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ins. 4 .* rN», 1 - ^'v.:^T U ES D A Y -;:'. Stock and Bond Sales DAILY New York Stock «» WEEKLY - DEC S 0 1941 .... Exchange YEARLY - NOTICE—Cash and deferred delivery sales are disregarded In the day's range, unless they are the only transactions of the day.- No account Is taken of s«eh sales in computing the for range the II " . i ■ U. S. Government Securities Below furnish we ' ■ , on ■ .. „ .. , the New York Stock Corporation coupon bonds on the New York Stock Exchange during the current week. Figures after decimal paint represent one or more 32d of 20 Daily Record of U. S. Fond Prices Dec. a Dec. 22 Dec. 23 Dec. 24 Dec. 25 Dec. 26 Also In This Issue Slate and City News Corporation News QUOTATIONS New York Curb Exchange Daily Record of XJ. 8. Bond Prices Dec. 20 Dec. 22 Dec. 23 Dec. 24 Dec. 25 Dec. 26 (High (Low. 116.10 116.10 115.30 116.10 (Low. 106.7 (Close 115.30 (Close 106.7 Total sales in SI ,000 units... 5 3 Total sales In SI,000 units... (High 108.22 -( Low. 108.22 Treasuiy 4^8,1047-52.--* 115.30 Treasury 106.7 (High 2Ms, 1950-52-.— 104.5 /High 2Ms, 1952-54..— -Low. 101.5 (Close 108.22 (Close 104.5 Total sales in $1 ,000 unto... ♦I Total sales in SI.000 units... 4a, 1044-54.. !v (High (High (Low. (Close 2Mb, 1956-58—,——Low. 102.26 Total sales in $1 ,000 units... Total sales in SI ,000 units... Out-of-Town Listed Markets 102.26 3 lis, 1946-56—. -V',: (Close (High ( Low. 1 100.3 (High ■, Miscellaneous : 102.26 * 100.4 100 100.1 (See Index Back Page) 100 100 Low. 100.3 109.4 100 100 (Close (Close 100.3 100.4 100 100 Total sales in SI .000 units... Total sales in $1,000 units... (High (High 3 lis, 3 lis. 1943-47 1943-45 3 lis, 1 Low. (Close _ 2Jis, 1951-53 $1 105.10 105.6 105.3 105.10 105.8 105.2 105.3 105.10 105.8 105.2 105.3 000 units... 1 SI Total sales in v/-,: Cv; 3 ■ (Close .. Total sales in $1,000 units... 38. 1946-48 \ 000 units... "v 'V: \ Close 107.26 SI ,000 units... ;T 1 107.26 V- 110.10 110.10 2 lis, units... 1 Low. |1 ,000 109.6 109.0 units... 6,925,000 8,638,000 462,000 595,000 633,000 700,000 172,000 8,334,000 $33,378,000 $2,732,000 $284,000 $36,394,000 Week Ended Dec. 20 100.9 Exchange 1941 - S. 1951-54- Federal i Mortgage 3Ms. 1944-64... a, ijLow. ' 104.21 $284,000 $354,000 2,732,000 33,378,000 3,356,000 34.388,000 $19,288,000 160,004,000 1,889,639,000 $38,613,000 213,754,000 1,391,622,000 $36,394,000 $38,098,000 $2,068,931,000 $1,643,989,000 104.15 Total sales in $1,000 units... *1 3 Stock and Bond Averages > 104.15 104.21 v (High . 3s, 194247 Below as .Low. compiled by Dow, Jones & Co.: Close 109.22 109.17 109.9 109.22 109.17 109.9 (Close 109.22 109.17 109.9 5 2 :'* Low. 10 I OlOSC "•/ .. Home Owners'Loan (High 'otal sates in $1 ,000 units... 104.17 104.17 104.15 104.17 104.15 2 4 110.14 109.19 110.14 109.19 'Close 110.14 109.19 $1 ,000 units... 4 8 (High 105.27 9,1945....— .——(Low. 105.27 (Close 100.29 (Close 100.29 Total sales in $1,000 units... Total 10 First Second 10 65 Indus- Grade Grade Utili¬ 40 roads stocks trials Rails Rails ties Bonds ties 13.52 35.85 106.10 90.13 46.05 Total 87.62 Dec. 20. 107.81 24.66 Dec. 22. 106.59 24.38 13.55 35.48 90.44 45.93 108.11 87.59 Dec. 23. 106.34 24.46 13.06 35.47 105.75 90.03 45.75 108.03 87.39 106.67 24.56 13.79 35.61 105.58 89.86 45.80 107.99 87.31 H OL1DA Y holiiday Dec. 25. 13.56 24.38 108.95 Dec. 26. *1 105.86 35.57 105.44 89.60 45.84 107.95 87.21 I Close Total sales in $1,000 units NEW YORK BOND RECORD .. High B, * Low. 1948 Odd-lot sale3. t Deferred delivery sale, BONDS B, Note—The High Low. Close 1949-53 bonds. above table includes only Transactions in registered bonds No sales. sale coupon ho EXCHANGE N, Y. STOCK of Week Ended Dec. 26 - - - - -- -- --1947-1952 .1944-1954 —.. Treasury 3M8.--.-v. Treasury 3 Ms * - - i -—- Treasury 3 Ms Treasury 3Ms NEW YORK STOCK RECORD for Saturday Monday Dec. Dec. 20 — * Treasury 3s Tuesday Wednesday Thursday 22 Dec. 23 Dec. 24 Dec. 25 share $ per share $ per share $ per share 1 the Friday Dec. STOCKS NEW YORK STOCKS 26 Range for Preeiout $ per S per Shares Treasury 3s Treasury 2Ms.' Lowest :v-'. Par Highest $ per share $ per share Lowest Highest $ per share $ per share Treasury 2Ms Treasury 2Ms Treasury 2Ms Treasury 2Ms..--_ 47 47% 48% 48% 48% l()86i610812 *l08%el08% 37% 37% *32% 37 46 47 46% 46% 6% 6% 6<8 6% 18% 181 ♦lfilj 19 10 10 9% 10 35% 37% 37% 37% 'l6 *—- 1% *— ,316 % 2 100 1% *— 4 4 % 3% 3% 3% 3% % :■ ,*12 535 13 *12 6% *18% 934 35% *%2 3 * 65 65 47% 46% 47 108% 108% *108%el09 37% 37% *32 36% *46% 48% 46% 47% * 4% 3% 13 For footnotes see 6% 19 £1734 2934 36% 10 36®4 % % 65 "ia4 2 100 6% 3% 3% 12% page *32 -V4 3% 12% 1714. 1% *— v Closed-— 1% 4 3% 3% %2 12 *108%6109 47% 6% 36% 47% 6% ■■■• 18 Abbott Laboratories...No par 46 Feb 21 50 4M% conv preferred....100 108 Dec 12 40 Abraham & Straus.*..No par Acme Steel Co 25 2,300 600 8,400 18 300 10 9% Adams Express No par Adams-Millis Corp Address-Miutigr No par Day Sept 25 54%Sept 23 5134 Jan 5% Apr 22 8% Dec 24% Aug 15% Jan 6 2,800 11,800 Corp.....10 9% Dec 19 Air Reduction Inc.....No par 34% Nov29 %2 2,500 Air Way El Appliance. .Wo par M Dec 22 15*766 Ala & Vicksburg Ry Co... 100 Alaska Juneau Gold Min—.10 1% *— % 334 3% 11% 1% 100 Albany <fc Susq RR Co 100 73 Sept 9 134 Dec 10 4 99%Aug % Jan 8 6 10% Jan 9 5,200 2,100 ..No par 5M% Pf A with $30 war.100 5M% Pf A without war.100 3% Dec 10 300 $2.50 prior conv pref.lW) par 11% Dec 25 Allegheny Corp Jan Sept 26 "18*.400 - 3 July 28 % Jan 14 75 Aug 9 5 9% Aug 27 21% Apr 3 May 30 May 34% May 4% May 16% June 12% June 36%June 45 % Dec 10 3% Dec 10 92 6« 3% 3% 11% ' 101 5 2173.1 Deo 24 49% Dec 6 36% 65 124 37% Dec 18 35% *-.. 5534 Sept 20 43% Dec 10 % %2 100 4634 *-- 9% % 3% 12 Stock Exchange 36% Christmas 65 .1.1% 100 6% 1734 46*% ' Bid & Range or k2 Sines Asked Jan. 1 Low 1946-1956 -1943-1947 1943-1945 1944-1946 M 8 J 1 108.12 113.18 *110.11110.20 *103.25 O O ...... D A High 8 115.30121.26 115.30 D A No. Low Hinh 116.10 cl08.22el08.22 A 0 J 1*05.3 111.13115.7 104.2 *104.2 104,10 105.2 105.10 *108.8 108.17 *110.11110.20 103.30107.25 104.4 " 15 105 2 108.6' 109.9 108.20112.12 112.7 114.9 107.26 107.26 1 107.21111.21 110.10 110.10 1 110.4 109.6 109.6 1 107.14112.13 113.9 Year 1940 EXCHANGE Week share Ratios Since Jan. 1 On Basis of 100-Share Lots Treasury 2M« $ per share Friday's 1946-1949 J D 1949-1952 J D 1946-1948 J D 1951-1955 M S Treasury 3 Ms Treasury 3 Ms Sales Range Sale U. S. Government Treasury 4s....... SALE PRICES Last Price v \ , Treasury 4Ms HIGH gh were: 1otal sales in SI ,000 units... LOW AND Week's Friday t Cash sale. .Close 'otal sales in $1 ,000 units... | 108.18 (High (Low. IMS, 1945-47 2 . 109.29 (Low. 1942-44 105.27 'otal sales in SI ,000 units... (High 2 Ms, 15 Utili¬ Dec. 24. Total sales in $1,000 units... (High (Low. 20 Rail¬ trials 104.15 —(Low, (Close 3s, series A, 1944-52-• 10 30 Indus¬ Date Total sales in $1,000 units... (Low. (Close 1otal sales in Bonds Stocks (High 2J*S, 1942-47- (High 8,1960-65.—. the daily closing averages of representative on the New York Stock Exchange are stocks «nrf bonds listed Total sales in $1,000 units... (High .(Low. if 204,456,732 .1* 101.15 104.21 1 . (Low. (Close 1958-63 162,206,396 ■. c-* **-. Total.. (Hign (Low. (Close ■ 3s, 1944-49 'otal sales in $1 ,000 units... 9, 1940 4,182,504 Total sales in *1,000 units... $1 ,000 units... 1956-59— 1941 Railroad & Industrial.. Foreign (High arm Bonds ■ U. S. Government (Close j (Close — 1940 6,294,365 Stocks—No. of shares. (Close (High 'otal sales in Jan. 1 to Dec. 26 New York Stock 100.9 Total sales in $1,000 units... (High (Low. $1 7,600,000 HOLI DAY 7,462,000 6,294,365 Total-'*--—-c1- 100.9 (Low. 2s, 1953-55 .000 units... 'otal sales in 13,000 52,000 1,411,108 '' 1,1948-51.—- 6,915,000 HOLI DAY Tuursday (Hign (High (Low. (Close 1945-47 1,419,922 1,374,920 ... Sales $3,791,000 7,423,000 9,246,000 $11,000 36,000 Total sales In $1,000 units... 109.6 (Close Total tales in 1,459,865 ; j Low. (Close .V. ,000 units... SI $312,000 Friday.*——,. (High 2s, 1951-55 (Close 1955-60 Total sales in $3,438,000 (Close 110.10 .(High 2 lis. 628,550 Wednesday DAY Low. •* s Bond Bonds Total sales in $1,000 wits... (High (Low. Total Males in If ,000 HOLI¬ (High 2s, Dee. 1948-50- Government Bonds Monday...... (Close Total sales in $1,000 units... 107.26 Total Foreign Bonds Tuesday 1948-1950—..(Low. HOLI¬ DAY (Cl08C Total sales in < United States and Miscell. Saturday..... (High 2s, March — (High (Low. 3s, 1951-65...... Dec. 26, 1941 Railroad Number of Shares Week Ended Low,' Total sales in $1,000 units... ,000 units... — Stocks, (High 2s, 1947. ;;v: (Close SI Daily, Weekly and Yearly 2tfs, 1954-56—-Low. ......(Low 1949-52 Total sales in Transactions at the New York Stock Exchange (High (High 3 lis, 158 Low. ... i, (High (Low. (Close 1946-49 100 28 9 Close 105.10 1944-46 >" *4 Total sales in $1,000 units... (High (Low. (Close Total sales in 3 lis, 2Ms 1967-72— $1 ,000 units— Total sales in . -■ - , \ point. -U , Exchange daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage a year. W——y Feb Treasury 2 Ms Apr Nov Treasury 2Ms 60 9 27% Apr 19% Jan Treasury Jan Treasury % Mar : 4 100 May May Dec 3g June 534 June 4% May 7 May 106.9 106.10109.24 107.17 107.27110.9 *108.4 108.13 109.9 109.22 *108.26 107.2 "16 109.3 109.19 • - 107.1 105.27 110.22 111.18 106.31111.25 - 12 107.8 110.14 105.27 1960-1965 J D D ..*;*....... .1945 J ........1948 M £ .......1949-1953 J D Treasury 2 Ms 58% *108 *107.8 112.24 2 105.10108.14 Jan 147 46% Treasury 2Ms 77 Mar Treasury Treasury 7 Jan Treasury 3s May 60 Treasury 2 Ms 70 % 1955-1960 M S 103.6 1945-1947 M 5 1948-1951 M S 1951-1954 J D 1956-1959 M S 1958-1963 J D 100 Jan Treasury 1% Jan 14% Dec 12% Jan Treasury Treasury 24 Dec 1950-1952 M S 2 Ms... 1952-1954 M S 2Ms.. 1956-1958 M S 2 Ms .1967-1972 M S 2Ms......-.--1951-1953 J D 2Mb.-. .... 1954-1956 J D 2s _..............1947 J D 2s ..Mar 15 1948-1950 M S 2s Dec 15 1948-1950 J D 2s 1951-1955 J D Treasury Treasury 2s *103.21 106.30 — — *105.27 * . ..... 4 1953 1955 For footnotes see page 1715. ./ D - 107.16109.22 ^ .... 105.2 118.18 5 102.8 106.16 109.7 102.26 "166"" 102.26 1 102 100, 100.4 *104.20104.29 201 100 104.5 *104.25105.2 *104.8 *104.4 104.13 100.9 100.9 *103.6 103.14 105.9 103.16 103.5 * 106.27 103.5 107.4 104.28106.28 104.17 *101.10101.1° 108.9 5 105.4 105.7 104.5 * - 106.4 .--WW 100.24104.4 104.12106.21 5 100.9 100.9 101.24105.7 tea, THE 1706 Tuesday, December 30,* 1941 • COMMERCIAL & FINANCIAL CHRONICLE fer",. NEW YORK BOND RECORD RECORD NEW YORK STOCK Week's Friiay PRICES LOW ANO HIGH SALE .. 8TOCX8 U' YORK STOCK NEW t Range Since Jan. . On Basis of ' Dec4 20 Dec. Dec. 26 $ per share $ per share Dec. 24 > 23 Dec. 22 > Friday Thursday Dec. 25 Wednesday Timaa'i Monaai EXCHANGE , 5 14') 138 11 137 11 11% *11; 12% 12 15% *14 27% *18% % 18% 15 53% 20% 20% 45 46% 42 42 27% *1% 175 20 4 26% 27% 1% 10 18% 65 19 30% 65% 19% 65% i 19% *108 110 *108 110 108 108 *107 96 96 97 97 *15 97 95 95 90 *12% 5% 7'8 1878 5% *12% 187g *12% *5 5' *5 17% 17% 5% 19 5% *7% 7?s 17% *04% 17% 957S 58 *12% h % 18% 5% U 13% 10 5% »» H 2% 2% 45 *25 41 40 - 81 82 6% 6% 38% 8% 38% 8% 81 ■83 8% 8% 87« 81% 8% 8?8 7 40 7 *7 81 81 8% 9 8% 8% 3% 4 3% 3?8 18% 19 18% 19% 3% 18% v; 18% °16 " 22 22% "■ • 3% * 167 10% •• k ' * 167 ~h~ ■ 167 , 5178 7% 7% 7's 31% 31% 7% 31% 39 .38% 39% 14378 14378 ♦143% 145% *7% 7% 7% I97g ,20% 92% 02 7g 7% 197S 2% *55% 4% *70% 37g 47% 26% 26% 2% 66 2% *o5 % 4% 70% 3% 4% 71 4 47% *47 14 *13 8% *7S 31 9 8% 1 31 >; 1 30% 3 3% 3% 59%, 59% 59% 70% *40 23% *55 231. 23 *67j 3% *77% 3% 92% 5% 82% *«6 80 «% 7% *-- 5% *21%;• 6 25% 57% 19 • .23%) 86 26 57% *3% C ' 49 27% 27% 14 14 141.1 15 28% *14% 111% 111% *111% 8% 8% 8% 1% % 31% *108% 111 30% ...' 3% 3 58 70% 22% 70% 23% : 6% 3% 3% 21% 3% 921-2 8% 92% 5% 3% ■. 41 ,6-% 5% * 3% *— 79% 82 79% *75 82% *75 84 *76 '82% ♦76 *76 pref...No par 7% preferred....1(M) S3 conv prior 5% 2.400 No par 8,700 Armstrong Cork Co -.5 700 Arnold Constable Corp 7 IOO . . 21 21 84 85% 83 84 83 85 26% 25% 57% 18% 28% 26% 27 26% 27% 21.000 58 57% 58 59 59% 2,800 191.1 19 19% 18% 19% 191 58% 19% 32 42 , v 44% 24 23% ♦105 6% .49 ♦09 109% 6% 400 Atl G & W I S3 Lines ; 21 - 3% 50 6% preferred 1,509 No par 100 Atlas Powder 5% conv preferred.... * .100 90 116% 116% 8% 8% 2% 1 5% preferred 100 1,100 —.25 8,400 Atlantic Refini ig_. 4% conv pref series A...100 Atlas Corp. 5 Tbooo 49 70% Atch 5% preferred ...100 7,000 Atlantic Coast Line RR.,.100 32 44% 33% 26 5% preferred- — -100 Topeka & Santa Fe.. 100 550 No par 1,200 Atlas Tack Corp -No par 1,300 Austin Nichols 85 prior A No par 110 16.200 Aviation Corp of Del (The).-3 2% 21% 3% 2% 4% 3% 13% 2% 4% 19% 3% 19% 9% *6% *27% 8% *16% 9% 7 29 81-2 17 17% 13 131 2% 4% 3% 21 9% 6% 29 8% 17% 13% 2% 4% 3% 20% 2% 4% 3% 18% 9% 6% *27% -8% 12% 2% 4% 3% 13% 13% 2i.i 2% 4 J 4%. 3% s 17%. 17 21% 3% 20% 9% 6% 9% 20% 9% 6% 6% 9 *3% Dec May 33% 14% Mav 17% *27 30 8% 8% I5a 10% *27 8% 15% 28% 8% 15% 12% May 70% Dec 11% May 6 145 93: 18 18 17% 17%. 17% 17% 21 21 21% 22U 22% 22% 21% 21% *102% 104 *102% 104 *102% 101 *102% 104 *24 27 ♦111 116 *6% *12 38 7 30 33% *24 27 *24 ' 115% 115% *115 67g *12 37% 6% 30 27 118 6% 6% *12 ,-30 33% For footaotee see page 37%V 38 1714A *24 28 *111% 118 6% 22 (7 % 6% 30 38% 21% 8% 16 *102% 104 *24 1*00 *112 119 1,50 J Beatrice Creamery—— —25 80 preferred w w No par ; ^ Beach Creek RR—-------50 6U *12 38% 6% 30 39% 100 Beech-Nut Tacking Co....20 1,500 Beldlug-Hemin?way..-No par Belgian Nat Rys part pref.... ^.5 8.700 Bendix Aviation.-.« 4544 3% 72 844 544 644 — Dec External ..... 130 May A .1949 M "S s f 0s... s .1955 61% 24 • Dae 10 11% Aor 25 , 110% Juhe 30 7 Dee 10 % Dee 26 Feb 20 : 108% Mar 24 2% Dee 10 1 47% Jin 60 • 21 • Jin 20 Dse 20 ;; Jum July 22 18 May 32 20 May 41% 2% 8 , re 4% June 35% 111*8 97% June 4 May May 58% Jau 7% 3 Dee 68 () 1844 18 18 '4 57 .1957 A D 1844 18J* 18 H 30 25 221 May 43% Dec 19 76% Dec 18 Dec 24 3% May 96% Jan 4% May 102 82 35% 65 Aug 6 49% May Jan 23, Aug 14 9012 Mar 12 2 31% July 22 Jau 70%May 13% Feb 14 95 I) 107 6 May 29 6% Fab 14 47% Feb 14 61 May 16 111 Apr 22 6 7 6 111% Sept 9 50 . 121'' May 3 6 ■■■•>' 7 2% Apr 17 4 1% May 68 87 S 50 44 50 44 58 53 45 58 5644 58 10 45% .1976 .4 O 5744 5724 2 46 63% 63% 6144 "00 59 44 60 0 47 67 47 48 4 324jr 4844 1/ 10% Dec 19 3% Dec 9 Feb May 4 : ' V Aug 97ft Mar 51 . • > Feb If N .1975 .1984 J J 1967 J J - 34 18% Dee 22 5 Anr 23 July 25 35 13% Dee 10 Dee 15 27% July 22 20 * 8 F 5*2% 16% Jan Apr 8% Jau 30% Dec 24% Mar 17 23% Doc 25% 20% Mav 30% May 35% 112% Apr Apr 29% May 32% 99 88 44 106 J4 07 102)4 IH44 57 89 97 54 9 J 9344 9144 94 44 98)4 •k 9444 94 44 V J J J J J MN J M 79)4 100 92 99% 8 76% 96% 32 7644 96 44 5% 2% 24 6 V 2644 J 'i/*»'w m -» '+ * * tii 2% .... 5 1344 13 14;; ''J'm 14% 13 14 1444 6 11 'seated.——. 1960 A 1961 F O 12 H 12 % 1344 A im 1314 1344 5 —Feb 1961 F A HH 12 H 13 44 40 14% 1444 8 1344 32 M% 8 12 H 12% W/s 12% 1244 21 14% 11 12?% 14% 1244 12 44 13 1444 1444 13 25 a 6s.-Feb 14 J -V-'*- i'S 1244 — 14 - —- 1962 "i. - 1244 12 H —.1957 13% ——1961 ....1961 -....1962 13% 13% 11% — — 195? 16% 10 1644 10% 15% 1044 11H - » A m 13% 1144 4 1044 32 8% 15% 13% 14 9% 1144 26 8% 844 27 14% 1544 14% 1544 8% 16 15 11% 14% 14% 1344 — 844 14 2624 43)4 43)4 3544 33 30 38 30 * 30 28)4 2244 ♦23 » -U i* - 28 29 23 23 24% 23 23 23 44 2254 28 18% 18 19% 18 4044 2324 3844 38 38 ' Copenhagen (City) 5s........1952 With declaration......... j )/N "10" 16 44 1644 1544 2144 ... J \1 (Republic) 5s of 1904.—.1944 1949 ,*'' 97 ~lUH A 98 72 1144 100 h.H 10324 101 10144 93 96 10144 74 74 44 78 4944 9944 10144 *100 .—1949 debt..--,-—-1977 fu id 544s—-Jan 15 1953 444s external Si iki ig ♦Public wks 544s.—June 30 12% *100 b 93 External 5a of 1914 ser A — 98 1144 J (Provj Argentina 7s..1942 MN ♦Costa Rica (Rep of) 7s 1951 External loan 4448 14% 24 3744 ~23~" ♦.Sinking fu id 7s of 1926—--J946 ♦Sinking fu id 7s of 1927 1947 Cuba 1544 37% ^ ; 29 ♦Colombia Mtge Bank 6443—1947 ..1953 9% 8% 10 29 37 M » .....1970 25-year gold 444s.. With declaration—— 15% 1644 6 Jau 1961 i3s external s f $ bonds. 1644 15% 12 *9% — %i of 1928-———Oct 1961 *63 of 1927 15% 9% 8 *1'2% 10% 1951 ,; 15% 16 44 15% 1644 11% 13 Colombia (Republic of)— v 3 15% 9 1144 1344 11% 11% 1962 ♦Chinese (Hukuang Ry) 5s 1 9 10% 8% 10% 8% 10)4 mi - ^♦Cologne (City) Germany 644s-'50 ...... 9944 "l03~ 1945 103 100 10344 73 *10 44 ♦Czechoslovakia (Rep of) 8s... 1951 ♦Sinking fund 8s ser B———1952 Oct 14 1044 8% 13% 11% 13 44 1960 ♦7s assented..—-—- -—.... 1960 ... 26% 9 11% 1961 .—♦68, absented..... .. - . 9% 25 14 - ♦Guar sink fund6s ' 99% 5 iijw,-,-'. .S J 53 9 J ♦Sink fund 6%8 of 1926—1961 Apr 18% Mav 10544 10.44 9/H 9744 104 44 15 15 3124 3844 23)4 2344 844 60 106 844 *1044 ------ Dec 31% Mar 24 100 >4 9345 1 A ♦Chilean Coils Munlc 7s Jan *'* on h 0 1952 M N ♦Guar sink fund 6s ♦6s assented , Jan Jan Oct 14 32 Apr 28 31% An" 21 May 8 14% 13% 100 10% Jin 11 197g May 6% Jan 7% June 19% July 22 9 6% Dae 24 20 Sept 18 28% Fab 17 104 Ju 13 25 102% Dee 8% May 4 May 9%July 31 27% Dee 19 7>s F;b 19 844 5 .+6K8 a°se.ited— 8 >g 2% Vlay 3% Muy 4% Dec 24% Dec 11% Sept 12 .v 4 .1968 MN ♦044sa seated— 80% May Jan Mar 6% Mar 32% Mar 8% Apr - ♦Chile Mtge Bank 644s. 124% . 12% May 2 5% July 31 8% July 31 12%Sept 12 9 6% Dec 14 Jan *70 ♦External sinking fund 6s... 1961 1963 ♦6s assented :.v Jan Deo Jap M - . May 10 8 5% Jan 5)4 A .1977 — ♦osasscited 100% Mar 112%June 9% July 28 3% Oct 8 25% Oct 744 62 -. - 43% June 57 May Oct 27 77 544 .1976 V .1961 M S —. - 7044 2 --Jan 1961 ♦Extl sinking fund 0s. .Sept 1961 1961 —♦68: asse ate d -w ■. i-Se pt ♦External sinking fund 6s.. T 1962 Mar 18% May 7%JuIy 10 51% Nov 21 72% Jail 9 Feb 14 ] %May 13 Nov 28% DPC 2 60 —... - 2644 57 1 . ♦dsa seated..-.- Der ,45 - 8% June 22% Apr 9% June ,.22% Apr 27% May" 102 June 111 Dec 45% Oct 21 13% Fab 15 2 I) ^Ry extls f 6s„j„—-„--Jan 1961/ . Jan 84 ■i 6*, 16% Jan 19%June 5244 5224 60 f .1962 —... - IY ♦Extl sinking fund ♦as assented Deo 25% May 39% May : 64% 1.-9% May -.23% 28% July 22 9 60 1950 . O ♦6b July 9 >13 8 6 61 ♦External sinking fund 6s. 1900 .4 - IS 61 01 . Jan 9% 29% June 82 May 53% Dee 10 19 44 61 ♦Chile (Rep)—-Extl $t7s.. .. 1942 M N *lsassented—i-— 1942 M N Apr 102% Aug 19 S A P of)— . Apr 11 10% Sept 18 88 Sept 5 5% Dee 23 1) J .1957 1/ .1958 444-4M* ---v- Secured s 17a.. 22*i ♦6s July coupon 011- -. . .. 1960i ♦F irm Loan s f 6s Oct 15 1960 A O 19601-.-. *68 Oct coupon on .... - Apr <6% Jan 10 91% Oet 24 9 87'1 Dec 18 2644 20% 202^ 2154 7044 .1957 A — Apr 6% May 6% Dee 11 1544 1544 1644 2'2 H — - 1, 1724 22 H ...I960 A Apr 64% , 8 <9%3ept 26 100 D 1045 10-year 2 44s 25-year 3448 — -—.—- ...1961 ...1944 7-ye.ar 2 %s — - ---:. 1967 :• 30-year 3s — . -.1968 30-year 3s ——-.1954 ♦C vrlsbad (City) 8s— A ♦Cent Agric Bank (Ger) 7s... 1950 ♦Farm Loan s f 6s. .July 15 1960 Feb Dec 35 70% Sept 30 72 Sept 18 34% Jan 10 2624 26 f .1952 > Apr 23 112% Sept 8 5% Jail 25 7544 3 15% 344 i"b .1041 idj 4 % 4 IgS. -. External s f 95 90 85 14 .195,8 ♦Stabilization loan 7 J4s--. 15% Nov May 1% June Jan 17 33%Sept 17 4924 4844 3% externals f $ bands... ♦ 22-8 Mar 113% Aug; 12% May 107 June 7 "79" -1950 40 f Bulgaria (Kingdom of)— Apr 12% Jan 93)4 75 4354 .... Refund! tg s 14^-4^8- . Apr 35% July 29 17i.i Sept 11 9 "79" ! 1955 / b 17s_.. - - -ki--■- ♦6s stamped - — s f A\i-A%s 8% Nov 54% Dec 4% May 4 rt5% Oct '70* 43 J4 Sinking fund geld 6s..... Dec May 0 35 30 "78" y j — 25% May ' 26 43H - — 27 16 43)4 79 79 With declaration....... . 6% NOV 2 >8 58% July 14 Jan 644* .1945 V With deel aratlon-.----. ,:i E xteriml 53%. Oct Dei 68% 8 81% Sept 18 8 . J Mar Jum 66% 7 17% Dee 20 50 --...5 11,800 Barsudall Oil Co 2,400 Bath Iron Works Corp——..1 _ 53 if N I Cordoba - 28 4544 - Apr 2% Dee 10 18% 21% 77 4544 - Apr 3% Dee 10 8% 15% 5344 1- External 175% Mar 89% Apr 91% Apr 12 4% preferred100 4,500 50 1,900 Bangor & Aroostook Conv 5% preferred 100 1,040 Barber Asphalt Corp....--10 2,200 1,000 Barker Brothers.—. --No par 18% 0044 >4 81 44 Feb 18 May 101% 16.500 Baltimore & Ohio—------100 5%% pref erred. 54 7444 Feb 83% June 2% *27 54 Jan 23% 99% Jan 11 .8% Aug 8 4% 3% 9',i 6% 28% S Buenos Aires (Prov Apr 65% Dee 2.3 .}, 3% Dee 10 61 Fib 14 2% Dee 9 ■f 40%May 13 22% Feb 14 4% 21 76 7744 M ^♦Budapest (City of) 6s Jan 7.900 Baldwin Loco Works v t C—13 9 53 . Jan 12% 13% *5% 62 ♦7s (Ce ltral Ry). I )"c t 70 Feb 152% May 5% May 13% 2'8 3% 20% 55 .Si iking fu id gold 5s Apr B 13 55 Brlsba ic (City) 8 f 5s 55% 7i4-,Jan 10 "1*666 86 ./ ♦Brazil (U S of) external 8s— ♦External s f 0Hs of 1926, ♦ External s f 6Of 1927. 11034 Aug 20 21 85% 25% 57% 54 2% Dee 10 i ' 21% I ♦External si lking fu id 0s. 4 9 Sept 11 23% Dee 112 7% 2d preferred-------IOO 21 76U Apr ...1972 58 •• Assoc Investments Co.No par 21% Mav 9% May 9 78 21% 5854 6.844 ■v'- 11 «s Feb 41% Deo - Sept 24 29% Aug 65 6844 With declaration—.- May 139 22% Sept 17 Jan 0424 75 44 Mar . May 11 7 44 Witli deel aratlon 12% Mar 49% 3% Dee 10 78 1744 89 91 00 54 With deelaratioi. 74% NPV .19% May 9 i 21% - 5 Jan 91 2744 1744 74'*".* Jan 64 30% May 0 14 07 ^[♦Berlin (Germany) s f 6)^8- 10V Jau 163 23 159 6-% 1st preferred.-—J_—100 .82% Jum 122 13% Jan 14 Aug Jan Jan Jan 24 06 4a : 18% Nov 2 Jan 21 98 11 7 *1744 67 •'% External Mar Ian Jun 5% 5% Dec 9 D *9 A Mir - 48% May 4 9 100 81 121 9% May 9 ; " 5% 25 4% May 9 No par 2,000 Artbora Corp 7% preferred....-...-—100 -.1 4,8o5 Associated Dry Goods.- 3% 92% 21% 31 »2 31% 31% 32% *31% 33% H 42% 42% *40% 43 43% 431" 24 24 24% 24% 26% 21% 25% *105 *106 109% *106, 109% *105 103% 109% 6% 6% 6% 6%' 6% 6% 6% » 6% *49 491 49 49 *49 8. *9% 491 49 | *68 69 69 *69s 68% 70% *68% 69 115 115 *115 118 *114% 115 *114% 115 8% 8% *8% *8% 8% 87S 8% 8% *2 2% 2% 2% 2% 2% *2% 2% *19 20% 20% 22%i *20% 22 20% 20% 3% 3% 3% 37g 3% 3% 3-s 3% *31% 21 5% - 59% 70 1 21%: , ■ A P W Paper Co Inc -5 600,Archer Daniels Midl'd .No par -300 Arnuur&CP(D3l)pf7%gtd.lOO Armaur & Co or Illinois.—...5 13,300 July 135 Dee Copper Mining.——20 2,500 1% 58% *55 22% 6% 90o!Andes 8% *31% 31% *109% 110 2% 3% 39 6% - 1,400 Anchor Hook Glass Corp. 12.50 101 $5 div preferred. No par — ♦1 Mining—50 Anaconda W & Cable.-No par 530 26% 15 *8 70 *55 3,500 Amer Zinc Lead & Smelt——1 200 85 pri or g onv pref... -—- 2 5 32,300 Anaconda Copjoer 4 43% Dee xl43 .100 Preferred 1,500 Sept J 944 1144 12 1114 11)4 O - Jan Mar 90 (43% Dee 27 115% Dee 26 25 ————100 3% !•% Mav 19 % 168% 73% 74% 11 %M iy .No par 1,700 American Woolen.—— No par 27 *111% 5% 5% 82 58% 7% *6% 8% 1% 31% 101% 109 3 3% 58 70% 23% *31 — 6% Dee 26 113 Feb 19 81* Jm 2 27,200 Am Water Wks & Elec.Aro par 100 86 1st preferred—-.—Nn par 47 47 51 O 9 44 With deel aratlon.... Jau Jan 13 155 O A 714 714 644 6J4 9»4 ,9'4 A 944 9!4 4 Deo 14% 12% Mav Dee 9»4 9% 9 '*4 944 "9 h 4s Feb ...1972 F Belgium extl 6Ha.......... ; > With dec! iratlba—i,>-> - Jan 92 Mav 6 9] 159% Jan 10 28% Jan 10 15% Dee 4) 11% July 12 8% Dae 10 5% preferred.—100 400 4% 48 *47 . 22% Mav 10 10 63% Mar 13 ■ 70% 3% 3% 26% 3% *76 4% 70% 4 26% 59% *77% 4% 26% 92% ~~5%. 3% 6% preferred* 100 Mat 38 26 29% Dee 26 4,103 Am Type Founders lac——10 14 8,800 American Viscose Corp 72 *60 53--—1958 Apr 57 ' 34% May 28% May 10% Oct 33% Dee 10 2844 28 35)4 1194 1124 B 6<s Jan 13% A114 40% July 29 45% July 28 Dee 10 29 139 Jum 20% Jun< 2 May >7 , 138 Common class B Apr 73% Jan ; Amer Steel 25,600 2% 2% 70% 4% 70 Dee 10 4% Dee 10 6 Dee 10 Co.-.IOO —25 9,-100 American Tobacco. 45% ♦144 1-48% 3% 3% 23% 25% *113% 115 2% 68% Dee 10 50 • 100 8 12% Sept 41% Mav 7% Jan 10 165% Aug 15 15% Jan 6 9 ———109 500 Am Sumatra Tobacco. 4t34 26 ■ 109% 100% *109% 111 *60 , O . ^♦Bavaria (Free State) 6^8. Apr M ir 46% Jan 13 39 Jin 13 1.7*2 D3? 10 3% Dee 17 Feb 17 35,700 Amer Telep & Teleg 41% 28% 27% 13% 1% 31 2% V; 3% 25% 9 25% 114% 114% 4% 'V 267g 27 *111% V-_ *1H% *47 378 25% 3% 70% >: 3% 148 *143 65% 4% 3% 45% 44 44% 44% A 8% Aor Dec 26% Aug 30 3% Jan 13 J in 24 21% Dee 23 No par 1,700 American Stove Co 2,800 American Sugar Refining—100 Preferred 100 1,000 115% 120'g 121 155 Foundries.-No par 5,300 American Stores....—No par 15 . ./ Apr 66% . Mav 6 Dee .38 May 35 r• ' 8 2244 2144 744 744 944 J 6% Apr 6%Sept 17 23 %6 Dee 26 7 19?g 92 15 15 121 44\ 2% V 2% 65% 70 71 47% 23% 26% 13% 28% 26% 2% 70 4% ■ 15 13«4 Jan 2% Feb 15 23% Jan 23 23 44 944 J Jan 24% "h)i J With declaration 18 17% Jan 10 95%June 21 15% A K 24 111 Mir 4 -100 ..—25 —. 59 24:>| 59% May 1% 30% Oct 7 4% Jai 8 13% Jin 27 Feb 14 Jan 7% May 3 • 9% 19% 91% 92 92 6% preferred.' 20,300 2% Sept 7% Dee 10 i ——- - 3,500 American Sniff 18% 6% 20 Preferred. 9 8% Dee 10 100 444% conv preferred 10 8 11124 1955 External 5s of 1927 1957 External g 444s of 1928..... 1956 ^♦Austrian (Govt) s f 7s 1957 May 65% May 51% Aug 77i.i Dee 10 American News Co....No par "M *137% 142 7'1 120 1 1,800 jAmerican Seatia? Co.-No par 230 fAiner Ship Building Co .No par Amer Smelting & Refg.No pa 7'i 28 44 1/ S Australia Com'wealth 5s 3 2 3 6% Dee 24 38 Dee 26 - 7% 7% 32% 38% 39% *143% 145% 29% 30% *31 9 *15 100 255 105 K? J f 7s series C. 8 f extl conv,.ban 4s 3% Mar 6% Apr 2% Jan 28% Jail 9% Mai Junpo 33% Aug 29 2% Dsc 26 i- 2,700 American Safety Razor—18.50 9% 23 1 s S f extl conv loan 23 4% Nov 20 4% 9, .19% ■ 5,200 5i7g 18 20 19% 92 92 9278 92%: 15 15 15% 15% *15% 15% 125 123 121% 123 124% 125% 44 44% 45 45% >44% 45% 46 44% 45% 44'g 45% 46'8 148 *143 143% 148% *145% 150 37g 3% V 3% 3% 37g 37S 25-g 25% 25% 20 25% 25% 113% 113% 113% 113% *113 142 142 7% 7% 19% 30 29% 30 29% *137% 142 *137% 143 *137% 143 .17 17% 177« 17% 17% 1?7« *J 9% 9% 9% 9% 9% 23 23 J \ 2% May - 1% Dse 8*5 preferred. — -No par 9,303 80,000 Am Rad & Stand San'y .No par Preferred -100 25 20,500 American Rolling Mill 10 4% 4% 23 O Arge itf-ic (N itio iHl Goveratnent)— 8 f external 4Hs——-—-—-1948 M.V S f est conv ban 4'^s 1971 M.V 15% Apr 10% May 38% Jan May 15 43 27,100 Amer Power & i43ht--.N0 par 80 preferred.........No par 7,600 165 51% 38% 27 ; "3% conv preferred 50 9r30C American Locomotive-No par Preferredrii'-i:—Y ; Yk ik- 400 705 ""130 4 50% .4 4 1947 .-.1948 J -91% Mar 3% Jun % Dec 2 4% 3 apt 19 DeelO Products...1 Ho par 5,800 Amer Internal Corp...No par Moo American Invest Co of III—1 18% "9% 31% 2 May 1% Jan 11% Anr 15 Feb 14 pref.—i—100 6;3O0 American Ice 200 6% non-cam . 22% 18 F 10344 103 44 — Apr 8% Jan Sep' T%.May 28% Sept 19 3% Jan 13 29 preferred—-——50 6% preferred 21% 3% 4% 6% conv 1.600 American Home ®ni 10 11 Dee 80 300 10 2,300 Amer Hawaiian 83 Co .1,900 American Hide,& Leather... I 26% 165 87 120 * D ..1980 Municipal Antwerp (City) external With deel ration. — Feb 9% r -.75 6% Aug 2 9 14% Feb 15 1% Dee 10 ■ N0 par 2d preferred A —Ho par preferred. -..No par preferred. 1,203 Amer Mach & Metals—No par 2.10G Amer Metal Co Ltd.--No par 4 .. 50% 4% 4% 47S . "9% 19 51 52% ' $7 2,300 1,700 8 Nov 13 4% May 19% Aug. 6 •% Dee 11 9.500 Amer & For'n Power.—No par 5% Mav > 95% Sept ll 178 Jau 78 3% Jin Nov 27 8% Aug 29 9% Feb 19 J m 7 10 Sugar 37fj 18% 18% 3% t 703 American Crystal ■ 22% 21% 17% 18% "9% 10% 51% 52% 22 22% ■21% 1778 18% 4 378 18 '77 18% 4 J York City 1945 -'.1945 ♦External s f 7s series D 19 45 .♦External u f 7s 1st"erles... 1957 ♦External sec s f 7s 21 series. 1957 Y 4External sec s 17a 3d series. 1957 Jan 23% 13% May 8% Jan 24 4% Dee 10 4% Feb 17 5,700 Amer Mach & Fdy Co .No par 716 103.2 ltd sink fund 6s "ltdsink fund 6a ♦External * 9% Mar 27 • *24% 103 101.5 D ♦External s f 7s series B...% Nov Mav 9 241; 2412 •« '2 V 65 9 300 1. 25 24% 24% % 101.4 J Nnrvvav) 4s.1968 ♦Astloiuia (Dent) coll 7s A...1945 33% Mav Mav £17 Chicle 107.26 104.6 - ..I....1945-1947 140% May 84 *115 120 Mav 115 8% ' 24% 24% 4% 4% 7% 7% 7% 31% 31% 32 33% 40% 30% 40 *142% 14378 *142% 14378 31 31% 29% 31% , 19 18 34 May 38 3% 18% 102.15103 Akershus (Ki ig of Dec May 8% Day ♦ ♦ Jan 16% 185 112 25% 2% 6% Christmas Dec Mav 100 *81% Closed-— 85% Jan 38 4 *115 120 *115 120 *115 120 8% 8% 87S *100.13100.21 Agricultural Mtge Bank (Colombia) Jan June Jan 21 2% *8% Exchange - Foreign Govt. & 2 v July Oot 104 Jan 3484 July 22 79% J lly 11 23% Jan 16% Dee 10 103.3 S Jan 45% 135 Ma\ 121 2% 25% vYStockYs; 2% 2% 2% 2% 26 *25 26 *25 . Mav 1>4 2 95% Jan 10 Feb 15 53 Oet 23 185 16f% Dei 28 23 A or 19 108': 100.9 If .... *101.10101.17 series O..... 1. New 9% Mav 115 32 441.1 1% Dee 23 28 128 Aug 10 4.4 *100.12 100.20 Apr 12% 5) A or 2 ' 17 1% 1%' 57 3 *104.23 104.31 101.15 et04.1£el04.21 J Transit U ilfloatlo n Issue— Jan Anr 75 ■ 5% June is 104.28107.28 H / ..-.1944-1952 IT N 101.15 104.15 104.17 J elOO^OelOOl^O .1942-1944 I 3s series A 2 • 130% — 14 58% Apr .21 Jum Jun< High 1944-1940 WN 1942-1947 _.1942-1947 1^3series M. Apr Dee 24 30 44% 45 44% 1% 1% 3 2% 3 45 44% 1% 25% 1% 6 35 Jin June . Jan 2% 18 95 •18% 1% *31% 45 25% *4% 7% *31% 30 31% 1% 51% 30% 2% 45 10 17% 1% *15% 31% 2% 30 7g *165 11" 2% 30% 2% *23% % 2178 17% 378 1% 8 1 No. Low High Nov 107 l,i 18 *16% 30% 32% *115 18% 1 16% 2% 18% % 18% °3S 30% *30% 4% % 18% 1% 16% 2% S% 6 30 32% *4 *5% 13% *7 ' 5% 2 9% A 1? 47% D33 ■* ,. 38% Mai 12% Mai 41% Ja- ; 58% J in 5*2 A or 22 39 ; 3% Cnrpnrate Stock 41% Dee 23 947g v(;J%80 6% 1st preferred— 100 % 1,800 American Encaustic Tiling—1 6 .400 Amer European S3C3—Nd par Sg *5% •v.: % *1 - . Jan. 05 60 Heme O vners' Loan Carp— Apr Jan D»n 1:: 18 Jun 2%s 41V Jan 1% Ma\ 9% May Sept 15 8% 79 Mav 11 63% July 22 2 2% Dae 3» Dee 10 16% 9% 21% Mav 4 Jan .. 100 17% *93% 93% 30% *2% *31 , 93% % 30% 18 ... 17% •% 1% 30% *80% 17% 94% 18 19 *16% 1% 25% 2'8 17% V 5% % *30% 45 8 *1% *16% 1% 1% «8 Low -.1944-1964 i._ 31 Ho par Am Coal Co of Albth Co NJ 2-5 """300 American Colortype Co——10 Am Comm'l Alo )hol Corp—20 1,100 5% 8 17% *931" % 5% 20 14% Feb 28 Feb 19 40 —1 5% conv preferred— 400 American 5% 8% 9 Apr 12 41% Feb 14 25 100 , 19 *12% 19 % Dee 10 5,500 American Car & Fdy—Na par Preferred—v.—-—100 1,200 2,300 Am Chain & Cable Inc.Nn par 93 8% —. . Preferred 100 8% '• 17% 95 *93% 6% % *5 *3 l4%Mtr 13 Juu — 3s Anr 14 4% Mai 21% Aug 13 1% Aug 5 Jm 10 17,100 American Can 110 110 37 20% Dee 10 5,100 Am Brake Shoe & Fdy.Nn par A).' 14 40 5%% onv prof.... — -.100 rl2i% Mar 18 1 10.500 Amer Cable & Radio Corp.-l1 100 55 9 87 50 .• 1,800 American Bosch Cnm. 19% 19% *108 6% preferred 120 S net 17 Oat 29 9 Dee .5 preferred—...--50 5,300 American Bank Note 45 4 60% 59% 167% 167% 30% 29% 66 63% 60% 168 29% 44% 5% 27 *125% 130% 1% 1% I' 1% 59% *155 6% conv s 10 24'2 Dee 10 No par 1,600 Amerada Corp 1.600 \m Agrlc Chem (Del)..No par 10 3,700 Am Airlines Inc 21 26% *125% 130% 59 65% 18% 66: 66 63% 10% 18% 41% *155 175 175 29% 287g 20% *165 30 20% 60% 42% 5% *41% *3% 3% 67 62% 50 5% 27%' 1% 1% 1% 1% 64% 2!% 41% 5% ' 100 54 54 ;; 21 4!% '.'4 126 18% % 14 43% 41% 128 125 125 62% *105 4 28 3% 27% 125 *121 42 18% % 14 135% J'in<' 8% Mav 14% Apr 24 71%May 14 Ho par 19,300 50) Ybha Portland Cem..Ho par 800 Amalgam Leather Co Inc 1 Vllis-Chalmnrs Mil 27% 54% 20% 20% 44% 5% 5% 41% 3% 27% ■* 15% 63 7g 53% 20% 44% 5?g 5% 3% 27% 3% 18% 5s 5s Fib 1 11% Dee 10 5% preferred*...— 109 600 20% 10 4 3'^s 26% May 12% Apr 182 Since r> Asked Federvl Farm M )rtgagc Cirn— shnre per 15% Mav 6% June 2 As Range §w Friday's Bid % Highest share 5 per 0 167% July 28 13 Aug 27 133*4 Dee 24 Ho par 3,900 Allied Mills Cj Inc 14,800 Allied Stores Cor.).....No pa* 81 *79% 80" *14 15 53 53% 42 5% 18% % *14 21 45% 5% *20% *45% 27% *13% *14 511 51 26% 28% 5% 5% 5% 11% 13 6 $ share iter 25% Jit 11% Jin 17% Dee 9 4% D)1 20 —5 Allied KUCo 100 S % per Share Par :1 ,, 4,400 Mghny Lud Stl Corp..No par 2,500 lllen Indmtri53 Inc.—i.k. 1 6,500 \IIl3d Obmical & Dye.Nn par 138% 12% 13 12% 80 27% 18% 8.1 1 20% % !37 *11 127g 5% 5i.i *76 82 :*.* 81 478 5 135% 137 *11 1%% 80 12% , 5% 5% 5U 81's 27% 13% 20% *1S% 5 4% 137 12 12 5'8 V- *7012 6 Shares 21% 4% 20%' 4% 20% 20% 207g 21 Lowest Sale t Price U. S. Govonmant (Cancl.) -■• 2078 20% 2078 4-ifl 5 130 130t4 *11 IU2 20^8 $ per share $ ver share $ *•er share $ rer share Highest "1 Lowest . Range or Last fcl EXCHANGE Iv Week Ended Deo. 26 N. Y- Year 1940 . Saturday i'v'-l'; i bonds Range for Previous -Vf lOO-SVire Lots 120 Jan 0 8% July 29 17 Oct 7 4l%Scpt 18 , 105 102 May 7% June 10 127 07g Nov 67% 24% Mav 3«% D J 44 44 "26" "20 " 15 1962 4(9 "24% "2344 With deel iration.... External gold 544s..-------1965 With declaration. Jau Apr Apr Apr J FA 1942 Denmark 20-year extl 6s. External g 444s.....Apr . , With (led iration, — For footnotes see page .--——— 1715. .43 ' \ 7344 6924 *26 % 25 52 3344 '36" 21 65 52)4 31 60 Volume 154 Number 4026 THE COMMERCIAL & FINANCIAL CHRONICLE NEW YORK BOND RECORD Friday BONDS N. Y. STOCK EXCHANGE Week Ended Dec. 20 Range or Sale Asked cfe Low ' High 70 No. Low *60 69 1969 A O *60 75 O 61 61 •[♦Dresden (City) external 7s.. 1945 67 70 i 69 63 61 \ 27 | 6 .7 1907 J Dec. . S rer share shah 11% ll^a 61* J 71* *8% 61* 8% . 59% •59 119% 119% *24% 26: 15% 15% 5% 5% 14% 14% *10% 11 *60 75i 118 Ilk { 9 . 18% 29% • U'Frankfort (City of) 8 f 60% . 118 23% 24% 16C16 5% 14% .*10 57S 14% 11 . V 75 *60 ■18% 29% 18% 29% 20% 1878 18% 28% 92 92 41 18 19% 18% 20 41% 18% 19 19% 19% 20' 19% 1978 *1% 1J4 29% 1% 29% 1% 29% 17 17 i 51 I A/N With declaration.- j".D French Republic 7s stamped... 1949 261* 601* 601* .601* With declaration 601* 261* 98 91 7s unstamped ■ 67 *17% 7% 15% 93 641* 1949 *27 j 17% 7% *42% 15% 15 ♦5Ha of 1930 stamped.. 1905 J D 115* ' ♦51*8 unstamped........1965 ♦5)*Hsptd (Canadian holder) 1905 •[[♦German Rep exti 7s stamped. 1949 ♦7s unstamped 1949 ♦Greek Government s 3 44 43 J D V'k 1908 ♦6s part paid 112 26% 1908 45 41* With declaration | "lj* "l5~ 15 15 2% f ♦Hamburg (State) 6» 38 % 60 60 -...1940 11% 22% 6% With declaration. 26 H ♦Heidelberg(German)ext 71*8.1950 J Helsingfors (City) extl61*S.... 1960 A O With declaration 27 40% M% 47% ....—........ 53 53 14% 7% 14% 900 43 41% 41% *41% *7i# 89 % 1,800 Brooklyn & Queens Tr.Wo par ,f 1 800 Bclyn-Mauh'Transit..JVo par | 8% 7,000 30 30 30 13 13% 12% 12% 1,909 7h 7% *105% 110 7% 4,800 Bucvrus-Erle Co... 2% •71*s secured s f g... ♦7s secured s f g— ♦Sinking fund 71*8 ser J 60 3 0 16 16% 53 53 *52% 5% 54 54 54 5% 2% 6% 2% 5% 16 4% 18% 4% 4% 18% 18% 2% 4% 18% 2% 41* "A F 5 J *55 75 55 D M 6 S J 1 J 56 % 5% 2% 6% 6% 6% 88 88 87 10% 6% 10 With declaration ' 75 10% 30 10 A 45 K; 56 ♦Jugoslavia (State Mtge Bk) 7s 1957 AO 3M 3% 3% 561* 314 0% 13 6 12% 5% 11% 12% 12 11% 12 1% 37% 80 6% 2,200 6% 88% 89 10% 10% 25 *24 *31% 2% *60% 2% 60 60% *117 *117 118 F A J 1) 38 187„ 18k 19% 119% *117 6 6 , , ' 8 261*f 91*» J D J I) 7 70 61* 71* 70 70 61 1943 UN *4H J J "45* {♦Tress 6s of '13 assent-..-1933 j" j 41* 4?* 41* 5 35* 31* 5 O s f 61*s ♦Sec extl 8 f 61*s 17 17% 98% 16 15 99 15% 15 1% *24 83 25% 600 2% 2% 3,900 * 6OI0 *117 36% 7 6% 67 68 *5% '3% ; 3% •; 32% 6%; 30 OH 8 0H 81* 1254 13 32 32% ,*95% 9% 95* 95* OH ♦Montevideo (City) 7s.... — .1952 J D 54 1 • 3% 1% 1% A Externals f 5s Apr 1958 .4 O Norway external 6s 1943 67 *1% 157« F 8% 4 8% 3% 15% *38 j 16 39% *38 52: "71% *50% External 6a...i 1944 With declaration.-—:-- m With declaration 691* 50 H "fok ~ "50k ' 50 51 511* 3114 8614 * 851* 8614 341* O 47 45 471* 1963 4s s f extl loan V 41 •[[♦Nuremhurg (City) extl6S...1952 "46)4 ""43k "471* FA 11"" "44" 47 44 9:: 400 6,600 23 42 4514 261* 25>* 22 261* ♦Pernambuco (State of) 7s....1947 M a ♦Peru (Rep of) external 7s 1959 M 5 ♦Nat Loan extl s f 6s 1st ser.. 1900 J D s f 6s 2d ser. .1961 A For footnotes see page 1715. O *60 | 33 645* 104 57 9014 641* 595* 581* 51 81 -70?* 104 2 102 % 1051* "8" 8 W:5 65* 11J*! 7% 7 7 7% 19 614 1014 7 71* 107 61* 71* 64 7 7 ■■ 81* 6 99 15% 3 31% 32% 90 6 3 400 1,800 500: 31% 95% *% 32% 95% 3% 1% 8% *95 % 3 98 8% Nov Octt Jan 30 35% Nov 17% May 21% 12% May "7% Txx 2 Jail "l2% "Jan May 5% Apr! 5% May 16% 4% May 7% 17% May 2% May 8% May 39 May 23% Oct, Jan Apr Sept, 6 5 13% Jan< 82 Nov 9 May 15% Sept 18 14 May Nov 13 Jan " 50% July 1 May 26% Feb 52% Mar Jan »16 1,000 27g 27« 1,700 1% • 1% 8% 3% 2,000 1% 1% ' 8% 8% 3% 3% Cham Pap & Fib Co 1,200 1,000 ; 100 9%' 9% *90 .... 84 ' 83 84% 800: 12 % 1 39 *38% 39 38% 100 52 53 38% *50% %2 2,500 : %S %6 %2 332 332 3:!2 2,300 1.200 8% 11% 41% 43 42 25% 10!) 100 100 *650 11 12% 800 2 30% 76"" ni~ 26% 2514 * 100 100 *79% ' 82% S3 82% 83% 43 34% 142 *640 800 *640 800 *640 .15% % 1% 15% % 1% 11 11% *101% 105 12% 12% 106 14% 14% % 1 106 15 % 1 9,500 3478 4,400 20 2,700 100 5,900 1,700 370 800 ' *'i« 11% 11% 1 45% 43% 45% 43% 45% 43 1 *% 11 117« % n8 11% 12 11% 1% 11% 11% 1 1% 45lo 45% 45% 45 43 43 43% 43% 1% 45% 43% For footnotes see page 11% % 11% % 320 7,900 3,300 98,900 12 11% 1% 1178 1% 45 46 43% 43% 2,500 350 27 Dec 18 9 Dec 26 2 26 70% Oct 17 109% Dec 10 24 May 23 81 par 7% May 9 53% May 8% Ocl 85 2 24 14% Jail 98 Feb *60 Jan 4% 40% 133 74% Nov 33% Jan 10 May 105 Sept 43% Mar 9 48 25% May 41% 45% 82% Dec 24 106 50 Jan 25% May 131 740 16% Sept 17 100 % Deo 26 145 Dec 141 Mar 63 Feb 10% May Nov 13 94 9 3% Aug 2% Sept May 12% May 24 4% 5% 6 Oct Dec 17 21% Jan 6 16 May Deo 18 21 6 16 May 1 Dec 18 4% Jan 9 82% Jq,n 25 72 Apr 2 42% Nov 27 Apr 112% Feb •uDei 1% 4% May 67% May 59 June Feb Dec 35% 1% Dei' 4 2 11 Jan 20 June 102% 16% May 108 11 43% Dec 18 Apr Apr May 1% Jan 13 . Deo Mar July 16 301.1 Jan 8 Dec 10 ~83% 99% May 56 May 2 63% Nov 10 1078 Dec 23 % Deo Apr Apr Nov 114% Jan 43% Dec 24 39%Sept 8 148 Sept 17 1 Nov 91% Apr Jum Jan 10 100 July 34 May 20 5% preferred May 124 Mar 19 Columbia Gas & Elec..No par 6% preferred series A... 100 Sept Sept May 44 11% Mar 16% Apr 5% Mar 56 114 Columb Br'd Sys Inc cl A.2.50 Class B .2.50 May 1% Aug 20 AU£ 26 106 4% 2d preferred Jan 108 11% Dec26 106 Dec 16 12% Dec 9 100 Apr Jan 15 100% Feb 15 4% 1st preferred. Jan* % % 28% Feb 18 Dec 26 ■ Doc % hiDei Apr 26 No par Colo Fuel & Iron Corp.No par Colorado & Southern 100 51% Dec %»Dei 2 Collins & Aikman.....No par 100 44% May '« Dei 46% May July 16 Jan 23% May ~74~"May 740 conv preferred 15% Dec Aug 20 Mar 17 $4.25 preferred 12% Mar 11 60 6% Dec 84% Oct 11 No par Colgate-Palmolive-Peet No Dec 85 Dec 17 142 Coca-Ccla Co (The)...No par Oct May 30% Apr 29% Mar 478 Apr 115 Oct 20 98 48% Nov 25 27 Feb 14 Climax Molybdenum..No par Cluett Peabody & Co ..No par 100 139 Apr 22 100 41 4% Sept 22 40% Aug 2 29% Dec 11 139 41% Jan 8% Feb 38% Dec 44 6 10% Feb 5 104% Aug 12 46% Feb 20 Dec 10 Preferred Apr 8% May Jan 27 72% Jan Aug Coca-Cola Intern Corp.No par 9,300 300 % " 8 92 40 par Class A 800 1 Dec 11 20 5 Mar 6% May 14% Sept 15 3 Aug 29 9 41% Dec 22 5% preferred 100 Clev & Pitts RR Co 7% gtd.50 Special gtd 4% stock 50 15 Dec %6 Feb Apr 6 101 % Jan 18 9% Sept 16 1 • 5?8 11% May loa 84% June % Jan 17 %6July25 8%May 22 10% Feb 7 .100 20 % 1 6 ■ Clev Graph Bronze Co (The). 1 106 8 .100 5% preferred 100 Clev El Ilium $4.50 pf.Wo par 11% 11% *101% 105 11% 12% Apr %a Dec 17 %»Dec ...No par , 2% Ocl 30% May 19% July 21 44% Jan 9 54 July 24 37% Apr 22 49 5 50 83% 62% k;J... " 9% Feb 19 : 25 3,000 142 82% 44% Jan 13 102% Feb 3 1% July 21 6% Oct 4 3 July 31 11% Nov fi 8% Jan 10 2 23 1%Mar 12 Dec 12% Feb 72 May May 17% May 1078 Jum 4% Oct 24 378Mar20 26 .10 26 2 Jan Jan Apr 26% Apr 3% Jan 114% Mar 2% 88 2 18 3% Dec No par 111 ' 22% Sept '10 Dec , par Chicago Yellow Cab:..No par Equipment.....No 4 Dec 15 May 99% Jum 100 Clark May 21% Jan 4 107% Oct 11 22 17 l'uMar20 100 6%% preferred City Investing Co City Stores Aug 1 '0 34% July 12 93%June . Chile Copper Co.. Jam 106 Jun< July 28 Apr 2 31% Dec 26 I preferred...No par Prpf ($2.50) cum div Wo par Cblc Rock Lsl & Pacific.. 100 Chrysler Corp City Ice & Fuel May 17 20 Oct Dec 578 Dec conv Chickasha Cotton Oil Chllds Co 5 48 56% 35% 1% Dei 2%May 23 Chic Great West RR Co...50 5% preferred 50 Chicago Mall Order Co .5 7% preferred 121 15% May 15 100 6 %• preferred Jan 42% May 20 May 105% May May Apr Apr Apr 26% Mar 26% Mar 7% Apr 93% Apr 79 I Jan 1714. Commercial and Financial Chronicle (Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Spruce Street, New York, BEekman 3-3341. Herbert D. Seibert, Editor and Publisher; W. Jones, Managing Editor; William Dana Seibert, President; 'William D. Riggs, Business Manager. Published three times a week [every Thursday (general news and advertising issue) with statistical issues on Tuesday and Saturday], Other offices: Chicago—In charge of Fred H. Gray, Western Representative, Field Building (Telephone State 0613)..v:London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. Coypright 1941 by William B. Dana Company., Reentered as second-class matter September 12, 1941, 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, $15.00 for 6 months; in Dominion of Canada, $27.50 pe&year, $15.75 for 6 months. South and Cen¬ tral America, Spain, Mexico and Cuba, $29.50 per year, $16.75 for 6 months; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per year, $17.50 for 6 months. NOTE: On account of the fluctuations in the rates of exchange,-remittances for foreign subscriptions and advertisements must be made in New York funds. Frederick '[.r:'''-; ii -j « , Dec 5% Jan 13 15 Chic & East 111RR Co .No par Class A......... ..40 S3 75 37% Jan 14 95% Dec 10 {Chesapeake Corp. j...Wo par Chesapeake & Ohio Ry.... .25 • May 1% Dec 10 No par t 4 17 Apr 126 4% Aug 07 Jan 6 45 May 92% Dec 32% May 3% Nov 39% May 100 June Jan 115% Jau 29 3 25 6% pf.100 ;:1 2 Aor Aor 40% ; 22% May 22% Apr 21 Common..: ...No par Checker Cab Mfg.: 5 Chicago Pneumat Tool.No 2% Dei 30% Aug 75% Jum Ocl Sepl 22% May 3% May i Feb Apr 6% Mar 29% May Jan 10%June 75 Sept 22% Mar 3% July 24 26 July 2% May 50% July 29% July Oct CCC&St Louis Ry Co. .100 43% *62 100 700 - 63 101% 101% *101% 105 13 13 12% 12% 106 106% 1,100 103 *62 11% 31 *46 65 107g 2% 73,800 3,900 *79% ■ *62. , 8% 76" * 111% 111% 25% 437g 8% 2% *46 11% *1061,1 110 15' 15% 15% % % 1 1 1% 1 *»id 1% 11% 11% 11% 11% 11% 11% 1% 1% >:•*>; 110 43 31 * *46 84 ...... 95% *79 .... 25 42 31 " 111% 25% *20% *30 2% 2% 31 *111 1,600 *93% 42 2578 900 1,000 1 42 95% *21 76 8% 11% 1 *30 *93% 31 8% 11% I ••••• *93% 8% * 8% 25 43% 8% 95% 8% *2% 53 11% - *20% 42% 8 2% 31 76" 1 1 25 • 22% *8% 11% 8% U% 1 -r *20% ' h *62-65 12% *106% 14% 2,000 332 *46 65' *660 17% 43 41% 42 43% 40; 40% : 41% 34% 34% 34'% 35% 35% 35% 35% *140 148 *140 148 148 1485 *140 *140 *61 *79 ---t 16 '32 111% 111% 25% 16 I '332 8% »;IIC 15% 16 Jan 122% Dec 30 Dec 9 77 100 Preferred series A Mai 40 2% Dec I par Cerro (le Pasco Copper.Wo par Certain-teed Products 1 Chain Belt Co 23 1% Dec 16 10S78 Dec 10 1 Dec 9 100 prior preferred 11 Jan Feb 17, 8% 19% 4% May Jan 11% Dec 4% Feb Preferred 6% Dec < ...1 Century Ribbon Mills.Wo 100 %0 3 8% 3% 4 -6,000 18,300 *32 11% 2% 31 25% 39% 35% 37 64 64 581* 17 *15 %2 n% *20% 31 76 111% 12% ♦Panama (Rep) extl s f 5 s i er A. 1963 M N ♦Stamped assented 5s 1963 M N Stamp mod 3 Ms ext to., 1994 J D Ext sec ref 3 l*s ser B 1967 M S 17 *97 3 36 18% Dee 10 116% Mar 19 5% Dec 10 65 Deo 19 zl5%June27 par 100 Central Foundry CO 850 %# 42 *97 40 30 .1955 AO 33 3,600 *50% %« 95% 25% 46 351* 2514 MJV 178 25% '•>2 *22 *101 % 105: ♦Nat Loan extl 0% Jutli 72% Nov, 34 125 ! Central Agutrre Assoc .No par 30 ,%2 *93% *111 9 "1958 With declaration... •%• I 278 *46 With declaration... 3 >ie '• 2% 6 I...N0 5% preferred 100 Central III Lt 4%% pref-.100 tCent RR of New Jersey. .100 %2 95% *79 Oslo (City) sf 41*8 With declaration..,-. : 3% May 20 6 92%May 30% Jan 3% Jan 87%Sept Feb 14 Central VIoleta Sugar Co h« 42 27 .1953 MS ^ ' 32% 52 8% ' deb 51*8....... May 2'Bo 41 Maris 1,300 25 7 43 112 2J00 I.12 8% kill 28 8 '• 17% *6 Celotex Corp 26 20 Apr 23 100 7% prior preferred..... 70 3,200 1i« 41% *29% 501* 275* 4,400 3,100 * 52 ~ 42% 8% 4178 8% *2% 45>* 29 40 *22 501* O Extl 12% Nov, 119 Deo May 5% Aug 39% Apr 3% July Dec 100 , 97% 15% 97 98 15% *38% 16 *92% 49 281* 295* With declaration ^Oriental Devel guar 6s. May 3 17%Sept z2% Dec 19 I 87% 26% 178 22 1 par ' 24 *15 3 »i» 1% 8% '* 5354 32 7D . 85 33 A With declaration.....-u- Municipal Bank extl s f 5a..1970 With declaration 1% 22% *20 r.'.vki 7t A With declaration 11% 1% < - -- ..1966 Externals f 41*8 3 2% 1% 8% *3% 3% 1it %« 'l« V: 85 52 n 1956 541* 51M hi *8% 79 71H *16% 31% *9512 8% ; 15% ,'rs %6 8% 11% • 5654 67 * A With declaration.......... :. L External sink fund 41*s. 0% May 97 40 1% Dec 19 37GMay 26 79 Celanese Ccrp of Amer.Wo par 2% -1% 32% Deo : Caterpillar Tractor....Wo 871* 25% ■ Carriers & General Corp Case (J I) Co...... 30 7% 1% 1078Juue 3 26% Deo 10 3 Dec 22 ....No par 11,000 7% 16 , Capital Admin class A 1 $3 oreferred A 10 Carolina Clinch & Ohio Ry.100 Carpenter Steel Co 5 C 60 67 . 1% "8%- ',ii F 17 97 5% 32-% 98 ft) 3% ? 3% 3% ht 5s.. 1957 17 1 • *3% \ N New So Wales (State) extl De< 21 Apr: 4% Nov 24% Sept ' 25% Jan, 37% Apr; •29% Apr May 14% May 9 Jua 24% 54% 1% 7% 1478 Mar 11 % Dec 3 4% Dec 9 9% Nov 12 10,700 !% *108% n o 26% 97 3% '% ■ 64 49 *601* 1959 MJV 26 1% 3% ft *95% 98 j . 578 3% 7i *50% ...1958 M S 1959 M 8 ♦6s series A 12% July 29 12 9 15% Dee 51 1 Preferred 68 17% 1% 95 24 1% 23% 1,100 2 Canada Southern Ry Co.. 100 Canadian Pacific Ry.. 25 Cannon Mills 118 36% 3678 187g 19% *113% 118% 19 18% 117% 117G 6% 320 63 61'2 118 36 83 25% 25% 2% *85 15% 5% j 7 3% Minus Geraes (State)— ♦Sec extl 17% 98% *15% , IV 17« 23% 23% ' 700 37% 67 26% 1% *17% ."•*% 5 26 26% *95 7 "35* "7% 5v: 26% 27: 17s 24% 3,500 1% *31% *117 90 *85 90 26% 1% 23% 11 f 821* [ 5 ♦Assenting 5s of 1899 1945 Q ♦Assenting 4s of 1904 1954 J V ■T ♦Assenting 4s of 1910..----.1945 A 35* 6?* *85 90 30 19,500 1., 80 V 1% 27 3% 32% 37% 17% 18: 3% 32% i% 79 66 66 66 *24% - 5% •, U ♦Milan (City, Italy) extl 61*8.1952 9 53% Jan 27 8% July 22 ,8 Dee 1% r5% No\ Jan 17 34% Jan 7% Apr 29 Calumet & Hecla Cons Cop..5 Campbell W &CFdy..Wo par Canada Dry G,iuger Ale 5 5,600 1,800 S78 *31% 2% 60% 36% 19% C allahan Zinc-Lead 3,800 17 17% 17% 18 17% 1% 1% 1% 1% 1% 1% *10Si.i U0 *108% 110 *109% 110 *108% 110 1% 1% 1% 1% 1%1% 1% 1% 15 15 15% 15% 15% 15% *15% 16 *2 3 *2 *2 3. 2% 2% 2% M stamped assented May . 35%Sept 17 2078 July 28 56% Nov 5 9% July 24 41.1 sept 9 25 Sept 9 G78.July 28 23 Aug 6 4% Jan 4, 11% Jan 9 100 July 28 76% Feb 14 Packing....Wo par 5% preferred ....50 4.500 12% . ♦4 California ' ^ 12% 534 27 62 18% - 19 12 3% 33 118 18 56 1* 12 3% *32% 119% 119% 6% 6% 6% 66 66: li» *84 ♦Mexico (US) extl 5s of 1899 £.1945 Q 6- par 3,400 38 .,.76 2% Deo 10 5 Byers Co (A M)..i...No Participating oroferred-.lOO Byron Jackson Co No par 12% 3% 32% 2% 36 37% 37% 120 6 16% *50% • Mexican Irrigation— 190 2,000 41% Nov: 5% Jan 4% Dee 10 18% Dec 23 30 Apri 26% Nov 118 5% Dee 23 1% Dec 10 15 Dec 9 10 oonv preferred May 13% May May 9 15% Dee 10 7% pf 100 Butler Bros 5% 11 49 ■. Bush Term Bldg dep 700 5% 12 11% 11% *24% 1% 37% 79% 25% *31% .79% 24% 2% * 120 *65 •. 32% 1% 80 118 18% 3 3% 33% 1% 1 17% ♦Medellin (Colombia) 6l*s..._ 1954 Memloza (Prov) 4s read) 1954 190 2,300 h 27, 27 27 3 33 79 37% 6 27 . 25% 2% : 2% *59% >62' . 1[ ♦Leipzig (Germany) s f 7s 1947 1i ♦Lower Austria (Province) 7 l*s.'50 20,100 1,700 No par Butte Copper & Zinc Stock Day 56 % 5% l 5) 578 *24% 70 365* — *50% 11% 37% 791* 581* 35 ..1905 MN With declaration.,. , Exchange 117'*17% 12 27 3% 34% 79 2954 17«,i *50% 11% *31% ' 46M* 10 ...... Extl sinking fund 51*8 Burliogtoti Mills Corp. 1 Convpref $2.75ser..Wo iar Burroughs Add Mach_.No par Bush Terminal 1 200 / 16% 4%_ 4% 18%- 18% j 88 , 56 17% 17% 56 12 11-% *26% 3% *33% 1% *117 * 1...N0 par 2% ,10% % l 5% 12 231*; ' Irish Free State extl s f 5s....1960 UN F i Jan, Jan 13% May 14% Sept 22 37 Sept 13 23% Mar 21 12% Jan 6 5% Dec 9 18% Dee 9 23% Deo 26 '....No Bullard Co Bulova Watch 2% 38% Nov! 27 2% Aug 9 6% Jan 14 Feb 14 par Budd Wheel 5,400 2% June 2% Deo 51 3,000 1..000 1,600 6% *2% 16% 2% 17 18 *16 2% 6 2% ;■ 100 "T Jan 45% Oct 9 7% Dec 10 No par 7% preferred 25% IX* May 41 12% Deo 100 zl09 Budd (E G) Mfg 210 19% 23% 16 5 7% preferred 15,500 6 19% 23% 6% 17% *50% 18 *50% 5 I .41* 314 With declaration. If Japanese Govt 30-yr s f 61*s..l954 170 2% 60 30 ( 24% Mar .Closed— 17% 6 25* 1901 M N 1J ♦Italy (Kingdom of) extl 7s.. 1951 11 ♦ital'n Cred Consortium 7s ser B'47 If ♦Italian Public Utility extl 78.1952 . 16 6 i 7 6% 2'* J M N tHungary 71*8 ext at 41*s to..1979 2% 60 Brown Shoe % Jan 70% Mar Apr 29% 12% May 26 Apr Nov Christmas 1945 J 1940 J B *105% 110 2% 58 300 28% .34 123% 25% Jan 26 Dec 22 Dec 17 Jan 16 7 1: Co---._._i\&> par Bruns-BAlke-Collender.Aro par 7% 7% 89 . Brooklyn Union Gas..,No par 30 13 Sept 18 Jhd A pr Nov 95 12% Aiiff 19% Maj May 51% De< 19 May 17 June 9 Jan Apr Jan 23% ,16 99 3i,i July 30 39% Jan 6 17l( Dec 17 .12% Jan ,%Decl6 i 34% May Jan 18 Nov 22% 11% 13% May 9 21 Aor 18 38 .-*.5 % 1 7% May Jan 93% Nov 134 5% May 23% July 11 Apr 19 39 June 21% Sept % Feb 19 Nov 19 221? Mar 50% Jan May May May May 15 9 54 Apr 29 May June 11 Jan share per 14 111% Jan 23 16% D93 23 1, 17% 49% 22% 63% 109% 54 35 9 Highest $ per share $ 1 Oct 24% Sept on-17 !: 23% Dee share Mar 13 17 6% Deo 0 14% D30 26 t 8% 19% 23% 478 10 Brewing Corp. of America.. 15 per 90 A or 21 10 ' 5 Bridgeport Brass Co.. JV® par Brlggs Manufacturing. JV® par Briggs & Stratton.i...W® par Bristol-Myers Co..1 on, 17 Dec 26 Deo u 29 ' 100 4,600 700 9 Deo May 3,8 ....5 600 19 1878 90 1 •[Hungarian Cons Municipal Loan— •J♦Hungarian Land M Inst 7}*s 1961 7% 22% Dec 26 Dec)9 8 1% 7% 10% 89 10 17 Year 1940 Lowest 2078 Jan 10 57 May 34% July 23 89% Jan 3 131% Jan 28 3178 Aug 8 2378Sept 2 10% Jan 4 18% Jan 8 D33 0 Jj *^7 %ia%D33io Boston & Maine RR._ Bower Roller Bearing Co 9,900 23% 7% 17 16 6% 6% 89 ,500 23% 18 10 . 1,400 19% 2% 2% 6% 26 26 ./ 16,700 1% 29% ' 24 2% 478 18% '5 Botg-Warner Corp) 20,% 1 *27 Bond Stores 30% 6% *16 18% Bordep Co (Thel^.i.._%■; 2.000 19% -6 18 *4% *18% *2% ;9,300 $ Dec 10 116 T...JVo par 18 18«4 share Aug 18 19% Deo 26 51% Deo " Bon Ami Co class A ...No par Class B... 17% 23% 15% 2% *17 60 170 18% 54 *52% *2% H ♦Haiti (Republic) s f 6s ser A..1952 1,100 19% Range for Previous ■ Highest Dec 18 11 ■ "V, 400 90% 40 23% 6 6% 19% 24% 15% 16% 54 6% 6 18% 29% 90% 16% 6 6% 19% 19% 25% .24 6% *18% *24% *15% *52 % .... 18% 29 24% 110% *105% 110 2% ; 2% 2% 2% 58 57% 58% *57 '2% 59% 600 " 14%, 12% 7% , 160 75 24 110 112 2% "7 ".'izx? ~*h~~ 7% ION , per Black & Decker Mfg Co No par 15% Blaw-Knox Co 4....V0 par 7 5 Bliss & Laudilt'i Inc........5 13% Bloomirridale Brothers.JVo par 10 Blumonthal & Co pref 100 :■[ 73 Boeing Airplane Col........5 112% Bohn Aluminum & Bra^s...5 j 25% 8,400 40 , 20% 1% 29% 1% 1,500 1,000 5% 14% 10 92 19%. 600 24% 16% , *13% .*60. 29% 29% *16% 43, *30 30% 5% • 100-5/iare Lois 50 Bethlehem Steel (Del)..Wo par 7% preferred 100 Bi-jelaw-Sanf Caru Inc.Wi par 25,509 15 7% "12% 7% 22% 16% 18% *7ie 12% 62 17% 7% 15% *1 30!,i 109 60 $ Par Beneficial Indus Loan..JVs par Pr pd $2.50 div ser'38 No par B est & Co. ,V0 par 3,500 26 42% 13 55% 20% 117%, 117% On Basis of Lowest 6,50!) 19% 41% 17% %8% 18% .19% 16% 7% 7% 14% 7% 30% Shares 11% *521.i 29% 30 *24 1 $ per share 75 *90% 19% 1% 1% ? %« 1 7% -7% 9>*. 9 *61* .1904 k. ll( *7% 59 61* 19% 43 12io *30 ■w.!- -k: f ser 7s.. 1904 MJV ♦7s part paid ♦Sink fund secured 6s | 145* 2% 1[German Prov & Communal Bks ♦(Cons Agrlc Loan) 61*8....1958 8 per share *40 19 )30 24% US J US 7% 7% 81*' AO 18% 18% 7% 15% 24 *7jg IJGerman Govt International— • 7% , 16% 24 24 Dec. 26 11 Range Since Jan. 1 YORK STOCK EXCHANGE Dec. 25 j 18% 18% 28% 91% 41% 18% 91% 41% NEW ■ 55% *60 :75 96' 27 45 •. 6)^8.. 1953 55 4 54 j 2019 20 STOCKS , the Week 59% 60% 59% 60 117% 117% 117% *117 23% 23% 23% 2416% "-16% 16% 16% 5% 5% 5% 5% *14 14% 14% 14% 10% 10% *10% 12% *60 29% 4' Friday 1.1% ♦52% 55% 19% 40 *18% 51 *46 Sales Thursday 24 $ per share *52% 40 ;• 1945 M S Dec. 11% *92 j Finland (Republic) ext 6s With declaration. 23 $ per share 55% 20% 20% 20% .. 71* Wednesday 11% *52 52% 20% 59% - 1948 J Dec. 22 IDs 52% i 52.' 521* M N Tuesday $ rex ] . 52!* . SALE PRICES for Monday High. 52 3 70 *60 1909 A *E1 Salvador 8s ctfs of dep ♦Estonia (Republic of) 7s HIGH Saturday 521* §2 521*, *02 70 S 2d ser.. 1901 M ...... LOW AND Jan. 1 Dec. 20 Dominican Rep Oust Ad 5 %J8_. 1942 M S §♦ 1st, Her 5^s of 1920 1940 A 0 §♦2(1 series sink fund 5V£s.._1940 A 0 5%b 1st series 5%iR 2d series Range Since ^2 Friday's lltd Foreign Govt. & Munic. (Cont.) Customs Admin NEW YORK STOCK RECORD Week's ' La.tt Price -1707 v-, i, , NEW YORK STOCK Tuesday, December 30, 1941 FINANCIAL CHRONICLE THE COMMERCIAL & 1708 NEW YORK BOND RECORD RECORD Friday ' , SALE PRICES LOW AND HIGH Monday Tuesday Wednesday Thursday Friday Dec, 20 Dec. 22 Dec. 23 Dec, 24 Dec. 25 69% 70 *6812 $ per share $ ver share $ per share $ per share 68 69% ••»'« ok 5% 5% 24J; 5% 24% 5% ,*23q 24% ,24% 24% 24% 18 16% 17% 16*4 17% 17 . 17 *!)J v !I7 ' 97 *90 40% 20 2~ =' % 4OI4 22*8 IOI2 *81U 10% 2*4 13% 22% *934 77 22% 22% 10% *77 92 92 '• "92 *91 42 20% 3% 14% 20*4 8-5 13% 13% 22% 101 87 13% 41% 20% 2% 40% 20% 3% 13% a:20*8 40 2*4 14 14% 22*2 10% 6 20% 934 »% 12*4 11*4 *79 83 8314 83 83% 83 83i,i 6,309 16,300 1,100 82 941 *92 94% 11% '190 8,800 97,300 Consol E'llsoti of N Y..No par 4,400 $5 preferred.......-No par 2,700 1,100 *8 % % lo % *8 % % 7% 1*8 7% 7% 7% 7% 7*8 1% 1% "1% 1% 1 1% 7*8 1% 7% 1% % 5,300 5*8 5 5*8 5% 4*4 *3% 5 5% 514 *5's 4 4 *1812 22 9712 22 *18 *96 5 *96 4*4 22 *4% Consol Film Industries....-1 $2 partlo preferred No par Co isol Laundries Corp 5 97% 96 90 11*4 11% 11% 11% 214 2*8 100% 100l2 2% 99% 99% 11*4 2% 2514 7*8 41*8 41*8 41 2% 3 257g 25% 73g 23i2 24% *714 25*8 *10'4 50 *1612 3 26 17 27g 2*4 22*4 1012 IOI4 50 *48 S8 11*8 9114 13 *8 *8 llU 90l2 lllg 9012 12*8 11% 9012 1314 1234 6% 6% 15% 15% 49 *36 42% 12 90 v 91 6% 11 10% 10% 86 84 84 31*4 3234 32% 33% 3178 16% 41 11 84% 32% 76*4 77 78 78 78 78 10% *84 *35 42% 40% 10% *84 49% 16 41% 10>8 42 Christmas 10% Day 32*4 *3*8 91O 9% 9% .r 9 *8% 9% 7% 7 7% 7% 714 7% "'7% 120 *118 *1141® 126 *114% 130 *114% 126 74% *73 73 73 12% 127g 12% 13 *72 75 12 13 12*4 13% *12% 13 12% 13 100 *97 100 *97 «16 % U16 % 99 *97 16 15 15% 14 16% 16*4 16% 8% 16% 16% 24% 24% 8 *80 83% *80 14% 16% 8% 24*8 83% *44 49 *44 49 8% 25 25 *80 83% *44 49 15% 15% \ 8% 8 24-% 15*4 15% 15 3,700 12,400 121 6% 510 5,300 6% 1,100 5,800 1634 42% 10% 3,500 83% *41% 10% 83% 32% 140 600 3234 78% 9% 7% 78 *8% 7% 4,200 900 180 4,300 119 *71% 10 73% 400 2,700 1,600 12*8 11 11% *12% 18 12% 12% *97 99 *97 % *8 % ht 15% *8 12 119 72% 72% 12% 4,700 91 78% 9% 7% 78 3 16 86 7io % 13*4 14% 17 17 171 8% 8% 24% 2434 *80 49 8 24% 83% *44 8% 2434 80 30,500 1,170 3,900 17,900 3,100 7% 7% July 30 May 7 10 13 21 22 31 % Aug 6% May . ' - July 21 106% Jan 22 Dec 10 10 Jan May 75 4% May 21*8 May 97% May 16% July 22 5% Aug 7 Dec 10 Jan 3 109*4 Nov 5 111*%! Dec 8 111*4 Nov 24 2% May 6% May % Dec 2% May 8*4 May 93% May 978 May 28% Dee 22 ! 2% Dec 10 1 Coty Internat Corp..->-.^-l Crane Co 25 Coty I no 97g Apr Cuban-American Sugar—-100 Preferred 100 conv preferred—.100 Cudaby Packing Co —30 Cuneo Press Inc —.5 4H% preferred ...100 Curtis Pub Co (The)—.No par 4% Apr 2% 3lg 3 1512 1014 .10% 3*8 3*8 *14% 16 10*8 *10 10*8 112 112 *110 21*8 21 21*8 20% 28 10i2 6*4 27g *ht.. 's 187g 19 28 28 27% 21 "4 *27*8 *lCig 6*8 2*4 934 934 9% 6*8 7 6% 2*8 27b 21% 27% 934 6% 234 2% *13 ••.'.'J. Jan 3534 8' 16 8% 1534 66 66 65 65 68 8 8 *8 8% 1 — Dec 26 80 ...No par 42% Feb 4 14% Dec 10 33*4 1934 10% 3334 1914 3334 1934 *3234 19% 10 10 66 66I4 6434 10% 65% 64*4 120*4 12*4 121*8, 12%l 33*4 191a *212 27g 25l2 2% 2'8 132i8 133 65% 123% 122 123l2 13 13% 13% 13*4 2 34 2*4 19% 934 6434 12234 1334 2*4 6*8 *2*8 122 24*4 2i4 8,000 2% 6% 234 % 17% 1234 22 18% 13% 22*4 3534 3534 6% 70 18% 10% 63% 18% 10% 64% 2,000 8,700 3,100 2,500 2,900 *2% 123 May 41 May 40% Dec 165 May 4 61% 65 Jan 124% 125 *124 125 114 114 114 114 114 130 25% 2% 25% 2% 131 132 134 176 *174 176 *174 *27l4 28 28 29 28*4 *1414 15ia 15'2 15i2 14% 19 19*8 19*8 20 19% 117g 12% 117g *8 12U 12 234 2% 69 *65 15% 18% 19% 1134 12 % »32 IS 5*3! 15;,, % ' % S4 » 29 29 28% *26% 26*4 28% 2634 26*4 26% 22% 22*4 22*4 43% 234 43 65% *106% 10934 % 2% 2*4 65 *65% 2% 200 70 *74% 80 %« %« 37-18 1 1 1 1 *1 1*4 1*8 1 1 1 *1 *1 37 4*8 *2112 *1 3514 22% *7 * May 32*4 1*8 195g "1*8 7ia Apr Dec 106 Nov 45% 12 75% 47% 95% May Dec 4% 19*8 9l2 .... 94 33% 21*4 7% >— 94 19*8 1934 *19% 19*4 934 9% 9% page Co—20 No par Duquesne Light 5% 1st pf.100 $4.50 preferred— Eastern Airlines Inc...——„1 Eastern Rolling Mills 5 Eastman Kodak (N J) .No par 100 Jan v 1714. 414 21*8 % 33% 78 1 * "1% 21% % 21*4 4% *93! 34 2234 7% 94 6% »— 19% 19% *19% 9 9 22 7 .... 1 35% 22 *9 1% 4% 22 hi 36 22% 6% 31 9 ;1 ..... ...1962 sec extl With declaration "4% if n ..... "354 1958 7D 1958 J D ♦Silesia (Prov of) extl 7s ♦45-49 assented F 90 Aug 12 75 June 92 A 42 Sept 60 May 20 14% May 23 US With declaration External s f 5Y2n guar.—...1961 AO Mar Oct July 14 With declaration........—.. U *57*4 ♦Uruguay (Republic) extl 8s.. 1946 F A ♦External s f 6s............1960 M N ♦External s f 63— -1964 St N 5% Sept 12 Sept 8 3 Jan 24 28*s Sept 18 30% Aug 7 18*8 Jau 2 14 July 31 6*4 Aug 1 Elec Storage Battery—No par Ei Paso Natural Gas 57*4 *5754 3 41 32 May 43% Feb 4*4 May 12% May 50% May 10% Jan 3 Deo 38 14 11% May 65% July 14134 Jan 4 23%Juue24 127% Nov 14*4 Jau Jail 0*8 Jail 8 10*4 July 29 117 127 Dec 15 5 May 9% June 947g May 171 Apr 30 Oct 13*4 120 114 May 22 2% Dec 10 Feb 26 par %«Nov25 par 4% Dec 10 2*4 Dec 9 32 Aug 12 % Dec 9 9 % Dec 10 *4 Dec 75 Feb 28 4 1,800 Ex-Cell-0 Corp 3 21% Dec 9 Exchange Buffet Corp..$2.50 >n Deo 4 Dec 9 Dec 10 16%June 24 6% Dec 26 32 90 May 2 19% Dec 24 834 Dec 12 July 7 7 Oct 14 Jan 11 80% Apr 4 83% July 17 89% July 24 % Jan 30 10 6% Nov RAILROAD and INDUSTRIAL COMPANIES lAbltibi Power & Paper— {♦5s series A unstamped.— .1953 ♦Stamped .......1953 ....... Apr if ♦Adriatic Elec Co extl 7s 17% Jan Ala Gt Southern 3 May 18% May 15% May *247s June 20 May 35 May 102 May 5% May 36% Nov 33% May 4178 Jan 48 Apr Mar 112 12% Jan Feb 28 Jan Jan Jan Jan 2 8 0 7 cons D A 5s. 1913 J 1952 Albany Perfor Wrap Pap 6s—1948 1948 guar3>4s A 1946 6s with warr assented Alb & 8usq 1st 354s registered—... ........ 1946 Alleghany Corp— 5s modified. ..............1944 5b modified....... 1949 5s modified...............1950 ♦5s income—. 1950 AUegh & West 1st gu 4s A 89 Jan Allegh Val gen guarg 4s 97 Jan Allied Stores Corp 454s debs.. 1951 Jan A 1942 May 20% Jau *g Oct 8754 6854 6054 6054 57 56 57% *60 6954 11% 1 Jan Am Type Founders conv deb—1950 Elec 6s lOOhfl 13 8 103% 103% 10754 A J O D S 59 10354 98 10754 5 "5854 "6054 136 10254 103% 13 9854 23 33 106 107% 10754 10754 10834 104 104 3 107 2 3854 10654 105% 3854 10554 38% 5 ser 29% June 17% May 49% Apr 31% Apr Mar 17 11 May Jan 27 85 June 10 July 29% Jan General 4s 1995 A 26*4 July 24 14% Jan 24 15% Oct Adjustment gold 4s... 1995 Nov 12% Aug 64 65% 10354 10354 104" 10354 10754 10754 108 86% 87 104 187g Apr 100 106 106 Anaconda Cop Min deb 13 98 10754 10654 J A..1975 UN A O 4548—1950 Jan ♦Anglo-Chilean Nitrate deb... 1967 tAnn Arbor 1st g 4s 1995 Q J M S Ark & Mem Br & Term 5s 1964 F A Armour & Co (Del) 4s B_. 1955 J J 1st s f 4s ser C (Del) 1957 Am Wat Wks & 62 M 8 A Apr 34*4 May 1001*33 M S F 45% Jan 3 24% Mar 10 102 Mar 10354 Atchison Top & Santa Fe— For footnotes see page 1715. 11 8954 70 70 debentures............ 1901 J 354sdebentures...... 1966 M 3s conv deb. 1950 3 54a 60 85 8954 Pow deb 5s 2030 M 8 Ainer I G Chem conv 554 s 1949 AfN J J Am Internat Corp conv 5 54 s. .1949 American Telep & Teleg— r 82 O Am & Foreign Feb 56 "82 O Ills-Chalmers Mfg cbnv 4s...1952 M S if»Alpine-Montan Steel 7s...—1955 10054 *53 « 1998 Dec 5 10654 * A O May 67% Aug )00 106,% O Jan 7g 100 O 77 5 *100 D .4 00 67% Aug 2% Dec 51 "ioo" D J 83 5 3% 8*4 30*4 % 1st 1st cons 4s series B— May 1 1*4 Sept 24 1*4 Sept 24 75 J A 63 % Dec D 1943 37 10% May % Dec J 10-year deb 454s stamped—1946 F A 41*4 Apr 18*8 Apr 1*4 Jan 8% Jan 407g Nov May 4 42% Nov 1*4 Oct 1947 Coll trust 4s of 1907 :l 10% May May J I) Adams Express coll trg 4s....1948 M S 25 Aug 22 7% Aug 6454 5354 10154 Jau 17% Sept 8 33% Jail 10 17*8 Jan 6 % Aug 5 4% Jan 11 39%Nov 6 47% Sept 22 64*4 5054 With declaration Jan 36% Jan 10 33 354 Mar Dec 18 113 354 354 1961 J D ♦[Yokohama (City) extl 6s Apr 10 14i® Feb 14 36%Nov 6 34% Aug 29 3?4 With declaration 24% Apr 2378 Jau May 9 79 W Feb Jan 22 45 UN ♦Warsaw (City) external 7s...1958 F A ♦4 54s assented 1958 F A Dec Deo 26 Dec 23 5554 O ♦Vienna (City of) 6s ....1952 [♦Venetian Prov Mtge Bank 7sl952 14% Apr 30% May 166*4 74% Dec 19 ...5 23% Jail 28 17% July 14 9 Dei 180 of deposit..100 Federal-Mogul Corp 11% Nov 10 37% Oct 39 80 June 69% Dec 23 $6 preferred No par Federal Min & Smelt Co 2 0 June par Fairbanks Morse & Co.No par Jan 117 par Fajardo Sug Co of Pr Rico..20 Traction...15 86 Feb 20% No' 155 Feb 19 Feb 19 52 55 55 Apr Jan 145%Sept 18 182% Jail 9 Dec 24 52 J Jan 23% 36% May % 27% 23t2 26% 22 Jan *4 12% May 257g May , 3 4 A J 45 D F 53 —55 Jan 57g % Aug 12 23% Apr 7 20% Sept 15 29% Jan 11 5% Jan 23 65 Federal Light & Dec *ii Dee 23% 2% 1978 1978 1984 J A 28% May 19*8 Apr • 8% May 44% May par ...50 Juno 1 Fg May 3J-4-4)4-4'n extl conv 4-454-4549 extl readj 3543 extl readjustment Apr 25*4 Junr 39% Feb 14 preferred ...No preferred......No $6 preferred.. No Equitable Office Bldg—No JErie RR common w l.No 21 Apr Nov 237g 2 107% Nov 24 $5 8% 114 June 13*8 May Jan .100 Engineers Public Service.... 1 107 3!%-4-4548 ($ bonds of 1937)External conversion...—1979 MN 57*4 ■ 5154 5154 1979 St N external readjustment 5% Mar 18% Nov May 34 Endicott Johnson Corp..—50 5% preferred 3 13'4 May 3% May May 14 1% Dec 10 120% May 26 160 Apr 29 % Jan *4 J 1955 Sydney (City) s f 5549 YO" 32*8 Mar 112% May Dec 10 4 A 35% 2 10 "354 »•) a,,; ♦silesian Landowners Assn 6s. 1947 F May Oct 11% Mar 29*4 Dec 6% July 21% May May ...3 Elec & Mus Ind Am shares— Electric Power & Light .No par $7 preferred No par $6 preferred ...No par Electric Boat.. 4 354 1902 M N With declaration... ♦7s series B 51 June 34*.i Feb 10 10% Sept 8 29% Jan 10 118 Deo 18 43 With declaration 111% July 9 24 . ..1946 ♦8s secured extl 189% Apr 129% Deo 118*4 Jan 5 600 54*4 if Tokyo City 5s loan of 1912.. 1952 140% May 1% Dec 13 '"400 53 ^Taiwan Elec Pows f 5543—1971 J 113 5 94 20 9*4 53 Jan Oct 7 Eureka Vacuum Cleaner Evans Products Co 1,300 1,700 1,500 O 4% "1% 6 9 2,000 1,500 300 A 7s Apr Feb 17 Jan 18 Electric Auto-Lite (The) 2d pref ctfs 25 1940 s f ♦Sinking fund g 614s Dec 16 164*4 Jan 27 Edison Bros Stores Inc Erie & Pitts RR Co 78 1% 4% 2554 22 29% 19% June 2 138% Dec 24 120% Feb 14 4 .2 5 Eaton Manufacturing Co 5% pref series A w i 100 Ctfs of deposit— —100 1st pref ctfs of deposit.. 100 *914 For footnotes gee 8% preferred Du P de Nem (E I) & 1,300 1,600 1,100 : 7 May 3 33% Dec 19 17 May 31 9% Dec 24 59% Dec 9 No par 1/1)1% Sept 16 12% Deo 18 2% Dec 10 6 Dec 24 No par 105 Aug 4 -109 Dresser 3,000 *8 33 No par Douglas Aircraft Dow Chemical Co 15,400 *% 21% 7% No par Doehler Die Casting Co No par Dome Mines Ltd.. No par Class A 1 1% 2554 25 22 45% Dec Jau 18% Jan 11 1 *1 2554 25 J 878 May 91% Fei May 45% Dec 9% May 12%May 12 65 Dec 24 36% * 25% J 60 Ltd .No par 1 4% 21% 712 36% J 4 10% Jan 10 1 h 34% 3*4 5% 3% 2,100 2,000 1936 9 6% Apr 21 1% 1% 21% 227g 5 %6 6354 10*4 10*4 31 ■[♦Saxon State Mtge Inst 7s...1915 Doc x9'J Oct 3% Aug 5 62% 1054 10% 31 6254 1968 J 21 % May 1*4 May :3 4% June12 5% pref with warrants—100 Dixie-Vortex Co No par 9 Serbs Croats & Slovenes (Kingdom) 18*s June preferred—.---25 Distil Corp-Seagr's 9% {♦Secured Jan Diamond T Motor Car Co...2 1 u 712 12% Dec 17 21 DSC 23 3634 4*8 34 17% Dec 26 1 1% 43g 21% 22 20 1 1 9 pf.100 36% 78 Dec Raynolds A ..No par Diamond Match ..No par t Denv & R G West 6% Detroit Edison..—. Devoe & 1% 1% 4*8 % 36 23 3% Apr 30 9% Dec 23 2% Feb 19 heSept 23 1 1 "~i% 5% 334 ht 8% ♦0s extl dollar loan Feb 11% Oct 41 40 J M N ♦,8s external—.............1950 J J ♦7s extl water loan ...1956 M S 1% Apr 24% Jan 3% May 114 9 9% O 1957 extl secured s f {♦San Paulo (State) 8s 7% Apr 36 6% Apr 18 109% July " 18% Feb 0 Ctfs of benef int w L.No par 2112 22 94 ♦8*4 36% 1 5 5% 334 36% 78 138 43g *14 358 38 78 1*8 5% 11,600 400 70 74% 37S 10 70% 70 74% 5U 400 84 69% 514 3»g v *69% *74% 70 77 3*4 1,000 3,000 1,600 200 70 5i4 23,200 1,900 70 *72 514 3*4 37*8 5,000 4,900 *65% 73 %6 2% 400 17,000 70 77 '18 • . 27 22% 28 27% 22*8 28% 2634 2984 2% "1,366 30 ♦6 Deo 'iiSept 18 27 6% cum preferred 29% *72 '18 176 *14% 44% 43% *43 IO934 109*4 *10o% 1093.1 1 134% 15% 20 12% *68l4 3 1,500 4,300 2§% *42% 27g 2% 29% 69 2*4 *6512 22 8,000 *14% 193s 11% 5%« 29% 27% 2634 50 25% 29% 14% 19% 12% *8 Apr 21 3 .20 Preferred... 6% partic D 1952 A ♦Sao Paulo (City of, Brazil) 8s. 1952 M N Jan , 184 7*4 38% 14% Dec 15 Deisel-Wemmer-Gilbert-... 10 Hudson...—100 Delaware Lack & Western..50 Delaware & Duplan Corp..... 125 2% pf.100 ....No par 300 14% 234 13,100 1,100 25% Co (The).l Day ton Pow & Lt 4>£ % 6% 117 *112 1361.1 139% 25% 2% Davison Chemical 137% 13834 6% 112% preferred 100 *2% 6 6 5 25 Davega Stores Corp Deere & Co. 1907 J ♦7s municipal loan 18 10^ 8%f 85* 3*^8-4-4549 ( 5 bonds of 1937) Mfg Co..t——No par Duuhill International... 1 132 *108!8 500 125% 14% 130 2712 2314 42i2 3,600 700 *174 26*4 16% 34% 176 84 18 U16 29% 30 29 2678 *26*4 28 27 27i2 27i2 22U 2278 23l4 43 43 42i2 *108's 110 110 600 *32*4 133 *4 2812 1,180 3,800 112 2% • 1,300 11,000 68 131 9 21,800 *65 *174 »16 400 1,300 700 16% 176 *174 50 52,100 117 137% 24% 25i2 2U "*300 9 34% 19% 10% 65% 124% 14% 2% *3234 10 *6 7 *6 6I4 014 *112% *11214 11634 *112'4 117 1381s 13912 137% 139U 136% *122 124*4 124i2 125U 125 *113% 113U 11314 *11318 114 25i4 34% 19% 10 10% D M 8 17% Dec Jau 10% 8% 854 8?4 .1906 MN J 25% May 70 May June 45 53 9 Feb 47*4 Mar 29 6% Dee 10 24 Dec 10 1968 J f g 196 4 99 Dec 19 16 1 s 1953 16% Jan 25 13*4 Dec 26 Preferred— --No par Prior preferred..—--No par Conv 5% 81® *8 8% 8% 2,700 16 201® 27% 10% 10 8' 16 8 16 ♦0s extl Santa Fe extl s f 4s 4*4 June 1% Jan .1946 40 ♦8s extl loan of 1921... "[| ♦Saarbruecken (City) 6s 25 — 28 y2 8 10 407g Mar May Dec 26 8 .1953 F A 6^8 Jan 75 Deo 10 sec Apr 25 — Cutler-IIararaer Inc.-.No par %6 2% *8% 15% 36 68 27% 35% 36 16 27% 10% 6% 2*4 6% 1334 21*4 35*4 37 70 *27% 10% ♦Extl Rio Grande do Sul (State of) 33 6 8 A R Jan 97% 13 Dec F 1947 f ♦Rhlne-Maln-Danube 7s A.. .1950 M S ♦Rio de Janeiro (City of) 8s— il940 A 0 108% Deo 19% Apr 47 July 15 77 78 O 25 47% Jan 3 98% Jap 6 13% Nov 22 12% Deo 10 99 Dec 16 Cushman's Sons Inc 7% pf.100 112 20% 18*4 *36 *65 10% *109 l16 187g 334 20% 13% 21%, *2112 8*a 15% 110 *3 *14% 20% *18% 19 18*4 13I4 ■1234 21 21*4 9 10*8 110 13 21% 36 18*4 12% 21% *812 157g *»4% 1 %« I27r 22 12*4 31 16 10% :r3% 3% 15i2 *934 *109 no 110 3 *14io Queensland (State) ext^6s 5% Nov 23*4 Nov 75 8% Sept 127%Sept *72 1952 A Apr 94 Feb 15 9 Apr 8% D *i4ia ♦Externals f 6s 10% Apr , 45% Jan 9 15*8 Jan 7 41% Feb 20 9*4 8 54 O 3% 4 *4 3% 1054 3% 454 Apr 9 72 8% 8K 9 9% 9 . "554 "l4 '■8% J J 49% Dec l%May 6 3% Feb 15 ~ " "1% ""5)4 , With declaration........... May 4% May 27% May 2 May •0 De. 100 - • 28 73% Dec 10 1963 ♦4Hs assented ♦Porto Alegre (City of) 8s...—1961 J D ♦Extl loan 7^8—..—.I960 J J ♦Prague (GreaterCltv) 7)^8—.1952 VN ^♦Prussia (Free State) extl 0>tfsl951 M .8 Jan 1% July May May -10!) Curtlss-Wrlght . Jan Oct "*554 ""4 Feb 32% 27% Jan 10 Dec 19 ;554 "Is "554 - 10% June 18% May 15% Mar 3 80 5 5% conv preferred CubaRR6% preferred preferred 9 554 ,..5%. "554 With declaration........... Apr Jan 19 6 38% Dec 12 Dec:10 10 preferred No par Crucible Steel of Amer.No par $8 15% 26 15 $5 conv Class A Dec 4% Jan J Dec Jan 16 107 12 Crosley Corp (The)—No par Crown Cork & Seal...-No par $2.25 conv pref w w..No par 15 O J 11% 13*4 10 110% Mar 33 8 19% Jan 10 Dee A 14 12 4 '.'"2 *1054 nigh 6% ..... With declaration % Jan 14 88 pref—.100 Cream of Wheat Corp (The).2 O 8s....1950 ^♦Rome (City) extl 614s 4% Jan %6Decl8 11 Deo 9 Crane Co 5% conv Crown Zellerbaeh Corp 42% Apr 21 Mar 31 170 A No. Low High O 99% Deo 100 June 70 2 Nov 5 Jan 14 Jan 2 56*4 Sept 27 52% Jan 8 53% July 28 182% Jan 10 15% Apr 25 ■?. 9% Dec 9 48 Dec 24 25 100 Refining Preferred Sept g ♦7s extl loan of 1926 45% Sept 30 4% 27% 23% 18% 17% Feb 24. 30 49 15% 40% Jan ,10 /■ 2% Dec 10 Continental Motors ———1 Continental Oil of Del 5 Continental Steel Corp .No par 3,500 80 *41 15*4 15% 15% 99 14. 13% 16% . .. , Corn Products 40 121-> Closed— . 6% Jan 24% Fob May 63 h> 8% July 10 July 3% Jau 6%May 9*4 Nov May O A With declaration 23*8 Jau 13 107% Jan 11 Mar 1*4 June 73% Jan 33 A pr Asked With declaration— 10% Apr „ 2% May 97*4 Jan 28 103 Jan 15 , 113 May 14 Dec 23 1% July 56 25% June Jan 10 May 23 22% Dec 24 Continental Can Inc..-.-—20 Continental Diamond Flbre.5 J," 6% Feb 3 Continental Insurance.—$2.50 f 35% Feb 14 8,900 12 Exchange 4 18% Aug 28 23% Dec 3 15% Jan 16 34 Feb 15 Feb 15 Dec 10 Dec 26 ....... 2,670 2,300 100 89 16% *33% 32% 2,000 175 Stock . . ♦External sink fund Feb Apr 108% June 42 . . ■ % Dec 2 30% Jan 11 1% Deo 26 5 Dec 23 i Copperweld Steel Co .—5 Conv pref 5% series 50 Corn Exch Bank Trust Co..20 % 61n 9,400 i9,200 Preferred called 50% 29% 3 12% 2,600 _3,100 49 * 90% 12% 8 65% July Nov29 Dec 19 Dec 9 Dec 24 Consolidation Coal Co...—2£ ; 2% 5% conv preferred.; 100 114 f 93Consumers Pow $1.50 pfNo par 11 Container Corp of America.25 2% Continental Bak Co ...No par 8% preferred .....—100 i 79 29% 10% *46 *6% 12*8 6% 1534 1134 7% 41% 2% 23% 16*4 10% 23% 16% % 12% 90% 500 33,500 3 *8 10,500 24% 7 40*4 234 175 *8 2S4 2334 29% 50% 28*4 97 2 *4 Ks assented Jan ■ 200 48 *160 11% 15*4 6% 48 3 3g 6% 15 10% 16% 3 12% 95 7% 41% 2% 23% 16% 10*8 23*8 28*4 3 94% 4,400 111-%! 1 U*%! 24% 234 49% 50 175 175 3 3 3 3 1134 7% 50 2812 11% 2% 98 41% 10% *48 2812 2934 30 4914 50U 50 178 1771a 1771a *175 2914 49*4 200 22% 16*8 16*8 10 93 *1115%,.... 23% 714 40*4 27g 2512 714 40*8 93 12% 2% *95 99 2234 41 251.4 1634 17 10*4 *48 7i# 200 96% 2*8 2% 2% 99 23 23 11% *1 11575,.... 111 *7 Jt 111*7S2 *1115732 2,000 *18 *20 *94 11*4 5 3% Consol Oil Corp.. No par 1,800 ^Consol RR of Cuba 6% pf.100 3% *4% 5 4 3% 4% Deo 22 Deo 10 % Dec 10 7% Deo 9 • 5% 4*4 334 21*4 5% 5 4% Jan 15 »i6 Jan Dec 4,8 & *554 A .......1958 f 7s....1917 s Bid Low .1968 ♦Stabilization loan 8% Mar .26 June 11% July 28 £82 71,100 lo 110 9 June 32 4% Deo 10 11*4 Dec 18 Dac 24 i 6% 712 *1% 5*8 37% Jan 10 Deo 23 Deo 95 ♦4 Hs assented Apr 98*4 14% Mav 27*8 June ■- 7 Mar 77 Corp.-.5 Consol Coppermlnes 31 104*8 Oct 31 90 7% preferred 100 6H% prior preferred.-.100 82% % 7% 1134 82% 83 x82 $4.25 conv pfser '35.No par 12% 6 6% 12% 6% 12 (Concl.) {♦Poland (Rep of) gold 6s.■—1940 $ per share May 3%May .28% Aug 28 w 8 (19% Deo 17 101 Dac 20 7% Commercial Solvents.-No par % Coinmonw'lth & Sou..No par V $6 preferred series..:No par j 39% Commonwealth E llson Co.25 |20 }. 2% Coude Nast Pub Inc..-No par i 13% Congoleum-Nalm Iiic.No par Consol Aircraft Corp 1 : 18% 9% Consolidated Cigar No par 60 77% 6% 1178 6% 11% 600 3% 14 20*4 9% *2*4 13% 93 92 92 6% 20% 99% Apr 71 7% Oct 22 4%May 16 21% Apr 17 ; Coram'1 Invest Trust..No par 400 41 Price Highest $ per share Julyll 83 ! 16% Dec 18 100 4X% convpreferred 12,800 8 '32 134,900 4134 7,600 20% 41,600 77'2 80 6*8 12 : 6>8 8 Columbia Pictures No par $2.75 oonv preferred.No par Commercial Credit—.——10 34,600 734 % %« 20% 40*4 20% % ' j.... . 102'4 101 7% *32 .500. 20% 20 % 103 ♦101 7*4 % 2*4 - 20% 7% 2,300 24,800 17% 97 *90 20*4 19% 103 *101 8 20% *2*4 8 'a; 7% 19% 103 *101 103 7*4 % 39% ; 5% 17 Dec 23 68 Columbian Carbon Co .No par 400 $ per share $ per share Par Shares 67 5% 2334 «2334 97 *90 97 *90 20% 19% 21% 20% 103 5% Lowest Highest Foreign Govt. & Mun. $ per share *65% 69 5% 24% 17% 63% 68 $ per share Lowest Friday's £ K Week Ended Dec. 26 Dec. 26 Range or Sale fc.s N. Y. STOCK EXCHANGE .Year 1940 Week's Last BONDS v Range for Previous On Basis of lOO-Share Lots STOCK EXCHANGE Saturday / Range Since Jan. 1 STOCKS NEW YORK 27 453 1 12 454 1454 12 12 12 Volume 154 Number 4026 THE COMMERCIAL & FINANCIAL CHRONICLE NEW YORK BOND RECORD Friday Last; BONDS N. Y. STOCK EXCHANGE NEW YORK STOCK RECORD Week's Range or Friday's -Safe i Week Ended Dec. 26 Price Bid Range LOW A NO HIGH SALE PRICES (Cont.) Atchison Top & Santa Fe (Concl.) Stamped 4b. -.1905 Conv gold 4s of 1909---, Conv 4s of 1905.-1.-.. - ' Low '1 87 Vi Jan 101)4 ♦97 *104 M •■; V: ■■■■■.■ ■ ♦100 *101 x 102 78 X 70 • 60 58 95 : / 1053 112)4 *95 *19 56 77 ! 97)4 66)4 31)4 75 38 24 34)4> 32 % 25)4 98 )4: 99)4 104)4 104)4 *18 ...» 75)4 104)4 103 106)4 28 3H2 10U ■ 18*4 3*4 33j 27 714- • 57)4 58)4 mi Ref A gen ser e 29 H 27)4 / ; 1995 32)4 1 1946) due V; l" * ' : v ■ to 3)^8 Telep of Pa 5s series B 1948 Beech Creek ext 1st g *42 2 Hsdebentures-- - — 14)4 39 % 44)4 With declaration 40% 43 *110 46 . 55 % 44)4 85 131)4 130 99 07)4 97)4 35% 18 18% 18: 35% 18% 94 94 94 95 95 95 *38 41 • *38 . 41 125 3,000 1,200 150 12 3178May 85g De 23 Dec 19 c 98 No par 8 De .. .. June 23 24 105 S per 15 10 35 36 May 21 32%May 31 18 Dec 23 41 Dec 12 98% Dee Mav 20 Jan 40% Feb 22% 21% Jan 14 Sept 12% May May 32% May 10% May 8 Jan 106 Jan 46 Jan 2198 Apr 21% June! 38% Mar 19 Dec Francisco Sugar Co....No par F'k'n Simoti&Co Inc 7% pf.100 Freeport Sulohur Co.. 10 Fruehauf Trailer Co 1 Jan June 84 25% Apr 8% Nov Jan 17 conv preferred-.-ATo par share Jan Nov 17 7 May 31 9% Dec 10 105 Feb 19 47$ 25 27% Mav Jan 10 25% Apr j per May 79 42% Jan 13 lO'gJ'ily 8 103 Jfiohest share $ 2% May Nov 28 337s Jan 17% Dec 21 3% Dec 10 21 share 18% Jan 10 18% Dec 23 90 per 13 Dec 10 12% De. 19 Florence Stove Co 6*8 Sepf 22 Nov 99 10 5% conv preferred 100 26)4 25)4 3'2%Sept 20% Jan 132 94 18% 21% Apr 18 Dec 61 8 7 Dec 46 Jan 9% Jan 9 2% Feb 17 S« 104)4 102)4 106)4 107 75)4 68 85 21s4 16 8i2 8io 79)4 22*8 15*4 81)4 69'2 72 74)4 1612 17 18)4 39)4 22)4 *10% *14 15 14)4 108)4 104 9)4 107 < 104 111*4 Jan 2% 6% Apr 20 41 24% July 31 39% Deo Dee 23% July 29 Aug 1 105% 4 104 111)4 107 2 107 113)4 85 87 5 85 95)4 107)4 113*4 % 103% 114 114 10 102 5 111 38 % 2 4*4 3)4 3H 3)4 66)4 41)4 08)4 66 4)4 80)4 53 68 5)4 53 *73 H - - ...1957 J I960 J J 105 Oct 1969 1970 10S 1951 Canadian Northern deb 614s... 1916 ....1954 70% 6734 16% 10% *16% 10% 15 *14 15 2 *112)4 *67)4 registered Champion Paper A Fibre— 8 f deb 4*48 (1935 Issue)...1950 8 I deb 43-iS (1938 Issue)...1950 914 2)4 28)4 5)4 1H 2)4 1)4 5)4 5)4 55 16)4 5)4 5 16)4 15)4 Ref A impt mtge 3)4s D 1996 Ref A Impt M 3)4s ser E—1996 Potts Creek Br 1st 4s 1946 R A A Div 1st con g 4s.. J..1989 2d consol gold 4s.-... —.1989 *ee page 1715. 100 9,100 83% *120 10 1,000 130 2934 *123 27% *104 70 30% 127,300 124 1,700 28 3% 600 3,200 5% 6w 3i« *4^266 934 10% 4,400 6.12 »u .2178 2,800 107% *103% 106 •, »%2 »is 22 "moo 8 *2134 22% 603 15*8 16 % 9,700 9 9 1,800 68 68 16% 16% 16% 10*4 11*8 11 16% 11% *14 '15 *14 108% 108% 7% 2*4 £■47*4 4% *56 7% 7 2*4 47*4 4% 47 11 11% 35 47' 4*4 *56% 11% 36% 62 36 800 478 5,600 62 11% 36% moo 600 "13% 11 2 *57 37s 7*8 57g 20% 21 14% *58*4 14*4 14% 83's 15*8 60% 59 59 8 6% <0*8 . *23 25 15 15 19% 24? 800 1 1 % 65 37S *58 «8 378 '16 37g 7 -14 'I 13 19)4 19)4 11)4 12)4 19 106*4 109)4 10754 68 )4 64 61 4.7. 42 78 51M 77)4 45 77)4 104)4 104)4 : *54 32% 29 24 11*8 11% *11% 11*8 *2% 51 19 33% 10*8 11 12 19 2*8 *54 60 321% 11% 2*8 50% 2% 19,200 2,000 134 1,400 140 65 *8 378 8% 10,900 1,700 400 *45 21.1 2% 18 2*8 50% 2% ' 18% 79 101)4 101)4 65)4 *24 76*4 75)4 58)4 24% *24 24% *32% *878 *9*8 35 *32% 87g 9*8 35 *105 *100 13*8 *14 6 *3*4 5 *51% *149 $5 conv preferred Glmbsl Brothers No par conv preferred 50 Gobel (Adolf)-- Goodyear Tire A Rubb.No conv proferred 100 Graham-Paige Motors Granby Consol M S A P 19% No par 10 10% 10% 10*8 11% 11 11 1.090 12*8 12% *2% 12% 3,800 ••*.-<"- 4,400 16,090 2*4 1,800 51 60 21. 2,800 19% 1,600 Mar 17 112 102 7 Dec 17 Feb 21 11 24 De? 21 Dec 35 100 Greyhound Corp (The).No 5)4% conv preferred par 1 10 Grumman Aircraft Corp I Guantanamo Sugar No par 8% preferred 100 Gulf Mobile A Ohio RR No par $5 preferred No par " Jan 2% Jan 25 1 % Jan 2 77 10 45 27 69 May 12% May 18 231 18% Dec 9 107g Jan 2 135 Dec 17 42 Mar 26 29%May 27 9*4May 5 107sJune27 10% Dec 10 1% Feb 4 13 Jan 3 1% Feb 19 9 Feb 14 Jan Jan Deo «u Apr ; Jan 18% Apr 33*4 Jan 14*8 Jan 65% Nov 24*4 Mar 13*8 Man 23% 106 pr May 23*8 Jan 0*4 Mar 617$ Mar 9 < 05 Nov Jan 19*4 Jan 5 Deo 4% 3% 90 Apr Apr Sept 20*4 Apr 69% Mar 24% Apr 97% Feb Dec 4% May 71% Juu 1% 9% 14% Jan Apr 12 >8 Deo 10 May 26 May 21% May 11*8 May 15% May 28 28% July 22 18 *8 Nov July 29 141% Aug 15 51 Dec 18 Jan 1% 10% 106% 9% June 7 12*4 Jan 2 30% Jan 16 25% Jan 22 28 Apr 0*8 June 6 Mar 7% 10 % May 4*8 Mai 6 12% Dec 10 June 1*8 25 17 11 0*8 Jan May July May Deo 110 1*4 Dec 4 10 24 6 18 13*4 Jan 13% Jan 28% Apr 22 Green Bay A Wc?t RR Green (II L) Co Inc 46 678 Dec 24 23 par 1 Dec 9*gS »pt 12 3U Dec 10 0% Dec iS 5 Dec 9 10 Prop..No 4*8S"pt 30 54 Feb 10% May 3 Sept 30*4 Dot 4% May 43 May 11 May 30 May Apr 60 June 98 74% Oct 6 17'8S'>pt 18 2 Dec 9 2%Snpt 91 Jan 81% Aug 1 11% Apr 19 1 2178 NOV 57 Dec 17 74*4 Oct 10% Dec 26 20*4 Sept 90 Jan 61% Dee 19 1 3% July June 20 25 June 10 68% Nov 10 9 Dec Jan 127% Mar 16*4 May 7*4 May 1378 May « 14% July 31 2% May 13 34%May 21 4% Dec 21 60 20 5% preferred Gr Nor Iron Ore Great Western Sugar..No par Preferred 100 11 2% 18% No par 2,400 33 *45 div ctfs.No par 24% 139*4 60 2% w Without div ctfs Great Northern pref...No par 33 June 20 Aug 16% Jan Jan 56*8 May % Nov 9*4 June 86% Jan % Dec 13% July 20 May 10 * July 14 May 7 22 to Dec 5 14,600 *54 24 Apr Deo Jan »8 44 5% May 5 80%Sept 101 131 118% May 100 29% Jan 11 11% Jan 10 16% Dee21 9% Dec 10 13 Dec 15 1 1934 33 18*4 Grand Union par No par Preferred... 15% 60 9 46% Jan 30 *ir Dee 22 No par Gotham Silk Hose Dee 8% Dee 1 Goebel Brewing Co 1 Gold A Stock Tale ?raph Co 100 Goodrich Co (B F) No par 5% preferred No par 20i8 2% 50% 1 No par Grant (W T) Co 11*4 2*8 50% 2% *18% par No par Glidden Co ( The) 1,600 24 % Nov 18 16'.i Aor 16 14 Dee 9 100% Jan 15 *8 Jnly 24 25 Dec 5 ..No par 28% 23% 15*4 *130 98%June 25 z9 Apr 37% May % Jan 27 16% Jan 10 >v Jan 49% 32% June 3% June 4% Jan 6 9 832 N Deo 41 116 7 Mar Nov 120 118 7% Jan 15 110% Nov 7 100 2S% 23% 32% 128)4 134 106 102 102 102 106 120)4 122)4 119)4 *100 1378 13*8 104 5% i 5 5U- I 1*8 50% 104 *100 13*4 5*8 51*8 5 *1481.1 4 : 1% 85 5% 50% *152 5% 51 158 *25 77g 40 J4% 13% *13 14% 34 *34 35 107 *104 106 *13 13*i *12% 13% 147« 13% 14% 15 *13 *101) 104 13% *146 3*8 + 15 70 , ' U 14*8 m- «, ' - 15lo 115 33% 27% 8 40% *101% 102 3 -27g 28*4 6 6 6% 15% 15% 113 113 32 25% 38 38*4 102 For footnotes 30% 25% 8 102 278 28% *113 3 7*4 38% *102 see 115 Harbison-Walk Refrac.No par 1,800 6% preferred 100 Hat Corp of Amsr class A...1 4 10 88% 88% 5% 9,800 51 1,700 Hazel-Atlas Glass Co Hecker Products Corp Helme (G W) 1,500 Hercules Motors No par 3,909 Hercules Powder No par 5 51 *148% 158 11% 11% 70 70% *127% 129% 34 34% *104 106% 1334 *12% 15*8 14*8 6% page 2*4 27% 15% 600 6 1434 *113 - _ - 800 13% 13*4 15% 4,400 0% 1,600 14*4 400 1,709 115 20 32 32% 34 25*4 25% 25% 25 25% 13,400 1,000 8 8 ■ 8% 41200 36 ii 36% 7*4 36*8 8 38% 38 2,100 *102 2% 1- 28*41 1714. >2*8 27% 107 2*4 29% *102 2*8 29 107 6)4% preferred 18*8 May 12 i Feb Jan 10*4 Apr 30% Apr 25% July 13*8 Jan 30 29% Nov Jan June 142 Feb 27% July 55 Jan 2 23 35% 17*4 Apr 14*4 Sept 17 11*8 Apr 22 9 36*4 Sept 18%Sept 9 3% July 28 z May 0% May May 14*4 June 1*8 11 Jan 12 Jau 25*8 Aug 3% Apr Apr May 30% Apr Dec 8 4% Aug 23% Dec 4 6 Dec 2% Nov 8>8 Nov 14% Nov 7 29% June 55 100 2*4 15,000 29% 6,200 Dec 15 33 Feb 18 38 8% Dec 9 8 15 Jan 24 104 Feb 25 108 July 16 100 Dec 12*4 Dec Jan 140 3% De i 11 9 3 23 92 Dec U 2 1 % Dec 10 25 76 June 12 5 ..25 Jan Mar 28 10*8 Jan Dec 24 9 100 Hayes Mfg Corp Preferred.... - 30% 107 6% preferred 100 Hanna (M A) Co $5 pf.No par 4,800 i 6 115 33 1*8 *13 14% 24 94% 13% *113 25 10,000 148 31% * 29 ; 15% 15% 33 25% 7*4 6 Hackensack Water 7% preferred class A 25 Hall Printing Co ...—10 Hamilton Watch Co ...No par 1*8 15 13% 1,200 104 *12% 13% _ 1,600 ' 6*8 •'< *28% 34 34% 107 *104 800 9*4 9% 104 3*4 94% 1% 85 • 5% 50% 158 !) 148 3*8 1*8 50% 36 104 *_ 94% 85 *32% 9*8 137g :143s 3*8 ;• 4% 241, 9io 104 *146 148 •- 83% 158 *14 9 9% *23 36 9% 9% > 3% 82 24 *32% 9% 13% *146 • 81 36 104 *100 4% 24 24% 105 92 1% ' 105 1378 148 *3*8 92 1% 158 ; +140 147 9*8 100 34 33% 33% 108 *104 ♦104 91)4 102 104 24% *32% 9% 9% 9 11 11 12 *10*4 11*4 11% *11% 11*8 69 70 70 70% 69*4 69% 70% 70*8 *127% 129?8 *127% 129% *127% 129% *127% 129% 107)4 (1100)4 104)4 102)4 *105 82 13% 1434 *6% *15% 128*4 100 1% *80% *13 102 10 4% 947„ 80 128)4 9% ♦92 102 112 6% preferred $5 48 22 May 33*4 Dec 111% May % May 28 Sept 77*4 May 6 -.1 Granite City Steel 300 28% Dec 18 '121% Dec 23 27% Dec 20 3 Sept 24 Jan Apr 89% Nov 26% May 91 Sept 19 132% Jan 28 48% Jan 6 127% Aug 25 General Tire A Rubber Co...5 Gillette Safety Razor. .No par 1,900 2.500 8 Dec 15 ll7g 29% 102 271 5% Dec 26 105%Mayl2 $6 prof opt div scries No par 4,000 16 78% July 4% Sept 4% May 48% Feb 12*4 May Nov 28 100 — General Refractories.. No General Shoe Corp... 5», 28% 33 33% 10 10*8 11%. 11% 11% 11% 2*8 2% *47 50% 2% 2%' 18 18*4 .1 No par 6% preferred.. Gen Realty A Utilities 6% *54: 00 327g 1178 No par 5% 23% 101 No par Gen Railway Signal 6*8 *7 117% Aug l%Nov 2 Jan Jan Jan 1% 1 22 11 *74'. 60 General Printing Ink. $6 preferred Gen Public Service 6% 5*4 25% 24% 24*4 24% 24% 130*4 *135% 131*4 *136 13934 13134 *135 No par 15% 19% 20 25 13,000 8 6 8% 145 Deo 11*4 May 3 Oct Jan 125 Common 22 67t4 1*4 Mav - 6% Jan 6 1578 Jan 10 Sept 18 % Jan 112% Jan 5% preferred ....100 General Motors Corp.. 10 $5 preferred.^.....; .No par Gen Outdoor Adv A... No par 6% 6% 5% 28% 23% 15% 20% 14% 19% 3,200 67 "ic 5*4 28% *23% 15*8 1034 65% *1% 1% 7% 6% 20 20% 11% 66'.i 1% *58 23 2 10% s8 *8% 2 *60 66 3% '•4: 8 2 ' 61 *16 5* 13,700 85% 00 60 3% % 2 *60 11% 68% 1*4 1% ' 5. 37g *3*8 *6*8 5*8 0*4 *58 60 s8 • 13% 13/ 1*8 60 *16 % 65*4 14 July 14 Mar 20 42*8 Sept 25 38 4)4% 8 144 33*8 Feb 15 $6 conv pref series A. .No par General Mills.... .No par Apr May Apr 51 7*4 106 June 36% May 5% May 118 May 130% Apr 7 35% Jan 14 General Foods Corp... .No par $4.50 preferred No par Gen Gas A Electric A.. .No par $3 preferred " ;7% Jan 24*4 Dec 10 7% preferred Gen Theatre Eq Corp. .No par Gen Time Instru Corp.No par 5,100 6 100 No par General Telephone Corp...20 12,300 Jan 94 97 2,200 7% 3 55 2% Dec 24 6% Dec 10 73% Feb 19 16 Dec 13 118% Dec 23 par 100 Gen Steel Cast $6 pref. .No par ***"36 39% Dec 18 3% Dec 2) 116 Deo 12 2% Dec Sept "14% June 45% June 3% May 104 5 No par General Electric Co 8 5*4 Oct 15 Sept 10 5 June 9 cum preferred General Cigar Inc "l2""May 8 12% July 29 53'8 May 8 No par Class A 7% 47% Jan 21 4 Apr 16 101 5 970 15 3 5 ..No par 1,300 . 108*4 10834 2 11*., *114 1992 9,200 90 *81 141' ••• 58 12 -70 Chesapeake A Ohio Ry— General gold 4 !4s ♦85 'Day ; Baking Dec 24 25 5% Mar 21 Mar 21 Apr 23 9 3% Sept 5% Apr Dec 53 50 64 104)4 # 67% 11 09)4 95)4 108*4 112 y 67)4 78 36% ♦113% 118 I 7g « 81 2 2 86 ST7)) 32% 11*8 ioo»4 106)4 69*4 89*4 64*4 86 f4 41 50)4 104)4 108)4 15)4 *10 Central RR A Bkg of Ga 5s. 1942 A... 1948 70 107)4 Through Short L 1st gu 4s. 1954 Guaranteed g 5s.---------.I960 *!« % 2 * 11% 67% *54 97)4 103 ; 88 97)4 17)4 32)4 70 13 ......1987 1962 5%s 52 12 % 11)4 •..>.11*4- -12)4 Cent Pac 1st ref gu gold 4s... 1949 5,900 36 il584.rl0% 8*4 884 66% 68 35 117g 25 " .....1987 ...1987 Central N Y Power 33/4s ■ *12 Yi 9 ■ 1987 os 5s registered. ♦General 4s. ' *31 36 5734 135 102)4 112)4 43 93 8)4 3Hs.——1966 t♦Cont New Engl 1st gu 4s 1961 Closed- 5% 107% 99)4 104 21 2)4- 1951 8% 05*4 y *23% 15% 20% 110 99 40 Cent Illinois Light ♦Central of N J gen g 90)4 107)4 43 100 21 . 4s.. 02)4 90 H 107 99)4 92)4 1948 1946 ♦Mobile Div 1st g 5s 108)4 76*4 43 ^Central of Georgia Ry— ' ♦1st mtge 5s Nov 1945 1945 }»Conaol gold 5b ♦ 1959 Ref A gen 5)48 series B 1959 ♦Ref A gen 5s series C ♦Chatt Div pur money g 105 42 *96)4 1981 ♦Cent Branch U P 1st g 4s 12 94 100 Celanc8e Corp of America 3s.. 1955 Cclotex Corp deb 4)4* w w— 19*7 Exchange 3 ; 1678 10% % 2 I37s *29 93)4 106)4 76*4 Carolina Clinch A Ohio 4s..-.1965 Stock 5% 22% 16 8*4 68% 36 6% 5*4 89*4 108*4 42 Carriers A Gen Corp 5b w w— 1950 gold 4s 75 101)4 102)4 82)4 81 I960 Collateral trust 4%s. 2' 93*4 HO 102 ^Carolina Cent 1st guar 4s...l949 General Bronze Corp.. General Cable Corp. ..No $8 preferred 2% 3% *104 n)2 15*4 9 *14 86 _ *1*4 *52*4 92)4 108)4 90)4 107)4 90)4 106 90*4 1944 Coll trust gold 5s 105*4 3l\ 108 62 ctfs 80)4 107 108)4 1946 "moo 2*8 7% 7% 2,100 *84% 93 300 16*8 17 1,800 118% 118% 30 24»4 25% 110,100 .29 %2 *22 22% 16 65 108)4 105)4 104)4 Can Pac Ry 4% deb stk perpet Coll trust 4Hs 105 3 101)4 1956 Guar gold 414s General 117 2*8 3% *n 13*8 57% 11*8 8)4 7 81 59)4 78)4 100)4 *9of> gold 4)4* Guaranteed gold 4)4s 105 79*4 105)4 104)4 108)4 Guaranteed gold 5s..-.July Guaranteed gold 5s Guaranteed gold 5s *110 Gen Am Transportation 10,500 6 1% May 2 Nov 29 12 23 *-Sept 23 2% Dec 10 10 Gen Amer Investors No par $6 preferred ..No par 3,800 3% 1% Apr 10 7% Aor 16 Dec 10 15 1 5% preferred 2,600 108)4 HI _ O !' 36 7*8 Cunadian Nat gold 4 )<ja. 338 Gar Wood Industries Inc 2%June 5 2*4 Sept 12 4 1% Feb 1 20 No par Gaylord Container Corp 5 5)4% conv preferred...J.50 50 >, 39%i39% Christmas - 83% 29 *108% no *108% 110 *108% 110 7 7 7% 7*s 7% 7% 3 3 2% 3% 27$ 3% 47 47 40% 47% 47% 47% 5 47g 4*4 4*4 47s .47g 60 63 *57 60 *55% 62% 12 11*8 11*4 11% 11% 1 Ho 104 107 102 79)4 105)4 • 128% 128S4 29% 30% 12234' 122*4 3% 16% 10% 10% ' * }963|A O *407$ (Robert) 1,000 78 66)4 *100)4 105 400 9 4 4% *102% 104 90 :82 32 31$ , 8% v 70 74 35 X *111 1966 A O 4s 5s A *29 69 • 71)4 37g Canada Sou cons gu *85 1211, 123 32 377g 110% 78- 90 82% 128*4 128*4 29% 30 in... • . h Calif-Oregon Power .1 82U ".12 33)4 14)4 107)4 I960 A O 36% 110% *114 *85 .*8 74 J 9«>5 J J - 5s gu *114 -3'« U 314 *32 • 21l2 15% 109 99)4 102)4 ■ 84)4 38%l 37% 85 *29 3*s 90 ♦Certificates of deposit Consol idated 5s 3,400 350 6- 9 83 7g 70)4 AO 6% preferred...... Gamewell Co (The) 234 23., 10 101o 10'4 1014 9*4 10% 978 10 *10312 113 *10312 106 *103% 113 *103% 106 103 75 A *2%- 100 *102)4 1952 7's 83 38i.i 85 *16 1934 : 2*8 734 11514 U5I4 40 3U Rap A Nor— §Mst& coll 5s 2*4 2% 7% Gair Co Inc *6 3934 Gabriel Co (The) cl A..No par 1,000 15)4 1957 Bush Terminal 1st 4s 2*8 88 37i« 90 40 modified (interest at 3% to 1946) due 117 2U 27« 600 5,300 2*4 18 - i 3 *8 3% *110 117. 104)4 *107 3)$s series C..19b7 Buffalo Rocheater A Pgh Ry— *110 117 39% -3*8 1% 2 10 18*4 934 i 18 101 102)4 Buff Nlag Elec 1% 2 10 *5% 534 5'2 5*8 5*8 5% *104*4 109'g *104*4 io:i78 *100% 108 105 100*4 Bklyn-Un Gas 1st cons g 5s...1945 J/N 1st lien A ref Cs series A.... 1947' M N Debenture gold 5s ..—1950 7 D 1st lien <* ref 5s series B 1957iJ/N Buffalo Gen Elec 4)48 B 1.981 IF A 1% 2. - *9% 18 40 39»4 3% 3% 1 27 15)4 M 3J4S...1966 J/N Bklyn Union El 1st g 5s_. 1950 F A *1% •*178 6)4 17 104*4 107 102)4 107 101)4 104)4 Bklyn Edison cons > .41 *80*4 83 8214 8214 *126i2 130 *126% 129 20% 293g 29*8 30*2 122l2 122% 1221? 12212 27 6)4 JJ 1961 RR..---.1960 1% V2U 2% 934 10 .I710- 18 2% 2% 678.. - 7.% *83% 92 10ig I6I4 16's I6I4 •16% 10% 125 125 *118.1, 125% *L18% 120 25% 26*8 25% 26%'. *26% 2534 3778 *S5 26 M 5 19j0 19o7 1955 1% t - 18i2 *81i-> 26*2 37ig 97)4 U 25)4 1944 1% 234 2*8 71? 81U 100*4 97)4 26 % 4&Bser A...July 1970,M N i*Boston A N Y'Air L 1st 4s. .1955 F A For other foot joler 36% 18 934 *110 117 26>g 137)4 97 ,< • 1st mtge 4sscrie8 Prod 3534 18 312 , *115U 1161? 99 ♦inc mtge Certaln-teed 38 94 '■ """406 7% 106)4 113)4 *102)4 ^♦Berlin Elec El A Undergr6)$sl950 Beth Steel 3^8 conv debs 1952 Consol mtge 3)is ser F 1959 Consol mtge 3s ser G 1960 Consol mtge 3^s ser H 1965 4s ♦7*8 Dec 12 Foster-Wheeler. 126 89 6% preferred series A... 100 First National 8 tores ..No par Fllntkote Co (The)....No par 14.50 preferred ..No par 1,100 110 Year 1910 Lowest 4% Jan ' 27% Sept 22 97% Jan 15 16 Sept 12 45*4 S^pt 24 8% D9C 34% Feb Fllenes (Wm) Sons Co.No par Firestone Tire A Rubber... 10 3,500 35*8- 36 38 conv preferred 100 Ferro Enamel Corp ..i l Fidel Phen Fire Ins N Y.S2.50 Fiorshelm Shoe class A .No par Follansbee Stesl Corp. .10 5% conv preferred.:....100 Food Machinery Corp 10 1,400 $ 2% Apr 14*4 Dee 4\i % 10% 30*4 9*4 - 1.300 Range for Precious Hiohest S per share Federal Motor Truck..No par Federated Dept Stores.No par 31 ♦27 *105 >7% .-8 "l~200 19% 3% 31*4 *3% 126 1,500 2,-500 11,650 18 ♦18 - 5,200 98 17% '20% 30 18i2 214 40 . 16% 16% *118'2 126 48 83 80)4 107*4 131)4 '• 3 >8 8U" 107)4 •-1958 40% 55 - Big Sandy 1st mtge *8 Blaw Knox let mtge 3Hs Boston A Maine 1st 5s A C v 1st M 5b series II 61)4 98)4 -.1955 - 47. 35)4 43 With declaration 1 *95 . 7% 14% 92% 34 9% 33% 834 :*3%37g 29% 29% *3034 31% 1.0 • 10% *100' 12 13% 634 97g 84 1959 0)ss ♦Debenture 6s Cart A Adir 1st gu - 10I4 1,500 12 35 ; *18 *27g3 2*g 2»2 7I4 7'2 With declaration 6s equip trust 29 10 40*4 92% 98% 126 "2^866 10 ,:9% *18- 5,100 90 40*4 :17'4 :-17?4 » 1.300 16% 1578 27g 3 234 A3 27g 27« *01.1 684 0% ;.6'4 .*6% • 634 i«- • &t8 934 *9ij 934 034 50 50 *4078 50 *4678 50 % 4% > 414 4*8 <-43g 4ig 4i8 *100 106 *100% 106 *100J2 106 *102% 105 36)4 50)4 43)4' 58)4 ^♦Berlin City El Co deb 6Hs.l951 ♦Deb sinking fund . 44)4 48 * I960 Belvldere Del cons 3?^s ...1943 Beneficial Indus Loan 2^8 1950 Guar 9 *95 9 Par 3% *88 18% 7'4 3 95)4 94 )4 47l ■ 47 107)4 131)4 1st A ref 5s series C Bush Term Bldgs 90 " 47)4 43)4/ ' 1989 1951 IBurlington Cedar 16% 98 lg 10*4 714 2'« 934 18i2 *6"4 *914 *4078 46)4 26- 46)4 37)4 1 J 951 - Battle Cr A Stur 1st gu 3b btamped Lowest S per share ''Shares 38U 35 lOlo 3'2 J9f} 4s Btamped 26 32 ■ 44)4 1st 5a..—1943 Con ref 4s.-.- 1st g 4*48 series 94 *18 63X > 29)4 31 1950 1959 1 1947) due Bangor A Aroostook 31 29 Vt 28)4 —..Feb 1 I960 Toledo Cin Div ref 4s A Bell 967g 3 Sept 1 1946) due ♦Conv due 33 H 28)4 1% 1996 Pgh L E A W Va System— Ref g 4s extended to—.1951 S'west Div 1st M (int at 3% % to Jan -15% .18 *100 1% 2000 Sept I 1946) due Ret A gen ser F (lnt at ' I8I4 *9 1% Ref A gen ser D (lnt at to 38 19 47)4 to Dec 1 Week 73 M 28*4 Dec 1 1946) due " Range Since Jan. 1 On Basis of 100-.S7lar« Lots EXCHANGE „ 73)4 68 53)4 A (lnt at 1% to ...1995 C (lnt at 1 1-5% Ref A gen ser v 53)4 7i2 45 35 K-x 63 )4 the 26 3% *88 3i31*4 • 10*s 130 *30i8 *34% ' $ per share 10l8 -10: .10% 40*4 *40% 4118 J734 V-.-'.' 17*4 13*4 :133s 14 192 9234 92% 33*4 )33% 33% 29 3i's *-•- *181.. July 1948 ...1948 Dec. 3 15*8 3%V i 37« A 28 • 3ll2 10's 3134 10% i 17 19 >4 28 130 Baltimore A Ohio RR— 1st mtge gold 4s 4h registered .3 ' 90 *88 90 3 per share \, 27g| 1434 . *88 V lOlo 334 / . 7U Stamped modified bonds— 1st mtge g (int at 4% to Oct 1 1946) due..-—July 1948 Dec. 25 Friday 69 95*4 I514 27g .. : 3314 8*4 ■A;. 99)4 102 >4 81)4 67)4 -- 66)4 31H 25 % 1948 Second mortgage 4b....-.-.1948 Atl Gulf A W 1 SS coll tr 5s..-1959 Thursday Dec. 24 $ per share 3I4 .16 - 13*2 97)4 101)4 60 * 95 . 67)* Atl & Dan 1st g 4bj...—- Wednesday 23 > 72 78)4 Dec. 9 9 912. 918 >41 40*4 ,41 40U 17^4 *.;.. -.1784 13*4 13i2 1378 13's 92 9114 9234 921« 3314 3314 33*4 33*2 : 9 834 0 8% 984 *95 9818 *95 19 19 19i2 J 181* 40'« 111% lit 111)4 100)4 1944 1964 Atlantic Refining deb 3s 16«4 90*8 May 1 1945 Oct 1952 10-year coll tr 5s 4b.. 109' 3 ig 90 8i2 112 • 10i4 95)4 101 • Tuesday $ per share 3% *88 100)4 104 111 112J< 111 >112 ♦110J4 Atl Coast 1st cons 48...--July 1952 LAN coll gold 101 105 *100 ; Atl <fc Charl A L 1st 4 Mis A....1944 1st 30-year 5s series B • 3% ■ u . 1946 General unified 4Hs A o4)4 103)4 97)4 103)4 97 101 1960 V ;'• ; Dec. 22 3 per share Rocky Mtn Div 1st 4s.. 1965 Trans-Con Short L 1st 4s...1958 Cal-Ariz 1st & ref 4^b A,..1962 Atl Knox & Nor 1st g 5s Mondau High mi ♦101 STOCKS NEW YORK STOCK for Saturday I Low High 86*4 Vx 1955 1955 Conv gold 4b of 1910.... ' " Sales Since KAsked & Dec. 20 Railroad & Indus. Cos. 1709 Dec 20 50% Dec 22 100*4 Jan 10 25% Jan 10 1-' *: Feb 11 1 .ltin23 101 Feb i0 30 May 9*8 M »y 10% May 100% June 95 June 16% May May 5% May 83% June 130 2 96 Jan 13 110 Jan 168 107 Dec 120% Aug 60 June 5 No par 100 12,50 Houdaille-Hershey cl A.No Class B par No par Household Finance....No par 5% preferred —..100 Houston Oil of Texas Howe Sound Co v t 6 Dec 22 9 Feb 14 Zl07% Apr 14 30% Dec 23 25 Dec 23 7*4 Dec 18 36 Jan 12% May Jan 8 9478 May 21% 100% 133% 67% 115% 16%Sept 15 18% Aug 18 12% July 18% 19 35% Apr 9% Nov 10% Apr 115 Jan 30*4 Jan 10 9% July 24 16% Aug 5 115 Oct 27 52*8 Jan 39 8 Jan 27 13*4 Jan 6 9 Dec 21 64 Aug 14 2*8 Dec 24 111 Jan 15 C..25 5 July 22 5 26% Apr 21 100 Jan Apr Apr Apr Apr 132% Oet 21 56*4 Jan 18 7% preferred Homestake Mining 9% 104 Apr 6% cum preferred....-.100 zl23%May 1 Hershey Chocolate No par 33% Dee 19 i2 $4 conv preferred No par 99%June 17 Hollander A Sons (A) Holly Sugar Corp 28% 138 4% Dec 13% Dec 10 13% D3C 29 14% Dec 18 Deo 113% 11% 09 Hlnde A Dauch Paper Co... 10 Hires Co (C E) The 10 Holland Furnace (Del) 10 Jan 106 Aug 155 1 .. Jan 106% 8978 j une July 11 Dec _ Jan 6% Dec 89 Juue 6 Sept 5 8*s Sept 19 16*8 Jan 9 80% July 29 150 Apr Feb 17 96 3% Jan 10*4 Apr 21 65% Dec 9 100 34% 37 20% Jan 37% Jan 8 May 4% July 8 May May 35 May 103 110 Apr Apr Jan Apr Jan Jan Mar May 60% 38% Deo 8% May 51% May 10% 71% Apr Apr 28 101 June 3% May 28 Aug 112 Jan Deo 67s Jan 50 <a Feb Tuesday, December 30, 1941 FINANCIAL CHRONICLE THE COMMERCIAL & (o 17 NEW YORK BOND RECORD STOCK RECORD NEW YORK Friday Sales LOW AND HIGH SALE PRICES NEW for Monday Saturday Dec. 22 Dec. 23 $ per share $ per share " 5U 33 2's 2'8 1% 167« 1634 27« >4 1738 2434 00 % 5i« 5% 32% 2% 32% 32% 2% 14 14% 7% 7% 24% "65% *155 *155 — 5,000 Inspiration Cons 6i-> •6% 6% 2,500 Insuranshares Ctfs Ine 19% 19% 20% 2,200 Intercbemical Corp. 111% 60 6% 6% 6% 143, 149% 800 10,100 45% 21,200 10% 10% 8,j 9?8" 10% 10% 1% 1 43'2 2% 45% 2% 2% 2% 13% 55% 138 137g 53 1% 4214 13% 55% *1% 42 27 27 27 i'2 1% *1% *8 *8 8% 100 26'% 26 26% 37 *6i 35 *97% 107 8 ISg Closed— Dec ~n May ...-i.--.100 8% 30% 26 No par 50 1 >. 44 *22 j *20 ♦1st & J 1,200 No par i—. - -1 Intertype Corpi.. Island Creek Coal. . 73 Apr 6%. Jan 56% Oct 3) 6 6 33% 3334 Aug 134% Aug Jan 36% May 30 Nov 1Q0 Dec 6 36, % 35 *35 3 > 35% 35% 35% *107% 108 *1j7% 103 *107% 108 103" 103 50% 5A-> 51 53 52% 50% 51% 52% *122% 124 h 124 *122% 124 122%' 123 f *1221? 22 *61% 64 64. 73 % 73% 9 9 xll 4% 22% 9,700 6378 2134 Jan ,10>s Jan 74% Jun5% May 2)% May 5 92% 73 74 74 9 9 *61 73 '73% 73% *70i» 74w 33 Dec 130 Dec . June 9% 884 884 900 *62 9 Jan 16 -17 May s 44 June 27% July 31 67 Aug 23 64% Dec 10 1 8% Dec 10 14 5% 5% 5% 3 3 2 102 *30 i 10% 10% J 4% 4% 1*103 1 3478 1 *12% f 25% '■ 1% ? 33% 21-% 3 14 , , 3r 4% 2178 3's *3% 25% v 26 22% 3% 25% 26% 21% 25 132 L Gold 26% " i*206 10% 4% 10% . .4% 31,900 13% ■y.: 400 1,460 26% • 200 2% 270 2-1 «4 6,700 3% .300 2578 1.900 26 . 3134 21 % 3% 25% 20'2 Class ■■■■ .. 26% 5,000 Kennecott Copper...i.No par C6.No par -No par : ' 6% Dee 23 > Dec 10 preferred.i.No par * 10 1 $5 prior 3% Maj U 2 9 Aug 121 i i Krasge (S S) Co Kresge Dent Stores H) A Co.....No par Kroger Grocery & Bak.No par Kress (S 20 k "26" * 26 12 13 M 84 12% 12 12 H 86 12 1) J UM 13 lk 514 1949 MAT 1 1M F .. 43 k mi - 17% 20% * .1988 J • ...... ill 16 M A - 9% 23 8% 26 734. 25% 8% 25% 7% *24% 24% 25% 11% 11% 11% 11% 11 111 10% il 10 15 23% *9 10 *9 15% 5 8% > *0 10% 16 14% 23% *23%. 23% *110 113 *110 2% 2% 2% % »316 7% 7% % 7% 71- 10-1 15% 23% *.) 147g 23% 7 15% Jan Dei I 10» Apr f Jai 8% May I 18% Nov 95- 4 9% 4% May * Mar 26 113 guar 5s....Dec % 7% lllo 19% 11% 20" 20 21% 4% 21% 20% 4% 34 33 6/% 67% 65 67% 68 65 i; *33 4% *178% 179% *176 *18 *18 19% 21'8 4% 33 19% 14% 16% 12% 9k "III"! 336 10 110 69 M XX- ■? * 46 M • ...... "ei*. "l3 15 107 M , 48 108 23 100M 47 62 46 M 'XXX 1960 1 101 31 15M ,15% i " .107 >4 4 D—1962 1943 % Dec 13 23% Feb 15 21% Dec 9 40% July 29 17% May ,19% May 10 2% Feb 15 x22% Mar 3 26% Sept 17 534 Sept 13 28% Aug 30 Feb 15 29% Jan 10 2 ■ •: 107 .Elec 3M«.*1986 1st mtge 3 Ms 1967 /Cirt Jcb & Nor 1st ' sjm v 4s. 1942 con gu 8D4 ,, ; 65 4-8 4 >8 4'2 4% 33 33 3 a. 65 bi% '65 . *18 19% 201 4% : ! 400 1,400 11 22 21% 217« 30 29'8 29«2 . 10% 10 9% conv ; % Feb 13 2% Feb 14 50 preferred.: 1st mtge gu , ' v 112 3Ms ser E-.-...I900 ,*95 M ' ■ ■■ 80 •40k 41 i- 4s—;.1991 Cin Wab A M I)Iv 1st 73 M 73 M Ge leralg 4s...1993 General 5s series B...!. .1993 Ref A impt 4M» series E..1977 40 "yo'm 1970 105.M Cleveland Elec Ilium 3s Apr Gen 70 M 105M- ! .....1942 A guar..'.......1942 A 4.Ms series B Scries B 3Ms 87 3 169 17% Deo 12 21 June 25 16 May Lily Tulip Cup Corp.{.No par ;03i Dec 10 2.300 1Y409 Lima Locomotive Wks.No par x Link Belt Co *29 3,300 Lion Oil RefI .ling Co. 4.No par 4,000 22 30 10 Liquid Carbonic Corp..No par Lockheed Aircraft Corp 1 No par May 8 9% Dec 9 8,200 1,600 $6,50 preferred.—.!-Nopar 105 3,100 Lone Star Cement Corp No par 35 21« 2,800 Long Bell Lumber A.i.No par •2% 16 13% 1534 12% 65 65 65'.} 2% 15% 16 12% -12% 143% 143 -i 12"8 : 12a4 *id% 65% 66 15% 16»8 1,700 12% 12% 20,500 Loose-Wlies Biscuit........25 Lorlllard (P) ..10 ...100 Co ft June 4 Apr 21 1% Dec 10 1334 Jan 30 12% Dec 23 143% Dec 23 39 -8 110 Oct 31 July 24 45% July 28 2 162 Jan 15% 15% 2,400 Louisville Gas & El A..No par 15 Dec 23 22 Sept 4 65% 66 1,300 Louisville & Nashville 100 60 Feb 18 74% Nov ,5 40 7% preferred-- .Columbus A To! Apr 2 19% *131% 32% 19% *13% 23% : 3% *5% *12% *7S 278 ; ' 3 278 4 4% 4 12% 22% 4% 25% *23% 26% 21% 4% 12% 22% 4G 21% 4% 26 26% 26 23% 26% 23 27 12% 12 % 22% 4% 26 24% 26% 180 3% 11% May 18%- Mar 41% 18% 13% May May Apr Jan 25% ■ Jun Nov 65 | * ? *23% 26% 180 3% - 5 24% 23% 23 26%' 180 26 s *160 26 180 . ,, , 17 Madison 8q Garden...No par 11 Feb 17 14% Aug Magma Copper...........10 Manati Sugar Co 1 19% Dec 17 Mandel 5% 14% """206 % 1 2,300 3 4 45,000 9.0 Bros. par ...No par Manhattan Shirt..25 1% Feb 4 534 Jan 3 12% Apr 17 Maracaibo Oil Exploration... 1 34 Jan 14 Marine Midland Corp......5 2% Dec 18 Market St 3% Dec 10 Ry6% pr pref..100 Dec 9 12 12% 4,500 Marshall Field & Co.i.No par 22 22% 12,500 Martin (Glenn L) Co._-_._-l a:20% Dec 10 1,900 Martin-Parry Corp..i.No par 334 Dec 26% 4% 26»4 23% 26% 24% 2634 4% *160 180 3,300 1,000 Masonlte Corp........No par 2,200 Mathteson Alkali Wks.No par Master Elec 7%, Co.....r..,__.l preferred. 1714. 107M ......... 100 11 9 19 May 28 21% Dec 11 24%May 171 5 Junel3 31 4% Dec 21 • I 4 l%May 20 17% Sept 4% 20% 115 13 108M 103% 13 3Ms.... ..1958 Pasump Riv 1st 4s.. 1943 L 1st A ref 4M»-1951 ..... 834 May 26% J nut 9 of ; Upper Wuerteinberg J 25 101 12 107 4 'mil 103)4 IOS"" X.-.'X 23?4 25 23 M 25 J J " J J ./ "f Consumers • i 79 M 1965 If N mtge 3Ms......... .1970 « w - . 1*07)4 3Ms.,...::'... ...11969 M N .JOJ.U# Continental; OH conv ,2 ji4%.:1948 J / 1st mtge 'Craue Co 2%ss f ______ debs........1050 A 5% Oct ♦Cuba Nor Ry 1st 5bis.......1942 J D 13% Dec ♦Deposit receipts 16% Nov j*Cuba RR 1st 5s g.,.iii.'K._;.i.l952 1 21%June 40% 31%Sept 17 21 June 32% At r 7 160 June 173'i D. c Sept 15 I 12 12 80 7 26 ♦Depositreceipts.. ......... *7 Ms series A extended to 1940 ♦Deposit receipts ....... ♦6s series B extended to 1946 ♦Deposit receipts Curtis Publishing Co 3s deb... 1055 "*94" : 109% 107% 108 109 k 109% !()2 103 100% 95 94 25% ) 23 "27"" 24 M S 107 M *109M 100% 0 b '■ 78 % 108% " 1st mtge 3%s.............. 1966 ? 25 106% 1st mtge 3Ms.196/ M N 1 1st 23% Power Co— 1st mtge 3Ms—...... < 'V' * i'-' 454 v. . Crucible Steel 3Ms s f debs.. 1955 J Apr Aug 106 107 Jati Apr Jan 176 112 101M 103 M May 14% 28 103,% 10 4 % 1951 J D {♦Consol Ry non conv deb 4s 195i Apr 47% - """3 102 Works 7s J95l> Consol Oil conv deb 3 Ms Mar 6% May 32%Sept 15 12% Jan 6 28% Jan 13 109 % ...... 1 % ■ 1O0M 101% 1961 16% 2% May .... ♦IOH"* ..1951 3%'s A II ♦Consolidated Hydro-Elec i 7% - Mar May 3% May 5% Jan 14 Jan 8 11% Jau 38 11% Mai »4 May ----- 109% 3 Ms debentures .........1958 Apr 12j4 1% Aug 8 734 Aug 18 16%8ept 17 17 107% 24 M 1 3-Ms debentures.......1946 3Ms debentures...........1948 3M8 debentures. ......1956 » 5 Dee 31 % May ♦110 108 % Stamped guar 4Mb.. < f 31% 8% June 6 July 28 --r - !Conso} Edison of New York— 136% May May — Co— For footnotes see page 1715. For footnotes see page '".Vy ! 24 M Edison Conn Rlv Pow s f Jan 35 20% May 2,100 1,300 *5 Jan 21 29% Sept 24 2334 3% *13 138 34% Nov 24 Inc.i.No 194 108*4 Conn Ry & V Dec 21% 2534 May 123 Sept Dec 19 Macy (R H) Co 14M Apr 163% 1 38 18 4 23% 3% 26 May 15 31% Jan 21 13M 58 96 M 100 lOOM" 100% ••-■2 61 100 M 96 1969 Conn A Apr i"'-4'4 138% May 23% Apr 21 1,400 2% 26 133 13% 3'jj 12% 22% 26 100 *13% 3% 4I4 ! 6% preferred 4,800 8,900 Mack Trucks Inc....4. VJ par 19 804 4% Dec 10 33% 278 11% 19 18% 4 12 22% 4% 22 10 " "*90" Consolidation Coals f 5s19IKJ J MacAndrews & Forbes 15 ' ♦Debe nture 4s196l» J 3,200 11 81M 103% 81M 1st mtge 3 Ms series I.1968 • 33% 3 278 3 4% 19% *131% 137 19% ■ 1st ext 4s.. 1955 F A Income deb w w__..Apr M 19 i9% 19% 20 19% 20% 19% *131% 137 *131i-> 137 *131% 137 137 66 33% 3278 33% 32% 33 32% i9 18% 13% IS* 18% 19% 20 13% 13% *13% 14 13% 14 14 23 8 23~« 23-2 23% 23% 23% 24% "" 3 2 33% 3% 3% 3t 32 6 *o-8 *5% *5% 6 6 13% i3% 13% 13% *12% 14 1 *% h '8 1 1% 103 97 ♦Debenture 4s.. j.X X*l. .X1956 J • 57 M v.:.— ♦Commercial Mackay Corp— 'Commonwealth ' 13% Juii17'4 Dec 1938 Jan 15 13% *142% 145 23% 20% May i; 37%,Mar 109% Apr 97 May 40% Jen 29 Jum 3% Jan 3 19 Sept 18 55 X *10314 103 M 14\ 1952 A 15 Debenture 5i.1901 J ; 30% Dec May 141 ) Apr 14% Apr Mav 27 14 61 Columbus A Sou Ohio El 3%s 1970 M 18% May 4 6b 143% 143'' 15% 15 65 *l6>2 15:% Deo 10% May 35% 106% 106% 38 38% 21' Jan 6 t 79% Columbus A II V 1st cxt g 4s. 1948 A • Apr • , 22% July 36 2% 30 76% 65% "MM 11 5s.....Apr Debenture Conv debs 37% Jan 14 13% July 30 76 M 77 H 64 55 M '♦Colo A South 4MB series A.. 1980 Apr 188% 5 34'S 3s34 • 109% 8 31% 106% 109 May 16% Jan 16,500 2% Apr May , , June 87 45 31%Sept 2134 38 May Aiw 26 15 21% 34% No par May 33 19% Apr 21 28 May 22 13 14«4 22 Loews Inc 5 Jan 18 96% Jan 107% 25% 21M 27 M 23 8 fX 5 1ft 15 3 23 13 '"25 27 M 4 27 27% 6 24)4 24 M X' 21M *24 M 24 M 6 21% 3 25M 11 93% 11 ' *20% A 0 "o:M 92% 103M 109 108 Apr 3 2 .14'8 lOo 9% Jan 1 33% I Jan Jan 1 ----- 64 Iron gen s f 5s.. 1943 F *5s Income mtge 4 Jau 98 . 5 42 77% 1973 ....1977 : » Feb 29 it 53% 7% Jan23 39 6 70 M Jan Jum 189 X. 4 - 70 M i 4Ms. 1961 lsts f4M8 series C •Colo Fuel A .14 1% 9% May 64% Dtw 24 Preferred. Deo K'+v-; Jan 18% May 30 4'2 106 *105 Dec , i 64% Nov 27 174 June 16 ■ gu 1st s f 5s series B guar. 84% No* 25 Series B ( ♦165"^ B.1..1981 Cleve Union Term gu 5Ms... 1972 0^4% JJor Liggett & Myers Tobacco..25 6 Line 1st ■Cleve Short 15% May 4,200 3% Dec 10 2i % 2 9 1 142 109 Columbia G A E deb 5s.May 1952 45% Jan 73 M 87 42 M 100 God A ref 4M» series •1% Ma y % Dec 2 May 32%Nov 14% 38 ■;J 2% July 25 1434 Sept 2 18 ----- ios"" guar1950 F A Gen 4 Ms aeries A.. 1977 Jan 110% Llbby McNeill & Libby 7 Life Savers Corp....t......5 21% 106% 103% 25 100% Jum 400 10,400 11 108% 108% ^3% 33% J6% May 4 27% Sept 15 Dec 35% 8 V, 112 *103'»:,J ♦l()7".,s Serlen A 4Ms guar.........1942 Series C 3Ms guar......{..1948 .?■; 7% Nov 2634 Oct 5% Aug 18 2 Jan 21% Sept Jan 116% Jan 24% Sept 16 14% Nov 18 19 21% 34% 31% 27«4 July 22 108 Cleveland A Pittsburgh RR ■'? 16% Dec „* „ .»■- 108 St L Dlv. 1st coll tr g 4s.. 1990 .1- Jan 9% i 8% May 11% 21 Cleve Cin Chic A St Louis Ry— Feb 34% 3-4 May 16% May 26 Dec 24 arlO 14% rt*% 1 11% Dec 10 -.1 5 Lernec Stores Corp..{.No par Lehman Corp (The).! Lehn & Fink Prod Corp Aug 8 32 .. Apr j 29% May 19% Dec 26 19% 21% 29% 6% 1434 Dee 22 19% Apr 12 107% Dec 12 134 Jan 2 13 '4 Libbey Owe is Ford Gl.No par 19,400 34 34 64% 21i' >ehigh Portland Cement.. .25 4% conv preferred. i .... 100 {Lehigh Valley RR..| 50 Lehigh Valley Coal..4.No par 3 5 45% July 16 14%8ept 15 1ft >96 i *110M •Clearfield A Mah 1st gu 5s.i..l943 jFehi 4 -May 22% Aug 23% May 17'.} Sopt 14 93 M 'xyw -. Cl" Un Term 1st gu 3Ms D..1971 Jan Jan 142 lk 1 X'*x. 32 A Apr 7 ^ 9 ■%%% '?;• 38% Jan 15% Nov May 24% Ma 2«4 22% 12% *142% 145 *-'.._ ' 145 16% 15% 13 15% . 19% 29% 10% 10 2% 16*4 20;% ' I' *18 14% 2% 1134 19% 12,400 19% 19 I9'8 31 2 19 *11% 19% 300 22% *105 2 107 33% 31 20'4 21 20% 4% *32% 64% 6 4'8 19% 12 • Yee Rubber A Tire -V 1,100 17,200 10'4 ' *11% 19%. 20 6,300 65% 66% 30 22% 347g .rl9 11% "11 *784 ■ • 7% : 179% 22% 34% 19% U<8 1984 3,500 2% 60 31 10% I.334 21% 34% 193s 10 176 67 22U L 734 1,201 y bb b4'2 65t' 67% 179% *176% 179% *176's 179% 22% 31 22 1 734 2% "m .. 1J78 19% *•% :7% 7% 12 19% 2«8 " 2,m 1584 23% par i.No par I 21 8M 8M 95-".. t •46% 17',j Jan 2 10% Dec 24 (The)..i.No V-T i'-i • 95 West Gst A ref M 4M»serieH Apr .'1% May 100 5% preferred. Lambert Co Lane Bryant " 113 *111 2% 1.600 10 v .15% 22% 23 lil 2% 2% Uh 19% *11% 1 113 *110 2%j *9 . 15 1434 26 11 -i - 93 k 105 " Dec 87%Jun( 27% Mai Laclede Gas Lt Co St Louis 100 80 26 11 111 270 734 734 *22 - 1 179 15% *143-4 15M J. . t *8%, *24% 18 43% 10 A J E: 1 69 12 k Series D 3Ms t X"X 24 22 % 23% ' 3% July 25 5% Feb 14 8 26 "2(")M ""48 93 M Dec 3934 July 22 14% July 30 38 Jan 10 25' 20 .xi.x 20% Nov 101% 11% Dee 10 Dec 18 30% Dec 10 24 19 & New Orleans 5s..1951 Icfeinnatl dGas A ;15%' Jan May 2 106 64 18M iiuzx 19M M N 6 20 *15M M,V 48 , I7M 19 M Mar 7%. Apr May 8 Jan 8% Jan 4% Dee 23 19 17M "20 ' ;{*Choctaw Ok & Gulf con 5s. 1952 Apr May 9 92 .1 Jan 27 18 98% Feb 21 1 Kinney (G R) Co—i ■4 117 «g May 121% Apr 18 9% Dec 19 16 9% Jun 1434 Aug 13 104% 95 1 17M M N Indiana con 4s. 1952 ; Kimberly-Clark.i 1U 17M 622 9 1H 1114 k 3Ms—.........._.:1051 Income o. Keystone Steel & W 1M Chic T H & Bo'eistern 1st 5s. 1960 Sept 17 2284 Aug 9% Dee 23 100 Mar 19 A. 1 B.I.—4,.—.1.—-.1 O 1 'Chicago Union Station— ^ 1st mtge 34*8 series E...!196? 1st mtge 3 Ms series F. 196? 121% Mar 12 6 Aug 2 Dec 23 14 Kelsey Hayes Wh'l conv cl Kendall Co $5 pt pf AXNo par 31«4 - convpreferred......100 •4 35% 34% 127g .26% *178 5% Stores.....1 Kayser (J) & Co 1. 5 Keith-Albee-Orpheumi pf.. 100 1,500 *103% 107.% 26j2 2b'.} 100 preferred..—-I...-100 4% A 1 2037 Chllds Co del) 5s.. Kaufmann Dept ,47 8 Memphis Dlv 1st g 4s......1951 i! Jan * 1 12% Jan 1C 5% Dec 24 Furn.-.IO Kan City P & L-pf ser B No par zll0%June 12 2% Dep 10 Kansas City Southern.No par 20 2,100 6% *90 3°8 25'8 300 38 8M {♦Refunding gold 4s :. i *1934' {♦.Secured 4-Ms scries A 1952 *Conv g 4 Ms-.-— ---I960 .1 Kalamazoo Stove A 900 100 100 2134 *6 •« "4,600 10% 10% . 2i% 22 3% 25% 26% 3% ' 15 *13 • 4% 4% 4% 4% 3 2«4 - 14 107% *103% 197% *103% 107% 107% *103 34% 34'g 34% 34% 34% 35% 35% > *i2% 13% 13 13 12% 12% 13 *26% 28 , 23% 26% 25%' 26 26 2 2 *1% 2% *1% 2% 1% 3134 32 *32 3178 32 34% 33% 22 % *3 A• 14 10 4% 25% 25% 26 ;'f 2514 i 278 ,3 14% 119 *118 9% 9 % no% 10% 10i < %00 *100 102 100 100 67« 6s4 6% 6% 6% 6% 100 *90 *88 102 *90 102 10% i03s 10% 10% 10% 10% 6% *6% ; i 3 15 *9% *)"s 10 *100 lolls 538 5% 119 *118 119 *118 15 3% 15 1512 ■I 5% 5% 5% ■ 119 *118 119 *118 2,500 38M 37M 37 M 38 '♦Certificates of deposit.. 4s ctfs registered ...1988 i ""77% "jan K 5% 5% 127 101 - ■" ■ 33 M 38 M A R I A Pac Ry gen 4s. .1988 Chic A i 37 M 37% F 1987 •. 4s registered....... fr 86% July 31 Joy Mfg Co 36 H .33 M . i*ChIo iCh St 122% May Feb 11 1634 Dec 10 59 Get 17 5% 61 •iik Jan . ;j 84% May 2 71%Sept 18 128 pref scries A..i 100 5% pref series B conv.,100 Jones A Laughlin Steel.No par 600 *834 9% 8% 61 7 63 38 % {{•Chicago Railways 1st 5s stpd Aug 1940 25% part pd-.1927 Jan 7 Jan 111% Dec 1 Nov 6M 6 Deo ,'•/ 8 '8 122 8 14 49% Dee 26 122 100 Preferred... x 300 21% 03% i 100 i.No par 4k%. preferred Johns Manville y 60 *122% 124 22% 2i% 9,300 Inc.-.i-No pur Jewel Tea Co 100 ■ 51% 497R 5M "38M ..1987 ♦Conv 4?4h series A Jan 4% ;ri 1% May 4% May 44 5% Dec 23 32% Apr 23 108 Dec 11 1 (W B) Co.. Jar vis 1,000 33% 32% *107% 108 63% 23'i 62% 22% 2278 - 1,600 1 xi 33 30% *62 1987 M N ♦1st & ref 4 Ms C..May i 6% , m J 5 ♦.Secured 6 Ms 1936 A/N ♦1st & ref g Si...'...May 1 2037 J 1) ♦1st & ref 4 Ms stpd May 1 2037 J D j 5% J 6M J H Dec 13% May 97% Jau % 1*4 May 9 338Sept 9 14 Sept 18 98 Sept 8 9% Aug 20 1987 ♦4Ms stamped Feb 39>8 Day 6 7 If N "tstpd 4s n p Fed Inc tax.1987 My ♦Gen 4?i's stod Fed inc tax 1987 UN 4?^s registered ..1987 M ATI ♦Gen 5s stpd Fed inc tax.. 1987 M N ; v- 21% May , Christmas 7 .Mtty I960 4s registered..w......... Jau 133 Juik 25 3% Sept 26% Dec 22 Mar 21 B 3 Ms registered ♦General 4s Jan juuc •7 124 l $6 preferred- *131% ser {Chicago & North Western Ry— ♦General g 3Ms........ 1987 MN Jan 26% May 104 ' 87 6s & Sou 50-year 4s.. 1956 J {Chic Milwaukee & St Paul— ; ♦Gen 4s series A...May 1 1980 ♦Gen g 3bis ser B.May 1 198R ♦Gen 4Ms series C.May 1 1089 ♦Gen 4 Ms series E.May 1 1989 ♦Gen 434s series F.May I 1989 {Chic Mil w et Paul & Pac RR— ♦Mtge g 5s series A... 1975 ♦Conv adj 5s. Jan T 2000 Dec 38% 10% May 40% May l34 May Oct 30 5% Feb 19 Feb 24 7 Feb 14 Stores .No par ...100 Preferred- 26 ./ j Dec ,-7 3% Ma\ 19% Juiu 37 49 1% Dec 22 16 j 2% Dec May 109 31% Jan 30 1% Dee 18 & Tele? No par Foreign share ctfs...No par Inter Telep 44 35 M j Jan 6234 173 18% May 1 July 26 2% Sept 12 25% Feb 15 95 Jan 3 preferred....100 62% 84 M 35 J ♦Refunding g 5s series B 1947 ♦Refunding 4s series C.....1947 ♦1st & gen 5s series A...1966 gen 1 121 61 {♦Chic Ind & Loulsv ref 6s.. 1947 4 or 48% Oct IS 40 Oct 24 May 20 23 M 21H. 121 Jan Jan 13 International Salt....-No par 22 k 26 ./ ;.*Gen inc mtge 4^8........2038 Jan 5% 31% Sept 11 51% Dee "77 34 191% Mar Mav 27 H 76 52 Mar 12% May .... 71H 5% Nov 14U Sept 18 Interstate Dept "f~F 10 90 - "73" "73 66 7% Nov 47% Mar 113 June 38 73%June 10 40 * 16 8714 Apr 1% Dec 4 9 125 136 145 20 1,500 97 *7% Exchange Dee 19 23 15% 5% Mav 1% Dee 24 Mining Corp International Silver.. 87 X 54 79 70 Nov 2% Jan 10 30% Apr23 International Shoe ....... 14M 63 M Apr 94 Y 6% Mav 6 131 300 30% 158 13% Nov 10 2% Jan 3 50»4 Dec 24 % Dec 16 1 Jan 8 54,309 1,430 301' 8% 30 *131% May ' 84 M 87 J 70 Jan 118 2% July July 22 57 170 9 1% Apr 16 32%May 23 38% Feb 21 7% 8% *93% ) A pr Jan v Mav 7% Mav ,4% Juui 21% Auu 01 Juil' 10% Feb 19 200 1% *1% 8% Stock 1 preferred.-—!----100 5% preferred. 9'% 13M 84 79 14 M O 195S No High Low A J 63% v 35 1% May June 10 © A Nov 23 29 66% May ...15 160 Dec 140 11% Jan 2 167% Jan 10 42% Dee 10 150 > *97% 107 1% ,1% *1% Dg 8% 8-8 *9314 97 8% *131 '700 0% 72 5% conv preferred.4 100 Inter Rys of Ceut Am..No par 1,600 1% 5,400 Dec May Dee 13 8 6% Apr 21 Inter Paper Co... 2634 L% 42 140 1 Canada!-No par Preferred.. .....100 ? 17.800 5 Dee 10 6 Int Nickel of 100 1278 55% July Marine.No par Mln & Chem. .No par Internat'l 53,600 47% 27 27 26% 26% 4,900 2% 3934 1% 1% 8% 97 *93% Prior *45% 35m 8% 8% 1,800 47% 1% *97% 107 94 2 2 42 2678 1% 1% 1% 49% *4j% 2634 35% 1% 1% 1% 49% 13% 55% 1% 40"' 1*4 s 45 38 ,'300 128 44 *131 ... 128 25% 45 94 27 27 *131 26 *3 «34 138 1% 8% 1% 8% 94 8>2 *8% *93% *8% 25 47% *97% 100% *07l2 107 2478 44% *34% 38% *25 *1 Internat 130's 13)% *128 I278 13% 13% 54% 55s4 5534 13 5434 1% 1 134 24% 2% 27 *39«4 *44% *1147i» 13% 56 : Ho Jan Apr Jan 6 9 o Chicago A Eastern 111 RR— • 1 ♦Gen mtge Inc (cotiv) .1997 r J Chicago cfe Erie 1st gold 5s 1982 VN Chicago Gt West 1st 4s ser A. 1988 r j Jan 24% 43% 163u May 13% Jan 6 7% Sept 11 27 Sept 18 113% Jan 28 3% Feb 17 Int Mercantile 50% 2% 24% 2334 2434 2li4 130% *128 130% *128 23% *128 Int 4,200 90% Jan Feb 25 6 Hydro-Elec Sys class A.25 7,700 11 8% Dec 10 100 %« 13% Maj 20 Jan 27 111% Jan 22 161 Jan 10 19% Apr 16 107 No par Preferred Dec 21% §2 eg co A Clilc Ind 100 Internat'l Harvester 10% 10 63 1 .No par 4 1949 General 4s Jau Jum 9% July 21 29% July 28 No par Jnterlake Iron..' -No par Int Business Machines. No par 100 , 1% 50 47 6% preferred. Intercont'l Rubber 1,500 158 49% 1% 1% 1% 43% 1 43'2 41% *150 10% 10 10% 978 6% 61G 9.'!2 %6 932 % 10 ">8 *103 j „ • Feb 1 5% Maj 2% Price 1049 Illinois Division 4s.X...---1949 .; u 4s regis tered...u.... 1949 registered Jan 6% % May 2 Feb 13 Copper...20 10% 61? - 434 Aug Dec 10 Co.......No par Inland Steel , 31 1 5 100 6% preferred 3,800 67% May 4 Aug 14 Ingersoll-Rand.— ..j-No par 70 .... 66 66% 27 12 10% Aug 45%May 22 20%May 27 85% Dee 12 154 Sept 23 10 .-No par Industrial llayon 7% May 3 6 24 2% Dei 18 Indian Refining 800 90% *89 90 % 66 6684 84 Jan 5 series A..-1000 100 Co 12 ' fe 1st & ref 4 Hs series B......1977 v 1st & ref 5sseries A........1971 F Indianapolis P & L Co.No par 900 2,500 24 2% Dec 10 4% Dec 10 11% Dei 9 32% Dec 23 RR Sec ctfs 2.110 7% 23% 2334 89% 91 ^ 4,400 14% *7% 7% 23 '• 6534 2% 460 6 Chic Burl & Q—III Div 3^8 Feb Feb 1% % Dec 2% May 21%Sept 11 4% Jan 13 6% preferred series A...100 Leased lines 4%...: 100 Illinois Central RR 1,000 14% *12% 3% Jan Friday's Bid rfc Asked (Cont.) ■Chic & Alton RR, ret 3s..s:!: 1949 share $ per share per % Jan 22 1534Mny 26 ■-% Nov $ thare per 1% Deo 23 1 Corp {Hupp Motor Car 11,000 12% 32% 2% 5 5% 12% 10 10% 10% 10% 10% 61' 6% 6% 6% 6% 19% 20 "20% 1934 20 108 *108 108% 108 108% *103 *105 103 63.} 6% 6% 6"8 6% 6% 678 678 67(t 6% ,-6 34 6% 678 0% 684 678 149 149 150 150% 149% 150 *150 153 44% 45% ! 45 4554 44% 45% 45 457g 157 *150 153 153 159. *153 *153 15'J , 4,900 $ Dec :4 : Car..4.No par Hudson Motor 21*4 loir JO's 6»2 21 } 9 5% *155* 64% 11,100 7,000 12% 89 90 *155 65 3 5% 14 8 *89 153 18 2% 12% 32% 2% 14% 32% 2% 700 Share $ per Week's Range or Sale Highest Railroad & Indus. Cos. 3,300 17% 3 Lowest Highest f.: Lowest i.-rPar Hudson & Manhattan 100 5% preferred.....! 100 Hud Bay Mln A Sm LtdAM par Shares 1% 1%' . 23% 33 241.} 90 933 5% 12% 2% 64 3 . % % R Week Ended Dec. 26 Ij.y, EXCHANGE • Week 5 per share 7% 5% 12% 14% 153 j share 1% % 14% 7% 77g 24i2 *7% 24U 1% 2% *2% >. 1414 per V. 3i« •j5 " : 5l,t 12% 32% 1234 32l2 U 2 12S4 3 2% 27g 278 i4 :'/*3« $ share per 1% 16% 1% 17% 10U 1712 $ % »»2 1% 2 *11« 17 % '4 U Dec. 25 Dec. 24 Dec. 20 $ per share the. Friday Dec. .20 Thursday Wednesday Tuesday i N, Y. STOCK EXCHANGE Tear 1910 On Basis of 100-3Aar« Lots Last BONDS; Range for I'rsvious 1 Range Since Jan STOCKS r: YORK STOCK .■ .. 108M Volume 154 Number 4026 THE COMMERCIAL & FINANCIAL CHRONICLE NEW YORK BOND RECORD Friday BONDS N. Y. § Range Sale :: Bonds Sold Asked d- LOW Range or Friday's' ,> Bid Vice NH, NEW YORK STOCK RECORD i JF.eeAV ,:i Last .2 STOCK EXCHANGE Week Ended Dec. 20 Lmo Hi(Jl Low No Fntwdan Dec. 20 1 Del Power & Light 1st 4 .1071 J 1st & ref 4 34b. .1000 / 34s..--..— .1000 J ti*Den&RG lsteo >sg4K-... .1030 .13)30 §*Consol gold 43^8 : II; J H. 107 ""*2 10 107 J 306 7 V 9 7V 9 V 9-4 9V ------ 57 V 108 V 103 V 106 105 106V . J J ./ *46 % 209 mm - ' v ' 0% 106 5s...Aug 1055 F A F. A ♦Assented (subj to plan). ♦Ref & impt 5s ser B-.Apr 1078 .4 O f*Des M & Ft Dodge4s ctfs... 1035 J J t*Des Plains Val 1st gu 4 %9... 1047 1/ S gen 1 *105 1965 A % 9 O 1 9% 10 5 V % r 84 ill'" ''2 Gen & ref mtge 3 Josser G... 1066 M S Gen&ref 3s ser H1970 J D «•> % >153 6 V 3V 109 V 110 104» 105 18 103 -1061 34s -------1050 M Detroit Term & Tunnel 4 34s Dow Chemical deb 2 - - A 103 103 Mi O J J ""*4 1{*Dul Sou Shore & Atl g 5s.. .1037 Duqucsne Light 1st M 3348 1965 J *53 *55 . J 107 X 108 23 95 V 102 108 V 24 '■('' *103 * 2678 25.: "165" ./ J 5 s.-.1095 Ed EMU (NY) 1st cons g w 534 1612 98 Hi 85 'i *100 ' --1965 .4 {♦Erie RR 1st cons g 4s prior. -1906 56 • 96 V registered u 1096 ./ ♦1st consol gen lien g 4s.....193)6 7 Gen 4s registered 103)6 J ♦Conv 4s series A-1053 A ♦Series B- -W-»ii4i4-----1953 A ♦Gen conv 4s series D -1953 A ♦ 1027. 5 Ref & i mpt 5s of - % ■fs)% - - 59 61V • % G c- - ♦j Ref & impt 5s of 1030..... 1975 .4 O 1st cons M 4?4a ser A w i 1057 J J lHtcons M 4sser B w 1 — ...1905 ./ J Gen mtge inc 4 34sser A wi..2015 / ♦Erie & Jersey 1st s f 6s 1055 J J J ♦Bencssee River lsts f 6s 1057 J ♦N Y & Erie RRext 1st4s...13)47 UN 1038 U M 2% 2lg : 12 s4 ' 6^8 '.M.. :%• *53 - 56 65 V ; 60V 60 V 59 V 34 V ":83V 27% 10 V 1 F 87 54 54 *53 80 3()lft 414 25 30 30 137 i 16 24 25i2 *24-9 26 *23 *8 96 101 .... i — 106 96 2 104 >: *2 *112 *56 99 43 67 • 64 V 7 % 7% 7% m "'.53 13 7% We 1% 1% 1% 7 2 3 1.71 33 "~7d~ 8 V 170 D j 6 2214 - -- "412 J *34i2 1040 j 96 *95% - - - * - " **■ V 30 38 558 57s III4 2334 > • 121 1 " 2 111? 1 1 661 "95"" 95 V 96 10 '43s *35 36 ' 8 ■177 534 73g ■7 79 77% 18 — 4' 137g - 195% - J 37g 4-3„ 81o87g 12?8 1338 414 *87g 235« 41.} 93g *1-312Li .35s 79 5914 ; •- *140 142 15 109 4)9 ./ 108 V 99 9 83V 94 IS 91V 75 65 74 87 V 93V 93 V j 74 74 115 Feb • ■ *63 V Feb - m 62 *82-'" ./ ./ 64 V 64 ■ . ' 57g 5% : 1278 V 3,100 Mulling Mfg Co class B 1 60 May May fli4 103V Jan Dec Jan 1,000 1,400 46 * 123 90 7V May 64 July 15 Aug 22 2 2 May 0i4 May lli2 May 103 35 Dec 24 Apr 64V Dec 1IV Nov Vi Dee IV Jan ,4V ,19-v IV Dec 9ij May Jan Jun X79 No* 119 May 110 119 July 122 Oct "3D4*May 56 Jan 33V May 45 Feb 21 *2 Jun* 5 Dec 10 Jan 4V 7V May 6 4 Anr 110 May 12 112 Jun« Deo 113V May 30V Aug Niv 17 51 2V May 26 May , Deo 124V 33V May 17V Jan 4 24V Jan 13 4V July 21 74: July 21 15V Nov 27 74V Sept 24 SVMay 2 6178 Apr 17 17 V M/vy 45 May 95 Jan Feb 28V May i38i2 Dee 12V Apr 4 8 10 109 26 Auo 10) Aug 23 6 18 8V 23V May Oct 2^ May 34 V Mar 24 14 May 82 V May 10 39V Jan 43V Jan 23 Feb 19 85 11V May 6 Jan 14"* May Fel 53 V Feb 24 V Mai 1 3 113V Oct 26 Myers (F E) & Bro4-.No par 1 7 9 0 15V Oct 2 ' 1 July 16 3V Aug 2 17V Aug 4 94 Sept 20 118 V Sept 24 6 Murray Corp of America. .10 8,500 5 4V Jan 11 79V July 28 Mar 27 Mar 21V Dec j 5V Dec 10V Dec 18®4May V IV Dec 1 $7 preferred.?.No par Ma isi lgwear IncNo par Murphy Co (G C)—L-.No par 100 *62 633.4 . 2«4 5ig 678 IT'S Jan 30V Feb 16 Apr 12 May 18V Apr 15 May 26V Jan 5V Nov 8V May 2V May 20 May 56V Nov 15V Mar 8 V May 56 Feb 19 83 May 97V Ma* v 8V Jan 11 51V Jail 27 4 41 Mar 11IV Deo 8V Nov Ma* 53 Jun Apr 10 Apr 5'2 131? 13ia 4i4 87« 14 12% 13% 1434 33 2-34 534 14 69 212 85s 107g *10l2 11V 73 *70 73 • 714714 llM U' 107g 9 9 *71 73 " 73 *70 • 1,009 1,099 599 7 23v' J 90 38 60 73 V 40 36 50 - w-» _% 2719 28V 73s 7% 7V 1234 12-34 3834 9V 5'2 15 110 12l2 7>2 1239 38 3812 38 126 A '"-2 120 - 101- L 101 <'■ - 126 12 68-G, »i2 5i2 15 *43. 42V : 32 33 V • ':e.3 34V 42 124 33 7V * •*-' •■ ^22 35 V 33 195 8V 7v 228 •' 41 121V 127 « s 421.9 46 '. hi '8 3SV 46 *t J 100 v 101 v 41 loov 10s ■:-. 13)51 J J 7 J 1 951 7 J A O 88- 'lit: i''. -V H84 *00. *78 2 91 ' 97 % i 3c. c ; .*78 ' 86 2''2m- 89 „ l'g, .1 90 12V ■ A'a V23I2 *30•-> iii'J Jm '70 38V "41 35% V .13)52 J 93 V 35% 36 32 V 32 V 34 35 Refunding5s-.-.—- .1955 MJV 43: .1966 F 34V > 34 A .i.. ;. .1950 j .13)51 j j .13)53 j A .1951 J .1951 J 7 3>4 registered..i_—. .1951 J 7 mir V. *■■■' • 73 41 46 V t ,; • 74 V,'82 V 59 V 64 '"7 50 CIV -■ Jit's. 39 47i • '-,*18 41V 4*1V 4 41 49:. 42 -51V 44 51V •43 V 47 , *46 58 -i 59 10">« .1U? AV ... 10l2 4'2 *461a' 53 1 ■ 47rl2 .,•471? 4V 1 Sept 25 Fab 14 j 9 Dec 19 . - - 50 (May 16 8- Apr La Conv preferred.---' Adjust4% preferred....100 4 35 *30ig ' 78 *21 - Northwest Air Llies—.No par Northwes tern Telegraph.. 50 Norwalk Tire & Rubber No par sJ... 78 1,539 231? 9 77s C 39 - 1,900 _ Preferred.-———Norwich .... 50 Pharmacal Co..2.50 Jan 33'2 Mar Ap- 58V Nov "jj Jan Jan 3 .5 V# Oct 29 I79V Dec 23 109 Feb 25 9 10 2 3'»4 Dec 9 108V Dec 24 ■ IS 6 7 Northern Central Ry Co...50 Nor States Pow $6 pref.No par 39 3 V May June 50V Apr 29 Northern Pacific RyJ.....100 15 May 20 V May 6 8 45 L.. 50 200 2 Jan 5 hfl Oct 30 7! 9V Dec 18 3,403 - Jan 60 10 29,800 2114 42V Dec 12 10 V Dec 03 July 101? 8V May 110 North American Aviatlon.-.l 1O012 Jan 2 Jan 14,009 . Jan ■18V Feb 24. IDs J. .; 50 9V May 112 xaOV Deo „ 30V May s 115 100 North American Co;-. 6 June 18 1 110 &M preferred aeries L .....50 . Dec 106*4 Dec 23 800 t. -Jan % 8's Apr 12V Apr 115V Mar 117V Aug i—No par Co. —.50 10% Jioa-cum pref.. 4 - 41 ■ 6 % pre fen ed series. 10'4 1 52 i 8 2V 8V 16-34 2V 57>, 57V 16 2v 3 10V 103,t IU4 7.:;.. *142. 144 4i2 . 45g 47 ■- 47 48V 5ig 48V 21 19 10 *49 ?' *115 48'. 8% . *19': 181? *115 .463i ■ *142. 51 *115 8 16 V 167$ 21, 2V 57V 58 3J4. 314 ■ 3% ■r 1134 —ISi's 181s ■♦..u.-L ;.52> ?*48l2 1 1715. -• 3.l4 -—314 41? •' . 1714 -1738 218' '21? 2 If 58.-> >14312 50 V 'mmm-Jm • 111? 4Sf--% >8'«k 8v '--■'S'IH ■ 17r>8 2 >8 58 41V * • *1738 j. ;• 55 % 42V ! 8 -Apr Apr ■ 7VJune i 34 Aug >8 Feb Vi (1 % : ■ V Jan 10 35 Sept 18 32«4 Jan 8 13V Jan 25 175 May 119V Oct 6 17V Jan 10 105 215 11 May 117 Dee 23 Jan 69 Jan 47V May' 58 Jan 15 26V May 101 May J»n 97 V Dee 9V Jan 114 Sept 27 May "39~"Ncv 84V June 4i2 May Sept 29 1 6 Oct 21 2»4 Jan 11 27V July 30 1314 Feb 7 7 V Dec 23 Jau 31V Dec 35V A pr 226V May 47V May -17V Jan 10 98 Jan V 14-V May 5834 Jan 6 57V Jan 20 8V Aug 113V Nov 2 Dec 20 40V Nov 19 Apr 25 Oci Jan Dec V >>• Jai> May Janl5 23 434 May May 104 7 V Dec 26 j , 3 1 >• Oct 3 2>a May 25V Aug ■ 5'a Jan 42V Jan 11 16 V May Dec • 47V 45 V 33 V % 33V 287 Aug Aug 91 53V 110 O 33V 32 V 6 • 73 V ■64 V 50 ~m 7 Gold 3 34s~- " >•' i ,35 V . 148 V -42 V -'46 *50 j .1951 F 3s.. : • *7i«: ri\ Litchfield Div 1st gold 3s.. .. ■ Dec July ''t 48V 83s 3 6# 5% preferred mrnm 35H - 34 V 110V 51»4 3?8 *107 2419 '■•■23V f23V 8 734 ,8 7V,, •j^>,8': 93V 105V Nov Jan 10 399 *95?? 100 25V Mar Jan xlOGDec 12 Ills Apr 15V 18% 47V 24V Noblitt-Sparks Indus tnc...-5 iiv ni78 8V 10V Apr 10V June 45 Dec 10 Norfolk & Western Ry—..100 -7 14 116 Dec 509 111^1134 3V Jan 7V May Oct May 8V ■ 9 tN Y N IP & Hartford.... 100 40 2 110 10*4 Dec 10. N Y Lack & West Ry Co.. 100 68,609 6 8 7 1,09) 10» Feb Feb 23V Dec 10 52 Nov Dec ' 11634 5 ll's Oct 9V Apr 18 17 July 21 ' 27V N Y ShipbldgCorp partstk.Ll 9V 43 49V Nov Auy 23V Nov 2,300 *ol'4 5134 26 V May 2 July 28 |N Y Ontario & Western. .100 e 73V Jan 9V Jan 14V May May Ma* 34 J,an 27>34 Jan 2,200 *111 8V lOi 5,80) V. 4V 8 :,f' Jan 38V Sept 14V 5.599 m2 27 Dec 6-V May 48- May 30V h 131 y2834 20V July 6-8 May 'is .131-. 5 Apr Dec Dec 8 7 No par 190 29 13 V May July U - 3134 Jan 1IV Aug 3i« 231? 1912 178 153V May ;l8 ■■ *8 D rck N Y & Harlem RR 22V Mav Jum Jum 'is 1001 23G-, 2 312 -- 46 532 . 1 132 Jan 38 26 6% preferred series A. 100 COmilbusCurp..No par 39 xl60 Jan 96 Jun* 14V May 9 2 Jan 12V 108V Mar NY 209 66 Oct Apr 15V 72 he '-*9512" 100 *95l2 1()0 4 >Y' -414 ..;/ ,4 . 4lg 37« 4,18 1 3?8 4lg -*10834 11034 *io834 liosq 108-34 108'4 108V 108V *1012.. %i; - Yv1038-1034 10V ' 10-38 •-10V-- iov *30,-.,.; 36':i >30.;%38% >30V '36 >.*80V 35 %. : 88 82 88 *80 109 ------- Juni 7V Jum 5'2 May 100 710 . J 6,10) H. 1434 -42.: *90^ -TOOr: - 93a *43 1.it - 3,909 9i4 New York 7V 26V 17 N Y Ohio & St Louis Co...100 3,409 17 Apr 7V Nov •19 V Dee preferred. —.No par N Y Air Brake.—-. —.No par New York Central..—No par 609 39 • ■■I'THcmir: 78,109 7 *1278 18V 6V May 22V Apr 28 5 V Apr 23 conv 7U 7h 13V Mar May r 13!4 3134 1314 1 $5 Mav 1IVJun3 Jan "ioV'jan Jan N'port News Ship & Dr Dock 1 100 H Nov-10 he ; 48V c%:/: 6 20V Oei Ma\ Apr Jan Dec 79V Dec 6 45V Jan 16 105 10 Newport Industries.;....... 1 ■ 9 8V Dec 10 6V Dec 10 lOV Dec 10 69V Ju y 25 31V Dec 22 Newmoht Mi dig Corp 5,209 , Dec i . *4 5'2 14 *13»2 107l| 107U *107% 117'4 28V 1234 1*43 par 434 % conv seri al pref—.100 Newberry Co (J.J).—.No rar 5% pre! series A. j4—. 100 5,800 15V Sept 176 Jun -*9V Jan 15 Dec Dei ' 2 ....No par 10 16V 24V Jum 155 7'V Mar 20 63 V Jan li 7V July 31 8V Feb 19 16V Nov 10: 41 68 Feb 10 Sept 8 43 Feb 14 ;; 75 V Sept 78 ' > "4", 90 9 36 ,3S2 *13 , 4219 100 100 j..No 31U 27V 7V i 2818 2834 28V 28'o 28V 29 .2078-2078 -*20l» 2OI4 20% . 20V *183 -180 i 180, 181 c 180 179V 180 180V 115 1151? ♦lit G 1163.1 *111 •*111. -1 L534 U634 9% 10 % -958 10 r, :>9l2.'.v03.i 9Vr 97g *511? : 521' :.,5314" 521 '>51 C 52 *51 52 4 *5114 ; 52 ' *5114 52 $li2 51 ?2 51V, 61V 101V 104 V 26 V -.'g l,32 " l2 11 28 \28 "? .21 -2Af'. 103 71V 56 18 104 V V' ♦118 V O ' .. ' 132 V 85 V 1 70 104 V- % » " V- 33 H 10 309 21'2 25 *10112 lO'l 2314 2334 108 V H2V 12?. m'Z.m 28 , i,..No par Nets tier Bros Inc.._i. 1 ' 9'4 9lg 9>5S I 93g 91» *4Sg *45g 5 458 45g *131.1 ;14 ' 14 *13V 11 * 106 -I4 *107 110 *10612 110 « 1O034 106-34 *107i2 117i4. *10712 U7l4 *10719 117M *10712 H7V 9 *4*8 89 90 V 103V 105V .... 103 V 271? 73.1 13 38:! Me 120 71 33 *105'2 107 25'f 26 8 8% 23V 24t2 107i8 1071s ♦107V 11034 2334 27 *12i4 f.17 J J 71 NatomisCo 24 Feb 19 flee 8V Sept 9 2 V Oec 18 42 Dec 10 ( 4 Dec 9 Nehi Corr)._ 7 11 *34 *31 34 34 37 313.1 82 *105l2.107 *10532 107 *105V 107 261s 2534 26<2 2534 26 25V 28 j8V 8i2 8V ' 8*4 14V Dec 23 40 514% prior preferred 6% prior preferred National Tea Co.... 154 Jan 23V Jai 7V Jun> 16V Jul 15 19 V Sept 176Jari NcvlS 26 4 25 preferred.•. 20 22V 5v July loVSept 24 8 Sept 2 10V Sept- 2 25V Sept 18 20 V Sept 11 8V Jan 13 93V Jan 10 12V Dec 10 168VMay 29 138 National Supply (The) Pa. .10 coav 6 9 Dec 17 58 V Dec National Row & Lt..—No par $2 Dec 10 3V Dec 19 NatMall & St'lCast Co No par Natio/ml Oil Products Go. —4 5,490 9 11 preferred .No par 5,209 11 7 V-Feb 14 17 Anr 26 1 N itioaal Steel Corp 4 7 32- eonv L 8 3V Dec , 7% preferred A.. 1 100 6% preferred B._—— —100 %•; 500 3 ■if ;0 7V Feb Jun 13V 17V Jan 15 934 Anr 28 HV July 31 3 V Dec 2 s 7'12VJune National Lead Co..l.—...10 609 11 7 $4.50 v/;% so 2i4 1278 Dec 18 10 8,709 63% .6312 2'2 2i» Nat Gypsum Co 13V Jan 175V Jan •» 3V May II 9 7 2 Nat Distillers Prod..—No par Nat Ea&m & Stamping.No par 100 63V 63'2 ; 12V Oe* 6 — 24,399 5 To 2'2 -87g 1: *l's >77 7i7* > 7 ; 2'2 87g Jan Sept 711 VMay Cyli tder Gas Co.__l Nat Diiry Products...No par Nat Dept Stores 4..No par . *53 63V 63t2 - V .234 85b 9 11 :7' National '10 4,099 15 1434 100 Corp No par Natio lal Can Corp.L....—10 Nat Cash Register.!..No pai 16,709 33 5V Dee 17 67g Dec 10 12V Dec 19 160 V May 27 • Nat Bond & Share ijJpj 278 >: 2* 46 U. 47'4 5? 51, •2V Dec 24 It) 6% preferred 3 9 Jan 113*4 Dec _.5 L 19V Dec 16 5V July 28 23V Sept 2 23V Jan 2 7V Jan 8 Dec 20 3 14V 10 Corp.L. 430 162% conv preferred' 7% preferred 190 8,909 14112 14U2 15 1434 .5 .100 National Biscuit Cot. 9,599 3?8 \i 4 53i4 591.4 *159 6% Nat Aviation 7,901 899 809 241? — iiv Oeo22 par —.. Nitiooal Acme Oo.l... 1 Nat Automotive Fibres Inc..l 10,510 2,609 8l2 Corp. Nishv Chatt & St Louis 4,499 11,999 4lg 12% *12 31 11 163 ig 37g 48 V *53 60 5i4 7 137S ; Liquidating Co. No N.ish-Ki 1 vlnator 1,600 3,309 1,109 3,709 32,609 109 27g G Nabco 160 16U 1714 13 13V I82lg ; 2,109 31,599 134 314 ID4 8I4 1278 414 97g 2414 141 219 46 V ; 1414 60 83g 7% • . ; >... ■. 1'-«2 2 For footnotes see page 5 Nov 112 Feb 14 112 5 38 - *161 4V 1412 33'2 534 14 601 -7 lg 27 10 V 48 103V J 8t Louis Div & Term g . 13 V • 46 34 *133., 2io - 79 *109 .,1053 MAT Omaha Dlv 1st gold 3s 5'2 *37g 93g 23V 24V *12V 15 334* 37g 58«4 60 147s 347g 2V 212 48 *58 11 : 03 65 i - *87 ■ 103 V Collateral trust gold 4s. v; Loulsv Dlv & Term g 3 34s. Apr 45V Jan 10 3 115 par %;1 '' 6 .1955 MJV Cairo Bridge gold 4s Motor Wheel Corp.. Mueller Brass Co.-L.. 45g 17 7 1021s *159 *140 ' ... 2,000 2,300 ' 15\ 137g 1645s 141 *34 34V 2318 ' 23'g %223s 2314 ♦107'g 109 *107ig 109 i'.SV- - r - 2,400 ■Ji3C 3>4 I7I4 17V 27g 13 1312 . 64 87 22 % - 86 47V J 1961 A 1951 - 57g 10V 9V Feb 5% preferred-...1.....100 *35V 117g 60 14ig 26 65 5 V 92 : 1950 AO J 9 *■' C m 66V *5V • (. 1st gold 3s sterlihg--'.—--.-1051 US Collateral trust gold 4s......1952 A O ; 27 10378.Tune 6 24«j Dec 18 35V Dec 12 Morris & Essex..-..v......50 Motor Products Carp..No 134 1 ()5io 107 95V 94 34 10534 45 95 34 8erA..:198l. - )v 9 Dec 10 [77 Mcrrell (J) & Co...i..No par 1,230 99 V J ./ -1951 - - irpet-Mills.....20 203 4934 11 Is 63 65V *10734 4'3g .: 131.1 3?8 62 . *71 82 V 82 V 83^ illrtdls Central RR— r - % 24 2 11V Closed- Christmas 35 7 87« 23's 14'a 234 *31 95 V rS&SiiIfeSisS: 40-year 4 H 8- -- - 45g *16V 1634 234 5i2 4I2 . *140 47V • r 57g 11 * 4- - N V Oct31 1 , Dec 9 ■12V Dec y $4 preferred series C.No par Montg Ward & Go Inc.No par ' ♦Adj Income 5s—— ---Febl957 - ^'8 C 2112 4934 .. 13'2 60 15 " 25g 60 V , 93 V 1041 i {♦Housatonic Ry cois g 5s. ..1937 M.V ...iOoal.w N debs. - -iOoa f 5sser A.... 1062 JD 1udsonCo Gas 1st g5*P-...... 1040 MA' [udson& Mauhat 1st 5s A....1057 Fa - Stock Exchange 51 *161 13V •3-V •v 34 2-tn 85s 82 Iudson Coal 1sts - 1: 37g,, 4V 12V 83, 85g sF 8V 127« 13V 13V G8V 23l2 60 46i2 5V *58 ? 12 louston Oil 4 - Mahawk 43,166 33 21V 6V 10V 23V 178 55a 3 135(j 4 8V: 127H / 15 J37« 36'i 2A» 5G 43 lfit.co-.8g4>48—...1990 — Arr «V 47V 125 1 30 2514 *36 ; 1 4 ! 1238 i.,. 24 46-3.1 14 83 V Co 1st mtge.... ...n. 13)44 A O Purchased lines 3 34s 25 ' - 151-4 *58 94 ♦Harpen Mlnlng 6s-...; ii 1949 Refunding 4s- *114 Carp......'. Moisanto Chemlcal'Co-.-..lO $4,50 preferred—. Nopar Preferred series Bl..No par *11-/V 123 ♦107V DIG 22 35 55g 13V 334 13 "in 34.8- 38 1U8 71.1 1334 12' 4 25g > 96 105 V 26 - >*I8%^14 Extended 1st gold 3 40 1 13I4 12-ls 4634 -' • 101 1952 J - 116 67 161 13 i 13.3s 127g 162'g *14 <it*\ lfl2i« *150 93 V 1969 •UN gold 3 34s 1,800 3,300 5'2 3 • 161 142 83 J ; 1st 00 215a 3'g 13-3« 16458 12 834 *12 .. — 29 Jn»» Jun* 9V Jan Dec 26 m par 88V 12 69 46 -- 103V 137g 13V - 4'g -71g 106 7 1212 15 96 65, ..... 55s 1.35s lf)458 127g 33 59 V — J 2015 J if it $6,50preferred...'—.No >s 13, V 2?8 558 ••.5'2 7 7li *160 131,1' H registered 111Pee 5 1778 July 24 33V Jan 9 IV Doc i 36 3 3 14 . 42l2 4s Mar 17V Ma* 30V Apr 2 37 Jan 15 4 *10734 4-3g 4i2 3 98 V 107 c is, *145 100 % 4s ser B... 1975 1st gold 4s-....C 105 26 29V Sept 105V Dec 26 10 67G *35 *140 98 /• 15 V 93 V deb ctfs A. lllnolk Bell Telep 2 V» 200 M>Kan-Texas RR J...No oar 7% preferred series A... 100 *33 17 24 llf&Ship Island 11R—- loe (R) 4,100 2 89l2 114; LllS . 16 V :-:*87g , 235« 2334 *L3i2--14!2 334 ,'37g 5838 583g 83 V ilfMob&Nor lHt5/*HB.... 1950 A locking Val Mjm 71 6 Mar >34 Mission 7 *10734 4'2 43g ' . B.. Apr 93 33V Oct 0 V Dec Feb 14 >83 1,700 >51 167g 35 V 18 2 20 V DIV 1961 J M 5s st|)d 3534 105V 105V cum 7,703 6,700 35 V 84 V 110 12 V 12%. *18V 1946 J 3 Vsser D 1st nref.). —...Iu0 ,Mi.n-Honeywell Regit.No rar 4% conv pref series B...1U0 Ml in Mall tie Power Imol...l 8% ■ *18 11>8 r?. 10 V *8-'l8 13 - 1976 J 1077 J Steel s f 4 34s „: 17V 8VSept 1778 Dec 26 1V 12V 56 66 *50 3i4 4 39 9 1:146 J iir States Jun May 43a Dec 10 12V 11 17»4 12i8 1973 J .J 1st & ref Term 16V 10 82 Dec 24 113 V 231i 2 17l4 *5i2 00 11V -I. ,1952 J ilf States Utll 10i2May 1091, Jan 9V July 24V Dec 23 5 IV 1078 17 3V 3 i 72 V 55 1961 J _• 9 612 J' 1 n * 15V Sept 18 9 Dec ■14 12 V 231« 17« *16i2 *160 121V 0 ** -.-13)50 J With declaration. ioc 5s Her A 310 12 55« 3l8 87 V Jen mtge Jan Aug 18 110 29 3'g Feb 15 21 «4 Feb 15 Ml llaud Steel Prod.I...No rar 3,300 10 t'4 1118 174 100V U Mobile & Ohio 2,400 35 1»4 2334 178 17l2 *7 60 ► 18 5 51 MId-Conttlent Petroleum.. 10 1219 •:« i'4 1 's 2318 1»4 l-34 3 133.4 95 - Miami Copper.....1... 7,300 55V 22lo rl58 37 V 11 V 10 V 95 series C-, 05 2,700 17s *54i2 12i2 88-34 > • 1942iy D 1st mtge 5s Apr 25V Jan 11 27 V May 50 SlJ *12 '. 7:3', Grays Point Term 1st gu 5s.—.13)47 J b ^GtConBElPow (Japan) 78... 1044IF. A With declaration. -ik Jan Feb 9V July 18 3734Sept 18 9 70V Mar 19 1 16V 2 fell'.-1. 55 1958 *33 -. - May 109V Nov 29 j 5\ Dec23 I01V Apr30 1 24-34 5778 U- 38- .' 243,j 5V 16V 1778 n V.Si ' /, Hope Steel & I r see 7s .. 1945 A Goodrich (BF) l8t4'48.......1956:J J. ■>" 98 % 78 H Gotham 811k Hos deb 5s w w.. .1946 U 8 - ■ Day -75 35 B. shot. net 53<2 4 V 30V ■ 2V May I4VMay 9 V Doc 9 Dec 20 •t Merch & Mln Trans Co.No par Mesta Machine Cc. 5 2 12h V l's 1238 8034 .116 213.1 55g *50, v. 56 i 438 50 IV IV 11 *Good Bay & West ' $5.50 pref ser B w'w.No par 1,400 1,390 *547« 2V - *36 U'8 23i2 178 6 2'2 *131o Co cons g 5s. .1949 J Debentures ctfs 36V May 107 103 1 Melville Shoe Oorp.l Mengel Co (The)-.L. 5% conv 1st pref-I— 280 23 86 v 371 106 *100 58 12 37 Ills 11 '8 66 *6618 ' 6634 *10734 112 *10734 i V 107 91 v 1 60 *10 > '"m ♦20-year s f deb 6s 13)48 UN J Gen Steel Castings 5.3*8 w w -194!) J J !♦ Georgia & Ala Ry 5-?...Get 113)45 J t{♦Ga Caro & Nor 1st ext (is...13)34 J J reen 100 2,200 2,600 *36 % *36 V —- With decl iratlon * McLcllan Stores Co 20 4.V 25 2 23 108 64 106 94 J (Germany) 7s ,...13)45 j series D. - *23-8 03 35V 106-. 2V 13G > 22 ll'j 234 *4812 122 V General 4 V* 6V 73V 4V 534 lfll, l'V 03 '. 36 *53' v 534 163s 1S12 18V *100 ;! ne¬ 36 - IU4 , 56V 82V D3V 103 - '*414, f 6 3*8........ 4V 17: - *112 j 37 1 .*23 46V 7 107V ----- ----- 5»2-4s (Proof of claim) 1082 M N ♦Certificates of deposit....... Francisco Sugar coll trust 6s—13)56 M N 1st & gens t. 23i2 *11 "8 89 Highest share S 16 26V Dec 6% conv preferred 100 Mead Oorp l..No par S6 preferred.series A.No par "2*906 56 30 :• 2312 ' 221.1 57a ,. 57* 105 F'5 122 121V *104 A J 1943 Oswegatclde 1st 5s 1,800 — *70 24 36*' : ™ 8884 22 tFonda Johns & Clover RR — Gouv & 6 . 71 43S ' -l.)g ;■ lit l'V I2I4' 12% 1214 8-17g Do¬ 7 8OI4 •r 88G *36 34V 101 ■" 52 V 233 101V ii»;V2 50V 101 121^ 16V 243 105 86V 50 V 1956 7 I) deb... 13)61 UN ""94* {♦^Inking fund deb 6 lis 5H% preferred........100 1 per 20 Dec 18 103V Feb 20 13V Dec 20 f 6 Dec 18 par Lowest S share 56«4Sept 19 Dec 10 8 per 278 Jan 28 Apr l'13g Dec McKesson & Robbins Inc..18 200 64 V 38 26 V '"»*** *- ... Elec 6 *101'2 5V 1... 97 V 36 1 *200 27 V *103 ' — en -... *112 36 13 • 8 25% 25% ' XFlorida East COfVt 1st 4 34s... 13)50 7 D • 1 st & ref 5s series A .13)74 M 8 ♦Certificates of deposit Gas & El of Berg 4,300 105 6 17 31 ♦« 9?a ! Mclntyrc Porcupine Mines..5 6 30 I'. V, >11, *123s .• *15i2 Pennln5s 57g *10U2 57 > *93 97«4 214 5718 13lg 616 932 '• .'lM. v - 107i I Wi 3 1 *Fla Cent & 5,000 72*2 7.71 16l8 I8I4 .36 3412 eo> 1234 "• 1958 Fairbanks Morse del) 4s 3,200 McGraw Elec Co..—. McGraw-Hill Pub Co-No S -13)54 Firestone Tire & Rub 3s *1*566 934 *102 *11719 123 *ll-7i4 123 ! *11714 rs 11734 118 *i07i211 n2 *107l2 111I2 *10 7i2 nn2 *10712 ini2 25 lg 2578 261.1 26 2514 26i4 252018 V % 8 1971 1!•Ernesto Breda 7s :> 2% *57 y ., ♦3s mtge 4348----- 97g *102i2 105 65 42 ■ 57% 56 O J-2 2 mm - 56 loo cum 6V 28V 27J4 Ranoe for Previous Year 1940 Highest shore »er .. pref—l—Ato par McCftll Corp......'...No par McCrory Stores Corp.^ —__„l 6% conv Preferred.;—.. 100 •7: ' '■■ "han Sr. -13)6 7 UN ■■*"28 J6 Ohio Dlv 1st mtge 334s 95g 99V 40 82 . 14V 6 65« 285s 55 % 9 S6 1st 111 1314 80V ----- 97 - 4.200 800 13 $ Pat ■ May Department Stores 10 40V Dec 23 M.1 vtag Co. .—i Aro par 1 Doc 19 S3 Preferred l..Aro par 416 Dec 40 '7 8V 13 *105 84 53 V *52: Prior 4s ♦otg 28' f-<i5.i2 w.534 K-. _ IDs 97 G . 6 - 107:: *100 "I - 104^ O V 152 2 102 V V ■:,':■"■ 5 -08 104 V 103 V 106 V 2 56 % 55 70 % -10 09 %«9V ./ Ssstamped.. 93 149 "•'■ • ■ 834% 87g 13li 14 6 ,i 24«s 19- G*'19 3412 >.- 108 V 102 16 100 . » * " 100 99 V ♦ j J Auto-Lite 2 '4b debs.. -.. 1050 J D 91?4 Elgi n Joliet & E ist- Ry 3 34 s.... 1070 M S 10.tH El Paso & S W 1st 5s 1 »65 .4 Q p.-.S Elec 26 6<; 19- 08' ' v. 108 91 23 23M l(57g v Nor Div 1st 4s.. 1948 4 O EastTenn Va <fe Ga Dlv 1st 5s. 1056 M N *90 4'4 23i2 -22»2 -2312 23M ' •57« ■ East Ry Minn 500 111 ; 6 30 ' 19 ■ "• 1 to 16V ■' • 1 1 14 — *55-' 5712 I6S4 : 105V 109 . ' 4.I4 ' 23's 26; >. 104 V 106 24 Lowest Shares 41 1 On Basis of \00-Share Lots ; EXCHANGE - 101 10V share per 40V 16V 8V 13M 106 558 72V 30 '■"« 30 >2 23%< 231e 4 13V S li *105 978 *10112 ... 73i2 j43s 11 .i , 16V 91 90% 61 5>34 578 r *72i2 57t£ 30i2 / 2 ,, 13 Hi ' 29 *102 *7212' 73ig 30 *107 I 133.4 2814 5»8 ■ Dul Miss & ir Range lly 3 Vs.. 1962 A Range Since Jan. . NEW YORK STOCK the Week 1,900 3,700 1 8i2 05« 103 558 30J2 46 •:':, 95s 5^ •.,438 18 96 03s 6 578 lOfUj *10ll2 51S H2V 41 103 V ; 6h 28i2 % per share 41 *16 1.3 .•61" 6i2 103 112 V 48 •'.' '96*"' '' • » *101. 7 V 88 , 20 *—L UN Friday Dec. 26 ' 111 1334 14i ver share 1 40V 00 *105 283s 103 6 2% 17 V - .Detroit A Mac 1st Hen g 4s...-1995 J D ♦.Second gold Is * 1005 J D 14 01>g 109 3 105 ■is 90 111 $ 41. 1 16V 834 •: «S'8 13 13i2 *105 102V 107V 111% "16 110 : . 01 *81-1 -13l2 111 72 V 108 V V Thursday I ,Dec. 25., - " 3 .... 1 16>2 *£() 1312 14l2 j 6«a *6-lj 28-ia 28i? 10SV 17 V 17 V % 1 140 1% *4V- ... Detroit Edison 4s ser F. 1a IV r 9i 05g J♦Denv»fe RG W Dec. 24 ■> share v*r 4018 1, I6I4 42IN 1 .. '8M V 8I4 13l4 1314 .. 51 - 415g f • 164 ♦I6I4 *co 101 48 V *106 % *106 J 1st mortgage 4 * "4<)% J ... 103 V 109 If -f- S rer share. 431 i, I6I4 105% Wednesdau l Tuesday -Deb. 23 ■ -^Dec.-22;, ■ $ per share • 104 V Mondm High D ; STOCKS for; Jan. 1 • 105 Sales ' ?, 42 J Dayton P & L 1st mtge 3s.% .1070 J Dayton Union Ry 8 Vsser B.i .1005 J /J Del & Hudson 1st & ref 4s— .1043 UN SALE PRICES AND HIGH Since ■ ■ - Railroad & Indus. Cos. (Conl.) mi £ 46% , 52 ... 4719 ' For. footnotes see page 1714. *49 *115 46 V 52 ... 48 8 8'% L6I4 2i4 I6I4 2 i.j *53 ■!' 5-: 72 Dec 10 57' Dec 6 339 Otis Elevator—No par 20 6% preferred..........100 5 10,000 *49 51 209 2U2 300 ♦49 52 8% preferred A—4 -.100 Oppeaheim -Collins.«U.No par Otis Steel Co $5.50 conv 1st pref..No par Outboard Marine & Preferred... 43% No par — Mfg.. ..5 Outlet Co;....... - "9,100 6\ Feb 19 13*4 Feb 19 Omnibus Corp (The).... 1,090 15,100 *181? 47 No par Oliver Farm Equip....No par 3 107g 142 478 *115 Ohio Oil Co.—. 51 3 10% 142 17,109 >2.409 10,200 Owens-Illinois Glass No par t 100 Co_l2.50| 10 July 24 538 June 23 VJuly U 10 Jan 6 10V May 21 104V Jan 7 212 Feb 24 9S4 Dec 10 6 V Sept 17 1734 Jan 7V May 95 May 140 June 4 3*4 Dec 9 40V Apr 16 16 June 4 :48VJune 3 120 Mar 26 3884May 1 150 - Jan 11 2V May 11V Jum 124V June 8V May 23V Apr 14V Mar 112 - 5V 18V 150 Mar Apr Jan Dee 10V Jan 10 7 60V Aug 27 21 May 47 26V Jan 56V Oct 19 June 32V Apr May 55 Jan 115V May 120 Jan 120 6 Mar 26 5034 July 16 47 42 May 12V June 64V Jan Nov Jan ^ywgwq^n*toiiWaimf«T«MMatiftawilBaiM'»tU!Waro>K^ toM*MM««t&&tiitoitMWto>V'4S«5i I \ Tuesday, December 30, 1941to>. FINANCIAL CHRONICLE THE COMMERCIAL & 1712 NEW YORK BOND RECORD NEW YORK STOCK RECORD Friday for Dec. Dec. 23 Dec. Dec. 22 20 , I per share EXCHANGE On Basis of Lowest per f per share $ per share share Springfield Div 1st 15 15 10 10 10 18 10's 1038 *634 7 18's 18's 1 8'4 27 '2 27% 1412 98 98 156 1«4 U>8 *6'4 ' 6% 64 C 4 H2 fl»8 U>8 lBg 6 2 J78 2 14% 9 9 638 ' ; 67S 185S 11.600 2634 2,700 Pacific I,tg Corp to 14 1,100 Pacific Mills.... 1 1 34% 21 20% 1334 1334 106 106 12'4 12's 13'g 1 1,300 Paraffine Cos Inc .....No par 20,966 900 5,900 12»4 1212 12% 9 1378 74 73'4 *15s 201? 38 *37 834 i *43 44 1 1" 201S 5's 43% 20 3% 37% 37 29U 434 67U 41 690 20 20'4 290 4 1312 27% 58 *26% 57% *40 80 3% 31% 478 T,300 800 5 * 1,200 67% vtoito 8% 8% 85g 3,400 118 '• 174 *..„ 14,700 13% 13% 27g *30% 67 174 49 '100 •to 5 85g 8l2 800 3184 5 67 *..__ "V "4" 4's 4 434 4 r'8 4l2 50 *47 4l2 47 47 25 253g 24% 247g 57 57 » _ 30 600 174 57 56 56 "3% 4% *47 24% ♦55% 714 6% 67g 6'2 6»2 U2 143.1 U'8 1% 13g *13g 158 158 .,.758 *23i2 <i034 *117 15 1714 414 4% 101 *10 51% *17 ' 4 4i4 10 "•> 6i2 684 14l4 1734 4'g 14 < 9l2 63g 9i2 658 7 51% 7 73g 738 23 8 231 U8I2 *117 17>4 4U 10 67g 684 *7 23% 60's 15 14]2 1784 *17 12U 23 2112 50% 2U2 5112 118'2 *117.' 118l2 6OI4 60 11812 *117 81 82 94 94 Ill's ■"104 127 *123 1214 1178 3 43 89'4Sept 4 71 June 3634 Jan '.1158 12 115g 12 84 83 83i2 8312 83i2 96 92 ;■ 94 93l2 94 Ill's *105 Ill's 105% Ill's *105 128 *125 124 125% 117 123 *82 *93 U6i8 *11314 lie's *113l.t 116'8 116ig *113 215s 2134 2178 23 1 22 ig 23i4 22U 23 10io U 10l2 IU4 11% 1134 ll's 1134 103 103 *10112 103 ig 10234 10234 10234 10234 *91 92 92 92 92 917g 9078 91 I2 9*8 878 9 26 934 June Deo "25% Jan 15 May 15 May 23 Nov May 43 Nov 23 Nov 1% June 4% Jan 5% May 13% Apr 8 17% May 11% May 46'4 Deo 15 24 Dec 26 603g July Dec 10 38 Co-to——No par Petroleum Corp of Amer....5 Pfelffer Brewing Co...No par Phelps-Dodge Corp......--25 Jan 21 May 10 29% Apr 434 Dec 11 2734 Oct 1 7's Apr 4 778 Jan 23 23'8 Dec 10 36 Dec 26 Pet Milk 3578 Jan 2 47% July 14 6% May 25% June 37% May 10% 40% 91 70 June 11«4 Dec May 87% Deo 14% Nov 97% May z5'2 Apr 17 pref...50 Dec 18 -,69 No par 8'oMay 17 -3 72 Dec 22 105 i Mar 28 May 5'4 July 21 12% Jan 10 Dec 68 8978 Sept 17 110% Dec 3 14's Apr 87S Nov Feb Jan 47 Jan 470 65 130 7 . IBs 1434 1,000 2,900 3,600 200 65« 5,400 714 800 227g 500 10,200 1181 29,600 83 1,200 ♦91 94 900 *106 10934 """116 118 884 93s 8?8 9'4 *11314 1161s 225g 23'4 105s 1078 *101 104% 90 834 287g Apr 2 834 Jan 2 5% May 84 Jan 30 64*4 May 3% May 2 16 May 7% Nov 46% Deo 97g Nov 85% Deo Jan 8 Oct 6 154 May 154 May 174 Mar 5 181 Fob 1 167 June 178 958 *9 to 9 9 834 9 8'2 600 834| 334 Dec 9 54% 1st ser conv pr pf. 100 Pittsburgh & West Va— —100 Pit Youngs Asht Ry 7% pf.100 2412 Dec 24 51 Oct 16 6 Dec 10 164 Mar 31 Pittston Co (The)....-No par "isMay 15 July 15 7 164 Mar 31 151% July 184 July 25 to'.'' % Feb 17 15 July 28 May 12% 13% Jan 6 4034 Jan 61%Sept 2 9 53 Dec 10 June 14 120 July 24 June 112% May 8% Jan 1% Mar 22'4 Feb 20% Dec 1234 Jan to 8 July 1478 Jan 14'4 Jan 45% Nov 71*4 Apr 118% Jan -- 11% Dec 10 7534 Dec 18 92 Dec 24 103 ,...100 100 — 7% preferred.. 8% preferred—- Ma. 9 No par 6% preferred- 73% Deo 16% Apr 151% July 19 24 J..No par $5 preferred 4I®4 Nov 3 2U2 Dee 115 '••/; \ May May 8 75% Jan : 678 Dec 5 50 Procter & Gamble....-No par •* Deo Jan 6% May 434 Dot 6% May 6's May 21 May 50 Pub Serv Corp of N Jan 57 43'4 Jan 21 Jan 2 Pond Creek Pocahontas No par 8% Jan 10 334 Dec 9 Poor & Co class B No par 137g Oct 2 Pcstal Teleg Inc pref..No par to 434 Feb 14 to 13% Jan 6 5r>8 Dec 10 Pressed Steel Car Co Inc—.1 5% conv 1st pref— 5% conv 2d pref 11 16% May Jan 10 3 16% Nov 4% May to 5 May 6 9% Jan 10 65 13'8 Dec 10 16 June 5 to..5 Plymouth Oil Co.... 7% Jan Dec 10 4 45'4. Feb 14 13% Nov 107'2Nov 21 117 Dec 24 i: -to:' Dec 114 3 29% Jan 110 Mar 7 28% Dec May 100 43% Apr: 115% Jan 128 Apr 4 126 June 145 Mar 158% Feb 11 143 May 105 Apr 117% Oct 114% Oct 118 Jan 123% Jan 15 137 Jan 2 1107j May 29% July 22 1934 Dec 9 Feb 14 (The) — ...No par .'to 7 6% preferred to ........100 z94 83% 5% conv preferred 100 8'2 Purity Bakeries No par 9 Jan II 12 Feb 15 32% Jan 11% May 97% May 6'4 84 3 95% Aug 8 12% Oct 24 Dec 10 Oct June 1678 May Dec 16 107% Dec 73% May 9 June 89 May 15% Feb Quaker State Oil Ref Corp. .10 8'4 Apr 1234July 16 1 9% Sept Feb 15% 48% 2'8 45 45 *16 16% > 48% 48% 2% 27g 278 48 45 *23 25 *16% 9% 24% 11% *23% *20 21 20% 9&8 95g *24% 24% 11% 11.4 *1 1 »8 "toa *40 44% 40 *11% 13% *12 7 7 *9% 10% 8% 53% *35 *6% *9% 8% 55 8% 167s 16% 99 *97 66,200 3.00J 3's 8,700 95g 914 24 23 23% 23U 12 12% 12 12 12's 25 *24 25 24 24 100 4% 1st preferred 20% 20. *20% 20% 20U 2OI4 500 4% 2d preferred.. 1% to" 1 % 40 44% 13% *12 678 6% 10% 10% 85s 8% 1% lis 1'4 1,700 25 ' 1 *235g 20 '4 1% 40 *40 13% *12 7 *658 10 *9% 8% 8% '8 17% 91' 55 35% 93s *40 *12 ♦lOU 85s 838 2 *55'8 65s 12lo 812 57% 40 *35 200 Reliance Mfg Co..........10 4,200 '■••• 28,300 16'2 I6I4 99 97 97 97 9834 *97i2 99 80 80 *80 82 79 80 *77 80l2 600 5 5'g 5,000 69% *81 84 7% 4% 4% *66 7% 82 4% 658 115% *66'2 0% 68'2 714 *7958 81 4% 24 51 60 i>0 9'8 *75g 9>8 8I4 314 15% «1« 93s 8% 3 3 15ig 15'g 9% *44% 9i2 45's 3 1514 9'2 45<s 115to 69% 7% 2212 *738 115 O's 82 24l4 *60 5 4 '8 2218 4's 2314 *o0 9i2 45's 53 U <4 footnotes see 4 2218 *o0 87g 7% 80 4 2234 52 W 180 *115l2 117 *65 7 7958 4's 225g 10 67'2 7'4 4,500 90 7958 4I4 2414 2,600 58,500 50 50 310 ) : 9 9 2,700 i 9U Apr 30 i 7'2 Apr 21 Dec 22 s4 Apr 10 j 9% July 16 96 9 Aug 16 77 12% Jnn 22'4 Jan Dec 11 101% Feb 10 97 Jan 13 11 Jan 97 Apr 21 129 60 Apr 17 Dec 24 No par 1,70) 800 Rustless Iron & Steel Corp._.l 9% 1534 978 47'2 50 S2.50 conv 1 -I 8i4 Dec 10 42 preferred.No par Nov 18 - «n l4 100 tRutland RR 7% pref.—100 "4 Nov 25 83% 95 99% 172 30% 50 394 280 32% 53 % 25 % 4 4 to 1% 42 J 42 444 42 58% 94 M D 94 4 95 4 93% 99% K J§*K C Ft S & M Ry ref ♦Certificates of deposit Kan City Sou 1st gold 3s Ref & lmpt5s Kansas City Term 1st 4s. *84 g 39 32% 36 304 32 95% 49% 48% 59% 69 ' 60 % 64 4 64% G5M 108 H 108,%' 108 M 64% 75% 107% 110 18% ►111% J J *35 *72 80 83 95 J 1961 109% 110% 30% 40% 77% 83 50 J ......... J 1997 O 1954 J 1954 Koppers Co 1st mtge 3)^8....1961 Kresge Foundation 3% notes.. 1950 t*Krcuger & Toll 5s ctfs 1959 J 106 M M S 104 4 M S 100 M M S % {♦Laclede Gas Lt ref & ext 5s.1939 A O ....1942 A O C.....1953 F A Coll <fc ref 5Jij8 series D.....1960 F A Coll tr 6s series A.. 1942 F A Coll tr 6s series B 1942 F A K1 ngs Co Ligh tl ng 1 st 5s... ... 1st & ref 6^8... 92% 81% 83% 4J^s Unguaranteed...1961 Kings County El L & P 6s 18% M N Kentucky Central gold 48_._-.1987 Kentucky & Ind Term 4J^s...l961 Stamped..... 1961 Plain..... 88 36 % *52 1950 AO J Apr 1950 J 1960 J J UKarstadt (Rudolph) Inc— ♦Ctfs w w stmp (par $615)..1943 ♦Ctfs w w stmp (par $925)..1943 ♦Ctfs With warr (par $925). .1943 92 36 4 36 4s..1990 .4 O 4s. 1936 A U Kanawha & Mich 1st gu g Ref & ext mtge 5s Coll & ref 54» series *155 161 ► 107 86 170 > 107 105 103% 104% 100% 106% 108% 106% 108% 104% 107% 100% 105% % 4 100% 98% 94 96 % 97 77% 78% 92% 56 % 70% 68% 77 57% 68% 49 79 76 76 50 89% 82 96 ♦93% 97 "77 101 99% 89 89 Lake Erie & Western RR— 5s extended at ....1947 3% to Lake Sh & Mich Sou g 3^s registered Jan Feb 14 / 534 Jan 21 6 7 13 26 27 16 Nov 24 1434 Aug 22 4834 Jan 14 1 Aug 2 13% 10% 63% Feb Jan Dec May 69 2 Apr May 70% May 60 May 7% May 8% May 757s Mai 6% May 24% Nov 105*4 8ept 97% 14*4 117 Deo Jan Nov 74% 157g Dec 96% Apr Feb IUh Nov 30% Dee 44 May May 56 Oet 52 57s May 434 May 3% 11% 12% 45% % / 6 83% 95 83 91% 30% 25% 40 70% 02% 79% 68 00% 94% 94% 93 65 30 76% 98% 69% 83% 83% *77 83% 36 36 70% ~67~ ♦1st mtge Income reg_......1975 Dee J Lehigh CoaI& Navs f 4Hs A-.1954 J C.. 1954 Lehigh & New Eng RR 4s A--1965 Lehigh 4NY 1st gu g 4s 1945 Lehigh Valley Coal Co— Cons sink fund 4^s ser 5s stain i>ed 1st <fc ref 5s 8 67 A O M S 94 4 1964 F A 75 36% 68 68 37% *57 "go" 65 57 A 57 35 8 ■to- 1 69 73% 61 35% 67 32 61 33 66 39 41% "48 39 50% 44% 45% 8 43 53 24% 25% 210 16% 14% 31% 59 *57 1974 stamped F A J Tim 2003 M N 2003 24% Leb Val Harbor Term gu 5s... 1954 57% 57 19G4 1974 F 100 *66 A 1954 stamped.. 80 *98% 1944 1st & ref 8 f 5s 5s J 1954 F f 58 stamped 1st & ref s f 5s 3s J Lehigh Valley N Y A4s ext...1950 J Lehigh Valley RIl— 4s stamped modified 4s registered stamped modifieu.....2003 M N 33 *26 Leh Val Term Ry ext 5s......1951 A 0 1965 A O 1955 / J 5s gu Libby McNeil & Libby 4s Lex & East 1st 50-yr "30% 1952 Little Miami gen 4s ser A.....1962 A 1946 F 1950 A 48 *111 105 *114 122 99% O 28% 17% 30% 20 31 19% 48 49 4 117% 111 36% 33% 39 58% 120 103% 107% 114% 123 105 114% 122% 99% 122 131 95 103 to. ♦100 M N .1952 J ♦Long Dock Co 3Ms ext to.. Long Island unified 4s. to 29% 49% 105" Liggett & Myers Tobacco 7s...1944 A 0 5s debenture..............1951 F A Lion Oil Ref conv deb 4 lis 27% 27% 4,%s registered......... .2003 5s stamped modified. ......2003 UN 34% *102.12 A 102% 105 103 fl *102% 30% 93 /) O 103% S 107% 107% 95% 98% 91% 99% 92% 99% 114% 122% 121% 128 76% 88 106% 111 Lou & Jeff Bridge Co gu 4s.... 1945 M 8 107% 107% 107% 109% Guar ref .1949 M b .1949 M S gold 4s..... .1949 M .1951 F 5s debenture Louisiana & Ark 1st 5s ser A. .1969 J Louisville (las & Elec 34s. .. .1966 M 92 S O A J 121% "91% 92% 114% 121% 78 78 93 93 4 114% 121% 78% Louisville & Nashville RR— 1st & ref 5s series B 2003 A 1st & ref 4 4s series C 2003 A O 1st & ref 4s series D 2003 A O 99 O 95% 100% 101% 104 100% J J Paducah & Mem Div 4s..__ 1946 F A ..I960 105% 92% 101 93% 87% 83% 104 101 104 104 103% 106% 88% 84 1st & ref 3Ms series E. 2003 A Unit mtge 3>is ser A ext....1950 J 99 100% 104" 87% 96% 83% 91% 101% 105% 88% 84 S Mob& Montg l8tg4}$8.__ .1945 M S J South Ry Joint monon 4s... .1952 J 84% 83% 110% St Louis Div 2d gold 3s 1980 M 88.% 80 80 45% 42% 47% 74%' 45% 43% 28 47% 89 81% 87% 70 44 70 25 36% 88% 98% 98 86 98 85 67% 61% 85 A Maine Central RR 4s ser A.... 1945 J 16 88 108% 112 83% 90 108% 111 to 88% 88% Atl Knox & Cine Div 4s... .1955 UN .1944 F 109% D ^[♦Lower Aust Hydro El 6J4s. Jat. May May 1 834 Nov 95 65 83 M Lautaro Nitrate Co Ltd— Unif mtge 4s ser B ext 4'g *93% J J 3HS...1997 J 1) .....1997 J D Aug May Dec Oct Deo 9% Nov 7% Jan 12 Feb 22% Apr 15'S Nov 48% Nov M series A. ....i960 J D Feb 1 1957 MN Manila Elec RR & Lt s f 5s...1953 ivl s Gen mtge 4J^s Manati Sugar 4s s f 45% 43 Manila RR (South Lines) 4s... 1959 MN 15♦Man G B & N W 1st 3MS..1941 J J *27 *37 1947 Marion Steam Shovels f 6s Stamped.. ...P. ............. 97 *62% 64% McCrory Stores deb3M .1955 A O J McKesson & Robbins 3>is....l956 J Mead Corp 1st mtge 4Mb.-. — 1955 M *105% 103% 103% *106% S 110 Metrop Ed 1st 4)^8 series D.i_1968 M S Metrop Wat Sew & D 5>is....l950 U*Met W Side El (Chic) 4s... 1938 1% Fe 1715. "98" 82 53% __ {♦Market St Ry 7s ser A..Apr 1940 (Stamped mod) ext 5s...... 1945 For footnotes see page 1714. 8 1- 39 July 53% Jan 12% Aug 978 Jan 7'4 Feb 14 Apr 15 to 2'4 Dec 14'4May 50 to Jum 34% Jan •'! 6 Copper Mines. Ruberold Co (The) No par Roan Antelope May Sept 24 10% Jan 22 ig Dec 23 50 Oct 27 .......10 3 Aug 6 70 95 78'2 Dec 4 8 x37'4 Jum 8034Sept 24 15% July 28 6% Dec 10 Rltter Dental Mfg....No par 1558 6 9 4io Dec 058 May 7 10% Nov 19 67% Jan 23 61 Apr 7 to 2 July 30 1414 Dec 300 *453s 1«4 May 1 Jan 1,900 10 4578 27 23 May Mar 73., lr>l2 19'4 June 17 Jan 13 Apr Oct 13 3% *912 17% 55 7'4 4o's 297g May 37% May May Def 3 15's" 13% May 24 Jun< 3U 9>s Apr 6 8'4 45's! Dec 23 25 34 1 Reynolds (R J) Tob class B. 10 Richfield Oil Corp 43% Nov 28 5312 Dec 20 Republic Steel Corp...No par 6% conv preferred 100 6% conv prior prefser A.100 Revere Copper & Brass 5 7% preferred..—.....100 54% preferred... 100 Reynolds Metals Co...No par 54% conv preferred.... 100 Reynolds Spring.. ....I Common 9?8 May June Nov 18 *734 15'2 93« page 71.1 80 120 34 15% May 16 *3 *U For 115% 115l2 67lo 67% 5 Deo Aor 53 3 3 15 5's 3'4 2% Sept 17 O's Dec 10 734 2734 45'g 5 69 Apr 22 7 Rensselaer & Sara RR Co.. 100 Reo Motors v t c... 48% May 2% Nov 2734 Aug 12 Dec 22 i to -1 70 Apr 22 ig Mar 12 Preferred with warrants. .25 165g 16's Reinlngton-Rand. 1 7% 24 Dec 23 • Real Silk Hosiery 400 2,600 165s 20 50 Reliable Stores Corp...No par 334 16's lOU Dec 10 22i3 Dec 13 __..50 30 «338 .to"".- Rayonier Inc. .............1 $3 preferred 25 Reading Company........50 """966 40 1 6'2 1434 Dec 26 8'4 Dec 9 23 Dec 24 ' 5 Preferred, to...—-i—...100 Reis(Robt) & Co 1st pref.. 100 13% 10% 700 3,800 44l2 13% 6&S 55 55 *35 40 3,800 4% May 18% July 25 38io Mar 14 6% conv preferred......100 4 62% Jan 2 334 Jan 2 55% Oct 21% July 25 18% July 28 29% Aug 4 Dec 10 2 Rayl>eStos Manhattan.No par 24 9% -1 700 478 Jan 2% Dec 10 47f2 Dec 26 1st pref..No par 4,000 *97 *65% 7% conv 12% 35% 115 $3.50 Radio-Keith-Orpheum tot 24% 95g •i Radio Corp of Amer.-..No par 45'2 15's 934 23U 123g 5% lis 237g 258 48'2 79% 79% 5% 115 1434 15 1 16% 45*2 155s 16 34 .1 to, 45% 45 1558 34 ; 3 45 55 , 3 16% 55 1 48% 45 *53 40 48% 2t2 47i2 27g 45% ' 1 48% 27g 258 2 76% 8 304 36 ......... 2's 5 94 4 36 S Lorillard (P) Co deb 7a...... .1944 A R 2% 2% 21' 25s 48% 2% 91 A 3>^s...l961 4s stamped... 2% 18 20 51% 102% 105% 101% 105% 94 H J Jones & Laughlln Steel Loew's Inc s f deb 9% 15 32 4 32 4 James Frankl <fc Clear 1st 4s..1959 J ^♦Lombard Elec 7s series A. *9 42 104 M Oct Pullman Inc.......to-No par 4,200 May 15 6lo Dec Pure Oil 9'4 22 9 106 28,900 800 Feb 10 26,400 90 66 Aug 19 Pub Ser El & Gas pf $5.No par 300 May 163 '• 12 36 No par $5 conv preferred 5% pf (ser of Feb 1 *29) .100 515s 8 28 93 104 1% 18% Jan Feb July 15 22 Dec 11 104 214 19 % 8% Apr 67S 109'4 Oet 734 Jan 46% Jan 26 8 to 31 91 ./ M 190 Deo 41 s4 Pittsburgh Forglngs Co...—1 Pitts Ft Way & Chic Ry Co 100 7% preferred ;1,00 7% pref class B....- — -100 5% pref class A. 100 25% 784 49 66 Pittsburgh Steel Co ...No par 300 118 412 Dec Jan 27% May 23« May 23% Jan 11 9 Dec 10 27 Pitts Coke & Iron Corp.A'o par Pitts Screw & Bolt. ....No par 4,600 *81 'to ..100 6% preferred Dec 2De 3% May 30 52 - 10934 O: 100 Pittsburgh Coal of Pa - 7 July 29 46U Dec 10 3% July 29 Dec 18 13 Pillsbury Flour Mills.. 25 Pitts C C & St I. RR Co.. .100 10 934 1134 - Aug 77 z3S78 Feb 14 100 1,900 4% *117 -to.—-5 Preferred. "7",100 1784 50i2 Phoenix Hosiery —to- - 9 2 23 3534 Feb 20 2 O it 22 4% 4 6'2 7'4 227g 51 >4 May 4" 50 *17 to *9's 4'4 May 100 — Phillips Petroleum.—No par 1947 ... A Feb 6 17 §6 preferred 4 46% 16% 1% May 11'4 May lli2May 21 Philadelphia Co 6% Jan 96% May 4% Jan 30 (1 July 11 41 ■■ *113 87g 2 i2 Dec 195s Dec 10 5 Dec 10 1st lien & ref 6 4s.. F t^iown Cent Ry 1st & ref 4s..1951 62% 1% M 112i2Mar 1 25U Apr 4 25 Aug 22 54 Sept 18 2's Aug 1 104M 75 1% 104 20 % 103 H 104 4 1972 AfN Feb 2% Mar 10% May 5% June <. 3»4 Aug 20 ,173s Dec 9 20 Dec 26 103M ..1955 M S 18 Dec 6% preferred to ......—100 B 12 54to Sept Ry Co.. 100 ........-I Pere Marquette Ry Co 100 5% prior preferred- . --.100 7% preferred. 2 *67g 414 1014 67g 7&S 25 418 *934 67g 9 Phillips Janes Corp..--No par 6% 70 44% 2 31' *3 *29 812 *5 4358 7% *1434 *17+1784 4 3's Jnn 2 5234 July 16 17'4 Aug 20 "20% J 101% 44% Apr 23% Nov Jan 14'o Dec Dec 26 O Int Telep & Teleg deb g 4 ^s.. 1952 J Debentures 5s............. 1955 F 29% Dec 13% May 34 May 6 1956 J 98 97% 103 114 H Internat Hydro El deb 6s.... ..1944 A Internat Paper 5s ser A & B....1947 J Ref s f 6s series A 21 m 10 • Int Rvs Cent Amer 1st 5s B 6 100M 10 10 H 10% ser A ♦1st 5s series B ♦1st g 5s series C_... 78 . 2% Nov '4 Dec 10 Pepsi-Cola ■ Co Phllco Corp. 13g 15 13g 1 ♦Adjustment Deo 1% May 7 6% Apr 21 1 Philip Morris & Co Ltd 10 Preferred 4 % % series... 100 *6% *7 20'8 Jan Nov .1952 6s ser A...July 1952 .1956 t ♦Int-Grt Nor 1st 6s 11% May ; J Peoria & Eastern 1,900 *64 118 5 67 4'8 57 Jan 3058 Jan 10 34l2 Apr 23 IU4 Dec 24 109 July 30 -.100 —.50 3,600 1312 13U 30 47g 484 51 2684 434 . Peoples Drug Stores Inc.. — .5 Peoples G L & C C (Chic). 100 73% 23g *100 3% 29 8«4 *47% 2684 2 Cement...jVo par z72% 49 *40 118 3% 67% 4 412 52 8 43to Mar 87 conv pref ser A ...No pur Penn G1 Sand Corp No pur 9% 6 *2 238 *100 174 Us 4% *49 Dec 99 May 6% May 4 73 Dec 12 l's Dec 19 , 10 180 100 15 18 Jan 45% Apr 105% Deo 1078 Deo 4% May • \ 800 •103% 108 Oct 30 9 ...No par Penney (J C) Co No par Penn Coal & Coke Corp.... 10 5% preferred... Pennsylvania RR Dec June 1 Sept 64 14 58 Apr Penick & Ford Penn-Dlxie 99 10 26%June 4 3 3 11558 Dec 27 ,24% Dec 9 14% Dec 18 Co..-.2.50 Patino Mines & Enter prises. Jan 10 Jan 11 1 36 " » Parker Rust Proof Parmelee Trans port' n ..No par May 634 Jan %May '1484 69% 45lf| 41 44 133s 45s 8% 10 Park & Tllford Inc ---1 Park Utah Consol Mines...-1 Parke Davis <fc Co No par 12 Jan 21 7% Jan 87g Nov 4% Mar 25% Apr 105" ' 1947 31 66% 100M 100 48 15% 28% 106% 108% 102% 107% *108%} 105 51 33% 20 % Inspiration Cons Copper 4s.... 1952 A O 16's Dec 95% Feb 14 36 Christmas Deo 37U 1 Feb to) O's May 69% 70 *64 45M *2 29% •to.. 814 75 *51' 70 4334 3lo 4%, 6% 1st preferred 6% 2d preferred 9% 9 434 *4i2 4458 118 29 900 22,100 . Closed- *10334 10734 Mar 160 106 May 31 10 2858 9 139 June UgJuiy 29 9 19% Dec Exchange 71 *73 73 108 4,700 5% 29% 5 37i2 *69i4 9 *64 45 1334 3U 3Gi2 80 5% 5% May 144 Day 2 2 Stock 55g 5% 293s 200 27 *25% 27 2878 9 4578 174 *— 41 o7 72 534 *4381 13ig 29U 434 41% 20% *2534 5>2 5% *10334 70 45% 3% 8 >4 27 *08% 1,000 41% 5% 71 87s 12,300 20% 42 20 5% *434 197g 5% 200 5 5 ■" 1,000 41 193^ 1 1978 1034 5'4 5% 200 43'2 44% *lo 20 20% *100 118 *100 43% % % 1978 44 *5 13ig 20 18's 20 *64 13% 46,700 300 ♦1083.J 175g 8% 437g to 20 70 23g *2 12 18% 29 is •i *1U2 20% *5 45s4 437g 11% 177s 37 70 600 *:08% 29 6%' *5 45's 2,200 20'4 44% 110 *64 l's 39'4 18% 7534! 72 75% | 10734 10734 75 *107 1 *36 203.i *2534 69% 8?8 6914 *158 100 18 26 558 5% 2934 I 5,100 *20 5 283g 53s 29% 77'2 2 18% 26 512 5&81 5i2 5% 29>8 53 2034 4314 2012 27 *2534 1338 76'2 l's IU4 5 44 2012 12'2 4334 *34 19'8 1 44 38% 12 18's 20% fii« 5's 38% *109 13 38 l's 12% 109 2,400 5,100 1,000 ®32 53^ 17g *15g 397g *20 44 *34 197g l's 38 100 187g 21% 44 15g H« 397g '«. JT* *20 1®8 *1112 14'2 *1U4 *I0834 1S&8 7514 l's l's 40 9,200 1,000 15lo 9S2 32 13% 53% 76% 53 757g 9 13% 2 *15g l's 15'2 4,800 2478 .253s 15% 53 52% 753s 7534 25% 9!6 13% arl278 75 2 l's ♦38's 14 2434 *15% % •" 916 53 13i2 *5212 ' 1% 15% 15 >8 93» 32 52 *51 . 9 51« 1 25's 24% 15 147g 15i2 1334 25l8 25 25's 32 l's 20 *17 1 1 1 1 1 l's l's 24'4 ♦145s 17's *17 20 Inc. Paramount Pictures 99 100 1 100 4% conv preferred 14's 107'2 10734 107 115 Feb 15 lo J ....1950 J 4 4 105 14 Jan 27 Aug 15 10 J&l 7'2 60 36 "67 M *!79i ./ gu 4s.. ..1956 J Ind Union Ry 3^sserlesB....1986 M S Inland Steel 1st mt,ge 3s ser F..1961 A O 1914 Dec Corp.5 Ref-to—l *63" t*Ind& Louisville 1st Oct 65 8% Ind 111<fc Iowa 1stg4s 2% May Panhandle Prod & 73 Jan 5% Pan-Amer Petrol & Transp. 208 35% Jan 27g June Pan American Airways 39 H 33 H Apr 1 200 367/f 34 16% 6 75 56 37 A 50 3g Dec High 55 M D F 345g .l's Jan 8,000 05 to 75 D ......1963 Joint 1st ref 5s series A .1st & ref 4 Hsseries C.......1963 H*Ilseder Steel Corp6s.......1948 May 934 Aug 4,500 Feb Mav 126 No. Low Ill Cent and Chic St L & N O— 8 45g Jan 10 ■■ Jan 33 . l's Dec 26 59 Jan. 1 Apr Interlake Iron conv deb 4s j *50 Since £3 75 *45 8 163 _ i«4 Dec 18 *3 . 8 134 Dec 26 10 Apr 21 Pacific Western Oil 75 . Range ■ High Low (Cont.) J 3^s... 1951 4s. 1951 F A 1951 Jan i 5'2 Feb 18 21 >2 2U4 *95 12's 12's 12's *16 20 *16 147% Apr 6% nreferred- ———-100 Rights..to-—..—■to Price .»■ 19'4 Aug 40 Corp—10 ' 20 *16 2878 Jan 24 • 14 107 ,17% D6c 18 Pacific Tin Consol'd Corp—1 1 105 1358 Jan Apr Packard MotorCar....No par 9 1 21% 21% *95 107 *8 14 May 8,300 1,800 .13% 8% 13% *106 123g 12U 14 12% 934 May 25% May • 434 June May 47,600 15g 534 178 1 105 1358 106 106 134 8I4 21 2058 *97 1378 534 1'8 Us 2034 135s 13s May 3-% May 1114 Jan 28 to 2 26% Dec 18 No par Feb 19 No par %11 95 Dec 26 100 Pacific Telep & Teleg 180 llo 8 15% Nov 21 > — 4,850 . 2 8% *1 105 *97 96 149 6 1% 5% 17g 133g *8 520 95 *140 97% '61 1% 13% 8% 2O84 105 97 2514N0V' 8 6% Dec 15 12'gSept 15 734 Nov 7 10 ..No par No par (Cal).lO Pacific Gas & Electric. .-25 14 148% 149 3 4M Apr 17 ;; —-to---.---1° 1st preferred 2d preferred Pacific Finance Corp 18 614 2 14% 178 1458 *8 1 64 Pacific Coast Co 2612 7 '61 n2 6% 14l4 *97 137s 98 148% 149% *1483; 156 '«< 178 1434 *1412 98 9734 *148 600 14 26% xl3'4 67g 67g 50 110 18% 18's 27% 18% 26% 1378 97 78 187S 27% 1458 *93., 10% 6»4 2334 9 134 Apr 23 7<4 Apr Pacific Amer Fisheries Inc...5 27 *6% 678 18 500 5 18 10% *4l4 18 lllg 700 8l2 *1534 18 27's 678 *71, 8% 4% 2:814 4U 4% 4'4 *15% *9% 18% *15 10 9% 9i2 4% 4's 4'2 4% 10 10 Friday's Bid' £ Asked g 4s registered 10 Range or Sale Illinois Ce itral RR (Concluded)— Western Lines 1st g 10 Week's Last ^ \ at . Highest Railroad & Indus. Cos. $ A" •> N. Y. STOCK EXCHANGE to.,:..,Week Ended Dec. 26 Highest $ per share Par Shares S per share 100-Stars Lots Lowest Week 26 Dec. Dec. 25 24 NEW YORK STOCK the Friday Thursday $ per share $ per share $ per share $ per share Wednesday Tuesday Monday Saturday STOCKS BONDS Range for Previous \ ,• Year 1940 Range Since Jan. I—- - Sales HIGH SALE PRICES LOW AND A O F A 60 60 < 3% 64% 105 104% 109 110% 60 3% 79% 105% 102% 105 105% 107% 109% 112% 54 3 80 6% t r Volume 154 Number 4026 THE COMMERCIAL & FINANCIAL CHRONICLE NEW YORK BOND RECORD Friday s* §.S BONDS N. Y. STOCK EXCHANGE Ranoe Sale 1st gold Sag 3%s Bid 3%s Michigan Consol Gas 4s ♦{Con ext 4Hs t*Mll Spar & N W 09% A X J*M StP ASS M 1st gu 4s. .1947 {♦1st ecr A cons 5s 29 is 10254 107 % 28)4 62 10554 40 59 J4 10% 36 15 % 16 15 ..... 36 6 1 % 1% 9)4 154 3 54 154 2 9 "oil J 2% "60" t*Mo-Ill RR 1st 5s series A...1959 J Mo Kan A Tex 1st gold 4s 1990 J 9)4 6 754 754 1354 13)4 9)4 63 8 54 135-4 254 17 154 77 54 5)4 2 09)4 92 54 24)4 4054 2)4)4 219 6 % 60 J D 9)4 9)4 8)4 J. ....1949 1/ 8 ♦1st A ref 5%s series B.....1978 J J 60 % 53 2 *92 97)4 27 28)4 "27)4 ♦Cum adjust 5sser A...Jan 1907 JMIssourl Pacific RR Co— ♦1st & ref 5s series A 220 J 22 2254 145 1254 17% 1754 1854 68 11 19 1854 19)4 70 1154 6)4 7)4 90 1954 2054 136 of 6% 20)4 20 I .1978 M N ♦Certificates of deposit ♦Conv gold 5Hs.. 1949 ~U N ♦1st A ref g 6s series H.....1980 .4 O ♦Certificates of deposit 5 1981 F A 1954 20)4 20)4 20 % 19)4 *1954 80)4 5 14 377 2054 *3412 1534 *25 95 I914 19)4 28)4 54 *1 29)4 14 1)4 20)4 16 2054 20 19)4 11 *104 57 109)4 5 111)4 27 104)4 20 105)4 108% 111% 110% 113% 102% 107% J Gen A ref s f 5s series A 1955 O Gen A ref s f 5s series B 1955 s f 4%s series C.. 1955 75 75 1 62% 55 O Gen A ref Gen A ref f 5s scries D 1955 55 3 39 2000 1) *45 o Morris A Essex lstgu3%s Constr M 5s series A s 1955 UN 85 Const r M 4 %s series B.—.. 1955 UN Mountain States TAT 3%b.. 1968 J D Mutual Fuel Gas 1st gu 5s 1947 UN — 65 38% 33 3454 161 33 32)4 34)4 78 30)4 10854 74 29 10854 *110 5 114 1% *100 8 ; 17% 10*8 10% 15% 30% *3334 1 1 2*? National Steel 1st mtge3s Natl Supply 3%s_ 1954 J — {♦Naugatuck RR 1st ,Newark Consol Gas ♦Consol g 4s cone J4New England RR 103)4 1J J guar 4s.". 1945 J J 64 54 104)4 102)4 103)4 4 v 44 2% Tel A Tel 5s A 1st gs 4 %sseries B 1952 * - N J Junction RR guar 1st 4s...1986 F N J Pow A Light 1st 4 Hs 1960 New Orl Great Nor 5s A N O A N E 1st ref A 119)4 1961 .UN — *124)4 A 62% 3014 35 58 >2 3% 3% 37 3714 —— "~2 62)4 21 119)4 124*4 1 50 , 34 33 104)4 *65)4 New Orleans Term 1st gu 4s...1953 O A 114 — A'o ♦Certificates of deposit-,-.. ♦1st 5s series ...1956 FA ♦Certificates of deposit•1st 4Mb series D.. 1956 FA ♦Certificates of deposit..... *lst 5%s series A 1954 AO ♦Certificates of deposit..... 632 10*8 10*8 10% 10% 11*4 21% 21 30*4 20% 21% 30% 21*2 30*4 30 3 42 42% 4n2 42*8 41 3712 36 ls 32 3714 3754 32)4 38 70 32 *30 55 55'2 4% 334 4*2 334 3 65 82 9 77 10154 4 11 68 32)4 3 38 37 34% ,48 32% 46% 35% 46% 14 32 "l4 *3854" 34. 37 *3% 32 5 - 10-year 394s sec s 1998 F A 46)4 O 92)4 41)4 46)4 46)4 --V.2013 ...... A O 2013 A O Cony secured 3,14s. ...,..—1952 .UN N Y Cent A Hud River 394s... 1997 3 94s registered ♦100 74)4 1997 30-yr deb 4s 1912 28 46 394s 92)4 42 4554 45 74 361 44% 262 47 4654 55 50 50 4754 46)4 45 44 ,, 3% 28 378 4*2 378 60 884 44 v. 73% : 1% *11% 17% *3% 23% 18% 4% - 10 10,500 18% 10% 10% 4,900 29,100 10,800 15% 31% 4,900 36% 7.6(16 2,100 2% 2734 ""800 18% 29 II,900 36 500 593.! 200 3% 34% 36% 36% 8,600 1,320 37 3,800 ♦108 115 ♦47% 3% *104 10 49 4 100 54,800 109 *,13 % 934 100 9,500 *16 1 10,000 1.600 10 11% 11% 5,200 20 20% 32,600 29% 30 28,000 42 42% 3534 48,000 35% *30 2,100 33 200 52% 5234 3,500 4% 434 7,300 334 4% 334 4% 3*8 5934 3% 4% 2,200 18,500 4% 334 3% 60 59 124 *124 3% 3®4 13% 1% 11*8 17% 12% 1% 15,000 69«; 1,300 180 126% 4 6,500 12% 1% 11% 4,400 7,000 11% 17% : 17% 1,400 1,200 3% 534 23% 18% 4% 3% 2,200 23 1734 4 23% 18% 4% 4,700 2,400 4,900 50 42% 6 : 5% 5% 7 5% 2 65 . .' • 2 *8% 834 4134 40 Ref 4 1974 A 94s series C.... O 1978 M S - 1st intge 394s extended to—.1947 A 71 5954 61 246 98 1 90 1 79 94 94» A...1965 A NY'Deck lstgold4s...._ 1951 F O N Y Connecting Rlt 3 Conv 5% notes N Y A 100 58 1947 A O Edison3%sser D... .1965 A O 1st lien a ref 3948ser E.... .1966 A O 107 {♦N Y a Greenwood Lake 5s. N Y A Harlem gold 3 94s.... D .1973 M N 12 , . 54 3 107% 108 6 50 5354 110 112% 5354 2% *32 3% • 92 *9954 Jan 6 67 Jan 27 105 Greyhound Lines..5 13 So Porto Rico Sugar...No par 8% preferred 100 £13 June 6 120 Aug 1 5% preferred 1 2 No par 60 Spencer Kellogg A Sons No Sperry Corp (The) vtc 5% conv No par Standard Brands $4.50 preferred No par Standard Gas & El Co.No par $4 preferred No par S6 cum $7 cum prior pref.. .No par prior pref. ..No par Standard Oil of Ohio 33 4*4 May Corp 10% O t 2()34 May 29% Jum 48% Aug 2 40 Apr 16 66 9% Dec 10 16% Nov 29 Dec 9 1934May 5 16% Deo 12 3*8 Dec 9 1 Jum 1 May 2% May 9% M j 12% M Dec 10 1 3 Swift International Ltd...... 98 v 6 34% July 29 46% Dec 4 5 12% Dec 23 1% Dec 9 26 May 25% Nov Feb 14 117%June 2 3*8 Dec 10 100 Sutherland Paper Co .10 Swedts Co of Amer (The)..50 Dec 5 2234Mar 21 4 :' l 46 May 26% May 4% Mar 20 21% Mar 21 4 23 June 11 66 8*4 Jan 10 6% Nov 5 3%May 5 4% Dec 22 3% Dec 10 50 Apr 14 Class A pref (4)$% cum) 100 Sunshine Mining Co 100 Superheater Co (The).-No par May 112 0% Jan 8 1131s July 16 1% Jan 6 4% Dec 24 1 49 Jan Aug Aug 19 48% Dec 22 52 No par Swift & Co Jan 29 No par Superior OH Corp Superior Steel Corp.. 6% 57% 401.1 1173.1 June 19 1 Stone A Webster Studebaker Corp (The) Symlugtou-Gould 46% May 6 9 1 9 5 Sun Oil Co 1% May 3*4 June 60% Ov» 14% May 33 May Dec 23 Apr 25 5 34% Feb 19 Starrett Co (The) L S..No par Sterling Products Inc 10 May 60 Dec 26 17% Mar 25% Mar 25 Stewart-Warner Corp Stokely Bros A Co Inc 6% July July July 3934 July 38% July % Nov 17 % Dec 26 814 Dec 18 10% Dec 17 Standard Oil cf Calif. .No par Staudard Oil of Indiana 25 Standard Oil of New Jersey.25 3 28 31 21 22 28 Dec 108 8 9 Jail 22 48% Dec 22 334 Dec 10 No par 0% May 13% May 17% No\ 69 111 par Aug May 23% May 5 31 % Feb 19 Dec 20 100 May 10 128 Dec 13 34% Dec 26 1 preferred Squibb (E R) A Sons..No 2 Aug 2 Conv $4.50 pref Square D Co 10 8 Mar 31 3/% Oct Dec 10 3 1 No par No par 1% July 36%Nov 24 5 Mar 17% 2734 27% 54% par Spiegel Inc 2 May Dec 7% May 27% Jan 3 13%8ept 17 1434 Aug 1 19% July 31 19% Feb 14 23% Mar 13 1 14 19% Aug 15 11% Feb 15 No par Splcer Mfg Co... $3 conv pref A Jan May 23% Dec Deo 24 8 May 5 150 10% Dec 18 100 Sparks Wlthington Spear A Co $5.50 p-eferred Feb 19 £10 May 10% May 18% Nov 28 10*4 July 22 2*8 July 25 8 ' Southern Natural Gas Co.7.50 Southern Pacific Co...No par Southern Ry.. ...No par 1% May 17% May 12% Juni 25*8 July 31 15 Sept 18 13% Feb 28 25 Jan 10 Jan 20 Nov 18 Oct 30 112 -1% Dec 10 - May 7% Jum 3% May 12% May 114 5 ; 734 Dec 24 . 34 4 Feb Jan May 40% Aug 434 May Feb 15 9 par 8% May 61% Aug 3 5 Jan 2l3g 2% 3034 35% 14% Feb 19 "3% COO " 210 I,300 300 3034 ; 0 8«4 »%« *61*4 12554 42% 4% 2,300 Thatcher Mfg Co $3.60 conv pref No par 5 Dec 9 No par 32 June 4 The^'Fair..1.... No par 2 100 38 10 30 *31% 5*8 26% 26% 6% 11 *19 5 101 *%« *6184 11 *11 7 % 78,1 11% '7% -7% *7 10% 11 10% 4 9% 8*4 84 63% 6% 7 19% 19 19 % 16% % 16% 5 5 ■ *96% 31 30*8 4134 < ' 40% 621. 6* 5% Oil 11 11% 7% 7 *17% 18 5% 35% 100 2% 1,400 43% •'%• 4 30 4 Jan ; ; 9 21 Dec 6 May 5*4 May 40'% Aug 4 Jan May May 4% May 8% July 23 8*g Jan 7 66% Dec 4 126 July 10 7% Maw 12% May 1% Oct 9% May Jan 10 2% July 11 18% July 31 23% Jan 2 5% Aug 4 25 Aug 8 24% Sept 19 7% July 10 20 May 3 May *17% May 10% Au« 484 May 1,600 16% 5% 5% Dec 12 May 21 3% Dec 10 Thermoid Co.. 110 Third Avenue Ry .100 1% Dec Thompson (J R) ..25 3%Junc30 6 26% 1,600 Thompson Prods Inc.-No 932 2,300 Tbompson-Starrett Co.No par 734 1034 2484 Nov 13 I4 Dec 23 7 Dec 22 34 14,000 1,400 97 400 30% 41 4% 4,200 5,400 II,500 62 6l,i 52^500 61% 62 460 8% 4,600 $3 dlv $3.50 ccnv cum preferred preferred.No par par Tide Water Associated Oil..10 $4.50 conv pref No par Tijpken Detroit. Axle..-.-.10 Titaken Roller Bearing.No par Transamerica Corp.... 2 Jan 17 9 Jan 4% May 33 6% 6 6 Jan 9 27% Feb 19 3784 Dec 9 4 Transcont'l A West Air Inc..5 Dec 1 7 30 9 2 Jan 3 Jan 11% 7% 300 9,600 20th Cen Fox Film CorpNo par 500 34 % 900 $1.50preferred......No par Twin City Rapid Trail.No par 16% 250 7% preferred---------.100 5% 6% 2,800 Twin Coach Co —1 4 Feb 19 9% Jan 30 5 May 23 16%May 20 34 Dec 10 • 16 1 May 8 May 834 May 81 May 18 May 35% May <4% May 10% May 4% May 1% May 64 Auy 3% May 6% May 5 May 14 4 May 9 134 July 31 27%Sept 9 9% Jan 13 l%May 13% May 6% May 21%June 9% Me* 69% Jum Feb 13 4% Dec Dec Jan 2534 May 7% Sept 17 11% Aug 9 9*8 Sept 17 24 Fel 4 9 *9% 634 *8 Dec Truax-Traer Corp No par Truscon Steel Co...———10 May Jum 2*4 9 75 1,500 Dec Jum 20 9 61% Dec 26 6% De. 2% Jum 11% Dec 17 99% Dec 2 35% Sept 6 51% Jan 2 5% Jan 13 17% Jan 2 10% Aug 21 8% Dec 23 6% Mar 25 May 36 ■P1% Jan 18 18 Oct 3*4 July ' 9% Mar 95% Aug May 2% May 20% May 6 Trl-Contlnentrtl Corp....... 1 $6 preferred.. No par 6% 19 4% May 28% May 2% Dec Jan 10 Transue A Williams St'l No par 884 16% 5% 5*4 Dec 10 700 11 19 9 30% Dec 10 5% Mar 4 3*4 Feb 18 100 Preferred. _—l.-. Dec 600 *8 *6 2 5*8 8% *784 18 16 34% Feb 19 1*4 8*4 7% Texas Co (The) 25 Texas Gulf Produc'g Co No par Texas Gulf Sulphur...No par 5%Nov 19 38% Aug 22 334 Jan 16 9% Sept 2 46 % Dec 6 4%May 12 38% Sept 12 734 July 28 6*8 Aug 9 14 July 22 10% Jan 23 44% Sept 25 43s Sept 8 60% Sept 6 5% July 30 40 Aug 20 4% Jan 6 30% ul« f ■ 40% *4 % 4% 4 11 6% 19 78 16 4 8% *11 96% 30*4 4 *7% r*8" 6184 932 97 30% 40*4 ■ 4 8% *734 *8 C134 % 98 6 11% 7% 16% *7. 16% 8*8 *784 % *7% 10% *96% 30% 40% 4 «4 63% 6% '16 26% % 26 V- 9 Texas A Pacific Ry Go 30^8 43 4 Dec Texas Pacific Coal A Oil... 10 Texas Pacific Land Trust 1 784 ll's 90% 90% 30% 41% 6 1,800 5% 25% 96% 5 9,000 32 1*8 25% 13aa Dec 19 1% Dec 26 4,400 2% 25*2 7 27 5 5 *41% *334 30% 134 i*8 11*4 3*8May 10 50 5% 2% 5*8 % 9 parw^ pref 7% 534 43% : 4 1% 1134 5)$% 6»4 5 6<4 5% 35 2 i; 5% 26 Talcott Inc (James). Telautograph Corp Tennessee Corp..... 4% 47g ♦41% *334 *30% 1*8 *5*8 3% 31 31 3% 32 5% 5. 2% 6% 7 5354 95 8,400 *31% 36 2% 41 32 1% 8% 39% 41% - 43% 3% 2 *8 2654 69)4 100)4 105)4 48)4 57 53)4 5954 "50" Oct 10 112 Socony Vacuum Oil Co Inc. 15 South Am Gold A Platinum. 1 8% June >: Jan 30 5 Nov 12 4,500 5'. 6% 4 111)4 11854 67 9 18% Feb 19 Smith A Cor Type vtc.No par Snider Packing Corp...No Southern Calif Edison 7 Dec Oct May 1% Sept 61% May 0% Sept 19 Dec 22 1 Sloss Sheffield Steel A Iron.100 $6 preferred No par Smith (A O) Corp .10 S'eastem 5% Nov 59 % May % 11 16*4 Dec 16 Dec 22 15 34 May 107% Jum 101% June 17 40 2 34 May May 7% May 64% Julj 22 10% Jan 21 Petroleum......... 10 Simonds Saw A Steel.-No par 34 7 2 21 Dec 20 12 Dec 90 31 28 34% Dec 15 Simms Skclly Oil Co 84 July July 3% July 7834 Jan 10% Jan 1434 July 7134 Jan 3% Apr 23 Silver King Coalition Mines.5 Simmons Co .....No par Jan 3 3 17 51% Feb 27 4 Oct 2 July 15 .% Jan ' Sheaffer (W A) Pen Co-No par Shell Union Oil 15 25,800 y 684 5% *is8 30*4 41% 78 122 64)4 *103)4 48)4 No par $3.50 conv pref ser A.No par Shattuck (Frank G) ...No par 2% 6% *31 96% 10654 H0)4 107)4 11054 31 Sharpe A Dohmo 3034 ' 6% 1% e 107 Corp.....No LVc % June 19 112 48% Deo 19 1 ..... Sharon Steel 40% 5% 5% 35% 2% 534 *%B 66)4 60 . 9 par Servel Inc Junr 'u Sept 18 17%Sept 6 94% Sept 11 39% Sept 26 115% Mar 27 Dec 19 $5 conv preferred...No par 100 Seaboard Oil Co of Del.No par .6 Sears Roebuck A Co...No par Seagrave Corp 20 23 % Jan 9 % Dec 11 12% Dec 24 1*8 Apr 29 50% Deo 18 4% Dec 22 7% Dec.10 2% 4% 6*8 32 11 '2 "T *111% .2000 M N - .... 75% 113 . 30% 5 *41 *734 98)4 102)4 *117 A .1973 M N 494sseries B... ♦N Y L E a W Dk a Impt 5s. .1943 J J 100% 58 , 108 .1946 .UN N Y Lack A West 4s ser A . 58 *65 NY & Erie—See Erie RR N Y Gas El Lt H a Pow g 5s.. .1948 J Purchase money gold 4s .1949 F < 107 par No par -2% 6 5% 6*4 1 6% *31% ♦25% 97)4 98 D —. - 109%June fSeaboard Air Line 4-2% preferred.... 5% 1% 65 9954 94 O .1950 J 6s debentures 66)4 54)4 32 Safeway Stores..... 35 No rar Apr 1!9 5% preferred ^.....100 £100% Dec 11 Savage Arms Corp-..-...5 12%June 3 Schenley Distillers Corp 6 8% Apr 15 79 June 23 5H% preferred... 100 Scott Paper Co.......No par 31»4 Dec 10 3034 2 . 6 5% 7654 70% 59% 72% July 17 30% 2 30% 5% *3*8 *28 *1% 42% 2 3% 29 *27 30% 32 *31 898 .41% *3*8 v 30*8 5% 3 43% 3% 3% 3% 27 1% 8% 1*8 ' ' 30% 534 *2% 64% I84 ' 32 *40% 68 3S4 43% 1«8 New York Chicago A St Louis— Ref 594s series A .100 Mobile A Ohio stktr ctfs 100 ~ 484 4 4% 3,200 22 *581.i 3% 54 334 12% 1% 11% 17% *31.1: 23% 18% 18% 900 *35 33 124 3% 13 1% 11% 17% 434 23% 2/ 43% 2% 30% *6% 5% 70 44 1 4 3 60 124 334 1234 8*4 6 83 46% 34 124 28 *8% 2% 87% 54% 5 ■ ; 9,300 75 18% Closed— 35 4U 93,500 2 Exchange 12 52% 8 1% 1534 1% *32 *30 3,000 1 20% 30 - 30% 4i % .42% 4*4 334 • 384 28 8*4 30% 99«« 101% ""l9 ♦3334 Stock 1'8 54% 4% 3% " 60 1% ' 69% 67% 70 17 48)4 44 1998 1998 96% 63% 41 685 74)4 77; 54)4 09% 89% 29 15% 10 35 16 1361 10 36 11*2 33 53% 4% 3% 4*8 42% 110 45% 145 .47)4 93 *99lsi» 100 394s...1998 3 94s registered.......—. 1998 394s registered 107. 111)4 4554 41 *70 1942 Lake Shore coll gold Mich Cent coll gold 60 *30 55*4 *8% 1946 .4 f— Ref A impt 4 94s series A Ref A im pt 5s series C 32 4% 3*8 ■ 60 800 31 20 '41% 341.1 35% ... ""760 10 115 10 : 120 10% 1734 Day 1 1% 300 20% 21% Christmas *32 *n % 1 9% 6,800 100 *135 • 4 39*4 July 16 % Feb 8 % Apr 15 6 May 6 8 Apr 29 47 Sept 18 44 33% <47% 55 j 5414 434 334 *1% J ' 8,600 10,500 2% 12% 1% . 1% July 17 XN Y New Hav a Hart RR— •Non conv deb 4s....;... .1947 At S ♦Non-conv deb 3 94s .1947 M S ♦Non -conv deb 3 94s. ...... .1954 A O ♦Non-conv deb 4s .1955 J .1948 J .1940 A O ♦Debenture 4s .1957 UN "23)4 21% 22)4 24% 23)4 25 22 19 47 30 9 22 22 25)4 23)4 ♦1st A ref 494s ........ 29)4 2754 30 ........ ser of 1927.. .1967 J J*Harlem R A Pt Ch .1992 M S ♦General 4s.. .1955 J J*N Y Prov A Boston 4s.... con gu 4s . . .1942 A 3 18 .1993 A Q 3 24)4 354 26)4 81 pag$ 1715. 3354 30)4 3354 2)4 31)4 77)4 22 51)4 20 12 253 86 7)4 354' 4 1)4 "38)4 *107 105 "39" 10954 105 3)4 102 21 754 1 3 99 38)4 28 29 28% 29% 28% 281.4 734 n 784 734 8 7*8 7% 08 6884 69*2 68% 701 68*8 08*4 *113 11534 *1123,i 11534 *113 115«4 *113 11484 109 10834 108*4 108 108*2 *105 10914 10734 13 13 13 13% 13% 13% 13% 13% 60 60 *8 60 "s 00 0038 59% 60% 00% 74*8 74*2 73% 74»8 *74% 76 74*2 74% 10 10 *0l2 9% 9% *0i2 9% 9% 25 25 2434 24% 25*4 25% 25% 25% 34 lg 34*8 34*2 •'33% 34*8 3414 34% 34% 287s 7*4 6812 ) 1 354 28 2054 3 36S "46)4 "4954 "39 79)4 2554 O . .. For footnotes see "48)4 D N Y Queens El Lt A Pow 3 %s. .1905 UN N Y Rys prior lien 6s stamp .1958 J J 2954 2954 22 1st 4s. .1954 UN Y Out A West ref g 4s NYA Putnam 1st D 28)4 28)4 18)4 1854 38 24 25 U 2954 1754 1754 4 <J { ♦Collateral trust 6s... * 22 22)4 J ♦Non-conv deb 4s...._ .1956 M N ♦Conv deb 3 94s.......—. .1956 J J ♦Conv deb 6s .1948 J J 03 registered... 25 100 ' 38)4 54 % 108)4 111)4 105 108)4 10 29% , 10*8 934 10«4 *108*4 110*4 37 % 3714 *1412 % 133g 16 13Vg 9*8 9 110 37% *14 % 13*8 10*4 99 110 9'8 9*8 yi2 9i8 ♦108*4 HO 38 36*4 37 15 15 15 1 14% '16 1334 *4 14% For footnotes see page 1714. 9% 934 8% 91.1 1083,i 1083,1 36% 37 15 *u 13% 15 7 2714 734 69lg *105 . 5,500 Under Elliott Fisher Co No par 27% Dec 26 37% Sept 17 5,400 778 70*8 *11234 114*2 UnlonBag A Paper....No par 7 Dec 10 Union Carbide A Carb.No par 60 Feb 14 Union El Co of Mo $5 pfNo par £lll34 Jan 30 1234 Jan 4 79% Sept 17 U534Nov 3 112% Sept 30 16 Sept 17 85% Jan 10 85% Jan 13 13% Jan 2 31 July 28 4438 Jan 9 17% Jan 9 1434 July 24 113% Feb 6 20,500 •' ■■ 1073,1 90 Pref$4.50series.-...Nopar 1234 13 8,800 Union Oil of California...—25 58 lg 60 15,400 Union Pacific RR Co...—100 78 *73 400 4% preferred--—....—100 93.1 400 Union Prem Food Stores Inc.l 25% 1,400 Union Tank Car .-.—.No par 13,300 (>'*8 34% 934 United Aircraft Corp. 5 Un Air Lines Transport—.—5 ■914 (JU 4.800 *914 *25 337g *104 111 1,1 36 301.1 15 *i4l2 14% 283« *16 14*8 15,600 < 150 1,700 300 "ji i. 53,900 14*8 28,100 United Biscuit Co...—No par 108 Dec 10 12% Dec 10 58% Dec 26 73% Dec 24 9 Dec 11 24*4 Deo 8 28»4 Dec 10 9%May 15 8% Dec 24 5% preferred... ...100 408-%Dec 24 UnitedCarbonCo.....No par 35 Dec IS Unlted-Carr Fast Corp.No par United Corporation...No par $3 preferred. —No par 15 Dec 23 Dec 23 13% Dec 18 52 Sept 4 21%Sept 1% Jan 3 7 30*4 Jan 10 1 Highest S per Share S per Share 44% 33% 37)4 34 Lotc'si 45 32% 48 37)4 % 1»8 9 to ♦122i2 125 *122>2 125 4 37# 4 •: 37g *13-2 13% 1234 1334 114 1*4 1% 1*4 1112 1134 1U2 12 *1634 17% 17*8 17*8 *434 534 434 4*4 2312 23% 23ig 23*2 18*2 18% 18*8 18'8 414 414 4<*s *fS 39% 30 32 % *59 .76 30 2 "20 *37)4 109% 104% 106% 104% 106% 71)4 39)4 38 35s 80 104)4 37)4 434 33.1 4i2 75 67 "3754 *32 % 1 912 1 *3678 118% 127% 123% 131% 39 1945 J N Y Cent RR 4s series A • 4% 15% 734 49% *47'2 49% 4 3'8 4% 100 108% 108% *104 110 30 100 1% 14% 36 <1 > 500 5,100 34% 10% 15'4 5934 33s 34% • *108 115 3,000 5% 4% 20 *47*2 3% 934 103.j 10Bs Newport A Cincinnati Bdge Co— Gengtd4%s 3% *109 34 *108 48% 840 4,500 ♦HI84 35 •35 36*8 34% 2H8 303s 65% 107 33 ♦Certificates of deposit 1954 36% 34 *107 1 64% "l9 76 7554 104)4 1955 . 314 37% 293g ,<• 2634 100 18 >8 9«i 103% 106% 82% 86% 117% 124 45% 80 107)4 74 imp 4 %s A 1952 ♦1st 5s series B. 58*8 : 101% 106% 6054 *70 New Orl Pub Ser 1st 5s ser A.. 1952 J {♦N O Tex A Mex n-c ino 5s. 1935 58% 3% 111 4% 75 18% <18 287g 2934 35 34»4 *58l,i 60 3% 3% 29% 3434 34*4 34 112 100 75 18 % I,300 8% 29% .... 111 72 A 118 107 1983 1st A ref 5sseries B._ 2% " 1834 29% 102 22 88)4 *117)4 6054 62)4 60)4 D J 1 2% 18" 29% 3434 5814 ' New Eng *3334 75 19lo 36 106% 102% 105% *106 1954 M N 5s... 1945 J 63)4 10354 102)4 103)4 10354 D 5s... 1948 J guar 36% 1% *34 28% 39 107% 112 116 117% 10% 10% 15% 30% >8 A 1960 J D 1949 At $ 1965 A O 10% 14.500 484 2034 . 17% 15% 30 % "3*8 A...1978 F 18 10 30 30 ♦109 ser 21 133% 133% *134% *58h 3U 44 N Nat Dairy Prod 3)48 debs Nat Distillers Prod 3%s 1434 2134 21 100 23,700 28% 29% *19% *20% •10% 10% 10 15% 10% 8 -r 734 7% 1% 1*8 1% 15 " *1434 15 21% 2134 21% *135 136% 136% 1734 I 17% 18 10% •10% :arl0 10% 10% :■ 10% 15% 153.1 15*8 30% 311* 31% 36% *3334 36% 1% 1% 1% 2 2% 2% 7% 1% 1% 15 *1 27 28% 51 57 2% 12 20% 10% 16 8% • 15 4% 34% 14% 3 *26% 300 5% 57 12% ,'1% 3,200 2 51 4% 3534 *11184 *11184 *19% 10*4 16 1% IBs 48% Nash Chatt A St L 4s 100 11 8 1% 30% 100% '4 1234 8% 6 %«Dec 10 $4preferred........No 15,600 1,090 % 4*g 50 15..' ,2% ;; 12 1*1 27 25*4 2834 101 *1534 2% 12% ' *1 28 3134 75 -43% 12 14% 107 ; 5% Dec 11 %i Dec ..100 $4.50 preferred......No par 57 4%. *34% 1434 15% 2% *1834 29 78 38% 32 15 3 *1 31 5% 35% 16% 12% *25% 15 * 39 - 35% 35*2 100 1,000 *105 50 57 •' 4% 810 33 12% *184 50% 4% 1,600 5,300 9,300 90 *.'■ 49 27 10 ; 5% preferred... *114 107 Joseph Lead 0% preferred JSt Louis South western... 100 32 87.'34 • 5*4 57% *57 20 2 <4 55 39 ♦45 33)4 33)4 29)4 1085* Ysar 1940 $ per share fSt Louis-San Francisco... 100 534 % 50 5%' 57% 4% 2»4 12 8'4 St 3 43 'a4 ' % 12% 1234 *134 2M 5112 150*8 51% v 5 4% 43.4 8% ' 8% 8*8 : 4Bg 7,500 14% *85% ';'r % '% *4 49 5% . 11 8's 158 *3334 o 55 Range for Previous Highest S per share Par 2,500 10.3% 109 1784 18 : *105 h 2 50B8 5 20 1 1st A ref 5s. 1941 5% 4% *3434 15% 16 30 " ' 43 13' 2 812 *57 2 U,i 2114 *133t.i 1361? 17 ' 175g 1034 11 10i8 10t2 15 ,■ 15% 103)4 104)4 111 111)4 105)4 89 187. *33 > U ■t *11134 15 ♦1*8 *4% *114 h • 12*2 5212 11*2 ♦1634 28 7954 42 .<?• "23 i 52 *2 20 20 *1034 2854 19 81 101 *11134 2954 29)4 1954 125 109)4 1965 Lowest 2,800 29 %e l : *105'v 107 13 2% ' 4I2 ' 31 267 28 %2 *16 33*2 3314 511.1 28 31 28 54 21)4 69 2*8' 16 2854 2054 14 87". *114 u 12*2 2'8 125g 1% 278 12's *100 • 532 51 514 57% 4*4 3434 2 8 54 28 254 7 21 % 4 28% *'16 *l*g • 3 i *4% 584 42% A284 10884 109 17% "18% 1334 14% 3 108*8 1083,1 18 18*4 107 Jg U 48»4 19 427 42 42 1960 — 6 debentures Montana Power 1st A ref 3^s. 1966 Shares $ per share %2 -5*4 42^ —1334 *85*8 34 8*8 57 s8 ,v 275s : *32 ' 42 .... *105 *32 1954 1954 1)4 19)4 G: 1 : 2 21)4 54 20 % {♦Mo Pac 3d 7s ext at 4% July '38 mn Moh'k A Malone 1st gu g 4s...1991 m S Monogahela Ry 3%s ser B„.:.1960 F A Monogahela W Penn Pub Ser— r 20 1 % 1954 19% 19)4 19)4 "20 % Week $ per share Range Since Jan I On Basis of im-Share Lots EXCHANGE Dec. 26 1 *158 *4I8 89 3312 *8 ■' ♦1st- A ref 5s series 1 ♦Certificates of deposit {♦Montreal Tram 20 1)4 20 % deposit..—. •M A ref 5s series G l8tmtge4%s_ 3)4 *85.is *114 12B8 2i2 5178 5'g 5114 2854 A the ' *2 y. 1965 F 28 ^ 18*8 14*4 14 9 *',1 1212 27)4 J O 27Bs 3 18 >8 107 hi 32)4 J A 22 ♦Certificates of deposit ♦General 4s .......1975 M~S ♦1st & ref 5s series F .1977 M 8 ♦Certificates 427g ... 4884 1962 J 40-year 4s series B...——1962 J Prior lien 4%s series D.....1978 J I per share *32 *4's 53t 42*2 4338 108t.i 108*4 5% *105 mj«8ourl-Kansa8-Texa8 rr— Prior lien 5s series A. STOCK8 • NEW YORK STOCK Friday Dec. 25 24 Dec. $ per share 29*2 *158 108'2 109 183.1 19 143g 14»2 *85*g 90 33i2 33i2 1054 2 *1)4 ♦25-year 5>$8---- 2734 3 *114 J S per share 291.1 *1B,j *4'8 42B« 26)4 25 18 ..... F 1938 J 1946 J Dec. 23 'l# 66 37)4 2654 ..... J Dec. 22 20 $ per share 99)4 70)4 *29)4" If 8 *3S J ....1938 J gu {♦1st cons 5s gu as to lnt ♦1st & ref 0s series A 58 65 ' Sales Thursday Wednesday 70 90 105 D 1902 Q 4s lnt 67 90 39 M 8 1949 con g 69)4 00 D A State Line 1st 3%s.l941 ./ J & St Louis 5s ctfs 1934 MN ♦lst&ref gold 4s ♦lief A ext 50-yr 5s Tuesday *92 105% SALE PRICES for 30 68 O J AND HIGH Mondan Saturday High 90 t«*Milw j4Mlnn No. Low High 69)4 J 1939 ./ LOW Since Jan. 1 30 1903 M S t5*JUid <yf N J 1st ext 5s......1940 t§4Mll A No 1st ext 4%s. 1939 §13 Asked Loio 1952 M N 1979 J A Dec. 1951 M S lief & lrapt 4 %s series C Range or Fri lay's Price Railroad & Indus. Cos. (Com.) ^♦Miag Mill Mach 1st 8 f7s...1950 J D Michigan CentralJack Lans A NEW YORK STOCK RECORD Week's Lam Week Ended Dec. '20 1713 105 May 12 71 May May 70 June 13 Dec • 22*4 Jan 31% Juiy 12 May 12% Ma 108% Nov 42% May 12 1% 20 May Dec nr-o J, * wrww wamacj waaa* MfiUku ztu itiftfainwi 1 «r Tuesday* December 30, 1941 & FINANCIAL CHRONICLE THE COMMERCIAL 1714 NEW YORK BONO RECORD STOCK RECORD. NEW YORK Friday share 4% $ rer Dec. 23 Dec. 24 $ per share 2 per share $ 1*8 *35i2 37i2 *35% 371® 37, 41.1 32% 4% 4% 3158 4'4 3212 4% 30 65% 66 4's 4% United Drug 1,200 United Dvewood •" 4% 30 6534 4l.i 30% 66'4 4 32% 4% ; 4»R *J02is 1043.1 12 12% *8212 *16 2% 2;% 86% 17 18% 17 6% *5% 37 *3118 6% 21.4 6i2 6-% 63s 102 *88 21 21 21 21% 2138 2734 273,1 23 26 27% *251* *20% 22 *20% 4,700 ""710 271; 27 27 2 53.4 21 21 21 20% r>, 12 a1« 17<8 773,i 15% 17 1534 163s 7234 651® 70 69% 44 4434 44% 4434 443.4 46 69% 69 69 69% 70 *20 47 47 47 45'® 11 % U 1® 7i« 42% *11% 423« 43 43 14% 14U 14% *13i2 47i2 '' % 50 49 SOU *50 148 148 148 148 151 *145 154 • 48 44 13% 13% *148 48 640 ♦148 - -60 ... 161% •V- *151 160 *151 Oct 4 48 2 J—No — 34% Feb 65% Apr 43% Dec 18 Dec 10 47 var 10 Jan 35 101 101M 1961 ..._ : 20 '/ ization manager) 5s......1961 ♦Ctfs of dep (Issued by reorgan¬ ization manager) 5s—-.1.1941 Nort & Western Rv 1st g 4s... 1996 O North Amer Co deb 3Ms..1949 F l® *% *9»8 *2234 173« 18% 9% 24 185a 18 10 I 9% 2 3i2 *23i4 38 23% 17% % 23% 23U *22 25 18% 10 24 i 24 9% % *231* 17% 9% 24 i 41 57 *..-- 85 *4012 *.:„ * — *— *12 12% 26 M Apr Jan 39 Apr 24 - Nov I®4 -Dec % May 15 33 -.1959 F -42% June 7 41 157 June - > Apr Apr May .70 134% June, 159 Oct 31 83 46 M 56 M Jun< Jan 4 *92 >8 110 *13212 150 32 29 29 13% *91% 991 *12 3 12 25. May 28 July 10 "39% Joly 117% 45 July 30 35% May Apr 49% May 57 Mar 26 6034 Jan Aug 62 May Aug 110 112 8 69 M 69M 32 29 29 Aug 20 —5 27% Sept 10 .' 2% Jan 2 19. Va Iron r'ooo May 5 29 Preferred... ■ May Aug 31% Mar 4% Jan 31*4 Ja" May 28%July Dec 23 F 107M ,110M A W P *132% 150 . 120 106M 111M 105M 109 M ---1946 j p m% 104M 4s debe nt ures ; ■ J4 - - -- 1812 !8i2 105 *104 105 *104 6% 181* 63i I8I4 7 *634 1946 5s 1940 .....'.1946 Oregon RR & Nav con g 4s ./ J 32 3114 •13% 1338 131* 2% 234 2% 23.4 1431 % 14% 4% % 151.1 518 70 32 % 1434 • 5 5 *69 71 *69- 3% 31% 32% 13% 2% 13% 2% *13% 234 7,100 :..1946 ./ 2,600 Walk(H)Good & W Ltd No Div redeem pref ..i.. No Ward Baking Cocl A ..No Class B.. .-4--No 13% 2% 32% *23%" *15 7 1534 *69 4% 4% *60 71 *69 * 15% 15% 153.; 4% 500 131 3 13% 5 71 4 300 1,000 5,600 1,900 18,000 48 110 /Nov 1® % " 38 Pacific Coast Co 1st g 5s Juui 135 19 36 *18% 14% 14% *11% 18% 3434 143.1 12 *1738 35 35 Pacific Gas & El 4s series G...1961 7% preferred. —L 141* 1434 14 143« 121* 12% 12 123g 2 11% 11% 10%. 11% 11% 1»4 *1% 18% 1*8% 18% Ts" ~18% 19 *68 69 *68 70 3"l00 68% 68 200 68 69 *68 600 91 91 112 112 *91% *112 16U *15i2 16 16 1834 171* 16«4 105 2 2 134 5 5 5 5 l4 2414 > 24% 16 *8 17 % 24% 16% 5ie 253s 17 1% 5 5 % 24 % 24% 16% 16% Dec ,.' 600 15% 105 18 1% G 5 "3", 703 2 17% 1 40 3,500 5 800 % 4% 2d Western 24 22% 23% 5,300 16% i6! 16 16% 15,000 30 Jan 4% Feb 60% Dec May T -.V's . % May 33< May 22, May 2ft May 20% Jan 14 2% Sept A2*i Sept 34% Nov 28% Feb 0 Jan 2% May .7 5 80 74% Jan IS Ref mtge 3 Ms series Paducah A 111 1st s 90 • 115 20% July 15 , 107 104% Apr 20 -Oct L% Dec 23 20 9 1 l%May 13 18% Feb 13 Deo 10 6% pref. .100 Union Telegraph .100 31% Nov 24% July 22 Westinghouse Air BrakeNo par 15 50 71 preferred 50 Weston Elec Lastrument.12.50 Westvaco Calor Prod ..No par $4.50 preferred—'...No par Wheeling & L.Erie Ry Co. 100 118 ; 74 76% 75% 753.1 74% 75% 76l2 124% 118% 119% *118% 130 119i2 *120 28% 281* *28 i2 *28% 29 -*28% 28% 30 f 31 31% 30% 30% *30i4 3H* *30% 32% 109 *105 109 *105 109 105is 1051* *105 *52% 61 «8 *55 61% *55 61% 61% *55 99 *87 *87 89 *85 9 *87% 99 2534 243A 24% 2434 24% 24% 2514 25»4 59 601* 68% 58% 5834 6012 58% 58% ' 75% 131.1 13'8 1334 3 3 2% 234 *123.i *12% 13% 2% *2% 13% 14 3 2% 13% 2% *2% 5% *20 20% 20 "24% 25 2,800 13% 13% 13% 2% 2% 2% 2% 2% 2% 58«4 820 13% 58% *12 12% '100 13% 3 2% 3,030 *18% 20 *17 1,600 400 1% 5% • 5% 4% 64% 5 64% 1% 5 5% 5% 64% 2434 24% 24 18 17% 4,000 5 5 5 64% 65% 110 101M 35 103" *10 Pa Ohio A Det 1st A 4M»series B Jan Penna Pow A Lt . 19% 20 23% 23% 17% 17% 10% 17 19% 24% 17% *100 140 *100 140 *100 140 *102 140 *103 113 *90 113 *90 113 *92 113 *90 *47 50 *47 51 *47 50 *46 50 *47% "1*066 42,503 2,009 *50 56 *50 56 *50 58 *50 1021* 100 100% 99 99 99 99 too 501® 51 52% 5134 53 5134 52% 501* 51% preferred..—L..No par Wisconsin El Pow 6% pref. 100 Woodward Iron Co.: :..10 Woolwortn (F W) Co. 10 Worthlagt'n P&M(Del)No par A..?——j-100 B..f......l00 41^% series..100 % conv ser.. 103 Wright Aeronautical'.—No par Wrigley (Wm) Jr (Del) .No jMir 70 52 2,030 3 Apr 16 Apr 18 Dec 10 Dec 10 Oct 17 Dec 24 26% July 31 2%May 12 2% Jan 11 6% Dec 15 l%May 1% 1 $6 5% Jan 10 •19% Dec 11 —5 Wilcox Oil & Gas Co 3% 4% 60% 103% 19% 23% Dec 26 16 Dec 10 , 101M 88 119M 125M 108 M 100 108 M 29 107 —1968 J D 1970 4 O 80 1st g 4Ms I0 7 Sicpt 17 77 : Sept 18 115 Nov 26 33% Jau 34% Jan 7 7 25% July 22 Aug 21 '93 Mario .147 130 July 30 85 Jin 30 .47% Di311 ! 73% Aug 21 75% Aug 21 50% Die 8 122 July 24 '88 Apr 23 50% Dec 20 •>80 Jan 11 7% Aug 7% May 4% Mai 3% May - 38 Jan 1434 May : ^ s 1 .1*4 1% 3 3% Jan 3% Jau 334 May 45 11% Apr ,17% Dec 11% Apr 7% May 67% Mar 24% May Oct June 116 -Jan 16»4 May j 30 May 13% May ,Y 6»4 .7% 70 ■'A July 95 Oct 29 June 68 39 Juui 73 93 Phillips Petrol 1%8 15% 1534 12% 111 6U 3234 *75 IOI4 111 6*4 33 82 IOI4 16 15% -2 10 1 '8 1 lVj 111% 111% 5% 6% 32% 82 *72 *72 103.4 - 834 1% 16 11% 33% 32% 8% *1% 15% 1134 12% 111% 1113,4 6 6% 9% 32% 81 10% 8% ■ . 13,4 8%; 1%I 15% 11% 111 111 5% 32% *72 934 8% 1% •Bid and asked prlJBi-apjaieaoj tils da/, 15% 4,100 11% 11% 110% 110% 5% 5% 9,230 1534 11% 6% 15 32% 32%. 33% 81 *72 : 10% 3,800 13,100 81 10 210 » , 2 t In ryjeivarealp. 0% "6*403 25 cl B.-l Preferred—100 Young Spring & Wire ..No par Youngstoen S & T__t—No par 534% preferred series A. 100 Youngst'n Steel Door..No par Yale & Towue Mfg ...... Corp.—-No par S'S 3,400 Zenith Radio 1% 4,20 Zonite Products < d Dif. diUvery. Co Yellow Truck & Ooacn nNiW3tPia. Corp......-l rCasasale. 15 Dec 26 10% DiclO 110 Dec 18 9% Dec 8 9 18% Jan 6 Dec 10 1% Apr23, xEt-dlv. u Jan 10 4 Dec 10 81% Dec 8 17% Jan 10 12% Jan 11 42% Jan 6 95 Aug 5 5% Die 10 29 22% Jan 120 15% Apr 3 3% O it 25 15% May 9*4 May 98 Mav O 80 M 80M 83 M 110 94M 104 X 80 91M A 37 M 37 3M 107M 106 37 3M 107 H 64 M 2M 107M 64M 57 M 8 "56 " J 100 M I) ® - 56 v MY 1981 J D J J J J J A 83M 56 74 • 74 108 fjj 105M 109 120 116M 120 M 113M U5M 114M 114M 2 107 H 102 M 107M 10 107 M 110 103M 03 100 109 107M 102 % 109 M 5 22 23 M 90 5M 155 "22 ' M 8 J 9)4 110 57 105 108 M *115 J 66M 57M *105M A 54^ 2H 64-M 57 : 105 M 97 105 112M 118 M K....-UVA J Series B 4Ms guar—a Series C 4Ms guar — .. Series D 4s guar ! - - 4M 5 •' 1M 2M O 102 % 1M 2M 102 M. 2M '*: ...195/ ..I960 -—1963 Series H cons guar 4s Series I cons 4 Ms t Apr .^.1942 1942 ...1945 2M 105 107 M 108% 112 28 M 16 M 7M 3M 10 2M 8H ■7M 169 99 M 105M 100 M 104M 72 1M Jan Pitts Steel 1st mtge Jan 4 Ms A. 1952 4Ms .1950 Pitts Va A Cnar 26% June 80 May 48% Jan 99% Dec 12% May 28% Jan 8% May 17*4 4% Pitts A W Va 1st mtge 4Ms series B.— ... 1959 A 5s series B ———.1962 1st gen 5s series C 1974 1st 4Ms series D.—— — .1977 For tootnotes see page 1715. F - 122 117 122 107 105 M 113% 113M ---- - 103 100 J 100 100M 100 103% 101M 104M *102M 99 D 99 99 105 M 101M 105M 10f M *105% i> 59 "53" O 58 58 M 52 70 56 58 M 52 '70 series C.—..I960 A O J D Pitts Y A Ash 1st 4s ser A— U948 1st gen , 113M 117 103 MY Arr Et-rig'hCs." U Called lor redemption. J 105 110 --. O 1st mtge 4Ms • 121 105 113 HOM 114 121 *99 M A D 114 114 *110M A 110M 109 111 M S 1st 4s guar... 1943 1st 4 Ms ser A —.1958 J Apr Mar F Series J cons guar 4Ms..-.-1961 Gen mtge 5s series A '—1970 J Gen mtge 5sseries B.- — -—1975 .4 Gen 4M»series C-— 1977 J 19% • 108 M \I N F 103%, 103M 109 A/N M N 25 126% Sept *loo«8»...: *102isjj 105*32 MN Series E 3Ms guar gold-..-.1949 F A Series F 4s guar gold—.U-.-1953 J -D Series G 4s guar. Oct Apr Apr 2 27 Pittsburgh Cine Chi A St Louis- Oct U 6% Jun 07 H F 48—1943 debs--..1951 Pitts Coke A Iron conv 12 86 M 95 90 M ♦Certificates of deposit.. Nov June May 87 43 97 J J 1952 4;*Phlla A Read C A I ref 5s...1973 ♦Conv deb 6s......... —.11949 ^{♦Philippine Ry 1st s f 4s--1937 Apr 00 01; M 97 M J Apr 24% May 05% 89 96 M- J J M 86 M 97 Philadelphia Co coll tr 4Ms —1961 5 J Phila Electric 1st A ref 3M8--1967 1/ S Mar 102% 129 F 116 86 M ..1974 C..—1977 General 4 Ms series I) .* Jan Apr Apr Juui 55 General 5s series B. General g 4Msseries 121% Mar .34% Nov 42% 107 4 O Apr serie.s C —1980 Phelps Dodge conv 3 Ms deb.-; Apr 74% Nov 35% May —Apr 1990 5Ms....1974 Pere Marquette 1st ser A 5s..:1956 1st 4s series B .1956 Nov 61 — — — Peoria A Pekin Un st Oct 103 107 89:..; — Dec May 54%June 28 S10% Jan 41 120 ♦income 4s Feb May 98 88 119M J Peoples Gas L A C ref 5s—1947 M i. Peoria A Eastern 4s ext..— I960 -10 37% May 85 "30 100M 4 ...1981 A Gen mtge 4 Ms series E 1984 J Conv deb 3M».. ..-...-1952 .4 Nov 50 11OM 115M 109 H4M 01M 101M Jau -18% May 103 M 107M ll'»M 28% Dee 1 5 D A.......1965 Jan 108 103 M 110M 105 "89"" 283| 38% 109% 103M 110M 110M 11 O Debenture g 4Ms. Jau 106 106M 111 110M lioM i/N General 4 Ms series I) 140 "23 105 if N M N Genoral 5s series B May 107M 105M 105 F A 4s...1943 Jan 110 105 101 1O0M Cousol sinking fund 4 Ms.—. 1900 F A Jan > * 107M 4s_-..1948 sterl stpd doll ir May 1.1948 mtge 3Ms series C.....1970 Jan 118- 102 M 102 M 100M 107 104M 105H 102M 105 y'.-v.'.' V'. Phila Bait A Wash 1st g Feb 15 Prior pf 4 M 100 July 23 Jan 2 1974 Cousol gold General 4Ms series May 3034 July 31 76 Jau 14 >15% July 25 17% Jan 9 8% July 11 Prior pref 55% *100 100 ' Pennsylvania Rll cons g Apr 15% May 9 7 10% Dec 10 White Motor Co—i —1 :'i 2% Dec 18 Wnite Rock Mi l SprCoNo par 2% Dec 10 White Sewing Macla Corp...l 7% preferred 6% i>referred 50 55 19 i.5S% Dec 22 Mfg(The S8).20 0% conv preferred.......10 WiUon & Co lac......No par 113 *50 65 Dec $5 conv prior pref-..No par White Dental 1,300 140 *90 Apr 16 Aug 18 85 J 1 2734 May 60 O / ....... Apr 76 _ Mar 22 Aug 4 ...1981 6 36%July 14 112 ref 4 Ms A '77 *105 3 Ms ......'..I960 F A Ms debentures . 101 F A 1) 8% . 103 101 WN J 2«4 May 14% May 96M 104M 106M Apr Dec 68 105 Ms trust ctfs D 4% May % 95 104 Gen > 67 126 118 118M *92 8 108M 25% May 105 Apr 26 105 Wneedng Steel Corp1...No par Jan *118 1/ M 103 4s 34% Jan 10 6 17 21% Apr 18 Willys-0 verlana M otors _ _—. 500 141 9 Dec !27%June ,27% Apr 54£% conv pref..i— ..100 3,930 *112 2334 1934 23% 17% 171- 2,600 64% 1st preferred-i— -No par Prior preferred..—. 20 1% 1% 5% 19% 24% *19% 25 17% 5% ,. 4% 64% 1% *112 *112 20" • 1% 1% 1% 1% 1% V 13,i Westinghouse El & Mfg $4 conv 19 *112 *112.; 50 20 5 64% 80 vis'-.", L' 87% 1% 5% 5 65"4 *' 6i3s *18% 1% 5 *900 87% 1% 1% *5% ■ 300 *52% 22% 1% *641* !,,<■ 50 *18% 1% 108 108 *44 22 •' 30% 50 *18% . 30>4 *44 *44 1% 29 53 54 1% 170 28% 12% .. 22,900 *44 154 *44 *11* 13% 133.4 3 3 *12% 76 136 75% *118 105 : Oct 28 41 I03M Oct i 98M 100H 45 1 ♦ 120 July 31 57 M 99 M 44 \l 8 1944 5s.. 1949 1942 Dec 40% 60 M 52 53 M 99 O debeu—1956 M S *101 108% May June 101M 105M *102 M Jan 4% July 31 Dec hi Feb 5 preferred.-.-—-100 y a 105 M 104 103 M I) Apr 21 •• D Apr May 1007s May ;; 90 100 M 110 H 107 H 111M 103M "105M Guar 4s ser E trust ctfs 198 .11, 91 80 J Guar 3 v 115 29%^uly 22 83 M 83 Pennsylvania Co— Guir 3Ms trust ctfs C.——.1942 J 110% .. 16% Dec 22 99 M 106 H 86 MA' Pat A Passaic G A E cons June June 100 M G08M C Feb 4% 103M 09% 83 ctfs.—..1955 1st Msf i! 3s loan 80 , 87 H 110M 114M 106M 112M 105 H 11 im 80 1960 Paramount Pictures 4s -i'' 1191* 105% 100 fg4Ms...l955 Parinelee Trans deb 6s 96% May 91 Jan 10 107% Jan 18 117% Jan 3 89M 60 84 M 107-M Paramount Broadway Corp— 4 106% Jan 25 Dee 24 93% Dec 23 Njv 6 112 Mar 31 15 Dec 10 ;89 117M 74 110M 107 M 103M Panhandle East P L 3s B ^ El class A..No par 21! 112 110% B...1966 75 >58% Aug y 1966 Pacific Tel A Tel 3Msser 29% Dec 54 74 1) 3 Ms ser I 1966 J......1970 80 Jan ' 15% May 25% July 31 Apr 24 May 77 M 77 M D .1044 .1952 28-year 4s--——.1903 Pen isyi Glass Sand 3Ms...—I960 20% 13% May Feb 41.1 80 3 6 ; 65% Mar - . 2334 Jan 13 17% July 22 22 1634Mar Western Pacific 2,300 #3? 5 > May Sept 17 38 1 7% preferred 100 Snowdrift No par 84 conv preferred-..No par 23% V 14 10 5 % . Feb 19 113% 18 2 1734 2 , 25 V 3 2 1% July 31 21).t Oct 22 6 Pipe-i...No par \ Dec Dec 105M 107 M 3%s ser H...1961 ♦Paulista Iiy 1st s f 7s % Dec 18 Feb 4 Co—...No par 1% preferred..--t100 6% preferred.-i.i ;-100 West Pean Pr Co 414% pi. 100 West Va Pulp & Pap,Co No par 6% preferred....—— 100 Western Auto8upi>ty Co...10 Western Maryland .L 100 15% 77 3% '■ West Penn *103 105 6% Dec 234 Feb 19 Jan 2 53 > U2M H7M 103 M 105 M |*Pac RIl of Mo 1st ext g 4s.. 1938 §*2d ext gold 5s i ...1938 Jan 25% 130 1534 1534 1% 13% Aug 120 90 *112 11334 *103 18 1734 2 5 . 1534 1534 *103 18 95 *1,2 Jan % May 9 99% 100 92% 92% 99% 113'4 *112 2 0 *99 92 92 95 11334 *112 106i2 *103% 105 *103 99% 100 *88 90 90 90% 90% 100% 101 95 *9112 913.4 *88 9% 9 Wesson Oil & ■ 101% 10112 9 l%June 11% Dec 23 -10% Dec 23 Webster Eise.ilohr._4-:No par i ' 1% Dec 17 80 Feb 5 ~ •16% Feb 6;%Sept Wayne Pump Co— "18% June 26%Sept 1,000 1% 10 6% Nov 35% Jun % Dec 10 3,300 18% 1«4.; "Wz "lV" 15% Sept 18 2% Dec 20 Washington Gas Lt Co ;No par Waukesha Motor Co........5 134 1®4 10% May 18% May 13% Apr 19 par 4,100 U 1% 11% 11 June 3 „ par 14% 11% 14% 89, 6 0% Jan 6 Sept 18 36 preferred.i—-J.—No par 83 23% May 104% Dec 9 Dee par i Warren Fdy & 200 68% 1138 11% 13,1 IH4 3434 J Warren Brcs 380 ' 1 31% 9% Nov 16% May Xl2% Feb 13 Pictures.-... -.5 1 5% May 4 100 — 4,100 19 18% *34 3 15 20 Jan May 4 25%May 31 83.85 preferred---i—No par 3. % 18% *3434 14% 18'2 35i2 n par 112 M -Jan 9% Apr 96%June 27 100 H% pref with vvarr Warner Bros 100% 112 112M J J 107M H2M 108 112 J 1902 101M 103M 5 107M J Otis Steel 1st mtge A 4 M8 100 M 104 M ... Apr 22% Jan 105% Jan 15% Dec Walworth Co..-—-T--No par »32 % 153.1 4% 181* 18-s *34% IH4 *134 31 s4 1,900 334 3% 32% ■ IS 15j, 334 3% 33,4 3134 3% 18% 104% 18% *100 104% *100 105 105 3% 31% 13% ; 3 334 X17H D Ore-Wash RR& Nav 4s-....w. 1961 J li 101 101 J J Guarstpd cons 5s 1st & ret mtge 6% Dec 12 9 par Walgreen Co——•—i --No par ' Ontario Power N F 1st gu 5s ...1943 y \ Ontario Transmission 1st 5s .k.1945 A/N 1st & ref mtge 3s ser Waldorf System....—-No 1,900 6% 0% 6% 18% 634 18% 7% 18% * 181,1 6% 10SM j Nov L5% W • 107M 110M 102 % 106 M ,35 120 108 % I08M May June 21 108M 100 M 71. 143 100 i07M 108M 36%June Mar 27 3H 9 107M 106M 108M 4M 4M 107% 1O0M, 28% May 135 5 i) 1st A ret mtge *1321* 150 107 110M 109M H2M 15 -v. ;• 1st mtge 3 Ms. — ——. ...1972,j Oklahoma Gas & Elec 3Ms. ...1966 j 3 Nov HI — *104M I07M ...1967 M A 1st mtge 4s. J.. v. 5 105 62 108M - *101 J Oiilo Edison 1st mtge 4s.— ...1965 M N 4 Feb 15 62 45M 48 0 Jan 89 45 M 48 47 M 53M 38 57M 49 M 42M 389 45 55M 47 M 47 M 1944 J 33% Feb 42 30% De3 24 Co...-.100 ^ 100 Vulcan Detlnning ♦911* 110 14 109 2 3a4 Sept 16 25 6% preferred *132% 150 8 118% July 23 Dec 10 11 Co—-———-25 Virginian Ry 900 - preferred. 100 pref—.No par Coal & Coke 5% pf 100 58H 70 94 44 50 Oct „ 60 1«4 May % De3 26 18% Dec 10 H4 Dec 23 Cnem_i_.No nar 44M •, (Mian) 1st & ref M 3 Ms—--1967 (Wise) 1st mtge 3M8.......1961 Northwestern Telcg 4 Ms ext... 47 M 35M 38 > 48 M 45 C--....2047 Ref & tnlpt 5sseries D._.2047 36M 2 41M 76 M "73 68 38 80M 65 39 M "41M 60M 130 70 M 05 . Northern states Power Co—*■ •"•• ,45 45 1997 Ore Short Line 1st cms g 66 Mar 13 6% div partlc Mar 2 Aug 20 Va-Carolina 43% May 22% June 20 — Feb ;19 June 6 Mar 17 68 Va El & Pow «6 13% *30% 29% *91% 110 *132% 150 *27% Dec Apr «4 »u Nov 34% Jan 15 i ca i- Ref & impt 5jseries Dec 69 ;/ % Aug 28 31 -r- 106 Jan 128 -45. Jan 21 115 67 *83M ...r — . 03% Dec 18% Nov 12 % May u 123 113 v 1997 3$..—Jan 2047 3s registered. -.2047 Ref & impt 4 Ms series A—.-2047 Ref & impt 6sseries B. ..2047 4s registered ,; Dec 2% 2% • May 117 .♦Certificates of deposit Apr 50 ; Dec 1 16% Jan 10 Sept 22 162 1% • 115M *120 M S North Pacific prior Hen 4s Nov 39% 1 103 104 103M 107 cellation of guarantee). > ..1945 At , 70% Nov 130; Dec 125M 129 M 103 107M 103M M 8 1945 AC • i73% Dec 103% May v29% 60. Works 28 '108 104M Apr 67% Nov Mar 26 57 v 12 L18 101 A 1974 Gen & ref 4 Ms series A.. tN irthern Ohio Ry— ♦1st gtd g 5i ♦ist mtge g 5.s (stamned Jan 117 May 42; 6 64 20% Aug 4 111% Dec 18 39,gJune 1,500 30 31 30s4 31 2934 *9112 110 203.1 4.000 115 115 , Co._i—-----5 & Pac Ry.-.lOO Victor Chemical 2,200 \ 21% «4 2r% 2134 —-5 Co Inc.i preferred.-_t--ilOO 29 28 103 -.1974 North Cent gen&ref 5s Jan 41% Maj 5% preferred —-100 23% 2234 116 *12 13% *11% 32 32 2934 2934 7% 1st Vlck Chemical ""300 85 Day % *21 *115 114 Van Raalte Vlcks Shreve 40% . 104M A Gen lien ry & Id g 1% Jan 4 62; Sept 16 Apr 18 15 17 77 ♦120M A 1951 F A Debe nture 3 %s 4May 38% 39t4 May 60 May z50'« Nov 28 15% Dec 9 J 8% Dec 18 Mich Tool..2.50 Van Norman 300 25 *24 -40% i-.No par ------1—- --100 Am.No par _ Vanadium Corp of 57 24 23% 181« 20% % 20% 114 13U *111* 13'* *32 7o 2014 115 3,300 *111% 115% 85 24 24 24U 20 *114 116 57 Preferred- 10 18 57 * --/;85 7o . 2014 2014 *114 85 ' 24l4 241.1 78 24'4 7S .•v- Closed—' 40% Christmas *.— 57 25 16% 1,400 11534 *1111.1 1153.1 *111% 1153.4 *111% 401* *40'® 41 *40% 41 *1111* 116 *23% Exchange VadscoSales..: 3,200 Stock *16 25 17% 10 24 104 M 12M 12M *97 j j Ohio Connecting Ry 1st 4r.- ...1943 M j *22U H2M HOM 101 Apr 74 68% May 4 1% Jan 7% Ana . . 33% Jan 13 2 sia Jan 108 M 9 ; 109 2 20 M J8*Og & L Cham 1st gu g 4s —1948 S 2M 3 25M 21 *20M A F ♦Certificates of deposit-----...♦Ctfs of dep (issued by reorgan Apr 22 Jan 13 130 . Mar 27 42 .4——25 Dec ® 28 '• 27% Jun< 7 70% Jan ; 1051-t DB3 10 19% Dec 17 J-.No par Nov 21% June 76% Jan 29 D3322 69 - ,28%Sopt 17 103%Sept11 65% Deo 23 % D33 9 Corp.—1 United Stores class A...:.-—5 ■■■I. %«1)33 18 42% Dec 20 $6 conv preferred.J .No var 12 ■ May 10 Unlversal-Cycions Sttel Corp 1 43% Nov 12 Unlversal T.eaf Tob-.f .No nar 140 May 20 8% preferred---- j—---100 133 Jan 17 Universal I lot ares 1st pref. 100 200 47 48 471® 2 1034Sept 16 31% Aug 105. United Stockyards 600 •: 44 14 152 7% ■ preferred- 50 " 152 U S Tobacco Co-., 2,200 <%a >■ »» •■•3,700 45 *13% *148 *147 *43 ' 4% Aug 13 -50 * 110M Debenture 4s... 2% Dec 21 Pref erred—i-----100 4,800 u is, 12 141* Preferred---—-—- 4- U 8 Htcel Corp..-. 3,700 20 48 *45 1% 43 43 . 47,900 51 19% 451* *451® 1,000 Jan 11 3% Mav 0. May 2% July 23 11334 113 20% 11 I'm »>« »16 20 14, May 20:. Sept 24 4,200 110% 109 M 110M Dep 89 25% July % D33 10 15% Dec 21 5,600 50% 50% 1131* 114% 201* 2018 June 12 33% Aug 26 18% Air 12 26,200 45% 43 Plywood C)rp._ 10,800 *67 70 50% 11338 114 2U2 2014 *45i2 5034 50% 115 114 201.) *451* 51% 5018 513s 114i2 44% *67 Fib 10 Apr 13 U 8 16% 109 M May 182% May 1 6% Mar 2\ May 9%June 27 4% Fib 17 33 U 8 Plaving Card Coi 70 43% 69a4 7% 12% Jun< 20 10 1 tU 8 Realty & Impti.-No par U 8 Rubber Co..—4— 10 8% 1st preferred.4..i_.100 U 8 Smelting Ref & Mlu...50 131 3 1(DM 18♦Norf South 1st & ref 5s. 95 108 M 111M 110 3 .U966 Nlig Lock & Out Pow 1st 5s A .1955 Niagara Share (Mo) deb 5Ms.. 1950 — Apr «7 165 r'May 400 15% Der ,Jan 50 8 Jan 14 ' tdrv——20 1 iioV- .I/. 1967 ; . 8 • '15% Apr24 U 8 Pipe & Fou 67% ' 70% 4 3®4 July 19 900 2 534 20% U ft16 16% 16% 67 13 69% Jan 183 Aor23 54% Fib 24 20% Dec 26 25% Dei 26 ' 21% "3* 800 7'a May ser B 15M 16M 9% 61M 9 , t5*NY West & Boat lst4Msjvl946 13% Mar June — 85M 8 Niagara Falls Power 3Ms. High 105 M 108 H 26 40 3 85 N Y Talet) 3 J Oct Low No 8 *2 M :: Dec i 118 5 Ma\ 5% May V Jan. 1 30 20M' — Jan 80 July 22 Since Cl Cqeci 100 105 My 5*Ceneral gold 5i.—1940 Jan 3% July 28 19 Range ^2 nigh Low ~W ♦Terminal 1st gold 5s.. .-...1943 15. ' 93% Oct 24 Pri'6 Week Ended Dea. 26 Railroad & Ind'is. Cos. Jan 85% 3 preferred———.—100 Prior 41 107%Jun 4 5 5-% Drr 9% 9 Mar 0 Mav >60 4%Sept P irtic & conv cl A J- .No nar ■ i- 5 6 ...No par U 8 Leather Co 2,700 8 | 14% Nov 19 170 5M»% onnv preferred..-__50 Aloohol.No par 95 20% % 51 . *88 2112 1612 114 6% - ' Jan Dec - 10% Jan 15 117 Jan 22 ,9% Fib 19 7% Dii20 37% Dec 23 U 8 Industrial 1,300 2% 6% 2% 6% 95 21% to "is % 29%. preferred—--J- 7% 303 2,030 • - lst3^s_— ..1963 t§*N YSusq <% W IStref 5s....1937 }*2d gold 4Mav. — i— .1937 Air 65% Mar 2% May >5% Mav 12% Fib 23 81 Mar 4 20 100 ' U 8 Hoffman M ich C >rp 703 5% 37 29% 2% 2% 63g *88 120 175% 534 *31% U 8 Gypsum Co 12,800 79 7% Deo 26% <■ ,2% AarlO ——No par U 8 Freight Co 1,103 83S, 42 . $6 1st preferred-.-'-.No *>ar 41 175 301* 30 7234 693s 8% Nov 21 Friday's Bid <fe Asked NY Steam Corp share per 3% May 2 • Sept ■ 5'8July24 Da* 26 10 UHDlstrlbCirpconv pref .100 40 51 60 USA Foreign 8ecur.i—Yo par 2112 21 4 234 2I4 6i2 • United Panerbonrd. 83% 1734 102 *88 102 1,700 2% 18 t May 29 ;4% DSJ 23 30 $ per share $ share per 6%Sept 18 3%Sept 10 ! 3% Anr 21 .-10 United Mer & Manu Inc v t c. *82% 1738 2984 *88 )l%May 6 20% May 16 1 5,200 2% 17% $ 3 103% De; i8% Apr25 861* 19 2914 2% 2% 238 0ia 2% 293s 29% 291? 293s 400 2% 8% 8% 8'4 8I4 383,i 41% 37% 391.1 *175% 1761* 175% 175% *1751.i 176 *5'* 5% 6% 5% 53i 534 34% *3214 34% *31% 37 37 38 1,030 3,400 79,100 ♦82U 8% 39% 8 734 39% *1751.1 177i2 3914 1,900 3 3 3% 3% 30 4% •' 4% *101% 104% 12% 12«4 12% 12 1% ■ 103% 1031* 314 2% 8812 2'2 *82l2 171.1 734 8 *82% 234 86I2 234 31,1 3 3% *3 66i2 1 %" 134 30% 67 4% 4i8 4U 4% 10412 103% 104% *103 12 12% 12% 12% 68% 06% 66 06 4% 484 share P* 2%June Inc.—J -.5 Carp——.10 Preferred..——--4--—-100 United Electric Cnal Cos 5 United Eag & FJy._j ..5 United Fruit Co. —J--No var United Gas Improv'tL .No na* $5 preferred —--i—Aro w 5,500 37 43s 33 4i,i *32% 1*8 434 134 4% 1*4 37% S Par •• Range or Sale Highest Lowest Highest < Week's Last <UV3 bonds ,,N. Y. STOCK EXCHANGE Year 1940 1 1% 5 Lowest Week Shares share 434 4% per *3414 4% J . - 26 Dec. g5 $ per share '» Range for Previous On Basis of 100-8fotr« Lots •EXCHANGE the 1 '8 36 4% *13.1 30 - Dec. Dec. 22 $ per share 20 Dec. STOCKS NEW YORK STOCK Friday Thursday Wednesday Tuesday Monday Saturday SALE PRICES AND HIGH 1 f; Range Since Jan Sales far WW A J D J D 53 51M 61 M - *102 10G 108M *U9M 117 120 M Volume 154 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4026 ;' "V- i NEW YORK BOND RECORD Friday BONDS Last Range N. Y. STOCK EXCHANGE Sale Friday's Week Ended Dec. 26 ; Price Railroad & Indus. Cos. (Cont.) Port Gen Eleo 1st 4%s.1960 M S 1st 6s extended to ...1950 J J Potomac El Pow 1st M 3%s_..1906 J J Pressed Steel Car deb 5s...-.-1951 J ^Providence Sec Bid Low 79% 108% 90 2% 89% 105% 107% 4s (Cent Pac coll) J. 108 % M 75 76% 75 84% 75 75 75% 102% 103% 104% 75 84 101% 101% 103% 104% 103 % '104 % 104. 104% 99% 99% 11 J J M N 5% 1955 F {{♦Rio Grande West 1st *34% 35 A 28 35 & coll trust 4s A... 1949 A O 11 10% 11% 105 7 131 Gen refund 131 TTRuhr Chemical s t 6s {♦ Rut-Canadian 4s stpd ..1948 {{♦Rutland RR4stpd.v—1941 110 8% 9% 2% 4% St Jos & Grand Island 1st 4s_. 1947 107% 4% 9% 93 107% 85 ... 4.Jan 1960 With declaration 97% 30 64% 75% 3 64% 2 25 74% 41% 67% 83% 39 51 52 17 8 ♦Guar sec s 1950 J 9% 9% 9 10% ♦Certificates of deposit ♦Prior lien 5s series B... 1950 J~ ♦Certificates of deposit.."..... 'Con M 4,4sseries A.:.....1978 j? S 10 9 .1989 MAT ♦Gen 15% 1968 J D {♦St Paul E Gr Trk 1st 4%s_..1947 8% 15% 16% 16 10% 653 9% 16% Union Pacific RR— .10% 310 9% 15% {{♦St P & K C Sh L 53 19 29 35% 17% 14% 62 9% 81% 2 4%s..l941 F 4s -1943 J A gu 8 A <fc Ar Pass 1st gu g San Antonio Pub Serv 3%8-..197() M 6% 99% 6% 99 Santa Fe Pres & Pheu 1st 5S...1942 M 81 78 - 6% 99% 109% [♦4s g stamped ♦Adjustment 5s Oct 1949 {♦Refunding 4s....... 1959 9 ♦Certificates of deposit..... ♦1st cons 6s series A.. 1945 M S ♦Certificates of deposit {{♦Atl & Blrra 1st 4s...1933 gu MS 8 7% 78 8 % 18 4% 94 3% 8% 43 9% ii, *Ref & 27 - « „ - - ' V- 88% *101% 88% .... 44% 97% 70% ,3 82 48% 30% WW - 88% F 100 100 164" 104% 13 93% 102% ""*6 ---- - 104" 107% 8% 20% 8 .... .... 15 * "II "4% a AH 101X 101% 101H 101% 102 110 110% « 4 4 * „ 4, ■ 1954 J Shell Union Oil 2%s debs J J 'w'WV 8 109% 113% 4% 8 16 101 101% 107% 22 96% 21 105% ■n n *•' - - s 106% 3 - *60 "93 105 M 7 97% 98% 104% 97% 6 70 Zi - 118 93% 92% -i. 105 105 6 .1946 iTSUesla Eleo Corp 6%s. .875s....... 1.00s :Nov mn Nov mn j.May' mn 1.25s 1.375s J *100 ......Nov. mn - 4. • »4» V- J1- • - - ^ • 166% *100 mn .....May zzZ'J 65% 78 82% 95% 105 108% 100 100 *99% . « - - ZZ Z ..May 9% 8% 1.80s...i........Nov 1 1946 mn *100 66 2% 4% 2% 4% - 1.758 .. - • M, 99% 100 99% 100 zz.±z *99% 1 1946 mn 3 96% 97% "72 99 w 99% 16 W _ W w'v m 111 108% 112 m 1 69 54% <m 90 84% 90 67 6 65 107 17 106 109% 44 60 80% 80% 35% 35% 64% 61% 52% 84 74 78% 68 38 13 32% 32% *61% 61% 5 78% 32% • 77 32 60 31% 73% 30 61% *80 Z'Z mZ*~ Zj-jm ^ 10 .... 80% 80% 32% 30% 30% M - — 30% 10 30% 24% 24% 5 7% 23% 45% 74% 27 7% 21% 7% 20% 7% 24% 24% + «l 30% "~4 30% 24% 30% *72 - 23 h 12 25 Z W ..... *72 • H I; 23% 23% 22% 22% 22 ""25 21% 21% 22% 22% 22% 22% 22% 21% 21% 21% 22% iv 21% 22% - - 20 47 22 12 r 17 22 26% 75% 74% 24% 23% 23% 22% 22% 23% 94% 20% 7% 100 10i" 100 100% 102% „ 1.95s.......... .May 11948 mn 100% 2.00s... -Nov 1 1948 mn 102 .May 1 1949 mn -Nov 100% 102% 100% 2 1 1949 mn .May 1 1950 mn 100% 100% 2 100 2.20s.. .Nov 1 1950 mn 102 102 5 100 27 2.25s.......... 2.30S.J........ .May 1 1951 mn *100% :i ZZZ "Z zz'~z 85 -Nov 1 1951 mn *101%/ 102% zz z~ .May 1 2.85s. 99 104% 104% 103% 107% 102 106% 2.40s .Nov 1 1952 mn 2.45s... .May 1 1953 mn 119 101% 102 105 2.50s...... .Nov 1 1953 mn 101 Mil South Bell Tel & Tel 3%8.....1962 3s debentures 1979 107 107% 105% 105% 105% 105 105 105 104 .May 1 1954 mn .Nov 1 1954 mn *102 2.65s..'. .May 1 ... 1955 mn 100% 104 102% 100 101 *100% *100% *101% 103% 103% 100% 104% 100% 104 101% "ZZZ~ 10 101% 100% 2.55s... 106% 'jZ'L'Z'r.' *100% - 2.009.....I 122% 106% 109% 103 109% Southern Colo Power 6a A. 1952 mn 96 27 92 97 82 36 51% 89 33 66" Z'Z ZZy.- 1963 A/ S 1st mtge 3%s series I.- w- .... 66 ii... *98% 'Z 1 w 38% 65 73% 106% 108% " Z +■' n 122 6 107% 107% 2 112 »4 •» 122 *110 31 .... — m rt tm 122 128% 107% 111 110% 114 I960 / J ZZZziZ 111% 111% 1952 A O 88% 87% 88% 35 87% J 97% 97% 98 35 97% 104% M S "18% 1946 A/ Maryland 1st 4s P 18% 80% " 5%s series A...... 1977 {♦Western Pao 1st 5s ser A.... 1946 Western Union Teleg g 109% 112% 4%s...l950 25-year gold 5s 30-year 5s... 104% 104% Af N ..1951 J 79% 101% 4 20 18% 17% 80% 83 D .....1960 Westlng'nouse El & Mfg 2%s..l95"> If ♦Westphalia Un El Power 6s. 1953 J 59 19% 81% 79% 242 83% 81% 101% 82% 101% 95% 23 27 45 69 zzz Zz Z "• ZimZ *>~ 'ZZm w — „ Registered "39% 41 49 39% 40% 39% 2361 J 40 9 West Va Pulp & Paper 3s.....1954 J-l *100 103% Wheeling & L E RR 4s„.....1949 M *111% 114 ser 93 B—1966 Af Conv deb 3%...- 93 93% 104% 104% 1947 A 30% 29% 15 86% 89 74 86% 100% 101% "21 5 Z~*. - -. J 27 16 56% 35 7% 34% 33% 6% 6% 108% 107% II-II- *12 52 92% 96% 103% 107% 102 104% 114 Wisconsin Elec Power 3%s...l968 A Wise Public Service 3%s .1971 J J 3 41% 39% 101% 105 112% 115 104% 109 *108% : gen 4s...1949 J ♦Certificates of deposit.. {♦Su & Du div & ter 1st 4s..1936 A/N ♦Certificates of deposit... {♦Wor & Conn East 1st 4%s..l943 15 71% 73% 15 ■ j" 2361 103% 107 " J With declaration West Shore 1st 4s guar 115 35 44 27 43% 34 30 20% 42% 8 25 7 6% 13% 6% 13% 108% 111% 107% 1 106% 110 **** .... 4 6% 109% ""*• Youngstown Sheet & Tube— 102 100 w'+Z - 102% Z v, vi-, ZmZ 103% 100% 104% 101 103% ' m'Z *100% ZZrn W H. " 103 ZZZY 1948 1st mtge s f 3%s ser D 103% 100 102% 100% 103 54 2.10s 95 80 87 100 1960 101% 99% 99% 102% 15 100% 103% 100 30 96% 103% 100 45% -2.15s 91 * 3%s_. .2000 F A West N Y & Pa gen gold 4s...1943 A 100% 102% 11 100% *100% 97 77% 14 102 100% 1 1947 mn v 23% 19 102 *100 May- 1 1947 mn Nov ----- 20% 84 ■S- M S 102% *100 1.85s. 99% 101% 95 10 100 98 3%s.......l945 F A 'V-ww-W 1st 40-year guar 4s... .1945 F A ZZZ'~Z* Westchester Ltg 5s stpd gtd_..1950 122 D Gen mtge 3%s_...........1967 D W « 100 ' 1.90s.-.. 2.05s 100 S ):86vi'' 84 O .4 {♦Wis Cent 50-yr 1st 10' % 101 100 100 5 101% 1947 111 109 z - 109% 68% Z* 65 78 Winston-Salem S B 1st 4s.....I960 J 100% 100% 100% 101 10 105 z.*- Z~ » 106% 32% 32% Washington Cent 1st gold 4s.. 1948 Q A/ 100% m 29% 1950 * *88 - 67 O 1955 A Conv deb 4s. 4% A Socony-Vacuum Oil 3s debs...1964 South A Nor Ala RR gu 5S...-1963 - — 1980 AO ♦5s assented 114% 112% 96 100% 96% 101% 102% 107% 104% 107% *99% . 2% *2% ..1952 Skelly Oil 3s debs z *80 debentures-...-........1955 Wheeling Steel 1st 3%s 17% {{♦Sileslan-Am Corp coll tr 7s.1941 Simmons Co deb 4s.. - 105% Wilson & Co 1st M 4s A...... 1955 J mn 101 10% 99 m *62 .... - (assented) Warren RR 1st ref gu g •S ...May *100 17 ♦, ♦Siemens F 98% 104% 98% 105% 110 7"j {{♦Warren Bros Co deb 6s... 1941 107 110 31 2%»8fdebs............... 1961 J J fShlnyetsu El Pow 1st 6%s...l952 J D & Halska deb 6 %s., 1951 M S 32 ^ j"j Warner Bros Pict 6s debs...,.1948 M 109 w 104 97% J *100% 114 "96 % 25 100% 91% 90 31 *100% *101% 119 6s 1st & ref 59% mn 5 2% 100 Wash Term 1st gu "104"' mn 5% A 21% w' * "26 80% 103*3j 104% * Nov 14 3% 5% - *80 1.60sMay 4% 4 li •Jiui 1.025sJ 13% 1935 F A ♦6s 8eries B certificates 6% Zz~ - 99% 98% *108% (assented) gen 5s series D ♦Ctfs of deposit >..v; {♦Seaboard All Fla6s A ctfs... 1935 i- 25 51% 33% 33 98% 08% dep (reorg mgr).. ♦Ctfs of deposit 11% 24 99% 101% ----- 7% 0% 4% 5% *100 Af 8 (Del) 5s .75s 15 15% 1% 13% '■ 121 65 Serial debentures H 3% 2% 4% 3% 3% 13% - 31 33% 20 20 % 99% ♦Ctfs of deposit 23% (assented) ♦Ref gen 5s series B. 1976 FA 22% ♦Ctfs of deposit (assented) 'Z'Zz-J* w ♦Ref & gen 4%s series C-... 1978 AO 21% 74% 46 »% - 96% 100 ♦Ctfs of dep (reorg mgr).{♦ Wabash Ry ref & gen 5%s A. 1975 A/S 96% 104% > United States Steel Corp— 99% 102% 100% 121% 124% 10 % "T% 12 56% 15 48% -ii. U N J RR & Canal gen 4s 1.125s.. 9% 40 11% 5% 70% *124 1950 1950 -47% 99% 108% 57% 75% 57% "75 38 59% 103 113% 6% 101% 34-year 3%s deb a O 35-year 3%s deb.. .1971 MN Ref mtge 3%s ser A......* J d United Biscuit 3%s debs..... a o United Cigar-Whelan Sts 5s. a O ',fw {Seaboard Air Line Ry— {♦1st g 43 unstamped... 42 59% 56% 12% . 99 60% 103 -48 36 a j ... United Drug Co v.. 4% 106% Scioto V & N E 1st gu 4s.....1989 MIV 57% 57% 78 99% ; 1st & land grant 4s 64% 41% 22% 2% * S 57% AO ... 13 77% 33 . 99 102% 107% 102% 107% 2 a Union Oil of Calif 6s series A.-1942 f 3s debentures f % J 99% 38 47 i 99 9% w I High 33 - " 194i' 94% <2 1971 a/n 9 13% 14*" 99 Z«y 4pm*;.* {♦Dcs Moines Div 1st 4s... 1939 j"j ♦Ctfs of dep (reorg mgr).. {♦Omaha Dlv 1st g 3%s.._. A "O ♦Ctfs of dep (reorg mgr) {♦Toledo & Chic Dlv g 4s.. 1941 A/" S 102 87 * - "77% ♦Ctfs of dep (reorg mgr).. ♦1st lieu g term 4s.. 1954 ♦Ctfs of dep (reorg ♦Ctfs of y 9% - 104% - 102 M s 49 29 & ref g 5s series A.... 1990 J St Paul 4b Dul 1st con g 4s f 7s... Union Elec ,Co of Mo 3%s {{♦Union Elec Ry (Chic) 5s.. s 119 77% 104% *104% 104% 2 Z*, - « 98% "1939 f"a mgr).. {♦Det & Chic Ext 1st 5s.... 1941 108% 112% ■' . No. Low ^ w- • Jan. Z 1939 J/N *Ctfs of den (reorg mgr).. {♦2d gold 5s.... ...... - r 195 53 87% 105% 105% « Since C5 oqcc W i West Penn Power 1st 5s E 9% 53. 102 7 O ... 1966 M S {Wabash RR Co— {♦1st gold 5s - Western 10% 77% Virginian Ry 3% series A 123% 128% 108% 113% - • 109% A/n 9% J J «.« U 4s registered {♦1st term & unifying 5s.. — 1952 - - 25 j 1952 F 9% 10% 10% ♦2d 4s lnc bond ctfs.i-.Nov 1989 J m ivl 10% 8% 9% 10% ♦Ctfs of deposit stami)ed- 726 9% {♦St Louis-Southwestern Ry— ♦1st 4s bond ctfs ...1949 f 7s. IfUllgawa Elec Power lien 4sA 19 123% - *85% 52% 70% St L pr 43 ' 102 j ."/ b Trl-Cont Corp 5s conv deb A.. 1953 j 79 % {♦St L-San Fr '? 32 .... f - u... ....... Va Iron Coal & Coke 1st g 5s..1949 M S Va & Southwest 1st gu 5s.....2003 J J 1st coas 5s..._i.1958 A O Walworth Co 1st M 4s Trenton G & El 1st g 5s 30 J 14 1953 J d 70 78 1955 J 81 65% 109% 112% 104% 109 30 36% 102% 102% 102% 106% 103 105% 100% 109% 100% 104% 5 2 104 86 72 5 ' 109% j • |a High Z Range or Asked V 89 78 107% *120% j 64 30 . w ..1951 Vandalla RR cons g 4s series A. 1955 F A Cons s f 4s series B.• 1957 M iV Va Eleo & Pow 3%s ser B.-...1908 M 84% 78 80 102% 105% 104% *108 o 53 St L Pub Serv 1st mtge 5s..... 1959 M S Rocky Mt & P 6a stpd.. 56% 74%. & Low Utah Lt A Trao 1st & ref 5s....1944 Utah Power & Light 1st 5s....l944 "86" "94% ""25 30 *103 o a 60 69% r30 T & N W 1st gu 5s.. 1948 J assented A 70% 80 107 t! 4 J 5s......1937 / g 55 68%. 69% 68% 88 106 57% ^♦Tyrol Hydro-El Pow 7%s..l955 4s..-..1933 MAT ♦Certificates of deposit 71 56 110% 56% 52 g 29 136 104 104% Tol St Lculs & West 1st 4s.... 1950 a o Tol W V & Ohio 4s series C-... 1942 m S Toronto Ham & Buff 1st g 4s..1946 J d St'L Iron Mtn & Southern— ♦{Riv & G Dlv 1st 57% 55% 55% 82% ^[Tokyo Elec Light Co Ltd— 107% 112 107% *35 39% 39% 48% 133 80 ?. 102% 104% 104 o > St Lawr & Adir 1st g 5s 1996 2d gold 6s..............-.1996 355 79% 30 a 1960 / Tol & Ohio Cent ref & impt 3 %sl960 93 ♦3%s 40% 189 110 - 5s..,.2000 J d 1st 6s dollar series 93 Bid 9 4% Saguenay Pow Ltd 1st M 4%s_1966 Friday's Price •So. ♦Sees f 6%s series C...-...1951 ♦3%8 assented C....... 1951 ♦Sink fund deb 6%sser A... 1947 ♦3% assented A...1947 United Stockyds 4%s w W....1951 53% 48% 105 58% 75% 105% * - f g s ♦Adj income 5s {♦Third Ave RR 1st 31 "3% "3% vi j 1944 f Third Ave Ry 1st ref 4s 110% 8% 16% 7% J J 110 107 *108% 9% v J Gen <fcref 5sseries D1980 / d Tex Pac Mo Pac Ter 5%s A...1964 m s 109% 109% *108 J D Gen & ref 5s series B.i.....1977 a Gen & re 5s series C 1979 a *108"" O A 1949 J 82 34% 44 v 18 . 79 2% debenture -.1953 j J Studebaker Corp conv deb 6s..1945 J j Swift & Co 2%s debs.........1961 a/n 50 . : j Texas & Pacific 1st gold 38% 1977 M £ 3%s series H.....1967 M 5 78% 48% 36 Gen mtge 3%s series I.....1967 M 8 Gen mtge 3%s series J -.1969 M S {{♦R 1 Ark & Louis 1st 4%s._1934 M S 75 Stand Oil of Calif 2% debs....1966 f A Standard Oil N J deb 3s...... 1961 J d 102% 107 6% 9 104 57% 74% -78% *75 J Tenn Coal Iron & RR gen 5s.. 1951 j 36 Roch Gas & El 4 %s ser D.. 11 "88*" ""48 "86% 58% 0 40 103% 59 „ "87*%" •■> o I Term Assn St L 1st cons 5s J g -61% '59% 4s...,1953 J J Ref & impt intge 3%s ser B. 1974 j ./ Texarkana <fc Ft S gu 5%s A...1950 -fa Texas Company 3s deb.......1959 a o 3s debentures ...J.. 1965 a/n Texas & N O con gold 5s...„i j ./ 6% D Range Sale Railroad & Indus. Cos. (Concl. 15 4s.. 1939 J J*8t L Peor j 17%26% i 17% 7s ii 0 26%.i 6 — { {♦Rio Grande June 1st gu 5s .1939 J 259 37% 76 231 26% 14% 27 15 A 103 % ♦Spokane International 4%s._2015 33 6 1955 AO s f ' 6% Richfield Oil Corp— 4s s t conv debentures..-...1952 M 8 Gen mtge .4 J 1950 Mem Dlv 1st g 5s.„ ..".1996 j St Louis Div 1st g 4s. j-.-..1951 J So'western Bell Tel 3%s B--.-1964 j 1st & ref 3s series C-.1968 j 103% 105% 102 106% 96% 102 7% 28% ....... ♦Cons mtge 6s con 4s.4- Y. 101% 103 102% 104% ♦Direct mtge 6s.. .........1952 J/N With declaration 185 79% 83% a 78 78% ./ Devel & gen 6s.1956 .4 Devel & gen 6%a.....^. 1956 a 7514 Gen mtge 4%s series C..... 1956 J/N Revere Copper & Brass 3%s__. 1960 MN 1|*Rhelnelbe Union s f 7b..__-. 1946 J J ♦1st j So Pac RR 1st ref guar 4a.-i:1st 4s stamped........... 106 72 1st M conv 5%r... 1954 MN With declaration 45 224 San Fran Term 1st High Week's Last fc.8 STOCK EXCHANGE Week Ended Dec, 26 108% 111% 103 65% ♦Coils mtge 6s...--..-....-1963 V 45% 43% 218 67 J 43% 218 109% Y. . 10-year secured 3 %s. 65% f ♦Rhine-Ruhr Water Serv 6s.. 1953 ^♦Rhlne-Westphalla El Pr 7S..1950 44 47% 46% Gold 4%s...-.,..i....... af-n -.44% Gold 4%sl___._............1981 44% MN 65 % 1946 J 48% 45 46% 82% p 47% 45 46% 45% 153 1997 ♦3%s assented....... 47% d 109% 112% 104% 108% *104 No. Low .45 ./ 142 1997 series A. t*Rima Steel 1st 11941 m's 87 BONDS N. . Jan. 1 Tun Steel Wkr Corp 6%s A. .1951 5% 87 Hiyh ' ■ Friday Range Since' Bonds Solrd Asked ; 97% 2% 85 218" 218 J Remington Rand deb 3%s.--- 1956 Republic Steel Corp 4 %s ser B. 1961 rnon :• 1* j" * J Southern Ry 1st cons g 5s j ./ Devel & gen 4s secies A.-.-.1950 ao Gen & ref 4%s series B Pur ' & Low ' 152 Reading Co Jersey Cent coll 4s. 1951 Gen & ret 4%s {Cont.) Bid Price 110% R : 1 Friday's . 110% *63 ./ 1948 J Southern Pacific Co— 77 107 2% Railroad & Indus. Cos. High '90 90 110% J 1st & ref mtge 8s.-........2037 J I) Pub Serv ol Nor 111 3Mis.. 1968 A O f deb 5s 50 106 108 guar s No. Low Inter st Period EXCHANGE Week Ended Dec. 26 Jan. 1 03 OQ 80% 106 deb 4S..1957 M N {♦Providence Term 1st 4s..... 1956 M S Purity Bakeries Asked Range or Sale bonds N. Y. STOCK Since High 78% "90 J Public Service El & Gas 3%s..l968 J 1st & ret mtge 5s .......2037 J tfe >, Range or Week's Last Week's Friday ' 1715 100% 104% 102 104% a Deferred delivery sale not Included In the year's range, sale not Included In the year's range, year's range, r n d Ex-Interest, e Odd-lot Under-the-rule sale not inoluded in the Cash sale not Included in the year's range. { Negotiability Impaired by maturity. 1 The price represented Is the dollar quota¬ tion per 200-pound unit of bonds. Accrued Interest payable at the exchange rate Of $4.8484. iv:;./<■ ' , { Companies reported as being in bankruptcy, receivership, or reorganized under Seotion 77 of the Bankruptcy Act, or securities assumed by such companies. * ... Friday's bid and asked price. ♦ Bonds selling flat. No sales transacted during ourrent week, * f Trading suspended effective Dec. 11 in all issues of German, Italian, and Japanese bonds. The Bulgarian and Hungarian issues were suspended on Dec. 18. NEW YORK CURB EXCHANGE WEEKLY NOTICE—Cash and deferred delivery sales are footnote in the In the last week In which they occur. we furnish security, whether stock Friday Par Week's Range for Sale v/C or bond, in which of Prices Low High Price dealings have occurred during the current year. Friday Week Range Since Jan. 1,1941 | STOCKS f {Continued) Shares Low High . Par ; Week's Range for Sale of Prices Low High Week Price A $3 18% 1 Air Associates Inc ■ '*'■ 40 v (N J)--l ''V ''' •, preferred. Low Shares ~"ili "1% ""GOO % conv preferred......* *4% Dec Dec 6% 3% 6% 6% 700 6% Dec 12% Jan Aluminum Co common...* 1 1% 1,000 1 Apr 1% % 1% V 300 200 Dec Jan 103 1% 14 Aluminum Goods Mfg-..* 132 Jan 26 Sept •u Jan 91 Sept 111% Mar Mar Dee Feb ...... "100% i"6(")% 91 ._..* 1719. 91 10 20 Feb Nov 75% 100% 94% Jan Mar 18% 4 Altorfer Bros common...* for of Prices Low High Apr May Range Since Jan. 1,1941 Week Par 2% Oct Amer Box Board Co com.l 1% Oct Price Low Shares 800 3% High Deo 5% July American Capital- 3% 3% 3% Nov %j Sept •u 10c 10c 2 Apr Common class B 21 Dec 22% Jan $3 preferred.. $5.50 prior pref... 1% May """260 * 33S Aug 6 Dec 11% Mar 62 ""*6% "0% -* Dec 68% Jan Feb Feb 4% May Amer Cities Power & Lt— 6% 20 IPeel's Range Sale High Jan "~6% Last {Continued) Class A common Allied Products (Mich) ..10 Class A conv com-...25 1,600 %3 page July ""560 * For footnotes see 22% 3% 6% 3% Alabama Gt Southern..50 $6 23 Dec "~5% """5% "5% Warrants Alabama Power Co $7 pf_* Mar Jan Jan Air Investors common...2 Conv preferred 16% 20 Alnsworth Mfg common..5 ' 18% Mfg Class A .1 Class B • Allied Intl Investing— Acme Wire Co common.10 Aero Supply STOCKS Range Since Jan. 1. 1911 2% May Alliance Investment.--..* |y:| Sates Friday SUiet Last Alles & Fisher Inc com...* fM; t, (( ^ the New York Curb Exchange for the week beginning on Saturday on It is compiled entirely from the daily reports of the Curb Exchange itself, and is in¬ any sates Last STOCKS RECORD such sales in computing the range for the year. complete record of the transactions a (Dec. 20, 1941) and ending the present Friday (Dec. 26, 1941); tended to include every YEARLY disregarded in the week's ranee unless they are the only transactions of the week, and when selling outside the regular weekly range are shown In a No account is taken of following extensive list AND preferred.......100 Aluminum Industries com * Aluminium Ltd common.* 6% 96% 113% "~4% Dec 155 Jan Conv class A. 25 11 700 *106% Dec 116 Jan Class A..—. -25 12 Mar i 10 100 4% 68% .-.100 % 4% 900 65 50 85 85 20 200 5 69% 85 a 300 21% 140 Dec *k 20 Dec May 18% 7% 76 Dec Amer - 10% 10 % 1 550 10% 1,250 10% Dec Dec 28% 26% 6,400 % Nov % Jan Jan 41 Aug "39% 8^300 31 Feb 42% July 1,000 15% Apr 29 Nov 1,600 hi Dec Cyauamid class A.10 "39% "37" Apr »u Sept 35 Class B Oct 99% Nov Jan Sept 12 11% *32 35 2,300 94% American Beverage com. .11 American Book Co .100 preferred 92 97% 111% 113% 12% 12% Jan Amer Export 19% Lines com..l Amer Foreign Pow warr... 3e< % 21 3M *i« Jan FINANCIAL CHRONICLE THE COMMERCIAL & Tuesday, December 30, 1941 NEW YORK CURB EXCHANGE Sale (Continued) Par Fork & Hoe com...* Gas & Elec.—10 4%% preferred..—-100 > >c preferred..—-1 Amer Meter Co 525 17% 200 10 10% Am "20% "20% "m 1 450 800 2% 2% 2 X X % 7 % 6% 32% 85 5% 1% >m 42% May 1% Dec 2% Dec 104 Dec Mar Dec "is 50 Dec 6% 1,200 Jan Sept 8% Sept 3% Jan v 7% 5% 4% , 100 300 $5 preferred. '61 4% Jan 12 11% Aug 6% June Nov 12 Oct 3% Dec 2 Jan 5% Apr *64 Dec % >i5« Dec % Dec % 1% x„ Dec 1,600 1,200 3% 11,400 20 % 19% 20% 175 1,300 14,700 72 May 110 Carman & Co olass com.-.5 Atlas Plywood Corp. * Auburn Central Mfg.....* Automatic Products..... 1 Automatic Voting Macb—* X 4i« '16 Fcrge "nx "l2% *13% """766 1 % "*2% com.6 2% 2% •' >>i» Jan Oct July 19 Mar 5% Sept 2% Dec Dec 4% Aug 11% Dec 4% 17% 13 Nov 16 ; Dec 2 150 25 Dec Warrants July Jan Jan % 21 Collieries 1 4% Dec 20 470 23 5 20% 4% Oct 3% 400 36% 9 Feb Apr Sept ■ 6% 6% 7 . 27 Baldwin Locomotive— Purch varrants for com 26% 27% 3% 3% 23% 1,600 1: 4 5,800 3% Co com.l Barium Stainless Steel—.1 Barlow & Seehg Mfg— A com.....5 Basic Refractories Inc—1 conv 3% ""% Dec 32% Dec 7% 37% 6% Dec 1% 2,700 % Dec 7% 450 7% Dec 11 6% ■\ ""% "~ht Jan 10% 7% 7X July Jan Mar Jan Jan Brummell Ties Inc.-S Cent i :,;*256 : % % 1 Strip Co 2% 103 Aug 110% 9% Mfg—-—-25 Flexible Shaft Co 5 Rivet A Mach...4 .-4. 45 4% Dec 10% W) common—. com..—1 pref— * Blumentbal (S) & Nov 6% 3% Nov 8 600 v. ;■ •. Jan July 500 2% 16% 3% Dec July June ""3% "T%" '""3OO "2l" '"""56 2t" "T% "i'x "i% % .. . 4 Dec June X- 6 , 95 Jan 10 Feb H % 25 117 Sept % Dec -% 1,400 Aug Feb *ii Dec Dec V11 % Jan 2% Jan % May . Dec % Mar 14% Sept . • Jan' -Dec 375 11% 3% 2,900 V 3 9% Apr 4% Mar I Dec 5% 9% Dec -/ Dec 14% 110% Dec 2% 300 4% 2% 500 75 400 45 Dec 73% 1,000 4 Dec 10 Jan X 200 ., ? : 5 :T X 475 2% 54 4 400 8 2% 51% t Jan Jan Jan Jan 400 . 10 80 48% 75 1. 45' % 18% 6% Dec 5% June 10,700 2% 900 Dec Feb 48 48 Dec 83% 7% Feb 2% 84% 20 87 84% £89% * 10 1 City Auto Stamping City & Suburban Homes Clark Controller Co 1 72% % ""4% "T% """700 4 % Dec Feb w * "34"" "32" "4% 3,800 X X 1 5,300 6% Dee 1 % 4,000 % Dec 43 41 43 600 40 Dec 24% 24 27 2,300 24 Dec Eastern States Corp 11 >ie Nov 200 11% Dec 11% 11% 450 11 Dec 2% 2,600 *32 11% 11 11 2% Easy Washing Mach B. 1,400 2% Economy Grocery Stores.* Elec Bond & Share com 2% Dec 54 1,800 47% July $6 preferred. ..—. 54% 54% 56 5,100 52 July Elec P & L 2d pref A... 3% 3% >16 >i. — X -J % 600 3% July July July Aug Equity Corp common..10c $3 conv preferred ^1 21 4 *32 '32 15% 1.325 2% 1,900 Jan % Jan 8% July 2 Aug 5 Commouw Community Pub Service 4% 2,200 600 13% 1% Dec Dec 96 10 May Mar Jan ^ : . 34% 34% Nov Oct 6% 4 Jan Aviation 8 6% 3 14% 500 Nov 13% Jan Apr 40% Mar X 8% 1% .1 1 Fanny Farmer Candy Fansteel Metallurgical...* 5% Oct Fedders Mfg Co. 5 July 5 Fed Compress & W'h'se 25 120 Dec Dec 2,300 12% Dec % Dec 18 200 2 7% 1% 8% 2 3.000 1% Dec 7X 200 5% May 18% 5% 19% 5% 300 18 % Dec Dec 3% 5% 1,000 1,400 1,500 1% % 4% 8% Sept 6 > Nov 20% % Apr 4%% series B pref..100 4% pref series C——100 Consol Gas Utilities 1 Consol Min & Smelt Ltd.5 Consol Retail Stores > Jan 38% Oct Dec 8% July 3% Oct Consol Royalty 41 Oct 38% Jan Consolidated Steel Corp.* Continental Gas A Elec Co Feb Dec 8% Nov % Jan 7% prior pref-. 100 Continental Oil of Mex.. 1 Dec 5 18% May Dec 6% '""loo % 4% . %4 1,100 % 4% % 200 -IX 1 5 700 1 % 3% 2,100 5% Jan % Jan Feb (y: 6% 11% Feb July July Sept 20% 7% 8 5,000 Co.* 1% Pref erre d 47 SUOO 1 30 Apr Feb 1,200 *16 1% Feb 3 2% 2 * Nov 20 "\k "T% 46 Dec 2% it 4% Aug % July 63 Aug .* 11% May 14% Nov Jan 31 Jan 10% July 12% Apr H * 11 11 200 8 100 May 10% Sept 6 ord bearer £1 dep rets crd reg..-£1 July 8% Oct Dec X Jab 15 Feb "2'm 1 Dec 16% 2% 1,400 7 July Jan Aug 100 British Col Power cl A.. Wire com.l preferred 1% 7% Distillers.1 1% 7 1% 7% 1% 1% May £24% % - RubW Co com.. common.5 X % 2,500 9 % Bruce (E L) Co 11% 4 Dec Sept Sept 1% Mar 14 Sept Dec 1% 1,400 $6 preferred 2 46 Mar Mar Dec 69 -50 35 35 50 35 2 Dec $1,60 preierred. 25 ♦ 12% 85% 12% 12% 85 86 24% % ht June 9% 9% 9% Burma Corp Am dep rets.. ~"x % % pref 400 12% Dec 85 Dec Corp..12%c 9% 1,100 Dec 9 12% 200 9% 300 % Dec Dec 10% % '16 1,400 % Nov •i» 9% Mar Dec 105 105 1% 23% 1% 23% 2% f 1% 23% Am dep rets ord reg—£1 oCe % Cables A Wireless LtdAm<l*o6%% orefshsil For footnotes eee page % % 200 % June % May * % 1719. Feb % Corroon A 1 3,900 9 X 75 9% 19 Co..5 '""960 "I Jan Dec Apr % Jau Frcedtert Grain & Malt- 9% 9% 150 9% 19% $3 conv stock.. 200 100 , 8% May 18 May 9% Dec 25 28 Feb 45 Dec 90 45 45 50 90 90 10 Jan 13% Jan Mar Mar 33% Gamewell Co 56 conv pf.* 400 Feb 1% 5,400 Dec Dee 21% June 2% Gellman Mfg Co com General Alloys Co. * Jan Gen Electric Co Jan Oct Feb ord reg.£l Gen Fireproofing com...* Gen Gas <fc El $6 pref B—* Sept General Investment com.l 119% 111% 1% 30 4% Sept 107 4% 80% 90 ""7% ""7% 79 79 1% Dee 8% Sept Jan 79 Dec 98 Mar Gen Rayon Co A ~~6% 19% $0 conv preferred * % 8% Mar Dec Dec 11% Jan 6% 6% 1,000 1% ""4% "5' Jan 6% Dec 11 Jan Oct 37 Jan 4% Feb 1*650 7% Dec 19% Dec Oct *16 Dec Dec % Dec % 1% Jan Mar Jan 9 Sept 10 77 1% >32 u 70 "33" Jan 2 Sept Dec 33 Dec 125 98 1% 14% 4% 1% 9 Sept 4% 1% 12% July 2% Sept 4,100 19% July Mar 7% % 3 % May >i6 Dec July Jan 1% 500 4 4% 2,400 % 1,600 »16 2% Sept 2% May % May 1% Dec Dec 4 »i6 Dec Dec , 6% Sept 1% Apr 22% Apr 12% 13% 6,100 Apr Feb 5% Jan Mar 1% 7 Jan May % July 10% July 14% Dec 2% 2% Oct Aug 7% May * ""6% "h'x 1,250 8 23 50 8 21% Feb 9 July 13 Aug 20 Mar 6% 21%. Dec 12 Dec Feb Dec 28% Jan 9% NoV' 3% 500 1 % 38 1 1,100 38 25 % 35 99% 8% debenture Derby Oil A Ref Corp com* A conv preferred * Detroit Gasket A Mfg...1 1 29% 7% 17% ... 18 18 100 """2OO >16 8% 100 Feb 19% Feb 4% May 94 >"l6 May >16 Jan 1% Mar 50 Gorham Inc class A 22 $3 preferred Gorham Mfg common.. 10 175 2% 14% Jau 25% June ""460 2% 2% 3,200 2% Dec 75% 82 126% 126% % % 30% 32 7% 7% 1,050 75% Dec '""2% "3" Grand Rapids Varnish...1 —10 24 21% ...... 2% Dec Great Atl & Pac Tea— Non-vot com stock...* 7% 1st preferred 100 Greater N Y Brewery.. 75% 126% % Gt Northern Paper 25 Greenfield Tap & Die....* 1 1 .120 550 300 Dec % 2,600 29 % 7% % 200 Dec Dec Dec Nov >66 Sept 1 25 25 34% "34% "37% "9/266 29 40 108 108 108 110 Mar Mar Dec Jan 5% 2% 2,600 6% — Gulf States Utll $5.50 pf 600 10% Goldfleld Consol Mines..! JGuardian Iuvestors 7 10 6 10 .... * Gulf Oil Corp 6% Jan Apr 40% Dec £3% Jan 7% June Class B $7 preferred— Jan 90 5 Godchaux Sugars class A 5,000 >» 101% 102% Gladding McBean & Co 400 3,500 16 101% Gilchrist Co Feb 1 21% Aug ~"io "33 Preferred.......—... % 5 6% June 100 (A C) common. 4% >n Darby Petroleum com 45 40 $5 preferred—.....—.* Gilbert 700 17 13 660 50 48% 100% 100% $3 preferred.—— 200 U 14 1% 4% 1.400 6 49 Grocery Sts Prod com_25c 2o 70 General Tire & Rubber- Gray Mfg Co 6% preferred w w Nov 52% May Oct 500 *32 50 100 ■a Gen Water G & E com—1 14 1 X X 6% preferred A—.—100 Dec Glen Alden Coal . .5 Mills. Dayton Rubber Mfg Class A conv........35 Nov Jan >16 71 ....1 Common 6 77 14% 4% 7% conv 20% 10% 40 '16 7 3,500 stocks—-£1 Creole Petroleum -5 Crocker Wheeler Elec—* Crystal Oil Ref com... $6 preferred 10 Cuban Atlantic Sugar...5 Cuban Tobacco com * Curtis Light'g Inc com 2.50 Curtis Mfg Co (Mo) 6 20 58 6% pflOO 2.50 % Adrs ord reg com..25c preferred—.25 10 Dec May 2,000 stock.. ""760 >16 14 Crown Drug Co 1,100 X *» 58 Gen Pub Serv $6 pref.i 7% Courtaulds Ltd— Crowley, Milner & Co...* Crown Cent Petrol (Md)_5 Crown Cork Internat A..* 13% 85 >16 * $6 preferred. 7 "7% preferred...50 conv 12% 85 13% 4 General Shareholdings Corp 77 5% 100 5 5 Oct Feb 4 1,700 5 5 >ie 700 % M6 Ltg— Amer dep rets July % June 1 Feb 73 Dec Jan Jan 2% Dec Dec Jan 49% 100 2 Dec 90 Gatlneau Power Co— Gen Outdoor Ad v 4% $6 preferred A. Cos den Petroleum com...1 Dejay Stores Feb 4.000 10 30% 1% "4% Deoca Records common. 1 Feb 1% 10% 9% 29% Feb Feb 9% .* voting— $6 preferred.. Dec Jan Feb 2% Gypsum Lime &Alabastlne* Mar H 3% Sept Hall Lamp Co % % May 1 Ford Motor of Canada—: Georgia Power $6 pref...* $6 prior preferred Vot trust ctfs— 1 9% Ford Motor Co Ltd—• 18% 17% 100 Dennlson Mfg cl A com.. 5 Cable Elec Prod com..50c Apr July 30% Dec 1,400 3 $3 prior preference- Jan 1 58% £96% .* Mar July 105 6,300 110% 113 Mar Feb 120 475 Fuller (Geo A) Co new..1 Aug 19% 99% Dec July June 62 Jan Jan 7 30 500 43% Davenport Hosiery 2 50 * Bunker Hill A Sullivan 2,600 99 Common.——..—....! Conv partic pref—...15 Buff Niagara & East Pow $5 1st preferred-. 3% 100 61% 99 Feb >16 Dec Dec June Bruck Silk Mills Ltd.... Buckeye Pipe Line (Phila).lO Florida P <& L $7 pref..—* Goodman Mfg Co British Celanese Ltd— Am dep rets ord reg..10s Brown Forman Steel— Co.* Cooper-Bessemer com...* Cont Roil & Croft Brewing Co British Amer Tobacco- Brown Fence & 13 60 1 Reynolds....1 35% June British Amer Oil Co % . % % 39% 110% 2,100 % 39% Cook Paint & Varnish Oct 100 Brillo Mfg Co common- % Cornucopia Gold Mines 5c 30% preferred— 4% July 4% Jan Sept Nov 50 650 100 Apr 30 Dec 1,000 *16 11% >256 200 Oil.J—-10 Copper Range Co6% 31,000 •;/ 1,050 "40% 1 Mar 400 Aeronautical—.1 Class B— Corp.l 1 com.* 1 >82 Machine * —-100 Brill Corp class A * Consol Biscuit Co 8% preferred... Bourjois Inc.......... Bowmau-Blltmore com Bridgeport Conn Telep & Elec 4 30 Mar 5% 35 19 5% preferred 800 200 1% Fire Association 7% May Mar Feb preferred.——— 1,550 30 Nov 9 X 30% 7% 1,400 30 Jan 4 1 —' 4% 1% 1% 15% June Secur- Common 32% 6% 7% 1st preferred—-.100 $5 2d preferred —* Brazilian Tr Lt & Pow...* Breeze Corp common--.1 Mach— Vtcexttol946— 4 1% 2% Dec 8,100 '16 14% Dec . Compo Shoe Conn Gas & Coke 29 Dec Dec Fox (Peter) Brewing 1,600 29 29 100 Co.--..25 Bridgeport Gas Light 2% 6% -2% % 14% Community Water Serv..: Consol G E L P Bait 3.500 6% 14% *16 25 Apr 200 7 1 Falstaff Brewing.. 4% conv preferred—-100 1% Sept 37 '"""25 >266 *16 Distribution.. 12% X May 5.000 « 1% '266 Warrants... Oct Aug Sept 24% Jan 5% Jan 114 Oct 1 Dec 1% May 2% 1 Franklin Co Distilling...1 1% % 13 2% 18 18 Jan 41 •, Falrchlld Class B Columbia Oil A Gas 1 Commonwealth A Southern Dec 21.000 14% Oct Mar 27 Jan Dec """266 4 Jan 7 60% 24 Feb 100 21% 6 14% Esquire Inc..... 1 Eureka Pipe Line com..50 Dec 25 100 5% preferred Feb Feb 72 4 24 450 Apr 70 21 1,020 65 Feb 200 97% 100 4 Class A non-vot 63% 3,900 Dec 2 67% 21 Jan 63% 1% Dec 80 400 4 6% preferred——...100 6%% preferred 100 7% preferred— 1U0 8% preferred...—100 82% Arms .25 Colt's Patent Fire . Nov 27 Empire Dlst El 6% pf 100 Empire Gas & Fuel Co— % Dec 4% May 1% Nov 63% Dec " 1% Dec >11 3,600 Elgin Nat Watch Co.—15 Elec Mfg.. 3% 9% Option warrants Emseo Derrick & Equip..5 Nov 7% 2,200 % 1% 9 2% % 4 ord... preferred...£1 conv 24 "38% "38% 7% 1st preferred Borne Scrymser 6% Jan Apr 97 400 """600 Colorado Fuel A Iron warr. Dec 14% % '7% Colon Development Mar 2% % "7% Utensil Co...* com.* Inc.* Cockshutt Plow Co Dec % 52% % 52% 72,700 $5 preferred..... Empire Power part stock * 6% 17 Dec Dec Dec Mar Jan 3% 2% 10 Mar Dec 30 y Apr "4,366 12 >16 * $7 preferred series A Aug 104 X May 5% Jan ""350 4% 4% Dec Mar 7% 8% 10 Falrchlld Eng & Airplane. 1 X % " t;;. ■ Eagle Plcher Lead— July 102 Dec 5% 13% Clayton & Lambert Mfg..4 Cleveland Elec Ilium * 2,800 East Gas & Fuel Assoc— Eversharp Inc com 84% "T% Dec Dec % June 6% % Electrographlc Corp.....1 2% 1% 72 ! Eastern Malleable Iron.25 112 Apr ■ he 3,700 1,250 X 54 .606 100 % Corp common.1 4%% prior pref 100 0% preferred-—*—.100 Dec ...73 *16 % % Dec July Duval Texas Sulphur—..* Jan Dec 70 100 *256 \ I ""x Nov 13% Apr . :.„700 :•* Dec 21 109 " 100 Comraon.i • Dec 2% 5% 1,500 2,900 . ^ Jan 20% Apr >256 7 pref.* * Cities Serv P & L $7 $3 X Co—.* Bohack (H C) Co com_. Burry Biscuit Dec 3«; Jan 5% ;; *i« •' - '2G6 Mining—1 preferred 100 Cities Service common..10 $6 preferred ——* 60c preferred B_. .* $6 preferred BB-—* Childs Co 4% 32 Blue Ridge Corp Buroo Inc $3 Dec Feb V, 3% - 4:4 Chesebrough 3% 3,000 2% 14% Blauner's common..... Brown Duro Test Emerson Charls Corp common...10 12 % 23% Foundry Machine Co com....* Class A 5% 3% Apr May Apr * Aug Birdsboro Steel Am Apr Nov 113 6% • 11; 5 - '16 V'. '29.100 Cessna Aircraft Co 150 97 Furnlture.l Bickfords Inc common...* $2.50 preferred -* Am dep rets 7% 44 Oct "7<f • % % 10% Chamberlln Metal Weather 100 8% 2% Berkey & Gay ? Oct Feb 110 100 400 13% 14 100 & Hedges com...* preferred...— OlftSS 100 1,500 7% preferred....: J. 100 1(M) 2% 6% ...6% , 100 100 6% preferrred 7% preferred Conv preferred 8 : 8% Bell Tel of Canada 7% 5% 4% $6 preferred series B.._* 7% Pfd 100 Util 50c States Elec com 1 4 8 20 Brewster "2l" 10 Dublller Condenser Corp.l 7,366 AX "731 ~6% Cent & South West 20 4 10 $1.50 conv pref.. 20 Beech Aircraft Corp .1 Bell Aircraft Corp com—1 Bellanca Aircraft com 1 Beaunlt Mills Inc com.. $3 opt conv Driver Harris Co Columbia Gas & Elec— May "Ludwlg" Baumann—See & Draper Corp Aug 35 •106; Cleveland Tractor com..* Feb 2% 32 Baldwin Rubber Bliss (E "3% 1% June Aug 17 Cohn & Rosenberger pieferred.——30 Conv 3% Nov 108 Cent Pow A Lt Club Alum Benson reg—£1 ,.„——* July % 10 200 6% 5% B Beau 5% 3% Nov 10 1 Fiat Amer dep rets Babcock & Wilcox Co $1.20 121 Feb Dec Cllnchfield Coal Corp.. 100 7% '""iO0 Dominion Bridge Co Ltd.* 10 Claude Neon Lights Inc.. common—,..10 2% Jan Axton-Fisher Tobacco— 10% 61 Dobeckmun Co common. 1 -.20 40% 2% $6 preferred 800 2% 11% 13 11% 13 Sept 6,000 .•/: £% June % i*4% ""4% "".4% * 5% Chief Consol 1 1,800 2 TlX W....25 x-w...-26 6% preferred w 2% 6% 2% July July 2% T.Ioo 2% Dec *16 " 1 * Cent Maine Pow 7% pf 100 Cent N Y Pow 5% pref. 100 Cent Ohio Steel Prod- 29% 9% Deo ,2% Dlvco-Twin Truck com„ 1 1 50 110% .110 Cent Hud G & E com Chicago 11% Dec 2% May Am dep rets ord Jan I-'.' Chicago 4% 10% 11 Mar ib". 600 •: 40% 110 Co common. 1 Aug Jan 1,300 11 29 Durham Hosiery cl B com * N $6 preferred— Nov Sept Nov Nov 10% 5 A... Casco Products 3% % >a« 10% 7% preferred-10 Diamond Shoe oominon..* 15 ,200 8% 8%. T,i Cherry-Burrell common..5 5% 3 X Jan 300 >16 De Vllblss Co common.. 10 Jan 2% B—. Class Jan 3 3 warrants 10% 10 Dec 3,200 % *16. 8% Capital City Products.. Carlb Syndicate 25c Apr 17 3% Jan Apr 2% 2% 2 Jan ' 108 3% Jan Jan Jan % Sept Jan 1% Co..50 Corp 1 Jan 114% 410 Carrier Corp common... 1 Mar Co Atlantic Ccast Line Class A 7% preferred——..100 100 Canadian Marconi Carter (J W) Nov 65 Pret---100 Atlanta Gas Lt 6% pf_ 100 Atlantic Coast Fisheries.. 1 Jan >82' JDetroit Paoer Prod....1 Dominion Steel & Coal B 25 Aug July 9 1,400 '16 3% 18% Dec % 1 % Det Mich Stove Co com—1 1% May Sept % 96 23,000 Laundries of Amer Assoc Tel & Tel class A- * Atlanta Birmingham & Jan Dec "" - 1 Apr 600 Assoc Ayrshire Patoka Class B non vot Carolina P A L $7 pref. 79% June 7% June 5 Dec 1,800 *m 3% ^- w 1% 1% Carnation Co common—* July 10% June 1 1 * Class A * Canadian Industries Ltd Conv pref optser Gas & Elec- Common...—... «, 2% 2% IX Oct 2% 800 4% Mar Aug Low Shares Gray Iron Fdy—1 13 2% Jan July 19,000 5 4% 5% 2% Detroit > 3% 3% 3% 2 % 7% "5 May 13% u 8 Dec Dec % 6% 60 % Dec 1% May Dec % 85 y 14 Dec Duke Power Co Jan Sept % 60% 108% June 103 8% 7% 83 85 ■ Week Detroit Steel Prod Airways.—1 Castle (A M) common.. 2,000 K £1 (B F) & Sons Dec Dec 2% 1% Breweries of Can..* Associated Elec Industries 6% preferred Feb 700 Assoc Atlas Drop % May Apr 800 x % 7% 10 & L $7 pref—* Aro Equipment Corp 1 Art Metal Works com 5 Ashland Oil & Ref Co 1 Atlantic Rayon June 84 Dec 1,500 7% 1,000 Catalln Corp of Amer Arkansas P Coast RR Oct 28% 20 42.600 3,100 200 1% Canadian Dredg & Dock.* Canadian Indus Alcohcl— Class A voting— * 1% 1% for of Prices Low High Distillers Co Ltd— Can Colonial Apr 2% 2% 2% x Avery Apr 28% June Nov 2X 103 Atlas Corp 15% Apr Mar 45% preferred...--100 5 Associated Dec % 15 Arkansas Nat Gas com—* Common cl A non-vot—* rets reg Feb 9% Oct Range Since Jan. 1, 1941 Week's Range Sale Price Par Sept 17% 2% 2X 44 Amer Writing Paper com.* Anchor Post Fence 2 Angostura-Wupperman. Apex ElecMfg Co com.. Appalachian Elec Power Amer dep 16% 23% 3% Callite Tungsten iiutri Last High 7 7% partic preferred..-25 "(MOO 6X 6 preferred.. * preferred Thread 5% pf- preferred Aug Feb Jan 50 $6 series 6% Jan 26% 79% 500 900 1% 33 10 22% 21 22 % — Low Shares 8 7 T% 30 50 3 If, *32 American 4%% 7 Feb 18,200 81 81 »J5 Superpower Corp com 1st $6 30% 113% Estate—20 California Elec Power...10 Calamba Sugar Apr 25 Chemical » Republics.—10 KaP common..2 Amertfeal July Jan 13% Price 15% 6,300 Potash & American Par 25 4,600 17% 10 % 1 Muracalbo Co Amer Week Dec Deo Dec 1% "l7% "\~7~X "18% """166 6% preferred-25 Amer Mfg Co common.100 Preferred ....100 Amer for of Prices Low Higd Corp...1 Camden Fire Insur Assn.5 Canada Cement Co Ltd.* Canadian Car & Fdy Ltd— 102 400 1 % 26% %■ 25 26% com.—25 Lt & Trac Week's Range Sale 28 1 »*-$2,60 conv preferred.-.1 Amer Hard Rubber Co..50 Amer Laundry MacU...20 Amer Apr Nov 9% 19% 24.900 103 Friday STOCKS (Continued) Range Since Jan. 1,1941 Last High Low 1,400 20% 19n 102 102 General Oorpccm $2 conv —j- Shares 10%,,10% 10% 20 % American week of Prid s High Sales Friday STOCKS (Continued) 1, 1941 Range Since Jan. for Lore Price Amer Amer Week's Range Last STOCK > Sa<cs Friday 2% Mar 53% July 112 3% 10 15% Hartford Elec Light Harvard Brewing Co 2% July 54% Nov Dec Jan 10 Jan 18% Oct 3% 15% Dec Dec 50% % Nov Nov 1,200 25 i Hartford Rayon v t c Jan Mar 300 ""466 5 Hammermill Paper June 4 16% 1 1 1%' 1% 200 1% 2% 18% 300 2% Dec Hat Corp of America— B non-vot common Hazeltine Corp.. 1 —...* 2% 17% 400 14 Dec Dec THE COMMERCIAL & FINANCIAL CHRONICLE Number 4026 Volume 154 1717 NEW YORK CURB, EXCHANGE Sales Friday stocks Last Week's Ranot Sale of Prices Low High Week Par Price Hcftrn Dept Stores com..6 6% IN orcferred.,—50 26 % Mining Co-....25c Hecla 1 % 26N Low 700 4% 8N 5 8N 3,500 Helena Rubenstela..—* IN 20 150 Heller Co common......2 Preferred 22 N 23 N 3% Preferred ex-warr—25 Henry Holt & Co par A. Hewitt Rubber common..5 Heyden Chemical......10 Hildlek Products Corp.2.50 Hoe (R) &Co Feb 7H w....*-.25 w 6% Aug 12 11 1 v. class A... 10 14N Conv for High 4 Friday Range Since Jan. 1,1941 Shares Low 100 % Dec 13 13 1 600 13 Dec 16% 16 H 17% 700 16 X Dec Mar Manischewltz (The B) Co * Mapes Consol Mfg Co...* 24 June 1N 14N 400 1 Dec IN Jan Sept Mar 100 8N Feb 18 N Sept 10 Hormel (Geo A) & Co com* Horn (A C) Co common.. ..... 1 Dec 9% Sept 17N Aug Apr 13 Dec 33 N 6N 100 200 Dec Nov 2 2N 900 Apr Feb X 14 Feb Communication Co Ltd. "it July Sept Dec 115 Oil Corp.....4* Marion Steam Shovel.._* 2*4 \ *1 3% 27%* Dec 31% Jan Aug 114N Apt Oct 18 Jan McWllllams 52% Apr 65 4N Dec Humble Oil A Ref.......* Hummel-Ross Fibre Corp "56 % 5 56% 4% 3,400 SON 4% 400 , Mead Johnson & Co.....* Aug I V tcfor 1st pref..._i..r Hydro-Electric Securities 5 Hygrade Food Prod.... Hygrade Sylvanla new...* Huyler's com 100 5 5 N N 4%~ ' 4N 4 H 1% IN 14% 17 Dec 5 1,100 ' >16 50 3 % Dec % Dec IN N Feb 100 1,200 14 1,300 Nov N 7 1 ix 900 6X 6X 1,100 121 121 Participating preferred * 122 220 June 5X Jan July 148 Dec 3% Dec 200 15 4 M ar "27 X """"25 2 X Dec Nov 26 4*4 5X 700 "92 *4 "93"" '""238 X H 3J^ X Omar Inc.... 7% X May 8,300 1X * 100 Aug 28 preferred...50 5% conv Div arrcar ctfs.. 1 Illinois Zinc Co.. 22 Vx IN 9N * N 22 N IN 2,900 N 900 21N Dec IN Nov ON 150 5,800 Oct 9 3N 35 Jan 7N- Dec 13 N $6 preferred....... Jan Dec Jan Aug Michigan Bumper Corp.. 1 Michigan Steel Tube..2.50 Dec 112 2 N 5N 6,400 5N Dec 5% 1,500 5% Dec 2N May 7N Sept 7N Sept 7N Imperial Tobacco of Can.5 Mar 5N 5N 5% 5% 7N 1,000 7N Fell 9% Imperial Tobacco of Great Britain & Ireland...£1 7 2% 2N 2% Jan Sept 5 Dec June 105 5%% preferred..... 100 Indiana Service 6% pf.100 7% preferred.......100 115 Dec 13 N 14 N Aug 29 Jan N X Aug 27N Jan Jan Aug Ilium Oil— Indian Ter class 100 100 Class B Sept Sept Jan Industrial Finance— ..I V tc common N % June N 6N 2,600 7% preferred....... 100 Deo Dec 12 N 1,000 X Page-Hersey Tubes 3 X Jan 14 7% Mar 200 July 100 5 Feb 8 July 1,400 Aug Parker Pen Co 34 3% 3,400 v t 1 $2 conv preferred ,0'' vv -.i • •• cum Mldvalc Co new Midwest Oil Co. Midwest Piping & Sup...* Mid-West Refineries .1 83 Oct Minnesota P & L 7% pf 100 International Cigar Mach 10 % ION 11 2,800 ION Dec 20 N Jan Mississippi River Power— 6% preferred 100 IN IN IN IN IN 4N 1,900 4N 100 1,200 6% 18 Jan "ie Dec % Dec 7N Dec 2% Feb 7N Jan Jan Sept Missouri Pub Serv com—* . ....p ' v • "*4" 8N 200 8% Dec 4N 0 4N 300 3N Dec 5N Sept Montana Dakota Util Montgomery 159"" """46 N 1,100 H Dec M Mar Ward A.. Montreal Lt Ht & Pow.;* ir>6"~ "159" N "13% ""13% "i7»"t "556 $3.50 prior pref—— Interstate Home Equip..! 25 10 Oct Nov *18 Jan Mtge Bank of Col Am shs. Dec Apr 23N Dec 14% 34 N Jan Mountain City Cop com.5c Mountain Producers...10 "26 % 23 N "28 N """4OO 6 N 7N 2.400 Nov 10 Jan 6N Interstate Hosiery M Ills Interstate Power $7 pre!.* 11 % 1 8% Irving Air Chute. — Italian Superpower . % % 11N 8 12 8N hi A... 300 X 200 % 11N 600 Mountain Sts Tel & Tel 100 Jan Jan Murray Ohio Mfg Co * Muskegon Piston Ring.2 N Muskogee Co common...* 6% preferred ;100 Dec 8 1.500 Dec N 18% Feb Dec 14 Dec 1,000 Mar Jan N 500 174 Jan Mar ; 4X Dec 250 9 % July 5% Aug 3% Jan 6% Apr Dec 20 xl 10 8 400 9 450 15% 140 Nachman-Springfllled * M Dec 1N Aug Mar Dec 5!-$% preferred.....100 83 N Dec 82 Dec 97% 104% Apr ti'/c preferred.......100 90 Dec 110 Jan Glass -* Co 100 National Candy Co Jersey Central Pow & Lt— 7% 100 preferred 90 92 N 20 Publishing Co.lt) •m Dec Julian <fc Kokcngc coin..* 18 N Dec Johnson Jan National Container (Del).l National Fuel Gas.. * Feb Nat Mfg & Stores com...* K National Refining com...* Nat Rubber G&E7% pref. 100 Kennedy's Inc...... 5 Ken-Rad Tube & Lamp A * Klmberiy-Clark 6% pf.100 Kings Co Ltg 7% PfB.100 5% preferred D——100 Kingston Products.....-1 Kirby Petroleum 113 N 115 3% 9 3N 5 National Steel Car Ltd..* a-20 Feb 12 Nov Feb National Sugar Refining.* National Tea 5 N% pref. 10 Aug 1 IN 2,600 1 IN IN 54 De: 40 IN 2,4(H) IN H Feb Jan Jan Nebraska Pow % Jan ■* 7% pref.100 Nelson (Herman) Corp...5 11N 11N 11N 100 Koppers Co 6% pref.. Kresge Dept Stores— * 100 Dec 14 N Sept ION Jan 4 Apr New Engl Pow Assoc.*..* 93 93 170 13 Sept 10 Mar 89 !, "93" Dec 104 N Jan 6% preferred—--t. 100 $2 preferred....-.—--* New England Tel & Tel 100 .. 4% conv 1st pref.... 100 Kress (S H) special pref. 10 Kreuger Brewing Co 1 9*4 6*4 9*4 Apr 50 11N Apr 3N Dee 13N 5N 50 3% 3N 3N 300 Apr Jan OX 4 "lQ% 164 "~2X 33 33 6*4 Lakey Foundry & Mach-.l 33 N 6N 7N 200 8,800 31 D ec 2N 400 2N - Dec X 2N 4A. Dec 7", Feb Lamson Corp of Del.....5 Aug 44% 5% Jan Jan 2 July Lane Bryant 7% pref.. 100 Lane Wells Co common.. 1 6N 300 7 98 N 6% 106 Jan June ION Dec Jan 15 17 3N Dec 3N Sept Dec Lefcourt Realty common. 1 1 % IN IN 700 N Nov * 9N 9N ON 400 6% Jan IN 9N Dec Dec Class B Conv ..— preferred Jan 22 Leonard Oil * 3N 3N 10,400 2N Jan 132 3N *16 7,300 l3t Nov 5N N 300 23 N 5 Feb z34% Develop...25 Inc-.l Line Material Co—...5 Le Tourneau (R G) 24 "5 N 25 6s..; 5N 2,300 Dec 6% preferred.. Lit ■ - 15 UN ii N Founders Shares... N Y Water Serv 6% pf.100 10 .... Feb 7% pref class A..... 100 Dec "ii'N """"50 11N Dec IN Jan 15N June Jan : 15 N Louisiana Land & Explor. 1 "3% For footnotes see page 5 Dec 3,400 N Dec X Dec 6% 56% 18% 129% % Dec July 1,500 Dec 32 N Aug Noma Electric 2 100 1N Jan 3N Sept Dec 5N 109% July Feb Dec Nov Dec 1,500 150 14X 7 7 500 90 hj Dec 6,900 3N Nov 6% 1st preferred 7% 1st preferred 111 92 50 24*4 150 1024 30 6X 100 25 4 180 Common.....1 600 31 Feb 55 9% 400 9 Dec 1% 7,100 1% Dec 18% 1% 5% 43% 51% 10% 1,400 58% 3% 6,500 800 2% 6% 200 x6 X Dec 8% Nov 5 43% w 10% 3 3 6% 43% Dec 50 Dec 10 500 2% 2% 2% 2% Dec 56 Dec 6i« X Feb 2% 6% 45% .70 16% 96% Jan Aug Jan Mar Jnn Apr Jan Jan 10% Jan 12% Jan "u Apr 2% Deo 4% Jan 3% Mar Dec 900 Jan Dec Oct 4 Aug 1,600 Jan 9% Nov Dec 5 25 710 ""500 16% 16% Dec Nov 17% "i6% 300 2,700 3% 'id Dec Nov 2% Dec 1,100 11G 1,500 2% 3 7 7 38% Sept \ 8% 100 2% 1,800 Dec 7 Jan 'to Feb 5% 8% 9% July 'tn May 1,200 7 23%1 Jan % Jan Dec % 35% 107% 107% 10 Dec x4 May 92% 92 Ht Mar Jan 37 36 Jan Dec 150 ' 93 105% 111 90 Dec —V-- ..— Sept I 12 Jan 37% 975 32 Dec 67% 14 14 100 14 Dec 7 7 7 25 7 Oct 7% Puget Sound Pulp & Tim * Pyle-Natlonai Co com...5 7% 7% 18% Apr 8% Feb 8% July •' ' 100 5% Quaker Oats 6% preferred Quebec Power Co Jan * common 57 57 52 100 Dec Jan ~ "S ■ . to 7% Jan 29% Railway & Light Sec— 4 Jan Dec 6X Dec Apr Sept 6 • Option warrants— % X *32 10 5% 5% 5% he l16 he Voting common.. — Rath Packing Co com... 10 19% Raymond Dec 8% 116% Dec 90 Dec 105% Jan Jan Dec 31% 1% 105% Nov Jan 8% July Concrete Common.. L.„, J* Relter Foster Oil Dec 42 Jan 45% 65% hji Dec Jan hi ha Dec h# Feb 2,000 50 4 24 T.iooi 88% 10% 4% X 200, 2X '1 3,500 Dec July Dec Dec Dec Feb 4 93 14% 10% % 4 Feb Oct Nov 525 ha May 70 Feb X 104% Rochester Tel ■ Jan Jan t'% Sept 7i» 3,000 .% Dec] 1% Jan 15% 14% Dec! 10% Dec 16% Jan 4,800 3% Dec 5% Jan 300 10% Dec 14% Jan 500 4% Jan 7% Sept Jan Nov pref Rossia International Royallte Oil Co Ltd... he 10% 3% 12% 10% 50 * »32 DOTT Jan, 50 Apr 21 Jan 7u June 5% 4% 12% 5% % % 1,900 % Dec 1% Jan % % 1,400 % Nov 7i» Jan 102% July 105 Dec 107 Feb Oct 114 May X « W - ■ —— •w „ 6 J, 85 ' «. « ' 2% 13% m ^ ^ 111% Oct 9 ' 100 11% Dec 14 100 11% 9 I" ' "" „ 11% 5 1 20 42% 1,000 2,200 ; Roeser & Pendleton Inc.* J Cable Corp com..5 conv 12% 50 '32 Rome $1.20 18% July % ia'i 6%% pflOO Roosevelt Field Inc. Root Petroleum Co... Oct J 3% mmmmmm Jan l\s^J Jan Dec Jan 1 G&E16% pfClOO 6% preferred D 100 51 i»ie 15 .1 Rochester Dec 200 "" Jan 400 Voting trust ctfs k* 7% X D£c Dec 2% Rio Grande Valley Gas Co Radiator 51 ~ 25 Feb 12% h Rheem Mfg Co-.,;..j.l Rice Stix Dry Goods * Richmond 13X 81 y_ " 1 Jan Jan lee ' - Corp.60c y*;1 Republic Aviation. % 4% 700 12% - » Jan 12X Jan """2% $3 conv preferred * Raytheon Mfg common 50c Red Bank Oil Co...... 3% 2X Jan 9% 350 Pile- 79% 9,300 Jan 159% 9,900 ,vr 51 51 51 Sept Dec 6 X 22 105 Dec 142 Radio-Kelth-Orpheum— Dec 100 ' R 17% Sept 70% July 2% Aug 14% 20% . Dec 51% 200 7% ~ --V-' 6% June 970 143% 143% ..* Dec 4 ■ : Dec 2*4 01 X 79 Feb 2,500 .... * 200 ;'l6 "ht79 % 4% Feb 4% 31 Nov 2% 5% 100 Dec 1,150 , 24 Jan IX 100 50 60,500 48X '|28 ""X 118% 37% 2% 10 IX ' 58 91 X 1 Dec 5% 2% Reliance Elec & Engin'r'g 5 "l2X Mar ""500 1 Reed Roller Bit Co. 2X Jan Dec 4% 6% 3% 3% 5% - ....* Feb Nor Amer Lt & Power— $6 preferred. 350 113 112 * Feb ' 3N 3 "i'x Jan 86 Nlpl8slng Mines.....—..5 16 N 13 % 13 v3N 1,100 79 1% Prudential Investors Aug 21 3 2X Aug 3% 3% 100 9 Dec 6 2,000 ""130 27 ■ Mar Jan Nineteen Hundred Corp B1 875 N 35N Jan 17 X 105 1719. 600 ■1-':) 133 V Oct 57% Oct 14 48X 1U8 28% Oct 2 ' 13 N 13 2 Louisiana P & L $6 pref.*' 5 12 - Niles-Bem-Pond new com* 8% pref class B.....100 Loudon Packing.. * Sept Mar Jan 4,000 Class A preferred.... 100 ' ION 6N 116% Feb IX IX Sept Jan Dec 37% * $6 preferred Dec 1*4 50 May 13% 35 28 5% Prosperity Co class B__ Apr 5% X x61X IX Apr 185 29% * $5 prior preferred. 2 2,250 58 Jan 113 Dec Producers Corp of Nov...I Aug 100 64 22 115 Dec Dec 86 Jan Dec May Pressed Metals of Am.. 100 62^ 224 % 98 com...* inc Mar Ausr 100 Jan Sept July July 14 Feb May 62X Class B opt warrants... 6N N 17 Dec Dec Class A opt warrants 19 Niagara Share— 6% 1st preferred Pratt & Lambert Go.. Premier Gold Mining Prentice-Hall Niagara Hudson Power— 6N Common..— ...—...* X 9X Dec Nov 6X 1 Oct Puget Sound P & L— 2X 102 Jan 1% 2% July 10X 5.10% preferred..... 100 40 Nov 89 2,600 25c Jan 500 2X N Y State Elec <fc Gas— 66% May Oct 3% 14% i',700 83 Power Corp of Canada... • .. Dec Jan Dec 98 .... Potrero Sugar common.. Powdrell & Alexander... 10% 8% 12% 4% % 100 24 ' Mar 21% Pleasant Valley Wine Co.l Apr Feb 300 I — 5% 1st preferred....100 5% 2d preferred—...100 Long Island Lighting- 7.X 11 14 *A Jan Dec X 3 Public Service of Colorado 1,800 101x hi : x 2X 33 Apr % 25 39% Nov Dec 500 35% Apr Oct Dec "i'x "2% Meter Sept Nov Mar Dec * Oct 5,500 Oct Shipbuilding Corp— Class B common Lone Star Gas Corp.—..* "25" 35 84% 1 7 11 7% pref-100 $6 preferred 13N Brothers common...* 20 "25" 35% Conv $3 pref series A. 10 28 6.4 814 25 33 Dec 162 Pierce Governor common. Pioneer Gold Mines Ltd.l Jan 2 4 50 15 Jan Aug 4 Dec 2X : ; Warrants Jan ' V! 10 99 N Y & Honduras Rosario 10 Common 100 90% Railway & Uttl Invest A .1 ....* % 2o Locke Steel Chain...;...5 8N 7 Llpton (Thos J) Inc— Aug Sept Aug Common Dec 200 24 "99"" New York Transit Col.-_5 Lehigh Coal & NaV IX 4 X 20 N Y City Omnibus— N Y Class A... U Feb 1,100 N Y Auction Co com....* N Y Pr & Lt 98% 89 Mar nl t 25 Dec Sept Jan 14 *4 ""4 N Y Merchandise...... 10 Langendorf Utd Bakeries— 98 90% 56 9 New Haven Clock Co...* New Process Co Ltd..l ;? Dec 1,300 56% 2X 14 Apr New Mex & Ariz Land—1 Mines % % Pyreue Manufacturing.. 10 Rights.— New Jersey Zinc Lackawanna ltR (N J). 100 3,300 Aug Mar Dei 53 Pittsburgh Plate Glass..25 15 Feb 109 New Idea Inc common.—* Lake Shore 75 Dec 33 ....— Oct May 44% 12% 12% 5% 100% Dec 87 200 914 64 OX 24 H UX 2*4 Nestle Le Mur Co cl A...* De, 8X OX 2,700 20 Neptune Meter class A—.* July 2 Dec Oct Nehi Corp 1st preferred..* 8% 11N ColO Knott Corp common.... 1 2,500 50 • 30c Navarro Oil Co— Feb IN 2N Nov Nov IX 54 4% 20 Nat Tunnel & Mines..w* Nat Union Radio.. May May 6,000 1,450 Oct Apr 3% 13% 7% % 2% 2% 6% - 41,100 6% 50% % 18% 8% 10^ 37 800 94 1*4 1*4 * June 5N H 6% Jan 8% 4% 200 7% 6% 112% Providence Gas 120 *76"" Mar 50 9X 10X 87 National Transit.... 12.50 Kleinert (I B) Rubber Kobacker Stores Inc 9 92 X Dec "SO ""bee Klrkl'd Lake G M Co Ltd 1 Klein (D Emil) Co com. *4 9X 3 200 84 800 Feb 27 «« Jan Jan 2% 50 X Feb Mar Mar 3 1,000 "24 "3" 2% Pitts Bess & L E RR...50 12 2 4 8 7 300 3N Mach 124 39 87% 28% Pittsburgh & Lake Erie .50 Pittsburgh Metallurgical 10 Dec 6 X 12 113N 40 8 14 39 108% Dec 31 Mar Jan Apr X 13,600 J* National P & L $6 pref...* Kansas X National City Lines com.I $3 conv preferred.....50 Nov >18 23 N 8% 5% Mar 71 Jan 10 National Breweries com..* Jeani.ette 300 8% Dec 67 Nat Bellas Hess com...„1 1 3,900 De: 18% 67% 8% 3% Polaris Ml uiug Co Jan IN Dec Jan Pneumatic Scale com... 10 3N IN 13% Sept Jan 34% Jan 31% Dec Dec - Plough Inc common—7.50 Dec IN Nov 2 19,600 12% 17% Dec 5 4 84 Jan Feb N —-I (FL) Co 12% 10% 3% ;.% Phlla Elec Co $5 oref— _* Phila Elec Pow 8% pref.25 Dec 2,600 114 Aug 67% 4% 4% Phoenix Securities— 9% 8% 3 26% •it. Phillips Packing Co.,...* 4% 7% - Dec 'p. *. 3% 5 common.* Jan 5'K - 6% July Mar : 29 400 3% Perfect Circle Co... * Pilaris Tire & Rubber...1 Philadelphia Co Jan N Jacobs 26% 3% 8% Pepperell Mfg Co..—.100 Jan X Dec 4X July IX Dec 300 Jan 18% 4,500 xllO ^ Dec 1% "1/166 30 *4 Pitney-Bowes Postage 3% De Jan July ...... com 20 Penn Water & Power Co.* 26 2 4% Jan 6 5 200 1% 50 Dec 9 14 N ION May « N 7i« 11% Nov Feb 13 X 13 X 4% 1% 4% - 1% 4% Cornmon Investors Royalty....—-1 Iron Fireman Mfg vtc. Nov 74 "16 „ 54 116% 98 Pennsylvania Sugar 1% Sept 2% Jan Mar 156 Mountain States Power- ■'••' 7N Dec Dec 4 14 1 8% 2% 200 Penn Salt Mfg Co.. "466 8% 3,500 Jan Apr 78% May Penn Pr & Lt $7 pref...* $6 preferred..........* Jan % Monarch Machine Tool..* ♦ 2N 116% Dec Monroe Loan 80c A hi July 3 4 Jan 2N Mar 2,200 Sept sept >32 Nov : 4% 2N 2% 93 Aug UN iiN 1 21% Dec 107% 100 Mar Dec — Dec 50 . 9% 8% 36% Dec Moody Investors part pf.* Moore (Tom) Dlst Stmp.l 15 47% 100 Jan Pennsylvania Gas & Elec— 6% H Utility— Class A. Jan Jan 8% Class B Aug Dec 17,000 $1.75 preferred.......* % 55% 5 21,500 % Jan Dec 7le 37 *34 N Monogram Pictures com.I Nov 600 $5 series pref $2.80 series pref.......* 100 ON v; Jan 8 Pennsylvania Edison Co— Oct 1,100 4% 110% Jan • Jan 5% 4% ■5 5 N Intcrnat Safety Rnzor B_* International Sept 3 ~~"x 2.50 8N International Products...* 16 "4"' Mock Jud Voehringer— Common Dec Nov 6 16% 26% Pennroad Corp com.....] Penn Cent Airlines com„1 Feb 832* 8% Registered shares Jan Dec 112 —* Petroleum- Coupon shares Nov ! -y Nov Apr 115% 118% 100 29% 29% 50c Dec 6X 200 1,175 1- —-i- Sept 112 1H 2 % 2 2,200 % 39% 111% Sept 3 Class A common......* Molybdenum Corp..——1 International 42% 1% Dec Fuel Penn Traffic Co— 8 ""2% "V,l66 37 37 ' Intcrnat Paper Co warr... 7% Aug ..... —10 xl34 6% - "HI """2" Mining Corp of Canada..* Minnesota MIn & Mfg...* Feb IN Dec 500 12 X 35 4 600 35% 37 :: ""if 1 36 .10 Jar, Peninsular Telephone com* $1.40 preferred A....25 Penn-Mex —50 Jan 109% 115 48% 16% 48 112 Parkersburg Rig & Reel_.l Patohogue-Plymouth Mills* Mar , com....* — 64 N 4N Jan 8 div shares.* T.050 % Dec Dec he y-'r Midland 8teel Products— $2 non 34 4% % 6% V .* 76 IN 3X 3% 23% 110% Dec y 6% * 6X Middle West Corp com..5 Midland Oil Corp— j. 2 X 1,300 C———-_1 75 1 16% Paramount Motors Corp.l % Apr Dec Aug SI6 Class A vtc Dec Dec 2% 113 Pantepec Oil of Venezuela— American shares..— Feb Jan 12 * X 75 % Intcrnat Metal Indus A-.* Service 54 ' Nov Mar 102 ""(5% 1st preferred....* 6 4 Insurance Co of No Am. 10 Hydro Elec— Pref $3.50 series .50 Intcrnat Industries Inc.-l Public "it Jan Internal Pacific 54 Mid-West Abrasive A...1 1 Non-voting Jan Jan 6 <4 :■ 30 93 ..... 5%% 1st preferred...25 Pacific Lighting §5 pref..* Pacific P & L 7% pref-100 * ' Indianapolis Power & Light Apr % 6% Dec Dec Dec 50 150 112% 113% 113% Pacific Can Co common v.* Pacific G & E 6% 1st pf.25 .10 Preferred Oct 9% May 2 N 1,100 3X 10% 9% Dec 2% 13% .....1 Mlcromatic Hone Corp.. 1 Mid He States Petrcleum— Class B Indiana Pipe Line.....7 % 4 May 350 3*4 Jan Aug 40 $1.30 Michigan Sugar Co.. Imperial Chemical IndusAm dep rets regis...£1 Imperial Oil (Can) coup..* Registered * 1,900 3X „ Jan July Metropolitan Edison— N Jan May July Nov % 5 110 119 Jan 1,125 July 2% Feb Dec Dec 1,000 S3 preferred....... ..50 S5% conv prior prof...* Oliver Utd Filters B * % 103% 1% Dec Mar 78 .15 — 98 Overseas Securities-.....! 6N% A preferred...100 Jan 63% Sept Dec 1,700 98 Oklahoma Nat Gas oora.15 Apr 4% 29% 27*4 5% Jan Apr 22 23% Feb 3% 6,800 July July Sept v 200 2% 14% 12 Oilstooks Ltd common...5 10% Dec 121 2% 4 Ohio Brass Co cl B com..* Jan 3X Jnn Dec 'aj 300 14 Ohio Edison $6 pref.....* 59% 2% Apr 1 23% 0 Ogden Corp com....- 2% Dec 17X Merrltt Chapman & Scott * Warrants Partic preferred—. X 22% 200 4 High Dec 15% xl 5% 50% 7% 2% 14 6% preferred.100 Ohio Power 4%% pref.100 Ohio PS7% 1st pref—.100 6% 1st preferred....100 3*4 Messabl Iron Co— ......I Metal Textile Corp 25c Illinois Iowa Power Co. Low 900 98 Corp... Feb Jun • Novadel-Agene Apr 7i6 17 X 3*4 17X com—* Sept m 6*4 Merchants & Mfg cl A..1 IN Feb 2N July 19N Sept Dec Stores Aug 8 Dec 554 ■ Memphis Nat Gas com..5 Mercantile Hussmann Llgonler Co..* 6 ho May 200 IX IX Dredging...* Aug 7 N 200 IX $4 preferred..........* McCord Rad & Mfg B—.* 13 21N 225 23 N *32 Apr Oct 10% May McEwen Kaiser Co— 111 22 % 16 15% 109 Northern Sts Pow cl A—25 Dec 2% Apr Jan Dec 4 Ohio Oil 5% preferred..—... 100 23% 800 Sept 60 *1 Hubbell (Harvey) Inc...5 Horn & Hardart-. 2X *)1 2 H Mass UtU Assoc v t C...1 Oct 117 N Nov 2X 9X 2 4 Margay Massey Harris common.,* Horn & Hardart Baking.* 15% 15% 500 38 99 2,300 16 No Am Utility Securities.* Mangel Stores.........,] $5 conv preferred * 13 N Feb 6N Shares 6% prior preferred...50 Manatl Sugar opt warr... Apr ' Range Since Jan. 1. 1941 for Week Jan Nov 5N Range 7% preferred—.....100 Northern Pipe Line. 10 65 12 Jan Price North Amcr Rayon cl A—* Class B common......* Aug Jan 26 6N II Par Nor Central Texas Oil...5 Nor Ind Pub Ser 6% pf.100 13 6% of Prices Low High M 125 Horder's Ino-»..»~ Week's Feb 24 Dec Marconi Intl Marine Holllnger Consol G M...5 Holophane Co common..* Last Sale High 1% 27% 25% 4 13 Conv 7% 1st pf v t c.100 Lynch Corp common 5 Sales stocks (Continued) Week 7% 1st pref...100 Feb 10 V4:; Low Ludwig Bauman & Co com* Mar 26 N 26 Nov Nov Dec Price Range of Prices Sept 9 Sept Jan 92 89 Sale. Par 4% Sept 32% Sept Mar Week's Last High 4N Gee 8N Nov 9N June 100 * •Class A stocks (Continued) Sha ret 1 % 26N 4% conv Sales Friday for (Continued) Range Since Jan. 1,1941 8% Apr 10 % Jan 1% Mar 3% Dec 3% Sept Sept ..... "" 1 Jan 4% Jan 2% 13% 2% 13% 300 >32 '32 300 Dec I5G "49"" Dec 100 Oct 16 " ...... "49" "49% % Jan 59% June Tuesday,'December 30, 1941 FINANCIAL CHRONICLE THE COMMERCIAL & |718 NEW YORK CURB EXCHANGE STOCKS (Continued) Ryan High Low Price Low Shares Dec 4% Sept 3 Anr 6% Dec 200 2% "*900 716 % 1,000 % com.l % Week's Range Sale (Continued) Price of Prices Low High Week Price High :• ■ 1;300 1% .a% Dec 2% 80c conv Apr 1% July Dec 7% Jan De Range for Week Since Jan. 1 • Jan 1,100 1 1% preferred..^—* Low ' Shares 2% 2% 1% Haynes Last Range Since Jan. 1,1941 ■for 4 of Prices Low High Tung-Sol Lamp Works... 1 Sept 1% 2% Ryerson & Week's Range Sale High 2% Ave—-.2% Fifth Last Par Sales Friday BONDS STOCKS (Concluded) Range Since Jan. 1,1941 for Week of Prices Salt Pai Range Aeronautical Co.—J CdDBol Petrol. * Russeks Ryan Wtek'i Last Sales Fi Mag Sates \ Friday U B Baldwin Locomotive Works-1950 109% 111% 109% ..1967 Convertible 6s U2% 97,000 105% 127 12,000 1,000 105% 114% 106% 115 ' 149 158 ■ Udylite Corp 10 St Samson ; 100 7% preferred... Salt Dome Oil Co -.1 2% % United Corp com. 1 Conv —u, """% % % $3 com...—* 7% 60 70 Jan United Gas Corp com.._1 1st $7 pref non-votihg—* 13% Jan 115% Feb general... % % Jan 16% 14% 1% % Mar Dec % Aug United X2% Nov 6% Sept 8% 100 preferred—..... 10 United Shoe Mach com.25 Allotment * '.6 ..... Dec 38% 38 38 850 38 900 37% 48% 43 25 United 50 Mar 50 Mar U S 2% .7 Graphite common .—5 Securities..* Am % 8% % 1% Jan 5% Sept '""366 4% Apr 7 2% 8% 64% 4,100 2% Nov 7% % 2% 8% 250 108% 111 4 % 11% Dec 84 Dec Feb 9% Dec ,25 9% 126~ , 500 1 102% South 1 "366 2% Corp.--..—---1 104 Jan Feb 2C0 1% Dec % Apr 1 800 1% Jan Dec Oil.—-—25 Pa Pipe Liue.10 1%. 1% 200 1 2% 2% 800 1 29% 31% 2,200 29 Dec 24 24 100 23 % Apr 30% cl A.25 preferred....—.100 Engl Tel... 100 Southern Colo Pow 27 "~y* Dec Dec 29% % 500 . 26% .100 % Nov 600 % 4% Phosphate Co. 10 Southern Pipe Line—... 10 Southern % Jan 7,800 **M 6% 6% 22% 22% 23; 10% 2% 26% 51 "22% Dec 8 Va Pub Serv 300 3 51 io% 10 1,100 2,900 25 1 preferred... —-10 % 1 " ?' 2% . 400 1% 7% sA May 82 Dec Jan Jan Oct Mar 3,000 -M>4 10% »u Dec lng Co Apr 4% 900 Sept "33 3 i 2% 2% Western Tablet A 60 v 60 : Sept Jan Jan Jan 112% Nov Jau t Wichita River Oil Corp. 10 Co—1 i Sprl g—.tStandard Tube cl B——1 Starrett (The) Corp v t c.l Steel Co of Canada—. — .* Products Standard Standard Steel 18% 13 4% 2,700 *32 Deo Pec 2,600 12% Dec 400 1% Dec 300 1% 1% % >>« *u 30 Dec *re 4% *»a 13 *u Oct •n May 14% 4% Standard bilver Lead ht 18 200 % 4,700 44 Dec Apr Jan July 9% May *32 July 1 27% 2% »u Stein (A) & Co common..* -.* 9% ;; 650 '9% — 6% 2d preferred—.20 Sterling Aluminum Prod.l Sterling Stetson (J B) Co com... Stroock (o) Co...— Sullivan 4% % ,5% ** ; % 12% — Wilson 6 %s scries A 100 Jan Wolverine Tube com —2 114 Woodley 4 Federal Water Service 5%s Finland Residential Mtge, % 11% """loo : Jan —.475 2% Apr 200 .% Dec 400 1,400 Ml May 9% 8% Dec Dec 5% July i '7ie July 19 Nov 800 4,300 1% 37% Mar 34% "266 22% Mar 9% Apr 12 5% Apr z8% Nov 1% 5 >4% conv pref ...50 Superior Oil Co (Calif) ..25 Superior Port CementClass B common..—'.i* Swau Finch Oil Corp...15 33% 3% 5 1% 7 ' New York Curb p.-, Jan Oct '22 v 21 Tampa Electric Co com..1 18% Technicolor Inc common.' 6% 6% Texas P <fc L 7% pref. 1 Or Texon Oil & Land Co—-i "~2% Tnew Shovel Co com.. __t 13% Tilo Roofing Inc———1 4% 2,700 2,300 13,800 Tlshman Realty <fc Constr 14 4% % % Prod 17% Nov 6% Dec 5i» Sept 8% Jan Mai 3 Dec Apr Jun % June 53 Jan 4% Sept Tobacco Sec Tr Co Ltd— Am Shipyards Corp.. Toledo Edison 6% pref 10t 7% % July preferred.. 92% 120 % _i0( 104% June 108% Jan Dec 114 Jan 200 3% 7 Trans Jan % Oil Co...10 5% Trl-Contluental Truuz Inc ———L1967 ...i 3% 31% 3% 31 American Gas & Eleo Co— 2%s 3%s 3%s s Feb v 1719. 80 1,000 1108 % >111 1100% 105 64 65 ' 5,66(1 66 138% "17% 30,000 84% 80 99% 102% 72 17% 18% V 80% 88% 23 88% 75% 89% 107% 110 101 106% 58% 66 17% 40% 15,660 45% 15 29% 14% 1,000 110 110 "81% .1949 3%s.—— 109 81% 180 —.1967 .(.1953 ....1954 1,666 82% 70% 70% 83% 82% Jan Mar Oct Idaho Power Jan 111 Pr & Lt 1st 6s ser A.j. 105% 103% 80,000 105 104% 104% 103104% 99% 100% 9,000 102 30,000 C——.—..——1956 Sfdeb5%8.....-—.May 1957 V Indiana Hydro Elec 5s 1958 1st & ref 5s ser Jan 107% 111% 1108% HO 105% 103 1st & ref 6%sser B Jan 102 . 77 98 3,000 102 * 9,000 100 7,000 72% 71% 76 74 75% 6,000 80 80% 3,000 75 107% 107% 5,000 105 1st lien & ref 5s Jan 4 . f 108 108 t 101% 107 1950 1963 Indiana Service 5s Jan 3% 103 101% 84% 84 92% 109% 21 5% 5% 5.- 5% 5% 12,000 5 11,000 3% 10 ♦7s series E ..... '47s (Aug 1941 coupon)... *7s series F..'^..;.v -1957 5% 4% 5 5% 5 9,000 ..1957 5% 4% 16,000 4% 11,000 11,000 25% 15% 24 -1952 5% 5% 5% ♦7s (July 1941 coupon).. ; .. 5 15 71% 73% 31% 33% 33% 1108%) 62,000 39,000 ..1955 -1955 5% -1952 -1957 Interstate Power 5s Debenture Since Jan. 18% 111% " .1949 1 6s—.Vi.x.—>>. -1962 Iowa Pow & Lt 4%s. ..1958 5 , 72 -.1952 103% 4,000 105 fx 108 J ■ .... ....... .... - 28,000 -1963 66% 80% 24% 43% 106% 108% 10% 26 4 35% W 3,000 103% 106% 10,000 Jacksonville Gas— 103% 102% 5,000 102% 105% 103 105% 15,000 100% 103% Jersey Cent Pow &Lt 3%s... De* ht ' 103% 104 107% 107 s f debs..——l1970 107% 106% 105% 106% 6s Amer Writing Paper — ... 6s. ———.—1961 Appalachian Eleo Pow 3%s ...1970 Appalac Power deb 6s—......-x—2021 Arkansas Pr & Lt 5s——...1956 %s..—.........1953 79 V 79 50% 3,000 .1966 105% 106% 19,000 1,000 .1942 5s stamped^.... 50% 50% 42 60% 105% 109% 1125 "2,000 106% 110% Kansas Elec Power 3 %S. .1966 100% 109% 78 83% Kansas Gas & Elec 6s... .2022 ;7,000 3%s._, .1969 1100 108 ■ 1120 127 ■ 109% 109% 18,000 1105 128 -•16,066 40% 207,000 ♦Conv deb 4%s...—. ♦Conv deb 4 %s... * -.— -1949 10 10% 10% -1950 -1968 Registered—...... ♦Conv deb E%s. — ' 10 10% -1977 5% 5% Dec Assoc T & T deb % 8% Jau Atlanta Gas Light 4 %s... -1955 vc. Jan Atlantic City Elec 3%s... -1964 3% De» 10% De 48% Aug Aug Avery & Sons (B F)— 5s with warrants...—.. 56 5%s A- ... ini7 .1945 102V102"" Louisiana Pow & Lt 6s .1957 108-: 19% 57% 106-106 J94' 9% .1946 4,000 8,000 161"" 106% 107 109% 19 56 69 105 108% M 15% 10% 108% 107% 110 107 " 104 106% 109% 109 .1966 Long Island Ltg 6s.....——. 19% 10 1,000 .10% JManstelu MlnA Smelt— 100 r V - 104% 100 102 11 25 77 —..1941 *78 mtge s f - 90 McCord Radiator & Mfg— ' • . 10% 2,000 7,000 10,000 10% 56 4103 .'V 10 10% ... 128% 109% 112% 131 18% 19% 10% 11% 23,000 10.! 10% 124,000 10% .10%' 101,000 10 -"10% 130,(K)0 110% 109% 123 104% 108% 35 59% Dist Pow 3%s. ,(♦Leonard Tletz 7%s.t.— -1948 ♦Debenture 5s Kansas Pow A Lt Lake Superior {Associated Gas & El Co— 106 105% 109% 131 104% 105% 40 K 103% 106% 105% 109% 37,000 79 -105% 103105% 5,000 5,000 107% 107% ...2016 Am Pow & Lt deb 5s without warrants For footnotes see page i $ ' Jan Dec 31 83% 83% .1938 105% 104% 103% debs—-. — -I960 2 % *18 1.150 105% 104% 102% 103% 101% s f 2,700 5,400 :2~ioo 65 .1935 .... 4 tL-V' Jan ys "2*666 • 98% 103% Sept Range Week . 1950 1 4% 5%s 6s scries B July Bonds .. v f debs...— Dec 33 96% 103 62 1,000 .1963 8% for of Prices High Low 101% —..... 1st & ref 4%s % * Tublze Chatlllon Corp Claw A 4% ! 104% 4,500 warrants. ....... 3,OOP 77 1 Sales -1946 —— H hi • - Week's Range -1951 5s..-.——1956 53 .—1968 7 Lux Corp........1 Transwestern % 400 15,000 3 .1966 117 Alabama Power Co— ♦Conv deb 5s.——..... *!« % 15,800 ■*"-!% 1% 48 107% H 1[*Isarco Hydro Elec 7S.J.4.-. •Italian Superpower 6s Jan Tonopah-Belmont Dev.lOC Tonopah Mining of Nev.l I01%J03% 77 1958 Houston Lt & Pr 3%S—iL— Sept Jai. Dec 107 91 82 101 91 99% 101% 75 89% 35,000 158% .... 99% 100% 3%s..—i-1963 1945 •J♦Hungarian Ital Bk 7%?—Hygrade Food 6s A...1.4 5% Dec Deo ^.4%. 300 Price Associated Eleo 4 dep rets def reg as .1 Todd 12.000 30 Jan 11 De. 43 Exports.." 25 Dec 4 500 Jan Dec 12% 600 3% Mar 700 101% 106% 100% 105% Jan 114% 3 ;f 19% 98% Dec 2% May Tobacco & Allied Stocks..' Tobacco Dec 250 "■2% "2% 13% 4% 1% 103 ..-..1965 1950 H ♦Hamburg Electric 7s.. .... il4Hamburg El Underground 6% Jan 5% July Sale BONDS 1st & ref 2% 18% 6% 104 38,000 — July Deo Friday 1st & ref 1% 17% 103 ■&; '. . Sept 14% - 5% Exchange 1st & rcf 5s. 2 j ♦6%s series C..—....... v 6 %s (Dec 11941 coupon). 1st 5s._".... Taggart Corp com.... _.l 14,000 Sept 85% Dec 3% 4% 1% » 20,000 1953 July 5% Dec 1,100 , 45 110% 25 105% 102% 103% * {International Power Sec— 2% Nov 46% Sept 38% Oct 107 Feb 4 Last Jan 97% ♦Indianapolis-Gas 5s A. 1952 Indianapolis Pow & Lt 3%b..V.\:1970 3% 5s Wright Hargreaves Ltd..* Amer dep rets... 14% July 10% Jan 9% 00% 2,000 105 stami>ed-...1944 Green Mountain Power 1% July % 12% 5s cx-warr Grocery Store Prod 68.—V— Guantanamo & West 6s..... 8% Jan 1% July Dec 77 78% 119% 126 103% 106 101% 101 flO 1966 Glen Aldeu Coal 4s.--. 10% Sept Feb 103% 99% 100 80%, 83% 96% 97% 101 1961 '.—.1954 f»Oesfruel 6s. Jan Aug 102 Feb Mar . 3% 4% 98% 69% 53% 100 22 1953 General Public Utilities 6%s A.—'.1956 ♦General Rayon 6s A 1048 General Wat Wks & Elec 5s -.1943 Georgia Power & Light 58...; -.1978 Sept Dec % 10 * 106 86 3,000 3,000 108 107 1954 — — Gary Electric & Gas— /• June 15 Oct 3% 4% 3% 3% ;.l Petroleum.. L 57,000 45,000 L1953 —2i..... 1967 Gr Nor Pow 5s stpd...: j..i. W1950 Apr ■?.Y2% Mar « 3% Dec 6% — .... 4 105% 111 101 vv- - j Erie Llghiing 6s....' Jan -. "2^666 6% 7% pf 100 Wolverine Portl Cement 10 % ; 104% % 6% "6% Oct 4% Mar 9% % -Nov V 3 13 10% Mar :1 Inc Products 90 122% ..1952 Empire District El os.. — 80%; 84% 89% 92% 122% 122% 104 104% 80% . .1956 Grand Trunk West 4s - Wilson-Jones Co— Aug % 4 800 1,400 7. — V. _ *1 Sunray Oil . 3% 3' 3% .5 .* Co.....—1 Machinery. Sun Ray Drug — : 41 % Inc..1 Stlnnes (Hugo) Corp.. Dec 7 4% Inc..—1 Sterling Brewers 9 ' Dec 2% Jan z36 6% 1st preferred.....50 ...1956 — Jan Jan 6 300 7,000 100% 101 1955 ElmiraWater Lt & RR 5s...— & St Ry 10% 100 Co.—.* Williams (R C) & 92. —1958 ...*....1944 Eastern Gas & Fuel 4s... Woolworth (F W) Ltd— Sterclii Bros Stores— 122% 128% Electric Power <fc Light 5s......—2030 .■ '"-13- Williams Oil-O-Mat Ht. Wisconsin P & L 13% July 5% Aug 3,000 58,000 2,000 % ■ 15% June L._'* Coal....20 Westmoreland Inc -.10 Common Westmoreland Jan Oct 48 125% 125% 90% 92 60% 6()% Cuban Tobacco 5V ^ Weyenberg Shoe Mfg—— 1 < » 68 % ' 30 - Statlon'y 2% 14% 20% , ... j Maryland Ry— Dec ' 95% June -2% Feb 2% Dec 3% Jan 2,900 . Western Sept 93 Sept v7% Dec Aug v 1H 1-% . 1*900 2% Dec 1,000 *i« 18 .^.1954 {♦Guardiau Investors 5s.........1948 2% Dec 10,700 > '«6 Preferred.... 5,000 13,000 10,000 107% 112% 106 102% 102% 9 ; Standard Power & Light. 1 Common class B._..._: 109% 106 1976 Continental Gas & Elec 5s 8% Sept Dec Nov % 12 5. — 500 2% 1% "5,566 109 1969 Gen mtge 4%s. . Jan 11% Dec ; % , •X — "2 Inc-.l Lines 9% *16% t Grocer com...20 14% Standard Oil (Ohio)— ...—..1971 1st ref mtge 3s series P. Jan Dec 5% ;■■•.: West Va Coal & Coke..—5 Air 99% 99% 98% 105 117 131% Nov Apr / 3 100 6% * Western 91 88% Jai) - 11 4%r: Feb 1.25 90% 77 88 1st ref mtge 2%s series Q 3%s series N Gatlneau Power 3%s A————.'-1969 1 — 93 91% 79 5% Nov 106 4% ' Aug 83 7% 1st preferred...'.100 preferred......-101 1% 22 Jan ,% * - West Texas Util $6 pref. 5% Jan 17% July Dec 49 . 80% Dec 7% June 100 8% .8% Wayne K .itti ig Mills...5 Wellington Oil Co.. 1 We.itworth Mfg 79 Aug % ■i.' 130 ..:M- Jan 3% 1% Nov Walker Mi 83% Jan 1% '% Dec 13% May 1,800 j — 40 ' Consol Gas El Lt & Pr (Bait)— .1. 107% 14% 83% 30% - preferred.......100 Class B Nov July " 14% Dec Dec 175 V - 1,000 36 86% 100% 90% 101% "July 3 Jan •' Ahg 4,200 % % ",15% 3% > 4% 5% 5% ....* Western 1% 400 1% 1% 17% ■ 50 "550 4% Wagner Baking— V t c extended Standard Dredging Corp i Dec Jan 30% % 100 2*900 r 8% 8 17,000 • Oct Dec 1% Jan 5% Jan Sept Jan Oct VI 5% Feb ; '9% Oct 29% Sept 22% 'Dec ; 81 * 40,000 *hj -.150 .14%- Jan 100 10%. Dec 15 7% pref. 100 Dec 1% 14 Aug 1,000 * 26% 6% Dec Feb % 2,700 750 11% 10% 4% 100 3i« Jan 7u 400 2% Feb 5 750 1% ."■2 20 V1951 94% 102% 103 120 120 30 % 31 100% Sept ' 11 33 • 94% — 44,000 7 7% 93 Oct % 2% - Waltt & Bond class A...* 25 11 1% % % % 15% * .lu June 1 % *33"* "94 .....1952 5%S. .....1949 Community Pr & Lt 5s.-—-1957 W Jan % ......1969 ... General Public Service 5h>.l Jan July 96% 97 Debenture 5s Jan Jan '-.% • " "~"x $4 oonv preferred—...5 Jan! 1% 83% 82% 94 1,000 134,000 45,000 4,000 85 81% 82% 1,000 87 83% Cities Service P & L 5%s Feb 6% V 7I0 Standard Cap & Seal com 5% r % ■ Jan 3% Feb "* ■' ■ —.1 Valspar Corp com Nov 5 % '5 Spencer Shoe Corp...—.* Stahl-Meyer Inc ——* Standard Brewing Co.. preferred.2( (KyIt- 100 1~4O6 Venezuelan Petroleum... 1 Jan 6% 165 87 84% Florida Power & Light 5s. Jan 1% 24% 1% 24% — Common... .————.1 • ""100 *32 r: Feb 100 "5% "5% Southern Union $1.60 conv Standard Oil 3,900 / .400 15,6 "" * % 61% x June 29% Jan .27% Aug •. ■%" Dec •f. 2% Jan 1% Nov LvfixLXiDeC ~ Waco Aircraft Co 149%" July South New Gas.....* Preferred A —25 Southland Royalty Co..-5 Spalding (A G) & Bros.—1 1st preferred.— —" 26% 26% 46% 31% May 38 26% 26% Dec *ie 5,000 95% 95: 83% 1966 —...... _. Florida Power Co 4s series C Aug Jan 80,000 43 , 88 July June 43% 95 C?nv deh 5s...—1950 Banks 6s-5s stamped Vogt Manufacturing 26% -150 J • >L500 Vultee Aircraft Co—..1 5% original preferred.25 6% preferred B......25 6%% pref series 0...25 38% 95% 1927 ....1952 B—..................1955 73% 69% 88% 103% 107% Consolidated Gas (Bait City)— 3% **!« **16 com_.-l Utility Equities com..10c 555.50 priority stock—.1 3% Jan 2% Sept Feb 31 39 2% July 1% 2% t..l com_.l 13% 7% Feb 4% Sept 2% J 2 %'■! Dec . ""% ""*"% ""% Sugar......5 Utah Pow & Lt $7 pref..* Utah Radio Products....1 Nov % Dec 2,000 58,000 8% 8% 230,000 32,000 99% 99 . ^♦Ercolc Marilll Elec Mfg— Calif Edison— Southern Conv Dec % - 7 7% 7% 99% Cities Service 5s. 6% July Dec Dec V 8% June 49 - Universal Products Co—.* 2% Sept % June 6 Aug 1,600 2% a* 2 South Penn 7% Apr . / H Universal Insurance.....8 June 159%'sept 43,000 "7% ......1948 — ... 6s series 63% Sept 47 Aug Sept *2% 50 >'■. 6% 103H 100% 105 101 106 55,000 87% {♦Chicago Rys 5s etfs Cincinnati St lty 5%s A > 29 . 'Va-IM 2 ClassB-....—......* Jan 6% Co—1 Southwest % 93 Mills...* Co 1 Coast Corp United Wall Paper- Jan 23% 2% Dec 900 v t b: Utah-Idaho Ltd— ■■■■ i reg.£l Soss Mfg common Dec 13 • . —* pref Universal Pictures 130 Organ...—.—.6 Sonotone Dec 830 "T% ~T% 130 28 29 United Stores common.50c Universal Corp v t c 19 Smith (H) Paper Sola;r Mfg conv 80 % 84 1954 Jan -.575 3% Universal Cooler class A.* 9% Co..----—100 Solar Aircraft 1st $7 79 Central States P & L 5%S—....—1953 Mar M *16 50c U 8 Stores common Oct 101 103% 104 1964 Central States Elec 5s.. Sept Sept 80 •i6 43 52% '■<' Reclaiming. Jan 115% 8% .1—1942 Canadian Pacific Ry 6s Central 111 El & Gas 3%s Cudahy Packing 3%s Aug 108% 27% 45% 300 Jan Dec City G & E 7% pf 100 Skinner U S Rubber 79% .8.4 Canada Northern Power 5s....... 1953 Jan 5% 4,100 .7 , Ply wood- Si. 50 conv pref......20 U S Radiator com....... 1 Jan 62 V 500 2,900 dep rets ord Amer U 8 Feb Feb 62 ...* Simmons-Boardman Pub— $3 conv preferred...—* Simplicity Pattern com__l Simpson's Ltd B stocks * Sioux % Dec 6% 2% Silex Co common Singer Mfg Co % % ; 5% cum prefser AAA100 Sherwin-Williams of Can.* Singer Mfg Feb 100 ~~4% ''~4H common...* Shattuck Denn Mining...5 Shawiulgan Wat & Pow..* Sherwin-Williams com..25 Seton leather , *18 50 50 ' Sentry Safety Control... 1 Serrick Corp cla'S B.—I 1,000 Connecticut Lt & Pr 7s A.. $5 1st pref with warr_. Selfridge 7i6 Apr 100 6,000 101 'i6; Jan 29% Mar Dec 80 f 7% 2% 7% 2% U S Foil Co class U S and Int'l Provinc'l Sts Ltd. dep rets ord reg—.1 100% 100% 101 Nov 3% 50 4,050 43 .7% Specialties com__l B--.1 July 3 100% -1954 Jan 69 '"""%"NSV 100 hi-?;' Jan % Dec Nov Dec 38% .25 Oct Preferred...... *i« 1% 10,400 1,100 1% 1% certificates... 10% r ; % ;■ % 3% 3% 47% 50% Profit Sharing.25c ha 2% 10% 102% -1970 Debenture 5s.._..U—1958 1,400 7% June •*16 ■ June ' 70 3,700 i 7,000 ..1968 Jan Dec • 22 % Industries Inc— Convertible stock. $5.50 prior stock Jan *33 j- * , * - 30,000 2%s......... 123 •> Sept 2,000 :Dec 9,200 -16% Dec 17% Milk Products...* $3 partlc preferred.—. 2% 8% 23^300 *82 hi Y United N J RR & Canal 100 Oct 41 102% Broad River Power 5s...... /*ng **16 ' Mar .80 Jan Dec 36 2% 23,100 7% preferred.—.....100 17% Dec 153 Boston Edison 5 %S Common class B..... Dec 156 Jan 8% Dec Nov 106% Feb *61 Nov % . $6 1st preferred.—.— % 156"" Jan »i6 5%. - 800 L *32 *64 *io Sclby Shoe Co Common i. 108% Jan *32 -1998 , 101 United Gas A Eleo Co- Jun 6% % % Segal Lock & Hardware._ Seiherllng Rubber com... Selected 200 54,500 22 200 Inc—.—. Seeman Bros 5% % *16 108% 111% 115 700 —I960 Bethlehem Steel 6s.. 1'* 1 j , 112% 113% 114% 114% Nov H ■> Dec ins 28,400 • 5% Option warrants. Jan United Securities Corp *?S6 . Sept Dec 61 Aug % June • • 14% Apr 60% United Corp warrants.... United Elastic Corp.....* 5,400 6 *32 —........ 'r:5%Dec "16 600 6,700 10c Sept ,"u Apr — ......... 5s series C.l. Jan 3% 1st 5s series B Birmingham Elec 4%s r 6% July 15 9 Dec ,• Bell Telephone of Canada— Nov - 5%. Dec ■2 9 Nov 63% • 100 <fc part pref....* cum Un Clgar-Whelan Sts.. Jan 5% June 3 .600 ; 2. "m' 1 United Lt A Pow com A. 70 6 . 17% May Service $6 pref..* Warrants Dec Mar 100 United Chemicals com...* 3% Jan % June Sept 19 %. Dec 114 United Aircraft Prod 28 Nov % Brook- Scranton Spring Sculliu Steel Co Dec 8 3~300 20% 20 20% Nov Jan 11% Lace common..* Scranton Dec 2,400 —-—25 2% Nov 20 400 $6 pref—..* Water % 600 — 1 preferred—— ..25 Scranton Elec 2 4,800 % Schulte (D A) common Soovlll Mfg,-- 121 .2 4% " Un Stk Yds of Omaha.. lOu Dec Feb Oct % 1 70 2% 2% »u _——..* Oil Co...-..-- —-5 Co common * Schlff Jan 10 100 109 107 Sanford Mills Savoy Union Investment com..* July 27,000 1% 1% 1% 100 ' Union Gas of Canada..—* July May 10 common..5 St Regis Paper 1% Sept / 1 Lawrence Corp Ltd. $2 conv pre!..50 Class A !" Dec 2% 2,000 2% 4% 2% 4% 5% • 2% .1 — Unexcelled Mfg Co 6s stamped—...' Mengel Co conv 4%s -1948 ........1947 176 99% 80 99% 2,000 95% 101 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4026 Volume 154 1719 NEW YORK CURB EXCHANGE iMt BONDS (Continued) '■ Price 4s series Week Since ( $ Jan. 1 ! Low ;-l971 Metropolitan Ed 4s E.-— ; for Range of Prices | 11,000 1st mtge 354s. * Middle States Pet 6 54s ...1945 Midland Valley RR5s.—, ...1943 J9854 9'154 5154 51 6114 48 7,009 10 1 54 1 0254 Milwaukee Gas -Light 4 54s...; .-.1967 1961 — Pub Serv of Indiana4s..... , Public Service of New 6014 i Minn4>&L 102 54 10254 106 J4.106 54 ...1978 454s.-, 1st A ref 5s.— ...1955 „ .4.1957 Mississippi Pow & Lt 5s_ Mississippi River Power 1st 6s. ...1951 1st A ref 5sser C 10534 10554 108 54 10254 10654 ... Jan. $ 106 10654 7.000 10554 10954 2,000 104 17,000 106 for of Prices Week Since Price % Jan. 1 United Light & Rys (Me)— , 6s serles A—..i Low .1952 116 $16 100 100 1st lien & gen 454s....1914 ..1950 — 141 97 111 3,000 116 100J4 121 8354 101 51,000 98 11,090 97 102 99 97 54 99 2,000 95 lti 104 105 16,000 Deb 6s series 162 96 9854 96 54 "9654 -1950 1st A ref 454s ser D—_. 7,000 35.0(H) 99 54. 9754 98 54 High Deb 6s series A—. j..-—1973 Utah Power & Light Co— 107 105)4 109 14154 99 141 14154 98>4 ..1949 — Week's Range Sale (Concluded) 1 10454 10454 10654 10454 -1969 Range Last BONDS Jersey— Puget Sound P & L 554s„ 102 7,000 2,000 22,000 13,000 10354 101 11054 Ut 99 =■'' 9954 10314 j.. 6% perpetual certificates j--y. 101,34- 10754 2,000 ;.r 104 Since ; .i. — S f deb 48-i.- ..1949 98 Range Week > Price . . Public Service Co of Colo— 10654 11054 for of Prices Low High J„: , ,(Continued) J 10554 109 34 1105Vi 107 106)4 10654 ...1965 G.r..i,,:*.*..; High bqnds Week's Range Sale -■ Sales Friday I Last Week'» Range Sale Sales Friday Sates Friday 3,000 ..2022 9454 10254 Va Pub Service 11214 96 % 13,000 104 . Queens Biro Gas & Elec— N .• ..1945 J95 National Pow A Lt 5s B_.iJ_....2030 107 Nassau A Suffolk Ltg 5s 1 'Nevada-California Elec 5s...1956 ■ New •'.■•••• ' •. .u 88 89 1948 116 .... . ... 57545 5854 51. 5814 {5854 7554 J. 1948 Debenture 554» New Orleans Public Service— " $106 101 10154 13,000 100 102 54 10154 10154 10154 3,000 KM) 10314 .1946 10054 10054 1,000 09 2 2>4 110854 1J054 80,000 u.„. ..4—— .. 1953 14 -1951 Wash Ry & Elec 4s.. -1951 Washington Water Power 354s. 2854 1654 854 .1958 — -1961 West Penn Elec 5s. Safe Harbor Water 454s.. 56 69 54 San 106 10954 -5654 91,000 109 83'4 83 5: 84 77,000 8254 8614 8634 8854 58,000 N Y State E & O 3*48- •Schulte Real Est 6s.— 9754 6,000 — 111 1,000 115 i 115 V ^ Scu Carolina 11554 Southern Calif Gas 3 45 V North American Light A Power— 102J4 10254 10354 103 54 ..a.... 1947 5548—,-.;——.1948 — 54 5554 107 10754 103 54 3.000 54h..j-..U--J970 27,000 (Calif)— ;,; ,104 -J2030 -1960 .1969 1st 354b series A...... 10754 10554 100 52 6.0(H) 106 106 4,000 10554 10554 .140. 4054 1,000 : 61 10554 10954 101 11154 3454 4654 -.1948 73 »'4 Conv 6s (stamped)..... ..1948 73 54 Delwnture 6s. 108 106 314s. ...1968 106 10,000 17,000 10610754 1st mtge 3s— 1971 ; Ohio PublioService 4s..... .-1955 Okla Power «fc Water 5s... 104 .—1962 Okla Nat Gas 354s B 107 ...1948 106 110 101 —1951 7354 113 54 106 7,000 11154 (Stamped).—".V.J—— Debenture 6s 10734 104 l0-»»4 HP34 10554 10554 5103 104 10954 106 3,000 Ogden Gas 1st 6s......... ...1945 1 ..—Dec (Hugo) Ccrp-r-. 12,000 6954 7254 7354 58.000 61 73 735i 52,000 6854 73 54 . 68 cVl7 H 17 25.000 64 1,000 61 69 54 66 66 68 68'4 67 10054 -66 7-48 2d.. -1946 2554 7-4s 3d stamped....... C1946 13 $10 32 54 40 t9 54 Bond* Range Since Jan. 1, 1941 for of Prices Low High Week Price Low 8 Agricultural Mtge Bk (Col) ♦20-ye»r 7s Apr 1946 •" ;. .*' ♦20-year 7s....Jan 1947 . .1942 —...— Pacific Pow <fc Ltg 5s .1955 , Park Lexington 3s—— 101 9754 524 .1961 ————— .1977 Penn Cent L & P 414s Bcgcta (see Mtge Bunk of ♦Cauca Valley 7s—u.,1948 2154 2254 754 Jan 28 54 Sept Jan 28.5-4 Sept 2054 Jan 654 Apr 1154 Oct Nov 27 22 Feb 22 20 3,000 28 Nov 654 24 123 54 Dec 97 July May 73 May v.:.-;,. 754 5,000 If^Cent Bk of German Sta«* & Prov Banks 6s B-19SI ♦6s seiles A——....1952 ■'w'l. - Danish 554s 20 25 25)4 With declaration. ^ i. 6,000 68 d * 23 $10 .».... - 25 Mar 5 Sept Penn Electric 4s F—'. .1971 5s series H—— .1962 106 106 95 ♦Extl 6s stpd—... 2534 103 54 10654 107 54 101 ^ 11:600 .10654 10054 10654 10454 110 9,000 Lima Lt 5s....1.. 6s series A.—'—„ .1947 Penn Pub Serv 6s C 3'48..— J.—2. 101 .1961 .1970 Phlla Elec Pow 554b_— .1962 ^•Piedmont Hydro El 614s.... 104 10954 3,000 104 10654 10654 510554 109 114 11454 .1972 Pbtla RapidTransit 6s... 10954 2,000 10554 110 54 10654 11054 510154 106 .196s 5# series 13 Pennsylvania Wat A Pow 3148. '9,606 .I960 105 105 Tletz (L)—see ... 107 54 16,000 2654 10754 105 12,000 -10654 10854 t--- 11854 9954 99 >4 "9954 .1979 .... 10554 $07 .2022 Texas Power,& 118 * 2]doo 12154 96 10054 Leonard Toledo Edison 3 !4s—0—— .1952 *64" 63 5i 10654 10954 40,000 6454 6654 5854 ♦issue of Oct 1927, Dec 27 Jan Dec 16 May 123 54 _ . ♦Mtge Bk of Chile 6s__ 1931 With 28 16 ; .... 15 954 Dec 27 54 Feb 15 54 Dee Nov Feb 40 • 2655 II♦United El Service 7s..^♦Uuited Industrial654s.. United Elec N J 4s— ....1940 5sstamped extended-....---.—1950 598 I960 109 *5* stain ped 1 102 59154 94 9854 8654 ♦1st Potomac Edison 6s E— 10954 10154 102 4 54 b series F— ......1961 Potrero Sugar 7» stamped—— 1947 570 10654 11034 108 54 11254 59854 Power Corp (Can) 4 54s B ; 11,000 .4,000 10954 195u 50 82 54 654 1954 ^♦Prussian Electric 6s., 100 69 75 .1950 Conv 6s 4th stpd—...'.J 9354 100 54 Portland Gas A Coke Co~-~ 26 a 7 1154 114 9 954 J11054 112)4 .1949 . 11854 21,000 .1956 .1941 20 .1945 f 6s... 25 3054 1054 30 14 June Sept 3,009 7u May 20*4 1514 234 8,000 *16 June 254 Oct Jan 14)4 Nov 6)4 .■ Mar 8*4 : : .1975 Debenture 6 54s.....—. .1974 1st lien & cons .»,,s-.... .1959 10054 10054 103)4 9954 101 •* 10054 10054 103 54 103 54 .1952 100 1 — w.J Un Lt & Rys (Led n No par value 1 vs.. 85 66.000 25,000 88 5,000 103 10154 10854 9354 102)4 24,000 9954 100 10154 a Deferred iiilviry sale.. Uuder-tbe rule sale r Ec iucereit d « Oct Oct O Ii-ioc sale. Cash sale. * E{-dividend.' > N J sales oelu< tramacted djrtug $ Friday's bid aid aiked price. Bonds b:lu? tralei flat | Reported in receivership. • carreut week ♦ Used Abbreviations United Light & Power Co- Debenture 6s ♦ Mar 4354 Dec 15 10,000 ; 15 111 54 2754 Apr 42)4 June 1.000 954 154 154 ; 1 Sept Mar 9)4 3054 ... — ""154 Sept 1154 2354 —- .... 18 15 1514 Mar 22 54 —v. '■ declaration..____L ——.2 ♦Parana: (State) 7s...1958 ♦Rio de Janeiro 6548- 8X 'Nov Aug 7 §*Ulen & Co— ile *...1953 5♦Pomeranian Elec 6s Jan 13 6,000 28 123 54 11354 HO .. Feb 554 2,000 8 7X ■-•'a-iS.-. 1921 ♦554s-— ^Santiago 7s......... 2954 1254 6)4 14 $11 ♦Medellin 7s stamped. 1951 Mtge Bk of Bogota 7s. 1947 ♦issue of May 1927..._L 1 U 10254 106 Jan 27 (City) Peru— Mtge Bk cf Denmark 5s '72 10854' $105 .1968 Twin City Rap Tr 5548-—- 115 109 1,000 105 1956 Tide Water Power 5s 103 554 105 1960 Jan Dec 6 54 v'i, 6)4 1953 i Texas Elec Service 5s Oct 7 27' 6 54 • ..... f ♦Terul Hydro El 6548— 34J4 6)4 Jj Dec 6 :— e $2 :::::: 10154 38 7,000 "18.666 Jan Feb Danzig Port & Wate 5654 10654 9854 30 10354 104 5104 105 105 J05 10354 .1979 1st 5s...,vi...4 4,000 -101 101 High 654 24 ;. „. --V- Pacific Ltg & Pow 5s 9954 1,000 11,000 Sales Week's Range Sale Ext 5s..i. 17" r i Certi/icates, of deposit. 7914 64 Last I Stinnes • 9254 9254 92 54 9254 9254 74 54 •V f *f-A; yr.J,,- ' » ♦Starrett Corp the 6s.1950 102 10654 6954 73 54 7354 ... 9254 i 7354 ,..73 54 "735-4 6s gold debs...... 7454 69 32,000 11.000 26.000 i 73 -1957 < 10554 109 p 10,000 73 ■ 1966 Standard Pow & Lh6s__—. -1957 . 59 -1944 t♦Baden 7s..........1951 Standard Gas & Electric— O 9,000 - 10554 10954 6s 69 Friday' 106 54 5054 11,000 . 114)4 119 66 Foreign Governments & Municipalities 104 52 tl07!4 10854 11554 120 -1944 1937 {♦Ycrk Rys Co fisstpd—... ♦Stamped —..-1947 9954 10654 109 6,000 10,000 105 JL01 16,000 *100 5 Spalding (A G) 5s....—1989 Northern lad Public Service— ,93 103 10454 5 54 110 10554 11054 10854 13,000 96 ... 100 ...--2022 .. 8754 9654 85 : 2 108 108 ■ 6s unstamned—......*..t. 6s stamped...%..... 4....... • 1st mtge 33_._v--;———-i—-1971 Southwestern Pow & Lt 6s h' ■ 84 2,000 D 04 54 106 10054 100J4 1951 Southwestern! Gas & El 35<s.—.-—1970 105 54 6454 4954 *97-54.101- "* 107 52 7554 3,000 15,000 8754 " 20 3654 7854] 8854 8754 Southern Indiana Rys 10214 10354 -,vl,000 3,000 ■ Southern Calif Edison 3s..1966 32 1956 • Pow 5s.—V—!------1957 107 54 10654 10954 131 13854 "55"" !-7854 ;875i 7854 "87 54" 114 5,000 1,000 145" 1951 _;,..1951 103 - 3,000 135;' 8 series D—a——1970 Sheridan Wyo Coal 6a _:4 _ _ _ _ _ ^-1947 -Co- 10754 11154 111 , t10454 10954 135 1st 454s Southern Counties Gas 2 North Boston Ltg Prep 354s.... —— Sculltn Steel Inc 3s.'.:... 10154 10554 Nippon El Pew 6548———....1953 ,* 109 109 Shawlnlgatt W A P 454^--—'--1967 1964 .2901 195a N Y & Westchester Ltg 4s.. Debenture 5s , J———.1979 Joaquin ,L & P 6s B—; .1952 51 ♦Saxon Pub Works 6s...j.......1937 8634 100 10154 102 254 107 West Penn Traction 5s_.—— 6954 6954 5654 75,000 18,000 102 W Waldorf-Astoria Hotel— ♦5s Income deb...— 1!*Ruhr Gas Corp 654<i— !*Ruhr Housing 654s„... ; ♦income 6s series A..—1949 Ohio Power 1st mtge 101 .1950 f (is... 6054 11412154 5954 5954 5954 5854 .,1948 .....1964 New England Pow Assn 58, Nor Cont'l Utll 4,000 .1946 s Western Newspaper Union— — — 5H» series A.... 77 26 112 11454 124 87 9954 3EO66 89 <•- 1113 —,:.v,1950 New England Pow 3i4»—1961 Conv deb 5s—: 14 107 76 77 I.-. - England Gas & El Assn 5s. ..1947 5s ,. ,15 $11554 123 i :: 1952 R 10554 109 2,000 3,009 3,000 11054 11054 Nebraska Power 4 54s „i.—».—1981 6s series Ar:..4.....i...^4Vr;..2022 New Amsterdam Gas 5s k 14 5♦National Pub Serv 5s ctfs...—1978 09J4 102 54 10054 10754 . 5>48series A.———t 554s A..... 1st ref 5s series B Deb 11054 ...1960 Missouri Pub Serv 5s 109 „ • , Abite—"cod." '■ v certificates ' ■ denislt; : of "vt c," voting trust certificates; "w 1." when 4.;' "cons." oiu-inllt.ited ; "cum." cucnalatlve, "coav," convertible; *'M," m irtgafe; "n-v," non voting stuoa; Issued; "w w." with warrancj; 't w," without warrants. f Trading suspended effective Dec. Japanese bonds. • 11 T .. iu all Issues of German, Italian, -' and / OTHER STOCK EXCHANGES Friday ouirs Last Stocks both inclusivo, compiled from official sales lists Dec. 29 to Dec. 26. (Concluded) Week's Range Sale Baltimore Stock] Exchange of Price« Price Par Low Range Since Jan. 1, M Week High 1941 icago Stock Exchange i Shares Low High Dec. ?9 ti Dec. 21, Boston & Maine— - bith inclusive, omoiled from official sales lists ' Friday caies Last Class A 1st //Iff/. ;' iH 154 ..100 Range Since Jan. 1, 1941 Shares * Low - ' High 15-4 — Class B 1st pref std.'.lO ) 1" Class D1 st pref stpd.100 ...100 1st pref v t c ^ _ 41 Consol Gas E I, A Pover.* Ci.—.—„—100 Preferred Dec 1.00 Sept Boston & Providence..100 3.60 374 1.05 Jan 554 Brown^fe Durrell Co com.* Dec '7154 Sept Ja« Dec 110 54 Jan ... 113 5 105 470 " 50 1 17 10*4 Jan 5 11354 Calumet & Heclai,, i ..-8)4 15)4 i - 5 o?4 Copper Ra ige—J-'ci* 454 , 554 354 354 Aug Aug 3 54 Aug 3 54 Aug 3 54 Dec "Dec Dec Deo Sept Dec 39 135 Apr Oct East Boston Co.;..., —10 i-y-r Eastern Cus & Fuel Assoc— *: Common. ,L H 33 854 1154 Dec Dec Dec 13 July Au? Finance Co of Am A com.5 ...J.. Houston Oil pref Jan 934' 954 17 9 May -11 21 21 27 27 55 80 1034 21 100 — 29 954 9*4 Class B common..—-5 59 3054 1754 170 10 >4 1554 Dec 1654 954 Dec July Oct Dec Nov h 25 Feb -27 "' Aug Acme Steel Co 54 Oct 154 Feb 4Ii Dec Feb € 7 '4 754 July 454 lc Dec 122 554 474 831 3c ;; 125 _i y' 74 417 43 230 j 41 24 454% prior1 pref.,..,100 6% preferred.;.—J'. 100 Oct 9c June 'lii . . New Amsterdam Casualty2 .I'i'.'J- ' M ' 23*4". 2754 Common..; — — —109 IX V4 2X VI 254 80 1st preferred. ———.100 39c 3JC $fo Amer Oil Co com—... 1 Northern Central Ry—,59 39(5 95 95 39 3) Pa Water & Power com..* 250 20 c 94)4 Jan 39 Dec 35 83 June 8 Jan Sept 1,15 Oet 10 ; 2954 2054 *, Jan A dj ustmen* .100 . Eastern SS cdin Castings.5 Aetna Ball Bearing com—1 Allied Laboratories com..* Allis-Chalmers Mfg Co...* Amer Pub Serv pref.-.100 Dec 354 Jan Amer Rad & Stand com..* Dec 58 54 Jan Amer Tel & Tel Co cap. 2354 Dec 4154 Jan 5-4 -149 217 154 * Economy Grocery Stores.* ."J.. Tc...* 98 Nov Em pi Group 57 Mar General Capital Corp....* -S- .89" - - 454 10)4' 22)4 1 Nov Assoc • * 2)4 Phillips Pkg 554 Vo pref. 199 Seaboard 'Comm'l com.. 10 4—i Guar.—2 85 654 28 23 .•w 23 ; 5% pref A ex-w.',25 U S Fidelity & 5 Jan 2 90 : Aug' i . i 6)4 24. j ■ Dec 12 Jan Georgian Iae <Tue) A prf 20 Gillette Safety Razor Co.* 28 Dec 32 54 Oet Hathaway '2054 - - 9/ ; •i;' 28 Dec 29)4 Sept "654 15 1,705 ■ *, Bonds— 41 A 5s flat B 5s — _ 1 -'-1975 102 - .-:-. — — Ga A Ala Ry 1st cons 42 54 51 59 109 40 Mar . 100 47*4 Sept 56 54 8ept Jan , Jan • 6,090 11)4 1754 2,090 '1754 Dec 102 54 Dec 109 109 2,009 18 4 18 Vfij 5 1,169 1,000 33)4 •> 1154 1754 Ga Caro& Nor 1st fls. 1931 Norf & Caro 2 pf 5 % -1116 33,000 102 1154 5s '45 Sou Bound Ry 1 pf 5 7a lhl » :K-' J. 1976 1975 Bait Transit Co 4s flat • 4 099 Dec Dec 1854 66 7 Bak class B..* Preferredi* 40!) 3*4 1154 170 1C54 Dec 13 Sept Cum preferred,.—;-alOO 20c Sept 454 Oct Jan Belmont 10c Mass Utll Assoclates July 2654 MergenthaleP Linotype, Narrag'dnsett Rac Assff'-.l "i»4j4 New Kngl Tel <fe Tel—.100 10054 1754 Dec 10254 2154 Nov Dec Rig' ts (w 1) * 26)4 255 10c 700 154 '354 !5 ..*•:■ ioc Oct July 27 •• 1 yr ■ Ji \ J1 ' v 1 \ *' Week's Last -1 Sale Range Low ,■ Range Since Jan. 1. 1941 for Week of Prices' . Price Pa Stocks—1 : „' Sales Friday Shares High Shawmut 2c 8/8 TorrlngtonCo (The).;—-* lie 116'54 Amer Tel & Tel—..... 100 11554 12554 Bigelow San Carp pref- 109 Blrd&Son Inc.. ...... Boston A Albany ■_ 10554 < Boston Elevated 10954 Nov 6 Nov 69 1054 97 X 3154 Jail 645 754 Apr 2054 20,54 Jan 354 Preferred—— — 65c 454 ; 5 100 Utah Metal A Tun Co.-. 1 Warren (d X preferred—.... 10U Class A 1st pref stpd. 100 For footnotes see page 4J$ . lx 1722. ■ 154 , 154 50 3 70 1,037 ■ 2054 52c Jan 154 July 414. Dec 1054 Aug 43.0 154 Dec 354 Aug 6054 Binks Jan Borg Warner Corp Dec 30 Aug 2,109 22 74 3,209 254 ; , D> Co- Wire com. 1 preferred-——. * Bruce Co (E L) com.....5 Dec 1 Dec *32 Dec 7 200 lip 787 *"5fl "Nov Dec 294 Jan 2114 Dec 26*34 2074 Dec 3554 2)94 Aug Apr 374 Jan Convertible preferred..* 5Y2 50c y* 854 Dec 2,001 4)4 Dec 59: 300 59c Dec 355 3354 Dec 3054 78 3254 Dec 40 , 43 54 100 4*2 54' Dec 20c 5,105 10c 7 59)4 June Dec 46)4 11 "'854 95n " 7854 6354 Nov 1 4 54 Dec 0554 Jan Feb *i« 554 Jdy Dec Cherry Burred Corp com.5 Chicago Corp common...1 Convertible preferred..* 1654 2054 80 June Cities Bervlce Co com...10 254 2)4 54 10154 Dec 10554 Apr Consolidated Oil Dorp • 39 4 Dec Jan Jaa Oct 11 Jan 21,700 1,400 54 Oct 1 Jau 27 54 Feb 3194 45 Dec 73 8 100 Jan Juiy Jan 2*4 Dec 1054 2,150 4194 Dec 72 54 Jan 1,409 254 Dec 6*4 July 559 854 44 94 Dec 274 502 554 2,200 2,600 Dec 20 15,590 20 1 :':'354 May • Dec •v 54 2054 112 54 994 47 854 4114 Dec Dec 1554 45 Chicago Flex Shaft com,.5 Chicago Ycl Cab cap — Chrysler Corp common 5 he 47 Dec 92 195 45 Apr Nov 28 1)0 23 ■>4 lu 209 39 - 1754 2354 :;«if . 7 874 21X 954 54 28)4 954 Dec 8,300 Caain Belt Co com......* 954 554 959 : 4 Mar 2,003 Jan 23 hi 154 June 10154 10454 Aug Aug Jan Dec 18 954 Dec Consolidated Biscuit com.l 674 14 5894 ]' Mar Mar Sept 4 Dec 54 12 52c 74 '• 54 Dec 4 340 954 6654 .Tune . Dec 2 .. 1,650 Dec 5400 054 ■; 54 6% Dec 71 559 12 >. Dec 31 Jau Jan 03 J- 725 Dec Jan Sent Aug 400 '340 20 18 274 19 4 -854 2074 Dec 1194 589 12 44 Anr Dec 509 Cent States Pow & Lt pf_* . 13)4 June 11)4 June 5 Jan July Jan Aug 514 Ju le 18 54 I 254 54 * Jan 7 1354 ; Aug Sept 16 615 454 .* = 609 . ' 9254 4654 Dec Jaa 600 154 3054 Sept 7554 2 >4 100 92 Prior 1 ien Dec 150 ; 2 ""454 Preferred ,L...——* Jan 55*4 52)4 8 54 3,150 5. *16 23 Cent S W Util com Jan 41 Dec 11*4 pref—..——* Jan 0 Anr 750 - 10 'te Dec 254 1454 20'4 10 !M 12 54 10 359 6054 8 *4 Aug 5 >8 Jan 1074 M ay 254 3214 599 5*4 7 ! 299 , 254 Jan •, . 250 1154 5854 Cent 111 Secur Corp com.. 200 31 >16 '•854 454 1,099 2,453 754 Dec 5854 154 June . Jai Anr 1 Mar Oct 68 54 51 X 5% cum conv ptef—v_30 Campbell Wy & Can Fdy.* Cent 111 Pub serv 86 pref.* 25c 499 •' 2 X Burd Piston Ring com... 1 1954 Aug 2554 June 2 140 1)>4 1154 154 "Hi Aug 94 75) 1,300 Butler Brothers..i-10 Dec Jan 54 Feb Feb Sent 374 Dec 1754 54 5 54 1154 8 Mar 'i« 29 Dec H 354 45c June Dec 50c CI ass A Jan Dec May 455 2 5 " 1154 , Brown Fence & Dec 359 28 3 ' Bonds— 71 - Jan 22 14 Brach & Sons (E J) cap..* 320 ' Prior Jan 7 16874 5)4 C5954 254 ,554 *14"" 21, : 2,298 $00 1,13-5 • : 94 Dec Dec 1,930 7*4 5 Bendlx Aviation com com..5 Feb July .215 74 94 3;54 11894 Com'wei lr,n Edison com.25 12/8 ®32 154 20 450 254 3754 Mfg Co cap—.....-1 Bliss A Laughlin Inc com.5 Jan 20c 654' 54 1 . Jan Club Alum Utensil com..* 654 Jan 3694 1154 Corp..* July July ' 10c 5054 20)4 Feb Dec 525 1 100 4254 -16c Dec 1354 T stamped.— Jan Dec 4054 42 1254 Boston A Maine— Common Dec '2054 1,416 2254 40:4 Radio Sept 26 54 4754 42)4 ,• Dec 4 654 Apr 8,479 .78% 48 2454 ■ 254 Dec 35c 70c 65/8 230 354 Dec Dec 10,9 ;.70C 16,230 2054 1354 653 ,* 54 12c May 454' 10,720 1454 1874 6554 United Fruit Co... Jan Oct 2/54 2 154 May 1254 839 32 54,, 34 16854 May Jan 10 75 754 Dec 100 41 100 Traveller.* 7 07 72 54 '2054 "160 Boston Edison.—.— .25 Boston Herald v 72 54 * 11554 41 9,374 105 Feb 100 >4 2c *i# 1354 1754 25 26 ; 38 Aug 527 1 '454 Sub Elec Sec Co cirri——* High Jan -525 50c As^i T"C., Stone & Web&tOr ——.. "" Low 1354 PednsylVa da RR—-...50 *'1754 70c Quincy Mining Co.;.„.25 35c .Aviation Corp (Del), ' 1 Pacific Mills Co.::;. Dec "5c May 1854 May '141 5 • both inclusive, compiled from official sales lists 3 * 2,043 10054-102 54 -.'.'"3c ■ 14'4 75 74*4 454 cS% 11854 159 C2654 2354 3 3'4 754 754 7*154 354 11854 2654 Berghoff Brewing Corp..1 Bethlehem Steel Corp com* '254 13 14e NYNH&Hartf RR. .100 ;',c 116 Ts V2 31c North B utte i 2.50 '>4 30c 10c 10c Old Colony RR.—i.100 | Boston Stock Exchange ' 495 27 " ' 5c : 510 :' 16 26 54' 4 54> New River Co commorL 100 Dec. 29 to Dac. 23, 10c "25 . vtc.i Nov • Attiey Truss Wheel cap—4 Automatic Washer com 3 Mar 235 ,154 Dec 21 % Fe com.. 100 10c 3854 May * 599 12c .2 54 10 954 1 2* May : Dec 90) 2U4 c25*4 230 3 10: 3 9 11 954 Equipment Co corn..] 16c 254' 10c '154 59 10 Associates Invest Co com.* Atch Top & 8 Aug Jan 3 94 19 54 Asbestos Mfg Co com..—1 3 Barlow (fe^eel'gMfg Acorn 5 Belden Mfg Co com10 21 " ; 51*4 Apr Dec 10: : Dec Dec Aug 23.30 25)4 5774 4354 174 Sept 120 2654 Feb 259 854 Feb 247 ": 40 159 2 ' ,.'<16o 254 Helvetia Oil Co.".i..L:-'r-1 Lamson Corp tDfel) com—5 Maine -Central corn;..'. 100 Aro 205 50 3)4 1% June 23 54 - - 100 Anaconda Cop Mln cap.50 Armour & Co. common..5 23.33 23.43 * High 154 4654 Hi * 200 554 753 7454 June 20 80 ' 85 ...1 Low Shares 4*554 common.25 40 • 7% preferred...:.*.-25 I. Hit Week Price Advanced Alum ' ' Eastern Mass 8t Ry— ' S— Monon W Penn P ' ! Dec 954 109 3554 Rime Sin** Jm for of Prices Low High Abbott Laboratories com.* 2354 70 ; 1*4 163 H •" Par Stocks— Week's Rang Sale ' 39 Fidel A Guar Fire Corp.. 10 ...: Sales riau. Last 510 lc - ■ • 1 454 - ""'19.1 " 13 1 4 - 94 9 54 854 H'54 154 '154 154 154 "177 " Jan 554 10.) * 120 40 54 967 , 954 3354 33 54 .... Fidelity <L Deposit—20 12 2,603 , 1)4" ^ Boston Pers Prop Trusts..* 25c 8 74 1 v t c... Sept 430 UVs 4054 4354 V 105 105 ...... 1 Eastn Sugar Assoc com vtc 1754 40o 3.15 w Dec 33c 49c Bait Transit Co coai v t c.* 4% pref 12 12 Arundel Corp.. 184 154 154 154 154 154 154 1)4 1J4 Cias3 C pref.:... —.1J J Week Low pref. Class C 1st pref stpd. 10!) for of Prices Price Par T Stocks— Week's Range Sale X 1 5 30 Sept Jan Jan Dec 2 54 Feb Dec 654 May Tuesday, December 30, 1941 FINANCIAL CHRONICLE THE COMMERCIAL & 1720 OTHER STOCK EXCHANGES •" Par Consumers Week's Range for Pale (Continued) of Prices Low High Price Jan Dec Dec 10 k July Western Union Tel com 23 k Jan 19k Jan 4k 170 iik 200 17 Ilk 12k 12 W 13 k 225 16 k 685 10 k 80 08 k 110 14 k 16 2k 8k 6k 450 8k 80k 14 k 220 lk 586 7k 300 Ik 21k 100 Gk lk 370 3k 640 2 9k 600 9 3k 1,700 lk 16k 12 K 2k "8k Curtlss-Wrlght Corp com.l Dayton Rub Mfg com..l Decker (All) Colin com 10 6k lk 20 k 20 k 3 * Deere & Co common c7k "Hi pref— ..... Dodge M fg Corp com * Elec Household Utll Corp. 5 9 3 3 Walgreen Co common 255 »ec Dec Jan 15 k Sent 98 k Dec Jan Deo Jan 19 Dec Dec 10 k Ilk Jan Apr 2 k Dec Sent May 2 k Sent Feb 28 k Dec 11 14 33 k 8 ' 27 k 700 26 Dec 2k 2k 350 2 May 4 4 k 100 4k Dec 7 k June 7k 259 5k Feb 9k x3% 3k 150 3 k May 14 k 14k 109 Gen Amer Transp 30k 40 k 275 General 11 11 500 common..! Co com.. * 3k Gardner Denver com...6 Candy cl A 5 500 lk 30 k 33 k 264 "30*" 20 k 30k 10,260 3 k 2k 3 k "2 k ...10 Adv com * * General Outdoor Gillette Safety Razor com com..* 6k 6 k GoodyearTire & Rub com * Gossard Co (H W) com..* Great Lakes D A D com..* Hall Printing Co com...10 Harnlschfeger Corp com. 10 Hciloman Brewing cap-.-l Heln-Werner Motor Parts 3 10% 10k Goldblatt Bros Inn Hupp Motor Car Jan 4k 4 k Jan Oct Jan 6 605 3,300 m 9 9k 450 8 200 Ok Jan 200 7k Dec 7k 109 20 k 50 13 13 k 70 590 8 k 3i6 1 % k ik 5k 1,700 . 5k 5k "ii" 22 k 14 Dec k Jab Dec 13 k Jan 7k 500 4 Dec 100 21 Dec 29 k Jan 1,350 14 Dec 21 k Jan Apr 24 14 k 2 k 250 Dec 3x6 Dec 1 k Dec Dec Dec Dec Dec Dec I Dec 2k 60 k 310 cBk 6k 45k 375 6k 44 k 402 42 k Co cap— I 5k 6k 9 400 5 k 50 8k 3 k' 1,100 3H 1 c9 9 Co common.. 1 Kellogg Switchboard com. * Ken-Rad T & L com A—.* 3% 3k 7k 150 3k 7k Jan Jan 14 k 64 k Katz Drug 9k 40 12k May * Joy Mfg Co com— Sent k Jan 17 k Mar 16 k Jan 4.9 Sept 9 k Nov 10 k Jan k June 10 k Aug 2 k * Interlake Iron Corp com.. Internat Harvester Sept 8 Dec com..* Inland Steel Co c vp Jan 20 k May 7 29 k 210 lk com...l Dec 7 7k ' 7 -v 8 k 29k 10 Illinois Cent RR com..100 IndcpPneu Tool vtc new* Indianapolis P <fc L com..* Indiana Steel Prod com..! Dec 10 1% 2 k Dec Dec k 10 k 10 k Illinois Brick Co cap Jar vis (W B), 43 k 10 Bart.lett com 25 Hordeis Inc com.. * Houdalllc-Hcrshey cl B..* Sept Oct 10H Hibb Spenc 34 Dec 7 k 8k Jan Dec 2k 500 6 12 2k May 7k "s% 55 k 28 k 1,000 «k 12 1,300 63 k 3 4 90 k Aug July Jan 11 9k Dec 5k Sent Jan 5k Aug 50 31 30 30 30 38 k Dec 50 k 103 preferred 6 % preferred... 92 83 k 92 70 88k 108 k 100 3k Dec Jan Jan Jan 5 Aug 3k Leath & Co com 3k 3k 3 Llbby McN & Llbby Co com.* $3k preferred * 5k 100 4k 5,750 k 1,000 k k 230 9 8 5 8k Dec Nov 3k 'ic com.7 Lincoln Printing 7k Jan lk Jan Dec 8 Lindsay Lt & Chem- r"w Lion Oil Rcf Co capital...» 12 k Marshall Field com Martin (Glenn L) Co com Masonite Corp com. McCord Rad & Mfg 10 k Dec 19 Feb Westnghs EI A- Mfg com.50 Wleholdt Stores Inc com..* 75 70 k 470 71 Oct 6k 50 * 91 170 2k 1,100 July Mar 21 is Dec , ...... ) I Kenitli Radio Corp com..* Botroii Stock Exchange Dec. 2S> both inclusive, compiled from official sales lists Dec. 20 to Last Par Stocks- Week's Range Sale of Prices 4k 4k 20 4 k Dec Mach___20 17k 18 6k 15k 2k 266 16 k Feb 6k 15k Baldwin. * Chump Paper & Fiber Cbrungold 5 "85 100 5ft Cincinnati Telepbone---50 Cl l Tnbacco Ware.....25 CIiU io» Stock Yards..* Crosley Corp Cln Gas & Elec pref 5k c3 200 ) N Y Central RRcap——' 7k > * "iok May 37 8 Dec 11 3k Aug Aug 5k Dec 150 1,650 7k 23 Aug Jan Jan 32 Dec 14 502 19 k Dec 32 k k 650 3 k Nov 8 100 6k Nov 10 250 7k June Jan 10 Apr 6 May 230 150 -Feb Sept 81k Sept 2 Dec 10 Jan Apr Dec 54 k 90 4k Dec 13k 1,400 12k Dec 16 :•!■ 8 9 300 8 Dec 13k Oct 60 60 190 45 Jan 63 Dec Penn RR capital—— ) 3 Mnores-Cmev cl A Pumps. National Potter Co (The) com... — -/ — - k 23 143 .... 52 - c2 k 2k ) —— 16 k 14 Sangamo Elec Co com... ...... ► .. 42 k Dec 13 Jan lk Aug Dec 3 Common I Aug Dec 105 160 Jan ♦ • so 9k 1,450 700 13k 6k 800 6 13 3k Jan Sept Oct 20k Aug 22k 9k 78 k Jan Dec Jan lk Feb 6k Sept 60 28 k Mar 30 k 17 Dec July 37 Aug 12 • Dec 29k Mar 1 20 93 k Dec 100 k Jan 125 2k 50 Dec 6 Dec k 70 Jan c3k ,'V4;:/! 1,250 3k Dec 5k Ik 300 lk Apr 2 Mar 34k 46k lk Dec k 100 5 "30" 30 30 k 923 25 k 42 k c41 42 k 580 40 k k 1 Jan 9k k 9k 399 9k Dec 13k k 300 k Nov lk 4 k 3k 4k c3k 3 k 18 k 1,000 18k 550 10k Dec Dec Dec 23 k 23 k 23 k 1,850 19 k May w 1,650 100 110k Daw Chemical pref Elec Controller * Firestone T & R com.. 10 355 Interlake 27 Ilk 8k 3,524 20 13 - Dec 18k 25 k V 7 579 24 k Dec 35k 7 Dec 14k 14k ' 4k 3k 8k 6k 39 Jan 17 k^ -—- 15k 20 2 k Jan 2k 562 V,i Dec 4k June General Motors com 10 29k Deo 48 k Jan 1 Gar Wood Ind corn Standard Oil of .29 i" > 5 Jan 1,00 Jan Mar 80: Nov k 3'| Dec 7k Jan 17 190 17 Doc 10k 301 10 Sept k Jan 25 k 165 25 k Dec 25 k Dec 270 7k 13 k 395 2*4 Dec Dec k Jan 30c June 46c Oct 'Mat lk A or Jan 17 7 k 3 29c 32c 1,625 1 1 1 8 2 k lk 280 - c US Steel i 50c 60!) 40c Dec 720 2 l<k Dec 26H lk 105 Apr 2k Oct 17c- 18c 1,439 lk 16c Jan 25c Jan 1 1 1 lk lk ik 100 1)4 lk lk ik 89c 100 1 100 60c 5 401 5 900 90e Dec 5k 909 5k * Ironworks Van Darn Nov Vlchek Tool 7k 470 7k Dec 12 61k Feb 9k May 79 37k 15k Dec Dec k 17 69k 28 k * * Motor Products com 5 9<)C , 61 17k 27 k * .37, ■v 4-.. Sept Jan 1 2 Weinberger Drug Stores..* White Refining., Motor . r I Youngstown Sheet & Tube* k Jan 9k 33 Jan 8 1,181 24 k 4k Dee Dec 53c 600 55c Dec 1 k 1 % 1,613 lk June 2 Apr Jan 30 k 180 lk 100 2 ' 2k 15k ' 2,330 lk 435 ; Dec Dec k Jan 3k Jan Jan Jan 11 2k k 2 Apr 15 Doc 20 H 2 Dec 4k ,2 k 2k 500 Jan Jan July Sept Jan Jan 2 k lk 210 1 Feb ik 10 k 1,175 1 k J 00 10 k Dec Dec 4,579 !10c Nov lk Jan 797 140 40c Dec 75c Nov 2k Dec 4k Jan Mar 92c 95c 40c 2k 2k l»i 3k 2 950 lk Dec 3A 3k 350 3 Dec 5 101) . k 7 7 7 Dec lk lk 850 1 k Dec 30c 30c 9k 35c 2.350 30j Dec 431 9k 640 2k 1 10 ,9k 2k 1 1 2k lk 205 2c Aug Aug 12k July •40c ...1 —* Universal Products com..* Walker & Co fl ...* Jan 13 k 5 July Jan Jan Dec Dec l'i 16k 3k Mar Feb 2,UK) 2c Los lk Jan Nov 13c Feb Apr 2c Angeles Stock Exchange Dec. 20 to Dec. 26, both inclusive, compiled from official sales lists Sates ,v Apr Week's Range Last Stocks— Price Inc50c Bandlnl Petroleum Co—_1 Blue Diamond Corp.—..2 Bolsa Chica Oil common. 1 1.50 1.05 2,60 2.65 1.80 1.80 1,200 1,510 50c 52 kc 2,860 5k 595 ""500 5k Calif Packing Corp com..* 5k I' V 10k - 21 , July , 13 ian Sept — Preferred - 5)4 Aug 38 July - lk Oct Dec 12k Mar 13 k Dec 23 k Jan •' H :k Mar ; 3 Mar lk 26 49k Oct .',7 Jan Dec [29 vDec .• Dec 50 .12 ; k June Equip Co. 1 al8c Farm & Merch Nat Bk.lOO ....i Exeter Oil Co A com. . — . Gladding McBean 10 Co—* 17k Goodyear Tire & Rub Co.* U 24 23k 407 90 48c a k Ok a4c 87 8k 14k 32 k 33 ^ 20 270 Apr July Lockheed Aircraft Corp..I 2ik Co.-10 — 1 "Vio Los Angeles Invest 21 k Jan 6% 1st preferred.....25 Pae Ligh ting Corp com... * Pacific Pub cerv 1st pref.* Ju£ Sept, Republic Petrol Co com._l 5k% preferred..,....59 Richfield Oil Corp com. * alike a6kc 1.25 1.35 3,572 6k lk 45c 400 35c 39c 3k 6k 4k 18 *26 k " L70 Nov Jan 17k Jau Sec Co Units of Ben Int— Dec 42 k Jan Big al Oil & Gas Co. A.* 1.75 a36 9k May Jan 26 k 210 10 k Dec lk Apr 2 400 31c 125 700 3 24 8 2k Mar 60c Sept 70c Aug 943 3k al5 Dec 29 k 1,000 30 7k 30c 2 k 40 Aug Dec Jan 20 k Aug Sept 17 k 6 Aug Mar 31 Dec 5k Dee ■Ilk Dec 28 k 34 k Dec 40 Dec 31c 24 k al5k 3k ' a42 k a42k . Shell Union Oil Corp....15 1.70 200 46c 2,528 1,170 3k Safeway Stores Inc—....* Doc 18k a29k a29k 26k 27k 10k 10k 9k Ryan Aeronautical Co.._l lk 10k 18 a36 ""31c 7 30c 500 '' — Ja" Apr 30 Apr 39c 3k 6 k * 10 Pac Gas & Electric com.25 July 220 21k 45c OHM & D—1 Oceanic Oil Co. .1 Mt Diablo 48 k 29 lie 10k 20 Feb Feb lh» Jan ,v 12', Pacific Clay Products 8 57 kc - Jan Pac Finance Corp com.. 10 k Jau 33 k Nov . Dec Jan k 1,400 Apr Jan 100 Dec k 6o : ,500 20o 35k 7k 45o 27 a4c 8.i 22 k 9 Dec 6 k Dec Doc 24 100 Dec 3k May Dec 450 337 Jan 4 11 1,900 Warrants 1 14k , Feb ,435 a7c Aug 70k Deo 1,252 33c 13 .Dec Dec 28 k 5k Jan July 47k Jan 8 k Sept 20 k Sept 7k 10k 47 .331 k 2,484 Jan Aug 410k 1 32c Dec Feb Dec 6k 10 34k 7k 47c 15c June 380 a7c 14 k 113 • Mar 74k Sept 9k Jan 32c Inc..—.40c 27 856 Sept- 6 Feb Dec Dec 7k Lac Chemicals Menasco Mfg Co.. 1,517 23k Dec ttk 4 k Lane-Wells Co. i... 1 Lincoln Petroleum Co.. 10c 3k - 3 k 45c "> Mar Dec 68 k 15 . Sept 6 k May 8 k, fcept Feb ■ »45c 14 k 08 k Dec 4k 140 25 Hupp Motor Car Corp...1 Intercoast Petrol Corp. 10c Jan Jan Aug 100 6 Holly Development Co—vl 30 k 20 17 loo k 30 k iik Jan 5 al8c 11 9k 556 380 29 k Jan Aug 105 „ Oct Ilk 22 k 6 225 6k 4k "ii V Oct 15k ' »; 9 k Sept Sept July Feb 3k May 41k Dec 178 "29 k 24 lk 2 al8c 380 Foster & Klei er Co—.2,5) Hancock Oil Co A com.—* Feb 10 :Apr 625 1,127 3k 3k 004k a64k 6k 4k : 620 5k 4k : Aug Mar 6k 610 17k ———* Douglas Aircraft Co.....* Electrical Products Corp.4 Emsco Derr & : 97 kc 3k Apr 8 V Apr - Feb k June Jan 24 Dec 29 5 ■ 4k Creameries of America... 1 15 812 5 Dec Sept 17 k 401 11 43 k 41k 43 Jan 2k 3k 2k 503 90 16k al6k 10k 11 10k 10k .—1 Chrysler Corp..—., 5 Consolidated Oil Corp...* Consolidated Steel Corp.* lk 190 10 10 a high 1.20 May 2k Jau 400 2.60 Store..* * Broadway Depart Jau Low Shares 1.50 Aircraft Accessories Aug High Low Range Since Jan. 1,1941 for Week of Prices Sale Par 5 Dec 3k 200 4 Jan Sept Jau 17 k lk 1 % 95c 40c 2k lk 1 Cessna Aircraft Co. 40 6k . I" 8 50 Dec 4,204 10 k Jan 108 51k 6k 4*1 Aug lk 2k Jan . 5 50 k k Mar 8 11 4 2 2 ] H ... Warner Aircraft com 1,25 Jai. 4k 15 Universal Cooler cl A....* Class B Sept 25 k 2 2 United Shirt Din com...* United Specialties June Ik 1 ........... 650 Jan % I k 50c 4 ■ Stearns (Fred'k) com... T1 vol! Brewing com...... 1 — ! k lk k lk 24k lk River Raison Paper com..* Scotto.i-Dillon common. 10 11 k 4 2 Dec May Dei 380 11 4 Rickel (H W) common...2 Udyllte— k 11 Motor Wheel com—.—5 Ilk 25 10 35 k 35 k Jan Warren •' = 5 — 26 60c Dec 98 c 80c 80 MIcromatlc Hone cotn...l Mid-West Abras com..50c . Jan 22 k 17c 43 k lr988 ; 12 8k V.16k 16 k 4 50c 1 Michigan Silica coin Michigan Sugar com...— Aiir 14 lk 29 k Feb May ' 4k 26 com.....—* Sept 1 21 21 k common...10 LaSalle Wlaes com—— ..2 Dec 25 ,7k 10 10 2k Sept 57c 30c 118 Hurd Lock & Mfg com...l Kissel Drug common Dec 700 1,100 3a Hudson Motor Car coin Kingston Prods com. 2 62c 63c 7k Kresge (S S) • 29 10 ..—...* —- 2,300 1,000 Jan 25 k 25 k pec ; 29 8k 8k Jan 3 34, 5 Hoover B ill & Bear c )m..l0 Hoskins Mfg common. .2 k Ho'idallle-Hershey A....* 15 , 2 39 , 12 Jan 00c Gen Motors Corp com.. . Ohio—25 Sept Nov Jan ,5.k lk. 29 * Rlchman Bros—•«. 10k Si), GOe Hill Lamp common. B 2 2 ; 6 : 17k S38 12 Republic Steel com 6 cl5k Dec .38 ,.7k • Patterson-Sargent.—^^—* 24k 370 lk Central Invest Corp.-.100 2,317 2:46 k 480 335 3 ik 2k 30 k 125 i 17 k 117 k iSlli Jan lk 2H 29 H 50 j-ik. Iik 'Tin 45o 2k May 100 38. >.38 ; , • Sept Jan 85 17 k • i 1,090 Dec k 20 k Jan 2k .'• V:'75 H 5 351 Apr Sept 3 3k Byron Jackson Co— 23 k 6 k' 6 k 23 k- ik Sept Aug 25 21k Dec 25 —— H Feb .10 . Dec Apr Ilk Ilk 71k 330 - 75 75 May Dec Ilk 36 10k -12 ""75" 108 99 k .101 Ilk ,14k 10k * ..,iik .7* I "ill —* —* . 7 : 109 99 k 100 * Aug 16 k iok 23 Nov 4 July 180 Nestle LeMur A— 16 k 340 10 k I k 3c ■ 1,225 14 Jan National Tile Ohio OH com 18k 30(1 9c Friday National Acme.— : 1,922 2 Feb <:£ Ohio Brass B— 36 k Apr 12 k 31k ,15,i6k * Dec 75 .'iik . 19 7c Wolverine Brewing com..l 13 k 31k 34 k 3 k 310 Mar July Feb * Cement * Brick.....* Murray Ohio Mfg— * N Y Central RR com.. Feb 116 k Jan Aug k. 25 Metro Paving 5 9 Jan 16 k 950 Nineteen Hunared A Aug 6k 65;, 280 1 National Refining new—* Prior pref 6%. * Jan Dec 3k B 13 10 • 9k 503 1722. 8 69 > 3k Medusa Porttand 10k 2k 81k 50 * ,9k McKee (A B) Dec 20 3k Tr..* June Dec .. , Oct 27 20 Jan Feb Oct Sept 33k Dec 17k Jan Dec . 10 k 125 56 * 850 '111111 si •100 29k 55 * Lamson & Sessions 1,050 10k 3)k 94c Dec Dec Jan 21 Sirhpliclty Pattern com..l Standard Tube B com 1 Dec 25 29k * Jaeger Machine 18k 70 k 5?c Dec Union Investment com..* at 66 110 com..* Iron com * """ek 42 k k 37k 570 2 7c 10k Tom Moore DLst com.—.1 Dec lk 1 100 industrial Rayon Interlake Steamship 8k j. 441 , • * 17 k ;.• \73 * 25 "166" Preferred. *.100 1 Glldden Co common * uk Goodrich BF... * Harbauer Co— 11 Dee 7 General T & R Co.. Goodyear Tire & Rubber.* Great Lakes Towing pf 100 Dec 110k 112 ...... „ 6 16k 864 7 - 22k '.500 8 25 k General Elec com : 68 k page * * Eaton Mfg •5k 9 Jan Dec 72 Ilk 17k Union Carb & Carb cap.. For lootnotes see 2 11H 39k 5k 7k 7k 51H 8k . 625 ;i 8k 2 26 k 33k 5k Corp caoltal.. Jan tent 75c lk Sept Dec Slieller Mfg com.—..... 17k 71 -k ■: 100 Cliffs Corp com -.5 Colonial Finance. 1 Comrn'l Bookbinding....* 17k Texas Jan High 36 Dec 4k 48 k Dec Jan Sept Range Since Jan. 1.1941 Sept Dec July 9k 37 k July 4k Shares V ' 6 8k 2 Cleveland Ry Otis Steel r> * 29 k 15k 10k Dec Dec Dec k July Oct Aug Standard DredgeCommon 6 8k 71k Jan 100 50 Dec 9 8k 12 16k Jan Dec 250 : Jan for Week High , 25 k Aug 2 k 12 k 100 32 3k « 50k 200 93 k 4k 57 k Jan Apr 14 k 15k - Dec Dec k 350 50 ""4" 2k 41k May 100 lk 10k •• July July 9k 40 of Prices 12 City Ice & Fuel.. * Cl Builders Realty. — -* Glove Cliffs Iron pref— — * Kelly Island Lime & k 6k .43 k k 987 Low Jan Dec Dec 30 Jan Feb Dec 713 Price Par Dec 9k 51k 142 k 13 IIIII* Ilk Aug 90 93 k * 28k 1,135 32 — Sou Bena Lathe Wks ca S'west Lt <fc Powpref... 20 3,160 4 ) * k Ilk 1,470 l 5 Sales Mar 52 Jan 15 100 8,815 Week's Range .15 ? 6 50 k 8k both inclusive, compiled from official sales lists Brewing Corp of Amer. k June 950 30 50k 29k 30 17 k ; 200 " Sept 20 ik 30 k 42 k h ""e" Jan 455 16 k July 61k Dec 4 2k Deo 147 10 k 8k 9k 9k "ik Virway Electric pref—.100 Viner Coacli & Body.—-5 8 2,000 Die 4 3 Michigan Die Casting 8k Stocks— Dec Jan 2 Jan 1,905 3 33 k 5k 5 Jan 49 k 6 2 k Nov k 315 4 July Fk 10k cl6k 13k 833 Last Sale Sept k k k 51k 1 Dec 140 Nov Feb Mar 91c June 330 1 Mar (10c 2k 525 18k 18k — — — Granam-Paige common—1 Grand Valley Brew com..l June 175 375 1 k 3k Goebel Brewing com H ik 3 1 9 Jan 908 1 9k July 415 June 3 k .Jan 4 49k Ik Sept Dec Dec 9 Oct 12 20 Jan 5k 3 3.1.1 . 16k Dec l 76c 2,240 70c ClevNavcom....10 Detroit Edison com 100 Detroit-Mich ,-tovc com —1 Detroit Paper Prod com.. 1 Detroit Steel Prod com..10 fr'ederal Mogul common. Federal Motor Truck com * Fraukeninuth Brow com.l 30 Dec Jau 2,375 Det& 45 D3C V 3 lk Nov 1 24 lk 2 JV1 fune Jan Dec k 0 k 1 * Dec Ilk Jan 6 lk 1 July 29 k Oct 20c Dec 3 6k le 24 k 52 Friday 27 49 k ...— lk ) 5 Jvv lk Feb Ju Nov 3k 14 k 492 15 High 9k Jan McClanahan Oil coin * Motors-i: 10 Dec. 20 to Dec. 25, 54 143 143 4k 925 1,48!) Peninsular Mtl Prod com.l 25k 57 k clOk 57k Preferred Jan ho 35 k 5 Timken Roller Bearing Jan Dec 500 29 9 k 2k City Ice Columbia Gas Dec lk 23 Dec 2k 35k 50 10 llnlisted-^ v; ■ Amer Rolling Mill......25 17 k Feb 6k . 19k k 95 4 4 -- Wurlltzer 17 k 3k 6k lk C21k Mar ■465 49k 50k Preferred... 36 k 100 k 23 217 1 1 10 - Ranid 330 4 lk » Dec 43 9k 3 2k —-* — Preferred PAG 400 18 4 16 k. "3 Mcte.>r__ 645 18 k 44k 17 k 4 Poor & Co class B. Jan 116 9k Mmlscbewltz k 17k 18 Deo 6k 740 1 1 Oct 5 26k 14k 20 Leonard.... Dec l16 43 k — 29 k 25k -.12 100 — A— Kroger »u 100 lie 17k . * k 26 k 1 preferred. preferred—v 7 16 k 5k 14k 30 k Ja v July Feb 8k 10k 252 5k Mar 6 14k 45k 20 — Crowley Milner coin Consumers Steel com 5k 5c 6 Continental Motors com.l Jan Dec 20 20 . Oct 99 Feb 30 19 18 > Peoples G L & Coke cap Perfect Circle (The) Co. 5 42 k 16 : 170 : 6k fik Gibson Art 5k 107 Dec Jan 6 k' 16 Jan 14 13 k lie 7 4% 5 Faultless Rubber... 850 k ) * 346 ' 125 14 2k cl3k 110 6k Aug Mar 4k r':''"5!v: CIII*1 4k 7 6 7 Feb Oct 55 k k 2k 12 7 ok M Aug Feb 0c 3k 14 k Burroughs Add Mach * C iamb Mil We vt iercom.5 Aug 3 .July 74 k- 5c Briggs Mfg ointnoa—14k Brown McLaren com—..1 5 Doc Jilr 7 Hatfield k 2k 60 42 Sept 10 k 7k 55 Omnibus Corp com..— 35 k 10 k 10 k 55 k Jan Ok 7k » Feb 10 4 4k 6k 10 k ) Deo lk 39k 1,025 7k 20 k c7k 4k 28 k 5 150 85 171 1,577 4k 75 4k 7k Jan Dec 24 k 20 20 Noblitt-Sparks Ind ca North Amer Car com. 6k 3 4 23 23 Sept Aug lk June 3,350 8k 3k July Dec k 24 k 8k Sept 100 Feb Jan Apr Aug Dec Dec 22 k 600 35 35 ""8k 3k 1,950 3k May 22 k 1 Eaile-Picher ——-10 Formica Insulation.... Dow Drug d refer red... k 100 W 8k Dec Dec Jan Dec 2 k LotO 100 3 k 5c 3k Murray Corp com 10 Packard Motor Car com..* 17 k k 25 3k k Jan Apr Dec Dec k k 200 22 k % "25" Apr 3 20 k 22 k 22 k Modlne Mfg com.. 17 k k 100 k 6 k Apr 3 400 4 Dec 15k 86 k * Crystal Tissue. 6k 50 175 219 4k 74k 4 k "4 k Sept 151 2 85 4k Cincinnati Street 7k May 23 k Range Since Jan. 1,1941 Shares 7 7 com...5 Auto City Brew com 1 Baldwin Rubber com—.1 July Jan 7 k 2k 2 2k — — Cln Ball Crank. Part High Industries.-..,* \mer Laundry Prior Price Apr 2k Oct 4 Low Shares for Week Atlas Drop Forge Aluminum Iiobart Pa1 Stocks— of Prices Low High 4k Jan Dec 9 Dec Dec H Range Since Jan. 1, 1941 Week's Range Sale Prudential Invest com... 1 3k 4 /. Last for Week High Low Price Sales Friday Sales Friday Sept Jan July 2k 500 both inclusive, compiled from official sales lists Dec. 20 to Dec. 2*5, 28k 19 3k k Aug 32 k 950 H ftk Anr Apr 100 k Telephone: Randolph 5530 Jan 15 k 15k Dec 13,450 k 5 k Dec k 3k 8k Dec Dee > 20 k 3k 8k Jan 4% 3k 100 8k 8 DETROIT Jan ..* 3 9 10 k 1,300 k e Parker-Wolverine com...* 3k 9 2 k 250 8k 2 • Aug 5 79 k Parke Davis com 3k 9 100 Uk cap...5 : Sept 3 — Dec Ford Building Sept 3k ...... Dec 59 k 6k Dec 2k 571 Coach cl B—1 Mickelberry's Food Prod Common 4 k 650 Chicago Stock Exchange Mar 17 k 20 12 4,200 2k 53 k 4k 2k . ... k Dec 165 2k 3 Feb Dec 22 k 11 Jan Sept New York Curb Associate Detroit Stock Exchange Jan Feb iik c21k 3 4k 1 ; New York Stock Exchange Oct 93 2k cllk 2 Wrigley (Wm Jr) Co cap .* Yellow Tr 150 May 159 k 4k Wisconsin Bankshs com..* Yates-Amer Mach 90 ■ilk ! Feb 5k 50 91 lk com.* Woodall Indust com Members Mar 18k 31 k 104k 8k May 11 95 6k , , k 840 k pref May lk 200 23 24 13k lk A..* Merch & M1 rs Keo A com. 400 259 Williams Oll-O-Mat WATLING, Lerchen & Co. Jan July ■ 11 k Cum prior Jan lk 4k 1% 25 12 k 59 70 k 130 13k 16 k 3k 10k 14k k 26 k .... 9 ik ih Loudon Packing com... June 11 200 9 14 Liquid Carbonic com... 20 11 11 Dec 24 k General Preferred— 15k 10 k U SPrinting.. Dec 5k 4k 10 Le Roi Co com 432 23 k July 9 k May 7 Jan 9k 56 k Kentucky Util— Jr cumul 18k 10k 1 Jan 42 7 7 Mar 100 Jan 33 k 25 Dec k 18 Sept Oct Feb 600 3 105 k Jan 19 Dec 25 4,055 lk c25 lk 47 k 45 700 Feb - 5 Aug 39 k Dec 9k May 20 k 25 k General Finance 3 14 k lk com..* Corp coml Foods common..* General Electric Co Gen Motors Corp com k Dec 2,500 lk lk 4k Sept 20 k 2k 7 High Jan 26 k 15 1 fritz Simons & Con D & D— Common. * Four-Wheel Drive Auto. 10 Elgin Nat Watch Co Eversharp Inc com 4 Low Jan Dec Dec 19 k k 51k 50 k - - [941 Range Since Jan. 1, • Shares . 113 k 114 k 51 :, for Week of Prices High Low 1 * Wayne Pump Co capital.. 16 k 7% cumul pref100 Cunnlngliam UrStores-2k Curtis Lighting com...2 k General * preferred... 100 cum 6k Ilk 4k iik 4k 7% Utah Radio Prod com 2k 170 of Amer—- Common.—......---20 Continental Steelcom.—-* Crane Co common 2o Cudaliy Pack com 30 Fuller Mfg Co Par (Concluded) Stocks Mar Mar Jan Jan Teb lk k 80 lk H 4k lk H . De Mets Inc Last Price Sale High Low Shares Week's Range ' •• U S Steel common Common class A.>...10 Common class B ———* Vot tr ctfs part pf stas.50 Container Corp ''1 Week ( Co— •• Range Since Jan. 1, 1941 Last Stocks Sales Friday Sales Friday 17k 3 Jan 40 k Feb 12 k Nov May June 1.10 6 43k Aug Jan Jan Apr Jan Jan Sept J'Hv Aug July Sept Aug 24 k 100 24k Dec 38 al0k 228 10k Feb 15 Oct 100 24 Dec 30 k Aug 24 Jan THE COMMERCIAL & FINANCIAL CHRONICLE Number 4026 Volume 154 1721 OTHER STOCK EXCHANGES sales Friday Last Week's Range Sale Stocks (Concluded) Par Range Since Jan. 1,1941 Z* of Prices Low Price Dec. 20 to Dec. 28, Solsr a lrcraft Co 1 2V So Calif Edison Co Ltd-25 17 H 0% preferred B 25 5k % preferred C—.25 Sou Calif Gas 6% p-ef A.25 27 H 27k Southern Pacific Co.....* "m Standard Oil Co of Calif.* 20 k Taylor Milling Corp.....* 10k 25k 25k 4,253 10 4 0 6 900 fiV Dec 5k Jan Sept Dec 4 • Aug Nov Ilk Dec Dec 6k 6k Feb 12 k Jan 14k 25 8k May 4,336 4,532 13 k Jan Mar 16 9 Jan Jan 9 OH 280 6 k Dec 7k 7k 9,410 4 k Apr Ilk Sept 8 8 210 Apr 11" k 40 4k 0 Mar 0 k Nov 100 lk Apr 2k Jan "~i% 1 Weber Shwc & Fix 1st of..* a5k Wellington Oil Co of Dei.l «5k 2 2 Sept Alaska Juneau G M Co. 10 Jan lk Ik 100 lk Dec 5 5e Oc 3,000 5c Jan 10c Cardinal Gold Mining Co.l 2c 2c Nov lc lc 3,600 2,000 2c Zenda Gold Min Co.....l lc Dec B1 Mammoth C >ns Ml vlOc Oc . Mar Am Smelting Ref Co.....* Ainer Tel & Tel Co a40 11!) 119 122 a2W* a3 fi26 k «2S k a2k a 3 100 5 Atchison Top & San Fe 100 v t 26 k 3k """356 Aviation Corp (Ti.e) (Del)8 cl3 Barnsdall Oil Co al3 .5 Jan Mar Steel Corp...* Borg-Warner Corp.;..._5 Canadian Pac Ry Ci...25 Caterpillar Tractor Co * 3 July Jan 5k 30k May Jan 18k Apr 29 k Dec 3k 300 158 Feb ■ 018 2H Apr 4k Jan 30 ■ k 13 k Dec 18k Jan 13 a8 k 310 8k Dec 59 k 59 k 519 57 k Nov 51 10 k Apr Dec Sept 10 83k 20 k Jan Oct 3 '4 36 k 3 k 1,000 3 k 30 k 208 36k a2k a2k 51 ik 520 k 2k 2,225 k Dec 500 2k Dec 4 Jan Aug k a23k 8k 8k a'i k Columbia G & E Corp. ..* Commonw'th & Southern. * 37 17 k Feb 20 k 214 a 23 Curtlss-Wrlght Corp.—.1 Llec Power & Ugm Corp.* H!4 flui« * 46 k Dec *4k""jan k Feb 10 k 4 k 34 k 5 Ilk 20 k 23 k Feb Dec k 3k 108 1 H 29 34 k 145 31k Dec Aug Oct 39 34k 065 30k Feb 37 k a9 k al»k Motitg Ward & Co Inc...* 25)4 25k N Y Central RR Co.....* a7'A a North American Co "i>% ....♦ Pure OH Co.... fllOH aim 51 Southern Rail May Co ....*• Standard Brands, Inc * Feb 9,k July lk Dec 3k Aug a 18 k 137 20 k Dec 25 6 8 k Jan 11 k Dec 2k Dec 4k Jan 155 16k May 15k Dec 22k 51 Dec 72 k a 12 % 320 8 Dec 10k 15k 75 14 July Jan 110 913 8 k a Dec 15k 51k 18k 4 1,010 42 391 04 k 03 k 20 90 3k 1 k 109 lk k n23k 01 42 k 204 k Ilk lu Feb 424 2k a Dec ! K 42 Texas Corporation (The) 26 3k " Apr July July Jan Dec 5k 0k Jan 40 k l)ec Apr 34 7k Aug Dec Dec 8k 1 k Jan Nov "ec 23 k Jan 20k 37 45k Dec Dec Ilk, Dec ilk 125 9k a'i 8 k a/Ok «9k alt) 25/ 04 k fljk Union Carbide & Carbon.* k 985 k Get lk Jan 15 k nl5k «15k 100 21k Feb 28k Sept a70k I Joes Transport .5 (Del). * U S Rubber Co.. 13 k 14 Swift & Co............25 Air Jan 0 k 10 k alk a3 k Corp.. _i Superior Oil Corp (Del).. 1 United Corp (The) 17k 190 048 a 23 41k Studebakcr Un Jau 125 8k «15k 3k 41k 4 Standard Oil Co (N J)..25 Stone & Webster Inc.-.-* 17k 472 -51 Socony-Vacuum oil Co. 15 >... Ilk 2 k a 16 k a 12 k ain% * Tide Water Assoc oil C Jan 8 2 Scahoard Oil Co oi Del--.* Sears Roebuck & Co. Oct, Jan 15 9k alk «10k Radio Corp of America-.* Republic Steel Corp.....* 13k 39 lk 13k al/k 'al7H » Oct Dec Dec Dec k 7 k 135 8 114 L tares inc-.l Pennsylvania RIt Co...50 13 k 397 265 9k ' Packard Motor Car Co... * i July Nov 2 72 25 k <i~iy% ii k 7 Ilk * Onlo Oil Co W 10 a U 8 Steel Corp * Warner Bros Futures Inc.5 50 k Westlnghouse El & Mfg.50 76* Ma* Feb 10 00 78 Dec k' July 14 k 50 k 51 a 114 75 2k Dec Feb 76 70 k 440 74 k Nov 77 k alk alk 90 Nov 08 k alH Willys Oveiland Ai.otors.-l 55c 10 0 lk 10k 11,328 1 10 100 12 010 9 850 lk 100 lk 1 k 751 47 k lk Jan Dec 0 Nov 2k May Aug k Lone Star Gas.-........* 330 14 k 371 13 k 90 Dec 59 ,6 k 4 k 6k 4k 1.069 6k 3,255 4 k 1,495 30c 29 k Pittsburgh Brew pref... Pittsburgh Coal Co com 100 24 29 k 3 k 29 k 3 104 k 29 35 815 300 201 Friday Week's Range I OS 710 15c 100 1 * Ijow A merlcan Tel & Tel.... 814 Bankers Sec Corp pref.. .50 Budd (E G) Mfg Co— Budd Wheel Co.— . - » 2k .4 Chrysler Corp * Curtis Pub Co com -• * Prior preferred... -V. 6 Low * Nat'l Power A ..60 Light Phila 1 2k 50 Pennsylvania RRPenna Salt Mfg 2k 2k 17k * Pennroad Corp vtc 17 k ...50 « Salt Dome Oil Corp Scott Paper.... - « 8 60 1 * Sun Oil 111 Preferred . ( Gas 33 k 59k hit 10c 1 8 July July 10 34 k Feb Dec 34k Sept 28 k 112 k Dec :48k Jan 30 Dec 1,872 2k 148 lk 22 280 Pennroad Corp v t c 1 Feb Jan 10e 200 16 k 16 k 75k ,76k . 2 .. h'rtaa Price 07 2 k 254 Brown Shoe common 17k Sept Dec. lk Dr Pepper com.... * Ely & Wlaker D Gds com25 Emerson Electric com 4 Hussmann-Ligonier coin.* Huttlg S & I) com... 8 k 19 « Johnson Shoe com 1 Johnson-S-S Shoe com...* Laclede Steel com ae com... 525 29 k 17% 310 17 7k 9 50 1!) Scruggs-V B Inc 185 4 Sterling Alum common... 1 Stix Baer & Fuller com.. 10 15 Feb 21k Nov Apr 6 k June k Dec 50 7 k May 25 31k 10 20 27 1 ~2(V~ 1 "iik 7k Par 50c Assoc Ins Fund Inc 10 Bank of Calif N A 80 BisuopOilCo Calif Packing Corp com..* Mar Cnrysler Corp com Apr Apr 185 k Sept 118 5 201 Dec Dec 100 k Dec * Jan lk 30k 10k 117k 107k 107k 824,000 107 k Dec 112k 1st preferred Par Stocks Week's Range of Prices Price Low High * 6% cum pref.------.100 Aluminium Ltd -...—- - 60c 65c 600 55c Feb 1.15 « 6k 275 4 Feb 95 Oct 9k 115 * Beauharnols Pow Oorp. ..* Brit Amer Oil Co Ltd* 107 *,9k — 5 Canada & Dom Sug Co... * For footnotes see page 9k l«k 100 Calgary Pow 0% cum pf 100 Can Bud Breweries Ltd--* 20 k 1722. 108 9k 2<>0 131 6k Mar 11 5 20 k 20 685 J tlv 19k 4 Dec 27 k 29 k 26 k 20 k 27 26 k 90 27 k 20 k 97 Ser com.......* 29 Dec 365 26 k 20 k Dec Dec 96 Dec 3,322 88 2k 100 10 k 10 k 1,015 94 k 94 98 k 577 100 . k 147 2 10 k 94k Dec Jan 39k 107k 4 k Feb Jan ! Jau Jan 18)4 Dec 126 Dec 163 k Aug Jan Jan 10 1,253 19 k Dec 37k 10 10k Dec 35 » 21k 20k 22 10k 10k 10 k Plg'11 Whistle pref.......* 1.15 1.15 1.15 3k 147 35 3k 243 — Dec Jan Jan 31k 147 Pesoi. com— 28k 34k Dec lok Pacific Tel & Tel corn.. 100 5k Aug 2.10 fcept Mar k 972 97 2 17 100 . .25 com.. 1 Rheem Manufacturing Co 1 Richfield Oil Corp com...* Roos Bros 1 com Preferred series A...100 Ilk 14 Dec May 5k 155 July De Dec 5 Dec 200 8 Dec 400 00c 00c Dec Low High 1.55 1.55 1.70 700 5c 1.000 2,025 3k 7k 4 7 4 5k "95" 95 450 0 97 2,527 230 5k 12 Dec Nov Jan 1.55 Jan 8k Jan 11 U ion Sugar com mo n. ..25 Universal Consol OIL... 10 Vega Airplane Co Victor 20 OOe 90 4 .... 10k 6 Sept Western Dept Stores 256 k 2.30 7k ser 10c Feb 9k Jan Dec 5k July July 113 8k 250 1.15 9k 4k 229 7k 300 2k Apr Apr Dec 14 1.10 1.10 125 1.10 Mar 2 55 Am * Rad & Stand San Jan May Sept Curtiss-Wright Corp Domlnguez Oil Co 7 38k 31c 9 k Dec 15b Jan Dec 50 k July 24 307 45 Jan 38k Dec Jan 30 k July 1.60 Oct a2 k c2k a2k 150 2k Dec 5k 12 12 k 5k 615 Dec 23 k July Jan 658 8k 8k 120 26 k 28 k 150 5 k 4 20 21 Jan Jan Ilk Ilk 215 17 k Jan 1.15 1.15 17 k 2.60 Oct 3k Jan 1.15 lk 18k 2k Packard Motor Co com..* 50 Sept 84 k 273 SO Dec So Calif Ed Ltd com 25 94 Jan Oct Standard Brands Inc * 1.50 200 1.25 Dec Aug Dec Studebaker Corp com.... 1 United Aircraft Corp cap 5 400 1.90 Dec "3 Jan 5k 975 3 k Jan Oct 300 6 Dec U S Petroleum Co 9 Jan 100 75c Dec 75c •• 27 k Mar 1.30 Jan Low Yigh Shares Low High 55 22 Feb 70c Feb 1.60 28 k Sept Dee * 170 170 27 150 June 207 Jan * 3 3 98 2 Feb 5 Oct 7 7 25 9 Mar 9 Mar 2k 4 k Sent 29 k Jan 2k 3 k 70c 70c 4 4 4 4 4 3 k 3 July Ford Motor of Can A—* 15k Jan FYaser Cos voting trust... * B.. Fleet Aircraft Ltd. Jac 8 Dec Oct 6 k Jan 10 Aug 190 4k Jan 1,790 Nov Dec Dec 7 16 k 28 Jan 710 k 300 k 1.00 1.00 1.00 Jan 49 k Dec 70k 6c 1,925 1,246 1,030 5o Dec 60c 70c 2,133 5 5 4 57 110 34k 34k Westates Pet com 1 51 5c Pacific Apr 4k 21 100 a3k 50k Western 25k 5k a42k » 60c 1 Preferred-- 200 5 k pref. .100 140 10 k 3k 35 Apr 3k Dec Dec 29 Nov 60 j Dec 5 Dec 200 k Feb I60 July 1.40 July 7 June k Nov Nov Sales Range Since Jan. 1,1941 100 200 650 3 1.50. Feb 2k May 26 1.00 Dec 100 2k Aug July 150 2k June 210 3 1.00 5 k 5 k 15k 3k 16 k 1,705 15 Jan 12 k 17k 12 k 25 7 Feb 14 Dec 5k Nov Aug Jan Aug Last Stocks (Continued) Par Internat Paint (Can) A.. * TFeeAi's Range for Sale 205 26 2k 5k 12k 50 h Range Since Jan. 1, 1941 1.00 3k 17 k 516 Friday for Week 28 k 2k 347 2k 5k 12 k Jan Listed and Unlisted 28 k 26 18k Dec Dec Dec Deo Dec Jan 6k 46k Deo 8k Jan 42 k Sept lk Jan 1.35 July 3k US Steel com West Coast Life Insur Mar a3k a41 a42 1 sales Week's Range of Prices Candn Indus LtdB Dom Ollcl & Li lol'.iem Ltd* 17 k 3k Dec Dec 1.15 10k lk 2 18 17 United Corp of Del..... 10 6 1.00 28 k 5k Standard Oil Co of N J. .25 2.05 75c * pf—* Shasta Water Co com... 9k 180 380 Jan 8 8 Schumach Wall Bd com.* Apr 6 Price 5k 12 k 50 5k Foster & Kleiser com...2 k Par Santa Cruz Ptld com 1.55 330 10 6k 117k Sept Jan 3k 15k Feb Dec 60 2.50 Dec Dec Dec 21 800 k 39 k Dec 12 20 7c Jan Oct Sept 39 July 22 k Sept 29 k Oct 15c July 3 Dec 3 96 k 31k 20 7c Jan Mar 2,030 10 238 6 k 28k Dec Feb Jan Jan 76c 5 1.80 200 101 25c 3 Aug 34k 1.70 1,876 98 23 k Sept 4k 1.70 50 "99"" k 10 k 34 k 100 22 6k May Deo Dec Dec Dec Deo Jan 7 26k Dec Pennsylvania RR Aug 1,000 930 Dec 5 Oct 25k Nov 10 k 12 925 19 k 12 Jan lc Oct 25k North Amer Co com 12 12 k Oct 25k Pac Portl Cement com.. 10 Dec Dec lc 75c 25k Jan 14 k 9 ? 50 180 Montgomery Ward & Co.* Mountain City Copper..5c North Amer Aviation cap.l 490 430 680 Dec Jan 15 k 9k ale 2.00 Feb 15 Jan 10 22 i5k Aug 1.35 2.00 22 Emporium Capwell com..* 38k Dec 2.00 71 k 21k Dec 25.t 1.00 Riverside Cement Co A..* 1.90 159 4,992 ale Radio Corp of America... * ""5k 9k Jan 38 k 35c 2.00 Jan * 28c Apr com.. * Jan Dcernbecher Mfg Co—* 38 k 5 2k 36 k 305 42 k 20 July 20 Dec Jan Jan 31k 34k Pec 6 3.00 Jan 20 Nov 65 Deo 1.00 Kenn Copper Corp com..* 15k 15 Aug 1.30 19 k' 100 Dec 30 14 6k 100 Dec 28 k 100 Dec 3 July 429 1 k Dec Preferred 160 Jan Jan k 1.30 1.30 3k Dec 3k 3k 7k a25k a26k a3k a3k 23 k Dec 1.50 29 Dee 309 Dec 84 168 Feb 3k 327 Ilk 1.50 Dec 22 lk 34 k 20 * 120 445 24 k 24 -.10 780 1,605 26 k lk 180 Common... 4 120 24 k 100 Preferred Sept * 2.00 Di Giorgio Fruit Corp— Nov 9k * com Ilk 3k 11 Jan 2.60 Jn Intl Nickel Co (Can) 20 k 3k 300 Jan k 5 Int Tel & Tel Co Ilk 10k Jan Mar 22 75 20 k 10k Jan 15k 28k 21k 200 100 41k 30 k. 4 Jan Sept 5 20 3 k 4 55 3j 9 Ilk 20 a30c Dec 36 k Jan Nov 30 k 3k Monolith Port Cem 747 Dec 1.60 130 a30c Sept 1,420 256 k 122 1 24k 36 k 5 2.30 Honokaa Sugar Co ..20 Idaho Mary Mines Oorp.l Marine Bancorporation..* 36 k Doc May ,14 k ale Matson Navigation Co... * M J & M & M Cons 1 Oct Nov 16 k Holly Oil Co Dec 3c Ilk 60 25k Sept Sept 52 Dec 25k 8 50 Dec 6 5k * 40 k 16 k 60 7 Jan 2.55 General Electric Co Jan 1,598 8 9 July 30 Electric Bond & Share Co.5 Dec Dec ; Dec 12k 7k 2.30 3 3 1.30 «26 k 1 * 5 55 Jan 1.00 Preferred 34 k Feb Dec 4 500 256 k 258 k 3 k Calif Pac Trad Corp com.* 60 17 k 2.00 Blair & Co Inc capital 1 Bunker Hill & Sullivan 2 k 130 3c 36 k Anglo Nat Corp A com...* Argonaut Mining Co 5 Atch Top & Santa Fo.. 100 Aviation Corp of Del.....3 Bendlx Aviation Corp..—5 100 33 18 000 17 k 26 6 35k 50 16k 1 75 Ilk Oct Jan 2,004 1,645 1,740 Dec 5k 85 10 Dee 100 12 120 55 6 34k 16 k Oct 30 k Consolidated Oil Corp...* 2.55 Sept 1.25 Jan 14 k 39 — Cities Service Co com... 10 Cons Edison Co of N Y..* June 9 k 34 k Jan 3!) 1 5'* .........6.1 Unlisted Ok 7k .3 17 k coin * Series 2 6 12 7% prefer-ed.. —...25 Yel Checker Cab Co 12 k 3 Co 20 Wells l argo Bk & U T_ 100 13 k 10 k Anaconda Copper Min..50 High 2k 23 k Dec 8k 28 k 13,705 12 k 7k .....5 Walalua Agricultural 70 . lk 1 Equip Co com Preferred. 5k ..... Super Mold Corp cap... 10 Thomas Allec Corp A..*.. Oct 1.60 1.25 2k Dec 30 Sept 14k Dec Dec Jan 16 Oct 95 2k 13k Jan 83 3k 5k Sept 355 Nov Jw 7 6 3k Nov OS 1.05 May lo Dec Apr May 3k 93k 5k JaD 1 108 k 95k May Range Since Jan. 1,1941 5c 5c 7 12k 18k Dec Feb 7k 4 28 Low July 103 4 Dec Shares 16 30 400 Nov Week Price 200 80c Sales for 9k 16 103 Feb 19 k k July July Aug 40c Nov Sc 14k 1,230 Nov 8k , 10 60c 9 7 2.70 Sept Dec 1.25 216 16k SrnindviewPulpCjcam.lS July 28 k 00c Oct 17 45 103 3k Nov 18 k Apr 9k 23 Mar Feb 125 800 38 Dec Dec Feb 14 k k June 1,200 16 16 250 Nov 12 8k .... ..... 1,050 1.00 12 .... Ryan Aeronautical C/>_.„1 1.00 50 9k Dec 6k 19 k 1 ,8 1.60 30 H 23 k 9k 23 1.75 25k 5k Apr 30 9k ...... Jan Jan Feb 13 k 7 k 10c 30 Ravonler Inc common...1 .Tan 90o 3 June 45 8 * 14 k 125 5 100 735 340 * Feb 29k ...... , 7,180 5 * Jan 102k 5,415 17k 9 of Prices Donnacona Pap Co Ltd A * 18 k June 18 k 21 <4 Oc* Week's Range Dominion W}ollens__....* June 1.40 18k 17k Jan §2,800 Jan 15 2,722 1.40 18k 20 May 78 k 3 k 100 220 220 Stundard Oil Co of Calif.. * Mar 9k 77k 2k 1 k 3k 1.40 Dec 8k 10 78 C 3ii8ol Paper Corp Ltd...» 225 9 3 k 250 14k 1,178 Sept Oct 17 3k 9k 28 k 5k Catelli Fiod Prod Ltd-..* 100 3k . 28 k Feb 20k Aug 65c 6 5c Jan 28 % Dec 10k Commercial Alcohols Ltd.* Abitibl Pow & Pap v Sperry Corp com v t c.... 1 Spring Valley Co Ltd * Dec i9k Sale High '< 9k ..... Union Oil Co of Calif....25 24 Stocks (Continued) Low 10 490 Canadian Vlckers Ltd Shares 13 k Dec 18 Jan Sept 1,855 5 00c Last Range Since Jan. 1,1941 5k Dec 13 Ok 10k 13 k W .....25 Canadian Breweries for Week Jan Dec Edison .25 — Candn Breweries Ltd Sole 11 3k 1.30 18 10 ... 2k Aug 8 38 Dec. 25. both inclus've. ccnviled front official sales lists Lost Mar 2.35 3k \ 9k Columbia Broadc Sys B 2 k Commonwealth El Dorado Oil Works Sales Mar 18 k 16 k 30 k ,11k Friday Friday 9 Deo Dec 10 5 Electrical Products Corp. 4 Montreal Garb Market 13k 1.20 435 Jan Coast Counties G & F,— Jan Sept 4k 273 ...... Jan 480 Jan Jan 1,950 1.35 Oct Get 13 k 2,595 Crown Zell'bach Corp com5 Dec 5k 14 H 1.20 .. 30 50 Creameries of Am inc .Cm 1 4 4 k 14k . Jan Sept 1.20 Sept July July July 20 2.15 Dec 13 k Jan 12c Tide Water Ass'd Oil pref * Transamcrica Corp 2 41k 30k Sept 641 Apr 80c Deo JaD 2.00 39 k 1,679 19k 753 4i Dec 30k 66 k Apr hi2 Nov -.!> >u k Dec k 47,621 680 1.20 Jan Jan 700 I 41k 60k k 21k 90c 4c 31k 40 9 Cons Aircraft Corp com..i 4k 21k 7 23 k 21k Dec 5 Jan Hk 4 k May May 10 Clorox Chemical Co 3k Feb 1,390 10k 14 8c —50 Preferred Nov ,';r; he June 4 k 30 iik 13 k iik 8 k 5 * Jan 262 31k 4k Feb * 14 * 3 k Mar 43k J""e 1 50 5 100 Preferred.. California Art Tile A California Ink Co cap 7k Mar 44k Dec Deo 17 k 16 20 181 * Aug Mar Dec 30 k 70 50 12 2 Byron Jackson Co July Dec .."■m 14 70 700 15 Atlas Imn Diesel Engine..5 25k l« 5k 225 32 Dec 40 32 Deo Aug 2 k 40 SoCalifGasC>prefserA25 Dec 13 k ..... .1 Aug 135 40 32 Nov — 4k Last 12k 1,300 1,800 650 17 Southern Pacific Co Oct k both inclusive, compiled from official sales lists 5k 50 k 2k k 3k 8k Feb Dec 2k 40 American Tel & Tel Co. 100 St LPS 1st Mtge5l.. 1959 Dec 32 k 2 1.90 12 1.80 May 15 5 Dec 8 Bounds— 18k 98 Feb 700 000 Doc 1 iik Vardaman Shoe com.—.1 Wagner Electric com Jan 2 ... Dec Oct Dec 177 2,170 8 12 k 70! 6% 1st preferred —25 6k% 1st preferred...25 Pacific Light Corp com* $5dlvidend— —.5 Jan 12k 15k 32 5 com 27 Dec 2k 37 k Feb k 0 5 Sept Jan 17 15 Sen lin Steel common— Scullln Steel Warrants 5.1 200 Jan Dec 8 5k 7k 13 k Dec 7 k 305 19 k 7k Nat Candy common...-.* St L Pub SCl-v cl A com.... 1 July Dec lk 8 12 Mar 713 Pac G & E Co com.....25 Republic Petrol Co Dec 2 iik com 7 High 32 Piplrg & Sply com.* Mo Portl Cement com..25 150 5 "lit .25 Dec 130 12 1 Preferred......v-.. Low 7k .20 Landis Machi Mldw Shares 30 5 Intern at Shoe com Meyer Blanke High 7k 8k Carson Hill Gold Min cap 1 Jan 2.75 ...... 65c 14k Sept 13k May 100 Preferred 17 5 Hyde Park Brew com... 10 Hydraulic Pr Brick Fr'dlOO Dec I,, Nov Range Since Jan. 1, 1941 7" Falstaff Brew com....... 1 10 k %« 3k 7k 48c 90c R E & R Co Ltd com for CANADIAN MARKETS Dec. 20 to July 86 k Week 7 k 110k 8k - 23 k Oct 30 * Coca-Cola Bottling com._l Columbia Brew common.5 510 k Dec 7 250 9 15 Sales of Prices I.ow American Inv com...... Fireman's Fund Ins Co..25 1956 Nov 210 Dec 80c 1st preferred k Week's Range Sale 5 k Bonds—■ Amer Tel & Tel 3s 10c 71k 544 / Last Par Ewa Plantation Co cap. .20 ' Nov 7k 3k Dec Dec ...... Pacific Clay Prxlcaktal * Pacific Coast Aggregates.5 Mar 9k 100 com Pacific Can Co com......* ik Dec 4,170 Ilk 10 ' Co 12k 2k 33 k 103 k 104 k - N American Invest OHverUtd Filters CI B—* 3 45c iik 9k" 7k 100 Dec Dec Jan 9 1.500 8 k Jan Dec 1,216 46c 200 Mar Dec 10 k 45c 9 k June 7k iik 7k July 9 Sept Ilk Sept i6k Mar 17k Sept Feb Dec Dec 3 55c 1 k 10c 8,k 8k 9 7 1 3k 5k 0 8k Jan 2k Dec 0k 125 1,935 6 Jan —— Occidental Petroleum 165 490 Deo Deo .* NatomasCo.. Dec 500 28 k 2,275 3,810 6k% preferred.....100 96 k 10 5k 0% preferred... Dec 45c 1.20 2k Dec 15c 10 .... ji- 4 3k 2,292 Jan 48k Dec 30 k 4k Philippine Long Dlst Tel Caterpillar Trac Co com.* Cent Eureka Min Co com. * 2k 17 k 163 lu 4 * Magnln & Co I com.....* March Calcul Machine... 5 July k 5% 5k 90c July both inclusive, compiled from official sales lists 31k Jan High 20 k 8 Dec 16 450 21k Mcnosco Mfg Co com 1 Nat Auto Fibres com.... 1 Paraffine Go's Dec. 20 to Dec, 23, Feb Jan 2 4.770 50 Jan Low 60 16, 5k 29k 10 .... Magnavox Co Ltd....... 1 Preferred Dec 8,412 . 120 Dec Range Since Jan. 1,1941 Shares — 1 480 75k 10 12 k 7 16 k Calaveras Cement Co com* 26 k 13k 4k Jan ik ' 14k 7H ...50 — — Llbby McNeill & Llbhy..7 Lockneed Aircraft Corp..1 Pac Pub Jau 738 3k 2k 2k 3 18k 'i# ......* Jan Unlisted Stocks— Calamba Sugar common.20 208 10 I33 Improv.com* Sept 10a lOc Westlnghouse A ir Brake.. * Westlnghouse El & Mfg.59 Jan 3,588 , 22k k 25 Preferred k 71k Ik " Ilk 2k Preferred.25 v. United Corp common....* United 7 k' Dec Dec Dec 113 8k "12 k * Tonopah-Belmont Tonopah Mining Transit Invest Corp Dec 165k 165k - 111k IJlec of l'a $5 pref. Phllco Corp Reading RR - 2 k 2,344 17k 22k 3k 2k Get 16 k 5k 41k : 27 k 30 k 112k 114 3k Feb 690 20 k Lehigh Coal & Navigation* 12 k Ilk July Jan 178k 1,244 29 w:« 119 k 100 k 16 17k Horn&Hardart(PhiIa) com Horn & Hardart (NY)... Lehigh Valley 2,054 Dec Dec 100 5i« 10 8k 43 k k Electric Storage Bat tery 100 General Motors Jan 0k 6k U S Glass Co Vtc....—1 Anglo Amer Mining -High 735 6 41k - Nov lk ik Mfg (*0..... _.....5 Shamrock Oil & Gas com. 1 Aircraft Accessories Shares -2k : 2k - Jan 6 k Preferred... Leslie Salt Co.. 41 Range Since Jan. 1,1941 Week High 8k 9k 119k 125k 16 16 k 100 10 k ...» Dec 56 k 4 15c 1 4 Jan B—......... Dec 57 k Anglo Calif Nat Bank...20 American Stores. Dec 27 50 k Stocks- for of Prices Price k ik Friday sates Sale Par Dec 8k SaLe Stocks- 3 50 k July 31k 809 4 20 k 105 A pr 1 k 50 Jan July 27 k 8k 1 Feb 114 25 ik Reymer A Bros.........* Jan k Dec 8k Pittsburgh Plate Glass..25 Pitts Screw & Bolt Corp..* Preferred.—....—.lo Langendorf Utd Bk A...* 24 Pittsburgh Oil & Gas Co..5 Ruud Sales for Week Ilk 8k Hunt Brothers common. 10 4 . Pittsburgh i-orglngs Co...] RenncrCo. Jan Jan Jan 12 Dec 24 Jan 5 Dec 40c 35c Hawaiian Pine Co Ltd...* Honolulu Oil Corp cap.. .♦ Honolulu .Plantation Co.20 Ilk Dec 100 5k : Holly Develonment.. —.1 Dec 17 k 14 Apr Sept Nov 94 4% both inclus've, compiled from official sales lists Last k 1 k 13 k 6k Mountain Fuel Supply.. 10 Dec. 20 to Dec. 26, Philadelphia Stock Exchange Dec. 20 to Dec. 26, Deo k 92 13 Koppers Gas & Coke pf. 100 Preferred.;...... 9k 1 ,k lk 5 Jan Aug 10k Apr 1 % com. * lk Dec 310 Golden State Co Ltd .* Hale Bros Stores Inc,*...* 60o Dec 70 .13 Jan 16 Dec k 1 9k _.* ...1 llarb Walker Refrac 5k 13 5 Electric Products. Dec AUg Sept 5k 6k lk 5 .10 Duqucsne Brewing. 50c 15 255 6 k ..... k 100 10k Byers (A M) Co common.* Devonian Oil Co 16 5 5% Columbia Gas & Electric.* Stocks— 34 k North Ainer Aviation Inc 1 55c * Sept 381 34 k Paramount Blaw-Knox Co Oct Dec 24 k oik 39k Loew's McKesson & Rjbbl is...IS 300 35 1 ..25 25 16 10 . Gen Paint Corp com.i„mGladding MoBean & Co..* High Dec k k Jib 200 al.k * 55e 17 Jan Dec Mar Kennecott Copper Corp.. * Inc 50 A rkansas Nat G is com... * Auto Finance Co com Low Shares 20k Sept Dec 25 k 35 k 24 k 2iJ4 flD/s July Sept 1 877 a37k o37k 13 k 13k * k 7k fit) 20 k 4 Dec 1 300 ft" 10 25 k ■25 k * General Foods Corp.....* Goodrich (B F) Co * High 20k Range Since Jan. 1,1941 for Weekr Gen Metals Corp crp..2k Genl Mtrs Corp com.... 10 Nov 114 Continental Motors Corp 1 Continental OH Co (Del).5 Intl Nickel of Canada 04 40k June Dec 22 k «19k al9k 59 k aim Cities Service Co.......10 Int Tel & Tel Corp 190 Jan 7 Dec 119 1,593 26 k a Dec 3k 35k a8k Bethlehem General Electric Co 480 190 a38k <M% Anaconda Copper Miu Co50 Armour <fc Co (Hi) 3k 3k 7.010 Price Allegheny Ludlum Steel..* Pean Federal C>rp pref !orp.. * Baldwin Loco Works Par of Prices Nat Fireprooflng com.... * 5c 3c Unlisted Stocks— t Stocks- Week's Range Sale Cop ncrweld Steel... Price Par Galland Merc Laundry.L.* Saleis Last Fort Pitt Brewing Mining Stocks— Am Had & Xtd ban Friday Preferred.... (Concluded) of Prices High Low both inclusive, compiled from official sales lists Jan •29 k 34 k Dec Jan 8k 18 200 10 k 4 1.50 Vultee Aircraft Inc 30 k 400 21 k Sale Stocks Jan 30 k Dec Dec 25k 24 29 k 10 k Van de Kamp's H I) Bakers Vega Airplane Co 649 10k 20 12k 10 1,472 4 28 Dec Dec 1H 16k 27 k 4,843 28 26 k 29 k Transamerlca Corp...... 2 Union Oil of California..25 Universal Consol Oil 100 2 18 17k Friday 1 Last Week's Range Pittsburgh Stock Exchange High Low Shares High of Prices Low High Week Price 1.50 International Utilities B.. 1 10c Mitchell. Robt Co Ltd...* Power Corp of Can— 6% 1st pref-._.100 cum 6% n c part 2d pref. .50 So Can Pwr 6% cum pf. 100 Union Ga v..... ._i_ . SI cum preferred.. —.* High Dec 100 10c Dec 25 7k Feb 100 10c 11 Low 1.50 1.50 11 2 k 250 Jan Jan 14 Nov 98 Jan 80 15 77 Nov 31 25 28 July 43 Jan 98 k 98 k 2 98 Aug 104 Jan 9k ''L 98 k 80 31 -'mm 25 Walkerville Brewery Ltd * Walker-G'ham & Worts..* 1.50 Shares 9k 100 1.00 50 49 k 21 1.00 20 9k Dec 50c J me 50 650 38 k Mar 21 35 19 k Feb 300 46c Dec Hk Sept 1.00 Oct 50 Dec 20 k Dec Jan Cot Nov Mines— Candn Malartlc Gold M.. * 4Sc 48c 60c Sept TAl CANADIAN MARKETS Last Hloh Low Price Par /•. Shares 301 3.50 Apr 4.75 July 4.05 4.05 100 4.00 Dec 4.90 Sept 1 2.10 2.10 200 87c Mav 2.95 Sept Fherritt-Gordon Mines._.l 81c 81c 81c 100 61c Mav 1.15 Pent tow Buffalo Canadian Sept 5c 5 1.42 1.42 600 1A0 >nr 1.80 Oct 1 FrH"C"p'i"-Golrl M Ltd.,.* 2.00 2.00 401 1.92 Dec 2.00 Jan 32-1 33c 1,100 32n Dec 63c Kent 4.00 4.00 Ch<vjff>rvi'lp Lanier Fast Malartic— Kerr Addison.-*. Lam a Que. ... — . M alartlc Goldfiel 1s—. Sigma Mines Siwep Cold Ml"es .1 1 — 400 6.40 4«c 2,600 48c Dec 3,200 60c 80c Sent 50c Mav 2.15 121 2/21 Dc* 3.45 300 3.10 Fdb 4 05 July 5c 1,500 4%c Dec 9c Aug 2.40 2.50 -♦ Home Oil Co Ltd 2.55 B- Sale 86 Algoma Steel.. Preferred... —..... 100 .—* Asbestos Corp assoc 8 86 A.* —-100 Bell Telephone L. is% 17% 13% A—* * Brit Col Power Corp B .■.— — — - + Bulolo. ......-100 Fonnd-ies——100 Can North Power Corp..* Canada Steampship. .* 5% nreferred.. ..—50 Canadian Bronze—.—* Candn Car & Foundry.." - 6% 28% .. ■ 25% w w * Gatlneau 5% preferred —.100 Wares * Preferred...— 100 Hudso" Bay Sept 28 Jan June 98 « 20% 9% Sent Dec 6 May 82 Jan 155 Mar 4 Feb 7 Sept 560 80% Feb 7% Sept 93% Jan Mar 4% Sept Dec 13 Jan 97 35 755 May 101 Sept 12% 1,278 11% 16% 16% 45% 25% 33% 47% 20 20 ' 20 ' 208 1,147 35 • Power Corp of 19 May Feb 12 ,12 12 - * 42 13% 13- *W 20% •'"'V 42 13% 13% 110 » 9 * 3 Dec 5% Jan July 12% 45% * * — .. Preferred,— — July 14% 2% 18 19 Mar 22 Apr 31 July 44 Dec 12 May 17 Jan 8% Apr 108% May 115 Jan 11 Sept 40 62 69 435 , 10 13% 8% June 59% Mar 70 Jan 76 Sept Feb 1.00 148 75c Apr 1.15 1.00 215 70c May 1.15 .—.,100 6% 6% 11% 11% 50 21% 101 24% ,—25 1 Dec 64 1.00 1.00 Jan Sept Sept 1.00 1.00 , 9% June 1.25 13% June May 15 9 • 8% 9 776 330 13% :5 110 69 .....25 "~25~ 4% May % Jan 8 23% May 7% Jan Sept Dec 13 Julv 25% Nov Banks— Commerce -—100 ——100 Montreal... -; 143 113 .....100 Nova — •-„-m~ 16 140 June 145 May 146 Jan 147 26 162 Jan 186 186 135 171 % Mar 193 Jan 270 273 61 267 July 284 Jan 150% 151 150 150 Feb 166 Jan 147 270 Scotia.,,, ——100 Royal......,..--- —-100 Exchange Stocks IFeefc's Range for of Prices Low High Range Since Jan. 1, 1941 — — .— . * Aldermac—^—..... Algoma Steel.——— -, Anglo-Canadian - 13c * 'V- „ u 13c Low 300 400 35c 275 8c 8%c --*■ —-1 —. Bell Phone .— Bidgood K ... —• - Sept 10 A Sept 81c Jan 30c 6,000 1,000 5%c Ju 11,000 1 „ 14 4 %c * .100 24c Feb Apr 6c 185% 186 8 150 149 3c , 4%C 8 * .—1 Bmetal Mines... * Brazil Trac Brew A Dist— 7% —5 - 152 Mar 8% 80 Dec 8%c Dec 2.95 ♦ -.20 - 1.91 2.07 6,710 33c 32 He 7,ur»o 3.00 33c 3.00 22H 22% 3.03 Falconoridge. 1 Fanny Farmer Fl^et Aircraft-- 16 B Francoeur * 9%o -1 4e Preferred "A" 3 >4 3c H dlnor Mines. — . -.1 "III—5 . 1 2.75 3c 11,500 1,100 3c 2.50 3c 2.25 9%c 3H 175 3 : 48 20 . 26c Dec Jan 9 Mar OO May 12 July 72 l'K) Jan 8 4 Aug Dec 1.500 5c Dec 9c 2.50 2.70 3,085 2.25 Dec 7 00 Nov 3%c 2,500 3%c Dec 8c Mar 38 99 99% 99% Nov Jan 5,800 45c 2%c Dec 18c 300 5% 7 He 203 — 54 Dec 13% 2.67 Par Feb 211 25 275 192 275 Dec 275 ' , * Can Bud Brew—.... Dec 10% 11% Feb 13% 7 Dec 7% .... 1 25c 25c 1,500 20c Jan 7H 100 6% Feb International Nickel.....* 34 International Pete.i 14 7H 32% 13% :26 584 14 16c 13% ....* 100 27c 26c 4.25 3.95 4.25 22c 22e —. -1 — — Land B A L ... 7 27c 12c May Jan „ — 3 %e 3%o 5)0 1.0J 1.00 51 1 Apr 13c Apr 29% 2%c 81 c Ian 1.00 Dec A ay *rc —.... Doc 3c 7da J .1/ ■ Jan Jan * No pir value, a Old lot siles. b E;-stock dlvidenl. Ad nitte I c to un¬ year, Ex-dividend J x Ex-rlghts; u z Listed tin default / « ; r Transactions At Daily, Weekly and Yearly locks Week Knded hands (/ ar Value) (Number of Dec. 26. 1941 Shares) Forelon Domestic Foreign Corernment Total Corporate Saturday. Monday $605,010 762,(MO 148,885 —. $2,000 $2,000 $6)9,000 Dec 46c Apr 4.90 July T oesday /J. 322,353 313,381 778,001 4,000 15,000 25,000 818,000 41c Mar Welneulay 215,415 926,000 1 LOU) 10,000 950,000 1.05 Jan Tnursday— Jan Friday.:.—. 357,625 693,000 9.000 2,000 704,000 1,437,658 $3,764,010 $44,000 $'9,000 $3,857,000 55c Dec 83 10% Nov 4.00 301 3.85 Dec 5.15 47% 43 Aug 53 Mar 25 8c 5,800 60 6%c 10% 42c 100 39c 1.25 21 Doc 9 2,050 1.30 165 26 60c 770,000 Total;... — —- Wetk tndid ijtc. .6 Jan. 1 to 26 i.ec. New York Curb Jan 1941 Exchange 1940' 1941 1940 2.10 July Mar 24 10,000 HOLIDAY Oct Nov II May .... Jan Jan 15c Nov 25% 23% 5(? 20% 60) Feb 8c 26 2c Apr Dee N">v 42c — Sent 20c 10% Little L L jan Sic 25 26c 100 6,900 11% 1.25 8 % me Feb 3.05 ' 1 —1 h 15 3,200 3/ 22% 2c » Nov 3 Lapa Cadillac Laura Secord Leitch 4 listed trading privileges, d Deferred delivery, e Fbrm jrly the National Bond & Invjstmj it Hi. r Canadian market, s Cish sate—not Included In range for Sent 47 H —100 June 40c J NOV 8% Nov 1.35 July ly Dec 880 55c 55He 11 1 Lamadue G Loblaw A /. 16 11 1 — Lake Shore J 7 50 13c 22% ... mil Temisk Ml.i._ Wal.tvll Brew.....:. 25 6Jc 23 12c i .i:. . .. 61c 13c * . 7 7 • 5 Apr (1 % 1.00 ' 1.1.* . - 23 ..... Montreal Power Oils Selections. w 60c * Afandy— 38% Sept Mnr 4.00 Kirk Lake • 3% I.) 62 10.558 27c ■■'V " Kerr Lake • V 3 t 1 Jason Mines... Kerr Addison • 15 5 8 • 2% 11100 Aug Dec 3 100 , 16c > —.1 High 68c Sept 10% 29% Jure 935 —1 1 Jack Waifce.- 7 34 3 5 . 8 » Langiey's preferred.. Dec ? * II-5 DeHavi land Jan Jan 7 3 ,«m * Vi leg.irs....... 1 Faotbilli... Dec 8% 50 Int ITtil A.— — Low Nov 3,406 — Ranee Since Jan. t. 1941 joWeek Shares High 9% May 50 9% . Low Oct 57 Dec 12% Inspiration Int Met A. Price ' 7% 8% Preferred of Prices 30% Sept Jan Feb 52 Sates. Week's Range Jan Jan 12% 8% Feb 84 July Sept 30c Jin 5 -D1 Imn Tobacco ord 98% Exchange^Carb Section Last Stocks- Jan '8c 18%c ■;: 6c June ;:-;is 203 275 100 100 Imp Bank... 27 He 54 7He Dec 38 .. 9.0(H) Jan 1.10 Dec 630 26 %c $1,000 Jan Oct 48c ■V 3c Apr 5.40 Nov Dec; 2 He 53 H 28 Jure 26 Sept Jan 50 22% —1 2.75 2.65 2.87 2,550 2.65 Dec 4.30 Jan McL Cockshutt— 1 1.55 1.55 1.65 12,566 1.49 May 2.35 Jan Madsen R. Lk 1 48 %c 2.05 4lc Dec 76c July 2 10 1,265 10,200 483 2.10 87c May 2.96 2% 2% 185 May Apr 2% 4% Stocks—No. of share?. Aug 1,437,658 1,268,900 32,788,296 4*2,117,520 S4,762,000 $235,397,000 S291.S30,000 2,783,000 Sept B —— Maoassa - — 1 M Leaf Mill 23% 4 Preferred. Maralg v. Massey Harris... . 1.85 ..100 Preferred 3 12% Dec 5% 415 2,440 41 Dec 1,500 2%C % 3c 4%c 10c 5,000 * Normetal 4c Mav Dec Feb 27c 28c 3,000 27c Dec 54c 298 Feb 47% 32% 20c 21 %c 65 Dec 31c Dec 3c 57% Jan 3%c 3,000 1,000 3,860 8c , 2,300 i 3%c 81c , 2,710 2,800 81c 6%c 34,000 8%c 50 : 1 • 102 85%c 85%c .,.-5 J. 450 4c 4,250 4c 700 13% 13 % 15 2.30 2.40 2,140 2.00 2.00 1,000 75c 75o 500 Premier...1 55c 56c 28,150 6 7c 5%c Dec 23c 23c 1,200 23c Dec 59c July Pr Metals.— 9.10 9.25 840 9.10 Dec 11% Sept Preston..——— 7% 1,150 8% July Queenston Mines 7 Nov —— Pioneer Powell Rou Gold 2.38 4% ....1 2.88 1 23c — 17%c Dec Roynlite 1.10 Jan St Anthony. San Antonio.... * I —1 150 19,180 Mar 56c Mav 5c Dec 7%c Nov , Nov 1 95% 80c 8c 30c 2,887 Apr Dec 99c 18c 15c 1.69 16% 2.25 May 0.35% Jan. 28, 1942^--. .35% Oct Feb.'. —- 35% 4, 1942 0.35% Mar. 16, 1942. Mar. 18, 1942. 0.35% 0.35% Jan. U. S. : Jan . Figures after decimal point represent one or more 32nds of a point. Aug Aug Mar. 15, 1942 Jan July Sept. 15, 1942 Dec. 15. 1942 4 Dec 9% ,2.70 Feb 3.60 Dec 62c Sept 13 %c Mar 151 20 148 July 25 18 May 22 . 166% 24 Treasury Notes Jan Aug 10c 1.95 25,1942. Mar. 4, 1942. Mar. 11. 1942. 7, 1942 2.55 23c 1.90 .35% .35% .35% Apr Jan. Jan. * 2.55 1.96 May 52 He June .1.17 Dec ,• 95c 55c 15% 10,000 2,748 Feb. .35% 14, 1942 21,1942..;. Atked Sept 1.65 25 20 4%c 18, 1942. '"2-," Apr 106 Nov 12 11, 1942. Jan. Sept July '.V'8c Sept' 28c Jan e Dec hid Feb. 15c Ju 1.25 Asked 0.35% 0.35% 0.35% >1.88 Sept 5,300 4c hid Treasury Bills— 1 Dec. 31, 1941-- July L;.;,,,4c Nov 25o 22 23c 19% 4c Bills F^eb. 6<J Mar 150 Riverside e 50 2.95 Nov 22 J Silk.........—* Royal Bank 100 4% 2.86 13c 13 %c * ... 2%c 1.465 15c 16 %c 1.32 1.34 4c 1 i..——i.l ......1 160 % United States Treasury F'eb Dec i .* : /Quotations for Friday Dec.: .gfi Jan lc ~8%c ll33 . 1 20 c 102 1 j. 'I Rates quoted are for discount at purchase. Aug 45% 3c * — 39 Mar 978 6%c ' 30% 590 80e * 41 lc * 1 .I-.-m. 24c Mar 1.77 Sept. 47% 80c 1 , lc 81c A — 1,000 45% 3%c 3%e ... OV^R-THE-COUNTER SECURITIES Jan 81c . .———.. $301.1 &1.000 Jan 44% 44 - —1 Ontario Nickel——— $245,316,000 : Jan 10c 2i|ic A $4,916,000 ... .. U Oct 9c 60c . 32% — 6,5.6,000 $3,857,090 Total.. — — ' * 900 Nordon Oil Dec 24c Dei 1.25 *45% Norgokl.. 3,171,000 Jan 1.20 * .1 4)7,000 57.000 «.7?8,0(H) 49,000 Sept 1.32 4%c 10c 44 ——1 New Gold Rose. 44,010 Jan 52 Dec 28c ....1 Noranda..— Reno 95c: r.2o Moneta $3,764,000 Foreign corporate. Sept Bept: Nov 5 Den 3 4%c 1 McVittle McWatters— Pickle Crow 60% Dec 11 3% 1.04 2%c Jan 3% iou 45 44% 95c 1 1 L ' Sept 25 30 Bonds F'oreigu g jvemment—. Aug 3.50 404 12 3 44% 5 .....— 3% ,'V 4c Dec 1.85 30 51 3% * , 480 7 Domestic-.,.... Aug 0% l%c June 1,530 2.00 12 .... . 1 He 1.85 50% when... 1% 10 4 1 He A.A — Photo Kngr.. Jan Sept -100 Dec 5.95 4% preferred......100 9 Dec July 23% 20% Mar 2 85 2% 3,050 27%c Hudson Bay—. Huron & Erie May Dec 400 no Dec May 2.80 Jan May Nov 7o 2.75 37c 12 18c 4% A' Sept Jan Dec 1% 6 9 85 Perron........ 5c ,19% 10c 88 1.57 Feb 56c 3% Jure 1,000 2 14 2,900 15c 2,900 Dec " 10%c ll%c 3% 3% 55% Nov 2%c Aug: Mr.r 2/150 4,550 4 % c Dec 51,4.50 Dec 10c Aug July 2.58 2% 60c Jan l%c * . Jan 410 / Dec 50 10.25 Paymaster 51c 2c He 428 18c 18Hc Pamour— 6()c Dec 21 bith inclui'tve, ca-ny'Iel from official sales lists '}:[ >1 Coast Copper 2.40 Pandora Cad Jan Ca Jan 9.85 Jan 26 Jan 10c 18c Dec Dec Jan 13c 2.50 Feb 2114 16 %c 2? 1,000 1% ■> : ?: ' Dec Dec 10.03 — 14 125 50 5c Sale .: 2%e Mav Howey.... 193 21% 12c 15%c Sept 8 Friday '4 9%c 3%c / Home Oil.. 7,300 20% 2%c * Sept Jan 5 15 May 19% June 38 Jan 7% Sent 18C 1,200 17c 1 11c 18% 3.10 June 37 660 11 99% 8 %e July 3,000 3% ........A Hvkcr——. 283 Mar Nov 3%c Dac. 23 tn Dec. 25, Dec Dec 45c ——* Ham Bridge... Hard Rock 90 . lc 2.25 Halcrow Sway. Page Hersey May Aug 6c 3,500 50 2 .65 .♦ 63c Sept *; 7 lc 4.01U : 51 14 Ovpsum Orange Crush. June 21 "in —t.1 Oct 2c lc 2c Jan 3 4.90 Sept 51 Toronto Stock Jan Oct Feb 2,000 50% Great Lake vot trust ,■ July 3,000 42.100 1 * * Gunnar ■ 18% Oct 70 Jan 6 18 3c 3 He 4c 3%c 3%e ——1 Gra'iam Rousiuet— Dec 9%c 10%c preferred.....50 Goodfis'i Goadyear 32c * ■ 4% 18c Gold Eagle Oct 5 • 10% >• 7% y...i 50 18c —1 1 Jan 15 Aug lc Bond*— «• 2,500 lc Goldale Dec 1,600 23 lc God's Lake 28 150 4%c Golden Gate Oct Apr July 6 4%c .——-1 Gleno Feb 14% 15% 73 1 Gillies Lake 8c 20 Jan 2.95 3.90 Sept 3 1,345 33c Jan 6 . 20% 10 16% 16 6 General "teel Wares.. 16%c 155 2.28 Aug -9% Dec 1.97 - 770 "V 15% 15% 73 Gatl >eay Power p'ef... 100 27 Aue I 32c ir>74 23% - 30c June 530 ' 3 J . — Ford Motors A 3,977 2,500 5 , July June 10,400 2.07 10c 6% 8 17 15 «H »%c 6H 8%o 2% 5 1.00 !, *' 1 Eldorado.. 2% 16% 25 ■ Duquesne Mining .1 East Malartio........... I >e 17% . ■16% 6c Dec Jan — - Omega.. Jan Dee Jan 52c Jan Sept fi% Apr 2c Dec 1.91 40 % if ept 2% ' Sept Preferred—.... . Jan 1.00 ;• 12c 13%c " War Loan 2d. 6% Jan 1,144 21 51 Oct 39c 5,500 J 40 50 20% 10% -7% 2 14% ■: 1,200 4.35 48% 12c ' 1.652 •4.35 Ymir Yankee.. Uchi. Nov 11c Jan 20 4 21 51) Wright Hargreaves.. 3.80 49%. Winnipeg Electric pref. 100 Wood Cuiillac..1 Jftn 200 .3.55 3%c •; —.. Jan Oct 40c Oct June Westons. Jan> Scut -• 24% Feb Aug Jan 183 •' 98 » 1.75 3.15 Mar 83 Jl'^e -84 50c May O'Brien-...——-—. 15c Dec 100 28% 18% May 100 ion Mar 137 15% 1.00 Dominion Woollens 10% June 183 Oct 1,540 9(H) 1.12 23a Sept 60c Jan ; 4%c Dec 9% - Dec 30% June 55 3% 3%c . West Grioers 4 9%c > i2c 105 16 Wendigo—V. Dec 36% 3c 3% 3%o _-I.Il Mar 993 1.07 35% " .,,,4 25 -y 1,500 9% Feb SO Apr 20c May I ' / Apr 436 5%c 9% 35% 9% Walkers..v.;...... Preferred...... 17 %c 1.15 5c * ...... Jan 41% Sept 6% Dee 16c ♦ Brl Dam Oil Buffalo Ank ...... ...... B A Oil Broulan 2% * Bralorne B C Power ...... 1,800 25 9%c 200 3.80 22% 6c .—1 Blue Ribbon Feb 91H 63 3Xi Vulcan Oils...... if.;1 Walte Amulet 25 171 15 Dec >1.55 1.55 Dec May 21% /vtg 30 17c • 31% .25 70 ; /...J Ventures. Dec Nov 150 267 14,000 92 30c 4% ,.v i Jf.il/ I 40c 70 40c Upper Canada. ..v.i.i.l 1 250 3 10 1,25 700 346 21H Ma1' Dec Sept 4% 55 273 14 4%C Aug 7 2.00 May 3%c 273 - < 46c 7%c June 6c :h!" 185% * — Exploration Beatty A—. — — May 1.15 Sept 150 200 1.25 6% : 6% National Steel Car— High Dec May 3%c Apr 273 Bank of Nova Scotia.. .100 Bear 100 54c 50c 75 3%c .100 Bank Mont 1,550 9 '2.40 8%0 w'* 1 ... 13c 65 35c —- ;—l — Bankfield 200 - 52c i Arntfield ■! 2.35 -_'-* Argus Interests.. 60c 100 9 - 2.35 I.,* Bath Power A T * ..... Anglo Iiur Bagamac. 60c 100 J 20c. Jan June 3 Oct 1.04 50c May 10f!% 10c % 70 * United Fuel A pref—...50 B preferred-.:...25 United Oils— Oct 2.40 — > 24% Nay bob * — 3% i 13 38 1.87. • . 1.10 Uchl Gold—— Union Gas 210 May 1.10 May .. . Twin City._J._— " g L 6% 4% 4% * Moore Corp—....... Shares 4,517 Transconti nental Res Jan 1.95 Dec 2.91 Dec 7c Tiwagmac..L.......... 1 24% McLellan.. Week —- A P Grain- 1.31 Tor Gei Trusts109 Aug 7% ■' Dec 1.00 1,300 6,700 J .Mar Feb -500 ..... 2.10 63c Sept Dec Dec 4% 15 % 51 Dominion Stores.. Mining Corp. Sale Abltibi 6% 44c 25 .25 Dominion Steel B McKenzie Sales Last Price Jan 18% C iramoa if as & both inclusive, compiled from official sales lists Par 1.80 18 Mclntyre Friday Nov 18 McColl Dec. 20 to Dec. 25i 1.06 * Pref if as & when Toronto Stock 300 190 Malartic G F Ca ulienne 1.08 91H 100 Jau —-* Preferred.. Aug 47 62 62 Steel Co. of Canada.....* 1).— Sept May 359 20% „ * pref 100 Zellers. 28 39 s 9 135 Winnipeg Electric A. Mar 51 Oct 249 St Lawrence F1 ?ur Mills 1.06 mi Imp Life. 57% 195 , Dec Toburn,y... 8c 21H 16Hc ...... . Imp Oil 25 : Jan 1.35 Feb 100 Jan 22% 1.55 Shawinigan W A Power..* ; 10% 3.75 Nov 1% 1 00c 92 He "15 % Jan Dec 14% — Nov 29 May 1.50 — Sept 18 14% Preferred Jan Jan 466 3 10% 10% * Southern Can Power Nov 9 10% May 3% June v: 5% 31 Corp.—....* of Can pf 100 Sept 16 18% 140 preferred—--.-..-50 Sher Williams of Can..... * 38 20% June 16 May ...2.. -1 i.. * . Holltnger 3% 750 * Jan 14 3 —..... 1 Canada—.* & Co Ltd.,...* Placer Dev..... Dec CO' 1,200 Jan ' :V; 8% Dec 2.10 20 26c Jan ' •75 8% 1.85 8,195 1.25 3 16% Feb 12 ' i 1,495 2.18 26c Highwood ' Mills.,..,-* 2.00 1.25 1.35 1.25 set t 1.90 1.75 37 H Apr 1 90 2.10 3 00c 24c Anr Texas Canadian.....<—1 10 37% 21% Dec 1.10 Tcck-Hughes...........1 5H 5 9%c Sy 1 vai'lf e. J 5% _* ,, Oct 2.09 Sent / Aug Dec ; Sept 70 Mar Mar Dec -*> 1,800 4 j Mar 81c 3% Sept 3% Sept 45c - il2% June 28 1.72 .1 63c May July Vi!1* 1.31 "* 60c lie J Apr 7 He .* 2,430 1,500 3,625 1 4c May 2% 59% 5 > . Feb Oct 9 100 > 1.72 i 11c 11 %c .1.40 1.42 Dec Nov lc Dec 700 "■■■: 3% 63 Sept 46c 19 %c ■ 6c 200 1.65 1.40 17c June Mar 4,210 SM 11 t 1.15 Sept 100 Dec 3,000 Aug 2 125 45c 2%c May 83 Jan 3c 11 ; 50 %; 200 1.50 Jan ' 33 20% 7c 3% .» — Sullivan 62c 65 Jan 17 Dec 7,500 14,300 62 1.70 lc J in 59c June >; 4,964 30c 7 He 80c Sept 2.90 Jan 100 Sept Feb 2% 225 16% 10% 3% 22% 3 120 , • 85c 86 * %c 12 500 , . 2%c * Sturgeon R*_....—.....1 Jan 2,000 14 ; Oct 29% June 13% Mar 315 ' ? 60 .' 3 lc 6%c :i.' 6%C ..... * : Sudbury Basin... >rg 51c 25 Feb 20% 1,219 2% 12 7% 10% 1.45 10% Dec Nov 12 70 310 14 21% Feb . Steep Rock iron Jan • 30 29 Steel Can— Deo May 4% 1.50 30% 23% June 8% 31 Jan 5 10 1,515 16% 10% 3% 22% 45% 9% 1/ 2% May 2,575 2% ^ 2% 25 Jan Dec June 87 9% 25 Sher Williams Jan Feb J 4% 30 10 27% 32% 13% 22% 4% 70 120 12 25 St Lawrence Paper Sent 70 22% 33% St. Lawrence Jan Jau 6 3% June 150 100 12 National Steel Cai Corp—* Quebec Power Mar 27% 6 3% 10% National Breweries—...» Price Bros Sept 2 >'V 22% — * Nov 155 3% 8% 12% 8% Montreal Tramways—.100 Ogilvie Flour Aug 6% 15% 5 20 91 26% - — Feb 21% May 5 3% Bronze..,.* ■II 22% 25 34 Internal Nickel of Canada * 14 Inter Pete Co Ltd....,— * I- ■' International Power .,.* 16% Lake of the Woods.—..,* I*' II Laura Secord.. —.....-3 ,'1 McColl-Frontenac Oil....* td.. 84 510 5% 10 Noranda Mines. 1 -Apr 4% 335 72 v 100 - 1.85 155 77% 10 «. Sept 41 100 a* Sept Feb May 3% PowerCons.* 4 3% 7% May 2 Sent May May 91 International Mont L H A «•- 126 4 72 3% — 110 ■ J II "J V iii Aug 19 —5 Preferred 28% 32 5% liniierlal Oil Ltd.—..—.* Imperial Tobacco of Can.5 Jan 25 150% 151 5% 5% 4% 4% - Howard Smith Paper Jan 932 pf 100 Mining—...* JlcUlnger Gold Mi 'ps Feb 10% 420 77% - General Steel Gypsum Lime A Alabas—* HaraiPon 3ildg?. — -* > 27% May 5% 37% 25% 15% 6% 4% 5 50 50c Dom .Set Tnv pref Dec 3,017 4% 5% 4% Paper—-—-—* 175 . 143 78 5H * Dominion Foundry Dec 5% 23 163 62 6 13% Standard Radio..;—..—* Ppet 1.50 Dec 11 1 stan C'letn Dominion Bank... Jan 18% May 25 15% 6% 1.31 Dame.: Dec Apr 5/ 20% 335 225 40 " 3 22% — — Dryden Dec •V 8% 7% 3% June 29% 17% Feb 31 • Oct 35% 91% May % 147 JT South End Pete.........* Den 29 5,000 15c 83 29 %c Dec \.?4 Mar 60c 1.43 Pref err e d........... Nov 102 4 % 125 91% Preferred—.——...100 Doml ion B'idge—. —-* "23" 15% Dominion Coal pref 25 6% Dominion Steel & Coal B 25 Dom Tar A Chemical-—* V Dominion Textile * Preferred. ——: -100 1.72 DLstillers Seagrams... Mar 6% Feb 4% 5% 37% 21% 5% — May Apr 17% Slave Lake. . 16c 81 %c 84c — Mal..^»:........l Dec 30 22 5 . J«n Sent lc Simpsons preferred.... 100 Sladen 1 He ...1 Sherritt Onrd..... <Htgh 3.J00 13% Shawkey. Dec 71 15 80 1.25 28)4 . 39 Feb 1.50 Davies Pete.. Apr 5% 5% Railway—25 Cockshutt Plow—. — ..* Con Mi H og & SmeltLig—5 Distillers Seagrams. ——* Candn Pacific 19 Dec .» 23 V 17 50c 'osmos Jan June 100 / 149 r.ii ■' Jan 15% 40 455 3 7 3 9% •* 60 122 28'A : 106 June 3% 1.50 C tnfvras. Aug Aug 6% 3 t 1 Cons Smelters. July 2 Dec Dec 12% 2,275 5% 121 Feb 740 26% 3 ; 3 26% Mar 4% 91 22 26 122 Dec 1.50 26 ::"V" 33 5 -1 Coniaurum.... Jan 8% 675 31 ■ 20% Sept 160 Feb 21% 105 '*10 19% Mav 7 28% 5 137 3 ' v 45c 5% .1 ... Cmduits Nov 5% : 53 • 8% Cmi Pete..... Dec 14% 50 4% 6% 31 7 —— 18% 100 4% 5% —....100 Alcohol-..:-,v.f Class B.. Jan Jan 10% June •• 28% Preferred 7% Can Ind 14% 40 4% 22 Jan 1,184 101 40 • 97% 14% 5% 101 i . —25 -—-—-* Preferred.. Cand •» Cel anese - » Dee 50 12% D.%' ,10% 4% "'4% 101 Preferred Can Iron 86 1.50 37 3 * 25 Cockshutt..... Sept 485 12% Canada Cement 10% 21% 5% 5% 5 ;> 9% L . 21% ^ w Feb 200 7% 1.50 w m ———* Building Products A-—.-* Bruck «ilk Mills. 7 44 6% 7% Mar Chromium....... HO 150 150 ^^ Brazilian T L & P——-* SePt 7 "7. Feb Chestervllle 51 is% 17% 13% 3% 3 "oeFenour.i;.. 86 JUlv 12 - Cariboo. High Low y Shares 8% 17% 13% »- - Breweries—. ———* Bathuret Pow <t Paper i,-.. Central Porcupine.. " 8 — Central Pat Week of Prices High Low Price Put Stocks— 1% 89% June 32 Tulv 20% "a" Canadian Malartic Range Since Jan. 1, 1941 for 25 ; 21 5% * CP R Sales Week's Rang Last 2% t* ; t% 101 Canadian Loc amative.. 11 Deo. 25. both inclusive, compiled from official sales lists Friday Dec 146 ~~5% 25 Cdn Ind A1 A Dec. 20 to 10c 6 * Canadian Dredge Montreal Stock Exchange Deo 28 100 Preferred 2.65 Sept 1.58 May 550 5c 1.00 28 Canners—J Canadian Shaw 1 clgan ... —v. 700 23 ..* Canadian Car,.......— 15c 8c 28 . Canadian Bank Com Oils- Senator Rouyn._*..._._.l Jan e% — Preferred.,— Apr 1.49 — Canadian Breweries. 15% May 37 .—50 Can Wire B.. Jan 3.50 "4% I.td. 1 Wood Cadillac Mines 62c 2.15 .v.,:. . 2LHc • Low Shares 2 He 1.05 Range Since Jan. 1, 1941 for : Week High Sand Rlver.■ j__.$;1 703 % Par Apr 1.19 4 (Concluded) of Price* Low I7tce J 6c ,■ Dec 12% Stocks •. 2% Canada Malting. Preferred High ': Dse .9c 101 ---100 Can Steamships " 8c n- - Low 1.13 , Mar 60c Gold M Ltd. 1 Ventures Ltd..' ■ Preferred, , Sales Week's Range Sale 2,500 • 100 2%c 12%; 12% - 7.50 June Oct 48c ... 6.50 3.50 Sullivan Cons Mi^es. Tec1' Hughes 6.50 —'v. — — 5c 4,001 * . Range Since Jan. Shares High 2%c Canada Cement 2.10 Mar 8c Last 1.1941 Week Price Par (Continued) Stocks High Low 5c Gold--~l Centra] Cadillac Friday for of Prices * Building Prod.. — ——* Calvary A Edmonton * Camp Bird. / J. - ..—~ -1 Can Bread. .v. -• i .:/. ^* • Listed and Unlisted Week's Range Pale Range Since Jan. 1, 1941 for Tuesday, December 30, 1941 Sales Last Week of Prices Sale Mines (Concluded) Range Week's — Friday Soles '''rid a" A CHRONICLE:. THE COMMERCIAL & FINANCIAL 1722 Int. :/ Rate Maturity Int. Bid Asked Maturity Rate Bid Asked. Oct Oct Sept. 15, 1943 Jan Aug Dec. Dec 14 %c 2.65 Jan . — 15, 1943 — 100.13 100.15 Mar. 15, 1944 101.11 101.13 June 1%% %% 101.17 101.19 Sept. 15. 1944 100.4 100.8 1%% 1% 100.30 101 tMar. 15, 1946 100.28 100130 Nat.Defense Nts 1H% 101.10 101.12 t Sept.15, 1944 %% 99.16 99.18 %% 99.6 99.8 15, 1944 Mar. 15, 1945 Jan Dec .. 1%% 2% JDec. 15, 1945 June 4C - fMar. 15 .1943 15, 1943 Jap De5. 1 90 — JThese bond? are subject to all Federal taxes. .. - — .. - .• 1% %% 1%: %.% 1% 100.30 lOt 100.11 100.13 100.28 101 100.10 100.12 99.16 99.18 Volume 154:. Number 4026 1THE COMMERCIAL & FINANCIAL CHRONICLE . 1723 OVER-THE-COUNTER SECURITIES Quotations for Friday Dec. 26 i; ( Insurance Investing Companies Gompanies •' Bid Par . Quarterly Inc Shares.. 10c Republic Invest Fund...l Ask 3.60 4.40 Par Bid Bid Par Ask Fund Inc Ask Par JL Aetna,, i.... ....... Aetna Life _.. 10 10 10 Agricultural'....v.. 75 10 5 Am Eldel A Cas Co com..5 Americau Home 12% American lte-I mrancc .10 44% 9% American Reserve...... 10 25 10 Baltimore American—2% Bankers & Shippers....25 1 57% 44% 5% 21% 100 600 153, 1 New Brunswick——10 5 - 20% 21% New Hampshire Fire —10 41 26% 19% 28 New York Fire 20% North River 22% 23% Northeastern 30 31% City of New York .10 Connecticut Gen Lifewi. 10 Continental Casualty....5 Eagle Fire...........42^ 630 % 39% Employers Re-Insurance 10 Excess > —...5 New Amsterdam7 Caa. —2 ' i I'-' 2.50 w- i. -5 Northern........... 12.50 . ' _.. 10 45 Fidelity & Dep of Md—20 Fire Assn of Phlla Firemen's of Newark Franklin Fire 5% Republic (Texas)....... 10 26% Revere (Paul) Fire. 22 5 25% General Rel isurance Corp 5 38% 23% Georgia Home. ....10 Gibraltar Fire & Marine. 10 Glens Falls Fire 38% 7% Globe A Republic.......5 Globe A Rutgers Fire... 15 2d preferred.1' ...15 Seaboard Fire A Marine. 10 Seaboard Surety 115 r 9% 11% Standard 10 Stuyvesant 5 10% Travelers 23 24 U S Fidelity A Guar 86% 10 Hartford Steam Boiler.. 10 88% 42% U S Fire. 2.45 Bank Group shares..... 9.59 3.04 110 76 > 26.22 28.76 Scries B-2 21.03 23.08 13.51 14.81 6.60 7.25 12.58 Series K-I r.74 2.08 13.76 — 11.40 10.49 Series S-2. Series S-3 7.10 7.81 2.37 ..... Series S-4 25% 2.64 2.55 15.59 Mass Investors 2d Fund.l 15.22 7.17 3.95 7.49 94c 1.03 (Colo) ser B shares * (Md) voting shares..25c 1 15.12 8.81 5.51 . f 6.07 Income series... 3.47 3.86 Low priced bond series.. 4.53 4.99 ■ ....5 *21.42 23.03 Preferred stock series... 5.63 6.25 Equity Corp S3 conv pref. 1 Fidelity Fund Inc -* First Mutual Trust Fund.5 14% 15% New England Fund——1 9.83 10.60 13.32 14.33 N"Y Stocks Inc— Agriculture 5.87 .100 4.86 5.39 Automobile. >*\ ; 3.42 3.78 9.13 .... — 10.04 1.46 1.73 Aviation 2.67 3.06 Bank stock 6.06 6.67 7.13 Building supplies...... 3.77 43% 13% Irving Brooklyn ...100 53% 56% Kings County 20 7i% 37% 73% Lawyers 10 i95 225 > 2.85 3.25 Chemical 7.37 13.27 14.54 3.58 B— ; 100 1455 ' 4.31 Chemical Bank A Trust.10 Clinton 50 Colonial 35 25 ; "8% Preferred. 4 - . i. — -.20 = 25 New-York..—. 23.37 10% 4.03 3.97 4.38 Agricultural shares 29% i Automobile shares 51 % 53 % Aviation shares 63%! Corn Excnange Bk A Tr.20 29% Empire— 40% 2% Title Guarantee A Trust.12 11% 30% 42% < .. . .1 4.62 22 > Trade Bank A Trust.... 10 10.01 6.96 .7.66 7.13 Ask Bid ,Par 12% Bank of Yorktown..66 2-3 42 Bensonhurst National 90 .50 -. Chase N ational...... 13.55 13% Underwriters.........100 ••'80 . •+■ /- ■; 24% 147 155 Fifth Avenue... .100 010 Food shares. . y 46 51 —..12% 22% 23% National Safety——12% 10% Penn Railroad 6.51 2.55 : 2.82 4.93 4.47 Steel 5.13 1105 135 No par value. ♦ Quotations .•%>7 dally statements ■■ s - .: 2,598,806,180 Add or Deduct—Excess of deficiency of receipts over —23.878.208 under disbursements on belated Items..., 2,574.927.912 Asked ,02% 99% 100% Philadelphia Electric 2%s, 1971 100% 101 % Superior Oil 3 %8, 1956 101% 102% Wisconsin Power A Light 3 %s, 1971. ,03% 104% Obligafions Of Governmental Agencies Bid Reconstruction Finance Apr. %s 2s 99.28 99.26 . .00.3 16. 1942 100 101 .9 1, 1943 Apr. 101.13 U Call May 16,'42 at l%s Jan. 3, 1944— 1 1.57 6.31 6.94 Series 1958 Corp— :rT?%v>v ■>' %% —.Jan. 15,1942 100.9 1%.—-.July 1,1942 100.9 t%%—Oct. 15, 1942 100.6 $1%%—.July 15,1943 100.8 fl% Apr. 15. 1944 99.26 100.4 100.2 %%—May 1, 1943 $1%%—-Feb. 15, 1945 Federal Home Loan Banks 1.96 — Asked Bid Asked Commodity Credit Corp— 1.69 — — - - - _ - - __ . 3.41 Plymouth Fund Inc... 10c 5.24 Putnam 30c 2s May j?i 1%% notes Feb. 1, 1944 Call July — verslo U S Co 3s—.1916 i Panama Canal 3s '00.24 101 99.28 100.28 100.31 U S Conversion 3s—-1947 3.'42 at 101 100.10 Issues Other ! 00,24 101 100.11 100.8 S Housing Authority— 16. 1943 100% 100.11 1961 108% 109% 123% 108% 110% 125% (Geo) Fund 1 35c 10.77 3.09 4.80 .— 11.52 tThese bonds are subject to all Federal taxi;i. July 31, 1940 July 31, 1941 Int. - , 77 Pa table - x Ex-Dividend. Amount of Contingent Liability S $ Matured Detail 258,299.169 500,157,956 238.860,800 ————— Princlral S S 1,603,332,000 48.992,817,751 43,190,425,521 367,796.735 385.791,678 198.268.775 Guaranteed by U. S. $ Matured Obligations— Bearing no interest Matured, interest ceased ... Total 179,743.610 1 e92,200 %% bonds of 1939.—% Admin.: Fund.: - . Mutual Mtge. Ins. 2% % debs., series B— debt......T. 21,300 Fourth called .a49,540,388,096 43,774.485,977 — > Fifth called..." '< ? 292 21,592 126.300 1.736 128,036 debt.?-——--l-u..-'.———47,417,741.902 41.757.738,114 transit, Ac.; was 827.817,967.45. " c -— ... — — 374.955.087 3.328,615 Discount accrued on War Savings certificates.—. Settlement on warrant checks 951.310 4% bondsof 1933-51-.— 2%% bds.; ser. B, 1939-49 2 % bonds, series E, 1938-. 1 %% bonds, ser, F, 1939. < Amount Issued and returned for series A to F inclusive Include accrued discount outstanding are stated at current redemption values. retired and outstanding for series G are stated at par value. amounts OF THE 3,390,025 464.165 .. 1941 58,198.051 Complied from Latest Reports Received by the Treasury 1 Amount 354,204 442,281,718 278,061,572 66,000 ... %% • 687 140 934,600 9,560,393 kl 19,000 2,392 /Y; 121.392 Corp.: notes,^eries N..... 9 3,707 375,093 ■•.•-.''•-."•'''v.-'.' Total matured securities a9,544,100 Total, based on guarantees. 6,939,156,355 of Contingent Liability Jnte:esl Principal Balance, deficit (—) or surplus (+) a •; On Credit of United, Int. - Payable Title of Loan— Q-M Q-J 3s of 1961 3s convertible bonds of 1910 1917 July 31, 1941 8 S 28,891.500 4s Canal 1,738,231 411,596,000 3,351 204,241,000 289,458,000 ' 835.085.600 723,376 130,452 94,809,052 Total, based — 1,604,716 1,270,892,616 142 604 of 5,690,797 1.295,500 1,296,004 45,900 9,630,450 046 16,662,505 16,663,151 2%% bds., ser. G, 1942-44 1%% bds., ser. M, '45-47 875,438,625 754,904,025 2,408,920,850 %% notes, series R 1 % noteb, seri es S.' 310,090,000 275,868,000 %% notes, series U..... . 319,895,000 324,397,000 *19,826 Tennessee Valley Authority. 324,416,820 U. 8. Housing Authority: — — 827,619,977 650,466,000 2,101,352,000 1%% notes, ser. B, 1944. % % notes, scries E, 1941 i 2,101,400,827 48,827 c 114,157,000 112,009,000 1,471 114.158,471 313 112,099,313 226,256,000 1,784 0,929,612,255 2,813,538 . _ ....— 1 clt6,811,431 U. S. Savings bonds, defense series E F G, 1941— .. c895,62t,10l 2s Depository bonds—....j-...—41,489,000 Unclassified sales.. —cl36.913,936 U. S. —— 226,257,784 Maritlnie Commission. .......... 86.171.992 • > i: .• 1955-69, $16,500,000. Does not Include $50,000 face amount of bonds In transit for redemption on %% notes, series G, due Dec. 31, July 31, 1941, but does Include $50 face amount of bonds held by Home Owners' Loan Corporation as treasury bonds pending cancellation. Total unmatured securities. 1941—figures as of July 31, 1941, are not the accrued interest amounting to $30,290,208.85, which is secured by tie pledge of collateral as provided In the Regulations of the Postal Savings System, having a face value of $28,882,630, cash In possession of the System amounting to $03,319,866.86, Government and Government guaranteed securities with a face value of $1,254,462,800, and other assets, :■/ • ':;r;' >/■ >. >,+>. : ' i Held by the Reconstruction Finance Corporation. j In actual circulation, exclusive of $14,655,753.36 redemption fund deposited in the Treasury and $334,602,225 of their own Federal Reserve notes held by the issuing hanks. The collateral security for Federal Reserve notes issued consists of $7,305,500,000 in gold certificates and In credits wit 1 toe Treasurer of the United States payable In gold certificates and $4,080,000 face amount of commercial paper. k Does not include $84,000 face amount of notes in transit for redemption on July 31, 1941, m Offset by cash on hand and In depository banks amounting to $1,332,966.91. Government and other securities with a face value of $2,445,100, and other assets. 1 h 571,363,000 571,363,0)0 — 499,704,524 — 1 The following Figures shown are available. 10,083 275,878,083 319,895.000 ys% notes, series V.. — ' 414,211,248 - 1,306,357,123 , 2,887 299,741,887 16,035 310,106,035 299,739,000 — .. Savings bonds, series C. 1037 c406.355.965 G, 1038-1. c489,5 43,9*26 United States Savings bonds, series D, 1939——c808.358.790 United StatesSavlngs bohds, B'eries D.19 40cl,004,260,195 United States Savings bonds, series D, 1911. c334,249,l06 United States ...... 1941, held by the Treasury and reflected In the public debt. : A Does not include $73,750 face amount of bonds In transit for redemption on 2.410,175,062 1,254,212 ' ' 317,831,444 United ctates °avlngs bonds, series . j6,842,421.396 f Does not Include $92,000,000 face amount of Reconstruction Fin. Corp : c312,307.03 l .- 37.293.83: July 31, 1941. 951,035 779,529,235 254,299 875,692,924 48,877 754,952,902 778,578,200 173,827,144 . 1.329.063.289 Funds have been deposited with the Treasurer of bonds of e 3% bonds, ser. A, 1944-52 1% notes, scries W ...8,300,000 credit of the bonds having an aggregate face amount of 856,772,500 Issued Valley Authority Act of 1933, as amended, are held by the Treasury and reflected in tne public debt: Under Section 15a. 2% 70 bonds, series A. due Dec. 15. 1948, $272,500; under Section 15c, 1% % bonds of 19*3-51. 810,000,000; 2%% bonds of 1947-57, 815,000,000; 2%% bonds of 1951-63, $15,000,000; 2%% Homc Owners' Loan Corp.: i on the United States lor payment outstanding matured principal and interest obligations guaranteed by the United c ,'• 45,900 9,630,45!) 2%% debs.; series C... 2%% debs.,seriesD... 1 5,300,000 under the Tennessee cl71,498,716 — 5,300.000 States. .... Housing insurance Fund: 'a% notes, series P. m3,452,454 3,000,000 Fed. lies, notes (face amt.)_ a 5,690,655 — 354,604,669 Other Obliya'tons— 2%% debs., series B— Uncalled... hi 51.949 3,000.000 United States... 632,231 237,108,431 18,656 103,166,155 103,147,600 3% debs., series A — —~ 3,400,505 Savings * 230,476,200 1.269,387,900 — — Postal 835:808,976 94,678,600 ,— — United States Savings bonds, series A, 1935. Zone 37,241,884 907,030,351 Mutual Mtge. Ins, Fund: .. — 1 1,317,362,784 2%% bonds, series A 2%% bonds, series B Federal Housing Admin.: —-. — — Stales: Tennessee Valley authority: — v- 6,942,349,654 1 8.300,000 3% bonds of 1944-49 3 %% bonds of 1944-64— 3% bonds of 1942-47—— 2%% bonds of 1942-47... — 9,923,860 — Agriculture Federal Farm Mtge. Corp.: — . 01 System—Funds due dep.. 1.640 204,242,640 1,479 289,459,479 411,596,000 907,033,000 28,894.500 Adjusted Service Ctf. Fund—'°crics 1942....... .7 19.000,000 10.800,000 2%S Unemployment Trust Fund—Series 1941..... 2.333.000.000 1,723,000.000 4%s Treasury bonds of 1947-1952— . — A-O 758.915.800 758,945.800 4h Treasury bonds of 1944-1954 — J-D 1,036.602.400 1,036,602,400 3%s Treasury bonds of 1016-1956— M-S 480.0X0,100 489,080.100 3%s Treasury bonds of 1943-1947.. — -. -J-D 451,135,200 451,135,200 3%s Treasury bonds of 1941-1943.. ...M-S 514.870,050 3%s Treasury bonds of 1910-1049.. —J-D 818.627.000 818.627.000 3s Treasury bonds of 1951-1955 — —M-S ; 765,432,000 755.432,000 3%s Treasury bonds of 1941 F-A 46,507.350 834.463,200 4%s-3%s Treasury bonds of 1943-1945 A-O 1,400,528.250 1.400.528.250 3%fj Treasury bondsof 1944-1046 A-O 1.518,737,650 1,518.737,650 3s Treasury bonds of 1916-1948— —J-D 1,035,873.400 1.035,873.400 3%s Treasury bondsof 1949-1952 — .J-D 491,375.100, 491.375,100 2%s Treasury bondsof 1955-1960..: ..M-S 2,611,092,650 2,011,092,650 2%s Treasury bondsof 1945-1947.. — M-S 1.214,428,950 1.214,428,950 2%b Treasury bondsof 1048-1951 ——M-S 1.223,495,850 1.223.495,850 2%s Treasury bondsof 195H95t..£. J J-D 1,626,687.160 1,626.687,150 2%a Treasury bonds of 1956-1959 -M-S 981.826.550 981.826,550 2%s Treasury bondsof 1949-1953 J-D 1,786.129,650. 1.786.130.650 2%s Treasury bondsof 1945 J-D 510,8'3.550 5'0.843.550 2%s Treasury bonds of 19*8-^ -..M-S , 450,978,400 450.978,400 2%s Treasury bondsof 1958-1963—.—7——J-D 918,780,600 918.780,600 2%s Treasury bohdsof 1950-1952 .J l.M-S 1.185,841,700 1,185.841,700 2%S Treasury bondsof I960 1965 .J-D 1,485,384,600 1,485,384,600 2s Treasury bonds of 1947.. J-D >701,072,900 " -701,074,400 2s Treasury bonds of 1948-1950. J-D 571.431.150 571,431,150 2%s Treasury boUdso'f 1951-1953 :..t —-J-D 1,118.051,100 1,118,051.100 2%s Treasury bonds of 1954-1956.. .J-D ' 680,692,350 671,311,760 2s Treasury bonds of 1953-1955..'..%...%J-D 724,677,900 2s Treasury bonds of 1948-1950. .1.-..-M-S 1,115,368.400 2%s Treasury bonds of 1952-1954-. .' .'...M-S 1.023.568,350 " 2%s Treasury bondsof 1950-1958-.—. 1,418.712,650 '■ 231 1,738,000 %% notes, series D, 1941 series E, 1941.. % % notes, series F, 1943. 1%% notes, series G, 19*5 1 % notes, Certificates of Indebtedness: Secretary Funds due depositors.... Commodity Credit, Corp.: 40.800.000 v Postal Savings System- Unmatu ed Obligations— July 31, 1940 49.800,000 $ S S Guaranteed by U. S. 379.76o| 3.193,2981 Total +2,132.640,194+2,010.747,863 DEBT OUTSTANDING 69,520 36,937 124,540 938,307 3,520 30,250 124,400 g9,185,300 Reconstruction Fin. ' ' Mat wed 12,833 8,378,254 12.833 % % bonds, ser. K, 1940.. %% bonds, series L, 1941 Amounts issued, UNITED STATES, JULY 31, 149,629 2,029 •".8*,*024* 050 • Detail —— s-: Homo Owners' Loan Corp.: Total gross debt 21C.008t731 — ;• deficit..-+2,132,646,194+2,010,747,86^ 2,257,736,173 ,v'7>.; 7 +37.073,262 a 92,445 245 . Federal Housing July 31, 1911, on the basis of dally Treasury statements, was 849,512,510.128.70, and the net amount of public debt redemption and receipts in 2,294.809,435 Total Interest a 117.513,960 9,003,767.400 1,302.251,000 —- CONTINGENT LIABILITIES Ex-divldcnd Federal Farm Mtge. Corp.: Net 63,013,076 Savings bonds, series D, 1941 x 101% — Pacific Gas A Electric 3s, 1971 2.01 Series 1956. Aggregate of interest-bearing debt ' United States 25% Bid 3%s, 1971. Federal Natl Mtge Assn— . July 31. 1940 V S ' Deduct outstanding obligations: United States Savings bonds, series B. 1936 23% Sterling Nat Bank——25 147,600 July 31, 1941 ; V — — 27% Quotations For Reccnf Bond Issues 1 1 Series 1955... 5.76 ' Treasury hills... CASH AVAILABLE TO PAY MATURING OBLIGATIONS 1NTERE3T-BEARING 26% not furnished by sponsor or Issuer, 5.65 37% 4%s Adj. Service bds. (Govt. Life Ins. Fund ser. 1946) 500,157,956 2%s Postal Savings bonds... J-J 117,352,100 Treasury notes.... ——.... 9,169,889.500 also shown: Total- 16 52 145 ......100 No Amer Tr Shares 1953.* 3.94 Deduct.Treasury-surplus or-add Treasury Disbursing officers' checks... 13 44 040 Merchants. 6.59 3.57 Title of. Loan— 1941, has been extracted from the Treasury's official re¬ Comparative debt figures of a year earlier are Matured interest obligations 12% 10 50 17% Exchange Peoples National. First National of NY. .100 1080 5.99 General Bond port. or Ask Bid 50 Public National 3.17 38 Adjusted Service bonds of 1945. c The following statement of the public debt and con¬ tingent liabilities of the United States, showing also the Treasury's surplus position, all as of July 31, 1940- Balance at end of month by 10% 1120" United States v •; 2 8% PaT National Bronx.. National City ... .. 23% Commercial National.. 100 No Amer Bond Trust ctfs. .,7 / 22 1 New York Btank Stocks 7.85 5.91 - '5.23 Electrical Equipment... ;! 26 Complete Public Debt Of The 7 % % 20 - United States. ..——..100 1090 ; ... . 2.87 Building shares— 2%: - ....50 r 6.17 9.10 Metals 25.13 3.74 Chemical shares.. Continental Bank A Tr.10 . 1 — ♦Central Nat Corp cl A..* ♦Class B— ♦First Boston Corp.... 10 4.43 8.11 5.60 Railroad equipment 29 27% — Oils..... * General Investors Trust .1 61% Manufacturers....... ..20 38% 37% 9% .... Machinery... 3.29 General Capital Corp 1605 f 26 ..25 ... Electrical equipment— Group SecuritiesCentral Hanover... i Insurance stock ; 10 9 * V .] 4.16 i 170 .100 Guaranty 41% 10% ♦Blair A Co.. • 6.47 Corp (Mass) Fundamental Invest Inc.2 221 Fulton. 312 304 10 ♦Series A ♦Series B..... Central 111 Public Serv Foundation Trust Shs A.l Bronx County......... 35 1 — 1.00 9.35 Fundament'l Tr Shares A 2 Bankers A* 4.68 National Security Series— Bond series 16.07 Stock Fund......—4.1 88c 4.35 Equitable Investment Ask '■'..j Corporations 1.69 13.11 Banking 1.79 ♦Series D 2.65 Fixed Trust Shares A... 10 Bank of New York....100 Trustee Stand Invest Shs— ♦Series C.1 11.89 Wellington Fund.....—1 Investment Trustee Stand Oil Shares— 8.19 4.50 25c Eaton & Howard— 36%: Bid 12c 55% Nation-Wlde Securities— Insurance stk series. 10c Ask 10c 53% 1.72 113 B....— 7.71 Mutual Invest Fund Inc 10 14.08 ,2.70 Balanced Fund 4.48 B... i6.76 National Investors Corp.l 4 15.62 4.46 11 % ser 3.35 1 Bank stock series...10c Bid Inc.50c 7.21 6.55 Maryland Fund Inc...10c Mass Investors Trust 3.60 —l 2.50 D 14,29 C.—.......— U 8 El Lt A Pr Shares A— Series ♦State St Invest Corp...* Super Corp of Amer AA..1 * Inc common..10c Fund 31.% 29% 112 Diversified Trustee Shares Dividend Shares Union Bond Fund Bond Manhattan 1 Delaware Fund.... 10.33 9.49 :Series K-2—— 2.08 Fiscal Fund Inc— Par Utilities 7.37 Bank of Manhattan Co. 10 Series B-l.— 1.74 ♦Common B shares... 10 49% 3% 35 11,55 7.95 1 Keystone Custodian Funds- Series B-4...... 23% 115% 24% .2.50 Westchester Fire 10.86 73c 7.76 Investors Fund C 1.86 .-1 C——— 45% 78 % 5.33 U."' 1.19 Crum A Forster Insurance 42% 44 4.80 ' 17.38 20 Series ACC mod1 ' 22% 4 05c 1.08 15.99 3.30 24 *■ Crura A Forstcr com.. 10 360 Co..2 ] 3.04 12.80 Insurance Group shares. 3.05 ♦8% preferred.... —100 67c 73.67 * 13.67 . i 72.21 Sovereign Investors Spencer Trask Fund 25.06 8.86 Series A A mod 41c 1.91 12.47 Aviation Group shares.. 205 _...... U S Guarantee— % 1.70 12.77 23.30 Accumulative series... 1 .39% ! 175 11.90 11.84 . • * 0.76 Standard „/. 37C 60c Institutional Securities Ltd 19.58 118 350 Investors..5 Incorporated 4% 10.80 9 100 _ 1.25 Independence Trust Slis.* 3% : 18.11 ♦7% preferred......100 Sun Life Assurance.... 100 40% 10 11.88 Cumulative Trust Shares.* 2% Accident 1.14 ' .4% 48% 25% !-9% .....10 Home Fire Security 7% 40% 37% 10 10 Springfield Fire A Mar. .25 8% 8%' Security New Haven dv Hartford Fire.. - 2% 3% 270 - Inc common.. 10c 2.80 Corporate Trust Shares.. 1 Series A A ........1 27% 23% 3% 264 St Paul Fire A Marine.62% 24% 5 10 Hanover. ; 0 64 7 60 Great Amer Indemnity... 1 Halifax 10 —2% Rhode Island 39% 26% 22% 40% 21% 5 Great American... 31% Reinsurance Corp (N Y).2 12C Series B-3., 13% 32% Providence-Washington .10 8% 4.32 3.34 4c Chemical Fund....1 86% 8% 26% 58% 5 2.42 2.96 3.02 Century Shares Trust..-* 36 60% 98% 10. % 10 Fireman's Fd of San Fr.25 -.5 Commonwealth Invest...1 12% 4.48 *3.92 Steel shares Fund Consol investment Trust. 1 Preferred Accident. —.5 115% 120% 4.06 2.19 .2.68 . Tobacco shares........ i? Canadian Inv Fund Ltd—1 ■ |24.. 34% shares. ♦Huron Holding Corp. —1 Income Foundation 5 9.13 Bullock Fund Ltd.......1 - 85% RR Equipment 4.94 9.82 15.61 Broad St Invest Co Inc..5 4% ........10 Phoenix... 47 4.48 ..... 4.11 Investm't Co of Amer..10 23% Pacific Indemnity Co... 10 Federal.......... 3.73 Ask ■. —_25c Class B .2.82 Selected Amer Shares..2% Selected Income Shares.. 1 * 117% 121 % Pacific Fire——25 7% Group Securities (Con) Merchandise shares.. Ask 16.97 4% - Inc....l Boston Fund Inc........5 42% .. Petroleum shares...... 7.95 ♦5% preferred 13% 98 .118 2.60 7.22 Basic Industry Shares..10 ■ 43 95 National.25 Northwestern o 2.37 Bankers Nat Investing— ♦Common... 1 17%-. 32%: % 12% 22% 4% 5 * Mining shares Aviation Capital 22% 59%, 6% 0,'v 148 13 Axe-Houghton Fund Inc.l 6% 58% ■" -2 National Union Fire....20 -.->10 .. .. _ National Liberty 36% 6% 86% 11% Assoc Stand Oil Shares...2 16% 31% Boston _ National Casualty..——10 National Fire.. ....10 2.17 Railroad shares........ 46 Merch A Mfrs Fire N Y. .4 7.02 1.98 Amer Foreign Investing 10c 1% 55% Merch Fire Assur com...5 44 83 Camden Fire 2% 0.46 ^Amerex Holding Corp. 10 Amer Business Shares... 1 37% 7% 2%, 6% Bid Par Ask Securities.. 1 Affiliated 75%, Ins..12% Maryland Casualty 13% 45% 10% 42% 34% 6% Caroli na....... .v. 74% 34% Bid Fund Inc...l% Aeronautical 5% American of Newark—2% Automobile. 15 Jersey Insurance of N Y.20 Knickerbocker.......... 5 Mass Bonding A American Surety 26%. 16% 25% Lincoln Fire.i..........5 17% 10% 3 9% 10 ....5 Ins Co of North Amer.. 10 21 >10% —— Homestead Fire........10 78 20 25 American Alliance. American Equitable Home 120% 124% 54% 56% 23% 24% Bid Trusteed Industry Shs.25c 2.51 Scudder, Stevens A Clark Aetna Cas A Surety Par Trusteed Amer Bank Shs— 6,932,425,794 as of April 30, Offset by dash In designated depository banks and THE COMMERCIAL & FINANCIAL CHRONICLE 1724 Condition of the Federal Reserve Bank Weekly Return of the Board of Governors of the Federal Reserve System COMBINED RESOURCES Omitted ctfs. U. S. Treas.T fund Reserve notes) 20,515,018 14,388 cash* Total Dec. 24, FEDERAL Dec. 17, 1941 19,680,782 20,516,016 $ RESERVE BANKS AT THE CLOSE OF Dec. 10, Nov. 3, 1 -v.; . DEC. Nov. 12, ■A 1941 19, 1941 24, of Ken York 1941 Nov. 5, 1941 20,551,015 1941 20,557,032 20,556,533 11,228 20,743,465 reserves 14,586 15,352 15,496 15,344 13,553 228,561 223,766 231,589 236,263 258,491 259,193 - 213,759 19,920,571 20,797,956 20,754,368 20,804,775 20,557,030 20,559,027 20,827,856 13,737 20,829,273 14,555 13,424 243,661 258,143 275,188 20,814,430 20,829,728 discounted— 1,965 2,401 2,473 2,608 discounted- bills Other 7,069 4,200 5,304 4,060 9,710 7,598 9,711 2,589 3,147 1,452 2,831 1,799 1,355 2,561 2,134 1,744 2,420 3,320 3,619 3,861 3,863 Industrlal U. advances Govt, S. and 5,567 5,909 4,074 6,422 5,997 5,154 — Bonds // 9,799 9,995 10,065 10,033 9,772 fund casht 1,455,467 1,284,000 1,452,070 1,406,800 777,300 899,500 777,300 777,300 J Bills 10,370 10,370 & and sec. 2,195,898 2,254,755 2,196,470 2,210,302 47 47 47 47 32,906 26,542 29,475 items—. 1,406,800 1,406,800 1,406,800 1,406,800 777,300 777,300 777,300 777,300 777,300 ! 42,096 - - Total assets 24,338,002 - 914,424 41,188 v 1,449,654 * 935,521 ) 41,150 Total 23,145,601 24,570,603 2,184,100 2,184,100 2,184,100 2,199,466 2,200,001 2,199,113 2,200,587 2,200,130 2,199,026 ."vV ' 47 47 47 47 32,634 47 36,908 36,065 38,217 :v,■•...! Fed. Res. 17, 1941 Dec. 24,1940 ■' i • m 8,152,557,000 9,647,'l 99,000 1,416,000 1,241,000 48,729,009 8,150,655,000 ■ * 8,198,830,000 9,697,169,000 S. Govt, and 2,275,000 1,135,000 532,000 discounted... 65,000 25,000 516,000 discounted. 2,340,000 U. Govt, S. rect 47 advances 1,010,166 41,009 1,027,780 1,243,860 948,526 41,060 41,085 40,955 49,568 48,302 47,733 47,102 24,136,503 24,178,243 24,398,026 ii 908.253 . 24,087,712 1,0*8,000 . 1,767,000 " 381,544,000 380,421,000 379,573,000 203,765.000 203,641,000 265,782,0<m 2,719,000 2,717,000 588,028,000 586,779,000 645,355,000 591,473,009 Bills 40,945 45,605 1,105,000 589,044,000 648,170,000 18,000 18,000 - 993,098 40,900 46,110 4,160,000. 7 guaranteed: Bonds 35,734 .. di¬ securities, and , 1,105,000 ...... 24,063,385 Total U. Govt, S. curities, 24,162,094 bills Total se¬ at.d direct guaranteed — and securi¬ in actual notes ' 8,202,083 — 5,984,938 7,838,397 8,014,326 7,730,137 7,579,039 7,612,074 7,520,360 7,475,059 7,385,166 Due from account 12,446,867 13,837,243 481,494 925,258 808,967 1,111,262 13,219,388 13,178,056 13,125,840 12,941,831 12,706,697 12,594,430 12,631,591 ' 157,141 320,557 440,327 598,465 806,749 933,220 935,053 12,497,269 907,665 1,007,931 1,029,393 1,046.242 1,147,151 914,827 1,189,409 852,905 U. S. Treas.—General Uncollected :1 613,028 600,207 629,780 678,698 601,253 648,3U2 713,133 1,129,262 660,297 674,213 16,030,206 14,905,212 14,990,280 15,107,797 15,243,868 15,304,671 15,303,005 15,349,014 979,104 773,925 1,271.261 860,131 920,637 943,708 1,136,372 886,211 861,573 5,437 5,564 7,537 5,036 5,525 5,201 4,818 5,192 23,963,552 22,774,506 24,196,363 23,696,345 23,763,607 23,805,175 24,025,081 23,714,777 23,690,464 23,789,050 Capital paid in 142,114 138,267 142,037 141,284 141,259 151,720 157,065 157,065 157,065 157,065 157,065 26,785 26,839 26,785 26,785 26,785 26,785 48,486 54,260 48;353— 47,932 47,765 141,352 157,065 26,785 47,866 141,302 157,065 141,281 157,065 141,324 Surplus (section 7) —Surplus (section 13-b) Other capital accounts - 141,305 157,065 26,785 47,771 47,783 47,787 26,785 47,935 24,338,002 23,145,601 24,570,603 24,069,432 24,136,503 24,178,243 24,398,026 24,087,712 24,063,385 24,162,094 90.6% 91.1% 91.1% 91.1% 91.0% 91.3% 4,426,000 274,549,000 221,168,000 10,734,000 10,734,000 9,721,000 11,004,000 10,635,000 13,291,000 v;.+ 942,331 5,838 2,014,000 330,823,000 assets 15,456,361 18,000 2,911,000 ........ ,,.......... premises Other 720,534 14,776,527 ,r other banks items Bank account banks.. foreign notes of F. R. Deposits—Member banks' Foreign Dec. ■■■ 44,857,000 ties circulation reserve '■ t 41,530,000 Notes 31,472 41,051 24,069,432 business 1,241,000 ...... U. bills Industrial 2,184.100 Liabilities : + Federal of R. direct by Other bills . ."!*■ •; r, 777,300 2,184,100 52,484 \ 41,154 46,931 F. — guaranteed 1,406,800 2,184,100 32,071 1,218,429 41,143 premises Other assets the discounted: Secured : 12,370 2,239,740 2,259,916 — 2,184,100 — Uncollected Bank , Bills other of notes Res. banks ^ 2,243,137 from foreign banks. Due •••' -Vv'v guaranteed bills Total Fed. 10,039 * 1,406,800 Total U. S. Govt, sec., direct of close the 8,107,884,000 ♦.........., obligations, ++ . at ' $ ......... Other guaranteed: Notes : 9,772 direct sec., condition 3,410 / hand on Total reserves bills Total York due from U. S. Treasury* Notes 5,104 the New Dec. 24 1941 certificates Redemption S. Govt. direct and guaranteed shows of ■/Assets—. 7 Gold Secured by U. oblig., Bank the corresponding date last year. 20,847,639 discounted: Bills following Reserve Dec. 24, 1941, in comparison with the previous week and 20,554,021 20,553,016 The Oct. 29, $ $ • Nov. 26, 1941 1941 1941 BUSINESS (Fed. Redemption Other THE 1940 K'<:: $ OP and hand on due from Dec. 1941 Assets Gold LIABILITIES Dec. 24, (000) Three Ciphers :i AND Tuesday, December 30, 1941 91.3% ■ ___a Other, deposits—— ; avail, Deferred items — : dividends 4,999. + Capital Accounts ; liabilities Total capital posits Commitments Industrial 90.6% 6,253 14,969 — 15,139 14,871 14,937 14,735 14,574 2,989 2,826 240 354 293 137 608 653 572 178 379 472 343 1,902 2,138 1,954 1,963 2,059 2.789 276 467 281 166 194 225 bills disc •->: 112 810 107 342 258 438 283 days 1,740 1,617 5,304 4,060 5,567 5,909 4,974 6,422 5,997 1,477 3,239 3,124 3,129 3,105 3,042 676: 659 394 377 398 540 110 562 556 137 431 692 550 671 5,637 593 595 621 403 693 5,154 5,203 5,630 5,229 Govt, S. 1-15 10,065 10,033 9,772 211 156 203 247 5,452 5,659 5,179 5,169 5,227 5,254 9,710 7,598 9,711 9,772 9,799 9,995 ; Govt, S. curities 74,800 2,143,570 43,000 95,170 2,109,300 9,142,098,000 10,593,963,000 9,041,344,000 ... to reserves deposit R. note combined ..... and liabilities F. Commitments make to 460,000 bank Reserve Federal own 93.9% 94.3% 460,000 701,000 93.6% in¬ advances dustrial bank's include Federal reserve notes or a notes. " These 2,196,470 2,184,100 2,184,100 2,184,100 2,184,100 2,184,100 2,184,100 the dollar was, on Jan. appropriated as profit by the Treasury been having these certificates be¬ itself the extent of the difference, the difference worth less to ing for the by the United States Treasury certificates given are under the provi¬ 1934. se¬ 2,243,137 - 2,184,100 2,239,740 2,196,470 2,184,100 2,184,100 2,184,100 2,184,100 2,184,100 2,184,100 " — r-i" 1. ■. 8,592,656 6,247,538 8,407,565 8,222,403 8.089,430 39o|573 282,438 393,239 383,745 359,293 8,005,755 393,681 circulation— 8,202,083 5,965,102 8,014,326 7,838,658 7,730,137 7,612,074 7,901,975 7,579,039 Collateral Held by 341,548 374,807 7,520,360 7,761,865 376,699 ■ V ^ Returns of Hember Banks in fiew York 7,385,166 7,475,059 and Chicago—Brokers' Agent for 7,816,607 381,615 7,953,846 by Fed. Res. Bank. " :■—-—■— — ? ,>+■:<v. ■ No«es— XSSbUydFt0RedAg^nt Ban! actual 51,094,000 53,326,000 7,109,000 15,097,000 and direct Federal Res. In 13,700,000 ... +; and sions of the Gold Reserve Act of guaranteed Held , 31, 1934, devalued from 100 cents to 59.08 cents, 95,170 2,146,967 days U. Total total of 7,070,000 .... accounts capital Ratio 51,800,000 56,447,000 7,070,000 13,616,000 51,803,000 56,447,000 in liabilities Total • clgiys 90 Over paid gold taken over from the Reserve banks when 1,000 1,000 days 61-90 1,737,000 9,013,165,000 10,466,437,000 8,912,324,000 securities, days 31-60 1,585,000 1,721,000 dividends liabilities t "Other cash" does not. adv davs 16-30 180,156,000 215,090,000 612,667,000 489,773,000 including (Section 7) Surplus (Section 13b) Other capital accounts direct and guaranteed- .y'> 8,711,458,000 279,250,000 items 7,393,928,000 < 2,788 10,039 ind. adv industrial 6,656,235,000 206,112,000 1,573,086,000 Capital Accounts- 415 528 3,111 731 3,056 196 464 days ind. adv— Total 392 4,200 days ind. adv. 90 6,594,367,000 deposits availability liabilities Other 1,643 .. 1,991 ind. adv ind. adv— days Over U. 1.790 2,424 7,069 • days 61-90 311 640 , 1,592 bills 1-15 337 1,334 days bills disc- 16-30 224 251 tills disc days Total 378 5,064 disc 90 245,251,000 340,457,000 503,685,000 deposits 572 disc bills 31-60 13,238 1,609 3,166 3,247 1,501 bills days Total 14,175 , days Over 14,657 5,566,842,000 220,388,000 acct. Acct. Surplus 1-15 61-90 Other Capital 16-30 days S. Foreign Total Short-Term Securities— 31-60 912% 5,565,260,000 321,940,000 486,779,000 bank—res. Treas.—Gen. Member make to advances and Bills 90.3% _ 2,076,095,000 Deposits: accrued Res. Distribution of Maturity 2,110,124,000 cir¬ actual in notes Deferred to de- Fed. and liabil. combined note R. culation U. and accounts Ratio of total res. i ,, 26,785 9,142,098,000 10,593,963,000 Liabilities— F. incl. accrued liab., Other 9,041,344,000 Total assets Loans Notes Security as to issued Gold due ctfs. bank— on from ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER hand and 8,703,000 U. S. Treas- Total collateral 6,364,500 8,562,000 8,332,000 8,211,000 4,415 3,401 4,987 8,136,000 5,111 8,072,000 2,912 6,367,412 8,566,415 8,335,401 8,215,987 8,141,111 8,076,151 6,527 eligible paper By 5,709,527 — 7.988,000 8,052,558 7,901,000 5,177 8,047,000 5,558 4,151 4,175 BANKS IN New York City 7,905,175 7,993,177 RESERVE CITIES CENTRAL (In Millions of Dollars) Chicago Dec.24 Dec.17 Dec.24 Dec.24 Dec.17 Dec.24 * "Other ♦The^ devalued S cash" are from itself does not certificates 100 having cents been include Federal Reserve : notes. : the United States Treasury for . ' i « * . a j. : i ■. . . dollar the gold taken over from the Reserve banks when the 31, 1934, these certificates being worth less to the extent of the difference, appropriated as^ profit by the Treasury under provisions of the Gold Reserve Act of 1934. riven to by the 59.00 cents on Jan. '■% $ Assets— 1':; $ 1940 1941 1941 1940 ... $ $ , $ 12,275 12,314 10,323 3,816 3,093 3,819 and invest.—total— Loans 1941 1941 Y;y- was differ- Loans—Total Indust. and agricultural loans Open market paper 2,772 2,759 2,392 + 943 944 686 1,906 477 Commercial, Changes in member bank The Week with the Federal items during the week and the ^Reserve Banks member bank reserve Reductions in mem¬ ber bank reserves arose from increases of $201,000,000 in money in circulation and $2,000,000 in Treasury cash, offset in part by increases of $66,000,000 in Reserve Bank credit, $6,000,000 in Treasury currency, and $3,000,000 in gold stock, and decreases of $17,000,000 in Treasury deposits with Federal Reserve Banks and $61,000,000 in non-member deposits and other Federal Reserve ac¬ counts. Excess reserves of member banks on Dec. 24 follows: estimated decrease of The to be approximately $3,060,000,000, a principal change in holdings ities was an increase " > > of bills and secur¬ Gov¬ ernment bonds. Real Since Dec. 24, 1940 'ii: ' $ 7,000,000 + 2,000,000 + 3,000,000 + 3,000,000 + S. Govt, direct, oblig— 2,238,000,000 U. S. guar, oblig— 5,000,000 (not includ. Govt. adv. $15,000,000 Dec. United U. Other Bank Res. creditcredit stock Treasury Member bank Treasury res. bal—_ circulation dep. Reserve 39 51 54 51 23 23 150 114 39 26 455 .... 172 104 148 397 85 85 77 1 20 ' 335 371 281 270 265 312 1,568 1,168 151 151 147 3,478 3,496 2,834 913 917 1,631 1,620 1,567 115 117 x—. 1,455 1,443 1,380 380 365 378 banks- 4,788 4,816 6,645 1,063 1,073 1,103 89 99 96 45 44 47 banks. 93 92 88 351 363 324 310 303 322 37 36 41 10,164 10,127 10,479 bonds by the guaran. with - 1,557 Res. vault in ■ dom. 762 ' 107 R. 10,000,000 239,000,000 + 61,000,000 2,499,000,000 + 66,000,000 163,000,000 + 3,000,000 820,000,000 Demand 2,285 6,000,000 162,000,000 2,286 1,997 + Time deposits 730 735 723 497 496 514 50,000,000 —1,390,000,000 + 2,407,000,000 U. Government 777 739 28 127 131 95 3,474 3,621 3,807 1,049 1,054 1,011 ' with 12,447,000,000 — 11,224,000,000 + 201,000,000 2,195,000,000 + 2,000,000 deposits — 18,000,000 assets—net Liabilities— S. — 17,000,000 + 427,000,000 deposits. Inter-bank deposits: Domestic — 61,000,000 — 281,000,000 banks - 'V1': ...' 1 606 banks 597 605 8 8 8 275 270 318 17 18 18 1,529 1,535 1,514 284 283 264 Borrowings Other 1,719,000,000 V:'-V;,. . deposits—adjusted Foreign 908,000,000 & accounts.. Other 98,000,000 Fed. Banks Non-member other F. —— securities Balances 3,244,000,000 currency In 19 46 22,750,000,000 Bank Res. Total Gold 25 455 Government with Fed. Cash 2,000,000 24 41 39 notes States S. Other commit.— 24) 91 387 104 bills Obligations Res. Indus, , - banks loans Other Treasury 59,000,000 U. 714 88 379 ' to Treasury $ ■ discounted loans * on securities estate Loans Since Dec. 17, 1941 ' pur. 718 87 373 : dealers & for loans Other f Dec. 24, 1941 Bills brok. carrying , Treasury cash of $3,000,000 in United States ended Dec. 24, 1941, Increase (+) or Decrease (—) Money $30,000,000 for the week. year . During the week ended Dec. 24, balances decreased $50,000,000. were to Loans as were balances and related reserve 2,601 2,613 Capital liabilities accounts . Volume 154 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4026 " 1725 Weekly SlieiM of Resources and Liabilities of fe 12 Federal Reserve Ekf&s si Olose of Eisslsssss 0cc, 24, SS4! Three Ciphers Federal certificates hand and ■V.:. due from U. S. $ $ v'y Cleveland Philadelphia ■/.. $ - Richmond Atlanta 805,682 559,231 3,438,280 617,987 388,797 1,936 477 1,179 662 408 $ y;K\ St. Louis Chicago $ $ Minneapolis fund—Fed. $ $ 1,182,619 8,107,884 1,253,033 1,665,036 14,688 Treasury 4,193 1,241 964 975 23,422 41,530 14,393 17,220 12,132 12,242 30,880 15,404 4,272 1,210,234 8,150,655 1,268,390 1,683,231 819,750 571,950 3,470,339 634,053 393,477 2,275 942 100 64 65 106 88 ■5 notes Res. reserves >. San Dallas City $ 20,515,018 20,743,465 on cash* Total Bills Kansas New York Boston Total at— 213,759 Redemption Other Omitted Agent ASSETS ■■ Gold (000) Reserve s $ 562,166 J Francisco 403,198 765 1,531.105 574 1,314 9,142 10,882 22,240 572,073 414,654 1,554,659 \ discounted: Secured by Other U. S. Govt, obligations, direct and guaranteed— bills 5,104 1,485 1,965 discounted —~ y' 35 100 —..._r 18 85 21 137 1,543 . :■ ■■«. 7- Total bills discounted 7,069 1,485 2,340 1,048' r- 188 9,710 .' 1,884 1,105 3,554 242 766 112,434 381,544 114,861 144,039 89,084 60,045 203,765 61,342 2,719 818 69 1 476 301 35 / 100 1,628 OO ■ 498 87 f-t 00 V-* W -a c ' Industrial U. S. ;.' advances Govt, 1,455,467 - Notes 777,300 Bills < 10,370 U. from Fed. Res. Bank and 197,584 73,270 42,997 62,185 50,835 124,815 33,015 105,521 39,130 22,963 33,210 27,148 66,659 1,026 635 441 1,408 522 306 443 362 889 221,991 137,295 95,275 304,513 112,922 66,266 95,838 78,345 192,363 222,421 138,061 95,820 304,835 113,357 66,864 97,553 78,754 192,506 4 2 >; 2,243,137 173,280 588,028 177,021 2,259,916 176,649 591,473 181,623 47 3 18 6 1 t 1 1 756 2,911 1,508 2,080 7,596 3,152 4,706 3,181 1,665 2,044 853 2,454 99,163 274,549 83,631 163,083 96,218 53,092 182,208 58,284 27,799 52,941 46,093 81,368 2,782 10,734 4,865 4,439 2,978 2,987 2,278 1,341 2,880 3,050 11,004 3,326 4,514 2,726 1,737 5,329 1,969 1,269 1,715 24,338,002 1,492,637 9,041,344 1,543,348 2,079,772 1,067,331 727,702 3,970,410 813,123 492,415 729,207 542,954 1,837,759 8,202,083 675,193 2,110,124 578,242 783,589 435,445 279,526 1,716,610 322,210 207,265 262,823 135,861 695,195 12,446,867 568,300 5,565,260 680,200 936,574 461,937 313,863 1,798,020 355,532 174,993 348,318 300,851 943,019 93,113 220,388 86,343 .95,169 33,032 42,271 150,090 36,148 50,216 39,200 31,594 30,101 31,876 321,940 77,041 73,070 34.152 27,798 95,309 23,827 17,473 23,033 23,033 7,833 7,382 5,079 10,329 9,707 2,203 1,477 252,389 412,754 356,955 1,062,168 22,911 42,044 38,410 52,308 - ... banks i'.V. '• , of other notes 61,819 47,576 76,926' 32,906 securities, direct and guaranteed securities__^-i_^ foreign Uncollected banks items 41,143 premises Other 125 1,218,429 Govt, S. bills Total Due " 272 securities, direct and guaranteed: Bonds Total •fe: i 42,096 assets : v • • 2'rt 1,949 f . see 4 1,144 2,766 1,455 .. "» 4,002 ■ Total assets - LIABILITIES F. R. notes in actual circulation ■■ Deposits: bank Member U. account reserve Treasurer—General S. account 907,665 v, ' Foreign Other Total Other Total 13,659 486,779 15,263 706,948 6,594,367 858,847 1,129,497 536,954 391,314 2,048,498 425,836 979,104 84,175 206,112 71,247 131,479 78,297 42,997 156,175 52,949 5,838 607 1,721 447 617 434 162 724 175 162 218 216 355 23,963,552 1,466,923 8,912,324 1,508,783 2,045,182 1,051,130 713,999 3,922,007 801,170 482,727 717,839 531,442 1,810,026 — deposits availability items liabilities, incl. accrued divs. liabilities CAPITAL 142,114 9,399 51,803 11,905 14,636 5,708 4.880 15,588 4,407 3,003 4,599 4,359 11,827 157,065 Surplus 10,906 56,447 15,144 14,323 5,247 5,725 22,824 4,925 3,152 3,613 3,974 10,785 26,785 2,874 7,070 4,393 1,007 3,244 713 1,429 533 1,000 1,138 1,263 2,121 48,486 2,535 13,700 3,123 4,624 2,002 2,385 8,562 2,088 2,533 2,018 1,916 3.000 24,338,002 1,492,637 9,041,344 1,543,348 2,079,772 1,067,331 727,702 3,970,410 813,123 492,415 729,207 542,954 1,837,759 14,969 455 460 2,659 1,048 874 1,771 1,850 1,201 28 1,500 23 3,100 Dallas Francisco (Section 7) Surplus (Section 13-b) Total accounts liabilities Commitments • and accounts capital industrial does cash" • - make to "Other t 28,633 ; ACCOUNTS Capital paid In Other capital 60,415 613,028 24,684 14,776,527 deposits Deferred 808,967 - not - advances include Federal Reserve notes, t Less than $500. Federal Reserve Hole Statement Three Ciphers Federal (000) Kansas Omitted Bank Reserve New York Boston Total of— Richmond Cleveland Philadelphia St. Louis Chicago Atlanta Minneapolis San City ' Federal Held F. Bank by F. R. actual $ $ 2,204,989 694,556 8,592,656 — 390,573 circulation Collateral held by agent as 813,677; 604,416 19,363 94,865 675,193 2,110,124 578,242 700,000 2,220,000 615,000 1,485 2,340 2,222,340 615,942 $ 1,756,602 302,461 $ 340,132 $ 212,475 $ 273,306 $ 150,828 777,746 30,088 26,023 22,935 39,992 17,922 5,210 10,483 14,967 82,551 435,445 279,526 1,716,610 322,210 207,265 262,823 135,861 695,195 475,000 310,000 1,780,000 350,000 214,000 275,000 35 100 1,625 942 701,485 $ $ 461,468 783,589 26,174 8,202,083 Reserve Bank by Federal In R. Agent $ $ $ notes: Reserve Issued to ; security for notes issued to bank: " certificates on hand and due from U. Gold Eligible ; S. Treasury—, 8,703,000 collateral Total RAILROAD PUBLIC UTILITY - The sale is set has be to Court the made and is sale of assets of company under direction of to subjcet be to the for Feb. Master of 18, In the said 1942. Ontario bid, according to an order handed down by Justice Middleton. The judgment was for a sale without reserve bid, so that news that Justice Middelton has decided on a reserve bid was a surprise to the various security holders. Supreme Earnings for Month and a reserve 11 Months Ended Nov. 1941—Month—1940 "■Profit t$l, 114,431 — - "After general expenses before but $630,584 $8,841,058 $7,257,469 depreciation and bond interest, does not have to submit a list of stockholders to and associates, according to an opinion handed the Appellate Division of the N. Y. Supreme Court, y reserved an opinion of Supreme Court Justice Steuer company A. Newman Court not granted the Newman group access to the list of stockholders.— 154, p. 1488. ^ A11 American Aviation, Inc.—Officer The resignation of James G. Ray Resigns, etc.— Vice-President in charge of operations and as a director of this corporation was announced recently as . Aluminum Co. of America—Wins Again in U. S. Anti¬ trust Case— Government efforts to expedite an appeal from Federal Judge Francis decision against it in the Aluminum antitrust law pro¬ ceedings were denied Dec. 17 by Judge Caffey. Assistant Attorney General Thurman Arnold made a motion to hasten the Federal appeal by having the Court's oral opinion desig¬ nated as its findings of fact and conclusions of law, or, as an alterna¬ tive, entering a final order dismissing the complaint. Caffey's - INSURANCE 155,000 ; . 276,625 794.000 y. 155,000 794,000 Dec. 17 disposing of the motion, Judge Caffey assuming that the statements made in the oral opinion acceptable as findings and conclusions to the U. S. Supreme "numerous issues had been made by the pleadings which were or even mentioned in that opinion."—V. 154, p. MISCELLANEOUS - The companies Sherman and antitrust Shelby Carter, Chairman of the protective committee for holders 6% notes of the corporation, has been appointed General Man¬ to act in the interest of the noteholders and to supervise daily operation of the business, it was announced Dec. 17, in a letter to security owners. ager 154, p. 1049. *' American Water Works & Electric Co., 1697. C. of executives were convicted of violation of the a jury on Oct. 27 at the conclusion of trial act by which lasted 20 weeks.—V. Inc.—Output— of the electric subsidiaries of this company for the kwh., compared with 251,341,944 month of November totaled 289,655,416 kwh. for the the For corresponding month of last year, an ended months 11 3,024.163,104 kwh., as against Nov. 1940, an increase of 15%. 30, 1941, power output totaled kwh. for the same period 2,550,647,471 increased 19%.—V. 154. p. 1697. the have committee has company on exclusive —V. been taken toward liquidating some assets and the reduced expenses and arranged for operation of the monthly budget which provides a small operating profit, depreciation and interest on the notes, the letter says. Antilla Sugar a of 141, p. 1924. Company on reorganization. Estates—Reorganization Plan— Dec. 19 announced the promulgation of a plan of Copies of the plan of reorganization are now available holders at the office of The National City Bank, New depositary. St. Amour, First Vice-President, states: The board of directors of the company, having given careful thought to the situation confronting its security holders, earnestly recom¬ debenture to York, James A. American Sugar Refining Co.—$2 The Common Dividend directors have declared a year-end dividend of $2 per share on stock, payable Feb. 2 to holders of record Jan. 5. This compares' with 50 cents paid on Feb. 1, 1941, which was the first distribution on the common stock since July 2, 1938, when 25 cents was common paid.—V. 152, p. 2378. mends If prompt action by them to make the plan effective. the plan does not become effective before Jan. 1, 1942, no interest income debentures on that date unless before waive the moratorium provided for in the Cuban Constitution of 1940, which is highly improbable. \ will that be paid on the 6% date the stockholders . Securities Outstanding, aircraft manufacturer, engi¬ neer and inventor, has become associated with this corporation as engineering adviser.—V. 154, p. 650. v . 214,100 350,035 The power output by Richard C. du Pont, President. Grover Leoning of Garden City, N. G. INDUSTRIAL - passed on the r 1,780,000 310,000 475,000 American Sealcone Corp.—New General Manager— which V. 815,000 be Court, down Dec. 19 by The ;■ written opinion a Steps Adams Express Co.—Upheld On Stockholder List— The —— that, would 30 1941—11 Mos.—1940 flncludes $200,430 received in U. S. exchange.—V. 154, p. 1488. Jerome 815,000 Corporation and Investment News Abitibi Power & Paper Co., Ltd.—Sale Feb. 18— court . 8,709,527 General The -- 6,527 paper American Tobacco Co.—Denied New .Trial And, Fined The tobacco companies—Reynolds, Liggett & 13 officials, were denied a new trial on price fixing and monopoly convictions in U. S. District Court Dec. 11 at Lexington, Ky., and fines of $15,000 each were assessed. ■ The companies and officials were fined on three accounts of a Myers, nation's "big three" The securities of the and Earnings company' outstanding at Sept. 30, four-count criminal information. Each was fined $5,000 for con¬ spiracy to fix prices; $5,000 for conspiracy to monopolize the industry and $5,000 for monopoly. The fourth count, charging attempting to said, was the same as that of conspiracy to ^'V "big three" companies, American Suppliers, Inc., subsidiary of the American Tobacco Co., was assessed the $15,000 monopolize, monopolize. the judge ■ In addition to the fine. ^ .v•" 1941, and accumulated interest thereon were as follows: Accum. and American—and . a >: Financial Condition Outstanding Interest 20-year 6% income debentures, 1951— $7,110,600 $2,808,687 20-year 6% income notes, 1951—__ 4,000,000 1,980,000 Common stock, 24,401 shares ($100 par) 2,440,100 Since the organization of the company in 1931, interest has been paid on its debentures in only two years—r4% in 1937 and 6% in 1938. No interest has ever been paid by the company on its notes. The accumulated interest on the debentures and notes amounts, thus, to 39V2% and 49y2% of the principal thereof, respectively. The sinking fund provisions of the debentures cannot operate until all accumulated interest on the debentures and notes has been paid. — ' . • the company had consolidated net current assets, provided in the agreement under which the debentures $1,508,806 in excess of the minimum of $1,000,000 of net current assets which the company must have before it is required to pay earned interest on the debentures. This current asset position of the company, which has been built up over the past 10 years, is more than sufficient to meet the ordinary needs of the business. While for several years the company's consolidated net current assets have been substantially in excess of the $1,000,000 On Sept.'30, 1941, calculated as issued, of $2,508,806, which is were part of such excess has been applicable to the payment such interest is payable only out of consolidated net earnings of the ' company for the preceding year, minimum, no of interest on the debentures because unpaid accumulated not required in the business or for interest purposes the board of directors in the summer of 1939 and in the spring of 1941 decided to accept partial condona¬ tion offers made by debenture holders. This resulted in the reduction of the principal amount of the debentures from $9,000,000 to $7,110,600 'except at the maturity of the debentures when all Interest becomes payable. Since such excess was Sept. from year costs having been maintained at a normal figure in price of sugar prevailing during the manufacturing production the to the for quota sugars, which has permitted the company to dispose of its sugar prior to the end of its fiscal year. The manufacture period, but are principally due to the unexpected improvement in and price for world quota sugars and increase demand demand S. of all for the fiscal 1941, calculated in accordance with the provisions of agreement, amounted to $370,952. These earnings result 30, debenture relation of through a interest accumulated of $542,585 company of $477,048. net earnings of the company consolidated The U. of invert added also has molasses to the com¬ amount substantial a pany's net earnings. The result is that the company, under the terms of the debenture agreement, has sufficient earnings to pay 5% on the debentures on Jan. 1, 1942. The Cuban Moratorium, however, raises question a payment of such interest. the to as '';v The Cuban Moratorium A transitory provision of (adopted in Constitution Cuban the new 1940) provides for a moratorium which, in the opinion of the company's Cuban counsel, is applicable to the debentures and notes. Counsel has stated that such moratorium has been held valid and iJune, company's business by the Supreme Court in Cuba where the effective conducted and its assets are located, and that this is not affected the l'act-that such securities were issued and are payable in the is by United States. of company the payments Counsel should with respect has that advised also directors approval, make any the debentures and board of the without stockholder to principal or interest on not, of "payments notes except in accordance with the schedule .for in such constitutional moratorium. v provided T;! , moratorium and its effect on pay¬ ments due on the company's indebtedness are described in the opinion of Dr. Joaquin P. Pardo, Cuban counsel of the company. In the opinion of such counsel such moratorium: l (1) extends the maturity of the debentures and notes until June 30, 1970, with provision for small annual amortization thereof, based on the price of sugar, beginning with the year following their stated The implications legal of this , ■ maturity (2) which is all cancels 1951; v... interest accumulated prior with amount of the such interest price of sugar; (4) makes priority, to . ? and notes, irrespective of their original payments of principal and interest, prior . debentures the of equal rank as to 1970; (5) require not and notes to during the 1941 crop was not sufficiently high to require Reason For Plan , , such payment. such Company's inability during the 10 years since organization to retire of its indebtedness through sinking fund operations, the large accumulations of interest on the debentures and notes during such period and the heavy conitnuing annual interest charges on such securities, in conjunction with the questions raised by the Cuban moratorium, indicate strongly the necessity of a readjustment of the company's funded debt so as to reduce interest charges and apply to the amortization of principal any surplus earnings made available through such reduction. The use of the company's large cash balance not required for working capital to reduce the company's funded debt any tric suant J. to and Utility Willard L. $200,000 July the JU Digest of Plan will receive (1) and for account on Holders of securities the now held by them $100); $332,322 6% demand $102,600 first H. to of one-third amount of Reserve Ware, Jr., which (6%) note will sell Inc., to John H. the class of amount principal the deposited issuable in respect certificates A ($1,333,310) of notes to principal amount of pation certificates class B for the balance of the the deposited notes. except that stockholders will waive provided for in the Cuban Constitution. When the plan becomes effective depositing debenture holders will be paid $20 upon each $100 principal amount of debentures deposited, of which $15 will represent a payment of principal and $5 the amount of interest payable on the debentures on Jan. 1, 1942, under the terms of the debenture agreement. Depositing debenture holders will also receive class A certificates for the remaining unpaid principal amount stock: Common No change, the moratorium (85%) of their debentures. The deposited securities will be held by the depositary for the holders of the class A and the class B certificates. the benefit While for the protection of on are the participating security holders the accumulated interest the deposited securities will not be waived while any certificates outstanding, payments thereon will, after payment of interest on be certificates, tificates, class securities The applied to reduction upon fill retirement of balance of the company's and, the B) will be securities holding Jersey ments. ' applicants and declarants represent that the proposed trans¬ are part of a general program of the trustees to simplify their holding company system, and further represent that such general program is consistent with the tentative conclusions of the Commis¬ sion expressed in its notice of and order for hearing, dated Sept. 4, 1941, and is in furtherance of the reorganization of Associated hearing on such matters*will be held on Jan. 5, of the SEC, Washington, D. C.—V. 154, p. 1590. were will be certificates dated Jan. 1, to compared , 19,379,134 14,338,503 credits class the payable B after certificates, all Net rwy. oper. inc.•Includes Fed. inc. 802,000 to the extent that per the class on interest currently received A and by B on the deposited securities shall suffice therefor. The certificates will receive cumulative interest at the rate of 3% payable also only out of amounts received in respect of deposited securities and only after all accumulated annum inerest interest class B interest Both the on class certificates will the certificates, which the on the be class are A certificates. will in Interest on the class A not be which the in each year must maintain under such agreements being required to make interest or sinking fund payments debentures and notes is reduced from $1,000,000 to $750,000. company Participation in before on the have been deposited a W. C. 2,625,000 New Co., Richmond, Va. Murchison and T. L. Wynne, members this company, thereunder ' died on Dec. 7.—V. 1941—Month—1940 of a 154, p. and 1,773,355 19.227,506 3,391,655 47,352,131 from Misc. cr. 4.754,008 5,344,936 67,608,056 56,661,106 114,312 and when, by an 434,999 1,653 2,849 15,001 4,653,317 62,441,673 - This Commission recently completed depreciation of utility and outlined in a memorandum by Chairman Milo R. by the Commission, involves a number of impor¬ set Oct. the company. the original cost of the company's utility plant 31, 1941, at $92,095,754 as against a figure of the property is carried on the company's books, , difference from share a figure according to the Commission. Acceptance of the Commission's recommendations will terminate a dispute on the company's accounts which has been in progress for several years. the „ • . Union Gas Co. accepts the Commission's recom¬ Maltbie stated, "its accounts will be on a basis whether the viewpoint be rate-making or the issuance of Brooklyn Chairman mendations," sound To Reduce Stated Value of Shares— A special meeting- of stockholders is to be held Feb. 11 for the of voting on proposals to make certain adjustments in the the company and reduce the stated value of the common stock to enable such adjustments.—V. 154, p. 1374. purpose accounts of 161,515 13,960,696 2,408,874 1,686,988 2,883,373 3,321,470 44,385,115 27,801,780 493,697 1,647,587 5,806,926 6,937,479 4,969,057 50,192,041 stock 265,133 142,050 1,699,181 1,412,252 2,619,700 28,891,672 28,832,002 468,095 2,207,307 19,601,188 Falls, N. Y., plants will work the increased pressure 154, p. 1490. schedule New Year's Day "to meet asserted, but added that majority control is held States. The company produces 'hydrogen peroxide, persulphate and potassium persulphate.—V. 123, p. 847. United (H. M.) Byllesby & Co.—To Change Par Value— a reduction in capital stock to $648,586 from $2,304,906, be done by reducing the preferred stock to $557,460 from and changing its value from no par to $10 par value a share, by reducing the class A common stock to $48,457 from $484,574, to authorize This is to $1,393,650 ing class the B common stock their values from no par 150, p. 3814. to from $42,668 10 cents to par $426,682 value a and chang¬ share in each instance.—V. California Electric Power Co.^-Seeks To Issue 000 Note— $1,350,- i , i'. Company Dec. 20 asked the Federal Power Commission for authority to issue a note for $1,350,000 to the Bank of America National Trust & Savings Association to refund certain outstanding short-term notes of the company held by Denver banks. The note is to be dated Jan. 1, 1942, bear interest of 3% and be ' repaid the.„amount in of $90,000 first of each consecutive month The p. 24-Hour Schedule the company announced on Dec. 23.—V. Treasurer, Buerk Mr. the German and if})A special meeting ofMhe stockholders has been called for Dec. 30 4,495,005 company's Buffalo and Niagara of ammonium 34,739,259 2,643,842 __ Under Super¬ 2,488,147 3,377,070 inc. — Department has assumed supervision of this company interests in the business, Charles A. Buerk, stated on Dec. 19. German and Swiss interests own more than 25% of the outstanding 1,643,592 income Co., Inc. The Treasury '42,606,215 10,672,696 170,794 999,538 1,721,523 Electro-Chemical vision of the U. S. Treasury— 5,546,001 12,043 144,302 from full 24-hour Service original cost dividends, and Bell Aircraft Co.—Plants To Go On for output," Public actual finding also calls for an upward revision of the company's accrual for gas plant to $22,143,760 from the present of $15,736,164. To accomplish that, the memorandum states, the company will need to transfer from earned surplus $5,275,368 together with the balance resulting from the reduction in the stated value of the capital stock after the adjustment between book cost and original cost. j After these various adjustments are made, the company will have left capital surplus of $682,217, which.it will no tbe able to use for the a the The 1,438,816 1,739,077 5,241,713 382,629 charges income State made. 4,541,938 6,969,471 net income— deduct, Fixed being is according to the memorandum, is to write out of its by reducing the stated value of its capital stock $50. The present stated value of the stock Is $37,268,200 and will be reduced to $29,814,560 after the adjustment is railway rent, ry. oper. income Total share will amount to $7,453,640. $5,275,368. The adjustments leaving a balance of capital was sources, company, $40 36,686,765 400,949 16,110,674 208,349,163 5,131,827 invest., Railway tax accrualsEquipment rents, net— Other 1941, two difference of $6,357,547. to 1941—11 Mos.—1940 454,005 505,089 . operations Net 1941, of after completion. for depreciation consistent with the reserve Commission is approximately $200,000 less than of of as President 174,308 — operations— facility 31, Original Cost Put At $92,095,754 By Commis¬ on Company's Books at $98,453,302— > Commission service The 1100,; 4,882,940 : Transportation Joint Oct. immediate amortiza¬ the findings, assets this 163,674,452 16,205,654 20,046,979 1,930,992 Maint. of way & struct. of equipment- rev. at as provision by York Buffalo Winterrowd, Vice-President in charge of operations Maint. Net in depreciation securities." revenues for 31, these $98,453,302 in which a Completes Debt Retirement Corp. Traffic" Transp. the directors may declare. the accounts of the company as for reserve Oct. at determination in General and company gas $682,217 New The announces Period End. Nov. 30— Miscell. the 9 because Ry. oper. between plant used in the public service by the company. 20,585,"959 10,495,000 —V. 154, p. 1697. the Plan of annual The Baltimore & Ohio RR.—Earnings- Net plan, the plan will become effective by the com¬ pany's filing notice thereof with the depositary when 95% in principal amount of the outstanding debentures and all the outstanding notes, or such lesser amounts thereof as the company in its discretion shall sufficient, of existing sion Carried Baldwin Locomotive Works—Obituary— director Dec. uncertainty created in October, 1940, dividends. Company earnings subse¬ of adjustments in from parties. that arrangements have been made to anticipate as of Dec. 22 the remaining balance of the mortgage loan made in 1939 to finance the purchase of its Lowell (Mass.) plant. Satisfaction of this mortgage, two years before maturity date, lifts the restrictions on the payment of dividends on the common stock and completes a program of debt retirement.—V. 154, p. 259. As provided in the deem Insurance Rayon H. the '..Xliei-. i necesdarir/:;" "proxy'."'vihhaierlal:''for stockholders' action prepared and is expected to be released about Jan. 12. 16,238,919 / 761,640 Willspoint, Tex., has been elected President and a Ralph R. Lounsbury of Montclair, N. J. This of approximately 90% of this company's corporation William of stockholders annually by the elimination of the provision for amortization of gas plant acquisition adjustments. The discontinuance of the rate case and an accounting case, con¬ templated in the settlement of the difference existing between com¬ pany and Commission, will relieve earnings of future costs of both Program— an will transfer all funds received by it not applicable to the payment of interest in such year. If and when the plan becomes effective the debenture and note agreements are to be amended so that (1) in determining the con¬ solidated net earnings of the company for all purposes of such agree¬ ments the amount to be deducted on account of depreciation is not to exceed $100,000, and (2) the amount of consolidated net current assets depositary made "If Atlantic memorandum its is currently being provided by the company. Upon approval by its stockholders, the company will reduce the annual charge against earnings to conform with the depreciation rates recommended by the Commission. Earnings will also benefit to the extent of about $60,000 - The differences resolve suspension account surplus be The in Dallas, Tex., from the Beneficial Loan Society. The stockholders will have the option of selling their holdings same partnership at the same price, which, it was stated, will less than $175 per share.—V. 152, p. 1582. the in the sale of disused land. surplus and payable only in multiples of */*% and no amount of less than V2%. A certificates and, after their retirement, the class B to be entitled to the benefits of a sinking fund to on the recommended minority to the and increase will partnership be payable of by to The reduction in capital of $10 per The succeeding stock contained as recommending are including such dividends Earned in election followed the purchase capital Commission the to an of loss be issued when depositary Class Wynne director, the board of directors Dec. 22, it was meeting of stockholders will be held on certain recommendations of the New York tant adjustments in the capital accounts of President—Company's Stock Changes Hands— J. : depreciation Life Atlantic — ___________978,110 $2,202,050 for Federal taxes.— of provision upon contemplated book B. 21,487 $26,873 Maltbie and approved 36,323,095 2,834,966 380,000 2,877,586 tax $529,474 • plant acquisition adjustments less the existing reserve, $5,339,194 and an additional provision of $300,000 for possible connections 25,646,740 ; : 19,297 57,670 and remove led tion 1941—11 Mos.—1940 1,578,912 111,313 ♦$24,878 $6,407,596, bringing the reserve to $22,143,760; the 22,056 —V. 154, p. 1697. 1942. interest accumulated will The 15,299,466 203,585,571 154,158,715 10,943,258 141,635,033 118,095,477 2,274,358 i— 18,689 $32,655 meeting of a special Commission include $ i* revs. oper. $726,476 678,116 674,054 quent to the reduction of capital will be available for normal corporate Earnings for November: and Year to Date Railway oper, exps..— '■Railway tax accruals- 61,576 V. V 1,622 ■ purposes, ' 1941—Month—1940 $1,222,217 856 to vote directors them 6,436 same week 1940. Total cars moved, 32,021, 24,157 same week 1940. Santa Fe handled total of with • . . annum a that Service which compared with 32,034 cars preceding week this year. •A3 60,966 •____ _____ 1942, 1941. the Ry.—System Loadings— System carloadings week ending Dec. 20, 1941, with 17,721 same week 1940. Received from .V 261,993 $38,320 the "law of the land" requires consideration of other elements than original cost for rate-making purposes. Approval by the stockholders of the proposal to be submitted to at the offices Fe ;^;-12,942,; $94,477 debt 405,972 $596,825 129,651 1591. Plant's Atchison Topeka & Santa Fe 24,001 640,168 $960,224 adoption of the Commission's proposal to reduce the amount of capital by $10 per share for the purpose, in part, of effecting certain adjustments in the accounts of the company. The property of the company will remain unchanged by the proposed adjustments and its fair value is in excess of the amount stated on the books, in the opinion of the directors. The Commission, in its memorandum, acknowledges that pursuant to Chapter X of the Bankruptcy Act. A 11, The actions a condoned. participation effective li. Jr., subject to certain adjust¬ 154, p. Public upon is approximately $3,805,197, 28,222 $25,378 :: Corporations, Inc.—-Earnings- Following company Corp. 56,107 $70,476 ________ income announced Company Act of 1935. Electric $1,002,797 profit Feb. payable from the provisions of the Public Utility Holding The present filing requests such an exemption the proposed transfer of the electric companies. .-ttfXvv consideration to be paid by John H. Ware, Jr., and PennWater Co. for the common stock of Northeastern Water and $1,600,392 " Brooklyn Union Gas Co.—To Comply With Commis¬ contract effective $53,600 $4,427,447 sion's Recommendations By Adjusting Accounts- place the common stock will be directly owned by the trustees. is subject to a-condition, among others, that North¬ eastern Water & Electric Corp. shall have been exempted as a of the principal of the cer¬ the certificates (class A and indebtedness on the deposited the plan Both principal and interest will be payable out of amounts received by the. depositary upon the deposited securities. In addition to 3% cumulative interest payable out of amounts received by the depositary in respect of interest on the deposited securities, the holders of class A certificates will be entitled to additional non-cumulative interest up to lVa% per becomes V. subsidiary of the trustees. Northeastern Water about to be dissolved and when such dissolution is Inc. 3,424,650 $126,583 "After. charges, takes This 3,533,541 $11,095,294 "Net wholly-owned a 272,453 Sales . (Del.)., under the terms of Ware, 337,071 Earnings for the 9 Months Ended Sept. 30, 1941; & and Penn-Jersey Water Co. trustees the 1941—11 Mos.—1940 depr.) funded on Breeze note, refunding gold mortgage & Power Co.—Earnings$5,133,933 __ income trustees promissory RR. ♦Deficit.—V. 154, p. 1260 and Penn Jersey Water Co., 155,747 shares of the common stock of Northeastern Water and Electric Corp. now owned by. Northeastern Water Companies, of $85, notes. [The approximately 90% of the amount of the cash payment which will be made to depositing debenture holders, as above set forth, if all debentures are deposited under the plan.]; (b) securities partici¬ equal Gross pur¬ certificates class A equal, to the nerest multiple of t $326,053 accruals Net Light Co. 1,000 shares of common stock (no par); $175,000 7% demand promissory note, dated Aug. 15, 1934; $25,000 6 % demand promissory note, dated July 6, 1936. ■ The purchase price to be paid by the trustees for the securities is $1,500,000, subject to certain adjustments with respect to earnings and changes in debt subsequent to Feb. 28, 1941. The trustees of .Associated have entered into a contract with John Western $20 in cash; participation , t oper.__ from rev. Interest demand. on will receive for each accumulated interest thereon—(a) $85 principal amount of securities participation certificates class A. (2) Holder of 20-year 6% income notes will receive (a) securities <b) (3) j ^ $463,654 Other deductions note, dated Oct. 1, 1936; $159,569 7% demand promissory note, dated Oct. 1, 1936; $7,258 6% demand promissory note, dated Aug. 6, 1937; $10,000 6% demand promissory note, dated Aug. 6, 1937. Ohio Northern Public Service Co. 1,930 shares of common stock (par Other 1, 1942, the following: income debentures 20-year 6% of $100 of debentures and is f „ 1941—Month—1940 Other income ■:! 6Va% sinking fund bonds, Series A, matured 7% demand promissory note, dated Aug. 15, mortgage 1936; $6,000 Railway the company security holders of and accumulated interest thereon to Jan. SEC 30— revenues Company Act of 1935 by Denis of Associated Gas & Elec¬ Holding Thorp, Period End, Nov, 30— participating the transactions ' plan I the with filed Nov. Operating income dated March 9, 1936; $11,000 6% demand promissory note, dated May 12, 1936; $11,000 5% demand promissory note, dated Aug. 11, 1936; 151,272 7% demand promissory note, dated Oct. 1, 1936; $14,804 7%' demand promissory the burden of its funded debt. the Tax and Northeastern first 1, 1934; compared Under been have oper. Net Sell Ohio Elec¬ Water & Electric Corp. (subsidiary). A proposed are summarized as follows: The trustees of Associated propose to acquire, and Northeastern proposes to sell, the stocks, bonds and notes of the following electric utility companies (all incorporated under the laws of, and operating in, the State of Ohio) such securities constituting all of the out¬ standing securities of the electric companiesi■ General Utilities Co.: 900 shares of common gtock (par $100; Corp., statement of 9,965 the i; declarations Public the Driscoll tric and Aroostook & Ended maintenance & Utility Securities and Northeastern Water Stock— Applications Santa accomplish such ends. It provides for the company's surplus cash to participating debenture holders in reduction of the principal of their debentures. The plan also makes possible for the participating security holders the receipt of a fair interest and prompter return of principal upon their securities and for the company an ultimate relief from part of of Gas & Electric Corp.—To Associated prompt - f' Operating expenses (incl. meeting will be adjourned. This would of course delay a waiver of the moratorium and payment of principal or interest; upon the debentures.—V. 154, p. 1628. A is also obviously desirable. The plan is designed to distribution Gross stockholders' The . Bangor Period meeting of stockholders of the company has been called |or Dec. 31, 1941, to take the necessary stockholder action with respect to the waiver of the moratorium required by the plan. It is important that the maximum possible deposits of debentures be made prior to the date of such stockholders' meeting. Unless and until sufficient deben¬ tures are deposited to make the plan effective it is probable that The interest on the company's deben¬ 1942, because the price of sugar payment of June 30, prior vote, may A :• does tures holders Debenture Companies, 1940; cumulative per annum payable each year dependent on the to June 4, reduces interest on the indebtedness to 1% (3) , the Cuban moratorium is waived as :v ' ,.V- ' -I ■•••' ' participate in the plan by depositing their debentures with all coupons maturing on and after Jan. 1, 1942, attached with The National City Bank, at its New York or Havana office, accompanied by a letter of transmittal duly executed by such debenture holder. '' ■" ".' -j appropriate stockholders' provided. above payment by the ended the ; cancellation the and total 1 j' ! Tuesday, December 30, 1941 1726 note 1412. will be secured by on July of ■ : 1, 1942, and $30,000 on thereafter until paid in full, pledge . Treasury ....:;.?.;V bonds.—V. 154, . Canadian National Ry.—Earningsweek Ended Dec. Gross revenues —V. 154, p. 1697. \ 21— _ 1941 $6,591,362 1940 $5,584,110 ■ ' i Ry. Buys Air Lines Completing — * m Trans-Dommion Service— Control of 1 ' ' Pacific Canadian COMMERCIAL & FINANCIAL CHRONICLE Number 4026 Volume 154 ■ ,1 ... :u.i Ltd., Airways pioneer income stock for the ,.. t'i Pas, Por mo Such interest Asset*; The annual for report fiscal the ended year 31, Oct. 1941, headquarters m Montreal, andtime. Arrowv.Airways,released were acquired at the same Total T tri thatftwr — ' • J? .4. Airways, ? u ..■• inJ?uSt of Lvestock Purchased for the year of $46 128,994 or 36.8%. w ??ip 8 °y CanadianThe • lit Edmonton by Mackenzie Air Service, Ltd.; at Moose Jaw by Prairie Airways, and at Wmpipegi by Wings Limited. Another plant is urider construction at Cap de la Madeleine,., fori! Quebec iUrways.-V. 154, 1697, p. 18,057,500 4,313,000 965,928 4,187,500 74,373 74,321 ' 2,000,000 2,000,000 550'500 14,024,670 6,550 500 •_ 6 Common stock ($30 par)„%L_-„--_i-^^ ; 14,024.670 ; Capital surplus Earned surplus Total — Sfor 3 494,002 3,817 662 - ___ ____ ——_4,612:869 —— .-.1^ "" , . . _ ; 7% preferred stock-^_^_,— salaries Packing-house labor rate increases aggregating and other advances in rates of pay occasioned by pa.d. approx.mately 17 % 1'0°°'T 6% preferred stock— volume of livestock processed during the year was a mcrease in Wages ^0 Minority interest in subsidiary company major contributing factor toward the increase of $3,144,406 in and 2,582,034 17,7071500 1st mtge. stock fund bonds due Sept. 1, '55__— Conv. sinking fund 4% debs.; due Sept. 1, 1950 review accounted for an additional $38,325,402, making a total increase , • Canadfe i I. ' i -1 pff S?e h?oS 10o °perA. Empire Air Training AhJEJ5 J . ..1 $282,500 3,967,116 1,393,811 • - r /w,u • ■ $6,207,500 __ ^acquired a •' 478,782 135,256 178,927 145,973 : — $64,974,001 $55,460,678 L Accounts payable and accrued expenses.. Reserve for Federal income and other taxes aviation companies have been contributing;;/Sf21L The followin« are the ™*n lact0rs l° Mfln ■inUt.h?Snn^?i.1tin6!?' U ' niThe 'volume of livestock processed during the year exceeded all nil Thl S wnJarH imnWi^ mill hp Irlri Tn hi s'.-previous records set by the company and, based on 1940 pr.ce levels, the Canadian Pacific Ld S to meet the ?eeds'; accounted for $7,803,592 of the increase in cost of livestock purcnased nf th ^ expanded as lequired to meet; tne nrads..;;...during the year. The advance in price levels during the year under 380,651 438,000 ______ ' Notes payable P»pifir : 330,402 __— Liabilities— An annnnnnn(nm(i»e ^ 595 962 24,567;i44 25,908:737 T m irt '29*664 Acts Stationery and advertising inventories„___-__ Deferred charges —_— — th n4 Air Compensation __ Unamort. debt discount and expense___r rprpile™!?hPcan'«Srf Un R6r ua ."(r Lrfoltln Sales and Revenues—Net sales and revenues for the year amounted IfP wi!!c winSS- ShJ AirSlwc tmK. $260,704,578 and represent an increase of 23% or $48,779,7o3 over RmiVh^rn Vnnnnmlr ri^', r..." those for the preceding year. Higher livestock pr.ces and the attendant Airwave" 1™«« didTILKi 'yh advance in meat pnces coupled w.th more aggress.ve sales pol.c.es, WifriM»n On^'* ? ''a ;rgreater inat.onal rate of employment, and increase wage scales embraces Mackenzie ^ir Seiw^e Ltd These ''ccmWned servTces mean f ' acc°unted for the major portion of this increase. o«n»tnv ™hhh«Sales and '.Other Expenses—Cost of sales and operating rrtntrrh miles annually will.be flown under Canadian.expenses increased from $208,320,034 in 1940 to $254,621,555 in 1941 r 16 109 078 '29,664 <-»«* * investments Prepaid insurance. Dec. 22.•• E. A. Cudahy, Jr., President, in his remarks to ;'.'-stockholders, states in part: " Man., 22 673 427 " receivable "Fixed assets was ft'iRn'iRi 526 862 notes ______ Other o ma lamwi 1V121'215 _ and Inventory Special deposits under State . it mi «3 108 360 < Accounts' ii ■ i consolidated Balance sheet Cash Cudahy Packing Co.—Annual Report— > Le ««£)? rwte i°fi<ur Pten Jan. 1, 1942. TarUim period Oct. 1, 1941, to tu* /is payable to stockholders of record as at Dec. 31, 1941. Stock transfer books will be closed from Jan. 1 to Jan. 6, 1942, incl. Checks will be mailed.—V. 154, p. 906. . . aviation company, and Quebec Airways Ltd., its subsidiary, with widespread services throughout Canada, and particularly in the north and northwest, has been" acquired by the Canadian Pacific Ry., it was announced Dec..;30 Canadian 1727 1 ■ 2:116,223 — , $55 460 678 $64 974 001 _ Oeprooiatlon of $19,236,244 in 1941 and $1M41,247 ' Carbon C.,- County Ry.—New President, Etc.— C. Vice-President.—V.'116,' ■' Mr 615.' p. Parsons as 8, e*'s?n Weeks Ended Received from connections™__ i Chicago • RR. Co. (Nickel St. Lou.s Plate Road)— Received from L Received from connections ' \ 20,391 L it,-1,.- - j-;i • Sv-.V- 6,251 37,409 from 69,270 — 154, p. 1697. ... , Week Ended— Dec. 20.'41 Cars revenue freight loaded__-_ Cars freight received Irom connections revenue 16,133 8.799 28,899 24,932 n « tio^ have of received heretofore the 1941 in. n number a ia St. of inquiries regarding members in Paul and U. Pacific Circuit S. order of the . . National Associa- of the the aside , w between made decision setting « n. Milwaukee, Chicago* -view it Deafers.^ncfTnifmin^e^6 of Securties We contracts 4, 'n t the RR. of of issued," Appeals Court • ■ * ■ • at Nov. 2, during the resulted in the the preceding . 31, 1940. . 1941, . . . , the American Meat with losses from $250,000 by means of a Bradford- B. by this that Locke, action taken recently by the directors partly for the partly for hte benefit Episcopal Church, of which the corporation is a wholly-owned subsidiary.;, Incorporated in 1922 with a paid-in capital and surplus of $155,000, all supplied by The Church Pens'on Fund, the corporation's surplus, part of which has additional of was protection been the of Pension Church The policyholders Fund of the • ■ and capitalized; of rates alL employees, 0f the year 1, Administration and not therwise exempt, time and the corporation companies, ance board The trustees directors of Church The of found advisable to include it a war and clause on all of its insurance policies after Dec. risk exclusion of the Pens'on corporation Fund. The is composed corporation 15, 1941. largely of is operated •- Fi is J. P. V V •*'* • V oneratine last Tune 154 V \ • d ... ... An application (File No. 70-466) has been filed with the SEC of debt Colon Development Co., Ltd. The dir-r^n h»ve 'able convertible stock, series directed preference "B," at the payment of interest stock and rate of 6% on per the 5% annum on the 6% redeem- in the case income of the 6% preferred stock stock outstanding Dividends " on Phoroi of common Earnings per share share, the same . , , Authorized— the • comnanv to 01191? 5 treasury 78 p 991 v. 154, p. 1191, v. 78, p. »ai. r.,,,, provide employees with E Christmas money the Erie checks to its employees a week additional pay ordered by President Roosevelt's fact-finding board, Woodruff, President, announced on Dec. 23.—V. 154, p. 1698. than j Q7k ($30 par) —: '915.670 in report 17,359 467 489 $6.57 $3.29 liabilities discussing states volume.—V. ' __L__ 240.000 467,489 4. j .< Etc.— <■» • * the was 2 to ( 1. x operations of the corporation's fbjeign^Slants, the French plant in occupied France recently reported that business was satisfactory. The Holland plant has severely curtailed production but is said to £e doing some war work and the planfcs in Australia and Canada are both reported to be enjoying good volume, while the plants in Argentina and Brazil have increased 504,794 $ * . current 19,999 — its "participation the minimum payment being $10, Ferro Enamel Corp.—Investment in Plant, 41,664 13.873^ Fmnlnveps The corporation has issued an illustrated customer s report describing its resources, organization and policies. As,of N?v'„.'t. 94 ' fleP°l IPIV^7 ^ company s investment n plant faci.ldies ,am°"1lt„ed„^ $1,258,000. Currenta^sets exceeded current liabilities by $1,320,000 and the ratio of eTTfF&Ht assets to iqi'ohr 10^.423) 10.319 To P.nrrn*; a bonus under ir.d other payments depending upon length ot service, ranging up «" ««>» 'ton wrtee,n S' "imTIv' iST'otT" ° to December. 1840 and m May, V. 154, p. 1376. 131,286 — Pnrn Fairchlld Aviation Corp.—.bonus 10 itmpioyees— The corporation has announced Eve employee will share 322,060 —— * -— Div Common war distributed $1,250,000 of back earlier 1704 inn 40.782 ;Dividendron\%~prefer7ed_stork— redeemable "fil Erie KK.—-JL/lStriDlltes JjaCK -ray to RR :■ Distributions and ^>i common uiv. authorized recentlv . _ 99,539 »79 . . commission ot uncapitalized capital expenditures, oo's^q 142.871 —: discount and expense Federal normal taxes ——r— Federal excess profits taxes of subsidiary State income taxes— Minority interest re- garding the proposed acquisition by the company of all of the assets its wholly-owned subsidiary, The Power & Light Building Co., and the dissolution of the subsidiary—V 154 p 1592 of Cn finorls Drv WaiKer liry uooas t/O. rStal exDtfnditSres-V 1,458,662 94,182 — •Adiustmpntsaunlippbie to prior vears Adjust, of invest, in foreign subsidiary Merge Sub. vvalkor ^ fnr 3 604 761 n^i00 r 177 on* Other interest .... ^ Co.—To 1,606,513 . Amortization defense bonds, stamps in U. S. and office force employees of Electrolux Corp., makers cleaners, was announced on Dec. 20. Payments were also and ot 201' 25-year.maximum.^ Nov 2,40 6 o«3 022 - nrofit Total income Interest on long-term debt ' Cleveland Electric Illuminating' , , . ^ vears 9110947Q6 _ 1629 ' . of year-end bonuses , factory militia 260, 04,57^211.9^4, J5 -— Operating pront Miscellaneous income _ h;,; / . Airioflnn Oct. 31,41 smn 7nd — . n Statement ™VAnnM Taxes has retired 48.567, shares of its ,6Va-% preferred, thus amount outstanding to 117,373 shares. The shares retired were purchased in the open market at prices less than the call price with funds from a loan of $5,000,000 obtained from a group of banks. The preferred shareholders had previously given consent to the obtaining of such a loan for this specific purpose. Purchases were initiated company* Douglas 11 of nurchase _^en Ohio utU:Ities Commission' "cently^ authorized the company to ®s"eal}d tpxilntm'm2turiUes of from 20 to 25 i^tfon SSSres comolnv to Set 11 sinkine flnd annually ^ ?5S L ,?/ U Simum The first $150 000 Tus^ be used P|eS SSTfeW »'Sm24 205'086'785 ProvM'on f^r de^re'ci^Mon of t^ed ™ssets-^.ii:: 1.883^24 1.774,587 reducing 1, • a . the Elyria (O.) Telephone Co.—Bonds Among these are our t :eai® f,°den„rQHn<r - , as R Inromp £et sales and operatingRevenues., ' v City Ice & Fuel Co.—Reduces Preferred— : . : ;.;V. ■: Morgan. consolidated anm-oved 19 Dec on and Nov. 25, last, and 50 cents on Jan. 15, 1941. Common dividends paid in 1941 totaled $1.50 per in 1940.—V. 152, p. 1280. ,, « ' o not otherthroughout Meat Institute. American . „ „• to vacuum Hiy « one-half for consolidated income btatement solely for the benefit of the Protestant Episcopal Church. The President of the corporation is Bishop Cameron J. Davis of Buffalo, and the Treasurer the provisions of the Sherman Act. hiXtra UlVluena an The directors on Dec. 24 declared a dividend of $1 per share on .the common stock, payable Jan. 15 to holders of record Jan. 3. This compares with 25 cents per share paid on March 1, June 2, Sept. 2 w'th"certain of its officers and employees, other meat packer's, company initial An ««-*• »«• made to former employees now in active service, it was stated. Bonuses awarded to these employees during 1941, based on length 0f service and wages, aggregated approximately $154,000, of which approximately $80,000 was paid in defense bonds.—V. 154, p. 957. in which that work was performed. under anti-trust $2.40 per stock caDital - . . Payment 0f the 1942, the new rates being on a 2%% reserve basis. Mr. Locke states that, in line with the action-taken by,other insurafter Jan. of the on r.!,ii8l^rl_ Pvt.. r declared have directors __ cash . and share Der •» ^ rf,. regard to t-he character of their work without overt'me S1 2o dividend extra an EiectrolUX Corp.—JBOIIUS to Employees— or the season Further, the company corporation, which conducts all of.: ,,wni pay its packing-house workers whose work comes within the Its business by ma'l, are very low. Moreover premium refunds to maximum hours' provision of the law not only the overtime rate but policyholders have been paid each year since 1924. According to the an additional amount equal to that rate for work performed prior to latest reports, the corporation has $27,200,000 of insurance in force. the ruling referred to above. Similar-payments will be made to the iJ Although the insurance rates of the corporation have not yet been ■ employees who handle, slaughter, and dress livestock. The resultant changed and still are calculated on a 3%% reserve basis, Mr. Locke l-'abUity for overtime wages has been accrued and is reflected in the stated that the question of increasing the rates or d'scontinuing the 'accompanying statements ,and will be paid when the individual premium refunds will probably come up for consideration in.the early: amounts involved are determined. part of next year. He stated, however, that the directors have already During the year under review important corporations} of several taken action increas;ng the premium rates for all annuities issued on industries have been indicted by U. S. Department of Justice action The families diate of divldend v year. pay r declared 18 10 aD0Ul »ou,uuo.—v, .io4, p. wo*. « "tolerance to Dec. Eastern Airlines, Inc.—To Buy Planes— In order to deal equitably with all employees the company has decided not to avail itself of the "tolerance weeks" provision but is; almost $1,000,000. >The facilities of the corporat;on are extended only to the clergy and the active lay workers of the Protestant Episcopal Church and the members Qf,,their- imme-1 now ul directors Th* Institute a test su't to determine the interpretation slaughtering and dressing livestock. :.;: All other employees Wise exempt were to be pa'd time and one-half for overtime the to Nov ^be d rectois (jn Dea 19 appioved the purchase of n Doug a ?nCm30VL^ ■ "0 the personnel amount fppif0nVeodh„Lf f S| iff n?o personnel amount covering 14 weeks per year commonly known to the industry weeks" applied only to workers engaged in handling, overtime as Protestant endina vear Duval Texas Sulphur Co.—50-Cent Dividend— portions of the Act as applying to the packing industry was filed and dee ded against the industry. The court's decision in this suit was that the exemption from stock dividend, according to an announcement Executive Vice-President. Mr, Locke stated the The directors have declared a dividend of 60 cents per share on the common stock, payable Dec. 31 to holders of record Dec. 20. This compares with 25 cents per share paid on March 31, June 30 and Sept. 30, last, and on May 31, Sept. 5 and Dec. 10, 1940.—V. 152, p. 1913. certain 0f according nistory, according to for $18 OOO 000 rolled company historv a similar extra was paid on this issue on May 1, Aug. 1 and Nov. last, as against one of 4o cents on Feb. 1, 1941.—V. 154, p. 957. . , . ' ■ ' l' ■ , levels during the year accounted investment at Oct. 31, 1941, as By agreement between the Wages and Hours Act .' r 188-vear extra dividend of 10 cents per share and the regular quarterly dividend of 35 cents per share on the common stock, both payable Feb. 1 to holders of record Jan. 27. products years;* The material increase in price the ma'n for the greater inventory corporation has increased its capital, with the approval of the Department of the State of New York, from $100,000 to than' more IJomeStlC P lliance UOrp. The , This its 19 Dec on both payable Dec. 29 to holders of record Dec. 18. T, . $3,108,360 were Receivables from in Insurance to on . par $40, compared w:th that of Nov. 2, 1940. The order orthe Circuit Court did not. disapprove the icorzanization Notes payable to banks and other increased from $282,500 to $6,207,fclan as such, but returned the case to the District Court with direc500 and other current liabilities from $4,547,962 to $5,791,427. tion to the District Court to return it to the Intersate Commerce Litigation-During the year under review litigation with the Bureau Commission for the making of further findings. of internal Revenue with respect to Federal unjust enrichment, income As this action does not necessarily mean abandonment of the plan. and processing taxes for the years 1934 to 1936, inclusive, was success*of reorganization previously /approved byvthe DistrictyCourt,J:;it does ^fully terminated resultinjg in a break-even settlement with no payments not, in the opinion of the Committee, invalidate existing contracts by either party. between members in the new securities of the Chicago, Milwaukee, -As a result of the adjustment of this matter, the employees' pens4on St. Paul & Pacific RR. "when Issued" under the plan.—V. 154, trust reserve, which had been created out of the surplus arlsmg from p. 1698, . . . • , reversal of processing tax accruals at the time of the invalidation of the Agricultlral Adjustmpnt Act by the U. S. Supreme Court, was Church Life Insurance Corp.—Increases Capital—Pays returned to capital surplus after deducting a payment of $150,000 150% Stock Dividend during the year to the Cudahy Employees' Pension Fund. ' •• in volume this requirements, # directors , , paint .aI™^ V 154 S l63o' 30' an mciease over 1941 of 27-1/e' Ml' Phlllips sald-~v- 154> p- 163°- < . sales Pliillins S E Defense amounted . _ by bi^KCst the pP T^nt ingredients and supplies increased during $22 673 427 at Oct. 31, 1941, or $6,564,349. The method of determining the'prices at wlr'ch the inventories were valued at Oct 31 1941 was in conformity with that used in preceding of Inventories plan of reorganization previously approved by the Interstate Commerce commission. , Devoe & Raynolds Co.—Record Sales— ^ Augmented the year from $16 109 077 to Dec. on approving end of considered ^mple^ for all eventualities in connection of "when Court District status securities the new . inclusive.—V. 154, p. 1698. heightened price levels and,, in substantial amount, items due from the U. S. Government for . sales to its various agencies. The; reserve for doubtful accounts increased from $190,321 to $268,304 and is Issued" Securities— .. . compared w.th customers and others year from $8,570,704 to $13,389,520. These from the greater volume of business generally, advanced ^ Chicago Milwaukee St. Paul & Pacific RR. —<>.'When the at - Oct. at balances Cash $3,296,191 -p. A total of $1,000,000 of trustees certificates of indebtedness, series H, dated Feb. 1, 1941, have been called for redemption as of Feb. 1, 1942, at par and int. Payment will be made at The First National Bank of Denver, at Denver, Colo. The certificates called are numbers 1 to 25, af^stt01cufr!Ei liab:1;tQi®s „ther accounts payable. 1697. p. , ~ a increases 154, AT Vr'«««$«*» « involved substantial increase in bank loans and p> * u> which receivables . — $22,955,189 with T*e.rati0 °_f {:uQr/.en.t Dec. 21.'40 38,110 10.789 — ^ Discount Corp. of New York—Extra Dividend Paid— compared $26,904,074 year. p. Vultee Aircraft, 1941, amounted to -Working capital at Oct. 31, Capita1 •: , Inc., below.—V. 154, p. 1376. ■ ■ ;,-v -v. Denver & Rio Grande Western RR Certificate Called during the year. . . Chicago Burlington & Quincy RR.—Carloadings— Total ,. • indentures covering the company's bond issues and the preferred-stockdividend arrearage have prevented the payment of common dividends on , Consolidated Alrcralt Corp.—JNew Control, LtC.— see share, per $17.50 '68,874 59,356 / , $14 38,168 27,028 : Total and . p' The restrictions contained in the preferred stock. the 7% $12 01 30,706 32,328 31,861 connections— $1,155,670, _. , vlous payment was a quarterly of 50 cents on Get. 1. W31.-V. 154, $2,116,223 aggregating ^ The directors have declared a dividend of 40 cents per share on the stock, payable Jan. 31 to holders of record Jan. 15. This comPares wlth 25 cents per share paid on Jan. 31, 1941. The pre- dollar of sales of stocks . common place before 5r.aT.bTi'.S if SS M o with compared each on preferred ■ v. CAdve?£ rnntfniipd nnr to 12,234 12,539 respectively. Preferred dividends in arrears at Oct. 31, 1941, were -vt-reduced to $1,446,338, representing $15 on the 6% preferred stock and ^ ;Originated V Received . nf 12,414 Total for the three railroads— -v. rn^ campaign ^ 5,9266,288,;^ directors have during the year-declared dividends on the 6 and 7% ■ .v-; Hip 6,658 Total ■; InnlnriPH earnings for the year were $3,652,for 1940. ' This represents a net proL't only 1.4 cents in 1941 and 1 cent in 1940. --This improvement reflects, primarily, the effect of higher price levels. In view of the continued improvement in earnings of the company 316 .- puM vp«r Amer^^an^^Mearinstitute the^ , Conde Na$t Publications, Inc.—40-Cent Dividend— Net Earnings and Dividends—Net 14,061 6,308 ln I94°—v- 194> p- 653- to in the near future. larger even : 17,040 .. 1940 the payments in 6,330 11,882 : 21,151 • ' 5,756 Originated ' 5,158 14,633 connections—, — Marquette Railway Co.—. " - v i 1 • Pere ,30,082 6,518 Total r , ' Originated - -. , & in $17,514,255 The ever-neavier Cars ; i —__»•—.35,705 York, n 20,862 9,220 , Total \ New .... from l^urden oi Federal, State and local taxes is reflected made by the company during the year as compared 25,587 • >w.th prev.ous years. Total tax.s of all kinds amounted to $2,772,323 10,357.':..in 1941 compared w'th $1.9*.3.455 in 1940 and $638,037 in 1932. The ——above figures do not include t.ie very considerable costs involved in 35,944 the keepmg of necessary records and preparation of the hundreds of ■> returns. The nat onal emergency has, of course, necessarily played an important part in this large increase and, no doubt, will loom Cars 25,135 10,570 Originated L"Sr™ , 21,'40 Dec. 13,'41 Cars L no o Dec. 20,'41 Dec. . Increased expenses $18,991,653 in 1941 or $1,477,398. The majority of the items included in th.s classification increased in approximate proportion to the greater sue- Chesapeake & Ohio Ry. Co.—Cars Loaded— / Chesapeake & Ohio Railway Co.— v operating other , V,'eeneriV^L^iShJut^h^ ' r ' ' President, Parsons, Vice-President, has been elected ceeding A. C. Ellis Jr and W M McCrea succeeds 154, Flatbush * p. 654. Chester Corp, Brooklyn, N. Y.—Loan— ruiDUMi Liiesiti cuiy., oiuuaiyn, 1. x. ^uan Metropolitan Life Insurance Co. has made to this corporation a loan of $225,000 secured by a first mortgage on the six-story 64- 1728 THE COMMERCIAL & FINANCIAL CHRONICLE family brick elevator apartment house located at 50 Lincoln Road, Brooklyn. Lawyers Title Corp. of New York issued the title insurance., policy. /■ shares, share paid year-end This dividend $1 April 1, on Gamewell 6 Months Ended Nov. 30— 1941 per 11 of The total Chancery Dec. on on a stockholder's petition directors for this corporation. of The continuance poration and was granted Dorothy Gross Treasury vision Department the over materials alleged affairs chemical John the Gross March of I. for the of 12 cor¬ Judge Int. income and in extend whole Mack, in American its in or operations with controlled part prepared a said, he purposes, representative added the to obtained statement to General the full emphasized were of President to respect by foreign the to the been Aniline approval William in the lack of a adjourned board. of Judge Mack's directors.—V. 154, its 1941.—V. company stock cents Jan. 154, p. for •115,780 112,114 $178,933 $1,945,540 $2,108,457 154,901 1,645,933 1,702,743 that C. $24,033 $299,558 oper. 117,147 1,304,096 oper. $93,064 regular of monthly railroad $1,004,538 accrual for taxes Net Railway Equip, prior assessed policies also Corp.—Meeting Adjourned 128,892,269 103,941,152 20 paid dividend a $2.50 record the 92,205,518 79,020,000 to 24,921,152 p. 30 This compares and Sept. the on same 30, in as 1941, 849,043 12,591,297 120,960 1,059,898 2,084,209 23,035,556 14,166,601 77,035 70,568 750,633 807,270 6,920 8,939 38,911 152, 2,145,838 23,747,278 1,357,260 14,880,997 F. Schade, will retire month next director as of research. under the 559,840 Sept. 1, 1941. Great Lakes Utilities Securities 788,578 income taxes ♦8,866,281 and for t97,244 increased Co.—Reorganization Plan— in and and Holding Company Act aggregate 32,650 •subsidiaries lien bonds and and to proposes bonds of stock mon all owns stock common subsidiaries to thereafter of holders its seven of its 1 amount an application (File No. 70-464) regarding the issuance of 60 serial of $404,448 to The J. G. Brill Co. International and Co., town Gas Co. In addition it holds securities of and claims acquired against Gas Under the the authorized common will proposed stock, its $316,500 latter company's securities Louis the six and principal Ohio, of the if Each holder receive\m be of change \one Corp. of six first plan Lakes them of 7 Rochelle, $10,000; Water$5,000. to sell the bonds of the Gas sold at par or better. All of the and Corp.'s among of of stock common be common issued subsidiaries. bonds will that Utiities be will each Interest be exchange for the of the President H. of each will the of the receive due required by securities a as stated all of Light 1131. May 1, Co., Inc.—Action on decree to of sur¬ (other Co. as Iowa iT- Vb.-•'•'y (yyV7 yy> Dividends Post¬ been Co.—20-Cent Dividend— paid dividend a value, made to of holders 50 cents of 154, p. to ' y,-.-.; the The bridge between Huntington and Chesapeake, Ohio, was recently by the company to the Cabell County (W. Va.) Bridge Com¬ for $2,000,000. The company proposes to use the proceeds follows: (1) stock Retirement outstanding. before (2) Jan. 1 of Distribution all to of the the $600,000 holders of of 12,000 preferred common have at the date of opening discretion, shall deter¬ political conditions, which may be con¬ or $15 share a price is accepted, from rata share a paid will the be will be the shares tenders made purchased."—V. at 154, Inc.—25jCent Dividend— dividend a of declared and 31, the record £5 of Dec. Jan. of 20 of to record 1941, 10 dividend a dividend a class and B a five cents 24. Jan. were of 2. share per like A amount total of $1 a 152, p. 31 in 1923. cents on was 1941, - 37 class cents the on trust the on class certificates books on share per share per voting Transfer of paid, the on of cents holders dividend stock cents have of declared record Dec. on will be not class A and compared with 63 cents stock on Jan. 15, 1940.— as B on Jan. Co.—Accumulated Div.— dividend of $1.50 per share on first preferred stock, payable Feb. A like amount was paid on a the $6 15. Aug. 1 10 share Dec. on 19. A total for r. ;/;...; Ended has been elected Kell.—V. 154, Nov. 30— p. Chairman of the Board, to 1380. 1941—Month—1940 revenues $2,921,753 expenses $2,799,278 for 1,770,823 t23,544,934 19,689,433 tlncludes November, *345,832 238,821 3,768,706 363,455 after fxd. chgs. to 1941—11 Mos.—1940 $2,387,353 $31,637,755 $25,486,280 fixed — Associated of the 363,820 4,025,057 4,022,058 $256,351 $2,145,911 $709,288 estimate of inclusive, $124,999 $519,500 and taxes for wage thereon.—V. 1,876,147 • increase 154, p. Sep¬ 1380. Press news Texas $450,000 justice was Greenshields, Chief Justice of the Toronto Superior Court approved the scheme of arrangement between the company, and refunding mortgage 5% 30-year gold bonds and the holders of its general and refunding mortgage sinking fund gold bonds, which scheme of arrangement was agreed to by meetings Dec. 19 the holders of its first of in Kell Frank Montreal Tramways Co.—Plan Approved- Prop¬ 1149. installed Mae late despatch from Galveston, Texas, says: City Sugar Refinery to the Monsahto Chemical Co, approved on Dec. 23 by District Judge J. C. Canty. The $6,500,000 refinery has been idle and in receivership for nearly ten years. The Monsanto company plans to use the property for the manufacture of synthetic rubber.—V. 154, p. 1150. permission be the Monsanto Chemical Co.—Purchases Sugar Refinery— for a Willie ♦Deficit, V. its vy. ', Raritan River ; y ' . , ; ; the holders of the said bonds held Dec. 9 154. : T-' and Dec. 10 respectively.— 1494. D. : -New York, Chicago & St. Louis RR.—Cars Loaded— plant.-v-",' * See Chesapeake & Ohio Ry. above.—V. 154, p. 1701. . (F. E.) Myers & Bro. Co.—Earnings— Voted—Merger Years End. Oct. 31— Mfg. \.v 1941 1939 1938 $2,751,706 $2,208,947 $1,924,762 $1,802,430 994,612 937,213 857,672 813,354 $1,757,094 13,328 $1,271,734 $1,067,089 21,687 $989,076 $1,770,422 85,561 after 1940 $1,285,887 $1,088,776 102,356 $1,070,085 88,549 10,711 215,500 $186,028 $l51~983 $1,090,069 profit $971,128 $800,392 $822,308 800,000 800,000 700,000 700,000 $290,069 $171,128 $100,392 $122,308 $4.85 $4.00 de- dis¬ missal in Federal Court of a suit opposing a recent merger. Judge F. P. Schoonmaker in the Common Pleas Court at Pitts¬ burgh upheld the merger of the concern with two coal subsidiaries incl. material, labor and mfg. exp.___— Adm., sell, and gen. exp. / v ducting cost of sales, and its order Dec. on 19 acted recapitalization plan and dissolving in promptly on dividends after supplementary action signed an injunction against payment of a 60-cent dividend an a Operating Other the common stock. This dividend originally was payable on of Sept.' 3. The directors ordered on this Oct. 6 to dividend holders paid of are of merger nopin Coal Co., the into shares of common subsidiaries, the Vesta the parent corporation Coal Other Prov. Co. and effected" the on ipcome Depreciation stock. was income Total another dividend of 75 cents per share on the com¬ stock, payable on Dec. 30 to holders of record of Dec. 24. There outstanding 1,310,240 profit- charges for Fed. 12,178 ♦582,613 taxes- Net profit Common of Balance, surplus Earnings per share on 200,000 shrs. com, stk. series 5% preferred, B, and authorized by series A, and one-half share quarter share of new common stock. the stockholders on July 22.—V. 152, a of new The p. preferred, moves were 1493. ; Lawyers Title Corp. of 81,009 ) 95,795 Shan- July 26. company then launched a recapitalization plan whereby each share of 7% preferred stock would be exchanged for one-half share The new 14,153 record immediately and then declared The revealed 26 accumulations ICC Deficit issue , mon Bridge Sold—Com- considered. financial one pro of holders payable A available Sale per record on July 3, last, making paid in 1940.—V. 152, p. 2555. given to for directors be "Unless 1, last, as compared with $2 each quarter from Nov. 1, 1939, including May 1, 1941 (see also V. 154, p. 434).—V. 154, p. 1415. tember Jones & Laughlin Steel Corp.—Dividend Ordered Paid On Common Stock—Second Distribution The to Fixed charges by the New Jersey Public $230,391 of 3% promissory notes to Co. and $173,745 to Babcock & Wilcox Co. in partial Approved— will uncontrolled because of chosen Dec. on Jan. charges >: mission as Inc. a Ry.—V. equipment 154, p. 865. V. L. of company owns 74,805 of the the Union Potash Co.—V. 154, of The company will receive $1,200,000 before Jan. 1. Dec. 6 ' with announcement that the stockholders have formally adopted a resolution to dissolve and surrender company's charter to the State of West Virginia. sold payment to Dissolve— was 23 par was Commission Electric its tendered at be certificates of Period Jersey Central Power & Light Co.—Note Issue—y General date states: in fraction no directors Operating Operating , has 7 Missouri-Kansas-Texas Lines—Earnings— announced. Minerals & Chemical together with former holdings, shares, or 82.26% of Union Potash Southern Utilities Co. of Del.—Sells Rail Company Utilities stock stock on class succeed purchase, stock no same Southern that on tenders will stock On Miss & on See above. Coke corporations, it is the International of Dec. on stock, , Huntington & Ohio Bridge Co. Stockholders of Iowa 7 Green announced that the directors' meeting usually held in December has been postponed to Jan. 6, when results of busi¬ ness done and profits earned during the Christmas season will be known. Action on dividends usually declared in December and paid in January will be taken at the J^m^meeting. On Jan. 22, 1941, the company paTcf an extra dividend of 50 cents per share in addition to the regular quarterly dividend of 50 cents per share on the common stock, par $1. A similar extra was also paid on Jan. 18, 1940.—V. 154, p. 1414. pany company common $1, the 1942, stock its liabilities & Potash ex¬ bonds), and all remaining 153, p. Union common common court the 152, p. 4127. 1941 in cash. and of ; 1940.—V. erties— subsidiaries. of two stock preferred distribution sub- in stock . similar shares coupons, bonds Gas, Green of stock fractional paid in full holders Co. of for will then be dissolved.—V. (IL L.) poned— the . Seeks To Purchase — Mississippi River & Bonne Terre Ry.—Abandonment An The as books.— Corp.—Acquires Investors Telephone Co.—50-Cent Dividend— follows: as stock common of in its issued a certificate permitting abandonment by road and abandonment of operation thereof by the trustee of the Missouri-Illinois RR., lessee of the line of railroad extending southerly from Derby to the end of the line at Turpin, approximately 10.65 miles, in St. Francois County, Mo.—V. 128, p. 2988. stock, par $1, payable Jan. cents bonds (or cash if such the holders of the parent stock common Utilities Co. will pay in cash than the claims of holders of the first lien cash will be paid over to The Ohio company follow¬ A holders The company 464,985 In addition the parent of $1,000,000 auditing ;• the dividend of 20 cents per share on com¬ 15 to, holders of record Jan. 2. During each of the four quarters in 1941 the company paid a dividend of like amount, or a total for the year of 80 cents, which compares with 65 $5,000; Gas shares will provides in the shares the the Virginia, be can shares the lien in Chemical Interstate Home Equipment mon principal amount of first lien bonds will $100 principal amount of Gas Corp's bonds 50 share of each them & common The directors have declared exchange for their the parent and for of of 1264.' p. proposes Great Lakes This 78,421 of than more in Missouri & Arkansas Ry.—New Chairman— of President stock. a.m. all but both stock to formerly the international Agricultural Corp./ has shares that the parent common in by each Ware/ stated gives so $500 each Scrfa/ertificates render be recapitalized 22,018- shares Michigan first mortgage bonds. issued in exchange for be held to Paxton, $5,000; distributed exchange caslyl and Great be Gas issued them and bonds of sidiaries< Aiders they will company's first lien the will be issued Co. subsidiaries sold) are $50,000; Utilities of Michigan The will 4% of stock will parent Martinsville, Lakes Corp. on each addition amount and against the stock stock of In subsidiaries of $10,000; Great (or bonds claims notes ing amounts: bonds stock value. will claims and other demand • subsidiaries Corp., against it, as well as the securities and against its subsidiary, held by the parent company. The stock claims securities town, the capital par issue The of $1 plan 149,222 consolidation or Transportation Corp. of Michigan, a wholly-owned subsidiary of Corp. of Michigan. The subsidiaries operate in Ohio, Michigan, Illinois, South Dakota and Virginia. of • stockholders no than cents to and Chemical Co., its subsidiary, at $6.50 a share, thereby gaining a majority interest in that company and clearing the way for a merger Gas that Minerals This corporation, capital stock and indebtedness of The Ohio Gas, Light Coke Co., Gas Corp. of Michigan, Paxton Gas Co., Rochelle Gas Martinsville Gas Co., Virginia Gas and Utilities Co, and Water- loss a negligence and Nov. notes Union Potash Stock— the Canadian Sub. Ends Suit — Mississippi Power & Light will mature monthly in the principal amount of $6,740.80. first 12 notes will bear interest at the rate of 3% per annum the balance at the rate of 3Vtc/c per annum,—V,. 150, p. 2579. and first alleged corporation directors account dissolve. to outstanding $1,582,500 of 5Vz% first due 1942, and 151,431 shares of com¬ voting trust certificates), $1 par value. by (represented its and company has presently collateral trust gold bonds, lien It of one stock common The distribute on by McKesson & Robbins, Ltd., of Price, Waterhouse & Co., auditors, Superior Court, Bridgeport, Conn. The 154, p. 247. 42,633 part payment of the purchase price for 44 electric trackless trolley The total cost of the coaches is $505,560, of which will be paid in cash. The Company 10 company the on V. 42,959 Act. The of issue Dec. 21,'40 Dec. 13,*41 $101,112 The on holders this in on class five passenger coaches. an share per to on 124. - , $1.75 stock made was brought in 6 had of preferred Co.— . closed. wages tDeficit. Dec. 20,'41 Exchange Commission announced Dec. 18 that application (File No. 54-43) for approval of a plan of reorganization under Section 11 (e) of the Holding Company file'd 152, p. defendants' ,'y • the accept stock, 1378. the 7% distribution partners Dec. accepted The Ended— in 30 dividend a the Molasses of the common the Corporation has filed with the SEC 1699. paid Middle States Petroleum Corp.—31-Cent Class A Div. Indiana Service Corp.—To Issue Notes— notes company to The 154, p. paid on April 2, July 2 and Oct. 2, last, making which compares with 80 cents paid in 1940.—V. 15,018,570 Cars loaded Goodrich Co.—Official Retires— to price, paid 14,921,326 1,361,950 providing for Federal 154, p. per- Quarterly 2 the four quar¬ on Jan. 26 and of > Manning, Maxwell & Moore, the 52,545 1,921,790 chgs. income Week 23 since.—V. the after note be 1,338,832 1,851,675 System Carloadings— with making 1940.—V. each also were cents 2, Sept. fixed RR.'s & oth. fxd. the each 50 17. 1, June proposes, subect to certain conditions/to purchase 10,000 shares of its capital stock tendered by stock¬ Tenders will be opened on Dec. 29, 1941, and no tenders 336. Interest, rent for leased ♦After share per office indefinite 9,41$,719 1,135,512 charges retroactive to $1 date. same share, per of cents in of Dec. March 1631. $1,500,000 1379. excess "If less 36,686,751 facil. for cents record on the character of tenders made, or other factors sidered by the corporation, tenders at not above accepted up to the full 10,000 shares. $ 7,143,538 deductions avail, for of tenders B paid on March 31, June of $ 3,054,212 ____ Miscell. United the corporation mine 9,419,772 income 25 p. similar subsidiary p. in A 3,173,892 dr.) oper. income the an "y, not 14 186,705 joint (net ry. Other have 10.197,750 1377. p. 154, The Net was 12,593,664 oper. of Dec. none withdrawn The tax Nov. 1941—11 Mos.—1940 $ accruals.. and rents —V. James tax ry. 25 154, dividend of with A against result such fr. rev. extra an holders Madison Square Garden Corp. Own Stock— $910,144 under 1941 1941—Month—1940 expenses to made on 17. action was 1,315,858 to revenues Railway paid were accumulations 1940; Montreal, RR.—Earnings of System— Railway the in hold $405,714 118,554 inc. increase to granted 1149. p. McKesson & Bobbins, Inc. V. t$76,222 $ Bullitt, East, 23, the Period Ended Nov. 30— Co.—$1 Common Dividend— Dec. on 1941 (B. F.) The $1,996,343 $1,829,760 9,921 of Dec. Canadian addition of been each Extras company record Dec. adj. Illinois Central p.' 1283. —V. $6,858,553 4,862,210 $169,032 $194,777 in continue has compared as 1940.—V. account $6,967,880 <'5,138,120 1377. to holders of each total 1941—11 Mos.—1940 452,568 1940. 27, The 9,388 — 154, will but (W. J.) McCahan Sugar Refining & Accrued Dividend— /7y "O-'yy' RR.—Earnings— $621,630 Lieutenant Commander as Flanders 154,. of the annual meeting of the stockholders 28, 1942. It had been scheduled for quorum, until Goodman Mfg. 50 23.—V. 1, last, holders. American Far absence.—V. received Net a Dec. chapter 291 of New Jersey Laws of 1941, which are being contested by Hudson & Manhattan RR. tDcficit. 154, p. 1264. Inc. common record of the on taxes nationals." said press, when Roosevelt General Realty & Utilities The of holders ters Dec. dividend under the provisions of organization." personal 17, stock 148,184 adjustment Mr. corporation on An on the company on Dec. 23 the common stock share available one-half —V. of war had made it essential that his policy with regard be carried out immediately. That policy, he said, is bring the affairs of the company into harmony with the purposes and policies of the United States Government, and "to establish this important industry so essential to national defense as unmistakably Dec. 5% a $62,574 bonds ♦Includes, law, super¬ outbreak Due to ♦571,096 outstdg.—at 5%_' Deficit Company assumed to has The of $71,962 interest on bds. to General Aniline His declared $633,671 taxes— income income E. -'decentralize of active service Reserve. of Lincoln Stores, Inc.—Extra Dividend— shares. retirement combine. corporations and leave additional an common by Naval Fresident distributions of 30 cents 1941—Month—1940 rev._ charges for been G, into immediate States , Dec. on with two reduced was Tuesday, December 30, 1941 of new a dye, chemical and photo under investigation for Farbenindustrie, the German has the 19 income Income corporation, which 7%, outstanding. Dec. on and exp, Operating Mack, who recently succeeded D. A. Schmitz as president, the Treasury move was in line with the Administration's policy said to of with . received paid Non-operating income__ Inquiry until counsel Direction representatives manufacturer, connections Over Take purchaser $1.26 York , Agents the which stock, payable Dec. 30 oper. Oper. City stockholder, who brought the action. Another stockholder, Earnest Flender of New York City, filed the original petition but withdrew after Miss Kahle entered an intervening petition. ' ; 'V.;.; ■' Treasury which stock, directors Net New the among p. 54. $203,725 election payment total common shareholders residual Period End. Nov. 30— continued force agreement of on Kahle, P. 10 to this 1914, p. $1.66 hearings board making provided leaving $600,000 common ;1939 $244,227 $3.14 General Aniline & Film Corp.—More Time In Court for preierred $360,000, cents a 1940 $418,754 * share— Delaware charge The ♦After depreciation, Federal and Canadian income and excess profits taxes, etc., tOn 119,304 shares of common stock.—V. 154, p. 1492. The distribution the and , - , determined Hudson & Manhattan Co.—Earnings— ♦Net profit tEarnings per of share, a Hey den Chemical Co,—5% Stock Dividend— of July 1 and Oct. 1, last, and makes of $2.50 for the current year, the same as paid in 1940.—V. 152, per Pro-rata 1942 $50 and Dec. with 50 compares of par, $2 Co.—$1 Year-End Dividend-r 18. in rate assets after all tax liabilities have against. The company was organized in 1926 to build and operate the bridge. A total of 12,000 common shares and $960,000 in preferred stock was issued, each preferred share being sold at $100 Company went on a 24-hour, seven-day week Dec. 12 on all defense production operations. The Ford announcement, by Edsel Ford, Presi¬ dent of the company, made no reference to compensation. The new schedules went into effect immediately.—V. 154, p. 750. a (3) sometime Ford Motor Co., Detroit—On A 7-Day Week— The on Dec. 24 paid company share to stockholders of record Dec. the $600,000. been Franklin Process at New York—President Called (no par) ♦Includes ' ';■■■ $5,45 $153,500 for | excess for years net William D. Flanders, President of this corporation, has been called and a $4.11 profits tax and credit of $387 over prior years' taxes, tlncludes additional taxes for prior amounting to $1,028. $$10,000 surtax on undistributed profit deduction of $1,017 over-provision for prior years. provision For Active Service in Naval Reserve— dividends— , wwntaHwnwiMKi Volume 154 Number 4026 ? Balance , Assets— Cash ** > > Sheet, accounts Deferred $1,675,611 equity Other Total 205,406 732,907 541,816 Exps. 1,217,279 Prov. 813,797 875,770 14,396 ... Total $5,245,999 $4,570,889 $124,427 $104,902 .... credits income for "Common 26,524 29,098 27,000 583,154 Bal. 1 taxes contingencies 219,213 ^ 17,151 stock ; 1,000,000 3,467,743 Earned surplus ■Total by 200,000 V. 154, 1380, V. 151, p. 3895. . $4,570,889 tLess allowance shares. par for depre¬ flncludes payroll. 1940. V. 153, 1282; p. V. 152, p. 3352, Mountain SEC application an Holding and Company Mountain issued 18 declarations Act of order filed Montana-Dakota to the existing electric utility properties located in proposed Utilities Co. Utilities face the of proposed be to sale from of said by Mountain purchase 154, p. sale States States Power Power Co. to of face at certain from Mon¬ and (c) the certain commercial and amount without Nov. 1,'41 Net no 19,406,615 per Gross trading profit idle of Maintenance $303,097 $628,326 375,586 405,004 46,099 Federal for 126,186 101,567 86,914 80,986 taxes, 8,087 12,269 —— $1,353,922 — *$247,184 stock and of 37,673 and $1 $2.75 capitalized $1 at in Comparative First $245,174 1.984,168 4.867,379 4,320,694 176,937 157,037 value of insurance 6,550 Mfg. Co Prepaid and deferred items —- - 7,847,719 contingencies stock $14,767,726 $2,825,000 1,332,378 152, ; "After reserve for Net Dec. and 31, First 1941 Jan. on distributions profits Mutual and 15, Trust distribution 1942. The share covering per allowances and doubtful accounts of (& Subs.)—Earnings- 1941—Month—1940 8,249 11,784 $194,451 100,781 8,626 11,646 income^ 11,693 7,710 utility oper. income— $69,819 1,115 1941—12 Mos.—1940 $2,509,041 $2,116,514 1,423,520 1,185,579 89,223 91,300 138,504 146,439 135,064 68,846 $65,688 1,103 revenues ___ Operation v Maintenance Taxes—general Fed. state & income—net Other — $232,020 130,474 sell : checks will following the accruals Retire, $722,724 22,029 $624,350 25,653 accruals res. $70,935 $66,791 $744,754 22,175 312,347 Fund others bonds debt disc. of Amort, —V. 128,085 II remain National Income $.01 unchanged.—V. per 154, p. 355 9,734 $297,211 Sugar Co.—See p. and the over First Dec. in • Issuance below.— company the — $-66 $.61 (& Subs.)—Earnings- 29,348,030 inc. tax. for prov. 1941—3 Mos.—1940 : _ Other taxes Prop, retire — Net oper. res. appro. revenues— $21,961,350 $19,961,155 $84,263,539 $77,753,458 10,920,942 9,404,992 40,767,620 37,441,597 1,486,451 479,902 4,895,560 & 8,307,776 isis-U 40,303 787,271 40,303 1,621,752 7,242,302 6,223,633 1,815,743 1,794,256 6,349,019 6,238,136 $6,619,950 $24,221,767 $26,381,326 Rent from lease of pits. 1,533 (net) Operating income (net)— income Other 1,500 —I $5,584,767 5,230 6,630 $6,621,450 $24,226,997 $26,387,956 20,359, 58,384 89,195 16,607 from 8,376,209 110,134,885 3,160,078 42,330,379 to Int. $5,601,374 income public & deductions of 83,003,377 1,225,302 14,123,019 — 3,990,829 36,966,718 1,587,707 2,217,211 53,681,487 16,845,441 5,360,239 6,208,040 70,526,928 inc. Cr37,578 128,473 1,286,518 charges—__ Balance Pref. —- — divs. to public— 1,405,802 Portion appli. to 10,349,211 104,772 24,172 $4,257,744 $14,755,115 $16,152,112 1,405,802 5,623,206 5,623,206 minor. — 9,635,038 9,970 ■ $3,244,155 — interests 2,394,035 24,592 • .. 235 ; 24 87 89 4,041,738 4,093,054 44,905,236 44,224,864 Lgt. subs. Nat Pw. Co. in inc. Power the Co. system, Laporte, was integration of public utility Corp.—V, 154, p. 1268. serial notes 1,986,513 24,335,174 authorized by the Illinois Com¬ 214,800 of for York revenue the New at tar, 111,605 loaded cars 1941 9,092,932 at 1941 ■ "42,501 44,220 38,774 47,150 40,039 48,202 86,721 78,813 95,352 Pittsburgh & Lake Erie— 8,151 7,628 6,972 8,461 6,762 6,195 6,226 7,596 14,913 13,823 13,198 16,057 ^ connec._ Total —V. 154, p. 1267. New York City Omnibus Corp.—-50-Cent Dividend— dividend A 29 this in to issue of 50 cents holders June on preceding of and quarters. 1940.—V. 154, p. share per record 26 Plan Dec. Sept. An was 18. 29, extra last, of paid 25 on like A the compared as cents common amount was with also stock paid was 75 paid on cents Dec. $8,874,029 Railway operating exps. 6,582,478 4,982,862 oper. $2,291,551 $2,526,926 accruals— 487,000 562,000 fr. ry. Income $1,804,551 rents (net dr) (net dr) 329,224 Joint facil. rent ry. "For the oper. income 423,060 $1,052,267 $7,509,788 $97,685,032 $77,512,919 67,659,061 56,902,055 $30,025,971 $20,610,864 7,045,250 6,044,559 $1,964,926 $22,980,721 $14,566,305 249,188 3,598,821 2,444,684 400,913 4,621,254 4,389,409 $1,314,825 $14,760,646 $7,732,212 operated system, includes accrued and unpaid real estate taxes on Old Colony and Boston & Providence properties; also accrued and unpaid charges against said properties for Boston Terminal Co. taxes and bond of showing the purpose interest. Note—The stated of leases below but operations Hartford Warren & & the complete railway operating these properties: Old of RR., 154, p. account for the '*>;,... //'K.' following companies were rejected on dates net Connecticut Cristol 1938.—V. of (a) be Western Feb. 11, RR.. 1937; income includes the results Colony RR., June 2, 1936; July 31, 1936; Providence, Boston &_Providence RR., July 1701. & Gross income tirement Net after 154, $107,843 1941—12 Mos.—1940 $1,246,507 $1,244,350 re¬ p. $2,851,918 $9,131,822 $10,528,817 and ICC John on S. accruals £3,454 32,980 279,441 332.808 L4.461 18,124 117,277 155,966 1381. Dec. 12 Sickels authorized G. Leonhard to water extent, is sold sale North of market. open the gas, from requirements the other under for residuals. oil for In connection produces company The use water entire in gas output of by contract. a All the of coke oven gas the chemical company is sold to the com¬ agreement, which contract will be terminated as part of lieu The ferred serve as a protective of well as the the the as further shares ; presently stock, business activities development of such of the chemical businesses. of all been reclassified other shares of presently outstanding, consisting of 150,000 which and outstanding 134,355 shares will accumulated but 27,319 unpaid shares of dividends pre¬ thereon and In addition, all the presently issued and outstanding stock, and 637 shares of preferred stock of the North Continent will have been surrendered for common held company stock structure $15) rights in connection therewith, will have and in exchange for, in the aggregate 77,314 new as, shares. of all claims capital capital (par ■ issued including and by cancellation. (c) title Company will have acquired all of the chemical company's right, interest in and to its business, properties, and contract and and other rights, and the of by character (other Provision of been the made proceeds funds have will the indebted¬ -w,'l: have other and than subsidiary companies, and other subject to the liabilities of the 57,041 new common shares of cash), exchange for in will application offered now and stocks of in \.,%V Provision bonds capital $45,000 company, company. (d) of of sum kind every shares the of been company by distribution of subsequent dissolution. its the for from payment of sale of the the the joint securities the company. made for liquidation assets its to of the stockholders, chemical and for its Nov. 13, 1941, the plan and the report thereon of the SEC were submitted to the holders of the preferred stock (all of the common stock of the company being owned by North Continent, which had theretofore indicated its approval of and assent to the plan) and to stockholders stockholders requisite of the chemical company. Special meetings of such 2, 1941, and at such meetings the holders voted in approval of the plan, respective boards of directors to take all steps held were on of percentages authorized and their Dec. such of the plan. 1941, the Illinois Commerce Commission issued an order approving those portions of the plan relating to the issuance of the new common shares and to the acquisition by the company of the business, properties, and contract and other rights of the chemical company as provided in the plan. Company will acquire the business, properties, and contract and to the carrying out necessary Nov. On 5, " other rights of the the with or chemical prior to company the and issuance will of make .provision, the securities now con¬ offered of the payment of plan, application Funded — res. income —V. in As of the Shore & all the joint bonds. Capitalization—The capitalization of the company as of Aug. 31, 1941, and after giving effect, as of that date, to the consummation Co.—Earnings— 1941—Month—1940 $108,524 revenues of outstanding. currently Richmond Gas Period Ended Nov. 30— thereof purchases its gas purchases and gas, manufacture water minor a activities, including In (b) v; for Operating the of water own company will have a simplified authorized new common shares the "Net its of On Equip, square chemical company, under the Public Utility Holding Company 1935 (for full details of plan see V. 154, p. 1267)M;;.■ principal provisions, and the effects and results of the consum¬ mation, of the plan are summarized as follows: 1941—11 Mos.—1940 revenues tax 270 of excess of chemial RR.—Earnings- 1941—Month—1940 rev. in The ness New York, New Haven & Hartford oper. approximately the and on 1150. period— also Merger, etc.—On Nov. 13, 1941, the Securities and Exchange Commission entered an order approving the plan "submitted in an application filed • by the company, North Continent Utilities Corp. than Railway for tar under company, Dec. 13 1939 50,360 connec._ from company sale of gas and Company to gas business received 96,937 Received utility plan of merger of the chemical company. Upon consummation of plan, company will acquire the business, properties and contract and other rights of the chemical company (with certain exceptions); with the facilities so acquired the company will then produce its own requirements of coke oven gas and will in general continue its own Act Total Cars loaded 13, 1908, under Winnetka Gas Co. Gas Co., and on July to North Shore Gas Co., its present name. name manufacture the 951,522 stations and 1940 46,577 from July 1908, ^ produces Co. and, pany 7,264,849 Week Ended Dec. 20 lines— stations Received Illinois 119,000. 1941, company had 28,561 active meters in service. 31, its water York Central, leased in July 30, Consolidated ^ manufacture with Central, including leased lines Pittsburgh & Lake Erie Railroad, week ended Dec. 20, 1941: includ. On Shore the profits taxes statement Co. Company gas. manufactured 1,356,079 Gas North public a required the Week End. New The $1,838,118 and distribution oven 1st mtge. Boveroux, Alden Sherry committee for holders including the sale of the of the proceeds therefrom, is securities as Authorized stock (par Underwriters—The principal $15) of the 700,000 2,015,325 principal bonds of series as follows: of $700,000 2,250,000 several purchased by each of them are amounts $3,700,000 V 1, __ names and Outstdg. 4(4 % bonds, series A, due Dec. 1, 1961 Not limited due $50,000 semi-annually June 1942, to Dec. 1, 1948, both inclusive ; the offered now follows: Debt— Serial notes, Common & & plans for 1382. company now serves a territory of an estimated population in 1940 Chemical income connections Is with coke 16,107,976 New York Susquehanna & Western RR.—Committee— Net equity of of has been sold to the Northern Indiana of Indiana Public Utility Commission and Commission. -I- Light SEC p. to name Company after fxd. Fed. coke of Aug. 53,074,694 1,584,981 from New York , 2,381,811 of bonds purposes. The 13,214,791 3,772,532 $6,641,809 $24,285,381 $26,477,151 other Int. chgd. to contr. (cr) in are engaged principally in the for beat, light, power and purchases for resale and sells mer¬ chandise related to the development and conduct of its business. The gas sold by the company consists partially of water gas and partially other 32,821,868 Rev. freight cars loaded 19, Gross United 154, Winnetka its production, * $ 1,526,658 — of name miles income exc. $ 32,082,201 406,473,348 335,691,381 23,705,992 296,338,463 252,688,004 3,008,586 income oper. income and the 1,428,463 319,665 $5,583,234 of Company 1941—11 Mos.—1940. 1941—12 Mos.—1940 for Fed. exc. prof taxes Dividends last, Commission. changed facil. , Railway 1,835,315 Fed. Prov. the 15, 1912, it changed its 1941—Month—1940 expenses Railway oper, expenses 14, /'I/.i'.*' Purpose—Net proceeds to be received by the company (estimated pany, estimated at $303,125, to the payment at the principal amount thereof of $4,604,000 joint first mortgage 4% bonds, series A, due Jan. 1, 1942, of the company and North Shore Coke & Chemical Co. Carloadings of System— Subsidiaries— revenues of furtherance merce (e) Operating 14 and Oct, ■ 4 1415. Acquire Control of that ' income Net Operating 14, July three; issues. all Mention was made in V. 154, p. 1599 of the offering of $3,700,000 mortgage 4(4% bonds, series A, due Dec. 1, 1961, at 101 and interest, and $700,000 serial notes at prices to yield from 1% to 3.95%, according to maturity by a syndicate headed by Central Re¬ public Co. (Inc.) RR.—-Earnings—- charges $272,124 share 1303. Period End. Oct. 31— Div.— first .03 Series each 154, Sugar Refining Co—To ry. oper. accruals. "Includes 4,266 5,771 $32,867 National Power & Light Co. Co.—Accum. North Shore Gas Co.—Securities Offered— ,11 increased Service dividend a Northeastern Water Cos., Inc.—To Be Dissolved— .12 ... 355 720 •'>: 1,082 $29,785 Public declared April on on A, unit sold .14 for been fr. fixed Net 27, ; — charges. income Earnings $410,246 125,107 ______ income Net $432,407 10,673 & expense Other $44,615 10,235 on have properties.—V. ending ___. have Corp.—Associated Gas $.10 Series 37,655,866 Total 239,756 $41,102 income Gross 12.81% Exchange .15 Stock distributions Fund deduct, Dec. Interest 160,806 Acquisition— the are quarter l.__— oper. Total $650,003 29,833 —- — 1,254,957 be Series.—— Trust paid common res 26.16% See Associated Gas & Electric revenues ry. Other bef. retire. inc. Gross 63,868 company, subject to approval the Securities and ex- 1 rents 6,576 6,900,667 $17,899,805 $14,767,726 National Gas & Electric Corp. Period End. Nov. 30— since Series Common oper. rev. Net 5,151,040 in 1941 and $24,781 in 1940. tAfter reserve for depreciation $8,357,334 in 1941 and $8,441,420 in 1940.—V. 154, p. 435. Operating 9.59% 244,141 Laporte Gas & Electric Co. Fund $51,307 Of tax '/ Series "Railway tax Equip, and joint and — discounts, excess 1598. p. directors arrears 3818. p. Below is Totai Series PM estimated Railway Railway $1,975,000 734,443 ——625,000 6,900,568 — 6,216,859 —-— —— Federal 154, $.50 (Including all leased lines) 144,735 $17,899,805 - payable, banks Accounts payable and accrued items Reserve for Federal taxes, commitments Capital for •_= The -—Increase 96,938 308,009 connec._ History and Business—Incorporated Liabilities— Notes Surplus 4 Stock Misc. Total made indicated.—V. New York Central 6,550 54,478 153,964 to Somersworth advs. & in 53,457 7,717,145 Inv. been are Bond National 7,170 8,577 ;— and deposits at book value Investments 1,021,538 Series estimate. 401,200 : surrender Cash Nov. 2. '40 4.097,459 deposit" with Mutual Insurance Co.— Premium from 1,010,816 of $1.75 per share on the preferred stock, a dividend of $1.50 per share on the 6% preferred stock and a dividend of $1.37Vi per share on the 5V2% preferred stock, all payable Jan. 14 to holders of record Jan. 2. Like amounts $5,298,763 $.68 - _____ ___— —___ Inventories has Securities Trust Dec. 21,'40 7% Securities & Research Mutual The Mutual 27,272 Year to Dec. 20,'41 H 1,107,754 __________ Northern Indiana were shareholders Balance Sheet notes—tax series Treasury 681,046 $4,433,189 ______ Period Ended Nov. 30— $417,138 S. 256,691 $1,231,136 $.14 share Bond Series *Loss. Nov. 1, '41 "Accounts receivable 49,247 • Securities Preferred 5,673 24,486 21,599 172,450 : $349,490 .___ tlncludes dividends paid stock, share. per 293,573 ■ 1941: Income 5,263 154, p. 1381. ,; The , Low-Priced "98,545 Assets— U. $6,320,301 422,929 $$6,365 $385,712 — dividends "Cash $5,114,235 Pennsylvania 625,000 Dividends in $1,487,827 to 31, 19,223 5,868 & Electric Corp. To Sell Stock of Corporation—See Asso¬ ciated Gas & Electric Corp.—v. 154, p. 1056. 55,254 $398,737 estimated v. profit 107,931 mailed ,10,429 com¬ mitments and contingencies——— Net "152,750 at 22,367 Northeastern Water & Electric 130,469 12,752 profits distribution -Carloadings— _ 6,157 37,433 Capital assets sold and scrapped... Miscellaneous taxes Provision 52,772 122,327 plant $6,841,578 61,150 com. National 10,691,438 344,913 Interest $5,797,845 Corp.—Revised Esti¬ mate of Jan. 15, 1942 Distributions— $11,319,763 12,137,390 $2,610,680 ___— $6,711,109 72,118 provision excess the and 1267. p. 1,415,763 Received deductions Low-Priced Depreciation $l,621,869-i$5,704,172 32,290 93,673 "13,500 National Nov. 4,'39 Sales, less discounts and allowances $22,017,295 $12,440,487 Cost of sales $592,680 115,265 income "No solicit to without committee 1941—12 Mos.—1940 taxes__ income Earns, 154, the 28,235 loaded -V. 1941—3 Mos.—1940 income • Nov. 2/40 Cars profits tax since no excess inc. tax__ oper. other bonds, of Dec. 20,'41 Dec 21,'40 Dec. 13,'41 — Total $1.36 : & and company these rules Received from connections......... $9,116,471 $1.13 $1,654,150 92,421 excl. National Co.—Earnings— Ended— $7,860,839 $.37 $599,620 taxes Dec. Years Cars loaded 1,021,538 $2,461,194 income Other Co.; 1263. Nashua Manufacturing 681,046 $.21 6,940 Prov. for Fed. the of the indicated. are revised notes money with Norfolk & Western Ry. Co.- $8,541,885 $10,138,009 $1,594,928 subs.—consol. Expenses, by company's purchase money notes in each in payment of the electric utility Mountain of holders accordance Year to Other from latter $80,000 sold by recourse.—V. the of amount properties banks Co. bonds the represent in Week Ended— 55,254 and near Forsyth, Mont.; the proposed acquisition by Mountain States Power Co. (b) tana 172,450 685; 1288, to become effective to the Public Utility (a) 293,573 Earnings of Company Only of Properties— pursuant 422,929 "152,750 107,931 256,691 Period End. Oct. 31— Inc. permitting regarding 1935, Power Co. States an to thereof, cons. ■fu < States Power Co.—Sale Dec. on 130,469 Total Int. The 49,247 share. Net 545; p. no in 1941 and $1,080,803 in to com, profits excess 3,177,674 $5,245,999 "Represented general mortgage 50-year 5% deposit $9,225,495 $10,659,286 $2,717,885 provision has been made for Federal Total ciation of $1,057,197 $1,644,175 surplus per "No 17,151 1,000,000 .... 12,752 deductions carried 22,854 ... i_; 92,421 61,150 tax. ... other Earns, ' taxes Reserve 93,673 $2,884,208 "13,500 72,118 inc. — earned Federal of authorizations $9,131,822 $10,528,817 32,290 115,265 taxes taxes & Liabilities— Customers' Light Co. $2,851,918 $1,845,058 ; — excl. Balance Int. Accrued & $1,838,118 6,940 for Fed. Other 42,810 . payable above). 12,198 53,067 assets assets ^Accounts (as income 1729 the provisions of such authorizations.—V. 1,401,565 — machinery and equipment Miscellaneous Net 1940 103,200 — receivable.... _— estate, t*ower National >•';*'f .... $1,626,907 _— 500,160 Inventory tReal 31 1941 — U. S. Treasury tax notes U. S. Govt, securities. and Oct. ■'••''• - — Notes THE COMMERCIAL & FINANCIAL CHRONICLE A and of underwriters serial notes and to be Bonds Name—, $200,000 800.000 170,000 (Incj^Y-tete-'-Y'-- Inc.——.Y—Y—— Wampler & Co., Inc. E. H. Rollins & Son, Stern, Coffin C. & 650,000 Whiting, Weeks & Stubbs, Inc.—r of Statement Forma Pro Combined 115,000 Dec. on of Income o " 'i/.'/. •' ' Interest The for earnings on ' : 2,233 1/J50 • 25,863 ... I«gal expenses a 84,035 ; expenses fees Directors' 33,976 ; ^509 Auditing consultants and Tax 17,500 the to Co. Chemical <$883,498 $885,731 Taxes qualify for retirement. Details of the program are being workedconsolidated basis after eliminating inter-company out. The company plans to supplement the retirement income which reclassifying the accounts of North Shore Coke & employees will receive under the governmental social security laws. basis of a gas utility and also after eliminating —V. 154, p. 1382. v interest income from the non-consolidated subsidiaries of North Shore Coke & Chemical Co. and the adjustments to the reserves for losses of such subsidiaries, which subsidiaries are not to be acquired by Pacific Power & Light Co.—Acquisition— North Shore Gas Co. under the plan.) (Prepared transactions 1941 ____,— Operating 23 announced it had set aside $1,300,000 from fund to provide an income for employees who a ; 31, cash_____,_l___„\,___i:__y_' in Total on Dec. company 1941 received . Owens Illinois Glass Co.—Adds to Retirement Fund— ; Corp.—Earnings— for the Year Ending Aug. Earnings Income—Dividends borias and ffrst ' protective a Securities Y'^ approved John E. Walker as an- additional mem¬ 6 committee for (holders of the 4% mortgage bonds, series A, B and C.-r-V. 153, p. 402. ber None Coke & Chemical Co.) (North Shore Gas and North Shore ICC 95,000 250,000 __. 120,000 550,000 500,000 Inc—__ Burr, Allyn & Co., Inc The Tuesday, December 30, 1941 Phoenix Committee— /Y'YY ;Ya,--Y- RR.—Protective Colony Old Notes $950,000 . Republic Co. Central A. FINANCIAL CHRONICLE S THE COMMERCIAL & 1730 , Gas sales 8 Months —Y ___—— Other gas revenue $1,554,840 28,317 17,385 __ $1,062,342 $1,583,158 191,331 391,946 29,359 42,521 3,740 gas 5,505 Maintenance accounts income Operating Other 117,223 175,146 102,485 150,422 $357,609 _______ 287 income Gross 167,184 249,307 68,413 81,990 $122,297 $159,447 — income taxes —— ',/./•■ ments— Y 1 Y'../' '/ separate state:YY,YY; Net The ■■ Cr3,655 $159,447 —_ &c plant, the ^9'54i'o60 — — — 1,063,566 33,124 127,314 — -i charges Total $10,769,909 „ to Gross construction advances for •_ of E. listing I. and security du was registration suspended Pont de Co.—Files Plan Electric Nemours, com¬ V .. ■ , Net rents 967,911 interest Other charges 1,808,005 68,873 29,646 108,037 ___. $5,056,303 • •'•-Cy Y . 20,764 8,542 209.659 200,812 $575,978 from deduct, • $530,334 $6,846,217 $5,257,115 86 552 1,572.136 806 019 3,418 74.213 37,727 $440,364 $5,199,868 $4,413,369 inc. 157,469 fixed chargesr— 3,696 inc.. after Yfixed ;■ $414,813 Pittston Co.—Allen & Co. Gets Stock— 110,396 61,683 Cr39,780 10,466 Miscellaneous $6,636,558 —- income Allen 1,810.205 - ,• 2,684,549 $521,792 ■ Carloadings— $4,228,054 :___ 4.209.388 -... See New York Central'System above.—V. 154, p. 1383, 1270, 869. 1,554 - v $4,038,834 charged to construction income deductions Interest $10,769,909 Total 3,427 associated companies 2,770,752 286,604 ' ■/ $4,226,500 $4,035,406 (net) assumed on interest Taxes $5,142,506 5,065,256 $555.214 charges long-term debt (mortgage bonds)1Amortiz. of debt disc't & expense & prem. (net) $7 492.426 308,204 498,178 Y , income Net 592.382 on $543 392 $586 726 _ facil. 1 766,569 1,264,598 income 1941—11 Mos.—1940 $2,177,468 $27,454,706 $21,876,896 1,634,076 19,962 2d0 16.736,390 466,666 Joint income1 : -.Total 752,846 de¬ —.—________ . 1941 prepaid railway oper. ry. .Other 1, 093,077 and 31, $8,586,183; $397; 1941—Month—1940 ; . (cr.) Net Misc. 844,096 profits— Sheet, Aug $2,573,680 1,986,954 revenues from arid Total 846,506 income oper. rev. Equip, $12,501,160 $12 3,843,630 3, 727,463 _>—J847,122 Interest on debt to & of shares Co., the were successful bidder Dec. 15 for 6,000 which w>s offered by the Western Poca¬ York, New common stock hontas Corp.,- a wholly-owned subsidiary of the Chesapeake, (k Ohio Ry. One otner bid we-s received, and that from an individual residing tar Chicago.^-V. 154, p. 1193. 68,970 32 991 73,763 . Cr9,381 Pleasant Valley Wine 10,101 Co.—Earnings— Earnings for the Year End. Aug. 31, Bond Retirement— Net with the Continental-Illinois Bank & Trust Co.. for payment at any time of the North Shore Gas Shi" Cnke & Chemical Co. joint 4s, due Jan. 1, 1942, trustee, Chicago, an* Co. at par and full interest to Jan. 1, 1942.—V. 154, p. 1599. income Note—No Fun*-, nre on *eoo-it of estimated Utilities Co.—Proposes NY PA NJ Acquisition of Se¬ V. with others in a con^ which indicated no tax liability and consolidated return for the year 1941. It is that the 1941 consolidated return will show no tax liability.— 1138. ' ' 153, p. a holding company in the Associated Gas & Electric holding comnany system, has filed with the SEC an application 70-463) regarding a program under which it will acquire certain of its own outstanding bond3 and debentures and certain securities of some of its subsidiaries now held by other companies in the Associated System. The proposed transactions, according to Pennsylvania Company, (File "materially" reduce the number of cross-holdings companies in both the NY PA NJ and Associated application, will securities amorn systems. v Yo for the merger of The General Finance Corp. and two investment company subsidiaries, into PA NJ also will acquire bonds of Asso¬ ciated Electric Co., Metropolitan Edison Co. and The Mohawk Valley Co., and preferred stock of Sfcaten Island Edison Co., as well as certain v Electric & Gas The Corp. calls plan Metropolitan Investing Co.. NY PA NJ Util ties Co. NY its of debentures. own fil°d en application (File 70-461) re¬ of bonds of Associated Electric Company to Pennsylvania Power Co. filed an application (File 70-462) regarding the payment of a dividend on its common stock to NY PA NJ Utilties Co. in bonds and debentures of Edteon Inland St.aten Mohawk Valley The application An Northern Co. (File 70-465) — Corporate Changes Ap¬ Net stockholders The Dec. 19 approved a series of proposed cor¬ will probably result in dissolution of the present ' #On sylvania Sugar Coit is figured, would receive about $6.50 in 10- • debentures and about $6.50 of new. $5 cumulative preferred stock the new Pennsylvania Sugar Co. and a minimum of $16 in cash for held. and this After then would taken assets change its at name book to would continue to own and approximately $4,900,000 Pennsylvania Sugar Co. Sugar Properties/ Corp. and value. Penn Pennsylvania Alcohol Corp. would Sugar Co. See also V. 154, p. 1531. Y ■ the Under nroposed recapitalization plan, these shares shares of new $25 par value common $4,545,700 of bond indebtedness of Pennsyl¬ vania Electric Co. and Erie Lighting Co. and the $2,134,490 of (open account, indebtedness of Pennsylvania Electric Co., which Central would "be stock. U. addition, Utilities S. for Co. Giving the presently holds, would be Co. 244.872 shares Electric for 800,000 exchanged In ;vy effect surrendered in exchange of the $25 par value common stock of Pennsylvania v to the YYY': % - Y'/Y Y'Y/''Y"' proposed recapitalization and consolidation, Pennsylvania Electric Co., unon consummation of the for^oim* trans¬ actions, would have a capitalization consisting of: $32,500,000 of bonds; $3,400,000 of preferred stock; $30,906,350 of common stock; $3,210,737 of capital surplus; and $1,410,117 of earned surplus.— V. 154, p. 1268. Y, •YV:YY ' /Y.Y*Y'': Chesapeake & See Properties— _ Tell City and Cannelton, Ind., for $600,000 cash.—V. 154, p. 546. The Ohio Ry. above.—V. Y.v.Y\ a | 12 Mos End. Nov. 30— Net income ? income 1 — E8cnincrs per common —'V. 154, p. 1599..' share _, . 5941 $9 812.109 $9 565.4*2 3,378,615 3 526.318 2,655 571 $3.52 $3.75 1940 $22,025; total, $1,039 025. payable, $45,095: Federal $163,947; 12 Days to Find Buyer— Dec. 15 to a plan the* the present within corporate structure. Tate, Jr., added that the trustees reorganization, in another sense, "by someone attorney, Mercer B. might there be purchasing the enterprsie as a going concern." The jurists fixed noon Dec. 27 as the deadline for receipt of bids. The- trustees will submit all offers to the court. Judge Kalodner said the reorganization of the grounds, that for effected be trustees' believe :; objected ' days in which to find 17 gave trustee 12 Dec. income $250 000; $128,858; reorganization or to find a purchaser, but counsel for the said they "feel very definitely there is doubt" that reorganiza-> could tion 154, p. 1632.' under proposes ' . ; directors had approved the recommendation of the management;that Seeks Distribution of Funds— The New York committee for the refunding bonds on Dec. 22 , petitioned the U. S. District Court at Philadelphia to order,'-the distribution of $1,600,000 among the holders, out of the proceeds . of the liquidation of Reading Iron Co., a subsidiary of the coal com-" penv. Federal Judge William H. Kirkpatrick set a hearing for Jan; 7, " 1942.—V. 154, p. 58, 436,. 547, 583. •! York Committee New all Jan. was directors par $100, dividend a of first distributed.—V. Stuart troller $1.75 payable Feb.v 2 to per share on the holders of record ;* also 154, 436. p. . M. of Campbell this announced. of company ^ Campbell, . _ and Ended Nov. Period Comptroller. would Mr. ;.YY . William. F. 30— ry. ry,l oper. exps.___ oper. tax Railway E"".io. Joint Net -V. j be, unified the Comp¬ .. Van .Wagner accruals—. oper. income reuts, net dr._„_. facil. rv, 154, rents, net^_ oper. p. income 1304. was ■- an -Y. vi 154, p. 1632. -YY-■ Y;'a^'Y':- -1«41—Mon*h—vmo vr> 1X $5.696 897 $72,566,637 $57,678,523 4.728.045; ;.3 885.606 $47,884^539 rail-// operations____ way '■ become Whitman have been elected Assist¬ $6,560,858 revenues from rev. Ralway »• Dann Total . • such of, RKO. Wagner, as Treasurer H. Total of Comp¬ President,;, who Reading Co.—Earnings— ■. Comptroller— V,Vf the organization Secretaries of the RKO parent .company.—V. Net formerly a member of the firm of Arthur Andersen & Co., accountants and auditors, will succeed M. C. Spahr, who will retire next year after more than 50 years of continuous service with the Pittsburgh Plate Glass Co.—V. 54, p. 1599; V. 152, p. 2248. Mr. Van Robert \ Chicago will assume the duties on Jan. 1, 1942, R. L. Clause, : Assistant • person one of corporation and all subsidiary companies.. Mr. Schaefer announced that the board had approved the. aDpointment of,. Garrett paid on this issue on Nov. 1, last,* which payment made since Feb. 1, 1938, when $1.75 was also activities of the troller A like amount was 20. the declared have stock, preferred the. .supervision; of under , auditing and accounting ant Dividend— Phillips-Jones Corp.—Accumulated Pittsburgh Plate Glass Co.—New 2,52'>.r>r'r' ; after retirement reserve accruals. accruals and taxes, he felt any bids worth consideration "should be published with thd Federal bankruptcy laws on the idea that someone else might be disposed to make a higher offer for to high a capitalization and fails to provide a "fair the business." allocation" of new securities among unsecured: creditOra •. All bids, it was specified, must be accompanied by certified checks The plan, which proposed reduction of the companv's nresent cap- * for 10%: of the amount of the o'fev Counsel for the newspaper's italization from around $54,000,000 to less than $12 000 000 and a creditors supported the proposal for the time extension. ; ?Y- ' ' Y new bond issue of $10,600,000, was submitted to the Federal District i -i fThe-'trustees, appointed after the company. ..petitioned the court Court of New York and Philadelphia committees of the. company's for reorganization, are Robert Cresswell,. President;of*the comnany;/; debenture holders and the Philadelphia refunding bondholders" com-:? David H. Brillhart, Bethlehetn, Pa., Newpaner Publisher, and J. Harris mittee, but was opposed by a New York City committee of refunding * Warthraan, Philadelphia business man;—V. 154, .,p.Yl53'l.VY:';Y bondholders. The company also approxed the plan. V'sV'-Vv. ; Judge William H. Kirkpatrick set Jan. 5 fpr a heari->g to consider .■ the report filed by the SEC. Radio-Keith-Orpheum Corp.—New Comptroller, Etc.* He is not obliged to follow the Com¬ mission's recomendations, since the SEC acts only in an advisory Geore-e ' j. Schaeferr President;. on Dac. ,..'22 announced -that the capacity to the court in reorganization cases. y plan • Gross ,1 ..: purchaser of the newspaper, and its plant as a going concern. order allowed the trustees until Dec. 29 to file a plan for trustees Plan— SEC company Oklahoma NaturaFGas Co.—Earnings— Operating revenues $0.68 par. 31, company's Philadelphia & Reading Coal & Iron Co.—SEC Op¬ poses 7% Company has been given permission by the Federal Power Commis¬ sion to sell its water and electric properties to the municipalities of prepaid expenses, profits Federal judges Three The The Ohio River Power Co.—To Sell eXcess Public Ledger, Inc.—Gets change its name to Pennsylvania Ry.—Cars Loaded— Pere Marquette The Co., Power Co., Erie Lighting Co., Hydro-Electric Corp., Logan Light, Heat & Power Co. Maryland Electric Power Corp., which are six operat¬ ing properties in the western part of Pennsylvania and Maryland. The program calls for the issuance and sale (through competitive bidding) bv Pen"-vivania - Electric Co. of $32,500,000 of first mort¬ gage bonds and 34,000 shares ($100 par) cumulative preferred stock, the proceeds from which would be applied approximately as follows: $34,137.2V* to r^tee sU the outstanding long-term indebtedness of Pennsylvania Electric Co. and Erie Lighting Co. (excludes debt held by Central U. S. Utilties Co.) and to pay the bank loans of Pennsyl¬ vania Electric Co.; $300,000 for estimated expenses of consummating the proposed tren'-actions and refinancing; and $3,087,700 for con¬ struction expenditures. -/Y'Y :/Y' YYaYY v Centra) U. S. Tr-'MUes Co., a subsidiary in the Associated Gas & Electric Corp. holding company system, owns the 856,873 shares of no par value common stock of Pennsylvania Electric Co. presently River Aug. The subsidiary in the system) of Solar Electric Sheet capital stock ($1 part. paid-in surplus, $210,000; surplus arising from appraisal, earned surplus, $241,125; total, $1,039,025.—V. 154, p. 1193. and Pennsylvania Sugar Co. transfer, current net $1; formulae; Liabilities—Accounts stock, Sugar ; all of stock of Pennsylvania Alcohol Corp. of Pennsylvania present of share each .Y.'; shares of capital stock, $1 1941Y ; Assets—Cash, $105,588; accounts receivable—trade (net), $93,236; FupoUes, and; mst(»rteis, $484,247; weder'** "**d State excise stamps, $9,138; advances to growers and vendors, $7,621; miscellaneous accounts receivable, $1,559; fixed assets (net), $315,609; brands, trade markk of exchange paid __v___— share 250,000 Balance year in 128,858 $168,827 75.000 ^Earnings per ■ Associated outstanding. $297,685 profit Dividends on and distribution of all its assets to the stockholders arid finally formation of a new Pennsylvania Sugar Co., all cf whose common stock will be held bv National Sugar Refining Co. The latter has agreed to invest $1.375 000 in cash in the new company. . Upon consummation of the plan, present stockholders of Penn¬ company Youghiogheny and 9,936 ; profit before income taxes Federal Income and excess profits taxes also was filed in connection with the merger into Pennsylvania Electric Co. (a Associated Gas & Electric Corp. holding company proposed Clarion Co. Sugar porate changes which Corn. Co. Utilties NJ PA ; income Other proved— now garding the proposed sale NY $287,749 Net Corp. of 320,879 general and administrative expenses Operating profit curities, &c.— the 529,042 $608,628 profit Selling, a $1,137,670 goods sold Gross The company has joined join in similarly 1941 (net) Cost of return for the year 1940 solidated will Sales $2,131,009 has been considered necessary for excess profit? Profits Tax Act of 1940, for the periods covered provision statement. this by $1,991,903 ■ under the Excess tax. 184.461 $773,343 s investments, receivable, interest operations Railway tax accruals. 126,749 taxes—Federal : 1940 1941 retirement of fixed capital $152,520; accrued Railway- opeiv. expenses . 819,802. income adjust, book values average ; Pittsburgh & Lake Erie RR—Earnings— SEC to With " _____— excess on Period Ended Nov. 30— .. . 12 Months Ended Sept. -30 (Incl. Subs.)-; ;_____ for based the? in liquidation, is , Operating income Interest ,1,686,529 surplus Capital share companies) Gross 2<^f.SOG 91.602 Reserves construction one from This company Maintenance 29,782 8.867 ____ 25,938 $588,883 expenses notes receivable, expenses and other $7;508;rfurniture and fixtures, $1; total," $8,750,946. Liabilities—Bank loan payable, $2,127,425; accounts payable, $9,479; accrued taxes and. other. expenses, estimated liability foxFederal income and defense taxes, $25,938; reserve for possible addi¬ tional taxes for prior years, $52,788; $3 convertible preferred stock, series A (par $10), $773,060; common stock (par $1), $833,769; capital surplus, $4,893,519; total, $8,750,946.—V. 154, p. 86^. (in¬ and $355,509.97 in previous period from associated value over deferred. items, Listing and Regis- operating revenues Other 82,239 Balance 3,700,000 _ Cr5,000 company and defense taxes__i____ profit Assets—Cash, Electricity and gas purchased for resale cluding -$435,431.85 in current period ■'on'^oo Contributions in aid of The Operating expenses clared income sale of sees, on $4,337; . Reserve Customers' Exchange.- 1941. Other 334% series rotes_i. / 700,000 payable, accrued payrolls, taxes, interest, &c.____ 304 066 to other affiliates —2-935 meter deposits stricken been 25, receive Earnings for to Consumers* Stock Nov. 12 Mos. End. Sept. 30— Provision for Accounts Due has York on Pennsylvania $2,015,32o ($15 par) Funded and long-term debt: First mortgage 414% bonds, series A stock 214% from 1269. p. Provision Liabilities— Common stock New of Net Aug. 31, 11)41 assets Deferred Profit subsidiary of the Pacific subsidiary of American Power & holding company in the Electric Bond & owned Simplify Structure—Would Issue $32,500,000 Bonds and 34,000 Shares of Preferred Stock—See NY PA NJ Utilities Co. " ' " - securities) associated : Railway 104,418 >=> $122,297 Balance Sheet, assets Other 79,395 from 5,569 * a Film Corp.- -Stricken dealings 154, and Deferred Charges— Current Oregon. wholly owned was wholly a stock, for each 10.3 shares of Pathe Film Corp., common stock.— mon recovered Excess 51,372 Dr355 ——:_ Condensed is and both in Portland, Ore., are ' 43.258 effect to proposed issue and sale of new (After giving Assets companies an common from 3,369 ; : Provision for Federal income merger Pathe from transfer and Interest Pacific to registration Amount 20 Dec. on Co. The —-— above as Forma Pro Utility ;Y, _____— income authorized & Light Co. intermediate system. ■' of the two companies was made contingent on a long list of conditions set forth by the commission.—V. 154, p. 1382. ; '; Co., Share V. & Chemical Co. Shore Coke North Adjustments 1 Co. North Shore Gas — — Reconciliation of net income per ' company which stockholders the period— for income Net conditionally properties of Inland Power tration— — deductions for Federal all in Washington and Inland Light $490,745 ■V Provision The company, 1,114 $357,896 income Income Commission Power of 6i849 expense Stock Light Co. & operate $489,630 — _______ Federal income taxes) (other than Taxes ; depreciation for Provision Power 327,986 260,594 production—___ operating expenses—operation _ Uncollectible transfer the Principal offices of both Operating expenses—mfd. Other Federal The 12 Months $1,044,957 1941— Ended Aug. 31, Period Office Other services . 40.138,682 \ $1,832,813 639 915 $1,811,291 $1,192,898 $1,370,148 4^1.143 $24 •te n«8 $17.539 841 8.738 356 175 077. °7,101 1.024.428 Dr4.048-. Crl 014 Dr3 967 $1,012,873 1. 5 002,198 $15,943 74? $12,537,643 * 679,368 Cr35.039 $1,274,061 $14,915,347 $11,893,314 THE COMMERCIAL & FINANCIAL CHRONICLE Volume 154 " Number 4026 Reynolds Spring: Co.-~No Action The directors st8ck. mon made, ' It action no it paid. "• uncertainties that advisable the for the facing to company possible future contingencies.—V. Ritter 1416. 154, p. completed Dental Manufacturing Co., below. Inc., issue ment on the July on Oct. 1, stock common the extra 40 Law.—V. 93, weekly Distributed Provision for Provision for depreciation _ Chattahoochee declared 19 The the 1940 $900,221 100,767 95,038 90,989 Other of Dec. on the on also 19 original $2,409,308 record company no March 20, of Other deductions Federal, and inc. 27,898 r 6% cents to Trade notes and accounts. receivablea-i_^—— Inventories Other S. i.175,173 . 35,204 . plant and 1,655,175 200,000 22,663 72,094 equipment— Treasury notes Canadian Deferred Victory charges : bonds 54,920 share were made , this issue on total of 45 a June for of Total income •After ' 1941 1940 Advances Sundry Liabilities-y-, Notes , payable to payable " ». 130,449 3,602 260,000 ' Fed., Domin. and provincial (est.l income taxes Reserves——— JPreferred stock 1 -—— SCommon stock $2.54 shares 300,000 abandons The cash new • $3,094,824; will plan firms in that differ of will the be Springfield * City (Mo.) thorized— for 162,275 65,993 41,467 22,514 income security and 53,450 Federal company Dec. on Commission for future in 1956. Proceeds improvements bution made will at "no for cnarge Issue Au¬ Cp.—Bond . p. authorized used be the 151, system.—V. pumping for for reserve Oil and station the company the on city Decision— * . Pacific Railway—Earnings— Period Ended Nov. 30— Jt. fac. Net rents ry. Other 1941—Month—1940 $3,096,318 1,675,950 310,108 151,486 99,278 78,906 Miscel. 17,109,718 1,682,182 937,525 Cr26,362 14,094 $4,432,914 $4,954,032 40,751 180,776 $6,171,599 412,589 $720,436 income $659,058 $6,584,188 $478,282 $679,685 3,004 : 521,118 45,456 46,948 320,548 322,509 3,528.942 3,542,993 $396,950 $333,545 $3,009,790 $1,364,091 deductions 2,938 charges Net 19,417,601 2,947,012 979,573 Cr 1,510 Cr3,906 (net) oper. income Fixed 1941—11 Mos.—1940 $2,383,114 $29,489,423 $24,176,433 2,011,153 Total income income —'V.^154, p. . 1306 Textiles, Inc.—Dividends— The directors the on Reserves June Court • declared a quarterly dividend of 10 cents per stock, payable Dec. 31 to holders of record Dec. have common auarterly dividend of 25 cents per share on the preferred stock, payable Jan. 1 to holders of record .Dec. 24. A distribution of 10 cents per share was also made on the common and a Oct. on 15, 154, See V. last. 439. p. Thompson Products, Inc.—New Treasurer— - James & * $974,744 depreciation of $238,296 in 1941 and $221,256 in of $27,800 in 1941 and $16,116 in 1940.—V. 154, Operating revenues Operating expenses Railway tax accrualsEquip. rentals (net)„_ for distri¬ 2208. of Indiana Co. 3,583 47,014 1194. Texas & H. Coolidge, will Co., after Standard ______ 107,713 reserve tAfter by reimburse to 8,571 172,124 10,000 11,791 due Water was inventory loss red. of pfd. stock— $1,117,634 •After the Missouri Public $262,000 first mortgage V/n bonds, matur¬ 10 taxes 172,124 possible ___ • issue to 18,918 Total 1940. stock The Service ing • $517,194 160,450 sundry accruals— miscellaneous taxes and appropriation 20, .. surplus—.———I—____________ Earned surplus i, .•_> Treasury.stock (at cost)— Dividends payable on preferred stock——— $517,194 stock surplus common methods from payment 7,905 $974,744 stock payable Earned 1496. which 2,596 2,751 203,051 5,962 Capital surplus $510,904 $1.53 $816,477 $2.59 policy, 140,502 2,147 $1,117,634 Reserve • used by most other immediately after the customer's receipt and inspection of the merchandise and not at the time the order is mailed in. The company will retain its policy of riot accepting orders under $5.—V. 154, p. 1496. 567 603 567,603 1,435,243 696,081 Drl,951 Drl.95l 37,804 J. \ | Capital receivable charges Reserve 109,500 tOn 162,173 205,460 1,353 8,854 ____ Liabilities— p. sales new mail-order 25,708 1,320 41,345 12,617 10,746 443 238,485 companies ____________— drafts 7,164 41,345 12,777 company— receivable Common 4,825 435,000 1,215,000 >; Spiegel, Inc.—To Adopt New Sales Policy— $800,000 N-- $300,000 530,738 ; 202,626 101,382 23.495 1,285,177 127.350 328,214 21.065 1,009,200 1,009,200 ; -149,355 149,355 —__ taxes— 7,702 subsidiary — A subsid¬ foreign selling owned 0 . banks, Accounts Accrued wholly-owned stock Deferred $625,229 depreciation. 1940 $152,835 230,617 219,376 etc.—— receivable share , equipment, Cash 31,208 125,000 $66,016 220,018 Notes $594,021 tax— and $47,014 $152,835 and in to Foreign 1939 $828,746 p. $49,275 8,480 ______ $107,713 investments Social $1,080,079 ______ 1941 mach. Accounts 22,417 share— 154, — Balance Sheet, June 30 ■ iary company Investment in partly 30 $1,057,662 etc.! plants, 1,407 ' ______— •Bldgs., 26. tax.— profits expenses stock.—V. ___— '. $6,242,766 —— Land regular quarterly dividend of $1.75 stock, par $100, payable Jan. 10 to contingencies excess 8,016 June 30 , cents per share in 1941, $2,734,195 defense 6,858 the preferred Dec. 19,735 ______ to 1939— June. tAccounts 39,725 Net profit fEarnings per _ _. to Treasury on ; V" . 11,981 Total declared income Federal ' ■■ • 126,438 $76,060 10,044 December, Investment . 2,687,454 ___________________________ assets •Property, U. $395,003 ___ 66,016 $76,471 7,462 Assets— 15, 1939, credit plan" heretofore used on alt merchandise sold, will be made effective by company on Jan. 18, 1942. The new spring and summer catalog, which will be available at that time, will list prices on a cash basis ' and will provide a "small" carrying charge for credit orders, i; Announcement 1940 of the new policy was made Dec. 19 by Modie > $231,298,: Spiegel, Jr., President, in his annual year-end address to employees. He said that < i; B78.814«, because of changed conditions the management "felt .1,190,917; obliged to correct a situation which in time could prove to be contrary to the best interests of the company and even to the national pro¬ 21,214 gram." . ,946,873* . 1941 > , 1 tax, Earned surp., •Loss. cents per 25 $2,694,470 Federal Balance Sheet, Aug. "31 Consolidated ; , of 300,000 Assets— sales dividend of 25 cents per share" on holders of record Dec. 13. Dis¬ income Amort, • , 49,275 $76,017 12,257 for red. of pfd. stockfor N. Y. City 1940. 1% record a stock per in have the on of Provision profit Cash transferred Surplus $814,770 $443,598 Dividends on preferred stock 75,608 'Provision for post-emergency plant rearrangement, adjustments, etc. Note—The net profit shown above includes $65,149 in 1941 and $24,801 in 1940 for the Canadian subsidiary, representing that sub¬ sidiary's net profit for the fiscal year, less charge resulting from:: reduction of assets (except property, plant and equipment, and deferred charges!, and liabilities to rate of exchange in effect At; Aug. 31, 1941, and 1940, respectively. 47,014 $137,440 9,730 surplus appropriations annually.—V. 154, p. 1600. paid 24 common cents directors Other 130,726 1,293,568 l,08i Prov. Spicer Manufacturing Corp. (& Subs.)—Earnings— excess charge •Special Net provincial taxes profits —<<4 *$51,461 266 stock common Preferred $629,245 $2,436,236 on Amount 15,818 — Dominion, the Gulf Fla„ Joe, St. a special dividend of 25 cents stock, payable April 15, 1942, to A similar special dividend was 1942. last, which makes 25 share per 10 Sept. 30, against Total __ $10,190 415 sale of non-oper. prop. Divs. This stock participates fully with the common over Dec. on value par holders $613,427 26,928 income— At¬ near declared preferred _—__ income Total Port dividend extra 3 Months Ended Nov. 30— 68,639 amortization... Operating profit from runs an ♦Profit * Terminal joint operation of a Southern Franklin Process Co.—25-Cent Dividend— The , 1938 $26,328 538 surplus Divs. on pfd. Stock— Non-recurring loss on Inventories as 1941 $2,971,885 184,126 200,892 108,921 Texes, except taxes on income____u_i_—i—_~ the 15, 1940, and extras of 25 cents each on Feb. 1938. 15, tributions repairs——,——. Dec. on paid on April 15, 1941. Stock in any payments (& Subs.)—Earnings— profit and Feb. holders salaried Years Ended Aug. 31— Maintenance 1939 1940 $8J,887 Total first the regular quarterly dividend of 37!/2 cents per share on stock, both payable Feb. 15 to holders of record Jan. 20. 25 cents was paid on this issue on Feb. 15, 1941; one of of share and Operating and year the The directors 800. p. Robbins & Myers, Inc. this cents on Feb. and employees of this com¬ pany, as the result of an injunction entered in U. S. District Court, Brooklyn, N. Y., restraining the concern from further violation of the overtime and record keeping provisions of the Wage and Hour 159 to directors and common An unexpected Christmas bonus, in the form of $43,028.26 in back owed to them under the Federal Wage and Hour Law, was dis¬ 24 in share 23 An Dec. 1941 ' co._ surplus, begin¬ of period___;— ning Southern California Edison Co., Ltd.—Extra Dividend ' on Canad.an 1934, also 25 Robins Dry Dock & Repair Co.—Back Pay Earned petroleum products the Southeast—was dedicated and opened for continuous oper¬ The Dec. on world 456-mile, all-welded steel line is Corp. and The Pure Oil Co., and per tributed Swan-Finch Oil Corp.—EarningsYears End. June 30— Net profit for year_____ the Gulf Coast, to the outskirts of Chattanooga, Tenn., and passes through the environs of the following principal cities of Georgia: Bainbridge, Albany, Americus, Atacon, Griffin, Atlanta and Rome.— V. 154, p. 1600. approved the proposed retirement and savings pian for employees, under which the company will match dollar for dollar the contributions made by employees. Effective at the close of business on Dec. 31, 1941, the company will merge with Ritter Co., Inc.. a subsidiary, and change its name to that of the subsidiary.—V. 154, p. 1496. : pay shared in the each employe, to 1496. on Approved— stoouiolders the The and Dec. 16, last. The previous pay¬ cents, made on Dec. 24, 1937. 1 was in ation at a ceremony held at lanta, Ga., it is announced. Merge With Parent Company— year-end dividend of 25 cents per share was paid on the common stock Dec. 29 to holders of record Dec. 24. A like amount was paid > week a paid was p, Southeastern Pipe Line Co.—New Line Dedicated— Ritter Dental Mfg. Co., Inc.—Year-End Div. The $60 bonus Gasoline began to flow into the Southeast by pipe line for the first on Dec. 19 as the new Southeastern Pipe Line—largest pipe line A Plan less than of $15 were a time conserve Oil this year Profits., line V Ritter Co., Inc.—To on earnings Last regardless of length of service.—V. 154, V automobile parts busi¬ cash to meet also was stated made See whose distribution. the com¬ dividend on a employes Common Div.—- on on Sept. 18, last, a payment of 25 cents per share was was the first distribution made since Sept. 29, 1937, cents was ness took 19 On which when 25 Dec. on 1731 the become first Vice-President Executive Thompson of Treasurer the of of McDonald-Coolidge Inc., shortly Products, it is announced. \ ; He takes over the position formerly held by J. D. Wright, who was recently elected; Vice-President and General Manager of Thompson Aircraft Products Co., wholly-owned subsidiary of Thompson Products. year, , ' Total $6,242,766 -$3,094,824. —— •After of reserve $37,306 in and 1941 in $27 306 tAfter 1940. depreciation of $763,794 in 1941 and $621,624 in 1940. tRepresentecf by 100,920 no par shares. SRepresented by 149,355 no par shares. "Represented by 110 shares of preferred stock and 1,650 shares of common stock.—V. 154. p. 662. St. Joseph Light, Ry.j Heat Power Co. & — Bonds Called— total A 1, 1947, of $36,000 been have of first called mortgage for payment bonds, Feb. 4'/2% 1, 140 •" • ' -v—*. ; ' ; •" series, due Dec. at par and int. 1942, w 11 be made at the Guaranty Trust Broadway. N. Y. City.—V. 152, p. 4137. Co., Payment trustee, corporate The $1.25 with pares declared dividend a per share 20 and Aug. Mav 20. paid on 20, Nov. of $1 share per last; 1940, 20, bonus employees to 1703. p. of this corporation, it is directors have made was Serve!, Inc.—Earnings— — share per ——:—v 1940 $2,737,603 $1.53 $2,969,976 ' $1.67 for share, v. the p. with $684,421, corresponding quarter of the as compared ii4i. 153, $2,926,265 $1.62 ended OH. 31, a share on the ;39 cents a common previous fiscal year.— The revenues income after $219,371 tirement —V. 154, accruals res, jjet income . .■ $198,766 1941—12 Mos.—1940 $2,506,886 • special stock Dec. 77,798 818 116 838 942 61,939 66,495 721,394 703,710 Strapping dividend of 50 27 to holders Co.—50-Cent cents per share was of record Dec. 26. Special paid the on 15, July the per similar on . Joseph Eliff C. 152, p. 2411. dividend a 8% record $2 of cumulative of account Jan. Elec¬ The last regular quarterly employes of this company Diehl Manufacturing Co. received bonus payments. Piece in workers, and The Dec. p. of share on account stock, par $25, per preferred This 31. Dec. payment will 12 months ended April 30, accumulations, 1941.—V. 15, George 870. day employes N. workers J„ on and of its 24 salaried Dec. directors 30 to declared have holders of record per share 28, debts recovered-- 22,256 — 15,404 —— —— —— buildings operations of on $49,351 —____ 149,868 ____ Total General $236,879 income and corporate expense 10-year 3% on 193,447 notes— for — 70,500 342,120 depreciation Operating loss $369,189 — including Assets—Cash receivable 153. p. and 1941. made on the one $2 of L.. per 254. have Meyer been elected •; , on (net), hand and $37,743; Vice- $125,544; banks, in real estate, ''O, 1940 Properties, Tishman buildings Inc.) accounts and and leaseholds notes (net), mortgage receivable, $6,000; mortgage receivable of whollyowned company, $12,300; investment in and advances to partly-owned $4,221,165; in investment $89,575; Liabilities—Accounts 3% notes, $17,625; payable, Tishman Properties, Inc., $2,243; deferred operating $87,512; accruM interest on $1; de¬ charges, 10-year accrued taxes, wages, etc., $20,520; accrued interest payable and accrued real estate taxes (less deposits), $387,176; agency account payable, $18,070; rents received in advance and deposits payable, $46,388; deferred account payable, $60,000; de¬ ferred interest payable, $59,393; 10-year 3c/o notes, $2,350,000; capital stock (400,000 no par shares), $400,000; capital surplus, $1,152,032; mortgages on $4,588,716.—V. 149, p. 4187. Triumph Explosives, Inc.—Stock Purchase Warrants— & Co. (members of New York Stock Exchange), New York, security dealers that the stock purchase warrants, series of expired on Dec. 15, 1941. Any such warrants not exercised by that date are forfeited as no extension has been made. All the options Duryea : Dividend— dividend 22. of This $2 on Dec. 30, $2.50 per share, compares with payable 50 cents 1940, and 50 cents on June 1940.—V. 153, p. 255. on July 2, last; a Dec. 1938, outstanding by the company since 1938 have been exercised. There remain, therefore; only the stock purchase warrants, series of 1939, exercisable until Nov. 9, 1943, at $5.25 per share, still out¬ standing. .v Comparative Sales and Profits Technicolor, Inc.—25-Cent Dividend— Dec. 2,400 Elizabeth, Bad 30, 1940 Inc. I advise A the Properties, Tishman posits, $23,282; prepaid interest, $69,864; total, $4,588,716. Corp.—New Vice-Presidents— and 154, including Miscellaneous Interest distribution of $1 per share was a on made was Construction Co., Inc. (& Subs.)— Earnings for the Year Ended Sept. (Not holders to 1941, ?tock, Presidents.—V. Div. common Singer Mfg. Co.—Bonus To Employees— thousand 1272. (Not Co. declared on 15 Jan. Stewart-Warner _ affiliate, p. Tishman Realty & total, $2,249,372 payment on this issue of 25 cents per share was made on Nov. 10. last. On Nov. 4. 1941, the company paid a 5% stock dividend on the shares.—V. 154, p.. 1103. ; ;; ; Six cents A ' common . 40 20. 1600. Sigiiode r Steel 154, usual Submarine Signal Co.—$2.50 A of Dec. . 70.344 _____ p. bers.—V. Consolidated Balance Sheet, Sept. have directors The board now consists of 13 mem¬ retiring directors were reelected. May 24. 1941.—V. dividend 29 March 50 of 25 holders cents of 18, on June 15, 1940; paid share was per record 40 on 4 Mos. End. the common Year Ended Nov. 30,'41 Net sales last, and on Nov. 15, 1940. as against on Dec. 28. 1939; 25 cents on Net July 31,'41 $2,048,958 stock on $3,081,443 393,938 342,240 profits, incl. divs. received and before pro¬ Dec. 31, June 30 and Sept. 30, cents Oct. to 22. A ; stockholders at the adjourned annual meeting held this week; the following directors, George N. Armsby, Peter W. Eller,. M. Duryea and William M. Flook, three of which succeeded retiring directors and the fourth fills a vacancy on the board. Other The elected William company, preferred . 15, v' > Thompson-Starrett Co., Inc.—New Directors— Profit the cumulative dividend for the cover re- record Stetson Co.—Accumulated Dividend— accumulations payable share Gross of 3217. of Sierra Pacific Power Co.—Earnings— Operating dividend extra an holders to declared the PA NJ Utilities (John B.) or 1941—Month—1940 on paid of Assoc;ated Electric Co. 4.V2r/o gold bonds, refund'ng due 1956, now owned by it, to NY PA NJ Utilities Co.—V. 150, series, A Period Ended Nov, 30— Dec. on NY On ; 26 stock Corporation, subsidiary of New York State Electric & Gas Corp. indirect subsidiary of NY PA NJ Utilities Co., proposes to sell Earnings for the fourth quarter of the fiscal year net profit was $389,545, equivalent to 22 cents stock, 154, p. 1272. Income—Commissions $3,015,000 tOn 1,781,426 shares of 1941, common Wright will also continue as Secretary of Thompson Products, Mr. Inc.—V. Acid Works—Pays Phosphate & and 1939 p. 'After Federal taxes and all other charges. common stock. , Inc. which Staten Island Edison Corp.—To Sell Associated • . 1941 profit fEarnings State a Rosenman tric Co. Bonds— - • , Year Ended Oct. 31— ♦Net I. Provision See ' reversed quarterly dividend of 40 cents per share on the common stock, payable March 14, 1942, to holders of record March 5, 1942. The last regular quarterly payment at this rate announced. ♦. Dec. on common distributed was The 25 Approximately $150,000 in U. S. Defense Bonds was distributed as a 154, the on extra on and Schenley Distillers Corp.—Christmas Bonus— —V. York New 19 Samuel Wholesale company share com¬ cents each 25 Nov. on This The the on qents in each of the three preceding quarters—V. 154, p, 662. Christmas Justice the An Extra Dividend of 40 Cents— 20, $1.25 1°41; by of Dec. Consolidated stock, payable Dec. 30 to holders of record Dec. 26. common Feb. have directors June Division decision two to Standard "y;* ■ Saco-Loweli Shops—$1 Dividend— ! Supreme Court by judgment handed down awarded approxi¬ mately $200,000,000 to the plaintiffs in a derivative accounting suit brought by minority stockholders of Pan American Petroleum & Trans¬ port Co. against the Standard Oil Co. of Indiana and six directors of Pan American. The higher court also dismissed the complaint. The suit was instituted by Jacob Blaustein and others and charged the defendants with conspiracy to defraud, waste, negligence and breach of trust. All of the claims except the last had been dismissed after a trial lasting several months by Judge Rosenman. The split decision of the Appellate Division permits the plaintiffs to carry the appeal to the State Court of Appeals.—V. 154, p. 1007. Appellate three last for reserves The - a like amount was cents 1939, and 35 cents on July 17, 1939.—V. 153, p. 408. paid vision —V. 154, for p. ir^nie 1152. taxes- -— THE COMMERCIAL St FINANCIAL CHRONICLE 1732 Union Pacific RR.—Earnings— (And C operating Net from revenue 5,606,589 5,784,801 50,418,750 998,795 16,914,196 13,463,517 975,864 852,884 8,956,314 Total 7Net 24,548,240 ♦981,129 10,351,991 ♦4,914,251 ♦1,195,951 34,900,231 ♦29,128,631 1,343,782 13,029,099 ♦14,031,092 4,673,691 3,718,300 21,871,132 Crl,467,500 Crl72,101 2,506,742 v 4,768,706 income — 7" Notes—(1) It income. 1940 td report Nov; 30, of 1941.—V. International 154, • * 'fi-uir}.'",, V,«*••• The * Chemical Corp. & is pany Tognazzini, wholly now $1,355,325 See 107,092 108,225 110,477 20,625 22,500 22,500 22,500 426,324 372,775 245,302 exch. Drll,604 Dr33,552 of 7 v/::: years' prior debt of free and 26 (& Subs.)—Earns Circuit, Inc. 1941 1940 $556,239 $573,632 84,055 93,351 Aug. 31— _ - __ _. Deprec. & amort, of theatre leaseholds, bldgs. & 152,562 cost of of investments subsidiary and in affiliated companies 72,007 a ___ Write-off of option Provision for Federal income taxes 3,697 3,026 discount and expense bond Amortization of 158,901 73.154 in 100,000 — 53,078 80,535 - $62,907 net v'■ / ' J ■ " ■■■ 237,217 ■ —— $341,225 301,700 263,435 27,409 4,804 27,881 5,432 7,500 301,714 — — $350,827 $382,105 in cash; stock stock 301.715 301,715 V —— 140,258 374,000 $0.13 i.—— par) Earns com.. on 374,000 $0.10 374,000 Nil j: sh. per 374.000 $0.21 Consolidated Balance Sheet as of Oct, 31 (Inc. Subs.) ' 1941 1940 $1,643,086 $1,762,884 Marketable securities 368,871 308,779 ♦Accounts and notes receivable i 156,782 162,035 depreciation, amortization, provision for Federal in¬ ♦Before interest, of affiliated companies less than 100% owned). tLess proportion of net losses of affiliated companies less than 100% owned (exclusive of proportion of profits taxes come proportion (including profits of above). included Liabilities— Accrued expenses : Long-term indebtedness Equity of minority interests in subsidiaries.—_ {Preferred stock stock Common par) ($1 Earned Paid-in —-— surplus surplus — held stock by instalments due within one year, $68,637; dividend payable on preferred stock, $29,149; long-term debt, $1,573,160; de¬ ferred credit arising from release of rent guarantee, $37,275; reserve for contingencies, $100,000; 5% cumulative preferred stock, $2,331,900; common stock (600,000 shares, without par value), $500,000; capital (Conn.)—Dividend United Gas & Electric Corp. cents 60 153, declared have directors payable Dec. 30 Total for reserve Waldorf System, Inc.—To Retire directors The debt of loan of 23 Dec. on the bv §175.000 paid on 14, 1940.— to 6 7* the open in time 6Va% and granted permission by the SEC to purchase market, up to Jan. 31. 1942, $1,500,000 and the assumed 6% debentures of been has company time its of debentures Light & Railways Co. at prices not exceeding principal amount than 957? of par.—V. 154, p. 1497. United less nor United Corp.—Registration Sus¬ Molybdenum States pended— SEC on Dec. The . of in deficiencies stop order suspending the effectiveness a filed (2-3925) because by the company, supplied.—V/ 148, information of 600. p. Reclaiming Co.—$2 Rubber S. U. issued 20 statement registration Prior Pref. Div.— of accumulations on the paid Dec. 27 to holders of record Dec. 23. Distributions of 50 cents each were made on this issue on April 15, July 15 and Oct. 15, last. Arrearages on the prior preference stock at Oct. 15,, 1941, amounted to $10.50 per share,— V. 154, p. 696. 1 , of dividend A 87? $2 share per stock, preference prior on account $25. par Control of Consolidatedcompany has concluded the formal purchase of a controlling interest Aircraft Consolidated Corp., amounting Major Reuben H. Fleet and others. Concurrently managements of the two 440,000 to companies shares from been have re¬ purchase Major Fleet ha*, re¬ signed as President and director of Consolidated, but will contmue in an advisory capacity. T. M. Girdler, Chairman of Republic SUrel, has organized. With named been of consummation has been and of Chairman Consolidated. Richard the President Millar, W. of C. T. S. R. manship Other 154, p. to has board Board succeed been Executive President board Major named members will R. S. L. I. Pruitt, board Officer placed also of that Mr. company. Vice-President. Hartmeyer, V. C. J. The Mason Schorlemmer other ager, • E. 154, The C. Mc- Crirdler as Mr. Millar the chair¬ members of Houghland. William and H. Dalsell Wilson. 1601. succeeding each Co.—Amendments—Plan— C. h*s H. been appointed Stinson, General Freight Traffic Man¬ retired.—V. 154, p. 1704. 277,842 3,078,279 $4,861,968 3,063,362 $103,936 $206,548 $2,438,763 $1,798,606 ; thereafter. Another amendment to to 12, would Co. — Utilities Plan announced Commission Power Falls Power * Co., operating all of proposed United the orders of the U. utilities The application said stronger and better able increase no that to rates.—V. in their consolidated the the serve 142, and tion • so of The Inc., to poses, •1 v cancel any Hall of the board of directors from America—Surrender of Bonds— District Court for the Eastern Dis¬ as on provided in the amended plan of reorganiza¬ confirmed by the court on Aug. 18, 1936. authorize and direct Webster Hall Hotel, Corp., court Dec. also 31. 1941. and to consider of the shares of common stock of t. J-'I . i-\ '• bebe Western Union Telegraph Co., Inc.—House Group Ap¬ Wire Communications Bill— proves The House Interstate and Foreign Commerce Committee giving President Roosevelt power to take proved legislation communications, The not or than six months earlier date an It provides due provides that the President measure longer after after may exercise termination the of has the authority state a ap¬ wire over of war set by Congress through concurrent resolution. be given just compensation arrived at through that owners of law. process In general the bill gives the President the same telegraph and telephone communications that he now communications. It authority has over radio over enough, members of the Committee said, to permit the government to take over the newspaper teletype and other communications if the need arises. The Defense Communications Board also announced that it will1 collaborate needed with by all the OPM in 154, arranging for the materials 1634. p. Co.—Earnings— before 1941 &c. 1940: 1939 1938 ;; de¬ taxes, income, preciation, broad FCC and services.—V. wire Wico Electric Net be to appears $221,953 $176,246 $188,127 38,829 42,804 9,025 8,900 $88,601 * Depreciation 41,588 Development State and Fed. taxes security 6.550 3,750 2,400 2,100 2,000 25,914 taxes 18,534 17,696 11,503 sale on ~ 10,562 capital stock tax Social 35,045 5,908 expense local 8,450 — 12,188 Painting and rearrange¬ ment of plant-— Obsolete portion of assembly written Federal off—; income Surtax 5,609 re¬ build¬ 2.984 tax 30,500 16,600 21,000 3,200 $95,280 $78,670 $95,627 $20,210 undistributed on profits Net 1,500 inc. Divs. for the pref. on year stocks-— 14,700 dividends value of 14,700 42,100 net current assets of 11,850 14,700 42,100 the London 30,000 branch at as June 30, tOf London Southern mortgage surrendered, Webster orders there £25,000 con- increase S. would would company customers, 612. p. pound sterling. Division, the holders of PittsburghWebster Hall Hotel sinking fund 6% coupon gold bonds, issued by Webster Hall Corp. of America, were ordered and directed to surrender, prior to Dec. 31, 1941, to Peoples-Pittsburgh Trust Co, of Pittsburgh, as agent of the trustee of Webster Hall Corp. in reorganization proceedings, or to the trustee under the indenture securing the bonds for the accounts of such agent, their bonds, with June 1, 1931, and subsequent coupons attached, against delivery to such holders of bonds of certificates representing one share of the common stock of Webster Hall Hotel, Inc.- (Pa.), with respect to each $100 of Michigan, Turners' facilities. Western Massachusetts Electric Co. as the surviving company, pro¬ poses to acquire all the assets and property of each of the other three. It would assume all their obligations and issue to the stock¬ holders of each of the three companies stock of the Western Massa-> chusetts company having an aggregate par value equal to the stock of the companies to be replaced. of from rate of $4.87 to $4.03 Balance to the Sheet June 30 Assets— Uncompleted cash surrender notes 26.653 173,561 )' value receivable, trade manufacturing orders branch net assets, Accounts receivable, Tool production costs, and and Plant other equipment Deferred charges Patents, sold 23,993 168,327 268,356 18,454 .* —; 100,625 395 „— models— new 17,715 (net) 329,734 i_ rights, goodwill experimental 320,536 31,288 patent and ment 4.978 392.800 and Inventories London . as void for all pur¬ Webster Hall Hotel, Inc., .7 -ft . \ < $90,126 4,291 investments insurance, Accounts 1940 $37,141 ; : Marketable Life yy 1941 Cash 17,892 develop¬ 1 Liabilities— '■ Accounts Federal $94,614 Social security and 45,775 .;. tax ^ 30,500 cum. class A preference stock stock and surplus 6.253 17,334 capital stock. State and local taxes Deposits on uncompleted orders —a——; 6%. 619 18,152 Federal ♦Common 6,915 1,635 —„ accrued wages 16,600 12,143 taxes Miscellaneous accounts payable Salaries $49,985 "" , payable income $912,119 trade payable, Dividends 1 $1,114,549 — 13,695 ■' 6,280 245,000 643,115 — 573,051 $1,114,549 Yazoo The & ICC Mississippi 10 Dec. on Valley issued .—i 245,000 (par $20) i.—V. of received Light Co. and Pittsfield in Massachusetts, for' Electric electric merger of which Webster Hall Corp. of had Electric Co., 1940, would be the last to expire. suggested amendment the reorganization present company instead of organizing is understood to be dictated by the tax laws inasmuch as organization of a new company woud involve the loss of some $5,000,000 of invested capital for tax purposes. , ■ It is expected that immediately upon consummation of the plait the following will serve as directors:, for three-year terms, Fred J. Young, Cecil P. Stewart, Gerard M. Dahl, C. Oliver Wellington, Louis J. Hunter, Henry A. Wentworth; for two-year terms: Charles R. Gow, William L. Kirkland, Roy W. Price; for one-year terms: Ralph L. Warren, Clarence L. Newton and William H. Pihlcrantz.—V. 154, p, 697, Under it 20 Dec. Massachusetts Western Electric & Co., approval from branch net assets at May 31. 1941, based cn the price of verted to dollars at rate of $4,025 to the pound sterling. originally by the bondholders By the provisions of another would be effected through the a new company. This change trict 120,050 reorganization the six would be elepted by the bondholders, three by the management and three by the stockholders. The terms of three directors would expire each year, but the terms of those elected 8 y 101,410 Federal submitted to has amendments of $4,741,918 ■ application Electric ♦In year bonds Clarahan $5,517,042 10,866 $381,778 i—. Federal joint a built on Dec, company number 137,788 $483,122 276,574 ' 1272. p. . Judge Brewster at Boston plan, a hearing on which the court has scheduled for Jan.' 7 at Springfield, Mass. The most important amendment changes the method by which bondholders may exchange their* bonds for bonds of the Cuban government, Under the proposed change bondholders may make a direct exchange. for Cuban bonds without participating in the plan of reorganization, as originally provided. : ^ > This suggested change is dictated by tax considerations. As the tax base of the Cuban government bonds held by Warren Brothers Co. is about 50%%, a tax of nearly $500 a bond would normally apply on the reduction of Warran Bros. Co.'s own debt through issuing Cuban government bonds in exchange. By the terms of this amend¬ ment the tax is largely eliminated. Also, whereas the original reorganization plan provided that company bonds could be exchanged without limit as to amount, the new amendment limits exchanges to $1,500,000 for the first year, $500,000 the second year and $250,000 a ; $5,415,632 , charges ing Fleet Francis Wabash Ry.—New Freight Traffic Manager— Leo 139,810 185,650 >; $475,991 7,131 $370,912 ; ♦Adjustment is the balance of a 28 paid a dividend of $7 per share on the 7% prior preference stock to holders of record Dec. 22, thus clearing up all accumulations on this issue. A similar payment was made on March 14, 1941.—V. 152, p. 3362. Executive be and Mr. Woodhead has resigned Executive are Officer 12,776 • Chairman, D. G. Fleet, John Hertz, I. M. Laddon, Vultee the of Chief as become MeDuffie, —V. : to Vultee the C. and continue President, Executive Vultee L. B. Manning, Donald L. McDonnell William Pruitt, F. D. Schnacke and H. Dalsell Wftswq. Reorganization will Chief and formerly Consolidated, Vultee Callery, C. Coburn Darling, Chairman board Consolidated. of A. Leigh, of ,the Woodhead, Harry named Vice-President Duffie, This Co.—Clears Up All Accumulations— Waltham Watch was Vultee Aircraft, Inc.—Concludes Purchase Of In the year. 154, p. 1272. $300,000.—V. The Power Co.—To Buy Bonds— : income Common United Light & from Debt— the company's outstanding to retire voted close of 1144. p. $4,694,056 411,354 12,307 inc.. oper. income tLoss Warren Brothers The —$18,287,699 $19,967,447 — - doubtful accounts and notes, tAfter reserve for depreciation of $6,829,494 in 1941 and $6,535,852 in 1940, and excess of underlving book value at time of acquisition of equity in subsidiary companies over cost thereof (net) $145,391. {Represented by 440,000 no par shares.—V. 152, p. 695. ♦After The company on the common This compares $1.11 of dividend a to holders of record Dec. 24. cents on Dec. Sept. 20, last, and $5,144,088 10,499 Years Ended June 30—• appropriated earned surplus, $201,537; unappro¬ priated earned surplus, $1,103,372; total $7,291,836.—V. 152, p. 1145. • 4,652,500 374,000 59,966 $1,151,348; surplus, tfrt' Dr96,750 $84,810 763,651 7,180,000 3.571,989 9,000 subsidiaries, at cost shares, 1,697,533 $49,875 643.258 8,550,000 4.018,099 4,652.500 374.000 • 79,050 1,697,415 Dr96,750 payable debt long-term with 14,504,923 659,008 $18,287,699 $19,967,447 Total sundry receivables, $53,674; due from affili¬ each su'•render value of life insurance policies, investment security, $15,587; land, leaseholds, buildings and equipment, $3,009,243; investments in and advances to affiliated com¬ panies less than 100% owned, $2,380,165; equity in joint theatre operat¬ ing venture, $65,996; deferred charges, $931,400; total, $7,291,836. Liabilities—Accounts payable and sundry accruals,.,$57,761; real estate taxes accrued, $36,039; Federal income taxes accrued, $101,658; V. » 233.200 2,336,618 $618,021; $182,929; The &c. tProperty, plant and equipment charges and prepaid expenses Preferred ated companies. $;<4.dz0; stock, 349,569 778,484 14,469,080 521,827 : , Deferred Consolidated Balance Sheet Aug. 31,, 1941 Assets—Cash, - - Accounts y.—.—;'——v118,639 dividends Preferred $300,633 127,831 Cash Investments, $478,268 48,924 * Merger— "'Assets— Inventories $6,054,056 1,360,000 • .27,881 - 3,095 7,000 43,433 income 92,833 72,732 •ZiC7263,500. 263,500 .7 $282,617 Special charges ($1 2,320,000 Western Massachusetts Electric $770,586 > 86,487 9,461 Common ; , 84,505 ..77 7.7 $727,871 $729,188 ' $687,338 inc. tax. Preferred $7,464,088 150,000 $334,295 income Fixed —V. 5,004 Dividends paid $628,268 220,000 242,293 25,100 108,036 net income— income Net rwy. Gross $1,012,879 $976,608 $967,255 .7■•'■7.r-'.7.7,:7;7 247,421 239,383 Stockyards Corp. for Fed. $554,295 rentsdr———— Net 228,624 bonds of United Net 1,461,581 revenue facility Net ' . $915,961 costs therein Bonds dis. & exp. amort. Prov. $1,659,838 $20,804,223 $17,309,517 1,031,570 13,340,135 11,255,461 of income admin, expenses on ■ 1941—11 Mos.—1940 'I: 1941—Month—1940 >' $2,015,876 ;" ; | Ry.—Earnings— expenses>___ Net operating Taxes Joint Equity of United St'kyards Corp. in total & Corp; of America, Operating Net Gen. Hall revenues __—106,542 oper. holders $192,597 90,313 $153,221 undfstributed fJLdd proportion of Webster ,;i Period Ended Nov. 30—- , income excess . 3,671 Ci 27,032 Cr26,580 (net) Canadian inc. taxes, &c. reported that the com¬ other encumbrances.—V. 154, - Nov. on Interest of to With Hotel, Inc., such dividends shall be the absolute prop¬ Hall Hotel, Inc., free and discharged of all claims whomsoever.—V. 128, p. 906. ■, ■ Operating income—. Equipment rents—Cr._ adjust, United Stockyards Corp.— 10, United Artists Theatre Amort, lsued 209,468 Cr6,808 taxes. Equity of minority st'k- ■> Ended been accordance persons Western Maryland ( Years and Operating Shs. of com. stk. outstdg. ♦Net in 31, 1941, any dividends which may thereto¬ by Webster Hall Hotel, Inc., for payment on that, upon such payment into the treasury aside • .y^'Vnet.'inoome of subs. ; President, 664. p. $1,380,505 $l,411,632 82,110 inc. for sub. f 152, p. 988. last, paid a dividend of 30 cents per share on the capital stock to holders of record Dec. 1.', This was the first dividend since Dec. 27, 1937, when 25 cents was distributed, which compared with $1.50 on Dec. 26, 1936. Roland not have 1941, into tne treasury of Webster Issued In Reorganization of Former Company— for Fed., Canadian Total . above.—V. . Dec. on which pay Webster Hall Hotel, Inc., Pittsburgh—Securities To Be Other Chemical Co.—Control— . to settlement on income was Sugar Co.—Pays Dividend of 30-Cents—Clears company $l,570,089 int. Special charge Int. /' Union Hall Webster other Dec. on set stock bonds and 109,585 stock-contract. Adjust, 1601. p. Minerals Up Debt— ' •;< of all $1,245,740 128,767 subsidiaries Board Emergency Union Potash & See $1,251,739 138,951 ; « $3,773,526 2,527,786 ■, provision 1941, the Webster such prior to Dec; 31, said oruers Inc., been of bonds such ox unissued erty assets of Canadian on 410,304 , will not be liable for company \; November, In on of State & 15,097,539 made for increased wages, appointed by the President of the U. S. under Section 10 of the Railway Labor Act, and for Federal unemployment insurance and Federal retirement taxes thereon; similar provision was made in the 11 months ended Nov. 30, 1941, for increased wages and taxes thereon applicable to the period Sept. 1 (2) based 2,587,122 $1,431,139 &c. notes, Amort, Prov. ,v"'"''Vj''V ' '< estimated that the is of $3,760,211 2,508,473 103,588 before inc. leased profits taxes on 1941 income and is not liable for such taxes on excess of 414,622 2,815,250 paid inc. taxe3, &c. Int. paid on bonds and ' ' ' l' ' 799,194 771,173 412,786 - $1,308,044 income '. Prov. „ ^RCSfcRtCCT' '''' $4,018,261 income Net ♦9,634,761 : all from sources , $4,123,294 831,597 Hotel, have such 19,493,870 3,933,122 1,248,767 6,017,473 Net 811,263 .426,075 income oper. operating Other transp. sources $2,559,710 . 437,050 Hall fore Operating expenses : other provisions holders holders of tne 1938 $2,576,252 the to the 8,481,250 — * and issuable ,; , 1939 1940 $2,780,922 7 $2,854,647 (net) yard inc. v (Inc. Subs.) 31 41,438,637 Crl37,981 1941 Operating income— Yardage & weighing. Gross profit on sales V of feed & bedding. 7 facil. . from Sub. Oper Companies— 1941—11 Mos.—1940 152,50$2,360 Earnings for Years Ended Oct. Consolidated Other — Equip, and joint rents, net inc. \r ry. operations tTaxes Net '' 15,403,421 196,346,539 9,618,620 "145,927,789 111,063,723 19,414,658 revenues Report— y United Stockyards Corp.—Annual i> Lines) Leased 1941—Month—1940 Period Ended Nov. 30— Ry. All Tuesday, December 30, 1941 151, $912,119 p. 1916. RR.—Abandonment— certificate permitting abandonment by of a branch line of radroad. extending from Leland southerly to the end of the branch at Yerger, approxi¬ mately 16 miles, in Washington County, Miss,—V. 154, p. 1533. the a company easterly and Zenith Radio Corp.—Earnings— ^ 6 Mos. Ended Oct. 31— ♦Net profit ♦After Federal The taxes, income net Ffderal tax will share on , r. royalties, expenses 1940 for 6 months income amount to and ended excess t $377,696 but before? Oct. 31, 1941 after deducting taxes, ba^ed on existing $754,533, equal to $1.53 per profits approximately 492,464 shares of capital stock outstanding.—V. •'.<} 1939 $1,158,872 and depreciation, tax. profit estimated laws, 3941 $1,150,073 — excise . (I M I I ) *-.■ y :: I ' » ! t ■' 154, « * p. . 192, Volume 154 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4026 5 1733 STATE AND CITY DEPARTMENT BOND PROPOSALS AND NEGOTIATIONS ' ALABAMA Dec. Bond will Offering received be until noon Note Bond Jan. 15, by C. E. Armstrong, City Due Feb. on 1 under¬ petition for a manda¬ tory injunction against E. W. Vin¬ a son, as Mayor of the members of the city the above city, council and city clerk and recorder, was filed in Chancery Court at Bentonville on Dec. 16 by Walker follows: as Filed—We Suit stand that Comptroller, for the purchase of a $4,250,000 issue of industrial water works refunding and im¬ provement bonds. Interest rate is not to exceed 3%, payable F-A. Denom. $1,000. Dated Feb. 1, 1942. Ark. Rogers, on and bridge refunding bonds ag¬ gregating $600,000, were offered Stamford (Town of), Conn. V;- bonds. bids Sealed — CONNECTICUT for the $259,000 not to semi-ann. refunding 16, exceed 3V4% Birmingham, Ala, Offering—Hugh Oefinger, Treasurer, will receive Town sealed bids until for for sale the noon purchase Dec. 30 on discount at of $500,000 notes issued in anticipa¬ tion of taxes 1941-1942. for the Dated year Dec. 30, 1941 1942. Notes and payable June 15, will be authenticated ineness and fiscal to genu¬ as validity by the First $65,000 in 1945 to 1949, $90,000 in Bros., as trustees for the holders National Bank of Boston, unaer 1950 to 1954, $135,000 in 1#55 to of bonds issued by the city total¬ advice of Ropes, Gray, Best, Cool1958, $150,000 in 1959 to' 1962, ing $45,500 in 1928 and by T. J. idge & Rugg of Boston. and C. Walker, owners of bonds $200,000 in 1963 to 1965, $250,000 The petition asks in 1966 to 1971 and $235,000 in alleged unpaid. FLORIDA that the court require the collec¬ 1972, The city may, however, Auburndale, Fla. call the bonds for redemption in tion of a tax of five mills on the assessed valuation in the city in¬ No Tenders Received—J. Wiley whole, or in part, in the inverse order of their numbers on any in¬ stead of three and a half mills J ones, City Clerk, states that no terest payment date on or after until bonds and interest allegedly tenders were received on Dec. 22, Feb. 1, 1945, at a redemption price in default are paid, and as much of refunding bonds. The of par and accrued interest plus longer as may be necessary. suit recites that the city is in ar¬ Bay County (P. O. Panama City), a premium of 3% of the par value Fla. rears $2,000, that the bonds were thereof, by publication of a notice Bond Offering — Sealed bids of redemption not less than 30 and bought at a high premium and a will be received until 2 p.m. not more than 50 days prior to reduction in the interest rate of The bonds (CST), on Jan. 6, by H. A. Pledger, date of redemption in a news¬ 6% is not warranted. Clerk of the Board of County were issued to build and equip a paper published in the city and a Commissioners, for the purchase newspaper or financial journal city hall, fire station and police of the following coupon highway published in New York City which iheadquarters, and for purchasing refunding of 1941 bonds aggre¬ and equipping an athletic field regularly carries news of a finan¬ gating $1,919,000: and municipal park. cial nature. The bidder shall use $388,000 3% series A bonds. Due the lowest rate of interest at CALIFORNIA Aug. 1, as follows: $28,000 in which he will pay par or more for 1943 and 1944, $37,000 in California (State of) the bonds, expressed in a multi¬ 1945, $32,000 in 1946, $36,000 1941 Municipal Legislation—At ple of % of 1%. No split interest in 1947 and 1948, $40,000 in the In highest bidder for the bonds, the net in¬ terest cost to the city shall gov¬ determining the The bonds will ern. A. B. of convention the of 1949, A., the Municipal Se¬ following fornia for less than par plus accrued in¬ terest to date of delivery of the brief report on Due Aug. in the trade: terest to Senate No. Bill Trust ernor. Co., This and credit of the city, and by the taxing powers of the city heretofore, now or hereafter conferred upon it by law. quire, construct within and ducing Troy, Ala. $57,000 issue of improvement bonds was awarded on Dec. 15 to J. Mills prises through revenue to be are revenues of the be or term S^s, premium of $410.00, equal to a 100.719, according to report. ARIZONA 6%. Bond Sale—The $330,000 semirefunding bonds offered for sale on Dec. 23—v. 154 p. 1361— ann. purchased by Kirby L. VidCo. of Phoenix, as 3s at according to the State^ Treas¬ were par, urer. & Due on Jan. 15 in 1943 to and after Jan. 1962; optional on a life not 15, 1952. mutilated, destroyed, The Act also Arkansas Court (State of) Rulings on bonds Bonds—It is that decisions by the Arkansas Supreme Court in two cases originating in Russellville are expected to clear the way for reported proration of a maximum of $520,000 allotted by Act. No. 385 of 1941 for assistance of street dis¬ contrary bonds of $3,943,180. Current in¬ debtedness of the district amounts to $2,425,380. on ab¬ the the face of the bonds. Provision is also made for valida¬ tion of the issues through court procedure. San Bernardino County Road Imp. Dist. No. 38 (P. O. San tricts which have paved highway continuations. Preliminary allo¬ cations have been made by the State Treasurer and state high¬ way department. The state high¬ way department reports that the state has paid $3,276,524 to 121 districts which paved highway continuations by issuance of are provides that the to be negotiable instru¬ ments for all purposes in the sence of an express recital to no bids the above district, which has been in financial distress for a number of years, has been set for Jan. at 10 a.m., in the courthouse. The 5 received on after, at Demom. calls Dated Aug. 1, Prin. int. payable in lawful money Continental the at $1,000. Illinois bonds in the amount forego interest. Municipal Legislation—At recent I. B. A. of Fla., convention of the A., held in Hollywood, Municipal Securities the lature of trade, or general interest to of special the significance locally: The legislature of this State at 1941 session adopted several its of measures particular importance They are referred to to counties. below with brief Na- Senate Bill No. 321 increases in are form certified certain roads, since designated There are as excluded submission general to the election people in at the November, 1942. This amendment provides: For the earmarking for a period 50 years the two other from Jan. cents per motor fuel 1, 1943 of gallon gas and tax to dis¬ be tributed to the counties. ■ That the Board of Administra¬ bonds issued prior to July 1, 1931. That the Board in order to pre¬ funds pay the shall bonds available be refunded to which have been called for payment. All bids must be at not less than par and accrued interest to Feb. 1, be must unconditional, and must accompanied by a certified check for $50,000, payable to the Board of County Commissioners. be Board reserves or the right to part of the any bids to and bonds bonds otherwise sell the is provided by law. The to be accompanied by as De Soto County (P. O. Arcadia), Fla. of Bond Clerk county Sale—Mary of the Commissioners, Board A. Gwynn, of County states that the following coupon semi-ann. road by $15,000, a pay:- The bonds bidder through the First National Bank, Chicago, on January 9, ac¬ companied by the approving opin¬ ion of Chapman & Cutler of Chi¬ cago. The right is reserved to re¬ ject all sealed bids; whereupon the above bonds firm will auction the the to highest bidder at said auction, but only those bid¬ ders who be have filed sealed bids permitted to bid at said auction. GEORGIA Savannah, Ga. as administer bond road and such trustee road Bond taxes for all district Offering—P. J. McNa- mara, Clerk of Council, states that he will receive sealed bids until noon chase of on Jan. 9, for the pur¬ $30,000 2% coupon or registered semi-ann. National De¬ fense bonds. Dated Sept. 1, $1,000. Due Sept. $1,000 in 1951 to and $2,000 in 1961 to 1970. and int. payable at the 1941. 1, as Treasurer's office, or at the fiscal^ Denom. follows: depository York. of The authorized to be the bonds issue issued conferred upon Aldermen of of 1960, Prin. City city are of in New part of an $500,000, and under authority the Mayor and city by virtue paragraphs 1 and 2, Section 7, the Article the an 7, of the Constitution of State, and under authority of election held in the city, July vent defaults and the necessity of 23, 1941, under the provision of having to levy ad valorem taxes the Law of the State, as contained to service these bonds may issue in Sections 87-201 to 87-204; the gas tax anticipation certificates, consolidated returns of the elec¬ may use the sinking funds of one tion having shown prima facie county or road district to buy that the election was in favor of matured or maturing bonds of an¬ thev issuance of the bonds. Said other county or road district and bonds, having been confirmed and validated by judgment of the may issue refunding bonds pledg¬ Superior Court Eastern Judicial ing county gas tax accruals. That any surplus in a county's Circuit of the State, the time for gas tax participation either when exception to said judgment hav¬ its debt requirements are met an¬ ing expired and bids for the pur¬ nually or its bonds are wholly re¬ chase of the bonds being subject tired shall be divided between the to the legal opinion of Dillon, & Moore of New State Road Department and the Vandewater county (80-20) and used for road York. No bids will be considered for less than the par value and or bridge purposes in the county. If the constitutional are approving opinion of Chap¬ man & Cutler of Chicago. for will be delivered to the successful are of the bonds at said bank on Feb. that accompanied check able to the above firm. the counties of amounts expended by them for the construction of shall The ditional in repayment to act to a.m. Jan. a and and Co., that sealed bids will be received until 10 will description: tion 1, Bond Offering—It is stated by R. E. Crummer & on Chicago. Registerable as to principal. Bid¬ ders must agree to accept delivery tioinal Bank & Trust Co., ment of bonds new 1941 the of Interest payable F-A. 1941. and County (P. O. Okeechobee), Fla. - / > 6, at its offices, 300 First 300,000 3y4% county bonds. Due National Bank Building, Orlando, on July 1 as follows: $72,000 for the purchase of the following in 1958; $75,000, 1959; $78,000, road and bridge refunding bonds 1960, and $75,000 in 1961. aggregating $499,829.56: $362,000 36,000 3% Special Road and series A; $88,829.56 series B, and Bridge District No. 2 bonds. $49,000 series C bonds. Dated Due on July 1, as follows: June 1,1940. Due on June 1,1970; $10,000 in 1942 to 1944, and optional and subject to call at par on any interest paying date. $6,000 in 1945. / The bonds bear interest payable 47,000 3% Special Road and June and December 1, at 3% per Bridge District No. 4 bonds. annum to June 1, 1945; 4% per Due on July 1 as follows: annum from June 1, 1945, to June $13,000 in 1942; $15,000, 1943; $18,000, 1944, and $1,000 in 1, 1950; 5% per annum from June 1, 1950, to June 1, 1960, and 5V2% 1945. per annum from June 1, 1960, to Dated July 1, 1941. maturity. All bids must be on an Florida (State of) all or none basis and be in uncon¬ -^ and accrued in¬ par terest. the for the retire¬ amounting to $65,120 in principal, and the issuance plan 000 in- 1952. State roads. in bonds and to reject any and all Bernardino), Calif. and to conduct an oral Refunding Program Pending— bids We understand that a public hear¬ auction thereof for any and all ing on the refunding program for comers after the opening of sealed of were 3V2% series A bonds. Aug. 1, as follows: $85,- sell the whole Newport School District (P. O. $21,300. The $65,120 in bonds will be retired at the rate of 42 cents Newport), Ark. Bonds Not Sold—It is reported on the dollar. Bondholders will that and accrued in¬ par pay on said date the or amount bid for the bonds in order stolen lost. ARKANSAS the of demption in numerical order on Aug. 1, 1964, and on any interest payment date there¬ Provision for the issuance of refunding bonds is also made. The Act provides that the bonds shall not be subject to call or re¬ demption prior to their fixed maturity, unless the right to ex¬ ercise such call or redemption is expressly stated on the face of the bonds. Provision may also be made in the authorizing resolu¬ tion for the replacement of bopds 1 1964, $89,000 in 1965, in 1966, $96,000 in from such creditsijhose already 1967, $101,000 in 1968, *$105,- given counties undewthe 1931 act. The legislature also adopted a 000 in 1969, $109,000 in 1970. and $105,000 in 1971. All ot resolution providing for an the bonds are optional for re¬ amendment to the constitution for enterprises, may with Okeechobee $93,000 exceeding 40 years. Interest may be paid at a rate not in excess of Miami, Ariz, rine serial 3.17%-: Such credits 000 payable solely from the Thornton of Montgomery, as All are at Due • alternative issuance of Such bonds, which for and counties, the latter to be substantial way credits to coun¬ ties from the State gasoline tax. 783,000 the bonds. 1956 terest. pro¬ provides It and 1963. cost of about $217,000 3V2% county bonds. Due on July 1 as follows: $41,000 in 1948; $43,000, 1949; $42,000, 1950; $45,000, 1951, and $46,- after method of financing such enter¬ Bonds Sold—A public enterprises. additional an terest optional for re¬ demption in numerical order on Aug. 1, 1953 and on any interest payment date there¬ and sewer revenue in syndicate a bonds. follows: $56,and 1954, $60,000 $64,000 and bonds improve, without their limits, sanitation and 1955, 1962 ; faith 1953 A by ing brief report on measures en¬ acted by the 1941 Florida Legis¬ as the distributed of B. J. Van Committee submitted the follow¬ 1959, $73,000 in 1960, $76,000 in 1961, and $81,000 in New York, First Na¬ tional Bank, Birmingham, or at and Sewer Revenue Bond Act of the Birmingham Trust & Savings* J941" authorizes cities, counties Co. The bonds are secured by the lind various municipal units to ac¬ full series 1, to 1931 act. and 1950, in Sanitation "The act in; were, pur¬ Road Department and three cents as provided :in the composed Ingen & Co. of New The legislature also enacted a York, Stifel, Nicolaus & Co. of measure requiring that all prop¬ St. Louis, Welsh, Davis & Co. of erty for county tax purposes be Chicago, and Wolking, Higgins & assessed at 100% of its actual Co. of Orlando, the only bidders, value. ''; • < paying a price of 101.75, a net in¬ chased 1957, $68,000 in 1958, $69,000 642 (Chapter 965) became law on July 12, this year, upon signature of the Gov¬ and in 000 Legislature, of general in¬ payment therefor. Prin. and int. payable in lawful money at the Chemical Bank & bonds 3V4% 748,000 a enacted by the 1941 Cali¬ measure $47,000 $52,000 in 1951 and 1952. curities Committee submitted the sold not be recent I. rate will be considered. Dec. 26 and on is amendment accrued Each interest on bid must be said bonds. specific as to tion next Fall, the six-cent gas the amount of the bid, and must tax shall be thereafter divided be accompanied by a certified four cents to the State Road De¬ check for 3% of the amount bid, partment and two cents to be used payable to the Mayor and Alder¬ as provided in the amendment. If men of the city. Delivery of the the amendment is not approved, bonds at Savannah, or New York the six-cent gas tax shall be di¬ City, at the purchaser's option. vided three cents to the State In the event that prior to the approved at the general elec¬ THE COMMERCIAL & FINANCIAL CHRONICLE 1734 delivery of the bonds, the income of $100,000 not to exceed 5% in¬ private holders from terest temporary loan warrants. bonds of the same type and char¬ Dated as of date of the award. acter shall be taxable by the Denoms. as requested by the suc¬ terms of any Federal income tax cessful bidder. Due May 15, 1942. received by Interest payable at maturity. The warrants will be issued in the the successful bidder may, at his election, be relieved of his obligation under the contract to purchase the bonds. law, city acting for and the of name behalf of the Sanitary on District city. They shall import no personal obligation for their payment and shall be payable Blackfoot, Idaho out of the taxes actually Bond Call—It is reported that only the 4.%%r5%% refunding water levied in 1941, and as will be col¬ lected and enforced in 1942, all paving bonds of Jan. 1, 1931, of the above city, are called for pay- as provided by law. A'sufficient amount of the proceeds from ment. of the IDAHO Dated Jan. 1, 1942. Denom. $1,000. $1,000 Jan. 1, and July 1 from 1944 to 1958 incl., and $1,000 Jan. 1, 1959. Bidder to name a single rate of interest, ex¬ pressed in a multiple of *4 of 1%. Due follows: as Interest The J-J. bonds are di¬ rect obligations of the Consoli¬ dated School Corporation, pay¬ able out of taxes all on taxes, which will be collected and enforced in 1942, has been ap¬ propriated and pledged to the School District payment of the warrants and the No. 189 (P. O. East St. Louis), III. interest thereon. Bond Offering—S. W. Moore, St. Clair County Tell Secretary of the Board of Educa¬ receive sealed bids until 5 p.m. (to be opened at 8 p.m.), on Jan. 8, for the purchase of $200,000 not to exceed 2%% interest building bonds. Dated Aug. 1, 1941. Due $50,000 annu¬ ally on Aug. 1 from 1947 to 1950 of Town and St. and Walkerton School Lincoln Joseph incl. Purchaser 000 electric revenue bonds sold to Blyth & Co. and J. J. Billiard & must > 1943; $14,000, 1944 and 1945; $15,000, 1946 and 1947; $16,000, 1948 and 1949; $17,000, 1950 and 1951; $18,000, 1952 and 1953; $19,000, 1954; $20,000, 1955 and 1956; $21,000, 1957; $22,000, 1958 and 1959; $23,000 in 1960; $24,000, 1961, and $25,000 in 1962. v A certified check for $1,000, pay¬ able to order of A. E. Bott, of Presi¬ Board of Education, the A check on 3% s. Due Oct. 15, as $26,000 in 1963; $27,000, 1964 and 1965, and $28,- 108,000 follows: draft or will the bidder's bank drawn not be accepted. • 000 in 1966. All of the bonds are dated Oct. School City, III. Details—The $850,- Salem 1941. 15, Sale Bond p. $382,000 3i4s. Due Oct. 15, as follows: furnish $13,000 in 1942 and designated by the successful bid¬ der. Delivery of the executed bonds will be made in said city. required. 154, follows: bonds ready for execu¬ tion. If desired, the bonds will be made payable at any bank or trust company in East St. Louis, dent Louisville, jointly 1636—are described as of both Son, —v. printed is $490,- Denom. $1,000. V ; The bonds scheduled to mature 000 school site and building bonds; Oct. 15, 1944, and thereafter, may approved by the voters on Dec. 6 and previously contracted for—v. be redeemed, at the option of the 154, p. 1474—were purchased by city, in whole, or, from time to John Nuveen & Co. of Chicago, time, in part, in inverse order of their numbering on any sched¬ as follows: uled interest payment date, on or $530,000 2s, due Dec. 15 as follows: after Oct. 15, 1943, on 30 days' $25,000 in 1943; $50,000, 1944 to 1946 incl.; $58,000, 1947 and published notice, at the par value thereof and, in addition thereto, 1948; $59,000, 1949; and $60,a premium of 6% if redeemed on 000 from 1950 to 1952 incl. 01* prior to Oct. 15, 1946; 5% if 320,000 2V4S, due Dec. 15 as fol¬ # lows: $60,000 All of the bonds are dated Dec. Oct. to 15, 1952; 3% if redeemed and on or prior to Township of County. No condi¬ thereafter and and on or if redeemed prior to Oct. if redeemed there¬ prior to Oct. 15, 15, 1958; 1% after or on 1961, and without premium if re¬ thereafter. Provided, deemed Salem. revenues INDIANA | Indianapolis, Temporary Loans Ind. be derived from the to operation of the system on or prior to Oct. 15, 1950, and there¬ after from any source whatever. ) Offered — Deery, City Controller, Prin. and int. payable at the Trust will receive sealed bids until 10 Northern Co., Chicago. E. (CST), on Jan. 6, for the These bonds, in the opinion of purchase of $990,000 not to ex¬ counsel, will constitute valid and ceed 6% interest temporary loans, binding special revenue obliga¬ as follows: tions of the city, in accordance $125,000 Board of Health war- with the terms and provisions rants, payable from the cur¬ thereof, secured by a pledge of rent revenues and taxes levied and payable solely out of a for general Board purposes. special fund legally established and designated as the ''Bond and 25,000 School Health Fund war¬ a.m. ' Retirement Fund Ac¬ rants, payable from the cur¬ Interest rent revenues and taxes lev¬ count," to which fund there has ied for said fund. been legally pledged all of the 70,000 Firemen's Pension Fund net revenues of the electric util¬ , ■ ' warrants, current said the ity to be acquired from the from payable and revenues levied for taxes of ceeds fund. all these extensions bonds, thereof pro¬ including and addi¬ 750,000 general fund warrants, tions and improvements thereto payable from the current subsequently constructed or ac¬ revenues and taxes levied for quired, to the extent required to the city's general fund. pay the interest on and principal 20,000 tuberculosis fund war¬ of these bonds and, in addition, rants, payable from the cur¬ these bonds are further secured rent revenues and taxes lev¬ by a statutory mortgage lien on ied for said fund. the electric utility properties. approved by Matson, All of the warrants will be Legality dated May 15, 1942, and will be Ross, MeCord & Ice of Indian¬ : 1 negotiable form on apolis. Legal opinion on the le¬ Walkerton-Lincoln delivered in Jan. 10. a solidated of Law. School Bond Offering—T. R. Cline, Indianapolis Sanitary District, Ind. Secretary of the Board of Trus¬ Offering—James E. tees, will receive sealed bids Deery, City Comptroller, will re¬ til 3 ceive sealed (CST), on bids until 10 p.m. chase a.m. of Jan. 6, for the purchase 4%% t A./ ' J 1 i at bidder J •' ; interest i' un¬ Jan. 9, for the pur¬ $31,000 not to exceed on building bonds. accrued interest Nov. interest to MICHIGAN the successful the of expense To Seek Tenders Of Certificates —William Steinhaus, Clerk, re¬ Notleyville Gravity Drainage Dis trict No. 21 (P. O. Opelousas), La. - cently Offering Details—In con¬ with the offering sched¬ and that tenders of such curities would be requested at ness bonds - Keny Secretary-Treasurer Board. of Commissioners, 1362—were awarded Corp., In¬ dianapolis, as l%s, at a price of 100.705, a basis of about 1.63%. Dated Dec. 23, 1941 and due semi¬ annually from July /ly/1943 to Jan. 1, 1953, incl. Second high bid of 154, p. 1952 100.385 for 2s was made by the to 1962. . 1961, and $1,000 series of All of bonds were Indianapolis Bond & Share Corp., proved by the voters at tion held on Dec. 2. Indianapolis. Orleans Levee District IOWA elec¬ an (P. O. New ' Orleas), La. , Ellsworth, Iowa behalf of defaulted December, 1938. debtedness was All of refunded the as in¬ gen¬ eral obligations and interest on the refunding bonds has been paid in ap¬ on bond interest pursuant to the gen¬ eral debt refunding effected in ' these B, and $11,082.50 series C, issued were as 10,500 acreage tax bonds. Due on Feb. 1, as follows: $250 in 1945 to 1949, $500 in 1950 to 1954, $750 in 1955 to 1959, and $1,000 in 1960 to 1962. an The certificates, com¬ prising $51,251.80 series A, $16,700 . ' the City Securities to se¬ early date. $22,500—v. 154,; p. 1578—it is now stated by Maysie the that $7,000 was redemption of out¬ for standing certificates of indebted¬ 5, of the not to ex¬ construction reported available aggregating the B. ' Center Line, Mich. • system ! Boston - LOUISIANA age of recently an issue of $100,000 notes, due in approximately 11 months, at 0.58% discount. / Wayne Township School Township $12,000 ad valorem taxes bonds. (P. O. Bridgeport), Ind. Due on Feb. 1, as follows: Bond Sale—The $20,000 coupon $500 in 1945 to 1951, $750 in construction bonds offered Dec. 23—v. Bank purchased to be approved by Grafton of Louisville,, uled for Jan. nam¬ Rockland, Mass. h tional and accrued interest. Bond Boston bid, Note Sale—The Merchants Na¬ t including and of rate of 0.40%, a and to 1, 1951; and thereafter at 101 follows: up to date, according to Mr. Stein¬ haus. > 1 . Macomb County (P. O. Mount Clemens), Mick. Tenders Wanted—Sherwood J. Bennett, County Controller, states that pursuant to provisions of the, refunding plan, he will receive sealed tenders until 10 a.m. on Jan. 6, for sale to the proper sinking funds of $32,000 series B refunding bonds of the issue of $137,000, in $1,000 denoms., "to Bond Offering Postponed—-W. reported M. Duffourac, Secretary of the special election has been Board of Commissioners, states refund the current tax anticipa¬ called for Jan. 6, to submit to that the sale of the $3,994,000 is the voters $9,000 water works re¬ sue of not to exceed 3% semi-ann. tion notes issued Feb. 15, 1936." Controller reserves the right to construction and extension bonds. reparations refunding bonds, which had been scheduled for reject any or all offers. Marquette School District (P. O. Dec. 29—v. 154, p. 1308—has been Melvindale, Mich• : >; Marquette), Iowa May Refund - Indebtedness—. Bond Offering Canceled—Ev¬ postponed indefinitely, because of conditions prevailing at this time. Members • of the State Public erett Hagensick, Secretary of the Commission have' agreed Board of Education, states that Dated Jan. 1,1942. Due on Jan. 1 Debt Bond that is Election—It a . •, the offering of the $7,000 gym-t bonds, scheduled for Dec; 22—-v. 154, p. 1578—was with¬ in 1946 to 1968. nasium drawn the of because any effort by the city to refund its $2,300,000 in bonds, interest on which casse, was Augusta, Me. Offering—Alfred Note J. La- City Treasurer, will receive bids until KENTUCKY tentatively to consider MAINE current emergency. 11 on a.m. Dec. 30 for the purchase at discount of $300.Buechel, Ky. 000 notes issued in anticipation of Bond Diversion Not Approved revenue for the year 1942. Dated ' —We that understand the Ken¬ on Dec. Board of Water Commissioners to issue $175,000 in bonds for a waterworks system, declared the Board may not provide for firefighting equipment out of the pro¬ ceeds of the bonds. The decision provision that in case approved a revenue from waterworks the Jan. 2, 1942. $150,000 Payable follows: as 10, 1942, and $50,000 each on Oct. 8, Nov. 6 and Dec. 18, 1942. Denoms. to suit purchaser. Payable at the Na¬ tional Shawmut Bank of Boston, which will certify as to the genu-; ineness and validity of the notes, under advice of Ely, Bradford, Thompson & Brown of Boston. on Sept. Portland, Me. insufficient to meet Note Sale—The issue of $1,000,principal and interest, the prop¬ erty benefiting from the system 000 notes offered, Dec. 26—v. 154, 1636—was awarded to • the may be assessed up to 10% of its p. system was . value. But it declined to approve Central Bank Hanover in defaulted in June and again December, according to reports.—V, State Chairman p. 1251,' 1420. Theodore I.- Fry, of the Stevens, De¬ attorney, who represents holders of $900,000 bonds, would troit make the preliminary overture to Howard Cline, City Attorney. The sinking funds hold another State $902,000 of the city's bonds. North trict Muskegon City Schoot Dis¬ (P. O. North Muskegon), 'i Mich. Sale Details—The $19,920 Bond school bonds awarded Dec. 15 to Paine, Webber & Co., Chicago—v. 154, p. 1579—were sold at par plus a premium of $17.26 for 1943 and 1944 maturities to bear Trust 214% interest and those from 1945 & incl. ten Bidder— Crouse & Co., Detroit:. Stranahan. Harris & Co., plan for special -levies paid in Co., New York, at 0.45% discount.! Dated Jan. 2, 1942 and due $500,installments. 000 each on Oct. 7, and Nov. 13, Estill County (P. O. Irvine), 1942. Among other bids were the following: Canal National Bank Bond Exchange Requested—We of Portland, 0.46 %; Jackson & understand that W. C. ThornCurtis, 0.49%; National Shawmut burgh Co., East Fourth Street, Bank of Boston, 0.52%; National Cincinnati, Ohio, refunding agents Bank of Commerce, Portland, for the above county are asking 0.56%; First National Bank of holders of road and bridge bonds Boston, 0.-58%. ■ issued Nov. 1, 1922, Oct. 1, 1923, Nov. 1, 1927 and April 1, 1928, ag¬ MASSACHUSETTS gregating $276,000, to exchange the bonds for a like amount of re¬ Boston, Mass. Note Sale—The issue of $4,000,funding bonds dated Oct. 1, 1941, bearing 3Vz% interest and matur¬ 000 tax anticipation notes offered 1981, optional on or Dec. 26 was awarded to a group after dates on which current road composed of the Chase National and bridge bonds mature. Inter¬ Bank of New York, R. W. Pressest defaulted to April 1, 1940 will prich & Co. and Salmon Bros. & Oct. 1, Hutzler, all of New York, to bear interest,' at par and a held in the sinking fund. 0.92% Bondholders are Dated Dec. 30, requested to premium of $32. Resend their assents to the plan to 1941 and due Oct. 15, 1942. offered to yield 0.70%. the refunding agents. Other be 1947 Tdledo H. bids for the issue were as follows: ration (P. Sold—Stein Boyce, of Bros. have Louisville, & just purchased $58,000 3%% coupon mortgage refunding bonds. first First Boston Corp. and Chemical Bank & Trust plus $81; Co., jointly, 1.03%, Halsey, Stuart & Co., boro, Ky.. These bonds are subr v I ■ r ' '• :: • ; -i\i .• > ■* a 'f 12.79 1943-47—2V2 Watling, Lerchen & Co., 1943-46—3 Detroit 1947 2.80 —21/2 Southfield Tnwnship (P. O. Route 3, Birmingham). Mich. Sold—No bids Bonds Not were received for the $5,000 not to ex¬ ceed 5% interest water/ supply system Dec. bonds revenue offered 23.—v. 154, p. 1534. Dated Feb. 1, 1941 and due serially on Jan. 1 from 1946 to 1950 incl. MINNESOTA ; Belle Plain, Bond Minn. Sale—The $12,000 coupon semi-ann. street improvement bonds offered for sale were nessy awarded & Co. to of on Dec. 23, Park, ShaughSt. Paul, as 2s, paying a premium of $41, equal to 100.34, a basis of about 1.88%. 1, 1941. Due in 1942 incl., without prior option. Nashwauk, Minn. 154, p. Certificate Sale—The $8,000 6% Boston annual certificates of indebtedness 18, 1942. i:,.'j 12.00 1943-47—2',i Muskegon $75,000 Boston, at 0.317% discount. Dated Dec. 23, and due Dec. 31.00 1943-47—2 Vt ........ to 1946 1941 $47.01 1943.47_2i/4 Sattley & Co., Inc., Detroit First of Michigan Corp., Detroit .....,.,..r, Nat'l Lumberman's Bk., Lexington, Mass. Note Sale—The issue of 1, 1941. Denom. $1,000, $500, $100. Due from May 1, notes offered Dec. 22—v. 1942 to 1958. Prin. and int. (M-N),- 1578—was awarded to the payable at the First Owensboro Safe Deposit & Trust Co., Company, Owens¬ Prem. 1943-47—2^4% Dated Dec. Inc., 1.10%, plus $115. Dated Nov. Bank and Trust Int. Rate V. paid at its original rate with Educational Corpo¬ O. Calhoun), Ky. Other bids: 2s. as . money McLean County Commission, said that Claude H. a ing press 154, Treasurer to Bonds Township Con• Corporation (P. O. Walkerton), Ind. gality of the issues will be fur¬ by the city's Department nished Warrant furnished be Oct. however, that no such redemp¬ Legality approved by Chapman & tions shall be had by the city, ex¬ Cutler of Chicago. cept by the application of surplus James will 18, upholding the authority of the 2% accrued ceed 4% semirann. gravity drain¬ tucky Court of Appeals 1955; and be accompanied check for $500. Legal opinion of Matson, Ross, McCord & Ice of Indianapolis proposals must by a certified thereafter 15, ing • 103 Bank at nection or if re¬ order tional bids will be considered and deemed thereafter and on or prior 15, 1941. Interest J-D. Denom. $1,000. Bonds maturing on and after Dec. 15, 1953 and are call¬ able Dec. 15, 1952, or on any in¬ terest date thereafter, at par and accrued interest, Principal and semi-annual interest payable at the Salem National Bank, on prior to Oct. 15, 1949; 4% 000 from 1954 to 1957 incl. >; and thereafter redeemed in 1953 and $65,- numerical including Nov. 1, 1946; at 102 and property includes J the school corporation. Details—The Sale Bond will tion, City, Ind. 30 days' published notice in inverse National submitted the next best taxable , ILLINOIS upon Legality which School in part or their Grafton & and Second interest on any payment date in whole collected the of therein, ject to redemption unlimited ad valorem be levied to Tuesday, December 30, 1941 j ! The offered for sale on Dec. 22—v. 154 1579—were awarded jointly to the First National Bank, and the p. the commercial & financial chronicle American National Bank*- both of NEW YORK Nashwauk, paying a price of 106.437, a basis of • about 4.67%. Dated Dec. 15, 1941. Due $1,000 on Dec. 15 in 1943 to 1950, incl. ~ Suffern, N. Y. ' St. Minn. Martin, ' Bond will Offering—Bids be Jan. until received 15, at 1 p.m., by Joseph Rausch, Town Clerk, for the purchase of $25,000 road and bridge bonds. The approving opinion of Fletcher, Dorsey, Bar¬ ker, Colman & Barber of Min¬ neapolis, will be furnished. - F. Offering—Robert Bond t ( Du Village Clerk, will receive sealed bids until 10 a.m. on Dec. 30 for the purchase of $16,500 not Vail, interest coupon or exceed 6% to registered refunding bonds. Dated Jan. 1, 1942. Denoms. $1,000 and $500. < Due Jan. 1 as follows: $500 in 1948; $1,000 in 1949 and $2,500 from 1950 to 1955 incl. Bidder to , single rate of interest, ex¬ a name in a multiple of lk or 1/ 10th of 1%. Principal and in¬ pressed payable at the Vil¬ (J-J) lage Treasurer's office. A certi¬ (• Pascagoula, Miss. r.J:;', ;;:"A fied check for $330,: payable to V Bond1 Election—It is reported order of the village, is required. that the Board 'of Supervisors Legal opinion of Hawkins, Delahave set Jan; 7 as the date for a field & Longfellow of New York special election the second has vote to the that time brought been $65,- on This will mark 000 school bonds. will be furnished the City bidder. cessful for cast. ' ' ' < . MONTANA Cascade, Mont. $20,000 coupon sanitary sewer and plant 154 22—v.- awarded for sale on 1363—were offered bonds Dec. p. Dated 1942. >1 < '' r . ■ Sampson County (P. O. Clinton), n. c. Citizens State Lands and Investments, ac¬ Bank purchased $70,000 bond anticipation notes at \}Jz%. after date of issue. Dawson County School District No, 1 (P. O. Glendive), Mont, f $4,071.78 re¬ funding bonds offered for sale on Dec. 22—v. 154 p. 1363—were pur¬ chased Bank by the First National of Glendive, according to the District Clerk. have to Notes Sold—The First Winston-Salem of Bank have purchased McCook, Neb. bids until that Jan. 15 for the on Skalla, purchase of $150,000 not to exceed Bond Offering—Charles states noon he will 4% interest Feb. bonds. purchase of $25,000 aviation field bonds. Interest rate is not to ex¬ Gotebo School District interest net ceed X 1, May 1 Election—It 1966 incl. 1956. to Redeemable tion of the 10 purpose ing op¬ time after The date. issued the for of acquiring and improv¬ field, and were aviation an authorized Dec. on be to are the at any their from years bonds city at the at 16. ! ' , held election . Rate of interest to expressed in The M-N. Interest 1%. will be multiple of Va of a bonds ready for delivery about A certified check for $1,- be Feb. 2, 500, payable to order of the Board of Education, must accompany each proposal. Bond Guttenberg, N. J. Bond Proposed town Issue The — plans to issue $2,000 street improvement bonds. assessment Ordinance scheduled was to ceive final reading on Dec. Lakewood Refunding Program has had township Not Con¬ understand that the State Funding Commission's approval of a $369,000 refunding program since Dec. 9, 1940, but has not consummated the program as yet. Plainfield, N.J. J Bonds ^ Anna, 101.045. $7,115 sewer assessment bonds. a MEXICO NEW basis ■ -3$ made was bv Clerk Details—The Sale states Lorain, Bonds City that Revenue purchased as 000 in 1950. $35 000 in 1952, $37,000 in 1951, $36,000 in 1953, $38,000 in The — City of bid Multnomah No. 1 of $45,153.59 y follows: . "Street bonds. : : bonds, as 3% improvement $622.37, One bond for others $1,000 each. 15 follows: as Due Oct. $2,622.37*, in 1943; $3,000 from 1944 to 1949 and $2,000 from 1950 to improvement One bond for $531.22, ; bonds will Feb. 2. 1942. 15 Borough deferred action the have to System Council on a Borough Water Citizens Company, and & Gas municipal the water system. - . ' RHODE ISLAND Note issue Sale—The Hanover tral New Bank & Trust Co.. at 0.59% discount. Dated Dec. 26, 1941 and due Dec. York, tional Dated Jan. ; j Nyssa, Ore. , Sold—M. Bonds Other 1942. 2, Bank Richland County (P. O. Solomon. Columbia), S. C. Bond F. of 154. 23—v. W. Offering C. Thomas, of City Recorder, states that $18,000 Board Contemplated— Secretary of the states that the water system revenue County. Commissioners, $200,000 not to ex¬ semi-ann. county hos¬ bonds approved by the voters in ceed 4% August, have been purchased at pital, general obligation bonds, par by the Charles N. Tripp Co. originally scheduled for sale on of Portland, as follows: $14,000 as June 18, but deferred, will prob¬ 2%s, due $1,000 from Sept. 1, 1944 ably be reoffered early next year. to 1957, and $4,000 as 2V4S, due Rock Hill, S. C. $1,000 on Sept. 1 in 1958 to 1961, Bonds Not Sold—Ben R. Neely, optional after Sept. 1, 1947. - City Clerk and Treasurer, states PENNSYLVANIA be dated Principal and semi¬ that the $75,000 coupon improve¬ ment bonds offered Bethlehem, Pa. ,J : Note Sale—An issue anticipation l'yyiy-r': of $50,000 notes was sold Dc\ 16 to the First National Bank & Trust Co. of Bethlehem. on Dec. 22—v. 1536—were not sold as all the bids received were rejected. 154, p. bonds These will be reoffered amount will be reduced to $50,000, he reports. shortly, but the annual interest payable at the of¬ fice of the Sinking Fund Trustees. \y-Vv.' Corry, Pa. SOUTH . DAKOTA Lyndhurst, Ohio Wanted — that Council - Clara ; Brueggemver, Village Clerk, nounces the project is approved by the Government the will bonds month in marketed be a or so. Bexar County (P. O. San Antonio), Texas Bond Approved—We Issuance that understand Su¬ State the Court on Dec. 17, granted the county a mandamus compel¬ ling Attorney-General Gerald C. Mann to approve $197,000 voting preme machine purchase bonds. tion came on ap original The ac¬ manda¬ proceeding instituted in the Supreme Court by the ^county, and seeking to force the Attor¬ ney-General to approve the The Attorney-General re¬ bonds. fused to approve grounds that of part no fund the bonds on law provided county's the general the $100 cents on could valuation of payment those State of 25 tax of the for wheih the amount be pledged for obligations beyond current tax of fiscal was year levied. bonds for A pur¬ Borger, Texas Composition Confirma¬ Debt Sought—We understand that tion the composition for the of the city, confir¬ mation of which is being sought of plan indebtedness in United the District States Court, is dated July 5, 1941, and provides for ; the exchange of outstanding $556,046 refunding and 1941, 1, from June maturing Re¬ 1952 1, thereafter callable at are accrued interest and serially* . 1942 to 1971. bonds maturing in funding or and bonds bearing time warrants for bonds dated June interest 3% on. any par in¬ terest payment date. Bonds will exchanged on the basis of a new $750 bond for each $1,000 bond outstanding. The exchange be agent is Bank of National the American Austin.1 ; : y^l-: Brownwood, Texas L. an¬ final sue will reading shortly an consider ordinance to is¬ $15,000 not to exceed 3% terest bonds, in¬ including $10,500 street and fire department equip¬ • ment and $4,500 refunding. Arlington, S. Dak. on Dated Approved—We Bonds stand that at an under¬ election held on Dec. 000 19, bonds aggregating $180,and divided as follows: $130,- 000 water system extensions and $50,000 sewer extensions and im¬ provement bonds, were approved by the voters, by a count of 630 "for" to £0 "against." Federal cash grants from defense public works funds will make a total of $421,000 Proposed Bond Issue—The City Tenders is If Federal funds. of $200,154. 1581—was awarded to the Cen¬ p. Due on April 2, 1942. 2, 1942. Call—It marketing these bonds as an has been made for 000 notes offered Dec. 23—v. $1,000,000 issue short-term notes of¬ Dec. Bond chasing voting machines was sold on May 26. '■■■yy ,yyyy-- Cranston, R. I. the fiscal (P. O. Portland), Ore. on Charlotte), ' like bids: First Na¬ Boston, 0.75%' Jackson & Curtis, 0.83%; Harvey p. 1581—was awarded to the First Fisk & Sons, 0.90%, plus $7. National Bank of Portland, for a > SOUTH CAROLINA premium of $3,875.00, according tax- v. of the Dec. andoah required. fered for sale TENNESSEE Dickson County (P. O. Tenn. - street 1943; $3,000 from 1944 to 1947 incl. and $2,000 in 1948 and 1949. sealed 30, for Note Sale—The others $1,000 each. Due Oct. 15 as follows: $2,531.22 in All On Water Action semi-ann. . . Sale, Dis¬ at 1953. -:.C mus Authority issue $1,600,000 revenue bonds to be payable sole¬ ly from the revenues of the Girard Water Company, the Ham¬ mond Water Company, the Shen¬ County School District of 2% coupon recently adopted two ordinances providing for the issu¬ ance $1,000 Water school bonds. is follows: as 1 proposal of the State in New York A. certified check for 5% the Council» $15,000 is available '1954 and 1955, and $39,000 in 1956,: for the purchase of outstanding as 3s. refunding bonds, dated July 1, agency 15 1950. on (P. O. receive to the School Clerk. Ohio Authorized bonds. follows: $238,maturing Dec. 15, $28,000 in 1943, $39,000 in 1944, $30,000 in 1945, $31,000 in 1946, $32,000 in 1947, $33,000 in 1948, $34,000 in 1949, $21,000 in 1950, as 2%s. and $237,000 maturing Dec. 15. $14,000 were Co. & White A. 1952 incl. $475,000 light refunding bonds sold to Brown, Schlessman, Owen & Co. of Denver—v. 154 p. 1476— plant J. Cincinnati. ." -y&y :'r in $3,655 not to ex¬ Dated Dec. 1,1941. Due on Dec. 1 as follows:/$1,000 in 1943 to 1945, and $655 in 1946. Prin. and int. (J-D) payable at the County 1.95%. about of Jan. Due the purchase of City. issue an Shenandoah, Pa. bids until 7.30 p.m. on Dec. or Jan. I in 1943 to on ■v an exceed 2% inter¬ purchase bonds, 15, 1942. Denom. $500. Purchase—The Bond Offering—A. H. 3Vz % Bor¬ from 1943 to 1949 incl. and $1,500 Astoria), Ore, ceed providing for Dated Jan. and Clark Consolidated will Marys, Pa. of $8,500 not to fire truck est Defer Clerk, February 1942. a period of 12 over Authorized—The department bonds. trict $78,000 refund¬ Council recently passed ordinance OREGON price of a of 18 531.22 Tucumcari, N. Mex. Bond at 15, 1941 and due $800 Sept. 1 from 1943 to 1947 incl. Second high bid of 100.65 for 2V2S incl. / 2V4S, as on the City Council re¬ cently passed on final reading the ordinance calling, for the issuance of of under¬ $26,622.37 Authorized—We that stand . , to the Farmers & Merchants Bank Dated Nov. Township (P. O. Lakewood), N. J. summated—We the re¬ 26. Sale—The $4,000 fire purchase bonds offered Dec. 20—v. 154, p. 1535—were awarded truck ough 8, to sub¬ v*School District No. 5 Due TEXAS Bonds by provement, $159,500 sewer exten¬ sion and improvement and $36,000 Treasurer's office Anna, Ohio NEW JERSEY bonds, dated St. the voters bonds aggregat¬ -&£wis No other bid according to the Dated Jan. 1, 1942. par. City Auditor. years. $300,000 and divided as fol¬ lows: $104,500 water works im¬ from 1949 to 1 ing and to mature ing fire as 2s at received, application Refunding Approved—The dis¬ Simpson, City Clerk, that City Council recently called mit to Dec. 22 on 154, p. 1366—were purchased the First National Bank of was to Forge School District, Pa. trict plans to issue Due stated is by any 1.88%. Old W. for an election on Jan. $1,000. Due as follows: May 1 and $3,000 Nov. 1 and Nov, of 2.059%. levied under improvement bonds offered for sale future law of the Com¬ or Lawton, Okla. from 1943 to 1948 incl. and $3,000 4%, payable J-J. Dated Jan. 1942. Due $5,000 Jan. 1, 1952 cost about $1,000 in 1944 to 1958 incl. Denom. $4,000 extension water works approved. building 1, 1942. coupon Dated ; receive bids until Jan. 12, for the under¬ election recent a (P. O. Gotebo), Okla. Bond Sale—The $15,000 school building and site bonds offered on Nov. 10—v. 154 p. 998—are said to have been purchased at a ■ the Clay Center), Ohio Hen- at were Bond Offering—Lester Approved—We $15,000: C. OHIO trict (P. O. $9,0001 water offered Dec. OKLAHOMA $14,000 revenue ningsin, Clerk of the Board of Education, will receive sealed NEBRASKA Clerk, National is said Toumskip Rural School Dis* Allen Township School Dis¬ that Rate of inter¬ incl. Dak. $10,000 coupon street stated by County Judge W. M. Leech, that the above county's 5% highway, series 1928, bonds Nos. 81 to 85 proval of proceedings by the and 91 to 100, are called for pay¬ Pennsylvania Department of In¬ ment on Feb. 1, 1942, at the place ternal Affairs. The borough will designated for payment in the furnish the bonds and the approv¬ bonds. Dated Feb. 1, 1928. Due ing legal opinion of Burgwin. Feb. 1, 1948. Part of an original Scully & Churchill of Pittsburgh. issue of $234,000 numbered 1 to A certified check for $600, pay¬ 234 and callable $20,000 February able to order of the Borough 1 in each of the years 1938 to 1947. Treasurer, is required. Hixson Utility Dist. (P. O. Hixson), Knoxville School District, Pa. >. yyy./'' \::Tenn. Bond Sale Details—The $18,000 Bond Offering Deferred—It is 2 % refunding bonds awarded Oct. stated by Ira P. Jones, President 30 to E. H. Rollins & Sons, Inc.. of the District, in connection with Philadelphia—v. 154, p. 901—were the $100,000 water system bonds, sold at a price of 101.09, a basis ol no action has been taken relative present Dawson. Okla. Bonds semi-ann. monwealth of Pennsylvania. Sale of the bonds is subject to ap¬ Oct. 1 from 1943 to 1951 incl. stand $2,000 on Dec. 15 from 1961 heritance taxes, 154, p. 1310—were awarded Ryan, Sutherland & Co., To¬ ledo, as 2V2S. Dated Jan. 1, 1942, and due $500 oil April 1 and ; Due expressed in a multiple of 1/4 of ,1%. Principal and inter¬ est (J-D) payable free of all taxes, except succession or in¬ to ? Volga, S. Bond Sale—The receive on Jan. Volga, 1947 to incl. Sale—The will est to be (P. O. Phalanx), Ohio Bond 1.98%. notes at Bond City O. Plym¬ Washington County (P. outh), N. C. to Sale—The Bond Clinton, is & Trust Co. of said Southington trict 1951 to Secretary, —v. 000. cinnati, the only bidder, as 4s, at par; .Dated Oct. 1, 1941 and due Oct. 1 as follows: $1,471.36 in 1943; $1,500 in 1944, and $2,000 1945 O. Johnstown), Pa. various municipal purposes bonds Dated Dec. 15, 1941. Denom. $1,- (P. O. Bedford), Ohio Sale—The $16,971.36 re¬ funding bonds offered Dec. 22— v. 154, p. 1365—were awarded to the Ohio Life Insurance Co., Cin¬ ii from Due $2,000 from Nov. 1, 1944 13 for the purchase of $30,000 not to exceed 3% interest coupon Maple Heights School District s 1941. to 1958 incl. sealed bids until 7.30 p.m. Bond bonds ■ First Sold—The Notes Borough . ' Falls, as 3s at par, according to the City Auditor. Dated Nov. 1, Bond Offering—Frank Rhoades, Bonds must be ready for delivery not later than 10 days after Jan. 19, a Dec. March 23, Dale (P. by issue number and bond number. premium of $309. 23, 1941. Due on plus %, tion of the bonds 20—v. cording to the Town Clerk. Dated Feb. 1, 1942. Due $500 on Aug. 1, 1942, and on Feb. and Aug. 1 in 1943 to Feb. 1, 1962. Optional 10 years Interest F-A, Due 1944 $2,000 from 1945 to 1951 incl. and value, until noon on Jan. 19. Tenders should contain a descrip¬ supply system bonds Raleigh, N. C. *' Sale—The $60,000 revenue Note of Commissioner the to face '. , anticipation notes offered for sale on Dec. 23—v. 154 p. 1581—were awarded to the First Citizens Bank & Trust Co. of Raleigh, at 2 lk - Bond Sale—The semi-ann. - CAROLINA NORTH voters before Feb. 1, 1942, Denom. $1,000. Feb. 1 as follows: $1,000 in suc¬ 4 1 ' f matter approval. Early in Nov. the issue failed to carry because in¬ sufficient numbers of ballots were 1938, and will receive sealed ten¬ bonds, for sale to the village at a price not exceeding ders of such terest MISSISSIPPI v 1735 ments available necessitated for by improve¬ Brown- growth since the coming of Camp Bowie in the fall of 1940. ann. auditorium bonds offered for and the sale on Nov. 3—v. 154 p. 648— Details of the offering Bond were Sale—The $30,000 semi- purchased by the First Na¬ wood's offering date have not as tional Bank & Trust Co. of Sioux determined. yet been THE COMMERCIAL & FINANCIAL CHRONICLE 1736 Corpus Christi, Bond Refunding understand that Texas Planned—We City Council re¬ cently signed an agreement with & Crummer Company, Inc.," of Dallas, and Mahan, Dittmar & Co., of San Antonio, to refund $296,624.30 of general and refunding bonds. council The informed was by City Comptroller Herbert S. Low that two proposals had been ery made by the bidding pool, one .calling for an estimated interest saving of approximately $13,000, and the other to result in a saving It was that the associates. No fees to be are allowed until 75% of the two payable re¬ issuance include $120,000 6% gen¬ eral fund warrants issued in 1929; $85,000 5% 1936 refunding bonds, and $91,624.30 of 5% 1940 refund¬ ing bonds. : ' v > ' \ The at ance calls schedule 5% for reissu¬ of the 1929 and issues, and at 314% 1936 the of $1,150,000 ance; of in . p. revenue in the Refunding Crummer & Contract — Dallas, and Mahan, Dittmar & Co. of San An¬ tonio, jointly are said to have conr tracted to refund $296,624.30 gen¬ eral and refunding, bonds. Dallas County (P. O. Dallas), Tex. Bonds Not Sold—Charles A. Tosch, County Auditor, states that $150,000 road, series 1941 bonds offered were not sold 1942. rejected. were $1,000. Dated Jan. 10, on April 10 as follows: in to 1945 to; 1950, $10,000, 1958, and $20,000 in 1959 The bonds are in part and 1960. of total issue of a ized at $750,000 author¬ election held on May 2, an imagin¬ were result they of election, not were alleged, according to the peti¬ tion, that eight voters were not qualified to vote but did vote. was • y • \ H. Maunsell, that states into the contract a vestment Texas W — City Controller, city has entered with to certain in¬ the is¬ make additional bonds l'V\ •/' ' bonds will be issued water % Bonds Not Sold—J. C. Hudman, City Secretary, states that ' the $60,000 municipal ;airport bonds offered on Dec. 17—v. 154 p. 1536 were not sold bids were will be as no received. reoffered. satisfactory These bonds Dated Jan. Due in 1943 to 1962. 1942. 2, .. VIRGINIA Sealed — Alexandria, Va. ; Bonds bids will be received until 7.30 p.m. on Jan..5, by R. B. Neale, City Secre¬ tary, for the purchase of $65,000 airport bonds. Interest rate is not 3%, payable A-O. Dated to exceed Jan. 15, is Authorized—It re¬ ported that the City Council re¬ cently, by authorized bonds a unanimous vote, of 3% issuance the $750,000 and divided as follows: $160,000 school, $115,000 street, $200,000 sanitary and storm sewer, $50,000 aggregating 1942. Denom. $1,000. Due playground, $75,000 funding, and April 15, as follows: $2,000 in $150,000 defense bonds. .1943, $3,000 in 1944, $2,000 in •1945, $3,000 in 1946, $2,000 in 1947, ; WASHINGTON $3,000 in 1948, $2,000 in 1949, $3,000 in 1950, $2,000 in 1951, $3,000 Everett and Local Impt. Dist. No. in 1952, $2,000 in 1953, $3,000 in 537 (P. O. Everett), Wash. Bond Call—We understand that ; i954, $2,000 in 1955, $3,000 in 1956, $2,000 in 1957, $3,000 in 1958, $2,- City Treasurer, Charles R. Dobler, 000 in 1959, $3,000 in 1960, $2,000 has called for payment the follow¬ .in 1961, $3,000 in 1962, $2,000 in ing bonds: t On Dec. 15, 1941. 1963,. $3,000, in 1964 and $5,000 in V 1965 and 1966. Alternate bids will Local imp. Dist. No. 537, Nos. 5 to 14. be considered on bonds carrying a Payable at the City Treas¬ urer's office. '.5-year option. Rate or rates of -interest to be in a multiple of On Jan. 1, 1942. , of 1%. It is the intention of the Water City Commission to sell the bonds Bids interest. lower be considered. Prin. and int. pay¬ able at any bank in the city that .may ful , be preferred by the success¬ Award will be made bidder. to the bidder or bidders offering the lowest net interest cost. bonds tion were held authorized at on Aug. 19, vote of 416 to 366. be submitted on These an 3, 2% bonds, Nos. 101 to 200. Payable at the Chemical uniform blank to be furnished by Bank & Trust Co., New York City. bonds offered for sale *—v. a 154 p. bid the^bove on Dec. 20 1536—were awarded to the State, according to the Cbunty Treasurer. Tacoma, Bonds in Wash. Authorized—The Council voted its approval ly of the issuance of an to 1943 w Bond City rede¬ additional plated—It Wis. . Contem¬ F. by L. the balance of these bonds is be¬ County School District No. (P. O. Encampment), Bond Wyo. Sale—The $15,000 semischool bonds offered for sale Dec. 23—v. 154, p. 1424—were ann. on awarded to National Bank 2%s the Stock of according Clerk. Dated $1,000 to the Dec. Dec. on 1 Growers Cheyenne, 1, 1941, in as District 1942 Due to 1956 incl. not was fund amount of the levy appropriated for 1942. it wise to build up this be that so during Canada difficulties if arise "defense the after or Treasury of Division enabled division this the Condition—The of text the following is edition of 1941 annual summary H. It offered bonds the to Dec. 23 Bank were of Nova Scotia, of Halifax, at g, price of 100.78, a basis of about 2.503%. Sale of: consisted 2V\% $31,920.00 suburban roads and water works bonds. July 1 Due follows: $7,620 1942; $7,800, 1943; $8,000 1944 and $8,500 in 1945. Board as 2V2% 16,571.75 sidewalk provement bonds. ly in in im¬ Due serial¬ July 1 from 1942 to 1950 on incl. / 3% 26,782.30 improve¬ sewer bonds. ment Due serially on July 1 from 1942 to 1955 incl. All the of bonds bear date of departments. at all times sions. March Sale—The $75,274.05 cou¬ awarded the definitely proved its value in ac¬ cumulating and furnishing statis¬ by tical and accounting data to the various Due Ottawa, Ont. Bond the prepared 0.545%. 1942. pon Operation of the Tabulating Di¬ the Comptroller's office progressed satisfactorily during the past year. This division will continue to expand its activities to all departments, especially in the field of purchase and stores control. Statistics compiled by issue ONTARIO Now completing its third year Milwaukee, Wis. Summary of Financial of operation/ this division has 1941 of cost a 13, ' Tabulating ; Sold—An $45,000,000 Treasury bills was recently by the Government at boom," the city will be in a fi¬ nancial position to proceed with necessary and need improve¬ ments. (Dominion of) Bills sold ing held for possible construction of Estimates to reduce 1942 ap¬ of - one more branch library. propriations for materials and Nothing is certain relative to supplies approximately $42,000 marketing bonds at present. under the amophts requested. It is pre¬ July 1, 1940. Denoms. $1,000, $500 troller: pared to render and $100, and such odd amounts •••V'../ For many years the City of periodical reports of all com¬ as may be necessary. Principal Milwaukee has been revising and modities and services purchased and interest payable in lawful improving its financial policies by any Department, Board or money of the Dominion of Can¬ which have resulted in putting its Commission of the city. ada, at the Bank of Nova Scotia, fiscal affairs on a strictly cash Because this information is Ottawa, Toronto and Montreal. and pay-as-you-go basis. Step by readily available, it was possible Registerable as to principal. The for the city to lead the way in bonds will constitute a direct lia¬ step, it has taken many years to furnishing the Division of Civil¬ bility on all the assessible prop¬ accomplish these purposes and the effects of thoughtful plan¬ ian Supply of the Office of Pro¬ erty situated within the city, and ning are now apparent. Very def¬ duction Management with an will be issued under the instal¬ inite and substantialA economies itemization of all purchases made ment plan; that is to say, the have been made possible. by the city during the years 1939 method of redemption will be and 1940 almost upon demand. such that the annual amount paid Instalment Payment of Taxes The purpose of this request was for principal and interest in any It has long been my hope that to determine governmental re¬ year is equal, as nearly as may be, with city affairs on a cash basis, quirements of all products so a to the amount so payable ifor the taxpayer could also be placed fair and reasonable allocation principal and interest in each of on a cash basis with respect to may be made during the period the other years. A certificate of the payment of taxes. The year of the present emergency. validity on the Ontario Municipal 1941 brought fruition to these The City of Milwaukee pur¬ Board, in form prescribed in Sec¬ hopes. Pursuant to an enabling chases annually over 50,000 dif¬ tion 66 of the Ontario Municipal act passed by the 1941 Legisla¬ ferent kinds of materials for Board Act (Chapter 60 R.S.O., ture, beginning Jan. 1, 1942,; the more than 100 departments, 1937) is printed on , each bond. taxpayers of the city may pay bureaus, divisions ' and commis¬ The successful bidder will pay in¬ real estate Comp¬ Wendt,- City taxes in monthly in¬ that evident was the stalments, without interest. City gathering of the necessary infor¬ real estate taxes (except certain mation on itemized purchases special assessments) may be paid from all these units would have in ten equal instalments on or been a staggering if not a hope¬ before the last day of each month, less task. For example: the item January to October, inclusive. of portland cement was pur¬ State and county real estate taxes be paid may in seven equal chased times 430 in 1940 by 39 in¬ separate operating units; and a certain paper stock was pur¬ month, January to chased 365 times in 1939 by 80 July, inclusive. If any instalment separate operating units. How¬ is not paid when due, the entire ever, through tabulating machine remaining balance of taxes be¬ operation, the required informa¬ comes delinquent and subject to tion was dispatched to Washing¬ interest at the rate of 8/10th of ton approximately seven days 1% per month, dating from the after their request was received. preceding January. Any taxpayer It is our understanding that no stalments day of on before or the last each still pay his taxes in full in January if he desires. It is hoped that this plan will be of real help to the taxpayer. By paying in¬ stalments promptly when due, those availaing themselves of this privilege will be relieved of the may interest will charge and they pay their other , Tax ;. Improvement increased reflected ments. in in real While estate and has been tax pay¬ Secretary. this issue will be item "of* $200,000 cluded in years, the there 1940 to tax was levy recoup Elimination 1942 an to delivery, in addition to the price tendered and accepted. The amount tendered is to be paid at the Bank of Nova of delivery on bonds are now Scotia, Ottawa, the bonds. The ready for delivery. The city will furnish the neces¬ sary certified copies of by-laws, certificate of the Ontario Munici¬ pal Board evidencing validity of the bonds issued under them, and appropriate legal papers. other Second high bidder at the was an account composed sale of Wood, Gundy & Co., Royal Bank of Toronto, Dominion Bank, To¬ of City Orders the old and antiquated city order will be dis¬ and henceforth payments of form Timmins, Ont. i Sold—Harris, Bonds Goss of Co. & Milwaukee recently $16,234 4% at the City Treas¬ urer's MacKeen, Toronto for office. another takes modernizing in step INDEX its procedure. v. Statement of Bonded As Assessed of Dec. valuation for limit—5% Debt 31, year 1941 1941.... $817.872.0<i0 .......... Bonds outstdg. debt Jan. 1, matured during year Bond debt Gross Debt 1941..., 1941. , ., 40.893.R02 18,710,590 2.820,500 Tax Dec. levy maturities 31, 1941............. $15,890,000 in 1941 for 1942 2,639,000 Net bonded Margin for debt Jan. bond Issues 1, 1942 $13,251,000 In year 1942 $27,642,602 Page v.. . Complete Public Debt of the U. Federal Reserve BanksWeekly Condition Statement: S. 1723 17*4 Combined Individual Statement... l72o Bank Changes 172-1 Reserve Bank of New York ■ Federal Reserve Note Reserve Less: in¬ the allotted July 1, 1941 to date of to In tax delinquency has declined steadily since 1933. very likely a substantial amount of the delinquent taxes of the depression years will remain un¬ paid and eventually have to be assumed by the city. After a lapse several bonds the on him from governmental unit has been comply with the OPM ronto, and Nesbitt, Thomson & request with the speed and ac¬ Co., which offered to pay 100.47 curacy of the City of Milwaukee. for the bonds, able at any bank or Fund business employment terest materials, supplies and serv¬ obliga¬ ices will be made by regular purchased an issue of bank checks immediately payable improvement bonds. current Deficit other be carded enabled to pay their taxes as they the 18 it, it" was felt that even entire vision of Clerk, in connec¬ $110,000 library bonds $60,000 have been sold, with tion incl. Not stated is of called, is not to pur¬ City Kramer, $4,000,000 Nisqually Power De¬ velopment bonds. Series B, as The city will furnish printed bonds, a copy of the been composed 1952 Issuance tions. Skagit County School District No. 18 (P. O. Mt. Vernon), Wash. Bond Sale—The $8,500 building elec¬ 1941, by All bids must a Revenue than and accrued interest will not par Special No. ,.at the rate or combination of two rates of interest which will bring 'the nearest price to par and ac¬ crued System have to group a William Midland, Texas t 2 rev¬ when. or said by the payment would pension yLa Crosse, ■ legal. However, he reports, until this issuance is ap¬ proved by the courts, he is not in a position to say just how.many enue is of which Indefinite houses of suance 1 i Houston, ; Texas Offering Jan. vote. to The bond issue carried by a vote of 202 "for" to 179 "against." It age of Ballman & Main, Doyle, O'Connor & Co., Inc., Barcus, Kindred & Co., McDougal & Condon, Inc., and Vieth, Duncan & Wood, all of Chicago, as 3%s. Due $12,000 on that but allowed old bonds was enough to change the the Sold—An issue of $120,- Bonds chased notice Section 9, Article 8, Denton, Bond if election tional Road and Bridge Fund tax, authorized by to reduce wis. 000 1939, the balance of which have been sold, to improve and main¬ >Young County Commissioners Pre' cinct No. 3 (P. O. Graham),' ' tain public roads in the county by Texas acquiring or purchasing the rights Bond Sale—The $50,000 road of way to be furnished by the bonds offered for sale on Dec. 22 county for State and Federal high¬ —v. 154, p. 1477—were purchased ways now or to be hereafter designated in the county; both by Walker, Austin & Waggener of principal and interest being pay¬ Dallas, paying a price of 100.08 a able by the levy of a continuing net interest cost of about 2.41%, direct annual ad valorem tax on for 2%s to Jan. 1, 1947, and 2%s Option¬ -all taxable properties in the coun¬ thereafter to Jan. 1, 1962. al on Jan. 1, 1947. -y ty, out of the 15-cents Constitu¬ of the State Constitution. eliminate the neces¬ WYOMING Carbon Cincinnati—v. 154, pose was $2,100,000, an increase of 1675—were purchased at par. $200,000 over: the previous levy. In spite of the temptation to hold this levy down, or even WISCONSIN indefinite and vague in the election notice: that the official were Due $5,000 1951 all bids as Denom. Dec. 22 but on annually for this pur¬ pose, it will Douglas County (P. O. Superior), boundry lines of the district ary Bond Issuance of Co. the :::v Court. District 41st The petition alleged that ' Bond of 4^-^ for the above district, was filed 1940 issue. deficit, fund. ence Irving Co. of suit contesting the Nov. a notice The bonds to be called in for tax Huntington, published in been exchanged by the bond¬ a paper, not of general circulation; holders. Approval of the attor¬ that at least 60 residents living in ney-general's office also is to be the area described in the election obtained. the is set aside were oldest issues to be refunded have but VIRGINIA WEST 15 election, which provided for issu¬ a the immediately, ordinance was/passed so that the sity of. increasing unduly any W. Va. Price Paid—It is reported that particular tax levy when it be¬ comes necessary for the city to the $526,000 2V2% semi-ann. West¬ El Paso County Water Control and liquidate outlawed accounts. ern Section flood control revenue Improvement District No. 1 Permanent Improvement Fund refunding bonds sold to a syndi¬ (P. O. El Paso), Texas cate headed by the Weil, Roth & The 1941 tax levy for this pur¬ Bond Suit Filed—It is reported the amount of the bonds, to the City Commission. bonds agreed that fee of 2% principal amount of the refunding bonds issued be allowed ■ issued At ,the insist¬ Comptroller, this city can offer the bonds for sale amount was increased to $400,000 whenever the market is particu¬ in the 1941 levy. It is our posi¬ tion that if a reasonable amount larly favorable. proceedings, kthe approving opin¬ ion of Chapman & Cutler, of Chi¬ cago, or Gibson & Gibson, of Aus¬ tin, and will deliver the bonds to the bank designated by the pur¬ chaser, without cost to him. En¬ close a certified check for 2% of of $19,000, of be Tuesday, December 30,1941 Federal 1724 —Condition Statement l<*4 Brokers Loans Returns of N. Y. and Chicago 1/Z4- Member Banks Returns of New York and Chicago