It
the
announces
holders of
pro
rye
Bank
rata
and
25%
on
hospitaliza¬
ho additional cost to the employee.
1943.—V.
158, p. 2461.
submitted' with
a
pur¬
communication.
It
of the company,
that
is
granted the
following
method
','■/''
■;.
'
of making pur¬
:
■!
'' '■
"purchase
interest
in
24,
stock shall
237,500
1943,
have
barrels
of
the
to
pur¬
company's
and bourbon whiskey, upon presentation of purchase
of
stock
certificates
will
be
exchanged by the transfer agent for
indicating that the whiskey available
certificates bearing a stamp
purchase in.respect
is
also
close
of
announced
business
on
of
Feb.
shares of stock has been sold.
holders 6t common stock of record
29,
1944
(of
both
"stamped"
and
prior
unit of
per
the
purchase
of
cases
authority
method
of
of
as
16
order
whiskey
to
the
ultimate
delivery
aforesaid would have
cases
of
a
of
appropriately
price
$307,84
unaer
be
to
monopoly
any
shown
subject/ of
Laws
but
in
this Section
course,
is
Stockholders'
not
to
available
Arrangements
The merchandise of which the 16
to Bulk Merchandise
as
cases
of
a
blend of straight whisk¬
proof, bottled and labelled as described in above Section is
comprised, would constitute a barrel of between 30 and 31 regauge
ies, 80.6
proof gallons of such blended merchandise.
Five
such
barrels
for
example
of
blended merchandise would be
straight whiskey four years
comprised of approximately one barrel of
old, one barrel of straight whiskey three years old and two barrels
of straight whiskey two years old with each barrel at approximately
49
said
that
assessable
may be exercised by all stock¬
compliance with all applicable Federal
to stockholders desiring deliveries
within the States of Kansas, Oklahoma or Slississippi.]
(The
Bank
agents,
Illinois,
receipt
cause
holders,
to and including
the right
properly
packaged and labelled
Pekin,
Co.—Whiskey Purchase Privilege.
that from Dec.
common
taxes
and State
the Manhattan Co., New York, N. Y., or to The
of Chicago,
Chicago, 111., the company's stock
accompanied by the certificate'or certificates for the
of stock in respect of which the purchase order is submitted.
National
transfer
The
at
being underwritten
plan became effective Dec. 8,
inventory of
Net
Dividends on pfd. and common
date
tnxs Section the "Trustee"
packaged and delivered to the
state for delivery to any stock¬
holder residing therein or to such duly licensed dealer or dealers in
open states as may be designated or approved by the official authority
regulating the distribution of beverage spirits in any such open state,
for delivery to the purchasing stockholder upon payment,
in either
monopoly or open states, of proper mark-ups or charges, State taxes
or
other costs properly assessable, a per case clearance fee within
lawful ceiling limitations to the distributing dealer, freight charges
and such portion of the/purchase price as shall not have been paid
with the submission of the purchase order.
All such deliveries, both
in monopoly and open states, will be made in as nearly as is px*acticable equal monthly instalments of cases over a period of ten months
beginning approximately 30 days after the receipt, by the "Trustee"
of a sufficient ■ number of purchase ordex'S to warrant the "Trustee"
in
withdrawing from bonded warehouse the necessary quantity of
whiskey for > packaging.
will
158, p. 2245.
American Car & Foundry Co.—-Increases
'
Net-profit from operations
that
its present retail ceiling price, for example, in the State of New
; exclusive
of local State taxes and freight and other charges
official
,
Admin,
to-be
form
■
blend
Upon
of
88.4%
was
$10,455,404 / $9,884,915 $10,012,942
—
of
would be approximately $505.60.
In New York State (for illustration)
the local tax at present rates is $3i60 per case of fifths and the
■freight charges will approximate 50 cents per case. State taxes or
mark-ups and freight charges elsewhere will vary,
,
increase
an
—V.
Balance
-
125.
and
York
flew 36,291,458 revenue passenger miles in Novem¬
19.3% over November, 1942,
The passenger load
as. compared with a load factor of 76.3%
during
the same period last year and-1,865,245 pounds of express were carried
in November, an increase of 2.4%-over last month and 45.5%
over
November, 1942. The corporation showed a 36% Increase in express
pounds miles flown over last November, 59.6% more pounds of mail
were flown by Amex-ican in November, 1943, than in, the corresponding
month 1 last- year, while the pound mile increase was up to 61.6%.
ber,
$9,954,951
57,990
as
share of each stock¬
"Trustee", and the
the
merchandise.
F.O.B.
$690,5495 capital sur¬
total,
$16,170,820.—
The corporation
•factor
*
.
workmen's 'compensation insurance,.. $85,324;
$100,000/ 5%
cumulative, first preferred
for
$6,735,968; common (par $1),
.earned
surplus,, $2,798,168;
•■•'•
/■.
American Airlines, Inc.—Miles Flown Increase—
-
Corp.)
1943
" ' 1942- -1941
Sugar sales_^._
——
$13,703,777 $13,208,417 $13,874,958
Federal excise tax on sugar—1,256,405
1,239,451
1,484,971
•Sugar marketing expense.....
—
' 2,051,703,
2,154,0622,435,036
Net-return
to
transferred
which cost is exclusive of local state taxes or mark-ups
freight charges and clearance fees. This cost is subject to increase
the extent of any increase in Federal excise or rectification taxes
This
contingencies,
(par $10),
$383,432;
plus;
,
reserve
for
reserve
Years Ended Sept. 30—
-
writing
rata
stockholders per unit of 16 cases will be $242.70
(including book
•cost•$21774; Federal excise and rectification taxes, $196.96 and bottling
•the
•
(Including
,
.
in
pro
,
to
,
Amalgamated Sugar Co.—Annual Report—
so
the
period" each stockholder may purchase in
respect of each share of stock 16 cases of a blend of straight whiskey
80.6'.proof'bottled in fifths, under the label "Old Mr. Boston Brand
Rocking Chair Blend of Straight Whiskey," said blend containing
25% of straight, whiskey four years old, 27% of straight whiskey
three years bid, 48% of straight whiskey two years old.
The cost to
or
.7.
,
.
in
for
time will be given opportunity to execute
that
at
,
stockholders
accepted
merchandise
the
During the
March,
"Journal of Commerce.")
receipts "to the '"trustee" the com¬
in the rectification, packaging, bottling
transferred, except by and under the
charges $24)
'
■
to this plan, as will appear;
analysis of the above schedule
Packaged Merchandise
ago
years
died
be
stockholder
Each
or
"
interest
merchandise
chases:--^
——;
2595
Sales.—./—^—-2—4.—^.-2619
Auction
Hickey, ..Jr.,
J.
in
chase* order
Stock and Bond Averages
:
President and director:,
"Alfred-F. McArthur,
Vice-President and director; John W. Bisseli;
Secretary-Treasurer and director, and Hyman Pierce, Assistant SecreThose
an
warehouse
the
no
the
will
stockholder
2619
__-2595
.
collectible
taxes
must be understood that the "Trustee" is not the agent
of
of Member Banks
Statement
subject
the result of
of-the "Trustee,"
"Trustete"; will advise
orders
holder
Transactions N. Y. Curb Exchange./——2595
under
Liquor
inventory
Banks.—2819
Transactions N. Y. Stock Exchange.;
.The
The
that
Foreign Exchange Rates—-—*--/-/2619
Combined Condition Statement of Federal
Federal Reserve System—
excise
.
direction
Corporation and Investment News_2573
Offerings and Sales—.2624
Redemption Calls & Sinking Fund Notices—2613
Dividends Declared and Payable.——.2613
The Course of Bank. Clearings
—2612
Ends—;
have
Of
resale
or
State and City Bond
Condition
to
as
''
transfex* of
shall
pany
General
Reserve
laws
permits and licenses.
A stockholder
subjects by consulting the Federal
Beverage Authority of his own 'state,
number of outstanding shares of common stock, demonstrates
order for bulk mexxhandise to be made uniformly available
ferred.
Miscellaneous Features
»v
,
bers of
in
On
;
the
the
comparison of
a
the
that
Stock Exchange.-1.— ——2609
-
State
these
on
in respect of the outstanding shares, the merchandise to be purchased
..in'bulk.must'constitute a blend of straight whiskies deliverable over
a
period of time.
To
the end that jthere
may
be ■ an unquestionably uxxiform and'
equitable treatment accorded to the common shares and the holders
thereof, the company has transferred title to warehouse receipts repre¬
senting the number of barrels of whiskey shown in the above schedule
to Gilbert B. Geiger, Lehmann Bldg., Peoria, 111., as Trustee,
(herein¬
after called the "Trustee")
for- the use and benefit of the stock¬
holders and
subject to the receipt by the "Trustee" and payment
by him 'to the company of the book cost of the merchaixdise so trans¬
Toronto Stock Exchange—-Curb Section.-4..2611
.
.
1
from
Unit,
nature
with
—
Markets/-—
and
necessary
as
himself
attorney.
of
/ The
Montreal Curb Exchange,-^-.— —2609
Over-the-Counter
Federal
well
Tax
his
or
Pittsburgh Stock Exchange.,-.— ———2608
St. Louis Stock Exchange--./—. ———2608
•—-.-2609
Montreal Stock Exchange.--—
Marquette
by
as
inform
Alcohol
the Act.
Allerton Hotel, Chicago—Voting Trust
.
,
"
result of any recent activities by
.
■
should
2608
Stock Exchange-—
Philadelphia Stock Exchange— —2608
Toronto
Jan.
thereon,
Los Angeles
Chesapeake & Ohio, Nickel
of
conti-olled
---2607
Detroit Stock Exchange
are not "two or more carriers" within the
Their affiliation and unified operation are not
Alleghany Corp, The acquisition
by Chesapeake & Ohio of control of Nickel Plate and Pere Marquette
-was speciiicaiiy approved by the ICC several years ago as being a step
.looking to the eventual consolidation, in line with the ICC consolida¬
tion plan
;
]
The testimony both, of Commissioner Eastman and Commissioner
Splawn before congressional committees in .1933 makes it perfectly
clear, that the existing relationship between-Alleghany, Chesapeake &
Ohio, Nickel Plate and Pere Marquette is not forbidden .by the statute
which Congress passed at that time largely on the basis of their
testimony.
'•/ /•.''
..
The question of ICC jurisdiction over Alleghany Corp. is an ancient
one.
It has been studied by Several groups of legal advisers and we
have their unanimous and unqualified opinion that the Commission
does not have jurisdiction .-v-V. 158, p. 2037.
'
;
\
the
be
1, 1944, (Average. tPer barrel.
$As of Jan. 31, 1944
(per barrel); assuming 49 proof gallons per barrel.
Stockholders are advised that this^merchandise may be. purchased
only by complying with applicable Federal and State laws. The right
to withdraw Whiskey from bond,
rectify, bottle, hold or sell it, is
Stock Exchange. ———2606
Chicago Stock Exchange—^—. —.——-2606
2607
Cincinnati Stock Exchange—
Cleveland Stock Exchange-—.— ——-2607
.
meaning of
may
SO.P.A.
Barrels
•Age of Whiskey—
•As
Boston
reports that control, of two or more railroads by a non-carrier
is forbidden unless authorized by the ICC,. This is. true,
however, only if such control was acquired after 1933.
If Alleghany
-controls Chesapeake & Ohio that control has continued unbroken since
-.1929 and hence it is outside the purview of the .Act.
Furthermore,
-Alleghany's ownership of Chesapeake.& Ohio stock .has been steadily
-reduced from its peak of 55$ to the present holding of only 24% in
accordance with the established policies of the present management of
Alleghany Corp, to simplify the holding company structure at the
earliest possible date.
\
Even if Alleghany Corp. had acquired control of Chesapeake & Ohio
Plate
Quotations
Stock Exchange.
Baltimore
corporation
1933, the statute would not apply.
which
(Average
4 years or more old—.—.
3 years and more—
Over
Exchange—... ———2601
—.—2606
New York Curb
It
after
merchandise
the
'
2
York Stock Exchange—/_ -———2585
New
by /several groups of legal advisers and we have their unani¬
mous
and unqualified opinion that the Commission does not have
jurisdiction," Robert R. Young, Chairman of Alleghany Corp., said .in a
statement issued Dec. 22.
Mr, Young's statement follows:.
The Dow. Jones: news story about ICC jurisdiction ever Alleghany
Corp. and'its relationship to Chesapeake & Ohio, Nickel Plate and
Pere Marquette is a confused and confusing series of, half-statements
as to the meaning and application of Section 5 pf the Interstate Com/
Act
in part as
158, p. 941.
studied
merce
says
.''''No,'
Page
over
to its
,
liabilities,
Issue
jurisdiction.over Corporation-;;
of
.
company
follows:
■
■
question'
Privilege."
1943, from the
of,, Inventory of Bulk Merchandise"
ers
,
„
In
right to purchase certain
further
Purchase
a.
Stockholders setting forth the "Plan of Sale to Stockhold¬
■'
other taxes,
and
excess
A letter dated Dec. 17,
<
Alleghany Corp.—Chairman Young says ICC has no
The.
Copy
a
MISCELLANEOUS
-
stamped certificates) shall have
Whiskey under a "Supplemental
$16,-
Liabilities—iSTotes "payable (bank loans),' $1,500,000; notes payable
<(l&ng-term credit agreement—installment dtte Aug. 1, 1944), $275,000;
accounts payable and
sundry accruals, $497,121; accrued property,
:
"Globe and Mail.")—V.
(Toronto
manufacturing costs and other costs pertaining to the
fiscal year,
$621,066; stocks, bonds and. miscel¬
$241,607; fixed assets (less reserve for deprecia¬
sugar
$4,120,459),: $7,918,670;
170,820.
Re¬
INSURANCE
-
investments,
tion,
in the current fiscal year has speeded, the redemp¬
tion of the 5% preferred stock, and in the first seven months of
the fiscal period which commenced May 1 has cancelled 1,445 shares,
•compared with 160 shares in the entire year ended . April 30, 1943.
There were originally 26,390 shares, reduced' to 19,350 at Nov. 30,
1943,
Of this reduction, 4,880 shares were cancelled through redemp¬
tion and 2.160 through conversion into common stock,
The preferred
is convertible on the basis Of one share of the senior for four shares
of
INDUSTRIAL
-
subsequent
laneous
The corporation
:■
Price 60 Cents
Corporation and Investment News
directors recently declared a 20%
The
Office
York, N. Y., Monday, December 27, 1943
PUBLIC UTILITY
-
Pat.
original
proof
gallons.
The book cost of the barrel of blended merchandise of approximately
at
un¬
31
regauge
and
proof gallons
rectification
taxes
is
calculated
payable
in
at
respect
$21.74.
of
such
The Federal
barrel
of
excise
blended
merchandise
local
at
$195,30
is
taxes
state
This
prevailing rates,
or freight.
does
made with the "Trustee", whose
stockholder or group of stock'
holders may apply to the "Trustee" for himself or with another'stock¬
holder or stockholders or group or groups 'pf stockholders to receive
in lieu of the packaged merchandise described above, bulk merchandise
in the blend there described, or in straight whiskies which would be
equivalent to the merchandise in packaged form which said stock¬
holder
or
stockholders or group of stockholders would otherwise .be
appropriate arrangements can be
consent thereto will be essential,
any
entitled
In
purchase,
to
such case; should such
any
The
application be
receipts.
[These arrangements are also not available
delivery of the bulk merchandise within the
homa and Mississippi.]'
authorized
■
p.
$1,
par
of
extended, in this Section may be exercised up
March 20, 1944.
record at the close of business on
Preferred Stock—
to the close
Feb. 29, 1944
may, within 20 days thereafter request* the "Trustee" to cause: to be
delivered to him in respect of each share of. stock of record in his
name
as of that date one
case of Rye Whiskey Bottled in Bond in
quarts under the brand name "Good Old Guckenheimer" and one case
of Straight Bourbon Whiskey Bottled in Bond in
quarts under the
same
brand name upon payment by
such stockholder of $46.50 for
both cases.
This price includes all bottling costs and Federal taxes
at prevailing rates but does not include any increase in Federal taxes,
clearance
or
two
in
State
taxes
or
;
of
—V.
prior to March
exercised
be
1,
:
available
Disposition
of
acquiesce in the sale to Beneficial Lean
Atlanta & West Point RR.—$3
orders
This
mental
The
of the
in
the
'
The
of
"
the trust.
-
The
how
,
fill
by
'
Taxation
-
as
a
such
perhaps the
activities.
11, 1943.
stockholders
Dec.
of
adjudicate
all
158, p. 2461.
Agreement
the provisions of a "trust agreement"
between the company and himself and dated
act under
into
Copies of this agreement are available for
the following offices: Gilbert B, Geiger,
at
which may
questions
'
the
on
record
23,
last.
Water Co.,
stock,
'/■'
•
Inspection
Lehmann
years of
Vice-President.—V. 158,
stock, payable Dec. 22 to holders of record Dec. 15. Distri¬
25 cents each were made on March 22, June 22 and Sept.
Payments during 1942 were as follows: March 23, 10 cents;
Sept, 21, 12Ms cents each; and Dec. 22, 25 cents.—V. 158,
and
p. 2246.
'
2463.
aV;
Earnings Larger—
estimates
Canadian
subsidiaries during 1943 will be in excess of $2 per share, after making
provisions for the contingency reserve for inventory and other corpo¬
rate purposes.
In 1942 earnings were $1.91 per share, after provision
par
share on
per
Jan.
1
annual
the
At
The
record Dec. 26.—V. 158, p. 2150.
general .meeting
of
■
shareholders held on Nov. 26,
follows: y
' •,: •;
.
has earned by the com¬
President, stated in part as
dividend of 20 cents per share
ventures.
Oil
$9,614,856.
1,574,467
mining,.:
A.)
(U. S.
Base
,
77.34^
12.67<?o
.
468,177
3.77^
577,349
.
!"
1,58^'
—$12,431,469
——
the
resented
total
net
assets
$12,184,309
by cash and marketable
or
$8.12
per
Armour & Co.
r
volume
will be the largest,.in
:
2463.
Petition—•
.
1.
the Massachusetts Department of Public
issue of $7,782,000 of bonds with, such
;
15
a
public hearing oh Dec. 27, on a petition of the
the lease of the B. & A. to the New York
foad.
Central RR., it is
when requested by the lessee, will issue its
bonds for such sum as may be necessary or specified by the lessee to
meet the cost of permanent additions and improvements to the prem¬
ises and'for extension or renewal of such bonds as they mature.
/
The net amount as of Dec. 31, 1942, of advances made by the lessee
for payment of bonds of the B. & A. and of expenditures for perma¬
nent additions and improvements, after depreciation accrued upon and
retirements made in respect of said premises prior to Dec. 31, 1942,
tis $7 782 244.
'
\
y
The Department will hold a hearing on the petition Monday, Dec. 27,
Under
provided that the B. & A.,
'
-
V.
157,
v;
.
insurance
■
Co.—Special Dividend of $5—
on Dec. 14 declared a special dividend of $5 per share
quarterly dividend of $4 per share on the capital stock,
both payable Jan. 3 to holders of record Dec. 14.
Special payments
of like amount were made
on Jan. 2, 1940, 1941, 1942 and 1943.
—v. 157, p, 1646.
.
.
directors
the usual
and
Bread Street Investing Corp.—Registers with SEC—
has filed with the SEC a registration covering the
;
,
4.64%
"proposed
offering
.
'
was
offering
price
business
of
on
'
a
of'100,000 shares of capital stock. The maximum
determined as of the close
share was given as $28,
158, p. 2464.
Dec. 3.—V.
Bucyrus-Erie Co.—Scrip
100.00%
share,
518.
p.
Boston
y
Corporation
.
196,621
metals
Manufacturing
Bonds; and cash,——
company's
Boston & Albany RR.—Bond
The
aggregate value of the assets of the company as of-Nov. 22,
1943, taking the market value of securities having market quotations,
is $8.29 per share, an appreciable increase from July 31, the end of
the company's fiscal year.
The company's security
holdings as of Nov. 22, 1943, were dis¬
tributed in-the following.classifications; The net
Gold
y .':
sales
.
the
■
Dividend— ;
The directors have declared the next dividend of 10 cents per
share payable Jan. 21, 1944, to holders of record Dec. 15, 1943.
From
the revenue
and expenditure statement it can be .observed,
that after allowing for the annual dividend of $300,000 there is an
ample margin of earnings left for .the company's participation in
new
are
according to Mr. Montague,—V. 158, p.
maturity, rate of interest and other terms as may be. later approved
by the Department,
The bonds are. to be secured by a mortgage dated
April 1, 1935, to the New England Trust Co.; trustee.
% •
The
Massachusetts Department of Public Utilities announced Dec.
15, last.
Dorfman,
annual
y
dividend of 55 cents-per share
Anglo-IIuronian Ltd.—Declares Regular
Andre
Indications
its history,
value, payable Dec..31 to holders of
15 cents each were made on April
Payments during 1942 were as follows:
each; and Dec. 31, 70 cents.
•
•
the usual quarterly dividend of $1.25
the $5 dividend preferred stock, no par value,-payable
holders of
to
for contingencies.
'
rep¬
securities.—V, 156, p. 1413.'
by
(III.)—To Acquire 10 Plants—
this cpmpany of 10 plants belonging to the De Soto
Creamery & Products Co. of Minneapolis, Minn., was announced on
Dec. 21.
Nine of the plants handle poultry and eggs and one of the
Redemption Agent.—
Co. of New York has been appointed agent
to redeem scrip certificates for half shares of
stock at $3.98 a half share.—V. 158, p. 2153.
Guaranty
Trust
the above company,
their common
the
of
p.
Theodore G. Montague, President, reports that preliminary
income of Borden Co. and its domestic ana
The
dividend of $1 per share on
15
Borden Co.—1943
.
arise in connection therewith.—
Investing Corp.—$1 Com. Div.—
of production, announces
of the end of this year. He has
service with the corporation, 14 of them as
resignation from the company as
completed
,
;,;/'y-
Inc.—Resignation—
Knowland, Vice-President in charge
G.
R.
.his
The company has petitioned
'.Utilities for approval of an
Corp.—55-Cent Com. Div.—
16 declared a
no
.
inactive indirect subsidiary, has
April 30 and July 31, 15 cents
The directors also declared
Total
14 declared a
V;o/'y', y''': ,yy' ;
y
Bigelow-Sanford Carpet Co.,
•
proposed
company
Co.—Registers With SEC—
company
V. 152, p. 3337.
y
Distributions of
24.
15 and Oct.
July
15,
Dec.
on
common
Dec.
,
American Foreign
June 22
directors
The
better view, is
The directors on Dec.
butions
Glendald
Anchor Hocking Glass
Of
common
,
/
subject, to SEC
service
the out¬
has filed a registration with the San Francisco
regional ofiice of the SEC covering $300,000 of 5% convertible deoentures, due Feb: l, 1951.
Pacific Co. and Wyeth & Co. are underwriters.
The offering is proposed to be made at pat and interest from
Aug. 1, 1943, and proceeds are designed for additional working capital.
The company processes and wholesales coffee, tea, extracts and spices.
The
$150,000
yy,„y-y
Corp.—$1 Accrued Dividend—
declared a dividend Of $1 per share on
Ben-Hur Products
,v
,
/
petitioned
the SEC for permission to distribute its assets and liquidate and dis¬
solve.
On Aug. 3,
1943, Glendale sold and conveyed all its water¬
works plant and property situated in town of Glendale, West Va., to
the town of Glendale with the approval of the Public Service Com¬
mission
of West-Virginia.. All capital -stock of Glendale is owned
by Pennsylvania State Water Corp.—V. 158, p. 2038.
'1 j
111.; The American Distilling Co,:, 247 Park Ave..,
N. Y. City, 1ST. Y., and Pekin. Ill; Bank of the.Manhattan Co.,'transfer "
agent, 40 Wall St., N. Y. City, N. Y.; The First: National Bank of
Chicago, transfer agent, Chicago, 111.; The Fifth Third Union Trust
Co., depositary for "trustee," Cincinnati, Ohio, and The First National
Bank of Peoria, custodian and depositary for "trustee," Peoria, 111. '
The
U.
S.
District Court
for the Southern District of Illinois,
Northern Division, has, upon the application of the "trustee;" assumed
exclusive jurisdiction of the administration of the trust and of the
property subject thereto, has restrained any interference with the
"trustee" or the company in the performance of the trust, and will •
V.
y
-:,y
Unit Would Dissolve—
The
<
Peoria,
Building,
:■
have
directors
participating preferred stoek. par $50, payable Jan. 15 to
holders of record Dec. 29.
Similar distributions were , made on this
issue on Jan. 15 and July 28, last, and on Jan. 16, 1942.
Dividends are in arrears on this stock.—V. 158, p. 1127.
- :•/.;yInc., would pay directly
policy-forming personnel and
to be acquired by American for
y y
'•
;-y
r:
that upon completion of the
>'
it is understood, would be changed
balance sheet liability by $10
Bankers Securities
pany .-
will
entered
heretofore
ordered
the
from $25 par to no par
per share. The capital
surplus thus created, according to the plan, together with the earned
surplus of the company, would be used in making certain balance
sheet adjustments.
The plan,- it is said, will be presented to stock¬
holders at the annual meeting to be held Feb. 8, 1944.—V. 158, p. 1526.
The
percentage of gross revenues or construction.
would be capitalized at 1,500 shares of $100 par
.
.
plan
>
con¬
indicate the net
,
"trustee"
'v:'
Commission
The
at their meeting Dec. 14, are reported to have
for restatement of capital.
Common : shares of
reduced in
and
'"
,
capital stock,
Hydro-Electric Co.—Capital Restatement—
directors,
a
293,305
y,yV:y%■'-"L.V;"-
:"•/:'
;
standing
certain
a
2151.
p.
End.''
Oct. 31. '43 July 31, '43
$5,409,470 $11,706,594
921,207
2,007,982
perioa—193,563
for
company,
•
Co.,
reorganization, all servicing arrangements will be
rules
and
regulations
applicable
to
subsidiary
Trust
The
on
cash.,'-..
simple purchase of merchandise at a
value.
of system
activities.
expenses
Works Service
common
.
profit_»w_^_i„-,_:^-.H.
operating
sidered
3 Mos. End. 7 Mos.
.
that savings to operating companies
i.:
A new company, Water Works Service Co., Inc., would service oper¬
ating companies at cost on the basis of direct charges to specific
companies for;! specific transactions.
Formerly,, these charges were
assessed
'.yv;'-r-"V. '
.
Bangor
■■■.:■■''A'"'',-'-. -/v""•"V'vV
estimated
■
1—__
158,
The
)
a
servicing
discontinue
value
this transaction may
and
as
and
salaries
all
Water
that the transaction be, treated
"cost" equal to the amount
paid
therefor.
If thereafter the purchasing stockholder sells the
merchandise at a higher price or causes it to be bottled and sold at a
price in excess of cost plus bottling and handling charges and excise
taxes, a taxable income would be realized to the extent of the amount
received over such cost or costs.
Possibly another view is that the
privilege of purchase accorded the stockholder would be regarded as
having a value equal to the excess of the maximum ceiling price for
the merchandise over the amount paid therefor,
and such privilege
would be-treated as a distribution to the stockholder to the extent of
One,
V.
Commission has released its findings
ment; Inc., would be dissolved. , /
American Water
Works & Electric
/
:
system
A'
-V't
sales
Gross
result of the reorganization will be $332,741 less
than the total amounts paid in 1941 and $94,939 le3s than 1942 pay¬
ments.: \
, '/V
. ivi,:'.: :
:'■■■/.( v/
The New Jersey companies cited in the proceedings were: Atlantic
County Water Co. of New Jersey, Pleasantville; Commonwealth Water
Co., Irvington; Bernards Water Co., Beynardsville; Monmouth Con¬
solidated Water Co., Long Hranch; New Jersey Water CO., Camden/ and
Ocoan County Water, Bay Head.'
, ;
Under the reorganization; all existing service sales and constructions
contracts would be canceled and the two existing service companies,
American Water Works Construction Co. and Water Works Depart¬
is advised that it is not possible at this time to state
be viewed for Federal income tax purposes.
company
V
y;':
observed.
has
staff
SEC
the
of
Merchandise
If, when the transactions described in the preceding four sections have
been completed or their completion provided for, there shall remain
in the possession of the '"trustee" any cash or any merchandise orig¬
inally part of the merchandise embraced in the 237,500 barrels trans¬
ferred
to
the
"trustee", upon
the creation
of the trust,
which
remaining cash or merchandise is not allocable to any of the above
mentioned
transactions,
the
"trustee" shall cause such remaining
merchandise to be sold in bulk (rectified or unrectified, as the "trus¬
tee"
may
determine) or in packaged form, or partly in. bulk and
partly in packaged form, as the "trustee" may determine.
After
deducting the cost of making this merchandise profitably salable, and
all taxes and other charges in respect of such merchandise or the sale
thereof, the "trustee" shall pay the net proceeds of such sale together
with such other remaining cash (after deduction of all taxes, including
income taxes,
if any, assessable against either party to the trust
agreement) pro rata to the holders of all shares of common stock of
record at the close of business Feb.
2.9,' 1944, evidenced either by
stamped or unstamped certificates.
This payment may be made at
such time or times as may be determined by the "trustee" prior to
termination
Net
Electric Co., Inc.—Plan Ap¬
V
Exchange
and
:
to
Y'.y:;'
within reach of
now
opinion
Utility Commission
Disposition of SurnluS
the
are
*
Dec.
on
V- Period—
simplification of the
arrangements with
y^::
:■" /:;; V
The SEC decision resulted from, an Investigation of arrangements
with .six New Jersey subsidiaries, requested by the New Jersey Board
of Public Utility Commissions.
The Connecticut Public Utility Com¬
mission
took part in
the proceedings and the Pennsylvania (Public
exercise
the
of
Privilege,
Purchase
islands
first pay¬
share was
;»i /
Axton-Fisher Tobacco Co.—Earnings—
,
approving the reorganization and
company's
central management
and servicing
water operating and sub-holding companies.
■
of said Supple¬
•/'v ! '
net proceeds so to be distributable to stockholders of record as
close of business Feb. 29, 1944, will be» paid from time to time
discretion of the "trustee" prior to April 30, 1945.
%yy
irrespective
certificates
unstamped
'
•
the
in
Securities
The
and
-
not apply to any merchandise required to
suhmitted pursuant to the Supplemental Purchase Privilege.
section
shall
apply to
all outstanding shares evidenced
Telegraph Co.—Opens Tele¬
per share,
compares
22 granted the application of the Detroit Stock Ex¬
strike from listing and registration the common stock ($i
par) of the company. The application stated, among other things, that
the
Michigan
Corporation
and Securities Commission revoked its
order, accepting for filing in Michigan the common stock of company;;
that a receiver for the company has been appointed by the Circuit
Court for the County of Wayne in Chancery in proceedings for the dis¬
solution of the company; that the company has been ordered dissolved
by order of said court; and that one of the requirements for listing
securities on the Exchange is that such securities shall be accepted
for
tiling by the Michigan Corporation and Securities Commission.
The order becomes effective at the close of the trading session on
Dec. 30, 1943.—V. 143, p. 3620.
SEC
change
service
proved by SEC—
to
shall
provision
•
■
&
Dividend—
Co.—Delisting—Dissolution—
Auto City Brewing
6.8%—/
'Deficit
'
This
Society of Wilmington, Del.,
:
1943—11 Mos.~1942
(J*
• V <£> '
.»
$ " '• •'
^5,333,517 16,451,561 183,353,742 187,316,398
..6V'V'v
v.': '
American Water Works &
of Merchandise
unstamped certificates.
i,
V
Corp.—Proposed Sale—
all interest of United Coach CO,, wholly-owned subsidiary
of Associated/in Reading Street Ry. Co., the Reading & Southwestern
Ry. Co. and the Reading Traction Co,
The only other bidder was a
group headed by George A. Stevens of Chicago, whose bid was $725,000,
—V. 158, p. 2462.
■;
'7y
:,v;'
;y
.
in the Carribean area
System telephones.—V. 158, p. 2462.
Bell
Oklahoma and
of Kansas,
States
Method
,
Telephone
Curacao
important
.
.
stockholders desiring delivery
Mississippi.]
Not Purchased
Should there be at the close of business on Feb. 29, 1944, outstanding
shares of stock of the company in respect of which no purchase orders
have been received under first two above sections (such shares being
evidenced by unstamped certificates) then the'Trustee," having first
been duly qualified, will cause so much of the merchandise as could
have been purchased under said sections had the "purchase privilege";
under either of said sections been exercised in respect to said shares,
to be sold either in bulk (rectified or unrectified as the "trustee" may
determine)
or
in packaged form or partly in bulk and partly in
'.packaged form as the "trustee" may determine.
The manner and
terms of such sales shall be controlled solely by the "trustee."
After
deducting the cost of such merchandise and the charges in respect
thereof, the "trustee"" will remit (after deduction of all taxes, includ¬
ing income taxes, if any, assessable against either party to the trust
agreement.) the net proceeds pro rata to the holders of shares, of
record
at
the close of business Feb.
29, 1944, evidenced by such
the
not
is
privilege
[This
within
*
stockholder according thereto.
remitted to said
be
A
v
Leibell on Dec. 21 authorized the trustees
Judge Vincent L.
Federal
to
from the United States was extended , to the
Dutch West Indies on Dec. 20 over a short
wave
radiotelephone channel linking stations of this company with
stations of the Netherlands
Colonial Government near the City of
Willemstad.
The service will be within reach of all Bell and Bellconnected telephones.
The rate for three-minute conversation between
the
eastern section of the United States and Curacao will be $12
on
weekdays and $9 on Sundays';'V.;:./v.7'■■■;
■"
~
With the extension of telephone service to Curacao all the most
merchandise which said
sold in the manner de¬
and the pro rata share
of the net proceeds
(after deduction of all taxes, including income
taxes, if any, assessable against either party to the trust agreement),
to
'V
153, p. 2462.
Associated Gas & Electric
1943—Month—1942
;.f ■ ■
.
.
2038.
p.
Telephone
purchase order in respect
29,
158,
island
1944.
record at the close of business,
1944 does not elect to execute a
of
this Section,
the "Trustee" will cause
stockholder could otherwise purchase to be
scribed in Bulk Merchandise Section
above
Feb.
•
phone Service to Curacao—
event that any stockholder of
the
In
on
„•
American
A
Writing thkt "orders' will be accepted under this "Supplemental Pur¬
chase Privilege" and will furnish each stockholder with the purchase
orders necessary for the exercise of'this privilege.
This privilege may
not
Co.—November Sales of
Stores
'
Sales
York State,
mark-up).
'
Co.—Weekly Output—
Gas &-Electric Corp.
of Associated
trustees
Dec,. 17, 1913, net electric
ago.—V.
market.—V. 158, p. 2462.
open
American
practicable in the manner described for the
under Packaged Merchandise Section above
conditions and protective -restrictions. " .
as
the territory
The directors on Dec; 14 declared a cash dividend of $3
payable Dec. 22 to stockholders of record Dec. 14,
This
with $5 per share paid on Dec. 19, last year, which was the
ment since Dec. 31,
1931, when a semi-annual of $4 per
•disbursed.—V. 158, p. 2358.
Period End. Nov. 30—
delivery of mer¬
chandise
and subject to
the same
; v
As promptly as possible after the close of business Feb. 29, 1944 the
"Trustee"
will
advise the stockholders "'-of record at that date in
far
so
.
Grafton and
S. D., .and Saint Cloud, Fergus
and Minneapolis, Minn.—V. 158,
'y ;
y ■
for $750,000,
the
freight changes, local or State taxes or mark-ups.
merchandise would have an approximate retail
for example, of $94.26 (exclusive Of local
Delivery of merchandise hereunder Will, be
fees,
cases
New
value
of benefit to the producers in
The plants are located in
plants."
report for the week,
output of the Associated Gas ■& Elec¬
tric Group' was - 145,146,293 units (kwh,).
This is an increase ...of
10,455,662 units, or 7.8% above production of 134,700,631 units a year
American Power & Light
stockholder of
These
prove
Associated Gas & Electric
of business on
-
said "the 10 plants,
Co.—Time Extended—
The SEC has extended from Dec. 9, 1943, to April
10, 1944, the
time within which the company may expend the. balance of $6,273,771
(of the original $10,000,000) in the purchase of debenture bonds in
Supplemental Purchase Privilege
provisions of this Section are available only to stockholders
(of both "stamped" and unstamped> certificates)
at-the close
business Feb. 29,
1944 (the close of the purchase period),; The
Each
will
these
by
N.
The
November
in
company
.
cumulative $100 par preferred
The
privilege
/"
'
\
acquired 7,200 shares of its 6% nonstock, reducing its outstanding preferred
to 96,800 shares on Nov. 30, 1943, compared with 106,623 shares out-,
standing on the date of the last previous report, according to a
statement filed with the Securities and'*Exchange Commission. , ■r- ■.
in June this year, 900 shares were acquired;: in August, 923 shares,
and in October, 800 shares.—V. 158, p. 2246. •
> >
The
'
,■
1342. ;
p.
,,
Corp.—To Increase Stock—
18 on,"a proposal to increase the
from 1,000,000 shares to 1,500,000
y'/VAV,yv
American Ice Co.—Acquires
y
A
record
of
158,
stock,
2357.
capital
shares.—V.
vote. Jan.
will
stockholders
.*
D.; Mobridgp -and Webster,
Falls, Rochester, Austin, New Prairie
Fargo,
,
American Home Products
The
to stockholders desiring
States of Kansas, Okla¬
y.
organizaticii
in accordance
under provisions of the
terms
warehouse
in
a
ended
.
addition, with the tenth manufacturing
effecting the property sales
of, its plan of reorganization
Public Utility Act of 1935.—V. 158, p. 2038. '
the
"
with their inventories of raw and finished materials, repre¬
total value of $2,500,000.
We shall continue the operation of
serviced
.
"
American Gas & Power is
with
required in respect of
merchandise in/lieu
•
•
A
'
The arrangements shown in this Section can.be made only by stock¬
holders who are distillers, bottlers or rectifiers holding Federal and
State licenses or permits to deal in. bulk whiskey or by.suqh other,,
stockholders who may desire and are by law permitted to acquire or
deal
*
affiliate.
former
'
the* plants without change in their present management or operating
personnel.
We believe that the sales outlet provided by the Armour
consummate the transaction.' The
are to be deposited with
approval of the SEC to
debentures to await the
approval of holders of two-thirds cf the issues to use the funds for
liquidating; the .company's: certificates ;,of indebtedness to the Minne¬
apolis Gas Light Co ., subsidiary, and to Jacksonville'Gas Corp., a
the instructions of the "Trustee,"
the same period and in substan¬
tially the equivalent instalments as would be
the delivery under Section III of the packaged
of which such arrangements may be consummated.
sented
ice agreed upon is $900,000.
The proceeds
the trustee for American Gas & Power Co.'s
pi
in
creamery,
a
'
Pearsall, Vice-President of Armour & Co,,
E.
together
for the sale, of its equity
a* subsidiary/ and needs
has concluded arrangements
in the Lowell Gas Light Co.,
interest
the
only
R.
company
stock
operates
'ice* cream.- \
Lowell Gas Light. Co.—
If
granted, such merchandise, subject to
may or may not be deliverable over
nine
Co.—To Sell Stock Equity In
American Gas & Power
include
not
mark-ups
or
Monday, December 27, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2574
Burco,
Inc.—Directors Elected—
Theodore
The purchase by
jamin
—V.
Donald R. Baldwin, Paul A. Gammons, Ben¬
Warren S. Currier have been elected directors.
Reyillon,
Graham and
2464.
158, p.
..
Volume 158
Brown
Shoe Co., Inc.
sales-!
"'Cost
of
goods
t Provision
§Net
sold-—..-—T—
for
1943
—
250,000
depreciation—.
increase
in
239,852
205,776
17,144
Granted More Time to Submit Plan—
Federal
250,000
12,290
—
250,000
237,118
-
11,592
reserve—-—. ——/
which
The
Other
from
operations
charges
$3,884,064
—
(net.)———:..
—_
$2,607,350
the
29,919
62,834
75,243
.
State and Fed. normal income taxes
Federal excess, profits taxes—
Net
551,000
595,000
1,030,000
110,000
$979,145
$919,515
491,250
492,000
$3.98
$3.73
$4.11
■"Selling,
Inventory.
share—\
stock,
common
Consolidated
Balance
Sheet,
"V\,,>7^.\;K'!:
\
.
Oct.
1943
accounts
Invest,
in
sub.
285,282
457,343
54,400
goodwill,
name,
Deferred
77,737
2,360,708
2,230,416
1
■
;?,/
■
12,709
—
■"Trade
tAccrued
other
195,816
2,658,687
Federal
and
Long-term
17,011
Reserve
Capital
§1,075,734
'.600,357
3,000,000
3,000,000
126,125
113,834
and
246,000
3,105,882
3,105,882
186,472
971,031
9,365,189
8,878,044
Illinois Electric
flnterest
Electric
note
on
from
Rule
U-50
would
.7,953,075
Power
Taxes,
Provision
Gross
Total
in
Amort,
'?0.!.v. v. '77'!'??,
.
25,487
295,569
243.392
2,255,525
1,837,691
54,720
642,963
631.393
62,672
61,768
878,504
720,778
Fed.
$246,652
$214,875
$2,877,194
$2,518,119
44,813
42,606
Fed.
deprec—
•
$6,949,755
debt
$219,025
$2,922,006
4,174
5,914
70,196
l,157f
19,894
$163,195
$109,974
$1,649,927.
33,343
521,560
$105,555
$76,632
$1,128,367
income;
Gross
Service
Co.
Statement of
1943
Interest
from operation———
$1,204,308
12,528
income
209,725
income—_
$695,741
$610,234
$7,887,756
$7,108,659
income-
9,487
7,228
107,679
133,570
$617,462
$7,995,435
$7,242,229
171,778
2,610,853
2,026,321
82,336
953,424
The
1,090,363
other
and
261,357
deductions
_
208,254
tax—
income
506,327
$564,612
$499,001
208,501
208,501
stock
petitive
The
Canadian Pacific Ry.—Traffic
77 ■777
.&
This
Traffic
earnings
$6,040,00
—_
,
declared
13
final
each
made
also
were
on
this issue
?>.;,.
,
dividend
of the
?
2%
of
the
on
1943,
year
3l, 1943.
Feb.
on
■'■■•'■.7'.;'"-?7
:
company's proposed issuance of 3,000
be sold to
to
share
a
and Aug. 3,
1,
proceeds
will
be
National
used
to
of
satisfy
Boston.
Cape;&
The
Public Service Ctf—V.
Maine
149, p. 2682.
Exchange has
($25
par) common stock
stock presently listed.
common
directors
advisable
to
Oct.
on
shares of
common
300,000 shares
presently
the
amend
issued
26f
$100
value
adopted
of
!
•
195,(roO
shares
adopted
a
interest
into
preserving
preferred stock
company's
of
entitled
at
association
to
four
also
votes
present.—V. 158,
p.
the
as
a
provided
per
of
a
share,
Nepsco,
than
one
four
&
to
to
Dec.
on
13
of
company
stock the company
&
of
common
the
Common
stock
Stock
First
to
holders
Twin
and from
have
share
and
Pressprich
Inter.
Distribution—
Paine, Webber, Jackson & Curtis made a secondary dis¬
tribution Dec. 16 of $695,000 1st mtge. 5%
gold bonds
The Commercial and Financial Chronicle
(Reg. U. S. Patent
William Dana Seibert, President; William D.
of
the
common
$526,625 plus accrued
Old
at
C,
to
under
Colony
stock
be
Trust
interest,
dated
Dec.
secured
and
by
an
trustee,
as
Co.,
and
the
the
sales
$150,000
to
frbm
company
of
after
to
be
the
of
pay
the
for
135
S. La Salle St.,
of
to
be
expenses
contributed
series
demand
a
sale
stock
common
allowance
C
by
bonds,
note
dated
Blodget, Inc
Pro
$2,956,802
of
agreement
7 9o
of
588
588
6,412
4,580
other
&
Forma Income
Statements
Calendar Years
1941
1940
$4,099,556
$3,976,854
2,002,150
$3,721,965
1,859,605
$3,490,378
1,950,206
135,644
145,272
142,924
1,600,623
148,403
264,829
258,485
249,271
352,049
333,133
342,103
333,330
$1,393,682
$1,231,469
$1,118,848
$1,158,750
3,292
1,956
"3,223
8,350
$1,233,425
$1,122,071
$1,167,100
296,924
294,002
297,783
295,288
$1,100,050
$939,424
$824,289
$871,813
306,300
272,200
206,300
158,200
$721,650
$667,224
$617,989
227,136
227,136
227,136
227,130
$494,514
$440,088
$390,853
$486,477
deduct.
'■
v-:
before
Fed¬
tax_—
income ta
and
surtax—,
profits
stock
sh.
the
tax
72,100
—
div.
_
require.
■
of
stock
com.
upon
$1.53
$1,36,
i
"
Pro
Forma
'
420
ii
4,580
4,580
420
2,748
Co.
420
252
,:><
Balance
Sheet, Aug.
$1.51
upon
completion
...
31,
1943
Assets—
Merger
_.!:.-
■,■
Investments.
Cash
————_
demand
on
Other
current
...
is
to
Prior
in
49,352
__
banks
and
hand
on
:
995,525
709,908
Cash
on deposit with trustees and fiscal
agents, contra
Employees' U. S. War Savings Bond fund, contra-——deposits
to
such
merger
Twin
State
will
have
sold
for
to Public
Service Co. of New Hampshire all of its business, fran¬
properties in the states of New Hampshire and Maine.
The remaining business, franchises and
properties of Twin State will
be acquired by the company upon the merger.
After the Agreement
and
has become effective,
the business, franchiss and properties
of the company will include
also the Vermont properties of Twin State,
the separate existence of which will have ceased.
86,578
2,770
Special
Other
physical
Miscellaneous
Other
deferred
Capital
stock
.
'
property
assets
debt
Unamortized
———;—■:
discount
and
expense——-
1,845
676,800
4,629
432,609
charges—
208,190
expense——
d.
76,765
—
■
Total
$19,061,384
Liabilities—
mortgage 3l/4 !o
and
Matured
/
accrued
bonds,
bonds, series B, due 1966
bonds,
series
C, due
$7,000,000
1973
500,000
——
liabilities-—.
interest
and
847,378
dividends
unclaimed,
Employees' U. S. War Savings Bond fund, contra
contra
86,578
2,770
Reserves—
Depreciation
of
utility
plant—
'
Other
physical
property
Other
reserves
—————————.L——
'
Unamortized
$6
debt
premium
preferred stock
stock
Common
Total
common stock now offered, Twin State Gas
merged with and into Central Vermont Public
be
"
assets,
76,767
expense
(37,856 shares,
no
(323,000 shares/no
16,875
par)—
3,785,600
par.)
3,235,616
354,310
——-----:———J
Statement
of
Operating
Net
than
income
eral
oper;,
Non-oper.
1943—-Month—1942
1943—12 Mos.—1942
$257,018
$3,007,775
$2,909,954
147,149
——
151,537
1,678,697
1,776,771
17,889
268,685
245,817
$87,592
$1,060,393
$887,366
Fed¬
tax
r
income—
income
$19,061,384
$255,687
revenues—1
expenses
other
Taxes
—-
Earnings for Nov. and 12 Months Ended Nov. 30
Period End. Nov. 30—
Operating
2,905,482
—250,008
and
16,295
?0?-
w
;
"'''a:
Utility plant_ $15,816,413
delivery of the
.•
$713,613
$1.21
^he 323,000-. shares to be outstanding
and financing.
merger
?!
420
4,580
'
!,
Co.
pay
1942
,
income
■"Based
420
,
4.580
—_
Inc
Co
Corp.
to
prior lien
in an
merger
267,974
income
"Fer
of
840
•
6,412
Co
&
the
Aug. 31, '43
—
:
1,930
9,160
Co———
Slocumb
in
12 Mos. End.
Balance
From
Co
&
Bank, Boston; (b)
outstanding shares
provided
23,371
$85,167
,
(net)
9,412
Drl72
10,987
Dr3,068
income——
$94,579
$87,420
$1,071,380
$884,298
35,030
35,829
427,496
430,814
22,500
21,000
243,800
162,500
$37,049
$30,591
$400,084
$290,984
18,928
18,928
227,136
227,136
Property Acquired from Twin State
Gross
Upon the merger company acquired the business and all the rights,
privileges, franchises and properties, and assumed all the
served
and
the
obligations of Twin State's Vermont properties which
territories in and around Berninfeton, Brattleboro and St.
Int.
other
and
Federal
Net
income
deducts,
tax—
income——!■_
Johnsbury, Vt.
The fixed assets' in Twin State's Vermont properties,
as at August 31,
1943, were more than $3,900,000 and its gross oper¬
Pfd.
div.
requirements.
ating revenues for the
—V.
158,
p.
12
months
ended
on
that
date
were
$1,120,000.
2464.
Office) William B. Dana Company, Publishers, 25 Spruce St., New York 7, N. Y„ EEekman 3-3341. Herbert D. Seibert, Editor and Publisher;
Riggs, Business Manager. Published twice a week [every Thursday (general news and advertising issue) with a statistical Issue on Monday]. Other
Chicago 3, 111. (Telephone: State 0613), in charge of Fred H. Gray, Western Representative; 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright
il943 by William B. Dana
Company.
Reentered as second-class matter February 25, 1942, at the post office at New York, N. Y„ under the Act of March 3, 1879.
Subscriptions in United States and
Possessions, $26.00 per year; in Dominion of Canada, $27.50 per year; South and Central
Ame/ica, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia,
Australia and Africa, $31.00 per
year.
NOTE: On accoutit of the fluctuations in the rates of Exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
offices:
1,
$8,500.
by the
from
(a)
revenues-
Balance
Pfd.
Nepsco
& Co
Securities,
Merger
■
the pur¬
offered,
Earned surplus
of
cents
(other, than Fed.
Excess
pur¬
powers,
Ry.—Secondary
stock
sale
series
$2,667,587,
24,550
as
7"',
3
oper.
eral
under-
been
21,070
_!
'./!?
chises
policy
accrued
Noxfmal
Nepsco, respectively, appear below:
Co.
Scranton
to
the
a
27
of
!
issued
stock
National
of
State,
to $110
equal
Prov. for Fed.
v
offered
now
purchasers has severally agreed to
Weeks
Wisconsin
Prior
of
1944,
$1,396,974
has arranged the
Inc
Dean Witter &
.
per
15,
stock
.
par)
the
to
proceeds
operating revenue
Non-operating income-
Harriman
—
the
at
Net
1,930
Service
miles,
aggregate price of $47,264,
par), to Nepsco and will (b)
com-
21,070
& Electric
the
an
of
received
income) V,_——
was
Graham, Parsons & Co.
Whiting, Weeks & Stubbs, Inc
of
at
be
to
common
follows:
W.
shares
March
together with the $243,121
net
as
1937
be
the
$35,436,
the
of
Taxes
Burr,
The
1,930
Brush,
11.5
intention
present
common
common
(no
price
a
1929
estimated
the
used
31,
of
Chas.
special meeting
vote
at
and
be
sell,
estimated
expenses
Current
($100
and
and
The
net
proceeds
(excluding accrued
by the company from the sale of the series C
be $516,875, after
deducting a placement fee
to
proceeds
1,260
proportionate voting rights of
class, the amendment to the
that the preferred stock shall
rather
and
shares
to
1,
received
13,740
2464,
Georgia
Coffin
shares.
21,070
liabilities
Central
of
194,295
Inc
cash
the proposed amendment at
of
Co.,
&
plants
17.9
of
and the
supplemented.
be
net
at
Depreciation
Number of Shares
&
Wyeth
of
stock
1973,
Oct.
estimated
$1,250
The
Total
2,357
The
the
about
the
bonds,
1,
& Webster
Dec.
the
to
are
Period—
Privately—Contemporaneously with the
each
resolution
stock
dated
and
interest)
.bonds
Dec.
Stone
,
as
Indenture
amended
Net
25,938
Vermont
is
or
issuance and
(a)
mortgage
due
and
Condensed
Ripley & Co. and
rejected by the corporation.
public offering price of $14.25.
a
association
common
privately,
first
$500,000
the
will
common
to
"
through
on
shares
Old
From
&
State's
manufacture
a
sell
and
1943
its
First mortgage 3Vs%
9, and on Dec. 13 a certificate of amendment to
articles of association of the company was filed in the office of
Secretary of State of the State of Wisconsin.
•
be
issue
of
First
declaring it
changing the number
the company is authorized to issue
of
which
par
the
Burr,
Putnam
it
company,
company
shares
1,260
l,20p,000 shares, and to change each share of
value
common stock.
Stockholders
on
offered,
1,260
authorized^lie listing of 779,840
lieu
by
bid
and
178,000
1943,
articles
stock
to
in
which
&
W.
Twin
and
manufacturing
gas
distributed
Contemporaneously with
2,954
13,740
(J. I.) Case Co.—Listing of New Common Stock—
The New York Stock
made
for
Y-'fy.:..
R.
sale
•
are
13,740
Co.—Merger-
capacity.
the
shares
approved
been
in
per share
(aggregating $2,700,500) plus unpaid
to the effective date of
agreement of merger; (c)
acquire $40,000 3f« debentures of Dec. 1, 1936, due Dec.
1,
1956, of Nepsco Appliance Finance Corp, and $8,000 of
5% debentures
of Aug. 1,
1936, due Aug. 1, 1956, of Nepsco Services, Inc.; and (d)
$272,781 to provide additional working capital.
severally by- certain investment bankers for whom Coffin &
is acting as representative. The number of shares of com¬
Hornblower
for
the
purchasing
16,295
Paine, Webber, Jackson & Curtis
by the Masschusetts Department of Public Utilities.—V. 158, p. 2359.
Caribou Water, Light & Power
share
a
negotiated
share
a
agent,
/!'-'■
Lehman ."Brothers :
common
suitable
;
ax'b
dividends
1,697,155
Company
indebtedness
has
privately
$14.92
common
Blyth
($25 par)
Vineyard
transaction
the
Purchasers
from
each
with
Bennington and Brattleboro,
water
is
gas
the
16,295 shares
now
$3,384,064
141,430 •v. 1,386,433
111,820
Corp.
planned
Coffin
New England Gas & Electric Association,
authorized Dec. 17 by the SEC.
The $150,000
Bank
$3,340,795
$296,607
this
■.?'77,'C. : !';77?7'7; •>
shares
chase
but
primarily
connection
one
$48,000 to
Inc.
Distributions
its parent,
was
$274,877
pay
$13.25
Boston
stock
pay¬
Cape & Vineyard Electric Co.—Stock Issue—
$50
-
136,3.59
194,295 shares of
written
Burr,
a
4non-cumulative preference §toek in respect
able on Feb. 1, 1944, to holders of record Dec,
year.—V. 158, p. 2464..
of
to
r.
$5,478,000
sale
178,000 Shares from the company
and the
from New England Public Service
(Nepsco).
part of the 141,996 shares received by Nepsco
under the agreement of
merger.
Nepsco will contribute the proceeds
of said 16,295 shares
($243,121) to the company.
The
stock
privately, of $500,000 1st mortgage 3V4% bonds, se¬
C, to be dated Dec. 1, 1943 and due Dec. 1, 1973.
The
mon
Dec.
on
bid
sale of the
1942
Final Preference Dividend—
directors
tax_
approved
group
%
Earnings—
7'77':,v'>7? 1943
;
two
Operation
agreed
First
sale
158, p. 2153.
Week End. Dec. 7—
74,096
Bonds Placed
—'
—
preferred
on
$1,213,582
SEC
of
engaged
to inaugurate on
quarterly dividends
of
874,388
219,896
requirements-.
who
Co.
pur¬
and
957,456
66,741
$705,228
tax
Nepsco Services, Inc., Augusta, Maine, transfer,
Colony Trust Co., Boston, Mass., is registrar.
"
and
connected,
other .companies
share.
cash
1,648,335
158, p. 2153.
9,274
$1,343,210
517,241
;
also
Purpose of Issue—Of the
will
Whiting,.Weeks & StUbbs, Inc.; R. W. Pressprich & Co.;
& Co.; Vermont Securities,Inc.; The Wisconsin
Co.; Wyeth & Co., and Brush, Slocumb & Co.
1,837,999
$1,330,682
affect
estimated
Putnam
$3,042,308
not
were
of
including
of directors
payment
Dec.
214,789
div.
ries
the
of
Nepsco
Burr, Inc., on Dec. 22 offered 194,295 shares of common
stock (no par) at $16 per share.
Other members of the
underwriting group are Blyth & Co., Inc.; Lehman Bros.;
Dean Witter & Co.; Hornblower & Weeks; Paine, Web¬
ber, Jackson & Curtis; Stone & Webster and Blodget,
Inc.; Chas. W. Scranton & Co.; Graham, Parsons & Co.;
1942
2,034,298
—_
income
Dividends
articles
board
Maintenance
Earnings
:P
$3,364,982
corporate
Federal
In
adversely
sold
1943—12 Mos.—1942
Central Vermont Public Service Corp.—Common Stock
Offered—An underwriting group headed by Coffin &
$823,741
lines
substations
its
which
178,000
1,675,547
Pfd.
'? ' 398,210
tax.
Service
sale
Dividends—Dependent upon a continuance of earnings' at sub¬
stantially the present rate and subject to conditions which
might
Of
17,477
income——
Inc.,
held
2041.
102,951
profits
excess
29
'■Ovv;;;,Y
$1,221,951
57,640
_
Net earnings
par
exemp¬
the
17,478
income
Net
15,518
Operating,,expenses and general taxes——
$25
of
137,438
income
Gross
70,723
2,508
deductions
California Water
from
an
1,252,532
12 Months Ended Nov. 30—.
of
for
$1,360,537 $16,932,536 $15,990,770
629,875
7,154,444
7,024,051
>
the
distribution
,
for
Portland
Bond, int., etc., deducts.
discount
Operating revenues
The
Stock
Co.—Earnings—'
583,940
systems
the
energy,
2,C90 customers in
by
chasers
$2,560,724
1,181,989
101,989
81,413
■—_—
income—————;
shares
requirements
$1,434,597
—
Public
in
The electric properties of Twin State's Vermont
by the company, include one hydro-electric
plant
acquired
acquired
systems
per
in
The stock is already issued
the. Commission
p.
with
electric
properties were
company
from
registration statement
a
$5,951,372
*
4,151
7.7 4,639
$251,291
income
See
and
variability
misleading
1943—Month-^1942
—
oper.
Fed.
than
$495,779
"Including excess profits tax.—V. 158, p. 2248.
•
flow
Commission's
sell the stock at a negotiated sale to
investment firm, which subsequently
can
income)——
under
Non-operating
143,797
49,852
Trov. for Fed. inc.
First
materials
(other than
lease
Net
1943—12 Mos.—1942
30,155
expense
The
it
revenues
expenses
taxes
RR.
162,550
for
of
Miscell.
for
that
order
bidding
Republic, a Chicago
a public offer.—V. 158,
Federal
*
Co.—Earnings—
$556,749
income
Interest
stock
SEC
make
Operating
—
oper.
revenuesincome (net)—
2%
the
petitioned
competitive
—V.
of
has
Electric
the
Operating
expenses-
other
The
with
Gas Co.—Files For
&
Englaiid
New
primarily
transmission,
its
company.
about
amount
oper.
Net
antici¬
and
Period End. Nov. 30—
Federal capital stock tax.
§Less U. S. Treasury notes of
1943—Month—1942
—
—V.
is
?
with
Central Maine Power
and
(Including Interstate Telegraph Co.);-
Operating revenues
Maintenance
Other
filed
has
outstanding
Central
commissions; Federal and State payroll! taxes;
officers, directors and employees and retirement
of
;'7>.:!\./
Net
It
•
sales and profits, making it unsafe to calculate trends
quarterly figures.".—V. 158, p. 2464.
: v
tion
and
wages
Period End. Oct. 31—
Net
renegotiation
or
company
Rental
and
of war interference
conditions, there is a
to
gas
jj'
California
Other
Defense
to
the
Appropriation Act.
;
:
$20,231,139 $20,552,391 $19,617,027
balances
Net
National
subject
are
of
engaged
and
respectively, of mains.
:
.
,
3,105,882
244,425
—
•
contributions,
Other
above
the
Consolidated
246,000
^Represented by 246,000 no par shares:
$2,003,400.—V. 156, p. 2211.
.;
reported
were
electric
three
of
include
Vermont
6,718,260
stated:
20,
the
systems
1942
136,545,979
Dec.
on
subsidiary
located at Hoosick Falls, N. Y,,
serving the Bennington system, one
hydro-electric plant at West Dummerston,
Vt.,-serving the Brattleboro
system, and one steam-electric and five hydro-electric
plants serving
the St. Johnsbury system, together with 90
pole miles of transmission
lines and about 413 pole miles of distribution
lines.
The transmission
,
170,485,059
a
energy
connected
properties,
$•
;;
Its
was
purchase
lines of
.
does not represent new financing. Consolidated
Electric & Gas Co,-is the beneficial owner of all the outstanding com¬
mon
stock of Central Illinois; Consolidated is, in turn, controlled by
Central Public Utility Corp.
7
.OV...
'
• ;
96,691
246,000
surplus
"Salaries,
trust
1,719,744
?'■
—
surplus
credit
107,360
55,225
^
.?—?
the
127,638,145
6,016,984
1943
,
Offering—;. v,7'',- ' r77"?'
■
Total
-
7,436,831
400,000 shares of common stock (par $15).
2,588,766
86,250
income
on
surplus—;
Earned
826,361
:
'
'
783,096
'
was
properties
electric
Vermont.
system
1943—11 Mos.—1942
155,954,354
President,
imposed
war
Central
►
$1,000,000
2,495,055
payable
stock——,
Contributed
$700,000
2,781,533
7-—-—.———
tCommon
$200,000
-—J—
———
State taxes
7
13,929.668
of
remaining
17,402
3,000.000
taxes—
note
Month—1942
15,285,161
consequence
monthly
monthly
1
1
of
a
The
—
local
'
—„—8,422,296
Neumiller,
"As
$20,231,139 $20,552,391 $19,617,027
———_
(currently)
accounts payable,—
payable
2464.
p.
pated that such renegotiation will not have any material effect upon
net
earnings as reported after provision for all Federal taxes.
LiabilitiesNotes
reorganization.
111
etc
charges..
Total
'
B.
provisions
6,293,057
inetl———
of
158,
—
—.
"The " earnings
$1,038,177
$1,146,407
1943-
——-i———:
7 profit-——2—--—
Net.''sales';
Net profit
8,930,412
483,474
consol.)
(not
cos.
plan
State
Vermont
for light, power, heat and other
purposes
to about 12,140 domestic,
commercial, industrial, agricultural and municipal customers in Ben¬
nington, Brattleboro and St. Johnsbury and 31 other communities in
,
time-In
the
1
1941
\
6,605,997
;
Trade
1942
9,887,188
assets
plant and equip,
Lasts
a
1
19.
had not been settled.—V.
reorganization
sales
L.
8,226,064
Investments and other
Dec,
12 Mos. Ended Nov. 30—-
v.
(net)■-Jiv. 5,076,587
receivable
Inventories
Prop.,
31
:
Cash?-—$4,345,680
Trade
Net
par.
no
submit
may
expired
Feb.
$
Net
and general expenses; bad debts less recov¬
anticipated decline in market prices of materials in the
§For employer's liability and compensation insurance.; "'"On
246,000 shares of
Assets—
road
have
7
,
until
Caterpillar Tractor Co.- -Sales and Earnings—
administrative
[For
the
extended
Callaway, trustee, informed the court important questions
at the last meeting of the advisory committee named to aid
Period End. Nov. 30—
stock———
common
on
"""Earnings per
eries.
of
would
has
$1,012,118
492,000
trustee
limit
Lovett
B.
P.
up
the
in
A.
Its
chase
470,000
2,324,000
profit
Dividends
taken
$1,667,361
Judge
time
Merrel
Profit
2575
Twin
1945, at a fixed price of 88V2 flat. Dealer's discount
1% points.'
1941
1942
,$53,241,547 $48,223,259 $37,737,369
35,602,641
48,858,075
45,108,913
—
—
Provision
'
'
——j!'
& FINANCIAL CHRONICLE
due
Sub.)— Earnings-^-
(&
Years Endeci Oct. 31—
Net
THE COMMERCIAL
Number 4241,
directors
declared
15
Dec.
on
year-end dividend of
a
27 to stockholders of record Dec. 20.
were made on April 15, July 15 and
per share, payable Dec.
tions of six cents each
Distribu¬
Oct. 15,
March
cents.
follows: Jan. 15, 15 cents;
27, July 15 and Oct. 15, seven cents each; and Dec. 29, nine
Payments during 1942 were
last,
—V.
158, p. 1128.
as
.•
■
Ohio Ry.—Readjustment of Capital
Structure Held Up—Robert R. Young, Chairman of the
Chesapeake
&
Board, on Dec. 18, stated:
keenly disappointed by
state
Commission
Commerce
impresses us as a
issues,
.
of
securities
latter
company.—V.
worked
had
who
country
S.
U.
effort
to me that the Commission has done little for railroad
recent years, whom they are supposed to foster and'
except to wipe out millions who hold junior equities in reor¬
ganized roads, and this at a time of record earnings.
We hope this
pessimistic appraisal of railroad properties has not now been extended
to- include the surplus of the Chesapeake & Ohio.
We worked hard
management of the Chesapeake & Ohio is carefully studying the
and is confident that it, and the Commission, can find ways
and means of accomplishing this readjustment in our capital structure
so
desirable from the standpoint of the security holder, the Commis¬
The
.;':
Net
•
'
»'•
^
48,351,691
3,116,°42
3,848,966
984,332
983,173
10,451,574
34,270,219
taxesJac.
.
income.A-.-A---.,.
2,875,912
income
2,428,310
3,300,652
2,662,826
common-
$0.32
$0.34
and
of inc.
38,097
42,533
472,810
<70,775
2,390,212
2,020,233
28,303,252
-
on
28,776^062
$3.70
.
other
approp.
transferable
Balance
profit
—V.
and
158,
p.
to
loss——*
24G4.
& Pacific
RR.—Motion
leave
and
to
for
Judge Michael L. Igoe at Chicago has granted the-company
its motion for reconsideration of the reorganization plan
relief."
In view oi the revised plan of reorganization
file
"other
announced
the
fcr
road on
Com¬
11 by the Interstate Commerce
Dec.
mission, the filing of briefs and counter affidavits is waived
present time, and Jan. 14, 1944, has been set as the date for a
on the motion,—V.
158, p. 2465,
' - A;S ' //A.
at the
hearing,
;/ A%
•
Chicago
North Western Ry,- -New Reorganization
&
Denied—
,
;
S.
previously had denied the application.-
Commerce Commission
the
for
Counsel
road
cash-items under
the
said
$16,383,212
increased- from
had
trustee
on
Jan.
the control "of the
31, 1940, to $33,-
<32,502 on May 15, 1943.
V
The Justice Department said the railroad had
contended
fully
make
complete
holders."—V.
the
that
"long and unsuccess¬
of'reorganization (approved by the
of its failure to
for the railroad's stockholders and bond¬
plan
be
must
1940)
in
Commission
provision
p. 2249.
invalidated because
:
"
158,
Chicago Rock Island & Pacific Ry.—Bonds
A
Placed— •
Exchange,
RR. first
Rock Island & Pacific Ry.
bonds were priced at mar¬
Stearns & Co., members of the New York Stock
placed $3,956,000 St. Paul & Kansas City Short Line
Baer,
have
gold 4'/2S, due 1941, and $3,253,000 Chicago
first and refunding gold 4s, due 1934.
-The
ket.—V.
158,
p.
2465
•;
Vi
/
Company
of
Holders
..
rate
the
5%
at the
Veritas Do Salitre y Yodo De Chile
debentures are being notified that. interest
the half-year ending Dec. 31, 1943,.iwill be paid
Dec. 31.
The interest will be paid- in sterling at
London office of J. Henry Schroder & Co.,vW -..the, option - of
holders in dollars at
the office of J,„sIlenry:<Schrqd®r Banking
21/2%
of
full
the
De
income
sterling
in
Corporacion
Corp.
or
on
for
after
in New York, or in Swiss francs
at the office<of Credit Suisse in
Switzerland, at the current London rate oA,exchange on
day of presentation of coupon No. 19.—V, 158, pi* 20.42, .-tptr •
Zurich,
the
brand
profit after charges
—V. 158, p. 2249.
Service
Cities
Senior
1943—Month—1942
*$58,959
$60,780
Power
&
Securities—Appeal
Light
on
1943—11 Mos.—1942
$682,739
Co.-—Plans
SEC
"Death
$672,804
to Retire
Sentence"
Dropped—
The
Public
ment
company,
Service
of
all
following completion of its sale of all interest in the
of Colorado, on Dec. 20 disclosed plans for retire¬
debentures and preferred stock, totaling
Co.
its
outstanding
$47,000,000.
A
plan
covering
this operation was filed late on Dec.
20 with the
Corp.
'
•
directly
users
of
mill
and
mixed
through
locally.
,
his
grocers, wholesalers, bakers and large com¬
and indirectly through brokers.
Commercial
merchandised to consumers, retailers and
certain of the mills and elevators, to a large
the last several fiscal years the company has
to
For
are
its products in 47 of the 48 states. Approximately 100 of
company's brands are registered with the United States .Patent
marketed
the
Office.
•
.
Prior
to
March
of
1917,
•
the
"
company
•'
r
operated
'<
substantially as
a
As of that date most of the subsidiaries Were
liquidated' and their assets and operations were taken dver6'directly
by the company. At the present time the company has two subsidiaries,
both of which are wholly owned.
The Sunset Milling & Grain Co. oper¬
ates a feed mill and elevator at Los Angeles; Calif.; and merchandises
ieeds, flour and grains.'
The Rocky Mountain Grain & Commission
Co. is located in Kansas City, Mo., and is engaged in the grain com¬
holding
company..
and
trading
Acquisition
business.
Feb,
24,
of Contrql
1943,
of Company by Union Securities Corp.
following
several
months
of
reduced by payments, if any, hereafter made to
from such contingency reserve or in satisfacton
' »•' N '"'N;
the outstanding capital stock from the administrator
(which had been one of the 119 selling stock¬
of
to
as
was
Securities
Union
Corp, from the proceeds of dividend
contemplated
it
causing
to
be
made
and
from
distributions
the
disposition,"
of such
by either public cr private sales as might later be determined,
new
securities as might thereafter during the period of its
the company
of
ties
Corp.
has
control
be issued or sold to it by the company. Union Securi¬
advised the company that, consistently with such pur¬
it had no intention, at the time of the purchases, of making
distribution of the 79,464 shares of 'capital stock, purchased from
stockholders. " ;
"•
Following such purchases Union Securities Corp. broughtr Into the
company new senior executives of long'experience in the milling and
grain business and "inaugurated together with the new management
certain changes in the policies of the company.
Pursuant to unanimous, action of all tne stockholders, taken at a
pose,
any
the former
24, 1943, the certificate
amended so as, among
change: the total number of shares of capital stock
which the, company had authority to issue from 100,000 shares of
capital stock (par $100) to 80,772 shares lof common stock (par $3:75).
Following the filing of such amendment, certificates for all of the
previously issued and outstanding shares of capital stock of the com¬
pany (exclusive of shares held in the (.reasury of the company) were
called in and exchanged for certificates bearing an appropriate legend
referring to such amendment.
One effect of this amendment was td
eliminate
12,785 shares of capital stock
previously reacquired' ah"d'
held in the company's treasury.
Another effect of the amendment
was to
transfer from capital to capital surplus $7,774,305, which was
less than the aggregate of amounts which previously had been trans¬
ferred to capital from earned surplus in connection with the pay¬
ment of stock dividends at various times between 1896 and 1922,,
In
addition to the capital surplus thus created, the company had,
at the time, over $167,000 of other capital surplus and also had earned
■surplus including undistributed
net earnings for the then current
period of approximately $6,500,000, although the company had, between
June 1, 1934 and May 31, 1942, made distributions to its stockholders
by way of cash dividends of more than $4,800,000, equivalent to sub¬
stantially all of its net earnings from operations during that period
and
had, in Dec.,
1942, paid out of* earnings a dividend of over
$484,000 to its then stockholders.
'
.
,
•
.
special meeting of stockholders held on May
incorporation of the company was further
of
other
things,
to
,
.
-
.
control of the company, Union
Qorp. came to the conclusion, as a result of its investiga¬
tion of the company and conferences with certain of the banks which
were contemplating extending
a substantial line of credit to the com¬
pany, that net working capital requirements of the company, in the
light of the new policies to be adopted, .should be approximately
$5,000,000,
On this basis the company and its subsidiaries had, ort
a
consolidated basis,-an' excess of working capital of approximately
$7,000,000, valuing inventories at market.
Total inventories on May
21, 1943, which were aba,ve normal for that season of the year, had
an
estimated
market value
(including unused transit hillings of
$286,000) approximately $1,200,000, in excess of their book cost, of
which
approximately
$750,000 (exclusive of transit billings)
was
applicable to wheat, other grains and beans.
At
the" time
of
purchase
its
of
Securities
On
May
1S43,
28,
a
cash
dividend
the
in
aggregate
amount
of
$7,000,000, at the rate of approximately $86.66 per share, was declared
the issued and outstanding 80,772 shares of the common stock (par
on
1943, to holders of record May 25, 1943. Cash
dividend- was derived to the extent of over $5,000,000
of marketable securities and to the extent of the,
from a bank borrowing of $2,000,000,' as the company did not
liquidate further grain and bean inventories at a profit in its
$3.75), payable May 29,
to
pay
such
the
from
investigation and
negotiation, Union Securities Corp. entered into an agreement with
John
L.
Dower
(then President of the company),
and such other
holders and
owners
of the capital stock of the company as might,
sub-'eouent
to
Feb.
24,
1943,
become ■ parties to the agreement by
depositing their a to k for the purpose with the escrow agent, by which
Union Securities Corp. agreed to purchase all shares of capital stock
(but not, less than 90% of o'l the outstanding shares) deposited with
such escrow agent by Mr. Dower and such other stockholders.
The
purchase price to be p"id fcr the capital stock of the company to be
purchased under the pgreomcnt was determined by taking the con¬
solidated fixed assets of the company for this purpose at $1,500,000,
On
shares
which
flour
feeds
be
warranties.
decedent's estate
a
for
'
that the aggregate consideration paid by Union Securi¬
so
may
Securities Corp.
pany,' effecting certain changes in its executive management, its
policies, and its! capital structure, and ultimately realizing a proiit
as
organized in 1885 by the late J. K. Mullen and
was
names
mercial
mission
Cincinnati Street Railway—Earnings—
Period End. Oct. 31—
Net
thereunder,
ties
survived
v
; V Y
V ; v
a?";'
aggregate number of shares so purchased by Union Securities
79,434 shares, constituting 93.38% of the then outstanding
capital stock of the company, and the aggregate consideration paid
by Union Securities Corp. for such shares was the sum of $13,776,850.
'Union Securities Corp. purchased the 73,464 shares of capital stock;
es
above stated, with the purpose of acquiring control of the com¬
rested in the
Company is
engaged directly and through subsidiaries in the business of manu¬
facturing and selling flour and feed and of buying and selling wheat,
other grains, beans, coal, potato bags, seeds and miscellaneous mer¬
chandise. Company is also engaged in the business of storing/grind¬
ing, sacking and cleaning beans, grains and other commodities for
farmers and others.
-A'/)" ■■
The company inaugurated its activities in Denver and nearby cities
in
northern Colorado.
At the present time, the company owns and
operates
21 flour mill properties, comprising flour mills with an
aggiegate rated daily production capacity of approximately 14,000
barrels of flour and mill elevators with an aggregate storage capacity
of over 5,600,000 bushels of grain; 141 grain elevator properties and
22 grain
warehouses with a total storage capacity of approximately
6,540,000 bushels of grain; and nine bean warehouses with a total
storage capacity of approximately 357,000 100 pound bags.
In addi¬
tion, the company owns 12 commercial feed , mills, 6 of which are
operated in conjunction with flour mills. The properties of the com¬
pany and its subsidiaries are located in the states of Colorado, Idaho,
Kansas, Missouri, Utah, California, Nebraska and Oregon..
Company merchandises its flour and related products under various
extent
Corp.—Interest—
holders
which
warranties
The
associates, and until May of 1943, control of the company
hands of the original founders, their heirs or associates.
wholesalers
Chilean Nitrate & Iodine Sales
the
liabilities of the company
provide Mr. Dower and
to
the company.'
:1
History and Business
'■
•
Supreihe Court affirmed Dec. 20 a decision dismissing a
petition by the company which sought, because of higher war-time
earnings,, to compel. the Interstate Commerce Commission to- reopen
proceedings leadltofe- to .reorganization of the road under the Bankruptcy
Act.
Action was taken by the court in an order which merely cited
recent Supreme Court decisions In railroad reorganization cases
in¬
volving a similar'question. ■■ v '
'
DisnissaLo'rthi* petition was ordered by a three-judge Federal court
in Chicago on' the1-ground that it lacked jurisdiction.
The Interstate
U.
The
of
option
the
undisclosed
in part
and
24, 1943.
In the agreement Mr. Dower, and each
.stockholders,
made
certain
representations and
the purchase and delivery of the stock
agreement of Feb.
depositing
of" the
Corp.
preferred
at
any
items
part of its holdings) at the price of $J71.50 per share.
Following this purchase, Union Securities Corp, and one other stock¬
holder were the beneficial owners of all the outstanding capital stock of
herein set forth into
common
stock of the company at .the conversion price (taking the
preferred stock at $50 per .share) of $13 per share of common stock *
if such convertion occurs on or before June 1, 1946, of $16 per share
of common stock if such conversion occurs after June 1, 1946, and on
or before June
1, 1949, of $19 per share of common stock if such con¬
version occurs after June 1, 1949, and on or before June 1, 1952, and of
$22 per share of common stock if such conversion occurs after June 1,
li)52, and on or before June 1, 1958, Such conversion price is subject
to
adjustment; in certain cases as outlined herein.
Freferred stock
dividends are cumulative from Sept. 1,
1943, and payable quarterly
on
March Y, June 1, Sept.
1 and Dec. 1.
The preferred stock is
redeemable in whole or in part at any time on 30 days' notice at
$55 per share plus accrued dividends.
Filed—
Federal
Preferred Stock
against
contingent
depositing stockholders with funds to cover legal, accounting and
other expenses payable by the selling stockholders.
The contingency
reserve is to be held and disposed of by the escrow agent under the
holders
stock is convertible until June 1, 1958 (ot, if there¬
tofore called for redemption, at any time prior to the date fixed for
The
redemption)
Milwaukee St. Paul
Chicago
''i'iA'■ A..;A;A\" A
••
the escrow agent in a contingency reserve which was
to
the agreement in part
to "protect Union
by
pursuant
Corp.
other
and
of
privately to the Mutual Life Insurance Co. and Metro¬
politan Insurance Co. at par and interest $3,000,000 15year 4% sinking fund debentures due Aug. 15, 1958.
'••'.
't
Singing 'funds
of heirs of
the
3,944
headed by Union Securi¬
_
27,280,340
shere
Per
•'
38,835,996
9,796,601
33,689,340
27,751,115
$3.55
operating
.
Net
Securities
of such
Dec. 20 offered 70,000 shares of $3 cumula¬
tive convertible preferred stock (no par) at $52.50 per
share and accumulated dividends from Dec. 1, 1943. The
issue has been oversubscribed.
Debentures Placed Privately—In addition To the pre¬
ferred stock now being offered the company is selling
;
taxes
railway
S
-
166,641,328
16,037,390 190,442,733
16,871,521'
retained
established
ties Corp. on
•'y-i'- aAV-
$
and excess
Fed., income
profits
'
fered—An underwriting group
:
'
company.
was
Elevator Co.—Preferred Stock Of-
Colorado Milling &
by
On May 22, 1943, pursuant to the agreement of Feb. 24, 1943, Union
Corp. purchased from 119 stockholders of the company an
Union
1943—11 Mos.—1942
1943—Month—1942
'•
Gross1'" A A-.*;.
Other
November and Year
for
Earnings
-
.
Period End. Nov. 30—
the
The
outstanding stock of the
approximately 120 persons, many
the original founders of
v-:-A■ Vv,y'
■'
record
associates
or
share.
the law levies the tax on
decision
heirs
of
owned
aggregate of 75,520 shares of capital stock. The price paid by Union
Securities Corp., for the 75,520 shares so purchased, was $173.47 per
A portion of such purchase price (amounting to $15 per share)
'
that'
maintained
Company
1
Securities
the taxes were illegally col¬
the "first domestic processing.""
Supreme
Court said it was confronted with
"an ambiguity of
phrase" in the statute and held that since it was the Congresssional
intent to promote the interests of domestic oil producers through the
tax it must rule in favor of the Government.
Justice Reed, who delivered the opinion, said that the decision in
effect holds that the term "first domestic processing" means the first
processing after passage of the tax.—V. 158, p. 2465.
„
*A.AV
seems
Date
■
"
1
issued and outstanding.
was
were
whom
of
that amount on the processing of certain foreign oils which it'
this country, but which had. already undergone an earlier
processing.'
of
company
■
:•■'
capital of the company on Feb. 24, 1943, consisted
of capital stock (par $100), of which 80,772 shares
12,783 shares
reacquired and held in the company's
were
:
'
lected since
j
retire.
to
(exclusive
time immediately
A,A T
by
103,000 shares
treasury)
.
company
audit
last
the
authorized
The
Court on Dec. 13 ruled against the company in its
refund of $2,532,543 in processing taxes.
The com¬
a
of
and Stone & Webster Engineering Corp.,
wished
of
I
Supreme
obtain
to
pany paid
owned in
,
protect,
to
length of
that
company.
for the period from May 31. 1940
independent accountants) to Feb. 28,employed for the pur¬
pose by Union Securities Corp. as provided in the agreement, proceeded
to
prepare
a
report on the fixed assets of the company.. Union
Securities Corp. continued
its own investigation of the business of
the company,
giving particular attention to the problems presented
by the necessity of obtaining new senior executive management to
replace Mr. Dower and other senior executives of the company who
A",
Fails to Obtain Refund—
The
security holders in
See also V. 158, p. 2464.
for
preceding entry into the service. y AA-'
the
the
of
accounts
date
1943,
Colgate-Palmolive-Peet Co.—To Pay Week's Bonus—
H.. Little, President, announced Dec, 15 that the directors had
to pay ..a week's salary to
all office and factory employees in
the employ of the company on Dec. 1, 1943, who are not on a reg¬
ular commission
or bonus plan
and who had worked the equivalent
of 12 months during the 18 months immediately preceding Dec. 1, 1943.
Mr.
Little
also
announced that the bonus would apply, for the
second year in succession, to all employees in the Armed Service of
the
the
(the
E.
and the elimination of the excess profits 'tax.
"
depression of the thirties the rock bottom earnings of the
& Ohio were more than $20,000,060.
Surely no one can
envision a state of affairs to come after this war worse than existed
then
We in Chesapeake & Ohio cannot conceive of any operating
situation in which we will be called upon for a single dillar of our
interest.
of
voted
During the
sion, and the public
.,
properties of
Upon the execution of the agreement of Feb. 24, 1943, and in accord¬
with the terms thereof, Haskins & Sells proceeded with an audit
Holdings— .A
1823.
2642,
158, p.
and
dition
,
ance
''
-A.
Disposal of Durham Public Service Co.
Chesapeake
It
and
by
system,
See
peace
;
preferred stock of Cities Service
the parent, Cities Service Co., and the
the Ozark Utilities Co., also owned by the
owned
Col., a distance of 50 miles.-
4
surplus.
of
.
announced on Dec. 20 a plan of reorganization involving
its merger With six operating subsidiaries.
The new concern would
be an integrated operating system and would provide utility service in
Arizona and New Mexico, with operatiohs extending as far as Trinidad,
Co.
% .,:V-vjV':•
..
Our application showed that the war, instead of being a bonanza to
Chesapeake & Ohio, as it was for most railroads, actually reduced, its
net earnings.
The Chesapeake & Ohio, therefore, unlike most, looks
forward to an improvement in its net earnings with the return of
war."
•
' ."A
A* A.
':,A. ..A • "■
of the contemplated transactions, Cities Service
would have no securities outstanding except com-'
mon
stock owned by the Cities Service Co. and the proposed bank
loan that would be secured by the company's holdings in its operating
subsidiaries.
\
'• '<
••
v.
VA;\(' ;
> AV A
The Federal Light & Traction Co., also a unit in the Cities Service
.
the
,
and the Community
Wyandotte County Gas Co.,
Co.
Light
transfer
for which management is responsible.
deferred maintenance is made as a reason
for denying the application.
Our officers in sworn testimony stated
that our deferred maintenance does not exceed $1,400,000, an amount
inconsequential in relation to our surplus.
Besides, it is the generally
accepted fact that Chesapeake & Ohio is maintained at as high a
standard as any railroad in America.
Should substantial deferred
maintenance develop, which we believe it will not, it has always been
the intention of the directors, to set up the necessary reserves from
current earnings, thus avoiding any drain upon surplus.
The Commission also states:
''Under present war conditions, which
produce greatly increased earnings, we are convinced that the mainte¬
nance
oi
a
substantial surplus is more than ever necessary ;.to provide
,v a
cushion to absorb the shocks of the transition.: period
alter
17,
parent concern.
Upon completion
Power & Light Co,
management in a matter
Prominent mention of
.
&
debentures
for
Co.
Traction
Power
the
Co.,
Gas
City
of the
substitution of its discretion for that
of Aug.
order
sentence"
$47,000,000 to retire the publicly-held securities.
The
plan Involves also exchange of certain securities owned by
Cities Service Power & Light Co. in the Gas Service Co., the Kansas
this company have been surprised
the decision of Division Four of the Inter¬
denying the proposed stock dividend
without sound reason.
We had hoped to complete this desirable read¬
justment of our capital this year, while we had in hand a Treasury
Department ruling exempting it from taxes.
We also wanted to move
along expeditiously fdr consolidation reasons.
■ '
:
•
Congress has given the Commission no jurisdiction over cash divi¬
dends.
Chesapeake & Ohio could, if so desired, distribute Its entire
$169,000,000 of surplus in the form of cash, or its equivalent, so long
as
it
remains uncapitalized.
Our proposal would have made $76,000 000 of our surplus a permanent part of capital, thus strengthening'our credit rather than impairing it. For the Commission to assert
control over the distribution of this surplus as a stock dividend,
indirectly, through the exercise of its authority over new security
and management of
The directors
and
and
subsidiaries
calling for tne company
to divest itself of its extensive utility holdings and limit its operations
to a single group of properties.
The pian for retirement of the company's senior securities proposes
to "take out" all public holders of securities by payment of the deben¬
ture Indebtedness and preferred stock in cash at par.. This - would
leave
the Cities Service Co.,
the parent concern, ■ as sole owner of
controlling securities interest in the sub-holding company.
Cities Service Power & Light currently has available $27,000,000 in
cash for retirement of the securities and has made arrangements to
borrow an additional $20,000,000 from banks la provide the necessary
"death
SEC's
the
pet additions thereto between May 31, 1940,' and Feb. 28, 1943,
by taking all other assets and liabilities of the company' and its.
at the values or amounts at which they should be com¬
puted as at Feb. 28, 1943, by independent accountants, on the basis
specified in the agreement.
•
'
•
■
•
<*,
At
the
time of making
the .agreement of Feb. 24,
1943, Union
Securities Corp.
estimated that the purchase price of 1000 of the
capital stock of the^ company, under the formula specified in such
agreement, would range between $12,000,000 and $15,000,000.
Union
Securities Corp. was. aware that the company had a substantial amount
of excess working capital, a large part of which was represented by
marketable securities having a market value of approximately $5,000,000.
Union
Securities Corp.
contemplated that, if it consummated
the purchase of control of the company, it would withdraw from the
company by way of a cash dividend or otherwise such amount as it
should
ultimately determine
to
be
excess
working capital.
Union
Securities Corp. estimated that the amount of such excess working
capital would be not less than $5,000,000, and might be as much as
$8,000,000, depending upon the condition of the company as disclosed
by the audit of Its accounts as of Feb. 28, 1943.
Union Securities Corp. had the right-to terminate the agreement of
Feb. 24, 1943. at any time prior to the: closing date by forfeiting the
sum of $50,000 which, it had deposited with the escrow agent under the
agreement,
m eiiect, therefore, Union Securities Corp. paid $50,000
for an option to purchase not less than 90%
of the capital stock of
the company, subject to further investigation of
the financial con¬
plus
announced
ment
10 cents
Exchange Commission.
At the same time the manage¬
that it had decided to drop its court appeal against
and
Securities
Year-End Dividend—^l;
Chemical Fund, Inc.—10-Cent
The
Monday,, December 27, 1943
& FINANCIAL CHRONICLE
THE COMMERCIAL
2576
balance
sale
wish
to
then
current
fiscal year.
•
dividend so declared, $5,544,132 was charged to
(being the full amount of the, earned surplus at May
29, 1943) and $455,868 was charged to capital surplus.
The share of
such total dividend received by Union Securities Corp. was $6,885,644.
On the same date, May 26, 1943, the board of directors authorized
the creation of an issue of $6,500,000 5 %
convertible debentures to
Of
the
earned
be
an
dated June
indenture
1,
to
1S43, to be due June 1, 1968, and to be issued-under
executed by the company and City Bank Farmers
be
trustee, and declared a dividend payable in
the rate of approximately $80.47. principal amount
Trust
at
aggregate
surplus
Co.,
such debentures
of such deben-
Volume
.tures
stock
of
the
of
the
issued
80,772
shares
outstanding
and
of
of
charged
such
a
stockholder
capital
to
the
of
amounts.
the holdings
adjust
to
'
.
$3 ,cum.- conv., pfd.
reserved
incorporation, author¬
and filed on May 24,
1943, also eliminated all rights therefore
existing of holders of capital stock of company to purchase or subscribe
for any shares of stock of the company of any class or any obliga¬
tions which the company may issue or sell that shall be convertible
into, or exchangable for, or entitle the holders thereof to subscribe
for or purchase,
any
shares of stock of the company of any class,
other than such right, if any, as the. board of directors, in its dis¬
cretion, may frpm time to, time determine.
Such amendment also made
other important changes in the amended certificate of incorporation
the
of
cretion,
■On
may
The
the
the
of
the
issued
proposed
and
debenture
authorized
outstanding 80,772
shares
of former
stock of
common
the
several
tificates
for
stockholders
old
the
for
for
Pursuant
stock
in
and
On
new
in
the
&
12,
After
such
beneficially
aggregating
Union
of
which
to
the
of
Securities
Co.,
&
Paul H.
Bosworth,
sold to
Corp.
Boettcher
various
amounts
who
Corp.
made
ts
the
to
its-
six
of
also
and
stock of
common
director of
a
investigation
of
directors
inducing
the
with
the
stock
common
Union
and
Securities
for
not
Weeks
Boettcher
stock
conditions.
is
the
become
to
and
the
date
of
such
or
each
the
to
ferred
manner
Union
as
at
Dec.
Securities
determine.
After
v
of
BhaiM
sales
four
stock
the
the
received
time
from
or
to
time
a
as
part
of
$6,394,000, of 5%
dividend to make a
debentures
such
;
redemption
of
5%
and
Convertible
Corp.
:
Shares
■
5,300
A.
Chapin Co.—v-i-
V,
'
1,000
(Inc.).
McDonald-Coolidge & Co.
Merrill Lyncht
Pierce,', \
early
Income
'
'
Gross'
sales,
lejss
turns, etc.
and
Storage,
Profit,
re-
in
the
of
such
should,
period
its
in
in
and
sole
■
*
•
Securities
Corp.
the
at
time
soon
appropriate
as
financial
and
tures
to
shares
*70,000
and
an
to
use
of
$3
and
sell
to
cumulative
the proceeds of
5%
standing
create
state¬
the sale
such
of
for
issues
to
sale
preferred
the
stock
to
public
(no
retire
the
par),
out¬
convertible
debentures of the company.
As a' result of
Union Securities Corp. and the other holders of
informally agreed to abandon such plans as they
such
debentures
5,300
2,000
1,000
had
for
offering the
Pursuant, to
an
5%
convertible
debentures
to
the
(no
par)
theretofore
amended,
and 750,000 shares'of
Funded
As of
the
stock
common
and
authorized
but
.unissued
issuance, and
debentures due
Aug.
15,
F»le
1958,
(par
$1).
1940
Other
351,696
(a)
shares
of
and
$3,000,000
(c)
the
15-year
stock
4%
concurrent
of
now
sinking
retirement
by
and
the
158,
15.
constructed
boilers.—V.
output
of
the
158, p.
electric
show
to
week
turbo-gener¬
2189.
of
energy
business
general
ended
subsidiaries
conditions
of
Dec.
16,
1943,
amounted to
for the corresponding week
with
;
:
Exchange
corporation
of
Securities
Commission
all
■
approved
holdings
Corp.,
in
of
the
2359.
p.
directors
of
10
per share
its
Dec.
direct
Atlanta
the
15
subsidiary,
Northern
Rail¬
.'■■
,,>/:
Dec.
on
cents
.
yV
Jan.
20
declared
the
semi-annual
regular
Jan.
15,
par
and a year-end extra dividend of 5 cents
value participating first preferred stock, both
to holders of record Dec. 31, 1943.
Similar
15, 1944,
distributions
extra
1942.—V.
divi¬
share
per
the $1
on
157, p.
made
were
Jan.
on
15,
and
1943,
on
8.
Consolidated Edison Co. of New York, Inc.—Output—
(electricity
for
13,521,362
on
Dec. 22 announced that system output of electricity
and purchased)
for the week ending Dec. 20.
232,400,000 kwh., compared with 171,800,000 kwh.
generated
amounting
to
the
corresponding week of 1942, an increase of 35.2%.
Local
of
electricity amounted to 223,600,000 kwh., compared
165,f00,000 kv/h. for the corresponding week of last year, an
increase of 35.5.%.—V. 158, p. 2466.
$21,494,350 $14,964,081 $16,564,051
distribution
14,388,909
1,171,680
1,233,033
1,153,715
17,338
12,868
15,545
$1,662,281
$1,340,344
$276,134
$987,915
119,974
130,609
114,022
■
-v.v'v■
*
Consolidated Electric &
profit-"'
$1,875,091
$1,460,318
26,439
13,313
deductions.-
$1,101,938
27,704
$406,744
j.
2,201
.
'
44,150
391,017
732,900
,
160,420
•*<>.
•>'
c
of
the
Federated
■
Utilities,
income-
~~3~294
~47~232
34,913
40,224
Inc.
(assumed
by
v'-'
•Nun'.)
•
all holders
dubjMarch I, 1957, of
Consolidated,.^Electric & Gas
notice
a
to
:
says:
trustee
above
220,000
-
Inc.—Offers to Pur¬
E. Devendorf, President, Dec. 14, in
5V2% first Hen collateral trust bonds,
"There
tax V
;■
./
Gas Co.,
chase Bonds—
Co.),
—V.
income
$860,839
$357,099 y- $873,591
$1,008,757
will
be
deposited
the
under
mentioned
solidated
in
trust
with
the
indenture
bonds,
the
expects
company
payment
The
158, p. 1528.
has
reduced
Bonds—
mortgage 4y2%
bonds, due 1980, to $9,400,000 from the $16,795,000 principal amount
outstanding in the hands of the public at the end of 1942, Ralph
Budd, President, 'said.,
y''•'
company
its
general
outstanding
1957.
cash
&
all
of
collateral
Electric
Colorado & Southern Ry.—-Reduces Mortgage
The
for
securities
the
¬
Harris
dated
of
sum
to
The
Co.
is
note
receive
Trust
& Savings Bank,
1, 1927, securing the
cash, which the Con¬
March
$221,170
the
on
in
Raleigh
compared
by
Fort
Corp.
as
-
Worth
$10,600,000
owns
;
Fort
with
&
the
owned
on
an
been, pledged, with the Reconstruction Finance
for its note.
No
interest is paid on these bonds
long as there is
&
affiliate of the C. & S.*
C. & S. general mortgage issue
Dec. 31, 1942.
The bonds owned
Rv.,
have
security
Colorado
City
of
par. value
$3,205,000
Worth
as
Denver
liquidation
default
no
Southern
Ry.
tension'mortgage 4Va %
the
on
also
issue,
note.
\
■
'
/
!
,
refunding
the
reduced
has
.
and
to
ex¬
from
$27,0.15,700 par value outstanding on Dec. 31, 1942.
r
Colorado, ,<& Southern Ry.
is controlled bv Chicago,
Burlington &
ownership
of
majority
a
of
its
will
be
delivered
the
said
to
terms
available
of
for
fts
of
reimburse
bonds
wholly
such
of
such
Consolidated
Federated
purchases
each "known
chases
trust
The corporation has
following:
Columbia
313,372
and
The
to
proposes
four
of
indebtedness
filed
f
to
the
it
;
make
five
with
declarations
oil
acquired
the
-
capital
and
from
SEC
for
the
Oil
&
$9,-
stock
whose
Gasoline
Corp.
proposed contribution will consist of forgiveness of income demand
of such
The
posed
subsidiaries
Preston
Oil
Gasoline
&
as
follows:
Co., $4,944,116;
Oil
contributions will
Co.,
The
Ohio
Fuel
Supply Co.,
$662,-
Viking Distributing Co., $44,812;
$3,662,026.
,
It
is
stated
that
the
pro¬
be used by these subsidiaries to. create capital
which, together with surplus already available,, will be utilized
principally for making reductions in property ^accounts in order to
restate them at."historical cost
(cost to system companies first acquir¬
surplus
Utilities,
bv
the
Inc.,
Inc.,
and
the
the
due
amount
trustee
purchase,
method
the
of
said
'the 'method
are'
it
Feb,
28,
of
SEC,
deposited
thereunder,
tbe
ab^'e
by
order
to
or
mentioned
entered
on
to
be
Inc., bonds of its intention
to
bonds
be
emploved,
its
intention
of
employed
at
least
advising
to
make
to make
bv
letter
such
pur¬
days
before
gives
of
seven
$221,-
commenced.
apply
to
proposes
to
to
up
the
Gas "Co.
above
hereby
mentioned
sum
notice
the
,pu'rohas'e; through brokers, in the over-the-counter market,
of such bonds, at1the lowest prices which it considers available and
subject to the conditions set forth in said order of the SEC.
Accrued
interest' on bonds so
acquired will be paid out of other funds of
Consolidated
aggregating
subsidiaries
Columbia
the
•
>
contributions
gasoline
•
regarding
1943.
presently pledged under
the note of Consolidated
indenture,
purchase
Utilities,
and
holder
and
purchases
170
6,
3, 1943, under the Public Utility Holding Company Act of 1935,
perml+ted Consolidated to apply such sum to the acquisition of
bonds, upon condition,
however, that Consolidated notify the
has
that
Subsid¬
Dec.
on
trustee.
said
the
"Accordirtglysh'Consolidated Electric &
stock
Columbia Gas & Electric Corp.—Plans Aid to
sold
are
Federated
.
QuincyvRR/ through
Co,
securing
holders of said Federated Utilities,
.
wholly owned by the RFC to $23,609,000
assets,
applied
be
Dec.
and
Gas
agreement
payable
be
"Under
will
property
pledged to secure the above mentioned bonds.
The
to reduce the principal amount of said note and
will
thus
its
deposit
Gas
Said
of
...
The
Virginian
and sale
preferred
hour
the
Transportation
dend
300,644
212,810
on
the
owned subsidiary, The Raleigh Gas Co., and which said subsidiary received
Net
416;
the issuance
of
Dec.
Co.
the
234,330,960
increase of 26,909,432 or 11.48%-
The company
18,903,584
*
kilowatts in
c1'/
12,806
income———
taxes'
ago.
140,000
Community Frosted Food Co.—Extra Dividend^—
:"'y.
1,337,649
•„
profits
years
of
with
doubtful.accts.
excess
notes
Capitalization
Aug. 31, 1943, but giving effect to
70,000
offered,- th>. the
fund
Debt
adopted
Co.
adjusted
for
compared
as
an
year-end
"
1941
"-V.'-v
iary Oil Companies—
public.
amendment of the certificate
of incorporation of the
by unanimous action of
all the stockholders of the company on Aug. 18,
1943, and filed the
following day,, the total number of shares of capital stock which the'
company is authorized
to issue was changed to 820,000 shares con¬
sisting of 70,000 shares of $3 cumulative convertible preferred stock
as
company,
35
group
on
Manufacturing
Wilcox
kilowatt
Securities
The
1,000
determination
such
the
31
May
''v./;-
568,145
$29,177,293
profitSu.taxes——w_—
Fed,!
Issue of 4%
underwriters
convertible
of
Increase
Edison
-
Fed. normal, surtax, and
declared value excess
it
for the companv to create and sell-to such insurance
issue of $3,000,000 of 15-year 4% sinking fund deben¬
load
an
George
Income
,
..
.
say:
Purchase Approved—
82,721';
income
Gross
in
an
1942,
The
admin.
operating
Other
■'
beneficially 98,890
$2,984,000 of the 5%'.
and
for
Net
owned
company
private' purchase for investment of
company
in
\
••
26,164,556
and
expenses
Prov,
discretion,
debentures
company, and of conferences with banking institutions which
had agreed to extend substantial open lines of credit to the company
principally to meet its seasonal requirements for the purchase' of in¬
ventories, Union Securities Corp., in agreement with the management
of the company, determined that it was advisable in the interest of
the
1,000
Loeb & Co.___5,300
1942
586,116
.
of-sales-,
gen.
.
to
on
requirements
capacity, it could have carried Common¬
peak
represents
&
served
way.—V.
■
.:
Total.j*w---'—
Cost
Sell.,
goes
full
entire
corporation
261,240,392
such
-'V';."
Corp.
weekly
this
territory
1943,
the
companies
1,000
s
'
in
Commonwealth & Southern Corp.—Weekly Output—
The
of
$28,508,456 $20,926,205 $14,612,384 $16,263,407
futures
contracts closed.——
time
'-i
•
—
grain
Vice-Presidents
'
grinding,- etc.-
on
Assistant
and
1,000
Ended
elected
were
further
At
Co.'s
Babcock
purchase
Years
G. Lynch, formerly Assistant ViceVice-Presidents, effective Jan. 1, John-
1,928,000 kilowatts registered
3,400
Account,
1
Eugene
elected
Allis-Chalmers
and
2,200
1943
such
offering.
Subsequently, in or about the
of July, 1943, and as a result of negotiations with certain
companies, who were interested by Union Securities Corp.
part
insurance
gate
date of
payable
Consolidated
and
been
machine
new
•___—
Kuhn,
,
suggestions for developing and
in Ohio, Columbia's appli¬
supplies
of companies, 7,000 kilo¬
being required for station auxiliary use,
This brings our aggre¬
system net capacity to 2,254,000 kilowatts, with a peak load to
watts
1,500
—
1,500
Board
gas
2465.
p.
capacity of the Commonwealth
Shares
■
Harold E. Wood & Co.—
Beane—**
&
was
be- included
the
Blodget, Inc.—-——Sullivan & Co._._
VanAlstyne, Noel & Co.—
.
&
rights and
Ashland,
Ohio,
the
in
Fisk
Edison
The
Co..
5,300
2,000
,
natural
city of 300.000.
a
ator
Stone, & Webster and
.
3,400
Hornblower & Weeks——
Fenner
of
wealth
1,500
5,300
wells
counties,
$86,00,0 in
generator, which, feeds energy into the power pool
embracing the territories served by Commonwealth Edison Co., Public
Service Co. bf Northern Illinois, Western United Gas & Electric Co.
and
Illinois Northern Utilities Co., could supply the electrical
Sidlo,* Simons, Roberts &
900
—
Chapman & Co;
all
as
Ohio's
Wayne
of
Fuel <?as Co.,
to Eart Ohio 74
growing power demands of the hundreds of war produc¬
the Chicago area, the company on Dec. 20 placed in
in
new
E. H. Rollins & Sons. Inc.
v-—3,400
well
as
East
and
-
The
Reynolds & Co
Republic Co.
Ohio,
of
exchange
an
Ohio
transfer
giant
a
Christensen, Inc.—
Piper,
Jaffray
&
Hopwood-.:
5,300
authorize
would
new 147,000-kilowatt turbo-generator at its Fisk sta¬
tion, Charles Y. Freeman, Chairman, has announced.
Completed after
more
than two
years of planning and construction, the machine is
the largest steam generating unit to be built in this
country since the
beginning of the war.
'
'
date
Newhard, Cook & Co
Peters, Writer &
\
" :
1.000
to
President, announced on Dec. 15. Both men joined the
wholly owned subsidiary of the Commercial Investment
the
plants
service
v..
Name—
and
Commonwealth Edison Co.—Completes New Unit—
purchased
3,400
Harris, Hall & Cq.
contemplated by Union Securities Corp, that the 5'in
convertible debentures sold to Paul H. Davis & Co., Hornblower &
Weeks, Boettcher & Co., and Bosworth, Chanute, Loughridge & Co.,
would
they
The Milwaukee Co.——
/
Production
158,
Koechlein
have
To meet
tion
.
6,000
Parwell,
1943, could be completed and certified and the necessary
registration statement under the Securities. Act of 1933, as amended)
with respect to such debentures, could be prepared, filed and become
It
redemption
which
all
to
subsidiary,
County;
Medina
Corp., in 1929 and
1935.• -V. 128, p. 1736.
pre¬
preferred stock
which each has agreed to purchase are as follows;
V,'
J.
corporation, a
to
to
the
to
.
of
War
adequate
fritz' Achelis,
permit the
realize in cash
part,
above
interest
underwriters
several
Paul H. Davis & Co.
.-
in
SEC
owned
for
Knox,
Trust
dividend
a
amounts
Oil, Columbia Gas
that amount estab¬
in
Commercial Factors Corp.—New Vice-Presidents—
convertible
as
the
Ohio Fuel
Stark
exchange
with
Presidents,
The
be,
in
wells
in
stated.—V.
Walter
the
the
Corp.—
(Iim.)
Don
also
debentures
.
.
.
5%
of
received
Underwriters
the
Securities
Central
31,
effective,
will
accrued
ments of the company as at the end of the company's .fiscal year ended
May
of
■'\
banking firms named
Loughridge & Co.——
.
it
above
Columbia
reserve
upon
285,000
proceeds of
$2,984,000
which
,,
Bosworth, Chanute,
convertible debentures from the com¬
public offering of all or a substantial
as
of
the
on
and
"
,
Ames, Emerich & Co., Inc,
Boettcher and Co.—
1943, the purchaser would,
Securities Corp., deliver or cause)
during
Union
the
pany
cation
2,130,000
' 710,000
Allyn and Co., Inc.
C.
A.
date
owns
■
:
amount
Name—
Union
v
wholly
The announcement
the
i
-
sinking fund debentures.
still
Securities
-:
the
such
.terms
it
amount
names
with
the
at
from
existing
asked
Its
Holmes,
accordance
285,000
redeemed
to'
compressor
station
in
Wayne County,
cash
and
1,648,647 m.c.f. of natural gas to be delivered during off-peak periods.
The exchange
would
improve location
and
delivery capacity in
$2,984,000
-
—
has
between
gas
Union
98.38%
■
be
redemption
$3,410,000
investmeht
same
4%
investment
Union
The
for
Hornblower
y-Vv'
of
of
the
Shreve
such
redemption will be, in part, to permit Union
to realize in cash the principal amount of and accrued
of
the
to
corporation
equipment,
Coshocton,
31,
Securities
of
date
record
received
East Ohio Gas Co,
1943,
26,
date.
,,
which
,
:
to
for
Co.,
to
the
on
•
Intention
that
subsidiaries
to
natural
the
declared
May
on
of
as
*
are
the
Corp.
principal
from
of
distribution-of
upon
debentures.
the
was
the
on
dividend
a
company
stock
Co.
and
other
the
with
warranted
and
&
any
be
any
Corp.
-
Union
common
convertible
Tt';
■'■
•
such
owner
Weeks
the company.
The effect of such
agreemenfs covering the sale of
made by Union Securities
held
company
of the
stock
common
Chanute, Loughbridge &
effect
interest
in
purchaser
Each
&
from
cluding any stock or other securities Into which such common stock
might be subsequently reclassified) at any and all meetings of the
the
in payment of
such
the
assets
charge $12,000,000
properties
and
by
of
current
net
and the
.v.;'':11'y.■:/'/>/
:
and
debentures
were
company
•
stock
The
upon the written- request of Union
to be delivered to it a proxy authorizing Union Securities Corp., or its
to -vote the shares of the common stock so purchased (in¬
of
1943,
common
the
as
debentures
Securities
(nominee,
stockholders
4,
of
issued
were
31.
prior
Co., $1,734,335; Preston Oil
Viking Distributing Co., $128,188; Virginian Gasoline
$3,518,173; Union Gasoline & Oil Co., $1,558,169.
making adjustments to record the investments in the stocks
maintaining
Scurities Corp.__„.-_*__
These
the
Corp.
sales
'•.
Bosworth,
company
that,
agreed
purchase
Corp.,
Boettcher
com¬
associated
made
was
Davis
that
would
of
the
of
1945.
represented
H.
agreed
partners
by
31,
purchase
Paul
Co.
stock
common
the purchaser
Corp.
from
&
York
New
Paul H. Davis & Co
continuing interest in the
employees of the company,
a
to. May
and
June
holders
Hornblower
customer
a
Such
of
employees
or
company
that
their
to
In
of
shares
the
of
Corp,
distribution^
and
common
prior
company
of
Co.
Dec,
period
Requests SEC Allow Ohio Properties Swap—-
common
stock,
received
$6,394,000
of
5%
convertible
Subsequent to June 4, 1943, Union Securities Corp, sold
aggregate of $3,410,000 of such debentures to
the- four
other
Union
an
the
of
as
pany; ;
aggregate of 6,000 of such shares, Union Securities
.Corp. retained the right to repurchase such shares at $4 per share
in the event the purchaser should voluntarily terminate his employ¬
ment
Insurance
at
as
.
the
Co.,
The
Life Insurance Cov, at the' principal amount thereof plus
interest.
Company estimates that the net proceeds to be
by it from the sale of the $3,000,000 4% sinking fund deben¬
after deducting the expenses to be Incurred in connection with
outstanding
the
and
1943;
Securities
company.
purchasers
such
company or to provide them with
business.
In the. case of three officers
purchased
Union
to
the
in
shares,
30,000
the
who
entitled
been
who
officers,
of
have
purchased
rendered services
who
with
purpose
otherwise
persons,
company
connection
the
would
he
such
of
Mutual Life
surplus
to
lished for its investment in Columbia Oil,
$939,904 to Its surplus prior
Jan. l, 1938, $6,616,451 to its special
capital surplus, .and credit
$2,429,281 to its earned surplus since Dec. 31, 1937. The latter amount
represents the surplus earned since that date by Columbia Oil.
banking firms, at principal amount plus accrued interest
to the date of purchase.
Accordingly, the following firms and cor¬
porations, all of which are included among the underwriters of the
preferred stock now offered, hold the amounts
set
opposite their
respective names below of the 5% convertible debentures of the com¬
pany and who accepted such shares at the price of $2 per share in
lieu of an equal amount of cash salary from Union Securities Corp.
other
The
In
applicable
to
by the company, authorizing the trustee
to effect such redemption,
4% 'Sinking fund debentures are to be sold
15-year
to
company
record
an
77,000
Securities
of
debentures.
.
officer
funds
are
aggregate $19,036,891.
The subsidiaries will charge
this amount to surplus prior to Jan. 1, 1938, and the
to the capital surplus being created.
indebtedness
will
outstanding
shares, at the same price of $2 per
share, to eight other persons.
Six of such persons, who purchased an
aggregate of 37,000 shares, are officers, directors or employees of the
company ;
one of
such persons, who acquired 10,000 shares, is an
company,
treasury
which
$2,965,883;
Oil
In
irrevocable
$3,000,000
the
Securities
$2,130,000, $710,000, $285,000 and $285,000,
the sale of
all steps necessary
to
amount, respectively, of the 5% convertible debentures of
which it had received as a dividend as above stated.
Such sale was made in each case at principal amount, plus accrued
interest to date of purchase.
Each purchaser of the debentures agreed
with Union Securities Corp. that none of the debentures, or any shares
of the common stock into which the debentures might be converted,
would be publicly offered for sale by it until a registration statement
with, respect thereto
shall have been filed with the Securities and
Exchange Commission, under the Securities Act of 1933, as amended,
and shall have become effective, or unless Union Securities Corp. shall
have been advised by its counsel that registration thereof under said
Act is not required.
On or about the same date, Union Securities Corp. sold to Paul H.
Davis & Co., Hornblower & Weeks, Boettcher & Co., and the principal
stockholder of Bosworth, Chanute, Loughridge & Co., 77,100, 25,000,
10,000 and
10,000 shares, respectively, of the common stock of the
company, for a consideration of $2 per share.
Company is advised
that Paul H. Davis & Co., Hornblower & Weeks and Boettcher & Co.
subsequently distributed to ;their respective partners the shares of com¬
mon stock'Which such firms had purchased from Union Securities Corp,
At or about the same time, or subsequently thereto, Union Securities
confirmed
of
1937,
of
record
outstanding the amount necessary so
debentures, and will deliver to the
are
convertible
company
company
Corp.
5%
the then
principal
the
debentures
said
deficit
a
$9,313,371
and
investment
Weeks,
&
31,
of
&
amount
necessary
existing
depletion
and
retirement
taxes, and In the case of Viking
accrued
Columbia
Gas
proposes to
record
Its investment in
the
common
stocks of the subsidiaries at the adjusted
underlying book value thereof
at Dec.
31, 1937, of $5,693,120, and in the indebtedness of the sub¬
sidiaries at the reduced amount of
$4,211,628. a total of $9,904,749
which is shown by companies: Ohio Fuel
of Proceeds
issue; will be approximately $2,982,500.
The
$6,500,000 of 5'/<•' convertible debentures
297,990
Union
1943,
Chanute, Loughridge & Co.,
be
pre¬
such
amend¬
owned
the
(b)
powers,
tures,
stock.
Hornblower
Co.,
above.
the
accrued
for
Corp.
will
of
-
received
cer¬
stated
ratio
Securities
common
June
about
or
exchange
conversion
Metropolitan
authorization,
exchange Union
the
of
Davis
such
stock
common
new
ment
shaies
to
and
which said
The
certificates for the new
certificates for all of the
previously issued and outstanding shares of common stock of the
companywere, exchanged by all of the stockholders for certificates
stock.
debentures,
redeem
by
the
outstanding
the
of
cancellation
stock
common
the
.'proceeds to be received bv the, company from the sale of
stock, together with (a) the net proceeds to be received
from the sale of the $3,000,000 15-year 4%
sinking
to take
par value of $3.75 per share, in the ratio of 3%-shares of the new
stock for each 1 share of the former stock outstanding, upon surrender
by
issuance on
•
trustee
and the officers of the
shares in lieu of the then
302,8J5
for
adjustments,
$9,723,520
company,, are to be
to
Indenture,
issue
to
unissued
but
offered.
of
eliminating
balance
company
under
provide
were
authorized
company
302,895 shs.
used to redeem, not more than 35 days subse¬
to the receipt of such net proceeds, at the principal amount
plus accrued interest, the presently outstanding $6,500,000 5 %'
convertible debentures
due
June
1,
1968.
Prior to or concurrently
with the delivery.of and payment for the shares of preferred stock, the
company will deposit
in trust with the trustee under the indenture
.
company
♦750,000 shs.
Dec.
70,000 shs.
thereof
that the total number of shares of capital stock
of the company which the company shall have authority to issue is
750,000 shares of common stock (par $1).
Of the 750,000 shares of
/authorized new common stock 390)000 shares were reserved for .issuance
on
conversion of the 5%
convertible debentures, as required by the
terms
70,000 shs.
—...
the
increasing
for
.
These
$3,000,000
quent
28, 1S43, pursuant to further unanimous authorization
given by all the stockholders of the company, the certificate of_ In¬
corporation' of the company,, as theretofoi'e
amended, was further
to
net
the
fund
May
amended
of
$3,000,000
(no par)-*-—
now
property),"
adjustments
1937.
*_
$1)
(par
the
reserves,
Distributing Co.,
preferred
by
[.>.
/
ing
due
—
25 77
Co.,
of
its stockholders and directors,
pany,
.
debentures,
Application
affecting the period of existence of the company
perpetual) and the, management of the business
the affairs, of the company, including provisions
from time to time determine. Such amendment also made
conduct
1968,
follows:
as
Aug. 31, 1943, the company had Indebtedness payable to banks,
maturing within one year,.in the aggregate amount of $4,750,000,'and
on Dec.
15, 1943, such indebtedness amounted to $8,750,000.
made
was
the
was
On
company
(which
and
by
ferred stock
ized
fund
stock
shares
♦269,231
'■
1
stock
Common
amendment of the amended certificate of
The
sinking
15,. 1958___,
Aug.
each to round
of
4%
15-year
.
company
convertible debentures due June 1,
capitalization of the company
Authorized Outstanding
surplus.
Union Securities Corp.'s share of
debenture dividend was $6,394,000, > principal amount, after sale
fractional
interest of
$740.75
principal amount .to the other
■was
$6,500,000 outstanding .5%
the funded debt and
of the par value of $3.75 per share,
holders of record on May 26, 1943.
The
dividend in debentures, namely, $6,500,000,
company
4, 1943, to
amount of such
June
principal
of
share
each
on
common
payable
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
158
"No
Electric
&
Gas
purchases of bonds
22, 1943."
Co.
will
be
made
by
Consolidated as aforesaid
until Dec.
As
of
May
mentioned
31,
bonds
1943, a total amount of
was
outstanding with the
$4.9°0,500 of
public.
Such
the
above
bonds
are
at approximately par.
The estimated retirement of
approximately $218,000 principal amount of such bonds would result
in an annual interest saving to Consolidated approximating $11,990.
presently
Since
selling
the filing
declaration
Illinois
under
the
of the present declarations, Consolidated has filed
regarding
Electric
&
the
Gas
Federated
proposed
Co.,
bond
all
sale
owned
indenture.
of
bv
common
stock
Consolidated
Consolidated
a
of
Central
and
pledged
anticipates
that
the
In
value, payable Dec. 30 to holders of record Dec. 20. , This com¬
with 15 cents paid on Oct. 1, last, and 10 cents each on April 1
1943, and on April 1, July 1, Oct. 1 and Dec. 30, 1942. Ar¬
rearages as at Oct. 1, 1943, amounted to $4.20 per , share.—V. 158, p.
par
all of
than sufficient to retire
proceeds of such sale will be more
the Federated bonds.
.
Islands Gas Deal—
on
1130.
■'
'
stock
■•••__ ''
_
proposal of Consolidated Electric & Gas Co. and its subsidiary,
Gas & Electric Co., to carry out an agreement entered into
■with International General Electric Co., Inc., to satisfy a secured 6%
cash
of
face
in
the
in
note
amount
the
been
has
amount,
face
p
subject
2466," the paragrap referring to
the dividend being increased on the $1 cumulative class A stock should
have been published
under the heading "Crown Cork International
Corp., which see below,—V. 158, p. 2466, 2360. '' '
/ ' v
$2,500,000 through the payment
of $2,125,000, which represents 85\% of the
set for hearing on Dec, 29 by the SEC.
amount of
"Chronicle" of Dec.
the
In
20,
158,
2359.
p.
1
,
100,000
shares
capital
of
record, it was said.
1,946 stockholders of
There are
Makes Offer to
Crown Cork & Seal Co., Inc.—Correction—
page
Buy Valley Stock-
to the approval of the ICC,
to
the, Lackawanna has.offered
purchase the capital stock of the Valley RR. at $79 a share, provided
the holders of 90%
of such stock, exclusive of that owned by the
accept the offer within a prescribed time limit.
i\
Valley RR. is that portion of the Lackawanna System extendfrom the Pennsylvania-New . York State line 11.3 miles to Binghamton, N. Y.
It is .operated under/-lease.- by the Lackawanna for a
rental of 5% annually on the capital stock and interest on its bonds.The road has outstanding 7,500 capital
shares <par $100) each, of
Lackawanna,
v
V.
<$100 par).
,
The
Islands
demand
taking over the New York properties, the D..L. & W. said it also
acquire the New York Lackawanna Railway of Pennsylvania,
owned by the New York company.
The New .York company has outstanding
now
and July 1,
Hearing Set
Monday, December 27, 1943
v
would
pares
1
\
CHRONICLE
THE COMMERCIAL & FINANCIAL
2578
•
The
ing
Consolidated
Crown Drug- Co.—New Director—
Mich.—Secondary
Monroe,
Co.,
Paper
share.
(par $10) at $15% per
The
largest
the
is
which
company
V
.
been elected
board manufacturer in
paper
share
annually:
and
Talk
"The
but
a
Chairman,
Girdler,
M.
Tom
"Plane
is
Interest
payable
«'»
-
under
made
increase
airplanes,
one-half
times;
agent
In
year.
1942,
158,
/.//"/ ■/■ ''■?
1634.
p.
Residuals
:
1942
$5,536,848
1,418,500
1,471,009
1,678,039
bondholders,
%
435,128
358,448
349,401
revenue--
3,812
11,370
11,577
$5,285,787
1,685,445
290,093
9,793
earnings.
$8,275,780
$7,805,344
$7,575,865
$7,271,118
produced——
Merchandise
sales
Miscellaneous
only
Total
gross
said
in
when
earned.
'
will
be
a
notice
second
the
to
6,214,710
5,780,567
5,540,089
5,334,324
$2,061,070
$2,024,777
$2,035,776
$1,936,793
Interest
earnings—/A,
74,444
,
'/,
,
81.584
78,658
.
/A, 84,087
.
•Transfer
fund
res.
;
$2,020,880
$2,302,955
1,164,416
from
$2,106,361 * $2,114,434
196,594 A./ 241,459
$2,306,890
income.—
net
1,164,4i6
$2,355,893
1,237,192
$2,558,227
1,455,520
$1,138,539
$1,118,700
$1,102,707
$2,135,514
171,376
.
.
mortgage
...
.
outstanding
second
mortgage; bonds
A; ^Z
...
:y:
;^.v,
v
/
,
•
;
Dresser Manufacturing Co.—1043 Income Greater— v
.
.
are
,
,
owned or hereafter acquired,
annual
and taxes
from year to year.
\v ■, v
1942. business -was also reported.: ,' The settlement,..subject/.to final/Price
The income bonds have paid an average of a Uttle,:lessv.than 4%
Adjustment Board approvaf reduces/consolidated net/income applied
annually over the 12 years of their existence.//This new bond issue /' able "to 1942 of $1,728,517 after taxes by approximately $130,000,'or
will increase the bondholder's income by 25% and its interest rate is / 39
cents per share.
Provision, for this refund. to the 'Government
cumulative.
:v-?:"Q %;//.-//
will be charged to earned surplus since it applies to a prior-year'8
When the company was formed in 1931, a first mortgage was issued
operations.
'"-'s'v
(
in the sum of $179,000 and a second mortgage hi?the^^'sum *>f ^^$912,000.' 5 f. Mr. Mallon also announced declaration of'a dividend of $1, per share
These two-mortgages totaled $1,091,000%//Under-ihisfexchahge• plan .'.-payable Dec. '21 "toShareholders of refcord'Dec.^ll.
This payment- is
there will be outstanding "but one nwrtgage/aggregatih^:$862,800%y'.:';i'((V-'-/
at the same-rate as the dividend "paid' last JUhe 18, but'is an increase
M Our
plant eost over $2,000,000; is now carried-tm/'our>boolcs at ''Vever the two payments of 75 cents "each during 1942'.—V% 158, p. 2251.
$1,300,000 ($700,000 has been written off /for- depreciation -during the
past 12 years!. >;■ The net working capital of/;the company. will; be;: ;
Duke Power Co.—Acquisition,. Etc.—•,
\
,.%•
/upwards -of $600,000. /% :
e
or such later
Durh»m p'Mic Sc"lce
P.This plan will be declared, effective as «{
now
for
provide
537,347
an
depreciation
..
Total
•
Dividends
.
jtiot.t due, untit.: ,v:; Consolidated net income after? taxes and adjustment for renegotia¬
te Fall of 1946, the directors feel it wise ,to arrange, this^. exchange V,. tion of company and subsidiaries for the fiscal year ended Oct. 31v
now
thus giving opportunity to devote their/whole,-time and .energy.-; 1943, was !6% greater than the,corresponding 1942 net income, H. N.
to putting into effect our post-war plans, etcy -which includesvprob-X'
Mallon; -President,
reports
in
a
quarterly letter mailed to stocklems relating to reconversion and production;: and marketing; of im--y holders.
1
portant new lines of floor coverings.
/-"■-These
1943 estimated earnings are on
the basis of preliminary
This proposal involves (a) the payment of-the entire present first {
figures subject to audit, and are alko subject to change from conmortgage now a first lien on the fixed assets of..your company (the
tract- 'renegotiation.^^
"v.V-i
^ V-..y
^
amount due on this mortgage is $65,900M and
(bli the issue of first ZNet sales for the fiscal year 1943 ' totaled/upwards of double the
mortgage bonds in the amount of $862,800i; (fhisc being>thej; exact .4:; 1942 sales volume, of $28;796,687.-:*'K'A v'^;^j
amount now remaining due on the second -mortgage);,"Tn ;.exchange for,
•yinyview ^of the substantial -increase ? in Our 1943 earnings," Mr,
second mortgage income bonds, par for par.v'y.y-';::.-1-,v Mallon
said,., "the directors have considered it advisable that .1943
This first mortgage will be a new first (closed), mortgage 5% bond; opeiations
reflect the effect on earnings of renegotiation./ Certain
due in
15 years
(Jan. 1, 1959), carrying/accrual -of ^ interest/ from V: adjustments for this factor bring about a total net reduction in earning^
Jan.. 1,
1944, and will be a lien on alt.i the^fixedv.property/of vthe-t 'after/taxes for 1943 of $700,000,/equivalen-t-to $2.09 per •'share.v After
the
company
Total
:
'
•
Net oper. income.—.
%,
'
.
expenses and taxes.—
'
"f.®
piefer-red stoekholders^.of
.°.®s'
as yet pfesented their old ibreferied stock _of that corporation
(ot-bids follows^ the denial on Dec. 16 by .the.-SEC of
grant, Ogden Corp. exemption from the-ompetitiys
V bidding requirements of the Commission.—V. 15d, p.; 1130, . r
' -
-..'n',
••
in
part:
which
interest V;"The re^es.t
the Penn-;,,^ Request to
at 105,.and
callable
the, purchase
of
in the' hands of the ■ public"and
Ogden' Corp.
Included'in the 146,606 out¬
are
1,218 shares issuable to the remaining
o'clock noon, EWT, on Jan. 3.
—
refund up to five mills of
for
for
^ exchange.-Huch proposals are to be presented to Ogden Corp at
Room No. 510, One. Exchange Place, Jersey City 2, N. J., before 12
The exchange^
trustee of the
.
Del.,
Wilmington,
proposals
it out of the total " authorized
146,606
shares are ^outstanding,
by
outstanding
owned by
shares, there
bonds maturing Aug. 21, 1946,
standing
offered ,ip exchange, par-for,.?.sn»ret
;
mortgage bonds
being
being
are
written
whole, of the common stock'(no par)
a
of
shares,
300,000
sealed
as
Corp." owned
,
/»•';/.
Prod., distrib. and admin.
of
Electric
55,029 -shares
.
'
bonds
2360.
p.
inviting
Is
91,577'shares,
Gas &
Derby
91,577
years
Co.,
Corp.
it of
from
—
15-year bonds-carrying...5%: interest—old
The second mortgage bonds: carry
not
iii
Trust
sylvania personal property tax.
Walter J. Binder, President,
'''1940
1941
$5,964,516
;
"'?y
issup
contain a-provision
While
1943
$6,418,340
sales
1943,
y
'/•'
Consumers Gas Co, of Toronto—Earnings—
Years End. Sept. 30—
Gas
interest
bond
4,
1944.
1,
Wilmlfngton
first
new
will
and
Dec.
mortgage
Jan.
morfffaep
The
for ex¬
.
$2,088,991.—v.- 158,
Ogden
RoyahBank of
The
of
Inc.—Exchange
income
mortgage
(closed)
from
the
is
sprond
made
we
of planes.—V.
pounds
past
first
non-cumulative
made
delivered around 53,000,000 pounds of
In 1943, we multiplied this almost -two
a
total of well over 126,000 million
Consolidated Vultee
including spares.,
ample,
this
during
second
proposal dated
a
new
cumulative
♦
•
office
at
issue
Delaware Floor Products,
in the January issue of
summary
a
bonds
the
on
Canada, New York City.—V. 158, p. 2466.
public,
comparison of the weight of production is significant of the
tremendous
and
in
Magazine", issued by the company, says:
of planes we are building cannot be
J
,
In addition, it has made advances to the Valley
v
par,
number
r
■
$443,000'1st and refunding 5%
.
Shows
Corp.—Output
the
.
77;'7/v'
■
of
all
•
31, 1942, amounted to $13,930,000,
Aircraft
Vultee
Consolidated
RR.
...
shares.
293
owns
owns
transitory provision, of the Constitution
dpnnsit. " nnrf
i&Stl&nee
deposit, and tlir- nUir\ for)' thev issuance
the plan for?
a
fnr*
for
nrnneriurp
procedure
the
Holders, of
Sharp Gain—
Lackawanna
of: the Valley RR.
1
.
the Lackawanna
The
%
taxes and depreciation, $2,600,000.
Detroit Stock Exchange.—V, 157, p. 519.
income -before
operating
The shares are listed on the
which
•/'
..of
%/'?/;; vr.1 /A/A'" <
*{}/' /'"'A
of<<■/Tiola nrora Power & T lurlif Cjii'-T
Delaware lPrtMrAi* Xr Light Co*—Listing of BOIldS—'
of
lefing' Qf Bonds/
participation certificates, payments will be made: on Jan./1,..1944, ofy
The New York Stock Exchange has authorized the'. listing of
$5 per $1,000 bond on surrender of the Jan. 1, 1944, coupon from the
7
'$15;000,000. first - mortgage and collateral trust bonds, 3% series. due
first mortgage 5%
50-year gold bonds, due 1952; and.of . $37 IS* "per
"
1973, due Oct. 1, 1973.—V.; 158, p. 1824. /-.V/.../^; . .,
' ./I:.
$1,000 deposit receipt for said bonds ($4.56.-,ipterest{; payment ,'..$15.05
Airiofinn "'
r.'3,
../,
' ,w,:',V'V
'
y "•
'■"/»' i'\"
principal payment and $17.55 cash payment in lieu of participation
Derby Gas & Electric Corp.—Purchase of Common
certificates for 1943, amounting to $18.67 less^vcuban"tax of $1.12 : to Z
be withheld at source) to holders of record at /the close'; of 1 "business
Stock—
: A ':;'••
on
Dec. 21,
1943.*
— ■>
V'■
'
accordance .with
ihn
Cuba,
••
the year ended Dec.
sales for
Net
ltK.—interest—
t/UDa
In
box
folding
containers,
and cylinder test liners.
shipping
'
TnWt
r«„i—
produces folding
Michigan,
of
State
-A'■A/'////;
:
p. 2360.
:
cartons, corrugated and solid
board, automobile panel board
/•"
*
•• • '"
Plants of
the company are located
in Monroe and River Rouge,
Mich., and Aurora,' 111.,' with a dally capacity of approximately 800
tons of paper board and 450 tons of paper boxes.
A large percentage
of current production- is being allocated to war industry packaging.
Normally the principal outlets for the company's output are the food
packing, brewing and automotive industries.
<"•
(i • 1
Capitalization consists of 750,000 shares of common stock, par $10,
on
which regular dividends are being
paid at the rate of $1 per
the
fibre
;;///;7:;
Harry Darby, President of the Darby Corp.^of Kansas City, Kan., has
a director to succeed J. Gates Williams,1 resigned.—V. 158,
Offering—Eastman, Dillon & Co., on Dec. 17 made a sec¬
ondary distribution of 35,275 shares of common stock
Plant and buildings, re¬
.
'
fund—.—..
newal
Bhares
of
$1,142,474
out-
stock
..
.<•
.
.v
..
.
buildings/< renewal fund...
plant and
>
•
.
'
.
.
Balance
Sheet,
,30f
Sept.
1943 " '
Assets—
$13.88
$14.53
$14.47
$14.66 'A,
Comparative
•'
145,552
.
.
fore
'145,552 V;;
145,552
standing ($100 par i — A'
145,552
Earnings per share bo;"
-s-,
1941
1942.'
/A-—-
^23,642,105
2,031,870
::
J.
$23,565,^25
investments---—_vMaterials, etc.
!
$23,256,023
1,984,579
1,690,467
1,805,686
12,453
121,808
1,802,934 s
dafe ast.may be hereafter fixed by the board of/dfrectors.^;''^-^:;/^^""//;;
He Nnmnurc fr To —Sppnnrlarv OfferDespite the war with; its attendant, hardships - tov consumer goods
IfOIlt. «e pJemOUrs
manufacturers, Involving in our case curtailed / production /of .floor " ing—The largest block) of company's i common stock to
covering due to the Government's increased restiuctions, on Hhe use df.% ebme onto : the secondary market in'several/years,-was
Zij.i—..1..—
287,063
/'
_..i.
875,145
'
Prepaid taxes and insurance—.—
123,153
receivable
interest
Accrued
-
(not duei—.1
1,096,280
1,010,915
dK-GO.---oeCOuaary|Ulie^,
V
"
Cash
Accounts
34,040
22,79325.480
105,821
labor,
of
scarpity
*
154,090
we
vBarney & Co., who distributed 25,000 shares, at 141% net.
to dealers was $2/ per share. The block origi^
'«•
"aeiatdt--<■':
5
conditions
;.
Liabilities-
This
Capital stock—.
$14,555,200 $14,555,200 $14,555,200
Reserve
fund—
Renewal
!
fund—
Accounts
Reserve
Prov.
4,345,992
4,517,368
8.951,133
8,352,409
496,173
—
425,715
291,104
/'
/
payable
for
dividends——/-—
exchange, Dominion and
for
Ontario
Govt.
291,104
A.
Bank advance——,.———
/ •:
-
tax---_--_-—__—-
145,461
Assets—
'•
Cash
380,169
Inventories
—V.
/•■(•A'"''-'
.:V
■
The
for
Consumers
redemption
Consumers
100
at
Bank
Consumers
Co.
& Trust Co.,
the lien of this mortgage.—V. 158, p.
from
1729.
:
George
P.
Dec.
cn
chase
Edmonds,
stated
22
The
the
Bond
President
that
proposal
plant,
the
of
the
Continental
which
will
put. up
158,
nounced.—V.
be
p.
makes
Bond
Can
bottle
Manufacturing
had
Co.
offered
and
caps
cork
Corp.,
to
pur-
products.
2466.
the
to
stockholders/
No
price
an¬
was
called—
The
its
.•;/■„•
corporation has called
outstanding
tended)
on
$138,100
July
Stores,
1,
of
1946,
Inc.
A/;:va;;:;.-•;%;,
for redemption as of Jan.
5%. sinking fund
102 and interest.
at
Debentures
—
1,
debentures
,,r
1944,
due
all of
(as
ex¬
Payment will be made
at the Detroit Trust Co., trustee, 201 W. Fort
St., Detroit, Mich.
Holders of the above debentures may present them to the trusee
any1 time
and
1944.—V.
156,
receive
payment
of 102
and
interest
in
full
2127.'
p.
to
at
Jan.
- :•
-
1,
•/.-
?'
Cook Paint & Varnish Co.- -Record Sales-hih!
Fiscal Years Ended Nov/30—
—V.
.1943
: I.
—'
158,
..
-
1942
Crosley Corp.—Advertising Director NamedAppointment
of
S.
D.
Mahan
as director of advertising
and public
manufacturing division, was announced on
by R. C. Cosgrove, Vice-President and General Manager.
For the past 2>/a years, Mr. Mahan has served the U. S.
Treasury
.Department as director of advertising and promotion for the War Bond
Dec.
of
corporation's
22
program
and
associate national
as
Bond and Stamp
nation.
the
asked
continue
The
Cork
directors
account
of
director
in
by the war finance division of the Treasury
association
with
the above activities in
his
capacity of a consultant—V. 158, p.
Crown
on
to
field
charge of all War
sales through retailers and the newspaper boys of the
He has been
Department
on
International
Dec.
13
/
,
,
declared
accumulations
on
the
2466.
Corp.—Increases Dividend
a
dividend
$1
of
cumulative
20
cents
class
A
share
stock, no
per
.
.
••.•
//
v
payrolls, taxes, etc.—
1st mtge. bonds due 1959_
(b)
Of
5%
35,316
'35,316
1st
_
862,800
^
the
/
bonds
mtge.
recently
ordered
current
Certain
liabilities
certain
.of
due 1945_:
'
65,900
2nd mtge. inc. bonds due 1946
——:
882,800
—i
Capital stock (net value)——"^tl,i0l:/6541,095,064 //.
6%.:
SEC
the
/
(a) Its fixed properties for a basic cash consideration of $2,952,000
'
as
of Nov.; 30, 1942, subject'to adjustments on account of any addi% '^ions,-^retirements and depreciation accruing after Nov.1 30, 1942, and
prior to the date of the consummation, of the - sale.
/ .> ! ;• ;' : / ,'■%■) •
$71,251
$71,251
—
Accrued
fixed
The
(2)
and
assets
as
application
the
Duke Power. Co,
the consummation of the' sale
assumption, by
date of
of the
i•
.%%%./'/A X-•
properties..
Durham
by
Public
Service Co. of the proceeds
sales, together .with other cash on hand at the date of sale,
as follows: '■"/. •/. ,■'• ,v,
V
V;//
,/
i: "" \
(a) To - the payment, at 101%%
of the principal,amount thereof
of
.
such
___
accrued interest to the date, fixed, for payment, of $1,152,500
mortgage gold bonds,..series A, ,7% due. 1949, held by- publie
Pro forma balance sheet.
(-Represented,by 30,000..-shares/of^ no, par
/investors and to the .payment, at the,- principal, amount,; thereof ,..plu<j
value common stock.—V. 139, p. 439.
%/A.:%.-Uv. ///-accrued, interest to the date fixed for- payment of, $9.7,500 of such
; ./•■'
'
'■:
•
/.fyi A-../{
.'A"-A/// bonds.owned by Cities Service' Power & Light Co. i > .-„///
!
x>
A /• (b) To the payment, at the principal amount thereof plus, accrued
Delaware Lackawanna & Western,.:RR;—-EllesrPlan to v. interest to the date fixed for payment, of .$476,100 of. its. refunding
■<:.
";■/"•
.
"!'■
,
/■ /
'AAA.' ■'-/
,%•
■
plus
' ■"..•<
—------T-------------.-i--i,;.$A136,922•'/$2,0^4,432 v /..^funding
«
A
for
plan
with
Interstate
'7
York
Deposit
adoption.
;-To
York company
A./
mortgage gold bonds, series B,
.
,^°)veA^ A'|5ht Co.,
New
(.c.)
;
%
•
^
of at least 90%'
will be sought, it was
effectuate the proposed merger, the 1
application for authority to issue/cej7ti£i^a(t6sA.6f<ciet»iQSit .--for
of the New York company's/capital :stock;-/$5,899,200 Of
first and refunding mortgage 5%' bonds (New/York Lacka¬
wanna
& Western division), $3,932,800 of D. L.-& W. fri"cdme'mort¬
L.
gage
The
158, p.. 1530.
by. Cities Service Power & Light: Co.—V.
oWned
98,320 shares
'!
1
& W.
bonds
D.
Duval Texas Sulphur Co.—Extra Distribution—
(New York Lackawanna i& Western/ diviSionXu.and - scrip »- -An extra dividend of 50 cents, per / share and/the■•ususU.V'.quarterly
representing fractional interest in/.the: .bonds.', :V dividend/ of 25 cents/ per sharey have been' declared on * the/, commoii
L.
&
W.
also asked
authorization to-'aSsUme /obligation* and
liability for $13,639,000 of New York Lacka'wannar-&:-Western 1st-and
refunding gold bonds, series A, and $10,000,000 rist : and/refunding
4%% bonds, series B.
...
/_ 'A.-,. ..
•. ...♦ ,/
.;
The merger plan provides that stockholders of the New York com/
are
refunding
•',:•••
/tV-stock;
V.
p.
value, both payable Dec/ 31 to holders of record Dec. 21/
$i
per share was paid
on/,this.issue on Dec. 31, last year.^
2248.
Eastern Gas & Fuel Associates—Earnings—
to receive, for each share held, $60 of new/5%,/lst and
mortgage bonds and $40 of new. income mortgage bonds,
12 Months Ended Nov. 30—
Total
Provision
for
Depreciation
-
•
'
1943
•••,
>
•,
;
,-j.
1942
4,515,301 / .5,167,972
taxes_'—_—_:—^—
income
and
..
income—^—1——_$16,407,162 $16 251,492
consolidated
5,629,870
depletion__^^_—.
v
4,999,299
2,485,366.
2,356.684
annually and that various economies would -be-effected by,,,
of the corporate structure of the system. /. The merger,, / Debt .discount, and expense-—'———c._
Provision for contingencies-—:
also will eliminate the payment of rental for„.the New York
simplification
said,
157,
..
.
$196,640
no par
.' "An extra of
They also would receive a certain amount of cash* representing unpaid
rental on the New York properties to date of 'merger./Z
The D. L. & W. said the merger would red lice i its/fixed charges, by
it
A#-
to , the ,da|ie fixed for
filed
pany
5% due 1956, owned by Cities Service
.
2,132 ^hares ^of Jts 6
Xpreferred stock held by public investors and, to the .payment at/pa?
submitted/to'stockholders'•• °^ 1'86®°^sucl1 shares o#ned..by Cities Service PowerTfe. Ligiit, Co.5,%
pro^erty^^inder ledleK^t'—>^7
approved bv the ICC, the plan will:be7
.If
New
*
York Lackawanna%&/Western ,Ry. >
& Western RR.- was. submitted to the :/
Commission Dec
7L6 'a The ; D ^
LWf now ^
of the
Lackawanna
Commerce
the
ooerates
for
merger
Delaware
the
certificates
T
relations
./
M naaao
J
.
$12,886,469 $11,498,803
—
669.
p.
•
payable
6,393
000V'
....
Liabilities—
D.
Bales
10,167
22.401
(
Cities'Service Power & Light Co,
dispose of its interests in its subsidiary, Durham Public Service Co,
The order, provides among other things:
••
\-l.
(1) The sale to Duke Power Co.- by Durham Public Service Co. of;
The
to
1,285,848
6,393
Merge with Leased Lilie—-
Department
.:
10.167;"'"
1,285,848/
.
■
230,570 %
/ />' 22,401
///•"••'A/A//.
Durham Public Service Co.- -Liquidation, etc.-
v
129,835 /
•'
230,570
:/
depreciation)— Zri-
Total——— T-
Accounts
.
Continental
———1_Z—
(less
Patents,' < licenses,.; etc.Z.„——
Total
'
/J
charges—
■'"i
Continental Can Co., Inc.—Makes Offer for Plant-
reserves
the,same firm was identified with the sale of 6,700 shares
and in February, -1941, with/ the distribution of .20,000
V. 158, p. 2190.
1942
Dupont,
shares.
$379,218
-
,
called
has
less
cost---—
equipment
and
Deferred
./
Illinois)
of
1943, a total of $53,410 of its outstanding
corporate trustee, 231 South La Salle St.,
The said funds were received from the sale of properties
Chicago, 111.
released
(formerly
Co.. of Illinois first mortgage 5% bonds due June 30, 1956,
interest.' Payment will be made at the Continental Illinois
and
National
Co.
of Dec. 31,
as
at
investments—
Other
Consumers Co. of Illinois—Bonds Called—
In
Mam 1,'44
'•
$451,708
A 129,835
Govt, securities—,—,/„——
S.
receivable,
Accounts
186,224
156, p. 2127.
U.
and
31,'43
Oct.
//./,
291,104
$28,785,062 $28,558,671 $28,289,017
—
*
of
7,747,121
601,461
^f
!■-ndLeu/WitUyA aomestic esidie.
second
our
Comparative Balance Sheet;/
Plant
Total
earnings with which to meet any of the interest
mortgage income "bonds/
provide no
on
show a-loss of ,$4,ooo which^ Discount
in November'^nd1 December;
4,713,962
230,651
—
will
1943
for
we
will be wiped out by earnings
estimate
we
31, 1943,
months ending Oct.
10
For
$28,785,062 $28,558,671 $28,289,017
Total
**>;
///•Se®
Jan/l/1944,"
1,984,522
etc.Li
Plant,
Other
591,438
575,020
*
will obviate the possibility of any ultimate determination
that the D. L. & W. is obligated to pay Federal1 income taxes/on the
rental received by the New York company's stockholders." At present '
rates, such taxes amount to at least $200;000'a year. The D. L. & W. now pays a rental to the stockholders-of the New .
property and
the par value of the stock; - Last year,
York
property equal to 5%
these
payments totaled $491,600.
on
'-,/ "
-
Net,, available for. dividends-'—-—_———
requirements on 4,/2% prior,pref. stock—
500,000
$2,830,287
'
.
-Balance
available
Earned, per
—V.
158,
p.
to
2190.
■
1,108,729
.$1,721,558
preferred' stock——,$4.60
6^
6%
share of
$3,007,417
1,108,729
Div;
preferred--^—--
;
■
'
■
■■
•
■
$1,898,688
;
$5.07
Volume 158'
Ebasco
;
Number 4241
THE COMMERCIAL & FINANCIAL CHRONICLE
§ Valuation at market quotations at Sept. 30,
.Services, Inc.r—Weekly Input—
For the week ended Dec.
at
companies of Ebasco
American
Power
&
Light
Services, Inc., which are subsidiaries of
Co,, Electric Power & Light Corp." and
(National Power & Light Co!,
during 1942 were as follows:
*'.•
.Electric
Power
National
*
&
Power
&
Light
Amount
28,i45
100,515
170,533
83,828
Co.
98,621
7,465
,
16,687
viduals.
to
special meeting" of
1,
1935,
consider
the
^debentures
•'mature
sale
with
Jan.
of
$3,500,000
warrants
15,
principal
annexed,
amount
of
dated Jan,-15,
be
to
1944,
fund
and to
A\
.
company; .-the
(
evidencing the right qL the holder thereof to purchase oh or
.before Jan,15, 1959, unless redeemed prior thereto, 35 shares of the
(1)
On
before
or
(2)
After Nov. 30,
share. ■'A A .AA
(3i. After Jan.! 15,
share.
:,v
;
1952,; and
the
A
will
company
debentures
due'Jan;
consist
15,
1959;
of:
50,000
suit,
of
one
the
Co.
and
and
such
operating
Services'Inc."
accounting
an
for,
the
of
the
&
by ;this
an
excessive
interest
action
of
but
court)- and
said
debentures
debentures
appeal
an
has
The
-
stockholders
state:
• -
-
.
t,
,
.
company-has continued its purchase of additional
the
Light
shares of $5
assets
of
CtL,
of .the
the
in
company
excessive, salaries;
'and
Exchange ^Commission
such
purchases.
£$2,340,000 of
A
$5
July
on
total ,to
Dec.
1943
2,
9,
utilize
to
$15,000,000-
of
(dismissed
been
other
operation
taken
1943, under this authorization,
control
Ebasco Services
of
arid
utilize
and $9,990,000 of $6 preferred stock
$1,826,372 and $8,256,900, respectively,
failure
35,486
35,285
440,391
426,373
$78,052
$883,599
$839,177
888
$76,713
1,904
13,565
44,541
$77,164
$74,810
$870,035
$794,63G
the
with
subsidiaries,
from having
the
of
affairs
Inc.;'and
invest
to-take
the
steps
charges
cash
and
Pfd.
by
to
items
utilize
and
directors
Bond
the failure
cash
and
the
Electric
and
of
refusal
the
the
officers
lawfully
and
company;
cash
amort
21,683
21,930
260,714
264,883
$55,481
dividend
$52,880
$609,321
$529,753
require.
67,501
applic. to El Paso Electric Co.
The
the
Walker Dry
&
directors
4.
similar
A
Jan. 15,
have
stock,
common
Jan.
(Del.)—
67,501
$541,819 A,
$462,252
Goods Co.,
St. Louis, Mo.—Extra
declared
extra
an
$25,
par
extra
payable
dividend
15
Jan.
of
$1
share
per
holders
to
payment was made on
Jan.
15,
of
on'
record
1943,
and
on<
1942.
Regular quarteidy dividends of 25 cents per share have
paid on this issue on March 1, June 1, Sept. 1 and Nov. 24,
1943, and in each quarter during 1942.
also
been
The
stockholders
March
on
will
6
vote
the
on
following
proposals:
(1) To increase the number of authorized shares of common stock
from 360,000 to 450,000 and decrease the par value of
tpch shares
from $25 to $20.
Each share of the presently issued and outstanding$25
par
the
new
(2)
value
$20
ferred
stock
of
.-•Each
value
75,000
to
share.;
a-
be
exchanged for-two
number
The
of
and
shares
to
dividend
of
shares
decrease
rate
7%
the
the
on
first
of
pre¬
valu©
par
$20
new
par
would
same
share
authorized
15,000
$20
would
common.
the
from
to
ifirstupreferred
oremain "the
stock
common
par
increase
To
rfromu$100
.
be $1.40 per annum and voting powers would
those on the presently authorized first preferred.
present. $100 par first preferred stock would b©
as
the
of
exchanged for five shares of new $20 par first preferred stock.
\ (3) To increase the authorized number of shares of 6% second,
and
Co.
to
the-
readily conhas been bought at a cost of
f vertible bonds of the company in the purchase of its preferred stock in
; With
a
resulting dividend saving of $716,400.
a A A (AA;'A A--- ArAAAA
the open market. ((Application for injunction pendente lite was denied,
This brings total purchases of preferred stock to $25,231,100 of.stock
an
appeal has been taken from the decision of the court.)
In. May,
at a cost of $17,183,055,- with a reduction of $1,459,863 in dividend
) 1942, a suit (was (commenced by a stockholder of the company seeking
(requirements and an increase in capital surplus of $8,048,045.'; The
to compel it" to file a plan under section 11(e)
of the Public Utility
.Company's financial position has been substantially improved as a re¬
Holding Company Act, the effect of which would be to make the com¬
sult and these purchases are continuing.
pany an investment trust.
(A motion to dismiss, made by the com\A On Nov. 29 last, company and the American & Foreign Power Co.
;j pahyV was.'granted" by the court'but an appeal has been taken from the
(Inc., filed with the SEC an-amended proposal under which" the latter,'
decision of the court.)
*
>
,
"a; subsidiary holding 'Company,
would be authorized to refund the
v •■''
($35,000,000 6% • over due note, dated Feb. 14, 1935, which is owed to
7
; SEC and Pending Applications
company.
It was proposed that $5,000,000 of this obligation would be
;! A The (company;r-is^ a''registered holding company under the Public
'paid in cash and the $30,000,000 balance be refunded by 3% notes
Utility Holding Company Act of 1935, and as such is subject to the
A,issued to Bond and Share and maturing in principal amounts of
applicable,
necessary
'
Dividend of $1 per Share—Change in Capitalization Will
Soon Be Voted Upon—
manage¬
Share
U—
and
Ely
of
manage¬
the
with
and
(net loss)
—V. 158, p. 2044.
-
and Florida Power &
connection
any
of
revenues
Balance
A Bal.
of its sub-
any
oper.
from
indebtedness
of
connection
any
their
-
companies
and
ment
for
stock
preferred
Corp." and
defendant
osin<l S6 preferred .stock under authorization granted by the- Securities;:
797,262
taxes_^_____-__.
and
Light Co." especially in connection with the proposed financing of the
Electric Bond & Share Co.—Quarterly Report— .uAa,£.
latter company; any connection with the management ond control of
E. Groesbeck,: Chairman; and S. W. Murphy, President, in* their
A
the" affairs'..'ofA-American Power & Light Co. and Electric Power &
to
1,214,197
Interest
C.
remarks
94,087
..
alleged excessive interest
Jan.
1, 1936, on indebtedness of
Inc., owing to the company,j-in the-
ment and control of American Power & Light Co.
"l
109,679
amount ;-of
officers
and
435,792
taxes_.
income
Balance '
Light Corp. in United Gas
use-of
will
439,312
Other income
holding .companies or subsidiaries thereof other than American &
Foreign Power Conine, and its subsidiaries; the payment to directors
• preferred• stock
t $50 par), and 690,000.shares of common,
;>•?. A: (' , (A-Ar.t;.:AA'AA'' ;■
'A A,,aa A
Byllesby and Co., Inc., and Ladenburg,. Thalmann & Co.
head the underwriting group.—V. 158,"p. 1731.
'
($1 pari-,.
M.
36,574
Net
company;
since
Power
&
portion
a
the
to
of such
company
convertible
H.
261,748
36,619
revenues
pay¬
stock
-
343,460
and
by court
appeal has been
Which, among other things, seeks to restrain the consideration of any
plan which limits the operations of the company to a regional holding
company as provided, .in% the Public. Utility Holding Company Act of
1935;; the exchange - or • distribution of the assets of the company'pro
rata among, its preferred stockholders as a liquidating dividend; the
-
1,645,798
22,355
Other
$35,000,000, an accounting for such alleged ex¬
payments and a refund, of all payments unlawfully
made. :In April; 1942,-a" suit Was commenced by a stockholder of this
•company against the company and its officers and directors and others
$3,500,000 15-year sinking,
shares of 6% cumulative-
$4,406,150
1,897,954
30,155
(dismissed
suits but
Power
invalidity
of
company
Foreign
$5,218,913
140,695
indebtedness
owing
Corp.
to
American
alleged
$405,709
164,776
Federal
certain
Ebasco
paid
alleged
court),
by
1943—12 Mos.—1942
$454,767
Depreciation
cessive' Interest
be added to the company's general funds as additional working capital.
After giving effect to the proposed financing, the authorized capi¬
"fund
decision
principal
-
talization of the
in
paid
unlawfully
of Electric
this, cause
United -Gas
■:;)- •;;/•;, ■ A(.
;.'AV. ,Y(••.- A AA<;:
^,,
registration statement covering the proposed sale of $3,500,000
iiS-year sinking fund debentures due Jan. 15, 1959 with annexed stock'
purchase warrants was filed with the SEC Dec. 23.
Net proceeds to
be received by the company through the sale of these securities will
.
of
fees
of
of
fees
Share
time
subordination
the
to
as
payments
A
'
decision
investment
and
Corp.;
before Jan. 15, 1959, at $18 per
on or
the
■
1946, and on or before Jan. 15, 1952, at $16.50
AA"'; '"A.". AC-■ A1(A'A'-va (A AA.•(: (sAv .• AAA;
per
*
debt to
Court
A: A;'-(A( AV
company at the following prices:
Nov. 30, 1946, at $14.50 per share,
and
service
$53,925,000
on
service
1943—Month—1942
Maintenance
follows:
as
2044.
p.
(Texas)—Income Statement—
Operation
(including' $25,000,000 of 6%
gold debentures due 1953) of United Gas Corp. owing to the company,
an
accounting for such alleged excessive interest for six years, and a
refund of all sums unlawfully paid; the prevention of further interest
payments by United Gas Corp. on said debentures and debt to this
Each sinking fund debenture in the principal amount of $1,000 will
have annexed at the, time of issuance a non-detachable stock purchase,
(Common stock of the
the
Bond
action
of
cause
from
all
to ;the
of," all such
this
to
taken
..warrant
("A
Dec.
ments
1944,
sinking
f:'-A-:.-
1959.
of
Electric
refund
stockholders will be held Jan. 5,
common
invalidity
from
Elastic Stop Nut Corp.—To" Offer $3,500,000 of Debs.—
A
alleged
to
as
,{v
These suits involve subject matters and seek relief
cbmpanles
2467..
p.
Operating
The
on is $1,000,000, plus net current asset
adjust¬
than $175,000.
Both El Paso companies are subsidiaries
Period End. Oct. 31—
state:
by stockholders of subsidiaries of this company have been filed
March, 1941, and are pending against the company, other com¬
panies in the Electric Bond and Share Co. system and certain indi¬
Include the system inputs of any companies
Apot appearing in both periods.—V. 158,
price agreed
Engineers Public Service Co.—V. 158,
El Paso Electric Co.
Suits
16.5
19.9
7.6
198,678
base
ments of more
of
since
Pet,
1942
Sept. 30,
The notes to the balance sheet
•
106,086
Light Co.
Light Corp.
The above- figures do not
,
1943
&
Power
at
The
was
market
Pending Stockholders' Suits, Etc.—
A
..•■•>■■-VA.
Thousandsof Kilowatt-Hours
Operating Subsidiaries of—
American
at
1943 was $4,831,500 and
$4,917,300.
quotations at Sept. 30, 1943 was $118,951,900
1942 was $39,845,200. V;
1942
and
compared with the corresponding week
as
—Increase—
,
Sept., 30,
ttValuation
16, 1943,1 the System inputs of client operat¬
ing
2579
preferred stock from 15,000 to
from
$100 to $20.
Dividends
and
preferred
stock
would
be
75,000
and
the
on
the
at
decrease
the
value
par
second'
$20
par
value
$1.20
per
annum.
new
of
rate
.The
voting power will remain the same as that of the presently authorized
second preferred stock.' Each share of the present $100
par second
preferred stock Will be exchanged for five shares of the new $20 par
second preferred stock.—V. 158, p. 2191. ■ ■
'
• \
..-■
,
'
*
•
,
,
Emerson Electric Mfg. Co.—15-Cent Distribution—
The
Dec.
10
cents
follows:
$53,365,000,
amount
of bonds of operating ■ companies, be used by Bond
acquisition of additional shares of its preferred stock.
The impact,of the Public Utility Holding Company-Act of 1935 has
'already brought about a number * of -fundamental changes; (in thg
;•
.
Electric
Bond
■'.take place.
'^"Co. itself
form
and
Share
The System
System,
as
a
and
are therefore in a period of transition.
be
may
canfident
we
that
not
are
with
the
now
in
but
predict
we
of
United
received
is
sum
Gas
Corp.,
in
and
U.
payment
the
A.'are .still pending and in which the right of the
all'
are
of (the
part
or
said
$53,365,000 has
thereto the SEC has questioned interest
(
of the SEC and the support of
successfully and constructively ac-
company
to
to
can
be
receive
Federal .income taxes__
uOther. taxes.,
expensesA-ZAA(a
Other
609.998
,
;
* 2,315,680
*730,180
AA „,:73,379,'-< ;74.844
199,313 A( 140,169
.
*2,328,541
.-228,385.
^614,033 aA
.
"
( proposes
offer,:for each share of its preferred stocks,
to
conference
unit
cents
share
per
holders
record
of
Sept. 30, last, as against
1943. Payments in 1942 were
10
cents each.
' ■(. ;':"(■
(v.;
-
Phonograph Corp.—Quarterly Div.
declared
22
quarterly
a
capital
5.
stock,
initial
An
of
the company paid
dividend
$5,
par
like
of
15
was
•
■
to
revealed
was
presided
15'
onr
extra year-end dividend
an
new method for broadcasting images
motion picture screen proportions
a
cent©
Jan.
paid
payable
amount
on
a!
the
19, at a company engi¬
Benjamin Abrams, President of
by
over
from
Dec.
on
,
planned by
Emerson
inches wide and 14 inqhes high, will be
television
15
to
15,
and Sept. 30 and Dec. 30,
V
A".: ;
instrument,
television
mately 18
of
30
on
••(•;■,•;.(.
Jan.
room,
this corporation.
employing,
engineers,
approxi¬
a complete radio and
three inch cathode ray tube.
The televi-'
sion image will be enlarged and projected to 15
by 20 inch proportions
on a motion picture
screen, by means of a lens system made of plastics.
The brilliance; will equal that of home movies.
According ,to Mr. Abrams, this development, which will be made
available to the public at-a fraction of the cost of conventional televi¬
a
sion
receivers when civilian
production becomes possible, should go
toward building mass television audiences which are essential to
support Of broadcasting operations,
"By bringing television withia
easy buying reach of great numbers of people," Mr. Abrams said, "ad¬
vertisers will be attracted to the medium end the resulting revenue will
finance programs equivalent'in value to radio and motion picture en¬
((A'.;-:;-.(
far
company
common
Dec.
instrument
living
a
neering
and July
outstanding
record
Dec.
made
the
stock
356,982. AAqfvAmerieanvGa.&4ihd.'4El^ct-r-ic Co. plus cash from its treasury or from
622,695 ■u tile: sale^f .bonds;:in; its(portfolio.
The application states that the
v
exact basis of such-exchange offer would be submitted by amendment.
.
,
A Net income
/ tPfd.
;
by the alternative, procedure suggested in the proposed rule.7
;C An applicationv has been filed with the SEC in which the
$8,770,102 ($9,308,657
of
A, The
-
$2,18,7,896 A $2,260,662
of
&
dividend
a
payable
was
;{.:.:
on
the
on
model
wall
been challenged.
In addition
on the indebtedness and other
•
Total
directors
share
holders
table
'
■:
1131.
(A Projection television,
.
.
March 31
on
July 10, 15 cents;
p.
Oct. 15,Jast. On Dec. 15,
of 10 cents per share.
inter-company -transactions.*/ In 1941, the SEC proposed a rule under
(.( the Public (Utility,. Holding Company Act of 1935 which, had it been
.">•(complished.; ''
A A A .A;A'
(A„(r '.""'A AAA:
made* effectiye,7;would!hav^( prohibited k>ayments directly or indirectly
•'I; • 'Comparative Statement of Income for State Periods * ' .
AV" ; of principal or iriteresV on any indebtedness due to holding companies
;
;•
'.Period End..Sept. 30-~ vi vT943---3 Mos.—1942
frord subsidiary conipariies having preferred dividends in arrears, except
1943—12 Mos.—1942
(Gross income—
A"
VA<' vK AA'"'; (( pursuant(to ordet of Approval of the Corrtmission.
In early ^1942/Hhe'
"Interest
$1,673,543
$1,779,764
$6,811,330 * $7,099,357 "(('Commission announced, with respect to such proposed rule, that "for
Dividends'
> 497,670 ; ' 468,539:" 1,898,127'' "2:134,561
A
(the present it will be more satisfactory to deal with the problems of
Other-' Au-AAA
•;:'7;;T6,677 AA.A i2;359 ; t- 60,645 AA > 74,739 A' ?thi^! character -by; order," on notice Initiated by the Commission, than
(stockholders this transaction
The
per
of
use
;X indebtedpess (has been the subject of proceedings before the SEC which
What their ultimate
to
position
a
cooperation
if and when such
debentures
,
changes will no; doubt
Electric Bond and Share
the
debt) and
$6,635,000 of. cash .In Cthe company's treasury, toward the reduction
'of ,the-company's .outstanding preferred stocks.
The
issuance
of
securities'which-would enable United Gas Corp. to discharge the said
further
whole and
the
of
declared
par $4,
distribution
Emerson Radio
.
and Share in the
each
17
stock,
similar
A
as
Dec.
on
common
20.
r-v.158,
provisions of that Act and to the rules and regulations of
A'($3,000,000 each in four successive years and $18,000,000 in the fifth :
; the SEC promulgated "thereunder.
""
'
Ayear.
The amendment proposes that the $5,000,000 of cash from pay-.
The.company has pending with the SEC applications for approval of
! nient of the
note, together with the proceeds of the sale of .$4,048,500
:(.the usfe of
i.principal
directors
the
on
.
.stock
$1,305,200
$1,315,469
1,820,317
:
dividends-.
,1,925,987
$5,611,104
$6,000,439
The effect, upon
tertainment
7,589,771-; 7,822,535 AAThe SEC-,
.;
use
bn;(July;-2U1943, approved the company's application to
$lS,00O,.060;cash'to purchase shares of its outstanding preferred
"■•"Includes ad4ustments of-Federal income tax accruals- and takes-into
stocks. - Pursuant
to
a decrease of $348,000 for the 12 months ended
such, approval the company has reacquired to
Sept. 30. 1942,'
Sept. >3.0, (1943, 52,500 shares $6 preferred and 15,300 shares-$5 preto tax losses on sales of investments in non-system com¬
ferred at'a cost of.'So,424.822.
-((:
,.;((-;(( ( H"V' '■(
panies. Net excess of ledger walue,of these investments (already written ;
.The SEC has--ordered (dissolution of American Power & Light Co.;
down in 1931)'over proceeds of such sales has been charged to earned
: Electric1 Power
Light Corp., and National Power & Light Co., three
surplus.""
Federal income tax provisions for the three months and li
holding-;Companies;-in~,which the company has substantial investments.
months' ended
Sept,v 30,
1942 include overaccruals of »$82,300 and
'$244,400, "respectively, due to such provision having been made at a t,( The effect.of.the orders.upon the company's accounts is not at present
•(..>,v
-rate, for the period from Jan. 1 to Sept. 30, 1942, higher than 'the' ;determinable.;.;(..•;.;(.
:vjA. Prior/: to;,April.*!» 1938,u. the difference between ledger value and
rate contained'.in the Revenue Act of 1942.
-;
;
.
realized
was
•
*
J"'
Comparative Balance Sheet, Sept. 36
t»'Assets—
'-VI '
.Tnvestinent securities
' Notes and
and
advances
.-'(V,
'''^1943
-
(ledger value)—
Foreign Power Co.
*
The
Corp._:-_.-^il.UU-_-.U_-U
Bonds—,
.
t.
Gas
Services
■
-•
:•
i'■
A
^
-
.I V. 1
'-
been
carried
investments
as
and
The
Musical Industries,
&
dividend-payable
on
'■amount-to
eight
the American
Jan,
cents per "share,
3
to
Jan.
as
Electric Products
•
record
of
Dec.
27
will
A
compared with six cents paid on
Accrued
;
interest :x:eceiyable-—t.'yU:x„
;U-Ot.her
•cuxrent;-asscts_.':Ul'ill-i-._l-_'l---i-r>-uy".
dents
62
and
Prepayments
,333
82,333
cents
on the capital
Distributions ot
declared
share has been
per
March
on
30,
made
20 cents;
cents.—V.
158,
June
on
29
and
Sept.
last,
29,
against
as
30,
1943.
Payments in 1942 were as follows;'
June 29 and Sept. 29, 25 cents each, and Dec. 30,
1277.
p.
AAA,.
^v,0the #adtag»iSe|si6mon(pec:" 30, 1943.—V. 158, p. 1530.
A
Inc.—Common
(;:
Stock
Annual Dividend Basis—
The' directors
share
and
an
have
extra
declared
dividend
Placed
on
a
$1.20
,
quarterly
a
of
25
cents
dividend of 30 cents per
share cm the common
per
stock, par $1, both payable Jaxx .15 to holders of record Jan. 3.
ixlaces the coiximon stock on a $1.20 annual dividend basis, and
.
68,452 ;;y "
55
were
Eversharp,
feE;J30oks;;ffnd(that;,thej comniittee on securities for the Exchange has
■•1,140,363 A -voted yta rexpoye - this a stock from the list, effective at .the close of
1.015 ^ f
14,690 XA businessV'Juiy;,;30:;(1943.(()'flxe order becomes effective at the close of
200
U"U'A.200
w..
.
each
cents
application
' U-'; U'iv*?t
'
A dividend of
25
?
875,852
'-,V^^5dciate.lcompanfe^^ll-^-r^liril.ll_l^_X-^.r875,:
on
outstanding preferred
stock/ payable Dec. 30 to holders of record Dec. 23.
Corp.—Delisting—Dissolved—
SEC on Dec.. 22 granted the
Exchange ;,to:'-strike 4rom listing
4% series (par $100 per pharq)^ upon official
reclassification of it$ Aprefefred'Stock, 5 Vo'■'■;
-U
'
Equitable Investment Corp. of Massachusetts.—Div.—
depositary receipts for ordi-
,
'
the
March
('
Preferred
"rCr '(
Exchange has authorized«• ?thelisting of 73,060
..
20
,
((;;
Ltd.—Larger Dividend
holders
of the Pittsburgh Stock
registration the common stock
/, .;'. tiSystem; companiesland;;miscellaneous.._--^ 405,679,127 406,149,252
(.,'Jinq/,par) sof. the; corporation. The application stated, among other
-, Cash in - banks—on demand.-—12,217,118
17,322.271
o(things," that tth.e -atockholders :of the. corporation on June 4, 1943, voted
V" ,Temporary; cash
(invests,wshqrt'-term .securities.
6,625,388
6,338,914
for.-its; voluntary(,dissolutiop and-for permanent-closing of the .trans''
,
Stock
■
2148.
of 4%
Listing
—
Dec, 10 approved an amendment to the certifithe effect of which is to reclassify each share
stock, 5%( series, into one share of pre¬
ferred stock, 4% series, and the right to a special cash payment of $S
per share.
See also V. 158, p. 2467.
of
158, p.: 2467, 1636.
4, 1943.—-V.
York
New
The stockholders
'
.
...
-
,
-V.y'-'.
157, p.
( cate of incorporation,
-
Corp.
; A/;; ( A*',(a,''
series.
for'. Public
nary- registered-shares- on
,JU.
■>
: -t. - y.
; *Texas
Power &' Light Co. 1st mtge., 4%s
5,037,120
.5,037,120
yfUnited Gas Public Serv. Coi 6^ deb., .1953 - 25,000,000
25,000,000
ICuban Electric Co. 6% deb., 1948
19,500,000
19,500,000
'(Mother—System companies:.ll_U-l___J__i*_ ;) 3,264,997
3,326,450
Stocks and option warrants— W !
;
' y -v
Ebasco .Services Inc...
1,690,000
2,090,000
■'
.
'
-
27,925,000
50,000
had
which
to .capital, surplus.
Electric
35,000,000
27,925,000
securities
Johnson
shares of preferred stock,
notice
of
issuance upon
Since that date such difference has
surplus as prescribed-by the Uniform System
Utility Holding Companies promulgated by the
adopted by the-Company as of. April 1, 1938.—V. 158, p. 1530.
.
Endicott
Stock—
applied to. earned
Accounts
SEC
of
proceeds
applied
\
$1,550,000
Foreign Power Co. Inc.il.U__ $35,000,000
United
Ebasco
--.
-of
r,;:,'/,X'
Inc;^^_ii;(."71'',.1^-iAij-:
American &
Inc
been-
1942
accounts receivable—
American &
>
:;--'V\
See Youngstown Sheet & Tube Co., below.—V.
■{
,
Applicable to periods, whether declared or undeclared.
'
;
2467.
p.
Company Acquired—('■;
('
.
,
4
158,
-
-
,
'
education."—V.
Emsco Derrick & Equipment Co.—Further Interest in
account
.attributable
and
the company's accounts is not at present determinable.
a
A '
Dec.
This
com¬
with 75 cents paid on June 15, last, and an initial of 50 cents on
pares
28,
1942.—V. 157, p. 1942.
'
'
.
■
;Tpt9i,.::riu:iuu:u
_
+A-r>
y~-\e-a-6-v6'»'7'baa'KKti'Ahti
542,937,269
•
'kqi
550,479,593
'
,.v
^*'-;;El:(Pa$oElectric'Co.' (pel.)—Earnings—
..Liabilities^-
>
(Camparative
Ineome
Statement
(Parent
Company
Only)
^(novTJarJiU-iiul'lJ-'-Ul-i.- $25,409,700 !$26;960,000
12■Months-Ending-Octv31'—(;:' '
■'■••
:' 1943
100,474(700-105,932,500'
it$6;preferredfi!tockv(hOvPar h
ARev^ntie.Tfom-;subsidiary. -compahies:
; ;
--> "
Common ^stock;J$5.'•par)^_i_UUJ_i'___-2_i__-- C 26,251)788 -*•' 26,251,788 -^.Dividends—common$434,194.
t AccountB/payable~"-V',('.
-I.r-A !V.c,v
•=;. •
16,111.
l;„.$5 :p^#erred ;Stock
-
Associate
»\ v
/
companiesi_-'___.y:_ii-.__;-r_—z_—
.V
:
.
y-,^200'
^
262,667: -Afr' k ,72.31-2 ■
t:
200
FederaUAincome
•
>
taxeSCiUUi......-
28,594
;Other-t..taxe^Ti'i-.ii'-n'-A4_;J___i_^_-_____,___(_^.:
1,820,317 y y;1,925,988
,
__
.
•'Interest" C-U
-
•■
208
;
1942
:
17,093
double-thofie' for'rthe
r
12
V.
•*$4;800,000 principal •amount.
•iTv.Balance(.5^uu'jUth:i±i(:UU_^^:__2_U-__(..
'■.
$389,281
$294,198
111,425
111,425
Preferred
•
y
'.V
dividend
'
V-' f'* !- "A
requirements____________.
Balance-for
p.
>
2361.
at capacity
•
■
•
'
ended
year
1942,
times the
for the greater part of 1944, he
""
A.
542,937,269 550,476,593
•••
stock
and
Federal Light & Traction Co.—Merger Plan—
surplus
$277,856
company has filed a plan of reorganization with the Securities
Commission which involves its merger with six subsi¬
operating companies.
"
.
AC
The companies which would be merged or
consolidated with the
present holding company are the Albuquerque Gas & Electric Co.,
Deming Ice & Electric Co., Las Vegas Light & Power Co., New Mexico
Power Co.,
Trinidad Electric Transmission Railway & Gas Co., and
and
$182,773
'
? .Sale of Properties— v
•'■-;•
'A.The-board ofrdirectors.of El Paso Electric Cd.: (Del.)'and El Paso
."tObligation of United Gas Corporation.
' •■'■'- >"■.(■■■'•'■•■
interest rate on Cuban Electric Co. 6% debentures was reduced, v
Electrlo-'^o;1* (Texas), on Dec; 20 approved sale of street railway, bus
-and abridge-^properties 'in;,El
by 'agreements,rfor a period, (including- the years 1941 and 1-942 and- to
Paso,
Texas,
and
Juarez,
Mexico, to
American City-Lines, Tnc;, a subsidiary of National City Lines, Inc,
Nov. 1,-1943; to a Tate of -4'/«»■•'per annum.
•
%••(/• <•; f •"
.
states.—-
-A'
(''A'
A The
,
common
v
'
•
;"? $The
158,
2y2
Exchange
diary
Total
v
operate
1,631
J.:;-
•
be: approximately
should
•
r
•.
entire
should
16,295
'______'
Shipments -i#"the 'nine, months
Gain—
Sept. 30, 1943, were almost
and for the full year 1943
previous year's volume, states
James-S. Ogsbury, President, in a letter to stockholders..
Backlog of
orders*-remains
high,
and
barring unforeseen
contingencies plants
.
>
$329,229
3,412,303>• .3:205,837
X 4,893,982 .A 4,893,982
a capital^surplus)
175,537, -v
Deferred'.'credits^i"il-._Ui.a.iii-_^_i^__^i.-_.--;>321,268,961 319,961,175
Capital • surplus iiaiJ..'.-—____—
EanVed-,sufplus__.__^UUilLit_3..I_;U-.i-'-il-58,967,113 • 61,272,811
■y.Reserves^(appropriated yfrom
•
(
v,
;( Accrued .<taxesu.i^Ul^Jc
•
.
-
Dividends-(declared_-_.v__,;x_'.-'-_i-
A-
•,-;
Others UUcUi
Fairchild Aviation Corp;—Shipments
_
the Stonewall Electric
I
-
The
new
company
Co.
would
be
an
integrated
operating
system
and
operations
Income
Other.
.
The directors
1936.
p.
on
common
Similar
;
■
■
*
above.—V. 147, p. 2683.
Consolidated Electric & Gas Co.
See
facilities
extra dividend of 40 cents per share
dividend of 80 cents per share on the
capital stock, both payable Jan. 10 to holders of record Dec. 31.
An
extra of 20 cents was paid on July 10, last, and one of 40 cents on
directors have declared
The
and
the
an
1943.—V.
11,
158,
S83.
p.
Power
SEC—
hearing on the proposed transactions of Florida Power &
Light Co. and its parent, American Power & Light Co., a sub-holding
A
SEC
company
continued
Manager-:
■■
,
:
—
V
on
•
to
$2,867,381
1,570,154
$3,502,202
1,770,793
$1,850,734
$1,888,621
$1,731,410
directors
the
announced
has
deliv.
and
137,185
99,914
126,198
'—
income
that
total
the
of
31,
voted
cumul.
record
1943.
Dec.
stock,
preferred
31.
offering,
(For
initial dividend
an
Other
$2,025,805
23,336
26,585
"1,108,500
Net
taxes
"970,700
"566,000
This
par
the
covers
V.
see
$1,031,770
798,170
899,749
.293
158,
cents
75
cl.
stock-
Net
$1,26
$3.10
$2.74
1943
$9,300
Balance
$1.29
$1.55
$1.37
;
1942)
in
Sheet,
and
Oct.
31,
1943
2045).—V.
p.
for
Divs.
per
158,
common
stock, (327,414 shares,
$7,407,984;
no
total, $12,276,103.—V.
pari, $1,637,-
157,
p.
2249.
substantial doubt, as-.to-the
fairness
of
the
Accrued
such
withdrawal
security,
bona
removel."—V.
such
p.
$1,938,447
$1,699,953
2448.
Dec.
April
15,
follows:
30
on
:
Inc.—Changes Common Div. Dates
21
declared
a
dividend of
15
cents per share
July 15
April; 15,
cents.—V.
Gabriel
Effective
15 dec'Tcd a quarterly dividend
(Ho. 40)
on the common stock, par $2,
payable Dec. 29
Dec, 22.
Similar distributions were made on
record
and
Oct,
July
158,
p.
15
15,
and
1,
last.
Oct,
Payments
15,
20
during 1942 were as
each; and Dec.' 22,
cents
1636.
Co.—Further
Nov,
'■
Exprnsinr—
to
the
Reserve
received
were
75ft.
the
for
acquired the machinery,
inventory, patents apd goodwill of the'Lbtejh'ational Metal
Co., Cleveland, Ohio, according to an ftnnqhh'cfeih'erit by John
Briggs, President.—V. 158, p. 2468. ;
'•
:
n>J- tf. t)Ui ■ :■
,
There
were
,
.
.
'Galveston-Houston Co.—20-Cent Common: Dividend—
declared
a
dividend
of
20
cents
per
share
stock, no par value, payable Jan73 to holders of record
During 1943. the following pevnents wer^ mfde: Jan. V 15
cents; and April 1, July 1 and Oct. 1, 20 cents each.—V. 158, p. 2468,
common
22.
Dec.
17 declared a dividend of $1 per share on the
stock, payable Dec. 24 to holders of record Dec. 22.
This,
compares with 40 cents per share paid oh this issue on Dec. 24
last
on
common
25
year,
cents
than
on
Dec.
22,
1941,
Dec. ?2, 1939.
corporation announced
15
cents
on
Dec.
24,
1940,
and
25
on
The
just
cents
declared
is
six months."
the
"greater part
capital gains, that is
See V, 158, p, >2361.
1
securities
of
the
held
'
dividend
for
more
80
vv-;'.
1943
1942
$338,263
$320,663
receivable——_7i—
"144,594
"216,264
516
294
251,047
100,045
34,594
13,393
on
—
273,678
of
J
vv
1,055,200
28,862.
•
3^,491
1
...
128,224
46,219
—
profits taxes,
.
82,626
28,855
:
,
excess
258,122
''I
1,071,882
■'
,
473
$2,141,002
'
payable——:
tax
$39,102v
payable
current
$80,728
17,141-
95~,273
33,908
258,250
130,002
37,125
38,726
—„
liabilities,,,.
;
payable deferred
155
for
155
14,709
7-—
7,174
1,822
625,000
257,000
,257,000
853,481
816,844
$2,284,313
$2,141,002
.
"After
1942
reserve
for doubtful
and $688,215 in
accounts and
receivable of $29,550
f After reserve for depreciation of $621,325
J Includes Federal income tax withheld
1943.
of $19,043 In
source
notes
132,500
1941 and $4,797 in 1942.—V. 158, p. 191.
The company won a U. S. Supreme Court review Dec. 13 of its
efforts, unsuccessful in the lower courts, to reopen a patept'
infringement suit settled agaiiist the company in 1932.;. The firm's,
action was against the Hartford-Empire Co.
Hazel-Atlas sought to
reopen the case on allegations of fraud,—V, 158, p. 1937,
legal
Hearst-Brisbane Properties, N. Y. City
—
May Soon
Make Distribution to Bondholders—
A
,
'
substantial bash distribution for holders of first fe» and leasehold
6s
during the near future is indicated in the bid of $630,000 cash made
by Billy Rose about two weeks ago for the Ziegfeld Theatre at 54th St.
and Sixth Ave., New York, N. Y,
The expectation is that the court
fn charge of the properties will approve acceptance of this offer, which
tops by a considerable amount the best previous1 bid of $485,000 for
the theatre building/
Assuming sale of the Ziegfeld Theotr* at a
equal
price
to
15ft
roughly
the
of
entire face amount
of Hearst*1
Brisbane
Properties 6s, the bonds will continue as a mortgage en the
valuable Hotel Warwick, and upon certain other properties.'/The
trustee will consider bids Jan. 18 for these properties, including "'the.
more
Hearst-Brisbane Propierties first fee. and leasehold'6,k
quoted at around 46 bid, up from around 30 earlier "this
("Wall Street Journal.")—V. 146, p. 1401; V. 120, p. 3195.;
•
Hotel Warwick,
are
now
Hercules Powder
Life
Promoted—
Insurance
7
-■'V-7;;
of
Co.
-7>
Hill Manufacturing Co.—Tenders
.
has announced the appointment
$1,308,985
461,807
,
Depreciation
-
Other
137,652
^
taxes—,
Net
oper.
Other
income
Balance
—
.
237,809
94,466
$1,028,518 $14,896,289,$12,424,084
324,958
4,856,653H *,062,216
50,199
715,084
678,864
133,650
1,645,438 .'
1,593,122
"
195,334
3,211,497
1,973,925
60,400
1,188,573
1,115,361
12,689
$262,571
$3,291,731
amort—
Total
•50,951
$284,760
$2,949,643
100,813
102,154
•1,227,973
$160,417
$2,063,757
Pfd.
div.
Net
187
6,164
3,946
income—^
$392,715
$429,776
101,361
$4,269,981
1,155,277
$3,921,705
1,148,122
$328,415
$3,114,704
$2,773,583
stocks for the period——
315,078
315,078
$2,799,626
$2,458,505
3,906,796
3,266,693
income
94,435
deducts—
$298,280
income—
Balance
584,967
requirements-
—
Balance for common stock——.
profits
•
amounts
$1,478,790
provision for
p.
and excess
328,263
taxes—.—s.
2191.
Oct.
31,
1943
shown above for Federal income taxes include pro¬
(1942—$1,093,229),
after
credit of $254,154 <1942—$106,894.—V.
257,133
$1,132,414
Houston Natural Gas Corp.—Correction—
the 12 months
deducting estimated
vision for estimated excess profits taxes of $2,287,388 for
post-war
.
——
Fed. inc.
-V. 158,
ending
$'4,263,817^ 83,917,759
$429,589
938
revenue—
Divs. applic. to pfd.
$1,717,382
584,967
.
1,232,261
——$183,946
1943—12 Mos.—1942
$391,777
"Includes
Balance
1943—Month—1942
(net)—_
oper.
Gross
$3,000,594
1,403
(net)
-
Net
Other -income
,
$3,279,042
Co.—Earnings-
Houston Lighting & Power
revenues—electric
$1,652,386 $1,487,523 $19,007,059 $16,272,812
"Total oper. rev, deducts, * /1,260,609 l. 1,057,934
14,743,242
12,355,053
1,,
$263,975
.
Oper.
Mos^-io4?;,V
$284,946
Boston, Mass.,
Period End. Nov. 30—
,7'7%^',^,-;.*/
185
revenues-
—
and
92,304
.
Sought—
National Bank
of Boston,
trustee, 28 State St.,
will until 12 o'clock noon (E.W.T./) on Dec. 28, 1943;
receive bids for the sale to it of first mortgage convertible 10-year
•extended 6ft
bonds, due May 1, 1945, to an amount sufficient to
exhaust the sum of $40,000 at prices not to exceed 105 and interest.*V. .157, p. 1743.
Merchants
The
as
1943—12
1943—Month—1942
revenues„^_
share.—V. 158, p. 2362.
America—Officials
of Jan. 1, 1944, of
He has been
associated with The Guardian since 1939, when he joined the Invest¬
ment Department of the company.
> ■
The appointment as of Jan.
1, .1944, of Richard V. Mackay as
Assistant
Counsel
was
also announced.
Mr. Mackay has been
a
member
of
the company's
Law Department since August, 1940.—•,
v. 158,.p. 671.
■■■■
y
"
•
:■ :;: •.1
Operating
Co., Inc.—Secondary Distribution—
Blyth & Co./ Inc., on Dec. 22 offered 1,000 shares of
common stock
(no par) as a secondary distribution at
$83V2 a Bharer Concession to NASD members was $1 ¥2
the
the
a
Guardian
Note—The
that
from
Sept.
; :
adjourned meeting.—V. 158, p. 2362.
,
directors
Sheet,
Ilazel-Atlas Glass Co.^-Wins Review—
General American Investors Co., Inc.—$1 Com7Div.—
The
Balance
1,719
at
made on a
19 purchases by 12 firms and 1,130 shares
respect to Christmas business will be available.
Aeticn on
dividend usually declared and paid in January will be taken at
Interest
,
3,124
89,990
102,500
625,000
,
,
with
Federal income taxes—
the
1.
125,000
hand——
on
id 1943 and $19,233 in 1943.
largest allotment and 20 shares the smallest.—V. 158, p. 2362.
Operation
Dec.
'
-
/
$194,924
employees' pension fund
Mortgages''payable—^—Common stock ($1 par),—.—
Paid-in :• surplus
in
4,515 shares and allotments were
Maintenance
on
125,665
Total'
share with a commission of 75 cents.
Hose
17
125,000
;
48,210
'
Earned surplus,
company,
Period End. Oct. 31—
1943^.this1 comp-rr'
Dec.
69,530
$195,202
bonds and notes receivable-
Miscellaneous
Building in Philadelphia Approved—
Gulf States, Utilities Co.—Earnings—,;
7\,.
•
equipment,
on
109,206
$170,498
stamps on hand
refund
Accounts
The preferred stockholders at a special meeting held oh Dec.
16
overwhelmingly approved the management's-proposal to sell the prop¬
occupied by the Philadelphia store.
The a-eal estate, owned by
the Ninth Ward Realty Co., a wholly-owned subsidiary, and leased by
Gimbels-Philadelphia, will be sold to a group of institutions, including
Cornell and Princeton Universities, for $5,000,000, of which $1,000,000
shall be paid in cash and the balance in mortgages to be assumed by
H.
The.directors
$243,133
Accruals'
George Taylor Co«klin Jr. as Assistant to the President.
Dec.
share
per
of
45,730
$279,705
Deposits on containers,,—
fFederal income tax payables—
quarterly dividend action on the preferred stock.-
_
directors
33,190
$264,732
bonds and ctfs. of indebtedness,,,,;
Liabilities—
erty
The company
cents
16,083
$158,588
taxes.
notes
interest
Accounts
held
Fundamental Investors, Inc.—20-Cent Distribution—
holders
.17,941
$2,284,313
Continuing the custom of recent years, the meeting of the directors
on Dec.
15 was adjourned to Jan. 6, 1944, at which time results
holders
company,
20
$288,864
-V :
revenue
Post-war
trading of
The
$297,922
(II. L.) Green Co., Inc.—Meeting Postponed—
is approved by 66% ft of the
provided less than 10ft of the
thereof have not objecte'd to
only
in urging that the application be granted, said that
the security was relatively light in volume, that the
prices did not reflect the changes in the financial position of
the company, and that a ready over-the-counter market would exist
after the delisting.—V. 157, p. 2448.
to
$295,787
$344,588
186,000
Inventory of supplies
Deferred charges
market
of
12,099
$362,529
tProperty
a.,-'----7--";
Uncompleted construction job orders,
/.Trademarks and. patents—
1942
1943
year.
removal."
The
the
18,715
:
Inventories ——'
2252.
on
Sale of Store
was
listing
then
individual
157,
27,623
—
basis of
from
and
fide
$924,195;
501,121
$268,165
:investmentS':w,,,_i,,,,,n^,,,_-,^,'H.„--:n^,,^-/
.
Bids
Commission: Vindicated.''
of
158, p.
at the same time as
per
Mr. Healy referred) ito a rule of the Chicago Stock
Exchange, adopted
two weeks''before the company filed its application to delist,
which provides that a stock shall not be removed from the list "unless
proposed
•
11,845
—
deposit and
on
U. S. Govt,
on
the common stock, payable Jan. 25, to holders of record Jan. 1.0.
Payments of like amount were made on June 10, Sept. 10 and Dec. 10
of this year.
No dividends were paid previously on this issue.
The company announces that the current dividend is the fourth on
the common stock within the current fiscal year and was declared
at this time in order to make consideration of common dividends come
only
the
$276,764
stock
com.
Accounts .and
ing of 3,400 shares of common stock, made on the New
York Stock Exchange Dec. 17 by Smith, Barney & Co.,
was
oversubscribed.
The stock was offered at $33 V2
exchange rule,"
Healy i wrote.
"It permits 10 ft of the security holders,
owning perhapsno more than a fraction of 1ft of the stock out¬
standing, to frustrate' the wishes of holders of a very high percentage
of the total stock,.", This matter should be studied
by our staff and
appropriate: recommendations made as to whether revisory action by
number
$279,207
1,006,134-
$350,685
Consolidated
(W. T.) Grant Co.—Special Offering—A special offer¬
Commissioner
outstanding
\ 146,310
income
on
Cash
2468:
p.
:
;:
"
proposed transaction will be highly
resulting in lower annual fixed operating
costs, an improved balance sheet through elimination of mortgage
debt and real estate, and a savings in income and excess profits taxes
through establishment-of a tax loss on the sale.
The building will
continue to be leased by the department store.
The sale is subject to a
20-year lease of the property to Gimbel Brothers commencing Jan. 1,
1944, at a net annual rental of $365,000, and four successive renewal
options, each for a £9-year period at a net annual rental of $100,000,
—v. .158, P.'2362,;
:
; - 7
Company was permitted Dec. 9 by the Securities and Exchange Divi¬
sion to withdraw its common stock ($1 par) from listing and registra¬
tion on
the
Chicago Stock Exchange, but Commissioner Robert E.
Healy, in a concurring opinion, urged that an investigation be made
of the Exchange's rule making the withdrawal possible.
the
150,209
Assets—'
share
G. Herbert Marcy, A. Craig Smith and Louis H. Young
Vice-Presidents,
and
Amory
Coolidge was elected a
fill the vacancy created by the resignation of John
to
beneficial
Fuller Manufacturing Co.—Allowed to Delist Stock—
"I have
179,027
income—,,—^—,
Divs. on pref. stock—,,
—Jan. 1 to Dec, 14—
$34,150
the purchasers.
The management states that the
etc., $455,847; payrolls, salaries, sales¬
commissions, etc., $218,334; accrued taxes, $174,330; accrued
affiliated companies, $4,072; Federal taxes on income (esti¬
mated), $1,197,000; class "A" common stock (236,293 shares, bo par),
of
earned surplus,
525,536
177,491
$1,930,330
16,
elected
The directors
Liabilities—Accounts payable,
070;
$37,450
Gimbel Brothers,
(less post-war credit
$149,000 in 1941 excess
men's
$1,181,465; class "B"
Dec.
Gaston.—V.
Assets—Cash
in
banks
and
on
hand,
$2,346,282;
United States
Treasury certificates of indebtedness (series A, B and E, Tax Savings
notes,'series B and C and Defense Savings bonds, series F), $2,854,304;
accounts and notes receivable
(including $85,726.76 current accounts
of affiliated companies), less reserve, $1,446,075; merchandise inven¬
tories,
$3,315,735;
post-war credit on Federal excess profits
tax,
$80,800; miscellaneous receivables, securities, etc., less reserve, $21,405;
investments in and advances to affiliated companies, $1,125,223; sun¬
dry notes receivable, secured by pledges of capital stock of affiliated
companies, less reserve, $52,395; due from employees for purchase of
class "A" shares of company's capital stock, $28,812; fixed assets (net),
$983,529; advanced traveling and other expenses, $21,544; total, $12,276,103.
/',.'■
'ft-ft.../.'
' h.
losses
575,271
exps._
charges—,
Beverage
and
$954,953
Net
7 7
2468.
p.
director,
"Includes $643,500 in 1943 and $505,700 in 1942
of $71,500 in
profits tax.
$1,022,462
income—:
Prov.
Gillette Safety Razor Corp.—New Vice-President, Etc.
$298,958
$2.58
$2.53
A
$1,082,178
554,003
income_______-
Gross
$100, payable Jan. 1
period from Nov. 1 to
1942
1943
revenues
158,
were
236,-
on
Earns. per shr. on 327,414 shrs. cl. B stock.
shrs.
—V.
On
$338,991
$233,600
$211,932
shr.
per
Operating
$1,098,231
799,273
$1,238,739
799,428
dividends.,^.
"'Surplus
Earns,
Period—
213,000
$1,831,324
$1,011,360
profit
Common
1,124,235
Profit from operations
income credits-,;
.
of General
Georgia & Florida RR.—Earnings—
$1,423,425
112,194
charges
Federal
'•
$2,119,860
income
1,298,477
7
number
of
—Week End. Dec. 14-
Total
1,374,808
admin.
Co.—Initial Preferred Div.—
Rubber
&
have
4Vs>ft
new
holders
Dec.
$1,297,227
269,126
profit
Operating
$2,079,188
(net)
exps.__
and
Gen.
Federal
Other
-ft 1940
1941
$2,320,939
profit
Sell,
and
common
General Tire
The
1940
1941
-
$3,480,919
1,572,298
$3,500,478
1,649,744
expenses
Gross
V
1942.
$2,456,986
goods sold
Income
'
1942
1943
Years Ended Oct. 31—
profit
Cost of
(& Sub.) —Earnings—
1943
'
Other
...
Gross
,
.
Florsheim Shoe Co.—Earnings—
Operating
$1.70
•,
after
$756,093,'compared with $1,902,772 and $911,020,
Years End. Sept. 30—
sales—
quarter increase is due primarily to the issuance of common stock in
connection with the acquisition by General Motors of the assets of
the Yellow Truck & Coach Manufacturing Co.
/ft;.
There were 400,400 holders of common stock and the balance of
21,545 represents holders of preferred stock.
These figures compare
with 392,840 common stockholders and 21,540 preferred for the third
quarter of 1943—V. 158, p. 2468. >•*■'
vft-//'ftft'ft
New
.
•:
were
Net
preferred stockholders for the fourth quarter of
1943 was 421,945, compared with 414,380 for the third quarter of 1943
and with 413,349 for the fourth quarter of 1942.
The 1943 fourth
tork,, an Electric Bond & Share stockholder,
objected to the SEC's stipulation that future hearings would be open
only to introduce results of competitive bidding.
Mr. Okin objected to
American's proposed capital contribution of $22,000,000 to Florida.
At the close of the session, Dec, 21, he requested permission to; Submit
a
brief.—V. 158, p. 2468.
'
<■ :
"3 f.7
Vy".
H
J'-.
■
corporation
Motors
preferred stock, no par value,
Okin,
'7-
taxes
"
The
and sell through com¬
petitive bidding $45,000,000 first mortgage bonds, $10,000,000 of sink¬
ing fund debentures, and $5,000,000 serial notes.
The proceeds would
be used to redeem $52,000,000 presently outstanding first mortgage
bonds and to redeem 142,667 shares of publicly-held Cumulative $7
Samuel
:7
Announced—
ers
,$1.35;
•
549,272
$241,018
surtax, Federal excess profits tax
Harvard Brewing Co. (Del.)
has been
Stockhold-'
General Motors Corp.—Gain in Number of
Among other things, Florida proposes to issue
.
•u
.
Shipments for the first 10 months of 1943 were less than those for
the corresponding 10 months of 1942 by 2.63 ft.—V. 158, p. 2469., 'ft
"
After 39 years of service with this company, W. M. Stearns,
trade relations and special contracts, will retire Jan, 1, it
public offering of securities.
of the
resuits
State
:$790,290:
.
326,553.
.-■"'/
and
17,119
,
$517,385
$190,834
,
—.
respectively, on Oct. 31, 1942.
;
of the Electric Bond & Share Co., has been adjourned to be
at the trial examiner's call for the purpose of presenting
Federal
current liabilities
by E. O. Shreve,-Vice-President.
Mr. Stearns will be suc¬
ceeded by W. A. Sredenschek, who for the past three years has been
Assistant Manager of trade relations and special contracts.—V. 158,
p. 2463.
-'.'n "ft:ft:
-h''--ft.;•
by
Light Co.—Hearing Adjourned
&
.,14,67.7
.
V
2
HI
$807,410
.
'
.
announced
Florida
other
:11,309
deducting post-war credit
(estimated 1943, $16,858, compared with $43,446 in 1942),-,,
:
Current
assets as of Oct.; 31, -1943,
amounted tb $1,815,040: and-
General Electric Co.—Official Promoted—
of
bonus,
inqome:;before7axes-,i-7_v7--r,,',l._7_»,
':
$796,101
'
$532,062
_
"Provision for Federal' income and
■
V'"". ■r:
11,638
:
a
1942
■
■1 -,$52<),424 ■
Provision f or taxes-^iftft.—--ft-;.
and
regular semi-annual
.
Jan.
corporation is now producing electrical conductors at the rate
nearly a billion feet a day,; it was announced by Dwight ,R. G.
1943
-
>
—i—HA;
/operation-Sw^-H—_ft
Net:, profit—..
Profit per share___,
Palmer, President.
"Present volume of production, the largest in the
corporation's history,, has, in part, been attained by expansion of
at our St. Louis, Buffalo and Pawtucket plants," he said.—
V. 158, p. 1857.
'
ft/':
ft
Dividend—
Fidelity-Phenix Fire Insurance Co.—Extra
.
'<
The
of
:
Unfcome_j4.^^77---~'A-—
7 Net,
General Cable Corp.—Production at Record—
Bonds—
Federated Utilities, Inc.—Purchase of
from
i
'■'<'ft
J.'-..
7-
:
' 7-7
Other charges,, incl, prov., for officers'
Dec, 21 declared a dividend Of 15 cents per share;
stock, payable Feqf 1 to holders of record Jan. 18.
distributions 'wCrC ' made each' quarter during 1943:—V. ~158,
the
COi^—Earnings—
Ended Oct. 31—'*
Total income—.:;.—
*
.
•
10 Months
•
General Baking Co.—15-Cent Dividend—
on
Haloid
<
.
George W. Burpee, Fresi^ehC. announcesthat the. name of, its |Agfa
Ansco division of Binghamton,.N. Y.Vhas beeii, changed,to Ansco divi-,
Vision. It Is a manufacturer of photographic materials.—^y... 158, p.,983.
.
.
Monday, December 27, 1943
"Agfa?'—
General Aniline & Film Corp.—Drops
and New Mexico
extending 50 miles into Trinidad, Colo,
Thi company also announced its intention of retiring all its out-n
standing preferred stock by payment of the liquidating value of $100
per share,
In addition, the plan calls for the company's disposition
of
the
three
subsidiaries operating in the
states of Missouri and
Wyoming.
V
•'
v
•
•■'
■
Since the passage of the Public Utility Holding Act of 1935, the
company has disposed of all its interests in 14 former subsidiary com¬
panies and has recently filed an application with the SEC for the
approval of the sale of the Rawlins Electric Co. in Wyoming,—V, 158,
p. 2467.' •'
■would provide utility service in the states of Arizona
vith
FINANCIAL CHRONICLE
&
THE COMMERCIAL
2380
158, p. 2046.
-
In our
issue of Dec.
corporation iiled
.
13
a
news
with uie SEC a
item appeared to the effect that the
registration statement referring to
Volume
the
proposed issuance and
($50 par), stock.
The
for
There was
,
over
a
period
.
months
shares
•(96,140
5%
cumulative
of
•
for
depreciation———
Prov. for Inc. and excess prof, taxes
amendment to
corporate .action had been
10,000 shares of its out¬
stock.—-V. 158, p. 2362.
"
preferred
•
Net
port—
Consolidated
Wr'V '-vv'V/:-V '/v^
Years
Account,
Income
.
Ended
Aug.
31
.
,
$120,814
16,083
16,083
Net
32,166
26,805
Income
$1.59
$1.95
:
•
dividends
32,166
share_^._——_r
per
providing for all selling and
53,610 shares of no par common stock. '
After
Balance
V (Including wholly owned subsidiary companies).
1943
Assets—Cash
1941
1942
(less
sales—___
Gross
.
—
Fold__A-#^-U--~~-^ 104,929,620 113,803,129
sales...-—:
pr
inco?
Other
Total
36,689,292
37,088,328
~
'. 680,265
37,768,593
37,237,009
deprec., etc._L__ / 16,028,051
19,495,093
income.,
Sell, and gen. ekp.,
Prov. for inc. and excess profits taxes
*9,118,337
profit——
A-#:
on preference stock——
Net
for
excess
7,123,579
560,618
tax test.),
profits
.
A
....
V
■
Liabilities—Accounts
■=
,
accounts
A'V-'.;
■;
receivable
6,921,970
560,818
$1,173,107.—V.
157,
$7,950;
earned
Cash
''-v;
ri'T"
Receivables
(less
i
Inventories
3,651,130
17,182,152
385,677
1,273,674
Av'-'/'A'A
17,255,484
66,487
1,795,006
.
V :
!
380,185
Cash surrender value of life insurance policies—
Investments
—
Land, buildings, plant and equipment (net)
Refundable portion of excess profits taxes—
Prepaid deferred charges———
:
Goodwill,; processes
trademarks.
and
_
record
•and
$8,819,665
943,000
24,205,934
43,195,428
357,314
3,640,732
banks
in
securities
Liabilities— ■
;:A A/ A'■
$2,889,256
taxes.—■/_—_AA—-A-AAA—
12,390,158
Reserves for
Dec.
•
Feb.
on
John
surplus,
$485,525;
721,537
payable Sept. 15 on common sharesDebenture and debenture stock interest accrued
due
Debentures
Sinkind fund
within
174,606
,
Deferred
income
::
Common stock held
Dr88,565
28,
158,
Jan.
2,
1943,
of
.;A A:'A.
York
New
of
($20
the
income
tion
Ur88,565
of
Co.—V.
158,
2191.
p.
Exchange
corporation
from
Listed—
Net
•;
debentures
on
Other
debt
of
Amortization
petitioned
has
Co.)
exemption
has
the
authorized
listing
from
earned
surplus
on
Net
or
stock
capital
to
income
issue
due
of
U-50
Securities and Exchange Commission for an
competitive bidding requirements of the Com¬
and
asked for authority - to sell the proposed
first
$65,000,000
and
mortgage
collateral trust bonds,
Net
of
above.
sold
engineering expenses.
net
profits
countries
286,875
of
not
U.
Federal
S.
the matter Dec.
27.
;v.
.
■
•
;.
commercial banks at private sale
serial notes of between $4,000,000 and $5,000,000.
It plans to
use the proceeds from the sale of the bonds and notes,
together with
other cash,
to redeem its presently outstanding first and refunding
bonds, series A and series C, in the total principal amount of $69,i856,600 at their redemption prices plus accrued interest.—V. 158, p. 2046.
The
also seeks to sell to
company
2% '/o
Canadian
and
income
699,464
$7,525,208
securities
and
(at
Sheet
Balance
Dec. 31, '42
$11, 212,974
$8,514,372
;
cost)
Years Ended
sales
Treasury
taxes,
welfare
and
'
sales
of
Cost
maint.
'
1942
1943
expenses
Profit
$5,009,796
$3,946,572
and
office
and
914,609
543,409
339,373
$2,383,752
10,670
$1,687,081
356
deducting interest charges
gold debenture bonds.;
$2,394,422
/ 968,659
gold debenture bonds——__
1,632,375
$1,687,437
1,018,159
1,655,509
522,201
528,275
before
Net
profit
Earnings
inc.
Crl8,068
V
160,000
60,000
conting.—
.< '
$464,763
$4.88
$439,258
$4.56
—
share——
per
166,313
8,112
86,335
tax_
for
199,969
Crl,096
(net)_
deductions
for Fed,
1,938,705
$489,976
$532,608
Reserve
2,625,180
$666,696
operating profit__
Cr7,334
76,000
$143,126
17,254
300
Canadian
buildings
goodwill
501,647
excess
and
aggregating:
$1.70
per
$125,572
$1.32
the out¬
standing capital stock during the
consideration.
American
Zinc
Co.
of Illinois
(subsidiary of American
Smelting Co.) had leased the properties for a period
and made extensive additions and greatly increased the capac¬
smelter. American Zinc Co. of Illinois, as lessee of the
property, had an option in the lease to purchase the property at any
time for cash payment, and that company exercised its option effec¬
tive March 30,
1943.
Illinois Zinc Co. applied sufficient cash from
this sale to liquidate its term bank debt in full, which, at that time,
amounted to $135,000, and the remainder has peen added to working
Zinc,
Lead and
of years
ity
the
of
capital.
.
Consolidated Balance
Sheet, Sept. 30, 1943
Assets—Cash in banks and on hand,
$338,535;
3,302,300
other
1943,
$38,456;
$135,803; dividend payable Nov. 15,
$207,187; portion of liability under
within one year, $7,809; long-term con¬
for contingencies, $140,400; capital stock,
payable,
accrued liabilities,
15-year lease and option due
tracts,
$381,182;
reserve
56,435,616
10,354,553
(net)
4(2%
on
5'.o
notes
on
Amortization
to
Interest
Other
of
only
and
Canadian
S. Treasury
Advance
payments
on
payable on
Reserve
for
10,429,553
120,377,670
subsidiary consolidated—
a
interest
charges
primarily
engaged
West
Indies
and
$981,413
income
consolidated
statement of
The
accounts
the
$1,776,627
.
accounts
includes
parent company, its subsidiaries which are
the operation of telephone properties in the
South America, and certain of its subsidiaries en¬
the
of
in
Electric
Corp.
American Cable As
its
and
Radio
subsidiaries
Government
manufacturing
(principally
and its subsidiaries/ the Spanish Tele¬
Corp.
the Shanghai Telephone Co. and
/•
'•
>
?
(parent company only)
for
ended Sept. 30, 1943, includes the full amount of
interest, management fees, etc., accruing from the Chile Telephone
Co., aggregating $441,408, as a result of the relaxation of exchange
restrictions in
Chile, whereas of a total of $479,199 of such items
accruing in the first 9 months of 1942, only the amount of $246,019
the
subsidiaries. ./'•
German
in
cash
that
for
the
in
of
the
the
income
Cuban
Telephone
dividends
quarterly
of
account
the
income account also includes
The 1943
stock
regular
$348,090,
,
included
was
period.
common
Co.,
•
account of the Corporation
The income
the 9 months
(2)
tion
Telephone
Mexican
phone Co.,
having
Co.
been
9,761,175
17,721,788
subsidiary in the first quarter of .1943.-v ;
(3) No provision has been -made for losses as
10.447.423
—V.
in
the
corpora¬
dividends
of
amount
resumed
that
by
.
contracts-
77,500
17,000,000
501,647
1,000,000
2,000,000
1,000,000
33,490,916
31.898.424
31,243,023
.
.
v;.
the war.
29,977,798
for
seven
,
has
French
been
elected
Co.—New Sec.
Insurance
Secretary
to
succeed
Charles
J.
years.
Charles
10
years
Ladd
N.
has
been
elected
an
Assistant
Secretary,
following
158,
Assistant Manager of the Personnel Department.—V.
as
1533.
.p.
158, p. 2047.
L.
Elmer
Life
Diman, who retains the office of Vice-President, Guy W. Cox, Preslc..
dent, announced on Dec. 15,
Mr. French was an Assistant Secretary
140,957,572 120,377,670
——_
A'ViVy/Av;
1348.
p.
Hancock Mutual
John
493,562
2,990,375
;
158,
result of
a
77,500
17,000,000
property-
surplus
-V.
253,030
5,945
6,443
..2,643
246,655
expense
22,809,620
14,794,017
(estimated)
stock
Earned
and
17,050.473
taxes
tax notes
contingencies
Capital
discount
debt
'loss A_A1AA—---A-—_A__
Net
on
.10-year.; 2 (4 Sv sinking fund debentures
Reserve for general company welfare—_:
Reserve for after-war adjustments—.—
A-v:
:
■
Joy Mfg. Co.—Election of Directors—
Match
International
Realization
Co., Ltd.,
Hamilton,
The
trust
said
have
directors
share
per
of
on
seventh
a
liquidating
dividend
of
the
$23
capital
Feb.
shares
1944,/to holders of voting trust certificates
of record
at the close of business on Dec.
28, 1943, who are not
blocked countries or nationals thereof.
Unexchanged certificates of
deposit of either protective committee for debentures of International
Match Corp. will entitle the bearers thereof to receive this dividend
on
the time such
at
15,
certificates
exchanged for 'voting trust certificates
capital shares of this company, but the dividen'd will not be paid
until the exchange is made.
Holders of unexchanged certificates of
.deposit should therefore surrender them to the respective depositaries
to insure prompt payment of this, as well as the six previous liquidat¬
ing dividends.—V. 158, p. 393.
Ingle,
International
Nickel
Co.
of
Canada, Ltd.—Expansion
Robert
part
as
"This
C. Stanley,
follows:
Chairman
•
President,
on
while
H.
Ingle
was
p.
mine
company
shafts
and
equipment,
and
refining
the
and
as
installation
of
surface
well as the. enlargement of
works.
Through
this
plan
the
of
21
stated
in
ore
its extensive war
properties, sinking
plant
smelting
company's capacity has
and
underground
concentrating,
the independents'
contest,
and A.
'
W.
Breckenridge
also
elected
a
2469.
.
S.
Knoizen, Vice-
,
Kansas City Public
1
Period Ended Oct. 31—
Total
revenues———_•
"Taxes,
Taxes,
Robert M, Dale were defeated.
Vice-President of the company.—V.
and
Mr,
158,
'
costs
-
general—
social security—
charges
addition
taxes
income
*In
1943—10 MOS.- -1942
$9,773,571
555,379
$864,570
490,946
5,375,338
S7 ,072,64-3
4 ,685,907
27,479
18,505
364.098
185,479
to
these
7,276
6,694
72,542
63,167
19,589
143,253
218,317
74,643
72,281
756,988
711,955
205,000
62,500
1,696,200
625,009
$145,190
Depreciation———
Net
Service Co.—Earnings1943—Month—1942
$1,024,850
9,884
-
tRes. for inc.
this year neared completion
expansion program involving opening additional
otf
Dec.
in
Reelected by the committee were J. D. A, Morrow, President; George
M. Gillies Jr. and Don Rose.
Chess Lamberton, Vice-President, and
William E. Barrow were reelected by the group formerly in control,
Fixed
and
by the committee as new members of the board were David
leader
Operating
Program Costs $35,000,000—
stockholders' committee elected five of the seven
and continued the present management, at
held Dec. 17 in Franklin, Pa.
company
President of the company..
are
for
this
annual meeting
Elected
and the voting trustees of the voting
have directed the company to pay the
the capital shares,
said
dividend
declared
An' independent
directors of
Bermuda—Liquidating Dividend of $23 per Share—
customers'
Liabilities—Accounts
1,464,000
55,368.534
property
U. S. Treasury notes,
accounts receivable
(less reserve for doubtful
accounts of
$13,031), $283,935; sundry accounts, receivable, $13,083;
inventories, $378,126; fixed assets in use (less reserves for depreciation,
depletion and amortization of $200,814), $1,423,687; fixed assets not
in use (less reserve for depreciation of $6,748), $59,842; patents, $1;
deferred charges, $32,007;
total, $2,544,222, •
$15,008;
1,109,537
493,562
9,186,530
profits
payable and accruals
Federal
less U.
Total
share were declared on
fiscal year ended Sept. 30, 1943 as
compared with $1 per share during the preceding fiscal year.
Company sold and transferred as of March 30, 1943, its smelting
properties at Dumas, Tex., to American Zinc Co. of Illinois for cash
Dividends
Accounts
25,000
$396,310
$4.16
on
Interest
Interest
,
•subsidiaries located in various countries of Europe and the Far East),
140,957,572
Mortgage
4,069,642
273,458
3,086,710
327,253
provision for deprec—
Other
$2,248,144
'
.-
Sell., gen. & admin, exp.
Prov.
$3,315,125
including
repairs
254,313
183,509
633,075
net
etc.,
5efore profit on foreign exch—
foreign exchange, net—Ayr-J-w-----*:
on
received
S.
...
82,026,459
1,386,191
41,803
6,333
363,055
14,695,043
5,979,808
6. 300,641
Liabilities—
1940
••
gaged in business wholly in the United States; The accounts of the
following subsidiaries have not been consolidated: International Stand¬
2, 050,183
etc._^.
fund
(net)/:.—_-____—________w—
U.
'
Net
1941
>
15,157
■/
Rent and portion of expenses—
Total gen. expenses, taxes, deprec.,
ard
credit -(estimated/—
post-war
Factories,
discts.,.
allowances
&
returns
•
Sept. 30—
less
.
2.000,000
9, 213,179
company
Illinois Zinc Co. (& Subs.)- -Annual Report-
net-—:,
income,
10,069,650
.
—
insurance,
Patents
531,256
22, 741,486
contracts
.
General
taxes
$1,240,885
967,330
7, 000,000
expenditures and work in process
munitions
Prepaid
.
1942
1943
$1,584,774
—„.-i.—-W
■
Only)
Company
12, 912,075
(net)
Investments
V
Account'(Parent
Income
of
(incl. foreign taxes on interest and divs.)
for depreciation_^_^24._—^'-._w-----Rent to International Telephone Building Corp.
$7.24
sept 30, '43
receivable
accounts
Inventories
S.
and $215,085 at
in cost of goods
1
<'/''■
■■■•>
■■
■■
—1,472,258
122,612
7,330
351,801
Deduct charges to subsidiaries:
Management and. service fees
—1,137,417
General
6,259,983
w,
;
Total
Gross
and
19,379,900
•/,V
Unreimbursed
U.
2,643.
.
Net earnings
not consolidated——
-
on
$970,957
Taxes
to
profits taxes (estimated)
Assets—
S.
$3,294,542
—
interest
Notes—(1)
U.
-
foreign
subject
$26,905,108
for
profit for period
for period
Notes
3,201,543
253,030
Provision
$25,919,394
branches J in
and
Consolidated
the
246,655
,
Total. earnings
75,000
■.
•_
Earnings per share on 1,039,546 shares—
Commission that it deemed it expedient to
proceed with its refunding operation at this time.
In view of the
size of
the proposed issue and
the'present state of the securities
market, the company said it believed it could sell the bonds to better
.advantage at a negotiated sale to institutional investors rather than
•through competitive bidding.
'-V' w-.V/.v'v-V.;'*•••'■•Vvv
The company asked the Commission to act upon its petition promptly
so that the proposed sale may be consummated by Jan. 21,
1944.
In
compliance with the company's^xequest the SEC will hold a hearing on
told
company
3,123,235
.9 Months Ended Sept. 30—
Total
798,181
j
1
—____
undistributed
and
from
1973, at private sale.
The
106,396
$4,428,573
for depreciation of $380,436
tOther than depreciation included
/•
Statement
'
990,375
.
patents
Dividends
series
252,168
188,979
provision
dates.
•respective
9,082,901
;
profit
excess
Power
397,132
and' expense—__
—
Miscellaneous
Adjustments
control or blocked exchange,
Provision
to Illinois
Cr78,833
$6,664,432
and notes——_______
discount
income
"Including
•
Sept. SO,*1943 A
profit
enemy
the
the
from
Rule
mission's
to, be changed
1,472,477
151,424
413,384
chargesv_WA-~—•
interest'
Net income
(name
1.73,666
charges of parent company:
Interest
.
109,843
477,721
Cr98,918
________________A_—L_r—-
income
Royalties from foreign licensees-—^—207,900
ding Rule—Would Sell Bonds Privately—
Co.
,1,492,345
expense..#..
and
charges'
on
Net
Corp.?—Listing of Ad¬
debentures—:
on
subsidiaries
Net
discount
debt
of
Interest
Power
56,720.333
charged to construction—
pfd. stock of subs, in hands of pub.__"
Minority com. stkhldrs.' equity of net inc., net
Divs.
service and rentals in U, S. and
sales,
after-war
for
Development and
Illinois Iowa Power Co.—Asks Exemption from Bid¬
Illinois Iowa
$9,311,609
Interest
.
<•',
plant and equipment
Interest
standing.—V. 158, p. 1638, 2046.
The
$6,619,484
;
Provision
authorized the listing of 450,000
all of which are issued and out-,
par)
1,764,975
5,272,329
$9,142,344
169,265
______————————————.
interest
Other
$89,969,471
Cost of sales, service and rentals/and operating expenses—
52,816,745
Depreciation of rental machines, depreciation and amortizar
Stock Exchange has
stock
i,826.465
.
Charges of subsidiaries consolidated:
on
long-term debt—
/
common
etc.)
before profit on foreign exch.„
earnings
Amortization
share, totaling $1,674,532.
per
Gross
Idaho Power Co.—Common Stock
to foreign govts.,
taxes
foreign exchange, net—
on
Net
2469.
p.
(incl.
Net earnings
notice of
Canada,
96,644,843 100,279,051
-
369,363
revenues
gross
taxes
Profit
of
1944,
official
Amortization
shares
on
158, p. 985.-vAA
Coal
Stock
York
books
Gross
19,994,448
11,216,360
23,107,317
112,193
507,010
/Total dividends
847,240
17,330,180
by subsidiary..
——A-A_
Total
The
made
were
Consolidated Income Account for Nine Months Ended
,
2,785,114
11,216,360
17,330,180
25,792,625
Earned surplus
25,454,218
operat.
net__.
Capital Stock—
Jan.
on
$32.2168
642,500
90L310
6tock___AAAAAAAAAAAAAA:
Common
the
369,860
2,785,114
9,640,708
$1,150,22-3
—
tProvision for depreciation——5,417,393
51,977 additional shares of, capital stock (no
issuance as a stock dividend, making the
total amount applied for .1,091,523 shares.
Against the issue of the 51,977 shares there will be transferred on
21,529,215
—
'Foreign exchange adjustment in consolidationReserve
for
contingencies—
Cumulative dividend tedeemabje pref. stock
-V.
distributions
Similar
24.
28, .1942.—V.
New
after
par)
422,874
916,917
19,930,240
——
debt—-llAA-A—AAA—__—AA--
The
1,100,000
payment-—-
Other accounts and accruals
Funded
•
1942 .
10,790,934
'
.——
Other
a dividend of 10. cents per share
50 cents per share, payable Jan. 1 to holders
par
Westmoreland
ditional
202,612
1,100,000
441,901
year
A
$2,924,450
income,
Interest
140,204
721,537
■
;■
important subsidiaries as indicated, below)
Sept. 30—
earnings
———$29,027,688 $24,739,105
Operating, selling and general expenses——
8,656,914
7,818,869
'Maintenance and repairs----—A——w——— '
3,563,375
3,007,299
Federal income taxes
'
421,197
256,143
A.. Diemand,
and
Co.
$9,881,416
Dividend
Subs.)
(&
•' A A
.
goods sold—A'~—32,097,610
Total
total,
President; announces the election of Marshall- S.
Morgan as a director of the. company, to succeed the late Henry G.
Brengle.
1: yA
T;:■ A-:.'AA Ay-A1., AAA ;A:"v 'v.-v..; A:. Mr. Morgan is President of the Fidelity-Philadelphia Trust Co.
and, among other things, is a director of the Philadelphia Saving Fund
Society, Philadelphia Transportation Co., Lehigh Coal & Navigation
'
15 on pref. shares^.—AA
Dividend payable Sept.
909,939
Interest
11,009,261
140,204
*
:
payable—trade
1,712,684
1,613,778
120,751
—
142,010
Insurance Co. of No. America—New Director—
2,174,795
Bank- loans.:
Accounts
A; A A-
•
2,356,276
2253, p. 2192.
p.
of
Other
AA/-''/
International Business Machines
A. r
-AA
——A---~r«~-'-
'
2,166,945
138,075
65,419
182,378
profit on sales
Telephone and radiotelephone
96,644,843 100,279,051
'Total
$5,554,31$
2,936,011
fixed
Gross
20 declared
Dec.
on
the common stock,
of
1942
1943
•
$13,983,043
—_—10,464,100
reserve)———
10,607,712
38,717,169
and
hand
on
Government
directors
on
Consolidated Balance Sheet, Aug. 31
Assets—
$6,589,280
Indiana Gas & Chemical Corp.—10-Cent Com. Div.—
The
/'AA/''''
1943.
1943—11 Mos.—1942
$481,524
172,640
215,288
—
158,
*Cost
" \ --A A*
AA'A.
over
year
1943
Gross sales less returns and allowances^-—35,022,060
payable and accrued liabilities, $88,227; pro¬
profits taxes, $101,800; quarterly dividend;
surplus,
554.
p.
for
9 Months Ended
,
in
1943—Month—1942
$565,434
oper,
.(Excluding certain
.
excess
capital
$89,350;
par),
Earnings per common share__-_i_-,
'
$12.03
$9.07
$8.78
"After deducting refundable portion of excess profits taxes in Canada
and in the United States amounting to $66,487 in 1942 and $319,190
per
:
—Earnings—
payable Sept.
1," 1943,-$10,722}, reserve for market fluctuation of
inventory," $100,000; special reserve re post-war refund of Dominion
excess
profits tax' (est.), $21,483;'cumulative $1.50 preference stock
(10,722 shares, - no par), $258,050; common shares (53,610 shares, no
2,896,015
nickel
International Telephone & Telegraph Corp.
$156,678;
$21,483; fixed assets (less reserve
automobiles (less depreciation}>
A:;.,./
ry.
avail,
depreciation-of $458,045), $216,176;
total,; $1,173,107.
4,129/271
2,893,549
bank,
$1,491; prepaid taxes and insurance, $4,418; trademarks, rights, etc., $2;
24,759,281
13,708,040
2,886,148
stock
common
on
Dominion
449,777
9,245,143
560,818
Dividends
Dividends
24,309,504
1,500,000
_
—V.
other
vision for income and
contingencies
for
in
of
2469.
p.
income
Net
fOn
expenses,
investment in Victory bonds (at cost), $176,000; invest¬
bonds and stocks (at less than market value), $5,783;
life, insurance
(cash surrender value), $27,718; post-war refund of
in
77,846,723
" -
administration
from
rev.
charges
Sheet, Aug. 31, 1913
and
hand
on
.
$438,997;
ment
;-V""
"
Canada, U. S. and Gt. Brit.-_ *12,495,399
in
Prov.
547,717
,
158,
Ry. oper. revenues——
for doubtful accounts), $124,360; inventory of merchandise,
reserve
etc.,
150,492,421 102,156,227,
142,017,948
—
$0.74
pounds
International Railways of Central America—Earns.—
f
89,000
$101,450
tEarnings.,
*
V'.
'
goods
135,866
flble ore."—V.
.dividends—16,083
Preferred
Ltd.—Annual Re¬
Iliram Walker-Gooderham & Worts,
of
27,455
$55,852
profit
Common
Cost
1941
$237,269
30,271
Period Ended Nov/30—
company for the retirement of
l'/o. .cumulative
50,000,000
International Nickel Is paying a high toll in the form of non-replenish-
1942
124,023
about
by
.
$267,588
1943
$211,138
31,263
profit
Provision
increased
the
1940
output.
The
entire
expansion,
costing
approximately
$35,000,000, is being financed with the company's own funds.
It must
be
realized that
through its present greatly augmented production
statement.; showing, that
registration
standing
."Net
"
actually filed in the last few. days was an
was
Years Ended Aug. 31—
•
2581
been
Imperial Varnish & Color Co., Ltd.- -Earnings-
underwritingTor this stock, but sales were made
time and
the
entire amount was sold several
t
taken by the
Net
earned
par), $96,140; paid-in surplus, $378,180;
total, $2,544,222.—V. 158, p. 1348.
■
shares, .no
surplus, $1,159,066;
"
,
no
of
ago.
What
the
.
liledWith the SEC on Oct. 12, 1942, a registration
40,000 shares of preferred stock, 5'/o cumulative
(par
company,
'statement
$50).
-
40,000
of
sale
preferred
,/■
'THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
158
$194,055
general
taxes,
Sl.365,151
$581,83!,
additional taxes (such as oil,
sales, etc.) have been allocated directly to operating accounts,
flncludes employees participation and contingencies.—V, 158, p. 2047,
gas,
THE COMMERCIAL & FINANCIAL CHRONICLE
2582
Louisiana
Kelsey-IIayes Wheel Co.—Listing of Additional Class
B
Stock
The
New
York
(1), The
shares
date
dividends
of
Exchange has authorized
class
B
stock
$1)
(par
621,395..
On
19,
of
class
stock
'
'
Hecht,
Inc.,
to
pursuant
stockholders
an
French
of
Hecht*
&
dated
Inc.,
29,
Nov.
agreement
provides
Co., Davenport, la.,
Trust
stockholders
who
standing).—V.
are
158,
1943.
for
dividend
extra
An
the
no
value
par
dividend
of
of
the
stock shall
accumulated
majority
Margay Oil Corp.—Earnings—
sub-
at
annual
any
unpaid
Net
stockholders,
meeting
to
elect
as
•
voting at
upon
of
vote
a
shall
return
be
eliminated.—V.
158,
Sept. 30—
and
Taxes,
admin.
other
inc.!-'/'a'''
cor¬
the
cor¬
income
22,372
20,158
last
year.—V.
Transfer
of
66,000
)821,840
$1,365,590
$821,840
$1,365,590
'
'
o
363,131
1,014,200
.
.
.
A.
record
of
Dec.
on
the common
on
March
issue cn
Distributions
21.
Dec.
of
dividend of
year-end
a
each
cents
25
283,833
1942.—V.
158,
per
Total
599,449
,
look—Interest—
Medley
com.
dividends
675,427
$1,184,971
*
675,427
this
Class
B
com.
dividends
225,711
on
//>;'.
;/'■■
Balance,
/
surplus
158, p. 2363.
G
B.
from
Whelpley,
Chairman,
in
issued Dec.
statement
a
The
ended June 30, 1943, of £576,187 as com¬
pared with £556,179 for the preceding fiscal year.
Of the profits for
the year under review of £460,950, or 80%, is applicable to service of
the three issues of mortgage indebtedeness of which £212,258 is applied
to interest at the rate of 4%
on the dollar issue of first mortgage in¬
year
the
Production
'.Stock
the
of
As
'
'
•
the
from
close
June
business
these
on
(R. G.)
items
June
on
1943—Month—1942
sales
Net
after
taxes-
stock
pl'd.
inci
per
158,
to
2,348*164
2,093,084
124.550
129,213
$4.94
$4.36
10,578
$0.44
$0.41
in
determination,
respect
amount
estimated
an
ha3
renegotiation for deliveries in 1943 on
upon results of renegotiation for
1942
to
based
2047/
p.
195,439
v
final
contracts
Government
5,489,180
div.
stock
com.
provided
—v.
6,086.947
10|318
Note—Subject
been
503,561
206,342*
requirement
Net
.
1943—12 Mos.—1942
Guaranty
agent for
Trust
of
Co.
the common
stock
York
New
no
has
been
value.—V,
par
appointed
158,
2470.
p.
has
been
called
redemption as of Feb. 1, 1944, a total of
$31,000 of first mortgage 5% gold bonds, due June 1, 1949, at 110 and
interest.
Payment will be made at the Maryland Trust Co., successor
trustee, Calvert and Redwood Streets, Baltimore, Md.
;
v
The company has also made an offer to
purchase additional bonds
.
of the
above
issue
at
and
110
ed
to
interest,—V.. 157,
2252.
p.
v
:
The
tion
its
Securities
of
the
7%
and
registration
withdraw
to
prior
the
on
Commission
Exchange
corporation
cumulative
preferred
its
has
granted
stock
common
stock
($50
par)
applica¬
par),
listing
Maine
SEC
sale
of
such
charges)__
$1,544,121
.
—V.
158,
1279.
p.
/
,
.
$7,649,179
of
The
directors
per
share
ers
of
this
record
issue
Dec.
on
declared
15
the outstanding
on
:
Dec
29.
Jan.
on
15
which
Maine
July
3)
of
63,000
67,400
$619,485
10,600
11.53.1
$445,500
A
$631,015
:
of
10
each
cents
15, 1943.—V.
157,
$0.17
/
15
of
of
An
to
Co.—Private
Sale
$0.24
...
of
bonds
all
Caribou
dated
sold
bonds
The
Lone Star
Co.,
22,
have
Gas
been
1943,
by
Commission.—V.
Corp.
and
granted
the SEC
its
successor
additional
an
to
for
of
a
of
Electric
of
the
&
Gas
Consolidated
Co.
order
158, p. 2047.
Power &
Changes In Capital
Structure—
and
Water,
Light
&
Power
certain
to
&
Gas
Co,;
ties
Securities
until
posed
Power
&
Dec.
by
The
and
Co.
for
cash
a
under
.acquisition
indenture
which
of
indenture
all
the
to
of
To
the
indenture
3%%
bonds
securities
the
of
the
&
$6
is
of
for
outstanding).
and
(1)
to
$3,000,000,
the
Credit
(2)
"reduction
$3,000,000
ordered
of
it
in
amount
first
preferred
stock, at $5
share
of
its
claim
in
second
its
on
of
Louisiana
and
its
preferred
capital
liquidation
account
liability
30,000
Power
&
with
Months
income
Ended
after
Federal
Aug.
to
retire
of
in
of
the
said
account
a
which
$3,000,000
balance
it
has
of
stock
on
or
its
liability
been
at
$100
its outstanding 60,000 shares
per share or $6,000,000 and its
on
outstanding
$6,000,000.
1,200,000
shares
of
common
terms
of
(par
$1)
official
on
notice
of
an
-Earnings1943
■
1942
$241,047
y;
$78,647
the
fund
50%
of
'
Interest
retirement
the
company
Reserve
For
to
of
the
bonds
issue
i
by
"After
and
1942
:"A'
assets
(net),
200,000
542.000
400,000
July
under
of
etc.
grain,
accrued
(secured),
charges,
$408,590;
for estimated
income
est
Sl-\263;
accrued,
bankers'
discount,
$332,594
31,
ard
of
taxes
deferred
2133.
payment
cents per
31
on
was
share on
holders
to
this
issue
ol
one
•'A'!/'■',r'
A
•
Sept.
30-
•
of
10
the
record
Dec.
31,
cents
on
on
•/v'v
1943
1942 a
$4,110,130
1,919,664
$4,690,549
647,282
767,312
2,320,559
ended Sept. 30,
1943, net profit was $738,008, equal
comparing with $680,781, or 85 cents a share1
quarter of 1943.—V. 158, p. 1533.
share,
$1942
1943
tt$225,425
share.:—.
com.
and
Federal
income
1941
$303,207
$1.19
capital stock.
above
$184,840
$1.60
and
excess
$0.96
profits
taxes
•
.
earnings
$207,525
represents
1943
Selling,
1941
$4,869,696
3,015,340
$2,187,347
5,503,786
and
gen.
1942
$7,763,416
——_
sales—
Net
profit
Other
admin.
from
1,063,626
452,009
exp.—_
!
operations
income.
—"
363,389
216,054
$1,807,621
$1,490,967
$307,667
37,872
17,597
9,317
$1,845,492
:
$1,508,563
$316,984
140,221
447,871
132,835
1,231,000
income
deductions.^.—————
excess
375,000
Federal
for
profits
income
726,000
543
and
taxes————
Provision for wartime contingencies;
incl. renegotiat. of war contracts./ '
Provision for post-war adjustment..
$317,220
investments,
and
goodwill,
$2,019,100;
$1;
total,
$4,063,602;
owing for undelivered
bills
purchases
$166,494;
excess
.
•
accounts and wages payable and
payable and accrued (incl. provision
profits taxes), $2,490,827; bond inter¬
bankers'
advances,
$1,701,504; first
"A" participating 'preferred stock
$1,287,958; common shares (at $1
per share;, $250,100; managemetn shares (at $1 per share), $3; stated
value of shares held by a sub Hilary, Dr$20,482; earned
surplus, $1,054.402; total, $16,137,411.—V. 158, p. 2254.
■
mortgage bonds, $3,239,500; class
(91,997 shares at.$14 per share;,
,
168,000
85.000
V—
.
1943
advances ..(secured),.
$1,475,650;
previous
p.
15
Jan.
made
a'
income.——.
Net
Earns,
of
share
per
capital
on
—
925,000
Balance
(restricted
U.
S.
$334,692
$183,606
$0.24
$0.36
$0.20
Sheet, June 30, 1913
hand
and demand deposits, $517,913; cash in bank
account under Regulation "V" Loan), $188,258;
$4,988; accounts receivable (net), $1,629,722;
War Savings bonds,
inventories,
$2,778,056;
;(,non-current),
for
on
pledgee
$221,271
shares
stock——
Assets—Cash
Liabilities—Current
receivable
;:•
*
-
$640,180;
156,
was
/.
$353,369
trademarks
The
sales
Cost
Income
100,000
in
$3,452,107;
.
Menasco Manufacturing Co.—Annual Report-
—
banks, $169,345; Dominion of Canada 1
bonds at cost, $265,000; accounts and bills
receivable, $3,489,926; inven-'
fixed
payable
distribution
Years Ended June 30—
Net
.
assets,
$3.45
i
/
exc.
sundry
dividend of
a
value,
par
Ended
a
the
Provision
$6,101,752;
$2.44
'.!
profits tax credit.
tOn 189,400
;
!
* ;
net profit from the
sale
and disposition of capital assets, including net profits realized
from insurance on the dredge "Gulfport," lost at sea.
^Revised,
Current assets
as
of Sept.
30, last, amounted to $2,483,293 and
current liabilities
were
$946,769 comparing with $2,849,754 and $1,596,298, respectively, on Sept. 30, 1941.—V. 158, p. 892.
ttOf
150,000
39,073
Sheet,
;
after providing for post-war excess
shares of
Total
$626,257
no
depreciation
250,000
Balance
1071.
p.
development
per
138,615
v
and
$1.94
158,
profit
tEarns.
300,000
hand
1,567,000
$1,630,675
Months Ended Sept. 30—
9
"Net
a
t $36,957
132,905
on
1,517,000
2363.
425,000
Assets—Cash
a
$3,197,675
■-
t$l,154,143
472,600 shrs.)
-tRevised,—'V.
September
19,699
1,975,000
1941
$2,671,143
/
McWilliams Dredging Co,—Earnings—
$1,230,835
138,615
Net profit for year
tories,
the
for
22,679
profit staxes;
1942
.
A;.-!
$1.90
$1,271,203
______
1349.
p.
share_^h//»_^A-r—'$1.83
28,225
invent.
a
the
1,262,000
(on
since.
cents
$1,692,347
and
ex-'-'
and
taxes
the quarter
92
$3,107,516
inc.
1943
$2,182,212
Earnings per common
$1,211,136
against
for
for
85.694
$1,248,531
60,800
■;
v
purposes.
$1,516,983
$1,664,122
'
;
contribution
$1,461,897
46,185
Other deductions.
$1,900,000
for tax
income
Net
$3,061,332
120,460
the
deductible
81,287
operations
325,000
11
■
investments-
on
bldgs.,
equipment-
of
are
Sept. 30—
provision
1940
bonds——
first
Co.—Earnings—
income
similar
Depreciaticn
1941
on
fund
taxes
1938.—V.
inch
1942
and
the
$920,212
A
1943
i»come
of
Employees
the
State
Months
Tax
The
1943
158, p.
each
Gross' income;-
the
$679,931
—
tNet loss.—V.
in
connection
Brunswick.
$5,000
31—
charges
taxes.
July 31—
from
from
Total
sur¬
liability by
such shares;
charge thereto
plant
stock
stock
therefrom;
capital stock
liability
per
of
stock
common
the
Thereafter
to
stock,
none
Costs,
$16,137,411.
reduce
surplus
classified
eliminate
stock
the
of
stock
its
capital
and
capital
capital
State
$6
shares
above,
presently
to
contribution
Power
30,000
as
its
capital
following steps:
the
Cancel
rendered
(3)
the
a
capital stock
Com-
Mclntyre Porcupine Mines, Ltd*—Earnings-
which
"Before
has
(being all of such capital stock issued and
& Light will acquire such shares of
company
Louisiana
take
make
preferred
of Additional
Exchange has authorized the listing of 8,500
directors have declared
31,
6
outstanding
securing
issued
New
retirement
designed
Consolidated
Light will
second
Co.- -Listing
finance
substantially the same provisions as the
sinking fund provision contained ! in the
provides
provision
that:
propose
Power
;
years.
share
per
1942;
has
The
indenture
Light Co.
companies
;
probably will not exceed $900,000.
costs of the plan, a
Ended
and
Sept.. 15,
con¬
The bonds will be purchased by the same three institutional
purchased the prior $2,000,000 issue and the sale
such bonds at 102 will yield the
purchasers approximately 3.40%
maturity.—V. 158, p. 2048.
/
;
a
/
to
given interested par¬
a hearing on various
transactions pro¬
Light Corp. and its subsidiary, Louisiana
&
cost
common
Dec.
It
value.
par
request
Power
Light Co. to said
stock
to
23
Electric
Electric
shares
Exchange Commission
!
.
2471.::; !:■
p.
Sept. 30— i
charges & taxes—.
to
any
proiits
The
common'stock
adjustments).
stock, $100
common
supplemental
collateral trust
indenture.
which
Prov.
The
/
McColl-Frontenac Oil Co., Ltd.—15-Cent Com. Div.—
of $200,000 to Consolidated,
Con¬
acquire such stock and to pledge it under a trust
dated Aug. 1, 1932, securing the collateral trust
indenture
Depreciation
Light Co.
of
to
"After charges,
.
consideration
Consolidated,
Maine's
plant
Louisiana
1954.
profit
Earns,
on
the
.
contribution
before
cess
same
(subject
its
of
cash
a
supplemental
from
of
made
Months
Net
Maple Leaf Milling Co., Ltd. (& Subs.)—Earnings—
months
for
bonds
,
1331.
p.
net
Profit
for
Electric
outstanding
presently
the
the Lone Star
six
divestment
serial
including certain
after
bear
Federal
proposes to issue $300,000 first mortgage 30-year
30, 1943, and due Sept. 30, 1973, and 2,000
agreement
an
Income
company,
period
with
comply
shares
be
not
12
>
'
stock of Maine is now pledged.
Maine's acquisition of the Caribou
properties has been approved by the Maine Public Utilities Commission.
The 3Vi'fo
bonds proposed to be issued and sold are to be issued
Inc.
Oct.
.
Commission
mortgage
(fiscal year ending next Jan. 31 will be about $361,000.—V. 158,
Sept.
solidated proposes to
indenture
Years End.
Gas
Railroad
first
Initial contribution of $1,900,000 is expected to be made by the
prior to Jan. 31, 1944, with a substantially similar contribu¬
to
The
is proposed
that the bonds will be sold to three insurance companies at 102 and
accrued interest to date of delivery and that the common stock will
hold¬
Lone Star Gas Co.—Further Extension—
Stock
Payments into
Bonds—
:
'/■
'
Consolidated
trust
additional shares
cents
to
to
158,
Martin
York
annual
do
16
$500,000
bonds,
"Net
made
were
L.)
pursuant
149,
tion
Sept. 30, 1943, gross production amount¬
Service
indenture
business
3i/2,M
2450.
p.
;
of
company
being all owned by Consolidated
Electric & Gas Co., is presently pledged.
v
./a:."/:;
;//. V/r.'
Maine proposes to acquire the electric utility properties,
franchises,
investors
12'/2
American Export Air Lines;
Denver, Colo., and a partner
i //'
,///"
\.."y
May Department Stores Co.—Pension Plan Approved
$434,900
Public Service Co.,
12
stock, payable Jan.
common
Distributions
and
(No.
will
stockholders have voted approval of an employees' retirement
plan, holders of 722,028 shares voting for it and 19,951 shares
voting
against the- proposal.
■
dividend
a
He
$686,885
V
earnings
the >scollateral
under
of
principal
^
Board.
857,236
$200,000
in cash; (3) the acquisition
by Consolidated Electric & Gas Co. of the
2,000 additional shares and the delivery of such stock to the trustee
$7,033,429
Candy Corp.—Larger Distribution—
'
the
747,200
Majestic Radio & Television Corp.—EarningsLoft
1947
company.—V.
income
1942
$1,245,100
program.
from
year
Months Ended
—V.
1943
/
.
$3,800,000
Master Tire & Rubber Corp.
•Net
—
stock
supplemental
1943—10 Mos.—1942
$852,439
of
offering, to certain of the com*;
officers, making the total numbei
applied for 1,115,522 shares.—V. 158, p. 2363,"' '
three insurance companies at 102 plus accrued interest; (2) the issuance
of 2,000 additional
shares of the common stock (par $100) and the
year,
1943—Month—1942
$841,101
in¬
a- v
•
.
Holdings by Standard Gas & Electric Go.—
New
issuance
approved (1) the proposed issuance by the
company of $300,000 first mortgage 3 % % bonds, dated Sept. 1, 1943,
and maturing Sept.
1, 1973, and the private sale of such bonds to
of
Period End. Nov. 30—
2253.
p.
the. California
sell
and
pany's employees,
maturity.
Sales
•
.
Stock—
The
;
profit.
Dec.
on
and
Lincoln Stores, Inc.—November Sales Of 1.3%—
*
.
$497,900
Public
and
Washington Stock Exchange.
30—
Issue of Stock Approved—
with
the
($1
from
Ltd.—Earnings—
slr—
$2,000,000 first
Corp.—Delisting Granted—
Federal
and
Corp.,
158,
petitioned
''V McGraw Electric
under
Lincoln Securities
for
■:
Chairman
Lines
Petroleum
Co.—V.
lefunding
(Glenn
to $341,600 and after all charges and taxes the net profit amounted
$115,900 (estimated), equal to> 4 cents a share.—V. 158, p. 674.
-
be
for
provision
7/a':;;''./
elected
Export
Bay
&
issue
a
latter
mon
tax reserve-:.--——..—
the acquisition Maine
transfer
Lexington Ry. Co.—Bonds Called—•
There
$283,833
share^i-u
per
sideration
Lehigh Coal & Navigation Co.—Transfer Agent—
The
$1,047,355
.,
!■!•/;;;a:/,!a;::v
declared
For the: three months ended
and
/./:7.! /■:'•■■■::,■!:
16
Sept.
estimated
Earnings
The
v.'-.-
a'.a
,
—492,563
—
income
month
1
before. Fed.
income
taxes
$283,833
to
of each
1
See
the
■
$3,002,137 $37,341,208 $27,501,896
$2,745,738
"
Net
2470.
p.
LeTourneau, Inc.—Earnings—
Period Ended Nov. 30—
Net
158,
income
Total
30,
1943.—V.
30,
operating
Sundry
1943, the company's working
capital reserve stands at the accumulated sum of £688,144 .and the
renewal reserve at £ 762,035.
■:■'•/!/> a/A; !•'/-/
: !'Va
Interest applicable to the dollar issue of first mortgage income bonds
and the sterling issues of first mortgage debenture stock at the rate
of 3% will be paid Dec. 31, 1943, interim payments of 1% having been
made
300,948
;
Net
'i1
••
395,99a
$411,138
,
The
';
.1.
'• '
of
300,948
par
(after mint
Operating profit
Depreciation
authorize the distribu¬
effective
'•'
•
Ended
Operating exps. and
date of the readjustment of the
Capital structure, July 1, 1935, through Dec. 1, 1943, the company has
retired $14,187,000 face amount of first mortgage income bonds and
£755,522 face amount of sterling first mortgage income debenture
period
Months
9
redemption of these mortgage issues.
The balance of the profits
amounting to £115,237 available for dividend is equivalent to 5.25%
the £1 "A" ordinary shares and the 5 pence "B" ordinary shares.
A recommendation will be made at the general meeting of shareholders
in Santiago. Chile, on Dec. 31 next to
this amount as a dividend. '
American
additional
Dec.
stock,
Maeassa Mines,
on
of
v
on
common
a":
/
been
the
Sale of
a
9
for
For
900,569
'
■
•
bonds and the two sterling issues of first mortgage income deben¬
ture stocks and
£248,692 is applicable to debt retirement by purchase
come
to be held
directors
the
on
has
of
of
part
$1,485,350
900,569
-
a
dividend of 50 cents per share
$10, and the usual quarterly dividend of
$1.50 per share on the 6%
preferred .stock, par $100, both payable
Jan. 15 td holders of record Dec. 31.
Payments on. the cdmmon stock
during 1943 were as follows: Jan. 15, 60 cents; and April 15, July 15
and Oct. 15, 35 cents each.—V..
158, p. lt\J9. V;" "':
av a
'
16,
will show distributable net proiits
company
$428,999
:
f /
The bonds would be dated Jan. 1, 1944, and would mature as fol¬
lows; $500,000 pn Jan. 1, 1945, and Jan. -1, 1940; and $350,000 on
MacAndrews & Forbes Co.—50-Cent Common Div.—
operations for the
tion
$2,248,872
' 225,711
$1,047,355
Earnings—Dividend Out¬
—
•
that the report of the
said
$1,948,493
A
—"v.
Lautaro Nitrate Co., Ltd.
surplus—!
Class
made
Bay
Kidder
1943, and on March
2047.
p.
$1
t$295,8C5?
Market, Street Ry.—Bond Issue Proposed—
as
in
28 to holders
were
ic and Dec. 10,
10, June 11, Sept.
Oct. 30 and Dec. 28,
12,
declared
13
stock, no par value, payable Dec.
$824,998
taxes
of
M.
^authority
,
Jan.
directors
The
income
..Company, has
.
.
share
/
1941
financial
President
of
$1,130,197
V
355,153
reserve—
.
'
/
,1942'.'
$2,055,689
1,182,967
1,6.44,551
1943
interest, but before
tSubject to renegotiations.
/
U.
the
director
a
$1,130,199
begin.
balance
contingency
Stores, Inc.—Year-End Dividend—
Kobacker
after
policy of the company.
Mr. Bay is President of
the Connecticut
Railway & Lighting Co.; Chairman of the Executive
Committee, and director of the First National Bank, Bridgeport, Conn.j
7,175
73,205
$934,293.
surplus,
of period
profit
——
_r
Previous
.a-'/'!
1559,
157, p.
income
-Earnings—
Sept. 30—
depreciation,
taxes;
Charles
•
Net
net
.
Chairman Elected—
direct
31,381
•
'/!/5,975
;
51,000
$934,293
Interest deductions
the
1943,
the
in
.
$1,234,755
'
Gross
1173.
Fed,
f.After
1943—12 Mos.—1942
$1,467,142
V5^381
'
54,205
30,
$1,478,772
for
come
(Del.)—Earnings-—
$898,379
4,481
taxes—
production
Profit
:
15,520
exps._
than
Federal income
$1,008,499
Sept.
$56,244.
Net profit■
v..
1943—9 Mos.—1942
—
revenues
1942
$255,26?'
$1.76
$1.67
to
new
2470.
p.
158, p.
9 Months Ended
*
•
Period Ended
Total
*
oil
Prov.
stock
for
Louisville Gas & Electric Co.
Gen.
was
Marion Steam Shovel Co.-
'.
transfer of all outstanding
the capital stock of such
stockholders required to dissolve
permitting
in
ended
quarter
taxes
crude
—V.
called for such
meeting
a
•
provision
corporation
poration
and
third
and
'v
-
'
The
new
present
1943
$250,397
September 1943 quarter ag¬
gregated 210,962 barrels against 206,369 in the similar period of 1942.
the
of
per
Note—Net
class,
a
majority
a
charges
Sept. 30—
charges & taxes
share.—.
after
the
For
/
quarterly
'•
"
(
voting
income
Earnings
to 200,000 shares,
preferred dividends
aggregate four full
"
,
Months Ended
9
reduced
be
and
of the preferred
directors.
poration
cents per share was recently declared on
stock in addition to the usual quarterly
share on that issue, both payable Dec. 24 to
A total of 30 cents per share was also paid
14.
time
same
that
stockholders
of
(4)
a
five
per
holders of record Dec.
about
in
common
cents
25
its
amend
provide
to
the issuance of second preferred
and
the authorization for 205,000
annual meeting shall
any
entitled
of
to
proposes
for
eliminated,
preferred
event
of
a
purpose.
of
(D. Emil) Klein & Co., Inc.—Extra Dividend—
addition
amendments
Any
class
2470.
p.
in
such
mortgage or pledge of fixed assets (other than to refund
existing mortgage debt or to take action required to be taken under
the existing mortgage) shall be first approved by a majority of each
who
or
be
first
$6
the
be
(3)
the deposit with Davenport Bank &
shares of French & Hecht, Inc., by its
become parties to such agreement.
If
prior to Dec. 24, 1943, there have been deposited certificates in negoti¬
able form for 100%.-of. the outstanding second preferred and common
stock of French & Hecht, Inc. or at least such lesser percentages, if
any, as the company hay have indicated will be acceptable), the com¬
pany will purchase on or prior to Dec. 29, 1943, subject to the clos¬
ing conditions, the deposited shares on the basis of four shares of
class B stock plus $50 in
cash for each share of second preferred
stock {13,711 Va shares outstanding) and two shares of class B stock
plus $5 in cash for each share of common stock (9,141 shares out¬
This
Co.
authorization
shall
date
board
acquisition
the
with
present
of
In
the
shall
issuance of 73,128
by the
stock of French
agreement between the company and
the
authorized
connection
in
Light
'
($6)
(2)
at
of outstanding second preferred and common
company
certain
B
directors
the
1943,
stock
upon
■
Nov.
shares
&
shares
&
incorporation,
that:
stance
the listing of 73,128
official notice of
issuance in connection with the acquisition of outstanding shares of
second preferred and common stock of French & Hecht, Inc.
(Iowa)
making the total number of shares of class B stock applied for to
additional
Stock
Power
of
certificate
Acquisition—
Monday, December 27, 1943
$24,200;
advances to vendors, $30,280; note receivable
property, plant and equipment (less reserves
and
amortization of $405,533), $607,780;
post-war
refund of excess profits tax, $130,500; deferred development expense
;(less reserve, for amortization of $87,061), $93,230; deferred charges,
depreciation
$115,482;
total, $6,120,407.
Liabilities—Notes
$632,538;
and
accrued
excess
profits
payable,
$1,800,000;
accounts
payable
(trade),
liabilities, $364,902; provision for Federal income
taxes, $1,361,500; employees' subscriptions to War
I
Volume
i
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
158
bonds, $7,760; customers* deposits, $30,762;
provision for contingencies■>(incl. renegotiation of war contracts), $263,000;-'
!.,♦ long-term note payable, $62,250; reserve for post-war readjustments,
Savings
.]
wartime
| $85,000; capital stock
I capital surplus,
'/•V.
156,
($1
paid-in surplus, $416,764;-
$925,000;
par),
$161,883;
"■ ".
-
held
is
interest
which
on
up
Missouri
are
Pacific
first
and
V.
158, p. 2471.
i;.
.
'■ >..1 ■
•
1942
has
company
oh
agreement
an
the
which
under
contracts
war
reached
Total oper.
its
Government will recover $4,000,-
Operating
.
statement filed by the company with the
Securities and Exchange Commission.
After
allowing for tax credits of $3,604,873, net cash refund to
the Government
amounted
to $395,127,
which, under the terms of
It
000,
in
disclosed
was
Other
of
the
1,452,400
"1,125,000
1,178,300
1,138,500
975,782
887,481
taxes___
taxes
Deprec.
depletion.!:
and
capital stock,
or
rev.
oper.
3,749,788
1,256,759
_
taxes:
Operating
income
158,
796,726
—_
2048.
p.
7,942,846
$2,156,007
$3,121,723
SEC
Dec.
on
issued
20
order
an
,
1,080,700
1,080,737
1,440,937
1,440,988
49,391
62,541
68,954
82,106
107,462
Cr62,375
107,462
Cr49,962
143,282
143,282
Cr87,561
7,790
5,255
11,361
6,995
$949,974
$1,544,750
$1,382,251
383,102
#
510,803
510,803
$566,872
$1,033,947
interest
Amortiz.
of
——
to coilstr.-,,
deducts—
income
dividends-
ment—V.
$7,758,783
7,360,338
.383,102..
_
$751,398
for
stock
common
and
surplus,
before
shares
for the 356,810
outstanding.
now
W.
at
102 Vh
cates
Consolidated will acquire all of the property and
subsidiaries, Production and American Pipe Line,'
additional shares ol new common
stock having an aggregate par value of $963,000, and by assuming all
liabilities of those companies owing to the public,
'
:
(4) Production
and American Pipe Line will be dissolved after
transferring to Traction the common stock of Michigan Consolidated
Acquired in the preceding transaction and receiving from Traction,their
outstanding securities to be surrendered for cancellation.
(5) Michigan Consolidated will purchase from non-affiliated inter¬
ests, for approximately $440,700 in cash, the property and inventories
of Big Rapids Gas Co. and Mecosta Pipe Line Co.
; /
(6) Waverly will be dissolved following distribution of all its assets
i
to Traction in exchange for the outstanding securities of Waverly.
(7) Michigan Consolidated will issue and sell to the public, through
underwriters selected by competitive bidding, $38,000,000 first mortgage
,
,
tax
Corp.—Larger Dividend—
Middle States Petroleum
and
interest.
;
'
for
Net
new
1942
7
"After
provisions
charges,
tion.—v.
2254.
158, p.
for
V
of
etc.
bef.
of
Amort,
Reduct.
Federal
for
taxes was $300,700.—V.
$1.69
book
to
Net
$66,422
$0.21
184,764
and
158,
:7' 9,468
9,468
,
•
9,468
:
-,
Joseph W. McDougal, formerly
remains
as
replaced
Alvir.
succeeding
President,
Mr. McDougal continues as Treasurer, but was
director.
a
Secretary by George H.
as
urer.—V.
Secretary-Treasurer, has been elected
founder of the company, who
Miller,
L.
Wilson, formerly Assistant Treas¬
$598,200
116,000
for
post-war
194.
Months Ended Sept.
9
Net
tEarns,
per
common
1943
:
Oil
Associated
capital stock.
Co.
v..,-
/
Note—Federal
incurred
$107,810
in
$0.58
7,
$0.65
7
exchange of 44,700 shares
Oil Corp. stock for 44,700 shares of Tide Water
stock on Sept. 28, 1942.
tOn 1,375,145 shares of
Western
Pacific
$898,749
*$801,931
$955,572
$0.69
share——
of
loss
after
♦Also
of
30—
after charges and taxes
profit
- .7 -
77.:".",'0
'
k'".7
7
income taxes totaled $70,000 In
and
sundry),
$5,615;
payable
(trade),
payroll
$5,
social
security
share
per
payable
other
taxes,
Dec,
was
24
with $2 per share paid
previous
Months
3
V
Net
after
Canadian
Net
post-war
158,
value of its prior lien
series A
due 1962, and $938,000 par value of prior lien
series B
in the period Oct, 1 to Nov. 30.
On the latter date
outstanding $25,911,429 of the 5-'/c. issue and $8,678,250
road purchased $1,905,000 par
of
the
Of
4s.
...
Sept.
$162,169;
July
on
on
30—
payable,
Federal
15,
Dec.
of
After
tax
inc.
and
stock,
Jan.
5%
the
common
7
158, p.
V
$42,000 were deposited with the Re¬
as additional collateral for the road's loan,,
and $698,000 held in the treasury as of Nov. 30.—
V. ,158,
2255..
p.
.
■
Loses .Appeal—.
the
an
for a
U
S.
of minority bondholders received notice Dec.
group,
Circuit Court'at St.' Louis
order
.
.
directors
tion
of
that period. -
,
..
.
:•
7
•
•
Div.
cents
15
compares
1942.—V. 157, p. 2254.
(& Subs.)—Earnings—
1941
1942
1943
t$428,959
$635,834
$2.95
$1.99
1943 and on 215,794 shares in
and 1941.
1942
,
''
'7r'V
.7,/.
■"/" '.
/
■
Dec.
on
took
16
action,
subject
to
and
SEC
stock¬
31, 1944, the remaining 12,000
outstanding at $100 per share and
accumulated dividends thereon to that date.—V. 158, p. 2364.
shares
to
approval,
of
its
$6
retire
Jan.
on
stock
preferred
''
1943
1942
:
*$676,719
*$812,304
$11.37
profit after charges and taxes
•(Earnings per preferred share
$12.63
provision of $735,000 in 1943 and $1,215,000 in 1942 for
taxes and contingencies.
tOn 59,487 shares in 1943 and 64,315 shares
in 1942 bf $6 prior preferred stock outstanding on which there is an
accumulation of unpaid dividends for 1943.—V. 158, p. 2364.
'After
National
Research Corp.—Promotions—
Securities &
G.
Manny
H.
Kuechle
and
Ira
G.
Jones
have
elected
been
Vice-
Presidents, the corporation announced on Dec, 22.Mr. Kuechle is the
Western wholesale representative and Mr.-Jones the New Eng¬
land and New York State representative.—V. 158, p. 395.
Middle
(& Subs.)—Earnings—
1943
1942
1941
$38,238,456 $37,928,698 $34,578,974
10 103,144
9,047,226
5,924,294
Interest
1
1,316,836
1,366,306
1,382,833
Federal income & excess prof, taxes
18,400,000
19,250,000
14,349,575
.
after expenses
Net
and
Depreciation
depletion™—;--.
$316,696
$1,319,290
of
1,095,000
116,000
$224,290
391,254
$0.65
•.
'After
war
—V.
158,
p.
1735.
*
158, p.
Net
$521,793
$1,318,534
$1.72
for taxes (and in 1943 post¬
contingencies amounting to $4,598,000).
580.
.Period End. Sept. 30r—
tEarnings
per
com.
(& Subs.)—Earns.—
1943—3 Mos.—1942
*$141,047
$212,111
profit
'sh.
'
$0.22
$0.36
"
1943—9 Mos.—1942
$790,749
$1.37:
-
158,
.Period End.
'Net
1943—3 Mos.—1942
Sept. 30—
'After,
post-war
per
$2,524,930
share—-
•
$0.33
$2,272,618
depreciation' for ^provision
credit in the
v;.
(of
$0.29.
the
$1,13
week
output
148,501,000
P-
the Dec.
for
of
cu,
17,
New
17
22,389,000
ft.
in
the
cu.
week is reported at 170,890.000 cu. ft.,
ft.,
or
15.08% above production of
corresponding
week
a
year
ago.—V.
158,
2472.
$0.47
New England
Joe
John
E.
J.
1943—12 Mos.—1942
$11,342,285
$9,700,774
$1.52
$1.27
deducting
current September quarter and $3,957,016 for
A
a
Telephone & Telegraph Co.—New Pres.
Harrell, Vice-President, has been elected President to succeed
Robinson on March 1, 1944, when the latter will retire under
company's pension
Petition
$3,119,545 ; after
Association—Output—
England Gas and Electric Asso¬
13,120,673 kwh.
This in an increase
above production of 12,307,276 kwh. for the
ended .Dec.
reports electric output of
increase
an
Co.—Earnings—
profit
tEarnings
$1.20
of 813,397 kwh., or 6.61%
corresponding week a year ago.
the
Biscuit
$1,851,013
183,592
1072.
489,
p.
Ne\y England Gas & Electric
For
ciation
.
National
1942
188,932
charges and taxes—
$332,111
'After charges'and Federal and "Canadian income taxes (amounting
to $2,274,133 for nine months in 1943).
tOn 512,874 shares of common
stock.,
fSubject to renegotiation.—V, 158, p. 675.
•
1943
$1,845,539
•
after
$858,193
$2.64
Co.—Earnings—
Earnings per share on class B stock„__„_—
Gas
'Net
and 1941
ended
Sept. 30—
sales
income
shares
general
quarter
New Bedford Rayon
1941
$1.04
and
1942
\
the
9 Mos. Ended
—V.
1942
interest, depreciation, provision
adjustments
$8,265,166 $12,922,272
$3.75
$5.86
and 2,205,667 shares in
1943
Sept. 30, 1943, net profit was $3,199,611 after charges and provision of $6,235,000 for Federal income
taxes, equal to $1.45 a share on the capital stock.—V. 158, p. 1735.
$0.51
$0.57
;
1943
—
500,000
share!
shares in
capital stock.
390.254
391,254,
Co.—Earnings—
profit
common
2,206,267
$200,696
$90,000 for war and post-war adjustments.—V.
per share on
capital stock
$8,418,476
$3.81
profit
'On
„
,
of
payable Jan. 15 to
with 25 cents paid on
Stock—
1941
810,000
■
j
National Automotive Fibres, Inc.
17
had dismissed their appeal
by Federal Judge George H. Moore approving payment
of $18 1-94,550 in back interest on three bond issues.
,
William H. Biggs, attorney for the minority group, which contends
the money would be better spent in buying up bonds on tenders, said
110
decision had been made yet on what further steps would be taken'
in opposing the interest payments..
.
,
,
Counsel for the petitioner will have 90 days within which to file a
writ of certiorari with the Supreme Court.
The trustee of the road,
.therefore, is not likely to. pay the disputed interest, before the expira¬
Counsel
that
from
of
.
Missouri Pacific RR.—Minority Group
dividend
value,
1072.
-
■
Note—For
;
stock
share______.r/______„
per
„
bonds purchased,
$1,165,000 canceled
par
Sept. 30—
♦Earnings per
*$255,461
——
Earns,
value
construction Finance Corp.
year-end
a
no
This
3.
9 Mos. Ended Sept. 30—
ex-
Quarter Ended Sept. 30—
'Net
there werepar
Y.
V.
2472.
declared
20
common
215,791 shares in
,
holders'
taxes
1942; no payments
31, 1941.—V. 156,
1942
1943
.
$1,065,461
Federal
National Acme
x.
,
N.
National Power & Light Co.—To Redeem $6 Preferred
$229,069;
expenses,
Corp.—Earnings—
profit
Shares
:
57c bonds,
4% bonds,
p.
Net
refund
.7 77
Missouri-Kansas-Texas RR.—Reduces Debt—
The
Wales capital stock.
to operate in Ithaca,
9 Mos. Ended Sept. 30—
recently declared on the com¬
to holders of record Dec. 17.
payment was 75 cents
charges
and
Earnings
*
Ended
profits
,'cess
1943, $64,100 in 1942.
in 1941—V. 158, p. 1072.
Completed—
National Refining Co.—Earnings—
dividend
$387,320;
and
Dec.
on
the
record
Net
and $50,518
395.
profit after charges & taxes„„
$326,132
per common
share$1.51
Net
1941
p.
acquires all the Allen
plant will continue
machine.—V.
on
of
*On
A-
surrender
value
of
life
insurance,
(trade), $1,558,752; inventories, $1,899,125;
accrued
Motor Products
1942
158,
345.
Corp.—Earnings—
Mission
$460,566;
77
par
The
for
patterns
met).
(par $10), $9,506,150; capital surplus,
(in excess of dividends since Jan. 1, 1933),
30, last, and on July 15,
77,"
cash
(employees
State-and
compares
since.'
assets
♦•Earnings
(less
This
other
Wales
directors
The
per share were paid during the fiscal
the class A shares, and $4 per share on
for
stock,
costs
$2,976,289; pay rolls, $2,038,176; Federal
National Oil Products Co.
.
$6
on
$562,838;
$33,722;
June
$474,340
$603,979
profits taxes,;$264,392; plants and equipment (less reserves
and
amortization,; $2,729,369h
$2,079,792;• prepaid
mon
purchase
$10,443,790; amount re¬
inventories (less reserve
in-process dies and
and
$36,845,159.—V.
National
Allen
tRevised.—V.
445,000
$611,804
.
15,000
,
for excess profits taxes and credit
A dividend of 75 cents
,
p.
580.
158, p.
7
for
unbilled
stock
common
total,
share
per
-
243,822
1,891,000
*2,513,960
totaling
9,468
Morris Plan Corp. of America—75-Cent Dividend—
Co.—New President, Etc.
and
savings bonds
war
deposit
$6,956,999;
its purchase National svipplements its line of cash registers
accounting machines with an
adding machine end low-priced
Net
profits tax of $248,840.
receivable
p.
finished
investments
National Steel Corp.
Miller Tool & Mfg.
on
contracts,
Corp., $75,084;
Plant
earned surplus
9 Mos.Ended.
U.
S; Treasury
tax
notes,
$1,967,718), $795,083;
contingencies,
$605,671: sinking
fund
requirement
for
1, 1944, $93,612; capital stock and surplus (22,481 class A shares
55,000 class B shares, no par), $4,286,935; total, $6,593,578.—
Jan.
cash
and
receivable,
accounts
National Manufacture & Stores Corp.—Year-End
14,481.
shares.
stock,
V
purchase by this company of the Allen Wales Adding Machine
Co.
has been completed,
it is announced.
Under the terms of the
purchase, which was approved by the Federal District Court in Cin¬
180,630
common
income
V.
158.
197,109
.
reserve
1943,
,
The
$780,438
taxes, insurance premiums, etc:, $124,902; goodwill, trademarks, etc., $1;
total, $6,593,578.
'7
,7;:-r'''>"7 :
capital
-7
.
National Cash Register Co.—Acquisition
holders
$1,258,210
1943,
1943,
in
$701,850
7
hand, $3,714,936;
on
employees
Defense
$500,000;
The
depreciation
1,
to
trade
$5,661,174;
bookkeeping
$2,967,684
Balance Sheet, Oct. 31, 1943
excess
for
$225,000.
to
1941.
cost-plus-a-fixed-fee
from
$3,392,097;
and
1940
362,114
$98,160; accounts receivable
of
tax of
amounted
Through
511,421
for
1
accounts
in
$641,860
deposit and
on
sale
on
$75,000),
The
^^^^7
-
for
fees
tion,
646,344
7
taxes—
Assets—Cash,
and
$212,413;
$5,688,172;
779,062
Oct.. 31,
class B
1942,
profits
excess
depreciation
United States Treasury tax notes to be applied in payment of $300,600),
$2,721,900;
advance payments
received
from prime contractors on
cost-plus-a-fixed-fee contracts,' $8,627,910; reserves for employer's lia¬
bility insurance, $30,000; reserves for deferred costs of war produc¬
stock
certifi¬
$1,142,552
8,034,798
——314,038
excess
ended
:V;
'
in
for
cost-plus-a-fixed-fee contract,
tlncludes
taxes.
^Includes $2,250,000 excess profit
Liabilities—Trade accounts,
'
u
♦Includes $2,550,400
.
011
excess
profits
less post-war refund of
hand
4,854,730
for yeaf—7
profit
.
$5,832,430
and pay roll taxes withheld
from employees, $674,645; em¬
ployees' deposits for purchase of war bonds, ,$190,391; taxes, other than
taxes on income, $499,428; Federal taxes on income—estimated
(less
$3,663,189
195,624
31,899
value
reserve
income
refund of
1941
_
income
$5,997,282
facilities
contingencies
1
155, p.
950,615
($10 par)
_
plant and equipment (net), $8,459,633; good will, $1; pre¬
paid taxes, insurance, and other expenses, $491,920; total, $36,845,159,
6,294,996
deprec—
war
in
Addition
011
♦Provision
exps.,
land——J
of
Federal
30, 1943
profit after charges and taxes—'J——__V7; 7
Earns, per common share (303,720 shares)—_—————
$1,610,733
stock
common
—
property,
$8,064,627
Depreciation
$6.70
♦Net
1942
pro¬
$1.47
of
$4,442,251
$3,614,026
$1,769,631
■''■'..7
,•".•7.:" i *•;,J. '7 ' ^ :
prof. bef. depr.
Liabilities—Accounts
<
of
their
^
war
29,630
bef.
lnet)-_—7
Nov.
for 9 Months Ended Sept.
1943
.
$15,701,879 $11,648,826
goods' sold,
Profit
r;
Earnings
holders
selling
34.080
950,615
cinnati,
'Selling- and odm.
(axes
Mid-West Abrasive Co.—Earnings—
that
by
555,000
prior yrs—
of
cost
customers,. $368,644;
to
Gross
and other reserves, including
$2,317,500 for contingencies in 1943.
Taxes for 12 months ended Sept.
30
1943,-were $12,306,100 after deducting post-war credit-of $1,177,900 compared with taxes of 813,023,000 in preceding year:: tOn 600,000:
shares of no par common stock outstanding.
tSubject to renegotia¬
7
order
11,259,628
$4,021,274
$2,727,468
$4.55
tape
*775,000
$1.46
ceivable
'>■
■
Drop Forging Co.—Earnings—
Dividends
1941
7
in
ones
depreciation
the
*1943
♦Net'profit ————-w-—1.""' $2,355,443
tEarns, per common share——— • 7I
$3.92
30—
suggested
red
13,751
*2,785,000
taxes—
950,615
and
bottler.
sales——
Cost
Co.—Earnings—
Midvale
Government
of
7,254
250,000
on
Judge Shackelford Miller, Jr., according to an Associated
dispatch from Louisville, Ky., held that holders of old stock in
Moore Distillery Co., cannot now exchange the old certifi¬
year
12 Months Ended Sept.
Assistant Secretary,
lot
a
11,519
$1,400,948
thereof,
21
Years Ended Oct. 31—..
r
46,828
1,480
11,736
Balance-Sheet, Aug. St, 1943
gallons of
licensed
a
987,:7,v;,,.Jf.■;7=-;^.'v,t
p.
are
Moore
share has been declared
per
1,048,110
49,874
—
—1
Assets—Cash
Payment will be made at
135 So. Broad St., Phila¬
trustee,
of
taxes
deferred
$672,392
2364.
p.
respect to the consolidated net
1,090,270
31,485
equipment—^,
income
Note—Provisions
participate in the liquid dividend being
distributed
by
the firm.
,7
.•••V:'- •
The company, which is incorporated in Michigan but has its head¬
quarters in Baltimox-e and its distillery at Bardstown. Ky., was re-,
organized in recent years and Judge Miller ruled -that the deadline
for exchanging old stock for new passed on June 9,. 1942.—V.
158,
on the class A
earnings for the year 1942,
payable Jan. 28 to holders of voting trust certificates and stock cer¬
tificates of record at the close of business on Jan. 14, 1944. This com¬
pares with 45 cents paid on the class A stock on Jan. 23, 1943,
On
Jan. 20,
1942, a distribution of 31 cents per share on the class A
stock and 5 cents per share on the class. B stock were made.—V. 158,
cents
51
dividend of
A
1,162,320
gen.
disposal
250,000
tax,
adjust¬
Tom
cate
.
and
—7,—.7
Fed.
including
$150,000 for
Federal
the
40,000 shares of 4%% cumulative
preferred stock.
The proceeds from this financing, together with a
portion of the proceeds obtained from the sale to Traction of additional
shares of new common stock, as outlined above, will be applied by
Michigan
Consolidated to redeem all of" its presently, " outstanding
funded debt and preferred stock, consisting of $36,000,000 first mort¬
gage
bonds, 4%
series, due 1963; $4,150,000 4%. serial, notes due
Aug. 1, 1944 to 1948, and 20,000 shares of 6% preferred stock of 1927,
having an aggregate par value of $2,000,000.—V. 158, p. 2471.
stock, with
to
Press
series, due 1968, and
bonds, 3Va %
27
Thomas,
avoid
Dec.
on
worth
J.
would
Traction's
of
$3,338,131
Earnings per share
mailed to stockholders 900 dividend cer¬
whiskey on each share of its stock. The
exchangeable for warehouse receipts for the whiskey.
company
certificates
\ -i;v
'(3) Michigan
assets
for
for
Moore Distillery Co.—Whiskey Dividend Paid
(Tom)
The
tificates
by issuing to those companies 68,786
$3,584,864
Net-profit$1,391,165
.
the Fidelity-Philadelphia Trust Co.,
delphia, Pa.—V. 158, p. 1939.
Consoliaated's common
'!"Yv.v
8,104
$5,633,185
deductions——-^
for addit.
Mining Co.—More Bonds Called-
these' bonds
of
000
issue and sell to Traction 150,621
common stock for $2,108,700 in cash.
of its new
shares
additional
Michigan
of
$3,243,271
28,117
taxes—
and
duction 7
in addition .to the $19,000 of first mortgage 6% 25-year sinking fund
gold bonds dated Aug. 1, 1922, which were recently called for redemp¬
tion as of Feb. 1, 1944, out of moneys in the sinking fund, the company
.has also called for redemption as of the same date an additional $54,-
will
Consolidated
Michigan
(2)
adminst.
expense
Prov.
.
.
$3,556,747
——86,756
——
land, mach. and
Provision
$871,448
special
p. 987,
158,
Monroe Coal
■
exchange
1941
120,351
—
abandon,
Prov.
$1,134,500s 7-
——
^Balance
permitting to become effective declarations filed by American Light &
Co., Michigan Consolidated Gas Co., American Production Co.,American Michigan Pipe Line Co., and Waverly Co.
The following
transactions are proposed:
r.'\!
< 1» Michigan Consolidated will change its authorized common stock
from 400,000 shares
($100 par) to 3,000,000 shares ($14 par), and
will issue to Traction 2,548,643 shares of such new common stock in
$5,512,834
.
— „
and corporate
on
Miscellaneous
"
disct.
debt
of
expense
charged
"Balance
granting the applications and
1942
Cr62,689
Other
debt
funded
on
Preferred
Traction
stock
service,
loss
Shares of.
Approves Plan
income
Selling,
Net
$2,992,933
Net
;
Michigan Consolidated Gas Co.—SEC
The
1,177,660
income——$2,317,468
Miscellaneous
$8,422,653
$773,550
720,497
$839,970
income-
oper.
fOn
$73,657,029 $55,627,062*$42,671,238
68,144,195
52,070,315
39,427,967
—
purchases—
on
income
£>r23,243
Int.
$5,219,834 $56,870,334 $49,943,257
3,523,645
35,790,424
32,630,625
922,639
12,657,257
9,553,849
$5,846,517
Operating revenues..:,
Operating expenses
taxes.
profits
158, p. 1350.
1943
.
sold, incl. deprec.-
profit
Total
$3,016,176
___—
—V.
1,290,968
24,234
Interest
$5,234,890 $56,993,154 $50,121,453
15,056 ::
122,820
178,196
$5,858,572
12,055
revenues
Uncollectible
.
1,465,000
1943—10 Mos.—1942
1943—Month—1942
Period End. Oct. 31—
Net
Gross
Miscellaneous
Interest
a
excess
stock.—V.
1,406,000
1,489,500
$3,097,489
Gross
Michigan Bell Telephone Co.—Earnings—
Operating
of products
Discount
874,326
$2;158,250
Dr2,243
and
Net
1,044,839
1,936,800
Operating income—'—'; $2,309,691
Non-operating income—
7,777
share on 1,000,000 shares u
a share.—V. 158, p. 2192.
\
$3.62
to $2,885,763, or $2.88
$3,625,763,
original
and
America—Earnings-
sales
expenses
.
from
678,781
was
in
income
common
1943—12 Mos.—1942
$11,742,027 $10,474,901 $15,489,877 $13,801,606
5,043,418
4,433,589
6,630,281
5,862,444
____
835,736
Federal income
paid Dec. 7, last. Readjustment of the major figures
the company's income account,
as a result of the renegotiation
V agreement, showed a reduction in 1942 sales from the original figure
of $32,388,014 to $28,388,014 and in profit before taxes from $9,979,763 to $5,979,763. {".v
/'
■' >t: > '
; 't V
\
.As a result of the readjustments, net income for 1942 was reduced
repayment,
expenses
1943—9 Mos.—1942
•
revenues—
Maintenance
a
Federal
Years Ended Aug. 31—
Net
Cost
Period Ended Sept. 30—
of
renegotiation
for
(par $10) of
Murray Corp. of
,
Monongahela West Penn Public Service Co. (& Subs.)
,
Co.—Renegotiation Agreement—
Mesta Machine
1943)
6,289,448 shares
-r-EarningsThe
months
12
refundings, New Orleans Texas & Mexico first mortgage and income
and International Great
Northern first. mortgage bonds,—
bonds,
$6,120,407.:—
total,
■.
surplus,
earned
$9,048;
1505.
p.
Bonds
2583
plan.
Against FCC Order Dismissed—
three-judge Federal Court opinion
handed down recently dismissed
suspension of a Fed¬
of $998,874 to the
against current expenses.
Magruder of the U. S. Circuit
petition filed by this company which asked for
Communications order disallowing payment
eral
company's pension fund to be charged
The court, made up of Judge Calvert
2584
THE COMMERCIAL & FINANCIAL CHRONICLE
Court
Ford
of
Appeals
ancl
arid Arthur
D.
Federal
District
Court
Francis
Judges
W.
J.
Newberry Lumber & Chemical Co.—Earnings-
would
expenses
2472.
r.
result
in
increase
an
in
Earnings for 6 Months Ended June 30* 11H3
„
Met loss
current
rates.—V.. 158,
telephone
"
.;. ■
.•
Period End. Sept. 30—
"Net
Vice-President to succeed
V/. F, Schaff* whose retirement will become effective on Jan. 1.
.
4 Mr.
Metzman will have jurisdiction over the Mew York Central hne
v;est of Buffalo,
the Big Four, the Michigan Central, the Indiana .
Harbor Belt and the Chicago River & Indiana roads.
.On
Feb.
1,
1940, he was appointed,.Assistant Vice-President at
Chicago, and last November was .promoted to Vice-President and"
General Manager in: charge of operation of the Big Four road.—_
V. 158, p. 2472.
•• ;'
A J;
Metzman
has
been
and
income
1,829,000
Met
Met
Income
1,101,473
.
727,219
——
approplations
1942
,
8,333
8,333
91,667
718,885
the
profit
835,848
8,362,474
8,499,813
of
capital stock.—V.
Net income
A,"
posal—
■
York,
Hartford RR.—Court Ap¬
&
road
on
Commerce
which
under
since 1935, become worthless.
the ICC plan as approved by Judge Hincks, .;
stock equities of the Old Colony RR., held by the New Haven
carrier, in receivership
under
Also, eliminated
the
are
under
lease.
99-year
a
the corrections made in the ICC plan by Judge Hincks
at a
'
W
■
New Haven pay $2,289,600
fixed interest bonds and $2,467,200 in income bonds for the-
Chief among
approval of purchase by the New Haven of Old Colony RR.
yas
higher price than that fixed by the ICC..
The Commission had proposed that the
in
new
Old
Judge Hincks
Colony.
interest
fixed
the
Under
Haven
old
bonds
bonds
income
The
plan
Haven's
that
court
time
ai:d
in
about
than
more
hearing
Judge
Hincks
by the
claims
has
the
and
set
New
Jan.
for
$50,-
tinent
the
time
same
would
road
be
for
.stock
for
a
hearing
a
any.
on
A-.'A'A
:
plan
is
approved
.below,
.
stock
"The
eliminated.
,
to
and preferred,
Colony.
bonds
provisions
construed
new
$1,223,495 in new contingent interest bonds.
the- plan relating to. the Boston Terminal. Co.
approved.
:
"An
the
alternative
New .Haven
treatment
trustees
for
the
bank
petition
may
.
"For
the
secured
tended until six
existing
6s
months
collateral
is
it
proposed
after
the
whereby
court for authority to pay
their collateral for distribution
that
the
consummation
equivalent
is proposed
group
in
maturity
of
the
plan
securities
new
he
date
"The
secured
•who
in
alternative
will
6s
under
fixed
"v
■'•
.
ex¬
and that for
shall
treatment
disturb
not
the
plan
interest
of
vs-
•
be
Dec.
on
17 declared
dividend of
treatment
Commission
for-the
of
will
those
banks
and
secured
receive
output
this
of
-"Secured
in
creditors,
fixed
new
securities
new
who
under
the
interest* bonds,
the amount of
to
plan
under
their
were
the
not
opinion
respective
to
be
will
directors
Dec.
on
7%
the
on
share
per
claims
The
first
full
.-
in
receive'
divided
The
cents
share
per
and
preferred
refunding,
fixed,
43.98%
43.98%
for
6s
of
7'.,
-
■:
1940,
29.99%
43.98%
contingent
fixed,
and
"Boston
&
Northampton, 74.98%
New
York
Air
Line,
"National
Rockland
15.71%
in
of
Boston, 57.73%
preferred
•
,
of
in
fixed,
26.56%
stock.
2437. $;;
p.
-,:7. ;■)
A
this
Inc.—Earnings—
■
1943
1942
&
Electric
Co.
1941
Secondary Offering—
—
&
Tilford, Inc.
'
Plans Partial Distribution of
—
.77^7/7''': •77:77
-
7';'7"'":7;'7';
■
plans
its
of
officer
an
amount
to be so distributed will not be
large enough
the company's distribution to the ttade.
There are
liquidation
the
of
no
plans
company.
.''.i
.7-7.
:7;'.-' 7''
•:■
stores
Total
"Cost
income
1,391,668
the
over
of
pounds
of
sales,
general
stores
operating,
Other
income
Total
Miscellaneous
Net
income
for
the
like period
last
period
on
U.
with
101,709
pounds in November
.a
year
ago,"
' 1
:
•
Cash
77
v
7
,
/,
-
and
in
$2,216,468
64,111
1,200,000
48,702
4,629,881
4,408*871
transiAL-A—4—331,631
305,415
inventories
in
.
—
A
:
——_
of. supplies—A AAA——A-——A A
in closed
$4,584,051
revenues__
bks, (less
con ting. res.
55,072
for losses),..
62,338
847
386
•
10,405
Loans, notes,-investments, etc.
1—AA,.'
416,030
Charges deferred to future operations. A169,310
Fixed assets at cost fless: reserve for deprec.)
2,876,588
Goodwill-.;:
————-—4 A'. 1
1
300,891
1943—10 Mos—1942
deposits
1^0,356
3,156,760
1
*
Total
A_A_——AA-.A:A-_1L——A $11,622,833 $10,681,054
Liabilities—
V .A
!
payable, trade A.^—$1,460,026
payable, misc._;_/:Ac_A___—AA84,403
Common dividend payable Oct." IAAaA.AAA
171,831
Salary and wages due arid accrued..A—A_A—
90,866
expenses
—_
2,966,656
taxes
~A
1,027,341
-
$590,054
524,092
-
775,481
8,753,716
6,274,472
$627,316 * $5,667,385
$4,978,511
4,711,550
•
-
$1,550,534
41,584
171.831
Accounts
$4,258,333 $44,049,800 $35,569,561
2,855,536- "29,628,699 " 24,316,578
Operating
..
1.942
$1,869,539
.
>/;';,■
30
'1943
transit.—___A—-----
Accounts
Operating
J
■
provision
AA—-A>1AAA_A'10,285
$4,262,370 $44,096,532 $35;646,492
3,937'
46,732-*
76.931
4,187
$1.15.
making
1490,948 shares outstanding.
(less reserve)—A A—A
savings notes—Series CAA—AAi—;''
Contract
Co.—Earnings—7
1943—Month—1942
$4,588,238
tAfter
receivable
tax
Merchandise
express,
pound
Operating revenues
Uncollectible oper. rev.
S.
Inventory
of
490,948
$1.30
'."7
banks
Merchandise
according
year,
$ 565,155-
490,943
,
Comparative Consolidated Balance Sheet As At Sept.
in
Accounts
an
stock—AA;
amortization.,
and
547,636
$637,031
;A———-A4— A'V;-
common
depreciation
75,687
300,098
taxes
period ————A—
.—AAA
share
post-war credit.
Cash
the
and
87,115
303,529
.1
excess, profits
101,581
850,620
income taxes
for
per
'"Includes
$1,488,576
charges to income
Federal
dividends
tEarnings
21,868,256
$1,386,995
$1,878,295
/
Federal
tEstimated
23,768,264
$1,691,515
186,781
7-4-—
•
income
Estimated
Cash
warehouse,
expenses—.'——
7—7l_«L———A:
profit
331,576
$25,459,779 $23,255,251
administrative
and
Operating
376,390
income_7l
stores
K
during
express
for
record
new
a
$25,083,389 $22,923,67(5
——————
*
•
7,'.
:
Manager of air mail and express."
.:
the corporation carried 125,264 pounds
Period End. Oct. 31—
contingent
.
sales-
194,002''
■
"Rhode Island
Hospital Trust Co.,
preferred stock.
26.02%
"The
29.99%
fixed, 43.98%
Contemplated will not make
capitalization proposed by the Commission."
any
change
in
the'
oper. incomeincome___—:
Net
—V.
573,509
5,010,806.
Fed.
'The
stock
York
p.
or
2364.
have
been
cumulative
(convertible)
suspended from dealings on
-
the
Exchange.
•
stock,
.
*
■
which makes no provision for the
has been approved by the court.—V..
Period End. Sept. 30—
"Net
profit
fEarnings
—
$278,412-
-
share
per
158
■
of
Jan.
1,
1943,
to
Sept.
30,
~:V
$035.
.
t$209,202
t$0.26
$677,022
to
cancellation
contract
on
the
contracts at
prices subject to adjustment;
certain
terms
and
conditions.—V.
contracts
158,
p.
676,
Income and principal distributions to holders of series B-l
mortgage
certificates will be made by Adolph Kaufman, Ivor B. Clark
and Henry
on Dec. 31,
The income distribution will be 3%
on
during
1943
have
and the principal distribution 2%%
amounted
represents
to
income
$87.40
and
on
$45
each
$1 000
represents
Distribu¬
certificate
principal
F
—
'
has
corporation
Corp.
The securities
and
$805,500
Co.,
the
30,
subject
Hetkin, trustees,
each $1,000. certificate,
3,800
47,437
5,075,704
45,600
4,579,427
A $11,622,833
$10,681,054
surplus
Earned
t$0.68
:
.
surplus
Total
filed
an
application
'
with
1A
.
:'.r
.
r
,
the;SEC; regarding
;
v. /. ■.;••
'
(
——_A——
r
—
2,454,740*
filed
practicable"
Co.
1943,
Section
to
and
Ogden
action
in
of
accrued
$136,932.
.
this
readjust
demand
interest
The
adjustments.
with
shares
100
6%
capital
capital
qf
stock
(no
Missouri
Penn Sugar Properties
'..The
purchase, price
is
structure
of
Missouri
,
The
the
.
Natural
approved by the Commission.states that "it
desires to consummate'-the'-aforesaid* trans-•
(e> of
.
to
a
comply
plan
the
with
filed
by
the
Commission's.!-order.' of
Ogden
Act designed to
Corp.. and
change
a,
as
substantially reduce such company's-debt if: the-proposed
order
May-. 20,
subsidiaries iunder
enable the Ogden:holding-com-
Corp.—Liquidating Dividend—
the
be
business
Estate
is
it
collected
Real
this
of
share,
of
a third liquidating cash distribu-.
payable Dec. 15, 1943, to stockholders of
on Nov, 30,
1943.
In order1 that this,
authorized
Trust
distribution
may
necessary to present
Co. of Philadelphia in
stock
cer¬
order
that
be
certificates
noted
thereon
and
returned.
at,
$530,000,
prospective
purchasers,
in
will undertake "as- soon
per
close
may
to.
tificates
payment
recently
cents
the
at
distribution
par),
as
directors
tion of 75
record
Natural
on'said notes amounting,
base
The.
Commission,
the
of
notes,
is
approving
11
to
certain
transaction
consist
unsecured
unpaid
1943,
to
statement
Gas
of
158, p. 2051.-
;
Ogdep proposes to sell to a group of individuals, all of the securi¬
ties,
including - a,tcerued interest thereon, which it'.owns of ..Missouri
Natural Gas Co.,
a wholly-owned public utility subsidiary of Ogden
Sept.
tions
902,847
1,963
for
reserve
following transactions:
Gas
subject
New York Title & Mtge. Co.—Distribution—
ef which 842.40
V. 158, p. 2473.
346,017
1,219,949
o-f Treas. stk.
—_____
t$539,886 '
$0.85 *
taxes AA—,
Capital
1943—9 Mos.—1942
Ogden Corp.-r-Proposes Sale of Unit—
The
1943
Sept. 30, 1943:
*$712,788,103
Billings on account of undeliv. contracts to Sept. 30, 1943_ 134^52l'l67
Gross val. of uncompleted work on contr. at
Sept. 30, 1943- 578!366 937
Eillings for nine months ending Sept. 30, 1943149' 326.666
"Estimated,
income
State
.
Operations,
Gross value of undelivered
;A--—;AA-—---A
and
124,376
190,421
75,873-
-A
for Federal/taxes.". fRevised. ; $On.
796,287 shares of capital stock.—V. 158, p. 774.
'
/
; New York Shipbuilding Corp.—Billings, Etc.—
Statistics
reserves
Fed.
■.■
25,000
2,454,740
-V.
<
for
—A——
.
possible losses on educational.loans—
Capital stock ($5 par)
—'
Res.
1943—3 Mos.—1942
depreciation and
"After
payable
108,383
424,033
73,525
^.384,972":
taxes..
profits tax:-payable-..;,-,
excess
Res. for unrealized profit on ,sale
com¬
.
and
and
Miscellaneous
158, p. 2050.
Norwich Pharmacal Co.-
of reorganization,
preferred
,
pari and the 7.%
($100 par)
Stock
The plan
mon
stock' ($100
common
preferred
I4ew
Suspended from Dealings—
income
Mortgage
Res.
Stocks
licenses
Accrued
contingent;
Net
distribution
;
to inter¬
of Aug.
as
.
a
quarterly t,'dividend of $1.31 V*
preferred'stock and a dividend of
;
year,
pounds
335,237
November,
Operating
.
Gas
complete
Net
• ;•
(Del.)—Weekly Output— V
Northwestern Bell Telephone
26.02%
*
special dis«
1652.
<
Erickson,
R.
In
;•
■
.
'A-similar
Peoples Drug Stores, Inc. (& Subs.) —Earnings—
9 Months Ended Sept. 30—
./ 7
: 7
'1943
1942
;
.
fixed, and 25.02% contingent.
contingent and 45.02% in'
,
,
14.
31, 1943, had 99,078 barrels of whiskey
storage in Kentucky.
Of this about 68,000 barrels was made in
1942, 18,000 barrels in 1941, 6,000 barrels in 1940, and 5,000 barrels
in 1939."—V.
158, p. 2473.
'V .1 •.7 '7,
/ ;
'
54.98%
preferred, stock.
Dec.
last year.—V. 157, p.
$531,850
"The corporation
Inc.—Record Express Carried—
carried
of
—
"New Haven
and
F'.
to
stock.
"Secured
record
itt
-
■
,
preferred.
;
increase
contingent and 26.02%
.
of
158, p. 490.
fere with
miles for .the 11 months totaled 904,736,663,, com¬
pared with 785,088,374 in the like period of 1942.—V. 158, p. 2257.
contingent and 26.02%
fixed,
29.99%
holders
following is taken from the "Wall Street Journal";
"The
-
on
declared
17
Airlines,
months
Express
"First
.-
"It is understood that the
present idea is to offer part of the com¬
pany's holdings for sale to shareholders for somewhere around the cost
price to the company.
the 6%
on
corporation
11
compared
as
.follows:
"Danbury & Norwalk, 29.99%
preferred stock;-
•
Co.—Special Dividend of $15—
of
for
company
cumulative
■.
Northwest
the
paid
all
to
Assets—
\
,..
"
full
the dividend
7
extensive whiskey supplies, but
nothing has been decided yet
the company said on Dec. 15.
,
Accumulated Dividend on Preferred1 Shares—.
2364.-
creditors
payment.in
bonds.
of
source
7
7 The board of directors recently has been considering several
involving a distribution among its stockholders of all or part
special dividend of 20 cents per
a
20
payment date.—V.' 158,
sub:
contemplated
the
the
7 7
,
companies
Park
7
v...'
statement of the
a
made on Dec. 23,
was
stock.—V.
•
stituted.
dividend
surplus to
capital surplus,
of
,
cumulative preferred stock, both payable
Jan. 20 to holders of record Dec. 31.
Like amounts were paid on April
20, July 20 and Oct. 20,, 1943.
Payments of 87%,cents per,share on;
the 7% preferred stock and of 75 cents per share on the 6% preferred
stock were made on Jan. 20, 1943.
Arrearages,after payment:of the
Oct, 20, 1943, dividends amounted to $6.12'J/a per share on the 7% "pre¬
ferred and to $5.25 per share on the 6% preferred stock.'—V. 158, p.
the
bank claims in cash, this releasing
other .secured creditors.
proposed
earned
out
The
Co.—Special Common Dividend, Etc.—
said interest
share
$1.12Va
the
to
The
per
disapproved,
are
of
remainder
extra
Whiskey—
said bonds, no transfers of bonds shall-be. registered
the registration books kept by the trustee during-the ten days next
To Pay
"The provisions for the treatment of the secured 6s and of the hank
group (Chase National, First National of Boston, Irving Trust, National
Shawmut of Boston, Second National of Boston, Union Trust Co; of
Springfield)
the
company, founded in 1882, is a leading manufacturer of
high
quality heavy cotton fabrics, operating mills in Pacolet, South Carolina
and in Gainesville,
Georgia.
Giving effect to the current financing
the outstanding capitalization will consist of
$1,000,000 of 3%% notes
due 1958, $500,000 of preferred stock and
100,000 shares of common
has
regular
a
Electric
•'/: /■
;
the
out
declaration,
1943, of a
share, pay¬
New
tli^ week - ended Dec. 18,. 1943,
totaled 43,715,000 kwh., as compared with 40,625,OOO kwh, for the
corresponding week last year, an increase of 7.6%,
,-7 7< ■
Electric output of this company for the week ended Dec. 11, 1943
totaled 42,760,000 kwh., as compared with 40,530.000 kwh. for. the corresponding week last year, an increase of 5.5%.
and
of
and
22;
30,
per
privately to two insur¬
through Kidder, Peabody & Co., as
agents, $1,000,000 of 3lk% notes due Nov. 30, 1958." The
proceeds are to be applied to the retirement of $1,000,000 7%. preferred stock.
• 7-7/.V ;7
stock interest in North Shore.
Northern States Power Co.
are
in
Dec.;
being
a
Nov.
cents
.
price corrected
a
and
profit
Other
•
$1,631,327
of
of 25
14
declared a special dividend of $15
per
quarterly dividend of $5 per share on the
being payable on Dec. 23 and the quarterly
usual
the
both
3,
ance
the capital
stock, par $10, both payable Jan. 3 to holders of record Dec. 22. Pay¬
ments during 1943 were as follows:
Jan., 2, 25 cents; and April 1,
July 1 and Oct. 1, 20 cents each. •
A
A A—.A 7,-vA AAA
The directors also declared income interest of lt'2%. payable Jan. 1,
1944, cn the outstanding first collateral lien bonds due July I, 1957.
Fixed interest of l'V2%
on said bonds is also payable Jan.:: I,
1944.
Pursuant to the provisions of the trust indenture dated as of July 1,
on.
:j
of
record
and
effective
surplus
rate
Pacolet Manufacturing Co., Pacolet, S. C.—Notes
Sold
.'.,7'
common
allotment
maximum
and
preceding
noted
acquire the Boston & Providence is approved.
additional
an
interest
"The
are
the stock of the Old
and
1937, relating to
corrections
l777-777
;■
-•
the
with
acquisition of the Old Colony is approved at
include
fixed
entirety
its
equities of the New Haven,
Also
"The offer
"The
to
in
become
of
the
Privately—Company has sold
'
for
in.
a,
7..'-:
:
The last
in July.
be¬
,
The directors
.
share
first
Judge Hincks issued this summary of his opinion:
"The
35.4%
a
Continent
North Texas
for authority to pay the bank
hearing on the form of decree for
entry upon the court's opinion.,
been
freed
the
7;
11
at
Montana,
Minnesota,
Kansas,
will
share.—V. 158, p. 2051.
.
outstanding $3,473,000 5%%
bonds due on
1, 1948; 43,186 shares of $7 non-cumulative convertible preferred
and 166,751 shares of. common stock.
No : dividends have ever
paid on the preferred stock.—V. 158, p. 2365.
Jan.
fixed interest,
creditors would
■•■•'.•A '-77
operation
'
18
has
.North
trustees
Haven
•
the Commission under Section
The subsidiaries operations are scattered through
Illinois,
Colorado,
SEC
Blyth & Co., Inc., on Dec. 2Q offered 9,000 shares of com¬
mon
stock
(par $25) as a secondary distribution at
$31V2 a share. Concession to NASD members was 50 cents
a
approved by
was
the
Dec.
on
the
stock,
Pacific
$120,773
.7.77■'
before
eight years.
1941
:
% ;.-A
out a plan of dissolution for that company.
carry
which
before
$205,376
$216,004
"After depreciation and Federal income taxes.—V.
158, p. 2257.
Mexico, and the provinces of Ontario and Alberta, Canada.
The company's largest subsidiary is North Shore Gas Co., operating
in, suburban
Chicago on the shores of Lake Michigan.
North Con¬
will submit it to the New
an
appeal, it was expected
was
was
petition
while general
independent
resume
new
certified to the court by the ICC
held before Judge Hincks in October,
plan
calls
structure
income bonds,
receive
-v.:
months
six
and
"
The
;
-
the ICC which
approval.
Barring
to
for
be
control
stock,
preferred
stock,
goes
creditors
would
it
from
capital
new
$88,000,000 in
the New Haven would
common
now
'
stock and $143,000,000 in common stock.
-Secured creditors of
and
The
of
$850,925
surplus
Oliver United Filters,
"Net
11
(e) of the Public Utility Holding Company Act, provides for the liqui¬
dation and dissolution of the holding,company; the,evidence indicating
that the breakup value of its assets is greater than their value on
a
going-concern basis.
The proceeds from the sale of the holding
company's interests in its subsidiary companies are to be used, in
the first instance, to satisfy its outstanding 5 % %
bonds. The S'EC
has reserved jurisdiction as; to how the preferred and common stocks
of North Continent Utilities Corp. should be treated once the bond¬
holders have been paid. ;"A
AA".A ;':7.:7
AA/AA A :A"AA
'North Continent. is a holding company .with subsidiaries, engaged
in the electric, gas, water, ice, cold storage, coal, coke, ore, feed and
Arizona,
in income bonds, ••
'
J ;
approved by Judge Hincks the New
of $376,000,000 as against its
as
and
telephone businesses.
$1,631,327 in new
by
price
structure
interest bonds,
000,000 in preferred
b.e given new
plan
$500,000,000.
in fixed
that
at
9 Mos. Ended Sept, 30—
;
■
,
$1,223,495
capital
a
of
structure
$95,000,000
and
Commission
have
will
increased
holders
such
directors
and
Jan.
on
request of the corporation, the Securities and Exchange Com¬
petitioned the U. S. District Court at Wilmington, Del.,,
The plan,
Dec, 21 approved with some cor¬
Commission's plan for reorganiza¬
common
and preferred stocks of' the
Hincks
C.
Interstate
the
of
C.
Judge
the
rections
to
29,
aggregating
tribuMo,n
has
to enforce
Reorganization Plan—Hearing Set Jan, 18—
Federal
tion
New Haven
mission
of
public
surplus, and capital surplus, of Ogden. Corp. as of Nov. 30
$289,755 and $3,257,818, respectively; the dividend
The
Utilities Corp.—SEC Asks Court to
Continent
(b)
or
aggregating
capital
'
$59,795
$35,785
7;77,-;--:v7 :;.:'-\7
•
.
matter
to
out
stock
Old Colony Insurance
Further Dissolution—
.
7 At the
proves
:
1942
1943
after, charges and taxes
157, p. 996.
North
"',A',:' AAaAA';'
.;
Lackawanna & Western RR.—V. 158, p. 2364.
permitted
payment
common
by
payment.—V, 158, p. 2365;
$221,812 7; $326,598
$0.93
$1.37
1
11
holding
earned
1943,
1
;.:A-A'AA 7;
158, p. 677.
Section
are
of
share
$1.57
which
the
Sept. 30, '42 Sept. 30, '41
$372,975
'
_
9 Mos. Ended Sept. 30—
New York Lackawanna & Western Ry.—Merger Pro¬
New
share
common
of
other things, to divestr'itself
extent
depreciation, provision for federal income and excess, profits \
taxes
($1,439,301 in 1943 and in 1943 after;a special, reserve of -;
$50,000 in anticipation of retroactive
pay
increases),
tOn 237,500 .
—V.
See Delaware,
——A-—A1—v-
—
per
the
on
checks to be accompanied
,
Sept. 30, 1942, company reported as profit of
$667,576, or $1.07 a share.—V. 158, p. 894.
,r;.;A.; 7" >A;.'A'A.A A
u
21
the
to
the
Dec.
on
Dec.
on
on
payment
ended
Oct. 2, '43
Hearing
"After
2472.
158,. p.
months
12
requirements
among
subsidiaries
the
$1,012,941 in 1943 for the nine-month period for. Federal
excess profits taxes.
$On 621,359 shares of capital stock.
and
the
its
Approves' Dividend Disbursement—
SEC
respect
able
amortization, interest and provision of $147,850
$388,796 in 1943 for the three-month period and ,$866,650
and
with
of
28.
dividend
North American Finance Corp.—Earnings—
A
loss
$0.80
$0.89
profit for the 12 months ended Sept. 30, last, was $671,503 after
Federal income and excess profits taxes,, equal,to $1.08, a share..» For.
to
and
profit
$0.13-
91,667
incr
of
$0.32
The
with
Net
shares
transferable
Balance
1942 and
in
income
1943—9 MosT-1942
$554,956"
$495,794
$83,169
conform
companies.
Dec.
SEC
;
1943—3 Mos.—1942
sh.
com.
depreciation,
in
tEarnings
(Sinking funds and other
—V.
"After
per
utility
held
Noblitt-Sparks Industries—Earnings—
21,881,000 ,15,750,000
3,636,033
3,449,761
12,552,542
13,016,136
8,454,141
8,591,480
.1,750,000
288,141
1,246,708
844,181
.
342,228
railway taxes-—
operating income—
.
^Earnings
$45,885
-A'"'
'$195,869
profit
"Net
excess
/ profits taxes A—
Other
AA—
.
Quarter Ended—
$7,739,253 $92,102,225 $80,356,368
to
directing Ogden Corp.
its interest in/ all
all
of
1943—11 Mos.—1942 A
1943—Month—1942
$8,517,132
—
,■
Fed.
as
Chicago & St. Louis RR.—Earnings—
New York,
Period End. Nov. 30—•
Gross
appointed
charges-™..—A
1673,
p.
Newport Industries, Ine.—Earnings—
New York Central RR.—New Vice-President—
Gustav
after
—V. .145,
A
,
system
pany
the Act and
Healey, ruled that it was net within its province-,
to rule Upon the respective merits of the opposing views.
The FCC order hacj held that charging the payment against
Thursday; December 16, 1943
Committee
on
above
delivered
Nov.
Rulings of the New York Curb Ex¬
that the common stock be not quoted "ex"
Dec., 15; 1943,; and that all certificates
29, 1943,, in settlement of transactions made prior
on
29
Security
ruled
distribution
after Nov.
until
to Dec; 15, 1943, must be accompanied, by due. bills for said distribu-v
'tion signed by the registered owner of the certificates, Due hills will
be redeemed by the Real Estate Trust Co. of Philadelphia upon presen¬
tation
of
the
certificates.
The/ Committee
.
\
further
•/-
'•
.
ruled^that
(Continued
all
on page
deliveries
2619)
in
settlement
of.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
158
Stock and Bond Sales
DAILY
NOTICE—Cash and deferred delivery sales are
«»
New York Stock
WEEKLY
-
furnish
we
Figures after decimal point represent one or more 32d of
Daily Record of U. 8. Bond Prices
Treasury
Dec, 18
Dec. 20
Dec. 22.
Dec. 21
,
Dec. 23
Dec.
Treasury
——[
[Close
Dec. 18
'•
1
Total sales
[High'
.
3VaS, 1946-49™
3yaa, 1949-52
Total sales in $1,000 units
f High
Low
[Close
]
Total sales In $1,000 units
-
[High
1947—
Total sales In $1,000 units
Low
■
.
«*•'
Low
"
Close
Total sales In $1,000 units
[High
(
2s, March 1948-50
—
——Low
Close
High
Total sales in $1,000 units
Low
3s, 1951-55
"High
Close
2s, Dec. 1948-50.
Total sales in $1,000 units--——
[High
111.19
[Close
111.19
Total sales In $1,000 units-—,
Total sales in $1,000 units—.
High
2s, June, 1949-51-
5
Low
—
Close
[High
[ Low
[Close
2%s, 1945-47™—
Low
—
Close
111.19
Low
2%s, 1955-60
Total sales in $1,000 units--
(High
2s,
Sept.,
1949-1951
_•!
Total sales in $1,000 units———
2%s, 1948-51
Total sales In $1,000 units
f High
Low
2s, Dec.,
[Close
-J Low
[Close
1949-1951——,
Total sales in $1,000 units
Total sales In $1,000 units
•
•' '
"
[High
-
[High
.
2%s, 1951-54
Low
■
2s,
Close
:v.
Low
[Close
High
March,
1950-1952—
Low
_■
Close
sales in $1,000 units
—
Total sales in
$l,O0G units——
'
[Hign
\
2%s, 1956-59
;
•
'
v
.
Low
2s,
'
'
Sept.,
■
.
[High
.
—J
1950-1952
[Close
in $1,000 units
Hign
•
In $1,000 units
[High
~
Low
2s, 1951-1953
-U.
100.5
Low
[Close
100.5
[Close
Total sales in $1,000 units
Total sales
[High
in
r
$1,000 units
100.5
If"
,—
'
2s,
I
1951-55
[Close
17
■r*
*High
1 Low
—
Low
[Close
sales
Total
—
2%8, 1958-63
2% 8, 1960-65
100.11
—
I
High
Total sales
2
100.11
100.11
j Low
2y4S, 1954-50
[Close
-
10
(Close
2s,
—
.
100
Total sales In $1,000 units
Low
-
100
100
•■
Close
Total
100
100
100
[High
2y4S, 1952-55
Total sales In $1,000 units
•
100
*3 Mi
*1%
High.
:
38, 1946-48
24
[Close
100.27
[Close
.
Dec.
Low
Total sales in $1,000 units
.
Dec. 23
j
*2y4S, 1951-53
[High
1 Low
V
Dec. 22
( High
Low
;
100.27
units—
.
.
York
[High
100.27
[Close
'
Dec. 2t
Total sales in $1,000 units
[High
\ Low
*
i
Dec. 20
[Close
[Close
in $1,000
the New
100
Close
$1,000 units
LOW
■
—
in
2MiS, 1967-72
Total sales In $1,000 units
sales
on
12
2V2s, Dec.,- 1964-1969
Total sales In $1,000 units
Total
bonas
100
[High
{ Low
f High
—\ Low
[close
3%s, 1944-46™
coupon
Total sales in $1,000 units
-
3%s, 1946-56-
year.
Low
[Close
'
-
for the
f High
2'/as, June, 1964-1969
In $1,000 units
48, 1944-54—
range
point. (See note below),
a
Daily Record of U. 8. Bond Prices
£4
[High
1 Low
4%s, 1947-52
the
Exchange
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation
a
Stock Exchange during the current week.
Total sales
such sales in
computing
the New York Stock
on
Exchange
YEARLY
-
disregarded In the day's range, unless they are the only transactions of the day. No account Is taken of
United States Government Securities
Below
2585
Low
-
[Close
•
Total sales In $1,000 units-
High
2%8,
1945
Low
—■
—
"•
2s
[High
:•
1953-55.
{ Low
——
Close
[Close
Total sales in $1,000 units
Total sales
in $1,000 units—-
[High
2%s,
1948
—-
[High
\ Low
.
Low
1%s
1948
Close
[Close
Total sales in $1,000 units
Total sales In $1,000 units
.
[High
2%8, 1949-53
Low
[Close
Federal Farm Mortgage
Total sales In $1,000 units
[High
2%a, 1950-52
•
3%s, 1944-1964—
Low
-(v
•
[Close
v
■—|
,
♦Odd
Monday
Tuesday
Dec. 20
Dec. 21
59%
108%
59%
108%
per share
*59%
♦108y2
9 per share
60
59%
109%
109%
59%
1091%
Wednesday
Dec. 22
59%
60
"1091%
Friday
111
I per share
*59
60%
109%
111%
the Week
1 per share
*59
*109%
1,000
111
48
*47
48
*47
48
*47
48
51.
51
*47
51
48
51
51
*47
52
*51
52%
*51
52%
80
48
*51
*28%
40
20%
20%
40 y8
40%
*66%
70%
72
6%
6
120%
10%
6
121%
*122
10%
10%
*281%
40%
*66%
10%
30
20%
20
c
10%
30%
*28%
20
;"
6%
20
40%
*66%
10%
10%
10%
10%
5,200
28%
28%
♦28%
30%
200
20%
2,300
Address-Mutigr
40%
5,700
Air
3,600
Alaska
71
*66%
5%
5%
J-* to
100
■2%
2%
10,500
24%
24%
9,800
24%
3,100
261/B
25%
26%
25
2%
25%
24
25%
24
25%
251/4
26
24%
24%
24%
24
24
%
24
24
38
38
23%
38
38%
*37
38
25
25i%
25%
25%
73
*67
*9%
9%'
147%
146
381%
38 y4
25
25'%
*67
9 >/8
147
73
*67
91/8
147
'
73
9!%
91/8
2>/a
2%
2 Vs
%
*37
38
1,100
24%
25
2,400
*68%
73
'
24%
*67
8%
24%
73
9
24%
*68%
8%
24%
73
8%
*8%
9Va
600
147%
147%
*13%
13%
*13%
13%
*13%
13%
13%
13%
33%
34%
33%
34%
13%
13%'
331%
13%
34
13%
33Va
300
331%
32%
33
32%
32%
10,200
Fo^ footnotes
see
page
2595.
148
149
149
149 %
148
143
Reduction
Alabama &
127%
25 %
2%
72
6
Nov
1,500
Corp
9
115% Sep 29
104
Mar
113
Deo
31
May
43*
Jan
39
Sep
Gold
7% Jan
fl
2
14% Jan
8
21% Mar 30
10
38% Jan
8
48% Jun
1
29%
Apr
3
61
Jan
Min—1
67
Jan 28
3% Jan
100
85
7
Jan
25
11
76% Sep
7y8Apr
128
Dec
Jan
2;
3% July 14
32% Sep 25
5i/a Jan
2
31% Sep
25
26%
Dec
16%
Dec
Oct
4
Nov
Feb
%
Oct
6%
Nov
Apr
6% Nov
par
13
Jan
11
Jan
18i/a Jan
11
45% Sep 25
3iy2 July 2
17
par
16
May
22%
Jan
100
64
Jan
15
75
67%
Nov
73%
Feb
7
4
3%
Apr
7%
Dec
July 15
118%
Apr
May 26
11% Jun
9%
Jan
19
9
10% Jan
8
14% May 22
10
16 y4 Jan
4
37% Nov 17
11 %
,
69
94%
Apr
No par
i
41% Dec
3%
140 Va Jan
Allied Kid Co
Mar
3%
par
15
—No
Jan
Nov
8y8
Jun
1% Mar
5y8 Jan
48%
Apr
69% July
A Jan
_1
Deo
5%
6
100
51%
18%
23
100
1
Dye
Allied Mills Co Inc^
par
_10
Allen Industries Inc
&
May
25 y2 Feb
Vicksburg Ry——_100
Chemical
July
por
Albany & Susquehanna RR
Allegheny Corp
5 y2 % pf A with $30 war
5y2% pf A without war
$2,50 prior conv preferred-No
Alghny Lud Stl Corp
—-No
Alleg & West Ry 6% gtd
Allied
52
Par
No
Highest
$ per share
37
3
57 Vb Sep 18
13
Apr
7
32% July 13
r_——10
Ijicj
Juneau
I per share
63% Mar 12
/-No
Corp
20 Va
128
108
t per share
i—No
Adams Express—
,Adams-Millis
40%
5%
100
Year 1942
Lowest
4
5
20%
*67
51V2 Jan
41 y4 Jan
41
126
.—No par
———23
20
6
f per share
Acme Steel Co
40%
123
Par
35% Jan 23
20%'
5%
■'
J—No par
70%
123
Range Since January 1
Lowest
Highest
preferred
40%
25%
39%
300
10%
2%
*38%
.
30
2%
21%
4%
40%
6
bond.
Abraham & Straus
*66'%
122
registered
Range for Previous
Abbott Laboratories—
70%
6
of
STOCK
'
V
40%
122
123
—
transaction
EXCHANGE
20
2 Va
2%.
NEW YORK
Shares
60%
*50%
10%
sales.
RECORD
Sales for
Dec. 24
Dec. 23
I per share
lot
STOCKS
Thursday
♦47
io y4
{ Low
—
[Close
NEW YORK STOCK
$
units
Total sales in $1,000 units
LOW AND HIGH SALE PRICES
S per share
f Low
(High
Total sales In $1,000 units
Dec. 18
-
1944-1952
1%s, 1945-1947
Low
[Close
Saturday
—
[Close
•
.
Low
[Close
Loan
Total sales In $1,000
[High
•
+r
(High
■
[High
Total sales in $1,000 units-
1963-1968
Owners
3s, series A,
[High
■{ Low
[Close
,
•'v'
Total sales in $1,000 units
Home
[Close
Total sales in $1,000 units
Mis, 1962-67
'
—
—
'
[High
\ Low
2%s, 1956-58—
$1,000 units——
v
3s, 1944-1949
///■>
Low
Total sales In $1,000 units—
2%S,
in
'•■"■■'V,'
[High
2
[close
Total sales
Total sales In $1,000 units
2%s, 1952-54
[High
Low
—{
:
'
[Close
.
165
Jun
149
Jan
May
12 Va
Jan
Apr
16%
Nov
2586
THE COMMERCIAL & FINANCIAL CHRONICLE
»
LOW
$
$
$ per share
per share
share
per
15 %
15%
15%
15"%
15 Mi
94%
96 Ma
*96 Mi
9 7 Mi
*96 Ma
37 Mi
15
15Mb
Ma'
15 Ms
T5 Mi
15 Mi
*96 Mi
9 7 Mi
*96 Mi
18 Ma
18 Ma
2 Ms
*96 Ma
97 Mi
38
38%
3 7 Ms
38 Mi
37%
18 Ma
183/e
18%
18 Mi
18 Ma
*18 Mi
2 Mi
*2 Ms
2,Mi
2 Ms
29 Ma
*29 Ms
2 Ma
,
37%
38
•
*18¥s
'
2
29 Mi
29
Mi
300
83%
83%
83%
1,100
Amerada .Petroleum
28 Mb
28%
28 Mt
28 Mi
28%
28%
28 Mi
28 Mi
1,000
Amer
61
61Vi
60 Ma
60 Ma
60 Mi
61
60 Mi
60%
1,200
American
Airlines
9,200
American
Bank
28%
28 Ms
28 Ma
28%
61%
61 Mi
61Mb
17 Ms
17
*60Mt
17%
18 Mi
17%
18 Mi
17%
17%
17%
17%
60 Ma
60 Mt
60 Vi
60 Mi
60 Mi
*60 Mi
60%
60 Mi
60 Mi
7%
7 Ma
8 Mi
7%
'
*131 Ma
132
8
83 Ma
84
V2
35 Mi
171
171 Ma
35%
170
68
„
*109
111 Ma
*110
*107%
108 Ma
3 5 Ms
108
.
68
.
.
10 Mi
14 Ma
*100 Ma
101 Ms
*100 Ma
119 Mt
121 Mt
.2 Mt
2 Ml
4%
66%
67
33%
-.
.
American
260
:
67%
American
29
29 Mi
10 Mi
10 Vi
*10 Mi
'
10%
14%
14 Mi
14 Ma
*101
101%
*100 Ma
101%
112
119 Mi
117 Mi
2Mb
*2 Mi
5
,
100
'
*100 Ma
122 Ma
101%
2 Mi
124
2Mb
25 Ms
24 Ms
2413
4MB
4%
4%
*7 Mi
'4
■
■-
*24 Ms
600
4%
American
i
4,400
25
4%
American
Mi
9
-
4%
Encaustic
Amer European
9
25 Mi
4%
*7%
24 Mi
24 Ms
4 Ms
800
74
74Ms
74%
73 Mi
74
73%
73%
17 '
17 Mi
16%
17 Ma
16Ms
16 Mi
16%
*73
16%
64
34 Mi
65 Ma
63 Me
34
*63
63%
34 Ms
*63 Mt
64
34 M4
34
'
16 =
16%
65
36 Mi
64
36
i
300
I
3,700
American Hawaiian SS Co——10
3 Mi
3 Ms
3,Me
3 Ma
3 Mi
3%
39 Ma
*39
39 Ma
39%
39%
*39%
40
39%
39 Mi
*39 Mi
!-"66%
67 Ma
67
6 7 Ma
67
67Mi
*67 Mi
68
67%
67%
67%
3 Ms
3 Mi
3Mb
:•
'
4
4%
4 Ma
.
15%
16
15%
81
81
81
14
14 Ma
7%
14 Ma
Ma
45
*123%
124 M4
35
34%
V
.
2 Ma
,
••
45 Mi
45 Ma
41
8%
9
8 Ms
700
46
*45
46 Ma
/
*45
Mi
!'
20
15 Mi
15 Ma
15%
15%
79%
80
80
80 Ma
80 Ma
14%
14 Mi
14%
14 Mi
14 Ma
Ma1
14 Mi
.14%
7%
8
23 Mi
23 Ma
Mi
8
8
Oct
2
20
2
9 ¥4 May
4
91% July 15
Nov 30
185 ¥2 July 29
124'%
320
'/ -6%
35
34 Mi
34 Mi
34%
120
2%
2 Ma
2%
2%
10,200
46
463s
45%
4 6 Mi
41%
41%
40%
41%
46%
45%
46
42 Va
41 M4
41%
*163
Metals Co Ltd/——;
123%
2%
8 Ma
Mach
Amer
124
2 Ma
2%
8%
9
167
*163
9
*163
167
167
*163
167
i
12%
12 Me
12 Mi
12 Ma
12 Mi
12%
12%
12%
12%
12%
•i 6,000
61%
62 3 4
61%
62%-
60%
62
61
62
61
61 Mi
2,180
14 Ma
14
14
14
14
600
14
14
14
*14
*14
14 Mi
14
*13%
13%
*13 Ma
14 Mi
*13%
14 Ms
*13 Ma:
.
14
*13%
13 Mi
%
'
*26%
26 Ma
26%
37 %
37 Ms
36%
*148 Ma
150
149
26%
26%
36 Mi
37 Me
149
150
*26%
26 Ma
3 6 Mi
37%.
149
150
'
25 Ma
15
*41 Mi
42
148
;
25 Ms
.25 Ms
15 Mi
*1658
.
303/s
30
.29 Mt
30 Mi
.
110
*109
110
109
.
*16%
17
2,7 Ma
**26 Ma
27 Ma
154 Ms
155 Vi
55#
56
58 Ma
58 Ms
.58 Mi
Ma
138 Mi
138 Ma
9Mt
9 Ma
9 Ma
55 Ma
55 Ma
58
58
138
138
9 Mb
' .55%
58 Mi
138 %
136%
9%
44%
43%
II8M1
*118 Ma
65 Ms
4Mt
4 Vb
64 Mi
4 Mi
% 4Mb
.
*45
*83
4 Mi
24%
25
24 Ms
25 Ms
24%
25 Ms
25 Mb
25
*9
2
2Ms
Ma
*9
4%
5 Ms
5 Ms
5 Mi
70 Mi
73 Mt
72 Mb
73%
78
37%
10
38 Mi
37%
Ma
10 Mt
*9 Ms
*8 Ma
8%
8%
*99%
101 Ma
12 Ms
13 Ms
90
91
*88 Ma
90
86
*85 Ma
86
37%
*9
*85 Ma
Ma
13
American
5 Ma
1,100
65 Ma
2,000
4 Mi
*45
24%
24 Mi
24 Mi
24%
25 Mi
25%
*113%
9 Mi
9 Mi
42%
*2
42 7/s
4Mb
42%
5
600
4%
14,300
*113 Ma
116
47/s
*73
82
2%
4%
74
'
73
73
•
200
9%
42 Ma
4%
*73
*9Mi
*2
.«
42 %
74 Ma
82
*78
42 Ma
Archer
116
.
10
38
38 Mi
37%
*37%
37Mb
373/i
37%
*9%
8Ms
$6
10
*9%
9%
9%
9 Ms
93/i
9%
700
Ma
8%
*8%
8 Mi
8 Mi
8 Mi
400
*8Mb
8 Mi
101 Ma
*99 Mi
101 Ma
12%
12 Mi
90
8
91
*85%
101 Mi
*101
*89
86
101
85%
12%
90
12%
*
38
85 Ma
101
101
1,400
f
101
3,100
89 Ma
89%
130
84 Mi
85
12%
12 Ma
88 Mi
89
85 Mi
85 Mi
70
600
—*
100
preferred
Atch Topeka & Santa Fe——100
38 Ms
3 8 Ms
*37%
38 %
37%
37%
3 7 Mi
37 Mi
*37 Mi
,
105 Ma
105 Ma
*105 Ma
106 Ma
106 Ma
106 Ma
106 Ma
106 Mi
108
108
54 Ma
55 Ms
54%
55 Ms
54 Ma-
55
54
54%
53 Ms
54%
54
54%
8,100
84 M4
84 Mt
85
85
84 Mi
84Mi
84%
84%
84 Mb
84%
84%
84%
900
38
107
26 Mi
26Vi
26
25 Ma
25 Mb"
29
29
*28M's
29 Mi
28 Mb
29
60
60
*60
61%
*60 Ma
62
Ma
59
59
26
26
29
26 Mt
*28%
26
Mi
26 Ms
Ma
108 Me
11 Ma
11 Ma
11 Ma
53 Ma
53 Ma
53 Ma
26%
110 MV
11 Mi
'
55
55%
*115
Mi
.
11%
11
54
*53
53%
55%
25 Ma
26 Mi
3,900
28 Mi
28%
61
400
*115 Mi
•
62
61
25%
25%
25 Mi
25%
110%
*109%
110%
11 Mi
11 Ms
11 Ms
53%
53 Mi
53 Mi
55%
55
55
115
Mi
116
*13
14
8
8
7%
7%
*7%
7%
71
71
72%
72 Mi
70 Mi
71 Mi
3%
3%
3%
3%
19%
19%
14
*13 Mi
14
55 Mi
*112
*13 Mi
220
117
14
'
8 Ms
8%
8
73
73
Ma
75 Ma
3 Ma
3 Ma
3 Ma
3 Me
19%
20 Ms
19%
.20%
73
3%
3 Mi
7 Ma
*71
7%
2,000
180
72
3%
3 Mi
19 Mb
20 Ms
<
•
19%
20
19
Mi
5%
5%
5%
5%
5%
5 Mi
5%
8Vb
8Mb
9
9
8%
8Mb
8%
8%
9 Ma
*9
9%
63
63 Mi
63 Ma.
63
63 Ma
24 Mi
24%
24%
25
24%
12
11 Mi
11 Vi
11
9
*11 Mi
*44
26 Mi
32'
32
*105%
*8%
105%
106
9
105 Ma
*105 Mb
4,300
Mi
*24 Ma
24%
24 Ma
24%
11
*11 Mi
12
45 Ma
26 %
32
9
-
*44
17%
15 Ma
*11 Mi
45 Ma
17%
15%
26 Mi
26
*30 Ma
9Mb
32
Vb
17 Vb
15Mb
26
Vb
*30%
105 V2
105 Ms
105 Ms
*29 ¥2
31%
112
9%
9%
9
*107 Mi
10
31%
10
10 Ms
10 Mi
10
10 Mi
*33%
34 Mi
33%
34
For
footnotes
see
page
*29%
*107 Mi
112
10
10
9%
*105
9%
9%
9%
9
9%
33%
2595.
<2Z
31%
115
10
*29
*107 Vi
*9%
30%
115
10 Ma
12
4 5 Ma
*44
17 Mi
Mb
*29 Mi
108
*10
9%
9 Ma
1,000
61%
61 Ma
120
24 Mb
25
3,600
*11 Mi
12
400
*44
17 Vb
&
2,ioo
17 Mi
-
13
^*100
^
15%
*15 Mb
15%
4,500
26 Mb
*26 Mi
26%
1,300
*30
32
10
31%
108
10 Ms
105 Mb
105 Mb
9%
9 Mb
300
*29
*107
10
80
-
10
-
:—No par
preferred—
Bath Iron
Bayuk
100
900
.,
5
Works Corp
Cigars
1
No
Inc
Beatrice
Creamery
$4.25 preferred—.
Beech
Aircraft
Creek
Corp—
RR__!
Beech-Nut
Packing Co
Belding-Hemingway
10 Vb
10 Ms
10 Mb
10 Mb
10%
10Mb
11 Ms
6,800
Bell
34
33%
34
33 Mb
34
33 Mi
34
2,900
Bendix
50.
z—
Co__
Beech
6,300
31%
112
lIOO
50
100
—10
Barker Brothers
Oil
Aircraft
35
Oct
1
5 ■:/ May 27
66 Ma Sep
Oct
47
5
20
14
5
11
2
2
20
2
9
7
27
4
11
7
5
4
7
2
24 ¥2 Nov 29
Jan
8
v.- 37
!
Apr
Oct
Dec
5%
7
Nov
Jan
35 Ma Mar
6 Vb Jun
„
.
10 Mi
Jan
12%
Dec
7%
Nov
Nov
15
1
40 Mi
9 Ma
6
82 ¥2 Sep
Mar
4%
27
15% Jun
56 / Dec
.'""'"2- May
Jan
2%
Ma May ,6
7 Ms Feb
2
17 ¥2 May
1Mb
25
20
9
v!;;
10¥a Jun
7
125% Nov
'
1
36
Oct
■
4
May
16
4
27 Vs Apr
Apr
Apr
113 ¥2
23% Mar
119
Feb
Feb
21% May
Ma Mar
29
26%
Jan
iS
Jan
29
15 Ms
Apr
26 Mi
Jan
29
12 Ma
Apr
22
Jan
8
3%
Apr
6
Mi Nov
23
142 Ma
Jun
165
Jan
Oct
;
9 ¥2 May
52%
12
59 ¥2
Oct
9 Ma
Nov
14 Ma
Dec
8
4% Mar
4
6%
May
Apr
16
29
Apr
36
Jun
115
7 ¥3
;
Jan
17 Mi
32% Aug 11
Oct
Nov
Feb
12
21
Nov
Mar
12
Jan
Oct
Jan
Jan
23
Jan
Mi
97Ms
78% Mar
Aug 31"
Mi
21%
Mar
15
2
Jan
Jan
144
Jun
9%
17 ¥2 July 15
Jun
43
16%
24
Dec
35%
148 Mi
136 Ma
3
29
33
May
132 Ma May
151 Ma Aug 31
29 Mb May
May
35 ¥2
1
Aug 18
45
Feb
24
32Mb Mar 23
47Mb Apr
161
Jan
Apr
Aug
101 Mi
Apr
63Mb July 15
33 Ma
Apr
49%' Jan
65% July 14
_
34%
Apr
50%
Apr
143%
Jan
7%
Nov
33%
Dec
158 Mi
July 22
146% July 23
12Mb July
1
49% Sep
121 Mi Aug
120
.
3%
J 22
20
2
9
1%
39
31% Apr
70 Mi
Feb
5%
Jan
Dec
76%
Jan
5%
Jan
Apr
Jun
50
.22% May
7
Jan
28%
Jan
Dec
30
Jan
12% Mar
•
.
17
Jan
24
107
Mar 18
112 Va Mar
May
7% May
7
3% Feb
Nov
Dec
3 Ma
8
14% Apr
Jan
4
Aug
38%
/
23% July 15
116
116 Ma
Apr
3 Ma
7
29% Apr
Jan
Jan
.51%
79 Ma July 21
*
Apr
Apr
108 Mi May
May
7 Mi Apr
134%
27
1
12 Mi
Mar
Oct
1% July
47 Mb Sep
27%
Apr
36
2 Ma
75
18
83 ¥2 Sep 28
42
Sep
Sep
67 Ma
Feb
40 Ma
Oct
66
Jan
40% Jun
21
Jan
33% Dec
8 Mi Nov
23
6Mb Sep 20
Sep
5
57/s Mar
10% Jun 26
10 Mi Jun
4
15 ¥2 Jun
2%
5
Oct
28
110
79
Apr
Ms
4%
82
May
4 ¥4
6%
Apr
61 Ma Mar
97% July 21
77 Ma
Jan
Oct
July
Jan
Jan
53
Jun
83
Jan
,20
Jan
28%
Dec
Jan
100 Ma
Dec
94% July 22
39% Oct
4
Dec
20
81%
108 Ma Nov 30
Ma' Jan
67% July 24
27
90 Ms July 22
60 Ms
Jun
72 Ma
38
May 26
19%
Jun
34 Ma
Oct
36
¥4 Oct 26
16 Ma
Jun
34
Jan
45 Va
Jan
23 Ma
Jan
68
Oct
20
33
>
Mar
14% Apr
99% July
28% May 27,
113 Mi Sep .13
53
--
Feb
7
Jan
51
Dec
Sep
46% Apr
57
Sep 28
68% July 14
Oct
109 Mi
6 Mi
13% May 29
Oct
43
May
70
Jan
123
Jun
24
Ill
May
116
Jan
15
Nov
1
7
Apr
9 Ms
9% Aug
4
lMi
3 Mi
85 Mi Aug
4
15 ¥2
Apr
Apr
6% Apr
8
.
31
2% Jun
Jan
Dec
Dec
4 Ma
Jan
14%
Jan
.....
■
Ohio—
preferred
Bangor & AroostookConv 5%
preferred
Barber Asphalt Corp
Barnsdall
42%
■
.
4%
5 ¥2 %
45%
32
105%
*
*29 Ma
*107.
32
9 Ms
25
15%
15 Mi
26 Mi
32
8Mb
63
*26 Ma
15%
26 Ml
8%
*9
17%
15%
8Mb
63
15 Ma
*31
11,000
9 Ma
17 Ms
*25%
5%
63 Mi
17%.
15%
5 Mi
*63
17 Ml
17 Mi
Mi
45 Ma
*43
45 Ma
*44
17
9 Mi
%
>
Jan
Jun
18
4 '
10% Jan' 2
3% Jan
2
■
63
Ma
B
.
Baltimore
5Mb
.
-44
Baldwin Loco Works v t c
5%
/
-
106
28,500
-
Jan,
Jan
Jan
Jan
Jan
49
Jan
30
Jan
6Mb Jan
4Mb Jan
92
Feb
6 ¥4 Jan
72¥2 Jan
59
Jan
29
Jan
100
Jan
preferred—— *100
'
5 Mi
9
20
Dec
Dec
10 ¥4
25 Ma
54% Mar 30
'.19
conv
V;.:
;
'
Dec '
1
15 Vi Apr
2
2
•
21,400
Dec
Dec
8%
.
17
16% July 14
5
Jan . 4
18Mb Jan 7
Mar 16
Atlas
Corp
z_
*
5
6% Jan
4
6%
preferred—:
—50
50¥2Jan 14
Atlas1 Powder—
——No par
52
Jan
9
5 % conv preferred.————100
113
Jan 12
Atlas Tack Corp—
No par
7% Jan 7
Austin Nichols
No par
2% Jan 21
$5 prior A
;
.——No par28M2Jan
5
Aviation Corp, of Del (The)— _3
3Mo Nov 9
4%
2
49 Vb
■
78% Jun
4
88% Nov 12
8% July 16
Refining
_25
pref series A_——100
Atlantic
6,390
53%
119
^-1
W 1 SS Lines—;
Jan
July 14
69% July 24
2
Jan
44% Jan
Jan
100
Line-RR—
Coast
G &
Jan
-66
*100
—
non-cum
-
800
55 Ms
Atl
6,000
53 Mi
preferred
Atlantic
,
120
11 Va
5%
5%
•
2,900
*109%
26
8Mb
*13 Mi
.
500
110 Ma
55%
119
*60%
26 Ms
29
11 Ms
25%
*109
25 Mi
*28%
14 Ma
*13
14 Mi
*13 Ma
11%
119
*115
119
26
*109 Ma
54
*53
53 Mb
53 Ma
*115
26 Ma
109%
109
108 Mt
25Mb
373A
,
Assoc Investment Co——No par
70
Ma
'
*38 Ms
*105 Ma
prior preferred
preferred
—;
—
40
12%
12Mb
IM2
26
173
.
2
lMi
34
3
46
conv
-
Jan
45 ¥2 Oct
Jan
2
Jan
2
Jan
6
Jan
5
Dec
1
Nov 17
lll¥2Jan
„
8Mb Dec
of Illinois
Co
187/s
25%
48Ma Oct
.
.3
Feb
16 Ms Jan
par
5
No par
7%
—100
Armstrong Cork Co
---No par
Arnold Constable Corp
——5
Artloom Corp——
No par
1% preferred—**——
,100
Associated Dry Goods
———1
6%
1st preferred—
—100
7% 2d preferred———100
Armour &
3,200
82
*77
No
Midl'd
Daniels
Jan
87% Jun 16
7 ¥2-Nov.
Jun
39a
Dec
Nov
Nov
11 Mb Jun
2.
4
2
1
24
Anchor Hock Glass
200
21
2 3a
No par
300
*19%
9 Mi
Wire & Cable-*
Anaconda
16 Mi
42% Jan 11
24Ms Nov
9
—25
_50
Corp—12.50
7 $5 div preferred——*»—No par
Andes Copper Mining
;_20
A P W Paper Co Inc
5
20
X20
2%
*73%
s
3
3 Mi May
5
18
5
7=
, 2
55 Mi Jan
5
3% Nov 30
—-—1
preferred
Anaconda Copper Mining
i,i8o
.
3Mb Jan
53% Jan
3% Jan
par
-*-100
S5 prior conv
19,100
25 Mi
;
—-
Amer Zinc Lead & Smelt
300
25 Mi
———
18Mi Jan
I6M2 Jan
6 Ms Jan
129% Jan
2
6% Jan 14
32
Jan
6
115% Jan 8
No par
—No par
Woolen
Preferred
'3,500
46 Ma
4Mb
Mi
46 Mi
Elec—No
16 Mi
Jan
May 10
4Mi May 10
2
43 Ma Jan
—-100
-
Wks &
.
.
—25
1st preferred—
$6
89
5 Ma
65%
.•
preferred-
Am
Jan
2
Jan
1,
Jan
2
Jan- ;5„
Jan
2 J
Jan
2
Nov
8
Jan
7
Feb 11
Jan
4
Jan 29
Jan
4
42 ¥2 Jan
Viscose
Water
7.400
100 Mi
%
Oct
21% Jan 14
2
.100
Foundries Inc——10
Corp—
,-14
5%
400
6 Mi
24Ms
9 Mi
82
4
3,200
'
May
7 ¥2 Mar
92
Apr
127¥i Jan
preferred
Amer Type
American
Jan
*36%
25
6%
830
Dec
5
91
class B——
Apr
9
Oct
7%
22%
2
15
10
18
Dec
36Ma Apr
17 ¥2 Jan 14
——100
Tobacco—.
Jan
3% May
14
70/ May
12
Common
2,900
25 Mi
*2
5 Ma
13 Mt
*99%
*4 Mi
t
43%
*83
88
*45
116
75
*80
*83
4 Mi
46 Ma
20
42%
74
;
-—
Telep & Teleg Co
American
i 1,400
118
6 Mi
5 Mi
20
2 Mi
5
■
82
*80
80
Ma
9
*42
'
65 Mi
*114
*2
2 Ms
43
43
43
*42 Ma
9%
*9
9%
*2 Ma
-
:
9
43%
117%
Amer
2,300
137
9
6 Mi
5%
24%
116
136%
136 Mi,
64 Mi
'25
21%
*114
116
*114
116
*114
*20
21 Ma
*20
20 Mi
58%
5 Ma
4 Mi
25%
*20
58 Mi
64Mb
'*44
2 4 Ms
25 Mi
5 6 Mi
58%
—
15
6
7
par
Am Sumatra Tobacco—.—_No par
27%
Mi 155%
56 Mi
5 Ma
46 M8
25 Mt
88
6,400
Preferred
Dec
Jap
100
Co^
Mar
103
3%
100
Sugar Refining
400
:
Stove
American
3,900
;
110
56 Mi
64 Ma
5 Ma '
65 Ma
155
9 Mi
6 Mi
6%
i
110
Mar
10
29 Mi May
Jan
May
69
25
Dec
20 Ma
105
36 Mi
35% Jan
par
No par
—No
American
30 Mi
7
4 ¥4 Jun
128
141M2Oct 11
19Mb Jan
6
11Mb Mar 9
preferred——100
non-cum
Steel Foundries——-No
American Stores—
.2,000
16"%
*26 Mi
43 Mi
43%
118% 118Mb
44
118%
6
•
88
5 Ma
•
46 Ma
*45
45
44 Ma
5Mb
65%
66
4Mb
*84
87
5 Ms
6 Ms
9
9 Ms
43 Mi
6Ms
136%
137
*9
*117 Ma
*83
Ma"
58 Mi
44 Ma
5 Ms
27 Ma
58 Mi
117%
66
7Vo
Amer
Jan
Sep
144 ¥2 Feb
—25
American Snuff—
>
Jaiv
73%
May
10 Ms
54
8%
12%
25
36 ¥2
Preferred
50
33
2 Vb
154
Smelting & Refg——No par
—————,—100
Amer
600
16
.
30%
155 Mi
587s
44 Ma
87
*26 Mi
155 Mi
55
117%
5%
130
990
May
55 Ma May
16
May
32%
-
Safety Razor—
18.50
American Seating CO—
—No par
Amer Ship Building Co——No par
900
Oct
20
1
6
par
25
—100
preferred
104¥2 Jun-
Dec
Dec
176
22
100
Rolling Mill-.
conv
v
Apr
4% Apr
A Jan
American
5,700
25 Mi
=*108 V2
27%
9 Ms
6%
■
109
56 Mi
44 Mi
6 Mi
109
*55 Mi
56
117Mi
6 Ma
31
137 Ms
■
*16Mi
17
30%
155 Ma
*26%
155
44
*83
42
15%
4 Ma %
10,800
i
150
24%
15% .15%
108%
*117
6%
*41
25 Mi
*16%
/
30%
108%
109
154%
154 M4
17
,30%
30%
154/k
'
*26 Ma
27%
*27
15%
36%
151 Mi
*146
41 Mi
150
25
26 Ma
151
151 Mi:
American
18Mb Feb
3%
74%
Apr
Mar
40% Jun
x26
par
———
"
*165/s
154 Vb
41 Mi
.
25 Mi
15%
15%
17
■
*146
25 Ms
25%
15
42 Ms
148
*146
15
17
*108 Mi
Ma
*146
.
25 Ma
25 Me
14 Ms
*16%
29%
148
*146
146
41
41 Ma
*40
41 Mt
40%
146
,
36 Mi
36 Mi
36%
37
26%
26 Mi
26%
26 Ma
150
149
No
11Mb May
Feb
159
July 10
24Mb Apr
Oct
Jan
5
20Mi
116%
—100
Co—•
Preferred
12 Ms
*14
News
lMs
56%
33
130%
-4-
68
12 Mi
7Mb
par
Am Rad & Stand San'y_.—-No
,
61 Ma
:
No par
i
Apr
Jan
37M4
4%
/. -5M/i
: 39 ¥2
73/i
,..
15,000
12%
<
American
11,700
61 Ma
14 Ma
preferred
Apr
116% July 23
112% May 10
29 Mi Dec 23
23
2Mb Jan
2
.
/Amer Power & Light-^
-—No par
$6 preferred—
——No par
$5 preferred
No par
8,700
I
9
8 Mi
9
8%
.
*34
Metals——__No
Amer
35
35
&
1,200
80
2
Feb
23
120
Aug 18
45 Ma Jun
6
29
5
1
4
1
26
Aug
_
———/—100
Fdy Co
—No par
'1,900
1
23 Ms
*123 Mi
124
3,100
&
43% July 14
134
4
53 ¥2 Jan
par
Mach
Deo
Nov
35
preferred
1%
Amer
124
123 Mi
„.„^No
Locomotive
American
Nov
58 ¥2
49
•
No par
Corp—
/American„!nvest Co of ,111—1-;
5% conv preferred—1
50
3,100
S
8
23 Mi
Amer Internat
.
22,900
15%
8
8
23%
23 Mi
23 Mi
41 Ma
9
167
*163
167
46 Ma
*45
46
42 3/s
*163
6 Mi
6 Mi
*
1,100
24
Apr
6 Ms
30
;" ; '6%non-cuni preferred-———,190
;
79%
2Mb
46 3 4
40 Ms
500
f
7 Mi
16
*34
40 Ma
1 1,600
62
7%
6 Mi
*6 Ms
•
•*61
••
Jun
25 Vi
9 Mt
•
1
Leather—
&
18%
8
Apr
preferred-;.—.-—-50
conv
4 Mi
M" 4%
'
80 Ma
123 Mi
2%
44M4
7%
-6%
Oct
13
Jan
2
6Mi Jan
8
22 Mi Nov
8
-l%Jan
2
46Ms Jan 12 '
7
Jan
6 :
/39
Jan
6 -
,j American Home Products———!
/ American. Ica-L/--/-<------No pa r
80%;
8
35
35
2 Ma
6M4
4 Mi
61%
7%
•
400
I 1,500
15 Mi
23
,
124 Mb
Ma
2
*4 Mi
61%
.
8
6 Ma
6%
45
14
8/8
23%
*1233/4
4 Mi
61 Ma
,"\'*7%
American "Hide
2,300
!
67%
15%
•
14%
8
23Ms
4%
61%
■
..
3 Mi
40
"
'
93
8
23 Ms
4%
:
'
'
62
3
*5 Ms
16Mb
80
"
8
46 Ma
*45
45
45
•62
7% V 7 Ms
6 Ms
*5%
6 Ms
*5%
4 Ma
4 Ms
63
*62
7%
7%
.
Ma
64
*62
'3 Mi
;
'
Sep
35/s Mar
1% Jan
Export ..Lines Inc——1
65
35%
-*39
,
70 Ma
5%
'
-34 Ma
3Mi
34
18%
Mar
34
97 Ma Jan 27
15 Mi Jan
8
$7
6,200
Dec
43
38%
4
Amer.& Foreign Power——No par
900
11
7
8
1*
20
-1
35%
16%
*63
64
25%
16 Mi
8
f
■■
29
30
59% Nov
I8M4 Jan
Nov
Feb
19% Feb
6% Jan
preferred/—/.-A—:—No par
$7-2d preferred A——No par
$6 preferred—_/-—__No par
73 %
*73
73%
Jan
Jan
31% Oct
21
107
96
'
73 Mi
IMa
Nov
24 Mi Jan
No par
Sees
H Au^
9% Apr
71 Vi Jan
par
Thing-
Nov
18 ¥4 Dec
168
Cable ,Inc——No par
preferred——:—_100
Distilling' Co———
Amc
23,700
;
2 Mi
Jan
19%
61
.
Crystal.Sugarz
10
1st preferred-———j—100
6 %
r
120
*24 Mi
9
*7.Ma
Ms
*2 Mi
Jan
Apr
86 % Jun
76% July,
Nov
30 Ms
5
'American
1,100
14%
6%
81
•
5
Am Coal Co of Allegh Co N J—25
'/ American Colortype Co.————10
400
14%
22
4
par
Chicle/—/——-—No
64
Jan
&
conv
i American
890
29
28
Chain
5 %
109 Ma
108 Mi
34
15
2 Va
9
109
Am
1,200
112
10 Mi
122%
*7 Ma
108
No
July
Apr
2
; 3% Jan
—25
————-100
& Fdy-
Car
Highest
t per share
Apr
27% Jan
127Mb Jan
par
100
-1
Corp
-/--
4
23Mb Sep' 21
2% July 22
2
8% Jan
18
43 Mi July 10
27
47
7%'non-cum, preferred—-—100
800
23 Mi
*110,"
28
15
101%
2Mb
23
23 Mi
112
-—No
Co
Jan
Jan
Dec
1942
$ per share
4 Ma Jan
——50
1
preferred—
& Radio
23
——_
Can——
Preferred
5,806
34Mt
*67
Amer Cable
1,800
J
.
172
171%
67
*23
*110
108 Ms
no
15
120
2 Mt
23 Mi
112
4Mb
25
25%
4%
25
9
*7
9
*7 M»
25 Ma
34%
108
25
*9 Mi
14 Ma
*2%
34 Mi
26
25
*14%
'
v34Ma
23 Mi
108 Ms
108 Mb
14 Ma
'
172 Mi
Shoe
conv
97
14
52
10
.10
.
*
Corp
16% Sep
2
7
7
Jan
x67
par
——„
Note—
Bosch
Brake
5Mi%
■
Inc
preferred-
7,200
83 Mi
83 Ma
Am
90
*
,8%
8 Mi.
8 Mi
83 Mi
6%
1,100
.
133
.
Corp
$ per share
share
17% Jan
7
% Jan 13
13 Ma Jan 20
Agricultural Chemical-No par
American
2,500
'
10 Mt
122
120%
,
*171%
=■110
101%
14 Ma
*100 Ma
8%
83
171 Ma
66%
67%
23 Mt
111
*110
.
*9Mb
10%.
*9%
8Ms
83 Ma
,
130
>'
40
132%
171,
35
23
111 Ma
108%
*24 Mi
25
*22 Ma
8 Mi
8
40
40
135
34.
171
,34%
.67%
.
.
.
83 Ma
170 Ma
171
39%
*132 Mi
132 Mi
83 Ma
8M4
83
8
40
40
132 Mi
132%
8 Mt
8 Ms
84
23
23
23
23
.
35 Ms
68
68
132
8 Va
8V1
Ms
84
132%
8
7 Mi
40 Mb
40
40
40
40
*129
7%
7 Mi
7 Me
7 Mi
No
29%
83%'
*60%
40
*28%
Amalgam Leather CO Inc
'
6 % conv preferred—.
3,700
29 Ms
84
16%
2 Mi
83
84
60 Mi
2%
par
Year
Lowest
Highest
6 Mi Jan
73Mi Jan
26 Ms Jan
No par
1
50
82 Ma
84
*
Mi
No
,
Alpha Portland Cem
400
*
Mfg^
29 Ms
84
16%
2
*2 Va
5%
30
28
60
Me
18%
t per
.—No par
100
84
28'
83 Mi
*28 Ma
2
*18 Mi
13 Mi
Lowest
Corp
preferred-
Allls-Chalmers
8,800
Since January 1
Rang:®
Allied Stores
500
38
Previous
Range for
STOCK
Par
4,800
9 7 Mi
9 7 Mi
383/s
38
38
YORK
EXCHANGE
Shares
15%
15 Ma
NEW
for
the Week
$ per share
$ per share
share
$ per
Dec. U
Dec. 23
Dec. 33
Sales
Friday
Thursday
Wednesday
Dec, 31
Dec. 30
I)cc. 18
STOCKS
SALE PRICES
HIGH
AND
Tuesday
Monday
Saturday
Monday, December 27, 1943
Corp
Aviation
—
par
-25
No par
-—1
—50
20
No par
I
—5
Jan
2
5¥4 Jan- 2
34MiJan 6
12
Feb 9
5 ¥4 Jan 13
30
Jan 4
6
12 Ms Jan
2
7
7
24% Jan 16
105 Ms Dec 22
7 ¥4 Nov 30
13 ¥2 Jan
23 Ma Jan
25% Jan
25
Jan 25
9 Ms Dec
3
9 Ms Nov 29
93
33
Nov
8
20% Dec 20
9%
10
Jun
Apr
7
2%
Jun
14% Apr
6
4 Ma
Jun
4
Apr
12% Apr
63 Mi Dec
29
17
22
,
«
Jan
4 Ms
"
Jan
7%
Jan
6 Ma
Jan
36
Dec
6 Ms Mar
13%
Dec
21
20
19 Mi July 19
4 Ma Apr
24% Aug
8% Jan
6 Mi
Nov
33 Ma
Dec
12%
Dec
20% Mar 22
12 Ms
Jun
18 Ms
Jan
Apr
x23Vi
Nov
26
Oct
28 Mi July 14
15Mb Sep
47
x29
Sep
May 27
33 Ma July 19
xllO
Sep
,
15 Ma
20
Apr
9
24
33 ¥2 July 13
14% Sep
114
11 % July
20 Ma Mar
39% Apr
23 Ma
Jun
64
30
Feb
Apr
110%
Jan
1
16
6% May
9 Ms
Dec
9% May
17%
Nov
6
28 Mi May
39%
Jan
Aug 28
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
158
LOW
Saturday
per share
16%
$ per
•16%
S per share
*16
16%
57
*54%
57
34
32%
33
33%
34
16 Ve
15%
16
15% :
16%
56%
57%
56%
57
56
57
*115%
116
.
*115%: 116
37%,
38
38
-;
*55
57
115%
38%
$ per share
.16%
*54% ~ 57
33%
33%
15%
55%
115%
40
115%
/,
•
•
*55
16
16%
*7%
161/4
.
8
16%
7%
.
7%
■
16%
*115%
116..
7%
8
16/a
16%
*15%"
16%
15,%
15%
*14%
15%
*14%
15%
15%
*
*91
95
*91%
95
95
*92
95
13
13
44
44
12%
:
13
12%
44'A
.'44%
13
44%
*87
88 %
87%
87%
47
46%
46%
47:
12%
44%
88 »/2
*46
•
44
881/2
,,
56
*115%
118
39 %
'
•
40
-
161/a
r
.„>•
v
2,800
16%
95
15%7
*92
■■'
10
■441/4
*88%
13%
44. <
j
441/2
90
Blaw-Knox
-
44
Boeing
Bohn
2,000
Bon
88%
60
47'A
34%
88%
130
i
500
i,
Aluminum &
*34% ,35
47%
46%
34%
34%'
29 '/a
28V2
28%
36
'»! 34%
46
34%
■
Ami Co
class A——..No
35i/8
35%
31/a
3%
34%
35%
35%
35%
31/8
36
29%
35%
29%
35
291/4
v,
28%
3'A
*2%
3%
■
28%
.
471
"
<:/ 47.
*33%
*46%
34%
28%
"
-
2%
2%
37%
37%
12%
*40%
*37 '/B
39%
'•v 37%
37%
38
V4
12%
12%
12%
12%
43%
8%
8%
26%
26%.
12%
*40%
.:
43%
9
*40%
9%
26%
...
39,
39%
39
42%
41%
41%
41%
*%
hi
%
3/c
7a
*%
i§
.
*%,
15
147/8
*38 %
39
*38%
16%
16%
8%
8%
*115.
87/s
1151/2
•:
.
"
15
*38
38%
16%
17
8%
8%
8%
8%
115%
1151%
6%
6%
5%
98
98%
47%
49
5%
8%
*115%; 117
5%
8%
117
*115%
■'*
5%
5%
8 s, a
r
•
.
16%
■<
•
2,300
200
16%
■•••
5%
.
7%
*98
100
481/2.
.
*97%
98
481/a
99%
49
43%
48V2
7%
7%
7%
7%
7%
7%
7%
*16%
:
7%
16%
16%
*16V4
16%
*16%
16%
*17 J/8
17%
17%
17%
16%
17%
33
33
33%
33%
27%
27%
28%
28%
'
16%
\
48%
7%'
.
.
7%
;
$5 preferred
1,030 i-
'
4,700
Budd
Euffalo
*16%
16%
100
*17%
17%
2,100
Bullard Co
*33
33%
33
33%
33'/a
33%
1,100
Bulova
/■:. 28%
28 %
23%
•28'A
2,900
Burlington Mills Corp——
33
28%
28%
28%
100
No
17%
17
17%
•
Forge Co
108
*1061%
llOi/a
*106%
12'/e
12'A
121/4
12%
12'A
*3%
4%
3%
*54%
56
55%
39 %
40
3% '
40
*8%
9
3
3
201%
8%
8%
27%
;
l3%
3
13%
21
13%
*12%
68'A
24%
24%
24%
55%
*53%
55%
i;i
Watch——
6%
6%
6%
15%
24%
*53%
lif
•'
6i%
1
15%
24%
25%
24%
25/8
34
34
*32%
33%
8
7%
8%
.
*321%
8
8%
7%
*41
42
*41
;
7%
7%
*43
44
*43
QS
95
95
95
28
*27
rf
4
4%
35%
6%
1-.200
400
.
4
39%
38%
Callahan
147
45
46
44%
*27*
t
35%
35%
35%
39
147
147
45
45
36
147
44%
45'A '■'45%
45%
^
45%
Mills————zNo
Administration
class
35%
35%
35%
*1031/4 104
104
104
*103%
104
124%
*124
124%
124
124%
*123%
125
*113
113%
112
112%
*112
113
11%
11%
11%
11%
11%
17
17
16%
17
17
17
20%
201/8
20%
20
$3 preferred A_.
480 ,/
Carolina
20
2%
2%
2%
2%
*106
*107
108 %
'
20%
2%
*107
108%
20
1,100
;
28,800 A"
40
45%
1,800
17
Ohio
-•
107-
108
9%
*9%
9%
9%
9%
/
*21%
22%
22%
22/8
22%
22%
22%
23%
9%
7
7
7
23
115
*108
115
37
*108
37
37
36%
5
5.V
36%
4%
59%
4%
4%
59%
*17%
17%
17%
24
241/4
*23 %
115
■
*108
37
5
35%
'
;-
20
107%
5
60%
60
'.V.
*17
20
20%
-
17%
20%
107%- --107%
24
45
6
*23%
45%
44%
5%:
5%
5%
24%
2%
2%
23
*
115
>
5%'
*4%
'
.
l'AMar
17%
Ry
8
9% May 10
116% May 10
;
AL0% Apr
1
18% July 16
29y.tApr
5
35% July 19
Nov
5
8
31 Va Jun
I09V4Oct
4%
4%
4%
4%
Jan.
6
:
6
6
.49
17%
17%
17%
17%
17%
17%
17%
.17%.
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
*16%
38
38
*37%
16%
16%
16%
*37%
50
48%
39
*12%
13
*12%
48%
12%
*15
16
15%
15%
1%
1%
1%
1%
*48%
*15
50
13
i:<"
48
16%
16%
39
5% Apr
18lAJuly
5
19
No par
11%
6
2%
Apr
3%
Dec
47%
Jun
85%
Dec
5%
Sep
Sep
7%
Oct
15% Mar
11%
16% May
25
Oct
19% May
14% May
26%
Nov
20%
Dec
7
2
6% Jan
2% Jan
40
.Sep
18
Jan
4%
Sep
19%
Feb
2 Va.
1
r
1,200
16%
70
10%
Nov
Dec
95
Jan
Jan
17
Deo
Jan
22%
Dec
Apr
53 %
Nov
%
Jun
1%
Jan
7%
Nov
Mar 27
9% Apr
7
5%
Jun
19% Apr
7
11%
Jan
27% Dec
16
23
9
38
Mar 31
11% May
*»:
7
47% July 2f
46% July 22
9714 Aug 31
Jan
9% Apr
25•
7
6
31% May 29
5% Apr
6
39% Dec 20
147
9Va Apr
27%
Dec
3%
16% Nov
15%
Jan
29% May
.1%
33
32
37%
Feb
2 %
Dec
29%
Dec
97%
Dec
120%
Jan
-Apr
97%
Dec
Aug
8%
Dec
23%
Jan
2%
Nov
.
:
2,300
4%
2,500
16%
Class
1,300
16%
38
48%
:
/
600,.
•
200
■
A
13%
*12%
13% '
*12%. '13%
100
Chicago Yellow Cab
15%
*14%
15%
*14%
15%
*14%
15%
100
Chickasha1 Cotton
1%
*li/4
1%
1%
1%
-;*i%
1%
2,000
—No par
Oil
10
Co——1—
$Childs
No
par
7
16
Apr
2
23% Jun
7
11
7
Mar. 19
8'ANov
1
2
8
Nov^
Jan
Jan- 8
Jan 13
115
29
5/
.
Sep
41
Apr
/ 7% Jun
July
104
35
Dec
Oct
Apr
3%
Nov
72% Oct 29
23%
Jan
32"%
Deo
19
Jan
19% Apr
July
24
109
34
Dec
6
8
13
15%
Sep,
14%
Jun
83
Apr
18%
Oct
100% Nov
1 July 22
5%
Apr
9%
Oct
27%
Apr
36%
Jan
May 12
15% Jan
6
36% Nov 24
Dec 22
11% Jan 12
Apr
30
13% Jan;
18
Jun
10
7
Oct
Jan
3% Nov
'Jan
7%
21%
16%
22
41%
54
15%
Dec
Jan
1%
17% May 13
4
Apr
18
82
50
July 23
9% May 11
48
2%
3%
27
7
4
Jun
:
110
8
2
Jan
Jan
Dec
4
2
2% Jan. 6
10% Jan
4
1%
130
21
Jan
Jan
1
6%
Mar
7% Jan
r.
-
77
% May
3% Mar 12
111
14
6
110
1
18
40
pf ($2.50) cum diV—No par
*121/4
t
5
July 16
90
16%
—No .par
—
27
Aug 27
18% Jun
5
99%
8%
33%
2%
Chicago Great West RR Co
50
5 7o
preferred—
——
50
Chicago Mail Order Co———5
Chicago Pneumat Tool
-~No par "
$3 conv preferred
No par
Pr
180
„
21
23% Jun
32'% Jan
»
—No par
Chic & East 111 RR Co
15
82
14% Apr
Jan
3% Nov
Apr
Apr
25
July 22
128% Sep 14
40% Jun
Jan "4
Jan
28% Nov
42%
108
.
—
,
17%
——100
Jan
May
Jan
120'% Sep
3
89
22 % July
Apr
Apr
2
98
Dec
Apr
77
38%
30
1
x33'
Feb
4% Nov
Apr
117
16% Nov 26
16% Jan 12
l%Jan
2
97% Jan
4
■:.;•
Nov
22
Dec
8/4 Jan
par
—-1
Dec
/ Aug
7%
54% July 19
Nov 30
96VaFeb
preferred
100
Checker Cab Mfg—
5
Chesapeake & Ohio Ry——25
5,100
4%
16%
.'119
6%
;
7,700
16%
38
Feb
16%
26% Jan
7
95% Jan 26
Champion Pap & Fib Co——No par
3,200
/
17%
*46%:
Oct
6%
50%
40
par
—100
—
Products-.
Chain Belt Co—
1,400
^
•
24%
21% July
3% Jan
10
1
Jan
de Pasco Copper—No
Oct
Feb
Nov
69 %
l%Mar
3
67c prior preferred
700
•
;.
39
3%
56
Jan
Preferred
570
6
48%
Apr
6 % Mar
~9%.
44
30% July 13
2
———:
Cerro
44%
*371%
No
Jan
7
12
Certain-teed
"11%
*46%
35
24*
Jan
1,400
26%
5%
10% Nov
9"
Jan
3
13
2,300
17
11%
Corp.———.
13
1%
Jan
7
83% Apr
6
25% May 20
Century Ribbon Mills——No par
10
:
21%
48%
■
16
Oct
10% July 15
29% Nov
1
20% Jan/ 2
27/a Jan- 2
9% Jan
7
6% May /4
75
May 3
127% Jan "21
100
of Amer„
.No par
prior preferred—100
series
5%
108
441/2
•.■
4%
17%
39
1 %
26
15% Jun
4
.7
40
—.
35%
60
21%
'■;
16%
,
-
*107%
.
;5% ' '•
17%
*37%
Jan
Apr
Apr
1
54'A Aug 17
2
16
—
Central Violeta Sugar Co
i
100
108
!
25
4%
4%:
.5
Nov: 30
32% Dec
Co_
Jan
%
Oct
•
8
Steel
3,500
10
23%
17
21%:
107%
45
11%
l
36% Jan 21
^hVz Jan
2
5%
1,000
7'A
60
60%
*4%
"■16%
;
6%
35%
5
25
5%
*■
Nov
43
Jan
6% Feb
7% prior preferred.
———100
2d preferred———100
2,700
'
9
108
36
44 %
45%
35%
Apr
A Apr
Jan
29% Jan
preferred, ——i
20
Central Aguirre Assoc———No par
Central■ Foundry Co
,
—1
Central 111 Lt 4%% preferred—100
tCent RR of New Jersey—2100
108%
7%
24%
.11%
Jan
2
6% Dec'15
par
1,500
20%
8%
•
23%
4%
11%
26
30
jg Mar
xl3% Nov 30
13% Jan'13
77o
1,010
*1071/2
2%
4 %
*48
17
20%
9%
12%
121/a
July 14
44
8
Celotex
'
107
11%
11%
Nov
112%
3% Jan
■
1,500
:
'
24
12%
12
60%
108
45%
5%
6%
6
5
17%
*19%
24%
44%
45%
45
36
5
*6%
7%
*108
36%
*107%
108
*6%
61
17%
19%
7%
115
60
17%
19%
*107%
108
*108 /
60%
60
19"%
19%
*107%
*6%
Nov
21%
X103 %. Mar
x85
Jan
25% Jan
5%
130
111/4
*16%
'
*6%
9%
Jan
118% July 27-
% Jan
Celanese Corp
'
9%
Jun
J.5%
8%
100
5
'■
90;
112
11%
•
20%
2%.
2%
*107
9%
Sep
7%
7
14%
Carriers & General Corp——1
Case (J I) Co new25
Caterpillar Tractor
70
125
112
17
20%
104
*123%
11%'
9%
20%
5
22% Jan
A__l
Preferred-
3,400
36%
35%
112%
11%
201/4
2%
2%
108%
*112
17
*16%
May
12
52% Jun
i———-10
Clinch &
Carpenter
4/
38%
'103
'
Hi/4
11
'
'•••
125
'
104
*123%
112%.
112%
11%
361/4'
*103%
-
*15
Nov
'
*35%
35%
104
Oct
44% May 21
'
*102%
Dec
31% Nov
'
'
*123%
Mar
Dec
16
Co——100
Capital
147
.
;
Ry———„25
Cannon
281%
.
*145
,
Ry
Pacific
25
7
1
lj.
1,100 a1
'
95%
37%
37%
147
147
147
Southern
Canadian
—
100
*27
4
Zinc-Lead
45
4,
65% Nov
—
Packing——No par
preferred—50
Canada
44
95'%'
*4%
37%
38%
37%
40
^%
*43' "
28
"4%
4,700
20,600 /
*7
'
•
95%
*27
4'/a
•
34
1,400
*42
•'
7%
44
95%
28%
4%
•
■
95%
38
45%
*145
-7
25%
1
Calutnet & Hecla Cons Copper
5
Campbell W & C Fdy
_No par
Canada Dry Ginger Ale-—5
5,500
:
V 8%
" '.
43
*41%
15%
34
%;.J
8%
*43-
,
95
4
34
6%
15 %
25
25%
8%
7%
95%
*145
*145
25
42
6%
*
-—5"
California
5 7c
t«
Dec
3%
28% July
9% Apr
5y4Jan
No,par.
Participating preferred—
100
Byron Jackson CoL.~—Nq par
;
22%
28%
42'A July 23
20/i July 10
10V« May .'6
21%.Jan
—10
2,500 v
:
ia-}3
Jan
18% Jun
41:
—-30
2.700
24%
-
•
Jan
17%
.12% Apr
30% Jun
8
13
2% Jan
preferred—100
1,300;
7
4
24% Jan.. 6
20/'2 Jan
2
105
May/ 1
9JA Jan
4
.———100
Zinc
Feb
40%
,
l
eVz Nov 30
1
—_—1
Copper &
Byers Co (A M)
55 %
'•
■
15%
.
*321/2
8%
v. 44 '
24%
*53%
:
6%:
6%
15%
28%
"27
4
24%
14% Nov
Jun
95%
2
16'
100
preferred
conv
Butte
140
20%
22
8
14'A Jan,
par
Nonpar
—1
—;
preferred —;
5%
.
700;'
68
38% Dec
19% Jan
,1/4
Dec
8
43
par
—
Butler Bros
i-
2,100
13%
■
—
Terminal.
Bush Term Bldg 7%
470
■
3
;
20%
.55%
3/4
% ■;
15%
34
*7%
*43
.
24%
251/4
42
7%
44
95%
28%
x3%
38%
*43
♦
25
42
7%
44
v. *26%
"■■■;;
8%
*12%
.21%
6%
6'/a
35
•
40
28
i 68
''.
*53%
.
':;v
10
15%
25%
:/
24%
,1.1
-.
6%
15%
...
21
55%;'
1 a
8
V
68
21/8
24%
55%
*32
7%
"■*:■: 3
13%
*67%
'
'21%
•;.%
15%
25%
21%
24%
61/2
15%
42
3%
*12%
■
39%
39%
'*27
preferred
Bush
56%
t
.,': 8 %
8%
27%
•
*3
3
13%
;. 68
68
*53%
,
%
15%
71/4
■
1,000
:
16
3
Jan
76JA Jan
Burroughs Adding Mach_—No/par
11,600
'3%
"
21
%
*4C%
*55
.
'
24%
;
39%
'
40
40
27%
12%
3%
57
■
5%
109
12
.
3%
i
*55
8%
*3
%/
*53%
.
■
*106%
\
12
'
'■■■3%
■
27'%
8% '
27%
68%
13%
68
20%
20%
56%
39%
39%
*27
3%
13%
"/
56%
109
11%
3%
'
68%
13%
681/4
3%
58%
8%
...
.
*106%
12%
12
4:. '
39%
8%
27%
109
*106%
12%
*56%
40%
8%
3%
13%
*67
56%
27%
27%
*26%
109
*3%
>
July 14
6'A Apr .3
Jan
43
104% Jan; 12
,
——1
«—No
—
'
27%
*106%
v
■
Apr
13% May
18% Mar
Dec
21%
6% Jan
—.No par
Wheel
75
9Ve Jan,
5
—-1
Jan
July
May
May
May
13 %
Jan
29% Jan
13"
Jan,
,
—No par
preferred———-100
7%
:
Co—,
16%
r
17
30
39
9
% Oct. 27.
,
preferred—
(E G) Mfg
Budd
.-80
7%
I
Jan
12
30%
Oct
2
Jan
Apr
,
72
15
8V2 Nov.
20% Jan.
Jan
Jan
25
July 15
Deo
14%
6
Dec
Jan
11% Jun
5
58
51
Jan
29
19%
7%
July 24
35
13
66%
121
Apr
Sep
8
2
2% Jan.
54
Sep
24% Jan
8% Dec
;
July
Apr
14%
8
Jan,
22% Jan
par
—-_No, par
—No par
6
96JAJuly29
9
33
Jan 16
37% Jan;
7
—No
Brown Shoe Co_
4,700
•
Nov.
15% Nov
,49% May
105
21
56% May
$ per share
Apr
Dec
8%
18%
21% Mar 30
13
.17%
,.
24
Jun
100
9
26% Jan
.
—5 :
Bristol-Myers CO————
5
?Brooklyn & Queens Tr——No par
fBklyn-Manh Transitpar
Brooklyn Union Gas—2—No,par
Eucyrrus-Erie
180
19
Dec
17
—2.50
Bruns-Balke-Collender
■:
Jan
20
5,000
6
S7%
•1
19y» July 14
•
38% Jan:
RR
1,900
.
5
.
5,000 ;'
39
38%
,
17
Briggs & Stratton—
300
«
15
11 % Jun
11% Nov
!
500 /
1
i!
14%
16%
*16%'
33
*.%■.
2
85
i
'
14%
39
,,/i *98
100
/47%
48%
100
.
hi
.
Brewing Corp. of America
15
Bridgeport Brass Co——2—No,.par
Brlggs Manufacturing—.—No par
;
2,900
42/8
hi
19% Mar
28% Jan
'
48
7%
hi
%
16%
117
4,400
,
39
*41%
*
100
9
4
Braniff Airways Inc—
400
2,700
27%
Jan.
41 v8 Jan
—1
:>i
6
40
12iy3 July 20
11% Nov. 29
15
Corp
Maine
3
69% Apr
.
9% May
46 % Mar
27
8
(assented)-100
Bower Roller Bearing Col——5
•'
*
16%
*115%
8%'
14%
*38%
Boston
:
12%
*38
42%
Borg-Wamer
„
&
—i_,
Nov 30
Nov
4
76
<
par
(The)
t
1,100
39
27
.
Co
28
9% Jan 26
.——No, par
Inc-
Stores
Borden
3,100
*40% "43'A
■
•
39
42
IS
9 '
'
27%
•
*38
hi
*%
14%.
39
i
8%
115%
99
*47%'
%
16%
,
39
.42
•'.*.%:.
15%
*38V2
16%
6
*38
27
Class B>_„
Bond
4,100
-
3
12%
>.
-431/4
8% r
■'
35%
"
,"■;■ *37%
.:
.
28%
3
,.
12%
*401%
9
26%
*41%
hi
' %
8%
6%
*96%
39
41%
■
14%
•■',.
15%
39
16
117
V:/; 5.%
*38
.IS
.
8%
26%
,■'.
35
,
391/4
12%.
*34
28%
3
*37%
^
43
9%
27%
27
*41%
14%
43
43%
9,
26%
*38
;*%
34% V 34%
'"''.-3
t.
38%
12%
12%.
:
■'•
1 /
29
.
Jun
13 Va Jan
_5
■
i-
July
17
'6% Jan
.5
Brass
38
16
.
par.
—
7
5
27% Jan
——5
Airplane Co
57
22% Jan
8'% Jans
Highest
I per share
20
110% Jan
<
Bloomingdale Brothers___„_No par
Blumenthal & Co preferred
-100
12,900
,-.■
1—No
17% Sep
54
t
Mfg Co——No par
Co—
Bliss & Laughlin Inc.—
95
",13
•,
Black & Decker
100
15%
*16
...
■■'"12%'•'■ 13%
90
*88%
16%
,
1,000
7%
7%
A
pat
—A—1
(Del)—par
7 % preferred!
-100
Bigeiow-Sanf Carp Inc.—
No, pat
300 .'
1,200
f per share
54% Feb. 23
-A-No
1
FoOds
Year 1942
Lowest
13% Mar 17
par
Bethlehem Steel
10,700
■
16%
1
'
14% '15%
*92
12%
44
& 'Co___„
Best
'
7% v
*16
15%
*15%
*14%
16
*14%
*91"''
55%
v
No
$ per share
pfd $2.50 dlv series '38_Na par
Best
3,500
.
'
*15%
•
900
16 %
16%
*
7%
.
Pr
34%
.7
.
39%
39%
16%
7%
16%
161/8
-8
Beneficial Indus Loan
1,600
16
'
16%
Par
57
34
'
"
55% V56%
•
Shares
16%
;
Range Since January 1
Lowest
Highest
•
:
'
16
I
,>
40
*38%
EXCHANGE
16%
.
*33;% •' ,341/4
56%
.
115%
*38.1/4
16
»tt.
.
Range for Previous
NEW YORK STOCK
the Week
$ per share
,16%'.:
16%
•
33
Sales for
Dec. 24
Dec. Ti
Dec. 'i'i
16
*
STOCKS
Friday
Thursday
Wednesday
share
16.
PRICES
SALE
Dec. 21
$
16%
:55.%-
HIGH
Tuesday
Dec. 20
$ per share
*16 %
AND
Monday,
Dec. 18
2587
Jun
2
Dec
10
Apr
:0
% Apr
2% Jun
1%
Jun
2%
8% Jun
13%
4 Ye
12
Jan
Jan
Sep
7% Nov
Aug
17%
Apr
July
39%
52
Jan
8%
Jan
11%
Nov
11%
Jun
13%
Feb
2%
May 20
33
May 27
47
3% May
2% Dec
8% Nov
,
4
1
Dec
8
20
May
Jan
Jan
Feb
1
:'s
*27%
;
27%
801/4
*27
28
*27
»
81%
80%
81
14%
14%
14%
14%
103%
103%
103%
103%
*58%
59%
59%
.
80%
27%
81%
14%
14%
■*103%
104%
"
61%
60
60%
*6%
6%
*61/2
6%
*6%
6%
*34%
36%
34%
351/4
150'
*34%
35%
*140
150
*140
*72%
76
*73
76
*1131%
114
114
114
40
40
40
*105
106
106'
*92
93
*91 '
*52
54
34%
34%
148
*121/4
m
*140
40
40%
*141
*6%
*73
114%
40%
40%
*141
75
*73
114%
40%
106
106
*106
107
*92
93
*92
93
*52
54
*52
,54
'
■
*113
*40%
*106
-*91%
*52
415A
107
34%
34%
34%
34%
34%
34%
35
34%
34%
24%
114%
.
64%
24
104%
24%
114
16
16%
113%
63%
113%
6311/8
*145
148
114
114
*62%
23%
23%
23%
*104%
105%
104%
25
25
*111
114
15%
15%
25%
*111
25%
114
*15%
15%
11%
11%
12%
11%
12%
11%
1-1%
11%
12
11%
12
11%
11%
24%
11%
11%
'
footnotes
113%
*62%
23%
11%
11%
*144
64
105 "
23 %
'
104%
24%
*111
20
5,100
3,100
*113%
114
f 700
64
62%
62%
220
23%
23%
23%
3,300
104 %
104%
130
25
114
11%
12
12
251/2.
2,100
115
16
11%
25%
*111
11%
*12
11%
310
121%
1,150
*11%
12
25%
24%
24%
25%
25%
25%
25%
*25 y2
25%
*24%
25%
25%
25 %
25.1/4
25%
25%
25%
7c
Clev
preferred—/
370
3,900
1,900
100
.100
1—
par
(The)——_'l
100
gtd—,-50
Special gtd 4 7o stock———50
Climax Molybdenum———No par
Cluett Peabody & Co_
—No par
5%
Graph Bronze Co
preferredPitts RR Co
71o
!
Preferred
Coca-Cola Co
Class
"(The)—
A—
$4.25
No
-No par
Collins & Aikman
^Colorado & Southern
4 7o
No par
100
preferred
Colo Fuel & Iron Corp
par
—No par
preferred——
conv
.100
No par
-
Colgate-Palmolive-Peet
5 7c
2,100
11%
Louis Ry. Co
Clev El Ilium $4.50 pfd_i—No
Clev &
113%
24%
600
10
25%
page 2595.
50
148
15%
*11%
5
,
*140
105
Equipment
C. C. C. & St.
148
25
see
No par
100
100
—5
No par
.•
Clark
54
35%
148
——
,
6%%
City Stores
93
34%
-
Corp
City Ice & Fuel
200
75
114%
34%
*145
Chrysler
860
150
25
5
Copper Co
400
6%
35%
148
Chile
preferred——_—
City Investing Co—
80
35
34%
■
1,000
,
60%
35
150
54
1' *52
60%
7
93
12%
*24%
61
35%
106
13
24%
*34%
76
11%
24%
*6%
11,600
V
'
150
11%
11 %
60
61/2
35
114
'
For
60%
20
14%
104
34%
*111
16%
*11%
6%
35
104
34%
23%
24%
16
60
'•81%
*14%
35
104%
114
*111
54
*63'/a
24
105%
*24
104%
*73
*92
81
•
14%
104%
*113
.
80%
*14%
104%
76
40
•.
80%
14%
*103'%
26
35%
114%
641/4
23%
■
26
34%
*145
114%
*63 %
*104%
81
27
14%
•
114
',*105%
93
27
34%
.
148
114%
.
80%
27%
*113
106
■
150
*27
.-*73
.
40%
*52
34%
34%
,
*140
:
'A
—No par
100
preferred—100
47c non-cum 2nd preferred—100
Columbia Br'd Sys Inc cl A
2.50
non-cum
Class B—
1st
—
2.50
24% Jan 30
67% Jan
7
10% Jan
2
96% Jan
4
' 27
Feb 10
2% Jan 13
32% Nov 30
123
Mar 17
67
Feb
2
109% Jan
4
28% Jan 22
101% Jan
7
84
Jan 23
50
Feb
6
33% Nov 18
33/4 Jan 12
32% Apr
85% July 15
15% Aug 18
106
61% Dec
20
8 %Jun
25
Dec
Jan
Jan
Nov
2% Jan
3'A Jan
3
Jan
15% Jan
15% Jan
11
6
4
7
8
2
10% Aug
32
Oct
2%
Mar
11
120
Dec
74% Jun
7
116% Aug 10
40% Dec
108
23
Sep 22
67% Apr
107%
22
Jun
May
95% May
99
Dec
34
Aug
Apr
3
Jun
39% Nov
125
Dec
72
Mar
112% NOV
31%
102
Dec
Deo
92% Sep
77% May
84% Mar
54
29
Sep 13
47
May
50
48% Mar 30
32% Apr
25% Apr
44
40
Jan
4
62% Dec 24
16% Jan
70%
Jan
May
Dec
123
xl03%
17%
108
13%
Jan
9
Jun
145
Jan
92
28
153
88
43%
7
39% July
May 13
142
Sep 27
25
July 20
Sep 21
July 14
,68% Oct
25
Dec
18
8
109% July 17
28% July 15
114% Oct
6
19% July 14
19
Sep 25
19% Sep 25
17% Sep 25
139
36%
Jan
Jan
Jan
Jan
149
Nov
56% Mar
92
Nov
55%
Jan
11 % Mar
97%
Apr
10% May
96
May
13% May
%
1
Apr
May
63%
Jan
17%
NOV
107%
18%
108
18%
Dec
Oct
Deo
Jan
4%
Sep
5% Sep
2
2
6
25% Dec
22
8%
Apr
16%
Dec
2
25 % Dec
22
8% Apr
16%
DJ4
% July
5
Sep
THE COMMERCIAL & FINANCIAL CHRONICLE
12583
NEW YORK STOCK
LOW
Dec. 21
$
I per share
Vv
ver
4 %
4%
76 %
76%
70
71
x88Va
42%
90
*89 V4
90
*89
90
90
90
i
*16 VB
16%
16%
16%
16%
16%
*39
16%
39%
39 Vb
39 Vb
39
39
39%
39%
400
38 %
38
38%
37%
38
37%
37%
37%
37%
4,600
*105
106%
42%
14%
\l
80%
41%
14%
14%
14%
u
%
*105
80
42
42%
■'
16'/a
U
%
U
%
14
%
80%
80 Vb
81
81
81%
*80%
81%
24%
24%
24 Va
24%
24%
24%
24'/a
24%
22%
22%
22%
21%
106%
*105%
106%
3%
3%
3%
*105
3%
,
102%
3
3
22%
21%
*21
106%
*106
106'%
*106
3%
3%
■
21%
21%
102%
102%
3
3
3%
17%
17%
17%
7
7
7
7
■
7 '
26%
•25%
10%
11
10%
11
11 Vb
11%
UVs
■v
11%
18%
18%
18%
19 Va
18%
19
18%
19%
187/B
18%
11%
12 Va
12%
12%
12%
12%
13
13
12%
13
15%
15%
15%
16%
16
16
16
17%
10%
10%
18%
18%
11
11%
15 Va
101%
102 >/4
101 y4
101%
*101%
102%
*101"%
102%
*101%
102%
20%
*197/b
20%
20%
20%
8%
8%
8%
8%
8%
1,700
10.6,;.; 106%
*105%
107%
*105%
107%
300
33%
4,600
8%
8
106
At''
■
VsC35%
35%
34%
11%
11%
11%
46%
:v::4C%
46%
4%
4%
'
4%
15%
15%
46
46
46
45%
54%
*1%
4%
1%
1%
■
18%
18%
18%
20%
21
*20%
54%
.
31
30%
30%
25
24
24
11%
11%
11%
4%
>.
*50%
*45%
46
55
54%
,
51
21
*20%
1,900
45%
45 %
46%
*45%
45%
330
55%
55%
176%
176%
4%
4%
1%
2
55
176%
176%
5
5
2
2
19 %
19%
19%
105%
105%
105%
106
%
*20%
21%
20%
20%
19
21
17%
17%
17%
17 Vb
17%
17
28%
28
28%
28 Vb
28%
27%
46
*45%
46 Vb
45%
45%
15%
15%
15%
15%
15%
98
98
98
28%
28%
*67%
68%
'■*67.
17%
■
17%
17%.
11%
11%
11 %.
*113%. 118%
*22%
*
24 %
24%
23
*22 %
24
•,
67%
*67%
20
20%
21%
11%
6%
6
110
*102
*22%
24
5%
43
Va
5%
15%
125
*r>9
*110
*130
150
-
12%
'12%
.
*114
106
106
*100%
106
23%
23
23
*22%
.
23%
23%
'5%
106
106
43
42
a
•
5%
5%
5%
5%
15%
15%
15%
15%
:
5%
-
'
.
5%
16%(i.
5%
16 Vb
*110
117
*110
117
*110
117
150
*130
150
*130
150
*130
22
22%
*6
6%
21%
.
6%
21%,
22%
6%.
22
7
—I
:
.
.
);.
■
,.
"■
2% May
4%. NOV
Jan
Dec
42 %
—„——5
37
%
•
4
Apr
14%
Dec
Jun
98%
Nov
12%
19
23% Mar 12
Jan
16%
Dec
31
Oct
27
Oct
2
11% Jan
4
17
Oct
26
10
Apr
12 Vb
Sep
81% Jan
2
99% Aug
6
77
May
88%
Jan
27% Dec
14
38
23% May
39%
Nov
Nov
30
63
-
23 Vb
5% May
July 15
9%
Dec
14% May
20 Va
NOV
32
July 27
41
Mar
Jan
84
Nov
7
82% July 20
22% Aug 11
Jun
9 % Jan
8%
Jun
13%
Jan
7% Jan
9
14% Jun
11
5
Jun
9
Jan
Feb
1
115% Dec
14
88
Jun
140
Jun
92% Mar 20
106% Jun
10
74%
Jan
95%
25% Oct
26% Jun
26
8% May
13 %
x66
*
.
..
105
10% Jan
4
18
Jan
8
100
Jan
8
1% Jan
No par
30% Jan
2
No
-•w
10%
85
108% Aug
47
Tiar
17
Jan
2
,__No
<Thei—.
22% July 14
Nov
6
.——100
pur
5% Dec
'"I
2
,
10
,
107
Oct
Jan
13
> Mar
19
90
Feb
100
Dec
Jan
2
Oct
S3
7% May 10
110
Dec,
10
Dec
24
13% May
45% Sep
9 Va Apr
17
12
19%
32% NOV
20% Oct
Jun
5% May
8
24 V2 Mtar 29
Sep
9 Vb
Jan
18
Jun
25%
-100
*96
Feb
26
119% Nov
8
80
Jan
95
Oct
No par
84
Feb
10
140% Oct
28
44
Jan
81
Nov
,15% Jan
4
26% Jud
29
12%
Jun
18
Oct
3% Jan
5
7% Oct
4
Dec
A———
Cushman's Sons Inc 7f<
pfd
.
$8 preferied——.
—No
Cutler-Hammer Inc.
2,900
5
%
15
—
preferred—.—.
preferred——.
Curtiss-Wrlgbt
Class
2
Jan
Oct
Nov
12
-
Prior
32,900
Apr
3%
Jan
—,100
$7
y;
1.800
S3
179
Jan
30
Co—
Inc—-.——<5
Curtis Pub Co
2% May 22
9
100
preferred
2
Dec
58
Apr
Apr
May
18%
10
preferred
Press
2 Va
159
37% Jan
—
Sugar-
Packing
May 17
16% Jan
100
preferred——_.
6%
preferred-%———,100.
preterred.
6
14% Jan
RU
conv
2
95
•
No par
—
8
par
——No
Aiuet-.
61 Vb May 21
186% Sep
2
Dec
par
5
Corp.
preferred—
7
U Jan
i.No par
preferred—. .^~~.No
Steel ol
20
Apr
2% Jan
Seal———No par
Zelierbach
47
Jan
173
.—,
conv
45
17% Aug 20
53% Jan
Products
&
Jan
13% Dec
Co.——20
Trust
Inc
7%
■
21%
21%
Jan
Dec
37%
Cuneo
..y
150
Dec
8%
Apr
11,300
117
Vb Jan
4
28%
%2%
.
23%
Bank
Exch
Cudahy
12,400
16%
*110
21%' '
.
200
42%
5%
■
Apr
Jan
4%%
110
108
Apr
Sep
51%
5
100
?
5%
30%
Mar
Cuban-American
2,200
5%
28
49% Sep 2C
7% May
6
Aug 24
105
*42
42
42
5%
,
-
107%
107%
42
15%
■«
6
5%
5%
*101
106
*102
106
4
15% Jun
53
5%*4
23%
36% Jun
Jan
7
40% Jan
45
.
-
21 Vb
26 % Jan
.—20
—$2.50
Oct
Dec
103 Va Jan
,
Dec
'■•i/i
23%
Apr
Nov
■Cuba
118%
*103
21,700
77
Jan
12%
Cmcibte
2,000
<y
24
5
27%
800
118 %
23%
6
69
*114
115
41%
12%
12%
23%
*102
:
614
21%
21%
21
21%
12 Va
*68%
*130
125
150
*110
5%
15%
5
5%
15%
106
*106
'<•
21 Vb
*22%
24
6Vb
21%
23 Vb
24%
115 ;
43-
43
43
15%
5%
-*105"
*102%
*23%
*102
68%,-
21%
110% Sep
16%
21 %
$5
2,700
68
5
Jan
96%
Apr
Crown
■
21%
May
11% July
2 % Apr
Apr
60
68
82
1
2
-
Api
$2.25
2,000
28%
28%
25
11% Jun
8%
700
28%
Oct
23% Jun
7
Nov
17
Cruwn Cork
28
107
6
96
Fibre——,5
Crosley Corp (The).
118%
*114
106
*100
24%
'
•■
12 %
12%"
118%
*114
105%
*102
.106
102
67
106
*100
106
*102
27%
18%
..."
6
Jan
Jan
9
Jan
50%
1,500
,■
Jan
16
x4% Jan
8%
4%
2
2,100
99
89
3% July
Aug 11
5
16%.
15%
Oct
Apr
28
*98
99
*98%
28
68
11%
16
99
28%
■
*15%
3
15
300
15%
16
28
390
45%
Jan
37% July 15
20%"
45%
45 %
*98
99
28%
118%
*114
15%
*45 Va
1%
27% July
16%
45%
*45
Jan
24
Del
28
28%
28%
■r
47 V, Dec
Refining.—25
——————100
——1
Internat Cotp—1
.jCrane''.'Co———————25
5% conv preferred—
-100
Cream of Wheat Corp (The)——2
5,500
•
106
*20%
17
28%
*98
24
Preferred
2,400
19%
19
105%
*17%
*97"
1%
Nov
9
13% Jan
Coty
Coty
2,000
.
%
Apr
25 % Jan
Corn
120
4%
Jan
Jun
x9% Jan
Corn
2,500
■:
177 VB
*4%
1%
,
105%
28
15%
55%
55%
*176
.
%
Corp——-No par
of
Oil
Continental Steel
340
51
*50%
94
Copperweld Steel Co_
i,
5
Conv pref 5%
series——50
Cornell-Ducilier Electric Corp—1
2,500
15%
17%
«45i/2
Continental
300
11
15%
28
;
8,700
24%
15%
1G%
.
31
11
15%
5
19 Vb
19
105%
30%
*23%
51
*50%
,
Continental
16
16
16%
2
2
1%
19
10%
176 Va
*175
4%
105
105
105%
*105
54%
176%
175
4%
4%
30%
*23%
7,400
16%. Nov
7
24
50
33% Jan
Motors—
51
*15%
54%
45%
51
11
16
17% Dec
Insurance-
11%
16
176 Va
Can
Diamond
5
,
27% Mar 30
11
Inc——
Continental
Continental
Continental
8
10:
16
——100
1,100
4%
July 24
Jan
8%. preferred—
1,600
5
4
7
pfd—No par
11 Vb
24
50%
54%
$4.50
46%
4%
83
4% Jan
Baking Co—_—No par
10%
5
105
17% Nov 29
.—10
—„—
46%
4%
Jan
2
7
pfd—,100
—,--25
6 %
11
45%
Feb
7%
,
.1
46%
5
07%
Sep
11% Apr
78
Apr
,
24% July 15
•
27
Cuba
Pow
Dec
Apr
109Sep
6% Apr
Sep
2% Feb
Corp of America——20
Continental
Dec
12%
29% Oct
10%
31 Vb
11
176%
Container
Jan
18%
21% Mar 29
34%
11
50%
15%
Consumers
3%
Apr
9% Aug
18
46%
24
10%
*45%
110
Jun
12%
29
preferred
900
1%
5
9 Vb Nov
VB
31
51
10%
*50
$2.50
100
Jan
23
24 Vb Nov
————
of
RR
23%
12
15
11
25
*24
■\
25
4%
5
5
Jan
Apr
Jun
—1
35
33%
5
44 »/a
17%
3% May 12
11
46
46
46%
15 Vb Jan
91% Jan
21 Va July
19% May 12
34%
34%
7
Jan
Jun
11
34%
31%
31
31%
31%
*24
'
*11
6
41
24% Nov
11
11 Vb
34 V,
35%
riell%
••
106%
*105
106
Jan
3% Dec
Dec
10%. Oct
25
;
.
% Jan
Consoi
101%
106%
SO
34
11
7
2
7% Jan
Consolidation Coal Co
47%
8
13
1
4,600
47%
*105
2% Jan
17% Jan
10
No par
Corp——"—5
Laundries
Preferred
May 10
Oct
105% Nov
7% May
aV Jun
July 20
Vultee Aircraft
'
1 Va
Dec
Natural Gas wd
47%
r-..
Jan
27.
10'A Jan.
2% Nov
Apr
20%
82,
Industries—;.
Film
3,000
20
91 '/a
1
July 14
2
Consolidated
*46%
20
20
16
2
Consolidated
47%
8
107% Sep
44 % Jun
■
36% Jan
'
8
7
21 Vb Jan
partlc preferred—,
Consoi
3,700
3,500
t
Jun
25
15,500
,
44
Sep
5'/a
July 9
No par
32,100
'
*46%
8
preferred—-
Invest Trust
Consolidated Cigar—
$2
47%
*20
Dec
$6 preferred .series——;
Consoi
*46%
8Vb
29 %
Commonwealth Edison Co.
2,700
47%
20
Jan
41
2
*46%
20
Oct
16 Va
———_10
3#a Jan
47%
19%
35
Commonwealth & Southern—No par
*46%
19%
Jan
30% Jan 11
25% Jan 14
2
15%
101
24
1
19% July 14
15
15 Vi
»■
11%
7
19
'
15
Dec
Jan
Jan
9
—No, par
9% Jan
1,800
;
26%
11 Vb
11
-
84%
29% Jan
15,400
-
-
:
26%
Mar
Congoleum-Nalrn Inc——.^No, par
——No par
6% %; prior preferred-^—__100
.Consoi Coppermmes Corp————5
Consoi Edison of N V-—No par
$5 preferred.,
No par
.7
26%
51
104 V2 Jan
8,800
26%
98% July 15
Conde Nast Pub Inc———-No par
3
6%
79% Jan. 13
,
17%
27%
27 Vb
26
Jan
par
1,200
!
6%
6%
26 Vb
Jan
45 %
i.eoo
,f."
26%
6%
6%
*6%
25%
Sep
Sep
54
29
100
8,500
22
16%
17%
30%
18
Jan.
—Nc par
'.
103
3
3
3
*16%
77% Sep
73
Oct
28
2
:
3%
21%
2
37
4 Vt %
800
106%
102%
22
102%
102%
40% Jan
.:
21%
Highest
$ per share
2
Commercial Solvents—-,—.—No par
5,600
$ per share
5% Jun
Comm'l
8,500
22 Vb
Vb
3%
3%
3%
22
22 >/8
102%
*17%
18 Vb
*106
3%
.
,
9% r
22
21'A
21%
3
9VB
*8%
22%
22%
102%
3%
17%
17%
17
"3%.
102%
102%
3
*102 "A
OO
106%
*106
22
21%
99
21%
9%
9
9%
9%
22%
22%
22%
*8%
9%
22%
22%
22 Vb
*21%
*8%
22%
:
per share
2
No
Credit
conv
1942
1% Jan
7,800
'«•
•
79%
22%
9%
14%
-
Year
100
100
Co
Pictures—
Commei cial
$
Lowest
No par
preferred—No par
$2.75
share
53,900
14%
14% t
%
Carbon
per
100
42%
14%
Par
•.
——
.Columbia
t
6,800
110%
14%
14%
Range Since January 1
Lowest
Highest
preferred series A
preferred
Columbian
;
2,200
•
41%
42
42%
100
•.
*106%
106
106
42%
14%
22%
9
71
42%
106%
*105
*69%
14%
24%
24%
24%
24%
5%
*89%
90
37%
3814
106 Va
42
80%
6%
60
71
39
-
1,200.
76 Vt
*70
39
%
76%
*75%
71%
39
80
75%
76
*70
16%
38
J,
20,800
76
Range for Previous
STOCK
Gas & Elec
Columbia
4%
71%
75%
YORK
EXCHANGE
4 Vb
4%
75%
16
*105
NEW
Shares
share
71%
'
16 Va
*38 %
4%
4%
4%
the Week
$ per
$ per share
4%T
Sales for
Dec. 24
Dec. 23
$ per share
share
Fridav
Thursday
Dec. 22
106%
*89%
91
15%
per
4%
4%
76,{>'i 76
69,i; 69%
,
$
share
RECORD
STOCKS
HIGH SALE PRICES
Wednesday
Tuesday
Dec, 20
Dec. 18
4
AND
Monday
Saturday
Monday, December 27, 1943
14% Nov 30
Jan
1
par
D
*6
6%
*6% :
12%
13%
13
10%
111%
*22%
*22%
24
*17
12%
111%
*111
22%
^
'■j
24
*17
23
*17
13%
*17
■
*22%
-39%
33%
33%:
33%
17
15%
39%
16%
16%
15%
*16%
39%
33%
*33
15%
15%
5%
6 Va
6
18%
19
18%'
15%
5%
19 Va
...
6
6
24
*17
13%
.'. 112
■. r
13%
112
112
111%
*111
■22%
22%
23
600
Decca
Records
40
40 Vt
40
40%
40
40%'
7,500
Deere
&
33%
33%
33%
33%
1,100
23
*22%
23
18%
,20
12
18%
18%
19%
19
19%
50
19 '/a
19
*39 %
40 %
*39
40%
39
13%
*39%
13%
31%
40 %
13%
32%
99 Va
*98
14%
14%
*39
13%
13%
13%
13%
31%
31%
30
31%
99%
99
99
*98
14%
*14%
14%
*
42
%
43
43%
43%
42%
42%
33%
33
33
33%
34
33%
43
33%
24
48%
23%
23%
23%
24
23%
23%
23%
24
23%
48
48%
47%
48%
47
48
47%
48
47%
9%
*11%
U%
11 Va
15 Vb
43
29 V4
129
30
129
128%
*29
128%
30
*29%
9%
9%
■*
12
*11%
9%
12
9%
*11%
13%
129%
129
128%
30
30
30
*11%
12
12
3,200
»
48'%
48%
i
7,600
1,000
*116%
122%
*116%
122
141%
140%
141
*116%
140 %
122
140%
*116%
140%
125
124%
124%
*124%
125%
*124
125 Va
*124%
126
117%
117%
117 Va
*117%
118%
*117%
118%
*118%
119%
*117%
119%
140
122
Cup
Class
h
21% Jan
.
"
30020
44
Dow Chemical CO———
^
11 vi
10%
11
11
44
11
10%
11
2,400
37%
37%
36%
36%
*36%
36%
35%
36
6 V2
6%
6 V2
6%
6%
*6%
6%
*6%
159 %
158%
158V2
159%
"163%
163%
185
40%
159%
*181
185
*181
185
41
41
41
41
40%
*17 VB
17%
17Va
17 Vb
37%
37%
37%
38V4
*17%
38
OVt...
161
*181
185
*40%
10%
183
*
183
*162
180
41%%
9%
9 VB
9%
9%
9 Vt
9%
9%
9%
'3%
3%
3%
3%
3%
*3%
3%
x3%
Feb
120
134
Jan
5
159% July 15
102% May
144
Jan
124
Dec
130
120
127
Nov
118%
Dec
4%
4%
90%
4%
89%
40%
40%
40
40 VB
*29
30%
*30
31%
*56%
58
*56%
108%
*101
8%
8 Vb
87V2
*87
58
8 Vb
*86
39
30
83%
%
Fir
2595.
8Va
'
2
151%
Dec
180
Nov
36%
Dec
15
Jan
30%
Dec
9%
Dec
13%
1% Jan
4
5% May 10
A
Feb
1%
Nov
IV4 Jan
5
6% May 20
%
Jan
1%
Nov
.—3
8% Nov 30
;
14
Mar 30 '
Jan
4%
4%
10,200
88%
88%
4,300
$7
preferred
-No par
31 % Jan
20
92
84%
900
$6
preferred
-No par
Battery- _No par
.—3
Gas
28% Jan
20
88% Nov 19
15
Apr
32%
Jan
,42% Sep 20
29
Jan
34%
Nov
19%
Apr
26%
Feb
49 Va
Dec
%
4VB
57%
8%
*86
*93%
'%
Electric
Storage
30
900
El
Natural
*55%
5 7%
100
Endicott
103%
102%
102%
120
8%
8%
8%
16,100
*39%
40
*29
30%-
*56%
57%
103%
8%
57%
8%
%
.
39%
25%
39%
1,900
87%
88
,*89%
95
4
39%
103 "
103
8%
4%
30%
39%
*29
58
103
*93%
V2
19
Sep
39'/a July
170f Mar
26^ May
II4 Oct
20%' Jan
84%
83 %
page
4
f
4%
90
%
8
! L
20 fl
85
88%
see
f"
8
,34
Dec
4% Nov
89%
90
1/2
Jun
45% July 15
Apr
V8
88
footnotes
184
'
85
89
.
2
Jan 19
Jan
108
'
88%
88
95
May 19
Apr
2V<
170
11% Feb
Am shares.
Electric Power & Light
16%
8
20
30% Jan
,
17
87/b May 28
88%
88%
941%
Ind
Sep
2
88%
88%
94%
*91
146% Jan
11% Dec
44% July
,
88
89
*86
par
30
13
85 Vb
4%
30
102
8%
3% Jan
July
89V4
39%
*56%
104
31 % Jan
Apr
111% Mar
Aug 11
121% Sep V2
Nov
_No par
Boat
Mus
1
7 !
Oct
7
10 Vb
87
4%
91
87%
&
8
115% Dec
.—5
Electric
Dec
112
.—2
Elec
16%
29
Electric
5,500
13 Vb Mar
122% Oct
Edison Bros Stores Inc
2,000
Dec
24
600
3%
Oct
134%
Jun
5,200
10
9%
3%
70%
Apr
.115 ;
18
(The)—
May
05
Apr
38
Autc-Llte
51
Jan
35
37%
*"17%
* '37%
4
May 28
2%
xl73
17%
%
38 Va
Dec
8
.—4
preferred—
cum
Dec
16%
1
.100
6%
,
26
Apr
8
Eaton Manufacturing 90,—.
60
41%
Dec
Apr
8
17
900
183
29
16%
10% Dec
9% Nov
.No
32% May
13% Apr
.—5
—
Mills
Rolling
Dec
35% Jun
—.4
Eastman Kodak Co
37%-
17
37%
9%
91
800
17%
17%
38V4
3%
4%
163%
40%
9%
85%
Eastern
41%
3%
88 VB
fiaaieiti
300
-v±X"
17%
Airlines inc
1,800
6%
Dec
Nov
9%
5
9
Eagle-Picher Lead. Co;_
37%
22%
87
11
73% May
153
9% Feb
4
Jan
5% Jan
1
—No par
100
Du P de Nemours (EI) & Co__—20
$4.50 preferred
;—,No por
Duquesne Light 5 % 1st pfd—100
7% July
,
Jan
16
No par
Duplan Corp,,
.8%
preferred,
30
122% Nov .26
—No par
International,
Nov
Jan
70
July 12
22
25% Sep
—No par
16% Mar
26
Dec
20
Apr
6% Aug
16% July 15
45
15% Jan
11
1,
18
35% Oct
34
Dresser Mfg Co——:
5,900
2
Jan
10
15
99% Dec ." 2
20
*6%
-
Aug
8
May 10
22% Feb
Dunhill
.
"140%
13
38% Feb.
No par
:
—
8
83% Jan
.—2--No par.
Co
A—
37%
11%
37
*6%
39%
17
Doehler Die Casting CO——No par
Dome Mines Ltd——^
—No par
6%
11%
37
*108
preferred-
2,800
100
12
142%
159 Va
'.
No "par
3,00
Ltd—
Corp-Seagr's
2,700
30%
125
*181
.—i
Col
Douglas Aircraft
v
130
Dixie
•
24
141.
123
i
23%
126
*116 %
700
200
42%
141%
122
Apr
42 Vb Nov
.5%
t
*11%
33%
6
Distil
:
1,500
130
Jan
20
400
33% >■'
*29%
Oct
Jan
27%
Jan
1,700
9%
9
9%
■
37
21
Apr
8% Jan
4,800
15%
15%
42 "
*33
Oct
Jan
18
37
25
preferred,^,—,
Jan
14
33% Mar
partic
Jan
18%
37
6
6%
Oct
4%
30
Jan
Diamond T Motor Car
Nov
11%
35% July 12
26
-■
125
■
1,800
99 %
117%
"r
-
7
l
13%
Jan
2% May
7
22% July 14
17% Jan
Mgr
Dec
Nov
48% Apr
4Q
30 Va.
30%
*98
i
Raynolds A———No par.
Diamond Match———No .pat;
Dec
27%
30 V8
14%
Devoe &
■
100"
140%
*116
.
390
B
33 Vb
128%
i
39
■
—
Western:
Detroit Hillsdale & S W RR Co„100
40
*43
Lack &
Detroit Edison
10,300
50
*43
31
10
10% May 10
16% Jan
*39%
28%
20% May 19
17% May 5
5%
5%
*30 %
128*
2
2
2
3% Jan
30%
9%
Jan
8% Jan
30%
28
12
—^,50
Deisel-Wemmer-Gilbert
43
Oct
Jan
10%
25% May
9% Apr
Delaware
30%
128
18%
1
^Delaware & Hudson—,22——100
30%
30
14%
6
36% July
8,000
*30%
*14%
July
5
9,800
30%
a
12
5%
100
110
Apr
Apr
11
Jan
Jian
10
15%
18
47/b
Jan
26
29
-10
—No
5%
30%
15 Vb
20
Apr
par
—---1
-
—
15%
30%
43 %
24% Sep
19
-20
Inc
Co—L,
Preferred
*16%
30 V4
33
Mar
5%
■
29
33
102
15%
28%
*42 Va
8
17%
28%
*14%
Jun
5%
28%
14
116
15%
28%
99%
20
*16%
48
33 %
108 3A Jan
5%
*28%
13%
.
15%
*43
32 Va
12% Nov
18
50
"98
17%
Aug
15%
29
•
Jan
8
*16%
*43
13%
33%
15 V»
5
15%
*28%
99 Va
3
Jun
33%
29
*12%
Mar
19
*33
50
■32%
2%
9
2
Corp
33%
29
"*98
Chemical
111%
V
4
Jan
Jan
5 %■ preferred-—,
Davison
40
*45
40
,
23%
29
28 Va
3,400
20
50
*43
-
-
12
Davega Stores Corp———
24
13 Vb
17
9
———25
(The)—1
Dayton Pow <& Lt 4 %V« pfd
100
700
6%
17%
*17
6
.
13
13%
1
40
39%
.
111%
*111
23
6
24
*17
13%
13
L
90%
87%
87%
87%
90%
89 %
89 %
100
93%
95
Va
5 %
93%.
*93%
9.4%
130
*A
%
1,100
.100
Public
Service:
$5 preferred
,•
—50
Johnson Corp
preferred
Enfirmpers
190
'89%
Paso
$5% preferred,
$6 preferred
tEquitable
Office
Bldg
1
.-No
No
No
No
.
33% Jan
23% Jan
2
7
49 V2 Jan
5
Dec
21
102
2% Jan
x32
Nov
Sep
19
9
58% July 17
118
Aug 21
9% Sep
30
17%
Apr
39%
Apr
107%
Feb
1%
Apr
35 Va
112
Oct
3 Vb
par
54
Sep
27
40
Apr
66
par
57% Jan
92% Sep
27
46
July
73
par
62 % Jan
96
Dec
11
47%
Apr
par
% Jan
1% Mar
1
A
Deo
Jan
92
Jan
Jan
Jan
Jan
.van
%
Oct
Volume 158
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
Dec. 18
s per
9%
97/a
45%
45%
10%
9%
%
•
46
'
*76
>76
10%
ioya
11
7%
ii
11
21%
21%
21 '/a.
21%
*2%
V 2%,
2%
7
*2%
7%
27/a
32%
34
22%
.
22%
7%
33%
22%
33%
22%
33
'
.
7%
.
'
2%
22%
22%
9%
9%
15
*14%'
18%
'
*14%
102%-
*101
9%'
9%'
14%
19
17%
17%
17%
4%
4%
5%
22%
22%
22%
22%
94
94
'
17%
22%
9y4
15%
,i4;m
No
par
Eureka
9
12
50
68% Jan
18
78
1,400
2,500
Evans
Ex-Cell-O
2%
200
33%
2,200
22%
2,000
Fajardo Bug Co of Pr Rico
9%
•
9%
5,700
Farnsworth lelevis'n & Rad Corp_l
Federal Light & Traction,.
15
14%
14%
101
101:
,
18%
18
18 y«. /
5
;
Co
3% Jan
2
9% Jun
14% Jun
29% Mar 30
19
Wo par
600
ti'so Jan
86
Feb
18
3% Jan
Deo
70
Dec
1%
4 Ma
Jan
\
16%
>94
16%
I
22 %
94%
"
5
.
4%
5
16%
22%,
17
16%,
17
22
22%
)93%
93%
94
93%
4% "'5','
4%
*22
22%:
*22
16%
,*16%
17
'
.
22%
94%
•
,95
#16%
,
5y8
*93%
,
48
48
48
,48%
48%
48%,
49%,
49M4
*49
39%
39%'
39%
V 39%
39%
39%
39%
39%
39%
39
*104%
105%
*104%
105 Ma
*104%
105 y4
*35
35%
35 y4
19%,
107
*33%
,
6%
6%
*33%
24%
6%
6%
*24%
*6%
12%
12%
*51 :
*116%
52
15%
4
"20%
*19
"■•*19
;■
:qv>58,
.;;V 3o%
,; 29%
*108%
li
12
12
12%
52
52
53
16%
16%
16%
Mar 26
27%
Apr
37%
19
Jun
,29% Jan
6
Jun
117
20%
*116%
*19%
93
Jan
Deo
24 Ma
Jan
8
Apr
13%
Dec
3
Jun
4M4
Feb
29%
29%
29%
110
#14%
Jan
lyvstJun
2
7%
Apr
14 Ma
42
50% Jun
28
29%
13%
Apr
43%
Dec
Jan
26%
Dec
Jan
8
25% Jan 14
104% Jan
43
July 15
87%
112% July 12
39 Va Jun 16
6,
31 % Jan
15% Jan
7
No par
97% Jan
11
109
5
22 Va Jun
Apr
Apr
29%
105.
Dec
Nov
39 Ma
Feb
2
9M4
:
16%
Dec
July 29
86
May
96Ma
Jan
Dec
Jan
36
Jun
10
15
Mar
; 27 V4
28
Jun
11
18
Apr
21%
Feb
-10
3% Jan
2
Jan
30% Jan
5
9% July 15
Dec 23
5%
,,,,,,100
28
Follansbee
5%
Corpi
conv
3
7
May
Aug
8% Sep
20
27% Mar
63
36% Mar
.
,**—,1
9% Jan
4
13% July
10
39% Feb
3
53
10
10 V* Jan
7
19% May
,Wo par
6 % prior preferred,,,,,,,
25
Francisco Sugar Co—.
Wo par
F'k'n Simon & Co Inc 1% pfd—100
Xll6% Nov
12
140
,5
21
May
14% Sep
5
Jun
10%
75
38
Oct
45
27
Apr
38% f Jan
Food
Machinery Oorp^.,,
Foster-Wheeler Corp,,,,,
$7 conv preferred,,.*
3,100
30
Steel
preferred
Food Fair Stores Inc.i
4,600
1,400
110
*109
110
87
7
30%
20
29%
29%
#109
Nov
8
70
30%
Jan
74 Ma
19% Jan
1,800
14%
*60
18Ma
25% Jan
20%
.*19%
30%
30%
29%
29%:
#109
110
109%
110
30%
,
.
Apr
par
117
151%
.
11%
98% Noy 22
2
No
900
20%
15
*60
70
ti%Apr
0
25 y4 July 14
,No par
1,200
16%
>116 y2
Jan
Sep
19%
Florence Stove Co,,,-,,,
280
53
70
,.*19%
715'
30%
30%
30%
;
15
*60
68
117
*116%
20%
#19%
15%
14%
117
8M4
69%
Florsheim Shoe class A
2,300
'
12%
53
*15%
Jan
1
200
49%
>11%
Oct
1V4 Nov
300
'
6% '
■
Dec
Jan
May 27
i,Wo par
No par
Stores,,,
Flintkote Co (The),.
$4.50 preferred,,,.
100
24%
49%
16 %
29%
-*108%
109%
#6%
'.
53
12
31
30%, 30%
'28%'; 28%
7.%
6%
"50
.
51%
*58
First National
600
1,700
•
33%.
24%
16%
14%
114
♦
v
'
19%
*33
33%
24%
,
12%
68
68
*24
51
>
33%'
■
,
54
,20%
*13%,
v,14%
*58
35
108
*105%
Jan
4M4 Sep
7 Ma
28%
78% Jan
8
12% Jan 27
Firestone Tire & Rubber,;
,10
6 % preferred series A,_____,100
100
.
,,100
Enamel Corp
.,,,,,,,,^,1
Fidel Phen Fire Ins N Y
,_$2.50
900
3,300
105 y4
preferred,,^
conv
15
Ferro
500
49%, V
19%
108
#116%
117
116%
50
*105 Ma
■
16%
*52
16%
117
49%
12%
■
53
15%
15%
.
12%
*12%
•
52
6%
48%
6%
47
45
25
108
19%
19%
34%
24%
,*33%
'34%
4% %
'
34%
34 %
25%
6%
46
34 y4
.
19%
19%
*105%
'
*45
35
19%
107 y8
*33%
24%
*34%
19%
*24%
34%
#24
.
'35% |
,
No par
210
39%
*104%,
*34%
>104% 105 y4
105
107 y8
19%
108
*107
,
.35
35%
19%
19%
.
107
105
No par
Federated Dept Stores,,,,
700
16%
16%
:
48
39%
*47%
.
%
94%
•
Federal Motor Truck,,.
3,800
Oct
Apr
'
'
,
10 Ma
May
20
19-Va July 13
105% July 27.
29% Apr
5
18'/a Dec 24
7
17
13
Federal-Mogul Corp,,
Jan
1
11% Nov
2
Jan
18% Dec
2
Oct
44
42
Nov 29
8% Nov 29
No par
3% July
10
Jun
28
30% Nov 30
21
-,,,20
$6 preferred,,,.;
■
Jun
Jan
70
5
8
4%
3%
8
4
Nov
20
t per share
32%
,
24
% Jan
3
Federal Min & Smelt Co
1,800
Nov
5% Jan
.,,6
Corp,,
Fairbanks Morse k Co
90
19
Cleaner
Products
Exchange. Buffet Corp„,„„_,2.50
1,600
%
19
,
8
Highest
I per share
Jan
2,000
7%
9
39% Jan
10%
■
$ per share
100
int
Vacuum
8% Jan
Year 1942
Lowest
16% May 4
16 ya May 4
52% May 19
22%
'
19%.
7
benef
5% pref series A
Erie & Pitts RR Co
1,400
I per share
par
33%
.
101%
1«
'
18
,18
,
101 Va
Otis of
13,500
!
No
common,
*2%
,
.9%
14%
*18%
Erie RR
21%
7%
10%,
#21
22%
,
9%
Range Since January I
Lowest
Highest
v
Par
82
34
34
19
*76
2%
9%
-
45%.
7%
34
18%
'45%
21%
2%
.
*101% 102
101
19
4%
*17%
*15
15%
14%
101
19%
18%
"*17%
3
:-"9%
10%
10%
.21
Range for Freviotis
STOCK
EXCHANGE
2,600
10,
9%
7%
,
•
9%
NEW YORK
Shares
t per share
82
22%
9%
9%
102%
*101
18%
.
22%
,
1
9%
7%
10%
21%
.33%
33%
■
*7%
10%
21%,
*#2%
.
.
the Week
45%
45 %
•76
82
Sales for
Dec«,24
10
-
9%'
9%
*76
82
10
'
46
46
-
21%
7
10 Ma
*21
10
9%
9%
46
46
82
10
Fridav
r
$ per share
S per share
.
10
9%
9%
9%
46
82
*76
'
9%,
10W
■■■■$ per share
.
STOCKS
Dec. 23
Dec. 22
.
I
Thursday
Wednesday
■>>'•
Decj 21,
!
I per share
share
10M4
Tuesday
Dec. 2(1
PRICES
AND HIGH SALE
LOW
Monday
Saturday
2589
Freepor^ Sulphur Co
Fruehauf
5% Jan
16
17
114
Sep 28
38% July 10
31% Jun 10
•3oy8 Nov 30
10
12
Jun
9
May 1
15% Dec 21
8
Feb
50
4
Jan
2
100
96% Jan
12
(The) cl A__
No par
Inc (Robert)
1
preferred,,
.,,20
Gamewell Co (The)—
Ao par
Gar Wood Industries Inc,_i,
1
.
2% Jan
11
1% Jan
2
9Vb Jan
6
19 ya Jan
11
Jan
12
30% July 13
6% Jun
1
9% Jan
51
Jun
11
14% Apr
15
53 '/a Apr
2
11% Dec 20
5%
Trailer
16% Jan
Dec
conv
Co———-.1
preferred
110
Mi
11%
Dec
12%
Jan
136
Nov
18%
15% Apr
Apr
Nov
Feb
May •
18
85 Ma
Aug 23
Jan
42
Apr
Jan
.
97
Nov
"
■.'• *2%
2,500
2%
,2%
2%
2%
6,900
*12%
13%
*12%
*23%
*12%
600
24%
210
4%
2,900
*2%
2%
2%
:
24
23
.
4%
4%
4%
*13%
13 Ma
#13%
51
*50%
*50%
Galr
11%
#104%
41%
41%
7%
7%
7%
7%
*138
:
6%
4%
2,400
11%
11%
*11% 4
700
81
81
80%
80%
410
.
10
:
36%
37 y8
37%
>
7M4 Nov
Sep
46%
Feb
3
3% Jan
5%
Nov
106
Aug 23
9V4Jun
5
5
98 V4 May 19
20ya Jan
5
32% May
148
2
2
13
140
Dec
4%
3%
Oct
9%
Jan
90 Va
Feb
21 Ma
Nov
66 Ma
Nov
16%
4
Apr
Apr
120
3
Nov
1
21 Ma
July 15
132
*23%
39% July
Jan
2
Sep
6% Sep
18% May 20
71% Jan
Apr
104
2% July
8% May 19
4
Jan
Dec
Mar
2
30% Jan
Apr
Feb
53
98
151
1
130 »/a Jan
Oct
10 y4
9% Jun
4% Jan 12
—Wo par
Jan
3%
Feb
3%
Jan
21
35
^—100
,No par
preferred———————100
,7 %
51
Sep
Jan
2
51
7% Jan
General Electric Co——
20,200
26
2% Jan
.i._,
2%
2%
11
Sep
16
May
2% July
8Ma Apr
Aug 31
107
4
5% Jan *4
7% cum preferred
General Cigar Inc—
900
26%
#145
*145
146
;
36%
Jan
Jun
8
Jun
29
Jan
Mar
1%
IMa
1
,^,,No par
Class A—,
'
:
25%
25%
25%
*145
4
Jan
37
134
10
May 17
4% Jun
4 Va
14% Oct
102
Amer
,
1,000
4%
4%
6% Jan
-No par
.-No par
Transportation——5
General Baking,,,—
.,——5
$8 preferred————J,JNo par
General Bronze Corp——3
General Cable Corp—No par
10
11%
50
$6 preferred,——,
Gen
2,100
4%
preferred,—
conv
Gen Amer Investors
200
4,500
6%
6%
5%%
1,700
:
143%:
*140
143%
#6%
:
lo
10%
*104%
106
42
3
Gaylord Container Corp,,—5
42%
11%
1,1 Ma
106
Co
6%
*13
#50 ¥4
Gabriel Co
Dec
Nov
Apr
30%
Oct
Apr
111 Mi Apr
% May
40 Va
Jan
'
42%
42%
43
v
2%
.
#130
50%
107
107
*130
131
*127%
*37%
39
51%
115%
r.
2%
160
2%".r
105
106
*130
131
:■
7
51%
128
60
:
700
J
-
$6
4%
6%
19%
19%
"76%"' '* 6%
6%
*105
:
"'v5'1". .vi 5
19%
19%
#105
108
i%
•'
,
1%
,.
113
Gen
f
6%
..-•■i'-:
51
'''•I
■"
;
*
-
6%
1%.
-
20%
2,000
400
'
20%
#111
1
'
-•
1,800
80
113
-
1%
5,000
-
50
51
22%
22 y»
21%
21%
21%
21%'
15
14%
15
15'/a
15%
15 y8
900
General Shoe Corp————1
86%
86
86%
85
85
85
420
Gen Steel Cast $6
*14%
85%
;
52
22
21%
*17%
*110%
20%
-
19
115
-
:
20
'7%'
20%
'
7%
•:
70
*69
21-Va
200
2,400
,
"
23%
23%
*17% .18-%'
*iioy4 115
21
7%
51%
*50
*69
7%
70
11% :
11%
11%
82%
82%
47
*46%
'
iy«
llA
■
■
•''
2%
*2%
;
41%
42%
43%
98%
37 y8- ,37%
*97%
,
>103
37% : 38%
104%
:
*14%
3%
*14%
9%
.
1%
15 V*
3%
1%
3%
"
9%'
-
.1%
,
15
1%
1%
3%
3%
1%'
3%
3%
*15%
.
"
9%
*33
9%
33%
*24
33%
24%
33%
*24
15% <;
*14%
24%
*32%
*24
9%
15%
-33Vz
24%
9%
14%
14%
14%
14%
14%
14%
*14%
25%
25%
25%
25%
25%
"25%
25%
25 y4
23%
23%
23%
23%
*150%
151%
151%
-15W
47%'
11%
10%
10%
■4y8
.
4%
.
6%,
6%
h
•
45%
I
23%
*23%
308
150%
33
*148%
58%
48%
20
20%
20
20%
19%
20%
20%
11%
11%
11%
10%
11%
*11%
.11%
*11%
10%
6%
4%
135%
138
,Y
<;
•
*11%
4%
'4y4
>134
,
*57%
11%
4%
138
60
11
.
49
-
,
11
.
4%
140
4%
*135
6%
6%
6 Va
6%
32%"
32%
32%
32%
32%
32 %
32%
,6%
'32%
45%
45%
46
45%
46
45 %
45%
45%
28
*26%
28
*26%
28
37
<5%
6%
*36
37
*36
37
*36
37
16%
*16
16%
*16
f •-
-
6%
7,100
14%
700
•
Grevhound Corp (The)
5% %
preferred—
11%
5,500
Grumman Aircraft
4%
3,300
Guantanamo
140
6%
60
6,800
90 Mi
Dec
Jan
4Mb
Nov
80
29% Feb
100
,
24
23% Nov 19
138
Jan
2
-44,—No
10
65
Jan
19
50
Sep 27
14'/a Jan
4
par
Corp^.^.i—. £-1
11
Jan
ioya Nov
9
17 Mi May
2
19
Gulf Mobile & Ohio RRJ.t—No par
3% Jan
12
25% Jan
2
32%
2,400
5,900
Gulf
nrpferred—
Oil
Corp
No
—:
—
..25
8
13% July 16
2% Jan
tfjrir
21M4 Dec
4
81% Jan
46
27
57% Sep
'par
as
10
44% Nov 18
81% Dec
IMa Nov
Sep
6
Mar
83/4
Dec
6
Apr
9M4
Nov
6M2
22 Ma May
32
23
25
July
,
Jan
NOV
Feb
13% Dec
.
18%
Oct
19%
11
Dec
3ty4 Jan
i-10
Sugar—__j-.;ij__No
preferred,
27% Jan
154
Jan
4
July 13
13% May 29
37
Sep 22
26
July 2
18
Apr
1
32% May 10
1
^4—.. .100
8%
1
Dec
A Sep
2% May 10
6% Apr
7
.100
...
x58
17
3
7
Green Bay & West RR—
Green (H L) Co Inc—7—
500
20%
.
27
Jan
21% Jan
——
60
#48%
11%
4%
*135
*58
49
49
Jan
1%
6% pfd—No par
Great Western Sugar——.No par
Preferred
——.——J .100
48%
10 V*
14
30
Dec
9% Apr
15
3,200
83%
60 Ma
Dec
24
Jan
29
Nov
5
137/a Dec
150
56
41% July 17
par
23%
Dec
108 Ma July 14
9
*148'/a
Feb
27
9
7% Jan
Great Northern Ry
82
Jan
8
11
Jan 11
4% Jan
5
——.20
Jan
Nov
13
102
17
Ore Prop—No
2%
73
20
Oct 25
45% Sep
25 Va Jan
Jan
preferred—
1% July
Oct
Feb
H Jan
90% Jan
3% Dec
5%
16
44
Jun
14
8
8,600
*57%
-
700
6
Nov
5 Ma Jan
65% Jan
Jan
83
City Steel———i.^..No par
Grant (W T) Co„————.10
24%'
%
6
61
Feb
Nov1
97 M4 Aug 25
2
Granite
22
3% May
8
Grand Union Co.——No par
400
1,300
Jun
1% May
73% Sep 13
24% Jan 12
Jan
25%
48%
11
22% July 16
48
25%
58%
,
2
2
Great Nor Iron
*48
X40% Mar
4
Apr
50
May
12 Ma Sep
37%, Jan
May 20
5
3,900
23%.
74
Jan
14%
150
5Ma
Jan
14%
*57%
io%t-11
4 y r
4%
6%
32%'
33
Jan
4
Graham-Paige Motors,
i.—,—.-I"
Granby Consol M S & P.,———5
6,100
Jan
3
14% Jan
25%
.
23%
150%
10
*24
58 Ma
,134^ 134,.
32%
32%
,45%
-
■
137%
*134
■
'20
11%
,
9,700
I
20
Dec
41
14 y4
20%
48
20 Ma
20 y8
23%
151%
.
9%
48
*57%
58 Ma
*ii%
•
23 %
*150%
151%
9%
33 y4
14%
*47%
800
15,600
24%
*24
14 y4
25%
,
'
33%
'
14 y8
*58
9,000
Feb
Jan
Dec
preferred—,—i—-50
i'S Jan
10
79%
Oct'
15%
4
1
Co—100
Goodrich Co (B F)——.,No par
5% preferred——
__,No par
Goodyear Tire & Rubb——No par
$5 conv preferred
——No par
Gotham Hosiery,.
No par
Preferred ———————100
Jan
11
17
Co,
19 M*
Jun
Jan
14 M4 Sep
Brewing
14 Ma Apr
%
7%
85 Ma Oct
Gold & Stock Telegraph
Nov
'
16%
110
2
1
31%
107%
May
Sep
4
conv
Mar
101%
Dec
Jan
(Adolf)———-—
Jan
U
25% Jun 28
9M4 May 10
.
Jan
IGoebel
60
3%. ', 3 %.
60% Jan
5%
109 Ma May
% Jan
14% Nov
Apr
Apr
M4 Mar
13 Ma Mar
10
23% May 29
113
4
5
—
Nov
8M4 May
55% Jun
9
59
4% %
4,buu
3%
preferred——No par
Jan
14%
23
22
—No par
Gobel
70
1%
conv
July
24 Ma Jun
4
4
Jan
10%
4 I
$6 preferred—.
—No par
Glidden Co (The)——No par
900
■
9%
"
9%
,
$5
Glmbel Brothers,
100
102%
*1%-
16% Jan
3,300
8%
1%
'
15 Va Dec
91
2
#99%
,
100%
1%
105
:*104
*7%" ■7%
*9y%
•99
2
15 ya Jan
108
Jan
3%
101
4
Sep 17
2
4% Jan
1,400
2%
41%
Jan
Gillette Safety Razor——No par
2,100
86%
<' 98%
preferred————100
23% Mar
14
4,000
1% *
2%
Telephone Corp—
20
,Corp—,^No par
Jan
1% Jun
5
July
30
Sep
Aug
112% July 15
4
128
10% Mar
A
15% Jan
9% Jan
Dec
3%
59
60
44%
99%
31% Jan 28
.
Feb
Jan
Apr
13% Aug
1% May
25 Mi May 20
2
Oct
131 Ma
13
Nov
Jan
87
Apr
122
6
,
112
9
14% Jan
>300
18%
86%
preferred—No par
Mar
% Jan
General Tire & Rubber Co———5
100
•
87
*86
2
12% Jan
30
116 Ma July
1% Jan
102
Apr
2 Va May 10
2
xl04
Mar
64%
122
24% May 29
814 Jun
8
5
Jan
32
2,100
11%
*1%
4% Jan
61
Nov 18
6Va July 23
39
25
103% Jan
.No par
Gen Time Instru
6%
47
*18%
*45%.
General
100
4
•'
General Refractories—-
3,200
85
18%
*82%
#18 -
v
13% Jan
6
18
July 13
131% May
2
—
50
56
7
2% Jan
23
137
7
17'/a Jan
Dec
107% Sep 21
July 23
14
125% Nov ,19
Outdoor Adv A——No par
..No par
Equip Corp,.-No par
General Printing Ink—...——
,1
$6 preferred—
.——Wo par
Gen Public Service————.10c
Gen Railway Signal—L—No par
6% preferred———
..—100
Gen Realty & Utilities—
1
$6 pref opt div series—
No par
'
'
44% Jan
Gen Precision
2,100
2% Apr
July 28
83% Jan
Common—,—.
800
:
108
*1%
21%
113
19 %"
•105
1%
21
,
:'
108
'-.f.
119% Sep
120
128% Nov 30
preferred,.
——,,,100
General Motors Corp—
—10
$5 preferred-i—No par
26,600
;
800
'
,8:
*19%'
: 6%.
6%
*1%
•111
1
*4%
93
5%
128
*36% " 38
.
19%
#105
21%
<
1
1%
i%
%
108
■
5
:
19%
-
*111-113
■
*4%
;•
'1%.;,... 1%
2i»/4
s22
■21%
nu
4%
.—No par.
preferred series A_No par
General Mills——No par
,
'
',4%'
cony
44 Va
113% Jan 22
1% Aug
9
Gen Gas & Electric A
64,100
,:51%
>127%
38;
*30%
,
34
General Foods Corp—No par
$4.50 preferred
,No par
4,200
122
51%
128
*37% '
39
i
*121
107
*130
51%
42%
2%'
122
127% -127%
128%
115%
2%
#119
-51%
51Va
51%
128%
>114%
42%
*114%
43%
2%
*119
131
-
42%
,
*114%
2%.
106% '106 y8 ■;
131
*36%
42%
■
122
*119
107
•130
•
115%
2%
2%
120
*102%
" 43:
115
*115% -116
120
=
25%
Feb
Jun
22% Apr
Apr
50
July
25
Apr
lOMa Apr
130
10
Mar
9 Ma May
28%
143
Jan
Jan
63 Ma
Nov
33 Ma
Jan
147/a
Dec
11 Ma Aug
14% Jan.
Jun
4
11
160% Jun
12
48%
Jan
5
41% May 12
2 Ma
Jun
4 Ma
Oct
Jun
33%
Oct
5
10 Va May
50
1% May
18
37/a
86
Jail
Sep
Ma July 26
H
*26%
*26%
28
*36
,
37
*36
16 y8
*16
.
16'/a
*12%
#106%
12%
108
For
footnotes
-16%
12%
12%
106%
106%
see
page 2595.
16%
*12
*105%
12%
108
27%
*12
-
*106%
27%
13%
108
16%
*i2y8
13
*106%
107
*26%
36
*16
*
12 v4
#106%
28
100
36
100
Hackensack
7%
Water
—
preferred class A,
Printing Co—!
16V4
200
Hall
13%
200
Hamilton Watch Co.
107
10
preferred.,
1
22% Feb
100
28 Ma
Sep
3
Va Jan
5
9% Jan
18
104% Mar 13
110 Ma July 28
12
par
11
Apr 13
18% July 23
15% Jun
4
35
.10
No
—
25
.—,25
Jun
1
38
25
Feb
19% May
Apr
35
Dec
8% Mar
13
Aug
Jun
11M4
Nov
Mar
106%
Feb
29
8
95
THE COMMERCIAL & FINANCIAL CHRONICLE
2590
S per
$ per
share
S
share
per
106%
106 Va
106%
*105%
16 %
*105%
16%
16%
15%
16
n36
*105%
15%
16
*102
*102
105
6
16%
Lowest
Par
'
!
■
(M A) Co $5 pfd
I per
'
200
105
6%
500
2%
2%
106 %
106%
3,700
310'
64'/a
100
6
6
$ per share
107% Sep 13
18% July 6
98
Apr
12
Va Apr
*126
Feb
3
5
86
Jan
2
144% May 14
7% May 29
109% Oct 11
6
Dec
14
10 % May 28
.135
Highest
I per share
4% Jan
preferred-—100
Hat Corp of Amer class A———1
6% % preferred100
Hayes Industries Inc
._1
6%
57/a
share
13% Jan
par
Year 1942
Lowest
Highest
99% Jan
No par
Refrac—;—No
Harbison-Walk
142
*6 Va
6%
Hanna
2,800
*102%
105
'
■
10
*5%
5%
6%
6%
106%
*136
142
*102%
105
6%
6%
6%
6%
*102%
*105%
.
Range for Previous
Range Since January 1
'EXCHANGE
.
Shares
$ per share
16
*5%
5%
*5%
105
*102
105
*6%
6%
"6
*136
142
*136
142
*5%
5%
5%
*15%
16
■
6 Va
STOCKS
,PJEW YORK STOCK
the Week
15 Va
106%
*105%
106 Va
Dec. 24
|*per share
$ per share
share
106%
*136
142
*136
142
*5%
Dec. 28
Dec. 22
Dec. 21
Sales for
Friday
Thursday
Wednesday
Tuesday
Dec. 20
Dec. 18
-
PRICES
AND HIGH SALE
IOW
Monday
Saturday
Monday/ December 27, 1943
Apr
I per
Jan
Jan
16%
146
3% Mar
80
share
104
88
5% May
Jan
Jan
4%
Dec
May
8%
Nov
Jun
\
2%
2%
2%
107%
*105%
*
107
64%
63
63
*63
*160
164
*160
1
64%
*63%
i'"'
24'%
2%
106%
106
64%
*63%
*128
129
*128
129
63
63
*61
64
*62
84%
83%
83%
115
*114
*18
19
*17%
*115
116
40
39%
*52 Va
53%
109%
64%
64 Va
20%
*20%
20%
40
*39
40
12%
13
*115%
116
7%
7%
116
*115%
V4
*42
42%
13
13 %
*13%
53%
53%
53%
53%
110%
7%
7%
7%
7%
31%
31%
31 Va
31%
31V4
"
42 Va
*42
42%
13%
54
54
*54
110
110
*108
65%
65%
110
7%
31%
31%
31%
30%
*1%
1%
1%
1%
1%
lJ/4
*1%
1%
1%
*5%
6Vs
*5%
6%
*5%
6%
6
23%
23%
23%
23%
23%
23%
23
23%
22%
23
23%
8%
8%
8%
9'%
9
9%
9
9 Va
23%
q *
1%
1%
1%
10%
24%
*24%
44%
10%
10%
24%
44%
10%
8%
15%
162
10
34
34%
*33%
*111
113%
*111
6%
169 Va
71%
73 %
167
*165%
:/■;
1%
1%
147/e
'
1%
14%
14%
*
■
15%
15% '
39%
39%
7%
*33%
34%
113%
6%
6%
72%
1%
1%
15%
4
Va
27%
27 Va
132
*130
4
4%
4
68%
41%
*39
41%
*35
35%
*54%
55
55
*104 %
120
*106
,«
'
35%
*125
100
*80%
3%
Nov
Oct
46%
Jan
44
Feb
Feb
26
102 Vb Jan
15
115
6% Jan
7
6% Jan
7
9% Jan
7
July 14
16% May 10
16% May 10
18% Sep 21
94
intern'! Telep & Teleg———No par
Foreign share ctfs—No par
Interstate Dept Stores———No par
*14%
—-100
90% Jan
14
111% Aug 26
Intertype Corp—-—No par
Island Creek Coal—.——<——1
10% Jan
4
18
Jun
2
7%
27% Jan
5
32% Apr
3
24%
28%
5
145% Jun
10
*12%
28%
*138
28,500
12 Va
800
*16%
108%
14%
14%
30
1,400
10
-
200
V
30
*136
29%
1
17 V4
*108 V4
300
140
13
12%
12%
12%
28%
28%
800
12%
28%
29
112
*107V/a
86%
87
*86%
126%
*125%
*80 %
100
112
1,500
20
126%
<125%
Preferred
—
Jarvis
16% July
34
May
l'/a Jan
92% Sep
125
Dec
13
136
79
Nov
Jan
Jun
10%
Apr
95
Jan
Apr
11
Dec
Apr
32%
127
Apr
5%
Jan
18% May
85
50
May
Va May
122
July 21
Aug 16
Oct
7%
6%
8
-—100
stamped—,100
Oct
104 >/a
88%
July 14
21
39%
2
109% Aug 19
Jan
Jan
•
7'/a Nov
138
Nov
Jan
Nov
10%
Nov
33%
Jan
107%
Jan
Aug 28
Preferred
&
20%.
7,200
2,200
5%
65%.
2,000
5%
RR
78
'
26% Apr
17% May
24%
65
Apr
5
53%
64
82
Apr
6
61
12% Jun
25
19% Sep
8V4 Jan
4
-10
xl2% Jan
19
Dec
23
5V4 Jan
2
20%
20%
20 %
20%
20
56%
56%
56
56
56 %
58%
57
66%
66
66 %
65%
66
65%
66
65 %
10%
10 Va
10 Va
10 %
11
10%
10%
10%
10%
800
Joy
18%
18%
18
400
Kalamazoo Stove & Furn__
pref series A_——
pref series B couv
Mfg
Co
—
Nov
54
129
9
64% Jan
20%
56%
73%
7
19'/a Jan
100
-100
——1
20%
56%
27-
8
Laughltn Steel—iNo par
Jones &
57
Chicago
20%
65% ,66*
10%
10%
Dec
70
56%
,
Apr
Johns Manville Corp—„—No par
20%
Va
12
19
99 '/a Mar 30
——100
preferred—
>
Feb
26
Jewel Tea Co Inc————No par
% %
Jan
,
9% Jan
1
Co—;—
(WB)
-July 16
135
1
preferred
Joliet
100
*80%
100
.
4
87 %
86%
126%
2,200
112
*107%
87%
.
$6
28%
*107%
*80%
v
108 Va
140
87
*125
17%
12%
12 Va
/.
15
29%
28%
140
*138
12%
'
120
12 Va
12%,;
.
15
15
*104 %
120
*104%
.
20%
*
Oct
24
;
Salt———No
*55%
20%
Jan
1%
30%
59
112
126%
60%
li
71% July 12
7
120
100
11% Jun
Oct
Dec
Jan
Jan
*16%
126
43% Mar
20
4
11
15%
30%
136
36
*107%
*80 %
69% Dec
3% Jan
37% Jan
Dec
International Silver——;—.—50
7 % preferred——i100
17%
126
2
—-No par
Apr
Jan
7%
700
108 Va
100
24%
126%
59
17%
126%
'
36% Apr
5
July 14
138
57
*107%
87
Dec
Dec
Nov
55%
55
17%
*107%
4%
Apr
32
108 Va
87
1%
48%
17%
112
30
6% May 11
Jan
May
May
*107%
'-86%
5
57
Mar
17%
*107%
3% Jan
Apr
26
108%
87
%
12%
38
2
39
17%
112
July
5
*107%
87
Mar 25
67
38% July 26
12 %
*107
19
4
*104%
28%
Va July
3% May
4% May 10
5
8
Jan
120
13
Dec
July
28
12%
28%
61
166
39
*12%
*12%
Apr
May
45% Jan
*39
Jan
40
147
preferred———100
conv
5%
670
151%
28
July 27
par
12%
13
5
Sep 24
74% Jun
——No par
*12%
28%
% Jan
177
177
Jan
International Shoe
12%
13
9
Feb
Jan
8
International
12%
28%
20
8
10%
5% May
109% Mar
Mar 29
23%
111%
200
12%
13
9
9% Apr
Feb
Jan
Oct
900
13
28%
9
18%
100% Aug
5% Apr
35%
55
29%
6
Mar 29
41%
*54%
140
38% July
6%
35%
12 Va
*28 Va
1
35%
12%
*138
Jan
8% July
41 Va
12%
■
12%
8
*39
12%
29%
Feb
8% May
5% Apr
V 15% Apr
*35%
12%
140
Dec
74%
35%
55
15
Jan
163%
2
Jan
;
100
preferred———100
5 %
Inter Rys of Cent Am
1,700
Oct
July
Apr
Co.———15
3,400
Oct
May
35,000
;:
4%
41%
*39
12%
*14%
:
24
V.
Nov
Mar
54
14% Dec
7%
9%
23%
42
74
6
70
Jan
May
153
2
69
12%
16
5%
13
7
Dec
70
Apf
July 23
«Nov
*7%.
Nov
1%
78% July 24
168
8%: Jan
68%
8
5%
Feb
25
70 Va
Jan
A Jan
Dec
129
68%
Dec
3Va
16%
—100
68 %
Aug
237/a
35
11% Jan
100
Mining Corp——^--1
Paper
Aug
5 Va
Apr
Apr
International
14%
1%
Jan
Sep
55 Va Jan
.
:
Jan
21
115
20
•
Hydro-Elec Sys class A—
25
Min & Chem——5
Preferred
Feb
10 V*
Int Nickel of Canada-i—--iNo par
14%
69%
28
21
56% Jan
162
International
International
Oct
34%
19'% July 24
26,900
V 400
14%
V 3
8%
Jan
144% Jan
Harvester——No par
4% .preferred—
Sep
~4%
44% Jun
1,600
14%
70%
35%
66 Va
27
21% Jan
Preferred—————————100
Int
106
Apr
Jan
4'/a
§6%
8%
*35
*10
6% Jan
No par
Machines—;
May
2%
6
*4
4
130 Va
69%
Business
International
Dec
Jan
/100
26%
8%
*39
28%
8
Nov
Int
Oct
44 Va
Apr
Feb
32%
65%
130%
71%
8
69%
40
*12%
5
9% Nov
—No par
Co_,—;
Feb
Nov
:
May 10
*64
65%
27
68%
*28
17
Jan
62 >
Jan
1,700
132
69
*138
Steel
3,600
.15
26%
69
30
158% Apr
5,500
1%
1%
15
*130%
69%
140
100 Va Apr
Jan
1
preferred———..————100
6
600
27%
14%
35
*28%
86% NOV 29
Dec
11%
%
28
6
380
130%
14
*14%
8
Interlake Iron—————^No par
165
26%
14%
39%
.
2
500
: 2,900
72-
130%
14
35
17%
13 -' May
106
170
165
1%
*64
68%
16
9
7%
18%
115
39%
2
6
Jan
Dec
16%
5
48
Corp——No par
6% preferred———.—
.—100
Intercont'l Rubbers—-No par
^
6%
6%
15
:
100
6%
71%
165
1%
65 Va
14%
7%
107%
16% May
31% May
7
'
32% Nov
No par
Ingersoll-Ra nd————No par
6%
112
170
73
15
*64
14%
69%
6%
171
71%
165
15V4
65%
*4
6%
*168
72%
1%
65%-
6%
6%
170
15%
1%
112%
*6%
164
164
166
15
27%
7%
*17%
1,600
35
*33%
*110
6%
6%
169%
73 %
34
112%
6%
*6%
170%
v
34
112
112
6%
164
*7%
34%
*33
72%
1%
68%
*80%
7%
7%
170%
8
*15
7
2
Jan
V 11 Vb Jan
Indianapolis. Power & IX—-No par
162
Jan
4
Interchemical
67
107%
17
8
Dec
Nov
29% May
29% Mar 30
37
15
17
29% Nov
Jan
18
10% Jun
7
18% Jan
•Industrial; Rayon
400
65%
12%
1,900
500
130%
,
2% Jun
8
ctfs series A——1000
7%
*7%
*12%
*156
1,300
89
88%
89%
162
*156
8%
15%
40
15%
*39%
150
7%
27%
54%
89%
89%
7
'102% Jan
38%
2%
5
% Jan
Dec
Oct
96
9% July 13
4% Jan
Jan
Dec
30'/a
.
July 12
1
68% Nov
41% Apr
48 Va
8% Jan
114
22 % Jan
•■•?
preferred series A——100
—-100
,6%
7%
130%
120
8%
15%
*7%
4%
68
*8%
39%
162
4
Inspiration Cons Copper——20
Insuransharr»s Ctfs Inc——1
27%
*123 %
RR. See
89%
2
30% Jan
Leased lines. 4 %
.,
3,600
130%
14%
14%
*138
620
10%
4%
54%
600
10 %
27%
*106
24%
45
9%
10%
4%
'.
V 6,100
24%
45
10 Va
10
4%
68
10Va
24%
45
10%
65%
:
3% Jan
Central RR Co——100
Illinois
19
45
*156
Mar 10
59% Aug 31
Dec
Oct
134
27
2% May 10
24 %
*8%
2
75%
Nov
21%
11% July 12
10%
8
Jan
2
10
14%
''
5
2
10 Va
*64 Vs
130%
9% J&n
July 2
17
July 22
57% July 30
Oct
Feb
14%
Jan
6
12%
110
45
ijr Jan
10
; 65 %
*64
12
4% Jan
Inland
166%
165
36% Jan
Mar
14 Vi
20
1
—
2,400
73%
72%
42% Sep
Hudson Motor Car—-—.—No par
71%
170
170
5
158
\ ;
..
11
'
9
Hupp Motor Car Corp.
71%
6%
6%
6%
169%
Jan
Mar
12% Mar
,
17% July 12
31
8
7,000
45
8
6
3,700
72
6%
79
1%
72
*111
Aug 16
8%
25%
39%
89%
Hud
14,900
72%
6%
30 Va Mar
8
&
71%
113%
...
6 %
6%
6 %
118
July 14
17
Apr
115% Jun
non-cum
10
44%
15%
162
5%
72%
34%
.p
Feb
Jun 1
22
Manhattan—.——100
preferred——100
Bay Min & Sra Ltd—No par
Hudson
200
71%
8
*7%
Apr
71,
Jun
——
10%
10 Va
8
*7%
.
Howe Sound Co„
.
Jan
7
123/a Sep
Co.—No par
25
5
72
*71%
51
125
87
1%
39%
89 %
*156
2
136% Aug 26
8%
1%
1%
16
39%
89%
162
Apr
115
Oil of Texas v t c—
*24
>
8%
8
15%
39%
89%
*156
,
71%
10 %
71%
8%
16
39
89%
89%
24%
45
16
39%
39%
*156
24%
44%
*8
15%
*8
25%
45
q
1%
1%
10%
10 Va
10 V*
21
105
600
6Va
*44 %
24
26% Dec
25% July 13
40% July 2
preferred—————100
'/o.
Houston
1%
6%
■
5
Houston Light & Power
2,800
31
*5 %
£
Apr
21% May 10
44
6,900
7%
1%
%.
141 %
6
No par
Household Finances——,
90
6%
1
9
Mar
18
——No par
B
1,200
66%
7%
Class
600
1%
1%
Dec
58%
28% Jan
Holly Sugar Corp_
—,
No par
7% preferred—
——100
i Homestake Mining—-.
.—12.50
Houdaille-Hershey cl A~
No par
2,200
*5%
1%
Jan
94%
14% Jan
>
13%
*65%
65%
3,100
.
54 Va
7%
7%.
300
1,300
39 Va
13%
v
100
116
39
13%
110%
*109
*65%
65
65
5
23
1%
Apr
May
16% Jan
—10
1
Holland Furnace r(Del)
10
Hollander & Sons (A)———5
The
(C E)
Hires Co
200
:/
39%
*42
13%
*109
.
Hinde & Dauch Paper Co
1
12 7/a
12%
*115%
39%
39%
*42
65
100
13%
*13 Va
13%
13
116
13
*115%
39
7%
31
30%
*13 Va
13
39%
39%
100
r
cum
%
45'
79 V»
"l'r
13
110%
5
6%
19
53
110%
64%
v
*18
13%
*52%
109%
Jan
19
42 Va
12%
13%
13%
100
*18
13
43
*42
43%
*42
9
19
13%
13
39%
;
*18
*12%
116
*115%
40
Jan
19
*39
13%
Jan
Dec
115
20%
13%
8
49
*114
40
13%
12% Jan
—No par
Motors—
73
115
*39
13
Hercules
128
*114
*20%
13%
167
preferred———100
Hershey Chocolate
No par
$4 conv preferred——No par
115
39%
39%
5
Hercules Powder————No par
*114
21
13%
Jan
152
90
63
*39
*13
•3% May 10,
110% July 23
2
71, Apr
1,400
*60
*20 Va
*39
6
81%
129
63
*20 Va
*13%
2
20
56% Jan
19,900
*60
21
39
129
1% Jan
93% Jan
25
preferred———100
—
Co_
Glass
-
W)_———
(G
7%, non-cum
115
;
*17%
Helme
26%
*79%
83
128
128
—2
,—25
Hayes, Mfg. Corp
HazelrAtlas
163
24 %
24%
39%
*20%
20%
19%
*160
63
*61%
63
*114
115
19
115
64%
*79%
83%
129
*128
*63%
163
23
23%
83%
84
129
83%
105
*160
163
23
23%
23%
84
1-29
2%
*63
*160
163
*160
163
22%
22%
22%
106
106
2%
2 Va
105%
2%
2%
2%
105 Va
•
6
Dec
Dec
Nov
Jan
Jan
May
7 Va
79%
Jan
Aug
11
Jan
13%
Dec
K
18%
*17%
123%
*120
123 Va
*120
6%
6%
*17%
*120
6%
18%
123%
6%
18%
*120
18%
*17%
121
123%
*6%
6%
6%
*20%
20%
20%
20%
*20%
20%
20%
20%
14%
*13%
14%
*13%
14%
20%
*13%
103'%
*103%
103%
103 Va
14%
*13%
103%
103%
*103%
103%
*103 Va
*16%
16%
16%
16%
*16 Vb
14
111
111
*20%
13
13%
115
*112%
13
*112%
30%
30%
*19%
*31%
110%
109%
109%
20%
20 %
*19%
20%
13%
115
4%
*13%
*112%
*102%
17
*109%
20
*19%
30
103%
400
17
20
112
500
20%
•
13%
13%
115
*112%
*13%
13%
*112%
115
13%
900
115
4%
Kautraann
Dppt Stores
5% cony preferredKayser (Julius) & Co
Kejth-Albee-Orpheum
Kelsey Hayes Wh'l
Class
B
19
^
83
13
12
58 Va July 29
18% Jan
2
24% Sep
22
17
2% Jan
11
10% Apr
3
Kimberly-Clark /Corp
400
Kinney (G R) Co—
-No par
$5 prior preferred—
-10
Kresge (S S)/Co———1
Kresge Dept Stores—
23
23%
*6%
*51%
52%
23
23%
22%
23
22%
22%
22%
22
*6
7
7%
*6%
7
*6%
7
*6%
7
*28%
29
*28%
29
31%
32
,90
*6%
29
29
29
28%
28%
28%
31%
31%
32
31%
31%
31%
28%
31%
11%
11 %
11 Va
*11
11%
11
11
*11
65%
*64
65%
*64
65%3i
*64
31%
31%
52%
1,400
Va
<S H)
-4
Kress
4
32% Sep
30
24% Feb
26
32% Nov
6
100
9% Jan
4
.—100
& Co
23 Va Jan
..No par
Kroger Grocery & Bak
26%
35% Apr
,_No par
1,300
1,600
;
Jan
1% Jan
34% Jan
32
4%.
Dec
29
par
32%
*4%
Jan
15%
7
31%
*51 %
Jan
11% Apr
Jan
31%
■
Dec
37%
25
300
4%
9
105%
2
32
35
Jan
17% Jan
Dec
Jun
15Va Jan
*31
Sep
Dec
14%
Jan
par
32%
:11 %
103%
May
100
Apr 24
'8
20 v4 July 15
34
July 15
6% July 26
102
113
Jan
4%
16% May 11
-7
Keystone Steel & Wire'Co..
—: .-No
ll
29
700
%
Jan
7
93% July
10% Apr,
Jan
18,900
4
100 %
81%
28% Jan
19%
_No
24% May
8% Jan
1
———i-
Kendall Co $6 pt pfd A—.—No par
-No par
30%
*
Dec
14% Jan
19%
*31
Feb
—1
A
cl
30%
4%
11%
:pfd_100
conv
conv
19%
52
Apr
13
30%
32%
6
12
30 Va
*4%
13
2%
20
*19Va
52
104'
May
Nov
Sep
19%
4%
Jan
Oct
6
29%
Dec
30%
52
Sep
16
Nov
19
*4%
17
Oct
7%
17
30%
*51%
29% Apr
124
Jan
115
19%
4%
Mar
103% Feb
30%
52
Feb
117
11% Jan
19%
4%
13
5
9
8
5
—100
—
30
51
Dec
23
Aug
10% Apr
127
7% Jan
—1
19%
*28%
11%
400
112
20
7
31%
1,400
14%
30%
23%
23%
13%
115
103 %
21%
.,No par
City Southern-.
non-cum preferred— •——100
30%
51
*50%
13%
*112%
21
14%
17
*109%
■3,700
121
City P & L pf ser B— ,_No par
Kan
Kansas
Kennecott Copper———
*31
32%
4%
*108%
21 Va
6%
*14
21
*16
17
6%
30
123 %
19%
,
19%
■
*16
110%
*107
20%
20%
17
*120
6%
6%
6%
*17%
18
121
•
24 %
Jun
1%
Jan
2%
30%
Sep
40%
Feb
Mar
22%
Jan
Jun
3%
Jan
2%
Feb
19% May
27
Jan
22 Va
Apr
29 Va
Jan
Apr
13
L
'
.■'
*64
66 %
*64
28%
29
28%
28%
28%
28 Va
28%
O
28%-
17%
*17
17 Va
*17
17 Va
*17%
17%-
38 %
*37
38 %
*37
38
*37%
8%
22%
22 %
22%
*111%
9.
8%
22%
112
9
22%
23
22
112
112
112
4Va
4%
4%
4
4
1%
1%
1%
1%
112
*110
4
1%
1%
8%
Va
8%
22 Va
<"8
11%
65%
*17
*37%
*64
65
V 5%
29 Va
Lambert Co
29
17%
*17
*37%
1%
*22 Va
112
112
'•<•111%
4
4
4
4%
1%
16%
16%
17'%
17
17%
16%
16%
30%
30 Va
30%
29%
30 Va
30
30
11 %
16%
x29%
Lane
1%
17
29%
1%
16 Vs
*29%
in>r.o
22 Va
3,000
113
4%
Co
St Louis
preferred
(The)-
—No par
No par
Bryant
—5
Lee Rubber & Tire
.«%
23
*30%
2,700
38
"Va
23
*16
170
17%
38
•
112
3%
Gas Lt
11%
29
28%
38 %
*16%
•'*37
Laclede
*11
160
2,500
Lehigh Coal & Navigation Co.-No par
Portland Cement
conv preferred
Lehigh
4%
!
Lehigh Valley RR——
Lehigh
1%
3,400
17%
6,600
3%
30
1,300.
Lehman
Valley Coal—
preferred
conv
Corp
No par
50
1
—5
(The)
*18
18 %
18%
18%
18%
18
%
18 Va
*18 V4
38
38 %
38
38%
38
38
38%
38%
38%
38%
38 %
38%
1,000
Lerner
41'%
41%
41%
42
41%
42
42 %
42 %
42
42
41%
42 %
5,100
6%
6%
6%
7
6%
6%
6%
6%
67/a
7,900
Libbey Owens Ford Glass—_No
Libby McNeill & LJbby
38%
*37
Fnr
footnotes
*37%
see
38%
page
2595.
*18'%
*37
6%
38%
*37%
33%
6%
*37%
18 Va'
6%
33%
*18%
38 %
18%
38 %
200
100
Lehn & Fink Prod Corp
Life
Stores
Corp
Savers Corp
25
100
50
No par
par
7
—5
'
4
'7
11% Jan, 7
26 Va Jan
27
8% Dec 23
20
Jan
4
107 V2 Jan 27
2% Jan
2
iiSJan
2
'11% Jan
6
24
Jan
12
14% Jan
6
23% Jan
8
31
Jan 12
5
Jan
2
30
Jan
4
16% May 21
Oct
19
29% Jun
1
19% Jun
18
39% Oct
30:
Dec
7%
May
21Va Apr
41%
Sep
11V2
18
Dec,
20'
73
9
29
July 17
120
July 20
8% May 19
2% Jun
Jan
V. 8% Mar
15 Va
Apr
18 Vs May
28
23 Va
Dec
Jan
Aug
104
2%
113
Jan
Jun
4
Jan
1%
Jan
n Dec
1
11% Dec
8%
Jan
15Va Aug
July 14
17%
Apr
25
22% Jun
26
11%
Apr
14% Aug
38% Dec
23
18
Apr
26%
20% Jun
32
5
Dec
Jan
33%
Dec
17
4
Mar
5%
Jan
July 26
20
Mar
43% July 15
8% Jun
41
Dec
20%
33
Jan'
Volume 158
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
LOW
AND HIGH
Monday
Dec. 18
$ per share
$ per
Thursday
Wednesday
Dec, 21
$ per shore
STOCKS
SALE PRICES
Tuesday
Dec. 20
Saturday
Sales for
Friday
Dec. 24
Dec. 23
Dec. 22
$ per share
NEW YORK
the Week
;
(
$ per share
share
Shares
$ per share
64
65
27%
,,40%
■
27%
.19%
19%
',,14%
58%
14%
'58%
20
19%
,
*36
58
29%
*28%
,29%
17%
17%
17%
.17%
17%
,
68%
*25
25y8
19%
14'/a
14%
58'A '
44..
43%
8
58%
43%
,
44
28%
28%
17%
17%
;
,.
;
.
28%
28%
Jun
32%
Feb
25 %
Nov
4
15% Jan
6
21% Jun
Loose-Wiles
—No par
Cirp—
44
42% Jan
37'/a Jan 11
6% Nov 27
25'
Biscuit——
18% Jan
16% Oct
7
155%
155%
20%
20%
>20%
21
300
68'A
68%
68%
69
800
Louisville j& Nashville- .—100
25 %
25 ya
26
26
*25
*25%
26
200
MacAndrews
*135
138
*135
34
*34
31
Oct
37%
12%
Oct
16%
Deo
24%
Jan
Jan
46%
Deo
Jun
42%
7%
Dec
19 %
Nov
15
28
21% Jun
148% Jan 12
15% Jan
6
59% Jan
8
.
May
11 'A May 10
13
5
Mar
11% Apr
128
163% July 22
22'A July 19
/
Dec
31%
64% July 24
51% Jan
6
—No pat
7
Jan
37
.
—No
par
No par:
Jan
74%
177
9% Jan
11% May
14% May
253a Mar 29
1'
73%
2% Mar
26
12% Nov 29
—
68%
90
22%
19
Long Bell Lumber A-
155% 155%
23% Nov
12% Jan
21
*20%
Apr
34% Jan
Lone Star Cement Corp--.
5,800
v
16%
par
68%'
*155
21
17% 7 17%
;
Apr
No
67%
155% *.
:
Apr
May 27
43
July 20
21% July 27
67%
17%
156 '
17%
.
50 '/a
164 Va
73'AJun
7
1,900
v
8%
4
182'A Aug 19
28-Ti May 27
,
.
Jan
4,500
500
58%
44
8
8
Apr
24
par
Highest
S per share
5Q%
No par
Lockheed Aircraft
Loew's Inc___
19,400
2
Dec
July 15
4
Liquid Carbonic Coim
800
;
71
Refining^CO-*—, >„~No par
Lion Oil
,
1
t per share
22 % Jan
Corp
3,600
58%
:
.58'A
29%
*28%'
19'A
14% V 15'A
'7%
8
1,000
15
14%
43%
100
20%
No
171
Year 1842
Lowest
J per share
62% Nov 30
100
Lima Locomotive Wks^.Link Belt, Co_._-„_„^^_.,
2,800
36%
*20'A
19%
19%
*19
57%
,
17%
*20%
67
.
19%
29% /
155%
20%
67
20%
—_25
-
—
Lily Tulip Cup
38%
>36
36%
>20%
Series'B—
...
Dec
62
,
Lorillard (P) Co—— —-—10.
7% preferred—
100
Louisville. Gas & El A— —No par
156%,
20%
36'A
20'A
'
8%
*28%
,*155
37'%
44-
*28%
20%
•
I per share
Par
,
-Preferred
!0
27%
38%
20
19%
7%
8%
156%
.39%
.
*27%
3,900
7
,174
27%
*36
58'A
43%
44
*68
*39
14%
58%
43%
.19%
'■'14
■
7%
*20%
39%
37%'
7%
*155
*27
20%
58
,
44
27%
39%
*20
'?7%
•
*27
174
Range Since January 1
Lowest
Highest
Liggett & Myers Tobacco- -—25,
1,700
66%
66
66
.175%
■
,
66
66,
'
19%
14%
14%
>174
40%
20%
*36
20%
40%
175'A
'
41%
37%
40%
65%
*174
27%
66
66
66
65'%;
65%
*27
.
66
65%
•,
)
•'
'
i
,
176'%
#27-'
,
37
20
44
65%
*174
176 %
41%
*36%'
65%
*174
176
'*26%
.
65%
65%
64%.
65%
*174
65%
,64%
Range for Frevion*
STOCK
EXCHANGE
'
64
2591
79
May
16% Nov
153
11% Apr
65'A Sep
July 24
29
Mar
Jsn
Dec
18%
Jan
76%
Jan
M
*135
33%
27%
15
14%
16
15%
16%
27%:
*275
*290
330
7%
6%
14%
14%
16%
*15%
'
7
6%
18%
7%
•11%
18%
,7%
*10%
*17%
18%
,
-
138
27%
•34
,
27%
14%
15'A
15%:
330
*290
7%
7
"7%
*290
"
.
i
3,200
330
'
t
7
'
11%
19%
19%
.
Manati
10,900
.
*10 /
19%
July. 22
28
Jan2
par
19% Jan
2
10
Jan
4
15
15-
Nov
17
-50
315
Nov
29
-NO
2%
6
6
12%
12%
"•
14'
16% '
4%
".
4%
*38
4%
4%
'4%
27%
20'%
21
21
21
176
*170
176
'21%
176
4%
Exploration-
Corp—
5:
107%
,
34
34
*33%
33%
4% !
4%
.
34%
112
*107%
107%.
5
*
.
*33%
34
27%
*170
53%
4%
4%
47A
*33%
*33'A
34
112
18%
19
16%
16%
200
20
,
'
19%
16%
*iii
19%
16%
16'%
112%
28%
28%
28%
28%
16%
*111
19%
18%
19
16%
112%
*111
113
*27%
19
19 %■
16%
*19
16'A
■
.
16%
*111
112%
28%
28%
28%
28%
500
*14%
14%
500
47%
100
24
*23%
24
3,000
*10%
11
300
23%'
24%
24 %
24%
24'/a
24%
10%
10%
*10%
11
10%
10%
*10%
*112%
114%
♦112%
*112%
114%
*112%
68%
68%
8%
8%
8 %
8'A
80
80
71
69
69 '/2 ♦
32%
68%
31%
8%
8%
77
77
;■
68%
31%
114%
8%
8%
79%
33
68%
*112%
114%
8%
•77
24
32
32
.
11
114%
8'A
*79
83
68%
69
31%
31%
*8'A
8%
36
68%
80
68%
600
'
'*,32':
■
8%
8%
*35%
*35
28
*26%
*8%
36
36
27
27
29
26%
27
26%
26%
27
27
27%
.
•
36
*26%
28
26%
8%
8%
8%
36
36
*26%
:
36
*31
*35
28%
31%
*8%
8%
7
*27
/
6%
27%
,28%
6
A.
28
/ 57A
■
27%
27
27%
-
28
27%
.27%
27
117
*116%
116%
117
*116'A
117
*74%
,.75
74'A
27%
75
74
108
*106%
108
*106
108
*106%
108
*106%
108
*10G%
*109% 114
*109%
114
*109%
114
*109 %
114
*109'A
114
6%
7
6'A
'
*73'/a
.
74%
74%
6
60
Jan
27
Feb
8%
108
Steel
,'7.•
■
*93
92
93
93
93
19%
19%
19%
19%
i%:
1%
1%
7%
.?■
7%
*107
108
44
*117%
15%
16
35'
27%
,4
*33%
21%
15%
27%
,
28,
3%
4
*68
69
20
*19%
20
•
78%
78%
113
115
115
*115
9'
*8%
76
75
75
117
*115
117
76
77
*116%
120
107%
*107
10S
50
43%
,'
,
44%
44
34%'
34
21%
22 %
2i% '22'A
15%
15%
15%
16
16-
*34
•
•;
27%
,
*3%
■
•
4'
100
'
15%
Morris
3,680
4,600
Mueller -Brass Co———
1,500
.4
*68
70%
*19%
76'A
*75
76'A
*75
76 'A
40
'■/
.
8%
9
8%
8%
117
8%
*114%
8%
117
115
115
8%
8%
200
*42
43
*42
42
*42%
43
43
20
'
300
Murray Corp of AmericaMyers (F E) & Bro——;
200
8%
8%
43
♦42%
4-2%
Dec
7
16% May
88% Apr
35% Jan
103% Jan
July 10
76% May 6
110
Apr 21
Feb
19
113% Feb
4
2
8% Jun
10
23%
Nov
59 'A
1% May
57'A Jun
Oct
108 %
Dec
*107% May
Jan
17
98
13
25
2
July 23
July 10
3% Mar
108
111
3%
*
8% Apr
yA Jan
-4
66
Mar 1-9
110
Apr 29
112
May
May
114% Aug 24
50
102 %
Apr
23% Apr
28% Dec
July 14
8
39% Oct
Jan
5
27% Jun
7
9 % Jan
7
17
Jun
5
12
18% Apr
7
21% Jan
8
31% Jan
13
31
6
Oct
Dec
4%
Oct
Oct
18
Oct
91
May
119:
121
1
24
Dec
Oct
67
Mar
14% Nov
1%
1% Jan
12% Feb
6
5
92% Jun 30
33% Jan 14
Jan
117%
120
Feb
Oct
110% "Jan
34%
Dec
48% Mar
12% Dec
6% Jan
Mar 29
29% Mar,
9% Apr
20% Aug
12% Nov
11
Oct
25%
Jan
3%
Jan
7
Jun
3
2
Sep
53
Jan
7
77
Jun
25
50
Jan
63
Feb
15
Jan
5
23% Jun
26
11%
Jan
17
Dec
69%
Jan
2
2% Jan
—^1-
108% Sep
4% Jan
6%
Nov
27
30% Jun
39%
Feb
1 % Feb
11
7
44
12
34'A Jan
Feb
15 '/a Jun
Apr 13
111
July- 3
5% Jan
2
No par
49
79% Sep 22
117
Aug
4
,11% July 19
62
—10
—
19%
21
>
Nov 20
Nabco
3,000
•
42%
Jan
106% Nov 26
$7 preferred————, *l-No par:
No par
Munsingwear Inc——.
—No par
Murphy Co (G C)
.—100
4% % preferred
20
7%
30% Sep
75'A Dec.
I—II1
Mullins Mfg Co class B—
4
-
Jan
Apr
31% Jun
11 % Jan
800
Oct
30%
5
117% Dec 22'
.—No par
27%
33%
24
Apr
Dec
12 % Mar
% Jan
——50
Essex—---
*27
20
"
&
600
69
8
11% Apr
»A
*19%
6
30% Nov
16
*68
21
4
Motor Products Corp
Motor Wheel Corp
69
Oct
1
12
*16
'
27%
'
34
.
Oct
29
13% Jan
No par
series C—.
Montgomery Ward & Co-. .—No par
Morrell (John) & Co
.—No par
7,400
Jan
22% Jun
64% Jan
$4 preferred
,
Feb
128
Feb
113
Mar
6
107
'
Jan
May
72
3% Jan
Preferred series
30
7 %
77
32
17% Jan
-10
108
Dec
107
—No par
No par
B„—,
Dec
7% Jan
Jun
32% Mar
18% Jan
—
Dec
15%
Dec
—100
preferred series A—
Mills— ,——20
preferred
Nov
4%
No par
$4.50
•
42
7%
.
30
113
20
*68
:
43%
4
*74%
*114'A
Monsanto Chemical Co.—
29%
107%
27%
>19%
2,800
7'A
■
29%.
■
*76
4
20 Va Jan
.—No par
preferred—
Corp-/————— ——10
Dec
9%
39
20'A
6
3
106% Jan
Mohawk Carpet
;-7::'
,
•
'
;
120
34%
*27%
;4
3,900
600
7%
79
16
69
69
*19%
20%
♦
•3
Mo-Kan-Texas RR——
29%
*116%
21% .22%
15%
28
28
Mission
1,900
95
*92%
114
*15%
16
3,200
1%
*77%
117%
*337/8
$6.50
18%
*112'A
,
44
16%
*16
3%
3%
V
69
43%
400
18%
,1%
7
108
15%
16%
117%
*107
22
15%
*34
■'
,
Jan
58
Oct
Jan
Jan
24%
'
Minn Moline Power Impl-
5,500
1%
29%
114
>6%
6%
108%
55
,12'A July
42
July
5% Jan
.——100
18%
95
18
•*1%-
79%
78%
6%
*92%
■
30
114
35
22%
15%
16
.
44%
107% 107%
43%
43%
16%
22%
4
78%
116%
120
22%
34%
15%
,
*29%
78
6%
7%
7%
7%
30
*114
43%
22
69
1%
78
,
*34
*19%
18%
1%
114
44
:
7
30
*117%, 119%
108
*107
119%
27
93%
18%
1%
78
116
*117%
'
*
114
77%
77%
*114
■■■;•
29%
93%
19
1%
7%
29%
7%
30
30
6%
94
■
19
1%,
6%
6%
-
Dec
93a Apr
2
23% Sep 24
26- Jan 13
Minn-Honeywell Regu—
No par
4 % conv pfd series B——-L-100
4'A % preferred series C
100
.
Nov
34% Apr
-
-
25
Apr
X5% Nov
64% Oct
•78% Sep 27
34% July 8
15
9
4% Jan
Products——No par
1st preferred
cum
22
Oct
94
26
Jan
101
5'/a Jun
6
Feb
Jan
3% Nov
9% Jan
11% Sep 18
115 % Aug
4
89
Midland
46%
Apr
6% Jan
8
28
10% Apr
conv
176
14
99% Aug
2
9
Dec
May
25% Jun
13
Jan
25% Nov
29% Jan
14
101
—
6%
34 %
7
10
27%
6% Jan
Jan
12%
29
Sep 30
16% May 19
•
Oct
Jan
Mar
14% Jan 27
(The)—
.__1
1st preferred————50
11%
12%
9
50% Apr
8% Jan 11
Copper.
-—-5
Mid-Continent Petroleum————10:
300
13% Sep
76
Jun
Jan
Jan
26%
Apr
7
13
19% Jan
"
6%
113'A Oct
Jan
4
50
•
22
17% Sep 21
38% Jan
Miami
700
.
"
Oct
11'A Jan
Merch & Min Trans CO—.—No par
Mesta Machine Co-—,
—— 5
*109% 110
•106%
74
■
36
110
Deo
Nov
3%
1% Jan
Sep 29
22% Aug 18
10.4
Apr
31
7% May 29
24
5%
4,200
%
162
Jan
2
Jan
Aug
19 % July
Aug 23
Sep 13
12% Jan
preferred———100
1,600
26%
5%
"
*73%
*73%
60
'
*27
117
*115%
114%
114%
727 '
27
28
27%
29
116%
".75 »
28
28%
28'/a
28%
28%
*28
*114
6
176
2
Feb
110
1,200
'
6%
6
6%
6%
6%
*6
7
July 17
Jan
conv
1,800
28%
July 14
May 27
27% Mar 26
Jan
16%
Jun
19
.
7%-Jun
21% Feb
X6%
Mar
32
2% Jan
4%
May
May
8% Apr
17% May
3 Vo Sep
22% May
5
100
5
43% July 16
-
1
11
Jan
;
27% Jan
2% May
ll'/a
%
2%
4%
18% Apr 15
Jan
Stores Co———-j—1
Mengel Co
'700
26%
26%
700
'
36
>35%
■
29
26%
,
*31%
24
$5.50 pfd ser Bww——-No par
Melville Shoe Corp—-1-
1,600
.
xl7
9
67% Jan
6%
8'A "
8
*75
2
Jan
11
Mead Corp—--—No par
$6 preferred series A_
No par
114%
*112%
'■>
83
McLellan
5
Jan
Mclntyre Porcupine Mine3—5
McKessori & Rob bins Inc.-——,
18
24%
Jan
37
McGraw-Hill Pub Co——No par
*46%
23%
*47
6% July 13
8% Jun
165/
v
—1
*28%
15
47%
8%
McGraw Elec Co_„
28%
47%
*28%
47%
81%
>
112%
*14%
14%
48%
8%
*111
2
197A Nov 26
,
McCrory Stores Corp————1
5% coiiv preferred w w——^100
*47
14
*47%"
«77
1,100
14%
14
48'%
*10%
16%
4% July 14
22
'
48
14%
14%
*47%
U
McCall; Corp—
,16%
112%
*111
*13%
14
1,200
27
31% May
,
-10
19%
12
Sep 23
19% Apr
5
3Ta Jan >5
:
par
.100
19%
'
8
97A Jan
Maytag Co—/—-—--No par
$3 preferred———-——No par
$6 1st cum preferred———No par
1,900
34
112 /
*107%
•;
900
"
~No
Wks——.
2
9
—1
7% preferred—————
May Department Stores—.
176
,
53%
*107%
Mathieson, Alkali
*2,700
4%
.
Master Elec Co—,
1,700
>
53%
-
112
400
;
21
>20%
176
.
2
14% Dec
\
Martin-Parry Corp—„ No par
Masonite" Corp—
No par
'1,600
-37%
27%
*52%
4%
*107%
4%
.37%
.
21/
*170
'
11,200
Jan
13%
Dec
Mar 15
3% Jan
Market St Ry 6 % prior pfd
.100.
Marshall Field & Co——-No par
Martin (Glenn L) Co—
2,200
16%
•
V/;' 4%
4%
-1,890
•
14%
16
Midland
21%
Apr
9'A Nov
19
1% Jan
—5
Marine
Jan
Jan
17%
6
6'A Jan
.
23%
131
35% Jan
22
3% Jan
—1
14,500
12%
■
.14%
Maracaibo Oil
100
6'/a
;
-.12/.,-
37%
20%
6
;
16%
*27'A "28%
„
53%-
53
53%
*53%
53%
4%
.
*170
176
53
53
;
4%'
38
*27%
•
14'A-
■
37%
*37%
20%
*170
112
15%
27%
20%
*33%
14%
16%
38
20%
*107
12/
"14%
27%
'27%'
«4%
12%
14%
38
27%
53
ii%
7*2% •3,,"; '.
'
'6
12%
'
.
15%
38%
27%
*170:
6
'
*37%
38%
27%
.
6
3
>2%
14 *A
12%
4%
4%'
:4%
>.
3
; 5%
,
.16%
14%
16
16%
16%
*2%
.
■
6
12%
12%
"14%
12%
-
14%'
16%
3
6
'.6.,v
5%,
14%
*2%
■
-■•3
,*2%
,
320
Deo
26% Dec
14'A Jan
.•
par
-25
—,
Dec
24% Mar
Apr
122
30% July 15
par
1..'
Sugar Co—
15 y8
6
138% Nov
8
37 'A Jun 28
-10
'
2%
8
133
par
No
Manhattan Shirt———,
,400
20% Jan
.100
u,»A
Mandei Bros—
100
,
-10
Forbes—
Macy (R :H) Co Inc—r—-, .No
Madison Square "Garden——. .No
Magma .Copper—
Mahoning Coal RR Co—
800
15%
&
preferred—--.
Mack Trucks Inc——
4,500
2,400
:
14%
-
.
.V .,7
11
19%
6%
27%
-
15%:
r:
7%
"11
12
19'/a
19 %
330
:
/
34%
-
*14%
14%
%
''
138
*135
>34%
27%
-
16
*10
11%,
18%
v
1
26
'
15,
*290
330
*290
.♦10%
11'%
*17%
27%
'27%
27%
15%
«■'
330
'
*10
:
■'
33%
14%
14%
15%
33y8
27%
•27%
*14%
27%
138
*135
34
33%
33
•
138
*135
138
32%
25%
*25%
May
113
Dec
N
"■
'
v*%
1
-%
,*%
%
■
11%
9%,
12
12
11%
28%
28'%
28%
28%,
28%
13 %
13%
13%
13%
13%
13%
b
9%
9%
.
% /
11%
11%
10%
II
13%
9
1,600
9
National
9%
10
20%
"20%
20%
20%
20%
10
10%
10
10%
10
■20%
*19
*167
8%
8%
8 Vh
29'%
29%
10
10
20%
20%
Nat Automotive Fibres .Inc—u-—-1.
*9%
10
29%
200
500
Nat Bond & Share Corp.—No par
10
2,000
.
20%
20%
168%
168%
9,100
29%
12%
*12%
12%
20
20
20%
*12%
19%
20%
14%
14%
14%
14%
14'A
14%
12%
*11%
11%
11%
117A
34%
34%
33
34%
32%
>26'A
28 s
20%
14%
14%
,
12% -12%
34%
27
27
*11%
.
34'/a
.34%
.
26%
27
28
*26'A
9%
*84%
x9%
84% ; 84%
86%
19%
86
9%
85%
87
20%
19%
19%
8%
9%
,20%
9%
9%
9'A
;
86%
/
National Cylinder Gas Co.—/—T.
20
14%
14%
Nat Dairy Products———-No par
National Dept Stores
No par
2,400
*26% K 28
9'A
9%'
•
87
'
12%
*
,
;
9%
,.
86
5,100
.
86
120
19"%
20%
.
169
* 169
*168
141
*139
141
18%
*28%
18%
28%
"
-29
28%
6%
55%,
•55%
12%
13
25%
.6%
•
25%
6'/a
;
13 V4
29
6'/a
57%
13
19
19'A
,29%
29%
,
6
'A
\
'
12%
26
'
25%
-
>
25%
25%
25%
.
'
V
29
•
575A
12%
25'A
6,260
19 %
■■142'.
■
•19'A
6%
57%
,
25 >A ■
'
25%
*140
12%
58%
~7l9%
>167% -168%
141'A
,6%
,
"12'A
-
141
29
6%
12%
141
19%
58'A
57/
19'A ;v-i9%~
*167% 168%
168%
;
19'
29
29/
6%
57 ;
56%
12%
•
v
141
■
"
'-6%
168
-
18%
18%
19%
*168'-' 168%
141
*139,
19%
19%
169
*139
■
;
"•
29
6%
.6%
57% ;■ 57%
-•12%
12%
;
,
;
/
,
,25/
25%
"85%
'•4%
5
9
9
,79%
85Va
5
5''
,
.
*9 '/a
79%
79%
.
80
80
.
•,
'
/
9%
:
84% : 84%
•5,'A
'■5%.
85
*84%
85%;
5% '••;5'/a
'
.9%
9%
80
80,
*84%
5'/a
,5%
9'A
9%
*9%
•
■•>79%
V *84
;
.
9%.
"14
,14%
:
13%
14
13%
13%
13%
14
13%
.
13%.
13%
•
*20'/3
20%
*96
100
21
'
100
„
21;
*96 '
21
20%
*96
100
*20% .21 %
20%
*96:
100
'
111
111
55%
55
*53% •54%
112
*110
*54%
57
*110"
III
;
*54'/a
110
110
"
*108
III
*108
,
•
30%
30%
30%
30%
29
17%
18'/a
17/a
177/a
17%
177/a
12%
12%,
96%
12'/a
12%
96
96
29%
29%
18
12%
*96
12%
97-
For
footnotes
*96
see
page 2595.
*
29%
17%
17%
*29
;
17%
160.
137
26
Sep
14'/4 Mar
3% Apr
18
Nov
Dec
60
72
90% Nov
3
20'A Dec
10
178% July 13
150
Jun 28
.
Jan
11% Apr
9% Nov
6"%
Mar
16% Jan
145
May
168
129
Mar
146
Jan
Jan
500
21,500
3,400
29%
36
2% Jan
2
Jan
5
64% July 14
2
15% May 28
l'A Apr
43% May
4
May
28% Jun
2
9% Jun
80'A Jun
1
45% May
88
Jun
2
51
^
;
1,200
;
/
.
20
'
1
1,600
'
600
3,200
500
•
'
400
20
-
.29%
-17%
2 '
Jan 13
Jan
6
; 17% Apr
Jan
13%
110
4
Jan
14
3
17
36
'
30
18
12
Dec
Dec
29% Sep 30
11% Jun
4
17
4,500
'
29%
12
36
,
Nov
100
>54% ..'56
•55%
Jan
8% May
Dec
15% Aug
7% Nov
27
"
55%
57
*96
% Jan 15
70'A Jan.
preferred'A————/100
preferred B————„——100
Dec
National Oil Products Co-!——*.4
,
.21% V 21'A
■
ioo:
'
12% Apr
4% Jan
9%
17% Mar
-
20%
*96 '
217/» July 23
15% Sep 20
5%. Nov
20
13% Dec
270
>9%
•9'A
•'
13
•;
May 27
'
'
■
Jan
22
80
85%
5%
3% Jan
14% Jan-13
'
■' * 5 %
6%
11
Nat Mall & S\,'I Cast Co,—rNo par
'
79 %
*84%
80
*79%
*85
.
Oct
Deo
2,500
; 19%
.
7%
-
Oct
16%
6% Jan
6
National Lead Co—————18
70
90
,
9%
Dec
Apr
6% Sep
17
•
•
8%
Jan
14% May 10
9% Mar 16
Stamping——^.-No par
National Gypsum CO—————1
$4.50 conv preferred/—No par
Oct
5% Nov
16%
12%
20
Oct
166'A
4
2
x25% Jan 14
Nat Enam &
400
7
19%
May
May
9% Jan
14% Jan
.
3'/8 July
29% Nov
13% Aug 23
preferred-————.10
6%
14,900
13
140
3
Nat Distillers Products——-No par
400
33'A
.
.
Oct
12
"
19%
-
'
'
18% Jan
•
29% Dec
5
4
514 Jan
National Can Corp—/————10
Nat Cash Register
——No par
National Container———————1.
7
July 16
14
Sep
Dec
16% May.
13'A May
3
Apr
5% Jan
6 % May
21% Jun 24
10% Sep
9
12
16% Nov
3,100
,.
23
176
Jan
7,900
12%
13% July
8% Jan
15% Jan
162.
300
•'
:
'
12
*11%
12
preferred
1,600
29y8
.
conv
5,000
8'A
.
*11%
34%
27'A
19%
,
18%
8%
29%
12%
14%
347/a
*84%
8%
29%
12%
12%
*12'A
*11%
9%
18%
-*8%
,
12%
20%
12%
,34%
27
*17%
.
8%
29%
12%
12%
12%
8%
29%
12%
12'A
20
12%
''
19
12%
12%
*12
12%
.20
14%
8%
29%
.
18%
*17%
29
19% Apr
1
11% July 8
12 Va July 14
8'A Feb
6%
I
3% Jan
40% Apr
5% Jan
——10
National Aviation Corp«——-—5
National Biscuit .Co—
—10
7% preferred!——————-100
20%
*167
...
2
-
Dec
13
1
400
168 %
20%
170
*167
29%
8%
8%
29%
•
*12
18%
18'/a
19
18%
20
;
167 %• 167%
168'%
Go———:
2,100
'
168'%
Acme
9
11
'
*167
23'A Jan
11
9
II
6% Jan
Louis——100
Nashville .Chatt & St.
120
13%
% NOV 29
Liquidating Co
No par
Nash-Kelvinator Corp——.——5
24,500
29%
13%:
*10%
12
*28'A
'
11
%
;
29%
13%
9
%
12
'*28'A
-
it:
9
9%
9%
9%
11
*10%
11
*10%
*
.
V
12
28%
14
14
11%
29%
11%
*29
"11%
%
3,700
(
2,600
12'/a
12%
12%
12%
12%
12%
13,400
*95%
96%
*95'A
96%
*95%
96%
200
•
National Power & Lt———Nonpar
National .Steel Corp-——.——25
National Supply (The)
——10
$2 conv preferred——-,-——46
*5'A% ; prior preferred.:
-!10D
prior preferred
-106
National ,Tea Co-—/—/—No par
Natomas Co—
—iNo par.
Nehi Corp
No par
Nelsner Bros Inc—
—_____1
4% % conv serial preferred—_10Q
Newberry Co (J J)_
No par
5% preferred series A—
—100
Newmont. Mining Corp—;
—10
Newport Industries.
— 1
Newport News Ship & Dry Dock—1
$5 conv preferred—
No par
Pa
——
—
—
52
5% Jan
•
14% Jan57
Jan
4
5
62
Jan
2
2% Jan-
2
6
5
Jan
9% Jan
16
,
Jan
74% Jan
37
Jan
10'A Apr
2
12
1
8
Feb
Feb
4
5
4% Oct
9%
Feb
5% Mar
II
Jan
9%
Dec
17
70% May
28
Apr
75%
Sep
39 %
Dec
110%
Dec
1
17
Aug
5
8
25
21% Mar 30
102
May
Oct
Jan
16% Feb
70
-57%, Sep
37% Apr
19'A Oct
Jan
63
25'A Oct
10% Jan
6%
May
19% July 14
114:
3'/a
54
'Nov
2% Mar
98'A Nov 10
11
Apr
8
7
4
26% Jan
12%Dec
7% May
4
106% Mar 31
94% Nov
7% Jun
4
7
Jo
104
Mar
22%
Apr
7%
Apr
30%
Oct
Dec
Feb
11**' Jan
15% Dec
2»-)*
Jan
93% Dec
109%
Jan
NEW YORK STOCK
LOW
f
per
Dec. 21
$
I per share
share
<
shau
per
36%
36%
37
37
15%
16%
15%
16%
15%
15%
20%
20
20%
64%
64
65
19%
163
61%
15%
15%
19 % '
19 %
61%
62%
61%
62%
60%
62%
23%
23%
23%
23%
24
23 %
23%
*23%
23%
23%
23%
12%
12%
12%
12%
13
13
*12
*30%
32
32
*131%
132
*31
33
31
31
*131
132
132
132
i
52%
n
%
%
2%
2%
%
•
*
13%
13
*30%
33%
131%
*128%
:
121
16%
*119%
17
128%
53%
'
2,600
'..16%
53%
*52%
*52%
53%
8%
14%
*112%
113%
*112%
17
16%
33%
54
52%
52%
*52%
54
52%
52
52
*51%
52%
200
8V8
8
8%
8%
21,800
101%
*101
101%
*101
*112%
*101
14%
14
*112%
17%
113%
17%
40%
40%
13%
4%
*4
4%
*4
4%
40%
*39
40%
*39
40%
14
*13%
14
18%
18%
18%
18%
18%
46%
46
46%
46
18%
18%
151
18%.
,
18%
19
19
101',
'
18%
1,000
9%
21700
18%
18%
'
470
102
'
*150
151
*150
*
151
*150
151
*150
32
32
*32%
34
*32%
34
*32%
34
64
*61
64
*61
b5
*61
64
*61
39^500
*8%
151
•*32%
—
100
34
59%
60
59%
59%
58%
58%
58%
59
58%
58%
58%
11%
11%
ii%
11%
11
11
ioy8
10%
10%
10%
*10%
11
8%
8%
2,700
59
Feb
26
May 22
10%
Jan
15%
Jan
4
13
Dec
21
May
6%
Dec
2
32% Dec
14
12%
Apr
16%
Dec
132
Dec
20
60 %
Dec
110
22
132
Nov
1
Feb
28% Jan
6
54
Dec
18
Jan
a an
2
1% Jan
A Jan
par
6% Jan
16% Jan
63% Jan
7
Jan
100
•
44% May 29
20
May
23%
Dec
2% Mar
as
Jan
4
6
Mar
%
Jan
4
1% Mar
%
Jan
12%
Nox 30
26% May
Jan
38
113
Jan
23%
Dec
Mar
192
108
Mar
116%
Sep
6% Mar
11%
Nov
4
Apr
52%
Jan
39
Apr
53
Jan
jun
8
8
9%
Dec
14
2
85%
Apr
96
4%
Jan
8%
116% July
6
7
100
Apr
110%
23% July
8
8
Apr
17%
Apr
38
14% Apr
Central Ry Co————50
Northern Pacific Ry—
100
Northern States Pow $5 pfd.No par
Northwest Air Lines
—No par
Northwestern Telegraph
,—50
Norwalk Tire & RubberT_—-No par
Preferred
———
.—.-50
7% Jan
2
18% May
Jan
2
15% Jan
19
101
Dec
31%
41% Aug 18
6
Jan
x3% Jan
14
31
6
1
Jan
20
July 22
Feb
6%
13
21% July 19
6
50% July
2
.9% Dec 24
17
59
142
No par
46
7
28
Dec
9
10% Jun
7
Jun
2
154
Jan
Sep
15
Deo
30%
Dec
6 %
Jan
Jan
2%
79
Jan
Apr
.•>4 %
Jun
'tea
Dec
Mar
143 %
38
Apr
22
67% Oct
Sep
12
64
Jun
48
43%
18
54% Jan
27%' Dec
Apr
57%
Dec
xl6%
8
Jan
Apr
42
15
July
12%
11% Mar
132
28% Jan
12.50
Apr
Jan
Jan
2%
,21%
105
Jan
3% Jan
Dec
Oct
11% Jan
Apr
14% Oct
15% Jan
3%
Jan
29% Jan
69
Sep
Dec
Mar
10%
6
o% Jan
Jan
34
15
45
Jan
Nov
7% Sep
Jan
8% Jan
Oppenheim Collins—,—,—No par
Otis Elevator——;
No par
6% preferred—————100
Outboard Marine & Mfg—
5
Jan
39
6
Glass Co—
30%
Apr
143
29
Owens-Illinois
Jun
15%
•
Nov
Nov
'
Oct
19
July
91 % Jan
—2.50
%
■
56
48% Jan
36
Oct
Sep
'
18% July 21
56% Jun
4
49% Jan
107 \
U
2%
\
192% July 14
Jan
9% Jan
8
80
122
-162% Jan
''
Feb
54
23
—1
Co——
4
109
101
—50
preferred
non-cum
Outlet
64
*61
51
5
par
Ohio Oil Co—
No par
Oliver Farm Equipment—No par
Omnibus Corp (The)———6
8% cony preferred A—
100
4,000
9Va
101
■
9
18%
18%
46%
8%
Dec
14% Jan
Norwich Pharmacal Co
10,900
18%
8%
9
7%
151
64
*61
*99
a™
"150
31%
*31
7%
100%
y
8%
8%
18%
19
7%
100
100
V
9%
••
700
13%
46
"46
100%
7% :.
7%
7%
101
13%
18%
18%
*45%
7%'
200
*4
46%
*8%
90
*13%
18%
100
1,000
*39
40%
13%
45%
8%
150
18%
40%
40%
41%
14,600
113%
113
*18
18
18
*40%
35
27
Northern
14%
Feb
74% July 24
31% Jan
North American Aviation—
101%
14%
113
18
41%
4%
*4
101 %
14%
14
8%
Oct
17%
27
11
North American Co————_—10
6% preferred series—.
50
5%% preferred series—.,
50
500
8
18%
7%
'
—
19,900
*52
46%
101%
17%
16%
17%
.'
121
*53
18%
8%
370
'
44%
.7%
200
34
185
184
*119%
121
8%
*38%
13%
6,400
52%
113%
4%
13%
53
*40%
40%
13%
14
13%
17
16%
18
,
4%
40%
184%
14%
40%
*38%
4%.
*4
*38%
18
40%
40%
*40
183 %
*119%
*112%
113%
18
1,000
*31%
33%
184
121
*31%
14%
14%
18
*31%
183%
*119%
^9
*101
14%
%
13%
13%
121
183%
8
102
14%
18
13%
*52%
8%
*101
13%
53
53%
53%
102
13 %
16%
8%
8
13%
%
*%
183%
17
53%
2,800
%
Feb
Jun
Jan
NY Lack & West Ry Co—
910
share
11'/a
100
100
10%
52%
53
%
*119%
*52 :■
*150
100
Highest
$ per
12%
May 5
26% July 23
*127
—
53
53
%
**9
31%
184%
121
200
,
1
13%
%
183%
183%
*119%
*100
128%
130
*127
%
*
13%
31%
31%
*31
%
13%
%
13%
*101
*12
33%
2%
■
:
13
*30%
%
2%
%
2%
183%
600
*12
'
%
2%
*
52%
52%
,
13-
*129%
52
52%
52
54
1,000
32
131%
*129
*129
*128
19%
24,000
1942
32%
2
12
tN Y N H & Hartford—
100
Conv preferred
-1(H)
tN Y Ontario & Western
100
N Y Shipbidg Corp part stk
1
Noblitt-Sparks Industries.
,5
Norfolk & Western Ry———100
Adjust 4% non-cum pfd—100
1,600
15%
19%
15%
*19
share
23% May
6% Jun
27% Jan
10% Jan
$5 non-cum preferred-——No par
N Y & Harlem RR Co
—BO
6 000
23%
,19%
63%
*18%
15%
19%
'
S per
$ per share
par
par
New York Air Brake
No
New York Central——:
No
N Y Chic & St. Louis Co
6 % preferred series A
N Y City Omnibus Corp—No
New York Dock
.
—No
1,100
37%
*36%
Year
Lowest
Highest
f per share
Par
37
37
15%
37
Range for Previous
Lowest
EXCHANGE
Shares
36%
37
36%
,
Range Since January 1
NEW YORK STOCK
the Week
S per share
S per share
per share
Sales
Dec. 24
Dec. 23
Dec. 22
for
Friday
Thursday
Tuesday
Dec. 20
Dec. 18
RECORD
STOCKS
HIGH SALE PRICES
Wednesday
AND
Monday
Saturday
Monday, December 27, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2592
2
Mar
p
8
8
42
*16
16%
16%
*12%
16
*12%
*148%
16
15%
16
*12%
*12%
16
31%
31%
31%
31%
31%
31%
31%
31%
2,400
*39
39%
*39%
39%
39%
39%
39%
39%
800
26
26
26%
26%
26%
*25%
26
26
26
800
116
117
*148%
31%
V
32%
32%
32%
116%
116%
*116
147%
30
148%
*147
148
*147
116%
40.
*116
,
4%
*4%
4%
4%
4%
2,700
13%
*13%
13%
1,100
Pacific
3%
3%
3%
;-*13%
1
3%
31%
33
32%
31%
31%
31%
3%
3%
34,800
31%
7.400
—5
Pan-Amer Petrol & Transp—
5
Panhandle East P L 5.60% pfd_100
Panhandle Prod. & Ref—
—1
Paraffine Cos lnc
No par
4% conv preferred
..100
Paramount Pictures lnc
1
Park & Tilford lnc
1
Park Utah Consolidated Mines—1
Parke Davis & Co.
No par
Parker Rust Proof Co—
2.50
Parmelee Transportation—No par
Patino Mines & Enterprises
10
Penick & Ford—,—,—No par
8%
D %
*8%
9%
*109%
110%
109%
109%
109%
109%
2%
2%
2%
2%
*2%
2%
43%
*43%
43%
*43
105%
*104
*43%
45
45
*104
105%
*104
300
9%
9%
9 %
*9
50
*109%: 110%
*2%
500
3
800
43%
105%
*103%
105%
105%
*103%
105%
23%
24%
24
24%
23%
24%
23%
24
23%
23%
23%
23%
69%
71%
66 %
68%
66%
67%
67
69
63%
66
64%
64%
1%
1%
1%
1%
*103%
1%
31%
31%
31%
31
*18%
18%
18%
18%
4%
*4%
4%
4%
4%
1%
*4%
20%
54%
4%
18%
18%
*54%
98%
97%
97%
98
98.
14%
13%
14
13%
13%
9%
9%
14
8%
*8%
2%
2%
2%
9
2%
9
*2%
22%
23
23
56%
x56
56
*4%
5%
5
51%
51%
3,600
Penney (J C) Co—
Penn-Central Airlines
9%
5,900
Penn
2%
1,300
Penn-Dixle
*38
39%
*37
38
*37%
17
*15
17
*15
900
38%
*15
17
*110%
25%
25%
25%
23%
*22%
*22%
56
56
56
5 %
51%
1,900
13%
*2%
2%
2%
97%
9
.
17
■
*22%
2%
300
13%
-
11,600
97 'A
'/
19%
38
*110%
25%
*55%
9 %
5
5
*5
51%
51
51%
50%
23
23
56
5%
51%
*55%
5%
50%
*4%
51%
*5
17,100
23%
*22%
56
*22%
56
~10
25%
25%
25%
25%
100
400
56
5%
50%
.
400
•
51%
9,300
10%
10%
11
11%
11
11
*10%
10%
10%
10%
800
53 %
54%
54
55%
53%
55
*52
53 %
53%
53%
54%
54%
1,500
32%
34
34%
35%
33%
34
33%
33%
*32%
33%
33%
33%
1,100
*24%
25
*24%
*24%
25
*24%
..
10%
25
8%
25%
100
8%
8%
8%
8%
8%
8%
8%
8%
5,700
8
8%
8%
8%
10%
8
7%
8
7%
7%
*7%
7%
1,600
20%
17,700
25
*25
25
25
7%
8
20%
21
49%
50
*89%
90
90
90
89
90
89
89%
88%
89%
21%
21%
21%
21%
21%
21%
21%
21%
22.
21%
22
8,800
21 %
20%
21%
20%
21
20%
20%
20%
21
20%
49%
%'
49%
49%
49%
49%
50
50
50
*49%
50
400
88%
*88
$7 conv pref ser A_.
460
Corp
No par
—,—No par
Co——
—1
Pere Marquette Ry Co
—,100
5% prior preferred—
100
5% preferred
—,—,—,100
Pepsi-Cola
24%
24%
24%
24%
24%
24%
24%
24%
2,700
$1
24%
24%
24%
24%
24%
24%
24%
24%
24%
7,300
Philco
84%
84%
1,600
Philip Morris & Co Ltd—
*107%
*112%
115
109
109
109
*112%
10%
*88
92%
*88
45%
45
45%
*104%
*6%
*104%
120
4%
*107%
11
10%
92%
1,666
5%
6%
46
6%
*6%
115
*111
23%
23%
23%
*104%
120
120
5%
5%
63
60
59
45%
63%
61%
7
6%
70
70
12%
12%
*69
-
6%
45%
6%
115
23%
*104%
5%
64
6%
45%
7
45%
8,300
10%
2,900
Phoenix
11%
93
:
50
120
*23%
*104%
7
5%
65%
65%
7
7
67
8,000
7
7
•
9,100
5%
2,300
20
70
*69
70
*69
70
*69
70
1.2%
,
12%
*12%
12%
*12
12%
*12
12%
.
-
600
''
*
*163%
173
*163%
173
*163%
173
*163%
173
*163%
173
*163%
173
*181%
187
*181%
187
*181%
187
*181%
187
*182
187
*182
^
187
4%
7%
47%
*
58 Va
*10 Va
4%
4%
4%
7%
7%
84
80%
80%
48
48%
48%
7%
59%
59
59%
10%
10
10%
4%
4%
7%
7%
*81
48%
59
10%
85
•
49%
59
10%
4%
*7%
*81%
49
*58
*10%
4%
4%
7%
7%
85
*81%
48%
49%
59*
*10%
%
*7
7%
*81%
49
49%
58 %
59
58
10%
4
4%
87
173
*165
173
*1««%
173
*166 %
173 ,y>f
10%
10%
10%
10%
10
10%
10
10
10%
10%
89
89
90
90%
91%
92
92
92
*70
73
70
70
72
72
74
74%
19
18%
19
19
18%
9%
11%
Xl8%
10
18%
9%
18%
9%
11%
12
18%
12
*18%
18%
19
9%
11%
11%
18%
*18%
9%
11
10%
18%
*18%
19%
*18%
9%
11%
*9%
,
11%
50
1,300
49 %
290
59
10%
'
500
.
173
1
-
4,200
10%
92
290
79%
30
18%
1,500
19%
19%
9%
9%
11%
11%
12%
12
*11
11%
*11 %
12
*11%
37%
37%
37%
*34%
37
*34%
37
*35
36%
57%
57%
56%
57%
56%
56%
*56%
56%
13%
86%
13%
.
87
94
93
103%
119
119
120
*119
103%
13%
86%
13%
87%
120
13%
88%
94%
96
95%
105
104%
105%
114%
112
112
115%
*114%
38%
38%
38 %
footnotes
88%
*118%
104%
115%
For
13%
see
116
96
*118%
13%
88%
95%
104%
120
13%
89
96%
105
56
*118%
13%
88%
96%
104 %
56%
56%
*118%
120
13%
13%
•
8,300
1,560
1,360
450
114%
115%
115%
114%
115%
*114%
115%
*114%
115%
*114%
38%
37%
38%
37%
37%
37%
37%
2595.
30
*18,200
89%
115%
page
-2,600
98%
115
115
115%
38
preferred
No par
Pressed Steel Car Co lnc
730
30
8.400
conv
1st preferred
5%
conv
2d preferred
Procter
5%
&
pfd
1
—100
.—100
5
Pocahontas—No par
5%
1,100
104%
*114%
38
13%
A
•'Class B preferred—,,
Plymouth Oil Co—
Poor & Co class B
97%
115%
115
120
Class
(The)
Co.
Pond Creek
104 Va
88%
89
98
104%
57
Pittkon
2,100
12
36 %
:
:
No par
preferred class B
100
5% preferred class A__
100
5%% 1st ser conv pr pfd
100
Pittsburgh & West Va
100
Pitts Young & Ash Ry 1% pfd—100
7%
1,200
19%
*9%
11%
Chic Ry_„™10Q
preferred.—a,,—
100
Pitts Ft Wayne &
Pittsburgh Steel Co—
*11%
*11
Corp,,
Pitts Screw & Bolt
37
12%
Iron
1,200
36%
*11%
No par
—No par
Pittsburgh Forglngs Co,
—..1
&
preferred
2,100
18%
18%
preferred
$5 conv
;
*75%
79%
6%
Pitts Coke
.:
92
92
-
*75
Pittsburgh Coal of Pa
7%
10
10%
92
,ij f.
*165
173
*165
25
100
—-100
——100
Flour Mills—
4%
87
*
*165
100
Preferred
Pillsbury
7%
•
*78
Hosiery
'
5%
64%
65
—No par
.—,100
;
No par
—,,,—5
Pitts C C & St Louis Ry Co
120
*104%
120
5%
5%
1,400
24%
*23%
24%
90
135
135
132
132
23%
series
10
45%
9%
7
115
4*%%
45%
92%
7
,"^—,100
series—-—.,100
4V*%
Phillips Jones Corp
7% preferred—,
Phillips Petroleum—
11%
93
11%
92%
115
Preferred
Preferred
120
110
*112%
115
*10%
*90
12%
12
*112%
11%
92%
70
*69
115
*10%
5%
5
6%
*6
*112%
108%
*90
115
23%
23%
56%
115
108%
107%
84%
84%
84%
10%
45%
*110
115
*23%
*112%
107%
84%
'
7
*6%
*110
115
109
84 %
92 %
10%
*10%
*107%
84%
Gamble
iser of
No par
—1
5
50
No par
Feb 1 '29)
100
—No par
Pub Serv Corp of N J
$5 preferred
———No par
6% preferred—
,100
7%
8%
preferred
preferred
100
100
Pub Ser El & Gas pfd $5——No par
Pullman lnc
No par
Apr
24%
Nov
34
Nov
22%
Apr
13%
Jan
19
Oct
Apr
101
Jan
,
Nov
4
5%
Jan
9
Jan
3
Oct
27
Dec
Oct
11%
Apr
7
6%
Dec
8%
101
Sep
106%
1
Jan
4
July 12
106
20%
4
2
July 10
Dec
Oct
Apr
38
Dec
Mar
90
July
2%
Jan
101
Nov
11%
Apt
17%
Oct
72% Dec
17
14%
Oct
17
Jan
2% Apr
8
1%
Jan
2%
May 20
May 22
19 %
Apr
29%
30
32
19 Va
13% Aug
6% May 22
29
May
60% Mar
100% Sep
6
13%
4
1%
44
Apr
56% May
14
Jan
1%
29%
Jun
45
Dec
4
Sep
2
Jan
44
Jan
15
Aug
11
May
18
104
May
Dec
2
32% Apr
24% Sep
18%
5
9
20
108%
:
Jan
Feb
25%
Nov
16% July
23%
Jan
47%
Dec
61% July 14
7% Sep 27
36
15% Mar
6
59% July 23
16% May 18
6
Dec
Jun
32
29
17% Mar 26
113
9
Oct
60
82
Apr
Jan
1%
3% Mar 26
9
Dec
Nov
8
9% Oct
Jan
17% Mar
fe Mar
20
20%July
Apr
%
Jan
4
2%
30
Jun
Oct
Dec
7%
Jan
18
58% May 20
36
Apr
51%
Feb
27
41% May 20
18
May
29%
Jan
20
26% May
19% Jun
27%
8
10% July 19
8% Jun 28
Apr
Mar
29% Mar 29
30
4
5
22
Dec
Nov
Jan
4
x51% Sep
2
91% Sep
30
30
Dec
Va Sep
Jan
6 Va
Dec
6
Jan
32%
Jan
23
23
22
18% Aug 23
24 Vb Oct
25
28
28%
Apr
40%
Jan
49
Apr
76%
Jan
Jun
*14%
Dec
13% Jan
14
26% Jun
1
7%
Feb
20
90% Jun
3
55%
71
t
148% Nov
Apr
1 % Mar
7
45 y4 Dec
Oct
74
8
20
.———3
10
Corp——_i
Nov
1%
37
preference com,——No par
24%
Oct
68% Jan
com™—No par
24%
:
113% July 26
4
Co.
21
11% Oct
12
Phila Electric
Oct
Jan
Apr
43% July
6
6% Jan
24
84
Feb
16
15%
20
6% May 10
4
5% Jan
of America—
5
No par
Phelps-Dodge
Corp
—
25
Philadelphia Co 6% preferred-,—50
$6 preferred-,-,
No par
Brewing Co
24%
83%
23
No par
Jan
Apr
7
July 20
5
6
Pfeiffer
24
84 %
19
9%
17% July 15
6
18
Oct
25%
121
13
Jan
Jan
Jan
Petroleum Corp
24%
84
Oct
Jan
108%, Jun
23'/a Jan
17 % Feb
46% Jan
l%Feb
28 % Jan
5y8 Jan
34 Va Feb
preferred—
.
100
Pennsylvania RR
—50
Peoples Drug Stores lnc,
—,5
Peoples G L & Coke (Chic) —100
Peoria & Eastern Ry Co—100
23%
'
Jan 11
Jan
6%
Apr
11
160
Jan
-3%
1%
33 V2
13 y4
5%
Pet Milk Co—
Jan
14
No par
Cement
45 %
8%
Apr
4%
16
28% May 24
119% Sep
9
Jan
80
,—No par
1
10-
Corp
Coal & Coke Corp—
Penn G1 Sand
*110%
*110%
25%
_
55%
31% Dec
2
4
2
16
2
2
Jan 12
100
Jan 22
15% Jan 12
17 Va Jan 22
2
l%Jan
7
21 Va Jan
7
16
Jan
5
1% Jan
8
16% Nov
51% Dec 11
7%
105%
2
35%
6% Mar
6
29
July 23
25% May 20
16% Jan 20
23 % Jan 20
Airways Corp
18%
36%
17
*110%,
25%
400
800
.
Pan American
*54%
55 %v.
*14%
36%
36
*14%
25%
25 %
4%
4%
18%
14%
113
113
4%
4,200
18%
4%
7,400
30%
*18%
55%
98%
17
30%
18%
*18%
8%
36%
31%
18%
*55
14%
36%
*14%
31
19%
19%
97%
2%
31%
18%
*4%
'
55%
8%
2%
.
31
;
18%
55%
97%
*54
4,600
"
14%
*8
1%
1%
20 %
98%
14%
1%
55%'
18%
20 %
54%
*97
1%
31%
18%
*1%
31;
*18%
11,300
"
1%
3 % Jan
9
Jan
2% Jan
Packard Motor Car——No par
31%
3
43
Corp
31%
10%
44
par
3%
109%
44
Western Oil
55
10
—1
—10
Pacific Tin Consol'd Corp—
13%
3
*43%
147% Dec 22
.
4%
109%
*9
—100
—No
—,
preferred—
■6%
13% July
13% Apr
& Teleg—_——100
Mills
Telep
13%
3
10%
Pacific
Pacific
2
5
23% Jan
5
14% Jan 13
Mar 15
23% Jan
5
33
Jan
4
19
Jan
2
91%Jari 25
4%
.
7% Jan
6% Jan
preferred non-cum--—No par
2nd preferred non-cum—No par
Pacific Finance Corp (Cal)
_10
Pacific Gas & Electric—_
25
Pacific Lighting Corp—No par
1st
13%
*13
109%
*9 ."
*2%
Co
Coast
3%
3%
3%
147%
148%
4%
4%
13%
3%
*116
117
148%
148% :
4%
13%
4%
14
3%
*109
180
15%
40
116
149
4%
*13%
40
16
16%
15
■
39%
116
*115
16
480
8
40
*12%
16
*12%
8%
40%
7%
39%
16%
16%
16%
16%
*7%
8
42
31%
40
25%
25%
42
*25%
31%
31%
*39%
Pacific
—8
--10
Pacific Amer Fisheries lnc
*39%
8
*40
8%
8%
*40
42%
*40
*40
700
*
l04% Nov 29
113
109 y2 Jan
7
117% Jun
7% Feb
17
14
79% Jan
5
100
42% Nov
9
50
3y2 Jan
16
May
80
Oct
Apr
46
Dec
24
43
135
18
4
26
8
102
3% Feb
8
Jan
25
Jan
14
9 Va Feb
4
168%
175
4
4%
59%
24
Nov
3
Jan 21
Jan
4
Jan
Jan
Jan
Dec
2
14 'A Jan
2
Jan
18
18
4
Jan
6% Jan
6% Jan
24% Jan
48 Va Jan
9
Feb
May
15%
■
3%
65
Dec
Nov
Jan
19%
Oct
May
26% Apr
7
Jan
1%
4%
Sep
8
3
4% July
Mar 30
15% May
56%
7
Dec
7%
5
Apr
38%
% Jan
Jan
10% Nov
165
Feb
165
Aug 31
6% Jun
7
165
May
175
Jan
182
10V* May 11
3%
Dec
4
May
'
Oct
6
68
9
170
Feb
Feb
5%
Jan
6%
Jan
July 8
52% May 12
47%
Apr
-62
Oct
20
Jun
33%
Jan
Mar 31
58
Jun
70
Feb
90
5
4
Jan
8
Jan
Jan 30
Jan 28
Dec
May
77% Jun
13
7% Jan
56
150%
1%
29
20
-
13
8
Apr
7% May 20
67
Dec 24
6
5
Jan
65
30
Jan
59
Nov
9
6% May
1
Dec
110
3
Jan
34% Jan
July
July
Jun
107% Mar
26
10% Dec 24
18% Jan
70
102
4
May
103
July 30
79
Apr
98
!
75
16% Mar 29
Nov
17
10% Dec
Dec
Jun
July
10%
153
Jan
July
21
74% Dec
6%
153
17
22
168
92
21% July 16
23 % Apr
5
7
13
1
6
13% May 29
Jun
11% Jun
15% 'Jun
14%
18%
Oct
3% May
5% Jun
5%
Jan
%
Jan
.
8
Jan
8%
Jan
3
22
Jun
29 %
Jan
58
Sep
17
42
Feb
52%
7
6
20
2
4
30
123
Feb
13
11$
Feb
17"% Apr
5
96% Oct
5
114% July 20
129%
July 15
113% Nov 18
26% Jan
2
122
114%
11%
75 %
85%
96%
108 vb
Apr
Jan
Jan
Jan
Jan
Nov
14
„
4
4
13
Jun
40% Jun
4
6% July
Va
122
Oct
Oct
Jun
14%
Jan
Mar
86%
Jan
73% Mar
x99%
Jan
79% Mar
111
Jan
99
Mar
123
Aug 18
111% Mar
116
1
20% July
107% July 20
40% July
9%
62
28%
Jan
Oct
Nov
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4241
158
Volume
2593
NEW YORK STOCK RECORD
$ per
Dec. 21
S
share
I per share
share
per
S per
16%
16%
16%
16%
*111%
113%
•112%
112%
*111%
101%
"101%
102
*101%
Va
101%
101%
"19'4
19%
19%
13%
13%
*13'/a
*101
19%
19%
16%
101%
*111%
113%
*100
101%
200
,
•
'
600
1,000
19
19
19%
19 %
19%
19%
19'%
113%
102
*111%
Lowest
EXCHANGE
Pure Oil
11
—No par
(The)
conv
$ per share
per share
14
3
114 %
92% Jan
2
107% July 23
13% Jan
2
22% Nov
.10 V« Jan
—
Jan
104% Feb
——100
preferred
100
preferred--,
Purity Bakeries Corp—— —No par
6%
5%
Year
1912
Lowest
Highest
$ per share
Par
6,500
'
113%
101%
.
Shares
share
16
16%
16
16%
16
16%
113'/a
per
Range for PrevJous
Range Since January 1
NEW YORK STOCK
the Week
I
I per share
share
■
16%
*111%
Sales
Dec. 24
Dec. 23
Dec. 22
for
Friday
Thursday
Wednesday
Tuesday
Dec. 20
Dec. 18
STOCKS
HIGH SALE PRICES
LOW AND
Monday
Saturday
4
15
197/a July 19
7
Highest
f per share
Apr
11%
90% May
80% Jun
106 %
92%
Dec
5
9% Mar
14%
Nov
July 26
8% Mar
10% Oct
July 22
Deo
Dec
Q
*13%
14
*13%
14
13%
*13%
13%.
*13%
14
100
;
R
3%
9%
9%
70%
70%
70%
71
*70
7%
8
7%
8
7%
7%
96
95%
95%
95%
96
95%
95%
28
27%
27%
13%
13
13
8%
8
.
71
71
95%
9%
"
27%
27%
27%
*27%
13%
13%
13'%
13%
12%
28%
28%
28%
28%
16
16
*27
15%
15%
16 %
31%
31%
*30%
32%
26%
*26%
28
5%
5%
*26
'
*5%
300
<
3,400
28%
28%
29%
29%
29%
1,300
16
15%
16
15%
'.'15%
1,900
*30%
31%
*31%
X26 %
26%
31%
25%
31%
26%
25%
*5%
5%
5%
5%
*
32 Vat
*78
-
46%
47-
47
200
1
•
300
4,500
,
^ '
Radio Corp
590
Radio-Keith-Orpheum
6% conv preferred
No par
—1
preferred
———25
Reading Company
50
4% non-cum 1st preferred50
4% non-cum 2nd preferred—50
Real Silk Hosiery
5
Reis
*12%
13
11%
11%
*12
12%
*12
12%
*12
12% <
100
Reliable Stores Corp
18%
17%
17%
*17%
18%
*17%
18%
*17%
18%
100
Reliance Mfg
15%
15%
15%
15%
*82%
87%
15%
15%
15%
*83
85
*83
87%
69
72
72
74%
72
:
74
17%
87% 1.
6%
6%
*76
80
76
62
60
11%
89
11%
*85%
6%
6%
'
11
.•
60
11
89
27%
27%
27
'
77
77%
59%
60
60
10%
10%
10%
10%
10%
10%
88
87%
87%
87%
87%
8%
8%
8%
:
8%
27%
*8'A
27%
*8%
27%
*36'%
13%
*12%
9%
9%
13%
*12%
13%
*12%
13%
6%
*6%
6%
6%
6%
*6'A
24%
24%
24%
24%
24%
*24%
14
13%
13%
*12%
13%
♦12%
*6%
24%
*13%
13%
*12%
13'A
9%
*9%
9%
"
.
■
*43
44
44
43
43
29%
29%
29%
29%
%
%
%
%
*
& Brass.
No par
preferred:
—100
preferred————100
Reynolds Metals Co
..No par
5%% conv preferred
100
Reynolds Spring
1
Reynolds (R J) Tob class B—10
5'A%
100
Roan
*24%
24%
600
Ruberoid
*13»A
113'%
200
Rustless Iron & Steel Corp
44
*43
$2.50
20
44 ■;
(The)—
Nopai
—_1
preferred——No par
Co
conv
29%
29%
29%
29%
%
%
%
ii
;%
3,400
Joseph Lead..
tSt Louis-San Francisco
6% non-cum preferred—
*111
112
♦111
112
112
*111
112
*111
112
111
111
*106'/a
107%
107
107
107%
107%
*107
109
*107
109
108%
108%
180
100
100
tSt Louis Southwestern
100
5% non-cum preferred.—100
Safeway Stores
No par
b% preferred—
—100
Savage Arms Corp
5
Schenley Distillers Corp
5
5%%, preferred
100
Scott Paper Co
No par
$4.50 preferred
1
—No par
$4 preferred..
.—No par
22%
23
23
22%
22%
22%
22%
*22%
22%
*22%
22%
700
Seaboard Oil Co of Del——No par
22%
2%
*2%
2%
*2%
2%
*2%
2%
100
Seagrave
-
'
*3%
4%
*3%
7
*6
*43%
112% :
*111
111
111
6%
6%
43%
42%
104%
*103%
*103
6%
41%
*111
*2%
2%
88%
88%
88%
89'A
89%
89%
89'A
89%
6,500
16%
17'%
16 7%
17
16%
17%
16%
17%
5,700
Servel Inc
1,000
Sharon Steel Corp..
13%
13%
13%
13%
*60
61%
61
61%
*61%
*11%
12
11%
12%
'
26%
26%
25%
61%
11%
12
12%
12%
12
12
*72
73
*72
9
9
*46%
25%
25
25
3'A
1,500
Silver King
26'/a
3,700
Simmons Co..——
25
*23%
24%
23%
23%
300
11%
11%
11
11'A
33.100
39%
39%
38%
39
1,400
Skelly Oil Co
16%
16%
16'/a
16%
1,930
Sloss-Sheffield
11%
11%
11%
39%
39%
39%
39%
*39%
39%
39%
39%
16%
16%
16%
17%
16%
17
16%
16%
:
23%
23%
*23%
23%
*23%
*30%
31
30% -31%
31%
31%
31%
23
23
23
23
23
23%
12%
12%
12%
12%
12%
12'%
12%
12%
3%
3%
3%
3%
3%
3%
3%
3%
*23'A
23%
31%
31%
31%
2,000
24%
24%
24%
2,700
12'A
12
12%
44,700
3%
3,300
3%
3%
3%
29
28%
28
28%
28%
28%
28%
28%
*28
28%
*28
28%
28%
28%
29
29
29%
29
29%
*28'A
29
145
*139
*141
149
*139
149
6,700
14%
23%
24%
24%
22%
22%
22%
22%
22%
14%
14%
14%
14
14%
14%
14%
*14%
•14%
24%
*14
14%
23%
24%
23%
24
23%
24%
23%
24%'
22%
22%
22%
21%
21
21%
20
21%
19%
20
20
20%
20
20%
41%
42
41
41%
40%
41%
41
41%
53
53%
53%
55
*53
54%
*53
*52
34%
25%
.
34
25%
26
37%
37%
*52
34%
*34%
25%
57%
*57 'A
57%
37%
5%
5%
5%
5%
51%
52'%
51%
52%
*111%
115'%
57%
*57%
5%
116
116
■
5%
'
*57'A
5%
5%
5%
*53
■.
34%
34%
*34%
34%
33%
34%
115%
♦111%
115%
*111%
115'A
60%
60%
60'A
60'A
113
109%
30%
31%
113
110%
*109
30%
*110%
*110% 113
30 7%
60
*113
114
114
114
*109%
31%
60
115
*113
115
109%
*109
110
109%
*110%
113
113
II /
n
n
29%
30%
30
*110
•
%
u
n-
U
n
2%
2%
2%
2%
2%
2%
2%
2%
37%
38%
37%
37%
35%
36'A
35%
36%
36%
38
42%
.
1
30
500
20
4,800
2%
5,200
43%
43%
44%
43%
44%
43%
44
41%
42%
41%
43
13,200
36%
36 '/a
36%
36%
36%
36%
36%
36%
36 %
36%
37'A
11,500
32%'
32%
32%
32%
32%
32%
33
33%
33
33%
7,800
55%
54%
55 %
54%
55'A
54%
55
32%
54%
54%
54
41%
41
*40%
41
40%
62%
62%
62%
62%
11%
11%
11%
11%
•
6%
~6%
6%
6'A
6'A
2,500
29%
28%
28%
28%
28%
600
63%
62%.
'"11%
66,000
6%
;
63%
63%
64
64'A
64%
64%
11'%
11
11%
11
11
11
11%
5,000
9%
4,000
9%
10
9%
9%
9%
*15%
16
15%
15%
*15%
8
58
*123%
125%
*123%
5%
5%
13%'
13%
13%
57
57
57
57
125%
57
*123%
5%
125
5%
5%
5%
5%
5%
5%
18%
18%
18%
18%
*71%
72%
20 %
20%
31
9%
27'%
9%
9%
*8%
27'/a
27%
27%
73
71%
71%
19%
20%
20
20%
30%
30%
30
30
•71%
see
*123%
5%
18%
footnotes
125%
5%
19
19
7%!
7%
13%
57
18%
For
,
8%
13%
5%
5%
5%
*9
7%
7%
13%
58
*57
5%
27
8
16
16
*15%
8%
13
5%
*29%
7%
9%
16
9%
9%
9%
13%
7%
%
13
*57
3,100
*28%
16
8
39'A
6%
28%.
10
12%
18,600
n
29%
*28
29
10
39'A
40%
39%
54%
28%
6%
6%
6%
6%
29
*15%
41
page 2595.
9
27%
*123%
5%
c%
*18
13%
-
124
124%
r
5%
16
1,600
200
7%
4,800
14'/a
74,800
58
124
800
100
v.
5%
4,100
5 iyn
5%
18%
*57
Ohio
&
tr ctfs—100
stk
6%
2,500
18%
18%
800
200
—No par
1
No par
No par
Sparks Withington
Spear & Co
$5.50
—;
preferred
...
Spencer Kellogg & Sons
Sperry Corp (The)—
1
Spicer Mfg Co
—
No par
$3 conv preferred A
—No par
Spiegel Inc..——
Conv $4.50 preferred
2
—
-No par
Square D Co_,
.
1
5 % conv preferred
——.100
Squibb (E R) & Sons
.—No par
$5 pref series A
-No par
$4.25 preferred
.....No par
Standard Brands, Inc—.....No par
preferred——.
No par
Standard Gas & El Co
No par
$4
32%
41
Mobile
preferred——100
$6 cum prior
54%;
41%
:
Edison
Railway -——No par
non-cum
3,200
35%
.
25
Natural Gas Co.——7.50
2,200
2%
36
—100
...
Southern California
$4.50
112
36
.
700
'■
120
30%
%
u
3,200
980
53%
*111%
2%
II
2%,
400
35
60%
110%
*110%
113
6,200
112
115%.
31%
500
25%
35
'
31
34%
*60
*108%
30%
20
57%
57%
53%
100
38%
25%
*57%
53
53
53
•
•
*37
,38%
112
*114%
*108%
*110%
53%
5%
*37
60%
35
*111%
*60
00
*57%
*33%
257/«
25%
37%
57%
5%
55%
34%
34%
35
25%
37%
*5
*52
*52
preferred
Southern
3,200
5%
55%
*4% :
5%"
Greyhound Lines--5
No par
Southern Pacific Co__,——No par
410
4
115%
35
35%
3%.
1
South Porto Rico Sugar
5%
preferred.
preferred
prior preferred
$7 cum
—.No par
No par
No par
No par
25
Standard Oil of Calif
Standard Oil of Indiana
Standard Oil of New
Standard Oil of Ohio
Jersey——_25
25
Rights
———
Standard Steel
Starrett Co
Spring—
1
L 8
—No par
(The)
—10
5
1
20
Sterling Drug Inc
Stewart-Warner Corp
Stokely Bros & Co Inc
5%
prior preferred
Stone &
No
Webster
Studebaker Corp
(The)
pfd (4% % cum)
Sunray Oil
Sunshine
Corp
Mining
par
1
No par
Sun Oil Co
Class A
Co
10Q
1
-10c
No par
25
100
10
(The)—.—12%
71%
71'A'
*70%
73
*70%
73
20'A
20'A
*20
20%
*19%
20
1,100
*29%
30%
30%
*29%
31
600
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp
Sutherland Paper Co
200
Sweets Co of Amer
*8%
27%
9
27%
30%
-
8%
8%
*8%
27'A
27%
27%
9
27%
4,900
Swift & Co
71%
Dec
x55
Mar
38% Jan
20% July 14
13%
Sep
101% May 24
*94%
Jun
49
Nov
5% Dec
Jun
70
28
4%
7
Feb
18
78% July
70
Feb
20
54
Apr
3% Mar
x20
2
31% Nov
39% July 21
14% Oct 31
28
Oct
8%
Jan
85%
;
Jan
5%
Oct
27%
Jan
54
Jan
6%
Apr
9
Jan
4
6%
Apr
9%
Nov
8
3% Jan
July 19
17% May
9% May
16
9
Feb
21'A
Dec
13%
Nov
47%
Nov
23
28
50 'A Aug
6% Nov
7
May
34% May
1
Oct *
18% Jun
Apr
Jan
Jan
74
May
75%
11% July 13
12
7%
129% Mar
6% May
15% July 19
93% Jun
1
32'A Jun
86%
Jun
9% Apr
Jan
19
100% Mar
Dec
98
36% Mar 30
34% Jan
25
,
A
Jan
A
Nov
1
%
Jan
lVs
Sep
7%
Jan
Nov
Jan
Jan
Dec
7
30
12
15
14
May 4
Dec 14
Jan
4
Jan
8
Jan 12
Jan
13
44% Dec
2
5
Jan
10
Sep
Apr
44
Jan
Jun
110
Jan
29%
104
x9%
12%
17
78
115
Feb
Deo
19%
Jan
Apr
May
21%
Dec
Oct
Apr
39
Dec
109% Aug
106% Jan
16
112
116
Jan
Mar 23
113%
Dec
17%
Dec
26% Jun
1
J.0%
Apr
4% Jun
10
1%
Dec
90
Sep
43% May
4% Jan
20
18% Sep
Sep
98
25%
1
25
3% Mar
62'A
Nov
11%
Dec
6
8
Apr
10% Nov
73% July 26
62
Dec
60
17% July
16% May
5
4%
Apr
73% May
8
54%
Apr
Jan
9%
66
11
4% Mar
Oct
20
30% May
35
Jun 30
10% Apr
18%
57
5
28
Apr
2%
7
7% Nov
Aug
4%
Dec
Jan
11% May
20% Aug
Dec
27
Nov
Apr
30%
Oct
15% July
5
17
19%
May 29
27 % Nov
Jun
Dec
Nov
10% Jun
29
20%
Jan
15'A
Nov
xl3% July 14
45% Sep
22
24% July 19
1
23% Nov
39'A July 16
•
9
Apr
6% Mar
25% Jun 10
15'A July 15
5
Apr
6
29% Dec
30% Sep
Apr
Dec
2%
Jun
15%
Jan
17% Jun
26%
Jan
144%
Jan
Apr
21%
Nov
9% Apr
6
25
10%
122% Nov
8
149'A July
1% Mar
14
16
21% Jan
2
10% Jan 13
15% Jan
7
15% Jan 2
35% Jan 9
42% Jan 12
22% Jan
8
Feo
2'A Jan
2 ;
16% Jan 11
20'A Jan
2
iB« Jan 2
1% Jan 4
9
Jan 5
10'A Jan 5
28% Jan
8
28% Jan 12
46% Jan 2
:• 37%' Jan
4
,-'-H.Dec 24
5% Nov 29
23 v, Jan
2
58% July 30
7% Jan 12
4'A Jan 2
14% Dec 1
5% Jan
2
3% Jan 6
48'A Jan
6
122
Apr 9
4% Nov 30
3% Jan 2
127/e Jan 2
58% Feb 23
14% Jan 20
26% Jan 4
4% Feb
1
Jan
43
2
2% Jan. 6
2% Jan 6
33
Jan 4
21% Jan 26
23% Nov 30
32% Jan 18
56
May 5
3
Jan 2
35'A Jan 7
33
Jan 6
* 109
Jan 28
49
Jan 10
112'A Nov 17
107
Nov 29
25
Sep 27
100"% Jan 7
2
107% July 24
7
4
Jan 15
Mar
29
47% July 24
114
bep 17
12% Mar 26
13
Jan
5% Apr
22% Aug 16
19
Jan 19
15% Jan 2
10 % Jan 2
132
May
1
15% Nov 30
Iron..—20
&
Am Gold & Platinum
Southern
Dec
1% Mar
10'A May 21
28% Jan 11
—15
—
Steel
preferred
Southeastern
Dec
13
3 % Mar
Jan
34,100
4,200
56
3%
4
4
55'%
5%'
6
52
55
25%
26
*37%
*57%
60
3%
*4%
4%
51%
*33%
34%
26
37%
34%
*37%
52
*51
3%
4%
51%
5
*4%
5
52
3%
4
,3%
4
3%
*4%
*50 %
'
*53%
South
16
7% May
2%
88% Oct
Feb
10% Mar
ti
21
•
Corp—.No par
17,000
41
51%
1,100
-
20%'
41
41
40%
2,200
Oil
7%
Jan
2
Jan 14
Dec 24
Jan
7
2%
.—No par
Smith (A O) Corp.—_——
10
Smith & Corona Typewriter-No par
Socony Vacuum Oil Co Inc.—15
8%
149
22%
22%
23
*139
145
*139
145
*22%
600
28%
28%
*27%
*139
.
23%
12
23 %
23%
31%
31%
22%
Dec
2
7
6
4
16 %
Coalition Mines
Slmonds Saw h Steel—
Sinclair
$1,20
*23'A
23%
*23%
Jan. 2
6
Jan
4
Jan
6
Dec 20
Nov 29
7'A Jan 2
80
Jan
7
5% Jan 2
25'A Jan 2
17%
3'A
11%
22
Dec
■
—15
25%
11%
Dec
Apr
6
73'A
5%
76
59%
5
.No par
(Frank G)
3%
11%
Nov
11
6
(W A) Pen Co—No par
Shell Union Oil
26%
-
Sep
3%
70
27
.No par
..No par
Shattuck
Sheaffer
23%
May
1% Jan
23
8%
64%
,
5%
31%
3%
*23%
\
20
4,400
Feb
Jan
Jan
Jan 20
Jan
7
Jan 8
Jan
4
Jan 14
Jan 5
Jan
2
No par
No par
-No par
25%
3%
•.
*23'A
700
26%
26%
Nov
39
Oct
111
105
16'A
2
59%
10'A
9
54
1
preferred
Sharpe & Dohme
$3.50 conv pref ser A
26
3%
11%
-.25
9'A
50
*46%
25%
25%
73
9'A
9%
50
1,400
20
107/a Apr
105'A
6%
19%
96
36'A
No par
$5 conv
25 7%
."
11%
24%
*72
73
*9
*46%
50
210
5
Nov
28%
23
Nov
93
3Da Jan
par
—
—
*23'%
26'A
*23%
25
13
60%
3%
26%
26%
13
61
25 %
3%
3%
3
3
13
50
25
25%
24%
26
13
61
9%
9%
*45
50
*45
13
61%
73
*72
9%
9%
9
13
61
12%
12
73
*72
73
46
13%
62
Jun
6% Dec 24
74% Dec
%
3%
5%
35
5
Corp
17%
13%
3
100
•
88
17
25%
300
39
17
88
16%
9
100
104'A
*37'A
93
19,100
87%
87%
46
*37%
*103%
104%
6,800
7
40% '
40%
41
Sears Roebuck & Co—-—No
"
*72
*37%
38%
*103%
40
120
6%
7%
6%
397/a
600
110
110
111
111
-7
42%
104%
*104
104
*37'A
•
44
43%
43%
250
5%
5%
6
1
43%
112
*111
7
43
104
37%
*2%
2%
2%
112%
6%
41%
104%
37%
37%
37%
*111
43
6
43%
43%
43%
5,600
4%
*3%
4
»
% -
%
'%
.
*3%
7
*6
7
43%
'
%
4%
*3%
4%
*6
6%
6%
41%
%
!
44
*43%
■'
%
*3%
■
6
6
•
44.
%
4%
% :
%
%
-
%
%
;
%
■
30
15%
23% May
27 'A Nov 30
—10
St
1,400
30
29%
30
5
26%
:
S
29%
Dec
Nov
9
7
8
...
12
35
4
2
12'A Sep
7% Jan
9
Jan
5% Jan
20'% Jan
11% Jan
43
Jan
Co—
Dec
Jun
5
Aug 24
13% Sep 20
May 6
19% Jun
5
—1
—..No par
No par
Antelope Copper Mines——_
Mfg
22
7%
26
Jan
22% May
4
Company
Dec
54% Dec
15%
23% July
11% Apr
32
Den
3%
34%
1
20
34% Feb
13%'
*43
>
Richfield Oil Corp
Ritter
15% Jun
Dec
59%
Apr
Jun
86% July 27
Jan
8
Jan
5
Jan
4
Jan 20
10
——-—..
2
4
14
Revere Copper
7%
46% Mar
99% July 14
29% Jun
7
80
8
95% Jan
.—100
100
preferred—
conv
25
24%
*13%
44
6%
6% conv prior pfd ser A
10% Jun
5
2% Mar
2
42% Jan
4'A Jan
'
No par
Republic Steel Corp
6%
*6%
67%
6%
Inc__
4
12% May
71% Oct
69 % Jan
100
1
RR_.
Saratoga
Motors,
Rheem
1,200
14
*13
14
*13
13%
*43
44
9'A
25
13'A
14
*13%
7,600
39
6%
9%
120
700
•
_
with'warrants——25
&
Common
*36%
9%
13%
9%
1,000
'
27%
39
*12%
13%
9%
39
*12%
9%
27%
27%
*36%
39
*12%
*36%
13%
*9%
110
76%
*36%
39
*12%
180
59%
39
*36%
800
88
.
27%
27
27% K
6%
78 %•
60
*59%
8%
8%
8%;
8%'
8%
87
6%
'
8%
800
77
77
77
Reo
15,600
19
100%
*86
87%
6%
60
89
.
86%
*6%
*88
:i
11%
89
11%
89
86 7/a
77
;
61
2,300
16%v
16%
100%
6%
*6%
76
*60
17
102
16%
*100
87'/a
87
'
mV
102
*100
Rensselaer
Preferred
8%
8%
8%
*8%
17%
16%
17'A
102
*100
Remington-Rand
1,230
•
•
8%
8%
8'/a
17
•
102
87
7
*6%
'
17
*100
87%
87%
8%
8
8
17%
102
8
.
20
6
It '/a
12
—No par
-_10
——
1
Co__
1,900
;
85
*83
69%
66%
15%
15%
15%
15%
87%
*83
„•
'
17%
*100
66
65
67
66(4 Jan
100
& Co 1st pfd_
(Robt)
*17%
87%
26%
14%
26%
22%
3'/a
2
Jan
4
Jan
2
Jan
7
Jan
2
Jan
7
Jan
6
Jan
2
Jan 20
Jan 22
Jan 14
100
13%
15%
Y11'A
—
18%
65%
*7%
3%
54'A
21
—1
100
_
Inc
$2
*11%
*82%
59
Raybestos Manhattan.
Rayonier
*
17 %
4% Jan
of Amer—.
No par
$3.50 conv 1st preferred—No par
Preferred
47%
46%
47%
47
•''v.-
100
*80
"
44
•;
6%
6
*78
'
26%
*25%
5%
47.
46
47%
*46%
'
13'%
32%
*78
1,630
:
16
16
*5
6,900
v-
26%
*13
13%
26%
*78
*78
96%
26%
27%
13
*30%
5%
7%'
7%
'
*26%
1,600
.
28%
28%
*28%
'
96%
96
.'
'17,800
'
70%
7%"
7%
"
96
9%
70%
9%
9%
71
70%
70%
••
9%
9%
9%
9%
10
Quaker State Oil Ref Corp.
Apr
14%
6
11
12%
Jan
30% May
5
10
Jun
18'/a
Nov
30% Apr
5
18%
Feb
49% May
39
Apr
5
5
12% May
23% Jun
34%
50'A Mar
6% Jun
30
14% Sep
66
Jan
1% Apr
1% Nov
Oct
3
Aug
3%
Feb
6% Sep
18
61
Nov
17
31
Dec
59
July
35
Dec
11
17%
Apr
24
Nov
35% Mar 15
44% July 24
,
21% Dec
30
Sep
31%
49
60
Mar
37
Jan
Mar
Jan
Sep
20
8% Sep
22
2% Sep
4'/a
Jan
13
29% Sep
27% Jun
45'A
Jan
60
1
64
Sep
42
July 14
116% July 13
70
July 31
117
Aug 20
109% Dec
Dec
114
40% Apr
109% Aug
113
Feb
49%
Jan
Jan
23
31% Dec
108
38% Jan
17
115% July 30
89% May
A
6% Mar 13
38% Dec
21
44% Dec
20
% Apr
BVa May
6
Apr
2%
Oct
11%
Jan
13%
Jan
8
18
20
May
Sep 21
45% May 26
11 Dec 24
60
9% May
May
14% Jun
Mar
Apr
30% Apr
25% Apr
1
7
July 12
xl7
Sep 29
10% May 7
14
14% Dec 24
63% Mar 30
29
Dec
47
Dec
40
Nov
22% Dec
34% Jan
62
Apr
6% Jan
3% Mar
4
Apr
3% Jan
43
Apr
116% Apr
29
Oct
18
7% Apr
1
3% May
May 28
6
29% Tec
42
Sep
130
Ott
5
31% Mar 31
66
Jan
%
38% July 14
40
110*
Sep
2% Mar 13
Dec
8% Nov
4%
Jan
~6%
Nov
6'A Nov
55%
128
Jan
Dec
*~5% "Jan
11% May
15%
Jan
7
32% July 23
*9%
May
16%
Dec
July 24
17%
Feb
22
82
33
May
10l/„ .Inn
fi
3% May
20
Sep
26% Deo
4% Aug
25
Jan
Monday, December 27, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2594
Range for Previous
STOCKS
LOW
t per
S per share
the Week
303's
30%
30sB
3034
30%
30 3 4
30%
30%
30%
30%
<-30%
32%
33
32%
33 V4
32%
32%
31%
32%
31%
31%
31%
63/a
6%
6%
6%
6
6%
6%
6%
6
6Va
2,100
5,300
6,800
7
6%
6%
*6%
6%
6%
63/4
1,600
41
40%
40%
*40 Vis
*40%
41%
*4%
600
6%
317/s
$ per share
27% Nov
Swift International Ltd
Sylvania Elec Prod's Inc
,, Symington, Gould. Corp—
50
4%
6%
31
Highest
t per share
Par
No par
1
share
per
22
29 %
35% July
8
8 %" May 20
8
15% Aug
25% Dec
35% Apr
2
4% Jan
Highest
share
per
19% Mar
8
22% Feb
1942
Lowest
Lowest
Shares
t per share
$ per share
Year
Range Since January 1
NEW YORK STOCK
EXCHANGE
Sales for
Dec. 24
Dec. 23
share
t per
$ per share
share
Fridav
Thursday
Dec. 22
Dec. 21
Dec. W
Dec. 18
AND HIGH SALE PRICES
Wednesday
Tuesday
Monday
cSatardaj
3% Aug
Nov
5%
Jan-
T
*6%
7
*39
42
*39
*6%
7
*6%
■
41
41
434
*4%
*10%
10%
10%
11
48%
49%
48 Va
48%
,
4%
11
10 3.4
48%
4%
4%
4%
10%
4%
4%
4%
*4%
10%
10%
11%
11
11 '
49%
48%
49 y4
49 %
483/4
48%
5
5
5%
5%
5%
34%
34%
34%
34%
15%
15 V*
15%
15 %
15
15 Va
15%
10
10 v*
9%
10%
10%
10%
103a
18%
18 %
18
13%
13
13'A
50%
50
15 Vb
15 y4
5,300
9%
9%
9%
3,700
Texas Pacific Land
2,000
Texas & Pacific Ry
1,400
Thatcher. Mfg
'
17%
17%
17%
17%
17%
.13%
13V'4
13%
133/8
53%
650
52
52
53%
*52
■
*5%
5%
*5%
5%
*5%
5%
*5%
5%
5%
6
*5%
*5%
92
*90 %
91 %
90%
90 Va
*89%
90%
*89%
90%
89%
89 Va
*90 Vs
7%
7%
7%
7%
.7%
7 %
7%
7%
43%
42%
7
7%
7
*43%
45
*43%
*43%
*11%
12%
*11%
32
*31%
32
*17%
18
18
13%
14
100 %
13%
100 %
100%
19
-
.
*11%
*11%
12%
*11%
32%
33%
33%
33%
33%
24%
24%
25 Va
4734
473%
48 %
48%
1%
1%
1%
1%
18%
18 y2
18
13
,
25
24%
25
48
48
48
48
48%
48
48'/2.
Vs
8%
20%
19%
19%
19%
12%
*11%
12%
*113/4
'
8%
*8%
8%
8%
21%
21%
21%
28%
28%
21%
29 %
*99%
*99%
100%
5%
*5%
*68%
69%
8%
8%
9
5%
68%
9,600
3%t
.
87
8%
300
21%
22y8
28%
283/4
99%
300
900
170
68
1,900
8%
8%
22
8
—I
,
—10
(J
Products c_——No par
Co—
No par
$3.50 cum preferredN( par
Tide Water Associated Oil— 1-10
;
$4.50 conv,preferred/.;:——No par
Timken-Detroit' AXle-i———--10
Timken Roller Bearing——No par
26%
lVa
16
9%
94%
23%
40%
Thompson
Thorapson-Starrett
<
■
Tri-Continental Corpz—i.1.
-
.
;
,$1.50
*.
No par.
pnferred-—1-
pfd——,—No'Par3
$4.50 prior
Twin City
Rapi# Transit-:—No par
_x—_i 100
————
—1
preferred"—;
.7 %
Jan
6
Jan
Jan
;
51
51
51%
10
10
10%
9%
79%
80 %
79%
513/s
51%
51%
10
51
51%
93/4
9%
934
79%
79%
79%
79%
51%
2,700
Under Elliott
9%
9%
3,500
Union Bag &
79 y2
6,000
Union Carbide &
10
79%
79
80
80
117
*115
116%
*115
116%
*115
116 %
*115
116%
115
*112
112%
*112
112%
*112
112%
*112
112 %
*112
112%
*112
19
19%
19
19%
19
19
93%
93 %
19
92%
91%
91%
91 %
90%
*90%
*26%
26%
27%
*27%
28%
*27%
25%
931/2
94%
91
.
26%
25%
26 %
*100%
102 V3
*100%
102%
24%
24%
24 Vs
24%
23%
24%
*19%
20 %
20
21
20%
111
111
111
*110%
*64
65
*64
65
*21%
23
*21%
23
26
26%
26 Va
102
*100
*110%
1%
1
33%
33%
14
14
''
6%
64
34%
33%
5%
51%
8%
8%
8%
8%
25%
25%
76%
2%
2%
29%
29
91%
600
28
28 Vb
1,200
26%
25%
26%
19,100
*99%
101 y2
400
23%
23%
7,000
1003/4
*99%
24%
23%
20%
203/4
111
65
23
5*21%
23
*21%
1%
1
1 %
33%
51
8%
13%
13%
13%
*5%
25%
25%
25 %
25%
75%
X74%
74%
73%
2%
*29
4%
*4%
9%
9%
99%
14%
14
-2%.
2%
2%
2%
29
29
29
29%
72
17C
8%
4%
14%
' 4%
4%
4%
9
9%
.9
>97
99%
>97
14%
*14%
71%
73
*168
172
*168
4%
9%
99%
9%
*71%
72
*168
*8%
-4:%
*97
/
9
99%
*14
143/«
8%
8%
1.100
2%
28%
29
99%
99 y4
140
4%
400
6%
1,000
2,300
*36
36 y2
800
43/4
1,900
42
*41%
42%
42%
36%:
*35%
36
36%
36%
4%
4%
15%
15%
113%
6
6%
6%
4%
15
*110%
5%
4%
>111
4%
4%
15%
*111
113%
5%
6%
5¥4
6
*
15%
15%
15
113%
9%
9%
*9%
9%
9%
*9%
31%
31%
31%
31 %
30
31%
30
30%
.29%
40%
*40
40%
*40
40%
40%
*40
*40
35%
35%
36%
36%
*1%
1%
1%
1%
42%
42%
126%
126 %
53%
53%
72%
51%
54 %
*71%
51%
126%
53%
72%
120%
121
22%
22%
49%
*47%
121
1%
126%
54 3%
9%
9%
126%
51%
74%
2%
2%
3
3
2%
2%
2%
2%
2%
2%
73%
*71 %
14%
14%
3%
3%
3 %
3%
32 y3
30%
*3 %
32%
*30%
69
69
*159%
164
300
;
*69
71
69
31
69%
4
9%
36%
*117
18%
5 %
-
50
July
United Faperboard——:
No par
Isi preferred———No par
$6
U S Freight
CO—U S Gypsum Co—
7% preferred^—
9%
37
8
U S Hoffman
5
% %
conv
8
2,900
53
52 y4
73%
200
51 Va
20,200
121%
2,600
22%
4,000
49%
10
*71
22%
22 y4
49%
*47%
*2%
2%
73%
14-
*71 %
72%
14%
14%
14
3%
3%
*3
*31%
32 %
14
*31%
3%
32%
67%
: 68%
3%
•
18%
18
18
I734
17%
9%
69
9%
119%
*36
37
119%
;
*117
37
119%
*71 y4
500
3
2,400
2%
100
72%
1
166
*162%
14
*31%
700
700
3%
32 %
60
>
69
68 y2
69
500
166
*162%
166
20
*36
117
xl7%
*9%
37
117
■
*36
116%
'1,700
17%
17%
17%
10
*9%
10
1,100
37
500
*36
37
-
116% 116%
117
-
44
*42
44
*42
44
43
41
*56%
63
*58
63
*59
63
*59%
63
*59%
63
*60
63
*59
62%
*60
62%
*58
64
*58
64
*60
64
*60
10%
Feb
97
Dec
34 Vs
Jan*.
43 V4
Jan
213/4
3%
3%
51%
*116%
*40
118
42
21%
21%
3%
3%
51
*116%
42
21 %
4
21%
4
52%
118
116%
116%
*115%
42
42
39%
39%
*38%
39 3a
34
34
34
*33%
34
110
♦102
110
*147
*147
4
53%
*33 Va
*102
21
51%
*38%
*38%
,*42
51
42
*102
110
44
42
21 Ve
21%
4 Va
4 Va
*52
53
21%
4
115%
116
41%
*40%
42
38%
39
*38%
39%
*33%
34
34
34
110
*102
110
•t*
'
*147
21%
*21
52
116%
*102
-
4%
52%
41
*147'
*147
—
Jan
6% Dec
" .7% May
;
.
•
-
18%
8% Jan
Dec
123/4 Mar
s4 Mar
2Va Nov
•
56% Jun
5%
934 May, 4
71
Jun
'
Nov
7Va Aug
7% Jan
243A July 15
16
Oct-
'
19%
34% July 14
101
/Oct
Jan
2634 Nov
13
'
¥
1% Jan
9% Jun
1
77% Jun
18
1134 Jun
10
21%
Nov
Jan
78% Nov
5% May
7% Nov
8^
U S
'•
1%
24
Apr
8
Jun
35
Feb
76% Sep
21
48%
Jun
72%
Jan
16%
Oct
4~%
Feb
13%, May
77%
5%
87J
Dec
Dec
4
23
2% .Apr
99%
8
19
July 13
6%
10
Dec
23
75% Oct
17
Jan
159
—
Vs
4Vs
'
700
.
3,800
1,900
.
52
116%
130
40%
50
*38%
39%
33%
*102
*147
34
1st
preferred-
—5
X42% July 14
24%
Apr
34% Jan
Apr
,
2
73/4 Apr 26
19% Apr
-114 Oct
16
8
*7
13
42
15
44% Jun
2
7
600
■"
600
130
non-cum
100
preferred—
Janr
July
46% Sep
5
8
4
62
May
74
7
Va-Carolina
6%
Chemical
Va EI & Pow $6 pref—
Va Iron Coal & Coke 5%
Virginian Ry Co
6%
No
•
15
12
29 V»
20
32%
Dec
1
Mar
Nov
13% May
20
:
No par
pfd—100
25
25
100
;
Vulcan Detinning Co—
preferred,
100
Preferred
—
15% Jan; 4
8% Jan, 7
25 Vs Jan 11
115
Mar;15
■
40y2 Nov 16
Jan 22
Feb 15
20 Vs Nov 18
2y4Jan 4
39
Jan 5
115'/2 Dec 23,
20y2 Jan 14
27
Jan 14
29% Jan 2
80
Jan 8
113
Jan 26
51
57
Dec
1033/4
Dec
37% Apr
58
51% Jan
71
Apr
44
% May
107%
July 19
Jun
Jan
55% Jan
1193/4 Jan
15 Va Apr
393/4 Mar
6
24
Jan
46 Va
Jan
% May
5
20% July, 2
6% July 2
27%
Mar
54
«
7
1
Apr
Dec
30 % Aug
Apr
% Aug
1%
Oct
1
Oct
%
Apr
34% May.
,
Dec'16
Jan
22
33/4 July 19
3Oct
4
88
Oct 27
5
Jan 23
59% Jan
150
par
Oct
Jun
May
26% May
50% Aug
6
30% Nov 13
^—100
div partic preferred:
14%
114'
9
59% July 15
2% Nov 17
Victor Chemical Works—--—5
Sep
4% July
2
129% July 23
13
13%
,
41
Jan
Jan
3% May 10
% Jen
v
%
99
.
37% May 25
13
Jan
1 % Jan'
.—100
Dec
Jan
Aug 23
112
—100
—
Dec
634 Jan
8% July 19
9% Jun 10
56
Vick Chemical Co——
5%
40%
*115
7%
64
174%
•-/
34%
8
64% Jan
i .8
Van Raalte Co Inc———
Feb
11% Jan
1
44 Vs Nov
6
47% Jan"
,
May
'4% Apr
•10% Oct 29
8
Jan
Apr
May
40% May
20
181% Apr
*
pair
Jan
6% Sep
Apr
,
29
2,50
50
,
2% July 21
29 34 Dec
100 '
8
Norman Co—
3% Nov
25%
35
18
4
Van
Dec
Dec
33% Aug
.3% Mar
Jan
Vanadium Corp of Am—i—No.
Apr
85/s
Sep
Jan'
,
Apr
~2%
46
—100
4%
30
15
25 % J an
-No par
A Oct
18
July
3
42 % Jan
preferred——
Feb
11%
101
par
20
5
20% Nov
—No
Dec
Jun
—25
Universal Leaf Tob——
8 %
Jan
9%
'
preferred-/.—No
Oct
58%
Jan
11
29
Jan
Universal-Cyclops Steel Corp——1
Inc——1
Oct
113
July
—No par
.
Dec
96
125
preferred
Ja
2% May 10
Jan/4'
32
Universal ^Laboratories
Preferred
Jan
17
2/
Dec
9
United Stockyards Corp————1
United Stores class A
——5
conv
16
Jun
Jan 29
—
U S Tobacco Co—
$6
3
Dec
May
29% Jan
Corp————No par
Preferred
——100
non-cum
37
29% Jan
U 8 Steel
1%
1
Jan
20%
6
4% Nov
50
Preferred
1043/4 Mar
1043/4
6
13% Jan
-10
—
preferred——100
Smelting Ref & Min—
—50
1st
11
x26
39% Jun 17
Corp—i_„ ————1
non-cum
-Jun
69% Jun
-
5% Jan 47
108.
Apr
Feb
5% Apr
43/4 Jan
84% Jan
10
89
Feb
30
y363/8 Jan
^
'
9
4
59
81%
Jun
7% Apr
9% Mar
,114
4
3 % Jan
168
Jun
21% Aug
33% July
8
22% May 12
Dec: 24
9% Jan
Dec
Nov
23%
May 27
114% Jun
3
Jan
16%
85 "4
74%
Oct
40
2% Jun'16
6
—.——.—,_10
—!~20
Preferred
20
97,
108
Jan
63%
'28Vs Mar 30
Dec
113% Nov
May
102% July 16
9
99%
83
100% Mar
10
Dec
9% Jan
May
108
19
22% July 14
48
/
Apr
29
16% Jan
—1
Sep
58
Apr
s
No par
—
Jan
7%
26
114% Oct
*118
23% Nov 30
——100
preferred—-
Lines Co—
113/4 Feb
66
60% Mar
;
28%
July "2
86% May 27
7
4
Partic & conv cl A—
'
.
■»
15% Sep 22
30
U S
59
4
No par
Leather Co
Vicks Shreve & Pac Ry
64
*21V*
60
600
41%
*42
*50 %
Jun
May
1
'
3534 Sep
U S Industrial .Chemicals—No par
U S
Rubber Co—
2%
18%
37
Nov
Mar
6
4% May; 8 <>
90 * May 28'
5
—
U S
2%
*162%
*117
Jan
1%
15% Nov
22
4
10% Apr
:
5
5
1
5% Jan.
——20
-100
Mach Corp
—5
preferred——
—50
1,600
2%
163
9%
27%
31% May
'25% July
-
9
2% Jan
No par
8,300
2%
163
9%
Feb
"
85
5
95% Dec 24
USA ForeignSecur—
43%
121%
162%
9 3/4
Jan
334 Sep
9% Dec
JiMar
7
10% May
38% Jan' 4
-100
..——.10
preferred- ——-—1
128%
22%
162%
9
Dec
343/4
Jan
8% Jan
'
12
:
July 16
75% July. 7
165 % NOV 27
•
July
.
60% Dec
1534 Nov
40 %
41
r
25
37% Oct 21.
12% Feb
^Oct
44% Oct
120
Oct
Dec
20%
Jan
7Vi Jun
19
112%
5
Mar
Jan
11% Mar
26
Dec
116% July
42
Dec
30
May
Aug 28
65
50
July
55
Jan
6
55
Sep
60
Nov
25 Va
Jan
67% May
6
15
634 July 1
26% Feb
68% July
-xl23
61
152%
14Mu Jun
25% July 15
,
May
Apr
142 r
'
18%
Mar'
4%
17% July
,
10
7% Jan
5
U S Pipe & Foundry—
U S Playing Card Co_
2,200
'
*30%
3
52 Va
2% July
5% Jun
17% Jan
-
——No par
preferred
42%
2%
*71%
73%
14%
3%
1
Co
Drug
$4.75
,
United
128 y4
42%
128
3
2%
14%
preferred——
Realty & Impt——No par
*47%
47%.
*2%
2%
*71,
—No par
—No par
No par
United Corporation
United
par
*
*2%
14%
100
preferred——
Carbon "Co—.——No
United
$3
par
U S
121%
22%
47%
5% /conv
Co—.——No
1,600s
121%
1213'a
22%
Biscuit
4,800
1%
50%
121 y4
United
37
36%
1%
52%
49%
5
J
5% conv preferred
.—100
United Air Lines Transport—
5
1%
37%
513s
22 %
No par
United Aircraft Corp
U S Plywood
,72%
121%
100
preferred
non-cum
40%
*40
40%
4,555
6ya
30%
30 !/a
50%
22%
73
*
,4%
Union Tank Car—
Prior
9%
*9
9%
1,400
t
113%
5%
6
30
52%
*47%
14%
•
72 %
120 34
73
*111
51
49%
*47%
153/4
15%
15%
113%
53%
50%
22%
121
*22%
*4%
4%
74%
*71%
51%
41%
128
127
53
54%
50%
1%
42%
42%
42%
127
*37
1%
1%
1%
*40
37%
37
37
*71%
74
51
37
42%
43
42%
125 %
*9%
100
43 y2
36%
*110%
900
170
*168
8%
42
15%
71%
71%
800
*41%
36%
113%
14
8%
42
*15 V8
200
;
8%
36%
4%
4,200
100 y2
14
14%
42
*110%
6
*29%
72
».
9%
>9
9%
42 %
4%
4%
>4%
4%
36%
36%
23/S
2%
29%
170
8%
8%
8%
1,500
73%
44 %
*42
Jun
Jan
30
t mi July 14
103% May 26"
343/4 Mar,31
.
Jan 18
Jan ?
Dec
2
Jan > 5
Jan 2
15% Jan 8
' 80% Jan' 2
79% Jan 6
24y4 Jan;, 8
x24V4 Nov 30
93%Jaii 4
173% Jan 20
16
Jan
8
■
109% Jan 2
'
55%: Jan 16
18% Jan' 7
U Jan 2
United Merch & Mfrs Inc——_—1
26
73%
99%
,—100
Union Pacific RR Co_-—
1,300
1,500
sy8
73%.
100
Union'Oil of California———25
34,700
240
51
25%
72
168%,
•
*8%
,
*168
72
72
168%
*4%
.
9
99%
14%
15
72
170
Oct
9% Jan
2% May
3 "Mar 18
42'
8
x76%
113
105%
Dyewood Corp.
— 1
/Preferred ——100
t'nited Electric Goal Cos———5
United Engineering & Fdy
—5
United Fruit Cq.
J
No par
United Gas Improv't ex-distribtion-
8y8
25%
8%
8%
200
100
63/a
51
51%
*51
8%
8%
8%
4,500
96
6%
51
51
51
11,200
15
*5%
Union El Co of Mo $5 pfd—No par
United-Carr Fast Corp-
25,300
iy8
34
6%
*6
5%
99%
*97
23
1
33%
133/4
13%
14
25%
2%
*22
1%
74%
29
65
34
33%
25%
2%
65
23
1
34
60
300
63%
63%
1,400
20%
113
*111
113
*63%
1,500
94
20%
20%
*111
64
34%
*92%
101
23
75
25%
29
91 ys
28
25%
20%
111
91%
95%
13 3/4
50%
*75
1
33%
6%
*6
*74
"■
14%
13%
50%
*49%
111
93
*27%
25%
24%
20%
*21%
1%
1
100
2.300
19
91%
28
%
Carb—No par
Preferred $4.50 series—No par
112%
19
19
92%
91%
26%
95
10
115
18%
92%
*90%
*94 v3
Fisher C0—-—N0 par
Paper———No par
50 3/4
52%
*115
19
24%
42
334, Apr
41
July 23
j..
9%
Jan
Sep
'
'
51%
734
5
63/i May 24
26% JUn
7J
7y
-
Jan
Nov'
4% Jan
67
Jan 6% Jan
:
Dec
'
4
Twin CoachCo—
8%
34% Nov
4
33% Jun
Feb
Jan
Jan
Jan* 12
Jan 4
Dec 14
Jan 20
.1
Dec
Apr
•
18
May 27
"15
69
>
Corp—_
—No par
20th Cen Fox Film' Corp-—-No pat
Truax-Traer
Oct
8%
July 12
49
6%
12%
> 25
99
preferred-/:.—-—-——Nopar
$6
..
37%
9% Sep
6% Jan • 4
15 % Jan 27/,
11% Jan
5
1% Jan 8
——_—.—2
Transcont'L & - West: Air Inc_3^i—5
Transamerica Corp-
Apr
8
Oct
334 Nov
Apr
May
4%
28
8)4 Jan
"
8%
8%
<
5%
5%
*67
68
8,000
993/4
5%
5%
Third
12,300
28%
Oct
53% Dec
JR.)———25
Co—I—
$3 div conv preferred—
,
27% July
95
Dec
5
13% July 14
8
6
Oct
Jan
42 %
28
:
July 22
14
Nov
4
9%
Apr
2
6% July 14
41% July 14
Jan 12
Jan
5
Avenue Transit Corp.JVo par
Thermoid
30
53% July 14
-
130
'
.*8%
100
*67
8%
*8%
8%
8%
5%
68%
5%'
68%
68
3%
*86
7% May
Jan
Nov 30
52
—100
—
Trahsue & Williams St'l——No par
21%
28%
*99%
100
12 y4
8%
21%.
29%
28%
100
100%
5%
5%
69%
29%
'
*99%
100%
5%
69%
21%
22
OQ
22%
28%
22
800
19
*12
87
*8%
8%
1,200
.
*18%
3%
3%
*86
86%
*8%
8%
1,900
;
8
19
12%
18%
*11%
3%
.
86
86 %
*85
86
3%
3%.
3%
3%
3%
*8%
19%"
12%'.
8.
8%
8%
8
;
8
8
8%
*19%
*11%
*85
4,200
"
19%
3%
690
;
25
12%
85
3,400
-
25
19%
3%
2,500
"
100
24%
*11%
85
99%
100
1,100
1,800
•
133/4
13%
13%
13%
99%
100%
99%
18 %
13%
14
13%
14
-13% May 29
35
Apr
1% Mar
3
Apr
18
Jan
Jan
4
Jan
33*% Jan
3
Jan
Preferred
Thompson
1%
100%
473/4
600
.
33%
1%
253%
24 V*
8%
4ya
123/s
12%
18%
17%
100 %
25
8%
4%
4
4
130
%
1%
13%
14
4
*3%
5,700
7%
12%
1%
100%
43%
Co———100
.Co———Na par
preferredNo par
The Fair-;—
—-——No par
$3.60 conv
110
43
32%
32
1%
1%
1%
1%
4
*11%
12%
*31%
*43%
45
*3%
3%
3%
3%
3%
44'
45
7y4
16 Va
- 6%
35
2%
534 Nov
Apr
32
5% Mar 16
8% Jan'
Pacific. Coal & Oil——
10
Trust-—1
15%
9 3/4
10
53%
Sulphur___.——No par
Texas Gulf
15%
153%
13%
53
50
53
Texas.Gulf .Producing—No par
2,200
Texas
*12%
18
13
Corp___—
(The)—
45
'
'
17%
18%
50
Texas Co
1,800
34 y8
34 y8
34%'
34%
5
*4%
5
5
34%
34%
34%
13%
18
*12%
48%
Tennessee
6,400
4
83/4 Jun 24
53/4 Jan 25
25
Jan
2
3
Jan
8% Jan
41% Jan
3 Vb Jan
33% Dec
—9
50
—5
5
25
5%% partic preferred
Telautograph Corp
2,200
:
-
5%
5
5 Va
34%
"
41
Talcott Inc (James)
•
Aug
1
30
.
l83/4 May
1
22%
Jan
Jan
1103/4 May
2% Oct
40% Oct
117 %
Oct
1
14
.Jan
Oct
1
24
Apr
31%
3534 Sep
29%
8
26
May
110
Aug 18
70
Jun
150
NOV 22
120
Mar
Dec
21% Nov
45
40
Jan
Oct
96 Vs Mar
138
JaU
W
40
40
10 V2
10%
*26%
*105
For
26%
109 Vs
39%
*10%
26%
*105
40
103'*
26 3,4
110
footnotes see page
2595.
39%
*10%
*26%
>105
40
39%
40
39
10%
10 3^
*10%
26%
*26%
2634
106%
106%
110
*10%
26%
*
105 Va
39
10%
26%
108
39
*10%
*26%
*105%
1,400
Wabash RR 4%%
10%
300
26%
300
preferred
Waldorf System—
40
108
100
Walgreen Co
AVs% preferred 4
—
100
-No par
No par
100
4
5
20% Jan
2
103
Feb 10
24% Jan
7% Jan
40
Dec
11
11% May 29
28 Vb
109
July 15
10
Jun
21V4 July
6% Mar
16
Apr
97%
Jun
30%
Jan
7% Nov
20 Va
NOV
102 Vs Oct
\
V olume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number'4241
158
NEW YORK STOCK
'i
LOW
Dec. 2D
Dec. 18
I per shar§
52%
^
17%
7
134
4534
4534
46
12
12
*16
,
.6%
674
8 *
*8
-IV*
1%
134
134
*45f34
46%
46
46%
12.34
1174
12
23%
*22%-
21.
*2034
1634
*16
16%
23
*22%
23
,
.
22)
20%
*20.34
16
16%
*iii!
1634
22%
6%
23
*2234
.6%
6%
23%
23%
2334
*76 34
78%
*7634
78 %
-
.
*,6%
6%
*23
,
23;r'
.
'*23r
1\
2,300
500
1%
23%
22%
20%
*46
22%
21
20%
12\
22%;
22%
2,600
21
.
21,600
21
-
16 V*
1634;
23%
23
6%
23%
23%
767/4
6
7634
•6%
34
93
-
*75%
1,400
23'
'■
'
300
2,100
*22%'..
23%
500
*7574
77%
18%
18%
1934
81%
92%
83
83%
82%
117
16%
16%'.
*105
30%
3034
1934
81%
8134/
93%
93 34
8334
8334
8334
84
,
118
*117
117
15%
15%
par
1534 Jan
4
Walworth Co
—No par
434 Jan
2
—No par
4% Jan
5
13
3a Jan
4
Jan
20
Baking Co cl A
Class B
$7
—No par
-50
—
preferred—
Warner Bros
i
26
5
Pictures
7 34 Jan
-No par
Fdy & Pipe
Washington Gas Lt Co—. —No par
105%
105%
*105
30 34
30%
-t
30
30
30 34
'1934 '19 V*
,
22
*30
6%
preferred-.
100
160
West Penn
■
900
West Va Pulp & Pap Co
:
100
16
*105
.
%06
301%
:
1
SVe
Power
pfd
1,600
Western Auto
7%
'
2.34
3%
3 %
3%
*7
''734
7344.
7%
■
734
■'
22%
Western
334 •334
1,500
7%' '"' 7%
400
42% v 4274
4,300
f;
2,200
3%'.
7%
42344, 4274
23 V*
231
23
42%
42%
43
23 %
42%
23
3
*634
.734
42%
23 %
22,%
23%
22%
224
9534
9534
95%
95V**' 95%
129%
129%
*128% <12934
22%
.
2234
Oct
Nov
3
July
26 34 July
B—
2034
Jan
Nov
Aug 20
34
Apr
91
Oct
14
41%
Apr
104
8734 Oct
11
36
Apr
93
Jun
3
102
113
1634 Oct
29
May
1034 Sep
97
Sep
1234 May
Jan
2
Jan
119
Jan
•19
Jan
110
.
20
23* Jan
534 Jan
.
1174 Apr
3
49% Oct
27
24% Dec
10% Nov
Jan
Jan
Jan
3'a
Jan
10434
Jan
Feb
18
8
22
-
7% Aug
22
37% Oct
-
•
No par
Sep
3034 Sep
634 Apr
•
.
Feb
X7134
1934 Dec
1134 Jan
100
—
21
15
May
593/a May
99
103
4 Vf> non-cum 2nd preferred
100
Western Union Teleg class A-No par
Class
3
85
.
10
Ry
2
Jan
4
109
100.
Maryland
134
4
'
1
*6%
.
43 %
23
43 %
3
3
3.34
"
•'
14
18
July 23
34 July 8
7934 Nov
~
*3
43
Jan
19
4
57
.
No par
Supply Co
4
21
834 Jan
■t
100
preferred
3034
*30
"
434 %
Deo
393a
5034 Jan
-
100
350
8%
67% Jan
^
•
preferred
NOV
4% Apr
247a Oct
'
-4*
-
1%
16
106%
West Indies Sugar Corp—1
West Penn Electric class A—No par
Nbv
1
Jan
8
Jan
6
29% NOV
11% Jan
8
69
Feb
12
234 Jan
17% Jan
-
16
6
534 Nov
2
par
+
34 May
Jun
17% Jun
—No par
Jun
13%
26
—No par
234
1
5
$4 conv preferred—
Apr
21
4
-No
1634 Oct
334
23% Sep
173a Jan
Wesson Oil & Snowdrift
Apr
41% Nov
3234 Apr
4
1234 Jan
8474
*117%
Dec 21
Highest
I per share
1374 Mar
1534 July 15
5
300
84%"
•'
60
July
1
94
,
56
7
15 34 Jan
•
3134
234 Mar 29
Waukesha Motor Co
117%
94
•'
16,300
•*' 81%
*81
1
I per share
May 29
Wayne Pump Co
200
16
16
105%
*105).
-
113
117
15,34415%
•
105%
1874
9334
1874
*81
1: 93 7/2.
82,%82%
117;
19%
81%.
92%
19%
93,
117%
16
16%
a,.
81.%-. 81%
83 %
*117
106
2934
19;
8134
93%
,
'
117
*105
;
19%
81%
93%
<
Ward
'i*
,"81
*92%
Year 1942
I per share
«
383!> Jan 12
Webster Eisenlohr
6%
6 34'
.
.
23
77%
...
16%.
"
par
Warren
500
,
$ per share
Lowest
5434 Oct 27
1834 May 25
934 Jun
5
700
12%
;
16%.
23%'
(Hiram) G & W_. —No
Div redeem preferred— —No
200
47
V
-
*22%,
78 %
,
*76 V*
,
12%
.
Walker
1,000
*8, -'
46%'/ 4634',
11%
634
6%
■
'134'
1%
•
v
2,100
8%
8%
•
Range Sine® January 1
Lowest
Highest
'
Par
tl6%/ 1734
674
6%
'
7%
8
Range for Previous
STOCK
EXCHANGE
Shares
51
*49%
17%
.
7
24%
2234
*17
S per share
..
834
*23%
20%
17 V*
'•
51%
734
20%
24%
20%
17 V*
50
»
.7,34
12%
*23%
17%
52 V*
12;-.
.46
11%
51%
1734
1%
134
5234
*8 % ;
.
8%
l'A
■
NEW YORK
the Week
Dee., 24
t per share.
$ per share
52^%
734
*8%
834
Sales for
Friday
Dec. 23
$ per share
17%
7
STOCKS
'
-
Thursday
Dec. 22
J
52%
*1734
7%
•V "8
;
RECORD
•
PRICES
Wednesday
"Dec. 21
share
per
52
5234
*17%
X
SALE
Tuesday
Monday
Saturday
AND HIGH
2595
Nov
15
2
5
Apr
434 May
Feb
23 Va
Deo
20
Jan
3%
Tan
8%
30
Oct
'
-
21%
21%
21%
22%
9534
95%
95%
22
21743 22%
95
95,% v 9574
,
22
'
*21% "22
^
'
5,200
Westinghouse Air Braae
—No par
4,300
Westinghouse El & Mfg_
50
-
15% Jan
.
4
2474 May 29
\
1374 May
1934
Feb
6334
Apr
83
Deo
Jan
V>
,
*127%
33%
108
25
20%
20%
.
*64
*32
107%
9634
20%
64
64%
21%
2134
64>",
64 34
6434
,
1874
*64
19
21%
21%.,
8
834
65
*19
•
8
4%
8
7%
:
$5
390
=
474
*64
65
*24
25
*23
24%
*434
*434
5
.;
'
'»
5
4%
*434
65
23%" 23%
5)
' 5
■
.
64
*2334
24%
534
5%
.4%
634
~ 6%
*12%
12%
"
77%
6%
12%
834
79
8%
*79V4
79%
1034
.
10%
10%
,
'121
79%.
.
-
■
35%
35%
35%
21%
.21%
36
:
6%
■634
12%'
12%
■;
6%
110
*103
;107
*92
105
*92
*47
48
'1 47
47 *,
*48
"49
*48
49"
*78-
67
67
v
r
1974
35% /35,34 '.
,21
21%
-
*103
105
*92
105
•*92
105)/.
47% :
*46%
47%
*47
49
*48 V*
49
*48%
7974
*78
79%
79
*66%
6674
66%
4.7.34 '' 47%
*483%
.
7934
79%
6674 V 67
' 79
i
37%
37%
*95
96
*95
29%
1474
*14%
3674
95%
96
30
$6
preferred
67.
Woodward Iron Co—
Jan
500
Wrigley
No
8
1734 Jan
900
Yale & Towne Mfg. Co
Young Spring & Wire
Jr
(Del)
r
t
30% Jan
2
104
230
3,800
Youngstown Steel Door
34%
2,700
Zenith Radio Corp
500
14%
34
'■
3%
Deferred delivery.
1,100
.
4,800
nNew Stock.
Bonds—
Zonite Products Corp
18
9
^
$12:000
10,000
8,623,700
338,000-^'
656,320
6,870,400
432,000
563,530
7,106,100
242,000
rCash sale,
-
'
s Special sales,
1,350
5,500
4,821,700
Stocks—No. of
shares
•:
U.
S.
■■■
3,649,530
Si
Saturday—
$50,850
Nov
117
Mar
54
Jan
42%
oun
44
Jun
80
Jun
104
Jan
4
70% Sep
29
39
Apr
62
Jan
1
57% Jan
3134 Sep
1534 Jan
2334
Oct
Nov
6
41% July 14
5
Apr
2834 Jun
774
Jan
37%
Jan
82
Jan
4
98
Nov
12
78
Jan
9% Jan
2
1634 Jun
7
7
May
<
10
1734 July 13
87
Oct
12%
Jan
19% Jan 12
2
Jan
2
8%
37% July 13
434 May 10
XrEx-dividends.
Feb
134 May
20
Deo
234 Jan
y Ex-rights,
Exchange
Bonds (Par Value)
Government
1943
Corporate
$352,000
$6,000
500,000
1,000
$Yo~,ooo
Total
$358,000
511,000
Thursday
10,000
5,000
705,000
516,000
21,000
5,000
542,000
147,571
—
—
690,000
152,920
—
668,000
5,000
1,000
674,000
$21,000
$3,201,000
114,781
Total—
365,000
$3,091,000
$89,000
,
46,000
889,502
Friday
Jan. 1 to Dec. 24
.
Foreign
Foreign
Domestic
169,885
5,065,700
1943
1942
411,000
Jan. 1 to Dec. 24
1943
1942
1942
274,039,180
\ ;
889,502
831,440
$3,091,000
Stocks—No., of shares—.
120,505,472
..
$33,000
$4,110,225
$6,492,050
1,761,000
118,564,600
121,188,000
38,875,000
36,411,000
3,084,626,800
2,139,258,100
$40,602,850
Domestic—
TotaL.
daily closing averages of representative stocks and bonds listed
on
70,220,583
30
20
IB
21,511,916
10
First
Second
10
65
Indu!-
Grado
Grade
Utili¬
trial!
Date-
Rail¬
road!
tle»
Stocks
33.30
21.97
33.25
33.09
33.03
December
18
135.89
December
20—
136.10
December
21—
135.86
December
22
136.15
$3,393,000
$214,500 $167,531,500
12,416
4,865,000
1,307
Total
40
Bonds
triali
Rail!
Rails
ties
47.01
107.10
101.55
66.83
110.35
96.46
21.83
47.01
107.06
101.55
67.17
.110.17
96.49
21.79
46.90
107.14
101.49
67.02
110.14
96.45
21.90
46.97
107.06
101.56
66.96
110.19
96.44
"
December
23
136.07
33.27
21.94
47.04
107.05
101.79
66.74
110.21
96.45
December
24
136.24
33.36
21.93
47.10
107.04
101.83
66.69
110.21
96.44
735,000
$228,223 $173,131,500
compiled by Dow, Jones & Co.:
10
Total
Indus¬
Utili-
as
-Bonds—
10
»
7,000
Averages
the New York Stock Exchange
——Stocks—
•-
$3,247,000
139,000
$3:201,000
—
Foreign corporate
Stock and Bond
.>
89,000
21,000
Foreign government
$38,205,000 $3,'207,301,625 $2,266,938,150
•-A
106
Bonde
1
the
July
113,660
—
Wednesday
$40,602,850
$50,850
.
are
Jan
125
190,685
6,352,300
1,677,000
1
industrial
Below
Deo
2134
Nov
2134 Jan 13
7.34 Jan 4
of
Shares)
Week Ended Dec. 24,1943
Bonds
Government
Foreign——
Railroad
3,657,412
31
117
18
57% Jun
Week Ended Dec. 24
1942
Jan
20
3
108
(Number
7,302,400
7,349,450
/
22,000 '
$1,677,000
Total
$5,561,300
~
275,000
1943
Oct
24
'30
.
wd When distributed.
8,971,700
222,000
Week Ended Dec. 24
.
73% Jan
11034
Apr
9
Transactions at the New York Curb
Sales
6,071,800
<
Jun
2134 May
1434 Jun
3
28
Sep
54
Sep
Dec
134
1
Bond
Bonds
854,790
$38,875,000
42 34 July
2534 Oct
51
Stocks
Government
Foreign
$5,381,300
.
Oct
Daily, Weekly and Yearly
>
United States
482,630
511,780
Jan
Dec
234
/
Exchange
Railroad
3,649,530
6%
Sep
1634
'.—44% Jan
No par
Youngstown Sheet & Tube—No par
534% preferred series A
100
Daily, Weekly and Yearly
580,480
Dec
334
2
24% July
4
No par
334
$168,000
8%
Jun
10034 Oct
78% Deo
58% Jan
Jan
234
107%
20
Jan
Jan
134 Aug
474 Apr
2
Sep
46
3%
2234 Jan
Apr
7
149
.
13a
534 Nov
53
6
Dec
7
No par
Bonds
Deo.
May
15% Apr
1
8634 Oct
121
.1634 Jan 20
.
23
13 y8
and Miscel.
Mar
134 Apr
■
9634
Number of
Shares
Deo
Jan
-
13
Stocks,
Oct
1174 Apr
9
V
par
(Wm)
96%
Transactions at the New York Stock
15 34
1534
3
143a July 14
934 Sep 20
27
Jan
par
95%
a
Jan
Jan
Jun
40
6% July 19
934 Jun 28
4
'9
preferred B
-100
Prior pfd-4.34% series
100
Prior pfd 4%% Conv series—100
No
2
57% Jan
(F W) Co—
;
10
Worthington P & M (Del)—No par
7% preferred A
100
Wright Aeronautical——
27
6
115
Woolworth
13%
$In receivership,
Apr
12% July
Apr 30
2
Jan
4 % Jan
.
.
10
■1334
sales on this day,
93
:
,;J
3%
—
234 Jan
.
100
•9534
34%
50
12
5
86
2
8
.
.
—10
pfd
15
234 Jan
No par
Co
13 34
334
-——
—-1
;_a
10
—No par
9634
33%
Dec
July
80
1034 July 26
73a Oct
1
8
Jan
x20% Jan 19
.
13
334
42 V*
22 34 Aug 11
5
234 Jan
40
20
—
95%
34%
Jun
20
2
334 Jan
.
_1
13%
334
—
.
.13% Jan
par
96
34%
Total-.——
*
par
1434
3%
Friday
69%
3,6 3/a1 .36%
34%
——
Dec
14%
*3%
—
5834
37%
34%
—
71% July 14
1434
3%
Tuesday
Wednesday
58 34 Jan
5
15
Jan 14
3634
34%
Week Ended Dec. 24,1943
2734 Feb
14%
3%
no
Dec
37%
34%
asked prices;
1734
37
3%
♦Bid and
24% July 22
-No
preferred—
Wilson-Jones
200
*29%,,. 30 %
:
34%
*3'%
2
6%
\ ~80
f
*34
Jan
37%
U3%
13%
13%
13 34
13%
29%
14,% :
37%
14%
37%
29%:
15
2934
*28%
18
I-'
.
1474
25
...
4734
.
30
30
1,700
79
79
•
28%
preferred—
Wilson & Co Inc„
99
*66%:
■
100 Va Jun
6
Oct
1
Willys-Overland Motors
6% conv preferred—
*48%"-49
-
-"
66%
;
17,900
21%
109
*47
49•
-
.
400
;
20%
*97
23
Apr
-
Wisconsin ELPow 6%
Vf'.-//
*104
/
28%
400
800
■
*1434
.
19%
3534 *'36 34
109
112% Jun
99
Wilcox Oil & .Gas Co
1,400
V
109
;
22,700
,
v 79
'
7.; "21'%
v. -
*103
,i-
900
10,400
'
*
'•"/• 19%;
107
68
*66%
;
1
>
8
.*121
\ *19%
20%
*
6%
*78
.•
32% Deo
31% Jan
10834 Oct
No par
prior pref
conv
Prior
100
*10% ',11
•
1034
*103.>
105
80
%
35% V 35%
*21%
-
'
10%
'121
*92]
'102
*78
1034
*19%
35%
;'/ .-25% fc 2174
78.
78
78%
10%
$4
70
24%
''
5
'
774
Mar
60
.
White Dental Mfg (The S S)—_20
3,600
:
12%/ 12%
774
774
127
Apr
22
No par
'
8
*121
—
35 34
>
2134
21%
7%
78
1074
*19% 120 34.
.20,-3
-
.
79%
10!%.
*121",
20
20%
8%
8j-
;
*121
*20
"•
5/•
:
5
Aug
23
9
White Roclc.Min Springs——No
White Sewing Mach Corp_
V
'
8%
*10%
634
1254
•
*1234
13
7%
6 34'
12%.
6%
6%
6%
*12%
4%'
109
9
5
40
Mar 13
10,600
7%
:
"* 64
*23%
106% Jan 15
.
3
July
29% May
Jan
White Motor Co
474
24%
*23%
Jun
5
12
52
700
64
136
Jan
Jan
85
17,300
5
64
'
1
,
x7%?<
,8%
4%
r
65
65
*6^
65
July
.2234 Nov 30
100
19%
,
"
"4%
4%
4%
*63
conv
100
-100
—
Wheeling Steel Corp—
2,100
.
preferred
conv
21%3'-21%
$
7%
/T-%
•••;4;%
8%
20%
64 34
6434
5% Ve
2
.31
.
-No par
Wheeling & Lake Erie Ry_
400
Jan
.120
12.50
No Par
$4.50 preferred——
30
%
93
20%:.
19
2154' V 21%
59
•*
98
20% / 20 %
.
18%.. .18%
21%
*55
u
Elec-Instrument
81
.
—50
partic. preferred
Weston
Westvaco Chlorine Prod
800
'
*10734^108
59%/98
98
1st
150
3334
-
2374 '' 24
108;
*55
20%,
*32
2434
*10734
971%;
,' .20%
33%
24%
,
58%
*55
20%
:
*32
24%
10734
59%
20%
,
33%
2434
,96%
*18%
19%
834
'•
129
129
90%
20%
*64
19
1934
*57,'.
96%:
20%
..
64%
19
•
59%'
96%
96%
-
*2454
25
*1073/4 107%
.
108 7
*57
59%
96%
*32;
25
*107
108
*57
128%
' 33%
127,%
.
33%
*32
24%
24%
129
129
129
*32
95%
■
Bond Record
New York Stock Exchange
«»
friday
NOTICE—Prices
weekly
•
and defaulted bonds.
except for income
interest"
"and
are
the column
The italfc letters in
IMlMrilfflri
Ended
4!4s—
Treasury
4s
Treasury
3%s
3Vis
3%s
3'/eS
3s
:
3s
2%s__—
2%s
2%s
2%s—
2%s.
23/4S
2%s_
2 Vis
2V2s__
2Vis
2Vis—
2Vis
2 Vis—
—
2Vis ——
2Vis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
1951-1953
1945-1947
--1948-1951
—1951-1954
1956-1959
1958-1963
1960-1965
;
1945
—---.--1948
1949-1953
1950-1952
.1952-1954
1956-1958
—..1962-1967
1963-1968
2 Vis
2%s
Treasury
Treasury
1951-1953
1952-1955
.—1954-1956
—1947
—Mar 1948-1950
——.Dec 1948-1950
-Jun 1949-1951
————Sep 1949-1951
—.Dec 1949-1951
March 1950-1952
Sept 1950-1952
—1951-1953
—
1951-1955
—1953-1955
June 15 1948
2 Vis,
2 Vis..
2 Vis.—;——
Treasury
Treasury
Treasury
Treasury 2s__
.
2s
Treasury
2s—
Treasury
2s
—
Treasury
2s
Treasury
2s
„
Treasury 2s
2s
Treasury
,
Treasury 2s
2s_,
Treasury
—
2s
Treasury
l%s
Treasury
1944-1964
—.1944-1949
3 Vis
3,s
1944-1952
1945-1947
3s series A
M
series
Ho.
High
,
Chile
High
Ended
Week's Range
Friday
Interest
Stock Exchange
York
Week
,
a
,
106.3
103.21
103.10
*103 .8
J-D
114.1
112.18
*111 .30 112
A-0
......
24
Dec.
Last
or
Low
(Continued)-—
(Rep)
Bonds
Range Since
Sold
Friday's
January 1
Sale Price Bid As Asked
Period
A-O
100.27
103.3
J-D
*105 .20 105.22
105.21
106.30
—,
*110 .7
*105 10 105.12
M-S'
*111 .1
M-S
_.V.
105.15
106
110.6
NO.
High
109.9
Low
107.3
fund
107.10
109.11
t
assented
A 7s
J-D
108.15
111.26
AChlnese
(Hukuang Ry)
108.21
111.29
Colombia
108.26
112.20
J-D
*103 ,16 103.18
M-S
J-D
M-S
*107 .3
M-S
*103, 8
J-D
100.10
J-D
J-D
__
*20%
ol
1927—T__
__Jan
1961
1970
A-O
.1947
.1946
M-N
101.4
105.7
102.13
106.23
106.2
*101. 20 101.22
*106 24 106.26
1947
iRepubllc of) 5s of 1904
1944
F-A
1949
F-A
107.8
1977
Rica
.External
4%s
iRep of)
loan
4>/2S—
external
debt
A Public
102.2
10~L5~ 102/7"
*104. 9
104.11
104.20
104.20
•
'a-**.
1
•-
'a a'
J-J
5
External
101.2
External gold 4%s
J-D
*101. 8
101.10
100.15
101.7
1942
m-s
M-3
*100. 30 101
100.23
101
§ A 1st series 5%s of 1926__.._._1940
,
M-S
100.9
100.30
§A2d series
100.9
Customs Admin 5y2s 2d series
100.2
17
100.5
100. 5
100.11
100.12
100.29
5%s
*104. 24 104.26
103.16
103.16
5%s 2d
100.9
101.12
*100 9
J-D
101.10
*101 8
J-D
1st
AEstonia
Finland
*100.19 100.21
M-S
100.25
100.25
102.28
M-N
*100.30 101
101.11
M-N
*100.28 100.30
101.5
*101.3
100.10
100.10
7s
2
11
103 Vi
61
108 % 109%
110%
A6s
Dart
■
_
'
j
aa
,'C
'
'
1949
n
.
Mondoza
^
97
-
T«57
J-D
57%
.
am
iStat.e
7s
Mtge Bkl
6%s
-mm
4s
readjusted...
J-D
1954
US)
<
As,sented to Nov;
AAssenrme
.1945
189U£
4<.
Assented to Nov. 5,
"J
^
-
a
-
17
-M-
'
9
11
J-J
1945
)910
nt
4s
Assented to Nov. 5, 1942,
agreement
§ATreasnrv 6s of 1913 assent .. 1933
Members New
Telephone
120
2-2300
Assented to Nov.
Mlnas Geraes
York Stock Exchange
T eletype
ny
New York
Broadway,
Agricultural
10 y8
j..
slot
s
f 6y2s
1959
11%
17 Vi
14
19Va
13 Vi
33%
AGid
sink
A-0
4s—.1968
M-8
tund 6s
iKing of Norway)
Akershus
iDept) coll 7s A—...1945
s f 7s series B
1945
A External s f 7s series C——_1945
A External s f 7s series D1945
A External s f 7s
1st series
.1957
AAntiocjuia
a External
A
External sec s f 7s 2d series___1957
AExternal
A
f 7s 3rd series._1957
s
sec
.1958
(National Government)—
(City) external 5s_
Antwerp
Argentine
,.1948
S f conv loan 4Vis.
1971
8 f ext) conv loan 4s Feb—
1972
8 f extl conv loan 4s Apr....;—1972
Australia (Commonw'lth) 5s of '25.1055
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*
1957
S f external 4Vis—_i
'
External g 4
External
s
f 6s
External
s
,.
AExternal
s
s
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A-0
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17'A
16
5914
Ext sec ref
93%
85 Vi
85
23
85
85
85V4
93 %
J-J
92%
92%
M-S
91%
84 y2
94.
30
78 y8.
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f
36
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79
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96%
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-
-
6
92%
-
21
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J-D
97
■
100
T01
52
.-1857
-——1952
34
51%
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1958
1950
M-8
Vi
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49V2
J-D
*91
57
34%
92
.
95
J-D
2
95
97
87
92%
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M-8
39
68%
.1970
1976
F-A
77%
78
6
69'/4
A-0
78
78
5
70
100
—1960
1961
1967
1968
77%
77%
.
77%
-
78%
78%
'
M-N
J-J
:
■u
C
-
*78%
h
O-k
A-0
J-J
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aA
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.
''
48%
•
79%
80%
60%
108% 108%
12
107%
111%:
104 Vi
104% 104%
34
101%
10,7%
97%
104%
(City;
(Rep)
57s
6s
A Extl
Litis
A Ext!
A 6s
101%
103%
1953
J-J
103
103
1
101%
105%
15
1958
J-J
101%
101% 101%
19
100%
105%
1954
AExternal
ARio
de
A Extl
Janeiro
;
18%
sinking fund 6s
18%
18%.
9
18%
25%
20
2
19%
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AExternal sink
fund 6s
18%
19
54
18%
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AExternal sink
fund 6s
19
26
3%s-4-4%8
AUruguay
1
14
18
25%
Externa]
2
19%
26%
External
1961
J-J
18%
19
33
'8%
26%
i
footnotes see,page 2800.
*19%
1962
A-0
19
18%
—
19
-r
'20
17%
25%
18%
25%
*19%
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18%
26
18%
4
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40
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4.414-4%
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AWarsaw
A
s
s
bonds of
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35
3
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35
83
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36
37
5
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39
30%
32
21
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33
40
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1
32
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36
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.
,/
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aa
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I
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■
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*93 %
mm
F-A
mm
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—
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,
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67%
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'
48
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28
46%
9
55
72%
1
10
20
12
1
11
19%
..
11%
14%
19
10
98 |
...
—
--
..
..
1937)—
.1979
67%
1979
M-N
*57
1978
*57
F-a
'
—
50
'
external 7s
1984
J-J
1958
1958
f-a
f-a
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__
8
69%
60%
20
12
91/4
14%
13%
85
95
84
87
78
88
85%
88
64
72%
__
.
...
.
—
—
61'%
69
60
64 7/e
readjustment....1978
■■
.
637/a
J-D
readjust,ment
Va
32
12%
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■
83%
1
*88
mm
m-n
■
73%
4
;
I
T.1
■
12
,
57%
,37%^ 57
A
;_1964
extl conv_____
4%s assented
32%
20
35
mm
..I960
conversion
extl
161/4
5
51-
35
1940
....
readjustment
(City)
37%
18
f 5V2s
(9
54
102%
18'%
17
F-A
(Cityi
19%
M-S
32%
39%
J-D
3
A4'/as assented.
Sydnev
18%
A-O
30%
1958
24%
20
M-S
32%
i
:
.',30
90'/4
21
..
43
M-S
7s
26
_»
'
-37%.-
36
..J..1955
(Republic) extl 8s
1948
extl
54 '
*101% 102%
37%
J.J
extl.
20
18%
1961
' *42%
.
a
•
31
1962
18%
20
1962
351/8
91/4
F-A
1981
38
17%
;:*4%
J-J
Sep
17%
15
m-N
F-A
sinking fund 6s
14
35
J-D
1961
Sep
assented
17
37%
1958
Jan
assented
11%
35
(Kingdom)
1
19%
12
36%
—
Am
"
J-J
1
7s
of)
20'%
3
12%
1962
1961
I8V2
m-N
F-A
1950
external
sec
17%
14
14%
11%
31%
1956
B
23
111/2
11%
34 Va
.1968
(Pro*
21%
a
'
30%
loan
series
16
-V
•1
12%
12
wv,
*
35
extl water
A 7s
23 Ve
Lm
,
31%.
extl dollar loan
ASilPsia
i
14
J-J
.1936
8s
...
1
13
72
20
J-D
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8
231%
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secured
24%
35
Or
J-D
'
A8s
13%
12%
"
11%
'
m-n
SASecurpd
34
65
138
20
1966
fund 4s
Serbs Croats & Slovenes
104
14%
3
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—
m-s
(State)
92
104
—
.*21%
....
J-D
Paulo
89%
73
'
■
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1967
IA San
73
70
15
t
*4%
12
1964
sink
90
72%
1968
sink fund gold
loan
Feb 1961
,
„
A-0
municipal
72
'.mm
33%
19%
,
-A.
F-A
Paulo
Jan
6s
f 6s
20
.
A-O
1953
Pe externa]
87 Va
'mm
19%
19%
J-J
(City of Brazil) 8s_,
1952
A6%s extl secured s f
....1957
I .A7s
ASao
94%
71
89
20
M-S
J-D
1940
A7s external loan of 1926
Santa
96%
80%
■
4
33
33%
A-O
-
'
*1.05
__
m-s
(State of)—
192i_____.__
A8s extl loan of
98'%
77%
2
'
m-s
1946
6%s
sec
Rio.Grande do Sul
851%
5
90
87%
87%
J-D
6s__
(City of)
20
18%
A-0
A-0
loan 7%s
APrague (City of Greater) 7y2s—1952
Queensland (State) extl 6s
1947
19%
18'/a
1961
1966
95%
101%
6
:
*81%
'
■'
95
82%
Vi
mm*
'
Feb
fund
assented
assented
M-N
1960
103
'
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A-0
.1963
82'i
,,,,
94%
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!
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.
A-O
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1942
s
O-A
J-J
1960
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sinking
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1942
f 7s
s
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.5
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aus
97%
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a
10
j-J
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.
Chile
20
101 Vi lOl'A
1948
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3s
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101 '/a 101 '/a
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15
15
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-
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.1968
.1950
Alegre (City of) 8s__.._.
^
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,
.^..1958
^
A8s external..
108%
a
,
f 7s_
;
.
/
fund gold 8s
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85
'
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90
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98
.
96%
-
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—
i 6s 2d ser.___l961
gold 6s___;
..^1940
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-
.
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-
r
95 y8
94
1961
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53%.
87
83
92'A
*
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s
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56
34
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>
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94 ya
3
102
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1
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82
6
88
87%
s
...1967
APernambuco (State of) 7S.-___.l-.1947
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/
33%
93
"
93%.
ma.
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—i-
A-O
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16
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'
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42
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.
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84
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28
21
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,
J-D
2
extl
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1963
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sink
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—
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1970
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s
17'/4
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56%
35
30-year
3s
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Oslo
'
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1
.
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1965
17%
87
of)
sink
v
M-N
—.1950
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56
118
..1984
-1944
...
fund
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50
f 4%-4%s——,——1975
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53
.
external
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43
1958
1..
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50
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1957
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j 5s ser A.1963
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,..1994
47
3 Vis—
3s__
25-year
24
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'
'
49%
f 4V8-43/aS_,
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15%
1
•
.1959
f
_
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f 5s
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24
6,
17'A
47
external s f $ bonds
3%
Canada
16
17%
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50
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53
stamped
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A-0
50
fund gold 6s
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24
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A-0
1941
(City) s f 5s_—
fund gold 5s
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2
J-D
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A7s
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external 8s
AExternal S f 6Vis of 1927
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17'A
f 6Vis of 1926——1957
(U S of)
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24
7s
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s
Norway
62'A
15 Vi
J.J
M-S
..1955
——i——1955
f 7s—
621/4
4
J-J
——1949
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5
17V4
17 Vi
J-J
;__1958
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54%
46
51
17 Vi
51
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J-J
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—
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*11
J-D
s
10 Va
'
mm
31%' 33%
M-S
1952
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55
44
54%
*50%
f-a
1947
1948
tund 6s
_-:V'
.
M-S
series
.,
'
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-
...1958
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15%
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—
f 6%s
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s
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&
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1-1693
mi a
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5, 1942, agreement
iSLalei
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15
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1942, agreement
>
'
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18%
*
■■
11%
10 '/a
10 Vi
131/4
12%
10'
■
16%
*15%
*
a
11%
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17
J-D
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9
'a
*.
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5, 1942, agreement
1904
ol
■■
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of 1899
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93
-
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1945
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97
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am
95
•
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82%
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A Mexico
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assented
85
11
14
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■
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4
64
'
■
23%
24
57%
VI
,
*96%
A-O
1954
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M-N
15%
12
85
17%
79
*78
A-O
i960
f 5s
s
(Colombia)
ctnrrmprl
Wertheim & Co.
10*0
68 V4
1
17%
17%
-
A-0
f 6s series A... 1952
extl 6'/2s
I960
s
(City)
(Prov)
Mexican
Foreign Securities
99
mm
100
..
31
89%
mm
'
'■
'mm
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'
►
■
83
18%
AA
*101
J-D
)%
72
'
42%
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'
a
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72
'
■a'a
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am
a
mm
86%
,
aa
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...1964
...1968
.....
State extl
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AJugoslavla
>
69%
a
mm
89
-
'
'
•
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■
*85
1
'
1
J-J
1949
'
73
67%
72
-
rim
A-O
1967
_1945
'
■
M-S
stamped
paid
paid..
(Republic)
Irish
1
74
45
42%
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Helsingfors
109 Vb
J-D
!
A-O
7s
extl 6s___
61
60%
47%
67%
mm
1961
series.
38%
30 Vi
—
71%
■
.1969
.
(Republic of)
part
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1940
..1969
series
(Republic 1
A7s
•
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unstamped
Greek
101.5
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102.27
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.
•
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aa
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./
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103%
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104
A-0
*100 20 100.22
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.....1962
102%
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«.
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100.28
101%
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—
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.m-a
A-0
100
'
<139%
■
A-O
29
4
mm-
103
aim
100.26
:
60
58
19
arm
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1942
1955
;
38
21
,}^j-
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100.14
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38
40
39
22
99%
'■
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*101 17 101.19
gold
37
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1
aa
1952
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64
48%
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1
5
,'
•
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64
52
56
21
w
,
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,
*101, 12 101.14
100.5
22%
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■
58
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.
•
■
_
•
M-S
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24%
34
34
am
22
M-N
..1945
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52
36
57%
58
m-N
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V
•.
J-J
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'
'
_______1953
5 Vis..
wks
A Czechoslovakia
104.9
.....
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t
.
*104 7
...
30
*33
J-D
5s
7
42%
34
m-s
1949
(City)
58%
*33
,
J-D
7s____;
42
F-A
External 5s of 1914 series A
100.12
100.10
J-J
.1952
1953
.1951
Cuba
100.22
100
101.17
4
Mtge Bank b%s_.
•
58
42
A-O
external s f $ bonds
4
58
58
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104.30
24
Issue—
—1980
J-D
1961
100.21
*102
__
JH-3
31981
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100
100.2
*106
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25%
13
..Oct
Copenhagen
101
100.2
100 ,11 100.11
a-
23
5
17%
ASinking fund 7s of 1927-.
104
104
100
100
J-D
24 %
16
18%
17%
5s
A Sinking fund 7s of 1926..
.
103.24 104.20
100.5
*100
J-J
171%
17%
18%
1928...
AColombla
107.23
106.20
107.5
103.10
*100. 3
107.6
106
*100 ,12 100.14
J-D
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23%
12
17 Va
v
,
of
t" 3s
*103; 20 103.22
M-S
J-D
24 %■
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:
.
*106, .17 106.19
J-D
17
18
17 %
.
18%
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*106 .10 106.12
,
8
..
(Republic of)—
*111 .14 111.16
__
109.4
111.10
*110 ,31 111.1
J-D
17%
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18%
17%
*18
m-N
17
1960
:
*109 .2
__
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9
,
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17%
.
•
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17%
,
24%
9
17%
18%
A-O
24'/4
19
..
17%
m-n
25
171/s
1
*J8
'
,
9
17%
__1960
AChllean Cons Munlc 7s—
108.10
25%
18%
..
17%.
.
'
A-O
1962
4.
...
'
(
J-D
_______
A 6s assented
26
18 y4
2
*18
1
J-D
AMedfllin
REctor
High
19%
'
18%
-
6s___^
1961.
A 6s assented
1961
^Guaranteed sink fund 6s__.__.1962
104.26
111 .19 111.19
;
mm
18%
,
J-D
A Guaranteed sink fund
112.23
103.17
•
,
■
.
1
111.3
*19%
,
■
J-D
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111.28
*106 23 106.25
M-S
1963
m-n
1957
6%s——__.___1961
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__
,1961
>
*103 15 103.17
111.19
Af-S
m-n
A6%s assented—...
■
110.27
110.13
110.9
J-D
J-D
1963
External sinking fund 6s
a bs assented
1
4Chile Mortgage Bank 6%s__1957
*106 .12 106.14
100 .27 100.27
M-a
City
York
New
Unification
Corporate Stock
3%
Low
Loan Corp—
Home Owners'
Transll
January 1
Asked
Mortgage Corp—
Farm
1V38
Sold
New
Range Since
——,
Treasury
Federal
1946-1949
.1949-1952
2%S_._——June 1964-1969
-—Dec. 1964-1969
—
—1967-1972
Treasury
Bonds
■
1947-1953
>1944-1954
———r—1946-1956
Treasury
^
1111 - T~"
,
BONDS
Friday's
Low
Government
S.
I).
or
Sale Price Bid &
Period
24
Dec.
Last
Interest
mill
1
Week's Range
Friday
Stock Exchange
York
Week
Trea.Afy
unless they are the only transactions of
account is taken of such sales in computing the range for thdjrear.
'
,
. ; •
weekly range are shown in a footnote in the week in which they occur. No
headed "Interest Period" indicate in each case the month when the bonds mature.
BONDS
New
yearly
-
Cash and deferred delivery sales are disregarded in the week's range,
and when outside of the regular
the week,
Monday, December 27, 1943
COMMERCIAL & FINANCIAL CHRONICLE
THE
12596
68
66
72'%
52%
66
11
13
10
137/b
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
158
Ended
Week
1V'
Exchange
Stock
New York
Last
Interest.
Period
34
Dejc.
,
BONDS
Week's Range
or Friday's
Friday
BONDS
1
Bonds
Range Since
New York
Sold
8ale Price Bid & Asked
Low
January 1
Week
Vo.
High
Low
8 A 5s series
A
10-year deb 4'/4s stamped
1st
M-S
J-D
;
*102%
;
107
A-O
assented-—___1948
103
ACent
Albany & Susquehanna RR 3%s___rJ46
3Vis registered
—
1946
A-O
warrants
90
'
.——1950,
income—,
Siores
Po%
&
Foreign
mtge 5s__
5 A Consol gold 5s
3%s
debentures
a-o
12%
13%
26
6%
sink
deb
Co
l0Oy4
53%
62
69%
104% 105
13
102
106
17
105%
110
87
78%
107 >/4 107%
89
90 Vi
A General
4s
2
103%
registered
Guaranteed
Q-J
i
110
51%
74
61 '
78%
1st
30-year 5s series B——1944
1st cons 4s
July 1952
1992
105.1/a
impt mtge 3'/2s D_.
A Div
1st
2d consol
F-a
Illinois
4s
111%
72
65
75
8
1989
114 Vi
1st
18
130%
137%
105
106%
40
102%
108%
107
%.
107
107%
103%
102%
59
57%
4s.
1949
j-j
121
115%
.1958
5s series
*117
21
22
20%
120
243
102'%
15%
14
31%
*
'
105
97%
.
102%
100%
96%
57
102%
_
92%
93%
.1949
102 Va
*
98%
1977
f-a
84%
84%
85
75
1971
f-a
92
91%
921%
95
73%
92%
1997
A
m-s
73%
68 V4
89%
60
74 Va
j-j
49
48%
49%
82
32
49%
118
124%
98'%
154
98%
81
65
'
99%
85
35%
35%
36%
13
32%
31%
31 Vi
3
29 l/a
40
Gulf & W I BS coll tr 5s——1959
J-J
1
100%
107
1982
m-n
*124
'
.
j-j
75
66
76%
j-j
46% «46%
7
38%
48%
j-j
49
2
31%
58
105%
104
(conv)....
JAChic Ind & Louisville ref 6s A..1947
ARefunding gold 5s series B_
1947
ARefunding 4s series C
.1947
45%
31%.
inc
Chicago Gt West 1st 4s series A
1988
AGen inc mtge 4y2s_.^
.._,._2038
89%
J-J
mtge
Chicago & Erie 1st gold 5s
93%
63
AGen
104 ya
90'%
M-S
108%
118%
*119
Chicago & Eastern 111 RR—
110
102
104%
1989
Division
ref
102
2
'
gold
registered
&
102
131'% 132%
106
j-j
General 4s
108
lllVi
92%
j-j
1st & ref 4'/2s series B__
104
105
96%
■
...1946
gold 4s
cons
m-n
...
,
111%
105
—
110%
105
100 %
55%'
31
^
100'% 101'%
102
-
V,
34
111
71%
48
103% 104
89%
83
229
74 Va
,73
m-s
.1996
& impt M 3%s series E
R &
107
88%
1_1953
101%
.,1996
&
Potts Creek Br 1st 4s__._
95%' 107%
.67%
deb 3s,
m-s
72
j-j
96%
89%
Atlantic Refining
73%
96'%
70
j-j
111'4
2
34
J-D
Atl
m-n
95
1201/4
50
119 %
106% 107
90
J-J
72
Chicago Burlington & Quincy RR—
' Illinois division 3'/2s
.,1949
3i/2s registered
1949
M-N
A—...-—1964
gold 4s
a-o
85%
20
106%
139
99% 100V4.
F-A
71
~2'
107% 107i%
a-o
111 % 111%
M-S
44
29
*22%
»+++
\
100
tAChicago & Alton RR ref 3s..„__1949
——Oct 1952
Atlantic & Danville Ry 1st 4s—„—1948
Second mortgage 4s__
—1948
unified 4%s
coll
N
36
1948
5y2s A
Ref
102%
65
&
Prod
Ref
67%
L
16%
114%
J-J
General
17
107 Va
105% 105%
J-J
Atlantic Coast
?8
108%
J-D
1st gold 5s——.1946
27
j-j
103%
*107
Charl A L 1st 4%s A——,1944
38%
97
.119
.106 '/i
J-J
&
16%
21
J-D
Knox & Nor
62
105%
*110
Atl
30%
105
*110%
Atl
28%
113% 114%
105
M-N
1958
40%
29%
'
.
106%
.1955
—
18%
103%
J-D
1st 4s—
118
34
J-D
1905
gold 4s of 1910
31%
105%
—I960
1909
85
30
I960
Chesapeake & Ohio Ry—
General gold 4y2s.
102
i,
Certain-teed
fi
1995
—1955
4s__-_
76%
112%
oo
30 V4
.1954
5s„.
110%
*85
105
Nov
-.
68
102 Vi
F-A
AO
Of
68 y2
16
110
75%
M-3
—,,2,1995
Conv 4s
23
M-N
Santa Fe—■
Trans-Con Short L
105
1975
Adjustment gold 4s———W-1995
Conv
100%
103% 103%
J-J
gold 4s of
55
*111%
37%
117%
103%
109
gold
19%
20
14
&
110%
107
A-O
A-O
C
series
nb%
1071/a
—,1962
*64
RR
26
57%
j-j
a-o
Banking—
§A5s stamped
-_.,___._1942
1071/4
205
76:
3%s._..;
Through Short L 1st gtd 4s
19
114% 115%
Jan
a-o
19%
35
j-j
:...__._1987
Power
28%
26
F-A
107%
35
107% 108
*26
J-J
1962
,
107% 107%
107%
1981
J-D
Central Pacific 1st ref gtd gold 4s_1949
106
104,
115 y4
3s_
General 4s_—...
Conv
1946
4s
Central N Y
91%
6
105
M-S
(Deli_1957
4s
Atchison Topeka &
Stamped
gold 4s__1951
Illinois Light 3%s
1966
t A Cent New Eng 1st gtd 4s
1961
JACentral of N J gen gold 5s__..,1987
5s registered
1987
100%.
1
debenture?,————-1978
fund
income
5s series C
gen
AChatt Div pur money
A Mobile Div 1st gold
101'4
Vi
66
J-D
—1966
Wat Wks & Elec 6s series A
1st
50
1959
90
,—..1956
debentures,—
AAnglo-Cliilean Nitrate deb—
1967
Ann Arbor 1st gold 4s——1995
Ark & Memphis Ry Edge & Term 5s 1964
Armour & Co (Del) 4s B—,——,1955
7s
91
6%
66
A-O
——1961
debentures
314s
Am
68%
23%
Telephone & Telegraph Co.— '
Tobacco
571/2
80
20
Central
Amer
30%
88%
67
88%
106% 106%
conv
22
87%
13%
94
105
3s
53
87%
39%
29
M-N
American
50
f-a
13
95%
J-J
1949
102 Va
1945
Nov
101% 102
.
38
70
Am
Corp conv 5%s..
100%
j-j
j-d
13
93
Amer I G Chem conv 5%s__—'—1949
Internal
105 Va
2
1955
1948
1st
38V4
60 Vi
90
60%
102%
a-o
20
107": a
48
36
m-n
72
M-S
107Vi
53 Va
1945
93'/a
Af-S
101
104% 105'%
110%
1959
99%
—2030
deb 5s_—
High
106%
107%
&
92 %
,,1952
Mfg conv 4s,
Am
*49%
j mJ
62
1
& gen 5 Vis series B
99
F-A
4%s debs——1951
Corp
Allis-Chalmers
f-a
uuw
2
A Ref
92%
89
100
109% 109%
*107'% 108
A Ref
99
A-O
AO.
90%
94%
101 Vi
100 y4100 y4
A-O
,1998
100
Range Since
January 1
Bold
90%
4-0
,1950
;
Alleghany & West 1st gtd 4s__
Allied
P
Central
modified,
A5s
U
Bonds
Hign
62
J-D
-,.,1949
modified
5s
Branch
A 1st
1051%
110
Alleghany Corp—
5s
Friday's
62
*101
A-0
1981
.,1962
gold 4s
JCentral of Georgia Ry— '
101%
*84%
A-O
with
m-n
106
107
107
90
J-J
,,1950
102
*102% 104
M-N
—1967
Alabama Power 1st mtge 3%s_.__1972
Albany Perfor Wrap Pap 6s——1948
3 Vis ser A
m-s
103%
__
104
104
or
Bale Price Bid & Asked
j-j
1965
Celanese Corp 3%s debs
Celotex Corp 3%s debs.
104%
Great Southern RR—
mtge
6s
76%
102
v*104%
F-A
1949
Ohio 4s
Carriers & Gen Corp 5s w w
Cart & Adir 1st gtd gold 4s
71%
48%
68 Vi
68'/a
J-D
...1946
64'%
*98
Week's Range
Last
Period
Carolina Clinch &
J-D
.—1953
........1953
Adams Express coll tr gold 4s
1948
Coll trust 4s of 1907—.........1947
Alabama
Interest
24
tIACarollna Central 1st gtd 4s
unstamped
A
Stamped
Friday
Exchange
Dec.
low
>
,
.
Stock
Ended
High
Railroad and Industrial Companies
f Abitibi Power & Paper—
2597
A 1st
&
A 1st
& gen
5s series A../
gen
1966
6s series B__.__May 1966
Chicago Ind & Sou 50-year 4s
1956
'
j-j
'
•
16
50
47
a-,
•
47
15
31%
53%
43%
—
j-j
76
44
6
29 %
49%
m-n
9%
8%
9%
56
6%
15%
j-j
9%
9%
9%
55
6%
15%
*86 %
87%
j-j
',■
66%
93
tChicago Milwaukee & St Paul—
series
4s
AGen
A
:_.__May 11989
AGen gold 3V2s series B__May 11989
B
218
43%
71
10
40%
66'/a
72%
258
44 %
74
72%
34
45
74
72
73 Va
183
45%
73%
45%
44Va
46
1,016
18%
47%
11%
11%
12%
L.160
4%
16%
69
68%
j-j
63%
63%
71%
71'A
Ohio
&
——July 1948,.
Stamped modified bonds—
1st mtge gold
(int at 4% to
mtge gold 4s
1st
Oct
72%
A-O
a.-July 1948
due
1946)
1
71%
A-O
A (Int at 1% to
1946) due——.,1995
■
,
..
.
70%
71%
60%
144
73
Dec
to
1
4%s
series
E
May 1 1989
j-j
711%
4%s
series
j-j
72%
f-a
a-o
^Chicago & North Western Ry-AGeneral gold 3y2s_.
3V2s registered
41.
40%
43
135
32%
52%
J-D
45 %'•
45%
47%
72
35%
57
Af-S
41
40%
43
94
'32%
41
40%
42%
109
32%
52%
3iy8
30%
31%
334
24%
37%
24
51 Vi
J-D
;
(int at 1% to
due————2000'
Ref & gen ser F (int
1% to
Sep 1 1946) due——1996
Sep 1 1946),
due
•
Af-S
.
-
-
64
M-N
65%.
1
A—J—,—1959,J
Bangor & Aroostook RR—
Con ref 4s
—
4s
'•
40'A
132
571%
56 Va
57
75%
46
J-J
74%
J-J
74%.,-75'/4,
J-D
49
1
98
A-O
,
14,
::
49
98
»
9914
100%
981/a
101
1
1041/a 104%
16
A-O
104%
104% 105
J-J
F-A
102%
=
23
4
...
103%
105%
103%
106
AC———^1967
M 5s series II
—1955
gold 4%s series JJ—
y.1961
mtge 4s series RR
——1960
100%
1st
1st
1st
AInc
mtge 4%s ser
A——July 1970
1st 4s——1955
f ABoston & N Y Air L
•••.:• 92%
M-S
105%
,5r_-
102%
103
—1966
Vis,
gold 5s———1950
5s_1945
Bklyn Union Gas 1st cons gold
Af-N
Bklyn Union El 1st
ref 6s series A—. —.1947
.
—.1950
B
Af-N
64%
116
34
65%
179
33%
65%
17
35'%
63%
j-d
A 1st
modified
Stamped3%
to
1946)
—1957
—
due
^Burlington Cedar Rap & Nor
$ A 1st & COll 58
A Certificates of
deposit.
Terminal 1st 4s
Bush
Consolidated
—
5s—
(10 9
108%
103%
103%
95
<*
111
101
/ 4,
1934
1—1952
IO31/2
105 Vi
1041/4
109'/a
30
',83%
.'99
105%
9
110
109
A-O
44%
45
22
109
A-O
66
__
45% '
70
21
■
22%
125
21
211%
15
*86%
A-O
J-J
66
*85%
96%
110%
35%
11%
221/4
92
81
67
58
75
86%
77
4'/2s._
106%
106% 106%
16
106%
109
115% 115%
10
113%
118%
1969
1970
~"ll955
(rust
Collateral
gold
...
For footnotes
4%s__L
see
page 2600.
116%
mtge 3y8s series F
115
115
1951
F-A
J-D
J-J
Il960
M-S
60
77
33%
62%
58
36i%
38
19
38
20%
,302
m-s
39%
39%
41
329
m-n
9%
j-d
8%
j-d
260
9%
41
miom
4Va
1
90
90
..
92%
67
..
j-d
13'/a
70
75
64%
64 Va
1
53%
71
59%
j-d
60%
15
69%
75
m-s
60%
--
59%
20
60'%
59
*50
49
—'.'
.
62
551/2
56%
108%
j-j
59
107%
110%
16
108% 103
103V4 104
m-s
A-O
103%
100
105'A
119.
103% 104'%
105
•;
104% 105
49M
48
49%
.
1051/4
41
-
94%
97
105%
45
41
47%
48
17
38
56
57
36
28%
5
108%
111%
108%
112
108%
109%
113
—
——
mtge 31/2S
—1967
Citt Union Term
1st gtd 3'/2S D—1971
1st
mtge gtd 3 %s series E
1st
1969
108% 108 %
F-A
*108%. 110%
J-D
109% 109%
A?-N
*112
F-A
.
3
__
1993
gold 4s_„—...
—_—1993
88
J-D
88
5
85%
1977
55%
55%
56%
137
& M Div 1st 4s_——1991
J-J
52%
52%
53%
91
L Div
1st coll tr gold 4s—.!—1990
M-N
78%
79
41/2S series E
Ref & impt
St
1970
Cleveland
103% 104 V*
99% 100
„
110%
89%
90%
46%
61
46
58%
65
3
83%
106%
27
M-N
109%
108
108
108
105
106% 106%
106
Pittsburgh RR—
&
Series
C
3V2S
gtd
D
3'/2s
gtd_
—1950
& ref 4'/2s series
Short
1st gtd
Line
Term
Union
s
95 Vi
~8
71
99
93 %
93%
30
75%
V
94%
83 %
83%
84%
52
64V2
87%
O-
76
75%
76%
170
85
86
48
49%
G
E
&
modified)
1980
5s—...May 1952
deb
noy8
114
Columbus
St Tol
1st
112
113%
1961
A Commercial
deb
1st extl gold 4s—1948
3y4s
M-N
J-J
95%
IO514
1st
91
101%
Conv
78%
104
93%
M-S
33
102 %
92 %
104%
102% 103%
88
103%
*109
108%
F-A
Apr 1 1969
w_.
1968
mtge 3%s series I
debs
3]/2s—
—
—1958
109%
31
—
110'%
107%
111
112%
—
107% 108%
*113%
112%
54
114
111% 112
23
109% 110
May
J-D
J-J
53 %
28
84
Mackay Corp—
w
46 %
103% 103%
A-O
1970
1955
extl 4s
49
M-N
16
108%
111%
111% 111%
55
108%
115'%
Commonwealth Edison Co—
6
80
1
Ohio El
8
59%
103%
_2
Southern Ry.—
Debenture 5s
Income
A-O
A-O
95%
93 %
5*.
A-O
& Sou
88%
A-O
1973
—.1977
■
J-D
& H V
105
A-O
1945
(stamped
4%s
J-J
*106
!_1972
gtd 5 '/as
:P
Columbia
*106
Iron 5s inc mtge..—1970
96
&
*108
F-A
B__
1981
4 '/as...—1961
f 41/2S series C—1
Colo Fuel &
Colorado
F-A
197'?
1st s f 5s series B gtd
Columbus
71%
57
105
106%,
J-J
1948
Cleveland Elec Ilium 3s_.__
Columbus
101%
71
*91%
J-D
J-J
118
2
68
,
Cleve Cin Chic & St Louis Ry—
118%
18
97
A-O
M-N
5s
Debenture
119%
851/4
84%
104'/.
46%
35
1957
A
113%
101% 101%
J-J
i
fAChoctaw Ok & Gulf cons 5s_._—1952
Cincinnati Gas & Elec 3y»s
,—.1966
111%
*111% 111%
F-A
'
"
37
1943
fAChilds Co deb 5s—
113%
inyB 111%
1944
22
392
•
a-o
.1962
1st & ref 4V4S series D___.
1
116% 116%
A-O
1954
5s
trust
J-J
49%
15
62%
*59
—
mtge 3%s series E_!
10
*115% 1157/a
J-D
1956
equipment trust ctfs—
Coll
.79
109%
118%
Canadian Northern Ry deb 6
Vis,—1946
Can Pac Ry 4% deb stk
perpetual
5s
108%
111%
95%
J-J
gold
1
6
J-J
Guaranteed
109
22
Oct
4
77
61
-
guaranteed 5s——Dec 11960
Series
95%
July" 1969
23
.117
92
116%
5s__.
74
61%
j-j
88%
116
5s
49%
60
77
j-j
j-j
23%
11
116%
A-O
gold
48%
22%
47'%
12%'
; ■
78
23 Va
58
11%
f-a
1963
...1963
50%
J-J
gold
Guaranteed gold 5s
Guaranteed gold 43/4s
Guaranteed gold 4 Vis
45
47%
39%
.108
48
47%
stpd
1st 5s—1960
1st
115%
A™1962
"^1957
Guaranteed
x
109
A-O
Guaranteed
"
21
77%
46 Va
45
64 %
'
'Cbal River Ry 1st gtd 4s
gtd 5s
gold 4Vis
48
12
gold 4'/2s
1st
Z;..;lst
cons
75%
77'%
—•
j-d
Chic & West Indiana com 4s„—..1952
,
Canada Southern
m-n
j-d
.
Cleve
Canadian National
—
m-n
ACertificates of deposit
Gen
.11966
61%
'
Chicago Union Station—
Cleve
4s
'
1988
5s
General 41/2S series A—
California-Oregon Power
'
62%
Cin Wab
Af-N
—1955
m-n
1927
1st
.
60 Va
1949
.....i.
General 5s series B
—1960
—
May 1 2037
Railways
paid
part
General
21%
Bush Term Bldgs 5s gtd—.
C
«»•'
'
101
.
1.2
'
105'4
*111%
J-D
4'/2s
Chic T H & Southeastern
at
(interest
ref
&
'
46
105
10514
63
63%
.....—,—1960
1951
1951
Memphis Div 1st gold 4s__......1951
58
23%
94%
F-A
4%s B
Buffalo Niag Elec 3Vis series C —-1967
Buffalo Rochester & Pgh Ry—
Buffalo Gen Elec
39%
^"
108% 108%
J-D
—1957
—,1981
1st lien & ref 5s series
.»
62%
62
v' AConv
101%
86%
*100%
Af-N
60%
33%
62
Chicago St L & New Orleans 5s
Gold
3%s
:—
-4
91
109
109'/a
Af-N
lien &
1st
Debenture gold 5s
92%
73%
40
F-A
*
,5,"
80
49%
.50%
32
49
63%
,
94
91
83
F-A
Bklyn Edison cons M 3
78
82%
-
A-O
M-N
,
9*:-5
100'/a 101,"
M-N
J-J
?
61
33%
103
102%
.
103,
J-D
62
30%
168
65
Income
—1944
Big Sandy 1st mtge 4s,J—
Boston &„Maine 1st 5s
32%
20
63
m-n
/,SARefunding gold 4s__..._
.1934
i
SASecured 4%s series A..—1952
,
5
2
102 % 102%
104%105
w,A
-
37
61
m-n
AConv 4%s series A
991/4
100'/a 100 Va
3%s series.F——.1959
3s series G———1960
Consol mtge 3'As series H——1965
''
132'4
A-O
Consol mtge
49
82%
J-D
62
61
'
63
m-n
25%
128%
2V4S„—1950
———-—1056
debs————1952
129%
61%i
61
62
m-n
tAChic R I & Pac Ry gen 4s
ACertificates of deposit
11
of Pa 5s series C—1960
Consol mtge
76%
>2
,
129% 129% /
100% 100%
Beth Steel 3 Vis conv
76%
60.
45%
2
Indus Loan
62,
61%
59%
42
A-O
debentures.!
m-n
^....1987
tSAChicago
;
1st gtd 3s„1989
Beech Creek Extension 1st 3%s..—1951
2%s
56%
■56%
.—1951
Battle Creek & Sturgis
Beneficial
-.56%
J-J
———1951
stamped—
Bell Telephone
J-J
due——1950
1947)
m-n
gASecured 6y2s_:
——1936
A 1st & ref gold 5s
May 1 2037
A 1st & ref 4%S stpd.....May 1 2037
70
,
to Jan
m-n
1987
—
AStpd 4s n p Fed inc tax
1987
AGen 4%s stpd Fed inc tax.._.1987
AGen 5s stpd Fed inc tax
..1987
A4%s stamped
1987
52%
.
4s
registered.—....
4s
F-A""
-Feb 1 1960
'Pgh L E & W Va System—
Ref gold 4s extended to
1951
S'west Div 1st M (int at 3%%
Toledo Cla Div ref 4s
1987
1987
...
AGeneral
Ref & gen ser D
AConv
:
......
due——,—1995
71%
,
•
8
(Int at 1 '/a %
ser C
1 1946)
gen
Dec
May 11989
77%
Ref & gen ser
Ref &
C
F_——May 11989
tChic Milw St Paul & Pac RR—
AMtge gold 5s series A—.
1975
AConv adjustment 5s_._._Jan 12000
75 %
59%
132
71%
series
AGen
RR—
41/2S
AGen
Baltimore
69%
63%
j-j
j-j
AGen
111'/a
THE COMMERCIAL & FINANCIAL CHRONICLE
2598
Monday/December 27, 1943
NEW YORK BOND RECORD
Week
Stock
Ended
Last
Interest
Exchange
Dec.
Period
24
High
Consolidated Edison of New York—
_—„
20
Refunding 5s—
U-N
67
102'A
•40-year 4%s__
—
1966
Cairo Bridge gold 4s.„i——1950
Litchfield Div 1st gold 3s__
1951
Louisville Div. &;Term gold 3%s_1953
F-A
48%:-
1951
6t. L^uis Div St Term gold 3s——1951
Gold 3%s———1——
1951
F-A
'
100%
-
104%
103%
107%
9
104'%
108%
12
105% 1057a
J-D
3-J
43
42%
J-J
43
43
106
1033A
1057a
317a
SPA
33,
51'A
43
5
J-J
41'A
9912
24
43%
3-J
99 IK
32
2
,
92
—
,
5174
103
—;
1953
—
1951
1951
Springfield Div; 1st gold 3 Vis.
Western. Lines 1st gold 4s—:
111 Cenlj and Chic St L & N
Joint 1st ref 5s series A
1st
Power Co—
mtge
mtge 3Vis—
*108%
Af-N
1995
1967
1st mtge 3Vis——
———1970
1st mtge 3Vis
—
1966
1st mtge 3Vis—
1969
Crane Co 2Vis s f debs
1950
Crucible Steel 3 Vis s f debs—
1955
SACuba Northern Ry 1st -5Vie.
1942
37aS
1st
1st
—
108
—
3-J
3-J
•
F-A
receipts
:
ACuba RR 1st 5s gold
1952
ADeposit receipts—
A7Vis series A extended to—1946
.——
ADeposit receipts
A 6s series B extended to
1946
ADeposit receipts—
■—
Curtis Publishing Co 3s deb.
1955
99
3-J
106%
1097a
5
108%
11174
Inspiration Cons Copper 4s.—1952
A-O
101
1037a
Interlake Iron conv deb 4s
—1947
jAIntef-Great Nor, 1st 6s series A.1952
A-O
Adjustment 6s' series A—.July 1952
A-O
T-J
93
27
__
—
4
*53
J-
1
*
45
A
27
40
A 1st15s
38
45
987a
32%
19
98'A
37%
5374
A 1st
44'%
Internal Hydro El deb
517a
Internat
5
38'%
40'%
48
267a
39
14
100%"
100
27%
42
—
.
,;
Int
39%
MS
lien
Af-N
'1
179
6%
24 5%
42%
33
23%
48%
69
23%
55
38%
2
102%
105%
5
1047s
1077a
92
101%
95%
102'%
56
104% 104%
99%
"97'%
.
.
485/s
70
'
*101
82
78
124
63%
8Q%
81%
\
■
103
7G
83%
146
66%
85%
3%
—
3%
12
1%
76'/a
F-A
,f
MS
4s——1951
%Alowa Cent Ry 1st & ref
17%
54
v*
102 3A
102% 104
527s
24%
48
■
106'% 107
3-J
deb gold 4V/aS.—1952
Debentures 5s_——
-1955
106 %;
101%
3
41%" 43%
—
F-A
ref 6%s._<———-1947
&
Int Telep & Teleg
47'%
108'%
104%
I.
r
—
99%
.
24%
117
42;
104% y
J-3
Rys^Cent Amer 1st 5s B-.—.—.1972
1st
101
96%
.
..1944
6s
Paper 5s series A & B—1947
Ref sink fund .6s- series A——1955
56%
•
108%
,f.
"l
-
t:
55'A V
36
103
82
7
9
105 /
16%
16'A
A-O
30
*36%
A-O
3-J
42
4
*50
42
101% 101%
9
3-J
38
T-b
43%
99
60
.47%
103
"
gold 5s series C_———JL—1956
Ww
44%
44%
128
'f, *102%
46
46,% |
—
■
"
,,
531/8.
105
A-O
—
*50
3-D
"
58%
..
3-J
B—.
80
*108% 110
y.
.
———.—1956
series
65%
62%
40 %
40 %
6
45
48%
;
95
97%
\f
%
3-J
MS
97%
67%
6
D
L 1st mtge 3s.—
1970
Ry 3Vis series B—1965
Delaware & Hudson 4s extended—1963
iSADen & R G 1st cons gold 4s—1936
§AConsol gold 4Vis—
1936
tADenv & R G W gen 5s
Aug 1955
A Assented
(subject to plan) —
A Ref & impt 5s series B—
..1978
—1935
J-3
J-J
260
3%
40%
39%
40%,
162
18%
18 V4
18 'A
127a
99%
Kansas/City Southern Ry Tst 3s_..1950
112%
Apr 1950
Kansas City Term lst-4s.———..I960
"Kentucky Central gold 4s—
1987
Kentucky & Ind Term 4%s_———1961
3-J
*114'%
J-3
*53'%
62
■•——Li———-——1961
J-J
*90
92
1961
J-3
*93%
93%
95
unguaranteed."—.
1961
Kings County El L & P 6s„
—1997
Kings Uo Lighting 1st. 5s—...i___1954
■1st & ref 6'%s_„
1954
3-J
*88%
83
88'%
MS
89
—
109%
109 Vi
22
104% 105 Vi
112%
103%
110 '%
"110
105 Vi
20%
107%
J-D
"40
41
40
51
J-D
"23 Vi
27
26
99
85%
99%
98%
•Af-N
*102
M-S
106 Vi
5
2
22 %
33%
23
107%
111%
24
/-J
———:
-1962
—
__
J-3
65
98
ref
Coll &
80%
100%
102
62 Va
61
72
5Vas
84
55
D——1960
5s extended at
3% to————1947
'*103%
*
A
104%
1st
reg———.1975
1954
mtge income
Lehigh Coal & Nav s J 4%s A
Cons sink fund 4%s series C
1954
1945
Lehigh & N Y 1st gtd gold 4s
JFionaa East Coast 1st 4Vis
a 1st & ref 5s series a___
—-
tAFlorida Cent & Peninsular
~5'
J-D
97%
MS
35 Vi
37
124
37%
"33%
1954
stamped.;..————1954
1st & ref sink fund 5s_
—-1964
5s
stamped.—
——.—1964
1st & ref sink fund 5s
1974
5s
stamped—.———1974
Leh Val Harbor Term gtd 5s_
..1954
Lehigh Valley N Y 4%s ext
1950
103%
76%
99
19%
41
38%
JFonda Johns & Glover RR—
§ A2-4s
U-N
1982
(Proof of claim)—
deposit-;
1956
T956
Certificates
of
103
3-D
13%
4%
15
21
4%
14 7a
1
102 Vi
Steel
1949
of Berg Co cons 5s.
99
14
99 Vi
80%
modified—
2003
registered.——..i—2003
stamped modified——2003
4%s registered
2003"
5s stamped modified
.—2003
Lehigh Valley Terminal Ry ext 5s_1951
Lex & Eastern 1st 50-yr 5s gtd—1965
Libby McNeil & Libby 4s
—.1955
Liggett & Myers.Tobacco 7s.———1944
5s debenture..;
1951
4s
J-D
Castings 5'%s_.—... ...1949
fAGeorgia & Ala Ry
J-J
1934
J-D
63
22%
44
J-J
1956
21%
21 Vi
J-J
Oct 11945
5s.
f§AGa Caro & Nor 1st ext 6s__
Goodrich IB F) 1st 4'As.__
13
101% 102
102
44
3
10
105% 106%
106 %
103
98
34%
19
55%
30
109
103%
deb 5s w
w
stamped
——
Af-S
"101% 112
99%
J-D
"100
97
99%
109
112V4
102%
112%
Grays Point Term 1st gtd 5s
Northern 4'As series A__ ...1961
1952
General 5'%s series B_
1973
General 5s series C
*110'A 110%
J-J
Great
J-J
112%
—.1976
General 4'%s series E
...1977
General mtge 4s series G
—1946
—1946
J-J
1967
J-J
374s series -1
AGreen Bay & West deb ctfs A.
Gen
mtge
ADebentures
ctfs
B.
M4 4MV
<«• M,
97 Vi
."i'-S,
98
32
90 Vi'.
89%
"62%
Feb
83%
100%
24
99 %
105%
37
102 % 102%
102 %
99
103%
75%
93%
58
111
90%
70
69%
9
14%
18
89
90
36
69%
94%
2015
3-J
63
63%
31
54
69 Vi
—1952
1961
Gulf States Util 37a» series D_. .—1969
"97
3-3
97
...
"110%
Af-N
■
97%
102 Vi
—
106
109 Vi
104% 105
105
A-O
111%
1962
J-J
M-N
1954
Af-N
1962
'
—
M-N
'
F-A
1957
A-O
53
— ~r
8
80
1
103
53%
161
52%
■
•
2rt
88
40'%
; -
■
997s
101%
93
93%
15
83%
93%
,J-D
87%
88
55
80
89%
.Dec
61%
61%
4
52
96%
97%
21
78
98%
96%
97
18
75
98
100
6
J-J
J-D
J-J
97
J-J
100
100
A-O
*95%,
'M-S
•■'
F-A
*..
F-A
i
84
64
.F-A
62
71
55
55
56
36
44
66
J-J
62% :
62
63%
19
52%
75%
33'A
362
29%
42%
28 %
40
37
36
37%
110
323/s
45
34
'M-N
33'
34%
33
313A
413A
41%
42%
35
353/a
63%
64
24
55%
31%
S," *29%
32%
Af-N
f
Af-N
64
'A-O
Lou & Jeff
Louisville
1st
&
1st
&
&
106% 106%
4
105% 107'%
104 :i!| 104iU
121% 121'%
2.
104§V, 109%,
4
121%
A
A-O
121%
F-A
•
i:
F-A
,
104
'
: *120'%
__
.101%
102
93%
93 'A
J-J
?
M-S
Af-S
__
*108
2003
A-O
J-J
J-J
106'%
1946
F-A
1980
Mob & Montg 1st gold 4%s__—1945
South Ry joint monon 4s_
1952
Af-S
—1955
Af-N
Atl Knox & Cine Div 4s__
116%
103'/a
94%
105%
88%
94
47
100
95%
8
102% 105%
1
106%
109'%
1
103
105
106% 106%
103
43'%
*104
M-S
*111'%
6174
67
197a
31
WiY). 91%
3-D
91
3-D
50%';:
mtge 4%s series A
M-N
1953'
Af-S
1959
—
;
Af-N
__
:
50%
65
J-3
*97%
92%
97
A-O
*97
96
97
Market Street Railway— ;
60%
60%
65
1945
1955
1960
Q-A
51%
1950
A-O
91%
.1938
F-A
*12%
For footnotes
see
16
page
2600.
65
62 Vi
30
60
61%
89
57 3 i
57%
5
60%
61%
78 %
4
104%
107
,
94
105%
94
102%
110
10
111%
—
49
Steam
Shovel
s
f
Stamped
6s
47
61%
*43%
59%
Metrop Wat Sew & Drain 5%s
62%
tSAMet W Side El
1947
(Chic)
4s
84 3A
45
47%
68
46
49%
45%
50
70
A-O
70
101
1
*101%
97
96'A
,
56
50
100
102%
—
97
A-O
*103'A 105%
MS
111% 111%
111 Vi
9459
70
39
70
100% 103
2
101
J-J
A-O
....
(Stamped mod) ext 5s„
McCrory Stores deb 3%
Metrop Ed 1st 4%s series D_.
46%
•
—1941
gtd 3%s
8
51
92
*52
<,25'%
-1951
61
93%
'85
108
M
1945
Maine Central RR 4s series A
-1951
U-N
103
102% 102%
J-J
118%|
4674
western Jst
60 V
947a
111%
3A 104%
2
Marion
3-J
78%
109%
102
5
f§AManitowoc Green Bay & North-
M-N
45
109%
35
104%
61%
94
104 3A
122%
102'%
99
100%
MS
26
927%
,
1950
1960
2d.gold 3s.
120
101
122
102
104%
104
104%
103%
'i Unif mtge 3V/2S series A, ext
Unif mtge 4s series B ext..—
104%
98%
103% 104
A-O
.2003
—
98%
5
99
A-O
ref 4s series D—
104'A
7
"L *102'%
A-O
1st & ref 3%s series E.j.
104
106% 106%
——2003
ref 4%sr series C.i.i—2003
series B__
105
99%
io4% 104%
■;
,
__
107'%
103'/a
*103'A
'.
Af-S
A-O
106
.*105
„
•
123 %
.
"*107%
'■U-N
Nashville RR—•
ref 5s
50
75
123%
115
1
J-J
^1945
Bridge. Co gtd 4s.
35
ri23% 123%
A-O
97%
-1955
73
~2
101%
Purchased lines 3%sI"I~
-1952
Collateral trust gold 4sIIII"~
-1953
74'%
64%
*99%
Refunding 4s
73
64
F-A
stamped—1949
.1951
3s-debentures.1963
Louisiana & Ark 1st 5s series A
1963
Louisville Gas &.Elec 3%S_
1966
LoriJlard (P)'Co deb 5s—„—
Gen
A-O
93
71%
"I;
89%
83
(>
64%
101 Vi 102
-1952
85
75
64
101%
96
63%
AManila RR (Southern Lines) 4s
-1951
99%
99 %
87
86
84
J-3
gold 3s sterling.
Collateral trust gold'is
101
73 3A
94%
96%
*60
>
'V
J-3
goId~3Vis—
.'
85
-1951
1st
4%
85%
Illinois Bell Telep 2%s
series A —1981
1st
■
98%
AManila Elec RR & Lt s f 5s
Extended
104%
;■
6274
1
56
25'%
1337a
n.A
Illinois Central rr—
1st gold 4s
1st gold 3 Vi s
I
1%
99'A
..
1960
Manati Sugar 4s sink fund__Feb 11957
26
20
1053A
.53
116% 116%
53%
A.V
127
857a
1057a 105%
85 Vb
—'
,
J-D
1949
.1957
'
■'5.
130% 131
131
i
4%
99
F-A
Af-S
4s
St Louis Div
H
1937
3%
1007a
104
3
Long Island unified 4s———1949
Guaranteed ref gold 4s.
.-1949
Paducah & Mem Div 4s
1999
1085/a
105% 108'%
2
107
19
■
Af-S
1st &
Gulf States Steel s f 47as
170% 175'%
1067a
105
107'A
J ' 100'% 101
•
99% A
A-O
14 %
13%
3-J
14%
93 3A
56
__
Long Dock Co 3%s ext to.———^.1950
,
102% 102%
Feb
inc 5s series A
Gulf & Ship Island RR—
1st & ref Term M 5s stpd
.
J*./
102 %
Little Miami gen 4s series A——
108%
83%
1975
...
Gulf Mobile & Ohio 4s series B_
AGen mtge
M
.
92%
24
99 Vi
96%
J-J
Gen mtge 4s series H
98%
J-J
.
112 Vi 112 Vi
"99% 105%
J-J
i
General 4'%s series D
■'
61
,
85
98%'; 99%
A-O
F- A
101%
...1946
...1947
Gotham Hosiery
46
107
107
V
4s
Gen
•
Lehigh Valley RR—
4%s
Gas & Elec
111%; 118,
,
103%
98%
U-N
24
103
12%
13 Vi
—
3s debs
Francisco Sugar coll trust 6s
A
Food Machinery Corp
13%
12%
13
110%
*106
V
5s
;
108%
83
20
9,
98
Lehigh Valley Coal Co—
1st & ref sink fund 5s_*
105
9f
102%
Vi
111% 111%
J-J
5s—1943
—1959
1974
deposit
*102
M-N
11
102
102
102
M-N
1961
1958
& Rub 3s deb.
78%
105%
Lautaro Nitrate Co.Ltd—
107%
99
registered.;
3%s
3%s—1997
—
.1997
Lehigh & New Eng RR 4s A——1965
Flintkote Co 3s debs—.
69 3A
45
Lake Erie & Western RR—
65%
106%
107
M-N
M-S
75
62%
36
46
J, *103%
MS
series C———. 1953
Coll & ref 5Vas series
102
92%
63
ion
101%
J-3
107
89
69%
108%
.
*109
MS
91;
61
*160'%
?
3-J
—1943
Light extd 5s
Laclede Gas
82%
10
100
64
2
79%
100
J-3
61%
72% 1.73%
68%
108
A-O
;
102
Lake Sh & Mich Sou gold
B——_—1995
AGen mtge inc 4Vis series A
2015
N Y & Erie RR exfcl 1st 4s_
.1947
Ohio Div 1st mtge 3Vis
—1971
V
72 % ? :
108%
3-J
——
106%
31
81
78 Vi
A-O
100%
102 Vi
102
79
81
A-O
69
J-J
151%
*106
MS
1
111
148
168
69%
108%
1G3
102
102
3-D
1965
1965
;
107
109% 109%
*148
3-J
1970
3 Vis
107% 107%
A-O
70%
69%
A-O
Koppers Co 1st mtge
M-N
70%
1
70%
J-3
•4%s-
109
24 Vi
109 Vi 109%
J-3
Plain
•
102% 103%
102Vi.
108 Vi 108 Vi
A-O
1965
'
Stamped
^
_i
A-O
if, impt 5s_——
Ref
34
3Vis.:—;
of
98%
86
*98%
A-O
Kanawha & Mich 1st gtd gold 4s—1990
*§AK <3 Ft S & M Ry ref gold 4s_1936
ACerEificates of deposit——-——
3-D
M 4s series
Certificates
67
96%
37as———1961
Kresge Foundation 3% notes——1950
tAKreuger Si Toll 5s ctfs—
1959
"99 Vi
Erie
A
46%
94
K
1274
45
6%
*110% 111
M-S
Minn Nor Div 1st 4s
1948
& Ga Div 1st 5s
1956
Ed El 111 (NY) 1st cons gold 5s—-1995
Elec Auto-Lite 2 Vis debs
1950
Firestone Tire
27
22
50'%
33A
478
MS
East Tenn Va
cons
95%
J-3
Laughlin Steel 3 %s._—1961
Jones &
'
111
4%
A-O
East Ry
1st
22'%
3
6
4%
1970
Light 1st M 3 Vis
Empire Gas & Fuel
Railroad Co—
46
5%
4s 1995
H_
Elgin Joliet St East Ry
El Paso & S W 1st 5S
5s
stamped
46
,■.'
57% / 58%
95%"' 95% '
J-D
4s—1959
49'A
5%
A-O
Mackinac 1st lien gold
—1995
ASecond gold 4s—-—-—
1961
Detroit Term & Tunnel 4Vis—
1950
Dow Chemical deb 2Vis.
1962
Dul Miss & Iron Range Ry 3Vis.
1937
ADul Sou Shore & Atl gold 5s.
Detroit &
Duquesne
45%
21%
James Frankl & Clear 1st
80 3A
176
F-A
jADes M & Pt Dodge 4s ctfs..-.
—1947
tADes Plains Val 1st gtd 4Vis—1965
Edison 4s series F_—:—
1966
Gen & ref mtge 3Vis series G,
St rer 3s series
74
F-A
Detroit
Gen
103
203
43%
43%
J-J
108%
103
79%
77%
79 1
M-N
104%
;
*103
J-D
Dayton Union
14
105% 105%
J-J
Dayton P &
•
61
■
—1956
4AInd.& Louisville 1st gtd 4s
367a
47%
52
.,
Indianapolis.Union Ry 3%s ser B.1986
Inland Steel 1st mtge 3s series F
1961
977a
J-D
61
59
42
,77%
•
52
'
77
'
-
V
56%
3-D
'
•
-
56%
3-D
111%
37% '
J-D
58%
77%
1127a
*102% 103
.•
58
78%
63%
72
*87%
J-3
107% 108
,
;•
A-O
97
80
59 •
*61%
|
-
111 St Iowa 1st gold 4s.—.—1950
Ind
fe
•
108% 109"
M-N
M-N
ADeposit
110
67%
54%
85
72
0—t
—.1963
&'.ref 4%s series C~——1963
56%
42%
96%
"
>77%'
42
146
48%
•
58%
3-J
109
23
110'A 110%
1107a
M-N
High
Low
No.
67%
47%
V?
J-3
110
*109'% 110
M-N
—
66
'''
5
Consumers
Range Since
January 1
Sold
High
"93%
J-D
gold 3S——
Omaha Div. 1st
109%
1
26
,
43%
—
111
33
107% 108
107%
J-J
Low
100%
1037a 104'%
104%
■
A-O
I;
Bonds
'
Illinois Central RR—(Continued)
114
105'A 105%
A-O
Sale Price Bid & Asked
Period
f Week Ended Dec. 24 "•
108%
5
101% 102%
102 V/a
A-O
1946
3'/as debentures.,—.
—
1948
3V2S debentures—
—1956
3'%s debentures1958
Consolidated Oil conv deb 3 %S—-1951
JAConsol Ry non-conv deb 4s
1954
A Debenture 4s
—1955
ADebenture 4s
1956
Consolidation Coal s I 5s
1960
debentures-
3'As
.
High
113%
,
102'A 102%.
J-J
Consolidated
Low
No.
—
*109% 110
F-A
Ppwer s f 3%s A
1963
Cigar 3'As s. f. debs-1953
Conn River
*113%
J-J
1951
Interest
New York Stock Exchange
Range Since
January 1
Bonds
Sold
Sale Price Bid & Asked
Low
& L 1st St ref 47as
Conn Ry
FridayWeek's Range
Last
or Friday's
?
BONDS
Week's Range
or Friday's
Friday
BONDS
New York
91%
—
105'A
99'A
106%
~4
111
113'%
1
84
20
89'/a
6%
96
15%'
i
Volume 158
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
2599
NEW YORK BOND RECORD
Ended Dec.
Week
Last
Interest
Exchange
Stock
or
Bonds
Friday's
Bale Price Bid & Asked
Period
24
BONDS
Week's Range
Friday
BONDS
New York
High
Noi
Low
New York
Range Since
January 1
Sold
Week
-
—
.
Ref &
impt 4'As series C
Michigan Consol Gas 4s
*
{SjAMidland of N J 1st ext 5s
M-N
!
M-S
a
§ Consol ext 4'As
.
1st &
ARef
ext
72%
38
27%
57
61
32
56 'A
72%
65
M-N
"2
9%
•71/4
,7'A
7%,
26
27/a
3^8
.3'A
3%
18
2%
28%
28%
29
57
16
3-J
A 25-year
,
3-J
31%
26
16%
29
17
157/a
4'A
■
5
2
4%
.
7%
1%
2'A
6
76%
100
9
56%
225
98%
41%
43
40%
85
,33'A
54%
35%'
57%
19
38
1978
3-J
1959
J-j
Mo Kansas & Texas 1st 4s__,
1990
j-d
55'A
54%
1962
3-J'
66
64 %
A 1st & ref
"97
.
Prior lien 5s series A——
-
v.
67
J-3
52'A
54%
J- j
56
'57'A
A Cum
adjust 5s series A—Jan 1967
a-o
§3
{Missouri Pacific RR Co—
,1
A 1st & ref 5s series. AI_„—,—1965
f-a
55%
AGeneral
■
& ref
A Con v
of
ACertificates
;
of
23 'A
56%
.22'A
55'
.
•'
"M":N
"9%
1980
a-o
55'A
56%
55'A
114
5%
113
36%
55'A '
'9
56%'7
55
55
10%
"111% 113.
"113'A 114
Montana Power-1st & ref 3%si.—1966
3-D
35"%'
5s ext—
,1951
Morrell (John) & Co 3s debs——1958
w
M-N,
Morris & Essex 1st grd.3'As——2000
J-D
1;
V;
>
110
-
94%'
1
.-■45%
114
Dairy Prod 3'As debs.——1960
Distillers Prod 3 'As-i——1949
Steel
1st
mtge
50%
Af-S
"99%
j-j
85
85
1st &
52
52
53
104%:
101% 105
1
;
,1—
;
1st. 5s..
Guaranteed stpd cons;, 5s—
of
A 1st
J22
93
A-O
104
104
104
95%
J-J
85'A
85
2
40'A
56
60%
54
50%
62%
j-j
78%
78'4
79
301
66%
81%
j-j
65%
65%
65%
27
j-j
65 '/4
65%
65 Va
55'%
65%
68'%
68%
f-a
5s series
106
of
96'A
:
79'
103
104'
108
80%
707/8
67
'
70%
13
48:
70 ;
50
50..
deposit.
74
109
109%
"5
4
105
105
T<
108
108
75 »A
69
71
71%
•
3-J
72;
76
10
61'A
79%
52%
69%
'47'A
75
332
51%
67'A
56%
565
47%
61
63%,
272
52%'
67
67%
86
62 %
62
Af-N
85 '
85
j-j
82'A
,
86'
Y:
83%
77
67'A
F-A
77'%:
,
109%
108%
110'/..
109 3 a
107 Ta 109%
s3
106 Va
110'%
.103%
103% 103%
13
99%
105%
"97
98
92%
109% 110%
110% 111%
6
J-D
109'A 110%
18
J-D
105
105
5
J-D
104
104
15
110%
107% 108%
.
104
m-n
104%
86
98%
"108%
M-n
"105%
103
67
2
86
57%
101%
31
—
117%
103%.
106%
—'
98%
115%
109
101
107%
104
106
102
,
109 7 a
J-j
111%
106
102%
•55
11
106% 107%
J-D
110%
108
103%
3-D
*
107
"116
F-A
106%
106%
104
98%
a-o
M-3
112%
103%
110
86
f-a
.
109
103
3
"106
J-J
112%
112%
310
10
109% 109%
108'A
a-o
3-D
99%
109%
46
J-D
109%
106
106
1
303%
108% 109
37
'106%
109%
106 % 107 %
54
98%
108%
110%
106
J-J
F-A
60%"
,60%
1965
95%
96%
86%
187
86'A
A-O
"102
3'As A——1965
A-O
105
1st gold 4s———1951
—1947
A-O
100
N Y Edison.3'Ad series D——1965
A-O
108%
'
■
106
6i
Gen mtge 4%s, series E—1984
j-J
100
■
78%
77 'A
a-o
,99%
Peoria & Eastern 4s ext..
Alnqome
97'A
1947
—1960
...
-65
86
79%
a-o
1966
108'A 109
107%
'
gold 5s_—1948
Purchase money gold 4s———,.1949
..2000
N Y & Harlem gold 3'As
Mtge 4s series A__—-j— ..2043
Mtge 4s series B_—.
1—,,—;2043
N Y Lack & -West 4s series A——1973
3-D
;
>•
.
.
"115% 115%
F-A'"-'
"110
115%
110%
117 %
110%
112%
'
.
99'A
55%
"105%
Ai
100 ':* 105'A
;
j-j
j-j.
—1973 ;
102%' 103
m-n
71
•:
m-n
■
70% .71%
77
r
29
77%
55%
60
;;'l 13
90%
,
74 %
80%
111
53
23
24
44%
5%
106'A
96%
117
88'A
82'A
88%
10
82%
J-J
84
73
,
107 %
J-D
Phelps Dodge conv 3%s deb_—1952
98 '4
100'/a
112V4
58 V*
24'A
107
72%
1
96%
64%
88%
.57%
84'/a
104%
.Phila Bait & Wash ,1st gold 4s—
General' 5s series B
—1974
107%
107%
129
118%
129
2
111
125 Va
2%s
r__—1071
{Philadelphia & .Reading Coal—
;
A ref 5s stamped.,
—1973
AConv deb 6s^.,——
.v.—.L-.-1949
Philip Morris Ltd: deb 3s—
1962
3s debentures
:
...,.1963
96
107%
105% 106
M-3
110% 110%
4
130'%
112%
3-D
.
1st & ref mtge
129
123% 123%
3-J
Philadelphia Co coll tr 4 Vis——1961,
102% 102%
1
102
104%
38'A
141
17%
203
J-J
M-S
37%
38
17
16%
15
"105
M-S
6'A
J-J
6'A
"6
6%.
8%
43%
19'/«
106'A
104'%
"104% 1047A
'
20%
104
106
M-N
,
—
{SAPhilippine Ry, lstas f 4s..—.1937
ACertificates ,pf deposit..—,
2
F-A
3-J
General gold 4%s series C—1977.
.
/m-n
.
129
5
112
55
95%
96'4
M-3.
.—1980
gold 4'As series C—
Phila Electric 1st,& ref 3'As——1967
'
N Y Gas El Lt H & Pow
106%
"
110%'
107'A 110%
8
t
95%
"105% 107.
■
1st
100
'
.
23
J-J
,
36
108% 108%
106'A
11
99'%
F-A
•
106%
/
96'A
97%
21'A
55%
a-o
Apr
.
Apr 1990 1
4s..;—1
Ry, 5'As—1974,
Marquette ,1st series A 5s...H956
1st 4s series B———————.-1956 ;
867/s*
101
1
26
112
MS
Peoria & Pekin Union
102%
,49
100
-
117
.89%
105% 106
105%
Peoples Gas L & Q ref 5s__'
:
*
77
77%
F-A
Conv 5% notes.:
110%
108
55
105% 106
General 4'As series D—1.—k...^.1981
66'A
64%
11
101%
33
96%
96%
•■,.
66
100
—
;
122
82
50'A
66
,86'A
95%
MS
38
114% 115
J-D
3'As,.———————-1952
99 %
124%
108% 109'%
109%:
J-D
106
deb
110%
15
88%
119%
121
a-o
Conv
108
35
97%
F-a
B——1968
series
108%
3
98%
109
98
a-o
a-o
Debenture
1
109%
108% 108%
M-N
Pere
a-o
:
M-N
;
'70'A
47%
1
106%
..
gold .4'As..——.—1970
A"
48%
,-4
.15,
62
61%
62
.
109
■
F-A
..—1974
4'As series A———
General 5s
,
87'A
69%
53
17
'
62"
62
F-A
F-A
74%
3.
67'a"
66%
F-A
73
■
82%
j-j
C——1978
IN Y New Haven & Hartford RR
%
ANon-eonv deb 4s_——___^_1947
107%
108
1
,
General
58%
mtge 3'As: extended to—:—1947
—
10
104%
106'A
105
108% 108%
j-d
Pennsylvania RR—
:
/■.
'
: Consol
gold 4,s—;—
—1948
4s sterl stpd dollar.i,..May 11948
Gen mtge 3%s series p.,...'
1970
Cons sinking fund 4'Asu.—,.—.1960
'
.
55%
,
A-O
Ref & impt 5s series ,C—,——2013,
Conv secured 3'As———1952
N Y Cent & Hud River 3'As.
-1997
3'As registered—
—■—-1997
Lake Shore coll gold 3'As—1998
3'As registered—
——1998
Mich Cent coll gold 3'As
,—1998
3'As registered———.
1998
New York Chicago & St Louis—
Ref 5'As series A
——.——1974
,
4'As series B—
102
104%
108%
1963 ;
; 4 'A s, debentures.:—.,.
71%.
•
57%
55%
& ref.3%s series E.
107% 111
106% 110
j-j
Pa Ohio & Det 4'As series B—... 1981:
1st & ref 3%s ser D—
...1968
Penna Power & Light 3'A.s———1969
■
70
*103%
57%,
1st lien
111
J-J
^1966.
Pennsylvania-Glass Sand 3'48—1960
,72
69%
A-O
F-A
N Y & Erie—See Erie RR
109%
J-J
1966
.1955
Secured 4s
75%
■
51%
'.■49%
44'A
67%
67%
F-A
A-O
N Y Dock
19%
106%
,
68%
1998
N Y Connecting RR
101
109
108 % 108 %
J-J
.Pennsylvania Co-—
Guaranteed 3'As: trust,ctfs D.—1944
Gtd 4s series E. trust ctfs—.—1952
64%
50
"62
Ref & impt 4'As series A——2013
4'As series
110%
112'%
12
7
M-N
—
'647A
44'A
68
F-A
Newport & Cincinnati Bridge CoGeneral gtd 4 'As—^,——1945.
1st
63
17
3-D
,
Ref
110%
__
3-J
parmelee Trans, deb 6s_—
,1944
Paterson & Passaic G & E cons Ss.1949
,
97'A
41
69
69%
A-O
Central RR 4s series A.
16%
"108%
MS
paramount Broadway Corp—
<
1st M s f gold. 3s loan, ctfs——.1,955
108
26
33
■
59% :59%
*
Y
109
.2
112
107% 108%
M-N
Panhandle East P L 3s B——1960
97
95%
61
i
Alst 4'As series D»
A—1956
ACertificates of deposit——Alst 5'As series A———1954
ACertificates of deposit—
—-
N
45
109%
101
J-J
1st gold 5s———1946
Ref,mtge 3'As series C
Ill
73',
83%
■
.
104%
•
94%
5 9'A
A-O
C—
ACertificates
109
"112
.
3-J
%s ser A—1962
Paducah Si 111 1st s f gold 4'As
:
deposit—:——
——1956
of
ACertificates
Alst
109
M-3
1946
1961.
Pacific Tel & Tel.3%s series B
84'-'
105'A
104
J-D
119
122'A ,125%
2
,
"92%
J-J
—,1954
58%
51%
1st & .ref M 3s series K——....,1971
116% 118'A
\
(
7
95
94'A
'
77
106% 107
95
deposit———-i
series B—
5s
89
42
59'%
;lst & ref mtge 3s series J—...,.1970
'
ACertificates
94'A
69
109
51'%
J-D
,
70'A
19
82
3-J
{New Orleans Texas & Mexico Ry—
V
§ANon-cum inc 5s series A—.,1935
72%
59%
Pacific Gas & El ,4s series G
..^.1964 1st & ref mtge 3%s series H—1961
1st & ref mtge 3'As series I
1966,
:
70
25
,123% .124 %
/
124%
59
;
85
.117%
F-A
1st gtd 4s——1953
69%
156
87 %
J-D
Pacific Coast Co
100
95
85
85
117
,
105
103'/a
.
.84 'A
-
A-O
1st 5s series A—1952
92
63
j-j
1946
.1945
debentures
Otis Steel 1st mtge 4
108'A
116
J-D
ref 5s series B_—,———1355
New Orleans Term
114'A
50
70
90%
q-a
..—1965
...—.1967
.—1972
Oregon-Wash RR. & Nav 4s
108%
102%
j-d
j-j
105'A
13
102% 102%
104%
{ANew England RR gtd 5S..—1945
AConsol gtd 4s———^,——1945
82%
68%
6
Af-N
Newark Consol Gas cons ,5s.—,—1948
New Orl Pud Ser
"II
92
Oregon RR & Nav con gold 4s
1946
Ore Short Line 1st cons gold. 5s.—1946
46
19
,
A-O
Af-N
123
113
■
..
3-D
Ontario Transmission
100%
35
106% 107
1949
Tel & Tel 5S A—1952
1st gtd 4'As series B——,——1.1961
N J junction RR gtd 1st 4s——1980
N J Pow & Light 1st 4'As-.
—-1960
New Orleans Great Nor 5s A-——1983
N O & N E 1st ref & imp 4%s—,—1952
.
311% 112%
81%
105% 106
105%
{ANaugatuck RR 1st gold 4s_—_ 1954
New England
40
132'A
48
q-f
4s
108%; 110%
3s„—1965
3'As sinking fund debentures
National
124%
119'A
124%
—
,q-j
—
—
96'A
31%
173
44%
81%
j-d
13
P
Af-S
Nat
85%
49
34
■
,
q-j
1st mtge 3%s
Oklahoma Gas &.Elec 3%s——1966
107%
35%
72
111% 111%;
f-a
Nat
128
*120
r-
73
29%
44
.
...
N
Nash Chatt & St L 4s series A—1978
•
.
.37'A' ■54%
"109% 110;
m-n*
,1947
registered—
Ohio Edison 1st mtge 4s
1st mtge 4s—_—
113%
*
89
116
47 '•
42%
J-D
'''6
40
O
107
99%
49
48
43
106
,
A-O
{§AOg & l Cham 1st gtd gold 4s~1948
65
.
103%
"99% 100%
M-N
—,1955
1968
82%
"123
'
59
45'
12
-5,
94%
M-N
gold 5s (stamped can¬
of guarantee)—,
1945
of deposit-
1997
.
Constr M 5s series A—————1955
102%
5
*36
128
59%
38
459
105'A 105%"
48%
112%
59%
109
a-o
a-o
,
110%
108'".
'
'
15%
;
101%
——1965
Mutual Fuel Gas 1st gtd 5s—
V>
"105% 106'A
,
Mountain States T St T 3'As
v
'
Monongahela W Penn Pub Serv—
: ,
1st mtge 4'As„——————I960
Tramways
:
■
57'A
56
57'A
22»/4
108%
36% '58
55
F-A
111%
8%
5
58%
■
56%
9%
55 W
f-a
...._,_198l
Constr M 4'As series B.
59%
3,5%
11
58
55'A
M-S
Montreal
■27%.
36%
225
108%
430
109
38 Va
-
•
M-S
*
35%;; 59%
'
90
.
gold 3s
Jan 2047
•;
.,—2047
Ref Si impt 4'As series' a——2047
Ref •& impt 6s series B—
2047
Ref & impt 5S'series C:
2047
Ref Si impt 5s series D
.2047
Northern States'. Power Co—
(Minn) 1st Si ref mtge 3%s——1967
(Wise) 1st mtge 3'As———1964
Northwestern Teleg 4%s ext——1944
59%
55
deposit,—
debentures———*
4s
35%
,10.
-
S.-A
Gen lien ry & Id
3s registered
59%
•
.11
642
55
Monongahela Ry 3'As series, B—1966
6s
35%
; 35%
' 725
.
55
55'A
m-n
A
Moh'k & Malone 1st gtd gold 4s—1991
-
V,
.
•'
'
ofdeposit—-i—»
-
"151
,
56 'A' .56%
1949
ref 5s series L.
A Certificates
55%
—1978
deposit
gold 5'As
A 1st &
22%;
M-3
>—
A 1st & ref gold 5s series H...
■
M-3
197*7
deposit
5s series G—
ACertificates
,
56'A
7
2
18%
16
83
87%
81%
A-O
■
1961
Northern Pacific prior lien 4s—..,1997*
67
■
J-J
1998
2014
ACertificates
'
19*75
of
132
33%
55
59
r
57,.
series.«P,——
A Certificates
A 1st
.
32%
of'depo&it—,
4s—
Alst-& ref5s
cellation
■>
40-year 4s series B____——^.1962
Prior, lien 4'As series D———1978
A Certificates
Alst mtge
59%
i
19'A
9
•
100
Missouri-Kansas-Texas RR—
45%
12
8
104% 105
M-N
High
31%
w,
"108% 109
M-3
77'A
'64%-
16%
Low
3
^Ry
{Northern Ohio Ry—-
2%
5'As series B—.
t A Missouri-Illinois RR 1st 5s._
10%
109
....
<j-A
10'
18%
No.
108% 109
17'%
•
A-O
North Central gen & ref 5s
..,,1974
Gen & ref 4%s series a.—
1974
31%
30%
■
76'A
M-3
..1949
5%s____—
30
3-J
& ref 6s series A...*.*—.—1946
35%
"85"2
Range Since
January 1
Sold
,
Norfolk & Western Ry 1st gold 4s_1996
30%
28%
J-J
..
A 1st
M-N
-
J-J
{§ A Norfolk Southern RR -5s a
{Minn St Paul & Sault Ste Marie
JAlst cons 4s stamped-^--—,..1938
§ A 1st consol 5s
,.1938
§ A 1st stamped 5s gtd as to int,.1938
Bonds
High
"15
F-A
.1943
Co—
1st mtge 4'As series a_.
AGen mtge 5s conv inc
8
27
-1940
*
M-S
8%
Q-F
Friday's
35
35%
J-J
30%
M-3
27
,1937
F-A
,1967
Norfolk Southern
1962
50-yr 5s series A
J-J
{§ AN Y West & Bost 1st. 4'As—, .1946
96
,.1934
ref gold 4s
U
47
or
Sale Price Bid & Asked
10
.1937
,1966
Niagara Falls Power 3%s_,
Niag Lack & Ont-Pow 1st 5s A,. -1955
Niagara Share (Md) deb 5'As—. ,1950
63
■
65
-*,1949
{AMinn & St Louis 5s ctfs-.
A
54'A
*'58
J-J
78
109%
49%
■75'
72%
72
M-3
{AMilw Spar & N W 1st gtd 4s_...1947
{§ AMilw & State Line 1st 3'As
.1.1941
57%
104%
55
{SAN Y Susq &'W 1st ref 5s
§ A 2d gold 4 'As
gAGeneral gold 5s
A Terminal 1st gold 5s,_,^
N Y Telephone 3%s series B_:
102
.
7
95%
95%
■
J-D
1939
.
"52
J- D
97
,
Last
Period
Low
92%
4
73
,
104'A 104'A
A-O
t§ AMilw & Northern 1st ext 4'As—1939
72%
,
1
102
102
102
J-J
1979
_1963
1940
78
,:'90
M-S
....1951
1952
3'As
Week's Range
Friday
Interest
Exchange
Dec.
High
Low
Michigan CentralJack Lans & Sag
1st, gold 3 'A s..
Stoek
Ended
106%
3%
9
4%
12
8
7%
-
<—
„.,
42
M-3
•
.
<
4
5
43%
34'
52
a
3 'As—
1947
43..
M-S
A Non-con v
deb
ANon^conv
defr ,3'As-———,1954
a-o 1
deb
4s
3-J
43%
ANon-conv
deb
4s——Li.—,
M-N
41
43%
ANort-conv
•
.
43 7A
_
,1955
;
■
43%
.
:■
*4l'A V43''A
43% ' 44%
•
'
ADebenture
AConv
deb
certificates 3.'A s——1958;
_L
6s
4s_—
Alst & ref 4'As series of
;
1927—196?
42%
41%
43%
48
46%
49
76
597/a
77%
16
15...-.16%
52!
"
"
46%
j-d
1st, 4s
,
—
1954
M-N
107
>
•
44'A * 47 ' *
465
37'A, 62%
78
49%
8;'A; 21
AGeneral
4s
1950
N Y & Putnam 1st
cons
gtd" 4s—,1993
N Y Rys ,prior lien-6s ,stamp_,_—1958
,N Y Steam Corp 1st 3'As—1968
For footnotes
see
page 2600,
52'A
.
j-j
j-j
*
M-N
..
52.
9%
4
52%
F-A
—
F-A
—
16
.
157*
'■■ '■' 21
11
90'A
104
Series J
cons
•
,i..l960
1963
1..1964
guaranteed 4'As.
•
■
A-O
...1977
J-J
6% ' 12%
Pitts'Coke & Iron conv 4%s a—
...1952
Pitts Steel 1st mtge 4'As—
,.1950
1st mtge 4'As series B_
—1950
41%
306
113%;
112%
114
119%
119%
123%
105%
117
115% 116
34
105
117
107'/a 107%
23
100
107%
"113%
"119
..
-I
115% 116%
—
__
107%
*
113
111%
■
■
:
107
110
"113
■
104
"112'A
J-D
...1975
103 Va' 105'%
104'A
"104
.
M-N
...1970
2
.
7
58%
104% ,108%
108 '
Series I cons 4'As
-
5
,
123'%
,
109% 111%
•
Series H cons- guaranteed 4s
-
Gen mtge 5s series B
55
"107
106% 107%
f
■
Gen mtge 5s series A—
"110% '—
M-N
.
-8%
'3%
A-O
•'
N Y Queens El Lt & Pow 3'As——1965
9%
J-D
:
Gen 4'As series C
.36'A,
'
M-3
J-D
.
F-A
-.1957
31%;: 49%
,
.
; 539
•
102 '■ 102
■
..1949
32%. 53,
539
M-N
{AN Y Ont & West ref gold 4s-_—1992
'
173
"104
':'
..1943
,zl953
52
{AHarlem River &.Port Chester—
.
.
44"% '
M-N
Series D 4s guaranteed...—.
3eries E 3'As 'gtd gold——
49%
*
41%'
Ato
1957
31'A
33
.
.
'
j-j
—1940
.31%" 49
:..75'/
j-j
,,.
1948
—
g A Collateral trust 6s
ADebenture
—1956
'
25
.-46',
:
■
*
>
109%
Pitts Si W Va 1st 4'As series a—
—1958
1st mtge- 4%s series B—..
1st mtge 4'As series C
—1959.
—1960
;M-S
J-D
■
95
102% 102%
1.—.
103
J-D
103'%
98%
103'A
"102'A 103%
y
■
98'A
103 %
"103
57%
59
J-D
59
A-O
58'%
58
58'A
A-O
59
58
59
19
55
64
14
53%
63%
53%
64
113
THE COMMERCIAL &
2600
Stock
Ended
Week
Last
Interest
Exchange
Dec. 24
or
Period
gen
1st
gen
1st
4
Portland
5s
1st
1st
El
1st
&
rei
mtge
3s
&
rei
mtge
5s
1st
&
rei
mtge
8s
of Nor
Public Service
noi%
&
80%
81'/a
68
79%
79
79%
67%
79'/8
783/4
79i/2
67 y2
110% noy4
10334
Third Ave Ry 1st
110'/a
5J/as A
Af-N
no9%
J-J
Tri-Cont Corp 5s conv
ii2y8
106 y2
106'/a 106%
Af-N
97
109 y4
__
n47 y2 ■■
145 y2
*222% 224%
220
■
96%
10
88%
99%
92%
93 Vi
100
78%
95%
92%
1997
93
78
29
105%
1958
1960
105% 105%
14
106
1958
B—1961
0
105% 106
22
101 y4101
5s—.—1945
F-A
36
80
79
43'/a
43'/8
44%
58%
54
124%
110
108 v*
M-S
*109%
11
ny4
66
12
131/4
131
__
13
j-j
9
383/4
39
MS
u-j
22
V,
J
j-j
2.15s
2.20s
{ASt L-San Fr pr
Certificates
lien 5s
A Prior
ACertificates
M 4 Vis
A Cons
A-0
——
ACertificates
77%
95
89%
51
44
—
98%
10
91
100
90
90
2
73
deposit
series B
of deposit
series A
of deposit stpd
-
.
.
31
——
of
332
19
1978
Af-S
273/4
43
18%
.
110
20%
35
2
20
*101
*1013/4 102
100%
102%
*101
101%
101%
M-N
*101%
101
1013/4
M-N
*101
101%
102
1,084
19%
4s
23
19%
*101% 102%
101%
303
*101% 103%
101%
103%
102 V* 102 V*
101%
102 Va
M-N
f
M-N.
*101%
M-N
*102
F-A
101V*
1955
Cons s f 4s series B—
,1957
Va Elec & Pwr 3V2s series B—:
1968
Va Iron Coal & Coke 1st gold 5s„1949
F-A
102% 102%
X
Virginia Pub Serv 1st mtge 3%s„ 1972
1st gtd 5s
2003
Va & Southwest
1st
11
92
46%
88
37'A
65%
f
21V*
52
35%
85%
89
69
92
*108%
35%;
j-d
'
+* Mr
"
■
*1021/4
M-N
17
224
MS
Gold 4 Vis
—
40
F-A
413%
,1958
A-O
y-s
San
1971
1981
1991
4s series A.
4s inc series A
AGen mtge inc 45/4s ser B
1st mtge
126%
-
AGen mtge
"■
—
1*
50
4%
•
303/4
19%
33
13%
29%
28%
729
15
30%
52
14
29 Vi
19
28%
27 3/a
26%
271/4
40
41%
2
34%
44%
178
15%
34
361/4
2
17 U
4,1
271/4
M-S
443/4
F-A
F-A
j-j
lOOVa
1001/4100%
j-j
101
101
31
99 %
40
'
1941
104% 105'%
■
A-0
1952
58
103
103
103
F-A
—^
*
443/4
Washington Term
.
36 %
Gen
West
61
101%
105%
1013/a
104
1051/4
107
123
>
123%
gtd
mtge 3V2s
Penn
Power 1st
5s E
Apr
Apr
A-0
*107
951%
——
35%
27%
35%
*35
26%
34 Vi
A-0
*36
25%
38%
38%
1
98
2
F-A
*98%
—
1945
F-A
*99%
—
1966
J-D
54%
69%
Af-S
65%
65
66 3/4
276
55
681/4
Af-N
643/4'
64 %
66
503
53%
66
66
379
j-j
A-0
64%
64%
•
?
J-J
:
1945,
'
'
98
97%
28
92
101
3
84
100%
18
89%
103%
7
110%
:110
95
75
'
20
36%
753/a
103
36 '4
101
84
101%
87 V's
102%
83
101%
102%
102
102%
52
M-a
101%
100% 101%
91
101% 1013/4
2
55
55%
61
43
61
51%
52%
34
41%
56%
1021/2
104%
West Va Pulp & Paper J3s
1954
.
Wheeling & Lake Erie 'sK 4s__
,1949
Wheeling Steel 1st 3'/as series B—1966
Wilson & Co 1st mortgage 3s_.
1958
Winston-Salem S B
1st 4s—1960
107%
M-N
J-J
J-J
i!%
52%
*102
M-a
111%
91V*
91%
33
101% 101%
M-S
102%
*111 VB
J-D
11
913/a
A-O
*116'/a
J-J
10
106
HO3/; 1103/4
*49
51 Vi•
3.
54
ACertificates
ACertificates
104%
28
104
107 Vi
10
104%
1053/4
347
100%
of
1949
deposit
v-N
*103
58%
58 3/a
63
Af-N
16%
15%
16%
of
*__
A-0
1968
1971
1948
M-S
1960
Wisconsin Public Service 3V4s
J-J
M-N
110
c7e" /e/un?
s f SOU 4s_
F-A
-—1953
Ref & impt mtge 3%s series B„1974
Tcxarkana & Ft Smith 5Vis A
1950
Texas Company 3s deb—
1959
3s
debentures
I—""—1968
*1051/4
91
111 Va
100%
101%
D4%
116%
93
90%
119
125
102
105%
110%
113%
jrm/3
—
10514
88
94
91%
14
104%
106%
105%
-107
A-0
105 3/a
104% 1053/8
12
Af-N
105%
105% 105%
23
84
47%
673/4
65
'*—4-
26%
14%
151/4
23%
109
112 Va
107
1
108 %
Conv deb 4s
1st
mtge s f 3%s series D
103%
1013/4
102%
23
101%
1013/a 101%
12
95 Va
102
101%
d:..
1033/4
125
*lliy4 112%
J-J
J-J
F-A
148
*107% 108
Youngstown Sheet & Tube—
106%
102 V*
1033/4
16
110.
deposit
Wisconsin Elec Power 3y2s
1031/4
1033/4
"I
104
*119
j -j
Va
88
47%
J-J
:
111%
102% 110
no5%
1944
—
102%
-
102%
104% 1051/4
M-N
1951
109
■
—
trr
Deferred
delivery sale
not included in the year's range. *
n Under-the-rule sale not Included
d Ex-interest, e Odd-lot sale
In the year's range, r Cash
pound unit of bonds.
tThe price represented Is
Accrued interest payable at the exchange rate
receivership, or
securities assumed by such companies.
{Companies reported as being in bankruptcy,
the Bankruptcy Act, or
•Friday's bid and asked prices; no sales being transacts
ABonds
selling flat.
not
sale
range.
§Negotiability impaired by maturity.
5s
1011/4
111%
41%
{AWisconsin Central 1st 4s_
a
& RR gen
11,
J-D
not Included In the year's
Terminal Assn St L 1st cons 5s
77%
5s
Included in the year's range,
Tenn Coal Iron
94
102,
gold
SASu & Du div Si term 1st 4s,„1936
100 A
,_1956
l9ol
84 %
13
100% 101%
%
67
98%
74%
74%
M-a
885/a
74%
101
88
88%
J-J
108%
5
w-M
101
-
105% 105%
105
112
112%"
112%
105
.
103% 103'/a
J-J
J. J
81
873/4
(Jan 2, 1944)__
Superior Oil 3Vis debs
Swift & Co 2%s debs
1063/4
27
95
106
'
4- —
—
85.
92
683/4
100
1103/4 111
w-
91%
82
7
54
74
100
—
Af-N
J-D
85
72%
96
96
'
70 Va
564
100% 100 %
A-0
Apr
913/a
94
94%
j-j
101V4
85
;
72%
A-O
x
101A
871/2
1041/a 104 3%
104%
A-0
j-j
♦
93%
62
89%
j-j
66
7
1011/4
100
91
J-J
521/4
10018 lOOHi
.
101'%
110%
106
109%
y
98%
M-N
Teleg gold 4%s„„ 1950
5s——
1951.
U—~~
I960
Westinghouse El & Mfg 2yas_,1951
West Shore 1st 4s guaranteed',
2361
Registered
;
—2361
120-%
108 %
'
.
*iny4
104
118%
5
r.,
104
104
*noy8
j-j
98
88
'
*108s/a
M-a
45
31
102.
118% 119
J-D
M-a
ref 5'/aS series A
99
98
35
100
91
21
25-year
91
362
Af-N
37
1
35%
A-Q
F-A
30-year
98
68
67%
1968
debenture
72%
-
66'A
Standard Oil N J deb 3s
6s called bonds
1
67%
F-A
2%
167
__
26%
37
{AWestern Pacific 1st 5s ser A—1946
A 5s assented—
1940
109%
109 3/4
Af-S
ASpokane Internat 1st gbld '4%s_,2013
Stand Oil of Calif 2%s debs
—1966
Studebaker Corp conv deb 6s
98
*90%
'
J-D
,1961
1953
1071/4
105
•
8
53%
3
36%
M-a
A-0
&
66%
53%
34
52%
Maryland 1st 4s_,—1952
1977
1st
.44
91
52 >/»
98
1st mtge 3%s series I
Western
54
65%
F-A
1950
—1967.
——.,1963
100 Va
89
66%
66%
A-0
.
j-d
1964
—1972
'•
'
5s
4s
107%
105% 1053/4
j-j
1955
.
Pub Serv
•
*123
A-0
J-J
Southwestern
6
83 Va
99% 100 %
100
Q-Af
1st gtd 3V28,
5s stpd
j-j
1948
1945
1st 40-year guaranteed 4s
Westchester Ltg
102
1
:
105% 106
j-j
—1950
Southwestern Bell Tel 3Vis B,
1st & ref 3s series C
86
111
—1955
3%s,_2000
1st ref gtd gold
Washington Central Ry 1st 4s
5P%
9
,
1975
—1970
1978
1980
series B—
4y2s series C
5s series D
Walworth Co 1st mtge 4s
Warren RR
102
101
*51
F-A
14
143/s
201/4
-
ARef & gen
ARef St gen
212
201/4
19
ARef gen 5s
49%
19
1946
Ry 1st cons gold
72V4
108%
78%
Wabash RR Co—
106
US
—1994
Devel & gen 4s series A—,,——1958
Devel & gen 6s__.
1956
Devel Si gen 6Vis
1956
Mem Div 1st gold 5s—
3990
St Louis Div 1st gold 4s„
1951
Southern
79%
110% 110%
79
110%
24%
104
A-0
1954
1961
South Pac RR 1st ref gtd 4s—
91 %
110
100
92
—
w
92
31%
273/4
199
.
F-A
1935
1933
secured 3%s__
Fran Term 1st 4s„
104%
*94%
72
28
3
40
39%
11
A-0
1933
10-year
79%
84
123
'
—
A-O
Aug 1949
,—1949
1977
1968
—1969
1981
—
90%
90%
90%
J-J
•50%
102%
23
1041/a 104%
Pacific Co—
Gold 4Vis
114
112
112
93
101 Vb
"
'
104%
6%
55
22
31 'A
A-0
1979
Gold 4 Vis
108%
111
109»3
112
112
M-S
'
21
M-a
85
a
30%
w.——'
—
108%
__
109% 109%
*110% 112%
M-N
—1966
5s____
cons
Virginian Ry 3%s series A.
98
j-j
1964
—
102
103 V*
103
'
F-A
1963
,1962
(Oregon Lines) A
101%
102
1023/4
103 di
39%
27%
96
j-j
1945
& Tel 3V4s
registered
1st 4Vis
102%
M-N
M-N
97
39%
52
j-j
A
coll)
101%
101 % 101%
'
debentures———1950
(Cent Pac
..
M-N
Western Union
4s
1013A
101
102% r.
,
M-N
93 %
407/8
28
66
69
j-j
1952
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
Southern
102
108%
97 Va
41%
36
27
27
M-N
unstamped——.—1950
—„
1950
Oct 1949
1959
debentures
101%
A-0
37%
27
•
1989
{ASeaboard All Fla 6s A ctfs
A6s series B certificates,,
Shell Union Oil -2 Vis debs—
23/4S sinking fund debentures
{§ ASilesian-Am Corp coll tr 7s
Simmons Co debentures 4s_—
3s
102%
100'/a
A-0
38 Vb
32'%
34%
1950
35
—.
VB
34
j-j
Nov 1989
6s
Bell Tel
94%
38
101%
M-N
Vi
32%
31
31%
j-j
1950
of deposit—;
series A.
ACertificates of deposit
t§AAtl & Birm 1st gtd 4s
South
105 Va
15
1944
1944
Vandalia RR cons g 4s series A
ACertificates
Skelly Oil 3s
4
1003% 101V*
101% 101%
M-N
,90V4
Af-S
j-j
stamped
AAdjustment 5s—
5 A Refunding 4s
cons
106% 106 3/4
101 %
111
1951
{AWabash Ry ref & gen 5%s A
A 1st
106Va
78
98V4
—
,1959
,1955
{Seaboard Air Line Ry—
gold 4s
105%
104%
49
95
78
j- ■
§A4s gold
108%
—
a
90%
95
1990
St Paul & Duluth 1st cons gold 4s_1968
{ASt Paul E Gr Trk 1st 4'Vis
1947
tS&St P & K C Sh L gtd 4 Vis
1941
St Paul Union Depot 3Vis B
1971
Schenley Distillers 4s s f deb
1952
Scioto V & N E 1st gtd 4s—
1989
§Alst
108
J-D
97 V
6
96
75%
lien 4s A
5 A 1st term & unifying 5s
AGen & ref gold 5s series
—
Stockyards 4y4S w w
& Trac 1st & ref 5s
Utah Power & Light 1st 5s
97y4
78%
*94%
—
94
.
bond ctfs
4s inc
109%
97 Va
23
J
United
78
1st
A 2d
62
943/4
Louis-Southwestern Ry—
4s bond certificates
{St
103
67
.
I
•'
2.65s
61%
102
Utah Lt
—
Af-N
—
107%
55%
—
—
2.60s
61%
j-j
—
—
108
62%
#
.—May 11949
—————Nov 1 1949
V
——a——„May 1 195(P
Nov 1 1950
May 1 1952
Nov 1 1952
i
—May 1 1953
Nov 1 1953
May 1 1954
NOV 1 1954
May 11955
—
2.10s
15%
"j-j
5s,_
P 5s stpd
L Rocky Mt &
A
105%
*106
--
107%
103 3A 103 %'r
debentures
2.05s
Af-N
St
St
99
*105% 106%
107% 107%
^
Steel Corp—
States
'
2.35s
A-0
1043/4
31
107%
103
A-O
Serial
40
14%
-
9y2
105%
100%
M-a
N
19
102%
5
1033/4
F-A
109%
127
40
-1948
deposit
{ASt L Peor & N W 1st gtd
L Pub Serv 1st mtge 5s
112%
SVa
A-O
United
90'/2
of
109%
13
A-O
U
124%
—1933
stamped
111
% 103
102% 102%
lix-N
,,1955
2.55s
Certificates
117
107%
J-J
Cigar-Whelan Stores 5s—,1952
debs
-.1958
RR & Canal gen 4s
1944
2.50s
4s
116%
105%
102
J-J
United Drug 3'As
*111%
Af-S
mtge 3y2S series A
United
86
..
*125%
.
M-S
1971
—1980,
United Biscuit 3%s debs
110
M-S
_3z
Ref
102
27
80 V*
1947
1970
;
—
35-year 3%s deb—
.;
106
100
5
a-0
Grand Island 1st 4s
1947
St Lawr & Adir 1st gold 5s
1990
2d gold 6s—
1
1998
{St Louis Iron Mtn & Southern—
ASRiv & G Div 1st gold 4s,——1933
A Certificates
of deposit,—,
117%
106
A-0
.—1959
—,1967
land grant 4s
&
1st
105%
101 y2
y4
j-j
Jos &
102 "/a
111
Af-N
34-year 3%s deb_
106%
2.45$.
Bt
100%
101 Va
91
Pacific RR—
Union
95 V*
102%
101%
105%105 %
1968
877a
100%
106
*116
—'
1971
3%s_
debentures
3s
-1997
Ltd 1st M 4Vis
,
101%
101
U
2.40s
Saguenay Pwr
96%
*883/4
.
.
*101'J/4 103
112Vi
{§AUnion Elec Ry (Chic)
Oil of Calif 3s deb
96 Vi
Grande West 1st gold 4s
.,,1949
A 1st cons & coll trust 4s A—
.,,1977
Roch Gas & El 4'/aS series D
.,,1967
Gen mtge 3%s series H
.,,1967
Gen mtge 3Vis series I—
.,,1969
Gen mtge 3 Vis series J
—1934
{§AR I Ark & Louis 1st 4Vis—
—1949
{ARut-Canadian 4s stpd
—
—1941
{§ A Rutland RR 4 Vis stamped—
—
76
371/a
222%
109
110
110
A-O
R
{§ ARio
21%
149%
J-D
3..1939
.
853A
109 y4
J-J
1951
Rand deb 3Vis
Republic Steel Corp 4Vis series
Gen mtge 4Vis series C
Revere Copper & Brass 3 Vis
,
,1953
deb A
Union
Remington
72
30
Ham &
Union Electric Co of Mo
4s
71
28 3/4
—
1st 4s_—
1950
Buff 1st gold 4s__1946
Trenton Gas & Elec 1st gold 5s—1949
Louis & West
St
Toronto
20%
91
*97
Af-3
3%s_, 1960
Tol & Ohio Cent ref & impt
Tol
2037
2037
111 3Va8——-1968
Reading Co Jersey Cent coll
Gen & rei 4 Vis series A
Gen & ref 4Vis series B
71%
853/4
112
62%
30
1960
Jan 1960
ref 4s
AAdj income 5s,
101
88%
3iy8
107%
7
116 Vb
1980
1964
100%
95%
15%
High
101 Vi
1977
ref 5s series D
105%
—
llvi
January 1
Low
ref 5s series C——1979
ref 5s series B
&
108%
—
Range Since
Hiah
115% 115%
*111
1956
1968
—-1972
;
Gen
Tex Pac Mo Pac Ter
90
42
*108% 1087/a
1957
4s—
Terminal 4s
Gas 3Vis
{^Providence Securities
Publ.c Service El &
1st
*105%
1977
1951
3'As
Pressed Steel Car deb 5s
{AProvidence
124
1960
1st M'3y4s
Pwr
mortgage
118%
99% 100
Week's Range
or Friday's
Last
Sale Price Bid & Asked
2000
1st gold 5s
Texas & Pacific
109
Gen
Gen Elec 1st 4,/aS——1960
extended to—,
,—1950
Potomac
107 Va
100
Period
24.
Dec.
Low
Gen &
1977
Interest
Exchange
Stock
Ended
Week
High
*122
A—1948
1962
,——1974
5s series B,_,«,,
5s series C
V2s series D
1st
Low
No.
*107% 108%
& Ash 1st 4s ser
Pitts Young
January 1
Hioh
York
New
Range Since
Sold
Asked
Low
,
Bonds
Friday's
Sale Frlce Bid &
Friday
BONDS
Week's Range
Friday
BONDS
York
New
Monday, December 27, 1943
FINANCIAL CHRONICLE
the dollar quotation per 200of $4 8484.
u
reorganized under Section 77 ol
i during
current week.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
158
2601
NEW YORK CURB EXCHANGE
WEEKLY
In
a
In the following
the
Friday
Ended
Week
Exchange
Curb
of Prices
Wire
Aero
Co
Class
B
Air
Investors
2V2
2,300
2»/4
1,500
Great
Alabama
Power Co
2%
2%
2%
——3
50
Ludlum Steel—1
7% preferred -—:
,—
Bourjois
4% May
Bowman-Biltmore
1%
Jan
3% July
Jan
1%
Jan
1,600
3
10
Aluminum Industries
Ltd
Aluminium
102
Box
Central
American
29
30%
7,800
Nov
111%111%.
800
106%
Jan
100
13%
Jan
18%
Oct
Jan
11%
Sep
29%
is y2
6
75 y2
y2
100
Ts
7'/a
"5%
120
Oct
■
100
20%
Jan
7%
300
4V4
Jan
8
5%
5%
Jun
July
15%
1%
2
Jan
42
15%
20Q
35
Jan
37%
3% July
,V Jan
1,500
2
Oct
241
37 y8
Jan
July
45
41%
41
y4
39
41%
8,4 CO
36%
Apr
1
1%
7,600
%
Jan
15'/a
500
12
Jan
17%
26%
4,600
19 y4
Jan
29% July
107 y2
150
93 ya
Jan
Jan
Jan
107
—100
...
Jun
14%
25%
26%
July
112
6% July
5%
5%
1,000
34%
35%
425
28 y2
14%
200
13% Jan
23%
20 y2
Jan
28
13
Jan
19%
Feb
26%
Apr
25
Jan
Light & Trac common—25
Jan
89%
Oct
Jan
1%
Oct
25%
26%
17 y4
—,—-I—
25
American Mfg Co common———100
Preferred —:
100
American Maracaibo Co—
1
American Meter Co
.
*
American Potash & Chemical
*
American
Republics
10
American Seal-Kap common—
—2
16%
17%
1,700
preferred
"
80
60
88
87
%
1,900
.1%
23%
400
20%
Jan
26%
Sep
45
46%
200
44
Nov
57%
Jun
10%
10%
1,800
5%
Jan
13% July
3%
3%
100
2%
Jan
5 % May
*
■
American
preferred—
preferred—
—*
Thread 5% preferred——5
American
Writing
Angostura-Wupperman
——-——
Jan
14%
2%
700
17 V* July
Jan
Jan
4
May
4,400
2%
300
2
Jan
5
2
1
""4%
2%
—2
.—
Jan
51 May
105% Oct
"4%
Paper common—
Fence
Post
60
175
3y8
14%,
$0 series
Anchor
ia
24,700
104 y2105 y2
2%
500
1%
Jan
2%
Jan
700
8%
Jan.,
15%
Jun
.
2-%
Amer dep
108
14
107% 108%
3%.
3%
1%
3 y4
3%
5%
Jan
Sep
May
10
97%
8%
Aug
97%
Jan
1,300
1%
Jan
5%
Jun
5,200
1%
Jan
6%
Jun
'-8%
88 %
Apr
6%
10% July.
Jan
50
Nov
500
9
111.
160
500
10
97%
-
Ashland
100
.
Dec
10% Aug
Co—
Canada—
Industries—
& Refining
Oil
Associated Laundries of
Associated Tel & Tel
Atlanta
Atlantic
Coast
5%
Jan
10
Jun
6
900
4%
Jan
7
July
12%
Jan
*
5.%
6%
1%
Fisheries—
7%
8%
—*
8%
A May
Feb
Feb
3%
Jan
-
8,100
Jim
8
Feb
69%
-*
pfd—100
class A
17% Nov
Dec
Va
£1
-*
Coast Line
Atlantic
Co
-50
—
2%
80
8%
Sep
May
Dec
Voting
Automatic
1%
11%
..
300
12
.
3%
600
4%
47/B
800
40 % May
Jan
8% July
2% July
Jan
.
■-5% Nov
8%
Nov
12%
10%
3%
t
Apr
Nov
2%
Jan
5% July
3%
Jan
6
Jun
22
10%
10
1,100
4%
Jan
11
July
22
8%
& Sons
4y2
200 :
4%
6%
"
1,100
5%
3%
*
Machine—.—,
1%
common——5
preferred
—25
Ayrshire Patoka Collieries—;
1
(B F)
Avery
1,500
5%
1%
'Jan
75';
8
8
8
Corp
———
1
Atlas Corp warrants
—
Atlas Drop Forge common.—.;
5
Atlas Plywood Corp
——.1
Automatic
Products——4
,—1
Rayon
Atlantic
Power
class
125
16%
Jan
23
Sep
5%
Jan
10%
Dec
10%
200
Class
A
20%
2,800
19%
Dec
26
Jun
Baldwin LocomotivePurchase
warants for
!
preferred
7°!o
Barium
Bell Tel of Canada...
Benson
&
100
....
Bruce
(E L)
100
3%
Jan
%
Jan
13%
100
4%
5%
4,900
-
.
...
-
9%
Jan
4
Jan
6% July
Apr
3%
16
'
;
300
Jan
3%. Feb
7%
Jan
126%
Co
Buckeye Pipe Line
Buffalo Niagara
$1.60
$5
Burco
&
Inc
$3
preferred
15
55
6%
Oct
Sep
Butler
(PA)
Voting
Cables
American
Calamba
2S05.
Electric
15% July
45
Jan
42
Jan
Jan
1% July
9% Mar
13% July
6
Jan
3%
Jan
9% July
10%
Jan
16% Mar
Jan
*"2%
700
2
Dec
3%
600
1%
Jan
Aug
Sep
22
,
3
•
%
Feb
Aug
5% Aug
22
Aug
2% Dec
4%
July
Sep
15
26%
77%
77%
20
Oct
84
Nov
1%
1%
100
A Jan
2
May
21%
21%
'
100
i
~8% "9
'
--
75
14%
Jan
July
Oct
Dec
22
6Vb
Feb
5
Jan
7%
Jan
10%
Jan
16%
Dec
82
Jan
99%
Oct
Jan
13 v2 May
Apr
31% May
1% Jun
t
0O
10
Mar
16%
'
*
16%
97
150
11%
16%
—
11%
800
6,800
25
•
•
9%
~1% ~1 %
600
4 %
17,800
3%
A
Jan
%
Jan
4% July
2%
"4
Feb
5% Mar
10
3
50
Apr
May
July
5Qo
Tungsten
Camden
Canada
Canadian
&
Car
7%
4%
4%
900
1%
Jan
6% July
20%
Dec
4%
4%
300
3%
Jan
5%
Oct
4%
4%
100
3
Jan
5'/a
Oct
1%
1%
7,900
—
—
•
—
&
M)
(A
Hudson
Central Maine Power 1%
New
Central
York
Ohio
Central Power
Central
&
—
Light 1%
Co
:
Chicago Rivet & Mach
Chief Consolidated Mining
.
Childs Co preferred—
Cities Service common
£6
A
Claude
$7 preferred
—
Colon
6 %
Coal
.
Co
Plow
Patent
Columbia
5%
&
Gas
Conn
$3
c
Gas
4%%
Gas
July
Aug
Jan
11(5
84%
Jan
99
100
7%
Jan
Apr
1% May
10% May
8%
8%
4%
Jan
Jan
50
97
84
%
64%
Jan
400
5%
Jan
400
Mar
375
14%
39,500
3%
95%
6,300
9%
500
% May
26% Aug
May
Jan
98 %
Jan
11%
Jun
140
48
Jan
96%
Jun
80
76
Jan
99%
Dec
73
Apr
99
680
500
4%
7%
100
6% Feb
13
400
19
%
Jun
July
8
4%
7
•
Sep
84%
51%
99
7%
Sep
105
18 %
85
18
Sep
9
14% Aug
Jan
99%
6%
9
A Jan
9
18 %
13%
89
Jan
Jan
425
6%
6%
80
97.
I!
Jan
36
13
13%
1,100
11
H%
Apr
Jun
Dec
8% May
8
Jun
22
1 Vb
July
July
5%
Apr
28% May
275
35%
Jan
% Jan
1,700
5%
13
Dec
A Jan
98%
18
109%
4% Nov
100
82
99
Oct
9% Mar
5,100
5
300
36% NOV
Jan
19 Va July
6
7%
Jan
14
July
Mar
3%
Dec
Mar
2
•
11%
Jun
~9%
100
8
5%
800
1% Jan
7% July
5
Apr
10% July
4
7%
.
-
/ 6%
7%
2%
2%
2%
3,300
'
Feb
1%
J<an
1,550
39
Dec
11Q
42
39
41
.
Jan
3%
1,100
'•55%
24
Jan
A
21,700
20%
20%
150
A
4
55%
9%
%
Jan
14
15Q
a'a
J an
7% Jan
July
Feb
100
100
1
1%
4
65%
64%
4
66%
Apr
11% July
% May
%
1
•
July
Apr
Jan
32%
100
2%
Jan
5%
1,300'
56%
Jan
67
•
Co
Sep
is Mar
22
26 %
.*
common
Utilities
10/
60
1/64 Jan
700
1
A
<
:
preferred
56
1/64
...25
1
common
preferred series C
Consolidated
10
2,000
5K
8%
—
1
warrants..
1946
—
Biscuit
series B
8%
Oct
Feb
Jan
60
98
Jun
4%
6
800
%
13%
91
8% July
Jan
17
.100
Southern
& Coke Secur
Consolidated
V*. Jan
21
Electric—
Consol G E L P Bait
4%
6%
•
25
Arms
extended to
preferred
8%
13
2%
2,200
.i
-
V t
37/a
Jan
15
—£1
—
preference
&
3%
•
common
—
Fire
100
83
84
Development ordinary
preferred
19
Oct
18% Jun
Feb
6%
1,100
Jan
9%
_•
Co
50%
7%
1,600
10
97
—100
Corp.
Utensil
13%
—
1
4
•
Cleveland Tractor common..
Aluminum
Aug
4%
1-',
1
I
Lights Inc
Clayton & Lambert Mfg
Cleveland
Electric Illuminating
Club
5%
'
10"
Neon
Clinchfield
^
—•
•
*
*
•
preferred BB
Co
Jan
112
102
10
.
preferred—.
preferred B—,—
Controller
Aug
114 '/a
10
5
.25
5
.4
—1
100
...
Cherry-Burrell common
60c
116
8%
—50c
Chesebrough Mfg
$6
Jan
100
pfd
Corp common..
Shaft
106%
97
1
Cessna A'rcraft Co.
——1
Chamberlin Metal Weather Strip Co__5
Chicago Flexible
30
8%
3%
_•
West Utilities
South
&
Jan
19
pfd__100
Products
Steel
38 %
~9%
*
com
5%
Apr
70
preferred.100
Power
7%
100
7
1
America...
Gas & Elec
23% May
6%
102
—10
Co
of
Corp
Nov
47%
13%
1
.........
2% May
13%
114% 115%
$7 preferred—*
$6
preferred
•
Carrier Corp common...
—1
Products
Mar
5% Aug
Oct
150
6%
Carolina Power & Light
Casco
Aug
47%
—
.
•
Co common
Jan
Jan
22
•
*
(JW)
U
9%
1%
•
A
Oct
140
100
common.—.
Carter
23
■
1
class
Co
Aug
Oct
Jan
—25
—
Carnation
Apr
7
1%
Alcohol—
Capita^ City Products
Co
3%, Jan
1,100
pfd—100
preferred—
Central
Apr
3%
5%
6%%
Industries Ltd—
&
July
Foundry Ltd—
Canadian Marconi
Class B
3 Va
...5
voting
non voting...
Class B
Catalin
Apr
1%
1
.....
preference
Industrial
A
Canadian
7%
1%
5%
Assn
Co Ltd
Participating
Canadian
Corp
Insurance
Fire
Cement
Class
A Jan
% Dec
—
10
Colt's
Jan
37%
18
17
Jan
Power
Sep
Nov
45
Jan
Jan
50c
Dec
33
44 %
12%
11%
£1
1
Community Public Service
Community Water Service
Compo Shoe Machinery—
11 Jan
100
200
5%
pfd
Apr
250
16%
11%
Estate—.'
Sugar
California
Callite
dep rets 5 %
136
700
July
Wireless—
Jan
3,300
18% July
300
certificates...
trust
&
115%
1%
33
7,200
Cable Electric Products common
20
14%
Jan
Jan
1%
'
~2
12 %o
-25c
126% 126%
1%
■
15%
—
•
common
Commonwealth
14 %
Apr
May
12% May
15%
16%
—
Burma Corp Am dep rets
Colonial Airlines
Colorado Fuel & Iron warrants
35
1%
1%
75
15
....
Mar
200
Jan
Oct
7% May
14%
—
96 Va
July
6%
A Feb
25
5
6%
44 %
Jan
10 % Mar
2.50
25
%
600
.
•
Sullivan...
Nov
50
74%
preferred
Hill
2%
2,500
69%
2%
25
preferred
1st
Bunker
100
%
74%
700
Aug
Power—
3,100
12%
5%
Sep
119
20%
——
& East
3%
%
5%
-
14%
—
14
12%
5%
—5
common
23%
%
Jan
1
3%
12%
61
99
12%
21%
common
23%
21% Mar
10
7% Mar
22%
—1*
14
-
3%
1
common
page
Apr
1%
13%
*
see
7% May
3 Va
*
Ridge Corp common
.1
$3 optional convertible preferred.
•
footnotes
2
Jan
Mar
mJL
Mills Ltd
Bruck Silk-
Cockshutt
com..•
common
Blue
For
Nov
l
Birdsboro Steel Fdy & Mach Co
(E W)
Dec
39%
1
Berkey & Gay Furniture
Bickfords Inc common
Bliss
7%
Jan
•
,1
Hedges common
preferred
Convertible
Blauner's
6%
1%
2
Jan
24,000
—*
6V8
...
Stainless
2%
29%
1,700
7%
—J''.
30
common..
1
Steel—*
—.—1
Barlow & Seelig Mfg—
$1.20 convertible A common...
5
Basic Refractories Inc——
1
Baumann
(L) common..
——•
7% 1st preferred—
100
Beau Brummel Ties.
—1
Beauni: Mills Inc common
10
$1.50 convertible preferred
*—20
Bellanca Aircraft common
—1
Rubber Co
Baldwin
6%
6%
common
2
99
1
prior preferred
Clark
19%
1,500
2
22% Sep.
preferred
preferred
City Auto Stamping
City & Suburban Homes—.
B
19%
Sep
3,700
~9%
1
»
$6
•"
3
3%
9
*
;
Brown Formau Distillers
Cities Service P & L
Babcock & Wilcox Co—
12% May
3
3
*
A
—
Brown Fence & Wire common.
Charis
29%
29
23% Jun
Jan
...10s
rets ord reg
Central
America
& Coast RR Co
Birm
500
.*
dep rects reg
American
7%
7.
„1
Associated Breweries of
Associated Electric
reg
B
Castle
-5
Art Metal Works common——
Jan
Ltd—
Columbia
Ciass
Carman
13%
Apex-Elec Mfg Co common
•
Appalachian Elec Pwr 4%% pfd—100
Arkansas Natural Gas common
—*
Common class A non-voting
•
6%
preferred
—
—10
Arkansas Power & Light $7 preferred.*
Aro Equipment Corp hew-——2.50
Jan
7%
300
Jun
July
%
1
%
%
11%
9%
Va Feb
Apr
Sep
23%
1
Superpower Corp common—*
$6
ord
rets
Celanese
British
•f
1st
dep
British
39% May
26%
100
800
1%
Nov
9
42% Aug
Jan
33
150
36%
Jan
19%
1%
—£1
£1
dep rects ord bearer
Am
Sep
25%
35!
3%
14
General Corp common—10c
$2 convertible preferred
—1
$2.50 convertible preferred——1
American Hard Rubber Co—
25
American Laundry Mach———.—20
American
Co
Burry Biscuit Corp
American
American
Am
•.
3% May
41 y2.
Jan
Tobacco—
47% July
iya
class A
10
10
Foreign Power warrantsAmerican Fork & Hoe common
*
American Gas & Electric10
&
Jan
2%
9
•
Oil
$5
34
6
700
A.
Brown Ruboer Co
—25
——25
—1
9%
300
*
American
% May
9 y4
x4% Nov
1,000
Mar
28% May
19
1%
100
common—,
American
2% July
33
Jan
30 %
Co
British
Mar
109
Jan
27 y8
25%
27%
Dec
Dec
75%
1,650
78
115% July
41 y2
preferred
Mfg
Class
82 % July
•
B_
preferred
.Brillo
Mar
35 y4
non-voting———
B
American
4%%
Jun
Dec
Cyanamid
American
Class
23%
29 y4
29 y4
1
Class B
7%
Dec
11% July
Apr
19%
•
A
15% July
Feb
46
A
•
*
.—
British
75
■—
28% Mar
25
1
A—-—
10
Dec
"9%
9%
100
class
50
~5% ~6
1
Oil Co
Corp
Class
Oct
3%
Apr
22 y2
Brill
Apr
110
26 %
Co common. „__1
A
,
Aeronautical
Bridgeport
Oct
105%
Jan
3%
75
75
~9%
*
1
Lgt & Pwr
common
Bridgeport Gas Light Co..'
100
is y2
Mfg—,
Jan
Traction
6
400
~6
,.100
*
preferred!
Corp
500
7%
•
common
Brewster
26 %
.100
class
Convertible
Class
2d
Breeze
...
Low
10%
7%
—
25
•
preferred—.
Nov
23%
Cities Power & Light-
American
Inc
1st
Nov
94
114%
23%
.100
Co
Board
Jan
Apr
4
common—.
Book
American
$5
Jun
3% July
3% Oct
common—;—
—
„
110
.—100
American Beverage common
American
7 %
Range Since January 1
23
100
Preierred
—
preferred
35%
Jan
72
150
.
conv
Goods. Mfg
Aluminum
6%
8% May
Feb
91 y2
Aluminum Co new common—j
—-—100
6%
preferred——
,
Jan
87
114
1
pfd—-—'•
Allied Products (Mich)-——
10
Class A conv common—
25
6%
Jan
1%
Fisher Inc common
&
preferred—
Borne Scrymser Co...
July
9
1st
7%
Shares
High
10
10%
*
Sales
of Prices
Low
*
& Co
5
Allegheny
Alles
range are ihown
for Week
Range
Last
Sale Price
34
Co common
S%
114
87
*
*
preferred
Allied Intl Investing $3
7%
5% May
Dec
(S)
(H C)
Brazilian
preferred
$7
Bohack
27 y2
Southern-
Alabama
$6
7%
3y2
Blumenthal
Sep
22%
July
3%
preferred—
Electric Appliance
Air-Way
7
7%
__
2
common
Convertible
7
2
__
1
.50c
Corp—
Accessories
3%
3%
5
Ainsworth Mfg common.—
Air Associates Inc (N J)
Aircraft
2iy2
Week's
Friday
Exchange
Dec.
Par
Oct
26
Feb
20
100
1,100
100
1,100'
21%
21%
—1
Curb
Ended
High
LOW
17
„.i
Supply Mfg class A
Week
Range Since January 1
-_1Q
common
York
New
Low. Hiah
Par
Acme
STOCKS
Sales
for Week
Shares
Range
Sale Price
24
Dec.
week, and when celling outside the regular weekly
record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
1943). It is compiled entirely from the daily reports of the Curb Exchange itself, and is intended
bond, in which any dealings have occurred during the current year.
Week's
Last
STOCKS
York
New
RECORD
24,
(Dec.
Friday
present
security, whether stock or
to include every
YEARLY
extensive list we furnish a complete
ending
and
18
Dec.
AND
disregarded in the week's range unless they are the only transactions of the
No account is .taken of such sales in computing the range for the year.
and deferred delivery sales are
footnote in the week in which they occur.
NOTICE—Cash
Dec
Jun
July
X4%
~4%
60
Jun
1,700
Jan
121
103%
115% 116
Jan
110%
Jun
2
Jan
5
Jun
111
Sales
Range
for Week
of Prices
Sale Price
24
Dec.
Ended
Week
Week's
Last
Exchange
Curb
Mining & Smelt
Consolidated
Retail
ltd.
Consolidated
Jan
10%
Oct
3% Aug
4%
Sep
103
9
1,300
8%
11%
700
37%
900
5%
300
1%
1%
•
86 %
III
2%
88%
2%
24%
.
24%
-50
8
C
W
79
Apr
77/8 May
ft Apr
2% May
90%
Jan
15%
1,900
3% May
26% July
Jan
Jan
July
9
30%
Cork International
2%
400
2% Aug
10% July
U
7,700
3V Jan
lft Oct
3%
100
1%
Jan
~3%
2%
A
2
Sugar—
Cuban
Tobacco
common..
Curtis
Lighting Inc common—
(Mo)——
Class
2% May
41%
100
$6
preferred
$3
Gotham
Mfg
4%
13%
14%
14%
Atlantic
Non-voting
800
—
5%
53%
10
5.
Diamond
Shoe common..
Divco-Twin
Dobeckmun
Co
22%
Jan
31%
Oct
4%
4%
100
3%
Jan
5%
Apr
ly8
67/s
6%
500
3%
Jan
9
Oct
84%
•
84%
Too.
425
85
127% Mar
27%
Jan
5%
Jan
10
4
300
1%
Jan
102%
Jan
34
34
130
—
Produjcts
Stores
6
Feb
15%
Apr
Grocery
Feb
22%
Jun
Gujf States Utilities
Feb
3%
Apr
1%
Sep
3
July
Dec
10
Mar
common.
133-
I2I0
3%.
$5.50 pfd....
107% Mar
preferred...—J
$6
4% Mar
Alabastine—
Gypsum Lime &
Oct
Nov
Hammermill
11% Jan
19%
Jun
24%
Jan
35
Dec
Hartford
Jan
Jan
50
Feb
110
6%
Oct
4%
Jun
72
July
111
Mar
6
Nov
5%
6,700
1%
Jan
70%
10
62%
Jan
79%
—1
12
12
100
x8%
Jan
13
Apr
19%
19%
400
18
Mar
19%
%
%
200
3 ye
3%
900
20%
20 %
100
Harvard
Harris Co
common
common
;
preferred—
6%
Malleable
preferred series A
preferred series B
Eastern Sugar Associates—
$5 preferred v t c__
Easy Washing Machine B—
Economy Grocery Stores
$7
$6
Jan
5%
100
Jan
71
71 %
100
28%
28%
50
"3% ~3%
100
9%
5%
21%
$5
$6
...
32
"II*
III*
1,600
10 %
Jan
32
Dec
10%
Jan
31
Dec
•
Inc
Eureka
Pipe
•
15
8%
90%
—
2% Jan
.100
15
12
Apr
38,100
2
Jan
1,000
42
Jan
89
90
90%
3,800
43%
Jan
90%
52%
250
Jan
62
150
15
8%
8
7
28
7%
100
29%
(Geo A)
&
preferred
4.—:
8%
103%
9,100
7
20
4%
Dec
Dec
July
2% May
Feb
9
July
31
Sep
Feb
105
43
200
6%
Jan
i7b
Jan
1% July
30%
31%
525
22%
Jan
5%
1,400
35
May
19%
120
20
Sep
Nov
25
Jun
29%
Jan
100
34
20
26
250
40%
41%
23% Feb
150
20%
4.600
108%
41-'
4
6%
6%
Jan
39% Nov
2%
2%
100
—1
1
—1
•
Engine
Fairchild
& Airplane
Brewing..—
Falstaff
Metallurgical
Fansteel
7%
1%
1%
2%
Jan
5%
Jun
Jan
34%
Sep
7
Jan
21
Dec
4 %
14%
14%
8%
1,000
6%
Nov
1%
2,800
1 %
Jan
3
8% July
Jan
•2%
Dec
Jan
22%
Jun
Jan
4%
Jun
3% Jan
9%
Jun
5
Sep
ft
1
Jan
600
8%
25
Jan
45%
3
Jan
10
Oct
16%
Apr
9% Jan
250
10%
11
11%
11%
11%
1,600
11%
11%
11%
400
9%
9%
100
23%
23%
100
—•
5% Mar
*
__
41
-
7%
Jan
14%
•
15% July
15% July
Dec
9
16%
10% July
Jan
24
112
42
91
Jan
20
Feb
45%
Oct
20
20.%
Jan
48
Oct
300
81%
14 %
%
Jan
1% July
15%
Jan
350
83%
14%
69%
Feb
38% July
87% Sep
14%
600
12%
Jan
16 '/a
6
7%
3,000
2%
Jan
11% May
2%
3
3,200
1%
Jan
8%
Jan
7%
6%
7%
1,800
6%
17%
17%
17%
5,400
13%
17%
300
1,100
5
800
Jan
10
24
62
20
63
$3.50
Nov
Interstate
57%
Jan
Oct
Interstate
70%
Am
550
81% ..Jan
109
Interstate Power $7
Dec
Investors
4%
19%
19%
1,200
20%
20%
450
3%
15%
Jan
6
Jan
Class
voting
B
Motor
Ford
,
dep
10% July
21% July
Co
Sep
16% Jan
22
Jun
3
Jun
15
8
Distilling.
Froedtert Grain & Malt
V
common
3%
17%
11
Mar
800
2% Jan
17%
50
11% Mar
11
50
4
Jan
9
42
,.
57
75
Jan
44
45
Jan
64
Sep
Mar
Apr
July
6%
ioo
72
72
10
1
...
Dec
68% Jan
Jan
%
Amer dep rets ord reg
General Finance Corp common
5% preferred series A
General Fireproofing common
Gen Gas & Elec $6 preferred B._
see
100
19%
ft
Dec
Jun,
*
25%
32
Jan
45%
1
,
Jan.
Nov
3%
Jan
21%
Feb
24%
Jun
'7%
"8
i
Jan
Feb
125
14%
Jan
21
Dec
10%
7
7%
1,000
1
7
*
1%
%
18
300
18%
~7
1,300
% Jan
2,300
3,600
10%
Dec
Dec
Oct
ft July
July
Apr
Jun
2% Dec
6
July
2%
Jan
6%
1
Jan
2%
Jan
89
Aug
~70
69
%- Jan
97
Aug
60
79
Jan
102%
Oct
13%
%
2
66
1
.•
.
'
i
*
Jan
19%
Sep
••
:
—...1
Co—.<1——.—I...
Jeannette Glass Co—j_.—————*■
Jersey Central Pwr & |jfc 5%% pfd—100
Jacobs
Jacobs
6%
Aircraft Engine Co„
(FL|
preferred—_—i———100
preferred—,—J.
-100
Jan
10
2%
Jun
1% May
page
2605.
-.10
7%
14%
119
Jan
13% Sep
2
1
Jan
4 % May
7%
100
7%
Feb
14%
100
*13%
Sep
120
100
90
Apr
4%' "
2
8% July
16%
120
Apr
Dec
J
2
1%
88%
87%
88%
3%
* 4%
41/8
'
r
99% 100%
500
.
-
.
•
Col
Jun
Jun
K
July
9%
-_£l
'3%2%
82% July
Gen Electric Co Ltd—
footnotes
50
1%
Jun
1% May
ft Jan
,
July
9%
■
Aug
4% Mar
20%
15
29
57
common
preferred.
Gellman Mfg Co common
General Alloys Co
For
44%
1 Vb
Jan
21
it
.
1%
5%
350
1
.
Julian & Kokenge
Gatlneau Power Co
400
44%
...—•
'.Z
Italian Superpower
Jan
'
1
1
Fuller (Geo A) Co„
1
$3 conv stock
:
•
A% convertible preferred——-.-100
Franklin
21%
%
25%
—1
A_T
Irving Air Chute
19%
37*
May
14% July
Jan
% Mar
200
24%
24%
—1
voting trust ctfs—•
of France—
rets bearer
(Peter) Brewing Co
Amer
—"
•
Mills
preferred
.
5
Jun
Nov
Jan
6%
2,700
1
Royalty.—.
Iron Fireman Mfg
May
1% Mar
non-voting
Class A
Fox
4%
£1
rets ord reg
of Canada—
dep
900
Motor
Ford
Hosiery
'
107% 108%
1
14
3%
*
*
—
prior preferred.:
—
Home Equipment—
Jun
Nov
8
■*
1
$1.75 preferred
July
6%
29%
Ford Motor Co Ltd—
7%
1
Jan
3%
17%
8
B
Sep
75
82%
—10
Class
Aug
10
20
1
Dec
7% July
Jan
9% Jan
10
42
.
26
Products
Oct-
41
107% 107%
'
Razor B—
_•
International Utility class A———*
Mar
100
15
Dec
5% Mar
700
43
8%
-
1
29%
5
Mfg Co
42
Oct
2,100
4%
4
42%
43
International Safety
10% Mar
7%
12
Apr
8
1,300
8%
8%
26
•
12
.—...—5
Federal Compress & Warehouse Co—25
Fire Association
(Phila)
10
Florida Power & Light $7 pre'erred—•
Fedders
7
27%
115% Aug
20% Jun
1
1
International
Aviation.—
Mar
Jan
——
Falrchild
Dec
4% Aug
5%
1,800
21%
35
105
3
200
21%
"2%
Apr
14%
1,800
3%
4
—
25%
5%
20
11%
16
16%
20
7 %
.12% May
2,800
1
Jan
600
preferred———
.—100
Insurance Co of North America..—10
International Cigar! Ma'chine—
*
International Hytfro Electric—
Preferred $3.50 series
50
International Industries Inc
1
International Metal Industries A
..*
International Minerals and Chemicals—
Warrants
1
—
International Petroleum coupon shs__•
Registered shares
*
Nov
1%
-50
32% July
6%
9%
25%
•
50
G——
Industrial Finance vtc common
Nov
Mar
1%
•
common
Jan
3% May
Indianapolis P & L 5%% preferred.100
Indiana Service 0% preferred.
100
7 %
preferred
I—
100
9 % May
Jan
88
1
—
.
24% Jun'
15%
103% Mar
Imperial Chemical Industries—
Am dep rets regis.J_—.
£1
Imperial Oil (Can) coupon————.*•
Registered
;*.
Imperial Tobacco of Canada...
5
Imperial Tobacco of ;Great Britain &
Ireland
—_i
——£1
Dec
.10c
—5
Equipment
Dec
200
24
a
Co...—....—
Illinois Zinc
9 % May
29
X102
..
*
Jan
14% July
15% Jun
34
& Co common.—...*
Co common.—.:
*.
1
Baking Co—*
Hardart
*
5"k conv preferred
Jun
Jan
26
Jun
27% July
Jan
(A C)
Illinois Power Co common.—
Apr
Jan
300
5%
8%
6%
89
15
1
-.4
42
87%
50
-15
Inc common
Eversharp
700
%
—
Line
5
5
31% Jan
9%
Jan
Jun
3,150
350
11% May
Jan
22%
July
32
37
Jan
July
1 % May
% Jan
31
36%
7% Apr
11% May
Apr
28%
1
Esquire
Apr
28%
'
6% pfd—_
Power participating stock.
&
5%
27/a May
26
Jan
_•
————
July
38%
46
Jan
50
10%
16%
3
32
—1
Empire District Electric
Derrick
Hormel
common..
Inc...
Horder's
Horn
Co
Jan
31
2d pfd A—
Equity Corp common
$3 convertible preferred
Holophane
Jan
Jan
4% May
Jan
6%
"50
9%
9%
9%
5
•
G M.—
Dividend arrear ctfs———————
Electrographic Corp..
Elgin National Watch Co—
Emerson Electric Mfg
Empire
Hollinger Consolidated
1%
19% Jan
Nov
May
i
8
100
6
11%
500
550
Jan
2%
X33 % May
4%
Horn & Hardart
59%
1%
Nov
20
.100
Hubbell (Harvey) Inc.'
Z
5
Humble Oil & Refining
—.—.—*
Hummel-Ross Fibre Corp.—.....
5
Hussmann
Ligonier Co—.—.
—*
Huyler's common—
1
1st preferred
—.1
Hydro-Electric
Securities—.a
*
Hygrade Food Products——.:
5
33%
300
6%:
23%
24
Horn
32%
3%
'
6%
5
7%
Jun
Jan
Jan
300
Apr
Jan
Jan
19 Va
300
Mar
}g
3Va
600
•
Aug
ll7/a
1% Aug
400
9%
4
42
500
5 '
26%
76
350
2%
9
31%
800
May
27%
10%
Jan
1%
2
26
Jan
56%
1%
ft Jan
700
2
Jan
20
—
.
24
May
■9%
2%
56
1%
warrants
Option
78
50
5
Oct
9% July
Jan
Jan
Nov
31
100
3%
lioo
.100
21%
Nov
42
20
"1%
1%
3%
Heyden Chemical common....—2.50
Hoe (R) & Co class A—,—_———10
6% May
66
89
preferred—
preferred
Emsco
•
Jan
6%
56%
Jun
;
25
—
July
25
4%
6%
7
Feb'
46
27
—„—
—1—
—
Jan
17%
"'5'
•
common...
4%
200
2%
Hewitt Rubber common
Oct
5%
2
Bond & Share common— .Ills
Electric Power & Light
11
100
Nov
.6% Sep
5%
;;
20-
'
'•
Henry Holt & Co participating A
Jun
10%
-25
Iron
Eastern States Corp—
Electric
7
10%
""% "%
prior preferred—
Eastern
Jan
Co
Preferred
Nov
3%
;
;—
Class'A.—
10% Mar
14
Sep
116
20%
"'4-
1
1
ctfs
CoJ————
Rubenstein
Helena
Sep
Jun
j(
46
of America B non-vot com—1
Hazeltine Corp..
———.
•
Hearn Dept Stores common.—.
..5
6% convertible preferred
*—50
Hema Mining Co
—
,25c
30% May
1,400
9%
Gas & Fuel Assoc common—
4%%
21%
Sep
4%
Duval Texas Sulphur
East
Jan
9
10
*
*
—1
—
class B
Hosiery
14%
10% Mar
*
•
25
Duke Power Co..
Duro Test Corp
4% May
4%
—10
voting trust
Rayon
Brewing
''
Hat Corp
1% Mar
-1
Corp—
Driver
Jan
22
*
Draper
Durham
3%
1
10
-10
10
2
Paper—!—
L-
20
—
Jan
%
Z
Hamilton
Apr
_1
Jun
••
700
5%
Hartford Electric Light.———25
Jan
•114
1
'
or
5%'
fl
*
20
24
1%
5
Lamp Co.—.—i__
Bridge Co Ltd
Jan
3%
Mar
Apr
4% May
_
,1..
Jan
8%
,
July
36
700
100
com
140
28
200
„1
class A
Dominion Bridge Co Ltd—
Dominion Steel & Coal B_
85% July
67% Mar
7
Hall
33%
Dec
July
30
—
Industries
Domestic
56
133
100
common
'
6%
3%'
common.;
Truck
Feb
.
preferred—.
1st
1%
11s-
650
Oct
5 %■
Jan
27
29%
5%
preferred..
7%
Mar
% May
_♦
100
15%
Apr
33%
July
1%
300
52%
III*
"lio
108
Jan
31
.—8
stock..—...
common
Jan
Jan
..25
3%
common
5%
3*2
...1
Pacific Tea—
&
9%
10
Greenfield Tap & Die^
5%
Steel Products
De Vilbiss Co
40, July
12% Jun
Great Northern Paper
Heller
Detroit
18%
Jan
Apr
2
14%
Oct
Sep
May
12% Jan
150
10
Nov
26%
5,000
37%
13
Apr
Sep
5
Gray Iron Foundry.
Detroit Mich Stove Co common
10%
11
~5%
Grand Rapids
2% Aug
70%
preferred
6%
52%
1 %
„1
Detroit
11%
Jan
25 %
1%
15
1
5%
...
Jan
4% Feb
300
9
Jan
.20
i
Gasket & Mfg
Nov
Jan
100
400
Sep
Sep
100
Jan
16,600
17%
Nov
Jan
96
——
Great
15
Derby Oil & Refining Corp com
A convertible preferred.
Detroit
July
112
...1
common—
Sep
3%
.100
debenture
8%
,
Jan
45
8%
class A——,
Gorham Inc
Dec
19%
,_50
prior preferred—
/
U
100
11
17%
,_35
Class A convertible
Dejay Stores
———
Dennison Mfg class A common.—..
43%
150
111
..50
4%
2
8
—
8%
Jan
31
H
„
Jan
Jan
25
89%
111
111
>
.
10%
D
Petroleum common—_
Davenport Hosiery Mills
Dayton Rubber Mfg_.l——
76
52%
100
■
———
Mines
Jan
•
2.50
-5
Darby
Jan
Aug
3%
76
41%
41%
37%
B.—
$7 preferred
f Goldfield Consolidated
Goodman Mfg Co
4% July
3%
*
Curtis Mfg Co
May
73 Va
•
class A
8
11
18
19%
—5
Atlantic
Dec
2
%
Crystal Oil Refining common——
—10
$6 preferred—
—
Cuban
75
%
;—
Varnish—
Gray Mfg Co..
;—
1,400
25
preferred
82
Jan
—*
Coal..——
6% Mar
700
1,100
Jan
30
19%
.250
Crown Drug Co common
3%
9%
1%
5
,
3%
9%
;
Alden
Godchaux Sugars
Sep
26%
U
%
Glen
61
20
*
•
—
—.
Co
Gladding McBean & Co
Jun
Jan
13%
Preferred
■
Gilchrist
50'
74%
Dec
11%
3%
Crowley Milner & Co—
Crown Cent Petrol
(Md)
convertible
Jan
•
15% Mar
2%
nil
Brewing Co—
***
Nov
preferred
Gilbert (AC) common—
High
81
% May
•
•
—*
—•
—
$5
41
26%
_5
Petroleum
Crown
Jan
5%
receipts (ord reg) _£1
Liquidating Co
Croft
Apr
%
40
15% Mar
13
preferred
Georgia Power $6 preferred
Dec
103
J an
500
100
Jan
1,600
~1%
III
preferred
Sep
4%
2,050
11%
5%
11
*
Courtaulds Ltd—
Creole
Jan
8% Jan
36%
a32
~5%
_•
& Reynolds
preferred A—
Petroleum common..
Americanr dep
Dec
9
100
12
11%
Jan
76
10
..50
*
...
convertible
Jan
5%
500
37%
,
Cosden
5%
1%
500
3%
12
Condon
$6
100
9%
8%
11 Va
Copper Range Co
Cornucopia Gold Mines
Coro Inc d
1%
103
1%
1
Cooper-Bessemer common
$3 prior preference
2% May
$3
.100
prior
Nov
3%
9%
10c
preferred
Continental Roll & Steel
Cook Paint & Varnish Co..
7%
.
7% July
Low
80
General
112
Range Since January 1
74%
Outdoor Adv 6%
General
Shares
Hiah
Low
pfd
100
Public Service $6 preferred
•
General Rayon Co A stock
—•
General Shareholdings Corp com
1
$6 convertible preferred—
•
Gen Water Gas & Electric common—1
Mar
41
for Week
of Prices
Par
9
~1%
__10
Co
Continental Gas & Electric Co
Jan
107
.100
Textile
Consol
Jan
3% Jan
900
6%
6%
_
Royalty Oil
Steel Corp
Consolidated
61/8
31
425
Sales
Range
Last
Sale Price
24
Dec.
High
Low
33%
32%
32%
Stores—,
preferred
8 %
...5
1
Consolidated
Range Since January 1
Shares
High
Low
Par
Ended
Week
■
Curb Exchange
York
New
Week's
Eriday
STOCKS
Friday
STOCKS
York
New
Monday, December 27, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
2602
7% preferred...100
Kennedy's Inc..—4—
8
Ken-Rad Tube Si Lamp A.——
—*
1120% 120%
Kansas Gas & Elec
Key Co common
...iJ
Kings Co Lighting 7^
——*
pfd B—i—100
5 % preferred D
.4—
Kingston Products..JL__
Kirby Petroleum
100
1
1
9% •
8%
:;
10
115%
Jan
9%
400
6%
Jan
"9%
•
.
;
8%
9
200
5% Jan
5%
Sep
123
May
10
Dec
14%-Apr
5%
•'
Sep
58%
58 %
10
*45
July
63
Nov
45%
Z"
48
50
32
Jan
49
Nov
Jan
4
Jun
Jan
5% July
12%
2% ; '. -2%
4%
■
1,400
1%
4%
1,700
1%
-
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
158
STOCKS
New
York
Week
Curb
Ended
Low
Par
STOCKS
New
fRange Since January 1
Shares
of Prices
Sale Price
'
for Week
Range
Last
24
Sales
Week's
Friday
Exchange
Dec.
Low
High
l
Klein
(D Emil) Co common
Kleinert (I B) Rubber Co..
>%
...1
(4%
.-10
100
special preferred—
v. 103
,
12%
13%
Nebraska Power 7%
Low
Oct
Nehi Corp 1st pfd
*
Nelson (Herman) Corp
9Va July
Co
Feb
Nestle Le Mur Co class A
July
85
Sep
New England Power Associates.
6%
preferred
4%
4%
Neptune Meter class A
Dec
4%
Jan
preferred
114
Sep
Nov
86
Nov
4%
I 3%
100
Jan
6
6%
200
6%
Haven
Jan
28%
Dec
Jun
11'A May
7
Nov
~2%
**2% ~2%
400
j 1
Jan
5% May
48%
47%
450
25%
Jan
53% July
9%
*100
England Tel & Tel
New
Dec
1%
,
Jan
18
87%
Jan
i 4%
Jan
48%
—
New
High
;12% Jan
104% Feb
«
—
$2
Low
100
6%
10
105
14% May
8% Nov
28%
86
Ills
Jan
12% Mar
Range Since January 1
Hiah
*
Feb
303
Shares
lioo
preferred—
ljp
160
100
8
8
1
Co
Navarro
Oct
12
Jan
for Week
of Prices
28%
Sep
16
Oil
Sales
Range
Last
Sale Price
24
69
% 104 Va
102
.100
Brewing
7/a
Week's
Friday
Exchange
Dec.
92
«
Kress
Curb
Ended
Par
1
.—
Koppers Co 6% preferred-..-:
Kresge Dept Stores—
4% convertible 1st preferred...
(S H)
Apr
..10
—
Knott Corp common
Kobacker Stores Inc
Kreuger
Jan
•„
York
Week
High
Apr
:
„
.
%
13 %
Kirkland Lake G M Co Ltd
2603
100
130
105% 107
—
Sep
110'A
Oct
9
Jun
'
Clock
New Idea Inc
New
L
.*
Co
Jersey Zinc..
New Mexico
&
Lake
RR
(N J)
100
—
Mines Ltd
Shore
11%.
1
2
Lakey Foundry & Machine...-—...
1
Lamson Corp of Delaware.—.
5
Lane Bryant 7% preferred
100
Lane Wells Co common..
Class
B__.—
9%
9
/
Leonard
Oil
Le Tourneau (R Q)
Line
25
Corp
10
Class
Locke Steel Chain
Feb
105
221/2
2
9% May
% May
12%
24%
8%
3,000
6%
|
5,500
18%
11« Jan
71/4
5
110:
■:<
...
3,000
110
9%
2%
103:
200
A
Mangel
2%
1
Stores—
A
Jan
6%
90
35
4
Hi
Jan
25
—*
*14
Warrants
5% Jan
300
|t3« Jan
2%
9
5%
5%
3%
1,700
100
5%
300
12$
Electric
Michigan Sugar Co
52
8%
Jan
Jan
1!
American
108:
Apr
%
3,000
.A
Jan
4%
4%
100
4%
Jan
%
100
f% Jan
5%
Corp
1%
5
7%
8%
1%
10
__5
common
100
5
.1
—;.I
t c__„
9'A'
Sep
4% Mar
x3 %
1,000
Jan
Penn
RR
Co
1
2%
•1
9
1%
Mississippi River Power 6%
6%
pfd..
Corp
——
Pictures
Power 4%%
Public Service 7%
B
1'
..._1
97/a
Feb
26%
1st pfd
1,200
2%
1
si
3%
8%
9
17
100
Jan
21
Jan
34
200
iff
4%
600
10
7/a May
23%
Jan
34
July
July
61%
104
104
Feb
53
Mar
%
Feb
1%
4
Feb
6
Jun
82
Jan
104
Aug
112
Nov
102% Mar
7%
7%
7%
22%
Apr
5,300
4Va
Jan
8'A May
400
23
16%
Jan
27% May
4%
1,800
2%
Jan
5%
Jun
18%
100
17%
Jan
22 %
May
108 Va
150
91
Jan
110%
Dec
113% 113%
70
106 %
Jan
115 Va
Jun
114% 114'/a
20
107
Jan
118
Oct
103% Mar
112
' July
4%
18%
108
5 Va
Pacific
Co
Can
5% %• 1st
19
& Light
Public
$1.30
Jun
July
Mar
2 % July
2 % Sep
59 %
Jun
98
100% Jan
5005%
Jan
450
3,100
300
•'
4%
112,
8%
13%
Jan
xf,4%"Nov
| % Jan
.
15%
50
29
1st
7%
...
.
Paramount
Motors
Muskogee Co common
6%
preferred
——
Mar
$1.40
Aug
Dec
Telephone
:■
& Elec
$6
Power
&
Salt
Mfg
—
Co
Penn
Penn
Traffic
Penn
preferred..
Jun
Sugar Prop
Candy Co
Pepperell
Mfg
Apr
180
Jun
23%
25
20%
Jan
33% July
Co
Philadelphia Co
■.
Phillips Packing
National Power & Light
National Refining
pfd
National
Rubber
National
Steel
National
Sugar Refining
Tea 5 % fo preferred
Machinery...
Car
Ltd
•
Mines
19%
150
li%
Jan
Aug
Pitney-Bowes
Postage
131% 131%
20
112%
Jan
11%
200
10%
Dec
100
4'/a
Jan
10%
Apr
Pittsburgh
Jan
69% Mar
Pittsburgh
Plate
Jan
20
132% Nov
15%
Jun
Governor
Ltd—
1
%
1%
28
4,400
30
National Transit
....
&
Mines
Radio.!
1,800
11%
ii%
3,500
footnotes
see
11%.
page
2605.
11%
100
10%
10%
400
2
28%
Sep
Jun
Nov.
Nov
Nov
Mar
10%
35
40
Sep
Dec
Feb
54
8%
Jan
12
4%
July
Apr
Sep
Inc
Meter
RR
19%
1,800
,
3
11%
11%
3,700
1%
11%
1%
500
102
July
3%
Jan
12
Dec
13
May
3
3
600
6%
Jan
Nov
12%
9%
Jan
21
Jan
8%
Apr
11
Jan
13%
Apr
Nov
2%
Feb
Jan
4%
Apr
1 %
%
—
9%
Oct
4
%
■
4%
9,900
Jan
19% July
Jan
37
28%
Jan
36
Oct
Nov
32%
Apr
3%
Jan
5%
Sep
44
Aug
75
65
Jan
68
Nov
27%
.•
94%
102 %
86
87%
*
Jan
41
Nov
Jan
1,610
120
93
Jan
76
74%
1%
105
Jan
173
%
%
100
%
Dec
2%
Jun
3
65%
500
51 Va
Jan
Apr
Sep
Sep
July
100
Jan
150
69
124% 124%
100
104
Jan
21%
~7
Jan
%
Jun
July
July
125
Sep
34'A Sep
7%
700
4
Jan
7%
9%
9%
800
5
Jan
9% July
31%
Feb
6%
6%
400
4%
Jan
Jan
30
Oct
34
9 Va
July
Jun
July
24
23%
24%
5,200
8%
12%
11%
12%
500
8%
Jan
13 Va
5,000
1 Va
Jan
2%
Sep
6
Jan
77/a
Jun
38
Jan
42 Va
Jun
Glass
common
Sugar
400
550
47%
Jan
65 Va July
10%
150
10 Va
Jan
14%
92%
93
55
10%
93
2,100
84%
Jan
98
13%
13%
300
7%
~v/b
2,900
10
1%
10%
5
10%
3,100
Alexander
5
6
6
100
•
5%
5%
100
& Lambert
•
Pratt
Premier
&
Gold
Prentice-Hall
Co
Mining
Inc
common..
—
8%
Jan
14%
"u
~7g
Sep
2%
Nov
107/e
Nov
Feb
4%
Jar
7
Apr
5%
Dec
x9
Jun
Jan
30% July
'/a
6,300
34
...•
15
Jun
Nov
3%
19
H
II
1
Jan
4 "A
12% Mar
A Jan
Jun
Oct
2%
1
Power Corp of Canada
Powdrell
Jun
54
54
7.50
25c
common
2
7%
—.50
—25
—
11 i
7
lis-
•
50
common..
Scale
1
.10
Mining Co
Pressed
Metals
Producers
Jan
Jan
1A
43
Sep
Aug
Nov
May
America—
Corp
Gas
Public Service
6%
7%
of
Jan
7% July
Va May
_*
4
Mar
8 Va July
•
of
of Nevada
Prosperity Co class B
Providence
Jan
7
187/a
__1Q
12.50
Nov
13% Aug
10%
_*
—30c
May
15%
44%
♦
...
Jan
l/if Jan
25
18
11%
19%
Apr
26 Va
%
1
Pittsburgh & Lake Erie
Polaris
87%
.
6 Va
Jan
•
common
Pitts Bess & L E
Pneumatic
2% Mar
*
Sep
14
Aug
July
9%
1
Metallurgical
6%-
10%
10%
19 %
86
Jan
14% Mar
6%
10%
11"%
:_*
50
65
*
Pioneer Gold
11%
—*
100
35
25
common
Pierce
$6 pfd——*
common
4%.
•
Co
Phoenix .Securities
Apr
*
Mfg & Stores common..
Feb
Jan
3%
15%
Sep
2% Mar
__
*
National
*
1
common
Sep
30%
17
35
*
;
67/a
i_50 uOi
National Fuel Gas
Nov
57/a
28
17
100
Pharis Tire & Rubber
35.
'(
5Qc
Oct
99
64%
Co
Perfect Circle
NOV
10
_
City Lines common...
convertible preferred
50,
2.50
1% May
Nov
...25 v
National
23%
20
common
Co
Jan
28,,
...
8,600
-23%
Water & Power Co
8
57
1%
110
6
100
*8%
50
Nov
4
Jan
Jan
72%
18%
"8%
A com..
Light $7 preferred
July
Jan
73
8%
1
preferred..
Penn
Sep
102%
25
class
14%
36% July
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred
•
Penn Gas
Jan
33 %
1
A
July
13
15%
Too
1
Jun
Jan
—_•
common—
21% May
250
*
——
Jun
7%
Jan
-1
Pennroad Corp common
Potrero
common
Feb
8
Jan
Dec
N
:
8
Jan
28 %
.10
preferred
Plough
Hess
800
Jun
3Va
3%
Pleasant Valley Wine Co
Corp
July
May
•
Corp
Jan
$.
National Breweries common
34%
34
.loo
pfd
Co..
Jan
19
'
300
18%
1%
1%
6
11%
Apr
55 %
7
6%
common—
4%
1%
5%
_•
19s/a
117
31
Pantepec Oil of Venezuela Am shs_.
500
1%
.5%
131%
Feb
Oct
." 3%
preferred
Page-Hersey Tubes
2,900
—DC
Power common.
Jan
110
Service—
1% Mar
I63
48
50
15 Va
..2,3
Lighting $5 preferred
Pacific Power
Jun
Nov
!
150
6%
..25
pfd
;
87/a
Jan
100
54%
8%
1st
Jan
Apr
18%
53
common
preferred
Peninsular
1%
■
16% Aug
18%
1
Parkersburg Rig & Reel
Patchogue Plymouth Mills
Jan
Dec
113% 113%
53
1
Apr
.,
-2ya
For
22%
30O
•
Securities
Apr
1
—J»
Union
Dec
200
*
Overseas
2%
49
1%
171
170
29
Muskegon Piston Ring
National
102
%
Oliver United Filters B
6%
,15%
Murray Ohio Mfg Co——
Tunnel
Jan
28 Va
50
35%
100
1,900
;
-10
Producers——
National
Jan
28%
15
common
Dec
14.
180
3%
3
.1%
:ioo
National
Jan
A
52%
5
Jan
2?
425
Mff
8%
170
Mountain States Tel & Tel...a—_
$3
3%
1,025
100
common
Phila Electric Power 5%
National
500
4,600
100
preferred.
1%
325
1%
16%
9
16%
Moody Investors partic pfd——
Bellas
Apr
A
28%
Omar Inc
Pacific
2
Jan
1
Mtge Bank of Col Am shs——
Mountain City Copper common—
Nachman
1% May
47/a Jun
127/a
4%
28%
*
prior preferred
conv
Pacific
Mar
52
8%
Montgomery Ward A
——
Montreal Light Heat & Power-
National
Jan
98%
7.
iff
•
common.
preferred
preferred
$5%
Dec
.—10
Utilities—
Mountain. States
9% July
%
2,100
97
4
class
$6
1st preferred
6% July
8% Sep
10%
_.
1—1
common.
Loan'Society A
Mountain
Nov
100
common
Co
1% May
7% Mar
Jan
common.... .2.50
Mock Jud Voehringer
7%
4
4%
•
Edison
$3
Apr
Jan
..100
Monarch Machine Tool——.—
Dakota
1A
Jan
8
25
Corp
Oklahoma Natural Gas
111% July
% Mar
90
xlff
50
&
Missouri Public Service common-
Montana
Jan
8%
50
Brass
Penn
Monogram
4,800
6'/a May
104% Oct
Jun
1%
15%
15
Mfg..
Pwr & Light 7% pfd... ..100
Molybaenum
10%
Jan
Feb
A
14 May
A Sep
3%
91
10%
5
Co
6%
Supply
&
Mining
Minnesota
Monroe
9%
1/128 Jan
3% July
Sep"
4%
157/s
25
'1%
Mining Corp of Canada...
Minnesota
100
40
4,200
•
..50
Refineries
Mid-West
900
83% July
76 Va July
Nov
14,600
..10
Piping
3,800
A
5%
"IS
100
6%
Apr
1%
8
i*
common
Midwest
1/64
A
5%
1/64
1/64
pfd.100
Oilstocks Ltd
Oct
10%
$2 conv preferred—*
Abrasive
Oil
Jun
Jan
Steel Products—
Midwest
3%
42
•
Texas Oil
Ohio
Sep
2%
,
.%
%
...1
%'
$2 non-cum dividend shares
Mid-West
Jan
-.50
Utility Securities
Central
Parker Pen
Co
Dec
1%
_•
prior preferred
Ohio
1% May
Jan
Jan
10
Midland Oil Corp
Mldvale
Sep
68'A
—•
class A
Ohio
Jun
112%
1% Mar
Middle States Petroleum class A v t c.l
Midland
111%
Jan
190
•
Ohio
Jun
4%
Jan
28
...—...
Preferred
v
3
Jan
36%
72
1
Ogden Corp
Apr
xl50%
Jan
98 %
25
100
.15
•
2.50
Micromatic Hone Corp.—
B
May
Nov
102%
71
Light & Power common..1
preferred
Pacific Gas & Elec 6%
West
23
Xll
O
47/a May
Jan
25c
...
Michigan Steel Tube.—
Class
July
71
•
Mines.—.
Novadel-Agene
13% May
Jan
2%
21
—.—1
;
preferred—
Metropolitan Edison $6 preferred
Michigan Bumper Corp.
;
Participating
Middle
105
Jan
5
6%
Dec
8%
Jan
f%
100 "
100
Corp
Textile
Nov
Feb
870
400
...100
North American Rayon
Class B common
6% May
2
Jan
8
t
.
30
140
3%
42
42
25%
|% Jan
700
42%
139
~3%
100
/
——
A preferred
Messabi Iron Co
Metal
1,500
%
8%
•
-lib
Scott—.—_•
&
100
4 Va
2%
8%-
_•
common—....
Chapman
25%
-
|%
Co
Mercantile Stores
V
*4%
.
6%%
95%
113
Mar
Memphis Natural Gas common—..
Merrltt
13% July
Jan
54
Jun
Jan
Dredging——
&
102
Sep
Jan
Massey Harris common
McCord Radiator & Mfg B
Johnson
Jan
10% Mar
y
26
Mass Utilities Association v t c——1
Mead
18
Jun
2
Marine
Margay Oil Corp—-—;
Marion Steam Shovel—
McWllliams
8% May
24% May
21,300
68%
1
$6
Jun
Com¬
Mfg Co——i—_•
International
Co
Jan
575
.
preferred
North Amer
Ltd——._—...——
Consolidated
munication
2%
82%
v
Marconi
4% May
Oct
2%
Jan
57
Feb
80%
Manischewitz
Mapes
Feb
2%
81%
7%
preferred
I
Northern States Power class A
convertible preferred
*
(The B) Co.—...—•
$5
3%
5
North
| % Jan
1,800
July
31
100
—
Noma
M
1%
4
Jan
10
12%
109
61%
3
Nor Indiana Public Service 6%
1%
68'A Mar
Jan
100
optional
Apr
Aug
29% May
lj% Jan
20
12
.10
common
preferred
Apr
110,
Jan
30
109
Nipissing
9% July
Jan
113
68
Nineteen Hundred Corp B
Aug
■—
101% 102
warrants..
North
optional warrants—...
25
.
Ill
1
preferred
Northern
Manati Sugar
■'
150
__
•
Niles-Bement-Pond
Oct
52%
Jan
5%
110
27
26%
2d
Class
Oct
55
2|% Jan
6%
— —
22
22
—
Class B optional warrants
Niagara Share class B common
16% Jun
Jan
l'/4
20
—'
6%
•6%
Light 1% preferred—100
shares—
1st
5%
2'/a May
Oct
Jan
375
—
10
preferred
5%
Nov
.,.18%
51%
;
—..10
Niagara Hudson Power
Jun
13
150
501/4.
50%
Dec
1%
Jun
Shipbuilding Corp—
Founders
Dec
Dec
.8'/8
1% !
53
28
_
'
N Y State Electric & Gas $5.10 pfd.100
N Y Water Service 6% pfd——.100
Nov
Jan
',11/8
8%
Long Island Lighting common—
7% preferred class A__
—100
6% preferred class B_
...—100
Louisiana Land & Exploration—
1
•
N Y
32% July
15%
15'A-
5
-
Jun
5% Mar
V/b Jan
f
A_.—.—
Lynch
N Y Power &
Jan
18%
Louisiana Power & Light $6 pfd._
Jun
25
17%. Jan
300
'.
6%
Honduras Rosario
Class
|%
100
1%
200
*
common
Merchandise
21
Jan
24%
Co
11%
Jan
Feb
600
3,400
2%
21%
Nov
[■A Jan
300
58 %
2%
2%
13% Jan
'
2,400
10 %
.
1%.
.——
common
Y
4%
27
22%'
Lone Star Gas Corp new common.—.10;
Corp
Y &
N
11%
common—_—a-,
Groceterias
Loblaw
N
Mar
4,100
10
Lipton (Thos J) Inc 6% preferred.__25
Lit Brothers
Apr
6
1
3
....
;—
4%
Dec
A
26%.
26%:
56
■
19
—
City Omnibus warrants——
8%
%
.1
Material Co
Lionel
Y
| % Mar
8%
Inc
N
12 Va
—•
Development
Apr
l|% May
2% Feb
125
21
.*
Lehigh Coal & Navigations—
14%
6%
900
•
preferred.:
Jan
V/b Nov
500
1
Convertible
Auction
$6
21
Langendorf United Bakeries class A..*
Lefcourt Realty common..
Y
100
1
......
N
|%
2,500
2%
,2>/8
Vb
39% Jun
20% Jan
620
3.4.
36 r
11%, 12,
.
57%
1
—•
8%
35%'
•
200
18%
25
Land
Arizona
New Process Co common
Lackawanna
*
*
common—
7
Jun
100
104
Apr
109
Dec
100
109
Apr
115
Nov
3%
1
%
1
600
Jan
8% Mar
Colorado—
1st preferred
1st preferred
Puget Sound Power & Light—
Common
$5 prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Pyrene Manufacturing
—10,
_•
•
10%
10%
10%
8,400
87/B
NOV
12
Va, Sep
94%
93%
94%
1,000
92%
NOV
120
Aug
12%
600
7%
Jan
13%
Apr
15
Jun
12
12
.5
8%
Jan
10
7%
Feb
9% May
THE
2604
Monday," December 27, 1943
COMMERCIAL & FINANCIAL CHRONICLE
Week
Sales
Shares
for Week
Week's
of Prices
,
Sale Price
Curb Exchange
Ended Dec. 24
Range
Last
Q
Stroock
71
110
70
Jan
153 % 154
40
146
Feb
July
701/a
70 %■
Zioo
Mar
92
156
Feb
July
(S) Co..
Machinery..
Sullivan
Low
Sun
Ray Drug Co
13
*
13
preferred—
Superior Port Cement class B com.
Shares
Range Since January I
High
Low
conv
Jan
.1% July
Sep
11Sep
20
100
12%
Jan
21%
Jun
16%
17
300
13%
Jan
20%
Jun
12%
12%
150
7%
Jan
13%
Oct
51%
51%
100
Jan
52%
Oct
20
51%
43
18
Sunray Oil 5%%
High
%
11%
50
•
Swan Finch Oil Corp
preferred
Quebec Power Co
6%
of Prices
8
.50c
•
•
_1
Corp
(Hugo)
Stokely Foods Inc common
Sales
for Week
Range
-
Sale Price
24
Dec.
Par
Stinnes
Quaker Oats common—
Last
Exchange
Curb
Ended
Week
High
Low
High
Low
Par
New York
1
Range Since January
Week's
Friday
STOCKS
Friday
STOCKS
York
New
12% Mar
15
Sep
;o% July
,8% Mar
R
.
Radiator
Richmond
2ya Jun
Jan
14% July
Jan
38>/4
25
38%
Dec
38%
Jan
19
Mar
51
Mar
11%
2,100
46% Nov
2% Jan
2 %
2%
1,500
%
% Mar
-
,
Oct
3%
Jan
300
21%
Jan
10%
Jan
13%
3,800
10%
200
10%
2
P
%
Apr
5% May
Dec
Jan
10%
Dec
% Nov
1%
Nov
7
1,100
4% July
900
2%
1%
Jan
1,500
2%
21/2
%
.
sTa
Jan
91%
Jan
108
17
Apr
260.
1051/4 105%
10%
200
7%
Jan
12
Nov
2%
2%
200
2%
Jan
-"<4
Mar
2%
Jan
5% July
Jan
18% July
<49%
Feb
83 %
Nov
22{.
Apr
3%
Jan
8
Nov
2%
4%
1
200
■:
5
17
171/2
17%
100
83'A
—20
preferred
Royal Typewriter
Royalite Oil Co Ltd—
Russeks Fifth Ave
10%
5
.—
78
831/4
500
_21/a
16
Dec
300
3%
3%
3i/8
1
Ryan
1% "1%.
ZZ
ZZZi
2%
Dec
5% Mar
3%
—-—--
Aeronautical Co..
Ryan Consolidated Petroleum—
Ryerson & Haynes common
2
.5
..—1
17% Mar
4,100
6%
1,800
3 %
J an
100
17%
Jan
4%
Jan
%
Jan
6%
Realty & Construction—...1
Tobacco & Allied Stocks..
—•
800
12%
6%
%
Technicolor Inc
common
Texas
Oil
pfd
7%
Power & Light
Texon
& Land Co_
Co
Thew Shovel
Tilo
common
6%
102
6
19
19
Roofing Inc
Tishman
Jan
5%
Jun
26% July
15% July
Jan
Mar
rets ord
Jan
2% May
40
3%
3%
43
115%
7
Dec
July
22%
Apr
1,200
dep
dep recs def rag
i_,—-—*
—100
7%
preferred—
—
100
Tonopah Mining of Nevada—
1
Trans Lux Corp..—-—.——.—-1
Transwestern Oil Co..
-10
1,000
4%
May
Jun
Mar
Mar
116
Oct
A Jan
1
Feb
4%
Dec
8,800
17%
1,300
lil
16%.
17%.
400
%.
1%
109%
Jan
6%
Nov
18
Jan
Oct
1% July
Jan
aa
200
9
9
7% July
Dec
16%
4 %
4 %
14%
4,500
Dec
15%
39
15%
16%
.200
,
Jan
73
Dec
Oct
1%
Jan
5%
May
A6%
—J
•
preferred.—
convertible
80c
67
100*
'
%
4
4%
common—......1
Corp
3
Jan
107
Trunz, Inc..
Tubize Rayon
Nov
Jun
11% Aug
102
8%
Tung-Sol Lamp Works—
Jan
5%
'
warrants———
Tri-Continental
Feb
53
660
59%
57%
Jun
July
2%
_•
preferred
6%
62
1%
.
Shipyards Corp—
Edison
8% Sep
2%
Jan
6%
-
1
regis...
Amer
Toledo
3,000
1
57%
6% Mar
A
%
Security Trust Co Ltd—
Tobacco
Todd
300
6%
6%
57%
•
Exports.—
Product
Tobacco
Apr
5
Petroleum Co.—
•
100
3% Mar
22%
11%
12%
Nov
Jan
%
16%
Roosevelt Field Inc
Tampa Electric Co common..
Amer
%
300
22
1
*
Taggart Corp common
29% July:
100
3%
3 '
"l!
14% July
10%
91
91
Xl0%
3l/a
Dec
13
Cable Corp common.
convertible
1,200
10%
..100
Elec 6% pfd D—
Pendleton Inc
Roeser &
{151/4
n%
1
Co v t c
Grande Valley Gas
15
13%
1
—
Rochester Gas &
$1,20
Jan
7%
151/4
Raytheon Manufacturing common..50c
Red Bank Oil Co—
1
Reed Roller Bit Co
Reliance Electric & Engineering——5
Republic Aviation
1
Rice Stix Dry Goods
*
Richfield Oil Corp. warrants
—
Root
m»
150
%
A.
Utility Investment
Packing Co. common
Rome
2,700
38i/4
—10
1
10
Raymond Concrete Pile common..
•
$3 convertible preferred.
*
Rio
11/4
12 %
common
Voting
Railway &
Rath
1%
121/2
11/4
warrants-
Radio-Keith-Orpheum option
Railway & Light Securities
Jan
11%
Oct
.
u
2%
Sep
1%
St
A $2
Class
St
conv
50
--5
100
1
1
pref——
preferred..—
7 %
22,000
4
Dec
16% July
1%
Jan
4 % May
Dome Oil Co..
United Corp common..
Mills...
Oil Co——
Samson
147%
Dec
2%
Jan
11%
Oct
Union
1,200
%
Jan
25
24%
Jan
Jan
12%
Jan
425
9%
4,500
2%
8%
9%
Jan
147%
145
145%
2
32
32
115
Sanford
Savoy
5
*
—-1
25
Co common
(D A) common
Convertible preferred
Schiff
Schulte
Scranton
common
Lace
Scranton
Scranton Spring
.
..
68%
General..—
stock—
Allotment certificates
Sherwin-Williams of
Singer
Manufacturing Co.
Solar
Aircraft Co
Manufacturing Co
Corp
Sonotone
—
Manufacturing common
common.
South Penn Oil.—
——
Soss
South Coast Corp
Jan
72% July
68%
150
52%
Jan
73
115%
4
12%
800
11%
Dec
92
200
83
Jan
110
114% 115%
111%
-El
100
i—■—1
—1
--J
1
-1
25
90
3
100
Dec
5
Mar
Jan
109
Dec
Sep
31%
300
29%
Nov
33
Aug
29%
500
28%
Feb
1%
100
Jan
2
May
Aug
72
Nov
Mar
129
Nov
%
5%
— ♦
.7%
Jan
6%
3,000
90
1%
-1
Jan
5% July
Jan
2%
Jan
1
.2%
Jan
6% May
2
200
2
17%
17%
1,100
1%
Jan
19%
Oct
July
3
17%
Oct
18%
Sep
16%
Jan
800
6%
1 %
2,000
A
1%
1%
Dec
r
1%
1
600
4%.
4%
500
4%
9
*
9%
200
page
1%
2605.
XI %
A
May
56% Aug
9
Utility $6 preferred...
Coal & Coke
West Texas
West
Va
Western Air Lines Inc.
Western
Grocer Co
Apr
Apr
Feb
2% May
Jan
22
July
16
Aug
15% Aug
14% Jan
19% Nov
Feb
3
May
68% July
2
42%
19% July
4%
Jan
2
%
Jun
2% May
Jan
76
Jan
49
Oct
21
Sep
Sep
260
9
100
2%
200
7%
200
1%
Nov
%
Jan
Jan
32
4%
Jan
12
Jan
113
Dec
Jan
10
July
44
7%
.
July
Sep
,
V*
Dec
5 Va
Feb
10% July
Apr
97%
.•
8
1
20
Nov
15% July
2% July
•
Apr
A M&y
A Jan
15
Dec
11%
■■
300
_
4%
5
2,100
8
8%
1,000
Jan
2%
Jan
4%
Oct
98%
<
4
3%
Feb
400
%
%
■
5% Mar
*2%
86%
7%
%
,
Jan
110%
Nov
Jan
6%
Apr
4
5%
Jan
11 Va July
9
Apr
18
Dec
67
Jan
95
May
Weyenberg Shoe Mfg
Wichita River Oil Corp
Williams (R C) & Co
Williams
Oll-O-Matic
..10
Wolverine
Portland Cement
Feb
44
Sep
Jan
12
Oct
12% Mav
6%
Jan
Jan
4%
1% Mav
10%
Nov
Dec
(JO.C
8%
Light A %
Woodley Petroleum
(F W) Ltd—
5%
—
8%
8
v'
600
,_i
1%
Jan
9
Jan
Jun
7%
7%
.
100
6%
deposit
receipts
Preferred
Wright Hargreaves Ltd
Sep
9%
Jun
9%
Oct
9% July
4% Mar
12% July
110
Sep
Nov
4%
Jan
8% July
6%
Its
5
£1
♦
Sep
May
15%
4
Woolworth
American
.
3%
10
1
Jan
108
125
10%
10
pfd—100
.1
Jan
5%
7% Mar
!
—
.
Inc..—..
&
Feb
26
July
13
'
Heating
Power
21
50
Yfxi
19
Jan
50
is
•
Willson
Products
22
15
1
_
14%
■
22%
.—10
.
Wisconsin
Jan
.
7% Jun
900
3,600
110%.,
104
106
20
Inc
Oct
2%
3
13
Feb
18
~9%
1st pfd—100
.♦
Westmoreland Coal
Oct
500
1%
~9%
1
1%
~9%
1.25
Wentworth Manufacturing
5%'
10%
25
74%
74%
•
1
3
Mining Co
Knitting Mills—.-—.
13%
Jan
Jan
Dec
1%
500
1%
Class B
Jan
H
1,000
4
•
Jan
1,100
.
9
Waitt & Bond class A
Westmoreland
July
1%
1%
.100
«
2%
7%
l,
«»*-
1,450
Western Tablet & Stationery com
A Jan
35
'
'
—
CO—
9
—
49%
3%
1
Western Maryland Ry 7%
Oct
2% May
1% Jun
54
— J*
49%
48%
ZZZi
1
A May
64
Feb
200
9,600
5
iV May
Jan
3S3
tb
Feb
% Aug
A Jan
Oct
Nov
A
—
114
Jan
d32
350
Jun
2%
W
Aircraft
Wayne
Jan
2,600
60%
2%
1
Petroleum
Venezuelan
Walker
Jan
Jan
2%
.10C
—
common.
Virginia Public Service 1% pfd.
Vogt Manufacturing
Sep
12%
110
2%
M.¬
Valspar Corp common....i.:
$4 convertiole preferred—...
May
13
9%
common
see
% May
1%
Inc
footnotes
v
%
Sterling Brewers Inc
Co
Jan
Jan
100
200
Jun
1
Apr
12%
17%
7%
2%
200
17%
%
m
2%
100
18%
17%
17%
17
1
—
Wagner Baking voting trust' ctfs ext..•
7%
preferred100
800
,17%
1
common.——
•
2%
18
3%
Dec
15
....
Waco
%
18
Jan
1
Dec
40
4
2,400
Jun
1%
1%
Sep
3%
_5% ~6%
Aug.1% May
80%
Dec
2%
4
20
-1
Sterling Aluminum Products
B)
Jan
%
700
A
11
Jan
60
10
July
6%
'
%
'
(j
12
Jan
23
%
..1
preferred.
9%
Jan
6%
2,100
2%
2%
2%
8% July
Jan
6% July
Apr
100
39%
%
2d
Sep
63
700
8%
10
—
5%
32
115
50
65
6% July
Jan
-
July
Jun
31%
,
50
32
4
200
-10
priority stock——1
$5.50
47
Jun
44%
*
1st preferred
4% July
49 %
Jan
6%
400
400
Jan
40
39
2%
1%
Nov
28% Nov
6%
2%
2%
90
8%
400
37%
50
10
77%
600
28
...
76%
Dec
73% Sep
Sep
42%
500
76%.
Jun
Jan
63
Jan
%
600
Equities
6%
4%
Products.—.:
Radio
Utility
Aug
%
Feb
%
n
Oct
260
Jan
Jan
8
Products Co
Universal
Feb
Jun '
4% Jun
A
7%
,50c
—
...—
Pictures
July
150
9%
Utah
Jun
44
1%
Insurance
Voting trust ctfs..
93
2%
...2
B
Feb
800
6
4% July
43%
'
6%
Apr
Jan
3
'29%
1
Sterchi Bros Stores
241
175%
350
Universal Cooler class A—
Class
July
2,300
IZZi.
Paper
Universal
39
4%
5% July
•
& Co common
2% Aug
28
(The) Corp voting trust ctfs
(A)
Nov
28
5,175
5%
9%
4'/a May
2%
1%
Wall
Feb
4%
Reclaiming
United Stores common——...
United
61%
•5%
Jan
43%
65
Radiator common..
Universal Consolidated Oil
43
..1
...
Oct
15
68%
66%
66%
43%
Jan
2%
•
*
1
Steel Co of Canada.:
13% July
%
Jan
5%
Jan
42%
—-—•
B
119% Jun
Jan
~4%
•'
warrants.
S
Jan
2%
—*
common
1st preferred with
Rubber
\i May
%
300
%
5
and International Securitles.
S
Jun
July
}§ May
%
,
1
1%
200
&
Standard Silver Lead
class
U
U
123
21%
2,600
1
2%
1,500
4%
2,300
May
Jan
250
2
3
3,100
%
200
3%
4%
56
.25c
Jan
2%
%
%
58%
A
5,000
A
A
%
58%
2%
3%
3%
A
%
%
„2S
$5
Jun
Jan
'
Dec
4%
Jan
115
950
118% 119
119
July
16
Jan
%
14,900
_10Q
—
——
Graphite
U S
July
Jan
2%
2
2 Va
3ya Mar
United Specialties common—.
U S Foil Co class B
_.w
S
A Jan
A May
10
..10
preferred
United Shoe Machinery common. -25
U
1% May
80
Sharing—
Preferred
17
60
Jan
29%
United N J RR &
Profit
Jan
Jan
%
26,100
600
~2%
"4%
12
•
dep rets ord regis
—
Canal Co—....
Amer
7% July'
3
July
14% May
Jan
57%
.ZZZa
Utah-Idaho Sugar—i.
—
Utah Power & Light $7 preferred.
~2%
'.
——
Tube
16%
96
234
3
3
13,000
Ltd—
Universal
229
100
Products Co
Standard
Apr
Apr
100
J an
1
—J
B
Preferred
For
Jan
21% May
rets crd bearer
Common class
St*tsnn
2%
-.
10% Mar
Inc—
*
Standard Brewing Co
:
2.78
Standard Cap & Seal common.
1
Convertible preferred
10
Standard Dredging Corp common
1
$1.60 convertible preferred
...20
Standard Oil (Ky)
L———10
Standard Oil (Ohio)—5% pfd...—.100
Standard Power & Light
1
Sterling
8% July
General Corp—
Spencer
Stahl-Meyer
Stein
Jan
12%
Amer dep rets
Starrett
5
91%
1%
participating preferred
$3
'
Jun
4%
Sep
1,800
England Telephone—100
ord regis
Shoe Corp.—_
July
% May
A Jan
2%
1%
6%
2,200
10%
51%
200
7%
1%
_•
—
United Molasses Co
United
100
100
7%
-•
B
preferred
1st
May
68
12%
Phosphate Co
....—10
Southern Pipe Line—.
—
10
Southland Royalty Co
—
5
Spalding (AG) & Bros—r—
—1
1st preferred
*
Amer dep
1% May
10
Jan
7
Southern
Spanish &
Jun
May
17
Jan
2%
Pipe Line—
—10
California Edison—
5% original preferred
25
6% preferred B__—
———25
5%% preferred series C
25
Southern Colorado Power class A—25
7% preferred
—
100
Standard
1,300
7%
%
3
6%.
Southern
New
9%
13% Mar
class
July
United Milk Products
1% July
Jan
3%
Southwest Pa
Southern
Jan
is
Singer
Solar
July
46
Feb
100
67%
Option warrants
United Light & Power common A
Common
4% May
Jan
Dec
%
•
——'•
Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec 7% pfd
x3 %
4%
5,600
68 *
—100
Simmons-Boardman Publications—
$3 convertible preferred
Simplicity Pattern common
Jan
1
29%
1%
7
68% Dec
16% July
800
100
16"%
7%
Jan
3% May
Dec
7%
-
3,400
1
Canada—
common—
Co
Silex
100
7%
1
68%
7%
3% May
Jan
2%
3
1
*
preferred non-voting—
$7
1st
Jan
1%
6,600
2,100
——•
July
$6
161/4
—
pfd serie* AAA
Apr
39%
it
Safety Control.
1
Serrick Corp class B
1
Seton Leather common.
"
Shattuck Denn Mining
—:
5
Shawinig »n Water & Power——.—Sherwin-Williams common
25
jcura
44
2%
Sentry
5%
29% Nov
7%
—25
$5.50 prior
Jan
United
United Gas Corp common.
■
39%
•'
United Elastic Corp
17%
200
2%
Bros Inc
—
ZZZZZZi
Lock & Hardware
Seiberling Rubber common.—
Selby Shoe Co—--—
—1
Selected Industries Inc common.
5
Convertible stock—.
Oct
1,400
540
...
pfd
& participating
cum
Dec
2
% Jan
55%
10%
Segal
$3
Cigar-Whelan Stores.
United Corp warrants
16% July
32
68%
Seeman
Chemicals common
Jan
60
1
United
Jan
30
10
Aug
3% July
22 %
26%
Steel Co common
Securities Corp
3% July
36
25%
27
Products
Aircraft
135
26.
*
Scullin
3,400
54%
53%
26%
27
Brook Water Service—
preferred.
$6
<
200
2
1%
2
„
—25
•
*
Manufacturing—
Electric $6 preferred
Scovill
15
14%
14%
Investment common
United
2
400
4%
1%
*
f
—1
*
•
10c
of Canada
Gas
2%
2%
3%
5
Corp
10c
Unexcelled Manufacturing Co—„—10
Union
2%
2 %
1
Udylite Corp
Ulen
Realization
%
Regis Paper common
Salt
3%
4
Apr
12%
Corp Ltd
Lawrence
2%
2
A
2%
12,500
2
Nov
10
Jun
Aug
5
Aug
Jan
4
Apr
Jan
■
Volume 158
THE COMMERCIAL &
Number 4241
Ended
Week
Interest
Period
Exchange
Curb
York
24
Dec-
Last
Low
American Gas & Electric
2%s
a
3%s
f debs..,.
f debs.-—
&
Pow
deb
Lt
2016
6s—
Writing Paper 6s
1961
Appalachian Elec Pow 3 %®-i——1970
Appalachian Pow deb 6s
,—2024
Lt
&
Pr
Arkansas
Associated
Elec
:
1953
—■
108%
8
128
..
6
1053/4 106%
deb
deb 5s_
AConv
A Debenture
deb
AConv
5'%s
73
77 Va
90
\
(B. P.)—
M
23%
10
23V4
143/8
C
Steel
Bethlehem
Bickford's Inc
26
111%
103
1955
F-A
103'% 104'%
11
Penn
1st
—1977
F-A
MS
84»%
5
"
1964
MS
1979
111
El
&
1
A5%s
M-N
Central States P ft
'
§ A Chicago
Rys
ctfs
5s
106
109'A
72%
92%
J-J
107
107
106'%
110'%
109%
Philadelphia
Elec
1972
F-A
116%
116% 116%
10
111
117
69%
101%
Philadelphia
Rapid Transit 6s_. ..1962
MS
106% 106%
2
105
108
J-J
$99% 101'% '
Pennsylvania Water & Power 33As_1964
33/48
1163/4
Potomac
121%
43%s
109%
106 3A
103% 103%
12
102V4
21
101%
32
853/2
100 >/4
2
1053/4
105% 105%
373/4
21
13
373%
147
13
100% 100'%
MS
J-J
36%
11
100
37
37
1st
,.36%
series
6s
B
Service
Cities
deb
Conv
—1955
19(36
Debenture
-1958
—1969
5s
46
P
5'/a 3
Connecticut Lt
.—1949
series
ref
& Pr
El Lt
Gas
3 %s
&
99
9 7 3/i
97
Service
of
1st ref
(Bait
series
5'%s
A
78%
San
3s
—1958
5s————.—1944
Joaquin Lt & Pwr
Packing
Cudahy
Shawinigan Water & Pwr'4%s-....1967
A-0
...1970
A-0
99
1st
.
4'%s
98'4
84%
Sheridan
99
83%
South
series
California
Counties
1956
Light 5s—a—2030
Water Lt & RR 5s—...
1956
105
Empire District El 5s_.
1952
Federal Water Service 5Vis——..1954
Finland Residential Mtge Bank—
M-S
1961
M-S
1966
.——v—-1954
J-D
Elmira
,
stamped
6s-5s
;......—;
144
Southwestern Gas & Elec 3'/4S__ ...1970
Florida Pow & Lt 5s
105'/2
Southwestern
12334
1313%
82
'A
Gas
6a
,
J-J
99%
Conv
91%
Debenture
Power Hi Lugot bs__—1978
Coal 4s_...
—19^5
J-D
Georgia
1941
M-S
Lt & Pwr 3% 8,—.1966
J-D
Houston
Jan 1949
dygrade Food 6s ser A.
Light*
Illinois Power &
&
&
rei
series
5s—
—.1950
5s„———1963
Indianapolis P & L 3'/4S—
1970
A6Vis
1941
1
(Dec
E—■«
series
A7s
C—L'—
series
A6'%S
91
1021/4
108%
109'A
United
78
97%
44
W
»/2
&
106%
98
;■>
/109
1021/2
1
93
6s
102
11
21
104% 1041/4
4
1021/4 10S%-
4
93
8
93%
■:
94
93
17
104%
108 Va
101
80%
•80
1041/2
20
87 Vb
8834
39
89
39
87
87%
11
65%
"873/4
87
88%
31
.•651%
(88%
88
86%
88
10
64'%
88
28
26%
28
12
23%
,32
22 'A
22'%
Ve
32
5s
West
5s
A-0
105
Power & Light 3Vis—
1969
J
...
& Power
cons-5'%s
A
1952
183%
17
u
16%
5s
AV2S-
——1978
1955
5s_
16V4
•
-
5!
Conv
New
New
5s
Gas & El Assn 5s
—1959
.—1947
871/8
89 /.:
583/4
27
j
^9
35
wr
5s
A Income
fis
N Y State Elec
series
&
A
96%
85
110%
112%
109
106
109'%
104
96%
■50
104%
$115% 115%
112
M-N
,.^.2022
11434 117%
..
96
14
111% 112'%
112%
..1954
J-D
Power 3'%s
Water
..2030
5s
Traction
Penn
23%
J-D
Electric
Penn
24
M-S
..1951
..1964
J-D
29
4%
4
108%
1093/4
108%
110%
102 7 s
24
110%
108% 108%
$108% 109 Vs.
A-0
■
..I960
5s
.
108%
$1093/4 110 Vs
■
115'% 116
1.10
2
100% 100'%
116
1
30%
118%
Newspaper Union—.
F-A
unstamped extended to 1959
82
F-A
1959..
5s stpd
63 V4
3
83'%
-.1937
J-D
97%
97%
J-D
97%
973.4
100%
12
84
75
100
733%
-
5
..1947
Rys Co
Stamped 53
85'%
100
441/2
107
110
106 3A
108
122
121
$106
108
105
v
22
Curb
Ended
$98% 100
Period
24
109i/a
104
110%
■•863/2
99%
101%
100%
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1940
A 20-year 7s__
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s—
1948
Danish: 53%s—
!1955
1021/2
1073/a 107%
lOS'A
107%
$109% 110
107
112
$100% 102
1003/4
1021/2
63
Extended
63%
11
1073/4 107%
7
105 «/2 108"
J-D
A Lima
City (Peru)
15
103
106%
*
1
105%
109
60
103%
107%
108
$110% 1121%
101% 1011/4
$26%
98
12%
28%
M-3
$118
J-J
102%
283%
1103/4
114
M-N
M-N
70%
1948
A-0
953/4
J-D
97%
1949
J-D
1964
M-N
47%
18
50i%
76 ^
683%
70%
73
50
A Parana
ARio
•
$107
109 i/a
95%
953/4
105
761%
96y4
61
82%
A
109
44
983%
103
$109
104
IIO1/4
10
,
'
^..1931
»___1958
7s
63/4s__
Government -6%s
" "2
'
35
19%
54%
14'%
23%
443/4
64%
42
60;
'
20
10
'
11'%
20%
20
' 1
v
38
$18
54%
1
'
173i,
High
52
46
_.
58
17%'
•
1
'
$35»2
J-D
^_
36
16 V4
243/4
133-40
32
37%
•
'
1947
/
fi-0
$33
36
$18
22
18
J-D
59
60
32%
32'%
32 V4
35
34
35
38
32
'J-D
M-8
1859
J-J
1919
J-D
1921
Janeiro
■
M-N
1951
1927
5'%s
J-J
,4%
4
4'%
4
43/8
20%
60
4
45
2
22 Va
353%
17
35
19
43
16
2%
102%
109
108
112
I
4%
9%
23%
9 Vb
Deferred delivery sale,
d Ex-interest,
e Odd-lot sale,
n Under-the-rule
y $8 liquidating dividend paid.
no sales being transacted during current week.
ABonds being traded flat.
§Reported in receivership.
*No
r
Cash
par
sale,
value,
x
a
sale,
Ex-dividend,
IFriday's bid and asked prices;
Abbreviations used
Nov
M-S
of Denmark 5s_—1972
(State)
de
ARussian
78
977/a
Oct
Mortgage Bank
77%
701/4
99%
J-J
62
$20
'
Low
114 V8
29
693/4
70%
M-3
J-D
of
62
58
58
'
—1952
17
Range Since
January 1
No.
,
50%
$16%
62
F-A
M-N
AMortgage Bank of Chile 6s
117%
112
120
$112% 113
69%
703%
113
M-N
V Alssue of May 1927
A Issue
'
__
High
__
50'%
'
1958
stamped
of Bogota 7s__
151'
II
J-D
6'%s stamped.1958
7s
7s
Mortgage Bank
"
107
$109% 1103%
1950
AMaranho
64
109
107% 107%
J-D
~
49
IO51/2
105% 1053/4
107%
Sold
■■■■:•
A-0
J-J
.1953
5s
Danzig Port & Waterways—
AExternaJ 634s stamped
AMedellin
J-D
j.j ■
M-N
Bonds
Bid & Asked
Sale Price
Low
1C8%
$100
107%
Last
Interest
Fxchangs
Dec.
113
106%
107 'A
7
'108%
104
Week
111
$112% 114
'
Week's Range
or Friday's
Friday
123
York
N>w
Service—
Gas 3%s
16
103
103
F-A
1952
A—
4s
67
16'/a
$121
„■
1954
Public
96%
96 'A
$108
A-O
d3bs
94
36
108%
107
1961
.
England Power 3Vis
England Power Assn 5s
Orleans
10Q3/4
Foreign Governments & Municipalities
74%
9
9
■
107%.1073/a
J-J
1948
Debenture 5'/as
New
107%
$110% 110%
A-0
&3%s.l952
i
series
6s
35
30%;
$105
F-A
———1948"
——
deb
2
'
F-A
4VaS———1981
2022
Gas
116%
103%
351/2
173/a
57%
It-8
A—
—
109%
96 3/4
331/2
19 ;
21i%
25#
A-O
Suffolk Ltg 5s_„—.1945
Amsterdam
106
111
1
35%
flora #0
_
M-N
J-J
ANational Public Service 5s ctfs—1978
New Eng
96%
J-D
,
Mississippi P & L 5s„.——.—-—1957
Mississippi River Pow 1st 5sr„x—.1951
New
14
117'%
25
108%
108 % 108 "2
J-D
—
4(!c4 to.——-.1963
Power
107% 107%
105'%
17
35
1
.
M-S
M-N
Milwaukee Gas Light 4Vis————1967
series
13%
23'4
38
13
23
21%
.'
89
F A
Middle States Petrol 6Vis..———1945
6s
12
Co—
(Delaware)
A
income
IA York
96
Radiator & Mfg—
stamped——...-i—1948
Co conv 4 %s.a
—..1947
Metropolitan Edison 4s E———1971
4s series G_
——.......—1965"
6s
Mengel
Nebraska
89
102 »A-102'A
J-J
—1949
4s
6s stamped extended to
963/2
31
A-O
J-D
Kentucky Utilities 4s__——;
,—1970Lake Superior Dist Bow 3%a__
196b
Louisiana Pow & Lt 5s
———1957
Nassau &
65%
5
106 3/4
$116
J-J
F-A
..1968
....
$22 Vs
J-J
M-N,
—1979
Transit 5'%s
N
Ry & Elec
West
109
23
20%
'$21%
J-J
J-J
J-J
Kansas
ref
-88%
G5
...
—..—1946
3%s
& Rys
series
6s
21
20%
Kansas
&
88'%
'88%
40
87
BONDS
1st
87
64%
88'%
Light & Railways (Maine) —
Western
103
21
M-S
Minnesota P & L
87%
Waldorf-Astoria Hotel—
A
92'/a. 1071/4
943/4
105%
109".'
$107
J-D
M-S
J-J
at
107'%
62
nil%
91
105% 106
J-J
& Lt,3'%s——1965
Extended
96'%
20
87
Utah Power & Light Co-
3
104% 105%
F-A
Power 3Vis.——1966
Gas & Electric 6s——__2022
Midland Valley RR—
88%
J-J
1946
deposit.
Power
Light
1st lien
United Lt
Wash
—
Kansas Electric
McCord
823'4
FS
A-0
—.1950
stamped
Electric
111
20%
Superpower
Jersey Cent Pow
108%
"3
1041% 104%
..
75%
106 34
107
Industries—
Edison
United
/
1
of
City Rapid
Twin
■
106%
52%
23
•
•_
88%
6s——1957
Light
.
103
73%-
1003/4
100
100% 100%
J-D
1955
coup)—1955
——1957
6s.———1952
6s———.1963
Debenture
1021%
903/8
57
110% 1101%
93
105%
72
$105
F-A
Electr'c
Water
Tide
100% 101
MS
(Aug
Altallan
,105
"'
105%
10534
105% ,109%
■***»
.
1941 coupon)——1957
A 7s
series F—
————1952
A7S (July 1941 coupon^———1952,
Interstate Power 5s.:
..4—-..-1957
A7s
98%
'933%
2
64
'3"
107
102%
88%
1957
Service 5s
.—I960
Texas Powex & Light 5s__
1956
6s series A... —2022
Texas
Debenture
J-J
F-A
Service
International. Power Sec—
91%
97
100
65!%
105 %
1031%
Corp—
(Hugo)
Toledo
97%
$103
J-D
1
stamped
2nd
7-4s
63
65%
M-3
M-N
lien <fc ref
1st
1
&
(Hugo)
United
A-0
J-D
1953
1956
(J-
5Vis series B
.—1957
Hyaro-Elec 5sv-_-~—±—.1958
Indiana
57
Wash
1st &.ref
Indiana
32
97%
103'%
4
63
F-A
1966
Corp inc 5s
3d
7-4s
Dec
Certificates
107%
103%
102
$101% 102
A-O
ref 6s series A—
1st
5s
51
$103% 104
104%
A-0
—..1951
;
Power
Stinnes
104%
Corp—
1st
•
Standard
AStarrett
22
$108
A-O
1949
series B——.....—-——Jan
6s
93%
103%
324%
59
99%
100%
70
.
debentures
gold
87%
106%
98
J-J
F-A
J-D
J-D
J-J
West 4s——
Trunk
79
107
101% 101%
IO534
30
104»%
107
I'
A-0
stamped
6s
1233/2
63
103
: 98%
98%
98
—1950
Great Nor Power 5s stpd—.—,—1950
Green Mountain Pow 3%—..
.1963
Grocery Store Products—...i———1945
Guantanamo & West 6s
1958
(Adolf) 41/2s series A
AGobel
Grand
129
103
t—
M-S
Alden
Glen
104%
—May 1948
... .May
1948
6s
981%
97%
100%
7
$105
M-N
6s
Debenture
6
97%
M-S
1989
...
Electric—
(stamped)
104'A
104% 104 'A
98
8s—____ ,..2022
L
deb 5s
&
79
$104% 104%
A-0
J-J
J-D
.
4s
Rys
&
P
(A G)
Standard
Stinnes
3%s A
1969
General Pub Serv 5s—
3 953
General Rayon Co. Gs ser A.——1948
Power
85 V2
6
10534 105%
F-A
101
1021/4
127'%
68
104 Vs
104
131
1
(Calif)-
109
11
102
99
114
21
10434 1043i
104'/2
%
F-A
106
$58
88
103% 104
•
J-J
mtge 3s__.
Indiana
1
931/4
-r,—
A-0
1951
105% 106
102
1970
1971
1st
15
124
106
M-N
Florida Power Co.4s §er ,C—
Gatineau
Gas
—
100
1
$122
3'/4S_.
Gas
M-S
121
102% 103
1021%
79
108 34
74
104
J-J
,
3s_....1965
Edison
1013A
3
122%
92%
93
M-S
F-A
M-S
&
Power
Electric
33
112%
20
103% 104
156
'
J 20%
109'A
'
J-J
6s
Power
Southern
117
1947
5s—......1957
Wyoming Coal
Carolina
101%
891/2
106%
1023/4
128
87
.* D
6s_——...1951
D
86
991/2
110
138
7:
99
128
104
6s
Eastern Gas & Fuel 4s ser A—.3
-
101
19
89'/2
:
$70
'
•
88
California
99
104
95%
.77
$109% 110
M-S
1952
6s B___.
Estate
Southern
102% 1021/4
M-S
1955
33/4S_
112%
106'%
6
139%,
96%
:
A-0
Real
Id1#
1031/4 103%
138
J-D
1951
847/s
$105% 1063/4
99%
A-0
...1979
ASchulte
85
109% 110
M-N
F-A
J-D
Textile 5s stmpd—1953
Consolidated
Cuban Tobacco
...1952
....
Harbor Water 4'%s
Spalding
Continental Gas & E)
2
112
110%
$104'% 104%
138%
89
$117% 120
$122
J-D
M-N
Scullin Steel inc mtge 3s
19
100% 101
City)—
Vis-
...1949
103%
1
1003/i
A-0
2%s ser Q
mtge
Gen mtge 4
—
93
92%
101%
110
—
Jersey—
certificates..™
Southern
—-1954
mtge 3s ser P.
—
New
perpetual
137
100% lOlVi
J-D
J-D
J-J
—
Queens Borough Gas Si ElectriC-
46
(Bait)—
—1971
1969
—1876
7
110%
112
107% 107%
105
203
101
M-N
1951
7s A—
Pr
N_.
Consolidated Gas
A
5%s
-
Consol
1st
L
&
J-D
1003%
6
97
97%
100
97
MS
J-D
—
Southern
Service
Cities
M-S
110
$111
103
98
99
M-S
1952
5s
Debenture
4
100
J-D
A-0
5s_.
..1959
...1964
110 34
101%
45%
207
73%
M-S
..A—Jan
5s—
781%
102% 102%
$104% 107
A-O
1950
_
A-0
4'%s B
Sinking fund deb 4s
Safe
77
M-N
..1961
mtge 3'%s
6%
'■
F-A
A-O
..1956
97%
107»/2
102
100
...1950
F
(Can)
1
107
Public Service Co of Colorado—
1043/4
99% 100%
Corp
$105'% 107
Co—
E
5s
Echson
series
Power
102%
1023/4
$1043/4 109%
Coke
&
stamped extended...
117%
180
$150
„
103 y4
Gas
5%s^
Power
J-D
.—1970
—;
1143/4
115
115
$120% 121%
J-J
1927
—,—1952
Cincinnati St Ry 5%s:A
39
107
1 08'%
1063/4
J-D
..v
'
•
•
30%
102%
105
1073%
,
1
'
.
8
13
$107
13
$102
J-D
A—1953
L<5'%s
38%
104% 105»2
105'%
23%
•
J-D
M-N
Q-P
A-0
1954
38%
101% 105'%
853/4
.
—
1033%
J-J
1977
5s_—.—
A 5s
Central States Electric 5s—■'—_1948
1st mtge 3s
Central Lt & Pwr 4J%s
Public
A
5s
23%
M-N
Central
Light
108
84
J-D
Power 5s—
1953
Gas 3%s
—1964
&
Park Lexington
26
14
..1962
4s__
108% 108 »A
MS
Northern
107
109
26
23%
M-3
Canada
110
105
106'%
26
1962
107
6
107%
127/e
.1998
17
100%
13%
6s
108'4
1053/4 105%
108
105%
1
13%
6'%s__.
106
1
62
Birmingham Electric 4'As ———1968
Boston Edison
2%S—
-1970
91
54'%
104
4
67
1957
.*5
90
106
109% 1093%
106
-I960
A-0
90
$104
102% 102%
23'%
:
90
M-N
108
233/4
——
115%
A-0
23%,
—
—
108'%
115'A
U15
A-O
;
High
103'%
Pacific Power
26
.
B
series
5s
series
I.
Low
5
F-A
23
of Canada—
Telephone
1st
5s
Service
1968
:——.—..1971
33/4S
mtge
January '
No.
103% 104
J-J
.
Range Since
Sold
F-A
Portland
Bell
1948
1945
Bonds
»
High
1948
23
warrants.—1947
without
5s
Friday's
Aug 1955
23
1955
J-J
Utility 5%s
3s_—
Public
23'%
,
..—1954
Oklahoma Nat Gas 3%s B
233/«
—
or
J-J
5s
1st
mtge
Ohio
A-0
___
1st
Power
1st
,1 F-A
City Elec ,3 Vis—1—1964-
Avfry & Sons
Ohio
2004
5s—:
Continental
North
Ogden Gas
1949
—
Assoc T & T deb 5'%s A
Atlantic
Debenture
-.1^—1950
—
5s
Westchester Ltg 4s
&
———1968
deb .4Vis——-
AConv
,
Y
M-S
J-J
1948
4'%s,
Week's Range
Last
Sale Price Bid & Asked
Period
Oklahoma Power & Water 5s
77 %
j-J
SAssociated Gas & Elec Co—
AConv
'
2
108V4 108%
■
$126
•
63
104% 104%
99%
99%
1043/*
105
lOS3/*
107# HI,
96
1067/e
88% 100
106% 109
124
1,27%
1053/4 109
46%
79%
10
.
$108% 109»/4
A-0
1956
—
5s_—
41%s_
.
..
103 3/8
2
105,3/4 106 Va
—
J-J
J-D'
J-J
Amer
104
104
J-J
J-J
J-J
M-S
Interest
U
lt> w
Co.—
1950
1960
1970
Friday
Exchange
Dec.
High
Low
No.
N
debs.
s
3'%s
Amer
f
s
High
Curb
Ended
Week
January 1
Sold
Sale Price Bid & Asked
York
New
Range Sinct
Bonds
Friday's
or
263^
BONDS
Week's Range
Friday
BONDS
Npw
FINANCIAL CHRONICLE
above—"cod," certificates of deposit;
tive; "conv," convertible; "M," mortgage;
"w
i,"
"cons," consolidated; "cum,
"n-v," non-voting stock;
cumula¬
"vtc," voting trust certuicates,
when issued; "w w," with warrants; "x w," without warrants.
I Chicago Stock Exchange
Baltimore Slock Exchange
Dec. 18 to Dec,
21 both inclusive, compiled from
Friday
17 %
17%
730
Transit Co com v t
*
1.00
1.20
25
-100
9%
10%
100
c—
/_
Preferred v t c
Abbott
'
pfd
Georgia Sou & Fla 1st
9%
Jan
145
15
125
29
50
20
145
Mar
29
Jan
(J
Adams Oil & Gas
Aetna
Feb
Ball
75
39
27
Mar
81
425
77
Jan
85
Dec
Oct
Oct
25%
25%
100
22
Jan
28%
38
38% I
401
29%
Jan
40
&
Armour
Automatic
,
$1,800
50%
507/a
1975
58
59
Jan
101
Aug
49
Mar
56
Jun
1,500
197b
901/4
15,000
101
101
Certificates
55
Mar
64%
Jun
Jan
Jan
111% July
Jan
158% July
4¥a
5 Va
2,750
3
Jan
vl :.■>■:•
43/4
1 Va
—5
Bruce
Boston Stock
Friday
Last
Sale Price
Par
100
155%
50
Boston
Range
1,402
1st pfd
%
17%
127%
24
677
98%
32%
32%
32%
Jan
31%
13%
Jan
Jan
July
34% July
Jan
69% Aug
62%
4%
102
6%
Chrysler
8% May
1%
Jan
8%
Jun
V
2%
Jan
8%
Jun
Common
2%
8%
Jan
30
23
282
6
35
Feb
Dec
Apr
May.
5%
Street
Mass
1%
"—100
—
125
17%
Jan
Jun
%
55%
33%
42
108
*
Jan
19%
32
32
Jan
2 % May
'
—
Association
Public Service
t
c
Dec
124
Oct
57
175
25
Jan
70
Nov
14%
350
6
Jan
24%
Sep
250
7% Nov
8%
•
—
31%
32%
184
27%
8%
136
2%
11% July
34 % Apr
Jan
8%
32%
II—1
9
Jan
9%
Sep
Capital
•
General Electric
K
—
Gillette Safety Razor
nil*
Co
class B———
Hathaway Bakeries
Creek Coal Co..
—
u
'
-i
■
—
453
31%
26.08
Jan
37%
1,567
30%
Jan
7%
117
4%
Jan
15c
50
65C
28%
28%
200
75c
30%
451
2%
16%
•
100
lVa
2%
—
28%
1%
16%
3%
15
3%
30
Kennecott Copper
39% Jun
Jan
150
65c
V
1
——
Royale Copper—
35 Va
31.11
7%
3"ll03
31.03
36%
mil
*
32.78 July
40
July
9 % May
1% July
Feb
29
Dec
Aug
Mar
1% July
28%
Jan
35% Apr
__
...
—
181
2%
Dec
5
14%
Jan
50
2%
Jan
6
Jun
17% Dec
RR
Central
6%
Apr
—
—100
20
23
211
12%
75c
259
12c
Jan
•
135
35%
.,
Jan
1
May
1% Apr
50
July
—1
Narragansett Racing Assn Inc
6%
11%
12
Nash-Kelvinator
Service
National
Cos
——
—1
5c
—
Jan
23
11%
Feb
22%
Sep
3%
Jan
4%
Jun
8 Va
500
5%
Jan
10% July
27%
7100
20%
Jan
29%
Nov
923%
160
93
Nov
•is
550
is
900
:
¥a
New England Tel & Tel
600
.273
.
Jan
Decker
(Alf)
108%
60
58 ¥4
110
56
V7
*
•
common-!-
(N H)——
Northern RR
%
—
—100
Old Colony RR
—
35c
97
97
10c
2,120
5
40c
5,590
78
Dec
Jan
Jan
10c
Dec
100
1 Va
Apr
•
—
Pennsylvania
—50
RR
Quincy Mining Co
....
25%
25
—
25%
25%
15
25'A
25%
1,555
1
125
1
19
Jan
23%
Jan
Co
Fox
———L_
common
66c
Jan
400
38%
Jan
49%
Oct
300
65 %
Jan
84
Dec
'1
•
60
_5
Brewing common—
(Peter)
Fuller
Reece
—10
Machine
Folding
United
United
•
(The)
Fruit
-
'
•
Mar
12 Va
350
11%
Jan
15%
81
100
67%
Jan
85
July
2,850
3%
Jan
18
May
21%'Jan
27
July
55
'
55
'
v
Rubber
I-123
33%
1 Va Mar
193
465
9%
Jan
14% Sep
201
5%
Jan
Jun
10% May
843A Dec
Jan
36
8
84%
20
34%
170
62
29%
July
14
80
7%
Jan
73%
73%
75%
448
60 Va
Apr
15
Sep
76% Sep
67
67
69
495
63%
Jan
74
43%
—
-
Utah Metal & Tunnel
Venezuela
33%
84%
% Nov
1%
22c
Holding Corp—
—
*
Waldorf System Inc
Warren (S D) Co
22C
90C
•MM
20
95
95%
47
Jan
46
July
20c
Oct
48c
Apr
250
75
10%
20
Sep
25%
5,100
90c
10%
*
42%
90
42%
20c
365
44
42%
Sep
July
.
35
80c
7%
Oct
1% Feb
Jan
11% May
16
Jan
21
80%
Jan
99 ¥4 July
Oct
Co
14%
24 Va
-
24 ¥a"
-
50
—
237
Goldblatt Bros
17
17.
common———*
Inc
-
..
Inc
&
Maine
mtge
4%%
series
For footnotes see
A
page 2611.
-1970
50 Va
50%
$7,000
40'%
Jan
57% July
Jan
5% May
2%
Feb
5% Aug
50
14%
Jan
22% July
92%
70
83
Jan
100% Aug
2 3%
250
92%
Horders
Inc
&
Hubbell
Jarvis
•
—
R& cbhimon-.;—__
Harvester
;
Jan
13%
1%
Jan
6V8
1,500
7%
550
29%
50
12
100
12
750
5%
116%
%
3%
23
Jan
Jan
Jan
Dec
Apr
6% May
8% July
31
Sep
Jan
9
6%
15
3%
14
Jan
400
2
Jan
4% May
100
6"%
Jan
9
Aug
150
34%
Jan
44
July
43%
5-1 ¥1
7%
7%
7%
500
37 V4
37%
500
25
Jan
41% July
13%
13%
500
10
Jan
13%
Oct
195/a
19%
450
17%
Jan
21%
Oct
250
7%
Jan
10 %■ Apr
19 ¥4
'
;•
1,850
v
8%
8
•
760
9%
9
13
13
100
33
'
MM
33
50
'
,
MM
13%
50
20%
'
20%
100
1%
44% Jan
4%
4
2,200
Jan
6
13% May
35
Dec
10
Jan
17
July
15%
Jan
20% May
Jan
2% May
1%
Jan
1,200
7%
Jan
16% May
150
18%
Oct
23% May
19
July
74% Jun
15 Va
16 Va
100
11%
Jan
72'%
73
600
57
Jan
12 ¥4
350
4'A1
4%
1,250
6%
t
63/a
550
,
6%
9% Jan
3 Va Jan
5%
'
Dec
97
41
Jan
48
650
2% Mar
5
NOV
20
24% Mar
32
Dec
4%
-
32
32
7
5
Jan
stock
—10
Noblitt-Sparks Industries Inc cap
North American Car cbmmon—
5
20
8%
Sep
Jun
n
32
2,750
.100
%
Jan
2
July
153/4
330
9%
Jan
20
Sep
5%
5%
50
2%
Jan
20%
20%
100
40
40
63%
'
M
15%
,
'
MM)
.
5%
Oct
Jan
27% May
37%
8%
13
Feb
45
Jun
8%
100
Nov
13
May
14%
14 %
100
10
Jan
16% July
37%
37%
42% July
8%.
37%
io
100
32%
Jan
300
3%
Feb
6%
Dec
11,500
4%
Jan
9%
Dec
,
10
9%
/
10
6%
6
6
-T
.
'■
TV
'
—
19
t
V
,
21
4%.
8
4I/2
1! Mar
8%-Jan
21
1%
Feb
11%
Sep
Jan
11%
Sep
200
8
■;
1,700
2%
2%
10
MM
2%
2
Va
Jan
900
1
'
750
8%
Jan
50
%
Jan
2%
41
10
433/a
44
850
14%
14%
50
12%
12%
12%
600
10
33
—
17%
150
11
Dec
% May
Jan
%•,-.•
10 V*
41
44
2
30O
%
%
•
% May
1,650
6,450
iV
is
■
•
21
*
Springfilled, common
Va
15%
6¥8
M
3Va July
12
July
3% May
Feb
45
Nov
33t% Jan
50
Sep
36
•
Cylinder
Jun
95
4
*
.
Jun
20
100
4
*
8%
48
MM
*
Montgomery Ward & €0 common
July
5% Nov
95
'
MM
Convertible preferred A
Chemical Co common
Preferred
.'J
16
48
MM
Co—•
Monroe
Jan
95
-
Corp
*
10
—*
4% Nov
10 3%
20%
_*
c
9% Aug
Feb
Jan
•
preferred-/
Sep
11%
12 %••
—*
.-7
——*
Midland Utilities 6% prior lien
100
7% prior lien
;i_—■
:
100
7% preferred A—i
———.100
7%
10%
:
-i
56% July
20
10%
—
common--————*
common——1
Corp capital—
——5
Jan
30
150
1%
33%
—
*
1
Nov
100
3%
8
'
.100
Marshall
1
16%
Jun
50%
Mickelberry's Food Prod
t
6%
16%
"
Masonite
v
Nov
Jan
43
1
Manufacturing
stock
July
51%
-
Dredging;Co common—
Field common
——•
& Hart—
13
14% July
43
73/4
_____
*
—_——*
Common
Jan
Mar
3%
..
1
preferred-
United
550
5%
„10
Co capital.—
McQuay-Norris
200
43
43
—
—
McWilliams
Nachman
10
50
10
common.
$3% preferred
Common
42% July
53%
""
Lindsay Light & Chemical com—
*
i
■'
•'
McCord Rad & Mfg class A—--—*
$1 prior
Jan
12
Libby McNeill & Libby; common—.
Lincoln Printing Co common
Miller
26%
10%
■
Co capital
(W B)
West
95
X73/8
12
—5
Katz Drug Co common——
Middle
Dec
Jan
13%
common—
ttfCitV
■
Midland
Jun
8%
2
40 Va
claks B
Inc
Harvey
''
Brick
3% July
19
42
10%
29%
Jan
80
400
6
1% Mar
11%
300
8%
95
393/4
'
—
MM
*
dommon A——*
(Geo)
Hupp Motors common! (new)—
Illinois
50
15
8%
MM
common-----—
Co
■
95
,
20% Sep
200
MM
M
10% Jan
4¥a
19%
2%
-
Hormel
50
17 ¥4 ■
•
15
common——10
Brewing Co capital-,—1
National Standard cajp
RR—
2%
4%
.
Harnischfeger Corp
Gas common-——1
National Pressure Cooker common
2
BONDS—
Apr
19'/a
'
MM
Goodyear Tire & Rubber common——*
Gossard Co (H W) common
—___*
Great Lakes Dr & Dk com
*
National
Boston
4.50Q
'
200
'
'
common
General Finance Corp
■
Westinghouse Electric & Mfg
60
: '
'
'•
—*
common—_—1
Preferred —,——100
General Foods common—.
_*
General Motors Corp common;
10
Denver
Gardner
July
12%
Nov
42
12%
81
'
MM
I
Kentucky Utilities jr rfcum pref——50
Leath & Co common./
*
13%
•
Co.
Machinery Corp
6% preferred
United Shoe
U S
—
Inc—
Drug
l'/a
12
7%
.
Surburban Elec Securities $4 2nd pfd_*
Co
12%
•
Stone & Webster Inc
Torringtoa
--
•
Assn.
Oct
.
Manufacturing! common—1
.
Shawmut
6%
'
_10
—
Kellogg Switchboard common.
5%
preferred.
——100
1% Mar
Aug
84
*
_■—
Auto
Drive
July
28% May
32 % Apr
14
Jan
Connell Dock & Dredge
Simons &
Fitz
Four-Wheel
Cumulative
Pacific Mills
Jan
2'
>
•
•
Indep Pneumatic Tool v t c—-
2% Mar
85c
Oct
9%
46%
4%
—1 ;•
International
%
July
10
50
13%
Indianapolis Power &: Light corn-
24c
Oct
61
Apr
83
24%
Corp -—
5
Elgin National Watch iCo—•— —;
—15
10c
15
iV
31c
113
Jan
3%
11,050
'
Utjl
14% Jun
'
..2.50
North Butte Mining
Jan
26
'
ManufacturingfjCorp common—*
'
New York New Hav & Hartf RR— —100
99 Va
5%
81
_*
Dodge
Co
Jan
110% Oct
1 % May
45%
'
MM
&
Feb
Jan
10% July
Jan
123%
——100
lc
86
Mar
Jan
5%
.
84
,
Jan
jsa
6
10
7
.
.69 % Jan
123/4
1
46
Cohnjlnc common—10
&
————J.
Oct
July
50
9
%
:'
108
'
'5 Va
'
25
6%
202
5C
105% 106%
—10U
—
3%
100
6%
12
Dec
12%
1
•
Illinois Central
8%
Nov
July
50
Dayton Rubber Manufacturing com—1
■
48
48
Mergenthaler Linotype
33
Jan
70C
23
*
4
100
'
preferred
5%
Massachusetts Util Associates v t c —1
15% July
300
.83%
MM
Co
Houdaille-Hershey
common— —100
19%
Jan
4
23
-
9
MM
Cudahy Packing. Co 7%
Heileman
—5
Corp (Del) common—
25
Loew's Boston Theatres.
——
Lamson
Jan
Sept
1%
90%
'
common-—!-——-—
:_25"
cum pfd—100
Lighting Inc common—
2%
Crane
$
34 >/8
—
Corp
13
21
4
MM
.
shrsfj v tc class A—50
partic
Electric Household
54%
—-
—*
—
94%
3%
11%
600
15
23
/'MM
L;—1
Domestic Industries Inc class A
Jun
50
Apr
200
19%
3%
.
|
pref partic shares--———50
'V-
Maine
38% July
——10
59% Nov
14
—100
—100
—
195
94% 115
A——.—100
First National Stores
Island
Jan
MM
—1
common-
37%
'
Jan
Ry—
•
Isle
26%
'
Employers Group
General
150
'
5%
Consumers Co—
Apr
7% May
4% Jan
42
1%
55%
-.100
Eastern SS Lines Inc common-
Engineers
3 3/4
11
5%
9 Va
19% July
%
Deere
—
preferred B
—
preferred adjustment
6%
!
14%
5%
Fuel Associates—
1st preferred series
6%
6%
6
Jan
rnmmm
——8
Jan
5
5%
29
.13%
•
*
—
1%
.
100
"
.
8% Aug
15%
-7
:
161
430
39% Mar
Jan
14%
—
capital——*
Edisori
Nov
4% Aug
27
;;
_5
.
Consolidated Biscuit common-
Apr
33%
4
8%
-
,
——
commoi
Corp
9% Apr
200
34
21
?
Yellow Cab
Chicago
Jan
150
.4
common———5
Cities Service Co comrfion—
>20
14
«
Eastern
.preferred
5%
650
'
—
Sep
19%'
23
•'
—-*
19% Oct
v
''
15
capital———————*
Common
«
Preferred
prior preferred
preferred
Oct
23
16
8%
U.M
_1
32%
4%
5%.
—
4%%
14%
Jan
100
100
8%.
4%
'
——*
Jan
4%
28
—
Common
Jan
150
.
Jun
'8%
,
Corp—
Jan
4%
*
6%
9%
13%
21%
MM
.
.30
8%
14
200
4%
—10
Eastern Gas &
6%^May
34%. 36
pfd
2,048
23%
'
Co
2%
15%
.
MM
common—
Chicago Towel Co—
Nov
Curtis
Range
Jan
Nov
.4%
'
MM
.10
common!—
Chicago Corp
Convertible
Apr
24
375
19
22%
4%
5
Service
%
3%
33¥4
'
'
MM
'
Light pref—*
Corp
July
250
8
-
'
•
,_1
—
-
Power
Commonwealth
10% class D 1st pfd stamped——100
Boston & Providence RR
-100
Copper
States
Burrell
Central
Cherry
Jun
81"
2,187
67%
19
23 %
stamped
100
stamped_100
Calumet &, Hecla
1% Mar
7
750
13%
.10
-:—1
—
Sep
6%
Jan
2%
1%
'
Preferred
158% July
Jan
Jan
95
■
-
West] Util com
50c
preferred!—————__*,
iien
Prior
High
Nov
210
12
67%
class C 1st preferred
Cities
Securities
l_
preferred
Common •:
Range Since January 1
135
25
97%
98
32
—100
1st pfd stamped——100
B
class
100
>
3Va
21%
'
-5
Serv $6
Pub
:
—'
Central & South
High
155%
154
12
Albany RR—
class A
8%
7%
43%
Jan>
%
■
—
.i—
Chicago Flexible Shaft
prior preferred—.
"5%
150
.
1%
M'—'
common——
Brothers
Illinois
lists
Low
30%
I.
.
comriion.,—
Piston Ring
Convertible
Boston & Maine RR—
7 %
50
38%
108
3%
1%
-1
common-!—
Central
Shares
of Prices
24%
Edison
Boston
-
common—
_i_
(E L)
Illinois
Sales
for Week
Week's
30%
Xnc
Son
Boston &
Exchange
Low
100
—*
.-100
.—25
Elevated Ry..100
Herald Traveler Corp
—•
Bird &
.
Corp__ 1—:
Central
24 both Inclusive, compiled from official sales
■
Boston
!
—3
5% convertible preferred
——
4%
\
& Wire class A pfd—
Bros
Butler
Tel & Tel—
■;
—4
—
Co
Burd
Anaconda Copper
■
Laughlin Inc ^common;
Warner Corp ccfmmon
..
& Sons (E J) fcapital———
Bunte
American
38%
•
(Delaware)—— —3
Common
-
18 '/8
90 Va
&
Brown Fence
Refining—
Jan
25%
Aviation
Corpj common—
Berghoff Brewing Corp—
_—.
Binks Manufacturing Co capital-
Brach
American Sugar
12%
128%
Bendix
Borg
STOCKS—
200
60
|
Bliss
Dec. 18 to Dec.
13% Aug
300
-
Seelig Mfg fcommon A—,
&
Barlow
——
Jan
108
'
'
capital——
Baistian-Blessing Co
5s series A
Apr
11
17
■17.!v
100
154 Va 154%
s
'
Belmont Radio
Coast Line Conn— '
of indebt 5%
Transit Co 4s
Nov
6%
.100
co&mon——
Washer
Aviation Corp
40%
Jan
.100
Co.
commop———
Wheel
Truss
Jan
2%
13%
13
,
.
'
Bonds-
Atlantic
13%
Manufacturing Co com— .—1
Asbestos
Athey
Co
6
400
~
43%
capital-——
Tel
&
Tel
Nov
200
11
-4¥a
'
-
''
Nov
200
%
__
—
'
American
15
Preferred-
American Public .Service
38% May
62% Mar
Jan
80
July
42% July
common
Chalmers' Manufacturing
Allis
July
.4
-
High
Jan
10
14
10%
,
■
Castings——
common-
Bearing
Low
51%
60
400
14 I
com.
Range Since January 1
High
59 ¥4
common——
Laboratories
'•
Baltimore
Low
Co common-
Allied
Sales
for Week
Shares
Range
of Prices
Par
.
Manufacturing
D)
Advanced Aluminum
Jan
81
38
Laboratories
Adams
Jun
61
25
Mount Vernon-Woodbury Mills pfd—100
New Amsterdam Casualty—,:
—2
D S Fidelity & Guar——:
—50
(Tom) Distillery
Moore
6'%
100
7%
12%
Aug
145
—20
,—100
Fidelity & Deposit Co.———
7 Va
7 Va
Assoc com v t c__——1
Eastern Sugars
2.95
1.00 Mar
8
,
f
Mar
19
Jan
16
.
High
Low
High
Arundel Corporation
Bait
Range Since January 1
Low
Par
Week's
Friday
Last
Sale Price
,
STOCKS—
Shares
of Prices
Sale Price
STOCKS
compiled from official sales lists
18 to Dec. 24 both inclusive,
]
for Week
Range
Last
Deci
I
official sales lists
Sales
Week's
Monday, December 27, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
2606
10
9%
4%
Jan
15%
Sep
Jan
14% July
Jan
14%
Nov
July
33%
33
50
26%
Jan
38
31%
33
100
23%
Jan
37% July
17
17%
450
8%
Jan
19%
'
Sep
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
158
2607
OTHER STOCK EXCHANGES
Last
.
Sales
Week's
Friday
1
'
17 %
300
10%
Jan
North Western Util prior lien
94
94
240
56
Jan
103
21%
Oklahoma
——100
& Elec 7%
Gas
Omnibus
Corp
pref—100
pfd_——100
common—
Parker Pen Co
(The) common—!
preferred
Penn
—
22
50
9
Jan
23
Oct
Electric Switch
Pennsylvania
Potter
Co
Pressed
Process
Car
Quaker
Oats
Preferred
Co
,
_1
,
-4
common——4.?
12
1%
.
.
1%
.
%
70
71
20
U
Jun
Cleveland
Dec
Cliffs
2% May
13%
Jun
3%
,
Eaton
Elec
Schwitzer
11
20%
20%
300
10%
11
450
88'A
20%
capital-—4——1'
Cummins
Sears-Roebuck & Co capital
89 %'
150
.
11
*
_
.c„.
...
Spiegel Inc. common—...—2
Goodrich
Mar
Goodyear
i
,
of
~
Swut-dc
Co
capital—
capital
1
Texas
Corp
Thompson
Trane
S
U
s
:
—_—
,
..
(J
Co
Gypsum
Steel
Co
1714
4
_L
,
48%
—
;
'
.
;
100
250
72
51%
37/b
/.
Jan
Nov.
Jan
47%
,
Bros
Cooperage
Halle Bros
Interlake
Walgreen Co common—
Union
__
July
Sept
86% Jun
74% Oct
: v
7
•
42%
July
20%
Jan
28
100
•
_;T
40%
a 40%
50
56%
56
50
Jan
60
11%
Feb
16 %
Sep
Dec
12%
15
a41% a41%
64
a37'/e a37%
July
39
*
47
47
60
Jan
47
13
13
130
9
Mar
15
*
32
32
25
30%
Jan
35%
11%
11%
200
9V'a
Jan
15
July
5%
5%
900
4
Jan
7
Jan
—
Kelly Island Lime & Tr_——*
11%
Lamson & Sessions.
Medusa
Portland
57/8
Cement—.
National Refining
Nestle
43%
16
16
100
14%
LeMur
104
prior pfd 6% —*
104
126
65
"A"
6%
6%
Patterson-Sargent
Van
Oct
Feb
Jan
18% Mar
Jan
1%
130
104
Dec
Jan
7
Nov
15
products
Dorn
Iron
26%
Jan
49%
•
...
31%
11%
Jan
1,440
23%
Feb
July
34% July
20
May
3
Nov
9%
Sep
41 »/8 a 41 Va
50
a32% a33%
...25
81
a
Inc.—
Works......;
Refining
Weinberger Drug
14
31
31
14%
235
9%
Jan
2%
275
1%
8%
14%
14%
2%
*
8%
153
7
Sep
Jan
a21%
118
2
Stores——
8%
*
50
a20
90
a37
a37
common........10
a20
a20
50
Graphite Bronze common—1
a40
a40
215
Youngstown Sheet & Tube—
Unlisted—
Mul
Oct
99
75
13%
—
Warren
59% July,
4% May
.
.:.
150
26%
42%
98%
.
267/b
__
*
Teleg common—.100
Apr
18% July
—_._.__5
Steamship
Addressograph
Western
Jan
56%
__
"A".,
common
Thompson
15
...
,
Jan
Jan
2
Jan
10 Va
12%
Rubber...
Standard Oil of Ohio
Apr
.
53% July
,
Jan
59%
,750
59
720
~~
*
&
Richman Bros.
14%
Feb
8
1,100
4
555
13%
*
F
Tire
271/2 Dec
.7 %
76% Nov
50
50
72
B
Steel———.
35%
.
8%
.
v
61%
13%
...5
White1 Motor
801/s
,
1
41/2
Jan
42r
5C.
:
11%
12%
80'/a
—
1•
.
48%
11%
60%
preferred..61
a
141/2 /Jun
18% Mar
.
27% .Nov
.
443
38% July
22%„ Jan/
.
Oct
July
3
Jan
.14%
950
14%
Jun
171/4
.
Jan--/,
>350
:
12%
-
51
20
common
common.—...:
1%
1,200
30%
50%
Jan
,28% Jan
50
27%
301/2
Sep
Jan,
250
,
•171/4,
16 %
27
capital.—J--
Utah Radio Products common—
;/
4
11%.,
.
4 '
—
common——————2
(The)
Union Carbide & Carbon
U
,.
capital
25
R) commonc.—25
4
11%
.
71
Sep
14%
Apr
8%
..
Jan
1 %
550
-
27%
.Jan
13
.
25
—.15
—
International
33
r-
;
Sundstrand Machine Tool common——'5
33 %
Jan
■
13% July
July
4
10
Oct
lo
■34% May
20[
600
Jan
Sep
Jun.
100
2
May
Mar
Jan
:
151/2
32 %
,
common.——_4S
■
48
.
>•
4%
:
id
500
Oct
90%
,
400
,
■
,.'■5%
•
15%
2,„:
capital——25
Sterling Brewers Inc commonu;——.1
Swift
48.
3
14
Jan ',
Jan
29%
30
Feb
6%
14%. July
,,
24%
900
21
5%
,
,
•
!
Indiana
Stewart Warner Corp
—
7%
.
59 %
850
.
■
11%
21
.,-~s ,;v
preferred———4—20
Common',————-1
Oil
:11V*
,
•
„
,
St Louis National Stockyards capital—*
8tandard
34
34
Sinclair Oil Corp-———---—————*
South Bend Lathe Works capital-—__5
Standard Dredge
3%
3%
Serrfck.Corp class B common..—1
Signode Steel Strap Co preferred-,—30
.
4'a
49
*
*
Pressed
Mar
.
High
6%
100
250.
10
a42% a43%
Mfg
92
Jan
19/
Iron
common
Controller
155
S(% Jan
50
5%
jamury 1
Low
Jun
Jan
14 7%
Cliffs
Corp
Greif
Raytheon Manufacturing common—50o
Sangarao Electric,Co common_^_4—u-"1 V
9%
*
Feb
70-
970
154
5%
5
...
Range Sinee
High
May
Dec
/ 154
,
Body
City Ice & Fuel
Fostorla
•
—
100
50
&
3
33
Jan
1%
•
Mfg..
Coach
Shares
Jun
5
Jan
6%
110
450
12
..
Brass
18
1
231/2. Jan
:
Nov
86%
Jan.
100
2V2
21/2
2%
25%
Feb
14%
50
American
Feb
70
600
1%
.•
common—
_
17'A
25%
Akron
Dec
Jan
2%
20
17.1/4
■=
.
—V,.
common—-4-—
(The)
Corp
—
of Prices
Low
Brewing Corp of America
livz
600
251/4
:
/
oO
(The), common——
Steel
3%
80 »/2
80.
80
Dec
9
Jan
4%
300
31/4
3%
100
L_—;
23 >/2
221/2
class A——10 /
capital
RR
1,300
124
Mar
114
100
9
7%
Sales
for Week
Range
Sale Price
Par
124
124
9
10
U-5
...——-■
t
124
,6/.
-
Peabody Coal Co class B common
6%
— '<
■
Last
STOCKS—
from official sales lists
Week's
Friday
Dec
Sep
*
preferred—,
17'A
Exchange
Dec. 18 to Dec. 24 both inclusive, compiled
High
Low
:
16%
Northwest Bancorp common
1%
Range Since January 1
Shares
High
Low
Par
Cleveland Stock
for Week
Range
of Prices
Sale Price
STOCKS—
Cleveland
'
■
Wieboldt Stores
Cumulative
Wisconsin
Woodall
preferred
:
«'1
•
'
General Electric
•
8
common——.—2
98%
20
Nov
Industrial
8
81/4
950
51/4
Jan
8%
Oct
Interlake
41/4
0
common——*
BankShares
Industries
'•
i
Inc—
prior
4%
250
31/4
Jan
6%
New
Yates-American Machine capital—J_—5
Zenith
Radio
Corp
150
4%
Jan
450
19%
34%
33%
',
37% July
Co
Central
RR
10
a
15%
a 15%
54
a
common—...*
S
common..
Steel
16% al6%
24
210
Martin
Inc
(The)
69
Apr
500
5%
Dec
91/2 May
37%
800
30%
Jan
39% July
6%
200
5%
6
15
Dec
24
Members
May
15
Jun
16%
300
1,500
23%
24%
.*
37%
38%
200
26%
Jan
.*
16
16%
400
91/2
Jan
5
Jan
,19% May
12% May
14
Jan
201/4 July
—
6% Jan
t
300
10y2
Jan
20 7
1,700
15%
Jan
30
9%
550
17'/4
17%
200
13
13%
1,900
'
*
.
Chicago Stock Exchange
.
40
DETROIT
Ford Building
Telephone: Randolph 5530
•
.
capital—25
*1
30%
Jan
60 %
Sep
5%
Jan
13%
Dec
25%
Jan
46%
Sep
24%
13%
10
U. S. Rubber Co common—,
Sep
46%
•
common
common
New York Curb Associate
Detroit Stock Exchange
July
July
49%
Standard Oil of New Jersey
New York Stock Exchange
May
——•
Republic Steel Corp common
■■
Watling, Lerchen & Co.
Apr
121/8
15%
12,
Radio Corp of America common——•
Studebaker Corp
9%
Jan
16
common
Brands—
Apr
11%
capital
Co
54% NOV
common——•
Pictures
Pure Oil
July
200
15%
Corp.,
Pullman
65
56
37
1
Co common
—;—.5
New York Central RR capital
—•
Paramount
31%
Jan
5%
•
(Glenn L)
Dec
45%
8%
6%
Interlake Iron Corp common
Nash-Kelvinator
11% Jun
24%
300
55%
55%
•
.
Jan
1,150
55
8%
1
Electric
6%
25
54%
24%
Copper
Curtlss-Wright
300
24%
*
com
Mining
—..50
Atchison Topeka & Santa Fe com
100
Bethlehem Steel Corp common—
•
New
Dec
Detroit Stock
Exchange
Dec. 18 to Dec. 24 both inclusive, compiled
Last
/
Cincinnati Stock Exchange
Dec. 18 to Dec. 24
Last
•'
Prod
of Prices
Lotff
Par
,
American Laundry Machine..——20
American
Range
Sale Price
STOCKS—
for Week
Shares
Low
26%
10
2%
prior preferred——7
High
20% Jan
28% July
'• 2%
100
Jan
%
,
2%
;
—...—...8
8
8
16
6
—————-—-100
110
110
5
91
6
6
86
Baldwin
Preferred
Burger Brewing
*
._r———
Mar
Detroit &
—
7%
Cincinnati Street —————50
Cincinnati
Telephone———/50
,
Detroit
Nov
8
A——>—7.J.11*
72 %
Crosley
-
43
7% • Jun
60 >'Jan
7% Janv
35
94
16%
15
17%
37
—_c__*
—_/
Corp
133
8
"
125
class
Cola
277
37
■
May
Edison
20
common
9% .Jan
Jan
74% July
9% 'Jun
125
23 Va
Gar Wood
Dow
Drug
Formica
Hatfield
...
—
'
Dec
2% Jan
7%
Jan
10
37
July
5%
Dec
1
13%
12
12
—*
—
31%
7
31%
31%
*
2
*
—
—
Manischewitz
2
10
10
28V2
Jan
20
Jan
30
-6
20
Feb
31%
89
«.;■
13%-Dec
10
1
6%
Feb
250
24% Feb
25
10
Graham-Paige
Randall
U.
S.
•
56%
.t
56
-
57%
387
Hoover
May
Dec
McClanahan Oil common
Mich Die Casting common..
20% July
—
Mid-West
Dec
32% Oct
Abrasive common
Motor Prod common
!
1% Aug
Oct
Park Chem Co common
10%
Nov
Packard Motor Car common—
58
Sep
21%
10
17
Jan
25
Oct
8%
8%
160
3
Jan
10
49%
2%
—
Preferred
Waco
Jun
4
July
12
Jan
135
300
4%
Jan
150
1
Jan
15%
Dec
7% May
4% July
2,815
3,138
5%
4%
100
Jan
3
17%
Jan
2
Jan
3%
Jan
5
Apr
22% July
4% Apr
1%
2%
xl%
500
1,000
864
100
3% Jan
44%
Jan
1%
Jan
83c
Jan
229
14%
Jan
370
9%
Jan
1,200
6%
Apr
6%
Jun
56
July
3 V* May
2% May.
__
12%
,
19% 19%
12% 12%
20
July
13% Oct
Jun
Davis common
Parker-Wolverine common
2%
2%
150
1%
Jan
4
—
2
4%
4%
600
2%
Jan
4% Dec
—
22c
1%
67c
5
1%
15%
26c
1%
67c
9,110
1
*
1
50c
*
26c
—
—
5
*
t
.
—
-1./
——1
*
*
*
Peninsular Metal Products common—1
Pfeiffer Brewing common
—*
,! 31
.
i.,
—
—
.
5
1%
15 %
3
3
3%
3%
31
31
8%
8%
1%
1%
7%
7%
200
300
13c
1%
Jan
28c
Apr
Jan
2%
62c
Jan
1% May
6% July
Jun
5
Dec
400
IV4
Nov
170
10%
Jan
670
1%
Jan
2%
Jan
5
May
Jan
32
May
Jan
10
100
3,370
369
100
200
28
5%
76c
Jan
2% Mar
16%
Jun
3% July
May
1% July
8% July
100
5%
Jan
4,525
1%
Jan
3%
721
10%
Dec
14%
Apr
100
2%
Jan
4%
Jun
1,000
1%
Dec
2% May
310
23%
Dec
33% Mar
651
iya
Jan
2% Nov
137
1%
Jan
3%
515
1
Aug
1% Mar
Oct
50
;
21%
*
A...
15%
4%
2%
1%
—
——..1
Michigan Sugar common
Micromatic Hone common
12
_*
class
Printing
Jan
Jan
—1
Products common
LaSalle Wines common.—.
8 % May
Jan
9%
75c
19 V4
3%
51'A 51%
__
—10
—.2%
Ball & Bearing common
Hoskins Mfg common.—^:
2
48%
4%
—1
common—
Parke,
Procter & Gamble
Dec
589
Dec
13% May
32% Mar
■
38 V*
Dec
10
30
30%
13%
*
Kroger
■
90
5%
11
30
30
30%
—
Leonard
30
*
—
preferred———
Hilton-Davis
Kahn
10%
^—10
„
partic
37
20
—
Generaji Motors common—
10
Goebel Brewing common———1
Kingston
.—-1
Insulation
Gibson Art
5%
—
—
Eagle-Picher
50
7% May
July
2,165
4%
4%
19
3
Industries common—
'
Dayton & Michigan guaranteed———*
15%
4%
3%
High
4% Jan
37
Dec
Nov
9
-
100
4%
Detroit-Michigan Stove common—.—_1
6
Jan
125
72
Cincinnati Union Stock Yards.———16
7%
81%
909
18%
3JA
4%
Cleveland Nav common..10
Nov
103
1% Jan
..
A
6%
12%
4
Low
'
Dec
10
110
Sep
..
Range Since Jannary 1
Shaies
38%
3%
__
common———.10
common——-1
Crowley Milner common
*■
Consolidated Paper
Continental Motors
High
15%
4%
3%
—
Federal Mtr Truck common——*
30
100% 101%
Cincinnati Gas Sc Electric preferred.100
6
38%
12%
__
Range Since January 1
High
26%
26%
Low
Roller
Bower
Sales
Week's
Friday
/•
1
Bearing——....,—5
Burroughs Adding Machine..
*
Burry Biscuit common————12%c
Baldwin Rubber common—...
both inclusive, compiled from official sales lists
of Prices
/
Par
Sales
for Week
Range
Sale Price
STOCKS—
from official sales lists
Week's
Friday
Coca
20
Stocks-
Unlisted
American Radiator & St San
Anaconda
Standard
40
a6%
*
common—
Republic Steel
U
General
York
__
a 39%
a6%
*
common..—...
a 39%
a507/a a51%
Rayon
Iron
71/4 May
Jan
6
6
6
•
common
a37% a37%
*
common
Apr
851/2: Jan '
50
2%
132
38
Jan
54
Nov
River Raisin Paper common
5
4
Mar
5
Dec
Scotten-Dillon
common
Sheller Manufacturing common
Standard Tube class B common
—*
—10
1
1
—
3
2%
11
.
—
—
3%
1%
3%
11A
3%
1%
Jun
Unlisted-
American Rolling Mill
I2V4
25
12%
240
10%
Jan
16% July
Timken-Detroit
Axle common
Tivoli Brewery common
General
Motors
Standard
Timken
740
44% Jan
see
page 2611.
:
30 y8
31%
121
25
Sep
31%
*
48%
48%
40
41%
Jan
49% July
2%
24% 25
2 ,o 2 /g
55% July
•
Bearing
For footnotes
5iy8,
.10
Brands
Roller
50%
10
1
51%
Dec
U.
Radiator common
Warner
Aircraft common
1
—
i
—
2%
1
2%
1'«
Jun
Monday, December 27, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
2608
other stock exchanges
of Prices
Saie Price
1
-2'
i
Chica Oil Corp
Bolsa
1,040
290
20%
24%
22
Dec
187
7%
Jan
12% Oct
9
100
5%
Jan
12
May
3%
700
48
Jan
50
6
405%
Feb
440
Aug
525
44%
Jan
6%
36%
200
12
12
153
37%
37%
—
■.
20
500
40
9
26%
269
34
Jan
50
Dec
57%
Jan
85
May
27%
100
20
9%
400
"
36c
35c
14
15%
1.00
40c
13% Nov
8
Jan
87 %c
Dec
13%
a
2,000
46
500
35
Jan
60
117
23%
Jan
31%
36%
34%
Jan
%
75
26%
Feb
30 y4
39%
810
34%
Jan
6%
6,666
9%'
9%
353
3
300
43%
43%
55
35 %
Jan
46 %
38
38%
40
32
Jan
42
a 25%
25%
20
17%
Jan
27
11%
470
7y8
Jan
13
1,150
2%
Jan
4
Jan
2%
2%.
2 %,
*
7%
Jan
3
30
6%
Jan
2.10
Nov
Unlisted
9
21%
Jan
43%
100
39%
Jan
44%
31%
523
29%
Nov
,
5%
8
8
Feb
16
Jan
Jan
Mining
1%
Jan
796
6%
Jan
ey8
19%
11
19 %
Mar
19
2,364
15%
Jan
8%
Jan
13
8%
211
6%
Jan
11%
36%
35
39 y2
Aug
L)
(D
Clark
389
131 %:, Feb
156% July
44%
50
32 y2
Jan
41 %
24%
459
24%
Dec
31%
5
205
3y8
Jan
130
a25% a25%
15
Inc
:
69
13%
Sep
15%
28%
29%
48
28 %
Aug
29%
50
35
Standard
&
Stone
29%
Feb
96
6%
Jan
39%
Dec
39%
4%
50
2
Jan
14% al4%
10
9%
Jan
Oil Co
Swift
&
Texas
Texas
25
(N J)
Corp
26%
i
115
22%
Jan
%
326
%
5
Sulphur Co—
...
Jan
11%
Nov
10
470
20%
50
4y2
Jan
429
29%
Feb
37
15%
15%
23
15 y8
Nov
16
5%
5%
15%
15%
36%
36%
Dec
Dec
17 %
31%
Jan
39
300
42
42%
43%
85
35 y2
Jan
43
43%
43
36 y4
Apr
100
Feb
1
2% May
1%
1%
27%
145
25%
Dec
36
12%
100
6%
Jan
30%
30%
295
29%
Dec
35
Jan
8%
195
sy2
125
36%
Feb
650
10%
Jan
20 %
260
8%
Dec
14
115
10%
Jan
18%
.18%
175
,
12
.Jan
2%
Jan
21
5
May
3%
3%
265
25%
25%
466
20%
21%
130
38 '/a
20
33% Aug
35%
Jun
19%
16%
a
16%
a9%
_•«.
9%
105
16%
17%
150
Jan
20%
Nov
Jan.
5
14% Jan
23%
16 %
Oct
Aug
25%
Oct
inclusive, compiled from official sales lists
••
^
Range Since January 1
Shares
High
Low
High
"4
74
18%
Jan
31%
Jun
37%
300
37%
Dec
37%
Dec
7%
30
6
13%
50
10
7%
150
4%
Jan
11% Jun
Jan
17% July
2
Jan
8%
456
Jan
Jan
8
Nov
5%
6 Va
76
14%
4
14%
1
Jun
14% Nov
Dec
4
1,510
1%
Jan
16%.
110
13%
Jan
8%
8%
834
8
Nov
9%
6%
6%
797
5%
Jan
8
July
Jan
95c
Mar
4
3%
1
-
—
16%
•"
:::io
—
25%
7%
'
m
10
50c
45c
50c
25c
1,217
18% July
Jun
5%
Dec
5%
Dec
1%
Feb
1%
Jan
93%
359
84%
Jan
98%
Oct
4%
88
4 %
Dec
6%
Apr
10%
10%
200
5%
Jan
2c
■
5%
11
4%
93%
1,000
1%
92%
5%
5%
1%
lioo
2c
500
lc
Jan
Jan
3% July
Nov
2%
2%
100
2%
6%
50
5%
10% Nov
3c
Oct
50c
50c
100
50c
Dec
9% May
1% July
21%
22%
326
15%
Jan
24% May
Established 1922
•
(
.
Missouri
300 North 4th St., St. Louis 2,
Members
Phone
New York Stock Exchange
CEntral 7600
St. Louis Stock Exchange
Chicago Stock Exch.
'
Postal Long Distance
Chicago Board of Trade
Bell Teletype
Associate Member Chicago Mercantile Exchange
8L593
New York Curb Exchange Associate
St. Louis Stock
Exchange
Dec, 18 to Dec* 24 both inclusive, compiled
from official sales
Friday
Range
a
89%
41
59%
Jan
87 %
12%
12%
120
10 y4
Jan
15
16%
common—....1
Dec
July
1 ~
5
Falstaff Brewing common..
1,
Hussmann-Ligonier common
*
Hydraulic Pressed Brick preferred—100
Columbia
Brewing
common
21%
100
Jan
29%
Apr
53
29% Nov
29%
Nov
32%
■
-54%
40
28%
Feb
36% July
International Shoe
155
47%
Jan
60
Johansen Shoe common.
55%
Sep
9% July".
a8%
8ya
50
7%
Feb
13
13%
714
5%
Jan
13%
a27%
-27%
a48%
■
13 %
July
Dec;
Low
Par
Investors
...
;
23%
V
12%
1
.
1%
Laclede-Christy Clay Products com—.5
,
Range Since January 1
Low
High
7%
Jan
6%
23%
23%
11%
12
6%
6%
1%
5% i
106
5%
Apr
20
15%
Jan
24% Nov
11%
12%
6%
6%
6
30
7%
Jan
11%
Dec
13
Nov
35%
1%
150
7%
Jan
100
5%
Oct
7% July
7%
Oct
30
3%
Jan
393
„u.
28%
Jan
38% July
1 % May
2% Aug
45
50
5%;
15% 115%
f'
—20
Laclede Steel common
Shares
High
35
*
common.—
for Week
of Prices
Sale Price
STOCKS—
30%
21%'
a32%
Aug
lists
Sales
Week's
Last
•
Burkart Manufacturing common
,
355
,,
5
15%
Jan
Dec
7%
18
Apr
Mar
■
a
34%
102
24 y4
Feb
26% Aug
49
41
42 y2
Jan
50 % Aug
34%
85
9% Jan
15% July
National Bearing
84%
National Candy
10
a42%
42%
50
33
Mar
45
•
a50%
51%
150
48
Jan
59
5
al2%
12%
50
43%
45
a43
Oct
Apr
2nd
45
95%
55
6%
6%
270
a35%
35%
125
a95%
81%
7%
Jan
35% Aug
82
Jan
..
2% Jan
35%
Dec
common..——
s
Portland Cement common..25
29
Sep
2% May
Sep
July
15% July
48% Oct
82
Jan
8%
Jun
40%
Jut,
preferred
Rice-Stix
St
Louis
Metals common
common
...
Dry Goods common
Car
*
•
—100
*
10
common
St. Louis Public Service common A
Sterling
Wagner
Aluminum common
Electric common
1
1
15
42'
42
13%
33%
4
13
|13%.
15
McQuay-Norrls
Missouri
Jan
for Week
25
.
common.—.
20 %
Jan
page 2611.
Sales
Range
6%
American
U
see
*
Week's
of Prices
Low
..."
12% May
18%
For footnotes
Feb
20 %
31% Apr
88
a89%
6%
Jun
2%
Jun
12%
100
July
10
24
10
10
1%
Jan
13%
Nov
12%
a
50
s3
17%
251
Springs
July
240
—...1
■
5,557
18% July
1
(F W)
2% May
362
2%
—....——
Apr
8%
17%
24%
Woolworth Company
Jan
9
490"
1%
34%
37%
common.
Apr
8%
1
Westinghouse Elec & Mfg Co
Willys-Overland Motors Inc
2% Aug
48 Va July
16
16%
.
a253/s
100
1% July
Jan
Jun
6%
43%
16
a 24%
Co
Feb
Apr
6%
__
United
Western Union Telegraph
% Feb
114
1,406
f
Edward D. Jones & Co.
Mar
43%
67/8
94%
;
1%
St. Louis Listed and Unlisted Securities
16% May
a92 y4
;
63% Mar
„
7%
Apr
12%
77
United States Steel Corp
Jan
,
15%
*.
Corp...
Glass
States
United
Nov
a26%
__
80
Warner Bros Pictures Inc
fir
125
%
23
.
39% July
■
a79%
U S Rubber Co
30'/a Mar
Jan
2%
Westinghouse Air Brake—
Oct
a43
a43%
;<•
Jan
48%
•
15 %
m
July
5%
50
a5%
9%
15
50
Union Carbide & Carbon Corp
»
Union Pacific Railroad Company...100
(Del)..
Jan
22%
1
23
2%
Sale Price
Oct-
a
400
Corp
26%
266
-20
——
——:
July.
Air Lines Transport———5
60
26%
-10
—,
—.—
7 % May
13%
United
31%
57%
%
Candy—
Apr
4%
13%
Jun
22% May
33% July
%
common...^—
Steel
Oct
31%
13%
—10
Tide Water Associated Oil Co
26%
NOV
1 % May
4%
-J*
Jan
14%
Dec
11%
a54%
13%
30
Jun
a31%
—25
—25
Company
Corp (The).
Gulf
24%
*
...
255
15%
%
Mining.————:—.
15 % July
%
'
24%
11% May
39%
215
24%
•
26% Aug
34% July
'
Shamrock Oil & Gas common——
July
7%
a
...
Apr
30% May
Sep
Dec
a
a30%
Webster Inc...
Studebaker
Mfg
Standard
Sep
*
(Indiana)—25
Ruud
38% July
a7%
Inc..—
Company
Nov
15%
a
—*
*
15
23%
232
1%
...
—1.—.
Coal
Fireproofing
San Toy
Apr
;—
•
i
Dec
1,044
24%
1
Pittsburgh Screw & Bolt Corp
Dec
a38y8
Southern Ry Co
Oil
20
a35ya a35y8
25
Republic Steel Corp
Sears, Roebuck & Co
Socony-Vacuum Oil Co.
Brands
Feb
55% Nov
...
Standard
Nov
12%
13%
;
Pure Oil Co
Standard
3 %
338
33%
:•
Co—
.
2,225
20
10
„
Corp of America
6%
3%
11 %
Pennsylvania Railroad Co. —.50
22%
33
31%
—
—5
Jun
80
—
.———*
Aviation, Inc.
1__
Co
—•
al7%
—•
Apr
26
.50
Pittsburgh Oil & Gas
Pittsburgh Plate Glass——_— -25
July
155
__
——7
Inc——*
Dodge Corporation
Incorporated
27.
33%
—
Pullman
64 %
Feb
39%
Libby, McNeill & Libby,——
Car
Jan
21%
567/s
International Tel & Tel.————"
Kennecott Copper Corp..—._
—•
Motor
48
a55%
a
Montgomery Ward & Co
New York Central RR
16%
33%
Gas
Star
National
Jan
a4%
*
General Foods Corp
—*
Goodrich <B F) Co
——•
Graham-Paige Motors Corp
1
International Nickel Co of Canada..—•
4,136
July
a33%
al4%
Apr
22% ''
57%
'
.50
—
Pittsburgh Coal Co common
Nov
20
—
Co..
6
Jun
3%
a35%
Sep
32 Vb
15%
Duquesne Brewing
—_i
Fort Pitt Brewing-.—.—*
Harbison Walker Refractories.—.
43% July
__
5
Corp..
5%
Jan
23%
24%
.25
common..
—25
-i—:*■
Co—
(A M)
Byers
Oct
24%
l;
Jun
Jan
24%
.50
WT—
distribution
Blaw-Knox
Dec
a54 ' 54%
—
Radio
7
25c
5
25
Case J I Co
—100
Columbia Gas & Electric Corp—
_*
Commercial Solvents Corp..—
—-*
Commonwealth Edison Co.——
25
Commonwealth & Southern Corp.—_*
Consol Vultee Aircraft Corp—1
Continental Motors Corp...———1
Continental Oil Co (Del)
—5
Crown Zellerbach Corp.,
——..-.5
Curtiss-Wright Corp _.——,
—-1
Phelps
25c
Jan
Dec
3%
25
100
155% 155 %
15
——:——
Co
Packard
6
25c
a44%
1314
7%
Jan
3%
275
.
32%
.
Par
July
8%
__
—5
Apr
2%
21%
24%
——
Mountain Fuel Supply————
...—
2
8% Mar
23%
21%
Allegheny Ludlum Steel—..—.....
Armstrong Cork —;—.—
22% Julv
400
36%
__
Dec
Jan
1,428
4%
25%
Last
Lone
—
1%
3%
1,082
4%
25%
Friday
10
11%
a6
,
Jan
30
147
6%
6%
STOCKS—
.
Company
4%
Sep
Pittsburgh Slock Exchange
Sep
18%
.
25c
Co——10
10c
Canadian Pacific Ry
Ohio Oil Co
1%
4
.1—5
Boeing Airplane Co
American
1%
3%
25%
———
common—
Sep
11%
—
American
8%
4
Dec. 18 to Dec. 21 both
May
24% July
al9y8
19
a25%
3%
North
8%
1%
-_1
——
——
Ex-stock
39% May
—
—25
Aviation Corp
—3
Baldwin Locomotive Works vtc——13
Bendix Aviation Corp..
——5
Bethlehem Steel Corp
_—
*
North
604
30% May
28 %
40
!
28%
670
37
32
787
24%
a5%
Std Sani Corp
Electric
8%
56% July
9% May
Sep
332
29%
23%
8%
a36%
155%
General
Jan
32% Aug
29%
•
—"
American Tel & Tel Co_.
—100
American Viscose Corp
——14
Anaconda Copper Mining Co
50
Armour & Company (III.)—
-5
Atchison, Topeka & Santa Fe Ry—10G
Borden
44
'
—
Westmoreland
Stocks—
Borg-Warner
410
———
25% July
1
Refining
51%
—
—•
—
Sep
1,555
36%
Smelting & Refining Co
Atlantic
43
51
—-—
4% July
8%
.——23%
Mining
Amer Rad &
Amer
7% May
45% Sep
Jan
Jun
22%
California——•
Gold Mining
Co
Juneau
Cons
Jan
33%
—10
■
—
Westmoreland
Mining Stocks—
Prince
Jan
16%
112
—50
Columbia Gas & Electric
Alaska
1%
208
July
31%
__
2,494
39%
5% Mar
43 Va
.
6%
42%
39%
11% July
22%
:
5%
41%
preferred
United Gas Improvement—
Jun
a8ya
2
Transcontinental & Western. Air Inc—5
Union Oil of California..
-25
Universal Consolidated Oil Co—.10
*
Battery
July
3
,
5
_•
——•
—
Jun
11%
614
—•
•'—1
July
$3
44% July
5%
15
—'•
85 Vb
preferred
preferred
United Corp
May
39%
a43%
Jan
t
Feb
8c
Jan
30%
10
67%
Preferred
Aug
Oct
34%
70
Transit Invest Corp
Dec
a29 % a29
a29 %
81%
81%
Valley Coal——
Tonopah
1.80 May
4,960
6c
31%
Apr
80%
—
f
Sep
1.10
a31
,*
Co.—
Motors———
Sun Oil
24% Mar
6c
5c
May
10 %
Feb
46
*•
2nd
Jun
Jan
1st
.
July
11%
10
Nov
Reading Co common———_——
Dec
10% July
46c
Jan
27c
136
27%
Jan
Jan
6%
413
11%
.Apr,
4%
14c
101,000
11%
15%
11%
1.10
Stores Co Ltd
...—"
Southern Calif Edison Co Ltd
—25
Original preferred
:
'i.
25
6% preferred class B._——..—25
5 % % preferred C
25
Corp
July
300
350
9
—1
—*
—30
Oil Corp
41
50
27%
.
Sontag Chain
Pacific Co
Oil Co of
Jan
Dec
80
Jan
6%
.50
Pennsylvania RR
*
—*—
Philadelphia Electric Co commonSi
preference common—
—.
Philadelphia Electric Power 8% pfd. .25
-3
Philco Corporation ——.—
Mar
50
25
Corporation.,
Aircraft Co—.—.,
36%
14
75
25
——
Apr
Jan
33%
July
3
100
Pennroad Corp
7% July
Jan
5
120
/
35
250
National Power & Light————
55% July
17% Mar
6 Va
Lehigh Valley RR
May
440
51V4
Dec
7%
Lehigh Coal & Navigation—:
^ehigh
33
Oct
Sep
20%
Jan
6%
Electric Storage
Sep
66% July
11%
6%
-25
——
Corp common—
Transamenca
Jan
7%
48%
33
11%
7%
preferred
General
20%
16
158%
127%<. Jan
466
373
100
19%
preferred—50
Chrysler Corp
—:
Pub Co common—
Prior
155 %
High
■
11% Mar
250
Manufacturing common.."
Securities Corp
(E G)
Curtis
8
11%
1
-1
Oil
Sunray
22%
36%
1
Union Oil Corp—————
Standard
Aug
51%
*
Petroleum Co common——1
Southern
Jan
19 %
500
Co.
Safeway Stores Inc.—-—-
Solar
6%
1,140
47%
Lighting Corp common
Sinclair
1,200
32c
Electric common
Sep
Low
15%
154 Va 155%
13
Rainge Since January 1
Shares
High
15%
100
Tel
&
Tel
Budd, Wheel
10% May
21
32c
Ryan Aeronautical
Shell
Jan
53 %
9%
1
1st preferred—
Co
Oct
Co..———10c
!{5r/e> 1st preferred...
Security
Sep
850
Corp Ltd————
Oceanic Oil Co—,
—
Richfield Oil
81
9%
Nordon
Republic
Jan
Jan
Nov
68%
Budd
Jun
10%
40
Angeles Investment Co.—-——10
Menasco Mfg Co.——
—-1
Pacific
5
185
28 Va
a440
Los
Gas &
19
90
690
9y8
Lockheed Aircraft Corp—
6%
24% May
,
——:——,
Petroleum
Pacific
Jan
23% Mar
9
Development Co
———1
Oil Corporation————""
Co
—
*
Intercoast Petroleum Corp..
—10c
Co
16 y8
50
5%
Hudson Motor Car
Lane-Wells
50
Bankers
Jan
80%
Holly
American
Low
—*
—
Baldwin Locomotive Works v t c
Jun
14%
20
Honolulu
Lincoln
2.05
Jan
46%
9
-
American Stores
Jan
2
Jan
Jan
7%
75c
7%
A—
common
1.35
225
1.40
5%
a48%
*
Co———*
& Co& Rubber
Co
1.75
24%
----
Oil
Oct
46 y2
*
'
Tire
Goodyear
50c
14%
Corp
Gladding, McBean
Hancock
Jan
a80%
4
Emsco Derrick & Equipment Co—
5
Exeter Oil Co Ltd class A.—.
1
Farmers & Merchants Nat'l Bank. ,100
General Motors Corp common._-._-10
General Paint Corp common—---—"
Preferred
10c
9%
Inc..—
Douglas Aircraft Co
200
5 Via
*
-*
1
America.:
of
Creameries
30c
20%
a20%
Par
Jan
1.75
a24%
_—
Electrical Products
15
30c
—5
Corp
Consolidated Steel Corp——.
Chrysler
Preferred-
Jan
1.30
—100
——1
Aircraft Co
Cessna
Jan
7
14%
*
Byron Jackson Co—
California Packing Corp common
Central Investment Corp
3%
100
30c
Inc common-,.*
Broadway Dept.-Store
200
Sales
for Week
Range
of Prices
Sale Frice
STOCKS—
Oct
4%
11%
.
Consolidated
Corporation——
Blue Diamond
5%
4%
11%
Barker Bros Corp common
Week's
Lust
Range Since January 1
Low
High
Shares
High
Low
1
Petroleum Company
Barnhart-Morrow
Friday
for Week
Range
Par
21 both inclusive, compiled from official sales lists
Sales
Week's
Last
STOCKS—
Dec. 18 to Dec.
compiled from official sales lists
both inclusive,
Friday
Bandini
Philadelphia Stock Exchange
Angeles Stock Exchange
Los
Dec. 18 to Dec. 24
il5
33%
112
10%
10
5%
9%
8%
30
34
112
Jan
12 %
Jan
16 % Aug
11
Jan
16%
372
14%
Jan
40
Sep
Jan
112
Dec
10
36
735
5%
15
2%
Feb
9%
10
8%
Jan
6%
Jan
25-year conv
inc
1st mtge 5s__1959
—1964
Jan
8%
70
30 %
310
24% Jan
$1,000
90% Feb
BONDS—
St Louis Public Serv
103
6%
10%
98
63
45% July
38
200
200
„
-
400
53
Jan
10%
6
Jun
Dec
Jun
11% Jun
12
July
34
99 %
71
Oct
Sep
May
Volume' 158
Montreal Curb Market
Montreal Stock Exchange
Canadian
260£
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4241
Canadian
Funds
Funds
Dec. 18 to Dec. 24 both inclusive, compiled from official sales lists
both inclusive, compiled from
Dec. 18 to Dec. 24
.
Last
Aluminium
Asbestos
93
260
92
Dec
21
21%
490
21
Dec
21
21
21%
245
15
Jan
22%
Dec
13%,
290
12
Nov
15%
Feb
87
141
Jan
158%
Sep
13%
Cement
14%
Jan
28%
59
23
Dec
29
100
23
23%
23%
2%
3
2
Jan
'
15%
15%
285
16
16%
500
7
Canada
Northern
7
11%
Canada
41
Breweries
Preferred
10
27
855
Low
High
Jan
4% July
5%
Jan
32% July
75v
12%
Feb
62
Sep
75
22
Dec
23 %
Oct
Jan
11% July
8
Feb
120
•
5%
5%
52
22
22
9%
9%
13
4%
4%
25
Ltd
Corp
of
_*
Ltd
Distillers
American
Columbia
Oil
41
41
34
33
Canada
&
Dominion
pfd
■
.
Industries
8%
Dec
.5%
5 '/c
14% May
38
Investments
cumulative
Feb
17%
Jan
100
17 % Mar
class
Ltd
Pow
8% Nov
22 % July
26
Paper
1.45
Jan
6%
Oct
Claude
Jan
42%
Nov
Commercial
Feb
34
Feb
Consolidated
July
665
17% Mar,
22% Aug
43%
35
36%
Jan
44
15
Dec
19
Jun
Apr
10
% Aug
Jan
169
Mar
15
25
10%
20
156
156
17
Ltd
Sec
Div
50
30c
Jan
65c
55c
15
53c
Sep
55c
1
1.75
100
85c
Jan
Ltd com.*
65c
65c
100
50c
Jan
50c
25
24
25
305
24
Dec
27%
Oct
Cub
;*
36
36
115
27
Jan
39%
Sep
Dominion
Engineering
500
133
Feb
Sep
Dominion
Oilcloth
Dec
Dominion
Woollens
Aircraft
15c
125
10 %c 10 %c
4%
*
10%
Jun
77
Apr
Apr
15c.
3%
15c
Feb
45c
12c
8c
Feb
3
Jan
60c.
36
10.400
5'A
Jan
2% May
86
v
Jun
Jan
2
110
15c
2%
Oct
1.15
7c
35
15c
Sep
3% May
25%
150
15c
*
Ltd
Nov
July
Jun
May
Sep
6% July
1.00
1.00
10
Ltd.-—*
24
25
352
22% Mar
36'A
'Apr
Linoleum.——*
27%
29
305
24%
30
Aug
4%
4%
210
6%
7%
9,155
Ltd—.
Corp
6
38
2%
2%
common.— *
Corp
Paper
.
6
_*
...
50c
37
*
.—2.50
Consolidated
July
7%
148
Oct,
55c
"A"...—.
•
8%
1.75
Preferred
12
15
10 %
*
100
Inv
Nov
20%
preferred—
Alcohols
104%
20
B__—
General Advert
Neon
Feb
43%
Vickers, 7%. Cum. Pfd....100
27%
101
30
*
Company..—.
cumulative
Canadian
May
&
104
104
Ltd-...*.
preferred
Marconi
Canadian
July
Jan
Jan
5%
382
Canadian International Inv Trust Ltd.*
Sep
106%
7%
300
22
_*
Sugar Co
General
32
565
Aug
7%
.100
Canadian
52
475
34
4
21%
7%
♦
Sep
Nov
9
30%
9%
21%
Ltd
Ltd
Sep
12
•
21%
Vancouver—5
Co
Packers
18%
Apr
4%
*
Calgary Power Co Ltd 6%
50
5%
41
:
.
51%
Canada Malting Co Ltd.———.
Canadian Dredge & Dock Co Ltd
Jan
5%
550
31%
r*
common——
.Canadian Car & Foundry common
New
9%
31%
.
—*
common
—
Bronze
26%
26 >/.
65c
Sep
July
Jan
92
100
31%
•
—
—.
Preferred
7
7
50
Steamship common
preferred
Canadian
3,186
*
:
17
Feb
4%
1,050
7
Power————
Power
British
5% May
Mar
13
,
105% 105%
•
—,
j.————100
"A"
Brandram-Henderson
Canadian
Canadian
2%
...100
Pfd,
Bros Ltd
Canadian
*
——5
common—
Preferred
5%
High
2%
100
Brewers. &
1,317
22%
23%
———:—*
—
Building Products class ABulolo
Gold Dredging—
Canada
Range Since January 1
Low
*
—
British
22%
•
Beattv
Beauharnois
156
156
Traction Lt & Fwr——_*
B
preferred
Cum.
Paper common
Shares
25% July
Columbia Power Class A—
Class
&
6%
May
92%
of Canada——100
Co
Power
77o
133
common———*
Breweries
Bell Telephone
British
Abltibi
Sales
for Week
Range
of Prices
Par
High
21
—•
common
Bathurst Power & Paper class A——*
Brazilian
January 1
Low
High
*
Ltd
Corp
Associated
Range Since
Shares
of Prices
Low
Par
Last
Sale Price
STOCKS-
for Week
Range
Sale Price
STOCKS—
Week's
Friday
Sales
Week's
Friday
,
official sales lists
——*
1.30 July
'
Canadian
Celanese*
Preferred
7%
common
.
143% 143%
.100
—C—
Canadian Converters
34%
——100
36%
17%
2,400
150
36%
Jan
Donnacona
-
Canadian
Ind
Class
"B"—
;<
Canadian
Alcohol
5%
:,*•
common
——
—
25
5%
_*
22%
25
^25
Canadian Pacific Railway—
9%
10%
6
26
Jun
9,027
Feb
7%
12% May
.
»
11
11%
50
9%
Jan
13%
Consolidated Mining & Smelting—a
39
40
340
37%
Nov
46
j—,——
Glass
Consumers
Cork
Co__
*
28
28
Aircraft
Ford
Jun
Motor
28'A
30
1,050
29
July
Jan
33
Ltd—
of
26
125
Jan
37
108
lOli
10
,95
24
100
—
24
205
22
Nov
11%
Jan
■
Jan
29
29
10
—5.00
2%
2%
150
Jan
14
7% July
7'A Aug
Nov
35
May
21 % Mar
4%
Jun
1
29
29
_*
Ltd
3
3'/4
125
2%
Nov
6%
_.*
24
24
70
19%
Jan
24%
*
25c
25c
20
25c
*
.*
A
19
19
5
12%
Jan
20
18%
19%
558
12'A
Jan
20% July
...
Ltd
Companies,
2%
.
25
r
Mar
29
Dec
Jun
Oct
75c
Oct
July
Sep
22
37
.
Jan
3
3% Mar
pfd—100
cum
-
Canada
Voting
trust
Jan
41%
Oct
International
Paints
Sep
112
International
Utilities
Class
B
3%
4%
120
1.50
Jan
16%
16%
75
16%
Dec
19
22%
22%
22%
850
3%
Jan
22 %
Dec
30c
Jun
Corp——.*
Securities
Hydro-Electric
Distillers Seagrams commonPreferred
7%
Power Sec Corp Ltd—
Foreign
July
27% Mar
10
9
———————
Seal
&
Ltd
7 »/8
"
Fanny Farmer Candy Shops Inc
Fraser
Crown
Ltd
Fairchild Aircraft Limited—
Fleet
Cockshutt Plow
*
Nov
Jan
Common
Paper Co
Dairies
Eastern
6% Nov
Jan
Jan
12
371
Locomotive
3%
3%
400
5%
,
5%
*
&
Works
5%
preferred..20
Corp
*
A
4%
5%
30c
1,700
15c
Jan
75c
17
17
240
10
Jan
18%
18
1
—
Jun
Nov
18'A
338
15%
Jan
4%
Jan
"
—
————f
preferred—,—25
24
13%
13%
125
common———100
119
119
119
5
119
100
154
154
154
13
152
2b
7%
7%
8
310
Dominion Bridge
Dominion
Coal
Dominion
Glass
?
Preferred
———
—
Dominion Steel
& Coal B————
Lake
31% July
16'A Jun
Dec
126
Feb
159
Feb
Maple
Nov
7%
John
St
11
July
"A"
MacLaren
Aug'
&
Power
Power
&
Paper Co....—*
8
& Chemical common.—.*
Tar
100
8
6
Mar
72
NOV
.'/A
74
74
10
——*
7%
7%
135
Foundation Co of Canada——-—*
15%
15%
125
—.*
8
8
575
Dominion Textile common.
Dryden Paper
—
—
9% July
Nov
11'A July
Aviation
7%
6%
N
C
14'A
Oct
2%
Jan
10
Aug
25
15%
17
300
15 %
Dec
25
July
100
5
5
50
Jan
7%
Jun
Hamilton
4%
Jan
8
Jun
United
11%
11%
45
8.90
Jan
Aug
Walker-Gooderham
Sep
110,
Oct
12 %
Thrift
-.
•
Jan
150
98%
Jan
28%
215
27
Feb
32%
14%
14
14%
1,690
12
Jan
10%
10%
11
1,566
10% Mar
17% July
12% ' Jan
Corp com—*
21
21
25
13
Jan
22%
International Nickel of Canada com—•
29%
30
515
28
Nov
39 % Mar
common—'-15
15%
15%
.'8
11%
Feb
15%
Dec
———100
75%
75'A
110
63 %
Feb
75%
Dec
•
common—5
Imperial Oil Ltd——
Imperial Tobacco of Can
Industrial Acceptance
.
—,—*
Paper
Preferred
Aldermac Copper
Beaufor
Petroleum
Co Ltd——*
21
21%
385
17
Jan
24
110
111
60
98
Jan
111
Laura
Secord
Massey-Harrls
14
.—3
Candy——-
8%
—
McColl-Frontenac
Oil
18%
19%
Jan
26%
'
■
Nov
9%
Jan
14
5%
Jan
10
6%
Jan
495
'
19%
—.•
33%
34
.*
13%
13%
Niagara Wire Weaving.————*
Noranda Mines Ltd..—.—
—_*
14%
49
.1,545
'.".'•J ~",345
49%
23%
.
14%
—•
r
23%
National
Breweries
National
common
Car
Steel
Corp
new—
Ogilvie Flour Mills common
Power
Corp
5%
of
July
9% July
preferred
St.
Sep
15
Sep
18
Jun
15
..Feb
200
40
Jan
52
Aug
100
22
Oct
25%
Feb
6%
960
2,975
70
62
Jan
*
12%
12%
46
12
NOV
16
»
50
3
3%
530
1.75 Jan
4
14%
14%
760
11'A
Feb
47
47%
110
32%
Feb
47'A
65
Jan
21% Aug
16c
16c
10c
Jun
21c
Aui
2'Ac
Jan
7c
Jul;
Auj
14%
15
1,196'
Oct
19%
Canada
of
Co.
Mines
common
15
18%
15
*
9'%
9%
common——
Preferred
Tooke
Brothers
new
common..—
*
63
25
,
68
*
15
■
,
50
10
175
IIIZIoo
——
10
63%
68
10
130
10
184
6%
Winnipeg Electric common.
Preferred
Mines Ltd—.
Gold
Addison
68c
2%c
3c
6,000
2c
Apr
6c
Jai
5c
2,000
4c
Dec
8c
Jul;
Gold
Pandora
Siscoe
...
175
19%
Sej
Feb
1.21
300
80c
Jan
3c
1,700
8.65
--
1
8.65
50
Gold
'■
"...
Mines
Sladen-Malartic
5e
Ltd—-—.
3,200
500
■
900
Aug
6c
Aug
Jan
10%
Sep
79c
Jan
1.61
47%
Jan
4.90
63 Vac May
58
1.45
Dec
Jan
6%c
Nov
2.15 Mar
3.50
3c
3,300
38c
Jan
65c
26,000
36c
Jan
68c
1.58
1.70
14,320
68c
Jan
3.40
1,800
62c
1.65
1
.
■
Dec
Dec
68C
55c
52C
—
6 7'Ac
1
Sullivan Cons Mines Ltd——..
5c
3.50
1.60
2%c Feb
3.35
.1.00
Ltd.
50
1.40
1.30
3.45
■—
—1
2,600
58
58
'
Mines Ltd. _..i
Dredging Ltd—"—.
Mines
1.61
1.57
Mines Ltd..——. —1
Cadallic
Gold
29
1.21
2%c
<4
II21
Red
1.80
Dec
Nov
Dec
Nov
OilsHome
Oil
6
Jan
9%
Jan
*
Ltd—...—
Co
2.66 Jan
4.00 July
14
'
13% Mar
10% July
19% July
Dec
Jun
.
Toronto Stock
July
9%
Dec
both inclusive, compiled from
6%
310
61
61%
350
59%
66%
9
2%
21
Jan
Jan
Nov
72
Last
Sale Price
Jun
76
10
Apr
;Apr
Dec
Jan
8'A July
Jan
63% July
,...
6%
Acme
preferred
Gas
Ltd
Co.
Co.—"..i-'J———...
—1 ?
*
•
common
of
Canada
*132
132
15
Montreal
100
157
157
11
129
Jan
144
Aug
Jan
160
—_——
Ltd
——*
*
——1
Mines.
;
:.
Gold
—
Astoria Quebec
-1
Aunor
147
pia..iu0
0V0
Porcupine Gold Mines
Gold
Armistice
100
Gold
Mines
Mines Ltd
——1
100
page 2611.
134 134%
64
132
Jan
150
—
.
—
—
99%
—
6.40
—
.13%c
—
1'0'Ac
—
4
Range
of Prices
Low High
2%
2%
26 27'A
7%c 7%c
HO
110
1.08
16%o
92
99
60c
6.00
54c
13c
Mines
Bankfield Consolidated
1
Aug
Mines..
—
1
13 %c
official sales lists
Sales
for Week
Shares
Range Since Jannary 1
Low
1,250
685
1,500
10
1.10
1,275
18c
93%
9y%
60c
3,600
6.40
800
70c
Jan
5
Jan
6c
Jan
110
13 %c
Dec
Jan
High
4% July
33
14c
110
July
Feb
Dec
1.60
July
21c
Aug
9c
Jan
398
91%
Dec
133'A Mar
215
99
Dec
102%
Feb
47c
Jan
84'Ac
Jun
3,700
3.00
Jan
7.10
Oct
55c
1,500
20c
Feo
68c
July
14c
21,750
12c
Dec
33c
July
35c
43c
1,500
July
60c
9%cl0%«
33,100
2%c
Jan
14c
Sep
3.25
3,950
1.35
Jan
3.50
Sep
ll%c 13%c
10.175
8%c
Jan
4c
May
43c
3.15
Mar
Bagamac
Royal
...
Shoe preferred.—100
Ajax Oil & Gas Co.
Aldermac
Copper
Aluminium
_.
,
ii1-'—100
—
Oil
&
Par
Paper common'——*
&
Power
Agnew-Surpass
Arjon
BanksCommerce
Week's
Friday
16% July
11%
Exchange
Funds
Canadian
Dec. 18 to Dec. 24
Aquarius
Mar
5c
Lake Gold Mines..—. ...i
Mclntyre-Porcupine Mines Ltd—_. —.5
Madsen
Anglo-Huronian
see
62c
40c
29
Anglo Canadian Oil—
footnotes
Jan
800
Ltd.........
Ltd.——.,
Mines
Joliet-Quebec
Kerr
Mines
Gold
Aluminum
For
12c
68c
3c
Ltd—
Jun
*
Power..
Canada
500
63c
.
Eldorado
Abitlbi
Steel
Dec
36'Ac 36%c
STOCKS—
Southern
100
1,500
Ltd——...
Mines
Dome
Dec
6
19 %
.100
Shawinigan Water & Power
Can
Jan
19'A
18% July
Paper preferred
of
47%
5
93'A
—
—
Sherwin-Williams
36
Nov
19%
Corp common—.
A preferred
i
;
Lawrence
Jan
12%
10
:v
210
21
Ltd—.
Gold
Cadillac
Pato Cons Gold
26
93%
_•
Lawrence
Class
Jun
93
_■_*■
common—
...
Quebec Power
St
27%
...100
Canada.—,
Co Ltd
&
Bros
Price
410
■%:
Oct
18
63%
21
Corp Ltd—
Mines
Gold
O'Brien
Heat & Power Cons—•
Mont Light
62%
21
-.
Jun
290
8%,
8%
;
20
I4
8
..——.—.—
19
35
,
61
Century Mining Corp Ltd————
Dec
22%
8% Mar
*
Canadian Malartic Gold Mines Ltd..
July
Power preferred.——100
22
Dec
common.*
—
Bidgood Kirk Gold Mines Ltd—.—.
Oct
International
22%
5
Mines—
Oct
International
Lake of the Woods common
& Worts
Pfd.—„
Cum.
Central
International
Limited.—
Oct
107...
107
28
100
—;—...——
Bay Mining—
1stpreferred—.——
Securities
16% July
107
Preferred
Hudson
Ltd
Stores
6%%
SI
12
July
July
100
5
600
97
5
20
13%
Jan
5
530
13'
87
May
common—..—.—*
5%
13
Sep
7
45
6%
common——*
57
Dec
106
5 %
Paper
93
93
3
Dec
6%
Smith
50
Jan
Gypsum, Lime & Alabastine—1——
Howard
3 '/a
Nov
38
Jan
■
3
7'A
49%
5%
102
Jan
——•
—5
——-„_*
Dec
Feb
45 % Mar
25
8
.—
255
Apr
July
105%
11
94
—
1,503
47%
Jan
38
185
Bridge
7'A
47
98
Jun
16'A
22
104
545
Hollinger Gold Mines—:
7%
*
Jan
Jan
38
12
12
—100
,
Pfd—1Q
9'A
11
14%
104
109
*
common
pfd.100
part
11%
Wares
29
Limited
Ltd
108%
Steel
Preferred
105 105%
cum
Canada Pow 6%
Southern
General
6%
Sep
July
Can 6% cum 1st pfd.100
2nd preferred——..50
cum pfd.100
Power Corp of
Gatineau Power common—.—.
250
Corporation Ltd-
Noorduyn
14
10
19%
•
20
16% July
Jan
Distilleries
Melchers
Moore
8% July
14%
pfd——.100
5%
Oil
McColl-Frontenac
Mar
81
Feb
5%
6%
19%
common
—;
Massey-Harris Co Ltd
Dominion
143
6%
*
14%
Co Ltd
Leaf Milling
preferred
Paper
13 %c
14c
8,066
Oct
19 %c July
19 %c
Nov
Last
of Prices
Dale Price
Bank
of
Bank
of
Nova
100
*-100
Montreal——
Mining
Metals
—1
Top Brewing
156
85c
37c
27,700
9%c
60
6%
Jan
8c
Jan
12c
Mar
Jan
24c
Aug
26%
20
23%
Jan
26%
Dec
23%
1,555
14%
Jan
28%
Jun
Jack
22
940
17%
Jan
22%
Jun
Jacola
21%
22
155
17%
Apr
27%
Oct
Jason
46c
6%c
7c
5,700
T
——
1.uu
July
10%c
Dec
Lake
Aug
Sep
Lamaque
22c
7
131
4%
36%
Feb
31%
32
365.
64
10
31%
—
Nov
38
May
Jan
68
Oct
Maple
5%
Jan
42%
Nov
Jan
Jan
14
740
7%
Dec
11% July
McLellan
260
24%
Dec
27% Aug
July
36
275
27%
Jan
39
Oct
15
135
14%
Dec
19
July
46
53
120
22
Jan
44
Dec
.50
212
212
5
3%
250
5%
5%
21
24%
320
63c
70c
12,600
10%
10%
1.55
1.05
1.60
1.68
100
—
2,540
—
9c
5,200
181/4 c
500
8 %C
9c
181/4
c
1,055
,
Nov
McKenzie
Monarch
Jun
Moneta
Dec
Conduits
Mines
Dec
1.58
Jan
1.35 July
1.75
Sep
14c
Aug
47c
May.
Corp
1.07
Nov
Feb
24 %
Oct
18
Apr
22%
Oct
; 3.40
3,685
Jan
4.00
July
5,614
65c
Jan
2.14
July
21,200
75c
Jan
2.09
Oct
155
9%
Jan
13%
Jun
13 %c
Nov
19c
Dec
Norgold Mines
500
16c
Mar
26c;
Oct
Normetal
4%
4%
50
.——5
1.25
1.25
100
3%c
3%C
17 %c
18c
6
6
1.74
Sep
Jan
15%
Oct
Smelting,—,5
Consumers Gas (Toronto)
-100
Cosmos Imperial Mills—!——
*
Crow's Nest Pass Coal
———100
Nov
131%
132
56
123
Jan
North
58
Mining
&
5,500
1 %c May
5c
Aug
2,100
*
11c
Jan
25c
Nov
4
Feb
200
/.
3,500
1.22
Jan
2.29
Dec
Dec
14 %C
15c
1,500
10c
Jan
24c
July
37
39%
850
25%
Jan
41 %
Oct
Preferred
Dec
Mar
80
Apr
10
3
20
65
39c
42c
7,270
28c
Jan
18%
18"%
100
18
Oct
27
Jun
46 %
47%
560
44%
Jan
49%
Oct
1.75
39c
46%
1.75
1,100
;
25c
108% 108%
300
99% Mar
29
640
18%
Jan
70
Jan
Dominion
Dominion
Bank
■
.
Scottish
Dominion
Steel
Dominion
Tar &
East
190
7
Nov
11% July
2%
Jan
9c
2,100
4c
31,850
4%c
1.69
13,850
1.09
Feb
8%
8%
50
3%
Jan
1.17
1.22
1.23
11,400
20
6
6
3.30
3.35
2,085
28%
29-
770
51%
51%
55
3%
,100
Insurance,—
Jan
9% July
9%
925
65
25%
Jan
29
90
12
Jan
22
Oct
15%
Oct
67c
Sep
17
14
1,005
11% Nov
55c
1,500
35c
1.64
1.75
2,289
49
49%
1,125
1,800
13%
55c
——1
5
.
49
_*
Feb
1.05
Oil
1.95
Apr
52% Aug
Jan
8%c Feb
2%c Jan
4%c Aug
4%c
4'/4C
1,200
81c
83c
2,600
74c
May
20c
Apr
Ltd—
1.16
58c
63c
1,220
1.10
Oct
1.65
1.65
200
1.25
Oct
,
1
2.00
Jun
1.00
Apr
v
2,00
Sep
»
1.20
1.25
1,202
5
Mining
—
3%
2,758
75
77
95
4%c
4%c
2,500
Gold
Gatineau
23%
—
Lake
Gillies
God's Lake
Gold
Porcupine
4%
4%
V 150
1.29
1.42
26,650
32 %C 44 %C
33,595
8%c
Jan
26
104%
Feb
2%
Apr
Mines Ltd
•
184/20
Pacalta Oils
Pacific
Partanen
100
15,200
45
Gold
Gold
Pickle-Crow
Gold
Pioneer
2%c
Preston
East
Proprietary
19%
:
May
Dome
Dec
Russell
Dec
Oct
24 %
Dec
Sep
St Lawrence
Class
St.
7%
Nov
8%
38
77
Jan
200
8
Feb
3c
5c
5,000
17 %c 18 %C
4,300
12 %c
Jan
Lawrence
San Antonio
Paper
Jan
9c
Preferred
Sep
19c
Dairies
Apr
2c
July
3c
Jan
88
90
30
62
Jan
95
July
South
—50
55%
55%
45
51 %
Jan
58
July
Springer Sturgeon
Lakes Paper common v t c——*
Preferred vtc
_*
5
5%
360
Tire & Rubber common—*
90
Great
Common
Preferred
—*
—
—
,
Gold
Mines
19%
19%
(
19%
6%
6%
2%c
1,000
1
15c
15c
700
——•
6%
6%
,
1
•
120
1
8%c
10c
6,960
1
2%c
3c
5,500
3.60
3.60
150
5%
5%
905
Hard
Rock Gold
Harker
Gold
Hasaga
Hinde &
—„1
Bridge Co Ltd
.*
Mines,,
—
footnotes
see
1.08
9,810
1
4 %c
4%<?
6,000
40c
41c
1,500
page
1.05
*
Paper Co
Hollinger Consolidated Gold Mines
For
1.00
I
Mines
Dauch
5%
1
Mines
2611.
6% July
July
July
23
3%
2
Jan
Oct
July
7
Jan"
%c
7
23
ll%c
5
Jan
Jan
Dec
7%c Mar
24C
7%
Aug
Jun
15%
15%
85
5
11%
11%
620
3c
Apr
2%c Nov
2.50
4%
40c
2c
17c
14
8.J>0
Jan
Jan
Mar
Apr
Jun
Mar
Jan
Mines
Malartic
Standard
Standard
Standard
Chemical
Steel
of
Co
Canada
Preferred
Sud
Contact
24c
Nov
Sylvanite Gold
7%c
Jun
Tamblyn
Ltd
8
1.15
6c Aug
44c
Dec
16% July
12%
Sep
Toronto
Elevators
.!
15
5,225
12,000
15
405
74c
10.171
70c
72c
54c
75c
o
Jun
Dec
106
Dec
39c
Mar
64c"
Nov
Jan
69c
Dec
3%c
Jan
8c
54c
Nov
77C
Dec
10
Jan
19%
Aug
8,000
14,070
100
200
25
64
__j.
65
.
•"
Dec
22%
Dec
59%
Jan
Jan
73
Apr
''••'/ 5
18,775
1.51
3 %C
500
2%c
Jan
1.79
31,607
65c
Jan
2.00
1,950
15
290
3.30
650
30
14c
89%
45c
...
.
1.38
10%
1.85
Jan
Jan
Jan
6
Mar
-7.
.100
Mar
30
250
15c
3,400
89%
8
52c
66-
50
7
109
.
76%
Jan
.
27,800:
July
5%
Jan
68
3.20
49 %c
Jan
4% Mar
2.30
7
*
1.10
3
Jun
17
68
,
Nov
Jan
Sep
29c
2%
1.95
15c
10%
86%
.90
.14%
89%
1.04 July
Jan
9
5Vi
109
1
67c
1.55
:
i
*
..1
100
Jun
3%C
°1.68
0
common
19%
25
22%
100
Towagmac Exploration^
Traders Finance preferred
Nov
13
2.08
2.15
1
Sep
Sep
Feb
22%
x.
Dec
4.00
62%c
Jan
3,380
19
63
46 %'
Apr
Mar
1.86
18c
120,620
,
;
4C
19
18% July
10
52
69c
Mar
Mar
25
69c
3% July
8
106
4C
6c
Jan
9%
22
57C
Jan
1%
36
105
5OV2C
Feb
2c
50
10
8%
230
65%c.
22 Aug
Jan
39
3.55
26% July
Nov
12
*
11
Transcontinental Resources
100
15
1
Mines.; Ltd—.:
Preferred
15
44c 48 %c
47c
•
Tip Top Tailors common
Nov
30
3.45
—.25
common:
Teck-Hughes Gold Mines
500
3
2%.
*£*-
Nov
250
3c
15
common—
Jun
.4.00
15
20
3
5
MinesJ
Dec
Aug
3c
*
Mines
Cons
9 %c
19
46%' 46 %
July
150%
—
3.50
25
Jun
19%
:
Steep Rock Iron Mines
9Vic Apr
3 %c
25
,410
__*
—....
77c
132% May
24,500
,
Dec *
Jan
May
Jan
21
70c
I
2c
22
20
1—
Radio
Brothers
Dec
20%
_j.
Paving common
Stedman
9.50
24
4c
...
Sep
Dec
135
8%
I
July
8.25
9%c
1
»
9
2.50
24
*
Mines.
Sep
1.15
Jan
7%c
Petroleum : Co.—
End
Sullivan
Halcrow Swayze Mines—
Hallnor Mines
Feb
16% May
115
Halliwell Gold Mines
Hamilton
3
25
120
2%c
.
14%
May
'
1
Ltd
Alabastine
Lime &
Gypsum
39
21
5%
*
Great West Saddlery common,—
GrulJ Wihksne Gold Mines
Gunnar
20%
5%
21
*
—
3
Gold
Siscoe
Sladen
Aug
5,500
100
1
10c
77,594
10
T__
July
Jan
134%
...
—
;
Nov
Nov
1.45
1.72
10
1
Mines
■
31c
77c
4%c
4c
common
—l
Preferred
15c
9.50
1.50
11
4
80
11,305
1,391
;'—*
l—
...
Simpsons Ltd "A".—"
4%c Aug
Jan
6
__
—1
Gold
Sherritt-Gordon
Silverwoods
1,050
15c
•
.
1
Shawinigan Water & Power..—
Sep
29 %c Mar
58c
1,700
95c
2.20
65c
76c
■
Mills, pfd......100
Gold Mines Ltd
July
14%
Jan
50
"A"
Aug
100
Jan
6
8.90
—
!—A
*
Corp common—..,
Apr
50c
145
Sep
Sep
Dec
106
..
—10
....
Senator Rouyn, Ltd
11% July
:
■
*
common—
52c
12,800
6%
6
'1'.
—JAA!.'■
Gold Mines.
9,650
1.42
90C
...
Industries
1.43
2.14
of Canada
St Anthony
Apr
1.33
r.
—1
.——100
Royalite Oil Co...
r..——*
Dec
2.85
1.36
2.20
Silk
Jun
Jan
106
•
1
Long Lac
Nov
2.10
6%
..L-.LLk.^
Mines
Gold
1.10
13 %
104
Mines
Queenston Gold Mines—
Royal Bank
39 %c
50
Aug
Jun
100%
525
Dec
39c
1.28 May
4,170
..1
Aug
1.41
4%c Aug
1.25
1.84
2,25
1.41
1.37
Feb
NOV
103
Mar
74c
12
Nov
9c
17 %c May
12
1.76
"'III
Roche
24%
Jan
Jan
21
2,600
13
2.20
—ill-
Co—
Mines.
Sep
7%c Aug
98c
13
——*
Metals
3%
Jan
21,300
—
.100
——1
—
Gold Mining
Premier
Pressed
Jun
77
Dec
30c
Apr
7
May
28c
Sep
1.25
Jan
2c
95c
'
—__
Power Corporation
51%
Dec
11%
15c
—
trust
4.80
Dec
3%
75
57c
1,000
1
B C
Gold.—;
Rouyn
Voting
Reno
2,500
Dec
64c
111
Jan
130
1.30
3 %c
99
Porto Rico Power preferred——
Powell
88%
99
1.29
3%c
—
Nov
•«
1.45
Mar
2%c Dec
68c
Dec
3,100
.1
Mines
Mines of
5,500
——
,15,500
1.30
1
...
5
3% May
blc
v
65
3c
73c
—
Ltd.—..
Mines
—1
Mines...—LL--.—.1
& Electrotypers—*
14,600
Preferred
6%
3c
70c
Engravers
Oct
30
Mar
51%
18c
Malartic
Gold
Photo
107
73c
Paymaster Cons Mines Ltd
Perron
if?
6%
—*;
Porcupine Mines
Pamour
3c
Goodyear
105
*
Refining—.—.
Page-Hersey Tubes
10
Jan
3.10
21
&
Oil
10c
.
44%c
3e
3c
Mining—
Gate
1
...
9c
Golden
_
i.38
,50
/
1
1
Gold Eagle Mines
«
Loan
„1
Goldale Mines
1
Mines——..—
1.64 Aug
32% Mar
86%
4%c
Sep
Dec
9
Jan
86
Mines,,1
1.82
Apr
4%
8%
—*■.
;—
20
Nov;
21 %c July
July
80c
11%
common———,——*
Power
preferred ——,—__———,100
5%
General Steel Wares
34c
610
24
24%
33c
A
class
Mines
23%
24%
of Canada
Co
Ford
Francoeur
....
.....
Sep
;.—*
—......
common———.
...
Sep
Jan
3Vic
5c
j.——1
•
Corp
Oct
40
5c
Gold Mines..
Ontario
Riverside
—1
——,1——
Kirkland
17 '
1
"
Federal
35
20
29
11c
Jan
1.60
July
14% July
Feb
11c 121/2 c
July
8
Jan
8%
Jun
10
Jan
6%
20
1.66
III
10%
Jan
5%
30
class A common.
preferred
120
9%
1,120
t
Nickel Mines
Farmer Candy Shops-
Falconbridge
Fire
7%
7%
English Electric of Canada A
—A*
Equitable Life Insurance—.————25
Federal
Nov
9c
Washing Machine——_——*
Eldorado Gold Mines——,
————1
Federal Grain
July
34
Jun
4%
Easy
Fanny
30
Jan
10%
12 % c
——_*
Malartic Mines————,1
Eastern
July
Jan
22
7%
Oil
Crest
167
20%
4 1/4
4%
120
1
Co,—
Mining
Duquesne
——,,
—
142%
170
10 1/2
Woollens & Worsted corn-
Preferred
38
585
33
9%
Chemical common.
Dominion
Dec
23%
7%
9%
Dominion
Sep
29% Aug
84
23
,,2o
.
15
84
111%
.
32
»
lio
Stores
class B
July
154 156%
156'4
100
——.
Steel com,,.
Investors pfd,,.
Dominion Foundries &
Dominion
84
pfd— *.. .100
Investors
Anglo
28%
—
,
38 %
Nov
1.75 July
Mar
6
46 V4C
27%
17
Orange Crush preferred —.——*
——_———.—
Mines—,
,
Oct
Dec
3
3
3
.
_*
...
Gold
Omega
20
31%
Distillers Corp—Seagrams common,.
Dome
Oct
25
25
40
22
Nov
24c
Dec
1.93
9% July
9%
Empire Mines..iff
Star
O'Brien
Nov
27%
.
Mining
Preferred
Oct
136
33%
22
31%
Petroleum,————
Davies
Jan
9%
Sep
1.55
46% July
85c
Feb
11c
Feb
uan
18 %c
IaAZA.A
"A".
Northern
37
Jan
83C
common....*
Co Ltd
Northern Canadd Mines....—...
668
Jan
74'% .74%
*.
*
——
common
Sep'
410
6
5 %c
60,300
1.83
1.92
1
____*
Power
July
July
9% July
47
19c 21% c
.....lOO
Dec
7,200
22
18C
4%
1.55
10
Jan
12,950
1.45
40%
Jan
14%
1.53
•
Oct
'6c
5%
570
1.43
20 %C
Jun
585
.
56%
t
Jun
17
2%c Mar
1,875
8%
19%
60
Jan
15%
5V2C
60*
Mar
15
Jan
Sep
9%
Jan
10%
1
28,200
1.48
4%
135
900
....
Noranda Mines !_',
39%
801
8V4
Gas——*
Mines
1.34
1.53
7
56%
Negus Mines
22c
Canada
Dec
3.75
Apr
15%
6%c
National Steel Car.!
11%
Bakeries of
Consolidated
Sep
1.63
Jan
1.65
35,700
8%
common...:....100
Pipe
1.93
39%
70c
......20
Sewer
1.23
—"
*
3.50
7%
——
&
2.40
1.51 Mar
7.830
6%c
Preferred
Nipissing
2.30
42,420
..*
Canada
National Grocers
National
2.30
1.63
19%
_i—__5
common.*—
16c 17 %c
Mines;
Coniaurum
Consolidated
i
Jun
19%
125
5,000
,
3%c
&
Cafeterias
22c
——
67c
280
—
Oil
Light Heat
Moore
Jan
3
Sep
23
——*
Porcupine
Muirheads
95c.
80c
Dec
1.27
_
20
—
Co——————1
National
Oct
4%c
22
95c
3!30
8%
—
Mines.—.
;
Knitting
Montreal
54c
... _7T[
Mines!
1.87
11
14
Jan
15
Mines—
1.3~1
16c
14,900
6%
Nordon Oil
:
Jan
lc
1,000
1.20
1.49
3.50
——
common
Lake
of
*
Ltd
9%
60%c Jan
1,785
2%c
2.20
1.58
1
Exploration..:
1.88
—————————
Commoil
!
13%
.
.22
common...
Preferred
12% July
Jan
3,100
5c
Gold
Corp
23% July
6%c July
7c
'
—
Mills
Feb
10 %c
Feb
».
I
—
—,
Mid-Continental
70c
1.00' Jan
9%c
_
Gold
Mercury
Mining
!
common..
Rea
Jan
7%
23,579
1.55
1.00
1.68
1
*——1
Central Patricia Gold Mines,———,1
Central Porcupine Mines
——,1
Chemical Research Corp
—1
Chesterville Larder Lake Gold Mines—1
Cochenour Willans Gold Mines—i
Cockshutt Plow Co,—1——
—*
9%
1,05
25
Ry—
■
—1
Mines.
Porcupine Mines
Mclntyre
26
Jan
Mar
15
50
22 %
22
Nov
6%
Jan
10
36c
—
Canadian Oils Co common-
216
Gold
.
McWatters
Feb
Sep
3%c Jun
*"
22 %k
—I
Segur
10%
14%
68c
McDongall
19
200
Sep
6.10
93 c
22%
!—•
Frontenac
McColl
9% July
24
Oct
Jan
16%
Jan
_
Mines
Preferred
6%
Jan
3.65
1.14
95 c
«
!—L
10%
-
3.25
Ltd—*
A
210
2,325
2%C
1.16
Ltd—.
Massey-jtiarris
28
1.40 Aug
86c
6.05
13%.
3
,_1
...
Maralgo
_————
4.75
14%
6%c
—1
—
class
Milling
Leaf
Sep
_*
.—
2%c Aug
80c
.
—i
—_
Fields
Gold
Malartic
Oct
93
35%
15
*
Jan
%c
May
Lake
Aug
25
671
40c
Mines,
Red
6%
7%
l%c
Nov
6.00
14%
—
MacLeod-CocKshutt Gold Mines.
142 %
11%
29c
3,700
Madsen
1.35
5
Jan
14%
80c
1
A
Jun
59
142
13c
l%c
1
*
Ltd
Mines——
Jun
Jan
12
Oct
July
5,500
Sep
150
Jan
241/4.
* '
_
ill25
_
Products—
Canadian General Electric Co
Canadian Industrial Alcohol A
Cariboo Gold Quartz,—
Oct
Macassa
Nov
22%
Feb
10c
3%C
lc
25c
Nov
—
66
22%
20
*
Castle-Trethewey Mines
Class B
128
7%
—
4%c Oct
500
23c
25c
10%
14%
30%
91
1,000
2%c
,
91c
Jan
8%
60
2,886
5c
5c
2%c
Jan
Groceterias
10
41
21%
21
Dec
Apr
July
24
Jan
17
Oct
98
Jan
Loblaw
109
81/4
39%
Jan
Candy—
200
5%
109%
55c
Gold Mines. Ltd..
90
41
Locomotive
Sep
44
—
Canadian Food
Coniagas
Laura Secord
132
8%
116
Dec
,27% Nov
9,856
Cadillac Gold Mines--!
Lapa
90
5%
Jan
109%
19,120
Mines,
Gold
131
131
common——
preferred
Lake
Shore
Preferred
.100
112%
12
90c
Jan
124
10
460
64
preferred
——;
79%
47
146
150
9
Jan
60
10'A
of Commerce——. .100
Malartic
9%c Nov
90%
Jun
35
9.45
Little Long Lac Gold Mines
35c
Nov
146
July
85c
Jun
Feb
5c
9%
100
8.90
Leitch
21c
9
Jan
90c
Oct
2.60
700
.100
Canadian. Celanese common,
Canadian Dredge & Dock—
Coin
11% July
1,000
.
44
"A"—.
Cable
Pacific
1,050
Jan
43%
preferred
%
Convertible preferred
Canadian Car & Foundry common
Canadian
Dec
—
1st
Canadian
9%
1.15
4c
Jan
6%
6%
Breweries common
Canadian
17
Mar
1 %c
7c
Preferred
New
13
45
1.95
7c
90
Canners
Lake
Lake Dufault Minfes Ltd..—.
Jan
Jan
22c
Oct
July
90
10
17
9.15
Kirkland
1.60
1.90
Nov
66c
Jan
Feb
3%c
—.1
8%
,
Mar
10%
180
j.
Kerr-Addison Gold Mines——
Dec
4,025
'111
Dec
Feb
.———_—1
Nov
13c
Lebel Oro Mines
Ltd
6%
26c
26,600
3,942
Mines——1——1
Gold
12%
Mar
•
109% 109%
30%
29%
21%
1
.
Jan
12,500
91/2
—*1
—_
Sep
17% July
10
115% 115%
29%
Dec
185
11% Jan
250
6%
6%
—„_
85c
3.60
30
Petroleum
77c
4%c
500
65
Mining Co
1
—————————1
Jan
9%c
3
18.170
58c
—•
common
Mines
8c
15%
14%
11%
Mines
Consol
M
—
Mar
19%c
28,100
July
29
Nov
12,820
85c
Waite
3.15
Mortgage Corp.
Canada Steamship Lines common-
Preferred
21
60
24%
J
&
Nickel
International
26%
22%
.21%
Packers
Bank
Sep
_5
6
Dredge———1
—
preferred——100
—^.100
Preferred
22
9%c
Canada Permanent
Bakeries
11%
International Mill
4%
*
—
—_
International
22 %
78c
14
11
14%
99%
.—
ordinary—
73%
Jan
Dec
99
9%c
68c 69 %c
55
155
100
Oil
Preferred
Sep
1?
6,739
231/4
5
80
58c
3,500
84c
71
163
15% '
19c
69c
71
162
Dec
43 %
Jan
17%. Nov
15
15%
7.40
Jan
52c
8%c
220
7%
International Metal common A——A
18C
11%
25
14%
Inglish (John)
Inspiration Mining
15%
11%
32 % Mar
Dec
9%
Feb
Jan
160%
—100
V'
Sep
26%
14%
*
•
—
July
31c
17%c Jan
6,200
1,235
Aug
63c
Dec.,
10
100
9%
Canada Malting Co—
Canadian
29%
10
.
3
Camp Bird Mines,,
Canada Cement common
Canadian
43%
15%
Calgary & Edmonton Corp
Calmont Oils ——
Canadian
"A"„
6c
Nov
3c
27c
Imperial
8%C
*
Canadian
class
High
4.10 July
Jan
2.65
28%
27%
■
Imperial Tobacco
19c
Co
&
Mining & Smelting—
Bay
3 %c
c
25c
1
•
Mines
/8
Low
'
1,125
2,100
Sep
8%c
»
Bunker Hill Extension Mines
Wire
Gold
Hudson
Sep.
—1
.10
-
Gold Mines—-—
Gold Mines-
Steel
Homestead Oil & Gas
3
\
Sen
1.10
Jan
9
Products Ltd
Canada
Jun
9
43%
3.40
Imperial Bank of Canada—1—100
160
Jan
70c
85C
Corp
Ankerite
Canada
Apr
140%
35C
Iso
preferred
Canadian
Burlington
20,900
45
3.35
Huron & Erie Mtge__———
<f"
'■
—1
Buffalo
—'•
—.1
_j.
—
Jun
1.87
85c
-
Buffalo
.
Hunts Ltd
49 %c
36%c
#
Mines,
Building
Jan
1
Gold Mines
Oil
Oct
10c
500
Ltd
,1.25
Brantford Cordage preferredBrazilian Traction Light & Pwr com
British American Oil
—
British Columbia Packers——
British Columbia Power class A
British Dominion Oil
—1
Broulan Porcupine Mines, Ltd——
Brown
12
70c
1.75
High
July
15
75
8,000
156 156%
Low
July
17 %c
38c
—1
-
.
Mines Ltd
Bralorne
Apr
13%
1.60
1.73
preferred-—
Blue
Dec
42
Feb
8%c
2,100
—
Ribbon
'
0I1„
Home
'
Gold—
Blue
Bobjo
21
25
11c
35c
.100
River Mines
Mar
13
Biltmore Hats
Bonetal
42
10 %c
—1
of Canada
Bidgood Kirkland
Jun
259
Jan
227
42
:
Exploration & Radium
Beattle Gold Mines Ltd
Berens
161
Aug
Howey
lie
Bear
Bell Telephone
&
243
243
Paper "A"
Power &
Bathurst
157 % 157
-50
preferred-—,
Bread
Barkers
Base
Scotia.——
—
150
30
Range Since January 1
Shares
Par
Hiah
Low
Sales
for Week
Range
of Prices
Sale Price
Rang® Since January 1
Shares
Hiah
Low
Par
Last
STOCKS—
for Week
Range
Week's
Friday
Sales
Week's
Friday
STOCKS—
.
Monday, December 27, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
2610
23%
Jan
10c
2.65
.
Apr
Oct
5c
Sep
1.80
Nov
2.25
15%
3.45
9
Aug
Dec
Seo
Oct
110'
Sep
31
Oct
Feb
Jun
18c
89%
Dec
89%
Dec
35c.
Apr
74c'
Jun
*
Volume
Number
158
THE COMMERCIAL & FINANCIAL
4241
Last
Par
Union Gas Co of Canada—
of Prices
•
Range Since January 1
Shares
LOW
HiQh
Low
United
"A"—
Fuel
class
6
Jan
9
20
Aug
26
July
32%
33
85
32%
Nov
37
Feb
6c
2,150
10c
Jun
6
Apr
3%
1
2,01
•
Oils
Mines, Ltd-
Walker-Gooderham
Worts
&
10c
4.60
4.50
Western
Canada Flour Mills
Westons
Ltd
.
Jan
Sep
5.80
Aug
64%
100
Par
of Prices
Low
Vinegars
Shares
Range Since January )
High
Low
High
9
9
20
1.05
1.05
100
4%
5%
2,745
3
Jan
74
July
81%
Dec
Jan
47C
Jun
—
Jan
6%
10
Coast Copper
—.5
—
Consolidated
*■<
Corp—
Paper
5
1.00 Nov
Nov
1.80
Jun
6% July
Dec
63
1,010
47
Jan
575
19
Jan
21% Aug
24 %c 24 %c
1,735
19C
Jan
25c
40
Jan
91
Feb
17
July
.
Jun
12,
50
75
74%
15%
15
1,885
6%
James
510
.
Dec
62
150
—
86
90
4,750
3c
Consolidated
Dalhousie
Sand
Oil
Dominion
preferred—
1
H 00
I
1
r
Bridge
—'
.
*
-
81
—
«
——J
Co
.
■
81
25
31c
35C
2,625
23%
24
79
1.28
—
1.28
100
15c
29c
1,500
Nov
4.20
Dec
/
Dec
Oil
&
•
Gas
7
—•
1,000
22
Dec
78c
Jan
31
July
1.75
15c
——1
Osisko Lake Mines—:
7%c Apr
Jun
25c
Sep
1.90
Jun
Aor
12 %C
2:50 Jan
2%c
Foothills
Oct
95
Feb
69;
25
3.00
3C
63
Jan
20
3c
100
;
Yankee Girl Gold Mines.:
8% July
3% May
.
2.90
pfd—
Wrlght-Hargreaves Mines^
6%
61%
6 %
,
—100
&
3:40
21
15%
common—
—
Alexander
1,120
36c
Sale Price
-
,
Winnipeg Electric
Preferred
—
Jan
■,
STOCKS—
Sep
21
,
1
pfd—
9%c
7.25
Sales
Last
Canada
Jan
from official sales lists
Week's
Friday
Dec
61%
•
—
common——
\;
4.40
4.70
1"
—
2.05
Jan,
104,600
13 %c
—
Wendigo Gold Mines——
95c
931
14c
__—*
com
Preferred
Jan
NOV
3%
56,750
6.15
•
•5%c
270
2.05
5.85
_—1
—
Waite-Amulet
4
1.83
-
Ventures, Ltd.
Ymir
6%
Funds
Dec. 18 to Dec. 24 both inclusive, compiled
July
85
32%
—
Upper Canada Mines Ltd
Wood
682
25
—
■
United Steel
Vermilata
6%
25
5%c
"A"__
Canadian
High
25
6%
<1
United Corp class
Toronto Stock Exchange-Curb Section
for Week
Range
Sale Price
2611
Sales
Week's
Friday
STOCKS-
CHRONICLE
Oreille
Pend
Metals—
Mines &
—A
1.30
1
1.40
1.05
1,150
Jan
OVER-THE-COUNTER MARKETS
24
Quotations for Friday Dec.
Insurance
Investing Companies
Far
Bid
Aeronautical Securities——!
B-l—
27.24
28.57
Aetna
Series
B-2
25.80
28.31
American
B-3
17.81
19.53
American
14.34
Scries
B-4—
8.84
8.69
6%
6%
Series
K-l—
15.77
17.28
1
12.96
13.94
Series
K-2__
1
3%
«
Oil
Axe-Houghton Fund Inc—.
Bankers Nat Investing—
A Common
5
-10
preferred---——
A6%
Basic
Industry Shares
Bond
Inv
Inc—5
26.81
28.98
Loomis
Ltd————1
14.27
Manhattan
3.65
29.80
—1
9.41
Securities com—100 2,310
Preferred
■-
Commonwealth Invest——_—-1
1
1
Consol Investment Trust
Corporate Trust Shares
2,410
147
Accumulative series—i
1
Series AA mod———1
Series ACC mod——.—
1
2.20
2.64
A
common—10
1.18
preferred
8%
preferred—
100
Cumulative Trust Shares—*
Delaware Fund
-—I
Diversified Trustee Shares—
C
1
D
2.50
Dividend Shares
25c
A7%
Bond
xll.93
Equitable Invest Corp (Mass)_8
Equity Corp $3 conv pfd_—1
Fidelity Fund Inc
•
Financial Industrial Fund, lnc_
First Mutual Trust Fund——8
Fixed Trust Shares A
-10
Foundation Trust Shares A—1
Fundamental Invest Inc——2
Fundamental Trust Shares A—2
28.32
30%
17.36
1.71
5.18
9.33
1.87
5.77
series
Bank
———i
3.65
4.20
22,66
5.31
g
20.70
4.59
4.35
31.06
5.02
M
Capital Corp
.*
General Investors Trust——1
General
Series
1953
5.40
.
Automobile
——
5
26%
28
U
25
27
U S Fire
93%
98%
45%
31%
Westchester Fire—
Rutgers Fire Ins,
preferred '——
2nd
10.95
6.35
Great .American
8.88
Hanover
9.6'.
,1-27
8.88
10
Hartford
Fire
Home
Chemical
New York
7.97
6.41.
10.78
4.82
Electrical Equipment
Food shares
Bank of New York
6.10
Bankers Trust
Administered
Fully
5.77
50%
90%
95 %
99
35%
37%
47
Trust
Corn Exchange
6.75
Bank & Trust-20
50
70%
1
3.24
X9.12
Selected Amer Shares
.2%
9.47
Selected
.—1
3.90
5.06
Sovereign Investors—
1
5 92
.,
Income
Shares-
7.25
State
Super Corp
•
St
Investment
X13.51
14.28
77.69
Spencer Trask Fund——
7.51
6.49
83.46
Corp—.
1
of Amer AA—.
*
2.34
Public Service
104%
3%s——1968
102%
103
Puget Sound
4%s
Elec
4.51
.4.97
5.88
6.47
3.03
3.35
4.27
3.87
3.91
3.76"
4.31
4.15
4.34
4.78
,
Stand Oil
Trustee
Power
9.44
10.35
91c
1,09
•
,
1.19
108%
101%
102
& Light 3%s__1973
Northern
1973
Panhandle Eastern Pipe Line—
2%s debs—
—1953
3%S
,25c
43c
Trusteed Industry Shares— 25c
Union Bond Fund series A——
70C
207
.
217
34%
36%
90%
94%
35%
4%
37%
5%
1,320
22.97
20.45
6,89
7.54
5.70
6.24
16.32
17.84
107%
111%
107 %
108%
Power 3%s__ 1968
101%
102%
3%s—1968
101%
102 %
1973
101%
102%
——1958
103 %
104 %
Elec
&
Gas—
—1972
—
Colo
Utah
Power
West
Texas
Util
York
100
108
107%
110
Carolina
Southern
99%
107%
1972
*
——
3%s
Public Service
—
-1973
(New Hampshire)
Pow & Lt—
Corp.
4%s
&
Lt
3y8*s
23.69
18.71
Indiana
——
102%
Diego Gas & El 3%s__ 1970
South
Ask
102%
78c
Class
B
—
B_.
Series
C
—
-
;
-
Fund B
Union Preferred Stock FundU
S El Lt & Pwr Shares
15.70
A
Investment
1
15.54
A Blair
&
11.81
12.14
AFirst
Boston
Co
15,
15,
1944-
,
tMar
1
Corp—
10
2
23%
2%
25%
tMar 15,
.
100.20
99.31
100.19
100.1
100.21
1V4%
100.15
100.17
3/4%
99,23
99.25
%
99.31
.
1946—
1946-
15.
100.8
100.18
3/4%
tDec. 15, 1945tDec
—
100.6
%
3/4%
.
1945—
15,
100.5"
1
,
15, 1944.
Mar 15,
1945—
.
100,4
1
1944—
Sep
%
%%
1944—,
*Sept,
Corporations
24.52
MaturityJun
17.09
Banking
22.56
Quotations For U. S. Treasury Notes
32ds of a point
Int. Rate
Bid
tSep 15, 1947
1%%
100.21
Certificates of Indebtedness—
t%s Feb 1, 1944—:—
b0,36
t%S Apr 1 1944—
b0.59
t%s May 1,1944
b0.60
t%S Aug. 1, 1944
—
b0.72
t%s Sept. 1, 1944
b0.75
t%s Oct. 1, 1944
—
b0.76
|%s Dec. 1, 1944— —
b0.78
Figures after decimal point represent one or more
Int. Rate
Bid
Ask
Maturity—
Mar 15,
1.70
America—10
Investors Fund C
108
San
98%
105%
6.48
Wellington Fund83c
98%
105%
5.75
1
of
Co
1.52
20.98
2,45
Power
Iowa
3%s_—1973
ASeries A
Union Stock
1.39
Power
1973
3%s series A—;
& Lt 3s__-1973
Lt
&
Pow
ASeries B
28c
19.51
2.17
Shares—
Trusteed Amer Bank Shs—
Series
16c
Foundation
Investment
37
47%
53%
(Indiana)—
E
102%
Calif
Trustee Stand Invest Shs—
Service
3%s series
104 «/8
Mining shares
shares
Insurance Group shares.
14%
1.485
Bid
Public
101%
Delaware
Bank Group
Ask
155
310
51%
—100 1 ,275
Ask
103
Central
Incorporated Investors——..5
Independence Trust Shares—*
Institutional Securities Ltd—
Aviation Group shares
United States Trust
1.475
Bid
2.16
Holding Corp—
—I
Fund Inc
Common
——10c
_20
Title Guarantee & Trust——12
102%
2.26
Income
Bid
—
New York Trust——'
25
Public Nat'l Bank & Trust—17'/a
74%
100 1 ,435
Bank
1963
1
A Huron
72%
32%
preferred—
:
Atlanta Gas Light 3s-1963
Blackstone Valley Gas & El—
3s
1973
3%s
1
shares—
67 %
30%
Morgan (J P) & Co Inc
;_100
National City Bank
—12%
18%
47%
Charlotte Air Line—-
Atlanta &
"6.55
C—
Utility
_io
Recent Bond Issues
D
shares
49%
*
9.99
7.04
ASeries
Tobacco
—
3.57
ASeries
—;
Trust—.10
89.80
6.43
Equipment shares—
;
National
First
5.53
Steel shares
Conv
235
225
17%
*45%
&
Bank
13.95
6.14
—10
———100
.
12.97
6.17
6.59
—-—
39%
46%
—2.50
—
Commercial National Bank &
Continental
X88 02
5,90
shares.,—_—-—
13.55
Bank & Trust
51
5.88
shares—
4.87
37%
4
Guarantee
63:%
4.72
■
Fidelity & Guaranty Co__2
Par
49%
5.84
RR
—100
—
132
60%
145
Fulton
Trust—
——100
302
Guaranty Trust
100
13 %
Irving Trust
10
Kings County Trust——100 1 ,435
34
Lawyers Trust
25
45%
Manufactures Trust Co com—20
20%
85%
Merchandise shares—-——
Railroad
S
U S
400
47%
Investing ___—5.34
Low Price Shares—:————
5.02
Petroleum
Travelers
36%
126%
.10
Ask
Bid
388
10
Chemical
2.24
lOo
Republic Invest Fund—
6.38
shares—--
Industrial Machinery shares—
.100
:
Chase National Bank
Scudder, Stevens & Clark
Fund, Inc
4.59
bond shares——
General
Inc Shares—
Standard Accident—.
2.98
51%
City Banks & Trust Cos.
19%
——100
Brooklyn Trust
46
1
Fund
6.04
8.62
-———-
42 %
30%
Par
Co.—10
Manhattan
of the
Bank
7.21
5.61
shares
.
—5
2.88
34%
8.27
6.40
1——
Building shares
Inspect—10
——-
10.70
2,60
1
—10c '
5.49
——
10
—
Hartford Steamboiler
2.60
1
—
5.24
shares——
shares—.
Aviation
48%
Security New Haven_
—10
Springfield Fire & Marine—25
7.12
6.47
shares——
Agricultural
St Paul Fire & Marine—62'/a
Seaboard Surety—
10
9%
16%
67%
Republic
&
2.00,
•
1958—
Quarterly
47
8%
&
Empire Trust
Group Securities—
44
14%
63%
39
—1
—
(Geo)
24%
Central Hanover Bank & Trust 20
Plymouth Fund Inc__
Putnam
22%
Fire
5
shares
Series 1956—
28%
—10
(Paul)
com.
Globe &
Fire
6.55
—
Series 1955
26%
Revere
General Reinsurance Corp__.—5
5.54 '
Trust
13%
28%
12.83
4 37
Amer
5%
12%
26%
19 %
5.82
equipment—
36%
3%
86%
5
44%
7.24
North Amer Bond Trust ctfs—.
33%
5
Newark—:
of
Fire
17%
7.52
——
„
15%
10
47%
.
Reinsurance Corp (NY)———_2
Republic
(Texas)—:
:—10
42%
9.73
Railroad
Series
33.40
88
Marine——10
9.81
Railroad
84
14 %
Providence-Washington
10
82%
5
65
45
„_io
61
„
93
109%
—10
_
Gibraltar
8.07r
,
—1
104 %
Preferred Accident
Glens Falls Fire.:—.—;—,——5
6.60
equipment—— a,
Machinery
Metali
Indemnity Co
Phoenix
150
6 60
8.74
stock—
Pacific
44%
4%
88 %
_25
41
8.07
—
23%
4%
12.50
6.96
Globe
-
15
21%
Fire.
144
5.76
stock
Pacific
10
9.96
Chemical
46%
13 %
Northern
11.90
———■.
30 %
44 %
5
5
6.00
1
28
—10
—2.50
River—
6.29
Stocks*Inc—
—
—10
20
Firemen's
Franklin
27%
—2
-
41
58%
10
—
-
191
25%
Casualty
of Phila_——10
7.42
4.58
''
8%
381
20
33%
62%
38%
31
5
—
_.
3.09
4.13
x39
58
7%
2
Fire
6
24%
55
10
—
Northeastern
Group.
Federal
2.72
_
Building supply
North
41
Employers Reinsurance
6.75
Automobile
30.45
3.1 %
,18.70
Fund
Stock
North
Fireman's Fd of San Fran
Agriculture
21.38
12.81
19%
Fire Assn
Insurance
X19.9Q
.
17%
7%
..
5%
22%
New Hampshire Fire—,
York Fire
10
7.34
Electrical
—1
——1
Fund
Employees
—
5.65
6%
4
(Detroit)—10
New
Continental Casualty
England Fund
Howard—
&
Balanced
10.65
11.19
Y
9%
7%
———
New Brunswick.:
87
5.40
23%
6.79
York
82
22%
New York—
9.90
N
Ins
Amsterdam
9
Fidelity & Deposit of Md
New
6.00
1,30
25
New
5
Liberty—
100
1.32
New
-I
7%
1.20
—
.
6%
3.50
30%
18.99
2Va
National
:
10.19
Low priced bond series———
Preferred stock series—
„
National Union
—i_25c
Income
—
National Fire
—;
:
Fire
I
stock common-
Fire
15%
61%
Bankers & Shippers-
10
series
Mfrs
41%
Connecticut General Life——10
i
&
38%
21.66
'*
Merch
„14%
58%
,20.14
Securities—
49 %
—25
I
voting shares
46 %
Merchant Fire Assur
Fire
4.51
Inc—
76%,
io
Casualty
4.10
Fund—
73
Monarch
,-lbc
National Investors ,Corp__
National Security Series—
28
3.45
5.25
1.18
-
Eaton
37.80
.
12 %
National
8.02
City of
7
15%
series B shares—•
(Colo)
Aviation
-
-
37.04
2d
—
28%
111%
4,62
17.57
—10
shares
B
ACommon
Fund——10
.
40%
8%
54 %
Baltimore American—
Boston
37%
5
.1
10
88.81
Camden
20
——10
87.02
Fund Inc—
Jersey Insurance Qt N Y
Knickerbocker
Maryland Casualty
Massachusetts Bonding
14%
.
Ask
16
83%
51%
——10c
Nation-Wlde
\
9.82
Bid
14
81%
2%
Surety—
Invest Fund
(Md)
.
8.93
Fire—
Insur Co of North America—_10
147%
—10
Newark——
Reserve
Investors
& Forster Insurance—
Crum
Bond
Low priced
2.64
26
—100
Forster
&
ACrum
—
Re-Insurance
American
Trust
Mutual
2.20
American
American
Investors
—
American
12.96
Automobile
Mass
;
of
17.89
4.37
iMass
4.89
.37
2.33
:—-—-—1
AA_
Series
»
.
142
x4.50
35%:
-—100
—
11%
19%
12%
Equitable
6.32
Maryland Fund Inc
10.18
10 %
18%
11%
——
—5
American Fidelity & Casualty_5
American
5.77
Common
—27.71
Century Shares Trust
Chemical Fund
23
25.43
Fund——
Sayles Sec
15.64
73
21
American Casualty—
Fund——*
Loomis Sayles Mut
,
37%
69 %
10
—
3.94
Knickerbocker
1X3.05
35%
——:
Alliance
16.25
——
17.60
Ltd
10
—-—-25
Life
Par
Homestead
55
23.16
S-4
16.37
Fund
52%
11.78
S-3
Series
,
.
Inc—————5
Inv
Christiana
Series
5%,
L.-
>
S-2
103.13
Fund
Bullock
Series
3%
—
—_
—
Series S-l.
.
4%
3.64
4—.4
—4—
—
99.00
Broad Street Invest Co
Canadian
■„
.
-2--.
.
America--—
of
Tr
Fund
Boston
3,56
-
.
•
—
23%
-13.22
_2
Shares—
3.53
22%
3.25
Foreign Investing-lOc
Stand
Assoc
—10
Agricultural
Series
x3.23
Holding Corp—,i—10
American Business Shares—1
139%
.
Companies
Ask
10
Aetna Casual & Surety
Aetna
Keystone Custodian Funds-
6.96
,
Ask
Series
_1 lA
Affiliated Fund Inc—
AAmerex
6.40
Bid
Par
Bid
Par
Ask.
v
.
.
1
1%%
100.27 '
100.1
100.29
Ask
100.24
0.30%
0.57%
0.58%
0.70%
0.73',.
0.74',.
0.76%
United States Treasury Bills
Rates
Bid
,
Commodity Credit Corp—
tl %%
Federal
0.85s
Federal
—Feb
Home Loan
June
15,
100.5
1944
tl%
Apr
15,1944
'
b0.90
0.75%
Dec.
100.4
1%%
1964-1944
notes
Feb
6,
Jan.
13,
10112
■
102,^
\lv\
}??!''
ioiyi
U S Conversion 3s
u s conversion 3s—
106%
Panama
Jan.
1, 1944
100.2
100.4
1940
105
106%
105%
107%
130
131%
Ask
Feb.
1943
1944
.:
1944
1944
20,
27,
3,
1944
1944
Bid
—
—
-
b0.37
b0.37
b0.37
b0,37
bC.37
b0.37
0.33'?
1944.—
b0.37
0.33 7;
1944__.
bO.37
0.34'?
10,
0.28%
17,
1944
1944
0.30'?.
0.32%
0.32',?
0,32'?
0.327?
Feb.
24,
Mar.
2,
Mar.
Mar.
16,
23,
:
0.33'?
b0.37;j
0.35';
1944.
b0.375
0.35'.;
1944.
b0.375
0.35',;-
1944
Mar.
Ask
b0.37
b0.37
Feb
Feb.
.
10112
&
3s Jan.
1,
1956-1946::::™::
105
Mav
1.
1.Q56-1946
100',
30,
Jan.
100.2
O .8 Housing Authority—
10112
for discount at purchase
are
Treasury bills-
Jan.
—
3s/4S1955-194545
3s
100.7
Bank—
1946-1944
4s
Ask
Reconstruction Finance Corp—
15, 1945
Land Bank Bonds—
4s
Bid
Ask
quoted
Bid
Obligations Of Governmental Agencies
'
*No
Other Issuei
Canal 3s
1947
—1961
value,
par
a
Odd
lot
sales,
b Yield
price,
c
of S31.50 a share
23, 1943. d Deferred
x Ex-dividend, y ExAQuotatlons not furnished
Ex-liquidating dividend
payable Nov. 30, 1943, to Adams Oil & Gas Co. stockholders of record Nov.
delivery,
r Canadian market,
s Cash sale—not included in range for year,
rights.
tin
by sponsor
default.
issuer.
or
tThese
bonds are subject to* all Federal taxes.
-
J
THE COMMERCIAL & FINANCIAL CHRONICLE
2612
Monday, December 27, 1943
Week Ended Dec.
THE COURSE OF BANK CLEARINGS
1943
1942
18
.
,
*
Inc; or
1940
1941
Dec. %
$
$
$
Fifth Federal Reserve District—Richmond-
increase compared with a year ago. Pre¬
clearings this week will show an
Bank
West
liminary figures compiled by us, based upon telegraphic advices from the chief cities
indicate that for the week ended Saturday, Dec. 25, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be 22.8% above those for the corresponding week last year.
Our preliminary total
stands at
summary
South
Week Ending
Chicago
City
—--———__
Louis
St.
Pittsburgh
Cleveland
Other cities, five days—
cities,
All
day
one
+
39.5
cities
all
Macon——
111,400,000
+ 55.6
Mobile
39.2
180,761,000
+
205,442,399
+ 24.5
furnish
158,667,638
+
——
York
2d
New
3d
Philadelphia
4th Cleveland
———
———~?
Bth Richmond
— -—
10
6th Atlanta
1,418,081,036
$7,308,807,287
(10 cities)
7
9th Minneapolis
10th
—
Kaifcas City———<«.
South
Total
,
+ 17.1
326,272,042
244,605,794
374,673,920
662,165
+
26.1
628,286
482,075
5,552,105
3,256,789
+
18.2
4,686,264
3,908,190
+
19.9
2,822,050
2,057,035
Sioux
+
10.3
2,750,120
2,024,993
+
7.1
30,525,000
24,620,000
3,645,279
+
12.4
3,632,095
City
7,976,790
7,925,282
+
2.4
32,842,100
24,974,955
2,616,912
1,940,354
+
34.9
1,897,876
14,315,144
13,202,191
+
8.4
15,118,274
8,771,111
7,426,796
—
•
6.3
36,104,684
6,362,708
+
16.7
5,708,435
3,886,144
.
.
___________
_
—
1.2
522,528
407.082
+ 12.8
516,307,245
379,580,159
5.6
3,212,162
1,175,411
5.9
5,362,247.
2,470,023'
479,703
485,579
523,972,383
464,693,303
1,646,151
1,559,526
5,265,079
5,597,528
2,835,641
2,235,495
+ 26.8
1,863,796
+
660,286,020
592,158,578
+11.5
638,770,90^'472,053,047
206,900,000
186,200,000
+ 11.1
156,000,000
116,000,000
90,049,440
76,601,324
+17.6
74,896,375
47,246,934
54.905,961
46,646,790
+
17.7
43,616,018
38,042,019
1,098,000
871,000
+
26.1
893,000
640,000
+13.7
275,405,393
201,928,953
——t—.
————,
.
Peofia_.
<
.
_
Rockford—
>
—,
Springfield
(17 cities)——
—
+
—
18.5
—
472,499,983
Missouri—St.
Louis„____________
Kentucky—Louisville,
Tennessee—Memphis
Illinois—Quincy
To«;al
_
—
,
(4 cities)
352,953,401
;
Ninth Federal Reserve District-
310,319,114
Minneapolis—
Minnesota—Duluth
4,856.545
4,673,611
3.9
4,210,356
164,307.480
127,182,691
+ 29.2
113,109,003
74,923,029
59,896,797
Minneapolis
46,746,331
+
28.1
46,393,717
33,468,403
*4,000,000
3,482,364
+
14.9
3,674,711
2,689,596
;
—
___*
Paul—,
Dakota—Fargo
Dakota—Aberdeen
Total
4,971,677,015
727,099,837
31.3
578,373,800
603,681,141
+
3,427,092
1,895,068
1,417,649
+
33.7
1,357,798
1,702,747
1,317,411
+
29.2
1,365,670
901,942
5,458,478
5,521,105
—
1,1
5,016,652
4,226,503
24 2,117,115
190,341,162
+
27.2
175,127,907
1 20,728,180
+
fib
—
__
1,091,615
(7 cities)
______
258,321,713
201,383,832
374,673,920
+ 17.1
326,272,042
244,605,794
592,158,578
+
11.5
638,770,907
472.053,047
310,319,114
+ 13.7
275,405,393
Tenth Federal Reserve District—Kansas City-
415,350,994
6.9
201,928,953
242,117,115
190,341,162
+
27.2
175,127,907
311,212,246
+
13.5
230,879,570
Nebraska—Fremont—,
Hastings
145,010,071
130,850,316
+ 10.8
126,396,100
+ 10.8
424,258,568
10,879,823,014
9,031,140,387
+20.5
9,350,670,326
4,609,327,744
9.3
4,427,152,705
511,192,438
+11.7
521,396,541
2,826,569
53,050,533
34,365,568
66,562,874
+
2,373,260
+
6.8
6,000,147
+
47.3
5,733,979
3.406,173
186,863,552
+
8.4
160,131,690
114,695,718
7,424,784
5,239,913
+ 41.7
4,472,108
1,233,877
1,070,414
1,352,519
8.8
671,840
3,761,220
572,387
729,619
+ 46.7
745,050
619,929
311,212,246
274,090,126
+13.5
230,879,570
162,656,091
2,398.374
105.376,138
+ 50,0
2,040,668
2,470,176
114,710,000
+
8.9
101,810,824
72,601,074
15,782,636
14,255.289
+
10.7
3,498,000
St. Joseph—
398,255,150
131,103
3,359,496
2,535,098
8,838,607
202,478,597
i__;
3,535,000
___;
3,268,301,414
571,109,944
100,815
196,610
7.0
82,393,740
Missouri—Kansas City
8,095,039,603
140,478
—10.7
4,371,962
.
;
Wichita.
298,498,395
343,249
4,675,847
Omaha—
91,230,175
509,125,662
253,031
306,356
.
—
Kansas—'Topeka—__
162,656,091
564,330,949
254,926
_
Lincoln
120,728,180
274,090,126
+
1,807,586
1,795,212
209,4i.^;:
: 338,543,327
5,092,057,165
6.1
4,324,778
-
Eighth Federal Reserve District—St. Louis-
$
Dec.
$
453,538,851
1,642,171
2,209,187
Chicago,
Decatur,—
Total
2,680,913
^8,500,000
36,960,520
—
Illinois—Bloomington™
/
3,223,078
33,272,000
7,957,799
Moines_
Des
.
660,286,020
York City-
50,990,250
4,099,093
Iowa—Cedar Rapids—
.
438,827,068
cities
—111
*
—
Outside New
Inc. or
1942
+
II
175,244
72,239,731
3,554,499
Haute
Helena
286,544,430
6
10
178,357
17.6
+
1940
1941
5,036,357,829
11th Dallas '—J—
2,533,106
4,170,295
'■+ 23.1
35,636,000
.
;
South
7.8
l<
—10.5
83,678,135
835,304
—
Bend.
Wisconsin—Milwaukee
by Federal Reserve Districts:
4.9
10
'
1,932,503
*2,000,000
6,560,552
——
Indianapolis
+
14
291,054
438,827,068
Indiana—Fort Wayne
+22.8^
+
•1
31,097,219
5,244,326
—
Grand Rapids.
+
4
42,859,776
Michigan—Ann Arbor—___—
650,719,356
^ '
;
17
-
20.8
98,434,759
—
North
——
8th St. ,Louis_
+
3,905,257
—
•7th Chicago
49,621,133
5,861,526
236,428
+52.4
660,721,614
•
1,577,770
29,550,000
+ 35.9
306,276,135
II '
1,820,987
31,745,000
$5,890,726,251
4,597,957,268
6
6.3
Seventh Federal Reserve District- -Chicago—
682,913,614
ti
22.9
+ 30.1
Total
712,328,893
«
+
+
+ 56.8
6,037,494,051
II
10
94,600,000
2,384,028
+ 38.3
352,953,401
12
7
—
6,584,657
,25,565,015
2,197,979
'
a summary
s
M
9,458,680
39,388,938
2,929,694
98,311,800
.
St.
426,073,451
cities
+
51,248,769
$4,642,072,863
1,248,653,385
—Holiday—
1943
12
-
26.9
SUMMARY OF BANK CLEARINGS
—
125,800,000
——
Montana—Billings
1st Boston
35,999,216
11.4
—"
—:
_
Mississippi—Vicksburg
10.8%.
Federal Reserve Districts
Week Ended Dec. 18
+ 50.5
+ 16.2
___
Louisiana—New Orleans
available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which we present further below
we are able to give the final and complete results for the week previous—the week
ended Dec. 18.
For that week there was an increase of 20.5%, the aggregate of
clearings for the whole country having amounted to $10,879,823,014, against $9,033,461,721 in the same week in 1942.
Outside of this city there was an increase of
9.3%, the bank clearings at this center having recorded an increase of 32.2%. 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 increase of 31.3% and in the Philadelphia Reserve District of 7.8%, but
in the Boston Reserve District the totals register a decrease of 6.1%.
In the Cleve¬
land Reserve District the totals are larger by 4.9%, in the Richmond Reserve
District by 6.9% and in the Atlanta Reserve District by 17.1%.
In the Chicago
Reserve District the totals show an improvement of 11.5%, in the St. Louis Re¬
serve
District of 13.7% and in the Minneapolis Reserve District of 27.2%.
In
the Kansas City Reserve District the gain is 13.5%, and in both the Dallas and
In the following we
201,383,832
8,837,724
Alabama—Birmingham—
the Saturday figures are not
Francisco Reserve Districts
258,321,713
37,168,029
____
Terre
San
6.9
59,942,521
+ 67.7
Complete and exact 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
32,958,702
2,336,745
119,637,989
$8,974,543,906
.
107,121,605
43,880,552
145,300,000
1,696,430,797
week——
for
134,563,663
7,9
161,900,000
Augusta—_—_—_____________
'
Total
4.8
+
286,544,430
$8,974,543,906
—
+
+
39,542,450.
*
Florida—Jacksonville——
$7,278,063,109
-———
Total all cities, five days—,'.
1,579,400
159,367,405
_
+ 48.1
135,934,582
——
five days,———
cities,
Ten
2,192,809
13,301,212
—
+ 59.2
201,394,073
•
Baltimore—
0.6
' 43,197,988
_
_
Georgia—Atlanta
420,000,000
251.709,000
;
—'
+
306,276,135
200,000,000
173,300,000
:
—
65.1
255,703,048
——
——
54,209,204
2,578,585
42,666,469
;
200,661,261
__
—.—
Francisco
San
(6 cities)
318,350,930
—
—————
— —
Kansas
4,710,000
70,944,240
166,970,892
622,000,000
—
'
Boston
305,361,318
426,898,825
——
—
1,065,449
5,675,000
+ io;4
Columbia—Washington-
Nashville
+
$2,842,490,722
.,692,111,390
———
Philadelphia
+ 10.6
Tennessee—Knoxville——_____
1942
1943
Doc.25
York—
New
6,901,000
77,022,528
Sixth Federal Reserve District—Atlanta-
Clearings—Returns by Telegraph
i
804,921
2,594,958
Maryland—Baltimore
Total
24.3
7,634,000
Carolina—Charleston
District of
+
85,001,614
Richmond—.
in 1942. At this
Our comparative
$8,974,543,906, against $7,308,807,287 for the same week
increase for the week ended Friday of 65.1%.
for the week follows:
center there is an
Virginia—Huntington
Virginia—Norfolk
of the country,
1,132,462
1,408,202
Colorado—Colorado
Springs..
Pueblo:
.
...
Total (10 cities)—
.+:
23.8
2,377,786
2,176,609
*
—
Eleventh Federal Reserve District—Dallas-
Canada
We
32 cities
—
___
statement showing the figures for each city for the
add our detailed
now
1942
at—
Dec. %
854/221
....——
7.3
3,616,379
2,094,696
—
4,140,202
-
8.4
410,254,580
290,203,800
4.7
1,008,257
,"811,123
1.2
583,623
—
394,013,391
970,865
Connecticut—Hartford
1,661,473
1,031,851
7.5
61,403,446
39,732,116
632,009
Utah—Salt Lake City
39,606,814
35,032,507
+
13.1
27,314,667
19,031,916
California—Long Beach
11,910,095
8,975,446
+ 32.7
4,558,985
+ 44.8
4,281,097
3,711,823
306,923,000
3,147,412
279,277,000
9.9
241,458,000
174,105,540
4,007,107
3,297,351
2,110,504
4,205,102
2,970,903
1,087,883
940,469
3,547,044
Pasadena
3,055,889
3,441,811
3,187,549
San
17.568,392
15,583,969
19,780,661
'
6,579,829
4,525,514
20,716,700
15,820,100
—15.1
685,630
6,1
472,499,983
San Jose
5,161,042
4,516,747
+
14.3
Santa Barbara
2,549,546
1,778,500
+
43.4
Stockton
5,234,881
4,680,783
1.6
—-—
,
-
■_*
i
Jamestown
——
Rochester.
——
Syracuse
+ 11.8
+10.8
(10 cities)
1,651,735
1,487,723
+ 11.0
1,766,718
564,330,949
+
9.1
61,900,000
+
4.3
884,462
616,323
1.0
1,112,704
1,192,466
—
■-
:
Toronto
4,421,812,643
+
32.2
4,923,517,621
4,826,738,189
12,485,365
+
2.7
11,853,734
9,160,040
Montreal—
7,890,872
10,704,426
2,724,172
36,296,956
"6,285,491
4,474,325
7,387,772
—10.2
7,533.685
24.5
7,493,828
2,418,056
+ 12.7
2.302.098
1,943,224
*2,000,000
1,842,353
+
8.6
1.902.099
-3,919,998
3,843,281
+
2.0
3,131,532
1.945.303
3,166,387
10,299,992
7,378,920
+
9,544,828
6,319,7('8
654,746
583,731
*1,100,000
1,059,664
+
3:8
Saskatoon
2,932,655
2,043,146
+
43.5
Moose'Jaw
1,206,204
1,215,661
1,247,005
895,090
469,141
1,118,011
+
7.9
+
0.3
27,883,893
Quebec—
39,628,338
35,667,582
Halifax
———
Ottawa.—
_
—
Calgary.—_—
1,881,506
692,000,000
735,957
1.506,370
1,376,807
602,198
548,845
1,434,574
Zm*
*1^*.- 8.0
1,750,829
1,560,465
641,000,000
708,000,000
557,000,000
+ + 27.2
1,584.844
1,827,405
ir 31.1
2,635,229
2,469,490
0.6
1,631,336
1,636,025
York
—
:
(10 cities)
"
2,837,440
2.569,294
—
1,395,558'
3,435,706
1,641,794
Scranton
Total
588,814
0.9
52.3
+19.1
—
1,775,725
—
John
:
;
Victoria
:,'+
2,130,567
'+ 20.6
2,024,017
1,523.706
6,984,800
7,766,600
—21.7
6,776,200
9,695,100
•.
1,651,690
660,721,614
712,328,833
+
727,099,837
7.8
578,373,800
*
London—™
Edmonton-
Regina
Brandon
Lethbridge.
Brantford
Fort William
New
Westminster
1
Hat
Medicine
Peterborough
Sherbrooke
Cincinnati
Windsor
4.438.120
Ohio—Canton
_
Cleveland——
Columbus,.
3,751,311
117,392,857
122,709,853
258.7.30,144
233,572,851
22,517,600
Mansfield
Youncst.own—
3,286.433
16,929,500
2.613,715
Pennsylvania—Pittsburgh
Total
(7 cities)—
2,657,418
■
3,296,239
273,934,745
267,802,184
682,913,614
650,719,356
+ 18.3
3,264,663
3,127,102
4.3
107,480,582
75,188,393
—
Prince Albert
Moncton
—
+10.8
210,695,795
141.636,346
Kingston
+ 33.0
17,794,100
13,778,900
Chatham
1.6
3,045,602
2,229,673
Sarnia
Sudbury
—
—
+
0.3
3,541,455
3,529,940
2.3
257,858,944
1,024,389
478,581
.
—
+
—
1,235,304
1,486,307
4,489,798
'■
•
598,661
1,116,895
854,029
3,596,405
6,476,141
8,965,097
39.6
6,909,774
5.062.304
+ 51.0
5,231,710
4,836.266
+ 12.2
,
481,688
'
1,471,611
780,709
816,028
1,285,013
i-"
894,256
785,059
1
1,126,996
1,171,936
A
—l2.6'
"—'Hi: 0*1
25.71"
645,737
1,698,963
■'
r-17.2,
+
397,597
778,875
'
'•
1
1,497,271
1,388,977
5,371,742
*650,000
1,538,337
6,031,819
\
782,479
?
'
399,776
335,929
867,923
735,551
985,519
+ 21.2
996,870
6.5
1,496,400
1,315,266
4,459,610
3,683,577
—
+ 19.6
8.6
489,909
392,219
+ 37.7
1,379,107
1,233,451
1.5
798,252
756,969
981,549
929,443
592,592
575,208
+
—
758,618
906.709
868,580
—12.7
712,722
+ 27.2
1,119,982
1,105,774
571,109,944
511,192,433
1.3
1,040,842
875,946
+11.7
521,396,541
398,255,150
+
175,860,640
Total
+
.
894,133
841,153
:
1,212,240
1,506,153
1,123,981
:
Kitchener
Fourth Federal Reserve District—Cleveland—
+
40,946,211
29,614,778
+ 19.8
472,786
8,600,802
4L8
11.8
0.6
43,253,960
1,350,657
681,742
49,313,779
+
31,631,215
563,248
26,434,525
71,595,678
127,648,586
165,822,778
+ 10.0
419,698
1,338,736
59,418,533
25,155,991
168,035,908
5.1
3,500,190
466,833
1,038.084
$
6.4
+
7,056,407
+ 33.6
4,971,677,015
156,805,143
148,485,068
3,850,258
6,630,929
Vancouver-_____
5,092,057,165
1940
1941
Dec. %
60,407,095
20,454,934
6,000,214
+ 31,3
$
140,868,515
Winnipeg
8,114,716
.
/
16
Inc. or
4.8
4,988,919
5.7
4,597,957,268
$
Ended Dec.
.
45.2
5,813,780
+
405,524
1942
+
+ 13.7
;
New Jersey—Trenton
3,268,301,414
84,235,653
7,185,984
.
——
Pennsylvania—Altoona
Wilkes-Barre
4,427,152,705
166,771,360
;
6,512,364
8,173,422
District—Philadelphia—
—
9.3
105,213,380
49,763,778
19,355,722
St.
Reading
+
Week
6,881,197
541,683
6,037,494,051
—
4,609,327,744
1943
Hamilton
Philadelphia
8,095,039,603
'
51,816,604
_—.——
9,350,670,326
Canada—
31,440,248
Chester
298,498,395
20.5
5,036,357,829
1,045,369
—
Bethlehem.,
424,258,568
+
42,100,000
1,404,536
Northern New Jersey—
Third Federal Reserve
509,125,662
9,031,140,387
1,438,960
64,200,000
Jersey—Montclair—_
_
1,665,617
15,617,828
70,022,000
1,465,552
1,180,077
5,843,465,185
12,818,572
.
—
(12 cities)—
4,551,520
10,879,823,014
(llLeities)—
Outside New York
7,383,48.1
25.9
+
,—
——
Connecticut—Stamford
Newark—
*—
6,385,488
8,037,776
—
Elmira
.
District—New York-
Second Federal Reserve
Binghamton
0.3
Grand Total
New York—Albany
Lancaster
■6,759,027
338,543,327
—
Total
(12 cities)——.—
Total
+
48,399,752
586,641
+
453,538,851
Francisco
71,058,145
'
Island—Providence——
Hampshire—Manchester-
Rhode
New
+ 11.3
+
3,976,328
426,073,451
91,230,175:
+ 33.7
9.2
.716,389
126,396,100
1,903,625
9.3
608,461
+10.8
88,587,785
+ 21.7
+ 26.9
4,299,802
81,225,857
+
6,917,051
1,207,721
5,501,898
2,545,183
+
19,749,800
1,856,472
36.6
130,850,316
98.554,988
Yakima
1,180,538
7,024,49.6
3,536,000
+
87,286,415
Washington—Seattle
4,197,771
19,687,700
2,348,000
1.0
+ 42.1
Oregon—Portland
22,288,191
—-——
New Haven——
145,010,071
8,303,402
1,206,839
•
5,707,151
(6 cities)
11,650,238'
4,178,676
1,715,044
...
—
Twelfth Federal Reserve District—San Francisco-
3,337,997
Worcester
York—'—
+
Total
1,436,928
—
Springfield™——
New
430,112
Falls
Louisiana—Shreveport
4,589,735
New Bedford—
Buffalo
927,195
4
435,064
Fall River
610,413
768,302
+ 33.0
642,121
3,836,771
361,003,022
Massachusetts—Boston
Total
$
District—Boston-
Maine—Bangor.
New
1940
1941
Inc. or
$
1943
First Federal Reserve
...
Fort Worth—
Wichita
Week Ended Dec, 18
Clearings
3,597,240
Dallas—
,
Galveston.—
18 for four years:
week ended Dec.
Texas—Austin,
4.9
'
603,681,141
415,350,994
:
(32 cities)
♦Estimated.
Volume 158
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
2613
name 01
Company
DIVIDENDS
Redemption Galls and Sinking Fund
Dividends
Notices
first
are
Below will be found
current week.
list of corporate bonds, notes,
a
County
Trust
(Ithaca,
ing tenders, and the page number gives the [location
which the details were, given in the "Chronicle."
Arkansas Power & Light Co.— ""
1st & ref, mortgage '5% bonds due "1956—-—j
Jan
Armour & Co. of Delaware, 1st mtge. 4s, ser. C, due 1957-Jan
Charlotte Air Line Ry.—
&
r
'
1
2247
Allentown
1822
2249
Chase
2359
Chatham Savings &
2249
Citizens Enk of
s.f. bonds dated1935_Jan
1
Consumers Co. of Illinois, 1st 5s due 1956——Dec 31
Continental Department Stores, Inc., 5% debs, due 1946-_Jan
1
Continental Steel Corp., preferred stock
—Jan
1
Cornell-Dubilier Electric Corp. 4Vi% deb. due,1952—-Jan
1
Crane Co., 10-year 2 lA % debentures due 1950—.
.—Dec 27
2250
■
,
.
Extra
2360
1st mtge,-bonds due 1952—Jan
I
1440
Rubber Co., 6% preferred stock, series A_Dec 31
2191
1st lien
& ref, mtge, 6
1
2469
1.
2253
Iowa Power &
1
Jan
——„———_
Jones Cold Storage Corp. 1st mtge. bonds dated 1934—Jan.
...
First
2254
First
5s~
-
bonds, ser. B. due I960—Jan
Maryland Income Bond Co,, coll. tr. inc. bonds dUe 1954_Dec
Miller & Hart, Inc. 6% debentures due 1950——Jan
Mississippi River Power Co., 1st mtge, 5s. due 1951--—Jan
Monroe CoaLMming Co.,. 1st mtge. 6s. due 1947——Feb
Narragansett Electric Co., 1st mtge."3%s, due 1966—-Jap
Nehi Corp., 1st preferred stock__——Jan
mtge.
4 Vi %
bonds due
1956
Prior
lien
mtge, 6%
Jan
———
:
bonds due 1958-
Sixth Avenue purchase mtge. 5 % bonds due
Feaslee-Gaulbert Corp., 6%
First National
291
.
: #
.
1
■
■
.18-year 2%%
South
2254
1
1
1
2255
1
2255
.;
1
1st
Colorado
1st mtge. bonds,
Co.
—,—Jan
—_Jan
—
Street
12-31
g.
12-24
1-
5
12-24
1861-
2365 '
$2.25
—
1
1
1
3
3
—Dec 27
ser.
A, due 1956—Apr
—_—,Jan
—
(liquidating)
12-24
$1
12-23
12-20
$3
___
Point RR,
(year-end)______
(quar.)
common
(s-a)
—
12-22
12-14
12-
12-29
12-21
400
.12-24
12-18
43 %C
3
12-25
'.-
3
12-20
Beaton
Show
t25c
3-1
25c
12-31
12-24:
$1.25
12-31
12-24
12-15
:
2260
2367
2260"
Caldwell
&
Belt RR;
1-
3
&
_____
1
2-29
50C
Bobbs-Merrill".
Boston*
4%%' preferred
Storage
&
Bourbon Stock
12-16
Warehouse
12-31
1-1
12-10
12-
35c
12-31
12-14
12-31
12-14
'
Bridgeport Oil, 7%
12-20
12-17
12-20
12-17
12-31,
12*18
.
1-12
$1.50
1-
..
1-15
1-
12-31
.
:$1.25
1-
'
3
3
Lockwood
Central
12-20
Coal
Brainard
&
&
certificates
12-20
of
12-31
1-3
12-27
Cincinnati Union Stock Yards
$1.50
t$2
3-31
1-31
12-10
3 7 Vic
12-22
12-18
$$1.50
1-15
12*31-
1-1
12-20
$5.07
,
2-15
12-20
1-15
2-
Process
York
7%'
City Investing,
1
12-31
12-24
1-
12-28
pfd. (quar.)
(s-a)_
Cleveland Robbing Machine—
1-3*
12-20
Cohen
1-
Clearfield
Si
Union
non-qum.
Mahoning Ry,
(Daniel)
Stock
Yards
(quar.)—
$1
12-27
12-17
3
12-20
Columbia Mills
12-23
12-10
Commonwealth
12-27
12-20
1-3
12-17
12-1$
12-27
Mercantile
./Extra
Trust
(quar,)—
(Baltimore)
:———
—
Merchandise
Nat'l
Tst
,12-15
.
.—7.7
—
Securities,
$6
pfd.
Extra'
—g.
•
National
Bank
(Boston)
Middleboro Trust
(Mass.) ' (s-a)
(N, J.) (s-a)
Trust
:
$5
Extra
.4
Stock
12-23
12-31
12-31
Corn
7%
1-15
12-31
1-
12-31
Cottrell
2-
3
National Central Bank
(Baltimore)
(s-a)—
1-15
12-16
1-3
12-17
1-
3
12-17
1-3
12-23
6%»
$1
Banking (year-end)
Bank (Boston) (s-a")__—
Savings Bk, & Tr.-(Wash., p. C.)—Quarterly
12-30
12-21
Detroit
.
•
2296
Niagara
National
Shawmut
(Boston)
$1.
(quar.)
$2.50.
$2.50
;
(BjJffalo)
(s-a)
(Chicago) (quar.)
Co.
25c
,
10C
2-1
Oil
City
Trust
Co.
(Pa.lull
12-20
1-
3
12-14
1
3-14
i
11-20
12-21
Peonies
—
$10
1-3
12-14
1-
12-14
Industrial
Premier
Trust
Putnam Trust
Bank
$8
(N.
(Toronto)
Y.)
(extra)
___
(s-a)__
Bank
of
(R. I.)
Maryland
$1
IS.l
Quarterly
Providence Nat'l Bank
.Public
$4
(s-a)
3
12-31
1-
.,0
12-15
12-21
1
3
Cork
12-31
1-3
1-10
12-31
25c
1-10
$4
.
10C
15c
(Conn.)
Preferred
(quar.)
Mfg„
common
(quar.)
■
5%
1
2088
1st
&
ref.
City
Nat'l
in
this issue.
(Norfolk,
12-18
Va.)—
2518
Jan
1
2298
Bank
Secritv
1
2198
Tru«t
South
East
Norwalk
(Lexington, Ky.) (quar.)
(Wilmington, Del.) (quar.)
National
Trust
State
Bank
Street Trust
Third
(s-a)
——_
South
—Apr
(Wash., D. C.)
Extra
Security Trust
Nat'l
of
3
12-31
$1.80
12-30
12-20
60c
1.2-30
12-20
$1
Second National
State
* Announcement
Bank
Semi-annual
mtge.
bonds, due Oct. l, 1944—
1st mtge. ,5s, due 1953—
Seaboard
1773
cumul. prior pref. stockJJan
York Corp.—York Ice Machinery
Corp.—
1st mortgage 6s due 1947
\
$5
„
1864
Bank
preferred A
Kenmore
Bank
(s-a)_
(quar.)
3
•
1-15
lrlO
1*28
12-27
1-28
12-27
!
12-20
3
12-20
1-
3
32-20
$2.50
12-31
1-
'12-20
12-23
3
12-18
'
'
12-16
2-
1
lr
3
12-31
12-26
12-31
12-20
12-29
12-22
J25C
_________
$5
'■
15c
preferred
Share,
Musical
&
American
Consolidated Gas
,
2-
$1.25
2-1
8c
1st
(extra)
2nd preferred (s-a)..—
preferred
Equity
Fund
Equitable
F-R
Radio
(s-ft).
Mfg.,
—
....
—
_—
7%
preferred (quar.)
1-6
1-6
3
12-27
$2.50
12-23
12-16
SI
1-15
1-
1-15
1- 4
$3
1-15
1-
$1.75
1-
1-
3
4
4
12-20
Corp.
of
(quar.)
Mass..
.
—
1-15
J 2-30
12-15
55c
12-3Q
12-23
37 Vic
$1.50
12-23
12-23
1-
5
15c
5c
Phonograph
(quar.)
Investment
Publishing
Extra
&
1
$3,50
(quar.i.—_
common
7'7
Emerson
12-17
12-21
12-21
$1.50
(quar.)
——
(irregular)—.
Elv & Walker Dry Goods,
Fmerson Electric
12-15
1-1
1-
Industries—
shares
Elizabethtown
$6 preferred
1
$1.25
r
.
(quar.).—
1-
12-20
1
12-27
3-
$2
(quar.)
(extra)
1-
12-31
S3
50c
(irregular)
(Boston)
(Tenn.)
$1.50
-
12-15
10c
(quar.).._
(quar.)
6%
SI
(Chicago)
(Conn.)
$3,50
—
l-
12-30
$1,50
—
Steel
Electric Bo^d &
12-24
12-27
.
$1.75
.
^Products, 5% pfd.
Ebsar.v Gypsum Co, (year-end)
12-24
50c
3
1-15
12-29
t30c
■
-
—
$6 preferred (quar.)
•Eastern
(Greenwich, Conn.)—
(extra)
1-
30c
'
12-27
1-3
$2.50
RR.
l*:-7.'
12-20
3;
'Tennessee Light & Power—
East
^
Electric
St. Louis Union Trust
1-
50c
12-20
25C
12-20
$$1.37%
7%
Elder
12-20
1-3
3
f.30c
12-20
30c
(s-a)
; f'
; [
l-'3
12-20»
1-
preferred (quar,)——
(quar.)—-„_g
; ;
4-
12-
12-27
3 7 Vic
____
(s-a)
Co——
12-28
$1.50
•
'"
.1-3
12-31
12-16
3
$4
■
pominion Oilcloth & Linoleum (quar.)—i_—
3
$4.50
—_i
(year-end)
common
1-
$1.75
;
Fdison
Dodge
1-22
1-
.
1-15
—
conv.
1-15
12-30,
1-25
——
,
:
65c
Credit Utility Banking, class B (quar.)
Crystal Tissue, 8% preferred (s-a)
De Pinna "(A.) Co., class A (year-end)—___
;
Detroit Manufacturers
(quar.)„_
Bank
National
Trust
Bank
& Sons,
$1.75
_
—
(quar.).
(quar.).__'_
Creamery Package Mfg., ,r(quar.)
1
12-28
52
(C. B.l
5C
$1.50
6%. preferred
National
1
1
8
12-31
1-15
■
■
(quar.1_^___
Refining, common (quar.)
preferred
,.$3
:
_
Electric— 7.
&
prior preferred
Products
7%
50%
——
•
Continental Gas
1-3
,
20C
1
1
12-23
3
12-
Consolidated Machine Tool, $6 1st pfd. (quar.)
$3
r
_
(Chicago) —
—77,-.
dividend
National State Capital Bank (N. H.)
Quarterly
Jan
12-22
12-15
1-
12-24
7_—
;
12-24
$3
(quar,)
—
1675
_Jar>
12-27
12-22
10c
12-21
National Boulevard Bank
1772
bonds, series A, due I960—
12-20
$1
preferred (s-a)
partic.
1-3
.-$5,
.
————v—
Extra
United States Leather Co., prior preferred stock
12-27,
'$1.25
(accum.)
12-29
$3.
tquar.)_
(Ga.)
(s-a)—-
2260
Corp.—
12-1$
■
12-30
,
25C
,,,
3
1-3
10C
12Vic
(quar.)
1-2-31
$2.50
(Chicago)
12-24
12-29
$2.50
—-
—
Bank
1943
Apr
-1-
$1.50
Community. Frosted Foods—
75c
12-27
12-27
$i.75
.
—
—
75c
—v--
11-26
43%C
—
20c
(quar,)
12-10
10c
Cleveland
(quar.)
(MilwJ
1-10
.12-10
T5C
50c
(Pa.)
12-20
1
12-15
15c
(quar,)—:
.1-3
2
2-
$2
$1.25
('quar,)__.
Co,.—
75c
————
12-31
$4
Power, 5% pfd.
Transit
25c
.
1-31
2-15
17C
3-24
.
12-31
$2.50
1-3
———__—
12-31
12-31
1-15
62 %C
(quar.)__
$1,50
(quar.)
'
37 ViC
4% ,pfd. (liquidating)
beneficial interest—.—
$2.50
Y.)
1-15
1-15
$1.50
Chicago Molded Products (year-end)—
Chicago Railway Equipment, com. (year-end)
7"»
preferred (quar.)
(N.
12-14
Coke,
12-20
c_—
12-31
$1.50
"$1.75
preferred (series of .1927) (quar.)__r_,
preferred (quar,).
California Packing,: common
(quar.)
-'5%' preferred
(quar.)—
-CalUUva'y Mills'-...
___g_.____.____
Campbell (A. S.) Co.__-___Canadian Fairbanks-Morse, 6% pfd, (quar.)
-1*' 3
3
12-21
5c
7%'
12-31
(quar,)-—
12-20
12-23
12-27
2
$1,75
$1.50
Trust
1-
i\
'
preferred, (quar.)
Newspaper, 6% pfd. {quar.)__
Caldwell (A. & G. J.), is-a)—
:
California-Oregon Power, 6% pfd. (quar.).
„7_———.
(Providence) —
&
3
12-30
$1
,
$1
Franklin
(Springfield)
1-
31%
1 quar.
Brush-MoOre
12-31
$2
;$1.25
—
12-21
75c
(increased)-.
New
(s-a)
12-21
$3.50
.
Yards, (quar.)
Central
& Loan
4
8'
1
'
20c
i-;
1-
15c
preferred, (quar.)
Fdy. & Machine, pfd, iaccuin.)__
Birmingham Fire Insurance (quar.)__,
2-23
12-22
1112-
.
12-15
'
6%
3-31
60c
12-20 1
3
12-15
25c
Mfg. (year-end).
Stockyards, common iqUar.).__
Bethlehem
12-31
4-
1-
35c
Charleston
1
1863
preferred (quar.)
conv.
Central
National Newark «& Essex
2260
Associates, 7%
Common
12-21
(Mass.)
2088
30-year
2-28
*
2367'
i
Feb
bonds
Co.,
1
12-10
12-23
15c,
(extra)
19-21
Trust
1
series A 5%
12-27
37 %C
1-
Radio
3
Menotomy
1
West Ohio Gas Co.,
3
1-
12-15
-
v
12-27
12-24
40c
1-
.
50c
2367
due 1945_Jan. 2
preferred stock—
7%
1
12-28
2GC
Fire Alarm
3
Bank
27
Traction
1-
20c
1-
Marshall & Ilsley
Jan
&
1
"
,
1-
Mat'kle Bank Si Trust
Thermoids Co,, 1st lien collat. trust 5% bonds due 1951—Dec
Light
12-27"
1-
20c
12-29
"25c
40c
ft <M
1478
Utah
1-
683,4C
60c
Semi-an,nual
1
United States Leather Co.,
12-24'
1
5
Case
(quar.)
Liberty Trust Bank (Roanoke, Va.) (quar.)-Louisiana Savings Bank & Tr.'(New Orl.) —
186i4
.conv.
6-24
6
12-31
$1.25
1-
«
[debentures
Suburban General -Hospital of Beflevue, Pa.^—
1st mortgage bonds- due 1945^-.—
——^Jan
collat. trust
12-24
7-
55C
(year-end)
common
60c
Lawyers Trust Co.
—
Jan 20
'
6%
6-24
l*,' 5 '.
,
$2.25
12-17
(Rochester) —
Imperial Bank of Canada
•
Northern
Utilities
,7- 6 '
75c
.
.
;
6%
National Rockland
Standard Bleacher,v r& Printing Co;— " 15-yf. 5V2% mtge, bonds seriessA, due 1946
Public
12rl5»
5
$1.50
(s-a.)___
(s-a
12-3'i '■
1-
12-10
•
—
United
m-
750
Bathurst Power & Paper, class A (quar.).
Bausch & Lomb Optical, common—
5% convertible preferred (quar.)___.
12-21
.
inc.—
series A, due 1947—
1%
1-.JL5
12-27
25c
71
1-15
■
1-15'
$1.25
,12-20
$1
Southern Pacific Co., 10-yr. 3% % secured bonds due 1946-Jan
Tubize Chatillon Corp.,
I
12-31
75c
.
1
2-
37%c.
Chemical—
&
12-
2-
30c
(quar.)„_;
com,
12-15
—
Baltimore
30c
—;
Bank
Quarterly
1
equip, trust certificates-Dec 28
1955——-
Temple University, 1st mtge.
(Texas)
(Cambridge, Mass.).. (quar.)—
Semi-annual
2365
.
Standard Public Service Corp.—11
1st lien B%' bonds, ser. A
£JI__
,
Qonn.)—
-(qugr,---—__g.-_.-_—
(Ontario)
Illinois Nat'l Bank
Power Co.—
Studebaker Corp., 10-yr. conv.
1
12-22
12-15
(Montreal)—
Canada
of
Non-cum. -preferred
Montclair
Springfield City Water Co., 1st mtge. 4s,
12-10
1-15
12-18
,
S1
12-10
12-20
Tr,i<7jVayne3borot Pa.) —
——-T77-7-,
7
-7—
Trust
Merchants
\
12-24
12-30
&
Merchants & Mechanics Bank
series A,'due ,1947-1949——Jan
——
12-15
12-30
$1.50
Bank
Nat'l
Semi-annual"
High
1736
Inc.—
mortgage 4V2S due
(Wallingford,
7—-J——————-11-7
Harvard Trust
2196
\
1
2-
$1
12-24
HUckley Union Nat'l Bk. (Muskegon, Mich,) —
1736
X
1
1
Southern Advance Bag & Paoer Co.,
.
Bank.
Guelph Trust Co.
2364
1
debentures due 1961—Jan 15
1st mtge. fis.due 1952——Feb
Co.—
12-18
25c
1863
bonds dated 1941
1-
12-20
35c*
(year-end)__________
Banking Corp.. (Phila.)—
$1.50 conv, preferred (quar.)
7
Baldwin Co.:
T2-27
,7
of St..Louis quar.)-.
Genesee Valley Trust Co.
«>
2050
Jan 19
mtge. 4Vis, ser, B, due 1951—Feb
Southeastern Greyho'und Lines,-
Southern
■
General
1860
1
,
debentures due 1955—.
Memphis. Land
2%-3%
12-20
$2
Sisters of Charity of Cincinnati-—-
Soeony-Vacnum Oil Co.,
3
Automobile
Bank & Trust. (Evanston, 111.)—,
Nat'l
First
■'
' 1
Oil-Corp., 15-vr. 2 % % debentures due 1954-Jan
ref, mtge. bonds,
Automatic
;12-27
-—u—I—''
Heights Savings
—
.
1st &
1
1-
•
preferred (quar.)
Autoline Co., common, (resumed)
8% preferred (quar.)
12-16
12-31
1939
2048
11
.
Union
12-21
2-
$1.25
5%%
,
.Semi-annual"—
First
/
_-Jan
1965——Jan
bonds due 1958——
Salmon River Power Co.,
Bank
—A_._-
National
First
2254
preferred, stock————Jan ' 1
Shell Rnion Oil Corp.,-2%%
Extra
Semi-annual
Price B^os. & Co., Ltd.—
'
4% 2nd mtge, conv, debs,, due 1957—————Mar*. 1
Shell
& V/est
Finance,
12-17
7-7 25c;
■
2363
Ppli-New England.Theatres. Inc.—
gen.
12-20
12-30
.
■
Republic Steel Corp.,
3
12-30
.
Bank
2253
Pennsylvania Electric Co., 5.10% pfd. stock, series A—,—Dec 31
1st ^mortgage
National
(s-a)—7
—
prefened stock—Maf 20
Park & Tilford, Inc.,
Auto
—50c
Semi-annual
New York City Omnibus Corp.—•
,
Atlanta
12-22
7 50c
N. Y
1279
Newfoundland Light & Power Co., Ltd—
1st
Glen Cove,
2363
Louisville
4%
National Bank cf
I :
1
Feb
Jan
& Nasb'MHe RR. unified mtge,' 3Vi%. bonds,
series A, due 1950——:—_
Jan
75c
66%'%
50c
1
1
,,Lexington. Ry.,. 1st mortgage 5s due 1949—,
—;—Feb
1,...
Libby, McNeill & Libby, 1st mtgel. 4s, due 1955—_
Dec ,31
Longwood Towers Co., 2nd mtge. 4% bonds—,■ "(
unified mtge,
12-30
5
12 MzC
:
$2
(quar.)__.
$2 class A
Anglo-National,
12-20
12-28
;$4.,50
(Durham;
(Morristown, N. J.)—
First Nat'l Bank of Mount ,Vernoh( N. Y.) —
.Quarterly
Quarterly
Lehigh Coal & Navigation Co.. 4%. fund. & impt. bonds_Jan
Extended
12-21
Eeacort.
'
.———
Extra '•
•
1
:.
First Nat'l Bank .(Montgomery, Ala.)
.
bonds, series A. due 1959——Jan
Kansas City Gas Co; 1st mtge.
due 1946Kewianee Public Service Co.. 1st 6s, ser. A, due 1949.,
-;
12-23
3
12-28
7
N. C.) (quar.)
First National Bank of Chicago (stock div.)
2192
■
3
1-.
——_—
Fidelity Bank
1134;
*
1
Jefferson & Clearfie'd Coal & Iron Co. Indiana County—
■
(quar.)_
Body
Hocking Glass,
prefevred
1-. 3
each five
————
Quarterly
1134
Co.—>
preferred
5%
(s-a) '
71-
.
12-30
'
1
Water
$3
1*
12-17
'
Anchor
12-23
■
1-5
12-
,
33%%
preferred
$4% "preferred
12-23
(N.
Bank
&
$4%
Farmers & Merchants, Nat'l Bank Los Ang.)—■-
Av due 1958-Mar
Light Co,, 1st mtge, 4s, due 1968—Mar
1st mortgage 4.V*%
2
1-15
25c
(quar.)_
.
12-23
1-
12-20'
12-27
30c
Telephone Co.. (Abilene, Kans.t—
preferredjquar.).,
American Transformer (year-end).
Amoskeag Co., comifton (s-a)
.■, Extra
'!
12-24
(Calif.) (quar.)
$1.50
.'——7-...———. $1
12-20
-•
12-15
20%
5%:
.12-23
12-24
12-23
,.1-3
American
.
12-10
1-2
12-31
12-15
1*3
$1
12 (2 C
.
Common
♦
$1.50
$1
12-31
•
1-2
$2
•'
12-21
.
12-23
$$2.50
ts»a)__
(Pittsb.)
Light & Traction,
preferred (quar.)
6%
,
—
Trust
held
shares
.
$3.50 '
dividend).
American
12-14.
12-20
1- 3
15c
Discount,
American' Potash
Bank
& Savs.
Insurance
Coach
:
12-23
$1
1-10
(year-end)
American General Insurance
12-13
$1
,
1-10
(year-end)
preferred~_
American Foreign Investm't Corp, (year-end).
1-14*
12-23
12-23
Quarterly
12-20
12-28
3
■
1217
'
12-23
1-
5c
Fire
(stock
Iron
&
American
(Henderson, N. C.)—
dividend of one share for
Detroit
2469
Iowa Pwr. & Light Co., 1st mtge. 4%s, sen
Kankakee
3
1-3
25c
62%c
(year-end)_____7_—i
Mfg.
Fuel
American
12-31
12-22.
20%
(Mich.)
■
$1
.District National Bank (Chicago)
7--: $1
East Hartford Trust (s-a)7.-_-—g—7——7
50c
Extra
——v-—
g—50c'
Easton National Bank (Md.)
(s-a).
——
75c
Elmira Bank & Trust (N. Y.) (quar.)—..
.7 ,40c
Empire Trust (New York) (quar.)__——
75c
2252
2252
4
—Feb
l/a% bonds 1947——
1st mtare, 5% bonds, due.19501
(Savannah, Ga.) (s-a>
—
——
Stock
International Rys. of Central America—
■-
1-
1
$1
.
Dec 28
■■——.Jan.
due. 1947—
2-
Y.) (quar.)—
35c
(WaterbUry, Conn.) (quar.)$1
(Jersey City)
(quar.).:—50c
Commonwealth Trust;(Pittsburgh) (quar.)—.
$1
Continental-Illinois Bank & Trust (Chicago)—
2360
International Paper Co.—
1st & ref, 5s, series A & B,
12-28
Colonial Trust
1
1
'
12-16
1-
12-20
25c
common____
(s-a)„_
American Aggregates, 5%
preferred iquar.)
American Casualty Co. (Reading, Pa.)—
.
g..i— ■
Gommgrcial
1
bonds due 1945-.
12-14
12-31
7
§2
7-
Clinton Trust
2360
—Jan
Rill Mfg. Co., 1st mtge. conv. 6%
3
12-21
12-23
1-3
-Extra.
.
12-20
2-1
——
Citizens Trust
2043
Dominican College of St. Thomas Aquinas and Dominican
Georgia-Carolina Power Co., 1st mtge. 5s due 1952—__Jan
Globe-Wernicke Co., 1st mtge. 6s due 1944——
Jan
Gulf & Ship Island RR. Co.—
1st mtge, ref. & terminal 5% gold bonds due 1952—-Jan
1-3
12-31
'
Quarterly
< Extra
Brass
Amalgamated Sugar,
12-31
-$2
(s-a)—
Citizens Commercial Tr. & Savs. Bk. (Calif.)
1634
Dayton Union Ry. 4% mtge. bonds due 1949—
—Jan
1
Deep Rock Oil Corp, 12-yr.. 6% debentures———-Feb 15
General Tire &
(Boston),.
Communications
Allemania
12-20
3
1-
12-28
$1
Industrial and Miscellaneous Companies
12-20
12-31
70c
Loan (Savannah, Ga.)—
Brooklyn
Semi-annual
.
Eastern Car Co., Ltd,, 6%
^2
(quar,i_„,_
Stock dividend
—^-
Citizens, Bank & Trust
2250
Consolidation Coal Co., 25-yr. 5%
Air
(s-a)(!——7-—-
Bank
Citizens Bank & Trust
2189
;
Akron
12-24
,12-31
12-20
(Brooklyn) —
Trust
12-25
12-24
12-28
•
National
Semi-annual
1st mtge, bonds, dated 1941———,—
Bank
1- 3
.
12-23
$1
________
25c
Alabama
Semi-annual
Dec 31
1-2
12-28
12-2.0
1-3
,
Trust
12-20
•
40c
(quar.)
(Houston)
prererred
12-18
3
$1.60
iquar.)___
_g.
States
1-
1-T
Ang.)
Trust
Industrial
conv.
1-3
S6
_
Central Nat'l Bank & Tr. iDes Moines, la.)—
2359
Development Cq.',Ltd
12-20
——
2359
Union, Terminal Co.—
3% %, bonds, series E, due 1969
—Feb
1
Cleveland & Pittsburgh RR. gen. mtge. bonds—-—-—Dec 31
12-20
12-31
———:——$2.50
Extra
—————_^-7- '
$7.50.
Barnett Nat'l Bank (Jacksonville, Fla.) —
■,
Quarterly
——a,—-$2'.
Brockville Trust & Savings (Ontario) (quar.)
♦621/2C
Brookline Trust ^Mass.)
(quar.)———$3
California Bank (Los Angeles) (s-a)__50c
Calvert Bank (Balti,)
(stock dividend)—100%
Canadian. Bank of Commerce (quar.)
f$l,50
Cargill Trust (Putnam,. Conn.)
$2
2358
1st mtge.
12-31
Quarterly
.
12-18,
K3
7
"50c
$3
$3
—^^
(Charlotte, N. C.) (extra),Increased quarterly 7—_—
ia—
Bank of Commerce & Savings (Wash, D( C.)-r-
1728
I——Dec 28
(Los
Haven
Lo'an
1-
$1.25
(year-end)_____
Waterloo Trust & Saving (Ontario)
Wilmington Trust (Del.) (quar,)_
Extra.
$2
(s-a)_———
(Pa.)
American Trust
Cincinnati
Fathers
Bank
Natl
Quarterly
.
2247
2359
1st mtge. 3 Vas, series
$3
$3.50
(New Haven) (s-»a) 7
American National Bank & Trust (Mobile)-t—
2039
l
i's-a)_
American Bank & Trust
equipment trust certificates due March 1, 1944—Dec 30
Chicago & Western Indiana RR.—
1st & ref. 4V4% bonds, series D, due 1962———-S-Mar
1
Commonwealth Edison Co.,
New
Waterbury
of Reo
12-14
Extra
Holtfen
Payable
12-10
3
50c
_____
States Trust (Newark, N. J.) iquar.)
Wallingford Bank & Trust (Conn.) (quar.)
When
■
thare
(San Antonio)
2247
2 '■(<
redeem. ctmv.' preference stock——__1
&.Trust
Resumed
Companies
Name of Company
2359
6%
Trust
Per,
Alamo Nat'l Bank
3
1st mtge. 3%% bonds, series A, due 1969———_—-Jan
Chesapeake & Ohio Ry.—
30
1%% ser. equip, trust certificates due Feb. 15, 1944—Dec
Colon
and
Bank
7
& Light Co,—•'
Power
United
United
2246
.
Central
Bank
8%
12-20
_____
Union National Bank
The dividends announced this week are:
■
—Apr
_____________
Union &
declared.
1
1
——
Union
12-10
$2
United
.
——
in
1525
bonds, due 1944__
,______Dec 27
1st mtge. series B 5ft bonds, due 1944_____——,—-Dec 27
Atlantic Gulf & West Indies SS." Lines-l
5 % collateral trust bonds due 19591-—'-_il_—____Jan
l
Bedford Pulp & Paper 'Co.,Incr, 1st mtge.' 5s', due 1949,.Jan
Bell Telephone Co. of Pennsylvania—
1;
25-yr, 1st & Ref. 5% bonds; series B, due 1945—,-Jan
Brainard Steel Corp.-—
*
/
i
1st mtge. conv. 5%% bonds', series A; dated 1940—Jan
California Electric Power Co., 1st trust mtge. bonds
1956
Extra
dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week When
2039
1st mtge. series A 4 Vi %
due
second table in
a
■■
.
Atlanta
follow with
we
ord of past
Page
Company and Issue-*Date
American, British & Continental Corp.; 5% debentures
due 1953
:!
—-j.--—
Feb \I
Then
we
hoiaert
12-20
N.Y.)—
Quarterly
Trenton Banking Co. tN, J.)
(s-a>
Trust Co. of Georgiq (quar.i_
show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
which
and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
of Reo,
wneii.
_______
Thompkins
__—
preferred
payable
$2.50
(.Pa.)' (qUar,)___
Extra
grouped in two separate tables. In the
bring together all the dividends announced the
we
share
rer
TF'if-'viiie Trust
12-17
12-17
(quar.)
Fairmount Creamery, common
preferred
4%%
Federal
D.
C.),
__
$1
$2
Tire
37Vac
20c
Rubber---.
&
Galveston-Houston
Co.
——1_—
1-20
1- 3
General
Baking
General
Co—
35c
General Tire
&
12-21 "
12-22
$1.25
(quar.)--
preferred
12-17
Rubber—
,
(s-a)
Public Service Corp. of N. J.—,
preferred (initial) (dividend covers
period from Nov. l to Dec. 31)——-jBrothers, common
4Va %
75c
preferred
Society
,
(s-a)
r—-—
50c
$1.20
25c
68%c
$1
$1
Hook
(quar.)
_
Corp., $7 pfd. (accum.)
_
preferred
v.
-
,
12-20:
12-30
Santa
Sarnia
12-22
12-15
12-22
Portland
Cruz
Bridge Co.
Extra"
Schmidt
12-31
12-15
12-15
12-24,
12-17
12-17
12-17.
12-27
12-17
1-
4
1-4
(quar.)—a———
Fire Insurance (N. C.)
(quar.)..
New .England Ice, class A——.—
preferred A
6%
'
Middlesex
Water,
7%.
,
preferred
Central Nat'l. Bank
1-31
;
12-16
12-29
)
12-22
12-24 t
12-10
1
12-10
12-28,1
Chemung Canal Trust
Chicago Title, & Trust
(quar.)
12-22
1-10
12-23
I
12-20
1-14
1
1
12-23*
1-25
|
12-24
1-15 j
12-31
j
12-20
1-20
1-15
!
12-31
1-15
|
12-31
1- 3
j
12-15 ?
3-15
12-18
Stearns
n 35c
12-29 J
12.-27
12-20
12-20
12-29 t
12-30
12^27
12-30
12-30
partic. preferred (quar.)—.
$1.25
Sterling, Inc.
...
—10c
Stetson (John B.) Co., common (resumed)—,.
50c
8% preferred (accum.).....—$1
Stoney Brook RR. (s-a)—
—
'
$2.50
Super Mold Corp.' (Calif.):, (quar.)— —
50c
Texas Electric Ry. (liquidating)—
—,
$5
Title Insurance Co. of Minnesota (s-a)—a.* ;
$1.50
Title Insurance Corp. (Mo.)
(extra)...
12J/2c
Title Insurance & Trust (Los Ang.) (quar,)f
$1
Title & Mortgage Guar,
(La.)
(year-end)..
$1.25
Tobin Packing, common.....—,
25c
7%. preferred (quar.).—$1.75
1-15 ;
1-15
1- 5
1-20 ;
,12-14 :
12-29
12-24;
12-30
Crocker First Nat'i Bank
12-30
Dallas National Bank (Dallas, Tex.) (quar.) :
12-31
Day Trust
12-20
1-21;
2- 1
12-16
12-10
1-10
1-10
1-10
12-21
12-24
12-24
1- 3
1- 3
12-28
1-15
12-31
12-31
12-31
12-14
12-14
12-14
12-20
12-20
12-10
12-31
(Frederick)
& Co., common
(quar,1). !
5%
,
—
Torrington Manufacturing Co.——i...—
Manufacturing
(quar.)———_——
Association
12-27
Traders
12-9
Union Manufacturing
12-23
12-
United Printers & Publishers—
12-:27
12-29.
1- 3
12-11
1-31
'12-31
2-1
$2
1-20
U.
.,
.—___
12-15
12-
6
preferred (quar.)——;
Upson Co., T/o preferred (quar,)—
12-24
12-
6
Utah
2- 1 )
50c
U.S. Smelting Refining &. Mining— Common
(reduced)
———...—
12-15
1-15 f
1-15 '1
1- 8 i
12-24
12-
12-23
$1.25
75c
12-15
12-11
12-20
12-15
White
12-20
12-15
2- 1
1-15
77a
2-
1-20
5%
,
75c
5c
5V2%
preferred
34%c
Montana
Power
$1.50
(quar.)„__,
Co., $6 pfd.
(quar.)—
Montreal Light Heat & Power Cons, (quar.)
National
Distillers
Products
National
Manufactures
National
Fire
&
Insurance
(N.
?38c
Y.)
25c
15c
——_
(quar.)-.
Stores
Haven Clock, 6Va%
pfd.
(increased quarterly)—
Niagara Fire Insurance (N, Y.> (year-end)-
Special
Northern
(Charles F.)
O'Brien Gold
Ohio
National
:
1-15
2-
1-15
1- 3
12-22
f
$1.50
•:
•.
Co.
Life
Spencer Steel
12-
5
4V2'% pfd.
Wisconsin Gas & Elec.,
(quai\)„
•
12-30 (■ 12-27
12-30 1 12-27
12-30 ; 12-27
1- 1) 12-16
$1
2-10
20c
1-
3
20c
-
1-
12-31-'
;
1-10
12- 8
1-25
1- 3
$1.12%'
1-22'
3
12-31
1-14
12-31
—
$1.75
■
■
—.
Extra
%
First National Bank
(quar.)__
First
(quar.)—
(Atlanta, Ga,)
National Bank of Baltimore
•
**■£
:
Below
1-20
12-31
1-20
12-31
$1
12-31
12-31
$1
12-24
12-20
"
(year-end).
1-
$4c
1-29
25c
12-29
$1.25
1- 3
30c
12-27
$1.25
12-14
12-
12-14
12-
8
1^-14'
12-
8
.
2-
1
1>15-
2-1
1-15
National
National
First
National
(annual)
:
.
,.$2
—
The list does not include
divi¬
'
15c
1-
12-21
8
Allegheny Trust Co.
Extra
Share
12-14
(quar.).
$1
1-
York
First Nat'l Bk.
>
—__
of Philadelphia
(qtiar.)
First National Bank (Ramsey, N. J.) (s-a)—
First Portland Nat'l Bank (Portland, Me.)—
Semi-annual,—
1-
3
;
Monthly
12-31
12-31
12-31
12-16
1- 3
4-1
1- 3
1- 3
12-
$1,50
$4
$3
■'
9-
12-9
12-21,
12- 1
75q
12-27
12-18
$3
:
1-1-44
12-26
$1
1-2-44
12-24-
:—.—
50c
1-2-44
12-24
common
40c
1- 3
40c
4- 1
3-27
40c
1- 1
12-29
$2
12-31
25c
$3
12-31
12-21
1-
3
12-22
1-
3
12-15
'
_———
Extra
——
First National Bank of Pittsburgh,
Common
:—
—
First National Bank (Portland, Ore.) (quar.)
N.
Nat'l
J.)
Bank
&
(quarterly)
Quarterly
Fletcher
Co.
12-27
•
Trust
r
■
—_——
(Indianapolis)
(Phila.)
County Tr,
(Montclair,
:
_i
—
Trust
Frankfort
Trust
,
(s-a)———
$1
(s-a)
$3
Girard
—_:
(N.
Y.)
'
(quar.)
(Phila.)
Hartford-Connecticut
Trust
Hartford
&
12-31
Nat'l Bank
12-27
12-21
Semi-annual'
(quar.)
(quar.)
Trust
.
(New Orleans)
—
12-27
3
12-31
(s-a)__
1-
$3.00
:
Trust Co,
12-21
12-31
$1.75
(Atlanta, Ga.) (quar.)
Extra
Quarterly
:
Co. (Greenf d, Mass.)—
12-31
:
»
■HiiilMil
12-31
1- 3
,
______
First Nat'l Bank (Memphis, Tenn.) (quar.)—
Hibernia "Nat'l Bank
$1
12-23
$1.50
fquar.)__
—
12-18
1- 3
25c
.
(North Easton, Mass) (quar.)
Quarterly
12-15
$20
______—w—
(Conn.) (quar.)_
(N. Y.) (quar.)_~
Quaranty Trust (Toronto) (quar.)
Halsted Exchange Nat'l Bank
(Chicago)—Quarterly
-1—
—
Harris Trust & Savings Bank
(Chicago) —
Quarterly
:
—
Hoiaen
3
$1
Amalgamated Trust &. Savings R^nk
(Chicago) (quar.)
12-14
12-20.
(Cincinnati, O.) (quar.)—
$lVa
12-30
Bank (Dover, Del.) (s-a)j—
$4 ; 12-31'
Bank of Hartford (quar.)—.
$1,50
1- 3
Bank (Jersey City) (quar.$1
12-31
Bank (Kansas City)
(s-a)__
$7.50
1- 3
Bank (Media, Pa.)
(quar,)—
$lVa
1- 3
Bank (Mobile, Ala.) ,(quar,)_
75c.
1- 3
of Reo
When
Payable
■—.—
(Pittsburgh)
12-15'
12-15
Guaranty Trust Co.
Per
3
3-20
12-16"
1- 1
Glastenbury Bank & Trust
Name of Company
12-30
50c
National Bank of New
Fulton Trust
week, these being given in the
Bank and Trust Companies
3
12-31.
12-30
12-21.
——_—
Franklin
preceding table.
12-22
12-22.12-24.
First Natf, Bk. & Trust Co. (Oklahoma City)—
i-15
12-10
$1.121/2
(resumed)—.
this
12-21
1-1
12-24
12-24
12-29
$1,25
announced
paid.
12-20
12-15
Bank
Nat'l
First
First
12-20
1- 3
1- 1
1-1
give the dividends announced in previous
weeks and not yet
dends
$1.31 Vi
we
■
1- 3
.1-3
12-28
12-30
12-31
1- 3
1-1-44
12-30,
$1
V/2
,$6
$1
$1%
$1V'212-30
25q
4-1
50c
I- 3
50c
1- 3
_:
'•Extra^
12-18'
1-3
1- 3
Extra
First
12-11
(Binghamton, N. Y.) (-a)
$3
(s-a)__:
$1
(quar.)$2.50
Bank
Nat'l
1-.15
12-31
.
Extra.',,
Fulton National Bank
—
Co. (Md.)
(extra)—
(Bait.)
(s-a)
Fifth Avenue Bank (N; Y.) (quar,)^_____*
Fifth Third Union Trust Co. (Cinn.) (quar.)
Fidelity Title & Trust (Conn.) (quar,)_._„_
Trust
Semi-annual
.
50c
.
First
2- 1 '
$37y2c
(quar.)
(s-a)
Fidelity & Deposit
Fidelity
$2
$3
$$2
(quar.)
Y.)
12-31
$20c
j
—
preferred
(Halifax)
Co.
lrl5
12-31
1-14
6%
12-22
$1.50
(resumed)
Trust
12-15
2- 1
—
1- 3
1:20c
(quar.)
common
(Fall River)
Loan (Halifax)
1-25
12-31
1-14
Ltd.,
Extra
12-22
1-15
$1.50
Young (J. S.) Co., common (quar.)•
(7% preferred (quar.)
1
Zeiller's
(B.M.C.)
•
________
12-24^
First Nat'l Bank (Palm Beach)—
1-15
12-13
8%
(quar.)
12-16
12- 9
,
1-3-44
1* 4
$l'/a
-t$lV2
First
12-29
$1
(year-end)—J
sh. for each 12y2 shs, held
Stock div. of 1
Y.)
12-17
11-15
12-16
12-30
.
Federation Bank & Trust (N.
12-15
12-24
$1.75
Insurance
Eastern
1- 3
1- 3
12-30
40c
First^National Bank of Chicago
$3
$3.50
preferred (year-end)—_
(year-end)
—
—.
Wickwire
1- 3
1
$1.37J/2
Mines, Ltd.
(year-end)-
common
6%
"
,
$1.25
12'V2c$7
(s-a)
First National Bank of Boston
1- 3 ; 12-24
1-17 '
2-15 )
1-17
2-15 ;
12-22 ) 12-14
12-20
12-27
30c
$1.75
,
'
Common
4
.12-31
(Roanoke, Va.)
F(irm pie, $5 "A" partic. pfd, (quar.)-
Extra
Class B
12-
1-10
Old Dominion Fire Insurance
Orchard
12-27
3
12-30
Northwestern Bell Telephone (year-end)
Northwestern Nat'l Insurance (Milw.) (quar.)
Noyes
12-31
1-
12-31
-
(Dei.)
preferred '(accum.)
preferred (accum.)
yOgden Corp.
1-31
12-15
$2
Northern States Power
Trust Co,
1- 3
(s-a)
—.
$ll/s
(quar.)J$2
12-31
Public Service—
preferred (quar.)
6% preferred (quar.)
5¥2% preferred (quar.)
7%
Wichita Union Stock Yards—.
$1.50
(s-a)
1%
6%
1-12
$1.75
(quar.)
——
—
Indiana
2-25
$1.62y2
New York Telephone
Northern Central Ry.
2nd
1
2-
50c"
(quar.)
(accum.)
(year-end) ......
preferred (quar,).
....
preferred: (quar.):
.j.—
Villa Grocers:, 6% preferred (quar.)—
1st
3-1
(N.
First National Bank
Common
White
15c
(year-end)
Norfolk & Western Ry., adj. preferred
North Texas Co
2
50c
(Hartford)
New
-
12-17
1-3
1-3
1- 3
25c
(Chicago) (quar.)_«
12-31
Mineral Springs—
Rock
12-17'
20c
30c
Quarterly
•.
1-15*
;
,.
Bank
Durfee
12-30 ;
—.......
12-17
1- 3-
,
Canada
of
Eastern Canada Savings &
$4
Year-end
(San Fran.)
12-14
First National
Washiqgtori Baltimore & Annapolis Realty—
1-14*
,
(Cambridge, Mass.J—
(Boston)
Trust
First National
(quar.)
(quar.)
Dunkirk
1-15
12-15
Bank
12-20
Co.
National
12-17
1-3
(Hawaii)
Drovers
2- 1 •
12-23 f
——j—
prior pfd. (annual)—. ;j
12-24
1-1
.
50c1 "■
„•
50c
Bank
Dominion
20c
$7
Sugar
$1.50
Industrial
1-4
12- 9
First National
Vertientes-Camaguey
Waltham Watch, 7%
■'.'.
,
12- 5
(quar.)
1-14*
20c
.
,
■
12-15
12-10
Plan
Extra
12-15
12-31
Mlutual Telephone
12-24
_'————$1
Extra '
6
1
—
Special
County Trust Co. of Maryland (annual)^-^.County Trust (White Plains, N. Y.) (quar.)
————$1
,
Y.)
Semi-annual
.
'
$1.75
Morris
4
First
87J/2c
$1,75
.T/o
Hotel'.—'
2
3-
:
'25C'
—...—:
12-
1
12-
1- 3 * 12-20
12-27 I 12-20
1-15*
2- 1 ;
25c'
25c
(N.
Quarterly ;
Exchange Nat'l Bank & Trust (Phila.)-~
12-22
,
Y1.)"(quar.)
Trust, Co.
Quarterly,
County Bank & Trust
1- 1 , 12-31
1-3 ■>. 12-20
1- 3 • 32-20
12-31 - 12-20
1-8
W5 j;
12-31 : 12-23
12-10
12-21
50c
■
12-17
■
1- 3
&
■
<
preferred (quar,)..
1.—/
Holding (year-end)...
industrial Chemical, common (quar.)—
'Extra
,
;
conv.
S.
U. S.
'
1-25
Building
v
Bank
Corn
'
12-14
,
50c
$1.50
$1
37J/2C
..
(quar.)
1- 3
9
3
,
.
Towle
12-23
$1.50
32-22
40c
25c
(quar.)_
1-3
1-3
(Kansas City)—
quarterly ;
40c
—:
1-31
(quar.)__
12-31;
$2
$2
,
Trust
:
12-15
—
12-20-
1-1
—————
12-10
Society, class A
1- 3
$1
(Columbus, Ga.)
-—
Increased
12-20
J
Standard Wholesale Phosphate & Acid Wks.—
12-31
common—
Quarterly
Commerce
I
20%
each 5 held—
sh, for
25c
Loan
25c
Columbus Bank & Trust Co.
Common
7
12-22
12-28
......——' 50c:
■
dividend oM
Weinberger Drug Stores (quar.)
—, 12yac
West Penn Electric,, 6% preferred (quar.),$1.50
7% preferred (quar.)———.——
:
$1.75
Western Ry. of Alabama———$4
Western Reserve Investing, 6% pfd. (accum.)
$6
B
15c
$2
Year-end
1-
B
1-5
Class
:_
12-23,
12-24,
12- 7
3-11^
12-20
(quar.>__—
Commercial Nat'l Bk. & Trust (N.
1-15
Monroe
(quar.)
1- 3
1- 3
4-1
1- 3
—
,
.
.
1- 3
12-18
•
$1.50
-
(Pa.)
Continental
40c
Mississippi Power & Light, $6 pfd,
Trust
Extra
2-15 J
:
12-20,
/
.
$1.50
15c
(Conn.) (quar.)
Quarterly
■
■
12-20
$1,50
Nat'l Bank
Citizens & Southern Nat'l Bank (Ga.)
Clearfield
12-21:
12-31
■
Quarterly
Citizens,& Mfrs.
12-20
1-28
—
4
12-31
Spencer Kellogg & Sons—
Stock
12-15
12-15-
"
30c
12-17
51c
common-
1-
.
Citizens Commercial Tr, & Savs. Bank (Cai.)—«
12-15
12-30
,
Semi-annual
12-21 1
1- 3
A
1-5
12-16
Class
12-20
1-3
1- 3
1- 3
1- 3
1- 3
City National Bank & Trust (Columbus, Q.)—v
12-28
.
$1
12-22
,
1
12-31
12-22'
12-30
40c
I
$
1-1
12-22
■■■■
12-1T
12-24
1- 1
'
1$1
45c
$lVa
$1%
(quar.)
(Elmira, N. Y.) (s-a)
12-24
12-21
.
$lJ/2
Y.)
12-14
$1,50
$5
$2
7%
(N.
12-22 i
% 1-28
Class
Chemical Bank,& Trust
12-1'
12- 1,
12-21
4
,
—
—
I 12-22
3 "•
1- 3
1-3-44
50c
,
Central National Biink
50c
51c
preferred (quar.)
Minneapolis Power & Light, $6 pfd.
Minnesota Valley Canning, 5% pfd.
(Richmond, Va.) (quar.): :
(iVilmington, Del.)—
Quarterly
,J.
Central-Penn,National ^ink (Phila.) (quar.)
Central Trust, (Cincinnati)
(qUar.)
„i.~Chartered Trust & Executor (quar.)
'
12-16
-
w
$1
12-23
$1.25
_
(N. Y.)—
'Quarterly
-
1-15
1- 3
12-23
40c
1- 1
...
12-21
r
25c
50c
.i s-'k
O ii;
4;$$?
*! ;•'
(Portland, Me.) (s-a)
Central Hanover Bank & Trust Co.
'
12-11
!'■
1- 2
-
'."..It 3
(quar.)
12-29
50c
—
'••Ont.)
50c
-'a;-. ;"V50c; >
'■',, Extra
Bank & Trust
6
—
■
50c
$3.50
—
(s-a)_ku_
(Hartford)
Semi-annual
12-24
Southern
50c
A
$2
12-16
12-30
Southern
50c
—
Trust
&
12-221
1-2
12-31
Petroleum-
certificates
Bank
3
12-28,
12-24
(s-a)——
Stock
Nat'l
12-31"
12-15
3
1-
12-
12-15
j
1-
12-30
1-15
(year-end)———
Voting trust certificates A (year-end)-—
Midwest Piping & Supply (irregular)
Millers Falls, common (quar.)
Middle States
Capital
12-21
■
Extra
Canal Nat'l Bank (Portland; Me.)
12-31
12-14
12-21
2
1-3
12-31
Central Canada Loan & Savings Co. (Toronto,
3
1-
;$2.50
1-1
;
12-18r
30c
(s-a)
12-20
$1.75
37Vic
37y2c
37Vic
——
12-15.;
1-3
—$3
(Conn.)___
12-20
1-
$1.25
California Edison, com. (quar.).—
Southern California Gas, 6% pfd. (quar.)—
Trust
12-31
12-23
—_——...—,
preferred (quar.)
7%
&
12-31
1- 3
25c
Southern
Bank
Calvert Bank of Baltimore
12-28
Southern Bleaehery & Printing Works—
1
Brooks
5
$1.25
$1
12-15
12-31
.
12-22
12-18
12-
1-
I
12-20
12-30
20c
,
Casco
'
10c
5c
Shippers Car Line, 5% preferred (quar.)—
$1.25
Silbak Premier Mines, Ltd..
—$2c
Solar Aircraft, 50c conv. pfd. A (s-a)——
25c
12-15
12-15.
12-30
___
12-30
12-29
12-20
12-21
Banking & Trust (Wilson, N; C.)—
■Quarterly.
__:J,
—__—$2
British Mortgage & Trust (Ontario)
(s-a)__
•' 4$4
Brooklyn Trust Co. (N. Y.V (s-a»__k__—" ;
,$2
2-19
12-29
Shareholders Corp.
3
$1.50
12-22'
—
3
12-21
1-
,4%
■
Semi-annual
12-22
80c
5%
3
1-3
Boatmen's Naf'l Bank of St. Louis (quar,)__
62Vic
10c
37,/aC
Extra
1-
Branch
5%
5%
12-21
12-16*
12-16*
12-30
%
(Reading, Pa.) (s-ai__
Caiial Nat'l Bank (Rhode Island) —
County, Trust
Blackstone
12-20
preferred (quar.)...——
Security Storage (Wash., D* C.) (quar.)—_
Shaffer Stores, 5%
preferred (quar.)*——_
Shakespeare Co.
;
12-15
12-30
1- 3
3'/a %
• 4%
_____
12-27
1-10
Brewing
1- 3
12-15
1-31
1-31
$1
—
Berks
preferred A (quar.)—
—
Securities Acceptance Corp., com. (qUar.)—
6%
preferred (quar.)
_
Securities Investm't Co. of St. Louis, common
12-15
1-
12-16
12-10
3
1-
35c
(quar.):
12-27
pfd. (quar.)—
$1.25
(year-end)——— •
5c
Scruggs-Vandervoort-Barney, Inc.—
6% 1st preferred (s-a) —.—...—$3
1% 2nd preferred (s-a)—,—
$3.50
Seaboard Commercial, common (quar.)—
15c
Savannah & Atlanta Ry.,
2-28
Y.)
,12-28
25c
—50c
15C'
Cement
(initial),.:
—
■
(N.
Barclays Bank Ltd!, class A (year-end)
Class B (year-end)
Preferred (year-end)
•
3
1- 3
$1
Bankers.Trust Co.
12-30
12-2?
l'2-22
3 2-24
-
"50c
Extra"
;
1-20
-.1-10
'2o-
(year-end)—,—•
(quar,),k-J^_l.-___--l._-k.
Bank of, Yorktown
12-23
3
3
1-
$$2V^
$3
20c
(quar.)___^
12-24
12-24
T-10
$2
$1
8c
•,
11-
806
$3.50
Y.)1 (s-a)
(N.
12-20
(quar.)„:
common
1- 3
:
12-23
,12-23
Co.,
12-15
40c
6
:
12-23
50c
$6
$15c
$5
$1.50
'1-15
12-20
1- 3
1- 3
$1.75
$1.75
Maloney Electric, class A (resumed)--—
Class B (resumed)—~——
———
Manning Maxwell & Moore—
—_■—
Marsh (M.) & Son (quar.)—
McColl-Frontenac Oil, common (year-end)—
McCrory Stores Corp., 5% pfd. (quar.)——
McLellan Stores, 6% preferred (quar.)—
McLeod Building (resumed)—
j—
'
Metropolitan Advertising Co, (year-end)——
Michigan Cities National Gas (s-a)—,
Middlesex products (quar.)————
•
12-15
(quar.) )_,„^_^»__i.-_
Port Jefferson
of
12-15
(Richm'd, Va.)—
Bank of the, Manhattan Qo.
12-21
12-29
12-30
J 2-1
12-28
1-15
1- 3
J55c
Button
Sangamo.CQ., Ltd.
12-24
12-22
,
Bank of Nova Scotia
Bank
.
,
12-31
.
1-25
"'12-15
1- 3
: 1- 3
12-31
•
1-20
12-
:
.
$1.20,
.* V; ":$I.
New^'York ,(quar.)_L:_;._'-;-_^___-_
of
*
12-31
12-15
1-3
10c
Extra '
'Bank
12-3
1-20
3-1
1- 3
1- 5
1-15
2-1
2-1
12-18
12-31
12-29
12-29
60c
-
12-23
12-29
$3.40
—
12-21
12-28
250
.
-
—
12-17
12-24
25c
$1.25
.
12-24
12-28
50c
,
12-20
12-28
12-24
1- 3
25c
$1-50
17J/2C
25c
$1.25
; 40c
25c
$1.50 conv. preferred (quar.)———
37%e
Root Petroleum, $1.20 conv. pfd. (accum.)—,
$1
Russeks Fifth Avenue (extra)-J.—
'
25c
St, Croix Paper (quar.)$1
St. Lawrence Flour Mills, common (quar.)—
$35c
T/o preferred
(quar,)...———
$$1.75
Sanborn Map (quar.)
—.————
$1
1-5
1- 1
$1.13
$25c
^
Rochester
12-31
1- 3
1- 3
2-15
1-15
1- 3
12-24
—
& Tel., class A (quar.)——
(quar.)_
I—1
;5%
preferred (quar.)
Longhorn Portland Cement——
Loomis-Sayles Mutual Fund (year-end):
;
Second Fund (year-end)
Mabbett (George) & Sons, 7% 1st pfd. (quar.)
7% 2nd preferred (quar.)_—
Magor Car Corp.——
———
Mahon (R. C.) Co., $2 pfd. class A (quar.)
Maine Central RR., 6% prior pfd. (accum.)
Extra
1-18
1-14
(s-a)—,:20c
Quarterly;
,
—
12-15
1- 3
——
B
12-15
2-15
2-1
2-25
,12-10
1-1
■
1-15
50c'-
;
'
Bank of Commerce & Trusts-
■
12-20
''',3-20
12-20
3-20
,
;
,
'Sem'i-ahnual
$2 cohv. preferred-(s-a)'
12-17
50c
.
12-28
12-22
12-31
12-28
'.1-15'
.
.
Lincoln Tel.
12-18
1-10.
1-3
12-30
;
__
Class
12-16
12-27
1-28
1-15
.
—
12-22
12-30
1- 3
12-27
Kearney (James R.), 6%. preferred (s-a)—
75C"
Common
(quar.)—----.—. ■\12,/2C'
Kellogg Switchboard & Supply, common—
15c
5%
preferred (quar.)—
$1.25
Kentucky Utilities, 6 % preferred (quar.) —
$1.50
Keyes Fibre Co., 6% prior preferred (quar.).
$1.50
Kinney Manufacturing Co.——:
___—
$1
Klein (D. Emil)
(extra)———
5c
Knapp-Monarch, common
_.r-_
,•■ ■
,20c
Special-———,
'40c '
Lafayette Fire Insurance (New Orl.) (s-a)$1.50
Lane Company (quar,)———.—.—--25c
Extra
'.
-'"50a,
Lenox Water <quar.)_
$1.25
Liberty Loan Corp., class A (quar.)
7J/2C
Class B (quar.)
7V2C
$3.50 preferred (quar.)
:
—:
i;
87V2C
Lincoln Nat'l Life Insurance (stock dividend)
40%
—
12-22
■12-15
l",®.
preferred (accum.)----—
Imperial Life Assurance (Canada) (quar.)$$3.75
Indiana Gas & Chemical—.
10c
Inter-Mountain Telephone, com. (year-end)
40c
6% non-cumulative preferred (year-end)40c
International Match Realization (liquidating)
$23
International Milling, 4% preferred (initial)
!
$1
Interstate Telephone, $6 pfd. (quar.)——
$1.50
Investors Mortgage (Bridgeport) com. (quar.)
15c
7% preferred (quar.)
;
$1.75
Iowa Electric, 7%. pfd. A (accum.)
——.
43%c
6V&% preferred B (accum.)—
—
40%c
Inland Creek Coal, common (quar.)——50c
$6 preferred (quar.)——
.
$1.50
Jeanette Glass, 7% preferred (accum.)____
$1.75
Jenkins Brothers-Founders shares (year-end)
$2
Non-voting common (year-end_ •
50c
7% preferred (quar.)—.
.
i
$1.75
Johansen Bros, Shoes——■
5c
Julian & Kokenge Co
■
50c
Kansas City Title & Insurance (s-a)
$2
Kansas Power Co., 7 % preferred (quar.)—
$1.75
; $6 preferred (quar.)__—*
:—$1.50
Kawneer Co.
:
————-i—
10c
$7
—
12-20
n
$$1.25
—
—
:
$3
(quar;)____25c
Henkel-Clauss, common :(year-end)_______,.
$1
$6 preferred (quar.)_
_—$1.50
Hibbard Spencer & Bartlett (year-end)____
70c
Higbee Co. (initial)
75c
Home Dairy, common (initial)
15c
Home Gas & Electric, $6 preferred (quar.)_
15c
Home Title Guaranty (Brooklyn).
10c
Drugs (quar.)
Hussman-Ligonier, 5 Vi %
12-31,
12-29
J- 1
12-23
12-23
Harrisburgh Hotel
Haverhill Gas Light
Hutchins Investing
1-13
12-28
'
conv.
.Babylon Na't'l Bank
TrUst (s-a)_„"—$5t
Bank of America Nat'l. Trust & Savs. Assn.--- '
^
preferred (monthly)—_J——
—!
Purolator Products, $4% preferred (quar.)—
Quebec Power '(quar.)—u—
Ray-O-Vac Co. (quar.)__.i—
—__
Reading Gas (Pa.) (s-a)
Reinsurance Corp. of'N. Y.
(year-end)— Reliance Electric & Engineering, common—
$5 conv. preferred (quar.)^
Reserve Investing Corp., $7 pfd. (accum.)—
$7 preferred
(accum.)...,
*
—
Rhode Island Electric Protective (quar.)—
Richmond Fredericksburg & Potomac—
■
6% gtd, preferred (participating).:
T/o
gtd. preferred—
Rickel (H. W.)
(s-a)———
.12-27
1-21
1-31,
;
(ijuar.)
Extra'
.
■
$2
—
6%
12-15
1- 3
2^ 1;
1- 4
1-15
$1.50
(quar.)—'
——
Greenfield Gas Light (quar.)—.
Group Corp., 6% preferred (accum.)
Guelph & Ontario Investment & Savings
6%
1-10
1-25
.
'
12-21
If"®*
15c
Goderich Elevator & Transit (year-end)—$50c
Gotham Hosiery Co., 7%
preferred (quar.)$1.75
Graton & Knight Co.
(year-end)
—j-j$1
Great Lakes Power, 7% preferred (quar.)—
$$1.75
Great Lakes Towing (year-end)_.
$5
Green (D.) Co., common (year-end)..$3
Gimbel
'
,
—-——
Providence Building Co.
'
*'
'
(Sah Fran.)—
preferred (quar.)
Atlantic'National Bank (Fla,)
4%
■"
"
•
1- 4
12-30
'
12-20'
$1
1-3
$1U 3
■''$!■■. •' 4" 1
15c
12-31
15c
3-31
-
Ahiexlcan Trust Co:
4
f
'
(quar.%
Orl.
(New
Quarterly
12-30
12-18
| 12-15
| 12-25
12-24.| 12-21 ;
1- 1
1- 3
1-18 1
12-30 |
$1.25
•
:
(quar.)—__i.
Class A & class 6 (stock dividend) three
shares of class B common for each i00
shares held
——1~----
Trust
share
.
Extra
12-28 ]
.
&
Quarterly
American National Barik (Nashvilii)
i 12-31
' 1-10 1
20c
preferred
| 12-21
American. Bank
When Holiere
Payable of Ree.
per
,,
Name of Company
of Reo,
1- 3
50c
•
—
Insurance
5%
Prosperity Co.,
;
(quar.)
(extra)——
Accident
Preferred
1-18.
12-28
Pocahontas
Pond Creek
•
12-22.
Hofcferi
| 12-30
| 12- 7
,
——-
1- 5
?"„*
preferred
,
1-15
12-17
1-15
~
$1
—-—,
(quar.).$1,3.1 J/4
Pick (Albert) Co., common (year-end)—; 25c
$1 preference (s-a)——
50c
Pilot Full Fashion Mills———
10c
Plainfield Union Water (quar.)———
$1
12-31
1-25
12-27
'
5%
(quar,)__^—50c
(year-end)..
25c
5'/4%
Phillips Packing,
12-11
12-24
Electric Co.
General Industries,
r
(year-end)$1
——15c
Investors
American
General
When
PayaUe l
Pan-American Investment Fund
12-31
1-15
1-15
1- 3
1- 3
50c
$1.50
6%
preferred (quar.)
—
Filing Equipment Bureau, 4% pfd. (quar.),.
Finance Co.
of Pennsylvania (quar.>_--_—Firestone
Pacific Gas & Electric
12-18
Panama Coca-Cola Bottling-.
,V—1——-----
common
12-18
(Wash.,
.Corp.
Finance
Name of Company
of Ree.
iPav'ble
25c
1-3
$1V»
1-3
(quar.)
Services
Per
thare
Holdert
When
Per
Share
Name of Company 1.?'
Monday,1 December 27, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
2614
1- 3
$1.75
4-
$1.50
50c
$1
$3
12-31
1
3-31
1-3
iC-20
1-3
12-15
1-
3
12-10
1-
3
12-
8
12-15
$$1.25
1-15
$1V2
1- 3
12-29
$3
75c
1- 3
1-3
1- 3
12-18
12- 2
11-24
50c
1-3
12-15
50c
7- 1
6-15
25c
Volume
Extra
(s-a)—
(Ontario)
-
Liberty
1" 3
12-21
1- 2
12_15
1- 2
12-15
12-14
12-24
(quar.),,
$1.50
(Buffalo, N. Y.)_
(Newark, N. J.)—
20c
12-31
iquar.)
Bank
National
—
1- 3
1- 3
(N. Y.j
Irving Trust Co.
$1
' $$1
*50c
15C
—
-
& Trust
Mtge,
—
(Chicago)
Lincoln-East Side Nat'l Bank
Resumed
;
Bank
National
Lincoln
Lincoln
Manufacturers Trust Co. (N. Y.I, com. (quar.)
$2
preferred
conv.
■Increased
(quar.)
quarterly
.
—•
Exchange
;
(Milw.)—
Bank
& Farmers Bank
Merchants
Bank of New Yoik
♦
Extra
Extra
(Mobile)
Bank
v
(quar.) ^
Newark
&
Mercantile
Nat'l
(Chicago)
(quar.)_„,
(N. Y.)
(s-a).
..
City & District Savs. Bank (quar.)
Montreal
".Extra
•.
■
,■
Extra
.'
.
(quar.) J
National Bank of Commerce (New Orleans)^—
:
National
National
Trust
&
of /Germantown
Bank
50c
Detroit:,.
of
(Phila.) (s-a)
National Boulevard Bank of Chicago
National
Capital Bank
National
Marine
Bank
(Bait.)
National
Safety
Bank
&
Co.
■.
semi-annually
Increased
Northeast Nat'l
1-4
Pacific
$2
$2
$1
(quar.)
(Hartford)
Street Trust
Park
—
Peoples National Bank of Washington (Seat¬
tle, Wash.) (quar.)—————25c
*'
25c
(quar,)—40c
National Bank (quar.).
$1.25
Quarterly
Peoples-Pittsburgh Trust
Philadelphia
Phoenix
Bank
State
;
.—
Bloch
12-16
Blue
12-17
Blue Top
American District
American
12-31
12-14
12-24
3-24
12-17
12-17
■
12- 7
12-23
Puget Sound Nat'l Bank (Tacoma) (quar.),,
Bank & Trust (N. Y.) (quar,)
25c
$2(4
12-30
12_24
1- 3
,
Rensselaer Co.
Safe Deposit—
Rochester Trust &
"
;
American
.
preferred (quar.)
Common (quar.)
'
50c
75c.
$5
Deposit
—
South
(quar.)
(Houston)
Quarterly
Quarterly
Quarterly
.
'
Quarterly
Southlngton
'
,
Bank
Extra
Trust
Co.
J.)
25c
Sussex Trust (Lewes, Del,) (s-a)'
Extra
i.™
,,
of
Albany
Textile
Banking Co.
Toledo
Trust
Toronto
(quar.)
Corp.
,
Torrington Nat'l Bank & Trust'. (quar.)
:
Underwriters Trust Co.. (New York) ,(quar.)
Union
Bank
Trust
&
Ala.)—
(Montgomery,
Union Natl. Bank
Union
&
Union
Trust Co.
Haven
Co.
Trust
U.
S.
(quar.)
,v
United
(quar.)
(Pittsburgh)
Trust
(N.
Extra
Trust
Semi-annual
(R
(quar.)_,
-(quar.)
Y.)
I.)
(quar.)
Trust
Bank
Industrial and!
Laboratories,
Abercrombic .&
Aero
Casualty
4%
Fitch,
Supply Mfg.,
Aetna
1- 3
1- 3
1- 3
1- 3
12-31
1-3-44
&
———
——_
(quar.)—.
—_
—
—
News
American
Optical Co:
American
•
414%
Common
12- 3*
12-15
—
———
American Water
: $6
Zinc Lead
12- 4
12- 4
30c
1- 3
1-3
1- 3
12-14
12-14
12- 4
20c
1- 3
12-4
20c
•
12-31
12-24
3c
1-15
12-31
$$1%
1- 3
,11-30
prior
preferred
Metal
Ampco
Inc.,
Alabama
Power, 6% preferred (quar.)
preferred (fiuar.)
7%
Power
Co.
&
&
Arundel
Light,
(quar.)—_
$6 pfd.
(quar.)—
Corp,'Ltd.
Autocar
Corp.
Insurance
6%
7%
Co.
12-31
12-15
12-15
1- 2
12-29
1-15
12-20
12-23
12-31
Bankers
1-15
12-31
Bankers
$l»/2
$l3/4
1- 3
1- 3
12-10
12-10
Barber-Ellis
$3.80
1- 3
12-15
Barker Bros. Corp,
preferred
12-29
12-20
12-29
12-20
1-15
12-20
1-15
1«
12-20
1
12-24
12-31
12-24
3-31
3-24
1-15
12-20
3
12-15
12-31
12-16
12-31
12-16
12-29
12-15
1-
1-
1
12-15
1-
1
12-15
1-
3
12-
1-
3
12-20
$25c
15c
(quar.)—,—
3
1-15
12-31
1-
3
12-17
2-
1
1-17
1-15
12-27
1-
3
12-15
3
12-15
1-
3
12-15
1-
3
12-17
$1.25
1-
3
$1%
1-
3
12-15
115c
—
(quar.)——
preferred (quar.),
Ltd, (quarl)
—,—
7%
1-
$lJ/4
$1.25
'
1-
3
\ 12-15
CoTp.—
(quar.)
——
Bldgs, 7% pfd. (accum.)
Co, 6% preferred (quar.)
Ltd,
Systems,
preferred
(P.
75c
—
—
(quar.)——_—
B
Co, 5%
H.)
conv.
preferred B
non-cum.
12-
12-28
12-28
15c
12-15
1
1-
3
3
12-10
3
1-
$1.50
1-
3
12-17
$1
1-
3
12-24
15c
(quar.)
common
12-20
12-
50c
—
Steel
5V4%
conv.
Callite
preferred
(initial)
—
Corp.——,,
(s-a),.
Canada Bread Co, 5% pfd, class B (quar.)
Tungsten
1st
;
;
—
——
(quar.).,
Canada Northern Power Corp, com. (quar.)
7% preferred (quar.).
——_——
5%
1st preference
sinking fund
Canada
Packers, Ltd.
Canada
Permanent
Canada
Starch,
(quar.)————
(quar.)—
Mortgage
common,,,—
—
5(4%
Southern
1-
3
12-24
12
20
31'/4C
1- 3
3iy4c
1-
3
12-20
$2.50
1-
6
12-30
$1.50
1-
6
12-30
$3.50
1-
6
12-30
$1.32
12-15*
1
1-
10c
1-26
12-30
75c
1-
3
12-15
t62y2c
1-
3
12-13
1-
3
12-13
130C
12-27
12-10
120C
12-27
1 $ 1 ®/4
12-27
12-10
115c
1-25
12-20
1$1.75
1-15
12-20
t $1.50
t$l
1-
12-10
1
12-
3
1$2
1-15
J $3.50
12-15
It 3
150c
1-
8
2-15
5%
cum.
1st
non-cum,
12-
4
1- 3
12-20
12-20
4-22
4-12
1
1
11-15
1
1-10
2-
1
i$iy4
2-
1
1-10
112»/2C
1-
3
12-15
125c
1-
3
12-15
(quar.),,
common
(quar.)
—
rights
preferred (quar.)—
———
—
preferred (quar.)
—
Ltd. (quar.)——_
Canadian General Investments, Ltd.—
Registered (quar.)
Canadian Indemnity
(s-a)
Canadian Industries, class A
Canadian General Electric
B
—
—
1- 1
11-23
Canadian
1- 3
1-3
12-10
6(4c
7 (4c
1-
12-31
12-31
7%
-
(quar.)
—
12-10
12-10
Capital Administration Co,
series A (quar.)
Capital Wire Cloth & Mfg., $1V4 pfd. (quar.)
Carnation Co, common (s-a),
preferred (quar.),
63%c
1- I
3
12-
3
4%
12-31
12-15
3
12-20
1-
1- 2
11-30
1-
3
12-
1$2
1-
3
12-15
1
115c
1-15
12-31
3
12-18
i$iy2
12-27
12-16
i$iy2
12-27
12-16
1$134
1-15
12-15
1-
12-24
1-
5
1$2
1-
3
12-15
2%
2-
1
12-31
t37y2c
1-
3
12-
150c
1-
3
12-15
1-
1
3
12-10
12-29
12-16
10c
Co
12-31
12-21
12-
3
50c
Shoe
12-29*
3
1-
12-28
—
Co.
Cannon
1-15
1-
37y2c
—
(quar.)
Mills
1-15
12-17
t$iy2
Wirebound Boxes Ltd.—
class A
$l1/a
Ltd.
Co.
Cannon
$1
12-31
12-31
Canadian
12-10
$$1%
12-17
3-15
$$2
$134
12-31
12-31
t$l
150c
(quar.);
$1(4
12(4c
12-17
125c
Foreign Investment Corp.—
Canadian
Canadian Westinghouse
12-18
12-21
12-31
$2
12-28
12-31
1-10
125C
(quar.)
12-18
8- 2
10-30
12-15
153C
(s-a)—
Insurance
6
8-16
12-15
150c
preferred (quar.)
————Light & Power Co. (s-a)
——
Canadian Oil Cos.—8% preferred (quar.) —
Canadian Pacific Ry, 4% non-cum. pref—
Canadian Silk
Products Corp, cl. A (quar.) ,
11-16
12-15
3
1-3
$$iy2
(increased quar.)
preferred (quar.),.
Canadian Converters, Ltd.
Class
3
1-
t$1.75
—
6%
8%
1-
115c
15c
——
Canadian Cottons, common
1-10
15c
(quar.)—,
'——
Canadian Food Products
12- 4
12-
A
:—
12-20
3
185c
$37 y2c
class
partic. pfd. (quar.),
Ltd, common (quar.) —
-12-31
2- 1
1- 3
preferred (quar.),
common (quar.)
—
Canadian Fire
1-
12-10
preferred
12-13
1-3
3
Extra
12-24
1-5
12-18
12-14
1-
————_———
conv.
Celanese
Canadian
1- 3 N
2-1
1-1
(accum).
$37 y2c
preference
Participating
2-1
12-28
1
12-28
Canadian Car & Foundry,
7%
1-15
12-
1
Ltd,
Ltd,
Canners,
Participating
60c
3
2-
(quarJ—,
preferred
Canadian
5%
Co,
Bronze
8
1-
t$iy2
Boxes,
Canadian Breweries, $3.40
Canadian
2-
t$iy4
Co. .(s-a)
Ry.
Wirebound
Canada
Founders
pref. (S-a),
7%
Canada
————
preference—
5%
Ltd.—.
$3 preferred,
Corp.—
partic. preferred (accum.)
Canada,
(s-a)—
Lines,
Steamship
1-1
$1(4 ~
(quar.)__,,_
preferred
1-28
12-30
20c
common,
7%
Canada
12- 4
$5
Investing Corp,
of
12-27
$1.50
(quar.);
Distillers
Terminal
3- 1
Securities
Co.
1-3
$1.50
—
Company
12-31
$2(4
preferred (quar.)
National
1
12-23
California Electric Power—
12-4
4c
1- 3
6%
12-1
$2(4
(accum.),
Extra
6%
12-31
37(4c
37(4c
Backstay Welt Co. (irregular)
!__
Bangor & Aroostook RR, 5% pfd. (accum.)
Bangor Hydro-Electric, 7% pfd. (quar.)
6%
11-30
12-1
25c
(Hartford) (quar.)
(quar.)
1- 3
12-14
12f
3
1-
):50c
(quar,)—,
A
(quar.)
common
Products,
Burlington
12-17
12-30
12-31
$1
(quar.)
(quar.)
(J.),
Corp.
12-14
12-31
50c
12-17
12-27
25c
(year-end)
7% preferred
preferred (accum.)
preferred (accum.)
BancOhio
12-27
75c
(quar.)
& Sons
preferred
3
I $1.50
(quar.)—
preferred
Bullard
12-17
62(4c
Extra
(B. F.)
class
50c
(quar.)
prior pref. (quar.)
pfd. A quar.),,
conv.
$3 preferred
Products
Automobile
Bancroft
12-27
40c
Co,
1-
t25c
,1
$2(4
City .Fire Insurance
Automatic
Avery
12-20
$3(4
common,"
,
4%
1-3
$2(4
(quar.)
(s-a)
Atlantic Refining,
3
Power & Gas Co.—
Paper
Durrell,
Building
12-10
37(4c
$1(4
$1(4
'
Manufacturing, 7% preferred (s-a)___
Atlanta Birmingham & Coast RR.—
Atlantic Rayon Corp, $2.50
1-3
t20c
(quar.)
__i__
Athol
Atlantic
12-15
50c
(year-end)
preferred (quar.) ——
Topelca & Santa Fe Ry,
non-cum.
preferred (s-a)
preferred
1- 3
i75c
t20c
.—a
Canada
Atchison
5%
12-29
12-27
12-27
12-27
1- 3
12-15
12- 7
12-14
12-14
12-20
12-15
25c
a—
of
Extra-—
3-10
1-21
$1
(quar.),,,,
Breweries
3-30
25c
(year-end)
Extra
5%
1-14
12-10
$1(4
(accum.).,
..i—
Construction
Corp.
12-20
1-
50C
(quar.),
(quar.),——-
preferred (quar.)—,---—
Canada Cycle & Motor, common (quar.)—_
5%
25c
$1%
15c
$1(4
$1%
—
—;
Equipment Corp. —
Metal
3
25C
——
(quar.),,
preferred
Bucyrus-Erie,
6%
10c
(quar.)
(111.)—
preferred
12-10
1-
150C
prior
$6 conv. priof preferred
Art
12-30
2- 1
11-30
3
35c
Camden & Burlington Co. Ry.
12-13
$1.25
10c
(accum.)
preferred (quar.)—.
Arkansas Fuel Oil, 6% preferred
$7
1- 3
12-14
1-
25c
pfd. (quar.) —
(quar.)
Byrndum Corp, $5 partic. pfd. cl. A (s-a)>_
$3 partic. preferred (s-a)
L
$7 2nd preferred (s-a),
—
12-20
11-30
12-10
1-3
12-15
1
10c
5%
10c
25c
Albany & Susquehanna RR. Co. (year-end),
$114
common......
25c
."
'
Common
25c
,*
8714c
1214c
$114
A
Power,
preferred
Butler
Smelting—
Anglo-Huronian, Ltd. (interim)
Anglo-Irian Oil, ordinary (interim),.
Apex Electrical Mfg., common,
75c
(quar.)
Ainsworth Mfg.
(year-end),—
Air Reduction
(quar.)
$214
2
1-
$1%
(irreg.)
Ltd.
Oil
Pulp &
&
Extra
—
&
2nd
6%
Electric—
&
(quar.)
preferred
$5
Works
83,+c
50c
—
(s-a)—J
Y.)
class
preferred
Bush'Terminal
1-15
1- 3
1- 1
5%
1- 3
12-15
1- 3
(N.
Associates Investment, common
1-3
1-14
$2
$114
Asbestos
$1
12-15*
12-15*
1- 5
12-13
12- 3
——
12-15
12-17
12-31
12-31
1-15
1-1
12-28
12- 6
1- 5*
(year-end)
1-
6
12-31
$$iy2
Co.——
Columbia
1st
$5
1-3
2- 2
Surety
12-29
I32y2c
1
$5 prior preferred (quar.),,;
Brunswick-Balke-Collender Co.—
$1%
12-20
1-3
1- 3
12-17
12-17
(quar.)—
1- 3
37MjC
1-15
12-28
12-23
12-11
American Telephone & Telegraph (quar.)—,
American Thermos Bottle, pfd. (quar.)—,,
American Thread, 5% preferred (s-a)——,,.
American Tobacco Co, 6% preferred (quar;)
3
$2 Va
Ltd,-$1.30 pfd. (quar.),
Light & Power—
(quar.),
Brown-Forman
.1-3
American
12-15
1-
Columbia Telephone—
6%
Business
pfd.
12-
12-31
$iy2
British
5%
Refining-—.
American Sugar Refining, 7%
12-28
$3%
(s-a)
British
Brown
25c
12-31
12-29
12-30
1-10
12-30
12-10
—,
12-15
12-21
15c
—
common
American
12-20*
«
12-17
1
120c
i
Light
Co,
preferred
Bush
American Stores Co.
Common
6%
12-20
12-30
—
Associated
1-2
12-20
1-15
12-18
12-17
12-15
12-22
12-22
12-28
25c
1-
12-27
$1
(quar.),——:
Gas
Brompton
12- 3
12- 3
12-9
12- 9
12-11
12-9
1-15
1-3
1-25
1- 3
12-15
12-15
12-27
12-27
1- 3
1- 3
12-31
1-3
1- 3
.
12-14*
12-10
12-10
12-17
50c
7% 1st. preferred (quar.)—,—
L
$1%
American Snuff Co, common—60c
6%
preferred (quar.)
$1.50
American Stamping Co.
(year-end)
3714c
12-20
•
1- 3
1- 3
1-1
1-1
12-28
30c
■
(quar.),,,—
(year-end)
12-21
12-20
12-20
$1.25
—
preferred
American Smelting &
Armour
Companies
1
(quar.)_„___1
12-17
3
3iy4c
(quar.),
(quar,
British Columbia Electric
Rolling Mill—
conv.
Arkansas
Engineering Co.—
(quar.)
(bi-monthly)
3
1-
$1,
preferred
participating
British
10c
,!!
—
American Radiator & Standard Sanitary, com,
12-13
,1- 3
Co.
American
12-23
12-23
$114
common...
(quar.)__,
12-20
1-
$4
(accum.),
Mfg.
$2
$114
$114
•
7%
preferred
Brillo
25c
25c
$1.75
—
(quar.)
Manufacturing Co,
Ltd.
Cordage,
Bridgeport
25c
(quar.),
common
(year-end)
preferred
7%
Quarterly
$7
5%
12-15
12-28
12-24
$1
(quar.),,
Ahlberg Bearing Co.. class A
Extra
American
1-3
1-1
Products,
preferred
30c
,
Agnew-Surpass Shoe Stores, 7 fo pfd. (quar.)
Agricultural Insurance (Watertown, N, Y.)—:
Extra
12-20
5T2'-24,
12-22'
12-13
40c
Surety
Insurance
Affiliated Fund
7%
1- 3
1-3
—
$11^ class A (quar.)—L_
Extra
preferred
Common
75c
(quar.)
preferred
.Extra
5ri.
12-21;
1-3
80c
Miscellaneous
;
Aetna Standard
Maize
6%
$134
—
12-28
40c
Bridgeport Brass Co, common
5Va% preferred (quar.),
50c
50c
(year-end)
12-31
$iy4
(quar.)
Traction
6%
6214c
(resumed)
Metals
&
A
Brazilian
1- 3
1- 3
1- 3
12-30
1-15
75c
(quar.),,,
(accum.)
Brantford
Illinois—
of
(quar.)—^,——
(quar.)—
American
$1.50
—
(N. C.) (quar.),
$6
Extra
Life
12-20
<12-21
,,
(quar.),,
Machine
Aro
i—
'Aetna* Insurance (quar.),
Aetna
12-27
$1
(quar.)—'
$1
preferred (s-a)
$3
Abraham & Straus, Inc.—„—J——
75c
Acme Glove Works, 6V2IC
preferred (s-a),,
$$3.25
Adams Express Co. (year-end),
—35c
Adams (J. D.) Mfg. Co. (quar.)
——,
20c
Addressograph-Multigraph Corp.
25c
Aeronautical Securities (year-end),——
17c
Abbott
12-24
1-3-4412-15
$4
(s-a)
(quar.)
(New Orleans)
preferred
preferred
$1
(Baltimore)
Bank
Wilmington Savings & Trust
•
-1- 1
12-30
N. Y.)—
—
.Whitney Nat'l
7%
$1
$2
$3.25
—
Dollar Saving &
Extra
(irreg.)—;
Locomotive Co.
American
12-23
20c
$114
$114
10c
,
common
preference
$10
'
(Chicago),—
—,
(quar.)
—,
——
National
Wheeling
12-22
$10
Ore.)
Wells Fargo Bank & Union Trust Co.
West New Brighton Bk. (Staten Island,
Western
1-3
$1.50
35c
$15
—
—
Uptown National Bank
,
12-22
12-20
12-10
12-13
S3
—
(quar.)
(Providence*
States
Wakefield
12-29
1-3
1- 3
1- 3
$3
•
Trust
12- 7
$2
(Indianapolis, Ind.) (quar.)
Nat'l Bank (Portland,
conv.
$2
American
Extra
Union
12-21
—
'
Union Trust
12-31
12-31
1- 3
$3.50
(year-end)
(Yoifngstovvn, O.)
Quarterly
New
12-31
20c
25c
Union National Bank (Pittsburgh)
.
40c
.
'Quarterly*,
.
12-20
50c
50c
t$l
$2.50
$1
Y.) (quar.}___-_-»
(quar.)
(N.
Trust
12-31
$3
(quar.)
(Ohio)
Co.
General
12-13
12-20
12-20
10c
_
Bank
12-31
3-31
6-30
9-30
12-20
12-13
12-31
1- 3
12-31
$$lJ/a
<s-ai
Extra
State
5%
12-28
50c
(s-a)
(Toronto)
(N.
1- 3
$2.50
1-3-44
$2.50
4-1-44
—$2.50
7-1-44
$2.50 10-2-44
$2.50 12-21-44
(quar.)
$1
12-31
,_i
Sterling Trusts Corp.
12-15
12-15
12-15
—
Trust- (Conn.)
&
-
Summit
*
-
Ice,
(monthly)!
Products
preferred
1- 3
.
12-23
$2.25
(Irregular)
Corp,
A
Class
1-13
12- 9
12-23.
$1.1834
1214c
2
110c
Class
12-28
1-15
1- 3
1- 3
(quar.)
American Investment Co.
Bank
National
Commercial
Texas
12-31
12-31
12-28
40c
:
& Trust (Bait.)
(quar.),—,
Seattle-First National Bank (quar.)
Safe
6%
1-12
$1.50
(quar.)—$1.50
preferred
preferred
Home
1-15
3
1-
40c
;
Ry.
Mines,
Brandon
12-15
1- 5
25c
3
12-
20c
Bralorne
12-22
1-3
$1.75
7%
12-30
12-
3
$1%
RR.,
$1.25 pfd.
Bourbon Stock Yards (quar.)
Brainard Steel
(quar.)
12-15
$114
$114
3
5c
(s-a)
Botany Worsted Mills,
12- 1
1-15
25c
American
$4
12-20
$114
—
American Insulator Corp. of Del, com. (quar.)
12-30
;
1st
American
12-20
Y.)
$1.25
-
2nd
$6
Wharf
Boston
12-13
12-13
12-11
12-11
1- 3
12-30
1-
$iya
(quar.),.
—
preferred (quar.)__
Gas & Electric, 4%% pfd. (quar,),
Hair & Felt Co, common
Extra
$3
'
1-21
1-
130c
pfd.
1-10
12-28
12-28
1-3
1-3
1-3
12-18
40c
Extra
Growers,
Furniture,
American
6%
1- 3
(quar.),
<N.
(N. J.)
& Telegraph
(quar.),,
Fruit
American
1- 3
1- 3
Trust
2- 1
10c
common
6% preferred (quar.),,—u,
American Fork & Hoe, 6% preferred (quar.)
$2M>
$2
&
3714c
1
$5
(stock
Felt,
American
12-31
3-31
1- 3
1- 3
series
(quar.)——
preferred
American
37V2C
Bank
preferred
Co,
Insurance
J2-11
American-European Securities—
(quar.),
Boston
Trust Co. of
Nat'l
Public
5%
E.)
Boston
'
1
Borg-Warner Corp.
Albany
1-20
1-
$1%
$lVa
(quar.),
Herald-Traveler
Georgia,
of
Co.
Booth
12-15
1
115c
7% pfd. (quar.)_,___
preferred (accum.),,,
(Sidney),
Boston
25c
•
$114'
15c
Class B (quar,)————,4—;—15c
5%" preference (quar.),,„
12140
Discount
class A
12-20
12-15
12-15
2-
25c
(resumed)
l/32nd share
Crystal Sugar, common—
—,
6% •; preferred (quan)<„^——
:—'
American Cyanamid Co, class A (quar.)—,
> '
Corp;
Brewing,
Blumenthal
12-31
12-31
$1.50
(year-end)
6%
12-16*
1- 1
12-15
50C
preferred
Tobacco,
Elevated
—,
1-10
12-17
12-31
$134
(year-end),,
Boston
—
1
2-
50c
(quar.i,,^,
(quar.)
Perry
(F.
12-23
1-15
12-31
75c
Electric,. $7
&
l/64th sh. of class B or cash—
12-28
12-15
12-17
3-15
12-31
1- 3
$3
$lVa
11-30
$1%
Boston
$3
6
11-30
.
62l/aC
(quar.)—
pfd.
:
Inc.
Brothers
Ridge
3
30c
(quar.)
common
7%. preferred (quar.)
class A
Light,
&
dividend
optional
A.
American
■
Quarterly
Pilgrim
Power
of class B stock or 34%c in cash
;
$1%
7%
dividend series of 1936)
(opt.
,
v'r
Co,
Can
12-15
(Hartford)—
Trust
&
Blackhawk
12-16
American
12-20
12-14
(quar.)-,
Bank (Seattle. Wash.)
Nat'l
12-16
12-28
12-28
12-31
1-3
1-1
12-31
dividend
12-15
1-3
1- 3
$10
i—
(s-a)—
Omaha National Bank (Nebraska)
12-28
50c
12-31
12-^3
12-24
$1.25
(s-a
(Phila.)
Bank
(Pa.)
City Trust
25c
1-
12-
3
75c
(Md.) (quar.)„,,___
Ltd. (quar.),
;
preferred
Brake Shoe, common, (year-end),
86
Norwood-Hyde Park Bank & Trust Co. (quar.)
Oil
$6
Son,
12-10
2
1-
50c
(quar.
Hats,
Birmingham
1- 1
Conv.-
12-18
'
.—j--;—
12-15
12-15
3
1-
1$2
(quar.)
Inc
12-30
Biltmore
12-15
1-
& Cement—
preferred
Bickford's, Inc.
$1.31'/4
(quar.)
r;_,
conv.
12-15
Bird &
Cities
12-30
'
Foods,
7%
$3V2
American
$2
12-15
.
3
1- 3
m
(quar.),,,,.
12-30
A___—6c
1-
12-13
1$1.75
Loan,
Limestone
9*
Class
tl2(4fi
preferred (quar.),
9*
American
$1.50
Security Bank (Chicago) (quar.)i_
National Trust Co., Ltd. (Toronto)
(quar.), :
New York .Trust Co.' (N. Y.)
(quar.)
,
North Side Bank & Trust (Cincinnati) —
Bessemer
12-
514%. preferred'(quar.)
Business. Credit,
12-15
15c
Hedges,
12-
American
$2
National
12-20
&
1-1
Extra
3
$1
(1938 series)
preferred
12-30
1-1
(irreg.)
common
American
$iy2
t$2
87y2c
50c
$2(4
Benson
$2Va
20c
Note,
1-
Year-end
4
12-20
(quar.),—75c
Bank
preferred
12-13
137 VaC
50c
(resumed)
Bethlehem Steel Corp,
25c
1
i$3ya
common
Corp.
Industrial
(s-a)__,_
12-28
•-•Extra
Aircraft
Aviation
12-22
12-15
--
12-16
12-13
1
1-
(quar.)
11-27
50c
preferred (quar.)—
Cast Iron Pipe Co;, 6% pfd. (s-a)
Cigarette & Cigar,1 6%.'pfd. (quar.)
1- 3
1-3
1-1-44
1- 3
1-3
50c
Beneficial
Bests
(quar.)—,;—.
class A
American
T- 3
90c.
,
12-17
1
1-
(s-a)
Telephone Co. of Canada
Bemberg Corp, 7%'pfd.
;
12-31
$3J/2
.
(s-a,
Trust
Bendix
American
12-10
' 1-15
1-1
$1
'
(quar.)
Beilanca
1-
(quar.)
Packing Co. (quar.)
American
.
1-3
$1
—
C.) (S-a)
(Wash.,. D.
■
Bell
1-
35c
$1.06 V4
RR.
12-31
(year end)
Class B
12-31
;
12-15
12-20
12-15
;
preferred
preferred
11-30
$5
new
—
American
,
1- 3
2- 1
7%
3
(increased)
A
Belding-Corticelli Ltd,
12-15
12-15
1-
!„_,_
(initial)
Creek
6%
(one-h'alf share of
Bakeries,
Extra
•
40cV.
Bank
American
6%
5c
for each share $100 par held,
com,
B
2nd
7%
Asphalt Roof Corp.—
dividend
par
class
Class
1
65c
Brothers,
Beech
12-15
1-
(quar.),.
(quar.),,—
Beech-Nut
1-15
1-15
1-45
Co,
preferred
Beatty
12-20
of Rec.
$1.37'/a
$4.25
12-11
Holder»
1
Works
Creamery
Special
12-20
12-11
,■
12-24
12-31
25c
,
Semi-annual
.
1- 1
12-31
12-31
1-2
1-1
1-1
12-28
12-10
$114
12-24
1-3-44,
25c
-
(Chambersburg, Pa.)
Bank
National
12-31
—__
12-15
1.2-20
,
$1 .1-3-44
Munsey Trust-Co. (Wash,, D. C.) (quar.)_—
1
lr 3
.1- 2
■; '
(s-a),
Va.)
(Roanoke,
Bank
Trust
Mountain
1-20
1-2
—'—
Stock
12-.15
12-15
,1- 3
1- 3
$5
$3
.
•
•
-
Extra
1- 3
12-18
12-31
J?"2®
1- 3 .12-21
> 1- 3.
12-15
12-31
12-24
,
Mid-City Nat'l Bank (Chicago) (quar.).
• *.
•
- $1.
Midland Loan & Savings (Ontario), (s-a),t40c,
Miners Nat'l Bank of Eottsville, Pa. (quar.). : /$1.13 .
Montgomery County Trust Co.
12-11
Iron
When
Payable
1-
(quar.),
(quar.)
Beatrice
12-27
1- 2
—,—
preferred
Bath
12-17
preferred
American
12-24
1-3
'.<.37y2ic
.$1V4.-.
(quar.)
J.)
(N.
Trust
Bank
1
:
$5(4
Co.
40c
$1
Bastian-Blessing
12-20
12-29
12-28
12-27
(quar.)
;
SlVa
Manufacturers, common (quar.),,
50c
7% preferred (quar.),
$134
Amalgamated Electric Corp. (interim)
$30c
Amalgamated Leather, 6% conv. pfd. (accum.)
$1
Amalgamated Sugar Co, common (quar.»__
5c
American Agricultural Chemical—30c
American Airlines, Inc, $4.25 conv. pfd. (quar.) $1.0614
American Alliance Insurance (quar.)
.—.
25c
6%
12-20
12-20
12-24
12-30
12-30
1- 3
20c
-—■■■'
-
Merchants
:
(quar.)
-
National
Merchants
■*
1-3
10c
$5
$1.50
■
■ $160c
(quar.)•_____,
_i
12-15
12-17
1- 3-44 12-18
12-28 ' 12-17
12-28
12-17
1-3
12-20
50c
—
(Albany)
Merchants
(quar.),
,
Per
share
-
Name of Company
1
12-
25c
-
A
Holder1
25c
$1
50c
$1
43%c
(quar.)____,
Corp, common
,
Aluminum
,
(S-a)——'
—
,
J^-15
12-28
40c
—
,
12-18
——
Stores, common (increased)
5%
preferred (quar.),__
Aluminum Corp. of America—,,
12-30
30c
Corp
National
Quarterly
Maryland Trust (Bait.)
12-29
1- 1
1-1
Sl'/a
J$2Va
$3
.
:
Extra
1-15
8c
Midland
Marine
Class
n
_—1
Marine
!
12-31
12-31
1-3
(Buffalo)—
Co.
Traders
&
Manufacturers
Products
Special
12-15
12-15
50c
,
of Rea.
(year-end)
Inc.
Fisher,
Mills, Inc
12-31
50c
;
\ Extra
1-15
75c
25c
I.)-*
R.
&
Allied
12-20
$1
.
(Providence,
Trust
Alles
Allied
Allied
...
When
Payable
Markets, 6% pfd. (quar.),,,,
Algoma Steel Corp.,. Ltd., 5 'ic pfd. (s-a),,-,.
Allegheny & Western Ry. Co, gtd. (s-a).~_
12-21
1- 3
of Company
Alberts Super
•
$1%
Extra
Name
Payable of Reo>
(Indianapolis, Ind.)—
Quarterly
Industrial
Per
thare
Holder)
When
Per
share
Name of Company
Indiana National.Bank
2615
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
158
1st preferred
(quar.)—
75c
137c
1-
1
1-28
12-18
12-24
12-
1
50c
1-
3
12-14
$1
1-
3
12-14
rcr
Carolina
Clinchfield & Ohio
Carolina
Power
Led.,
Carreras,
pfd.
$7
$iy2
1-3
17J/2%
12-31
12-31
12-30
12-30
1- 3
.
(final).
ordinary
A
1-20
1- 3
(quar.)-.*
*_
Wkr'o
ordinary (final)
*
Carriers & General Corp, (year-endi
B
Carter
10c
15c
:*
Co
W.i
(J.
Mills Inc., 6% pfd. A (quar.)——,
6% preferred B (quar.)
.—;r~
Case (J. L) Co., 7% preferred (quar.)*—.-*
Carthage
$1.50
60c
$1.75
„
;
—
Celanese
1- 3
1-3
1- 3
12-31
1-1
1- 1
1-1
1-1
12-31
1- 3
75c
Corp. of America, common-*-—.-
50c
Susquehanna RR. (s-a)
Cayuga &
(quar.)
—
.
$1.25
7% prior preferred (quar.)*—-—
$1.75
7% 2nd preferred (quar.)
.
$1.75
Central Aguirre Associates—
•
37l/2C
Central Electric & Telephone, 6% pfd. (quar.)
75c
Central Illinois Light, 4)4% pfd. (quar.)—
$1)4
Central Kansas Power, 4%% pfd. (quar.)—
$1.18
Central Maine Power Co.-—
5% series preferred (quar.)*--———
62y2c
$6 preferred (quar.)
,.
$iy2
6% preferred (quar.) — —.——,
7% preferred (quar.) —
—,
$134
Central Paper Co., Inc
—.
15c
Central Patricia Gold Mines (quar.)—
.
$3c
Central Republic Co
——
15c
Champion Paper & Fibre, 6% pfd. (quar.)*
$1/2
Chemical Fund, Inc. (year-end) __—*——
10c
Chesapeake-Camp Corp., 5% pfd. (quar.)__
$1)4
Chesapeake & Ohio Ry. (irregular)—— ;
75c
prior preierred
5%
„
1-15
,
.
1- 1
1- 1
'1
-
Chicago Great
$1*4.
$114
UV2C
25c
(accum.)
West'n Ry„ 5% pfd.
Lines—.
& Southern Air
Chicago
Times
Cotton Oil (quarterly)*—
—
Quarterly
—
——
Quarterly
———
Quarterly
—,——-
Chicago
25c
25c
25c
25c
$114
Chickasha
4)4% preferred (quar,)_*
Christiana Securities Co., 7% pfd. (quar.) —
Cincinnati Gas & Electric, 5% pfd. A (quar.)
Cincinnati New Orl. & Texas Pacific Ry.—
5% preferred (quar.)
'5% preferred (quar,)—
—.
5% preferred (quar.)—*——————
5% preferred (quar,)——,
—:
.*
Cincinnati & Suburban Bell Tele. Co. (quar.)
Cities Service Power & Light Co.—
$5 preferred (quar.)**—,
—.
.—.
Paper,
Chillicothe
$6
preferred (quar.)_*__—...
.*—.
preferred
$3c
$1.0614
12-31
$2
1- 3
1- 3
$1.75
$1.75
$1.75
6214c
,
$1.25
——
$1.50
$1.75
,
,
1- 3
1- 3
2-15
$$1%
$5
12-31
1- 3
$15
(quar.).
preferred
Life
General
Connecticut
75c
——
(year-end)
preferred (s-a)._.
Goods
Co
Consolidated Edison Co. of N. Y.—
Consolidated Dry
6%
9
&
(Bait,)—
Power
preferred B (quar.)
preferred C (quar.)
414%
4%
Consolidated
*****
(initial)
Utilities
Gas
:
Consolidated Investment Trust
Quarterly
Special
(Boston)
1-
Extra
3
12-20
12-20
12-10*
12-20*
12-21,-
Consumers Gas
Co.
(Toronto,
12-20
$5 preferred
(quar.)—.:——
Contlnental Assurance Co. (quar.)..
Extra
Continental
8%
....
preferred
Co.,
Duval
(quar.)
_
(N. Y.)
(s-a)—.
Extra
Continental Oil Co.
(Del.)
(quar.)_I
$3
pfd. (quar.)—
preferred (quar.t
participating
Corp.,
common
(year-end)
prior preference (quar.)
Phosphate (year-end 1
Reynolds, $6 preferred A (accum.)
12-10
Corroon &
Craddock-Terry Shoe Corp., common..
5% 1st preferred (s-a)
4% 2nd preferred (s-a)
L_
3rd
preferred
Cream of Wheat
(s-a).
Corp.
7
....
(accum.)
Drug Co., 7% preferred (quar )
Crown-Zellerbach Corp. (year-end)
Crown
Crum
8%
Cuban
6%
&
12-11
1-31
1-
3
12-15
12-24
12-31
12-15
Cunnineham
6%
common...
•
(quar.)
prior preference
12-10
3
1-10
1-15
12-31
2
12-15
$1%
12-31
12-21
1-18
12-31
1-
1
12-18
75c
1-
1
1-
1
12-15
1-
1-
50c
El
Electric
Paso
3
12-
1-
3
12- 4
3
12-15
25c
12-29
12-14
12-29
12-14
El
12-18
12-31
1-
3
12-15
$iya
1-15
12-31
$l3/4
1-15
12-31
1-
50c
common
Utilities
(quar.)
60C
—
1-
12-22
12-30
12-20
$1.50
1
—
Drug Co., 8% preferred (quar.) —
Electric Mfg., common (year-end)
$1.60
1-
50c
1-
7%
Inc.,
preferred
Emerson
6%
(s-a)_<
Johnson
Corp.,
Inc.,
3
12-22
1-
3
12-22
1-
1
12-27
$1.25
1-
1
12-27
$iy4
3
12-14
1-
3
12-14
$1%
1-3
12-14
30c
—
1-
$1%
—_
—
(quar.)..
common
12-21
1-
75c
common.—.—
(quar.)
preferred
1-15
l-«3
25c
5%
preferred (quar.)————
preferred (quar.)—*—
Excelsior Life Insurance (Ontario)
(s-a) —
Falstaff Brewing Corp., 6% preferred (s-a).
$1.50 preferred B (quar.)
Players Canadian Corp.,
1*
25c *
4-
Life
insurance
1-
$$1.60
1
3-20
12-31
2
1
3-18
1-
3
12-15
37%c
1-
3
12-15
37%C
——
1-
3
12-15
1
(quar.)"
$2.50
12-31
12-15
1
12-11
1-
4-
1
3-11
Co
50c
1-
1
12-15
Bake Shops,
25c
12-31
12-11
75c
12-31
12-11
Federal
Rubber
common
(s-a)
preferred
5%
(quar.)
————...
Fenton United Cleaning
1-
12-15
Filtrol
1112-31
12-10
Firemen's
12-10
Firemen's Fund
12-15
First
12-31
12-15
First
1
12-17
12-15
12-15
50C
California
of
Indemnity
Fund
(Calif.) (quar.)
National Stores, Inc. (quar.)—
State Pawners Society (quar.).:
Insurance
$1%
Fishman
12-31
Flambeau
Florence
Stove
12-
6
$5
Power
Florida
Florsheim
12-15
Class
12-15
Food
Light,
1-
3
12-20
1-15
12-31
3
13-21
12-28
12-17
1-
Machinery
Gear
12-18
$2
$114
3714c
$3
Foreign Light & Power, 6% 1st pfd. (quar.)
Foresight Foundation, non-cum. class A (s-a)
Foster & Kleiser Co., 6%
pfd. cl. A (quar.)
Foster Wheeler, 6% prior preferred (quar.).
12-30
12-20*
4 3 34 c
2-15
1- 3
Wallace Inc.,
$3
3
12-18
1-
3
12-20
1-
3
12-20
35c
•
1-
3
1-
12-15
1-15
75c
pfd. cl. A (quar.)
12-31
25c
Corp. (quar.)
...
& Machine, common......
Foote
Forbes &
1-
50c
——
12-23
12-18
12-13
12-20
1-
$1%
preferred (quar.)
$7
class A
12-18
12-18
3
12-30
25c
&
3
$1%
8c
37%C
1-
5
12-24
12-20
12-30
12-15
1
12-15
1-
37VzC
1-
12-15
1
12-18
6%
prior preferred
(quar.).—
3714c
4-
1
3-15
12-20
6%
prior preferred
(quar.)
37%c
7-1
6-15
prior preferred (quar.)
preferred (quar.)...
37%C
10-2
25c
$1
$114
2-
5
12-13
3
1-15
1-
3-31
3-17
12-31
12-31
12-15
7%
Foundation
of
Process
Freiman
(A.
Froedtert
Fuller
12-15
Co.
Franklin
J.),
Grain
$3
1- 3-44 12-20
$35c
1
9-15
'
12-16
$114
(quar.)„
1-
3
12-15
1-21
12-31
1-
3
12-17
1-
1
12-15
1-31
1-15
20c
12-28
30c
7
12-
$iy4
1-
1
12-15
$114
1-
1
12-15
1-
1
12-15
6214c
1
12-20
1-
1
12-20
2-
1
$114,
1-
3
12-
30c
1-
1
12-11
5614 c
1-
1
12-11
-
Co.,
12-10
1
12-18
1-
$1.75
12-20
3
1-
$1
(quar.).....
3
1-
6214c
12-18
1-
$1.75
,
8
12-30
25c
i.
(quar.)..'
(quar.).
F.)
(B.
3
1-10
40c
preferred
class A
1-
1-25
$1.50
$214 conv. preferred (quar,).
Sugars Inc.,
12-15
1-
8714c
(quar.)
—
7%
3
1-
75C
50c
Tubes
Co.,
12-31.
$1%
1
12-18
20c
preferred
1-15
12-31
$ 114
(quar.).
12-31
12-15
12-15
12-31
$63c
(quar.)
5%
preferred
(quar.t.
12-15
J 6214 c
...
Co.
Fisheries
12-31
12-31
12-15
3
12-23
12-28
12-18
$1.75 "
7% preferred (accum.)——.
Co., common (quar.)—
preferred (quar.)
—
Pumps.
5%
Insurance
American
(quar.)*.*
3
1-
3
12-15
25c
1-15
12-20
5c
1-15
12-20
1:75c
...
12-31
12-
1
75c
12-31
12-
1
.....
$1
12-29
12-20
(quar,)
$$3.75
Great Lakes Paper, $2 partic. pref.
$2
1-
25c
(initial quar.)
B (accum.)
American Investing Inc.
Great
pfd.
(accum.).——
A
Lakes
Great
(year-end)
Steamship
Great West Life Assurance (Winnipeg)
Great West
Western
7%
Sugar,
preferred
Greening
<B.)
Greenwich
Ltd.
common
12-
2
12-
2
1-
15c
12-15
3
12-15
1-
$114
(quar.)
(year-end)
3
1-
50c
(quar.)_„__
Wire,
Gas,
12-31
12-31
(quar.).
common
12-20
3
1-
$75c
$75c
Saddlery, 6% 1st pfd, (quar.)
preferred (quar.)
^
2nd
6%
12-15
35C
(W. T.)
Great
1-
75c
(quar.)—.
3
12-
1
12-20
—
—...
12-31
31V4C
12-31
12-20
—
$114 participating preferred.
Participating
Water System, Inc.—
24c
..4 88/lOOc
12-31
12-20
$2.25
12-31
12-11
80c
12-29
12-23*
$2
12-29
12-23*
$ 114
12-28
12-14
Greenwich
6%
preferred
Brothers
Class
A
(accum.)
Cooperage,
(accum.
Griesedieck
...
class A
(quar.)..
;**,
Western
...
Brewery,
(irreg.).
com.
514%
preferred (quar.).
Grocery Store Products (resumed)..:
34%c
3-
1
15c
...
1-
3
Group No. 2 Oil Corp.
Gruen Watch Co., common...
12-27
12-
6
10c
12-27
12-
6
15c
1-
3
12-15
31 '4C
1-
3
12-15
...
....
preferred (quar.)——
Guaranty Co. of N. J., class A
—
Guenther Publishing Corp. (year-end)
—
Guilford Realty Co., 6% preferred (accum.)
Gulf Mobile & Ohio, $5 preferred———
5%
Gulf
preferred
$6
Co.,
Power
2-14
12-20
$50
Group No. 1 Oil Corp.
12-27
50c
12-15
3
12-15
1-
$5
12-18
$1
12-28
$214
12-27
12-17
3
12-20
12-31
12-17
•
1-
$1.50
(quar.)
Hackensack Water-—
7%
preferred
Halifax
Haloid
A
Co.
43 %c
(quar.)—
(s-a)——
—
....
7% pfd. (accum.)
Hammermill Paper, 414% preferred (quar,).
Hanover Fire Insurance (N. Y.)
(quar.)
preferred
(quar.)
Ltd.
Harding Carpets,
8%
Hartford
Co.,
common
514%
Times,
of
Corp.
B
614%
6
1-
3
12-15
1-
3
12-20
1-15
12-31
$1%
50c
(quar,)
3
12-14
1-
3
12-14
50c
12-28
12-13
50c
——...—...
1-
50c
(quar.)
preferred
1-
1-20
$10c
*
(quar.)
12-28
12-13
2-
68%c
—
1
1-15
10C
....
1-11
12-17
25c
Corp.
Class
12-15
12-16
$1%
12-27
12-15
class A—
25c
'
$1.6214
(quar.)..
....—
Hatfield-Campbell Creek Coal—
15c
5% prior preferred (quar.)—...—...
$1.25
5% non-cum. partic. preferred...—
3714c
Haverty Furniture, $114 preferred (quar.) —
$1.50
Hawley Pulp & Paper, $6 preferred (quar.).
$1.75
$7 preferred
(quar.)
...——*—.
Hat
3
3
1-
1-
$1.25
—*-•-•
—
preferred
Harvill
11-15
30c
——
(s-a)
——
Gas
12-15
12-31
$1.12%
Harris-Seybold-Potter, $5 preferred (quar.).
Harrisburg Gas, 7% prefei-red (quar.)
Hartford Fire Insurance (quar.)
Hartford
3
4
Refractories—
Harbison-Walker
Extra
1-
1-
$$114
Hamilton United Theatres,
6%
12-10
$40
20e
Insurance
America,
Hazel-Atlas Glass Co.. (quar.)
2-
1-14
3
12-20
1- 3
12-20
1-
1
12-20
1-
1
12-20
1-
1
12-20
1-
.
1
1-
$1.25
——.—„
12-15
12-27
—
preferred
3
(Walter E),
common
12-17*
10c
7%
(quar.)
preferred
Helme
<G.
Co.,
W.)
12-17
43 34c
;
common
—~—
(irreg.)
12-27
12-17
$ 114
Holland
Furnace
Co..
(D.
Holmes
& Sons,
(A.)
Ltd.
H.)
Howell
Electric
$1.75
1-
3
12-20
Hudson's
81
1-
1
12-15
Humble Oil
20c
12-30
12-20
Hummel-Ross
25c
12-30
12-21
25c
12-30
12-21
&
1- 1
12-18
12-20
12-28
12-
$114
12-28
12-
12-27
12-10
25c
$5c
lc
30c
$$3%
4
12-
1
6
12-31
12-16
1-25
.12-31
3
12-15
1-15
12-31
1-
3
12-17
20c
1-10
12-31
12c
12-30
12-23
$iya
12-31
12-10
$1.50
1-
$1.50
common
62yac
$1
1-
1-
3
,
2
12-23
12-20
1-15
12-31*
1-15
12-31*
30c
(quar.) —
1-10
12%c
12-28
12-15
1
12-31
(monthly)
preference
—
*—
Corp...
■
2
(s-a >
% %
1-
12-20
_
12-
—
4
—
56!/4c
12-27
7l4c
12-30
12-15
10c
Refining, new stock (initial*
preferred (quar.)
1-
1
$114.
Power
Fibre
,
.
(quar.)
5%
12-18
12-31
*—
Motors..
Co.,
1
1-
50c
Extra
Bay
1-18
50c
preferred (quar.)
&
4
$1%
Inc.
Household Finance Corp.,
Light
4
12-
1-28
3714c
Dairy,
Houston
12-
3
15c
80c preferred (initial)———
Honeymead Products (quar.)..
Hooker Electrochemical, 6% pfd. (quar.)—
Horn & Hardart Baking
(N. J.) (quar.) —
Houdaille-Hershey, class A (quar.)—..—_
Home
3
1-
31'4c
(extra).——
Hollinger Consolidated Gold Mines (monthly)
Holly Development (quar.)'.
J—lc_....
Holophane Co.
—.
Holt Renfrew & Co., 7% pfd. (accum.).....
Hollander
1-
$1%
—
((quar.)—.:
...
Hibbard Spencer Bartlett & Co. (monthly)..
Hickok Oil Corp., 5% preferred (quar.)
7% prior preferred (quar.)
...
Hilton-Davis Chemical, $1.50 pfd. (quar.) —
Hinde & Dauch Paper, common.
5%
preferred (quar.)——
.....
6%
12-17
12-27
(quar.)—
preferred
7%
5%
12-27
25c
Heller
—
50c
preferred
....
1-
$1.50
(quar.)
(quar.).—
(quar.)...
Fuller (George A.) Co., 4% conv. pfd. (quar.)
Fuller Manufacturing Cd. (Mich.) (year-end)
Fu'con Service Corp., common1 (year-end)
Class A (year-er.di
;
Brush,
7%
Canada
$134
6% preferred (accum.)
& Malting Co. (quar.):
1
12-31
12-20
50C
12-28
1- 3
12-31
12-31
12-31
12-31
1- 3
1-1
12-18
12-31
3
$1%
——:
Bros.
•
1-
$1.25
—,——
Shoe,
B
12-17
$1.25
Brothers,
12-15
12-31
$1
preferred
12-15
1-15
62%c
—__
Fisher
1-15
.
12-27
75c
—
12-31
7"
1-10
60c
(extra)—/.■.—*
12-31
1-10
15c
(s-a)——*
12-23
3
40c
Co.
1-10
1-15
1-
80c
$4 non-cum. pfd, (quar.)..
(quar.)..—
—
(M. H.) Co,, 5% conv. pfd. (quar.)
Paper Co., 6% preferred (quar.) _
1-
12-20
$1%
—
(Bait,, Md.) _
Fidelity-Phenix Fire Insurance (s-a) —
Fidelity & Guaranty Fire Corp.
12-16
12-17*
12-27
1-
& Dyeing—
(quar.)..*..
preferred
12-20
25C
Federal
7%
12-23
12-28
35c
—
12-1
12-
3
50c
(quar.)
(N. J.)
1-
—
Ltd.—
Co.
3
12-20
?
4-
3c
20c
$50c
Farmers & Traders
1-
1-15
25c
,
Family Finance, common (year-end)——
$1.50 preferred A (quar.) ———
Famous
12-20
12-30
12-28
56 y4 c
preferred (quar.)
Engineers Public Service, $5 pfd. (quar,)—
$514 preferred (quar.)
—._—
Eversharp,
12-15
3
$3
35c
5%
$6
12-20
3
15c
Empire District Electric, 6% pfd. (accum.).
Emporium Capwell Co., common (quar.)—.
414%
preferred (quar.)—*
Endicott
12-10
12-20
1
3
1-
15c
*,
*—
12-28
75c
(quar.)—....
1
67c
1$1
Greif
12-15
1-3
prior pfd. (quar.).
Elmira & Williamsport RR. Co.—
Ferries
Electric
12-10
$1)4
6% preferred
Household
12-20
12-28
5c
(quar.)
Natural Gas Co.,
Paso
12-20
1-3
25c
$25c
pfd. (quar.)
pfd. B (quar.)
6%
3
$17%c
(Texas)—
Co.
Elastic Stop Nut,
4
1-
_
(quar.)...^—„—
preferred
$4.50
3
$1%
:._*
1-10
2-
2-15
$1 Va
(quar.)
$5
Grant
$114
1-
12-10*
1
(quar.)
Goulds
12-15
12-31
$50c
12-
Co.
Golden State Co. Ltd.
Great
...
(Del.),
preferred A
7%
.
12-18
1
2-
Goodyear Tire & Rubber of Canada-
12-21
3
1
1-
$1V*
Co., common
:
...
convertible preferred (quar.)...
preferred
$7
1-
$114
$1 Va
(quar.)
*
...
Goodrich
12-21
7
pfd.
......
preferred
$6
Insurance
12-15
$11/8
12-28
414%
preferred (quar,).
$5 preferred (quar.).
Safety Razor,
Godchaux
12-15
50c
12-13
12c
:
$3.50
Goldblatt Bros.,
2
$1
Stores (quar.).:
Ecuadorian Corp. Ltd. (year-end
Electric
C.),
Steel
Globe
12-21
12-31
1-
12-16
12-27
.
(quar.)
Globe-Wernicke
25c
$1.50
1-10
3
Gas
Brothers,
Glidden
1-25
1-
1
1-
Rubber, 6% preferred A...
& Electric, $3 preferred
&
Co.
Falls
Glen
$1)4
Grocery
Paso
(A.
Gimbel
$1.25
(quar.)
preference
Art
Gilbert
.
—
(quar.) (s-a)
1-
2-
25c
Instruments—
Water
General
Gibson
25C
(initial)
Common
Faultless
Drug Stores—
class A
12-15
Tire
General
—
12-17
$214
12-15
12-31
$1%
.(year-end)
1- 3
1111-
$134
$1
75c
$2
$3
$1
12-31
1-
$15
12-31
12-27
1-3-44
1-3-44
12-28
12-28
1
12-20
12-20
$1.12)4
$2.67 preferred (quar.)
Corp.,
Time
Gillette
Light & Traction (year-end)
Federal Machine & Welder (year-end).
$1%
12-15
$10
(year-end)
Economy
12-15
1-15
1-10
12-24
3
$2.50
12-15
1-10
3
12-20
(Mass.).
Refractories
Gorton-Pew
12-15
2-1
1-22
1-1
1-
Paint
General
11-27
-
12-20
12-27
3
Georgia rower,. $5 preferred (quar.)...
$6 preferred (quar.)^
....
General Telephone Corp., $214 pfd, (quar.).
1
1-
Easy Washing Machine, Ltd.—
Emerson
12-24
12-
3
12-31
1-
1-
Motors
General
12- 8
3
1-15
$50c
(accum.).:
preferred
non-cum.
B
Electric
12-28
12-28
$2
(quar.)
Telephone,
preferred
$3.50
Class
12-7
12-11
1-
Corp.
General Printing Ink, $6 preferred
3
1-
Machinery Corp>,
General
12-15
Corp.—
Easy Washing Machine, class A
12-31
12-28
30c
Forster, common
preferred
Paper
El
12-10*
12-
$62y2c
Edwards Manufacturing Co., 8%
12-11
3
$iy2
preferred
12-31
7
1-
1-15
75c
——
12-23
12-
12-28
$1.75
(accum.)
(accum.)...
preferred
preferred
conv.
7%
1-15
5
12-20
12-13
41c
5% preferred (quar.)—
Corp., $5 preferred (quar.).
General Outdoor Advertising, 6% pfd. (quar.)
6%
(quar.)
Crowley Milner & Co., 6% prior pfd. (accum.)
A
$2
12-21
12-21
1-
Eastern Steamship Lines Inc.—
12-20
12-
12-28
3
12-28
$1%
General Mills,
Street Ry.—
Eaton
3
5
Investors Trust
Common
12-15
1-
1-
59c
...
12-15
12-24
12-10
75c
(quar,)_____
Eastern Theatres, Ltd. (interim).
:
——
Eastman Kodak Co., common (quar.)——
6% preferred (quar;)—
1-20
Crown Cork International Corp.—
Class
1st
1st
3
$60c
20c
Coronet
3%
6%
6%
1-
1
12-24
1-3
75 c
15c
Investment
General
Associates—
Eastern Massachusetts
12-10
12-10
1
12-
$iy4
(yearrend)..
Fireproofing Co., 7% pfd. (quar.).
Foods Corp., $4.50 pfd. (quar.)
General
12-30
12-
$1 Va
General
12-10
2
$$134
:
preferred (accum.)..
414 % prior preferred
12-20
3
1-29
1-
$$1 V\
!
6%
12-30
1-
1
1
*
...........
...
General
1-15
1-
(quar.)—.
General
50c
(quar.).
._*■'
Eastern Gas & Fuel
12-15
1
1
1-
Capital Corp.
414%
12-15 '
12-11
2-
12-
t $ 1V4
Brewing Corp., 6% conv. pfd, (quar.)
General
12-18
12-31
J $ 1.38
,
......
Investors,
,
-
12-28
1.15c
General
12-21
$2
12-15
12-15
12-
7
$$1.75
preferred (quar.)
East Pennsylvania RR. (quar.)—...
Eastern Corp., 5% conv. prior pfd. (s-a).—
12-21
25c
Continental Telephone, 614%
Cooper-Bessemer
Sulphur
Texas
Extra.
3
$$iy»
Eagle Picher Lead, 6%
12-15
50c
$2
7
1-
2-
$35c
(quar..).—
(quar.)
Light, 5% 1st preferred (quar.).*
Durham Hosiery Mills, 6% pfd. A (quar.) —
1- 3
1- 3
1-3
80c
common
7
6214 c
——
.
preferred
preferred
$414
12- 6
$$2
$114 '
$114
12-
$$1.88
Duquesne
12-31
20c
Baking
Continental Insurance
7%
v
3
de Nemours & Co.—
(E. I.)
duPont
50c
—-
.—„——
—......
(interim)
Duplan Corp., 8%
12-15
50c
(quar.)
12-28
1-
$1'4
& Steel Ltd.
25c
$2
$25c
(quar,)..
Ont.)
preferred
$414
Power,
1-10
American
12-15
(quar.).:
$6 pfd. .(quar.)
Transportation Corp.—
American
Year-end
12-15
12-31
'
Class A $3 partic. preference A
General
12-15
3
$iy2
12-10
$4334c
62y2c
1-
12-21
12-31
12-31
34 %C
preferred (quar.)
Mfg. Co.—
Gemmer
3-1-44 2-10-44
$4
1-20
12-31
20c
50c:
common
7
1
1-15
$214
(quar.).
quar.)—
preferred (quar.)
514%
7
$40c
$75c
...
.
com. (increased)
preferred (quar.)....
....
...
Consolidated Steel, Ltd., common-———..
$1.75 preferred (quar.)
Consolidation Coal, $2.50 preferred (quar.).
8%
1-
6)4%
...
Foundry
Common
1- 3
1-3
12-31
1-15
5%
8
Co,,
Power
2-
1-
1-20
(year-end)
General
preferred (accum.).
(quar.
Dominion Glass Co. Ltd., common (quar.).
7%
preferred (quar.)
—
Dominion Textile, Ltd., common (quar.)
7% preferred (quar.)
.....
Dominion Woollens & Worsteds—
6% non-cum. partic. preferred (interim).
Dow Chemical, $4 preferred A
(initial).—.
Draper Corp., common (quar.)
6% .preferred (quar.)
*
Duke Power Co., 7% preferred (quar.)
Dun & Bradstreet, $6 preferred (quar.)„*_
Dunlop Tire & Rubber Goods Co.—
5%. preferred
(s-a)
:
—
Dominion
12-15
2-1
$50c
Consolidated Retail Stores,
Consumers
Ltd
Mines
Federal Insurance
—
1-
$l'/a
Dominion Coal Co., 6%
Consolidated Mining & Smelting of Canada—
Semi-annual
12-15
15c
(resumed)
Products Co.
Dome
$114
(quar.)..
12-10
3
1-
$1%
(quar.).
11-30
12-10
30c
80c
Consolidated Laundries, $7.50 pfd.
12-31
1-25
75c
(s-a)__
preferred
—
:
.14-20
(
12-20
12-10
12-31
10c
2
preferred (initial
Garlock Packing Co
12-15
75c.
*._
common
514%
$4
partic, preferred (s-a)—
partic, preferred (participating)...—
Distillers Co., Ltd., ordinary (interim)
Distillers Corp.-Seagrams, Ltd., 5% pfd. (quar.)
Dixie Cup Co., $214 class A (quar.)
—
12-20
$114
$1
1-
$1
$3
12-10
■
:
12-27
25c
$3
12-10
25c
!
2
12-31
3
25c
...
Light, common
preferred (s~a)___
(Julius) & Co.,
General
5%
Corp.,
Electric
(quar.)
12-22
1-15
1-
$L50
(quar.).......
common
preferred
conv.
5%
1-
DiGiorgio Fruit Corp.—
90c
preferred (accum.)
Consul. Gas Elec. Light
Common
(quar.)
Shoe
Denver,
Gardner
$2
(s-a)
preferred
participating
Dictagraph
12-31
Tunnel
River
Diamond
Consolidated Film Industries—
$2
12-15
Diamond Alkali Co.—
12-
12-20
12-21
12-4
2- 1
3
$3
'$'$2%
—
12-31
1- 3
$114
....
12-15
12-15
1-
Gardner
of Reo.
12-29
50c
class A (quar.).
class B preferred (quar.).
Garfinekle
5%
(quar.)——
preferred
$5
...
1
4
$1
(s-a).
Detroit
1- 3
1-1
$3
Ltd...—$20c
25c
—
Canada
of
Bakeries
Consolidated
11-
Payable
20c
.....
....
Gannett Co. Inc.,
Gatineau
12-17
Connecticut & Passumpsic River RR.—
6%
12-16
25c
Western RR. (s-a)
12-17
25c
——
com.
1
$1
Detroit Gasket & Mfg.————
20c
75c
(quar.)
Insurance
Special
Connecticut Light & Power,
1-3
RR.
Delaware
Connecticut Gas & Coke Securities—
$3
1-
$1.50
preferred (initial quar.)
4%
12-17
12-30
Extra'..
12-15
$1%
—
Delaware Hillsdale & South
12-17
12-28
1-15
1-15
1,2-28
12-28
,1- 1
1- 3
(s-a).—
preferred
5%
Fyr-Fyter Co,
12-31
Delaware Power & Light Co.—•'
12-22
1- 3
2-1
$1.50
$1.75
75c
Concord Gas (N. H,),
■
12-11
12-15
$1.3714'
(quar.).
....
(quar.)
*■_,
7% preferred (accum.)
Confederation Life Association (Ontario):—
Quarterly
_:
Connecticut Fire Insurance (quar.)
$7
•
12-13
12-21
75c
$1.0614
75c
common
preferred
preferred
$6
12-13
3
12-
3
125c
Dayton & Michigan RR.,'8% pfd. (quar.)..
De Jay Stores—.—
Debenture & Securities Corp. of. Canada—
12-21
12-22
1-3
15c
————.——■■
(quar.)
414% conv. preferred (quar.).......
Commercial Investment Trust (quar.)*.—.**'
Commonwealth Water Co., 514% pfd. (quar.)
Commonwealth Water & Light Co.—
,
12-21
$2
10c
(quar.)
Co, (year-end)__—
8% preferred (quar.)
Alcohols,
Common
12-14
12-21
1-
75c
clears all arrears)
—
Davenport Hosiery. Mills, 7% pfd. (quar.) —
David & Frere, Ltd,., class A (quar.)—
Davidson-Boutell Co., 6% preferred (quar.)
$114
$ls4
Combustion Engineering
Commercial Credit Co.,
12-29
$114
Willans Gold Mines, Ltd
....
Colgate-Palmoiive-Peet, $414 pfd. (quar.)___
Colonial Ice Co., common (resumed.)
—•
$6 preferred, class B (quar.) ...*—
'
$7 preferred (quar,)
........——
Columbus & Southern Ohio Electric—•
6%
preferred (quar.)
614%
1- 3
1- 3
1- 3
12-27
1- 1
2- 1
1-15
1- 3
12-27
12-27
1-15
Cochenour
Commercial
12-28
12-28
12-28
50c
5Cc
—
preferred (quar.)——;
*____—;
Clinchfield Coal Corp., 7% preferred (quar.)
Clinton Water Works Co., 7% pfd. (quar.).
Cluett, Peabody & Co., Inc., 7% pfd. (quar.)
Coca-Cola Bottling (Del,), class A (quar.) —
1- 3
1-3
1- 3
.
Investors
When
share
Name of Company
Fundamental
(payment
12-14
1- 3 „ 12-14
12-27
12-15
1- 1
12- 9
12-28
14-44
1-14-44 12- 14-44
4-14-44 3 14-44
7-14-'44 6. 14-44
10-14-44 9' 12-20
25c
—"—__
...
common...'
$4.50
Extra
1-1
12-30
$1.75
75c
:—
Illuminating,
12-271
1- 3
$114
$114
$1%
(Pa.), 7% pfd. (quar.)** •
Citizens Wholesale Supply, 6% pfd. (quar.) _
Electric
1- 1
(accum.)
Publishing Co., $4 prior pfd.
Curtis
1-10
Holden
Per
of Ree.
Payable
thare
Company
Name of
of Reo.
Holden
When
Per
Holder*
$114
3- 1
2-15
$114
6- 1
5-15
$114
9- 1
8-15
$114 12-1-44 11-15-44
85c
1-3
12-17
$'7 preferred (quar.)————
Cleveland
1- 3
1- 3
1-15
$1%
$114
Citizens Water Co.
Clearing Machine Corp. (quar.)
Cleveland Builders Supply
1* *
-—»'
preferred (quar.)-*
5%
Chicago Daily News,
——
-•
7
,
,
Extra
wnen
Payable
$1%
$134
{quar.)*._
Ry.
(quar.)
preferred
$6
Light,
&
■
Share
of Company
hums
Monday, December 27, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2616
12-30
12-15
$114
3-
1
2-15
Volume
158
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
Per
t
Name of Company '
,•
s,
Humphrey^) Mfg., 6ft
Hunt's
(quar.)—_
150c
.
1- 3
12-
1-3
12-30
12-31
12-20
12-20
Huron & Erie
Illinois Centr-al RR. Co.—
Leased
Lines, 4ft
-,/
$1%
'
(s-a)-,.—$2
gtd.
..
6ft preferred
(quar.)———
Imperialle Fuels, 6% partic. preferred
(s-a)
-ft ■'■■■
(interim)/
Indiana Gas
preferred
1st
1-
3
12-
3
12-15
Baking
Co.
Intercolonial-Coal
Co.,
8ft .'preferred •,(s-a)
International Bronze
1
'1-
,
12-31
11-30
1
8ft
3
12-6
Locke
12-10
Loew's Inc.
1-15
12-31*
Loew's
12-20
12-28
12-14
1-
t$l
(s-a>_
3
Lord
12-18
12-15
5ft
1-15
12-15
5ft
30c
1-14*
12-28
37%c
50c
convertible
67*
convertible
(quar.)———
7 ft
preferred (quar.)
•
Paints,
Power
International
Shoe
$1
•
preferred
(quar.) —:
1
1
12-30
12-17
1
1-
3
Out.)
12-10
1
12-17
1-
Mapes
12-15
1-
12-15
2
Oil
7ft
preference R (quar.)
—;
Jamaica Water Supply, common (quar.)
preferred A
preferred B (quar.)
Joplin Water-Works Co., 6ft
Kahn's
(E.)
Sons,
preferred
Kansas City
pfd.
common—
(quarft—
Power & Light—
:
,
preferred (quar,)—
—
Kansas-Nebraska Natural Gas Co.—
preferred
Drug Co., $4.50 preferred
Kaufman
(C.
Kaufmann
ft
•
(quar,).,
Department Stores,
12-
12-
2
3
1-
1-15
1-
3
3
12-20
Kerr-Addison
Gold
Kimberly-Clark,
6 ft
1-3
12-14
y
$1.50
1-
3
12-14
$1.25
1-1
12-15
15c
12-15
12-17
.1-28
1-10-
preferred (quar.)
Klngsburg
Oil,
Cotton
B
-
$1 ft
;
Inc.
6ft
12-30
11-30
7ft
La
Salle
70c
62VaC
12-29
12-22
12-29
12-22
non-cum.
$1
12-28
12-21
1
12-18
1-
$5
-
2
12-22
12-15
1-
3
12-23
12-15
6ft
1-
3
12-15
3
12-15
North
62y2C
1-
2
12-15
North
t30c
1-17
$iy4
12-31
$1.75
2-15
1-31
12-15
12-15
12-
1
1
Northern Central
$1%
1-
1
12-
1
Northern Natural
$iy3
1-
1
12-
1
1-
1
12-
1
$1.50
1-
3
12-15
$1.75
$3
(s-a)
common
,50c
4
■
—
$2
50c
1- 3
12-15
1
12-27
12-29
12-20
1-
1-
1
12-20
12-29
12-20
5c
12-29
12-14
6 (4 c
12-30
12-20
5C
common
——
Investment
(quar.)
12-29
12-22
iquar,)
$iy4
$1.75
ft
1-
1-1
12-20
1-15
2-
1-
1
5
12-31
(quar.)
„_ftft—ft—
&
Mohawk
——
1-
3
12-17
3
12-15
7ft
t50c
1-
3
12-15
1-
2
12-27.
t$l
1-3
3714'c
12-28
<v..
75c
50e
1-15
12-15
12-15-
1-15-
,
;
-
Liquer
6C
1-15
12-31
,1
12-31
12.-31
Monongahela
7ft
Corp.___
5ft
3
2
12-15
82
1-
3
12-
1-
3
12-20
1-
3
12-20
1
5e
3
12-15
3
12-17
2c
Public
1-15
12-22
1-15
1- 3
Ry.
43%c
common,...,
—
Montgomery tWard •& Co., common. (quar„)__
$7 class .A fquar.)_
1
1-
1
12-22
1-
1
12-22
18%c
1-
3
12-
Water
A
J:—;
■
-
7ft
Ohio
2nd
preferred
(accum.)
1-
3
12-15
87 (4 c
1-
1
12-15
10c
12-29
12-15
$1.(4
12-29
12-15
50c
$1%
1-15
12-10
1-
12-10
2
12-31
1
1-
4
$1.25
12-31
$1.75
1-
3
12-20
$1.50
$1.50
1-
3
12-20
1-
3
12-16
87% C
■
1-15
1-
3
12-15
1-
3
12-15
1-
3
12-15
$2
l$r.25
'/
50c
12-27
7V4c
12-30
12-17
■
.
/
12-15
125c
1-
3
11-26
$3
(quar.)„
(quar.)—
——
12-15
3
12-15
1-
3
12-15
$1.50
I-
3
12-15
1-
3
12-15
$2
1-
3
12-20
$1.75
(quar.)—
12-11
3
1-
$1.25
preferred
3
1-
$1.65
—
1-
$1.75
Public. Service,
preferred
12-31
2-
$1.80
(quar;)
7ft preferred (quar.)„
preferred (quar.)—
5y2ft preferred (quar.)—
1
5
1-25
1-25
112c
i$l'/o
L____
(quar.)——
1st
12-4
■
Co., $7.20 preferred
preferred (quar.)
$6.60 preferred (quar.)
$6 preferred
(quar.)
8ft
12-31
$1
Ohio Edison
Leather,
6
1-15
12-27
(Minn.)—
Co.—
class
12-22
50c
(year-end 1
1-
3
12-20
$1.75
1-3
12-20
$1.50
1-
3
12-20
$1.37%
1-
3
12-20
$1.25
1-
3
12-20
1-
1
Ohio Service Holding Corp.—
$5
Ohio
non-cum.
Water
preferred
(quar.)
— ________
Service,
class A (year-end)-—
Gas, common (quar.)_;_
$3 preferred (quar.)-$5V2 conv. prior preferred (quar.)—
Oklahoma
Natural
Old
Colony Insurance (quar.)
Colony Trust Associates (quar.)—
Omnibus Corp., 8ft preferred (quar.)
Ontario
Loan
&
Debenture
—
Electric
Ry.
(quar.)
12-30
12-10
35c
12-31
12-15
75c
12-31
12-15
$1%
12-31
12-15
25c
1-
3"
1-15
12-14
1-
1
$2
1-
1
12-15
1-
3
12-15
J25c
t$l%
2-15
2-15
1-15
$1.25
12-31
12-24
$1.50
12-31
12-24
1-15
f50c
(quar. J
5ft
sec.
(quae.)
1-
3
12-
$15c
1-
1
11-10
$$1.25
Ottawa Light Heat & Power Co.* com.
preferred (quar.)
Otter Tail Power, $4y2 dividend
12-10
$1%
t$l%
—
(quar.)
Steel Products (quar,)—
7ft preferred (quar.)—
Orange & Rockland Electric,, 5ft pfd. (quar.)
67c preferred (quar.)
Ottawa
$1.25
$5
Old
Ontario
Service—
$3.50 pfd, (quar.)
Utilities,
preferred (quar.)
1-
1-
$1.75
(quar.)
1-
3
$2
Corp. (quar.)/.
Ogilvie Flour Mills, common (quar.)_
12-17
1-
—
(quar.)
Chemical Co.,
Montana-Dakota
1-
$1.20
(Springfield, Mass,)
West- Penn
preferred
Monroe
$1%
$1.50
t30c
Porcupine Mines (s-a)
Monongahela Valley Water Co.—
preferred
;
t$iy8
Mor.eta
1-
62140
_____
(quar.)
pfd. (quar.)-—
4.ft pfd. (s-a)_-
Semi-annual
J$1
1
Birmingham RR.,
(quar.)__
Containers; Ltd., common, (quar.)
pi'eferred ,-(quar.)__—
Monarch Life Assurance
37!/2C
.
$6
12-10
75c
Nu-Enamel
12-15
& Light,
12-10
Gas
6ft
preferred B
Power
12-
3
3
(quar.)
3
(quar.)
(quar.)__
Mississippi River Poweiy 6ft pfd.
Missouri Edison Co., $7 preferred
3
1-
sivia
Nova Scotia Light & Power (reduced
quar,)_
Novadel-Agene Corp. (quar,)-
preferred
1
Sl'/a
Norwalk Tire & Rubber, 7ft
pfd. (quar.)__A
Norwich & Worcester RR., 8ft
pfd.
1-
i2c
J
—
12-15
12-13
1-
'
—
preferred (quar,)
Oft preferred
(quar.)—
Northwestern Telegraph Co. (s-a)——__
$iv2
ft 10c
'
—
12-20
12-13
12-27
1-
R,y. (s-a)_______;
(quar.)
Northwestern Electric, 7ft
12-15
(Ontario)—
ft
3
1-3
1-
12-
12-27
~75c
(quar.)________
preferred
12-31
Corp.—
preferred
6%
12-10
$1
——
$7
Mississippi Valley Public Service—
Missouri
Car
Pacific
Ohia Cities
1-15
12-10
50c
(year-end)
Northern Ontario Power,
common——
3
■■
(quar.)
Northern States Power Co.
—
1
12-29
71%c
12-
12-15
2-
12-29
Gas
12-
12-15
12-27
12-15
shs.. held
1
1-
ft
Pacific
100
1
$iy2
,
of
1-
12-20
12-10
sh.
each
1-
12-20
12-31
1
for
$1 (4
3
3
3
125c
(quar.___
American
preferred
11-
10c
North American
3
6ft
div.)
com.
(quar.)
3
12-15
$114
Rayon, 6ft prior pfd. (quar.)
North Star Oil, Ltd., 7% pfd,
(accum.)—
1-
12-15
3
Co.—
(stock
12-16
1-
3
1-
$1%
,
—
1
1- 3
1-14
(year-end)
1-
1-
12-10
Inc.
B
$1%
1
Aviation
A
$1.50
1-
$1.50
_______
preferred
$1.50
12-24
12-24
12-31
$1.50
preferred
1
3*
3
3
Dock—
1st
/■
1*
1-
1-
$114
—_
1st
$iy2
2-
(quar.)
'$iy2
(quarterly)
$2%
preferred (quar.)
$6
$5
11-20
$2%
—
$6
$5
12-31
(quar.)
12-22
12-15
12-15
1-15
$1%
$6 pfd.
12-15
3
12-15
12-27
75c
5
1-
12-27
$1
(irregular)—
2
(quar.)
preferred
12-23
1-
$1 (4
12-10
$2.25
—
1-
6ft
12-27
3
$1.75
RR.
preferred
Northern
12-10
12-23
25c
12-20
12-11
3
12-15
12-27
12-
3
3
2
$1%
1
1-
1-
1-
$1.75
1-
12-27
1-
$iy8
(quar.j
12-15
35c
12-29
(quar.)
12-13
3
25c
$1.31 'A
;
3
1-
$1.75
Shipbuilding & pry
preferred (quar.)——
Electric
North
12-13
1-
$1%
2-1-44
______
3
______
& Light,
(quar.)
American
5% ft
1-
$1 50
(subject to approval of the
SEC)—____
6% preferred (quar.)
___/.
Ohio
$7
12-10
40c
Richmond-Gas—
American
&
12-15
12-17
12-18
common——
(year-end)
preferred
Common
6
12-15
1- 1
12-18
3
$1.75
50c
(quar.)—
Inc.,
3
1-
(quar.)-
$1.75
(extra)
preferred
1-
(quar.)
News
conv.
1-
12-10
12-31
Niagara Share Corp. of Md„ el. B common,
6ft preferred class A (quar.)___/__^—
Niagara Wire Weaving, Ltd. (quar.)
Noblitt-Sparks Industries;
3
Mobile
—
(interim)
5ft
12-10
12-27
12-15
Telegraph Co. (s-a)„
Power
&
prior
Newport
3
'
—
Langendorf United Bakeries, 6ft pfd. (quar.)
Class A
(quar.)
•
B
75c
1-
12-29
12-10
12-27
12-15
(quar.)
Newport Electric, 6%
1-
$lft
*
.
Class
25 c
4
3
1-
10c
Corp.'—t
(quar.)
ft—ft—4_
Landers, Frary„& Clark
62V2C
1-
12-15
1-
$1.50
$lft
Lamson & Sessions;Co., $2.50 pfd. (quar.)—,
Landed Banking & Loan (Ontario)
(auar.)_
.
1-15
12-30
$1.50
$1%
—.——
——ft
$1
f5c
f30c
12-15
12-27
■
pfd.
Service,
common
preferred
York
6ft
3
12-15
—————
7ft
(quar.)
Central
York
7ft
$6
5(4 ft
EX"tra ' —1
12-20
New
6ft;preferred (quar.)—:
Modern
&
2
___..
(quar,)
—
1940
Mfg.
preferred
Public
preferred
York
New
12-18
4
Loan
1-
1
12-18
12-20
(Irregular)
12-20
12-28
1-15
Lantbton
11-
2
—
participating .units
12-31
Co.
3
1-
Minnesota Power & Light Co., 7ft pfd.
(quar.)
15c
Lambert
12-13
1-
75c
Mississippi Power, $6 preferred (quar.)—_
—,—
Mines,. Ltd.
(quar.)
&
& Light Co.—
12-29
f$l.ll
12-15
1-
$1.50
New York Mutual
;_
12-15
1-15
3
:
62f2c
preferred
Refineries
Tool
'
(quar.)—
Water Co.,
Process,
"f7ft
12-28
Manufacturing Co.—
Gold
1-
12-20
1
20c
preferred
New
$1
(irreg.)
common
Dufault Mines
12-15
25c
,
(s-a»
12-31
Tool & Mfg.- Co. (year-end)
Minneapolis Gas Light Co.—-
pr-eferred (quar.)—
,25c
7ft preferred (s-a)__——,—-——$3.50
Lamaque
1
12-20
1-
1
__________
1-15
Miller
67%c
cOnv.
Lake
12-10
1-
12-16
1-3
$1 Via
New
preferred—
common
Products Co.,
preferred <quar.):__.
Midwest
—
(quar.)—
(quar.)
12-26
12-20
1-
New York & Harlem
RR., common (s-a)—
10% preferred (s-a) ________—__t
preferred
Steel
Mid-West
$1 ft
Water
preferred
$7
3
1-
Special
Jersey
1-21'
3
1-
33 %c
12-31
preferred (quarterly)__
12-22
Plant-Choate
,
1-
7
12-23
12-28
$1
—
New Jersey Power
1.
1
_
12-25
(s-a)
preferred
Midland Grocery Co.,
Midland
12-15
•
Assn., $2 pfd. (accum.)
(quar.)
New Haven
35c
series
12-10
>
.
12-
2-
1-
<accum.)„
1
(quar.)——
(quar.)
12-10
12-15
—
Industrial. Finance
Common
12-15
12-31
3
12-30
13 c
2-1
Co._____—__________
(quar.)
3
12-30
$1
12-20
1
1-
1-15
1-
c
$1.31%
50c
preferred
Corp.,
2
17fte
La
Hat
1-
12-27
(year-end)-
preferred class A
4)4 ft
preferred
12-27
2nd preferred (quar.)
Telephone,
1-10
Common
1-15
i2v2c
$3
$4 pfd. (initial quar.)
7%
1-
37ftc
•
(quar.)—
England Tel, & Tel. (irreg.)
New Hampshire Fire Insurance
Co.—-
lv
1-11
1-15
1
$2
—
50c
extra
preferred (quarterly)
junior preferred (quarterly)
8ft
■
preferred
6ft
$2
————
Kroger Grocery & Baking—■6.ft 1st preferred (quar.)
6ft
6ft
12-,3
12-3
—
Crosse
12-20
12-18
12-15
.
7 ft
12-24
12-
1
1
$iy2
(accum.)
(quar.)
Power
preferred.
2-
22-
25c
,
common__
England
6ft
12-15
25c
(initial)
1st preferred (quar.)_______
England Fire Insurance (quar.
New
12-13*
12-30
$1%
common
___4
(extra)
Michigan Public Service Co.—
3
1-2
12-30
Koppers Co.. 6ft preferred (quar.)—;
Kresge Department Stores,- common— ft ft
4ft- preferred
(quar.)--—
La
3
1
Ltd.—
Refrigeration, 7ft
preferred
12-27
(quar.)_
Stores,
11-
'
(quar,)—
preferred
Kobacker
12-15
1
50c
$5.25
New
1-
1-15
12-31
87ftc
(year-end)
preferred
preferred
Corp.,
12-13*
37ftc
(quar,)_____
new
preferred
1
$l'/2
—
(s-a)__.
_—
—
1-3
25c,
3
$ 1 (4
(quar.)
Miners Transportation (quar,)
preferred
1-15-44
———,—1ft-
1-
Nehi
Co.
$2
1-
25c
Refining—-—
Supply,
prior
(quar.)
$$iy2
(s-a)
$7 prior preferred (quar.)
Meyer-Blanke Co., 7ft, preferred
Michigan Associated Telephone—
1-2
.
—
1st
25c
Knapp-Monavch, $2ft preferred (quar.)_—$2.70
(quar.)_
Machine; Co;
2c
common
3-20
(s-a)
$ 1 Va
•
(•:
12-20
1
___
Stores,
Co.,
—25c
—
preferred
ft'
'—--
1
$1(4
preferred (quar.)-__
$3 prior preferred (quar.)
t8c
v
;
Klrsciv Co., class A
Class
preferred
Metropolitan Edison, $5 preferred
$6 preferred (quar.)
37)40:
—_—_———
&
6 %,
1-
12-20
6%
12-18
50c
$7
-
514%
Mfg. Co,
Car,
3
12-13*
137 ft
New
____.
Mines,
Co.
&
5 ft
Merchants &
Merchants
5V<ft
3
3
1-
Co., class B
Dredging
Co,,
Mercantile
ft
(interim)—
(quar.)
common
Men gel
Mesta
—:
Mines
.
Merrimac
1-3
7
&
Sugar
National
12-20
30C
Meadville Telephone,, 5ft preferred (s-a)
Melclmrs Distillers, Ltd., 6ft partic. pfd
12-15
1-
National
$1.25
12-14
50c
12-
4-
25c
Co.,
& Robbins,
preferred
1-3
;
-——
Oil
&
Johnson
7ft
1-1
$1%
12-11
$1%
—
Cockshutt
$!»/+
$1.75
—_—_
National Steel
$1%
(year-end)
Co.
Porcupine
(A, G.)
$1%
.
"Class B
Mead
It- 3
1
1-
12-31*
'12-28
12-27
75c
Gold Mines (interim)
Petroleums, Ltd., partic. pfd. (sra)
McQuay-Norris, Mfg. Co. (quar.) ___________
12-17
1
Keith-Albee-Orpheum Corp.—•
!
'
.ft
'■'■"7ft conv. preferred (quar.)—$1.75
Kellogg Company, common————ft——' •>■■■', 25c
Kelsey Hayes Wheel, class A
37V2C
.
$1(4
(quar.)—
Electric
'
(quar.)—'
A.)
12-29
(quar.)
2nd series
preferred
McKesson
1-18
ft
■
1-3
$6 (4
_____
Standard
3
12-
1
15c
New Orleans
ft
(quar.) —....—ft—■
12-27
Screw
National
12-
3
1-
87y2c
12-15
Merck
——
1-15
50e
(special)
12-10
/ft
-
1-15
National
3
1-
15c
(quar.)
12-15
12-20
,
$6
Katz
$1.50
12-10
1-
50c
Co.
12-31*
12-10*
12-31
25c
Mfg.
12-15
1-2
—
1-15
preferred
conv.
12-31
$1.75
$6 preferred B (quar.)—
Kansas Electric Power, 5ft preferred (quar.)
Kansas Gas & Electric Co., 7 ft pfd. (quar".)
12-31
50c
$1
12-10
6
Screen
$1.50
12-31
McWilliams
1-
National
$1(4
12-10
1-
12-15
t$iy2
37J/2c
6ft
:
1-
3
(quar.)—_
McLeod
1
National Radiator
1-
$1,25
McManus
1-
12-15
B
New London & Northern RR.
Extra
12-15
1
12-20
12-24
3
12-10
McGraw
12-13
1-1
1
1-
$3
11-30
1-
1-
1-3-44
12-27
12-15
—25c
National Lead, 6ft preferred
National Motor'Bearings—
2 7 (4 c
12-21
1-15
1-15
25C
12-31
12-31
$1.50
(quar.).—
.___
12-31
$2
Mclntyre
$1)4
—
1-15
$1.62(4
12-21
3
$1.75
National Gypsum Co.___
$iy2
McKee
$1%"
(quar.)_,
5ft
National Grocers,
12-31
31 tic
_
3
1-
$1.75
(quar.)—/
Ltd., $1.50 pref. (quar.)__
12-31
1-15
40c
_
12-21
1-
12-21
$1.75
(quar.)
1-25
$6
11-30
2-1
Gas
3
75c
New
12-28
ft
National Fuel
1-
50c
—
A
12-20
$1%//-' 1-1
—
12-17
3
143c
tquar.)
12-20
11-30
12-31
3
Mfg.
class
12-11
$1
Johns-Manvllle, 7ft preferred quar,$1%
Jones & Laughlin Steel, common———ft50c
$5
(quar.)
1-
&
preferred
3
$114
preferred (quar.)
—___$lft
"7ft preferred (quar.)$1%
JeweL Tea Co;, Inc.,, 414% preferred (quar.)$1.06%
.
$2
conv.
1-15
1-
50c
;
(year-end),
City Lines,
$3
1-15
3
3
Chemical
National
12-11
1-
150c
(quar.)—
pfd. (quar.)__
$7
$1.25
Tel., common (quar,) _____
(quar.)__——_______
MeColl-Frontenac
12-15
II-30
3
National
9-30
12-21
Inc.,
37 (4c
V.
—
11-30
1-
6ft
*7 ft
12-20
1-
9-30
1-15
12-28
30c
——
Co.
1-
1- 3
xl%ft
(quar.)————
Jersey Central Power & Light—
5 ft ft
preferred (quar.)
——4—
•5ft
National
12-28
12-15
15c
7ft 2nd preferred (quar.)
National Cash Register, common
40c
12-31
50c
;
12-29
50c
12-15
1-1'5
$1,75
'
;____
—
Casket
12-27
12-28
12 '/2c
(quar.)—__________
Breweries, Ltd., common (quar.)—:
7ft preferred (quar.)^
National Candy Co. Inc. (increased
quar.)
7ft, 1st preferred (quar,)—
12-17
12-28
x$l%
Co
1-15
(quar.)— _—4,
25c
Public Service, Ltd^ com. (quar.)—
17c
D (quar.)—.—xlV4ft
xllift1
Biscuit
1-15
Massachusetts Plate Glass Insurance
(quar.)———1—-;
12-18
National
$1.75
preferred
12-10
12-16
National
17ftc
6ft
1
■National Bond & Share
12-31
(quar.)___
6ft
1-
12-28
1-20
50c
preferred (quar.)__
preferred class C (quar.)___
7ft
20c
;
Corp.
12-10
$1.25
1214c
(quar.)—_
Field & Co.*
12-22
1
Manufacturing Co.—
preferred (quar.)—
m.75
,
&
Tel.
preferred
3
1-
93%c
—
Massawippi Valley RR.
(quar.)__
12-17
12-28
Marven's, Ltd.," 6ft preferred (quar.)_—___
Maryland Drydock Co., common.
7ft
preferred
(quar,)—
12-20
1- 3
12-27
25c
Mfg.
1
1-
RR.—•
pfd. (quar.)
7ft
common
2-
(s-a).—
12-17
12-20
Co.
30c
Decatur
12-17
12-20
preference
12-24
&
preferred
12-31
1- 3
$1.62Vs...
__________
Irving Air Chute
,
3
12-21
3
1-
12-24
12-18
12-10
10c
17V2c
7ft
1-15
1- 3
1-
12-31
3
12-29
37ftc
2nd
2-11
12-21
1-
12-23
12-27
3 ;$i.37ya
12-31
1- 3
Electric
$2
______
———$1.75
preferred
12-17
2-25
12-31
12-30
25C
Fund—
Maritime
12-24
12-17
$5
1st
Inc.
Corp,
12-22
Jefferson
$5
$1
12-23
1-15
$iy2
Marion Reserve Power, $5 preferred (quar,);.
Water Co., 7ft
pfd. (quar.)—
1-15
preferred A
Nashua
12-10
1-15
_____—
Marion
12-27
.
preference C
1-15
12-30
JS6
12-29
....
Public
7ft
1
(s-a);
Fund "C Inc.———.——— ;/
10c
Mutual, Inc. (year-end)
25c
Service, common, (quar.)10c
$6 1st preferred (quar.)—.—————
$1.50
—
Investors
5ft
7y2ft
2-
15c
12-30
120c
(quar.)__
50c
—
Consolidated
Margay
1-21*
1
Investors
5ft
Nashville
12-11
Manufacturers
Marshall
Jamaica
12-11
3
Mansfield Tire & Rubber Co., 6ft pfd. (quar.)
Life Insurance Co.
(Toronto,
12-31
12-11
3
Brothers,
Marlin-Rockwell
(quar.)
3-15
3
1-
75c
(year-end)
Manischewitz (B.) Co., 77a, pfd. (quar.)—
7ft preferred (quar.)
4_—
1
1-
$$1.75
—.
(quar.)
1
1-
$1(4
t4c
____
12-1
1-3-44
$1.18%
(quar.)—
Investment.
4-
______________—
——
3
12-
preferred
preferred
25c
(quar.)
12-15
preferred
5
6ft
25c
(quar,)____
12-15
1st preferred
2-
3
Mutual Chemical Co. of America—
$ 15/'a
$2
Theatres,
preferred
1-15
1st
1
50c
(quar.)
Macy (R. H.) & Co.
Mahoning Coal RR.,
5 ft .preferred
1-10
1-
——
(Initial)—
3-
1-
12-30
$1.25
Mutual System, Inc., 6ft
pfd. (quar.)
Myers (F. E.) & Bro. Co.—
Nash-Kelvinator
(quar..)____
Lunkenheimer Co., 614ft preferred
Lykens Valley RR. & Coal (s-a)
; $25c
$75c
$7
Mutual
12-18
—
2-1
$6.50
12-18
Corp.
(quar.)
,$1.75
Iowa
12-31
12-31
50c
_____
75c
12-17
2-
1-12
$50c
_—
Investment Foundation, com.
6ft
preferred (quar.)
12-18
1-10
2-
$1.50
5ft pfd. (accum.)
Co., 7ft pfd. (quar.)—
(quar.)—
Chain
Aircraft
MacWhyte Co.
12-10
12-31
$1.75
—
(quar.)
■/
45c.
International Silver Co., 7ft.pfd. (quar.)
$1.75
International Telegraph (Me.) (,s-a)
96tic
International Utilities Corp., $3.50 pr, pfd._ ::;; 87%cInterstate Department Stores, common
25c
7ft
3
12-30
50c
International Ocean Telegraph Co.
International
12-18
12-31
(quar.)___i
Taylor (quar.)
Mandel
;
International
12-20
2-
50c
.
—
(quar.)
1-15
1-
$$1%\
preferred (quar.)———International Nickel Co. of Canada—Common
..
t$l%
:
ft
4
12-31
—
Gas & Electric Co.
(Ky.), com.__
preferred ($100 par)-(quar.)________
preferred ($25 par) (quar.)—
6ft
"A" (quar.)
Chemical, com
&
12-18
.■
preference
International Minerals
12-15
Lynchburg; & Abingdon Telegraph Co, (s-a)
Lynn Gas & Electric (quar.)
:
MacAndrews <fe Forbes,, common (year-end)_
12-20
2
1-
—$25c
preference
1-1-44
25c
(quar.)
(quar.)___
LudlovA Valve Mfg., 514,ft non-cum. conv. pfd.
-
6ft
12-10
5(4ft
12- 1
40c
12-13
Louisville
1-28
(quar.)_
12 (4c
common
(Marcus)
&
1-3
1-15
37V%c
preferred
1
Loomis-Sayles Second Fund (quarterly)—.
Long Island Safe Deposit (s-a)
12-18
20c-
(quar.)--——
$5
12-27
(quar.)_
Candy Corp. (year-end)
Loomis-Sayles Mutual Fund—
$$4
*
vv;
Corp.,
Co
$1.62(4
(quar.)
Loft
12-20
5 7o
(interim)
Munising Paper, 5ft 1st preferred (quar.)—'
Murphy (G. C.) Co., 4%ft preferred (quar.)
Murphy Paint Co., common (quar.)—
Brass
$1(4
1-15
International Harvester Co.,, common (quar.)
A
12-31
1-15
1-
Finance
50c
12-31*
Steel
12-28
:
Mueller
__________
1-15
1-
12-28
Year-end
Class
Co.,
preferred
50c
Industries, Ltd.—
1-5
12-15
Motor
12-
3
1-3-44
$1.75
1-15
$4
12-17
2%c
(quar.)
1-20
(quar.)—.
12-27
12-15
1-
—10c
Products
1
pfd.
f40c
_______
Lockheed
dividend
International Metal
$iy8;
1
Amer., 6ft
3
1-
50c
___J
of
1
1
1'■
15c
(s-a)
Extra
12-15
12-
3
50c
Morrison Cafeterias Consolidated—
7ft preferred (quar.)
Schuylkill Navigation RR. & Canal (s-a)
Loblaw Groceterias, Inc., common (reduced)
Lock Joint Pipe, common (monthly)—,____ft
Powders, Ltd.—
Cellucotton
12-15
12-
$1%
preferred A (quar.)_,—
Long Lac Gold Mines (irregular)
Little
International Button-Hole Sewing Machine—
International
prefei-red
414 ft
12-22
International Business Machines—
Stock
Morris Plan Co.
Little
$1.25
—
12-24
$1.30
Extra
12-13
$3
(s-a)
common
12-14
7
1-
of Ree.
1-15
$iy2
Moore (Wm. R.) Dry Goods
(quar.)
Morris Plan Bank of
Virginia
6 2 (4c
:
________
5
12-28
$134
1-3-44
(quar.)
preferred
conv..
11-30
15c
Ltd.—;
preferred
$1
3
50c
(quar.)
12-21
7. ft pfd, (quar.)_
Works—_____—
614% preferred (quar.)
Liquid Carbonic Corp., common
7
I-
preferred B
$134
5c
Link-Belt
12-31
:
.
(quar.):
6%' partic.
,
50c
:•
Common
1-
$1.25
___________•'
Inter-City
1-15
(quar,)
12-21
$1.75
Tobacco,
Myers
A
7ft
12-21
preferred
Holders
1-
$55ftc
j66V2C
7ft
Payable
J 4 3c
common
$1
________
Belt Co., 614ft. preferred
$75c
(s-a)
&
12-31
'
*
America
12-21
Corp., Ltd.,
5c
7
1-
■
Ctfs.
12-
30c
30c
$1.3114
Extra
Extra
3
Moore
12-31
Extra
v
—$2c
of North
Insuranshares
■\l~ 3
12-15
When
share
(quar.)
12-31
7
1-
(irreg.)
'
(increased)'___.—;
Locomotive
Link
12-20
Ingersoll-Rand, 6% preferred (s-a)—-—
Inspiration Mining & Development Co., Ltd.—
Insurance Co.
Liggett
Common
$1%
—
20c
(Charles), 7ft preferred (quar.)
414 ft preferred (quar.)
Lima
$1.50
Montreal Telegraph Co.
12-31
25c
Lexington Telephone, 5.2ft
12-
Name of Company
12-10
$9.52
(quar.)____:
12-14
I
Per
of Rec,
$3
12-31,
i-
Holden
3
'Extra
(s-a)
Levy Brothers Co,, Ltd. (interim)™^
/
Resumed—-
preferred
12-27
,
2617
12-27
60c
____;
'
11-16
1-10
(quarJ
Corp
______—;
i
Lerner Stores,
12-27
1
Corp., com, (interim)-
preferred
(s-a)
Lehman Corp.
'■
•
l-
30c
Participating
Lehigh Portland Cement Co., 4ft pfd. (quar.)
,
Industrial Brownhoist Corp.—
conv.
6ft
Leitch
■•'"/l|
Payable
UTftc
—__________
12-15
*' $1.50
$1.75
—
_____
60c
Steel
Extra
•
6-10
75c
7%
preferred (quar.)——/.—
Indian. MotoGycte, 6ft: non-cum., pfd. (s-a)__
Indianapolis Power & Light, common—..
5%ft preferred (quar.)
Indianapolis Water, 5%. preferred A (quar.)
Industrial Rayon
(quar.)___„
Lipe-Rollway Corp., class A
(quar,)..—
Industrial Acceptance
57* conv. preferred
Common
12-11
2-
_
„
Electric
share
of Company
& Sons
When
Lawyers Title Insur, Corp. (Richmond, Va.)—
Corp.—
$3
preferred (quar.)
______'
Indiana General Service Co.,. 6% pfd. (quar.)
Indiana & Michigan Electric Co.—
67*
Latrobe
6
$1.25
Chemical
&
(John A,)
1- 3
1- 3
J 10c
(quar,)
•
12- 6
1-3
7- 1
Independent .Pneumatic Tool, v.t.ci,—50c
Indiana Associated Telephone Corp.—
preferred
Lang
,
$1%
$30c
Imperial Tobacco of Canada—
$5
12-20
..
.
Leased Lines, 4% gtd. (s-a)___-_—-—$2
Illinois Comm'l Telephone (Madison, Wise.)—
Ordinary
Name
12-15
■
Mortgage, Corp. (quar,)__—_
Huttig Sash & Door, 7ft preferred (quar. )__
Illinois* Bell Telephone Co.——
Per
of Reo.
12-31
1- 3
$1%
(interim),
(interim)^——,
B
<
$1.50
$50c
$$1
Ltd., .class A
Class
Payable
share
.
preferred
Holderi
When
,
1-
1
11-10
$iy8
1-
1
12-15
1
THE COMMERCIAL &
2618
v
(year-end(_____ '
Inc.
Co.
Pacific
Indemnity
Pacific-American
$5.50
Extra
(quar.)
Richfield
Oil
3
12-15
Richman
3
12-15
Richmond
1-
3
12-15
1-
2
12-15
50c
50c
$1V4
10c
$!%
6%
preferred (quar:) ———
$l'/a
Packer Advertising (quar.)——,——
$1
Fage-Hersey Tubes (quar.)——
:
¥$1V4
Panhandle East'n Pipe Line, 5.6% pfd. (quar.)
$1.40
Paramount Pictures, Inc. (increased quar.),
40c
Parker Appliance Co. (quar.)
——
25c
Parrafine Cos., 4% preferred (quar.)———$1
.
Consol. Inc.—
Mines & Enterprises
American shares
12-15
1-
12-23
Rolland
12-20
Rollins
1-1-44
12-15
Rome
1-24
1-14
6%
non-cum.
12-15
12-15
1
12-15
3
1
12-15
12-31
12-15
3
1-3
12-15
12-29
12-10
1-15
3
Pressed
Steel Car,
common-—--—
1
12-31
2nd
11-30
12-15
12-31
12- •27
12-17
1- 15
5%
preferred
Quaker Oats, 6%
Iladio
of
Corp.
1st
$3(4
(quar.)
preferred (quar.'i—
America,
12-20
12-15
preferred
5%
Reece Button-Hole
Reeee
Reed
preferred
Drug,
Class
common
(quar.)—
Reed-Prentice Corp.,
Reed
Roller Bit
Co.
12-24
3
12-15
1-20
12-
Skenandoa
12-27
12-
1
5%
12-27
12-
1
5%
Renssalaer
&
Saratoga
(interim)
—
(quar,)
.
12-24
3
12-10
South Carolina Elec.
1-15
12-20
1-15
12-20
South
1-15
12-15
6Ye
1-
1
12-10
1-
1
12-10
1-
1
12-10
1-15
12-15
12 24*
5%
12-
Common
^
;
•
——
12-15
Union
1-
1
12-15
Union
12-27
12-17
Union Investment
7
12-27
12-15
12-31
12-
8
3
12-15
12-31
12-24
Southern
Canada
partic. preferred
6%
Southern
1-
1
12-15
1-
1
12-15
United
1-
$1.25
5C
12-10
¥30c
1-28
12-28
10c
12-27
12-16
12-20
1-
12-20
12-20
1-15
1-15
$iy4
12-31
12-10
$iy4
12-31
12-10
50c
12-28
12-13
$iy2
¥$iy2
12-28
12-13
1-20
12-31
$1.50
12-28
$1.12(4
50c
(monthly)
preferred
common50c
preferred—$1.25
(quar.)——$2!/2
Machinery, common (quar.)—
• 62(4c
partic.
$3
12-10
United N. J. RR. & Canal
12-15
United Shoe
1-3
12-22
(quar..
U, S. Cold Storage Corp.—
:
1-3
12-22
1-
3
12-15
U.
1-15
1- 3
U.
1-
3
12-15
1-
3
.
S.
—:
$2
1-
3
3-
1
3-
1
2-15
1-15
12-20
1-15
12-20
¥20c
2-15
1-20
¥$iy2
1-15
12-20
U,
(quar.)_——
(accum.)
U. S. Leather Co, conv. partic. class A (irreg.)
Convertible partic. class A (irreg.)
25c
12-28
12-17
1-15
England Telephone (quar.),,
Southwest Natural Gas, $6 pfd. A (accum.)
Southwestern Associated Tel., $6 pfd. (quar.)
Southwestern Gas & Elec., 5% pfd. (quar.)
Southwestern Life Insurance Co, (Dallas)—New
12-31
$2y2
12-29
$5
12-22
$iy2
1-
1
1*
3
1-14
1-12
1
prior preference (quar,)_,
—
United States Lines, 7% prior pref, (s-a;—
U. S. Playing Card (quar.)____
U. S. Plywood Corp, common
—
$1.50 conv. preferred
12-15
1-20
35c
U.
11-29
Service—■
(quar.)—;
Southwestern Public
3
12-20
1-15
11-27
I-
preferred
6lA%
1-
1
12-14
1
12-10
1-
12-10
1
2-
2-29
1
12-17
1-26
Western RR,
$2.50
(s-a)
Spencer Kellogg & Son—•
< •
Stock dividend (one share for
held)
12-27
12-
12-27
12-
each five
1,———
__———
1-13
12-23
2
12-15
Squibb (E. R.) & Sons—
$5 preferred series A (quar.)
—
—
$4.25 preferred series B (initial quar.) —
Standard Fruit & SS., $3 partic. pfd, (accum.)
Standard Fuel, 6!/2%
pfd. (accum,),
—
Standard Oil Co. (Ohio), 5% pfd. (quar.)
Standard Paper Manufacturing Co.—
1-
1-
3
12-15
12-28
12-20
12-28
12-16
12-15
Common
12-28
12-15
6%' preferred
1
12-20
12-27
12-18
Class
12-29
12-18
Standard
2
12-23
Radio,
Standard
B
1-
3
12-151
$1.75
1-
3
12-15
Utlca
$l'/4
1-
3
12-31
Class
A
6%
12-10
1-
12-10
Stayton
1-
12-15
Stecher-Traung
12-10
1-
12-10
1-
12-15*
12-27
12-10
12-27
12-10
3
12-23
11-
1
1-
1
2-
12-15
12-15
Oil Co.
(quar.)
5-
1
8-1'
1
preferred
Steel Products
12-20
¥$2
1-
3
12-15
Vlchek
$1.25
1-15
12-31
12-29
12-15
12-29
12-15
1-10
12-21
1-10
12-21
3
12-17
$3
1-
31V4c
2-15
1-29
12-31
12-17
12-15
12-27
$iy4
12-31
12-17
37y2c
12-31
12-17
(quar.)
—
7% preferred (quar.)
Strawbridge & Clothier,
(quar.)
¥15c
1-
3
12-20
¥75c
1-
3
12-20
¥75c
2-
1
¥75c
—
Engineering
Stokely Bros. & Co, 50%
preferred
1-15
15c
•
(quar.)
Stix, Baer & Fuller,
$5
1-15
1
Lithograph Corp.—
preferred (quar.)
Common
(irreg.)
Stedman Brothers, Ltd., common (quar.) —
6% cony, preferred (quar.)__
Steel Co. of. Canada, common (quar.)„.
1
II-
1
1
,
2-
1
20c
43 %c
2- 1
~
1-20
.
12-20
50c
1-15
5-15
12-10
4-10
1- 1
11-12
1- 3
1- 1
1-20
1- 3.
50c
12-27
$1.25 1-15-44
$1*25 4-15-44
$1.25 7-15-44
40c 3-10-44
40c 6-10-44
50c
30c
$1.18'!4
12- 2
12-16
1-10
12-20
12- 3
1- 3*
4- 3*
7- 3*
2-25*
5-25*
5%
prior preferred
1-
7
1-
7
12-27
12-15
12-31
12-15
prior pfd. (quar.)
25C
1-
1
12-23
5%- pfd. (accum:)-
$iy4
1-
1
12-10
$iy4
1-
1
12-10
Bag,
Vanadium
6%
Corp.
Tool,
common___„__
______
preferred (quar.)
Virginian Ry, 6% preferred (quar.)________
6% preferred (quar,)
6% preferred
(quar.)
Vulcan Detinning Co, common (irreg.);
7% preferred (quar.)
7% preferred (quar.)___
7%
Wabasso
Cotton
Ltd.
2nd
Washington Title Insurance, com.
6% non-cum. class A preferred
Waukesha
Motor
Co.
(quar;)
12-29
2-1
1-3
75c
15c
1-1-44
62(4C
$1(4
25c
.JlOc
1-3-44
-
.
¥$1.25
10c
$1.75
37(4c
37(4c
37.V2c
$1(4
$l3/4
$l3/t
12-31
12-31
12-31
12-30
1- 3
12-28
12-28
2-1-44
5-1-44
8-1-44
3-20
1-20
4-20
1- 3
$1%
1- 3
75c
1-3
30c
12-29
$3(4 •
1- 5
$1(4 '
2- 1
67(4c
$1.50
$1.50
25c
—
6% preferred
Wellington Fund, Inc. (irregular)
Grape Juice Co.—
preferred (quar,)
7% preferred (quar.)
7% preferred (quar.)
__
(quar,)__
(quar.).
Wayne Knitting Mills,
1-15
65c
$1
$2
¥$1
(quar.)_.
Corp, 7% preferred>(quar.)
preferred (quar.)__
—
Walworth Co, 6% preferred (s-a)__
Ware River RR, gtd. (s-a)____________—Warren Brothers, $2.50 class B (s-a)_______
$1.35 class A (s-a)
:
Wagner Baking
$3
17(4c
12-30
12-16
1-12
12-17
12-27
12-24
.
1-
75c
(quar.)_
.
2-
¥10c
(s-a)_
Co.—
2-
75c
5%
7%
Knitting
75c
(quar.)__—
preferred A
1-
1-
12-18
$iy4
,
Stanley Works (The), 5% preferred
Starrett (L. S.) Co. (irregular)—,
1-
12-18
5l.06y4
¥10c
Co.,
*
(quar.)__
preferred (quar.)
of America
___________
Ventures, Ltd, common (interim)
Viau Ltd, 5%
preferred (quar.)—
(quar.)
Screw
—
25c
$1.12
5
$1.50
(quar,)
—_—
____________—
conv..
Valve
(irregular)
,
(year-end)______
(quar.)____
$5 preferred
12-15*
12-28
12-28
.
12-20
12-15
12-15
50c
:
35c
3
70c
12-18
$134
5% preferred (quar.)—
12-28
1-
pfd. (quar.)
common
12-20
United Stockyards
5
1-
1-15
12-28
$134
Springfield Gas & Electric Co., 7%
1-
Co.i
preferred (quar.)
$5 preferred (quar)
6.4% preferred A (quar.)
6.4% preferred A (quar.)
8
1-
1-15
$1(4
(quar/)_
(quar.)'
Sugar Corp,
12-20
12-27
1- 3
v/1- 3
12-31
.' 1- 3
12-27
'
$5
8
12-14
12-28
75c
Springfield Fire & Marine Insurance
Potash
S.
12-20
12-14
1-10
1- 5
$l3/4
;
1-
Spicer Mfg. Corp., common
$3 preferred
(quar.)———
Springfield City Water, 6% pfd, C
l'/o preferred A (quar.l
7% preferred B (quar.)—
S,
U.
12-15
1-3
$l('t
>
Corp.— >
:
preferred (quar,)_____——.
Universal Cyclops Steel Corp.
(year-end)__
Universal Leaf Tobacco, common (quar.)__
8% preferred (quar.)
Upper Michigan Power & Light—
6% preferred (quar.)
Utah-Idaho Sugar, 60c class A pfd, (quar.)-,
20%
75c
Square D Co.,
1-
2-
$1.50
South
shares
1-
$1%
12-17
4-1-44 3-15-44
7-1-44 6-15-44
1- 3
12-15
.:■"
7%
12-15
$iy4
1-3-44
■',.:'
68%c
preferred
1st
12-15
12-15
12-15
„
conv.
preferred (quar.)
International Securities—
5(4 %
12-17
12-28
$1%
Process
—
Hoffman Machinery—
*•
1- 3
1-3
1- 3
1-15
12-31
1-10
,1- 5*
12-27 *• 12-20
2nd
S.
12- 7
'
25c
$1.75
$114
7% preferred (accum.)_____
Securities, $6 1st pfd. (quar.)
7%
S.
:
12-10
12-23
12-15
12-14
United States Guage,
U.
'.
12-23
12-31
—
Co,
12-10
■
12-29
1-15
preferred (accum.)$5
common (s-a)_,_,—• $2.,50
preferred (s-a)__.__-._w_^_.._——; • $1.75
United States Gypsum, common (quar.)_,__
'"'■ 50c
7%
preferred (quar.)
—
—■
$1%
2-15
121/4c
$6
12-15
37y2c
Foil
S.
U. S. :& Foreign
12-31
50c
25c
(quarterly)
Fidelity & Guarantee (Baltimore).—-
Extra
12-23
,
1- 5
partic. preferred
'4%
12- 3
12-20
12- 4
37(4c
preferred
6%
12-17
-
...
$l'/4
:—$iy4
______—$l'/4
Products,
Milk
United
::
Mfrs.—
preferred (quar.)
5% preferred (quar.)
5% preferred (quar.)
5%
34%c
12-14
30c
30c
30c
30c
6%
United Merchants &
25c
75c
50c
■/'. ;"i
58yac
53c
50c
.■'
prior preferred (monthly)—,--—
6.36% preferred (monthly)
—■
7%
3
1-
;
Railways Co. (Del.)—
United Light &
1-15
2-15
¥75c
75c
¥5c
class A
United Illuminating Co
1-10
3
'
(quar.) —
common
12-31
1
1-
$iy2
Share,
12-23
2-
62y2c
1- 1
1-3
1- 3
1 12-30
1-15
12-30
.',■ -'
1- 3
1-15
12-30
12-27
RR.
3
¥$134
$1
75c
95c
preferred (quar.——
United Fruit Co. (year-endt—,
United Gold Equities of Canada (irreg.)—
¥15c
i2y2c
12-27
,
United
12-31
12-18
1-15
1- 3
15c
(quar.),
12-23
12-18
12-17
12-17
i.:.-
•
12-11
1-15
l-l
50c
(year-end)
12-15
12-10
12-15
12-22
12-15
12-24
12-24
1-1
1- 3
1-^1
$$1.75
1
1-
12-10
$1%
12-30
6%
12-20
12-18
$1-50
¥$1
25c
Drill
&
12-21
1- 3
1- 3
1- 3
•
Co, 7.6% preferred
12-3
1- 3
1- 3
¥$iy4
40c
¥$1(4
$1%
(quar.)
$1(4
(quar.)—75c
Ltd. (irreg.)
—
J35c
Corporations Ltd, cl, B (year-end),
¥30c
Fuel' Investments-—
/,:•••,-,■ ■'
S3
35c
Franklin
Year-end
Southern
1-
Power,
Eag & Paper Corp.
Carbide & Carbon
United Bond
37»/2C
5V4%
2-
1
California Edison—
original preferred (quar.)——
preferred C (quar.)—
12-24
7
12-20
10c
common.
—
Southern
3
1-
1-
1-
& Gas—
preferred
12-28
1- 3
South La Salle Street
30c
11-30
1-
1-
208
Pacific
(quar.)————:
South Porto Rico Sugar, common (interim)8% preferred (quar.)———
■
—
Southeastern Greyhound Lines, com. (quar.)
iV2%
12-29
12-28
__u_——
Ltd, 7% preferred (quar.)
Corp. (quar.)—,,
Tuckett Tobacco,
12-15
Twist
Pittsburgh Water Co.--
12-21
75c
lc
.
Tubize Chatillon Corp.
as
12-20
1
Union
(initial quar.),—'———1
preferred (quar.),
Carolina Power. $6 1st pfd. (quar.)—
South
1-15
12-16
1-
Union
preferred
5%
12-20
10c
20c
$1.75
$1.75
—
12-30
•
12-16
12-30
12-27
12-15
com—
12-24
1
12-30
12-21
—--—
3
(year-end)
Paper, (irregular)
Rice-Stix Dry Goods Co., Tw 1st pfd. (quar.)
7% 2nd preferred (quar.)____
B
Common
(quar.)
$114
$114
(s-a)—
Rhinelander
Common
& Corona Typewriter,
C.)
12-30
1-
12-16
U
1
(quar.)
Smyth Manufacturing (year-end)———,
Sorg Paper. 4-6% preferred B (accum.) —
1-
3
12-30
1
(Howard) Paper Mills, 6% pfd.
$4
.'—
;
RR.
(L.
preferred
$6
12-31
$1.3714
Co.,
Smith
Smith
12-16
1-
————
12-31
(quar.)____
(year-end) _
Cream
12-15
3
1-
12-16
12-31
$1%
\ 30c
$114
—
—
Reynolds Metals Co.. 514 % pfd.
Reynolds (R. J.) Tobacco, com.
Ice
12-15
30c
75c
(quar.)_
——
Republic Steel Corp., 6% conv. pr. pfd.
6% preferred A (quar.)___——
Rich
1
1
12-16
....
12-21
41%c
1- 3
1- 3
(quar.)
(quar.)
6% preferred A (quar.);,
Trailer Co. of America, 7%
pfd, (quar:),—
Tri-Continenlal Corp, $6 preferred (quar.)
Trusts & Guarantee Co. Ltd. (Toronto) (s-a),
Tubize Rayon Corp., new (initial quar.)
7% preferred
(quar.)—
;—
The above company was formerly known
1-
common—:
preferred A (quar.)_
prior preferred (quar.)
8%c
8714c
.(year-end)—
7%
Class
1-
Rayon,
12-13
714c
J
—
preferred (quar.)
Remington-Rand, common
$4(4 preferred (quar.)
1
1-
12-27
¥3c
1
5c
(quar.)—-
com.
preferred
1- 3
Co.
10c
(interim)
(quar.)————____—
12- 3
58(4c
50c
Finance,
Traders
$I.37J/a
__———Y ,,
Co.
Tm-rington
12-16
24c
com.
12-31
$1
50c
(year-end)—
7% preferred
(irregular)
(quar.)
Mines
of Canada,
12-27
1-
1-
25C
Sigma Mines (s-a)
Simplex Paper (irregular)—-———,—.
Sinclair Oil Corp. (quar.)——
—
¥$1
(year-end) ———
Manufacturing,
Quarterly
Creek Gold
1- 1
1-1
Toronto Mortgage Co.
7
62c
1-20
Ala.)—
A
Reliance
'
—_
—
Machine
Folding Machine
Sherwin-Williams
Shipbuilding
Bell Royalty
1-20*
12-
12-27
15c:
Sheep
12-31
12-31
¥7y2c
¥$1%
(monthly)__„__
preferred (monthly)——
1-20*
22-
80c
$1.25
50c
50c
___
12-10
.
1-1
preferred
$iy4
20c
(s-a)__
Realty Mortgage (Birmingham,
Non-cumulative
12-10
3
..
$1.25
Tonopah Mining of Nevada (year-end)
3c
Tooke Brothers, Ltd. (initial)
+25c
Toronto General Trusts Corp. (quar.)—¥$1
12-20
12-10
1- 3
—$iya
12-10
1-
12-18
12-18
12-21
12-17
Guarantee.(NewOrleans)—
Mortgage
Tom
1-
12- 6
1- 3
1- 3
1-1
12-27
,
12-10
1-
.:■
10c
25c
¥$2
75c
3
1-
12-21
1-17
1-3
2- 1
12-27
Toledo
50c
25c
(quar.)
Rayonier, Inc.. $2 preferred (quar.).:
Reading Co., 2nd preferred (quar.)
preferred
(Canada)
8714c
(quar.)
Employees
Real Estate Loan
12-10
3
12-31
—
1- 1' ' 12-2V
2* 1
12-31
1- 3
12-15
1- 3
12- 3°
10c
Top Tailors, Ltd, common (quar.)
7%
preferred (quar.)———
...
Toledo Edison Co, 7% pfd. (monthly),-——
6%
50c
(quar.)
v
$6 preferred (quar.)
preferred (quar,)
(quar.;__,___
12-15
12-15
12-10
12-10
12-21
;....
¥10c
.10c
50c
$1.50
$1(4
12-10
$1%
(quar.)
$5V4 prior pfd.
25c
12-27
12-27
1-1
1- 3
1- 3
1- 1
25c
,.■
.
1-3
$2
.:■•'■•
11-29
—
(quar.)__
Corp., 80c pfd.
Ralston Steel Car Co., common.,,
Railroad
12-16
■'
.
Tip
10c
Shares (year-end),
Industries,
3
11-29
20c
12-28
preferred (s-a)
;
———
6% conv. preferred (s-a)___
—
Sharon Steel Corp., $5 conv. pfd. (quar.)
Shawmut Association (special)
12-31
—
12-13
6c/o,
12-31
$114
$114
—
common-
12-31
$1.75
12-15
12-15
30c
12-31
Shamrock Oil & Gas Co., common—-——
1-14
$114
1-15
25c
Selected American
12-31
(quar.)—______
preferred
6%
Co.,
250
$3.50
common
10c
68%c
J20c
¥6214c
Year-end
25c
Selected
7%
$134
$1%
$114
Oil
20c
$iy2
12-15
50c
$114
7%
Title &
12-31
preferred
$4.50
12-10
1-15
(year-end)
Common
1-
(monthly)—.
pfd. (quar.)preferred (quar.)
Publication Corp., 7% original pfd. (quar.)_
Puget Sound Power & Light, $5 pfd. (quar.)
Fuget Sound Pulp & Timber Co.—
6% preferred (quar.)
preferred
Public Service Elec. & Gas, $5
Pure
i'-
25c
_
12-21
2
conv,
1-
7MjC
3
1-
-
1-
$2(4
¥$1%
1-
$1
11-30
12- ■27
15c
12-27
$1
$1%
$1 Va
12-15
2
•
12- ■31
$2
1-15
—
1- 10
preferred (monthly)—————
58MjC
preferred (monthly)-;—50c
5% preferred (monthly),———:
—.
41%c
Common
(initial quar.)
4114c
Public Service Corp. of New Jersey—
.
6%
1-17
•
1-
$2a/a
¥8c
12-23
12-27
75c
$1%
2
1-
7%
___
1-17
1
■
3
1-15
$3
$6
Finance,
12-17
12-16
12-15
Inc;, common
preferred (quar.)_L—:—____________
Thayer's Ltd, $3.50 preferred (interim)™—.,,
Thompson Products, Inc., com, (year-end),
Tide Water Associated Oil—•,
$1%
12- 31
6%
Common
1
2-
1
1-
¥25C
preferred (quar.):—
preferred (quar.)———
Seaboard Surety Co.
(special)
—
Seiberling Rubber, 5% class A pfd. (quar.).
$2V4 prior preferred (quar.)—,———
12-30
2-
1-
$iy4
$2
$2
12-15
2-1.
12-31
$iy4
62y2c
4%
preferred (s-a)
3V2//0 preferred (s-a)
Seaboard
1
•
12-30
Textiles,
7%
12-10
1
12-15
12-18
$1%
Extra
1- 10
1-
+5c
¥$l3/a
.
1
11-30
1-
12-10
12-27
preferred (quar.)
Scruggs-Vandervoort-Barney, common
12-31
62y2c
■
12-
3
1-
12-27
10c
1-
.
Electric,
Scrantoa
12-31
6V4C
1st
5%
¥$1%
Water, $6 prior
Texon Oil & Land
(quar.)_______________
(quar.)
preferred
$4
1
12-
3
1-
Texas
Texas
(quar.)
(quar.)
Schenley Distillers, 5V4t% pfd. (quar.)
Scott Paper Co., $4M> preferred (quar.)
12-21
11-15
12-15
35c
—_____________—,
Electric Service,
12-20
12-10
debenture D
6l/z%
(quar.)
Co,
Texas
12-17
3
12-27
;
—v
12-1
1-15
12-30
.
Tech-Hughes Gold Mines, Ltd* (interim)-—
Tennessee Products, 8%
preferred (quar.)__
5%
(quar.)_
A
1- 1
¥3c
50c
1943)___________..
period .ending July 1,
85c
debenture C
1%
12-11
1-3
1-15
Co—
debenture B
7V2V0
1
1-25
1-
¥lc
25c
—
preferred (quar.
preferred (auar.)__
:
;.
Preston East Dome Mines (quar.)——_
Price Brothers & Co., Ltd., 5%^ pfd. (quar.)
Procter & Gamble, 8% preferred (quar.) —_
Propper-McCallum Hosiery, 5% pfd. (s-a) —
Proprietary Mines, Ltd. (irregular)—..——
Providence Gas Co. (year-end)
Providence &. Worcester RR
Provincial Paper, 7% preferred (quar.) ____
Prudential Personal Finance, class A (yr.-end)
Public Service Co. of Colorado—
5%
12-
12-31
debenture
8%
12-18
"12-27
I
12-27
30c
10c
¥20c
(quar.)__^
Savannah Electric & Power Co.—•
12-11
1-
Electric
Sanganio
12-21
¥75c
.
common
12-15
1-
2-
'-,■'
37y2C
12-15
1-
12-21
25C
7%
12-15
1-
12-30
3
class A (quar.)_
Ltd.,
Industries,
9
12-
1-
Ryan
12-15
3
12-24
300%
1
t$iy2
1st preferred (quar.)—:
.___—
Premier Gold Mining, Ltd. (reduced)——
(stock dividend) 3 shares
1
1-
2-15
4
$1%
_____
preferred (quar.)
^.
Consolidated Petroleum (year-end)—5'
Safeway Stores, 5% preferred (quar.)
—JV
St. Croix Paper Co., 6% preferred (s-a)
St. Lawrence Corp., 4% conv. pfd. A (accum.)
St. Lawrence Paper Mills, 6% pfd.
(accum.)
St. Louis National Stock Yards (quar.)— _
St, Regis Paper, 7% preferred (accum.)— _
San Diego Gas & Electric, common (quar.)__
5*ic
preferred (quar.)
—
San Francisco Remedial Loan Association—
3
1
1-
,111-
."¥$2%:
■
partic. preferred (quar.)___________
Tamblyn (G.) Ltd, common (quar.)____—
5%
preferred (quar.
Taylorcraft Aviation, preferred (s-a)
Preferred (this dividend covers six months'
5
2-
1-
•
,
5!/2%
-
12-17
¥$1%
6%
preferred (quar.)
,
1-
2-15
_______
Extra
$2
common„____,_____„_-___
par
(Helena)
1
12-10
15c
12-17
$1
11-23
3-
RR._^—
$6.50
Brothers,
Roos
12-21
—_
—
Russell
1-
10c
$1
•'
(quar.)—
of Canada—
partic. preferred
Power Corp.
Clinton
&
Rome
1
25c
12-10
50c
Mfg. Co. (quar.)
Port, Huron Sulphite & Paper—
Common (year-end)—
———
4 % non-cum. preferred
Porto Rico Power Co, Ltd., 7%
pfd. (quar.)
1-
¥2-31
$iy2
of new
(quar.)—.—15c
Inc.
12-20
(irreg.)—
Rubinstein
.
Plough
12-20
1
(quaiv)$L——
common
(quar.)
Mills Inc.
Cable Corp. (quar.)
Hosiery
1-
Plymouth Cordage (quar.)——.
—
$1^2
'Special —■
/■ - •• . $1,
Employee's stock- (special),——___—■
10c
Special
_____———10c
Plume & Atwood
Ltd.,
Paper,
preferred
2-
50c
$2(4
1
1-
15c
1-
.
-I-
25c
12-16
$2.50
RR. Corp. (s-a)—
Plant (Thomas G.) Corp.—
7% 1st preferred (accum.)
—
Planters Nut & Chocolate (quar.) __________
12-20
$iy8
12-10
$1%
Plttsfield & North Adams
3
1-
1- 1
1-15
1- 3
Ltd, com. (s-a)
Supersilk Hosiery Mills, 5% preferred (s-aj_
Swift & Co. (quar.)
Sylvanite Gold Mines (quar.)_____
Tacony-Palmyra Bridge, common (year end)
Class A (year end)
—
5% preferred (quar.)
Taggart Corp, $2.50 preferred (quar.)______
Talcott (James) Inc., common (quar.),,
12-10
$iy4
3
4:—$134
(quar.)
preferred
7%
3
$1.75
3
Chicago Ry.—
Pittsburgh Fort Wayne &
Common iquar.)
1-
$2
12-30
Co.——i—25c
Pittsburgh Forgings
12-28
12-17
$ 1V4
common
12-30
Radiator (irreg.)—$1
Governor Co.
(year-end)—-————
30c
Pierce
—
1-3
J5c
—
Telephone,
Royal Typewriter
Butler
Pierce
12-17
¥50c
1-
50c
12-17
12-28
1-
$m
1-
• ••
(interim)
Pickle Crow Gold Mines
6%
2-5-44
62 (2c
$2'/a
25c
,
75c
$ 1.12J/2
$1.06 (4
(quar.)
I
2-15-44
37y2c
\
¥2c
$ 1.06(4
25c
Philadelphia Co., common—~r20c
$5 preferred
(quar.)—.—r—— •
$1 ''4
$6 preferred
(quar.)
$1/2
Philadelphia Electric Co., common (quar.)—
30c
$1 preference common (quar.)———.
25c
Philadelphia Electric Power, 8% pfd. (quar.)
50c
(Hartford)
12-20
12-10
.
12-28
25c
Valley RR. (s-a)__—
(quar.)——
4V4% 1st preferred A (quar.)
Robbins (Sabin) Paper, 7% • preferred—
Rockwood & Co., 5% prior pref. (quar.)
Roeser & Pendleton
(quar.)._
—
4
1-
1-10
Stove
Insurance
12-16
1-
(quar.) —
Perron Gold Mines, Ltd. (quar.)———
Pet Milk Co., 4(4% preferred (quar.)— —
Pfaudler Co.
(irregular)
Phoenix
Rochester
12-11
Rochester & Genessee
12-10
12-31
Light & Coke———_ $1
Water Works, 7% preferred (quar.)_
$1.75
Transportation—
12-16
12-30
Peoples Gas
preferred (quar,)——
———
Philadelphia & Trenton RR. (quar.)——
Philco Corp. (year-end)———
—
Philip Morris & Co., Ltd., common (quar.)—
4Vi'h preferred (quar.)
4(4% preferred (quar.)
class A (quar.)
Riverside Silk Mills,
3
1-15
luc
5%
12-15
3
25c
——
(quar..)——
preferred
conv.
12-20
$1.50
common„_i_a_.
12-30
Glass Sand, common (quar.)—
.
25c
preferred (quar.)—;
—
St'4
Pennsylvania Power, $5 preferred (quar.)-$1,4
Pennsylvania Power & Light Co.—
■
*, r,c
$7 preferred (quar.)——
—
'
•
$6 preferred (quar.)—51.50
$5 preferred (quar.)——
—51.25
"Pennsylvania Sugar Co., 5% pfd. (quar.)__
l^/zc
Pennsylvania Telephone, $2.50 pfd. (quar.)
62 /2c
Pennsylvania Water & Power, com. (quar.)f1
$5 preferred (quar.)—:
—•—„ -•,..$1/4
'Peoples Drug Stores (irregular)25c
Philadelphia Suburban
2-
1-
5%
Perfection
Co.,
12-29
Pennsylvania
'Peoria
preferred
6%
5%
1-
70c
f1 4
'
Extra
(year-end)
Corp.^—
(quar.):
1-15
1-1
68%c
25c
50c
¥50c
$1.50 preferred B
¥75c
Superior Steel Corp.—_—_■:—\ .' 30c
12-20
12-24
12-31
12-16
12-11
1- 5
12-17
3
12-17
3.
12-17.
3 / 12-15
3.
12-17
12y2c
¥$3.25
Co. of Canada (quar.),
5y2% preferred (quar.)__
Assurance
Superheater (quar.)
Supertest Petroleum Corp,.
Ordinary
shares (s-a)
12-20
12-24
$5
12-31
Ritter
12-24
$3
$5
obligation
Dividend
Life
When Holder$
Payable 0) Rear
Per
share-
(quar.)
Glow Industries
Sun
12-18
& Potomac RR—
Fredericksburg
Sun
12-17
1-3
Sunray Oil Corp,
Richmond Water Works
12-18
40c
'
12-31
1-15
lie
$lva
$3
50c
35c
15c
,
12-15
12-31•
.f1
'
Paymaster Consolidated Mines, Ltd. (interim)
____—■
Peaslee-Gaulbert, 6% preferred
Peerless Casualty, 6% preferred (s-a)——
Peninsular,Telephone, common (quar,),—
$1.40 cumulative class A (quar.)_—^
Penn. Traffic Co.
(irregular).,
——
Pennsylvania Co. for Insurances on Lives
and'Granting Annuities (quar.)—
—Pennsylvania Edison, $2.80 preferred (quar.)
$5 preferred
(quar.)———-Pennsylvania Forge (quar,)——-—
—
2
3
12-28
50c
./• v •.
,
.
Name 0/Company
0) Rec,
50c
Corp.-,—
Co.—
common (year-end)
Non-voting common (year-end)———_
12-28
.
Patino
wnen
Payable
Voting
1-15
1-
1®C
—r_—
$5 preferred (quar.)— ____
Pacific Public Service Co. (quar.)_____—Pacific Tel. & Tel., common—,.-.———
Pacific Lighting,
•
Brothers
1-
$1%
—-
—
12-17
1-
50c
37J/2C
Investors, pref. (quar.).__
conv. prior preferred (quar.)—___■
& Atlantic Telegraph Co. (s-a)___—
Pacific
of Rec.
12-27
share
Name of Company
Securities
Oversea
Name oj company
Payable
;\
noiaert
Per
tnare
Holdert
When
Per
1943
Monday, December 27,
FINANCIAL CHRONICLE
(s-a)__
—
$1(4
42c
12-24
12-10
12-24
12-7
12-20
12-17
12-17
1-15
4-15
7-15
3-10
1-10
4-10
12-20
12-15
12-15
12-15
12-31
1-15
2-1
1- 3
1- 3
1-3
"1- 1
1-15
12-27
12-27
12-28
12-14
12-15
12-14
Welch
7%
*
—
._■.—_
—___—;—2.»,.
$1,75 2-29-44 2-14-44
$1.75 5-31-44 5-15-44
$1,75 8-31-44 8-15-44 1
Volume
Number 4241
158
THE COMMERCIAL & FINANCIAL
When
Per
Name o1 Company
Wentwovth Manufacturing
Wesson
Oil
there
Jersey & Seashore RR., common ,1 s-a)
West Kcotenay Power & Light—
7 /i9
12%
preferred
Western
7%
1-15
12-20
1-
12-15
1-3
Pa.
Demand
12-30
12-23
12-15
12-16
ber banks
12-22
12-15
(quar.)
3
$l»/4
1- 3
12-31
U
12-31
12-23
(s-a)—.—7 A.-—7'
35c
1-15
12-31
Western Tablet & Stationery, com. (yr.-end)
5%
preferred (quar.)—
———"
3
12-20
$ 11'4
-w
—
.(Calif.)
(year-end)
—
50c
1-
""
,
Westmoreland,. Inc. '.(quar.)^^-—
Westmoreland Water Co., 6%
(George)
4-
3-22
3
12-15
1-
3
1-
3
12-
2-
1'
4
1-10
Whitaker
Paper,
»Wichita
Water
(quar.)———
1—
common
7%
Co.,
preferred
12-23
$1
12-27
$l3/4'
12-11
1-
1
1
12-11
$1.75
30c
1-
3
75c
1-
1
12-27
$1.25
1-
1
12-27
6%
$6
(In
preferred .(quar.)——
8%
1'
12-14
Loans
-'Si-
$2
f
1-3
$25c
1-
2-
1
,
183/4c
5-15
18%c
8-15
(quar,L; AAA,
$1.75
3
12-24
(quar,)—A-AAA'77'
$iya
1-31
1-15
.25c
1-
3
12-11
25c
1-
3
12-11
10c
12-28
12-13
50C
12-28
12-16
30c
12-28
12-16
„
7%
preferred
8
2-15
I-
67o
preferred (1897)
Wiser
Oil.
Woodley
•
Petroleum
Woodward
Common
7%
(quar.)——
&
Co.
,
(quar.)
Lothrop,
(year
—
(quar.)-
common
-
end):
preferred
(quar.)
A—'
Worthington Pump & Machinery Corp.—
7% preferred A (quar.)
6% preferred B (quar.)———
$1+2
Wrisley
SI +2
$l3/4
1-31
Co.,
6%
pfd.
(year-end)
—
7%
preferred (quar.)—
—
Wright-Hargreaves Mines, Ltd. (reduced)—
Wrigley (Wm.) Jr. Co., common—7 A—
Yale. & Towne Mfg. Co.—
Ymir
Yankee
York
Corporation
Girl
Gold
Loans
Mines
U.
non-cum.
preferred
Other
12-16
12-15
Time
deposits-adjusted
deposits
—
U. S.
Government
1-
3
11-26
12-30
12-14
Borrowings
12-20
Debits to
1-
4
Foreign banks
.
10c
—
$1%
,
•Transfer
Jamaica Income tax.
books
not
closed
(Payable in U. S, funds,
^Payable
resident
in
tax.
Canadian
15%:
A77/
1-
1 '
12-18
1
12-
during
tax
non-residents'
deductible
resident tax, .7 %.
a
Less
at
the
British
income
Transacted
by
160
&
Barnes
Delaware Co.
National Bank,
80
Delaware
Co.
Trust
22
Parkview
Co.,
Chester———
Chester
7
—y——
—;.
U.
principal
changes
S2 lot
for
the
$675,000,000 in de¬
decrease of $641,000,000 in
Loans to
brokers
and
dealers
in
securities
page
increased
' '•* •■■7
v,
782
:
by
the
stockholders
2584)
at
that
time.—V,
The
158,
S.
Gov't
on
Dec. 22 approved the
proposal to acquire the
interest in the Petroleum Corp. by offering it and
exchange lor their, holdings a pro rata portion
of the net assets of the Petroleum
Corp
less 1% to cover transfer
taxes and other expenses of the transaction.
other
The
the
go
Oil. Corp.'s
stockholders
Petroleum
has
ahead
Many
The
the SEC
for
exemptions under
Company Act.
If these are granted, the company will
immediately with the exchange plan.
large stockholders other than the Sinclair corporation have
will not exercise the right to exchange their holdings
rata shares of the net assets of Petroleum Corp.
stockholders
shares
held
in
those that may
also
approved
the
proposal
for
the
retirement
the company's treasury as well as the retirement of
be tendered under the exchange plan.
See also V. 158,
Co.—Weekly Output—
output for this company and its subsidiaries for the
18, 1943, amounted to 134,657,000 kwh., an increase
10,754,000 kwh., or 8.7%, over the same week a year ago.—V. 158,
Dec.
2474.
—
1,670
—
27,325
+5,912,174
16,808,728
+172,598
12,677,107
r—254,975
+4,653,822
•
—
451,838
967,388
1,486,389
+
587,907
+
470,334
+
44,639
+"
691,347
+
197,863
—
15,508,660
+
575,434
+
——
—.
.
1,622,619
—
9,535
„■
691,192
8,214
+
519,278
244
+
2,940
'■+',
33,949,542
+756,490
153,187
———
18,651
+
1,415
+5,867,232
+
in
paid
+
7,183
160,411
+
2,909
26,829
+
48
+
34,797
+
5,912,174
—
90,124
49
'
371
Total liabilities & cap. accts.
Ratio of total res. to deposit &
make
to
Commitments
advances
trial
13,267
RATES
CERTIFIED
BY
..
34,380,093
+
62.3 %
758,276
1.5%'
—
15,2%
—
indus¬
8,894
—
-
+
29
•
1,956
—
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF
FEDERAL
TO DEC.
17
_'i
■
■
23,
;
1943, INCLUSIVE
Noon
Dec. 17
Buying Rate for Cable Transfers in New York
_7_-'
:
$
$
■:
.:
g
.
.297733*
.297733*
•
7
•'
L
.909090
.'
7M'-
,060586*
.060586*
.051275*
,051275*
.051275*
-.1''
7:7
.909090
.909090
.896875
.898046
.572766*
.572766*
.909090
,899296
.572766*
4.035000
4.035000
4.035000
4.035000
7
,909090
.896328
„
3.228000
3.228000
'
.060586*
.909090
.572766*
.899285
■:
4.035000
.572766*
4.035000
.301215
.301215
.301215
.301215
.301215
,301215
.205820
.205820
.205820
.205820
.205820
.205820
*7
;
.909090
Free-7_*__
,893958
V
.894375
.909000
.909OQO
3.980000
.896875
.896875
3.244203
3.244203
3.244203
3.244203
3.244203
3.980000
3.244203
Africa, pound_***__^—*-,__
.909090
.909090
.909090
.892500
Zealand, pound
Union of South
.;
.297733*
.251247*
.572766*
.895000
:
•
-'.
$
.297733*
\ .051275*
.051275*'
•■:'
7
Dec. 23
.060586*
.060586*
L"
'v',
■••
t-
>.
.251247*
•7".'
3.228000
3.228000
3.228000
"V-t
•
$
_
.251247*
.
1'i
7-
297733*
.251247*
3.228000
••
Dec. 22
•
7251247*
.060586*
Official-*
New
'
v':;
Dec. 21
Dec. 20
Dec. 18
;
7i—.i
;
1930
;
Value in United States Money
,'7.
■
England, pound sterlings
India (British), rupee
Mexico, peso—
Newfoundland, dollar—
3.980000
3.980000
3.980000
3.980000
-
.895625
.
■
Uruguay. peso:
Controlled
Noncontrolled—
•Nominal
granted
Court
for
provision
it
.529520*
+
and
the
Exchange Commission Dec. 22 announced that it
application
of
the
Philadelphia
Stock
Exchange
to
of
the
Eastern
made
was
District
for
the
no
of
Pennsylvania
capital
stock
June
on
that
of
1942,
2,
company
no
and that
value; that the charter of the subject
cor¬
poration
was voided by the State of Delaware on
April 11, 1941, be¬
of non-payment of the franchise
tax; and that'transfer facilities,
required by the Philadelphia Stock Exchange, were terminated by
the subject corporation on Feb.
27, 1941,
The order becomes effective
cause
as
at
.658300*
.
.658300*
,529520*
.
.529520*
.529520*
the close of the
trading session
on
Dec. 30,
1943.—V. 154, p. 1303.
Pittston Co.—May
Simplify Capital—
The company is expected to announce soon
a plan for simplifying its
A major feature of the plan, it is reported, involves
the exchange of the 35,541 shares of $190 par class A preference stock,
entitled
to annual dividends of $5.50 per share, for 5V2%
debentures.
capital revision would eliminate onerous provisions of the class A
preference stock which has priority on certain so-called class A pref¬
erence assets set aside solely for the benefit of the stock.
The deben¬
ture
issue, it is believed, will be based on the total assets of the
The
,
company.
,
addition
In
the
to
class
A
shares, which were issued to holders of
publicly-held preferred stock of the United States Distribution Corp.,
a
majority-owned subsidiary with which Pittston Co. was merged
Dec. 31, 1942, the Pittston Co. has outstanding 63,241 shares of class B
preference stock, $100 par value, and 576,644 shares of $1 par value
stock.
common
share
per
on
Dividends of
$5.50 per share, on the class A and $2.50
stock have been declared this year.
the class B
The Allegheny Corp. owns 29,190
shares of class B and 248.120 shares
stock, and the Chesapeake & Ohio Ry. and subsidiaries own
and 203,425 shares of common stock.
("Wall
Phoenix Securities Corp.—Mr. Groves Sells Interest—
of
23,938 shares of class B
major change in policy for this corporation was foreseen as a
possibility yesterday when it was learned that the holdings of Wallace
Groves, amounting to approximately one-third of the entire outstand¬
ing stock, had been sold to a syndicate headed by Joseph I. Lubin.
No
comment
policies the
block
was
new
takes
ground of
p.
.658300*
.529520*
capital structure.
A
in
.658300*
.
rate.
declared to be of
was
7
.658300*
.658300*
.529520*
W»,
from listing and registration the common stock (no
par)
corporation. The application stated, among other things, that the
subject corporation is in effect a holding company, its only asset being
the entire capital stock of the
Philadelphia & Reading Coal & Iron
Co.; that under the terms of the reorganization plan for the Phila¬
delphia & Reading Coal & Iron Co., approved by the U, S. District
on
196., ■
immediately
will
group
much
reports
Pepsi-Cola
Proenix
capital
■,"
,
may
stock.
as
to
what,
if
any,
considered
divest
("Wall
against
itself of
Street
the
its large
Street
back¬
Journal.")—V.
Period End. Sept. 30—
•Net
'
•■
rett,
M,
now
Brown
as
resigned
as
Chairman
the
•After
'
board but
of
are
now
board; Robert
Executive Vice-President, will become President.
effective Jan.
1.—V.
158, p. 2194.
•
$1,239,034
1,035,200
1,041,616
per
share
charges
1,035,200
$0.43
$1.59
$1.20
Federal
and
provision
was
income
made for
taxes.
excess
profits tax.—V. 158, p. 2474.
Poli-New England Theatres, Inc.—Tenders
will
Harry S. Wher-
the
$1,659,494
158,
President, will become Vice-Chairman of the board, and
Harry B. Higgins,
changes
of
the, finance committee;
$440,305
1,041,616
$0.54
-
The
of
Vice-Chairman, will become Chairman
L, Clause, now
The
has
Chairman
1943—12 Mos.—1942
$560,333
capital, stock
outstanding
Pittsburgh Plate Glass Co.—Changes in Personnel—
active
2259.
of
Earnings
.
p.
1943—3 Mos.—1942
profit
Shares
interest
Journal.")—V.
158,
Plymouth Oil Co. (& Subs.)—Earnings-
new
However, transfer of the Groves'
significance when
that
Co.
available
sponsor.
common
Note—No
remain
electric
ended
758,276
F. R. note liabilities combined
;
Clarence
Philadelphia Electric
The
•••
...
124
+
7
+
of
2365.
week
p.
to
that they
for pro
of
applied
Investment
stated
p.
in
Corp.
+
7)_.
13b)—
Other capital accounts—
accounts,.
EXCHANGE
Official
Corp. of America—Stock Purchase Plan—-
stockholders
Sinclair
65
1,500
.297733*
Free
1420.
Petroleum
19
—
125
the
Sugar Co. 5% preferred stock, par $10, and $7 face amount
Pennsylvania Sugar Co. 4%. debentures due Jan. 1, 1952, was made
respect to each share of common stock of Pennsylvania
Sugar Co.,
held
89
599
—
strike
sylvania
company,
+
+
34,380,093
——
5,980,345
(Section
Philadelphia & Reading Coal & Iron Corp.—Delisting
"ex-distribution"
old
38,353
.251247*
The Securities
contracts made on and after Dec.
15, 1943, must be
in the form of certificates bearing notations of
the payment of the
first, second and third liquidating distributions.
A liquidating
dividend (No. 2) of $3.50 per share was paid on
Oct. 30, 1942, while at the close of the year 1941 an initial
liquidating
distribution of $14 in cash, approximately 6/10ths of a share of
Penn¬
p.
705,074
+
+
Surplus (Section
.051275*
Corporation and
(Continued from
the
+ 174
•
•
investment News
in
2,463
Free
had
of
+
Australia, pound_____
Brazil, cruzeiro—
.
$39,000,000 and other loans for purchasing or carrying
securities declined $28,000,000. Loans to banks increased
$38,000,000.
Holdings of Treasury bills increased $27,000,000 in the
General
—641
Official
2V4
Dec. 15: An increase of
deposits-adjusted and a
United States Government deposits.
+
—A.
availability items
ii|ci. accrd. divs..
Surplus
Country and Monetary Unit
Colombia, peso
following
24,719
+245,600
+5,924,494
57,586
deposits
Capital
890
+
DEC.
The condition statement of weekly
reporting member
banks of the Federal Reserve System in 101
leading
the
5,630
+
550
Argentina, peso—
-
shows
+
*
Canada, dollar—
week ended
+
—
Total liabilities
8,886
i
Condition Statement of lember Banks
cities
42
+
deposit accounts except
and
Official
mand
18
23
7
;
—
week
7.
:
.
5 90/100
3,635
76,264
2,449,221
Other liabs.,
1,123
—
+ 675
6,099
—
——
—_
demand
-i" ;r;;
;
$2 lot
.
+
banks
:
Deferred
488
—
34,750
,
,
on
614
7—7 A-'.,.
.
517,455
Tariff Act of 1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world. We give below a record for the week
just passed:
■
tax.
$ per share
"B" common—
Palestine Economic Corp., common
+
136
Foreign Exchange Rates
Philadelphia
Beachfront,
9
Total
—
deposits—.
FOREIGN
STOCKS
+537,702
377,776
176
—
■•'s"-.-
Lofland,
6,428,227
Pursuant to the requirements of Section 522 of the
Nob-
Auction Sales
Wednesday, Dec. 22:
Shares
'•;
'
+
4
tax.
source.
1,316,868
425,647
—1,161,287
659,314
—
11,631,829
Treasurer—gen. accts—
+ 129
,,
Canadian
+
+
banks
assets
Foreign
4,706
+ 194
this dividend.
for
less 15%
funds,
1-
86,600
Capital Accounts—
Interbank deposits:
Domestic banks
1-20
12-10
-
U. S.
2,284
—
3
25,455
11,551,391
Member bank- reserve acct—
Liabilities—
12-29
3
1-
+
+
3,700
securities,
guaranteed
foreign
Deposits:-
7,344
Demand
12-29
30
+
—
.+
572
593
165
5,066
59,551
+
676,900
2,272,850
6,987,217
F. R. notes in act. circulation-
236
+
2,795
Balances with domestic banks
'
91
+
64,617
+
assets
Total
5,539
8,983
—
Govt,
premises
Other
81
+
—
20,082
10,393
*
Uncollected items—
171
—
1,757
;
vault——
12-15
2-1
$8%c
Youngstown Sheet & Tube——
5Vm % preferred A (quar,)—
xLess 30%
securities
in
61
17,627
Reserve with Federal Reserve Banks
Cash
1
1-
—
—
+
+
1,614,424
notes of other
Bank
95
+
—
—101
4,766
—
bonds——
interbank
(quar.)
—;
2
8,957
Obligations guaranteed by U. S. Government
.Yosemite Portland Cement—
4Vo
S.
of indebtedness
1
15c
15c
Treasury notes
38
+
3,615
———
Treasury certificates
+
70,045
——
and
from
F. R.
153
+
—
121
1,341
3
50c
■,v;
—
Treasury bills
-
direct
Due
20,082
Liabilities—
1,123
banks—
——
Total tJ.-S.
707
28
32,962
769,058
—
A-7,
Notes
carrying
Other loans
1-
+6V4C
(year-endi_„.s
to
39
547
175,296
—
9,979
—
70,045
Bills
60
1,450
securities
or
+
8,052
direct
Certificates
+ •..763
7
1-
$134
—
(initial)*.—
1;
In
purchasing
Real estate loans—
4-29
12-28
$134
_
(A. B.)
for
13,078
—
23, '42
911,392
—•
guaranteed:
Bonds
+10,680
15
Dec,
15,005
+
291,426
20,126,704
securities,
and
12-16-42
66
4*
—
207,018
—
Total bills and securities—.
26
10,992
—
securities
Wisconsin Electric Power—
i
loans
Other
183,ic
50,509
notes
Total bills discounted—.
Industrial advances
A.—
U. S. Govt,
industrial, and agricultural
Loans to brokers and dealers
7-31
.Wisconsin Co.,
12-
—.
12-8-43
6,410
1-12
12-27
$1.50
Investments—total—
Commercial,
12- 1
Winchendon Electric Light & Power-——'7
.Winters & Crampton Corp.—
7% conv. preferred (quar.)——„—_
7% conv.'preferred (quar,)———————
7%. conv. preferred (quar.)
and
Loans—total
12-23
2
$lJ/2
—
(accum.)——
12-15-43
cash
19,628,260
Secured by U. S, Gov't obli¬
gations. direct & guarant'd
Other bills discounted
Increase (+) or
Decrease (—) Since
Assets—
Dec. 15, '43
Bills discounted:
dollars)
3
•'
pfd; (quar.>_7
—.——
preferred
1-15
millions of
Treasury
Total reserves
was
12-11
1-
$1.75
(quar.)—
;Will & Baumer Candle,
Wilsil, Ltd. (quar.).—,
Wilson & Co.,
12-23
12-28
-
(quar.)__
prior preferred (quar,)—————-777
$5
12-28
preferred A (quar.)—
Wico Electric, 67o
Wieboldt Stores,
75C
$1.50
r
7c/c preferred (quar,)
7—7
Whitman (Wm.) Co., 7% pfd.
Other
22, '43
hand and
on
Redemption fund—F. R.
000 in New York City, $32,000,000 in the
Chicago Dis¬
trict, and $174,000,000 at all reporting member banks.
A summary of the principal assets and liabilities
of
reporting member banks, and of debits to demand de¬
posit accounts, follows:
12-11
$20c
$1+8
Westvaco Chlorine Products, $4% pfd. (quar.)
Wheeling & Lake Erie Ry._—
1
1-
SI.50 '
pfd. (quar.)—
(quar.)———
j.
Ltd.
,7
25c
<—) Since
Dec.
Gold certificates
due from U. S.
$675,000,000. United States Government
deposits declined in all districts, the principal decreases
being $286,000,0Q0 in New York City and $84,000,000 in
the Chicago District; the total decrease at all
reporting
member banks was $641,000,000.
Deposits credited to domestic banks increased $92,000,-
12-31
(s-a)___
Increase ( + ) or Decrease
-
Assets—
districts,
1-15
3
1-15
1-
.Weston
all
12-27
1-
$75c
$1%
preferred
in
40C
$3 V2
1
7%
increased
$$1.75
Cos.
Ry„ common
5% preferred (s-a)_
.Western Pipe & Steel
deposits-adjusted
(In thousands of dollars)
City, $79,000,000 in the Chicago District, $72,000,000 in
the San Francisco District, and
$71,000,000 in the Cleve¬
land District; the total increase at all
reporting mem¬
•
2619
Statement of Condition of the 12 Federal
Reserve Banks Combined
the principal increases being
$252,000,000 in New York
12-31
50c
(quar.)
&
12-15
3
$$1.20
—
Massachusetts
Y.
3
1-
$1.50
(Iowa), 7% pfd. (s-a)_
Ltd.,. common (quar.)—__
preferred
Western N.
12-13
Co.——-——.——T—
Grocers
Western
■
12-14
12-15
12-30
15c
Western Grocer Co.
Western
12-31.
12-28
—
(s-a)
Electric
12-15
$l'/8
Foundries
class A (quar.)
West Penn Power, 4% % preferred (quar.)—
West Virginia Pulp & Paper (irregular)-—,.
•West Virginia Water Service Co.—
$6 preferred (quar.)
-I—
Steel
(Toronto)
3
15c
t$l3/4
Penn Electric,
Western Assurance Co.
12-15
$la/4
preferred (quar.)—
Michigan
West
3
1-
'.$1%
City, $22,000,000
in the San Francisco District,
$17,000,000 in the Phila¬
delphia District, and $61,000,000 at all reporting member
banks.
Holdings of Treasury certificates of indebted¬
ness declined $73,000,000 in New York
City, $31,000,000
in the Philadelphia District, and
$101,000,000 at all re¬
porting member banks.
Holdings of Treasury notes de¬
clined $56,000,000 in New York;
City and $91,000,000 at
all reporting member banks.
3
1-
1-
CHRONICLE
New York District outside of New York
of Reo,
1-19
25c
West
West
Payable
12 Va c
Snowdrift
&
Holdert
York,
New
N.
bids for
Y.,
York
Trust
will until
the sale
Co.,
to it of first mortgage bonds due Nov,
amount sufficient to exhaust $126,294.74
at
Sought—
trustee, 100 Broadway, New
the close of business on Jan. 19, 1944. receive
corporate
now
prices not to exceed the redemption price
1.
1958, to an
in the sinking fund
and
thereof.
Bonds, the tender of which is accepted, must be surrendered to tha
1944, on which date
before Jan. 26,
trustee on
or
cease.—V.
156,
at the adjourned
special meeting of
stockholders held in Boston on Dec. 18, Roy E.
Campbell, Darrah Corbet, U. M, Dickey, Joshua Green, Phillip G. John¬
son, D. K. MacDonald, W. H. McGrath, Frank McLaughlin and Russell
Miller were elected directors of the company by an overwhelming ma¬
jority.
These directors received approximately 1,100,000 votes, and
'were sponsored by the stockholders
advisory committee of which Dr.
Albert H. Meadowcroft is Chairman, and Charles H. Paul is Secretary.
Director nominees of the $6 preferred stockholders protective com¬
mittee—Donald H. Carter, Henry S. Kramer, Jr., and W. D. Lovell—
who ran in specific opposition to Messrs. Dickey, McGrath and Mc¬
Laughlin, received slightly over 200,000 votes.
In commenting on the election, Mr. McLaughlin said that he was
pleased and gratified at the large stockholder vote of confidence in
Co.—To Pay Arrears—
Portland Gas Light
Company is paying off the arrears
stock.
Payment will take the
its pre¬
of $15.25 per share on
form of $7.75 per
share in cash
14, and
preferred
will
adidtionai 10% in
paid Dec. 28 to preferred stockholders of record Dec.
10% in 5% preferred stock.
The company has changed its
stock from a 6% to a 5% issue.
The 11,000 outstanding shares
be increased to 12,100 shares after issuance of the
be
to
stock.
,
the Maine
of
This
plan
preferred
by 92 %% of the com¬
meeting
stock.—V. 158, p. 1476.
approved at a shareholders'
stock and 89.6% of the preferred
stock
was
mon
approval
5% preferred stock is subject to
Utilities Commission.
. . ,
for eliminating the dividend arrears on the
this additional
Issuance of
management.
the
Earnings
Inc.—Meeting Postponed—
scheduled for Dec. 20 to
was postponed until Dec. 29,
Potrero Sugar Co.,
vote
on
permit sending out additional data
the dissolution is approved
the
under the proposed plan would be sold
to
If
of Canada,
he
properties
Mexican group at a price
of
estimates for 1944, on the assumption that basic
factors
governing the company's operations will not change sub¬
stantially from what they are at present,''indicate earnings for 1944
of about $2 a common share," he .said.
"The estimated increase in
1944 Federal income taxes will in large measure be offset by higher
"Preliminary
Ltd.—Omits Dividend—
"The
March
"next
common
of stock
Inc.—3% Stock
Prosperity Co.,
class B
to
$1.50
share
per
value;"
15, last. The previous payment on
stocks was in December, 1937, when
cash
in
per share
holders of
declared the
the 5%
on
Dec.
record
20.—V.
usual quarterly
Operating
expenses
Net
1,056,302
1,092,410
$284,302
income—
oper.
income—
Non-operating
$259,010
$3,130,698
Dr2,933
$2,857,405
I)r22,398
—a
$284,984
121,764
income——
Pfd.
158,
2365.
p.
65,569
$118,820
55,816,
$133,234
—
——
requirements-
div.
—V.
$257,803
59,000
tax
profits
Drl,207
44,400
income
excess
Net
682
;
etc.., deducts.
tax—
income—
Gross
Bond int.,
Federal
1943—12 Mos.—1942
$8,581,406 $8,239,214
4,394,406
4,289,399
89,310
tax
income
55,816
$3,127,765
1,322,217
334,791
$2,835,007
814,154
580,530
131,000
Net
Other
Oklahofna
Plans
petitive bidding and names
supplied by amendment.—V.
Public Service Corp.
tors
158, p. 2474.
of New
Jersey—Board of Direc¬
Thomas
N. McCarter, Chairman of the Board, on Dec, 21
statement after the meeting of the corporation's
directors:'
made the
board of
■
authority conferred by the existing certificate of
incorporation, the board of directors of the corporation was today
increased from 12 to 15, and three new directors were elected, viz.,
William M. Hickey, George L. Burr, and Thomas N. McCarter Jr.
The
election of these three to the board was originally suggested by Mr.
Hickey, who is President of The United Corp., which at the present
time owns upwards of 20% of the voting stock of Public Service Corp.
of New Jersey.
This reverses the policy of The United Corp., which
for some years past has been not to have active representation on the
"Pursuant
to
income
the
The United Corp., a director of the
Texas & Pacific Ry., the Detroit Edison Co., the Canada Dry Ginger
Ale, Inc., and the Associated Dry Goods Co,
Thomas N. McCarter Jr. has long been a director and member of
the executive .committee of the Underlying Boards of Public Service
and now becomes a director of the parent corporation.
He was also
appointed a member of the executive committee of the latter corpora¬
Burr is
tion.—V.
158,
also a director of
p.
2052.
Public Service
duce
Electric & Gas
Co.—Permitted to Re¬
Capital(a subsidiary of the Public Service Corp. of N. J.) was
Dec. 15 by the Securities. and Exchange Commission
the aggregate stated, value of its ho par common stock hy
to
reduce
$50,000,000.
The
markdown
from
$196,205,800 to $146,205,800
would be for the
surplus,"
of creating a separate account, designated "capital
with other reserves and earned surplus would be sufficient
to cover any adjustments of items on the books of the company which
may
result from orders of the Federal Power Commission or the
Board of Public Utility Commissioners, of New Jersey.
The FPC on Nov. 2 ordered the company to show cause why it
should not immediately eliminate $53,104,410 in write-ups from
its
purpose
which,
electric
plant
accounts and submit plans for
additional $14,789,314, representing
chase cost and original cost of acquired
an
the gradual elimination
the difference between pur¬
properties.
'
Jersey Commission ordered the company to
show why it should not reclassify its gas plant accounts in accord¬
ance
with
the recommendations of the Commission's staff, which
allocated $16,775,209 to the account for gas plant adjustments and
$20,509,936 to the account for gas plant acquisition adjustments.
Two
days later the New
told the SEC that the
might be ordered to dispose
company
considered it
maximum amount which it
of at once was $69,879,619.
make the gradual elimina¬
over-all total of more than
addition, it said it might be ordered to
tion of $35,299,250 of other items, for an
In
$105,000,000.
to the condition that the company
should not in the future make any charges to capital surplus with¬
out giving the SEC fifteen days' notice, the SEC -reserving the right
to disapprove such charges.—V. 158, p. 1942.
The
SEC
subjected its approval
i__L™™™™_.™™_
2.589
1,560
1,72.0
12,047
;
.
12,318
14,802
,
■
taxes—
Other
"V vv-.*/ 4,867
154,935
1,250
$473,247
$449,932
$693,820
12016
126,816
138,669
122,355
146,826
$207,761
■
$200,761
$171,678
$0,92
$0.82
248,500
—At.
(net Dr)
l/Al.i-
dividends
dividends
—i——
(Oct. 31)
—_
$0,89
-
Earnings per
common
L
share—:
;
•
.
and* other
Bonds
$424,379
-
notes
$3,858~589
L'
——L™~
Government obligations
3,512,925
726,469
4,546~840
3,902,547
-
Stocks
1942
1943
■
short-term discount notes—-—.
cos.
126,816
31
Oct.
Comparative Balance Sheet,
Finance
432,051
662
,
trust 4'As
coll,
of conv.
Retirement
"
171,678
;
'
$260,519
$277,591
200,761
Balance
Common
1,932
135,789
$272,674
_
—
surplus (Nov. 1)_•
credit" ———L-——
Preferred
91
2,037
2,852
--_—•—
-
% Net income
Earned
13,488
135,789
—
7,477
„„———
Unamortized
■56/365
57,430
receivable..
Li
-'■''L
bond discount and expense-—™
...
interest
378,710
404,907
A;.,---
'
•
69,946
75,734
$9,027,364
trust 3 !4 %
bonds
:
and accrued expenses——
payable
accrued——
Coupon interest
Tax
liability'.
$8,994,953
$4,000,000
17,371
54,167
$4,000,000
>,
19,152
V;
v"''' 'vr
Liabilities—
Collateral
———Li;J——.
(j'/o cumul. preferred stock ($100 par)
:
54,167
15,575
4,375
__
207,762
$8,994,953
2,113,600
1,631,400
515,047
————_..LL—-L—i——
483,642
L-——-
surplus
—V0t158,"
—
.
2,113,600
1,631,400
515,047
445,252
200,761
$9,027,364
($10 par)—
stock
Common
—————
p.~ 2052~
Republic Steel Corp.—$169,500 of Bonds Called—
'
corporation has called for redemption as of Feb; 1, 1944, a
of general mortgage 4'A % bonds, series B, due Feb. 1,
1951, at 102 and interest, for the sinking fund.
Payment will be made
at the Chemical Bank & Trust Co., corporate trustee, 165 Broadway,
The
28,828
87,990
$259,830
$228,486
*11,400
$2,149,941
296,037
,
York,
New
$2,523,540
$2,237,931
8,615
$2,227,5.03
y-6
2,362
6,495
17
.299
1,275
9,842
$259,895
$228,181
$2,151,028
$2.224,1.56
179,850
72,700
1,398,550
1,435,100
$80,045
$155,481
$752,478
82
'
:
income
from
Net
net inc.-
income
*
158,
*
Deficit.—V.
transf.
surplus,
;
$789,056
Roman Catholic
1943—Month—1942
Period End. Oct. 31—•
84,229
$39,347
58,831
$41,221
$19,484
$43,008
Operating revenues
Operating expenses
loss———communication
oper.
$220,724
Operating loss
$185,159
$39,821
$19,484
$207,678
$185,159
228,726
—
125,477
1,518,418
1,029,288
notes bear
and
1
June
13,046
1,400
income
All
1943—10 Mos.—1942
$396,928
$452,373
617,652
637,532
Dec.
inc.—
ordi¬
ordinary
from
Deductions
$188,905
$105,993
$1,310,740
$844,129
maturity at lVi% per annum; all notes
and incl. June 1, 1946, bear interest to
;all notes maturing Dec. 1, 1946, to and
incl. Dec. 1, 1947, bear interest to maturity at 2'%%
per annum; all
notes
maturing June 1, 1948, to and including Dec. 1, 1949, bear
interest to maturity at 2'/2% per annum; all notes maturing June 1,
.1950 to and including June 1, 1954, bear interest to maturity at
2%% per annum; and all notes maturing on or after Dec. 1, 1954,
bear interest to maturity at 3% per annum.
1,
Dec.
5,262
750
$186,613
$105,993
$1,305,478
$843,379
from net inc.,
146/890
37~000
1,046~900
679,195
transferred
earned suiplus,
$39,723
$18,993
$258,578
$119,i84
2,292
—
;
45,000
chgs._
income
Extraord.
Deducts,
inc
to
Air
cargo
handled In coordinated rail-air express service
airlines increased 16.9% in October, com¬
month a year ago, the air express division of
nation's commercial
the same
with
pared
Inc.—October Rail-Air Traf¬
16.9%—
express
Railway Express Agency reported
ments moved in the combination
last week. There were 36,585 ship¬
service, compared with 31,292 ship¬
1942.
in October.
ments
this air cargo, which originates at or is destined
or moves part way by rail, was 25% higher
the report indicated.
About 30% of all air
are moved in combination rail-air service, it is
Express charges on
to
than
in
express
October,
1942,
shipments
estimated.—V.
158,
p.
Red Bank Oil
See
2259.
Co.—Acquiring Texas Concern—
Seatex Oil Co.
below.—V. 158, p. 1178.
Outstanding 2nd
parish or institution.
The
corporated but the Bishop is a moral and legal
Law of the Roman Catholic Church;
on Dec.
17 voted to retire on Dec. 22 the remaining
50,000 shares of second preferred stock held by Paul
director of the company, at $10 a share, it was announced
by Alfred Marchev, President.
The
directors
This
a
is
Mr. Moore
the
on
remainder
of 200,000
second preferred shares issued to
April 14, 1939, in exchange
for a $1,822,394 note of the
50,000 shares wire called on July 1 and an
additional 100,000 shares on Oct. 30, all at $10 a share.
Actually, the call price of the sc-cond preferred stock was set at $15
a
share at the time "of issue, but an agreement was effected for the
retirement of tlie shares at $10 each, or the value to which the shares
would be entitled in liquidation. Mr. Moore said on Dec. 3 that he also
owned 171,257 shares of common stock, of which 982,407 shares are
company.
The
first
outstanding.
The
are
company
outstanding.
has no funded debt
and no bank or Regulation V loans
entity recognized in
Total assets of the
of the close of
and held in his name are $29,272,725.25 as
the last fiscal year, namely Dec. 31, 1942.
The notes are being issued for a three-fold purpose,
Bishop
namely:
organized and consolidated plan for the refund¬
ing of debt of the Bishop in his several capacities, including certain
obligations of various of the parishes, missions, and institutions of the
(a) To establish an
of Toledo,
Diocese
(b)
of
To
the
'
properties
of sub¬
parishes, missions and institutions be¬
"
■
retire substantially all outstanding mortgages on
and held in his name, including the retirement,
Bishop
stantially
all mortgages on
all
longing to the Diocese of Toledo.
..
r" .
(c) To effect a reduction in interest overhead.
The Diocese of Toledo was established in 1910.
area
Diocese
■
Prior to that time
Diocese of Cleveland.
Geographically
19 counties in the northeastern section
population of the 19 Counties comprising the
had been a part of the
of Toledo includes
Diocese
The
Ohio.
ber
outstanding
Moore,
Alter,
J.
the Canon
of
Republic Aviation Corp.—To Redeem
of the Diocese of Toledo and all of
and institutions is in the name of
of Toledo. Title in itself is one
but by a decision of the Supreme
trust in favor of each separate
Diocese of Toledo as such is not in¬
Bishop of the Diocese
of individual ownership in fee simple,
Court of Ohio there is an implied
the
Preferred Stock—
Bend, Wis., co-trustee.
legal title to all property
parishes, missions
constituent
its
this
'
$100
Principal
office of
or at op¬
National Bank & Trust Co. of
bank or banks as may be ap¬
pointed by the Bishop.
Both principal and interest will be payable
in lawful money of the United States of America.
Louis Kuehlthau,
office,
off-airline
an
from June 1, 1944 to Dec.
of $5,000, $1,000, $500, and
holder, at Continental Illinois
paying agent, or such other
of
Karl
2052.
Railway Express Agency,
fic Up
due semi-annually
form in denom.
Chicago,
The
inc.
—-V. 158, p.
coupon
registerable as to principal and interchangeable as to denom.
interest payable June 1 and Dec. 1 of each year at the
First National Bank of West Bend, West Bend, Wis., trustee,
West
Net
1943;
1960.
1,
tion
ordinary
Net
to
1945,
per annum
.and
income
nary
interest from Dec. 1, 1943, payable semi-annually oil
1 of each year.
All notes maturing on and before
1,
June
maturing
maturity at 2%
Notes are in
Gross
Notes.
prices according to in¬
and interest
maturity, ranging from 100
1944, bear interest to
1,
Dec.
Dated
Ordinary
income—non
communication
direct obligation Serial
offered at varying
Ohio
Wis.
101.25 and interest.
to
America—Earnings-
Bishop of the Diocese of Toledo,
C. Ziegler & Co., West Bend,
$1,100,000
offering
The notes are
terest rates and
158, p. 2052.
Radiomarine Corp. of
Net
,
2052.
—Notes Offered—B.
are
earned
to
p.
and
rights
water
River
—V.
:
—
rehearing on
of cost
a
$5,200,000
than
Electric Corp.—Rehearing Denied—
Service Commission has refused the cor¬
a Commission order for elimination of more
from the company's capital accounts. The
amount a "write-up" in valuation of Genesee
other intangible property of the corporation.
Public
York
New
The
Commission termed that
Extraordinary income-
Charges
Y.—V. 158, p. 2474.
N.
Rochester Gas &
poration
income
ordinary
Net
Company
The
$257,314
$2,534,940
\
Extraordinary income-
for the
permitted
of
$268,445
—
—
—
*40,160
*4,408
of its large interests,
boards
Mr.
$2,278,091
$261,722
*5,699
ordinary inc.—
Deducts, from ordinary
Other
Enlarged—
following
55.955
$274,144
Gross
stock, which is
offered for sale at com¬
of underwriters, as well as price, will be
The bonds will be
purposes.
67,505
income—non¬
communication
first
exchange
$2,478,985
6,628
Stock and
:\.v
The company has filed a registration statement with the SEC for
$1,500,000 5% preferred stock, cumulative (par $100), and $6,600,000
for
$2,210,586
3,192
income
Operating
\
mortgage bonds, series A, 31/4#>, due Feb. 1, 1971.
No underwriting is involved in the proposed issue of
389,384
$255,094
Ordinary
Net
Service Co. of
408,015
4,461,661
43,59.0
total of $169,500
Deducts,
Public
$6,940,646
$270,952
—
revenuescommunica. inc.
2,746
Other .taxes
Earned
$6,357,316
4,146,730
$644,478
$678,967
oper.
2,879
'
Webster
--p'
&
Stone
Capital surplus
Special surplus;
1943—10 Mos.—1942
1943—Month—1942
Period End. Oct. 31—
Credits
$1,339,757? $1,440,323
669,797
669,797
•
Bond Issues—
it is not antici¬
profits tax for
Communications, Inc.—Earnings—
R. C. A.
Hampshire—Earnings—
79,471
i
——
from the years 1942 and 1943,
pated that the company will have any Federal excess
1944 and probably not for 1945."—V. 158, p. 2052.
Operating revenues
Operating expenses
$708,646
360,326
$729,993
other than Fed¬
Taxes,
eral
30 to
366,220
revenues—
Operating
1537.
1943—Month—1942
Period End. Nov. 30—
dividend of $1.25
preferred stock, payable Dec.
158, p.
Public Service Co. of New
vV
:'•:K.v
"Based upon present and anticipated earnings, existing laws and
the fact that the company will have an appreciable credit for excess
profits tax purposes
L$483,113
40,155
1,180
expenses-
Accounts
1943, balance sheet,
30,
$485,580
45,485
fees
Accrued
the Sept.
$474,943
Accounts receivable
company's system.
upon
preferred stock of $100 par
disbursed in 5%
was
also
directors
Fed.
Distribution—
• ■
The
into
share
2365.
issues on Oct.
these
and class B common
A
quite strong
estimated at only $1,500,000,
spent in 1943 for improvement and
was
dividends-:.—
Service Corp.—
Corp.
-
Federal income
the net asset value
per common share is about $16.
This asset value will be increased
as the bank loan is
paid off and by the time the loan is completely
retired the aggregate increase will amount to $2,50 per share.
Con¬
struction expenditures financed from earnings in excess of reinvested
depreciation rserve will furtnr increase the asset value of the common
"Based
declared a 3% stock dividend on the class A
stocks, payable in class B common shares, paya¬
holders of record Jan. 21. A similar stock distribution
made on
was
$3,000,000
about
to
fee
service
U. S.
betterments to
common
31
Jan.
ble
the class
cash position will be
construction for 1944 is presently
whereas
have
directors
The
and
and that the company's
about
will be
1944,
1,
year.
"New
Transfer
stock.
debentures have the right to convert them
stock until the redemption date on the basis of one
for each $30 principal amount of debentures.—V. 158, p.
the
of
Jan.
$189,292
293,82,1
notes™—-
™™__™™
to Inv.
fee
Service
semi-annually until paid off on
hand
on
1941
300,294
interest and
Total
Assets—•
cash
that
1942
$185,286
270,359
received
Dividends
Earned surplus
1948.
estimated
is
$2,000,000
Redeem Debentures—
company
will redeem on March 1, 1944, all its outstanding
2nd mtge. 4% convertible debentures due March 1, 1957.
The deben¬
tures were outstanding in the amount of $3,936,000
at the end of
The
Holders
1,
"It
1943
$204,584
Oct. 31—
and
bonds
on
the bank
1, 1944, and thereafter
-Earnings-
Railway & Light Securities Co.
interest and
bank loan to retire on
has $1,000,000 of its five-year
company
March 1, 1944, and $562,500 on Sept.
loan retirements amount to $562,500
Co., Ltd.—To
Price Bros. &
in operating expenses and in
revenue and savings
amortization charges.
gross
'
-
1177.
p.
This saving is non\ '..,
1943.
bonds in April,
mortgage
refunding
.recurring."
no
158,
reduced in the neighborhood of $1,000,000 as a result
for tax purposes arising from redemption of first
"are
added,
deduction claimed
•and
the common dividend
ordinarily payable on Feb, l,pending further adjustments and clarifica¬
tion of taxes;
Distributions of 15 cents per share were made oni the
par value common stock on Feb. 1 and June 30, 1943, 1942 and 1941,
making a total of 30 cents per share disbursed on this issue each year.
—V.
this com¬
Mr,
12 Months Ended
Interest
Other
on
1943,'tFrank McLaughlin,
on t>ec, 13 to the New
"Federal income taxes for 1943,"
Society of Security Analysts,
York
to stockholders.
company's Mexican
to defer action on
have voted
directors
The
earnings per share
the
pany's common stock will be about $2.20 for
President of the company, said in an address
to a
yielding a liquidating dividend of $8.85 a share. Stockholders would
also receive an additional $3 dividend per share from profits of last
year's operations and settlement of the company's Concepcion expiopriation claim.—V. 158, p. 2365.
Power Corp.
that
are
board.
the
Directors''
Common To Be $2.20 in 1943-^—
on
0
.
has resigned, effective Dec. 31,
as Chairman
Kelletj, explained he will devote his efforts more
fully "to the'affairs of Kellett' Aircraft Corp., of which he is President.
Mr.
Kellett will continue
to serve as a member of the Republic
board of -directors.'—V. 158, p. 2052.
; ,
■
;
Kelletf
Wallace
W.
of
■:
indications
"Present
special
stockholders
meeting
the dissolution of the company,
The
that
announced
President,
McLaughlin,
Prank
ferred
Chairman Resigns—1
Light Co.—Directors Elected—
Puget Sound Power &
interest threon will
2455.
p.
Monday, December 27, 1943
COMMERCIAL & FINANCIAL CHRONICLE
THE
2620
of
total
Tpledo
is
approximately 1,000,000 people.
and under the jurisdiction of
177,000 are Catholic
Of this num¬
the Diocese of
Approximately 35% of the Catholic population live on farms.
Of these approximately 75% are farm owners.
"
:
Included in the Diocese are 129 parishes with resident pastors and
27 mission churches.
There are 103 elementary parish schools, 21 high
schools, and 1 college for women.
There are 3 Diocesan institutions,
namely 2 orphanages and a home for the aged.
Catholic institutions
in the Diocese which are owned and operated by religious communities
are:
2
seminaries for religious;
6 provincial motherhouses; and 5
Toledo.
?
Catholic hospitals.
The
Bishop
the
total
number of priests
Diocese
is
serving in this area and
subject to the
is 310.
The number of religious women
approximately 1,150, principally in charge
of Toledo
serving in
of schools,
and other charitable institutions.
to the Bishop and held in his name are 140 churches,
'96 schools,
127 rectories, 74 convents, 5 charitable institutions, 14
combination churches and schools.—V. 151, p. 1438.
hospitals
Belonging
THE COMMERCIAL & FINANCIAL CHRONICLE
158 ' "Number 4241;
Volume
directors
The
Dec. "15
on
declared
dividend
stock
a
Operating
oar-value.rommoji.-stock for each $1 par value share held, pay¬
df'$l
Dec.
$2,501,378
$2,579,885
82,895
678,644
51,123
retirement
"After
74,607
574,480
644,739
545,045
accruals.—V.
reserve
158, p. 2475.
*
ruled
has
;l7.7.1.).;;
„(See /vv i58,...p.
.
The Committee
the
that
expected-that .the common stock will be admitted to dealings on
York Stock Exchange; ex ..the 300% stock dividend as soon
certificates in-payment of .the dividend are issued, at which
is
the
their
bonds, series due in 1973, are avail¬
Co,, New York, N. Y.—V-.' 158,
first mortgage 35/e%
the- Bank
at
the
of
Manhattan
1477.
p.-
;
.
New
Southern Advance Bag & Paper Co., Inc.—Entire Issue
the
as
time
stricken
will .be
stock
the
dealings
from
Curb
New York
the
on
on
a
debenture
the
as
SEC
redeemed.—V.
corporation has called for redemption as of Jan. 20, 1944, all of
its outstanding first mortgage il/zr/o
sinking fund bonds, due 1955, at
103V2 and interest.
Payment will be made at the office of The Penn¬
The
''
2366.
p.
""
Company for Insurances on Lives and Granting Annuities,
and Chestnut Sts., Philadelphia, Pa,
Bondholders may present their bonds at the office of the trustee for
sylvania
.
Railway
revenues.
$457,721
expenses
oper.
Railway
$3,902,632 " $3,578,468
3,407,100
2,906,114
$392,467
311,406
365,434
oper.
;
Jan.
to
1943—10 Mos.—1942
1943—Month—1942
Period End. Oct; 31—
redemption and payment in advance, on or before Jan. 3, 19,44, and
upon doing so will receive the full redemption price, including interest
to the Receiver's Account)
(Includes both Receiver's and prior
15th
trustee,
Rutland RR.—Income Account—
.
,
158,
1944—V. 158, p. 2260.
20,
Net rev.
from
operation
railway
$92,287
Net
ry.
Other
income
Total
Misc.
204,777
income
Net
$107,859
——__
66,446
$464,617
$563,228
Operating
$93,625
79
161
3,409
334,282
$74,350
,™
interest
$60,039
$126,926
$223,692
accrued
not
Note—Company
,> V
■':'
-
—V.
$3,274,642
2,303,538
2,214,212
213,168
.
'
-—Jan. 1 to Dec. 14
—Week End. Dec." 14—
1942
1943
158,'
earnings
Gross
158,
™_:
1942
$6,054,746 $314,544,812 $261,133,969
$6,867,475
.
1943
2475.
p.
Louis-San Francisco Ry.—Outlay Approved-
St.
Louis.
at St.
J.
Trustees
Frank
and
Kurn
M,
filed
Thompson
A.
in
petition
a
purpose
of
authority to spend the money for
eliminating dangerous curves and a steep grade and.
construction
of
4.14
court
Federal
requesting
6
Dec.
miles
of
158,
tracks—V.
new
2475.
p.
Taggart Corp., below.r- -V. 158, p. 2475.
See
Com¬
V
;
disposed of all its interests in Arkansas Western
subsidiary, the SEC has issued
holding company,
its registration as
its sole remaining public utility
order, holding Southern Union has ceased to be a
an
arid conditions,
certain terms
to be in effect.
subject
that,
and
shall cease
to
Sept, 19,
Commission, by order dated
The
Corp. Common Stock-
"
The company having
Gas Co.,
such
St. Regis Paper Co.- -Offers To Purchase All Taggart
/'
pany—
.
Gas Co.—No Longer Holding
Union
Southern
in 1944
road Dec. 20 by Federal Judge George
granted to trustees of the
Moore
the
3,714,301
$3,431,673
Southern Ry.- -Gross Earnings—
......
Authority to spend $2,483,662 for additions and betterments
H.
4,929.604
$333,552
222,021
2086.
158, p.
—V.
was
369,321
$324,136
income—
oper.
f
tax.—V.
Federal excess profits
to
subject
.
outstanding bonds, but "unpaid.
on
451,025
income—
Net
334,430
—
22,500
33,000
$2,243,505 $24,432,763 $21,426,307
1,540,632
16,071,486
14,437,364
-1,704,787
taxes
Net
5,106
33,425
expenses
Operating
3,^00
$2,479,948
revenues—
Operating
1943-rlO Mos.—1942
$2,247,005 $24,465,763 $21,448,807
8,000
.
Cr29,205
159,680
rpv.„
$496,782
33,430
charges™
2259.
Cr50,578
39,864
income
"Includes
.
$304,937
31,121
$67,995
™—
fixed
Cr3,Q76
$62,504
Crl,780
.
*
1943— Month—1942
$2,487,948
Operating revenues
Uncollectible oper.
$672,354
241,173
deductions
"Total
p.
$495,532
21,633
■1
;
income-*
oper.
$81,061
26,072
—
approved a volun¬
1942,
plan of reorganization and simplification of Southern Union, a
registered holding company, and its subsidiary companies* filed under
Section 11 (e)
of the Public Utility Holding Company Act of 1935.
tary
—V.
158,
2196.
p.
'
•
holders
in
of
Commission
Standard
delphia
take
has
Gas
risk
■
been
1943—Month—1942
Period Ended Oct. 31—
1943—12 Mos.—1942
$3,534,110
•
.
$403,177
$329,315
$4,521,251
179,588
133,743
1,914,423
Maintenance
18,596
17,640
225,294
1,491,915
193,277
Depreciation
34,083
32,775
405,666
392,198
taxes—
70,668
51,305
811,966
424,739
——
28,825
26,867
346,999
311,759
period End. Oct. 31—
Operating
Federal
Other
income
taxes
v
Net
$71,415
revenues—
oper.
Other
net loss-
income,
1,716
:
^
$816,901
20,751
Uncollectible
Net
Interest
34,206
31,229
396,051
—™™
$34,450
$411,845
$323,370
dividend
requirements.™—
14.9,114
indenture trustee, this is the first time
upon to rule on this point.
Pointing?
Crossman
itself
said
Preferred
dividend'
requirements—™.
60,000
60,000
stock and surplus--——
for common
amounts'shown
above
for
$114,255
$202,730
Federal, income
include
taxes
taxes of $691,168 for the 12
months ended Oct. 31, 1943 (1942—$300,707) after deducting estimated
estimated
for
post-war credit of $76,790 (1942—$31,422).—V.
158, p. 2086.
' "
stockholders have
into
take
Co.,
Brewing
15.—V.
Dec.
on
that
announced
is
It
.
negotiations
Milwaukee,
158,
2366.
p.
by
Wis.,
—
.
corporation to purchdse
$6,000,000 were completed
the
for
Dec.
Stock Exchange has authorized the
to
28
connection
stockholders
consideration
As
be
the
rate.-
debt
take.
to
and
Orlando,
at
Fla.,;
Dec.
on
signed
16
previously instituted by Bankers Trust Co. and John T. Flynn, trustees
under the mortgage, against Seaboard-All Florida Ry. and certain other
system. The compromise plan of
reorganization, for the Seaboard Air Line Ry. system, as approved by
Federal Judge Chesnut at Baltimore, contains no provision for Seabqar.d-AH' Florida Ry. security holders. Heretofore Seaboard-All Florida
Air Line Ry.
the Seaboard
in
Ry.! properties have been operated
part of the Seaboard Air Line
It is understood that one of the
seek from Seaboard Air Line Ry,
as
Ry,'system under terms of ;lease.
purposes of the intervenors
is to
receivers
accounting of
an
$71,168,207 $60,936,100 $42,378,884
™^™-™..™™™™
,
elevator
the operations of Seaboard-All Florida Ry.
——
Seatex Oil Co., Dallas, Tex.—New Control—
eign subsid. charged off
Idle mill expenses
:
Bennett, President of Red Bank Oil Co., has been elected
President and a director of Seatex Oil Co.
Mr. Bennett confirmed the
report that Red Bank Oil is acquiring controlling stock interest in Sea¬
tex Oil Co.
He said that an agreement has been made- for the acquisi¬
basis -of payment
the
in cash and Red Bank
Oil Co.
common
stock.
River Field,
and
County,
—V.
Oil
Seatex
The
Co.'s
properties
consist
of
wells
21
in
Mission
the
Refugio County, 5 wells in the Midway Field, San Patricio
3 wells in the Fox Field, Victoria County—all in Texas.
1417.'
155, p.
__
38,380
contingencies
136~044
the
Like
stock,
common
10.
amounts
while
last,
$4,
par
dividend
a
payable Dec.
disbursed
were
April
on
declared
have
1,
of
24
10
to holders
this issue
on
1943,, a-payment
cents
income
of
4,409,258
on
of.l5
of
July
cents
1
Dec.
1,
record
and
per
Oct.
share
cents
able
also
declared
share on the 6%
per
usual
quarterly dividend of
cumulative preferred stock, par $25,
holders of record Dec.
24 to
Dec.
the
10.—V.
158,
p.
$1,804,202
profit
Dividends
"Less
$1,493,653
;
—
865,662
declared-
or
$1,047,125
$2.65
$3.66
{Included
in
of
cost
SSteamship
sales.
only.
37Vn
*
United
States
property
savings
assets
"
—„
Aug. 29,'42
$10,447,382 $10,543,513
137,000
137,000
247,024
13,400,975
1,322,394
3,415,392
—
265,255
14,346,618
4,346,152
l_j._
—
-j
stock
and ex¬
.
Aug. 28,'43
...
bonds—
——
charges
■■
Sheet
"
—
Inventories
Deterfed
revenues
.
and
Other
$331,232
tOn 509,213 shares of capital
post-war credit of $20,760,
par).
$1,349,658
$1,861,866
1,018,426;
>814,741
$627,991
i.—
share..—
i per
22,872
61,518
$2.93
surplus.—
Balance,
tEarnings
.—™..
paid
34,792
.1
73,715
Account^1 ^receivable
directors
$1,288,141
was
made.
The
"2,232,569
224,825
subsidiaries.
foreign
Assets—
on
677,671
(net)
income
"Plant
share
per
51,724
923,599
$1,419,938
profits tax
excess
Balance
directors
129,640
697,372
—
Frov." for Federal
(no
400,000
69,200
Provision for Federal income tax___
Net
51,500
51,500
400,000
.™_
charged off__
property
Interest paid
Other
1,339,337
30,000
bad
for
Foreign
4,468.844
—.
debts
for
Provision
penses
Securities Acceptance Corp.—10-Cent Com. Div.—
The
506,105
;•
Provision
Net
W.
on
$7,823,251
459,305
541,665
Profit
tion
34",'555,633
advances to for¬
in and
Investment
properties during the life of the receivership.—V. 156, p. 2310.
Frank
48,920,470
$7,634,777 $12,015,630
t
5,122,339
§65,533,430
operations.™-!,™-
profit
_•
Selling and administrative expenses
Provision for depreciation™.
Gross
2,831,648
286,735
302,787
—
$33,242,354 $28,787,519
Following the annual meeting,
D. A. Whittaker, President, said that
in the first quarter of the fiscal year which began Sept. 1
proceeding favorably as compared with the similar period of last
year.
At the annual meeting G. A. Martin, Chairman, told the share¬
holders that the company was in as healthy a position as it could be.—
Liabilities—
notes
operations
Serial
were
Long-term bank loan
V.
157,
2353,
p.
Accrued
Accrued
Federal
645.
Dividend
Smith
Stock
The
ized
the
&
Wesson, Inc.,
Springfield, Mass.
—
20-for-l
taxes
year
——j.
*.
>—;,——
of
its
45,664
:
stockholders
Electric
declared
_—...
number
constitute
of
an
shares
increase
voted
common
from
in
to
change the
stock
25,000
from
to
capital.-W,
par
$100
500,000.
155, p. 56.
value of the author¬
to
$5
This
and
to
change
increase
does
not
Total
"After
30,
*——
-
order
an
1940,
1,
to
96,520
$8,747,670 in 1943.
158,
p.
permitting
the
company
to
April 1, 1945; (b) 39,250 shares
cumulative, stock; <c) 25,500
preferred, 6% stock, and id)
of common stock.—V.
158, p. 2367,
*
-
the
Electric
public utility operating companies in the
Company system for the week ended Dec..
output
Gas &
of
the
public
Electric Co.
kwh.,
system
as
listing
Offering—
filed an amendment to its registration statement on
the underwriters on its proposed offering of 101,389
convertible preferred stock (par $100) as follows:
& Co,, Inc.,
Inc., 1.25%;
Davis
& Co., 1.50%; Estabrook & Co.,
1.25%; Fahey, Clark & Co., 0.75%;
Field, Richards & Co., 1%; First Boston Corp,* 10%; First Cleveland
Corp,, 1%; Harriman Ripley & Co., Inc., 4%; Harris, Hall & Co.,
Inc., 2%; Hawley, Shepard & Co., 2%; Harden, Miller & Co., 3%;
Hayden, Stone & Co., 1.25%; Hornblower & Weeks,a2,75%; W. E.
Hutton
& Co., 2%; Kidder,
Peabody & Co., 2.75%;-; 'Lee- Higginsoa
Corp., 1%; Harriman Ripley & Co., Inc., 4, %%> Harris,> Hall & Co.*
2% ; Laurence M. Marks & Co., 1.50%; Mellon Securities Corp., 4%;
Merrill Lynch, Pierce, Fenner & Beane, 2.15%; Merrill; iTurben & Co.,
2%; Morgan Stanley.<& Co,, 10%; Maynard H. Murch"& Co., 1,25%;
Ohio Co., 1,%; Paine, Webber, Jackson & Curtis, 2,75% ; Arthur Perry
& Co., Inc., 1.50%; Shields & Co., 2.50%; Smith, Barney & Co.,'4%;
Union Securities Corp., 2.50%., and White, Weld & Co:'; 2%.
The dividend rate on the preferred, conversion rate and offering
price, first to common stockholders and unsubscribed stock to the
public will be supplied by amendment.Moseley & Co., 10%; Blair & Co., 1.50%; Blyth
M. Byllesby & Co., Inc., 1.25%Coffin & Burr,
S.
F.
H.
.
Approved—Common Shares In¬
creased—Rights to be Given Common Stockholders—
Preferred Stock Issue
At
meeting
a
on
Dec,
of the common stockholders approval was
22
the articles of incorporation authorizing
aggregate par value of cumulative con¬
stock ranking on a parity with the $12,000*000
aggregate par value of 5% cumulative preferred stock now outstanding.
At the same time the directors were authorized'to fix the dividend rat©
and the conversion rights of the new stock.
Stockholders also authorized an increase in the number of common
shares from 811,112 to 1,300,000.
Of the additional common shares
236,237 will be reserved for the satisfaction of the conversion rights
of the new preferred stock.
Following the stockholders' meeting, the directors fixed the dividend
rate on the new preferred stock at 4>4%
annually, cumulative from
Jan. 15, 1944^, and payable quarterly thereafter.
The new .pi'^fred stock will be convertible at the option of the
given
to
amendment
an
Issue
new
a
vertible
of
to
$10,138,900
preferred
inib;k'qi^mdn,
holder
per share, which is equivalent to
of the new convertible preferred stock
and thereafter perpetually at the rate of
equivalent to 2.0 common shares per share
stock at $43
commbn shares* per share
for
period
a
of
ten
years,
share, which is
prefCi'redUfU-, .'
value of the new preferred shares is $100 and the redemp¬
tion price is $105 >per, share.
After the release by the SEC, subscription warrants for the purchase
of the new stock at a price of $100 per share, and at the rate of
one
share of the new preferred stock for each eight shares of the
per
new
The
673,559
New
8,099,892
2367.
'
Curtiss, House & Co., 0.75%; J. M. Dain & Co., 0.75%; Paul H.
par
present
Dec.
on
common,
23, 1943.
The
W.
tue
will be issued- to common stockholders " of record
These warrants are to expire at 3 p. m. on Jan. 5,
when issued, are expected to be traded in on
warrants,
York Stock Exchange
the
For
and the Cleveland Stock Exchange.
,
stockholders, the warrants may be exer¬
convenience of the
transferred or exchanged at designated banks in the cities of
Cleveland, Chicago and San Francisco.
letter to shareholders which accompanied the proxy statement,
T. Holliday, President of the company, stated:
"The purpose of
proposed issuance of the new preferred stock is to provide new
In
ing excess profits tax.—V,
'
of cumulative
1944.
1941,
of
and
company
18,
New
in
(representing 58.1%)
211,315,000
The
Dec.
$33,242,354 $28,787,519
$8,075,276
.
^
6,933
—
of
.
Standard Oil Co. of Ohio—Underwriters for
$8,279,869 in 1942* and
{Represented by 50^.213 shares (no par). {Includ¬
1
depreciation
-
utility operating companies in the
for the week ended Dec.- 11, 1943,
compared with 178,140,000 kwh. for the
corresponding week last year, an increase of 18.6 % .—V. 158, p. 2367.
totaled
254,607
surplus
:
1943,
April
output
Gas
Electric
Standard
254,607
!
.
turn
power
totaled 212,402,000 kwh., as compared with 179,323,000 !kwh.
for the corresponding week last year, an increase of 18.4%.
-—1,154,532
—
to
voting
1943,
18,
$3,196,929
—
policy
78.7%) of preferred, .6%
(representing 54.6%) of second
cised,
have
outstanding
from
bonds
Standard
5,441
—
'
Split Up—
and
issued
Weekly Output—
15,107,130
;
tax_:„,
sound
indebtedness
Sept.
to
61,900 shares
8,611,020
payable
interest
income
Reserves
Earned
—
:
—
within
due
$12,230,325 $12,230,325
2,148,755
4,173,637
420,000
420,000
1,660,000
1,240,000
——
a
distribute
$863,094; interest on
is computed by Standard in the sum
whereas Market Street Ry. computes
interest to said date at $204,448, claiming the right to accrue interest
at 4% fx-om Oct. 24, 1939, pursuant to a plan, approved by the Rail¬
road Commission of the State of California, for extension of maturity
of
stock
Accounts payable
tCapital
not
to
Allyn and Co. and Equitable Securities Corp., for $800,00G
account
open
$50
Sherwin-Williams Co. of Canada, Ltd.—Operations-
C.
A.
$272,975
2.33
pay¬
2260.
the Phila¬
required to
It was an injustice, he added,
stock
.
15
Dec.
on
of
4% ;
incl. cost of steamship
an
permitting eleven petitioners representing Seabord-All Florida
first mortgage 6% bonds to intervene in foreclosure proceedings:
order
ljnes
Aug. 29, '42 Aug. 30, '41
$70,047,313 .$59,253,390 $40,454,091
§1,120,894
1,682,711.
1,924,793
sales
Cost of sales,
"It is
issue
:
SEC
to
said
Aug. 28, '43
Ended—
Years
be
Railway to Standard in the principal amount of
Account
Income
Steamship and elevator revenues™
and
Akerman
Judge
.
Comparative
Net
.
101,842 shares to
will be transferred from earned sur¬
'
capital of the company.
plus to
of the
payment
full
save
not
cash, its entire interest in Market Street Railway, which interest con¬
sists of:
(a)'an open account indebtedness owing by Market Street
■
.
v.
in
and
for
making the total amount
14,
Dec.
,
the sum of $2,469,675
issued,
Total
Federal
record
holdings
should
equitably "when they don't want it.
All they want is their debt be
in cash,"The plan of recapitalization of Standard Gas provides that holders
of the $59,202,200 of notes and debentures of Standard receive 50%
in cash, such cash to be raised by the vise of treasury cash, the "pro¬
ceeds of the sale of Pacific Gas & Electric Co. stock, arid the proceeds
of a proposed $21,000,000 three-year bank loan; and the balance of the
claim to be satisfied by the distribution for each $500 of remaining
claim':
Five shares of common stock of California Oregon Power Co.,
two shares of common stock of Mountain States Power Co., and 23
shares of common stock, series A, of- Standard, being approximately
28% of: the new common stock of Standard provided by the plan.
In .the draft of proposed findings and opinions recommended by the
staff, it was proposed that the percentage of total stock to be received
by the note and debenture holders be increased to 33.33% as against
the 28.04% allocation provided by the company in its plan.
Guaranty Trust; Co. proposed a substitute plan-which provides for
the immediate liquidation at least of Standard's holdings of Mountain
States, California Oregon and Pacific Gas & Electric Co., and the use
of the proceeds of these liquidations, plus treasury cash, for thp pro
rata payment of a substantial amount of the notes and debentures,
Using market prices where available and giving appraisals based
upon earnings, Mr. Crossman pointed out sales of these three security
holdings plus subsequent sale of Oklahoma Gas & Electric Co. and
Wisconsin Public Service Co. plus $6,000,000 available working capital
would give a lotal of $48,615,000 to meet the $59,202,200 present notes
and debentures, leaving a balance of $10,587,200 unpaid notes, which
he said would be satisfied by new five-year collateral trust notes of
Standard secured by all the remaining holdings of Standard, which
notes, he said, could be paid off in five years out of earnings,
He
suggested the interest rate on new notes be 4% in place of present
shares
Seaboard-All Florida Ry.—Intervention Granted—-
Ry.
of
applied for 611,055 shares.
its
paid
listing of 101,842
capital stock
(no par) on official notice of
with the payment of a stock dividend payable
of
shares
in
/■-.
,
.
.
Sons, Inc.—Listing of Additional
:;7,.■■'''■ ' ,7.7,,v\,
x;.
all
stockholders," he added.
away
(representing
'
Schenley Distillers Corp.—Acquires Blatz Brewing Co.
Blatz
180,301
11,490
New York
The
additional
profits
excess
$320,092
156,329
$61,068
47,314
$25,586
6,000
2087.
p.
Shares—
issuance
Note—The
$293,775
-
96,363
of
creditors
accepting for part of their, cash common stock in a
scrambled holding company such as Standard Gas &
is."
shares
149,114
Balance
Crl,167
$1,515,238
979,909
215,237
Spencer KeMogg &
Debenture
provision
income-—
oper.
158,
376,099
$35,492
amortiz™
and
Balance
111,151
52,576
$1,802,015
1,060,697
447,543
$699,469
$807,897
$65,679
$69,698
-
$156,264
income
—V.
Balance
600
$189,313
'
rev.
revenues,—
tha
against
Creditors, he said, should be paid off out of the proceeds of liquida¬
tion, and not asked, to become common stockholders and take the risks
sell
$1,521,238
Operating expenses-.Operating1 taxes
Net
1943—10 Mos.—1942
$1,808,015
6.000
$189,913
challenged
Sale of Market Street Ry. Holdings—
$136,864
600
'
has
stockholders
of
"pyramided,
Electric
6%
1943—Month—1942
.
—,
oper.
Operating
$720,220
9,004
$66,983
1,303
.
revenues
Gas
into
called
divest
must
Mr.
Co.,
the
The
Operating revenues
Operation
holders
the
of New York,
the
out
Telephone Co.—Earnings-
Southwestern Associated
Standard
such
convert
^
Savannah Electric & Power Co.—Earnings—
Cin¬
at
company
then, they argued, the Act itself is unconstitutional.
According to Edgar G. Crossman of New York, counsel for the Guar¬
anty Trust Co.
to
Railway tax accruals
Equip. & joint fac. rent
this
the company to
Holding Company Act.
They held Congress never intended, and that Act does not authorize,
the Commission to turn creditors of a solvent holding company into
stockholders to comply with the integration provisions of the Holding?
Company Act or to distribute equitably voting power.
If the Act does
common
.
for
voluntary plan of reorganization filed
comply with Section 11 (B) of the Public Utility
by
creditors
Southern New England Telephone Co.—Earnings—
Period End. Oct. 31—
to
proposed
,
be
Vice-President
1943.—V. 158, p. 646.
confer such power,
of Bonds Called for Redemption—
dividend-on basis. • Accordingly, the stock will not be
quoted ex the stock dividend on the New York Curb Exchange, but
at such time as the stock is stricken from dealings, announcement will
be made as to the date when due bills for the stock dividend are to
Exchange
for
of
will
power
,,;
Definitive
able
after Dec.
It
& Gas Co.—Definitive Bonds
Ready—
quoted ex-30Q% .stock dividend and that all certificates delivered
17 must be accompanied by due bills for the stock dividend.
.not
Resident
Dec. 13,
Standard Gas & Electric Co.—Debenture Holders Ob¬
Counsel
South Carolina Electric
.
Security Rulings of the New York Curb Exchange
common
stock of Royal Typewriter Co., Inc., be
on
Tow,
on
ject to Plan—Substitute Offered—-
value
creased.
H.
cinnati, died
$217,139
59,810
„
income
Net
the company filed an amendment to its certificates of
14,
incorporation changing : its common stock from shares without par
into shares having a par value of $1 per share on a share-forshare basis.
The: number of, shares of common stock was also in¬
Standard Accident Insurance Co., Detroit—Obituary—
George
1943—12 Mos.—1942
$217,516
revenues
income
"Gross
able Dec. 27 to holders of record Dec. 17.' "
On
1943—Month—1942
Period End. Nov. 30—
shares
three
of
Co.—Earnings—
Sierra Pacific Power
Royal Typewriter Co., Inc.—300% Stock Dividend—
■
26ZI
York,
a
capital
has
for
been
largely
the
for
operations of the company.
The company
capital expenditures for the last few years,
expanding
making
facilities
ing
heavy
in and additions to the company's refining
acquisition and development of crude oil produc¬
improvements
the
and for
properties.
"It
expected that continued expansion in production activities
capital
expenditures in the refining department,
to¬
is
and
probable
expenditures, are likely to be too great to
be paid out of
the company's general funds.
The company has no
specific capital expenditures under consideration other than for the
completion of its catalytic cracking unit, now under construction, and
other than expenditures considered to be in
the ordinary course of
business or not of major importance."—V, 158, p. 2367.
gether
other
with
capital
The
ICC
$502,400
of
issue not
to
company
notes,
in payment for, the unpaid purchase price
conditional-sale agreement for the purchase of equipment.
a
but
of,
not
Baltimore & Ohio RR. to assume
obligation and liability, as guarantor, in respect of the payment of
the principal of and interest on the above notes.-^-V. 158, p. 2296.
Authority
to
granted
was
the
Period—
Sales
not exceed
for'such
to the Pacific Coast, sales to any one
6% of the total sales of the company and its
&
subsidiary corporations, including Stokely
in 15 States, the Province of Ontario,
Canada, and the Territory of Hawaii.
The locations of the plants are
planned to give diversification of raw material supply, minimize the
effect of local crop failures and, under normal peacetime conditions, to
Stokely Foods, Inc.
Acquisition of Control of
8,164,091
3,992,169
%2,377,566
110,262
472,612
49,265,178
6,683,341
6,915,881
7,918,962
7,973,452
2,111,655
doubt¬
accounts—
for
maint".
Company entered into an agreement as of June 1, 1943, with Founda¬
Industrial Engineering Co., Inc., which subsequently changed its
7,023,606
8,242,345
pension
for
Provis.
691,986,754
53,982,681
52,48L399
fund
ful
56,719,521
4,544,617
to
,
771,573,482
922,130,558 '
1,289,928,449
8,452,257
Contr.
Oct. 26,'40
$
'
'
exps.
Deprec. and depl.
Prov.
52 Wks. End.
•
1,409,405,770 1,018,989,223
1,370,540,305
admin,
•'Taxes
;
Nov. 1, '41
$
;
$
Canadian Subs.)
53 Wks. End.
Oct. 31, '42
$
serv.
service
operates 44 plants
_
(incl.
Sell., advert,, gen.
year, '
provide an adequate supply of seasonal labor.
,
revenues)
—1,490,016,635
Cost of sales and
through
company,
Inc.,
Foods,
■
•—-52 Weeks Ended—
.
.
brands
company's
day when peace-time com¬
the glad
for
Oct. 30, '43
1941, except for one customer with whom the company had a
marketing arrangement, now terminated, designed to aid in introduc¬
the
ready
Consolidated Income Account (Including' Domestic and
31,
The
exceeding
to be delivered to the Irving Trust Co.,
promissory
evidence
under
the
authorized
14
Dec.
on
,
underpressure."
customer, other than the Government agencies,-in the fiscal
ended May 31, 1942, and May 31, 1943, did not exceed approxi-,
mately 6% and 3% of the total sales of the company and its sub¬
sidiaries for such years, respectively.
In the fiscal year ended May
one
years
ing
be
and
morale of the 72,742 employees in
the Swift organization, Mr. Holmes said they "have demonstrated that
they had the. ability, strength,
and spirit to carry on efficiently
practice in carrying on the processing and packing operations.
Sales to U. S. Government agencies accounted for approximately 47%
of the total sales for the fiscal year ended May 31, 1943.
Sales to
any
effort
war
petition will be restored."
Ir
recognizing the excellent
In the future, Stokely Foods, Inc., will continue this
to-start the crop.
subsidiaries
Staten Island Rapid Transit Ry—Notes—
the
company's specifications in the contract.
In many cases the company
sold on credit plants, seeds and fertilizer to the growers to enable them
customer did
in
Monday, December 27, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
2622
550,532
762,441
.
defer,
of
prop.
1,000,000
income..
44,723,704
i„—
x.
i,;
tion
Stetson Co.—Resumes Common Dividend—
(John B.)
The
no
directors have declared
value
par
Dec.
This
30.
when
first
payment
directors
preferred
the
is
similar
a
The
also
dividend of 50
a
covers
last,,
a
the
Jam
payment on
made.
15
was
declared
dividend of 4%
a
stock, par $25, payable Jan.
This
cents
per share on the
to holders of record
this issue since Jan. 15, 1937,
payable
stock,
common
dividend
months.
six
of $2 per share wasi made, which
the preferred stock.—V. 158, p. 94.
Stokely
Brothers
15,
July
all
up
Offered—
Inc.—Debentures
Co.,
&
On
cleared
distribution
arrearages on
cumulative
15 to holders of record Dep. 30.
current
the
for
due
8%
the
on
Blyth & Co., Inc., and Reynolds & Co., on Dec. 17 offered
$4,000,000 15-year3xk% sinking fund debentures, due
Dec. 1, 1958, at 100 and accrued interest.
,
Dated
Dec.
Dec.
in
1
1943;
1,
York
New
due
at
Minimum
semi-annual
and
1
Dec.
each
of
sufficient
sum
plus
each
Interest payable June
1958.
fund,
sinking
and
1
payable
prior
or
on
June
to
1
commencing June 1, 1944, amounting-to a
$100,000 principal amount of debentures;
year
to. redeem
additional
an
1,
Dec.
principal office of Bankers Trust Co.,,,trustee.
annual
payable
payment,
prior to
or
on
%, of
Oct,
1944, amounting to 25% of the consolidated
net
earnings of the company and its aualified subsidiaries for the
preceding fiscal year in excess of $600,000, except that the amount of
the additional payment, when added
to all previous payments, need
not
exceed an
annual average sufficient to retire $280,000 principal
amount of debentures.
The minimum sinking fund is calculated to
retire
72J/2% of the debentures by maturity..
Company may deliver
'debentures at principal amount for cancellation in lieu of any part of
commencing in
year
sinking fund payment.
any
notice, for the sinking fund or at
the option of the company as a whole or in part at any time, in each
case
with accrued interest, at 103% on or before Dec. 1, 1946, there¬
after at .102% on or before Dec. 1, 1949, thereafter at 101V2%, on or
before Dec. 1, 1952, thereafter at 101%
on
or before Dec.
1, 1955,
Redeemable,
.
thereafter
100%%
before
or
on
at
maturity.
30 days'
at least
on
Dec.
on
Dec.
before
or
1957,
1,
and
thereafter at
1956,
1,
100 %%' thereafter
at
to
the
extent
of
the
debentures.
of
milte
five
per
annum
XXX
the
of
(1)
to
to
debentures
the
on
estimated
.(2)
to
-
to be $45,070)
retire,
after
and
2%%
from the
accrued
company
exclusive
of
deduction
of
which
expenses
used:
are to be
100%%,
at
$3,864,930,
(estimated,
debentures
promissory
notes
the
of
in the aggregate principal amount of $2,000,000
at the principal amount thereof, all of the
outstanding 3% promissory notes of the company in
the aggregate principal amount of $800,000—
to provide additional working, capital required for in-
$2,010,000
retire,
accounts
creased
receivable,
payrolls
increased
:
•
_
sinking fund debs.,
and
1,054,930
present financing)
to
4%
mtge.
5%
unsecured
5%
cum.
payable Sept.
note
1,
1958—~.
Common
°A11
stock
of
stock
stock
1944
of
the
None
84,000 shs.
None
preferred stock and. non-convertible preferred
outstanding
has
either
been
sur¬
for
not
Oct.
15,
issue
any shares of such convertible preferred stock or non-convertible
preferred stock in the future, but will, when a suitable occasion presents
itself, eliminate all reference to said stock from
poration by amendment.
$The
Nov.
of
59
the
stock
outstanding
of
of
As
cumulative
15,
Nov.
Nov.
15,
1943,
include
1943,
there
prior preference stock
were
and
scrip
Years Ended May
issuable
1943
1942
4,863
1941
1940
—
Gross
profit
oper.
Gross
Sell.,
$6,381,916
$8,380,196
$3,750,812
$3,433,673
76,621
47,615
71,963
20,731
profit-
_
and
gen.
expenses
$6,458,537
$8,427,811
$3,822,775
$3,454,404
3,046,440
.
3,849,613
2,430,972
2,535,376
admin.
——
—
$3,412,097
$4,578,198
$1,391,803
V $919,028
290,367
profit——X—
Gross
Other
sales
income-
on
137,686
103,120
70,375
income.—
1
V
&
'
;
7
'
•',.v
Thermoid
of
—V.
158,
Co.,
elected
was
1077.,'-
p.
■
V-,
v
Total
Int.
income-™...,..-
Other
$3,702,464
$4,715,884
$1,494,923
$989,403
334,490
446,514
324,115
293,758
96,618
109,738
112,135
136,813
allowed
funded
on
•
debt
interest———
Other
62,227
deductions—
Prov,
for
Prov.
for
taxes
on
81,773
6,673
inc.
$1,063,856
90,982.
7,000
107,708
$715,589
$1,685,454
30,500
238,514
$329,642
2,347,000
renegotiation.
Consolidated profit-—
97,570
19,627.
2,138,600
25,778
Business—Company
was incorporated in Indiana Aug. .13, 1936, as a
to a company of the same name organized, in
.JDelaware in
by the consolidation of a Delaware company bf the,same name,
which
had
Canneries
been
Co.,
organized
Inc.,
and
in
1927,
with
Fame
Canning Co.,
Beaver
Jeffersonville
Packing Co.
The business was
originally founded as a partnership in 1898 at Newport, Tenh.
The company, either directly or through its subsidiaries,, is engaged
principally in the purchase, processing, packing or dehydrating and
sale of an extensive line of vegetables and fruits, operating plants in 15
States, Canada and-Hawaii, and distributing its products throughout
the United States and in peace time to a limited extent in the export
trade.
16%
of
the
total
sales
of
labels
the
in
company
any
and
one
its
year
did
not
subsidiaries
exceed
for
such
the
fruit
year.
In
the'
packed
by
advance
chase
past,
the
of
the
substantially
the
the
vegetables
and
part
of
subsidiaries were contracted for in
growing season, the company being obligated to pur¬
crop grown on the specified acreage which met the
company
entire
all
and
its
$2.83
$2,91..
,
^
~
76,641,489
A—X—AA-—h———1—.1,889,293
1,994,729
charges
Liabilities—
■
...
stock
all of
or
ments,
fact,"
for
inventory price decline—;
for
deferred
General
surplus
Treasury
462,067.
5,767,000
r
16,000,000
\
99,842,152
^tqek.-^—_tDrl,818,668 Drl,816,985
Total
.
1,250,000
5,767,000
maintenance of properties
1,000,000
16,000,000
108,390,238
reserves
Earned
™J—363,862,028 ,341,650,800
—-i—
in
1943.
t 77,804 shares at less ;than cost.
.
domestic
158,
subsidiaries
2296. yv'
p.
{Includes $470,365 due
$72,784 due from foreign subsidiaries.
and
:i;yr y...;,.*-
X
-v'
X
X
Tampa Electric Co.—Earnings—,
*
;Period-End.'Nov.30-—
• 1943—Month—i942 V■
1943—12 Mos—1942
Operating' revenues X^ ':'';:$566;590:''
$494,069 ^$6,637,911 K $5,695,188
•
income
Gross
after
re¬
accruals
96,714
-income' -I—XXh-;X—
93;488
tirement
Net
—V.
res.
158; P:.
•
,-93,427
1,204,173
1,148,132
-1,184,977
1,134,332
■
87,140
•
2476.V--
Co.—Listing of Additional Capital Stock- -Ac-
Texas
"
quisition—
The
;Xv,X;X'X.>X-Vx
X
York Stock Exchange1 has
New
official
notice
■'
'
,
•
issuance
of
in
acquisition of the stocks of Selby Oil & Gas Co.,"
Montour-Production Co. and Arthur Brewer Coi
number of shares of stock applied for 12,003,805
Co.,
,'X
h'-
180,040 shares of capital stock will be used for the
of ■Lewis; 99,400 shares for the purchase of ■ Selby; .2,236
for the purchase of Montour; .and 12,645 shares for the pur*
Brewer.—V,
of
chase
158, p.
2476.
Thatcher Mfg. Co.—New
The
company
Pollock
sales
of
on
President
as
President
to
of
Dec.
all.
the
the
of
elevation
the
and
Chairman
announced
16
'
-
..
President, Etc.—
board.. Mr.
of
election
Emory
Pollock
G.
of
X
>x
Franklin
D.
Ackerman
has been
in
from
charge
products-of the company, except milk bottles. He was
Co. before its merger .with Thatcher
Co., the announcement said.
Mr. Ackerman had been
Vice-President of the Olean Glass
Manufacturing
of
President
the company since
Thermoid Co.
V-
1941.—V.
X•
158, p. 2518.
.X-'X-
(Incl. Domestic Subs.)—Sales—
Period Ended NoV;30—"
;1943—Month—1942
1 ;
X V
'1943—llXlos.—1942 7
SaieS',;—XX-—$1,357,369'*: :$926,672;$14,508,643 $16,968,691
Delisting of Additional Common Stock—
.
j
making the total" amount applied for to date 715,606 shares;:
shares swere recently offered to the public at $8,875 per share.
158, p. 2476. • •"X"
r'-. ,',v
:
ar.X
V,.;V.!.., IP•, ,','v, ?•;. „ • A
issuance,
These
•>
the American farmer for his production achieve¬
be said, "each yeah during the last six,r,the near-
X;
TheXNew ;Xqrk.;Std
.authorized the listing,' of: 124,*?50
'sham;''^!.stdcki'.fpar' $l)t 'onXofficial (notice of
additional
to make sub¬
-..vX,*.;/;
-X;X ';X. '".X -XX V
authorized the listing of 300,000
upon
Approximately
shares
■
■
.
stock
capital
purchase
fundamentals of source of supply, methodlof manu- ;
..
the
the total
v'v
making
claim
"
of
Production
shares,
;'
program of
been ' careful, to
,
with
connection
Lewis
:
—V.
;
---i: '■
has been; achieved—more '.food- has : come from .our 4arms
ranches than ever before; Swift :&7Go.7is ■ proud^df-;its ?.pirt .in;
impossible
and
3,211,660
32,269,249
currently--v_—
Reserve
Holmes praised
"In
12,165,651
.45,700,278
1,250.000
Current accounts with affiliated companies.—;X K 130,531
-V."':/
Report-?
savings in our operating costs."
12,500,000
10,000,000
.
facture, or method of distribution and selling; *\X; V-;
-.
"In certain departments of our business, we were able
Mr.
150,000,000
12,500,000
8,750,000
taxes-.—X-Ji.--,-—
debentures; due
Serial
our
the
704,110
V"'.,.;1-'"'
par)X-u___—h—h—-X.'—X_- 150,000,000
($25.
Provision for income
spreading the risk ■ through-diversi¬
confine our activities to fields in
to come competence. / Study
of
products added to the line in recent years will show that the new
items
are
closely related to. those we; were • alfeady . selling' in ; some
one
6,206,371
Accounts. payable-: h——™u——-ihA—12,931,:439;
Accrued : liabilities i: 3,261,210
;
diversification.
lay
•r—
124,720,352 114,184,825
—
20-year 2%% debentures!;—^—_iX__—X——_X*'
Serial debentures XX—X—X—-Xi—;±;;X_.Xf—-
.
fairly
97,179,956 101,323,492
' 11,629,064
28,966,720
Capital
represented 1.17 cents for each sales dollar received by the company
1943,
' ■•,.
:
7
"Our profit for the year came from operations other than those
of the beef and pork departments," declared Mr. Holmes in his Year
Book message to shareholders.
"These two departments operated at. a
loss for the year due to a variety of conditions beyond our control.
A
study of our earnings by departments has given proof, if proof
were
needed, of the wisdom of Swift & Co.'s long-time policy of
in
/
I—-—— 363,862,028 341,650,800
figure represents an increase of $80,610,865 over the previous record
year pf 1942.
The sales volume of products on a tonnage basis showed
a
3.6% decrease as compared with 1942.
'
; .
;
Earnings during the year, covering all the company's varied opera¬
tions, totaled $17,431,372, Mr. Holmes reported.
This is equivalent
to $2.91 per share on the capital stock of the company.
The earnings
have
' '
,
.h$
branches——
improvements,,, inch
Government
Inventories
Company's sales during the fiscal year ending Oct. 30, 1943, reached
all-time peak of $1,490,016,635, John Holmes, President, announced
20 in his annual report to shareholders.
The 1943 gross sales
could
"
Oct. 31, '42
Sundry assets-—Ii—-—. 7,157,785.
Due from subsidiaries, not consolidated (curr.)
;
$543,149
an
we
$1.80
tConsisting1 of $7,636,255 loss on-'saie bf
& Libby; $959,947 provision for amount
11,462,550
S.
Deferred
Dec.
we
5,921,761.
..
21,312,991
••
"Naturally,
$3.01'
-.
^
.
Comparative Consolidated Balance Sheet
estate,
from
-!;'.Twm^Ute''dasi&iiectric,:(CD.—Earqi
Period End; Nov.vaO— ^;^.1943ir-Month^-1942."; .1943—12 Mos.-ri1942
preparing riiany of these farm products,* in speeding them to ..m#rketsK,
Dperatingiprev^nues^—r <•,
$22.6,73.74. $241,68.7. - $2,668,439Xv $2,812,^67
at home and abroad, and in providing adargei share of the food; that
'Operating expenses;—*;
15.1,410.>■>!?;• 165,933; ^1,^781,118
1,924,144
"has been termed 'the mightiest single weapon>of war'."
...
,
;
t-Taxes..<i otherthan .i
evtv;,j
•>'/=,
In meeting the wartime demands for food, the meatkindustry was
"come tax;_il—w 18,433x>r
17,878
io.,252,810 :
266,821
fortunate in
that the products it produces, for war are much ; the
same
as
those
prepared
for peacetime--consumption, ,.Mr.-; Holmes
•, Net. .oper„
income;™ v -.it $56,894, $57,878 ... $634,511
$621,902
pointed out. There are, however, many new items which Swift & Co.
Nonr.oper. ■. inc.-",(net) J— a*,.
39r ' r- :Dr53 - wXi r.-v 523".." iV-rDr843
-is processing to meet special war needs. .These include: Special bone¬
-
.
.
,
beef
cuts,
of
dehydrated beef and pork, industrial soap used in the
synthetic rubber, and tushonka, a-canned-pork'speci¬
"We
have reason
meat and other foods
will be even greater after the
war than before the war.
Men and
women
everywhere are realizing the value of proper nutrition for
health and strength.
"While the future is not clear, it in no way obscures our-objec¬
tives.
We shall strive to make the greatest possible contribution to
private
:.:..v;
additional-shares
which
7,105,020
;■
securities-™—. 35,051,443
Accounts and notes receivable (less reserve)—
64,544,509
U.
—V.
31,
under
5,921,761
•■After reserve-for. depreciation of. $106,501,014 in 1942 and $111,031,^-
manufacture
sales
5,922,768
Cash
company,
period of years the trend of the company's sales under private
labels has been downward.
During the three fiscal years ended May
a
1943,
5,922,196
>
■
Assets—
'
.
less
Over
■'
*Real
■
.
successor
1929
8,882,952
17,808,725
8,882,150
Investments
all or any part of the
stock of Taggart Corp. at the price of $5
per share.
The offer will expire at 3 p. m. on Dec. 31, 1943.
.-■*
As at Dec. 13, 1943, St. Regis Paper Co.- owned1 approximately 61%
of the common stock of Taggart Corp., and it-is understood that, the
company has further commitments from private holders to sell, which
will bring its holdings to over two-thirds of the outstanding stock. /X; ,
The Taggart Corp. is a licensee of St. Regis under the Bates valve
bag patents, and manufactures types of multi-wall bags similar to those
of St. Regis.
"
"'X
':.7
\
Sales of Taggart Corp.
for the first ■ nine months, of -this year
amounted to approximately $8,700,000, as compared with $8,400,000
in the comparable period of last year.—V. 155, p. 1419.
,
'
■
fication
944,706
11,183,484
8,883,286
$25)
Regis Paper Co. has offered to purchase
stantial
,
$7,149,667
Oct. 30, '43
•
Discounts
16,972,721
,
capital'
of
■'
outstanding shares of common
during
357,014-
12,128,190
payable to employees under Wage'and Hour Act; $833,848 premium and
unamortized expense "on funded debt-retired during year, less $2,280,383reduction
in provision ; for, Federal - income: taxes arising
from theses
-charges.. /tReserve for balance of accrued processing tax- restored upon
settlement-, (not subject to income
taxes).
-(Includes Federal normal
and surtaxes,: $8,083,408; excess profits taxes (less post-war credit* of
; :
$1,921,250), $17,291,250; other income taxes, $2,326,035.
^
010
Swift & Co.—Annual
3,010,164
11,771,176
; 24,958,392
■46,972,721
17,431,372
,
,.%• •'Other than income taxes.
investment in Libby, McNeill
Taggart Corp.—Offer to Common Stockholders—
,
1,413,678;
/
16,644,006
16,972,721
17,521,622
" 90,250
.
Earnings, per shr.
\VtX:V V-
of; the: Stokes
Secretary
..
16,195,018
-
.
$8,314,386
profits-
stock (par
■
,
,
—
Balance
Shares
"■
,17,521,622
Dividends
2368.vx/v' 7 rXXX-Kv
p.
credits
Total
.
.XX;
/
Amount
E. H. Rollins & Sons, Inc. $300,000
Hemphill, NOyes & Co.— 250,000
The Wisconsin Co.—— 250,000
Kebbon, McCormick & Co. : 200,000
Stroud & Co., Inc.-—---. 200,000
Co.__—_300,000
M. Marks, & Co.
300,000
158,
X
X, '■
-
154,731
26,452,984
.
dividend
Name—
448,700
Special charges--
(Joseph) Stokes Rubber Co.—Personnel Changes—
election of Walter; E. Harvey as Vice-President ;was announced
on
Dec, 21. He is also a Vice-President of-'the .Thermoid Co,,-which
recently acquired the Stokes firm. R. H. Temple, Secretary-Treasurer
shares
sales™—$43,590,614 $42,113,686 $21,610,233 $20,733,988
of sales
37,208,698
33,733,490
17,859,421
17,300,315'
Other
7
Amount
1,133,820
.530,195
7,971,687
1.257,222
732,933
Net. profit-
3,192,448
1,378,574
26,279.708
§27,700,693
Special
The
exchangeable
of Consolidated Earnings Statement
3i—
—v.
15,063 shares of Common
in connection with the exchange offer regarding
of control of Stokely Foods, Inc.
Summki-y
Cost
incor¬
the company
acquisiton
Net
of
of 5%
cumulative prior preference stock outstanding
1943, include scrip exchangeable for 23 shares.
The shares of
shares.
5%'
stock
articles
shares
15,
common
for
its
■'//■'
;
1,810,590
-
.13,002,570
24,901,134
•
44,837,658
.
chargescharges—.
•'
preference stock
cumulative
Blyth & Co., Inc.——
$750,000
Reynolds & Co
750,000
Goldman, Sachs & Co.—
350,000
Union Securities Corp.—X 350,000
St.
——1,000,000 shs. 1682,333 shs.
previously
company
56,000 shs.
,.
prior
$1.50
of
Name—
500,000 shs. $259,632 shs.
exchange pursuant to the plan of reorganization dated
1941, and cancelled and is not subject to reissue, or if
surrendered
was
redeemed on April 1,
1943.
Company will not
of
follows:
as
cumulative
shares
four
each
,
46,403,948
Prov.. for inc. tax
Other
of the company
preferred stock of.
Stokely Foods, Inc., and one share of common stock of the company
for one share of common stock of Stokely Foods, Inc.
As at Nov. 15,
1943, the company held 166,449.6 shares, or approximately 98% of the
170,000 shares of preferred stock of Stokely-Foods, Inc.r outstanding,
and 510,987 shares, or approximately 97%- of the 525,000-shares of
common
stock of Stokely Foods,
Inc., outstanding. >This exchange
offer expires on Dec. 23, 1943, unless further extended by the company.
Underwriters—Tha name
of
each underwriter and the principal
amount of debentures which each has severally agreed to purchase, are
5%
of
shares
for
1,680,244
income-
Interest
45,454
i——■
($20 par)-./.———
par)
the convertible
rendered
as
($1
$4,000,000
80,000
payable June,
prior pref.
$4,000,000
1952
•'Non-convertible pfd. stock ($25 pari
^Convertible pfd. ($25 par)
—_
Total
.
five
income
Other
domestic subsidiaries,
Frosted Foods Corp.
Such farms, lands, buildings, machinery 'and equipment so transferred
had a net depreciated book value as at May 31, 1943 (after deducting
a
mortgage in the principal amount of $80,000, subject to which one
plant was transferred) of $3,795,452.
The other assets transferred to
Stokely Foods, Inc., by the company were
(i) advances to growers
arising from sales of plants and seeds
(net of credit balances but
without deduction of any reserve for bad debts) amounting to $457,457;
(ii)
farm inventories of cattle, feed,. investment in. cost of
growing crops, investments applicable to current season's packs, all
at cost to the company,
amounting to $455,151, and (iii) 1,578,050
pounds of frozen beef stored in warehouses at Indianapolis, Ind„
value at the applicable ceiling price of 18%c. per pound, amounting
to $291,939.
The total value of the property so transferred, as carried
on the books of the company
and its subsidiaries as at May 31, 1943,
amounted to $5,000,000.
On Aug. 6, 1943,. the date of closing of .title
to the properties transferred, Stokely Foods, Inc., had net assets con"sisting entirely of cash in the amount of $1,237,012.
<„7.v
The company received, in- exchange for the transfer to
Stokely
Foods, Inc., of the above properties, 136,000 shares of $1.50 cumulative
dividend preferred stock ($1 par) and 420,000 shares of common stock
(50c. par) of Stokely Foods, Inc.
Up to Nov. 15, 1943, the company
had
acquired an additional 30,449.6 shares of preferred stock of
Stokely Foods, Inc., and - 90,987 shares of common stock of Stokely,
Foods, Inc., pursuant to an exchange offer to stockholders of Stokely
Foods, Inc., under which shares of the company's 5% cumulative prior
preference stock and common stock were exchangeable on the basis of
.
Authorized Outstanding
15-year 3%%
pursuant to which the company trans¬
of June 1, 1943, all its farms, lands,
as
43,027,068
Reserve
.
—_
(giving effect
Funded Debt and Capitalization
Inc.,
and, before their dissolution, by its wholly owned
Santa Cruz Fruit Packing Co. and Honor Brand
Laurence
800,000
Foods,
Stokely Foods, Inc.,
to
buildings, machinery and equipment and certain other assets relating
to the manufacturing operations formerly conducted by. the company,
Estabrook
inventory, and general corporate purposes of the com¬
pany
ferred
are
XX
company
(3)
100V2%
prior
each dollar of taxable value
on
..
Purpose—The net proceeds to be received by the
sale
interest
and
Reimbursement for any .Pennsylvania personal property tax
Stokely
to
name
Oper.
alty for Russia.
Discussing
future prospects of the industry,
to believe that the demand ^for
/-.«*
Mr. Holmes said:
;
$56,933
21,199
income—*———
Int.-oand other .deducts.»
v
Gross
Federal
Net
,
$57,823
,
„
$635,034
—-——
20,627
-258,395
13,200
16,900
$20,296
$238,139
14,320
14,320
171,850
$621,059
:
.
138,500
$22,534
income /tax— >,
income
.
,
293,181
*
114,300
.
$213,578
Pfd.
divi;requirements:.1.,..
prior li6n—;_
5% preferred^!—-;—;
—V. 158, pX'2368.
7%
«.
.
6,469
«,
4-x
6,469
,
•77,625
,171,850
•
,.
.
;
77,625
•
Volume
Thompson-Starrett Co., Inc.—New Directors—
•
Martin
erick
L.
M.
of
Peyser
229(5.
p.
...
/
,.((
New
York
.
'■
.
have
named
been
plant at
4
:.
;■
'
Naugatuck,
at Institute, W. Va.,
and a 30,000-
90,000-ton plant
the
Conn.,
Walworth Co.—Financial
largest in the country under operation by one company,
and Fred¬
directors.—V. 158,
Inc., Chicago,
President of Eversharp,
Straus,
ton
unit
tons
at
Los
of
the
capital
resultant
The
,
on
Jan.
stock- from
fied
by letter than
the company will not be
the
plan
in
Mr. Smith stated.—V.
158,
p.
Preferred
$3,000,000
trustees
$6,000,000
have
it the
"
1
1
'
.
elected
the
of
500,000
479.
p.
United Air Lines, Inc.—New
Name—,
of
The
stockholders
Dec.
on
22
,*■
•
approved
."V"
V- '
after
Gross
/
of
-
"
-
Expansion—
The corporation on Dee.
;
m-(-
to
add
-
.
to
•
nation-wide
system
-
22
;
.
profit
and
Prov.
Milwaukee
to
-
Des' Moines;
Moline
and
.the
new
a
addition
four
new
file
net
Total
subs.
*
$4,018,261
and
and*
138,951
special offering on the New York Curb Exchange of 5,000 shares of common stock (par $25) was made Dec. 22
by J. & W. Seligman & Co., at 68%, with a special com¬
157,
p.
Manufacturers, Inc.—-Listing of
60,00.0 Shares 5% Cumulative Preferred Stock--- • ;
«..■
The. New ■ York
Stock Exchangehas - authorized
the J listing
of
United Merchants
60,000 shares-of:5%
are
issued
cumulative preferred stock- ($100 par),- all of which
and outstanding.—V,
158,
p.
■
ordinary
The three synthetic rubber plants operated., by. this, company are
complete and producing at 90 %of rated capacity, according to
Herbert.,E. Smith, President.
:«
<v
»•
■
.
,
.
,
The
company's
synthetic
rubber
plants
consist, of
a
30,000-ton
Cash Dividend—
cash
a
Dr5,198
Cr6,808
Z>rll,604
J Cr7,628
■
.
Cr24,162
Cr26,5B0
Cr27,032
Co.—Earnings—
earned
/
1943
$915,961
280,744
228,624
.v
of
247,421
;
■;*
■/
to
and
.84,505
:
86,487
,/
(3)
y
25,100
27,881
9,073
10,075
5,004
3,095
2,000
15,000
9,461
4,930,542
4,860,882
1,570,686
9,408,094
•Z)r9,846
11,585,501
633,000
3,702,000
4,128,000
5,696,248
7,457,501
.
:7$538,871
S
154
264,000
■'''■■
■
937,686
405,034
Modified
Postal Securityholders—.
for
and
Corp,
failed
Postal
convert
to
of $1 per Share
every 12V2 shares
holders of record
3.
Cash payments of 50 cents each were made on March 1 and.
1, 1943, and on June 8 and Sept. 21, 1942.
fractional shares will be issued. in respect of above 8%
stock
Dec.
on
dividend
of
declared
17
share
one
stock
held,
of
cash
a
dividend
stock for
common
payable
both
No
share.
Jan.
to
25
'
New Director—
,
$282,617
$452,199
$341,225
,/
the
D.
il: 303,450
7
56,100
;
56,100
374,000
374,000
,
The
",374,000
Nil
$0.10
$0.40
share,;'
including
158,
p.
to
other
respectively.
charges
These
thi| subsidiary during the year were $49.3.12.
.:
.
.
.
•
are
now
share,
will
be
terly dividends
accrue
on
that ordinary ypting rights of preferred,
with, common-stock
basis of one vote per
on
that the right to .elect a majority of board
upon a default equivalent to four full quar¬
be
instead of six full quarterly dividends as
preferred
that
required
1579.
rights of preferred remain unchanged.—V. 158, p.
Consolidated Balance Sheet, Oct. 31, 1943
/
;
v
to hold a special meeting of stock¬
amendments to articles of
preferred stock has been
approval of two-thirds of outstanding preferred
for creation or authorization of any class of stock
ranking prior to preferred or creatiqn of a security convertible Into
such class instead of 'a majority vote as now required.
Other voting
provided;
stock
■
shared
eliminated;
shall
directors
now
equity-in net "income of the Canadian ! subsidiary included
amounts to $62,867 after adding the exchange profit.
The divi¬
Corp.—Voting Rights—
by the SEC.
amendments provide
which
of
:
to approve various
respecting voting, rights. of
1944,
22,
incorporation
'Cf- '•
"
-
approved
accounts,
expense
Jan.
'
& Lunt, Buffalo. N. Y., members of
has been elected a director, succeeding
2298:
y v-/
proposal of the corporation
holders
proViSiohs for depreciation for. the years-fended'Oct.
$436,926 -and $432,060,
Hamlin
Exchange,
Wisconsin Public Service
374,000
$0.63
of
Stock
Terry,—V.
301,714
301,700.
301,700
/ :
Lunt,
York
New
Charles-G.
'
,
•
'
dividend, but in lieu thereof cash will be paid at the rate of $14 per
43,433
•
14,349
in-, cash
'
.
7,000
V
'
The-
dends from
484,711
668,880
'
•
.
company,
directors
a
Jan.
.263,500
21,077
.
:
237,217
The provisions for Federal, Canadian and State
-herein
16,446,383
surplus.
who
common
June
200,315
21,495
'
income taxes of
subsidiaries include provisions for Federal and Canadian excess profits
taxes amounting to $206,574 and $111,368 for the years ended Oct. 31,
1943 and 1942, respectively.
r."
/
V
(2)
14,338,636
Wickwire Spencer Steel Co.—Stock Dividend, Etc.—
Th
$729,188
$687,338
7 7 96,120 ;
199,198
'
stock_____.v'
1942,
2,055,457
associated companies for securities of the
Telegraph, Inc., so holders of the old
them may exchange them for those
Western Union Telegraph Co., which recently acquired the assets
Postal Telegraph, Inc.—V. 158, p. 2089.
of
$809,253
$880,504
stock___^_^r
and
639,659
1,193,900
Judge Alfred C. Coxe has modified a court order of Jan. 5,
which provided for the exchange of securities of Postal Tele¬
securities
$976,608
,$1.089,997
/
par)
-
595,869
Federal
1940,
stock-
.'.'--Notes—fl); The1
28,621
inc.^.
Order
reorganized
252,297
1943—10 Mos.-~ 1942
13,742,767
transfer.
income
Court
of
$1,136,801
4%, payable
'
to
Cr3,492
;
of
158, p. 2298.
372,775
426,324
718,753
805,610
dividend
14.—V.
$
inc.—
current
from ^net
stock
Assets—Cash
banks
in
marketable securi¬
ties, $542,579;. accounts and notes receivable, net, $407,743; inventories
of
feed, bedding and' supplies, etc.,' $496,367; miscellaneous invest¬
ments; ,non-<current receivable, etc., less reserves, $136,729; property,
plant and equipment, including real estate not used in stockyards
operations, net, $16,286,731; prepaid expenses, etc., $151,902; bond dis¬
count and expense, etc., in process of amortization, $202,941; organiza¬
tion
and
financing expenses, not being amortized, $178,297; total,
and
Wright-IIargreaves Mines, Ltd,—Earnings—
$1,062,773;
hand,
on
$19,466,062.
Liabilities—Accounts
payable, $277,473; dividends payable, $64,587;
salaries, wages, interest, etc., $122,501; accrued taxes, other
Federal/ Canadian and State income taxes, $259,296; provision
for Federal, Canadian and State income taxes, subject to final deter¬
Year End.
Aug. 31—
Production ■....-..u.,..
Operating
1940
$8,729,477
3,082,640
$5,558,472
105,213
1,685,000
$5,646,837
174,080
1,285,000
$3,768,257
$4,187,759
49,551
47,162
$2,691,177 v$3,83,7.810
1,928,290
$4,234,919
105,685
1,135,000
$1,987,383
$2,642,160
52,508
49,017
___________
_/
Balance
1941
$8,576,063
$3,882,783
105,623
865,000
$2,858,068
Operating profitDepreciation
Tax provision
Other
3,017,591
1942
$6,259,434
2,376,651
1943
$4,886,358
costs___
income
n
.than
.
mination
tax
by taxing authorities
series,
deposits
to
for
be
iii
applied
redemption
„Oct.,_ 31,
equity of
ferred
first
$75,000;
1944,
minority "interests
stock
(440,000
no
in
thereof),
mortgage
of
$7,147,000;
indebtedness,
companies, 7$4,134,102; pre¬
common .stock ($1
$4,652,500;
paid-in.surplus (less cash dividends paid in prior years
surplus, $333,686; preferred stock held
shares at cost), 0r$43,000; total, $19,466,062/
—V. 158, p, 1864..'
•
-V
/'
of
$60,359),: $1,692,886;: earned
by.
:
subsidiary
$2,039,891
profit
Balance
$376,031;
bonds
long-term
subsidiary
shares),
par
notes,
sinking fund
subsidiaries due
Net
S. Treasury
of U.
(less $411,000
payment
of
par), $374,000;
,
'
(4,000
,
Assets—Cash
on
Sheet,
See
Delaware,
Lackawanna' & Western RR.—V. 119,
p.
Virginia: Electric
Period Ended Oct;
.
Operating
31^--
& Power
tracts,
$4,644;
accrued
$332; advances re Government war con¬
interest, $20,066; solutions in mill, $30,754;
employees' subscriptions re Victory Loan, $10,161; investments, $2,011,264;
deferred materials
and
supplies on hand, $448,724;. deferred
charges, $32,857;
(provision for
prepaid
equipment
mining properties, $1,000,000; plant and.
depreciation, $2,916,140), $604,281; total,
$7,789,180.
$2,827,355
7
Maintenance.
$2,638,273
1,094,566
928,902
1943—12 Mos.—1942
$33,060,289 $28,691,219
10,282,366
11,989,068
195,343
188,992
2,354,115
226,935
2,817,520
556,600
7,098,164
5,363,400
221,665
203,252
2,636,889
2,368,198
$509",132
$533,591
$6,164,532
$5,752,953
2,480
28,841
14,198
197,624
$511,612
$504,749
$6,178,731
$5,555,329
O the rtaxes
.
.-'.'Net ;bper; revenues-/Other income, net
-■-/
Wolverine Brewing
571,666
>
income-,.-taxes :-
Federal
'L,,,
v:
.
(less
$412,500;
surplus, $4,553,415; total, $7,789,180,—V.
234,982
-
Depreciation
2,245,033
2,679.,266
'
■
Interest
and
Balance
months
mated
amortiz.__
157,370
150,715
1,901,987
1,814,105
—-i——$354,242
$354,034
$4,276,743
Dec. 22 granted the application of the Detroit Stock Ex¬
strike from listing and registration the common stock ($1
the company.
The application stated, among other things,
that the Michigan Corporation- and Securities Commission revoked its
order accepting for filing in Michigan the common stock of Wolverine
Brewing Co.; that a receiver for the company has been appointed by
the Circuit; Court for the County of Wayne in Chancery to liquidate
the company's assets; that one of the requirements for listing securi¬
ties on the Detroit Stock Exchange is that such securities shall be
SEC
on
change to
of
par)
for filing by the Michigan Corporation and Securities Com¬
and''that the Exchange has suspended trade in the common
the company;
The order becomes effective at the close of
trading® session on Dec. 30, 1943.
accepted
1,171,602
$2,569,621
the
1,171,602
$3,1051141
stock
*$3,741,223
dividend
Note—The
provision
The
1944,
for
-
...
•
requirements—
stock
common
amounts
shown
estimated
and
surplus-
above
excess
for
profits
Federal
taxes
of
income
taxes
$5,689,812
for
include
the
12
ended Oct. 31,.r 1943. (1942—$3,753,200) after deducting esti¬
post-war credit of $609,618 <1942—$385,689).—V. 158, p. 2397.
,
corporation
on
the
first
the- corporation
principal,
to
158, p. 1944.
Co.—Delisting—Dissolution—
mission;
,L__
/Balance
of
accrued items, $84,373; reserve for
payments on account), $533,892; dividend payable Oct. 1,
capital stock
(5,500,000 shares, no par), $2,205,000;
taxes
Co.—Earnings—
1943—Month—1942
,.
revenues ___/
Operation
,
$3,332,874; bullion in transit,
$293,223; accounts receivable,
1943,
1735.
Aug. 31, 1943;
with banks,
hand and
Liabilities—Accounts payable and
Valley RR.—D. L. & W. Offers $79 Per Share for Stock
;
Plants—
now
158, p. 2519.
2,026,836
income-
of
York
John S.
Corp.—New Director—Initial Dividend—
McMartin,
elected
been
The
a
being at
bondholders
of
states
that
mortgage
will
the
be
rate
record
semi-annual
4V2%
in
of
Dec.
an
4%
Income
interest
lien
per
16.—V.
payable
certificates
amount
have
155,
p.
162.
Vice-President of Selected Industries, Inc., has
of
the
York Corp.
payment of an
authorized
initial dividend of 15
payable on Jan, 4 to stockholders of record Dec.
This is the first dividend to be paid by the company in 12 years.
cents
per
share,
to consider future dividends at
December meetings and to file an application to
the New York Stock Exchange^—V. 158, p. 2367.
was
also
agreed
Youngstown
Jan. 1,
1951
of
Emsco
Sheet
p.
&
2298.
Derrick
Tube
Sheet & Tube
20.
It
both the June and
list York's stock on
Co.—Acquisition—
Supply Co., a subsidiary, has acquired 88,000 shares
& Equipment Co. capital stock.
The Youngstown
Co., itself, owns 49.5%
of Emsco's stock.—V. 158,
The Continental
due
equivalent to 2% of the
annum, and will be payable
a
director
directors
Wall & Beaver Street Corp.—Interest Payment—
„
1943/ has
59,598
,
Deduct,
1943.
United States Rubber Co—Completes
11,
Dec.
525,020
:
,
Extradr.
22,500
20,625
.—'•
106,542
common
&
,
-.
#•/,,
Net
rrlii-
Balance ,for
,
first
1,134,302
ordinary inc,__
from
ordinary
Deduct
107,092
82,110
96,106
96,222
inc. Tax_
paid
Preferred
480.
dated
1943—Month—1942
income—non-com.
Net
outstanding /.($1
.
;k.United Shoe Machinery Corp.^ Special Offering—A
1943.—V.
declared
14
income
1
...Earns.-, per .com.
"
.
Dec.
of
revenues
oper.
Ord.
$1,570,089
$1,411,632
$1,885,892
$2,027,513
6^f! debentures ■^he>iJbly'---ir--1953,i''i;ofi-'UnitM T5as
all assumed by United.—V. 158, p." 1677.'' : /
mission of $1 a share—V.
rev.
Gross
cost.sr__:
Fed.
Shares of
$293,772'irt^ cash, $122,850 accrued- interest receiv¬
$4,585,000- of 20-year''6%'"goid' debentiireS- due March- T, T95'2i
$3,850,000 of
proxy
15,806,724
103,588
charge$i3//i/-r^'
Dividends
consist'of
Public Service Co.;
the
20-year
94,524,769
126,161
on'
income
V Preferred
$440,000; principal amount of Said-bonds are' owned by Electric Bond
and Share'Co:->'
v>.A
■■.!•-;•'■? V"?-;-;i
The only indebtedness "of 4 Houston'Gas" other - than" the -said bopds
Consists bf>current liabilities'which ?at Oct.%31;-1943/.totaled $162,979.
able
in
its
10,099,721 115,470,499
187,372
int.
exp. amort.
inc. taxes, etc.
.Common
>
of
13,621,289
Net
,
assets
letter
by
stockholders of record Dec.
to
Samuel
.
set forth
(Iowa)—Offer for Stock—
Corp.,
expire on Dec. 31,
directors
Oper,
years'
/A? Net. income
-
joint-declaration has been filed -with 'the ?SEC pursuant- to the
Public Utility .Holding Company? Act of .1935 by United Gas Corp. and
Douston Gas Securities Co. ?regarding"ithe following transactions:v < -•
*:-.United' •(subsidiary Of' Electric Power - & Light Corp., ' which in <• turn
is a ;subsidiary of Electric Bond and Share Co.), proposes to acquire
by merger all. of the assets of Houstpn Gas Securities .Co. ("Houston
Gas'.'i alj of whose capital-stock is owned by. United, and to,-assume
.fill of the obligations of - Houston Gas,>. including . its 5% collateral
trust gold
bonds due March 1, 1952, of which $3,900,000 are out¬
standing.
United will enter into an agreement with Houston Gas and
the Chase National .Bank., New York, trustee under the collateral /trust
indenture .underlying
said
bonds,
providing fo'iT.Vsuch
assumption.
the plan
out
including the retiring of either its 6%
deductions-^
2,587,122
$1,431,139
-
oper.
for
Special
-A
Its
con¬
12,126,557 129,213,266 110,331,493
2,815,250
/'■ Bds. .'dis. &
;
,
our
would
14,755,591
$1,308,044
bonds of United1
on
before
.
it
5%
revenues
3,598,601
.110,286
/
..
of
Operating
accrued
Corp.-^Proposed Acquisition—
to
22
$1,759,731
Stq cky a r d s; ^Cpf p. - - --
;.t;-/'-5'
United Gas
'
.
$4,123,294
yards Corp. in total
Int.
\/
2518.
carry
1943,
Period End Oct. 31—
of
flew 1,125,753
p.
$5,358,331
net- income dfj-subs/
mail ton-miles last month as compared with
1,040,310 in October,1 an increase of 8%'. ' The November figure repre¬
sents a gain of 55% over the corresponding month/of 1942../'Express
ton-miles increased 7% over last month and 8% over November, 1942.
158,
16,
Western Union Telegraph
811,263
426,075
■
>
again air mail loads carried by /United Air Lines have hit an
high, Recording to-estimated figures for November operations
released on Dec. 17 by C. P. Graddick, the corporation's director of
v.
437,050
Equity of Unit. Stock-
//
Once
United
is
Dec.
adjust.
Equity of minor,
all-time
air cargo.
issue
to
The
831,597
//i holders''*; therein ■■■f-lLL'
additional- population
High Air. Mail; Loads—'4
markets,
opinion
proposed
purchase all of the issued and outstanding shares of com¬
mon
stock, paf value $20, of Western Grocer Co. at $17.50 per share,
subject to the terms and conditions specified in said letter.
The
1940
$2,780,922
1942
1941'
$3,771,764- $2,854,647
>
•
:
of 14,360,250.
At present the
approximately 6,000 miles and serving a popu¬
lation of 31.650,000.••
'•
'5v;:;;;;-■ ■>.
The new cities to be served by the company are Gary and Elkhart,
Ind.;-Sandusky, Lorain; Elyria and Ashtabula,, Ohio;/Erie, Bradford,
Scranton
and
Wilkes-Barre#. Pa:;
Jamestown,
Elmira,
Binghamton,
Endicott, Buffalo and Rochester,; N/ Y.;'Milwaukee, Wis.f Rockford,.
HI.; Dubuque and Waterloo, Iowd; Ottawa, Ont., and Montreal, Que.
New
offered
assets of Canadian '
'company; is operating
\
Oct.
Western Ry. of Alabama—4%
»549,716
.
•
the
on
position to
a
Warner-Kenny
Sprague
.
-'stops
in
dated
graph & Cable
route between New York and Chicago;" Vv "*v"
Patterson, ■ President, stated that/the applications now on
with the CAB,- if granted; would add'5.306 route- 'miles which
an
be
Western Grocer Co.
Special charge_-*li
A.
would1 seiwe
an
634,931
inc.- taxes-
Adjust, of prior
income/ net
-
"route from Toledo throligh
of
stockholders,
1943.
$1,840,141
subsidiaries
company's present
W,
19,
On
increase
Nov.
on
20,
$5,651,662
income
exch.
for
'/ on
intermediate ; cities'-of ^ Pennsylvania; and>. New> York
new route from Chicago through intermediate
cities?
to
Aug.
Fed., Canadian
through
and'Iowa
record
l,d67,431 '. ,1,036,852
etc..._-—
State
and
amounted
York;. a
of
preferred
stock-contract'/"
leased
.
31;
New.
sales
on
of settlement
Prov. for
t; The .latest, applications' seek -R new .route from -Cleveland to Ottawa
via
intermediate cities;
a
new
route ? from Cleveland
Illinois'
181
common
$3,949,300
'*
bedding_
bef.
notes,
and-Montreai
of
their
in
the
stock or the excess above $2,000,000
mortgage 4% bonds."—-V: 158, p. 2397.
"
:
1943
inc., net_ V
income
Amort,
approved,' "off icialsr said, they'- will provide "the "first direct," one-'
carrier" sendM between 'many of' the cities -named.
* H
* vU -t-u\rt- • u -V.-
to
financial
the
in
that
time
this
not
Ye&rs Ended Oct. 81 (Inch Subsidiaries)
paid inc. taxes, etc.
paid; on bonds
,
if
.various
at
preferred
Interest
!
'v v.-'-
more
of
1943.
corporation's
weighing/
operating
Net
6 applied to the,Civil Aeronautics Board for
its-
the
Other; income______.__
cities • and
api)roximately 2,050 miles. of new routes in the East and Midwest, as;
well as, Eastern Canada/- 'The applications are in - addition to others
filed, recently.:,by- the .company-;,to tbroaden.service, in the East and
Middle West;1 *"v:•;
v?;
■<■'.'' i'"permission
sell
us
preferred stock which was authorized by the stockholders at
special meeting of Nov. 22, 1943.
In consequence, the company
3,811,521
Net
'
\
to
prevailing
advised
$
taxes -over the next
;.v-
now
have
will
Common Stock¬
since
corporation
164,194
were
20,
of
yard
Canadian
,•
a
vertible
decrease
a
.
Prov.
Plans Further
•
May
feed &
Other
\:/
2518.'
there
1943,
•
since
number
Yardage &
.
few^years because, of the expanded-capital base, he-declared.—-V/158,"
p.
bankers
impracticable
are being noti¬
position to carry out
16, 1943.
The
company
In
,
conditions
statement
this
of
164,013,
Consolidated Earnings,
expansion.-The7corporation
the
in-calculating excess profits
683.
Sub. Oper. Companies:
,
for;common' stockholders
stockholders
Operating income:1
-
vwouldibenefit' greatly
be
offer
to" raise" $10,000,000 for- post-war development
(«nd expansion and approved a change in name to United Air Lines,' Inc.'
The stockholders also authorized 200,000 shares of $100 par pre¬
ferred stock, issuable in series; 100,000 shares of management stock,
■which may be issued without prior offering to the common stockhold¬
ers; raised the par value of the common stock from $5 to $10 a share,
"and increased the authorized issue from 2,000,000 to 2,500,000 shares.
An; initial series of -105,032 shares of cumulative preferred
stock,
convertible into common stock within 10 years at the rate of one com,mon share for each $30; par.-value of preferred, is to be offered to
.common: stockholders in the ratio of seven preferred shares for each
100 common shares owned.
';•••. ...
•
%
This offering, has been underwritten by a nation-wide group headed
by Harriman ■ Ripley & Co,,
Other .'firms , included the^.following,
according to an amendment to the registration statement filed on
Dec. 22 with the SEC:
7
/<.«.
•'vV:tv fh
- :'/.:Blyth, <fc Co;, Inc.; Hornblower & Weeks; Smith, Barney & Co.; Leh¬
man
Brothers; Merrill Lynch, Pierce, Fenner & Beane; Drexel & Co.;
Paine, Webber, Jackson & Curtis; Dean Witter & Co.; A. G. Becker &
.Co., Inc.; Dominick & Dominick; Glore/ Forgan & Co.; Lee Higginson
,Corp;;<■ Kebbon, McCormick & Co,;'Bacon; Whipple & Co.; Boettcher
Co.; Bosworth, Chanute, Loughridge
Co.; Ferris & Hardgrove; Hayden, Miller & Co.; McDonald-Coolidge & Co.; Pacific Company of
.California; Whiting, Weeks & Stubbs, Inc.; Schwabacher & Co.; E. Wr
Clark & Co.; "Farwell, Chapman <fc Co.; Folger, Nolan & Co., -Inc.;v
'Graham,- Parsons & Co.; The Illinois Company..,of Chicago; Mitchum,
-Tully & Co;; Hemphill; Feutoh & Campbell, Inc.;- J. A. Hogle & Co.;
Kirkpatrick-Pettis Co., and Kunn; Loeb & -Co.'•* ••;
j. \V
A total of 976,022 .common'-.shares out of 1,500,451 outstanding was
represented at the meeting.
</•>'/•
'i An- officer-of
the company said he expected the registration state-■
ment for-: the preferred' stock would/become ef fective Von Dec. 29 and
That
warrants
would'- be mailed immediately thereafter to common
stockholders; giving them- a:< 10-day period in which they could - sub¬
scribe to the new preferred shares.i; The unsubscribed shares will be
offered publicly. :byjthe underwriting,.group about .Jan.. 10, 1944.
>
-/.
Replying- to a *'question,- 1 W.A/Patterson, President, said the ad-'
ditionah capital was needed-'for 'expattssldfl^iHe -teaidi'tilsov that-' it'
•would- not;be difficult to earn, the $450,000 needed to cover aftnual divi¬
dends on the new 4% %
preferred- stock ahd still' have ; art'- adequate
..sum
has been
the
statement dated Oct.
proxy
United Stockyards Corp.—Annual Report—
;r
will permit the company
-
111.,
Chicago,
& Gossett,
stockholders of record
Oct. 29, 1943, totaled 72,853, an increase of 659 since July 30, 1943.
On July 30, 1943,- there were 72,194 preferred stockholders, an increase
of 538 since April 30, 1943.—V. 158, p. 2519.
recapitalization plan which
a
20,
411
The
in Capi¬
United Air Lines Transport Corp.—Changes
talization, Etc., Approved—
•'
p. 2088.
158, ,p.
Bell
the
states:
to
investment
Slightly Lower—
numbered
Aug.
beiow.—V. 158,
Corp.y
President of
director.—V.
a
Common
"
United Air Lines Transport
Gossett,
holders
1943,
See
"Due
Corp.—New Director—
United States Steel Corp.—Number of
; v.;*.:1 v.'.."
^
Radiator
stockholders of
common
the
shares "of outstanding stock would be cut from
the present level of $12 a share'to'SG.
The condition statement of the
bank as of June 30 showed a surplus account of $444,502.—V.
157,
value
J.
Earl
•
Under
plan."
the
approved
to
and
States
par
$3,000,000,
surplus account. ;
to
already
transfer
asked to approve a reduction
and
set forth
notification
United
;
in
the
be
to
will
19
Program Cancelled Because
Markets—
1944,
Angeles,
Title Guarantee & Trust Co., N. Y.—-To Decrease Cap.
stockholders
Financial
of
Calif.
Their combined output of 150,000
man-made rubber is equal
to one-quarter of the country's
consumption of 600,000 tons of natural rubber for all pur¬
pre-war
..
poses,
The
2623
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4241
158
THE COMMERCIAL &
2624
State and
*
5
_
1943
Monday, December 27,
FINANCIAL CHRONICLE
City Department
BOND PROPOSALS AND NEGOTIATIONS
said
the
of
1, 1962.
bonds are to
Due Jan.
1940.
ALABAMA
present!
Florence, Ala.
them to the Commercial National
| Bank of Little Rock for payment,
reports that pursuant to the on and after Jan. 1, 1944. Interest
of the refunding ordinance will cease on and after call date.
Call—S. B.% Howard, City
Bond
Clerk,
terms
which said bonds were is¬
under
sued, certain bond numbers have
been drawn by lot by the Board
the city
will on Feb. 1, 1944, redeem and
retire
general refunding bonds,
series A, dated Feb. 1, 1937, due
Feb. 1, 1957, numbered 9, 11, 48,
70,' 74, 88, 96, 12-3, 134, and 135.
Holders of the bonds will present
them on the date named at the
First National Bank of Florence,
and
Commissioners,
of
where payment
(State of)
Wanted — Homer
Arkansas
for
payment at par and accrued
refunding bonds
dated
interest
Oct.
M.
interest bear¬
obligation bonds and
direct general obligations of the
United States, The amount avail¬
able for purchase is approximate¬
ly $1,000,000. All bonds will be
purchased with primary regard to
the best interest of the State's
of Arkansas
ing general
and
revenues.
Tenders must be a flat price. No
accrued interest will be paid on
credit
standing
.
obligations accepted and
the
the
of acceptance or rejection
of all or any part of the bonds so
tendered is reserved.
Immediate
confirmation will be made of ac¬
cepted tenders and payment will
be made on Jan. 17, 1944. Forms
to be used in submitting tenders
be obtained at the office
Investment Board.
of
State
the
The
State
Board
of
Education
approved
commercial bond issues of vari¬
ous school districts on Dec. 13, as
Approved
Bonds
—
follows:
Springs, $59,500 refund¬
Eureka
ing bonds dated Jan. 1, 1944,
3%%, maturing in 1974.
Satterfield Brothers & Co. is agent.
District, $89,000 re¬
Booneville
funding bonds dated Jan. 1, 1944,
3%, maturing from 1945 to 1963.
Southern Securities Company is
agent.
Rateliff
District
87,
Logan
refunding bonds
dated Jan. 1, 1944, "SVz^o, matur¬
ing in 1970. Mallory Williams &
County,
$31,500
Co. is
agent.
Blytheville District 5, $182,000
refunding
bonds, dated Dec. 1,
1943, 2%,.2\2%.,"4nd 2lk%, matur¬
ing from 19.45 104960. T. J. Raney
& Sons, agents.
Greenwood,^District 13, Sebas¬
tian
1,
date
cease
mature Jan. 1, 1956
to bear interest
to
called.
Mississippi County, Blytheville
Spec. Sch. Dist. No. 5, Ark.
Ark.
National Bank.
Rock, for payment on and
after Jan.
1, 1944.
Monroe County,
Clarendon Special
6, Ark.
School District No.
Bond
Special School District,
District
Call
—
D.
President,
W.
is
Pettigrew,
calling
for
.payment on Jan. 1, 1944, at.par
notice and accrued interest to that date,
that the
district is calling for bonds Nos. 5RB to 8RB, aggregat
payment on Jan. 1, 1944, $20,000 ing $2,000, and bonds Nos. 24RB,
refunding bonds
Nos. 3RB to 25RB,
and
26RB,
aggregating
37RB at par and accrued interest $1,500, at 103 and accrued interest
to Jan. 1, 1944. 'Holders of said
to Jan. 1, 1944.
Holders of said
bonds are notified to present the bonds are to present them to Com
bonds for payment on and after mercial National Bank of Little
Jan. 1, 1944, with all unmatured Rock for payment on and after
Jan. 1, 1944, with all unmatured
coupons attached at the Commer¬
cial National Bank of Little Rock. coupons attached.
Said bonds will cease to bear in¬
Newport Special School District,
terest on and after date called.
President,, has issued
Springs School District,
Eureka
Ark.
Bond
ing
Call—Bondholders are be¬
that the
notified
district is
for payment at par-and
accrued interest, on Jan. 1, 1944,
all refunding bonds issued by it
under date of Dec. 1, 1934, in¬
calling
■
1940, and being bonds Nos. 11 to
The bonds will cease to bear
on and after Jan. 1,1944.
The
bonds
must
with the Jan.
be
presented,
1, 1944, and subse¬
coupons attached,
to
Commercial
National
Bank
quent
Rock, for payment on
after date called.
Little
the
of
bond No.
and ac¬
1, 1944,
July 1, 1940, maturing Jan.
1,
1944,
and 3RB, for $1,000, at
crued
dated
interest
to
par
Jan.
.
—
the
to
dollar
Jan.
1,
and
1944.
103 cents
accrued
Dated
on
interest
Nov.
Ark.
El Dorado),
Call
Bond
calling
is
President,
District
Cawthon,
W.
H.
—
for
them with all unmatured coupons
attached
1,, tional
at
Bank
the
of
Commercial NaLittle
Rock,
on
Bonds
ondary offering of $450,000 bonds
was made for public subscription
composed of
Dec. 8 by a group
on
Harriman
The First Boston Corp.,
Ripley & Co., Inc., and Boettcher
& CO.
Near the close of business
amount
for the day only a nominal
The offer¬
of the bonds were left.
and
ing embraced a block of 2J/4
2% % securities, „due 1949-56, at
prices to yield 0.85 to 1.20%, and
a
block of 3s maturing 1963-68
provisions in the face of the bonds
and according to the terms of the
and optional
1955, which were
deed of trust securing them, and
priced to yield 1.30% to the call
the holders are advised that the
after
bonds shall draw no interest
The bonds must be pre¬
call date.
date.
1, Colo.
Pueblo Water District No.
Bond Call—Water works
sented, with the Jan. 1, 1944, and
all subsequent coupons attached,
to the First National Bank of El
and
Dorado, on and after Jan. 1, 1944.
due Jan.
bonds,
1928, optional on
after 15 years from date, and
dated
Jan.
2,
2, 1948, being Nos.
142 to
for $1,000 each, are called
for payment Jan. 2, 1944. Payable
at the office of the City Treasurer,
180,
CALIFORNIA
of)
(State
California
Bond Call—Charles G.
State
Johnson,
calling
is
Treasurer,
for
Pueblo,
First National
at the
or
Bank, New York City.
payment on Jan. 2, a block of
■$14,000 4%* India Basin bonds,
dated Jan. 2, 1911, in the denom¬
ination of $1,000 each, being num¬
CONNECTICUT
Darien, Conn.
Sale—The
Note
bers
$150,000
tax
46,
6,
if any, maturing sub¬
all coupons,
sequent to Jan. 2, 1944,
to the Treasurer of the
FLORIDA
attached,
State of
California, Sacramento, Calif., or,
at the option of the holder, at the
National City Bank of New York,
Kissimmee,
Call—J,
Bond
Fla.
C. Buckels, City
Manager, reports that the city has
called for payment on" March 1,
of the State of Cali¬ 1944, at the Chase National Bank,
fornia, in the City of New York, New York, all of its outstanding
on
or before Jan. 2,
1944. (This refunding bonds, series A, dated
notice
corrects
the
bond
call Sept. 1, 1936, and maturing Sept:
fiscal agent
appeared in v. 158, p. 2520.)
which
Continues Higher
—The cash excess in the general
Excess
Cash
of
1, 1967.
Pasco
City),
County (P. O. Dade
Fla.
,
California,
Bond Offering—Sealed bids will
trend, be received until 2 p.m. on Dec.
amounted
as of 29, by Walter C. Craig, Secretary
Nov. 30, the monthly report of of the Board of Public Instruction,
Harry B. Riley, State Controller, for the purchase of the following
Pope County, Russellville Special
showed.
The
surplus compared r e f u n ding, bonds aggregating
School District No. 14 (P. O.
with $103,141,460 on Oct, 30 and $107,500:
Russellville), Ark.
$59,494,379 on Nov. 30, 1942 It is $32,000 3lk% Board of Public In¬
Bond Call—Will D. Vance, Dis¬
exclusive of $25,000,000 that was
struction bonds. Denomination
trict Secretary, is calling for pay¬
appropriated from the general
$1,000. Due on Jan. 1 as fol¬
ment on Jan.
Dec.
gregating $1,500, at
School District No.
v
$72,000 refunding Logan County, Paris Special Sch.
1, 1964. Holder of said bond is
1, 1943, 3^2%,
District No. 7, Ark.
notified to present it for payment
maturing from 1950 to 1969. T.J.
Bond
Call—W.
L.
Cravens, on and after Jan.
1, 1944, with all
Raney & Sons, agents.
President of the Board of Direc¬
unmatured coupons attached, at
Havana District 86, Yell Coun¬
tors, is calling for payment on the Commercial National Bank of
ty, $40,500 refunding bonds dated Jan. 1, 1944, the following refund¬
Little Rock.
Dec. 1, 1943, 3V2%, maturing from
ing bonds of its issue dated Dec.
1945 to 1964. T. J. Raney & Sons,
Prairie County, Des Arc Special
1, 1940, maturing Jan. 1, 1970;
School District No. 5 (P.O.
agents.
bonds Nos. 4RB, 8RB, and 9RB,
Hoxie
District
46,
Lawrence aggregating $3,000 at par and ac¬
Des Arc), Ark.
Bond Call—E. C. Infram, Dis¬
County, $15,000 new bonds dated crued interest to Jan. 1, 1944, and
Nov. 1, 1943, 4%, maturing from
bonds
Nos.
16RB,
17RB,
and trict President, is calling for pay¬
1970 to 1975. (To rebuild a build¬
18RB, aggregating $3,000 at 103 ment at par and accrued interest
ing destroyed by fire.)
cents on the dollar and accrued cn Jan. 1, 1944, refunding bonds
St. Charles School District 54, interest to Jan.
1, 1944.
Bonds dated Oct. 1, 1941, Nos. 5RB, 6RB,
Arkansas
County, '$9,500 bonds are to be presented for payment and 7RB, for $500 each. Bonds are
dated Jan. 1, 1944, maturing from en and after date called at the to be presented, with all unma¬
1951 to 1965.
Commereiafi; National Bank
of tured coupons attached, at Com¬
Prescott
District
14,
$5,600 Little, Rqckf.r Said bonds will mercial National Bank of Little
bonds, 4%, maturing in from five cease to. bear Interest on and after Rock, for payment.
to eight years.
call date.
Prairie
County, De
Vails Bluff
Columbia County, Waldo Special Loncke
County School District No. Special School District No. 1, Ark.
School District No. SO, Ark.
Bond Call—E. K. Dodson, DisIS, Ark.
Bond Call
W. T. Hagerman, Irict President, is calling for pay¬
Bond
Call—Paul
Blake,
Dis¬
trict President, is calling for pay¬ District President, is calling for ment on Jan. 1, 1944, refunding
ment at par and accrued interest payment at par and accrued in¬ bonds dated Oct. 1, 1941, maturing
to Jan. 1, 1944, bonds Nos. 10RB
terest to Jan. 1, 1944, refunding Jan. 1, 1969, Nos. 5RB, 6RB, and
to 14RB, aggregating $2,500; and
bonds Nos. 6RB to 16RB.
Hold¬ 7RB, aggregating $2,500, at par
1,
bonds Nos. 27RB and 29RB, ag¬ ers of the bonds are to present and accrued interest to Jan.
dated
County, El Dorado Special
15 (P. O.
Unicn
gating $4,000, dated Nov. 2, 1942, bearing the serial numbers ap¬ Pittsburgh, bidding 0.42%, while
maturing Jan. 1, 1974. Holders of pearing in this notice, will be re¬ the same figure was offered by
said bonds are to present them for deemed
upon
presentation with R. L. Day & Co. of Boston.
without being limited payment on and after Jan. 1, 1944,
bondo numbered 3RB- with all unmatured coupons at¬
6RB,
and
10RB-127RB.
The tached, at the Commercial Na¬
holders of said bonds are to pre¬ tional Bank of Little Rock.
sent them for payment on and
North Little Rock Special School
after Jan. 1, 1944, at the Commer¬
District, Ark.
cial
National
Bank
of
Little
Bond Call—R. B. Brawner, Dis¬
Rock.
trict Secretary, is calling for pay¬
Hempstead County, Hope School ment at par and accrued interest
District No. 1-A, Ark.
to Jan. 1, 1944, bonds Nos. 1RB to
Bond Call—E. P. Young, Dis¬ 50RB, 'dated Oct. 15, 1941, matur¬
trict President, is notifying bond¬ ing Jan. 1, 1975. Holders of said
holders that the district is calling bonds are to present them to thpe
for payment at par and accrued Commercial
National
Bank
of
interest on Jan. 1, 1944, $10,000 Little Rock, for payment, on and
of outstanding bonds issued by after Jan. 1, 1944, with all unma¬
said district under date of Dec. 1, tured coupons attached.
interest
COLORADO
(City and County), Colo.
Offered to Public—A sec¬
57, 94, 250, 259, 385, anticipation notes offered for sale
on Dec. 20—v. 158, p. 2405—were
583, 663, 676, 738, 742, 759, and
Ark.
818.
The provisions of Chapter awarded to Goldman, Sachs & Co.
of New York,^at 0,41% discount.
Bond Call — H. D. Stephens,
407, Statutes of California of 1909,
District President, is calling for providing for the redemption of Dated Dec: 22, 1943. Due on May
payment at par and accrued in
State of California India
Basin 1,1944.
Second best bid was an offer
terest to Jan. 1, 1944, refunding bonds by lot have been complied
bonds Nos. 1RB to 4RB, aggre
with.
The bonds of this issue, of the Mellon Securities Corp. of
cluding,
thereto,
20.
declined to $18,938,631 from
$22,026,627. '
poses,
Denver
.
,
County,
bonds
at
cease
payment at par and accrued in¬ payment at par and accrued in¬
terest on Jan. 1
1944, all the re¬ terest, on Jan. 1, 1944, bonds Nos.
funding bonds issued under date RB436 to RB445, 2%%, being 10
of Nov. 1, 1940, being bonds Nos. bonds at $1,000 each, dated Dec.
28RB to 204RB'.1 Holders of the 15, 1941, due Jan. 1, 1960.
Said
above bonds are to present them bonds are being called under the
Little
1, 1944, and subsequent coupons
attached, and will cease to bear
interest on and after date called.
Said bonds Will
bear interest on and after date
Buck, District
President, is notifying bondhold¬
ers that the district is calling for
attached,
coupons
the Commercial National Bank of
called.
to the Commercial
presented at the Commedcial
of Little Rock, on
and after Jan. 1, 1944, with April
right
may
after
and
They will
unmatured
Little Rock.
be
trict
State
Oct.
1968, bonds Ncs. 13RB to 19RB,
aggregating $7,000. Bonds are to
receive tenders until
(CWT) on Jan. 12, of
will
a.m.
maturing
1941,
1,
issued under date of Jan. 1,
Bond Call—C. M.
F. Morton, Dis¬
is notifying bond¬
holders that the district is calling
Dell
11
Ark.
trict President,
Adkins, Chairman, State Invest¬
ment
Board,
reports that the
Board
Call—S.
Bond
Special
Fordyce
County,
School District No. 39,
were
1936,
National Bank
will be made.
ARKANSAS
Tenders
Dallas
1944. The bonds
Holders j and after Jan. 1,
1944.
to
on
Holders
of
said
bonds
are
the
of
fund
and
fund
aside
set
in
the
war
The
surplus as
of Nov. 30 in¬
cludes $1,582,904 in cash on hand
and bond investments, taken at
par,
of
of $67,757,000.
The balance
surplus is held in other
funds and is available for
:
.
transfer to the general
1957.
nation
to Nov.
1
nations
bursements totaled
in
,
$1,000 and $500. Due
1, as follows: $5,000
$6,000 in 1951 to
1950,
1954, $3,500 in 1955, $2,000 in
1957, $7,000 in 1958 and 1959
$2,000 in 1960.
and
and dis¬
$88,220,445. In
Jan.
on
30, the first five
amounted to $107,399,418,
.
50,500 3V2% Special Tax School
District No. 7 bonds. Denomi¬
of the state's fiscal year,
months
in
clusive.
Receipts accruing to the general
revenue fund for the period from
July
Denomi¬
Due $5,000 on
1945 to 1949 in¬
$1,000.
1
Jan.
v
ments taken at par.
Special Tax School
District No. 7 bonds.
fund, The
$59,494,379 surplus as of Nov. 30,
1942, included $11,884,599 in cash
and $43,980,000 in bond invest¬
1947 to ' 1951 ^
$4,000 in 1952 and 1953, $1,008
in 1955 and $4,000 in 1956 and1
25,000 3 J/4%
the
state
$3,000 in
lows:
catastrophe reserve fund.
1, 1943. : Interest
All of said bonds
maturing on Jan. 1, 1954, and sub¬
sequently are redeemable at par
plus
accrued interest / on July
Dated
July
the/iljye months of ,the preceding
fiscal,.year, receipts amounted to
$106,$$6,070, and disbursements
aggregated $60,893,091.
Among the items of revenue
accruing
to the
general fund,
bank
and corporation franchise
payable J-J.
and income taxes totaled $26,027,-
National
744
the
in
five-month
period,
against $16,585,201 in the corres¬
ponding period last year.
sales
and
directed
fund,
use
in
rose
which
are
taxes,
Retail
which
are
1,
1953, or on any interest pay¬
date thereafter.
Principal
payable at the Chase
ment
and interest
bonds
Bank,
will
be
The
New York.
delivered
the
at
First National Bank,
Orlando, and
their legality will be
approved by
Caldwell,
Marshall,
Trimble
&
whose ap¬
part
Mitchell of New York,
to
proving opinion will be furnished
to the successful bidder without
to the general
$63,824,010 from
Net gasoline taxes,
used for highway pur- cost.
present the bonds for payment $61,936,653.
arid after date called, with all
State
its
upward
to $103,411,599
continuing
No
bid
for
less
than
.
Volume
THE COMMERCIAL &
Number 4241
158
York
municipal attorneys,
and
$1,007.50 for each $1,000 of bonds
be considered and the right Howard B. Bryant of the Chicago
is reserved to reject any and all law firm Of Tolman & Megan, on
will
FINANCIAL CHRONICLE
ting the opinion, it was said. The
county officials said that Seipp,
Princell
&
Co.,
which
was
1, 1954.
Rate of interest to be in
multiples
*4
of
than
more
2625
1%
of
and
of
rate
one
not
interest
submitting ap¬ awarded the bond issue Nov. 2, shall be named by each bidder.
legal opinions on the would probably take delivery on Interest rate is not to exceed 3%,
for, 2% of the par value of the proving
funding
bond issue, the obligations on or about Jan. 5. payable F-A, Said bonds will be
bonds, payable to the Board of $8,346,000
to
the
which the county awarded on Nov. In addition to the opinion from awarded
highest bidder
Public Instruction.
Reed,
Hoyt
&
Washburn, the who has submitted his bid in ac¬
2 to Seipp, Princell & Co.
Suwannee County Special Tax Sch.
cordance with the notice of sale.
Mr. Bryant later announced that county also is to obtain an approv¬
Enclose
bids.
check
certified
a
the
of
question
awarded
were
to
Stein
Bros.
&
Boyce, Inc., of Louisville, paying
a price of 103.00, a basis of about
2.50%. Dated Jan. 10, 1944.
Due
on Jan. 10 in 1945 to
1954; option¬
al
on
after Jan. 10,
or
1949.
MASSACHUSETTS
'
District
No.
(P.O. Live
1
the
Oak), Fla.
firms
two
studying the
were
financing plan and that he could
ing opinion from the Chicago law
firm of Tolman &
Megan.
Bond Sale—The
$40,000 refund¬ not say definitely at this time
ing bonds offered for sale on Dec. whether approving legal opinions
7—v. 158, p. 2200—were awarded would be submitted. Further con¬
of Live ferences, he said, would be held
Oak, paying a price of 103.00, a with county officials.
basis of about 3.53%.
Dated Jan.
Other
sources
said, however,
1, 1944. Interest payable J-J. Due that it was reasonably certain, al¬
on
Jan. 1, as follows: $2,000 in
though not absolutely definite,
1945 to 1948, $3,000 in 1949 to 1956, that the two firms would submit
and $4,000 in 1957 to 1958.
The approving opinions. It was said
the Commercial Bank,
to
next highest
offering
rance,
J. R. Dur- that each firm would submit a
price of 102.545. separate opinion. The only ques¬
bidder
a
was
tion left to be decided is the mat¬
Garden, Fla.
Winter
ter of
$118,000 3M>%
semi-annual refunding bonds of¬
fered for sale on Dec. 20—v. 158,
Sale—The
Bond
2520—were < awarded to B. J.
Van Ingen & Co., Inc., of New
York, at a price of 101.00, a basis
of about 3.38%.
Dated July 1,
p.
1943.
Due
July 1 in
on
1951
to
1970; optional on or after July 1,
:;-
1949.
that
early vote
an
of from
issue
bond
un¬
on
$6,000,000
a
to
$8,000,000, to complete the build¬
ing program for the city's school
system, was included among the
submitted
recommendations
which
sioners
Dec. 14 to the Board of
would
make
pro¬
vision for delivery of the bonds to
Seipp, Pincell & Co.
law
The
of
firm
Chapman
&
on
Offered
Bonds
their, maturities
Springs, Idaho
available
at the office of the Village Treas¬
at the Lava Hot Springs
or
urer,
State Bank, for the redemption of
municipal water works refunding
and 26, series
July 1, 1937. Prompt surrender
bonds
of
Nos.
24,
25
of the bonds is necessary.
until
the
No
suit.
is
county
action
such
has
been
taken.
The
$8,346,000 in claims which
funding oper¬
ation includes judgment of $3,620,000 and unpaid bills of $4,-
are
embraced in the
726,000.
The
.
firm
of
Princell &
Seipp,
are
$3,633,000
firm, under terms of its^bid
ta
have
taken delivery of
was
l%s
2%s
by
Dec.
and
1
the
of
the
by: Dec. 15.^?■
.County Tax Collections at Year's
Peak—Tax
collections
County reached
an
in
Cook
all-time .record
Postponed—The
the
preceding
year
the Treasurer's
City Council met on Dec. 2 and
office
collected
$188,888,006 in
postponed until its next meeting real estate, personal property and
the question of issuing the fol¬ railroad taxes.
'
Current tax collections made up
lowing
$250,000
water
bonds,
$150,000 revenue and $100,000 gen¬ $203,450,158 of the amount and
eral obligations.
$11,812,463 was realized in delin¬
—
A
bonds
for distribu¬
day.
Said
required
are
the following
on
quent taxes as the result of for¬
Chicago, III.
Plan of City
Traction
Operation Assailed—The plan for
municipal ownership of Chicago's
traction system is an attempt "to
sandbag the security holders of
the Chicago Surface Lines," Dr.
Harry G. Guthmann, Professor of
Finance at Northwestern Univer¬
sity- ! School of Commerce, told
members of the Chicago Chapter
of f,the American Statistical As¬
sociation
on
Dec. 15.
Guthmann
Dr.
courts should
"the
that
asserted
be
cleared
of
responsibility by immediate sep¬
arate reorganization of the Sur¬
and
Lines
face
ties."
He
Elevated
that
said
proper*
keeping
the
properties in receivership causes
their securities to be depressed.
Mayor Kelly's municipal own¬
ership program, to be successful,
Dr. Guthmann said, depends upon
the freedom of
erty
mean
a
city-owned
prop¬
from taxation. This would
increasing the burden of
feiture
and
foreclosure
Personal
ings.
proceed¬
property
is
18%
delinquent, 8.43% of the real es¬
tate remains unpaid and a fraction
of
1%
of
railroad
taxes
are
in
the report said.
Mr. Schlaeger said that all ex¬
cept $23,000,000 of the 1942 levy
arrears,
of
$227,000,000
Most
delinquent
properties
which the taxes
on
ceed obtainable
have
been
owner
land
revenue
or
abandoned
because
were
has
been paid.
funds concern
the
by
levies
ex¬
which
on
the
the
found to be higher than
the land value. The county is now
taking foreclosure action on such
property, the Treasurer said.
Delinquent
personal
property
collections
int.
and
(J-J)
payable
the
at
collected on all of the
levied and
& Trust taxable property in the School
Co., Chicago. Bonds are register- City.
The opinion of Ross, Mcable as to principal. Legality ap¬ Cord, Ice & Miller, of Indianap¬
proved by Holland M. Cassidy of olis, will be on file on the date of
Chicago.
'
sale, and will be furnished to the
American National Bank
,
successful
Normal, III.
Bonds Sold—The
repair
bonds
election held
authorized
on
bidder
at
of the School City.
$35,000 bridge
the
at
Nov. 22 have been
sold, according to the Town Clerk.
the
fied
check
for
expense
No conditional
bids will be considered.
A certi¬
$1,000, payable to
School City, must accompany
the
the bid.
-yy."
in
the
current
fiscal
School
ment
Treasurer.,
Jan.
on
calls
for
system could then be operated by Reed, Hoyt & Washburn had given
a reorganized
surface lines corm- them verbal assurances that the
owned by private investors
at present.
as
firm
would
submit
an
approving
legal opinion on its
$8,346,000
Cock County (P. O. Chicago), III. funding bond issue.
Mr. Wash¬
Legal Approval of Bond Issue burn, who conferred with county
Foreseen—A conference was held officials in Chicago last week on
on
Dec.
ficials
of
17
and
between
Lester
H.
county
of¬
Washburn
Reed, Hoyt & Washburn, New
National
3 % %«school
bond No.. 1,
at
par
Value of $1,000. Dated July 1, 1938
and due July 1, 1958. Said bond
with
all
interest
be
(P. O. Paintsville), Ky.
^
pay¬
1, 1944, at par and
date called,
matured
and
unmatured
attached, should
coupons
presented for payment the' The
Northern
Trust
Co., Chicago, for
payment.
Bond
and
Sale
bridge
for
fered
Bank, Boston, at 0.369%.
Other bidders
the
financing, expressed
a
desire
to discuss the matter with his as¬
sociates
before
actually
submit¬
were:
Bidder
First
next
Second
Int. Rate.
Boston
Naumkeag
Corp
Trust
0.373%
Co,,
0.3757a
Salem-.—
Wakefield, Mass.
Note Sale
The $200,000 tax
anticipation notes offered for sale
—
Dec. 21, were awarded to The
on
First National Bank of Boston, at
0.38%, plus a premium of $2. Due
$50,000 on Oct. 27 and on Nov. 3,
10, and 17, in 1944.
Other bidbers were the First Boston Corp.,
at 0.383%, and the Second Na¬
tional Bank, Boston, at 0.396%.
MICHIGAN
i;
Dearborn
Bond
will
Township, Wayne
County, Mich.
,
Offering
be
received
Sealed
—
the
at
bids
office
of
George
A.
Dingman,
Wayne
County Drain Commissioner, 3505
Barium
til
Tower, Detroit, Mich., un¬
a. m.
(WT). on Jan. 10,
the purchase of $34,700 drain¬
bonds. Denom. $1,000, one for
11:30
for
age
$700. Interest rate to be fixed by
the
bidder, payable semi-annually.
1
$2,700 in 1945, $3,000
in 1946 to 1949, and $4,000 in 1950
to
1954, all incl. Prin. and int.
payable at the County Treasurer's
Dated Dec. 15, 1943. Due on May
as
follows:
office
in
Detroit.
bonds
are
issued
full
in
refunding .bonds
Dec.
on
20,
and
ville,
according
to
W.
J.
thereto.
issued
be
in
Said
coupon
form and may be registered at the
office of the County Treasurer of
of
Newell, of Paints¬
D. P.
was
will
of¬
Paintsville. The next highest bid¬
der
supplemental
bonds
were
Turner
D.
J.
to
and
The $26,000 road
—
sale
awarded
Ward,
County Judge.
V'\'
y\.\
The
the
was
1923, and of the State of Michigan
all Acts amendatory thereof
Johnccn County
interest .to
accrued
0.364%.
bidder
Act No. 316 cf the Public Acts of
KENTUCKY
—
Wayne County, as to the principal
only.
Proposals
to
be
the successful
upon
conditioned
bidder fur¬
nishing the lithographed bonds
ready for execution and the nec¬
Kentucky (State of)
t,
essary approving
opinion as to
Month Decline the
legality of said issue, without
Bond Sale—An issue of $35,000 —Declines of 3.8% in gasoline tax"
charge. The proposals must be
municipal
building
bonds
was receipts and 13.7% in toll bridge accompanied by a certified check
awarded on Dec. 15 to Daniel F. revenues for November, compared on
any
National Bank of the
Rice & Co. of Chicago, as 2V2s, at with the corresponding 1942 pe¬ United
States
for
2%
of
the
a price of
101.026, Due in 1945 to riod, were reported by the State amount of the bonds bid for.
Gasoline tax re¬
1963.
The next highest bidders of Kentucky.
Proposals must be endorsed as
were
R. S. Dickson & Co., at a ceipts amounted to $696,156 and follows:
"Proposal" for the con¬
price of 100.79, and Mason, Mor¬ compared with $723,388, whereas struction of Lenore" Sanitary and
toll bridge revenues
aggregated Storm Water Draim
gan & Co., at a price of 100.62,
Township of
$63,485, against $73,569.
both for 2 V2 % bonds.
Dearborn, Wayhe('CPtinty, Mich¬
Truck traffic on the State's toll
igan."
.abrnv
INDIANA
bridges rose 6.2% in November
Detroit)1Mick.
to 37,497 units from 35,294 units
East Chicago, Ind.
'
City Revenue Greatly Increased
in November, 1942. This increase
—Revenues of the City Govern¬
Warrant Offering — Albert P.
was more than offset by a reduc¬
Park
Tax Receipts for
Ridge, III.
.
*
Lesniak, City Controller, will re¬
ceive sealed bids until 2
p.m.
on
Jan. 4 for the purchase of $200,000
not to exceed lJ/4% interest time
warrants.
Dated
16, 1944.
Due on or before Dec. 31, * 1944.
Payable
at
the
First' National
Bank of East Chicago.
,
was
changed from $15,000 to $12,-
500 and the bonds awarded to the
Haubstadt
par.
Dec.
State
Bank
at
Interest payable J-J. Dated
as
4s,
which
fic,
units
and
last year.
The
enues
State
on
City, Ind.
Offering —Bess
G.
obtained
larger rev¬
four of the 13
bridges in
November than it did in the 1942
The
month.
increases
were
.
re¬
corded by the Boonesboro, Spotts-
ville, Calhoim-Rumsey and Livermore
projects and they ranged
from 6.7
to 23.5%. Declines rang¬
ing from 6 to 40.9% were shown
by the other nine bridges.
The report included'.tolls col¬
lected on the Paducah-BrOokport
bridge for the first 24%&$s of the
month,
The
Bond
amounted to 139,037
compared with 182,432
as
the bridge became " toll-
Neal.
Secretary of the Board of School
Trustees, will receive sealed bids
until 2 p.m. (CWT), on Jan. 5, for
the
purchase of $40,500 school
building bonds.
Dated Jan. 15.
1944.
Denom. $500.
Due $3,000
Feb. and Aug. 1, 1945 to 1947, $2,500 Feb. and
Aug. 1, 1948 and
1949, $3,500 Feb. and $3,000 Aug.
1, 1950, and $3,000 Feb. and Aug.
State
released,
a
report
comparing results for last month
with Nov. 1941: In this compari¬
son,
a
gasoline tax receipts showed
reduction
of
bridge receipts
Trimble
45.6%
and
toll
decrease of 26%.
County (P. O. Bedford),
.
Bond
a
Ky.
Sale—The
$31,500
3V4%
semi-annual school building reve¬
nue
sale
refunding bonds offered for
on
Dec. 20—v.
158,
p.
2521—
increased
ment
$14,150,000 in the
and expenditures
$6,700,000, Auditor Gen¬
George EngeL reported to the
last: fiscal year
went up
eral
City Council
on
Dec. 17.
accounting was of general
operations, exclusive of the DSR,
water, sewage and housing, which
are on a self-sustaining basis and
The
were
previously reported.
retiring
a
$4,686,462
Besides
deficit, the city entered
year July 1 with a
general fund surplus of $4,284,089,
all of which has been appropri¬
floating
the
current
ated
for
cept
a
current
operations, ex¬
contingency
fund
of
$150,000.
It
free Nov. 24>
1, 1943. Denom. $500.
Madison School
in automobile traf¬
tion of 23.8%
Jan.
.
totaled
suggested that a
pany
of
rate
a
compliance with the provisions of
Township School District No.
117, III.
Bond
Call
Thomas
Quin,
M
taxpayers,
at
highest
These
...
Palos
$4,035,738.
Of this
amount, $1,314,457 was collected
Haubstadt, Ind.
Bond Sale—In connection with
by the Levy Department, $1,450,762 by order of the Circuit Court,
the issue of water works revenue
$883,329 by the Municipal Court •<bohds offered for sale on Dec. 16
and
$385,790
by order of the —v, 158, p. 2201—the Town ClerkTreasurer reports that the amount
Superior Court.
year
he declared.
compromise
Attorneys to Approve I^uC-fL
be effected, with the city itaking The following is taken
frbm^the
over the elevated lines, since the
Dec.
21
issue
of
the 'Chicago
subway is already municipal prop¬ "Journal of Commerce":
Officials of Cook County' yes¬
erty. To avoid political misman¬
agement, Dr. Guthmann declared, terday said that Lester H. Wash¬
the
city-owned elevated-subway burn of the New York law firm of
Chicago
He
$200,000 tem¬
offered for sale on
21, was awarded to the Mer¬
chants National Bank, of Salem,
loan
Dec.
are''being "issued for the
of providing funds to be
;
,
Mayor's
Sale—The
porary
in
used
completing the payment
yield from 2.00% to 2.40%, ac¬ of .the purchase price of a school
cording
to ' maturity.
Denom. building heretofore occupied by
$1,000. Dated Nov. 1, 1943. Due on the School City under lease, and
Jan. 1: $7,000 in 1957 and 1958, will be the direct obligations of
$2,000 in 1959, $1,000 in 1960 and the School City payable out of un¬
1961, and $10,000 in 1962. Prin. limited, ad valorem taxes, to be
to be call¬
1945-52, as l%s, and for the
remaining $4,713,000, which are to
be optional 1952-61, as 21/2s.
The
County Treasurer, disclosed
recently in an annual report.
In
Charleston, III.
Issuance
to
deducting
and
Salem, Mass.
Note
purpose
ger,
Bond
Public
to
ing bonds is being offered by Ben¬
of $215,262,621 for the fiscal year
ended Nov. 30, Victor L. Schlae-
ILLINOIS
bonds
,
Offered
Bonds
able
Hot
the total
the
of
all
on
$36,500
issue of 21/2%
coupon
therefrom
the
premium bid, if
funding bonds is being offered by
any.
No bid for less than the par
Benjamin Lewis & Co. of Chicago,
value of said bonds, including ac¬
for general investment.
Denom¬
crued interest to the date of de¬
ination $1,000, one for $500. Dated
livery at the interest rate named
Oct. 1, 1943.
Due on Oct. 1 as
in the bid, will be considered. The
follows: $3,500 in 1944, $3,000 in
bonds will be delivered at such
1945 to 1947, and $4,000 in 1948 to
bank in the School City of Madi¬
1953.
Prin. and int. (A-O) pay¬
son as shall be designated by the
able at the office of the County
successful bidder.
The success¬
Treasurer.
Legality to be ap¬
ful bidder shall make payment
proved by Chapman & Cutler of
for and accept delivery of the
Chicago.
bonds on or before Jan. 14, 1944.
Massac County (P. O. Metropolis), Time is of the essence of this pro¬
vision
as
III
the, proceeds of the
jamin Lewis & Co. of Chicago, for
general investment at prices to
units, had declined to sub¬
approving legal opinion
the
various. unpaid
bills
its
mit
of the bonds which
Lava
by computing
interest
mental
dent. ,v"
Bond Call-—Funds are
termined
bonds
Co. had bid for the first
\
A
—
tion
by Willis A. Sutton, Superinten¬
IDAHO
Public
to
$28,000 issue of 4% coupon fund¬
Education,
;•
O. Lawrencet
ville), III.
cost to the School City, to be de¬
Cutler, which normally passes on
bond issues of Chicago govern¬
seeking to
fund were certified by the Su¬
preme Court of Illinois in a test
Atlanta, Ga.
Election Urged—We
derstand
drawing up a resolution for
by the Board of Commis¬
which
GEORGIA
Bond
action
Lawrence County (P.
The highest bidder will be the one
who offers the lowest net interest
was
than
a
the
first
decade
time
that
in
more
city
the
interim short-term bor¬
rowing to meet current costs.
The largest net improvement in
the "city's
finances
looking
to
escaped
post-war needs was the advance
deposit of $2,925,000 in the sink¬
ing fund, described by Engel as a
cushion against future contingen¬
cies.
Real
duced
and
personal
taxes
pro¬
$80,341,890 last year,
nearly $9,000,000.
advance of
an
of
revenue
the
post-war
of
all
regard to each issue,
With
are a nu¬
undertak¬
ings.
saved $2,210,000 in to be paid by the purchaser; The
welfare costs, compared with the purchaser will be required to pay
previous year, for an outlay re¬ accrued interest on said bonds to
duced to $6,622,000.
but not including the day of de¬
The bonded debt at the begin¬ livery; and in addition, purchasers
ning of the fiscal year was $330,- of the bonds will be required to
The
city
697,198, including $242,848,296 of pay the city $2 per bond to apply
tax-supported general purpose is¬ on the expense of the city in is¬
sues
and $87,848,902 of revenue- suing and transporting the bonds
supported bonds.
The total was to place of delivery and in meet¬
reduced
$9,406,032
during
the ing bank charges for maturity
year..
•%'/
payments. Any bid submitted is
subject to the following limitation:
Erin, Warren and Clinton Town¬
The enactment at any time subse¬
ships Fractional School District
quent to the submission and ac¬
No. 1 (P. O. Fraser), Mich.
Bond Sale—The $15,000 school ceptance of this bid and prior to
the delivery of the bonds, of Fed¬
bonds offered for sale on Dec. 9—
eral legislation which in terms,
v.
158, p. 2303—were awarded to
by the repeal or omission of ex¬
Crouse, Bennett, Smith & Co., of
emptions or otherwise, subjects to
Detroit, as 2y2s. Interest payable
a
Federal income tax the inter¬
M-S. Dated Sept. 1, 1943. Denom.
est on bonds of a class or charac¬
$1,000. Due $3,000 on Sept. 1 from
ter which involves these bonds,
1944 to 1948, incl.
will, at the election of the pur¬
chaser/relieve the purchaser from
MINNESOTA
his obligation under the terms of
Dassel, Minn.
the contract of sale and entitle
Bond Offering—T. B. Larson,
the purchaser to the return of the
Vilage Recorder, wil receive bids amount deposited with his bid.
until 8 p.m. on Jan. 4, for the pur¬
The bonds will be accompanied by
of
chase
semi-an¬
$10,000-2%%
bonds.
nual street and water main
Dated
from
Wood, Hoffman,
King & Dawson of New York, that
the
1944. Due $1,000
July 1, 1945 to 1954 inclu¬
Jan.
1,
These
sive.
on
Dec. 7.
the bonds bid for must accompany
Board
Offering—The
proposal for each issue.
the
Minneapolis. Minn.
Bond
and binding
valid
are
obligations of the city. A certified
check for 2% of the amount of
bonjds were voted at
election held
bonds
the
of
to levy
"Mayor Julius Houglum, Treas¬
H. G. Todd and Councilmen
Clark, Sam Davidson, George
Rediske
and
Floyd Edson con¬
Sam
decision
the lower court's
tended
invalid because Judge George
was
Padbury, Jr., signed the order
in Helena rather than in Ryegate.
W.
"The
originated with a suit
brought by Harold E. Mueller for
payment of one of the 15 $1,000
case
had
which
bonds
When the city
of Ryegate refused
cash,
sui^. Judge Pad-
bury ordered the town to impose
mills to liquidate
of 375
levy
a
the entire bond issue and awarded
Mueller
$2,500 for court costs.
"The Ryegate
ing
officials asked the
the
that Padbury's
invalid and contended
grounds
on
was
$2,500 costs awarded Mueller
excessive."
were
;
NEBRASKA
Neb.
of
Rate
1954.
expressed
in
interest
to
be
Dec,
%
of
or
sonal tax
one-tenth of 1% and must be the
all
for
same
of
the
18
that real
par.
Dated
next
Grand
$125,000
Island,
Jan.
as
re¬
estate and per¬
$22,619,171, which was
The
bonds.
$925,136 more than collected in
registered as to both that month last year.
prin. and interest on application
Real estate taxes collected in
to the City Comptroller of Min- -November totaled
$19,898,823 of
neapolis.„A charge of $1 plus 5c. the $23,860,764 total charge for
per thousand dollars will be made
the year.
Taxpayers are allowed
for the issuance of each registered a 1% discount if levies are paid
certificate,
and
an
additional in November. Personal property
charge of 50c. per certificate will tax receipts last month were $2,be made for each reregistration.
720,348 of the year's $3,774,479
bonds may be
at
The
Baum,
was
Bernheimer Co.
obligations
will
be
issued
pursuant to the terms of sections
9
and
10
of
Chapter XV of the
Charter of the City of Minneapo¬
lis,
be, payable in "lawful
of the United States of
will
money
America," will be without option
of prior payment and will be tax-
Town
connection
sale
Dec. 7 of the
on
annual
158,
p.
tax
$256,000 semi¬
bonds—v.
judgment
2407—we report in part as
Haverhill, Mass.,
exempt in the State of Minnesota.
The
faith
full
and
credit
of
the
City
of
Minneapolis
will
be
pledged for the payment thereof.
At 9:30
also on Jan. 4, the
City Council will consider sealed
a.
m.,
and auction bids for the
of
$2,480,000
interest
meeting
city
bers instead of
tax
to
is
not to exceed 5%
refunding bonds.
a
tered
to
both
principal and
interest, on application to the City
Comptroller. Said obligations wiil
as
be issued pursuant to the terms of
section 16 of Chapter V of the
Charter of the City of
lis,
Minneapo¬
be payable in "lawful
of the United States of
$1,000,000 annually.
America," will be without option
of prior payment and will be taxexempt in the State of Minnesota.
The
City
full
faith
O. J.
will
Other Bids—In connection with
the award
and
credit
of
receive
sealed
and
auction
000
on
Dec. 7 of
$76,000 re¬
the issue of bonds to
cover the amount, and the meeting
on Monday morning was to. ratify
Selectmen
the
other
matter
J.
M.
Dain &
Co.,
State Board
$50
City V/2
228
2 Vs
Par
of Land
Commissioners
-
Ryegate, Mont.
Bond
The
Tax
Ruling
Appealed—
following report is taken from
Clarion," published
the "Montana
at
interest, and
of issue of bonds
and
Ryegate, issue of Dec. 8:
creditors in
out
1936.
Tyler Co. of Boston
re¬
of
.3991
per
$1, almost four cents, amounting
the total, which
will be applied against the first
six months' interest of $1,280.
"It
was
stated
by Attorney
on
A,
Batchelder, counsel for
that an increase in the
town's tax rate resulting from the
the town,
bond issue will be in the vicinity
of $10 per $1,000.
This will de¬
over;
a
period
of
taking into consider¬
appropriations."
NEW JERSEY
City, N.
Refunding
are
today.
to
years,
extent in
an
Considered—
said to have
to
discover
whether
it
would be logical to refund the
city's callable bond debt, now es¬
timated at about
than $34,000.
$23,000,000.
We
Total valuation
property
for
1942
taxable
amounts
to
$1,342,729
liens ; owned
and
by
tax
the bor¬
on
that date
aggregated
firm thinks has ough
The 1943 budget pro¬
reflected in the open $127,524.
market
appraisal of the city's' vides for a tax levy of $8.55 per
/
credit.
The firm pointed out that $100 valuation.
the
which
fact
.
the
city's net debt of $20,744,000
represents a
decrease
of 37%
since the peak of $33,050,000 in
belief
The
expressed
was
that when the investing public is
widely acquainted with the
more
city's demonstrated capacity to
its debt as evidenced by the
pay
fine record of debt retirement and
continued
West
Under the existing
1946
in
$20,744,000
bonds
in¬
4%
to
the
from
1973. The
$1,967,000 of out¬
standing water bonds which are
wholly self-sustaining bear inter¬
est at the rate of 4%
then
to 4%%
go
ture in
by the Board of
a
meeting on
Commissioners
Dec. 29, for the
Bayard, N. Mex.
Voted
Bonds
and
the
in
sanitary
by
a
should
wide
■.••y'
Roswell, N. Mex.
H. Dekker, City
£>ale—J.
reports
that
the State
Treasurer recently purchased at
Clerk,
$75,000 bonds
,
;
Y
the following
2As, divided:
par,
as
$45,00 airport
administration
building bonds. Due $3,000
from Jan.
15, 1945 to 1959.
library improvement
bonds. Due $2,000 from Jan.
30,000
15, 1945 to 1959.
be
city than similar provisions in the
existing contract, and that ade¬
quate provisions should be made
insuring
the
retirement
of
a
YORK
NEW
bond contract
Huntington (P. O. Huntington),
respect to calling or purchas¬
Y.
N.
Bids
Other
previously
columns—v. 158,
these
in
noted
•
As
—
2523—the town awarded an is¬
of $33,000 refunding water-
p.
sue
bonds oh Dec. 16 to Newburger,
amount of debt annually
Loeb & Co., New York City, on
the capacity of the citytheir bid of par and a premium of
• '-V
'
-y
;j.;'
$85.80 for l3As, equal to 100.26,
CresskiU, N. J.
a
basis of about 1.73%. We give
proper
on
to pay.
..
Refunding Decision Deferred—
At
reported
$25,000
bonds
system
Bond
ing bonds more favorable to the
based
of
issuance
sewer
eliminated, that provision should
new
is
It
—
that the voters approved recently
•
be made in the
MEXICO
NEW
until they ma¬
can
issuance of $600,refunding bonds,
outstanding obligations.
to take up
The firm feels that these rising
rates
at
000 in temporary
to 1967 and
1973.
An
for final passage
contract the
general
■
—
margin.
rate of interest on the
outstanding
J.
to be scheduled
city's credit will
the
N.
York,
ordinance is said
improvement
that
New
Bond Ordinance Pending
earlier
an
meeting, the State
Commission decided to
Funding
herewith the details of the unsuc?
cessful bids:
Int.
r
take under advisement for further
consideration
Dec. 20 the bor¬
on
*
Bidder
Rate Premium
Bacon, Stevenson & Co,-'..
1.80%
Roosevelt
1.90
1.90
1.90
&
Weigold-L—
ough's proposal to extend the ma¬
C. P. Childs & Co.—_____
dates on $137,000 of out¬
standing bonds.
The plan was
prepared
for
the
borough
by
Francis
turity
Campbell,
Phelps
&
New
Co.,
York City.
Co.
$92.40.
184.80
181.00
45.54
.
Oneida, N.Y.
Sale—The
Bond
$455,000 semi¬
Series 9,
annual refunding water,
bonds offered for sale on Dea 21
Matawan, N. J.
offered
du Pont &
1.
Sale—The
for
sale
on
17—v.
Dec.
158, p. 2407—were awarded to the
and
Merchants
as
158,
—v.
bonds
$16,000
National
1.80s, as fol¬
2523—were awarded
p.
jointly to the Bankers Trust Co.,
and
the
Chase National Bank,
1.10s, at a price
basis of about 1.025%;
15, 1943. Due on June
both of N. Y„ as
of
100.659,
a
Dated Dec.
lows:
15, 1946 to 1957. Other bids were
$3,500 water bonds. Denomination
$500. Due $500 from Dec. 1,
as
1944 to 1950.
follows:
FOR
12,500 water construction bonds.
Denomination $1,000. Due on
Dec.
1, as follows: $1,000 in
1944 to 1955 and $500 in 1956.
Dec.
1943. The next
highest bidder was Boland, Saffin
1,
Co. for 1.90s.
The bonds
100.0.1,
a
were
sold at
J.
B.
a
price
as
of
Int. Rate
Saffin
Hanauer & Co.
Price
1.90,%
100.22
2
& Co.I—
Monmouth
Lehman
suant to
an
Beach,
N.
J.
Supervision—Pur¬
100.27
jointly
——^—
Harriman Ripley & Co., Inc., and
100.21
jointlyHallgarten
100.17
—
Goldman, Sachs & Co.,
Gruntal
&
Co.,
&
and
Co.,
jointly
Boston
—
-
•
Corp.——_
Halsey, Stuart & Co., Inc.-—
Blyth & Co., and H. L. Allen &
Co., jointly
——-
R.
100.13
100.10
100.098
W. Pressprich & Co.,
Ingen &
Estabrook &
and B. J.
Co., jointly——
Co.,
-
100.559
York,
and Equitable
100,519
Securities Corp., jointly—
Mercantile
Dec. 4,
100.09
BONDS
1.20%
Union Securities Corp., New
o^er signed by N. J.
the above mu¬
nicipality has been placed under
the jurisdiction of the State Mu¬
nicipal Finance Commission.
The
court acted on the petition of the
municipality itself and, in issuing
on
100.295
jointly
100.10
Supreme Cou^t Justice Joseph B.
Perskie
100.329
.——
Francis
and Lee Higginson
Bros.,
Corp.,
Van
State
and First of
—
Co.,
Pont &
FOR
Under
100.429
Glore, Forgan & Co., and
du
Price
„
Corp., jointly——
Michigan
Barr Bros. & Co
First
follows:
:
Bank,
—.———
Lazard Freres & Co.,
basis of about 1.798%.
were
BONDS
Trust & Savings
Chicago
I.
Dated
1.10%
Bidder
Harris
se¬
independent survey
of Atlantic City's debt position in
1942, which requires
appropriation for bond
31,
principal and interest payments of
not yet been
Boland,
up an
order
total bonded debt of
a
title
recent
Bidder
J.
&
ing set
had
obtain
date
borough
$336,000
The
bondholders.
in
Other bids
oLStifel, NicoCo., investment house of
St. Louis, and Chicago, to work
in the city's interest toward hav¬
laus
extension of the maturity
from
of
of
City officials
1942 and was obliged to
an
more
Bank of Matawan
Atlantic
EnniS,
C.
in
city's general financial con¬
dition has improved remarkably
Farmers
premium
yearly
Beatrice
by
set of conditions than exist
The
Bond
$1,021,696
statement
Dec.
paying
to
in
officials."
annual
ceived the award, bidding 1% and
a
spite of the endeavors of
According
to
a
and
its«
an
was
cured the services
VA%
Minneapolis
Continental National Bank
& Trust Co..Salt Lake
O.
Robert
"Robert Hawkins & Co. of Bos¬
ton
its
meet
due to unusual conditions therein
on
agreed upon.
Debt
Int.
Rate Premium
Bidder
Gov.
ber when the rate of
submitted
bids
conference of the
a
with
Blood in Concord late in Novem¬
10 years, not
ation future
for the issue:
town
by
emy
Co., Portland, on their bid of par
plus a premium of $60 for l%s,
equal to 100.078, a basis of about
1.215%—v. 158, p. 2522—we give
below
special
back the amount of $256,the Phillips-Exeter Acad¬
to
funding bonds to E. M. Adams &
the
Turner, City Comptroller,
to pay
crease
of
Minneapolis
will
be
pledged for the payment thereof.
previous
a
meeting held Nov. 2 the vote was
Frank
Valley County (P. O.
Ryegate), Mont. '
will
money
by retailers. /The
expected to yield $750,000
Golden
1, 1944. Due $248,000
annually on Feb. 1 from 1945 to
name
package of
MONTANA
coupon
Bidder to
cigarette
its
Tax stamps will be
wholesalers and job¬
cigarettes.
affixed by
Dated Feb.
1954 inclusive.
reenacted
has
tax of 2 cents on each
Supreme
Hampshire
was
"At
to
they pointed out that
the
present bond contract was
conceived under a very different
interest
adjourned sine die at
10:50 Monday morning when the
citizens, by a vote of 21 to 3, de¬
cided to accept the bond issue of
the necessary amount, $256,000.
Court,
posed thereafter.
purchase
single rate of interest, expressed
in a multiple of % or one-tenth
of 1%. The bonds may be regis¬
New
the
the
The
worked
However,
until
Votes
Bond
with the
Meeting
Award—In
the vote after
—
city's
exist¬
the
present rate of 3%% and goes up
to 4%% in 1952, and stays there
Exeter, N. H.
charge.
These taxes become de¬
linquent Jan. 1, with a 1% per
month penalty—up to 10 months
—plus a 2% collector's fee im¬
Cigarette Tax Renewed
the
with
of
contract
bond
ing
creases
NEW HAMPSHIRE
,
Said
features
desirable-
Is,
1944.
15,
bidder
highest
unable
unable to meet its bond maturities
ings to the taxpayers.
of
is
the
program
to be undertaken
should, of course, retain the more
awarded to the Overland National
Bank
"municipality
obligations
satisfaction that the
Borough Clerk, the borough was
funding bonds offered for sale on
Dec.
15—v.
158, p. 2407—were
Sale—The
Bond
involving the tax case with Phil¬
receipts during Novem¬
ber totaled
ing benefits to Atlantic City and
taxpayers and they feel that
improved to such an extent
a refunding program can be
accomplished at an interest cost
resulting in very substantial sav¬
the
multiples
of real and last¬
program
a
that it had been established to
be
$500,000 not to exceed 6%
to
plete
is
operations,
Grand Island,
purchase
Real
Estate
Tax
Collections lips-Exeter Academy, which has
in¬ Higher — Attributing increased stretched over period of seven
terest, coupon public relief bonds. collections to improved economic years, including two special town
Dated Feb. 1, 1944. Denomination
conditions, City Collector of Rev¬ meetings and Superior Court liti¬
$1,000. Due $50,000 Feb. 1, 1945 enue Richard E. Gruener reported gation, which was finally left to
4
Jan.
on
a.m.
of
it
order, Justice Perskie stated
his
the
that
has taken place in the city's fiscal
"Gazette" of Dec. 14:
Mo.
This company feels
quite possible to com¬
survey.
the
"Exerter's special town
St. Louis,
the
that
1933.
Supreme Court to direct a rehear¬
ruling
firm has
said
the
engaged Wainwright, Ramsey &
Lancaster, New York municipal
finance consultants, to undertake
follows from the
MISSOURI
sealed and auction bids until 11:00
due.
become
to cash the bond for lack of
Mueller brought
that
uderstand
its
urer
Estimate and Taxation will receive
for
tax to liquidate $15,000
a
past due bonds.
of
opinion
Val¬
control directing the Golden
ley County District Court to in¬
validate a ruling ordering Ryegate
the
apply:
Bids offering an amount less
than par cannot be accepted. De¬
livery will be made in Minne¬
apolis, Chicago, or New York City,
at a national bank acceptable to
the purchaser, any charge made
by such bank for delivery service
following provisions
asked the Montana Supreme
for a writ of supervisory
day
of
of the bonds.
projects of $10,500,000 for
which appropriations were made
in the last two years, however,
of
Court
multiples of % or one-tenth
1% and must be the same for
up
cleus
Town Council of Ryegate
special street .impt. bonds. Dated
Feb. 1, 1944. Due Feb. 1, 1945 to
1954.
Rate of interest to be in
845,284, a gain of slightly more
$5,000,000 over the figure of
the previous year.
The biggest cost increases were
$3,200,000 in salaries and wages
in general operations and $3,000,000 more in the school system.
Capital outlay accounts were
$2,509,774, a decrease of $1,475,-145. Wartime priorities have held
undertakings
Treasurer
and
last Fri¬
Mayor,
day for the purchase of $104,768
not to exceed 5% interest coupon
yielded $41,-
than
and these
"The
the same
bids until 10:00 am. on
Grants and miscellaneous
sources
an
Monday, December 27, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
2626
Commerce
Bank
&
Trust Co., St. Louis and Laurence
M.
C.
Marks & Co
F.
Childs
&
Co.,
100.38
—
Sherwood
&
Mackey, Dunn & Co., and
Newburger, Loeb & Co., jointlySalomon
Bros.
&
Hutzler,
and
100.37
jointly—
100.30
Co.,
Spencer Trask '& Co.,
Port
North
Jervis, N. Y.
other
in
1944.
&
,
1%
—_
Toledo
Cincinnati
have, filed
Ohio
ported
to
crease.
The
the
It
better
was
municipal
Ohio
the
of
As of today our
yield on 20 Ohio
is
1.41%, compared with
last week.
The yield on
the
of
index
bonds
I.42%
Jefferson
and
being-
Wert, Ohio
Bids
Other
of
amount
the
bonds
is
refund
the
as
last year.
improvement bonds awarded
Co., Cin¬
,'
Meadville bank, the fol¬
lowing street paving bonds:
at
Morgan Street 1929, Nos. 486 to
Sunset, Nos. 948 to 951.
Highland Avenue 1940, Nos. 43
Van
that
is reported
Sold—It
;
"
.
..
Wert
.
.
••
.
■
-
Vk'io
,
V/2
$45.00
IV2
37.00
Cincinnati—- 1%
&
Co., Cincinnati— 2
15.15
Toledo
—————
Weil, Roth & Irving Co.,
Cincinnati'—.
...
Pohl
&
Co.,
Provident Savings Bank
Trust
Van
Wert
21.60
Y oungstown,
Council
Feb.
size
1, 1944, at the Chase
New York City.
Bond
Ohio
Reduced—The City
Issue
DAKOTA
i
Linden School District No. 28
:
(P. O. Wing), N. D.
Offering
;
Bond
'Auditor
in
office
Bismarck,
at
bids
until
2
Dec.
27, for the purchase of
refunding bonds.
Dated
Dec. 1, 1943.
Due $1,000 from
Dec. 1, 1946 to 1957, inclusive.
on
$12,000
OHIO
liquidating bonds author¬
edness
the City Council,
it is stated that the issue will be
ized recently by
originally- were 'offered
at an
0.30% yield basis for those due
1944 to a dollar price of 991/4 for
the
to
opening
Others
reduction.
account
Principal and interest
the Cleveland Trust
Co., Cleveland.
Fahey,' Clark
were
158,
city
obliged
was
because
to
cut
fact that the
the
of
of
firm
Squire, Sanders &
Dempsey of Cleveland, advised
officials that the municipality's
law
bonding power had
1943 statutory
been overestimated.
of refunding sanitary sewer
bonds, issue No. 2, and refunding
park bonds, issue No. 1. The bonds
will be purchased at the lowest
17,
Okla.
Plans Election
—
An election is
said to have been called for Jan.
Chickasha
District
School
(P.
O.
Bond
15
Sale—The $8,500
v.
—
Bond
Sale—The
$23,000 school
bonds offered for
20—v. 158, p. 2409—
site
purchase
sale
on
were
Dec.
awarded
C.
to
cinnati,
100.35,
Dated
fire ap¬
158, p. 2409 — were
Inc., Cin¬
l%s, paying a price of
basis of about 1.59%.
1943. Denomina¬
as
a
March 1,
tion
$850. Due $850 March and
Sept. 1, 1944 to 1948. Other bid¬
ders
were:
Price
Int.
Bidder—
Weil
J.
A.
Roth
•
&
White
Irving
&
Co
Co.—
Bid
Rate
1%%
—
100.15
100.18
•
Citizens Nat'l Bank,
Middleport
—
2
the
was
Edgar Hon-
City
%
■
100.11
Oklahoma
National
Kansas City.
Bank & Trust Co.,
awarded to Pohl & Co.,
on
of
Dec. 29, for
10 a.m. on
Dec..
1
Due June
in
Interest
Denomination $1,-
payable J-D.
000.
1943.
1,
as
follows: $35,-
and
1947, $37,000 in 1948 and 1949,
$38,000 in 1950, $39,000 in 1951,
$40,000 in 1952, $41,000 in 1953 to
1956, $42,000 in 1957, and $43,000
000
1945, $36,000 in 1946
1958.
The
bonds
are
optional
redemption on June 1, 1945,
and on any interest payment date
thereafter at par and accrued in¬
and
terest
(State of)
November Revenues Up Slightly
—Tax collections
Commission
of
4.61%
in
by the State Tax
showed an increase
November
over
the
the Com¬
mission reported recently. Total
collections amounted to $4,779,523,
same
month
last
year,
and
of refunding
principal amount of the
outstanding Electric System Rev¬
a
like
enue bonds, Series A, and will be
payable, together with such other
obligations aS may be issued on a
parity undei* the provisions of the
resolutions
gain,
but
the rev¬
authorizing said bonds,
the net
from
described
are
fol¬
as
December 29
665,000
Alexandria, La.
__$
Dated Feb. 10, 1944.
Due May 8, 1945.
Allegheny Co., Pa.:
Fifteenth Series
_____
Series
Sixteenth
Seventeenth Series
__
Eighteenth Series
Dated Feb. 10, 1944.
Due Feb. 6, 1945.
...
778,000
1,000,000
1,000,000
1,000,000
Boston, Mass.:
Forty-Eighth Series.- 2,246,000
Forty-Ninth Series—
770,000
Fiftieth Series
1,000,000
__
Fifty-First Series
____
2,000,000
Fifty-Second Series.. 2,500,000
Fifty-Third Series... 3,000,000
Dated Feb.
10, 1944.
Due Nov. 8, 1944.
Bremerton, Wash.:
Eighth Series
.......
Ninth
Series
Due Feb.
-
892,000
1,000,000
Horn), Texas
Dated Feb.
Due Feb.
,
Viola
Call
Bond
;:
Seventh
granted by Article 720, Re¬
vised Civil Statutes of Texas, 1925,
to redeem the following refund¬
tion
where
terest
and
...
presented
be
......
Austin,
they will be redeemed. In¬
ceases
Treasurer,
on
—
The
Sale
bridge
on
bonds
Antonio
S.
Dated Feb.
21/2s.
as
207,000
......
of¬
Dec. 116—v. 158,
awarded to E.
of San
________
$36,000 road
refunding
1988—were
Emerson
pated Feb. 10, 1944.
Due Nov. 28, 1944.
Glendale, Ariz.
Dated Feb. 10, 1944.
Due Nov, 8, 1944.
McKeesport, Pa.
elate called.
fered for sale
p.
shall
State
._
Series
...
25,000 3x/2% courthouse and jail
bonds, Nos. 1 to 25. Dated Oct.
10, 1938. Denomination $1,000.
Due on Oct. 10, as follows:
$1,000 in 1939, and $2,000 in
bonds
1,000,000
...
1942, $2,000 in 1943 to 1949,
$3,000 in 1950 to 1957.
the
719,000
1,130,000
1,000,000
Fifty-First Series
1,000,000
Fifty-Second Series.. 2,000,000
Fifty-Third Series.... 2,000,000
Fifty-Fourth Series.. 2,000,000
Fifty-Fifth Series
3,000,000
Dated Feb. 10, 1944.
Due Nov, 28, 1944.
Fifty-Sixth Series
670,000
Fifty-Seventh Series. 1,000,000
Fifty-Eighth Series.. 1,000,000
Dated Feb. 10, 1944.
Due Aug. 27, 1945.
Fayette Co., Pa.;
Seventh Series
1,000,000
Eighth Series
1,016,000
Fiftieth
and
to
,
.......
Forty-Ninth Series
$45,000 4%%. road
and bridge
bonds, Nos. 1 to 45.
Dated
April 10, 1934. Denomination
$1,000, Due on April 10, as
follows:
$1,000
in
1936 to
Said
192,000
Detroit, Mich.:
ing bonds as of Feb. 1, 1944:
-
6, 1944.
Series
Eighth Series
Dated Feb. 10, 1944,
Due Aug. 6, 1945.
the county has
:
_________
10, 1944.
Decatur, 111.:
Spencer,
Treasurer, reports that
exercised the op¬
County
10, 1944.
6, 1945.
Conway, Ark.
(P. O. Van
1,015,000
10, 1944.
Due
Aug. 7, 1945.
:i
Mesa, Ark.' __.1t/2__i:__.
234,000
Dated Feb. 10,'1944. '
1949
inclusive, and $3,000 from
Due Nov. 8, 1944.'
1950 to 1957 inclusive.
The next
New York, N. Y.:
highest bidder was Robert MclnFirst Series
300,000
tyre Co., for 21/2s.
Second Series
300,000
Third Series
315,000
Guadalupe County (P. O. Sequin),
Fourth Series
400,000
Texas
Fifth Series
400,000
Bond Call
W. E. Borgfeld,
Sixth Series
500,000
County Treasurer, reports that
Dated Feb. 10, 1944.
the County calls for payment on
Due Aug.,1, 1944.
Feb. 1, 1944, road and bridge re¬
Norfolk, Va.:
funding 4% bonds dated April 10,
Eleventh Series840,000
1935, numbered 1 to 50, in de¬
Twelfth Series
1,000,000
nomination of $1,000 and matur¬
Dated Feb. 10, 1944.
ing $3,000 April 10, 1936 to 1945,
Due May 8, 1945.
and $4,000 April 10, 1945 to 1950.
Orlando, Fla.
378,000
The bonds shall be presented to
Dated Feb. 10, 1944.
the First National Bank of Sequin
Due Nov. 28, 1944.
on said
date where they will be
South San Francisco, Cal
190,000
redeemed at par and accrued in¬
Dated Feb. 17, 1944.
terest.
f(
•
Due Aug. 28, 1944.
.-J q
''
Washington Co., Pa
Mason County (P. O. Mason),
810,000
Dated Feb. 17, 1944.
Texas
Due Nov. 28, 1944.
Bonds Voted
It is reported
On January 6
that the voters approved recently
334,000
the
issuance
of $75,000
airport Asbury Park, N. J
Dated Feb. 17, 1944.
bonds by a wide margin.
Due Aug. 7, 1945.
Moody, Texas
Chester, Pa.:
Interest payable
10
as
Due April
from 1944 to
A-O.
follows: $2,000
.
________
—
be
to
revenues
de¬
______
■
.
rived
from
the
operation of the
City's electric distribution system.
The City will furnish the approv¬
ing opinion of Chapman & Cutler
of Chicago, and all bids must be
so
conditioned.
than
par
bid
No
for
less
and accrued interest to
598,321, an increase of 2.68% over
the same period last year.
for
to
per bond thereafter and
including June 1, 1954. Is¬
sued for the purpose
arette and tobacco license and tax
continued
per
$10
June
increase of
lections for the fiscal year
issues
lows:
_
bond thereafter
and including June 1, 1950,
$20
1948,
$210,685. Total col¬
begin¬
ning July 1, amounted to $26,The overall collection of cig¬
an
premiums of $25 per
and including June
1,
to
6, of a total of $89,220,000
temporary loan notes.
their
The
total¬
bonds
revenue
States
Local Housing Authorities
purchase on Dec. 29, and
Jan.
of
up
Bond
Dated
to and
Chickasha), Okla.
paratus bonds offered for sale on
Dec.
group of City
agreed to rec¬
Culberson County
A bonds.
and to
bidder
Middleport, Ohio
sealed
purchase of $547,000 electric
bond
the
exceeding
not
the
18, to submit to the voters an is¬
of
$5,000 water extension
face nold, of Oklahoma City, as 1 Yts.
value of funds available for the Due $3,000 in- 1946 and $2,000 in
1947 to 1956.
The next; highest
•purchase of said bonds.
'price,
until
bids
the
for
1940 to 1951.
receive
will
Clerk,
for
sealed tenders until noon on Jan.
:
by 31
TEXAS
Randolph,
Offering—Pat
Bond
City
in
OKLAHOMA
Cement,
Village Clerk, will receive
man,
TENNESSEE
Cleveland, Tenn.
system revenue refunding, Series
2523.
p.
1963.
maturing
bonds.
Tenders Invited—John Zimmer¬
'
those
&
sue
Geneva-on-the-Lake, Ohio
issuance
The bonds
in November.
cession
in, the
Cleveland, and Stranahan,
Harris & Co., Inc., Toledo.
The
city offered the $200,000 street
issue along with $175,000 garbage
disposal plant bonds, and the re¬
sult of the offering was given in
Dec. 1, 1943.
Due Dec. 1,
subject to call at par and
■accrued interest on Dec. 1, 1944.
One bond for $900, and the others
payable' at
a
have
Bradford, member of the Electric
Power Board, reported that some
$2,300,000 probably would be re¬
quired to Obtain the gas facilities
and put them
under municipal
operation.
The suburban water
works
bill, under consideration
by the City Council, calls for the
made to
was
headed
by ... McPonaldCoolidge & Co., Cleveland, which
submitted the high bid of 101.32
for the bonds as 13/4S, has agreed
1953;
$500 each,
Bonds—We
ordinance
authorizing the issuance of bonds
totaling more than $5,000,000, for
the purchase by the city of the
Nashville Gas and Heating Com¬
pany's facilities, and three subur¬
ban water works systems.
J. C.
market, which resulted from a re¬
voted
street
'dated
•
apparently
isue, which was awarded on Dec.
II, from $200,000 to $136,000. The
sue
tion with the $5,400 2Vz% indebt¬
that
Councilmen
jail
Housing Authority
Temporary Loan Note Offering
—Sealed bids will be
received
•
The
Euclid, Ohio
understand
out¬
and
Public
On
Nashville, Tenn.
bring prices of the bonds in closer
has
the
down the amount of the street is¬
Bond Issue Details—In connec¬
bonds, payable to the City
Treasurer.
relation to the lower level of the
v.
v;V/'
were reduced, $339,000 of
original issue remained in the
of the syndicate account
which made the offering. The re¬
prices
his- Co.,
p.m.
mar¬
At the time the
bond
to
The County
—
receive
will
the giving of proper
notice of redemption by the City.
Enclose a certified check for 2%
Authorize
$114,000
courthouse
United
upon
to
consider
will
refunding
Federal
of
Plan
Jan. 10, the Com¬
Court
UNITED STATES
the escrowed funds until that date
and
on
bonds.
Chapman & Cutler,
will until June 1, 1944, be con¬
ditioned upon proper retention of
opinion
for
standing
delivery of the Refunding bonds.
The
aforementioned
approving
a new
reduce the
of
group
NORTH
1944, will be escrowed with the
paying agent for the outstanding
bonds
simultaneously
with the
points
offered in the
14.
Oct.
duction
bids
recently in the prices
were
on
and
meeting
Dated Feb.
basis
10
hands
Clerk, reports that 3*% interest
funding bonds, dated Feb. 1, 1939,
in the amount of $9,340, and due
National Bank,
of
the
Par
C. Allison, Town
1, 1969, are called for pay¬
which
missioners'
to $3,000,000 for the acqui¬
sition of certain water systems.
$1,000,000 1.10% bonds,
from
1944
to
1963,
maturing
lar
deposit adequate to pay
redemption premiums
accrued interest to June 1,
Dumas), Tex.
Bids Wanted—At its next regu¬
make the
ing
remaining bonds of
of
issue
ket
2
_______——
—
made
of the
Moore County (P. O.
to
Reduction Effected
Price
reduction
was
Par
Peoples Savings Bank,
Sylva, N. C:
Bond Call—R.
ment on Feb.
Bank--
National
Interest
$100.
date called.
on
Pittsburgh, Pa.
Premium
Rate
Bidder
Notes
Denomination
ceases
—A
Ryan, Sutherland & Co.,
$25,000 revenue notes were pur¬
chased recently by the First Na•tional Bank of Winston-Salem.
to 48.
Bond
Int.
Burlington, N. C.
any
Lincoln Avenue, Nos. 278 to 283.
2523.
p.
CAROLINA
NORTH
Schade,
City Treasurer, calls for payment
Jan, 1, 1944, at her office, or
are
cinnati, as IV4S, at par plus a
premium of $32.59, equal to 100.27,
a
basis of about 1.201%—v. 158,
city
same
Bern ice
—
on
Dec. 15 to J. A. White &
000
Call
Bond
sufficient
ommend for passage an
217.
Following
—
State
The
r~
502...,
North Main Street, Nos. 216 and
1.59%, respectively.
Van
Approved
with
together
principal,
of the
Township, Pa.
Meadville, Pa.
bonds remain
$980,000.
to
will
tax
Department ,of Internal Affairs
approved recently the issuance of
$50,000 1 l/z % bonds to construct
sewers and improve roads.
other bids submitted for the $12,-
The
$56,344.
PENNSYLVANIA
high grade and 10 lower grade
unchanged at 1.24%
10
.
seeks
collection
was
the
estimated
was
the
during
compelled to make bond payments
year
amounting to about
<
months
five
Bonds
change in prices.
approve
next
"juke box" tax
the
yield $150,000 a year. It is now
being attacked in court on the
question of constitutionality.
(State of)
week, but the influence of
holidays resulted
in xlittle
past
Troy's application for the refund¬
ing would greatly increase the
city tax rate, which under the
tentative city budget would be
reduced by 70 cents per thousand.
It would result in the city
on
market
of $400,000 mu¬
official
State
the
and
increase,
36.80
Co./Cincinnati, re¬
Dec. 22 the following:
tone
The
nicipal bonds falling due. Failure
of
continued
income, tax for
the period was up 19.21%. Gross
production tax was one of the big
revenue
sources
showing a de¬
to
17,00
J. A. White &
/State Comptroller Frank C. Moore
for the refunding
1%
'
-■
Bond Market Tone Improved—
officials are said to
an
application with
Filed—City
151.00
&
Co., Cincinnati—— 2
Trust
Application
Refunding
collections
tax
Weil, Roth & Irving Co.,
Troy, N. Y.
Bond
Sales
Provident Savings Bank
in
$30,000 in 1949, $32,000
1950, and $36,100 in 1951.
1948,
172.00
1%
—
Sutherland & Co.,
Ryan,
approving the issuance of
$103,100 refunding bonds, to take
up. bonds maturing in the fiscal
year beginning Jan. 1, 1944. Due
on
Jan.
1
as
follows: $5,000 in
15
$191.00
1%%
—a——
Cleveland
troller's office issued an order on
;
funds
for
Co.,
Clant & Co.,
Fahey,
Comptroller, that the State Comp¬
Dec.
bonds,
additional
Rate Premium
White
A.
Cincinnati
State
Deputy
Keengott,
Columbus, as
Bidder
J.
ing Bonds—It is reported by Ed¬
B.
of
Co.
refunding
products
tobacco
from
Int.
Refund¬
Comptroller Approves
awarded Dec.
at par and a premium of
$40, equal to 100.25, a basis of
about 1.47%—v. 158, p. 2523. v
*
.
bonds
Ohio
to
are
iy2s,
Poughkeepsie, N. Y.
win
sewer
15
ler Frank C. Moore for permission
to refund $50,000 in bonds that
mature
the
bids for the $16,000 storm
water
Sought—City officials are said to
appealed to State Comptrol¬
have
de¬
creased, reflecting increase in use
of cigarettes.
enue
Ohio
Cantori,
Other Bids—Following
Authority
Refunding
Bond
2627
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4241
158
Volume
The
the
1,
1944,
bonds
to
proceeds
scribed
bonds
will
be
of
be
the
—
accepted.
Bond Sale—An issue of $15,000
with
refunding revenue bonds
has been purchased by R. A. Un¬
refunded
have
■
above
been
de¬
palled
redemption on June 1, 1944.
The proceeds of the sale of the
sewer
derwood
Oct.
&
Co.
of
Dallas.
Dated
1, 1943.
Legality approved
by John D. McCall, of Dallas.
Nineteenth
Series
1,000,000
1,157,000
1,500,000
Twenty-Second Series 1,500,000
Dated Feb. 10, 1944.
...
Twentieth Series
Twenty-First Series._
Due Nov.
28, 1944.
Chicago, 111.:
|
Forty-Seventh Series500,000
Forty-Eighth Series.600,000
Forty-Ninth Series
1,000,000
Fiftieth Series
2,000,000
Fifty-First Series
4,000,000
Dated Feb. 17, 1944.
Due Aug. 1, 1944.
Fifty-Second Series._
450,000
Fifty-Third Series...
500,000
Fifty-Fourth Series.. 1,000,000
Fifty-Fifth Series
2,000,000
Fifty-Sixth Series
3,000,000
Fifty-Seventh Series. 3,000,000
Dated Feb. 10,1944.
Due Feb. 27, 1945.
Contra Costa Co., Cal.—
943,000
Dated Feb. 17, 1944.
Due Feb. 27, 1945.
Fort Smith, Ark.——
710,000
Dated Feb. 17, 1944.
Due Feb. 27, 1945. .
Galveston, Tex.
990,000
Dated Feb. 17, 1944.
California 4 to
$358,000 East Bay Mu¬
nicipal Utility District, 5s of 1955/77; $802,000 Golden Gate Bridge
and Highway District 3%s
and
4%s of 1950-71; $175,000 Long
Beach 4 to 5% bonds of 1956-65;
1951-65;
$602,000 Los Ari'igeles 4 to 514%
obligations of 1945-69; $40,000 Los
Angeles County flood control 5s
of 1952 and 1960; $750,000 Metro¬
..
..
politan Water District 4s of 195186; $90,000 Oakland 5s of 1956-62;
$100,000 San Diego- 4)4 to 5%
securities of 1946-65; $43,000 San
1,500,000
Dated Feb.
17, 1944.
7, 1945.
Diego County 2 34s of 1944
of 1956-59;
172,000
National Bank
of
Portland also submitted the high
455,000
$180,000 Washington Sub¬
urban Sanitary District, MdM 2%
bids
578,000
61.
485,000
Ala. —
Dated Feb. 17, 1944.
Due Aug. 27, 1945.
203,000
Cal.:
Thirteenth Series
Fourteenth
Sixteenth
Series
—
Series
Seventeenth
....
Series
Eighteenth Series
Nineteenth
Series
1,000,000
1,500,000
2,000,000
2,000,000
...
___
Kenosha County (P.
Wis.
Ninth Series
Dated
Due
Feb.
O. Kenosha),
nomination.
of debentures which
for notation thereon of such pay¬
ment of interest at any
Imperial Bank of Canada in
at the
Bank of the Manhattan Company
Large Post-War Program
ish Columbia will be able to sup¬
ply
830,000
500,
are
on
Interest will cease
Aug. 30, 1938.
—720,000
on
date called.
17, 1944.
Wisconsin
mitted—It
(State
of)
without borrowing funds or
according to Pre¬
gram
mier John Hart.
20
were
M. Smith, State Treas¬
that November receipts from
all sources totaled $18,029,493, and
disbursements, $9,598,693, bring¬
ing balances on hand in all funds
to $33,095,518, as of Dec. 1, com¬
pared with $24,664,718, a month
earlier,
both
figures
excluding
holdings in Federal Government
obligations.
to
Zion's Savings Bank & Trust
Co.,
of Salt Lake City, at 0.56%, it is
reported
by
Ethel
Macdonald,
Recorded
City
Due
Jan.
on
1,
1945.
WASHINGTON
Seattle, Wash.
Offering—W. C. Thomas,
Comptroller,
will
receive
sealed
bids
until
11
Jan.
a.m.
with
2 to
nounced
tions
Due in from
In connection with
15 years.
offering, it
the
City
was
Council
been
in
liquor
November
tax
collec¬
amounted
to
a
.
year
collections
con¬
while
ago,
were
cigarette
$384,569,
tax
as
For the first
liquor tax
collections
totaled
$3,006,565,
compared, with $5,114,998 a year
ago,
while cigarette taxes col¬
lected
amounted
to
$3,769,914,
compared with $3,664,420.
against
sidering the question of obtaining
an approving
legal opinion on the
11
issue from local attorneys, instead
cf from the New York
municipal
law firm that customarily passes
on the
validity of all of the city's
financing.
$287,735.
months
this
year,
than any other
more
Awarded
—
The
First
National
securities
that
were
put
ALBERTA
spite
for sale by the finance committee
of the State of Washington.
The
liquidation by the State embraced
of
and the annual interest on
the in¬
A surplus
,
working
on
*
Government
Provincial
The
is
the- assumption that,
regardless of the savings effected
now, the end of the war will crea
need for vast expenditures on
reestablishment of industry and
service
(Province of)
Payment Announced—
The holders of debentures of the
Province,
above
I
July
1,
1943,
are
which
matured
being advised
Government
The
has
already
for a $210 mil¬
building program, but
is required to
road
lions
assistance
Federal
that
carry
completion.
to
The
also offered exten¬
has
Province
to soldiers on
the understanding that Ottawa as¬
sists in the financing under the
sive
farm
acreage
Veterans Act.
made
for subsidizing industrial research,
notably in the woods and mines
Plans
are
already
being
$33,617,434. In¬
collections
customs-excise
while
$87,127,484,
gain of
a
$16,172,592.
and
duties
$15,407,542, increase
$3,955,829; excise taxes $57,812,492; increase $14,361,543; excise
duties $13,848,744,
decrease $2,157,276; sundry collection $58,706,
increase
$12,496.
Canada (Dominion of)
Debt
Greatly
Months—A
Increased in Re¬
Canadian Press
follows
on
Treasury
12:
Dec.
reports.
The
Federal
of
Canada
$35,284.
Arrears of interest
totalling $1,100,000 to the end of
1942 will be wiped out,
Interest rate
is
to
the
on
bonds
new
2V4%, while the old rate, prior
default, varied from 514%; to
7%.
three separate school
defaulted in 1932 and 1933.
The
boards
1945
and
there¬
plan, the
$77,100 for
every
year
after for the life of the
raise
must
trustees
debt purposes,
and to enable them
so, one mill will be added
the separate school rate.
At
do
to
to
the
present
Windsor
separate
mills while
16
rate, is
the
public school rate is 1214 mills.
of the current fiscal year income
reached
collections
QUEBEC
$1,069,-
931,151 against $911,981,491, a net
gain of $157,949,660, while cus¬
toms
excise
revenue
tdtaled
Levis, Que.
Price Paid—The City Treasurer
$603,729,071 compared with $485,161,408, an increase' of $118,567,663.
$184,900 314%
semi-annual refunding bonds sold
to
Laquex & des Rochers of Mon¬
158,. p.
as noted here—v.
2524—were purchased at
treal,
detail:
465,
taxes
$112,047,-
duties
customs
in
collections
Customs-excise
'
857.
:
/ ;
•
Details—In
&
(not $327,682), 2y4% semi-annual
refunding improvement bonds to
Harrison
& Co. of Toronto, as
158,
stated by the City Treasurer
the bonds
were
back
sold at
a
municipal reorganization and set¬
Township,
Weyburn, after some
six years of default, has offered
debenture-holders
$115 flat for
extra
face
Dec.
11-
value
tical
that
Seen
Post"
result
of
holders,
accumulation
onerous
half surrendered would
of
is
than it appears, since
redeeming
debt
its
should
have
have
found itself unable to make
considerably lighter
of interest in full.
the
good
burden
,.
of Swift Current, whiclr
paying 2y2.% interest on
City
has been
its
wartime
was
which
nominal market
for Teck bonds is 70 bid, 90 of¬
fered, very little, if any trading
has taken place since default.
an
expired in
at
that
rate
agree¬
1942 but
will con¬
continued this year,
tinue
the
under
debentures
ment
shortages.
under
the
re¬
plan which extends
the maturity of its debt another
35 years.
Under the plan new
annuity bonds will
be issued,
combining principal and interest
payments at a flat rate to 1978.
Town of Melville, after 10 years
organization
under
Now
concession
the
interest
the
high rates
anyway. But there has been some
criticism that a city capable of
gold mining restrictions and man¬
power
prac¬
been taxable at present
of
March 1, 1943, may
a
as
For
the
—
record in rapid
culties
repays
accumulation,
less
reorganiza¬
tions. Holding within its bound¬
aries the greatest of the Kirkland
Lake gold producers, the town¬
ship has run into temporary diffi¬
a
the $15
the $100
about half the
purposes
vate
reported as follows:
default since
cases
above
the city is now
completely free of debt. For pri¬
Township of Teck, Ont., in
The
In most
payment
interest
Ont*
"Financial
Toronto
debentures,,, that sum to
principal and accumulation
cover
of interest.
price of
Reorganization
Speedy
v
■
of
City
half
Teck
sounder financial foot¬
a
tlements:
99.00.
The
on
Here is the roster of recent
ing.
2524—it is
p.
of
and
their
connec¬
tion with the sale of the $237,682
noted here—v.
nicipal Defaults—Growing pros¬
put that province's municipalities
Harrison
Niagara Falls, Ont.
Sale
of)
(Province
Prairie Town Cleaning Up Mu¬
Saskatchewan agricul¬
industry is reflected in
the rapid strides being taken to
Co.,
of
Toronto,
are
offering
$270,000 3% and 3*4% refunding
bonds. Due Dec. 31, 1944 to 1958;
callable at par in reverse order
of maturity.
•
Bond
.SASKATCHEWAN
r
ture
Kingsville, Ont.
—
V
Saskatchewan
perity
ONTARIO
Offered
price
a
of 99.58.
increase $32,013,834; excise
$396,998,462, increase $88,-
914,139; excise duties $94,190,313,
decrease $2,427,166;
sundry col¬
lections
$492,831, increase $66,-
set
states that the
now
supervision by the
of Municipal
Affairs at its own request, rein¬
Government, during the first eight statement of Teck's $1.3 million
months of the present fiscal year, debt is
regarded as a relatively
spent $1,368,381,598 more than it simple matter of extending ma¬
received in revenues other than turities.
It
is
thought possible
borrowing, the Comptroller of the that reorganization may be com¬
dispatch from Ottawa reported as
Bank
of
school
eight months
the first
During
and
Provincial
the
Windsor, Sand¬
prior to
a loan from
East Windsor,
amalgamation,
In
The latter collections were: cus¬
toms
of
boards
school
$117,631,-
$17,444,842,
of
increase
an
Although
industries.
Ontario Department
in
default, during which time 1%
has been paid on its
bonds, now plans to start paying
annually
3%
on
a
25 years.
debt that is to run for
The plan has still to get
,*
pleted within a year of default, approval from individual bond¬
rivaling or perhaps bettering the holders.
Town
of
Kerrobert
plans to
receipts were $1,752,456,426, and reorganization
of
Collingwood,
total expenditures $3,120,838,024. Ont.,' which
was
completed iri cancel interest arrears to the end
The corresponding figures for the less than 12 months.
^
of 1943, then pay bondholders one
From'April
1
tp Nov. 30 total
period of 1942-43 were $1,-
Windsor Separate
Ont.
Bond
$1,247,765,708.
expenditures
during
the
eight
months
this year
were
$2,242,645,240, compared with $1,424,215,823 in 1942-43.
In addi¬
tion, mutual aid expenditures this
year
amounted to $450,476,788.
27 separate blocks of bonds, of! that Provincial
Treasurer S. E.! The comparable exnenditure in
which 24 amounting to
$4,897,000 Low will pay interest at the rate' 1942-43 under the "gift-to-Brit¬
during November, 1942,
tax accounted for
come
was
$171,141,373
against
increase of
net
men.
announced plans
War
Alberta
Interest
up
a
revenues
branches
three
$204,758,807,
Bonds
the fact that the
province borrowed $40 millions to
finance unemployment relief, the
debt is lower than it was in 1933
In
tions of
Portland, Ore., submitted
highest bid on Dec. 9 for $4,810,000 of the $5,452,000 of vari¬
the
November
the
province in
455,211,039 and $2,703,976,747 — a
deficit on the eight months' opera¬
Bank of
ous
an¬
Victory Bonds.
same
Washington (State of)
Municipal
Bonds
Various
on
market since the begin¬
ning of the year.
Bonded indebtedness represents
debentures issued by the separate
wich
amounting to some $6 millions.
British Columbia has invested
cent
$392,872, compared with $323,969
reported that
had
recently
surplus over expendi¬
the
current
year
a
for
tures
totaling
,
Wisconsin's
obligation
1, 1944.
the
receipts
058,849.
$2,795,000 gen¬
refunding bonds.
Dated Mar.
November
$14,696,213 and disbursements $6,-
12
for the purchase of
eral
general fund had a balance
The
of $22,659,525 on Dec. 1, compared
with $14,022,161 a month earlier,
Bond
City
reported recently
was
urer,
tax
for
awarded
;
Government
The
returned
by John
Salt Lake City, Utah
Dec.
$20
mier John Hart.
being called for
Feb. 1, 1944, at the
County Treasurer's office.
Dated
'
on
to
millions for its rehabilitation pro¬
Encouraging Fund Report Sub¬
anticipation
millions
$15
from
in 1943 amounting to
$10 millions is predicted by Pre¬
to
the open
-
(Province of)
Fore¬
seen—When the war is over Brit¬
Columbia
British
bonds, Series of 1938, being Nos.
UTAH
sale
COLUMBIA
BRITISH
the equivalent
of the board's bonds purchased on
$276,-
was
and
retained
be
being
cancelled,
<
During
from
tax
City of New York.
in the
thus
increase
The
517,324.
will
$88,146.59
Dec. 8.
the
the Dominion of Canada, or
million from that of ten years ago,
payment
$1,250,000
..bonds
offered
branch of
John
301
Sale-—The
on
their debentures
of
presentation
paid
announced
Gibson
Minister
amounted to
will be
the first
of the fiscal year
which began last April 1, com¬
pared with $1,397,142,898 in the
same period of
1924-43, Revenue
1, 1944, being at the rate of
$13.75, $6.88 and $1.38, respec¬
above
excise
000,000 at a reduced rate of inter¬
est over a 40-year period.
The trustees will issue $2',100,000 in new debentures of which
months
eight
332,
described
customs,
in
and income taxes during
1, 1939, at the rate of 23/4%
in respect of the half-year ending
tively, for each $1,000, $500 and
$100 denomination.
Holders of the last two issues
Sharply—
treasury
collected
$1,673,660,222
Jan.
Jan.
plan approved by the Ontario
Municipal Board. The plan pro¬
vides for the repayment of $2,-
Up
Again
federal
The
collected
hold¬
matured
Interest will also be paid
Niederprim, County Clerk, that
certain county corporate purpose
May 8, 1945.
Bond
of
debtedness has been reduced $1.7
Bond Call—It is stated by
279,000
1,000,000
—
paid on presen¬
C.
Dated Feb. 10, 1944.
Due Feb. 6, 1945.
Seattle, Wash.:
Eighth Series
They were em¬
a
WISCONSIN
754,000
Series
Fifteenth
mu¬
$12,773,683 liquida¬
tion operation by the State back
on Sept. 1.
The State at that time
accepted the high bids on some
$7,000,000 of the obligations, and
rejected offers on the $5,452,000
put up for sale today,
in
braced
1944.
1944.
Montgomery,
$5,452,000 of bonds
nicipal dealers.
368,000
l
Holders will be
issuing bonds,
before were offered to
once
/
Miss.
'
The total of
1
1,000,000
.
Dated Feb. 17,
San Francisco,
bonds, due 1954-70, and
4V2%
to
$375,000 City of Detroit, 2% to
51/2% obligations, maturing 1944-
17, 1944.
Due Nov. 28, 1944.
Due Nov. 8,
on
legislation was $908,928,633.
expenses
increased
$349,946,816 in the eight
months of 1942-43 to $402,952,207.
Non-war
from
Revenue
tation of their debentures for no¬
ers
ain"
'
denomination.
5% bonds of 1951-70.
First
The
Dated Feb.
Meridian,
and 5s
and $920,000 San Fran¬
cisco 214 to
—
Series
included
land
Thirty-Fourth Series.
225,000
Thirty-Fifth Series
250,000
Thirty-Sixth Series
250,000
Thirty-Seventh Series
500,000
Thirty-Eighth Series. 1,000,000
Thirty-Ninth Series
1,000,000
Fortieth Series
1,500,000
Ninth
of Port¬
$375,000 State of
4 *4% bonds, due
First National Bank
the
Jersey City, N. J.:
—
ending Jan. 1, 1944, at the
rate of $12.50 and $6,25, respec¬
tively for each $1,000 and $500
block
interest at any branch of the Im¬
of $350,000
Metropolitan Water
District
of Southern California perial Bank of Canada in the
Dominion of Canada, or at the
4y4s of 1966-71. R.W. Pressprich
office of Lloyds Bank, Limited,
& Co., was reported to have en¬
in London, England.
tered the best offers for blocks of
Interest
will also be paid to
$151,100 State of California 4y4s
holders of debentures which ma¬
of 1951-56 and $141,000 California
tured July 1, 1942, at the rate of
43/4s of 1960-62.
21/4%, in respect to the half-year
The California securities under¬
ending Jan. 1, 1944, being at the
stood to have been purchased by
rate of $11.25 for each $1,000 de¬
—
King Co., Wash.
Dated Feb. 17, 1944.
Due Feb. 27, 1945.
Long Branch, N. J
Dated Feb. 17, 1944.
Due Nov. 8, 1944.
Madison Co., 111.
Dated Feb. 17, 1944.
Due Nov. 28, 1944. >
Memphis, Tenn.:
Eighth Series
half-
of the
respect
214%' in
tation thereon of such payment
submitted the high bid on a
Due Nov. 8, 1944.
Due Aug.
Se¬
Se¬
National Bank of
attle, Wash., which included Weeden & Co., Inc., Blyth & Co., Inc.,
and Harriman Ripley & Co., Inc.,
*
..
of
year
headed by the
account
An
...
Series
municipalities.
attle-First
..
Forty-First
those of the State of Califor¬
are
nia and its
Monday, December 27, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2628
Date—In
Exchange
as
Post,"
third
At
An
of
Early
years
18, the
to
principal
exchange of 2,684 individual de¬
the
refunding
in cash,
be repaid over 20
without interest.
ment for Gragon
follows:
District,
exchange agent will be ap¬
pointed soon by the Windsor Sep¬
arate School Board to handle the
under
their
Negotiations for plans of settle¬
Toronto,
An
bentures
of
the balance
its issue of Dec.
"Financial
noted
School Board,
Regina,
completion.
Separate School
are
now
Reorganizations
near
for
Prince Albert and Moose Jaw are
1
still
in the
discussion stage.
@FedFRASER